The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
. No. 8.
P U B L IC D O CU M EN T .
SIXTEENTH
: &E5-GJ&T
AWv B O A R D
SAYINGS BANKS.
P aet
I.
SAYINGS BANKS, INSTITUTIONS FOR SAVINGS, AND SAFE
DEPOSIT LOAN AND TRUST COMPANIES.
BO STON:
WRIGIIT & POTTER PRINTING CO., STATE PRINTERS,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
18 Post Office Square.
1892.
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Federal Reserve Bank of St. Louis
ERRATA.
For $72,023,703.64 on page 652, read $73,023,703.64.
For $1,381,731.44 on pages x and 652, read $381,731.44.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
53'û.l
(\\affc
W li
Conimoutoenitb of IHassachusttts
O f f ic e
of t h e
B o a r d of C o m m is s io n e r s of S a v in g s B a n k s ,
C o m m o n w e a l t h B u i l d i n g , B oston , Jan. 6, 1892.
To the Honorable the Senate and House o f Representatives in General Court
Assembled.
The Board o f Commissioners o f Savings Banks, in accord
ance with provisions o f law, have the honor to present herewith
Part. I. o f their sixteenth annual report relating to
Savings B anks , I nstitutions for Savings , and
S afe D eposit , L oan and T rust Companies.
A balance sheet o f each institution, showing its financial con
dition Oct. 31, 1891, will be found in the succeeding pages,
alphabetically arranged.
Part. I I ., relating to co-operative banks, collateral loan
companies and mortgage loan and investment companies, will
be submitted later in the session.
I
ncrease
in
I
n s t it u t io n s
.
/
o/ + l l £
T»1 g g
During the year two savings banks, four safe deposit and
trust companies and five co-operative banks have commenced
business, viz :—
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Federal Reserve Bank of St. Louis
R E P O R T O F TH E
IV
[Pub. D oc.
Date of Incorpora
tion.
N ame .
Date of
Commencement o f
Business.
Savings Banks.
Mechanics’ Savings Bank, Reading, .
Mar. 20, 1891. May
Pentucket Savings Bank, Haverhill, .
Mar. 17, 1891. July 21, 1891.
6, 1891.
Trust Companies.
Haverhill Safe Deposit & Trust Co.,
Haverhill,
.
.
.
Mar. 17, 1891. Oct. 12, 1891.
Lowell Trust Co., Lowell, .
May 23, 1890. Feb.
.
.
.
9, 1891.
Security Safe Deposit & Trust Co., Lynn,
Apr. 26, 1890. Jan. 15, 1891.
State Street Safe Deposit & Trust Co.,
B o s t o n , ....................................................
Apr.
8, 1891. July
1, 1891.
Co-operative Banks.
Atlantic Co-operative Bank, Lawrence,
Mar. 26, 1891. Apr. 30, 1891.
Berkshire County Co-operative Bank,
North A d a m s , ..................................
Nov. 8, 1890. Nov. 19, 1890.
Canton Co-operative Bank, Canton, .
Jan. 10, 1891. Feb. 10, 1891.
West Somerville Co-operative Bank,
West S o m e r v ille ,...................................
Nov. 29, 1890. Dec. 11, 1890.
Winchendon
Co-operative
Bank,
W in ch en d on ,...........................................
Sept. 9, 1891. Sept. 16, 1891.
W ith the above additions there is now under the supervision
o f this Board, as shown in the two parts o f this report,
180 savings banks and institutions for savings,
with assets o f ........................................... $390,565,967 10
18 safe deposit, loan and trust companies, with
assets o f ..................................................
81,897,705 71
Part I <i
' '
1 trust company in hands of receiver, with
assets o f ..................................................
226,590 45
1 savings bank in hands of receiver, with
[
assets o f ....................................................
218,840 41
r 108 co-operative banks, with assets of .
.
.
11,874,530 14
Part II. <
2 collateral loan companies, with assets of
.
378,207 72
C 2 mortgage loan companies, with assets of
.
1,891,704 73
Total, 312 institutions with assets of
$487,053,546 26
An increase o f eleven institutions in number, and o f $27,718,486.64 in assets.
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Federal Reserve Bank of St. Louis
N o. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS
D
iv id e n d s
R ates
of
y
.
D iv id e n d s .
Showing Comparisons with Oct. 3 1 , 1 8 9 0 .
In
De
crease. crease.
Ordinary D ivid en ds P aid D uring the Y ear E nding Oct . 81,1891.
5 savings banks or institutions for savings paid 5 per cent.
2
“
u
a
a
it
4.3
2i
**
4
u
U
U
U
t(
“
H
146
“
“
“
“
“
4
“ 41
2 savings banks did not declare any dividend.
180
Total amount of ordinary dividends for the year,
Total amount of extra dividends for the year, .
$13,956,944 57
25,753 78
The average rate of dividend for the year was 4.10 per cent.
Table showing the Yearly Average R ate o f Dividends since 1 8 7 6 .
1876,
5.66 per cent.
1884,
4.15 per cent.
1877,
5.00
“
1885,
4.14
“
1878,
4.00
“
1886,
4.06
“
1879,
3.68
“
1887,
4.06
»
1880,
3.93
“
1888,
4.14
“
1881,
4.00
“
1889,
4.08
“
“
1882,
3.97
“
1890,
4.08
“
“
1883,
4.09
“
1891,
4.10
“
“
“
* The Pentucket Savings Bank, Haverhill, and the Mechanics’ Savings Bank, Read
ing, which commenced business during the year.
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Federal Reserve Bank of St. Louis
[Pub. D oc
R E P O R T O F TH E
VI
A ggregate
Statem ent
L ia b il it ie s
of
A ssets,
an d
Showing Increase or Decrease as compared with the Year ending
Oct. 3 1 , 1 8 9 0 .
Liabilities.
Amount Oct. 31,
C l a s s i f ic a t i o n .
Increase.
1891.
Percentage
of
Increase.
D e p o s i t s , .........................................................
$369,526,385 54
$15,933,448 30
4.51
Guaranty f u n d , ...............................................
13,273,682 99
1,208,578 14
10 02
947,372 25
13.89
-
-
Profit and loss account,
.
.
.
3,943,979 29
.
3,312,449 20
Interest a cc o u n t,...............................................
Surplus account...................................................
190,168 35
prem ium a c c o u n t , ......................................
120,249 60
Rent a c c o u n t , ...............................................
D ue on incomplete mortgage loans, .
33,322 67
Sundry liabilities,..............................................
♦
125,973 27
'
¡>
39,756 19
$390,565,967 10
_____________________ _________________
.
Percentage of
Investments to
Total Assets.
.
$46,610,318 22
$3,096,496 03
-
7.12
11.93
895,660 00
107,345 00
-
13.62
.23
28,335,143 39
214,388 96
-
.76
7.25
Amount
C l a s s i f ic a t i o n .
Public funds,
Percentage of
Increase or
Decrease.
Assets.
Increase.
Decrease.
Oct. 31, 1891.
.
.
Loans on public funds,
Bank s t o c k , ......................................
2,092,668 36
329,937 18
-
18.72
.53
33,696,684 23
2,692,450 97
-
8.68
8.63
Loans on railroad bonds,
1,164,850 00
217,650 00
-
22.98
.30
Loans on railroad stock,
1,725,932 00
567,395 00
-
48.97
.44
Railroad notes,
3,950,000 00
220,000 00
-
5.90
1.01
Real estate for banking purposes,
2,856,737 83
356,702 40
Real estate by foreclosure, .
1,312,509 83
-
Loans on bank stock,
.
.
•
Railroad bonds...................................
.
.
.
.
153,727,164 91
Loans on real estate,
Loans on personal security,
Loans to counties, cities or towns
(notes)...............................................
Loans on depositors’ books,
Sundry assets,
.
.
.
.
10,374,119 06
92,718,287 70
-
8,902,646 31
31,725 83
39,680 16
$235,523 50
-
567,780 07
686 68
11,969,904 09
1,277,839 92
1,143,891 54
-
17,923 30
14.27
.73
15.21
.34
7.24
39.37
1.22
23.74
.36
2.28
31.12
.01
.12
.15
11 95
3.06
Cash on hand :—
In banks, on inter
est, .
.
• $10,505,465 41
In banks, not on
interest,
.
.
644,456 01
In office,
819,982 67
.
•
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Federal Reserve Bank of St. Louis
$390,565,967 10
-
-
-
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
vii
The foregoing statement indicates an increase in deposits of
$15,933,418.30, nearly five millions less than in 1890; this
difference can, without doubt, be largely accounted for by invest
ments made in the bond investment companies and similar
concerns which have proved to be merely schemes for preying
upon the incredulous. W hile all o f the five millions o f dollars
may not have been directly invested in the companies referred
to, the decrease can be properly attributed to that cause, owing
to the fact that during the excitement and height o f interest
in these companies, investors placed more o f their earnings
therein than they could afford; they were therefore called upon
later to draw from their deposits in savings banks to meet
ordinary family expenses.
Our position relative to the investments in the bond com
panies is substantiated by the fact that the average deposit for
this year has increased $7.88, clearly indicating a diverting o f
the amount usually deposited by the small depositors into other
channels, hence the increase o f general average.
The average withdrawal is decreased, and the fair inference
is for reasons arising from the same cause.
The further fact appears that in the year 1890 the number o f
deposits made was 1,060,877 ; in 1891, 968,750, a decrease o f
92,127.
The number o f withdrawals in 1890 was 725,751 ; in 1891,
805,197, an increase o f 79,446; these large variations in the
number o f transactions (such a less number o f deposits and
such a vast increase in the number o f withdrawals) establishes
beyond question that the small depositors o f our savings banks
have been the sufferers from the bond investment companies
and short term orders.
An interesting fact in connection with this subject is shown
by the following comparative statement which was submitted to
the House o f Representatives o f 1891.
[C o p t .]
B oston , Feb. 5, 1891.
Hon.
W il l ia m
E.
Barr ett,
Speaker o f the House o f Representatives.
S i r :— In obedience to the order o f the House o f Representatives,
adopted January 30, instructing this Board to report at once as to
whether there has been any falling off in savings banks deposits in
this State since Oct. 31, 1890, as compared with the corresponding
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Federal Reserve Bank of St. Louis
viii
R E P O R T O F TH E
[Pub. Doc.
period of the previous year, we have the honor to submit the follow
ing report:—
Of the one hundred and seventy-nine savings banks and institu
tions for savings in this Commonwealth, two have recently commenced
business, and three were under injunction of the supreme judicial
court, restraining them from either receiving or paying deposits dur
ing a part of the period covered by the order, hence preventing any
comparison being made in these particular institutions.
This Board not having the information desired at its immediate
command, blanks were prepared and forwarded the same day to the
one hundred and seventy-four remaining banks, and from the returns
of one hundred and seventy-one is prepared the following table : —
Amount deposited Nov. 1, 1890, to Jan. 31, 1891, .
Amount deposited Nov. 1, 1889, to Jan. 31, 1890, .
An increase in amount deposited of
.
.
.
.
.
Amount withdrawn Nov. 1, 1890, to Jan. 31, 1891,
Amount withdrawn Nov. 1, 1889, to Jan. 31, 1890,
An increase in amount withdrawn of
.
.
. $17,695,541 98
. 17,263,470 15
.
.
.
$432,071 83
. $17,438,350 12
. 15,184,479 24
.
$2,253,870 88
From these figures it will be seen that there has been a falling off
of $1,821,794.05 from Nov. 1, 1890, to Jan. 31, 1891, as compared
with the corresponding period of the previous year.
The three banks not reporting are small, their entire deposits not
aggregating $600,000 ; and, as their reports would not materially
affect the general result, it was deemed best to submit the report
without further delay.
Respectfully submitted,
(Signed)
E d w ar d P. Ch a p in ,
(
“
)
S tarkes W hiton ,
(
“
)
W arren
E . L ocke ,
Board o f Commissioners o f Savings Banks
In
v e stm e n ts
.
The largest increase in any one particular line o f investments
is in that o f loans on real estate, amounting to $10,374,119.06,
— seven and one-fourth per cent.
The year’s observations o f the members o f the Board lead
them to call attention to, and further emphasize, their views
expressed on this subject in their report o f last year, that in
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Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSIO N ERS.
ix
cases where the loans have been made upon property at a dis
tance from the place in which the bank is located, and have
been obtained through the efforts o f agents or brokers who are
actuated more from personal interest than in the secure invest
ment o f a bank’s funds, loss is very liable to result, as has been
instanced the past year.
Too much care cannot be bestowed in the examination ot
loans made upon real estate distant from the vicinity of the
bank making the same. Frequently it occurs in such cases
that but one member o f the investing committee actually
views the p rop erty; the other members o f the committee,
relying upon his judgment, join in certifying to the value of
the premises ; while this practice can hardly be considered a
violation o f the law, it plainly is not in accordance with the
intent thereof, wherein it is provided that “ no loan on mort
gage shall be made except upon the report o f not less than two
members o f the board o f investment, who shall certify to the
value o f the premises to be mortgaged, according to their best
judgment. . . .”
An increase slightly exceeding two millions o f dollars appears
in what is termed quick assets ; this noticeable and gratifying
increase accords with the suggestions made in our last report.
It will be observed that the cash reserve is increased this
year by $1,277,839.92; last year a decrease was shown o f
$1,763,442.67.
The cash reserve is three per oent. o f the liabilities.
The cash reserve and quick assets is twenty-four per cent,
o f the liabilities.
The loans on personal security have decreased the past year
$1,143,891.54 ; last year they increased $10,471,474.03. This
seeming change in the views o f the management o f our savings
institutions as regards personal loans is to be commended, for
the tendency in previous years has been to enlarge in this line,
assuming thereby, in some Cases, business or commercial risks,
which cannot be considered as the intent o f the statutes, or
looked upon as the wisest choice o f investment for trust funds ;
the views o f this Board, so frequently expressed on this
point in our reports and elsewhere, lead us to refrain from
further comment, other than to state our gratification upon
the results noted.
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Federal Reserve Bank of St. Louis
[Pub. D oc
R E P O R T O F TH E
X
From the annual reports o f the one hundred and eighty
savings banks, we compile the following statements : —
Comparative Statement o f Loans on Personal Security.
Oct. 31,1891.
Oct. 31, 1890.
Amount loaned on personal security, with
$45,987,147 23 $45,559,586 93
collateral,
.
. ■
Amount loaned on personal security, with
out c o l l a t e r a l , ...................................
47,158,700 77
47,875,032 01
$93,862,179 24 $92,718,287 70
Analytical Statement.
D e p o s it s , W it h d r a w a l s , E t c .
Number of open accounts................................................
Oct. 31, 1891.
Increase.
1,131,203
47,386
Average amount to the credit of each account,
Average deposit per capita of population (Census
of 1890)...............................................................................
Decrease.
-
326 67
43
165 04
7 12
-
Number of d e p o s i t s , ...............................................
968,750
Number of w ith d ra w a ls,...............................................
805,197
79,446
$73,405,435 08
$1,381,731 44
-
75 77
7 88
-
71,172,935 04
6,107,156 61
-
-
$1 26
Amount deposited (not including dividends),
Average of d e p o sits,.........................................................
Amount withdrawn (including dividends),
.
88 39
Average of withdrawals...................................................
92,127
-
-
Amount of e x p e n s e s , ...............................................
882,787 61
31,809 05
Total e a r n in g s ,..................................................................
18,815,334 61
1,186,633 06
-
Total ordinary d i v i d e n d s , ......................................
13,956,944 57
865,137 40
-
Total extra d i v i d e n d s , ...............................................
25,753 78
Number of loans of an amount less than $3,000,
52,695
1,635
-
58,581
2,636
-
Number of loans on real estate security,*
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Federal Reserve Bank of St. Louis
*
.
Averaging $2,624.18 each.
-
-
160,036 13
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
xi
S ayings B anks in the H ands or R eceivers.
Stockbridge Savings Bank.
This bank was placed in the receivers’ hands April 10, 1891,
and its liabilities are being liquidated.
A dividend o f 33^ per cent., amounting to $101,052.87, was
allowed by the Supreme Judicial Court July 28, 1891, and o f
this amount all but $3,585.49 has been paid.
A further divi
dend should, and it is expected soon will, be ordered and paid.
I he loans on real estate made by this bank, some o f them
on farms somewhat remote from business centres, are very slow
of collection, and will without doubt delay the final settlement
of the bank’s affairs. Such loans cannot judiciously, and ought
not to, be forced on the market, for the result would be greatly
to the disadvantage of bank, borrower and community ; how
ever, no unreasonable time should elapse before payment or
collection o f these loans is made. Included in the following
statement is the discrepancy in the accounts o f the late treas
urer, all the insecure loans, and losses sustained by the bank,
which cannot properly be deducted from the assets till the full
amount is ascertained, and which unquestionably will be in
excess o f the amount estimated by this Board at the time o f
the injunction.
Balance Sheet o f the Stockbridge Savings B ank , October 3 1 , 18 9 1 .
A ssets .
L ia b ilit ies .
Loans on real estate,
Loans on personal security,
Bank stock,
$83,443 33
36,417 01
15,792 00
Due from late treasurer, .
Real estate by foreclosure,
Deposits in banks, on in
terest, .
.
.
.
Cash on hand, .
29,320 47
27,169 79
Due depositors,
Guaranty fund,
Profit and loss ac
count, .
$205,333 03
5,481 08
8,026 30
23,477 35
3,220 46
$218,840 41
$218,840 41
Amount of assets delivered to r e c e i v e r , ...................................$285,274 49
Date of delivery, May 14,1891.
Due depositors at the time the bank was placed in the hands of
the re c e iv e r ,.............................................................................. 303,158 61
Amount of first dividend remaining unpaid,
.
.
.
.
3,585 49
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Federal Reserve Bank of St. Louis
[Pub. D oc.
R E P O R T O F TH E
xii
Lancaster Savings Bank.
O f the final dividend decreed by the court May 21, 1890,
$3,096.52 remains unpaid. Total dividend, 60^| per cent.
Reading Savings Bank.
The final dividend o f 13 per cent., decreed by the court
Nov. 3, 1890, has all been paid. Total dividend, 50| per
cent.
T
rust
C
o m p a n ie s
.
The following is a list o f trust companies chartered by the
Legislature
o f this Commonwealth which have not commenced
O
business.
Date of
Incorporation.
N am e of C o m pa n y .
Cambridge Safe Deposit and Trust C o., Cambridge,
.
Chelsea Safe Deposit and Trust C o., Chelsea,
Fall River Loan and Trust Co., Fall River,
.
.
.
Gloucester Safe Deposit and Trust Co., Gloucester,
.
.
May
8, 1890,
t
May
29, 1888,
*
Mar.
7, 1891,
Feb.
20, 1891,
A p r.
2, 1891.
Dec.
29, 1888.
A p r.
16, 1889.
May
28, 1890.
June
1, 1887,
Lawyers’ Loan and Trust C o., Boston.........................................
June
3, 1890,
Manufacturers’ Loan and Trust Co., Holyoke,
Apr.
26, 1887,
Hampden Loan and Trust Co., Springfield, .
Mattapan Deposit and Trust Co., Boston,
.
.
.
.
Middlesex Safe Deposit and Trust Co., Lowell,
.
.
.
.
Date of
Acceptance of
Charter.
Mar.
7, 1891,
May
29, 1888,
t
t
t
North Essex Trust Co , Newburyport..........................................
A p r.
9, 1891,
t
Somerville Trust Co., S o m e rv ille ,...............................................
May
14, 1891,
t
Union Loan and Trust C o., B o s t o n , ......................................
May
29, 1888,
Apr.
31, 1890.
United States Safe Deposit and Trust Co., Boston,
Apr.
15, 1887,
Jan.
21, 1888.
Mar.
17, 1891,
Winthrop Loan and Trust Co., Boston,
* Charter expired by limitation.
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Federal Reserve Bank of St. Louis
.
.
.
.
t Acceptance of charter not yet filed.
t
Capital.
American Loan and Trust Co., B o s t o n ,...............................................
Mar. 12, 1881,
$1,000,000 00
Bay State Trust Co , Boston.......................................................................
April 4, 1887,
200,000 00
-
B . M . C. Durfee Safe Deposit and Trust Co., Ball River,
Mar. 16, 1887,
200,000 00
-
Boston Safe Deposit and Trust Co., Boston........................................
April 13, 1867,
1,000,000 00
$350,000 00
700,000 00
6,274,490 00
2,383,454 58
1,412,409 62
-
256,090 66
-
102,791 69
102,186 99
1,049,238 66
19,611,842 09
-
631,633 44
1,000,000 00
165,000 00
98,777 53
1,219,467 06
-
224,515 56
8,101 17
Massachusetts Hospital Life Insurance Co., Boston,
Feb. 24, 1818,
500,000 00
Feb. 18, 1875,
.
97,375 22
158,029 34
352,566 17
506,054 23
25,000 00
.
$35,000 00
745,911 67
100,000 00
.
908,767 70
$588,548 77
11,842 25
125,000 00
April 20, 1887,
.
34,968 29
_
-
10,658 64
May 23, 1890,
Lynn Safe Deposit and Trust Co , Lynn..............................................
Massachusetts Loan and Trust Co., Boston, .
1,218,852 26
35,812 45
Lowell Trust Co., Lowell............................................................................
.
$3,182,756 94
55,177 74
5,428,042 90
500,000 00
.
$110,696 64
Trust Funds.
2,818 59
200,000 00
Mar. 25, 1879,
.
Deposits.
184,061 00
-
International Trust Co., B o s t o n , .........................................................
Haverhill Safe Deposit and Trust Co., H averhill,.
Cash on
Hand and in
Banks.
Undivided
Earnings.
Mercantile Loan and Trust C o., B o s t o n , ......................................
May 29, I88w,
250,000 00
N ew Bedford Safe Deposit and Trust Co., New Bedford, .
Mar.
2, 188',
200,000 00
New England Trust Co , B o s t o n , .........................................................
April 22, 1869,
1,000,009*00
700,000 00
-
19,728 40
451,316 69
11,920 05
498,223 91
1,000,000 00
305,262 70
12,698,838 21
500,000 00
112,507 30
4,522,918 24
-
20,566 42
608,371 10
-
7,228 15
1,140,444 54
-
46,463 74
742,524 28
879,626 82
30,803 13
103,488 88
1,429,623 20
70,737 97
2,420,043 03
Old Colony Trust Co , B o s t o n , .........................................................
May
8, 1890,
1,000,000 00
Security Safe Deposit and Trust Co., Lynn.........................................
April 26, 1890,
200,000 00
Springfield Safe Deposit and Trust Co., Springfield,
.
June 18,1885,
300,000 00
State Street Safe Deposit and Trust Co., Boston, .
.
-
300,000 00
7,031 49
408,028 04
Mar. 21,1868,
200,000 00
100,000 00
31,756 12
2,093,405 45
96,030 73
377,685 91
$8,275,000 00
$3,730,288 16
$2,232,269 31
$61,553,543 48
$4,762,393 96
$9,653,046 14
Worcester Safe Deposit and Trust Co., Worcester,
.
80,000 00
-
1,571,429 69
93,220 84
44,958 04
192,115 40
-
232,302 73
Compared with last year, the above statement shows an increase in capital of $1,225,000.00; in surplus of $1,020,325.99; and in deposits of $5,173,397.38.
reserve has increased $2,656,244.58.
The Suffolk Trust Company, included in last year’ s statement, is omitted from the above.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
The cash
SA Y IN G S B A N K CO M M ISSIO N ERS.
Surplus
or Guaranty
Fund.
Date of
Incorpora
tion.
N ame op Co m pa n y .
fei
O
. 8 .]
List o f Safe Deposit , Loan and Trust Companies chartered by this Commonwealth , and now transacting business, giving
the Amount o f Capital, Surplus , Deposits ,
Funds , eic., Oc£. 5 2 , 1 8 9 1 .
R E P O R T O F TH E
X IV
S
u ff o lk
T
rust
C
o m p a n y
[Pub. D oc.
.
The Suffolk Trust Company was placed in the hands o f a re
ceiver Sept. 3, 1891.
This is the -first instance o f the insolvency o f a trust company
in this Commonwealth. These institutions have, under their
excellent management, been very prosperous except in this
instance. They sustain a high position in the financial com
munity, both locally and outside the limits o f this Common
wealth, and it is very much to be regretted that an interruption
o f the record made by them now appears. The Suffolk Trust
Company, originally incorporated as the Suffolk Trust and In
vestment Company, was started for the purpose of negotiating
and guaranteeing mortgage loans on farms at the W est, and had
sold and guaranteed such loans to the amount o f about $575,000.
Chapter 342 o f the Acts o f 1889 prohibited safe deposit and
trust companies from transacting such business, and this com
pany therefore discontinued that branch, and engaged in com
mercial banking, as it»has proved, with disastrous results. A
change in the management o f the company was made about
Jan. 1, 1890, and it enlarged its banking department, increas
ing its deposits and consequently its loans. The officers o f
the company claimed that all these loans were good, but they
attracted the attention o f this Board, and, in its opinion, many
of them seemed insecure ; close scrutiny was given to them,
and the company wras carefully watched and examined. It was
noticed that the condition o f the company was continually
growing worse. W e desired to close up its affairs, but found,
upon investigation, that we had not sufficient authority so to
do. Notwithstanding its capital was impaired, it was not in
such a condition that it could be legally considered insolvent.
W e had many and frequent interviews with its president and
management, and urged a restoration o f its capital stock (we
not having power to levy an assessment for that purpose),
which they finally agreed should be done. Pending nego
tiations and during the time allotted, we discovered that its
managing officers were selling their stock and resigning their
several positions as officers and directors in direct violation o f a
supposed understanding, W e immediately made another thor
ough examination o f the affairs o f the company, and though
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Federal Reserve Bank of St. Louis
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
xv
upon the face o f the accounts the company appeared to be sol
vent, the Board still adhered to its opinion as to the insecurity
o f the loans, and, “ believing its farther proceeding to be hazard
ous to the public and those having funds in its custody,” decided
to apply to the Supreme Judicial Court to issue an injunction
restraining the corporation from further proceeding with its
business, and for the appointment o f a receiver ; and on confer
ence with the new management, they acceded to the decision.
The closing o f the Suffolk Trust Company was the result o f the
loss arising from insecure loans,made through its banking depart
ment. The loans are proving to be even worse than anticipated
by this Board, and complications necessarily arising from the
connection o f its mortgage business with its banking depart
ment will, without question, seriously delay the final settle
ment o f the company’s affairs. It is the opinion o f this Board
that authority should be given it to levy an assessment upon
the stockholders o f a trust company, whenever, in its judg
ment, the capital stock is impaired, and should be restored ; in
this way insolvency might be averted. Insolvency cannot be
determined in an instant; its approach is slow, making little
show o f progress, till unexpectedly it has full con trol; then the
end comes and a financial disaster is the result. This is par
ticularly true o f an institution carrying on an extensive busi
ness with a small capital, as was the case with this company,
which, having a capital o f $100,000 only, had guaranteed mort
gages amounting to $575,000, placed on farms at the W est.
W hile these guaranteed mortgages did not precipitate the final
result, they were a factor, however, to the extent o f advances
made on coupons due, tax-titles and equities purchased, all o f
which are secured by whatever value there is in the property
held under the m ortow
* © Oes.
Annexed is a statement as shown by the books o f the com
pany at the time the receiver took possession.
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Federal Reserve Bank of St. Louis
[Pub. D oc.
R E P O R T O F TH E
XVI
Balance Sheet o f the Suffolk Trust Company Sept. 3 ,1 8 9 1 .
L ia b il it ie s .
A ssets.
Loans on real estate,
Bills receivable,
$16,250 00
.
.
.
.
917 25
Capital stock, .
.
.
.
$100,000 00
2,500 00
Surplus..........................................
609 08
Time l o a n s , ......................................
94,625 64
Profit and loss account,
Demand loans.........................................
68,429 10
Commissions...............................
677 38
7,034 63
Interest..........................................
15,248 84
Furniture and fixtures,
.
Expense account....................................
37,386 54
Taxes paid...............................................
2,807 60
Insurance account, .
.
.
Real estate equi ti es, .
.
53 72
.
Foreclosure account,
.
.
Trustee fees, .
.
.
11,774 08
.
141,509 41
Individual deposits,
40,633 12
Certificates of deposit, .
1,041 25
22,636 02
Bills re-discounted,
16,311 36
Ridgeway Furnace Co.,
20 00
11,951 02
Tax sale certificates,
Coupon account,
.
.
.
.
27,795 30
Due from agents,
.
.
.
.
3,347 52
2,720 89
Maverick National Bank, Boston, .
Broadway National Bank, Boston,
50 81
Western National Bank, New Y ork,
56 69
C a s h ,.........................................................
2,726 44
O v e r d r a f t s , ......................................
914 05
$316,014 58
$316,014 58
D
angers
to
th e
S
a v in g s
B
S
an k
w e a l t h
ystem
of
th e
C
om m on
.
The savings bank system o f the Commonwealth really com
menced in 1816, when the Legislature chartered the “ Provi
dent Institution for Savings in the Town o f Boston. ” Since
then, under the fostering care o f our State government, the
idea has grown and spread, so that at the present time, in
cluding the Provident Institution for Savings, with its deposits
o f over thirty millions o f dollars, there are one hundred and
eighty savings banks and institutions for savings with combined
assets o f three hundred and ninety millions o f dollars, which,
if divided among the people o f the Commonwealth on the basis
o f the U. S. census o f 1890, would give to each and every
person $174.44.
This accumulation o f three hundred and
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Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
xvn
ninety millions o f dollars is a vast sum, and enters largely into
the construction and basis o f the financial interests o f our
Commonwealth. It is the result o f the good management o f
these institutions under the guidance and control o f our State
government, a control which has sought to keep the invest
ments as near to absolute safety as is within its power. Every
possible safeguard has been utilized as to kind o f investments,
limit o f same, management, and the establishment o f a board
for supervision with strong powers, the expenses o f which are
borne by the Commonwealth. Such has been the grand result
ot all this, that, ot the sixteen hundred and fifty millions o f dol
lars deposited in these banks since 1816, but one-seventh o f one
per cent, has been lost from failures and discontinuances o f
banks. This is indeed a grand result, and the system, so thoroughly established, which has proved not only o f great financial
benefit in its accumulations but very beneficial as an educator,
and a system as near sate as can be established, seems now, bv
movements recently made, to be seriously endangered from
two directions : —
First, by national banks opening a savings department; and,
Second, by some o f the trust companies, incorporated by
our own Legislature, entering upon a similar business.
The attempt on the part o f any national bank in this
Commonwealth to establish as a part o f its business a
savings bank department must be looked upon as usurping a
right and privilege belonging to this Commonwealth, a right
strengthened by moral obligation and power, if not by the law.
The success o f our savings banks should not be ruthlessly
interfered with nor interrupted by a system which, though good
in itself as a commercial and banking system, is not adapted
to a savings bank system and has none o f the safeguards that
are thrown around our savings banks in regard to its invest
ments.
A system founded and established by our Common
wealth, or by any State government,.ought not to be lightly*
treated by the powers and privileges granted under a federal
charter. A national bank operating a savings bank depart
ment can invest its deposits in virtually whatever its manage
ment elects except in loans on real estate, the leading feature
o f the line o f investments o f our savings banks ; these loans are
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Federal Reserve Bank of St. Louis
xviii
R E P O R T O F TH E
[Pub. D oc.
o f great value and importance, as they retain in our own midst
the deposits o f our people in humble life, and furnish the oppor
tunity to own their homes.
The establishment o f savings bank departments by national
banks is fraught with danger, and it is directly in opposition
to the principles o f savings banks.
A savings bank o f our
Commonwealth is limited in investments, in kind, in amount,
proportion and character, and very properly s o ; a savings
bank carried on by a national bank working under a federal
charter is virtually unlimited. This subject has attracted the
attention o f bank commissioners generally, and as a result o f
extended correspondence, a conference o f the bank commis
sioners o f the New England States to consider this and other
subjects was held at the office o f this Board Nov. 10, 1891,
and, after a very careful and thorough discussion o f this sub
ject, it was decided by those present to present the matter
to the various State Legislatures and to the Comptroller of
the Currency at Washington.
This Board addressed Comp
troller E . S. Lacey on the subject Nov. 25, 1891. W e now
present the matter to your honorable body for consideration,
and, if the relations o f the Commonwealth towards the general
government permit legislation on this subject, we would suggest
the passage o f such an act as will prevent national banks here
after engaging in such business in this Commonwealth.
A s relates to safe deposit, loan and trust companies, char
tered by our own Commonwealth, maintaining a savings bank
department, we respectfully recommend that they be prohibited
from so doing. In the features o f investments, trust companies
are closely allied to national banks, therefore the same reasons
in this regard apply to trust companies maintaining a savings
bank department as to national banks. Some o f our trust com
panies have recently opened a savings bank department, and
under their charters it appears legal. It seems, therefore, that
an institution established under chapter 116, Public Statutes,
the statute governing savings banks, has to conform to certain
requirements and limits ; an institution established under chap
ter 413 o f the Acts o f 1888, the statute governing trust com
panies, can, and does, transact the business o f a savings bank,
but without the prescribed requirements or limits. This anom-
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Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
xix
alous position arises from the legal construction placed upon
the words “ receiving deposits.”
It was never intended, in
the preparation o f the act governing trust companies, that they
should transact the business o f receiving deposits other than in
the form and manner usual in commercial banking, as it is
commonly known in business circles.
The attempt, therefore, to establish a savings bank under the
guise o f a trust company is a strain upon words, and in direct
violation o f the intent o f the Legislature.
Advantage has been taken o f this phraseology to do a savings
bank business under the supposed authority o f a trust company
charter, in a place where the Legislature refused to grant a
charter for a second savings bank ; thus it will be seen that in
the same place there exists a savings bank, pure and simple,
governed and controlled by the statutes, limited in its invest
ments, and conforming strictly to the system ruling our savings
banks, while near by is a similar institution, but under another
name, unlimited in its investments, and ruled only by the
opinion and judgment o f its officers, but receiving deposits in
identically the same manner as the other.
It has been a governing principle o f the statutes ruling the
management o f our savings banks that business or commercial
risks should be entirely eliminated therefrom. The fact o f a
trust company maintaining a savings bank department, which,
by the nature o f its charter, takes all business risks, is really
that o f a savings bank engaging in business ventures.
It seems to this Board that to allow a system o f savings
banks to become established, though under the guise o f a trust
company, is striking such a dangerous, if not disastrous, blow
at the fundamental principle o f the savings bank system, that it
merits immediate attention and correction.
The remedy hoped to be obtained in the national bank
system must certainly be first commenced at home with the
companies receiving their powers and privileges from our
Commonwealth, otherwise we have no standing before the fed
eral government.
W e respectfully urge your careful consideration o f this sub
ject, and feel confident that it will commend itself to you as one
demanding attention.
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Federal Reserve Bank of St. Louis
XX
R E P O R T O F SA Y IN G S B A N K S.
C
o n c l u s io n
[P .D .N o . 8.
.
Frequently during the year this Board has found it necessary
to consult the law department o f the Commonwealth, and it
desires herewith to express its high appreciation o f the services
o f that department and its obligations to the Attorney-General
and his assistants for valuable counsel and advice.
In the appendix will be found the statutes governing savings
banks and trust companies, also a compilation o f the authorized
investments and loans allowed savings banks, arranged in form
for ready reference.
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Federal Reserve Bank of St. Louis
E D W A R D P . C H A P IN , >
Board o f
S T A R K E S W H IT O N ,
> Commissioners o f
W A R R E N E. LOCKE,
) Savings Banks.
ABSTEACT OF ANNUAL EEPOETS
OF THE
SAYINGS BANKS AND INSTITUTIONS
FOR SAYINGS,
SHOWING THEIR
C O N D IT IO N
AT
TH E
O ctober
M ade
in
C o n f o r m it y
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
to
the
CLOSE
B U SIN E SS
31, 1891.
R e q u ir e m e n t s
A cts
OF
of
1888.
of
Chapter
127
op
the
2
I
R E P O R T O F TH E
[Pub. D oc.
ABINGTON SAVINGS BANK — ABINGTON.
Incorporated March 17, 1853.
Present number of corporators, 72.
O t is W . S o u l e , President.
G e o r g e A. B e a l , Treasurer.
G e o r g e A . B e a l , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
S il a s B . D i c k e r m a n ,
O tis W . S o u l e ,
W il l ia m B r o w n ,
J o se p h L. G r e e n w o o d ,
Jo h n W . S p r o u l ,
G e o . L . R ic h a r d s o n .
Open for business every business day, 9
B alance
a .m .
Sh e e t , O ctober
to 12
m
; 1 to 4
p .m .
31, 1891.
A ssets .
L ia b ilit ie s .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock ,.
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , .......................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Lawrence Duck Co. stock,*
Furniture and fixtures,
Store fixtures,
.
.
.
.
Cash on hand,
.
.
.
.
$85,000
134,850
1.165
127,000
00
00
00
00
50,000
55,334
939,537
134,875
00
34
71
00
55,150
650
34,756
•240
9,210
1,000
1,000
305
00
00
61
83
84
00
00
85
Deposits, .
Guaranty fund,
Interest account,
Real estate income
account,
$1,630,076 18
*
$1,540,170 06
60,000 00
29,272 85
633 27
$1,630,076 18
Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Abington National Bank, A b i n g t o n , .................................................................... $19,391 56
National Bank of Redemption, B oston,....................................................................
15,365 05
Loans on Bank Stock, amount on each : —
On 10 shares First National Bank, R o c k l a n d , .................................................$800 00
On 3 shares Abington National Bank, A b in g to n ,.................................................
250 00
On 2 shares Abington National Bank, A b in g to n ,................................................
50 00
On 1 share Abington National Bank, A b i n g t o n ,.................................................
65 00
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Federal Reserve Bank of St. Louis
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
3
Detailed Statement o f Public Funds.
Par Value.
Town of Abington, Mass ,4 s ,.
City of Bangor, Me., 6s, .
of Boston, Mass., 6s,
of Cleveland, Ohio, 7s, .
of Dayton, Ohio, 6s,
of Fall River, Mass , 6s, .
of Fort Wayne, Ind , 6s, .
of Grand Rapids, Mich., 8s,
of Grand Rapids, Mich., 5s,
of Portland, Me., 6s,
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 4|s,
*
.
Estimated
Market Value.
$20,000
10,000
1,000
2,000
1,000
25,000
5,000
1,000
3,000
7,000
5,000
5,000
$20,200
10,250
1,025
2,105
1,030
30,125
5,550
1,060
3,210
8,400
5,375
5,200
$85,000
$93,530 00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$20,000
10,000
1,000
2,000
1,000
25,000
5,000
1,000
3,000
7,000
5,000
5,000
00
00
00
00
00
00
00
00
00
00*
00
00
$85,000 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
60
40
74
75
12
25
19
59
50
50
68
150
100
100
.38
22
110
45
50
10
50
32
47
38
32
2
Par Value.
Abington N’l Bank, Abington,
First National Bank, Adams, .
Boston Nat’l Bank, Boston,
Blackstone N’l Bank, Boston,.
Central Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
Mt. Vernon N’l Bank, Boston,
North National Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Nat’l Webster Bank, Boston, .
First National Bank, Danvers,
Old Colony N’l B’k, Plymouth,
First Nat’l Bank, Rockland, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,000
4,000
7,400
7,500
1,200
2,500
1,900
5,900
5,000
5,000
6,800
15,000
10,000
10,000
3,800
2,200
11,000
4,500
5,000
1,000
5,000
3,200
4,700
2,850
3,200
200
Estimated
Market Value.
$7,560
6,000
8,288
7,500
1,707
3,262
1,957
7,198
5,012
6,000
8,432
16,575
14,950
9,037
5,244
3,063
13,970
7,200
9,262
930
5,012
3,896
4,700
3,277
4,800
200
00
00
00
00
00
50
00
00
50
00
00
00
00
50
00
50
00
00
50
00
50
00
00
50
00
00
Amount Invested.
$6,000
4,000
7,400
7,500
1,200
2,500
1,900
5,900
5,000
5,000
6,800
15,000
10,000
10,000
3,800
2,200
11,000
4,500
5,000
1,000
5,000
3,200
4,700
2,850
3,200
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
200 00
$134,850 $165,035 50 $134,850 00
R E P O R T OF TH E
4
[Pub. Doc.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R R. 4s,
Boston & Maine R R 4s,.
Boston & Maine R.R. 7s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .
Leeds & Farmington R R. 6s, .
[Nashua & Lowell R.R. 6s,
New Bedford R.R. 7s,
.
Old Colony R.R. 7 s,.
Old Colony R.R. 4 s,.
Portland & Ogdensburg R R. 6s,
122,000
24.000
10.000
25.000
5.000
1.000
5.000
2.000
8,000
20.000
5,000
$127,000
Estimated
Market Value.
$22,000
24,240
10,400
30,375
5,250
1,060
5,075
2,110
8,400
20,200
5,600
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
$134,710 00
$22,000
24.000
10.000
25.000
5.000
1.000
5.000
2.000
8,000
20.000
5,000
00
00
00
00
00
00
00
00
00
00
00
$127,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$34,756 61
49.850 00
247,250 00
Kate.
2^ per cent.
“
5
H
Amount.
$3,500 00
171,150 00
Kate.
Amount.
Rate.
54 per cent.
“
$10,000 00
649,627 71
5| per cent.
6
Amount invested in real estate for banking purposes..............................................$50,000 00
Estimated value of the s a m e ,........................................................................................
50,000 00
Assessed value of the s a m e , ........................................................................................
39,000 00
.
1,648 18
Value, by books, o f other real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .........................................................................................
Net income received from same during year ending Oct. 31, 1891,
.
.
Number of loans which are of an amount not exceeding $3,000 each, . 666
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real estate,........................................................... 663
Net income received from same during year ending Oct. 31, 1891,
.
55,334 34
56,100 00
161 59
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1891................................................................................................
Times for the dividends fixed by the b y-la w s: first Tuesday in April and
October.
657,077 71
5,000 00
86,446 96
Rate and amount of each semi-annual dividend during the 1 2^ per cent., r 32,512 78
year ending Oct. 31, 1 8 9 1 , ........................................................... J 2| per cent., | 33,389 45
Number of accounts opened during the year ending Oct. 31, 1891,
. 382
Number of accounts closed during the year ending Oct. 31, 1891,
. 289
Total number of open accounts Oct. 31, 1891,
.
.
.
.
3,545
Total expenses o f the corporation for the year ending Oct. 31, 1891 (e x
clusive of t a x e s ) ,............................................................................................................
3,787 88
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
195,959 56
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Federal Reserve Bank of St. Louis
No. 8.J
5
SA V IN G S B A N K CO M M ISSION ERS.
Number of s a m e , ........................................................................................ 1,786
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891................................................................................................................................. ....
38
Number of s a m e , ........................................................................................ 1,909
Date of examination by commissioner: July 28.
Co m m o n w ea lth
P lym ou th ,
ss .
of
M assach u setts.
A
b in g t o n ,
N o v . 10, 1891.
Personally appeared George A . Beal, Treasurer o f the Abington Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
P l y m o u t h , ss.
G r a n v il l e B-. F a r r a r , Justice o f the Peace.
A b in g t o n , N o v . 10, 1891.
Personally appeared Otis W . Soule, President, and Silas B. Dickerman, W illiam
Brown, John W . Sproul, Geo. L . Richardson and Joshua L. Nash, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G r a n v il l e R . F a r r a r , Justice o f the Peace.
6
R E P O R T O F TH E
[Pub. Doc.
AMHERST SAVINGS BANK — AMHERST.
Incorporated April 5, 1864.
Present number of corporators, 16.
E . F . C o o k , President.
E . D . B a n g s , Treasurer.
G e o r g e C u t l e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
E . F. C o o k ,
L. D . H i l l s ,
W . E . B r id g m a n ,
B. F . K e n d r i c k .
Open for business every business day, 9
B alance
a. m.
Sh ee t, O ctober
to 12
; 1.30 to 4
p .m .
31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking purposes)..............................................
Loans on real estate, .
Loans on personal securitv,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand,
.
.
.
.
m.
L ia b ilit ie s .
$132,875
218,578
6,250
118,000
00
84
00
00
Deposits, .
Guaranty fund,
Profit and loss account, .
$1,466,443 28
54,176 00
47,959 65
15,000 00
876,218 00
99,160 00
40,700
700
55,967
5,000
129
00
00
68
00
41
$1*568,578 93
$1,568,578 93
Cash on Deposit in Banks, amount in each : —
First National Bank, A m h e r s t , .......................................
First National Bank, Northampton,
.
.
:
.
City National Bank, H o l y o k e , .......................................
.
$32,967 68
20,000 00
8,000 00
Loans on Bank Stock, amount on each : —
On
On
On
On
On
5 shares Palmer National Bank, Palmer,
21 shares City National Bank, Worcester,
28 shares Ware National Bank, Ware,
10 shares First National Bank, Northampton,
10 shares Northampton National Bank, Northampton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$500 00
' I
3,750 00
1,000 00
1,000 00
No. 8 .]
7
SA V IN G S B A N K CO M M ISSION ERS
Detailed Statement o f Public Funds.
j
City of Nashua, N. H., 6s,
of Bangor, Me., 6s. .
of Fall River, Mass , 6s,
of Pawtucket, R. I., 5s,
Town of Clinton, Mass , 4s,
of Beverly, Mass, 4s,
of Rutland, V t , 4s,
City of Chicago, 111., 4s.,.
of Cleveland, Ohio, 5s,
of Saginaw, Mich., 4ts,
.
.
.
.
.
.
Par Value.
$15,000
20,000
8,000
8,000
20,000
10,000
20,000
10,000
7,000
20,000
$133,000
Estimated
Market Value.
$15,300
21,200
8,640
3,270
20,500
10,400
20,500
10,000
7,420
20,900
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$15,000
20,000
8,000
3,000
20,000
10,000
20,000
9,875
7.000
20,000
00
00
00
00
00
00
00
00
00
00
$138,130 00 $132,875 00
No. of
Shares.
Detailedy Statement o f Bank Stocks.
100 First National Bank, Amherst,
50 First National Bank, Barre, .
23 Suffolk Nat’l Bank, Boston,
10 N ’l Hide & Leather B’k, Boston,
80 N’l B’k of the Republic, Boston,
45 Conway Nat’l Bank, Conway,
94 First N’l Bank, Easthampton, .
56 Franklin Co N’l B’k, Greenfield,
100 Holyoke Nat’l Bank, Holyoke,
100 City National Bank, Holyoke,
133 Northampton National Bank,
Northampton,
130 Hampshire Co. National Bank,
Northampton,
129 First Nat’l B’k, Northampton,
5 Berkshire N’l B’k, No. Adams,
30 National Bank of Commerce,
New London, Ct.,
80 First Nat’l Bank, Norwich, Ct.,
125 Second N’l Bank, Norwich, C t ,
117 Thames N’l Bank, Norwich, Ct.,
38 Palmer Nat’i Bank, Palmer, .
116 Agawam N’l Bank, Springfield,
100 Chapin N’l Bank, Springfield,
84 Crocker N’l B-’k, Turner’s Falls,
8 Ware National Bank, Ware, .
40 City National Bank, Worcester,
25 Citizens’ N’l Bank Worcester,
10 Mechanics’ N’l B’k, Worcester,
3 Nat’l Pahquioque Bank, Dan
bury, C t,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$10,000
5,000
2,300
1,000
8,000
4,500
9,400
5,600
10,000
10,000
Estimated
Market Value.
$15,500
5,500
2,530
1,250
13,200
5,625
14.100
6,440
16,500
11,500
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$14,910
5,000
2,771
1,107
10,095
4,493
10,928
6,430
10,800
10,930
00
00
62
00
50
33
00
00
00
00
13,300
23,275 00
13,504 00
13,000
12,900
500
16,250 00
17,157 00
500 00
15,383 00
17,176 00
500 00
3,000
8,000
12,500
11,700
3,800
11,600
10,000
8,400
800
4,000
2,500
1,000
3,900
10,000
15,625
17,550
5,700
13,340
15,000
10,500
960
5,600
3,250
1,150
3,660
8,000
14,825
16,101
5,306
14,450
12,703
8,664
988
5,120
3,062
1,250
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
39
00
00
50
00
300
420 00
420 00
$183,100
$252,322 00
$218,578 84
8
R E P O R T O F TH E
[Pub. D oc.
Detailed, Statement o f Bailroad Bonds.
I’ar Value.
New London Northern R.R. 7s,
Fitchburg R.R 5s, .
.
.
.
Fitchburg R R. 4£s, .
.
.
.
Boston, Revere Beach & Lynn R.R. 6s,
Boston & Lowell R.R. 4s,
Boston & Lowell R R. 6s,
$26,000
25.000
10.000
25.000
25.000
7,000
$118,000
Estimated
Market Value.
$26,520
26,500
10,200
27,750
25,000
7,665
Amount Invested.
00
00
00
00
00
00
$26,000
25.000
10.000
25.000
25.000
7,000
00
00
00
00
00
00
$123,635 00 $118,000 00
Total Amount o f Loans with Each Specified Bate o f Interest.
Rate.
Amount.
Rate.
Amount.
3 per cent.
4
“
4£
“
$40,700 00
850,700 00
16,175 00
4| per cent.
5
5£
“
$83,119 00
2,334 00
Amount.
$27,967 68
28,000 00
30,000 00
Rate.
6 per cent.
n
((
Amount invested in real estate for banking purposes,.............................................. $15,000
15,000
Estimated value of the same..........................................................................................
Assessed value of the s a m e , .........................................................................................
9,100
Net income received from same during year ending Oct. 31, 1891,
.
.
664
Number of loans which are of an amount not exceeding $3,000 each, 487
Aggregate amount of the s a m e , ...............................................................................
464,778
Total number of loans upon real e s t a t e , ................................................. 492
Amount of investment from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount b f each semi-annual dividend during the ) 2 p e rc e n t.,}
year ending Oct. 31, 1 8 9 1 , ........................................................... J 2£ per cent., 1
Number of accounts openedduring the year ending Oct. 31, 1891,
. 573
Number of accounts closed duringthe year ending Oct. 31, 1891,
. 348
Total number of open accounts Oct. 31, 1891,
.
.
.
.
3,871
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f taxes),
............................................................................... .........
.
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ...................................................................................................
Number o f s a m e , ................................................................................3,239
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ................................................................................2,406
Date of examination by commissioner: July 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
35
00
14,950 00
75,938 42
26,089 34
30,388 53
3,852 20
267,467 81
203,130 22
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
Comm onw ealth
H a m p s h ir e ,
of
9
M assa ch u setts.
ss.
A m h e r s t , N ov . 4, 1891.
Personally appeared E . D . Bangs, Treasurer of the Amherst Savings Bank, and made
oath that the foregoing statement, by him subscribed, is a true and correct statement of
all the resources and liabilities of said institution, and that the answers made by him to
the foregoing interrogatories contain the whole truth in reference to the matters to which
they relate, according to his best knowledge and belief.
Before me,
H a m p s h ir e ,
ss.
F r a n k E . P a i g e , Justice o f the Peace.
A m h e r s t , N o v . 4, 1891.
Personally appeared E . F. Cook, President, and D. W . Palmer, Oliver D. Hunt,
George Cutler, W . A . Dickinson and B. F . Kendrick, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
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Federal Reserve Bank of St. Louis
Before me,
F r a n k E . P a i g e , Justice o f the Peace.
10
R E P O R T O F TH E
[Pub. Doc,
ANDOVER SAVINGS BANK — ANDOVER.
Incorporated April 2, 1834.
Present number of corporators, 43.
M oses F o s t e r , President.
J o h n F . K i m b a l l , Treasurer.
J o h n F . K i m b a l l , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
P e t e r D . S m it h ,
M oses F o st e r ,
J o h n Co r n e l l ,
J a m e s P . B u t t e r f ie l d ,
J. T y l e r K i m b a l l .
Open for business every business day, 9
B alance
Sh e e t , O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on inter
est, .................................................
Cash on hand....................................
a .m .
to 12
m.
; 2 to 4
p .m .
31, 1891.
L ia b ilit ie s .
$244,600
280,225
1,700
553,000
6,640
1,019,207
154,202
900
15,517
00
00
00
00
00
20
00
00
56
Deposits, .
Guaranty fund,
Interest account,
$2,121,107 38
85,000 00
81,514 33
3,518 61
8,111 34
$2,287,621 71
$2,287,621 71
Cash on Deposit in Banks, amount in each : —
Andover National Bank, Andover, .
Blackstone National Bank, Boston,
$6,518 61
12,517 56
Loans on Bank Stock, amount on each : —
On 5 shares Andover National Bank, Andover,
On 2 shares Andover National Bank, Andover,
On 12 shares Andover National Bank, Andover,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$500 00
200 00
1,000 00
No. 8 .]
11
SA V IN G S B A N K CO M M ISSIO N ERS
Detailed Statement o f Public Funds.
Par Value.
City of Bangor, Me., 6s, .
of Belfast, Me., 6s, .
of Boston, Mass , 6s,
of Boston, Mass., 4s,
of Cambridge. Mass., 6s,
of Chelsea, Mass., 6s,
of Dover, N. I I , 6s,.
of Fall River, Mass., 6s, .
of Holyoke, Mass., 7s,
of Lewiston, Me , 6s,
of Lynn, Mass , 4s, .
of Norwich, Conn , 6s,
of Portland, Me., 6s,
of Salem, Mass., 6s,
of Sioux City, Iowa, 4 is ,.
County of Rockingham, N. H , 4s, .
State of New Hampshire 6s, .
$25,000
17,000
1,000
50,000
2,000
12,000
25,500
11,000
8,000
4,000
10,000
30,000
21,000
3,000
15,000
10,000
100
$244,600
* .Legal
Estimated
Market Value.
$26,000
18,000
1,000
54,000
2,000
13,500
26,000
12,500
8,800
4,000
10,500
33,500
24,000
3,500
15,500
10,000
100
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$262,900 00
Amount Invested.
$25,000
17,000
1,000
50,000
2,000
12,000
25,500
11,000
8,000
4,000
10,000
30,000
21,000
3,000
15,000
10,000
100
00
00*
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
$244,600 00
investments when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Andover Nat’l Bank, Andover,
Atlas National Bank, Boston,.
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Everett Nat’ l Bank, Boston, .
Freeman's Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,
Nat’l Bank of the Commonwealth, Boston,
225 N’l B’k of the Republic, Boston,
52 National City Bank, Boston, .
100 National Eagle Bank, Boston,
100 N’l Hide & Leather B’k. Boston,
26Ì Nat’l Revere Bank, Boston,
6 Nat’l Security Bank, Boston, .
60 Nat’l Union Bank, Boston,
154 Nat’l Webster Bank, Boston, .
58 New England N’l B’k, Boston,
41 North National Bank, Boston,
79 Old Boston Nat’l Bank, Boston,
110 Second Nat’l Bank, Boston,
311
40
147
27
100
84
112
81
50
120
150
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
$31,100
4,000
14,700
2,700
10,000
8,400
11,200
8,100
5,000
12,000
$35,765
4,500
14,700
3,500
13,000
9,000
11,000
8,100
7,500
11,500
00
00
00
00
00
00
00
00
00
00
$31,100
4,000
14,700
2,700
10,000
8,400
11,200
8,100
5,000
12,000
00
00
00
00
00
00
00
00
00
00
15,000
22,500
5,200
10,000
10,000
26,300
600
6,000
15,400
5,800
4,100
7,900
11,000
26,000
35,000
5,000
10,500
11,500
26,300
1,000
8,400
15,400
9,000
5,000
9,400
20,000
00
00
00
00
00
00
00
00
00
00
00
00
00
15,000
22,500
5,200
10,000
10,000
26,300
600
6,000
15,400
5,800
4,100
7,900
11,000
00
00
00
00
00
00
00
00
00
00
00
00
00
[Pub. D oc.
R E P O R T O F TH E
12
No. of
Shares.
Detailed Statement o f Bank Stocks— Concluded.
35
50
52
18
3
50
100
50
Par Valûe.
Estimated
Market Value.
$4,000
5,000
6,200
1,800
200
10,000
12,000
5,500
$3,500
5,000
5,200
1,800
225
5,000
7,500
5,000
Shawmut Nat’l Bank, Boston,
South End N’ l Bank, Boston, .
State National Bank, Boston, .
Tremont Nat’l Bank, Boston,
Danvers Nat’l Bank, Danvers,
Wachusett N’l B’k, Fitchburg,
Bay State N’l B’k, Lawrence, .
Union Nat’l Bank, Weymouth,
00
00
00
00
00
00
00
00
Amount Invested.
$3,500
5,000
5,200
1,800
225
5,000
7,500
5,000
00
00
00
00
00
00
00
00
$280,225 $345,765 00 $280,225 00
Detailed Statement o f Railroad Bonds.
Par Value.
Estimated
Market Value.
,000
22,000
7,000
2,000
25,000
14,000
50,000
55,000
50,000
50,000
25,000
10,000
13,000
20,000
5,000
100,000
5,000
50,000
Boston & Maine R R 4s, .
Boston & Lowell R R 7s,
Boston & Lowell R R. 6s,
Boston & Lowell R.R 5s,
Boston & Lowell R R 4s,
Boston, Revere Beach & Lynn R R. 6s,
Boston, Winthrop & Shore R R 5s,
Concord & Montreal R R 4s,
Conn. & Passumpsic Rivers R R 7s,
Fitchburg R.R 5s, .
Fitchburg R R . 4s, .
New Bedford R R 7s,
Newport & Richford 5s, .
Old Colony R.R. 7 s,.
Old Colony R R 6 s,.
Old Colony R.R 4 s ,.
Worcester & Nashua R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
$553,000
$54,000
24,500
8,000
2,200
26,000
15,000
54,000
59,000
53,000
54,000
26,000
10,500
13,000
21,000
5,500
106,000
5,500
52,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$50,000
22,000
7,000
2,000
25,000
14,000
50,000
55,000
50,000
50,000
25,000
10,000
13,000
20,000
5,000
100,000
5,000
50,000
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
$589,200 00 $553,000 00
* A legal investment -when made.
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount.
$12,517 56
1 00
25,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4
4*
per cent.
“
“
Rate.
Amount.
Rate,
per cent.
“
6*
“
$718,047 00
20,000 00
6 per cent.
6h
“
Amount.
$175,503 60
50,000 00
187,000 00
5
5%
•
S A Y IN G S B A N K CO M M ISSIO N ERS.
13
Value, by books, of real estate held or owned by foreclosure or otherwise,
$6,640 00
6,800 00
199 15
No. 8 .J
Assessed value of the s a m e ,.............................................................................. .
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 467
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 535
Amount of investments from which no income is received................................
Gross amount of interest or profits received or earned, as per books, dur
647,414 60
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the by-la w s: third Wednesday in June
123,627 10
and December.
Rate and amount of each semi-annual dividend during the j 2 per cent., f
year ending Oct. 31, 1891................................................................i 2 per cent., (
Number of accounts opened during the year ending Oct. 31, 1891,
. 571
Number of accounts closed during the year ending Oct. 31, 1891,
. 427
Total number of open accounts Oct. 31, 1891,
.
.
.
.
5,283
5,000 00
39,421 78
40,475 85
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) , ..................................................................................................
Amount o f deposits, not including dividends, received during the year
4,865 50
ending Oct. 31, 1891........................................................................................................
Number of s a m e , ........................................................................................ 3,447
Amount of withdrawals, including dividends, during the year ending Oct.
285,155 54
31, 1 8 9 1 , .....................................................................................................................
N umber o f s a m e , ........................................................................................2,524
Date of examination by commissioner: September 15.
286,000 37
Com m onw ealth
E ss e x
of
M assa ch u setts.
A n d o v e r , N o v . 10, 1891.
ss .
Personally appeared John F . Kimball, Treasurer of the Andover Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment o f all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
G e o r g e W . F o s t e r , Justice o f the Peace.
A n d o v e r , N o v . 10, 1891.
ss.
Personally appeared Moses Foster, President, and M . T . Stevens, John H . Flint, J.
Tyler Kimball, Peter D . Smith, John Cornell, John L. Smith and Horace H . Tyer,
trustees of said corporation, and severally made oath that the annexed report is cor
rect, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G e o r g e W ., F o st e r , Justice o f the Peace.
14
R E P O R T O F TH E
[Pub. D oc.
ARLINGTON FIVE CENTS SAVINGS BANK —ARLINGTON.
Incorporated April 2, 1860.
W
il l ia m
G . P e c k , President.
J o se p h W . W
Present number o f corporators, 35.
J o se p h W . W
h it a k e r ,
h it a k e r ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W
il l ia m
G. P ec k ,
B. D e l m o n t L o c k e ,
H enry S w an.
Open for business Tuesdays and Fridays, 3 to 5 p . m . ; Wednesdays, 3 to 8
Saturdays, 3 to 9 p . m .
p .m .
;
B alance Sheet , October 31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , .......................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
T ax account,
.
.
.
.
Insurance account,
Cash on hand....................................
L ia b il it ie s .
$201,800 00
21,400 00
186,000 00
15,000
1,000
650,538
51,500
00
00
62
00
30,000
300
9,811
991
382
470
7,164
00
00
76
14
81
00
28
$1,176,358 61
Deposits, .
Guaranty fund,
Interest account,
Protit and loss account, .
Surplus, .
Due on
mortgage
loans,
.
$1,126,183 99
33,987 43
10,024 87
3,509 43
252 89
2,400 00
$1,176,358 61
Cash on Deposit in Bank : —
Faneuil Hall National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,811 76
No. 8 .]
15
S A Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Public Funds.
Par Value.
Town of Aldington, Mass , 6s,
of Arlington, Mass., 5s,
City of Chelsea, Mass , 6s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Cleveland, Ohio, 7s, .
Town of Chatham, Mass , 4|s,
District of Columbia 6s, .
City of Fall River, Mass , 6s, .
of Grand Rapids, Mich., 5s,
County of Hillsborough, N. IL, 6s,.
City of Holyoke, Mass , 6s,
of Lewiston, Me , 5s,
of Lawrence, Mass , 6s, .
Town of Methuen, Mass., 6s, .
City of Middletown, Conn , 7s,
of Nashua, N. I I , 6s,
of Peoria, 111., 7s,
of Portland, Me., 6s,
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 4is,
of Somerville, Mass., 5s, .
of Woburn, Mass., 6s,
of Boston, Mass., 6s,
of Bangor, Me., 6s, .
$ 1,000
2,000
2,000
9,000
12,000
4,000
12,000
3,000
2,000
20,000
10,000
5,000
1,000
6,000
1,000
10,000
3,800
13,000
20,000
16,000
12,000
19,000
9,000
3,000
6,000
1201,800
*
Estimated
Market Value.
$1,000
2,050
2,080
9,630
12,830
4,095
12,400
3,540
2,260
21,385
10,600
5,650
1,150
6,240
1,055
10,700
3,857
15,210
24,000
16,395
12,465
19,475
9,220
3,095
6,330
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
1216,712 00
Amount Invested.
$1,000
2,000
2,000
9,000
12,000
4,000
12,000
3,000
2,000
20,000
10,000
5,000
1,000
6,000
1,000
10,000
3,800
13,000
20,000
16,000
12.000
19,000
9,000
3,000
6,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
$201,800 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
50
22
25
1G
33
12
12
Par Value.
Continenta‘1 N’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
First Ward N’l Bank, Boston, .
N ’l B’k of No-. America, Boston,
N’ l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Union Bank, Boston,
Dedham Nat’l Bank, Dedham,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
5,000
2,200
2,500
1,000
3,300
1,200
1,200
$21,400
Estimated
Market Value.
$6,525
7,106
2,860
3,087
1,270
5,280
1,683
1,236
00
25
00
50
00
00
00
00
$29,047 75
Amount Invested.
$5,000
5,000
2,200
2,500
1,000
3,300
1,200
1,200
00
00
00
00
00
00
00
00
$21,400 00
[Pub. D oc
R E P O R T O F TH E
16
Detailed Statement o f Railroad Bonds.
Boston & Alban}7 R R 6s,
Boston,Revere Beach & Lynn R.R. 6s,
Boston & Lowell R R. 6s,
Boston, Clinton, Fitchburg & New
Bedford os, .
Boston, Barre & Gai’dner R R 7s, .
Conn. &Passumpsic Rivers R.R. 7s,
Eastern R R 6s,
Fitchburg R.R 6s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 7s,
New Bedford R.R. 7s,
Nashua & Lowell R R 6s,
Newport & Richford R R. 5s, .
Old Colony R.R 6 s,.
Old Colony R.R. 4 s ,.
Portland & Ogdens burg R R 6s,
Salem and Lowell R R. 6s,
Vermont & Massachusetts R.R. 5 s,.
Cheshire R R. 6s,
$15,000
10,000
4,000
Amount Invested.
$15,750 00
10,800 00
4,240 00
$15,000 00
10,000 00
4,000 OO
2,200
1,010
21,420
6,682
8,480
1,085
15,330
3,165
8,160
21,000
1,080
30,300
4,480
1,100
10,550
30,800
2,000
1,000
21,000
5,500
8,000
1,000
14,000
3,000
8,000
20,000
1,000
30,000
4,000
1,000
10,000
27,500
$186,000
*
Estimated
Market Value.
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
$197,632 50
2,000
1,000
21,000
5,500
8,000
1,000
14,000
3,000
8,000
20,000
1,000
30,000
4,000
1,000
. 10,000
27,500
00
00
OO
00
00
00
00
00
00
00*
00
00
00
00
00
00
$186,000 00
A legal investment when made.
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
$9,811
16,000
9,000
92,810
76
00
00
36
3 per cent.
4
“
4è
“
5
Amount.
$22,125
20,000
195,700
351.353
00
00
00
26
Rate.
Amount.
5^ per cent.
5|
“
H
“
6
“
$6,000
1,000
16,650
1,700
00
00
00
00
Rate.
6^ per cent.
“
7
8
64
Amount invested in real estate for banking p u r p o se s,........................................$15,000 00
Estimated value o f the s a m e , ...............................................................................
25,000
Assessed value of the s a m e ,.........................................................................................
20,020
Net income received from same during year ending Oct. 31, 1891,
.
.
987
Value, by books, of other real estate, held or owned by foreclosure or
o t h e r w i s e ,.....................................................................................................................
1,000
Assessed value of the s a m e ,........................................................................................
5,500
Number of loans which are of an amount not exceeding $3,000 each, 324
Aggregate amount of the same......................................................................................
Total number of loans upon real e s t a t e , ................................................. 378
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891.....................................................................................
Times for the dividends fixed by the b y-la w s: first Saturday in January
and July.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
77
00
00
336,310 13
54,840 72
N o. 8 .]
SA V IN G S B A N K
CO M M ISSION ERS.
Rate and amount of each semi-annual dividend during the 1 2 per
year ending Oct. 31, 1891................................................................1 2 per
Number of accounts opened during the year ending Oct. 31, 1891,
Number of accounts closed during the year ending Oct. 31, 1891,
Total number of open accounts Oct. 31, 1891,
.
.
.
.
17
cent., f $20,769 89
cent., 1
21,141 76
. 402
. 282
3,605
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ........................................................................................ 3,549
3,952 48
190,380 37
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .....................................................................................................................
Number of s a m e , ........................................................................................ 2,134
198,890 14
Date of examination by commissioner : February 6.
Co m m o n w e a lth
M id d l e s e x ,
of
M assa ch u setts.
A r l in g t o n , N ov . 14, 1891.
ss .
Personally appeared Joseph W . Whitaker, Treasurer of the Arlington Five Cents
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a
true and correct statement o f all the resources and liabilities of said institution, and
that the answers made by him to the foregoing interrogatories contain the whole truth
in reference to the matters to which they relate, according to his best knowledge and
belief.
Before me,
W i l l i a m H . H . T u t t l e , Justice o f the Peace.
M id d l e s e x ,
A r l in g t o n , N ov . 14, 1891.
ss .
Personally appeared W illiam G. Peck, President, and Henry Swan, Henry J. Locke,
James A . Bailey, George Hill, B . Delmont Locke and Geo. Y . Wellington, trustees of
said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
W
il l ia m
H . H . T u t t l e ^Justice o f the Peace.
18
[Pub. D oc
R E P O R T O F TH E
ATHOL SAVINGS BANK — ATHOL.
Incorporated Feb. 12, 1867.
Present number o f corporators, 32.
G e o . T . J o h n so n , Vice-President.
A l p h e u s H a r d i n g , Treasurer.
W i l l i a m D . L u e y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A l p h e u s H a r d in g ,
S olon W . L e e ,
Ja m e s M . L e e ,
H e n r y R . St o w e l l ,
L u c ie n L o r d .
Open for business every business day, 9
a .m .
to 3
p .m .
B alance Sheet , October 31, 1891.
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
$37,500
9,800
36,950
65,000
995,264
403,846
00
00
00
00
74
00
30,900
73,530
1,483
1,264
00
09
09
30
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,655,538 22
$1,544,871 54
57,000 00
24,894 30
28,772 38
$1,655,538 22
Cash on Deposit in Banks, amount in each: —
Holyoke National Bank, H o l y o k e , ...........................................................
City National Bank, Holyoke,
.
.
.
.
.
.
.
Athol National Bank, A th o l,...............................................................................
Miller’s River National Bank, A t h o l , ...........................................................
National Bank of the Commonwealth, Boston..............................................
$15,000
15,000
15,000
27,625
904
00
00
00
38
$2,100
800
450
4,500
15,000
1,700
5,000
3,000
400
4,000
00
00
00
00
00
00
00
00
00
00
71
Loans on Bank Stock, amount on each : —
On
On
On
On
On
26 shares Athol National Bank, Athol.......................................................
10 shares Athol National Bank, A t h o l , .................................................
8 shares Athol National Bank, A t h o l , ..................................................
50 shares Safety Fund National Bank, Fitchburg.................................
150 shares Springfield Safe Deposit and Trust Company, Springfield,
On 20 shares Third National Bank, Boston.....................................................
On 50 shares Home National Bank, B r o c k t o n ,........................................
On 34 shares National Bank of the Republic, Boston, .
.
.
.
On 10 shares Athol National Bank, A t h o l , .................................................
On 50 shares Boston Safe Deposit and Trust Company, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
19
Detailed Statement o f Public Funds.
Par Value.
1
Town of Hyde Park, Mass., 4s,
City of Lynn, Mass , 6s, .
Town of Meriden, Conn., 6s, .
City of Newton, Mass. 5s,
Town of Watertown, Mass., 4s,
United States 6s,
. . .
$3,000
5.000
4.000
10,000
5,500
10,000
$37,500
Estimated
Market Value.
$3,000
5,400
4,240
11.700
5,500
11.700
Amount Invested.
00
00
00
00
00
00
$41,540 00
$3,000
5.000
4.000
10,000
5,500
10,000
00
00
00
00
00
00
$37,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
11
10
50
27
Par Value.
Estimated
Market Value.
$ 1 ,1 0 0
1 ,0 0 0
$ 1 ,1 0 0 0 0
1 ,2 2 0 0 0
$ 1 ,1 0 0 0 0
1 ,0 0 0 0 0
5,000
2,700
5,150 00
4,995 00
5,000 00
2,700 00
$9,800
$12,465 00
$9,800 00
Blackstone Nat’l Bank, Boston,
Eliot National Bank, Boston, .
National Eagle Bank, Boston,
Miller’s River N ’l B’k, Athol,
Amount Invested.
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Amount Invested.
$25,000
20,000
20,000
$25,500 00
19,490 00
21,700 00
$25,000 00
20,000 00
20,000 00
$65,000
$66,690 00
$65,000 00
Par Value.
Boston and Providence R.R. 4s,
Fitchburg R.R. 4s, .
Vermont & Massachusetts R.R. 5s,
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$28,530 09
8.400 00
26,500 00
Rate.
2J per cent.
3£
“
4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$39,000 00
25,000 00
1,012,423 39
Rate.
Amount.
4J per cent.
$54,500 00
83,500 00
262,637 35
5^
Eate.
à i
6
per cent.
“
“
20
R E P O R T O F TH E
[Pub. D oc.
Number of loans which are o f an amount not exceeding $3,000 each, 372
Aggregate amount of the s a m e , ...............................................................................$385,811 88
Total number of loans upon real e s t a t e , ................................................. 468
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1891.............................................................................................
Times for dividends fixed by the by-laws ¡ January 1 and July 1.
Rate and amount o f each semi-annual dividend during the 1 2 per cent., j
year ending Oct. 31, 1891,............................................... J2 per cent., j
Number of accounts opened duringthe year ending Oct. 31, 1891,
. 721
Number o f accounts closed duringthe year ending Oct. 31, 1891,
. 677
Total number of open accounts Oct. 31, 1891,
.
.
.
.
4,585
Total expenses o f the corporation for the year ending Oct. 31, 1891
(exclusive of taxes).......................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ................................................................................3,059
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ...........................................................................................................
Number of s a m e , ................................................................................2,647
Date of examination by commissioner: April 16.
Com m onw ealth
W
of
80,429 45
28,806 67
29,423 62
4,139 38
252,523 59
253,251 29
M assa ch u setts.
N ov. 2, 1891.
o r c e s t e r , ss .
Personally appeared Alpheus Harding, Treasurer of the Athol Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
W
E. V. W
il s o n ,
Justice o f the Peace.
N ov . 3, 1891.
o r c e s t e r , ss .
Personally appeared Geo. T . Johnson, Vice-President, and Lucien Lord, O. T . Brooks,
Geo. D . Bates, Solon W . Lee and C. F. Richardson, trustees o f said corporation, and
severally made oath that the annexed report is correct, according to their best knowl
edge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
E. V. W
il s o n ,
Justice o f the Peace.
N o. 8 .]
21
SA Y IN G S B A N K CO M M ISSION ERS.
ATTLEBOROUGH SAVINGS BANK — NORTH
ATTLEBOROUGH.
Incorporated Feb. 2, 1860.
A
b ie l
Present number o f corporators, 39.
C o d d in g , President.
E d w a r d R . P r i c e , Treasurer.
E d w a r d R . P r ic e , Clerk o f th e Corporation.
Names o f committee charged with the investment of its funds:
G eo. A . D ean,
J o se p h G . B a r d e n ,
A b ie l C o d d in g ,
B . S. F r e e m a n ,
R
andolph
K napp,
J. R . B ro n son ,
J. L . S w e e t .
Open for business every business day, 9
a .m .
to 3
p .m .
B alance Sheet , October 31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loan on railroad stocks, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)............................................
Deposit in bank, on interest,
Expense account,
L ia b il it ie s .
$29,000
11,100
1,000
50.500
37.500
28,319
467,816
260,279
00
00
00
00
00
56
00
90
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$928,485 80
38,800 00
4,2C0 28
20,205 61
82.500 00
23,429 33
246 90
$991,691 69
$991,691 69
Cash on Deposit in Bank : —
Boston National Bank, B o s t o n , .............................................................................. $23,429 33
Loan on Bank Stock: —
On 10 shares North Attleborough National Bank, North Attleborough,
.
$1,000 00
Loan on Railroad Stock: —
On 308 shares Boston & Maine Railroad,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
................................................. $37,500 00
22
[Pub. D oc.
R E P O R T O F TH E
Detailed Statement o f Public Funds.
Estimated
Market Value.
Amount Invested.
$20,000
9,000
$20,118 00
9,771 30
$20,000 00
9,000 00
$29,000
$29,889 30
$29,000 00
Par Value.
Town of Attleborough, Mass , 4s, .
of Brookline, Mass., 5 s,.
No. of
Shares.
Detailed Statement o f Bank Stocks.
61
50
Par Value.
First Nat’l Bank, Attleborough,
Boston Nat’l Bank, Boston, .
Estimated
Market Value.
Amount Invested.
$6,100
5,000
$8,540 00
5,600 00
$6,100 00
5,000 00
$11,100
$14,140 00
$11,100 00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Amount Invested.
$25,000
25,000
$24,280 00
26,325 00
$23,750 00
26,750 00
$50,000
$50,605 00
$50,500 00
Par Value.
Fitchburg R R. 4s, .
Fitchburg R.R. 5s, .
Total Amount of Loans with Each Specified Rate o f Interest.
Amount.
$23,429 33
55.000 00
143,767 90
Kate.
Amount.
Kate.
Amount.
2 per cent.
4è
“
5
“
$74,500 00
17,000 00
25,000 00
5 i per cent.
5|
»
5|
“
$529,578 00
4,250 00
Rate.
6 per cent.
7
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each,. 299
$28,319 56
23,000 00
3,036 81
Aggregate amount o f the same,
.
.
.
.
Total number of loans upon real estate,
.
.
.
.
.
293
Gross amount of interest or profits received or earned, as per books, during
288,253 90
year ending Oct. 31, 1 8 9 1 , ........................................................................................
50,844 59
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Federal Reserve Bank of St. Louis
No. 8 .]
S A Y IN G S B A N K CO M M ISSION EBS.
23
Times for the dividends fixed by the b y-la w s: Tuesday after second
Monday in April and October.
Rate and amount of eachsemi-annual dividend during the i 2
per cent., r $17,541
year ending Oct. 31, 1 8 9 1 , ......................................................J 2£ per cent., j
21,869
Number o f accounts opened during the year ending Oct. 31, 1891,
554
Number of accounts closed during the year ending Oct. 31, 1891,
533
Total number of open accounts Oct. 31, 1891,
.
.
.
.
3,042
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , ..............................................................................
3,290
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
199,913
Number o f same, .
.....................................................................3,033
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , .......................................................................................
230,085
Number o f s a m e , ........................................................................................ 2,369
Date of examination by commissioner : March 20.
Comm onw ealth
B r is t o l ,
of
02
10
13
54
59
M assa ch u setts.
N ov. 14, 1891.
ss .
Personally appeared Edward R . Price, Treasurer of the Attleborough Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of .said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
B r is t o l ,
ss .
E u g e n e O’B r i e n , Justice o f the Peace.
N ov . 16, 1891.
Personally appeared Abiel Codding, President, and S. E . Fisher, R . Knapp, Burrill
Porter, Jr., E . I. Franklin and A . E . Codding, trustees o f said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
E u g e n e O ’B r i e n , Justice o f the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. D oc
R E P O R T O F TH E
24
BARRE SAVINGS BANK — BARRE.
Incorporated May 1, 1869.
Present number of corporators, 46.
C h a s . B r im b l e c o m , President.
F r a n k A . R i c h , Treasurer.
F r a n k A . R i c h . Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C h a s . B r im b l e c o m ,
O r a m e l Cl a r k ,
J. H e n r y G o d d a r d ,
J. C. B a r t h o l o m e w ,
E stes H a w e s .
Open for business every business day, except Saturdays, 9
Saturdays, 9 a . m . to 12 m .
a .m .
to 12
m.
; 1 to 4
p .m .
;
B alance Sheet , October 31, 1891.
L ia b il it ie s .
A sskts.
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Suspense account,
$90,166
2,000
6,060
705
239,851
97,236
16,000
3,005
557
14
00
00
00
00
67
15
00
26
85
62
$455,596 55
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
.
$430,615 63
10,650 00
4,740 51
9,590 41
$455,596 55
Cash on Deposit in Bank : —
First National Bank, B a r r e ,........................................................................................$19,005 26
Loans on Bank Stock, amount on each: —
On 20 shares First National Bank, Barre..................................................................$1,500 00
On 7 shares First National Bank, Barre,
.
........................................
500 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
25
No. of
Shares.
Detailed Statement o f Bank Stocks.
55
42
62
20
17
25
41
32
46
25
9
34
20
30
60
50
7
52
21
50
20
Par Value.
First National Bank, Barre, .
Blackstone Nat’lBank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot Nat’l Bank, Boston,
First National Bank, Boston, .
N’l Bank of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Second Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Market Bank, Brighton,.
Ware National Bank, Ware, .
Central Nat’l Bank, Worcester,
Citizens’ N’l Bank, Worcester,
City Nat’l Bank, Worcester, .
First Nat’l Bank, Worcester, .
Estimated
Market Value.
$5,500
4,200
6,200
2,000
1,700
2,500
4,100
3,200
4,600
2,500
900
3,400
2,000
3,000
6,000
5,000
700
5,200
2,100
5,000
2,000
$71,800
$5,665
4,200
6,944
2,580
2,210
3,050
9,840
4,096
5,842
3,100
954
6,290
1,860
3,180
6,120
4,850
805
7,696
2,667
7,250
3,600
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Ò0
00
00
$92,799 00
Amount Invested.
$6,325
4,305
7,130
2,260
1,802
2,950
8,118
3,616
5,520
2,900
1,035
5,100
1,900
3,450
6,360
7,050
840
7,280
2,625
6,300
3,300
00
00
00,
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$90,166 00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Amount Invested.
$5,000
1,000
$6,200 00
1,000 00
$5,200 00
860 00*
$6,000
$7,200 00
$6,060 00
Par Value.
Eastern R.R. 6s,
Rutland R.R. 5s,
.
.
.
.
.
.
*
A legal investment when made.
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$16,000 00
16,875 00
Kate.
Amount.
2£ per cent.
5
$70,500 00
89,550 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Kate.
per cent.
54
“
Amount.
$6,200 00
155,962 82
Rate.
5| per cent.
6
26
R E P O R T O F TH E
[Pub. D oc.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the same.............................................................................................
Net income received from same during year ending Oct. 31, 1891,
.
.
Number of loans which are of an amount not exceeding $3,000 each,
80
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................ 96
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1891..............................................................................................
Times for the dividends fixed by the by-laws : January 15 and July 15.
Rate and amount of eachsemi-annual dividend during the 1
per cent., f
year ending Oct. 31, 1891,
.
.
.
.
.
.
.I 2| per cent., I
Number of accounts opened during the year ending Oct. 31, 1891,
. 195
Number of accounts closed during the year ending Oct. 31, 1891,
. 103
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,263
Total expenses o f the corporation for the year ending Oct. 31, 1891
(exclusive of taxes)........................................................................................
1,874
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of same........................................................................................................ 818
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , .............................................................................................
47,628
§705 00
1,325 00
15 00
84,862 13
21,324 30
8,271 19
8,651 56
53
78,910 60
43
Number o f s a m e , .................................................................................................. 577
Date of examination by commissioner: September 29.
Com m onw ealth
W
of
M a s sa c h u s e t t s .
N ov . 18, 1891.
orcester, ss.
Personally appeared Frank A . Rich, Treasurer of the Barre Savings Bank, and made
oath that the foregoing statement, by him subscribed, is a true and correct statement o f
all the resources and liabilities of said institution, and that the answers made by him to
the foregoing interrogatories contain the whole truth in reference to the matters to
which they relate, according to his best knowledge and belief.
Before me,
W
P l i n y H . B a b b i t t , Justice o f the Peace.
N ov . 18, 1891.
o r c e s t e r , ss .
Personally appeared Charles Brimblecom, President, and John C. Bartholomew,
Frederick W . Jenkins, Oramel Clark, Estes Hawes and John W . Rice, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
P l i n y H . B a b b i t t , Justice o f the Peace.
No. 8 .]
27
SA V IN G S B A N K CO M M ISSION ERS
BASS RIVER SAVINGS BANK — SOUTH YARMOUTH.
Incorporated April 15, 1874.
Present number of corporators, 34.
H i r a m L o r in g , President.
D a v id D . K e l l e y , Treasurer.
H i r a m D . L o r in g , Clerk o f the Corporation.
Names of committee charged with the investment o f its funds :
H ir a m L o r in g ,
O b e d B a k e r , 3d,
R lssell D . F a r r is ,
D a v id K e l l e y ,
S t e p h e n W in g ,
P eleg P. A k in .
Open for business every business day, 2 to 4 p. m .
B alance
Sh ee t, O ctober
31,1891.
A ssets .
L iab ilit ies .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Stock of Sagamore Manufacturing C o .,* .......................................
Stock of Border City Manufacturing Co.,*
.
.
.
.
Cash on hand,
.
$59,792
82,016
900
41,150
5,485
203,091
183,930
85
35
00
00
11
27
61
Deposits, .
Guaranty fund,
Profit and loss
count, .
ac2,081 32
12,300 00
200 00
5,218 64
5,208 28
5,209 40
3,778 81
$608,281 32
*
$593,050 25
13,149 75
$608,281 32
Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Manufacturers’ National Bank, Boston,
.
.
.
.
Maverick National Bank, B o ston ,.................................................
International Trust Company, B o sto n ,.......................................
First National Bank, H y a n n i s , .................................................
$630 16
2,271 89
1,166 20
1,150 39
Loan on Bank Stock : —
On 16 shares First National Bank, Yarmouth,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$900 00
28
R E P O R T O F TH E
[Pub. Doc,
Detailed Statement o f Public Funds.
Par Value.
City of Providence, R. I., 5s.
of Columbus, Ohio, 4s,
of Boston, Mass., 4s,
of Lowell, Mass., 4s,
Town of Beverly, Mass., 4s,
of Clinton, Mass., 4s,
of Spencer, Mass., 4s,
*A
.
.
.
.
.
Estimated
Market Value.
$10,000
10,000
10,000
8,000
5.000
5.000
10,000
$10,500
10.400
10.400
8,320
5.200
5.200
10.400
$58,000
$60,420 00
00
00
00
00
00
00
00
Amount Invested.
$11,442
10,000
10,000
8,000
5.000
5.000
10,350
85
00*
00
00
00
00
00
$59,792 85
legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
30
30
8
20
63
21
50
55
24
12
50
13
56
7
49
15
10
50
50
73
25
Par Value.
Atlas National Bank, Boston, .
Boston National Bank, Boston,
Blackstone Nat’l Bank. Boston,
Citizens’ N’l B’k,New Bedford,
Everett Nat’l Bank, Boston, .
National Eagle Bank, Boston,
Nat’ l Exchange Bank, Boston,
Faneuil Hall N’l Bank, Boston,
First Nat’l Bank, New Bedford,
First Nat’l Bank, Yarmouth, .
Manufacturers’ N’l B’k, Boston,
Market National Bank, Boston,
Merchants’ N’l Bank, Boston,
Old Boston N’l Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston,
Suffolk National Bank, Boston,
N’l B’k of Redemption,Boston,
N’l B’k of the Republic, Boston,
Tremont Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,000
3,000
800
2,000
6,300
2,100
5,000
5,500
2,400
1,200
5,000
1,300
5,600
700
4,900
1,500
1,000
5,000
5,000
7,300
2,500
$71,100
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
50
00
00
00
00
00
$3,660 00
3,270 00
800 00
2,000 00
6,615 00
2,205 00
5,927 00
6,765 00
2,400 00
1,508 67
5,241 00
1,300 00
7,280 00
756 00
6,738 00
1,770 00
1,000 00
6,500 00
5,749 88
7,780* 00
2,750 00
$91,382 25
$82,015 55
$3,645
3,360
800
2,560
6,489
2,163
6,800
7,810
3,600
1,692
5,075
1,300
8,372
827
9,065
1,817
1,060
6,350
8,000
7,446
3,150
No. 8 .]
SA V IN G S B A N K C O M M IS S IO N E D .
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R R , 4s, .
Fitchburg R R., 4^s,.
Netv Bedford R.R 7s,
Old Colony R R. 6s,.
Old Colony R R 7s,.
Vermont and Massachusetts R R. 5s,
Estimated
Market Value.
$20,000
5.000
3.000
3.000
4.000
5.000
$18,800
5,950
3.150
3.150
4,200
5,275
00
00
00
00
00
00
$40,000
$40,525 00
,
._
. ,
Amount Invested.
$20,600
5.000
3.000
3.000
4.000
5,550
00
00
00
00
00
00
$41,150 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$4,588 48
630 16
15,154 11
Rate.
Amount.
Rate.
Amount.
2£ per cent.
3
4i
“
$13,000 00
116,800 00
84,375 00
4| per cent.
5
5k
“
$166,817 77
4,275 00
Rate-
6 per cent.
7
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1891,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 288
Aggregate amount of the s a m e , ........................................................... .........
•
Total number of loans upon real e s t a t e , ................................................. 178
Amount of investments from which no income is received.................................
Gross amount o f interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend during the) 2 per cent., r
year ending Oct, 31, 1891, .
.
.
.
.
.
. 1 2 per c en t.,}
Number of accounts opened during the year endingOct. 31, 1891,
. 264
Number of accounts closed during the year ending Oct.31, 1891,
. 154
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,067
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of ta x e s),............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891............................................................................................. ..........
Number of s a m e , ................................................................................1,006
Amount o f withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ................................................................................1,016
Date of examination by commissioner: June 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,485 11
6,500 00
130 15
146,021 88
4,494 11
27,600 00
10,974 32
11,317 07
2,467 49
94,495 82
97,365 78
30
R E P O R T O F TH E
C omm onw ealth
B ar n sta ble,
ss .
of
[Pub. D oc.
M assach u setts.
N ov . 16, 1891.
Personally appeared David D. Kelley, Treasurer of the Bass River Savings Bank, and
made affirmation that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
H e n r y G. C r o w e l l , Justice o f the Peace.
B arn stable,
ss .
N o v . 16, 1891.
Personally appeared Hiram Loring, President, and Peleg P. Akin, Russell D . Farris,
Stephen W ing, David Kelley and Obed Baker, 3d, trustees o f said corporation, and
severally made oath or affirmation that the annexed report is correct, according to their
best knowledge and belief.
Before me,
H e n r y G. C r o w e l l , Justice o f the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
31
SA V IN G S B A N K CO M M ISSION ERS.
BELMONT SAVINGS BANK — BELMONT.
Incorporated March 5, 1885.
Present number of corporators, 42.
J. V a r n u m F l e t c h e r , President.
W
in t h r o p
L . C h e n e r y , Treasurer.
T h o m a s W . D a y i s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
J. V
arnum
F letcher,
G u sta v u s C. H o l t ,
J. Lucius E l l i s ,
F r e d e r ic D o d g e ,
T homas D . B l a k e .
Open for business Wednesdays, 4 to 6 and 7 to 8
B alance
Sh ee t, O ctober
31, 1891.
L ia b ilit ie s .
A ssets .
Loan on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.
p .m .
$1,500
5,038
9,000
47,200
2,050
3,626
1
823
00
37
00
00
00
46
60
67
$69,240 10
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$67,553 49
480 00
924 03
282 58
$69,240 10
Cash on Deposit in Bank : —
Faneuil Hall National Bank, Boston...........................................................................$3,626 46
Loan on Public Funds : —
On $2,000 Danbury, Conn., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,500 00
R E P O R T O F TH E
32
[Pub. Doc,
No. of
Shares.
Detailed Statement o f Bank Stocks.
4
5
3
3
2
5
10
4
10
Par Value.
Blackstone Nat’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
South End Nat’l Bank, Boston,
Third National Bank, Boston,.
Traders’ Nat’ l Bank, Boston, .
Howard Nat’l Bank, Boston, .
$400
500
300
300
200
500
1,000
400
1,000
$4,600
Estimated
Market Value.
Amount Invested.
$400
710
300
372
200
501
1,066
400
1,105
$425
712
319
361
214
500
995
390
1,120
00
62
38
00
00
25
25
00
00
$5,055 50
00
50
50
50
25
00
62
00
00
$5,038 37
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R R. 5s, .
.
.
Boston <fc Maine R R. 7s, .
.
Estimated
Market Value.
Amount Invested.
$5,000
4,000
$5,325 00
4,100 00
$5,000 00
4,000 00
$9,000
$9,425 00
$9,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$3,626 46
1,500 00
Bate.
3 per cent.
4
Amount.
Kate.
$14,900 00
6,050 00
5 per cent.
54
“
Amount.
$28,050 00
250 00
Kate.
6 per cent.
7
Number of loans which are o f an amount not exceeding $3,000 each,
39
Aggregate amount of the s a m e , ...............................................................................$45,550 00
Total number of loans upon real e s t a t e , ................................................. 35
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ...............................................................................
Times for the dividends fixed by the by-laws : third Wednesday in January
and July.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ........................................................... J2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891, .
71
Number of accounts closed during the year ending Oct. 31, 1891,
.
21
Total number of open accounts Oct. 31, 1 8 9 1 , ........................................414
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes),
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
...................................................................................................
3,260 64
1,003 83
1,176 98
158 76
No. 8 .]
S A Y IN G S B A N K COM M ISSION ERS.
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number o f s a m e , ................................................................................................468
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1891....................................................................................................................
33
$21,536 75
11,419 04
Number of s a m e , ................................................................................................ 143
Date of examination by commissioner: January 26.
C om m onw ealth
M id d l e se x ,
of
M a s sa c h u s e t t s .
N ov. 9, 1891.
ss .
Personally appeared Winthrop L. Chenery, Treasurer of the Belmont Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
M e r t o n S im o n d s , Justice o f the Peace.
N ov. 9, 1891.
ss .
Personally appeared J. Varnum Fletcher, President, and James E . Locke, J. 0 .
Wellington, Chandler Robbins, Thomas D. Blake and J. W illard Hill, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
M e r to n S im o n d s , Justice o f the Peace.
34
R E P O R T O F TH E
[Pub. D oc
BENJAMIW FRANKLIN SAVINGS BANK — FRANKLIN.
Incorporated Feb. 1, 1871.
Present number of corporators, 40.
D a v is T h a y e r , Jr., President.
C h a r l e s W . S t e w a r t , Treasurer.
C h a r l e s W . S t e w a r t , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
D a v is T h a y e r , Jr.,
J o se p h G. P a y ,
J a m e s P. R a y ,
J a m e s M. F r e e m a n ,
E. H. Sherm an,
A . A. F letcher,
A . H . M o r se .
Open for business every business day, 9 to 12
Balance
Sh eet, October
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loan on railroad bonds,
Loan on railroad stocks, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, not on interest,
Expense account,
F u r n itu r e ,.......................................
Cash on hand,
.
.
.
.
a .m .
; 1 to 4
p .m .
31, 1891.
L iab ilities .
$1,815
45,566
20,000
10,075
10,000
10,000
5,563
186,663
126,834
00
77
00
00
00
00
15
50
31
15,000
223
610
968
1,404
00
62
35
68
60
$434,724 98
Deposits, .
Guaranty fund,
Interest account,
$405,122 97
16,691 60
12,910 41
$434,724 98
Cash on Deposit in Banks, amount in each : —
Franklin National Bank, F r a n k l i n , ................................................................... $142 79
Maverick National Bank, Boston.................................................................................
23 56
Traders’ National Bank, B o s t o n , .............................................................................
26 42
International Trust Company, B o s t o n ,...................................................................
30 85
Loan on Bank Stock : —
On 200 shares Fourth National Bank, B o s t o n , ................................................ $20,000 00
Loan on Railroad Bonds : —
On $12,000 Upper Coos (N . H.) R . R . , ................................................................... $10,000 00
Loan on Railroad Stock: —
On 67 shares Boston & Maine R . R . , ....................................................................$10,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
35
Detailed Statement o f Public Funds.
City of Bath, Me., 6s,
*
Par Value.
Estimated
Market Value.
Amount Invested.
$2,000
$2,160 00
$1,815 00*
A legal investment when made.
îio. of
Shares.
Detailed Statement o f Bank Stocks.
14
5
27
70
75
30
25
9
10
15
16
8
31
23
12
Par Value.
Columbian Nat’l Bank, Boston,
Continental N’l Bank, Boston,
N’l B’k of Commerce, Boston,
Eliot National Bank, Boston, .
Franklin Nat’l Bank, Franklin,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Market Nat’l Bank, Boston,
N’l B’k of No. America, Boston,
National Revere Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Wrentham N’l B’k, Wrentham,
$1,400
500
2,700
7,000
7,500
3,000
2,500
900
1,000
1,500
1,600
800
3,100
2,300
840
$36,640
Estimated
Market Value.
$1,498
650
3,442
8,540
9,000
3,600
2,762
1,116
1,000
1,852
1,696
744
3,162
2,737
960
00
00
50
00
00
00
50
00
00
50
00
00
00
00
00
$42,760 50
Amount Invested.
$1,845
620
3,456
8,887
8,932
3,790
2,902
1,032
1,100
1,680
1,776
1,137
3,902
3,266
1,239
00
00
00
50
65
00
50
75
00
00
00
00
37
00
00
$45,566 77
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 4^s, .
$10,000
Estimated
Market Value.
Amount Invested.
$10,100 00
$10,075 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
Kate.
Amount.
Kate.
Amount.
Rate.
$105,000 00
73,400 00
5 per cent.
5è
“
$15,000 00
5f per cent.
$175,047 81
6 per cent.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R E P O R T O F TH E
36
[Pub. D oc.
$5,563 15
Value, by books, of real estate held or owned by foreclosure or otherwise,
7,160 09
Assessed value of the same.............................................................................................
236 34
Net income received from same during year ending Oct. 31, 1891,
Number o f loans which are of an amount not exceeding $3,000 each, 247
165,947 81
Aggregate amount of the s a m e , .............................................................................
Total number of loans upon real e s t a t e , ................................................ 203
Gross amount of interest or profits received or earned, as per books, dur
25,611 22
ing year ending Oct. 31, 1 8 9 1 , .............................................................................
Times for the dividends fixed by the b y -la w s: first Monday in January
and July.
7,280 96
Rate and amount of each semi-annual dividend during the •> 2 per cent., r
7,452 92
year ending Oct. 31, 1 8 9 1 , .......................................................... j 2 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
. 319
Number of accounts closed during the year ending Oct. 31, 1891,
. 243
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,707
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
2,045 99
clusive of t a x e s ) ,..........................................................................................................
Amount of deposits, not including dividends, received during the year
96,309 73
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number o f s a m e , ................................................................................................. 1,450
Amount o f withdrawals, including dividends, during the year ending Oct.
90,492 97
31, 1891...............................................................................................................................
Number of s a m e , ................................................................................................. 1,010
Date of examination by commissioner: January 2.
.
Co m m o n w e a l t h
N orfolk,
of
M assa ch u setts.
N o v . 13, 1891/
ss .
Personally appeared Charles W . Stewart, Treasurer of the Benjamin Franklin Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
N orfolk,
J a m e s M . F r e e m a n , Justice o f the Peace.
N ov . 13, 1891.
ss .
Personally appeared Davis Thayer, Jr , President, and Charles Stewart, E . P. Chap
man, C. P. Carter, Joseph G. Ray, E . H . Sherman and Henry R . Jenks, trustees of said
corporation, and severally made oath that the annexed report is correct, according t&
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J a m e s M . F r e e m a n , Justice o f the Peace.
No. 8 .]
37
SA V IN G S B A N K CO M M ISSION ERS.
BERKSHIRE COUNTY SAVINGS B A N K —PITTSFIELD.
Incorporated Feb. 2, 1846.
Present number of corporators, 39.
J o se p h T u c k e k , President.
W
il l ia m
R o b e r t W . A d a m , Treasurer.
L. A d a m , Clerk o f the Corporation.
Names of committee charged with the investment of its fu n d s:
J a b e z L. P e c k ,
R obert W . A d am ,
W
C harles W . K ellogg.
il l ia m
H . Sloan,
Open for business every business day, 9
Balance
Sh e e t , O cto b er
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,.......................................
Deposit in bank, on interest,
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.
a .m .
to 3
p .m .
31, 1891.
L ia b ilit ies .
$863,500
154,200
29,365
97,500
4,100
1,352,402
271,650
00
00
00
00
00
00
00
67,250
8,718
38,351
2,491
987
00
39
33
35
44
$2,890,515 51
Deposits, .
Guaranty fund,
Profit and loss
count, .
$2,771,891 66
90,000 00
ac
28,623 85
$2,890,515 51
Cash on Deposit in Banks, amount in each : —
Agricultural National Bank, Pi ttsfi el d, .
.
.
.
.
.
.
.
$19,223 25
Pittsfield National Bank, P i t t s f i e l d , .....................................................................
19,128 08
National Revere Bank, B o s t o n , .............................................................................. 8,718 39
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. D oc.
R E P O R T O F TH E
38
Loans on Bank Stock, amount on each : —
$1,600
1,200
2,200
2,000
2,000
5.000
On 20 shares Pittsfield National Bank, Pittsfield,
On 12 shares Pittsfield National Bank, Pittsfield,
On 24 shares Pittsfield National Bank, Pittsfield,
On
On
On
On
On
On
On
20
30
50
60
15
75
10
shares
shares
shares
shares
shares
shares
shares
Pittsfield National Bank, Pittsfield,
Pittsfield National Bank, Pittsfield,
Pittsfield National Bank, Pittsfield,
Third National Bank, Pittsfield,
Third National Bank, Pittsfield,
Third National Bank, Pittsfield,
Lenox National Bank, L e n o x ,.
00
00
00
00
00
00
6.000 00
1,365 00
7,500 00
500 00
Loans on Railroad Bonds, amount on each: —
On $4,000 Boston & Albany R .R . 7 s , ..................................................................... $3,800 00
On $2,000 Boston & Lowell R .R . 7 s , .....................................................................
300 00
Detailed Statement o f Public Funds.
Par Value.
United States 4s,
. . .
United States 6s,
Town of Adams, Mass., 6s,
City of Bath, Mo., 6s,
of Boston, Mass., 4s,
of Boston, Mass , 3Js,
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
ot East Providence, R. 1 , 5s, .
Town of Framingham, Mass., 4s, .
City of Keene, N. H., 4s,.
of Lowell, Mass., 4s.,
Town of Marlborough, Mass., 4s, .
City of Milwaukee, Wis., 7s, .
of Pawtucket, R. I , os, .
of Peoria, 111., 4s,
Town of Pittsfield, Mass., 4s, .
City of Providence, R. I., 5s, .
Town of Southbridge, M ass, 4s,
of Spencer, Mass., 4s, .
City of Springfield, Ohio, 6s, .
State of New Hampshire 6s, .
City of Taunton, Mass., 4s,
Town of West Hartford, Conn , 4s,
City of Haverhill, Mass., 4s, .
of New Bedford, Mass., 4s,
of Providence, R. I., 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
#20,000
55,000
500
12,000
60,000
65,000
50,000
90,000
20,000
28,000
20,000
39,000
75,000
5,000
20,000
15,000
50,000
27,000
30,000
35,000
25,000
10,000
27,000
18,000
12,000
25,000
30,000
$863,500
Estimated
Market Value.
$23,400
64,350
516
12,480
61,092
62,198
48,265
89,100
20,800
28,873
20,000
39,936
77,625
6,198
21,576
15,000
51,530
30,040
30,450
36,400
27,750
11,543
27,810
18,180
12,180
25,500
31,350
00
00
25
00
00
50
00
00
00
60
00
00
00
00
00
00
00
20
00
00
00
00
00
00
00
00
00
$894,143 55
Legal investments when made.
Amount Invested.
$20,000
55,000
500
12,000
60,000
65,000
50,000
90,000
20,000
28,000
20,000
39,000
75,000
5,000
20,000
15,000
50,000
27,000
30,000
35,000
25,000
10,000
27,000
18,000
12,000
25,000
30,000
00
00
00
00*
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$863,500 00
No. 8 .]
39
SA Y IN G S B A N K COM M ISSION ERS
No. of I
Shares.
Detailed Statement o f Bank Stocks.
45
109
41
100
32
100
100
60
80
25
120
80
105
35
20
20
60
20
70
5
32
101
10
50
17
20
25
10
50
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston National Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N'l Bank, Boston, .
N’l B’k of the Republic, Boston,
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
First National Bank, Chicopee,
Hadley Falls N ’l B’k, Holyoke,
Lee National Bank, L ee,.
Adams N’l B’k, North Adams,
Agricultural N’l B’k, Pittsfield,
Pittsfield N’l Bank, Pittsfield,
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield,
John Hancock National Bank,
Springfield, .
.
.
.
Ilousatonic N’l B’k,Stockbridge,
First National Bank, Boston, .
$4,500
10,900
4,100
10,000
3,200
10,000
10,000
6,000
8,000
2,500
12,000
8,000
10,500
3,500
2,000
2,000
6,000
2,000
7,000
500
3,200
10,100
1,000
5,000
1,700
2,000
2,500
1,000
5,000
Estimated
Market Value.
$6,356
13,243
4,100
11,200
3,536
14,950
16,000
7,665
8,240
3,080
12,750
8,000
17,220
4,873
3,705
2,520
8,700
3,300
9,800
650
8,000
16,160
1,100
7,700
2,975
2,700
25
50
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
00
00
00
3,175 00
1,700 00
12,012 50
Amount Invested.
$4,500
10,900
4,100
10,000
3,200
10,000
10,000
6,000
8,000
2,500
12,000
8,000
10,500
3,500
2,000
2,000
6,000
2,000
7,000
500
3,200
10,100
1,000
5,000
1,700
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
2,500 00
1,000 00
5,000 00
$154,200 $215,412 00 $154,200 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Revere Beach & Lynn R R. 6s,
Conn. & Passumpsic Rivers R.R. 7s,
N. Y., N. H. and Hartford R R. 4s,
Vermont & Massachusetts R R . 5s,
Worcester & Nashua R R 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11,000
26,500
25.000
25.000
10.000
Estimated
Market Value.
$12,005
27,295
25,500
27,000
10,100
40
00
00
00
00
$97,500 $101,900 40
Amount Invested.
$11,000
26,500
25.000
25.000
10.000
00
00
00
00
00
$97,500 00
[Pub. D oc.
R E P O R T OF TH E
40
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount.
Rate.
2J per cent.
4
$1,652,117 00
5 per cent.
Amount.
$8,718 39
67,250 00
Rate.
Amount.
$5,400 00
Number of loans which are of an amount not exceeding $3,000 each,
6 per cent.
469
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate,..........................................................548
Gross amount o f interest or profits received or earned, as per books, during
$618,630 00
131,983 82
year ending Oct. 31, 1891.............................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
49,622 53
Rate and amount of each semi-annual dividend during the i 2 per cent., r
51,343 98
year ending Oct. 31, 1 8 9 1 , ..........................................................J 2 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
1,699
Number of accounts closed during the year ending Oct. 31, 1891,
1,247
Total number of open accounts Oct. 31, 1891,
.
.
.
.
9,283
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
7,964 23
clusive of taxes)..............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number of s a m e , ..............................................................................8,913
Amount of withdrawals, including dividends, during the year ending
634,243 41
Oct. 31, 1891,....................................................................................................................
Number of s a m e , .............................................................................. 6,331
Date of examination by commissioner: September 29.
583,995 33
C om m onw ealth
B e r k s h ir e ,
of
M a ssa ch u setts.
N ov . 13, 1891.
ss.
Personally appeared Robert W . Adam , Treasurer of the Berkshire County Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
B e r k s h ir e ,
C h a s . E . B u r k e , Justice o f the Peace.
N ov . 13, 1891.
ss .
Personally appeared Joseph Tucker, President, and Jabez L . Peck, William H . Sloan,
Chas. W. Kellogg, Josiah Carter, Frank W . Dutton and H . M . Peirson, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
C h a s . E . B u r k e , Justice o f the Peace.
No. 8 .]
41
SA V IN G S B A N K CO M M ISSION ERS.
BEVERLY SAVINGS B A N K — BEVERLY.
Incorporated Feb. 23, 1867.
Present number of corporators, 41.
R o b e r t R . E n d ic o t t , President.
R o b e r t G. B e n n e t t , Treasurer.
R o b e r t G . B e n n e t t , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
R o b e r t R . E n d ió o tt ,
A u g ustus N . C l a r k ,
S a m u e l J. F o st e r ,
G eorge B utm an.
Open for business every business day, 8.30
B alance
Sh ee t, O ctober
a .m .
to 1.30
p .m .
31, 1891.
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock ,.
Railroad bonds as per schedule,
Loan on railroad stocks, .
Real estate (for banking pur
poses) ,
.......................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Deposit in bank, not on interest,
Expense account,
Premium account,
Cash on hand;
.
.
.
.
$35,000
29.500
216,610
23.500
23.000
25.000
00
00
00
00
00
00
20.000
6,190
479,916
465,081
00
49
17
67
82,700
1,500
236
15,000
785
00
00
39
00
91
$1,387,260 00
32,270 92
1,625 44
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
2,864 27
$1,424,020 63
$1,424,020 63
Cash on Deposit in B a n k : —
Beverly National Bank, Beverly,
.
.
.
Loans on Public Funds, amount on each : —
On
On
On
On
$1,500 00
.
$15,000 Sioux City, Iowa, 6s, .
$2,000 Cleveland, Ohio, 5s........................................
$11,000 Sioux City, Iowa, 6s, .
$6,000 Canton, Ohio, 5 s , * .......................................
'J
‘J
$14,500 00
15,000 00
Loans on Bank Stock, amount on each : —
On 25 shares Beverly National Bank, Beverly,
On 21 shares Beverly National Bank, Beverly,
On 240 shares Traders’ National Bank, Boston,
.
$2,500 00
2,000 00
19,000 00
.
$25,000 00
.
Loan on Railroad Stock: —
On 200 shares Boston & Maine Railroad,
Legal security has since been substituted for these bonds.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
42
R E P O R T O F TH E
[Pub. D oc
Detailed Statement o f Public Funds.
Par Value.
Town of Beverly, Mass., 4s,
.
$35,000
Estimated
Market Value.
Amount Invested.
$36,050 00
$35,000 00
No. of
Shares.
Detailed Statement of Bank Stocks.
200
100
100
1 00
58
75
30
75
20
57
73
80
100
20
20
50
50
61
50
50
50
1 00
50
50
60
50
18
177
87
71
67
28
60
67
Par Value.
Beverly Nat’l Bank, Beverly,.
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
National Citv Bank, Boston, .
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
Freeman’s Nat'l Bank, Boston,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Revere Bank, Boston,
Shawmut Nat'l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
Winthrop Nat’l Bank, Boston,
First National Bank, Lynn,
N’l Grand Bank, Marblehead,
Asiatic Nat’l Bank, Salem,
Nat’l Exchange Bank, Salem,
First National Bank, Salem, .
Mercantile Nat’l Bank, Salem,
Merchants’ Nat’l Bank, Salem,
Naumkeag Nat’l Bank, Salem,
Salem National Bank, Salem,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 2 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
5,800
7,500
3,000
7,500
2 ,0 0 0
5,700
7,300
8 ,0 0 0
1 0 ,0 0 0
2 ,0 0 0
2 ,0 0 0
5,000
5,000
6 ,1 0 0
5,000
5,000
5,000
1 0 ,0 0 0
5,000
5,000
6 ,0 0 0
5,000
1,800
5,310
8,700
7,100
6,700
1,400
6,000
6,700
Estimated
Market Value.
$28,000
12,150
00
00
1 0 ,0 0 0 0 0
9,600 0 0
7,540 0 0
7,725 0 0
4,080 0 0
7,500 0 0
2 ,0 0 0 0 0
6,840 0 0
9,052 0 0
8,800 0 0
10,800 0 0
2,990 0 0
3,280 0 0
6,950 0 0
6,350 0 0
9,760 0 0
5,300 0 0
6,300
4,650
10,600
5,100
5,000
6,840
6,750
2,160
6,372
9,483
9,159
8,375
1,848
8,400
8,777
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$216,610 $258,531 00
Amount Invested.
$ 2 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
00
00
00
00
5,800
7,500
3,000
7,500
00
00
00
00
2 ,0 0 0 0 0
5,700 00
7,300 00
8 ,0 0 0
1 0 ,0 0 0
2 ,0 0 0
2 ,0 0 0
00
00
00
00
5,000 00
5,000 00
6 ,1 0 0 0 0
5,000 00
5,000 00
5,000 00
1 0 ,0 0 0 0 0
5,000 00
5,000 00
6 ,0 0 0 0 0
5,000
1,800
5,310
8,700
7,100
6,700
1,400
00
00
00
00
00
00
00
6 ,0 0 0 0 0
6,700 00
$216,610 00
No. 8 .]
43
SA V IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Railroad Bonds.
l’ar Value.
Eastern R.R. 6s,
. . .
Boston & Lowell R.R. 5s,
Fitchburg R.R. 4|s, .
.
.
.
Estimated
Market Value.
Amount Invested.
$2,000
11,000
10,000
$2,480 00
11,660 00
10,100 00
$2,000 00
11,000 00
10,000 00
$23,000
$24,240 00
$23,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount.
$246
72,700
50,000
138,200
67
00
00
00
0 per cent.
4
4|
“
5
Amount.
$55,000 00
145,000 00
218,808 80
Rate.
5| per cent.
5^
5^
“
Kate.
Amount.
$25,000 00
15,000 00
385,742 37
5| per cent.
51
“
6
Amount invested in real estate for banking p u r p o s e s ,.......................................
Estimated value of the s a m e ,.......................................................................................
Assessed value of the s a m e , .......................................................................................
Net income received from same during year ending Oct. 31,1891,
$20,000
25,000
24,500
455
00
00
00
10
Value, by books, o f other real estate held or owned by foreclosure or
otherwise............................................................................................................................
Assessed value of the same.............................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 457
6,190 49
5,375 00
213 27
Aggregate amount o f the same......................................................................................
Total number of loans upon real e s t a t e , ................................................ 453
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur
422,397 81
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the by-laws : fourth Wednesday in April
69,434 50
and October.
Rate and amount o f each semi-annual dividend during the j 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ..........................................................J 2 per cent., i
Number of accounts opened during the year ending Oct. 31, 1891,
. 769
Number o f accountsmiosed during the year ending Oct. 31,1891,
. 543
246 67
24,794 50
25,701 94
Total number of open accounts Oct. 31, 1891,
.
.
.
.
4,463
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f ta x e s ),...........................................................................................................
Amount of deposits, not including dividends, received during the year
3,118 41
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , .......................................................................................4,135
Amount of withdrawals, including dividends, during the year ending Oct.
320,086 96
31, 1 8 9 1 , ....................................................................................................................
Number of s a m e , ....................................................................................... 3,382
Date of examination by commissioner: May 28.
262,657 23
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
44
R E P O R T O F TH E
Co m m o n w ea lth
E ssex,
of
[Pub. D oc
M assach usetts.
ss.
Nov. 16, 1891.
Personally appeared Robert G. Bennett, Treasurer of the Beverly Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
ss .
W
m.
H . L o v e t t , Justice o f the Peace.
Nov. 16, 1891.
Personally appeared Robert R . Endicott, President, and A . N . Clark, Sam’l J. Foster,
Austin Whitcomb, Chas. H . Odell and Samuel Porter, trustees o f said corporation, and
severally made oath that the annexed report is correct, according to their best knowl
edge and belief.
Before me,
W m . H . L o v e t t , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
45
BOSTON FIVE CENTS SAVINGS BANK — BOSTON.
Incorporated April 7, 1854.
Present number of corporators, 56.
A l o n zo H . E v a n s , President.
C u r t is C. N ic h o l s , Treasurer.
E d w a r d E d m u n d s , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds:
A lo n zo H . E v a n s ,
E u stace C. F i t z ,
S. R . P a y s o n ,
W il l ia m 0 . G r o v e r ,
S. A . D e n io ,
Sa m u e l A . C a r l t o n ,
L eander B eal.
Open for business every business day, 9 a .m . to 2 p . m . ; also Saturdays, 3 to 5
6 to 8 p . m ., for deposits only.
Balance
Sh ee t, O ctober
A ssets .
Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loans on railroad stocks, .
Railroad notes, .
.
.
.
Real estate (for banking purposes),
.
.
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
p .m .
and
31, 1891.
L ia b ilit ie s .
$2,793,151
243,300
602,000
163,600
364,685
148,200
170,000
300,000
50
00
00
00
00
00
00
00
195,000
1,300
8,130,357
6,247,100
00
00
14
00
160,200
644,217
177
88,340
00
47
01
44
$20,251,628 56
1
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Premium account, .
Suspense account, .
$18,927,670 84
751,836 62
28,062 40
465,495 01
76,145 22
2,418 47
♦
$20,251,628 56
Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston,
National Security Bank, Boston, .
.
.
.
Winthrop National Bank, Boston, .
.
.
North National Bank, Boston,
.
.
.
.
Blackstone National Bank, Boston,
Maverick National Bank, Boston, .
.
.
.
Mechanics’ National Bank, Boston,
Amesbury National Bank, Amesbury, .
Pocassett National Bank, Fall River,
First National Bank, Chelsea,
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.......................................$125,066
.......................................
137,564
.......................................
94,641
.......................................
106,888
71
12
99
44
.......................................
100,200 29
.......................................9,064
90
....................................... 5,791
02
10,000 00
.......................................
30,000 00
.......................................
25,000 00
46
R E P O R T O F TH E
[Pub. Doc,
Loans on Public Funds, amount on each : —
On
On
On
On
$2,000 United States 4s, .
.
.
$2,000 Boston, M ass., 5s, .
$14,000 W eymouth, M ass., 4s, .
$6,000 Franklin, N . H ., 4s,
.
On
On
On
On
On
On
On
On
On
On
On
On
On
On
$1,000 Providence, R . I., 4Js, .
$1,000 Newton, Mass , 6 s ,.
$90,000 Cleveland, Ohio, 4£s, .
$5,000 Chicago, 111., 7s,
$25,000 Springfield, Ohio, 5s, .
$30,000 Holyoke, Mass , 4s,
$1,000 District of Columbia 6s, .
$5,000 District of Columbia 7s, .
$9,000 Detroit, Mich , 3£s, .
.
.
.
$9,000 Lowell, Mass., 4s, .
$31,000 Lowell, Mass., 4s................................
$2,000 Pawtucket, R . I., 4s,
$19,000 Marlborough, Mass., 4s,
$3,000 District o f Columbia 7s, .
$ 2,000 00
1,600 00
20,000 00
1,800 00
90.000 00
4,900 00
23.000 00
50,000 00
50,000 00
Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On
On
On
On
On
On
On
On
On
On
On
On
146 shares Maverick National Bank, Boston, .
26 shares National Rockland Bank, Boston, .
200 shares National City Bank, Boston, .
30 shares Blackstone National Bank, Boston, .
20 shares Blackstone National Bank, Boston, .
25 shares First National Bank, South Weymouth,
10 shares Laconia National Bank, Laconia, N . H .,
11 shares State National Bank, Boston, .
15 shares First National Bank, W oburn, .
62 shares National Security Bank, Boston,
303 shares Continental National Bank, Boston,
400 shares First National Bank, Worcester,
120 shares Freeman’s National Bank, B oston,.
100 shares Mechanics’ National Bank, Boston,
139 shares Market National Bank, Boston,
120 shares Freeman’s National Bank, Boston,
15 shares Wachusett National Bank, Fitchburg,
50 shares Boston Safe Deposit and Trust Company,
$14,600
2.500
14,800
2,400
1,600
2,200
800
00
00
00
00
00
00
00
1,000 00
1.500
6,200
30.000
40.000
9.000
00
00
00
00
00
10.000 00
10,000 00
12,000 00
5.000 00
Loans on Railroad Bonds, amount on each : —
On $6,000 New Y ork, Providence & Boston R .R . 7 s , ................................................$6,000
1,500
On $1,500 Maine Central R .R . 7 s , .............................................................................
On $1,000 Old Colony R R . 6s,
1,000
On $32,000 Concord & Montreal R .R . 4s,
30,000
9,700
On $10,000 Old Colony R .R . 4 j s , .............................................................................
On $100,000 Concord & Montreal R .R . 4 s , ..........................................................
100,000
00
00
00
00
00
00
Loans on Railroad Stock, amount on each : —
On 500 shares Boston & Maine R .R ., p r e f e r r e d ,....................................................... $50,000 00
On 25 shares Boston & Albany R .R .,
.
.......................................................... 1
On 57 shares New York, New Haven & Hartford R .R .,
.
.
.
. >
15,000 00
On 18 shares Old Colony R . R . , ............................................................................. )
On 40 shares Old Colony R . R . , ..............................................................................
5,000 00
On 825 shares Boston & Maine R .R ............................................................................
100,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
47
SA V IN G S B A N K COM M ISSION ERS
Detailed Statement o f Public Funds.
Estimated
Market Value.
Par Value.
Town of Beverly, Mass., 4s,
City of Bid deford, Me., 4s ,.
of Boston, Mass., 6s, .
of Boston, Mass., 5s, .
of Boston, Mass , 4s, .
of Boston, Mass., 3^s, .
Town of Brookline, Mass., 5s, .
County of Carroll, N. H., 4s,
Town of Claremont, N. IT, Gs, .
City of Chelsea, Mass., 6 s,.
of Cleveland, Ohio, 5s,
of Cleveland, Ohio, 44s,
of Columbus, Ohio, 4s,
District of Columbia 6s,
of Columbia 5s,
Town of Danvers, Mass., 5s,
City of East Saginaw, Mich., 5s,
Town of Everett, Mass., 6s,
City of Fort Wayne, Ind , 6s,
of Keene, N. II., 4s, .
of Malden, Mass , 4s, .
of Milwaukee, Wis , 4s,
Town of Norwich, Conn., 4s,
of No. Attleboro1, Mass.,4s,
of No. Easton, Mass., 4s, .
City of Salem, Mass., 5s, .
Town of Spencer, Mass., 4s,
City of Somerville, Mass , 5s,
of Cleveland, Ohio, 6s,
of Dayton, Ohio, 6s, .
of Detroit, Mich., 7s, .
Commonwealth of Mass 3s,
f21,000
50,000
200,000
206,151
240,000
624,000
50,000
40,000
3,000
50,000
200,000
80,000
70,000
41,000
65,000
63,000
8,000
50,000
16,000
100,000
10,000
104,000
60,000
. 72,000
52,000
100,000
5,000
78,000
24,000
10,000
21,000
80,000
$21,000 00
00
00
50,000 00
00
202,000 00
50
222,643 08
00
240,000 00
00
624,000 00
00
50,500 00
00
40,000 00
00
3,000 00
00 • 50,500 00
00
208,000 00
00
80,000 00
00
70,000 00
00
41,170 00
00
65,812 50
00
63,630 00
00
8,000 00
00
50,000 00
00
16,640 00
00
100,000 00
10,000 00
00
00
104,000 00
00
60,000 00
72,000 00
00
00
52,000 00
00
101,000 00
00
5,000 00
78,390 00
00
00
25,200 00
10,500 00
00
00
25,200 00
80,000 00
00
Amount Invested.
$21,000
50,000
200,000
206,151
240,000
624,000
50,000
40,000
3,000
50,000
200,000
80,000
*70,000
41,000
65,000
63,000
8,000
50,000
16,000
100,000
10,000
104,000
60,000
72,000
52,000
100,000
5,000
78,000
24,000
10,000
21,000
80,000
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$2,793,151 50 $2,830,185 58 $2,793,151 50
*
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
250
411
150
130
202
168
100
280
330
100
101
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
National Bank of the Commonwealth, Boston,
Columbian Nat’l Bank, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$25,000
41,100
15,000
13,000
20,200
16,800
10,000
$28,500
40,278
17,100
16,380
18,786
20,496
12,200
00
00
00
00
00
00
00
$25,000
41,100
15,000
13.000
20,200
16,800
10,000
00
00
00
00
00
00
00
28,000
33,000
10,000
10,100
44,800
34,980
10,400
13,231
00
00
00
00
28,000
33,000
10,000
10,100
00
00
00
00
48
[Pub. D oc
R E P O R T O F TH E
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
250
100
325
223
47
297
225
150
54
200
50
160
96
315
225
71
395
150
145
170
50
100
Estimated
Market Value.
Par Value.
First National Bank, Boston, .
Hamilton Nat'l Bank, Boston,
N’l Hide & Leather B'k, Boston,
Howard Nat'l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
North National Bank, Boston,
Nat’l Revere Bank, Boston,
N’l B’k of the Republic, Boston,
N’l B’k of Redemption, Boston,
Nat’l Rockland Bank, Boston,
National Union Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Second National Bank, Boston,
Suffolk National Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank,'Boston,
Nat’l Webster Bank, Boston, .
Winthrop Nat’l Bank, Boston,
First Nat’l Bank, Marlboro’, .
Third Nat’l Bank, Springfield,
$57,500
11,600
39,325
23,861
6,439
40,095
22,500
23,100
6,534
29,400
6,750
20,000
11,520
57,550
23,400
7,313
39,500
17,250
14,355
20,400
5,000
17,500
$25,000
10,000
32,500
22,300
4,700
29,700
22,500
15,000
5,400
20,000
5,000
16,000
9,600
31,500
22,500
7,100
39,500
15,000
14,500
17,000
5,000
10,000
Amount Invested
$25,000
10,000
32,500
22,300
4,700
29,700
22,500
15,000
5,400
20,000
5,000
16,000
9,600
31,500
22,500
7,100
39,500
15,000
14,500
17,000
5,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$602,000 $758,043 00 $602,000 00
Detailed Statement o f Bailroad Bonds.
Estimated
Market Value.
Par Value.
Boston & Albany R R. 7s,
Boston & Albany R R. 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Maine R.R. 7s, .
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 7s, .
.
.
.
$25,000
265,000
6,120
9,090
78,640
5,100
$25,000
250,000
6,000
9.000
69,685
5.000
$364,685
Amount Invested.
00
00
00
00
90
00
$25,000
250,000
6,000
9.000
69,685
5.000
00
00
00
00
00
00
$388,950 90 $364,685 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$579.217
17,000
1,918,800
115,000
15,000
308,000
200,000
Hate.
47
00
00
00
00
00
00
3 per cent.
“
4
“
4 ¡1
“
4 *
4
4f
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
“
“
Amount.
$1,624,226
267,000
583,800
140,000
4,694,300
197,500
2,291,000
Hate.
88
00
00
00
00
00
00
4£ per cent.
4$
“
41
“
H
“
5
5|
“
H
“
Amount.
$112,500
2,360,925
83,000
538,658
84,000
58,557
18,489
00
00
00
72
00
00
54
Hate.
5 f per cent.
H
“
51
“
6
«
6f
“
6è
“
7
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
Amount invested in real estate for banking p u rp ose s,.......................................
Estimated value of the s a m e ,.......................................................................................
Assessed value of the s a m e , .......................................................................................
Net income received from same during year ending Oct. 31, 1891,
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,..........................................................
.......................................
Assessed value of the s a m e , .......................................................... .........
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 474
Aggregate amount of the s a m e , .............................................................................
Total number of loans upon real estate,.......................................................... 883
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
49
$195,000
225.000
285.000
10,000
00
00
00
00
1,300 00
2,000 00
150 00
875,819 00
932,220 70
Times for the dividends fixed by the b y-law s: second Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ......................................................... J 2 per cent., I
Number of accounts opened during the year ending Oct. 31, 1891,
14,072
Number o f accounts closed during the year ending Oct. 31, 1891,
4,362
Total number of open accounts Oct. 31, 1891,
.
.
.
.
125,673
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) ,..........................................................................................................
326,935 49
339,227 60
50,108 39
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................. 5,558,963 40
Number of s a m e , ...................................................................................... 113,228
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ................................................................................................................... 5,082,315 50
Number of s a m e , ......................................................................................
83,343
Date of examination by commissioner : November 4.
Co m m o n w e a l t h
Suffolk,
of
M assa ch u setts.
Nov. 18, 1891.
ss .
Personally appeared Curtis C. Nichols, Treasurer of the Boston Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
Before me,
S u f f o l k , ss.
G eo . B . B ig e l o w , Justice o f the Peace.
N ov. 18, 1891.
Personally appeared Alonzo H . Evans, President, and Samuel R . Payson, S. A .
Carlton, W m . O. Grover, Jos. H . Cannell and Henry F . Coe, trustees of said corpora
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G e o . B. B ig e l o w , Justice o f the Peace.
[Pub. D oc
R E P O R T OF TH E
50
BOSTON PENNY SAVINGS BANK — BOSTON.
Incorporated April 6, 1864.
Present number of corporators, 96.
G e o r g e W . P o p e , President.
H e n r y It. R e y n o l d s , Treasurer.
H e n r y R . R e y n o l d s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
G eorge W . P o pe,
J o h n G o l d t h w a it ,
John Sw e e t s e r ,
John A . P r a y ,
W
il l ia m
A . R ust,
T homas N . H a r t,
G eorge N o w e l l .
Open for business every business day, 9
B alance
a .m .
p .m .
; and Saturdays, 5 to 8
p .m .
S h e e t , O c t o b e r 3 1 , 189 1 .
L iab ilit ie s .
A ssets .
Bank stock as per schedule,
Loans on bank stock,
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.
to 3
$82,580 50
5,500 00
115,000
741,053
465,300
18,097
440
10,115
Deposits, .
Guaranty fund,
Interest account,
$1,392,566 82
37,461 04
8,060 57
00
62
00
67
70
94
$1,438,088 43
$1,438,088 43
Cash on Deposit in B a n k : —
Mount Yernon National Bank, Boston,
.
$18,097 67
Loans on Bank Stock, amount on each : —
On 5 shares Mechanics’ National Bank, Boston,
On 58 shares Fourth National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
5,000 00
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
51
No. of
Shares.
Detailed, Statement o f Bank Stocks.
42
50
50
37
150
100
50
50
25
50
11
41
48
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Boston Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
Everett Nat’l Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Merchants’ N’l Bank, Boston,
N’l B’k of No. America, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
$4,200
5,000
5,000
3,700
15,000
10,000
5,000
5,000
2,500
5,000
1,100
4,100
4,800
$70,400
Estimated
Market Value.
$5,953
6,075
5,625
4,740
15,525
12.600
5,525
5.087
3,750
6,237
T,339
4,192
4,800
Amount Invested.
50
00
00
62
00
00
00
50
00
50
25
25
00
$6,384
6,300
6,050
4,662
15,000
11,550
6,250
5,325
3,600
5,525
1,402
5,084
5,448
$81,450 62
00
00
00
00
00
00
00
00
00
00
50
00
00
$82,580 50
Total Amount o f Loans with Each Specified Bate o f Interest.
Amount.
$18,097 67
123,000 00
670,203 62
Kate.
Amount.
Kate.
Amount.
2£ per cent.
4Ì
“
5
“
$125,000 00
25,000 00
211,000 00
per cent.
“
bh
“
$50,400 00
7,250 00
5|
Rate.
6 per cent.
7
“
Amount invested in real estate for banking purposes,.......................................
Estimated value of the sam e,........................................................................................
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1391,
Number of loans which are of an amount not exceeding $3,000 each,
61
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 148
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1891, .
« • .....................................................................
$115,000
100,000
79,400
3,000
00
00
00
13
107,753 62
67,627 70
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the i 2 per cent., r
year ending Oct. 31, 1 8 9 1 ,...........................................................j 2 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
1,306
Number of accounts closed during the year ending Oct. 31, 1891,
1,130
Total number o f open accounts Oct. 31, 1891,
.
.
.
.
7,225
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of same, ........................................................................................ 9,578
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
24,786 35
25,549 30
5,411 81
392,186 63
\
52
REPORT OF THE
[Pub. D oc.
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................$353,307 41
Number o f s a m e , ........................................................................................ 6,062
Date of examination by commissioner : January 27.
Comm onw ealth
Su ffo lk ,
ss.
of
M a s sa c h u s e t t s .
N ov . 11, 1891.
Personally appeared Henry R . Reynolds, Treasurer of the Boston Penny Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
Su f f o l k ,
ss.
A l b e C. C l a r k , Justice o f the Peace.
N o v . 11, 1891.
Personally appeared John Q. A . Brackett, Vice-President, and Thomas N . Hart,
Charles L. Damrell, Frederick K . Piper, Frank B. Thayer and John Sweetser, trustees
of said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
A l b e C. C l a r k , Justice o f the Peace.
No. 8 .]
53
SA V IN G S B A N K COM M ISSION ERS
BRAINTREE SAVINGS BANK — SOUTH BRAINTREE.
Incorporated March 21, 1870.
Present number of corporators, 42.
B e n j a m in F . D y e r , President.
C. H . H o b a r t , Treasurer.
C. H . H o b a r t , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
B. F . D y e r ,
N . H . H unt,
P. D . H o l b r o o k .
Open for business every business day, 8
B alance
Sh ee t, O ctober
to 6
e .m .
31, 1891.
L ia b ilit ies .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Expense account,
Cash on hand....................................
a .m .
$19,000
33,720
42,000
111,902
00
00
00
00
5,000
3,715
19
426
00
28
50
72
Deposits, .
Guaranty fund,
Interest account,
$205,639 36
4,374 32
5,769 82
$215,783 50
$215,783 50
Cash on Deposit in Bank : —
$3,715 28
Shawmut National Bank, Boston,
Detailed Statement o f Public Funds.
Par Value.
City of Manchester, N. H , 4s,
Town of Brookline, Mass , 5s,
City of Worcester, Mass, 4^s,.
of New Bedford, Mass , 5s,
of Boston, Mass., 6s,
of Fall River, Mass , 6s, .
Town of Chatham, Mass , 4ìs,
of Braintree, Mass., 4s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000
3.000
2.000
3.000
2.000
1,000
1,000
5,000
$19,000
Estimated
Market Value.
$2,000
3,210
2,140
3,225
2,080
1,007
1,000
5,000
00
00
00
00
00
50
00
00
$19,662 50
Amount Invested.
$2,000
3.000
2.000
3.000
2.000
1,000
1,000
5,000
00
00
00
00
00
00
00
00
$19,000 00
/
\
54
R E P O R T O F TH E
[Pub. D oc.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
16
7
20
15
31
10
10
8
18
25
28
22
25
45
34
5
8
Union Market National Bank,
Watertown, .
.
.
.
Merchants’ N’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
State National Bank, Boston, .
Blackstone N’l Bank, Boston,.
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
Winthrop Nat’l Bank, Boston,
Freeman's Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Mt.'Vernon N’l Bank, Boston,
Union Nat’l Bank, Weymouth,
Brockton N’l Bank, Brockton,
Shawmut Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston,
Globe National Bank, Boston,
Nat’l Exchange Bank, Boston,
Estimated
Market Value.
$2,000
1,046
2,035
1,822
3,100
1,235
1,240
912
1,800
2,325
3,864
2,420
2,875
5,670
3,468
500
1,088
11,600
700
2,000
1,500
3,100
1,000
1,000
800
1,800
2,500
2,800
2,200
2,500
4,500
3,400
500
800
$32,700
00
50
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
$37,401 00
Amount Invested.
$1,920
700
2,000
1,500
3,100
1,000
1,000
800
1,800
2,500
3.500
2,200
2,500
4,500
3,400
500
800
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$33,720 00
Detailed Statement o f Bailroad Bonds.
Par Value.
Newport & Riehford R.R. 5s, .
Old Colony R.R. 4 s ,.
Fitchburg R R 5s, .
.
.
.
Conn & Passumpsic Rivers R.R. 7s,
Fitchburg R R. 4Js, .
.
.
.
Vermont & Massachusetts R.R. 5s, .
Boston & Maine R.R. 4 s ,.
Portland & Ogdensburg R.R. 6s, .
N. Y. & N. E. R.R. (terminal) 4s, .
$5,250
10,100
3,090
5,100
1,980
5,275
2,000
5,600
5,250
$5,000
10,000
3.000
5.000
2.000
5.000
2.000
5.000
5.000
$42,000
*
Estimated
Market Value.
00
00
00
00
00
00
00
00
00
$43,645 00
Amount Invested.
$5,000
10,000
3.000
5.000
2.000
5.000
2.000
5.000
5.000
00*
00
00
00
00
00
00
00
00
$42,000 00
A legal investment when made.
Total Amount o f Loans with Each Specified Bate o f Interest.
Rate.
Amount.
Rate.
2J per cent.
4
“
$33,800 00
76,400 00
5 per cent.
6
Amount.
$3,715 28
5,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
Amount.
$302 00
1,400 00
per cent.
7
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
Number of loans which are of an amount not exceeding $3,000 each, .
55
91
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate,...........................................................94
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ...........................................................i 2 per cent., 1
Number o f accounts opened during the year ending Oct. 31, 1891,
. 125
Number of accounts closed during the year ending Oct. 31, 1891,
.
70
$96,202 00
10,745 73
3,560 03
3,716 44
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 695
Total expenses o f the corporation for the year ending Oct. 31, 1891 (e x
clusive of t a x e s ) ,............................................................................................................
Amount of deposits, not including dividends, received during the year
658 47
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number o f same.........................................................................................................753
Amount of withdrawals, including dividends, during the year ending Oct.
61,801 90
31, 1891.................................................................................................................................
Number of s a m e , ................................................................................................. 528
Date of examination by commissioner: March 19.
56,657 34
Co m m o n w ea lth
N orfolk,
ss .
of
M a s sa c h u s e t t s .
N o v . 17, 1891.
Personally appeared C. H . Hobart, Treasurer of the Braintree Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
N orfolk,
ss .
C h a r l e s C. M e l l e n , Justice o f the Peace.
N o v . 17, 1891.
Personally appeared Benjamin F . Dyer, President, and N . H . Hunt, P. D . Holbrook,
Francis A . Hobart, James T . Stevens and F. Eugene Dyer, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C h a r l e s C. M e l l e n , Justice o f the Peace.
56
R E P O R T OF TH E
[Pub. D oc.
BRIDGEW ATER SAVINGS BANK — BRIDGEWATER.
Incorporated March 19, 1872.
Present number of corporators, 23.
S p e n c e r L e o n a r d , President.
S a m u e l P. G a t e s , Treasurer.
G e o r g e M . H o o p e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
L a fa ye tte K e it h ,
Ch ar les K . P ra tt,
J a m e s C. L e a c h ,
S a m u e l P. G a t e s ,
H o se a K in g m a n .
Open for business every business day, 7.30
Balance
a .m .
Sh e e t , O c to b e r
A ssets .
to 12.30 p
m.
; 1.30 to 6
p .m .
31, 1891.
L ia b il it ie s .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stocks,
Real estate (for banking purposes),
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.
$16,000
61,909
6,100
44,000
250
00
75
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Suspense account,
$417,250 36
18,000 00
5,374 59
366 27
56 00
5,450 00
187,696 00
102,506 62
5,100
8,245
72
3,716
00
37
85
63
$441,047 22
$441,047 22
Cash on Deposit in Bank : —
First National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$8,245 37
No. 8 .]
SA Y IN G S B A N K CO M M ISSIO N ERS.
57
Loans on Bank Stock, amount on each: —
On 50 shares First National Bank, B o s t o n , ...........................................................$5,000 00
On 8 shares Plymouth National Bank, Plym outh,.
.
.
.
.
.
700 00
On 10 shares Brockton National Bank, B r o c k to n ,................................................. 400 00
Loan on Railroad Stock : —
On 2 shares Old Colony R . R . , .......................................................................................$250 00
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 5s,
of Fall River, Mass., 6s, .
of Lewiston, Me., 5s,
Estimated
Market Value.
Amount Invested.
$5,000
6,000
5,000
$5,650 00
7,000 00
5,750 00
$5,000 00
6.000 00
5,000 00
$16,000
$18,400 00
$16,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
13
70
44
10
25
20
10
20
10
20
30
6
30
30
20
24
30
10
10
25
36
30
22
Par Value.
Abington N’l Bank, Abington,
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Faneuil Mall N’l Bank, Boston,
Fourth National Bank, Boston,
Freeman’s Nat'l Bank, Boston,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
National Eagle Bank, Boston,
N’l B’k of Redemption, Boston,
Nat’l Security Bank, Boston, .
North National Bank, Boston,
N’l B’k of No. America, Boston,
Nat’l Rockland Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
South End Nat’l Bank, Boston,
Washington N’l Bank, Boston,
Blue Hill Nat’l Bank, Milton,.
Bristol Co. N’l Bank, Taunton,
Brockton N’ l Bank, Brockton,.
Home Nat’l Bank, Brockton, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,300
7,000
4,400
1,000
2,500
2,000
1,000
2,000
1.000
2,000
3,000
600
3,000
3,000
2,000
2,400
3,000
1,000
1,000
2,500
3,600
3,000
2,200
$54,500
Estimated
Market Value.
$1,638
7,000
5,676
1,420
3,100
2,000
1,000
2,210
1,495
2,060
3,810
1,200
4,177
3,705
3,060
3,024
3,652
1,000
1,190
2,750
5,148
3,360
3,014
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
50
00
00
00
00
00
00
$66,690 00
Amount Invested.
$1,300
7,000
5,546
1,000
2,500
2,000
1,000
2,000
1,000
2,000
3,000
600
4,320
3,646
2,770
2,400
4,020
1,000
1,000
2,500
6,107
3,000
2,200
00
00
75
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$61,909 75
58
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R R. 7s, .
Boston, Revere Beach & Lynn R.R. 6s,
Fitchburg R.R. 6s, .
Fitchburg R.R. 5s, .
Fitchburg R R. 4s, ' .
Old Colony R.R. 6s,.
Old Colony R.R. 4is,
Old Colony R.R. 4 s,.
Portland and Ogdensburg R.R. 6s, .
$1,000
3,000
5,000
5,000
. 5,000
5,000
5,000
10,000
5,000
$44,000
Estimated
Market Value.
$1,040
3,240
5,300
5,250
4,700
5,340
5,175
10,400
5,600
Amount Invested.
$1,000
3,000
5,000
5,000
5,000
5,000
5,000
10,000
5,000
00
00
00
00
00
00
00
00
00
$46,045 00
00
00
00
00
00
00
00
00
00
$44,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$265 79
8,245 37
36,100 00
Kate.
Amount.
Kate.
0 per cent.
H
“
$27,000 00
217,786 83
19,000 00
5£ per cent.
6
6£
“
5
Amount.
$1,300 00
200 00
Rate.
7 per cent.
8
$
Amount invested in real estate for banking p u r p o se s,....................................... $5,450 00
Estimated value of the s a m e , ...............................................................................
5,450 00
Assessed value of the same.............................................................................................
6,000 00
Number o f loans which are of an amount not exceeding $3,000 each, 188
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate,
.
.
.
.
.
.
151
Amount o f investments from which no income is recei ved, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891......................................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend during the ) 2 per cent., |
year ending Oct. 31, 1 8 9 1 , ...........................................................j 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 203
Number of accounts closed during the year ending Oct. 31, 1891,
. 124
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,482
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) , ..................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ........................................................................................ 1,221
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891...............................................................................................................................
Number of s a m e , .....................................................................
.
995
Date of examination by commissioner: May 15.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
179,297 99
265 79
23,016 05
7,643 82
7,730 75
1,297 23
92,018 84
93,730 92
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
Co m m o n w e a l t h
P lym ou th ,
ss .
of
59
M assa ch u setts.
N ov. 16, 1891.
Personally appeared Samuel P. Gates, Treasurer o f the Bridgewater Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
P lym outh ,
ss .
J o se p h T o o k e r , Justice o f the Peace.
Nov. 16, 1891.
Personally appeared Spencer Leonard, President, and Lafayette Keith, Charles K . •
Pratt, Paul 0 . Clark, John H . Fairbanks, Geo. M . Hooper and John M . Stetson, trus
tees o f said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me.
J o se p h T o o k e r , Justice o f the Peace.
60
REPORT OF THE
BRIGHTON
FIVE CENTS SAVINGS BANK — (WARD 25)
BOSTON.
Incorporated March 26, 1861.
N. W
arren
[Pub. D oc
Present number of corporators, 118.
S a n b o r n , President.
G e o . E . B r o c k , Treasurer.
G e o . E . B r o c k , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
N. W . S a n b o r n ,
B e n j a m in M . F i s k e ,
G. A . F u l l e r ,
P. M o l e y ,
W . F. W a r ren .
Open’ for business every business day, except Saturdays, 9 a . m . to 12 m . ; 2 to 4
Saturdays, 9 a . m . to 12 m ., and for deposits only, 7 to 9 p . m .
Balance
Sh e e t , O cto b er
A ssets .
p .m .
;
31, 1891.
L ia b ilit ie s .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Rent account,
.
.
.
.
Cash on hand, .
.
.
.
$11,150
44,320
44.000
13,862
247,823
20.000
3,689
664
159
436
00
00
00
46
50
00
25
38
24
53
Deposits, .
Guaranty fund,
Interest account,
Reserve fund, .
$386,105 36
$369,102
9,500
6,383
1,119
48
00
26
62
$386,105 36
Cash on Deposit in Bank : —
National Market Bank of Brighton,
$3,689 25
Detailed Slatem.ent o f Public Funds.
Par Value.
City of Boston 4s,
City of Lynn 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
Estimated
Market Value.
Amount Invested.
$5,000
6,000
$5,150 00
6,162 00
$5,150 00
6,000 00
$11,000
$11,312 00
$11,150 00
No. 8 .]
61
SA V IN G S B A N K CO M M ISSION ERS.
No. of [
Shares.
Detailed Statement o f Bank Stocks.
45
42
30
30
25
25
23
21
19
18
15
15
13
12
12
10
10
10
10
10
5
5
5
4
15
Par Value.
Nat’l Webster Bank, Boston, .
Third National Bank, Boston,
Nat’l Market Bank, Brighton,
Metropolitan N’l B’k, Boston,
Tremont Nat’l Bank, Boston, .
First N’l Bank, West Newton,
Freeman’s N’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Old Boston N’l Bank, Boston,
Eliot National Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Blackstone N’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.
Merchant’s N’l Bank, Boston,.
Suffolk Nat’l Bank, Boston, .
State National Bank, Boston,
Howard Nat’l Bank, Boston, .
Nat’l Revere Bank, Boston,
Central Nat’l Bank, Boston, .
First National Bank, Lynn,
Union Market National Bank,
Watertown, .
N’l Hide & Leather B’k, Boston,
$ 4 ,5 0 0
4 ,2 0 0
3 ,0 0 0
3 ,0 0 0
2 ,5 0 0
2 ,50 0
2 ,3 0 0
2 ,1 0 0
1,90 0
1,80 0
1,50 0
1,50 0
1 ,3 0 0
1,20 0
1,20 0
1 ,00 0
1,00 0
1 ,00 0
1,00 0
1,000
500
500
500
Estimated
Market Value.
$ 4 ,5 0 0
4 ,4 9 4
2 ,8 8 0
2 ,71 1
2 ,5 5 6
2 ,5 0 0
2 ,3 0 5
2 ,6 4 6
2 ,0 6 6
2 ,1 2 8
1 ,8 3 0
1 ,63 8
1,20 9
1 ,2 0 3
1 ,54 5
1 ,07 2
1 ,50 0
1 ,06 2
1,217
1 ,10 5
531
711
650
00
00
00
25
25
00
75
00
50
50
00
75
00
00
00
50
00
50
50
00
25
25
00
Amount Invested.
$ 4 ,5 0 0
4 ,2 0 0
3 ,0 0 0
3 ,0 0 0
2 ,5 0 0
2 ,5 0 0
2 ,3 0 0
2 ,3 1 0
1,90 0
2 ,0 7 0
1 ,6 5 0
1,57 5
1,30 0
1 ,2 0 0
1,44 0
1 ,10 0
1 ,30 0
1.000
1 ,00 0
1 ,00 0
500
500
500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
400
1,50 0
560 00
1 ,86 0 00
400 00
1,57 5 0 0
$ 4 2 ,9 0 0
$ 4 6 ,4 8 4 00
$ 4 4 ,3 2 0 0 0
Detailed Statement o f Railroad Bonds.
Par Value.
Portland & Ogdensburg R R 6s,
Maine Central R R. 7s,
New York, Prov. & Boston R.R. 7s,
Fitchburg R.R. 7s, .
Fitchburg R.R. 5s, .
Boston, Winthrop & Shore R R. 5s, .
Portland & Kennebec R R. 6 s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$10,000
4,000
3,000
6,000
8,000
3,000
10,000
$11,500
4,680
3,675
6,345
8,640
3,291
10,564
$44,000
$48,696 40
00
80
00
00
00
60
00
Amount Invested.
$10,000
4,000
3,000
6,000
8,000
3,000
10,000
00
00
00
00
00
00
00
$44,000 00
62
[Pub. D oc.
R E P O R T O F TH E
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
Rate.
$3,689 25
22,000 00
23,200 00
per cent.
5
5h
Amount.
Rate.
$214,023 50
6,500 00
6 per cent.
H
“
Rate.
Amount.
$2,000 00
100 00
7t3q per cent.
8
“
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the same............................................................................................
Net income received from same during year ending Oct. 31, 1891,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 111
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 126
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891.....................................................................................
Times for the dividends fixed by the by-la w s: first Saturday in January
and July.
Rate and amount of each semi-annual dividend during the 12 per cent.,
year ending Oct. 31, 1 8 9 1 , ...........................................................1 2 per cent..
Number of accounts opened during the year ending Oct. 31, 1891,
. 576
Number o f accounts closed during the year ending Oct. 31, 1891,
. 276
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,879
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes),
.....................................................................
Amount o f deposits, not including dividends, received during the year
$13,862 46
ending Oct. 31, 1 8 9 1 , ..............................................................................
Number of s a m e , ........................................................................................
3,087
Amount o f withdrawals, including dividends, during the year ending ; Oct.
31, 1 8 9 1 , ..................................................................................................
1,499
Number of s a m e , ........................................................................................
Date o f examination by commissioner: June 30.
121,032 48
t., i
Co m m o n w e a lth
Suffolk,
ss.
of
15,850 00
263 92
166,923 50
20,438 57
6,421 41
6,506 31
2,209 17
115,466 11
M a s sa c h u s e t t s .
N ov . 16, 1891.
Personally appeared Geo. E . Brock, Treasurer of the Brighton Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement o f all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
S uffolk,
ss .
A r t h u r P. F i s k e , Notary Public.
N ov .-16, 1891.
Personally appeared N . Warren Sanborn, President, and Benj. M . Fiske, F. G.
Newhall, W . F . Warren, P. Moley, G. A . Fuller and J. A . Hathaway, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
A r t h u r P. F i s k e , Notary Public.
No. 8 .]
63
SA Y IN G S B A N K COM M ISSION ERS
BRISTOL COUNTY SAVING-S B A N K — TAUNTON.
Incorporated March 2, 1846.
Present number o f corporators, 102.
Joseph E . W ilbar, President.
A lfred C. Place, Treasurer.
A lfred C. Place, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Joseph E. W ilbar,
W illiam H . Fox,
E zra Davol,
Silas D. Presbrey,
Zachetjs Sherman.
Open for business every business day, except Saturday, 9 a .m . to 1 p . m . ; Saturday,
9 a .m. to 4 p. m.
B alance Sheet , October
3 1 , 189 1 .
L ia b ilit ies .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loans on railroad bonds, .
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
$855,000
360,500
1,200
510.000
75.000
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$3,717,017 18
145,000 00
25,385 84
11,578 88
25.000 00
1,070,395 00
850,105 00
130.000
2,825
15,384
610
2,962
00
00
07
53
30
$3,898,981 90
$3,898,981 90
Cash on Deposit in Banks, amount in each: —
Bristol County National Bank, Taunton,
.
.
.
.
Maverick National Bank, B o s to n ,................................................
National Bank o f Redemption, Boston.........................................
$8,895 38
6,012 98
475 71
Loan on Bank Stock: —
On
On
On
On
5
5
3
2
shares
shares
shares
shares
Merchants’ National Bank, New Bedford,
First National Bank, New Bedford, .
National Bank of Commerce, New Bedford,
Mechanics’ National Bank, New Bedford,
$ 1,200 00
Loans on Railroad Bonds, amount on each : —
On $55,000 Maine Central R . R . , .................................................
On $28,000 Concord & Montreal R .R . 4s,
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000 00
25,000 00
64
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Public Funds.
P a r V a lue.
City of Boston, Mass , 4s,
of Brockton, Mass , 4s & 5s, .
of Cleveland, Ohio, 4s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
of Detroit, Mich , 4s,
of Dover, N. H , 6s,.
of E. Saginaw, Mich , 5s,
of Gloucester, Mass., 4 s,.
of Lynn, Mass , 4s, .
of Malden, Mass , 4s,
of New Bedford, Mass., 3is & 5s,
of New London, Conn., 4s,
of Newport, R. 1 , 4s,
of Newton, Mass. 4s,
of Pawtucket, R. I., 4s, .
of Providence, R. I., 5s, .
of Somerville, Mass., 4 s,.
of Springfield, Ohio, 4|s,
of Taunton, Mass., 4s,
of Worcester, Mass., 3-^s,
Town of Rockland, Mass , 4s, .
City of Chicago, 111., 4s, .
of Chelsea, Mass., 4s,
150,000
50,000
50,000
50,000
20,000
50,000
10,000
20,000
25,000
20,000
50,000
30,000
30,000
10,000
50,000
20,000
50,000
20,000
20,000
100,000
10,000
20,000
50,000
50,000
E stim ated
M ark et V alue.
$50,000
51,000
50,000
50,000
20,000
50,000
10,500
20,000
25,000
20,000
50,000
30,900
30,000
10,000
50,000
20,000
53,500
20,000
20,000
100,000
10,000
20,000
50,000
50,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$855,000 $860,900 00
*
A m ou n t In v ested .
$50,000
50,000
50,000
50,000
20,000
50,000
10,000
20,000
25,000
20,000
50,000
30,000
30,000
10,000
50,000
20,000
50,000
20,000
20,000
100,000
10,000
20,000
50,000
50,000
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$855,000 00
A legal investment when made.
K o. o f
S hares.
Detailed Statement o f Bank Stocks.
150
100
128
50
100
100
100
100
50
50
100
25
35
100
50
100
P a r V alue.
Machinists’ N’l B’k, Taunton,.
Bristol Co N’l B’k, Taunton, .
Taunton N’l Bank, Taunton, .
First National Bank, Chelsea,
Third Nat’l Bank, Springfield,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston,
Columbian N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l B*k, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston.
Hamilton Nat’l Bank, Boston,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000
10,000
12,800
5,000
10,000
10,000
10,000
10,000
5,000
5,000
10,000
2,500
3,500
10,000
5,000
10,000
E stim ated
M a rk et V alue.
$22,500
14,000
17,900
6,000
18,000
13,800
12,000
11,200
6,400
5,200
10,300
3,000
4,900
23,500
5,000
11,800
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
A m ou n t In v ested .
$21,000
13,000
16,800
5,000
17,000
10,000
10,000
10,000
5,000
5,000
10,000
2,500
3,500
20,000
5,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
65
N o. o f
Shares.
Detailed Statement o f Bank Stocks — Concluded.
100
100
150
50
100
100
50
100
100
100
100
50
100
100
67
50
100
100
50
100
P a r V alue.
Howard Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
Mt . Vernon N’l Bank, Boston,
N’l B’k of the Republic, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,
National Union Bank, Boston,
North National Bank, Boston,
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Second N at’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’l B’k, Boston, .
f i o ,000
10,000
15,000
5,000
10,000
10,000
5,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
6,700
5,000
10,000
10,000
5,000
10,000
E stim ated
M arket V alue.
$10,900
9,000
21,900
6,800
16,000
12,700
6,100
12,600
13,400
10,300
12,300
7,500
14,000
13,600
10,600
6,200
12,000
18,000
5,000
11,700
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
A m ou n t In v ested .
$10,000
10,000
20,000
5,000
14,000
10,000
5,000
10,000
10,000
10,000
10,000
5,000
13,000
10,000
9,700
5,000
10,000
15,000
5,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$310,500 $416,100 00 $360,500 00
Detailed Statement o f Railroad Bonds.
Market Value.
Boston & Albany R.R. 6s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Boston, Revere Beach & Lynn R.R. 6s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Old Colony R.R. 4 s ,.
Vermont & Massachusetts R.R. 5s,
Worcester, Nashua & Roch. R.R. 4s,
Maine Central R.R. 4|s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
50,000
50,000
50,000
50,000
15,000
50,000
40,000
100,000
20,000
50,000
25,000
$10,400
52,500
50,000
50,000
50,000
15,600
50,000
40,800
100,000
20,600
50,000
25,500
00
00
00
00
00
00
00
00
00
00
00
00
$10,000
50,000
50,000
50,000
50,000
15,000
50,000
40,000
100,000
20,000
50,000
25,000
00
00
00
00
00
00
00
00
00
00
00
00
$510,000 $515,400 00 $510,000 00
[Pub. Doc,
R E P O R T O F TH E
66
Total Amount o f Loans with Each Specified Rate o f Interest.
R a te.
A m ou n t.
2£ per cent.
3è
“
4
“
$50,000
336,000
141,500
25,000
318,410
A m ou n t.
$14,908
60,475
32.000
20.000
2,500
36
71
00
00
00
“
H
4è
“
R ate.
A m ou n t.
$156,900
922,565
38,000
26,500
150
4| per cent.
5
“
5|
H “
00
00
00
00
00
R ate.
00
00
00
00
00
5J per cent.
6
6|
“
6è
»
7
$25,000
30,000
30,500
853
Amount invested in real estate for banking purp oses,........................................
Estimated value of the sa m e ,........................................................................................
Assessed value of the s a m e ,.........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number o f loans which are of an amount not exceeding $>3,000 each,
820
00
00
00
00
614,650 00
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 820
Gross amount of interest or profits received or earned, as per books, during
195,523 62
year ending Oct. 31, 1 8 9 1 , .........................................................................................
Times for dividends fixed by the by-laws : April 1 and October 1.
70,628 43
Rate and amount of each semi-annual dividend during the ) 2 per cent., r
71,056 65
year ending Oct. 31, 1 8 9 1 ,........................................................... j 2 per cent., j
Number of accounts openedduringthe year ending Oct. 31, 1891,
1,190
Number of accounts closedduring the year ending Oct. 31, 1891,
1,050
Total number of open accounts Oct. 31, 1891,
.
.
.
.
9,919
Total expenses o f the corporation for the year ending Oct. 31, 1891
8,429 14
(exclusive of taxes), ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................... .........
Number of s a m e , ................................................................................7,129
Amount o f withdrawals, including dividends, during the year ending
626,652 72
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ................................................................................7,186
Date of examination by commissioner: March 9.
719,234 06
Com
B
r is t o l ,
m onw ealth
of
M
assach u setts.
ss.
N
ov.
3, 1891.
Personally appeared Alfred C. Place, Treasurer of the Bristol County Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
B
r is t o l ,
F
r e d e r ic k
.
S. H
a ll
ss.
,
Justice o f the Peace.
N
ov.
3, 1891.
Personally appeared Joseph E . W ilbar, President, and W illiam H . F ox, Zacheus
Sherman, Silas D. Presbrey, Ezra Davol and Francis L. Morse, trustees of said corpo
ration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
F
r e d e r ic k
S. H
a ll
,
Justice o f the Peace.
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS
67
BROADW AY SAVINGS BANK — LAW REN CE.
Incorporated March 9, 1872.
T
homas
S cott,
Present number o f corporators, 27.
President.
G
il b e e t
G
E. H
ood,
il b e r t
E. H
ood,
Treasurer.
Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
T
W
homas
A. W . Ste a r n s,
C. C. C l o s s o n ,
S cott,
il l ia m
P. C l a r k ,
M
o r r is
K
now les.
Open for business every business day, except Saturday, 9
a .m
.
to 1
p .m
.
B alance Sheet , October 31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loan on railroad stocks, .
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Cash on hand, .
.
.
.
L ia b il it ie s .
$109,000
134,100
59,700
170,000
76.000
20.000
354,526
261,225
12,279
529
00
00
00
00
00
00
80
00
97
31
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,197,361 08
$1,122,306 11
34,150 CO
14,820 24
26,084 73
$1,197,361 08
Cash on Deposit in Bank : —
Lawrence National Bank, Lawrence............................................................................ $12,279 97
Loans on Bank Stock, amount on each: —
On 5 shares Atlantic National Bank, B o s t o n , ................................................. 1
On 3 shares National Hide and Leather Bank, Boston,
.
.
.
.
On 10 shares National Bank of the Republic, B oston,........................................
On 12 shares National Rockland Bank, B o s t o n ,.................................................
On 4 shares National Revere Bank, Boston.............................................................. 1 S9 000 00
On 16 shares Second National Bank, B o s t o n , .................................................
’
On 10 shares Shawmut National Bank, B o s t o n ,.................................................
On 3 shares Suffolk National Bank, B o sto n ,...........................................................
On 3 shares City National Bank, G l o u c e s t e r , .................................................
On 24 shares Lawrence National Bank, L a w r e n c e , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
4,400 00
9,300 00
134 shares Bay State National Bank, Lawrence,
51 shares Pacific National Bank, Lawrence, .
100 shares Pacific National Bank, Lawrence, .
40 shares Arlington National Bank, Lawrence,
15 shares Pemberton National Bank, Lawrence,
33 shares Arlington National Bank, Lawrence,
12 shares Lawrence National Bank, Lawrence,
20 shares Arlington National Bank, Lawrence,
150 shares Pemberton National Bank, Lawrence,
o
o
o
On
On
On
On
On
On
On
On
On
[Pub. D oc.
R E P O R T O F TH E
68
5,500 00
4,500 00
2,000 00
15,000 00
Loans on Railroad Bonds, amount on each: —
$1,000 Boston & Maine R .R ., .
.
$28,000 Upper Coos R .R .,
.
.
$30,000 Concord & Montreal R .R ., .
$25,000 Concord & Montreal R .R ., .
.
.
o
o
On
On
On
On
00
25,000 00
25,000 00
25,000 00
.
.
Loan on Railroad Stock: —
$20,000 00
On 165 shares Boston & Maine Railroad,
Detailed Statement o f Public Funds.
P a r V alue.
City of Peoria, 111., 4|s,
of East Providence, R. I., 4s, .
of Lynn, Mass., 4s, .
$24,000
75.000
10.000
E stim ated
M ark et V a lue.
$24,720 00
76,125 00
10,200 00
A m ou n t In v ested .
$24,000 00
75.000 00
10.000 00
$109,000 $111,045 00 $109,000 00
S hares.
N o. o f
I
Detailed Statement o f Bank Stocks.
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’i Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
100
50 N’l B’k of No. Ameidca, Boston,
44 National City Bank, Boston, .
50 National Eagle Bank, Boston,
15 N’l Hide & Leather B’k,Boston,
50 Nat’l Webster Bank, Boston, .
50 State National Bank, Boston, .
76 Shawmut Nat’l Bank, Boston,
50
50
33
50
50
50
50
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
P a r V alue.
$5,000
5,000
3,300
5,000
5,000
5,000
5,000
10,000
5,000
4,400
5,000
1,500
5,000
5,000
7,600
E stim ated
M a rk et V alue.
$6,100
5,175
3,300
6.000
5,525
5,087
5,000
12,775
6,175
4,224
5,150
1,860
5,000
6,100
9,576
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
A m ou n t In v ested.
$5,000
5,000
3,300
5,000
5,000
5,000
5,000
10,000
5,000
4,400
5,000
1,500
5,000
5,000
7,600
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
No. 8 .]
69
SA Y IN G S B A N K CO M M ISSION ERS
N o. o f
Shares.
Detailed Statement o f Bank Stocks — Concluded.
100
100
169
64
140
P a r V alue.
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Bay State N’l B’k, Lawrence, .
Lawrence N’l B’k, Lawrence, .
$10,000
10,000
16,900
4,800
14,000
$132,500
E stim ated
M a rk et V alue.
$9,300
10,600
17,238
8,960
17,220
00
00
00
00
00
$150,365 50
A m ou n t In v ested .
$10,000
10,000
16,900
6,400
14,000
00
00
00
00
00
$134,100 00
Detailed Statement o f Railroad Bonds.
P a r V alue.
Boston & Albany 5s,
Fitchburg R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
$10,000
50.000
50.000
10.000
50,000
$170,000
E stim ated
M a rk et V alue.
$10,750
52.500
50,000
10,100
50.500
00
00
00
00
00
$173,850 00
A m ou n t In v ested .
$10,000
50.000
50.000
10.000
50,000
00
00
00
00
00
$170,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
A m ou n t.
$12,279
10,000
25,000
341,850
97
00
00
00
K ate.
A m ou n t.
K ate.
A m ou n t.
3J per cent.
4a
»
q
“
5
“
$70,000 00
130,200 00
10,000 00
5.1 per cent.
5è
“
5|
“
$179,150 50
503 00
4,748 30
K ate.
6 per cent.
6i
“
7
Number of loans which are of an amount not exceeding $3,000 each,. 200
Aggregate amount of the s a m e , ...............................................................................$151,585 00
Total number o f loans upon real e s t a t e , ................................................. 218
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
57,881 02
Times for the dividends fixed by the b y-la w s: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the j 2 per cent., r
year ending Oct. 31, 1 8 9 1 , ...........................................................] 2£ per cent., j
Number o f accounts opened during the year ending Oct. 31, 1891,
687
Number of accounts closed during the year ending Oct. 31, 1891,
474
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,902
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , ..................................................................................................
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Federal Reserve Bank of St. Louis
19,933 25
25,876 42
3,854 48
R E P O R T O F TH E
70
[Pub. D oc.
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.....................................................................
Number of same, .
.....................................................................3,284
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of same............................................................................................... 1,868
Date o f examination by commissioner: February 12.
$278,566 44
225,732 48
C ommonw ealth of M assachusetts .
E ssex , ss.
N ov . 11, 1891.
Personally appeared Gilbert E . Hood, Treasurer of the Broadway Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex ,
H . L . S h e r m a n , Justice o f the Peace.
N ov. 11,1891.
ss .
Personally appeared Thomas Scott, President, and C. C. Closson, Daniel Hardy,
W m . P. Clark, Charles T . Main and W ilbur E . Rowell, trustees o f said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H . L . S h e r m a n , Justice o f the Peace.
No. 8 .]
71
S A Y IN G S B A N K CO M M ISSION ERS.
BROCKTON SAVINGS BANK — BROCKTON.
Incorporated March 3, 1881.
John Jay W
h ip p l e
W
,
Present number of corporators, 45.
President.
il l ia m
Ch
W . Cross.
C. Crooker,
arles
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
S. P a c k a r d ,
D
a v is
B
radford
E . J on es,
G
ardner
J. K
John
J. W
h ip p l e
E
H. R
eyn o lds,
nos
in g m a n
,
.
Open for business every business day, 9
a .m
.
to 2
p .m
.
B a l a n c e S h e e t , O c t o b e r 31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , .......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)............................................
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Bank building account,
Suspense account,
Cash on hand,
.
.
.
.
L ia b ilit ie s .
$194,100 00
23,800 00
171,000 00
88,000 00
634,355 00
176,755 00
2,000
27,135
260
15,000
624
269
5,487
00
67
73
00
67
13
41
$1,338,787 61
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Unsettled mortgage
loans,
Real estate income
account,
$1,297,193 01
32,000 00
1,750 13
3,660 07
3,850 00
334 40
$1,338,787 61
Cash on Deposit in Banks, amount in each: —
Brockton National Bank, B r o c k t o n , .................................................................... $13,633 67
Home National Bank, B r o c k t o n ,..............................................................................
13,502 00
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Federal Reserve Bank of St. Louis
72
R E P O R T O F TH E
[Pub. D oc
Detailed Statement o f Public Funds.
P a r V alue.
City of Biddeford, Me., 4s,
of Brockton, Mass., 4s,
of Brockton, Mass., 5s,
of Cleveland, Ohio, 6s,
of Cleveland, Ohio, 7s,
District of Columbia 6s, .
District of Columbia 7s, .
.
.
.
.
$1,000
167,400
5,700
5.000
5.000
7.000
3.000
E stim ated
M a rk et V alue.
$1,010
170,440
6,210
5,450
5.350
8.350
3,770
00
00
00
00
00
00
00
A m ou n t In v ested .
$1,000
167,400
5,700
5.000
5.000
7.000
3.000
00
00
00
00
00
00
00
$194,100 $200,580 00 $194,100 00
N o. o f
Shares.
Detailed Statement o f Bank Stocks.
10
10
10
10
28
50
20
100
P a r V alue.
Manuf’rs’ Nat’l Bank, Boston,
N’l B’k of No. America, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Brockton Nat’l B’k, Brockton,
Home Nat’l Bank, Brockton, .
Third National Bank, Boston,
$1,000
1,000
1,000
1,000
2,800
5,000
2,000
10,000
$23,800
E stim ated
M arket V alue.
$1,017
1,235
1,000
1,260
2,856
6,250
3,000
10,600
50
00
00
00
00
00
00
00
$27,218 50
A m ou n t In v ested .
$1,000
1,000
1,000
1,000
2,800
5,000
2,000
10,000
00
00
00
00
00
00
00
00
$23,800 00
Detailed Statement o f Railroad Bonds.
P a r V a lu e.
Boston,Revere Beach & Lynn R.R. 6s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Lowell R.R. 7s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R 7s, .
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,000
1,000
17,000
17,000
20,000
10,000
1,000
E stim ated
M ark et V a lue.
$4,365
1,060
18,400
18,570
20,530
10,450
00
00
00
00
00
00
1,130 00
A m ou n t In vested.
$4,000
1,000
17,000
17,000
20,000
10,000
00
00
00
00
00
00
1,000 00
N o. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
73
Detailed Statement o f Railroad Bonds — Concluded.
P a r V a lue.
Conn. &Passumpsic Rivers R.R. 7s,
Fitchburg R R. 6s, .
.
.
.
Newport & Richford R R. 5s, .
Nashua & Rochester R.R. 5s, .
Nashua & Lowell R.R. 6s,
Maine Central R.R. 6s, .
Old Colony R.R. 6s,.
Old Colony R.R. 7 s,.
Vermont & Massachusetts R.R. 5 s,.
Worcester & Nashua R.R. 5s, .
$11,500
40.000
6,000
4.000
2.000
3.000
10.000
10,000
9.000
5,500
$171,000
E stim ated
M a rk et V a lue.
$11,845
42,400
6,280
4,090
2,065
3,450
10,840
10,570
9,765
5,555
AuiuUiit In v ested .
$11,500
40.000
6,000
4.000
2.000
3.000
10.000
10,000
9.000
5,500
00
00
00
00
00
00
00
00
00
00
$181,365 00
00
00
00
00
00
00
00
00
00
00
$171,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
A m ou n t.
K ate.
A m o u n t.
24 per cent.
$250,050 00
96,000 00
445,760 00
5 per cent.
5à
“
6
OO
OO
l>
-C
O
r—
I
$27,135 67
2,000 00
17,000 00
4
4h
“
OO
OO
K ate.
A m ou n t.
R ate.
6^ per cent.
7
Amount invested in real estate for banking purposes, including furniture
and f i x t u r e s , ........................................................................................................... $103,000 00
Estimated value o f the s a m e , ...............................................................................
103,000 00
Assessed value of the s a m e ,.........................................................................................
82,250 00
Net income received from same during year ending Oct. 31, 1891,
.
.
2,274 06
Number of loans which are of an amount not exceeding $3,000 each, 345
Aggregate amount o f the same,
..............................................................................
387,160 00
Total number of loans upon real e s t a t e , .................................................365
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
62,823 92
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annual dividend during the 1 2 per cent.( r 20,885 28
year ending Oct. 31, 1 8 9 1 , .......................................................... 1 2 per cent., {
21,805 32
Number of accounts opened during the year ending Oct. 31, 1891,
1,992
Number of accounts closed during the year ending Oct. 31, 1891,
1,220
Total number of open accounts Oct. 31, 1891,
.
.
.
.
6,461
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , ..................................................................................................
3,838 90
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
599,845 72
Number of s a m e , ........................................................................................ 9,566
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ........................................................................................ 6,762
Date of examination by commissioner: M ay 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
485,435 32
74
K E P O B T O F TH E
Com
m onw ealth
of
M
[Pub. D oc.
assach u setts.
N o v . 9, 1891.
Personally appeared Charles C. Crooker, Treasurer of the Brockton Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
P
lym ou th
,
ss.
Before me,
P
lym outh
,
Ch
arles
W. K
in g m a n
,
Justice o f the Peace.
N ov. 9, 1891.
ss.
Personally appeared John Jay Whipple, President, and W illiam W . Cross, Chas. H .
Cary, B. E . Jones, Geo. E . Freeman, Ziba C. Keith, Loring W . Puffer and Sewall P.
Howard, trustees of said corporation, and severally made oath that the annexed report
is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
Ch
arles
W. K
in g m a n
,
Justice o f the Peace.
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
75
BROOKFIELD SAVINGS BANK — BROOKFIELD.
Incorporated April 12, 1872.
Present number of corporators, 28.
I I e n r t D . F a r e s , President.
H i r a m P. G e r a l d , Treasurer.
H ir a m P. G e r a l d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
H . Y . Cro sby,
G e o r g e S. D u e l l ,
W . T ufts.
Open for business every business day, 8
a .m .
B a l a n c e Sh e e t , O c t o b e r
to 12
m.
; 1 to 6
p .m .
31,1891.
A ssets .
L ia b ilit ies .
■
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
$400 00
44,470 50
18,146 00
10,000
927
51
530
Deposits, .
Guaranty fund,
Interest account,
$71,373 56
1,832 03
1,320 15
00
39
50
35
$74,525 74
$74,525 74
Cash on Deposit in Banks, amount in each: —
First National Bank, Worcester....................................................................................
Mechanics’ National Bank, W orcester,....................................................................
City National Bank, W o r c e s t e r ,...............................................................................
Central National Bank, W o r c e s t e r , .....................................................................
Boston Safe Deposit and Trust Company, B o s t o n , ........................................
$257
235
357
72
4
91
66
67
12
03
Total Amount o f Loans with Each Specified Bate o f Interest.
Amount.
$927 39
5,000 00
Rate.
2 per cent.
4
“
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Federal Reserve Bank of St. Louis
Amount.
$5,000 00
7,000 00
Rate.
4£ per cent.
5
Amount.
$5,800 00
49,816 50
Rate.
5£ per cent.
6
76
R E P O R T O F TH E
[Pub. D oc.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are o f an amount not exceeding $ 1,000 each, 108
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 60
Gross amount o f interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 1 , ...............................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount o f each isemi-annual dividend during the } 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ........................................................... f 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 106
Number of accounts closed during the year ending Oct. 31, 1891,
.
85
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 538
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f taxes)..............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ...................................................................................................401
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , .............................................................................. .........
538
Date of examination by commissioner: January 26.
C omm onw ealth
W
o rcester, ss.
op
$400 00
450 00
38 00
72,616 50
3,100 21
1,462 18
1,371 34
159 68
20,888 27
25,241 86
M assach usetts.
N ov . 23, 1891.
Personally appeared Hiram P. Gerald, Treasurer o f the Brookfield Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
W
o rcester, ss.
H i r a m E . C a p e n , Justice o f the Peace.
N ov . 23, 1891.
Personally appeared Henry D . Fales, President, and William F . Hayden, Levi Davis,
H . P. Gerald, J. W . Livermore and Washington Tufts, trustees o f said corporation, and
severally made oath that the annexed report is correct, according to their best knowl
edge and belief.
Before me,
H ir a m E . C a p e n , Justice o f the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
77
BROOKLINE SAVINGS BANK — BROOKLINE.
Incorporated Feb. 24, 1871.
W
il l ia m
Present number of corporators, 40.
H . L in c o l n , President.
W i l l i a m E . L in c o l n , Treasurer.
W i l l i a m E . L in c o l n , Clerk o f the Corporation.
Names of committee charged with the investment o f its funds :
C h a s. H . Stearn s,
T h o s . P. R i t c h i e ,
N a t h ’l L y fo r d ,
B. W . N e a l,
B en j. F . B a k e r ,
W i l l i a m E . L in c o l n .
Open for business Monday and Saturday, 4 to 8
e .m .
B a l a n c e Sh e e t , O c t o b e r
A ssets .
; Wednesday, 3 to 5
p .m .
31, 1891.
L ia b ilit ie s .
Public funds as per schedule, .
Bank stock as per schedule.
Railroad bonds as per schedule,
Real estate (for banking pur
poses) ..............................................
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand....................................
$64,024 60
32,646 63
25,800 00
7,231
359,566
96,200
34,819
569
1,815
Deposits, .
Guaranty fund,
Interest account,
$609,281 81
8,943 31
4,447 76
36
50
00
31
08
40
$622,672 88
$622,672 88
Cash on Deposit in Banks, amount in each : —
Brookline National Bank, B r o o k l i n e ,.................................................................... $27,849 12
Shawmut National Bank, B o sto n ,..............................................................................
6,680 96
Central National Bank, B o s t o n , ..............................................................................
289 23
Detailed Statement o f Public Funds.
Par Value.
Town of
of
of
of
Brookline, Mass., 7s,
Brookline, Mass., 4^s,
Brookline, Mass., 4s,
Brookline, Mass., 3-|s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,000
10,000
42,000
7,000
$63,000
Estimated
Market Value.
$4,680
10,100
42,590
6,930
00
00
00
00
$64,300 00
Amount Invested.
$4,200
10,000
42,807
7,017
00
00
10
50
$64,024 60
78
R E P O R T O F TH E
[Pub. D oc.
No. of
Shares.
Detailed Statement o f Bank Stocks.
75
30
30
50
37
12
20
Par Value.
Central Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Tremont JSTat’l Bank, Boston, .
National City Bank, Boston, .
National Revere Bank, Boston,
National Eagle Bank, Boston,
Brookline N’l B’k, Brookline,
$7,500
3,000
3,000
5,000
3,700
1,200
2,000
$25,400
Estimated
Market Value.
$10,650
3,420
3,060
4,800
3,922
1,236
2,400
00
00
00
00
00
00
00
$29,488 00
Amount Invested.
$11,400
5,000
3,344
5,531
4,057
1,314
2,000
00
00
13
25
00
25
00
$32,646 63
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 4s,
Fitchburg R.R. 5s,
.
.
Estimated
Market Value.
Amount Invested.
$10,000
15,000
$9,700 00
16,000 00
$10,000 00
15,800 00
$25,000
$25,700 00
$25,800 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$34,819 31
21,300 00
Kate.
Amount.
Rate.
2J per cent.
4*
“
$318,816 50
88,300 00
5 per cent.
5£
Amount.
$27,100 00
250 00
Kate.
6 per cent.
7
Amount invested in real estate for banking p u rp o se s,........................................$7,231 36
Estimated value of the s a m e ,........................................................................................
7,500 00
Assessed value of the s a m e , ........................................................................................
6,100 00
Net income received from same during year ending Oct. 31, 1891,
. .
240 00
Number of loans which are of an amount not exceeding $3,000 each, 70
Aggregate amount of the s a m e , ..............................................................................
94,350 00
Total number o f loans upon real e s t a t e , ................................................. 113
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ...............................................................................
26,126 55
Times for the dividends fixed by the b y-law s: second Monday in January
and July.
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
9,628 93
year ending Oct. 31, 1 8 9 1 ,........................................................... i 2 per cent., I
10,300 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
79
Number of accounts opened during the year ending Oct. 31, 1891,
. 982
Number of accounts closed during the year ending Oct. 31, 1891,
. 390
Total number of open accounts Oct. 31, 1891,
.
.
.
.
3,676
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f taxes).............................................................................................................$2,608 56
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
219,521 64
Number of same..........................................................................
.
.
6,286
Am ount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ...........................................................................................................
Number of s a m e , ........................................................................................ 2,386
Date of examination by commissioner : M ay 7.
Co m m o n w e a lth
Suffolk,
op
157,611 45
M a s sa c h u s e t t s .
N ov . 17, 1891.
ss .
Personally appeared W illiam E . Lincoln, Treasurer of the Brookline Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Suffolk,
A l b e r t L . L in c o l n , Jr., Justice o f the Peace.
N o v . 17, 1891.
ss .
Personally appeared William H . Lincoln, President, and Cadwallader Curry, James
P . Stearns and W illiam Lincoln, and in Norfolk, ss., on the same day, Horace James
and Benjamin F . Baker, trustees of said corporation, and severally made oath that the
annexed report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
A l b e r t L . L in c o l n , Jr., Justice o f the Peace.
80
R E P O R T O F TH E
[Pub. D oc
CAMBRIDGE SAVINGS BANK - CAMBRIDGE.
Incorporated April 2, 1834.
C h a r l e s W . S e v e r , President.
Ja m e s H . W
Present number o f corporators, 43.
O s c a r F . A l l e n , Treasurer.
yeth,
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
A n d r e w S. W a i t t ,
C h a s . W . Se v e r ,
W il l ia m K im b a l l ,
J os. R . P e t t in g il l ,
E d w in D re sser,
J o h n T . G. N ic h o l s ,
E d w a r d R . Co g sw e l l .
Open for business every business day, 8
B a l a n c e Sh e e t , O cto ber
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on railroad bonds, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
In su ra n c e ,.......................................
Cash on hand, .
.
.
.
a .m .
to 1
p .m
.
31, 1891.
L iab ilit ies .
$277,000
259,401
52,250
245,500
5,800
14,738
1,408,163
707,748
325
46,218
1,841
57
•5,009
00
85
00
00
00
34
00
72
00
14
04
70
83
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Unsettled mortgage,
$3,024,053 62
$2,860,128 53
84,200 00
43,180 36
36,032 23
512 50
$3,024,053 62
Cash on Deposit in Banks, amount in each: —
Charles River National Bank, Cambridge, .
Maverick National Bank, B o sto n ,........................................
National City Bank, Cambridge............................................
$16,860 34
4,357 80
25,000 00
Loans on Bank Stock, amount on each : —
O
O
kO
On 2 shares Charles River National Bank, Cambridge,
On 3 shares Third National Bank, Springfield,
cT
On 500 shares Maverick National Bank, Boston, .
On 20 shares Eaneuil Hall National Bank, Boston,
00
2,000 00
250 00
Loans on Railroad Bonds, amount on each: —
On $1,000 Old Colony R .R .......................................................
On $5,000 Fitchburg R . R . , .................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$800 00
5,000 00
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
81
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s,
of Fall River, Mass., 6s, .
of Providence, R. 1 , 5s, .
of Springfield, Mass., 7s,.
Town of Westborough, Mass., 5s, .
Commonwealth of Massachusetts 5s,
Town of Brookline, Mass., 4 s,.
City of Chicago, 111., 6s, .
of Chicago, 111, 7s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Cleveland, Ohio, 7s, .
of Fort Wayne, Inch, 6s, .
Town of Marshfield, Mass., 4s,
of Medford, Mass , 4s, .
City of Saginaw, Mich , 4|s, .
of Saginaw, Mich , 5s,
of Waltham, Mass , 4s, .
$2,000
20,000
10,000
21,000
22,000
1,000
14,000
4,000
41,000
5,000
♦ 16,000
9,000
7,000
3,000
1,000
55,000
13,000
25,000
1,000
7,000
Estimated
Market Value.
$2,300 00
20,800 00
11,700 00
25,300 00
24,000 00
1,200 00
16,100 00
4,100 00
41,200 00
5,500 00
18,000 00
9,700 00
7,500 00
3,200 00
1,100 00
55,500 00
13,100 00
26,300 00
1,100 00
7,100 00
Amount Invested.
$2,000
20,000
10,000
21,000
22,000
1,000
14,000
4,000
41,000
5,000
16,000
9,000
7,000
3,000
1,000
55,000
13,000
25,000
1,000
7,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$277,000 $294,800 00 $277,000 00
*
No. of
Shares.
Detailed Statement o f Bank Stocks.
159
265
18
107
42
9
69
93
114
58
134
10
50
145
200
117
125
11
11
28
Par Value.
Atlas National Bank, Boston, .
Boston National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston,
Mai'ket National Bank, Boston,
Merchants’ N’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Suffolk National Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
N’l Bank of Commerce, Boston,
Nat’ l Exchange Bank, Boston,
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,900
26,500
1,800
10,700
4,200
900
6,900
9,300
11,400
5,800
13,400
1,000
5,000
14,500
20,000
11,700
12,500
1,100
1,100
2,800
Estimated
Market Value.
Amount Invested.
$19,239 00
29,680 00
2,340 00
13,054 00
5,964 00
900 00
6,900 00
11,160 00
12,540 00
5,800 00
20,100 00
1,260 00
6,050 00
15,370 00
21,200 00
11,934 00
15,875 00
1,496 00
1,133 00
3,472 00
$19,054 25
29,134 37
2,203 25
12,489 12
5,484 75
997 25
8,919 26
11,590 00
12,831 49
6,280 63
18,207 25
1,206 25
5,481 25
17,836 50
19,781 12
14,003 25
15,309 99
1,575 75
1,241 88
3,144 00
1
82
R E P O R T O F TH E
■
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
1
■
1
■
146
1
1
1
1
46
50
60
50
Par Value.
Nat’l Revere Bank, Boston,
SO Nat’l Rockland Bank, Boston,
.
5 Nat’l Union Bank, Boston,
25
114,600
3.000
500
Charles River National Bank,
Cambridge, .
.
.
.
Newton Nat’l Bank, Newton, .
Naumkeag Nat’l Bank, Salem,
First Nat’l Bank, New Bedford,
National Bank of Commerce,
New Bedford,
♦
1
Estimated
Market Value.
Amount Invested.
1
$15,476 00
4,590 00
700 00
$17,499 99
4,625 25
719 00
1
00
00
00
00
I
1
I
I
6,160 00
I
$256,198 00 $259,401 85
I
2,500
4,600
5.000
6.000
3,875
4,140
7,700
9,300
5,000
4,950 00
$217,700
00
00
00
00
2,526
5,880
7,800
7,420
1
1
Detailed Statement o f Railroad Bonds.
Par Value.
1
I
I
1
I
1
1
I
1
1
I
1
[Pub. D oc.
Estimated
Market Value.
Amount Invested.
1
▼
Boston & Alban}7 R.R. 7s,
Lowell & Andover R R 6s,
Fitchburg R R. 4|s, .
.
.
.
Fitchburg R.R. 5s, .
.
.
.
Boston & Lowell R R. 5s,
Boston & Lowell R.R 5s,
Lowell & Lawrence R R. 6s, .
Maine Central R.R. 4is, .
Maine Central R.R. 7s, .
Portland & Ogclensburg R R. 6s,
Vermont and Massachusetts R.R. 5s,
$4,000
1,000
50.000
125,000
3.000
4.000
6.000
25.000
16,500
9.000
2.000
$4,000
1,000
50,500
134,000
3.100
4,300
6,700
26,700
22,600
10,300
2.100
00
00
00
00
00
00
00
00
00
00
00
$4,000
1.000
50.000
125,000
3.000
4.000
6.000
25.000
16,500
9.000
2.000
00
00
00
00
00
00
00
00
00
00
00
$245,500 $265,300 00 $245,500 00
I
I
I
■
I
■
■
I
1
■
■
1
= =
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$3,453
46,218
55,950
62,500
298,000
ltate.
72
14
00
00
00
0 per cent.
2k “
“
“
4k “
4
44
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$898,195
37.000
237,737
20.000
Kate.
00
00
00
00
5 per cent.
54
“
H
5f
“
“
■
Amount.
$503,926
29,175
27,350
1,000
00
00
00
00
1
6 per cent.
H “
7
“
Ik “
H
■
■
■
SA V IN G S B A N K CO M M ISSION ERS.
83
Value, by books, of real estate held or owned by foreclosure or otherwise,
$14,738 34
21,900 00
No. 8 .]
Assessed value of the same............................................................................................
Number of loans which are of an amount not exceeding $>3,000 each, 332
Aggregate amount o f the s a m e , .............................................................................
Total number of loans upon real e s t a t e , ................................................ 429
Amount o f investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891.....................................................................................
Times for the dividends fixed by the b y-la w s: fourth Thursday in January
and July.
Rate and amount of each semi-annual dividend during thel 2 per cent., r
year ending Oct. 31, 1891............................................................... 12 per cent., j
Number of accounts opened during the year ending Oct. 31, 1891,
1,190
Number of accounts closed during the year ending Oct. 31, 1891,
. 829
Total number of open accounts Oct. 31, 1891,
.
.
.
.
8,219
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) ,..........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number of s a m e , .......................................................................................9,338
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891...............................................................................................................................
Number of same............................................................................................. 7,597
Date of examination by commissioner: April 7.
Com m onw ealth
M id d l e s e x ,
oe
419,498 00
3,453 72
145,560 71
51,656 20
53,251 74
5,972 87
587,751 53
552,504 32
M a s sa c h u s e t t s .
ss .
N o v . 11, 1891.
Personally>ppeared Oscar F. Allen, Treasurer of the Cambridge Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by'him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to_which they relate, according to his best knowledge and belief.
Before me,
W
il l ia m
M id d l e s e x ,"s s .
B. D u r a n t , Justice o f the Peace.
Nov. 11, 1891.
Personally appeared Charles W . Sever, President, and James H. W yeth, Stephen W .
Driver, John W ilson, Franklin Perrin and John H . Hubbard, trustees of said corpora
tion,'and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
W
il l ia m
B. D u r a n t , Justice o f the Peace.
84
R E P O R T O F TH E
[Pub. D oc.
CAMBRIDGEPORT SAVINGS BANK — CAMBRIDGEPORT.
Incorporated Feb. 22, 1853.
Present number of corporators, 16.
J o se p h A . H o l m e s , President.
H e n r y W . B u l l a r d , Treasurer.
J. F . L a n e , Clerk o f
th e
Corporation.
Names of committee charged with the investment o f its funds :
J o se p h A . H o l m e s ,
D a n ie l U . C h a m b e r l in ,
B e n j a m in R . T il t o n .
Open for business every business day, 8.30
B a lan c e S h ee t, O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,.......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
a .m .
to 1.30
p .m .
31, 1891.
L ia b il it ie s .
$1,556,618
106,925
276,000
23.000
1,165,234
251,900
90
00
00
00
14
00
75.000
39.000
1,361
1,283
00
00
88
03
$3,496,322 95
Deposits, .
Guaranty fund,
Interest account,
$3,332,209 29
125,000 00
39,113 66
$3,496,322 95
Cash on Deposit in Banks, amount in each : —
First National Bank, C a m b rid g e p o r t,.....................................................................$13,000 00
Cambridgeport National Bank, C am b rid gep ort,.................................................
13,000 00
National City Bank, Cambridgeport...........................................................................
13,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS
85
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 5s, .
of Boston, Mass , 6s, .
of Cambridge, Mass , 6s,
of Cambridge, Mass., 4s,
of Cleveland, Ohio, 6s,
of Cleveland, Ohio, 7s,
of Cleveland, Ohio, 3.65s, .
of Cleveland, Ohio, 4s,
of Chicago, 111 ,7s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s,
of Grand Rapids, Mich., 4 s,.
of Grand Rapids, Mich., 8s,.
of Lawrence, Mass , 4s,
of Middletown, Conn., 4s, .
of New Bedford, Mass., 5s, .
of New Britain, Conn., 4s, .
of Newton, Mass , 4s, .
of Newton, Mass., 6s, .
of Pawtucket, R. I., 4s,
of Peoria, 111., 4is,
. .
of Reading, Penn., 4s, .
of Springfield, Mass , 7s,
of Springfield, Ohio, 4Js,
of Taunton, Mass , 4s, .
of Worcester, Mass., 4s,
of Worcester, Mass., 5s,
District of Columbia 6s,
Town of Beverly, Mass., 4s,
of East Providence, R.I., 4s,
of Kingston, Mass., 4s,
of Maynard, Mass., 4s,
of Rockland, Mass., 4s,
of So. Abington, Mass , 4s,
of Waltham, Mass., 4s,
of Weymouth, Mass., 4s, .
of Woonsocket, R. I., 4s, .
City of Dayton, Ohio, 6s,
of Fall River, Mass., 41s, .
of Providence, R I., 5s,
of Pawtucket, R. I., 6s,
of Somerville, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$45,118
39,000
18,000
195,000
12,000
25,000
7,000
14,000
25,000
40,000
50,000
19,000
5,000
58,000
25,000
5,000
5,000
13,000
3,000
100,000
50,000
55,000
15,000
50,000
35,500
50,000
20,000
10,000
72,000
50,000
32,000
40,000
54,000
19,000
7,000
31,000
50,000
40,000
40,000
100,000
20,000
13,000
90
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Estimated
Market Value.
$48,804
41,400
19,022
197,125
12,910
26,162
6,720
14,000
26,802
40,000
50,000
19,000
5,600
58,290
25,000
5,450
5,000
13,000
3,660
101,500
51,500
55,000
17,550
51,000
35,500
50,000
22,350
10,100
73,440
50,500
32,240
40,600
54,270
19,190
7,000
31,465
50,250
44,400
41,800
116,000
21,200
13,000
Amount Invested.
84
$45,118 90
39,000 00
00
18,000 00
50
195,000 00
00
12,000 00
00
25,000 00
50
7,000 00
00
14,000 00
00
50
25,000 00
*40,000 00
00
00
50,000 00
00
19,000 00
00
5,000 00
58,000 00
00
00
25,000 00
00
5,000 00
00
5,000 00
00
13,000 00
3,000 00
00 ,
00
100,000 00
00
50,000 00
00
55,000 00
00
15,000 00
50,000 00
00
35,500 00
00
50,000 00
00
20,000 00
00
10,000 00
00
72,000 00
00
50,000 00
00
32,000 00
00
40,000 00
00
54,000 00
00
19,000 00
00
00
7,000 00
31,000 00
00
50,000 00
00
00
40,000 00
40,000 00
00
00
100,000 00
20,000 00
00
00
13,000 00
$1,556,618 90 $1,607,802 34 $1,556,618 90
A legal investment when made.
[Pub. D oc
R E P O R T O F TH E
86
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
40
50
100
56
206
150
100
50
75
100
40
14
Par Value.
$5,000
4,000
5,000
10,000
5,600
20,600
15,000
10.000
5,000
7,500
10,000
Blackstone Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,.
N’l B’k of Commerce, Boston,
National Union Bank, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Nat’l Webster Bank, Boston, .
First Nat’l Bank, Cambridge,
Cambridgeport Nat’l Bank,
Cambridge, .
.
.
.
Nat’l City Bank, Cambridge, .
Estimated
Market Value.
$5,000
4,880
5,012
12,000
7,154
28,891
15,937
10,225
5,925
7,500
18,000
00
00
50
00
00
50
50
00
00
00
00
Amount Invested.
$5,000
4,000
5,000
10,000
5,600
20,600
15,000
10,000
5,000
7,500
13,825
00
00
00
00
00
00
00
00
00
00
00
4,000
1,400
5,600 00
2,450 00
4,000 00
1,400 00
$103,100
$128,575 50
$106,925 00
Detailed Statement o f Railroad Bonds.
I
'
! Par Value.
Boston & Albany R.R. 7s,
Fitchburg R R. 7s, .
Fitchburg R.R 5s, .
Fitchburg R.R. 4s, .
Old Colony R R 7s,.
Old Colony R.R. 4s,.
Old Colony R R. 6s,.
Vermont & Massachusetts R R. 5 s,.
Boston & Providence R.R. 7s, .
$63,000
6,000
22,000
50,000
16,000
50,000
4,000
60,000
5,000
$276,000
Estimated
Market Value.
$63,315
6,300
23,070
48,000
16,960
50,000
4,380
63,600
5,200
00
00
00
00
00
00
00
00
00
Amount Invested.
$63,000
6,000
22,000
50,000
16,000
50,000
4,000
60,000
5,000
00
00
00
00
00
00
00
00
00
$280,825 00 $276,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
Amount.
2 per cent.
3é
“
4
$75,000 00
1,136,779 33
18,850 00
4^ per cent.
5
“
5*
“
$166,504 81
4,550 00
950 00
Amount.
$39,000 00
50,000 00
39,500 00
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Federal Reserve Bank of St. Louis
Rate.
6 per cent.
6i
“
74
“
SA Y IN G S B A N K CO M M ISSION ERS.
87
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Number of loans which are of an amount not exceeding $3,000 each,
399
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate........................................................... 485
$23,000 00
31,400 00
No. 8 .]
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
539,179 33
183,696 22
Times for the dividends fixed by the b y-law s: third Wednesday in January
and July.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ...........................................................i 2 per cent., 1
Number of accounts opened during the year ending Oct. 31,1891,
1,269
Number of accounts closed during the year ending Oct. 31, 1891,
. 787
Total number of open accounts Oct. 31, 1891,
.
.
.
.
9,909
Total expenses o f the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , .................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , ...................................................................................... 10,114
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891...............................................................................................................................
Number of s a m e , .......................................................................................7,648
Date of examination by commissioner: March 27.
Com m onw ealth
M id d l e s e x ,
of
61,793 46
63,209 48
5,475 20
618,331 70
659,321 64
M assach u setts.
N ov . 16, 1891.
ss .
Personally appeared Henry W . Bullard, Treasurer of the Cambridgeport Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement o f all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
C h a r l e s G. P o p e , Justice o f the Peace.
N ov . 16, 1891.
ss .
Personally appeared Joseph A . Holmes, President, and Daniel U . Chamberlin, Henry
Endicott, W illard A . Bullard, Asa P. Morse, Dana W . Hyde and Benj. R . Tilton, trustees
of said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
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Federal Reserve Bank of St. Louis
Before me,
C h a s . G. P o p e , Justice o f the Peace.
88
R E P O R T O F TH E
[Pub. D oc.
CANTON" INSTITUTION FOR SAVINGS — CANTON.
Incorporated March 4, 1835.
Present number of corporators, 27.
C h a k l e s E n d ic o t t , President.
N a t h ’ l W . D u n b a r , Treasurer.
N a t h ’ l W . D u n b a r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
J a m e s S. S h e p a r d ,
F r a n c is D . D u n b a r ,
W
N a t h ’l W . D u n b a r ,
il l is
S. S h e p a r d ,
W
m.
0 . C hapm an.
Open for business every business day, 8
a .m .
to 12
m.
; 1.30 to 4
p .m .
B a l a n c e S h e e t , O c t o b e r 3 1 , 189 1 .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Cash on hand,
.
.
.
.
L ia b ilit ie s .
$114,100
52,725
30.500
820
289,830
91,783
00
00
00
00
00
75
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$600,203 10
23,000 00
1,716 45
5,991 51
31,226 00
19.500 00
426 31
$630,911 06
$630,911 06
Cash on Deposit in Bank : —
Neponset National Bank, Canton,
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Federal Reserve Bank of St. Louis
$ 19,500 00
No. 8 .]
89
S A Y IN G S B A N K CO M M ISSION ERS
Detailed Statement o f Public Funds.
Par Value.
County of Hampden, Mass., 3s,
City of Providence, R. L, 5s, .
of Taunton, Mass., 4s,
of Lawrence, Mass , 4s, .
of Waltham, Mass., 4s, .
of Lynn, Mass., 3Js,
of New Bedford, Mass., 3|s, .
Town of Norwood, Mass., 4s, .
of Canton, Mass., 4s,
$10,000
10,000
10,000
15,000
8,000
13,500
10,000
10,000
28,000
Estimated
Market Value.
$9,600
11,300
10,000
15,000
8,000
13,500
10,000
10,000
28,000
00
00
00
00
00
00
00
00
00
Amount Invested.
$9,600
10,000
10,000
15,000
8,000
13,500
10,000
10,000
28,000
00
00
00
00
00
00
00
00
00
$114,500 $115,400 00 $114,100 00
| Ko. of
Shares.
Detailed Statement o f Bank Stocks.
25
25
25
40
33
50
50
25
25
17
25
126
50
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Central Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Market Nat’l Bank, Boston, .
N’l B’k of No. America, Boston,
Nat’l Eagle Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Shoe & Leather N’l B’k,Boston,
Neponset Nat’l Bank, Canton,
Dedham Nat’l Bank, Dedham,
$2,500
2,500
2,500
4,000
3,300
5,000
5,000
2,500
2,500
1,700
2,500
12,600
5,000
$51,600
Estimated
Market Value.
$3,037
2,500
3,550
4,000
3,300
5,000
6,175
2,575
2,500
2,363
2,325
15,650
5,500
50
00
00
00
00
00
00
00
00
00
00
00
00
$58,475 50
Amount Invested.
$2,500
2,500
2,500
4,000
3,300
5,000
5,000
2,500
2,500
1,700
2,500
13,725
5,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$52,725 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 7s,
Eastern R.R. 6s,
. .
Fitchburg R.R. 4|s, .
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
Estimated
Market Value.
Amount Invested.
$5,000
5,500
20,000
$5,100 00
6,682 50
20,000 00
$5,000 00
5,500 00
20,000 00
$30,500
$31,782 50
$30,500 00
90
R E P O R T O F TH E
[Pub. D oc.
Total Amount o f Loans ivith Each Specified Rate o f Interest.
Amount.
$19,500 00
31,226 00
Rate.
Amount.
Rate.
2 per cent.
4
“
$143,675 00
11,500 00
5 per cent.
Si
“
Amount.
Rate.
$226,438 75 6 per cent.
Value, by books, of real estate held or owned by foreclosure or otherwise,
$820
Assessed value of the s a m e , .......................................................................................
750
Number of loans which are o f an amount not exceeding $3,000 each, 205
Aggregate amount of the s a m e , .............................................................................
185,538
Total number o f loans upon real e s t a t e , ................................................ 217
Amount of investments from which no income is received, .
.
.
.
600
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct, 31, 1891,
..............................................................................31,372
00
00
75
00
29
Times for the dividends fixed by the by-laws : first Tuesday in April
and October.
Rate and amount of each semi-annual dividend during the j 2£ per cent., f
13,926
year ending Oct. 31, 1 8 9 1 , ..........................................................J2 p e rc e n t.,!
11,276
Number o f accounts opened during the year ending Oct. 31, 1891,
. 312
Number o f accounts closed during the year ending Oct. 31,1891,
. 249
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,169
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes)............................................................................................................. 1,338
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
107,962
Number o f s a m e , .......................................................................................1,464
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891..................................................................................................
.
.
.
114,317
Number of s a m e , ....................................................................................... 1,070
Date o f examination by commissioner: May 12.
Com m onw ealth
N o r f o l k , ss.
of
89
89
10
33
29
M a ssa ch u setts.
N ov . 9, 1891.
Personally appeared Nath’l W . Dunbar, Treasurer of the Canton Institution for Sav
ings, and made oath that the foregoing statement, by him subscribed, is a true and cor
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
N o e f o l k , ss.
T h o m a s E . G e o v e e , Justice o f the Peace.
Nov. 9, 1891.
Personally appeared Charles Endicott, President, and Henry F . Buswell, Charles H .
French, W . O. Chapman, Edw. R . Eager and Jas. S. Shepard, trustees o f said corpora
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
W . W . D u n b a r , Justice o f the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
91
S A Y IN G S B A N K CO M M ISSION ERS.
CAPE AN N SAVINGS BANK — GLOUCESTER.
Incorporated April 15, 1846.
Present number of corporators, 44.
S a m u e l A . S t a c y , President.
G e o r g e J. M a r s h , Treasurer.
D a n ie l T . B a b so n , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
R obert R . F e a r s,
Joh n E . S o m e s,
S y l v e s t e r C u n n in g h a m ,
J oh n C o r l is s ,
G e o r g e J. M a r s h .
Open for business every business day, 9 a .m . to 1 p .m . ; 2 to 3
close at 1 p .m .
Balance
Sh ee t, O ctober
; during August,
31, 1891.
L iab ilit ies .
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , .......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
.
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Miscellaneous account,
Cash on hand,
.
.
.
.
p .m .
$25,000
1,000
244,400
23,000
31,875
00
00
00
00
00
1,000
2,877
1,569,294
925,259
00
96
00
00
10,300
5,221
1,287
159
10
2,994
00
64
21
02
50
11
$2,843,678 44
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Surplus, .
Taxes,
Due on mortgages, .
$2,601,075 61
125,000 00
28,992 33
4,987
75,377
4,307
3,937
50
61
62
77
$2,843,678 44
Cash on Deposit in Banks, amount in each : —
Maverick National Bank, B o s t o n ,............................................................................. $5,221 64
Gloucester National Bank, G lo u ce ste r,...................................................................
1,287 21
Loan on Public Funds : —
On $1,000 Cambridge, M ass., 6 s , .............................................................................. $1,000 00
Loan on Bank Stock : —
On 230 shares City National Bank, G l o u c e s t e r ,................................................ $23,000 00
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Federal Reserve Bank of St. Louis
92
[Pub. D oc
R E P O R T O F TH E
Detailed Statement o f Public Funds.
Par Value.
Town of Brookline, Mass., 7s,
City of Cambridge, Mass , 6s,
of Lawrence, Mass., 6s, .
of Northampton, Mass , 6s,
$5,000
10,000
5.000
5.000
$25,000
Estimated
Market Value.
$5,300
10,200
5,100
5,000
00
00
00
00
$25,600 00
Amount Invested.
$5,000
10,000
5.000
5.000
00
00
00
00
$25,000 00
I No. of
Shares.
Detailed Statement o f Bank Stocks.
100
100
112
95
50
100
100
100
30
50
100
50
50
70
200
50
100
100
25
166
150
50
100
50
50
100
61
50
100
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Central Nat’l Bank, Boston, .
National City Bank, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
Everett Nat’l Bank, Boston, .
Nat’l Exchange Bank, Boston,
Freeman’s N ’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchant’s N’l Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
N’l B’k of No. America, Boston,
Old Boston N’l Bank, Boston,
N’ l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
City Nat’l Bank, Gloucester, .
Cape Ann N’l B’k, Gloucester,
Gloucester N’l B’k, Gloucester,
Rockport N’l B’k, Rockport, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$10,000
10,000
11,200
9,500
5,000
$13,900
11,900
11,088
13,300
4,850
00
00
00
00
00
$10,000
10,000
11,200
9,500
5,000
00
00
00
00
00
10,000
10,000
10,000
3,000
5,000
10,000
5,000
5,000
7,000
20,000
5,000
10,000
10,000
2,500
16,600
15,000
5,000
10,000
5,000
5,000
10,000
6,100
5,000
10,000
18,200
12,600
10,300
3,060
6,750
9,700
4,850
5,850
7,560
29,600
8,100
13,700
12,600
2,925
20,584
24,300
9,150
12,700
6,050
4,950
15,000
8,540
6,500
12,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
10,000
10,000
10,000
3,000
5,000
9,000
4,500
5,000
7,000
20,000
5,000
10,000
10,000
2,500
16,600
15,000
5,000
10,000
5,000
5,000
10,000
6,100
5,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$245,900
$321,107 00 $244,400 00
No. 8 .]
93
S A Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Railroad Bonds.
Par Value.
Eastern R.R. 6s,
.
.
$42,500
.
Estimated
Market Value.
Amount Invested.
$51,000 00
$31,875 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount.
Rate.
2\ per cent.
$85,700 00
2,033,723 00
5J per cent.
6
“
Amount.
$5,221 64
10,300 00
271,700 00
4
5
“
“
Rate.
Amount.
$87,530 00
39,900 00
6£ per cent.
7
Amount invested in real estate for banking p u r p o se s,.......................................
$
1,000 00
Estimated value of the s a m e , ..............................................................................
Assessed value of the s a m e , .......................................................................................
Net income received from same during year ending Oct. 31, 1891,
Value, by books, of other real estate, held or owned by foreclosure or
7,000 00
8,200 00
93 00
o t h e r w i s e ,....................................................................................................................
Assessed value of the same............................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number o f loans which are of an amount not exceeding $3,000 each, 822
2,877 96
5,000 00
304 26
Aggregate amount of the same.....................................................................................
Total number of loans upon real e s t a t e , ................................................ 883
Gross amount of interest or profits received or earned, as per books, dur
700,716 00
151,802 82
ing year ending Oct. 31, 1 8 9 1 , .............................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
56,667 93
Rate and amount of each semi-annual dividend during the | 2£ per cent., r
59,472 41
year ending Oct. 31, 1 8 9 1 , ..........................................................j 24 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
1,537
Number of accounts closed during the year ending Oct. 31, 1891,
. 986
Total number o f open accounts Oct. 31, 1891,
.
.
.
.
8,315
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
6,349 11
clusive o f taxes), ............................................................................. .........
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number o f s a m e , .................................................................................................7,441
Amount of withdrawals, including dividends, during the year ending Oct.
541,181 56
31, 1891,.............................................................................................................................
Number of s a m e , .................................................................................................5,615
421,245 36
Date o f examination by commissioner: August 13.
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Federal Reserve Bank of St. Louis
94
R E P O R T O F TH E
Co m m o n w e a l t h
E ssex,
ss .
of
[Pub. D oc.
M assa ch u setts.
Nov. 11, 1891.
Personally appeared George J. Marsh, Treasurer o f the Cape Ann Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
E ssex ,
ss .
D a n ie l T. B a b s o n , Justice o f the Peace.
Nov. 11, 1891,
Personally appeared Samuel A . Stacy, President, and John E . Somes, Robert R . Fears,
Henry Center, Allan Rogers, and John Corliss, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
D a n ie l T . B a b s o n , Justice o f the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS
95
CAPE COD FIVE CENTS SAVINGS B A N K — H ARW ICH .
Incorporated March 16, 1855.
Present number of corporators, 70.
L e v i E l d r i d g e , President.
A u g u stu s C. S n o w , Treasurer.
A u g u stu s C. S n o w , Clerk o f the Corporation.
Names of committee charged with the investment o f its fu n d s:
L e v i E l d r id g e ,
L u t h e r F is k ,
E lea ze r K . C ro w e ll,
G o d f r e y H o p k in s ,
A lex an d e r T. N ew co m b.
Open for business every business day, 9
B alance
Sh e e t , O ctober
A ssets .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad bonds,
Loan on railroad stocks, .
Real estate (for banking purp o s e s ) , .......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Real estate to secure indebtedn e s s , .......................................
Cash on hand,
.
.
.
.
a .m .
to 1
p .m .
31, 1891.
L ia b ilit ies .
$12,000
59,454
36,160
86,673
4,500
9,000
00
75
00
00
00
00
1,250
7,399
137,784
192,472
00
89
54
14
Deposits, .
Guaranty fund,
Profit and loss
count, .
$560,356 63
14,500 00
ac3,105 39
12,900 00
11,500 00
2,846 44
4,021 26
$577,962 02
$577,962 02
Cash on Deposit in B a n k : —
Cape Cod National Bank, Harwich......................................
.
$11,500 00
Loan on Public Funds : —
On $13,000 Cleveland, Ohio, 5 s , .......................................
On $500 Sioux City, Iowa, 6 s , .......................................
' J $12,000 00
Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
125 shares Traders’ National Bank, Boston, .
50 shares Fourth National Bank, Boston,
40 shares Northfield National Bank. Northfield, V t.,
25 shares Weiden National Bank, St. Albans, V t . , .
100 shares Broadway National Bank, Boston,
50 shares Fourth National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.j
$ 10,000 00
9,000 00
8,000 00
4,000 00
[Pub. D oc
96
R E P O R T O F TH E
On
On
On
On
50 shares Broadway National Bank, B o s t o n ,......................................................... $4,000
9 shares Cape Cod National Bank, H a rw ic h ,.................................................
500
5 shares Cape Cod National Bank, H a r w ic h ,.................................................
500
160
3 shares Cape Cod National Bank, H a r w ic h ,.................................................
00
00
00
00
Loan on Railroad Bonds : —
On $5,000 Concord & Montreal R .R . 4
s , ...........................................................$4,500 00
Loan on Railroad Stock: —
On 73 shares Boston & Maine R a i l r o a d , ...........................................................$9,000 00
Detailed, Statement o f Bank Stocks.
V-.
O
QQ
<xi
^
ÖD
6
Par Value.
C3
57
42
48
43
40
31
30
30
27
26
25
24
20
16
15
13
10
7
Cape Cod N’l Bank, Harwich,
First Nat’l Bank, Yarmouth, .
State National Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Revere Bank, Boston,
N’l Hide & Leather B’k, Boston,
Blackstone N’l Bank, Boston,.
Nat’l Exchange Bank, Boston,
Fourth National Bank, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
Nat’l Bank of the Commonwealth, Boston, .
Nat’l Webster Bank, Boston, .
Faneuil Hall N’l B’k, Boston,
$5,700
4,200
4,800
4,300
4,000
3,100
3,000
3,000
2,700
2,600
2,500
2,400
2,000
1,600
1,500
Estimated
Market Value.
$7,695
5,880
5,844
5,418
4,140
3,960
3,187
3,720
2,700
3,555
2,850
2,550
2,045
1,976
2,400
00
00
00
00
00
25
50
00
00
50
00
00
00
00
00
Amount Invested.
$7,866
5,523
5,676
5,031
3,800
3,674
3,630
3,450
2,916
3,029
2,756
2,730
2,275
1,616
1,980
00
00
00
00
00
50
00
00
00
00
25
00
00
00
00
1,300
1,000
700
2,408 25
1,000 00
996 00
1,521 00
1,050 00
931 00
$50,400
$62,325 50
$59,454 75
Detailed Statement o f Railroad Bonds.
Tar Value.
Old Colony R R. 4s, .
Fitchburg R.R 5s, .
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R 6s,
Boston & Maine R.R. 7s, .
Vermont & Massachusetts R.R. 5s,
Portland & Ogdensbnrg R.R. 6s,
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Federal Reserve Bank of St. Louis
Estimated
Market Value.
$21,000
20,000
10,000
5.000
1.000
10,000
10,000
5,000
$21,630
21,333
10,000
5,300
1,082
10,425
10,800
5,750
$82,000
$86,320 50
Amount Invested.
00
$22,480 00
20,641 00
00
00
00 | 16,366 00
50
00 J 10,701 00
10,794 00
00
5,691 00
00
$86,673 00
No. 8 .]
97
SA Y IN G S B A N K CO M M ISSION ERS.
Total Amount o f Loans with Each Specified Bate o f Interest.
Kate.
Amount.
2^ per cent.
4
“
4|
“
5
“
$15,000
24,000
15,000
58,850
Amount.
$11,500
4,500
38,000
98,449
00
00
00
39
00
00
00
00
Rate.
Amount.
Kate.
5} per cent.
5i
$80,564 34
6,926 00
63,526 95
6 per cent.
6i
“
7
5|
5|
“
“
Amount invested in real estate for banking p u r p o se s,.......................................
Estimated value of the sa m e ,........................................................................................
Assessed value of the s a m e , .......................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o t h e r w i s e ,.....................................................................................................................
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31,1891,
$1,250 00
1,250 00
1,200 00
10.246 33
12,000 00
186 54
Number of loans which are of an amount not exceeding $3,000 each,
364
142,679 40
Aggregate amount of the same......................................................................................
Total number of loans upon real estate,..........................................................301
10.246 33
Amount of investments from which no income is received, .
Gross amount of interest or profits received or earned, as per books, during
26,193 80
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
10,219 68
Rate and amount of each semi-annual dividend during the i 2 per cent., r
10,436 64
year ending Oct. 31, 1 8 9 1 , ..........................................................} 2 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
. 323
Number of accounts closed during the year ending Oct. 31, 1891,
. 199
Total number of open accounts Oct. 31, 1891, _ .
.
.
.
2,599
Total expenses o f the corporation for the year ending Oct. 31, 1891 (ex
2,023 58
clusive of taxes), ..........................................................................................................
Amount o f deposits, not including dividends, received during the year
125,429 26
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number of s a m e , ....................................................................................... 1,325
Amount of withdrawals, including dividends, during the year ending
104,189 10
Oct. 31, 189 1 ,....................................................................................................................
Number of s a m e , .......................................................................................1,097
Date o f examination by commissioner: June 29.
Com m onw ealth
Barn stable,
of
Massa ch u setts.
ss .
N o v . 6, 1891.
Personally appeared Augustus C. Snow, Treasurer o f the Cape Cod Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
B ar n sta ble,
A l ph o n so L . W
eekes,
Justice o f the Peace.
N ov . 6, 1891.
ss .
Personally appeared Levi Eldridge, President, and Luther Fisk, Godfrey Hopkins,
Eleazer K . Crowell, Alexander T . Newcomb, Clement Kendrick and Edw. E . Crowell,
trustees of said corporation, and severally made oath that the annexed report is cor
rect, according to their best knowledge and belief. ,
Before me,
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Federal Reserve Bank of St. Louis
A l p h o n so L . W
eekes,
Justice o f the Peace.
[Pub. D oc
R E P O R T O F TH E
98
CENTRAL SAVINGS BANK — LOW ELL.
Incorporated March 3, 1871.
Present number of corporators, 65.
O l i v e r H . M o u lto n , President.
Sa m u e l A . C h a s e , Treasurer.
S a m u e l A . C h a s e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
D a n ie l S w a n ,
A r t h u r G. P o l l a r d ,
J o h n S. J a q u e s ,
A m asa P ra tt,
H
Sa m u e l A . C h a s e .
enry
C. C h u r c h ,
Open for business every business day, 9
a .m .
to 1
p . m .;
B alan c e Sh e e t , O ctober
and on Saturday, 7 to 9
p .m .
31, 1891.
L ia b il it ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loan on railroad bonds,
Loan on railroad stocks,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
$24,000
222,100
4,600
31.000
1,000
50.000
1,557,648
447,102
00
00
00
00
00
00
00
00
19.000
300
70,373
4,598
00
00
88
76
$2,260,306 76
75,000 00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
96,415 88
$2,431,722 64
$2,431,722 64
Cash on Deposit in Banks, amount in each : —
Merchants’ National Bank, Lowell,
Prescott National Bank, Lowell,
.
$45,373 88
25,000 00
Loans on Bank Stock, amount on each: —
On
On
On
On
13 shares Merchants’ National Bank, Lowell, .
10 shares W amesit National Bank, Lowell,
19 shares Prescott National Bank,.Lowell,
8 shares Appleton National Bank, Lowell,
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Federal Reserve Bank of St. Louis
•J
•J
$2,000 00
2,600
00
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS
99
Loan on Railroad Bonds : —
On $2,000 Lowell & Lawrence R . R . , .................................................................... $1,000 00
Loan on Railroad Stock: —
On 418 shares Boston & Maine R . R . , ....................................................................$50,000 00
Detailed Statement o f Public Funds.
Par Value.
Town of Andover, Mass., 4s, .
City of Chicago, 111., 7s, .
of Lowell, Mass., 4s,
of Malden, Mass., 4s,
c f Pawtucket, R. I., 4s, .
Estimated
Market Value.
$10,000
3,000
1,000
5,000
5,000
$10,225
3,250
1,025
5,150
5,250
$24,000
$24,900 00
00
00
00
00
00
Amount Invested.
$10,000
3,000
1,000
5,000
5,000
00
00
00
00
00
$24,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
100
50
200
100
13
50
10
50
50
100
100
50
60
27
30
70
63
50
50
100
30
150
52
10
15
50
50
Par Value.
Atlantic Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Market Nat’l Bank, Boston, .
Maverick Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l Hide & Leather B’k, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Webster Bank, Boston, .
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Appleton Nat’l Bank, Lowell,
First National Bank, Lowell, .
Merchants’ Nat’l Bank, Lowell,
Old Lowell Nat’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’ l Bank, Lowell,
Georgetown N’l B’k, Georget o w n , ..................................
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Federal Reserve Bank of St. Louis
$10,000
10,000
5,000
20,000
10,000
1,300
5,000
1,000
5,000
5,000
10,000
10,000
5,000
6,000
2,700
3,000
7,000
6,300
5,000
5,000
10,000
3,000
15,000
5,200
1,000
1,500
5,000
5,000
Estimated
Market Value.
$14,200
10,000
5,750
28,000
12,700
1,560
5,000
00
00
00
00
00
00
00
7,500
4,500
9,600
12,800
6,200
7,500
4,320
3,000
12,850
7,900
4,650
5,200
20,000
5,400
24,000
6,500
1,580
1,950
7,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
_
Amount Invested.
$14,000
12,000
6,000
30,000
11,500
1,300
5,000
1,200
6,700
5,100
10,000
10,000
5,400
8,000
3,400
3,000
10,000
8,000
5,000
5,000
16,900
4,200
18,300
6,700
1,000
1,500
6,900
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
6,000 00
6,000 00
$178,000 $235,660 00
$222,100 00
[Pub. D oc.
R E P O R T O F TH E
100
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R R. 7s, .
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 7s, .
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .
N. Y., Providence & Boston R R. 7s,
Portland & Ogdensburg R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
$3,000
7.000
5.000
1.000
5.000
1.000
3.000
1.000
5,000
$31,000
Estimated
Market Value.
$3,000
7,310
5,150
1,040
5,250
1,092
3,675
1,115
5,525
Amount Invested.
$3,000
7.000
5.000
1.000
5.000
1.000
3.000
1.000
5,000
00
00
00
00
00
00
00
00
00
$33,157 00
00
00
00
00
00
00
00
00
00
$31,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
Amount.
Rate.
2J per cent.
4
4i
“
$20,000 00
1,741,616 00
4| per cent.
5
$61,975 00
107,585 00
5^ per cent.
6
Amount.
$45,373 88
44,000 00
129,474 00
Number of loans which are of an amount not exceeding $3,000 each, 385
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ....................................... . 5 1 1
$550,197 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the b y-law s: first Saturday in M ay and
November.
Rate and amount o f each semi-annual dividend during the j 2 per cent.,
year ending Oct. 31, 1 8 9 1 , ........................................................... ) 2 per cent
1,281
Number of accounts opened during the year ending Oct. 31, 1891,
1,036
Number of accounts closed during the year ending Oct. 31, 1891,
114,009 43
39,403 12
40,567 11
Total number of open accounts Oct. 31, 1891,
.
.
.
.
5,666
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclusive of t a x e s ) , ............................................................................................................
Amount of deposits, not including dividends, received during the year
6,836 48
ending Oct. 31, 1891, .
.....................................................................
Number of s a m e , ........................................................................................ 6,818
Amount of withdrawals, including dividends, during the year ending
579,537 31
Oct. 31, 1891.......................................................................................................................
Number of s a m e , ........................................................................................4,930
Date of examination by commissioner: March 5.
505,777 08
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Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
Com m onw ealth
M id d l e s e x ,
ss.
of
101
M a s sa c h u s e t t s .
N ov .
16, 1891.
Personally appeared Samuel A . Chase, Treasurer of the Central Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities o f said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
ss .
W . W . J oh n son , Justice o f the Peace.
N ov .
16, 1891.
Personally appeared Oliver H . Moulton, 'President, and E . B. Adams, E . Boyden,
W illard A . Brown, Arthur G. Pollard and Amasa Pratt, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
W . W . J o h n so n , Justice o f the Peace.
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Federal Reserve Bank of St. Louis
102
E E P O E T O F TH E
[Pub. Doc
CHARLESTOWN FIVE CENTS SAVINGS BANK — BOSTON.
Incorporated April 7, 1854.
Present number of corporators, 44.
A mos S t o n e , President.
A . M . A n d r e w s , Treasurer.
B e n j a m in F . S t a c e y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A
mos
Sto ne,
E m r i B . S t e t so n ,
G e o . S. P e n d e r g a s t ,
F r a n c is H a l l ,
A u g u stu s W . S t o v e r .
Open for business every business day, 9
a .m .
3 to 5
to 2
p .m .;
B a l a n c e Sh e e t , O cto ber
A ssets .
Bank stock as per schedule,
.Railroad bonds as per schedule,
Loans on railroad bonds, .
Loans on railroad stocks, .
Real estate (for banking pur
poses),
.......................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.
and Wednesday and Saturday,
p .m .
31, 1891.
L iab ilities .
$746,200
357,700
72.000
49,500
00
Deposits, .
00
Guaranty fund,
00 i Profit and loss
00 ;
count,
.
70.000
2,900
1,949,825
1,518,250
140,538
3,728
00
00
00
00
46
94
$4,910,642 40
$4,599,126 87
210,000 00
ac
101,515 53
$4,910,642 40
Cash on Deposit in Banks, amount in each: —
Monument National Bank, B o s t o n , ....................................................................$63,553 44
National Bank of the Republic, B o s t o n , ...........................................................• 54,126 60
Manufacturers’ National Bank, B o s t o n , ..........................................................
22 858 42
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Federal Reserve Bank of St. Louis
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS
103
Loans on Railroad Bonds, amount on each: —
On $60,000 Upper Coos R .R . 4 ^ s , .....................................................................................$50,000 00
On $11,000 Upper Coos R .R . 4 ^ s , ..............................................................................
10,000 00
On $12,000 Upper Coos R .R . 4£s, .
12,000 00
Loans on Railroad Stock, amount on each: —
On 250 shares Boston & Maine R . R . , .......................................................................... $30,000 00
On 146 shares Boston & Maine R . R . , ....................................................................
19,500 00
No. of
Shares.
Detailed Statement of Bank Stocks.
24
200
159
25
145
250
326
263
500
300
20
150
105
242
370
304
250
86
27
224
70
140
99
200
342
267
69
500
135
551
235
164
150
26
75
75
217
67
147
Par Value.
Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstnne N’l Bank, Boston,.
Boston Nat1] Bank, Boston,
Boylston Nat’l Bank, Boston, .
Bunker Hill N’l Bank, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
First Ward N’l Bank, Boston,.
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Nat’l Market Bank, Brighton,
Metropolitan N’l B’k, Boston,
Monument Nat’l Bank, Boston,
North National Bank, Boston,
N’lB ’k of No America, Boston,
N’l B’k of Redemption, Boston,
N ’1B’k of the Republic, Boston,
Nat’l Revere Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, :
Nat’l Webster Bank. Boston, .
Winthrop Nat’l Bank, Boston,
Home Nat’l Bank, Brockton, .
Conway Nat’l Bank, Conway,
Wachusett N’l B’k, Fitchburg,
Railroad Nat’l Bank, Lowell, .
First National Bank, Lvnn,
Blue Hill Nat’l Bank, Milton, .
Newton Nat’l Bank, Newton, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,400
20,000
15,900
2,500
14,500
25,000
32,600
26,300
50,000
30,000
2,000
15,000
10,500
24,200
37,000
30,400
25,000
8,600
2,700
22,400
7,000
14,000
9,900
20,000
34,200
26,700
6,900
50,000
13,500
55,100
23,500
16,400
15,000
2,600
7,500
7,500
21,700
6,700
14,700
$749,900
Estimated
Market Value.
$2,760
24,200
15,900
2,800
18,850
51,250
31,296
33,664
65,123
37,500
4,800
19,500
10,500
24,200
45,880
33,440
25,250
8,600
2,592
20,160
15,400
19,460
12,177
25,400
54,720
28,202
8,694
46,500
14,310
56,202
23,500
18,696
20,550
3,250
15,000
9,693
29,295
6,901
11,760
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00
$897,975 75
Amount Invested.
$2,400
20,000
15,900
2,500
14,500
25,000
32,100
26,300
50,000
30,000
2,000
14,800
10,500
23,300
37,000
30,400
24,200
8,600
2,700
22,400
7,000
14,000
9,900
20,000
34,200
26,700
6,900
49,500
13,500
55,100
23,500
16,400
15,000
2,600
7,500
7,500
21,700
6,700
13,900
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$746,200 00
104
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Railroad Bonds.
...
:A , ' .
Boston & Lowell R.R. 5s,
Boston & Lowell R R. 4s,
Fitchburg R R. 5s, .
Fitchburg R.R 4^s, .
.
Fitchburg R.R. 4s, .
Par Value.
.
$25,000
11,000
200,000
60,000
66,000
.
$362,000
Estimated
Market Value.
$26,500
11,000
214,250
60,600
63,500
Amount Invested.
00
00
00
00
00
$25,000
10,700
200,000
60,000
62,000
00
00
00
00
00
$375,850 00 $357,700 00
Total Amount o f Loans ivith Bach Specified Rate o f Interest.
Amount.
$140,538
26,000
18,900
1,356,000
Kate.
46
00
00
00
2^ per cent.
4è
“
4|
5
“
Amount.
$219,500
111,500
1,408,825
324,750
00
00
00
00
Bate.
Amount.
5^ per cent.
5f
$55,000 00
52,700 00
16,400 00
5k
6
“
Rate.
6| per cent.
6è
“
7
Amount invested in real estate for banking p u r p o se s,....................................... $70,000 00
Estimated value of the s a m e , ...............................................................................
80 700 00
Assessed value o f the s a m e , ....................................................................
80,700
00
Net income received from same during year endingOct. 31, 1891,
.
.
4,770 40
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,.................................................................................................
2,900
Assessed value of the s a m e ,....................................................................
3,200
Net income received from same during year endingOct. 31, 1891,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 514
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real estate............................................................681
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
00
00
95 27
777,925 00
3,500 00
257,110 00
Rate and amount of each semi-annual dividend during year i 2 per cent., r 85,485 27
ending Oct. 31, 1891.......................................................................... } 2 per cent., j *87,100 00
Number of accounts opened during the year ending Oct. 31, 1891,
2,785
Number of accounts closed during the year ending Oct. 31, 1891,
1,416
Total number of open accounts Oct. 31, 1891,
.
.
.
.
14,245
Total expenses of the corporation for the year ending Oct. 31, 1891,
(exclusive of taxes) .................................................................................................. 8,261 56
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1891........................................................................................................
805,905 87
Number o f same.............................................................................................. 12,208
Amount o f withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
841,017 63
Number of s a m e , ........................................................................................ 8,734
Date of examination by commissioner : M ay 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* Estimated.
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
Co m m o n w ea lth
Suffolk,
ss.
of
105
M assach u setts.
N ov. 18, 1891.
Personally appeared A . M . Andrews, Treasurer of the Charlestown Five Cents
Savings Bank, and made oath that the foregoing statement, by her subscribed, is a true
and correct statement of all the resources and liabilities of said institution, and that the
answers made by her to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to her best knowledge and belief.
Before me,
Su f f o l k ,
ss .
G eo . H . P e n d e r g a s t , Justice o f the Peace.
N ov. 18, 1891.
Personally appeared Amos Stone, President, and George S. Pendergast, Emri B.
Stetson, Augustus W . Stover, A . E . Cutler, Charles F. Byam and Benjamin F . Stacey,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G eo . H . P e n d e r g a s t , Justice o f the Peace ,
106
R E P O R T O F TH E
[Pub. D oc
CHELSEA SAVINGS B A N K — CHELSEA.
Incorporated April 29, 1854.
Present number of corporators, 125.
O tis H in m a n , President.
A l b e r t A . F ic k e t t , Treasurer.
E l iz a b e t h A . F e l l o w s , Clerk o f the Corporation.
Names o f committee charged with the investment of its fund s:
C. T e n n t ,
O t is H in m a n ,
A
H o r a t io B. H e r s e y ,
John T . H a d a w a y ,
lonzo
E b e n H u t c h in s o n .
Open for business every business day, 8
to 1
a .m .
p .m .
; also Saturdays, 4 to 8
p .m .
B a l a n c e S h e e t , O c t o b e r 31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, . '
Expense account,
Premium account,
Cash on hand, .
.
.
.
L ia b il it ie s .
$459,200
112,000
3,000
111,000
5,596
1,432,432
439,800
00
00
00
00
43
00
00
46,500
40,649
3,241
13,000
5,434
00
71
96
00
43
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$2,671,854 53
$2,518,927 25
97,882 70
12,918 87
42,125 71
$2,671,854 53
Cash on Deposit in Banks, amount in each : —
First National Bank, C h e l s e a , .................................................................. ..
.
Commercial National Bank, B o s t o n , .....................................................................
$12,128 39
28,521 32
Loan on Bank Stock : —
On 35 shares First National Bank, Chelsea, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
$3,000 00
No. 8 .]
S A Y IN G S B A N K C O M M IS S IO N E D
107
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass , 6s,
Town of Brookline, Mass., 5s,
City of Cambridge, Mass., 6s,
of Chelsea, Mass , 6s,
of Cleveland, Ohio, 4s, .
Town of Danvers, Mass., 5s, .
of Everett, Mass , 6s, .
City of East Saginaw, Mich., 5s,
of Fall River, Mass., 6s, .
of Fitchburg, Mass., 6s, .
of Fort Wayne, Indiana, 6s,
of Gardiner, Maine, 4s, .
of Grand Rapids, Mich., 4s,
of Hartford, Conn., 6s, .
of Keene, N. II., 4s,.
of Lawrence, Mass., 6s, .
of Lewiston, Maine, 4s, .
of Lewiston, Maine, 5s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 6s, .
State of New Hampshire 6s, .
Town of Norwalk, Conn., 4s, .
City of Peoria, Illinois, 4^s, .
of Providence, R. 1 , 4|s,.
of Taunton, Mass., 6s,
of Wallingford, Conn., 4s,
Town of Westminster, Vt., 4s,
of Winthrop, Mass , 5s,
of Woburn, Mass., 6s, .
City of Worcester, Mass , 4is,
of Worcester, Mass., 6s, .
of Boston, Mass., 4s,
Town of Canton, Mass., 4s,
City of Newton, Mass , 4s,
.
$44,000
5,000
15,000
11,000
13,000
2,000
1,000
24,500
5,000
2,000
4,000
6,000
13,000
1,000
20,000
36,000
10,000
16,000
13,000
6,000
9,200
31,000
15,000
15,000
2,000
17,000
2,500
11,000
5,000
20,000
1,000
50,000
8,000
25,000
Estimated
Market Value.
$49,735
5,300
15,630
11,495
13,000
2,240
1,005
25,400
6,030
2,030
4,020
6,000
13,000
1,010
20,000
42,065
10,050
17,920
13,120
6,430
10,668
31,310
15,300
15,600
2,140
17,000
2,500
11,715
5,075
21,200
1,000
50,750
8,040
25,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$44,000
5,000
15,000
11,000
13,000
2,000
1,000
24,500
5,000
2,000
4,000
6,000
13,000
1,000
20,000
36,000
10,000
16,000
13,000
6,000
9,200
31,000
15,000
15,000
2,000
17,000
2,500
11,000
5,000
20,000
1,000
50,000
8,000
25,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$459,200 $483,278 00 $459,200 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
40
86
20
25
43
50
52
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
National City Bank, Boston, .
Commercial N’l Bank, Boston,
N ’l B’k of Commerce, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,000
8,600
2,000
2,500
4,300
5,000
5,200
Estimated
Amount Invested.
Market Value, i
$5,640
10,449
2,250
3,225
4,160
5,000
6,656
00
00
00
00
25
00
00
$4,000
8,600
2,000
2,500
4,300
5,000
5,200
00
00
00
00
00
00
00
108
R E P O R T O F TH E
[Pub. D oc.
No. of
Shares.
Detailed Statement o f Bank Stocks— Concluded.
40
20
38
14
36
6
70
16
15
15
63
100
43
28
25
50
30
63
12
45
5
20
50
Par Value.
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Everett Nat’l Bank, BoTon, .
Nat’l Exchange Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N ’l Bank, Boston,.
North National Bank, Boston,
N’l B’k of No. America. Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk Nat’ l Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Nat’l W eb'ter Bank, Boston, .
First National Bank, Chelsea,
Railroad Nat’l Bank, Lowell, .
Nat’l Exchange Bank, Salem,
First N’l B’k, So. Weymouth,.
Central Nat’l Bank, Boston, .
$4,000
2,000
3,800
1,400
3,600
600
7,000
1,600
1,500
1,500
6,300
10,000
4,300
2,800
2,500
5,000
3,000
6,300
1,200
4,500
500
2,000
5,000
Estimated
Market Value.
$5,170
2,060
3,933
1,914
3,978
600
7.577
2,400
2,088
1,863
8,001
16,000
5,418
3,409
2,656
5,350
3,067
6,300
1,440
5,985
590
2,600
7,112
00
00
00
50
00
00
50
00
75
75
00
00
00
00
25
00
50
00
00
00
00
00
50
Amount Invested.
$4,000
2,000
3,800
1,400
3,600
600
7,000
1,600
1,500
1,500
6,300
10,000
4,300
2,800
2,500
5,000
3,000
6,300
1,200
4,500
500
2,000
5,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$112,000 $136,895 00 $112,000 00
Detailed Statement o f Railroad Bonds.
i
Par Value.
Boston & Providence R.R. 4s, .
Fitchburg R.R. 4^s, .
.
.
.
Fitchburg R R. 5s, .
Old Colony R.R. 4 s ,.
Salem & Lowell R R. 6 s,.
$45,000
20,000
21,000
15,000
10,000
Estimated
Market Value.
$45,450
19,800
21,840
15,150
11,000
00
00
00
00
00
$111,000 $113,240 00
Amount Invested.
$45,000
20,000
21,000
15,000
10,000
00
00
00
00
00
$111,000 00
Total Amount o f Loans with Each Specified Rate o f Diterest.
Amount.
$40,649 71
46,500 00
24,000 00
Rate.
Amount.
Rate.
2£ per cent.
4
“
4à
“
$678,540 00
11,000 00
446,350 00
5 per cent.
5|
“
5h
“
/
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$74,500 00
640,842 00
Rate.
5 f per cent.
6
No. 8 .]
SA V IN G S B A N K COM M ISSION ERS.
109
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 586
Aggregate amount o f the s a m e , ..............................................................................
Total number o f loans upon real e s t a t e , ....................................... ......... 676
$5,596 43
4,400 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
813,417 00
129,062 31
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the i 2 per cent., r
year ending Oct. 31, 1 8 9 1 , ...........................................................} 2 per cent., j
Number of accounts opened during the year ending Oct. 31, 1891,
1,738
Number of accounts closed during the year ending Oct. 31, 1891,
1,163
Total number o f open accounts Oct. 31, 1891,
.
.
.
.
11,916
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f t a x e s ) ,...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
44,303 64
45,907 52
7,582 35
737,761 70
Number o f s a m e , ........................................................................................16,677
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .....................................................................................................................
653,664 58
Number of s a m e , ........................................................................................ 10,753
Date o f examination by commissioner: M ay 11.
Com m onw ealth
Suffolk,
of
M assach u setts.
N ov . 9, 1891.
ss .
Personally appeared Albert A . Fickett, Treasurer of the Chelsea Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
S u f f o l k , ss.
C h a r l e s A . M e r r i a m , Justice o f the Peace.
Nov. 11, 1891.
Personally appeared Otis Hinman, President, and H . B. Hersey, A . C. Tenney, J. T .
Hadaway, Benj. F. Dodge, and J. Morrill Putnam, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl
edge and belief.
Before me,
\
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C h a r l e s A . M e r r i a m , Justice o f the Peace.
[Pub. D oc.
R E P O R T O F TH E
110
CHICOPEE SAVINGS BANK — CHICOPEE.
Incorporated Feb. 27, 1845.
John B. W
o od ,
Present number of corporators, 57.
President.
Luther W
H . H . H a r r i s , Treasurer.
h it e ,
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
J o h n B . W o od ,
L. M . F e r r y ,
J. A . C a r t e r ,
G eo . W . G ib s o n .
Open for business every business day, 9
B a la n c e Sh e e t , O ctober
to 3
p .m .
31, 1891.
L ia b il it ie s .
A ssets .
Public funds as per schedule,
.
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stocks, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Cash on hand,
.
.
.
.
a .m .
$20,000
20,600
1,600
84.000
5,200
525,501
76,078
00
00
00
00
00
36
00
21,800
100
60.000
5,142
13,336
00
00
00
94
58
$833,358 88
Deposits, .
Guaranty fund,
Profit and loss
count,
$793,298 60
31,000 00
ac
9,060 28
$833,358 88
Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, Springfield,
.
First National Bank, Springfield, .
City National Bank, Springfield, .
First National Bank, Chicopee,
Hampshire County National Bank, Northampton
Home National Bank, Holyoke, .
$15,000
15.000
15.000
5,142
00
00
00
94
10.000 00
5,000 00
Loan on Bank Stock : —
On 20 shares Third National Bank, S p rin g fie ld ,................................................. $1,600 00
Loans on Railroad Stock, amount on each : —
On 51 shares Boston & Albany R a i l r o a d , .......................................................... $5,000 00
On 19 shares Boston & Albany R a i l r o a d , ...........................................................
200 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
Ill
Detailed Statement o f Public Funds.
Estimated
Market Value.
Amount Invested.
$10,000
10,000
$10,000 00
10,000 00
$10,000 00
10,000 00
$20,000
$20,000 00
$20,000 00
Par Value.
City of Lynn, Mass., 4s, .
City of Providence, R. I., 4s, .
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
100
30
66
Par Value.
N’l B’k of Redemption, Boston,
First Nat’l Bank, Chicopee,
City Nat’l Bank, Springfield, .
Chapin jN’1 B’k, Springfield, .
$1,000
10,000
3,000
6,600
$20,600
Estimated
Market Value.
$1,100
14,000
3,600
8,580
00
00
00
00
$27,280 00
Amount Invested.
$1,000
10,000
3,000
6,600
00
00
00
00
$20,600 00
Detailed Statement of Railroad Bonds.
Par Value.
Boston & Albany R.R. 6s,
Boston, Wintlirop & Shore R.R. 5s,
Boston & Lowell R.R. 4§s,
Boston & Lowell R.R. 4s,
Boston & Providence R.R. 4s, .
Fitchburg R.R. 4|s, .
.
.
.
Old Colony R.R 6s,.
Old Colony R R. 4 s,.
Estimated
Market Value.
$10,000
15.000
4.000
10.000
10,000
10,000
5.000
20,000
$10,600
15.000
4.000
10.000
10,000
10,000
5.000
20,000
$84,000
$84,600 00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
15.000
4.000
10.000
10,000
10,000
5.000
20,000
00
00
00
00
00
00
00
00
$84,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$60,000 00
151,300 00
Rate.
Amount.
Rate.
4 per cent.
$16,000 00
462,129 36
4| per cent.
5
4è
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
Amount.
$850 00
Rate.
6 per cent.
(
112
R E P O E T O F TH E
[Pub. D oc
Number of loans which are of an amount not exceeding $3,000 each, 218
Aggregate amount of the s a m e , .............................................................................
Total number of loans upon real estate,...........................................................251
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the b y-la w s: January 1 and July 1.
Rate and amount of each semi-annual dividend during the ) 2 per cent., (
year ending Oct. 31, 1 8 9 1 , ..........................................................J 2 per cent., 1
Number of.accounts opened during the year ending Oct. 31, 1891,
402
Number of accounts closed during the year ending Oct. 31, 1891,
280
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,034
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s $ ...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of same..............................................................................................2,335
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ....................................................................................................................
Number of s a m e , .......................................................................................1,500
Date of examination by commissioner: October 13.
Co m m o n w e a l t h
H am pden,
of
$202,121 36
38,123 85
14,371 99
14,589 23
2,996 52
159,585 70
143,562 58
M a s sa c h u s e t t s .
N ov . 7, 1891.
ss .
Personally appeared H . H . Harris, Treasurer o f the Chicopee Savings Bank, and made
oath that the foregoing statement, by him subscribed, is a true and correct statement
of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters to
which they relate, according to his best knowledge and belief.
Before me,
H am pden,
C o r n e l iu s J. D r is c o l l , Justice o f the Peace.
N ov . 7, 1891.
ss .
Personally appeared John B. W ood, President, and Emerson Gaylord, J. A . Carter,
Luther White, Geo. V . Wheelock, and L . E . Hitchcock, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C o r n e l iu s J. D r is c o l l , Justice o f the Peace.
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
113
CHICOPEE FALLS SAVINGS BANK — CHICOPEE FALLS.
Date of incorporation, May 11, 1875.
Present number o f corporators, 41.
G e o r g e S. T a y l o r , President.
H e n r y J. B o y d , Treasurer.
H e n r y J. B o y d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
N. R. W
ood,
h
. S. N e w e l l ,
G. M . M orton.
Open for business every business d a y, 8 to 11
a .m .
B a la n c e Sh e e t , O ctober
; 1 to 4
. ; 6 to 8 p . m .
31, 1891.
A ssets .
Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposit in bank, not on interest, .
Expense account,
Cash on hand,
.
.
.
.
p .m
L ia b il it ie s .
$27,125
180,293
67,750
6,830
883
7
806
00
78
00
13
70
00
36
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$283,695 97
$272,058 15
4,862 15
700 00
6,075 67
$283,695 97
Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, S p r in g fie ld ,.....................................................................f 3,883 70
City National Bank, Springfield, .
.....................................................................
1,968 46
Springfield Safe Deposit and Trust Company, Springfield, .
.
.
.
1,861 67
No. of
Shares,
I
j
Detailed Statement o f Bank Stocks.
10
10
20
16
13
25
20
40
50
6
Par Value.
First National Bank, Chicopee,
First NT Bank, Eàsthampton,
Hadley Falls NT B’k, Holyoke,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
Palmer Nat’l Bank, Palmer, .
Chicopee NT B’b, Springfield,
First Nat’ l Bank, Springfield,
Chapin NT Bank, Springfield,
City Nat’l Bank, Springfield, .
Agawam NT B’k, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,000
1,000
2,000
1,600
1,300
2,500 '
2,000
4,000
5,000
600
$21,000
Estimated
Market Value.
$1,500 00
1,485 00
3,200 00
1,600
1,300
4,000
3,300
4,930
6,500
600
00
00
00
00
00
00
00
$28,415 00
Amount Invested.
$1,500 00
1,485 00
3,410 00
1,600
1,300
4,000
3,300
4,930
5,000
600
00
00
00
00
00
00
00
$27,125 00
[Pub. D oc
R E P O R T O F TH E
114
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
$6,830 13
Rate.
Amount.
4 per cent.
$248,043 78
Rate.
Amount.
5 per cent.
-
-
Number of loans which are of an amount not exceeding $3,000 each,
180
Aggregate amount of the s a m e , .............................................................................. $191,878
Total number of loans upon real estate,.......................................................... 146
Gross amount of interest or profits received or earned, as per books, during
12,929
year ending Oct. 31, 1891.............................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
4,618
Rate and amount of each semi-annual dividend during the 1 2 per cent., r
4,812
year ending Oct. 31, 1 8 9 1 , ..........................................................J 2 per cent., j
Number of accounts opened during the year ending Oct. 31, 1891,
. 315
Number of accounts closed during the year ending Oct. 31, 1891,
. 197
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,141
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f taxes)..............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.......................................................................................................
Number of s a m e , ................................................................................................. 1,999
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .......................................................................................
Number of s a m e , ................................................................................................. 1,050
Date of examination by commissioner: April 18.
Com m onw ealth
H am pden,
of
78
69
20
26
810 70
90,024 91
70,181 38
M assa ch u setts.
Nov. 3, 1891.
ss .
Personally appeared Henry J. Boyd, Treasurer o f the Chicopee Falls Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
H am pden,
ss .
T h o m a s C. P a g e , Justice o f the Peace.
N o v . 3, 1891.
Personally appeared Geo. S. Taylor, President, and James E . Taylor, Ansel F . W ildes,
Geo. H. Morton, H . S. Newell and Norris R . W ood, trustees o f said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
T h o m a s C. P a g e , Justice o f the Peace.
J
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS
115
CITIZENS’ SAVINGS B A N K -F A L L RIVER.
Incorporated October, 1851.
Present number of corporators, 57.
J o h n C. M i l n e , President.
E . E . H a t h a w a y , Treasurer.
H e n r y H . E a r l , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
W
eaver
Osborn ,
L l o y d S. E a r l e ,
J o h n C. M il n e ,
Sa m u e l W . H a t h a w a y ,
M . G. B . S w i f t .
Open for business every business day, 9 a . m . to 1
p .m .
1
B alan ce Sh e e t, October
A ssets .
Bank stock as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)...............................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on in
terest,
.......................................
Expense account,
Cash on hand,
.
.
.
.
31, 1891.
L iab ilities .
$318,619
15,050
1,903,935
913,017
00
87
21
37
Deposits, .
Guaranty fund,
Discounts,
Suspense, .
$3,020,577
107,302
124,081
13,811
75
74
82
54
25,000 00
75 00
71,874 94
11,999 97
1,938 16
4,263 33
$3,265,773 85
$3,265,773 85
Cash on Deposit in Banks, amount in each: —
First National Bank, Bos t on, .
.
.
.
National Bank of the Republic, Boston,
National Bank of Redemption, Boston,
Pocassett National Bank, Fall River, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,376 74
20,925 32
30,572 88
11,999 97
116
[Pub. D oc.
R E P O R T O F TH E
No. of
Shares.
Detailed Statement o f Bank Stocks.
14
6
93
250
140
54
50
77
128
25
225
281
35
51
25
102
157
92
300
110
800
180
13
Par Value.
Boston Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot Nat’l Bank, Boston,
First National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Maverick Nat’l Bank, Boston,.
Merchants’ N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Washington N’l Bank, Boston,
Fall River N’l B’k, Fall River,
Massasoit N’l B’k, Fall River,
Metacomet N’l B’k, Fall River,
Nat’l Union Bank, Fall River,
Pocasset Nat’l B’k, Fall River,
Second Nat’l B’k, Fall River,
Railroad Nat’l Bank, Lowell, .
$1,400
600
9,300
25,000
14,000
5,400
5,000
7,700
12,800
2,500
22,500
28,100
3,500
5,100
2,500
10,200
15,700
9,200
30,000
11,000
80,000
18,000
1,300
Estimated
Market Value.
$1,568
774
11,346
60,000
15,400
Amount Invested.
$1,400
600
9,300
25,000
14,000
4,779
5,000
7,700
12,800
2,500
22,500
28,100
3,500
5,100
2,500
10,200
14,312
9,200
30,000
11,000
80,000
18,000
1,127
00
00
00
00
00
-
•7,450
9.856
16,276
4,000
27,900
29,786
4,410
6,171
2,650
12,138
17,270
17,100
39,000
11,550
112,000
30,600
1,677
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$320,800 $438,922 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
50
$318,619 00
Total Amount of Loans with Each Specified Bate o f Interest.
Kate.
Amount.
Kate.
Amount.
2\ per cent.
$649,900 00
1,723,673 49
5 per cent.
“
$455,702 09
Amount.
$71,874 94
12,752 00
4
“
Rate.
6 per cent.
Value,.by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 482
$15,050 87
17,995 00
Aggregate amount of the same,
...............................................................................
Total number of loans upon real e s t a t e , ................................................. 580
Gross amount of interest or profits received or earned, as per books, during
684,871 50
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : second Monday in June and
181,684 59
December.
. Rate and amount o f each semi-annual dividend during the i
per
year ending Oct. 31, 1891, .
.
.
.
.
.
• j 2£ per
Number o f accounts opened during the year ending Oct. 31, 1891,
Number of accounts closed during the year ending Oct. 31, 1891,
Total number of open accounts Oct. 31, 1891,
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
cent., r
cent., j
1,057
1,034
5,406
72,861 66
72,675 59
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
117
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f t a x e s ),...........................................................................................................
$9,149 83
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891........................................................................................................
437,096 21
Number of same,
.
■.............................................................................. 4,201
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1891......................................................................................................................
564,981 57
Number of s a m e , ........................................................................................ 4,605
Date of examination by commissioner : April 14.
Comm onw ealth
B r is t o l ,
of
M a s sa c h u s e t t s .
N ov . 6, 1891.
ss.
Personally appeared E . E . Hathaway, Treasurer of the Citizens’ Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment o f all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters to
which they relate, according to his best knowledge and belief.
Before me,
B r is t o l ,
W
il l ia m
C. D a v o l , Jr., Justice o f the Peace.
N o v . 6, 1891.
ss .
Personally appeared John C. Milne, President, and Franklin L. Alm y, Marcus G. B .
Swift, Joseph Healy, Weaver Osborn, W . F . Thomas and James W . Henry, trustees of
said corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
W
il l ia m
C. D a v o l , Jr., Justice o f the Peace.
118
[Pub. D oc.
R E P O R T O F TH E
CITY FIVE CENTS SAVINGS B A N K — H AVERH ILL.
Incorporated March 31, 1870.
Joh n
B. N
ic h o l s ,
President.
G
eorge
W . N
o yes,
Present number of corporators, 61.
G eo rg e W.
Clerk o f the Corporation.
N
oyes,
Treasurer.
Names of committee charged with the investment of its funds B. N
John
C.
W.
Ch
ic h o l s ,
ase
I
,
0.
ra
Sa m
John
uel
Sa
H
,
o p k in s o n
,
E. G a l e .
Open for business every business day, except Saturday, 9
Saturday, 9 a . m to 12 m .
B a l a n c e Sh e e t , O c t o b e r
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad stocks, .
Loans on real estate, .
.
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Expense account,
Taxes paid,,
.
.
.
.
Cash on hand....................................
w y er
W.
a
.m .
to 12
m
.
; 2 to 3
p .m
.
; on
31, 1891.
L ia b ilit ie s .
$33,000
45
39,847
28,400
108,000
15,500
719,510
262,353
00
00
75
00
00
00
00
12
11,700
35,631
1,405
1,229
1,510
00
90
56
72
10
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,258,133 15
$1,181.559 77
43,875 00
21,342 20
11,356 18
$1,258,133 15
Cash on Deposit in Banks, amount in each : —
First National Bank, H a v e r h i l l , .............................................................................. $15,631 90
Amesbury National Bank, Am esbury..........................................................................
20,000 00
Loan on Public Funds : —
On $50 United States 4 per cent, b o n d ,....................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$45 00
No. 8 .]
S A V IN G S B A N K COM M ISSION ERS
119
Loans on Bank Stock, amount on each : —
On
On
On
On
5 shares Second National Bank, Haverhill.................................................................... $400 00
2 shares First National Bank, H a v e r h i l l , .................................................
200 00
18 shares Second National Bank, Haverhill......................................................j
95 shares Amesbury National Bank, A m e s b u r y ,.......................................j
10)000 00
On 100 shares Essex National Bank, Haverhill......................................................
On 75 shares Second National Bank, H a v e r h i ll,.................................................
On 3 shares First National Bank, H a v e r h i l l , .................................................
10,000 00
7,500 00
300 00
Loans on Railroad Stock, amount on each : —
On 113 shares Boston & Maine R . R . , ................................................................... $15,000 00
On 30 shares Boston & Maine R . R . , ....................................................................
500 00
Detailed Statement o f Public Funds.
Par Value.
City of Grand Rapids, Mich., 5s,
$33,000
Estimated
Market Value.
Amount Invested.
$33,232 00
$33,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
74
30
25
9
30
198
9
5
Par Value.
Continental N’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
Tremont Nat’l Bank, Boston, .
First Nat’l Bank, Haverhill, .
Haverhill N’l Bank, Haverhill,
Merrimack N’l B’k, Haverhill,
$7,400
3,000
2,500
900
3,000
19,800
900
500
$38,000
Estimated
Market Value.
$9,657
3,240
3,737
1,150
3,060
30,690
1,440
800
00
00
00
00
00
00
00
00
$53,774 00
Amount Invested.
$9,247
3,000
2,500
900
3,000
19,800
900
500
75
00
00
00
00
00
00
00
$39,847 75
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 7s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Leeds & Farmington R R. 6s, .
Old Colony R.R. 6s,.
Old Colony R.R. 7 s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
5,000
20,000
10,000
10,000
13,000
$108,000
Estimated
Market Value.
$52,750
4,856
21,766
10,775
10,816
13,742
00
00
00
00
00
00
Amount Invested.
$50,000
5,000
20,000
10,000
10,000
13,000
00
00
00
00
00
00
$114,705 00 $108,000 00
120
[Pub. D oc.
R E P O R T O F TH E
Total Amount o f Loans with Each Specified Bate of Interest.
Kate.
Amount.
Rate.
Amount.
Rate.
2£ per cent.
5
5|
$139,015 00
124,715 00
5£ per cent.
6
$20,625 00
1,500 00
7 per cent.
8
Amount.
$15,631 90
731,653 12
40,000 00
Number of loans which are of an amount not exceeding $3,000 each, 216
Aggregate amount of the s a m e , ............................................................................... $311,558 12
Total number of loans upon real e s t a t e , ................................................. 254
Gross amount of interest or profits received or earned, as per books, dur
64,738 16
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the b y-la w s: June 1 and December 1.
26,548 88
Rate and amount of each semi-annual dividend during the ) 2J per cent., j
22,073 25
year ending Oct. 31, 1 8 9 1 , ........................................................... j 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
1,047
Number of accounts closed during the year ending Oct. 31, 1891,
. 900
Total number o f open accounts Oct. 31, 1891,
.
.
.
.
5,156
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
2,586 55
clusive of taxes),
..................................................................................................
Amount o f deposits, not including dividends, received during the year
269,184 04
ending Oct. 31, 1891........................................................................................................
Number of s a m e , ........................................................................................ 4,749
Amount of withdrawals, including dividends, during the year ending Oct.
264,826 45
31, 1 8 9 1 , .....................................................................................................................
Number of s a m e , ........................................................................................ 3,649
Date of examination by commissioner: April 7.
Com
E
ssex
m onw ealth
or
M
assach u setts.
N ov. 3, 1891.
, ss.
Personally appeared George W . Noyes, Treasurer o f the City Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement o f all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
E
ssex
E . G. W
ood,
, ss.
Justice o f the Peace.
N
ov.
4, 1391.
Personally appeared John B. Nichols, President, and John E . Gale, C. W . Chase,
Chas. E . W iggin, Nathaniel K . Johnson, and Philip C. Swett, trustees o f said corpora
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
E . G. W
ood,
Justice o f the Peace.
No. 8 .]
121
SA V IN G S B A N K CO M M ISSION ERS
CITY INSTITUTION FOR SA V IN G S— LOW ELL.
Incorporated April 12, 1837.
F
r e d e r ic
Present number o f corporators, 42.
T . G r e e n h a l g e , President.
F . A . B u t t r i c k , Treasurer.
F . A . B u t t r i c k , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A
d d is o n
F
rank
P
utnam
,
E
Coburn,
L
dw ard
F.
eonard
Open for business every business day, 9
H
erley
,
u n tress.
a .m
.
to 1
p .m ,
B a la n c e Sh e e t , O ctober
; also Saturdays, 7 to 9
p .m
.
31, 1891.
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Deposit in bank, on interest,
Cash on hand,
.
.
.
.
K. P
T. G r e e n h a l g e ,
$482,600
692,569
51,750
624,500
5,000
2,779,825
1,478,649
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
00
75
00
00
00
68
52
$5,775,445 00
266,000 00
237,161 82
69,500 00
93,413 92
797 95
$6,278,606 82
$6,278,606 82
Cash on Deposit in B a n k : —
Appleton National Bank, L o w e ll,.......................................
$93,413 92
Loans on Bank Stock, amount on each: —
On
On
On
On
On
On
10 shares Appleton National Bank, Lowell, .
40 shares Appleton National Bank, Lowell, .
60 shares Appleton National Bank, Lowell,
25 shares Wamesit National Bank, Lowell, .
9 shares National Hide and Leather Bank, Boston,
20 shares Brockton National Bank, Brockton,
On 10 shares Prescott National Bank, Lowell,
On 38 shares W amesit National Bank, Lowell,
On 55 shares Railroad National Bank, Lowell,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$ 1,000 00
4.000 00
6.000 00
5,000 00
500 00
3,800 00
5,500 00
122
On
On
On
On
On
On
On
On
On
On
[Pub. D oc
R E P O R T O F TH E
3 shares Railroad National Bank, Lowell,
2 shares First National Bank, Lowell,
12 shares Wamesit National Bank, Lowell,
10 shares Massachusetts Loan and Trust Company, Boston,
6 shares Appleton National Bank, Lowell,
9 shares First National Bank, Lowell,
111 shares Pacific National Bank, Lawrence, .
10 shares Old Lowell National Bank, Lowell,
20 shares Lowell Trust Company, Lowell,
90 shares Old Lowell National Bank, L ow ell,.
$500 00
1,200 00
800
600
850
10,500
00
00
00
00
1,000 00
1,500 00
9,000 00
Detailed Statement o f Public Funds.
Par Value.
City of Haverhill, Mass., 7s, .
of Lowell, Mass., 4s,
. t
of Cleveland, Ohio, 4s, .
of Des Moines, Iowa, 4|s,
of Des Moines, Iowa, 4s,.
of East Saginaw, Mich., 5s,
Town of Maynard, Mass., 4s, .
of Plymouth, Mass , 6s,
City of Milwaukee, Wis., 5s, .
of Saginaw, Mich , 4|s, .
f 40,000
50.000
52.000
90.000
60.000
8,000
15.000
20.000
100,000
50,000
$485,000
Estimated
Market Value.
$42,917
52,200
52,000
93,744
59,100
8,020
15,646
21,064
112,347
52,397
50
00
00
00
00
00
50
00
50
50
$509,437 00
Amount Invested.
$40,000
50.000
52.000
90.000
57,600
8,000
15.000
20.000
100,000
50,000
00
00
00
00
00
00
00
00
00
00
$482,600 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
80
200
307
210
124
39
78
138
146
100
55
200
200
100
135
100
44
100
150
250
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston,
Bunker Hill N’l Bank, Boston,
City National Bank, Boston, .
Columbian N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$8,000
20,000
30,700
21,000
12,400
3,900
7,800
13,800
14,600
10,000
5,500
20,000
20,000
10,000
13,500
10,000
4,400
10,000
15,000
25,000
Estimated
Market Value.
$11,280
24,200
30,700
23,520
15,996
7,995
7,488
14,766
18,980
12,500
5,692
48,000
20,000
12,000
14,850
10,000
6,578
9,000
19,050
30,750
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
Amount Invested.
$8,000
20,000
30,700
21,000
12,400
3,900
7,800
13,800
14,600
10,000
5,494
20,000
20,000
10,000
13,500
10,000
4,400
10,000
15,000
25,000
00
00
00
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
No. 8 .]
SA V IN G S B A N K
123
CO M M ISSION ERS
No. of
Shares.
Detailed Statement o f Bank Stocks— Concluded.
400
400
30
50
100
375
36
105
65
167
40
265
100
65
205
400
236
39
31
25
500
64
220
69
39
25
125
Par Value.
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Framingham National Bank,
Framingham,
Bay State N’l B’k, Lawrence, .
Appleton N’l Bank, Lowell, .
First National Bank, Lowell, .
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, L ow ell,.
First N’l Bank, Marlborough,
Massachusetts Loan and Trust
Company, Boston,
Estimated
Market Value.
Amount Invested.
$40,000
40,000
3,000
5,000
10,000
37,500
3,600
10,500
6,500
16,700
4,000
26,500
10,000
6,500
20,500
40,000
23,600
3,900
$50,800
64,000
3,090
6,800
12,400
39,750
5,040
10,50010,660
23,254
4,720
49,025
12,600
7,865
21,730
42,400
24,072
4,641
00
00
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
$40,000
40,000
3,000
5,000
10,000
37,500
3,600
10,500
6,500
16,700
4,000
26,500
10,000
6,500
20,500
40,000
23,600
3,900
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
3,100
1,875
50,000
6,400
22,000
6,900
3,900
2,500
4,310
3,125
100,000
11,200
33,000
9,172
5,655
2,500
00
00
00
00
00
00
00
00
3,100
1,875
50,000
6,400
22,000
6,900
3,900
2,500
00
00
00
00
00
00
00
00
12,500
$692,575
14,125 00
12,500 00
$919,810 25 $692,569 75
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 4s,
Concord & Montreal R R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Fitchburg R.R. 4^s, .
.
.
.
Old Colony & Newport R R. 4s,
Worcester, Nashua & Roch. R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,500
91,000
103,000
100,000
100,000
100,000
100,000
50,000
$646,500
Estimated
Market Value.
$2,685
91,000
106,605
97,390
106,665
101,500
103,000
50,000
00
00
00
00
00
00
00
00
$658,845 00
Amount Invested.
$2,500
91,000
100,000
100,000
100,000
81,000
100,000
50,000
00
00
00
00
00
00
00
00
$624,500 00
124
R E P O R T O F TH E
[Pub. D oc.
Total Amount o f Loans with Each Specified Bate o f Interest.
Amount.
$93,413 92
369,994 54
10,000 00
Rate.
Amount.
Rate.
Amount.
2^ per cent.
4
“
4§
»
$154,225 00
3,068,988 56
320,000 00
4J per cent.
5
“
5h
“
$399,278 91
50,000 00
7,2j)8 19
Rate.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 334
Aggregate amount of the same.....................................................................................
Total number of loans upon real e s t a t e , ................................................. 535
Amount o f investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891.....................................................................................
6 per cent.
6i
7
$5,000 00
20,200 00
460,212 28
5,000 00
324,671 06
Times for the dividends fixed by the by-law's : second Saturday in January
and July.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f 105,760 38
year ending Oct. 31, 1 8 9 1 , ...........................................................J 2 per cent., i 107,523 48
Number of accounts opened during the year ending Oct. 31, 1891,
2,618
Number o f accounts closed during the year ending Oct. 31, 1891,
1,978
Total number of open accounts Oct. 31, 1891,
.
.
.
.
14,954
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes),
..............................................................................
11,584 71
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................. 1,034,046 85
Number of s a m e , .........................................................................................15,432
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ........................................................................................ *.
.
.
Number of s a m e , ........................................................................................ 14,892
Date o f examination by commissioner : September 22.
Commonwealth
Middlesex ,
ss.
op
997,055 95
Massachusetts.
N ov. 19, 1891.
Personally appeared F . A . Buttrick, Treasurer of the City Institution for Savings, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment o f all the resources and liabilities o f said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Middlesex ,
ss.
J. F . K imball, Justice o f the Peace.
N ov. 19, 1891.
Personally appeared Frederic T . Greenhalge, President, and Frank Coburn, Edward
K . Perley, Leonard Huntress, W m . E . Livingston and W m . S. Bennett, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J. F . K imball, Justice o f the Peace.
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
125
CLINTON SAVINGS B A N K — CLINTON.
Incorporated May 15, 1851.
Present number of corporators, 57.
Chas. L. Swan, President.
C. L . S. H ammond, Treasurer.
Chas. G. Stevens, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C. L. Swan,
G. W . W eeks,
C. C. Stone,
J. E . Thayee ,
C. A . V ickeey.
Open for business every business day, except Saturdays, 9
'
Saturdays, 9 a .m . to 1 p . m .
B a la n c e Sh e e t , O cto ber
.
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stocks,
Railroad notes, .
.
.
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, not on interest,
Premium account,
Cash on hand....................................
a .m .
to 12
m.
; and 2 to 4
p .m .
;'
31, 1891.
L ia b ilit ie s .
$38,500
4.000
86,100
3,800
33.000
25.000
50.000
14,075
703,573
437,047
00
00
00
00
00
00
00
00
78
59
15.000
7,252
6.000
351
00
09
00
83
1^
Deposits, .
Guaranty fund,
Interest account,
$1,423,700 29
$1,381,371 51
40,000 00
2,328 78
$1,423,700 29
Cash on Deposit in B a n k : —
First National Bank, C l i n t o n , .............................................................................. $7,252 09
Loan on Public Funds : —
On $4,000 United States 4 s , ........................................................................................$4,000 00
Loans on Bank Stock, amount on each: —
On 10 shares Hudson National Bank, Hudson, .
.
.
.
.
On 30 shares First National Bank, C lin to n ,...........................................................
$800 00
3,000 00
Loan on Railroad Stock : —
On 250 shares Boston & Maine R . R . , .....................................................................$25,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
126
[Pub. D oc
R E P O R T O F TH E
Detailed Statement o f Public Funds.
Par Value.
City of Taunton, Mass., 5s,
Town of Clinton, Mass , 6s,
of Clinton, Mass., 4s,
City of Boston, Mass., 4s,
.
.
$8,000
5,500
21,000
4,000
$38,500
Estimated
Market Value.
$8,240
• 5,555
21,525
4,020
00
00
00
00
39,340 00
Amount Invested.
$8,000
5,500
21,000
4,000
00
00
00
00
$38,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
14
20
5
10
16
20
50
30
2
44
105
315
40
50
50
50
Par Value.
Atlas National Bank, Boston, .
Central Nat’l Bank, Boston, .
National Citv Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Metropolitan N’l B’k, Boston,
Boston National Bank, Boston,
N’l B’k of No. America, Boston,
Nat’l Webster Bank, Boston, .
First National Bank, Clinton,
Fitchburg N’l B’k, Fitchburg,
National Bank of Commerce,
New Bedford,
First N’l Bank, New Bedford,
Orange Nat’l Bank, Orange, .
$1,400
2,000
500
1,000
1,600
2,000
5,000
3,000
200
4,400
10,500
31,500
4,000
Estimated
Market Value.
$1,701
2,840
488
1,240
1,768
2,000
5,100
2,111
225
5,467
10,500
39,375
6,120
00
00
75
00
00
00
00
25
00
00
00
00
00
Amount Invested.
$1,400
4,000
500
1,000
1,600
2,000
5,000
3,000
200
4,400
10,500
31,500
6,000
00
00
00
00
00
00
00
00
00
00
00
00
00
5,000
5,000
5,000
4,562 50
7,662 50
7,250 00
5,000 00
5,000 00
5,000 00
$82,100
$98,411 00
$86,100 00
Detailed Statement o f Railroad Bonds.
)
Old Colony R.R. 7 s ,.
Old Colony R.R. 6 s,.
Fitchburg R.R 7s, .
Worcester & Nashua R R. 5s, .
Nashua & Rochester R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$5,000
10,000
13,000
3,000
2,000
$33,000
Estimated
Market Value.
$5,250
10,800
13,585
3,015
2,020
00
00
00
00
00
$34,670 00
Amount Invested.
$5,000
10,000
13,000
3,000
2,000
00
00
00
00
00
$33,000 00
No. 8 .]
127
SA Y IN G S B A N K CO M M ISSION ERS.
Total Amount o f Loans with Each Specified Rate o f Interest.
Bate.
Amount.
Bate.
Amount.
4| per cent.
5
“
“
5i
$56,043 55
154,294 28
5J per cent.
6
“
$17,747 59
5,669 10
Amount.
$55,000 00
879,666 85
70,000 00
Bate.
6£ per cent.
7
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 325
$14,075 00
8,500 00
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real estate,........................................................... 352
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the b y-law s: second Monday in April and
335,923 78
64,126 86
October.
Rate and amount of eachsemi-annual dividend during the j 2 per cent., r 24,976 37
year ending Oct. 31, 1 8 9 1 , ...........................................................12 per cent., j 25,752 16
Number o f accounts opened during the year ending Oct. 31, 1891,
. 778
Number of accounts closed during the year ending Oct. 31, 1891,
. 659
Total number of open accounts Oct. 31, 1891,
.
.
.
.
4,599
Total expenses o f the corporation for the year ending Oct. 31, 1891 (e x
clusive of t a x e s ) ,............................................................................................................
5,572 99
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.........................................................................................................
319,065 88
Number of s a m e , ........................................................................................ 4,548
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 ,..............................................................................................................................
290,759 58
Number of s a m e , ........................................................................................3,188
Date of examination by commissioner: April 30.
C o m m o n w e a l t h of M a s s a c h u s e t t s .
W o r c e s t e r , ss .
•
Nov. 9, 1891.
Personally appeared C. L. S. Hammond, Treasurer o f the Clinton Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
W
W
alter
R . D a m e , Justice o f the Peace.
N o v . 9, 1891.
o r c e s t e r , ss .
Personally appeared Chas. L. Swan, President, and C. G. Stevens, A . C. Dakin, W m .
Hamilton, C. C. Stone and C. A . Vickery, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
Lucius F i e l d , Justice o f the Peace.
128
[Pub. D oc.
R E P O E T O F TH E
COHASSET SAVINGS BANK — COHASSET.
Incorporated Feb. 28, 1845.
Present number of corporators, 45.
J. Q. A . L oth n o r , President.
C a l e b L o t h r o p , Treasurer.
C a l e b L o t h r o p , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
J. Q. A . L o t h r o p ,
M o r g a n B. S t e tso n ,
L ou is N . L in c o l n ,
A braham H . T o w er.
Open for business every business day, 9
a .m .
to 12
B alan c e S h ee t, October
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Expense account,
Suspense account,
Cash on hand, .
.
.
.
m .,
and 1 to 4
p .m .
31, 1891.
L ia b ilit ies .
' $9,000
54.000
5.000
22.000
7.000
282,805
118,404
00
00
00
00
00
00
21
48,100
9,785
458
410
_769
00
99
12
93
19
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$557,733 44
$524,903 40
17,410 00
8,343 98
7,076 06
$557,733 44
Cash on Deposit in Banks, ampunt in each : —
Boston National Bank, B o s t o n , ..............................................................................$8,951 68
Hingham National Bank, H i n g h a m , ....................................................................
834 31
Loan on Bank Stock : —
On 50 shares Fourth National Bank, B o s t o n , ................................................ $5,000 00
Detailed Statement o f Public Funds.
Par Value.
City of Springfield, Ohio, 4Js,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,000
Estimated
Market Value.
$9,470 00
Amount Invested.
$9,000 00
No. 8 .]
129
SA V IN G S B A N K CO M M ISSION ERS.
No. of
Shares.
Detailed Statement of Bank Stocks.
30
20
45
43
20
40
18
20
25
30
23
12
22
45
32
38
36
15
10
16
Par Value.
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
National City Bank, Boston, .
Columbian N’l Bank, Boston,.
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Everett Nat’l Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Market Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
North National Bank, Boston,
N’l B’k of the Republic, Boston,
Nat’l Revere Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
National Union Bank, Boston,
Washington N’l Bank, Boston,
Nat’l Webster Bank, Boston, .
Estimated
Market Value.
Amount Invested.
$3,000
2,000
4,500
4,300
2,000
4,000
1,800
2,000
2,500
3,000
2,300
1,200
2,200
4,500
3,200
3,800
3,600
1,500
1,000
1,600
$3,645 00
2,000 00
5,040 00
4,128 00
2,140 00
5,200 00
1,854 00
2,060 00
3,100 00
3,000 00
3,450 00
1,668 00
3,520 00
4,770 00
4,032 00
4,626 00
3,672 00
2,100 00
1,190 00
1,600 00
$3,000 00
2,000 00
4,500 00
4,300 00
2,000 00
4,000 00
1,800 00
2,000 00
2,500 00
3,000 00
2,300 00
1,200 00
2,200 00
4,500 00
3,200 00
3,800 00
3,600 00
1,500 00
1,000 00
1,600 00
$54,000
$62,795 00
$54,000 00
Detailed Statement o f Railroad Bonds.
Par Value.
Old Colony R R. 7s,.
Eastern R.R. 6s,
.
.
Estimated
Market Value.
Amount Invested.
$9,000
13,000
$9,485 00
16,120 00
$9,000 00
13,000 00
$22,000
$25,605 00
$22,000 00
.
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$12,104 21
9,785 99
18,500 00
Kate.
Amount.
Rate.
Amount.
0 per cent.
2
4h
“
$179,000 00
9,000 00
107,900 00
5 per cent.
H
“
$112,805 00
15,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5à
“
Rate.
6
per cent.
6 i
“
130
R E P O R T O F TH E
[Pub. D oc.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1891,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 142
Aggregate amount of the s a m e , ..............................................................................
Total number o f loans upon real e s t a t e , .................................................154
$7,000 00
6,900 00
419 73
126,205 00
Amount of investments from which no income is received................................
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the by-laws : first Tuesday in January
and July.
12,104 21
Rate and amount of each semi-annual dividend during the 1 2 per
year ending Oct. 31, 1 8 9 1 , .......................................................... 3 2 per
Number of accounts opened during the year ending Oct. 31, 1891,
Number of accounts closed during the year ending Oct. 31, 1891,
Total number of open accounts Oct. 31, 1891,
.
.
.
.
cent., f
9,763 87
cent., t
. 168
.
97
1,271
10,008 15
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of ta x e s ),..............................................................................• .
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of same....................................................................................................... 724
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ....................................................................................................................
Number of same, .
....................................................................................... 701
Date o f examination by commissioner: July 24.
Com m onw ealth
N orfolk,
of
27,637 08
1,738 62
74,336 90
72,152 88
M assa ch u setts.
N ov . 16, 1891.
ss .
Personally appeared Caleb Lothrop, Treasurer of the Cohasset Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities o f said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
N orfolk,
E d w a r d E . E l l m s , Justice o f the Peace.
N o v . 16, 1891.
ss .
Personally appeared J. Q. A . Lothrop, President, and Louis N . Lincoln, A . H . Tower,
Morgan B. Stetson, Joshua W . Davis and C. James Pratt, trustees o f said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
E d w a r d E . E l l m s , Justice o f the Peace.
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
131
CONW AY SAVINGS BANK — CONWAY.
Incorporated March 10, 1887.
Present number o f corporators, 23.
J o h n B . P a c k a e d , President.
W . G. A v e r y , Treasurer.
W . G. A v e r y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Car los B a t c h e l d e r ,
E
dw ard
John B. P a c k a r d ,
D elabarre,
H a r r is D . P e a s e ,
C h a s . B . M e r r it t .
Open for business every business day, 9
a .m .
to 3
pm .
B a l a n c e Sh e e t , O c t o b e r 31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Deposits in banks, on interest, .
Cash on hand, .
L iab ilit ie s .
$3,000
400
1,986
1,000
62,045
21,450
00
00
67
00
00
00
Deposits, .
Guaranty fund,
Profit and loss account, .
$110,972 00
749 66
134 85
500 00
20,000 00
1,474 84
$111,856 51
$111,856 51
Cash on Deposit in Banks, amount in each : —
National Bank of Commonwealth, Boston, .
Springfield Safe Deposit & Trust Company, Springfield,
Home National Bank, H o l y o k e , .................................................
Conway National Bank, C o n w a y ,.................................................
$5,000
5.000
5.000
5.000
00
00
00
00
Loans on Bank Stock, amount on each : —
On 3 shares Conway National Bank, Conway,
$ 10 0 00
On 3 shares Conway National Bank, Conway,
On 15 shares City National Bank, Holyoke, .
On 20 shares Home National Bank, Holyoke,
286 67
1,000 00
600 00
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Federal Reserve Bank of St. Louis
[Pub. D oc.
R E P O R T O F TH E
132
Detailed Statement o f Public Funds.
Par Value.
City of Bangor, Me., 6s, .
of Cleveland, Ohio, 5s,
of Malden, Mass , 6s,
.
•
Estimated
Market Value.
Amount Invested.
$1,000
1,000
1,000
$1,040 00
1,040 00
1,015 00
$1,000 00
1,000 00
1,000 00
$3,000
$3,095 00
$3,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
4
Conway Nat’l Bank, Conway,
Par Value.
Estimated
Market Value.
$400
$500 00
Amount Invested.
$400 00
Detailed Statement o f Railroad Bonds.
Par Value.
$1,000
Fitchburg R R. 6s, .
Estimated
Market Value.
Amount Invested.
$1,000 00
$1,090 00
Total Amount of Loans with Each Specified Rate o f Interest.
Rate.
Amount.
$5,000 00
2^ per cent.
Amount.
$15,000 00
Rate.
4 per cent.
Rate.
Amount.
5 per cent.
$85,981 67
Number of loans which are of an amount not exceeding $3,000 each,
55
Aggregate amount o f the same...................................................................................... ........
67
Total number of loans upon real e s t a t e , ................................................. 44
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
4,617 03
Times for the dividends fixed by the by-laws : M ay 1 and November 1.
Rate and amount of each semi-annual dividend during the ) 2 per cent., j
1,710 62
year ending Oct. 31, 1 8 9 1 ,...................................................... j 2 per cent., j
1,949 39
Number of accounts opened during the year ending Oct. 31, 1891,
Number of accounts closed during the year ending Oct. 31, 1891,
.
.
122
72
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 474
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , ..................................................................................................
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Federal Reserve Bank of St. Louis
265 74
N o. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , .................................................................................................. 462
Amount o f withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
133
$40,955 37
24,906 21
Number o f same........................................................................................................288
Date o f examination by commissioner: June 25.
Commonwealth of M assachusetts .
F r a n k l in ,
N ov . 14, 1891.
ss.
Personally appeared W . G. Avery, Treasurer of the Conway Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
F r a n k l in , ss .
H e n r y W . B i l l i n g s , Justice o f the Peace.
N ov . 14, 1891.
Personally appeared John B. Packard, President, and A . M . Cook, Carlos Batchelder, Daniel Eldredge, Arthur P. Delabarre, and Charles C. Burdett, trustees o f said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
H e n r y W ., B i l l i n g s , Justice o f the Peace.
[Pub. D oc
R E P O R T OF TH E
134
/
COUNTY SAVINGS BANK — CHELSEA.
Incorporated Feb. 27, 1890.
Present number of corporators, 59.
A l b e r t D . B osson , President.
G e o r g e T . R o b e r t s , Treasurer.
V e r n o n A . F i e l d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A l b e r t D . B osson ,
Jo h n M u l l o y ,
J o h n H . C u n n in g h a m ,
H enry N . W
G e o r g e W . M oses ,
M il t o n R a y ,
F r a n k E . F it z ,
entw orth.
Open for business every business day, 8 a .m . to 1 p .m . ; and on Monday, Wednesday and
¡Thursday, 5 to 8 p . m . ; Saturday, 5 to 9 p . m .
B a l a n c e Sh e e t , O c t o b e r
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Premium account,
Cash on hand, .
.
.
.
31, 1891.
$8,000
8,700
1,250
5,000
86,245
27,600
4,878
29
350
1,245
614
00
00
00
00
25
00
16
15
00
00
40
$143,911 96
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count,
$142,766 22
569 39
68 51
507 84
$143,911 96
Cash on deposit in banks, amount in each : —
Winnisimmet National Bank, C h else a ,.................................................................... $3,667 06
First W ard National Bank, B o s t o n , ....................................................................
1,156 44
Winthrop National Bank, B o sto n ,.............................................................................
54 66
Loans on Bank Stock, amount on each : —
On 10 shares Winnisimmet National Bank, C h e l s e a ,.......................................$800 00
On 5 shares Winnisimmet National Bank, C h e l s e a , .......................................
450 00
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Federal Reserve Bank of St. Louis
No. 8 .]
135
SA V IN G S B A N K C O M M IS S IO N E D .
Detailed Statement o f Public Funds.
Par Value.
City of Cleveland, Ohio, 4s,
of Chelsea, Mass , 4s,
.
Estimated
Market Value.
Amount Invested.
$3,000
5,000
$3,000 00
5,220 00
$3,000 00
5,000 00
$8,000
$8,220 00
$8,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
1
11
6
3
1
6
5
10
3
4
5
20
12
Par Value.
National City Bank, Boston, .
Columbian Nat’l B’k, Boston .
National Eagle Bank, Boston,
N’l B’k of N. America, Boston,
Suffolk Nat’l B’k, Boston,
Washington N’l B’k, Boston, .
First Nat’ l B’k, Newburyport,
So. Danvers N’ l B’k, Peabody,
Mechanics’ N’l B’k, Worcester,
Freeman’s Nat’l B’k, Boston, .
First Ward Nat’l B’k, Boston,
Third Nat’l Bank, Boston,
Dedham Nat’l Bank, Boston, .
$100
1,100
600
300
100
600
500
1,000
300
400
500
2,000
1,200
$8,700
Estimated
Market Value.
$96
1,177
618
372
106
714
660
1,300
315
400
650
2,132
1,260
00
00
00
00
00
00
00
00
00
00
00
50
00
$9,800 50
Amount Invested.
$100
1,100
600
300
100
600
500
1,000
300
400
500
2,000
1,200
00
00
00
00
00
00
00
00
00
00
00
00
00
$8,700 00
Detailed Statement o f Railroad Bonds.
Par Value.
Amount Invested.
$1,000
1,000
3,000
$1,064 70
1,056 40
3,015 00
$1,000 00
1,000 00
3,000 00
o
o
©
Old Colony R R . 6s,
Portland & Kennebec R.R 6s,
Boston & Albany R R. 7s,
Estimated
Market Value.
$5,136 10
$5,000 00
m
Total Amount o f Loans with Each Specified Bate o f Interest.
Rate.
Amount.
$1,211 10
3,667 06
2\
per cent.
3
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
Rate.
$111,243 25
3,600 00
6 per cent.
6£
“
Amount.
$252 00
Rate.
8 per cent.
136
REPORT OF THE
[Pub. D oc.
Number of loans which are of an amount not exceeding $3,000 each,
51
Aggregate amount of the s a m e , ...............................................................................$69,052 00
Total number of loans upon real e s t a t e , ................................................. 53
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ...............................................................................
Times for the dividends fixed by the by-law s: third Saturday in April and
October.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 9 1 ,........................................................... i 2 per cent., I
Number of accounts opened during the year ending Oct. 31, 1891,
. 448
Number of accounts closed during the yearending Oct. 31, 1891,
. 132
Total number of open accounts Oct. 31, 1 8 9 1 , ........................................ 842
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.......................................................................................................
Number of same, .
1,948
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number o f same...................................................................................................... 810
6,002 75
' 1,328 28
2,058 75
1,259 16
126,501 06
54,582 29
Date o f examination by commissioner : June 5.
Co m m o n w ealth
S uffolk,
of
M a s sa c h u s e t t s .
N o v . 16, 1891.
ss .
Personally appeared George T . Roberts, Treasurer of the County Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
I sa a c W . B o e in g , Justice o f the Peace.
Before me,
Su f f o l k ,
N ov . 16, 1891.
ss .
Personally appeared Albert D . Bosson, President, and John H . Cunningham, Nathan
F . Carruth, Geo. W . Moses, Henry N . Wentworth and John C. Loud, trustees o f said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I sa a c W . L o r in g , Justice o f the Peace.
Before me,
*
N o. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
137
CROCKER INSTITUTION FOR SAVINGS — TURNER’S
FALLS.
Incorporated April 3, 1869.
J. H . R
oot ,
Present number of corporators, 33.
President.
I ). P . A b e r c r o m b ie , Treasurer
W . H . P. G il m o r e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
G . L. R is t ,
Jam es A . G u n n ,
D . P . A b e r c r o m b ie .
Open for business every business day, 9
B alan ce S h ee t, O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , .......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposit in bank, not on interest,
S u s p e n s e ,.......................................
Cash on hand,
.
.
.
.
a .m .
to 3
p .m .
31, 1891.
L ia b il it ie s .
$47,000
25,000
9,850
40,000
00
00
00
00
Deposits, .
Guaranty fund,
Profit and loss
count, .
$708,655 49
15,500 00
ac5,978 29
31,000 00
384,764 37
166,307 50
19,000
200
4,318
2,541
151
00
00
68
50
73
$730,133 78
$730,133 78
Cash on Deposit in Bank : —
Crocker National Bank, Turner’s Falls.................................................................... $4,318 68
Loans on Bank Stock, amount on each : —
On 63 shares Crocker National Bank, Turner’s F a l l s ,........................................$5,850 00
On 40 shares Packard National Bank, G r e e n f i e l d , .......................................
4,000 00
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Federal Reserve Bank of St. Louis
[Pub. D oc
R E P O R T O F TH E
138
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 6s,
of Boston, Mass., 5s,
of Providence, R. I., 5s, .
of East Saginaw, Mich , 5s,
Town of Montague, Mass., 4s,
City of Cambridge, Mass, 4s, .
$6,000
4.000
5.000
3.000
9.000
20,000
$47,000
Estimated
Market Value.
$6,300
4,570
5,450
3,210
9,135
20,650
00
00
00
00
00
00
$49,315 00
Amount Invested.
$6,000
4.000
5.000
3.000
9.000
20,000
00
00
00
00
00
00
$47,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
87
40
10
7
10
10
10
10
40
Par Value.
Crocker N’l B’k ,Turner’s Falls,
Conway Nat’l Bank, Conway,
Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.
Nat’l Webster Bank, Boston, .
Eliot National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
$8,700
4,000
1,000
700
1,000
1,000
1,000
1,000
4,000
$22,400
Estimated
Market Value.
$10,440
4,800
1,420
750
1,000
1,200
1,020
1,280
5,160
00
00
00
00
00
00
00
00
00
$27,070 00
Amount Invested.
$9,835
4,000
1,000
1,014
1,000
1,000
1,242
1,203
4,704
00
00
00
50
00
00
50
75
25
$25,000 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Revere Beach & Lynn R.R. 6s,
Old Colony R.R., 6s,
. . .
Fitchburg R.R. 5s, .
Fitchburg R R. 4^s ,.
Vermont & Massachusetts R.R. 5s, .
Boston & Maine R.R. 7s, .
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Federal Reserve Bank of St. Louis
$7,000
5,000
15,000
5,000
5,000
3,000
$40,000
Estimated
Market Value.
$7,640
5,450
15,750
5,050
5,400
3,150
00
00
00
00
00
00
$42,440 00
Amount Invested.
$7,000
5,000
15,000
5,000
5,000
3,000
00
00
00
00
00
00
$40,000 00
No. 8 .]
139
SA Y IN G S B A N K COM M ISSION ERS.
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount.
$14,000 00
546,121 87
4 per cent.
5
Amount.
Kate.
$10,000 00
5J per cent.
Rate.
Amount.
6 per cent.
$10,000 00
Amount invested in real estate for banking purposes,.......................................
Estimated value o f the s a m e , ...............................................................................
Assessed value of the s a m e ,........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 391
Aggregate amount o f the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................ 365
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the by-law s: January 1 and July 1.
Rate and amount of each semi-annual dividend during the 1 2 per cent.; r
year ending Oct. 31, 1 8 9 1 , ..........................................................12 per cent., (
Number of accounts opened duringthe year ending Oct.31, 1891,
. 383
Number of accounts closed during the year endingOct. 31, 1891,
. 255
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,067
Total expenses of the corporation for the year ending Oct. 31, 1891
$31,000 00
31,000 00
22,400 00
1,891 68
297,468 87
33,860 73
13,128 86
13,497 56
(exclusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
2,104 37
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of same.................................................................................... 2,245
Amount of withdrawals, including dividends, during the year ending
138,658 37
Oct. 31, 1891......................................................................................................................
Number of s a m e , .............................................................................. 1,372
Date of examination by commissioner: November 19.
137,408 40
1
F r a n k l in ,
C o m m o n w e a l t h o r M a s sa c h u s e t t s .
N ov . 6, 1891.
ss.
Personally appeared D . P. Abercrombie, Treasurer of the Crocker Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement o f all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
F r a n k l in ,
J o h n M cI l v e n e , Justice o f the Peace.
N ov . 6, 1891.
ss .
Personally appeared J. H . Root, President, and M . B . Allen, E . L . Goddard, James
A . Gunn, W . H . P. Gilmore and G. L. Rist, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o h n M c I l v e n e , Justice o f the Peace.
140
R E P O R T O F TH E
[Pub. D oc
DANVERS SAVINGS BANK — DANVERS. ‘
Incorporated March 20, 1850.
A u g ustus M u d g e , President.
A l b io n F . W
Present number of corporators, 42.
A l b io n F . W
elch,
elch,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
I r a P. P o p e ,
J. F r a n k P o r t e r ,
Ch a s. H. G ould,
C h a u n c e y S. R
G il b e r t A . T a p l e y .
Open for business every business day, 8
a .m .
B a l a n c e Sh e e t , O c t o b e r
A ssets .
to 12
ic h a r d s ,
m.
; 1 to 3
p .m .
31, 1891.
L ia b ilit ie s .
•
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loan on railroad stocks, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposit in bank, on interest,
Deposits in banks, not on interest,
Expense account,
Insurance account,
Cash on hand,
.
.
.
.
$19,775
143,280
18,225
56,000
70,000
25,000
530
525,546
432,282
00
50
00
00
00
00
00
72
99
500
325
7,349
1,028
191
105
4,456
00
00
22
35
66
83
24
$1,304,596 51
Deposits, .
Guaranty fund,
Interest account,
Earnings undivided,.
$1,239,413
48,500
6,672
10,010
50
00
08
93
$1,304,596 51
Cash on Deposit in Banks, amount in each : —
Faneuil Hall National Bank, Boston,
First National Bank, Danvers,
Maverick National Bank, B oston,.
.
$7,349 22
992 60
35 75
Loans on Bank Stock, amount on each : —
On
On
On
On
On
6 shares Salem National Bank, Salem, .
16 shares First National Bank, Danvers,
5 shares First National Bank, Danvers, .
3 shares First National Bank, Danvers, .
200 shares Broadway National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
j
$1,800 00
375 00
50 00
16,000 00
No. 8 .]
S A Y IN G S B A N K COM M ISSION ERS
141
Loans on Railroad Bonds, amount on each: —
On $50,000 Boston & Maine R .R . 4 s , .....................................................................$50,000 00
On $20,000 Concord & Montreal R .R . 4 s , ...........................................................
20,000 00
Loan on Railroad Stock: —
On 250 shares Boston & Maine R . R . , .....................................................................$25,000 00
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 6s,
of Boston, Mass , 4s,
Estimated
Market Value.
Amount Invested.
$10,000
10,000
$10,250 00
10,050 00
$9,775 00
10,000 00
$20,000
$20,300 00
$19,775 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
53
10
60
70
85
68
10
50
71
65
75
50
34
80
20
25
131
75
125
20
10
270
7
5
25
Par Value.
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Continental N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N atl Exchange Bank, Boston,
Globe National Bank, Boston,
Howard Natl Bank, Boston, .
Lincoln Natl Bank, Boston, .
Merchants’ N atl Bank, Boston,
N’l B’k of No America, Boston,
N’l B’k of Redemption, Boston,
Nat’l Revere Bank, Boston,
State National Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
First National Bank, Danvers,
National Bank of Commerce,
New Bedford,
First N’l Bank, New Bedford,
Warren Nat’l Bank, Peabody,
Rockport N’l Bank, Rockport,
Asiatic Natl Bank, Salem,
First National Bank, Salem, .
Naumkeag Nat’l Bank, Salem,
Salem National Bank, Salem,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$5,000
5,300
1,000
6,000
7,000
8,500
6,800
1,000
5,000
7,100
6,500
7,500
5,000
3,400
8,000
2,000
2,500
9,825
$6,075
5,3u0
1,300
7,665
9,546
8,500
7,514
1,097
7,475
8,768
8,255
7,950
6,087
3,400
8,530
2,040
2,975
10,873
00
00
00
00
25
00
00
50
00
50
00
00
50
00
00
00
00
00
$5,675
5,300
1,080
6,000
7,097
10,612
6,800
1,100
6,475
7,268
7,901
7,500
5,356
3,345
8,000
2,000
2,500
10,197
00
00
00
00
50
50
00
00
00
75
25
00
25
00
00
00
00
00
7,500
12,500
2,000
1,000
8,100
700
500
2,500
6,825
18,750
2,700
1,300
9,720
905
700
3,275
00
00
00
00
00
63
00
00
8,962
14,947
2,000
1,000
8,100
700
500
2,862
50
25
00
00
00
00
00
50
$132,225
$157,527 38 $143,280 50
142
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Railroad Bonds.
Par Value.
Conn. & Passumpsic Rivers R.R. 7s,
Boston & Lowell R R 7s,
Boston, Winthrop & Shore R R. 5s,
Fitchburg R R. 4s, .
Fitchburg R.R. 4Js, .
.
.
.
Estimated
Market Value.
$16,000
10,000
10,000
10,000
10,000
$16,320
10,750
10,700
9,400
9,900
$56,000
$57,070 00
Amount Invested.
00
00
00
00
00
$16,000
10,000
10,000
10,000
10,000
00
00
00
00
00
$56,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$7,349
623
179,500
16,000
Kate.
22
50
00
00
3 per cent.
4
“
44
“
4|
Amount.
$268,989
55.000
220,800
25.000
49
00
00
00
Kate.
5 per
54
54
5|
cent.
“
“
“
Amount.
$263,925
500
26,541
15,000
00
00
72
00
Rate.
6 per cent.
64
“
7
8
“
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 286
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate............................................................ 283
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ........................................................... 1 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 387
Number of accounts closed during the year ending Oct. 31, 1891,
. 308
Total number of open accounts Oct. 31, 1891,
.
.
.
.
3,693
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of ta x e s),............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891........................................................................................................
Number of s a m e , .........................................................................................2,343
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ........................................................................................ 2,106
Date of examination by commissioner: April 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$530 00
400 00
243,364 71
530 00
68,378 71
23,460 00
23,594 97
2,996 59
166,096 80
190,152 51
No. 8 .]
S A Y IN G S B A N K COM M ISSION ERS.
C om m onw ealth
E ssex,
of
143
M assach usetts.
N ov. 3, 1891.
ss .
Personally appeared Albion F . W elch, Treasurer of the Danvers Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex ,
W . M. A
yres,
Justice o f the Peace.
N ov. 4, 1891.
ss .
Personally appeared Augustus Mudge, President, and Charles H . Gould, F. P. Merriam, J. Frank Porter, Israel H . Putnam, J. R . Langley and Charles H . W hite, trus
tees o f said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
W . M . A y r e s , Justice o f the Peace.
144
R E P O R T O F TH E
[Pub. D oc.
DEDHAM INSTITUTION FOR SAVINGS - DEDHAM.
Incorporated March 19, 1831.
Present number of corporators, 89.
A u g u stu s B . E n d ic o t t , President.
A l f r e d H e w in s , Treasurer.
A l f r e d H e w in s , Clerk o f the Corporation.
Names o f committee charged with the investment o f its funds :
A u g u stu s B. E
n d ic o t t ,
H o w a r d Co lb u r n ,
Jo h n R . B u l l a r d ,
W
D on G. H i l l ,
W
arren.
a .m .
to 12.30
in s l o w
Open for business daily, 9
B a la n c e Sh e e t , O ctober
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Railroad notes, .
.
.
.
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
p .m
. ; 2 to 4
p .m .
31, 1891.
L iabilities .
$366,000
25.000
75,500
3,960
719,500
30.000
00
00
00
00
00
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$2,265,735 92
110,997 28
122,957 00
13,719 30
555,389 00
613,200 00
52.000 00
43,421 90
2,000 00
$2,499,690 20
$2,499,690 20
Cash on Deposit in B a n k : —
Dedham National Bank, D e d h a m , .................................................................... $45,421 90
Loan on Public F u n d s:—
On $27,000 City of Chicago 7 s , .............................................................................. $25,000 00
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Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
145
Loans on Bank Stock, amount on each: —
On
On
On
On
On
$260
1,000
1,000
500
1,200
3 shares Dedham National Bank, Dedham,
10 shares National Bank of Redemption, Boston, .
43 shares Dedham National Bank, Dedham, .
6 shares Dedham National Bank, Dedham,
13 shares Dedham National Bank, Dedham, .
00
00
00
00
00
Detailed Statement o f Public Funds.
Par Value.
Estimated
Amount Invested.
Market Value.
( $100,000 00
$100,000 b
City of Boston, Mass , 4s, .
10,000 00
10,000 } $126,120 00 )
of Boston, Mass , 6s, .
( 12,000 00
12,000 )
of Boston, Mass., 4s, .
1,000 00
1,100 00
1,000
of Cleveland, Ohio, 6s,
36,000 00
37,000 00
36,000
of Cleveland, Ohio, 5s,
10,000 00*
10,100 00
10,000
of Columbus, Ohio, 4s,
30,000 00
32,100 00
30,000
District of Columbia 5s, .
10,000 00
10,500 00
10,000
City of Fall River, Mass , 6s,
10,000 00
10,700 00
10,000
of Grand Rapids, Mich., 5s,
8,000 00
8,480 00
8,000
of Grand Rapids, Mich., 8s,
2,000 00
2,100 00
2,000
Town of Lincoln, Mass., 6s,
10,000 00
10,100 00
10,000
of Malden, Mass., 6s,
18,000 00
18,360 00
18,000
City of Manchester, N. H., 6s,
5,000 00
5,100 00
5,000
Town of Melrose, Mass., 7s,
9,000 00*
10,800 00
9,000
City of Portland, Me , 6s, .
20,000 00
20,800 00
20,000
of Providence, R. I., 4is,
5,000 00
5,400 00
5,000
Town of South Norwalk, Conn ,6s,
5,000 00
5,350 00
5,000
of Woburn, Mass., 6s,
40,000 00
44,800 00
40,000
City of Springfield, Ohio, 4|s,
25,000 00
27,750 00
25,000
of Dayton, Ohio, 5s,
$366,000
*
$366,000 00
$386,660 00
Legal investments when made.
Detailed Statement o f Bank Stocks.
N
o-. oo
o>
© os
^
Par Value.
Estimated
Market Value.
Amount Invested.
GO
145
75
75
150
25
40
60
50
25
25
85
Atlas National Bank, Boston,
Blackstone Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
Dedham Nat’l B’k, Dedham, .
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$14,500
7,500
7,500
15,000
2,500
4,000
6,000
5,000
2,500
2,500
8,500
$17,400
7,575
9,450
15,900
2,500
4,400
9,600
6,300
3,000
3,500
8,500
00
00
00
00
00
00
00
00
00
00
00
$75,500
$88,125 00
$14,500
7,500
7,500
15,000
2,500
4,000
6,000
5,000
2,500
2,500
8,500
00
00
00
00
00
00
00
00-}
00
00
00
$75,500 00
146
R E P O R T O F TH E
[Pub. Doc.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 7s,
$25,000
Boston, Barre & Gardner R.R. 7s, .
23,000
Boston, Barre & Gardner R.R. 5s, .
2,000
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
35,000
Boston, Revere Beach & Lynn R.R. 6s,
11,000
Boston & Maine R R 7s, .
56,000
Boston & Lowell R.R. 7s,
55,500
Boston & Lowell R.R. 6s,
26,000
Boston & Lowell R.R. 5s,
5,000
Boston & Lowell R.R. 4-|s,
5,000
Boston, Winthrop & Shore R R. 5s,
25,000
Concord & Claremont R.R. 7s,
1,000
Conn. & Passumpsic Rivers, R.R. 7s,
78,500
Eastern R.R. 6s,
. . .
29,000
Fitchburg R.R. 5s, .
15,000
Fitchburg R.R. 4s, .
45,000
Leeds & Farmington R.R. 6s, .
4,500
Lowell & Andover R.R. 6s,
9,000
Maine Central R R. 7s,
20,000
Maine Central R.R. 4^s, .
3,000
Nashua & Lowell R.R. 6s,
2,000
Nashua & Rochester R.R. 5s, .
5,500
New Bedford R.R. 7s,
2,000
Newport & Richford R.R. 5s, .
35,000
New York, Prov. & Boston R.R. 7s,
30,000
Old Colony R.R. 6 s,.
5,000 1
Old Colony R R. 7s, .
5,000 $
Portland & Ogdensburg R R 6s,
31,500
Salem & Lowell R R. 6s,
10,500
Vermont & Massachusetts R.R. 5s,
119,000
Worcester & Nashua R.R. 5s, .
500
$719,500
*
Estimated
Market Value.
|Amount Invested.
$25,188 00
23,690 00
2,020 00
$25,000 00
23,000 00
2,000 00
38,150 00
12,100 00
58,240 00
57,165 00
28,080 00
5,300 00
5,200 00
26,500 00
1,030 00
81,640 00
34,800 00
15,600 00
45,000 00
4,860 00
9,360 00
23,000 00
3,210 00
2,060 00
5,610 00
2,160 00
37,450 00
34,500 00
35,000 00
11,000 00
56,000 00
55,500 00
26,000 00
5,000 00
5,000 00
25,000 00
1,000 00
78,500 00
29,000 00
15,000 00
45,000 00
4,500 00
9,000 00
20,000 00
3,000 00
2.000 00
5,500 00
2,000 00
35,000 00*
30,000 00
5 5,000 00
} 5,000 00
31,500 00
10,500 00
119,000 00
500 00
10,850 00
35,595
11,550
126,140
500
00
00
00
00
$766,548 00
$719,500 00
A legal investment when made.
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$43,421 90
12,000 00
365,400 00
Rate.
2 per cent.
4
“
5
“
Amount.
Rate.
Amount.
Rate.
$115,000 00
138,000 00
5^ per cent.
5¿
“
$70,000 00
579,149 00
5| per cent.
6
Amount invested in real estate for banking purp oses,........................................$13,792 20
Estimated value of the same...........................................................................................
13,792 20
Assessed value o f the s a m e ,.........................................................................................
5,400 00
Net income received from same during year ending Oct. 31, 1891,
.
.
233 44
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Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
147
Number of loans which are of an amount not exceeding $3,000 each ,. 425
Aggregate amount of the s a m e , .............................................................................. $419,399 00
Total number of loans upon real e s t a t e , ................................................. 4 4 3
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1891.............................................................................................
130,174 54
Times for the dividends fixed by the b y-law s: second Saturday in May
and November.
Hate and amount of each semi-annual dividend during the 1 2 per
year ending Oct. 31, 1 8 9 1 , ..........................................................) 2 per
Number of accounts opened during the year ending Oct. 31, 1891,
Number of accounts closed during the year ending Oct. 31, 1891,
Total number of open accounts Oct. 31, 1891.......................................
cent., r
cent., 1
. 646
. 496
5,966
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive o f taxes),
.
................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number of s a m e , ....................................................................................... 3,600
41,600 12
42,278 75
5,953 05
323,685 83
Amount of withdrawals, including dividends, during the year ending Oct.
31> 1891>
........................................................................................................................
Number of s a m e , .......................................................................................
2 870
Date of examination by commissioner: March 3.
Com m onw ealth
N orfolk,
op
314,43346
M assach u setts.
ss .
N ov . 4( 189L
Personally appeared Alfred Hewins, Treasurer of the Dedham Institution for Savings,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
N orfolk,
E
r a st u s
W o r t h in g t o n , Justice o f the Peace.
N ov . 4, 1891.
ss .
Personally appeared Augustus B. Endicott, President, and Calvin Guild, Elijah
Howe, Jr., John H . Burdakin, Howard Colburn and Don Gleason Hill, trustees o f said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
E r a st u s W
o r t h in g t o n ,
Justice o f the Peace.
[Pub. D oc.
R E P O R T O F TH E
148
EAST BOSTON SAVINGS BANK — EAST BOSTON.
Incorporated April 26, 1848. Present number o f corporators, 23.
G e o r g e T . S a m p s o n , President.
W i l l i a m B . P ig e o n , Treasurer.
W i l l i a m B . P ig e o n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
J o h n T h o m p so n ,
G e o . L. T h o r n d ik e ,
W . B . P ig e o n ,
N . M . Jew ett,
R ufu s C u s h m a n ,
R o b e r t C r o s b ie ,
E . M . M cP h e r s o n .
Open for business every business day, 9
a .m .
to 2
p .m .
B a la n c e Sh e e t , October
p .m
.
31, 1891.
L ia b il it ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur
poses) ,
.......................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand....................................
; and Saturday, 7 to 9
$126,000 00
266,480 00
132,500 00
15,496
6,438
1,258,957
561,600
44,459
2,682
6,645
95
32
00
00
34
57
63
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$2,421,259 81
$2,254,773 40
94,275 80
26,286 14
45,924 47
$2,421,259 81
Cash on Deposit in Banks, amount in each: —
First W ard National Bank, East B o s t o n , ...........................................................$42,106 71
First National Bank, B o s t o n , ..............................................................................
2,352 63
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
District
City of
Boston, Mass., 5s,
Cleveland, Ohio, 5s,
Cleveland, Ohio, 6s,
of Columbia 7s, .
Detroit, Mich , 6s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
$28,000
16,000
9,000
1,000
8,000
Estimated
Market Value.
$31,640
16,800
9,450
1,270
10,400
00
00
00
00
00
Amount Invested.
$28,000
16,000
9,000
1,000
8,000
00
00
00
00
00
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
149
Detailed Statement o f Public Funds— Concluded.
Par Value.
City of
of
of
of
of
of
of
Fort Wayne, Ind., 6s, .
Gloucester, Mass., 4s, .
Grand Rapids, Mich , 5s,
Newton, Mass, 6s,
Springfield, Ohio, 4JS.,
Lynn, Mass., 4s, .
Providence, R I., 5s, .
.
$3,000
2,000
7.000
10,000
17.000
5.000
20.000
$126,000
Estimated
Market Value.
$3,330
2,020
7,420
12,150
17,500
5,075
21,520
00
00
00
00
00
00
00
$138,575 00
Amount Invested.
$3,000
2,000
7.000
10,000
17.000
5.000
20.000
00
00
00
00
00
00
00
$126,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
50
200
50
50
100
170
40
100
115
138
260
200
75
80
4
50
50
50
30
50
150
10
100
100
34
25
105
75
100
50
5
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Boston National Bank, Boston,
Blackstone N’l Bank, Boston,.
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
N’l B’k of Commerce, Boston,
Commercial N’l Bank, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston, .
First Ward N’l Bank, Boston,
Freeman's Nat’l Bank, Boston,
Globe National Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Mechanics’ N’l Bank, Boston,
Merchants’ N’l Bank, Boston, .
Market National Bank, Boston,
Mt. Yernon N’l Bank, Boston,
Mass National Bank, Boston,.
Manufacturers’ N’l B’k, Boston,
N’l B’k of No. America, Boston,
North National Bank, Boston,
National Revere Bank, Boston,
N’l B’k of the Republic, Boston,
N’l B’k of Redemption, Boston,
Second National Bank, Boston,
Suffolk National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
5,000
20,000
5,000
5,000
10,000
17,000
4,000
10,000
11,500
13,800
26,000
20,000
7,500
8,000
400
5,000
5,000
5,000
3.000
5,000
15,000
1,000
10,000
10,000
3,400
2,500
10,500
7,500
10,000
5,000
500
$266,600
Estimated
Market Value.
$7,056 00
6,075 00
22,400 00
5,000 00
6,456 00
13,050 00
21,844 00
3,840 00
10,300 00
14,030 00
17,940 00
26,032 00
20,050 00
9,300 00
8,840 00
520 00
7,475 00
5,000 00
6,900 00
3,247 00
5,237 00
18,525 00
1,392 00
10,625 00
16,000 00
4,318 00
4,631 00
11,156 00
6,975 00
12,175 00
5,106 00
500 00
Amount Invested.
$5,000 00
5,000 00
20,000 00
5,000 00
5,000 00
10,000 00
17,000 00
3,880 00
10,000 00
11,500 00
13,800 00
26,100 00
20,000 00
7,500 00
8,000 00
400 00
5,000 00
5,000 00
5,000 00
3,000 00
5,000 00
15,000 00
1,000 00
10,000 00
10,000 00
3,400 00
2,500 00
10,500 00
7,500 00
10,000 00
5,000 00
500 00
$311,995 00 $266,480 00
[Pub. D oc.
R E P O R T O F TH E
150
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 7s, .
Boston & Albany R.R. 6s,
Boston & Albany R.R. 7s,
Boston, Clinton & Fitchburg R.R. 5s,
Dexter & Piscataquis R R. 4 s ,.
Fitchburg R R. 7s..............................
Maine Central R.R. 6s, .
Maine Central R R . 7s,
Old Colony R.R. 7 s,.
Old Colony R R. 6 s,.
Portland & Ogdensburg R.R. 6s,
Maine Central R.R. 4|s, .
$21,500
5,000
11,000
5,000
10,000
3,000
6,000
20,000
5,000
21,000
13,000
12,000
$132,500
Estimated
Market Value.
$21,920
5,250
11,055
5,500
10,000
3,125
6,720
22,800
5,250
22,590
14,560
12,720
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$21,500
5,000
11.000
5,000
10,000
3,000
6,000
20,000
5,000
21,000
13,000
12,000
00
00
00
00
00
00
00
00
00
00
00
00
$141,490 00 $132,500 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$44,459 34
25,000 00
938,950 00
Rate.
2J per cent.
4|
“
5
Amount.
$89,500 00
427,695 00
48,000 00
Rate.
Amount.
5| per cent.
54
;;
$290,212 00
1,200 00
Rate.
6 per cent.
7
Amount invested in real estate for banking p u rp ose s,.......................................
Estimated value of the s a m e , ...............................................................................
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Value, by books, of other real estate held or owned b y foreclosure or
$15,496 95
23.000 00
23.000 00
449 47
o t h e r w i s e ,......................................................................................................................
Assessed value of the s a m e ,........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 523
6,438 32
7,300 00
435 70
Aggregate amount of the same,
...............................................................................
Total number of loans upon real e s t a t e , ................................................. 602
Gross amount of interest or profits received or earned, as per books,
744,007 00
during year ending Oct. 3 1 , 1 8 9 1 , .....................................................................
Times for the dividends fixed by the by-laws : third Wednesday in January
118,883 05
and July.
Rate and amount of each semi-annual dividend during the j 2 per cent., j
year ending Oct. 31, 1891, .
.
.
•
•
•
• ' 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
1,734
Number of accounts closed during the year ending Oct. 31, 1891,
1,256
Total number of open accounts Oct. 31, 1891,
.
.
.
.
8,718
38,952 80
40,115 02
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive of t a x e s ) , ............................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7,558 60
No. 8 .]
SA V IN G S B A N K COM M ISSION ERS.
Am ount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ........................................................................................ 14,127
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 1 , .....................................................................................................................
Number of s a m e , ........................................................................................9,656
Date of examination by commissioner: March 31.
Com
Suffolk,
m onw ealth
of
M
151
$673,324 00
628,732 10
assach u setts.
N ov . 18, 1891.
ss.
Personally appeared William B . Pigeon, Treasurer of the East Boston Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Suffolk,
A
ndrew
P. F
is h e r
,
Notary Public.
N ov . 18, 1891.
ss.
Personally appeared George T . Sampson, President, and John Thompson, Robert
Crosbie, Geo. L. Thorndike, W m . Waters, Jr., and James L . W alsh, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
A
ndrew
P. P
is h e r
,
Notary Public.
152
R E P O R T O F TH E
[Pub. D oc.
EAST BRIDGEW ATER SAVINGS BANK — EAST
BRIDGEW ATER.
Incorporated March 8, 1870.
Sam
uel
K
e it h
,
Present number o f corporators, 42.
President.
I saac
I saac
N. N
utter
,
N. N
utter
,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment o f its funds :
Sa m
uel
K
M. K
G
eo.
A
aron
H
e it h
e it h
F. S. S t r o n g ,
R . C. K e i t h ,
,
,
obart,
Joh nH
Joshua D
ean
obart,
.
Open for business every business day, except Wednesday, 9 a . m . to 12
Wednesday and Saturday, 6.30 to 8 p . m .
m
.
; 2 to 4
p .m
.;
B alance Sheet , October 31,1891.
A ssets .
Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate for banking pur
poses,
.......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Deposit in bank, on interest,
Expense account,
Bank building account,
Cash on hand,
.
.
.
.
L ia b ilit ie s .
$1,900 00
77,706 25
44.000 00
12.000
3,270
310,187
190,650
00
31
95
00
3,000
6,093
602
223
1,400
00
59
14
25
80
Deposits, .
Guaranty fund,
Interest account,
Suspense account,
$651,034 29
.
$616,940
18,995
14,998
100
48
70
11
00
$651,034 29
Cash on Deposit in Bank : —
Tremont National Bank, B o s t o n ,.............................................................................. $6,093 59
Detailed Statement o f Public Funds.
E stim ated
P a r V alue.
Town of Woburn, Mass., 6s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000
M ark et V alue.
$2,030 00
A m ou n t In vested .
$1,900 00
No. 8 .]
153
SA V IN G S B A N K CO M M ISSION ERS.
N o. o f
Shares.
Detailed Statement o f Bank Stocks.
25
10
25
50
25
35
10
23
20
40
20
50
20
22
120
25
50
40
12
50
40
20
12
E stim ated
P ar V alue.
National City Bank, Boston, .
National Bank of the Common
wealth, Boston, .
National Eagle Bank, Boston,
Fourth National Bank, Boston,
Freeman’s Nat'l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide & LeatherB’k,Boston,
Market National Bank, Boston,
Manufacturers’ N’l B’k, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Brockton N’l Bank, Brockton,
Home Nat’l Bank, Brockton, .
First N’l Bank, West Newton,
State Street Safe Deposit and
Trust Company, Boston,
M a rk et V alue.
A m ou n t In v ested .
$2,500
$2,400 00
$2,500 00
1,000
2,500
5,000
2,500
3,500
1,000
2,300
2,000
4,000
2,000
5,000
2,000
2,200
12,000
2,500
5,000
4,000
1,200
5,000
4,000
2,000
1,850
2,575
6,200
2,500
3,500
1,200
2,852
2,000
4,060
2,470
6,350
2,520
2,673
12,720
2,500
5,100
4,000
1,368
6,250
6,000
2,000
1,225
2,500
5,000
2,500
3,500
1,250
2,300
2,000
4,000
2,000
6,500
2,000
2,471
12,000
2,500
5,480
4,000
1,200
5,000
4,580
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
25
00
00
00
00
00
00
00
00
1,200
1,200 00
1,200 00
$74,400
$84,288 00
$77,706 25
Detailed Statement o f Railroad Bonds.
P a r V alue.
Old Colony R R. 6 s,.
Eastern R.R. 6s,
. . .
Boston, Revere Beach & Lynn R R. 6s,
Newport & Richford R.R. 5s, .
Vermont & Massachusetts R R , 5s, .
Nashua & Rochester R.R. 5s, .
Fitchburg R.R 5s,
Boston & Lowell R R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
E stim ated
$6,450
6,200
4,360
5,200
5,400
3,060
11,680
5,000
$6,000
5.000
4.000
5.000
5.000
3.000
11,000
5.000
$44,000
A m ou n t In v ested .
M a rk et V alue.
00
00
00
00
00
00
00
00
$47,350 00
A legal investment when made.
$6,000
5.000
4.000
5.000
5.000
3.000
11,000
5.000
00
00
00
00*
00
00
00
00
$44,000 00
[Pub. D oc.
R E P O R T O F TH E
154
Total Amount o f Loans with Each Specified Rate o f Interest.
R ate.
A m ou n t.
R a te.
A m ou n t.
2£ per cent.
5
$139,200 00
5^ per cent.
$356,337 95
A m o u n t.
$6,093 59
8,300 00
R a te.
6 per cent.
Amount invested in real estate for banking p u rp ose s,....................................... $12,000 00
Estimated value of the s a m e ,.......................................................................................
12,000 00
.
.
8,400 00
Assessed value of the s a m e , .......................................................... .........
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,................................................................................................
3,270
31
Assessed value of the s a m e , ...................................................................
4,800
00
Number of loans which are of an amount not exceeding $3,000 each, 303
Aggregate amount of the s a m e , ..............................................................................
282,687 95
Total number o f loans upon real e s t a t e , ................................................. 291
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
34,215 45
Times for the dividends fixed by the b y-la w s: first Monday in January
and July.
Rate and amount o f each semi-annual dividend during the 1 2 per cent., f
11,469 62
year ending Oct. 31, 1 8 9 1 ,........................................................... I 2J per cent., l
14,528 77
Number of accounts opened during the year ending Oct. 31, 1891,
. 226
Number of accounts closed during the year ending Oct. 31, 1891,
. 157
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,844
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) , ....................................... ..... ....................................................
1,823 90
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.......................................................................................................
86,045 84
Number o f s a m e , ........................................................................................ 1,287
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ...........................................................................................................
91,418 85
Number of s a m e , ........................................................................................ 1,056
Date of examination by commissioner: June 25.
Com
P
lym outh
,
m onw ealth
of
M
assach u setts.
ss.
N
ov.
14, 1891.
Personally appeared Isaac N . Nutter, Treasurer of the East Bridgewater Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
P
lym ou th
,
ss.
E . S. W
h it m a k s h
,
Justice o f the Peace.
N
ov.
14, 1891.
Personally appeared Samuel Keith, President, and Joshua Dean, F . S. Strong, John
Hobart, Geo. M . Keith and Aaron Hobart, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
E . S. W h i t m a r s h , Justice o f the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
155
SA Y IN G S B A N K COM M ISSION ERS.
EAST CAMBRIDGE FIVE CENTS SAVINGS B A N K EAST CAMBRIDGE.
Incorporated April 29, 1854.
G
eorge
Stevens,
Present number of corporators, 33.
President.
W
W
E. L
il l ia m
loyd
,
il l ia m
E . L l o y d , Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
J oseph
A
H. T
ndrew
yler
J. G
,
reen
G
,
Ja m
eorge
John
es
Steven s,
C. B
ullard
,
M. P r ic e .
Open for business every business day, 9 a .m. to 1 p.m .
B alance
Sh e e t , O c to b e r
31, 1891.
A ssets .
L ia b ilit ies .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
.
Loans on depositors’ books,
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Expense account,
Stock of East Cambridge Land
Company,*
.
.
.
.
Cash on hand,
.
.
.
.
$137,916 67
2,800 00
43,500 00
3.000 00
1,158.528 97
480,743 51
8.000
500
5,151
2,000
371
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count,
48,949 18
00
00
49
00
40
1 00
1,766 52
$1,844,279 56
*
$1,712,163 47
82,423 22
743 69
$1,844,279 56
Taken to secure indebtedness.
Cash on Deposit in Bank : —
Lechmere National Bank, East Cambridge...............................................................$7,151 49
Loan on Bank Stock : —
On 30 shares Lechmere National Bank Stock,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,800 00
[Pub. D oc
R E P O R T ' O F TH E
156
N o. o f
Shares.
Detailed Statement o f Bank Stocks.
7
54
63
41
67
40
30
12
16
20
50
21
115
60
5
50
40
20
19
5
10
• 58
38
183
76
5
67
26
24
51
13
11
25
35
30
33
P a r V alue.
Atlas National Bank, Boston, .
Blackstone Na’l Bank, Boston,
Boston Nat’l Bank, Boston,
Bunker Hill N’l Bank, Boston,
N'l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Nat’l Exchange Bank, Boston,
Faneuil Hall N’l B’k, Boston, .
First Ward N’l Bank, Boston,
Globe National Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
Metropolitan N’l Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
N’l B’k of No America, Boston,
N ’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Revere Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
City Nat’l Bank, Cambridge, .
Charles River National Bank.
Cambridge, .
.
.
.
Lechmere N’l B’k, Cambridge,
Newton Nat’l Bank, Newton, .
Fall River N’l B’k, Fall River,
First National Bank, Malden,.
First Nat’l Bank,Marlborough,
Merchants’ Nat’l Bank, Newburyport,
.
.
.
.
Concord Nat’l Bank, Concord,
E stim ated
A m ou n t In v ested.
M a rk et V alue.
$700
5,400
6,300
4,100
6,700
$850
5,413
7,087
8,405
8,584
50
50
50
00
37
$700
5,400
6,300
4,100
6,700
00
00
00
00
00
4,000
3,000
1,200
1,600
2,000
5,000
2,100
11,500
6,000
500
5,000
4.000
2,000
1,900
500
1,000
5,800
3,800
18,300
7,600
500
6,700
2,600
7,410
3,877
1,464
2,188
2,842
6,550
2,152
14,260
6,630
541
7,500
3,615
3,280
2,645
623
1,270
9,338
4,037
19,581
7,771
701
6,700
4,160
00
50
00
00
50
00
50
00
00
25
00
00
00
75
75
00
00
50
00
00
25
00
00
4,000
3,000
1,200
1,600
2,000
4,000
2,100
11,500
6,000
500
5,000
4,000
2,000
1,900
500
1,000
5,800
3,800
18,300
7,600
500
6,700
2,600
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
dO
00
00
00
00
2,400
5,100
1,300
1,100
2,500
3,500
3,480
8,670
1,300
1,210
3,850
3,350
00
00
00
00
00
00
2,400
5,066
1,300
1,100
2,500
2,850
00
67
00
00
00
00
600
3,300
750 00
4,620 00
600 00
3,300 00
$139,600
$176,709 87
$137,916 67
Detailed Statement o f Railroad Bonds.
P ar V alue.
Eastern R R. 6s,
Boston & Albany R.R. 7s,
Fitchburg R.R. 4|s, .
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
E stim ated
M ark et V alue.
A m ou n t I n v e ste d .
$8,500
15,000
20,000
$10,285 00
15,150 00
20,000 00
$8,500 00
15,000 00
20,000 00
$43,500
$45,435 00
$43,500 00
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
157
Total Amount o f Loans with Each Specified Bate o f Interest.
A m ou n t.
$2,842
5,151
8,000
14,500
51
49
00
00
K ate.
A m ou n t.
B a te.
A m ou n t.
B a te.
0 per cent.
2
H
“
4
“
$79,000 00
25,000 00
1,106,825 00
5) per cent.
5|
“
“
$363,729 97
50,000 00
675 00
6 per cent.
6à
“
7
Amount invested in real estate for banking p u r p o se s,............................................... $3,000 00
Estimated value o f the same.........................................................................................
10,000 00
Assessed value of the s a m e , .......................................................................................
7,000 00
Net income received from same during year ending Oct. 31, 1891,
.
.
215 00
Number of loans which are of an amount not exceeding $3,000 each, 503
Aggregate amount of the same.....................................................................................
649,736 97
Total number o f loans upon real e s t a t e , ................................................ 586
Amount of investments from which no income is received, .
. . .
.
2,842 51
Gross amount of interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 1 , .............................................................................
91,998 95
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
30,211 45
year ending Oct. 31, 1 8 9 1 , ..........................................................1 2J per cent., I
38,466 97
Number of accounts opened during the year ending Oct. 31, 1891,
1,516
Number o f accounts closed during the year ending Oct. 31,^1891,
1,248
Total number of open accounts Oct. 31, 1891,
.
.
.
.
6,909
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive of taxes)................................................................................................................... 3,131 58
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
489,532 78
Number of s a m e , ...................................................................................... 11,232
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ...................................................................................................................
454,511 07
Number of s a m e , ...................................................................................... 7,275
Date of examination by commissioner: Feb. 19.
Co m m o n w ea lth
M id d l e s e x ,
op
M assa ch u setts.
ss .
N o v . 14, 1891.
Personally appeared William E . Lloyd, Treasurer of the East Cambridge Five Cents
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a true
and correct statement o f all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
ss .
W
il l ia m
V . T h o m p s o n , Justice o f the Peace.
N ov . 14, 1891.
Personally appeared George Stevens, President, and Lewis Hall, J. M. Price, John C.
Bullard, H. N . Hovey and Joseph H. Tyler, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
W i l l i a m V . T h o m p s o n , Justice o f the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc,
R E P O R T O F TH E
158
EASTHAMPTON SAVINGS BANK — EASTHAMPTON.
'Incorporated Feb. 10, 1869.
John M
a yh ee
,
Present number of corporators, 29.
President.
0 . G. W
Sam
ebstee
,
uel
T . S e e l y e , Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
John M
a yh ee
F . C. G e e e n e ,
,
G
eo.
L. M
anchestee
.
Open for business every business day, 9
B alance
Sh e e t , O ctober
.
to 3
p .m
.
31, 1891.
L ia b il it ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
:
Loans on bank stock, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
a .m
$6,000
191,230
1,700
17,385
258,340
131,456
00
95
00
74
00
33
15.000
100
32.548
10.000
596
00
00
71
00
51
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count,
$664,358 24
$628,323 15
32,500 00
2,526 74
1,008 35
$664,358 24
Cash on Deposit in Banks, amount in each : —
First National Bank, A d a m s ,....................................................................
Hampshire County National Bank, Northampton,
First National Bank, E a s t h a m p t o n , .................................................
$ 10,000 00
20,000 00
12,548 71
Loans on Bank Stock, amount on each: —
On 3 shares First National Bank, Easthampton, .
On 14 shares Hampshire County National Bank, Northampton, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$300 00
1,400 00
No. 8 .]
159
SA Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Public Funds.
Estim ated
P a r V alue.
City of Grand Rapids, Mich , 8s,
A m ou n t In v ested .
M a rk et V alue.
$6,480 00
$ 6 ,0 0 0
$ 6 ,0 0 0
00
N o. o f
Shares.
Detailed Statement o f Bank Stocks.
100
100
22
7
20
50
25
171
100
44
102
100
50
100
42
111
100
100
29
55
30
50
50
E stim ated
P a r V alue.
First National Bank, Adams, .
Berkshire N’l B’k, No. Adams,
Blackstone Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
North National Bank, Boston,
Second Nat’l Bank, Boston,
State National Bank, Boston,
First N’l Bank, Easthampton,
Holvoke Nat’l Bank, Holyoke,
First National Bank, Lynn,
First N’l Bank, Northampton,
Northampton National Bank,
Northampton,
Hampshire County Nat’l Bank,
Northampton,
Pittsfield N’l Bank, Pittsfield,
Chicopee N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
First Nat’l Bank, Springfield,.
Agawam N’l B’k, Springfield,
John Hancock National Bank,
Springfield, .
.
.
.
Second N’l Bank, Springfield,
Housatonic Nat’l Bank, Stockbridge, ..................................
First National Bank, Westfield,
First N’l Bank, West'Newton,
A m ou n t In v ested .
M a rk et V a lu e.
$15,000
10,000
2,500
840
2,600
8,000
3,181
23,940
16,000
5,720
13,000
$10,000
10,000
2,200
700
2,000
5,000
2,500
17,100
10,000
4,400
10,200
00
00
00
00
00
00
00
00
00
00
00
$14,100
10,000
2,200
700
2,000
6,657
3,181
17,100
10,000
4,400
10,200
00
00
00
00
00
50
25
00
00
00
00
10,000
17,500 00
11,314 00
5,000
10,000
4,200
11,100
10,000
10,000
6,250
16,494
7,400
17,108
14,951
10,000
5,800
16,494
6,600
17,108
14,951
10,000
00
00
00
00
00
00
00
20
00
00
00
00
2,900
5,500
3,625 00
8,800 00
3,625 00
8,800 00
3,000
5,000
5,000
4,800 00
7,000 00
5,200 00
4,000 00
7,000 00
5,000 00
$155,800
$219,909 00
$191,230 95
Total Amount o f Loans with Each Specified Bate of Interest.
R ate.
A m ou n t.
$32,548 71
15,000 00
166,518 00
4 per cent.
4*
“
5
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R ate.
A m ou n t.
R ate.
5| per cent.
5è
«
$115,643 33
1,120 00
6 per cent.
6*
“
A m ou n t.
$4,000 00
102,515 00
1,800 00
5f
“
160
R E P O R T O F TH E
[Pub. D oc.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .......................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 229
Aggregate amount of the s a m e , ..............................................................................
Total number o f loans upon real e s t a t e , ................................................ 215
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the by-law s: January 23 and July 23.
Rate and amount of each semi-annual dividend during the )
per cent., r
year ending Oct. 31, 1891....................................................... 1 2 ^ per cent., (
Number o f accounts opened during the year ending Oct. 31, 1891,
. 356
Number o f accounts closed during the year ending Oct. 31, 1891,
. 334
Total number of open accounts Oct. 31, 1891........................................
1,847
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , ........................................................................................1,880
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ....................................................................................................................
Number of s a m e , ..........................................................
Date of examination by commissioner: June 29.
Commonwealth
H ampshire,
ss.
of
$17,385 74
14,200 00
710 50
204,810 52
40,433 61
12,293 53
13,330 51
2,457 71
154,202 78
127,665 68
1,398
Massachusetts.
Nov. 6, 1891.
Personally appeared Samuel T . Seelye, Treasurer o f the Easthampton Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to_which they relate, according to his best knowledge and belief.
Before me,
H ampshire,
ss.
Chas. H . Johnson, Notary Public.
N ov. 6, 1891.
Personally appeared John May her, President, and J. W . W ilson, E . T . Sawyer, F . C.
Greene, B . P. Owen and E . W . W ood, trustees of said corporation, and severally made
oath that the annexed report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
Chas. H . Johnson, Notary Public.
No. 8 .]
161
SA Y IN G S B A N K COM M ISSION ERS
EAST WEYMOUTH SAVINGS B A N K -E A S T W EYMOUTH.
Incorporated Feb. 20, 1872.
Present number of corporators, 42.
Z echariah L . B icknell, President.
John A . Raymond, Treasurer.
John A . R aymond, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
John P. Burrell,
Z. L . Bicknell,
H . F. Bicknell,
N . D . Canterbury,
Chas. H . Pratt,
E . G. Bates,
Joseph A . Cushing.
John W. Bates,
Open for business every business day, 2 to 5
Balance
p .m .
Sh e e t , O c to b e r
; Saturday, 2 to 6
f .m
.
31, 1891.
A ssets .
L ia b ilit ie s .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand,
.
.
.
.
$72,000
26,100
59,000
331,424
3,225
6,896
153
819
00
00
00
35
00
03
96
56
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$499,618 90
$473,362 96
19,723 00
6,532 94
$499,618 90
Cash on Deposit in Bank : —
Manufacturers’ National Bank, B o s t o n , ...........................................................$6,896 03
Detailed Statement of Public Funds.
Par Value.
City of Boston, Mass , 4s,
of Brockton, M ass, 4s, .
of Charlestown, Mass , 6s,
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, 4s,
of Detroit, Mich ,7s,
of Detroit, Mich , 6s,
District of Columbia 7s, .
City of Fall River, Mass., 6s, .
of Grand Rapids, Mich,, 8s,
of Lynn, Mass , 5s, .
of Newton, Mass., 6s,
of Portland, Me., 6s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
$10,000
10,000
2,000
3,000
3,000
2,000
1,000
4,000
2,000
4,000
1,000
2,000
3,000
Estimated
Market Value.
$10,050
10,100
2,060
3,270
2,850
2,520
1,190
4,920
2,420
4,640
1,120
2,430
3,600
A legal investment when made.
Amount Invested.
00
$10,000 00
00
10,000 00
00
2,000 00
00
3,000 00
00
3,000 00
00
2,000 00
00
1,000 00
4,000 00
00
00
2,000 00
00
4,000 00
00
1,000 00
00
2,000 00
00 . 3,000 00*
162
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Public Funds — Concluded.
Par Value.
City of Providence, R. 1 , 5s, .
Town of South Abington, Mass ,4s,
City of Springfield, Mass., 6s,.
of Springfield, Mass., 7s,
Town of Turner’s Falls, Mass , 4s,.
of Weymouth, Mass., 4s,
$2,000
5.000
1.000
1,000
5,000
11,000
$72,000
Estimated v
Amount Invested.
Market Value.
$2,260
5,050
1,210
1,295
5,000
11,110
00
00
00
00
00
00
$77,095 00
$2,000
5.000
1.000
1,000
5,000
11,000
00
00
00
00
00
00
$72,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
35
138
20
5
25
4
5
11
8
Par Value.
Central Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Union Nat’l Bank, Weymouth,
Dedham Nat’l Bank, Dedham,
First Ward N’l Bank, Boston,.
Massachusetts Loan and Trust
Company, Boston,
Nat’l Revere Bank, Boston,
Salem National Bank, Salem,.
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Estimated
Market Value.
Amount Invested,
$1,000
3,500
13,800
2,000
500
$1,420
3,753
15,594
2,100
650
00
75
00
00
00
$1,000
3,500
13,800
2,000
500
00
00
00
00
00
2,500
400
500
1,100
800
2,775
424
635
1,386
972
00
00
00
00
00
2,500
400
500
1,100
800
00
00
00
00
00
$26,100
$29,709 75
$26,100 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Clinton & Fitchburg R R. 5s,
Boston & Lowell R R. 5s,
Boston & Lowell R R 6s,
Boston & Maine R R. 7s, .
Fitchburg R.R. 4s, .
Lowell & Lawrence R R. 6s, .
Maine Central R R. 7s, .
N. Y., Providence & Boston R.R. 7s,
Old Colony R.R 6s,.
Old Colony R R 4is,
Portland & Ogdensburg R R, 6s,
Vermont & Massachusetts R R. 5 s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$14,000
3,000
3,000
3,000
5,000
1,000
7,000
1,000
7,000
5,000
8,000
2,000
$15,400
3,135
3,180
3,120
4,700
1,085
7,665
1,160
7,560
5,400
8,960
2,110
00
00
00
00
00
00
00
00
00
00
00
00
$59,000
$63,475 00
Amount Invested.
$14,000
3,000
3,000
3,000
5,000
1,000
7,000
1,000
7,000
5,000
8,000
2,000
00
00
00
00
00
00
00
00
00
00
00
00
$59,000 00
No. 8 .]
163
SA Y IN G S B A N K CO M M ISSION ERS.
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
3 per cent.
5
»
5i
“
$292,734 75
13,939 08
6 per cent.
6£
“
Amount.
$6,896 03
8,000 00
4,800 00
Rate.
Amount.
$13,750 52
1,425 00
Number of loans which are of an amount not exceeding $3,000 each,
7 per cent.
8
285
Aggregate amount of the s a m e , ..............................................................................$276,849 35
Total number of loans upon real e s t a t e , .................................................290
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the b y-law s: April 1 and October 1.
Rate and amount of each semi-annual dividend during the 1 2|per cent., r
year ending Oct. 31, 1891................................................................1 2^per cent., 1
Number of accounts opened during the year ending Oct. 31,1891,
Number of accounts closed during the year ending Oct. 31, 1891,
27,030 65
9,154 33
9,831 58
. 287
. 196
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,621
Total expenses o f the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) ,.................................................................................................
1,467 86
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
109,466 03
Number of s a m e , ................................................................................................ 1,568
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ........................................................................................................................
77,84508.
Number of s a m e , .................................................................................................1,076
Date of examination bv commissioner: June 11.
Comm onw ealth
N o r f o l k , ss.
of
M assach u setts.
N ov . 12, 189L.
Personally appeared John A . Raymond, Treasurer of the East Weymouth SavingsBank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement o f all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
N o r f o l k , ss.
John W . Bates, Justice o f the Peace.
N o v . 12, 1891.
Personally appeared Zechariah L. Bicknell, President, and N . D. Canterbury, E . G .
Bates, C. H . Pratt, H . F. Bicknell, Joseph A . Cushing and F. D . Thayer, trustees of
said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
John W . Bates, Justice o f the Peace.
[Pub. Doc.
R E P O R T O F TH E
164
ELIOT FIVE CENTS SAVINGS BANK — BOSTON.
Incorporated Feb. 4, 1864.
Present number o f corporators, 55.
John Cake, President.
Frank E. Granger, Treasurer.
John F. N ewton, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
'
John Carr,
Ivory H armon,
Samuel B. H opkins,
W illiam S. Leland,
Gorham R ogers,
Greenleae C. George.
Open for business every business day, 9 a .m . to 4 p.m .
Balance
Sh e e t , O cto b er
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Railroad notes, .
.
.
.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or tow'ns
(notes), .......................................
Deposit in bank, on interest,
Expense account,
Short and surplus account,
Cash on hand,
.
.
.
.
31, 1891.
$278,100
22,000
57,200
10,000
253,500
73.000
25.000
1,244,719
797,000
00
00
00
00
00
00
00
45
00
30.000
53,870
871
163
7,559
00
71
37
79
34
$2,852,984 66
$2,757,463 93
Deposits, .
68,182 45
Guaranty fund,
1,131 10
Interest account,
Profit and loss ac
20,907 27
count, .
4,000 00
T ax account, .
1,299 91
Suspense account, .
$2,852,984 66
Cash on Deposit in B a n k : —
People’s National Bank, B o s t o n , ............................................................................. $53,870 71
Loans on Public Funds, amount on each : —
On
On
On
On
$2,000 City of Holyoke, Mass., 4s, .
$3,000 City of Newton, Mass., 4s, .
$3,000 Town of Hyde Park, 111., 7s,
$15,000 City of Danbury, Conn., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 2,000
3.000
3.000
14.000
00
CO
00
00
No. 8 .]
SA Y IN G S B A N K C O M M IS S IO N E D .
1
165
1
Loans on Bank Stock, amount on each : —
On 100 shares Broadway National Bank, B o s t o n , .......................................$8,000 00
On 10 shares National Exchange Bank, Boston, .
.
.
.
.
.
.
1,000 00
On 10 shares People’s National Bank, B o s t o n , .................................................
1,000 00
1
1
1
1
Loans on Railroad Bonds, amount on each: —
On
On
On
On
$33,000 Concord & Montreal R .R . 4s..................................................................$31,000 00
$40,000 Old Colony R .R . 4 s , .............................................................................
38,000 00
$1,500 Nashua &Rochester R .R . S s , ..........................................................
1,500 00
$2,500 Maine Central R .R . 4 ^ s , ....................................................................
2,500 00
1
1
1
1
1
1
Detailed Statement o f Public Funds.
Estimated
Market Value.
1
I
1
I
1
■
1
City of Bangor, Me., 6s, .
of Boston, Mass., 6s,
of Boston, Mass , 5s,
of Boston, Mass , 4s,
Town of Brookline, Mass., 7s,
City of Chelsea, Mass., 6s,
of Dover, N. II , 6s,
of Fall River, Mass., 6s, .
of Lawrence, Mass , 6s, .
of Lynn, Mass , 5s, .
of Manchester, N H., 6s, .
Town of Marlborough, Mass., 4s,
City of Portsmouth, N. I I , 6s,
of Providence, R. L, 5s, .
of Providence, R I., 4^s,
of Springfield, Mass., 6s,
of Taunton, Mass., 6s,
of Taunton, Mass., 5s,
of Woburn, Mass., 6s,
District of Columbia 5s, .
State of New Hampshire 6s, .
*
.
$4,000
' 35,000
25,000
42,600
4,000
15,000
5,900
10,000
15,000
10,000
10,000
9,000
10,000
20,000
5,000
20,000
10,000
10,000
8,000
7,000
2,600
$4,946
37,812
28,560
43,251
4,692
15,940
6,022
12,433
15,848
11,140
10,689
9,334
10,219
21,694
5,243
24,734
10,924
10,406
8,376
7,567
3,235
$278,100
$303,071 51
80
50
00
78
80
00
13
00
50
00
00
80
00
00
00
00
00
00
80
70
70
$4,000
35,000
25,000
42,600
4,000
15,000
5,900
10,000
15,000
10,000
10,000
9,000
10,000
20,000
5,000
20,000
10,000
10,000
8,000
7,000
2,600
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
$278,100 00
A legal investment when made.
Detailed Statement o f Bank Stocks.
VO
1
1■
■
■
■
■
I
<v
70
20
■
10
■
30
Estimated
Market Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Columbian N’l Bank, Boston,.
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Howard Nat’i Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,000
7,000
2,000
5,000
1,000
1,300
3,000
3,000
6,100
$1,417
8,505
2,145
6,525
1,030
1,436
3,000
4,485
8,418
50
00
00
00
00
50
00
00
00
$1,000
7,000
2,000
5,000
1,000
1,300
3,000
3,000
6,100
00
00
00
00
00
00
00
00
00
I
1
1
I
1
1
I
1
1
1
1
I
1
1
1
1
1
1
1
I
1
1
166
[Pub. Doc
K E PO R T O F TH E
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
10
20
10
10
171
43
14
Par Value.
N’l B’k of No. America, Boston,
N’l B’k o f Redemption, Boston,
National Eagle Bank, Boston,
Naumkeag N’l Bank, Salem, .
People’s Nat’l Bank, Boston, .
Shawnmt Nat’l Bank, Boston,
State National Bank, Boston, .
$1,000
2,000
1,000
1,000
17,100
4,300
1,400
$57,200
Estimated
Market Value.
$1,235
2,540
1,030
1,052
27,702
5,418
1,704
Amount Invested.
00
00
00
00
00
00
50
$77,643 50
$1,000
2,000
1,000
1,000
17,100
4,300
1,400
00
00
00
00
00
00
00
$57,200 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany 7s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
.
.
.
Boston & Lowell R R. 7s,
Boston & Lowell R.R. 6s,
Boston & Maine R R 7s. .
Boston & Providence R R. 7s, .
Conn. & Passumpsic Rivers R.R. 7s,
Fitchburg R R. 5s, .
Fitchburg R.R 4^s, .
.
.
.
Newport & Richford R.R. 5s, .
N. Y. & N. E. R. R. (terminal) 4s, .
Old Colony R.R. 6s,
. . .
Old Colony R R. 4s,
. . .
Portland & Ogdensburg R R. 6s,
Salem & Lowell R R 6s,
Vermont & Massachusetts R R . 5s,
Worcester, Nashua & Roch. R.R. 4s,
$10,000
Amount Invested.
$10,075 00
$10,000 00
12,430
9,112
3,247
23,690
1,041
20,600
5,267
25,280
23,036
25,645
6,388
10,300
18,975
22,400
39,960
10,000
11,000
9,000
3,000
23,000
1,000
20,000
5,000
25,000
22,000
25,000
6,000
10,000
16,500
20,000
37,000
10,000
$253,500
*
Estimated
Market Value.
00
50
50
00
40
00
60
00
20
00
20
00
00
00
00
00
11,000
9,000
3,000
23,000
1,000
20,000
5,000
25,000
22,000
25,000
6,000
10,000
16,500
20,000
37,000
10,000
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
$267,448 40 $253,500 00
A legal investment when made.
. Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$53,870
151,100
67,750
693.350
55,500
Kate.
71
00
00
00
00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2^ per cent.
4
4J
“
4*
“
4|
“
Amount.
$52,500
861,669
155 000
48,500
00
45
00
00
Kate.
4£ per cent.
5
54
“
5è
“
Amount.
$112,200
1.300
1.300
1,550
00
00
00
00
Rate.
6 per cent.
6à
“
7
8
N o. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
167
Number of loans which are of an amount not exceeding $3,000 each, 102
Aggregate amount o f the s a m e , .............................................................................
Total number of loans upon real e s t a t e , ................................................ 249
$172,319 45
Gross amount o f interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , .............................................................................
133,335 43
Times for the dividends fixed by the b y-law s: second Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the j 2 per cent., f
year ending Oct. 31, 1891................................................................ J 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
1,312
Number of accounts closed during the year ending Oct. 31,1891,
. 959
Total number of open accounts Oct. 31, 1891.......................................
9,481
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of ta x e s ),.................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number o f s a m e , .......................................................................................10,197
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891...............................................................................................................................
Number o f s a m e , .......................................................................................7,093
Date of examination by commissioner: March 3.
Commonwealth
Suffolk,
ss.
of
50,109 39
50,532 43
7,697 11
653,808 27
629,431 24
Massachusetts.
N ov. 12, 1891.
Personally appeared Prank E . Granger, Treasurer of the Eliot Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Suffolk,
ss.
Thomas H . Lord, Justice o f the Peace.
N ov. 12, 1891.
Personally appeared John Carr, President, and Ivory Harmon, Greenleaf C. George,
Gorham Rogers, Samuel B. Hopkins and W m . S. Leland, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Thomas H . Lord, Justice o f the Peace.
[Pub. D oc
R E P O R T O F TH E
168
ESSEX SAVINGS BANK — LAW RENCE.
Incorporated March 15, 1847.
Present number of corporators, 37.
Joseph. Shattitck, President.
James H . E aton, Treasurer.
James H. E aton, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Joseph Shattuck,
Samuel W hite,
James H . K idder,
George E. Davis.
Open for business every business day, except Saturday, 9 a .m. to 1 p.m .
B alance
Sh e e t , O c to b e r
L iab ilit ies .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
•Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad bonds,
Railroad notes, .
.
.
.
Real estate (for banking pur
poses) ,
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Cash on hand....................................
31, 1891.
$445,000
329,300
16,800
575.000
1,000
100.000
00
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$6,066,227 76
240.000 00
10,225 41
225.000 00
20,000 00
3,075,313 00
1,811,550 00
118,200 00
37,121 80
12,168 37
$6,541,453 17
$6,541,453 17
Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston,
.
................................................. $12,606 34
Winthrop National Bank, Boston................................................................................
24,515 46
Loans on Bank Stock, amount on each: —
On
On
On
On
On
On
On
10 shares Arlington National Bank, L a w r e n c e , ................................................ $1,000
100 shares Bay State National Bank, Lawrence..............................................
7,500
50 shares Merchants’ National Bank, L a w r e n c e ,.......................................
3,600
10 shares Pacific National Bank, L a w r e n c e ,.................................................
700
2,000
20 shares Pemberton National Bank, L a w r e n c e ,.......................................
13 shares Andover National Bank, A n d o v e r,.................................................
1,000
10 shares First National Bank, Nashua, N . H . , .......................................
1,000
00
00
00
00
00
00
00
Loan on Railroad Bonds : —
On $2,000 Boston & Maine R .R .,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 1,000 00
No. 8 .]
169
SA Y IN G S B A N K COM M ISSIONEKS
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
of
of
of
District
Boston, Mass., 4s,
Fall River, Mass., 6s, .
Lawrence, Mass , 4s, .
Lawrence, Mass., 6s, .
Lynn, Mass , 6s, .
Newton, Mass , 5s,
of Columbia 6s, .
Estimated
Market Value.
Amount Invested.
$200,000 $206,000 00 $200,000 00
25.000 00
29.000 00
25.000
96.000 00
99.000 00
96.000
38.000 00
41.000 00
38.000
50.000 00
54.000 00
50.000
16.000 00
18.000 00
16.000
20,000 00
20,000 00
20,000
$445,000
$467,000 00 $445,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
130
40
300
10
30
40
75
20
130
80
100
47
232
100
300
25
40
51
200
46
150
100
225
250
27
100
100
100
60
10
250
Estimated
Market Value.
Amount Invested.
$13,000
4,000
22,500
1,000
, 3,000
$15,730
5,600
36,000
1,000
3,360
00
00
00
00
00
$13,000
4,000
. 22,500
1,000
3,000
00
00
00
00
00
4,000
7,500
2,000
13,000
8,000
10,000
4,700
23,200
10,000
30,000
2,500
4,000
5,100
20,000
4,600
15,000
10,000
22,500
25,000
2,700
10,000
10,000
10,000
6,000
1,000
25,000
7,400
9,600
2,580
12,090
9,760
10,300
4,700
25,520
12,400
37,500
2,750
4,320
12,801
30,000
6,348
18,600
13,900
23,850
41,250
3,402
10,400
12,100
10,200
6,000
1,400
25,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
4,000
7,500
2,000
13,000
8,000
10,000
4,700
23,200
10,000
30,000
2,500
4,000
5,100
20,000
4,600
15,000
10,000
22,500
25,000
2,700
10,000
10,000
10,000
6,000
1,000
25,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Par Value.
Atlas National Bank, Boston,.
Atlantic Nat’l Bank, Boston, .
Bay State N’l Bank, Lawrence,
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
National City Bank, Boston, .
Eliot National Bank, Boston,
Everett Nat’l Bank, Boston, .
Ulobe National Bank, Boston,
Howard Nat’l Bank, Boston, .
N’l Hide & Leather B’k,Boston,
Lawrence N’l B’k, Lawrence,
Lincoln Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Maverick Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of No. America, Boston,
North National Bank, Boston,
National Revere Bank, Boston,
N'l B’k of the Republic, Boston,
Shawmut Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$329,300
$415,861 00
$329,300 00
170
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 7s, .
Worcester, Nashua & Rochester
R R. 4s,.
Boston & Lowell R R. 7s,
Boston & Lowell R.R. 4is,
Boston & Lowell R R. 4s,
Fitchburg R R. 5s, .
Concord & Montreal R.R. 4s, .
Estimated
Market Value.
Amount Invested.
$200,000 $206,000 00 $200,000 00
20,000
50,000
50,000
50,000
105,000
100,000
21,000
51,000
52,000
51,000
113,300
103,000
00
00
00
00
00
00
20,000
50,000
50,000
50,000
105,000
100,000
00
00
00
00
00
00
$575,000 $597,300 00 $575,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$12,606
24,515
163,200
40,000
Rate.
34
46
00
00
2£ per cent.
3
“
4
“
4|
«
Amount.
$152,000
2,415,352
55,000
537,000
00
00
00
00
Rate.
4^ per cent.
5
“
5^
“
5à
“
Amount.
$60,000
1,518,311
50,000
132,000
00
00
00
00
Rate.
5| per cent.
6
“
7
Am ount invested in real estate for banking p u r p o se s,....................................... $20,000
Estimated value o f the s a m e , ..............................................................................
30,000
Assessed value of the s a m e , .......................................................................................
30,000
Net income received from same during year ending Oct. 31, 1891,
•
.
1,790
Number of loans which are of an amount not exceeding $3,000 each, 436
Aggregate amount of the s a m e , .............................................................................
479,371
Total number of loans upon real e s t a t e , ................................................ 627
Amount of investments from which no income is received.................................
333,374
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the 1 2 per cent., r 111,275
year ending Oct. 31, 1 8 9 1 , .......................................................... j 2^ per cent., { 140,324
Number o f accounts opened during the year ending Oct. 31, 1891,
3,686
Number of accounts closed during the year ending Oct. 31, 1891,
3,254
Total number of open accounts Oct. 31, 1891,
.
.
.
.
17,424
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f taxes), ................................................................................................
.
11,981
00
00
00
00
00
73
94
41
91
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................ 1,352,548 96
Number of s a m e , .......................................................................................
22,234
Amount o f withdrawals, including dividends, during the year ending Oct.
3 1 ,1 8 9 1 ,............................................................................................................................. 1,327,577 51
Number of s a m e , ...............................................................................................12,743
Date of examination by commissioner : April 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
Com m onw ealth
E ssex,
171
SA Y IN G S B A N K CO M M ISSION ERS.
ss ,
of
M a s sa c h u s e t t s ,
N ov.
6
, 1891.
Personally appeared James H . Eaton, Treasurer of the Essex Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
ss .
H e k b e r t W . F i e l d , Justice o f the Peace.
Nov.
6
, 1891.
Personally appeared Joseph Shattuck, President, and H . M . Whitney, Charles W .
Bell, J. H . Kidder, James R . Simpson and H. K . Webster, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me.
H e r b e r t W . F i e l d , Justice o f the reace.
172
R E P O R T O F TH E
[Pub. D oc.
EVERETT SAVINGS BANK — EVERETT.
Incorporated March 1, 1889.
W
il m o t
Present number of corporators, 24.
R . E v a n s , President.
H
en ry
Sa m u e l P . C a n n e l l , Treasurer.
K. Y
e a z ie ,
Clerk o f
th e
Corporation.
Names of committee charged with the investment of its funds:
W
W
il m o t
R . E va n s,
D a n ie l B . F e s s e n d e n ,
A. H am ,
N a t h a n ie l J. M e a d ,
S a m u e l M . J o h n so n .
o odbury
Open for business every business day, 2 to 4
B alance
p .m
; and Saturday, 7.30 to 8.30
S h eet, O ctober
31, 1891.
A ssets .
Loans on real estate, .
Loans to counties, cities or towns
( n o t e s ) ,.......................................
Deposits in banks, on interest, .
Cash on hand....................................
p .m .
L ia b il it ie s .
$39,275 00
16,000 0 0
6,457 20
303 77
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$61,767 93
175 00
93 04
$62,035 97
$62,035 97
Cash on Deposit in Banks, amount in each: —
Winthrop National Bank, B oston,.
First National Bank, Chelsea,
Winnisimmet National Bank, Chelsea,.
$2,661 69
1,827 75
1,967 76
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
Rate.
$6,457 20
2 ,0 0 0
00
2
4
^ per cent.
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$18,300 00
14,200 00
Rate.
Amount.
5 per cent.
5£
“
$20,775 00
Rate.
6
per cent.
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
Number of loans which are of an amount not exceeding $3,000 each ,
Aggregate amount of the s a m e , ..........................................................
Total number of loans upon real e s t a t e , .......................................
.
173
33
$35,275
33
Gross amount o f interest or profits received or earned, as per books , during year ending Oct. 31, 1 8 9 1 , ..........................................................
. ,
00
1,646 05
Times for the dividends fixed by the by-law s: second.Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the i 2 per cent., r
year ending Oct. 31, 1 8 9 1 , ........................................................... j 2 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
. 238
Number of accounts closed during the year ending Oct. 31, 1891,
.
36
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 569
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) ,..........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.......................................................................................................
Number of s a m e , .......................................................................................1,087
471 62
762 05
241
45
67,630 07
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891...............................................................................................................................
Number o f s a m e , ................................................................................................ 423
Date of examination by commissioner : March 17.
Co m m o n w e a l t h
M id d l e s e x ,
of
33,738 18
M a s sa c h u s e t t s .
N ov . 12, 1891.
ss .
Personally appeared Samuel P. Canned, Treasurer o f the Everett Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment o f all the resources and liabilities of said institution, and that the answers made'
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
J o se p h H . C a n n e l l , Justice o f the Peace.
N ov . 13, 1891.
ss .
Personally appeared W ilm ot R . Evans, President, and Geo. S. Marshall, Adams B .
Cook, W . A . Ham, James P. Stewart, Thomas Leavitt and Daniel B . Fessenden, trustees
of said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
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Federal Reserve Bank of St. Louis
Before me
J o se p h H . C a n n e l l , Justice o f the Peace.
R E P O E T O F TH E
174
[Pub. D oc.
FAIR H AVEN INSTITUTION FOR SAVIN OS — FAIR H AVEN.
Incorporated Feb. 10, 1832.
Present number of corporators, 34.
G e o r g e H . T a b e r , President.
C h a s . H . M o r to n , Treasurer.
C h a s . H . M orto n , Clerk o f the Corporation.
Names o f committee charged with the investment o f its funds:
G eo rg e H . T a b e r ,
W
Cy ru s D . H unt,
L ev i M . Sn o w ,
P. W
alter
in s o r ,
John B . H ussey.
Open for business every business day, 9
Balance
Sh ee t, O ctober
a .m .
to 1
p .m .
31, 1891.
L iab ilit ies .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Real estate (for banking pur
poses),
.......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Stock of Sea View Hotel and
W harf Co.,* .
.
.
.
Cash on hand,
.
.
.
.
$13,500 00
114,870 00
150 00
4,847
17,000
175,342
121,607
15.611
4,000
140
45
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$449,291 24
18,644 00
460 89
3,602 02
00
92
00
65
00
09
4,903 96
25 08
$471,998 15
$471,998 15
* Taken to secure indebtedness.
Cash on Deposit in Bank : —
National Bank of Fairhaven, F a i r h a v e n , ...........................................................$19,611 65
Loan on Bank Stock : —
On 3 shares National Bank of Commerce, New Bedford,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
$1-50 00
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
175
Detailed Statement o f Public Funds.
Par Value.
City of Belfast, Me , 6s, .
Town of Fairhaven, Mass , 7s,
*
Estimated
Market Value.
$6,500
7,000
$6,500 00
7,500 00
$13,500
$14,000 00
Amount Invested.
$6,500 00*
7,000 00
$13,500 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
158
68
90
80
40
90
50
60
30
40
50
80
50
100
Estimated
Market Value.
Amount Invested.
$12,640
$12,640 00
$12,640 00
6,800
9,000
11,730 00
13,500 00
10,880 00
12,150 00
8,000
10,260 00
10,400 00
3,640
11,497
6,100
9,600
3,652
5,570
5,525
9,880
6,525
11,200
4,800
10,350
6,500
7,740
3,450
5,160
5,500
8,000
5,300
12,000
Par Value.
Nat’l Bank of Fairhaven, Fairhaven, ..................................
Mechanics’ N’l B’k, New Bed
ford,
.
.
.
.
.
First N’l Bank, New Bedford,
Citizens’ N ’l Bank, New Bed
..................................
ford,
N’l Bank of Commerce, New
Bedford,
.
.
.
.
N’l B’k of Commerce, Boston,
Eliot Nat’l Bank, Boston,
N’l B’k of the Republic, Boston,
State National Bank, Boston, .
North National Bank, Boston,
Howard Nat’l Bank, Boston, .
N’l B’k of No. America, Boston,
Continental N’l Bank, Boston,
Boston Nat’l Bank, Boston,
4,000
9,000
5,000
6,000
3,000
4,000
5,000
8,000
5,000
10,000
$95,440
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$121,319 00 $114,870 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$15,611 65
27,000 00
76,900 00
Kate.
2
5
5i
per cent.
“
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$10,456 00
177,448 37
Rate.
5| per cent.
6
Amount.
$850 00
4,445 55
Rate.
6
7
^ per cent.
R E P O E T O F TH E
176
[Pub. D oc.
Amount invested in real estate for banking p u r p o s e s ,.......................................
Estimated value of the s a m e , ..............................................................................
Assessed value of the s a m e , .................................................................... .........
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,......................................................................................................................
Assessed value of the s a m e ,........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 138
Aggregate amount of the same......................................................................................
Total number of loans upon real e s t a t e , ................................................. 139
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the b y-la w s: last Monday in April
and October.
Rate and amount of each semi-annual dividend during the i 2 per cent., r
year ending Oct. 31, 1891................................................................ J 2 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
.
89
Number of accounts closed during the year ending Oct. 31, 1891,
.
71
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 838
Total expenses of the corporation for the year ending Oct. 31, 1891,
(exclusive of taxes), ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891........................................................................................................
Number o f s a m e , ................................................................................................. 214
Amount o f withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , .................................................................................................. 353
Date of examination by commissioner: Dec. 22.
Com m onw ealth
B r is t o l ,
op
$4,847 45
5.000 00
[3,500 00
17,000 0 0
4.000 00
117,672 92
23,484 93
8,529 80
8,528 23
2 ,1 0 2
08
49,964 07
59,559 32
M assa ch u setts.
N ov . 17, 1891.
ss.
Personally appeared Chas. H . Morton, Treasurer of the Fairhaven Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true
and correct statement o f all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
Before me,
B r is t o l ,
ss .
F . D . P. T a p p a n , Justice o f the Peace.
N ov . 17, 1891.
Personally appeared George H . Taber, President, and J. C. Tripp, J. W . L. Hillman,
Reuben Nye, Levi M . Snow and Lewis S. Judd, trustees o f said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
F . D . P. T a p p a n , Justice o f the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
177
FALL RIVER SAVINGS BANK —FALL RIVER.
Incorporated March II, 1828.
Present number of corporators, 129.
C r a w f o r d E . L in d s e y , President.
C h a r l e s A . B a s s e t t , Treasurer.
N e w t o n R . E a r l , Clerk o f the Corporation.
Names of committee charged with the investment of its fund s:
G u il f o r d H . H a t h a w a y ,
H e n r y C. H a w k i n s ,
J a m e s C. E d d y ,
R obert H e n r y ,
R o b e r t C. B r o w n .
Open for business every business day, 9
Balance
Sh eet, O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock ,.
Railroad bonds as per schedule,
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
a .m .
to 2
p .m .
31, 1891.
L iab ilit ies .
$869,700 00
719,800 00
21,600 0 0
373,000 00
46,000 00
2,518,690 00
1,413,100 00
1,500
500
38,611
818
1,876
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count,
Suspense account, .
$5,726,046 38
198,300 00
52,727 97
4,000 00
24,122 00
00
00
85
48
02
$6,005,196 35
$6,005,196 35
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, B o s t o n , .......................................................... $2,490 15
Metacomet National Bank, Fall River....................................................................... 11,121 70
Third National Bank, Springfield,..............................................................................
25,000 00
Loans on Bank Stock, amount on each : —
On 4 shares Pocassett National Bank, Fall River.................................................. $100 00
On 49 shares Metropolitan National Bank, B o s t o n , .......................................
3,000 00
On
On
On
On
166 shares Metropolitan National Bank, B o s t o n , .......................................
28 shares Metropolitan National Bank, Boston,
.
.
.
.
. ,
50 shares Commercial National Bank, B o s t o n , ....................................... I
25 shares First National Bank, C lin to n ,...........................................................J
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11,000 00
7,500 00
178
[Pub. D oc
R E P O R T O F TH E
Detailed Statement o f Public Funds.
Par Value.
County of Bristol, Mass., 3|s, .
of Bristol, Mass , 44s,.
of Essex, Mass , 3|s, .
of Hampden, Mass., 3s,
Town of Belmont, Mass., 4s, .
City of Boston, Mass., 5s,
of Boston, Mass , 4s,
of Cambridge, Mass , 4s,
of Cambridge, Mass , 3^s,
of Fall River, Mass., 6s, .
of Fall River. Mass., 5s, .
of Fall River, Mass , 4s, .
Town of Freetown, Mass., 4|s,
City of Gloucester, Mass , 4s, .
Town of Hyde Park, Mass , 4s,
City of Lynn, Mass , 4 s , .
of Nashua, N. H , 4s,
of New Bedford, Mass , 31s, .
of Waltham, Mass., 4s, .
$40,000
20,000
50,000
10,000
37,000
100,000
200,000
80,000
61,000
33,000
24,000
46,000
2,700
40,000
2,000
10,000
12,000
30,000
72,000
$869,700
Estimated
Market Value.
$39,600
20,400
50,000
9,000
37,000
111,000
200,000
80,000
58,400
39,500
26,100
46,000
2,700
40,000
2,000
10,000
12,000
28,350
72,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$40,000
20,000
50,000
10,000
37,000
100,000
200,000
80,000
61,000
83,000
24,000
46,000
2,700
40,000
2,000
10,000
12,000
30,000
172,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$884,050 00 $869,700 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
200
150
400
330
250
300
160
400
107
300
232
200
420
500
220
715
432
935
150
100
Par Value.
N’l B’k of Commerce, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National Revere Bank, Boston,
Second National Bank, Boston,
Washington N’l Bank, Boston,
Nat’l Bank of Commerce, New
Bedford,
.
.
.
.
First Nat’l B’k, New Bedford,
Merchants’ Nat’l Bank, New
Bedford,
.
.
.
.
Fall River N’l B’k, Fall River,
Massasoit N’l B’k, Fall River,
Metacomet N’l B’k, Fall River,
Second Nat’l Bank, Fall River,
First National Bank, Chelsea,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
15,000
40,000
33,000
25,000
30,000
16,000
40,000
10,700
30,000
23,200
20,000
42,000
50,000
22,000
71,500
43,200
93,500
15,000
10,000
Estimated
Market Value.
$25,000
18,000
56,800
79,200
30,000
33,000
24,000
48,000
13,375
31,500
41,760
23,000
00
00
00
00
00
00
00
00
00
00
00
00
37,800 00
75,000 00
41,800
78,650
75,600
121,550
25,500
12,000
00
00
00
00
00
00
$650,100 $891,535 00
Amount Invested.
$20,000
15,000
40,000
72,600
25,000
30,000
16,000
40,000
10,700
30,000
34,800
20,000
00
00
00
00
00
00
00
00
00
00
00
00
42,000 00
50,000 00
29,700
71,500
54,000
93,500
15,000
10,000
00
00
00
00
00
00
$719,800 00
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
179
Detailed Statement o f Railroad Bonds.
Par Value.
Estimated
Market Value.
Amount Invested.
Boston & Albany R R. 6s,
$100,000 $106,000 00 $100,000 00
Boston, Clinton, Fitchburg & New
Bedford R R 5s, .
.
.
.
26,000
29,380 00
26,000 00
Boston & Lowell R R 7s,
10,000
10,900 00
10,000 00
Boston & Lowell R.R 4s,
25,000
25,000 00
25,000 00
Boston & Providence R.R. 7s, .
10,000
10,400 00
10,000 00
Boston, Winthrop & Shore R R. 5s, .
15,000
16,500 00
15,000 00
Leeds & Farmington R R. 6s, .
15,000
16,200 00
15,000 00
Maine Central R.R. 7s,
7,000
7,490 00
7,000 00
Maine Central R.R bs, .
10,000
11,500 00
10,000 00
Old Colony R R 7s,.
13,000
13,780 00
13,000 00
Old Colony R R 6s,.
77,000
84,190 00
77,000 00
Old Colony R R. 4|s,
' 50,000
52,000 00
50,000 00
Worcester, Nashua & Roch. R R. 4s,
15,000
15,000 00
15,000 00
$373,000 $398,340 00 $373,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$13,611 85
25,000 00
Rate.
Amount.
Rate.
Amount.
2£ per cent.
4
“
$760,990 00
2,544,350 00
5 per cent.
5£
“
$590,050 00
60,000 00
Rate.
6
H
per cent.
“
Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value o f the sa m e ,.......................................................................................
Assessed value of the s a m e , ........................................................................................
Net income received from same during the year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 8 8 6
Aggregate amount of the s a m e , ..............................................................................
1,192,004 00
Total number of loans upon real e s t a t e , ....................................... 1,033
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
330,122 30
$46,000 00
46,000 00
.46,000 0 0
700 00
Times for the dividends fixed by the by-laws : first Monday in April and
October.
Rate and amount of each semi-annual dividend during the 1
per c e n t,
year ending Oct. 31, 1 8 9 1 , ...........................................................j 2J percent.,
Number o f accounts opened during the year ending Oct. 31, 1891,
2,027
Number o f accounts closed during the year ending Oct. 31, 1891,
1,840
Total number of open accounts Oct. 31, 1891,
.
.
.
.
12,014
Total expenses o f the corporation for the year ending Oct. 31, 1891 (exclu
sive of taxes)....................................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891, ..................................................................................................
136,088 23
136,716 10
12,048 19
885,918 40
Number of s a m e , ........................................................................................ 10,412
Amount of withdrawals, including dividends, during the year ending
Oct, 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ........................................................................................9,597
Date o f examination by commissioner: July 14.
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Federal Reserve Bank of St. Louis
1,054,606 44
180
R E P O R T O F TH E
Co m m o n w e a lth
B e is t o l ,
ss .
of
[Pub. D oc.
M assa ch u setts.
Nov. 2, 1891.
Personally appeared Charles A . Bassett, Treasurer of the Fall River Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
B r is t o l ,
ss .
I. P. G a r d n e r , Justice o f the Peace.
N ov . 2, 1891.
Personally appeared Crawford E . Lindsey, President, and William Lindsey, B. D.
Davo], N . R . Earl, Clark Shove, William S. Greene and Samuel R . Buffington, trustees
of said corporation, and severally made oath (except the said Samuel R . Buffington,
who made solemn affirmation) that the annexed report is correct, according to their
best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H e n r y K . B r a l e y , Justice o f the Peace.
No. 8 .]
181
SA Y IN G S B A N K CO M M ISSION ERS.
FALL RIVER FIVE CENTS SAVINGS BANK — FALL
RIVER.
Incorporated April 10, 1855.
W
alter
Present number of corporators, 34.
C. D u r f e e , P r e s id e n t .
C h a r l e s J. H o l m e s , Treasurer.
J o h n P. S l a d e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W a l t e r C. D ü r f e e ,
Sa m u e l M . B r o w n ,
L eo n tin e L in c o l n ,
C h a s . E . G if f o r d ,
J a m e s P . P r e n t is s .
Open for business every business day, 9
B alance
Sh eet, O ctober
a .m .
to 2
p .m .
31, 1891.
A ssets .
L ia b ilit ie s .
Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , .......................................
Real estate by foreclosure, .
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Granite Mills stock,* .
Border City Manufacturing Company’s stock, * .
Cash on hand....................................
$50,000 00
461,200 00
1 2 0 ,0 0 0
00
45,000
50,000
1,211,925
713,375
31,411
5,000
2,669
15,750
00
00
00
00
86
00
76
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account,
Premium account,
Rental account,.
Rebate tax on national
bank shares, .
Due on m o r t g a g e
notes,
$2,566,353 98
55,000 00
65,488 90
15,235 03
4,315 05
11,918 96
2,129 09
3,682
68
12,500 00
5,292 07
$2,724,123 69
$2,724,123 69
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Second National Bank, Fall R i v e r , .................................................................... $23,215 03
Winthrop National Bank, B o s to n ,..............................................................................
13,196 83
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Federal Reserve Bank of St. Louis
182
R E P O R T O F TH E
[Pub. D oc
Detailed Statement o f Public Funds.
Town of Everett, Mass , 4s,
City of Lynn, Mass , 4s , .
.
Par Value.
Estimated
Market Value.
Amount Invested.
125,000
25,000
$25,250 00
25,250 00
$25,000 00
25,000 00
$50,000
$50,500 00
$50,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
230
200
100
100
35
250
15
160
150
100
50
300
200
160
150
85
106
150
100
120
250
400
30
70
300
20
100
36
50
100
20
13
412
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston National Bank, Boston,
National City Bank, Boston,
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Nat’l Exchange Bank, Boston,
Faneuil Hall N’l B'k, Boston,
First National Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,
Monument Nat’l Bank, Boston,
N’l B’k of No America, Boston,
N’ l B’k of Redemption, Boston,
Nat’l Revere Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k,Boston,
Third National Bank, Boston,
Nat’l Webster Bank, Boston, .
Winthrop Nat’l Bank, Boston,
First National Bank, Chelsea,
Dedham Nat’l Bank, Dedham,
Metacomet N’l B’k, Fall River,
Nat’ l Union Bank, Fall River,
Leominster N’l B’k, Leominster,
First National Bank, Malden,.
Oxford Nat’l Bank, Oxford, .
Palmer Nat'l Bank, Palmer, .
Second Nat'l Bank, Fall River,
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Federal Reserve Bank of St. Louis
$5,000
23,000
20,000
10,000
10,000
3,500
25,000
1,500
16,000
15,000
10,000
5,000
30,000
20,000
16,000
15,000
8,500
10,600
15,000
10,000
12,000
25,000
40,000
3,000
7,000
30,000
2,000
10,000
3,600
5,000
10,000
2,000
1,300
41,200
$461,200
Estimated
Market Value.
$7,050
27,945
20,000
11,250
9,675
4,480
32.500
1,830
16,560
20,512
14,200
12,050
37,500
22,100
17,600
13,500
18,700
13,250
19,050
10,600
15,120
23,250
42,800
3,000
8,200
36,000
2,120
13,000
3,780
5,000
13,000
2,300
1,625
70,040
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$5,000
23,000
20,000
10,000
10,000
3,500
25,000
1,500
16,000
15.000
10,000
5,000
30,000
20,000
16,000
15,000
8,500
10,600
15,000
10,000
12,000
25,000
40,000
3,000
7,000
30,000
2,000
10,000
3,600
5,000
10,000
2,000
1,300
41,200
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$569,587 00 $461,200 00
No. 8 .]
183
SA V IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Amount Invested.
|100,000 $100,000 00
50,000 00
50,000
$70,000 00*
50,000 00
Par Value.
Rutland R.R. 5s,
.
Old Colony R R. 4 s,.
.
.
$150,000
*A
$150,000 00 $120,000 00
legal investment when made.
Total Amount o f Loans with Each Specified Rate o f Interest.
$31,411
121,670
86
00
Rate.
Rate.
Amount.
Rate.
Amount.
£ per cent.
5
“
$1,567,055 00
15,000 00
5J per cent.
$221,575 00
Amount.
2
6
per cent.
Amount invested in real estate for banking purposes, .
.
.
Estimated value of the sa m e ,........................................................................................
Assessed value of the s a m e , .......................................................................................
Value, by books, of other real estate held or owned by foreclosure or
$45,000 00
57.000 00
57.000 00
o t h e r w i s e ,.....................................................................................................................
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31,1891,
50.000 00
58,211 00
2,800 0 0
Number of loans which are of an amount not exceeding $3,000 each,
402
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate,.......................................................... 544
Gross amount o f interest or profits received or earned, as per books, during
567,650 00
153,665 59
year ending Oct. 31, 1 8 9 1 , .....................................................................
.
Times for the dividends fixed by the by-laws : second Monday in June and
December.
56,218 35
Rate and amount of each semi-annual dividend, during the i
per cent., r
58,373 06
year ending Oct. 31, 1 8 9 1 , ..........................................................j 2£ per cent, {
Number of accounts opened duringthe year ending Oct. 31, 1891,
1,868
Number of accounts closed during the year ending Oct. 31, 1891,
1,419
Total number of open accounts Oct. 31, 1891,
.
.
.
.
9,434
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
6,783 27
clusive of taxes), ..........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891,
.
.
.
"
....................................................................
Number of s a m e , ............................................................................12,951
Amount of withdrawals, including dividends, during the year ending
556,022 04
Oct. 31, 1891......................................................................................................................
Number of same..................................................................................... 6,221
Date of examination by commissioner: July 14.
470,944 50
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Federal Reserve Bank of St. Louis
184
R E P O R T O F TH E
C om m onw ealth
B r is t o l ,
of
[Pub. Doc.
M assa ch u setts.
ss .
N ov.
6
, 1891.
Personally appeared Charles J. Holmes, Treasurer o f the Fall River Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
B r is t o l ,
R ic h a r d P. B o r d e n , Justice o f the Peace.
ss .
Nov.
6
, 1891.
Personally appeared Walter C. Durfee, President, and Charles E . Gifford, Leontine
Lincoln, James M . Osborn, Junius P. Prentiss and Charles E . Fisher, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R
ic h a r d
P. B o r d e n , Justice of the Peace.
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
185
FARMERS’ AND MECHANICS’ SAVINGS BANK
FRAMINGHAM.
Incorporated April 23, 1883.
W
il l a r d
SOUTH
Present number of corporators, 24.
H o w e , President.
G e o r g e E . C u t l e r , Treasurer.
S. G . D a v e n p o r t , Clerk o f the Corporation.
Names o f committee charged with the investment o f its funds :
G eorge E . C u t l e r ,
H . L. S a w y e r ,
J o se p h W . B u l l a r d ,
W . M. R an n ey ,
Ch a r l e s D . L e w is ,
F r a n k l in E n s l in .
Open for business every business day, except Saturday, 8
Saturday, 8
B alance
a .m .
Sh ee t, O ctober
A ssets .
Bank stock as per schedule,
Loans on railroad stocks, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposit in bank, on interest,
F u r n itu r e ,.......................................
Cash on b a n d , ..............................
to 12
a .m .
to 12
m .,
2 to 4
p .m
;
m.
31, *1891.
L ia b ilit ie s .
$32,218
00
1 0 ,1 0 0
00
314,566 40
120,056 50
Deposits, .
Guaranty fund,
Interest account,
Cemetery fund,
$491,216
5,950
7,195
348
59
00
47
60
$504,710
66
19,500 00
425 0 0
6,599 77
1,057 0 0
187 99
$504,710
66
Cash on Deposit in Bank : —
Framingham National Bank, South F r a m i n g h a m , ....................................... $6,599 77
Loans on Railroad Stock, amount on each : —
On 75 shares Boston & Maine R . R , .....................................................................$10,000 00
On 1 share Maine Central R . R . , ..............................................................................
100 00
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Federal Reserve Bank of St. Louis
186
[Pub. Doc.
R E P O R T O F TH E
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
Estimated
Market Value.
Amount Invested.
Continental Nat’l B’k, Boston, $2,100 00
Chelsea Nat’l Bank, Chelsea, .
500 00
Eliot National Bank, Boston, . 1,600 00
Framingham National Bank,
South Framingham,
10,000 00
10 Freeman’s Nat’l Bank, Boston, 1,000 00
17J Holliston Nat’l B’k, Holliston, 1,733 33
4,000 00
40 Market Nat’l Bank, Boston,
900 00
9 Northboro’ N’l B’k,Northboro’,
1,000 00
10 Revere Nat’l Bank, Boston,
600 00
6 Shawmut Nat’l Bank, Boston,
9 Second Nat’l Bank, Boston,
900 00
10 First N’l Bank, West Newton, 1,000 00
$2,709 00
650 00
1,952 00
$2,525 25
650 00
2,084 00
13,600
1,000
1,997
4,000
1,125
1,060
756
1,665
1,000
14,399
950
2,232
3,908
1,134
1,252
724
1,358
1,000
$25,333 33
$31,514 00
21
5
16
100
00
00
00
00
00
00
00
00
00
00
00
25
25
00
50
50
25
00
$32,218 00
Total Amount o f Loans with Each Specified Bate o f Interest.
Rate.
Amount.
$6,599 77
2,500 00
2J
4
per cent.
“
*
Amount.
$254,125 00
23,200 00
Rate.
5
51
per cent.
“
Rate.
Amount.
$184,822 90
6
per cent.
Number of loans which are o f an amount not exceeding $3,000 each, . 199
Aggregate amount of the s a m e , .............................................................................. $210,847 00
Total number of loans upon real estate,
.
.
.
.
. 162
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .............................................................................. .........
24,466 01
Times for the dividends fixed by the by-la w s: first Tuesday in April and
October.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
8,683 55
year ending Oct. 31, 1 8 9 1 , ........................................................... i 2 per c en t.,!
9,045 09
Number of accounts opened during the year ending Oct. 31, 1891,
353
Number of accounts closed during the year ending Oct. 31, 1891,
235
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,811
Total expenses of the corporation 'for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) ,.......................................................................................................................1,513 01
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
132,502 93
Number of s a m e , ........................................................................................ 2,049
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ..............................................................................
113,343 25
Number of s a m e , ........................................................................................ 1,509
Date o f examination by commissioner: January 27.
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Federal Reserve Bank of St. Louis
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
Co m m o n w ea lth
M id d l e s e x ,
ss .
of
187
M assach u setts.
Nov. 20, 1891.
Personally appeared George E . Cutler, Treasurer of the Farmers’ and Mechanics’
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a true
and correct statement of all the resources and liabilities of said institution, and that
the answers made by him to the foregoing interrogatories contain the whole truth in
reference to the matters to whicfi they relate, according to his best knowledge and belief.
Before me,
M i d d l e s e x , ss.
J o se p h H . L a d d , Justice o f the Peace.
Nov. 20, 1891.
Personally appeared Willard Howe, President, and George E. Cutler, Henry L. Saw
yer, Sid. A . Phillips, Joseph W . Bullard and Stearns G. Davenport, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
J o se p h H . L a d d , Justice o f the Peace.
188
[Pub. D oc.
R E P O R T O F TH E
FITCHBURG SAVINGS BANK — FITCHBURG.
Incorporated Feb. 12, 1846.
Charles E . W
Present number of corporators, 44.
C h a r l e s J. B il l i n g s , Treasurer.
E b e n e z e r B a i l e y , Clerk o f the Corporation.
are,
President.
Names of committee charged with the investment of its funds :
R odney W alla c e ,
C harles E . W a r e ,
R tjeben R . C o n n ,
H en ry G . M o rse,
Car m i M . Pa r k e r .
—
Open for business every business day, except Saturday, 9
9 a . m . to 2 P.M.
B ala n c e Sh ee t, O ctober
to 3
p . m .;
Saturday,
31, 1891.
L ia b il it ie s .
A ssets .
Public funds as per schedule, .
Loan on public funds, .
. .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate (for banking pur
poses) ..............................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Deposits in banks, not on inter
est, .................................................
Cash on hand,
.
.
.
.
a .m .
$254,222 50
1 ,0 0 0
00
215,996 00
27,200 0 0
181,900 00
130,000
11,750
970,800
916,450
00
00
00
00
16,000
43,577
00
Deposits, .
Guaranty fund,
Interest account,
$2,628,525 8 6
98,000 00
49,040 33
68
5,000 00
1,670 01
$2,775,566 19
$2,775,566 19
Cash on Deposit in Banks, amount in each : —
Maverick National Bank, Boston, .
Fitchburg National Bank, Fitchburg,
$1,577 6 8
22,000 00
Safety Fund National Bank, Fitchburg,
25,000 00
Loans on Public Funds, amount on each : —
On $1,000 town o f Methuen 6 s,
.
.
.
.
.
$ 1,000 00
j
$3,000 00
Loans on Bank Stock, amount on each: —
On
On
On
On
10 shares
20 shares
24 shares
10 shares
Merchants’ National Bank, Boston,
Eliot National Bank, Boston, .
Safety Fund National Bank, Fitchburg, .
Safety Fund National Bank, Fitchburg, .
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Federal Reserve Bank of St. Louis
1,800 00
800 00
No. 8 .]
On
On
On
On
On
On
60
80
15
10
63
40
shares
shares
shares
shares
shares
shares
189
SA Y IN G S B A N K CO M M ISSION ERS
Safety Fund National Bank,F itc h b u rg ,................................................ $5,200
5,600
Safety Fund National Bank, Fitchburg.........................................
Safety Fund National Bank,F itch b u rg ,........................................
1,000
Safety Fund National Bank,F itc h b u rg ,........................................
800
Safety Fund National Bank,F itch b u rg ,........................................
5,000
Fitchburg National Bank, Fitchburg...............................................
4,000
00
00
00
00
00
00
Detailed Statement o f Public Funds.
Par Value.
City of Fitchburg, Mass., 6s, .
of Fitchburg, Mass., o^s,
of Keene, N H., 3|s,
of Norwich, Conn., 7s,
of New Bedford, Mass., 4s,
of Portland, Me , 6s,
Town of Turner’s Falls, Mass., 4s, .
of Leominster, Mass , 4s,
United States 4s,
. . .
City of Fitchburg, Mass., 4s, .
$52,000
15,000
12,000
17,000
25,000
5,000
30,000
20,000
50,000
31,000
$257,000
Estimated
Market Value.
$52,650
14,700
11,160
21,760
25,250
6,000
30,000
20,100
58,375
31,155
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$48,625
15,000
12,000
17.935
25,000
4,662
30,000
20,000
50,000
31,000
00
00
00
00
00
50*
00
00
00
00
$271,150 00 $254,222 50
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
133
150
100
200
116
100
150
66
113
170
153
100
100
200
100
30
5
Par Value.
First N’l Bank, Ashburnham,
Boston Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
North National Bank, Boston,
N’l Hide & Leather B’k,Boston,
National Revere Bank, Boston,
N’l B’k of No. America, Boston,
Rollstone Nat’l B’k, Fitchburg,
Safety Fund N’l B’k, Fitchburg,
Fitchburg N’l B’k, Fitchburg,
Citizens’ N’l B’k, New Bedford,
Nat’l Bank of Commerce, New
Bedford,
.
.
.
.
Crocker N’l B’k, Turner’s Falls,
City Nat’l Bank, Worcester, .
Quinsigamond National Bank,
Worcester, .
.
.
.
ToAvnsend N’l B’k, Townsend,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
13,300
15,000
10,000
20,000
11,600
10,000
15,000
6,600
11,300
17,000
15,300
10,000
Estimated
Market Value.
$10,500
14,896
16,575
10,950
29,900
16,153
12,400
15,900
8,151
16,950
18,700
22,185
12,800
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
13,300
15,000
10,000
20,000
11,600
11,600
15,000
6,600
12,210
18,050
16,736
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
10,000
20,000
10,000
9,100 00
24,000 00
14,500 00
12,400 00
20,000 00
10,000 00
3,000
500
3,810 00
550 00
3,000 00
500 00
$208,600 $258,020 00
$215,996 00
190
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 4s, .
Fitchburg R.R. 4is, .
.
.
.
Fitchburg R.R. 5s, .
Vermont & Massachusetts R.R. 5s, .
$50,000
45.000
69.000
16.000
$180,000
Estimated
Market Value.
$47,000
44,550
71,320
16,880
Amount Invested.
00
00
00
00
$50,000
45,000
70,500
16,400
00
00
00
00
$179,750 00 $181,900 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
Rate.
$1,577 6 8
17.000 00
1 2 .0 0 0
00
130,000 00
£ per cent.
3
“
4
“
4h
“
2
Amount.
$40,000
50,000
1,095,100
150,000
00
00
00
00
Rate.
Amount.
4§ per cent.
4f
5
“
51
“
$434,750 00
44,500 00
100
Rate.
00
5£ per cent.
6
H
Amount invested in real estate for banking p u rp o se s,.......................................
Estimated value of the s a m e , ...............................................................................
Assessed value of the s a m e ,........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Value, by books, o f other real estate held or owned by foreclosure or
o t h e r w i s e ,....................................... ......... ....................................................................
Assessed value of the s a m e ,........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 306
Aggregate amount of the s a m e , ........................................................... .........
.
Total number of loans upon real e s t a t e , ................................................. 355
Amount of investments from which no income is received, .
.
.
.
Gross amount o f interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ...............................................................................
“
$130,000 00
130.000 00
120.000 00
1,418 11
11,750 00
12,550 00
427,750 00
6,350 00
135,753
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend during the i 2 per cent., r
49,666
year ending Oct. 31, 1 8 9 1 , ........................................................... j 2 per cent., j
50,484
Number of accounts opened during the yearending Oct. 31, 1891,
. 855
Number of accounts closed during the year endingOct. 31, 1891,
. 766
Total number o f open accounts Oct. 31, 1891,
.
.
.
.
6,156
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of taxes).............................................................................................
5,799
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
413,674
Number of the s a m e , ...................................................................... 3,557
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
439,807
Number o f s a m e , ................................................................................ 3,253
Date of examination by commissioner: August 11.
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Federal Reserve Bank of St. Louis
94
31
56
81
05
26
No. 8 .]
SA Y IN G S B A N K C O M M ISSIO N ERS.
Com m onw ealth
of
191
M assach u setts.
N ov. 19, 1891
W ORCESTER, SS.
Personally appeared Charles J. Billings, Treasurer of the Fitchburg Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
W
o r c e s t e r , ss .
A ndrew Jew ett,
Justice o f the Peace.
N ov. 19,1891.
Personally appeared Charles E . Ware, President, and Brigham N . Bullock, Henry
G. Morse, Reuben R . Conn, Rodney Wallace and George F. Fay, trustees of said cor
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
A n d r e w J e w e t t , Justice o f the Peace.
192
R E P O R T O F TH E
[Pub. D oc.
FLORENCE SAVINGS BANK — FLORENCE.
Incorporated Feb. 14, 1873.
Present number of corporators, 33.
S a m u e l P o r t e r , President.
M . E . G o u l d , Treasurer.
M . E . G o u l d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Sa m u e l P o r t e r ,
H . F. C u t l e r ,
L. F . P l im p t o n ,
W . L. W i l c o x ,
G e o r g e S. G r a v e s .
Open for business every business day, 10
B a la n c e Sh e e t , O cto ber
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Pi,ailroad bonds as per schedule,
Real estate (for banking purp o s e s ) , .......................................
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank,noton interest,
Expense account,
Premium account,
Cash on hand,
.
.
.
.
a .m .
to 2
p .m .
31, 1891.
L ia b ilit ie s .
$35,000 00
24,000 00
40,000 00
4,000
105,893
91,092
205
20,773
80
60
3,736
325
$325,165
Deposits, .
Guaranty fund,
Interest account,
$313,153 28
11,668 14
344 46
00
00
21
00
08
28
20
50
61
88
$325,165
88
$6 ,0 0 0
4,329
3,500
80
4,392
2,551
00
Cash on Deposit in Banks, amount in each: —
Safety Fund National Bank, Fitchburg,
Home National Bank, Holyoke,
.
First National Bank, Easthampton,
Northampton National Bank, Northampton,
First National Bank, Northampton,
Hampshire County National Bank, Northampton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
33
00
28
32
43
No. 8 .]
193
S A Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Public Funds.
Par Value.
Town of Abington, Mass., 4s, .
Town of Braintree, Mass , 4s, .
City of Lynn, Mass., 4s, .
Town of Orange, Mass., 4s,
Estimated
Market Value.
$8,000
15,000
7.000
5.000
$35,000
$8,122
15,652
7,117
5,000
Amount Invested.
$8,000
15,000
7.000
5.000
00
50
80
00
00
00
00
00
$35,000 00
$35,892 30
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
85 Home Nat1! Bank, Holyoke, .
70 •Hampshire County N’l Bank,
Northampton,
68 First National Bank, North
ampton,
.
.
.
.
17 Agawam Nat’l Bank, Springfield, ..................................
Estimated
Market Value.
Amount Invested.
$8,500
$8,925 00
$8,500 00
7,000
8,750 00
'7,000 00
6,800
8,840 00
6,800 00
1,700
1,700 00
1,700 00
$24,000
$28,215 00
$24,000 00
Detailed Statement o f Railroad Bonds.
Par Value.
$1,000
1,000
1,000
10,000
5,000
10,000
12,000
Vermont & Mass. R.R. 5s,
Old Colony R R 6s,
New Bedford R R 7s,
Boston & Providence R R. 4s, .
Boston & Lowell R.R. 4s,
Boston & Maine R R. 4 s ,.
Concord & Montreal R.R. 4s, .
$40,000
Estimated
Market Value.
$1,055
1,090
1,040
10,206
5,000
10,625
12,420
00
00
00
00
00
00
00
$41,436 00
Amount Invested.
$1,000
1,000
1,000
10,000
5,000
10,000
12,000
00
00
00
00
00
00
00
$40,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount.
Kate.
Amount.
3 per cent.
$12,943 75
111,298 21
4 per cent.
$85,892 00
Amount.
$3,500 00
4,329 33
H
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
5
Kate.
6
per cent.
194
R E P O R T O F TH E
[Pub. D oc.
Amount invested in real estate for banking p u r p o se s,....................................... $4,000 00
Estimated value of tbe s a m e , ..............................................................................
4,000
Assessed value o f the s a m e , .............................................................................. .
3,000
Net income received from same during year ending Oct. 31, 1891,
.
23
Number of loans which are of an amount not exceeding $3,000 each, 149
Aggregate amount of the s a m e , .............................................................................
100,484
Total number of loans upon real e s ta te ,.......................................................... 117
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
15,890
Times for the dividends fixed by the b y-la w s: second Tuesday in April
and October.
Rate and amount of each semi-annual dividend during the j 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ..........................................................J 2 per c e n t.,!
Number of accounts opened during the year ending Oct. 31, 1891,
271
Number o f accounts closed during the year ending Oct. 31, 1891,
183
Total number of open accounts Oct. 31,1891,
.
.
.
.
1,410
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) ,...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of same..............................................................................................1,541
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891................................................................................................................................
Number of s a m e , .......................................................................................1,142
Date of examination by commissioner : April 20.
Commonwealth
H ampshire,
ss.
of
00
00
43
11
61
5,599 34
5,890 06
1,346
02
78,910 40
67,365 92
Massachusetts.
N ov. 9 ,
1891.
Personally appeared M . E . Gould, Treasurer o f the Florence Savings Bank, and made
oath that the foregoing statement, by her subscribed, is a true and correct statement
of all the resources and liabilities of said institution, and that the answers made by
her to the foregoing interrogatories contain the whole truth in reference to the matters to
which they relate, according to her best knowledge and belief.
Before me,
H ampshire,
ss.
S. B . F uller, Justice o f the Peace.
N
ov.
9, 1891.
Personally appeared Samuel Porter, President, and Geo. S. Graves, Louis F . Plimp
ton, H . F . Cutler, W . L. W ilcox and Charles E . Gould, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
S. B. Fuller, Justice o f the Peace.
No. 8 .]
195
SA Y IN G S B A N K COM M ISSION ERS.
FOXBOROUGH SAVINGS BANK — FOXBOROUGH.
Incorporated April 18, 1855.
Present number of corporators, 34.
Charles W . Hodges, President.
E li Phelps, Treasurer.
E dward M. Phelps, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Charles W . H odges,
I saac P. Carpenter,
E. E. H artshorn,
A . H. M essinger,
W illiam H. Y oung.
Open for business every business day, 9 a .m. to 5 p .m.
B alan ce Sh ee t, O ctober
L ia b ilit ies .
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Deposits in banks on interest, .
Cash on hand,
.
.
.
.
31, 1891.
$27,500 00
200
49,050
34,700
4,900
75,315
2,835
2 ,0 0 0
00
00
00
00
00
00
Deposits, .
Guaranty fund,
Undivided earnings,
$193,328 78
6,250 00
2,589 15
00
4,434 78
1,233 15
$202,167 93
$202,167 93
Cash on Deposit in Banks, amount in each : —
Winthrop National Bank, B oston,..............................................................................$2,687 74
Boston Safe Deposit and Trust Company, B o s t o n , .......................................
1,747 04
Loan on Public Funds : —
On $200 United States 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$200 00
196
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Public Funds.
Par Value.
City of Dover, N. H., 6s,.
of East Saginaw, Mich , 5s,
of Fall River, Mass., 6s, .
of Keene, N. H., 4s,
of Keene, N. H., 5s,.
of Lynn, Mass., 5s, .
of South Norwalk, Conn , 6s, .
Town of Winthrop, Mass., 5s,
*
$1,000
5.000
2.000
2,000
2,500
9.000
5.000
1.000
$27,500
Estimated
Market Value.
$1,020
5,350
2,240
2,045
2,690
10,026
5,300
1,100
00
00
00
00
75
00
00
00
$29,771 75
Amount Invested.
$1,000
5.000
2.000
2,000
2,500
9.000
5.000
1.000
00
00
00
00
00
00
00
00
$27,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
35
22
12
20
8
29
38
14
10
43
40
15
14
35
10
40
18
36
5
15
25
8
Par Value.
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston,.
Market Nat’l Bank, Boston, .
Metropolitan N ’l B’k, Boston,.
N’l B’k of No. America,Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,.
Winthrop Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
N ’l B’k of Wrentham, Wrentham, .
.
.
.
.
Boston National Bank, Boston,
Tremont Nat’l Bank, Boston, .
State Street Safe Deposit and
Trust Company, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,500
2,200
. 1,200
2,000
800
2,900
3,800
1,400
1,000
4,300
4,000
1,500
1,400
3,500
1,000
4,000
1,800
3,600
Estimated
Market Value.
$3,500
2,838
1,561
2,050
1,137
2,900
3,420
1,729
960
4,429
5,040
1,500
1,655
3,255
1,062
4,265
2,034
3,780
00
00
50
00
00
00
00
00
00
00
00
00
50
00
50
00
00
00
Amount Invested.
$3,500
2,200
1,200
2,000
800
2,900
3,800
1,400
1,000
4,300
4.000
1,500
1,400
3,500
1,000
4,000
1,800
3,600
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
350
1,500
2,500
400 00
1,680 00
2,556 25
350 00
1,500 00
2,500 00
800
800 00
800 00
$49,050
$52,552 75
$49,050 00
No. 8 .]
197
SA Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Providence R.R. 7s, .
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .
Old Colony R.R. 6s, .
Salem & Lowell R R. 6 s,.
Vermont & Massachusetts R.R. 5 s,.
$5,000
5,000
2,000
5,000
5,000
7,000
700
5,000
$34,700
Estimated
Market Value.
$5,000 00
5,200 00
2,260
5,441
4,852
7,537
784
5,400
00
50
40
30
00
00
$36,475 20
Amount Invested.
$5,000 00
5,000 00
2,000
5,000
5,000
7,000
700
5,000
00
00
00
00
00
00
$34,700 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$4,434 78
2 ,0 0 0
00
2
Kate.
Amount.
A per cent.
$76,035 00
H
Kate.
6
per cent.
Amount.
$2,315 00
Kate.
7 per cent.
“
Value, by books, of real estate held or owned by foreclosure or otherwise,
$4,900 00
Assessed value of the s a m e , ........................................................................................
4,550 00
Net income received from same during year ending Oct. 31, 1891,
.
.
13 21
Number of loans which are of an amount not exceeding $3,000 each, . 104
Aggregate amount of the s a m e , ...............................................................................
72,850 00
Total number of loans upon real estate,.
..................................................99
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
9,796 14
Times for the dividends fixed by the b y-law s: Wednesday after first Mon
day in June and December.
Rate and amount o f each semi-annual dividend during the 1 2 per cent., f
3,346 25
year ending Oct. 31, 1891..................................................................1 2 per cent., 1
3,513 67
Number o f accounts opened during the year ending Oct. 31, 1891,
. 145
Number of accounts closed during the year ending Oct. 31, 1891,
.
72
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 960
Total expenses of the corporation for the year ending Oct. 31, 1891 (e x
clusive of taxes), .
........................................................................................
597 41
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.........................................................................................................
46,613 07
Number of s a m e , ..................................................................................................910
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 ,...............................................................................................................................
40,482 47
Number of s a m e , ................................................................................................. 648
Date o f examination by commissioner : January 22.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
198
R E P O R T O F TH E
Com m onw ealth
N obfolk,
ss .
of
M a s sa c h u s e t t s .
•
[Pub. D oc.
N ov. 10, 1891.
Personally appeared Eli Phelps, Treasurer o f the Eoxborough Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
N o r f o l k , ss.
E . P. C a r p e n t e r , Justice o f the Peace.
N ov. 11, 1891.
Personally appeared Charles W . Hodges, President, and W illiam H . Torrey, John Q.
Lynch, W illiam B. Crocker, I. P. Carpenter and George F . W illiam s, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
E d w a r d M . P h e l p s , Justice o f the Peace.
No. 8 .]
199
SA Y IN G S B A N K CO M M ISSION ERS.
FRAMINGHAM SAVINGS BANK — SOUTH FRAM INGHAM.
Incorporated March 11, 1816.
Present number of corporators, 46.
F r a n k l in E . G r e g o r y , President.
L u t h e r F . F u l l e r , Treasurer.
L u t h e r F . F u l l e r , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds
Sam uel B. B ir d ,
J. H e n r y R o b in so n ,
E dw ard F . K en d a ll.
F r a n k l in E . G r e g o r y ,
A d r ia n F oote ,
F r a n c is C. S t e a r n s ,
Open for business every business day, except Saturday, 9
9 a .m . to 12 M.
Balance
Sh eet, October
to 3
p .m .
; Saturday,
31, 1891.
L ia b ilit ies .
A ssets .
Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes),
.......................................
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Premium account,
Furniture and fixtures,
Trustees C. C. Esty, .
Commonwealth Ave. Land Co.,
Cash on hand,
.
.
.
.
a .m .
$174,500
158,800
1,164
76,000
23,743
569,728
134,551
00
00
00
Deposits, .
Guaranty fund,
Undivided earnings,
$1,271,882 56
6,371 95
4,004 16
00
00
23
10
8 ,0 0 0
00
1,900
44,410
700
72,911
454
9,623
5,769
4
00
68
00
00
10
17
00
39
$1,282,258 67
$1,282,258 67
Cash on Deposit in Bank : —
Framingham National Bank, South Framingham,
$44,410
68
Loans on Bank Stock, amount on each : —
On 6 shares W altham National Bank, W altham ................................
On 3 shares Framingham National Bank, South Framingham, .
On 3 shares Framingham National Bank, South Framingham, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600 0 0
300 00
264 00
200
R E P O R T O F TH E
[Pub. D oc
Detailed Statement o f Public Funds.
Par Value.
City of Providence, R. I., 5s, .
of Providence, R. I., 4 is ,.
Town of Spencer, Mass., 4s, .
of Norwalk, Conn., 4s, .
City of Portsmouth, N. H., 4s,
Town of Marlborough, Mass., 4s, .
City of Lewiston, Me , 5s,
of Keene, N. H., 4s,
of Lowell, Mass., 4s,
of Boston, Mass., 4s,
United States 4s,
. . .
$25,000
5,000
20,000
30,000
2,000
20,000
9,000
23,000
20,000
20,000
500
Estimated
Market Value.
$26,875
5,200
20,200
30,300
2,000
20,200
9,585
23,115
20,100
.20,100
525
00
00
00
00
00
00
00
00
00
00
00
$174,500 $178,200 00
*A
Amount Invested.
$25,000
5,000
20,000
30,000
2,000
20,000
9,000
23,000
20,000
20,000
500
00
00
00
00
00*
00
00
00
00
00
00
$174,500 00
legal investment when made.
No.'of
Shares.
Detailed, Statement o f Bank Stocks.
6
19
33
119
100
155
30
165
15
136
180
85
30
10
90
50
30
65
92
100
100
1
Par Value.
Atlas National Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
First National Bank, Boston, .
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
N ’l Hide & Leather B’k, Boston,
Mt Vernon N’l Bank, Boston,
Market Nat’l Bank, Boston, .
N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
Shoe & Leather N’l B’k, Boston,
Second National Bank, Boston,
Nat’l Webster Bank, Boston, .
Merchants’ National Bank,
Portland, Me ,
Framingham National Bank,
South Framingham,
Central N at’l Bank, Boston, .
South Framingham National
Bank, South Framingham, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600
1,900
3,300
11,900
10,000
15,500
3,000
16,500
1,500
13,600
18,000
8,500
3,000
1,000
9,000
5,000
3,000
6,500
Estimated
Market Value.
$732
1,900
3,795
15,827
13,000
20,500
3,000
41,250
1.500
15,232
23,040
11,900
3,000
1,235
14,850
4,750
5,700
6,760
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$600
1,900
3,300
11,900
10,000
15,500
3,000
16,500
1,500
13,600
18,000
8,500
3,000
1,000
9,000
5,000
3,000
6,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
6,900
11,040 00
6,900 00
10,000
10,000
14,200 00
14,400 00
10,000 00
10,000 00
100
100 00
100 00
$158,800 $227,711 00
$158,800 00
No. 8.]
201
SA Y IN G S B A N K COM M ISSION ERS.
Detailed Statement o f Railroad Bonds.
Par Value.
Newport & Richford R.R. 5s, .
Fitchburg R.R. 5s, .
Fitchburg R R. 4s, .
Salem & Lowell R R 6s,.
Boston & Lowell R R. 5s,
Boston & Lowell R R . 7s,
Estimated
Market Value.
$20,000
20,000
25,000
5,000
3,000
3,000
$21,000
20,500
23,500
5,500
8,135
3,015
$76,000
$76,650 00
Amount Invested.
00
00
00
00
00
00
$20,000
20,000
25,000
5,000
3,000
3,000
00*
00
00
00
00
00
$76,000 00
* A legal investment when made.
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$44,410 68
1,900 00
Rate.
Amount.
Rate.
Amount.
2J per cent.
$114,120 00
5 per cent.
$599,323 33
Rate.
6 per cent.
4
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 290
Aggregate amount of the same......................................................................................
Total number of loans upon real e s t a t e , ................................................. 318
Amount of investments from which no income is received................................
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
$23,743 00
25,425 00
500 00
253,715 80
15,400 00
67,721 53
Times for the dividends fixed by the by-laws : first Saturday in May and
November.
Rate and amount o f each semi-annual dividend during the r 2 per cent., r
year ending Oct. 31, 1 8 9 1 , ...........................................................} 2 per cent., {
Number of accounts opened during the yearending Oct. 31, 1891,
. 397
Number of accounts closed during the yearending Oct. 31, 1891,
. 563
Total number of open accounts Oct. 31, 1891,
.
.
.
.
3,382
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f taxes)................................ ..... ........................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
159,202 80
Number o f s a m e , ................................................................................ 1,471
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
258,115 33
Number o f s a m e , .................................................................................1,988
Date o f examination by commissioner: April 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
24,436 78
23,700 00
4,365 42
202
R E P O R T O F TH E
Comm onw ealth
M id d l e s e x ,
ss.
of
[Pub. D oc
M a s sa c h u s e t t s .
N ov . 19, 1891.
Personally appeared Luther F . Fuller, Treasurer of the Framingham Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
ss.
W . A . B k o w n , Notary Public.
N o v . 19, 1891.
Personally appeared Franklin E . Gregory, President, and Luther F . Fuller, Francis
C. Stearns, Edward F. Kendall, Clifford Folger and Thomas L . Barber, trustees of said
corporation, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
W . A . B r o w n , Notary Public.
No. 8 .]
203
SA Y IN G S B A N K CO M M ISSION ERS
FRANKLIN SAVINGS BANK — BOSTON.
Incorporated March 15, 1861.
Present number o f corporators, 90.
F r e d e r ic W . L in c o l n , President.
E b e n e z e r A l e x a n d e r , Treasurer.
G eo rg e A . F is h e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A u g u stu s P a r k e r ,
T h o m a s J. W i i i d d e n ,
A braham A ve ry ,
Open for business every business day, 9
M a r t in L . B r a d f o r d ,
D . R . E m erson,
J ac ob A . D r e s s e r .
a .m .
to 2
p .m .
B a la n c e Sh e e t , O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns,
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
; and Saturday, 3 to 5
p .m .
31, 1891.
L ia b ilit ie s .
$615,500
387,193
15,300
297,000
50.000
14,379
3,884,168
1,620,561
00
12
00
00
00
85
27
31
75.000
463,145
4,964
13,319
00
21
62
42
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$7,440,531 80
$7,135,185 85
200,000 00
72,702 14
32,643 81
$7,440,531 80
Cash on Deposit in Banks, amount in each : —
Third National Bank, Boston.................................................
North National Bank, Boston.................................................
New England National Bank, Boston, .
.
.
.
National Exchange Bank, Boston,
.
.
.
.
Globe National Bank, B o s t o n , .......................................
Boylston National Bank, B o s t o n ,.......................................
National Revere Bank, B o s t o n , .......................................
Continental National Bank, Boston,
.
.
.
.
Loans on Bank Stock, amount on each: —
On 11 shares Boylston National Bank, Boston,
On 3 shares Boylston National Bank, Boston,
On 160 shares Massachusetts Loan & Trust Co., Boston,
$50,000 00
50,000 00
50,000 00
50,000 00
25,000 00
125,486 94
56,535 64
56,122 63
$1,000 00
300 00
14,000 00
Loan on Railroad Stock : —
On 400 shares Boston & Maine R .R .,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000 00
204
[Pub. D oc
R E P O R T O F TH E
Detailed Statement o f Public Funds.
City of Boston, Mass., 3^s,
of Boston, Mass , 4s.
of Boston, Mass , 6s,
of Boston, Mass , 5s,
Town of Brookline, Mass., 4s,
City of Cleveland, Ohio, 4s, .
of Columbus, Ohio, 4s, .
of Cambridge, Mass., 6s,
District of Columbia 6s, .
of Columbia 7s, .
City of Fall River, Mass., 6s, .
of Newton, Mass , 4s,
of Providence, R I , os, .
of Springfield, Mass., 7s,
of Somerville, Mass., 5 s,.
Town of Spencer, Mass., 4s, .
Par Value.
Estimated
Market Value.
f 100,000
150,000
2,000
3,000
15,000
20,000
40,000
1,000
108,500
8,000
4,000
43,000
6,000
10,000
25,000
80,000
$98,000
152,750
2,370
3,375
15,000
19,600
37,800
1,120
125,842
9,885
4,888
43,860
6,505
12,750
25,625
80,800
$615,500
Amount Invested.
00 $100,000 00
00
150,000 00
00
2,000 00
3,000 00
00
15,000 00
00
00
20,000 00
00
40,000 00*
1,000 00
00
108,500 00
50
8,000 00
00
00
4,000 00
43,000 00
00
00
6,000 00
10,000 00
00
25,000 00
00
00
80,000 00
$640,170 50
$615,500 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
200
41
57
200
235
200
60
201
205
81
22
156
106
135
200
172
200
200
200
200
130
129
55
Par Value.
Atlas National Bank, Boston, .
Atlantic Nat’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Continental N’l Bank, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Exchange Bank, Boston,
Columbian N’l Bank, Boston,
Everett National Bank, Boston,
Eliot National Bank, Boston, .
Freeman’s N’l Bank, Boston, .
Fourth National Bank, Boston,
First Ward N’l Bank, Boston,
Globe National Bank, Boston,
North National Bank, Boston,
N’l B’k of N. America, Boston,
Old Boston N’l Bank, Boston,
Nat’l Revere Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Second National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
4,100
5,700
20,000
23,500
20,000
6,000
20,100
20,500
8,100
2,200
15,600
10,600
13,500
20,000
17,200
20,000
20,000
20,000
20,000
13,000
12,900
5,500
Estimated
Market Value.
$24,300
5,801
7,353
20,000
30,550
19,200
7,650
27,336
21,935
8,343
2,684
15,600
13,144
17,550
20,000
23,908
24,700
23,600
21,200
18,600
15,795
13,674
10,175
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$20,000
4,100
5,700
20,000
23,500
20,000
6,000
20,100
20,500
7,873
2,200
15,600
10,600
13,500
19,619
17,200
20,000
20,000
20,000
20,000
13,000
12,900
5,500
00
00
00
00
00
00
00
00
00
62
00
00
00
00
50
00
00
00
00
00
00
00
00
No. 8 .]
205
S A Y IN G S B A N K COM M ISSION ERS.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
20
209
30
84
50
100
Par Value.
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Winthrop N’l Bank, Boston, .
Naumkeag N’l Bank, Salem, .
Third Nat’l Bank, Springfield,
Mass. Loan & Trust Co., Boston,
$2,000
20,900
3,000
8,400
5,000
10,000
Estimated
Market Value.
$2,880
20,900
3,420
11,760
10,500
11,500
Amount Invested.
$2,000
20,900
3,000
8,400
5,000
10,000
00
00
00
00
00
00
$387,800 $454,058 50
00
00
00
00
00
00
$387,193 12
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 5s, .
.
.
.
Boston & Maine R R. 7s,
Old Colony R R. 6s,
N. Y. & N. E. R.R. (terminal) 4s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
$114,000
30.000
3,000
50.000
50.000
50.000
Estimated
Market Value.
$116,850
31.200
3,240
52.500
50.500
60,750
Amount Invested.
00 $114,000 00
30.000 00
00
3,000 00
00
50.000 00
00
50.000 00
00
00
50.000 00
$297,000 $315,040 00 $297,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
$288,145
175.000
12,000
110.000
500,000
21
00
00
00
00
2£ per cent.
3
4
“
4i
“
4è
“
Rate.
Amount.
$76,100
3,332,637
20,000
350,000
25,000
00
17
00
00
00
4| per cent.
5
5J
“
H
«
5f
“
Rate.
Amount.
$1,033,091
25,000
146,151
10,550
4,500
31
00
10
00
00
5J per cent.
5|
“
6
“
6i
“
7
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .......................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 331
$14,379 85
21,300 00
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate............................................................ 642
Gross amount of interest or profits received or earned, as per books, during
624,614 87
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the by-laws : February 1 and August 1.
Rate and amount of each semi-annual dividend during the j 2 per cent., r
year ending Oct. 31, 1 8 9 1 , ..........................................................* 2 per cent., (
336,997 75
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
123,205 36
130,529 20
206
R E P O R T O F TH E
[Pub. D oc.
Number of accounts opened during the year ending Oct. 31, 1891,
Number of accounts closed during the year ending Oct. 31, 1891,
Total number o f open accounts Oct. 31, 1891,
.
.
.
.
2,757
1,745
14,903
Total expenses of the corporation for the year ending Oct. 31, 1891 (e x
clusive of t a x e s ) ,................................................................................................................. $19,826 62
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1891........................................................................................................
Number of s a m e , ............................................................................................... 13,969
1,686,140 68
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .................................................................................................................... 1,318,849 80
Number of s a m e , ................................................................................................10,728
Date o f examination by commissioner : April 21.
Co m m on w ealth
Su ffo lk ,
op
M a ssa ch u setts.
B oston , N ov . 11, 1891.
ss.
Personally appeared Ebenezer Alexander, Treasurer of the Franklin Savings Bank
o f the city of Boston, and made oath that the foregoing statement, by him subscribed,
is a true and correct statement o f all the resources and liabilities of said institution,
and that the answers made by him to the foregoing interrogatories contain the whole
truth in reference to the matters to which they relate, according to his best knowledge
and belief.
Before me,
W . E . Hoover, Justice o f the Peace.
Su f f o l k ,
B o sto n , N o v . 18, 1891.
ss .
Personally appeared Frederic W . Lincoln, President, and Augustus Parker, Abra
ham Avery, Jacob A . Dresser, W m . H . Baldwin, and W m . H . Leatherbee, trustees o f
said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
W . E . H o o p e r , Justice o f the Peace.
No. 8 .]
207
SA Y IN G S B A N K CO M M ISSION ERS.
FRANKLIN SAVINGS INSTITUTION — GREENFIELD.
Incorporated April 2, 1834.
Present number of corporators, 22.
S a m u e l 0 . L a m b , President.
W il l i a m H . A l l e n , Treasurer.
F r a n k l in It. A l l e n , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
S a m u e l O. L a m b ,
J o se p h G r is w o l d ,
J o se p h W . S t e v e n s ,
H e n r y F. N a s h ,
L u c iu s N im s .
Open for business every business day, 9
a .m .
to 12.30
B a l a n c e Sh e e t , O cto ber
A ssets .
p . m .,
2 to 4
p .m .
31, 1891.
L ia b ilit ie s .
Public funds as per schedule, . ¡$1,084,874 20
1,500 00
Loan on public funds,
68,600 00
Bank stock as per schedule,
66,000 00
Loans on bank stock,.
362,500 00
Railroad bonds as per schedule,
4,948 84
Real estate by foreclosure,
723,970 06
Loans on real estate, .
Loans on personal security,
903,893 93
Loans to counties, cities or towns
110,500 00
(notes), .......................................
6,195 00
Loans on depositors’ books,
159,481 02
Deposits in banks, on interest, .
2,197 74
Expense account,
497 50
Unpaid interest, .
.
.
.
1,675 92
Cash on hand,
.
.
.
.
$3,496,834 21
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$3,283,922 32
164,400 00
40,382 90
8,128 99
$3,496,834 21
Cash on Deposit in Banks, amount in each: —
First National Bank, G r e e n f ie ld ,...............................................................................$81,643 35
National Hide and Leather Bank, B o s t o n , ...........................................................
54,837 67
Athol National Bank, A t h o l , ........................................................................................
5,000 00
City National Bank, S p r i n g f i e l d ,..............................................................................
18,000 00
Loan on Public Funds : —
On $2,000 Holyoke, M ass., 6s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,500 00
208
[Pub. D oc.
R E P O R T O F TH E
Loans on Bank Stock, amount on each: —
On
On
On
On
On
On
On
On
On
On
On
On
On
On
On
$1,700 00
17 shares First National Bank, Greenfield,
.
.
2 shares First National Bank, Greenfield,
5 shares First National Bank, Greenfield,
23 shares First National Bank, Greenfield,
50 shares Franklin County National Bank, Greenfield,
22 shares Shelburne Falls National Bank, Shelburne Falls,
50 shares Adams National Bank, North Adams, .
10 shares City National Bank, Worcester,
25 shares First National Bank, Northampton,
50 shares City National Bank, Gloucester,
98 shares Hampshire County National Bank, Northampton,
26 shares First National Bank, Northampton,
60 shares People’ s National Bank, Boston,
150 shares National Hide and Leather Bank, Boston,
52 shares National Bank of Redemption, Boston,
200 00
500
1.500
4.000
2,200
5.000
1.0 0 0
2.500
5,000
00
00
00
00
00
00
00
00
12,400 00
y
3o,ooo oo
J
On 50 shares National Exchange Bank, Boston, .
Detailed Statement o f Public Funds.
Estimated
Market Value.
Par Value.
Town of Adams, Mass , 6s,
of Amherst, Mass., 7s, .
of Brattle borough, V t , 4s,
City of Boston, Mas§., 6s,
of Boston, Mass , 5s,
Town of Brookline, Mass., 7s, .
City of Brockton, Mass., 5s,
Town of Chicopee Falls,Mass.,4s,
of Chicopee Falls, Mass.,
4is,
.
City of Cambridge, Mass., 6s, .
Town of Chatham, Mass., 4^s, .
City of Cleveland, Ohio, 5s,
Town of Chesterfield, N. I I , 4s,
City of Dayton, Ohio, 6s, .
of D a y t o n , Ohio, 5s, .
of Detroit, Mich , 4s, .
Town of Everett, Mass , 6s,
City of Fall River, Mass , 6s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 4s, .
Town of Greenfield, Mass., 4s, .
of Greenfield, Mass., 4^s,
City of Grand Rapids, Mich , 5s,
of Holyoke, Mass , 6s,
Town of Hinsdale, N. I I , 4s, .
City of Lawrence, Mass., 6s,
of Lynn, Mass , 6s, .
of Lynn, Mass , 4s, .
Town of Marblehead, Mass , 4s,
City of Malden, Mass , 6s,
of Milwaukee, YVis., 5s,
of Nashua, N. I I , 6s,
of Peoria, 111., 4is,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount Invested.
$25,000
10,000
10,000
43,000
29,000
42,000
28,000
4,000
00
00
00
00
00
00
00
00
$25,875
10,350
10,000
47,490
33,132
49,455
32,245
4,000
00
00
00
00
50
00
00
00
$25,000
10,000
10,000
43,000
29,000
42,000
28,000
4,000
00
00
00
00
00
00
00
00
2,000
19,000
5,000
25,000
6,000
11,000
30,000
25,000
25,000
21,000
4,000
50,000
53,500
21,875
50,000
46,000
2,000
30,000
10,000
10,000
22,000
35,000
22,000
75,000
25,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
2,040
22,090
5,272
26,500
6,000
11,357
33,375
25,562
25,375
24,202
4,280
50,875
53,985
22,476
56,250
53,015
2,000
35,575
10,800
10,150
22,275
38,325
24,363
88,500
26,500
00
00
50
00
00
50
00
50
00
50
00
00
00
56
00
00
00
00
00
00
00
00
75
00
00
2,000
19,000
5,000
25,000
6,000
11,000
30,000
25,000
25,000
21,000
4,000
50,000
53,500
21,875
50,000
46,000
2,000
30,000
10,000
10,000
22,000
35,000
22,000
75,000
25,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
No. 8 .]
SA V IN G S B A N K COM M ISSION ERS
209
Detailed Statement o f Public Funds— Concluded.
Estimated
Market Value.
Par Value.
City of Providence, R. 1 , 6s, .
of Providence, li. 1 , 5s, .
of East Saginaw, Mich., 5s,
of East Saginaw, Mich., 4s,
of Springfield, Mass , 7s, .
of Springfield, Mass., 6s, .
of Springfield, Ohio, 6s, .
of Springfield, Ohio, 5s, .
of Taunton, Mass , 6s,
of Worcester, Mass., 5s, .
$100,000
25.000
25.000
25.000
30.000
4.000
15,499
25.000
1.000
18.000
00
00
00
00
00
00
20
00
00
00
$117,500
28,875
26,937
25,000
37,675
5,000
16,751
28,075
1,095
20,610
00
00
50
00
00
00
96
00
00
00
Amount Invested.
$100,000
25.000
25.000
25.000
30.000
4.000
15,499
25.000
1.000
18.000
00
00
00
00
00
00
20
00
00
00
$1,084,874 20 $1,201,212 27- $1,084,874 20
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
153
5
87
125
102
100
25
49
30
Par Value.
Adams Nat’l Bank, No. Adams,
N’l B’k of Commerce. Boston,
Faneuil Hall Nat’l B’k, Boston,
N’l B’k of No. America, Boston,
Nat'l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
First Nat’l Bank, Greenfield, .
FranklinCo N’l B’k,Greenfield,
First Nat’l Bank,Northampton,
Pittsfield Nat’l Bank, Pittsfield,
$1,000
15,300
500
8,700
12,500
10,200
10,000
2,500
4,900
3,000
$68,600
Estimated
Market Value.
$1,250
19,545
710
10,744
13,281
10,200
19,000
2,500
6,321
4,800
00
75
62
50
25
00
00
00
00
00
$88,353 12
Amount Invested.
$1,000
15,300
500
8,700
12,500
10,200
10,000
2,500
4,900
3,000
00
00
00
00
00
00
00
00
00
00
$68,600 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 6s,
Boston & Albany R.R. 7s.,
Boston & Albany R R. 6s.,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
N. Y. & N. E. R R . (terminal) 4s, .
Vermont & Massachusetts 14.14. 5s, .
Vermont Valley R R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
26,000
4,000
57,500
100,000
50,000
50,000
50,000
$362,500
Estimated
Market Value.
$26,500
26,130
4,200
70,150
95,000
52,500
53,250
53,500
00
00
00
00
00
00
00
00
$381,230 00
Amount Invested.
$25,000
26,000
4,000
57,500
100,000
50,000
50,000
50,000
00
00
00
00
00
00
00
00
$362,500 00
210
R E P O R T O F TH E
[Pub. D oc.
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$10
136,481
76,000
4,000
Rate.
00
02
00
00
0 per cent.
2é
“
4
“
4\
“
Amount.
$52,900
75.000
25.000
1,481,250
00
00
00
99
Rate.
Amount.
Rate.
4£ per cent.
4§
“
4£
»
5
“
$70,000 00
25,000 00
25,898 00
5Jj per cent.
5è
“
6
Value, by books, o f real estate held or owned by foreclosure or otherwise,
$4,948 84
Assessed value o f the s a m e ,........................................................................................
6,424 00
Net income received from same during year ending Oct. 31, 1891,
.
.
277 52
Number of loans which are o f an amount not exceeding $3,000 each, 502
Aggregate amount of the s a m e , ...............................................................................
437,382 20
Total number of loans upon real e s t a t e , ................................................. 488
Amount of investments from which no income is received, .
.
.
.
65 40
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
170,989 57
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend during the j 2 per cent., f
62,394 47
63,320 15
year ending Oct. 31, 1891, .
................................................. 1 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 631
Number of accounts closed during the year ending Oct. 31, 1891,
. 595
Total number of open accounts Oct. 31, 1891,
.
.
.
.
7,207
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes)..............................................................................................................
5,318 29
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
325,554 73
Number of same, .
.
. • ........................................................... 3,138
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .....................................................................................................................
353,530 17
Number of s a m e , .........................................................................................3,558
Date of examination by commissioner :
Com m onw ealth
F r a n k l in ,
of
M assa ch u setts.
N o v . 10, 1891.
ss.
Personally appeared W illiam H . Allen, Treasurer of the Franklin Savings Institution,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
Before me,
F r a n k l in ,
H e r b e r t P a r so n s , Justice o f the Peace.
N ov . 10, 1891.
ss.
Personally appeared Samuel O. Lamb, President, and Joseph W . Stevens, Joseph
Griswold, Henry F . Nash, Lucius Nims and Albert E . Hawks, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H e r b e r t P a r s o n s , Justice o f the Peace.
No. 8 .]
211
SA Y IN G S B A N K CO M M ISSION ERS
GARDNER SAVINGS BANK — GARDNER.
Incorporated M ay 26, 1868.
Present number of corporators, 54.
C h a r l e s W . C o n a n t , President.
J o h n D . E d g e l l , Treasurer.
Y o l n e y W . H o w e , Clerk o f the Corporation.
Names of committee charged with the investment o f its funds :
C h a s . W . Co n a n t ,
John E d g e l l ,
E zra
R o d e r ic L. B e n t ,
S. W . A . S t e v e n s ,
O sg o o d .
Open for business every business day, except Saturday, 9
Saturday, close at 2 p . m .
B a la n c e Sh e e t , Octo ber
to 12
1 to 4
m .,
p .m .
;
31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand....................................
a .m .
L ia b ilit ies .
$52,250
107,700
11,500
123,000
492,015
348,285
00
00
00
00
96
98
84,700
61,892
12,000
546
2,829
00
16
00
87
36
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,201,699 73
55,620 67
16,681 36
22,718 57
$1,296,720 33
$1,296,720 33
Cash on Deposit in Banks, amount in each : —
Maverick National Bank, B o ston ,.
First National Bank, Gardner,
Westminster National Bank, Westminster,
.
•
.
$26,892 16
32,000 00
15,000 0Ö
Loans on Bank Stock, amount on each: —
On 103 shares Westminster National Bank, Westminster,
On 2 shares First National Bank, Gardner, .
On 38 shares First National Bank, Gardner,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$
8,000 00
200 00
3,300 00
212
[Pub. D oc
R E P O R T O F TH E
i
Detailed Statement o f Public Funds.
Par Value.
City of Cleveland, Ohio, 7s,
of Cleveland, Ohio, 6s,
of Cleveland, Ohio, 4s,
United States 4s,
United States 4is, .
.
.
Town of Gardner, Mass., 4s,
.
.
.
.
.
$5,000
5,000
10,000
1,100
1,150
30,000
$52,250
Estimated
Market Value.
$5,025
5,290
9,800
1,287
1,144
30,000
00
00
00
00
25
00
$52,546 25
Amount Invested.
$5,000
5,000
10,000
1,100
1,150
30,000
00
00
00
00
00
00
$52,250 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
20
18
10
10
25
125
15
30
50
50
5
11
50
50
15
20
50
16
5
50
25
29
84
100
no
39
50
20
5
Par Value.
First N’l Bank, Ashburnham,.
Miller's River N’l B’k, A thol,.
Metropolitan N’l B’k,Boston,.
Central Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Boston National Bank, Boston,
Continental N’l Bank, Boston,
Winthrop Nat’l Bank, Boston,
State National Bank, Boston,
N’l Hide & Leather B’k, Boston,
New England N’l B’k, Boston,
National Eagle Bank, Boston,
N’l B’k ol the Republic, Boston,
National Bank of the Com
monwealth, Boston,
Mechanics’ Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Nat’ l Exchange Bank, Boston,
Everett Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Roll-tone N’l Bank, Fitchburg,
First National Bank, Gardner,
Orange Nat’l Bank, Orange, .
Crocker N’l B'k, Turner’s Falls,
First Nat’l Bank, Winchendon,
Mechanics’ N’l B’k, Worcester,
Citizens’ N’l Bank, Worcester,
First Nat’l Bank, Barre, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$2,000
1,800
1,000
1,000
2,500
12,500
1,500
3,000
5,000
5,000
500
1,100
5,000
$2,100
3,330
900
1,420
2,762
14*000
1,950
3,420
6,087
5,700
820
1,133
8,000
00
00
00
00
50
00
00
00
50
00
00
00
00
$2,000
1,800
1,000
1,000
2,500
12,500
1,500
3,000
5,000
5,000
500
1,100
5,000
00
00
00
00
00
00
00
00
00
00
00
00
00
5,000
1,500
2,000
5,000
1,600
500
5,000
2,500
2,900
8,400
10,000
10,000
3,900
5,000
2,000
500
9,250
1,950
2,990
5,000
2,182
517
6,100
2,325
4,350
10,500
14,500
12,000
6,240
5,250
2,540
525
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
5,000
1,500
2,000
5,000
1,600
500
5,000
2,500
2,900
8,400
10,000
10,000
3,900
5,000
2,000
500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$107,700 $137,842 50 $107,700 00
No. 8 .]
213
SA V IN G S B A N K COM M ISSION ERS.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 7s,
Boston & Maine R R. 7s, .
Boston & Maine R.R. 4s. .
Boston & Lowell R R 4s,
Boston,Revere Beach & Lynn R.R. 6s,
Conn. &Passumpsic Rivers R.R. 7s,
Fitchburg R R. 6s, .
Fitchburg R.R 4s, .
Fitchburg R R. 4|s, .
.
.
.
Old Colony R.R 4^s,
Old Colony R R . 6 s,.
Old Colony R.R 4 s,.
Old Colony R R. 7s,.
Yermont and Massachusetts R R. 5s,
$13,000
5,000
10,000
5,000
5,000
10,000
5,000
18,000
25,000
5,000
5,000
10,000
6,000
1,000
$123,000
Estimated
Market Value.
$13,065
5,100
10,000
5,000
5,400
10,200
5,300
16,920
24,750
5,175
5,350
10,100
6,300
1,055
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$13,000
5,000
10,000
5,000
5,000
10,000
5,000
18,000
25,000
5,000
5,000
10,000
6,000
1,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$123,715 00 $123,000 00
Total Amount o f Loans with Each Specified Bate o f Interest.
Amount.
$26,892 16
20,000 00
Kate.
2£ per cent.
3
«
Amount.
$98,800 00
295,282 71
Kate.
4 per cent.
5
“
Rate.
Amount.
$81,591 00
475,828 23
5J per cent.
6
Number o f loans which are of an amount not exceeding $3,000 each, 662
Aggregate amount of the s a m e , .............................................................................. $428,993 11
Total number of loans upon real e s t a t e , ................................................. 644
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891,
..............................................................................
65,142 92
Times for the dividends fixed by the by-law s: Tuesday before first
Wednesday in January and July.
Rate and amount of each semi-annual dividend during the 12 per cent., |
21,926 34
year ending Oct. 31, 1 8 9 1 , ........................................................i 2 per cent., t
22,551 90
Number of accounts opened during the year ending Oct. 31, 1891,
. 623
Number of accounts closed during the year ending Oct. 31, 1891,
. 468
Total number of open accounts Oct. 31, 1891,
.
.
.
.
3,835
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes),
.
...........................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1891.......................................................................................................
Number of s a m e , ........................................................................................2,690
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .....................................................................................................................
Number of same..............................................................................................2,172
Date of examination by commissioner : August 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2,693 77
234,351 06
224,492 32
214
R E P O R T OE TH E
Co m m on w ealth
W
of
[Pub. D oc.
M assach u setts.
N ov . 10, 1891.
o r c e s t e r , ss .
Personally appeared John D . Edgell, Treasurer o f the Gardner Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment o f all the resources and liabilities o f said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
W
T h a t c h e r B. D u n n , Justice o f the Peace.
N ov. 13, 1891.
o r c e s t e r , ss .
Personally appeared Chas. W . Conant, President, and S. W . A . Stevens, Yolney W .
Howe, Charles F. Richardson, John A . Dunn, Roderic L. Bent and Ezra Osgood, trus
tees o f said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o h n D . E d g e l l , Justice o f the Peace.
No. 8.]
215
SA Y IN G S B A N K COM M ISSION ERS
GEORGETOWN SAVINGS BANK — GEORGETOWN.
Incorporated M ay 26, 1868.
Present number of corporators, 59.
J e r e m i a h P. J o n e s , President.
O r l a n d o B . T e n n e y , Treasurer.
G e o r g e S. W
e st o n ,
Clerk o f the Corporation.
Names o f committee charged with the investment o f its funds.
J e r e m ia h P . J o n e s ,
Sh e r m a n N elson,
O l i v e r S. B u t l e r .
Open for business every business day, except Saturday, 9
Saturday, 9 a . m to 12 m .
B a l a n c e Sh e e t , Octo ber
to 12
m.
; 1.30 to 4
p .m .
;
31, 1891.
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on inter
est.....................................................
Cash on hand,
.
.
.
.
a .m .
$14,000
12,800
13,100
11,000
6,536
365,862
109,875
00
00
00
00
30
60
00
Deposits, .
Guaranty fund,
Interest account,
$547,030 26
15,200 00
5,854 12
16,500 00
945 00
16,075 74
2,000 00
399 74
$569,094 38
$569,094 38
Cash on Deposit in Banks, amount in each: —
Georgetown National Bank, Georgetown,
Second National Bank, H a v e r h i ll,......................................
First National Bank, Merrimac......................................
$11,319 73
5,923 19
832 82
Loans on Bank Stock, amount on each: —
On 100 shares Amesbury National Bank, Amesbury, .
On 38 shares Georgetown National Bank, Georgetown,
On
On
On
On
11 shares Rockport National Bank, Rockport,
12 shares Gloucester National Bank, Gloucester, .
5 shares Georgetown National Bank, Georgetown,
7 shares Georgetown National Bank, Georgetown,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$8,500 00
4,000 00
100 00
500 00
216
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Publie Funds.
Par Value.
City of Bath, Me., 6s,
of Bangor, Me., 6s, .
of Bangor, Me., 7s, .
of Belfast, Me., 6s, .
of Concord, N. H., 6s ,
Town of Melrose, Mass , 7s,
City of Portland, Me , 6s,
Estimated
Market Value.
$2,100
2,000
2,000
4,200
1,040
2,000
1,100
$2,000
2,000
2,000
4,000
1,000
2,000
1,000
.
$14,000
00
00
00
00
00
00
00
Amount Invested.
$2,000
2,000
2,000
4,000
1,000
2,000
1,000
00*
00
00
00*
00
00
00*
$14,440 00 $14,000 00
* Legal investments when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
13
10
30
30
45
Par Value.
Columbian N’l Bank, Boston,.
Market Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
State National Bank, Boston, .
Georgetown N’l Batik, George
town, ..................................
$1,300
1,000
3,000
3,000
Estimated
Market Value.
$1,500
1,000
3,090
3,600
00
00
00
00
Amount Invested.
$1,300
1,000
3,000
3,000
00
00
00 ,
00
4,500
4,950 00
4,500 00
$12,800
$14,140 00
$12,800 00
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 4s, .
N. Y. & N. E. R.R. (terminal) 4s, .
Estimated
Market Value.
Amount Invested.
$6,000
5,000
$6,000 00
5,000 00
$6,000 00
5,000 00
$11,000
$11,000 00
$11,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$9,319
832
5,923
8,300
Rate.
73
82
19
00
3 per cent.
H
“
o 9__ k
ö 16
4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$52,500
11,000
45,200
14,000
00
00
00
00
Rate.
its per cent.
4|
5
5|
«
“
Amount.
$33,096
306,291
4,270
31,625
00
45
00
15
Rate.
5 i per cent.
6
“
6h
“
7
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
217
Value, by books, o f real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1891,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 341
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate............................................................320
Gross amount o f interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891,
..............................................................................
$6,536 30
6,850 00
171 25
285,032 60
30,323 96
Times for the dividends fixed by the by-law s: third Wednesday in April
and October.
Rate and amount of eachsemi-annual dividend during the i 2$per cent., f
year ending Oct. 31, 1 8 9 1 , .......................................................... J 2^ per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 172
Number of accounts closed during the year ending Oct. 31, 1891,
.
89
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,366
Total expenses o f the corporation for the year ending Oct. 31, 1891 (ex
clusive of ta x e s ),...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.......................................................................................................
Number of s a m e , ................................................................................................. 835
Amount of withdrawals, including dividends, during the Vfear ending Oct.
31, 1891...............................................................................................................................
Number of s a m e , .................................................................................................649
Date o f examination by commissioner: M ay 21.
10,982 90
12,731 14
1,075 59
77,107 34
50,126 19
Co m m o n w ea lth o r M assa ch u setts.
E ssex,
• Nov. 7,
ss.
1891.
Personally appeared Orlando B . Tenney, Treasurer o f the Georgetown Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
C h a s . E. J e w e t t , Justice o f the Peace.
N o v . 7, 1891.
ss .
Personally appeared Jeremiah P. Jones, President, and L. P. Palmer, Sherman
Nelson, Joseph E . Bailey, Lewis H . Bateman, Henry P. Chaplin, and Oliver S. Butler,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
C h a s . E . J e w e t t , Justice o f the Peace.
218
[Pub. D oc
R E P O R T O F TH E
GRAFTON SAVINGS B A N K -G R A F T O N .
Incorporated March 13, 1869.
Present number of corporators, 52.
G e o r g e K . N ic h o l s , President.
H enry F. W
H en ry F. W
in g ,
in g ,
Treasurer.
Clerk o f the Corporation.
Names o f committee charged with the investment of its funds:
G e o r g e K . N ic h o l s ,
H o r a c e S. W
D a n ie l N . G ib b s ,
J o sep h A . D o d g e ,
S il a s Y
arren,
in t o n .
Open for business every business day, except Saturday, 9 a .m . to 12 m ., 1 to 4
p .m
.;
Saturday, 9 a . m . to 12 m .
B a l a n c e Sh e e t , O cto ber
A ssets .
Bank stock as per schedule,
Loans on bank stock,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
31, 1891.
L ia b il it ie s .
$37,409
7,280
88,245
83,560
99
00
00
00
Deposits, .
Guaranty fund,
Interest account,
$255,268 30
7,600 00
12,632 45
19,051 38
38,000 00
1,954 38
$275,500 75
$275,500 75
Cash on Deposit in Banks, amount in each: —
Millbury National Bank, Millbury.............................................................................. $10,000 00
First National Bank, G r a f t o n , ...............................................................................
13,000 00
Grafton National Bank, G r a fto n ,..............................................................................
11,954 38
First National Bank, Worcester, ...............................................................................
5,000 00
Loans on Bank Stock, amount on each: —
On 40 shares First National Bank, G ra fto n ,........................................................... $3,880 00
On 38 shares Grafton National Bank, G r a f t o n , .................................................
3,400 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K COM M ISSIONERS
219
No. Of
Shares.
Detailed Statement of Bank Stocks.
30
30
20
10
13
15
10
38
28
14
5
5
3
10
5
10
76
Par Value.
N’l B’k of Redemption, Boston,
National Revere Bank, Boston,
State National Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Nat’l Webster Bank, Boston, .
Howard Nat’l Bank, Boston, .
North National Bank, Boston,
Market Nat’l Bank, Boston, .
N ’l B’k of No. America, Boston,
Traders’ Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Massachusetts N’l B’k, Boston,
National City Bank, Boston, .
Eliot National Bank, Boston, .
Fourth National Bank, Boston,
Spencer Nat’l Bank, Spencer,
Grafton Nat’l Bank, Grafton, .
$3,000
3,000
2,000
1,000
1,300
1,500
1,000
3,800
2,800
1,400
500
500
300
1,000
500
1,000
7,600
$32,200
Estimated
Market Value.
$3,855
3,195
2,500
1,260
1.300
1,670
1,395
3,800
3,500
1,400
515
545
300
1,250
620
1,200
9,120
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$37,425 00
$4,187
3,814
2,040
1,222
1,476
1,744
1,206
4,276
3,200
1,949
550
677
363
1,230
500
1,000
7,972
75
00
00
75
12
50
25
00
25
50
00
12
25
00
00
00
50
$37,409 99
Total Amount o f Loans with Each Specified Bate o f Interest.
Amount.
$57,051 00
83,560 00
Bate.
Amount.
4 per cent.
4h
“
$36,780 00
Bate.
5 per cent.
Amount.
$58,745 38
Bate.
6 per cent.
Number of loans which are o f an amount not exceeding $3,000 each,
73
Aggregate amount of the s a m e , ..............................................................................$76,760 00
Total number of loans upon real e s t a t e , ................................................ 75
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend during the 1 2 per cent., r
year ending Oct. 31, 1 8 9 1 , ..........................................................I 2 per cent., j
Number of accounts opened during the year ending Oct. 31, 1891,
.
92
Number of accounts closed during the year ending Oct. 31, 1891,
.
55
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 842
Total expenses o f the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number o f s a m e , ....................................... ......... ................................................ 427
11,093 56
4,865 80
5,044 30
106 50
35,844 46
Amount o f withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ................................................. .........
,
. 358
Date of examination by commissioner : January 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31,170 57
220
R E P O R T O F TH E
Com m onw ealth
W
of
[Pub. D oc.
M a s sa c h u s e t t s ,
Nov. 19, 1891.
o rcester, ss.
Personally appeared Henry F. W ing, Treasurer of the Grafton Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment o f all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
W
o r c e s t e r , ss .
D. W
eb ster
N o r c r o s s , Justice o f the Peace.
Nov. 19, 1891.
Personally appeared George K . Nichols, President, and Geo. W . Fisher, Joseph A .
Dodge, Clarence R . Pratt, Silas Vinton, Alden M. Bigelow and B . A . Jourdan, trustees
of said corporation, and severally made oath that the annexed report is correct, accord
ing to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
D . W e b s t e r N orcr oss , Justice o f the Peace.
No. 8 .]
221
SA Y IN G S B A N K COM M ISSIONERS
GRANITE SAVINGS B A N K — ROCKPORT.
Incorporated March 21, 1884.
Present number of corporators, 44.
E b e n G. A b b o t t , President.
W
il l ia m
N a t h a n ie l R ic h a r d s o n , Jr., Treasurer.
H . C o l b y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
E ben G. A bbott,
F r a n c is T a r r ,
G rafton B utm an,
H ir a m J. P h il b r o o k ,
G eorge A . L o w e.
Open for business Wednesday and Saturday, 10
B a l a n c e Sh e e t , O c t o b e r
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposit in bank, not on interest,
Expense account,
F u r n itu r e ,.......................................
Cash on hand, .
.
.
.
a .m .
to 12 m ., 2 to 3 p.m.
31, 1891.
L ia b ilit ie s .
$21,217
5,043
11,705
48,601
8,600
1,227
42
95
41
50
00
00
00
00
17
45
00
79
$96,572 91
Deposits, . . .
Guaranty fund,
$95,847 91
725 00
$96,572 91
Cash on Deposit in Banks : —
Rockport National Bank, Rockport,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,227 17
222
[Pub. D oc.
R E P O R T O F TH E
Detailed Statement o f Public Funds.
Par Value.
Town of Tilton, N. H , 6s,
City of Keene, N. H , 4s, .
Town of Clinton, Mass , 4s,
City of Waltham, Mass , 4s,
County of Merrimack, N. H., 4s,
City of Cleveland, Ohio, 6s, .
of East Saginaw, Mick., 5s,
of Scranton, Pa., 5s,
of Bay City, Mich., 5s,
of Springfield, Ohio, 5s, .
of Pawtucket, R. I., 4s, .
of Bangor, Me., 6s, .
of Peoria, 111., 7s,
of Sioux City, Iowa, 4|s,
of Boston, Mass , 6s,
$500
500
1,000
1,000
1,000
3,000
2,000
1,000
1,000
2,000
2,000
1,000
1,000
1,000
2,000
$20,000
Estimated
Market Value.
$547
514
1,031
1,027
1,025
3,234
2,047
1,100
1,016
2,099
2,220
1,035
1,180
1,037
2,105
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
$21,217 50
Amount Invested.
$547
514
1,031
1,027
1,025
3,234
2,047
1,100
.1,016
2,099
2,220
1,035
1,180
1,037
2,105
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
$21,217 50
Shares.
No. of
Detailed Statement o f Bank Stocks.
8
4
23
1
Par Value.
Gloucester N’l B’k, Gloucester,
Cape Ann N’l B’k, Gloucester,
Rockport N’l B’k, Rockport,
Gloucester Loan & Trust Company, Gloucester,
Estimated
Market Value.
Amount Invested.
$800
400
2,300
$1,096 00
582 00
3,265 00
$1,096 00
582 00
3,265 00
100
100 00
100 00
$3,600
$5,043 00
$5,043 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 7s, .
Fitchburg R R. 4s, .
Fitchburg R.R. 5s, .
Boston & Lowell R.R. 6s,
Maine Central R R. 7s,
Maine Central R.R. 6s,
Old Colony R.R. 7s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000
2,000
3,000
1,000
1,000
1,000
1,000
$11,000
Estimated
Market Value.
$2,086
2,054
3,119
1,089
1,144
1,144
1,068
00
00
00
00
50
50
00
$11,705 00
Amount Invested.
$2,086
2,054
3,119
1,089
1,144
1,144
1,068
00
00
00
00
50
50
00
$11,705 00
No. 8 .]
223
SA Y IN G S B A N K CO M M ISSION ERS.
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$8,300 00
Rate.
Rate.
Amount.
5 per cent.
$2,000 00
5j| per cent.
Rate.
Amount.
$46,901 00
6 per cent.
Number o f loans which are of an amount not exceeding $3,000 each,
85
$57,201 00
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real estate............................................................77
Gross amount of interest or profits received or earned, as per books, during
3,928 01
year ending Oct. 31, 1 8 9 1 ,........................................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
1,471 83
Rate and amount of each semi-annual dividend during the i 2 per cent., t
1,620 88
year ending Oct. 31, 1891.................................................................j 2 per cent., {
Number of accounts opened during the year endingOct. 31, 1891,
. 138
Number of accounts closed during the year endingOct. 31, 1891,
. 63
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 619
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ....................................... • ...................................................
Number of s a m e , ............................................................................................ 546
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number o f s a m e , ............................................................................................ 299
Date of examination by commissioner: August 12.
Com m onw ealth
E
of
247 45
34,721 56
20,077 88
M assa ch u setts.
N o v . 13, 1891.
ssex, ss.
Personally appeared Nathaniel Richardson, Jr., Treasurer of the Granite Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
Z eno A. A p p l e t o n , Justice o f the Peace.
N o v . 13, 1891.
ss.
Personally appeared Eben G. Abbott, President, and Henry H . Thurston, W illiam
H . Colby, Roger H . Tarr, J. L. Woodfall and Geo. A . Lowe, trustees of said corpora
tion, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Z eno A . A p p l e t o n , Justice o f the Peace.
224
GREAT
E E P O E T O F TH E
BARRINGTON
SAVINGS
RINGTON.
Incorporated Feb. 3, 1869.
G e o r g e C h u r c h , President.
M e r r it t I. W
[Pub. D oc.
BANK - GREAT BAR
Present number of corporators, 46.
C h a r l e s J. T a y l o r , Treasurer.
h eeler,
Clerk o f the Corporation.
Names of committee charged with the investment o f its funds:
A . C h a l k l e y C o l l in s ,
A l f r e d S. F a s s e t t ,
J o h n C. W h e e l e r ,
C h a r l e s J. P o t t e r ,
C h a r l e s J. T a y l o r .
Open for business every business day, 9
a .m .
B a l a n c e Sh e e t , O c t o b e r
to 12
., 1 to 3
p .m .
31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
.
.
Railroad bonds as per schedule,
Loan on railroad stock,
Real estate (for banking pur
poses),
.......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Deposit in bank, noton interest, .
Expense account,
Cash on hand,
.
.
.
.
m
L iab ilities .
$10,000
49,576
1,840
36.000
7.500
00
92
84
00
00
13.000
4,869
274,533
44,489
00
13
53
75
8.500
17,730
3,009
1,467
361
00
55
49
77
89
Deposits, .
Guaranty fund,
Interest account,
$472,879 87
$443,728 77
14,350 00
14,801 10
$472,879 87
Cash on Deposit in Banks, amount in each : —
National Bank o f Redemption, Boston,
.
.
.
.
Maverick National Bank, B o s t o n , .......................................
$449 29
349 36
Springfield Safe Deposit and Trust Company, Springfield, .
National Mahaiwe Bank, Great Barrington,
16,931 90
3,009 49
Loans on Bank Stock, amount on each: —
On
On
On
On
5 shares National Mahaiwe Bank, Great Barrington,
6 shares National Mahaiwe Bank, Great Barrington,
10 shares National Mahaiwe Bank, Great Barrington,
20 shares National Mahaiwe Bank, Great Barrington,
.
.
$240
500
500
600
84
00
00
00
Loan on Railroad Stock: —
On 50 shares Boston & Albany R . R . , .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7,500 00
No. 8 .]
225
S A Y IN G S B A N K COM M ISSION ERS
Detailed Statement o f Public Funds.
Par Value.
City of Bridgeport, Conn., 3|s,
Estimated
Market Value.
$9,500 00
$ 1 0 ,0 0 0
Amount Invested.
$ 1 0 ,0 0 0 0 0 *
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
10
13
59
19
10
54
66
14
42
25
40
48
3
3
Par Value.
First National Bank, Adams, .
Faneuil Hall N’l Bank, Boston,
Suffolk National Bank, Boston,
N’l B’k of Redemption, Boston,
Hamilton Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston,
New England N’l B’k, Boston,
Shoe & Leather N’l Bk, Boston,
National Union Bank, Boston,
N’l B’k of No. America, Boston,
Merchants’ Nat’l Bank, Boston,
National Mahaiwe Bank, Great
Barrington, .
.
.
.
Lee National Bank, L ee,.
Pittsfield Nat’l Bank, Pittsfield,
HousatonicN’l B’k,Stockbridge,
Estimated
Market Value.
Amount Invested.
$1,000
1,000
1,300
5,900
1,900
1,000
5,400
6,600
1,400
4,200
2,500
$1,300
1,400
1,339
7,375
2,280
1,400
8,640
6,072
1,960
5,166
3,700
00
00
00
00
00
00
00
00
00
00
00
$1,280
1,300
1,300
7,080
2,227
1,345
7,290
6,600
1,890
4,200
3,392
00
00
00
00
75
00
00
00
00
00
50
4,000
4,800
300
300
5,200
6,480
480
480
00
00
00
00
5,000
5,816
405
450
00
67
00
00
$41,600-
$53,272 00
$49,576 92
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 7s,
Boston & Albany R.R. 6s,
Boston & Lowell R R 7s,
Boston & Lowell R.R. 4s,
Boston & Providence R R. 7s, .
Boston & Maine R R . 4s,
Old Colony R.R, 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
1,000
3.000
10,000
2,000
10,000
5,000
$36,000
Estimated
Market Value.
$5,037
1,006
3,037
10,000
2,026
10,265
5,150
00
00
00
00
00
00
00
$36,521 00
Amount Invested.
$5,000
1,000
3,000
10,000
2,000
10,000
5,000
00
00
00
00
00
00
00
$36,000 00
226
[Pub. D oc
R E P O R T O F TH E
Total Amount of Loans with Each Specified Bate of Interest.
Amount.
$798 65
16,931 90
Rate.
Amount.
Rate.
Amount.
2¿ per cent.
4
“
$199,998 33
5 per cent.
$136,865 79
Rate.
6 per cent.
Amount invested in real estate for banking purposes,
.
.
.
.
$13,000 00
Estimated value of the s a m e , ........................................................... .........
.
13,000 00
Net income received from same during the year ending Oct. 31, 1891,
.
479 12
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,....................................................................................................................
4,869 13
Assessed value of the s a m e , .......................................................................
5,878
00
Number of loans which are o f an amount not exceeding $3,000 each, 247
Aggregate amount of the s a m e , ...............................................................................
207,352 12
Total number of loans upon real e s t a t e , ................................................. 220
Amount of investments from which no income is received, .
.
.
.
277 00
Gross amount o f interest or profits received or earned, as per books, during
the year ending Oct. 31, 1891......................................................................................
22,273 38
Times for the dividends fixed by the by-laws : first Thursday m January
and July.
Rate and amount of each semi-annual dividend during the 1 2 per cent., j
8,103 99
year ending Oct. 31, 1891................................................................) 2 per cent., 1
8,103 76
Number of accounts opened during theyear ending Oct.31, 1891,
. 315
Number of accounts closed duringthe year endingOct. 31, 1891,
. 277
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,922
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes), ............................................................................................................
2,009 18
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891, .
.............................................................................. ..........
94,622 18
Number of s a m e , ............................................................................... 1,452
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1891......................................................................................................................
95,301 18
Number of s a m e , ............................................................................... 1,117
Date of examination by commissioner: September 30.
C om m onw ealth
B e r k s h ir e ,
ss .
of
M assach usetts.
N ov . 6, 1891.
Personally appeared Charles J. Taylor, Treasurer of the Great Barrington Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
B e r k s h i r e , ss.
D e m p s t e r J. C o l e m a n , Justice o f the Peace.
N ov . 6, 1891.
Personally appeared George Church, President, and A . S. Fassett, W ard Lewis,
C. J. Burget, E . B . Culver and John C. Wheeler, trustees o f said corporation, and
severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
D e m p s t e r J. C o l e m a n , Justice o f the Peace.
No. 8 .]
227
SA Y IN G S B A N K CO M M ISSION ERS.
GREENFIELD SAVINGS B A N K — GREENFIELD.
Incorporated March 19, 1869.
Present number of corporators, 30.
R o b e r t A b e r c r o m b ie , President.
A l b e r t M . G l e a so n , Treasurer.
C h e s t e r C . C o n a n t , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W il l ia m A . F o r b e s,
Ch as. R . L o w ell,
S. B . S l a t e .
Open for business every business day, 9
A . M . G leason,
L e v i J. G u n n ,
a .m .
B a l a n c e Sh e e t , O c t o b e r
p . m .,
2 to 4
p .m .
31, 1891.
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stocks, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures,
Interest due,
.
.
.
.
Premium account,
Cash on hand,
.
.
.
.
to 12.30
$174,500
130,800
28,915
52.000
1,000
10,235
890,191
255,104
00
00
00
00
00
44
87
68
19,400
1,000
93,732
4,320
1,305
1,000
508
30.000
675
00
00
45
84
95
00
51
00
02
$1,694,689 76
Deposits, .
Guaranty fund,
Profit and loss
count, .
$1,648,126 17
44,300 00
ac
2,263 59
$1,694,689 76
Cash on Deposit in Banks, amount in each : —
Adams National Bank, North Adams, .
Athol National Bank, Athol, .
.
.
.
Conway National Bank, Conway, .
National Bank of Commerce, Boston, .
City National Bank, Holyoke,
Franklin County National Bank, Greenfield,
Merchants National Bank, Rutland, V t.,
Old Boston National Bank, Boston,
Packard National Bank, Greenfield,
Peoples National Bank, Brattleboro’ , V t.,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
5,000
3,253
4,206
15,000
12,644
00
00
25
51
00
23
10,000 00
114 33
17,465 02
10,369 95
228
R E P O E T O P TH E
[Pub. D o c.
Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
5 shares First National Bank, Northampton, .
5 shares Conway National Bank, Conway,
1 share Franklin County National Bank, Greenfield,
5 shares First National Bank, Amherst, .
.
.
.
125 shares Traders’ National Bank, Boston, .
3 shares Franklin County National Bank, Greenfield,
On
On
On
On
On
On
34 shares Shelburne Falls National Bank, Shelburne Falls,
10 shares Shelburne Falls National Bank, Shelburne Falls,
100 shares Home National Bank, Holyoke,
24 shares Packard National Bank, Greenfield,
16 shares Conway National Bank, Conway, .
8 shares Conway National Bank, Conway,
$500 00
475 00
90 00
500 00
10,000 00
250 00
2,900 00
100 00
10,000 00
2,000 00
1,300 00
800 00
.
Loan on Railroad Stock: —
O
o
£
On 10 shares Boston & Albany R . R . , .......................................
00
Detailed Statement o f Public Funds.
Par Value.
City of Des Moines, Iowa, 5s,.
of Milwaukee, Wis., 7s, .
Town ol Pittsfield, Mass., 4|s,
of Rutland, Vt., 4Js,
of West Rutland, Vt., 5s,
City of Sioux City, Iowa, 4^s,
$9,000
18,000
65.000
40.000
17,500
25.000
$174,500
Estimated
Market Value.
$9,090
18,900
66,300
41,200
19,250
25,000
00
00
00
00
00
00
$179,740 00
Amount Invested.
$9,000
18,000
65.000
40.000
17,500
25.000
00
00
00
00'
00
00
174,500 00
Shares
No. of I
I
Detailed Statement o f Bank Stocks.
37
48
13
6
18
42
38
15
10
3
50
20
52
12
41
34
Par Value.
Athol Nat’l Bank, Athol,
Nat’l Revere Bank, Boston,
N’l Hide & Leather B’k,Boston,
National City Bank, Boston, .
Market Natl Bank, Boston, .
Eliot Natl Bank, Boston,
Merchants’ N1 Bank, Boston,
Howard Natl Bank, Boston, .
Second National Bank, Boston,
Washington N’l Bank, Boston,
Metropolitan N’l B’k, Boston,
South End Natl Bank, Boston,
N’l B’k of Redemption, Boston,
First Nat’l Bank, Chicopee, .
Conway Natl Bank, Conway,
First Nat’l Bank, Greenfield, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,700
4,800
1,300
600
1,800
4,200
3,800
1,500
1,000
300
5,000
2,000
5,200
1,200
4,100
3,400
Estimated
Market Value.
$3,885
5,100
1,625
600
1,800
5,250
5,700
1,665
1,860
357
4,500
2,040
6,609
1,800
5,125
6,800
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$3,700
4,800
1,300
600
1,800
4,200
3,800
1,500
1,000
300
5,000
2,000
5,200
1,200
4,100
3,400
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
No. 8 .]
229
S A Y IN G S B A N K CO M M ISSION ERS.
No. of
Shares.
Detailed, Statement o f Bank Stocks — Concluded.
138
50
14
15
21
60
50
67
110
45
70
3
50
36
25
15
50
50
Estimated
Par Value.
Holyoke Nat’l Bank, Holyoke,
City Nat’l Bank, Holyoke,
Hadley Falls N ’l B’k, Holyoke,
Hampshire County Nat’l Bank,
Northampton,
First N’l Bank, Northampton,
Berkshire N’l B’k, No. Adams,
Orange Nat’l Bank, Orange, .
Palmer Nat’l Bank, Palmer, .
Third Nat’l Bank, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,
Chicopee N’l B’k, Springfield,
Agawam N’l B’k, Springfield,
Second N’l Bank, Springfield,
Chapin N’l Bank, Springfield,
Crocker N’l B’k, Turner’s Falls,
Winchester National Bank,
Winchester, N. H.,
First Nat’l Bank, Westfield, .
Market Value.
$13,800
5,000
1,400
$22,080 00
5,500 00
2,380 00
1,500
2,100
6,000
5,000
6,700
11,000
4,500
7,000
300
5,000
3,600
2,500
1,500
1,875
2,730
6,600
8,000
9,380
22,550
6,750
9,800
540
5,500
5,472
4,000
1,875
5,000
5,000
$130,800
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
5,500 00
6,750 00
$13,800 00
5,000 00
1,400 00
1,500
2,100
6,000
5,000
6,700
11,000
4,500
7,000
300
5,000
3,600
2,500
1,500
00
00
00
00
00
00
00
00
00
00
00
00
00
5,000 00
5,000 00
$181,998 00 $130,800 00
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 5s, .
Fitchburg R.R. 7s, .
Newport & Richford R R. 5s, .
Boston & Albany R R. 7s,
Boston & Lowell R.R. 7s,
Boston & Maine R.R. 7s,
Estimated
Market Value.
$16,000
12,000
10,000
7.000
2.000
5,000
$16,640
12.500
10.500
7,043
2,020
5,150
00
00
00
75
00
00
$52,000
$53,853 75
Amount Invested.
$16,000
12,000
10,000
7.000
2.000
5,000
00
00
00*
00
00
00
$52,000 00
* A legal investment when made.
Total Amount o f Loans with Each Specified Rate of Interest.
Kate.
Amount.
$28,732 45
20,000 00
3 per cent.
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$35,000 00
1,052,640 22
Kate.
Amount.
Rate.
4¿ per cent.
5
“
$53,200 00
99,771 33
5¿ per cent.
6
REPORT
230
O F TH E
[Pub. D oc.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each,
$10,235 44
7,804 00
350 00
660
Aggregate amount of the s a m e , ..............................................................................
Total number o f loans upon real e s t a t e , ................................................ 561
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend during the 12 per cent., f
year ending Oct. 31, 1891................................................................I 2 per cent., (
Number of accounts opened during the year ending Oct. 31, 1891,
. 746
Number of accounts closed during the year ending Oct. 31, 1891,
. 498
Total number of open accounts Oct. 31, 1891, ■ .
.
.
.
3,806
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
609,976 35
8,000 00
84,711 80
29,473 27
30,500 41
4,155 47
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , .................................................................................................3,063
Am ount of withdrawals, including dividends, during the year ending Oct.
378,261 65
31, 1891...............................................................................................................................
Number of s a m e , .................................................................................................2,471
Date of examination by commissioner: October 15.
309,038 75
Com m onw ealth
F r a n k l in ,
ss .
of
M a s sa c h u s e t t s .
N o v . 13, 1891.
Personally appeared Albert M . Gleason, Treasurer o f the Greenfield Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
F r a n k l i n , ss.
F r e d e r i c k L . G r e e n e , Justice o f the Peace.
Nov. 13, 1891.
Personally appeared Robert Abercrombie, President, and W illiam A . Forbes, L. J.
Gunn, S. B . Slate, Chester C. Conant and Charles R . Lowell, trustees of said corpora
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
F r e d e r i c k L . G r e e n e , Justice o f the Peace.
No. 8 .]
231
SA Y IN G S B A N K COM M ISSION ERS.
HAMPDEN SAVINGS BANK — SPRINGFIELD.
Incorporated April 13, 1852.
Present number of corporators, 41.
J o h n M u l l ig a n , President.
P. S. B a i l e y , Treasurer.
P. S. B a i l e y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
F . S. B a i l e y ,
John M u l l ig a n ,
R . F. H a w k in s ,
A . J. W
Open for business every business day, 9
B a la n c e Sh e e t , O ctober
a .m .
to 4
p .m .
31, 1891.
L ia b ilit ies .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loan on railroad bonds,
Loans on radroad stocks, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
.
.
Cash on hand, .
.
.
.
r ig h t .
$50,000
299.165
31,985
150.000
1,000
80,200
87,806
1,134,050
537,237
500
120.000
42,378
2,406
13,171
00
00
00
00
00
00
26
00
00
00
00
62
95
22
$2,549,900 05
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count,
$2,435,969 53
72,000 00
9,242 90
32,687 62
$2,549,900 05
Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, Springfield,
Agawam National Bank, Springfield,
Conway National Bank, Conway, .
Holyoke National Bank, Holyoke,
Chapin National Bank, Springfield,
Hancock National Bank, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.......................................................... $50,000
..........................................................
68,245
.......................................................... 5,000
...........................................................10,000
...........................................................15,186
.
........................................................... 13,947
00
17
00
00
20
25
232
R E P O R T O F TH E
[Pub. D oc
Loans on Bank Stock, amount on each : —
On
On
On
On
On
25 shares Chapin National Bank, Springfield,
30 shares City National Bank, Springfield,
6 shares Saybrook National Bank,,Essex, Conn., .
50 shares Holyoke National Bank, Holyoke, .
5 shares Ware National Bank, Ware,
j
$5,300 00
500
5.000
225
2,500
On 25 shares Third National Bank, Springfield, . * .
On 8 shares Chapin National Bank, Springfield, .
On 2 shares Chicopee National Bank, Springfield,
On 7 shares City National Bank, Springfield,
On 20 shares Agawam National Bank, Springfield,
On 30 shares Hampshire County National Bank, Northampton,
On 15 shares Second National Bank, Springfield,
On 10 shares Third National Bank, Springfield, .
On 20 shares Third National Bank, Springfield, .
On 24 shares Agawam National Bank, Springfield,
On 10 shares Second National Bank, Springfield,
On 25 shares Chapin National Bank, Springfield,
On 10 shares Chapin National Bank, Springfield,
On 10 shares First National Bank, Springfield,
On 6 shares Agawam National Bank, Springfield,
J
00
00
00
00
960 00
700 00
1,800 00
3.000 00
j
2,500 00
2.000 00
2,000 00
j
3,000 00
1,000 00
1,000 00
500 00
Loan on Railroad Bonds : —
On $1,000 Boston & Albany R
.R
. , ..................................................................... $1,000 00
Loans on Railroad Stock, amount on each : —
On
On
On
On
On
On
On
On
5 shares Connecticut River R . R . , ................................................................................. $700
100 shares Connecticut River R . R . , ...........................................................
15,000
5 shares Connecticut River R . R . , .....................................................................
500
5 shares Connecticut River R . R . , .....................................................................
300
15 shares Connecticut River R . R . , .....................................................................
1,000
10 shares Boston & Albany R .R ............................................................................
1,500
10 shares Boston & Albany R .R ............................................................................
1,700
15 shares Boston & Albany R . R . , .....................................................................
2,000
On
On
On
On
On
On
On
16 shares Boston & Albany R . R . , ....................................................................
50 shares Boston & Albany R . R . , .....................................................................
22 shares Boston & Albany R . R . , .....................................................................
56 shares New Y ork, New Haven & Hartford R .R .,
.
.
.
.
4 shares New Y ork, New Haven & Hartford R .R .,
.
.
.
.
100 shares Old Colony R . R . , ...............................................................................
100 shares Boston & Providence R .R ..................................................................
00
00
00
00
00
00
00
00
2,500 00
7,500 00
3,000 00
9,00000
50000
15,000 00
20,000 00
Detailed Statement o f Public Funds.
Par Value.
United States 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
Estimated
Market Value.
Amount Invested.
$58,500 00
$50,000 00
No. 8 .]
S A Y IN G S
233
B A N K CO M M ISSION ERS
No. of
Shares.
Detailed Statement o f Bank Stocks.
28
75
230
75
75
40
50
37
50
50
50
50
50
50
63
57
33
158
40
02
66
30
40
50
85
74
65
50
230
423
50
75
Par Value.
First National Bank. Boston, .
N’l Hide & Leather B’k, Boston,
Merchants’ Natfi Bank, Boston,
N’l B’k of Commerce, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
N’l B’k of the Republic, Boston,
Suffolk Nat’l Bank, Boston,
Continental N’l Bank, Boston,
N’l B’k of Redemption, Boston,
Freeman’s Nat’l B’k, Boston, .
State National Bank, Boston, .
N’l B’k of N. America, Boston,
Eliot National Bank, Boston, .
Shawmut Nat’l Bank. Boston,
First National Bank, Chicopee,
Franklin Co.N’l B’k, Greenfield,
Holvoke Nat’l Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
Monson N’l Bank, Monson,
Hampshire County National
Bank, Northampton, .
First N’l Bank, Northampton,
First N’l Bank, Norwich, Ct.,
Uircas N’l Bank, Norwich, Ct.,
Thames N’l B’k, Norwich, Ct.,
Third N’l Bank, Springfield,
Pynchon N’l B’k, Springfield,
First Nat’l Bank, Springfield,
Chapin N’l Bank, Springfield,
Agawam N’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
Ware National Bank, Ware, .
Estimated
Market Value.
Amount Invested.
$2,800
7,500
23,000
7,500
7,500
4,000
5,000
3,700
5,000
5,000
5,000
5,000
5,000
5,000
6,300
5,700
3,300
15,800
4,000
2,000
$6,748
9,300
34,500
9,600
7,950
4,000
8,000
3,922
6,450
6,350
5,000
6,050
6,200
6,100
7,938
8,550
3,300
26,860
6,000
3,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$2,800
7,500
27,210
10,865
7,500
4,292
6,300
4,500
5,300
6,700
5,900
5,900
5,700
6,100
7,600
7,470
4,550
16,336
4,732
2,200
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
6,600
3,000
4,000
2,500
8,500
7,400
6,500
5,000
23,000
42,300
5,000
7,500
8,250
4,200
4,400
2,750
13,600
15,540
11,375
7,000
34,500
46,530
8,600
9,000
00
00
00
00
00
00
00
00
00
00
00
00
7,225
3,000
5,180
2,900
12,285
11,560
10,985
6,525
24,700
46,700
8,600
10,050
00
00
00
00
00
00
00
00
00
00
00
00
$249,400
$341,563 00
$299,165 00
Detailed Statement of Railroad Bonds.
Boston & Providence R R. 4s, .
N. Y. & N. E. R.R. (terminal) 4s, .
Holyoke & Westfield R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
50,000
50,000
$150,000
Estimated
Market Value.
iVmouiii Jnvcätcd.
$55,000 00
56,000 00
51,000 00
$50,000 00
50,000 00
50,000 00
$162,000 00 $150,000 00
[Pub. D oc.
R E P O R T O F TH E
234
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount-
Rate.
4 per cent.
$95,000 00
4| per cent.
Amount.
$220,000 00
Rate.
Amount.
5 per cent.
$1,589,972
Value by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
Net income received from same during the year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each,. 329
Aggregate amount of the s a m e , ..............................................................................
Total number o f loans upon real e s t a t e , ................................................. 354
Gross amount of interest or profits received or earned, as per books, during
$87,806 26
69,400 00
2,400 16
452,322 00
114,138 31
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : February 15 and August 15.
45,608 10
Rate and amount of each semi-annual dividend during the ) 2 per cent., r
46,390 07
year ending Oct. 31, 1891................................................................ ' 2 per c e n t.,!
Number of accounts opened during the year ending Oct. 31, 1891,
1,031
Number of accounts closed during the year ending Oct. 31, 1891,
. 830
Total number of open accounts Oct. 31, 1891,
.
.
.
.
4,870
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
8,594 20
sive o f taxes),
..........................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number of s a m e , ....................................................................................... 4,371
Amount of withdrawals, including dividends, during the year ending Oct.
477,255 26
31, 1 8 9 1 , ....................................................................................................................
Number o f s a m e , .......................................................................................3,456
Date of examination by commissioner: June 27.
468,502 66
Co m m o n w ea lth
H am pden,
ss .
of
M assach u setts.
N ov . 2, 1891.
Personally appeared P. S. Bailey, Treasurer o f the Hampden Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
H am pden,
ss .
J. B. P h e l p s , Justice o f the Peace.
N ov . 5, 1891.
Personally appeared John Mulligan, President, and H . S. Hyde, T . M . Brown,
F . E . Carpenter, F . S. Bailey, R . F . Hawkins and A . J. W right, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J. B . P h e l p s , Justice o f the Peace.
No. 8 .]
235
SA Y IN G S B A N K CO M M ISSION ERS.
HAMPSHIRE SAVINGS BANK — NORTHAMPTON.
Incorporated May 19, 1869.
J o se p h u s C r a f t s , President.
L e w is W
Present number of corporators, 32.
L e w is W
arner,
arner,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
J o se p h u s C r a f t s ,
W i l l i a m H . D ic k in s o n ,
W e b ste r H e r r ic k ,
J. H . D e m o n d ,
H e n r y A . K im b a l l .
Open for business every business day, 9
B a l a n c e Sh e e t , O cto ber
a .m . to
p .m .
31, 1891.
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad stocks, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.
3
$28,000
193,210
12,250
30,000
2,300
712,372
65,050
00
42
00
00
00
$1,051,835 61
26,500 00
3,678 8 8
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
13,026
86
84
00
28,500 00
18,752 20
3,096 6 6
1,509 23
$1,095,041 35
$1,095,041 35
Cash on deposit in B a n k : —
Hampshire County National Bank, Northampton,
.
$18,752 20
Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On
On
17 shares Hampshire County National Bank, Northampton,
5 shares Northampton National Bank, Northampton, .
12 shares First National Bank, Northampton,
55 shares First National Bank, Easthampton,
5 shares First National Bank, Greenfield,
7 shares Franklin County National Bank, Greenfield, .
10 shares Conway National Bank, Conway, .
20 shares Home National Bank, Holyoke,
$1,700
00
200 00
1,000
5,500
500
550
1,000
1,800
00
00
00
00
00
00
Loans on Railroad Stock, amount on each : —
On 50 shares Connecticut River R . R . , .......................................
$ 2,000 00
On 2 shares Boston & Albany R . R . , .......................................
300 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. D oc
R E P O R T O F TH E
236
Detailed Statement o f Public Funds.
--------- -------- ——
—
m
—
-----Estimated
Par Value.
Northampton, Mass., 4s, .
$28,000
Market Value.
Amount Invested.
$28,560 00
$28,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
40
22
33
35
32
15
42
35
8
10
35
7
44
30
9
33
36
7
15
30
22
10
100
50
12
10
34
100
20
10
271
87
63
50
5
Estimated
Par Value.
North National Bank. Boston,.
National Bank of the Com
monwealth, Boston,
Blackstone Nat’l Bank, Boston,
Howard Natl Bank, Boston, .
Shawmut Natl Bank, Boston,.
N’l Hide & Leather B’k, Boston,
N’l B’k of Commerce, Boston,
Tremont Natl Bank, Boston, .
Continental N’l Bank, Boston,
N1 B’k of the Republic, Boston,
N1 B’k of No America, Boston,
Market Natl Bank, Boston, .
Mt. Vernon N’l Bank, Boston,
Globe National Bank, Boston,
Merchants’ N atl Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Atlas Natl Bank, Boston,
Eliot National Bank, Boston, .
Hamilton Natl Bank, Boston,
Massachusetts N’l B’k, Boston,
Suffolk Natl Bank, Boston, .
National Revere Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Third National Bank, Boston,
Second National Bank, Boston,
National Eagle Bank, Boston,
Manufacturers’ N’l B’k, Boston,
First National Bank, Chicopee,
First N’l Bank, Easthampton,
City National Bank, Holyoke,
Home Nat’l Bank, Holyoke, .
Hampshire County N atl Bank,
Northampton,
First N’l Bank, Northampton,
Northampton National Bank,
Northampton,
John Hancock National Bank,
Springfield, .
.
.
.
Chicopee N’l B’k, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
Market Value.
Amount Invested.
$13,925 00
$12,661 00
00
00
50
00
00
25
00
50
00
00
00
00
00
00
75
50
00
00
00
00
00
00
50
00
00
50
00
00
00
00
4,635
3,247
3,695
4,477
3,797
2,505
5,386
4,030
1,032
1,147
4,219
896
5,651
4,260
1,221
3,902
4,640
906
1,920
3,870
2,802
1,436
10,600
7,900
1,476
1,040
5,175
12,420
2,000
1,000
00
50
00
50
00
00
00
00
00
50
37
00
87
00
75
75
00
00
00
00
00
25
93
00
00
00
00
00
00
00
4,000
2,200
3,300
3,500
3,200
1,500
4,200
3,500
800
1,000
3,500
700
4,400
3,000
900
3,300
3,600
700
1,500
3,000
2,200
1,000
10,000
5,000
1,200
1,000
3,400
10,000
2,000
1,000
7,400
2,200
3,646
4,410
3,968
1,916
4,284
4,567
1,280
1,235
3,500
966
4,400
4,485
1,275
4,009
4,392
840
1,620
3,180
2,332
930
10,662
9,250
1,236
1,017
5,100
14,500
2,300
1,150
27,100
8,700
33,875 00
11,310 00
27,100 00
11,496 00
6,300
11,025 00
10,702 50
5,000
500
6,250 00
850 00
5,898 00
800 00
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
237
No. of I
Shares.
Detailed Statement o f Bank Stocks — Concluded.
Par Value.
36 Agawam N’l B’k, Springfield,
28 Mechanics’ N’l B’k, Worcester,
12 Ware National Bank, Ware, .
13 Union Nat’l Bank, Weymouth,
10 Berkshire N’l B’k, No. Adams,
5 Greylock Nat’l Bank, Adams,.
$3,600
2,800
1,200
1,300
1,000
500
Estimated
Market Value.
$3,600
3,080
1,440
1,560
1,050
750
Amount Invested.
00
00
00
00
00
00
$4,497
3,749
1,624
1,592
1,050
750
00
00
00
50
00
00
$156,600 $200,768 50 $193,210 42
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 4s, .
Boston & Providence R.R. 4s, .
Boston & Lowell R R. 4s,
Fitchburg R.R. 5s, .
$10,000
6,000
10,000
4,000
$30,000
Estimated
Market Value.
$9,750
6,120
10,000
4,280
Amount Invested.
00
00
00
00
$30,150 00
$10,000
6,000
10,000
4,000
00
00
00
00
$30,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$18,752 20
2 1 ,0 0 0
00
Itate.
Amount.
Rate.
Amount.
3^ per rent.
4
“
$72,300 00
4^ per cent.
$727,172 84
Kate.
5 per cent.
Number of loans which are o f an amount not exceeding $3,000 each, 412
Aggregate amount of the s a m e , .............................................................................. $460,907 84
Total number of loans upon real e s t a t e , ................................................. 428
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ...............................................................................
47,795 84
Times for the dividends fixed by the by-law s: May 15 and November 15.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
18,751 41
year ending Oct. 31, 1891, .
.
.
.
.
.
. J 2 per cent., I 19,418 18
Number of accounts opened during the year ending Oct. 31, 1891,
. 598
Number of accounts closed during the year ending Oct. 31, 1891,
. 442
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,569
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , ..................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3,096
66
238
R E P O R T O F TH E
[Pub. D oc.
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891............................................. <
................................................
Number o f same, .
.....................................................................2,182
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1891......................................................................................................................
Number of same............................................................................................... 1,952
Date of examination by commissioner: August 3.
Comm onw ealth
H a m p s h ie e ,
ss .
oe
$247,712 88
199,460 15
M assa ch u setts.
N o v . 9, 1891.
Personally appeared Lewis Warner, Treasurer of the Hampshire Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
H a m p s h ie e ,
ss .
J o h n B . O’ D o n n e l l , Justice o f the Peace.
N ov . 9,1 8 91 .
Personally appeared Josephus Crafts, President, and W illiam H . Dickinson, W . Her
rick, J. H . Demond, Horace Lamb, E . A . Edwards, W . A . Nash and Ansel W right,
trustees o f said corporation, and severally made oath that the annexed report is cor
rect, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o h n B. O ’D o n n e l l , Justice of the Peace
No. 8 .]
239
S A Y IN G S B A N K COM M ISSION ERS.
H AVERH ILL SAVINGS BANK — HAVERH ILL.
Incorporated Feb.
W
oodbury
8
, 1828.
Present number of corporators, 47.
N o y e s , Vice-President and Act. President.
F r e d W . C o f f in , Treasurer.
R a y m o n d N o y e s , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
E be n M it c h e l l ,
W oodbu ry N oyes,
J o h n L . H o bson .
Open for business every business day, except Saturday, 9 a .m. to 12 m., 2 to 3.30 p.m . ;
Saturday, 9 a .m. to 12 m.
B a l a n c e S h e e t , O c t o b e r 3 1 , 1 89 1 .
L ia b ilit ie s .
A ssets .
$662,600
40,000
504,550
60,450
515,000
20,650
77,400
Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loans on railroad stock, .
Railroad notes..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)............................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand,
.
.
1 0 0 ,0 0 0
00
00
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Premium account, .
$4,632,464 10
182,000 0 0
3,352 20
11,688 85
20,591 20
00
1,223,425 00
1,446,600 00
38.000 00
124,561 14
2 0 .0 0 0
00
16,860
21
$4,850,096 35
■
$4,850,096 35
Cash on Deposit in Banks, amount in each: —
$73,855 92
60,705 22
10,000 00
National Bank of Redemption, Boston,
Haverhill National Bank, Haverhill,
Amesbury National Bank, Amesbury, .
Loans on Public Funds, amount on each: —
On $6,000 United States 4s,
On
On
On
On
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,000 00
2,000 00
10,000 00
.
$2,000 United States 4s, .
$10,000 City of Haverhill 4s,
$23,000 City of Lowell 4s,
$5,000 City of Waltham 4s,
.
.
.
.
25,000 00
240
R E P O R T O F TH E
[Pub. D oc
Loans on Bank Stock, amount on each : —
On 7 shares Boston National Bank, Boston, .
On 162 shares Cocheco National Bank, Dover, N . H .,
On 200 shares Essex National Bank, Haverhill, .
On 15 shares Merrimack National Bank, Haverhill,
On 20 shares Second National Bank, Haverhill, .
On 27 shares Second National Bank, Haverhill, .
On 50 shares Second National Bank, Haverhill, .
On 12 shares First National Bank, Merrimac,
On 65 shares Second National Bank, Haverhill, .
On 100 shares Amesbury National Bank, Amesbury,
On 12 shares Haverhill National Bank, Haverhill,
On 10 shares Tremont National Bank, Boston,
$500 00
12,000 00
20,000 00
100 00
2,000
2,700
5,000
1,200
00
00
00
00
|
15,000 00
]
1,950 00
Loans on Railroad Bonds, amount on each : —
On $7,000 Boston & Maine R .R . 4s...................................................................................... $4,650 00
On $1,000 Boston & Maine R .R . 7 s , .....................................................................
1,000 00
On $20,000 Concord & Montreal R .R . 4s..................................................................
15,000 00
Loans on Railroad Stock, amount on each : —
On 16 shares Boston & Albany R . R . , ..............................................................................$2,000
On 418 shares Boston & Maine R .R .............................................................................
50,000
On 5 shares Boston & Maine R . R . , .....................................................................
400
On 250 shares Boston & Maine R . R . , .....................................................................
25,000
00
00
00
00
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass , 4s,
Town of Bradford, Mass., 4s, .
of Brookline, Mass., 6s,
City of Cambridge, Mass., 4s, .
of Cleveland, Ohio, 5s, .
of Danbury, Conn , 4s,
of Dayton, Ohio, 4s,
of Des Moines, Iowa, 5s,
of Des Moines, Iowa, 4s,.
of Detroit, Mich , 4s,
of Dover, N. H., 6s,
of Fall River, Mass., 6s, .
of Fall River, Mass , 5s, .
of Haverhill, Mass., 5s, .
of Haverhill, Mass , 4s, .
of Haverhill, Mass., 3is,
of Lynn, Mass , 6s, .
of Lynn, Mass , 5s, .
of N ew Bedford, Mass , 4s,
of Pawtucket, R 1 , 4s, ,
of Somerville, Mass., 5s,
Town of Bradford, Mass., 4is,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$150,000 $155,000 00 $150,000 00
24,300
24,300 00
24,300 00
22,000
23,100 00
22,000 00
40,000
41,600 00
40,000 00
25,000
27,500 00
25,000 00
25,000
25,500 00
25,000 00
25,000
24,750 00
25,000 00
9,000
9,000 00
9,000 00
25,000
24,250 00
25,000 00
50,000
49,000 00
50,000 00
46,300
47,226 00
46,300 00
10,000
10,700 00
10,000 00
40,000
44,000 00
40,000 00
20,000
20,200 00
20,000 00
35,000
35,000 00
35,000 00
30,000
29,400 00
30,000 00
10,000
10,800 00
10,000 00
5,000
5,550 00
5,000 00
25,000
25,375 00
25,000 00
25,000
25,750 00
25,000 00
11,000
11,000 00
11,000 00
10,000
10,100 00
10,000 00
$662,600
$679,101 00 $662,600 00
No. 8.]
SA Y IN G S B A N K CO M M ISSION ERS.
241
No. of
Shares.
Detailed Statement o f Bank Stocks.
32 Andover Nat’l Bank, Andover,
200 Atlas National Bank, Boston,
205 Blaekstone N’l Bank, Boston,
267 Boston Nat’l Bank, Boston,
50 Central Nat’l Bank, Boston, .
50 Columbian N’l Bank, Boston,
100 Continental N’l Bank, Boston,
50 Eliot National Bank, Boston, .
50 Everett Nat’l Bank, Boston, .
100 Faneuil Hall Nat’l B’k, Boston,
50 First National Bank, Boston, .
125 Fourth Nat’l Bank, Boston,
100 Globe National Bank, Boston,.
75 Hamilton Nat’l Bank, Boston,.
150 Howard Nat’l Bank, Boston, .
100 Manufacturer’s National Bank,
Boston,
.
.
.
.
50 Merchants’ N’l Bank, Boston, .
267 National Bank of No America,
Boston,
.
.
.
.
254 N’l B’k of Redemption, Boston,
225 National Bank of the Republic,
Boston,
.
.
.
.
150 National City Bank, Boston, .
100 National Eagle Bank, Boston,
150 Nat’l Exchange Bank, Boston,
200 National Hide & Leather Bank,
Boston,
.
.
.
.
50 Nat’l Webster Bank, Boston, .
150 North National Bank, Boston,
150 Shawmut Nat’l Bank, Boston,.
75 Shoe & Leather National Bank,
Boston,
.
.
.
.
100 State National Bank, Boston,
150 Sutfolk Nat’l Bank, Boston,
200 Third National Bank, Boston,
83 Trader’s Nat’l Bank, Boston, .
145 First Nat’l Bank, Haverhill, .
375 Haverhill Nat’l B’k, Haverhill,
300 Merrimack N ’l B’k, Haverhill,
50 Bay State N’l B’k, Lawrence,
100 First National Bank, Malden,
30 First National Bank, Chelsea,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
$3,200
20,000
20,500
26,700
5,000
5,000
10,000
5,000
5,000
10,000
5,000
12,500
10,000
7,500
15,000
00'
00.
00'
00
0000'
00'
00'
00
00
00
00
00
00
00'
f3,200
20,000
20,500
26,700
5,000
5,000
10,000
5,000
5,000
10,000
5,000
12,500
10,000
7,500
15,000
$3,680
24,300
20,500
29,904
7,100
5,350
13,000
6,100
5,150
14,200
12,000
15,500
10,000
9,000
16,500
10,000
5,000
10,150 00
7,500 00>
10,000 00'
5,000 00'
26,700
25,400
33,108 00
32,258 00
26,700 00
25,400 00
22,500
15,000
10,000
15,000
36,000
14,400
10,300
20,550
00
00
00
00
2-2,500
15,000
10,000
15,000
00'
00:
00
00<
20,000
5,000
15,000
15,000
24,800
5,000
20,850
18,900
00
00
00
00
20,000
5,000
15,000
15,000
00
00
00
00
7,500
10,000
15,000
20,000
8,300
14,500
37,500
30,000
3,750
10,000
3,000
6,750
12,200
15,900
21,200
8,300
23,200
63,750
51,000
6,500
15,000
3,660
00
00
00
00
00
00
00
00
00
00
00
7,500
10,000
15,000
20,000
8,300
14,500
37,500
30,000
3,750
10,000
3,000
00
00
00
00
00
00
00
00
00
00
00
$504,550
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Vmount Invested.
$653,560 00 $504,550 00
R E P O R T O F TH E
242
[Pub. D oc.
Detailed Statement of Railroad Bonds.
Par Value.
Boston & Lowell R.R. 7s,
Boston & Lowell R.R 4s,
Boston & Maine R.R. 7s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R R. 4 s,.
Fitchburg R.R 4s, .
Fitchburg R R. 44s, .
.
.
.
Reeds & Farmington R R. 6s, .
Maine Central R.R. 7s,
Old Colony R.R. 7 s,.
Old Colony R R. 6 s,.
Old Colony R R. 4 s,.
Portland & Kennebec R.R. 6s,
West Amesbury Branch R R. 7s,
$2,500
39,000
83,500
141,000
25,000
15,000
50,000
50,000
38,000
10,000
5,000
15,000
25,000
10,000
6,000
$515,000
Estimated
Market Value.
$2,525
39.000
87.675
143,820
25,750
15,000
48,750
50,500
41,040
11,700
5,250
16,200
25,750
10,500
6,240
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$2,500
39,000
83,500
141,000
25,000
15,000
50,000
50,000
38,000
10,000
5,000
15,000
25,000
10,000
6,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$529,700 00 $515,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount.
$114,561:14
5,000 00
1 2 ,0 0 0 . 0 0
157,000 00
3 per cent.
3è
“
4
«
4h
“
Amount.
$125,750
50,000
1,649,450
219,750
Rate.
00
00
00
00
4| per cent.
4J
“
5
“
5£
Kate.
Amount.
$255,100
75.000
417,475
50.000
00
00
00
00
5^ per cent.
5|
“
“
6i
“
6
Number o f loans which are of an amount not exceeding $3,000 each, 452
Aggregate amount of the s a m e , .............................................................................. $603,500 00
Total number o f loans upon real estate............................................................521
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 8 9 1 , ....................................................................
240,406 35
Times for the dividends fixed by the by-law s: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the i 2 per cent., f
87,933 95
year ending Oct. 31, 1 8 9 1 , ........................................................... J 2^ per cent., 1
109,818 47
Number of accounts opened during the year ending Oct. 31, 1891,
1,793
Number of accounts closed during the year ending Oct. 31, 1891,
1,651
Total number of open accounts Oct. 31, 1891,
.
.
.
.
13,159
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive of t a x e s ) , ...........................................................................................................
6,931 32
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
670,431 00
Number of same,
................................................. 10,093
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 1 , .....................................................................................................................
790,492 10
Number of s a m e , ........................................................................................ 9,443
Date of examination by com m ission^: November 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
S A Y IN G S B A N K COM M ISSION ERS
Co m m o n w e a l t h
E ssex ,
ss .
of
243
M assa ch u setts.
N ov. 9, 1891.
Personally appeared Fred W . Coffin, Treasurer of the Haverhill Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
ss .
J o se p h H . P e a e l , Justice o f the Feace.
N ov. 9, 1891.
Personally appeared Woodbury Noyes, Vice President, and Eben Mitchell, Thomas
S. Ruddock, Ira A . Abbott, John L Hobson and J. H. Farnsworth, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
th3ir best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o se p h H . P e a r l , Justice o f the Feace
244
[Pub. D oc.
R E P O R T OF TH E
H AYDENVILLE SAVINGS B A N K — H AYDEN VILLE.
Incorporated March 17, 1869.
E
ln ath an
Present number of corporators, 69.
G r a v e s , President.
B . S. J o h n so n , Treasurer.
H e n r y C. S m i t h , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
T homas M . C a r t e r ,
G eorge M a r k s ,
B y r o n L o o m is ,
F . S. W a r n e r ,
Ch a r l e s D . W a it e .
Open for business every business day, 10
a .m .
to 12
m .,
B a l a n c e Sh e e t , O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
and 2 to 4
p .m .
31, 1891.
L ia b ilit ie s .
$5,623
61,619
10,724
1,920
165,267
52,162
91
29
39
00
00
51
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count,
$306,805 93
8,723 79
1,872 75
1,932 11
12,931 00
200
00
7,309 10
388 39
1,188 99
$319,334 58
$319,334 58
Cash on Deposit in Banks, amount in each : —
Conway National Bank, Conway, .
.
.
* ................................................. $3,042 14
Hampshire County National Bank, N o r t h a m p t o n ,.......................................
3,547 61
Home National Bank, H o l y o k e , ..............................................................................
719 35
Detailed Statement o f Public Funds.
Par Value.
City of Sioux City, Iowa, 6s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,200
Estimated
Market Value.
$5,590 00
Amount Invested.
$5,623 91
N o. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
245
No. of
Shares.
Detailed Statement o f Bank Stocks.
40
10
50
43
52
50
10
50
50
50
48
22
15
Par Value.
Conway Nat’l Bank, Conway,
Chicopee N ’l B’k, Springfield,
Danbury N’l Bank, Danbury,
C o n n .,..................................
First N’l Bank, Easthampton,
First JN’l Bank, Northampton,
First Nat’l Bank, Amherst,
First Nat’l Bank, Springfield,.
Hampshire County Nat’l Bank,
Northampton,
City National Bank, Holyoke,
Flome Nat’l Bank, Holyoke, .
John Hancock National Bank,
Springfield, .
.
.
.
Southington N’l Bank, South
ington, Conn.,
Northampton National Bank,
Northampton,
$4,000
1,000
Estimated
Market Value.
Amount Invested.
$5,000 00
1,700 00
$4,721 13
1,700 00
5,000
4,300
5,200
5,000
1,000
6,650
6,020
7,020
7,650
1,450
5,000
5,000
5,000
6,250 00
5,625 00
5,750 00
6,041 66
5,625 00
5,000 00
4,800
6,000 00
6,000 00
2,200
2,420 00
2,331 00
1,500
2,575 00
2,575 00
$49,000
$64,110 00
$61,619 29
00
00
00
00
00
6,600
5,290
6,765
7,520
1,450
00
00
50
00
00
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 5s, .
Fitchburg R R. 4s, .
.
Boston & Albany R.R, 7s,
.
.
Estimated
Market Value.
Amount Invested.
$3,000
2,000
5,000
$3,196 67
1,915 22
5,175 00
$3,196 67
1,915 22
5,612 50
$10,000
$10,286 89
$10,724 39
Total Amount of Loans with Each Specified Rate o f Interest.
A m ou n t.
$7,309 10
206 0 0
R ate.
4
4|
per cent.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
A m ou n t.
$32,325 00
35,200 00
R a te.
A m ou n t.
5 per cent.
54
“
$162,829 51
R a te.
6
per cent.
R E P O R T O F TH E
246
[Pub. D oc.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,........................................................................................
Number o f loans which are of an amount not exceeding $3,000 each, 378
$1,920 00
1,450 00
Aggregate amount of the same......................................................................................
Total number of loans upon real e s t a t e , ................................................ 214
190,060 51
Amount o f investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
1,660 36
year ending Oct. 31, 1 8 9 1 , ......................................................................................
Times for the dividends fixed by the b y-la w s: second Tuesday in January
and July.
Rate and amount of each semi-annual dividend during the j 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ..........................................................J 2| per cent., 1
Number o f accounts opened during the year ending Oct. 31, 1891,
. 197
Number o f accounts closed during the year ending Oct. 31, 1891,
. 173
Total number o f open accounts Oct. 31, 1891,
.
.
.
.
1,015
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
16,715
88
5,698 75
6,635 94
sive of t a x e s ) , ..........................................................................................................
Amount of deposits, not including dividends, received during the year
1,432 47
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number of s a m e , ...........................................................................................907
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ...................................................................................................................
Number of same.................................................................................................. 802
Date of examination by commissioner: April 21.
89,235 32
Co m m o n w e a l t h
H a m p s h ir e ,
of
79,833 22
M assa ch u setts.
ss .
N o v . 18, 1891.
Personally appeared B. S. Johnson, Treasurer of the Haydenville Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
H a m p s h ir e ,
W
il l is
W . S t r o n g , Justice o f the Peace.
N ov . 18, 1891.
ss .
Personally appeared Elnathan Graves, President, and C. D . W aite, C. B . Hosford,
Francis S. Warner, W ilson Dewey and Henry C. Smith, trustees o f said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
W
il l i s
W . S t r o n g , Justice o f the Peace.
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
247
HINGHAM INSTITUTION" FOR SAVINGS — HINGHAM.
Incorporated April 2, 1834.
.
Present number of corporators, 59.
J o se p h S p r a g u e , President.
H e n r y C. H a r d i n g , Treasurer.
H e n r y C. H a r d i n g , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
E d m u n d H e r s e y , 2d,
E nos L o r in g .
J o se p h S p r a g u e ,
E l ij a h S h ute,
Open for business every business day,
B alance
8 a .m
Sh ee t, O ctober
. to 12
m .,
1.30 to 4
p .m .
31,1891.
A ssets .
L iab ilit ies .
Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loan on railroad bonds,
Railroad notes, .
.
.
.
Real estate for banking purposes................................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Expense account,
Stock o f Lawrence Duck Co.,* .
Stock of Provincetown Steamship Co.,*
Cash on hand, .
.
.
.
$95,000
3,600
150,260
12,500
46,000
15,000
25,000
00
00
00
00
00
Deposits, .
Guaranty fund,
Profit and loss account, .
Suspense account, .
$2,041,379 71
70,900 0 0
40,762 16
40 50
00
00
3,000 0 0
11,090 0 0
955,967 0 0
714,507 79
64,300 0 0
150 0 0
21,951 54
8,882 2 2
2,376 31
2 2 ,0 0 0
00
300 0 0
1,197 51
$2,153,082 37
$2,153,082 37
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Hingham National Bank, H i n g h a m , .......................................
$3,006 87
21,951 54
5,875 35
Shoe and Leather National Bank, Boston...................................
National Webster Bank, B o s t o n ,.................................................
Loans on Public Funds, amount on each: —
On $100 United States 4s...................................................................
$100
00
2,500
00
On $1,000 United States 4 s , ..........................................................
On $1,000 United States 4 s , ...........................................................
On $2,000 United States 2 s , ...........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
.1
248
R E P O R T OF TH E
[Pub. D oc
Loan on Bank Stock : —
On 125 shares Broadway National Bank, B o s t o n , ........................................$12,500 00
Loan on Railroad Bonds : —
On $16,000 Upper Coos R .R . 4 ^ s ,.............................................................................. $15,000 00
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 4s,
of Des Moines, Iowa, 4is,
of East Saginaw, Mich., 6s,
Estimated
Market Value.
Amount Invested.
$50,000
25.000
20.000
$50,250 00
25.000 00
20.000 00
$50,000 00
25.000 00
20.000 00
$95,000
$95,250 00
$95,000 00
Shares.
Detailed Statement o f Bank Stocks.
7
38
75
54
82
100
50
46
42
36
20
75
20
80
75
112
100
36
26
100
50
60
20
30
178
16
28
Par Value.
Abington N’l Bank, Abington,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
First National Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Market National Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston,
New England N’l B’k, Boston,
N’l B’k of No. America, Boston,
N’l B’k of the Republic,Boston,
Nat’l Revere Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Brockton N’l Bank, Brockton,
First National Bank, Chelsea,
Hingham N’l B’k, Ilingham, .
Old Colony N’l B’k, Plymouth,
Union Nat’l Bank, Weymouth,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$700
3,800
7,500
5,400
8,200
10,000
5,000
4,600
4,200
3,600
2,000
7,500
2,000
8,000
7,500.
11,200
10,000
3,600
2,600
10,000
5,000
6,000
2,000
3,000
12,460
1,600
2,800
Estimated
Market Value.
$882
5,377
9,112
5,184
10,455
10,300
12,000
4,600
5,040
3,600
2,160
11,212
3,280
9,880
12,000
11,872
9,300
4,374
2,756
10,200
7,000
6,000
2,240
3,600
13,350
2,400
3,164
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$700
3,800
7,500
5,400
8,200
10,000
5,000
4,600
4,200
3,600
2,000
7,500
2,000
8,000
7,500
11,200
10,000
3,600
2,600
10,000
5,000
6,000
2,000
3,000
12,460
1,600
2,800
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$150,260 $181,338 50 $150,260 00
No. 8 .]
249
SA Y IN G S B A N K COM M ISSION ERS.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R R. 7s,
Boston & Lowell R.R. 7s,
Boston & Maine R R 7s, .
Eastern R R. 6s,
Old Colony R R. 7s,.
Estimated
Market Value.
$10,000
10,000
10,000
6,000
10,000
$10,000
10,000
10,400
7,290
10,500
$46,000
$48,190 00
Amount Invested.
00
00
00
00
00
$10,000
10,000
10,000
6,000
10,000
00
00
00
00
00
$46,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
Kate.
$17,382 79
21,951 54
2 0 ,0 0 0
00
239,300 00
per cent.
“
4
“
4h
“
0
24
Amount.
$25,000 0 0
927,875 00
109,000 00
248,600 00
Kate.
Amount.
4 f per cent.
5
“
5i
5h
“
$25,000 00
125,087 0 0
31,000 00
22,780 0 0
Rate.
51 per cent.
6
64
7
“
$3,000 00
3,000 00
Estimated value of the s a m e , ..............................................................................
2,500 00
Assessed value of the s a m e ,........................................................................................
Value, by books, o f other real estate held or owned by foreclosure or
11,(90 0 0
o t h e r w i s e ,.......................................................................................
12,220 00
Assessed value o f the same............................................................................................
422 56
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are o f an amount not exceeding $3,000 each,
304
Aggregate amount of the s a m e , ..............................................................................
293,517 0 0
Total number of loans upon real e s t a t e , .................................................380
17,382 79
.
.
.
Amount of investments from which no income is recei ved, .
Gross amount of interest or profits received or earned, as per books, during
106,405 96
year ending Oct. 31, 1891, ..........................................................................................
Times for the dividends fixed by the b y-la w s: first Tuesday in January
and July.
39,158 45
Rate and amount of each semi-annual dividend during the ) 2 per cent., r
39,564 35
year ending Oct. 31, 1 8 9 1 , ................................................. • j 2 per cent., j
Number of accounts opened during the year ending Oct. 31, 1891,
. 372
Number o f accounts closed during the year ending Oct. 31, 1891,
. 324
Total number of open accounts Oct. 31, 1891,
.
.
.
.
4,332
Total expenses of the corporation for the year ending Oct. 31, 1891, exclu
3,388 12
sive of t a x e s , ...........................................................................................................
Amount of deposits, not including dividends, received during the year end
188,148 50
ing Oct. 31, 1 8 9 1 ,............................................................................................................
Number of same........................................................................................................ 1,960
Amount of withdrawals, including dividends, during the year ending Oct.
228,021 04
31, 1 8 9 1 , .....................................................................................................................
Amount invested in real estate for banking p u rp o se s,.......................................
Number of s a m e , .................................................................................................. 2,059
Date of examination by commissioner: August 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
250
R E P O R T O F TH E
Co m m o n w e a l t h
P lym outh ,
ss .
of
[Pub. D oc.
M assa ch u setts.
Nov. 13, 1891.
Personally appeared Henry C. Harding, Treasurer of the Hingham Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
P lym ou th ,
ss .
S i d n e y S p b a g u e , Justice o f the Peace.
N ov. 13, 1891.
Personally appeared Joseph Sprague, President, and Enos Loring, Charles Siders,
Edmund Hersey, 2d, Joseph Ripley and Walter W . Hersey, trustees of said corpora
tion, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
S i d n e y S p e a g u e , Justice o f the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
251
SA V IN G S B A N K CO M M ISSION ERS.
• HOLLISTON SAVINGS BANK — HOLLISTON.
Incorporated Feb. 27, 1872.
Present number of corporators, 54.
O r r in T h o m s o n , Treasurer.
D a n ie l C. M o w r y , President.
O r r i n T h o m so n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
John M . Ba t c h e l d e r ,
H en ry Bullard,
U r ie l C u t l e r ,
J o se p h H . D e w i n g .
Open for business every business day, except Saturday, 9
Saturday, 9
a .m
B a l a n c e Sh e e t , O c t o b e r
to 12
m .,
1.30 to 3.30
p .m
.
31, 1891.
L ia b ilit ies .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock ,.
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Premium account,
Cash on hand,
.
.
.
.
a .m .
. to 12 m .
$9,000
23,726
6,260
19,700
7,192
234,591
23,819
00
00
32,500
17,559
5,000
1,819
1,656
00
13
00
00
60
00
Deposits, .
Guaranty fund,
Interest account,
$357,727 22
17,000 0 0
8,095 51
00
00
00
00
$382,822 73
$382,822 73
Cash on Deposit in Banks, amount in each : —
Holliston National Bank, H o l l i s t o n , .....................................................................$17,747 26
National Bank of the Commonwealth, B o s t o n , ................................................. 4,811 87
Loans on Bank Stock, amount on each: —
On 55 shares Holliston National Bank, H o l l i s t o n , ....................................... $3,870 00
On 35 shares Central National Bank, B o s t o n , .................................................
2,390 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
252
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Public Funds.
Par Value.
City of Worcester, Mass., 6s, .
of Chicago, 111., 7s, .
Estimated
Market Value.
Amount Invested.
$4,000
5,000
$4,040 00
5,100 00
$4,000 00
5,000 00
$9,000
$9,140 00
$9,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
24
17
7
25
30
14
30
60
15
15
Par Value.
State National Bank, Boston, .
Nat’l Bank of Commonwealth,
Boston,..................................
Blackstone Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Home Nat’l Bank, Brockton, .
Framingham National Bank,
South Framingham,
So Framingham Nat’l Bank,
South Framingham,
Franklin Nat’l B’k, Franklin,
Holliston Nat’l B’k, Holliston,
Peoples’ Nat’l Bank, Marlboro,’
Blue Hill Nat’l Bank, Milton,
$2,400
Estimated
Market Value.
$2,900 00
A-iuuiiiiL litvcsltitli
$2,400 00
1,700
700
2,500
3,000
3,145
700
2,500
3,900
1,400
1,860 00
1,400 00
26
3,000
6,000
1,500
1,500
26
3,900
6,600
1,770
1,950
26
3,000
6,000
1,500
1,500
$23,726
00
00
00
00
00
00
00
00
00
$29,251 00
1,700
700
2,500
3,000
00
00
00
00
00*
00
00
00
00
$23,726 00
* This bank is in process of liquidation.
Detailed Statement o f Railroad Bonds.
Par Value.
Salem & Lowell R R. 6s,
Boston & Lowell R.R. 7s,
Fitchburg R.R. 5s, .
Old Colony R R. 7s,
Boston & Maine R R. 7 s ,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,700
2,000
4,000
3,000
5,000
$19,700
Estimated
Market Value.
$6,384
2,020
4,280
3,150
5,250
00
00
00
00
00
$21,084 00
Amount Invested.
$5,700
2,000
4,000
3,000
5,000
00
00
00
00
00
$19,700 00
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS
253
Total Amount o f Loans with Each Specified Bate o f Interest.
Amount.
$17,559 13
18,000 0 0
Rate.
2
Amount.
£ per cent.
“
H
$1,500 00
36,900 00
Rate.
Amount.
Rate.
4£ per cent.
5
$24,500 00
216,270 0 0
5J per cent.
6
Value, by books, o f real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .......................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 278
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real estate,
.
. . .
.
.
. 267
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the b y-la w s: first Tuesday in June and
December.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1891............................................................... 1 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 181
Number o f accounts closed during the year ending Oct. 31, 1891,
. 154
Total number of open accounts Oct. 31, 1891.......................................
1,228
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
$7,192 00
9,500 00
275 53
205,770 00
20,733 21
6,604 10
6,817 24
1,958 25
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number o f s a m e , ................................................................................................. 869
Amount of withdrawals, including dividends, during the year ending
62,127 67
Oct. 31, 1891.....................................................................................................................
Number of s a m e , ..................................................................................................840
Date of examination by commissioner: March 30.
59,564 89
Co m m o n w e a l t h
M id d l e s e x ,
of
M a s sa c h u s e t t s .
ss .
N ov . 10; 1891.
Personally appeared Orrin Thomson, Treasurer of the Holliston Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
J a m e s F . F i s k , Notary Public.
ss .
N ov . 10,1891.
Personally appeared Daniel C. M ow ry, President, and J. H . Dewing, Hiram Lake,
Uriel Cutler, M . B. Rockwood, C. W . Ellis, Luther Howe, John H . Mahony and A . C.
Holmes, trustees of said corporation, and severally made oath that the annexed report
is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J a m e s F . F i s k , Notary Public.
[Pub. D oc.
R E P O R T O F TH E
254
HOLYOKE SAVINGS BANK — HOLYOKE.
Incorporated Feb. 21, 1855.
Present number of corporators, 94.
George W. Prentiss, President.
R. B. Johnson, Treasurer.
C. W . Johnson, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
George W . Prentiss,
Levi Perkins,
C. H . Smith,
W illiam W hiting.
Open for business every business day, 9 a . m. to 4 p.m . ; Saturday, 7 to 8 p .m .
B a l a n c e Sh e e t , O ctober
L ia b ilit ies .
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock ,.
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Premium account,
Cash on hand, .
.
.
.
31, 1891.
$64,000
600
242,800
9,700
599,700
1,146,096
394,045
00
00
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
$2,515,482 62
71,000 00
56,696 84
37,500 00
124,639 09
2,236 82
2,000 00
5,445 00
14,417 55
$2,643,179 46
$2,643,179 46
Cash on Deposit in Banks, amount in each: —
Holyoke National Bank, H o l y o k e , .................................................................... $76,252 84
Maverick National Bank, B o s to n ,..............................................................................
8,386
Home National Bank, H o l y o k e , .......................................................... #
5,000
Conway National Bank, Conway, .
...........................................................
5,000
Agawam National Bank, Springfield, .
.
.
.
.
.
.
.
10,000
First National Bank, E a s t h a m p t o n ,....................................................................
20,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
25
00
00
00
00
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
255
Loan on Public Funds : —
On $600 United States 4 s , ........................................................................................
$600 00
oo
o
o
Loans on Bank Stock, amount on each :—
On 25 shares Hampshire County National Bank, Northampton,
On 10 shares City National Bank, H o l y o k e , .................................................
On 10 shares Home National Bank, H o l y o k e , .................................................
00
800 00
On 3 shares Hadley Falls National Bank, H o l y o k e , .........................................
On 3 shares Third National Bank, S p r i n g f ie ld ,.................................................
On 26 shares Palmer National Bank, P a l m e r , .................................................
On 32 shares Holyoke National Bank, Holyoke....................................................
On 15 shares Springfield Safe Deposit and Trust Company, Springfield,
1,200 00
300 00
2,600 00
3,000 00
Detailed Statement o f Public Funds.
Par Value.
Commonwealth of Massachusetts 5s,
City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Holyoke, Mass., 7s,
of Holyoke, Mass., 6s,
of Fall River, Mass., 6s, .
of Chelsea, Mass , 6s,
Estimated
Market Value.
$13,000
25.000
3.000
11.000
8.000
3.000
1.000
$13,395
25,500
3,330
11,440
8,800
3,390
1,070
$64,000
$66,925 00
00
00
00
00
00
00
00
Amount Invested.
$13,000
25.000
3.000
11.000
8.000
3.000
1.000
00
00
00
00
00
00
00
$64,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
20
22
50
20
20
37
48
5
2
38
42
1
380
220
8
17
25
5
100
Par Value.
Greylock Nat’l Bank, Adams,.
First National Bank, Adams, .
First Nat’l Bank, Amherst,
Miller’s River N’l B’k, Athol,
First Nat’l Bank, Chicopee, .
Rollstone Natl B’k, Fitchburg,
FranklinCo JN’l B’k,Greenfield,
First Natl Bank, Greenfield, .
First Nat’l Bank, Haverhill, .
Conway Nat’l Bank, Conway,
First N’l Bank, Fasthampton,
Merrimack N’l B’k, Haverhill,
Holyoke Nat’l Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
City National Bank, Holyoke,
Railroad Nat’i Bank, Lowell, .
Monson Nat’l Bank, Monson, .
First N’l Bank, Newburyport,
Northampton National Bank,
Northampton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$2,000
2,200
5,000
2,000
2,000
3,700
4,800
500
200
3,800
4,200
100
38,000
22,000
800
1,700
2,500
500
$3,000
3,000
7,500
3,800
3,000
5,550
4,800
1,000
300
4,750
5,000
150
57,000
33,000
880
2,000
3,750
500
10,000
17,500 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$2,000
2,200
5,000
2,000
2,000
3,700
4,800
500
200
3,800
4,200
100
38,000
28,800
800
1,700
2,500
500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
13,900 00
256
R E P O R T O F TH E
[Pub. D oc
Ko. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
20
151
38
11
50
80
15
178
50
178
87
97
26
4
30
Par Value.
Hampshire County National
Bank, Northampton, .
First National Bank, North
ampton,
.
.
.
.
Palmer Nat’l Bank, Palmer, .
Pittsfield Nat’l B’k, Pittsfield,
Agawam N’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
City Nat l Bank, Springfield,
First Nat’l Bank, Springfield,
Second N’l Bank, Springfield,
Third Nat’l Bank, Springfield,
John Hancock National Bank,
Springfield, .
.
.
.
Townsend Nat’l Bank, Towns
end,
..................................
Ware National Bank, Ware, .
First Nat’l Bank, Westfield, .
First Nat’l Bank, Worcester, .
Estimated
Market Value.
Amount Invested.
$2,000
$2,400 00
$2,000 00
15,100
3,800
1,100
5,000
8,000
1,500
17,800
5,000
17,800
19,630
4,700
1,650
5,000
12,800
1,875
23,140
8,000
35,600
18,400
3,800
1,100
5,000
9,800
1,500
21,500
9,000
26,100
00
00
00
00
00
00
00
00
00
8,700
10,500 00
9,700
2,600
400
3,000
11,640
3,000
600
5,000
$207,500
00
00
00
00
00
00
00
00
00
9,900 00
00
00
00
00
12,000
2,600
400
3,000
00
00
00
00
$302,015 00 $242,800 00
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 7s, .
Fitchburg R R. 5s, .
Fitchburg R R. 4s, .
Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 6s,
Boston & Lowell R R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R 7s, .
Boston & Albany R.R. 7s,
Boston & Albany R R 6s,
Boston & Providence R.R. 7s, .
Boston, Winthrop & Shore R R. 5s,
Boston, Revere Beach & Lynn R.R. 6s,
Lowell & Lawrence R.R. 6s, .
Nashua & Lowell R.R. 6s,
Old Colony R.R. 6 s,.
Old Colony R R. 7 s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000
10,000
15,000
46,000
22,000
10,000
19,000
115,500
36,000
21,000
20,000
12,000
24,000
6,000
13,500
59,000
24,000
Estimated
Market Value.
$2,080
10,200
15,000
47,845
23,540
10,500
19,000
120,442
36,000
22,190
20,500
13,320
26,040
6,480
13,702
61,950
25,680
Amount Invested.
00
00
00
00
00
00
00
50
00
00
00
00
00
00
50
00
00 .
$2,000
10,000
15,000
46,000
22,000
10,000
19,000
115,500
36,000
21,000
20,000
12,000
24,000
6,000
13,500
59,000
24,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
No. 8 .]
SA Y IN G S B A N K COM M ISSIONERS,
257
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Conn. & Passumpsic Rivers R.R. 7s,
Portland & Kennebec R.R. 6s,
Portland & Ogdensburg R.R. 6s,
Leeds & Farmington R R 6s, .
Maine Central R R 6s,
Holyoke & Westfield R R 4s, .
New York, Providence & Boston
R R. 7 s , ..................................
Cheshire R.R. 6s,
Norwich & Worcester R R . 6s,
$30,500
23,500
1 0 ,0 0 0
6,700
3,000
50,000
5,000
9,000
7,000
$599,700
Estimated
Market Value.
$31,262
24,675
11,130
7,169
3,360
50,000
Amount Invested.
50
00
00
00
00
00
$30,500 00
23,500 00
5,800 00
9,610 00
7,560 00
5,000 00
9,000 00
7,000 00
1 0 ,0 0 0 0 0
6,700 00
3,000 00
50,000 00
$625,036 50 $599,700 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$8,386 25
101,252 84
Rate.
Amount.
Rate.
Amount.
2J per cent.
$30,000 00
1,268,896 00
4£ per cent.
5
“
$259,700 00
44,345 00
4
«
Rate.
5£ per cent.
“
6
Number of loans which are of an amount not exceeding $3,000 each, 264
Aggregate amount of the s a m e , ..............................................................................$317,450 00
Total number of loans upon real e s t a t e , ................................................ 339
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the by-laws : third Monday in January
and July.
Rate and amount of each semi-annual dividend during the j 2 per cent., r
year ending Oct. 31, 1891............................................................... j 2 per cent., j
Number of accounts opened during the year ending Oct. 31, 1891,
1,641
Number o f accounts closed during the year ending Oct. 31, 1891,
1,078
Total number of open accounts Oct. 31, 1891,
.
.
.
.
7,360
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive of taxes).........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
138,043 69
45,096 19
46,346 81
6,912 60
681,086 00
Number of s a m e , .......................................................................................12,720
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1891...............................................................................................................................
Number of same..............................................................................................7,622
Date o f examination by commissioner : November 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
633,942 53
KEPO K T O F TH E
258
Commonwealth
H ampden,
of
[Pub. Doc.
Massachusetts.
ss.
N ov. 14, 1891.
Personally appeared R . B. Johnson, Treasurer of the Holyoke Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment o f all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
Hampden,
ss.
C. W . Johnson, Justice o f the Peace.
N ov. 14, 1891.
Personally appeared George W . Prentiss, President, and F . E . Nourse, Levi Perkins,
W . A . Prentiss, A . Higginbottom, Robert Russell, A . L. Shumway and C. H . Prentiss,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
C. W . Johnson, Justice o f the Peace.
No. 8 .]
259
SA Y IN G S B A N K CO M M ISSION ERS
HOME SAVINGS BANK — BOSTON.
Incorporated March 17, 1869.
Present number of corporators, 47.
Charles H. A llen, President.
W illiam E . Hooper, Treasurer.
W . E. H ooper, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Chas. H. A llen,
John W. Leighton,
T homas F . Temple,
N ewton Talbot,
A lbert T. W hiting.
Open for business every business day, 9 a .m . to 2 p .m . ; and Saturday, for deposits,
till 8 P.M.
B a la n c e Sh e e t , O ctober
L iab ilities .
A ssets .
Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad bonds,
Loans on railroad stock, .
Railroad notes, .
.
.
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks on interest, .
Expense account,
Premium account,
Insurance account,
Suspense account,
Cash on hand,
.
.
.
.
31, 1891.
$126,500
13,575
390,500
41,300
148,300
5,500
16,000
75,000
17,825
1,913,850
1,423,550
00
00
00
00
00
00
00
00
00
75
00
62,562
104,965
1,292
965
7
72
8,140
01
68
95
50
50
23
78
$4,349,907 40
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Real estate income
account,
Insurance a w a r d s
collected,
$4,113,872 61
172,500 00
30,315 39
33,113 98
34 61
70 81
$4,349,907 40
Cash on Deposit in Banks, amount in each: —
Central National Bank, B o s t o n , ...............................................................................$69,911 54
Boylston National Bank, B o sto n ,...............................................................................
35,054 14
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
260
[Pub. D oc
R E P O R T O F TH E
Loans on Public Funds, amount on each : —
On
On
On
On
¡$9,000 St. Johnsbury, V t., 4 £ s , .....................................................................$9,000 00
$375 Springfield, Ohio, 6s.....................................................................
325 00
$4,000 United States 4s..............................................................................................
4,000 00
$250 United States 4 s , ........................................................................................
250 00
Loans on Bank Stock, amount on each: —
On
On
On
On
On
On
On
On
On
On
On
15 shares National Security Bank, B o s t o n , .................................................
315 shares Massachusetts National Bank, B o sto n ,........................................
32 shares Boylston National Bank, B o s t o n , .................................................
15 shares National Market Bank of Brighton, Boston, .
.
.
.
20 shares First National Bank, South W e y m o u th ,.......................................
40 shares Central National Bank, B o s t o n , .................................................
2 shares Boylston National Bank, B o s t o n , .................................................
20 shares Merchants’ National Bank, B o s t o n , .......................................]
10 shares Eliot National Bank, B o s t o n ,...........................................................[
10 shares Continental National Bank, B o s t o n , ....................................... j
10 shares State National Bank, B o s t o n ,..........................................................J
$1,500 00
25,000 00
3.200 00
1.200 00
1,700 00
3,500 00
200 00
5,000 00
Loan on Railroad B onds: —
On $6,000 Eastern R .R . 6 s , ........................................................................................ $5,500 00
Loans on Railroad Stock, amount on each : —
On 100 shares Boston & Albany R . R . , .....................................................................$15,000 00
On 5 shares Boston & Providence R . R . , ...........................................................
1,000 00
Detailed Statement o f Public Funds.
Par Value.
Bay City, Mich., 8s, .
Cambridge, M ass, 6s,
Chicago, 111., 7s,
.
.
.
Cleveland, Ohio, 5s, .
.
.
Cleveland, Ohio, 6 s,.
Cleveland, Ohio, 7 s,.
District of Columbia 6s, .
Dover, N. H., 6s,
. . .
Everett, Mass , 6s, .
Ilvde Park, Mass., 4s,
Indianapolis, Ind., 7t3óS, .
Lawrence, Mass., 6s,
. .
Malden, Mass , 6s, .
Northampton, Mass., 6s, .
Springfield, Mass., 7s,
Springfield, Ohio, 5s,
St Johnsbury, V t , 4is, .
Worcester, Mass , 6s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
$5,500
1,000
11,000
4,000
1,000
11,000
22,000
2,000
1,000
2,000
9,000
2,000
9,000
20,000
2,000
13,000
1,000
10,000
$126,500
Estimated
Market Value.
$7,608
1,073
11,293
4,043
1,063
11,264
22,715
2,042
1,003
2,015
9,612
2,106
9,112
20,200
2,152
13,344
1,005
10,110
85
20
70
20
80
60
00
00
50
20
70
40
50
00
70
90
00
00
Amount Invested.
$5,500
1,000
11,000
4,000
1,000
11,000
22,000
2,000
1,000
2,000
9,000
' 2,000
9,000
20,000
2,000
13,000
1,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$131,767 25 $126,500 00
No. 8 .]
SA V IN G S B A N K COM M ISSION ERS
261
No. of
Shares.
Detailed Statement o f Bank Stocks.
48
200
100
16
50
23
100
70
125
100
160
100
142
50
150
30
50
200
200
200
50
150
200
150
400
200
100
100
70
200
121
50
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boston National Bank, Boston,
Columbian N’l Bank, Boston,.
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’ l Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Nat’l Market Bank, Brighton,.
Market Nat’l Bank, Boston, .
Mt Vernon N’l Bank, Boston,
Mass. National Bank, Boston,.
Merchants’ N’l Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption,Boston,
N’l B’k of the Republic, Boston,
National Revere Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Estimated
Market Value.
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
00
50
00
00
00
50
00
00
50
00
00
00
50
50
00
25
00
$4,800 00
20,000 00
10,000 00
1,600 00
5,000 00
2,300 00
10,000 00
7,000 00
12,500 00
10,000 00
16,000 00
10,000 00
14,200 00
5,000 00
15,000 00
3,000 00
5,000 00
20,000 00
20,000 00
20,000 00
5,000 00
15,000 00
20,000 00
15,000 00
40,000 00
20,000 00
10,000 00
10,000 00
7,000 00
20,000 00
12,100 00
5,000 00
$522,099 50
$390,500 00
$6,768
24,300
10,025
1,800
5,300
2,972
12,200
7,245
30,125
10,000
19,200
12,400
15,691
4,800
15,000
4,140
5,412
30,000
32,800
27,850
6,237
19,050
32,200
15,937
74,100
25,200
9,300
12,187
7,437
20,450
16,970
5,000
84,800
20,000
10,000
1,600
5,000
2,300
10,000
7,000
12,500
10,000
16,000
10,000
14,200
5,000
15,000
3,000
5,000
20,000
20,000
20,000
5,000
15,000
20,000
15,000
40,000
20,000
10,000
10,000
7,000
20,000
12,100
5,000
$390,500
Amount Invested.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 6s,
Boston & Albany R.R. 7s,
Cheshire R.R. 6s,
Conn & Passumpsie River R.R. 7s,
Dexter & Piscataquis R.R. 4s,
Fall River R.R. 5 s , ..........................
Fitchburg R R 4s, .
Fitchburg R.R 5s, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,000
40,000
15,000
1,500
10,000
1,000
30,000
3,000
Estimated
Market Value.
1
$1,070
40,300
15,975
1,545
10,000
1,032
29,265
3,217
00
00
00
00
00
00
00
50
Amount Invested
$1,000
40,000
15,000
1,500
10,000
1,000
30,000
3,000
00
00
00
00
00
00
00
00
[Pub. D oc.
R E P O R T O F TH E
262
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
$4,000
8,000
1,000
4,000
11,800
2,000
15,000
1,000
Fitchburg’ R R 7s, .
Boston & Maine 11 R 7 s ,.
Boston & Lowell R.R. 6s,
Boston & Lowell R R 7s,
Leeds & Farmington R R. 6s, .
Lowell & Lawrrence R.R 6s, .
Old Colony R.R 4s,
Portland & Ogdensburg R.R. 6s,
$148,300
Estimated
Market Value.
$4,230
8,415
1,082
4,290
12,714
2,211
15,450
1,150
Amount Invested.
$4,000
8,000
1,000
4,000
11,800
2,000
15,000
1,000
00
00
50
00
50
60
00
00
00
00
00
00
00
00
00
00
$151,948 10 $148,300 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
$104,965
60,000
58,000
413,700
57,500
68
00
00
00
00
2| per cent.
4
44
“
4è
“
4|
“
Amount.
$30,000
1,569,132
25,000
334,925
00
00
00
00
Rate.
4J per cent.
5
5J
54
»
Rate.
Amount.
$717,999
70,000
211,580
3,500
95
00
81
00
54 per cent.
5|
6
“
7
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .......................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are o f an amount not exceeding $3,000 each, 242
$17,825 00
23,500 00
1,299 92
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 388
Gross amount of interest or profits received or earned, as per books, during
394,849 00
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
217,504 03
and October.
Rate and amount o f each semi-annual dividend during the i 2 per cent., r
year ending Oct. 31, 1891,
.
.
.
.
•
•
p e rc e n t.,!
Number of accounts opened during the year ending Oct. 31, 1891,
3,238
Number of accounts closed during the year ending Oct. 31, 1891,
2,204
70,760 02
73,505 41
Total number of open accounts Oct. 31, 1891,
.
.
.
.
18,353
Total expenses of the corporation for the year ending Oct. 31,1891 (exclu
sive of taxes),
...........................................................................................................
Amount of deposits, not including dividends, received during the year
19,882 15
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ........................................................................................18,980
Amount of withdrawals, including dividends, during the'year ending Oct.
1,355,446 60
31, 1891...................................................................................................................... .........
Number o f s a m e , ........................................................................................13,731
Date of examination by commissioner : March 19.
1,130,545 29
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Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
263
Commonwealth or Massachusetts.
Suffolk,
ss.
N ov. 4, 1891.
Personally appeared W illiam E . Hooper, Treasurer of the Home Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment o f all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Suffolk,
ss.
W illiam H . Thomes, Justice o f the Peace.
N ov. 4, 1891.
Personally appeared Chas. H . Allen, President, and W m . P. Hunt, Joel Goldthwait,
Henry C. Morse, Charles J. Hayden and James H . Freeland, trustees o f said corpora
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
W illiam H . Thomes, Justice o f the Peace.
264
[Pub. D oc.
R E P O R T O F TH E
HOOSAC SAVINGS BANK — NORTH ADAMS.
Incorporated April 19, 1871.
Present number o f corporators, 15.
0 . A. A rcher, President.
W . W . R ichmond, Treasurer.
W . W . R ichmond, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Daniel J. Barber,
James M . Chace,
T imothy Collins,
W . W . R ichmond.
Open for business every business day, 9 a .m . to 12 m ., 1 to 4 p .m . ; Saturday, until 6 p .m .
B alance
Sh e e t , O ctober
31, 1891.
A ssets .
L iab ilit ies .
$52,000
7,200
270,102
80,420
4,755
1,414
3,100
1,726
Public funds as per schedule, .
Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, not on interest,
Furniture and fixtures,
Premium account,
Cash on hand, .
.
.
.
00
00
38
60
24
34
52
79
Deposits, .
Guaranty fund,
Interest account,
$403,779 28
7,703 06
9,237 53
$420,719 87
$420,719 87
Cash on Deposit in Banks, amount in each:—
Adams National Bank, North Adams,
............................................................$1,834 89'
Berkshire National Bank, North Adam s.....................................................................
2,920 35
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
of
of
of
of
of
Bay City, Mich., 5s,
Cleveland, Ohio, 4s, .
Cleveland, Ohio, 5s, .
Cleveland, Ohio, 7s, .
Charlestown, Mass., 6s,
Chelsea, Mass , 6s,
Chicago, 111 , 7s, .
Columbus, Ohio, 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
2,000
8,000
2,000
1,000
7,000
1,000
1,000
Estimated
Market Value.
$11,150
2,120
8,495
2,035
1,007
7,052
1,012
1,052
* A legal investment when made.
00
00
55
00
50
50
50
50
Amount Invested.
$10,000
2,000
8,000
2,000
1,000
7,000
1,000
1,000
00
00
00
00
00
00
00
00*
No. 8 .]
265'
SA V IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Public Funds — Concluded.
Par Value.
City of
of
of
of
of
East Saginaw, Mich., 6s,
Lynn, Mass , 4s. .
Pawtucket, R. I., 5s, .
Sioux City, Iowa, 4^s,
Terre Haute, Ind., 4|s,
$1,000
2,000
7,000
5,000
5,000
$52,000
Estimated
Market Value.
$1,001
2,060
7,805
5,004
5,308
Amount Invested.
25
00
00
97
75
$1,000
2,000
7,000
5,000
5,000
00
00
00
00
00
$52,000 00
$55,100 52
No. of
Shares.
Detailed Statement o f Bank Stock.
53
19
Berkshire Nat’l Bank, North
Adams,..................................
Adams National Bank, Noi’th
Adams,...................................
Par Value.
Estimated
Market Value.
$5,300
$5,300 00
$5,300 00
1,900
2,489 00
1,900 00
$7,200
$7,789 00
$7,200 00
Amount Invested.
Total Amount o f Loans with Each Specified Bate o f Interest.
Amount.
$95,300 00
Rate.
5 per cent.
Amount.
$255,222 98
Rate.
6 per cent.
Amount.
Rate.
-
-
Number of loans which are o f an amount not exceeding $3,000 each, 244
Aggregate amount o f the s a m e , .............................................................................. $232,275 48
Total number of loans upon real e s t a t e , ................................................. 198
Amount of investments from which no income is received, .
.
.
.
5,300 00
Gross amount of interest or profits received or earned, as per books, during
21,945 20
year ending Oct. 31, 1891.............................................................................................
Times for the dividends fixed by the b y-law s: June 1 and December 1.
6,813 49
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1891................................................................12 per cent., 1
7,127 13
Number of accounts opened during the year ending Oct. 31, 1891,
. 710
Number of accounts closed during the year ending Oct. 31, 1891,
. 508
Total number of open accounts Oct. 31, 1891....................................... 2,012
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f taxes),
...................................................................................................
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Federal Reserve Bank of St. Louis
2,150 17
266
R E PO R T O F TH E
[Pub. D oc.
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................. $183,485 55
Number of s a m e , ........................................................................................ 4,098
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .....................................................................................................................
175,033 03
Number of s a m e , ........................................................................................ 1,946
Date of examination by commissioner: September 29.
C ommonwealth of M assachusetts .
B ek k sh ir e , ss .
N ov. 12, 1891.
Personally appeared W . W . Richmond, Treasurer o f the Hoosac Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
B e r k s h ir e , ss .
George P. Lawrence, Justice o f the Peace.
N ov . 16, 1891.
Personally appeared 0 . A . Archer, President, and Timothy Collins, James E . Hunter,
W . W . Butler, J. H . Flagg and Herbert E . Wetherbee, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
George P. Lawrence, Justice o f the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
267
SA Y IN G S B A N K COM M ISSION ERS
HOPKINTON SAVINGS BANK — HOPKINTON.
Incorporated March 23, 1867.
Present number of corporators, 26.
.Alvan A. Sweet, President.
W ebster W. Page, Treasurer.
Palmer Taylor, Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
A lvan A. Sweet,
A lonzo Coburn,
Samuel Crooks,
Charles H . Morse,
Lowell B. Maybry.
‘Open for business every business day, except Saturday, 9 a .m. to 12 m ., 1.30 to 4 p .m .;
Saturday, 9 a . m. to 12 m.
B a la n c e Sh e e t , O cto ber
L iab ilities .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock ,.
Railroad bonds as per schedule,
Loan on railroad bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Cash on hand,
.
.
.
.
31, 1891.
$19,700
60,170
6,500
62,700
15,000
1,872
203,311
15,593
00
24
00
00
00
09
00
00
365
8,621
1,000
95
00
54
00
12
$394,927 99
Deposits, .
Guaranty fund,
Profit and loss ac
count,
Real estate income
account,.
$372,095 79
12,664 08
10,141 12
27 00
$394,927 99
Cash on Deposit in Bank : —
Hopkinton National Bank, H opkinton,....................................................................$9,621 54
Loans on Bank Stock, amount on each : —
On 7 shares Home National Bank, M ilfo r d ,...........................................................$500 00
On 70 shares Home National Bank, M i l f o r d , .................................................
6,000 00
Loan on Railroad Bonds : —
•On $15,000 Nashua & Rochester R . R . , .................................................................... $15,000 00
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Federal Reserve Bank of St. Louis
268
R E P O R T O F TH E
[Pub. Doc.
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
of
Belfast, Me,, 6s, .
Bangor, Me,, 6s, .
Dayton, Ohio, 4s,
Portland, Me , 6s,
Estimated
Market Value.
$3,500
5,000
5,000
6,000
$19,500
$3,850
6,150
4,950
7,560
00
00
00
00
$22,510 00
Amount Invested.
$3,500
5,200
5,000
6,000
00*
00
00
00*
$19,700 00
* Legal investments when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
10 Greylock Nat’l Bank, Adams, .
50 Atlantic Nat’l Bank, Boston, .
61 Atlas National Bank, Boston, .
50 Continental N’l Bank, Boston,
25 Everett Nat’l Bank, Boston, .
15 Faneuil Hall N’l Bank, Boston,
13 N’l Hide & Leather B’k, Boston,
16 Howard Nat’l Bank, Boston, .
50 N’l B’k of Redemption, Boston,
15 N’l B’k of the Republic, Boston,
10 Nat’l Exchange Bank, Boston,
38 National Revere Bank, Boston,
40 North National Bank, Boston,
60 Shawmut Nat’l Bank, Boston,.
25 Franklin Nat’l Bank, Franklin,
5 Natick National Bank, Natick,
Estimated
Market Value.
$1,000
5,000
6,100
5,000
2,500
1,500
1,300
1,600
5,000
1,500
1,000
3,800
4,000
6,000
2,500
500
$48,300
$1,500
7,050
7,411
6,500
2,575
2,130
1,612
1,768
6,350
2,400
1,360
4,028
5,560
7,560
2,750
650
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
$61,204 50
Amount Invested.
$1,500
6,590
7,505
5,930
2,675
1,965
1,404
1,800
6,640
1,980
1,350
4,607
5,355
7,493
2,875
500
00
00
00
00
00
00
00
00
00
00
00
50
00
74
00
00
$60,170 24
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 7s, .
Old Colony R R. 7s,.
Old Colony R R 6s,.
Fitchburg R.R. 7s, .
Fitchburg R.R. 5s, .
Boston,Revere Beach & Lynn R.R. 6s,
Salem & Lowell R R 6s, .
Newport & Richford R R. 5s, .
Nashua & Lowell R R 5s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$5,000
6,000
2,000
3,000
5,000
10,000
10,000
10,000
10,000
$61,000
$5,150
6,300
2,160
3,150
5,250
10,900
11,200
10,400
10,700
00
00
00
00
00
00
00
00
00
$65,210 00
* A legal investment when made.
Amount Invested.
$5,000
6,000
2,000
3,000
5,100
10,500
10,500
10,300
10,300
00
00
00 .
00
00
00
00
00*
00
$62,700 00
N o. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
269
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$8,621 54
125,493 00
Rate.
Amount.
Rate.
Amount.
Rate.
2^ per cent.
5
$34,700 00
5^ per cent.
$80,576 00
6 per cent.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , ........................................................................................
$1,837 33
1,800 00
N et income received from same during year ending Oct. 31, 1891,
Number o f loans which are o f an amount not exceeding $3,000 each, 203
Aggregate amount of the same......................................................................................
27 00
121,769 00
Total number of loans upon real e s t a t e , .......................................
213
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
19,753 47
Times for the dividends fixed by the by-laws : first Saturday in May and
November.
Hate and amount of each semi-annual dividend during the |2 per cent., r
year ending Oct. 31, 1 8 9 1 , ...........................................................j 2 per cent., j
Num ber of accounts opened during the year ending Oct. 31, 1891,
191
Number o f accounts closed during the year ending Oct. 31, 1891,
120
Total number of open accounts Oct. 31, 1891........................................1,190
Total expenses o f the corporation for the year ending Oct. 31, 1891 (exclu
sive o f taxes)....................................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ........................................................................................
959
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ........................................................................................
Commonwealth
Middlesex,
of
6,293 39
6,848 32
1,825 29
79,839 68
63,849 77
814
Massachusetts.
ss.
N ov. 16, 1891.
Personally appeared Webster W . Page, Treasurer of the Hopkinton Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Middlesex,
ss.
George L. Hemenwat, Justice o f the Peace.
t
N ov. 16, 1891.
Personally appeared Alvan A . Sweet, President of said corporation, and made oath
that the annexed report is correct, according to his best knowledge and belief.
Before me,
M id d l e s e x , ss.
Josiah H. Carter, Justice o f the Peace.
N ov. 16, 1891.
Personally appeared Samuel Crooks, Alonzo Coburn, L. B. Maybry, Chas. L. Claflin
and William A . Frail, trustees o f said corporation, and severally made oath that the
annexed report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
George L. H emenway, Justice o f the Peace.
[Pub. D oc
R E P O R T O F TH E
270
HUDSON SAVINGS BANK — HUDSON.
Incorporated Feb. 26, 1869.
Present number of corporators, 41.
E dmund M . Stowe, President.
D aniel W . Stratton, Treasurer.
Joel M . Pettingill, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
E dmund M . Stowe,
Joseph S. Bradley,
H orace E. Stowe,
Luman T . Jepts,
George B. Cochran.
Open for business every business day, except Saturday, 9 a .m. to 12 m .; Saturday,.
9 a .m . to 12 m., 1 to 5 p. m., 6 to 8 p.m .
B ala n c e Sh e e t, O ctober
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Deposits in banks, not on inter
est.....................................................
Expense account,
Cash on hand,
. ^ .
31, 1891.
$48,820
32,300
1,600
66,500
411
428,500
18,350
00
00
00
00
97
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$607,891 60
13,600 00
2,804 67
10,995 39
32,700 00
4,800 00
91 50
123 50
1,094 69
$635,291 66
$635,291 66
Cash on Deposit in B a n k : —
Hudson National Bank, H u d s o n ,.............................................................................. $4,891 59
Loans on Bank Stock, amount on each: —
On 11 shares First National Bank, C l i n t o n ,...........................................................
On 8 shares Hudson National Bank, H u d s o n , ................................................
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Federal Reserve Bank of St. Louis
1,100 00
500 00
No. 8 .]
271
SA Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Public Funds.
Par Value.
City of Cleveland, Ohio, 6s,
Town of Clinton, Mass., 4s,
City of Columbus, Ohio, 4s,
of Fall River, Mass , 5s, .
of Fall River, Mass , 6s, .
of Grand Rapids, Mich., 5s,
Town of Hopkinton, Mass., 4s,
of Northampton, Mass., 6s, .
City of Taunton, Mass., 4s,
$5,319
12,342
6,785
5,793
2,239
5,424
5,025
3,030
5,050
$5,000
12,000
7,000
5,000
2,000
5,000
5,000
3,000
5,000
$49,000
*
Estimated
Market Value.
00
00
50
50
80
00
00
00
00
$51,008 80
Amount Invested.
$5,000
12,000
7,000
5,000
2,000
5,000
5,000
2,820
5,000
00
00
00*
00
00
00
00
00
00
$48,820 00
A legal investment when made.
No. of
Shares.
Detailed Statement of Bank Stocks.
25
4
57
60
75
50
27
25
Par Value.
Howard Nat’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston,
Third National Bank, Boston,
Hudson Nat’l Bank, Hudson, .
National Citv Bank, Lynn,
Nat’l Webster Bank, Boston, .
Boston Nat’l Bank, Boston,
$2,500
400
5,700
6,000
7,500
5,000
2,700
2,500
$32,300
Estimated
Market Value.
$2,750
362
6,925
6,330
8,250
9,750
2,700
2,787
00
00
50
00
00
00
00
50
$39,855 00
Amount Invested.
$2,500
400
5,700
6,000
7,500
5,000
2,700
2,500
00
00
00
00
00
00
00
00
$32,300 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 7s,
Boston & Lowell R.R. 5s,
Boston & Maine R.R. 7s, .
Boston, Revere Beach & Lynn R.R. 6s,
Fitchburg R R. 5s, .
Eastern R.R. 6s,
. . .
Old Colony R.R. 6s,.
Cheshire R.R. 6s,
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Federal Reserve Bank of St. Louis
Estimated
Market Value.
$10,000
5,000
5,500
10,000
20,000
5,000
6,000
5,000
$10,075
5,295
5,665
10,914
21,408
6,200
6,540
5,487
00
00
00
00
30
00
00
50
$66,500
$71,584 80
Amount Invested.
$10,000
5,000
5,500
10,000
20,000
5,000
6,000
5,000
00
00
00
00
00
00
00
00
$66,500 00
[Pub. D oc.
R E P O R T O F TH E
272
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
2£ per cent.
4
“
4i
“
$208,150 00
131,775 00
106,075 00
Amount.
$4,800 00
14,200 00
18,500 00
Rate.
5
5i
6
per cent.
“
Rate.
Amount.
6J per cent.
7
7è
“
$100 00
1,150 00
1,200 00
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the same............................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 302
Aggregate amount o f the s a m e , ..............................................................................
Total number o f loans upon real e s t a t e , ................................................. 326
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891.....................................................................................
Times for the dividends fixed by the by-law s: third Wednesday in January
and July.
Rate and amount of each semi-annual dividend during the ) 2 per cent.,
t .,r
year ending Oct. 31, 1 8 9 1 , ........................................................... j 2 per cent t .,1
Number of accounts opened during the year ending Oct. 31, 1891,
. 409
Number of accounts closed during the year ending Oct. 31, 1891,
. 347
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,142
Total expenses of the corporation for the year ending Oct. 31, 1891
$411 97
550 00
278,825 00
31,440 23
10,829 11
11,326 78
(exclusive of taxes), .................................................
Amount of deposits, not including dividends, received during the year
1,718 20
ending Oct. 31, 1 8 9 1 , .................................................
Number of the s a m e , .................................................
Amount of withdrawals, including dividends, during the year ending
153,971 00
Oct. 31, 1 8 9 1 , ...........................................................
Number of s a m e , ........................................................................................ 1,522 1.522
Date o f examination by commissioner: February 9.
146,054 44
Commonwealth
Middlesex ,
ss.
of
Massachusetts.
N ov. 17, 1891.
Personally appeared Daniel W . Stratton, Treasurer o f the Hudson Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
Middlesex , ss.
Fred O. W elsh, Justice o f the Peace.
Nov. 17, 1891.
Personally appeared Edmund M . Stowe, President, and J. L . Harriman, W illiam H .
Brigham, Horace E . Stowe, John H. Robinson and Joel M. Pettengill, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
Fred O. W elsh, Justice o f the Peace.
No. 8 .]
273
SA Y IN G S B A N K COM M ISSION ERS
HYDE PARK SAVINGS BANK — HYDE PARK.
Incorporated March 8, 1871.
Present number of corporators, 37.
R obert Bleakie, President.
A rthur H. Burt, Treasurer.
A rthur H. B urt, Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
Robert Bleakie,
Sidney C. P utnam,
H enry S. Bunton,
W illiam J. Stuart,
David Perkins.
Open for business every business day, 2 to 6 p .m . ; also Wednesday and Saturday,
7 to 9 p. m .
B a l a n c e Sh e e t , O cto ber
L ia b ilit ie s .
A ssets .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
31,1891.
$3,700
25.000
212,840
91,014
00
00
00
50
28.000
6,700
550
5,679
00
86
45
02
Deposits, .
Guaranty fund,
Interest account,
Profit and loss
count,
.
$334,314 46
10,473 65
7,548 12
21,148 60-
$373,484 83
$373,484 83
Cash on Deposit in Banks, amount in each: —
Continental National Bank, B o s t o n , .................................................................... $ 5 ,86171
Maverick National Bank, B o s t o n , .....................................................................
839 15
No. of
Shares.
Detailed Statement o f Bank Stocks.
13
10
14
Freeman’s Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
First N’l Bank, Newburyport,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
$1,300
1,000
1,400
$1,301 62
1,277 50
1,792 00
$1,300 00
1,000 00
1,400 00
$3,700
$4,371 12
$3,700 00
Amount Invested.
274
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R 6s,
Boston & Albany R R. 7s,
Boston & Maine R.R. 7s, .
Boston & Providence R.R. 7s, . .
Boston, Revere Beach & Lynn R.R. 6s,
Fitchburg R.R. 5s, .
Old Colony R.R. 6s,
. . .
Old Colony R.R. 7s,.
$4,000
1,000
1,000
1,000
5,000
7,000
5,000
1,000
$25,000
Estimated
Market Value.
$4,280
1,007
1,055
1,040
5,457
7,389
5,450
1,057
Amount Invested.
00
50
00
00
00
20
00
10
$26,735 80
$4,000
1,000
1,000
1,000
5,000
7,000
5,000
1,000
00
00
00
00
00
00
00
00
$25,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount.
$5,861
839
28,000
16,000
71
15
00
00
2 per cent.
H
“
4
“
4*
“
Amount.
$6,500 00
56,000 00
217,154 50
Kate.
5 per cent.
5i
“
6
Amount.
$3,000 00
2,900 00
2,300 00
Rate.
64 per cent.
7
8
Number of loans which are o f an amount not exceeding $3,000 each, . 151
Aggregate amount of the same............................................................................ .........
Total number of loans upon real e s t a t e , .................................................143
$188,855 36
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the by-law s: January 1 and July 1.
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ...........................................................1 2 per cent., I
Number of accounts opened during the year ending Oct. 31, 1891,
554
Number of accounts closed during the year ending Oct. 31, 1891,
356
Total number of open accounts Oct. 31, 1891....................................... 2,112
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f t a x e s ),...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891........................................................................................................
193,079 04
Number of same.............................................................................................. 3,877
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891................................................................................................................................
169,903 73
Number of s a m e , ........................................................................................ 2,475
Date o f examination by commissioner: February 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
20,101 85
5,301 17
5,564 92
1,527 98
No. 8 .]
N orfolk,
SA Y IN G S B A N K CO M M ISSION ERS.
ss.
Commonwealth
of
275
Massachusetts.
N ov. 14, 1891,
Personally appeared Arthur H . Burt, Treasurer of the Hyde Park Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
N orfolk,
ss.
A lexander H. Holway, Justice o f the Peace.
N ov. 14,1891.
Personally appeared Robert Bleakie, President, and W illiam J. Stuart, David Per
kins, Sidney C. Putnam, Henry S. Bunton, and ltinaldo W illiam s, trustees of said cor.
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
A lexander H. H olway, Justice o f the Peace.
276
R E P O R T O F TH E
[Pub. D oc.
INSTITUTION FOR SAVINGS IN NEWBURYPORT
ITS V IC IN IT Y — NEWBURYPORT.
Incorporated Jan. 31. 1820.
AND
Present number of corporators, 87.
E dward S. Mosely, President.
P hilip K . H ills, Treasurer.
Lawrence W. Piper, Clerk o f the Corporation.
Names o f committee charged with the investment o f its fund s:
E dward S. Mosely,
Samuel March,
W illiam H. Swasey,
H enry B. Little,
L. B. Cushing.
Open for business every business day, except Saturday, 9 a .m. to 1 p .m ., 2.30 to 4 p.m . ;
Saturday, close at 1 p. m.
B alan c e Sh ee t, O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loans on railroad stocks, .
Railroad notes, .
.
.
.
Real estate (for bankingpurposes),
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
31, 1891.
L ia b il it ie s .
$899,000
937,470
46,450
425,000
131,800
75,000
50,000
10,000
790,587
1,770,159
00
00
00
00
00
00
00
00
00
00
Deposits, .
Guaranty fund,
Profit and loss
count,
$5,312,393 62
265,000 00
ac69,125 51
348,600 00
161,227 67
1,225 46
$5,646,519 13
$5,646,519 13
Cash on Deposit in Banks, amount in each : —
Mechanicks’ National Bank, N e w b u ry p o r t,.......................................................... $9,238 88
Powow River National Bank, A m e s b u r y , ...........................................................
35,000
Essex National Bank, H a v e r h ill,..............................................................................
25,000
National Revere Bank, B o s t o n , ..............................................................................
76,988
National Pemberton Bank, L a w r e n c e ,.....................................................................
15,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
79
00
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
277
Loans on Bank Stock, amount on each: —
On 53 shares Mechanicks’ National Bank, Newburyport,
.
.
.
•1
On 88 shares Merchants’ National Bank, Newburyport....................................... 1
*6
’
On 7 shares Mechanicks’ National Bank, Newburyport,
.
.
.
.
On 75 shares Fourth National Bank, B o s t o n , .................................................
On 200 shares Broadway National Bank, B o s t o n , .......................................
650 00
7,500 00
16,000 00
On 195 shares Traders’ National Bank, B o s t o n ,................................................. 1
On 7 shares Grafton National Bank, G r a f t o n , ................................................ J
16 000 00
’
300
00
Loans on Railroad Bonds, amount on each: —
On
On
On
On
On
$25,000 Maine Central R . R . , ....................................................................................$25,000
$6,000 Boston & Albany R
E , , ....................................................................
6,000
50,000
$50,000 Concord & Montreal R .R .........................................................................
$1,000 Boston & Maine R .R ....................................................................................
800
$50,000 Boston & Maine R .R ..................................................................................
50,000
00
00
00
00
00
Loans on Railroad Stock, amount on each : —
On 500 shares Old Colony R .R .................................................................................... $50,000 00
On 250 shares Boston & Maine R . R , .....................................................................
25,000 00
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 3^s,
of Boston, Mass., 4s,
of Bangor, Me , 7s, .
of Concord, N. H., 6s,
of Dayton, Ohio, 5s,
of Des Moines, Iowa, 4|s,
of Holyoke, Mass , 6s,
of Lynn, Mass , 6s, .
of Lynn, M ass,»4s, .
of Lynn, Mass., 3Js,
of Lewiston, Me , 6s,
of Lawrence, Mass , 4s, .
of Lowell, Mass ,4s,
of Nashua, N. H , 6s,
of Nashua, N. H , 4s,
of Newburyport, Mass , 4s,
of Springfield, Mass., 7s,
of Somerville, Mass , 4s,
of Worcester, Mass , 3|s,
of Waltham, Mass , 4s, .
Town of Beverly, Mass., 4s, .
of Melrose, Mass., 7s, .
of Marlborough, Mass , 4s, .
of Marblehead, Mass , 4s,
of Turner’s Falls, M ass, 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
100,000
25,000
35,000
15,000
25,000
25,000
50,000
50,000
25,000
10,000
30,000
20,000
50,000
25,000
177,000
40,000
11,000
25,000
19,000
14,000
8,000
31,000
29,000
10,000
Estimated
Market Value.
$49,000
102,500
29,125
36,175
15,675
25,000
28,375
52,500
51,250
24,500
11,350
30,000
20,000
50,000
25,125
178,770
51,000
11,055
24,500
19,190
14,140
8,080
31,310
29,290
10,000
Amount Invested.
00
$50,000 00
00
100,000 00
00
25,000 00
00
35,000 00
00
15,000 00
00
25,000 00
00
25,000 00
00
50,000 00
00 • 50,000 00
00
25,000 00
00
10,000 00
00
30,000 00
00
20,000 00
00
50,000 00
00
25,000 00
00
177,000 00
00
40,000 00
00
11,000 00
00
25,000 00
00
19,000 00
00
14,000 00
00
8,000 00
00
31,000 00
00
29,000 00
00
10,000 00
$899,000 $927,910 00 $899,000 00
278
[Pub. D oc
R E P O E T O F TPIE
No. of
Shares.
Detailed Statement o f Bank Stocks.
122
750
47
37
100
108
300
221
250
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston,
Old Boston N’l Bank, Boston,
National City Bank, Boston, .
Columbian N’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Com
monwealth, Boston,
286 Nat’l Eagle Bank, Boston,
74 Eliot National Bank, Boston, .
100 Nat’l Exchange B’k, Boston, .
240 Faneuil Hall N’l Bank, Boston,
100 First National Bank, Boston, .
270 Freeman’s Nat'l Bank, Boston,
142 Globe National Bank, Boston,
250 Hamilton Nat'l Bank, Boston,
150 National Hide and Leather
Bank, Boston,
267 Howard Nat’l Bank, Boston, .
508 Market Nat’l Bank, Boston, .
83 Massachusetts N’l B’k, Boston,
200 Maverick Nat’l Bank, Boston,
173 Merchants’ N ’l Bank, Boston,.
100 New England N’l B’k, Boston,
302 North National Bank, Boston,
60 N’l B’k of No America, Boston,
258 Nat’l Bank of Redemption,
Boston,
.
.
.
.
375 Nat’l Revere Bank, Boston,
480 Second Nat’l Bank, Boston,
200 Shawmut Nat’l Bank, Boston,
400 Shoe and Leather National
Bank, Boston,
69 State National Bank, Boston, .
225 Suffolk Nat’l Bank, Boston,
280 Traders’ Nat’l Bank, Boston, .
500 Tremont Nat’l Bank, Boston,
208 National Union Bank, Boston,
353 Washington N’l B’k, Boston, .
200 Nat’l Webster Bank. Boston, .
215 Mechanicks’ National Bank,
Newburyport,
1,226 Merchants’ National Bank,
Newburyport,
105 Ocean N’l B’k, Newburyport,
14 First N’l B’k, Newburyport, .
60 Gloucester N’l B’k, Gloucester,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
$12,200
75,000
4,700
3,700
10,000
10,800
30,000
22,100
$17,293
91,125
4,700
4,144
11,825
9,600
32,175
28,232
00
00
00
00
00
00
00
00
$12,200
75,000
4,700
3,700
10,000
10,800
30,000
22,100
00
00
00
00
00
00
00
00
25,000
28,600
7,400
10,000
24,000
10,000
27,000
14,200
25,000
46,312
29,458
9,028
13,675
34,110
24,025
27,034
14,235
30,000
00
00
00
00
00
00
00
00
00
25,000
28,600
7,400
10,000
24,000
10,000
27,000
14,200
25,000
00
00
00
00
00
00
00
00
00
15,000
26,700
50,800
8,300
20,000
17,300
10,000
30,200
6,000
18,600
29,503
50,800
8,985
00
00
00
00
25,864
16,400
42,053
7,410
00
00
00
00
15,000
26,700
50,800
8,300
20,000
17,300
10,000
30,200
6,000
00
00
00
00
00
00
00
00
00
25,800
37,500
48,000
20,000
32,766
39,844
88,920
25,200
00
00
00
00
25,800
37,500
48,000
20,000
00
00
00
00
40,000
6,900
22,500
28,000
50,000
20,800
35,300
20,000
37,200
8,401
23,906
28,000
51,125
29,172
42,007
20,000
00
00
00
00
00
00
00
00
40,000
6,900
22,500
28,000
50,000
20,800
35,300
20,000
00
00
00
00
00
00
00
00
21,500
26,875 00
21,500 00
24,520
5,250
1,400
6,000
35,554
6,825
1,792
8,100
24,520
5,250
1,400
6,000
-
00
00
00
00
00
00
00
00
$937,470 $1,132,273 00 $937,470 00
No. 8 .]
279
SA Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Railroad Bonds.
Par Value.
Eastern R R. 6s,
Old Colony R R. 4s,
. . .
Vermont & Massachusetts R.R. 5s, .
Fitchburg R R. 4s, .
Fitchburg R.R. 4^s, .
.
.
.
Fitchburg R.R. 5s, .
Boston & Lowell R R. 4s,
Boston & Lowell R.R 6s,
Portland & Kennebec R R. 6s,
Dexter & Piscataquis R R. 4 s ,.
Concord & Montreal R R. 4s, .
$50,000
60,000
25,000
75,000
80,000
25,000
50,000
5,000
15,000
15,000
25,000
Estimated
Market Value.
$60,750
60,450
26,375
70,500
79,200
25,625
50,000
5,300
15,675
15,000
25,000
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
$50,000
60,000
25,000
75,000
80,000
25,000
50,000
5,000
15,000
15,000
25,000
00
00
00
00
00
00
00
00
00
00
00
$425,000 $433,875 00 $425,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$9,238
76,988
57,800
241,550
6,000
85,300
Rate.
88
79
00
00
00
00
24
34
3£
4
44
44
per cent.
“
“
“
“
“
Amount.
$239,000
193.000
50,000
1,444,700
350.000
00
00
00
00
00
Rate.
4£ per cent.
4J
“
4J
“
5
“
5|
“
Amount.
$25,000
339,295
4,000
229,451
22,500
00
00
00
00
00
Rate.
5§ per cent.
5£
5§
“
6
“
6£
“
$ 10,000
Amount invested in real estate for banking p u r p o se s,.......................................
18,000
Estimated value of the s a m e , ..............................................................................
19,500
Assessed value of the s a m e , .......................................................................................
Number o f loans which are of an amount not exceeding $3,000 each, 440
467,582
Aggregate amount of the s a m e , .............................................................................
Total number of loans upon real e s t a t e , ................................................ 435
Gross amount of interest or profits received or earned, as per books,
268,642
during year ending Oct. 31, 1891..............................................................................
Times for the dividends fixed by the by-laws : fourth Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the 1 2 per cent., r 101,560
127,260
year ending Oct. 31, 1 8 9 1 , ..........................................................j 2£ per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
1,060
Number of accounts closed during the year ending Oct. 31, 1891,
. 986
.
.
.
.
11,356
Total number of open accounts Oct. 31, 1891,
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
7,188
clusive of t a x e s ) ,..........................................................................................................
Amount of deposits, not including dividends, received during the year
538,443
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number o f s a m e , .................................................................................................5,989
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891,.............................................................................................................................
Number of s a m e , .................................................................................................6,316
Date of examination by commissioner: October 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
28
34
53
47
71
664,900 66
280
R E P O R T O F TH E
Co m m o n w ea lth
E ssex,
of
[Pub. D oc
M assa ch u setts.
N ov. 16, 1891,
ss .
Personally appeared Philip K . Hills, Treasurer of the Institution for Savings in
Newbury port and its Vicinity, and made oath that the foregoing statement, by him sub
scribed, is a true and correct statement of all the resources and liabilities of said
institution, and that the answers made by him to the foregoing interrogatories contain
the whole truth in reference to the matters to which they relate, according to his best
knowledge and belief.
Before me,
E ssex,
N a t h a n ie l N . J o n e s , Justice o f the Peace.
N ov. 16, 1891.
ss ,
Personally appeared Edward S. Mosely, President, and W illiam H . Swasey, L. B.
Cushing, Samuel March, Henry B. Little and E . F . Stone, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best knowl
edge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
N a t h a n ie l N . J o n e s , Justice o f the Peace.
No. 8 .]
281
S A Y IN G S B A N K CO M M ISSION ERS
INSTITUTION
FOR SAYINGS IN ROXBURY AND ITS
VIC IN IT Y —BOSTON.
Incorporated Feb. 25, 1825.
Present number of corporators, 50.
A u t h o r W . T xjfts, President.
E dw ard R
ic h a r d s ,
Treasurer.
E d w a r d R i c h a r d s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A r t h u r W . T u fts,
A u g u stu s R ic h a r d s o n ,
John D . W il l ia m s ,
W a l t e r H . C o w in g .
Open for business every business d a y, 9
B alan ce Sh e e t , O ctober
a .m .
to 4
p .m .
31, 1891.
L ia b ilit ie s .
A ssets .
$100,000
8,260
205,067
3.000
608,000
1.000
50,000
690,000
8,267
1,632,869
1,544,657
Public funds as per schedule, .
Loans on public funds,#
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loan on railroad bonds, .
Loan on railroad stock,
Railroad notes, .
.
.
.
Real estate by foreclosure,
Loans on reai estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,.......................................
Deposits in banks, on interest, .
Cash on hand....................................
00
00
09
00
00
00
00
00
26
03
10
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$5,193,383 44
192,200 00
20,603 66
3,800 00
277,500 00
267,095 22
14,271 40
$5,409,987 10
$5,409,987 10
Cash on Deposit in Banks, amount in each : —
$77,986 69
127,940 21
61,168 32
National Rockland Bank, Boston, .
Washington National Bank, Boston,
North National Bank, Boston,
Loans on Public Funds, amount on each : —
On $3,000 United States 4Js.................................
On $1,000 Cambridge, M ass., 5s, .
On
On
On
On
$1,000
$1,500
$1,000
$1,000
Providence, R . I., 5s,
.
United States 4Js, .
.
Cambridge, M ass., 4s, .
Old Colony R .R . 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
$3,000 00
2,000 00
1,460 00
1,800 00
282
[Pub. D oc
R E P O R T O F TH E
Loan on Bank Stock: —
On 30 shares National Rockland Bank, B o s t o n ,................................................ $3,000 00
Loan on Railroad Bonds : —
On $1,000 Boston & Albany R .R . 7 s , .....................................................................$1,000 00
Loan on Railroad Stock: —
On 416 shares Boston & Maine R . R . , .................................................................... $50,000 00
Detailed Statement o f Public Funds.
Par Value.
C itj of Boston, Mass , 6s,
of Boston, Mass., 4s,
of Cleveland, Ohio, 5s,
.
$51,000
30,000
19,000
$100,000
Estimated
Market Value.
Amount Invested.
$56,100 00
30,000 00
19,000 00
$51,000 00
30,000 00
19,000 00
$105,100 00 $100,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
_______________________________•
20
60
50
15
37
200
5
30
25
257
210
173
150
21
52
55
8
9
32
510
Par Value.
First Nat’l Bank, Danvers,
Atlas National Bank, Boston,.
Atlantic Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
First National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Market National Bank, Boston,
North National Bank, Boston,
People’s Nat’l Bank, Boston, .
Nat’ l Rockland Bank, Boston,
Nat’l Revere Bank, Boston,
N’l B’k of the Republic, Boston,
State National Bank, Boston, .
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,500
6,000
5,000
1,500
3,700
20,000
500
3,000
2,500
25,700
21,000
17,300
15,000
2,100
5,200
5,500
800
900
3,200
51,000
$191,400
Estimated
Market Value.
$1,500
7,260
7,050
1,905
3,811
48,000
550
3,600
2,500
35,723
34,020
26,469
15,900
3,360
6,292
10,175
744
954
3,264
60,690
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,500
6,000
5,000
2,000
4,144
20,000
606
3,580
2,500
25,680
21,000
19,430
15,000
2,698
5,993
5,500
872
1,070
3,762
58,729
00
00
00
00
00
00
25
00
00
47
00
00
00
87
00
00
00
25
75
50
$273,767 00 $205,067 09
No. 8 .]
283
S A Y IN G S B A N K COM M ISSION ERS.
Detailed Statement o f Bailroad Bonds.
Par Value.
Fitchburg R R. 5s, .
Fitchburg R R. 4is, .
.
Fitchburg R.R. 4s, .
Boston & Albany R.R. 7s,
.
Estimated
Market Value.
Amount Invested.
$100,000 $105,000 00 $100,000 00
257.000 00
257.000
262,140 00
140.000 00
150.000 00
150.000
111.000 00
111.000
111.000 00
.
$618,000
$628,140 00 $608,000 00
Total Amount o f Loans with Each Specified Bate of Interest.
Amount.
$75,000
179,827
12,907
80,000
25,000
Rate.
00
96
10
00
U0
2£ per cent.
3
3|
“
4
“
4*
Amount.
$25,500
376,975
95,000
2,160,821
225,000
00
00
00
29
00
Rate.
4| per cent.
4i
“
5
5i
Rate.
Amount
$845,650
3,400
350,800
17,500
1,000
00
00
00
00
00
5£ per cent.
5|
6
“
7
7 3
•TÔ
u
Value, by books, of real estate held or owned by foreclosure or otherwise,
$8,267 26
Assessed value of the s a m e , ........................................................................................
11,100 00
Net income received from same during year ending Oct. 31, 1891,
.
.
100 00
Number of loans which are of an amount not exceeding $3,000 each,
216
Aggregate amount of the s a m e , ..............................................................................
378,376 26
Total number of loans upon real e s t a t e , .................................................361
Amount of investments from which no income is received, .
.
.
.
12,907 10
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1891.............................................................................................
255,684 92
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount o f each semi-annual dividend during the 1 2 per cent., f
94,807 37
year ending Oct. 31, 1 8 9 1 , ...........................................................J 2 per
cent., 1
95,78380
Number o f accounts opened during the year ending Oct. 31,1891,
2,490
Number of accounts closed during the year ending Oct. 31, 1891,
1,923
Total number of open accounts Oct. 31, 1891,
.
.
.
.
13,760
Total expenses o f the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) ,........................................................................................................
8,36361
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ....................................................................................................... 1,106,76700
N umber o f s a m e , .............................................................................................. 17,080
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891..................................................................................................................................... 1,077,02169
Number o f s a m e , ...............................................................................................12,294
Date of examination by commissioner: August 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
284
R E P O R T O F TH E
[Pub. D oc.
Co m m o n w ea lth o r M assach u setts.
Suffo lk ,
ss .
N ov . 9, 1891.
Personally appeared Edward Richards, Treasurer of the Institution for Savings in
Roxbury and its Vicinity, and made oath that the foregoing statement, by him subscribed,
is a true and correct statement of all the resources and liabilities of said institution, and
that the answers made by him to the foregoing interrogatories contain the whole truth
in reference to the matters to which they relate, according to his best knowledge and
belief.
Before me,
Suffo lk ,
ss .
R obert B. Fairbairn, Justice o f the Peace.
N ov . 10, 1891.
Personally appeared Arthur W . Tufts, President, and John D. W illiam s, Walter H .
Cowing, Samuel Little, S. A . Bolster and Danforth C. Hodges, trustees of said corpora
tion, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
R obert B . Fairbairn, Justice o f the reace.
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
285
IPSWICH SAVINGS BANK —IPSW ICH.
Incorporated March 20, 1869.
Present number of corporators, 24.
J o sep h R o ss , President.
T h e o d o r e F . C o g s w e l l , Treasurer.
T h e o d o r e F . C o g s w e l l , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W
il l i a m
W il l c o m b ,
R obert Jordan,
J. B. G r a n t ,
C. A . S a y w a r d ,
T homas H . L o rd .
Open for business every business day, 8.30 a . m . to 12.30
B alan ce S h eet, O ctober
Saturday, 3 to 5 p . m .
31, 1891.
L iab ilit ie s .
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Deposits in banks on interest, .
Deposit in bank, not on interest, .
Cash on hand,
.
.
.
.
p .m . ;
$49,680
800
57,025
52,000
675
195,780
7,175
00
00
00
00
00
00
00
6,600
22,491
537
6,230
00
18
87
81
$398,994 86
Deposits, .
Guaranty fund,
Interest account,
$383,903 47
9,500 00
5,591 39
$398,994 86
Cash on Deposit in Banks, amount in each : —
First National Bank, S a le m ,........................................................................................ $12,537 87
Merchants’ National Bank, S a l e m , .....................................................................
5,640 05
Fourth National Bank, Boston..................................................................
4,851 13
Loan on Public Funds : —
On $1,000 Newton, Mass., 6 s ,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
286
R E P O R T O F TH E
[Pub. D oc.
Detailed Statement o f Public Funds.
•
Par Value.
City of
of
of
of
of
of
of
of
of
of
Manchester, N. H., 6s,
Keene, N. H., 5s,.
Providence, R. 1 , 5s, .
Bangor, Me., 6s, .
Dover, N. H , 6s,.
Lewiston, Me , 5s,
East Saginaw, Mich , 4^s, .
Boston, Mass., 3|s,
Salem, Mass , 4s,.
Boston, Mass , 4s,
$600
2,500
5,000
1,000
500
2,000
5,000
15,000
8,000
10,000
$49,600
Estimated
Market Value.
$636
2,750
5,750
1,150
550
2,300
5,250
15,000
8,280
10,350
00
00
00
00
00
00
00
00
00
00
$52,016 00
Amount Invested.
$600
2,500
5,000
930
500
2,000
5,000
15,000
8,n00
10,150
00
00
00
00
00
00
00
00
00
00
$49,680 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
10 Atlas National Bank, Boston, .
10 Blackstone Nat’l Bank, Boston,
10 Continental N’l Bank, Boston,
4 N’l B’k of Commerce, Boston,
18 Eliot National Bank, Boston, .
20 Freeman’s Nat’l Bank, Boston,
25 Globe National Bank, Boston,
10 Hamilton Nat’l Bank, Boston,.
20 Howard Nat’l Bank, Boston, .
36 Merchants’ N’l Bank, Boston,.
25 N’l B’k of the Republic, Boston,
40 New England N’l B’k, Boston,
8 Nat’l Revere Bank, Boston,
30 N’l B’k of Redemption, Boston,
4 Second Nat’l Bank, Boston,
10 Tremont Nat’l Bank, Boston, .
24 National Union Bank, Boston,
20 Gloucester N’l B’k, Gloucester,
8 N’l Grand Bank, Marblehead,
63 Asiatic National Bank, Salem,
13 Nat’l Exchange Bank, Salem,.
43 First National Bank, Salem, .
41 Merchants’ Nat’l Bank, Salem,
19 Mercantile Nat’l Bank, Salem,
27 Naumkeag Nat’l Bank, Salem,
21 Salem National Bank, Salem,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$1,000
1,000
1,000
400
1,800
2,000
2,500
1,000
2,000
3,600
2,500
4,000
800
3,000
400
1,000
2,400
2,000
800
1,890
1,300
4,300
2,050
1,900
2,700
2,100
$49,440
Estimated
Market Value.
$1,220
1,000
1,305
512
2,196
2,000
2,500
1,200
2,210
5,400
4,000
6,560
848
3,810
740
1,020
3,360
2,700
880
2,520
1,625
5,590
2,788
2,375
3,861
2,730
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$64,950 00
Amount Invested.
$1,000
1,000
1,000
400
1,800
2.000
2,500
1,180
2,000
4,500
3,150
5,800
800
3,600
580
1,000
3,048
2,500
824
1.890
1,300
4,945
2,460
2,090
3,348
2,310
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$57,025 00
No. 8 .]
287
S A Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R R. 4|s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 7s,
Fitchburg R R 4|s, .
Old Colony R.R. 4 s ,.
Maine Central R.R. 4^s, .
$1,000
10,000
1,000
10,000
20,000
10,000
$52,000
Estimated
Market Value.
$1,050
10,600
1,060
10,200
20,200
10,600
Amount Invested.
00
00
00
00
00
00
$53,710 00
$1,000
10,000
1,000
10,000
20,000
10,000
00
00
00
00
00
00
$52,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$10,491 18
14,000 00
Kate.
3 per cent.
4
Amount.
$800 00
3,800 00
Rate.
4| per cent.
5
Amount.
$1,400 00
202,355 00
Rate.
5J per cent.
6
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 260
Aggregate amount of the s a m e , ..............................................................................
$675 00
500 00
18 75
180,405 00
Total number of loans upon real e s t a t e , ................................................. 249
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1891.............................................................................................
Times for the dividends fixed by the by-law s: fourth Wednesday in
January and July.
Rate and amount of each semi-annual dividend during the ) 2 per cent.; f
year ending Oct. 31, 1 8 9 1 ,...........................................................j 2 per cent., 1
Number o f accounts opened during the year ending Oct. 31, 1891,
. 333
Number of accounts closed during the year ending Oct. 31, 1891,
. 273
Total number of open accounts Oct. 31, 1891....................................... 1,719
Total expenses o f the corporation for the year ending Oct. 31, 1891 (e x
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
106,961 38
Number of s a m e , ........................................................................................1,656
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .....................................................................................................................
118,551 52
Number of same.............................................................................................. 1,255
Date of examination by commissioner: May 22.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2,800 00
20,688 04
7,067 65
6,992 02
1,470 97
288
Comm onw ealth
E ssex,
[Pub. D oc.
R E P O R T O F TH E
ss.
of
M assa ch u setts.
I p s w i c h , N ov . 14, 1891.
Personally appeared Theodore F . Cogswell, Treasurer of the Ipswich Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex ,
ss.
C h a s . W . B a m f o r d , Justice o f the Peace.
I p s w i c h , N o v . 14, 1891.
Personally appeared Joseph Ross, President, and Nath’l R . Farley, Thomas H . Lord,
Chas. A . Sayward, Robert Jordan, Frederic W illcomb and John A . Blake, trustees of
said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
C h a s . W . B a m f o r d , Justice o f the Peace.
No. 8 .]
289
SA Y IN G S B A N K COM M ISSION ERS
LAW RENCE SAVINGS BANK — LAW RENCE.
Incorporated March 10, 1868.
Present number of corporators, 46.
II ezekiah Plummer, President.
W illiam It. Spalding, Treasurer.
W illiam R. Spalding, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
H ezekiah Plummer,
John R. Poor,
R . H . Tewksbury,
J. S. N eedham,
A . E . M ack.
Open for business every business day, except Saturday, 9 a .m . to 1 p.m . ; Saturday,
9 a .m . to 12 m ., 7 to 8 p .m .
B a la n c e Sh e e t , O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns,
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.
31, 1891.
L ia b ilit ie s .
$59,000
82,200
13,880
115,000
331,140
189,560
00
00
00
00
00
00
7,500
350
42,298
5,000
2,648
1,534
00
00
10
00
73
58
Deposits, .
Guaranty fund,
Interest account,
$850,111 41
$799,192 35
17,810 00
33,109 06
$850,111 41
Cash on Deposit in Banks, amount in each: —
National Pemberton Bank, L a w re n c e ,.....................................................................$27,298 10
Arlington National Bank, L a w r e n c e ,....................................................................
20,000 00
Loans on Bank Stock, amount on each: —
On 10 shares Bay State National Bank, L a w r e n c e , ....................................... $700 00
On 28 shares Old Lowell National Bank, L o w e ll,................................................. i
On 8 shares National Pemberton Bank, L a w r e n c e , ....................................... J
2,800 00
On 5 shares Pacific National Bank, L a w r e n c e ,.................................................
On 100 shares Arlington National Bank, L a w r e n c e ,.......................................
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Federal Reserve Bank of St. Louis
380 00
10,000 00
¡ü
I
i
290
E E P O E T O F TH E
'Pub. D oc.
Detailed Statement o f Public Funds.
Estimated
Market Value.
i
1
1
1
I
1
City of Chicago, 111, 7s, .
of Cleveland, Ohio, 5s,
of Columbus, Ohio, 6s,
Town of Danvers, Mass , 4s,
City of Dayton, Ohio, 5s,
of Fall River, Mass , 6s,
of Keene, N H,, 4s,
of Lawrence, Mass , 6s,
of Lowell, Mass., 4s,
of Pawtucket, R. I., 6s,
of Waltham, Mass , 4s,
of Worcester, Mass , 6s,
United States 6s,
.
.
.
.
.
.
.
.
$1,000
6,000
10,000
9,000
10,000
2,000
6,000
1,000
1,000
3,000
5,000
4,000
1,000
$59,000
$1,037
6,265
10,200
9,110
10,868
2,450
6,200
1,065
1,027
3,209
5,116
4,060
1,111
50
00
00
00
75
00
00
00
33
10
68
00
00
$61,720 36
$1,000
6,000
10,000
9,000
10,000
2,000
6,000
1,000
1,000
3,000
5,000
4,000
1,000
00
00
00*
00
00
00
00
00
00
00
00
00
00
I
$59,000 00
* A legal investment when made.
Detailed Statement o f Bank Stocks.
1
1
o sm
I
%
1
Estimated
Market Value.
I
20
29
55
24
16
63
15
56
20
10
27
27
23
103
54
58
40
89
20
10
63
Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston,.
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
First Ward N’l Bank, Boston,.
Fourth Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Bank of the Commonwealth, Boston, .
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k,Boston,
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston,.
Nat’l Webster Bank, Boston, .
Arlington N’l B’k, Lawrence,.
Lawrence N’l B’k, Lawrence, .
N’l Pemberton B’k, Lawrence,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000
2,900
5,500
2,400
1,600
6,300
1,500
5,600
2.000
1,000
2,700
$2,430
2,907
7,823
2,928
2,096
7,812
1,657
5,600
3,0' '0
967
3,459
00
25
75
00
00
00
50
00
00
50
24
$2,000
2,900
5,500
2,400
1,600
6,300
1,500
5,600
2,000
1,000
2,700
00
00
00
00
00
00
00
00
00
00
00
1
I
1
1
. 2,700
2,300
10,300
5,400
5,800
4,000
8,900
2,000
1,000
6,300
5,001
2,869
12,772
6,580
6,206
4,090
8,900
2,560
1,300
9,450
75
25
00
90
00
00
00
00
00
00
2,700
2,300
10,300
5,400
5,800
4,000
8,900
2,000
1,000
6,300
00
00
00
00
00
00
00
00
00
00
1
1
I
1
1
I
1
1
1
1
$82,200
$100,411 14
$82,200 00
1
291
S A Y IN G S B A N K CO M M ISSION ERS.
No. 8.
Detailed Statement o f Railroad Bonds.
Par Value.
$10,000
50.000
10.000
20,000
5,000
20,000
Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R R. 7s, .
Fitchburg R R 5s, .
Fitchburg R R 6s, .
Old Colony R.R. 4^s,
Estimated
Market Value.
$11,179
50,783
10,608
21,141
5,484
20,875
17
33
33
67
00
00
Amount Invested.
$10,000
50.000
10.000
20,000
5.000
20,000
00
00
00
00
00
00
$115,000 $120,071 50 $115,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$49,798 10
160,775 00
54,400 00
Kate.
4 per cent.
5
H
“
Rate.
Amount.
$25,000 00
286,835 00
5| per cent.
6
Amount.
$4,200 00
3,720 00
Number of loans which are of an amount not exceeding $3,000 each,
Kate.
6J per cent.
7
245
Aggregate amount of the s a m e , .............................................................................. $228,295 00
Total number of loans upon real e s t a t e , ................................................. 254
Gross amount of interest or profits received or earned, as per books, during
43,032 81
year ending Oct. 31, 1 8 9 1 , ........................................................................................ '
Times for the dividends fixed by the by-laws : January 1 and July 1.
13,872 35
Rate and amount of each semi-annual dividend during the j 2 per cent., r
18,414 19
year ending Oct. 31, 1 8 9 1 , ...........................................................f 2J per cent., {
Number of accounts opened during the year endingOct. 31, 1891,
. 655
Number of accounts closed during the year endingOct. 31, 1891,
. 518
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,269
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
3,660 09
clusive of taxes)..............................................................................................................
Amount o f deposits, not including dividends, received during the year
222,594 36
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ............................................................................... 3,524
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ...........................................................................................................
196,520 91
Number of s a m e , ............................................................................... 1,686
Date of examination by commissioner: April 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
292
Co m m o n w ealth
E ssex,
[Pub. D oc.
R E P O R T O F TH E
of
M assa ch u setts.
L a w r e n c e , N ov . 4, 1891.
ss.
Personally appeared W illiam R . Spalding, Treasurer of the Lawrence Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
J o h n S. G i l l , Justice o f the Peace.
L a w r e n c e , N ov . 14, 1891.
ss .
Personally appeared H . Plummer, President, and Lewis G. Holt, Geo. S. Merrill,
R . H . Tewksbury, John R . Poor, A . E . Butler and John S. Needham, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o h n S. G i l l , Justice o f the Peace.
/
f
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
293
LEE SAVINGS BANK — LEE.
Incorporated March 5, 1852.
Present number of corporators, 55.
C h a r l e s C. B e n t o n , President.
J o h n L. K il b o n , Treasurer.
J o h n L. K il b o n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
C. C . B e n t o n ,
C. C. H o l c o m b e ,
D e W it t S. S m i t h .
Open for business every business d a y, 9
a .m .
to 3
p .m .
B a l a n c e Sh e e t , O c t o b e r 31, 1891.
A ssets .
L ia b ilit ie s .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stock,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
.
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
$94,000
161,100
1,490
55,000
330
8,860
237,770
160,333
00
00
00
00
00
10
00
00
12,500
425
21,397
2,874
00
00
75
94
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$756,080 79
$699,260 91
34,000 00
22,819 88
$756,080 79
Cash on Deposit in Banks, amount on each : —
Lee National Bank, Lee.................................................................................................. $12,874 94
First National Bank, A d a m s ,.......................................................................................
5,035 06
Springfield Safe Deposit and Trust Company, Springfield..................................
6,362 69
Loans on Bank Stock, amount on each : —
On 3 shares Lee National Bank, L e e , .................................................................................$300 00
On 4 shares Lee National Bank, L e e , .....................................................................
400 00
On 4 shares Lee National Bank, Lee, .
200 00
On 13 shares Lee National Bank, L e e , .....................................................................
590 00
Loan on Railroad Stock : —
On 7 shares Boston & Maine R
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. R
. , .....................................................................$330 00
294
[Pub. D oc
R E P O R T O F TH E
Detailed Statement o f Public Funds.
Par Value.
Town of Adams, Mass., 6s,
City of Boston, Mass., 5s,
of Boston, Mass , 6s,
of Boston, Mass., 3^s,
District of Columbia 5s, .
City of Providence, R.I., 5s,
Town of Rockingham, V t , 4s,
City of Springfield, Mass , 4 s ,.
|500
1,000
10,000
50,000
10,000
10,000
2,500
10,000
$94,000
Estimated
Market Value.
$510
1,130
11,850
49,000
10,650
11,135
2,500
10,125
00
00
00
00
00
00
00
00
$96,900 00
Amount Invested.
$500
1,000
10,000
50,000
10,000
10,000
2,500
10,000
00
00
00
00
00
00
00
00
$94,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
54
40
40
10
80
30
20
1Ò0
10
30
20
30
60
10
100
50
30
70
70
40
40
30
180
70
150
40
Par Value.
First National Bank, Adams,
First National Bank, Amherst,
Birmingham National Bank,
Birmingham, Ct.,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Continental Nat’l B’k, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Hamilton Nat’l B’k, Boston, .
Massachusetts N’l B’k, Boston,
State National Bank, Boston,
Winthrop Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
Nat’l Bank of Commonwealth,
Boston,
.
.
.
.
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
City N’l B’k, Bridgeport, C t, .
Lee National Bank, Lee,
Adams Nat’l B’k, No. Adams,
Pittsfield Nat’ l B’k, Pittsfield,
Agawam N ’l B’k, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$5,400
4,000
$7,290
4,000
7,000
1,415
3,645
3,900
2,060
24,025
1 ,0 0 0
3,000
3,000
2 ,0 0 0
1 0 ,0 0 0
00
6 ,2 0 0 0 0
00
Amount Invested.
$6,300 00
5,800 00
6 ,0 0 0 0 0
00
1 ,0 0 0 0 0
00
3,000 00
3,100 00
00
00
2 ,0 0 0 0 0
00
1 0 ,0 0 0 0 0
1 ,0 0 0
1 ,2 0 0 0 0
1 ,0 0 0 0 0
3,000
3,240
2,430
3,420
7,650
00
3,000 00
00
00
3,000 -00
00
6 ,1 0 0
2 ,0 0 0
3,000
6 ,0 0 0
1 ,0 0 0
1 0 ,0 0 0
5,000
3,000
7,000
7,000
4,000
4,000
3,000
18,000
7,000
15,000
4,000
1,850
12,350
6,350
4,800
7,210
8,680
4,240
4,000
4,500
23,400
8,750
24,000
4,000
2 ,0 0 0 0 0
00
00
1 ,0 0 0 0 0
00
1 0 ,1 0 0 0 0
00
5,000
3,000
7,000
7,100
4,000
4,000
4,000
18,000
7,000
18,500
4,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS
295
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
20
6
30
75
Par Value.
First Nat’l Bank, Springfield,
Pynchon N’l B’k, Springfield,
Second Nat’l B’k, Springfield,
Housatonic National Bank,
Stockbridge,
Estimated
Market Value.
Amount Invested.
$2,000
600
3,000
$2,700 00
870 00
4,500 00
$2,000 00
600 00
4,000 00
7,500
12,900 00
9,500 00
$148,500
$208,575 00
$161,100 00
Detailed Statement o f Railroad Bonds.
Par Value.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Old Colony R.R 4s,
. . .
Estimated
Market Value.
Amount Invested.
$20,000
10,000
25,000
$20,200 00
10,350 00
25,250 00
$20,000 00
10,000 00
25,000 00
$55,000
$55,800 00
$55,000 00
N
Total Amount o f Loans ivith Each Specified Rate o f Interest.
Amount.
$16,362 69
5,03-5 06
Rate.
Amount.
Rate.
Amount.
3^ per cent.
4
“
$209,700 00
35,000 00
5 per cent.
5i
“
$168,148 00
Rate.
6 per cent.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .......................................................................................
Number o f loans which are of an amount not exceeding $3,000 each, 202
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate,..........................................................218
Amount o f investments from which no income is received, . ' .
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ......................................................................................
Times for the dividends fixed by the by-laws : May 31 and November 30.
Rate and amount o f each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 9 1 , .......................................................... 12 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 328
Number of accounts closed during the year ending Oct. 31, 1891,
. 302
Total number o f open accounts Oct. 31, 1891,
.
.
.
.
2,131
Total expenses o f the corporation for the year ending Oct. 31, 1891 (e x
clusive of taxes)..............................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$8,860 10
5,725 00
163,395 00
500 00
36,399 85
13,534 02
13,412 77
2,962 21
R E P O R T O F TH E
296
[Pub. Doc,
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number of s a m e , .......................................................................................1,552
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ....................................................................................................................
Number of s a m e , ....................................................................................... 1,219
Date of examination by commissioner: September 30.
$116,636 41
149,148 48
C o m m o n w e a l t h o r M a s sa c h u s e t t s .
B e r k s h ir e ,
L e e , N ov. 17, 1891.
ss .
Personally appeared John L. Kilbon, Treasurer o f the Lee Savings Bank, and made
oath that the foregoing statement, by him subscribed, is a true and correct statement
o f all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
B e r k s h ir e ,
C h a s . S. S a r g e n t , Notary Public.
L e e , N ov . 18, 1891.
ss .
Personally appeared Charles C. Benton, President, and Jno. Stallman, J. F . Benton,
D eW itt S. Smith, C. C. Holcombe and Charles E . Hibbard, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
C h a s . S. S a r g e n t , Notary Public.
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
297
LEICESTER SAVINGS B A N K — LEICESTER.
Incorporated April 17, 1869.
L o r y S. W
atso n ,
Present number of corporators, 33.
President.
J. C. W
P a r k m a n T . D e n n y , Treasurer.
a t so n ,
Clerk o f the Corporation.
Names of committee charged with the investment of its fund s:
L o r y S. W
atson,
Jo h n N . M u r d o c k ,
Ch ar les A . D en ny,
T heo. E . W
D e x t e r K n ig h t ,
A lo n zo B . D a v id s o n .
o od co ck ,
Open for business every business day, except Saturday, 9 a .m. to 1 p.m ., 2 to 4 p .m .;
Saturday, 9 a .m . to 1 p.m .
B a l a n c e Sh e e t , O c t o b e r
A ssets .
Public funds as per schedule, .
Loan on public fund, .
Bank stock as per schedule,
Loan on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Expense account,
Premium account,
31, 1891.
L ia b ilit ies .
$150,000 00
1,000 00
42,659 69
200 00
64,000 00
145,210 43
30,460 44
26,500
5,697
300
93
Deposits, .
Guaranty fund,
Interest account,
$437,3db 39
14,694 55
14,077 40
00
38
91
49
$466,122 34
$466,122 34
Cash on Deposit in Bank : —
Leicester National Bank, Leicester.............................................................................. $5,697 38
Loan on Public Funds : —
On $1,000 United States 4s..............................................................................................$1,000 00
Loan on Bank Stock : —
On 2J shares Leicester National Bank, Leicester, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$200 00
A
298
R E P O R T O F TH E
[Pub. Doc.
Detailed Statement o f Public Funds.
Par Value.
Town of Beverly, Mass., 4s, .
City of Chelsea, Mass., 6s,
Town of Clinton, Mass., 4s, .
City of Columbus, Ohio, 4s, .
of Cleveland, Ohio, 4s, .
of Dayton, Ohio, 4s,
of Fall River, Mass., 6s, .
Town of Holbrook, Mass , 4s,
City of Indianapolis, Indiana, 8s, .
of Lynn, Mass , 6s, .
of Lyitn, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s.,
of Manchester, N. II., 6s,
Town of Randolph, Mass , 4s,
County of Strafford, N. II., 4s,
City of Worcester, Mass , 6s, .
of Worcester, Mass., 4|s,
of Waterbury, Conn., 4s,
of Boston, Mass , 4s,
$10,000
8,000
11,000
10,000
5,000
5,000
1,000
10,000
5,000
6,000
3,000
10,000
10,000
1,000
24,000
5,000
12,000
4,000
5,000
5,000
$150,000
Estimated
Market Value.
$10,153
8,551
11,020
10,000
5,000
5,000
1,140
10,200
5,250
6,300
3,060
10,200
10,200
1,170
24,480
5,000
12,120
4,320
5,050
5,085
00
20
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
Amount Invested.
$10,000
8,000
11,000
10,000
5,000
5,000
1,000
10,000
5,000
6,000
3,000
10,000
10,000
1,000
24,000
5,000
12,000
4,000
5,000
5,000
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$153,299 70 $150,000 00
* A legal investment when made.
No. of
Shares.
•
Detailed Statement o f Bank Stocks.
10
30
10
15
20
30
50
15
12
10
50
21
25
37
11
25
Par Value.
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Maverick Nat’l Bank, Boston,
Market National Bank, Boston,
North National Bank, Boston,
JNat’1 Webster Bank, Boston, .
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
N’l B’k of No. America, Boston,
Nat’l Bank of the Commonwealth, Boston, .
State National Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Howard Natl Bank, Boston, .
Leicester N’l Bank, Leicester,
Millbury N’l Bank, Millbury,
Central N’l Bank, Worcester,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 1 ,0 0 0
3,000
Estimated
Market Value.
$1,305 00
3,660 00
1 ,0 0 0
1,500
2 ,0 0 0
3,000
5,000
1,500
1 ,2 0 0
1,500
2,785
3,000
00
6 ,2 0 0
00
1,590
1,482
00
00
00
00
5,000
1,850 0 0
6,087 50
2 ,1 0 0
2 ,1 0 0
2,500
3,700
2,762 50
5,550 0 0
1 ,0 0 0
00
1 ,1 0 0
1 ,1 0 0
2,500
3,625
00
00
$37,100
$44,597
00
Amount Invested.
$1,150
3,610
1,178
1,770
2,425
3,000
5,954
1,925
1,346
00
00
75
04
00
00
40
00
00
1 ,1 0 0 0 0
5,397
2,628
2,635
3,700
1,314
3,525
50
50
00
00
50
00
$12,659 69
No. 8 .]
299
SA Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement o f Railroad Bonds.
Par Value.
Eastern R R. 6s,
Vermont & Massachusetts R.R. 5s,
Boston & Lowell R.R, 4s,
Boston & Providence R R. 4s, .
Boston & Maine R R. 4 s ,.
Fitchburg R.R. 4s, .
Fitchburg R R 4is, .
.
.
.
Leeds & Farmington R.R. 6s, .
Old Colony R R 4s,
. . .
Fitchburg R R 5s, .
$3,000
10,000
7,000
5,000
20,000
4,000
3,000
4,000
5,000
3,000
$64,000
Estimated
Amount Invested.
Market Value.
$3,720
10,800
7,000
5,100
20,400
4,000
3,030
4,320
5,150
3,150
00
00
00
00
00
00
00
00
00
00
$66,670 00
$3,000
10,000
7,000
5,000
20,000
4,000
3,000
4,000
5,000
3,000
00
00
00
00
00
00
00
00
00
00
$64,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$5,697 38
16,960 44
Rate.
Amount.
Rate.
3 per cent.
4
“
$20,500 00
118,275 43
4£ per cent.
5
Amount.
Rate.
$6,800 00
40,835 00
5J per cent.
6
Number of loans which are of an amount not exceeding $3,000 each, 101
Aggregate amount of the s a m e , .............................................................................
Total number of loans upon real e s t a t e , ................................................ I l l
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , .............................................................................
Times for the dividends fixed by the by-laws : June 1 and December 1.
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1891................................................................ J 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 132
Number of accounts closed during the year ending Oct. 31,1891,
.
71
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 939
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ),..........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct 31, 1 8 9 1 , ................................................................................................
Number of same...................................................................................................... 654
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .............................................................................
*.
Number o f s a m e , ....................................................................r
Date of examination by commissioner: March 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
510
$89,835 00
21,068 28
7,725 16
7,948 82
1,116 41
66,863 41
50,285 94
Com m onw ealth
■Wo r c e s t e r ,
[Pub. D oc.
R E P O R T O F TH E
300
oe
M assach u setts.
Nov. 9, 1891.
ss .
Personally appeared Parkman T . Denny, Treasurer of the Leicester Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
W
J. C l a r e n c e W a t s o n , Notary Public.
Nov. 9, 1891.
o r c e s t e r , ss .
Personally appeared Lory S. Watson, President, and John N . Murdock, Théo. E .
W oodcock, Dexter Knight, C. C. Denny and D. Bemis, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J. C l a r e n c e W
atso n ,
Notary Public.
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
301
LENOX SAVINGS BANK — LENOX.
Incorporated April 4, 1890.
Present number o f corporators, 9.
H e n r y Se d g w i c k , President.
E d w a r d M cD o n a l d , Treasurer.
M . A . B r o w n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
R. H. W alk er,
H S e d g w ic k ,
T h o m a s P ost ,
C. R . B o n d ,
Open f o r business every business day, 9
B alance
Sh ee t, October
. t o 3 p .m.
31,1891.
L ia b ilit ie s .
A ssets .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, not on interest,
Expense account,
Cash on hand,
.
.
.
.
a .m
$7,585 00
5,268 75
25,650 00
10,622
1,025
487
4,410
$54,789 88
65 63
193 34
Deposits, .
Guaranty fund,
Interest account,
50
00
06
54
$55,048 85
$55,048 85
Cash on Deposit in B a n k : —
$1,025 00
Lenox National Bank, Lenox,
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
10
5
4
10
10
Par Value.
Chapin N’l Bank, Springfield,
City Nat’l Bank, Springfield, .
Chicopee N’l B’k, Springfield,
Mechanics’ N’l B’k, Worcester,
Second N’l Bank, Springfield,
Pittsfield N’l Bank, Pittsfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$1,000
1,000
500
400
1,000
1,000
$1,550
1,550
875
440
1,550
1,620
00
00
00
00
00
00
$4,900
$7,585 00
Amount Invested.
$1,550
1,550
875
440
1,550
1,620
00
00
00
00
00
00
$7,585 00
[Pub. D oc.
R E P O R T O F TH E
302
Detailed Statement o f Eailroad Bonds.
Par Value.
Fitchburg R.R. 5s, .
$5,000 00
Estimated
Market Value.
Amount Invested.
$5,268 75
$5,268 75
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
4 per cent.
$12,000 00
5 per cent.
Amount.
$10,622 50
Amount.
Rate.
$13,650 00
6 per cent.
Number of loans which are of an amount not exceeding $3,000 each,
13
Aggregate amount of the s a m e , ..............................................................................
Total number o f loans upon real e s t a t e , ................................................. 15
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : first Tuesday in January
and July.
Rate and amount of each semi-annual dividend during the ) 2 per cent., c
year ending Oct. 31, 1 8 9 1 , ........................................................... j 2 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
. 174
Number of accounts closed during the year ending Oct. 31, 1891,
.
38
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 257
Total expenses of the corporation for the year ending Oct. 31, 1891,
(exclusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ................................................................................................. 440
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ..................................................................................................123
Date of examination by commissioner: June 23.
C o m m onw ealth
B e r k s h ir e ,
ss.
of
$13,950 00
1,104 92
309 40
569 19
31 45
44,286 20
12,924 91
M a s sa c h u s e t t s .
N ov . 9, 1891.
Personally appeared Edward McDonald, Treasurer o f the Lenox Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to nis best knowledge and belief.
Before me,
B e r k s h ir e ,
ss .
T h o m a s P ost , Justice o f the Peace.
N o v . 9, 1891.
Personally appeared Henry Sedgwick, President, and M. A . Brown, William D.
Curtis, Patrick Deely, Edmund Spencer, Richard H . W alker, W m . O. Curtis, W illiam
Mahanna and I. J. Newton, trustees of said corporation, and severally made oath that
the annexed report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
T h o m a s P o st , Justice o f the Peace.
No. 8 .]
S A Y IN G S B A N K COM M ISSION ERS
303
LEOMINSTER SAVINGS BANK — LEOMINSTER.
Incorporated March 16, 1865.
Present number of corporators, 35.
D w i g h t B . L o o k , President.
A . L. B u b d it t , Treasurer.
A . L . B u b d it t ,
C ler k
of
th e
Corporation.
Names o f committee charged with the investment of its funds:
G eobge H a l l ,
C h as. C. Boyden,
C h a s . L . J o s l in ,
H a m il t o n M a y o ,
A . L . B u b d it t .
Open for business every business day, except Saturday, 9
Saturday, close at 2
B alance
Sh ee t, O ctober
to 12
m .,
1 to 3
p .m
L ia b ilit ies .
$70,150 00
750 00
30,075 00
23,721
2,302
480,682
146,800
62
91
38
00
21,000
325
11,869
1,362
00
00
11
66
$789,038 68
Deposits, .
Guaranty fund,
Interest account,
*
$749,228 37
30,500 00
9,310 31
$789,038 68
Cash on Deposit in B a n k : —
Leominster National Bank, L e o m i n s t e r , ........................................................... $11,869 11
Loan on Bank Stock: —
On 15 shares Leominster National Bank, L eom inster,....................................... $750 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
;
31, 1891.
A ssets .
Bank stock as per schedule,
Loan on bank stock,
Railroad bonds as per schedule,
Real estate (for banking pur
poses),
.......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposit in bank, not on interest,
Cash on hand,
.
.
.
.
a .m .
p .m .
[Pub. D oc.
R E P O R T O F TH E
304
No. of
Shares.
Detailed Statement o f Bank Stocks.
75
62
21
27
61
10
5
25
34
20
15
17
2
1
10
30
9
80
160
30
Par Value.
Webster Nat’l Bank, Boston, .
Boston National Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Globe National Bank, Boston,
Market Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Continental N’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
National Eagle Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Winthrop Nat’l Bank, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Commerce, Boston,
Safety Fund N’l B’k, Fitchburg,
Leominster N’l B’k, Leominster,
Crocker N’l B’k, Turner’s Falls,
Estimated
Market Value.
Amount Invested.
$7,500
6,200
2,100
2,700
6,100
1,000
500
2,500
3,400
2,000
1,500
1,700
200
100
$7,500
6,944
2,100
3,834
6,100
1,000
500
3,050
3,502
2,600
1,680
1,751
180
114
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$7,500
6,200
2,100
2,700
6,100
1,000
500
2,500
3,400
2,000
1,500
1,700
200
100
00
00
00
00
00
00
00
00
00
00
00
00
00
00
1,000
3,000
900
8,000
16,000
3,000
1,850
8,720
1,143
8,960
16,000
3,750
00
00
00
00
00
00
1,000
3,000
900
8,000
16,000
3,750
00
00
00
00
00
00
$69,400
$76,278 00
$70,150 00
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 5s, .
Fitchburg R R. 4s, .
Boston & Maine R.R. 4s, .
Estimated
Market Value.
Amount Invested.
$5,000
10,000
15,000
$5,400 00
9,400 00
15,300 00
$5,312 50
9,500 00
15,262 50
$30,000
$30,100 00
$30,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Kate.
Amount.
Rate.
Amount.
4 per cent.
4£
“
$194,575 00
61,870 00
5 per cent.
5h
“
$372,112 38
Amount.
$11,000 00
10,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
6 per cent.
No. 8 .]
SA Y IN G S B A N K C O M M IS S IO N E D .
305
Amount invested in real estate for banking purposes........................................... $23,721 62
Estimated value o f the s a m e , ..............................................................................
23,721
Assessed value of the s a m e , ........................................................................................
15,000
Net income received from same during year ending Oct. 31, 1891,
.
.
1,233
Value, by books, of other real estate held or owned by foreclosure or other
wise,
.............................................................................................................................
2,302
Assessed value of the s a m e , .......................................................................................
Net income received from same during year ending Oct. 31, 1891,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 438
Aggregate amount of the s a m e , .............................................................................
Total number of loans upon real e sta te ,.......................................................... 447
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the b y-la w s: January 1 and July 1.
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ......................................................... J 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
439
Number o f accounts closed during the year ending Oct. 31, 1891,
343
Total number of open accounts Oct. 31,1891,
.
.
.
.
2,576
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) ,..........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , .......................................................................................1,707
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ...................................................................................................................
Number of s a m e , ...................................................................................... 1,826
Date of examination by commissioner: May 14.
62
00
35
91
2,320 00
134 00
470,357 38
42,325 85
14,099 22
14,428 36
1,706 80
154,413 7$
170,795 39
»
Com m onw ealth
W
of
M assach u setts.
N ov . 16, 1891.
o rcester, ss.
Personally appeared A . L . Burditt, Treasurer o f the Leominster Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
W
F . J. L o t h r o p , Justice o f the Peace.
N ov . 16, 1891.
o r c e s t e r , ss .
Personally appeared Chas. L . Joslin, Vice-President, and George Hall, Hamilton
M ayo, D . C. Nickerson, Chas. C. Boyden and Joseph G. Tenney, trustees of said corpo
ration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.Before me,
F . J. L o t h r o p , Justice o f the Peace.
306
R E P O R T O F TH E
[Pub. D oc
LEXINGTON SAVINGS BANK — LEXINGTON.
Incorporated March 11, 1871.
Present number of corporators, 45.
M a t t h e w H . M e r r i a m , Vice-president.
J a m e s E . C r o n e , Treasurer.
A ugustus E . S cott , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds:
L e w is H u n t ,
L e o n a r d A . Sa v i l l e ,
W a l t e r W e l l in g t o n ,
E d w in S. S p a u l d i n g ,
F r e d e r i c k O. Y a i l l e .
Open for business Wednesday, 3.30 to 6
Balance
p .m .
; Saturday, 3.30 to 7
Sh ee t, O ctober
A ssets .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand,
.
p .m .
31, 1891.
L ia b ilit ie s .
$5,981
5,000
164,191
77,245
4,537
79
544
35
00
15
00
55
08
09
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$257,578 22
$246,931 72
5,263 95
2,836 05
2,546 50
$257,578 22
Cash on Deposit in B ank: —
Fourth National Bank, B o s t o n , .............................................................................. $4,537 55
No. of
Shares.
Detailed Statement o f Bank Stocks.
15
37
11
Par Value.
Globe National Bank, Boston,
Market Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$1,500
3,700
1,100
$1,503 75
3,700 00
1,210 00
$1,473 75
3,330 00
1,177 60
$6,300
$6,413 75
$5,981 35
N o. 8 .]
307
SA Y IN G S B A N K COM M ISSION ERS
Detailed Statement o f Railroad Bonds.
Par Value.
$5,000
Portland & Ogdensburg R R 6s,
Estimated
Market Value.
Amount Invested.
$5,000 00
$5,675 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
Amount.
3 per cent.
5
“
$15,000 00
5J per cent.
$191,436 13
Amount.
$4,537 55
35,000 00
Rate.
6 per cent.
Number of loans which are of an amount not exceeding $3,000 each,
87
Aggregate amount of the same..................................................................................... $129,936 15
Total number of loans upon real e s t a t e , ................................................ 78
Gross amount o f interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , .............................................................................
14,144 56
Times for the dividends fixed by the by-law s: third Wednesday in April
•
and October.
Rate and amount of each semi-annual dividend during the 1 2^ per cent., f
5,361 10
year ending Oct. 31, 1 8 9 1 , ...........................................................J
per cent., 1
5,520 53
Number of accounts opened during the year ending Oct. 31, 1891,
. 123
Number of accounts closed during the year ending Oct. 31, 1891,
. 105
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 880
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
869 07
clusive of taxes), ................................................ .........................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
66,393 09
Number of s a m e , ................................................................................................978
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1891...............................................................................................................................
58,523 78
Number of same.......................................................................................................584
Date of examination by commissioner: February 23.
Co m m o n w e a l t h
M id d l e s e x ,
of
M assach u setts.
N ov . 7, 1891.
ss .
Personally appeared James E . Crone, Treasurer of the Lexington Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment o f all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
L e o n a r d A . S a v i l l e , Justice o f the Peace.
N ov . 11, 1891.
ss .
Personally appeared Matthew H . Merriam, Vice-president, and E . S. Spaulding,
F . O. Vaille, Walter Wellington, Geo. W . Spaulding and Amos Locke, trustees
of said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
L e o n a r d A . S a v i l l e , Justice o f the Peace.
[Pub. D oc.
R E P O R T O F TH E
308
LOW ELL FIVE CENTS SAVINGS BANK — LOW ELL.
Incorporated April 12, 1854.
Present number of corporators, 61.
S e w a l l G . M a c k , President.
A r t e m a s S. T y l e r , Treasurer.
C h a r l e s F . C o b u r n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
J ohn F . K im b a l l ,
C h a s . E . A . Ba r t l e t t ,
G e o r g e F. P e n n im a n ,
Open for business every business day, 9
B alance
John H . M cA l v in ,
G e o r g e S. C h e n e y ,
A r t e m a s S. T y l e r .
a .m .
Sh e e t , O ctober
p .m .
31, 1891.
L iab ilit ie s .
A ssets .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Pceal estate (for banking pur
poses),
.......................................
Real estate by foreclosure,
Loans on real estate, .
.
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
T ax acccount,
.
.
Cash on hand,
.
.
.
.
to 1 p.m . ; also Saturday, 7 to 9
$175,420 00
13,600 00
40.000 00
65.000
30,500
745,450
414,500
00
00
00
00
25.000
375
35,216
1,921
50
2,137
00
00
56
23
14
94
$1,410,683 31
53,643 43
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
Premium account, .
Rent account, .
82,054 67
2,025 00
764 46
$1,549,170 87
$1,549,170 87
Cash on Deposit in Banks, amount in each: —
Appleton National Bank, Lowell, .
Prescott National Bank, Lowell, .
National Bank o f the Commonwealth, Boston,
.
$16,280 77
16,194 52
2,741 27
Loans on Bank Stock, amount on each :
On 15 shares Railroad National Bank, Lowell,
On 15 shares First National Bank, Lowell, .
On 3 shares Old Lowell National Bank, Lowell,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
$2,200 00
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
309
On 19 shares Prescott National Bank, L o w e l l , ................................................. f 1,900 00
On
On
On
On
On
On
On
53 shares Prescott National Bank, L o w e l l , .................................................i
14 shares Appleton National Bank, L o w e l l , .................................................^
14 shares Old Lowell National Bank, L ow ell,................................................. J
4 shares Crocker National Bank, Turner’ s F a l l s , ....................................... 1
1 share Old Lowell National Bank, L o w e l l , .................................................?■
1 share First National Bank, L o w e l l , .......................................................... J
34 shares Rollstone National Bank, F i t c h b u r g , .......................................
7,000 00
500 00
2,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
44
50
40
52
50
40
10
70
30
50
20
17
5
50
60
50
15
20
20
10
5
90
100
10
27
25
40
5
20
92
71
40
20
85
35
83
135
75
Par Value.
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Bank of the Commonwealth, Boston, .
Continental NT Bank, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Nat’l Exchange Bank, Boston,
Fanenil Hall NT Bank, Boston,
Freeman’s N’l Bank. Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
North National Bank, Boston,
N’l B’k of No. America, Boston,
NT B’k of Redemption, Boston,
NT B’k of the Republic, Boston,
National Revere Bank, Boston,
Second Nat’l Bank, Boston,
Shoe & Leather NT B’k, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Union Bank, Boston,
Washington NT Bank, Boston,
First National Bank, Lowell, .
Merchants’ Nat’l Bank, Lowell,
Old Lowell Nat’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$4,400
5,000
4,000
5,200
5,000
4,000
$5,346
5,012
4,500
6,708
4,837
5,125
00
50
00
00
50
00
$4*00
5,000
4,000
5,200
5,000
4,000
00
00
00
00
00
00
1,000
7,000
3,000
5,000
2,000
1,700
500
5,000
6,000
5,000
1,500
2,000
2,000
1,000
500
9,000
10,000
1,000
2,700
2,500
4,000
500
2,000
9,200
7,100
4,000
2,000
8,500
3,500
8,300
13,500
7,500
1,851
9,047
3,090
6,100
2,070
2,324
710
5,012
6,015
6,000
1,860
2,210
2,195
1,500
696
11,227
12,700
1,600
2,868
4,631
3,720
630
2,435
9,775
7,259
5,610
2,380
14,280
5,600
10,458
20,925
9,750
25
50
00
00
00
75
62
50
00
00
00
00
00
00
25
50
00
00
75
25
00
00
00
00
75
00
00
00
00
00
00
00
1,000
7,000
3,000
5,000
2,000
1,700
500
5,000
6,000
5,000
1,500
2,000
2,000
1,000
500
9,000
10,000
1,000
2,700
2,500
4,000
500
2,000
9,200
7,100
4,000
2,000
11,305
3,500
10.375
16,740
8,700
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$166,100 $208,062 12 $175,420 0,0
310
R E P O R T O F TH E
[Pub. Doc.
Detailed Statement o f Railroad Bonds.
Fitchburg R.R. 5s,
.
Par Value.
Estimated
Market Value,
Amount Invested.
$40,000
$41,700 00
$40,000 00
Total Amount o f Loans with Each Specified Rate of Interest.
Amoffnt.
$2,741
16,194
47,900
219,650
27
52
00
00
Rate.
Amount.
Rate.
Amount.
Rate.
2£ per cent.
4
4é
“
4|
$765,505 77
7,500 00
20,000 00
5 per cent.
5é
“
51
“
$123,650 00
30,000 00
1,000 00
6 per cent.
6è
“
7
Amount invested in real estate for banking p u rp ose s,....................................... $65,000 00
Estimated value of the s a m e , ...............................................................................
65,000
Assessed value of the s a m e ,........................................................................................
56,420
Net income received from same during year ending Oct. 31, 1891,
.
.
1,665
Value, by books, of other real estate held or owned b y foreclosure or
o t h e r w i s e ,......................................................................................................................
30,500
Assessed value o f the s a m e , ........................................................................................
21,650
Number of loans which are of an amount not exceeding $3,000 each, 108
Aggregate amount of the same.....................................................................................
177,725
Total number of loans upon r e a l e s t a t e , ................................................. 147
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891,
..............................................................................
Times for the dividends fixed by the b y-la w s: first Saturday in January
and July.
Rate and amount of eachsemi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ...........................................................J 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
1,295
Number of accounts closed during the year ending Oct. 31, 1891,
1,209
Total number of open accounts Oct. 31, 1891,
.
.
.
.
6,863
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes),
..................................................................................................
00
00
40
00
00
00
12,500 00
77,165 92
26,149 64
26,615 60
6,444 49
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
240,102 07
Number of same............................................................................................. 7,263
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ......................................................................................................................
240,372 84
Number of s a m e , .............................................................................. .........
Date of examination by commissioner: April 6.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3,613
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS
Co m m o n w ea lth
M id d l e s e x ,
of
311
M assach u setts.
Nov. 16, 1891.
ss .
Personally appeared Artemas S. Tyler, Treasurer of the Lowell Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor
rect statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
ss .
C h a s . F . C o b u r n , Justice o f the Peace.
N ov .
16, 1891.
Personally appeared Sewall G. Mack, President, and Frank P. Putnam, Arthur
Staples, Charles Coburn, G. F. Penniman, John H . McAlvin and George S. Cheney,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C h a s F . C o b u r n , Justice o f the Peace.
312
R E P O E T O F TH E
[Pub. D oc
LOW ELL INSTITUTION FOR S A V IN G S -L O W E L L .
Incorporated Feb. 20,1829.
Present number of corporators, 50.
C h a r l e s A . S a v o r y , President.
G e o r g e J. C a r n e y , Treasurer.
G e o r g e J. C a r n e y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Sam u e l K id d e r ,
F r e d e r ic k T a y l o r ,
G e o r g e S. M o t l e y ,
Cyru s M . F is k ,
Ja m e s W . B . S h a w ,
Open for deposits every business day, 9
G e o r g e J. Ca r n e y .
a .m .
to 2 p.
for payments, Tuesday, Thursday, Saturday, 9
a .m .
m .,
and Saturday evening, 7 to 9 ;
to 2
p .m .
; and Saturday evening,
7 to 9.
B alance
Sh eet, O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)............................................
Deposits in banks, on interest, .
31, 1891.
L ia b il it ie s .
$65,000 00
170,500 00
72,275 00
20,334 06
1,444,592 00
976,200 00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
Suspense account, .
Asa D . Clark, estate,
$4,281,334 35
211,016 33
49,411 34
30,274 37
50 00
1,476,100 00
347,085 33
$4,572,086 39
$4,572,086 39
Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , .............................................................................. $22,000 00
Wamesit National Bank, L o w e ll,..............................................................................
87,000 00
Merchants’ National Bank, L o w e l l , ..................................................................... 238,085 33*
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Federal Reserve Bank of St. Louis
Held pending arranging a large loan for city bonds.
No. 8 .]
SA V IN G S B A N K CO M M ISSION ERS.
313
Loans on Bank Stock, amount on each: —
On 453 shares Merchants’ National Bank, L o w e l l , ....................................... $40,000 00
On 100 shares Appleton National Bank, L o w e ll,.................................................'j
On 10 shares Prescott National Bank, L o w e l l , .................................................r
10,375 00
On 5 shares Third National Bank, S p r i n g f ie l d ,.................................................J
On 10 shares Merchants’ National Bank, L o w e l l , .......................................
O b 26 shares Railroad National Bank, L o w e l l , .................................................
On 16 shares Prescott National Bank, L o w e l l , .................................................
750 00
650 00
500 00
On 170 shares National Hide & Leather Bank, Boston,
.
.
.
•1
On 55 shares Railroad National Bank, Lowell........................................................-*
20 000 00
Detailed Statement o f Public Funds.
Par Value.
$65,000
District of Columbia 5s, .
Estimated
Market Value.
Amount Invested.
$65,000 00
$65,000 00
Ko. of
Shares.
Detailed Statement o f Bank Stocks.
142
174
344
161
473
80
160
171
Par Value.
Columbian N’l Bank, Boston,.
National Eagle Bank, Boston,
Merchants’ N’l Bank, Boston, .
New England N’l B’k, Boston,
Second National Bank, Boston,
Merchants’ N’l Bank, Lowell,
First National Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
$14,200
17,400
34,400
16,100
47,300
8,000
16,000
17,100
Estimated
Market Value.
$15,123
18,096
50,912
26,001
86,086
12,000
28,000
22,230
Amount Invested.
00
00
00
-50
00
00
00*
00
$14,200
17,400
34,400
16,100
47,300
8,000
16,000
17,100
00
00
00
00
00
00
00
00
$170,500 $258,448 50 $170,500 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$260,085
6,000
44,000
100,000
994,725
Kate.
33
00
00
00
00
2 i per cent.
H
“
3|
“
3J
“
4
“
Kate.
Amount.
$1,196,950
225.000
150.000
865,350
00
00
00
00
4^ per cent.
4|
<<
4H
“
5T6
“
Rate.
Amount.
$18,000
31.142
200,000
225,000
00
00
00
00
per cen .
6
6è
6|
«
Amount invested in real estate for banking p u rp ose s,.......................................
$20,334 06
Estimated value of the s a m e , ...............................................................................
Assessed value o f the same............................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each,
78
20,334 06
42,440 00
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Federal Reserve Bank of St. Louis
1,632 98
R E P O E T O F TH E
314
[Pub. D oc.
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , .................................................157
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the by-laws : first Saturday in M ay and
November.
Rate and amount of each semi-annual dividend during the i 2 per cent., f
year ending Oct. 31, 1891................................................................ 12 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
2,229
Number of accounts closed during the year ending Oct. 31, 1891,
1,954
Total number of open accounts Oct. 31, 1891,
.
.
.
.
11,548
Total expenses o f the corporation for the year ending Oct. 31, 1891
(exclusive of taxes).......................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number o f s a m e , ........................................................................................ 13,367
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ...............................................................................
11,768
Date of examination by commissioner : September 24.
Commonwealth
M iddlesex,
ss.
of
f 130,742 00
216,686 72
78,980 09
80,022 26
8,900 00
813,150 00
849,643 30
Massachusetts.
N ov . 6, 1891.
Personally appeared George J. Carney, Treasurer of the Lowell Institution for Savings,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of ail the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Middlesex,
ss.
James E . Gibson, Justice o f the Peace.
N ov . 6, 1891.
Personally appeared Charles A . Savory, President, and F . Nickerson, George S.
Motley, Cyrus M. Fisk, A . St. John Chambre, Sam. Kidder, Frederick Bailey and D. B.
Bartlett, trustees o f said corporation, and severally made oath that the annexed report
is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
George J. Carney, Justice o f the Peace.
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
315
LUDLOW SAVINGS BANK — LUDLOW.
Incorporated Feb. 23, 1888.
Present number of corporators, 35.
Chas. F. Ghosvenor, President.
George A . Birnie, Treasurer.
George A . Birnie, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Chas. F. Grosvenor,
W . S. Colwell,
George D . Green,
E . E . F uller,
M . D . L . Towne.
Open for business every business day, 10
a .m
7.30 t o 9
. to 12 m ., 1 to 3 p . m ; also Friday,
p .m
.
B a l a n c e S h e e t , O c t o b e r 31, 1891.
A ssets .
Bank stock as per schedule
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Safe and furniture,
Cash on hand....................................
L ia b il it ie s .
$1,100
3,246
13,406
7.180
1,744
200
6,149
00
50
00
00
60
00
43
Deposits, .
Guaranty fund,
Interest account,
$32,819 26
126 82
80 45
$33,026 53
$33,026 53
Cash on Deposit in Bank : —
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
.
$1,744 60
Detailed Statement o f Bank Stocks.
O
a>
Par Value.
I2! M
10 City N’l Bank, Holyoke, Mass ,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,000 00
Estimated
Amount Invested.
Market Value.
$1,120 00
$1,100 00
[Pub. D oc.
R E P O R T O F TH E
316
Detailed Statement o f Railroad Bonds.
•
$3,255 00
$3,246 50
=€0
03
O On
OO
OO
$3,000
Amount Invested.
$1,144 00
2,102 50
to
$1,000
2,000
Leeds & Farmington R.R. 6s, .
Fitchbui'g R.R. 5s, .
Estimated
Market Value.
'h-i
to
Par Value.
Total Amount o f Loans with Each Specified Rate o f Interest.
$1.744 60
7,250 00
Kate,
Amount.
Kate.
Amount.
4 per cent.
5
“
5 i per cent.
$4,300 00
Kate.
Amount.
$9,036 00
6 per cent.
Number o f loans which are of an amount not exceeding $3,000 each,
41
Aggregate amount of the s a m e , ...............................................................................$20,586 00
Total number of loans upon real estate............................................................24
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 ,........................................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend during the l 2 per cent., j
year ending Oct. 31, 1 8 9 1 , ........................................................... I 2 per cent., j
Number of accounts opened during the yearending Oct. 31, 1891,
Number of accounts closed during the yearending Oct. 31, 1891,
.
.
1,272 75
396 52
482 11
161
72
Total number of open accounts Oct. 31, 1 8 9 1 , ....................................... 396
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of taxes), ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
94 35
25,904 15
Number o f s a m e , ............................................................................................... 917
Amount o f withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
15,184 70
Number o f s a m e , ............................................................................................... 295
Date of examination by commissioner : May 25.
Com m onw ealth
H am pden,
ss.
of
M assach u setts.
N ov . 6, 1891.
Personally appeared George A . Birnie, Treasurer of the Ludlow Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
H am pden,
H . M . B l is s , Justice o f the Peace.
Dec. 15, 1891.
ss .
Personally appeared Charles F . Grosvenor, President, and M . H . Lyons, A . H .
Halford, A . H . Bartlett, Geo. D . Green and E . E . Fuller, trustees o f said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
H. M. Bliss, Justice o f the Peace.
No. 8 .]
SA Y IN G S
B AN K COM M ISSION ERS.
317
LYN N FIVE CENTS SAVINGS BANK — LYNN.
Incorporated M ay 15, 1855.
Present number of corporators, 77.
R ollin E . Harmon, President.
H enry E . N eavhall, Treasurer.
H enry E . N eavhall, Clerk o f the Corporation.
Names of committee charged with the investment o f its funds :
R ollin E . H armon,
Thomas B . N ewhall,
H enry A . Pevear,
Charles H. N eavhall,
Rufus K imball.
Open for business every business day, 9 a .m . to 1 p. m. ; also Saturday, 3 to 6 p.m.
B a l a n c e S h e e t , O c t o b e r 31, 1891.
A ssets .
Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loans on railroad stock, .
Real estate (for banking pur
poses),
.......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities err towns
(notes), .
.
Deposits in banks, on interest, .
Expense account,
T ax t i t l e s ,.......................................
Cash on hand,
.
.
.
.
L iab ilit ies .
$228,000
199.000
188,097
34,950
78.000
180,000
12,267
00
00
97
00
00
00
00
30.000
1,363
1,244,731
544,665
00
62
81
00
37.000
94,893
2,487
362
6,299
00
96
00
64
81
$2,882,118 81
Deposits, .
Guaranty fund,
Profit and loss ac
count,
Interest on mortgages
held as collateral,.
$2,652,468 44
113,000 00
116,631 66
18 71
$2,882,118 81
Cash on Deposit in Banks, amount in each : —
National City Bank, Lynn.........................................................................................$8,411
Merchants’ National Bank, B o s t o n , ..........................................................
1,582
45,047
Market National Bank, B o s t o n , ....................................................................
Third National Bank, B o s t o n , ....................................................................
9,327
National Bank of the Republic, B o s t o n , .................................................
24,254
Traders’ National Bank, B o s t o n ,.......................................................................... 6,271
42
12
17
58
44
23
Loans on Public Funds, amount on each : —
On $17,000 Keene, N . H ., 4 s ,........................................................................................ \
On $8,000 Fall River, Mass., 5 s , .............................................................................. I $48,000 00
On $27,000 Holyoke, M ass., 4 s , ..............................................................................
J
On $5,000 Marblehead, Mass., 4 s , .............................................................................. 1
On $72,000 Lynn, M ass., 4s............................................................... .........
.
.1
On $10,000 Chicago, 111., 4s, .
.
.
.
.
.
.
.
.
.J
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
75,000 00
On
On
On
On
On
On
[Pub. D oc.
R E P O R T O F TH E
318
$ 11,000
00
17,000 00
$11,000 Taunton, M ass., 4 s , ........................................
$20,000 Bay City, Mich., 5 s , ........................................
$42,000 Waterville, M e., 4 s , ........................................
$3,000 Cambridge, Mass., 4 s , .......................................
$1,000 Walpole, M ass., 4 s , .......................................
$10,000 Plymouth County, M ass., 4s,
42,000 00
9,000 00
Loans on Bank Stock, amount on each: —
On
On
On
On
On
On
On
$500 00
150 00
5 shares Lynn National Bank, Lynn,
2 shares Railroad National Bank, Lowell,
16 shares Central National Bank, Lynn, .
7 shares National City Bank, Lynn,
2 shares First National Bank, Lynn,
307 shares Massachusetts National Bank, Boston, .
90 shares Old Colony Trust Company, Boston,
|
1,200 00
100 00
25,000 00
8,000 00
Loans on Railroad Bonds, amount on each : —
On
On
On
On
On
On
$40,000
$50,000
$28,000
$50,000
$14,500
$11,000
Concord & Montreal R .R . 4s,
Boston & Maine R .R 4s....................................
Upper Coos R .R . 4 £ s , .......................................
Eastern R .R . 6s.....................................................
Nashua & Rochester R .R . 5s,
Portsmouth, Great Falls & Conway R .R . 4£s,
| $80,000 00
25.000 00
50.000 00
|
25,000 00
Loan on Railroad Stock : —
$12,267 00
On 100 shares Old Colony R . R . , .......................................
Detailed Statement o f Public Funds.
Par Value.
Town of Brookline, Mass., 7s,
City of Boston, Mass , 6s,
of Chelsea, Mass , 6s,
of Cambridge, Mass , 6 s ,.
of Cleveland, Ohio, 7s,
of Columbus, Ohio, 6s,
of Chicago, 111., 7s, .
of Dayton, Ohio, 6s,
District of Columbia 7s, .
City of East Saginaw, Mich , 5s,
of Fort Wayne, Ind., 6s, .
Town of Framingham, Mass , 4s,
City of Grand Rapids, Mich., 4s,
of Lawrence, Mass., 6s, .
of Manchester, N. H., 4s,
of Newton, Mass , 5s,
of Northampton, Mass., 6s,
of Pawtucket, R I., 5s, .
of Peoria, 111 , 4is, .
County of Stratford, N H , 4s,
Town of Wakefield, Mass , 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$10,000
9,000
2,000
6,000
35,000
20,000
20,000
21,000
15,000
5,000
15,000
20,000
5,000
3,000
1,000
5,000
3,000
5,000
10,000
10,000
8,000
$228,000
Estimated
Market Value.
$11,500
9,210
2,100
6,260
36,290
20,000
21,540
21,345
18,450
5,000
16,575
20,300
4,900
3,112
1,010
5,650
3,007
5,325
10,200
10,000
8,000
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
50
00
00
00
00
$239,775 00
A legal investment when made.
Amount Invested.
$10,000
9,000
2,000
6,000
35,000
20,000
20,000
21,000
15,000
5,000
15,000
20,000
5,000
3,000
1,000
5,000
3,000
5,000
10,000
10,000
8,000
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$228,000 00
No. 8 .]
319
SA Y IN G S B A N K COM M ISSION ERS
No. of
Shares.
Detailed Statement o f Bank Stocks.
306
93
61
23
88
253
7
69
25
15
154
14
17
127
56
42
127
30
26
30
50
Par Value.
National City Bank, Lynn,
Central National Bank, Lynn,
First National Bank, Lynn, .
Nat’l Exchange Bank, Boston,
Globe National Bank, Boston,
N’l B’k of Redemption, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Continental Nat’l B’k, Boston,
Boylston Nat’l Bank, Boston, .
Columbian Nat’l B’k, Boston, .
National Union Bank, Boston,
Blackstone N’l Bk, Boston,
N’l B’k of the Republic, Boston,
Tremont Nat’l Bank, Boston,
North National Bank, Boston,
N’l B’k of No America, Boston,
Winthrop N’l Bank, Boston, .
Georgetown N’l B’k, George
town, ..................................
|30,600
9,300
6,100
2,300
8,800
25,300
700
6,900
2,500
1,500
15,400
1,400
1,700
12,700
5,600
4,200
12,700
3,000
2,600
3,000
5,000
$161,300
Estimated
Market Value.
$61,200
14,880
8,235
3,128
8,800
32,131
868
7,314
2,500
1,395
19,866
1,806
1,802
17,780
5,600
6,762
12,954
4,170
3,224
3,420
¿Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
5,250 00
$45,539
11,863
6,850
2,957
7,920
30,000
682
6,900
2,250
1,500
17,116
1,400
1,700
15,500
5,600
4,200
12,700
3,000
2,418
3,000
50
97
00
50
00
00
50
00
00
00
50
00
00
00
00
00
00
00
00
00
5,000 00
$223,085 00 $188,097 97
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R R. 7s, .
Fitchburg R R. 7s, .
.
.
.
Fitchburg R.R 6s, .
Fitchburg R R. 5s, .
Old Colony R R. 6 s,.
Old Colony R.R. 7s,.
Portland & Ogdensburg R R. 6s,
Estimated
Market Value.
$13,000
9.000
7.000
9.000
7.000
23.000
10.000
$13,630
9,360
7,390
9,450
7,470
24,150
11,100
00
00
00
00
00
00
00
$78,000
$82,550 00
Amount Invested.
$13,000
9.000
7.000
9.000
7.000
23.000
10.000
00
00
00
00
00
00
00
$78,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
$1,582
41,993
6,271
154,047
12
44
23
17
14
24
3
4
per cent.
“
“
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$75,000
83,000
432,632
261,500
00
00
00
00
Rate.
44 per cent.
4|
“
5
“
H
“
Rate.
Amount.
$1,217,391
29,200
43,490
1,400
81
00
00
00
5^ per cent.
5|
“
6
“
64
“
R E P O R T O F TH E
320
[Pub. D oc.
Amount invested in real estate for banking purposes,........................................
Estimated value o f the s a m e , ...............................................................................
Assessed value of the s a m e ,.........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Value, by books, of other real estate held or owned by foreclosure or other
$30,000 00
30,000 00
32,100 00
2,249 77
wise,
...............................................................................................................................
Assessed value of the s a m e , .......................................................................................
Number o f loans which are of an amount not exceeding $3,000 each, 831
1,363 62
19,250 00
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 890
Gross amount of interest or profits received or earned, as per books, dur
825,314 81
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the b y-law s: January 1 and July 1.
Rate and amount of each semi-annual dividend during the j 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ...........................................................j 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
2,892
Number of accounts closed during the year ending Oct. 31, 1891,
2,781
Total number of open accounts Oct. 31, 1891,
.
.
.
.
15,646
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
169,023 26
49,058 56
49,385 91
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
7,707 61
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of s a m e , ........................................................................................ 19,099
Amount of withdrawals, including dividends, during the year ending Oct.
707,227 63
31, 1891.................................................................... ..........................................................
Number of s a m e , ..............................................................................
15,960
Date of examination by commissioner: February 26.
818,985 86
Co m m o n w ea lth
E ssex,
ss .
of
M assa ch u setts.
N ov . 14, 1891.
Personally appeared Henry E . Newhall, Treasurer of the Lynn Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
I s r a e l A . N e w h a l l , Justice o f the Peace.
Nov. 16, 1891.
ss .
Personally appeared Rollin E . Harmon, President, and Thomas P. Nichols, Charles
O. Breed, Micajah P. Clough, Charles H . Ingalls and Fred S. Pevear, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I s r a e l A . N e w h a l l , Justine o f the Peace.
No. 8 .]
321
SA Y IN G S B A N K COM M ISSION ERS.
LYN N INSTITUTION FOR SA V IN G S—LYNN.
Incorporated June 20, 1826.
Present number of corporators, 59.
P h i l i p A . C h a s e , President.
D . H . S w e e t s e h , Treasurer.
D . H . S w e e t s e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
P h il ip A . Ch a se ,
W i l l i a m B a s se t t ,
A mos F . B r e e d ,
J o se p h B. B r e e d .
Open for business every business day, 9
Balance
a .m .
to 1
Sh e e t , O c to b er
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stock,
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Deposits in banks, on interest, .
Tax titles............................................
Cash on hand....................................
p .m . ;
and Saturday, 2.30 to 5.30
p .m .
31, 1891.
L ia b ilit ie s .
$594,200
192,800
35,900
153,500
50,000
00
00
00
00
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$3,047,648 26
152,000 00
194,961 90
33,480 18
1,430,858 00
644,000 00
162,166
88,792
736
8,175
67
46
88
97
$3,394,610 16
$3,394,610 16
Cash on Deposit in Banks, amount in each : —
First National Bank, L y n n , ........................................................................................$87,102 53
National Hide and Leather Bank, B o s t o n , ...........................................................
1,689 93
Loans on Bank Stock, amount on each: —
On
On
On
On
80 shares National City Bank, L y n
20 shares First National Bank, L y n
30 shares First National Bank, L y n
100 shares First National Bank, L y n
n , ..................................................................$8,000
n , ..........................................................
2,000
n , .........................................................
3,000
n , ..........................................................
10,000
On 20 shares Central National Bank, L y n n ,...........................................................I
On 100 shares First National Bank, L y n n , .......................................................... J
On 9 shares Lynn Safe Deposit and Trust Company, Lynn,
.
.
.
00
12 000 00
’
900 00
Loan on Railroad Stock : —
On 500 shares Boston & Maine R . R . , .....................................................................$50,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
[Pub. D oc
R E P O R T O F TH E
322
Detailed Statement o f Public Funds.
Par Value.
Town of Abington, Mass., 4s,.
City of Auburn, Me , 5s, .
of Boston, Mass., 3^s,
of Boston, Mass , 4s,
of Boston, Mass., 6s,
Town of Beverly, Mass., 4s, .
City of Cleveland, Ohio, 6s and 7 s,.
of Columbus, Ohio, 4s, .
of Cambridge, Mass , 6s,
of Concord, N. H., 6s,
of Detroit, Mich., 7s,
of Dayton, Ohio, 4s,
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Fall River, Mass., 4s, .
of Fitchburg, Mass , 4 s , .
County of Franklin, Me , 4 s , .
City of Grand Rapids, Mich., 8s,
County of Hampden, Mass , 3s,
City of Lynn, Mass., 6s, .
of Lynn, Mass., 4s, .
of Lewiston, Me , 6s,
Town of Melrose, Mass , 6s, .
City of Newburyport, M ass, 4s,
of New Bedford, Mass., 6s,
of New Haven, Conn., 7s,
of Peo.riii, 111 , 4|s, .
Town of Peabody, Mass., 4s, .
City of Providence, R. 1 , 5s, .
of Providence, R. I., 6s, .
of Salem, Mass., 6s,
of Somerville, Mass , 5^s,
Town of Skowhegan, Me., 4s,
District of Columbia 6s, .
City of Cambridge, Mass ,4s,.
of Nashua, N. H , 4s,
Estimated
Market Value.
$5,000
500
24,500
31,000
16,900
10,000
33,000
10,000
11,800
22,600
32,000
25,000
25,500
7,420
5,000
10,000
7,000
30,500
9,500
1,080
68.400
11,600
20,300
10,000
6,250
12,400
20,500
20,000
14,980
11,300
2,200
11,000
12,800
33,400
25,000
20,000
$5,000
500
25,000
31,000
16,000
10,000
31,000
10,000
10,000
22,000
29,000
25,000
25,000
7,000
5,000
10,000
7,000
28,500
10,000
1,000
68,400
10,000
20,000
10,000
5,000
10,000
20,000
20,000
14,000
10,000
2,000
10,000
12,800
29,500
25,000
20,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$594,700 $618,430 00
*A
Amount Invested.
$5,000
500
25,000
31,000
16,000
10,000
31,000
10,000
10,000
22,000
29,000
25,000
25,000
7,000
5,000
10,000
7,000
28,500
9,500
1,000
68,400
10,000
20,000
10,000
5,000
10,000
20,000
20,000
14,000
10,000
2,000
10,000
12,800
29,500
25,000
20,000
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$594,200 00
legal investment when made.
Of
No.
Shares.
Detailed Statement o f Bank Stocks.
58
55
89
45
Par Value.
Atlantic Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Continental N’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,800
5,500
8,900
4,500
Estimated
Market Value.
$8,178
5,500
9,523
5,850
00
00
00
00
Amount Invested.
$5,800
5,500
8,900
4,500
00
00
00
00
No. 8 .]
323
SA Y IN G S B A N K COM M ISSION ERS.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
54
55
15
25
15
25
34
59
118
100
20
75
92
50
430
301
213
Par Value.
Everett Nat’l Bank, Boston, .
Nat’l Exchange Bank, Boston,
Freeman’s Nat’l Bank, Boston,
First National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of No. America, Boston,
New England N’l B’k, Boston,
N’l B’k of the Republic,Boston,
Nat’l Rockland Bank, Boston,.
Shawmut Nat’l Bank, Boston,
Second National Bank, Boston,
National Union Bank, Boston,
N’l Hide & Leather B’k, Boston,
First National Bank, Lynn,
Central National Bank, Lynn,
National City Bank, Lynn,
$5,400
5,500
1,500
2,500
1,500
2,500
3,400
5,900
11,800
10,000
2,000
7,500
9,200
5,000
43,000
30,100
21,300
$192,800
. Estimated
Market Value.
$5,562 00
7,480 00
1,500 00
6,000.00
1,710 00
3,450 00
4,182 00
9,676 00
18,880 00
15,300 00
2,520 00
13,875 00
12,880 00
6,200 00
58,050 00
48,160 00
38,340 00
Amount Invested.
$5,400
5,500
1,500
2,500
1,500
2,500
3,400
5,900
11,800
10,000
2,000
7,500
9,200
5,000
43,000
30,100
21,300
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$282,816 00 $192,800 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Providence R.R. 4s, .
Boston & Albany R R. 5s,
New York, Prov. & Boston R.R. 7s,
Boston, Revere Beach & Lynn R.R. 6s,
Boston & Maine R.R. 7s, .
Eastern R R. 6s,
. . .
Fitchburg R.R. 5s, .
Boston, Winthrop & Shore R R. 5s,
Old Colony R.R 6s,.
$20,000
10,000
29.000
10.000
15.000
11,500
25.000
25.000
8,000
$153,500
Estimated
Market Value.
$20,000
10,700
33,060
10,800
15,600
13,915
25.750
26.750
8,640
00
00
00
00
00
00
00
00
00
$165,215 00
Amount Invested.
$20,000
10,000
29.000
10.000
15.000
11,500
25.000
25.000
8,000
00
00
00
00
00
00
00
00
00
$153,500 00
Total Amount of Loans with Each Specified Rate o f Interest.
Kate.
Amount.
$88,792
57,666
85,U00
143,000
46
67
00
00
3 per cent.
4
4J
“
4|
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$972,100 00
2,500 00
648,776 00
Kate.
5 per cent.
Amount.
$25,000 00
313,882 00
75,000 00
Bate.
5| per cent.
6
“
7
324
R E P O R T OF TH E
[Pub. D oc.
Amount invested in real estate for banking p u rp oses,....................................... $33,480 18
Estimated value of the s a m e , ..............................................................................
33,480 18
Assessed value of the same (land o n l y ) , ...........................................................
15,000 00
Number of loans which are of an amount not exceeding $3,000 each, 420
Aggregate amount of the s a m e , ..............................................................................
606,083 00
Total number o f loans upon real e s t a t e , .................................................540
Gross amount o f interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891......................................................................................
84,284 86
Times for the dividends fixed by the by-law s: M ay 1 and November 1.
Rate and amount of eachsemi-annual dividend during the ) 2 per cent., f
55,340 84
55,582 06
year ending Oct. 31, 1 8 9 1 , .......................................................... 1 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
1,429
Number of accounts closed during the year ending Oct. 31, 1891,
1,423
Total number of open accounts Oct. 31, 1891,
.
.
.
.
9,341
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of ta x e s ),...........................................................................................................7,814
99
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
616,734 85
Number of s a m e , ........................................................................................9,350
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ....................................................................................................................
Number of s a m e , ....................................................................................... 9,676
Date o f examination by commissioner: March 6.
Co m m o n w ea lth
E
s s e x , ss .
of
685,031 65
M assach usetts.
N
ov.
1 0 ,1 8 9 1 .
Personally appeared D. H . Sweetser, Treasurer o f the Lynn Institution for Savings,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
ss .
B e n j . E . P o r t e r , Justice o f the Peace.
N
ov.
10, 1891.
Personally appeared Philip A . Chase, President, and Eugene Barry, Warren M .
Breed, John S. Bartlett, A . F . Breed and Charles W . Porter, trustees o f said corpora
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
B e n j . E . P o r t e r , Justice o f the Peace.
No. 8 .]
325
SA Y IN G S B A N K COM M ISSION ERS
M ALDEN SAVINGS BANK —MALDEN.
Incorporated April 2, 1860.
Present number o f corporators, 39.
J a m e s P ie r c e , President.
F r a n c is A . S h o v e , Treasurer.
F r a n c is A . S h o v e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
J a m e s P ie r c e ,
E v e r e t t J. S t e v e n s ,
A . G. H i l l ,
J. P . H o l d e n ,
A . F . Sa r g e n t ,
F . F. SlLLIMAN.
Open for business every business day, 8.30
a .m .
7 to 8.30
Balance
to 1
p .m .
; also Saturday, for deposits,
p .m .
Sh e e t , O cto b er
A ssets .
31, 1891.
L ia b ilit ie s .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loan on bank stock, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
$149,000
10,000
55,000
500
780,083
449,390
00
00
00
00
38
00
55,250
250
15,792
380
606
00
00
07
32
42
$1,516,252 19
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$1,447,282 69
38,500 00
4,530 65
25,938 85
$1,516,252 19
Cash on Deposit in Banks, amount in each : —
First National Bank, M a l d e n , ............................................................................. $11,971 46
National Exchange Bank, B o s t o n , ....................................................................
3,820 61
Loan on Public F unds: —
On $10,000 City of Malden 6
s
, ..............................................................................$10,000 00
Loan on Bank Stock: —
On 5 shares First National Bank, M a l d e n , .......................................................... $500 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
326
[Pub. D oc
R E P O R T O F TH E
Detailed Statement o f Public Funds.
Par Value.
City of Fall River, Mass., 6s, .
of Fitchburg, Mass , 6s, .
of Bangor, Me., 6s,
of Newton, Mass., 5s,
of Malden, Mass , 4s,
Town of Woburn, Mass., 6s, .
of Brookline, Mass , 7s,
of Clinton, Mass., 4s, .
$5,000
1,000
5,000
8,000
100,000
10,000
10,000
10,000
$149,000
Estimated
Market Value.
$6,300
1,032
6,100
8,780
102,850
10,100
11,732
10,000
00
00
00
00
00
00
00
00
Amount Invested.
$5,000
1,000
5,000
8,000
100,000
10,000
10,000
10,000
00
00
00
00
00
00
00
00
$156,894 00 $149,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
20
23
13
25
28
8
73
15
25
20
10
11
30
12
14
10
55
7
5
16
47
10
68
5
Par Value.
Atlas National Bank, Boston, .
Atlantic Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
Continental hi’l Bank, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston, .
Nat’l Exchange Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Hamilton N’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
N’l B’k of No. America, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,
N’l B’k of Redemption, Boston,
Nat’l Revere Bank, Boston,
Nat’l Rockland Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First Nat’l Bank, Malden,
Blackstone Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000
2,300
1,300
2,500
2,800
800
7,300
1,500
2,500
2,000
1,000
1,100
3,000
1,200
1,400
1,000
5,500
700
500
1,600
4,700
1,000
6,800
500
$55,000
Estimated
Market Value.
$2,430
3,220
1,665
3,231
2,905
976
9,982
3,615
2,500
2,480
1,200
1,215
4,500
1,497
1,949
1,182
6,985
743
765
2,016
5,728
1,022
10,200
501
00
00
63
25
00
00
75
00
00
00
00
50
00
00
50
50
00
75
00
00
13
50
00
25
$72,511 76
Amount Invested.
$2,000
2,300
1,300
2,500
2,800
800
7,300
1,500
2,500
2,000
1,000
1,100
3,000
1,200
1,400
1,000
5,500
700
500
1,600
4,700
1,000
6,800
500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$55,000 00
No. 8 .]
327
SA Y IN G S B A N K CO M M ISSION ERS.
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$15,792
18,000
9,500
27,750
Rate.
07
00
00
00
Amount.
2£ per cent.
3*
. “
3è
“
4
«
$20,000 00
40,000 00
305,975 00
Rate.
Amount.
Rate.
44 per cent.
4è
5
“
$318,861 38
523,637 00
31,750 00
5^ per cent.
6
6i
“
Number of loans which are o f an amount not exceeding $3,000 each, 421
Aggregate amount o f the s a m e , .............................................................................
Total number of loans upon real e s t a t e , ................................................ 448
Gross amount of interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 1 , .............................................................................
$523,270 38
77,762 80
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend during the i 2 per cent., r
25,297
26,273
year ending Oct. 31, 1 8 9 1 , .......................................................... J 2 per cent, {
Number of accounts opened during the year ending Oct. 31, 1891,
1,173
Number of accounts closed during the year ending Oct. 31, 1891,
. 726
Total number of open accounts Oct. 31, 1891,
.
.
.
.
5,950
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
4,802
sive of taxes)...................................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
455,339
Number of s a m e , ...................................................................................... 8,792
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ....................................................................................................................
61
86
66
39
399,949 89
Number of s a m e , ....................................................................................... 5,210
Date of examination by commissioner: May 4.
Co m m o n w ea lth
M id d l e s e x ,
ss .
of
M a s sa c h u s e t t s .
Nov. 6, 1891.
Personally appeared Francis A. Shove, Treasurer of the Malden Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
ss .
E d w a r d P. K i m b a l l , Justice o f the Peace.
N ov . 10, 1891.
Personally appeared James Pierce, President, and A . G. Hill, D . Ayers, A . F. Sargent,
J. P. Holden, E . J. Stevens and F. F. Silliman, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl
edge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
E d w a r d P. K i m b a l l , Justice o f the Peace.
328
[Pub. D oc
R E P O R T O F TH E
MARBLEHEAD SAVINGS BANK - MARBLEHEAD.
Incorporated March 18, 1871.
Present number of corporators, 61.
N . P . S a n b o r n , President.
W
il l ia m
G i l l e y , Treasurer.
E v e r e t t P a in e , Clerk o f the Corporation.
Names of committee charged with the investment o f its funds:
N . P. S a n b o r n ,
W
il l ia m
H en ry A . P o tter,
R eynolds,
S a m u e l D . S m it h ,
M oses G il b e r t .
Open for business every business day, 9
B alance
a .m .
Sh e e t , O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.
to 12
m .,
also Saturday, 6 to 8
p .m .
31, 1891.
L ia b ilit ies .
$42,343
55,897
4,800
43,229
20,064
110,850
103,700
19,242
639
1,240
75
54
00
37
08
00
00
64
OS
61
$402,007 07
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$384,943 22
8,829 78
7,957 05
277 02
$402,007 07
Cash on Deposit in B ank: —
Marblehead National Bank, M a r b l e h e a d ,...........................................................$19,242 64
Loans on Bank Stock, amount on each: —
On 22 shares National Grand Bank, M a r b l e h e a d , .......................................i
$4 300 00
On 21 shares Marblehead National Bank, Marblehead,
.
.
.
.
1
’
On 5 shares Marblehead National Bank, Marblehead,
.
.
.
.
500 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
329
SA Y IN G S B A N K COM M ISSION ERS
Detailed Statement o f Public Funds.
Par Value.
Town of Marblehead, Mass , 4s,
of Melrose, Mass., 7s, .
City of Bangor, Me., 6s, .
Town of Arlington, Mass., 6s,
City of Cleveland, Ohio, 5s, .
Estimated
Market Value.
$17,000
10,000
8,000
2,000
5,000
$17,353
10,147
8,127
2,000
5,195
40
00
20
00
30
$42,000
$42,822 90
Amount Invested.
$17,000
10,100
8,100
2,000
5,143
00
00
00
00
75
$42,343 75
No. of
Shares.
Detailed Statement o f Public Funds.
38
17
31
30
25
5
9
25
20
25
25
21
56
19
25
29
24
32
4
8
Par Value.
N’l Grand Bank, Marblehead,
Marblehead National Bank,
Marblehead,
Boylston Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Merchants’ N’l Bank. Boston,
Mt. Vernon N’l Bank, Boston,
North National Bank, Boston,
Shawmut Nat’ L Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
N’l B’k of Commerce, Boston,
N ’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N'l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Winthrop Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,800
1,700
3,100
3,000
2,500
500
900
2,500
2,000
2,500
2,500
2,100
5,600
1,900
2,500
2,900
2,400
3,200
400
800
$46,800
Estimated
Market Value.
$4,560 00
1,955
3,999
3,000
3,250
600
900
3,737
2,760
3,481
3,150
1,953
6,818
2,427
3,087
3,683
3,840
3,968
424
912
00
00
00
00
00
00
50
00
25
00
00
00
25
50
00
00
00
00
00
$58,505 50
Amount Invested.
$4,639 15
1,920
3,839
3,485
2,687
591
999
3,331
2,505
3,056
3,084
2,366
6,048
2,440
2,778
4,067
3,072
3,744
442
800
25
50
00
50
25
00
25
20
25
37
25
45
00
12
25
00
00
75
00
$55,897 54
[Pub. D oc.
R E P O R T O F TH E
330
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R R. 7s,
Boston & Lowell R R. 4s,
Fitchburg R R. 5s, .
Fitchburg R R. 44s, .
.
.
Boston & Maine R R 7s, .
Maine Central R R. 4|s, .
.
Estimated
Market Value.
$10,000
10,000
5.000
5.000
7.000
5.000
$10,925
10,000
5,441
5,056
7,385
5,254
$42,000
$44,061 87
Amount Invested.
$10,600
10,000
5.000
5.000
7,375
5,254
00
00
50
00
00
37
00
00
00
00
00
37
$43,229 37
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
$19,242 64
7,000 00
59,960 00
2 per cent.
4à
“
5
“
Amount.
$59,150 00
78,240 00
5,000 00
Rate.
5£ per cent.
6
6i
Rate.
Amount.
$5,000 00
5,000 00
6^ per cent.
7
Value, by books, o f real estate held or owned by foreclosure or otherwise,
Assessed value o f the s a m e ,........................................................................................
Net income received from same during year ending Oct. 31,1891,
Number of loans which are of an amount not exceeding $3,000 each,
$20,064 08
21,000 00
1,271 34
70
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate,..........................................................76
Gross amount of interest or profits received or earned, as per books, during
60,090 00
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the b y-law s: May 1 and November 1.
Rate and amount of each semi-annual dividend during the i 2 per cent., r
year ending Oct. 31, 1 8 9 1 , ..........................................................J 2 per cent, {
Number of accounts opened during the year ending Oct. 31, 1891,
. 315
Number of accounts closed duringthe year ending Oct. 31, 1891,
. 225
16,936 97
6,650 59
6,984 19
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,806
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes), ..........................................................................................................
Amount of deposits, not including dividends, received during the year
683 46
ending Oct. 31, 1 8 9 1 , ................................................................................................
Number of s a m e , ..............................................................................1,753
Amount of withdrawals, including dividends, during the year ending
76,347 44
Oct. 31, 1891......................................................................................................................
Number of s a m e , ..............................................................................1,224
Date of examination by commissioner: June 29.
64,556 45
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Federal Reserve Bank of St. Louis
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
331
C o m m o n w e a l t h .of M a s s a c h u s e t t s .
E ssex ,
ss.
N o v . 17, 1891.
Personally appeared W illiam Gilley, Treasurer o f the Marblehead Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
E ssex ,
ss .
W
il l i a m
D . T . T b e f r y , Justice o f the Peace.
N ov . 18, 1891.
Personally appeared N . P. Sanborn, President, and Everett Paine, Samuel D . Smith,
Benj. J. Lindsey, Henry A . Potter and John S. Martin, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Stephen C. F elton, Justice o f the Peace.
[P u b . D o c .
REPORT OF THE
332
MARLBOROUGH SAVINGS B A N K — MARLBOROUGH.
Incorporated April 3, 1860.
Present number of corporators, 111.
S. H erbert H owe, President.
E dward R. A lley, Treasurer.
E dward R . A lley, Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
S. H erbert H owe,
Loriman S. Brigham,
A lbe C. W eeks,
W inslow M . W arren,
W illiam D . Burdett.
Open for business every business day, except Saturday, 9 a .m . to 12 m., 2 to 4 p.m .;
Saturday, 9 a . m. to 12 m.
B a l a n c e Sh e e t , O c t o b e r
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Expense account,
31, 1891.
$263,100
204,650
3,329
97,500
845,890
65,655
00
00
00
00
00
00
$1,455,689 64
38,680 00
9,566 55
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
37,470 38
42.000 00
173958 76
1,323 81
$1,541,406 57
^1,541,406 57
Cash on Deposit in Banks, amount in each : —
First National Bank, M a r l b o r o u g h ,.....................................................................$10,401 95
People’s National Bank, Marlborough.......................................................................
7,556 81
Loan on Bank Stock:—
On 37 shares National Eagle Bank, Boston,
On 2 shares Winthrop National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
‘ J
$3,329 00
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S
333
Detailed Statement of Public Funds.
Par Value.
Town of Arlington, Mass , 6s,
City of Boston, Mass , 4s,
of Boston, Mass., 6s,
of Cambridge, Mass , 6s,
of Charlestown, Mass , 6s,
Town of Clinton, Mass , 4s, .
City of Detroit, Mich , 4s,
of Dover, N. H,, 6s, .
of Fall River, Mass., 6s, .
of Fitchburg, Mass , 4s, .
of Keene, 1M. H , 4s,
of Lewiston, Me., 5s,
of Lowell, Mass , 4s,
of Lynn, Mass., 6s, .
of Lynn, Mass., 4s. .
of Marlborough, Mass., 4s,
of Malden, Mass., 4s,
of Newton, Mass , 5s,
of Newton, Mass , 4s,
Town of Pawtucket, R. I., 5s,
of Pawtucket, R. I., 4s,
City of Providence, R. 1 , 5s, .
of Somerville, Mass., 5s, .
of Springfield, Mass ,7s,
of Taunton, Mass., 6s,
of Waltham, Mass , 4s., .
Town of Weymouth, Mass., 4s,
of Wellesley, Mass., 4s,
of Winchester, Mass , 4s,
City of Worcester, Mass , 4s, .
of Worcester, Mass, 3¿s,
$3,000
20,000
11,000
12,000
4,000
9,000
5,000
4,400
15,000
3,000
10,000
7,000
10,000
5,000
2,000
42,000
5,000
2,000
1,000
10,000
3,000
9,000
5,000
1,000
4,000
15,000
5,000
15,000
15,000
5,500
5,000
Estimated
Market Value.
$3,000 00
20,175 00
13,090 00
12,545 00
4,020 00
9,115 00
5,050 00
4,466 00
15,462 50
3,000 00
10,050 00
8,050 00
10,000 00
5,275 00
2,010 00
42,430 00
5,050 00
2,260 00
1,015 00
10,600 00
3,045 00
10,170 00
5,150 00
1,140 00
4,260 00
15,187 50
5,070 00
15,050 00
15,150 00
5,500 00
4,900 00
Amount Invested.
$3,000 00
20,000 00
11,000 00
12,000 00
4,000 00
9,000 00
5,000 00
4,400 00
15,000 00
3,000 00
10,000 00
7,000 00
10,000 00
5,000 00
2,000 00
42,200 00
5,000 00
2,000 00
1,000 00
10,000 00
3,000 00
9,000 00
5,000 00
1,000 00
4,000 00
15,000 00
5,000 00
15,000 00
15,000 00
5,550 00
5,000 00
$262,900 $271,286 00 $263,100 00
No. of
Shares.
Detailed Statement of Bank Stocks.
80 Atlas National Bank, Boston, .
50 Blackstone N’l Bank, Boston,
50 Boston Nat’l Bank, Boston,
12 Boylston Nat’l Bank, Boston, .
88 Continental N’l Bank, Boston,
45 Eliot Nat’l Bank, Boston,
62 Everett Nat’l Bank, Boston, .
70 Faneuil Hall N’l B’k, Boston,
40 Freeman’s N’l Bank, Boston, .
50 Globe Nat’l Bank, Boston,
25 Hamilton Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$8,000
5,000
5,000
1,200
8,800
4,500
6,200
7,000
4,000
5,000
2,500
Estimated
Amount Invested.
Market Value.
$9,720
5,000
5,600
1,548
11,440
5,490
6,417
9,940
4,000
5,000
3,000
00
00
00
00
00
00
00
00
00
00
00
$8,000
5,000
5,000
1,200
8,800
4,500
6,200
7,000
4,000
5,000
2,500
00
00
00
00
00
00
00
00
00
00
00
REPORT OF THE
334
[P u b . D o c
Detailed Statement of Bank Stocks — Concluded.
o 3
O«
« §
35
70
50
50
10
50
15
76
75
15
64
42
75
60
25
75
30
50
50
65
50
70
50
80
15
30
82
85
14
16
Par Value.
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Mt Vernon N’l Bank, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Eagle Bank, Boston,
N’l Exchange Bank, Boston, .
N’l Hide & Leather B’k, Boston,
N’l B’k of No. America, Boston,
•N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Revere Bank, Boston,
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, Clinton,
First National Bank, Lynn,
First N’l Bank, Marlborough,
People’s N’l B’k, Marlborough,
Newton Nat’l Bank, Newton,
City Nat’l Bank, Worcester, .
$3,500
7,000
5,000
5,000
1,000
5,000
1,500
7,600
7,500
1,500
6,400
4,200
7,500
6,000
2,500
7,500
3,000
5,000
5,000
6,500
5,000
7,000
5,000
8,000
1,500
3,000
8,200
8,500
1,400
1,600
Estimated
Market Value.
$3,867
7,105
5,000
7,475
1,380
4,800
1,912
7,828
10,200
1,860
7,504
5,334
12,000
6,360
3,500
7,500
3,420
6,300
4,650
7,897
5,300
7,455
5,000
8,160
1,875
4,050
9,020
10,20»
1,120
2,320
50
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$3,500
7,000
5,000
5,000
1,000
5,000
1,500
7,600
7,500
1,500
6,400
4,200
7,500
6,000
2,500
7,500
3,000
5,000
5,000
6,500
5,000
7,000
5,000
8,000
1,500
3,000
8,200
8,550
1,400
1,600
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$204,600 $237,548 50 $204,650 00
Detailed Statement of Railroad Bonds.
Par Value.
Boston & Albany R.R. 6s,
Boston & Lowell R R. 6s,
Boston & Lowell R.R. 7s,
Boston & Lowell R R. 4s,
Boston & Maine R R 7s, .
Boston & Providence R R. 5s, .
Fitchburg R.R. 4|s, . . . .
Old Colony R R. 6s,
Old Colony R R. 4^s,
Old Colony R R. 4s,
. . .
Portland & Ogdensburg R R. 6s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,000
5,000
2,000
10,000
7,500
5,000
20,000
2,000
3,000
30,000
10,000
$97,500
Estimated
Market Value.
$3,150
5,300
2,010
10,000
7,760
5,050
19,800
2,130
3,105
30,300
11,200
00
00
00
00
00
00
00
00
00
00
00
$99,805 00
Amount Invested.
$3,000
5,000
2,000
10,000
7,500
5,000
20,000
2,000
3,000
30,000
10,000
00
00
00
00
00
00
00
00
00
00
00
$97,500 00
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
335
Total Amount of Loans with Each Specified Rate of Interest.
2£ per cent.
4
“
$17,958 76
47,000 00
$23,329 00
307,500 00
Rate.
Amount.
Rate.
Amount.
Rate.
Amount.
4J per cent.
5
“
5J per cent.
6
$29,858 00
549,187 00
V
Number of loans which are of an amount not exceeding $3,000 each, 565
Aggregate amount of the s a m e , ..............................................................................$514,350 00
Total number o f loans upon real estate,
..
•
•
•
•
Gross amount o f interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891.....................................................................................
Times for the dividends fixed by the by-law s: third Wednesday in January and July.
Rate and amount of each semi-annual dividend during the 12 per cent., f
year ending Oct. 31, 1891, . ...................................................... ' 2 per cent., (
Number of accounts opened during the year ending Oct. 31, 1891,
Number of accounts closed during the year ending Oct. 31, 1891,
77,840 39
26,719 26
27,319 02
. 773
. 729
Total number of open accounts Oct. 31, 1891.......................................
4,584
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) , ................................................. ................................................
Amount of deposits, not including dividends, received during the year
4,134 02
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , ....................................................................................... 3,847
Amount of withdrawals, including dividends, during the year ending Oct.
286,064 00
31, 1 8 9 1 , ....................................................................
Number of s a m e , ..........................................................
Date of examination by commissioner: March 17.
305,989 06
Commonwealth
Middlesex ,
ss.
of
Massachusetts.
Nov. 16, 1891.
Personally appeared Edward R . Alley, Treasurer of the Marlborough Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of ail the resources and liabilities o f said institution, and that the answeis
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Middlesex,
ss.
Frederick L . Claflin, Justice o f the Peace.
-Nov- it:)>
Personally appeared L. S. Brigham, Vice-President, and W . D . Burdett, Winslow M .
W arren, Benj. F. Greeley, W illiam L. Morse and F. A . Coolidge, trustees of said corpora
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
F rederick. L . Claflin, Justice o f the Peace.
REPORT OF THE
336
[P u b . D o c .
MECHANICS’ SAVINGS B A N K — HOLYOKE.
Incorporated March 16, 1872.
Present number of corporators, 30.
Timothy M errick, President.
E.
C. B. Prescott, Treasurer.
W . Chapin, Clerk o f the Corporation.
Names of committee charged with the investment o f its funds :
Timothy Merrick,
J. S. W ebber,
R . P. Crafts,
Lemuel Sears,
S. C. W eld .
Open for business every business day, 9 a .m . to 4 p .m. ; also Saturday, 6 to 8 p.m.
B a l a n c e Sh e e t , O c t o b e r
A ssets .
Bank stock as per schedule,
Loans on bank stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Furniture and fixtures,
Cash on hand,
.
.
.
.
31, 1891.
L ia b ilit ie s .
$.51,296
15,800
7,600
563,939
259,400
175
40,837
2,741
2,407
3,781
50
00
00
00
00
00
86
77
00
93
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$947,979 06
$901,316 95
21,325 00
13,568 79
11,768 32
$947,979 06
Cash on Deposit in Bank : —
City National Bank, H o l y o k e , ...............................................................................$40,837 86
Loans on Bank Stock, amount on each : —
On 8 shares Chapin National Bank, S p rin gfield ,................................................. ..
On 68 shares Third National Bank, S p r in g fie ld ,....................................... I $8,900 00
On 13 shares Hadley Falls National Bank, H o ly o k e ,........................................J
On 8 shares Agawam National Bank, Springfield,
.
.
.
.
.
800 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
N o . 8 .]
On
On
On
On
S A Y IN G S B A N K C O M M IS S IO N E R S .
337
5 shares Springfield Safe Deposit and Trust Company, Springfield,
.
60 shares Home National Bank, H o l y o k e , .................................................
10 shares Home National Bank, H o l y o k e , ................................................. ..
10 shares City National Bank, Holyoke..............................................................}
$100 00
5,000 00
1>000 00
No. of
Shares.
Detailed Statement of Bank Stocks.
22
20
50
92
3
193
Par Value.
Shoe & Leather N’l B’k, Boston,
First Nat’l Bank, Springfield,
Third Nat’l Bank, Springfield,
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
City National Bank, Holyoke,
$2,200
2,000
5,000
9,200
300
19,300
$38,000
-
Estimated
Market Value.
$2,200
2,800
10,000
15,640
498
21,230
Amount Invested.
00
00
00
00
00
00
$52,368 00
$3,008
3,080
8,500
14,710
498
21,500
50
00
00
00
00
00
$51,296 50
Total Amount of Loans with Each Specified Rate of Interest.
Amount.
$40,837 86
Kate.
Amount.
Kate.
4 per cent.
$831,039 00
5 per cent.
Amount.
$8,275 00
Rate.
6 per cent.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .......................................................................................
Number of loans which are o f an amount not exceeding $3,000 each, 191
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 216
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ...............................................................................
$7,600 00
5,960 00
246,614 00
3,008 50
44,954 18
Times for the dividends fixed by the by-law s: second Monday in May and
November.
Rate and amount o f each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 9 1 ,........................................................... I 2 per cent., I
Number of accounts opened during the year endingOct.31, 1891,
. 491
Number of accounts closed during the year ending Oct. 31, 1891,
. 475
Total number of open accounts Oct. 31, 1891.........................
2,544
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive o f t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number of same,
.
Date of examination by commissioner: February 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4,959 35
246,674 00
3,894
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ...........................................................................................................
Number of s a m e , .............................................................................. 2,467
16,457 25
16,666 43
262,962 77
REPORT OF THE
338
Co m m o n w e a lth
H am pden,
ss .
of
[P u b . D o c .
M assa ch u setts.
N o v . 9 , 1891.
Personally appeared Charles B. Prescott, Treasurer o f the Mechanics’ Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
H am pden,
ss .
E. W . C h a p i n , Justice o f the Peace.
N ov . 9, 1891.
Personally appeared Timothy Merrick, President, and J. S. Webber, Lemuel Sears,
G. H . Smith, James Connor, A . W . Esleeck, Edward C. Taft and S. C. W eld, trustees
o f said corporation, and severally made oath that the annexed report is correct, accord
ing to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
E . W . C h a p i n , Justice o f the Peace.
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S
339
MECHANICS’ SAVINGS BANK — LOW ELL.
Incorporated March 1, 1861.
Jeremiah Clark, President.
Present number o f corporators, 50.
Chas. C. H utchinson, Treasurer.
'
Chas. C. Hutchinson, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Jacob Rogers,
John Davis,
Francis Carll,
James F rancis,
Chas C. H utchinson.
Open for business every business day, 9 a . m . to 1 p. m. ; also Saturday, 7 to 9 p.m .
B a l a n c e Sh e e t , O ctober
L iab ilit ies .
A ssets .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loan on railroad bonds, .
Railroad notes, .
.
.
.
Real estate (for banking pur
poses),
.
.
.
.
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
T a x e s , .......................................
Cash on hand, .
.
.
.
31, 1891.
$253,650
39,300
20,000
20,000
100,000
00
00
00
00
00
88,000
58,000
925,605
638,360
42,259
2,598
1,014
8,734
00
00
00
00
79
76
00
71
$2,197,522 26
Deposits, .
Guaranty fund,
Interest account,
Rent account, .
Suspense account,
.
$2,067,497 45
70,200 00
44,471 65
10,267 13
5,086.03
$2,197,522 26
Cash on Deposit in Banks, amount in each: —
Railroad National Bank, L o w e l l ,..............................................................................$26,763 25
Old Lowell National Bank, L o w e l l , ....................................................................
2,000 00
Appleton National Bank, L o w e l l ,..............................................................................
10,000 00
National Hide and Leather Bank, Boston.................................................................
3,496 54
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[P u b . D o c
REPORT OF THE
340
Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On
On
On
On
$2,500 00
25 shares Old Lowell National Bank, L ow e ll,.
70 shares National Bank o f the Commonwealth, Boston,
20 shares Metropolitan National Bank, Boston,
10 shares Railroad National Bank, Lowell,
20 shares Merchants’ National Bank, L o w e ll,.
150 shares National Hide and Leather Bank, Boston,
85 shares Railroad National Bank, Lowell,
3 shares First National Bank, Lowell,
.
.
.
.
8 shares Railroad National Bank, Lowell,
3 shares Old Lowell National Bank, Lowell, .
I
10,000 00
2,000 00
I
23,500 00
I
1,000 00
300 00
Loan on Railroad Bonds : —
On $20,000 Lowell & Lawrence R . R . , ..................................................................... $20,000 00
No. of
Shares.
Detailed Statement of Bank Stocks.
106
99
63
9
45
40
25
90
8
65
200
13
265
100
10
105
43
37
281
83
160
20
39
7
50
28
30
117
68
Par Value.
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
National City Bank, Boston, .
N’l Bank of Commerce, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Metropolitan N’l Bank, Boston,
Mt. Yernon N’l Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
N’l B’k of No. America,Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Revere Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
Collateral Loan Co.. Boston, .
Bay State N’l Bank, Lawrence,
Railroad Nat’l Bank, Lowell, .
First National Bank, Malden, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,600
9,900
6,300
900
4,500
4,000
2,500
9,000
800
6,500
20,000
1,300
26,500
10,000
1,000
10,500
4,300
3,700
28,100
8,300
16,000
2,000
3,900
700
5,000
2,800
2,250
11,700
6,800
Estimated
Amount Invested.
Market Value.
$12,879
9,924
7,087
870
5,765
4,120
3,050
9,315
1,928
7,800
24,800
1,436
39,750
9,037
1,380
17,220
5,982
4,615
35,687
13,280
17,000
3,705
4,914
700
5,000
3,360
3,900
15,210
9,860
00
75
50
75
62
00
00
00
00
00
00
50
00
50
00
00
38
75
00
00
00
00
00
00
00
00
00
00
00
$11,660
9,900
7,056
900
5,040
4,000
2,500
9,000
800
8,000
21,000
1,300
36,800
10,000
1,000
15,500
5,160
3,700
32,315
9,960
19,200
2,500
4,290
7C0
5,000
2,800
2.250
13,839
7,480
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$219,850 $279,578 75 $253,650 00
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
341
Detailed Statement of Railroad Bonds.
Conn. & Passumpsic Rivers R.R. 7s,
Salem & Lowell R.R. 6s,.
Boston & Lowell R.R. 7s,
Par Value.
Estimated
Market Value.
Amount Invested.
$17,000
2,000
1,000
$18,020 00
2,240 00
1,020 00
$17,000 00
2,000 00
1,000 00
$20,000
$21,280 00
$20,000 00
Total Amount of Loans with Each Specified Rate of Interest.
Amount.
$30,259
2,000
18,000
225,260
79
00
00
00
Kate.
Amount.
Rate.
Amount.
2£ per cent.
3
4
“
4h
“
$55,000 00
1,122,405 00
50,000 00
4 f per cent.
5
5|
$92,500 00
166,700 00
3,400 00
Kate.
5^ per cent.
6
7
Amount invested in real estate for banking purposes...........................................
Estimated value of the s a m e , ...............................................................................
Assessed value of the s a m e , ........................................................... .........
Net income received from same during year ending Oct. 31, 1891,
Value, by books, o f other real estate held or owned by foreclosure or
o t h e r w i s e ,.....................................................................................................................
Assessed value of the s a m e ,.........................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each,
347
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 406
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 ,..........................................................................................
$
88,000 00
80,000 00
65.000 00
3,559 50
58.000 00
52,300 00
1,927 79
434,340 00
104,213 85
Times for the dividends fixed by the by-laws : first Saturday in June and
December.
Rate and amount o f each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ........................................................... J 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
.
38,421 26
39,121 58
783
Number o f accounts closed during the year ending Oct. 31, 1891,
. 646
Total number of open accounts Oct. 31, 1891,
.
.
.
.
5,088
Total expenses of the corporation for the year ending Oct. 31, 1891, exclu
sive of taxes.....................................................................................................................
6,485 89
Amount of deposits,not including dividends, received during the year end
ing Oct. 31, 1 8 9 1 ,............................................................................................................
365,806 04
Number o f s a m e , ...................................................................................................4,482
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , ......................................................................................................................
Number of s a m e , ...................................................................................................3,496
Date of examination by commissioner: September 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
375,275 05
REPORT OF THE
342
Commonwealth
M iddlesex ,
ss.
of
[P u b . D o c .
Massachusetts.
Nov. 11, 1891.
Personally appeared Chas. C. Hutchinson, Treasurer of the Mechanics’ Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
M iddlesex,
ss.
W illiam F. H ills, Justice o f the Peace.
N ov. 11, 1891,
Personally appeared Jeremiah Clark, President, and Jacob Rogers, James Francis,
Francis Carll, Julian Y . Keyes and W illiam G. W ard, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl
edge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
W illiam F. H ills, Justice of the Peace.
N o . 8 .]
S A V IN G S B A N K C O M M IS S IO N E R S .
343
MECHANICS’ SAVINGS BAN K — READING.
Incorporated March 20, 1891.
Present number of corporators, 12.
Jason W . R ichardson, President.
Lewis M . Bancroft, Treasurer.
E dgar N . H unt, Clerk o f the Corporation.
Names of committee charged with the investment o f its funds :
Jason W. R ichardson,
W illiam A. Lang,
W endell Bancroft.
Open for business every business day, 8.30 to 11
7.30 to 9
a .m
., 2.30 to 4 p . m . ; Saturday,
p .m .
B a l a n c e S h e e t , O c t o b e r 31, 1891.
A ssets .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Deposit in bank, not on interest, .
Expense account,
Cash on hand, .
.
.
.
L iab ilit ies .
$1,010
1,055
1,780
377
2
111
00
00
00
94
50
93
Deposits, .
Interest account,
$4,337 37
$4,333 43
3 94
$4,337 37
Cash on Deposit in Bank :—
First National Bank, Reading,
$377 94
Detailed Statement of Bank Stocks.
V« «
° 2
é
^
j§
GO
10
First National Bank, Reading,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
$1,000
$1,010 00
Amount Invested.
$1,010 00
[P u b . D o c .
REPORT OF THE
344
Detailed Statement of Railroad Bonds.
Par Value.
■
$1,000
Fitchburg R.R. 7s, .
Estimated
Market Value.
Amount Invested.
$1,055 00
$1,055 00
Total Amount of Loans with Each Specified Rate of Interest.
Kate.
Amount.
6 per cent.
-
Amount.
$1,780 00
Rate.
Amount.
Rate.
-
-
Number of loans which are of an amount not exceeding $3,000 each,.
2
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 2
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the b y-la w s: second Saturday in June
and December.
Number of accounts opened during the year ending Oct. 31, 1891,
50
Number o f accounts closed during the year ending Oct. 31, 1891,
.
4
Total number of open accounts Oct. 31, 1 8 9 1 , .......................................46
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1891,
.
.........................................................................................
$1,780 00
9 00
5,358 43
Number of s a m e , ........................................................................................
85
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891................................................................................................................................
Number of s a m e , ................................................................................................ 14
Co m m o n w e a lth
M id d l e s e x ,
oe
1,025 00
M assach u setts.
Nov. 19, 1891.
ss .
Personally appeared Lewis M . Bancroft, Treasurer o f the Mechanics’ Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
W
il l ia m
H. W
il l is ,
Justice o f the Peace.
N ov . 19, 1891.
ss .
Personally appeared Jason W . Richardson, President, and Wendell Bancroft, William
A . Lang, George H . Atkinson, Moses E . Nichols and Rufus C. Eames, trustees o f said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
W
il l ia m
H. W
il l is ,
Justice o f the Peace.
N o . 8 .]
S A V IN G S B A N K C O M M IS S IO N E R S .
345
MEDFORD SAVINGS BANK —MEDFORD.
Incorporated Feb. 26, 1869.
Present number of corporators, 71.
D a n ie l W . L a w r e n c e , President.
J
. G il m a n
W
C h a r l e s B . B u ss , Treasurer.
a it e ,
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
D a n ie l W . L a w r e n c e ,
D a n ie l A . G l e a s o n ,
Ben j. F . H a te s,
F r a n c is E . F o s t e r ,
Ch ar les M . Ba r r e t t .
Open for business every business day, 8 to 11
B alance
a .m .,
Sh e e t , O ctober
p .m .
; also Saturday, 7 to 9
p .m .
31, 1891.
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur
poses)..............................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Safe, furniture and fixtures,
Cash on hand, .
.
.
.
3 to 6
$98,160 00
32,850 00
50,375 00
24.000 00
448,450 00
183,050 00
30.000
18,188
3,500
3,983
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account,
$845,268 74
21,400 00
20,184 77
5,703 50
00
74
00
27
$892,557 01
$892,557 01
Cash on Deposit in Banks, amount in each: —
National Exchange Bank, B o s t o n , .....................................................................$9,940 18
National Bank of Commerce, B o s t o n ,....................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8,248 56
[P u b . D o c
REPOET OF THE
346
Detailed Statement of Public Funds.
Par Value.
City of Biddeford, Me., 4s,
of Lynn, Mass , 5s, .
of Fall River, Mass , 6s, .
Town of Melrose, Mass., 7s, .
of Natick, Mass., 4s,
of Medford, Mass , 6s, .
of Medford, Mass., 4s, .
of Welleslev, Mass , 4s,
of Hartland, Me., 4|s, .
District of Columbia 6s, .
•
*A
Estimated
Market Value.
$14,500
5,000
3,000
7,000
5,000
3,000
25,000
15,000
12,000
8,000
$14,500
5,550
3,660
7,140
5,000
3,150
25,000
15,000
12,000
8,040
00
00
00
00
00
00
00
00
00
00
$97,500
$99,040 00
Amount Invested.
$14,500
5,000
3,660
7,000
5,000
3,000
25,000
15,000
12,000
8,000
00
00
00
00
00
00
00
00
00*
00
$98,160 00
legal investment when made.
No. of
Shares.
Detailed Statement of Bank Stocks.
12
15
33
4
10
15
20
25
10
20
10
25
20
12
25
15
20
25
Par Value.
N’l B’k of Commerce, Boston,
Hamilton Nat’l Bank, Boston,
Blackstone N’l Bank, Boston,
Nat’l Revere Bank, Boston, .
National Eagle Bank, Boston,
N’l B’k of the Republic, Boston,
Nat’l Bank of the Commonwealth, Boston,
Monument N’l Bank, Boston,
Market Nat’l Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Boston National Bank, Boston,
North Nat’l Bank, Boston,
Winthrop Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Commercial N’l Bank, Boston,
Central National Bank, Lynn,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested-
$1,200
1,500
3,300
400
1,000
1,500
$1,533
1,800
3,300
424
1,030
2,400
00
00
00
00
00
00
$1,200
1,500
3,300
400
1,000
1,500
00
00
00
00
00
00
2,000
2,500
1,000
2,000
1,000
2,500
2,000
1,200
2,500
1,500
2,000
2,500
3,705
5,750
1,000
2,480
1,000
2,800
2,780
1,380
2,650
1,957
1,920
4,000
00
00
00
00
00
00
00
00
00
50
00
00
2,000
3,750
1,000
2,000
1,000
2,500
2,000
1,200
2,500
1,500
2,000
2,500
00
00
00
00
00
00
00
00
00
00
00
00
$31,600
$41,909 50
$32,850 00
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S
347
Detailed Statement of Railroad Bonds.
Par Value.
Boston & Albany R R. 6s,
Conn. & Pass. Rivers R.R 7s, .
Fitchburg R.R. 4s, .
Fitchburg R R. 4-|s, . . . .
Portland & Kennebec R.R. 6s,
$5,000
5.000
10,000
25,000
5.000
$50,000
Estimated
Market Value.
$5,300
5,175
9,600
25,250
5,250
Amount Invested.
$5,375
5.000
10,000
25,000
5.000
00
00
00
00
00
$50,575 00
00
00
00
00
00
$50,375 00
Total Amount of Loans with Each Specified Rate of Interest.
Amount.
$8,248 56
9,940 18
168,350 00
Kate.
Amount.
Kate.
Amount.
Bate.
2£ per cent.
3
5
“
$41,000 00
51,900 00
5| per cent.
5é
“
$390,250 00
10,000 00
6 per cent.
7
Amount invested in real estate for banking purposes...........................................
Estimated value of the s a m e , ..............................................................................
Assessed value of the s a m e , ........................................................................................
Number of loans which are o f an amount not exceeding $3,000 each, 277
$24,000 00
24.000 00
17.000 00
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 277
Gross amount of interest or profits received or earned, as per books, during
343,000 00
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the b y-la w s: first Saturday in May and
42,337 78
November.
Rate and amount o f each semi-annual dividend during the j 2 per cent., f
year ending Oct. 31, 1 8 9 1 ,........................................................... 1 2 per cent., 1
Rate and amount of any extra dividend paid during the year ending Oct.
31, 1 8 9 1 , ....................................................................................... 1 per cent.,
Number of accounts opened during the year ending Oct. 31, 1891,
. 553
Number of accounts closed during the year ending Oct. 31, 1891,
. 279
14,312 04
14,876 52
6,221 30
Total number of open accounts Oct. 31,1891,
.
.
.
.
2,867
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
2,870 53
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , ........................................................................................ 3,691
Amount of withdrawals, including dividends, during the year ending
222,564 00
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of same.............................................................................................. 2,174
Date of examination by commissioner : January 30.
182,544 03
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
348
Co m m o n w e a l t h
M id d l e s e x ,
ss .
of
[P u b . D o c .
M assach u setts.
N o v . 13, 1891.
Personally appeared Charles B. Buss, Treasurer of the Medford Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M i d d l e s e x , ss.
D a n ie l A . G l e a s o n , Justice o f the Peace.
N ov. 13, 1891.
Personally appeared Daniel W . Lawrence, President, and Rosewell B . Lawrence,
B . C. Leonard, J. G. Waite and C. M . Barrett, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief, and N . P. Hallowed, who made solemn affirmation thereto.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
D a n i e l A . G l e a so n , Justice o f the Peace.
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
349
M ED W AY SAVINGS BANK — M EDW AY.
Incorporated Feb. 20, 1871.
Present number of corporators, 37.
M il t o n M . F is h e r , President.
F r e d e r i c k L . F i s h e r , Treasurer.
F r e d e r i c k L . F i s h e r , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds:
M . M . F is h e r ,
S u m n e r R o b b ie s ,
A . M. B. F u lle r,
W
ales
S. G. C l a r k ,
W . H. Ca r y .
K im b a l l ,
Open for business every business day, 9
Balance
Sh e e t , O ctober
to 12
m .,
2 to 5
p .m .
31, 1891.
L ia b ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)............................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.
a .m .
$14,939
32,721
1,300
27,928
3,832
118,386
39,480
50
59
00
75
01
31
58
6,500
100
1,625
1,127
00
00
38
02
Deposits, .
Guaranty fund,
Interest account,
$247,941 14
$233,005 76
10,303 82
4,631 56
$247,941 14
Cash on Deposit in Banks, amount in each: —
Howard National Bank, B o s t o n , .............................................................................
Central National Bank, B o s t o n , ..............................................................................
$ 12 09
1,583 29
Loans on Bank Stock, amount on each: —
On 10 shares Appleton National Bank, Lowell........................................................ $1,000 00
On 5 shares Dedham National Bank, D e d h a m , ................................................
300 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[P u b . D o c
REPORT OF THE
350
Detailed Statement of Public Funds.
Par Value.
City of Boston, Mass., 4s,
of Cleveland, Ohio, 6s, .
of Detroit, Mich., 6s,
of Grand Rapids, Mich , 5s,
of Keene, N. H., 6s,
of Springfield, Ohio, 5s, .
of Fort Wayne, Ind., 6s, .
Town of Hyde Park, 111., 7s, .
$1,000
1,000
1,000
2,000
500
3,000
2,000
3,000
$13,500
Estimated
Market Value.
$1,018
1,055
1,235
2,183
527
3,225
2,230
3,250
33
00
00
00
50
00
00
00
$14,723 83
Amount Invested.
$1,110
1,065
1,205
2,152
530
3,357
2,281
3,238
00
00
00
00
00
50
25
75
$14,939 50
No. of
Shares.
Detailed Statement of Bank Stocks.
6
18
60
30
15
10
10
25
15
20
20
12
20
17
20
3
Par Value.
Atlas Nat1] Bank, Boston,
Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
First Ward N’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Manufacturers’ N’l B’k,Boston,
Mt. Vernon Nat’l Bank, Boston,
National Revere Bank, Boston,
Shawmut Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
Franklin N’l Bank, Franklin,
Holliston N’l Bank, Holliston,
So. Framingham Nat’l Bank,
South Framingham,* .
Wrentham N’l B’k, Wrentham,
* This hank is in process
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600
1,800
6,000
3,000
1,500
1,000
1,000
2,500
1,500
2,000
2,000
1,200
2,000
1,700
2,000
Estimated
Market Value.
Amount Invested.
$729
2,016
8,520
3,900
1,860
1,105
1,000
2,543
2,070
2,120
2,550
1,368
2,100
1,870
2,200
$720
2,534
6,000
3,075
1,905
1,100
1,030
2,542
1,623
2,543
2,395
1,350
2,000
1,972
2,000
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
25
00
00
00
00
00
50
75
56
53
00
00
00
00
20
210
20 00
240 00
20 00
210 00
$30,030
$36,211 75
$32,721 59
o f liquidation, and has paid 99 per cent, to stockholders.
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
351
Detailed Statement of Railroad Bonds.
Par Value.
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R R 4s,
Boston & Maine R R. 7s,
Concord & Montreal R R. 4s, .
Fitchburg R R 6s,
Leeds & Farmington R.R 6s, .
Lowell & Lawrence RR. 6s, .
Maine Central R R 6s,
Nashua & Lowell R.R. 6s,
Newport & Richford R.R. 5s, .
Old Colony R R. 6s,.
Portland & Kennebec R R 6s,
Portland and Ogdensburg R.R. 6s, .
Salem & Lowell R R 6s,.
Vermont and Massachusetts R.R. 5s,
$2,233
3,050
2,650
2,053
2,130
2,160
1,090
2,250
1,045
2,133
2,190
1,050
2,280
552
1,055
$2,000
3,000
2,500
2,000
2,000
2,000
1,000
2,000
1,000
2,000
2,000
1,000
2,000
500
1,000
$26,000
*
Estimated
Market Value.
Amount Invested.
$2,185
3,036
2,673
2,059
2,150
2,105
1,071
2,250
1,030
2,200
2,150
1,066
2,305
540
1,107
00
00
00
33
00
00
00
00
00
00
00
00
00
50
00
$27,921 83
00
00
75
00
00
00
00
00
00
00*
00
00
00
50
50
$27,928 75
A legal investment when made.
Total Amount of Loans with Each Specified Rate o f Interest.
Amount.
$1,583 29
42 09
Hate.
2 per cent.
2i
“
Amount.
$2,500 00
34,305 85
Eate.
4 per cent.
5
“
Rate.
Amount.
$2,000 00
126,961 04
per cent.
6
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the same.............................................................................................
Net income received from same during year ending Oct. 31,1891,
Number of loans which are of an amount not exceeding S3,000 each,
236
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 157
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 8 9 1 , .....................................................................
Times for the dividends fixed by the by-law s: June 1 and December 1.
Rate and amount of each semi-annual dividend during the l 2 per cent., r
year ending Oct. 31, 1 8 9 1 , ........................................................... ) 2 per cent., 1
Number o f accounts opened during the year ending Oct. 31, 1891,
120
Number of accounts closed during the year ending Oct. 31, 1891,
105
Total number o f open accounts Oct. 31, 1891,
.
.
.
.
1,033
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive of t a x e s ) , ............................................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S3,832 01
4,425 00
103 18
145,966 89
13,372 10
4,361 74
4,466 24
847 22
352
REPORT OF THE
[P u b . D o c .
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891..............................................................................................................
Number o f same..........................................................................................................
Amount o f withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 1 , ......................................................................................................................
93
145,809 35
Number of s a m e , ........................................................................................ 1,142
Date o f examination by commissioner : January 20.
C o m m o n w e a l t h of M a ss a c h u s e t t s .
N o r f o l k , ss.
N ov . 17, 1891.
Personally appeared Frederick L. Fisher, Treasurer of the Medway Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
N orfolk,
ss.
H e n r y E . M a so n , Justice o f the Peace.
N ov . 20, 1891.
Personally appeared Milton M . Fisher, President, and E . C. W ilson, Archibald Park,
J. B . Hopkins, S. G. Clark and W illiam H . Cary, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl
edge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
H e n r y E . M a s o n , Justice o f the Peace.
N o . 8 .]
353
S A Y IN G S B A N K C O M M IS S IO N E R S .
MELROSE SAVINGS BANK — MELROSE.
Incorporated April 5, 1872.
D a n ie l R
u ssell,
Present number of corporators, 25.
President.
E . H . Goss, Treasurer.
J o h n L a r r a b e e , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
G eorge N e w h a l l ,
D a n i e l N o r to n ,
S e t h E . B e n so n .
Open for business every business day, 2 to 5
B alance
Sh e e t , O ctober
A ssets .
Public funds as per schedule,
Bank stock as per schedule,
Loan on bank stock, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Cash on hand, .
.
.
.
p .m .
; also Saturday, 7 to 8
p .m .
31,1891.
L ia b ilit ies .
$75,000
7,200
1,800
301,298
11,071
00
00
00
00
92
Deposits, .
Guaranty fund,
Interest account,
$440,433 80
6,891 33
18,182 64
58,000 00
9,100 54
2,037 31
$465,507 77
$465,507 77
Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, Boston,
Everett National Bank, Boston,
Maverick National Bank, Boston, .
$8,937 35
103 66
59 53
Loan on Bank Stock: —
On 10 shares Third National Bank, Boston, .
On 6 shares Winthrop National Bank, Boston,
On 5 shares Market National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
j
$1,800 00
[P u b . D o c .
REPORT OF THE
354
Detailed Statement of Public Funds.
Par Value.
City of Boston, Mass., 4s,
of Brockton, Mass , os,
Town of Clinton, Mass , 4s,
City of Columbus, Ohio, 4s,
of Dover, N. PI., 6s, .
of Portland, Me , 6s,.
of Portsmouth, N. H., 6s,.
Town of Melrose, Mass , 4 s , .
of Melrose, Mass , 7s, .
$7,000
8,000
6,000
5,000
3,000
5,000
1,000
39,000
1,000
$75,000
*
Estimated
Market Value.
$7,123
9,300
6,021
4,825
3,063
6,050
1,022
39,975
1,015
Amount Invested.
$7,000
8,000
6,000
5,000
3,000
5,000
1,000
39,000
1,000
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00*
00*
(T
00
$75,000 00
$78,394 00
Legal investments when made.
No. of
Shares.
Detailed Statement of Bank Stocks.
27
45
Par Value.
Everett Nat’l Bank, Bo-ton, .
Freeman’s Nat’l Bank, Boston,
Estimated
Market Value.
Amount Invested.
$2,700
4,500
$2,794 50
4,500 00
$2,700 00
4,500 00
$7,200
$7,294 50
$7,200 00
Total Amount of Loans with Each Specified Rate of Interest.
Rate.
Amount.
$9,100 54
10,000 00
2h per cent.
H
“
Amount.
$48,000 00
1,100 00
Rate.
Amount.
Rate.
4 per cent.
5
$313,069 92
6 per cent.
Number of loans which are of an amount not exceeding $3,000 each, 235
Aggregate amount of the same......................................................................................$270,589 92
Total number of loans upon real e s t a t e , ................................................ 228
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ......................................................................................
21,128 02
Times for the dividends fixed by the b y-la w s: January 1 and July 1.
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
6,911 34
year ending Oct. 31, 1 8 9 1 , ..........................................................J 2 per cent., t
Number of accounts opened during the year ending Oct. 31, 1891,
. 581
Number of accounts closed during the year ending Oct. 31, 1891,
. 304
Total number of open accounts Oct. 31, 1891.......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2,499
7,340 00
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive of t a x e s ) , ..........................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................... .........
.
.
Number o f same..............................................................................................3,764
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1891,
...................................................................................................................
355
$2,039 66
196,352 49
158,055 16
Number of s a m e , .......................................................................................2,241
Date of examination by commissioner : May 8.
Commonwealth
M iddlesex,
ss.
of
Massachusetts.
Nov. 12, 1891.
Personally appeared E . H . Goss, Treasurer of the Melrose Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
M iddlesex, ss.
John Larrabee, Justice o f the Peace.
Nov. 12, 1891.
Personally appeared Daniel Russell, President, and John Larrabee, Moses S. Page,
Geo. Newhall, Seth E . Benson and Samuel S. Bugbee, trustees o f said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Jeremiah L. Hanaford, Justice o f the Peace.
EEPOET OF THE
356
[P u b . D o c .
MERRIMAC SAVINGS BANK — MERRIMAC.
Incorporated April 19, 1871.
Present number of corporators, 47-
W illiam H. Haskell, President.
Daniel J. Poore, Treasurer.
0 . E . Little, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W illiam H. Haskell,
Otis W. Little,
John L. Merrill.
Open for business every business day, except Saturday, 8.30 a
m.
to 12 m ., 1.30 to 3 p.m . ;
Saturday, 8.30 a m . to 12 m .
B a la n c e Sh e e t , O ctober
L ia b il it ie s .
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loan on railroad stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
31, 1891.
$20,000
250
8,500
6,200
41,700
700
2,209
230,372
97,240
00
00
00
00
00
00
95
00
18
Deposits, .
Guaranty fund,
Profit and loss
count, .
$450,049 09
18,150 27
ac
2,622 79
3,650 00
59,000 00
1,000 02
$470,822 15
$470,822 15
Gash on Deposit in Banks, amount in each : —
Essex National Bank, H a v e r h ill,.............................................................................. $10,000 00
Second National Bank, H a v e r h i l l , .....................................................................
10,000
Amesbury National Bank, H a v e r h i ll,.....................................................................
10,000
Pemberton National Bank, Lawrence.........................................................................
20,000
First National Bank, M e r r i m a c ,...............................................................................
10,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
02
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
357
Loan on Public F unds: —
On $500 City of Ellsworth, M e . , .............................................................................. $250 00
Loans on Bank Stock, amount on each: —
On 5 shares Haverhill National Bank, H a v e r h i l l , ....................................................$400 00
On
On
On
On
On
18 shares First National Bank, Merrimac,
.
.
.
.
.
.
5 shares Merrimac National Bank, H a v e r h i l l , .......................................
10 shares First National Bank, Merrimac..........................................................
20 shares First National Bank, M e r r i m a c , .................................................
10 shares First National Bank, M e r r i m a c , .................................................
1,800 00
350
1,000
2,000
650
00
00
00
00
Loan on Railroad Stock: —
On 11 shares Boston & Maine R . R . , .................................................................... $700 00
Detailed Statement of Public Funds.
Town of Marlborough, Mass , 4s, .
City of Dayton, Ohio, 4s,
Par Value.
Estimated
Market Value.
Amount Invested.
$12,000
8,000
$12,217 20
7,900 00
$12,000 00
8,000 00
$20,000
$20,117 20
$20,000 00
No. of
Shares.
Detailed Statement of Bank Stocks.
72
8
10
First Nat’1 Bank, Merrimac, .
Powow River National Bank,
Amesbury, . . . .
Ocean N’l B’k, Newburyport,
Par Value.
Estimated
Market Value.
$7,200
$9,260 00
$7,200 00
800
500
1,160 00
650 00
800 00
500 00
$8,500
$11,070 00
$8,500 00
Amount Invested.
Detailed Statement of Railroad Bonds.
Par Value.
West Amesbury Branch R.R. 7s,
Fitchburg R.R. 4s, . .
Boston & Lowell R R. 4s,
Boston & Maine R.R. 7s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$11,700
15,000
5,000
10,000
$11,992
14,640
5,000
10,300
$41,700
$41,932 00
00
00
00
00
Amount Invested.
$11,700
15,000
5,000
10,000
00
00
00
00
$41,700 00
[P u b . D o c
EEPOET OF THE
358
Total Amount of Loans with Each Specifcd Rate of Interest.
Kate.
Amount.
Kate.
Amount.
Rate.
4 per cent.
“
$137,170 87
22,200 00
5 per cent.
5h
“
$218,141 31
7,250 00
6 per cent.
7
Amount.
'
$3,650 00
9,000 00
H
Value, by books, o f real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .................................................................... .........
.
Number of loans which are of an amount not exceeding $3,000 each, 184
$2,209 95
1,850 00
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 175
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
166,206 78
year ending Oct. 31, 1 8 9 1 , .......................................................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
24,057 37
and October.
Rate and amount o f each semi-annual dividend during the 12 per cent., f
year ending Oct. 31, 1 8 9 1 , ........................................................... J 2 per cent., (
Number of accounts opened during the year ending Oct. 31, 1891,
. 151
Number of accounts closed during the year ending Oct. 31, 1891,
. 114
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,409
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes), ...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.......................................................................................................
Number of s a m e , .................................................................................................. 789
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1891........................................................................................ .........
Number of s a m e , .................................................................................................. 659
Date of examination by commissioner: September 3.
Commonwealth
E ssex,
ss.
of
10,517 59
8,457 94
8,547 18
1,590 08
52,772 95
50,135 21
Massachusetts.
N ov . 20, 1891.
Personally appeared Daniel J. Poore, Treasurer of the Merrimac Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
E ssex,
ss.
Otis E. Little, Notary Public.
N ov. 20, 1891.
Personally appeared William H . Haskell,President, and O.
W . Little, Geo. E . Ricker,
J. A . Lancaster,
Geo. O.Goodwin, D . J. Poore and B. F . Sargent, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
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Federal Reserve Bank of St. Louis
Before me,
Otis E. Little, Notary Public.
N o . 8 .]
S A V IN G S B A N K C O M M IS S IO N E R S .
359
MERRIMACK RIVER SAVINGS BANK — LOWELL.
Incorporated Feb. 24, 1871.
Present number o f corporators, 28.
J. G. Peabody, President.
N . G. Lamson, Treasurer.
N . G. Lamson, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
F rancis Jewett,
J. G. Peabody,
R . G. Bartlett,
H. C. H owe,
C. F. Varnum,
C. E . A dams.
Open for business every business day, except Saturday, 9 a . m . to 12 m ., 2 to 4 p. m . ;
Saturday, 9 a .m . to 12 m ., 7 to 9 p .m .
B a l a n c e Sh e e t , O c t o b e r 31, 1891.
L iab ilities .
A ssets .
Bank stock as per schedule,
Loans on bank stock ,.
Railroad bonds as per schedule,
Loan on railroad bonds,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Cash on hand,
.
.
.
.
$59,771
3,000
30.000
25.000
612,670
371,500
19,435
1,160
Deposits, .
Guaranty fund,
Interest account,
50
00
00
00
22
00
79
22
$1,061,804 04
21,400 00
39,333 69
$1,122,537 73
$1,122,537 73
Cash on Deposit in B a n k : —
Wamesit National Bank, L o w e l l ,..........................................................
$19,435 79
Loans on Bank Stock, amount on each : —
On 20 shares Wamesit National Bank, Lowell,
On 13 shares W am esit National Bank, Lowell,
.
.
.
.
.
$ 2,000 00
1,000 00
Loan on Railroad B o n d s: —
On $30,000 Hereford R .R . (guaranteed by Maine Central R .R .),
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Federal Reserve Bank of St. Louis
* This illegal loan has since been paid.
$25,000 00*
[P u b . D o c
REPORT OF THE
360
No. of
Shares.
Detailed Statement of Bank Stocks.
40
10
25
50
20
23
20
9
34
20
40
9
3
5
64
15
45
10
102
Atlas National Bank, Boston,
Atlantic Nat’l Bank, Boston,
Blackstone Natl Bank, Boston,
Boston National Bank, Boston,
Eliot National Bank, Boston, .
Fourth Natl Bank, Boston,
Globe National Bank, Boston,
Hamilton Natl Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Natl Bank, Boston, .
Metropolitan N1 B’k, Boston,
North National Bank, Boston,
N’l B’k of No. America, Boston,
Old Boston N’l Bank, Boston,
N’l B’k of Redemption, Boston,
Suffolk National Bank,Boston,
Tremont Nat’l Bank, Boston, .
National Webster B’k, Boston,
Wamesit Nat’l B’k, Lowell, .
Par Value.
Estimated
Market Value.
$4,000
1,000
2,500
5,000
2,000
2,300
2,000
900
3,400
2,000
4,000
900
300
500
6,400
1,500
4,500
1,000
10,200
$4,860 00
1,415 00
2,500 00
5,600 00
2,440 00
2,852 00
2,000 00
1,080 00
4,21% 00
2,21(F00
3,600 00
1,251 00
370 00
590 00
8,128 00
1,590 00
•4,590 00
1,000 00
14,280 00
$54,400
$64,572 00
Amount Invested.
$4,000
1,000
2,500
5,000
2,405
2,300
2,000
900
3,400
2,000
4,000
900
300
500
7,461
1,500
4,500
1,000
14,105
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
$59,771 50
Detailed Statement of Railroad Bonds.
Par Value.
Lowell & Andover R.R. 6s,
Fitchburg R.R. 4^s, . . .
Nashua & Lowell R.R. 6s,
Boston & Lowell R.R. 7s,
.
Estimated
Market Value.
$10,000
15,000
3,000
2,000
$10,300
15,000
3,060
2,010
00
00
00
00
$30,000
$30,370 00
Amount Invested.
$10,000
15,000
3,000
2,000
00
00
00
00
$30,000 00
Total Amount of Loans with Each Specified Rate of Interest.
Kate.
Amount.
Rate.
Amount.
2 per cent.
4|
5
$96,000 00
208,835 00
54 per cent.
o£
$157,847 00
21,540 00
Amount.
$19,435 79
30,000 00
497,948 22
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Federal Reserve Bank of St. Louis
Rate.
6 per cent.
7
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
361
Number of loans which are of an amount not exceeding $3,000 each, 177
Aggregate amount of the same,
.
.
...........................................................$270,052 00
Total number of loans upon real e s t a t e , ................................................. 227
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : first Saturday in M ay and
November.
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ............................................................1 2 per cent., 1
53,085 59
18,023 57
19,173 57
Number of accounts opened during the year ending Oct. 31, 1891,
. 432
Number of accounts closed during the year ending Oct. 31, 1891,
. 256
Total number of open accounts Oct. 31, 1891....................................... 2,139
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive of taxes),
............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................
2,637 63
224,207 58
Number of s a m e , ........................................................................................1,934
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .....................................................................................................................
159,960 50
Number o f s a m e , ........................................................................................1,299
Date of examination by commissioner: March 26.
Com m onw ealth
M id d l e s e x ,
ss .
of
M assa ch u setts.
N ov . 13, 1891.
Personally appeared N . G. Lamson, Treasurer of the Merrimack River Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,
ss .
G. W infield K nowlton, Justice o f the Peace.
N ov . 20, 1891.
Personally appeared J. G. Peabody, President, and Julius C. Johnson, Alfred Barney,
Orrin B. Ranlett, Francis Jewett and Charles F. Varnum, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G. W infield K nowlton, Justice o f the Peace.
[P u b . D o c .
REPORT OF THE
362
MIDDLEBOROUGH SAVINGS BANK — MIDDLEBOROUGH.
Incorporated March 15, 1873.
Present number o f corporators, 34.
E verett R obinson, President.
A ndrew M . W ood, Treasurer.
A ndrew M . W ood, Clerk o f the Corporation.
Names o f committee charged with the investment of its funds:
E verett R obinson,
G eorge E. Doane,
James H. Harlow,
Calvin D. K ingman,
George Brayton.
Qpen for business every business day, 9 a . m. to 12 m ., 2 to 4 p. m. ; also Saturday,
7 to 8 p .m .
B a l a n c e S h e e t , O c t o b e r 3 1 , 189 1 .
L iab ilit ies .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
$21,000
12,800
43,000
14,571
441,990
93,752
00
00
00
00
05
81
Deposits, .
Guaranty fund,
Interest account,
$725,553 11
17,882 00
9,731 00
72,055 00
52,036 18
1,961 07
$753,166 11
$753,166 11
Cash on Deposit in Banks, amount in each: —
Winthrop National Bank, B o s t o n , .................................................................... $8,874 11
Middleborough National Bank, M iddleborough,.................................................
8,162 07
First National Bank, Merrimac.....................................................................................
15,000 00
First National Bank, New Bedford..............................................................................
10,000 00
Citizens’ National Bank, New B e d f o r d , ...........................................................
10,000 00
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Federal Reserve Bank of St. Louis
No. 8 .]
363
SA Y IN G S B A N K COM M ISSION ERS
Detailed Statement of Public Funds.
\
Par Value.
City of Boston, Mass ,4s,
of Dover, N. H., 4s,.
of Cleveland, Ohio, 5s,
.
Estimated
Market Value.
Amount Invested.
$6,000
5,000
10,000
$6,1'90 00
5,050 00
10,000 00
$6,000 00
5,000 00
10,000 00
$21,000
$21,140 00
$21,000 00
No. of
Shares.
Detailed Statement of Bank Stocks.
50
22
21
30
5
Par Value.
Nat’l Webster Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Suffolk National Bank, Boston,
National Bank of Commerce,
New Bedford,
Middleborough National Bank,
Middleborough, .
Estimated
Market Value.
Amount Invested.
$5,000
2,200
2,100
$5,000 00
2,244 00
2,226 00
$5,000 00
2,200 00
2,100 00
3,000
2,730 00
3,000 00
500
500 00
500 00
$12,800
$12,700 00
$12,800 00
Detailed Statement of Railroad Bonds.
Par Value.
Old Colony R.R. 6s,.
Old Colony R R. 7s,.
Old Colony R.R 4s..........................
Boston & Lowell R.R 4s,
Fitchburg R.R. 5s, .
$7,000
1,000
10,000
20,000
5,000
$43,000
Estimated
Market Value.
$7,560
1,055
10,300
20,000
5,438
00
00
00
00
00
$44,353 00
Amount Invested.
$7,000
1,000
10,000
20,000
5,000
00
00
00
00
00
$43,000 00
Total Amount of Loans with Each Specified Rate of Interest.
Amount.
$8,162 07
8,874 11
20,000 00
Bate.
2J per cent.
3
31
“
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Federal Reserve Bank of St. Louis
Amount.
$43,500 00
21,555 00
21,500 00
Eate.J
Amount.
4 per cent.
41
“
4è
“
$17,770 00
27,450 00
491,022 86
Kate.
5 per cent.
5k
6
“
“
364
E E P O E T O F TH E
[Pub. D oc.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed valué of the s a m e , .......................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 475
Aggregate amount o f the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 447
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-law s: first Monday in April and
October.
Rate and amount of each semi-annual dividend during the l 2 per cent., f
year ending Oct. 31, 1891,
.
.
.
.
.
.
.
. J 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 371
Number of accounts closed during the year ending Oct. 31, 1891,
. 279
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,484
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive o f taxes)....................................................................................................................
Amount of deposits, not including dividends, received during the year end
ing Oct. 31, 1 8 9 1 ,..........................................................................................................
Number of s a m e , ..................................................................................................1,813
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1891......................................................................................................................
Number o f s a m e , ................................................................................................. 1,457
Date of examination by commissioner: July 7.
$14,571 00
15,155 00
410,542 86
40,251 33
13,233 75
13,645 60
1,779 30
139,413 57
131,296 44
C o m m o n w e a l t h or M a s sa c h u s e t t s .
P l y m o u t h , ss.
Nov. 9, 1891.
Personally appeared Andrew M . W ood, Treasurer of the Middleborough Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
P l y m o u t h , ss.
C h a r l e s T . T h a t c h e r , Justice o f the Peace.
N ov. 9, 1891.
Personally appeared Everett Robinson, President, and John Shaw, Sprague S. Stet
son, Calvin D . Kingman, George Brayton and George L. Soule, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C h a r l e s T . T h a t c h e r , Justice o f the Peace.
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS
365
MIDDLESEX INSTITUTION FOR SAVINGS — CONCORD.
Incorporated March 4, 1835.
Present number of corporators, 19.
S a m u e l H o a r , President.
G e o r g e H e y w o o d , Treasurer.
H e r b e r t W . H o s m e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Sa m u e l H o a r ,
J o h n S. K e y e s ,
Ch ar les H . W alcott,
L o r e n zo E a t o n .
Open for business every business day, 9
B alance
Sh e e t , O c to b e r
A ssets .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stocks/ .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, not on interest,
Expense account,
a .m .
to 2
p .m .
31, 1891.
L ia b ilit ie s .
$274,800
29,100
87.000
10.000
6,500
346,525
403,605
00
00
00
00
00
00
07
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,180,994 44
46,500 00
31,969 21
4,859 83
77,900 00
27,866 91
1,026 50
$1,264,323 48
$1,264,323 48
Cash on Deposit in Bank : —
Concord National Bank, Concord,
$27,866 91
Loans on Bank Stock, amount on each : —
On 10 shares Miller’s River National Bank, Athol,
On 10 shares Fourth National Bank, Boston,
On 308 shares Traders’ National Bank, Boston, .
$900 00
1,200 00*
27,000 00*
Loan on Railroad Stock: —
On 73 shares Boston & Maine R . R . , .................................................................... $10,000 00*
* Treasurer notified that these loans were in excess of the limit fixed by statute, and should
be reduced, or additional collateral furnished.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. D oc
R E P O R T O F TH E
366
No. of
Shares.
Detailed Statement of Bank Stocks.
'
Blackstone N’l Bank, Boston,
Boston jStat’l Bank, Boston,
Central Nat’l Bank, Boston, .
National City Bank, Boston, .
Columbian N’l Bank, Boston,
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank. Boston, .
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
N’l B’k of N. America, Boston,
Old Boston N’l Bank, Boston,
National Revere Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k,Boston,
State National Bank, Boston, .
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
Concord Nat’l Bank, Concord,
First N’l Bank, Marlborough,
Framingham National Bank,
Framingham,
9 Old Lowell N’l Bank, Lowell,
106
133
50
100
67
113
27
150
167
100
28
21
72
200
50
56
150
100
6
225
45
100
100
138
15
50
100
150
100
15
5
Par Value.
$10,600
13,300
5,000
10,000
6,700
11,300
2,700
15,000
16,700
10,000
2,800
2,100
7,200
20,000
5,000
5,600
15,000
10,000
600
22,500
4,500
10,000
10,000
13,800
1,500
5,000
10,000
15,000
10,000
1,500
500
900
Estimated
Market Value.
$10,600
14,896
7,112
9,600
7,185
14,435
3,523
15,450
20,374
14,212
6,727
2,520
8,928
22,100
5,487
5,600
22,425
12,350
709
23,906
8,336
12,600
9,300
16,801
1,599
5,000
10,225
15,000
15,000
1,500
00
00
50
00
75
75
50
00
00
50
00
00
00
00
50
00
00
00
50
25
25
00
00
50
38
00
00
00
00
00
700 00
1,125 00
Amount Invested.
$10,600
13,300
5,000
10,000
6,700
11,300
2,700
15,000
16,700
10,000
2,800
2,100
7,200
20,000
5,000
5,600
15,000
10,000
600
22,500
4,500
10,000
10.000
13,800
1,500
5,000
10,000
15,000
10,000
1,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
500 00
900 00
$274,800 $325,330 38 $274,800 00
Detailed Statement of Railroad Bonds.
Par Value.
Fitchburg R.R 4^s, .
Fitchburg R R. 5s, .
Eastern R.R 6s,
.
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Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
Estimated.
Market Value.
Amount Invested.
$20,000
25.000
42.000
$20,400 00
26,750 00
51,240 00
$20,000 00
25.000 00
42.000 00
$87,000
$98,390 00
$87,000 00
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
367
Total Amount of Loans with Each Specified Rate of Interest.
Amount.
$20,251 25
25.000 00
183,700 00
Rate.
Amount.
Rate.
4 per cent.
Al
“
5
“
$55,653 82
312,050 00
263,225 00
5| per cent.
5h
“
6
“
Amount.
Rate.
$5,800 00
1,450 00
6 i per cent.
7
Value, by books, o f real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .......................................................................................
$6,500 00
5,800 00
Number of loans which are o f an amount not exceeding $3,000 each, 148
Aggregate amount of the s a m e , ..............................................................................
206,076 25
Total number of loans upon real e s t a t e , ................................................ 144
Amount of investments from which no income is received, .
.
.
.
2,500 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws :
December.
Rate and amount of each semi-annual dividend during the i 2 per cent., c
year ending Oct 31, 1 8 9 1 ,.......................................................... j 2 per cent., j
Rate and amount of extra dividend paid during the year, 2 per cent,
Number of accounts opened during the year ending Oct. 31, 1891,
423
Number of accounts closed during the year ending Oct. 31, 1891,
. 334
Total number of open accounts Oct. 31, 1891........................................3,716
Total expenses o f the corporation for the year ending Oct. 31, 1891 (ex
clusive of taxes).............................................................................................................
Amount of deposits, not including dividends, received during the year end
ing Oct. 31, 1 8 9 1 ,...........................................................................................................
Number of s a m e , ........................................................................................2,235
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .....................................................................................................................
Number of s a m e , .............................................................................. .........
Date of examination by commissioner: March 19.
Co m m o n w ea lth
M id d l e s e x ,
ss .
of
64,798 74
first Tuesday in June and
21,675 86
21,994 56
19,532 48
3,967 34
164,252 98
182,366 28
1,876
M a s sa c h u s e t t s .
N ov . 19, 1891.
Personally appeared George Heywood, Treasurer of the Middlesex Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true
and correct statement of all the resources and liabilities of said institution, and that
the answers made by him to the foregoing interrogatories contain the whole truth
in reference to the matters to which they relate, according to his best knowledge and
belief.
Before me,
C h a r l e s E . B r o w n , Justice o f the Peace.
M id d l e s e x ,
ss .
N ov . 19, 1891.
Personally appeared Samuel Hoar, President, and Henry J. Hosmer, George M .
Brooks, Lorenzo Eaton, Nathan B. Stow and Edward C. Damon, trustees of said corpora
tion, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C h a r l e s E . B r o w n , Justice o f the Peace.
[Pub. D oc
K EPO K T O F TH E
368
MILFORD SAVINGS B A N K — MILFORD.
Incorporated April 24, 1851.
Present number o f corporators, 43.
John P. Daniels, President.
James E . W alker, Treasurer.
James E . W alker, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Charles
F.
Claflin,
A mariah
John P. Daniels.
A.
Taft,
Open for business every business day, except Saturday, 9 a .m . to 12 m ., 1.30 to 3.30 p .m . ;
Saturday, 9 a .m . to 12 m .
Balance
Sh e e t , O ctober
31, 1891.
L ia b ilit ie s .
A ssets .
$193,500
169,878
34,880
124,000
2,000
25.000
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loan on railroad bonds,
Railroad notes, .
.
.
.
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
00
99
00
00
00
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$1,500,339 53
37,102 11
16,436 94
25.000 00
488,132 00
408,700 00
31,500
135
41,119
10,033
00
00
38
21
$1,553,878 58
$1,553,878 58
Cash on Deposit in Banks, amount in each : —
$1,119 38
50,033 21
National Bank o f Redemption, Boston,
Milford National Bank, Milford, .
Loans on Bank Stock, amount on each: —
On
On
On
On
On
20 shares Home National Bank, Milford,
200 shares First National Bank, Chelsea,
33 shares Milford National Bank, Milford,
15 shares Central National Bank, Boston,
10 shares National Market Bank, Brighton,
On
On
On
On
On
On
6 shares Milford National Bank, Milford,
2 shares Milford National Bank, Milford,
5 shares Milford National Bank, Milford,
5 shares Home National Bank, Milford, .
100 shares Milford National Bank, Milford,
10 shares Home National Bank, Milford,
$1,600 00
20,000 00
}
5,700 00
400
180
500
500
5.000
00
00
00
00
00
1.000 00
Loan on Railroad bonds: —
On $5,000 Fitchburg R .R . 5s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
$ 2,000 00
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
369
Detailed Statement of Public Funds.
Par Value.
City of Boston, Mass., 4s,
of Cleveland, Ohio, 4s, .
of Dayton, Ohio, 4s,
Town of Framingham, 4s,
of Maynard, Mass ,4 s,.
of Milford, Mass , 5s, .
of Milford, Mass., 6s, .
City of Portland, Me., 6s,
of Providence, R. 1 , 5s, .
Town of Weymouth, Mass., 4s,
United States 4s,
. . .
$25,000
14,000
15,000
20,000
20,000
36,000
10,000
2,000
25,000
10,000
16,500
Estimated
Market Value.
$26,000
13,860
15,000
20,800
21,000
87,260
11,100
2,520
28,025
10,500
19,305
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$25,000
14,000
15,000
20,000
20,000
36,000
10,000
2,000
25,000
10,000
16,500
00
00
00
00
00
00
00
00*
00
00
00
$193,500 $205,370 00 $193,500 00
* A legal investment when made.
No. of
Shares.
Detailed Statement of Bank Stocks.
258 Milford Nat’l Bank, Milford, .
75 Home Nat’l Bank, Milford,
27 Hopkinton N’l B’k, Hopkinton,
100 Home Nat’l Bank, Brockton, .
150 Central Nat’l Bank, Boston, .
30 National Revere Bank, Boston,
23 Blackstone N’l Bank, Boston,.
42 Howard Nat’l Bank, Boston, .
7 Nat’l Webster Bank, Boston, .
100 National Hide & Leather Bank,
Boston, .
.
.
.
.
48 Eliot National Bank, Boston, .
100 Shawmut Natl Bank, Boston,.
40 Freeman's Nat’l Bank, Boston,
47 National Union Bank, Boston,
25 Continental N’l Bank, Boston,
110 N’l B’k of Redemption, Boston,
2 Shoe & Leather N’l B’k, Boston,
7 Boylston Nat’l Bank, Boston,
78 North National Bank, Boston,
25 Nat’l Exchange Bank, Boston,
10 Atlantic Natl Bank, Boston, .
50 Atlas National Bank, Boston, .
40 Washington N’l Bank, Boston,
5 Eagle National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
$25,800
7,500
2,700
10,000
15,000
3,000
2,300
4,200
700
$36,120
10,500
2,700
13,500
21,300
3,180
2,300
4,620
700
00
00
00
00
00
00
00
00
00
$27,500
7,500
2,700
10,000
22,000
3,000
2,300
4,496
700
00
00
00
00
00
00
00
00
00
10,000
4,800
10,000
4,000
4,700
2,500
11,000
200
700
7,800
2,500
1,000
5,000
4,000
500
12,400
5,856
12,600
4,000
6,580
3,250
13,970
186
903
10,842
3,400
1,410
6,050
4,760
515
00
00
00
00
00
00
00
00
0000
00
00
00
00
00
10,659
5,682
12,057
5,360
7,496
2,955
15,655
274
1,070
10,766
3,581
1,530
6,500
5,505
588
50
99
50
00
50
25
00
50
12
63
25
00
00
00
75
$139,900 $181,642 00 $169,878 99
REPORT OF
370
[Pub. D oc.
TH E
Detailed Statement of Railroad Bonds.
Par Value.
Boston & Albany RE, 5s,
Boston & Albany R R. 6s,
Boston & Albany R.R. 7s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 7s, .
Fitchburg R.R. 4s, .
Fitchburg R R. 5s, .
Old Colony R.R 6s,.
Old Colony R R. 7s, .
Portland & Ogdensburg R.R. 6s,
$25,000
7,000
3,000
10,000
12,000
15,000
15,000
2,000
20,000
15,000
Estimated
Market Value.
$27,250
7,630
3,060
10,300
12,700
14,700
16,500
2,200
21,200
17,550
Amount Invested.
00
00
00
00
00
00
00
00
00
00
$25,000
7,000
3,000
10,000
12,000
15,000
15,000
2,000
20,000
15,000
00
00
00
00
00
00
00
00
00
00
$124,000 $133,090 00 $124,000 00
Total Amount of Loans with Each Specified Rate of Interest.
Rate.
Amount.
$41,119
26.500
50,000
93.500
38
00
00
00
3 per cent.
4^
4£
“
“
Amount.
$30,700
412,692
50,000
119,750
00
00
00
00
Rate.
Amount.
4| per cent.
5
“
5i
“
H
“
$199,875 00
2,150 00
5,180 00
Rate.
6 per cent.
64
“
7
Amount invested in real estate for banking purposes,........................................$25,000 00
Estimated value of the sa m e ,..............................................................................•
25,000 00
...............................................................................
24,000 00
Assessed value of the same, .
Net income received from same during year ending Oct. 31, 1891,
.
.
1,298 08
Number of loans which are of an amount not exceeding $3,000 each, 291
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................ 246
Amount of investments from which no income is received, .
.
.
.
262,097 00
1,000 00
Gross amount of interest or profits received or earned, as per books, during .
year ending Oct. 31, 1 8 9 1 , .......................................................................................
76,852 89
Times for the dividends fixed by the b y-la w s: second Saturday in April
and October.
Rate and amount of each semi-annual dividend during the i 2 per cent., r
27,899 23
year ending Oct. 31, 1 8 9 1 , ...........................................................j
2 per cent., {
28*350 04
Number of accounts opened during the year ending Oct. 31, 1891,
. 778
Number of accounts closed during the year ending Oct. 31, 1891,
. 598
Total number of open accounts Oct. 31, 1891,
.
.
.
.
4,934
Total expenses o f the corporation for the year ending Oct. 31, 1891 (exclu
sive of taxes)...................................................................................................................
3,108 27
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ................................................................................................
314,094 18
Number of same,
.......................................................................................4,606
Amount o f withdrawals, including dividends, during the year ending Oct.
3 1 ,1 8 9 1 ,.
.
.,
.......................................................................................
319,007 66
Number o f s a m e , .......................................................................................3,583
Date of examination by commissioner: January 9.
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Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
371
C o m m o n w e alth of M assach u setts.
W o r c e s te r , ss.
Nov. 16, 1891.
Personally appeared James E . W alker, Treasurer of the Milford Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according’ to his best knowledge and belief.
Before me,
W o r c este r , ss.
L loyd H . Cook,
Justice o f the Peace.
N ov. 16, 1891.
Personally appeared John P. Daniels, President, and C. F . Claflin, Amariah A . Taft,
Ethan C. Claflin, Augustus Wheeler and Jesse A . Taft, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
L l o y d H . C o o k , Justice o f the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
372
R E P O R T O F TH E
[Pub. D oc.
MILLBURY SAVINGS BANK — MILLBURY.
Incorporated April 8, 1854.
L e y i L . W h it n e y ,
Present number of corporators, 46.
President.
D a v id A t w o o d ,
A mos A r m s b y ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
L e v i L. W h i t n e y ,
C h a r l e s D. M o r s e ,
Ira N. Goddard,
R oyal T h ayer,
D a v id T . M a r c h .
Open for business every business day, except Saturday, 9
9 a . m . to 12 M.
B a l a n c e Sh e e t , O c t o b e k
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate (for banking purposes)..............................................
Real estate by foreclosure,
Loans on reai estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,.......................................
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.
a .m
. to 3
p .m . ;
Saturday,
31, 1891.
L ia b ilit ie s .
$51,000
142,100
20,000
81,000
00
00
00
00
18,000
6,332
246,730
215,050
00
13
00
00
37,500
1,050
24,978
521
421
00
00
99
86
79
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rents,
$799,839 40
23,300 00
17,550 68
3,898 87
95 82
$844,684 77
$844,684 77
Cash on Deposit in Bank : —
Millbury National Bank, M i l l b u r y , .....................................................................$24,978 99
Loans on Bank Stock, amount on each: —
On
On
On
On
On
On
50 shares Millbury National Bank, Millbury,
60 shares City National Bank, Worcester,
60 shares Spencer National Bank, Spencer, .
25 shares Leicester National Bank, Leicester,.
20 shares Lincoln National Bank, Boston,
4 shares City National Bank, Worcester,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,000 00
6,000 00
1
!I
J
10,000 00
No. 8 .]
SA V IN G S B A N K COM M ISSION ERS
373
Detailed Statement of Public Funds.
Far Value.
Town of Westborough, Mass., os, .
of Hopkinton, Mass., 4s,
of Clinton, Mass , 4 s , .
City of Columbus, Ohio, 4s, .
Town of Spencer, Mass , 4s, .
of South Norwalk, Conn., 6s,
City of Lawrence, Mass , 6s, .
Estimated
Market Value.
$3,000
6,000
4,000
10,000
15,000
10,000
3,000
$51,000
$3,468
6,030
4,040
9,653
15,000
10,596
3,160
00
00
00
00
00
00
00
$51,947 00
Amount Invested.
$3,000
6,000
4,000
10,000
15,000
10,000
3,000
00
00
00
00*
00
00
00
$51,000 00
* A legal investment when made.
Ko. of
Shares.
Detailed Statement of Bank Stocks.
50
63
49
20
100
50
42
25
25
23
57
15
100
12
50
40
3
35
25
74
25
20
50
68
15
36
27
5
50
Par Value.
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Continental N’l Bank. Boston,
Eliot National Bank, Boston, .
First Ward Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B'k of No America, Boston,
National Bank of the Commonwealth, Boston,
National Engle Bank, Boston,
N’l Hide & Leather B’k, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
South End Nat’l Bank, Boston,
Suffolk National Bank, Boston,
state National Bank, Boston, .
Third National Bank, Boston,
Winthrop Nat’l Bank, Boston,
Centi’al N’l Bank, Worcester,
City Nat’l Bank, Worcester, .
Citizens’ N’l Bank, Worcester,
Quinsigamond National Bank,
Worcester, . . . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
6,300
4,900
Estimated
Market Value.
Amount Invested.
$6,075 0 0
6,315 75
5,512 50
2,585 0 0
$5,000 00
6,300 00
4,900 00
1 0 ,0 0 0
1 2 ,2 0 0
1 0 ,0 0 0 0 0
5,000
4,200
2,500
2,500
2,300
5,700
1,500
6,550
4,210
3,000
2,543
3,452
7,303
1,901
1 0 ,0 0 0
18,525
1,244
2 ,0 0 0
1 ,2 0 0
5,000
4,000
300
3,500
2,500
7,400
2,500
00
00
50
00
75
87
13
25
00
00
6 ,2 0 0 0 0
5,000
6,800
1,500
3,600
2,700
500
5,565
360
6,492
3,150
6,882
2,506
2,090
6,293
7,276
1,710
5,400
3.861
650
5,000
6,250 00
2 ,0 0 0
00
00
00
00
00
25
00
55
00
00
00
00
00
2 ,0 0 0 0 0
5,000
4,200
2,500
2,500
2,300
5,700
1,500
00
00
00
00
00
00
00
1 0 ,0 0 0 0 0
1 ,2 0 0 0 0
5,000
4,000
300
3,500
2,500
7,400
2,500
00
00
00
00
00
00
00
2 ,0 0 0 0 0
5,000
6,800
1,500
3,600
2,700
500
00
00
00
00
00
00
5,000 00
374
R E P O R T O F TH E
[Pub. D oc
No. of
Shares.
Detailed Statement of Bank Stocks — Concluded.
9
40
25
3
168
5
17
Par Value.
Worcester N’l B’k, Worcester,
Grafton Nat’l Bank, Grafton, .
Oxford Xat' 1 Bank, Oxford, .
Leicester N’l Bank, Leicester,
Millbury N’l Bank, Millbury,
Second N’l B’k, Norwich, C t,
Mechanics’ N’l B’k, Worcester,
$900
4,000
2,500
300
16,800
500
1,700
Estimated
Market Value.
$1,350
4,960
3,125
450
16,800
750
1,836
Amount Invested.
00
00
00
00
00
00
00
$900
4,000
2,500
300
16,800
• 500
1,700
00
00
00
00
00
00
00
$142,100 $175,375 55 $142,100 00
Detailed Statement of Railroad Bonds.
Par Value.
Providence & Worcester R.R. 6s, .
Vermont & Massachusetts R.R. 5s,.
Nashua & Rochester R R. 4s, .
Boston & Lowell R.R. 7s,
Boston & Albany R.R 6s,
Conn. & Passumpsic Rivers R.R. 7s,
Boston & Maine R.R. 7s, .
Fitchburg R R 44s, . . . .
Boston, Barre & Gardner R.R. 5s, .
Estimated
Market Value.
$20,000
10,000
4.000
10,000
6.000
12,000
5.000
10,000
4.000
$22,116
10,850
4,094
10,125
6,420
12,360
5,150
10,112
4,058
$81,000
$85,285 00
Amount Invested.
00
00
00
00
00
00
00
00
00
$20,000
10,000
4.000
10,000
6.000
12,000
5.000
10,000
4.000
00
00
00
00
00
00
00
00
00
$81,000 00
Total Amount of Loans with Each Specified Rate of Interest.
Amount.
$4,978
20,000
20,000
2,200
Kate.
99
00
00
00
2 per cent.
3
4
“
4i
“
Amount.
$2,800 00
131,550 00
40,700 00
Rate.
Amount.
4J per cent.
5
54
“
$55,000 00
65,000 00
203,080 00
Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the s a m e ,.......................................................................................
Assessed value o f the same, ........................................................................................
Net income received from same during year ending Oct. 31, 1891,
.
.
Value, by books, o f other real estate held or owned by foreclosure or
o t h e r w i s e ,.....................................................................................................................
Assessed value of the s a m e ,........................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
54 per cent.
S*
“
$18,000 00
18,000 00
11,600 00
782 82
6,332 13
14,945 00
No. 8 .]
S A Y IN G S B A N K CO M M ISSION ERS.
375
$586 77
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, . 183
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 191
Gross amount of interest or profits received or earned, as per books, dur
169,205 00
ing year ending Oct. 31, 1891.....................................................................................
Times for the dividends fixed by the b y-law s: second Monday in January
44,382 58
and July.
Rate and amount o f each semi-annual dividend during the j 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ...........................................................i 2 per cent., 1
Number of accounts opened duringthe year ending Oct.31, 1891,
. 263
Number of accounts closed during the year ending Oct. 31, 1891,
. 192
15,075 40
15,213 97
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,919
Total expenses of the corporation for the year ending Oct. 31, 1891
(exclusive of taxes), ..................................................................................................
Am ount o f deposits, not including dividends, received during the year
2,015 22
ending Oct. 31, 1891........................................................................................................
Number of the s a m e , .................................................................... 1,324
Amount of withdrawals, including dividends, during the year ending
109,610 01
Oct. 31, 1891,............................................................................................................
Number o f same....................................................................................1,050
Date of examination by commissioner: January 30.
118,113 34
C o m m o n w e a l t h of M a ssa c h u se tt s.
W o h c e s t e k , ss.
N ov. 5, 1891.
Personally appeared David Atwood, Treasurer o f the Millburv Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement of ay the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
T h o m a s L. B r o w n ,
Justice o f the Peace.
Nov. 5, 1891.
W o r c este r , ss.
Personally appeared Levi L . Whitney, President, and C. D . Morse, Ira N . Goddard,
Royal Thayer, Amos Armsby and Thomas A . Winter, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl
edge and belief.
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Federal Reserve Bank of St. Louis
Before me,
T h o m a s L. B r o w n ,
Justice o f the Peace.
376
[Pub. Doc
R E P O R T O F TH E
MINERS’ SAVINGS BANK — W EST STOCKBRIDGE.
Incorporated Feb. 28, 1872.
W il l ia m M . K n if f in ,
Present number of corporators, 31.
President.
W i l l i a m C. S p a u l d i n g ,
W i l l i a m C. S p a u l d i n g ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
C h a s. W . K n if f in ,
Ch as. H . F u arey,
T h e o . S. H e a t h ,
H u b b a r d F. T h o m p s o n ,
W il l ia m
C. Sp a u l d in g .
Open for b u s in e s s Monday and Friday, 9
a .m
B a la n c e Sh e e t , O ctober
A ssets .
. to 12 m ., 1 to 3 p .m .
31,1891.
L ia b il it ie s .
Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposit in bank, not on interest,
Suspense account,
$13,053
11,595
33,575
47,395
10,639
150
1,598
14
00
50
00
00
62
00
78
44
Deposits, .
Guaranty fund,
Interest account,
Profit and loss
count,
$112,243 85
2,660 48
439 44
ac
2,677 57
$118,021 34
$118,021 34
Cash on Deposit in Bank : —
Housatonic National Bank, S t o c k b r i d g e ,...........................................................$1,598 78
Detailed Statement of Public Funds.
Par Value.
City of Providence, R I., 5s, .
of Bay City, Mich., 5s, .
Town of Rockingham, Vt., 4s,
,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested-
$6,000
3.000
3.000
$6,660 00
3,078 00
3,000 00
$6,975 00
3,078 00
3,000 00
$12,000
$12,738 00
$13,053 00
No. 8 .]
SA Y IN G S B A N K
37T
COM M ISSION ERS
No. of
Shares.
Detailed Statement of Bank Stocks.
Par Value.
Estimated
Market Value.
Amount Invested.
10
National Mahaiwe Bank, Great
Barrington, . . . .
20 City National Bank, Holyoke,
5 Lee National Bank, Lee,.
15 Berkshire NT B’k,No Adams,
13 Pittsfield Nat’l Bank,Pittsfield,
4 Agawam NT B’k, Springfield,
5 First Nat’l Bank, Springfield,
14 Housatonic National Bank,
Stockbridge,
$1,000
2,000
500
1,500
1,300
400
500
$1,457
2,240
700
1,575
2,080
480
750
$1,457
2,240
700
1,840
2,028
480
750
50
00
00
00
00
00
00
50
00'
OO
OO
00
00
OO
1,400
2,450 00
2,100 00
$8,600
$11,732 50
$11,595 50
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R R. 7s,
Boston & Lowell R R. 4s,
Boston & Maine R.R. 7s, .
Fitchburtr R.R 4s, .
Old Colony R.R 7s,.
N. Y. & N. E. R.R. (terminal) 4s, .
Vermont & Massachusetts R R. 5s, .
$4,000
2,000
3,000
3,000
2,000
10,000
6,000
$30,000
Estimated
Market Value.
$4,080
2,040
3,200
2,970
2,100
11,175
6,500
Amount Invested'
$4,720
2,050
3,450
2,970
2,490
11,175
6,720
00
00
00
00
00
00
00
00
00
OO
00
OO
OO
00
$33,575 00
$32,065 00
Total Amount of Loans with Each Specified Bate of Interest.
Amount.
$39,620 00
Kate.
5 per cent.
Amount.
$3,100 00
Kate.
Amount.
Kate.
5^ per cent.
$15,464 62
6 per cent.
Number of loans which are of an amount not exceeding $3,000 each, .
Aggregate amount o f the s a m e , ....................................... .........
66
$39,684 62"
Total number of loans upon real estate,..........................................................44
Amount of investments from which no income is recei ved, .
.
.
.
1,840 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
4,430 IS
Times for the dividends fixed by the by-laws : first Wednesday in January
and July.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
378
R E P O R T O F TH E
[Pub. D oc.
Rate and amount of eachsemi-annual dividend during the ) 2 per cent., f
year ending Oct. 31, 1 8 9 1 , ................................................. . 1 2
per cent., I
Number of accounts opened during the year ending Oct. 31, 1891,
54
Number of accounts closed during the year ending Oct. 31, 1891,
35
Total number of open accounts Oct. 31, 1891,
.
.
.
.
. 361
Total expenses o f the corporation for the year ending Oct. 31, 1891 (ex
clusive o f t a x e s ),...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891........................................................................................................
Number of same....................................................................................................... 307
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891................................................................................................................................
Number of s a m e , ................................................................................................. 248
Date of examination by commissioner: September 30.
Commonwealth
B erkshire,
ss.
of
$1,982 79
2,007 79
459 22
23,528 03
18,804 28
M assachusetts.
N ov. 18, 1891.
Personally appeared W illiam C. Spaulding, Treasurer of the Miners’ Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
H . F . Thompson, Justice o f the Peace.
Berkshire,
ss.
Nov. 18, 1891.
Personally appeared W m . M . Kniffin, President, and Charles W . Kniffin, O. Perry
Leavitt, Michael Condon, James Shead and Theodore S. Heath, trustees of said corpora
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
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Federal Reserve Bank of St. Louis
Before me,
H . F. T hompson, Justice o f the Peace.
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
379
MONSON SAVINGS BANK — MONSON.
Incorporated March 29, 1872.
Present number of corporators, 26.
S. F . Cushman, President.
y
E. F. Morris, Treasurer.
E . F. Morris, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
S. F. Cushman,
R . M. R eynolds,
A . D . Norcross,
D. G. Potter.
Open for business every business day, 9 a .m . to 12 m ., 1 to 4 p .m .
B a la n c e S h e e t , O ctober
A ssets .
31, 1891.
L iab ilities .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
$50,000
43,300
4,650
50,000
00
00
00
00
2,885
440,496
55,810
113,420
51
3,108
75
00
00
35
80
65
$763,722 55
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Due on foreclosure
account,
$707,907 40
30,000 00
23,313 22
1,884 45
617 48
$763,722 55
Cash on Deposit in Banks, amount in each :—
Third National Bank, Springfield,
Chicopee National Bank, Springfield,
Agawam National Bank, Springfield,
.
.
$15,000 00
15.000 00
John Hancock National Bank, Springfield, .
First National Bank, Springfield, .
10.000 00
10,000 00
10,000 00
City National Bank, Springfield,
10,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
380
R E P O R T O F TH E
[Pub. D oc.
Springfield Safe Deposit and Trust Company, Springfield..................................f 13,420 35
Home National Bank, H o l y o k e , .............................................................................
10,000 00
City National Bank, H o l y o k e , ..............................................................................
10,000 00
Holyoke National Bank, H o l y o k e , ....................................................................
10,000 00
Loans on Bank Stock, amount on each :—
On 31 shares Monson National Bank, M o n s o n , ................................................. $2,650 00
On 20 shares Palmer National Bank, P a l m e r , .................................................
2,000 00
Detailed Statement of Public Funds.
Par Value.
City of Boston, Mass., 4s,
of Lynn, Mass , 4s, .
of Newton, Mass , 4s,
Town of Westfield, Mass , 6s, .
City of Worcester, Mass , os, .
.
$10,000
10,000
7,000
10,000
13,000
Estimated
Market Value.
$10,100
10,100
7,210
10,200
14,700
00
00
00
00
00
$50,000* $52,310 00
Amount Invested.
$10,000
10,000
7,000
10,000
13,000
00
00
00
00
00
$50,000 00
No. of
Shares.
Detailed Statement of Bank Stocks.
20
20
25
20
25
25
40
30
15
11
10
10
10
5
5
5
25
70
20
20
19
3
Par Value.
North National Bank, Boston,
National Eagle Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Commerce, Boston, .
Eliot National Bank, Boston, .
Suffolk National Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
National Revere Bank, Boston,
Tremont Nat’l Bank, Boston,
Nat’l Webster Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Exchange Bank, Boston,
State National Bank, Boston, .
Massachusetts N’l B’k, Boston,
City National Bank, Holyoke,
Monson Nat’l Bank, Monson,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,
Agawam N’l B’k, Springfield,
Ware National Bank, Ware, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 2 ,0 0 0
2 ,0 0 0
2,500
2 ,0 0 0
2,500
2.500
4,000
3,000
1,500
1 ,1 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
500
500
500
2,500
7,000
2 ,0 0 0
2 ,0 0 0
1,900
300
$43,300
Estimated
Market Value.
$2,800
2,060
3,175
2,470
3,200
3,050
4,240
4,485
1,500
1,166
00
$ 2 ,0 0 0 0 0
00
00
2 ,0 0 0 0 0
00
2 ,0 0 0 0 0
00
2,500
2,500
4,000
3,000
1,500
00
00
00
00
00
1 ,0 2 0 0 0
1 ,0 0 0
1,240
680
610
540
2,800
9,800
3,000
2,700
1,900
345
Amount Invested.
2,500 00
00
00
00
00
00
00
1 ,1 0 0 0 0
1 ,0 0 0 0 0
1 ,0 0 0 0 0
00
1 ,0 0 0 0 0
00
00
500
500
500
2,500
7,000
00
2 ,0 0 0 0 0
00
00
2 ,0 0 0 0 0
00
00
00
00
$53,781 00
00
00
00
00
00
1,900 00
300 00
$43,300 00
No. 8 .]
381
SA Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement of Railroad Bonds.
Par Value.
Boston & Providence R R. 4s, .
Boston & Maine R.R 4s, .
Concord & Montreal RR. 4s, .
Boston & Lowell R.R. 4s,
Eastern R R. 6s,
Fitchburg R R. 4^s, . . . .
Estimated
Market Value.
$10,000
10,000
10,000
5,000
5,000
10,000
$10,100
10,100
10,100
5,000
6,075
10,000
$50,000
$51,375 00
Amount Invested.
$10,000
10,000
10,000
5,000
5,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
$50,000 00
Total Amount of Loans with Each Specified Rate of Interest.
$103,420 35
446,926 00
Amount.
Kate.
Amount.
4 per cent.
5
$4,000 00
Kate.
Amount.
5£ per cent.
$60,030 00
Kate.
6
per cent.
“
1
Amount invested in real estate for banking purposes,....................................... $2,885 75
Estimated value of the same, ......................................................................................
3,000
Assessed value of the same............................................................................................
1,900
Net income received from same during year ending Oct. 31, 1891,
.
.
183
Number of loans which are of an amount not exceeding $3,000 each, 186
Aggregate amount of the s a m e , ..............................................................................
230,336
Total number of loans upon real e s t a t e , .................................................218
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
36,121
Times for the dividends fixed by the by-laws : first Monday in April and
October.
Rate and amount or each semi-annuai dividend during the i 2 per cent., r
year ending Oct. 31, 1 8 9 1 , .......................................................... ) 2 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
. 289
Number of accounts closed during the year ending Oct. 31, 1891,
181
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,858
Total expenses of the corporation for the year ending Oct. 31,1891 (exclu
00
00
00
00
32
13,054 50
13,360 45
sive of t a x e s ) , ...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
126,788 42
Number of s a m e , ....................................................................................... 1,505
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891...............................................................................................................................
111,975 28
Number of s a m e , ................................................................................................. "15
Date of examination by commissioner : May 26.
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Federal Reserve Bank of St. Louis
2,335 25
382
R E P O R T O F TH E
Commonwealth
Hampden,
ss.
of
[Pub. D oc.
Massachusetts.
N o v . 6, 1891.
Personally appeared E . F . Morris, Treasurer o f the Monson Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat
ters to which they relate, according to his best knowledge and belief.
Before me,
Hampden,
ss-.
Carlos L. Peck, Justice o f the Peace.
N o v . 7, 1891.
Personally appeared S. F . Cushman, President, and C. H. Merrick, C. H . McMaster,
G. W . Farrington, A . A . Gage and A . D. Norcross, trustees o f said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me.
F. E . Morris, Justice o f the Peace.
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Federal Reserve Bank of St. Louis
No. 8 .J
SA V IN G S B A N K CO M M ISSION ERS.
383
NANTUCKET INSTITUTION FOR SAVINGS—NANTUCKET.
Incorporated April 2, 1834.
Present number of corporators, 39.
T haddeus C. Deerie z , President.
George H. Brock, Treasurer.
George H. Brock, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Thaddeus C. D efriez,
D avid Foeger,
A ndrew M. Mtrick,
A emon T. Mowry,
H enry Paddock.
Open for business e'wery business day, from May to November, 9 a .m . to 1 e .m . ;
November to M ay, 10 a .m. to 1 p.m .
Balance
Sh e e t , O c t o b e r
31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate for banking pur
poses,
.......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand,
.
.
.
.
L iab ilities .
$65,500
19,600
200
52,500
Ò0
00
00
00
4,000
17,000
258,507
21,595
13,880
36
645
1,200
00
00
72
00
28
38
25
57
Deposits, .
Guaranty fund,
Profit and loss
count,
$433,223 03
13,102 93
ac
8,339 24
$454,665 20
$454,665 20
Cash on Deposit in Bank, amount in each : —
North National Bank, B o s t o n , ............................................................................. $13,880 28
Pacific National Bank, N a n t u c k e t , ....................................................................
36 38
Loan on Bank Stock : —
On 5 shares National Bank of Commerce, New Bedford,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
$200 00
[Pub. Doc
RE POET O F TH E
384
Detailed Statement of Public Funds.
Par Value.
Town of Beverly, Mass , 4s, .
Citv of Cleveland, Ohio, 6s, .
of Cleveland, Ohio, 5s, .
of Milwaukee, Wis., 5s, .
of Detroit, Mich , 7s,
of Fall River, Mass., 6s, .
of Lawrence. Mass., 6s, .
of New London, Conn., 7s,
of Scranton, Pa , 6s,
of East Saginaw,'Mich , 4^s, .
of Sioux City, Iowa, 4|s,
District of Columbia 6s, .
$1,000
4,000
10,000
10,000
2,000
6,000
1,000
1,000
.3,500
7,000
15,000
5,000
$65,500
Estimated
Market Value.
$1,010
4,260
10,350
10,600
2,335
6,860
1,035
1,280
3,850
7,210
15,000
5,900
00
00
PO
00
00
00
00
00
00
00
00
00
$69,690 00
Amount Invested.
$1,000
4,000
10,000
10,000
2,000
6,000
1,000
1,000
3,500
7,000
15,000
5,000
00
00
00
00
0000
00
00
00
00
00
00
$65,500 00
No. of
Shares.
1
Detailed Statement of Bank Stocks.
20
19
10
10
10
10
10
8
10
14
15
lo
15
15
10
10
Par Value.
North National Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Old Boston N’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian Nat’l B’k, Boston, .
N’l B’k of No. America, Boston,
Metropolitan N’l B’k, Boston,
South End Nat’l Bank, Boston,
Nat’l Bank of Commerce, New
Bedford,
. . . .
Nat’l Revere Bank, Boston,
Faneuil Hall Nat’l B’k, Boston,
Eliot National Bank, Boston, .
Shawmut Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Nat’l Exchange Bank, Boston,
1
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$2,000
1,900
1,000
1,000
1,000
1,000
1,000
800
1,000
$2,785
2,085
1,300
1,182
1.290
1,072
1,235
720
1,002
00
25
00
50
00
50
00
00
50
$2,000
1,900
1,000
1,000
1,000
1,000
1,000
800
1,000
00
00
00
00
00
00
00
00
00
1,400
1,500
■1,000
1,500
1,500
1,000
1,000
1,274
1,590
1,420
1,830
1,890
1,000
1,363
00
00
00
00
00
00
75
1,400
1,500
1,000
1,500
1,500
1,000
1,000
00
00
00
00
00
00
00
$19,600
$23,040 50
$19,600 00
No. 8 .]
385
SA Y IN G S B A N K CO M M ISSION ERS.
Detailed Statement of Railroads Bonds.
Par Value.
$1,000
2,000
5,000
1,000
5,000
3.000
4,000
1,000
15,000
6,000
4,500
5,000
Conn & Passumpsic Rivers R R. 7s,
Fitchburg R.R. 6s, .
Fitchburg R.R. 4|s, . . . .
Old Colony R R. 7s,
. . .
Old Colony R R. 6s,
Boston & Albany R.R. 6s,
Boston & Lowell R R. 6s,
Boston & Lowell R.R. 5s,
Boston & Lowell R R 4s,
Boston, Winthrop & Shore R.R. 5s,
Boston & Maine R.R. 7s, .
Boston & Maine R.R 4s, .
$52,500
Estimated
Market Value.
$1,020
2,120
4,950
1,050
5,390
3,150
4,240
1,045
15,000
6,420
4,680
5,000
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
$54,065 00
$1,000
2,000
5,000
1,000
5,000
3,000
4,000
1,000
15,000
6,000
4,500
5,000
00
00
00
00
00
00
00
00
00
00
00
00
$52,500 00
Total Amount of Loans with Each Specified Rate of Interest.
Rate.
Amount.
$13,880 28
98,100 00
3 per cent.
5
“
Rate.
Amount.
$39,850 00
133,025 22
5^ per cent.
6
Amount.
$8,797 50
530 00
Rate.
6£ per cent.
7
Amount invested in real estate for banking p u r p o se s,....................................... $4,000 00
Estimated value of the s a m e ,.......................................................................................
5,000
Assessed value of the s a m e , .......................................................................................
5,400
Net income received from same during year ending Oct. 31,1891,
.
.
293
Value, by books, of other real estate held or owned by foreclosure or
17,000
o t h e r w i s e ,.......................................................... .........................................................
Assessed value of the s a m e , ........................................................................................
21,400
Net income received from same during year ending Oct. 31, 1891, .
.
1,037
Number of loans which are of an amount not exceeding $3,000 each, 124
Aggregate amount of the same.....................................................................................
Total number of loans upon real e s t a t e , .......................................
149
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the b y-law s: second Monday in January
and July.
Rate and amount of each semi-annual dividend during the i 2 per cen t.,f
year ending Oct. 31, 1891, .
.
.
.
.
.
. j 2 per cent., (
Number of accounts opened during the year ending Oct. 31, 1891,
175
00
00
10
00
00
61
129,557 72
22,374 20
7,583 88
8,034 80
Number o f accounts closed during the year ending Oct. 31, 1891,
130
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,281
Total expenses of the corporation for the year ending Oct. 31, 1891 (exclu
sive of t a x e s ) , ............................................................................................................
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Federal Reserve Bank of St. Louis
1,666 90
R E P O R T O F TH E
386
[Pub. D oc.
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891, .
,
...............................................................................
Number of s a m e , ........................................................................................
872
Amount of withdrawals, including dividends, during, the year ending
$88,887 75
Oct. 31, 1 8 9 1 , ............................................................................................................
Number of s a m e , ........................................................................................
955
Date of examination by commissioner: July 31.
69,851 99
C o m m o n w e a l t h of M a ssa c h u se t t s.
N an tucket,
N ov . 17, 1891.
ss .
Personally appeared George H . Brock, Treasurer o f the Nantucket Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
N a n t u c k e t , ss.
B e n j . F . B r o w n , Justice o f the Peace.
Nov. -17, 1891.
Personally appeared Thaddeus C. Defriez, President, and Andrew M . Myrick, Almon
T . Mowry, Harrison Myrick, Richard E . Burgess and Albert G. Brock, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
B e n j . F . B r o w n , Justice o f the Peace.
No. 8 .J
SA Y IN G S B A N K CO M M ISSION ERS.
387
NATICK FIVE CENTS SAVINGS BANK — NATICK.
Incorporated April 5, 1859.
J oh n 0 . W
il s o n ,
Present number of corporators, 38.
President.
F r e d e r ic k 0 . B a s t o n , Treasurer.
F r e d e r ic k 0 . B asto n , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds:
L eonard W
J. L. W
W
in c h ,
F r a n c is B i g e l o w .
oodm an,
il l i a m
F. H . H ayes,
N utt,
F r e d e r ic k 0 . B a s t o n .
Open for business every business day, 9 a .m . to 3 e.m.
B alan ce Sh e e t , O ctober
•
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loan on railroad stock,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
31, 1891.
L ia b ilit ie s .
$76,000
930
98,800
9,675
90,000
200
756,804
56,851
00
00
00
00
00
00
00
40
79,500
1,375
20,507
1,665
1,170
00
00
00
89
36
$1,193,478 65
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,118,460 76
48,563 00
17,157 53
9,297 36
$1,193,478 65
Cash on Deposit in Banks, amount in each : —
North National Bank, B o s t o n , ..............................................................................$5,000 00
Natick National Bank, N a t i c k , ..............................................................................
15,507 00
Loan on Public Funds : —
On $1,100 United States 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$930 00
388
R E P O R T OF TH E
[Pub. Doc.
Loans on Bank Stock, amount on each : —
On 40 shares Natick National Bank, N a t i c k , ................................................. $4,000 00
On 50 shares Natick National Bank, N a t i c k , .................................................
5,000 00
On 5 shares Natick National Bank, N a t ic k ,...........................................................
On 5 shares Natick National Bank, N a t i c k ,..........................................................
Loan on Railroad Stock: —
On 2 shares Maine Central R . R . , ..............................................................................
Detailed Statement of Public Funds.
Par Value.
City of Boston, Mass., 4s,
of Worcester, Mass., 4|s,
of Fall River, Mass., 5s, .
of Cambridge, Mass , 6s,
Town of Brookline, Mass , 7s,
of Beverly, Mass., 4s, .
of Wellesley, Mass , 4s,
of Orange, Mass , 4s, .
City of Springfield, Ohio, 5s, .
Estimated
Market Value.
$10,000
3.000
16.000
4.000
10,000
10,000
9.000
4.000
10,000
$10,338
3,227
18,491
4,947
11,732
10,350
9,098
4,036
10,338
00
00
00
00
00
00
00
00
00
$76,000
$82,557 00
Amount Invested.
$10,000
3.000
16,000
4.000
10,000
10,000
9.000
4.000
10,000
00
00
00
00
00
00
00
00
00
$76,000 00
No. of
Shares.
Detailed Statement of Bank Stocks.
26 Atlas National Bank, Boston, .
115 Boston National Bank, Boston,
7 Boylston Nat'l Bank, Boston, .
27 Central Nat’l Bank, Boston, .
13 Columbian N’l Bank, Boston,
46 N’l B’k of Commerce, Boston,
21 National Bank of the Common
wealth, Boston, .
5 Continental N’l Bank, Boston,
19 Eliot National Bank, Boston, .
70 Everett Nat’l Bank, Boston,
15 Nat’l Exchange Bank, Boston,
62 Howard Nat’l Bank, Boston, .
46 Merchants’ N’l Bank, Boston,
10 Metropolitan N’l B’k, Boston,
15 Monument Nat’l Bank, Boston,
21 North National Bank, Boston,
51 N’l B’k of No America, Boston,
14 N’ l B’k of Redemption, Boston,
30 N’l B’k of the Republic, Boston,
10 Second Nat’l Bank, Boston, .
20 South End Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
$2,600
11,500
700
2,700
1,300
4,600
$2,814
12,880
903
3,840
1,394
5,876
00
00
00
00
00
00
$2,600
11,500
700
2,700
1,300
4,600
00
00
00
00
00
00
2,100
500
1,900
7,000
1,500
6,200
4,600
1,000
1,500
2,100
.5,100
1,400
3,000
1,000
2,000
3,890
652
2,318
7,245
2,051
6,851
6,877
904
3,300
2,924
6,298
1,778
4,800
1,852
2,010
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
2,100
500
1,900
7,000
1,500
6,200
4,600
1,000
1,500
2,100
5,100
1,400
3,000
1,000
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
No. 8 .]
SA V IN G S B A N K COM M ISSION ERS.
389
No. of
Shares.
Detailed Statement of Bank Stocks — Concluded.
7
4
20
33
32
17
55
120
20
87
Estimated
Market Value.
Amount Invested.
$700
400
2,000
3,300
3,200
$852
400
2,280
3,465
8,904
00
00
00
00
00
$700
400
2,000
3,300
3,200
00
00
00
00
00
1,700
5,500
12,000
2,000
3,700
2,244
7,535
15,600
1,700
7,400
00
00
00
00
00
1,700
5,500
12,000
2,000
3,700
00
00
00
00
00
Far Value.
State National Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
First National Bank, Chelsea,
Framingham National Bank,
So. Framingham,
Home Nat’l Bank, Brockton, .
Natick National Bank, Natick,
Newton Nat’l Bank, Newton, .
Wachusett N’l B’k, Fitchburg,
$98,800 $126,837 00
$98,800 00
Detailed Statement of Railroad Bonds.
| Par Value.
Boston & Albany R.R. 7s,
Old Colony R R. 6s,.
Old Colony R R 4s,.
Fitchburg R R. 5s, .
Boston, Clinton, Fitchburg & New
Bedford R R. 5s, .
Vermont & Massachusetts R.R. 5s,
Boston & Lowell R R. 4s,
Dexter and Piscataquis R R. 4s,
Fitchburg R R. 4i s, . . . .
Estimated
Amount Invested.
Market Value.
$5,000
4,000
15,000
10,000
$5,037
4,360
15,450
10,500
00
00
00
00
$5,000
4,000
15,000
10,000
00
00
00
00
5,000
11,000
15,000
10,000
15,000
5,650
11,935
15,000
10,000
15,168
00
00
00
00
00
5,000
11,000
15,000
10,000
15,000
00
00
00
00
00
$90,000
$93,100 00
$90,000 00
Total Amount of Loans with Each Specified Rate of Interest.
Amount.
$15,507 00
5,000 00
79,500 00
Rate.
2 per cent.
2*
“
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$9,000 00
5,850 00
456,676 00
Kate.
Amount.
Kate.
4^ per cent.
4|
“
5
“
$68,250 00
260,069 40
25,990 00
5^ per cent.
6
6*
“
[Pub. D oc.
EE PO RT O F TH E
390
Number of loans which are of an amount not exceeding $3,000 each,
417
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate........................................................... 424
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
$484,892 40
year ending Oct. 31, 1891.............................................................................................
Times for the dividends fixed by the b y-la w s: first Tuesday in M ay and
60,588 08
November.
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
year ending Oct. 31, 1891................................................................ J 2 per cent., 1
Number of accounts opened during the year ending Oct. 31,1891,
. 670
2,890 00
19,580 73
20,296 59
Number o f accounts closed during the year ending Oct. 31, 1891,
. 547
Total number of open accounts Oct. 31, 1891,
.
.
.
.
5,026
Total expenses o f the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) ,..................................................................................................
Amount of deposits, not including dividends, received during the year
3,134 87
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , ................................................................................................ 4,545
Amount of withdrawals, including dividends, during the year ending Oct.
276,793 10
31, 1 8 9 1 , ....................................................................................................................
Number of same........................................................................................................3,912
Date of examination by commissioner: February 6.
269,483 18
Commonwealth
M iddlesex,
ss.
of
Massachusetts.
N atick, N ov. 7, 1891.
Personally appeared Frederick O. Baston, Treasurer of the Natick Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the an
swers made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to.which they relate, according to his best knowledge and belief.
Before me,
M iddlesex,
ss.
James McManus, Justice o f the Peace.
N atick, Nov. 13, 1891.
Personally appeared John O. Wilson, President, and Leonard Winch, Francis Bige
low, F . M . Boardman, W illiam Nutt and Gilbert W . Howe, trustees of said cor
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
James M cManus, Justice o f the Peace.
/
No. 8 .]
NEW
S A Y IN G S B A N K COM M ISSION ERS.
BEDFORD
FIVE
391
CENTS SAVINGS BANK — N E W
BEDFORD.
Incorporated April 14, 1855.
Present number of corporators, 156.
G eorge Howland, Jr., President.
W illiam H. Pitman, Treasurer.
James Taylor, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
George Howland, Jr.,
Frederick S. A llen,
Thomas W ilcox,
W illiam It. W ing,
Parkman M. Lund,
Otis N . Pierce,
George F. K ingman,
Loum Snow,
Oliver P. B rightman.
Open for business every business day, 9 a .m. to 1 e.m . ; also Saturday, 7 to 9 p. m.
B alan ce S h eet, O ctober
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad stock, .
Real estate (for banking pur
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks on interest, .
Expense account,'
Cash on hand,
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31, 1891.
L ia b ilit ie s .
$955,000
191,600
10,200
449,500
100,000
00
00
00
00
00
56,985 88
1,386,233 25
1,628,164 43
20,000
50
90,462
854
3,734
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Discount account,
Surplus fund, .
Premium account, .
$4,668,462 84
150,983 51
7,628 76
3,762
12,089
45,517
4,338
67
71
84
88
00
00
00
09
56
$4,892,784 21
$4,892,784 21
392
[Pub. Doc
R E P O R T O F TH E
Cash on Deposit in Banks, amount in each : —
$22,188 86
Third National Bank, Springfield, .
International Trust Company, Boston, .
National Bank of Redemption, Boston,
Mechanics’ National Bank, New Bedford, .
Merchants’ National Bank, New Bedford,
Citizens’ National Bank, New Bedford,
First National Bank, New Bedford,
National Bank of Commerce, New Bedford,
National Bank of Fairhaven, Fairhaven,
804
6,913
4,311
5,760
28,769
4,217
2,496
15,000
96
00
79
40
23
00
76
00
Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On
$7,000 00
70 shares Citizens’ National Bank, New Bedford, .
2 shares First National Bank, New Bedford, .
2 shares Mechanics’ National Bank, New Bedford,
6 shares Merchants’ National Bank, New Bedford,
7 shares National Bank of Commerce, New Bedford,
14 shares National Bank of Commerce, New Bedford,
8 shares National Bank of Fairhaven, Fairhaven, .
Ì
II-
1,700 00
J
1,500 00
Loans on Railroad Stock, amount on each : —
On 417 shares Boston & Maine R . R . , .....................................................................$50,000 00
On 390 shares Boston & Maine R . R . , .....................................................................
50,000 00
Detailed Statement of Public Funds.
Par Value.
City of Bangor, Me., 6s, .
of Boston, Mass., 4s,
of Boston, Mass , 3^s,
of Chelsea, Mass , 6s,
of llanbury, Conn , 4s, .
of Dayton, Ohio, 5s,
of East Saginaw, Mich , 5s, .
of Fall River, Mass., 6s, .
of Fall River, Mass., 5s, .
of Grand Rapids, Mich , 5s, .
of Holyoke, Mass , 6s,
of L y n n , Mass , 4s, .
of Manchester, N. H., 4s,
Town of Middleborough, Mass., 4s,
City of New Bedford, Mass., 6s,
of New Bedford, Mass., 3^s, .
of New Haven, Conn., 3^s,
of Norwich, Conn., 6s, \
United States 6s,
. . .
United States 4s,
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$66,000
10,000
50,000
15,000
30,000
50,000
32,500
73,000
17,000
50,000
50,000
25,000
50,000
73,500
47,000
80,000
50,000
13,000
98,000
75,000
Estimated
Market Value.
$73,920
10,150
49,000
15,075
30,300
53,860
34,174
87,600
19,210
54,000
57,000
25,375
50,250
73,500
51,485
78,400
47,625
14,300
115,660
87,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$66,000
10,000
50,000
15,000
30,000
50,000
32,500
73,000
17,000
50,000
50,000
25,000
50,000
73,500
47,000
80,000
50,000
13,000
98,000
75,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$955,000 $1,027,884 00 $955,000 00
No. 8 .]
393
S A Y IN G S B A N K CO M M ISSION ERS.
No. of
Shares.
Detailed Statement of Bank Stocks.
Par Value.
100
120
100
20
25
100
523
First National Bank, Boston, .
National Revere Bank, Boston,
Merchants’ Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Franklin Nat’l B’k, Franklin,
Merchants’ Nat’l Bank, New
Bedford,
. . . .
313 First N’l Bank, New Bedford,
200 Citizens’ N’l B’k, New Bedford,
300 N’l Bank of Commerce, New
Bedford,
. . .
100 Third Nat’l Bank, Springfield,
15 Winthrop Nat’l Bank, Boston,
$10,000
12,000
10,000
2,000
2,500
10,000
Estimated
Market Value.
$24,000
12,720
14,800
2,400
2,600
11,000
00
00
00
00
00
00
Amount Invested.
$10,000
12,000
10,000
2,000
2,500
10,000
00
00
00
00
00
00
52,300
31,300
20,000
98,324 00
46,950 00
25,600 00
52,300 00
31,300 00
20,000 00
30,000
10,000
1,500
25,800 00
20,000 00
1,725 00
30,000 00
10,000 00
1,500 00
$191,600 $285,919 00
$191,600 00
Detailed Statement of Railroad Bonds.
Par Value.
$10,000
89,(t00
15,000
50,000
52,500
118,000
50,000
20,000
45,000
Boston & Albany R.R 6s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 7s, .
Boston ’& Maine R.R. 4s, .
Flastern R R. 6s,
Fitchburg R R 4|s, .
Fitchburg R R. 4s, .
Old Colony R.R. 7s,
Old Colony R.R. 6s,.
Estimated
Market Value.
$10,500
89,000
15,600
50,000
63,787
116,820
47,000
21,000
48,000
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
89,000
15,000
50,000
52,500
118,000
50,000
20,000
45,000
00
00
00
00
00
00
00
00
00
$449,500 $461,707 00 $449,500 00
Total Amount of Loans with Each Specified Rate oj Interest.
Amount.
$28,273
22,188
20,000
75,000
14
86
00
00
Kate.
Amount.
Kate.
Amount.
2^ per cent.
3
“
3|
“
4
$252,500 00
177,000 00
1,151,066 39
4£ per cent.
4|
“
5
“
$376,410 00
924,058 64
208,612 65
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
5i per cent.
54
“
6
394
R E P O R T O F TH E
[Pub. Doc.
Amount invested in real estate for banking p u rp o se s,.......................................
Estimated value of the same..........................................................................................
Assessed value of the s a m e , .........................................................................................
$56,985 88
56,985 88
32,000 00
Number of loans which are of an amount not exceeding $3,000 each, 229
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 327
331,950 25
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the b y-law s:
April and October.
236,326 82
second Wednesday in
Rate and amount o f each semi-annual dividend during the ] 2 per cent., f
year ending Oct. 31, 1 8 9 1 ,...........................................................) 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
2,448
Number of accounts closed during the year ending Oct. 31, 1891,
1,899
Total number of open accounts Oct. 31, 1891,
.
.
.
.
17,278
Total expenses o f the corporation for the year ending Oct. 31, 1891 (e x
clusive of taxes),
..................................................................................................
86,720 13
88,233 81
10,759 99
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ........................................................... .........
880,003 82
Number of s a m e , ........................................................................................ 15,240
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 1 , .....................................................................................................................
885,809-46
Number of s a m e , ........................................................................................10,125
Date of examination by commissioner: March 26.
Commonwealth
Bristol,
of
ss.
Massachusetts.
Nov. 14, 1891.
Personally appeared William H . Pitman, Treasurer of the New Bedford Five Cents
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a true
and correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
H enry H. Crapo, Justice o f the Peace.
Before me,
%
B ristol,
ss.
N ov. 14, 1891.
Personally appeared George Howland, Jr., President, and made affirmation that the
annexed report is correct, to his best knowledge and belief, and Frederick S. Allen, Loum
Snow, Otis N . Pierce, S. M . Lund, Thomas W ilcox and Geo. F. Kingman, trustees of
said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H enry H. Crapo, Justice o f the Peace.
No. 8 .J
SA Y IN G S B A N K CO M M ISSION ERS.
395
N E W BEDFORD INSTITUTION FOR SAVINGS — N E W
BEDFORD.
Incorporated June 16. 1825.
Present number of corporators, 119.
W illiam W atkins, President.
Chas. H. Peikce, Treasurer.
W illiam G. W ood, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W illiam W atkins,
E dward D . Mandell,
Horatio Hathaway,
Gilbert A llen,
E dward S. Taber,
A ndrew G. Pierce,
John R. Thornton.
Open for business every business day, 9 a .m . to 1 p .m . ; also Saturday, 2.30 to 5 f.m ..
B a l a n c e S h e e t , O c t o b e r 31, 1891.
L iab ilit ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad stocks, .
Railroad notes..................................
Real estate (for banking pur
poses),
.......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand....................................
$2,821,200
1,387,660
42,800
892.000
71,000
275.000
00
00
00
00
00
00
30,000
3,000
1,989,984
3,889,420
00
00
00
00
103.000
325,105
903
25,396
00
77
28
03
$11,856,469 08
Deposits, .
Guaranty fund,
Profit and loss
count,
$11,230,431 80
523,000 00
ac
103,037 28
$11,856,469 08
Cash on Deposit in Banks, amount in each : —
Merchants’ National Bank, New Bedford,
First National Bank, New Bedford,
National Bank of Commerce, New Bedford,
Mechanics’ National Bank, New Bedford,
Citizens’ National Bank, New Bedford, .
National Revere Bank, Boston,
National Bank of Redemption, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,161 95
32,667 63
47,369 67
7,727
51,837
96,173
83,168
16
14
89
33
396
[Pub. Doc
R E P O R T O F TH E
Loans on Bank Stock, amount on each : —
$ 1,200 00
On 14 shares Merchants’ National Hank, New Bedford.
On 9 shares First National Bank, New Bedford, .
On 91 shares First National Bank, New Bedford, .
On 7 shares Mechanics’ National Bank, New Bedford,
On 10 shares Mechanics’ Nati mal Bank, New Bedford,
On 5 shares Citizens’ National Bank, New Bedford,
On 20 shares Citizens’ National Bank, New Bedford, .
On 9 shares First National Bank, New Bedford, .
On 15 shares Mechanics’ National Bank, New Bedford,
On 22 shares National Bank of Commerce, New Bedford,
On 17 shares First National Bank, New Bedford,
On 6 shares National Bank of Commerce, New Bedford,
On 12 shares Mechanics’ National Bank, New Bedford,
On 10 shares First National Bank, New Bedford,
On 13 shares First National Bank, New Bedford,
On 10 shares Merchants’ National Bank, New Bedford,
On 14 shares Mechanics’ National Bank, New Bedford, *
On 60 shares National Bank of Commerce, New Bedford,
On 47 shares Massachusetts National Bank, Boston, .
On 10 shares Mechanics’ National Bank, New Bedford,
On 10 shares National Bank of Commerce, New Bedford,
On 25 shares Falmouth National Bank, Falmouth,
On 100 shares First National Bank, Easton,
800 00
5,300 00
700 00
1,000 00
100 00
2,000 00
4.000 00
2.000 00
2,200 00
I
2,000 00
4.000 00
4.000 00
3,500 00
10.000 00
Loans on Railroad Stock, amount on each : —
On 172 shares Boston & Maine R .R .,
.................................................................... $21,000 00
On 500 shares Boston & Maine R . R . , ....................................................................
50,000 00
Detailed Statement o f Public Funds.
Par Value.
Town of Attleborough, Mass., 7s, .
City of Bangor, Me., 6s, .
of Bath, Me , 6s,
of Boston, Mass , 6s,
of Boston, Mass , 4s,
of Boston, Mass , 5s,
of Cambridge, Mass , 6s, .
of Charlestown, Mass, 5s,
of Charlestown, Mass , 6s,
of Chelsea, Mass., 6s,
of Chelsea, Mass , 4s,
of Cleveland, Ohio, 7s,
of Cleveland, Ohio, 5s,
of Cleveland, Ohio, 6s,
of Columbus, Ohio, 6s,
of Danbury, Conn., 4s,
of Dayton, Ohio, 5s,
of Detroit, Mich , 4s,
District of Columbia 6s, .
District of Columbia 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$34,000
100,000
13,000
14,000
100,000
459,000
12,000
100,000
3,000
28,000
40,000
55,000
11,000
57,000
10,000
50,000
100,000
300,000
85,000
84,000
Estimated
Market Value.
$42,200
110,500
14,560
14,140
101,500
514,260
12,720
102,000
3,030
31,080
40,700
57,200
11,820
61,270
10,100
52,000
108,500
300,000
90,520
91.980
Amount Invested.
$34,000
100,000
13,000
14,000
100,000
459,000
12,000
100,000
3,000
28,000
40,000
55,000
11,000
57,000
10,000
50,000
100,000
300,000
85,000
84,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
•
Legal investments when made.
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
No. 8 .]
SA V IN G S B A N K COM M ISSION ERS.
397
Detailed Statement o f Public Funds — Concluded.
Par Value.
City of East Saginaw, Mich , 5s,
of Fall River, Mass , 6s, .
of Fall River, Mass , 5s, .
of Fitchburg, Mass , 6s, .
of Fort Wayne, Ind , 6s, .
of Grand Rapids, Mich., 5s,
of Lowell, Mass , 4s,
of Lawrence, Mass., 6s, .
of Lynn, Mass , 6s, .
of Lynn, Mass , 4s, .
of Malden, Mass , 5s,
of Manchester, N. I I , 6s,
of Middletown, Conn., 6s,
of Nashua, N, H., 6s,
of New Bedford, Mass., 6s,
of New Bedford, Mass , 7s,
of New Bedford, Mass., 4s,
of New Bedford, Mass , 3^s, .
of New Bedford, Mass., 5s,
of Pawtucket, R I., 5s, .
of Peoria, 111., 4^s, .
Town of Peterborough, N H , 6s, .
Citv of Providence, R. 1 , 4^s, .
of Providence, R. I., 5s, .
of Providence, R 1 , 6s, .
of Salem, Mass , 4s, .
City of Springfield, Ohio, 4^s,
United States 4s,
. . .
$60,000
1,000
1,000
2,000
31,000
130,000
20,000
2,000
1,000
69,000
17,000
6,000
28,000
5,000
206,000
5,000
100,000
25,000
10,000
5,000
50,000
5,000
6,000
169,200
2,000
100,000
60,000
50,000
Estimated
Market Value.
$62,100
1,100
1,070
2,040
34,560
141,050
20,300
2,320
1,090
71,070
17,000
6,360
31,180
5,000
242,050
5,050
100,500
24,750
11,200
5,320
51,500
5,000
6,270
184,800
2,320
102,500
62,100
58,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$60,000
1,000
1,000
2,000
31,000
130,000
20,000
2,000
1,000
69,000
17,000
6,000
28,000
5,000
206,000
5,000
100,000
25,000
10,000
5,000
50,000
5,000
6,000
169,200
2,000
100,<>00
60,000
50,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$2,821,200 $3,030,180 00 $2,821,200 00
1
Ko. of 1
Shares. |
Detailed Statement o f Bank Stocks.
360
150
30
250
260
90
170
30
230
Par Value.
Atlas National Bank, Boston,
Boston Nat’l Bank, Boston, .
National City Bank, Boston,
Continental N’l B’k, Boston, .
Columbian N’l B’k, Boston, .
Eliot National Bank, Boston,
National Eagle Bank, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$36,000
15,000
3,000
25,000
26,000
9,000
17,000
3,000
23,000
Estimated
Market Value.
$43,560
16,800
2,850
32,250
27,820
10,980
17,510
3,090
55,430
00
00
00
00
00
00
00
00
00
Amount Invested.
$36,000
15,000
3,000
25,000
26,000
9,000
17,000
3,000
23,000
00
00
00
00
00
00
00
00
00
398
[Pub. D oc
R E P O R T O F TH E
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
140
90
100
230
440
100
460
100
20
200
380
200
490
500
130
40
230
530
140
140
90
108
350
130
18
200
22
200
250
45
150
1000
1356
1096
1000
1366
200
70
Par Value.
Howard Nat’l Bank, Boston,
Hamilton N’l Bank, Boston, .
Maverick Nat'l Bank, Boston,
Merchants’ N’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Monument N’l Bank, Boston,
N’l B’k of Commerce, Boston,
Naional Bank of the Com
monwealth, Boston, .
N’ l Exchange Bank, Boston,
Nat’ l Hide & Leather Bank,
Boston,
.
.
.
.
N’l Bank of North America,
Boston,
.
.
.
.
N’l B’k of Redemption, Boston,
Nat’l Bank of the Republic,
Boston,
.
.
.
.
Nat’l Revere Bank, Boston, .
National Union Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
Second Nat’l Bank, Boston, .
Shawmut N’l Bank, Boston, .
Shoe & Leather Nat’l Bank,
Boston,
.
.
.
.
State National Bank, Boston,
Traders’ Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston,
Washington N’l B’k, Boston,
Winthrop Nat’l Bank, Boston,
First National Bank, Chelsea,
National Bank of Fairhaven,
Fall River N’ l B’k, Fall River.
Metacomet N’l B’k, Fall River,
Railroad Nat’l Bank, Lowell,
First Nntional Bank, Malden,
Citizens’ N’l B’k, New Bedford,
First N’l B’k, New Bedford,
Merchants’ Nat’l Bank, New
Bedford,
.
.
.
.
Mechanics’ Nat’l Bank, New
Bedford,
.
.
.
.
N’l Bank of Commerce, New
Bedford,
.
.
.
.
Third N’l Bank, Springfield,
Nat’l Bank of South Reading,
Wakefield, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$14,000
9,000
10,000
23,000
44,000
10,000
46,000
Estimated
Market Value.
Amount Invested.
$15,400 00 • $14,000 00
9,000 00
10,800 00
_
10,000 00
34,500 00
23,000 00
44,000 00
47,520 00
22,000 00
10,000 00
46,000 00
58,880 00
10,000
2,000
18,500 00
2,720 00
10,000 00
2,000 00
20,000
24,800 00
20,000 00
38,000
20,000
47,120 00
25,400 00
38,000 00
20,000 00
49,000
50,000
13,000
4,000
23,000
53,000
14,000
78,400
53,000
18,200
6,560
31,970
98,050
17,640
00
00
00
00
00
00
00
49,000
50,000
13,000
4,000
23,000
53,000
14,000
00
00
00
00
00
00
00
14,000
9,000
10,800
35,000
13,000
1,800
20,000
1,760
20,000
25,000
4,500
15,000
100,000
135,600
13,020
10,890
10,800
35,700
15,470
2,050
24,000
1,760
22,000
32,500
5,800
21,750
130,000
203,400
00
00
00
00
00
00
00
00
00
00
00
00
00
00
14,000
9,000
10,800
35,000
13,000
1,800
20,000
1,760
20,000
25,000
4,500
15,000
100,000
135,600
00
00
00
00
00
00
00
00
00
00
00
00
00
00
109,600
208,240 00
109,600 00
100,000
170,000 00
100,000 00
136,600
20,000
122,940 00
40,000 00
136,600 00
20,000 00
7,000
8,050 00
7,000 00
$1,387,660 $1,900,120 00 $1,387,660 00
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
399
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 7s,
Boston & Albany R R. 6s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Maine R.R. 7s, .
Boston & Maine R.R 4s, .
Boston & Lowell R.R. 4^s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Lowell R R. 7s,
Fitchburg R.R. 5s, .
Fitchburg R.R. 4^s, .
.
.
.
New Bedford R R. 7s,
Old Colony R.R. 6s,.
Estimated
Market Value.
$110,000 $110,000 00
50,000
53,250 00
13,000
26,000
200,000
20,000
36,000
44,000
10,000
38,000
200,000
75,000
70,000
14,620
27,300
202,000
20,900
37,080
47,960
10,000
40,280
205,000
78,370
77,350
Amount Invested.
$110,000 0Q
50,000 00
00
00
00
00
00
00
00
00
00
00
00
13,000
26,000
200,000
20,000
36,000
44,000
10,000
38,000
200,000
75,000
70,000
00
00
00
00
00
00
00
00
00
00
00
$892,000 $924,110 00 $892,000 00
Total Amount o f Loans with Each Specified Rate of Interest.
Amount.
$35,763
179,342
40,600
795,000
81,000
Rate.
55
22
00
00
00
2£ per cent.
3
“
3i
“
4
“
44
“
Amount.
$601,800
50.000
115,000
1,682,900
971,500
00
00
00
00
00
Kate.
4^ per cent.
4|
“
4|
..
5
“
54
“
Amount.
$40,000
1,789,220
80,650
234,134
00
00
00
00
Rate.
5$ per cent.
5h
51
“
6
“
Amount invested in real estate for banking p u r p o se s,.......................................
Estimated value of the s a m e , ..............................................................................
Assessed value of the same.............................................................................................
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,....................................................................................................................
Assessed value of the s a m e , .......................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 333
Aggregate amount of the s a m e , ..............................................................................
Total number o f loans upon real e s t a t e , ................................................. 338
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .................................................................................
$30,000 00
30.000 00
20.000 00
3,000 00
5,150 00
394,023 00
33,000 00
597,874 99
Times for the dividends fixed by the b y-la w s: first Monday in April
and October.
Rate and amount of each semi-annual dividend during the l 2 per cent., r 217,287 55
year ending Oct. 31, 1891...........................................................J 2 per cent., j
218,164 59
Number o f accounts opened during the year ending Oct. 31, 1891,
2,455
Number of accounts closed during the year ending Oct. 31, 1891,
2,311
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
R E P O R T O F TH E
400
[Pub. D oc.
Total number of open accounts Oct. 31, 1891,
.
.
.
.
21,606
Total expenses of the corporation for the year ending Oct. 31, 1891,
(exclusive of taxes) .................................................................................................. $22,060 25
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .................................................................................................. 1,479,637 45
Number o f same..............................................................................................13,238
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1891...................................................................................................................... 1,922,670 19
Number of s a m e , ........................................................................................ 15,289
Date of examination by commissioner : July 30.
Commonwealth
B ristol,
ss.
of
Massachusetts.
N ov. 4, 1891.
Personally appeared Charles H . Peirce, Treasurer of the New Bedford Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
Bristol,
ss.
H enry H . Crapo, Justice o f the Peace.
N ov. 4, 1891.
Personally appeared William Watkins, President, and Edward D . Mandell, Edward
S. Taber, Horatio Hathaway, Andrew G. Pierce, John R . Thornton and Gilbert Allen,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H enry H . Crapo, Justice o f the Peace.
No. 8 .]
401
SA Y IN G S B A N K CO M M ISSION ERS.
NEWBURYPORT FIVE CENTS SAVINGS BANK — N E W BURYPOIIT.
Incorporated April 24, 1854.
Present number of corporators, 40.
E ben Stjmner, President.
J. A . Maynard, Treasurer.
J. A . Maynard, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
E ben Sumner,
John H . Balch,
Nathaniel Dole,
A. W . Greenleaf.
Open for business every business day, except Saturday, 9 a .m . to 1 p .m ., 2 30 to 4
p.m .; Saturday, 9 a .m . to 1 p.m.
B a la n c e Sh e e t , O ctober
31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loan on railroad bonds,
Real estate (for banking pur
poses),
.......................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank on interest,
Expense account,
Cash on hand....................................
*
L ia b ilit ie s .
$54,000
126,600
9,000
40,000
4,000
00
00
00
00
00
35.000
15,070
436,890
232,400
00
00
00
00
10.000
46,137
159
4,271
00
48
45
07
Deposits, .
Guaranty fund,
Profit and loss account,
Premium account, .
$1,013,528 00
$892,314 02
42,660 14
70,322 84
8,231 00
$1,013,528 00
Cash on Deposit in B a n k : —
First National Bank, Newburyport.............................................................................$46,137 48
Loan on Bank Stock: —
On 116 shares Lake National Bank, W olfboro’, N .H .,
.
.
.
.
$9,000 00
Loan on Railroad Bonds : —
On $4,000 Boston & Albany R .R . 7s...........................................................................$4,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. D oc
R E P O R T O F TH E
402
Detailed Statement o f Public Funds.
Par Value.
City of Cleveland, Ohio, 4s,
of Bangor, Me , 6s, .
of Boston, Mass , 3ts,
.
Estimated
Market Value.
Amount Invested.
$4,000
10,000
40,000
$3,973 33
11,250 00
39,666 67
$4,000 00
10,000 00
40,000 00
$54,000
$54,890 00
$54,000 00
Detailed Statement o f Bank Stocks.
vO
- cao.
O«
Par Value.
^ cc
10
60
33
17
8
80
13
18
50
42
74
33
50
5
50
10
25
15
44
10
10
23
37
10
12
158
33
24
56
56
100
60
70
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston,
National City Bank, Boston, .
Columbian N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Com
monwealth, Boston,
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Nat1! Exchange Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
New England N’l B’k, Boston,
N’l B’k of No America, Boston,
N’l B’k of the Republic, Boston,
National Revere Bank, Boston,
Shawmut Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
First N’l B’k, Newburyport, .
Mechanick’s National Bank,
Newburyport,
Ocean N’ l B'k, Newburyport, .
Shoe & Leather N’l B’k, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$1,000
6,000
3,300
1,700
800
8,000
1,300
1,800
$1,417
7,290
3,300
1,904
1,032
7,680
1,394
2,299
50
00
00
00
00
00
25
50
$1,000
6,000
3,300
1,700
800
8,000
1,300
1,800
00
00
00
00
00
00
00
00
5,000
4,200
7,400
3,300
5,000
500
5,000
1,000
2,500
1,500
4,400
1,000
1,000
2,300
3,700
1,000
1,200
15,800
3,300
2,400
5,600
5,600
9,250
5,460
7,622
4,0265,175
681
5,000
1,220
3,100
1,657
4,400
1,640
1,235
3,680
3,922
1,260
1,272
16,807
3,366
3,366
5,600
7,168
00
00
00
00
00
87
00
00
00
50
00
00
00
00
00
00
00
25
00
00
00
00
5,000
4,200
7,400
3,300
5,000
500
5,000
1,000
2,500
1,500
4,400
1,000
1,000
2,300
3,700
1,000
1,200
15,800
3,300
2,400
5,600
5,600
00
00
00
00
00
00
00
00
i0
00
00
00
00
00
00
00
00
00
00
00
00
00
10,000
3,000
7,000
12,300 00
3,900 00
6,510 00
10,000 00
3,000 00
7,000 00
$126,600 $145,935 87
$126,600 00
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
403
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 5s, .
Concord & Montreal R.R. 4s, .
Estimated
Market Value.
Amount Invested.
$15,000
25,000
$15,425 00
25,666 67
$15,000 00
25,000 00
$40,000
$41,091 67
$40,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$5,000 00
41,137 48
10,000 00
Kate.
Amount.
Rate.
Amount.
2 per cent.
4
“
4|
“
$205,000 00
26,500 00
130,850 00
5 per cent.
5i
“
5£
“
$307,040 00
4,500 00
8,400 00
Kate.
6 per cent.
6i
“
7
Amount invested in real estate for banking p u r p o se s,.......................................
Estimated value of the s a m e , ..............................................................................
Assessed value of the s a m e , .......................................................................................
Net income received from same during year ending Oct. 31, 1891,
Value, by books, o f other real estate held or owned by foreclosure or
o t h e r w i s e ,.....................................................................................................................
$35,000
35.000
33.000
1,612
00
00
00
91
Assessed value of the s a m e , ........................................................................................
15,070 00
34,900 00
Number o f loans which are of an amount not exceeding $3,000 each, 252
Aggregate amount of the s a m e , .............................................................................
Total number of loans upon real e s t a t e , ................................................ 277
265,490 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1891...............................................................................
11,570 00
51,005 31
Times for the dividends fixed by the b y-law s: first Monday in May and
November.
Rate and amount of each semi-annual dividend during the ] 2^ per cent., r
year ending Oct. 31, 1891, .
.
.
.
.
.
. J 2 per cent., {
Number of accounts opened during the year ending Oct. 31, 1891,
308
Number of accounts closed during the year ending Oct. 31, 1891,
. 175
Total number of open accounts Oct. 31, 1891.......................................3,013
19,321 71
16,253 74
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive o f t a x e s ) ,..........................................................................................................
2,265 22
Amount of deposits, not including dividends, received during the year end
ing Oct. 31,1891...............................................................................................................
148,156 30
Number of s a m e , ........................................................................................1,381
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 1 , .....................................................................................................................
Number o f s a m e , ........................................................................................ 1,171
Date of examination by commissioner: September 4.
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Federal Reserve Bank of St. Louis
110,827 05
REPORT OF THE
404
Co m m o n w ea lth
E ssex,
of
[P u b . D o c .
M a s sa c h u s e t t s .
ss .
N o v . 18, 1891.
Personally appeared J. A . Maynard, Treasurer of the Newburyport Five Cents
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a
true and correct statement of all the resources and liabilities of said institution,
and that the answers made by him to the foregoing interrogatories contain the whole
truth in reference to the matters to which they relate, according to his best knowledge
and belief.
Before me,
E ssex,
ss .
F r a n c is 0 . P
ik e
,
Justice o f the Peace.
N o v . 18, 1891.
Personally appeared Eben Sumner, President, and P. H . Blumpey, John J. Currier,
W . F . Houston, A . W . Greenleaf, W m . R . Johnson, and J. V . Felker, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
F r a n c is 0 . P i k e , Justice o f the reace.
N o . 8.
S A Y IN G S B A N K C O M M IS S IO N E R S .
405
NEW TON SAVINGS BANK —NEW TON.
Incorporated June 17, 1831.
Present number o f corporators, 16.
G e o r g e H y d e , President.
S u san n a M . D u n c k l e e , Treasurer.
C h a s . A . M in e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
J. F . C. H y d e ,
G eorge H y d e ,
Sa m u e l M . J a c k s o n .
Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 1 p .m .
B alan ce Sh e e t , October
to 12
m .,
2 to 4
p .m ,
;
31, 1891.
L ia b ilit ies .
A ssets .
Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Cash on hand,
.
.
.
.
a .m .
$108,000
30,350
109,000
1,393,015
384,277
00
00
00
70
22
20,000
17,617
2,500
242
3,176
00
45
00
71
63
Deposits, .
Guaranty fund,
Interest account,
$1,955,677 57
45,660 00
66,842 14
$2,068,179 71
$2,068,179 71
‘
Cash on Deposit in Banks, amount in each: —
Newton National Bank, N e w t o n ,.............................................................................. $58,824 50
Wachusett National Bank, F itc h b u rg ,.....................................................................
3,398 33
Mechanics’ National Bank, B o s t o n , .....................................................................
7,894 62
Detailed Statement o f Public Funds.
Par Value.
City of Newton, Mass , 5s,
of Worcester, Mass , 5s, .
of Cleveland, Ohio, 6s, .
of Cleveland, Ohio, 5s, .
of Bangor, Me , 6s, .
of Lewiston, Me.. 6s,
Town of Franklin, N. H., 4s, .
of Needham, Mass , 4s,
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Federal Reserve Bank of St. Louis
$50,000
5,000
6,000
19,000
6,000
2,000
5,000
15,000
Estimated
Market Value.
$56,500
5,600
6,300
19,230
6,300
2,300
5,000
15,000
00
00
00
00
00
00
00
00
Amount Invested.
$50,000
5,000
6,000
19,000
6,000
2,000
5,000
15,000
00
00
00
00
00
00
00
00
$108,000 $116,230 00 $108,000 00
REPORT OF THE
406
[P u b . D o c .
Xo. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
10
50
30
Cambridge N’l B’k, Cambridge,
Commercial N’l Bank, Boston,
National Bank of the Com
monwealth, Boston,
25 Globe National Bank, Boston,
70 Lincoln Nat’l Bank, Boston, .
25 Natick National Bank, Natick,
15 Newton Nat’l Bank, Newton, .
30 National Revere Bank, Boston,
South Framingham N’l Bank,
South Framingham, .
6 State National Bank, Boston, .
25 Wachusett N’l B’k, Fitchburg,
3 Waltham N’l Bank, Waltham,
15 Winthrop Nat'l Bank, Boston,
$1,000
5,000
Estimated
Market Value.
$1,800 00
4,800 00
Amount Invested.
$1,000 00
5,000 00
3,000
2,500
7,000
2,500
1,500
3,000
5,550
2,500
7,682
3,250
1,200
3,180
00
00
50
00
00
00
3,000
2,500
7,000
2,500
1,500
3,000
00
00
00
00
00
00
25
6t)0
2,500
225
1,500
25
729
5,000
336
1,710
00
00
00
00
00
25
600
2,500
225
1,500
00
00
00
00
00
$30,350
$37,762 50
$30,350 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R R. 5s,
Boston & Lowell li R. 4s,
Fitchburg R R 7s, .
Fitchburg R R 5s, .
Portland & Ogdensburg R.R. 6s,
Lowell & Lawrence R R. 6s, .
Leeds & Farmington RR. 6s, .
Old Colony R.R. 7s,.
Maine Central R R 7s,
Maine Central R R 6s,
Portland & Kennebec R R 6s,
$4,000
21,000
1,000
27,000
20,000
10,000
1,500
4,000
7,000
6,000
7,500
Estimated
Market Value.
$4,240
21,000
1,050
29,100
23,000
11,000
1,605
4,200
9,450
6,900
7,875
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$4,000
21,000
1,000
27,000
20,000
10,000
1,500
4,000
7,000
6,000
7,500
00
00
00
00
00
00
00
00
00
00
00
$109,000 $119,420 00 $109,000 00
Total Amount o f Loans loith Each Specified Rate o f Interest.
Amount.
$6,324 50
7,894 62
23,398 33
Rate.
2 per cent.
3
4
“
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Federal Reserve Bank of St. Louis
Amount.
Rate.
Amount.
$953,319 47
133,200 00
568,056 92
5 per cent.
H
“
5è
“
$122,316 53
400 00
Rate.
6 per cent.
7
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
407
Number of loans which are of an amount not exceeding $3,000 each, 233
Aggregate amount of the s a m e ; .............................................................................. $391,675 95
Total number of loans upon real e s t a t e , ................................................. 335
Amount of investments from which no income is received, .
.
.
.
4,916 53
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
123,268 89
Times for the dividends fixed by the b y-la w s: January 1 and July 1.
Rate and amount o f eachsemi-annual dividend during the ) 2 per cent., r 34,724 34
year ending Oct. 31, 1 8 9 1 , ...........................................................) 2 per cent., {
35,918 53
Number o f accounts opened during the year ending Oct. 31, 1891,
. 811
Number of accounts closed during the year ending Oct. 31, 1891,
. 508
Total number of open accounts Oct. 31, 1891,
.
.
.
.
7,593
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) , ..........................................................
6,630 52
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1891.......................................................................................................
403,772 35
Number o f s a m e , .......................................................................................6,968
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 ,1 8 9 1 ,.............................................................................................................................
354,057 05
Number of s a m e , .......................................................................................4,700
Date of examination by commissioner: May 28.
Co m m o n w ea lth
M id d l e s e x ,
of
M assa ch u setts.
N e w t o n , N ov . 13, 1891.
ss .
Personally appeared Susanna M . Duncklee, Treasurer o f the Newton Savings Bank,
and made oath that the foregoing statement, by her subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by her to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to her best knowledge and belief.
Before me,
M id d l e s e x ,
B e n j . F . B a c o n , Justice o f the Peace.
N e w t o n , N ov . 13, 1891.
ss .
Personally appeared George Hyde, President, and Jas. F . C. Hyde, ¥ m . Henry
Brackett, Chas. A . Miner, Samuel M. Jackson, Chas. E . Billings, Francis Murdock and
Joseph N. Bacon, trustees of said corporation, and severally made oath that the annexed
report is correct, according to their best knowledge and belief.
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Federal Reserve Bank of St. Louis
Before me,
B e n j . F . B a c on , Justice o f the Peace.
[P u b . D o c
REPORT OF THE
408
NORTH ADAMS SAVINGS B A N K —NORTH ADAMS.
Incorporated April 26, 1848.
Present number of corporators, 29.
A . C. H o u g h t o n , President.
V . A . W h i t a k e k , Treasurer.
V . A . W h i t a k e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A . B. W
G eorge L. R ic e ,
W . H . Gaylord.
r ig h t ,
Open for business every business day, except Saturday, 9
9 a . m to 6 p .m .
B a la n c e S h e e t , O ctober
to 4
p .m . ;
Saturday,
31, 1891.
L ia b il it ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking purposes),
.......................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Deposits in banks, noton interest,
Expense account,
Interest account,
In su ra n c e ,.......................................
Cash on hand,
.
.
.
.
a .m .
$202,800
33,400
10,950
20,000
00
00
00
00
17.008
26,057
1,208,177
229,070
58
81
80
33
211,000
32,312
7,804
642
22,018
210
2,622
00
80
90
86
81
00
93
$2,024,076 82
Deposits, .
Guaranty fund,
Undivided earnings,
State tax account, .
$1,946,576
60,000
15,000
2,500
82
00
00
00
$2,024,076 82
Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, B o s t o n , ................................................. $2,312 80
Adams National Bank, North A d a m s ,.....................................................................
34,243 98
Berkshire National Bank, North A d a m s , ...........................................................
3,560 92
Loans on Bank Stock, ambunt on each: —
On 137 shares Adams National Bank, North A d a m s ,........................................$10,500 00
On 5 shares Pittsfield National Bank, P ittsfie ld ,.................................................
450 00
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Federal Reserve Bank of St. Louis
N o . 8 .]
S A V IN G S B A N K C O M M IS S IO N E R S
409
Detailed Statement of Public Funds.
V
Town of Adams, Mass, 6s,
City of Bangor. Me , 6s, .
of Cambridge, Mass , 6s,
of Cleveland. Ohio, 7s, .
of Dayton, Ohio, 4s,
of Fail River, Mass , 6s, .
of Lowell. Mass., 4s,
of Lynn, Mass., 6s, .
of New Bedford, Mass , 6s,
of Norwich, Conn., 4s, .
Town of Plymouth, Mass , 4s,
City of Portland, Me., 6s,
of Providence, R I , os, .
of Terre Haute, Ind , 5s,
of Woonsocket, R. I., 4s,
Par Value.
Estimated
Market Value.
$3,000
5,000
5,000
25,000
20,000
11,000
10,000
1,000
1,000
25,000
33,800
5,000
18,000
. 10,000
30,000
$3,120
5,400
5,050
26,750
20,500
13,520
10,350
1,050
1,100
25,100
34,650
6,325
19,620
10,350
30,850
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$202,800 $213,735 00
*A
Amount Invested.
$3,000
5,000
5,000
25,000
20,000
11,000
10,000
1,000
1,000
25,000
33,800
5,000
18,000
10,000
30,000
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
$202,800 00
legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
14
250
20
50
Par Value.
Lee National Bank, Lee,
Adams Nat’l Bank, No. Adams,
Berkshire N’l B’k, No. Adams,
Pittsfield Nat’l Bank, Pittsfield,
$1,400
25,000
2,000
5,000
$33,400
Estimated
Market Value.
$1,890
31,250
2,000
8,000
00
00
00
00
$43,140 00
Amount Invested.
$1,400
25,000
2,000
5,000
00
00
00
00
$33,400 00
Detailed Statement o f Railroad Bonds.
Par Value.
$20,000
Fitchburg R R. 4s, .
Estimated
Market Value.
Amount Invested.
$18,000 00
$20,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$2,312 80
230,000 00
Kate.
Amount.
Rate.
Amount.
2^ per cent.
4
“
$90,000 00
1,123,172 29
4£ per cent,
i)
“
$246,025 84
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
6 per cent.
410
R E P O R T O F TH E
[Pub. D oc.
$17,008 58
Amount invested in real estate for banking p u r p o se s,.......................................
35.000 00
Estimated value of the s a m e , ..............................................................................
26.000 00
Assessed value of the s a m e ,........................................................................................
Value, by books, of other real estate held or owned by foreclosure or
26,057 81
otherwise............................................................................................................................
22,350 00
Assessed value of the s a m e ,........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 344
373,572 67
Aggregate amount of the same......................................................................................
Total number o f loans upon real e s t a t e , ................................................. 385
2 ,G00 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during
96,115 84
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
35,223 27
Rate and amount o f each semi-annual dividend during the i 2 per cent., r
36,169 24
year ending Oct. 31, 1 8 9 1 , ...........................................................J 2 per cent., [
Number of accounts opened duringthe year ending Oct. 31, 1891,
1,235
Number of accounts closed duringthe year ending Oct. 31, 1891,
1,096
Total number of open accounts Oct. 31, 1891,
.
.
.
.
5,836
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
7,701 45
clusive o f taxes)..............................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
464,743 86
Number of s a m e , ................................................................................ 6,775
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1891......................................................................................................................
448,216 57
Number of s a m e , ................................................................................ 4,891
Date of examination by commissioner: September 28.
,
B e r k s h i r e , ss.
Com m onw ealth
of
M assa ch u setts.
N ov. 9, 1891.
Personally appeared V A . Whitaker, Treasurer o f the North Adams Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
B e r k s h i r e , ss.
C . F . L u t h e r , Justice o f the Peace.
N o v . 16, 1891.
Personally appeared A. C. Houghton, President, and E . S. Wilkinson, N . L. Millard,
G. L. Rice, C. H . Cutting, Arthur Robinson, W m . A. Gallup and A . B. Wright, trustees
o f said corporation, and severally made oath that the annexed report is correct, ac
cording to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
C. F . L u t h e r , Justice o f the Peace.
No. 8 .]
SA Y IN G S B A N K COM M ISSION ERS.
411
NORTHAMPTON INSTITUTION FOR SAVINGS — NORTH
AMPTON.
Incorporated March 1, 1812.
Present number of corporators, 17.
H . G. K n i g h t , President.
L. M a l t b y , Treasurer.
T . G. S p a u l d in g , Clerk o f
th e
Corporation.
Names of committee charged with the investment of its funds:
L. M a l t b y ,
O sc a r E d w a r d s ,
J. S. L ath hop.
Open for business every business day, 9
a .m .
to 3
p .m .
B a l a n c e S h e e t , O c t o b e r 31, 1891.
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad stocks, .
Real estate (for banking pur
poses),
.......................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand....................................
L ia b ilit ie s .
$341,000
56,500
25,785
450,000
1,500
00
00
35
00
00
18,000
4,730
916,667
761,784
610
109,119
5,051
00
00
12
00
00
41
66
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$2,533,466 34
128,000 00
29,281 20
$2,690,747 54
$2,690,747 54
Cash on Deposit in Banks, amount in each: —
Northampton National Bank, Northampton,
Globe National Bank, B o s t o n , .......................................
.
$103,413 62
5,705 79
Loans on Bank Stock, amount on each: —
On
On
On
On
On
On
4 shares Northampton National Bank, Northampton,
20 shares Northampton National Bank, Northampton,
10 shares Northampton National Bank, Northampton,
19 shares First National Bank, Northampton,
10 shares First National Bank, Northampton,
5 shares First National Bank, Northampton, .
On 37 shares First National Bank, Northampton,
On 3 shares First National Bank, Northampton, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$400 00
2,000 00
j
2,665 35
600
225
3,700
300
00
00
00
00
412
R E P O R T O F TH E
[Pub. D oc.
On 14 shares First National Bank, N o r t h a m p t o n , ....................................... $1,070 00
On
On
On
On
On
On
On
On
On
5 shares First National Bank, N ortham pton,................................................. I
g5 Q
10 shares Hampshire County National Bank, Northampton, .
.
. i
2 shares Hampshire County National Bank, Northampton, .
.
.
100 shares First National Bank, E a s t h a m p t o n ,......................................
10 shares First National Bank, E a s t h a m p t o n , ........................................
10 shares First National Bank, E a s t h a m p t o n , .......................................
10 shares First National Bank, E a s t h a m p t o n , .......................................
10 shares W are National Bank, W a r e , ...........................................................
5 shares Williamstown National Bank, Williamstown, .
.
.
.
100 00
10,000 00
1,000 00
1,000 00
675 00
1,000 00
400 00
qq
Loans on Railroad Stock, amount on each: —
On 9 shares Boston & Albany R . R . , ...................................................................$800
On 9 shares Connecticut River R . R . , ...................................................................
700
00
00
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 4s,
Town of Meriden, Conn., 4ts,
of Meriden, Conn., 6s,
City of Milwaukee. Wis., 7s,
of Dayton, Ohio, 5s,
of Providence, R .1, 4s,
.
.
.
.
Estimated
Market Value.
Amount Invested.
$200,000 $208,520 00 $200,000 00
40.000 00
42,728 00
40.000
20.000 00
22,578 00
20.000
7,000 ('0
8,677 00
7,000
24.000 00
25,490 00
24.000
50.000 00
51,750 00
50.000
$341,000
$359,743 00
$341,000 00
No. of
Shares.
Detailed, Statement of Bank Stocks.
29
53
15
10
105
20
27
50
26
17
17
20
20
100
16
40
Par Value.
Atlantic Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
Nat’l Exchange Bank, Boston,
First National Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of No. America, Boston,
Second Nat’l Bank, Boston, ,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Nat’l Webster Bank, Boston, .
Northampton National Bank,
Northampton,
First N’l Bank, Northampton,
City Nat’l Bank, Worcester, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$2,900
5,300
1,500
1,000
10,500
2,000
2,700
5,000
2,600
1,700
1,700
2,000
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$2,900
5,300
1,500
1,000
10,500
2,000
2,700
5,000
2,600
1,700
1,700
2,000
2,000
$4,089
5,936
2,775
1,360
25,305
3,000
3,348
9,250
3,276
2,057
1,700
2,380
2,000
10,000
1,600
4,000
17,000 00
2,000 00
5,720 00
10,000 00
1,600 00
4,000 00
$56,500
$91,196 00
$56,500 00
No. 8 .]
413
SA V IN G S B A N K COM M ISSION ERS.
Detailed Statement of Railroad Bonds.
Par Value.
Boston & Albany R R . 7s,
Boston & Albany R R. 6s,
Boston & Lowell R R. 7s,
Boston & Maine R R. 7s,
Fitchburg R.R. 5s, .
Boston & Albany R R. 5s,
Old Colony R R. 4s,
.
.
.
Estimated
Market Value.
Amount Invested.
$100,000 $100,750 00 $100,000 00
42,800 00
40.000
40.000 00
40.000 00
43,700 00
40.000
70.000 00
73,850 00
70.000
108,830 00
100,000 00
100,000
54,815 00
50.000 00
50.000
51,500 00
50.000
50.000 00
$450,000
$476,245 00
$450,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
2£ per cent.
3
$59,574 00
1,085,457 47
375,000 00
4^ per cent.
Amount.
$5,705 79
103,413 62
7,150 00
4
“
5
54
Amount.
$75,600 00
15,000 00
88,565 00
“
“
Rate.
5^ per cent.
5|
“
6
“
Amount invested in real estate for banking purposes..........................................
Estimated value of the s a m e , ..............................................................................
Assessed value o f the same.............................................................................................
Net income received from same during year ending Oct. 31, 1891,
Value, by books, o f other real estate, held or owned by foreclosure or
$18,000
25,000
19,500
350
00
00
00
00
o t h e r w i s e ,....................................................................................................................
Assessed value of the s a m e , .......................................................................................
Net income received from same during year ending Oct. 31, 1891,
Number of loans which are of an amount not exceeding $3,000 each, 353
4,730 00
4,400 00
230 00
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate........................................................... 362
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 ,........................................................................................
Times for the dividends fixed by the by-law s: first Wednesday in April
451,993 47
and October.
Rate and amount of each semi-annual dividend during the i 2 per cent., |
year ending Oct. 31, 1 8 9 1 , ...........................................................} 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
1,007
Number of accounts closed during the year ending Oct. 31, 1891,
. 974
Total number of open accounts Oct. 31, 1891,
.
.
.
.
6,473
Total expenses o f the corporation for the year ending Oct. 31, 1891
134,038 14
48,078 29
48,371 64
(exclusive of taxes), ..................................................................................................
Amount of deposits, not including dividends, received during the year
8,818 20
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , ........................................................................................5,089
Amount of withdrawals, including dividends, during the year ending
372,166 85
Oct. 31, 1 8 9 1 , ...........................................................
Number of s a m e , ...........................................................
Date of.examination by commissioner: Augus 4.
399,015 01
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
•
.
4,704
414
R E P O R T O F TH E
C om m onw ealth
H a m p s h ir e ,
ss.
of
[Pub. D oc.
M a s sa c h u s e t t s ,
N ov . 5, 1891.
Personally appeared L . Maltby, Treasurer of the Northampton Institution for Savings,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities o f said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
H a m p s h ir e ,
ss .
S. D . D r u r y , Justice o f the Peace.
Nov. 5, 1891,
Personally appeared H . G. Knight, President, and M . M . French, Oscar Edwards,
J. S. Lathrop, Charles N . Clark and Oliver Walker, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S. D . D r u r y , Justice o f the Peace.
No. 8.]
s a v in g s ' b a n k
c o m m is s io n e r s .
415
NORTH AVENUE SAVINGS BANK — CAMBRIDGE.
Incorporated March 7, 1872.
Present number of corporators, 30.
Samuel F. W oodbridge, President.
Milton L. W alton, Treasurer.
George W . Parke, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Samuel F. W oodbridge,
R ussell S. E dwards,
Charles F. Stratton,
John J. H enderson,
W m . Fox R ichardson.
Open for business Monday, Wednesday and Saturday, 9 a .m . to 1 p.m. ;
also Saturday, 6 to 8 p .m.
B alance
Sh e e t , O c t o b e r
A ssets .
31,1891.
L ia b ilit ie s .
Public funds as per schedule, .
Bank stock as per schedule.
Railroad bonds as per schedule,
Loan on raiload stock,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Suspense account,
Cash on hand....................................
$5,000
3,350
5,000
4,000
186,815
93,465
10,121
41
2,441
00
00
00
00
00
00
63
75
16
Deposits, .
Guaranty fund,
Profit and loss account, .
$310,234 54
$294,754 32
5,500 00
9,980 22
$310,234 54
Cash on Deposit in Banks, amount in each: —
Howard National Bank, Boston, .
Faneuil Hall National Bank, Boston,
$1,617 20
8,504 43
.
Loan on Railroad Stock :—
On 51 shares on Concord & Montreal R .R ., .
$4,000 00
Detailed Statement o f Public Funds.
United Slates 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
$5,000
$5,850 00
Amount Invested.
$5,000 00
416
[Pub. D oc.
R E P O R T OF TH E
No. of
Shares.
Detailed Statement o f Bank Stocks.
20
15
Blackstone Nat’l B’k, Boston,
First NT Bank, Marlborough,
Par Value.
Estimated
Market Value.
$2,000
1,500
$2,000 00
1,650 00
$2,000 00
1,350 00
$3,500
$3,650 00
$3,350 00
Amount Invested.
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R 5s, .
Old Colony R.R 4s,
Estimated
Amount Invested.
Market Value.
$2,000
3,000
$2,120 00
3,030 00
$2,000 00
$5,000
$5,150 00
$5,000 00
3 ;o o o o o
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
2£ per cent.
3
$128,490 00
89,190 00
5£ per cent.
6
Amount.
$1,617 20
8,504 43
62,900 00
5
Amount.
$1,100 00
2,600 00
Rate.
6J per cent.
7
»
Number of loans which are o f an amount not exceeding $3,000 each, 101
Aggregate amount of the s a m e , ............................................................................. $124,830 00
Total number o f loans upon real e s t a t e , ................................................ 102
Gross amount of interest or profits received or earned, as per books, dur
15,676 31
ing year ending Oct. 31, 1891, ..............................................................................
Times for the dividends fixed by the by-laws : January 10 and July 10.
5,066 56
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
5,088 78
year ending Oct. 31, 1891................................................................ 1 2 per cent., 1
Number o f accounts opened during the year ending Oct. 31, 1891,
. 354
Number of accounts closed during the year ending Oct. 31,1891,
. 204
Total number of open accounts Oct. 31, 1891,
.
.
.
.
1,556
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
1,857 63
clusive of ta x e s ),..........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , .......................................................... .........
Number o f s a m e , .......................................................................................2,174
Amount of withdrawals, including dividends, during the year ending Oct.
101,327 76
31, 1 8 9 1 , ....................................................................................................................
Number of s a m e , ....................................................................................... 1,139
Date of examination by commissioner: March 9.
91,285 23
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
Commonwealth
M id d l e s e x ,
ss .
op
417
Massachusetts.
N ov . 14, 1891.
Personally appeared Milton L. Walton, Treasurer of the North Avenue Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Middlesex ,
ss.
George W . Parke, Justice o f the Peace.
N ov . 14, 1891.
Personally appeared Samuel F . Woodbridge, President, and Russell S. Edwards,
Charles F . Stratton, John J. Henderson, Daniel Fobes and Sylvanus M . Parsons, trustees
of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
George W . Parke, Justice o f the Peace.
418
[Pub. D oc.
R E P O R T O F TH E
WORTH BROOKFIELD SAVINGS BANK — WORTH
BROOKFIELD.
Incorporated Feb. 28, 1854.
W
m.
Present number of corporators, 27.
H . Montague, President.
Charles E. B atcheller, Treasurer.
Bonum N ye , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
m . H . Montague,
Luther P. D eLand,
George R . Hamant,
Frank A . Smith.
W
Open for business every business day, 9 a .m. to 1 p . m ., 2 to 4 p m .
B a la n c e Sh e e t , O cto ber
L iab ilit ies .
A ssets .
Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans to counties, cities or towns
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
31, 1891.
$74,500
1,000
1,400
158,000
38,987
327,293
00
00
00
00
64
40
9,000
100
19,522
93
682
00
00
26
48
03
Deposits, .
Guaranty fund,
Interest account,
Profit and loss
count, .
$584,734 97
30,400 00
6,143 84
ac
9,300 00
$630,578 81
$630,578 81
Cash on Deposit in Banks, amount in each : —
.
Maverick National Bank, Boston,
First National Bank, Worcester, .
Chelsea Savings Bank, Chelsea,
Essex Savings Bank, Lawrence, .
Boston Five Cents Savings Bank, Boston,
.1
$14,591 75
2,698 17
2,232 34*
.
Loan on Public Funds : —
On $1,000 United States 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* Taken to secure indebtedness and since collected.
$1,000 00
No. 8.]
419
SA Y IN G S B A N K COM M ISSION ERS
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 6s,
of Cambridge, Mass., 6 s ,.
of Cleveland, Ohio, 6s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 7s, .
of Fort Wayne, Ind , 6s, .
of Milwaukee, Wis., 7s, .
State of New Hampshire 6s, .
City of Providence, R I , os, .
of Portsmouth, N. H., 6s,
of Salem, Mass , 5s,
of South Norwalk, Conn., 6s, .
of Springfield, Ohio, 5s, .
Estimated
Market Value.
$16,000
2,000
7,000
1,000
3,000
16,000
1,000
1,500
7,000
5,000
2,000
5,000
8,000
$17,410
2,030
7,593
1,099
3.278
18,027
1,239
1,724
7,810
5,550
2,247
5,298
8,563
70
00
50
50
40
20
60
60
00
00
60
00
90
$74,500
$81,873 00
Amount Invested.
$16,000
2,000
7,000
1,000
3,000
16,000
1,000
1,500
7,000
5,000
2,000
5,000
8,000
00
00
00
00
00
00
00
00
00
00*
00
00
00
$74,500 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
4
10
Ware National Bank, Ware, .
Eliot National Bank, Boston, .
Par Value.
Estimated
Market Value.
$400
1,000
$460 00
1,340 00
$400 00
1,000 00
$1,400
$1,800 00
$1,400 00
Amount Invested.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R, 7s,
Boston & Albany RR. 6s,
Boston & Providence R R 7 s,.
Boston & Maine R R 7 s ,.
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston, Winthrop & Shore R.R. 5s,
Conn. &Passumpsic Rivers R.R. 7s,
Eastern R.R 6s,
. . .
New Bedford R R. 7s,
Old Colony R.R. 6 s,.
Old Colony R R. 7s,.
Portland & Ogdensburg R.R, 6s, ' .
Maine Central R.R 6s, .
Maine Central R.R 7s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$15,000
7,000
8,000
31,000
$16,462
7,490
8,320
32,405
50
00
00
00
$15,000
7,000
8,000
31,000
00
00
00
00
5,000
5,000
10,000
27,000
5,000
8,000
2,000
25,500
6,500
3,000
5,650
5,486
10,300
33,480
5,350
8,618
2,114
28,962
7,382
3,495
00
00
00
00
00
00
00
90
70
00
5,000
5,000
10,000
27,000
5,000
8,000
2,000
25,500
6,500
3,000
00
00
00
00
00
00
00
00
00
00
$158,000 $175,516 10 $158,000 00
R E P O R T O F TH E
420
[Pub. D oc.
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$14,591 75
2,698 17
2,232 34
Rate.
2£ per cent.
3
4
“
Amount.
Rate.
$9,000 00
1,000 00
5
per cent.
“
Amount.
Rate.
$327,293 40
100 00
5J per cent.
6
Value, by books, of real estate held or owned by foreclosure or otherwise,
$38,987 64
Assessed value of the s a m e , .......................................................................................
43,230 00
Net income received from same during year ending Oct. 31, 1891,
.
.
1,391 02
Number of loans which are of an amount not exceeding $3,000 each, 223
Aggregate amount of the s a m e , ...............................................................................
236,343 40
Total number of loans upon real e s t a t e , ................................................. 243
Amount of investments from which no income is received, .
.
.
.
4,500 00
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1891,
..............................................................................
34,137 54
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend during the t 2| per cent., j
12,021 89
year ending Oct. 31, 1 8 9 1 , ...........................................................j 2 per cent., t
10,864 06
Number of accounts opened during the year ending Oct. 31, 1891,
. 261
Number of accounts closed during the year ending Oct. 31, 1891,
. 196
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,018
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) , ..................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1891........................................................................................................
1,306 20
101,653 91
Number of s a m e , .................................................................................................. 1,667
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891....................................................................................................................................
Number of s a m e , ......................................................................................................987
Date of examination by commissioner: January 26.
Co m m o n w e a l t h
W
orcester,
of
99,87181
M assa ch u setts.
ss.
N ov. 21, 1891.
Personally appeared Charles E . Batcheller, Treasurer of the North Brookfield Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities o f said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
W
H ir a m K n i g h t , Justice o f the Peace.
o r c e s t e r , ss .
N ov . 23, 1891.
Personally appeared Charles Duncan, Vice-President, and Geo. R . Hamant, E . D .
Batcheller, Sumner Holmes, Frank A . Smith and Brainerd H. Smith, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H ir a m K
n ig h t ,
Justice o f the Peace.
No. 8 .]
SA Y IN G S B A N K CO M M ISSION ERS.
421
NORTH EASTON SAVINGS BANK — NORTH EASTON.
Incorporated Feb. 8, 1864.
Present number of corporators, 26.
F r e d e r ic k L. A m e s , President.
C. It. F i e l d , Treasurer.
C. R . F i e l d , Clerk o f the Corporation.
Names o f committee charged with the investment of its fu n d s:
F r e d e r ic k L. A m e s ,
L e a v it t L . B e r r y ,
Cyrus L othrop,
W . K . Go w a r d .
Open for business every business day, 9
Balance
a .m .
Sh e e t , O c t o b e r
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand,
.
.
.
.
to 12
m .,
1.30 to 3
p .m .
31, 1891.
L iab ilities .
$108,185
108,789
11,500
51,592
3,090
313,055
148,850
00
26
00
22
42
96
00
6,000
5,971
15,694
83
300
00
59
97
33
61
Deposits, .
Guaranty fund,
Profit and loss
count, .
$773,113 36
$735,328 21
27,728 87
ac
10,056 28
$773,113 36
Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, B o s t o n , .................................................$5,971 59
First National Bank, Easton..........................................................................................
15,694 97
Loans on Bank Stock, amount on each : —
On 76 shares First National Bank, Easton, .
On 36 shares Merchants’ National Bank, New Bedford,
On 15 shares First National Bank, Easton, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•I $10,000 00
1,500 00
[Pub. Doc
R E P O R T O F TH E
422
Detailed Statement of Public Funds.
Par Value.
Town of Beverly, Mass , 4 s , .
City of Bangor, Me , 6s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
Town of Greenfield, Mass , 4s,
of Marlborough, Mass , 4s, .
of Montague, Mass , 4s,
of North Easton (Village District), Mass., 4s,
of Randolph, Mass , 4s,
of Stoughton, Mass ,4s,
$15,000
8,000
6,000
6,000
10,000
1,000
10,000
Estimated
Market Value.
$15,525
8,840
6,060
6,000
10,000
1,035
10,200
00
00
00
00
00
00
00
Amount Invested»
$15,000
6,960
6,000
6,000
10,000
1,000
10,000
00
00
00*
00
00
00
00
80,000
15,000
8,000
30,450 00
15,900 00
8,000 00
30,225 00
15,000 00
8,000 00
$109,000
$112,010 00
$108,185 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
30
25
25
25
20
25
57
78
50
25
90
25
25
25
25
25
50
38
7
75
100
66
38
Par Value.
Traders’ Nat’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Tremont Nat’l Bank, Boston, .
Market National Bank, Boston,
National Eagle Bank, Boston,
New England N’l B’k, Boston,
National Revere Bank, Boston,
Everett Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston, .
Hamilton Nat’ l Bank, Boston,
North National Bank, Boston,
Atlas National Bank, Boston, .
Atlantic Nat’l Bank, Boston, .
State National Bank, Boston, .
National City Bank, Boston, .
Manufacturers’ N’l B’k,Boston,
N’l Hide & Leather B’k, Boston,
Bristol Co N’l Bank, Taunton,
Taunton Nat’l Bank, Taunton,
Neponset Nat’l Bank, Canton,
First National Bank, Easton, .
National City Bank, Lynn,
N’l B’k of Redemption, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,000
2,500
2,500
2,500
2,000
2,500
5,700
7,800
5,000
2,500
9,000
2,500
2,500
2,500
2,500
2,500
5,000
3,800
700
7,500
10,000
6,600
3,800
$94,900
Estimated
Market Value.
$3,030
2,500
2,875
2,500
2,180
4,175
7,467
8,424
6,500
3,050
12,960
2,975
3,550
3,175
2,525
2,700
6,350
5,472
1,015
9,768
14,000
11,880
5,282
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00
Amount Invested.
$2,880
2,375
2,700
2,300
2.180
3,325
6,726
8,658
5,800
2,950
10,485
2,878
3,750
2,693
2,765
2,375
5,500
4,560
920
8,100
10,500
9,578
4,789
00
00
00
00
00
00
00
00
00
00
00
13
00
7563
00
00
00
50
00
00
25
00
$124,353 75 $108,789 26
No. 8.]
SA Y IN G S
B AN K COM M ISSION ERS.
423
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Old Colony R.R. 4^s,
Old Colony R.R. 4s, .
Fitchburg R.R. 5s, .
Fitchburg R R. 4s, .
, Estimated
Market Value.
$31,000
1,000
5,000
5,000
10,000
$31,000
1,090
5,150
5,475
9,750
$52,000
$52,465 00
Amount Invested.
00
00
00
00
00
$31,000
1,000
5,000
5,000
9,592
00
00
00
00
22
$51,592 22
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$5,971 59
199,980 50
Rate.
Amount.
2£ per cent.
5
$94,213 46
183,266 00
Rate.
54
6
per cent.
Amount.
$1,546 00
400 00
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,........................................................................................
Net income received from same during year ending Oct. 31, 1891,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 168
Aggregate amount of the same.....................................................................................
Total number of loans upon real e s t a t e , ................................................ 193
Rate.
6£ per cent.
7
$3,090 42
3,800 00
217 36
197,705 96
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 1 , .......................................................................................
38,542 49
Times for the dividends fixed by the by-la w s: April 15 and October 15.
Rate and amount of each semi-annual dividend during the ) 2 per cent., r
13,542 44
year ending Oct. 31, 1 8 9 1 , ..........................................................I 2 per cent., |
13,833 91
Number of accounts opened during the year ending Oct.31, 1891,
. 260
Number of accounts closed during the yearendingOct. 31, 1891,
. 182
Total number of open accounts Oct. 31, 1891,
.
.
.
.
2,123
Total expenses o f the corporation for the year ending Oct. 31, 1891
(exclusive of t a x e s ) , ..................................................................................................
1 ,2 7 8 9 4
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 1 , ..................................................................................................
123,805 53
Number o f same..................................................................................... 1,432
Amount o f withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 1 , ............................................................................................................
126,431 48
Number of s a m e , ....................................................................
979
Date o f examination by commissioner : M ay 8 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
424
R E P O R T O F TH E
Commonwealth
Bristol,
ss.
of
[Pub. D oc.
Massachusetts.
North E aston, N ov. 10, 1891.
Personally appeared C. R . Field, Treasurer of the North Easton Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Bristol,
ss.
Geo. W . K ennedy, Justice o f the Peace.
N orth E aston, N ov. 10, 1891.
Personally appeared Frederick L. Ames, President, and Geo. K . Davis, Oakes A .
Ames, George Barrows, W illard K . Goward and Edwin W . Gilmore, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Geo. W . K ennedy, Justice o f the Peace.
No. 8 .]
425
SA Y IN G S B A N K COM M ISSION ERS.
NORTH END SAVINGS B A N K — BOSTON.
Incorporated Feb. 17, 1870.
Present number of corporators, 27.
T homas L. Jenks, President.
Hekbeet C. W ells, Treasurer.
W m . C. W illiamson, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
T homas L. Jenks,
A. J. Taylob,
Increase E . N oyes,
Clinton Y iles,
W illiam Robinson,
N athaniel J. R ust,
W illiam G. Shillaber.
Open for business every business day, 9 a .m . to 2 p. m. ; and Saturday, for deposits only,
until 8 p.m.
B alance
S h e e t , O c t o b e r 31, 1891.
A ssets .
L iab ilit ie s .
1
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Deposits in banks, on interest, .
Expense account,
Premium acccount,
Cash on hand,
.
.
.
.
$60,000
128,944
13,690
85,156
601,618
302,500
00
76
00
25
00
00
14,600
36,500
2,076
2,151
3,216
00
00
07
50
18
$1,250,452 76
Deposits, .
Guaranty fund,
Interest account,
$1,194,086 31
26,900 00
29,466 45
$1,250,452 76
Cash on Deposit in Banks, amount in each: —
Metropolitan National Bank, Boston,
Mechanics’ National Bank, Boston,
National Security Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$15,000 00
15,000 00
6,500 00
426
R E P O R T O F TH E
[Pub. Doc
Loans on Bank Stocks, amount on each : —
On 10 shares Windham County National Bank, Brooklyn, Conn.,
On 1 share Washington National Bank, Boston, .
.
.
.
On
On
On
On
On
$500 00
1
1 share National Bank of South Reading, Wakefield, .
3 shares Central National Bank, Boston,
.
.
.
.
5 shares Suffolk National Bank, Boston.........................................
2 shares Atlas National Bank, B o s t o n , .......................................
1 share National City Bank, Boston.................................................
On 100 shares National Bank of Methuen, Methuen,
On 50 shares Traders’ National Bank, Boston,
.
1
.
.
.
195 00
300 00
425 00
270 00
8,000 00
4,000 00
.
Detailed Statement o f Public Funds.
Par Value.
Town of Mansfield, Mass , 4s,
City of Des Moines, la., 5s,
of East Saginaw, Mich., 6s,
of Gardiner, Me , 4s,
of Boston, Mass., 4s,
Estimated
Market Value.
$10,000
8,000
15.000
2,000
25.000
$10,000
8,000
15.000
2,000
25.000
00
00
00
00
00
$60,000
$60,000 00
Amount Invested.
$10,000
8,000
15.000
2,000
25.000
00
00
00
00
00
$60,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
54
24
66
25
5
85
38
20
2
20
44
25
10
24
88
20
14
75
11
52
2
4
Par Value.
Atlas National Bank, Boston, .
Boston National Bank, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Bank of the Commonwealth, Boston, .
National Eagle Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston,
FaneuilHall N’l Bank, Boston,
First National Bank, Boston, .
Freeman’s N’l Bank. Boston, .
Globe National Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k, Boston,.
New England N’l B’k, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,
N’l B’k of Redemption, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$5,400
2,400
6,600
2,500
$6,562
2,700
6,385
3.203
00
00
50
12
$6,287
2,892
7,394
3,111
50
50
62
87
500
8,500
3,800
2,000
200
2,000
4,400
2,500
1,000
2,400
8,800
2,000
1,400
7,500
1,100
5,200
200
400
926
8,755
4,636
2,070
284
4,820
4,411
2,506
1,240
2,652
8,800
2,165
2,100
6,778
1,804
7,241
236
508
25
00
00
00
25
00
00
25
00
00
00
00
00
12
00
00
50
00
660
9,577
4,504
2,000
270
3,970
4,411
2,502
1,197
2,775
8,994
2,011
2,040
8,210
1,614
7,030
243
501
00
25
37
00
50
00
00
25
50
00
24
25
50
00
25
50
62
00
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S
427
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
34
25
37
46
10
18
25
100
26
6
3
50
10
Par Value.
National Revere Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Third National Bank. Boston,
Tremont Nat’l Bank, Boston, .
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
First National Bank, Chelsea,.
State Street Safe Deposit and
Trust Company, Boston,
$3,400
2,500
3,700
4,600
1,000
1,800
2,500
10,000
2,600
600
300
5,000
Estimated
Market Value.
$3,612
4,631
4,662
4,278
1,217
1,912
2,500
10,700
2,658
841
300
6,100
Amount Invested.
$4,390
4,005
4,517
5,805
1,237
2,137
3,237
10,121
3,360
847
317
5,767
50
25
00
00
50
50
00
00
50
50
00
00
12
50
50
00
50
25
76
99
25
50
25
42
1,000
1,000 00
1,000 00
$109,800
$125,197 74
$128,944 76
Detailed Statement o f Railroad Bonds.
Tar Value.
Boston & Maine R R. 7s, .
Fitchburg R.R. 4§s, .
.
.
Fitchburg R R. 5s, .
Fitchburg R R. 4s, .
.
Estimated
Market Value.
$20,000
21,000
20,000
25,000
$20,850
21,235
21,766
24,280
$86,000
$88,131 00
Amount Invested.
00
00
00
00
$20,000
21,000
20,000
24,156
00
00
00
25
$85,156 25
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
Amount.
Rate.
3 per cent.
$447,335 00
59,000 00
239,350 00
5 per cent.
5J
»
5é
“
$161,348 00
9,375 00
11,000 00
6 per cent.
7
8
“
Amount.
$36,500 00
3.500 00
1.500 00
3 t9o
4è
“
“
Number of loans which are of an amount not exceeding $3,000 each, 189
Aggregate amount of the same..................................................................................... $275,808 00
Total number of loans upon real e s t a t e , ................................................. 235
Gross amount o f interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the by-law s: January 1 and July 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
60,202 01
REPORT OF THE
428
[P u b . D o c .
Rate and amount o f each semi-annual dividend during the 1 2 per cent., f $19,486 97
20,663 46
year ending Oct. 31, 1 8 9 1 , ...........................................................J 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 878
Number of accounts closed during the year ending Oct. 31, 1891,
. 607
Total number of open accounts Oct. 31, 1891,
.
.
.
.
3,985
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
6,611 60
clusive of taxes),
..................................................................................................
Amount o f deposits, not including dividends, received during the year
497,676 89
ending Oct. 31, 1 8 9 1 , ..................................................................................................
Number o f same..............................................................................................5,663
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1891................................................. ..............................................................................
408,497 78
Number of same..............................................................................................4,083
Date of examination by commissioner: January 29.
C o m m o n w e a l t h of M a ssa c h u se t t s.
N o v . 11, 1891.
Su f f o l k , ss.
Personally appeared Herbert C. W ells, Treasurer of the North End Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
Before me,
J a m e s F. F a i i l e y ,
Justice o f the Peace.
N o v . 11, 1891.
Su ffo lk, ss.
Personally appeared Thomas L. Jenks, President, and Clinton Yiles, Increase E .
Noyes, W illiam Robinson, W illiam G. Shillaber and William C. Williamson, trustees of
said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Ja m es F . F a r l e y ,
Justice o f the Peace.
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
429
N O R TH M ID D L E S E X S A V IN G S B A N K — A Y E R .
Incorporated March 11, 1885.
B e n j. H . H a r t w e l l ,
Present number of corporators, 26.
President.
Treasurer.
Sa r a h T . T u ten ,
J a m es It. G r a y ,
Clerk o f the Corporation.
Names o f committee charged with the investment o f its funds:
B e n j. H. H a r t w e l l ,
L. J. S p a u l d i n g ,
A n d r ew A tw ood,
E d w i n L. W h i t e ,
A lfred P age.
Open for business every business day, 9 to 11
Bala n c e Sh e e t, O ctober
., 12.30 to 3 p .m .
31, 1891.
L ia b ilit ies .
A ssets .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Town t a x , .......................................
Interest overdue,
S u s p e n s e ,.......................................
Cash on hand....................................
a .m
$18,334
1.500
16,862
126,944
36,459
2,000
725
232
3
132
1.500
117
00
00
50
40
08
00
66
24
04
33
00
61
Deposits, .
Guaranty fund,
Interest account,
Earnings undivided,
Bills payable, .
$204,810 86
$194,482
2,500
1,994
833
5,000
76
00
29
81
00
$204,810 86
Cash on Deposit in B a n k : —
First National Bank, A y e r , ........................................................................................$2,725 66
Loans on Bank Stock, amount on each: —
On 10 shares Winchendon National Bank, Wincliendon,
.
.
.
.
On 5 shares First National Bank, A yer.....................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,000 00
500 00
[P u b . D o c .
REPORT OF THE
430
No. of
Shares.
Detailed Statement of Bank Stocks.
25
10
15
10
' 10
15
20
5
10
20
7
Par Value.
Estimated
Market Value.
$2,500
1,020
1,935
1,000
1,300
1,665
2,560
810
1,240
3,060
903
$2,500
1,000
1,500
1,000
1,000
1,500
2.000
500
1,000
2,000
700
First National Bank, Ayer,
Blackstone Nat’l B’k, Boston,.
Continental N’l Bank, Boston,
Commercial N’l Bank, Boston,
Eliot National Bank, Boston, .
Howard Nat’l Bank,Boston, .
N’l Hide & Leather B’k, Boston,
People’s Nat’l Bank, Boston, .
State National Bank, Boston, .
Prescott Nat’l Bank, Lowell, .
N’l B’k of No America, Boston,
$14,700
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
$17,993 00
. $2,655
1,140
1,911
970
1,355
1,686
2,540
850
1,277
3,060
889
00
00
25
00
00
25
00
00
50
00
00
$18,334 00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Par Value.
Fitchburg R.R. 4|s, .
Fitchburg R.R. 5s, .
.
.
.
Amount Invested.
$3,000
13,000
$3,000 00
13,940 00
$3,000 00
13,862 50
$16,000
$16,940 00
$16,862 50
Total Amount o f Loans with Each Specified Rate o f Diterest.
Amount.
$2,000 00
35,300 00
Kate.
Amount.
Kate.
2 per cent.
5
“
$10,550 00
118,953 48
5J per cent.
6
Amount.
Kate.
$100 00
7 per cent.
Number of loans which are of an amount not exceeding $3,000 each, 131
Aggregate amount o f the s a m e , ............................................................................. $131,494 40
Total number of loans upon real estate............................................................118
Gross amount o f interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 8 9 1 , ..............................................................................
Times for the dividends fixed by the b y-la w s: January 5 and July 5.
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
11,325 71
year ending Oct. 31, 1891............................................................... i 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
. 377
Number of accounts closed during the year ending Oct. 31, 1891,
. 275
3,626 70
Total number of open accounts Oct. 31, 1891,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
1,169
3,388 20
N o . 8 .]
S A Y IN G S B A N K C O M M IS S IO N E R S .
431
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
clusive of t a x e s ) ,..........................................................................................................
Amount of deposits, not including dividends, received during the year
$988 95
ending Oct. 31, 1891.......................................................................................................
Number of s a m e , ....................................................................................... 1,355
Amount of withdrawals, including dividends, during the year ending Oct.
88,109 68
31, 1 8 9 1 , ....................................................................................................................
Number of same...................................................................................................... 789
Date of examination by commissioner : February 2.
94,766 90
Co m m o n w e alth of M a ssach u setts.
N o v . 10, 1891.
M id d l e s e x , ss.
Personally appeared Sarah T. Tuten, Treasurer of the North Middlesex Savings Bank
and made oath that the foregoing statement, by her subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by her to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to her best knowledge and belief.
Before me,
L evi W a llace,
Justice o f the Peace.
Nov. 10, 1891.
M id d l e s e x , ss.
Personally appeared Benj. H . Hartwell, President, and Andrew Atwood, Oliver K .
Pierce, Daniel W . Fletcher, C. C. Bennett and George G. Osgood, trustees of said
corporation, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
L evi W allace,
Justice o f the Peace.
[P u b . D o c .
R E P O R T O F T P IE
432
O R AN G E S A V IN G S B A N K -O R A N G E .
Incorporated March 30, 1871.
John W . W h e e ie k ,
Present number of corporators, 27.
W a r r e n M. K in g ,
President.
W a r r e n M . K in g ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
G . A . W h ip p l e ,
C. A. T ow ne,
F.
W . M . K in g .
L. W
aters,
Open fo r business every business day, 9
B ala n c e Sh e e t, October
a .m
31, 1891.
L ia b il it ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.
. to 4 p. m .
$45,000
37,900
2,100
39,000
472,715
63,750
00
00
00
00
00
00
21,600
20,600
398
157
00
00
88
95
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$703,221 83
$677,219 45
16,000 00
1,741 49
8,260 89
$703,221 83
Cash on Deposit in Banks, amount in each: —
Adams National Bank, North Adams, .
Orange National Bank, Orange,
$5,000 00
15,600 00
Loans on Bank Stock, amount on each :—
On
On
On
On
4 shares Orange National Bank, Orange,
3 shares Orange National Bank, Orange,
12 shares Orange National Bank, Orange,
9 shares Winchester National Bank, Winchester, N . H .,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$200 00
300 00
1,000 00
600 00
N o . 8 .]
S A V IN G S B A N K C O M M IS S IO N E R S
433
Detailed Statement o f Public Funds.
Par Value.
City of Brockton, Mass , 5s, .
of Gardiner, Me ,4s,
of Lynn, Mass , 6s, .
of Manchester, N. I I , 4s,
Town of Orange, Mass , 4s,
$5,000
0,000
3,000
15,000
16,000
$45,000
Estimated
Market Value.
$5,800
6,060
3,‘240
15,300
16,000
00
00
00
00
00
$46,400 00
Amount Invested.
$5,000
6,000
3,000
15,000
16,000
00
00
00
00
00
$45,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston,
Central Nat’l B’k, Boston,
Eliot National Bank, Boston, .
Everett Nati Bank, Boston, .
First Ward N’l Bank, Boston,
20
20 Manufacturers’ N’l B’k,Boston,
5 N’l Hide & Leather B’k, Boston,
11 N’l B’k of No America, Boston,
25 Nat’l Webster Bank, Boston, .
10 North National Bank, Boston,
30 Tremont Nat’l Bank, Boston,
10 First National Bank, Chelsea,
33 Franklin County Nat’l Bank,
Greenfield..............................
100 Orange Nat’l Bank, Orange, .
10 First Nat’l Bank, Springfield,
10 Third Nat’l Bank, Springfield,
3 Union Market National Bank,
Watertown, .
.
.
.
15
5
3
65
4
Estimated
Market Value.
Amount Invested.
$1,500
500
300
6,500
400
2,000
2,000
500
1,100
2,500
1,000
3,000
1,000
$1,800
650
526
8,060
412
2,600
2,020
620
.1,364
2,500
1,390
3,000
1,230
00
00
00
00
00
00
00
00
00
00
00
00
00
$1,500
500
300
6,500
400
2,000
2,000
500
1,100
2,500
1,000
3,000
1,000
00
00
00
00
00
00
00
00
00
00
00
00
00
3,300
10,000
1,000
1,000
3,465
14,500
1,400
1,800
00
00
00
00
3,300
10,000
1,000
1,000
00
00
00
00
300
420 00
300 00
$37,900
$47,757 00
$37,900 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R II 6s,
Conn & Passumpsic Rivers R.R. 7s,
Fitchburg R.R 5s, .
.
.
.
Old Colony R R. 6s,
. . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$10,000
10,000
18,000
1,000
$10,700
10,300
18,540
1,050
$39,000
$40,590 00
00
00
00
00
Amount Invested.
$10,000
10,000
18,000
1,000
00
00
00
00
$39,000 00
[P u b . D o c .
REPORT OF THE
434
Total Amount o f Loans with Each ¡Specified Bate o f Interest.
Rate.
Amount.
Kate.
2 per cent.
44
“
$428,883 50
65,438 50
5 per cent.
54
“
Amount.
$15,600 00
25,100 00
Rate.
• Amount.
$45,743 00
Number of loans which are of an amount not exceeding $3,000 each,
6 per cent.
274
....................................................................
Aggregate amount of the same,
.
Total number of loans upon real e sta te ,.......................................................... 280
Gross amount o f interest or profits received or earned, as per hooks, during
year ending Oct. 31, 1 8 9 1 , ........................................................................................
Times for the dividends fixed by the by-laws : February 1 and August 1.
Rate and amount o f eachsemi-annual dividend during the 12
per cent., j
year ending Oct. 31,1 8 9 1 , ............................................................i 2 per cent., 1
Number of accounts opened during the year ending Oct. 31, 1891,
525
Number of accounts closed during the year ending Oct. 31, 1891,
361
Total number of open accounts Oct. 31,1891,
.
.
.
.
2,890
Total expenses of the corporation for the year ending Oct. 31, 1891 (ex
$261,918 60
33,540 08
12,261 03
12,520 87
clusive of t a x e s ) ,..........................................................................................................
Amount of deposits, not including dividends, received during the year
1,713 93
ending Oct. 31, 1 8 9 1 , .................................................................................................
Number of s a m e , ......................................................................................2,548
Amount of withdrawals, including dividends, during the year ending Oct.
163,674 09
31, 1 8 9 1 , ...................................................................................................................
Number of s a m e , ..................................................................................... 1,951
Date of examination by commissioner: April 16.
154,460 51
Comm onw ealth
F r a n k l in ,
ss.
of
M assach u setts.
N ov . 18, 1891.
Personally appeared Warren M . King, Treasurer of the Orange Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement o f all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to nis best knowledge and belief.
Before me,
F r a n k l in ,
ss.
G e o r g e W . A n d r e w s , Justice o f the Peace.
N o v . 18, 1891.
Personally appeared John W . Wheeler, President, and Geo. A . Whipple, Levi Kilburn,
Augustus J. Fisher, F. D . Kellogg and J. H . Clark, trustees o f said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G e o r g e W . A n d r e w s , Justice o f the Peace.
N o . 8 .]
435
S A Y IN G S B A N K C O M M IS S IO N E R S .
P A L M E R S A V IN G S B A N K — P A LM E R .
Incorporated March 4, 1870.
Present number of corporators, 49.
J a m e s B . S h a w , President.
L . E . M o or e , Treasurer.
S . S. T a f t , Clerk o f th e Corporation.
Names of committee charged with the investment o f its funds:
E nos C a l k i n s ,
H e n r y G . L o om is ,
G eo rg e M o oers,
T. D . P otter,
J a m e s B. S h a w .
Open for business every business day, 9
a .m .
B alan ce S h eet, O ctober
m .,
1 to 3
p .m.
31, 1891.
L ia b il it ie s .
A ssets .
Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loan on railroad stock,
Real estate (for banking pur
poses),
.......................................
Loans on real
@FedFRASER