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PUBLIC DOCUMENT

No. 8

TWENTIETH:

5••A

Co m m issio n er s

i n b o a r d of

OP

SAYINGS BANKS.

1895 .

P

art

I.

SAYINGS BANKS, INSTITUTIONS FOR SAYINGS, AND SAFE
DEPOSIT, LOAN AND TRUST COMPANIES.

BOSTON:
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,


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Federal Reserve Bank of St. Louis

18 P ost O ffice S q u a r e .
1896.


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Federal Reserve Bank of St. Louis

3 3 $ , l
fV lô 'S fe
/ > * ./

Cotmiramfo*aIl& rrf Itlassacfntsiifs.
O f f ic e

of t h e

B oard

of

C o m m iss io n e r s

of

Sa v in g s B a n k s ,

S t a t e H ouse E x t e n s io n , B oston , Jan. 6, 1895.

To the Honorable the Senate and House of Representatives in General Court
assembled.

As required by the statutes of the Commonwealth, the Board
of Commissioners of Savings Banks has the honor to present its
twentieth annual report relating to the condition of the institu­
tions under its supervision.
The number o f such institutions is at present 344, with assets
of about $607,500,000. Since the date o f the last report two
savings banks, seven trust companies and two co-operative
banks have commenced business.
By the provisions of chapter 126 o f the Acts of 1890 the
report is made in two parts.
Part I., herewith submitted, gives the condition and statistics
of the following institutions, viz. : —
187 savings banks and institutions for sav­
ings, with assets of
.
.
.
32 trust companies, with assets of
.
1 trust company in hands of receiver.*
1 savings bank in hands of receiver.f

.

$466,426,722 72
119,043,157 21

W'S *77)^ g

Part II., to be presented later in the session, will include the
statements of : —
119 co-operative banks.
2 collateral loan companies.
2 mortgage loan companies.
* For statement o f this institution see page x x .
f For statement of this institution see page xiv.

R E B t 9 0 $ WN

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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

VI

N

e w

I

n s t it u t io n s

.

The institutions which have commenced business since the
last report, with the date of their incorporation and the time
when they commenced business, are as follows : —

Date of
Incorporation.

N am e .

Date of
Commencement of
Business.

Savings Banks.

March 9, 1895.
Feb.
8, 1895.

Bay State Savings Bank, Worcester,
People’s Savings Bank, Brockton, .

July
Aug.

1, 1895.
1, 1895.

Trust Companies.

Berkshire Loan and Trust Company,
March
P it t s fie ld ,...........................................
Columbia Trust Company, East Boston, June
Hampden Loan and Trust Company,
Springfield,........................................... June
Manufacturers’ Trust Company, Holyoke, April
June
Puritan Trust Company, Boston, .
Union Loan and Trust Company, Boston, May
United States Trust Company, Boston, . April

27, 1895.
14, 1892.

July 11,1895.
March 25,1895.

1,
26,
14,
29,
15,

1887.
1887.
1892.
1888.
1887.

March 6,1895.
March 25,1895.
March 23,1895.
March 25,1895.
March 4,1895,

March 13, 1895.
Nov.
9, 1894.

May
2,1895.
Nov. 13,1894.

Co-operative Banks.

Brookline Co-operative Bank, Brookline,
Roger Conant Co-operative Bank, Salem,

I

n s t it u t io n s

C

h ar te r e d

b u t

n o t

y e t

C

om m enced

B

u s in e s s

.

The Markets Savings Bank, incorporated March 25, 1893,
and the Dorchester Savings Bank, incorporated April 16, 1894,
both to be located in Boston, have not organized. In the case
o f the bank first named, the failure to organize within two years
from the date of the passage of. the act of incorporation has
rendered the charter void.
Authority to organize the Groveland Co-operative Bank at
Groveland was given in October, but it did not commence busi­
ness until November, consequently no returns therefrom have
yet been made. Authority has also been given to organize the
Adams Co-operative Bank in Adams, but no action in regard
thereto has yet been taken.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

I

n cr ease

in

B

u s in e s s

vii

.

The duties of the Board have been increased not merely by
the time and labor required in the supervision o f the new insti­
tutions but also by additional work necessitated by the enlarged •
business ofdhe older ones.
The increased demand for investments continually involves
questions as to the legality, as savings bank investments, o f new
securities, and these often require considerable time for investi­
gation and decision.
The legislation of last year, whereby an increased appropri­
ation was authorized, has enabled the Board to permanently
employ a stenographer, who aids also in the general clerical
work of the office, and both expert and clerical assistance as at
times seemed required has also been employed.
Under the rules of the Civil Service Commission this Board
cannot employ additional clerical assistance for a term exceed­
ing ten days at any one time except such as may be obtained
through the medium of that commission.
The clerks in this department have not merely to perform
office work ; they are required frequently to accompany the
Commissioners on their visits to the institutions, and to aid
in the examinations thereof. This involves accuracy in accounts,
careful handling of securities, discretion in action, and above
all honesty. Strict reticence as to the business transactions
coming under their notice is also an absolute necessity for the
safety of that portion of the business community whose affairs
are brought so plainly to the knowledge of the Board.
Under these circumstances the Board is of the opinion that
it should have the privilege of selecting its assistants from the
community at large, rather than to be limited to such as may
be applicants under the civil service rules.

D

iv id e n d s

.

The following table shows the rates of dividends paid during
the year in comparison with those paid for the year ending Oct.
31, 1894: —


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Federal Reserve Bank of St. Louis

viii

REPORT OF THE

Ordinary D ivid en ds P a id during the T ear ending Oc t .

2 savings banks paid at the rate of
0

44

44

44

44

44

13

44

44

44

44

44

2

(4

44

44

44

44

.
•

[Pub. Doc.

31, 1895.

5

per cent.
44

-

44

-

2

44

2

-

41

2

44

44

44

44

“

1

44

44

44

44

“

158

44

44

44

5

44

44

44

44

“

•

1

44

44

44

44

“

1

44

44

44

44

44

• H
. 3

No ch ange.

4

44

-

•3

44

1

-

4

44

3

-

H

44

2

-

44

1

-

44

1

-

• ^4

44

De­
crease.

AS

%
• 412
43

•
.

In­
crease.

't 8

Those banks which declared dividends at rates other than the
general rate of two per cent, each half year paid as follows : —
1
1

b a n k

p a id

th e

fir s t

te r m

14

p e r

c e n t ., t h e
44

“

“

te r m

If
2

<1

“

l i

44

44

44

1

“

»

2

44

44

44

1

“

“

2

44

44

44

Ì

“
44

1

“

2
9
3
2

“

44

“

■ “

“

2

44

44

44

“

2

44

44

44

“

21

44

44

44

“

2|

“

2\

“

“

2i

“

“

2i

l i

44

4

1

44

s e c o n d

44

l i

p e r

c e n t.

l i

“

2*

“

24

“

2i

“

2

44

44

44

01

«

44

44

44

91

u

44

44

44

44

44

44

2
2i

“

Two banks paid extra dividends amounting to $121,826.71.

During the year seven banks have reduced their dividends
below four per cent, per annum. What the result of such a
reduction might be was a matter of doubt and discussion among
savings bank officials, and as a matter o f interest in connection
with the subject the following presentation of facts is offered.
The deposits and withdrawals in one of the seven banks were
so much affected by local business matters that the statistics of
this particular institution are not taken into account in the con­
sideration of the question.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

IX

In the other six banks the number of deposits made during
the year ending Oct. 31, 1895, was 299,696, as against 270,165
the preceding year; the amount deposited was $18,617,862.86
in 1895, as against $18,861,610.99 the previous year, — an
increase in number o f 29,531, and a decrease in amount of
$243,748.13 in 1895, as compared with the previous year.
The average of the deposits in 1894 was $69.81; in 1895,
$62.12; this would appear to indicate that the reduction in
rate of dividends did not deter the smaller depositors, for whose
benefit the banks are intended, from making deposits, so much
as it did larger ones, who have heretofore taken advantage of
the banks to secure a larger net return than could be obtained
from most other equally safe investments.
In the same banks the withdrawals in 1895 were 259,463,
amounting to $19,084,582.05 ; the withdrawals in 1894 were
243,107, amounting to $18,049,674.85, an increase in number
of 16,356 and in amount $1,034,907.20, the average sum with­
drawn being in 1895 $73.51, as against $74.24 in 1894.
The fact that the average of the withdrawals in all the banks
of the Commonwealth was $77.23, or $3.72 more than the aver­
age in the banks referred to, is an added proof that these banks
are being used by the class of smaller depositors.
The six banks referred to are in Boston or its suburbs.
Whether the same results would follow a reduction o f dividends
in banks located more remote from business centres must still
be a matter of conjecture.
A ggregate

Statem en t

of

L ia b il it ie s

and

A ssets,

Showing Increase or Decrease as compared ivith the Year ending Oct. 3 1 ,
1894.
L i a b i li t i e s .
Percentage

Amount Oct. 31,
C l a s s if ic a t io n .

Increase.

1895.

of

Increase.

D ep o sits,...............................................................

$439,269,861 15

$22,491,843 62

5.40

Guaranty f u n d , ...............................................

18,061,542 48

1,210,325 82

7.18

Undivided e a r n i n g s ,......................................

8,861,434 70
333,288 47

3.80

Due on incomplete mortgage loans,

.

Sundry l i a b i l i t i e s , ......................................


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Federal Reserve Bank of St. Louis

161,344 35

j-

72,540 04

J

$466,426,722 72

-

-

REPORT OF THE

X

[Pub. Doc.

Amount

C l a s s if ic a t io n .

Public funds,

.

.

.

$67,827,426 46 $3,261,245 51

.

Loans on public funds,
Bank s t o c k ,......................................
Loans on bank stock, .
Railroad bonds,

.

•

.

.

.

Increase.

Oct. 31, 1895.

•

14.54

-

.30

28,988,921 18

224,466 38

-

6.22

-

1,875,297 26

1,112,139 68

204,350 00

-

Loans on railroad stock,

830,600 00

200 00

Real estate for banking purposes,

-

2,991 65

Loans on railroad bonds,
Railroad notes....................................

Decrease.

1,359,531 65

48,576,552 23

.

Percentage of
Investments to
Total Assets.

A s s e ts .

450,000 00

-

3,824,401 13

$35,572 47

.40

-

10.41

782,800 00
-

25,000 00

266,460 90

-

.04
'

.18
.10
.82

1,539,190 76

178,629 19

-

.33

193,328,835 04

9,984,776 36

-

41.45

Loans on personal security,

89,746,536 36

10,828,933 60

-

19.24

Loans to counties, cities or towns (notes),

11,261,742 23

967,122 09

-

2.41

53,944 25

9,371 25

-

.01

Real estate by foreclosure, .
Loans on real estate,

.

Loans on depositors’ books,
Sundry assets,

.

.

.

512,798 37

.

176,656 54

Expense account,

|

56,782 46

.15

)

Cash on hand : —
In banks, on interest, .

$14,158,720 58

In banks, not on interest.....................................
In office,

.

.

.

481,442 86
1,229,775 82
15,869,939 26

-

$466,426,722 72

-

2,014,288 69
-

3.40
-

The statement of liabilities shows an increase in aggregate
deposits of $22,491,843.62, the largest (wfith the exception of
1892) in any year since 1878, and an excess over the increase
of 1894 of $5,709,395.90.
The total number o f open accounts by which the aggregate
deposits of $439,269,861.15 are represented on the books of the
banks is 1,302,479, an average to each account of $337.25.
Last year the average was $334.20 and the total number of
open accounts was 1,247,090.
The number of deposits made during the year was 1,214,171,
the amount deposited being $80,768,468.89, an average of
$66.52 to each. As compared with the previous year, these
figures indicate an increase of 169,522 in number and of
$5,821,898.88 in amount of deposits and a decrease of $5.22
in the average, which tends to prove that it is the persons of

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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

xi

limited means who are now seeking the savings banks as the
depositories of their savings.
The number of withdrawals during the year was 962,205
and the sum withdrawn $74,309,785.76, an average of $77.23
to each, a decrease in number of 6,372, an increase of $185,088.43 in amount, and of $0.70 in the average, as compared
with the year preceding.
The amount deposited exceeded the amount withdrawn by
$6,458,683.13.
Dividends to the amount of $16,025,893.44 have been credited
to depositors during the year, an excess of $254,929.55, as com­
pared with the previous year.
The total assets of the banks are $466,426,722.72, an increase
from last year of $24,035,457.91.
I

n v e stm e n ts

.

It will be seen that the major part of the increase in invest­
ments is covered by the items of public funds, railroad bonds,
loans on real estate and loans to counties, cities and towns, all
of which classes are considered among the safest and best of
investments.
The increase in loans on personal security is but little in
excess of the decrease of the previous year, and the proportion
which this class o f investments bears to the whole amount of
assets is smaller than for several years prior to 1894. O f the
total loans on personal security nearly one-half the amount, in
addition to the sureties required by statute, is supported by
collateral of various descriptions, mostly bonds and stocks of
ready sale, but not such as the banks could hold for investment.
The following table shows a comparison of this item with the
return of one year ago : —

Amount loaned on personal security, with collateral,
Amount loaned on personal security, without collateral, .

1894.

1895.

$39,049,808 80

$44,352,154 00

39,867,793 96

45,394,382 36

$78,917,602 76

$89,746,536 36

The considerable increase in amount invested in real estate
arises from the fact that several banks have erected buildings
©

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Federal Reserve Bank of St. Louis

Xll

REPORT OF THE

[Pub. Doc.

for their own occupancy, generally of moderate cost. W e are
pleased to say that the disposition to build large business blocks
which at one time prevailed, and which proved an unwise course,
has almost entirely disappeared.
During the year 55 banks have made purchases of bank stock,
to the extent in all o f 3,793 shares ; 15 banks have been sellers,
the number of shares sold being 501 ; several national banks
have reduced their capital and this action eliminated 1,081
shares.
Investments in bank stock have been, as a rule, a prolific
source of income to the savings banks, but the reduction
in rate of dividends makes such investments less desirable at
present, while the personal liability of holders of such stock
is an element not attached to any other class of investment.
As compared with the previous year the cash on hand and on
deposit in banks shows a decrease of over $2,000,000.
The business of the banks, as compared with the year pre­
vious, is given in tabulated form herewith : —

Number of open accounts,......................................

Oct. 31, 1895.

Increase.

1,302,479

55,389

Average amount to the credit of each account,

$337 25

_

-

$3 05

Number of d e p o s i t s ,................................................

1,214,171

169,522

Number of withdrawals.............................................

962,205

-

Amount deposited (not including dividends), .

$80,768,468 89

Average of d e p o s i t s ,................................................

66 52

Amount withdrawn (including dividends),

Decrease.

$5,821,898 88
-

6,372
$5 22

74,309,785 76

185,088 43

-

77 23

0 70

-

Amount of e x p e n se s,................................................

1,080,611 70

51,773 69

Total earnings...............................................................

20,596,223 22

Total ordinary d iv id e n d s,......................................

15,904,066 73

238,854 86

Total extra d i v i d e n d s , ......................................

121,826 71

16,074 69

Average of w ith d r a w a ls ,......................................

-

39,190 46
-

Number of loans of an amount less than $3,000,

61,800

2,281

-

Number of loans upon real estate security,

69,920

3,238

-

B

anks

in

th e

H

ands

of

R

e c e iv e r s

.

Stockbridge Savings Bank.
Considerable progress has been made in the liquidation of
the affairs of this bank, some real estate having been disposed
of and some claims collected. The bond of the former treas­
urer, Willis, has been settled for a much less amount than was

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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

xm

expected to be recovered when the former receiver, Hobbs,
was appointed, his neglect and delay in the matter thus causing
loss to the depositors.
The claims in litigation, referred to in our last report, are
still unsettled, having been delayed from no fault of the receiver,
but it is expected will soon be brought up for adjudication. A
payment has been made by the Fidelity and Casualty Company
on account of its liability on the bond of the former receiver,
Hobbs.
A dividend of ten per cent, was declared Nov. 28, 1895,
payable on and after Dec. 16,1895. I f the legal complications
are adjusted early in the present year there appears now to be
no reason why a final dividend cannot be made before another
report by this Board is called for.
The following statement shows the condition of the bank at
close of business Oct. 31,1894 ; also the receipts and disburse­
ments during the year and its condition at close of business
October 31 last.


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Federal Reserve Bank of St. Louis

, 1895.

D isposition
Oct. 31, 1894.

Amount

Received in

Charged off.

Cash.
Loans on personal security,
Loans on real estate security,
Real estate by foreclosure,
Suspense account,
C a s h , ......................................

$22,293
23,426
20,025
47,794
49,545

Interest on deposits, .
.
.
.
Interest on loans,
.
.
.
.
Rents collected...........................................
Lathes s o ld ,...............................................
Special notes collected,
“ French lo t” sold....................................
First and second dividends paid twice,

$163,085 18

-

.

00
00
58
55
97

$4,110 00
8,383 00

$12,493 00
10
07
00
00
50
00
05

Credits on
Principal.

$778 94
224 13

$1,003 07

$2,587
11,846
14,421
4,198

00
00
58
55

Oct. 31, 1895.

$19,706
11,580
5,603
43,595

04
79
74
51

$33,053 13

-

$71,976 82

$293
531
42
354
516
459
45,435

25
42
50
80
24
61
37

_

.
.

:
47,635 19
$24,341 63

24,341 63
$104,827 71

t

[Pub. Doc.


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

$2,587
7,736
6,038
4,198
49,545

194
1,003
95
225
152
20
181

Amount of p a y m en ts,............................................... $47,635 19
Balance, cash,

04
79
32
06
97

Interest
Collected.

REPORT OF THE

Amount of assets,

Less payments for : —
Expenses of former years, .
Ordinary expenses this year,
Insurance,
...............................................
T a x e s , ........................................................
On first dividend of 33% per cent., .
On second dividend of 16% per cent.,
On third dividend of 15 per cent.,

A ssets .

Assets

C H A R A C T E R OF A S S E T S .

Amount of cash received,

op

xiv

Stockbridge Savings B a n k Statem ent— October 3 1

No. 8.]

SAYINGS BANK COMMISSIONERS.

xv

Dividends amounting to seventy-five per cent, of the claims
against this bank have now been declared.
At the date of the foregoing statement there remained un­
paid, of the first dividend o f 33| per cent., $52.73; of the
second dividend of 16| per cent., $26.38 ; of the third dividend
of 15 per cent., $26.06. The fourth dividend of 10 per cent,
is now in course of payment.

B

k o o k f ie l d

S

a v in g s

B

a n k

.

The books of this institution on Oct. 31, 1894, showed de­
posits amounting to $62,047.41; during the year ending Octo­
ber 31 last these had been reduced to $45,314.57.
A special examination of the bank was made on the third
day of December, which disclosed loose methods in conducting
the business of the bank.
In view of this, and the drafts on the bank still continuing, it
was determined to apply to the Supreme Judicial Court for an
injunction. Accordingly, the application was made on the fifth
day of December, and George W . Johnson was appointed
receiver.
On the seventeenth day of December, upon taking possession
o f the bank, the receiver at once entered upon the task of ascer­
taining its exact condition, and in order that he might arrive at
the amount of liabilities, called upon depositors to present their
books for proof of claims. While it was discovered that the
late treasurer had been negligent in the performance of his
duties, the Board did not apprehend that he had been dis­
honest. When the pass books held by the depositors began
to be presented, however, it was at once discovered that glar­
ing discrepancies existed in many of the depositors’ accounts.
Thereupon two o f the Commissioners went to Brookfield, and
becoming satisfied that considerable variation existed in the
depositors’ accounts, made complaint to the trial justice o f the
town, but not in time for the apprehension and arrest of the
treasurer. Precautions were taken by the receiver to protect
the interests of the depositors, and an attachment was levied
on all the real estate of the defaulting treasurer. The amount
o f the discrepancy cannot at present be given, but the receiver
is still at work making comparisons of the depositors’ books

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Federal Reserve Bank of St. Louis

REPORT OF THE

XVI

[Pub. Doc.

with the depositors’ ledgers, and when this is finally done the
amount of the deficiency will be disclosed .and the liabilities of
the bank fixed.
V

e r if ic a t io n

of

D

e p o s it o r s

’ B

o o k s

.

The year just closed witnessed the third examination of books
under the provisions of the statute of 1888, which requires every
savings bank each third year to “ call in the books of deposit
o f their depositors for verification, in such manner as their re­
spective boards of trustees may direct.”
The trustees and treasurers of many o f the banks fully realize
the advantage of a strict compliance with the intent of the stat­
ute, and special efforts have been made to have the books brought
in^also to have them verified by some person not regularly
employed in the bank. In other institutions it is considered
as needless trouble, and beyond posting a notice in the banking
room and advertising in the local paper no effort is made to
secure the presentation of the books, and those which are
received go immediately into the hands of the official by whom
the entries were originally made, and in some cases are seen
only by that official. In other cases the books are retained in
the bank until some one of the trustees designated to perform
that duty finds it convenient to call and compare the pass books
with the depositors’ ledgers.
Both the methods last mentioned fail to meet the desired
object of the law, which is twofold.
First. To discover errors which are liable to occur in any
bank; and
Second. To detect any criminal action, which is likely to
occur in but few instances.
A thorough verification is as much, therefore, in the interest
and benefit of the many honest officials as it is for the security
of the depositors.
If an official is disposed to be dishonest he finds no channel
open in which to cover his peculations so readily available and
so likely to remain undiscovered as the depositors accounts.
This was illustrated a few years ago in the case of the Stockbridge Savings Bank, and the developments of the last few days
in the case of the Brookfield Savings Bank have disclosed a
similar condition.

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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

xvii

In the examinations made by this Board, tampering with the
depositors’ accounts, if it existed in a bank, is not likely to be
discovered and the only sure detection of such action is arrived
at by calling in the depositors’ books and having them verified
by some person disconnected with the clerical work of the
bank. This course seems especially requisite in those institu­
tions where one person performs all the clerical work of the
office, as was the case in the two banks referred to. If, in those
two instances, the verification of depositors’ books had been
made in the manner heretofore suggested the dishonest acts of
the treasurers would have been at once detected.
Added experience and the observation of the past year give
added weight to and strengthen the Board in the opinion
expressed in its report of 1893 that, “ however great confi­
dence trustees may have in the integrity of their officials, it is
no excuse for neglect fully to comply with the intent of the law,
and they should seriously consider whether, with the present
law on the statute book, they may not be justly charged with a
breach of their trust should any extensive peculations hereafter
occur in this way.”
This matter is brought to the attention of the Legislature for
such action as seems required.

G

u ar an ty

F

u n d

.

The legislation of 1876 in relation to savings banks provided
in section 13 of the Acts of that year that “ every such corpora­
tion shall, at the time of making each semi-annual dividend, as
hereinafter provided, reserve from the net profits which may have
accumulated during the six months then next preceding not less
than one-eighth nor more than one-fourth of one per cent, of
the whole amount o f deposits as a guarantee fund, until such
guarantee fund shall amount to five per cent, of the whole
amount of deposits, which fund shall be thereafter maintained
and held to meet losses in its business from depreciation of
its securities or otherwise.”
There are now twenty-one banks in which the guaranty fund
has reached the limit fixed by statute, to wit, five per cent, of
the deposits. Some of these banks, after the statutory limit
had been reached, have continued at each dividend period to

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Federal Reserve Bank of St. Louis

xviii

REPORT OF THE

[Pub. Doc.

add to such fund “ not less than one-eighth nor more than onequarter of one per cent, of the deposits,” until in some instances
it has reached an amount considerably in excess of the limit.
The question of the legality of such action has been submitted
to the attorney-general, who gives it as his opinion that “ sav­
ings banks have no right to maintain and hold more than five
per cent, of the total amount of its deposits under the provi­
sions of that section.”
The banks which have created a fund exceeding five per cent,
of their deposits have been notified to transfer the excess to the
credit of the account on their books which represents earnings
unappropriated.
B

onds

of

T

r easu r er s

.

The statute provides that the treasurer of every savings bank
“ shall give bond for the faithful discharge of his duties.”
Formerly these bonds were invariably given with individual
sureties, who generally bound themselves in the exact words of
the statute, and became responsible for the faithful discharge
of his duty by the official named in the bond, — in many cases,
it seems fair to assume, with the idea that they were bound
merely for the honest discharge of his duty.
O f late many officials have obtained bonds from some incor­
porated surety company upon a form prepared some time ago
and approved by the attorney-general then in office, which form
insures the bank against loss from the fraudulent acts of the
employee only, and the question has been raised as to whether
such a bond meets the requirements of the statute.
An opinion rendered in the Supreme Judicial Court o f this
Commonwealth at the March term in 1832, in the case of Amer­
ican Bank v. Adams, reported in 12 Pickering, 303, appears to
decide this question. The opinion was as follows : —
The court are of opinion that a bond faithfully to perform the duties
of teller binds the obligors to a responsibility for reasonable and com­
petent skill and due and ordinary diligence in the performance of his
office ; that what is reasonable and competent skill and due and ordi­
nary diligence depends upon the nature of the office ; that the obligors
were bound, not for the honesty only of Ashur Adams, but for a faith­
ful execution of the duties of his office, which embraced competent
skill and due diligence. (American Bank v. Adams, 12 Pick. 303.)

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Federal Reserve Bank of St. Louis

No. 8.]

xix

SAYINGS BANK COMMISSIONERS.

When within the past few years it has become requisite to
enforce the collection of a bond signed by individuals, this
Board has found that almost invariably bank officials have con­
sidered it expedient to compromise with the sureties as to the
amount to be paid. Trustees of a bank dislike to enforce a
claim upon their neighbors and friends, especially when the
payment thereof may impoverish the surety. Again, a bond
may be perfectly good when given, but when the time arrives
to enforce the same it is found that changed circumstances
have made it impossible to collect the same and loss arises.
While it has been demonstrated that an incorporated com­
pany is ready to delay and sometimes to resist the payment of
a claim, yet, when the sum to be paid is definitely determined,
it can be collected, and reasons which might influence the
officers of a bank to compromise in the case of an individual
bond would not have consideration were the bond issued by a
surety company.
The Board is of the opinion that, all things considered, a bond
issued by a surety company will generally be found in the end
to furnish as good results for the bank as one given by individ­
uals, and action on the part of the Legislature authorizing the
acceptance of such bonds is suggested.
T

rust

C

o m pan y

in

H

ands

of

R

e c e iv e r

.

Suffolk Trust Company.
Very little progress has been made during the year in the
settlement of the affairs of this company. Its assets are of
such a character and the complications of its business are such
that a long time must elapse before the end is reached.
The receiver states that a creditor of the company has taken
steps to enforce the statutory liability of the stockholders in this
company by an action in the Supreme Court.
The amount of dividends remaining unpaid Oct. 31, 1895,
was $5,773.43.
The following statement gives the result of the year’s business
as it affects the assets of the company.


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Federal Reserve Bank of St. Louis

, 1 8 9 4 , to Oct. 3 1 , 1 8 9 5 .

xx

,

Changes in A ssets o f Suffolk Trust C om pa n y N o v . 1

D is p o sitio n op A ssets as s h o w n b y R epokts
op R e c e iv e r .
Amount

C H A R A C T E R OF A S S E T S .

Amount

Oct. 31, 1894.

j

Received in
Cash.

Charged off.

Interest
Collected.

;
$44,633
30,696
3,380
24,273
6,400
532
777
4,167
446
10,965
3,347
18,890
279
2,478

35
37
15
21
00
25
85
40
88
30
52
48
52
20

$100 00
50 00
6 40
-

2,000 00
-

26 25
-

26 10
533 00
2,478 20

$151,268 48
281
36
64
4,200
13
330

Total receipts for y e a r , ..................................................................
Less expenses for y e a r , ...........................................................................

$10,144 98
1,382 74

Cash balance Oct. 31,1895......................................................................

SSK ' l-rt f

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

J, *;* ;
,

,

j

.

.

.

.

06
00
00
00
23
74

$8,762 24

-

-

-

_

$64 00
_

-

-

-

-

-

-

_

_
-

-

-

-

$64 00

$100 00
50 00
6 40
2,000 00
_
_
26 25
-

26 10
533 00
-

$44,533 35
30,646 37
3,373 75
24,273 21
4,400 00
532 25
777 85
4,141 15
446 88
10,939 20
3,347 52
18,357 48
279 52
-

$2,741 75

_

_
_

-

8,762 24
$154,810 77

[Pub. Doc

Received interest on d e p o s i t s ,..................................................................
Received from assignment of m ortgages,...............................................
Received from interest on loans, e t c . , ...............................................
Transferred from dividend account,...............................................
.
Insurance r e p a i d , ....................................................................................
Repayment of fees, etc., incurred in legal actions................................

_
-

Oct. 31, 1895.

REPORT OF THE

Time loans...........................................................................................................
Demand l o a n s , ..............................................................................................
Tax sale certificates,.....................................................................................
Coupon accou n t,..............................................................................................
Mortgage l o a n s , ..............................................................................................
Bills receivable...................................................................................................
O v e r d r a fts ,.......................................................................................................
Furniture, e t c . , ..............................................................................................
Teller’ s memoranda.........................................................................................
Real estate e q u i t i e s ,.....................................................................................
Due from a g e n t s , .....................................................................................
Foreclosure a c c o u n t ,....................................................................................
Maverick National Bank.................................................................................
C a s h , ................................................................................................................

Total Credits
on
Principal.

No. 8.]

xxi

SAYINGS BANK COMMISSIONERS.

T

C

rust

o m p a n ie s

.

During the year seven companies have commenced business,
as shown by the table on page vi.
A reference to this table will show that of this number three
were incorporated in 1887, one in 1888 and two in 1892.
Under the provisions of chapter 114, Acts of 1893, approved
March 25, these companies were required to commence business
within two years from the passage of that act or their charters
would become void. One of the number began business March
4, one on March 6, one on March 23 and three on March 25,
barely in time to save their charters. O f the companies incor­
porated at the last session of the General Court but one has
commenced business.
O f the seven new companies two have established trust de­
partments ; the others intend, apparently, to simply receive
deposits, discount paper and make loans, in the same manner
as do the national banks of this Commonwealth and the State
banks of other States.
The opinion of this Board remains, as has so often been ex­
pressed in previous reports, that too many trust companies
have been incorporated, and this statement appears to be borne
out by the subjoined table, which shows the companies incor­
porated whose charters have lapsed or which have not yet com­
menced business.

N

am e

of

Date of
Incorporation.

Com pany.

Date when
Charter Lapsed.

Chelsea Safe Deposit and Trust Company, Chelsea, .

May

29, 1888,

March

25, 1895.

Essex County Safe Deposit and Trust Company, Salem, .

June

14, 1892,

March

25, 1895.

Fall River Loan and Trust Company, Fall River,

March

7 ,1 8 9 1 ,

March

Fidelity Trust Company, Boston..................................................

March

13, 1895,

Fitchburg Loan, Trust and Safety Deposit Co., Fitchburg,

March

30, 1895,

Jamaica Plain Trust Company, Boston,

April

20, 1893,

April

April

24, 1893,

April

24, 1895.

June

3, 1890,

March

25, 1895.

Lawrence Trust'Company, Lawrence,

.

.

.

.

Lawyers’ Loan and Trust Company, Boston,
Nevvtonville Trust Company, Newtonville,

March 24, 1894,

North Essex Trust Company, Newburyport,

April

Pynchon Safe Deposit and Trust Company, Springfield, .

March 27, 1895,

Somerville Trust Company, Somerville,

9, 1891,

25, 1895.

*
*

20, 1895.

*
March

25, 1895.

*

Ma y

14, 1891,

March

25, 1895.

W est Lynn Trust Company, L y n n , ......................................

June

14, 1892,

March

25, 1895.

Winthrop Loan and Trust Company, Boston,

March

17,189 1,

March

25, 1895.


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

.

.

.

.

* N ot yet organized.

xxn

REPORT OF THE

[Pub. Doc.

I f it is deemed advisable to further increase the banking
capital of the Commonwealth some provision should be made
to permit the organization of banks of deposit and discount,
but they should not bear the name nor be entitled to the
extended powers and privileges of trust companies; the name
“ trust company” in itself indicates, and is generally under­
stood to mean, that the institution bearing the name is some­
thing more than simply a commercial bank.
The Board is also of the opinion that if any more trust
companies are incorporated the capital should be fixed at a
sum not less than five hundred thousand dollars.
The enactment of laws bearing upon these questions is rec­
ommended.
Under the provisions of chapter 266 o f the Acts of 1893,
no city or town shall have or place on deposit at any time in
any trust company, an amount exceeding sixty per cent, of
the capital and surplus of such company, unless such company
shall give satisfactory security for such deposit in excess of
said sixty per cent.
One city has availed itself of the provisions of this law and
deposited in a trust company an amount considerably in excess
of the limit, receiving from the trust company security therefor.
This Board is of the opinion that the giving of security in this
way is not, as a rule, in accordance with good business princi­
ples, and while it does not recommend any relaxation in the
provisions o f the statute referred to, believes that no trust
company should be permitted to give security for any o f its
deposits, but that each depositor should have his deposits at
the same risk as all others ; any other course it is considered
might in time result in great danger alike to the company as
to its depositors.
F

alse

R

etu k n s

.

The experience of the past year has revealed the fact that
if false returns are made to this Board no ready means is
available to prosecute or punish the guilty parties, and it is
recommended that such legislation as may be required to meet
such an exigency be enacted at the present session.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

C

o n c l u s io n

xxm

.

The Board has had occasion to frequently consult the
attorney-general during the year, and desires to hereby express
its appreciation of the valuable services rendered by him and
his assistants.
The following pages contain statements of the several
savings banks and trust companies, as compiled from the
annual returns of the various institutions.
The table on pages 668 and 669 gives the number, con­
dition and progress of the banks in each year since 1834, at
which date returns were first required.
In the Appendix will be found the statutes governing the
savings banks, also those in relation to trust companies.


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Federal Reserve Bank of St. Louis

STARKES W H IT O N ,
W IL L IA M D. T . TREFRY,
W AR R E N E. LOCKE,
Board o f Commissioners o f Savings Banks.


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Federal Reserve Bank of St. Louis

ABSTRACT OF ANNUAL REPORTS
OF TH E

SAYINGS BANKS AND INSTITUTIONS
FOR SAYINGS,
S H O W IN G T H E IR

CONDITION AT THE CLOSE OF BUSINESS
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

31, 1895.

R e q u ir e m e n t s

A cts

of

1891.

of

Ch apter

317

of

the

/
REPOET OF TPIE

2

A B IN G T O N

[Pub. Doc.

S A V IN G S B A N K -A B I N G T O N .

Incorporated March 17, 1853. Present number of corporators, 61.
O tis 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 o f committee charged with the investment of its fund s:
S il a s B . D îc k e r m a n ,
O tis W . S o u l e ,
J o se p h L . G r e e n w o o d ,

J oh n W . S p r o u l ,
G eo L . R ic h a r d s o n ,
A d o n ir a m V a u g h a n .

Open for business every business day, 9

Balance

Sh e e t

a .m

October

. to 12 m . ; 1 to 4 p . m .

31, 1895.

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),
........................................
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, .
Individual insurance, .
Expense account,
Real estate income,
Lawrence Duck Co. stock,*
Furniture and fixtures,
Stoie fixtures.....................................
Cash on hand,
.

$70,000
130,100
1,100
193,000

00
00
00
00

42,000
6,161
1,098,325
301,339

00
07
75
16

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .

$1,847,159 09
83,500 00
9,496 37
16,094 20

39,600 00
1,421 25
63,831.69
9 00
251 58
500 17
6,000 00

1,000 00

1,000 00
609 99
$1,956,249 66

$1,956,249 66

* Taken to secure Indebtedness.

Cash on Deposit in Banks, amount in each: —
Abington National Bank, Abington,
National Bank of Redemption, Boston,

.
.

$21,193 90
42,637 79

Loans on Bank Stock, amount on each : —
On 5 shares National Granite Bank, Quincy,
On 10 shares First National Bank, Rockland,


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Federal Reserve Bank of St. Louis

$300 00
800 00

No. 8.]

3

SAYINGS BANK COMMISSIONERS.

Abington Savings Bank — Continued.
Detailed statement o f Public Funds.

Par Value.

City of Bay City, Mich , 5s,
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 5s,
of New Britain, Conn., 4s,
of Springfield, Ohio, 4£s,.
of Springfield, Ohio, 5s, .
Town of Abington, Mass., 4s, .
of Middieborough, Mass., 4s,

Estimated
Market Value.

$10,000
5.000
3.000
10,000
5.000
5.000
22,000
10,000

$10,250
5,337
3,285
10,300
5,375
5,400
22.500
10.500

00
50
00
00
00
00
00
00

$70,000

$72,947 50

Amount Invested.

$10,000
5.000
3.000
10,000
5.000
5.000
22,000
10,000

00
00
00
00
00
00
00
00

$70,000 00

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

62
40
50
74
12
25
59
50
50
150
100
100
38
110
45
19
68

31
22
50
10
50
32
20
82
2

Par Value.

Abington N’l Bank, Abington,
FirsGNational Bank, Adams, .
Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Continenal N’l Bank, Boston,.
Eliot National Bank, Boston, .
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k, Boston,.
Mt. Vernon N’l Bank, 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 Webster Bank, Boston, .
North National Bank, Boston,
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
South End Nat'l Bank, Boston,
State National Bank, Boston, .
Brockton Nat’l B’k, Brockton,.
Old Colony N’l B’k, Plymouth,
First Nat’l Bank, Rockland, .


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Federal Reserve Bank of St. Louis

$6,200
4,000
5,000
7,400
1,200
2,500
5,900
5,000
5,000
15,000
10,000
10,000
3,800
11,000
4,500
1,900
6,800
3,100
2,200
5,000
1,000
5,000
3,200
2,000
3,200
200

Estimated
Market Value.

$7,440
6,000
5,012
7,446
1,560
2,700
7,670
4,256
5,362
14,100
16,025
9,325
4,180
13,310
6,840
1,572
7,225
3,224
2,356
8,912
905
3,750
3,616
2,300
4,800
220

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

Amount Invested.

$6,200
4,000
5,000
7,400
1,200
2,500
5,900
5,000
5,000
15,000
10,000
10,000
3,800
11,000
4,500
1,900
6,800
3,100
2,200
5,000
1.000
5,000
3,200
2,000
3,200
200

00
00
00
00
00
00
00
00
00
00
Od
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$130,100 $150,109 00 $130,100 00

4

REPORT OF THE

[Pub. Doc.

Abington Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R 4s, .
Concord & Montreal R.R. 4s, .
Eastern R R. 6s,
Fitchburg R.R. 4s, .
Leeds & Farmington R.R. 6s, .
Maine Central R.R. 4£s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6s,.
Penobscot Shore Line R.R. 4s,.
Portland & Ogdensburg R.R. 6s,
Upper Coos R.R. 4£s,

$22,000
39,000
30,000
25,000
20,000
1,000
10,000
15,000
1,000
20,000
5,000
5,000
$193,000

Estimated
Market Value.

$22,385
40,635
31,200
30,000
20,000
1,010
10,700
16,050
1,030
20,200
5,450
5,375

Amount Invested.

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

$22,000
39,000
30,000
25,000
20,000
1,000
10,000
15,000
1,000
20,000
5,000
5,000

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

$204,035 00 $193,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Rate.

Amount.
$42,637
21,193
151,000
45,000

79
90
00
00

2 per cent.
2è
«
4
“
4.i
»

Amount.
$15,000 00
45,000 00
207,480 00

Rate.
4§ per cent.
H

5

“

Amount.
$200 00
78,650 00
899,456 16

Rate.
5i per cent.
5é
“
6
“

Amount invested in real estate for banking purposes....................................$42,000
00
Estimated value of the sam e ,..............................................................................
42,000
00
Assessed value of the s a m e , ..............................................................................
39,000
00
Net income received from same during year ending Oct. 31, 1895,
.
.
1,697 05
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,.................................................................................................................6,161
07
Assessed value of the same...................................................................................
7,225
00
Net income received from same during year ending Oct. 31, 1895,
.
.
84 54
Number of loans which are of am amount not exceeding $3,000 e a c h ,. 755
Aggregate amount of the s a m e , ...............................................................................
806,411 16
Total number of loans upon real e s t a t e , ................................................. 771
Amount of investments from which no income is received, .
.
.
.
5,000 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , .........................................................................................
91,595 05
Times for the dividends fixed by the by-laws : first Tuesday in April and
October.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

5

Abington Savings Bank — Concluded.
Eafe and amount of each semi-annual dividend f 2^ per cent., $37,778 09 1
$77,543 49
during the year ending Oct. 31, 1895,
.
. 1
per cent., 39,765 40 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 478
Number o f accounts closed during the year ending Oct. 31, 1895,
Total number of open accounts Oct. 31, 1895,
.
.
.
.

. 302
3,946

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of ta x e s ),............................................................................................................

5,060 28

Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................

284,778 58

Number of s a m e , .................................................................................................. 2,166
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , .................................................................................................. 2,447
Date of examination by commissioners: April 29.


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

219,604 12

[Pub. Doc.

REPORT OF THE

6

AM H E R ST S A V IN G S B A N K — AM H ER ST .
Incorporated April 5, 1864.
E . F . Co o k , President.

Present number of corporators, 14.

E . I ). B a n g s , Treasurer.
G e o . C u t l e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E . F . C ook,
L . D . H il 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 a m . to 12 m . ; 1.30 to 4
9 a . m . to 12 M.

B alance

Sheet

O ctober

; Saturdays,

31, 1895.

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 (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, .
Deposits in banks, not on interest,
Cash on hand,
.
.
.
.

p .m .

' $168,718
210.606
2,550
169,800

60
33
00
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$2,028,364 10
84,582 00
50,564 04

15,000 00
1,250,985 00
123.607 99
121,150
1,100
94,033
5,000
909

00
00
21
00
01

$2,163,510 14

$2,163,510 14

Cash on Deposit in Banks, amount in each: —
First National Bank, Amherst,
City National Bank, Holyoke,
Manufacturers’ Trust Company, Holyoke,
First National Bank, Northampton,
Agawam National Bank, Springfield, .
Pynchon National Bank, Springfield, .

$49,033
15,000
5,000
5,000
10,000
10,000

.

21
00
00
00
00
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 W are National Bank, Ware,
.
3 shares First National Bank, Amherst, .
8 shares First National Bank, Easthampton,


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

$500 00
|

1,150 00
900 00

No. 8.]

7

SAYINGS BANK COMMISSIONERS

Amherst Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Akron, Ohio, 5s, .
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s, .
of Northampton, Mass., 4s,
of Pawtucket, R. 1 , 5s, .
of Rutland, V t , 4s, .
of Saginaw, Mich , 4ès, .
Town of Beverly, Mass., 4s, .
of Clinton, Mass., 4s, .
of Marblehead, Mass., 4s,
of Springfield, Yt., 4s, .
United States 5s,
. . .

$25,900
20,000
7.000
3.000
3.000
20,000
20,000
10,000
20,000
15.000
10.000
15,000
$168,900

*

Estimated
Market Value.

$26,547
20.400
7,245
3,000
3,097
20,500
20,900
10,450
20.400
15,600
10,100
17,193

50
00
00
00
50
00
00
00
00
00
00
75

Amount Invested,

$25,900
19,875
7.000
2,943
3.000
20,000
20,000
10,000
20,000
15.000
10.000
15,000

00
00*
00
60
00*
00
00
00
00
00
00
00

$175,433 75 $168,718 60

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

100
34
80
10
23
45
28
94
56
100
100
30
5
78
130
133
80
125
117
38
116

Par Value.

First National Bank, Amherst,
First National Rank, Barre, .
N’l B'k of the Republic, Boston,
N’l Hide & Leather B’k,Boston,
Suffolk National Bank, Boston,
Conway Nat’l Bank, Conway,.
National Pahquioque Bank,
Danbury, Ct.,
First N’l Bank, Easthampton,.
FranklinCo.N’l B’k,Greenfield,
Citv National Bank, Holyoke,
Holyoke Nat’l Bank, Holyoke,
National Bank of Commerce,
New London, Ct.,
Berkshire N’l B’k, No. Adams,
First Nat’l B’k, Northampton,
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,
First Nat’l Bank, Norwich, Ct.,
Second N’l Bank, Norwich, Ct.,
Thames N’l B'k, Norwich, Ct.,
Palmer Nat’l Bank, Palmer, .
Agawam N’l B’k, Springfield,


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

Estimated
Market Value.

Amount Invested.

$10,000
3,400
8,000
1,000
2,300
4,500

$15,000
3,570
12,400
1,120
2,415
4,950

00
00
00
00
00
00

$14,910
3,400
10,095
1,000
2,300
4,493

00
00
50
00
00
33

2,800
9,400
5,600
10,000
10,000

3,920
13,160
6,160
11,500
16,500

00
00
00
00
00

3,870
10,928
5,600
10,930
10,800

00
00
00
00
00

3,000
500
7,800

3,900 00
500 00
9,750 00

3,660 00
500 00
9,380 00

13,000

14,300 00

13,000 00

13,300
8,000
12,500
11,700
3,800
11,600

19,285
10,000
15,000
18,135
5,700
12,180

13,504
8,000
14,825
16,101
5,306
11,600

00
00
00
00
00
00

00
00
00
00
50
00

8

REPORT OF THE

[Pub. Doc.

Amherst Savings Bank — Continued.

No. of |
Shares, j

Detailed Statement o f Bank Stocks— Concluded.

Par Value.

100 Chapin NT Bank, Spring-field,
70 First Nat’l Bank, Springfield,.
56 Crocker N’l B’k,Turner’s Falls,
8 Ware National Bank, Ware, .
25 Citizens1 N’l Bank, Worcester,
40 City Nat’l Bank, Worcester, .
10 Mechanics’ N’l B’k, Worcester,

$10,000
7,000
5,600
800
2,500
4,000
1,000

Estimated
Market Value.

$15,000
8,400
6,720
920
3,250
5,800
1,000

Amount Invested.

00
00
00
00
00
00
00

$12,703
8,730
5,600
800
2,500
5,120
1,000

00
00
00
00
00
00
00

$183,100 $240,535 00 $210,656 33

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,.
Boston & Lowell H R. 6s,.
Boston & Maine R.R 4s, .
Boston & Maine R R. 44s,
Boston.Revere Beach & Lynn R R.6s,
Fitchburg R R. 44s, .
.
.
.
Fitchburg R.R. 5s, .

$43,000
7,000
35.000
10.000
25.000
10.000
40,000

Estimated
Market Value.

$43,852
7,175
36,750
11,600
25,937
10,075
42,150

Amount Invested.

50
00
00
00
50
00
00

$43,000
7,000
34,800
10,000
25.000
10.000
40,000

00
00
00
00
00
00
00

$170,000 $177,540 00 $169,800 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

$49,033 21
99,450 00
70,040 94

Kate.

Amount.

3 per cent.
4
“
44
“

$40,700 00
1,228,975 05

Kate.

5

per cent.
“

Amount.

Rate.

$30,500 00
74,727 00

Amount invested in real estate for banking purposes..................................
Estimated value of the sa m e ,...............................................................................
Assessed value of the s a m e , ...............................................................................

54 per cent.

6

#
.

Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 e a c h ,. 637
Aggregate amount of the s a m e , .....................................................................
Total number of loans upon real e s t a t e , ................................................. 694
Gross amount of interest or profits received or earned, as per books, during year ending Oct. 31, 1 8 9 5 , .....................................................................
.

,

Times for the dividends fixed by the by-laws : January 1 and July 1


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

“

O
oo

Amount.

00 »
15,000 0 0
9,500 0 0
794 98

587,451 44

99,555 16

No. 8.]

SAYINGS BANK COMMISSIONERS.

9

Amherst Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $36,224 43
during the year ending Oct. 31, 1895,
.
. 1 2\ per c e n t, 42,059 30
Number of accounts opened during the year ending Oct. 31, 1895,
. 613
Number of accounts closed during the year ending Oct. 31, 1895,
. 447
Total number of accounts Oct. 31, 1 8 9 5 , ......................................
4,695
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , .............................................................................. •
.
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895,...........................................................................................................
Number of s a m e , .................................................................................................. 3,345
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , .................................................................................................. 3,191
Date of examination by commissioners : September 13.


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

4,888 17
355,721 12

267,707 73

IO

REPORT OF THE

ANDOVER

[Pub. Doc

S A V IN G S B A N K — A N D O V E R .

Incorporated April 2, 1834.

Present number of corporators, 37.

M oses T . S t e v e n s , P r e s i d e n t .
J ohn F . K im b a l l , T r e a su r e r .
J o h n F . K i m b a l l , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
J a m e s P. B u t t e r f ie l d ,
L e w is T . H a r d y ,

P e t e r D . Sm i t h ,
J. T y l e r K im b a l l .

Open for business every business day, 9

a .m .

B a l a n c e Sh e e t O c to b er

A ssets .

to 12

m.;

2 to 4

p .m .

31, 1895.

L ia b ilit ie s .

Public funds as per schedule,
Loans on public funds,
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 interest,
Expense account,
Cash on hand.....................................

$384,500
80
286,568
1,662
758,987
2,750
1,251,344
30,202

00
00

00
50
50
00
10
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$2,546,804 87
113,000 00
48,383 23
75,330 02

100 00

42,084
10,500
1,829
12,909

98
02
64
38

$2,783,518 12

$2,783,518 12

Cash on Deposit in Banks, amount in each : —
Andover National Bank, Andover,
Blackstone National Bank, Boston,

........................................
.

.
.

$13,500 02
39,084 98

Loan on Public Funds : —
On $100 City o f Boston 4s,

$80 00

Loans on Bank Stock, amount on each: —
On 10 shares National Bank of the Republic, Boston,
On 32 shares Andover National Bank, Andover, .


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

$512 50
1,150 00

No. 8.]

11

SAVINGS BANK COMMISSIONERS

Andover Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Belfast, Me., 6s, .
of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Cambridge, Mass., 6s,.
of Chicago, 111., 4s, .
of Fall River, Mass., 6s, .
of Gloucester, Mass., 4s, .
of Lewiston, Me., 6s,
of Lynn, Mass., 4s, .
of Norwich, Ct., 6s, .
of Portland, Me , 6s,
of Salem, Mass., 6s,.
of Sioux City, Iowa, 4£s,.
Town of Andover, Mass , 4s, .
of Arlington, Mass., 4s,.
of Marblehead, Mass., 4s,
of Melrose, Mass., 4s, .
of Peabody, Mass., 4s, .
County of Aroostook, Me., 4^s,
of Rockingham, N. H., 4s, .

$17,800
53,000
23,900
2,000
80,000
11,900
9,350
4,200
26,200
31,500
24,000
3,100
15,300
8,500
10,600
26,000
27,560
10,600
10,600
10,400

$17,000
50,000
23,000
2,000
75,500
11,000
9,000
4,000
25,000
30,000
21,000
3,000
15,000
8,000
10,000
25,000
26,000
10,000
10,000
10,000
$384,500

*

Estimated
Market Value.

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

Amount Invested.

$17,000
50,000
23,000
2,000
75,500
11,000
9,000
4,000
25,000
30,000
21,000
3,000
15,000
8,000
10,000
25,000
26,000
10,000
10,000
10,000

00*
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00

$406,510 00 $384,500 00

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

140*
40
115
27
100
84
112
100
100
50
120
300
225
100
100
100

Par Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone N’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,
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k, Boston,.
National Bank of the Commonwealth, Boston, .
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,.
N’l Hide & Leather B’k, Boston,


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

Estimated
Market Value.

Amount Invested.

$14,050
4,000
11,500
2,700
10,000
8,400
11,200
10,000
10,000
5,000
12,000

$14,050
4,800
11,500
3,500
10,500
6,700
10,000
8,000
8,500
8,000
10,500

00
00
00
00
00
00
00
00
00
00
00

$14,050
4,000
11,493
2,700
10,000
8,400
11,200
10,000
10,000
5,000
12,000

00
00
00
00
00
00
00
00
00
00
00

30,000
22,500
10,000
10,000
10,000

40,500
33,750
8,000
8,000
10,500

00
00
00
00
00

30,000
22,500
10,000
10,000
10,000

00
00
00
00
00

12

REPORT OF THE

[Pub. Dec

Andover Savings Bank — Continued.

No. of I
Shares.

Detailed Statement o f Bank Stocks — Concluded.

263
6
60
128
58
41
79
110
35
50
52
18
3
50
100
25

Par Value.

National Revere Bank, Boston,
National Security B’k, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,.
Old Boston Nat’l Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, Danvers,
Wachusett N’l B'k, Fitchburg,
Bay State N’l Bank, Lawrence,
Union Nat’l Bank, Weymouth,

$26,300
600
6,000
12,800
5,800
4,100
7,900
11,000
3,500
5,000
5,200
1,800
225
5,000
7,500
2,500
$286,575

Estimated
Market Value.

$23,600
1,050
8,100
13,000
8,900
4,300
8,200
19,000
3,800
3,750
5,700
1,500
225
10,000
10,000
2,500

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

Amount Invested.

$26,300
600
6,000
12,800
5,800
4,100
7,900
11,000
3,500
5,000
5,200
1,800
225
5,000
7,500
2,500

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

$320,425 00 $286,568 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Lowell R R. 4s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R 4s, .
Boston & Maine R.R. 4Js,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Danbury & Norwalk R.R. 5s, .
Fitchburg R.R 4s, .
Fitchburg R.R 5s, .
Maine Central R.R. 4£s, .
Maine Central R.R. 4s, ’ .
Manchester & Lawrence R.R. 4s,
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s, .
Old Colony R.R. 6s, .
St. Johnsbury & Lake Champlain
R.R. 5s,...................................
Worcester, Nashua & Roch. R.R. 4s,


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

$50,000
2,000
7,000
110,000
30,000
100,000
20,000
25,000
75,000
50,000
25,000
5,000
25,000
13,000
142,000
5,000

Estimated
Market Value.

$51,500
2,100
7,150
116,500
34,500
103,000
20,800
27,500
76,900
54,000
27,000
5,200
26,400
13,500
148,000
5,500

25,000
50,000

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

27,000 00
51,500 00

Amount Invested.

$50,000
2,000
7,000
110,000
30,000
99,987
20,000
25,000
75,000
50,000
25,000
5,000
25,000
13,000
142,000
5,000

00
00
00
00
00
50
00
00
00
00
00
00
00
00*
00
00

25,000 00
50,000 00

$759,000 $798,050 00 $758,987 50
*

A legal investment when made.

No. 8.]

13

SAVINGS BANK COMMISSIONERS

Andover Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$39,084 98
6,001 00
1,150 00

Kate.

2
4
4è

per cent.

“

Amount.

Kate.

Amount.

$290,787 00
184,413 50

5 per cent.
5h
“

$802.879 50
1,157 60

Kate.

6
7

per cent.

Value, by books, of real estate held or owned by foreclosure or otherwise, .
$2,750 00
Assessed value of the same.............................................................................................
2,650 00
Net income received from same during year ending Oct. 31, 1895,
.
42 00
Number of loans which are of an amount not exceeding $3,000 each, 551
Aggregate amount o f the same......................................................................................
870,009 60
Total number of loans upon real e s t a t e , ................................................. 624
Amount of investments from which no income is received, .
.
.
.
6,000 00
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
133,133 42
Times for the dividends fixed by the by-law s: third Wednesday in June
and December.
Rate and amount of each semi-annual dividend f 2 per cent., $46,685 78 j
„
during the year ending Oct. 31, 1895,
.
. i 2 per cent., 48,048 58 1
’
Number of accounts opened during the year ending Oct. 31,1895,
. 669
Number o f accounts closed during the year ending Oct. 31, 1895,
. 459
Total number of open accounts Oct. 31, 1895,
.
.
.
.
5,898
Total expenses of the corporation for the year ending Oct. 31, 1895 (exclusive of ta x e s ),............................................................................................................
Amount of deposits, not including dividends, received during the year end­

5,244 10

ing Oct. 31, 1 8 9 5 ,............................................................................................................
Number of s a m e , ........................................................................................ 4,201
Amount o f withdrawals, including dividends, during the year ending Oct.

338,985 28

31, 1895...............................................................................................................................
Number of s a m e , ........................................................................................ 2,992
Date of examination by commissioners : November 1.

300,321 96


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Federal Reserve Bank of St. Louis

14

REPORT OF THE

[Pub. Doc.

A R L IN G T O N F IV E CENTS S A V IN G S B A N K — A R L IN G T O N .

Incorporated April 2, 1860.
W

il l i a m

G. P e c k , P r e s id e n t .
J o sep h W . W

Present number of corporators, 29.
J o se p h W . W

h it a k e r , T rea su rer.

h i t a k e r , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:
W

il l ia m

G. P e c k ,

B. D e l m o n t L o c k e .

Open for business every business day, 3 p . m to 5.30
7 to 9 p . m .

B a l a n c e 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,
Real estate (for banking purp o s e s ) , .......................................
Loans on real estate, .
Loans to counties, cities or towns
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
T ax account,
.
.
.
.
Insurance account,
Cash on hand,
.
.
.
.

p .m .

; Wednesday and Saturday,

31, 1895.

L iab ilit ie s .

$303,000 00
27,400 00
6 ,0 0 0 00

183,000 00
100 00

847,221 56
14,000
550
53,996
1,338
380
772
3,015

00
00
12
29
25
19
83

$1,440,774 24

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Surplus, .
Rent account, .
Due on mortgage
loans,
Insurance collected,.

$1,362,469 07
49,531 39
10,423 83
6,492 37
5,252 89
466 69
2,800 00
3,338 00

$1,440,774 24

Cash on Deposit in Banks, amount in each : —
Atlantic National Bank, B o s t o n ,...............................................................................$32,587 09
Faneuil Hall National Bank, B o s t o n ,.....................................................................
21,409 03

Loan on Bank Stock : —
On 65 shares First W ard National Bank, Boston,


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

$

6,000 00

No. 8.]

15

SAYINGS BANK COMMISSIONERS

Arlington Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Dayton, Ohio, 5s, .
of Dayton, Ohio, 6s, .
of Fall River, Mass , 6s, .
of Grand Rapids, Mich., 5s,
of Holyoke, Mass , 6s,
of Lewiston, Me., 5s,
of Middletown, Conn., 4s,
of New London, Conn., 4s,
of Peoria, 111., 7s,
of Portland, Me., 6s,
of Rochester, N. H., 4s, .
of Springfield, Ohio, 4¿s,
of Springfield, Ohio, 5s, .
of Waterbury, Conn., 4s,.
of Woonsocket, R. I., 4s,.
Town of Arlington, Mass., 4s,.
of Arlington, Mass , 5s,.
of Attleborough, Mass., 4s, .
of Chatham, Mass., 4¡|s,
of Cranston, R. I., 4s, .
of Hull, Mass., 5s,.
of Medford, Mass., 4s, .
of Methuen, Mass., 4s, .
of Rockport, Mass., 4s, .
of Wayland, Mass., 5s, .
of Wellesley, Mass., 4s,
of Winchester, Mass., 4s,
District of Columbia 6s, .

Estimated
Market Value.

$2,000
2,000
1,000
9,000
6,000
21,000
5,000
2,000
20,000
5,000
1,000
10,000
16,000
13,000
20,000
6,000
12,000
5,000
5,000
25,000
22,000
13,000
5,000
8,000
2,000
10,000
10,000
15,000
13,000
2,000
10,000
4,000
3,000

$2,160
2,120
1,080
9,900
6,300
21,690
5,550
2,180
21,970
5,400
1,190
10,450
16,960
14,430
25,000
6,240
12,975
5,075
5,275
26,000
23,307
13,390
5,325
8,640
2,080
11,600
10,500
15,795
13,615
2,060
10,295
4,200
3,480

Amount Invested.

00
$2,000 00
00
2,000 00
00
1,000 00
00
9,000 00
00
6,000 00
00
21,000 00*
00
5,000 00*
00
2,000 00
00
20,000 00
00
5,000 00
00
1,000 00
00
10,000 00
00
16,000 00
00
13,000 00
00
20,000 00
00
6,000 00
00
12,000 00
00
5,000 00
00
5,000 00
00
25,000 00
50
22,000 00
00
13,000 00
00
5,000 00
00
8,000 00
00 • 2,000 00
00
10,000 00
00
10,000 00
00
15,000 00
00
13,000 00
00
2,000 00
00
10,000 00
00
4,000 00
00
3,000 00

$303,000 $326,232 50 $303,000 00
* Legal investments when made.

1 No. of

Shares.

Detailed Statement o f Bank Stocks.

10
50
50
50
22

Par Value.

First Nat'l Bank, Arlington, .
Atlantic Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
First Ward N’l Bank, Boston,


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

$1,000
5,000
5,000
5,000
2,200

Estimated
Market Value.

$1,160
6,300
5,400
6,650
2,860

00
00
00
00
00

Amount Invested.

$1,000
5,000
5,000
5,000
2,200

00
00
00
00
00

16

REPORT OF THE

[Pub. Doc

Arlington Five Cents Savings Bank — Continued.
Detailed Statement o f Bank Stocks — Concluded.
o <v
. *c s3

Par Value.

*£

25
10
33
12
12

N'l B’kof No. America, Boston,
N’l B'kof Redemption, Boston,
N’l B’k of the Republic, Boston,
National Union Bank, Boston,
Dedham Nat'l Bank, Dedham,

Estimated
Market Value.

$2,500
1,000
3,300
1,200
1,200
$27,400

$2,668
1,210
5,016
1,618
1,224

Amount Invested.

75
00
00
50
00

$34,107 25

$2,500
1,000
3,300
1,200
1,200

00
00
00
00
00

$27,400 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton, Fitchburg and New
Bedford R.R. 5s, .
Boston & Lowell R.R. 6s,
Boston, Revere Beach & Lynn R.R 6s,
Cheshire R R 6s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 7s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4 é s , ...................................
Salem & Lowell R.R. 6s,.
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................
Vermont & Massachusetts R.R. 5s, .

Estimated
Market Value.

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

Amount Invested.

$2,000
4,000
10,000
27,500
20,000
5,500
8,000
1,000
14,000
20,000
30,000
1,000
4,000

$2,280
4,040
10,300
28,875
20,800
6,600
8,240
1,030
15,050
21,000
32,100
1,030
4,360

$2,000
4,000
10,000
27,500
20,000
5,500
8,000
1,000
14,000
20,000
30,000
1,000
4,000

00
00
00
00
00
00
00
00
00
00*
00
00
00

15,000
1,000

17,250 00
1,050 00

15,000 00
1,000 00

10,000
10,000

11,900 00
10,700 00

10,000 00
10,000 00

$183,000 $196,605 00 $183,000 00
* A legal investment when made.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$53,996 12
2 0 ,0 0 0 00

223,260 36

Rate.

2

4è
5


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

per cent.

“
“

Amount.

$46,300 00
299,100 00
264,861 20

Rate.

5| per cent.
6*
6

“

«

Amount.

$ 1 ,0 0 0 00
13,250 00

Rate.

6^

7

per cent.

No. 8.]

SAYINGS BANK COMMISSIONERS.

17

Arlington Five Cents Savings Bank — Concluded.
Amount invested in real estate for banking purposes,........................................
Estimated value of the s a m e , ..............................................................................
Assessed value of the same.............................................................................................
Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 each,
321
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 393
Amount of 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, 1 8 9 5 , ...............................................................................

$100 00
25,000 00
23,380 00
934 47
359,895 54

1,000 00
72,293 61

Times for the dividends fixed by the b y-law s: first Saturday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $24,292 49 1
during the year ending Oct. 31, 1895,
.
. t 2 per cent.,
25,156 57 J
Number of accounts opened duringthe year ending Oct. 31, 1895,
. 472
Number of accounts closed during the year ending Oct. 31, 1895,
. 260
Total number of open accounts Oct. 31, 1895,
.
.
.
.
4,121
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................

49,449 06

4,333 89

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................

237,462 40

Number of s a m e , ................................................................................ 3,784
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................

191,278 77

Number of s a m e , .................................................................................2,505
Date of examination by commissioners: May 7.


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

[Pub. Doc

EEPOET OF THE

18

A T H O L S A V IN G S B A N K — A T H O L .
Incorporated Feb. 12,1867.

Present number of corporators, 34.

A l p h e u s H a r d i n g , P r e s id e n t .
W il l ia m D . L u e y , T r ea su rer .
W i l l i a m D . L u e y , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
A lph eu s H a r d in g ,
H e n r y It. S t o w e l l ,
S olon W . L e e ,
L u c ie n L o r d ,
L ev i B. F a y .

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 ctober 31, 1895.

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
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.

$170,000
9,400
33,775
90,000
971,350
585,300

00

80,100
71,480
1,870
791

00

00
00
00
05
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,

$1,848,680 00
80,000 00
31,915 31
53,471 97

03
99
21

$2,014,067 28

$2,014,067 28

Cash on Deposit in Banks, amount in each: —
Athol National Bank, A th o l,........................................................................................ $10,000 00
Miller’s River National Bank, A t h o l , .....................................................................
44,241 40
7,238 63
Third National Bank, B o s t o n , ..............................................................................
Holyoke National Bank, H o l y o k e , .....................................................................
10,000 00

Loans on Bank Stock, amount on each : —
On
On
On
On
On
On

100 shares Manufacturers Trust Company, Holyoke,
.
.
.
50 shares National Bank of the Commonwealth, Boston,
150 shares Springfield Safe Deposit and Trust Company, Springfield,
36 shares Athol National Bank, Athol, .
.
.
.
.
.
8 shares Athol National Bank, A t h o l , .................................................
7 shares Miller’s River National Bank, Athol,
.
.
.
.


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

$15,000 00
15,000
2,900
375
500

00
00
00
00

No. 8.]

19

SAYINGS BANK COMMISSIONERS

Athol Savings B an k— Continued.
Detailed ¡statement o f Public Funds.

Par Value.

City of Chicopee, Mass., 4s, .
of Cleveland, Ohio, 5s, .
of Holyoke, Mass., 4s,
of Lvnn, Mass., 6s, .
of Milwaukee, Wis., 5s, .
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Taunton, Mass., 5s,
of Youngstown, Ohio, 5s,
United States 4s,
. . .
United States 5s,
.

$8,000
20,000
25,000
5,000
20,000
10,000
10,000
2,000
20,000
25,000
25,000

Estimated
Market Value.

$8,080
21,810
25,500
5,050
20,860
10,700
11,100
2,120
21,100
30,500
28,625

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$8,000
20,000
25,000
5,000
20,000
10,000
10,000
2,000
20,000
25,000
25,000

00
00
00
00
00
00
00
00
00
00
00

$170,000 $185,445 00 $170,000 00

Ho. of 1
Shares. 1

Detailed Statement o f Bank Stocks.

27
7
10
50

Par Value.

Miller’s River N’l Bank, Athol,
Blackstone Nat'l Bank, Boston,
Eliot National Bank, Boston, .
National Eagle Bank, Boston,

f 2y700
700
1,000
5,000
$9,400

Estimated
Market Value.

$4,860
700
1,330
4,137

00
00
00
50

$11,027 50

Amount Invested,

$2,700
700
1,000
5,000

00
00
00
00

$9,400 00

Detailed Statement o f ¡Railroad Bonds.

Par Value.

Boston & Maine R R 4s, .
Boston & Providence R.R. 4s, .
Fitchburg R.R. 4s, .
Vermont & Massachusetts R.R. 5s,.


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

Estimated
Market Value.

$25,000
25.000
20.000
20,000

$26,125
26,250
21,500
21,400

00
00
00
00

$90,000

$95,275 00

Amount Invested.

$25,000
25.000
20.000
20,000

00
00
00
00

$90,000 00

20

REPORT OF THE

[Pub. Doc.

Athol Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$51,480 03
42,500 00
3,600 00

Rate.

Amount.

Rate.

2 per cent.
3f
3&
“

$309,500 00
175,000 00
121,500 00

4 per cent.
4i
“
4h
“

Amount.

$25,000 00
791,308 08
222,116 97

Rate.

4| per cent.
5
“
6
“

Number of loans which are of an amount not exceeding $3,000 each, 355
Aggregate amount of the s a m e , .............................................................................. $389,226
Total number o f loans upon real e s t a t e , ................................................. 429
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1895, ........................................................................................
92,768
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $33,972 19 1
69,058
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 35,085 91 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 783
Number of accounts closed during the year ending Oct. 31, 1895,
. 586
Total number of open accounts Oct. 31, 1895,
.
.
.
.
5,267
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of ta x e s ),............................................................................................................
6,195
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,...........................................................................................................
Number of s a m e , ........................................................................................ 3,318
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , ........................................................................................3,308
Date of examination by commissioners: February 18.


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

95

80

10

05

307,402 41

276,272 44

No. 8.]

SAYINGS BANK COMMISSIONERS.

21

A T T LE B O R O U G H S A V IN G S B A N K — NO R TH
ATTLEB O R O U G H .

Incorporated Feb. 2, 1860.

Present number o f corporators, 59.

A b i e l 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 the Corporation.

Names of committee charged with the investment of its funds:
G eorge A . D ea n ,
A b ie l C o d d in g ,
R an dolph K n a pp,

J o se p h G . B a r d e n ,
B. S. F r e e m a n ,
Ja s . H . S t u r d y .

Open for business every business day, 9

B a l a n c e Sh e e t O c to b er

A ssets .

Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans 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, .
Deposits in banks, not on interest,
Expense account,
Cash on hand.....................................

a .m .

to 3

p .m

.

31, 1895.

L ia b ilit ie s .

$29,500 00

11,100 00
125.500
35,000
42,995
593,850
373,759

00
00
72
06

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,239,430 22
57,500 00
5,499 72
22,969 25

86

62,000 00
43,560 55
8 ,1 0 1 70
45
30 85
$1,325,399 19

$1,325,399 19

Cash on Deposit in Banks, amount in each : —
Boston National Bank, B o s t o n , ...............................................................................$43,560 55
North Attleborough National Bank, North Attleborough, .
.
.
.
8,101 70

Loans on Railroad Stock, amount on each : —
On 150 shares Boston & Maine R R . , .....................................................................$15,000 00
On 200 shares Boston & Maine R . R . , .................................................
.
.
20,000 00


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

22

Attleborough Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

Estimated
Market Value.

$4,500
25,000

$4,617 50
26,362 50

$4,500 00
25,000 00

$29,500

$30,980 00

$29,500 00

City of Brockton, Mass., 4s,
of Sioux City, Iowa, 4£s, .

Amount Invested.

Xo. of
( Shares.

Detailed Statement o f Bank Stocks.

61
50

Par Value.

Estimated
Market Value.

$6,100
5,000

$9,394 00
5,000 00

$6,100 00
5,000 00

$11,100

$14,394 00

$11,100 00

First N’l Bank, Attleborough,
Boston National Bank, Boston,

Amount Invested.

Detailed Statement o f Bailroad Bonds.

Fitchburg R.R. 4s, .
.
.
.
Fitchburg R.R. 5s..............................
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

Par Value.

Estimated
Market Value.

Amount Invested.

$25,000
75,000

$25,125 00
79,500 00

$23,750 00
76,750 00

25,000

29,750 00

25,000 00

$125,000 $134,375 00 $125,500 00

,

Total Amount o f Loans with Each Specified Bate o f Interest.

Amount.
$43,560 55
147.000 00
20,000 00

Kate.
2
4
4-i


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

per cent.
“
“

Amount.
$189,400 00 5
98,776 9-5 54
7,000 00 5|

Kate.

per cent.
“

Amount.
$578,932 97
23,500 00

Rate.

6

per cent.

7

“

No. 8.]

SAYINGS BANK COMMISSIONERS.

23

Attleborough. Savings Bank — Conclud ed .
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, 1895,
Number of loans which are of an amount not exceeding $3,000 e ach ,. 325

$42,995 72
34,750 00

Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 338

307,497 68

Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31,1895.............................................................................................
Times for the dividends fixed by the b y-la w s: Tuesday after second Mon­
day in April and October.
Rate and amount of each semi-annual dividend f 2 per cent., $22,276 57 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 23,333 17 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 694
Number of accounts closed during the year ending Oct. 31, 1895,
. 400
Total number of open accounts Oct. 31, 1895.......................................
3,773
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

3,877 93

65,011 38

45,609 74

clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year

3,020 88

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of same..............................................................................................3,495
Amount of withdrawals, including dividends, during the year ending Oct.

272,181 73

31, 1895..............................................................................................................................
Number of s a m e , ........................................................................................ 2,511
Date of examination by commissioners: March 11.

217,984 13


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Federal Reserve Bank of St. Louis

24

REPORT OF THE

[Pub. Doc

BA R R E S A V IN G S B A N K — BA R R E.

Incorporated M ay 1, 1869.

Present number of corporators, 42.

C h a r l e s H . F o l l a n s b y , President.
Frank A . R
F r a n k A . R i c h , Clerk o f the Corporation.

ic h ,

Treasurer.

Names of committee charged with the investment of its fu n d s:
E stes H a w e s ,
Ch a r l e s H . F o l la n s b y ,

O r a m e l Cl a r k ,
G e o r g e R . S im o n d s ,

J. C . B a r t h o l o m e w .

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 a l a n c e S h e e t O c t o b e r 31, 1895.

A ssets .

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 interest,
Expense account,
/Suspense account,
Safe and furniture,
.
.

L ia b ilit ies .

$ 8 6 ,8 6 6 00
2,780 0 0
26,060 00
10,439
12,674
435,515
82,875

25
47
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$638,869 28
16,525 00
3,643 38
12,153 52

2 ,0 0 0 00

5,000
3,842
785
14
2,338

00
56
13
82
95

$671,191 18

$671,191 18

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

$8,842 56

Loans on Bank Stock, amount on each: —
On 7 shares First National Bank, Barre,
On 1 share First National Bank, Barre,
On 24 shares First National Bank, Northampton,


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

$500 00
80 0 0
2,200 00

No. 8.]

25

SAYINGS BANK COMMISSIONERS

Barre Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

36
28
62
20
17
25
41
32
46
25
9
34
20
30
60
50
7
52
2L
50
20

Par Value.

Estimated
Market Value.

$3,780
2,800
6,200
2,620
1,836
3,325
9,799
3,552
5,566
2,650
837
6,086
1,820
3,150
5,340
4,787
735
7,540
2,730
7,250
3,300

$3,600
2,800
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

First National Bank, Barre, .
Blackstone N’l B’k, Boston, .
Boston National B'k, Boston, .
Boylston Nat’l Bank, Boston, .
Continental N’l B’k, Boston, .
Eliot National Bank, Boston, .
First National Bank, Boston, .
N’l B’k of Commerce, Boston..
N’l B’k of Redemption, Boston,
N’l Hide & Leather B’k, Boston,
National Revere B’k, Boston, .
Second National B'k, Boston, .
Shoe & Leather N’l B’k, Boston,
Suffolk National B'k, Boston, .
Tremont Nat’l Bank, Boston, .
Nat’l Market B’k, Brighton, .
Ware National Bank, Ware, .
Central N’l Bank, Worcester, .
Citizens’ N’l B’k, Worcester, .
City Nat’l Bank, Worcester, .
First Nat’l Bank, Worcester, .

$68,500

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

$85,703 50

Amount Invested.

$4,425
2,905
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

$86,866 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Estimated
Market Value.

Amount Invested.

$5,000
5,000
1,000

$5,350 00
6,000 00
1,000 00

$5,000 00
5,200 00
860 00*

15,000

17,850 00

15,000 00

$26,000

$30,200 00

$26,060 00

Boston, Winthrop & Shore R.R. 5s,.
Eastern R.R. 6s,
. . .
Rutland R.R. 5s,
.
.
.
.
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

* A legal investment when made.

,

Total Amount o f Loans with each Specified Rate o f Interest.

Rate.

Amount.

$5.000 00

2

2 2 .0 0 0 00

4
4i

15,000 00

per cent.
“
“


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

Rate.

Amount.

4| per cent.
5
“

$240,325 00
111,645 00

Amount.

$ 1 0 ,0 0 0 00
45,200 00
79,000 00

5i

“

Rate.

5£ per cent.
6

“

26

REPORT OF THE

Barre Savings Bank —

[Pub. Doc.

C oncluded.

Amount Invested in real estate for banking pu rposes,....................................... $10,439 25
Estimated value of the same................................' ......................................................
10,439
Assessed value of the s a m e , ........................................................................................
5,000
Net income received from same during year ending Oct. 31, 1895,
.
.
192
Value, by books, of other real estate held or owned by foreclosure or other­
wise,
.............................................................................. *
.
.
.
.
12,674
Assessed value o f the s a m e , ........................................................................................
9,890
Net income received from same during year ending Oct. 31, 1895,
.
81
Number of loans which are of an amount not exceeding $3,000 each, 155
Aggregate amount of the s a m e , ..............................................................................
177,270
Total number of loans upon real e s t a t e , ................................................. 176
Amount o f investments from which no income is received, .
.
.
.
5,374
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 5 , .....................................................................
30,562
Times for the dividends fixed by the by-laws : January 15 and July 15.
Rate and amount of each semi-annual dividend f 2^ per cent., $12,285 40 )
during the year ending Oct 31, 1895,
.
. I 2^ per cent., 1 2 ,9 7 1 4 1 )
Number of accounts opened during the year ending Oct. 31,1895,
. 256
Number of accounts closed during the year ending Oct. 31, 1895,
. 140
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,602
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes)..............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ........................................................................................ 1,045
Am ount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ..........................................................................................................................
Number of s a m e , ..................................................................................................838
Date o f examination by commissioners : June 20.


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

2 5 25 6

25
00
34
47
00
65
00
47
58
81

°

2,155 30
125,111 49

78,29707

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

[Pub. Doc

REPORT OF THE

28

Bass River Savings Bank — Continued.
Detailed Statement o f Publio Funds.

Par Value.

City of Columbus, Ohio, 4s,
of Lowell, Mass., 4s,
of Providence, R. I., 5s, .
Town of Beverly, Mass , 4s,
of Clinton, Mass., 4s,
of Spencer, Mass., 4s, .

fio ,000
3.000
10,000
5.000
5.000
10,000
|43,000

Estimated
Market Value.

$10,000
3,090
11,500
5,175
5,000
10,350

00
00
00
50
00
00

$45,115 50

Amount Invested,

$10,000
3.000
11,442
5.000
5.000
10,350

00*
00
85
00
00
00

$44,792 85

* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

30
5
30
63
55
13
50
56
50
50
21
50
7
25
25
15
10
73
20
24
19

Par Value.

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


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

Estimated
Market Value.

Amount Invested.

$3,000
500
3,000
6,300
5,500
1,300
5,000
5,600
5,000
5,000
2,100
5,000
700
2,500
2,500
1,500
1,000
7,300
2,000
2,400
1,900

$3,690 00
500 00
3,120 00
5,040 00
7,315 00
1,040 00
5,000 00
8,960 00
6,050 00
7,600 .00
1,722 00
6,250 00
763 00
4,450 00
2,725 00
1,680 00
1,040 00
6,497 00
2,440 00
3,678 00
2,470 00

$3,660 00
500 00
3,270 00
6,615 00
6,765 00
1,300 00
5,241 80
7,280 00
6,500 00
5,749 88
2,205 00
5,927 00
756 00
3,258 00
2,750 00
1,770 00
1,000 00
7,780 00
2,000 00
2,400 00
2,383 67

$69,100

$82,030 00

$79,111 35

No. 8.]

SAYINGS BANK COMMISSIONERS

29

Bass Biver Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 4^s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4^s, .
.
.
.
Maine Central R.R. 4s,
Old Colony R. R. 4s,
. . .
Upper Coos R.R. 4is,
Vermont & Massachusetts R.R. 5s, .

$5,000
20,000
5.000
5.000
6.000
5.000
5.000
$51,000

Estimated
Market Value.

$5,750
20,000
5,025
5,000
6,390
5,375
5,350

Amount Invested.

00
00
00
00
00
00
00

$52,890 00

$5,837
20,600
5,000
5,100
6,480
5,462
5,550

50
00
00
00
00
50
00

$54,030 00

,

Total Amount o f Loans with Each Specified Bate o f Interest.

Amount.

$4,122
2,761
2,500
39,800

Kate.

24
99
00
00

l£ per cent.
2
“
4
“
4*
»

Amount.

$13,000 00
96,684 00
1,200 00

Kate.

4| per cent.
5
51

“

Amount.

$33,401 04
176,913 59
2,639 50

Rate.

6

per cent.
“

7

Value, by books, o f real estate held or owned by foreclosure or otherwise,
Assessed value of the same.............................................................................................
Net income received from same during year ending Oct. 31, 1895,
.
.
Number of loans which are of an amount not exceeding $3,000 each,
356
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate,
.
.
.
.
.
. 257
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, 1895.............................................................................................
Times for the dividends fixed by the by-law? : April 1 and October 1.
Rate and amount o f each semi-annual dividend \ 1£ per cent., $8,248 16 )
during the year ending Oct. 31, 1895,
.
. ? 1£ per cent.,
7,847 12 )
Number of accounts opened during the year ending Oct. 31, 1895,
.
98
Number of accounts closed during the year ending Oct. 31, 1895,
. 345
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,909
Total expenses of the corporation for the year ending Oct. 31, 1895 (exclusive of taxes)..............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 , 1 8 9 5 , ..................................................................................................
Number of s a m e , ................................................................................................. 600

$10,740 98
9,850 00
53 25
202,520 98
29,000 00
31,552 04
Qg5 2g
’

4,928 90
72,582 88

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ........................................................................................ 1,628
Date of examination by commissioner: March 18 and 19.


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

187,403 04

30

REPORT OF THE

[Pub. Doc.

B A Y STA TE S A V IN G S B A N K — W O R C E ST E R ,
Incorporated March 9, 1895.

Present number of corporators, 70.

R ic h a r d H e a l y , President.
G e o r g e M c A l e e r , Treasurer.
J o h n B . R a t i g a n , Cleric o f the Corporation.

Names of committee charged with the investment of its funds:
W il l i a m H a r t ,
J ohn O ’ M e a r a ,

T h om a s B a r r e t t ,
T homas H . Ha l l .

Open for business every business day, except Saturdays, 9
9 a . m . to 1 p .m ., and 6 to 8 p . m .

B a l a n c e Sh e e t O c to b er

A ssets .

Bank stock as per schedule,
Loans on real estate, .
Loans to counties, cities or towns
(notes).............................................
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

a .m

. to 4

p .m .

; Saturdays,

31, 1895.

L iab ilit ies .

$2,687 50
17,950 00

Deposits, .
Interest account,

$28,873 17
72 96

6,000 00
1,146 09
1,162 54
$28,946 13

$28,946 13

Cash on deposit in B a n k : —
First National Bank, W orc e ste r,...............................................................................$1,146 09

No. o f
Shares.

Detailed Statement o f Bank Stocks.

5
12
5

Tar Value.

Boylston Nat’l Bank, Boston,
Faneuil Hall N’l Bank,Boson,
Tremont Nat’l Bank, Boston,

Estimated
Market Value.

$500
1,200
500

$652 50
1,605 00
430 00

$2,200

$2,687 50

* This investment in excess of the legal limit -will be reduced.


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Federal Reserve Bank of St. Louis

Amount Invested,

$652 50
1,605 00*
430 00
$2,687 50

No. 8.]

31

SAYINGS BANK COMMISSIONERS

Bay State Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$7,146 09

Kate.

3 per cent.

Amount.

$15,450 00

Kate.

5 per cent.

Amount.

$2,500 00

Number o f loans which are of an amount not exceeding $3,000 each,
11
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 11
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-law s: March 1 and September 1.
Number of accounts opened during the year ending Oct. 31, 1895,
. 159
Number o f accounts closed during the year ending Oct. 31, 1895,
.
1
Total number of open accounts Oct. 31, 1 8 9 5 , ....................................... 158
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ..................................................................................................227
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number o f s a m e , ..................................................................................................29
Date of examination by commissioners : November 14.


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Federal Reserve Bank of St. Louis

Rate.

5£ per cent.

$17,950 00

72 96

30,914 17

2,041 00

[Pub. Doc

KEPOKT OF THE

32

BE LM O N T S A V IN G S B A N K — BE LM O N T.

Incorporated March 5, 1885.

Present number of corporators, 46.

J. V a r n u m F l e t c h e r , P r e s id e n t .
W in t h r o p L . C h e n e r y , T r e a s u r e r .
T h o m a s W . D a y i s , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
J. V arntjm F l e t c h e r ,
F r e d e r ic D o d g e ,
G ustaytjs C. H o l t ,
J. Lucius E l l i s ,
J. O. W e l l in g t o n .

Open for business Wednesdays, 4 to 6 and 7 to 8 p . m .

B alance

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 real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposit in bank, not on interest, .
Expense account,
Cash on hand,
.
.
.
.

31, 1895.

L iab ilit ies .

$8,000
8,848
5.000
28,237
81,936
1,350
6,559
2.000
2
340

00
37
00
50
60
00
09
00
75
69

$142,275 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$138,202 34
1,650 00
1,953 12
469 54

$142,275 00

Cash on Deposit in Banks, amount in each: —*
Faneuil Hall National Bank, B o s t o n , .....................................................................$6,559 09
Howard National Bank, B o s t o n ,..............................................................................
2,000 00

Loan on Bank Stock : —
On 80 shares Hancock National Bank, B o s t o n , ................................................. $5,000 00*
* Bank notified that this loan, in excess of the legal limit, must be brought within such limit.


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS

33

Belmont Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Chicago, 111., 4s, .
Town of Peabody. Mass., 4s, .
of Winchester, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$5,000
2,000
1,000

$5,225 00
2,120 00
1,025 00

$5,000 00*
2,000 00
1,000 00

$8,000

$8,370 00

$8,000 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

14
24
3
10
7
3
2
5
10

Par Value.

Blackstone N’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Freeman’s N’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
South End Nat’l Bank, Boston,
Third National Bank, Boston,.

Estimated
Market Value.

$1,400
2,400
300
1,000
700
300
200
500
1,000

$1,400
3,204
267
940
875
319
208
390
910

$7,800

$8,513 50

00
00
00
00
00
50
00
00
00

Amount Invested

$1,525
3,223
3u0
1,100
800
300
200
500
900

00
37
00
00
00
00
00
00
00

$8,848 37

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4¿s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4¿s, .
Upper Coos R.R. 4^s,


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

k

$1,000
3.000
9.000
5.000
5.000
2.000
$28,000

Estimated
Market Value.

$4,135
3,480
9,405
5,396
5,300
2,120

00
00
00
00
00
00

$29,836 00

Amount Invested.

$4,000
3.000
9,237
5.000
5.000
2.000

00
00
50
00
00
00

$28,237 50

34

[Pub. Doc

REPORT OF THE

Belmont Savings Bank —

C on clu d ed .

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.

$6,559 09
33,750 00

Kate.

2 per cent.
5
“

Amount.

$14,200 00

Rate.

5£ per cent.

Amount.

$40,336 60

Rate.

6 per cent.

Number o f loans which are of an amount not exceeding $3,000 each,
59
Aggregate amount o f the s a m e , .............................................................................. $69,386 60
Total number o f loans upon real e s t a t e , ................................................. 57
Gross amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
6,407 04
Times for the dividends fixed by the b y-la w s: third Wednesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend f 2 per cent., $2,217 09 1
^^
during the year ending Oct. 31, 1895,
.
. 1 2 percent.,
2,336 60 i
’
Number of accounts opened during the year ending Oct. 31, 1895,
.
70
Number of accounts closed during the year ending Oct. 31, 1895,
.
29
Total number of open accounts Oct. 31, 1 8 9 5 , ....................................... 615
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
...................................................................................................
36950
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
33,784 67
Number of s a m e , .................................................................................................. 561
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
16,229 58
Number of s a m e , .................................................................................................. 202
Date of examination by commissioners : January 29.


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Federal Reserve Bank of St. Louis

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

36

REPORT OF THE

[Pub. Doc

Benjamin Franklin Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bath, Me., 6s,
of Cleveland, Ohio, 5s,

.

Estimated
Market Value.

$2,000
10,000

$2,180 00
10,050 00

$12,000

$12,230 00

Amount Invested.

$1,815 00*
10,300 00
$12,115 00

* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

14
5
70
30
25
10
27
15
9
16
8
31
23
75
tl2

Par Value.

Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Howard Nat'l Bank, Boston, .
Market Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,.
N’l B’k of No. America. Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Franklin N’l Bank, Franklin, .
WrenthamN’l B’k, Wrentham,

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

Estimated
Market Value.

$1,400
540
9,310
3,210
2,425
800
2,997
1,581
954
1,488
728
2,759
2,484
8,250
960

00
00
00
00
00
00
00
25
00
00
00
00
00
00
00

$39,886 25

Amount Invested.

$1,442
553
9,345
3,322
2,412
850
3,051
1,708
978
1,520
712
2,635
2,530
8,250
960

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

$40,270 62

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R R. 4£s,
Fitchburg R.R. 4£s, .
.
Maine Central R.R. 5s, .
Upper Coos R.R. 4£s,


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Federal Reserve Bank of St. Louis

.

.

Estimated
Market Value.

$10,000
10,000
10,000
10,000

$11,550
10,300
10,800
10,750

$40,000

$43,400 00

00
00
00
00

Amount Invested.

$10,900
10,075
10,775
10,700

00
00
00
00

$42,450 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

37

Benjamin Franklin Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$2,868 89
77,000 00

Rate.

2£ per cent.
4£

Amount.

Rate.

Amount.

$155,845 00
1,850 00

5 per cent.
5£
“

$170,522 60

Rate.

6

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, 1895,
Number of loans which are of an amount not exceeding $3,000 each, 275
Aggregate amount o f the s a m e , ..............................................................................

per cent.

$21,295 47
21,900 00
353 50
181,478 96

Total number of loans upon real e s t a t e , ................................................. 221
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1895.....................................................................................

24,722 21

Times for the dividends fixed by the b y-la w s: first Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
Number of accounts opened during the year ending Oct. 31, 1895,
Number of accounts closed during the year ending Oct. 31, 1895,
Total number of open accounts Oct. 31, 1895,
.
.
.
.

$8,837 71 ]
8,923 3 2 1
.
.

17,761 03

279
195
2,062

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes)..............................................................................................................

2,283 67

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895...............................................................................................................

97,163 00

Number of same.........................................................................................................1,708
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................

93,991 59

Number o f s a m e , .................................................................................................. 1,206
Date o f examination by commissioners : January 15.


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Federal Reserve Bank of St. Louis

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

No. 8.]

SAVINGS BANK COMMISSIONERS

39

Berkshire County Savings Bank — Continued.
$1,500 00
580 00

On 20 shares Third National Bank, Pittsfield,
On 7 shares Lee National Bank, Lee, .
On 6 shares Pittsfield National Bank, Pittsfield, .
On 5 shares Housatonic National Bank, Stockbridge, .

850 00

Detailed Statement o f Public Funds.

Par Value.

$12,000
42,000
50,000
90,000
2,500
25,000
20,000
50,000
25,000
5,000
25,000
30,000
20,000
15,000
30,000
45,000
20,000
27,000
22,000
75,000
30,000
35,000
18,000
10,000
5,000

City of Bath, Me., 6s,
of Boston, Mass , 4s,
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s, .
of East Providence, R. I., 5s, .
of Grand Rapids, Mich , 4£s, .
of Keene, N. H., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Milwaukee, VVis , 7 s , .
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Pawtucket, R. I., 4s,
of Peoria, 111., 4s,
of Peoria, 111., 5s,
of Pittsfield, Mass., 4s,
of Springfield, Ohio, 6s, .
of Taunton, Mass., 4s,
Town of Braintree, Mass., 4s, .
of Marlborough, Mass., 4s, .
of Southbridge, Mass., 4s., .
of Spencer, Mass., 4s, .
of West Hartford, Conn., 4 s ,.
State of New Hampshire 6s, .
United States 6s,
. . .

$728,500
*

Estimated
Market Value.

$12,600 00
45,360 00
50,500 00
90,000 00
2,550 00
27,500 00
20,100 00
52,270 00
26,625 00
5,100 00
25,375 00
31,350 00
20,600 00
15,150 00
31,000 00
46,350 00
21,200 00
27,945 00
23,100' 00
78,750 00
30,300 00
36,750 00
18,270 00
10,700 00
5,400 00

Amount Invested.

$12,000
42,U00
50,000
90,000
2,500
25,000
20,000
50,000
25,000
5,000
25,000
30,000
20,000
15,000
30,000
45,000
20,000
27,000
22,000
75,000
30,000
35,000
18,000
10,000
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
00
00

$755,345 00 $728,500 00

Legal investments when made.

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

45
109
27
100
57
32
125

Par Value.

Atlantic Nat’l Bank, Boston,
Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boston Natl Bank, Boston,
First Natl Bank, Boston,
Howard Natl Bank, Boston,
Merchants’ N’l Bank, Boston,


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

.
.
.
.
.
.

$4,500
10,900
2,700
10,000
5,700
3,200
12,500

Estimated
Market Value.

$5,670
13,407
2,700
10,000
13,680
3,104
20,000

00
00
00
00
00
00
CO

Amount Invested.

$4,500
10.900
2,700
10,000
5,700
3,200
12,500

00
00
00
00
00
00
00

40

REPORT

O F

TH E

"P u b .

D oc.

Berkshire County Savings Bank — Continued.
Detailed Statement o f Bank Slocks — Concluded.
V - CO
o g

Estimated
Market Value.

iS
^ J3
02

60
100
100
80
25
120
53
105
35
70
20
70
20
70
31
35
50
60
50
10
50
100
20
25
50
10

N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of the Republic, Boston,
Nat’l Eaglè Bank, Boston,
N’l Hide & Leather B’k,Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
Second Nat’l Bank. Boston,
Shawmut Nat’l Bank, Boston,
First Nat’l Bank, Chicopee, .
Hadley Falls N’l B’k, Holyoke,
Lee National Bank, Lee, .
Adams N’l Bank, No. Adams,
Agricultural N’l B’k, Pittsfield,
Berkshire Loan & Trust Co.,
Pittsfield,
.
.
.
.
Pittsfield N’l Bank, Pittsfield,
Third Nat’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.............................
Springfield N’l B’k,Springfield,
Housatonic National Bank,
Stockbridge,

Alilulilil IllVëâled.

$6,000

$6,660 00

$6,000 00

10,000
10,000
8,000
2,500
12,000
5,300
10,500
3,500
7,000
2,000
7,000
2,000
7,000
3,100
3,500

13,800
15,200
6,560
2,650
11,040
5,512
16,695
3,710
12,530
2,200
9,800
3,000
9,800
3,875
8,750

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

10,000
10,000
8,000
2,500
12,000
5,300
10,500
3,500
7,000
2,000
7,000
2,000
7,000
3,100
3,500

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

5,000
6,000
5,000
1,000
5,000
10,000
2,000

6,250
9,000
10,000
1,000
6,750
15,800
2,400

00
00
00
00
00
00
00

5,000
6,000
5,000
1,000
5,000
10,000
2,000

00
00
00
00
00
00
00

2,500
5,000

3,000 00
6,750 00

2,500 00
5,000 00

1,000

1,500 00

1,000 00

$191,400 $262,793 00 $191,400 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4^s,
Boston, Winthrop & Shore R.R. 5s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Portland & Rumford Falls R.R. 5s, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,


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Federal Reserve Bank of St. Louis

$50,000
75,000
20,000
25,000
35,000
25,000
25,000
10,000
$265,000

$52,500
82,500
21,400
26,000
36,000
27,250
26,750
10,150

00
00
00
00
00
00
00
00

$50,000
75,000
20,000
25,000
35,000
25,000
25,000
10,000

00
00
00
00
00
00
00
00

$282,550 00 $265,000 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

Berkshire County Savings Bank

41

— C onclud ed .

Total Amount o f Loans, with each Specified Rate o f Interest.

Rate.

Amount.

$9,160 76
5,000 00

2

3£

per cent.
“

Rate.

Amount.

$62,450 00

4

1 0 0 ,0 0 0 00

4i

per cent.
«

Rate.

Amount.

$1,962,695 00
3,400 00

5 per cent.
6

Amount invested in real estate for banking purposes...........................................
Estimated value of the sam e ,........................................................................................
Assessed value of the s a m e ,........................................................................................
Number of loans which are of an amount not exceeding $3,000 each,
683

$105,370 72
105,370 72
55,000 00

Aggregate amount of the same.....................................................................................
Total number o f loans upon real e s t a t e , ................................................. 768
Gross amount of interest or profits received or earned, as per books,

856,295 00

during year ending Oct. 31, 1 8 9 5 , .....................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend ( 2 per cent., $60,113 38 )
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
61,833 39 1
Number of accounts opened during the year ending Oct. 31, 1895,
1,596
Number of accounts closed during the year ending Oct. 31, 1895,
1,260
Total number o f open accounts Oct. 31, 1895,
.
.
.
.
10,363

153,247 48

121,946 77

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year

9,781 35

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ........................................................... .........
9,046
Amount o f withdrawals, including dividends, during the year ending Oct.

635,182 73

31, 1895;
......................................................................................................................
Number of s a m e , ........................................................................................ 7,354
Date of examination by commissioner: September 17.

574,689 72


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

42

B E V E R L Y S A V IN G S B A N K — B E V E R L Y .
Incorporated Feb. 23, 1867.
R

obert

Present number of corporators, 62.

R . E n d ic o t t , P r e s id e n t .
C h a r l e s H . K i l h a m , T r e a su r e r .
C h a r l e s H . K i l h a m , C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment of its funds:
R o b e r t R . E n d ic o t t ,
S a m u e l J. F o s t e r ,

A u g ustus N . C l a r k ,
G eorge B u tm an .

Open for business every business day, 8.30

B a l a n c e Sh e e t O c t o 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 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 ) , .......................................
Loans on depositors’ books,
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

a .m .

to 1.30

p .m .

31,1895.

L ia b il it ie s .

$70,000
211,510
27,000
158,000
45.000

00
00
00

00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,880,036 32
57,500 00
1,748 17
2,700 89

2 0 .0 0 0 00

6,087 94
697,320 62
643,550 00
700
35
61,131
166
1,484

00

00
13
10

59

$1,941,985 38

$1,941,985 38

Cash on Deposit in B a n k : —
Beverly National Bank, Beverly...................................................................................$61,131 13
Loans on Bank Stock, amount on each: —
On 150 shares Hancock National Bank, B o s t o n ,................................................. $10,000 00
On
On
On
On

15 shares Beverly National Bank, B e v e r l y , ................................................. I
10 shares Gloucester Safe Deposit and Trust Company, Gloucester,
. j
24 shares First National Bank, S a l e m , ...........................................................
270 shares Hancock National Bank, B o s t o n ,.................................................

000 00
’
2,000 00
13,000 00

2

Loan on Railroad Stock: —
On 323 shares Boston & Maine R . R . , .....................................................................$45,000 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

43

Beverly Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Kansas City, Mo., 4às,.
Town of Beverly, Mass., 4s, .
of Winchester, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$25,000
35.000
10.000

$27,750 00
36,440 00
10,700 00

$25,000 00
35.000 00
10.000 00

$70,000

$74,890 00

$70,000 00

Mo. of
Shares.

Detailed Statement o f Bank Stocks.

200
100
66
58
75
20
57
80
100
20
50
61
100
75
30
73
50
33
20
50
50
50
100
50
60
50
18
177
71
67
28
87
60
67

Par Value.

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


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

$20,000
10,000
6,600
5,800
7,500
2,000
5,700
8,000
10,000
2,000
5,000
6,100
10,000
7,500
3,000
7,300
5,000
3,300
2,000
5,000
5,000
5,000
10,000
5,000
6,000
5,000
1,800
5,310
7,100
6,700
1,400
8,700
6,000
6,700

Estimated
Market Value.

$28,000
12,300
6,600
6,264
6,750
1,700
6,099
7,760
8,500
3,200
6,050
9,272
8,100
6,225
3,750
7,738
4,650
3,432
3,180
5,250
5,500
4,550
10,500
4,450
7,860
7,000
1,988
5,310
6,390
7,236
1,736
8,700
7,200
7,605

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

$211,510 $230,845 00

Amount Invested.

$20,000
10,000
6,600
5,800
7,500
2,000
5,700
8,000
10,000
2,000
5,000
6,100
10,000
7,500
3,000
7,300
5,000
3,300
2,000
5,000
5,000
5,000
10,000
5,000
6,000
5,000
1,800
5,310
7,100
6,700
1,400
8,700
6,000
6,700

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

$211,510 00

REPOET OF THE

44

[Pub. Doc.

Beverly Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Dexter & Piscataquis R.R. 4 s,.
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4s, .
Upper Coos R R. 4£s,
Worcester, Nashua & Roch. R.R. 4s,

$10,000
11,000
10,000
2,000
30.000
20.000
10,000
15.000
25.000
25.000

Estimated
Market Value.

$10,300
11,440
10,200
2,400
30,600
21,500
10,700
15,150
26,250
26,000

Amount Invested.

00
00
00
00
00
00
00
00
00
00

$10,000
11,000
10,000
2,000
30.000
20.000
10,000
15.000
25.000
25.000

00
00
00
00
00
00
00
00
00
00

$158,000 $164,540 00 $158,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

Kate.

$169,500 00
25,000 00

4 per cent.
4|
“

1 0 0 ,0 0 0 00

270,500 00

Amount.

Rate.

H

“

$25,000 00
65.000 00
175,050 00

5

4*

“

1 0 .0 0 0 00

H

4§ per cent.
45

Amount.

$94,083 47
1 ,1 0 0 00

“
“

478,372 15

Rate.

5J per cent.
5|
“

6

Am ount invested in real estate for banking purp oses,........................................$20,000 00
Estimated value of the s a m e , ..............................................................................
25,000 00
Assessed value o f the s a m e , ........................................................................................
26,625 00
Net income received from same during year ending Oct. 31, 1895,
.
.
509 80
Value, by books, of other real estate held or owned by foreclosure or
otherwise,
. • ............................................................................................................6,087 94
Assessed value of the same........................................................................................................... 87 5 0 0
Net income received from same during year ending Oct. 31, 1895,
.
.
Number of loans which are of an amount not exceeding $3,000 each, . 601
Aggregate amount of the s a m e , ...............................................................................
Total number o f loans upon real e s t a t e , ................................................. 636
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................

275 90
474,998 62

87,896 20

Times for the dividends fixed by the by-laws : fourth Wednesday in April
and October.
Rate and amount o f each semi-annual dividend 5 2 per cent., $34,240 5 4 )
during the year ending Oct. 31, 1895,
.
. ( 2 per cent., 35,178 36 >
Number of accounts opened during the year ending Oct. 31, 1895,
. 792
Number of accounts closed during the year ending Oct. 31, 1895,
. 520
Total number o f open accounts Oct. 31, 1895........................................
5,650


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Federal Reserve Bank of St. Louis

418

’

qn
0

No. 8.]

SAYINGS BANK COMMISSIONERS.

45

Beverly Savings Bank— Concluded.
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................$4,063 63
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 , ..................................................................................................
411,453 72
Number of s a m e , ........................................................................................ 4,935
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ........................................................................................4,346
Date o f examination by commissioner: March 5.


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Federal Reserve Bank of St. Louis

348,118 65

46

REPORT OF THE

[Pub. Doc

BOSTON F IV E CENTS S A V IN G S B A N K — BOSTON.

Incorporated April 7, 1854.

Present number of corporators, 63.

A lonzo H . E v a n s , P r e s id e n t .
C u r tis C. N ic h o l s , T r e a s u r e r .
E d w a r d E d m u n d s , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
A l o n zo H . E v a n s ,
L eander B eal,

A . H . Davenport,
W m . R . D upee,

S a m u e l A . Ca r l e t o n ,
W il m o t R . E v a n s ,
N a t h a n ie l J. R u s t .

Open for business every business day, 9 a . m . to 2 p . m . ; also Saturdays, 3 to 5
and 6 to 8 p . m . for deposits only.

B a l a n c e Sh e e 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 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 ) , .......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.


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

p .m .

31, 1895.

L ia b il it ie s .

$3,194,151
120,600
695,300
53,600
899,685
1,500
87,000

50
00

00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Suspense account, .
Real estate rents and
expenses,

$21,707,443 82
1,082,526 12
36,768 01
649,599 96
8 73
227 39

195,000 00
9,939,917 83
6,406,150 00
588,700
1,252,612
694
41,662

00
55
48
67

$23,476,574 03

$23,476,574 03

No. 8.]

SAYINGS BANK COMMISSIONERS.

47

Boston Five Cents Savings Bank — Continued.
Cash on Deposit in Banks, amount in each : —
First National Bank, A d a m s , .............................................................................. $15,000 00
Blackstone National Bank, B o s t o n , .....................................................................217,541 27
Lincoln National Bank, B o s t o n ,..............................................................................
41,433 85
Mechanics’ National Bank, B o s t o n , ....................................................................
11,529 49
National Bank of the Commonwealth, Boston......................................................
177,198 52
National Security Bank, B oston,..............................................................................
111,650 78
North National Bank, B o s t o n , ...............................................................................
181,370 74
Second National Bank, B o s t o n ,..............................................................................
268,543 01
Winthrop National Bank, B o s t o n , .....................................................................
108,344 89
Pocasset National Bank, Fall R i v e r , ....................................................................
50,000 00
First National Bank, S a l e m , ..............................................................................
10,000 00
Pynchon National Bank, Springfield,.....................................................................
40,000 00
Citizens’ National Bank, W o r c e s t e r ,.....................................................................
20,000 00

Loans on Public Funds, amount on each: —
On
On
On
On
On
On
On
On
On
On
On
On
On
On
On

$2,000 United States 4s.................................
$2,000 City of Boston, Mass., 5s, .
$2,000 Town o f Winthrop, M ass., 5s, .
$1,000 Town of Saugus, Mass., 4s,
$15,000 City of Dover, N . H., 4s, .
$17,000 Bay City, M ich., 4s, .
$17,000 Coos County, N . H ., 4s,
$41,000 City of Holyoke, M ass., 4s,
$5,000 City o f Lynn, M ass., 4s,
$3,000 State of Massachusetts 3Js, .
$7,000 Town of Medford, Mass., 4s,
$1,000 City of Minneapolis, Minn., 8 s, .
$7,000 City of Quincy, M ass., 4s, .
$1,000 United States 4s, .
$7,000 Malden, M ass., 4s,

$ 2,000 00
1,600 0 0
3,000 00
14,000 00

100,000 00

Loans on Bank Stock, amount on each: —
On 200 shares City National Bank, B o s t o n , ................................................. $13,000 00
On 25 shares First National Bank, South W eymouth,
.
.
.
.
2,200
On 122 shares Freeman’s National Bank, Boston................................................
8,700
On 84 shares Freeman’s National Bank, B o s t o n , ........................................
6,000
On 62 shares National Security Bank, Boston, .................................................
6,200
On 70 shares Atlas National Bank, B o s t o n , .................................................
6,000
On 70 shares National Bank of the Commonwealth, Boston,
.
.
.)
g qqq
On 10 shares Boston Safe Deposit and Trust Company, Boston,
.
. >
On 37 shares Home National Bank, B r o c k t o n ,.................................................
3,500

00
00
00
00
00
qo

00

Loan on Railroad B onds: —
On $1,500 Maine Central R .R . 7s............................................................................... $1,500 00

Loans on Railroad Stock, amount on each: —
On 20 shares Boston & Maine R . R . , ............................................................................... $2,000 00
On 100 shares Boston & Maine R . R . , ....................................................................
10,000 00
On 700 shares Boston & Maine R . R . , .....................................................................
75,000 00


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

[Pub. Doc

IiEPORT OF THE

48

Boston Five Cents Savings Bank — Continued.
Detailed Statement of Public Funds.

Par Value.

City of Biddeford, Me., 4s,
of Boston, Mass., 3£s,
of Boston, Mass., 4s,.
of Boston, Mass., 5s,.
of Brockton, Mass., 4s,
of Cleveland, Ohio, 4£s, .
of Cleveland, Ohio, 5s,
of Chelsea, Mass., 4s,
of Chicago, 111, 7s, .
of Chicopee, Mass., 4s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 6s, .
of Detroit, Mich., 7s,
of East Saginaw, Mich., 5s,
of Fort Wayne, Ind., 6s, .
of Indianapolis, Ind., 4s, .
of Keene, N H., 4s, .
of Lvnn, Mass., 4s, .
of Malden, Mass., 4s,
of Milwaukee, Wis., 4s, .
of Milwaukee, Wis., 5s, .
of Norwich, Conn., 4s,
of Salem, Mass., 5s, .
of Somerville, Mass., 5s, .
of So. Norwalk, Conn., 4s,
Town of Beverly, Mass., 4s,
of Brookline, Mass., 5s, .
of Danvers, Mass., 5s, .
of No. Attleboro’, Mass.
(Fire Dist.), 4s,
of North Easton, Mass.
(Village Dist.), 4s, .
of Spencer, Mass., 4s,
County of Carroll, N H., 4s, .
Commonwealth of Mass. 3s., .
District of Columbia 5s, .

$50,000
624,000
240,000
206,151
15,000
219,000
200,000
109,000
5,000
22,000
70,000
10,000
21,000
8,000
8,000
248,000
83,000
91,000
10,000
62,000
246,000
60,000
100,000
30,000
29,000
21,000
50,000
63,000

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

Estimated
Market Value.

$50,500
624,000
242,400
213,961
15,150
221,190
206,000
110,090
5,400
22,000
70,350
10,100
23,520
8,160
8,200
255,440
84,395
91,910
10,100
63,240
258,300
61,500
106,000
30,000
29,290
21,630
50,500
66,780

00
00
00
43
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.

$50,000
624,000
240,000
206,151
15,000
219,000
200,000
109,000
5,000
22,000
70,000
10,000
21,000
8,000
8,000
248,000
83,000
91,000
10,000
62,000
246,000
60,000
100,000
30,000
29,000
21,000
50,000
63,000

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

72,000 00

73,800 00

72,000 00

47,000
5,000
25,000
80,000
65,000

47,470
5,150
25,500
80,000
66,650

47,000
5,000
25,000
80,000
65,000

00
00
00
00
00

00
00
00
00
00

00
00
00
00
00

$3,194,151 50 $3,258,676 43 $3,194,151 50
*

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

250
274
234
130

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .


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

$25,000
27,400
23,400
13,000

Estimated
Market Value.

$30,000
26,852
23,166
16,250

00
00
00
00

Amount Invested.

$25,000
27,400
23,400
13,000

00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS

49

Boston Five Cents Savings B an k — Continued.

No. of
Shares

Detailed Statement o f Bank Stocks — Concluded.

Par Value.

Columbian N’l Bank, Boston,.
Continental N’l Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat'l Bank, Boston, .
Merchants’ Natl Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
108 N’l B’k of Redemption, Boston,
150 N’l B’k of the Republic, Boston,
202 National City Bank, Boston, .
100 National Eagle Bank, Boston,
101 National Exchange B’k, Boston,
325 N’l Hide & Leather B’k, Boston,
225 National Revere Bank, Boston,
200 Natl Rockland Bank, Boston,.
50 Natl Union Bank, Boston,
96 Nat’l Webster Bank, Boston, .
297 North National Bank, Boston,
515 Second National Bank, Boston,
216 Shawmut Nat’l Bank, Boston,.
161 State National Bank, Boston, .
225 Suffolk National Bank, Boston,
71 Third National Bank, Boston,.
395 Tremont Nat’l Bank, Boston, .
150 Washington N’l B’k, Boston, .
380 Wintlirop Nat’l Bank, Boston,
50 First N’l Bank, Marlborough,.
100 Third Natl Bank, Springfield,

330
100
250
100
350
100
223
47
168
280

Estimated
Market Value.

Amount Invested.

$33,000
10,000
25,000
10,000
35,000
10,000
22,300
4,700
16,800

$32,670
10,600
58,000
8,800
30,100
11,000
20,739
7,238
18,312

00
00
00
00
00
00
00
00
00

$33,000
10,000
25,000
10,000
35,000
10,000
22,300
4,700
16,800

00
00
00
00
00
00
00
00
00

28,000
10,800
15,000
20,200
10.000
10,100
32,500
22,500
2d,000
5,000
9,600
29,700
51,500
21,600
16,100
22,500
7,100
39,500
15,000
38,000
5,000
10,000

35,280
12,636
22,650
15,958
8,000
12,423
34,125
20,250
28,200
6,550
9,120
30,888
92,185
24,408
18,032
22,050
6,177
32,390
16,050
47,500
5,000
17,800

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

28,000
10,800
15,000
20,200
10,000
10,100
32,500
22,500
20,000
5,000
9,600
29,700
51,500
21,600
16,100
22,500
7,100
39,500
15,000
38,000
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

$695,300

$811,399 00 $695,300 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4js,
Eastern R.R. 6s,
. . .
Manchester & Lawrence R.R. 4s, .


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

Estimated
Market Value.

Amount Invested.

$300,000 $315,000 00 $300,000 00
6,o00 00
6,000
6,120 00
300,000 00
30n,000 00
300,000
50,000 00
52,500 00
50,000
69,685 00
83,622 00
69,685
174,000 00
176,610 00
174,000
$899,685

$933,852 00 $899,685 00

[Pub. Doc.

REPORT OF THE

50

Boston Five Cents Savings Bank— Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$ 1 , 1 1 7 ,6 1 2
130,000
60,000
300,000
1,070,000
701,000
50,000
38,100
50,000

Kate.

55
00
00
00

2
3

34
3 j7fi

00

3è

00
00

H

34

00

3f

00

3T9o

per cent.
<<
66
66
66
u
u

66

<<

Kate.

Amount.

00
00
00

4
per cent.
66
4|
66
4 t?_

00
00
00

44°
4|
41

$5,000
443,700
2.500
439,317
40,300
219,734
34,000
12,150
9,549

Amount.

$5,655,450
650,000
15,000
1,929,000
170,000
2,065,050
32,500
572,400
2,637,716

00
00

29

4f
4|
5

66
a

i<
<(
66

<(

Rate.

00
00
00

51 per cent.
54

50

5S
51

00

54

50

6

00

64

00

ei
7

54

U
a

<<
u

a
66
66

Amount invested in real estate for banking purposes........................................... $ 195,000 00
Estimated value of the s a m e , ...............................................................................
225,000 00
Assessed value of the s a m e , .........................................................................................
293,500 00
Number of loans which are of an amonnt not exceeding $3,000 each, 492
Aggregate amount of the s a m e , ...............................................................................
917,876 29
Total number of loans upon real e s t a t e , ................................................. 969
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , .........................................................................................
960,031 29
Times for the dividends fixed by the b y-la w s: second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 1£ percent., $291,686 81 1 g36 gg2 gg
during the year ending Oct. 31, 1 8 9 5 ,.
.
1 1| per cent., 345,196 08 I
Number of accounts opened during the year ending Oct. 31, 1895,
16,086
Number o f accounts closed during the year ending Oct. 31, 1895,
11,148
Total number of open accounts Oct. 31, 1895,
.
.
.
.
142,232
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
67,570 62
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , .................................................................................................. 5,838,714 08
Number of s a m e , ........................................................................................
134,644
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 5 , ...................................................................................................................... 5,436,230 79
Number of s a m e , .................................................
112,823
Date of examination by commissioner : October 29.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

51

BOSTON P E N N Y S A V IN G S B A N K — BOSTON.

Incorporated April 6 , 1864.

Present number of corporators, 95.

G eorge W . P o p e , P r e s id e n t .
H e n r y It. R
L e w is M . C l a r k , C le r k o f th e C o r p o r a tio n .

eyn o ld s, T rea su rer.

Names of committee charged with the investment o f its funds:
G eorge W . P o pe,
John G o l d t h w a it ,
Jo h n S w e e t s e r ,
Jo h n A . P r a y ,
W i l l i a m A . R u st ,
T homas N . H a r t,
D e x t e r N. R ic h a r d s .

Open for business every business day, 9

a .m

. to 3 p . m . ; and Saturdays, 5 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 schedue,
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,
.
.
.
.

31, 1895.

L iabilities .

$50,000
80,764
5,500
50,000

00
50
00
00

115,000
895,719
478,144
70,737
551
4,459

00
35
73
72
25
46

$1,750,877 01

Deposits, .
Guaranty fund,
Interest account,

$1,678,586 91
56,000 00
16,290 10

$1,750,877 01

Cash on Deposit in Banks, amount in each: —
Mount Vernon National Bank, Boston,
National Bank o f the Commonwealth, Boston,

$40,737 72
30,000 00

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

$500 00
5,000 00

[Pub. Doc

REPORT OF THE

52

Boston Penny Saving’s Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

$50,000

City of Malden, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$54,500 00

$50,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

42
50
50
150
50
50
25
37
50
100
32
11
41

Par Value.

$4,200
5,000
5,000
15,000
5,000
5,000
2,500
3,700
5,000
10,000
3,200
1,100
4,100

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

$68,800

Estimated
Market Value.

$5,302
6,162
5,031
12,787
4,700
5,037
4,006
4,144
5,300
10,625
3,328
1,243
3,649

50
50
25
50
00
50
25
00
00
00
00
00
00

$71,316 50

Amount Invested.

$6,384
6,300
6,050
15,000
6,250
5,325
3,600
4,662
5,525
11,550
3,632
1,402
5,084

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

$80,764 50

Detailed Statement o f Railroad Bonds.

Par Value.

$50,000

Concord & Montreal R R. 4s, .

Estimated
Market Value.

$52,625 00

Amount Invested.

$50,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.

Kate.

Amount.

$30,000 00
40,737 72
145,000 00

per cent.
“
4
“
2

2è


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

Rate.

Amount.

Rate.

4| per cent.
“
5
»

$ 1 1 1 ,1 0 0 0 0
98,444 73
3,000 00

5£ per cent.

Amount.

$50,000 00
297,900 00
673,919 35

4

6

7

No. 8.]

SAYINGS BANK COMMISSIONERS.

53

Boston Penny Savings Bank — Concluded.
Amount invested in real estate for banking p urposes,........................................
Estimated value of the s a m e , ..............................................................................
Assessed value of the same.............................................................................................

$115,000 00

Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 each,. 69
Aggregate amount of the same......................................................................................
Total number of loans upon real e s t a t e , ................................................. 177

3,898 87

Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................

100,000 00
82,000 00

120,719 35

79,001 18

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 f 2 per cent., $30,055 75 1
during the year ending Oct. 31, 1895,'
.
. i 2 per cent., 30,847 88 J
Number of accounts opened during the year ending Oct. 31, 1895,
1 ,3 9 7
Number of accounts closed during the year ending Oct. 31, 1895.
1,240
Total number of open accounts Oct. 31, 1895,
.
.
.
.
7,462

60,903 63

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................

7,877 0 0

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895,............................................................................................................

412,995 97

Number o f s a m e , ........................................................................................ 10,137
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , ........................................................................................ 6,673
Date of examination by commissioner : January 17.


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Federal Reserve Bank of St. Louis

366,781 39

[Pub. Doc.

REPORT OF THE

54

B R A IN T R E E S A V IN G S B A N K — SOUTH B R A IN T R E E .
Incorporated March 21, 1870.

Present number of corporators, 44.

B e n j a m in F . D y e r , P r e s id e n t .
C. H . H o b a r t , T r e a s u r e r .
C . H . H o b a r t , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:
B e n ja m in F . D y e r ,
P . D . H olbrook.

N . H . H unt,

Open for business every business day, 8

B alance

Sh eet

O ctober

a .m .

to 6

p .m .

31, 1895.
L ia b ilit ie s .

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, on interest,
Expense account,
Cash on hand.....................................

$19,000
30,500
55,000
132,043
350
7,876
111
761

00
00
00
00
00
37
90
47

$230,411 14
6,460 87
8,660 73

Deposits, .
Guaranty fund,
Interest account,
Premium,

110 00

$245,642 74

$245,642 74

Cash on Deposit in B a n k . —
Shawmut National Bank, B o s t o n , ..................................................................... $7,876 37

Detailed Statement o f Public Funds.

Par Value.

City of New Bedford, Mass., os,
of Worcester, Mass., 4£s,
Town of Braintree, Mass., 4s, .
of Brookline, Mass., 5s,
of Chatham, Mass., 4£s,
County of Aroostook, Me , 4£s,


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

$3,165
2,160
5.250
3,150
1,040
5.250

$3,000
2,000
5.000
3.000
1.000
5,000
$19,000

*

Estimated
Market Value.

00
00
00
00
00
00

$20,015 00

A legal investment when made.

Amount Invested.

$3,000
2,000
5.000
3.000
1.000
5,000

00
00
00
00
00
00*

$19,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

55

Braintree Savings Bank — Continued.

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

20 Blackstone N’l Bank, Boston,
18 Freeman’s Nat’l Bank, Boston,
5 Globe National Bank, Boston,
20 Manufacturers’ N’l B’k, Boston,
7 Merchants’ Nat’l Bank, Boston,
28 Mt. Vernon N’l Bank, Boston,
10 N’l B’k of No. America,Boston,
8 Nat’l Exchage Bank, Boston, .
10 N’l Hide & Leather B’k, Boston,
45 Shawmut Nat’l Bank, Boston, .
25 Shoe & Leather N’l B’k, Boston,
15 State National Bank, Boston, .
34 Tremont Nat’l Bank, Boston, .
8 Winthrop Nat’l Bank, Boston,
25 Brockton N’l Bank, Brockton,.
16 Union Market National Bank,
Watertown, .
.
.
.
11 Union Nat’l Bank, Weymouth,

$2,000
1,800
500
2,000
700
2,800
1,000
800
1,000
4,500
2,500
1,500
3,400
800
2,500

Estimated
Market Value.

$1,995
1,800
425
2,000
1,085
3,192
1,067
1,000
1,062
4,950
2,275
1,680
3,026
1,048
2,875

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

Amount Invested.

$2,000
1,800
500
2,000
700
2,800
1,000
800
1,000
4,500
2,500
1,500
3,400
800
2,500

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

1,600
1,100

2,000 00
1,210 00

1,600 00
1,100 00

$30,500

$32,691 00

$30,500 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 4s, .
Fitchburg R R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4s, .
Maine Central R.R. 4£s, .
Newport & Richford R.R. 5s, .
N. Y. & N. E. R.R. (terminal) 4s, .
Old Colony R.R. 4s,.
Portland & Ogdensburg R.R., 6s, .
Upper Coos R.R. 4£s,
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua &Roch. R.R, 4s,


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

$5,000
2,000
3,000
2,000
3,000
5,000
5,000
10,000
5,000
5,000
5,000
5,000
$55,000

*

Estimated
Market Value.

$5,215
2,020
3,200
2,020
3,240
5,250
5,500
10,700
5,450
5,400
5,350
5,200

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

$58,545 00

A legal investment when made.

Amount Invested.

$5,000
2,000
3,000
2,000
3,000
5,000
5,000
10,000
5,000
5,000
5,000
5,000

00
00
00
00
00
00*
00
00
00
00
00
00

$55,000 00

56

REPORT OF THE
Braintree Savings Bank —

[Pub. Doc.

Concluded.

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.

$7,876 37
53,300 00

Rate.

2£

5

per cent.
“

Amount.

$3,200 00
74,493 00

Rate.

5£ per cent.

Amount.

$1,400 00

Rate.

7 per cent.

6

Number of loans which are of an amount not exceeding $3,000 each,
122
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate............................................................ 125
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1895...............................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $4,121 33 )
during the year ending Oct. 31, 1895,
.
1 2 per cent.,
4,169 13 >
Number of accounts opened during the year ending Oct. 31, 1895,
. 157
Number o f accounts closed during the year ending Oct. 31, 1895,
.
99
Total number o f open accounts Oct. 31, 1 8 9 5 , ....................................... 816
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes)..............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , .................................................................................................
Number of s a m e , .......................................................................................................
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of same,
................................................................................................. 677
Date of examination by commissioner: March 5.


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

$117,193 00

10,767 47

8,290 46

837 16
55,877 15

50,203 18

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

[Pub. Doc

REPORT OF THE

58

Bridgewater Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 5s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, 5s,.
of Fall River, Mass , 6s, .
of Grand Rapids, Mich., 5s,
of Kansas City, Mo., 4£s,
of Lewiston, Me., 5s,
of Milwaukee, Wis., 5s, .
of Saginaw, Mich , 5s,
of Springfield, Ohio, 5s, .
County of Aroostook, Me., 4£s,

$5,000
5,000
5,000
5,000
4,000
5,000
5,000
5,000
15,000
1,000
5,000
5,000
$65,000

*

Estimated
Market Value.

$5,750
5,250
5,450
5,650
4,860
5,025
5,500
5,900
17,260
1,080
5,750
5,250

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

$72,725 00

Amount Invested.

$5,000
5,000
5,000
5,000
4,000
5,000
5,000
5,000
15,000
1,000
5,000
5,000

00
00*
00
00*
00
00
00
00
00
00
00
00*

$65,000 00

Legal investments when made.

No. of j
Shares.

Detailed Statement o f Bank Stocks.

13
50
44
10
40
20
10
20
10
30
30
20
6
20
30
24
10
30
10
30
22
25
8
36

Par Value.

Abington N’l Bank, Abington,
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Fourth National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National Eagle Bank, Boston,
National Security B’k, Boston,
Nat'l Rockland Bank, Boston,
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Washington N’l Bank, Boston,
Brockton N’l Bank, Brockton,
Home Nat’l Bank, Brockton, .
Blue Hill Nat’l Bank, Milton,
Plymouth N’l B’k, Plymouth,.
Bristol Co. N’l Bank, Taunton,


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

$1,300
5,000
4,400
1,000
4,000
2,000
1,000
2,000
1,000
3,000
3,000
2,000
600
2,000
3,000
2,400
1,000
3,000
1,000
3,000
2,200
2,500
800
3,600
$54,800

Estimated
Market Value.

$1,560
4,987
5,764
1,330
4,800
1,800
850
1,940
1,550
3,202
3,630
1,655
1,380
2,840
3,150
2,640
750
3,360
1,080
3,450
4,180
2,775
920
4,680

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

$64,274 00

Amount Invested.

$1,300
5,000
5,546
1,000
4,000
2,000
1,000
2,000
1,000
3,000
3,000
2,000
600
2,770
4,320
2,400
1,000
4,020
1,000
3,000
2,200
2,500
920
3,600

00
00
75
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$59,176 75

No. 8.]

59

SAYINGS BANK COMMISSIONERS.

Bridgewater Savings B an k — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Fitchburg R.R 6s, .
Maine Central R.R. 7s, .
Old Colony R.R. 4s,.
Old Colony R.R. 4£s,
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,
Upper Coos R.R. 4£s,

Estimated

Amount Invested.

Market Value.

$10,000
3.000
5.000
4.000
11,000
5.000
20,000
10,000
5.000
3.000
5.000
5.000

$11,550
3.090
5,025
4,300
11,605
5,150
27,200
10,700
5,225
3.090
5,450
5,400

$86,000

$97,785 00

$10,000
3.000
5.000
4.000
11,000
5.000
20,000
10,000
5.000
3.000
5.000
5.000

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

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

$86,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.

Rate.

Amount.

$265 79
18,000 00
10,000 00

0
4i

per cent.
“

4§

“

Amount.

Rate.

$103,200 00
11,100 00
159,790 13

5 per cent.
5h
“

Rate.

Amount.

$1,300 00
200 00

7 per cent.

8

6

Amount invested in real estate for banking p u r p o s e s ,.......................................
Estimated value of the sa m e ,.........................................................................................
Assessed value of the same.............................................................................................
Net income received from same during year ending Oct. 31, 1895,
Value, by books, o f other real estate held or owned by foreclosure or

$5,450 00
5,450 00
6,000 00

124 04

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 863,000 e a c h ,. 187

10,000 00

Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 159
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur­

163,855 92

ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend f 2 per cent.,
$9,514 19 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 9,797 63 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 212
Number of accounts closed during the year ending Oct. 31, 1895,
Total number of open accounts Oct. 31, 1895........................................


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

.

115
1,747

5,300 00

465 79
28,009 54
19,311 82

60

REPORT OF THE

[Pub. Doc.

Bridgewater Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,............................................................................................................
Number of s a m e , ........................................................................................ ........... 274

S 2 078 41
105,346 04

Amount o f withdrawals, including dividends, during the year ending Oct.
31> 1 8 95 ...............................................................................................................................
Number of same.............................................................................................. ^ 3 3 9
Date of examination by commissioner : M ay 7.


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

103,142 30

No. 8.]

SAVINGS BANK COMMISSIONERS.

61

B R IG H T O N F IV E CENTS S A V IN G S B A N K — (W ard 25),
BOSTON.

Incorporated March 28, 1861.

N . W a r r e n S anborn , P r e s id e n t .
G eorge E . B rock ,

Present number of corporators, 108.

G eorge E . B rock ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :

N . W . San born ,
G. A . F u l l e r ,

B en j . M. F is k e ,
W . F. W a r r e n ,
F. G. N e w h a l l .

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 ctober

.m . ;

31, 1895.

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,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand,
.
.
.
.

p

L ia b il it ie s .

$57,287
35,635
144,577
371,105
17,000
17,484
746
500
1,918

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Uncompleted mort­
gage loans, .

50
00
50
00
00
23
78
00
85

$646,254 86

$598,613 44
14.800 00
10,326 95
4,714 47
17.800 00

$646,254 86

Cash on Deposit in Bank : —
National Market Bank o f Brighton, Boston,


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

.

.

.

.

.

.

$ 17,484 23

[Pub. Doc,

REPORT OF THE

62

Brighton Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Bridgeport, Conn., 4s, .
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Cleveland, Ohio, 6s,
of Everett, Mass., 4s,
of Lynn, Mass., 4s, .
Town of Winchester, Mass., 4s,
County of Aroostook, Me., 4£s,

$5,550
5,325
8,080
2,125
10,400
3,330
4.100
5,350
6,240
4,057
5,475

$5,000
5,000
8,000
2,000
10,000
3,000
4,000
5,000
6,000
4,000
5,000
$57,000

*

Estimated
Market Value.

00
00
00
00
00
00
00
00
00
50
00

$60,032 50

Amount Invested.

$5,000
5,000
8,080
2,000
10,000
3,000
4,145
5,000
6,000
4,062
5,000

00
00
00
00
00*
00
00
00
00
50
00*

$57,287 50

Legal investments when made.

Shares.

1No. of

Detailed Statement o f Bank Stocks.

8
12
5
10
15
19
23
10
25
10
30
15
30
5
18
21
13
10
10
22
25
13
5
4

Par Value.

Blackstone N’l Bank, Boston,.
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Freeman’s N’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k, Boston,.
N’l Hide & Leather B’k, Boston,
N’l Market Bank, Brighton, .
Nat’l Revere Bank, Boston,
Old Boston N’l Bank, Boston,.
Shawmut N’l Bank, Boston, .
Shoe & Leather N’1 B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
First National Bank, Lynn,
Union Market N’l B’k, Watert o w n ,..................................


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

$800
1,200
500
1,000
1,500
1,900
2,300
1,000
2,500
1,000
3,000
1,500
3,000
500
1,800
2,100
1,300
1,000
1,000
2,200
2,500
1,300
500

Estimated
Market Value.

$800
1,563
650
1,000
2,028
1,529
2,075
970
1,949
1,600
2,775
1,575
2,872
468
1,966
2,394
1,173
1,107
1,020
1,958
2,143
1,309
625

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

Amount Invested.

$800
1,200
500
1,000
1,500
1,900
2,300
1,000
2,500
1,000
3,000
1,500
3,000
500
1,800
2,100
1,300
1,000
1,000
2,035
2,500
1,300
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

400 00

400 00

$35,800

$35,955 75

$35,635 00

No. 8.]

63

SAYINGS BANK COMMISSIONERS.

Brighton Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s..............................
Fitchburg R R. 4^s, .
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .
Leeds & Farmington R.R. 6s,
Maine Central R.R. 4s,
Maine Central R.R. 5s, .
Maine Central R.R. 7s, .
N. Y., Providence & Boston R.R. 7s,
Old Colony R.R. 4s,.
Portland & Ogdensburg R.R. 6s,
Portsmouth, Gt. Falls & Conway
R.R. 4ès,
.
.
.
.
.
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

$10,000
20,000
7,000
3,000
10,000
4,000
4,000
13,000
3,000
4,000
16,000
1,500
11,000
3,000
9,000
5,000

Estimated
Market Value.

$10,600
21,250
7,350
3,330
10,400
4,030
4,300
14,070
3,120
4,060
16,160
1,695
13,625
3,240
9,707
5,450

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

Amount Invested.

$10,625
20,000
7,000
3,000
10,197
3,990
4,000
13,000
3,095
4,060
16,110
1,500
11,000
3,000
9,000
5,000

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

10,000

11,550 00

10,000 00

10,000

12,100 00

10,000 00

$143,500 $156,037 50 $144,577 50

,

Total Amount o f Loans with Each Specified Rate o f Interest.

Amount.

$17,484 23
182,500 00

Kate.

2

per cent.

5

Amount.

$32,400 00
173,105 00

Kate.

5J per cent.
“

Amount.

$ 1 0 0 00

Rate.

8

per cent.

6

Number of loans which are of an amount not exceeding $3,000 e a c h ,. 123
Aggregate amount of the same...................................................................................... $187,305 00
Total number of loans upon real e s t a t e , ................................................. 153
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , .........................................................................................
29,745 58
Times for the dividends fixed by the by-laws : first Saturday in January
and July.
Kate and amount of each semi-annual dividend f 2 percent., $9,559 99 1
1 9 9 7 3 37
during the year ending Oct. 31, 1895,
.
. ( 2 percent., 10,413 38 1
’
Number of accounts opened during the year ending Oct. 31, 1895,
. 554
Number of accounts closed during the year ending Oct. 31, 1895,
. 241
.
.
.
.
2,909
Total number of open accounts Oct. 31, 1895,


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

64

REPORT OF THE

[Pub. Doc.

Brighton Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1895 (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 5 , ..................................................................................................
Number of s a m e , .........................................................................................3,928
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number o f s a m e , .........................................................................................2,134
Date of examination by commissioner : March 21.


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

$2,459 87
184,088 31

121,617 39

No. 8.]

65

SAYINGS BANK COMMISSIONERS.

BR ISTO L C O U N T Y S A V IN G S B A N K — T A U N T O N .

Incorporated March 2, 1846.

J oseph E . W il b a r , P r e s id e n t .
A l f r e d C. P lace ,

Present number of corporators, 83.

A lf red C. P lace ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds:

J oseph E . W il b a r ,
Z accheus S herm an ,
W il l ia m H. F ox ,
E zra D avol ,
S ilas D . P r e s b r e t .

Open for business every business day, except Saturdays, 9 a . m . to 1 p . m . ; Saturdays,
9 a .m . to 4 P.M.

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,
Loans 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 ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand.....................................

31, 1895.

L ia b il it ie s .

$1,21.5,000
352,500
1,225
570,000
50,U00

00
00
00
00
00

25,000
4,600
1,172,905
690,550

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$4,221,638 73
186,300 00
24,452 09
2,268 71

2 1 1 ,2 0 0 00

65
129,204
624
11,785

00
63
46
44

$4,434,659 53

$4,434,659 53

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,

$11,593 79

National Exchange Bank, Boston,
Holyoke National Bank, Holyoke,

24,343 08

Pynchon National Bank, Springfield, .
Bristol County National Bank, Taunton,

50,000 00


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

10,000 00
33,267 76

66

REPORT OF THE

[Pub. Doc.

Bristol County Savings B ank— Continued.
Loans on Bank Stock, amount on each: —
On
On
On
On
On

5
5
3
2
9

shares
shares
shares
shares
shares

1

Merchants’ National Bank, New Bedford,
First National Bank, New Bedford,
National Bank of Commerce, New Bedford,
Mechanics’ National Bank, New Bedford,
Bristol County National Bank, Taunton,

[■
I

$ 1,000 00

J

225 00

Loan on Railroad B onds: —

j

On $16,000 Boston & Maine R .R . 4Js,
On $10,000 New Britain, Conn., 4s,
.
.
.
On $25,000 Allegheny, Pa., 4 s , .......................................

$50,000 00

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Brockton, Mass., 5s, .
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 4s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
of Detroit, Mich., 4s,
of Dover, N. H., 6 s,.
of Gloucester, Mass., 4s, .
of Holyoke, Mass., 4s,
of Haverhill, Mass., 4s, .
of Kansas City, Mo., 4s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Manchester, N H.,4s, .
of Minneapolis, Minn., 4s,
of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of New London, Conn., 4s,
of Newport, R. I., 4s,
of Newton, Mass, 4s,
of Pawtucket, R. I., 4s, .
of Providence, R. I., 5s, .
of Somerville, Mass., 4s, .
of Springfield, Ohio, 4£s,.
of Taunton, Mass., 4s,
of Woonsocket, R. I., 4 s,.
Town of Cranston, R I., 4s, .
of Rockland, Mass., 4s, .
United States 4s,


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

Estimated
Market Value.

Amount Invested.

$50,000
$51,000 00 $50,000 00
30.000
^
51,800 00 5 30,000 00
20.000
} 20,000 00
50,000
51,500 00
50,000 00
100,000
101,500 00
100,000 00*
50,000
50,500 00
50,000 00
50,000
50,000 00
50,000 00*
20,000
20,000 00
20,000 00*
50,000
54,000 00
50,000 00
10,000
10,100 00
10,000 00
25,000
25,500 00
25,000 00
50,000
51,000 00
50,000 00
50,000
52,500 00
50,000 00
25,000
25,250 00
25,000 00
20,000
20,400 00
20,000 00
50,000
51,000 00
50,000 00
25,000
25,750 00
25,000 00
25,000
26,000 00
25,000 00
35.000
5 35,000 00
15.000 £ 52,500 00 1 15,000 00
30,000
30,600 00
30,000 00
10,000
10,100 00
10,000 00
50,000
52,500 00
50,000 00
20,000
20,000 00
20,000 00*
50,000
52,900 00
50,000 00
20,000
20,200 00
20,000 00
20,000
21,200 00
20,000 00
95,000
96,800 00
95,000 00
50,000
50,500 00
50,000 00
50,000
50,500 00
50,000 00
20,000
20,400 00
20,000 00
50,000
60,500 00
50,000 00
$1,215,000 $1,2ô6,50C 00 $1,215,000 00

Legal investments when made.

No. 8.]

SAVINGS BANK COMMISSIONERS

67

Bristol County Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

100
100
100
50
50
25
100
100
100
50
100
100
100
150
50
100
50
100
100
100
100
100
50
100
100
100
100
50
100
50
100
50
100
150
150
100

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
Merchants’ N’l Bank, Boston,.
Mt. Vernon N’l 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,
National Eagle Bank, Boston,.
Nat’l Exchange 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, .
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
First National Bank, Chelsea,.
Bristol Co. N’l Bank, Taunton,
Machinists’ N’l Bank, Taunton,
Taunton Nat’l Bank, Taunton,
Third Nat’l Bank, Springfield,

Estimated
Market Value.

Amount Invested.

$12,500 00 $10,000 00
$10,000
10,000 00
12,200 00
10,000
10,000 00
10,000 00
10,000
5,000 00
6,500 00
5,000
5,000 00
5,000 00
5,000
2,500 00
3,300 00
2,500
10,000 00
8,000 00
10,000
10,000 00
13,200 00
10,000
20,000 00
23,000 00
10,000
5,000 00
4,500 00
5,000
10,000 00
10,700 00
10,000
10,000 00
9,700 00
10,000
10,000 00
9,300 00
10,000
23,000 00
23,200 00
15,000
5,000 00
5,600 00
5,000
10,000 00
11,000 00
10,000
5,000 00
5,300 00
5,000
10,000 00
12,000 00
10,000
10,000 00
15,000 00
10,000
10,000 00
8,200 00
10,000
10,000 00
12,400 00
10,000
10,000 00
10,600 00
10,000
5,000 00
7,000 00
5,000
10,000 00
13,300 00
10,000
10,000 00
10,500 00
10,000
15,000 00
10,000 00
10,000
15,000 00
17,500 00
10,000
5,000 00
5,500 00
5,000
10,000 00
11,200 00
10,000
5,000 00
4,100 00
5,000
10,000 00
10,800 00
10,000
5,000 00
5,300 00
5,000
10,000 00
12,500 00
10,000
22,000 00
23,200 00
15,000
15,000 00
21,700 00
15,000
10,000 00
18,000 00
10,000
$322,500 $406,800 00 $352,500 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .


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

$50,000
50,000
50,000

Estimated
Market Value.

$55,000 00
50,000 00
51,000 00

Amount Invested.

$50,000 00
50,000 00
50,000 00

68

REPORT OF THE

[Pub. Doc

Bristol County Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Boston & Providence R.R. 4s, .
Boston,Revere Beach &Lynn R.R. 6s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4^s,
Old Colony R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R R. 4s,

$50,000
15.000
50.000
60.000
25.000
150,000
20.000
50,000

Estimated
Market Value.

$52,000
15,100
51.000
63,400
26.000
157,500
21,000
50,000

Amount Invested.

00
00
00
00
00
00
00
00

$50,000
15.000
50.000
60.000
25.000
150,000
20.000
50,000

00
00
00
00
00
00
00
00

$570,000 $592,000 00 $570,000 00

Total Amount o f Loans, with Each Specified Rate of Interest.

Amount.

$33,267 76
35,936 87
1 0 ,0 0 0 00
70,000 00
60,000 0 0

Kate.

Amount.

1£

per cent.

2
3
3£

“

$213,000 00
1 0 0 ,0 0 0 00

“

3|

“

425,100 00
275,680 00
26,000 00

Kate.

4 per cent.
4l

4£
4|

“

Amount.

$196,575
2,900
91,200
715,490

Rate.

00
00
00
00

5 per cent.
5i
“
H

“

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.............................................................................................
Net income received from same during year ending Oct. 31, 1895,
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,................................................. •
..........................................................
Assessed value o f the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 each,. 723
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 752
Gross amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1895,
...............................................................................
Times for the dividends fixed by the b y-law s: April 1 and October 1.
Rate and amount of each semi-annual dividend f 2 per cent., $79,471 71 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 80,961 12 i
Number o f accounts opened during the year ending Oct. 31, 1895,
1,261
Number of accounts closed during the year ending Oct. 31, 1895,
. 978
Total number o f open accounts Oct. 31, 1895,
.
.
.
.
10,618


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

$25,000
30,000
30,200
750

00
00
00
00

4,600 00
4,000 00
135 00
593,140 00

198,817 40
160,432 83

No. 8.]

SAYINGS BANK COMMISSIONERS.

69

Bristol County Savings Bank — Concluded.
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
.................................................................................................
Amount of deposits, not including dividends, received during the year end­

$8,415 83

ing Oct. 31, 1895,............................................................................................................
Number o f s a m e , ........................................................................................ 7,767
Amount of withdrawals, including dividends, during the year ending Oct.

605,451 88

31, 1895...............................................................................................................................
Number of s a m e , ........................................................................................ 7,433
Date of examination by commissioners : June 3.

622,262 74


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Federal Reserve Bank of St. Louis

70

REPORT OF THE

B R O A D W A Y S A V IN G S

Incorporated March 9, 1872.

A lfred A . L a m p r e y , P r e s id e n t .
G il b e r t E . H ood,

[Pub. Doc

BANK — LAW RENCE.

Present number of corporators, 24.

G il b e r t E . H ood,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment of its funds :
A . A . L am prey,
W il l ia m P. Cl a r k ,
W m . F . R utter ,
A . A . Cu r r ie r ,
J. W . H ig g in s .

Open for business every business day, except Saturdays, 9 a . m to 1 p .m . ; Saturdays,
9 a . m . to 12 m . and 2 p . m . to 3 p . m .

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,
Loans on railroad stock,
.
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

31, 1895.

L ia b il it ie s .

$197,000
130,800
66,400
246,000
18,000
529,648
337,750
500
39,352
908

00
00
00
00
00

00
00
00
35
04

$1,566,358 39

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,467,731 32
50,600 00
27,399 24
20,627 83

$1,566,358 39

Cash on Deposit in Bank : —
Lawrence National Bank, L a w r e n c e ,..................................................................... $39,352 35
Loans on Bank Stock, amount on each: —
On 134 shares Bay State National Bank, L a w r e n c e ,........................................$10,000 00
On 50 shares Arlington National Bank, Lawrence..............................................
3,500 00
On 33 shares Arlington National Bank, L a w r e n c e ,....................................... \
On 12 shares Lawrence National Bank, L a w r e n c e ,........................................£
4 ,5 0 0 00
On 200 shares Broadway National Bank, B o s t o n , ........................................
20,000 00
On 30 shares Pacific National Bank, Law rence,.................................................
3,000 00
On 100 shares Fourth National Bank, B o s t o n , .................................................
9,400 00


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Federal Reserve Bank of St. Louis

No. 8.]

71

SAYINGS BANK COMMISSIONERS

Broadway Savings Bank — Continued.
On
On
On
On
On
On

.

160 shares Hancock National Bank, B o ston ,.
29 shares Lawrence National Bank, Lawrence,
.
15 shares Lawrence National Bank, Lawrence,
10 shares Somerville National Bank, Somerville, .
25 shares Weiden National Bank, St. Albans, V t.,
10 shares Bay State National Bank, Lawrence,
.

$10,000

00

1,500 00
500 00
' I

3,500 00
500 00

Loan on Railroad Stock : —
On 152 shares Boston & Maine ...................................................................................$18,000 00

Detailed ¡Statement o f Public Funds.

Par Value.

City of Bay City, Mich., 8s,
of Chicago, 111., 4s, .
of Concord, N. H., 4s,
of East Providence, R. I., 4s, .
of Lynn, Mass , 4s, .
of Marlborough, Mass., 4s,
of Peoria, 111., 4£s, .
Town of Ft. Fairfield, Me., 4£s,
of Methuen, Mass., 4s, .
of Rockport, Mass., 4 s ,.
of Watertown, Mass., 4s,
County of Aroostook, Me., 4^s,

Estimated
Market Value.

$1,035
26,000
26.500
65,650
16.500
5,200
25,050
14,350
10,400
2,020
1,015
10.500

$1,000
25.000
25.000
65.000
15.000
5.000
24.000
14.000
10.000
2.000
1,000
10,000
$197,000

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

Amount Invested.

$1,000
25.000
25.000
65.000
15.000
5.000
24.000
14.000
10.000
2.000
1,000
10,000

00
00*
00
00
00
00
00
00
00
00
00
00*

$204,220 00 $197,000 00

* Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

50 Eliot Nat’l Bank, Boston,
50 Everett Nat’l Bank, Boston, .
33 Globe Nat’l Bank, Boston,
50 Hamilton Nat’l Bank, Boston,
50 Howard Nat’l Bank, Boston, .
50 Manufacturers’ N’l B’k, Boston,
50 Market Nat’l Bank, Boston, .
100 N’l B’k of Commerce, Boston,
50 N’l B’k of No. America, Boston,
44 National City Bank, Boston, .
50 Nat’l Eagle Bank, Boston,
15 N’l Hide & Leather B’k, Boston,


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Federal Reserve Bank of St. Louis

Par Value.

$5,000
5,000
3,300
5,000
5,000
5,000
5,000
10,000
5,000
4,400
5,000
1,500

• Estimated
Market Value.

$6,650
4,250
2,700
5,350
4,850
5,000
4,000
11,110
5,350
3,560
4,150
1,590

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

Amount Invested.

$5,000
5,000
3,300
5,000
5,000
5,000
5,000
10,000
5,000
4,400
5,000
1,500

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

REPORT OF THE

72

[Pub. Doc

Broadway Savings B an k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks— Concluded.

33
76
100
50
100
169
64
140

Par Value.

Nat’l Webster Bank, Boston, .
Shawmut N’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat'l Bank, Boston, .
Bay State N’l B’k, Lawrence, .
Lawrence N’l B’k, Lawrence, .

$3,300
7,600
10,000
5,000
10,000
16,900
4,800
14,000
$130,800

Estimated
Market Value.

$3,430
8,360
9,100
5,600
10,500
15,040
7,680
17,500

Amount Invested.

00
00
00
00
00
00
00
00

$135,770 00

$3,300
7,600
10,000
5,000
10,000
16,900
4,800
14,000

00
00
00
00
00
00
00
00

$130,800 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R 5s, .
Old Colon^ R.R. 4s,.
Salem & Lowell R.R. 6s,.

$10,000
50.000
10.000
50.000
50.000
50.000
25.000
1,000

Estimated
Market Value.

$10,550
50,875
10,400
52,500
52.000
55.000
26,750
1,050

Amount Invested.

00
00
00
00
00
00
00
00

$10,000
50.000
10.000
50.000
50.000
50.000
25.000
1,000

00
00
00
00
00
00
00
00

$246,000 $259,125 00 $246,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$39,352
43,000
160,000
106,400

Rate.

35
00
00

00

3 i per cent.
3|
4
“
4^
“

Amount.

$77,500
45,000
425,475
20,300

Rate.

00
00
00
00

4^ per cent.
4J
5
“
5*

Amount.

$ 1 0 ,0 0 0 00
61,640 00
95 00
2 ,8 8 8 00

Rate.

5| per cent.
“
«
7
6
6A

Number of loans which are of an amount not exceeding $3,000 each, 213
Aggregate amount of the s a m e , .............................................................................. $297,898 00
Total number of loans upon real e s t a t e , ................................................. 249
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ...............................................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.


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Federal Reserve Bank of St. Louis

67,104 08

No. 8.]

SAYINGS BANK COMMISSIONERS.

Broadway Savings Bank —

73

C oncluded.

Rate and amount of each semi-annual dividend f 2 per cent., $26,228 06 1
$53,249 46
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 27,021 40 J
Number of accounts opened during the year ending Oct. 31,1895,
Number of accounts closed during the year ending Oct. 31, 1895,
Total number o f open accounts Oct. 31, 1895,
.
.
.
.

.
.

847
581
3,487

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,............................................................................................................
Number of s a m e , ........................................................................................ 4,198
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of same...............................................................................................2,462
Date of examination by commissioner : January 15.


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

4,705 11
360,716 94

297,669 48

74

[Pub. Doc

REPORT OF THE

BR OCKTON S A V IN G S B A N K — BR OCKTON.

Incorporated March 3 ,1 881.

B a a l is Sa n f o r d ,

Present number of corporators, 50.

Ch arles C. Croo k er ,

P r e s id e n t .

W il l ia m W . C ross ,

T rea su rer.

C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds :

D avis S. P a c k a r d ,

E nos H. R eynolds ,
B radford E . J ones ,
G a rd n er J. K in g m an .

A . C ranston T hompson ,

Open for business every business day, except Saturday, 9 a . m . to 2 p .m . ; Saturday,
9 a .m . to 12 m .

Balance

Sh ee t

O ctober

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,
Deposits in banks, on interest, .
Expense account,
P r e m iu m s ,........................................
Furniture and fixtures,
Suspense account,
Cash on hand,
.
.
.
.

31, 1895.

$340,060 00
20,800 0 0
233,000 00
8 8 ,0 0 0 00

966,875
316,350
55,000
376
12,700
5,500
239
1,974

00
00
00
34

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Uncompleted mort­
gage loans, .
Real estate, income
account,

$1,948,957 16
60,500 00
2,124 31
1 0 ,0 0 0 0 0

19,150 00
144 09

88

00
17
17

$2,040,875 56

$2,040,875 56

Cash on Deposit in Banks, amount in each: —
Brockton National Bank, Brockton,
Home National Bank, Brockton, .
.
.
.
Massachusetts Loan and Trust Company, Boston,


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Federal Reserve Bank of St. Louis

$13,000 00
12,000 00
30,000 00

No. 8.]

75

SAYINGS BANK COMMISSIONERS

Brockton Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of
of
of
of
of
County

Biddeford, Me., 4s,
Brockton, Mass., 4s, .
Brockton, Mass., 5s, .
Cleveland, Ohio, 5s, .
Cleveland, Ohio, 6s, .
Fall River, Mass., 4s, .
Indianapolis, Ind., 4s, .
Somerville, Mass., 4s,.
of Aroostook, Me., 4is,
of Middlesex, Mass , 4s,
District of Columbia 6s, .
District of Columbia 7s, .

$1,000
170,360
5,700
25,000
5,000
25,000
35,000
21,000
12,000
30,000
7,000
3,000

Estimated
Market Value.

$1,000
174,262
6,013
27,375
5,130
27,750
36,175
21,822
12,600
30,375
8,120
3,570

00
45
50
00
00
00
00
50
00
00
00
00

Amount Invested.

$1,000
170,360
5,700
25,000
5,000
25,000
35,000
21,000
12,000
30,000
7,000
3,000

00
00
00
00
00
00
00
00
00*
00
00
00

$340,060 $354,193 45 $340,060 00
* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

10 N’l B’k of No. America. Boston,
10 Shawmut Nat’l Bank, Boston,.
100 Third National Bank, Boston,.
18 Tremont Nat’l Bank, Boston, .
50 Brockton N’l Bank, Brockton,
20 Home Nat’l Bank, Brockton, .

$1,000
1,000
10,000
1,800
5,000
2,000
$20,800

Estimated
Market Value.

$1,067
1,100
9,100
1,602
6,250
3,800

50
00
00
00
00
00

$22,919 50

Amount Invested.

$1,000
1,000
10,000
1,800
5,000
2,000

00
00
00
00
00
00

$20,800 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R 5s, .
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4s, .
Boston, Revere Beach & Lynn R.R. 6s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 5s, .
Maine Central R.R. 6s, .


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Federal Reserve Bank of St. Louis

$1,000
10,000
1,000
17,000
30,000
4,000
20,000
40,000
3,000

Estimated
Market Value.

$1,140
10,300
1,040
17,170
30,950
4,120
21,200
42,160
3,270

00
00
00
00
00
00
00
00
00

Amount Invested.

$1,000
10,000
1,000
17,000
30,000
4,000
20,000
40,000
3,000

00
00
00
00
00
00
00
00
00

76

REPORT OF THE

[Pub. Doc

Brockton Savings Bank— Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Maine Central R R. 7s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R.R 6s,.
St. Johnsbury & Lake Champlain
R.R. 5s,.
Vermont & Massachusetts R.R. 5 s,.
Worcester, Nashua & Roch. R.R. 4s,

$25,000
6,000
20,000
9,000

Estimated
Market Value.

$34,000
6,300
21,400
9,190

25,000
9,000
13,000
$233,000

Amount Invested.

00
00
00
00

29,750 00
9,630 00
13,420 00

$25,000
6,000
20,000
9,000

00
00*
00
00

25,000 00
9,000 00
13,000 00

$255,040 00 $233,000 00

* A legal investment when made.

Total Amount o f Loans, with Each Specified Rate o f Interest.

Rate.

Amount.

$25,000 00
30,000 00

2

1 2 0 ,0 0 0 00

4|

2h

per cent.
“

Amount.

Rate.

Amount.

$148,000 00
703,100 00
14,625 00

4J per cent.
5
“
5i
“

$296,000 00
1,500 00

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, 1895,
.

Rate.

6
6i

per cent.
“

$93,500
100,000
88,750
2,936

00
00
00
31

Number of loans which are of an amount not exceeding S3,000 e a c h ,. 427
Aggregate amount of the s a m e , ...............................................................................
486,575 00
Total number of loans upon real e s t a t e , ................................................. 461
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , .........................................................................................
91,426 57
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annual dividend f 2 per cent., f 31,949 34 1
66,850 57
during the year ending Oct. 31, 1895,
.
. i 2 per cent.,
34,901 23 i
Number of accounts opened during the year ending Oct. 31, 1895,
2,044
Number o f accounts closed during the year ending Oct. 31, 1895,
1,226
Total number of open accounts Oct. 31, 1895,
.
.
.
.
9,039
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ...................................................................................................
6,170 31
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,..................................................................................................
746,195 07
Number of s a m e , .................................................................................................12,139
Amount of withdrawals, including dividends, during the year ending Oct.
544,019 86
31, 1895................................................................................................................................
Number of s a m e , ...................................................................................................8,521
Date of examination by commissioner: February 7.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

77

B R O O K FIE LD S A V IN G S B A N K — B R O O K FIE LD .

Incorporated April 3, 1872.

Present number of corporators, 25.

G e o r g e W . J o h n s o n , P r e s id e n t .

H i r a m P . G e r a l d , T r e a su r e r .

H i r a m P. G e r a l d , C le r k o f th e C o r p o r a tio n .

N ames of committee charged with the investment o f its funds :
H.

V . Cr o sby,

F ran k E . P routy,

J. W . L i v e r m o r e .

Open for business every business day, 8

B alance

Sheet

a .m .

O ctober

m

. ; 1 to 6 p . m .

31, 1895.

A ssets .

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,
.
.
.
.

to 12

L ia b ilit ies .

$400 00
34,845 50
11,615 00

Deposits, .
Guaranty fund,
Interest account,

$45,314 57
2,559 53
1,274 87

2 ,0 0 0 00

63 38
217 81
7 28
$49,148 97

$49,148 97

Cash on Deposit in Banks, amount in each : —
Boston Safe Deposit and Trust Company, B o s t o n , .......................................
First National Bank, Worcester, ................................................................................
Mechanics’ National Bank, W orcester,.....................................................................

$4 03
52 78
6 57

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$63 38
2 ,0 0 0 00

Rate.

2

4è

per cent.
“


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Federal Reserve Bank of St. Louis

Amount.

$7,000 00
3,650 00

Rate.

5 per cent.
5è
“

Amount.

$35,810 50

Rate.

6

per cent.

[Pub. Doc

REPORT OF THE

78

Brookfield Savings Bank — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise,

$400 00

Assessed value of the same.............................................................................................
Number o f loans which are of an amount not exceeding $3,000 each,
79

450 00

Aggregate amount of the s a m e , ...............................................................................
Total number o f loans upon real e s t a t e , ................................................. 50
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1895,
...............................................................................

48,460 50

Times for the dividends fixed by the by-la w s: January 1 and July 1.
Rate and amount of each semi-annual dividend ( 2 per cent.,
$1,163 84 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
1,023 18 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 50
Number of accounts closed during the year ending Oct. 31, 1895,
. 181
Total number o f open accounts Oct. 31, 1895,
.
.
.
.
. 363
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) ,
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895,

.

.

.

.

.

.

.

.

.

.

.

Number o f s a m e , ...................................................................................................229
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895,
Number of s a m e , ...................................................................................................445
Date of examination by commissioner: April 25.


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

2,454 76
02

^

’

242 81
12,331 06

31,250 92

No. 8.]

SAYINGS BANK COMMISSIONERS.

79

B R O O K LIN E S A V IN G S B A N K — B R O O K LIN E .

Incorporated Feb. 24, 1871.

Present number o f corporators, 39.

W i l l i a m H . L i n c o l n , Presùmerai.

W i l l i a m E . L in c o l n , T r e a s u r e r .

W i l l i a m E . L i n c o l n , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:
Ch a s . H . St ear n s,

B. W . N eal,

T h om as P . R ic h ie ,

B enj. F . B a k e h ,

N a t h a n ie l L y f o r d ,

W i l l i a m E . L in c o l n .

Open for business every business day, 9 a . m . to 1 p . m . ; also Mondays and Wednesdays,
3 to 5 p . m . ; Saturdays, 6 to 8 p . m .

B a l a n c e S h e e t O ctober 31, 1895.

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
(notes).............................................
Deposits in banks, on interest, .
Expense account,
Taxes paid,.......................................
Cash on hand,
.
.
.
.

L ia b il it ie s .

$78,900 00
30,175 75
45.000 00
7,231 36
643,116 50
152,300 00
25.000
22,562
465
482
1,914

Deposits, .
Guaranty fund,
Interest account,
Uncompleted mort­
gage loans, .

$978,228 46
16,805 00
8,615 06
3,500 00

00
51
85
04
51

$1,007,148 52

$1,007,148 52

Cash on Deposit in Banks, amount in each: —
Central National Bank, B o s t o n , ............................................................................... $3,981 20
Shawmut National Bank, B o ston ,
........................................5,917 46
Brookline National Bank, B r o o k l in e ,.....................................................................
12,663 85


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Federal Reserve Bank of St. Louis

REPORT OF THE

80

[Pub. Doc.

Brookline Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Town of Brookline,
of Brookline,
of Brookline,
of Brookline,

Mass.,
Mass ,
Mass.,
Mass.,

3£s,
3|s,
4s,
7s,

$2,000
18,500
54,400
4,000
$78,900

$2,000
18,500
55,181
4,260

00
00
50
00

$79,941 50

$2,000
18,500
54,400
4,000

00

oo ;

00
00

$78,900 00

Detailed Statement o f Bank Stocks.
V. 03
O Q
. S-

*
Estimated

S
=
^J
GO

Market Value.

75 Central Nat’l Bank, Boston, .
50 National City Bank, Boston, .
12 National Eagle Bank, Boston,
37 Nat’l Revere Bank, Boston,
30 Tremont Nat’l Bank, Boston, .
43 Third Nat’l Bank, Boston,
20 Brookline N’l B’k, Brookline,

$7,500
5,000
1,200
3,700
3,000
4,300
2,000
$26,700

$9,750
4,050
990
3,446
2,670
3,913
2,400

00
00
00
00
00
00
00

$27,219 00

$11,400
5,000
1,200
3,700
3,000
3,875
2,000

00
00
00
00
00
75
00

$30,175 75

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................


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

$10,000
10,000
15,000

$11,550 00
10,050 00
16,150 00

$10,000 00
10,000 00
15,000 00

10,000

11,900 00

10,000 00

$45,000

$49,650 00

$45,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

Brookline Savings Bank — C

81

o n c lu d e d .

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$22,562 51
25.000 00
45.000 00

Rate.

2

Q8

per cent.
II

4

“

Amount.

$15,000 00
69.000 00
30.000 00

Rate.

Amount.

4| per cent.
4i
“
4f
“

$575,716 50
26,900 00
33,800 00

Rate.

5 per cent.
5.J
“
6

“

Amount invested in real estate for banking p u rp oses,........................................
Estimated value of the same...........................................................................................
Assessed value of the s a m e , ........................................................................................

$7,231 36

Net income received from same during year ending Oct. 31,1895,
Number o f loans which are of an amount not exceeding $3,000 each ,.
86
Aggregate amount o f the s a m e , ..............................................................................

240 00

7,500 CO

6,100 00

135,500 00

Total number of loans upon real estate............................................................158
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ...............................................................................

40,923 73

Times for the dividends fixed by the by-laws : second Monday in January
and July.
Rate and amount of each semi-annual dividend ( 2 per cent., $16,057 10 1
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,
17,165 60 1
Number of accounts opened during the year ending Oct. 31, 1895,
1,012
Number of accounts closed during the year ending Oct. 31, 1895,
. 546
Total number of open accounts Oct. 31, 1895........................................
5,255
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
........................................................... "
.
.
.
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 , ..................................................................................................

33,222 70

2,286 68
289,643 38

Number of s a m e , .........................................................................................7 701
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , .......................................................................................................
Date of examination by commissioner: March 1.


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

212,941 54

82

REPORT OF THE

[Pub. Doc,

C A M BR ID G E S A V IN G S B A N K — CA M BR ID G E .
Incorporated April 2, 1834.

Present number of corporators, 40.

C h a r l e s W . S e v e r , P r e s id e n t .

O scar F . A l l e n , T rea su rer.

J a m e s H . W y e t h , C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment of its fu n d s:
A n d r e w S. W a it t ,

C h arles W . S ever,

W il l ia m K im b a l l ,

J o h n T . G. N ic h o l s ,

E d w in D r esse r ,

E d w . R . Cog sw ell.

Open for business every business day, 8

B a l a n c e Sh e e t O c t o b e r

a .m

. to 1 f .m .

31, 1895.

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 railroad bonds, .
Loans 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, .
Expense account,
Suspense account,
Cash on hand,
.
.
.
.

$387,500
250,000
376,233
8,800

00
00
00

00
6 ,2 0 0 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$3,352,933 12
116,500 00
40,340 08
22,237 48

13,907 69
2,041,999 00
336,900 00
5,000
575
94,625
2,224
5
8,040

00
00
78
75
00
46

$3,532,010 68

$3,532,010 6 8

Cash on Deposit in Banks, amount in each: —
National Exchange Bank, Boston,
.
.
.
.
Charles River National Bank, Cambridge, .
National City Bank, Cam bridge,.......................................
Cambridge Safe Deposit and Trust Company, Cambridge,

$13,000 00
36,625 78
25,000 0 0
2 0 ,0 0 0 0 0

Loans on Railroad Bonds, amount on each: —
On $1,000 Old Colony R .R . 6 s, .
On $3,000 Maine Central R .R . 7 s

.
.
.
, .......................................
On $4,000 City of Bangor 6 s
, .................................................
On $1,000 City of Cincinnati 7 s ,* .................................................

$800 0 0

8 ,0 0 0 0 0

Loan on Railroad Stock: —
On 60 shares Boston & Maine R . R . , .......................................

$ 6,200 00

* The bank has been notified that this security is not legal, and must be changed.


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

No. 8.]

83

SAYINGS BANK COMMISSIONERS

Cambridge Savings Bank — Continued.
Detailed ¡Statement o f Public Funds.

Par Value.

City of Boston, Mass., 5s,
of Bridgeport, Conn., 4s,.
of Cambridge, Mass , 4s,.
of Cambridge, Mass., 6s,.
of Chicago, 111., 6s, .
of Chicago, 111., 7s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Dover, N. II., 4s,.
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 4£s, .
of Indianapolis, Ind., 4s, .
of Medford, Mass., 4s,
of Portsmouth, N. H., 4s, .
of Providence, R. I., 5s, .
of Saginaw, Mich., 4^s, .
of Saginaw, Mich , 5s,
of Springfield, Mass ,7s,.
of Waltham, Mass., 4s, .
Town of Brookline, Mass., 4s,.
of Mansfield, Mass., 4s,.
of Marblehead, Mass., 4s,
of Marshfield, Mass., 4s,
of Westborough, Mass., 5s, .
of Westport, Mass., 4s, .

Estimated
Market Value.

$2,000
25,000
25,000
8,000
5,000
8,000
9,000
2,000
10,000
20,000
1,000
25,000
40,000
13,000
25,000
27,000
25,000
1,000
1,000
7,000
11,000
9,500
1,000
55,000
14,000
18,000
$387,500

$2,280
26,500
27,750
9,270
5,250
8,780
9,720
2,010
10,200
23,200
1,060
27,500
40,600
13,000
25,625
29,050
26,685
1,090
1,210
7,035
11,165
9,975
1,045
55,550
15,680
18,050

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

Amount Invested.

$2,000
25,000
25,000
8,000
5,000
8,000
9,000
2,000
10,000
20,000
1,000
25,000
40,000
13,000
25,000
27,000
25,000
1,000
1,000
7,000
11,000
9,500
1,000
55,000
14,000
18,000

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

$409,280 00 $387,500 00

* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

159
225
18
107
42
9
69
93
126
58
194

Par Value.

Atlas National Bank, Boston,.
Boston National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l B'k, Boston, .
Freeman’s Nat’l 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,.


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

$15,900
22,500
1,800
10,700
4,200
900
6,900
9,300
12,600
5,800
19,400

Estimated
Market Value.

$19,557
22,500
1,944
14,231
5,586
810
5,865
9,951
12,222
4,640
31,040

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$19,054 25
24,740 62
2,203 25
12,489 12
5,484 75
900 00
6,900 00
11,590 00
14,067 49
5,800 00
27,402 25

[Pub. Doc

KEPORT OF THE

84

Cambridge Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

125
11
11
28
116
30
5
10
50
145
100
117
42
60
50
46
50

Par Value.

N’l B’k of Commerce, Boston,.
National Eagle Bank, Boston,
Nat'l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Rockland Bank, Boston,.
National Union Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Charles River National Bank,
Cambridge, .
.
.
.
First N’l Bank, New Bedford,
National Bank of Commerce,
New Bedford,
Newton Nat’l Bank, Newton, .
Naumkeag Nat’l Bank, Salem,

$12,500
1,100
1,100
2,800
14,600
3,000
500
1,000
5,000
14,500
10.000
11,700

Estimated
Market Value.

$13,875
913
1,375
2,968
13,578
4,260
675
1,100
5,600
15,225
9,100
10,413

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

Amount Invested.

$15,309
1,100
1,575
3,144
16,723
4,625
719
1,206
5,481
17,836
10,000
11,700

99
00
75
00
28
25
00
25
25
50
00
00

4,200
6,000

6,300 00
9,180 00

5,127 00
7,420 00

5,000
4,600
5,000

4,250 00
3,680 00
6,000 00

5,000 00
4,600 00
7,800 00

$212,600

$236,838 00 $250,000 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R R. 5s,
.
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4s, .
Concord & Montreal R R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R R. 6s,
. . .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 4£s, .
.
.
Maine Central R.R. 7s, .
Penobscot Shore Line R.R. 4s,.
Portland & Ogdensburg R.R. 6s,
Upper Coos R R. 4^s,
Vermont & Massachusetts R.R. 5s, .


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

$3,000
4,000
25,000
26,000
25,000
9,733
50,000
125,000
6,000
25,000
16,500
25,000
9,000
25,000
2,000
$376,233

Estimated
Market Value.

$3,120
4,040
26,000
27,040
26,375
11,680
51,500
137,500
6,180
27,000
22,440
25,000
9,765
27,125
2,140

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

Amount Invested.

$3,000
4,000
25,000
26,000
25,000
9,733
50,000
125,000
6,000
25,000
16,500
25,000
9,000
25,000
2,000

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

$406,905 00 $376,233 00

No. 8.]

SAYINGS BANK COMMISSIONERS

Cambridge Savings Bank —

85

C on clu d ed .

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$94,625
61,750
30,000
348,000

Rate.

78
00
00
00

2

4
44
44

per cent.
“
“
“

Amount.

$804,000
1,045,577
54,821
52,501

Rate.

00
00
00
00

4£ per cent.
5

54

6

“

Amount.

Rate.

$1,675 00
150 00

6£

1 ,0 0 0 00

74

“

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the s a m e , ........................................................................................
Number of loans which are o f an amount not exceeding $3,000 each ,. 341
Aggregate amount o f the s a m e , ..............................................................................
Total number of loans upon real estate,...........................................................466
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 5 , ..............................................................................

7

per cent.

“

$13,907 69
19,400 00
412,053 00

20,000 00

155,412
Times for the dividends fixed by the b y-la w s: fourth Thursday in Jan­
uary and July.
Rate and amount of each semi-annual dividend J 2 per cent., $62,246 55 1
109,664
during the year ending Oct. 31, 1895,
.
. ( 1£ per cent., 47,418 33 i
Number of accounts opened during the year ending Oct. 31, 1895,
1,199
Number of accounts closed during the year ending Oct. 31, 1895,
. 906
Total number of open accounts Oct. 31, 1895,
.
.
.
.
9,490
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes)..............................................................................................................
7,085
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895..............................................................................................................
624,990
Number of s a m e , ........................................................................................10,253
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
648,898
Number of s a m e , ........................................................................................8,924
Date of examination by commissioner: April 8 .


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

40

88

44
91

28

REPORT OF THE

86

[Pub. Doc

CAM BR IDGEPOR T S A V IN G S B A N K — CAM BR ID G EPO R T.

Incorporated Feb. 22, 1853.

Present number of corporators, 23.

D a n ie l U . C h a m b e r l i n , P r e s id e n t.
H e n r y W . B u l l a r d , T rea su rer.
J o sia h F . L a n e , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds:
A sa P. M o r s e ,
D ana W . H y d e ,
D a n ie l U . C h a m b e r l i n .

Open for business every business day, 8.30 a . m . to 1.30
Saturday of each month.

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,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Depo its in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.

p .m . ;

also 6 to 8

p .m .

the first

81, 1895.

L ia b il it ie s .

$1,853,264
102,725
233,872
35,247
1,434.794
233,175

50
00
55
98
94
00

33.500
92.500
2,179
3,300

00
00
32
56

$4,024,559 85

Deposits, .
Guaranty fund,
Interest account,

$3,815.517 78
165,000 00
44,042 07

$4,024,559 85

Cash on Deposit in Banks, amount in each : —
Cambridgeport National Bank, C am bridge,........................................................... $30,000 00
Fir.'t National Bank, Cambridge, .
.
.
.
.
.
.
.
.
25,000 00
National City Bank, C a m b r id g e ,...............................................................................
37,500 00


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

No. 8.]

SAVINGS BANK COMMISSIONERS.

87

Cambridgeport Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated

Par Value.

City of Bangor, Me., 4s,.
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 4s,
of Cambridge, Mass., 6s,
of Chicago, 111., 7s,.
of Cleveland, Ohio, 3.65s,
of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
of Dayton, Ohio, 6s,
of Dover, N. H., 4s,
of Fall River, Mass., 4£s,
of Grand Rapids,Mich.,4s,
of Grand Rapids,Mich.,4£s,
of Lawrence, Mass., 4s, .
of Lynn, Mass., 4s, .
of Lowell, Mass., 4s,
of Middletown, Conn., 4s,
of New Bedford, Mass., 5s,
of New Britain, Conn ,4s,
of Newton, Mass., 6s,
of Pawtucket, R. I., 4s, .
of Peoria, 111., 4£s, .
of Providence, R. I., 5s, .
of Reading, Pa., 4s,.
of Somerville, Mass., 4s,.
of Springfield, Mass., 7s,
of Springfield, Ohio, 4£s,
of Woburn, Mass., 4s,
of Worcester, Mass., 5s, .
Town of Arlington, Mass , 4s,
of Beverly, Mass., 4s, .
of East Providence, R.I.,
4s, .
of Kingston. Mass., 4s,.
of Lincoln, R. L, 4s,
of Maynard, Mass., 4s,.
of Rockland, Mass., 4s,.
of So. Abington, Mass.,4s,
of Weymouth, Mass., 4s,
of Woonsocket, R I., 4s,


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

Market Value.

Amount Invested.

$50,000
76,264
9,000
277,000
6,000
2,000
7,000
14,000
50,000
4,000
40,000
50,000
40,000
22,000
40,000
19,000
50,000
58,000
50,000
50,000
25,000
5,000
5,000
3,000
100,000
50,000
100,000
55,000
40,000
15,000
50,000
53,000
20,000
11,000
116,000

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

$51,500
81,028
10,473
289,875
6,082
2,122
7,052
14,420
54,625
4,235
40,400
50,500
43,356
22,632
41,600
19,380
54,500
59,885
51,437
53,000
26,000
5,400
5,100
3,570
103,425
52,500
114,000
55,962
41,000
16,200
54,875
54,101
22,600
11,495
119,920

00
90
75
00
50
50
50
00
00
00
00
00
25
50
00
00
00
00
50
00
00
00
00
00
00
00
00
50
00
00
00
25
00
00
00

$50,000
76,264
9,000
277,000
6,000
2.000
7,000
14,000
50,000
4,000
40,000
50,000
40,000
22,000
40,000
19,000
50,000
58,000
50,000
50,000
25,000
5,000
5,000
3,ooa
100,000
50,000
100,000
55,000

00
50
00
00
00
00*
00
00
00
00
00*
00*
00*
00
00
00
00
00
00
00
00
00
00
oo
00*
00
00
00

15,000
50,000
53,000
20,000
11,000
116,000

00
00
00
00
00
00

50,000
28,000
25,000
40,000
48,000
19,000
31,000
50,000

00
00
00
00
00
00
00
00

50,875
29,260
25,500
42,200
49,200
19,760
32,240
51,250

00
00
00
00
00
00
00
00

50,000
28,000
25,000
40,000
48,000
19,000
31,000
50,000

00
00
00
00
00
00
00
00

40 ,00 0 t o

$1,853,264 50 $1,944,540 15 $1,853,264 50
* Legal investments when made.

88

REPORT OF THE

[Pub. Doc

Cambridgeport Savings Bank — Continued.

No. of

Shares.

Detailed Statement o f Bank Stocks.

33
40
50
100
56
50
206
150
100
50
40
100
14

Tar Value.

Blackstone N’l Bank, Boston,
Eliot National Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
Nat’l Webster Bank, Boston, .
National Union Bank, Boston,
Suffolk National Bank. Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Cambridgeport National Bank,
Cambridge, .
.
.
.
hirst Nat’l Bank, Cambridge,.
National City B’k, Cambridge,

Estimated
Market Value.

$3,300
4,000
5,000
10,000
5,600
5,000
20,600
15,000
10,000
5,000

$3,308
5,200
4,256
10,725
6,272
5,250
27,810
15,787
8,900
5,400

4,000
10,000
1,400

5,000 00
18,000 00
2,380 00

$98,900

Amount Invested.

25
00
25
00
00
00
00
50
00
00

$3,300
4,000
5,000
10,000
5,600
5,000
20,600
15,000
10,000
5,000

00
00
00
00
00
00
00
00
00
00

4,000 00
13,825 00
1,400 00

$118,289 00 $102,725 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4s,
Eastern R R. 6s, .
Fitchburg R.R. 4s,
Fitchburg R.R. 5s,
Old Colony R.R. 4s,
Old Colony R.R. 6s,
Yermont & Massachusetts R.R. 5s,

$25,000
22,872
50.000
22.000
50.000
4,000
60.000

00
55
00
00
00
00
00

$233,872 55

Estimated
Market Value.

$26,250
27,561
50,500
23,625
51,250
4,050
64,800

00
42
00
00
00
00
00

Amount Invested.

$25,000
22,872
50.000
22.000
50.000
4,000
60.000

00
55
00
00
00
00
00

$248,036 42 $233,872 55

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$55.000 00
37,500 00
50,000 00

Bate.
1|
2

3*

per cent.
“
“


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

Amount.
$220,300 00
149,000 00
1,229,315 13

Bate.
4
4é
5

per cent.
“
“

Amount.
$14,300 00
38,004 81
550 00

Bate.
5k per cent.

6

“

6i

“

No. 8.]

SAYINGS BANK COMMISSIONERS.

89

Cambridgeport Savings Bank — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the s a m e , ........................................................................................
N umber of loans which are o f an amount not exceeding $3,000 each ,. 428

$35,247 98
44,900 00

606,474 42
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 537
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1895............................................................................................
178,125 81
Times for the dividends fixed by the by-law s: third Wednesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend f 2 per cent., $69,564 16 )
141,385 47
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
71,821 3 1 J
Number o f accounts opened during the year ending Oct. 31, 1895,
1,383
Number of accounts closed during the year ending Oct. 31, 1895,
. 787
Total number of open accounts Oct. 31, 1895,
.
.
.
.
12,029
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes)............................................................................................................
6,557 44
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895.....................................................................................................
676,900 77
Number of same.......................................................................................................12,536
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895..............................................................................................................................
625,458 19
Number of same, .................................................................................................. 8,824
Date of examination by commissioner: April 22.


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

90

REPORT

OF

[P u b . D o c

TUE

C A N TO N IN S T IT U T IO N FOR S A V IN G S — CA NTON.

Incorporated March 14, 1835.

Present number of corporators, 29.
N a t h a n ie l W . D u n b a r , T r ea su rer.

C h a r l e s E n d ic o t t , P r e s id e n t.

N a t h a n i e l W . D u n b a r , C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
W il l is S. S h e p a r d ,

N a t h a n ie l W . D u n b a r ,

F r a n c is D . D u n b a r ,

W il l ia m 0 . Ch a p m a n ,

T homas E . G rover.

Open for business every business day, except Saturdays, 8
Saturdays, 8 a . m . to 12 m .

B a l a n c e S h e e t O ctober

a .m .

m

. ; 1.30 to 4 p . m .

31,1895.

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, .
Cash on hand,
.
.
.
.

to 12

L ia b ilit ie s .

$131,100
51,225
4,000
105,500
6,620
279,220
62,775

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

00

$694,140 85
30,500 00
954 04
8 ,6 8 6

78

00
00

69,400 00
23,300 00
1,141 67
$734,281 67

$734,281 67

Cash on Deposit in Bank : —
Neponset National Bank, C a n t o n , ..................................................................... $23,300 00

Loan on Bank Stock : —
On 43 shares Neponset National Bank, Canton,


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

.

.

.

.

.

.

$4,000 00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

91

Canton Institution for S a v in g s — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Citv of Lawrence, Mass., 4s, .
of Lynn, Mass., 3^s,.
of New Bedford, Mass , 3Js,
of Providence, R. I., 5s, .
of Waltham, Mass., 4s,
of Woonsocket, R. L, 4s, .
Town of Canton, Mass., 4s,
of Oranire. Mass., 4s,
County of Hampden, Mass., 3s,

.

$15,000
13,500
10,000
10,000
8,000
20,000
35,000
10,000
10,000

$15,450
13,500
10,000
11,500
8,000
20,800
36,500
10,500
9,600

00
00
00
00
00
00
00
00
00

$15,000
13,500
10,000
10,000
8,000
20,000
35,000
10,000
9,600

00
00
00
00
00
00
00
00
00

$131,500 $135,850 00 $131,100 00

-

Detailed Statement o f Bank Stocks.
Estimated

° £

c 2
fe 5:

25
17
25
40
33
50
50
25
17
17
25
127
50

Market Value.

Atlas Nat'l Bank, Boston,
Blackstone N’l Bank, Boston,
Central Nat’l Bank, Boston, .
Freeman’s N’l Bank, Boston,.
Globe Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
N’lB’kofNo America,Boston,
Nat’l Eagle Bank, Boston,
Nat’l Webster Bank, Boston, .
North Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Neponset N’l Bank, Canton, .
Dedham N’l Bank, Dedham, .

$2,500
1,700
2,500
4,000
3,300
5,000
5,000
2,500
1,700
1,700
2,500
12,700
5,000
$50,100

$3,075
1,700
3,250
3,600
2,605
4,000
5,350
2,075
1,768
1,785
2,275
15,240
5,100

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

$51,823 00

$2,500
1,700
2,500
4,000
3,300
5,000
5,000
2,500
1,700
1,700
2,500
13,825
5,0u0

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

$51,225 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

>
Boston & Lowell TLR. 4s,
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .


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

$20,000
20,000
10,000
5,500

$21,000
20,800
10,400
6,600

00
00
00
00

Amount Invested.

$20,000
20,000
10,000
5,500

00
00
00
00

92

REPOET

OF

THE

[P u b . D o c

Canton Institution for Savings —

C oncluded.

Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Fitchburg R R. 4^s, .
.
Maine Central & European
American R.R. 4s,
.
Old Colony R.R. 4s,
.

.
.
& North
. .
. .

Estimated
Market Value.

Amount Invested.

$20,000

$20,200 00

$20,000 00

20,000
10,000

20,600 00
10,700 00

20,000 00
10,000 00

$105,500

$110,300 00

$105,500 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$23 300 00
69,400 00

2

4

Hate.

Amount.

per cent.
“

$135,500 00

Hate.

5 per cent.

Amount.

$210,495 00

Hate.

6

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the same.............................................................................................
Number o f loans which are of an amount not exceeding $3,000 each,. 219
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 o f interest or profits received or earned, as per books, dur­
ing year ending Oct 3 1 , 1 8 9 5 , ...............................................................................
Times for the dividends fixed by the by-laws : first Tuesday in April and
October.
Rate and amount of each semi-annual dividend f 2 per cent., $12,727 73 )
during the year ending Oct. 31, 1895,
.
. ( 2 per c e n t,
13,031 20 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 338
Number of accounts closed during the year ending Oct. 31, 1895,
. 237
Total number o f open accounts Oct. 31, 1895,
.
.
.
.
2,436
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes).............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of same.............................................................................................. 1,449
Am ount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , .........................................................................................1,329
Date of examination by commissioner : February 8 .


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

per cent.

$6,620 00
11,300 00
202,595 00
820 00
32,172 55

2g - 5g 9„
’

1,228 08
105,009 26

100,991 07

N o . 8 .]

S A V IN G S

BANK

93

C O M M IS S IO N E R S

CAPE A N N S A V IN G S B A N K — G LOUCESTER.

Incorporated April 15, 1846.

Present number of corporators, 36.

(Vacancy), P r e s id e n t .

G e o r g e J. M a r s h , T r e a s u r e r .

D a n i e l T . B a b s o n , C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment of its fund s:
R obert R . F ears,

Sy l v e st e r Cu n n in g h a m ,

J o h n E . So m e s ,

Jo h n C o r l i s s ,
G eorge J. M a r s h .

Open for business every business day, 9 a . m . to 1
close at 1 p . m .

p .m

B a l a n c e Sh e e t O c to ber

A ssets .

Public funds as per schedule,
.
Bank stock as per schedule,
Loans on bank stock ,.
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, .
Deposits in banks, not on interest,
Expense account,
.
Miscellaneous, .
.
.
.
Cash on hand,
.
.
.
.
•

. ; 2 to 3 p . m . ; during August,

31, 1895.

L ia b ilit ie s .

$4,000 00
271,100 00
1 ,0 0 0 00

64,910
136,735
1,983,527
1,164,248

05
25
00
00

Deposits, .
Guaranty fund,
Interest account,
Surplus, .
Taxes,
Due
on mortgage
loans, .
Sundry accounts,

$3,300,217
170,000
27,387
86,737
440

87
00
22
66

50

60,667 04
682 57

2 0 0 00

13,866
976
623
874
4,071

20
36
83
40
77

$3,646,132 86

$3,646,132 80

Cash on Deposit in Banks, amount in each: —
Third National Bank, B o s t o n , .............................................................................. $ 13,860 20
Gloucester National Bank, Gloucester,
.
.
.
.
.
.
.
976 36

Loan on Bank Stock: —
On 10 shares First National Bank, G lo u c e s te r ,................................................. f 1,000 00


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

94

REPORT

OF

[P u b . D o c

THE

Cape Ann Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

Town of Brookline, Mass., 7s,.

$4,000

Estimated
Market Value.

$4,000 00

Amount Invested.

$4,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston,.
Central Nat’l Bank, Boston, .
Everett Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston, .
100 N'l B’k of No. America, Boston,
166 N’l B’k of Redemption, Boston,
150 N’l B’k of the Republic, Boston,
50 National City Bank, Boston, .
100 National Eagle Bank, Boston,.
50 Nat’l Exchange Bank, Boston,
50 New England N’l B’k, Boston,
100 North National Bank, Boston,
25 Old Boston Nat’l Bank, Boston,
50 Second National Bank, Boston,
100 Shawmnt Nat’l Bank, Boston,
50 State National Bank, Boston, .
200 Third National Bank, Boston,.
50 Tremont Nat’l Bank, Boston, .
61 Cape Ann N’l B’k, Gloucester,
100 City Nat’l Bank, Gloucester, .
50 Gloucester N’l B’k, Gloucester,
100 Rockport N’l Bank, Rockport,

100
100
74
100
30
100
50
50
70
200
100
200


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

*

■

Amount Invested.

$10,000
10,000
7,400
10,000
3,000
10,000
5.000
5,000
7,000
20,000
10,000

$12,400
12,300
7,400
12,900
2,520
8,800
4,300
5,500
6,720
31,000
11,000

00
00
00
00
00
00
00
00
00
00
00

$10,000
10,000
7,400
10,000
3,000
9,000
4,500
5,000
7,000
20,000
10,000

00
00
00
00
00
00
00
00
00
00
00

20,000
10,000
16,600
15,000
5,000
10,000
5,000
5,000
10,000
2,500
5,000
10,000
5,000
20,000
5,000
6,100
10,000
5,000
10,000

25,800
10,700
19,422
23,100
4,000
8,100
6,100
7,850
10,400
2,600
8,950
11,300
5.600
17,600
4,200
8,540
16,000
6,750
12,500

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

20,000
10,u00
16,600
15,000
5,000
10,000
5,000
5,000
10,000
2,500
5,000
10,000
5,000
20,000
5,000
6,100
.10,000
5,000
10,000

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

$272,600
•

Estimated
Market Value.

$324,352 00 $271,100 00

N o. 8 .]

S A Y IN G S

BANK

95

C O M M IS S IO N E R S

Cape Ann Savings Bank — Conclud ed .
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$13,866 20
28,300 00

2

4

Kate.

Amount.

Rate.

Amount.

per cent.
“

$340,925 00
25,000 00

5 per cent.
5h
“

$2,734,750 00

6

2 0 ,0 0 0 00

7

Kate.

per cent.

Amount invested in real estate for banking purposes...........................................
Estimated value of tbe sam e,................................................. .........
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1895,
Value, by books, of other real estate held or owned by foreclosure or other­

$64,910
61,000
46.000
850

wise,
...............................................................................................................................
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 each, 1,089
Aggregate amount of the s a m e , ..............................................................................

136,735 25
110,250 00
6,409 63

Total number of loans upon real e s t a t e , ........................................1,181
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, 1895......................................................................................
Times for the dividends fixed by the b y-law s: April 1 and October 1.
Rate and amount o f each semi-annual dividend f 2| per cent., $70,240 47 )
during the year ending Oct. 31, 1895,
.
. 1 2| per cent., 71,336 63 I
Number of accounts opened during the year ending Oct. 31, 1895,
1,406
Number of accounts closed during the year ending Oct. 31, 1895,
1,230
Total number of open accounts Oct. 31, 1895,
.
.
.
.
9,586
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes), ...........................................................................................................
Amount of deposits, not including dividends, received during the year end­

05
00

00
24

890,950 00
67.000 00
173,094 39

141,577 10

7,498 34

ing Oct. 31, 1 8 9 5 ,...........................................................................................................
Number of same.............................................................................................. 7,736
Amount of withdrawals, including dividends, during the year ending Oct.

465,286 63

31, 1895...............................................................................................................................
Number o f s a m e , ........................................................................................ 7,746
Date of examination by commissioner: September 12.

575,381 18


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

96

REPORT

OF

[P u b . D o c

THE

CAPE COD F IV E CENTS S A V IN G S B A N K — H A R W IC H .

Incorporated March 16, 1855.

Present number of corporators, 60.

L e v i E l d r e d g e , P r e s id e n t .

A u g ustus C . Sn o w , T rea su rer.

A u g u s t u s C . S n o w , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
L evi E ldredge,

L u th e r F is k ,

A lex a n d e r T. N ew com b,

E l eazer K . Cr o w ell,

G o d f r e y H o p k in s .

Open for business every business day, 9

B a l a n c e Sh eet O ctober

to 1

p .m .

31, 1895.

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 sto c k ,.
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, .
Real estate to secure indebtedness,.................................................
Cash on hand,
.
.
.
.

a .m .

$ 1 0 ,0 0 0
25,721
60,889
11,023
164,765

00

65
75
86

Deposits, .
Guaranty fund,
Profit and loss
count, .

$730,159 79
2 2 ,0 0 0 00

ac7,104 48

00

1 ,0 0 0 0 0

600 40
194,108 13
258,178 58*
19,700 00
1 2 ,0 0 0 00
100 00

1,276 90
$759,264 27

$759,264 27

* This amount, in excess of the limit fixed by statute, has since been reduced.
Cash on Deposit in Bank : —
Cape Cod National Bank, Harwich,

.

.

.

$ 12,000 00

'}

$15,000

Loans on Public Funds, amount on each : —
On
On
On
On

$10,000 Town of Framingham Note,
$6,000 City of Brockton W ater Loan Bonds,
$10,000 Town of Revere Bonds,
.
.
$1,000 United States 4s, .
.
.
.


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

.

10,000 00

.

721 65

00'

No. 8.]

SAYINGS BANK COMMISSIONERS.

97

Cape Cod Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
On
On
On
On

50 shares Welden National Bank, St. Albans, V t.,
.
.
•
•
$5,000
52 shares Fourth National Bank, B o s t o n , .................................................
4,900
5 shares Cape Cod National
Bank, Harwich.........................................................
500
3 shares Cape Cod National Bank, H a r w i c h , .....................................
308

50f
160 00
100 00

On 3 shares Cape Cod National
Bank, H a r w i c h , .....................................
On 1 share Cape Cod National Bank, Harwich....................................................
On 4 shares Cape Cod National

00
00
00

Bank, Harwich................................................

55 36

Detailed Statement o f Public Funds.

City of Chicago, 111, 4s, .
*

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000

$10,400 00

$10,000 00*

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

18
40
7
38
31
26
16
15
26
30
30
6
43
48
24
20
57
42

Par Value.

Blackstone Nat’l Bank, Boston,
Everett National Bank,Boston,
Faneuil Hall N’l Bank, Boston,
Fourth National Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of No. America, Boston,
N’l B’k of the Republic,Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k,Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Cape Cod N’l Bank, Harwich,
First Nat’l Bank, Yarmouth, .

Estimated
Market Value.

Amount Invested.

$1,800
4,000
700
3,800
3,100

$1,800
3,200
931
4,560
3,440

00
00
00
00
00

$2,016
3,800
931
4,191
3,674

00
00
00
25
50

2,600
1,600
1,500
2,600
3,000
3,000
600
4,300
4,800
2,400
2,000
5,700
4,200

3,614
1,712
2,280
3,250
3,180
2,790
624
4,730
5,376
2,520
1,780
7,296
5,544

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

2,821
1,616
1,980
3,029
3,450
3,630
650
5,031
5,676
2,730
2,275
7,866
5,523

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

$51,700

$58,627 00

$60,889 75

Lj This amount, in excess of the legal limit, has since been reduced.


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

98

REPORT OF THE

[Pub. Doc,

Cape Cod Five Cents Savings Bank — Continued.
Detailed Statement o f Bailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4js,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 5s, .
.
.
.
Old Colony R.R. 4s,.
Portland & Ogdensburg R.R. 6s,
Vermont & Massachusetts R.R. 5 s,.

$20,000
5,000
1,000
10,000
20,000
25,000
20,000
20,000
25,000
5,000
10,000
$161,000

Estimated
Market Value.

$20,450
5,200
1,010
10,450
23,100
26,000
21,100
21,650
26,750
5,450
10,700

Amount Invested.

00
00 >
00 )
00
00 ^
00
00
00
00
00
00

$171,860 00

$26,172 00
30,975 00
25,000
20,000
20,483
26,200
5,399
10,536

00
00
00
00
00
00

$164,765 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$ 1 2 ,0 0 0
115,500
114,000
42,100

Rate.

00

2

00
00
00

4
4^
4à

per cent.
“
«
“

Amount.

$ 1 0 ,0 0 0 00
30,750 00
28,133 50

Rate.

Amount.

4§ per cent.
5
“

$101,240 21
875 00
66,133 51

5é

“

Rate.

6
6è

per cent.
“

7

Amount invested in real estate for banking purposes.................................................... $1,000 00
1,200 00
1,200 00

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 o f the s a m e , .........................................................................................
Number of loans which are of an amount not exceeding $3,000 each ,. 412
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ..................................................346
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, 1895..............................................................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.

Rate and amount of each semi-annual dividend f 2 per cent., $12,991 24 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
13,475 82 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 382
Number o f accounts closed during the year ending Oct. 31, 1895,
. 298
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,903


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

600 40
8,300 00
177,293 12
600 40
34,389 74

2g 467 06
’

No. 8.]

SAYINGS BANK COMMISSIONERS.

Cape Cod Five Cents Savings Bank —

99

Concluded.

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year

$2,824 85

ending Oct. 31, 1 8 9 5 ,..................................................................................................
Number of s a m e , ........................................................................................ 1,497
Amount of withdrawals, including dividends, during the year ending Oct.

149,171 44

31, 1895,
......................................................................................................................
Number of same.............................................................................................. 1,454
Date of examination by commissioner : August 9.

119,790 74


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

100

[Pub. Doc

REPORT OF THE

C E N T R A L S A V IN G S B A N K — L O W E L L .
Incorporated March 3, 1871.

Present number o f corporators, 61.

O l i v e r H . M o u l t o n , P r e s id e n t .
Sa m u e l A . C h a s e , T rea su rer.
S a m u e l A . C h a s e , C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
A r t h u r G. P o l l a r d ,
A m a sa P r a t t ,
Sam uel A . Ch a se .

D a n ie l S w a n ,
J o h n S. J a q u e s ,
H en ry C. Ch u r ch ,

Open for business every business day, 9

a .m .

to 1

p .m .

B a la n c e Sh e e t O ctober

p .m .

31, 1895.

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 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,
.
.
.
.

; and on Saturdays, 7 to 9

$ 6 6 ,0 0 0
2,400
210,600
9,100
71,000
1.967,416
'413,589
109,600
500
172,245
1,798

00

00
00

00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$2,780,308 60
123,500 00
1,298 33
119,142 93

00
46
00
00
92
48

$3,024,249 86

$3,024,249 86

Cash on Deposit in Banks, amount in each : —
Appleton National Bank, L o w e l l , ..................................................................... $20,000 00
Merchants’ National Bank, L o w e l l , .....................................................................
49,239
Old Lowell National Bank, L o w e l l , ....................................................................
20,000
Prescott National Bank, Lowell.................................................................................
25,000
Hancock National Bank, Boston,
.
.
, .................................................
20,000
Old Colony Trust Company, B o s t o n ,....................................................................
38,006

03
00
00
00
89

Loans on Public Funds, amount on each : —
On $1,400 United States 4 s , ....................................................................................................$1,400 00
On $1,000 United States 4 s , .........................................................................................
1,000 00


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

No

8.]

SAYINGS BANK COMMISSIONERS.

101

Central Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On
On

. .

13 shares Merchants’ National Bank, Lowell,
10 shares W am esit National Bank, Lowell, .
30 shares First National Bank, Lowell,
19 shares Prescott National Bank, Lowell, .
8 shares Appleton National Bank, Lowell, .
5 shares Tremont National Bank, Boston,
18 shares North National Bank, Boston,
5 shares First National Bank, Lowell, •

£

.}
[

$800 00
3,000 00
2,600 00

#1
f

1,600 00
500 00
600 00

On 10 shares Merchants’ National Bank, Lowell,

Detailed Statement o f Public Funds.
Estimated
Market Value.

City of Haverhill, Mass., 4s, .
of Lowell, Mass., 4s,
of Malden, Mass., 4s,
of Pawtucket, R. I., 4s,
Town of Andover, M a s s ., 4s, .
United States 5s,
. . .

*A

$15,000
6,000
5,000
5,000
10,000
25,000

$16,050
6,445
5,187
5,237
10,163
28,750

$66,000

$71,833 00

00
00
50
50
00
00

$15,000
6,000
5,000
5,000
10,000
25,000

00
00
00
00*
00
00

$66,000 00

legal investment when made.

Detailed Statement o f Bank Stocks.
co

Estimated
Market Value.

K 7.
100
66
50
200
100
18

50
50
50
100
60
27
100
50
20
63
70
50

Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Hamilton N’l Bank, Boston. .
Market Nat’l Bank, Boston, .
Merchants’ N’l Hank, Boston,
Metropolitan N’l B’k, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Shawmut N’l Bank, Boston, .
Second Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,


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

$10,000
6,600
5,000
20,000
10,000
1,300
5,000
5,000
5,000
10,000
6,000
2,700
10,000
5,000
2,000
6,300
7,000
5,000

$12,500
6,666
5,000
26,000
13,300
1,391
4,000
8,100
4,650
11,200
7,260
4,158
8,100
5,300
2,080
7,056
12,530
4,550

00
00
Q0
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$13,600
7,600
. 5,600
30,000
11,500
1,300
5,000
6,700
5,000
10,000
8,000
3,400
10,000
5,400
2,000
8,000
10,000
5,000

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

102

REPORT OF THE

[Pub. Doc

Central Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

50
50
100
30
150
52
10
20
50

Par Value.

Suffolk Nat’l Bank, Boston,
Georgetown National Bank,
Georgetown,
Appleton N’l Bank, Lowell, .
First National Bank, Lowell, .
Merchants1 N’l Bank, Lowell,
Old Lowell N’l Bank, Lowell,
Prescott Nat’l Rank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, Lowell, .

Estimated
Market Value.

Amount Invested.

$5,000

$5,200 00

$5,000 00

5,000
10,000
3,000
15,000
5,200
1,000
2,000
5,000

5,500
13,000
5,250
22,500
6,396
1,470
2,600
6,500

5,000
15,000
4,200
18,300
6,000
1,000
2,000
6,000

$173,100

00
00
00
00
00
00
00
00

$212,257 00

00
00
00
00
00
00
00
00

$210,600 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 4s, .
Maine Central R.R. 7s, .
N. Y., Providence & Boston R.R. 7s,
Portland & Ogdensburg R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. 5s,.
,
.
.
.
,

$10,000
4,000
15,000
5,000
7,000
5,000
10,000
6,000
3,000
1,000

Estimated
Market Value.

$10,775
4,156
15,800
5,275
7,280
5,200
10,150
8,145
3,270
1,090

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
4,000
15,000
5,000
7,000
5,000
10,000
6,000
3,000
1,000

00
00
00
00
00
00
00
00
00
00

5,000

5,987 00

5,000 00

$71,000

$77,128 00

$71,000 00

Total Amount o f Loans, with Each Specified Bate o f Interest.

Amount.

$87,245 92
2 0 ,0 0 0 00

65,000 00

Rate.

2

2è
3


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

per cent.
“

Amount.

Rate.

Amount.

Rate.

$284,000 00
95,500 00
238,224 00

4 per cent.
4i
“
4h
“

$1,752,681 46
32,200 00

5 per cent.
5h
“

1 0 0 ,0 0 0 00

6

No. 8.]

SAYINGS BANK COMMISSIONERS.

103

Central Savings Bank — Concluded.
Number o f loans which are of an amount not exceeding $3,000 each, 480
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 632
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur­

$641,924 00

ing year ending Oct. 31, 1 8 9 5 , ...............................................................................
Times for the dividends fixed by the by-laws : first Saturday in May and

130,841 68

November.
Rate and amount of each semi-annual dividend f 2 per cent., $49,940 17
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
51,132 08
Number o f accounts opened during the year ending Oct. 31, 1895,
1,185
Number o f accounts closed during the year ending Oct. 31, 1895,
. 843
Total number of open accounts Oct. 31, 1895,
.
.
.
.
6,527
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

25,307 46

101,072 25

clusive o f t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year

7,353 94

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number o f s a m e , ........................................................................................ 6,576
Amount of withdrawals, including dividends, during the year ending

501,950 67

Oct. 31, 1 8 9 5 , ............................................................................................................
Number o f same............................................................................................. 5,024
Date of examination by commissioner: February 14.

430,059 77


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

REPORT OF THE

104

[Pub. Doc.

C H A R L E S T O W N F IV E CENTS S A V IN G S B A N K — BOSTON.

Incorporated April 7, 1854.

Present number o f corporators, 41.

M a r k F . B u r n s , P r e s id e n t .
A u g u stu s W . S t o v e r , T r e a s u r e r
B e n j . F . S t a c e y , C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
M a r k F. Burns,
E m r ie B . S te tso n ,
G e o . S. P e n d e r g a s t ,
G eo. H . P e n d e r g a st ,
G eo . M . St a r b ir d .

Open for business every business day, 9 a . m . to 2
3 to 5 p .m .

p .m . ;

Ba l a n c e S h e e t O ctober

A ssets .

Bank stock as per schedule,
Loans on bank sto c k ,.
Railroad bonds as per schedule,
Loans on railroad bonds, .
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.....................................

Wednesdays and Saturdays,

31, 1895.

L ia b ilit ies .

$726,700
18,800
633,400
850

00
00

00

70,000
49,350
2,308,581
1,865,450
266,176
4,010

00
00
00
00
53
99

00

$5,943,318 52

Deposits, .
Guaranty fund,
Interest account,

$5,579,118 44
272,500 00
91,700 08

$5,943,318 52

Cash on Deposit in Banks, amount in each : —
Fourth National Bank, Boston, .
.
.
Manufacturers’ National Bank, Boston,
Monument National Bank, Boston,
. « .
National Bank of the Republic, Boston,


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

.

$65,171 59
69,319 95
72,457 11
59,227 8 8

No. 8.]

105

SAYINGS BANK COMMISSIONERS

Charlestown Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
On 260 shares Hancock National Bank, B o s t o n , ........................................$16,000 00
On 15 shares Monument National Bank, B o s t o n , ........................................
500 00
On 23 shares Monument National Bank, B o s t o n , ........................................
2,300 00

Loan on Railroad Bonds : —
On $1,000 Boston & Lowell R .R . 4 s , .....................................................................

$850 00

Shares.

' No. of

Detailed Statement o f Bank Stocks.

12
200
106
42
145
250
500
300
20
150
105
242
304
250
86
224
166
263
99
200
342
326
370
27
267
156
140
69
500
135
551
150
26
75
75
217
67
147

Par Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Bunker Hill N’l Bank, 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,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market National Bank, Boston,
Metropolitan N’l B’k, Boston,
Monument Nat’l 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,
National City Bank, Boston, .
N’i Hide & Leather B’k, Boston,
Nat’l Market Bank, Brighton,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk National Bank,Boston,
Tremont 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, Lynn, .
Blue Hill Nat’l Bank, Milton,
Newton Nat’l Bank, Newton, .


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

$1,200
20,000
10,600
4,200
14,500
25,000
50,000
30,000
2,000
15,000
10,500
24,200
30,400
25,000
8,600
22,400
16,600
26,300
9,900
20,000
34,200
32,600
37,000
2,700
26,700
15,600
14,000
6,900
50,000
13,500
55,100
15,000
2,600
7,500
7,500
21,700
6,700
14,700

Estimated
Market Value.

$1,200
24,650
10,573
4,200
18,995
49,500
52,500
39,900
4,780
19,500
9,450
20,570
29,488
25,000
6,880
20,832
39,010
29,193
10,716
24,200
51,984
26,386
39,220
2,585
24,797
16,224
14,700
7,590
45,500
14,141
49,039
28,500
2,730
15,000
9,900
30,380
7,437
11,760

00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
On
00
00
25
63
00
00
00
00
25
00
00
00
00
00
00
00
00

$730,400 $839,012 38

Amount Invested,

$1,200
20,000
10,600
4,200
14,500
25,000
50,000
30,000
2,000
14,800
10,500
23,300
30,400
24,200
8,600
22,400
16,600
26,300
9,900
20,000
34,200
32,100
37,000
2,700
26,700
15,600
14,000
6,900
49,500
13,500
55,100
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

$726,700 00

REPORT OF THE

10G

[Pub. Doc.

Charlestown Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Maine R.R. 4£s,
Concord & Claremont R.R.
Fitchburg R.R. 4s, .
Fitchburg R.R 4£s, .
.
Fitchburg R.R. 5s, .
.
Maine Central R.R. 4s, .
Upper Coos R.R. 4s,
.
Upper Coos R.R. 4£s,

$12,000
25,000
100,000
25,000
66,000
60,000
200,000
25,000
50,000
75,000

4£s,
.
.

.
.
.

.

$638,000

Estimated
Market Value.

$12,240
26,000
115,500
26,750
66,590
60,600
216,500
25,250
50,000
81,000

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$11,700
25,000
100,000
25,000
62,000
60,000
200,000
25,000
49,700
75,000

00
00
00
00
00
00
00
00
00
00

$680,430 00 $633,400 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$131,684
134,491
731,500
153,000

Rate.

99
54
00
00

2
2£

per cent.

4
4£

“

Amount.

Rate.

Amount.

Rate.

$881,500 00
104,200 00
1,478,125 00

4.1 per cent.
4£
“
5
“

$610,400 00
221,056 00
13,900 00

5£ per cent.
6
“
6£
“

Amount invested in real estate for banking purposes.................................... $70,000
Estimated value of the s a m e ,..............................................................................
Assessed value o f the s a m e , ..............................................................................

00
00
00

82,500
82,500

Net income received from same during year ending Oct.31, 1895,
.
.
3,277 82
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,...........................................................................................................
49,350
00
Assessed value of the s a m e , .............................................................................
57,650
00
Net income received from same during year ending Oct.31, 1895,
.
.
1,150 71
Number of loans which are of an amount not exceeding $3,000 each ,. 695
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real estate............................................................. 880
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 5 , ........................................................................................
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 f 2£ per cent.,$123,320 70 j
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 103,000 00* i
Number of accounts opened during the year ending Oct. 31, 1895,
2,236
Number o f accounts closed during the year ending Oct. 31, 1895,
1,262
Total number o f open accounts Oct. 31, 1895,
.
.
.
.
16,216


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

*

Estimated.

1,058,381 00
4,700 00
267,962 59

g 3 9 9 70
’

No. 8.]

SAYINGS BANK COMMISSIONERS.

Charlestown Five Cents Savings Bank

107

— C onclud ed .

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ...........................................................................................................$9,771 24
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,.................................................................................................. 1,057,293 58
Number of s a m e , ........................................................................................ 13,715
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ........................................................................................ 10,165
Date o f examination by commissioner : M ay 27.


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

781,771 57

108

REPORT OF THE

[Pub. Doc.

C H EL SE A S A V IN G S B A N K — C H E L SE A .

Incorporated April 29, 1854.

Present number of corporators, 148.

O tis H in m a n , P r e s id e n t .
A l b e r t A . F ic k e t t , T r e a s u r e r .
A l b e r t A . F ic k e t t , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:
O t is H in m a n ,
John T . H a d a w a t ,
A lo n zo C. T e n n e y ,
Jam e s G o u ld ,
J ohn K . H odgdon.

Open for business every business day, 8

a .m .

to 1

Ba l a n c e S h e e t O c t o b e r

A ssets .

Public funds as per schedule,
.
Loans on public funds,
Bank stock as per schedule,
Loans on bank sto c k ,.
Railroad bonds as per schedule,
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 or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand,
.
.
.
.

p .m .

; Saturdays, 4 to 8

p .m.

31, 1895.

L iab ilit ie s .

$645,950 00
2 0 ,0 0 0 00

152,300 00
1 0 ,0 0 0 00

189,100 00
175 00
44,401
38,736
1,652,943
334,010

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Suspense account, .

$2,968,365 87
152,000 00
20,572 55
81,006 10
4,781 66

36
21
00
00

31,500 00
2 0 0 00

62,543
4,589
36,911
3,366

16
72
50
23

$3,226,726 18

$3,226,726 18

Cash on Deposit in Banks, amount in each : —
Commercial National Bank, B o s t o n ,.....................................................................$30,365 38
First National Bank, C h e l s e a , ...............................................................................
32,177 78
Loan on Public Funds : —
On $20,000 Kansas City, M o., 4 £ s , ..................................................................... $20,000 00


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

No. 8.]

109

SAYINGS BANK COMMISSIONERS

Chelsea Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
On 40 shares First National Bank, C h e l s e a , .......................................................... $3,500 00+
On 40 shares Commercial National Bank, B o s t o n , ........................................
2,500 00
On 40 shares Fourth National Bank, B o s t o n , .................................................
4,000 00+
Loan on Railroad Stock: —
On 2 shares Boston & Maine R . R . , .....................................................................$175 00

Detailed Statement o f Public Funds.

Par Value.

City of Bay City, Mich., ,5s,
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cambridge, Mass , 6s,.
of Canton, Ohio, 5s,. • .
of Chicago, 111., 3.65s,
of Cleveland, Ohio, 4s, .
of Dayton, Ohio, 5s, .
of East Saginaw, Mich., 5s,
of Fall River, Mass., 6s, .
of Fort Wayne, lnd., 4£s,
of Gardiner, Me., 4s,
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 5s,
of Keene, N. H ., 4s,
of Lawrence, Mass., 6s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 4s,
of Lewiston, Me., 5s,
of Lowell, Mass., 4s,
of Lynn, Mass , 6s, .
of Newton, Mass., 4s,
of Peoria, 111., 4£s, .
of Providence, R. I., 4£s, .
of Saginaw, Mich., 4s,
of Taunton. Mass., 4s,
of Taunton, Mass., 6s,
of Wallingford, Conn., 4s,
of Waltham, Mass., 4s, .
of Worcester, Mass , 4£s,.
Town of Brookline, Mass., 5s,.
of Canton, Mass., 4s,
of Danvers, Mass., 5s, .
of Marblehead, Mass., 4s,
of Norwalk, Conn., 4s, .
of Westminster, Vt., 4s,
of Winthrop, Mass., 5 s,.
State of New Hampshire, 6s, .

$6,000
50,950
29,000
2,000
13,500
7,000
13,000
19,000
18,500
5,000
20,000
6,000
13,000
22,000
20,000
35,000
25,000
30,000
16,000
8,000
6,000
65,000
15,000
15,000
25,000
25,000
2,000
17,000
22,000
20,000
5,000
8,000
2,000
10,000
31,000
500
11,000
7,500

'Estimated.

Market Value.

$6,000
55,965
33,930
2,320
14,050
7,000
13,210
19,590
19,425
5,860
21,800
6,120
13,450
22,110
20,700
39,750
26,250
31,725
18,080
8,800
6,010
69,150
15,525
15,525
25,550
26,812
2,030
17,170
23,390
21,600
5,250
8,327
2,220
10,100
31,000
500
12,100
8,440

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

$645,950 $686,834 00

Amount Invested.

$6,000
50,950
29,000
2,000
13,500
7,000
13,000
19,000
18,500
5,000
20,000
6,000
13,000
22,00Q
20,000
35,000
25,000
30,000
16,000
8,000
6,000
65,000
15,000
15,000
25,000
25,000
2,000
17,000
22,000
20,000
5,000
8,000
2,000
10,000
31,000
500
11,000
7,500

$645,950 00

Legal investments when made.
f The bank has been notified that these loans must be brought within the legal limit.
*


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

00
00
00
00
00
00*
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

110

[Pub. Doc

REPORT OF THE

Chelsea Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

40
186
20
25
50
50
40
226
38
50
36
6
70
16
52
15
63
130
43
20
14
42
15
43
28
25
50
30
30
45
5
20

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Boston National B’k, Boston, .
Boylston Nat’l Bank, Boston,.
Central Nat’l Bank, Boston, .
Commercial N’l Bank, Boston,
Continental N’l B’k, Boston, .
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l 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,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National B’k, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,
Railroad Nat’l Bank, Lowell, .
Nat’l Exchange Bank, Salem,
First N’l Bank, So. Weymouth,

$4,000
18,600
2,000
2,500
5,000
5,000
4,000
22,600
3,800
5,000
3,600
600
7,000.
1,600
5,200
1,500
6,300
13,000
4,300
2,000
1,400
4,200
1,500
4,300
2,800
2,500
5,000
3,000
3,000
4,500
500
2,000
$152,300

Estimated
Market Value.

$5,040
22,878
2,000
3,275
6,500
4,000
4,320
30,058
3,078
4,500
3,492
480
5,950
2,560
5,772
1,605
7,623
19,760
3,483
1,660
1,750
4,368
1,575
4,730
3,136
2,625
4,550
2,670
3,180
5,940
500
2,300

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

Amount Invested.

$4,000
18,600
2,000
2,500
5,000
5,000
4,000
22,600
3,800
5,000
3,600
600
7,000
1,600
5,200
1,500
6,300
13,000
4,300
2,000
1,400
4,200
1,500
4,300
2,800
2,500
5,000
3,000
3,000
4,500
500
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

$175,358 00 $152,300 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Boston & Providence R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .


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

$25,000
20,000
45,000
2,000
20,000
52,000

Estimated
Market Value.

$26,250
23,100
47,250
2,020
20,200
55,780

00
00
00
00
00
00

Amount Invested.

$25,000
20,000
45,000
2,000
20,000
52,000

00
00
00
00
00
00

No. 8.]

Ill

SAYINGS BANK COMMISSIONERS.

Chelsea Savings B an k — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Maine Central R.R. 7s,
Old Colony R.R. 4s,.
Salem & Lowell R.R. 6s,.

$100
15.000
10.000

Estimated
Market Value.

Amount Invested.

$108 00
16,125 00
10,500 00

$100 00
15.000 00
10.000 00

$189,100 $201,333 00 $189,100 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$62,543 16
169.000 00
1 0 0 .0 0 0 00

Kate.

Amount.

Rate.

Amount.

per cent.
“
4*
“

$130,360 00
691,775 00

4J per cent.
5
“

$316,900 00
640,793 00

2\

4

Amount invested in real estate for banking p urposes,.......................................
Estimated value of the sam e,........................................................................................
Assessed value of the s a m e , ........................................................................................
Value, by books, of other real estate held or owned by foreclosure or other­
wise......................................................................................................................................
Assessed value of the s a m e , ........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 718
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate............................................................ 828
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 5 , .....................................................................

Rate.

5£
6

per cent.

$44,401 36
44,401 36
25,000 00
38,736 21
42,900 00
997,970 92
2,195 70

148,292 80
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $52,884 06
^ 107,211 22
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
54,327 16
Number of accounts opened during the year ending Oct. 31, 1895,
1,926
Number of accounts closed during the year ending Oct. 31, 1895,
1,269
Total number of open accounts Oct. 31, 1895........................................
13,811
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ),............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895, .
.
. ' .....................................................................
Number of s a m e , ................................................................................................. 17,221
Am ount o f withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , .................................................................................................11,448
Date o f examination by commissioner: March 14.


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

8,922 94
743,622 95

655,450 70

112

REPORT OF THE

[Pub. Doc.

CH ICOPEE S A V IN G S B A N K — CHICOPEE.
Incorporated Feb. 27, 1845.
J o h n B . W ood , P r e s id e n t .
L uther W

Present number o f corporators, 58.
H . H . H a r r is , T rea su rer.

h i t e , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
John B . W o o d ,
L . M. F e r r y ,

J. A . C a r t e r ,
Jas. L. P ea se.

Open for business every business day, 9

Ba lan ce Sh eet October

A ssets .

a .m .

to 3

p .m .

81, 1895.

L iab ilities .
l

Public funds as per schedule,
.
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans 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, .
Deposits in banks, not on interest,
Cash on hand,
.
.
.
.

$71,000
22,600
500
69.000
150
598,068
106,653

00
00
00
00
00
00

46,550
325
30.000
4,264
6,844

00
00
00
05
52

00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$955,954 57

$904,126 99
40,400 00
11,427 58

$955,954 57

Cash on Deposit in Banks, amount in each : —
First National Bank, C h ic o p e e ,...............................................................................$4,264 05
Hampshire County National Bank, Northampton...............................................
10,000
Chicopee National Bank, Springfield,.....................................................................
5,000
City National Bank, Springfield,...............................................................................
10,000
Pynchon National Bank, Springfield, .
.
.
• .......................................
5,000

00
00
00
00

Loan on Bank Stock : —
On 20 shares Third National Bank, Springfield,.................................................

$500 00

Loan on Railroad Stock : —
On 3 shares Boston & Albany R .R ............................................................................


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

$150 00

No. 8.]

113

SAYINGS BANK COMMISSIONERS

Chicopee Savings Bank — Continued.
Detailed ¡Statement o f Public Funds.

Par Value.

City of Altoona, Pa., 4s, .
of Chicopee, Mass., 4s,
of Lynn, Mass., 4s, .
of Milwaukee, Wis., 5s,
of Portland, Me., 6s,
of Providence, R. L, 4s,
Town of Rockport, Mass , 4s,

.
.
.
.
.
.

Estimated
Market Value.

$10,000
21,000
10,000
6,000
5.000
10,000
9.000

$10,200
21,925
10,600
6,990
6,250
1(',900
9,300

00
00
00
00
00
00
00

$71,000

$76,165 00

Amount Invested,

$10,000
21,000
10,000
6,000
5.000
10,000
9.000

00
00
00
00
00
00
00

$71,000 00

Detailed Statement o f Bank Stocks.
O. u<
£
o jS
^ 55

10
100
50
66

Par Value.

N’l B’k of Redemption, Boston,
First National Bank, Chicopee,
City Nat’l Bank, Springfield, .
Chapin N’l Bank, Springfield,

$1,000
10,000
5,000
6,600
$22,600

Estimated
Market Value.

$1,100
14,000
6,250
7,920

00
00
00
00

$29,270 00

Amount Invested.

$1,000
10,000
5,000
6,600

00
00
00
00

$22,600 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R R. 4s,
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4ès,
Boston & Providence R.R. 4s, .
Maine Central R.R. 5s,
Old Colony R.R. 4s,.
Old Colony R.R. 6s............................
Upper Coos R.R. 4^s,
,


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

Estimated
Market Value.

$10,000
10,000
4,000
10,000
3,000
20,000
5,000
7,000

$10,500
10,000
4,160
10,300
3,000
20,000
5,000
7,000

00
00
00
00
00
00
00
00

$69,000

$69,960 00

Amount Invested.

$10,000
10,000
4,000
10,000
3,01)0
20.000
50 0
7,000

00
00
00
00
00
00
00
00

$69,000 00

114

[Pub. Doc

REPORT OF THE

Chicopee Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.

Amount.

$45 000 00
19,000 00

Kate.

Amount.

Rate.

Amount.

4 per cent.
4^
“

$148,550 00
16,000 00

4£ per cent.
4|
“

$552,846 00
850 00

Kate.

5 per cent.
6

Number of loans which are of an amount not exceeding $3,000 each,
304
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 318
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $16,567 59
^
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,
17,020 53
Number of accounts opened during the year ending Oct. 31, 1895,
. 372
Number of accounts closed during the year ending Oct. 31, 1895,
. 223
Total number of open accounts Oct. 31, 1895........................................
2,226
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes),
..................................................................................................

“

$298,116 00

43,120 99

33,588 12

3,504 84

Amount of deposits, not including dividends, received during the year
en ling Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , .................................................................................................. 2,440

160,181 37

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ...................................................................................................1,793

144,354 32

Date of examination by commissioner: August 1.


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

No. 8.]

115

SAYINGS BANK COMMISSIONERS

CH ICOPEE F A L L S S A V IN G S B A N K — CH ICOPEE F A L L S .

Incorporated M ay 11, 1875.

Present number o f corporators, 33.

G e o r g e S. T a y l o r , P r e s id e n t .
H e n r y J. B o y d , T r e a s u r e r .
H e n r y J. B o y d , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
H . S. N e w e l l ,

G. M. M orton ,

J ames F l in t .

Open for business every business day, 8 to 11

a .m .

B a l a n c e Sh e e t Octo b er

p .m

. ; 6 to 7

p .m .

31, 1895.

L iab ilit ie s .

A ssets.

Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand,
.
.
.
.

; 1 to 4

$25,125
263,616
75,768
56,014
232
1,295

00
00
50
41
08
60

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$422,051 59

$401,284 93
8,275 66
1,026 57
11,464 43

$422,051 59

Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, Springfield,..................................................................... $10,232 08
City National Bank, Springfield,...............................................................................
12,396 16
Pynchon National Bank, Springfield,.....................................................................
9,262 86
Springfield National Bank, S p r i n g f i e l d ,...........................................................
Springfield Safe Deposit and Trust Company, Springfield,.
.
.
.
Third National Bank, S p r i n g f i e l d , .....................................................................


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

11,967 55
12,048 05
339 79

116

REPORT

OF

[P u b . D o c .

THE

Chicopee Palls Savings Bank —

C on clu d ed .

r No. o f
Shares.
1

Detailed Statement o f Bank Stocks.

Tar Value.

10
10
16

First National Bank, Chicopee,
First NT Bank, Easthampton,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
20 Hadley Falls N’l B’k, Holyoke,
13 Palmer National Bank, Palmer,
6 Agawam NT B’k, Springfield,
40 Chapin NT Bank, Springfield,
25 Chicopee N’l B’k, Springfield,
50 City Nat’l Bank, Springfield, .
20 First Nat’l Bank, Springfield,.

$1,000
1,000
1,600
2,000
1,300
600
4,000
2,500
5,000
2,000
$21,000

Estimated
Market Value.

Amount Invested.

$1,400 00
1,485 00
1,600
3,200
1,300
600
4,930
4,125
6,500
3,300

$1,000 00
1,485 00

00
00
00
00
00
00
00
00

$28,440 00

1,600
3,410
1,300
600
4,930
2.500
5,000
3,300

00
00
00
00
00
00
00
00

$25,125 00

Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.

$56,014 41

Kate.

4 per cent.

Amount.

$339,384 50

Kate.

5 per cent.

Amount.

-

Rate.

-

... M

Number of loans which are of 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 , ................................................. 166
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , .........................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount o f eachsemi-annual dividend f 2 per cent.,
$6,750 96
}
during the yearending Oct. 31, 1895,
.
. ( 2 per cent.,
7,026 93
Number of accounts opened during the year ending Oct. 31, 1895,
. 362
Number of accounts closed during the year ending Oct. 31, 1895,
. 230
Total number of open accounts Oct. 31, 1895.......................................
1,439
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ),............................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,...........................................................................................................
Number of s a m e , .................................................................................................. 2,795
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895........................................................................................ .........
Number of s a m e , .................................................................................................. 1,287
Date of examination by commissioner: August 2.


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

$228,319 50

18,184 51

13,777 89

1,075 71
120,401 26

82,504 96

No. 8.]

S A V IN G S

BANK

117

C O M M IS S IO N E R S

C IT IZ E N S ’ SA V IN G S B A N K — F A L L R IV E R .

Incorporated October, 1851.
John

C. M

il n e

Present number of corporators, 51.
E. E. H a t h

, P r e s id e n t .
G

eo.

H. E

ddy

aw ay

, T rea su rer.

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds:
John O . M
Sam

uel

il n e

W . H

,

ath aw ay

,

M . G. B . Sw

if t

,

H

arl

.

enry

H. E

Open for business every business day, 9 a . m to 1 p . m .

B a l a n c e Sh e e t October

31, 1895.

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, .
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

L ia b ilit ie s .

$125,000
321,240
128,000
4,372
2,248,935
846,721

00
00

17,999
108,643
627
2,341
1,997

80
74
81
37
83

00

63
70
00

Deposits, .
Guaranty fund,
Discount, .
Suspense,.
.

$3,805,879 88

$3,492,282
140,082
148,134
25,380

45
50
07
86

$3,805,879 88

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , .................................................
National Bank of Redemption, B o s t o n , ...........................................................
National Bank of the Republic, B o s t o n , ...........................................................
Washington National Bank, B o s t o n , .....................................................................
Pocasset National Bank, Fall R i v e r , .....................................................................


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

$24,700
31,396
31,238
21,307
627

98
64
20
92
81

118

REPORT

OF

[P u b . D o c

THE

Citizens’ Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bay City, Mich., 8s,
of Chicago, 111, 4s, .
of Fort Wayne, Ind., 6s, .
of Indianapolis, Ind., Is, .
of Kansas City, Mo., 4is,
of Milwaukee, Wis., 5s, .
of Somerville, Mass., 4£s,
of Waterbury, Conn., 4s,.
United States 4s,
,

Estimated
Market Value.

$705
26,000
2,120
20,600
27,500
32,255
5,300
10,945
9,680

$500
25.000
2,000
20.000
25.000
29.000
5.000
10,500
8.000

00
00
00
00
00
00
00
00
00

Amount Invested.

$500
25.000
2,000
20.000
25.000
29.000
5.000
10,500
8.000

00
00*
00
00
00
00
00
00
00

$125,000 $135,105 00 $125,000 00
*

A legal investment when made.

ÜO. of
Shares.

Detailed Statement o f Bank Stocks.

14 Boston Nat’l Bank, Boston,
6 Continental N'l Bank, Boston,
93 Eliot National Bank, Boston, .
250 Fir.-t National Bank, Boston, .
140 Howard Nat’l Bank, Boston, .
50 Merchants’ N’l Bank, Boston,.
77 N’l B’k of Commerce, Boston,
128 N’l B’k of Redemption, Boston,
25 N’l B’k of the Republic, Boston,
225 N’l Hide & Leather B’k, Boston,
281 Nat’l Revere Bank, Boston,
35 Shawmut Nat’l Bank, Boston,
51 State National Bank, Boston, .
25 Suffolk Nat’l Bank, Boston,
102 Washington N’l Bank, Boston,
174 Fall River N’l B’k, Fall River,
149 Massasoit N’l B’k, Fall River,
300 Metacomet N’l B’k, Fall River,
110 Nat’l Union Bank, Fall River,
800 Pocasset N’l Bank, Fall River,
180 Second N’l Bank, Fall River, .
13 Railroad Nat’l Bank, Lowell, .


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

Tar Value.

$1,400
600
9,300
25,000
14,000
5,000
7,700
12,800
2,500
22,500
28,100
3,500
5,100
2,500
10,200
17,400
14,900
30,000
11,000
80,000
18,000
1,300

Estimated
Market Value.

$1,400
648
12,090
64,750
13,580
8,000
8,547
15,488
3,800
23,850
25,852
3,815
5,712
2,600
11,016
19,140
22,350
37,500
11,550
116,000
30,600
1,690

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

Amount Invested,

$1,400
600
9,300
25,000
14,000
5,000
7,700
12,800
2,500
22,500
28,100
3,500
5,100
2,500
10,200
16,012
14,900
30,000
11,'>00
80,000
18,000
1,127

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

$322,800 $439,978 00 $321,240 00

N o . 8 .]

S A V IN G S

BANK

119

C O M M IS S IO N E R S

Citizens’ Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R R 4£s,
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s..............................
Maine Central R.R 4£s, .
Maine Central R R. 5s, .
Maine Central R.R. 6s, .
Maine Central R R. 7s, .
Portland & Ogdensburg R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. fis,...........................................
Worcester, Nashua & Roch. R.R. 4s,

$20,000
7,000
20,000
1,000
26,000
2,000
500
6,500
5,000

Estimated
Market Value.

$23,000
7,490
20,800
1,100
28,080
2,260
545
8,695
5,450

Amount Invested.

$20,000
7,000
20,000
1,000
26,000
2,000
500
6,500
5,000

00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00

17,850 00
25,750 00

15,000 00
25,000 00

$128,000 $141,020 00

$128,000 00

15,000
25,000

Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$108,643 74
276,000 00
52,000 00

2

3è
3|

per cent.
“

“

Amount.

Rate.

Amount,

Rate.

$372,959 80
267,500 00
1,406,755 00

4 per cent.
4£
“
5
“

$728,756 70
9,685 00

5£ 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, 1895,
Number of loans which are of an amount not exceeding $3,000 e a c h ,. 453

$4,372

63
3,810 00
127 0 2

Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real estate............................................................ 609
Gross amount of interest or profits received or earned, as per books, during

631,693 20

year ending Oct. 31,1895.............................................................................................
Times for the dividends fixed by the by-law s: second Monday in June

185,737 02

and December.
Rate and amount of each semi-annual dividend f 21 per cent., $72,557 22 1
during the year ending Oct. 31, 1895,
.
. ( 21 per cent., 74,485 47 i
Number of accounts opened during the year ending Oct. 31, 1895,
1,331
Number of accounts closed during the year ending Oct. 31, 1895,
1,038
Total number of open accounts Oct. 31, 1895,
.
.
.
.
5,994
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

147,042 69

clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year

10,469 34

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ........................................................................................ 5,114
Am ount o f withdrawals, including dividends, during the year ending Oct.

553,864 81

31, 1895...............................................................................................................................
N um ber o f s a m e , ........................................................................................ 4,737
Date of examination by commissioner: July 25.

519,599 78


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

120

REPORT

OF

THE

[P u b . D o c

C IT Y S A V IN G S B A N K — P IT T S F IE L D .

Incorporated April 13, 1893.
F

r a n c is

W . R

ockw ell

B

Present number of corporators, 28.

, P r e s id e n t .

e n j.

M. E

H

ngland

ir a m

B. W

e l l in g t o n

, T rea su rer.

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
H

R. P

enry

Jacob

G

ie r s o n

u n l ic h

H

,

W

,

A

ir a m

B.

W

m

. M. M

rthur

e l l in g t o n

ercer

A. M

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
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on inteiest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
F u r n itu r e ,.......................................
Cash on hand,
.
.
.
.

,

.

Open for business every business day, except Saturdays, 9 a
Saturdays, 9 a m . to 12 m . ; 1 to 6 p . m .

B a l a n c e Sh e e t O cto b er

,

il l s

m

.

to 12

m

.

; 1 to 3

p .m

.

31, 1895.

L ia b ilit ies .

$16,000
4,928
2,950
24,000
137,590
15,400

00

00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,

$212,667 92
585 84
504 77

3,400 00
2 0 00

2,019
2,132
864
2,858
811
783

67
34
10
75
76
91

$213,758 53

$213,758 53

Cash on Deposit in Banks, amount in each : —
First National Bank, A d a m s , .................................................
Agricultural National Bank, Pittsfield.....................................................................
Pittsfield National Bank, P i t t s f i e l d ,.....................................................................
Third National Bank, P ittsfie ld ,...............................................................................

$63 93
95 1 24
708 18
308 9 9

Berkshire Loan and Trust Company, Pittsfield.....................................................

2,119 67


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

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

121

City Savings Bank— Continued.
Loans on Bank Stock, amount on each: —
On 6 shares Pittsfield National Bank, P i t t s f i e l d , ........................................
On 10 shares Third National Bank, P it t s fi e ld ,.................................................
On 10 shares Berkshire Loan and Trust Company, Pittsfield, .
.
.
.
On 5 shares Berkshire National Bank, No. Adam s, .
• *
*

$550 00
1,000 00
1,000 00
400 00

Detailed Statement o f Public Funds.

Par Value.

Town of Adams, Mass., 5s,
of Stoughton, Mass., 4s,
United States os,
. . .

Estimated
Market Value.

Amount Invested.

$5,000
6,000
5,000

$5,600 00
6,360 00
5,736 00

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

$16,000

$17,696 00

$16,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

19
10
10

Par Value.

First Nat’l Bank, Springfield,.
Housatonic National Bank,
Stockbridge,
Berkshire NT B’k, No. Adams,

Estimated
Market Value

Amount Invested,

$1,900

$2,318 00

$2,318 00

1,000
1,000

1,550 00
1,075 00

1,535 00
1,075 00

$3,900

$4,943 00

$4,928 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Maine R.R. 4^s,
Concord & Montreal R.R 4s, .
Fitchburg R R. 5s, .
.
.
.
Penobscot Shore Line R.R. 4s,


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

$5,000
5.000
4.000
5.000
5.000
$24,000

Estimated
Market Value.

$5,337
5,837
4,210
5,300
5,250

00
00
00
00
00

$25,934 00

Amount Invested.

$5,000
5.000
4.000
5.000
5.000

00
00
00
00
00

$24,000 00

122

REPORT

OF

THE

[P u b . D o c .

City Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$2,019 67

2

Rate.

Amount.

per cent.

$146,480 00

Rate.

5 per cent.

Amount.
$12,880 00

Rate.

6

per cent.

Number o f loans which are of an amount not exceeding $3,000 each,
87
Aggregate amount of the same......................................................................................$98,860 00
Total number of loans upon real e s t a t e , ................................................. 86
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the b y-law s: first Thursday in January
and July.
Rate and amount of each semi-annual dividend! 2 per cent.,
$2,195 80 1
during the year ending Oct. 31, 1895,
.
. I 2 per cent.,
2,891 95 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 435
Number o f accounts closed during the year ending Oct. 31, 1895,
. 145
Total number of open accounts Oct. 31, 1 8 9 5 , ........................................ 772
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , .....................................................................•
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , .........................................................................................1,448
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ..................................................................................................618
Date of examination by commissioner : September 17.


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

6,099 88

- 0 g_
’

453

96

136,597 57

58,486 45

V

N o . 8 .]

S A V IN G S

BANK

C O M M IS S IO N E R S .

123

C IT Y F IV E CENTS S A V IN G S B A N K — H A V E R H IL L .

Incorporated March 31, 1870.
John

B. N

ic h o l s ,

Present number of corporators, 61.
G

P r e s id e n t .
G

W . N

eokge

oyes,

C le r k

W. N

eokoe

oyes,

T rea su rer.

o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
John
C.

B. N

ic h o l s ,

W . Ch

ase

I

,

ha

Sam
Joh n

0 . Sa
uel

w yeb

W . H

,

E. G a l e .

Open for business every business day, except Saturdays, 9
on Saturdays, 9 a . m . to 12 m .

B alan ce S h eet O ctober

a .m

.

to 12

m

.

; 2 to 3

p .m

. ;

31, 1895.
L iab ilit ie s .

A ssets .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank sto c k ,.
ltailroad bonds as per schedule,
Loans 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,
Premium account,
Taxes p a id ,.......................................
Cash on hand, .
.
.
.

,

o p k in s o n

$180,000
40,100
11,300
203,000
2,225
757,141
329,580
7,340
500
6,491
2,117
5,229
1,624
1,231

00

00
00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,444,874 26
70,300 00
21,240 01
11,466 68

00
00
93
42
20
72
68

$1,547,880 95

$1,547,880 95

Cash on Deposit in B a n k : —
First National Bank, Haverhill,


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

$6,491 93

124

REPORT

OF

THE

[P u b . D o c .

City Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
On 20 shares Amesbury National Bank, A m e s b u r y ,........................................
On 4 shares First National Bank, H a v e r h i l l , .................................................
On 2 shares First National Bank, Haverhill..........................................................
On
On
On
On

5 shares Haverhill Safe Deposit and Trust Company, Haverhill,
2 shares First National Bank, H a v e r h i l l , .................................................
5 shares First National Bank, H a v e r h i l l , .................................................
100 shares Essex National Bank, H averhill,.................................................

$1,700 00
400 00
600 00

200 00
400 00
8,000 00

Loans on Railroad Stock, amount on each: —
On
On
On
On

6 shares Boston & Maine R .R .,
2 shares Boston & Maine R .R .,
30 shares Boston & Maine R .R .,
18 shares Boston & Maine R .R .,

.
.

$600 0 0
125 00
500 00
.

1,000 00

Detailed Statement o f Public Funds.

Par Value.

City of Akron, Ohio, 5s, .
of Brockton, Mass., 4s, .
of Cleveland, Ohio, 4s, .
of Grand Rapids, Mich , 5s,
of Haverhill. Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Wat erbury, Conn., 4s,.
Town of Bradford, Mass., 4s, .

$27,000
7,000
20,000
25,000
51,000
10,000
25,000
15,000

Estimated
Market Value.

$27,405
7,245
20,700
25,375
53,065
10,400
25,374
15,337

00
00
00
00
00
00
00
00

Amount Invested.

$27,000
7,000
20,000
25,000
51,000
10,000
25,000
15,000

00
00
00
00
00
00
00
00

$180,000 $184,901 00 $180,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

74
30
25
9
30
211
9
13

Par Value.

Continental NT B’k, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ NT Bank, Boston,.
NT B’k of Commerce, Boston,
Tremont Nat’l Bank, Boston, .
First Nat’l Bank, Haverhill, .
Haverhill NT B’k, Haverhill, .
Merrimac NT B’k, Haverhill, .


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

$7,400
3,000
2,500
900
3,000
21,100
900
1,300
$40,100

Estimated
Market Value.

$7,992
2,550
4,000
999
2,670
27,430
1,350
2,080

00
00
00
00
00
00
00
00

$49,071 00

Amount Invested.

$7,400
"3,000
2,500
900
3,000
21,100
900
1,300

00
00
00
00
00
00
00
00

$40,100 00

N o. 8 .]

S A V IN G S

BANK

125

C O M M IS S IO N E R S .

City Five Cents Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R R. 4s, .
Boston & Maine R.R. 4^s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R 5s, .
Leeds & Farmington R.R. 6s, .
Maine Central R.R. 7s,
Old Colony R.R. 4s,.
Old Colony R.R. 6s,.
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,

$50,000
10,000
25,000
5,000
33,000
10,000
10,000
15,000
10,000
10,000
15,000
10,000

Estimated
Market Value.

$52,500
11,600
26,000
5,025
35,910
10,100
13,600
16,050
10,150

Amount Invested.

00
00
00
00
00
00
00
00
00

11,900 00
15,000 00
10,300 00

$50,000
10,000
25,000
5,000
33,000
10,000
10,000
15,000
10,000

00
00
00
00
00
00
00
00
00

10,000 00
15,000 00
10,000 00

$203,000 $218,135 00 $203,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$6,491 93
83.740 00
100,000 00

Kate.

34 per cent.
4
“
H

Amount.
$98,080 00
709,580 00

Kate.

\\

5

per cent.
“

Amount.
$33,950 00
82,736 00

5£ per cent.
6

“

Number o f loans which are of an amount not exceeding $3,000 each,
260
Aggregate amount o f the same.....................................................................................
Total number of loans upon real e s t a t e , ................................................. 293
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the b y-la w s: first Wednesday in June
and December.
Rate and amount of each semi-annual dividend f 2 per cent., $26,338 89
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,
27,081 22
Number of accounts opened during the year ending Oct. 31, 1895,
. 986
Number of accounts closed during the year ending Oct. 31, 1895,
. 746
Total number of open accounts Oc;. 31, 1895,
.
.
.
.
5,903
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of same,
.............................................................................. 5,244
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number o f s a m e , ........................................................................................ 3,710
Date of examination by commissioner: February 26.


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

Kate.

$365,790 00

70,320 78

J

53,420

11

3,957 56
258,267 20

244,045 26

[Pub. Doc

REPORT OF THE

126

C IT Y IN S T IT U T IO N FOR S A V IN G S — L O W E L L .

Incorporated April 12,1837.

Present number o f corporators, 37.
F . A . B u t t r ic k , T r e a s u r e r .

F r e d e r i c T . G r e e n h a l g e , P r e s id e n t .

F . A . B u t t r i c k , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
A d d is o n P u t n a m ,

F . T . G reenhalge,

L e o n a r d H u n tr ess,

H e n r y C . Cooper,

F ran k Coburn.

Open for business every business day, 9

a .m

.

to 1

p .m

B a l a n c e S h eet O ctober

; also Saturdays, 7 to 9

p .m

.

31, 1895.

L iab ilities .

A ssets .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank sto c k ,.
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, .
S u s p e n s e ,.......................................
Cash on hand,
.
.
.
.

.

$998,250
730,869
53,900
1,160,000
14,682
2,617,376
942,988

00
75
00
81
29
46

17,500
321,333
33,162
423

00
65
00
11

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

00

$6,336,247 96
380,000 00
101,824 04
72,414 07

$6,890,486 07

$6,890,486 07

Cash on Deposit in Banks, amount in each: —
Hancock National Bank, Boston,
National Bank of Redemption, Boston,
State National Bank, Boston,
.
.
Shoe & Leather National Bank, Boston,
Holyoke National Bank, Holyoke,
.
Appleton National Bank, Lowell,
.
Pynchon National Bank, Springfield, .
Third National Bank, Springfield,

$25,000 00
51,176 59
.
.
.
.

.
.
.
.

* This deposit, in excess of the limit, has since been reduced.


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

78
175
15.000
104,902
75.000
50.000

71
66

00
69*
00
00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

127

City Institution for Savings — Continued.
Loans on Bank Stock, amount on each: —
On 10 shares Wamesit National Bank, L o w e ll,................................................. $1,000 00
On 15 shares W amesit National Bank, L o w e ll,...................................................j
3,000 00
On 15 shares Brockton National Bank, B r o c k t o n , .......................................... j
On 5 shares Prescott National Bank, L o w e l l , .................................................
500 00
On 38 shares W amesit National Bank, L o w e l l ,.................................................
3,800 00
On 6 shares Appleton National Bank, L o w e l l , .................................................
600 00
On 111 shares Pacific National Bank, L a w r e n c e , ........................................
10,500 00
On 20 shares Lowell Trust Company, Lowell, t
............................
1,500
00
On 90 shares Old Lowell National Bank, L o w e l l , ............................
9,000
00
On 5 shares Appleton National Bank, L o w e l l , ................................................. ..
On 20 shares Lowell Trust Company, Lowell............................................................[
2,100 00
On
On
On
On
On
On
On

40
30
30
10
10
90
50

shares
shares
shares
shares
shares
shares
shares

Agawam National Bank, S p r in g fie ld ,............................
First National Bank, L o w e ll,...............................................
Old Lowell National Bank, L o w e l l , ...........................
Massachusetts Loan and Trust Company, Boston,
.
Prescott National Bank, L o w e l l , .....................................
Pacific National Bank, Lawrence, .
.
.
.
.
.
Appleton National Bank, L o w e ll,......................................

3,200
3,000
3,000

00
00
00
.
700 00
1,000
00
6,000 00
5,000
00

Detailed Statement o f Public Funds.
Par Value.

City of Altoona, Pa., 4s, .
of Cleveland, Ohio, 4s, .
of Des Moines, Iowa, 4s, .
of Fall River, Mass., 4s, .
of Fitchburg, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass , 4s,
of Milwaukee, Wis , 5s, .
of Saginaw, Mich , 4¿s, .
of Waterbury, Conn., 4 s,.
Town of Cranston, R. I., 4s, .
of Maynard, Mass., 4s, .
United States 4s,
.
,

$50,000
52,000
60,000
50,000
125,000
40,000
100,000
50,000
100,000
50,000
100,000
74,000
15,000
110,000

Estimated
Market Value.

$51,000
52,880
60,900
52,250
133,250
41,400
107,000
55,000
115,670
56,600
105,000
76,590
15,825
135,200

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

Amount Invested.

$50,000
52,000
60,000
50,000
125,000
40,000
100,000
50,000
100,000
50,000
100,000
74,000
15,000
132,250

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

$976,000 $1,058,565 00 $998,250 00

No. of 1
Shares. 1

Detailed Statement o f Bank Stocks.

80
200
204

Atlantic Nat’1 Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .


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

Par Value.

Estimated
Market Value.

$8,000
20,000
20,400

$10,100 00
24,650 00
20,400 00

Amount Invested.

$8,000 00
20,000 00
20,400 00

"Pub. Doc.

IiEPORT OF THE

128

City Institution for Savings — Continued.
Detailed Statement o f Bank Stocks — Continued.

'S 1

Estimated

SS
&C£
210
121
39
78
138
116
100
55
200
200
100
135
100
41
100
125
150
100
250
400
400
30
50
150
375
36
70
65
167
40
265
100
50
108
205
400
236
39
25
610
94
220
73
100
25

Market Value.

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 Nat’l Bank, Boston,
Globe Nat’l 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,
Massachusetts Loan & Trust
Company, Boston,
N’l B’k of Commerce, Boston,
National Bank of the 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,
Nat’l Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide &■Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l 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 Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k,Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, ,
Washington N’l B’k, Boston, .
Bay State N’l B’k, Lawrence, .
Appleton Nat’l Bank, Lowell, .
First Nat’l Bank, Lowell,
Prescott Nal’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, Lowell,
First N’l Bank, Marlborough,


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Federal Reserve Bank of St. Louis

$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

$21,052
16,368
7,731
6,118
13,455
15,768
13,000
4,702
47,950
17,025
10,725
13,085
8,01)0
7,051
9,325

50
00
75
00
00
00
00
50
00
00
00
00
00
00
00

AiiiuuiiiImèstçiii
$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

00
00
00
00
00
00
00
75
00
00
00
00
00
00
00

12,500
15,000

14,625 00
16,800 00

12,500 00
15,000 00

10,000
25,000
40,000
40,000
3,000
5,000
15,000
37,500
3,600
7,000
6,500
16,700
4,000
26,500
10,000
5,000
10,800
2t*,500
40,000
23,600
3,900
1,875
61,000
9,400
22,0()0
7,300
10,000
2,500

13,900
26,500
48,400
61,200
2,482
6,250
15,937
34,875
4,842
7,280
10,318
17,889
4,370
47,236
11,000
4,525
12,201
21,576
36,400
21,001
4,212
3,200
79,300
16,450
32,450
9,490
14,000
2,500

10,000
25,000
40,000
40,000
3,000
5,000
15,000
37,500
3,600
7,000
6,500
16,700
4,000
26,500
10,000
4,500
10,800
20,500
40,000
23,600
3,900
1,875
61,000
9,100
22,000
7,300
10,000
2,500

00
00
00
00
50
00
50
00
00
00
75
87
00
25
00
00
00
25
00
00
00
00
00
00
00
00
00
00

00
00
00
00
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.]

129

SAYINGS BANK COMMISSIONERS

City Institution for Savings— Continued.

No. o f
Shares

Detailed Statement o f Bank Stocks — Concluded.

42
56
11

Par Value.

Framingham National Bank,
South Framingham,
Merchants’ N’l Bank, Lowell,
Old Lowell N’l Bank, Lowell,

$4,200
5,600
1,100

Estimated
Market Value.

Amount Invested.

$4,830 00
8,400 00
1,320 00

$4,200 00
5,600 00
1,100 00

$731,375 $882,274 87 $730,869 75

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4Js, .
.
.
.
Fitchburg R.R. 5s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 4<£s, .
Old Colony R.R. 4s,
. . .
Sullivan County R.R. 4s,.
Worcester, Nashua & Roch. R.R. 4s,

$200,000
200,000
50.000
100,000
100,000
100,000
10.000
50.000
200,000
100,000
50.000

Estimated
Market Value.

$206,270
208,000
52.750
100,375
101,000
106,500
10,300
54,000
214.000
104.000
50.750

00 $200,000 00
200,000 00
00
50.000 00
00
100,000 00
00
100,000 00
00
100,000 00
00
10.000 00
00
50.000 00
00
00
200,000 00
100,000 00
00
50.000 00
00

$1,160,000 $1,207,945 00 $1,160,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Rate.

Amount.

$156,333 65
165,000 00
2,500 00

2
3
4

per cent.
“
“

Amount.

Rate.

$7,000 00
452,370 00
2,993,671 39

4| per cent.
4é
“
5
»

Amount.

$10,500 00
165,723 36

Rate.

5£ 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, 1895,
.
.

$14,682 81
29,650 00
163 74

Number of loans which are of an amount not exceeding $3,000 each, . 452
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 637

634,101 02


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Federal Reserve Bank of St. Louis

REPORT OF THE

130

[Pub. Doc.

City Institution for Savings — Concluded.
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,

$71,000 00

during year ending Oct. 31, 1 8 9 5 , .....................................................................
Times for the dividends fixed by the by-laws : second Saturday in January

318,644 55

and July.
Rate and amount o f each semi-annual dividend f 2 per cent., $117,972 44 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 120,194 58 1
Number o f accounts opened during the year ending Oct. 31, 1895,
2,236
Number of accounts closed during the year ending Oct. 31, 1895,
1,659
Total number of open accounts Oct. 31, 1 8 9 5 , ..............................
15,952
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , .......................................................................................
.

238,167 02

12,983 74
864,478 45

Number o f s a m e , .................................................................................................14,389
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , ................................................................................................ 15,731
Date of examination by commissioner: November 19.


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Federal Reserve Bank of St. Louis

876,613 87

No. 8.]

SAYINGS BANK COMMISSIONERS.

131

C L IN T O N S A V IN G S B A N K — C L IN T O N .

Incorporated May 15, 1851.

Present number of corporators, 52.

C h a s . L . Sw a n , P r e s id e n t.

C . L . S. H a m m o n d , T r e a s u r e r •

C h a s . G . S t e v e n s , C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment o f its funds:
C. L . S w a n ,
C. C. S t o n e ,

G. W . W eeks,
J. E . T h a y e r ,

L u c iu s F i e l d .

Open for business every business day, except Saturdays, 9
Saturdays, 9 a . m . to 1 p . m .

a .m

. to 12 m . ; and 2 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 , 1895.

A ssets .

L ia b il it ie s .

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 stock,
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,
Oregon Short Line & Wabash
BJEt. bonds,* .
.
.
.
Cash on hand,
.
.
.
.

$62,234
700
84,000
1,300
95.700
25,000
800,416
481,235

00
00
00
00
00
00
59
00

101,400
17,665
22,899
10,682

00
96
50
91

Deposits, .
Guaranty fund,
Profit and loss
count, .

$1,666,853 39
57,800 00
ac2,737 18

17.700 00
6,456 61
1,727,390 57

* Taken to

secure

$1,727,390 57

indebtedness.

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ...............................................................................$17,665 96
First National Bank, C l i n t o n , ...............................................................................
22,899 50


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

132

Clinton Savings Bank — Continued.
Loan on Public Funds : —
On $1,000 United States 4s...........................................................................................

$700 00

Loan on Bank Stock: —
On 40 shares First National Bank, C l i n t o n , ................................................. $1,300 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., 4s,
of Boston, Mass., 5s,
of Cambridge, Mass., 6s,.
of Providence, R. I., 6s, .
Town of Clinton, Mass., 4s,

$4,000
2,000
5.000
1.000
50,000
$62,000

Estimated
Market Value.

$4,080
2,280
5,850
1,110
51,641

00
00
00
00
66

$64,961 66

Amount Invested.

$4,000
2,000
5.000
1.000
50,234

00
00
00
00
00

$62,234 00

Detailed Statement o f Bank Stocks.
O$
c*
&
14 Atlas National Bank, Boston, .
2 Boston National Bank, Boston,
20 Central Nat'l Bank, Boston, .
16 Howard Nat’l Bank, Boston, .
20 Market Nat’l Bank, Boston, .
50 Manufacturers’ N’l B’k,Boston,
30 Metropolitan N’l B’k, Boston,.
44 N’l B’k of No. America. Boston,
5 National City Bank, Boston, .
10 N’l Hide & Leather B’k, Boston,
70 National Webster B’k, Boston,
329 First National Bank, Clinton,.
40 Fitchburg N’l B’k, Fitchburg,
50 First N’l Bank, New Bedford, .
50 National Bank of Commerce,
New Bedford,
50 Orange Nat’l Bank, Orange, .


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

Par Value.

$1,400
200
2,000
1,600
2,000
5,000
3,000
4,400
500
1,000
7,000
32,900
4,000
5,000

Estimated
Market Value.

$1,725
201
2,600
1,552
1,600
5,037
2,797
4,664
405
1,062
7,280
41,125
6,000
7,650

50
25
00
00
00
50
50
00
00
50
00
00
00
00

Amount Invested.

$1,400
200
4,000
1,600
2,000
5,000
3,000
4,400
500
1,000
7,000
32,900
6,000
5,000

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

5,000
5,000

4,250 00
7,500 00

5,000 00
5,000 00

$80,000

$95,450 25

$84,000 00

No. 8.]

133

SAYINGS BANK COMMISSIONERS.

Clinton Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4£s,
Boston & Lowell R.R. 5s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 7s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6s,.
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

$20,000
1,000
4,000
6,000
35,000
7,000
1,000
10,000

Estimated
Market Value.

$20,600
1,045
4,170
6,060
37,400
9,590
1,070
10,300

Amount Invested.

00
00
00
00
00
00
00
00

$20,000
1,000
4,000
6,000
35,000
7,000
1,000
10,000

00
00
00
00
00
00
00
00

10,000

11,900 00

11,700 00

$94,000

$102,135 00

$95,700 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Kate.

Amount.

$17,665 96
25,000 00
350,500 00

2

per cent.

3|
4

“

Amount.

$81,500 00
'69,600 00
804,334 59

Kate.

41 per cent.
4i
“
5

Rate.

Amount.

$550 00
74,732 00
3,835 00

5^ per cent.
“

6
7

Number of loans which are of an amount not exceeding $3,000 each, . 380
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 385
Gross amount of interest or profits received or earned, as per books, during

$413,093 84

year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the b y-la w s: second Monday in April

76,579 84

and October.
Rate and amount of each semi-annual dividend $ 2 per cent., $31,299 09 {
during the year ending Oct. 31, 1895,
.
. t 2 per cent., 31,547 78
Number of accounts opened during the year ending Oct. 31, 1895,
. 719
Number of accounts closed during the year ending Oct. 31, 1895,
. 655

62,846 87

Total number of open accounts Oct. 31, 1895,
.
.
.
.
5,303
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , .................................................................................................. 4,535
Amount o f withdrawals, including dividends, during the year ending Oct.
31,1895................................................................................................................................
Number of s a m e , .................................................................................................. 3,988
Date of examination by commissioner: February 15.


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Federal Reserve Bank of St. Louis

4,416 75
288,174 80

293,121 27

REPORT OF THE

134

[Pub. Doc

COHASSET S A V IN G S B A N K — COHASSET.
Incorporated Feb. 28, 1845.
A

braham

H. T

ow er

Present number of corporators, 43.

, P r e s id e n t .

Caleb L

Caleb L

oth rop,

oth rop,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
M

B. S t e t s o n ,
F. T il d e n ,

organ

C h as.

N . L in c o l n ,
H. T o w e r .

L o u is
A

Open for business every business day, 9

braham

a .m

.

to 12

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,
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, .
Expense account,
Suspense account,
Cash on hand,
.
.
.
.

m

.

; and 1.30 to 4

p .m

.

31, 1895.
L iab ilities .

$9,000
52,700
5,000
23.000
17.000
380,289
76,950

00
00
00
00
00
15
00

40,500
13,061
609
87
568

00
04
03
60
43

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Uncompleted lo a n s,.

$618,765 25

$579,280 61
23,040 00
8,467 65
6,809 49
1,167 50

$618,765 25

Cash on Deposit in Banks, amount in each : —
Boston National Bank, B o s t o n ,.............................................................................. $ 10,766 49
Hingham National Bank, H i n g h a m ,....................................................................
2,294 55
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, 4£s,

$9,000

Estimated
Market Value.

$9,750 00

Amount Invested.

$9,000 00

* The bank has been notified that this loan is in excess of the legal limit.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

135

Cohasset Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

30
13
45
20
40
20
30
23
22
43
18
25
45
15
10
12
32
38
36
10

Par Value.

Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boston National Bank, Boston,
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Market National Bank, Boston,
Merchants’ Nat’l B’k, Boston, .
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Shawmut Nat’l Bank, Boston, .
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,

$3,000
1,300
4,500
2,000
4,000
2,000
3,000
2,300
2,200
4,300
1,800
2,500
4,500
1,500
1,000
1,200
3,200
3,800
3,600
1,000
$52,700

Estimated
Market Value.

$3,690
1,300
4,500
2,000
4,320
1,600
2,400
3,680
3,344
3,483
1,494
2,650
4,185
2,025
1,040
1,260
3,520
4,256
3,204
1,080

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

$55,031 00

Amount Invested.

$3,000
1,300
4,500
2,000
4,000
2,000
3,000
2,300
2,200
4,300
1,800
2,500
4,500
1,500
1,000
1,200
3,200
3,800
3,600
1,000

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

$52,700 00

Detailed Statement o f Railroad Bonds.

Eastern R.R. 6s,
.
Upper Coos R.R. 4£s,

.

.

Par Value.

Estimated
Market Value.

Amount Invested.

$13,000
10,000

$15,600 00
10,800 00

$13,000 00
10,000 00

$23,000

$26,400 00

$23,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$10,766 49
2,294 55
69,500 00

Kate.

2

4

per cent.
“
“


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

Amount.

$9,000 00
27,300 00
28,000 00

Kate.

Amount.

Rate.

4\ per cent.
4i
“
4|
“

$173,610 00

5 per cent.
5h

8 6 ,1 0 0 00

109,229 15

6

REPORT OF THE

136

[Pub. Doc.

Cohasset Savings Bank — Concluded.
•

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, 181

$17,000 00
21,300 00

Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 185
Gross amount of interest or profits received or earned, as per books, dur­

184,233 00

ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-law s: first Tuesday in January

29,055 77

and July.
Rate and amount of each semi-annual dividend j 2 per cent., $10,921 44 )
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
11,105 19 >
Number of accounts opened during the year ending Oct. 31, 1895,
. 141
Number of accounts closed during the year ending Oct. 31, 1895,
.
87

22,026 63

Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,369
Total expenses o f the.corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­

2,032 74

ing Oct. 31, 1 8 9 5 ,............................................................................................................
Number o f s a m e , .................................................................................................. 715
Amount of withdrawals, including dividends, during the year ending Oct.

76,689 31

31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , .................................................................................................. 880
Date of examination by commissioner: September 3.

79,496 32


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

No. 8.]

137

SAYINGS BANK COMMISSIONERS.

C O W W A Y SAVIW GS B A N K — C O W W AY .

Incorporated March 10, 1887.

Present number of corporators, 23.
W . G. A v e r y , T r e a s u r e r •

J o h n B . P a c k a r d , P r e s id e n t .

W . G. A v e r y , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
Carlos B a t c h e l d e r ,

Jo h n B . P a c k a r d ,

A rth ur P. D elabarre,

H a r r is D . P e a s e ,

C h a s . B. M e r r i t t .

Open for business every business day, 9

a .m

. to 3 p . m .

B ala n c e S h eet O ctober 31, 1895.

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
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Insurance account,

$5,000
5.000
2,174
5.000
103,460
20.630

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

00
00
00
00
00
00

$162,404 72
2,278 96
748 08

4,500 00
19.630 26
37 50
$165,431 76

$165,431 76

Cash on Deposit in Banks, amount in each : —
Conway National Bank, Conway,
City National Bank, Holyoke,
.
.
Park National Bank, Holyoke, .
Pynchon National Bank, Springfield, .


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

.

.

* Since reduced within the legal limit.

$8,630 26*
5.000 00

1.000 00
5,000 00

[Pub. Doc.

REPORT OF THE

138

Conway Savings Bank — C on tin u ed .
Loans on Bank Stock, amount on each : —
On
On
On
On
On

3 shares Conway National Bank, C o n w a y ,.................................................
3 shares Conway National Bank, C o n w a y ,.................................................
5 shares Conway National Bank, C o n w a y ,.................................................
15 shares City National Bank, H o l y o k e , .................................................
5 shares Northampton National Bank, Northampton, .
.
.
.

$50 00
200 00
324 00
1,100 00
500 00

Detailed Statement o f Public Funds.
Par Value.

City of
of
of
of

Boston, Mass., 5s,
Cleveland, Ohio, 5s, .
Holyoke, Mass , 4s,
Milwaukee, Wis., 5s, .

Estimated
Market Value.

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

$1,140
1,005
2,100
1,180

00
00
00
00

$5,000

$5,425 00

Amount Invested.

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

00
00
00
00

$5,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

30
10
10

Par Value.

Conway Nat’l Bank, Conway,
City National Bank, Holyoke,
Adams N’l B’k, North Adams,

Estimated
Market Value.

Amount Invested.

$3,000
1,000
1,000

$3,300 00
1,100 00
1,200 00

$3,000 00
1,000 00
1,000 00

$5,000

$5,600 00

$5,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Connecticut River R.R. 4s,
Fitchburg R.R. 6s, .
Old Colony R.R. 4s,.
Worcester, Nashua & Roch. R.R. 4s,


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

$1,000
1,000
1,000

1.000
1,000
$5,000

Estimated
Market Value.

Amount Invested.

$1,050
1,060
1,030
1,080
1,040

$1,000
1,000
1,000
1,000
1,000

00
00
00
00
00

$5,260 00

00
00
00
00
00

$5,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

139

Conway Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$23,630 26

Rate.

4

per cent.

Rate.

Amount.

$122,540 00

5

per cent.

Rate.

Amount.

$4,224 00

Number of loans which are of an amount not exceeding $3,000 each,

6

per cent.

78

Aggregate amount o f the same......................................................................................
Total number of loans upon real e s t a t e , ................................................. 65
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the b y-la w s: M ay 1 and November 1.
Rate and amount of each semi-annual dividend ( 2 percent.,
$2,901 09 1
during the year ending Oct. 31, 1895,.
.
I 2 percent.,
3,038 441

$61,264 00

7,614 78

5,939 53

Number of accounts opened during the year ending Oct. 31, 1895,
90
Number o f accounts closed during the year ending Oct. 31, 1895,
76
Total number of open accounts Oct. 31, 1 8 9 5 , ........................................ 616
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ..................................................................................................397
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 5 , ......................................................................................................................
Number of same........................................................................................................390
Date of examination by commissioner: June 21.


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

565 43
35,999 52

34,025 85

140

REPORT OF THE

[Pub. Doc.

C O U N T Y S A V IN G S B A N K — CH E L SE A .

Incorporated Feb. 27, 1890.

Present number o f corporators, 61.

A l b e r t D . B o s so n , P r e s id e n t .

G eorge T. R o b er ts, T rea su rer.

V e r n o n A . F i e l d , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
Jo h n H . C u n n i n g h a m ,

G eorge W . M oses,

H enry N. W entw orth,

A l b e r t D . B o s so n ,

M il t o n R a y ,

Jo h n M u l l o y ,

W . H. H ix on .

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 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
(notes).............................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand,
.

31, 1895.

L iabilities .

$17,036
15,500
1,750
16,000

31
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$334,012 72
5,400 00
473 60
2,821 09

8,800 00
226,773 48
34,900 00
7,000
13,217
127
1,300
302

00
29
75
00
58

$342,707 41

$342,707 41

Cash on Deposit in Banks, amount in each: —
First W ard National Bank, Boston,
Winthrop National Bank, Boston,
Winnisimmet National Bank, Chelsea,


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

$5,187 79
1,033 42
6,996 08

No. 8.]

SAVINGS BANK COMMISSIONERS

141

County Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
$800 00

On 10 shares Winnisimmet National Bank, Chelsea, .
On 10 shares Winnisimmet National Bank, Chelsea, .
On 10 shares Baxter National Bank, Rutland V t.,

850 00

100 00

Detailed Statement of Public Funds.
Estimated

Par Value.

City of Brockton, Mass., 4s,
of Cleveland, Ohio, 4s,
of Haverhill, Mass., 4s,
of Lewiston, Me., 5s, .
of Milwaukee, Wis., 5s,
of Springfield, Ohio, 6s,
Town of Ashland, Mass., 4s,
of South Wayne, Ind., 6s,

$4,000
3.000
1.000
500
3,000
4,036
700
800

Market Value.

00
00
00
00
00
31
00
00

$17,036 31

$4,220
3,030
1,015
505
3,330
4,396
707
1,000

00
00
00
00
00
27
00
00

$18,203 27

Amount Invested.

$4,000
3.000
1.000
500
3,000
4,036
700
800

00
00
00
00
00
31
00
00

$17,036 31

No. o f
Shares.

Detailed Statement o f Bank Stocks.

11
25
4
1
6
15
3
10
1
20
10
10
15
6
5
10
3

Par Value.

Columbian N’l Bank, Boston,.
First Ward N’l Bank, Boston,.
Freeman’s N’l Bank, Boston, .
National City Bank, Boston, .
National Eagle Bank, Boston,.
N’l Hide & Leather B’k, Boston,
N’l B’k of No. America, Boston,
Old Boston N’l Bank, Boston,.
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Washington N’l Bank, Boston,
First National Bank, Chelsea,
Winnisimmet N’l B’k, Chelsea,
Dedham Nat’l Bank, Dedham,
First Nat’l Bank, Newbury port,
So. Danvers N’l B’k, Peabody,.
Mechanics’ N’l B’k, Worcester,


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

$1,100
2,500
400
100
600
1,500
300
1,000
100
2,000
1,000
1,000
1,500
600
500
1,000
300
$15,500

Estimated
Market Value.

$1,100
3,250
360
81
496
1,590
318
1,090
104
1,820
1,080
1,060
1,460
612
650
1,180
270

00
00
00
00
50
00
00
00
75
00
00
00
00
00
00
00
00

$16,522 25

Amount Invested.

$1,100
2,500
400
100
600
1,500
300
1,000
100
2,000
1,000
1,000
1,500
600
500
1,000
300

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

$15,500 00

REPORT OF THE

142

[Pub. Doc.

County Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Cheshire R.R 6s,
Concord & Montreal R.R. 4s, .
Maine Central R.R 4s, .
Maine Central R.R. 4£s, .
Maine Central R.R. 5s, .
Upper Coos R.R. 4s,
. . .

$3,000
6,000
1,000
500
500
5,000
$16,000

Estimated
Market Value.

$3,150
6,240
1,010
540
565
5,000

Amount Invested.

00
00
00
00
00
00

$16,505 00

$3,000
6,000
1,000
500
500
5,000

00
00
00
00
00
00

$16,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$6,221 21
6,996 08

Rate.

2
2f

per cent.

Amount.
$7,000 00
28,150 00

Rate.

3J per cent.
5
“

Amount.
$15,500 00
219,773 48

Rate.

5£ per cent.

6

“

Amount invested in real estate for banking purp oses,........................................$8,800 00
Estimated value of the s a m e , ...............................................................................
8,800 00
Assessed value o f the s a m e , ........................................................................................
8 000 00
Net income received from same during year ending Oct. 31, 1895,
.
.
524 52
Number of loans which are of an amount not exceeding $3,000 each,. 153
Aggregate amount of the s a m e , ..............................................................................
191,924 00
Total number of loans upon real e s t a t e , ................................................. 159
Gross amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ...............................................................................
Times for the dividends fixed by the by-laws : third Saturday in April
and October.

15,874 20

Rate and amount of each semi-annual dividend f 2 per cent., $5,256 91 1
„ „
during the year ending Oct. 31, 1895,
.
. i 2 per cent.,
5,789 20 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 444
Number of accounts closed during the year ending Oct. 31, 1895,
. 221
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,627
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
2,789 81
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895,............................................................................................................
186,936 76
Number o f s a m e , ...................................................................................................3,342
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ...................................................................................................1,780
Date of examination by commissioner : March 14.


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

143,648 15

No. 8.]

SAYINGS BANK COMMISSIONERS.

143

CROCKER IN S T IT U T IO N FOR SA V IN G S — T U R N E R ’ S
FALLS.

Incorporated April 3, 1869.

Present number of corporators, 31.

G . L. R i s t , P r e s id e n t.

D . p . A b e h c r o m b ie , T r ea su rer .

W . H . P. G i l m o r e , C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds:
G . L . R is t ,

Ja m e s A . G u n n ,

E. L. Goddard.

Open for business every business day, 9

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,
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,
Premium account,
Real estate, .
.
.
.
.
Cash on hand,
.

a .m .

to 3

p .m

.

31, 1895.

L ia b ilit ie s .

$84,000
23,300
7,500
83,500

00
00
00
00

81,000 00
412,269 62
207,480 00
9,300
155
22,800
5,047

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Suspense account, .

$856,853 55
25,500 00
5,207 84
121 77

00
00
00

42

1 ,0 0 0 00
2 0 0 00

131 12
$887,683 16

$887,683 16

Cash on Deposit in Banks, amount in each: —
Crocker National Bank, Turner’ s F a l l s , ........................................................... $22,847 42
Packard National Bank, G r e e n fie ld ,.....................................................................
5,000 00


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

[Pub. Doc

REPORT OF THE

144

Crocker Institution for Savings — Continued.
Loans on Bank Stock, amount on each: —
On
On
On
On
On

$2,500 00*
500 00

25 shares Crocker National Bank, Turner’ s Falls,
shares Crocker National Bank, Turner’s Falls, .
6 shares Crocker National Bank, Turner’ s Falls, .
5 shares Crocker National Bank, Turner’ s Falls, .
40 shares Packard National Bank, Greenfield,
8

100 00
400 00
4,000 00

Detailed Statement o f Public Funds.
Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 5s,
of Cambridge, Mass., 4s,.
of Cleveland, Ohio, 5s, .
of East Saginaw, Mich., 5s,
of Fort Wayne, Ind., 4is,
of Fort Wayne, Ind., 6s, .
of Lynn, Mass., 5s, .
of Meriden, Conn., 4s,
of Milwaukee, Wis., 5s, .
of Providence, R. I., 5s, .
of Salem, Mass., 5 s,.
of Somerville, Mass., 4<|s,
of Springfield, Mass., 4s,.
Town of Turner’s Falls (Fire Dis­
trict) 4s,
District of Columbia 5s, .
District of Columbia 6s, .

$5,000
4,000
20,000
4,000
3,000
4,000
1,000
1,000
5,000
5,000
5,000
7,000
2,000
5,000

Estimated
Market Value.

$5,590
4,600
21,500
4,240
3,180
4,320
1,060
1,100
5,100
5,850
5,350
7,700
2,140
5,350

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

Amount Invested,

$5,000
4,000
20,000
4,000
3,000
4,000
1,000
1,000
5,000
5,000
5,000
7,000
2,000
5,000

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

3,000
8,000
2,000

3,120 00
8,400 00
2,320 00

3,000 00
8,000 00
2,000 00

$84,000

$90,920 00

$84,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

$ 1 ,0 0 0

700
4,000
1,000
1,000
600
1,000
4,000
10,000

00
00
00
00
00
00
00
00
00
00

o
o

$26,850 00

$1,000
700
4,000
1,000
1,000
600
1,000
4,000
10,000
CO

*

00
00
00
00
00
00
00
00
00

co'

$23,300

$1,300
700
4,320
1,330
1,110
600
890
4,400
12,200

Amount Invested.

CM

10 Central National Bank, Boston,
7 Columbian Nat’l Bank, Boston,
40 Continental N’l Bank, Boston,
10 Eliot National Bank, Boston, .
10 N’l B’k of Commerce, Boston,.
6 Nat’l Webster Bank, Boston, .
10 Tremont Nat’l Bank, Boston, .
40 Conway Nat’l Bank, Boston, .
100 Crocker N’l B’k, Turner’s Falls,

Estimated
Market Value.

Additional collateral has since been obtained on this loan in excess of the legal limit.


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

No. 8.]

SAVINGS BANK COMMISSIONERS

145

Crocker Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Maine R.R. 4^s,
Concord & Montreal R R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4£s, .
Fitchburg R.R. 5s..............................
Maine Central R.R. 4<|s, .
Old Colony R.R. 4s,.
Portland & Ogdensburg R.R. 6s,
Vermont & Massachusetts R.R. 5s, .
Worcester & Nashua R.R. 4s, .

Estimated
Market Value.

$10,000
15.000
5.000
2.000
5.000
15.000
5.000
13.000
3,500
5,01)0
5.000

$10,900
17,250
5.200
2,120
5,050
15,650
5,400
13,910
3,800
5,350
5.200

00
00
00
00
00
00
00
00
00
00
00

$83,500

$89,830 00

Amount Invested.

$10,000 00
15.000 00
5.000 00
2.000 00
5.000 00
15.000 00
5.000 00
13.000 00
3,500 00
5.0 )0 00
5.000 00
$83,500 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$22,800 00
14,300 00

Rate.

2 per
4

cent.
“

Amount.

Rate.

Amount.

$100,000 00

4£ per cent.

$522,404 62

Rate.

5 per cent.

Amount invested in real estate for banking p u r p o se s,....................................... $31,000 00
Estimated value of the sam e ,........................................................................................
31,000
Assessed value of the s a m e , ................................................. .........
22,400
Net income received from same during year ending Oct. 31, 1895,
.
.
1,469
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,.....................................................................................................................
200
Assessed value of the s a m e , ........................................................................................
300
Number of loans which are o f an amount not exceeding 363,000 e a c h ,. 416
Aggregate amount o f the s a m e , ..............................................................................
305,433
Total number of loans upon real estate,
................................................. 351
Amount of investments from which no income is received, .
.
.
.
200
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
42,485
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 f 2 per cent., $15,632 54 )
g^
during the year ending Oct. 31, 1895,
.
. I2 p e rc e n t.,
16,157 79 )
’
Number of accounts opened during the year ending Oct. 31, 1895,
. 373
Number of accounts closed during the year ending Oct. 31, 1895,
Total number of open accounts Oct. 31, 1895,
.
.
.
.


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

.

226
2,366

00
00
99
00

00
62
00
09
gg

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

No. 8.]

147

SAYINGS BANK COMMISSIONERS

D A N V E R S S A V IN G S B A N K — D A N V E R S .

Incorporated March 20, 1850.
A

u g u stu s

M

udge

Present number of corporators, 45.

, P r e s id e n t .
A

l b io n

A

F. W

elch

F. W

l b io n

elch

, T rea su rer.

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
I
C

P. P o p e ,
H. G o u ld ,

ra

J. F

h as.

G

C

il b e r t

P

rank

hauncey

A. T

apley

a .m

.

to 12

m

.;

1 to 3

p .m

. ;

31, 1895.

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 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, noton interest,
Expense account,
Insurance account,
.
.
.
T a x account,
.
.
.
.
Taxes paid,
.
.
.
.
Cash on hand,
.
.
.
.

ic h a r d s ,

.

Open for business every business day, except Saturdays, 8
Saturdays, 8 a . m . to 12 m .

B a l a n c e Sh e e t O c t o b e r

,

orter

S. R

810,000
142,480
17,175
150,000
50,000
55,679
494,430
499,661
2,500
350
78,619
2,004
191
95
187

00

50
00
00

00
24
00
97

Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,
Rent,
.
.

81,401,641
70,000
4,707
34,316
106

55
00

42
92
84

00
00
95
47
66

83
59
6 69
7,389 83

$1,510,772 73

81,510,772 73

Cash on Deposit in Banks, amount in each: —
Faneuil Hall National Bank, B o s to n ,.....................................................................$53,615 20
First National Bank, Danvers, ..............................................................................
Maverick National Bank, B o s t o n , .....................................................................


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Federal Reserve Bank of St. Louis

27,004 75
4 47

[Pub. Doc,

REPORT OF THE

148

Danvers Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
On 6 shares Salem National Bank, Salem,
.
On 16 shares First National Bank, Danvers.......................................

' J

$1,800 00*
375 00*
15,000 00

On 5 shares First National Bank, Danvers,
.
On 221 shares Massachusetts National Bank, Boston,
Loan on Railroad Stock : —

On 500 shares Boston & Maine R . R . , .....................................................................$50,000 00

Detailed ¿Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,

$10,000

Estimated
Market Value.

$10,200 00

Amount Invested.

$10,000 00

Detailed Statement o f Bank Stocks.
o

l

Estimated
Market Value.

'A 53

50
35
10
85
34
68
20
50
60
71
65
70
75
50
80
20
25
131
75

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Continental Nat’l B’k, Boston,
Globe National Bank, Boston,
Hancock Nat l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ Nat l Bank, 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 Exchage Bank, Boston, .
National Revere Bank, Boston,
State National Bank. Boston, .
Third National Bank, Boston,
Tremont Nat'l Bank, Boston, .
Washington N’l B’k, Boston, .
First National Bank, Danvers,
National Bank of Commerce,
New Bedford,
First N’l B’k, New Bedford, .
Warren Nat’l Bank, Peabody,
Rockport Nat’l B’k, Rockport,
Asiatic National Bank, Salem,
First National Bank, Salem, .
Naumkeag Nat’l Bank, Salem,
Salem National Bank, Salem,

125
20
10
270
7
5
25

*

$5,000
3,500
1,000
8,500
3,400
6,800
2,000
5,000
6,000
7,100
6,500
7,000
7,500
5,( 00
8,000
2,000
2,500
9,825

$6,162
3,500
1,080
7,235
3,060
6,392
1,555
8,006
6,660
7,579
7,865
8,750
6,750
5,606
7,280
1,780
2,700
10,119

50
00
00
63
00
00
00
25
00
25
00
00
00
25
00
00
00
75

$5,675
3,500
1,080
10,612
3,345
6,800
2,100
6,475
6,000
7,268
7,901
7,097
7,500
5,356
8,000
2,000
2,500
10,197

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

7,500
12,5(>0
2,000
1,000
8,100
700
500
2,500

6,375
19,125
2,580
1,300
8,100
630
650
3,046

00
00
00
00
00
00
00
88

8,962
14,947
2,000
1,000
8,100
700
500
2,862

50
25
00
00
00
00
00
50

$131,425 $143,888 51 $142,480 50

The bank has been notified that these loans, in excess of the limit, must be reduced.


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Federal Reserve Bank of St. Louis

No. 8.]

H9

SAYINGS BANK COMMISSIONERS

Danvers Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R R. 5s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R R 4s..............................
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
.
.
.
Upper Coos R.R. 4|s,
Worcester, Nashua & Roeh. R.R. 4s,

$35,000
20,000
25.000
10.000
10.000
10.000
25.000
15.000

Estimated
Market Value.

$36,575
21,400
26,375
10,050
10,100
10,700
26,250
15,600

Amount Invested.

$35,000
20,000
25.000
10.000
10,000
10,000
25.000
15.000

00
00
00
00
00
00
00
00

$150,000 $157,050 00

00
00
00
00
00
00
00
00

$150,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$78,619 95
253,500 00
139,000 00

Kate.

2

per cent.

4
44

j
1

“

«

!

Kate.

Amount.

4£ per cent.

$200,940 00
5,000 00
11,895 00

Amount.

$87,000 00
317,561 97
49,220 00

o
5*

“
“

Rate.

6

64
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 o f an amount not exceeding $3,000 each, 243
Aggregate amount o f the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 241
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, 1895,
.
.
.
.
.
.
.
.
Times for the dividends fixed by the by-law s: April 1 and October 1.
Rate and amount of each semi-annual dividend ( 2 per cent., $ ‘26,161 83 >
during the year ending Oct. 31, 1895,
.
t 2 per cent., 26,934 91 >
Number o f accounts opened during the year ending Oct. 31, 1895,
. 357
Number of accounts closed during the year ending Oct. 31, 1895,
. 322
Total number of open accounts Oct. 31, 1895,
.
.
.
.
3,996
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

per cent.

“

$55,679 24
45,650 00
226,191 97
530 00
67,008 72

53,096 74

clusive o f taxes),
.................................................................................................
Amount of deposits, not including dividends, received during the year

3,355 90

ending Oct. 31, 1895, .................................................................................................
Number of same,
................................................................................................. 2,444
Amount of withdrawals, including dividends, during the year ending Oct.

190,044 48

31, 1895...............................................................................................................................
Number of s a m e , ................................................
2,311
Date o f examination by commissioner: January 11.

184,761 85


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Federal Reserve Bank of St. Louis

REPORT OF THE

150

[Pub. Doc,

D E D H A M IN S T IT U T IO N FOR S A V IN G S — D E D H A M .

Incorporated March 19, 1831.
A

ugu stu s

B. E

n d ic o t t ,

A

Present number of corporators, 116.
A

P r e s id e n t .

lfred

H

e w in s

lfred

H

e w in s ,

T rea su rer.

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:
A

ugu stu s

H

ow ard

B. E

n d ic o

Tt ,

John R . B

Colburn,
W

D

in s l o w

W

on

G. H

arren

ullard

il l

,

,

.

Open for business every business day, except Saturdays, 9
2 to 4 p . m . ; Saturday s, 9 a . m . to 12 m .

a .m

.

to 12.30

p .m

. ;

B a l a n c e S h e e t O c tober 31, 18&5.

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 ) , .......................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,

L ia b il it ie s .

$705,000 00
7 0 ,1 0 0 0 0

5.000 00
696.500 00

Deposits, .
Guaranty fund,
Protit and loss ac­
count, .

$2,633,591 87
127,922 21
122,665 12

35,000 00
583,750 00
618.500 00
96,250 00
72,079 20
2 .0 0 0 00

$2,884,179 20

$2,884,179 20

Cash on Deposit in B a n k : —
Dedham National B a n k , .........................................................................................$74,079 20

Loan on Bank Stock: —
On 50 shares Fourth National Bank, Boston,

................................................. $5,000 00*

* This loan, in excess of the legal limit, has since been reduced.


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Federal Reserve Bank of St. Louis

No. 8.]

151

SAYINGS BANK COMMISSIONERS

Dedham Institution for Savings — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Akron, Ohio, 5s, .
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Bridgeport, Conn., 4s, .
of Cambridge, Mass., 6 s,.
of Canton, Ohio, os,
of Chicago, 111., 7s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 5s,.
of Dayton, Ohio, 6s,.
of Fail River, Mass., 44s,.
of Fall River, Mass., 4|s,.
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4is,
of Grand Rapids, Mich., 5s,
of Manchester, N. H ., 4£s,
of Milwaukee, Wis., 5s, .
of Newton, Mass , 6s,
of Portland, Me., 5s,
of Portsmouth, N. II., 4s,.
of Providence, R. I., 4£s,.
of Scranton, Pa , 4^s,
of Somerville, Mass., 4£s,
of Springfield, Mass , 6s,.
of Springfield, Ohio, 4<|s,.
Town of Danvers, Mass., 5s, .
of Hopkinton, Mass., 5s,
of Methuen, Mass., 4s, .
District of Columbia 5s, .
,
•

$22,000
112,000
10,000
38,000
10,000
15,000
2,000
40,000
1,000
10,000
25,000
10,000
25,900
35,000
4,000
17,000
20,000
10,000
15,000
50,000
16,000
17,000
20,000
20,000
25,000
15,000
2,000
40,000
4,000
20,000
25,000
30,000

Estimated
Market Value.

$24,640 00
117,898 00
11,637 00
39,637 00
11,625 00
15,700 00
2,200 00
43,428 00
1,060 00
10,070 00
27,500 00
11,000 00
27,250 00
37,150 00
4,120 00
18,500 00
21,200 00
10,600 00
16,200 00
51,630 00
19,200 00
20,910 00
20,400 00
20,800 00
27,000 00
15,450 00
2,400 00
40,900 00
4,480 00
23,000 00
26,500 00
31,200 00

Amount Invested.

$22,000 00
112,000 00
10,000 00
38,000 00
10,000 00
15,000 00
2,000 00*
40,000 00
1,000 00
10,000 00*
25,000 00*
10,000 00*
25,000 00
35,000 00
4,000 00
17,000 00
20,000 00
10,000 00
15,000 00
50,000 00
16,000 00
17,000 00
20,000 00
20,000 00
25,000 00
15,000 00
2,000 00
40,000 00
4,000 00
20,000 00
25,000 00
30,000 00

$705,000 $755,285 00 $705,000 00
* Legal investments when made.

N o. o f
Shares.

Detailed Statement o f Bank Stocks.

145
50
25
40

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .


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Federal Reserve Bank of St. Louis

$14,500
5,000
2,500
4,000

Estimated
Market Value.

$17,835
5,000
2,125
3,880

00
00
00
00

Amount Invested.

$14,500
5,000
2,500
4,000

00
00
00
00

[Pub. Doc

REPOET OF THE

152

Dedham Institution for Savings — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

75
25
56
60
50
25
150

Estimated
Par Value.

N’l B’k of Commerce, Boston,
National Union B’k, Boston, .
Nat’l Webster Bank, Boston, .
People's N’l Bank, Boston,
Shawmut N’l Bank, Boston, .
State National Bank, Boston, .
Dedham N’l Bank, Dedham, .

$7,500
2,500
5,600
6,000
5,000
2,500
15,000
$70,100

Amount Invested.

Market Value.

$8,325
3,350
5,712
9,000
5,600
2,800
15,450

00
00
00
00
00
00
00

$79,077 00

$7,500
2,500
5,600
6,000
5,000
2,500
15,000

00
00
00
00
00
00
00

$70,100 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Boston & Albanv R.R. 4s,
Boston & Albany R.R. 5s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
.
.
.
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4^s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4£s, .
Boston, Revere Beach & Lynn R.R. 6s,
Boston, Winthrop & Shore R.R. 5s,
Eastern R R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg: R.R. 5s, .
Leeds & Farmington R.R. 6s,
Maine Central R.R. 4^s, .
Maine Central R.R. 7s, .
Newport & Richford R.R. 5s, .
N. Y., Providence & Boston R.R. 7s,
Old Colony R.R. 4s,.
Old Colony R R. 6s,.
Portland & Ogdensburg R.R. 6s,
Portsmouth, Gt. Falls & Conway
R.R. 4ès...........................................
Salem & Lowell R.R 6s, .
Vermont & Massachusetts R.R. 5s, .


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Federal Reserve Bank of St. Louis

$25,000
80,000

Estimated
Market Value.

$26,500 00
85,600 00
37,800
20,600
5,100
5,150
26,260
52,200
11,330
30,520
34,800
45,700
15,750
4,545
3,240
35,850
39,200
43,600
26,750
13,390
34,020

35,000
20,000
5,000
5,000
26,000
45,000
11,000
28,000
• 29,000
45,000
15,000
4,500
3,000
31,000
35,000
40,000
25,000
13,000
31,500
15,000
10,500
119,000
$696,500

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

16,800 00
10,920 00
127,230 00

Amount Invested.

$25,000 00
80,000 00
35,000
20,000
5,000
5,000
26,000
45,000
11,000
28,000
29,000
45,000
15,000
4,500
3,000
31,000
35,000
40,000
25,000
13,000
31,500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00

15,000 00
10,500 00
119,000 00

$752,855 00 $696,500 00

A legal investment when made.

No. 8.]

SAYINGS BANK COMMISSIONERS.

153

Dedham Institution for Savings — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$72,079 20
50,000 00
523,250 00

Kate.

2

per cent.

3|
4

“

Amount.

$25,000 00
115,000 00
122,900 00

Rate.

4J per cent.
4i
“
5
“

Amount.

Rate.

$3,800 00
463,550 00

Amount invested in real estate for banking purposes, .
Estimated value of the s a m e , ...........................................................
Assessed value of the same.........................................................................
Net income received from same during year ending Oct. 31, 1895,
Number of loans which are o f 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 , .......................................

5J per cent.
6
“

•
•

326 55
402

437
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................

Times for the dividends fixed by the b y-law s: second Saturday in May
and November.
Eate and amount of each semi-annual dividend f 2 per cent., $17,510 55
during the year ending Oct. 31, 1895,
.
.1 2 percent., 48,552 98
Number of accounts opened during the year ending Oct. 31, 1895,
. 804
Number of accounts closed during the year ending Oct. 31, 1895,
. 490
Total number of open accounts Oct. 31, 1895,
.
.
.
.
6,753
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number o f s a m e , .................................................................................................. 4,203
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , .................................................................................................. 3,449

Date of examination by commissioner; May 16.


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

$35,000 00
50,000 00

397,600 00

131,532 52

96,063 53

6,469 87
387,301 65

327,841 92

REPORT OF THE

154

[Pub. Doc.

E A ST BOSTON S A V IN G S B A N K — E A ST BOSTON.

Incorporated April 26, 1848.

Present number of corporators, 27.
W i l l i a m B . P ig e o n , T r e a su r e r .

G e o r g e T . S a m p s o n , P r e s id e n t .

W i l l i a m B . P ig e o n , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds:
G e o . L. T h o r n d i k e ,

Jo h n T h o m p s o n ,
W m . B . P ig e o n ,

R o b e r t C r o s b ie ,

R upus C u sh m a n ,
W il l ia m

E . M . M cP h e r s o n ,
W a t e r s , Jr.

Open for business every business day, 9 a . m . to 2 p . m ., and Saturdays, 7 to 9
during June, July, August and September, close at 1 p . m .

p.m .

;

B ala n c e S h eet O ctober 31, 1895.

L ia b ilit ie s .

A ssets .

Public funds as per schedule, .
Loans on publie funds,
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,
.
.
.
.

$375,000 00
2 0 ,0 0 0 00

261,471 00
242,000 00
15,337
6,472
1,543,622
359,250
48,466
3,251
3,154

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$2,650,558 28
130,365 32
26,043 03
71,059 11

92
46
00
00
31
89
16

$2,878,025 74

$2,878,025 74

Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , ...............................................................................$12,825 00
First W ard National Bank, B o s t o n , .....................................................................
35,641 31

Loans on Public Funds : —
On $20,000 Waterbury, Conn., 4s................................................................................ $20,000 00


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Federal Reserve Bank of St. Louis

No. 8.]

155

SAYINGS BANK COMMISSIONERS

East Boston Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 5s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Dayton, Ohio, 5s, .
of Dayton, Ohio, 6s, .
of Detroit, Mich., 6s,
of Fall River, Mass , 4^s,
of Fort Wayne, Ind., 6s, .
of Gloucester, Mass., 4s, .
of Grand Rapids, Mich., 4£s, .
of Grand Rapids, Mich., 5s,
of Lynn, Mass., 4s, .
of Milwaukee, Wis., 5s, .
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Providence, R. I., 4£s, .
of Providence, R. I., 5s, .
of Saginaw, Mich., 4£s, .
of Springfield, Ohio, 4¿s,
of Waltham, Mass., 4s, .
of Woonsocket, R. I., 4s,.
County of Aroostook, Me., 4£s,
District of Columbia 7s, .

$56,000
16,000
4,000
35,000
5,000
8,000
15,000
3,000
2,000
3,000
7,000
5,000
20,000
10,000
10,000
12,000
36,000
5,000
22,000
25,000
50,000
25,000
1,000

Estimated
Market Value.

$64,150
17,520
4,240
39,555
5,500
9,700
16,500
3,240
2,080
3,300
7,690
5,300
22,782
10,600
11,800
12,360
40,600
5,250
24,190
26,250
51,000
26,500
1,230

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

$375,000 $411,337 00
*

Amount Invested.

$56,000
16,000
4,000
35,000
5,000
8,000
15,000
3,000
2,000
3,000
7,000
5,000
20,000
10,000
10,000
12,000
36,000
5,000
22,000
25,000
50,000
25,000
1,000

00
00
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00

$375,000 00

Legal investments when made.

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

100
50
40
200
60
40
100
115
140
260
80
50
50
4

Estimated.
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, .
Commercial Nat’l B'k, Boston,
Continental N’l Bank, Boston,
Eliot Nat'l Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Howard Nat'l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Mechanics’ N’l Bank, Boston,


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Federal Reserve Bank of St. Louis

$10,000
5,000
4,000
20,000
6,000
4,000
10,000
11,500
14,000
26,000
8,000
5,000
5,000
400

Market Value.

$12,600
6,200
4,000
20,000
7,800
3,200
10,800
15,525
19,600
23,400
7,750
5,000
4,100
468

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

Amount Invested.

$10,000
5,000
4,000
20,000
6,000
3,880
10,000
11,500
14,000
26,000
8,000
5,000
5,000
400

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

[Pub. Doc

REPORT OF THE

156

East Boston Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

50
50
170
12
50
150
34
100
100
100
100
6
10
10
25
30
75
100
105
50

Par Value.

Merchants’ Nat'l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
National Exchange 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,
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,
Old Boston N’l Bank, Boston,
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .

Estimated
Market Value.

Amount Invested.

$5,000
5,000
17,000

$8,000 00
5,700 00
19,040 00

$5,000 00
5,000 00
17,000 00

1,200
5,000
15,000
3,400
10,000
10,000
10,000
10,000
600
1,000
1,000
2,500
3,000
7,500
10,000
10,500
5,000

1,680 00
6,200 00
16,050 00
4,080 00
15,600 00
8,300 00
10,600 00
10,000 00
612 00
1,600 00
1,050 00
2,725 00
5,400 00
6,750 00
11,100 00
10,815 00
4,300 00

1,200
5,000
15,000
3,400
10,000
10,000
10,000
10,000
591
1,000
1,000
2,500
3,000
7,500
10,000
10,500
5,000

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

$261,600 $290,045 00 $261,471 00

Detailed Statement o f Railroad Bonds.
Estimated
Par Value.

Boston & Albany R.R. 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Maine R.R. 4£s,
Fitchburg R.R. 5s, .
Leeds & Farmington R.R. 6s, .
Maine Central R.R. 4£s, .
Maine Central R.R. 6s,
Maine Central R.R. 7s, .
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4^s,
...................................
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................


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

$30,000
12,000
75,000
18,000
6,000
12,000
6,000
20,000
18,000
15,000

Market Value.

$31,650
13,680
86,625
19,740
6,060
12,960
6,540
21,500
18,540
16,275

00
00
00
00
00
00
00
00
00
00

Amount Invested

$30,000
12,000
75,000
18,000
6,000
12,000
6,000
20,000
18,000
15,000

00
00
00
00
00
00
00
00
00
00

5,000

5,750 00

5,000 00

25,000

29,750 00

25,000 00

$242,000

$269,070 00 $242,000 00

No. 8.]

157

SAYINGS BANK COMMISSIONERS.

East Boston Savings Bank —

C oncluded.

Total Amount o f Loans, with Each Specified Rate o f Interest.

Kate.

Amount.

$48,466
120,800
65,000
110,000

31
00
00
00

2\

4
4|

per cent.
“

H

“
“

Rate.

Amount.

$73,350
5.000
1,080,800
6.000

00
00
00
00

4\

41

5
51

per cent.
“
»
“

Amount.

Kate.

$311,325 00
148,597 00
2,000 00

5$ per cent.
6
“
7

Amount invested in real estate for banking p u rp o se s,.......................................
Estimated value of the sa m e ,........................................................................................
Assessed value of the same.............................................................................................
Net income received from same during year ending Oct. 31, 1895,
Value, hy books, of other real estate held or owned by foreclosure or

$15,337
25.000
25.000
293

92
00
00
06

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, 1895,
Number of loans which are o f an amount not exceeding $3,000 each, 621

6,472 46
7,200 00
260 6 8

Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 723
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Time for the dividends fixed by the b y-la w s: third Wednesday in Jan­

847,622 00

uary and July.
Rate and amount of eachsemi-annual dividend f 2 per cent., $16,744 56 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
48,095 42 J
Number of accounts opened during the year ending Oct. 31, 1895,
1,676
Number of accounts closed during the year ending Oct. 31, 1895,
1,232
Total number of open accounts Oct. 31, 1895,
.
.
.
.
10,510
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

134,752 62

94,839 98

clusive of t a x e s ),...........................................................................................................
Amount of deposits, not including dividends, received during the year

9,446 45

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ................................................................................................15,048
Amount of withdrawals, including dividends, during the year ending Oct.

690,464 00

31, 1895..............................................................................................................................
Number of same...................................................................................................... 10,662
Date of examination by commissioner: May 7.

640,829 50


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

158

E A ST B R ID G E W A T E R S A V IN G S B A N K — E A ST
B R ID G E W A T E R .

Incorporated March 8 , 1870.

Present number of corporators, 43.
C h a k l e s F . M a n n , T rea su rer.

S a m u e l K e i t h , P r e s id e n t .
C h a r l e s F . M a n n , C le r k o f

th e

C o r p o r a tio n .

Names of committee charged with the investment o f its fund s:
S am u el K e it h ,

Jo h n H o b a r t ,

G eo. M . K e it h ,

Jo s h u a D e a n ,

A aron H o b art,

I. N . N u t t e r ,

E dw ar d H obart.

Open for business every business day, except Wednesday, 9 a . m . to 12
also Wednesdays and Saturdays, 6.30 to 8 p . m .

m

. ; 2 to 4 p .m . ;

B a l a n c e S h e e t O c t o b e r 31, 1895.

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)...............................................
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,
Bank building (expense and in­
come account),
Cash on hand,
.
.
.
.

$31,000 00
81,900 00
73,000 00
11,500
3,752
380,215
240,564

00
00
00
55

3,500
26
13,117
709

75
79

Deposits, .
Guaranty fund,
Interest, account,
Profit and loss ac­
count, .
Suspense account, .
Premiums,

$794,779 93
28,500 00
15,448 44
1,715 08
123 50
296 25

00
00

167 59
1,410 52
$840,863 20

$840,863 20

Cash on Deposit in Bank : —
Tremont National Bank, Boston,


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

$13,117 75

No. 8.]

SAYINGS BANK COMMISSIONERS

159

East Bridgewater Savings Bank — Continued.
Detailed ¡Statement o f Public Funds.

Par Value.

City of Brockton, Mass., 4s,
of Medford, Mass., 4s,
of New Britain, Conn , 4s,
of Rockford, III ,4s,
of Saginaw, Mich., 4s, ,

$6,000
5.000
5.000
10,000
5.000
$31,000

Estimated
Market Value.

$6,050
5,175
5,162
10,100
5,100

00
00
50
00
00

$31,587 50

Amount Invested.

$6,000
5.000
5.000
10,000
5.000

00
00
00
00
00

$31,000 00

of

f No.

Shares.

Detailed Statement o f Bank Slocks.

75
25
35
10
40
20
20

Fourth National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,.
Manufacturers’ N’l B’k, Boston,
Market National Bank, Boston,
National Bank of the Common­
wealth, Boston, .
20 N’l B’k of No. America, Boston,
50 N’l B'k of Redemption, Boston,
25 National City Bank, Boston, .
25 National Eagle Bank, Boston,.
23 N’l Hide & Leather B’k, Boston,
27 Nat’l Webster Bank, Boston, .
20 Shawmut Nat’l Bank, Boston,.
22 State National Bank, Boston, .
120 Third National Bank, Boston,
50 Tremont Nat’l Bank, Boston, .
12 Winthrop Nat’l Bank, Boston,
50 Brockton N’l Bank, Brockton,
40 Home Nat’l Bank, Brockton, .
20 First N’l Bank, West Newton,
50 Massachusetts Loan and Trust
Company, Boston,
15 State Street Safe Deposit and
Trust Company, Boston,
25 Plymouth County Safe Deposit
and Trust Company, Brock­
ton,
...................................


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$7,500
2,500
3,500
1,000
4,000
2,000

$9,000
2,250
2,975
1,070
4,000
1,600

00
00
00
00
00
00

$7,500
2,500
3,500
1,000
4,000
2,000

00
00
00
00
00
00

2,000
2,000
5,000
2,500
2,500
2,300
2,700
2,000
2,200
12,000
5,000
1,200
5,000
4,000
2,000

2,780
2,135
6,050
2,025
2,059
2,438
2,808
2,200
2,464
10,920
4,450
1,572
5,750
7,600
2,000

00
00
00
00
37
00
00
00
00
00
00
00
00
00
00

2,000
2,000
5,000
2,500
2,500
2,300
2,700
2,000
2,200
12,000
5,000
1,200
5,000
4,000
2,000

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

5,000

5,787 50

5,000 00

1,500

1,530 00

1,500 00

2,500

2,500 00

2,500 00

$81,900

$87,963 87

$81,900 00

[Pub. Doc

REPORT OF THE

160

East Bridgewater Savings B ank— Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R R 4s,
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R R.6s,
Boston, Winthrop & Shore R.R. 5s,.
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R 5s, .
Newport & Richford R.R. 5s, .
Old Colony R R. 6s,.
Upper Coos R.R. 4s,
Vermont & Massachusetts R.R. 5s, .

*

Estimated
Market Value.

Amount Invested.

$15,000
5.000
4.000
5.000
5.000
5.000
16,000
5.000
3.000
5.000
5.000

$15,300
5,775
4,120
5.350
5,200
6,000
16,875
5,250
3,150
5,000
5.350

00
00
00
00
00
00
00
00
00
00
00

$73,000

$77,370 00

$15,000
5.000
4.000
5.000
5.000
5.000
16,000
5.000
3.000
5.000
5.000

00
00
00
00
00
00
00
00*
00
00
00

$73,000 00

A legal investment when made.

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$13,117 75
3,500 00
86,600 00

Rate.

2

4
4h

per cent.

“
“

Amount.
$ 1 0 ,0 0 0 00
231,700 00

4|
5

Rate.

$12,630 00
279,875 55

per cent.

“

Am ount invested in real estate for banking purposes, .
Estimated value o f the s a m

Amount.

Rate.

.

.

.

5£ per
6

.

e , ..............................................................................

Assessed value o f the s a m e , .........................................................................................
Value, by books, of other real estate held or owned by foreclosure or

cent.
“

$11,500 00
11,500 00
8,400 00

o t h e r w i s e ,.....................................................................................................................
Assessed value o f the s a m e , ........................................................................................
Number o f loans which are of an amount not exceeding $3,000 each,. 321

3,752 00
6,600 00

Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 327
Gross amount o f interest or profits received or earned, as per books, during

259,040 55

year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-la w s: first Monday in January

41,331 08

and July.
Rate and amount of each semi-annual dividend f 2 £ per cent., $17,901 20 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 15,132 54 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 230
Number of accounts closed during the year ending Oct. 31, 1895,
. 142
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,139


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Federal Reserve Bank of St. Louis

gg Qgg ^
’

No. 8.]

SAYINGS BANK COMMISSIONERS.

161

East Bridgewater Savings B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 , ..................................................................................................
Number o f same.............................................................................................. 1,396
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , ........................................................................................ 1,298
Date of examination by commissioner: April 23.


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

$2,319 96
129,110 73

105,720 62

162

[Pub. Doc

REPORT OF THE

E A ST CA M BR ID G E S A V IN G S B A N K — E A ST
CA M B R ID G E .
Incorporated April 29, 1854.

Present number of corporators, 32.

J o h n C. B u l l a r d , P r e s i d e n t .

E. L l o y d , T r e a s u r e r .

W il l ia m

W i l l i a m E . L l o y d , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
A n d r e w J. G r e e n ,

Ja m e s M . P r ic e ,

J o h n C. B u l l a r d ,

B en j. F . T h om pson,

W il l ia m G o epper .

Open for business every business day, 9

a .m

. to 1 p . m .

B a l a n c e S h e e t O c t o b e r 31, 1895.

A ssets .

L ia b ilit ies .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Kaiiroad 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, .
Deposits in banks, not on interest,
Expense account,
East Cambridge Land Company,*
Cash on hand,
.
.
.
.

$36,000
137.916
28,000
79,500

00
67
00

00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
.

$2,189,683 36
107,159 40
1,179 74
95,619 75

25,000 00
1,507,91 L 97
562,172 28
8 ,0 0 0 0 0

2,853 61
2 ,0 0 0 00

330 80
1 00

3,955 92
$2,393,642 25

$2,393,642 25

* Taken to secure indebtedness.
Cash on Deposit in Bank : —
Lechmere National Bank, East C a m b r i d g e , ..................................................$ 4,853 61
Loans on Bank Stock, amount on each : —
On 30 shares Lechmere National Bank, East Cambridge, .
On 300 shares Cambridge National Bank, East Cambridge,


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

.

.
.

.
.

.

$3,000 00
25,000 00

No. 8.]

SAYINGS

163

BANK COMMISSIONERS

East Cambridge Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Grand Rapids, Mich., 4£s, .
of Lynn, Mass., is, .
Town of Webster, Mass., 4s, .
of Wellesley, Mass., 4s,

Estimated
Market Value.

$10,000
10,000
10,000
6,000

$10,900
10,700
10,450
6,270

00
00
00
00

$36,000

$38,320 00

Amount Invested.

$10,000
10,000
10,000
6,000

00
00
00
00

$36,000 00

Detailed Statement o f Bank Stocks.
m
>
6§
^ 5)
O <L

7 Atlas National Bank, Boston, .
36 Blackstone N’l B'k, Boston, .
63 Boston National Bank,Boston,
41 Bunker Hill N’l Bank, Boston,
30 Continental NT Bank, Boston,
12 Eliot National Bank, Boston, .
20 Faneuil Hall NT Bank, Boston,
60 First Ward Nat’l Bank, Boston,
21 Globe National Bank, Boston,
60 Howard Nat’l fank, Boston, .
5 Massachusetts N’l B’k, Boston,
50 Merchants’ N’l Bank, Boston, .
40 Metropolitan N’l B'k, Boston,
67 N’l B’k of Commerce, Boston,
80 National Bank of the Common­
wealth, Boston,
5 N’l B’k of No. America, Boston,
10 N’l B’k of Redemption, Boston,
58 N’l B’k of the Republic, Boston,
16 Nat’l Exchange Bank, Boston,
115 N’l Hide & Leather B’k, Boston,
38 National Revere B’k, Boston, .
5 National Union Bank, Boston,
45 Nat’l Webster Bank, Boston, .
20 New England N’l B’k, Boston,
19 North National Bank, Boston,
183 Third National Bank, Boston,
76 Tremont Nat'l Bank, Boston, .
24 Charles River National Bank,
Cambridge, .
.
.
.
51 Lechmere N’l B’k, Cambridge,
26 Nat’l City Bank, Cambridge,
33 Concord Nat’l Bank, Concord,
11 Fall River NT B’k, Fall River,


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

Estimated
Market Value.

Amount Invested.

$700
3,600
6,300
4,100
3,000
1,200
2,000
5,000
2,100
6,000
500
5/100
4,000
6,700

$861
3,600
6,300
8,118
3,240
1,596
2,660
6,500
1,785
5,820
425
8,000
3,720
7,437

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

$700
3,600
6,300
4,100
3,000
1,200
2,000
4,000
2,100
6,000
500
5,000
4.000
6,700

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

8,000
500
1,000
5,800
1,600
11,500
3,800
500
4,500
2,000
1,900
18,300
7,600

11,120
535
1,210
8,816
2,000
12,190
3,534
675
4,681
3,180
1,995
16,653
6,764

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

8,000
500
1,000
5,800
1,600
11,500
3,800
500
4,500
2,000
1,900
18,300
7,600

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

2,400
5,100
2,600
3,300
1,100

3,600
7,650
4,355
4,950
1,177

00
00
00
00
00

2,400
5,066
2,600
3,300
1,100

00
67
00
00
00

Par Value.

164

EEPOET OF THE

[Pub. Doc.

East Cambridge Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

25
35
30
13

Par Value.

First National Bank, Malden,
First N’l Bank, Marlborough,
Merchants’ N’l B’k, Newburyp o r t , ..................................
Newton Nat’l Bank, Newton,

Estimated

Amount Invested.

Market Value.

$2,500
3,500

$4,000 00
4,025 00

$2,560 00
2,850 00

600
1,300

750 00
1,040 00

600 00
1,300 00

$139,600 $164,962 00 $137,916 67

Detailed Statement o f Railroad Bonds.
Par Value.

Conn & Passumpsic Rivers R.R. 4s,
Eastern R R 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R R. 7s, .
Portsmouth, Gt. Falls & Conway
R.R. 4 £ s , ...................................

$15,000
8,500
4,000
20,000
20,000
10,000

Estimated
Market Value.

$15,825
10,200
4,060
20,200
21,375
13,600

Amount Invested.

00
00
00
00
00
00

$15,000
8,500
4,000
20,000
2(1,000
10,000

00
00
00
00
00
00

2,000

2,300 00

2,000 00

$79,500

$87,560 00

$79,500 00

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$2,672
2,853
8,000
100,000

Rate.
28
61
00
00

0 per cent.
2
“
3è
“
3|
“

Amount.
$179,000
25,000
209,500
99,700

Rate.
00
00
00
00

4 per cent.
4j
“
44
“
4è
“

Amount.
$867,959
412,900
196,352
5,000

Rate.
00
00
97
00

5 per cent.
5h
“
6
“
7

Amount invested in real estate for banking p u rp oses,........................................$25,000 00
Estimated value of the s a m e , ...............................................................................
25,000 00
Assessed value of the same (uncom pleted),...........................................................
Number of loans which are of an amount not exceeding $3,000 each ,. 606
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 727
Amount of 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, 1895......................................................................................
Times for the dividends fixed by the by-laws : April 15 and October 15.


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

15,700 00
807,111 67
2,672 28
110,142 72

No. 8.]

SAVINGS BANK COMMISSIONERS.

165

East Cambridge Savings Bank — Concluded.
Rate and amount o f each semi-annual dividenc
during the year ending Oct. 31, 1895,
Number of accounts opened during the year ending Oct. 31, 1895,
Number of accounts closed during the year ending Oct. 31, 1895,
Total number of open accounts Oct. 31, 1895,
.
.
.
.

1,570
1,280
8,179

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
...........................................................•
.
.
.
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 , ..................................................................................................

5,379 33
558,343 97

Number of same.............................................................................................. 11,813
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , ........................................................................................7,249
Date of examination by commissioner: January 18.


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

508,002 91

[Pub. Doc.

REPORT OF THE

166

E A S T H A M P T O N S A V IN G S B A N K — E A S T S A M P T O N .

Incorporated Feb. 10, 1869.
John M

a yh er

Present number of corporators, 30.

, P r e s id e n t .
0.

G. W

S
ebster

am uel

T . S e e l y e , T r e a su r e r .

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
John M

ayh ee

F. C.

,
G

eo.

L. M

anchester

G

reen e

,

.

Open for b u s i n e s s e v e r y b u s i n e s s day, 9

a .m

.

to 3

p .m

.

B a l a n c e S h e e t O c tober 31, 1895.

L ia b ilit ie s .

A ssets .

Bank stock as per schedule,
Loans on bank stock, .
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,

$249,134
2,030
443,147
164,267
75.369

45
00
18
52
77

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$899,083 42
45,000 00
131 62
509 12

10,000 00
775 24
$944,724 16

$944,724 16

Cash on Deposit in Banks, amount in each : —
First National Bank, A d a m s , ...............................................................................$5,000 00
First National Bank, E a s t h a m p t o n ,.....................................................................
25,369 77
Hampshire County National Bank, N o r t h a m p t o n ,........................................
20,000 00
Pynchon National Bank, S p rin g fie ld ,........................................................... .........
15,000 00
Springfield National Bank, S p t i n g f i e l d , ...........................................................
10,000 00
Springfield Safe Deposit and Trust Company, Springfield, .
.
.
.
10,000 00

Loans on Bank Stock, amount on each : —
On 3 shares First National Bank, Easthampton, .
.
.
.
.
.
On 14 shares Hampshire County National Bank, Northampton,
.
.
On 5 shares Agawam National Bank, S p r i n g f i e l d , .......................................


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

$230 00
1,400 00
400 00

No. 8.]

SAYINGS BANK COMMISSIONERS

167

Easthampton Savings Bank — Continued.
Detailed Statement o f Bank Stocks.
v- «5
o. 5a>
o 5

100
14
7
20
20
50
25
192
100
44
100
50
115
60
100
111
100
50
100
59
100
89
130
30
50
50

Par Value.

First National Bank, Adams, .
Blackstone N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
North Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
State Nat’l Bank, Boston,
First N’l Bank, Easthampton,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
First National Bank, Lynn,
Berkshire N’l B'k, No. Adams,
Hampshire County National
Bank, Northampton, .
Northampton National Bank,
Northampton,
Pittsfield N’l Bank, Pittsfield,
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,
John Hancock National Bank,
Springfield, .
.
.
.
Pynchon N’l B’k, Springfield,
Second N’l Bank, Springfield,
Springfield N’l B’k,Springfield,
Housatonic National Bank,
Stockbridge,
First Nat’l Bank, Westfield, .
First N’l Bank, West Newton,

$10,000
1,400
700
2,000
2,000
5,000
2,500
19,200

Estimated
Market Value.

$15,000
1,500
840
2,600
2,600
9,500
3,181
28,800

Amount Invested.

$14,100
1,400
700
2,520
2,000
9,000
3,181
19,200

00
00
00
00
00
00
25
00

00
00
00
00
00
00
25
00

10,000
4,400
10,000

11,000 00
5,720 00
11,000 00

10,500 00
5,720 00
10,000 00

5,000

6,250 00

5,800 00

11,500
6,000
10,000
11,100
10,000
5,000
10,000

18,550
12,494
11,000
17,108
18,000
7,250
14,951

00
20
00
00
00
00
00

17,825
12,494
10,000
17,108
16,750
7,250
14,951

00
20
CO
00
00
00
00

5,900
10,000
8,900
13,000

7,465
15,250
13,795
19,500

00
00
00
00

7,465
15,250
13,570
16,350

00
00
00
00

3,000
5,000
5,000

4,000 00
7,000 00
5,000 00

4,800 00
7,000 00
6,000 00

$186,600 $271,154 45 $249,134 45

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.
$75,369 77
386,435 68

Rate.
4 per cent.
5
“

Amount.
$4,000 00
34,596 50

Rate.

Rate.

Amount.

5| per cent.
4
“

$184,412 52

Number of loans which are of an amount not exceeding $3,000 each,.

6

per cent.

312

Aggregate amount o f the s a m e , .............................................................................. $354,457 20
Total number of loans upon real e s t a t e , .................................................295
Gross amount of interest or profits received or earned, as per books, dur­
42,264 52
ing year ending Oct 31, 1 8 9 5 , .....................................................................
Times for the dividends fixed by the by-laws : January 23 and July 23.


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

168

REPORT OF TUE

Easthampton Savings Bank —

[Pub. Doc.

C oncluded.

Rate and amount of each semi-annual dividend
during the year ending Oct. 31, 1895,
Number of accounts opened during the year ending Oct. 31, 1895,

.

401

Number of accounts closed during the year ending Oct. 31, 1895,
Total number of open accounts Oct. 31, 1895,
.
.
.
.

.

241
2,326

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ....................................... .........
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of same, .
2,172
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , ...................................................................................................1,456
Date of examination by commissioner: M ay 24.


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

2,987 09
177,101 38

123,911 51

#

No. 8.]

169

SAYINGS BANK COMMISSIONERS

E A ST W E Y M O U T H S A V IN G S B A N K — EA ST W E Y M O U T H .
Incorporated Feb. 20, 1872.

Present number of corporators, 48.
J o h n A . R a y m o n d , T r e a su r e r .

Z e c h a r i a h L . B i c k n e l l , P r e s id e n t .

J o h n A . R a y m o n d , C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment of its fu n d s:
Z . L . B ic k n e l l ,

J o h n W .„ B a t e s ,

H . F. B ic k n e l l ,
E . G. B a t e s ,

N . D. C a n t e r b u r y ,
C h as. H . P ratt,

J o se p h A . C u s h in g .

Open for business every business day, except Saturdays, 2 to 5
2 to 6 p . m .

p .m

. ; Saturdays,

B a la n c e S h e e t O c tober 31, 1895.

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 bv foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns

$77,000 00
52,346 50

( n o t e s ) , .....................................

5,000 00
21,302 01
1,048 08

Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

6 6 ,0 0 0 00

1,450 00
454,129 55
26,011 26

Deposits, .
Guaranty fund,
Profit and loss account, .

$656,426 66
30,700 00
17,160 74

$704,287 40

$704,287 40

Cash on Deposit in Bank : —
Broadway National Bank, B o s t o n , ..................................................................... $21,302 01

Detailed Statement o f Public Funds.

City of Boston, Mass., 4s,
of Brockton. Mass., 4s,
of Cleveland, Ohio,-5s,
of Dayton, Ohio, 4s,.
of Detroit, Mich., 6s,
of Detroit, Mich., 7s,
of Fall River, Mass., 6s, .


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

Par Value.

Estimated
Market Value.

Amount Invested.

$ 10,000

$ 10,200 00

$ 10,000 00

10,000

10,000 00

3,000
3,000

10,450 00
3,420 00
3,000 00

1,000
2,000
2,000

1,210 00

1,000 oo

2,480 00
2,340 00

2,000 00
2,000 00

* A legal investment when made.

3,000 00
3,000 00*

[Pub. Doc

REPORT OF THE

170

East W eym outh Savings Bank — Continued.
Detailed Statement o f Public Funds — Concluded.
Estimated
Market Value.

Par Value.

City of Fort Wayne, Ind., 4Js,
of Grand Rapids, Mich., 8s,
of Lynn, Mass., 5s, .
of Newton, Mass., 6s,
of Peoria, 111., 7s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
of Springfield, Mass., 6s,.
of Springfield, Mass., 7s,.
Town of South Abington, Mass., 4s
of Turner’s Falls, Mass., 4s,
of Weymouth, Mass., 4s,
District of Columbia 7s, .

$5,425
3,000
1,110
2,360
3,285
3,750
2,300
1,180
1,210
5,225
5,200
11,495
4,760

$5,000
8,000
1,000
2,000
8,000
3,000
2,000
1,000
1,000
5,000
5,000
11,000
4,000

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

$83,400 00

$77,000

Amount Invested.

$5,000
3,000
1,000
2,000
3,000
3,000
2,000
1,000
1,000
5,000
5,000
11,000
4,000

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

$77,000 00

,

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

30
10
35
25
5
25
25
18
17
20
25
33
25
22
4
16
27
15
25
5
25
5
69
25

Par Value.

Boston National Bank, Boston,
Central National Bank, Boston,
Columbian N’l Bank. Boston, .
Everett Nat’l Bank, Boston, .
First Ward N’l Bank, Boston,
Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston,.
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k,Boston,
Metropolitan N’l B’k, Boston,.
N’l B’k of Commerce, Boston,
N’l B'k of No America, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide& Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Old Boston N’l Bank, Boston,.
Shawmut N’l Bank, Boston, .
State National Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Dedham Nat’l Bank, Dedham,
Salem National Bank, Salem,
Union N’l Bank, Weymouth, .
Massachusetts Loan and Trust
Company, Boston,


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

$3,000
1,000
3,500
2,500
500
2,500
2,500
1,800
1,700
2,000
2,500
3,300
2,500
2,200
400
1,600
2,700
1,500
2,500
500
2,500
500
6,900

Estimated
Market Value.

$3,000
1,300
3,500
2,000
650
2,250
1,925
1,746
1,700
1,860
2,775
3,522
3,125
2,337
371
1,744
2,970
1,680
2,275
445
2,550
575
7,590

00
00
00
00
00
00
00
00
00
00
00
75
00
50
50
00
00
00
00
00
00
00
00

Amount Invested.

$3,000
1,000
3,500
2,500
500
2,250
2,250
1,684
1,700
1,862
2,500
3,300
2,500
2,200
400
1,600
2,700
1,500
2,500
500
2,500
500
6,900

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

2,500

2,875 00

2,500 00

$53,100

$54,766 75

$52,346 50

No. 8.]

171

SAYINGS BANK COMMISSIONERS.

East W eym outh Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton & FitchburgR.R. 5s,
Boston & Lowell R R. 5s,
Boston & Lowell R.R. 6s,
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. 44s,
Old Colony R.R 6s,.
Portland & Ogdensburg R.R. 6s,
Upper Coos R.R. 44s,
Vermont & Massachusetts R.R. 5s, .

$14,000
3,000
3,000
5,000
1 ,0 0 0

7,000
1 ,0 0 0

5,000
7,000
8 ,0 0 0
1 0 ,0 0 0
2 ,0 0 0

$66,000

Estimated
Market Value.

Amount Invested.

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

$14,000 00

$70,972 00

$ 6 6 ,0 0 0 0 0

$15,960
3,120
3,030
5,025
1,030
7,525
1,085
5,225
7,210
8,720
10,900
2,142

3 ,0 0 0 0 0

3,000 00
5,000 00
1 ,0 0 0 0 0

7,000 00
1 ,0 0 0 0 0
5 ,0 0 0 0 0
7 ,0 0 0 0 0
8 ,0 0 0 0 0
1 0 ,0 0 0 0 0
2 ,0 0 0 0 0

Total Amount o f Loans, with Each Specified Rate o f Interest.

Bate.

Amount.

$21,302
5,000
2,900
15,500

01
00
00
00

3 per cent.
4
“
4A
“
4|

Bate.

Amount.

$6,160
4,800
428,301
8,880

00

00
13
00

5 per cent.
5è
“
6
“
64
“

Bate.

Amount.

$10,674 68
1,425 00
1,500 00

7 per cent.
8
“
10
“

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,. 316
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real estate,.......................................................... 327
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, 1895......................................................................................
Times for the dividends fixed by the by-law s: April 1 and October 1.
Rate and amount of each semi-annual dividend I 2] per cent., $12,665 21 1
during the year ending Oct. 31, 1895,
.
. < 2^ per cent , 13,671 79 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 307
Number of accounts closed during the year ending Oct. 31, 1895,
. 173
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,931

$1,450 00
1,300 00
392,042 82
1,450 00
37,697 62

26,337 00

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ),...........................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31. 1 8 9 5 ,...........................................................................................................
Number of same..............................................................................................1,661
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of same.............................................................................................. 1,208
Date of examination by commissioner: M ay 6 .


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

1,831 66
148

11 48

85,693 43

[Pub. Doc

REPOET OF THE

172

E L IO T F IV E CENTS SA V IN G S B A N K — BOSTON.

Incorporated Feb. 4, 1864.

Present number of corporators, 60.
F r an k E . G r a n g e r , T rea su rer.

J o h n C a r r , P r e s id e n t .

J o h n F . N e w t o n , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
Jo h n C a r r ,

W i l l i a m S. L e l a n d ,

Sa m u e l B . H o p k in s ,

G r ee n le a e C. G eorge.

G or h am R ogers,

G eorge E . B u l l a r d .

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 cto ber 31, 1895.

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, .
Dep' sits in banks, not on interest,
Expense account,
Short and surplus account,
Cash on hand,
.
.
.
.

$227,100 00
57,200 00
1 ,0 0 0 00

520.500
1,934,091
691.500
178,690
5,000
576
212
11,890

00
91
00
37
00
75
79
05

$3,636,761 87

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
T ax account, .
Suspense account, .

$3,503,106 46
100,430 75
1,684 20
25,071 69
4,500 00
1,968 77

$3,636,761 87

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , .............................................................................. $46,424 95
National Revere Bank, B o s t o n ,..............................................................................
43,107 87
People’s National Bank, B o s to n ,...............................................................................
94,157 55
Loan on Bank Stock: —
On 10 shares National Exchange Bank, Boston,................................................. $1,000 00


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

No. 8.]

SAVINGS BANK COMMISSIONERS

173

Eliot Five Cents Savings Bank — Continued.
Detailed ¡Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Fall River, Mass., 4^s,
of Fall River Mass., 6s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Lynn, Mass., 5s, .
of Providence, R. I., 4^s, .
of Providence, R. I., 5s, .
of Springfield, Mass., 6s,
of Taunton, Mass., 6s,
Town of Brookline, Mass., 7s,.
of Marlborough, Mass., 4s, .
District of Columbia 5s, .
State of New Hampshire 6s, .

$4,000
42,600
25,000
5,000
10,000
10,000
25,000
20,000
10,000
5,000
20,000
20,000
10,000
4,000
9,000
7,000
500
$227,100

Estimated
Market Value.

$4,740
43,239
28,750
6,050
10,700
11,800
26,375
21,000
11,100
5,175
21,240
23,600
10,150
4,260
9,450
7,315
605

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

Amount Invested.

$4,000
42,600
25,000
5,000
10,000
10.000
25,000
20,000
10,000
5,000
20,000
20,000
10,000
4,000
9,000
7,000
500

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

$245,549 00 $227,100 00

Mo. of
Shares.

Detailed Statement o f Bank Stocks.

10
70
20
50
10
13
30
30
61
10
20
10
171
43
14
10

Tar 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’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of No America, Boston,
N’l B’k of Redemption, Boston,
National Eagle Bank, Boston,
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Naumkeag Nat’l Bank, Salem,


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
1,000
2,000
1,000
17,100
4,300
1,400
1,000
$57,200

Estimated
Market Value.

$1,260
8,610
1,920
5,350
1,300
1,196
2,400
4,800
6,710
1,060
2,420
830
25,650
4,687
1,554
1,300

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

$71,047 00

Amount Invested.

$1,000
7,000
2,000
5,000
1,000
1,300
3,000
3,000
6,100
1,000
2,000
1,000
17,100
4,300
1,400
1,000

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

$57,200 00

174

[Pub. Doc

REPORT OF THE

Eliot Five Cents Savings B an k — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

$50,000

Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concoi’d & Montreal R.R. 4s, .
Connecticut River R R. 4s,
Conn. & Passuntpsic Rivet's R.R. 4s,
Fitchburg R.R. 4is, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4Js, .
N. Y & N. E. R.R. (terminal) 4s, .
[Newport & Richford R.R. 5s, .
Old Colony R.R 4s,.
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,
Salem & Lowell li R. 6s,.
Vermont & Massachusetts R.R 5s, .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

$52,500 00

11,000
50,000
3,000
25,000
25,000
50,000
25,000
25,000
25,000
5,000
50,000
25,000
22,000
35,000
5.000
16,500
20,000
37,000
25,000

12.540
51,500
3,030
26,375
26,250
52,000
26,375
26,250
25,250
5,210
54,000
25,000
23,100
37,450
5,120
17,985
21,000
39,590
25,600

Amount Invested.

$50,000 00
11,000
50,000
3,000
25,000
25,000
50,000
25,000
25,000
25,000
5,000
50,000
25,000
22,000
35,000
5,000
16.500
20,000
37,000
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
00
00
00
00

$529,500 $556,125 00 $529,500 00
*

A legal investment when made.

Total Amount o f Loans, with Each Specified Rate of Interest.

Rate.

Amount.

$178,690
205.000
60,000
961,700

37

2

00
00

H

00

35
4

per cent.
“
“

Amount.

$72,250
777,200
29,500
481,257

Rate.

00
00
00
32

41 per cent.
41
“
4f

“

5

“

Amount.

$25,700 00
12,484 59
1,500 00

Rate.

5^ per cent.
6

7

“
“

Number ofloans which are of an amount not exceeding $3,000 each ,. 168
Aggregate amount of the s a m e , ...............................................................................$283,741 91
Total number of loans upon real e s t a t e , ................................................. 354
Gross amount o f interest or profits received or earned, as per books, during
year ending Oct. 31, 1895, .
.
.
.................................................
149,443 52
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend j 2 per cent., $62,893 98 1
during the year ending Oct. 31, 1895,
.
( 2 per cent.,
64,429 7 Hi
Number of accounts opened during the year ending Oct. 31, 1895,
1,398
Number of accounts closed during the year ending Oct. 31, 1895,
. 925
Total number of open accounts Oct. 31, 1895.......................................
10,817


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

^ 7 32 3 76

’

No. 8.]

SAYINGS BANK COMMISSIONERS.

175

Eliot Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes).....................................................................................................................$8,277 33
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,.....................................................................................................
777,19657
Number of same.............................................................................................. 10,876
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ........................................................................................................................
672,98595
Number of s a m e , ........................................................................................ 8,048
Date of examination by commissioner : March 21.


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

176

E S S E X S A V IN G S B A N K — L A W R E N C E .
Incorporated March 15, 1847.

Present number of corporators, 21.
Ja m e s H . E a t o n , T r e a s u r e r .

J o s e p h S h a t t u c k , P r e s id e n t .

J a m e s H . E a t o n , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fund s:
Jo s e p h S h a t t u c k ,

Ja m e s H . K i d d e r ,

S a m u e l W h it e ,

G eorge E . D a v is .

Open for business every business day, 9

a .m .

to 1

p .m

. ; Saturdays from 2 to 4 p . m .

B a l a n c e S h e e t O ctober 31, 1895.

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 feal estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Cash on hand,
.

L ia b ilit ie s .

$730,000
316,900
15,800
425,000

00
00
00
00

1 0 0 ,0 0 0 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$6,556,004 65
360,000 00
54,316 09
2 0 0 ,0 0 0 0 0

2 0 ,0 0 0 00

3,487,216 00
1,938,850 00
109,100 00
16,805 42
10,649 32
$7,170,320 74

$7,170,320 74

Cash on Deposit in Banks, amount in each: —
National Hide & Leather Bank, Boston,
Winthrop National Bank, Boston,

$3,572 75
13,232 67

Loans on Bank Stock, amount on each : —
On 55 shares Merchants’ National Bank, Lawrence,
On 10 shares Pacific National Bank, Lawrence, .
On 105 shares Arlington National Bank, Lawrence,

$4,600 00
700 00
10,500 00

Loan on Railroad Stock : —
On 1,000 shares Boston & Maine R .R ,


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

$ 100,000

No. 8.]

SAYINGS BANK COMMISSIONERS.

177

Essex Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 5s,.
of Fall River, Mass , 6s,
of Indianapolis, Ind., 4s,
of Lawrence, Mass., 4s,
of Lawrence, Mass , 6s,
of Lynn, Mass., 6s, .
of Newton, Mass., 5s,

.
.
.
.
.

Estimated
Market Value.

Amount Invested.

f 200,000 $203,000 00 $200,000 00
40.000 00
40.000
41,200 00
135.000 00*
135.000
137,700 00
38.000 00*
38.000
38,410 00
25.000 00
25.000
29.000 00
100.000
100.000 00
104,000 00
121,000
121,000 00
122,850 00
5,000 00
5,000
5,400 00
50.000
51.000 00
50.000 00
17,600 00
16.000 00
16,01)0
$730,000 $750,160 00 $730,000 00

* Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

40 Atlantic Nat’l Bank, Boston, .
130 Atlas National Bank, Boston, .
6 Blackstone N’l Bank, Boston, .
30 Boston National Bank, Boston,
20 Continental N’l Bank, Boston,
80 Eliot National Bank, Boston, .
100 Everett Nat’l Bank, Boston, .
47 Globe National Bank, Boston,
232 Howard Nat’l Bank, Boston, .
60 Lincoln Nat’l Bank, Boston, .
40 Massachusetts N’l B’k, Boston,
200 Merchants’ N’l Bank, Boston, .
46 Mt Vernon N’l Bank, Boston,.
75 N’l B’k of Commerce, Boston,
80 National Bank of the Commonwealth, Boston, .
150 N’l B’k of No. America, Boston,
250 N’l B’k of the Republic, Boston,
130 National City Bank, Boston, .
100 N’l Hide & Leather B’k, Boston,
225 National Revere Bank, Boston,
10 National Union Bank, Boston,
166 Nat’l Webster Bank, Boston, .
100 North National Bank, Boston,
27 Shawmut Nat’l Bank, Boston,
100 State National Bank. Boston, .
100 Suffolk National Bank, Boston,


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

Par Value.

Estimated
Market Value.

Amount Invested.

$4,000
13,000
600
3,000
2,000
8,000
10,000
4,700
23,200
6,000
4,000
20,000
4,600
7,500

$5,040
15,990
600
3,000
2,160
10,400
8,000
3,995
22,504
4,620
3,400
32,000
5,224
8,325

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

$4,000
13,000
600
3,000
2,000
8,000
10,000
4,700
23,2(>0
6,000
4,000
20,000
4,600
7,500

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

8,000
15,000
25,000
13,000
10,000
22,500
1,000
16,600
10,000
2,700
10,000
10,000

11,120
15,750
38,000
10,530
10,600
20,700
1,340
17,264
10,700
2,943
11,200
10,400

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

8,000
15,000
25,000
13,000
10,000
22,500
1,000
16,600
10,000
2,700
10,000
10,000

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

[Pub. Doc

REPORT OF THE

178

Essex Savings Bank — Continued.
Detailed Statement o f Bank Stocks — Concluded.
V-. CQ
O <»

Par Value.

100
300
300

Tremont Nat’l Bank, Boston, .
Bay State N’l Bank, Lawrence,
Lawrence N’l Bank, Lawrence,

Estimated

Amount Invested.

Market Value.

$10,000
22,500
30,000

$8,900 00
36,000 00
33,600 00

$10,000 00
22,500 00
30,000 00

$316,900

$364,305 00

$316,900 00

Detailed Statement of Bailroad Bonds.

Par Value.

Boston & Lowell R.R 4s,
Boston & Lowell R.R. 4£s,
Concord & Montreal R.R. 4s, .
Fitchburg R R 5s, .
Worcester, Nashua & Roch. R.R. 4s,

$50,000
50.000
200,000
105,000
20.000

Estimated

Amount Invested.

Market Value.

$51,000
52,000
208,000
115,200
20,400

00
00
00
00
00

$50,000
50.000
200,000
105,000
20.000

00
00
00
00
00

$425,000 $446,600 00 $425,000 00

Total Amount of Loans , with Each Specified Bate o f Interest.

Rate.

Amount.

$16,805 42
1 0 0 ,0 0 0 00

30.000 00
50.000 00
1 0 0 ,0 0 0 00

per cent.
3
3i
“
3.65 “
2

Q7

<<

Rate.

Amount.

$18,000
1,431,800
170,000
1,114,300

00

00
00
00

3| per cent.
4
“
H
“
44
“

Amount.

$4,500
2,068,720
92,200
471,446

Rate.

00
00
00
00

4| per cent.
5
54
6
“

6 1Q

Amount invested in real estate for banking purposes........................................... $20,000 00
Estimated value of the sam e ,........................................................................................
30,000
Assessed value of the s a m e , ........................................................................................
30,000
Net income received from same during year ending Oct. 31, 1895,
.
.
1,916
Number of loans which are of an amount not exceeding $3,000 each ,. 502
Aggregate amount of the same,
...............................................................................
612,296
Total number of loans upon real e s t a t e , ................................................. 713
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1895......................................................................................
Times for the dividends fixed by the b y-la w s: third Wednesday in April
and October.


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

00
00
00
00

319,984 41

No. 8.j

SAVINGS BANK COMMISSIONERS.

179

Essex Savings Bank— Concluded.
Rate and amount of each semi-annual dividend J 2 per cent., $121,560 61
j $244,567 05
during the year ending Oct. 31, 1895,
.
. I 2 per cent., 123,006 44
Number o f accounts opened during the year ending Oct. 31, 1895,
3,775
Number of accounts closed during the year ending Oct. 31,1895,
2,782
18,687
Total number of open accounts Oct; 31,1895.......................................
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes)..............................................................................................................

16,111 98

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,...........................................................................................................

1,360,643 68

Number of s a m e , ........................................................................................

23,309

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , ................................................................................................ 16,378
Date of examination by commissioner : April 25.


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Federal Reserve Bank of St. Louis

1,350,024 52

180

[Pub. Doc

REPORT OF THE

E V E R E T T S A V IN G S B A N K — E V E R E T T .
Incorporated March 1, 1889.
Ja m e s

Present number of corporators, 25.

P. S t e w a r t , P r e s id e n t .
H

enry

Sam uel

K. V

e a z ie

P. C a n n e l l , T r e a s u r e r .

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its fund s:
W

oodbury

A. H

N

a t h a n ie l

J. M

am

,

D

ead

,

B. F

a n ie l

essen den

,

Sa m u e l P . Ca n n e l l ,

S a m u e l M . Jo h n s o n .

Open for business every business day, 2 to 4

p .m

.;

and Saturdays, 7.30 to 8.30

p .m

.

B a la n c e S h e e t O cto ber 31, 1895.

A ssets

Bank stock 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,
.
.
.
.

L ia b il it ie s .

$ 2 ,0 0 0 00
89,625 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Furniture and fixtures
account,

1 ,0 0 0 00

42,500
9,000
4
2,124

00
35
50
19

$146,254 04

$143,659 42
1,475 00
206 02
763 60
150 00

$146,254 04

Cash on Deposit in Banks, amount in each: —
National Security Bank, B oston,...............................................................................$145 53
Winthrop National Bank, B o s t o n , .....................................................................
8,414 83*
First National Bank, C h e l s e a , ..............................................................................
144 17
Winnisimmet National Bank, C h e l s e a , ...........................................................
79 64
First National Bank, M a l d e n , ...............................................................................
216 18

No. of
Shares.

Detailed Statement of Bank Stocks.

20

Par Value.

Globe National Bank, Boston,


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

$2,000

Estimated
Market Value.

$1,760 00

* Since reduced within the legal limit.

Amount Invested.

$2,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS

181

Everett Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Rate o f Interest.
Rate.

Amount.
$8,776 54
223 81
40,500 00

2
2i

4

per cent.
“
“

Amount.
$15,150 00
2,500 00

Rate.
5 per cent.
“

5i

Amount.
$25,950 00
49,025 00

Rate.
5J per cent.
“

6

Number of loans which are of an amount not exceeding $3,000 each,
58
Aggregate amount of the s a m e , ..............................................................................
$84,125 00
Total number o f loans upon real estate............................................................ 57
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
6,084 14
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent.,
$2,101 13 1
4,449 64
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
2,348 51
Number of accounts opened during the year ending Oct. 31, 1895,
. 264
Number of accounts closed during the year ending Oct. 31, 1895,
. 107
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,136
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
629 56
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
82,623 28
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ........................................................................................ 1,543
Amount of withdrawals, including dividends, during the year ending Oct.
58,226 23
31, 1 8 9 5 , .....................................................................................................................
Number of same........................................................................................................ 981
Date of examination by commissioner: February 5.


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Federal Reserve Bank of St. Louis

182

REPORT OF THE

[Pub. Doc

F A IR H A Y E N IN S T IT U T IO N FOR S A V IN G S — F A IR H A V E N .

Incorporated Feb. 10, 1832.

Present number of corporators, 32.

G e o r g e H . T a b e r , P r e s id e n t .
Ch arles H . M

Ch arles H . M
orton,

orton,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:
G eorge H . T
W

alter

aber

P. W

,

Cyrus D . H

in s o r ,

unt,

L e v i M . Sn o w ,

Jo h n B . H

u ssey.

Open for business every business day, 9

a .m

to 1

f .m .

B a la n c e S h e e t O c tober 31, 1895.

A ssets .

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,
Real estate (for banking pur­
poses),
.......................................
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,
Sea View Hotel and W harf Co.
s t o c k , * .......................................
Banking house expense,
Cash on hand,
.
.
.
.

$6,500
114,870
300
23,500

00

00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$494,807 54
23,314 00
371 15
3,350 75

4,500 00

12,000 00
238,111
106,410
9,111
4,000
145

30
33
38
00
09

2,153 96
196 88
44 50
$521,843 44

$521,843 44

* Taken to secure indebtedness.
Cash on Deposit in Bank : —
National Bank of Fairhaven, F a ir h a v e n ,........................................................... $ 1 3 ,11138
Loan on Bank Stock : —
On 5 shares National Bank of Fairhaven, Fairhaven,


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

.

.

.

.

$300 00

No. 8.]

183

SAYINGS BANK COMMISSIONERS

Fairhaven Institution for Savings — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Belfast, Me., 6s, .

Estimated
Market Value.

$6,727 00

$6,500

Amount Invested.

$6,500 00*

* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

100
50
50
50
90
80
60
40
30
158
80
90
68
40

Par Value.

Boston National Bank, Boston,
Continental Nat'l B’k, Boston,
Eliot Natl Bank, Boston,
Howard Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
North National Bank, Boston,
State National Bank, Boston, .
National Bank of Fairhaven,
Fairhaven, .
.
.
.
Citizens’ N’l B’k, New Bedford,
First N’l Bank, New Bedford,
Mechanics’ Nat’l Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,

$10,000
5,000
5,000
5,000
9,000
8,000
6,000
4,000
3,000

Estimated
Market Value.

$10,175
5,400
6,500
4,700
10,080
8,640
9,120
4,285
3,390

00
00
00
00
00
00
00
00
00

Amount Invested.

$12,000
5,300
6,500
5,500
10,350
8,000
7,740
5,160
3,450

00
00
00
00
00
00
00
00
00

12,640
8,000
9,000

12,640 00
10,000 00
14,040 00

12,640 00
10,400 00
12,150 00

6,800

12,710 00

10,880 00

4,000

3,560 00

4,800 00

$95,440

$115,240 00 $114,870 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4ès, .
Concord & Montreal R.R. 4s, .


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

Estimated
Market Value.

Amount Invested.

$10,000
10,000
3,000

$10,300 00
11,050 00
3,120 00

$10,000 00
10,500 00
3,000 00

$23,000

$24,470 00

$23,500 00

184

[Pub. Doc,

REPORT OF THE

Fairhaven Institution for Savings — Concluded.
Total Amount of Loans, with Each Specified Rate o f Interest.
Rate.

Amount.
$9,111 38
15,000 00
49,500 00

2

4
4i

per cent.
“
“

Amount.
$92,740 00
28,450 00
10,456 00

Rate.

Amount.

5 per cent.
5à
“
5f
“

$146,835 63
1,350 00
490 00

Rate.
6
6à

7

Amount invested in real estate for banking purposes...........................................
Estimated value of the s a m e , ...............................................................................
Assessed value of the same.............................................................................................
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 o f an amount not exceeding $3,000 each, 175
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 184
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 5 , ..............................................................................
Times for the dividends fixed by the b y-law s: last Monday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $9,231 02 )
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
9,423 73 >
Number of accounts opened during the year ending Oct. 31,1895,
.
95
Number of accounts closed during the year ending Oct. 31, 1895,
.
76
Total number of open accounts Oct. 31, 1895,
.
.
.
.
859
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,............................................................................................................
Number of s a m e , ........................................................................................
230
Amount o f withdrawals, including dividends, during the year ending Oct.
......................................................................................................................
31, 1895,
Number of s a m e , ............................................................................................... 400
Date of examination by commissioner: July 26.


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Federal Reserve Bank of St. Louis

per cent.
“

$4,500 00
6,000 00
3,800 00

12,000 00
4,000 00
165,495 24
2,153 96
23,987 65

18,654 75

2,549 48
60,381 86

60,586 59

No. 8.]

SAYINGS BANK COMMISSIONERS.

185

F A L L R IV E R S A V IN G S B A N K — F A L L R IV E R .

Incorporated March 11, 1828.

Present number of corporators, 125.

T h o m a s J. B o r d e n , P r e sid e n t.

Ch a r l e s A . B asse tt, T rea su rer.

N e w t o n R . E a r l , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
R o b e r t C. B r o w n ,

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
Ch arles M . A l l e n .

Open for business every business day, 9

Ba la n c e Sh e e t O ctober

a .m .

to 2

p .m .

31, 1895.
L ia b ilit ie s .

A ssets .

Public funds as per schedule,
.
Bank stock as per schedule,
Loans on bank sto c k ,.
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, .
Expense account,
Cash on hand,
.
.
.
.

enry,

$775,900
741.850
14.000
419,000

00
00
00
00

46.000
15.000
2,968,740
1,817,325

00
00
00
00

5,000
67,500
1,032
2,300

00
00
22
34

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Balance due on mort­
gage loans, .

$6,873,647 56

$6,515,569 05
260,400 00
60,562 51
17,200 00
19,916 00

$6,873,647 56

Cash on Deposit in Banks, amount in each : —
$9,500 00
8,000 00
40.000 00

National Bank of Redemption, Boston,
Metacomet National Bank, Fall River,
Massasoit National Bank, Fall R iver,.
Third National Bank, Springfield,

10.000 00

Loans on Bank Stock, amount on each : —
On 166 shares Metropolitan National Bank, Boston, .
On 49 shares Metropolitan National Bank, Boston, .


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Federal Reserve Bank of St. Louis

$

11,000 00
3,000 00

REPORT OF THE

186

[Pub. Doc.

Fall River Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

City of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Cambridge, Mass., 3£s,
of Cambridge, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Gloucester, Mass,, 4s, .
of Lynn, Mass., 4s, .
of Nashua, N. H., 4s,
of New Bedford, Mass., 3ès,
of Waltham, Mass., 4s, .
of Worcester, Mass., 4s, .
Town of Belmont, Mass., 4s, .
of Freetown, Mass., 4£s,
County of Hampden, Mass., 3s,

.

$200,000 $224,000 00 $200,000 00
100,000
115,000 00
100,000 00
36,000
36,000 00
36,000 00
80,000
86,400 00
80,000 00
100,000
105,000 00
100,000 00*
13.000
13,260 00
13,000 00
25,000
27,310 00
25,000 00
41,000
47,850 00
41,000 00
40,000
40,400 00
40,000 00
35,000
35,550 00
35,000 00
6,000
6,120 00
6,000 00
30,000
30,000 00
30,000 00
6,000
6,12« » 00
6,000 00
25,000
26,250 00
25,000 00
28,000
28,000 00
28,000 00
900
900 00
900 00
10,000
9,400 00
10,000 00
$775,900 $837,560 00 $775,900 00

*

A legal investment when made.

-

Detailed Statement o f Bank Stocks.
OC
<O
p

V.

Estimated
Market Value.

150
400
330
300
160
200
400
107
250
300
232
200
100
715
650
935
150
500

Eliot National Bank, Boston, .
Faneuil Ilall N’l B’k, Boston,.
First National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ N’l 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 Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Second Nat’l Bank, Boston,
Washington N’l B’k, Boston, .
First National Bank, Chelsea,
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 N’l Bank, New Bedford,


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Federal Reserve Bank of St. Louis

$15,000
40,000
33,000
30,000
16,000
20,000
40,000
10,700
25,000
30,000
23,200
20,000
10,000
71,500
65,000
93 500
15,000
50,000

$19,500
53,200
78,870
29,100
25,600
22,400
42,400
12,947
26,500
27,900
41,296
21,600
10,600
78,650
97,500
116,875
25,500
76,500

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

$15,000
40,000
72,600
30,000
16,000
20,000
40,000
10,700
25,000
30,000
34,800
20,000
10,000
71,500
76,050
93,500
i5,or>o
50,000

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

No. 8.]

SAYINGS BANK COMMISSIONERS

187

Fall River Savings Bank — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks — Concluded.

220
420

Par Value.

Merchants’ Nat’l Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,

Estimated
Market Value.

Amount Invested.

$22,000

$45,100 00

$29,700 00

42,000

35,700 00

42,000 00

$671,900 $887,738 00 $741,850 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s. .
.
.
.
Boston & Lowell R.R. 4s,
Boston, Winthrop & Shore R.R. 5s,
Leeds & Farmington R.R. 6s, .
Maine Central R R. 6s,
Maine Central R.R. 7s,
New York, Providence & Boston
RR. 7 s , ...................................
Old Colony R.R. 4s,
. . .
Old Colony R.R. 4£s,
Old Colony R.R. 6s,
. . .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$70,000
25,000
15,000
15,000
10,000
7,000

$80,500
25,500
16,650
15,150
10,900
7,490

00
00
00
00
00
00

$70,000
25,000
15,000
15,000
10,000
7,000

00
00
00
00
00
00

10,000
100,000
50,000
67,000
50,000

11,000
108,000
52,500
68,900
50,000

00
00
00
00
00

10,000
100,000
50,000
67,000
50,000

00
00
00
00
00

$419,000

$446,590 00 $419,000 00

Total Amount o f Loans, with Each Specified Rate of Interest.

Amount.

$17,500 00
1 0 ,0 0 0 00

5,000 00
40,000 00

Rate.

per cent.
»
“
3
“
2
2è
21

Amount.

$152,500
300.000
960.000
25,000

Rate.

00
00
00
00

3J per cent.
3|
4
“
4 i

“

Amount.

$312,500
1,267,489
1,781,626
950

Rate.

00
00
00
00

4£ per cent.
5
»
5è
“
6
“

Am ount invested in real estate for banking p u r p o se s,........................................$46,000 00
Estimated value of the s a m e , ...............................................................................
46,000 00
Assessed value of the same.............................................................................................
48,000 00
Net income received from same during year ending Oct. 31, 1895,
.
.
700 00


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Federal Reserve Bank of St. Louis

188

REPORT OF THE

[Pub. Doc

F all River Savings Bank — Concluded.
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 S3,000 each, 1,029
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ....................................... 1,256
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 5 , ........................................................................................
Times for the dividends fixed by the by-law s: first Monday in April and
October.

$15,000 00
16,900 00
1,431,159 00
15,000 00
324,046 10

Rate and amount of each semi-annual dividend f 2|percent., $137,240 87
I 277,292 34
during the year ending Oct. 31, 1895,
.
. 1 2| per cent., 140,051 47
Number of accounts opened during the year ending Oct. 31, 1895,
2,357
Number of accounts closed during the year ending Oct. 31, 1895,
1,734
Total number of open accounts Oct. 31, 1895,
.
.
.
.
13,440
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f t a x e s ) , ..................................................................................................
14,712 98
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,.................................................................................................. 1,016,679 6 8
Number of s a m e , ........................................................................................ 12,994
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1895................................................................................................................................
998,862 51
Number of s a m e , ........................................................................................ 10,773
Date of examination by commissioner: July 25.


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Federal Reserve Bank of St. Louis

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

190

REPOET OF THE

[Pub. Doc

Fall River Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Chicago, 111, 4s, .
of Everett, Mass , 4s,
of Lynn, Mass., 4s, .

$50,000
25.000
50.000

Estimated
Market Value.

$52,000 00
26,500 00
51,250 00

Amount Invested.

$50,000 00*
25.000 00
50.000 00

$125,000 $129,750 00 $125,000 00
*

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

50
250
145
100
250
15
160
100
50
200
300
150
85
35
145
250
100
150
300
100
20
120
250
400
70
300
20
100
36
412
50
100
10
13

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
Monument N’l Bank, Boston,.
N’l B’k of Commerce, Boston,.
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k,Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Third Nat’l Bank, Boston,
Winthrop N’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,
Second Nat’l Bank, Fall River,
Leominster N’l B’k,Leominster,
Malden Nat’l Bank, Malden, .
Oxford Nat’l Bank, Oxford, .
Palmer Nat’l Bank, Palmer, .


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

$5,000
25,000
14,500
10,000
25,000
1,500
16,000
10,000
5,000
20,000
30,000
15,000
8,500
3,500
14,500
25,000
10,000
15,000
30,000
10,000
2,000
12,000
25,000
40,000
7,000
30,000
2,000
10,000
3,600
41,200
5,000
10,000
1,000
1,300
$483,600

Estimated
Market Value.

$6,300 00
30,750 00
14,500 00
10,000 00
27,000 00
2,000 00
13,120 00
13,333 00
12,000 00
19,600 00
23,400 00
13,950 00
19,975 00
3,850 00
15,515 00
30,250 00
8,100 00
18,750 00
31,800 00
9,300 00
2,080 00
13,200 00
23,150 00
36,400 00
9,170 00
31,800 00
2,040 00
12,500 00
3,780 00
70,040 00
5,250 00
16,000 00
1,050 00
1,885 00

Amount Invested..

$5,000
25,000
14,500
10,000
25,000
1,500
16,000
10,000
5,000
20,000
30,000
15,000
8,500
3,500
14,500
25,000
10,000
15,000
30,000
10,000
2,000
12,000
25,000
40,000
7,000
30,000
2,000
10,000
3,600
41,200
5,000
10,000
1,000
1,300

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

$551,838 00 $483,600 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

191

Fall River Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Concord & Montreal R.R. 4s, .
Maine Central R.R. 4^s,
Old Colony R.R. 4s,.
Rutland R R. 5s,
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

$50,000
25.000
25.000
50.000
100,000

Estimated
Market Value.

$53,250
26,000
27.000
53,500
100,000

55.000

Amount Invested.

00
00
00
00
00

66.000 00

$50,000
25.000
25.000
50.000
80.000

00
00
00
00
00*

55,000 00

$305,000 $325,750 00 $285,000 00
*

A legal investment when made.

Total Amount of Loans, with Each Specified Bate o f Interest.
Amount.

$52,514 47
130 000 00
90,000 00

Kate.

2

31
4

per cent.
“
«

Amount.

Rate.

Amount.

Rate.

$ 12 0 ,0 0 0 00
373,800 00
10,500 00

4| per cent.
4i
“
4|
«

$654,600 00
1,202,952 40
4,200 00

5 per cent.
5è
“

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, 1895,
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, 1895,
Number of loans which are of an amount not exceeding $3,000 each,. 489
Aggregate amount of the s a m e , ..............................................................................
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, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-laws : second Monday in June and
December.

6

$45,000 00
65,000 00
65,750 00
1,128 27
49,285 48
58,700 00
2,600 00
708,602 00

178,956 58

Rate and amount of each semi-annual dividend f 2^ per cent., $68,657 45 1
139,411 63
during the year ending Oct. 31, 1895,
.
. 1 2^ per cent., 70,784 18 1
Number of accounts opened during the year ending Oct. 31, 1895,
2,470
Number of accounts closed during the year ending Oct. 31, 1895,
1,410
Total number of open accounts Oct. 31, 1895.......................................
12,157


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Federal Reserve Bank of St. Louis

REPORT OF THE

192

[Pub. Doc.

Fall River Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31,1895 (ex­
clusive of t a x e s ) , ...........................................................................................................$7,560 57
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , .....................................................................................................
697,72682
Number of s a m e , ........................................................................................
20,863
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .........................................................................................................................
574,08319
Number of s a m e , ........................................................................................ 8,531
Date of examination by commissioner : September 5.


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Federal Reserve Bank of St. Louis

No. 8 .]

SAYINGS BANK COMMISSIONERS.

193

F A R M E R S ’ A N D M E C H A N IC S ’ S A V IN G S B A N K — SOUTH
F R A M IN G H A M .
Incorporated April 23, 1883.

Present number o f corporators, 27.
G eorge E . C u t l e r , T rea su rer.

W i l l a r d H o w e , P r e s id e n t .

S . G . D a v e n p o r t , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:
G eorge E . Cutler,

D . S . B r id g e s ,

H . L . Sa w y e r ,

C. D . L e w is ,

J. L. W

h it n e y .

Open for business every business day, except Saturdays, 8
Saturdays, 8 a . m . to 12 m .

a .m

. to 12 m ., 2 to 4 f . m . ;

B a l a n c e S h eet O ctober 31, 1895.

A ssets .

Bank stock as per schedule,
Loans on bank stock, .
Loans 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 ) , .......................................
Loans on depositors’ books,
Deposits in banks, not on interest,
F u r n it u r e ,.......................................
In s u r a n c e ,.......................................
Cash on hand,
.
.
.
.

L ia b il it ie s .

$31,218 00
300 00
100 00

4,200 00
362,977 80
150,135 90
31,000
550
9,912
1,040
183
736

Deposits, .
Guaranty fund,
Interest account,
Cemetery funds,

$562,348
11,225
18,263
516

57
00
78
54

00
00
16
00

95
08

$592,353 89

$592,353 89

Cash on Deposit in Bank : —
Framingham National Bank, South F r a m i n g h a m , ........................................ $9,912 16
Loan on Bank Stock : —
On 5 shares Boylston National Bank, B o s t o n , .................................................

$300 00

Loan on Railroad Bonds : —
On $100 Maine Central R .R . 6 s , ...............................................................................


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

$100 00

194

REPORT OF THE

[Pub. Doc

Farmers’ and Mechanics’ Savings Bank — Concluded.

No. of
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freeman’s Nat'l Bank, Boston,
Market N’l Bank, Boston,
National Revere Bank, Boston,
6
Shawmut Nat’l Bank, Boston,.
9 Second National Bank, Boston,
5 First National Bank, Chelsea,.
Holliston N’l Bank, Holliston,.
9 Northborough National Bank,
Northborough,
100 Framingham National Bank,
South Framingham,
10 First N’l Bank, West Newton,
21

16
10
40
10

$2,100
1,600
1,000
4,000
1,000
600
900
600
1,733

00
00
00
00
00
00
00
00
33

Estimated
Market Value.

$2,168
2,128
900
3,200
928
660
1,611
650
1,733

00
00
00
00
75
00
00
00
33

Amount
Invested.

$2,525
2,084
950
3,908
1,252
724
1,358
650
2,232

25
00
00
25
50
50
25
00
25

900 00

1,035 00

1,134 00

10,000 00
1,000 00

11,500 00
1,000 00

13,399 0C
1,000 0C

$25,333 33

$27,514 08

$31,218 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$2,500 00
31,000 00

2£ per cent.
4
“

Rate.

Amount.

$20,000 00
358,630 00

4£ per cent.
5

Amount.

$4,700 00
128,233 70

Rate.

5h 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 , ........................................................................................

$4,200 00
5,000 00

Number of loans which are of an amount not exceeding $3,000 each, 245
Aggregate amount of the s a m e , ...............................................................................

244,313 70

Total number of loans upon real estate........................................................... 207
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, 1895......................................................................................
Times for the dividends fixed by the b y-la w s:
October.

16,000 00
25,055 19

first Tuesday in April and

Rate and amount of each semi-annual dividend ( 2 per cent., $9,919 93 )
during the year ending Oct. 31, 1895,
.
. i 2 per cent., 10,368 14 1
Number of accounts opened duriug the year ending Oct. 31, 1895,
. 273
Number of accounts closed during the year ending Oct. 31, 1895,
. 189
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,037
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................

20,288 07

1,782 51

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895,............................................................................................................

135,400 43

Number of s a m e , ...................................................................................................1,919
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................

111,799 43

Number of s a m e , ................................................................................................... 1,414
Date of examination by commissioners: January 28.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

195

F IT C H B U R G S A V IN G S B A N K — F IT C H B U R G .
Incorporated Feb. 12, 1846.

Present number of corporators, 45.

C h a r l e s E . W a r e , P r e s id e n t .
B r ig h a m N . B u l l o c k , T r e a su r e r .
E b e n e z e r B a i l e y , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
R odney W a lla c e ,
Ch arles E . W

R

are,

Ca r m i

euben

R

Conn,

H en ry G . M o rse,
M. Parker.

Open for business every business day, except Saturdays, 9
9 a . m . to 2 P.M .

a .m .

to 3

p .m .

; Saturdays,

B a l a n c e S h e e t O cto ber 31, 1895.

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 (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, .
Cash on hand,
.
.
.
.

L iab ilit ies .

$210,597
240,127
37,270
299.200

50
00
00
00

Deposits, .
Guaranty fund,
Interest account,

$3,133,601 55
127,500 00
75,488 37

1 ,0 0 0 00

130,000
16,200
1,288,800
972.200

00
00
00

00

18,000 00
121,512 61
1,682 81
$3,336,589 92

$3,336,589 92

Cash on Deposit in Banks, amount in each : —
Fitchburg National Bank, F itch b u rg ,...........................................................
Safety Fund National Bank, F i t c h b u r g , .................................................
Westminster National Bank, G a r d n e r , .................................................

$96,512 61
2 0 ,0 0 0 0 0

5,000 00

On 150 shares Manufacturers’ Trust Company, Holyoke, .
On 50 shares National Bank of the Commonwealth, Boston,

.

On 50 shares Springfield Safe Deposit & Trust Company, Springfield,
On 11 shares National Exchange Bank, Boston,.......................................


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

JO
'o
o
o

112 shares Safety Fund National Bank, Fitchburg,
4 shares Fitchburg National Bank, Fitchburg,
.
.
.
.
5 shares Naumkeag National Bank, S a le m ,.......................................
5 shares First National Bank, Salem....................................•
.

=۩

Loans on Bank Stock, amount on each: —
On
On
On
On

00

270 00
1 ,0 0 0 00

25,000 00
1 ,0 0 0 00

REPORT OF THE

196

[Pub. Doc.

Fitchburg Savings Bank — Continued.
Loan on Railroad Bonds : —
On $1,000 Eastern R .R .,

.

.

$1,000 00

Detailed Statement o f Public Funds.
Estimated
Market Value.

City of Fitchburg-, Mass., 3ès,.
of Fitchburg, Mass., 4s, .
of Keene, N. H., 3^s,
of New Bedford, Mass., 4s,
of Norwich, Conn., 7s,
of Portland, Me., 6s,
Town of Leominster, Mass., 4s,
of Turner’s Falls, Mass., 4s, .
United States 4s,
. . .

$15,000
56,000
12,000
25,000
17,000
5,000
20,000
30,000
30,000

$15,000
58,370
11,760
26,000
21,080
6,250
20,200
30,790
33,450

00
00
00
00
00
00
00
00
00

$15,000
56,000
12,000
25,000
17,935
4,662
20,000
30,000
30,000

00
00
00
00
00
50
00
00
00

$210,000 $222,900 00 $210,597 50

Detailed Statement o f Bank Stocks.
<*-. 09
O a>

Estimated
Market Value.

60
100
133
100
150
166
200
66
100
150
116
153
123
170
100
100

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Boston National Bank, Boston,
Eliot National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
North National Bank, Boston,
Fitchburg N’l B’k, Fitchburg,
Rollstone N’l B’k, Fitchburg,
Safety Fund N’l B’k, Fitchburg,
Citizens’ N’l B’k, New Bedford,
National Bank of Commerce,
New Bedford,
5 Townsend N’l B’k, Townsend,
133 Crocker N’l B’k,Turner’s Falls,
100 Citv Nat’l Bank, Worcester, .
30 Quinsigamond National Bank,
Worcester, .
.
.
.


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

$6,000
10,000
13,300
10,000
15,000
16,600
20,000
6,600
10,000
15,000
11,600
15,300
12,300
17,000
10,000

$7,560
12,300
13,300
13,300
14,550
12,906
31,000
7,045
10,600
13,931
12,180
22,185
18,081
18,700
12,000

00
00
00
00
00
50
00
50
00
25
00
00
00
00
00

$7,500
12,500
13,300
13,000
15,000
16,600
20,000
6,600
11,600
15,000
11,600
16,677
13,530
18,020
10,000

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

10,000
500
13,300
10,000

8,500
575
16,226
14,500

00
00
00
00

12,400
500
13,300
10,000

00
00
00
00

3,000

4,200 00

3,000 00

$225,500 $263,640 25 $240,127 00

No. 8.]

197

SAYINGS BANK COMMISSIONERS.

Fitchburg Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. os, .
.
.
.
Maine Central R.R. 4s,
Old Colony R.R. 4 s,.
Vermont & Massachusetts R.R. 5s, .

$60,000
71.000
119,000
25.000
5,000
16.000

Estimated
Market Value.

$60,125
73,400
126,650
25,250
5,350
17,120

Amount Invested.

00
00
00
00
00
00

$60,000
72,300
120,500
25,000
5,000
16,400

00
00
00
00
00
00

$296,000 $307,895 00 $299,200 00

Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$96,512
20,000
5,000
138,000

61
00
00
00

Kate.

Amount.

Rate.

2.J per cent.
3
“
H
“
4
“

$150,000 00
530,300 00
11,500 00

4 j per cent.
4h
“
4|
“

Amount.

$1,213,520 00 5 per cent.
257,650 00 5i
“
16,300 00 6
“

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, 1895,
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 same.............................................................................................
Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 each ,. 390
Aggregate amount of the same.......................................................................................
Total number of loans upon real e s t a t e , ................................................. 445
Gross amount of interest or profits received or earned, as per books, during
year ending Oct 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-law s: January 1 and July 1.
Rate and amount of each semi-annual dividend j 2 per cent.,, $57,599 41 }
during the year ending Oct. 31, 1895,
.
.1 2 percent.,
58,916 66 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 996
Number of accounts closed during the year ending Oct. 31, 1895,
. 683
Total number o f open accounts Oct. 31, 1895,
.
.
.
.
7,044
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,..................................................................................................
Number of s a m e , ........................................................................................ 4,416
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , ........................................................................................ 3,642
Date o f examination by commissioner: September 10.


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

Rate.

$130,000 00
130.000 00
100.000 00

2,811 28
16,200 00
15.200 00
514 18
562,320 00

153,245 17

116,516 07

6,537 50
492,678 75

438,251 89

198

REPORT OF THE

[Pub. Doc

F LO R E N C E S A V IN G S B A N K — F LO R E N C E .
Incorporated Feb. 14, 1873.

Present number of corporators, 35.

S a m u e l P o r t e r , P r e s id e n t .
M . E . G o u ld , T rea su rer.
M . E . G o u l d , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
Sam u el P o rter,

H . F. Cu tle r,

L. F. P lvm pton,

W .

L. W il c o x ,

G e o r g e S. G r a v e s .

Open for business every business d a y, 10

a .m .

to 2

p .m .

B a l a n c e S h e e t O c tober 31, 1895.

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,
P r e m iu m s ,.......................................
Furniture and fixtures,
Cash on hand,
.
.
.
.

L iab ilit ie s .

$35,000 00
23,200 00
29,000 00
4,724
1,545
121,486
76,034
3,707
114
3,815
479
364

Deposits, .
Guaranty fund,
Interest account,

$291,537 97
7,691 64
242 59

92
00
55
22
19
50
50
49
83

$299,472 20

$299,472 20

Cash on Deposit in Banks, amount in each : —
First National Bank, N o r th a m p to n ,..................................................................... $3,000 00
Hampshire County National Bank, N o r t h a m p t o n ,........................................
707 19

Detailed Statement o f Public Funds.

Par Value.

City of Lynn, Mass., 4s, .
Town of Abington, Mass., 4s, .
of Braintree, Mass., 4s, .
of Orange, Mass., 4s,


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

$7,000
8,000
15,000
5,000
$35,000

Estimated
Market Value.

$7,280
8,100
15,825
5,087

00
00
00
50

$36,292 50

Amount Invested.

$7,000
8,000
15,000
5,000

00
00
00
00

$35,000 00

No. 8.]

199

SAYINGS BANK COMMISSIONERS

Florence Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

85
40
90
17

Tar Value.

Home Nat’l Bank, Hol3'oke, .
First NT Bank, Northampton,
Hampshire County National
Bank, Northampton, .
Agawam NT B’k, Springfield,

Estimated
Market Value.

Amount Invested.

$8,500
4,000

$10,200 00
4,800 00

$8,500 00
4,000 00

9,000
1,700

10,800 00
1,700 00

9,000 00
1,700 00

$23,200

$27,500 00

$23,200 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Old Colony R.R. 6s...........................
Vermont & Massachusetts R.R. 5 s,.

$5,000
10,000
12,000
1,000
1,000
$29,000

Estimated
Market Value.

$5,100
10,500
12,480
1,030
1,070

Amount Invested.

00
00
00
00
00

$30,180 00

$5,000
10,000
12,000
1,000
1,000

00
00
00
00
00

$29,000 00

Total Amount o f Loans , with Each Specified Rate o f Interest.

Amount.
$3,707 19

Kate.

Amount.

Kate.

4 per cent.

$196,995 77

5 per cent.

Amount.
$525 00

Rate.

6 per cent.

Amount invested in real estate for banking p u r p o se s,.................................$4,724
Estimated value of the s a m e , ......................................................................... 5,000
Assessed value of the s a m e , .............................................................................
3,000
N e t income received from same during year ending Oct. 31,1895,
.
.

92
00
00
120 00

Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,..........................................................................................................
1,545
Assessed value of the same..................................................................................
1,000
Net income received from same during year ending Oct. 31,1895,
.
.
247
Number of loans which are of an amount not exceeding $3,000 each,. 137
Aggregate amount of the s a m e , ...............................................................................
109,770
Total number of loans upon real e s t a t e , ................................................. 120
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
13,540
Times for the dividends fixed by the b y-la w s: second Tuesday in April
and October.


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

00
00
75
77

19

200

REPORT OF THE

[Pub. Doc.

Florence Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent.,
$5,452 16
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,
5,562 09
Number of accounts opened during the year ending Oct. 31, 1895,
. 189
Number of accounts closed during the year ending Oct 31, 1895,
. 159
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,319
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................

1,031 02

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,..................................................................................................

54,221 21

Number of s a m e , ........................................................................................ 1,579
Amount o f withdrawals, including dividends, during the year ending Oct.
55,597 23
Number of s a m e , .................................................
Date of examination by commissioner : M ay 23.


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

.

969

No. 8.]

201

SAVINGS BANK COMMISSIONERS

FO XB O R O U G H SA V IN G S B A N K — F O XB O R O U G H .
Incorporated April 18, 1855.

Present number o f corporators, 35.

W i l l i a m B. C r o c k e r , P r e s id e n t .
E d w a r d M . P h e l p s , T r e a su r e r .
E d w a r d M . P h e l p s , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
W il l ia m B. C r o c k e r ,
F. E . H artsh o rn ,
R ic h a r d S. C a r p e n t e r ,
A . H . M e s s in g e r ,
W i l l i a m T . C o ok .

Open for business every business day, 9

B a la n c e S h eet O ctober

a

.m .

to 5

p .m

.

31, 1895.

L ia b il it ie s .

A ssets.

$26,500
59,550
56,700
107,115
4,110
200
3,303
2,043

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,
Deposits in banks, on interest, .
Cash on hand.....................................

00
00
00
00
00
00
25
18

Deposits, .
Guaranty fund,
Undivided earnings,

$246,627 24
9,300 00
3,594 19

$259,521 43

$259,521 43

Cash on Deposit in Bank : —
$3,303 25

Winthrop National Bank, Boston,

Detailed Statement o f Public Funds.

Par Value.

City of East Saginaw, Mich., 5s,
of fall River, Mass., 6s, .
of Holyoke, Mass., 4s,
of Keene, N. H., 4s,.
of Keene, N. H , 5s,.
of Lynn, Mass., 5s, .
Town of Winthrop, Mass., 5s,.


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

$5,000
2,000
5.000
2.000
2,500
9.000
1.000
$26,500

Estimated
Market Value.

$5,300
2,060
5,225
2,040
2,600
9,990
1,100

00
00
00
00
00
00
00

$28,315 00

Amount Invested.

$5,000
2,000
5.000
2.000
2,500
9.000
1.000

00
00
00
00
00
00
00

$26,500 00

202

REPORT OF THE

[Pub. Doc.

Foxborough. Savings Bank— Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

Tar Value.

23
15
31
10
22
20
8
30
5
29
38
10
11
31
10
43
40
17
10
14
35
10
40
25
18
36
5

Blackstone N’l Bank, Boston,
Boston NAt’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.
Continental N’l Bank, Boston,
Everett National Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N'l B’k, Boston,
Market Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,
Mt. Vernon N’l Bank, Boston,
N'l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,.
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Old Boston Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
National Bank of YVrentham,
Wrentham, .
.
.
.
8 State Street Safe Deposit and
Trust Company, Boston,

$2,300
1,500
3,400
1,000
2,200
2,000
800
3,000
500
2,900
3,800
1,000
1,100
3,100
1,000
4,300
4,000
1,700
1,000
1,4' 0
3,500
1,000
4,000
2,500
1,800
3,600

Estimated
Market Value.

$2,305
1,500
4,505
970
2,376
1,705
1,068
2,820
503
2,320
3,543
' 1,100
1,232
3,286
811
3,558
4,250
1,530
1,040
1,529
3,167
1,052
3,640
2,225
2,313
3,708

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

Amount Invested.

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

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

350

400 00

350 00

800

816 00

800 00

$59,550

$59,276 00

$59,550 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R R. 5s, .
.
.
.
Boston & Lowell R.R. 4s,
Boston & Maine R R. 4s, .
Fitchburg R.R. 4s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4^s, .
Old Colony R.R. 6s,.
Salem & Lowell R.R. 6s,.


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

$2,000
11,000
3.000
5.000
5.000
7.000
4.000
700

Estimated
Market Value.

$2,280
11,280
3,135
5,025
5,500
7,560
4,080
735

00
00
00
00
00
00
00
00

Amount Invested.

$2,000
11,000
3.000
5.000
5.000
7.000
4.000
700

00
00
00
00
00
00
00
00

No. 8.]

203

SAYINGS BANK COMMISSIONERS

Foxborough. Savings Bank— Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

St. Johnsbury & Lake Champlain
R.R. 5s, ...........................................
Upper Coos R R 5s,
Vermont & Massachusetts R.R. 5 s ,.

Par Value.

Estimated
Market Value.

$9,000
5.000
5.000

$10,710 00
5,000 00
5,350 00

$9,000 00
5.000 00
5.000 00

$56,700

$60,655 00

$58,700 00

Amount Invested.

Total Amount o f L oam , with Each Specified Rate of Interest.

Amount.

$3,303 25
13,300 00

Rate.

2 per cent.
5
“

Amount.

$98,075 00

Rate.

6 per cent.

Amount.

$50 00

Rate.

7 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 120
$90,825 00
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 115
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ...............................................................................
12,990 42
Times for the dividends fixed by the by-laws : Wednesday after first Mon­
day in June and December.
Rate and amount of each semi-annual dividend f 2 per cent., $4,228 06 |
8,608 69
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
4,380 63
Number o f accounts opened during the year ending Oct. 31, 1895,
. 207
Number o f accounts closed during the year ending Oct. 31, 1895,
. 171
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,115
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number o f s a m e , ........................................................................................ 1,092
Amount o f withdrawals, including dividends, during the year ending
Oct. 31,1895......................................................................................................................
Number o f same..............................................................................................1,029
Date of examination by commissioner : January 7.


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

817 95
71,658 50

59,781 90

204

REPORT OF THE

FPub. Doc

F E A M IN G H A M S A V IN G S B A N K — SOUTH F R A M IN G H A M .
Incorporated March 11, 1846.

Present number of corporators, 46.

F r a n k l i n E . G r e g o r y , P r e s id e n t .
F ra n k F. M o r r il l , T r ea su rer .
F r a n k F . M o r r i l l , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:
F r a n k l in E . G r e g o r y ,
A d r ia n F o o t e ,
F r a n c is C. S t e a r n s ,

Sam uel B . Bir d ,
J. H e n r y R o b in s o n ,
E dw ard F. K endall.

Open for business every business day, except Saturdays, 9
9 a . m . t o 12 M .

a .m .

to 3

pm

. ; Saturdays,

B a l a n c e S h eet O ctober 31, 1895.

A ssets.

Public funds as per schedule,
P re m iu m s,........................................
Bank stock as per schedule,
Loans on bank sto c k ,.
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal securitv,
Loans to counties, cities or towns
(notes).............................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Unpaid interest, .
.
.
.
Sundry stocks, .
.
.
.
Office furniture, etc., .
Trustees C. C. Esty, .
Cash on hand,
.
.
.
.

L ia b il it ie s .

$279,050
81,736
148,300
900
90,000
45,673
521,96.5
59,883

00
72
00
00
00
91
36
81

20,000
250
3,904
32,844
13,911
5,769
426
6,935
2,033

00
00
87
49
69
00
10
94
40

Deposits, .
Guaranty fund,
Undivided earnings,.

$1,313,585 29

$1,2*6,989 63
18,*56 13
7,739 53

$1,313,585 29

Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, B o s to n ,........................................
Framingham National Bank, South Framingham,

$3,904 87
32,844 49

Loans on Bank Stock, amount on each : —
On 6 shares Waltham National Bank, Waltham,
On 3 shares Framingham National Bank, South Framingham,

$600 00*
300 00

* The bank has been notified that this loan, in excess of the legal limit, must be reduced.


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

No. 8.]

SAYINGS BANK COMMISSIONERS

2 05

Framingham Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 5s, .
of Cranston, R. I., 4s,
of Indianapolis, Inch, 4s, .
of Keene, N. H., 4s,
of Lewiston, Me., 5s,
of Lowell, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Norwalk, Conn., 4s, .
of Portsmouth, N. H., 4s,
of Stamford, Conn., 4s, .
of Waterbury, Conn., 4s,.
Town of Marlborough, Mass., 4s, .
of Spencer, Mass , 4s, .
of Leominster, Mass., 4s,
United States 4s,
. . .

$20,000
20,000
6,000
5,000
30,500
23,000
9,000
20,000
1,750
30,000
24,500
10,000
5,000
20,000
20,000
9,300
25,000

Estimated
Market Value.

$20,000 00
^ 26,910 00
5,200
31,500
23,000
9,585
20,000
1,750
30,000
25,800
10,500
5,200
20,000
20,000
9,500
30,000

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

Amount Invested,

$20,000
$ 20,000
1 6,000
5,000
30,500
23,000
9,000
20,000
1,750
30,000
24.500
10,000
5,000
20,000
20,000
9,300
25,000

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

$279,050 $288,945 00 $279,050 00

No. o f
Shares.

I

Detailed Statement o f Bank Stocks.

6 Atlas National Bank, Boston,.
12 Blackstone N’l Bank, Boston, .
33 Boston National Bank. Boston,
100 Central Nat’l Bank, Boston, .
100 Continental N’l Bank, Boston,
155 Eliot National Bank, Boston, .
165 First National Bank, Boston, .
136 Howard Nat'l Bank, Boston, .
85 Mt. Vernon N’l Bank, Boston,
119 N’l B’k of Commerce, Boston,
10 N’l B k of No. America, Boston,
90 N’l B’k Of the Republic, Boston.
180 N’l Hide & Leather B’k, Boston,
43 Nat’l Webster Bank, Boston, .
30 Second National Bank, Boston,
50 Shoe & Leather N’l B’k, Boston,
92 Merchants’ Nat’l Bank, Port­
land, Me., .
.
.
.
100
Framingham Nat’l Bank, So.
Framingham,
.


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Federal Reserve Bank of St. Louis

Par Value.

$600
1,2(0
3,300
10,000
10,000
15,500
16,500
13,600
8,500
11,900
1,000
9,000
18,000
4,300
3,000
5,000
6,900
10,000

Estimated
Market Value.

$732
1,200
3,795
14,400
13,000
20,150
41,250
15,232
11,900
15,827
1,235
14,850
23,040
4,472
5,700
4,750

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

11,040 00
14,200

00

Amount Invested,

$600
1.200
3,300
10,000
10,000
15,500
16,500
13,600
8,500
11,900
1,000
9,000
18,000
4,300
3,000
5,000

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

6,900 00
1 0 ,0 0 0 0 0

$148,300 $216,773 00 $148,300 00

[Pub. Doc.

REPORT OF THE

206

Framingham Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Maine Central R.R. 4£s, .
Newport & Richford R.R. 5s, .
Salem & Lowell R.R. 6s,.

Estimated
Market Value.

$9,500
9,300
25,218
7,350
16,000
21,000
5,000

$9,000
9.000
25.000
7.000
15.000
20.000
5.000
$90,000

Amount Invested.

$9,000
9.000
25,0u0
7.000
15.000
20.000
5.000

00
00
72
00
00
00
00

$93,368 72

00
00
00
00
00
00*
00

$90,000 00

* A legal investment when made.

Total Amount o f Loans , with Each Specified Rate o f Interest.

Amount.

$3,904 87
25,000 00

Rate.

2A per cent.
3 to 4 “

Amount.

$24,000 00
186,280 00

Rate.

4 per cent.
5
“

Rate.

Amount.

$9,500 00
358,219 17

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 , ........................................................................................
Met income received from same during year ending Oct. 31, 189.5,
Number of loans which are of an amount not exceeding $3,000 each, 288

$45,673 91
49,489 00
1,685 89

Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 278
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 5 , .....................................................................
Times for the dividends fixed by the by-la w s: first Saturday in May and
November.
Rate and amount of each semi-annual dividend j 2 per cent., $22,560 00 j
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
22,600 00
Number of accounts opened during the year ending Oct. 31, 1895,
. 489
Number o f accounts closed during the year ending Oct. 31, 1895,
. 341
Total number of open accounts Oct. 31, 1895,
.
.
.
.
3,716
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

252,552 26
12,811 37
62,753 11

45,160 00

clusive of ta x e s ),............................................................................................................
Amount of deposits, not including dividends, received during the year

5,216 11

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , .................................................................................................. 2,288
Amount of withdrawals, including dividends, during the year ending Oct.

181,843 27

31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , .................................................................................................. 2,156
Date of examination by commissioner: April 18.

188,557 53


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

207

F R A N K L IN S A V IN G S B A N K — BOSTON.
Incorporated March 15,1861.

Present number o f corporators, 93.

F r e d e r ic W . L in c o l n , P r e s id e n t.
E b e n ezer A l e x a n d e r , T rea su rer.
G e o r g e A . F i s h e r , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
A ugu stu s P a r k e r ,
D.
R . E m e r so n ,
A rth u r H obart,

M a r t in L . B r a d f o r d ,
J a m e s A . Ja c o b s,
Ja m e s E . W h i t n e y .

Open for business every business day, 9

a .m .

to 2

p .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,
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, .
Expense account,
Real estate income account,
Cash on hand,
.

; and Saturdays, 3 to 5

p .m .

31, 1895.

L ia b il it ie s .

.$1,223,000
350,873
44,700
818,000

00
62
00
00

225.000
92,677
4,318,967
2,013,625

00
06
81
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense, .

$9,278,068 44
292,000 00
93,787 94
31,338 60
412 35

110.000 00
483,437
5,207
1,965
8,153

96
54
31
03

$9,695,607 33

$9,695,607 33

Cash on Deposit in Banks, amount in each : —
Boylston National Bank, Boston,
Continental National Bank, Boston, .
Everett National Bank, Boston, .
.

.

.

Massachusetts Loan and Trust Company, Boston,
National Revere Bank, Boston, .
.
.
.
North National Bank, Boston,
.
.
Holyoke National Bank, Holyoke,
Pynchon National Bank, Springfield, .
Third National Bank, Springfield,


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

.

.

$156,118
58,316
40.000
50.000
25,099

05
22
00
00
52

63,904
15.000
50.000
25.000

17
00
00
00

[Pub. Doc

REPORT OF THE

208

Franklin Savings B an k — Continued.
Loans on Bank Stock, amount on each: —
On 425 shares Broadway National Bank, Boston,
•
On 19 shares Metropolitan National Bank, Boston,
<
•
On 5 shares Methuen National Bank, Methuen..........................................

$42,500 00

On 10 shares Fourth National Bank, B o s t o n , ........................................

900 00

1,100 00

200 00

Detailed Statement o f Public Funds.
Estimated

Par Value.

City of Altoona, Pa., 4s, .
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s,.
of Chicago, 111 , 4s, .
of Cleveland, Ohio, 4s, .
of Columbus, Ohio, 4s, .
of Detroit, Mich., 4s,
of Fall River, Mass., 6s, .
of Indianapolis, Ind , 4s, .
of Laconia, N H., 4s,
of Middleton, Conn., 4s, .
of Minneapolis, Minn., 4s,
of Newton, Mass , 4s,
of Northampton, Mass., 4s,
of Portland, Me., 6s,
of Providence, R. L, 5s, .
of Rutland, Vt., 4s, .
of Saginaw, Mich , 5s,
of Springfield, Mass., 7s,
of Waterbury, Conn., 4s,.
of Woonsocket, R. 1., 4s, .
Town of Spencer, Mass , 4s, .
District of Columbia 6s, .
of Columbia 7s, .
County of Aroostook, Me., 4£s,
United States 4s,

$50,000
200,500
3,000
2,000
1,000
50,000
20,000
40,000
50,000
4,000
50,000
50,000
10,000
50,000
43,000
100,000
30,000
6,000
27,000
30,000
10,000
25,000
100,000
80,000
96.000
8,000
38,000
50,000

Market Value.

$51,000
217,500
3,435
2,340
1,165
52,000
20,300
40,220
55,000
4,840
52,000
53,500
10,450
53,500
45,365
104,000
30,300
6,500
28,350
30,150
12,100
26,250
104,000
83,600
111,360
9,550
39,900
60,750

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

Amount Invested.

$50,000
200,000
3,000
2,000
1,000
50,000
20,000
40,000
50,000
4,000
50,000
50,000
10,000
50,000
43,000
100,000
30,000
6,000
27,000
30,000
10,000
25,000
100,000
80,000
96,000
8,000
38,000
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

$1,223,000 $1,309,425 00 $1,223,000 00
*

Legal Investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

41
200
133
57

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,
Boylston Nat'l Bank, Boston, .


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Federal Reserve Bank of St. Louis

$4,100
20,000
13,300
5,700

Estimated ,
Market Value.

$5,166
24,600
13,300
7,467

00
00
00
00

Amount Invested.

$4,100
20,000
13,300
5,700

00
00
00
00

No. 8.]

SAVINGS BANK COMMISSIONERS

209

Franklin Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

205
235
22
81
135
106
156
60
200
200
201
200
20
139
172
200
55
200
130
129
84
50
100

Par Value.

Columbian N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat'l Bank, Boston, .
First Ward N’l Bank, Boston,.
Fourth Nat’l Bank, Boston,
Freeman’s N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Revere Bank, Boston,. .
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Old Boston N’l Bank, Boston,
Second Nat’l Bank. Boston,
Shoe & Leather N’l B’k,Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Naumkeag N’l Bank, Salem, .
Third Nat’l Bank, Springfield,
Massachusetts Loan & Trust
Company, Boston,

$20,500
23,500
2,200
8,100
13,500
10,600
15,600
6,000
20,000
20,000
20,100
20,000
2,000
13,900
17,200
20,000
5,500
20,000
13,000
12,900
8,400
5,000
10,000
$351,100

Estimated
Market Value.

$20,500
25,380
2,926
6,480
17,550
12,720
14,040
6,660
21,400
16,200
25,125
18,600
2,700
14,456
18,060
21,800
9,845
18,200
14,560
13,545
10,800
10,000

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

11,600 00

Amount Invested.

$20,500
23,500
2,200
7,873
13,500
10,600
15,600
6,000
20,000
20,000
20,100
20,000
2,000
13,900
17,200
20,000
5,500
20,000
13,000
12,900
8,400
5,000

00
00
00
62
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

10,000 00

$383,680 00 $350,873 62

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R R, 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R 4£s,
Concord & Claremont R.R. 4Js,
Concord & Montreal R.R. 4s, .
Eastern RR. 6s,
. . .
Fitchburg R R. 4£s, .
.
.
.
Fitchburg R.R 5s..............................
Maine Central & European & North
American R.R. 4s,
. . .
N. Y. & N. FI. R R (terminal) 4s, .
Old Colony R.R. 6s,.
St. Johnsbury & Lake Champlain
RR 5s,...........................................


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$50,000
50,000
100,000
100,000
100,000
50,000
56,000
114,000

$52,500
52,250
115,500
107,000
104,000
60,000
60,200
119,600

100,000
50,000
3,000

103,000 00
50,000 00
3,090 00

95,000 00
50,000 00
3,000 00

50,000

59,500 00

50,000 00

00
00
00
00
00
00
00
00

$50,000
50,000
100,000
100,000
100,000
50,000
56,000
114,000

00
00
00
00
00
00
00
00

$823,000 $886,640 00 $818,000 00

[Pub. Doc

REPORT OF THE

210

Franklin Savings B ank— Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Kate.

Amount.

$303,437
180.000
100,000
245,000
25,000

96
00
00
00
00

2 per cent.
3
“
Q7
(<
3?
3.80

“

Kate.

Amount.

Kate.

3g- per cent.
4
“

$222,800 00
148,200 00
4,500 00

5J per cent.
6
7

Amount.

$125,000
1,128,000
270,000
1,159,500
3,059,292

00
00
00
00
81

H

4£
5

“
“
“

Amount invested in real estate for banking purposes...........................................
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

$225,000 00
225.000 00
165.000 00

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,
429

92,677 06
72,400 00

Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 778
Gross amount of interest or profits received or earned, as per books, during

770,562 46

420,631 55
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-laws : February 1 and August 1.
Rate and amount of each semi-annual dividends 1J percent., $127,262 43 ^ 301,161 72
during the year ending Oct. 31, 1895,
.
? 2 per cent., 173,899 29
Number of accounts opened during the year ending Oct. 31, 1895,
. 2,532
Number of accounts closed during the year ending Oct. 31, 1895,
. 1,873
Total number of open accounts Oct. 31, 1895,
.
.
.
.
18,716
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
29,311 07
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ........................................................................................ 15,186
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , ........................................................................................ 14,065
Date of examination by commissioner: M ay 31.


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

1,751,010 80

1,629,803 02

No. 8.]

211

SAYINGS BANK COMMISSIONERS

FRAN KLIN- S A V IN G S IN S T IT U T IO N — G R E E N F IE L D .
Incorporated April 2, 1834.
W il l ia m

Present number of corporators, 22.

H . A l l e n , P r e s id e n t .

C h a r l e s A l l e n , T rea su rer.

F r a n k l i n It. A l l e n , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
Joseph W . S t e v e n s,

H enry F. N ash ,

Joseph G r is w o l d ,

L u c iu s N i m s ,

W m . H . A llen.

Open for business every business day, 9

a .m .

to 3

p .m .

B a la n c e S h e e t O ctober 31, 1895.

A ssets .

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank sto c k ,.
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, .
Expense account,
Unpaid interest.................................
Cash on hand,
.
.
.
.

L iab ilit ie s .

$1,318,407
2,000
62,100
42,838
507,500
64
921,349
621,950

80
00
00
00
00
88
33
00

97,200
2,470
319,747
1,438
700
2,135

00
00
01
50
25
03

$3,899,900 80

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$3,632,077 88
220,000 00
32,332 37
15,490 55

$3,899,900 80

Cash on Deposit in Banks, amount in each: —
First National Bank, A d a m s , ...............................................................................$10,000 00
10,000
Athol National Bank, A t h o l , ..............................................................................
National Hide & Leather Bank, Boston..................................................................
19,138
First National Bank, Greenfield,..............................................................................
82,896
Franklin County National Bank, G r e e n f i e l d ,.................................................
25,000
Manufacturers’ Trust Company, H o ly o k e ,...........................................................
5,000
Holyoke National Bank, Holyoke.............................................................................
10,000
16,425
Home National Bank, H o ly o k e ,..............................................................................
Park National Bank, H o l y o k e ,..............................................................................
21,286


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

00
49
74
00
00
00
12
66

212

[Pub. Doc,

REPORT OF THE

Franklin Savings Institution — Continued.
First National Bank, N o r th a m p to n ,........................................................... .........

$10,000 00

Orange National Bank, O r a n g e ,................................................. .........
20,000
Agawam National Bank, Springfield,.....................................................................
20,000
Pynchon National Bank, Springfield.....................................................................................
Springfield National Bank, S p r i n g f i e l d ,...........................................................
25,000
20,000
Ware National Bank, W a r e , ..............................................................................

00
00
00
00
00

Loan on Public Funds : —
On $2,000 City of Holyoke 6 s , ...............................................................................$2,000 00
Loans on Bank Stock, amount on each : —
On
On
On
On

100 shares Broadway National Bank, Boston,
50 shares Franklin County National Bank, Greenfield,
20 shares Franklin County National Bank, Greenfield,
5 shares First National Bank, Greenfield,
.
.
.
.

tu ,u w

4.000 00
1,600 00
500 00

1,200 00

On 12 shares First National Bank, Greenfield, .
.
.
.
On 23 shares First National Bank, Greenfield, .
.
.
.
On 55 shares Home National Bank, Holyoke, .
.
.
.
On 15 shares First National Bank, Northampton,
On 98 shares Hampshire County National Bank, Northampton,
On 15 shares First National Bank, Northampton,
On 30 shares Adams National Bank, North Adams, .
On 22 shares Shelburne Falls National Bank, Shelburne Falls,

2,300 00
5.000 OO
1,500 00

J

11,288 00
2,250 00
2,200 00

1.000 00

On 10 shares City National Bank, Worcester.....................................

Detailed Statement o f Public Funds.
Estimated

Par Value.

City of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Brockton, Mass., 5s, .
of Cambridge, Mass., 6s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, 5s,
of Detroit, Mich,, 4s,
of East Saginaw, Mich , 4s.
of East Saginaw. Mich., 5s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., Cs, .
of Grand Rapids, Mich., 5s,
of Hartford, Conn., 4s, .
of Holyoke, Mass., 6s,
of Lawrence, Mass., 6s, .
of Lynn, Mass , 6s, .
of Malden, Mass., 6s,
of Milwaukee, Wis., 5s, .
of Nashua, X. I I , 6s,
of Northampton, Mass , 4s,


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

$30,000
16,000
28,000
13,000
25,000
73,000
50,000
25,000
25,000
25,000
50,000
4,000
21,000
50,000
25,000
46,000
20,000
20,000
35,000
100,000
75,000
14,000

Market Value.

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

$34,800
18,800
31,712
15,360
26,125
79,365
55,800
27,500
25,116
26,375
51,250
4,140
22,995
56,375
26,500
49,910
24,000
20,350
35,744
113,202
84,000
14,070

* Legal investments when made.

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

Amount Invested.

$30,000
16,000
28,000
13,000
25,000
73,000
50,000
25,000
25,000
25,000
50,000
4,000
21,000
50,000
25,000
46,000
20,000
20,000
35,000
100,000
75,000
14,000

00
OO
00
00
00*
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

N o. 8 .]

S A Y IN G S

BANK

213

C O M M IS S IO N E R S

Franklin Savings Institution — Continued.
Detailed Statement o f Public Funds — Concluded.

Par Value.

City of Peoria, 111., 4às, .
of Peoria, 111., ,5s,
of Providence, K . I . , 5s, .
of Providence, R . I . , 6s, .
of Springfield, Mass , 6s,
of Springfield, Mass., 7s,
of Spiingfield, Ohio, 5s, .
of Springfield, Ohio, 6s, .
of Taunton, Mass., 6s,
of Worcester, Mass., 5s, .
Town of Athol, Mass., 4s,
of Athol, Mass., 4^s,
of Brattleboro’, Vt., 4s,
of Brookline, Mass., 7s,
of Chatham, Mass., 4*s,
of Chesterfield, N. 11., 4s.
of Greenfield, Mass , 4s,
of Greenfield, Mass.(Fire
District), 4|s, ,
of Marblehead, Mass., 4s,
United States 5s,

$25,000
20,000
25,000
100,000
4,000
30,000
50,000
10,332
1,000
18,000
3,500
7,000
19,000
42,000
5,000
2,000
76,200

00
00
00
00
00
00
00
80
00
00
00
00
00
00
00
00
00

21,875 00
38,500 00
50,000 00

Estimated
Market Value.

$26,438
21,000
28,750
111,500
4,780
34,550
54,113
10,846
1,016
20,385
3,543
7,210
19,140
44,940
5,380
2,000
77,328

00
00
00

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

22,750 0 0
40,133 00
57,875 00

Amount Invested.

$25,000
20,000
25,000
100,000
4,000
30,000
50,000
10,332
1,000
18,000
3,500
7,000
19,000
42,000
5,000
2,000
76,200

00
00
00
00
00
00
00
80
00
00
00
00
00
00
00
00
00

21,875 00
38,500 00
50,000 00

$1,318,407 80 $1,437,166 00 $1,318,407 80

No.
Shares.

of I
1

Detailed Statement o f Bank Stocks.

5
153
87
125
68
100
25
10
30
18

Par Value.

Faneuil Hall N’l Bank, Boston,
N’l B'k of Commerce, Boston,
N’l B’k of No. America, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
First Nat’l Bank, Greenfield, .
Franklin Co. N’l B’k.Greenfield,
Adams N’l B’k, North Adams,
First N’l B'k, Northampton, .
Pittsfield N’i Bank, Pittsfield,.


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

$500
15,300
8,700
12,500
6,800
10,000
2,500
1,000
3,000
1,800
$62,100

Estimated
Market Value.

$667
17,136
9,222
11,250
7,072
18,500
2,500
1,200
3,600
2,700

00
00
00
00
00
00
00
00
00
00

$73,847 00

Amount Invested.

$500
15,300
8,700
12,500
6,800
10,000
2,500
1,000
3,000
1,800

00
00
00
00
00
00
00
00
00
00

$62,100 00

[Pub. Doc.

KEPORT OF THE

214

Franklin Savings Institution

— Conclud ed .

Detailed Statement o f Railroad Bonds.

Boston & Lowell R.R, 6s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Conn. & Passunipsic Rivers R.R. 4s,
Danbury & Norwalk R.R. 5s, .
Eastern R.R. 6s,
.
Fitchburg R.R. 4s, .
N. Y. & N. E. R.R. (terminal) 4s, .
Sullivan County R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Vermont Valley R.R. 5s, .

$25,000
50,000
50,000
25,000
25,000
57,500
100,000
50,000
25,000
50,000
50,000
$507,500

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

$25,000
50.000
50,000
25,000
25,000
57,500
100,000
50,000
25,000
50,000
50,000

00
00
00
00
00
00
00
00
00
00
00

$547,851 00

Ot 1
O !
|
'cn !
o
o

Par Value.

00

$25,438
52,500
58.000
26,250
30,000
69,288
100,000
50,000
26,000
53,375
57,000

Total Amount o f Loans, with Each Specified Rate o f Literest.

Rate.

Amount.

Rate.

Amount,

Rate.

2 per cent.
2è
“
H
“

$621,986 66
114,000 00
62,500 00

4 per cent.
4i
“
4à
“

$1,089,057 33
1,550 00

5 per cent.
6
“

Amount.

$19,138 49
82,896 74
16,425 12

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 e a c h ,. 534
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real estate,
.
.
.
.
.
. 528
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. 31,1895.............................................................................................
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 1 2 per cent., $68,954 26 )
during the year ending Oct. 31, 1895,
.
. i 2 per cent., 70,014 40 )
Number of accounts opened during the year ending Oct. 31, 1895,
. 724
Number of accounts closed during the year ending Oct. 31, 1895,
. 573
Total number of open accounts Oct. 31, 1895,
.
.
.
.
7,602
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Numher of s a m e , ........................................................................................ 3,491
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number o f s a m e , ........................................................................................ 4,171
Date of examination by commissioner: September 26 and 27.


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

$64 88

200 00
541,211 93
64 88
174,495 67

138,968 66

7,711 21
371,353 67

388,194 18

No. 8.]

215

SAYINGS BANK COMMISSIONERS.

G A R D N E R SA V IN G S B A N K — G A R D N ER .
Incorporated May 26, 1868.
C

harles

Present number of corporators, 61.

W . C o n a n t , P r e s id e n t.
V

olney

Jo h n

W . H

ow e

D. E

dgell,

T rea su rer.

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
C h arles
E

u c l id

W . Co n an t,

L. B

S. W . A . S t e v e n s ,

rook s,

E

Sam u el

zr a

O sgood,

S. G l e a s o n .

Open for business every business day, except Saturday, 9
c lo s e a t 12

m

a .m

.

to 3

p .m

.;

Saturday,

.

B a lan c e S h e e t O ctober 31, 1895.

L ia b ilit ies .

A ssets .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank sto c k ,.
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,
Expense account,
Cash on band,
.
.
.
.

$92,100
110,900
6,050
160,000
1,489
641,117
347,591

00
00
00
00
35
35
11

79,800
82,851
14,000
784
1,410

00
84
00
87
70

$1,538,095 22

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,405 015 68
81,593 76
10,634 07
40,851 71

$1,538,095 22

Cash on Deposit in Banks, amount in each: —
First National Bank, Boston,
.
First National Bank, Gardner,
.
Westminster National Bank, Gardner,

$45,851 84
41.000 00

10.000 00

Loans on Bank Stock, amount on each : —
On 40 shares First National Bank, Gardner,
On 8 shares First National Bank, Gardner,
On 5 shares First National Bank, Gardner,


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

$1,500 00
800 00
450 00

216

REPOET OF THE

[Pub. Doc.

Gardner Savings Bank — Continued.
On 5 shares Westminster National Bank, Gardner, .
.
On 5 shares Westminster National Bank, Gardner, .
.
.
.
On 2 shai’es First National Bank, G a r d n e r , .......................................
On 38 shares First National Bank, G a r d n e r , .......................................

5g500
400
200
2,200

00f
00
00
00

Detailed Statement o f Public Funds.

Par Value.

City of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 6s, .
of New Britain, Conn., 4s,
of Scranton, Fa , 4is,
Town of Gardner, Mass., 4s. .
County of Aroostook, Me., 4£s,
United States 4s,
.

I

.

Estimated
Market Value.

$ 10,000
2,000
11,000
16,000
42,000
10,000
1,100

$10,200
2,030
11,110
17,840
43,860
10,500
1,226

00
00
00
00
00
00
50

f 92,100

$96,766 50

Amount Invested.

$10,000
2,000
11,000
16,000
42,000
10,000
1,100

00
00
00
00
00
00*
00

$92,100 00

* A legal investment when made.

'

Detailed Statement o f Bank Stocks.

V
o« o
m

Estimated
Market Value.

^ X

20
18
8

84
125
10
15
50
5
25
15
20
10
100
50
11
16
50
5
25
50
80
29

First N’l Bank, Ashburnham, .
Miller’s River N’l B’k, Athol,.
First National Bank. Barre, .
Blackstone N’l Bank, Boston,
Boston National Bank, Boston,
Central Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Mechanics’ Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k. Boston,
National Bank of the Commonwealth, 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,
New England N’l B’k, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Rollstone Nat’l B’k, Fitchburg,

$2,000
1,800
300
3,400
12,500
1,000
1,500
5,000
500
2,500
1,500
2,000
1,000

$2,000
3,240
315
3,391
12,500
1,300
1.620
6,650
400
2,425
1,755
3,200
930

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

$2,000
1,800
300
3,400
12,500
1,000
1,500
5,000
500
2,500
1,500
2,000
1,000

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

10,000
5,000
1,100
1,600
5,000
500
2,500
5,000
3,000
2,900

13,900
7,600
910
2,000
5,300
795
2,275
5,600
3,930
4,277

00
00
25
00
00
00
00
00
00
50

10,000
5,000
1,100
1,600
5,000
500
2,500
5,000
3,000
2,900

00
00
00
00
00
00
00
00
00
00

t Bank notified that this loan, in excess of the legal limit, must he reduced.


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

No. 8.]

217

SAYINGS BANK COMMISSIONERS

Gardner Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Cone] uded.

108
9
100
67
39
20
50

Par Value.

$10,800
900
10,000
6,700
3,900
2,000
5,000

First Nat’l Bank, Gardner,
Leominster N’l B’k, Leominster,
Orange Nat’l Bank, Orange, .
Crocker N’l B’k, Turner’s Falls,
First Nat’l Bank, Winchendon,
Citizens’ N’l Bank, Woreestei’,
Mechanics’ N’l B’k, Worcester,

Estimated
Market Value.

$12,960
915
15,000
8,174
5.850
2,600
4,500

00
00
00
00
00
00
00

Amount Invested.

$10,800
900
10,000
6,700
3,900
2,000
5,000

00
00
00
00
00
00
00

$110,900 $136,343 25 $110,900 00

Detailed Statement o f Railroad Bonds.

Par Value.

$5,000
10,000
25,000
5,000
18,000
25,000
5,000
5,000
25,000
1,000
10,000
5,000
5,000
15,000
1,000

Boston & Lowell R.R. 4s,
Boston & Maine R R. 4s, .
Boston & Maine R.R. 4is,
Boston, Revere Beach & Lynn R.R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R 4^s, .
Fitchburg R.R. 6s, .
Maine Central R.R. 7s,
Maine Shore Line R.R. 6s,
New Haven & Northampton'R.R. 7s,
Old Colony R.R. 4s. .
Old Colony R.R. 4£s,
Old Colony R.R. 6s,.
Upper Coos R R. 4s,
. . .
Vermont & Massachusetts RR. 5s,

Estimated
Market Value.

$5,075
10,400
28,875
5,150
18,090
25,250
5,150
6,800
32,500
1,120
10,700
5,225
5,075
15,000
1,070

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

Amount Invested.

$5,000
10,000
25,000
5,000
18,000
25,000
5,000
5,000
25,000
1,000
10,000
5,000
5,000
15,000
1,000

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

$160,000 $175,480 00 $160,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Kate.

Amount.

$45,851 84
27.000 00
5,000 UO

2
3

per cent.
“

3*


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

“

Kate.

Amount.

$84,800 00
62,000 00
883,409 96

4
4h

5

per cent.
“
“

Amount.

$1,800 00
47,548 50

Rate.

5£ per cent.
6

218

REPORT OF THE

[Pub. Doc.

Gardner Savings Bank — C oncluded.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the same.............................................................................................
Number of loans which are of an amount not exceeding $3,000 each,
760
Aggregate amount o f the s a m e , ..............................................................................
Total number of loans upon real estate,
.
.
.
.
.
.
732
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 5 , ..............................................................................

$1,489 35

1,000 00
579,983 11
1,489 35
70,685 69

Times for the dividends fixed by the b y-la w s: Tuesday before first W ednes­
day in January and July.
Rate and amount of each semi-annual dividend f 2 per cent., $25,388 04 1
during the year ending Oct. 31, 1895,
.
. i 2 per cent.,
26,093 75 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 554
Number of accounts closed during the year ending Oct. 31, 1895,
. 422
Total number of open accounts Oct. 31, 1895,
.
.
.
.
4,246
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , .................................................................................................. 2,784
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of same........................................................................................................2,313
Date of examination by commissioner: May 23.


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

51,481 79

4,477 76
230,142 82

194,022 19

No. 8.]

219

SAYINGS BANK COMMISSIONERS

G E O R G E T O W N SA V IN G S B A N K — G E O R G E T O W N .

Incorporated M ay 26, 1868.

S herm an N elson , P r e s id e n t .
G eorge S. W eston ,

Present number of corporators, 60.

E dw ard S. F ick et t ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:

H ir a m N . H a r r im a n ,
S herman N elson ,
Ol iv e r S. B utler .

Open for business every business day, except Saturday, 9 a .m . to 12
Saturday, 9 a .m . to 12 m .

m.

; 2 to 3 f . m . ;

B a la n c e S h eet O ctober 31, 1895.

L ia b il it ie s .

A sset s.

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 interest,
Cash on hand,
.
.
.
.

$73,493
14,800
4.070
28,683
12,472
433,626
91,987

75
00
00
75
22
02
43

9,400
620
28,821
2,000
641

00
00
54
00
15

$676,038 59
22.000 00
2,577 27

Deposits, .
Guaranty fund,
Interest account,

$700,615 86

$700,615 86

Cash on Deposit in Banks, amount in each : —
Georgetown National Bank, Georgetown,
Essex National Bank, Haverhill,
Second National Bank, Haverhill,

.

........................................

$20,821 54*
5.000 00
5.000 00

Loans on Bank Stock, amount on each: —
On 2 shares Georgetown National Bank, Georgetown,
.
.
.
.
On 50 shares Haverhill Safe Deposit and Trust Company, Haverhill,


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

* Since reduced within the legal limit.

.

$70 00
4,000 00

220

REPOET OF THE

[Pub. Doc,

Georgetown Savings Bank — Continued.
Detailed Statement o f Public Funds.

Far Value.

City of Altoona, Pa., 4s, .
of Hath, Me., 6s,
of Belfast, Me , 6s, .
of Bay City, Mich., 8s,
of Chicopee, Mass., 4s, .
of Cleveland, Ohio, 4s, .
of Fort Wayne, Ind., 6s, .
of Kansas City, Mo., 4^s,
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4£s,
of Quincy, Mass., 4s,
Town of Methuen, Mass., 4s, .

$6,000
2,000
4,000
500
1,000
1,000
1,000
11,175
1,000
11,000
17,462
5,693
1,000
10,662

00
00
00
00
00
00
00
00
00
00
50
75
00
50

Amount
Invested.

$6,300
2,240
4,200
620
1,060
1,050
1,150
11,250
1,050
11,500
17,800
5,800
1,050
10,800

$73,493 75
*

Estimated
Market Value.

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

$6,000
2,000
4,000
500
1,000
1,000
1,000
11,175
1,000
11,000
17,462
5,693
1,000
10,662

00
00*
00*
00
00
00
00
00
00
00
50
75
00
50

$75,870 00 $73,493 75

Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

13
80
10
30
45
20

Estimated

Far Value.

Columbian N’l Bank, Boston,.
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston,
State National Bank. Boston, .
Georgetown N’l Bank, Georget o w n ,..................................
Ipswich Nat’l Bank, Ipswich, .

Market Value.

$1,300
3,000
1,000
3,000

$1,100
3,000
1,000
3,600

00
00
00
00

Amount Invested.

$1,300
3,000
1,000
3,000

00
00
00
00

4,500
2,000

4,950 00
2,000 00

4,500 00
2,000 00

$14,800

$15,950 00

$14,800 00

Detailed Statement o f Railroad Bonds.

Par Value.

Concord & Montreal R.R, 4s, .
Fitchburg R R. 4s, .
Maine Central R.R. 7s, .
N. Y & N. E. R.R. (terminal) 4s, .
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4£s,


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Federal Reserve Bank of St. Louis

$4,000
9.000
4.000
5.000
3.000
3.000

00
00
00
00
00
00

Estimated

Amount

Market Value.

Invested.

$4,200
9,360
5,800
5,400
3,200
3,350

00
00
00
00
00
00

$28,000 00 $31,310 00

$4,000
9,0C0
4,683
5.000
3.000
3.000

00
00
75
00
00
00

$28,683 75

No. 8.]

221

SAYINGS BANK COMMISSIONERS.

Georgetown Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$23,821 54
13,400 00

Rate.

3 per cent.
4£
“

Rate.

Amount.

$32,816 00
495,487 45

5 per cent.
6

Amount.

$3,000 00

Rate.

7 per cent.

“

$12,472 22
18,750 00
Assessed value of the s a m e , ........................................................................................
360 50
Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 each, 365
334,376 02
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 384
Gross amount of interest or profits received or earned, as per books, during
32,946 14
year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-law s: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend! 2% per cent., $14,310 30 1
27,408 15
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 13,097 85 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 147
Number of accounts closed during the year ending Oct. 31, 1895,.
. 63
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,577
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
.....................................................................•
.
.
2,517 93
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
74,957 65
Number of same....................................................................................................... 296
Amount of withdrawals, including dividends, during the year ending Oct.
77,469 99
31, 1895...............................................................................................................................
Number o f s a m e , ........................................................... .........
364
Date of examination by commissioner: April 2.
Value, by books, of real estate held or owned by foreclosure or otherwise,


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

222

GRAFTON" S A V IN G S B A N K — G R A F TO N .

Incorporated March 13, 1869.
H o e a c e S. W

arren,

Present number of corporators, 50.

J o se p h A . D o d g e , T r e a s u r e r .
J o se p h A . D o d g e , C le r k o f th e C o r p o r a tio n .
V i c e -P r e s i d e n t .

Names o f committee charged with the investment of its funds:
D a n ie l N . G i b e s ,
H o r a c e S. W a r r e n ,

G e o r g e W . F is h e r ,
Clarence R . P ratt.

Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 12 m .

a .m .

to 12

m.

; 1.30 to 4

p .m . ;

B a la n c e S h e e t O c tober 31, 1895.

L ia b ilit ie s .

A ssets .

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
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,
Expense account,
-

$2,051
34,960
3,400
96,968
61,076

38
49
00
24
00

22,500
28,000
4,567
1,894

00
00
32
30

$255,417 73

Deposits, .
Guaranty fund,
Interest account,
Suspense account,

.

$232,618
10,000
11,774
1,024

93
00
09
71

$255,417 73

Cash on Deposit in Banks, amount in each : —
Grafton National Bank, G r a f t o n , .....................................................................$19,567 32
Millbury National Bank, M i l l b u r y , .....................................................................
3,000 00
First National Bank, W orcester,..............................................................................
10,000 00
Loan on Bank Stock : —
On 38 shares Grafton National Bank, G r a ft o n ,................................................. $3,400 00


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Federal Reserve Bank of St. Louis

No. 8.]

223

SAYINGS BANK COMMISSIONERS.

Grafton Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

Town of Grafton 4s,

.

.

.

$2,000

Estimated
Market Value.

Amount Invested.

$2,051 38

$2,051 38

[ No. o f
1Shares.
I

Detailed Statement o f Bank Stocks.

Par Value.

10 Eliot National Bank, Boston, .
5 Fourth National Bank, Boston,
15 Howard Nat’l Bank, Boston, .
5 Manufacturers’ NT B’k, Boston,
38 Market Nat’l Bank, Boston, .
5 Massachusetts NT B’k, Boston,
28 NT B’k of No. America, Boston,
30 NT B’k of Redemption, Boston,
3 National City Bank, Boston, .
30 National Revere Bank, Boston,
8 Nat’l Webster Bank, Boston, .
10 North Nat’l Bank, Boston,
10 Shawmut Nat’l Bank, Boston,
20 State National Bank, Boston, ,
76 Grafton Nat’l Bank, Grafton, .
10 Spencer Nat’l Bank, Spencer,.

$1,000
500
1,500
500
3,800
500
2,800
3,000
300
3,000
800
1,000
1,000
2,000
7,600
1,000
$30,300

Estimated
Market Value.

$1,300
601
1,387
500
3,049
426
2,856
3,630
243
2,700
836
1,071
1,085
2,210
7,600
1,150

Amount Invested.

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

$30,646 12

$1,230
500
1,744
550
4,276
677
3,200
4,187
363
3,814
976
1,206
1,222
2,040
7,972
1,000

00
00
50
00
00
12
25
75
25
00
12
25
75
00
50
00

$34,960 49

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.

$8,000 00
10,000 00
10,000 00

Rate.

2 per cent.
2à
“
3
«

Amount.

$10,000 00
10,000 00
7,500 00

Rate.

per cent.
3|
4

“

Amount.

$38,000 00
65,176 00
53,268 24

Rate.

4^ per cent.
5
“
6
“

Number of loans which are of an amount not exceeding $3,000 each,
75
Aggregate amount of the s a m e , .............................................................................. $75,168 24
Total number of loans upon real e s t a t e , ................................................. 77
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 ,.................................................................................
9,731 59
Times for the dividends fixed by the by-laws : January 1 and July 1.


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Federal Reserve Bank of St. Louis

224

REPORT OF THE

Grafton Savings Bank — C

[Pub. Doc.

o n c lu d e d .

Kate and amount of each semi-annual dividend f 2 per cent., $4,897 90 1
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,4,470 40 i
’
Number of accounts openedduring the year ending Oct. 31, 1895,
.
70
Number of accounts closed during the year ending Oct. 31, 1895,
. 102
Total number of open accounts Oct. 31, 1 8 9 5 , ........................................ 676
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of ta x e s ),............................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,...........................................................................................................
Number of s a m e , .............................................................................................. 225
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , .............................................................................................. 404
Date of examination by commissioner: September 30.


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

ggg gg

1,130 22
21,066 56

44,835 68

No. 8.]

225

SAVINGS BANK COMMISSIONERS.

G R A N IT E S A V IN G S B A N K — ROCKPORT.
Incorporated March 21, 1881.
E b e n G. A b b o t t , P r e s id e n t .
John L. W

Present number of corporators, 54.
N a t h a n ie l R

ic h a r d s o n ,

Jr., T r e a s u r e r .

o o d f a l l , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
E b e n G. A b b o t t ,
H ir a m J. P h il b r o o k ,
G rafton B u tm an,
G eorge A . L ow e,
G eorge G r if f in .

Open for business every business day, 9 a . m . to 12 m . ; Wednesday and Saturday, 2 to
3 p . m . ; Saturday evening, 6 to 8.

B a l a n c e S heet O ctober 31, 1895.

L iab ilities .

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,
Deposits in banks, on interest, .
Deposits in ban ks, not on interest,
Safes and furniture, .
Cash on hand,
.
.
.
.

$23,118
6,640
12,199
82,215
15,950
4,141
723
400
74

Deposits, .
Guaranty fund,
Profit and loss
count, .

00
00
75
00
00
16
51
00
09

$142,838 91
2,375 00
ac­
247 60

$145,461 51

$145,461 51

Cash on Deposit in Banks, amount in each: —
Gloucester Safe Deposit and Trust Company, Gloucester, .
.
.
.
Rockport National Bank, R o c k p o r t ,.....................................................................

$4,141 16
723 51

Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of

Bridgeport, Conn., 4s,.
Kansas City, Mo., 4£s,
Milwaukee, Wis., 5s, .
Pawtucket, R. I., 4s, .


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

*

Estimated
Market Value.

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

A legal investment when made.

$1,050
1,100
1,130
2,040

00
00
00
00

Amount Invested.

$1,020
1,120
1,130
2,080

00
00
00
00*

226

REPORT OF THE

[Pub. Doc,

Granite Savings Bank — Continued.
Detailed Statement of Public Funds — Concluded.

Par Value.

City of Peoria, 111., 7s,
of Rockford, 111., 4£s,
of Scranton, Pa., 4s,
of Sioux City, Iowa, 4£s,.
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 6s, .
of Waltham, Mass., 4s, .
of Waterbury, Conn., 4s,.
Town of Clinton, Mass., 4s,
of Orange, Mass., 4s,
of Tilton, N. H., 6s,
County of Aroostook, Me., 4£s,
of Merrimack, N. H., 4s,

Estimated
Market Value.

$1,000
3,500
1,000
1,000
2,000
375
1,000
1,000
1,000
2,000
500
2,000
1,000
$22,375

$1,070
3,687
1,000
1,000
2,020
382
1,010
1,050
1,010
2,100
500
2,100
1,015

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

$23,265 00

Amount Invested.

$1,075
3,624
1,000
1,000
2,010
375
1,000
1,020
1,010
2,017
500
2,137
1,000

00
00
00
00
00
00
00
00
00
00
00
00*
00

$23,118 00

* A legal investment when made.

Xo. o f
Shares.

Detailed Statement o f Bank Stocks.

12
8
24
10

Par Value.

Cape Ann N’l B’k, Gloucester,
Gloucester N’l B’k, Gloucester,
Rockport N’l Bank, Rockport,
Gloucester Safe Deposit and
Trust Company, Gloucester,

Estimated
Market Value.

Amount Invested..

$1,200
800
2,400

$1,680 00
1,080 00
2,880 00

$1,680 00
1,080 00
2,880 00

1,000

1,100 00

1,000 00

$5,400

$6,740 00

$6,640 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
Maine Central R.R. 6s, .
Maine Central R R. 7s, .


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Federal Reserve Bank of St. Louis

.

.

$3,000
2,000
3.000
1,500
2.000
$11,500

Estimated
Market Value.

$3,465
2,007
3,100
1,635
2,435

00
50
00
00
00

$12,642 50

Amount Invested.

$3,215
2,000
3,000
1,587
2,397

00
00
00
25
50

$12,199 75

No. 8.]

227

SAVINGS BANK COMMISSIONERS.

Granite Savings Bank —

Concluded.

Total Amount o f Loans, with Each Specified Rate of Interest.

Amount.

$4,141 16
10,800 00

Rate.

3 per cent.
5

Amount.

$5,000 00

Rate.

5J per cent.

Amount.

$82,365 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, .

124
$86,865 00
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 117
Gross amount of interest or profits received or earned, as per books,
6,791 64
during year ending Oct. 31, 1 8 9 5 , .....................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend j 2 per cent.,
$2,438 22 7
5,010 83
during the year ending Oct. 31, 1895,
.
.1 2 per cent.,
2,572 61 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 155
Number of accounts closed during the year ending Oct. 31, 1895,
.
93
Total number of open accounts Oct. 31, 1 8 9 5 , ....................................... 834
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year

573 07

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ................................................................................................. 698
Amount o f withdrawals, including dividends, during the year ending Oct.

41,073 98

31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , ................................................................................................. 461
Date of examination by commissioner: September 17.

28,783 20


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

228

G R EAT B A R R IN G T O N S A V IN G S B A N K — G R EAT
B A R R IN G T O N .

Incorporated Feb. 3, 1869.
G e o r g e C h u r c h , P r e s id e n t .
John C . W

Present number o f corporators, 37.
C h a r l e s J. T a y l o r , T r e a s u r e r .

h e e l e r , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
A . C h a l k l e y C o l l in s ,
W m . W . N o r to n ,
A l f r e d S. F a s s e t t ,
W m . C. H in m a n ,
C h a s . J. T a y l o r .

Open for business every business day, 9

a .m .

to 12

m.

; 1 to 3

p .m .

B a l a n c e S h e e t O c tober 31, 1895.

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,
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 interest.
Cash on hand,
.
.
.
.

L iab ilities .

$30,000
1.000
49,431
3,049
55.000

00
O'O
92
48
00

13.000
106
347,886
54,325

00
20
50
98

1.000
25,387
11,691
1,154

00
26
21
75

Deposits, .
Guaranty fund,
Interest account,

$593,033 30

$554,323 81
19.650 00
19,059 49

$593,033 30

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston.....................................................................
$314 00
National Mahaiwe Bank, Great B a r r i n g t o n , ................................................. 11,691 21
Pynchon National Bank, Springfield,.....................................................................
10,000 00
Springfield Safe Deposit and Trust C o m p a n y ,.................................................


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Federal Reserve Bank of St. Louis

15,073 26

No. 8.]

229

SAYINGS BANK COMMISSIONERS

Great Barrington Savings Bank — Continued.
Loan on Public Funds : —
On $1,000 United States 4 per cent, coupon b o n d s , ....................................... $1,000 00

Loans on Bank Stock, amount on each: —
On
On
On
On
On

5 shares National Mahaiwe Bank, Great Barrington...................................
6 shares National Mahaiwe Bank, Great Barrington, .
.
.
.
20 shares National Mahaiwe Bank, Great Barrington, .
.
.
.
16 shares National Mahaiwe Bank, Great Barri ngt on, .
.
.
.
5 shares National Mahaiwe Bank, Great Barrington, .
.
.
.

$149 48
500 00
600 00
1,400 00
400 00

Detailed Statement o f Public Funds.

Par Value.

City of Bridgeport, Conn., 3^s,
of Chicago, 111., 4s, .

*

Estimated
Market Value.

Amount Invested.

$10,000
20,000

$9,900 00
20,800 00

$10,006 00
20,000 00*

$30,000

$30,700 00

$30,000 00

A legal investment when made.

Ho. o f
Shares.

Detailed Statement o f Bank Stocks.

10
10
10
19
25
42
59
14
54
66
13
41

First National Bank, Adams,.
Atlantic N’l Bank Boston,
Faneuil Hall N’l Bank, Boston,
Hamilton N’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National Union Bank, Boston,
New England N’l B’k, Boston,
Shoe & Leather N’1B’k, Boston,
Suffolk National Bank, Boston,
National Mahaiwe Bank, Great
Barrington, .
.
.
.
48 Lee National Bank, Lee,.
1 Pittsfield N’l Bank, Pittsfield,
3 Housatonic National Bank,
Stockbridge,


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Federal Reserve Bank of St. Louis

Par Value.

$1,000
1,000
1,000
1,900
2,500
4,200
5,900
1,400
5,400
6,600
1,300

Estimated
Market Value.

$1,300
1,220
1,310
2,090
3,937
4,452
7,139
1,876
8,532
5,940
1,326

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$1,280
1,345
1,300
2,227
3,392
4,200
7,080
1,890
7,290
6,600
1,300

00
00
00
75
50
00
00
00
00
00
00

4,100
4,800
100

5,330 00
6,480 00
130 00

5,125 00
5,816 67
135 00

300

480 00

450 00

$41,500

$51,542 00

$49,431 92

REPORT OF THE

230

Great Barrington Savings Bank

[Pub. Doc

— C oncluded.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Old Colony R.R. 4s,
.

.

.

Estimated
Market Value.

Amount Invested.

$30,000
20,000
5,000

$31,250 00
21,000 00
5,350 00

$30,000 00
20,000 00
5,000 00

$55,000

$57,600 00

$55,000 00

Total Amount of Loans, with Each Specified Rate of Interest.

Kate.

Amount.

2 per cent.
4
“

$318,877 73

Amount.

$314 00
25,073 26

Kate.

5 per cent

Amount.

$88,384 23

Rate.

6 per cent.

Amount invested in real estate for banking purp oses,........................................$13,000 00
Estimated value of the s a m e , ...............................................................................
13,000 00
' Assessed value of the s a m e , ........................................................................................
7,000 00
Net income received from same during year ending Oct. 31, 1895,
.
.
383 38
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,......................................................................................................................
106
Assessed value of the s a m e ,.........................................................................................
100
Number of loans which are of an amount not exceeding $3,000 each,. 281
Aggregate amount of the same...................................................................................... 241,311 96
Total number of loans upon real e s t a t e , ..................................................243
Amount of investments from which no income is recei ved, .
.
.
.
106
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ...............................................................................
26,218
Times for the dividends fixed by the b y-la w s: first Thursday in Janu­
ary and July.
Rate and amount of each semi-annual dividend f 2 per cent., $9,809 98 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 10,178 32 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 368
Number of accounts closed during the year ending Oct. 31, 1895,
. 298
.
.
.
.
2,255
Total number of open accounts Oct. 31, 1895,
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 95,.................................................................................................. ,.
Number of s a m e , ...................................................................................................1,708
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , .................................................................................................. 1,650
Date of examination by commissioner: September 18.


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

20
00

20
56

ggg gg

2,086 66
124,562 50

105,750 01

No. 8.]

231

SAYINGS BANK COMMISSIONERS.

G R E E N F IE L D S A V IN G S B A N K — G R E E N F IE L D .

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 , P r e s id e n t .
A l b e r t M . G l e a s o n , T r e a su r e r .
C h e s t e r C . C o n a n t , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds:
W il l ia m A . F o rbes,
A . M. Gleaso n,
C h as. R . Lo w ell,
L e v i J. G u n n ,
S. B. S l a t e .

Open for business every business day, 9

a .m .

to 3

p .m .

B a la n c e S h e e t O c tober 31, 1895.

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 by foreclosure,
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,
Interest due........................................
Furniture and fixtures,
Cash on hand,
.
.
.
.

$17,000
134,600
22,850
260,000
3,041
1,331,993
272,188

00
00
00
00
85
92
00

14,385
36,087
32
1,719
326
1,000
3,153

90
13
16
96
27
00
51

Deposits, .
Guaranty fund,
Interest account,

$2,098,378 70

$2,031,199 47
67,000 00
179 23

$2,098,378 70

Cash on Deposit in Banks, amount in each : —
Miller’s River National Bank, A t h o l,.....................................................................
National Bank of Commerce, B o sto n ,....................................................................
People’ s National Bank, Brattleborough, Y t . , .................................................
Conway National Bank, Conway...............................................................................
Franklin County National Bank, G r e e n f i e l d ,.................................................

32
557
243
9,350

16
79
92
91

Packard National Bank, G r e e n fie ld ,.....................................................................
First National Bank, Northampton...........................................................................
City National Bank, Springfield,...............................................................................
Third National Bank, S p r i n g f i e l d , .....................................................................

12,563
3,000
10,000
164

07
00
00
96


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

$206 48

232

REPORT OF THE

[Pub. Doc,

Greenfield Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
On 6 shares Franklin County National Bank, Greenfield, .
.
.
.
On 12 shares Conway National Bank, C o n w a y ,.................................................
On 40 shares W are National Bank, W a r e ,...........................................................
On 75 shares Park National Bank, H o l y o k e , .................................................
On 100 shares Home National Bank, H o ly o k e ,.................................................
On 19 shares Packard National Bank, G r e e n f i e l d ,........................................
On 15 shares Agawam National Bank, S p r i n g f ie ld ,.......................................
On 3 shares First National Bank, N o r t h a m p t o n , .......................................

$240
1,050
2,360
7,500
9,300
900
1,200
300

00
00
00
00
00
00
00
00

Detailed Statement o f Public Funds.

Par Value.

City of Milwaukee, Wis., 7s, .

$17,000

Estimated
Market Value.

$18,360 00

Amount Invested.

$17,000 00

No. of 1
Shares. |

Detailed Statement o f Bank Stocks.

37
42
15
18
38
50
52
6
13
48
10
20
3
12
41
34
50
14
138
60
60
12
15
55
67
75

Par Value.

Athol National Bank, Athol, .
Eliot National Bank, Bosion, .
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 Redemption, Boston,
National City Bank, Boston, .
JM’1Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Second National Bank, Boston,
South End Nat’l Bank, Boston,
Washington N’l Bank, Boston,
First National Bank, Chicopee,
Conway Nat’l Bank, Conway,
First Nat’l Bank, Greenfield, .
City National Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Adams N’l B’k, North Adams,
Berkshire County National
Bank, North Adams, .
First N’l Bank. Northampton,.
Hampshire County National
Bank, Northampton, .
Orange Nat’l Bank, Orange, .
Palmer Nat’l Bank, Palmer, .
Chapin N’l Bank, Springfield,


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Federal Reserve Bank of St. Louis

$3,700
4,200
1,500
1,800
3,800
5,000
5,200
600
1,300
4,800
1,000
2,000
300
1,200
4,100
3,400
5,000
1,400
13,800
6,000
6,000
1,200
1,500
5,500
6,700
7,500

Estimated
Market Value.

$3,885
5,460
1,410
1,440
6,080
4,700
6,292
486
1,382
4,320
1,800
1,500
324
1,800
4,305
6,800
6,250
2,380
23,460
7,500

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

6,900 00
1,440 00
1,875
9,350
10,050
9,750

00
00
00
00

Amount Invested.

$3,700
4,200
1,500
1,800
3,800
5,000
5,200
600
1,300
4,800
1,000
2,000
300
1,200
4,100
3,400
5,000
1,400
13,8m0
6,000

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

6,000 00
1,200 00
1,500
5,500
6,700
7,500

00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

233

Greenfield Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

3
45
70
36
110
10
50
37

Par Value.

Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First INat’l Bank, Springfield,
Second JN’i Bank, Springfield,
third Nat’l Bank, Springfield,
Crocker N’1 B’k,Turner’s Falls,
First Nat’l Bank, Westfield, .
Winchester National Bank,
Winchester, N. H.,

Estimated

$300
4,500
7,000
3,600
11,000
1,000
5,000

$480
6,750
8,750
4,500
23,100
1,250
6,750

3,700
$134,600

Amount Invested.

Market Value.

00
00
00
00
00
00
00

$300
4,500
7,000
3,600
11,000
1,000
5,000

4,070 00

00
00
00
00
00
00
00

3,700 00

$186,589 00 $134,600 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Newport & Richford R.R. 5s, .
Old Colony R.B. 4s,.
Upper Coos R.R. 4£s,

$25,000
5",000
15.000
25.000
16.000
19.000
10.000
50.000
50.000

Estimated
Market Value.

$25,750
52.250
15,600
25.250
17,200
20,280
10,700
53.500
52.500

Amount Invested.

00
00
00
00
00
00
00
00
00

$260,000 $273,030 00

$25,000
50.000
15.000
25.000
16.000
19.000
10.000
50.000
50.000

00
00
00
00
00
00 '
00*
00
00

$260,000 00

* A legal investment when made.

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$164 96
206 48
22,715 69

Rate.

2 per cent.
2¿
“
3


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

Amount.

$21,885 90
30,500 00
25,000 00

Rate.

Amount.

4 per cent.
4à
“
4?
“

$1,507,779 92
1,225 00
68,027 00

Rate.

5 per cent.
H

6

“

234

REPORT OF THE

[Pub. Doc

Greenfield. Savings Bank — Concluded.
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, 1895,
Number of loans which are of an amount not exceeding $3,000 each, .

$3,041 85
3.000 00
26 42

648

Aggregate amount of the s a m e , ..............................................................................

567,100 00

Total number of loans upon real e s t a t e , ................................................. 866

Amount o f investments from which no income is received, .

2.000 00

Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend^ 2 per cent., $37,474 71 ,
during the year ending Oct. 31, 1895,
.
. f 2 per cent., 38,854 41
Number of accounts opened during the year ending Oct. 31, 1895,
. 764
Number of accounts closed during the year ending Oct. 31, 1895,
. 528
Total number o f open accounts Oct. 31, 1895,
.
.
.
.
4,656
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

102,407 59

76,329 12

clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­

5,212 82

ing Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ...................................................................................................3,470
Amount o f withdrawals, including dividends, during the year ending Oct.

349,631 35

31, 1 8 9 5 , .....................................................................................................................
Number of same........................................................................................................ 3,296
Date of examination by commissioner: May 23.

310,986 40


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Federal Reserve Bank of St. Louis

N o . 8 .]

235

SAYINGS BANK COMMISSIONERS.

H A M P D E N S A V IN G S B A N K — SP R IN G F IE L D .

Incorporated April 13, 1852.

Present number of corporators, 40.

.J o h n M u l l ig a n , P r e s id e n t .
P. S. B a i l e y , T r e a s u r e r .
P. S. B a i l e y , C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
E. D . C h a p in ,
J o h n M u l l ig a n ,

W . H .

W

e ig h t

,

F . E . Ca e p e n t e r .

Open for business every business day, 9

a .m

.

to 4

p .m

.

B a l a n c e S h e e t O ctober 31, 1895.
L iab ilities .

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 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,
.
. . .

$35,000
312,610
24,475
500.000
30,850
20,242
1,308,395
566,475
1,250
120.000
15,922
2,556
13,569

00
00
00
00
00
38
00
00
00
00
41
16
28

$2,951,345 23

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$2,811,793 20
104,000 00
14,358 88
21,193 15

$2,951,345 23

Cash on Deposit in Banks, amount in each : —
Revere National Bank, Boston, .
.
.
Agawam National Bank, Springfield, .
Chapin National Bank, Springfield,
Pynchon National Bank, Springfield, .
John Hancock National Bank, Springfield,
Second National Bank, Springfield,

.

$525
20,481
22,650
30.000
42,264

52
76
98
00
15

20.000 00

Loans on Bank Stocks, amount on each : —
On 25 shares Chapin National Bank, Springfield,
On
On
On
On

30 shares City National Bank, Springfield, .
5 shares W are National Bank, W are, .
25 shares Third National Bank, Springfield, .
20 shares Agawam National Bank, Springfield,


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

$5,300 00
225 00
2,500 00
1,800 00

[Pub. Doc.

REPORT OF THE

236

Hampden Savings Bank — Continued.
$3,000 00

On 30 shares Hampshire National Bank, Northampton,
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 24 shares First National Bank, Springfield, .
On 6 shares Second National Bank, Springfield,
On 3 shares Agawam National Bank, Springfield,
On 25 shares Chapin National Bank, Springfield,
On 5 shares Chicopee National Bank, Springfield,
On 3 shares Chapin National Bank, Springfield,.
On 13 shares National Exchange Bank, Boston,

2,000 00
3.000 00

}

1.000 00
1,000 00
2,000 00
500
250
500
500
300
600

00
00
00
00
00
00

Loans on Railroad Stock, amount on each : —
$1,500 00
3,000 00

On 10 shares Boston & Albany R .R ..................................
On 22 shares Boston & Albany R .R ., .
.
.
.
On
On
On
On
On
On
On
On

1

100 shares Old Colony R . R . , .......................................
100 shares Boston & Providence R R ., .
19 shares Boston & Albany R .R ., .
.
.
.
10 shares Boston & Albany R .R ., .
.
.
.
3 shares New Y ork, New Haven & Hartford R .R .,
8 shares Providence & Worcester R .R .,
118 shares New Y ork, New Haven & Hartford R .R .,
6 shares New Y ork, New Haven & Hartford R .R .,

4,900 00*
2,350 00
1,400 00
400 00
200 OOf
16,500 00
600 00

Detailed Statement o f Public Funds.
Estimated
Market Value.

United States 4s,

.

$35,000

$42,350 00

$35,000 00

Detailed Statement o f Bank Stocks.
«*-. o5
O O)

Estimated

o £
^ CG

50
50
28
50
280
75
50
50
50

Market Value.

Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Merchants’ Nat’l B’k, 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,

$5,000
5,000
2,800
5,000
23,000
7,500
5,000
5,000
5,000

$5,400
6,650
6,720
5,000
36,800
8,700
5,350
6,300
7,650

00
00
00
00
00
00
00
00
00

* A legal loan when made.
| Thirty shares Boston & Albany R .R . stock since substituted.


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

$5,300
6,100
2,800
5,900
27,210
10,865
5,700
6,700
6,300

00
00
00
00
00
00
00
00
00

N o . 8 .]

S A Y IN G S

BANK

237

C O M M IS S IO N E R S

Hampden Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

75
75
26
63
50
37
60
33
40
200
20
18
66
40
85
25
423
250
50
50
50
65
74
75

Par Value.

N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston, .
State National Bank, Boston, ,
Suffolk National Bank, Boston,
First National Bank, Chicopee,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Monson Nat’l Bank, Monson, .
First N’l Bank, Northampton,
Hampshire Co. National Bank,
Northampton,
First;N’l B’k, Norwich, Conn ,.
Thames Nat’l Bank, Norwich,
Conn., .
.
.
.
.
Uncas N’l B’k, Norwich, Conn.,
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, .
.
.
.
Pynchon N’l B’k, Springfield,.
Third Nat’l Bank, Springfield,
Ware National Bank, Ware, .

Estimated
Market Value.

Amount Invested.

$7,500
7,500
2,600
6,300
5,000
3,700
6,000

$8,325
7,500
2,700
6,930
5,650
3,850
9,600

00
00
00
00
00
00
00

$7,500
7,500
2,892
7,600
5,900
4,500
7,920

00
00
00
00
00
00
00

3,300
4,000
20,000
2,000
1,800

3,630
6,000
34,000
3,000
2,520

00
00
00
00
00

4,550
4,732
23,056
2,200
1,800

00
00
00
00
00

6,600
4,000

8,250 00
4,800 00

7,225 00
5.180 00

8,500
2,500
42,300
25,000
5,000
5,000

13,600
2,750
44,415
40,000
8,600
7,000

00
00
00
00
00
00

12,285
2,900
46,700
27,500
8,600
6,525

00
00
00
00
00
00

5,000
6,500
7,400
7,500

6,075
11,375
16,280
9,000

00
00
00
00

6,075
10,985
11,560
10,050

00
00
00
00

$258,300 $354,420 00 $312,610 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Albany R R. 5s,
Boston & Lowell R.R. 4s,
Boston & Providence R.R. 4s, .
Connecticut River R.R. 4s,
Holyoke & Westfield R.R. 4s,
N. Y. & N E. R.R. (terminal) 4s, .


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

$50,000
50.000
50.000
50.000
200,000
50.000
50.000

Estimated
Market Value.

$53,000
55,000
52.500
52.500
212,000
52.500
52.500

00
00
00
00
00
00
00

Amount Invested.

$50,000
50.000
50.000
50.000
200.000
50.000
50.000

00
00
00
00
00
00
00

$500,000 $530,000 00 $500,000 00

[Pub. Doc

REPOET OF THE

238

Hampden Savings Bank — C

o n c lu d e d .

Total Amount of Loans, with Each Specified Rate o f Interest.

Kate.

Amount.

$220,000 00

4

per cent.

Amount.

$150,000 00

Kate.

Amount.

Rate.

4J per cent.

$1,681,445 00

5 per cent.

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the s a m e , ........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 340

$20,242 38
15,150 00

Aggregate amount o f the same......................................................................................
Total number of loans upon real estate............................................................ 379
Amount of investments from which no income is received.................................
Gross amount of interest or profits received or earned, as per books, dur­

465,895 00

ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-laws : February 15 and August 15.
Rate and amount o f each semi-annual dividend j 2 per cent., $52,358 22 j
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 53,647 941

130,550 82:

Number of accounts opened during the year ending Oct. 31, 1895,
Number o f accounts closed during the year ending Oct. 31, 1895,

.

9,000 00'

106,006 16

1,025
805

Total number of open accounts Oct. 31, 1895,
.
.
.
.
5,490
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­

8,471 93

ing Oct. 31, 1895, ............................................................................................................
Number o f s a m e , ........................................................................................ 4,412
Amount o f withdrawals, including dividends, during the year ending Oct.

486,356 99

31, 1895...............................................................................................................................
Number of s a m e , ........................................................................................ 4,087
Date of examination by commissioner: June 20.

466,727 26


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

N o . 8 .]

S A Y IN G S

BANK

239

C O M M IS S IO N E R S .

H A M P SH IR E SA V IN G S B A N K — N O R TH AM PTO N .
Incorporated M ay 19, 1869.

Present number of corporators, 34.

J o s e p h u s C r a f t s , P r e s id e n t .

L e w is W a r n e r , T rea su rer.

L e w i s W a r n e r , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
Jo s e p h u s C r a f t s ,
Ja m e s M . F a y ,
W m . H . D ic k in s o n ,

■

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 alance

Sheet

O ctober

a .m

. to 3 p . m .

31, 1895.
1
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 railroad stock,
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,
Expense account,
Cash on hand.....................................

$10,000
206,310
26,850
30,000
300
951,482
86,425

00
42
00
00
00
21
00

14,600
89,263
6.712
4,168
2,987

00
63
50
11
50

$1,361,132 54
39,700 09
8,766 83

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account,

19,500 09

$1,429,099 37

$1,429,099 37

Cash on Deposit in Banks, amount in each: —
Hampshire County National Bank, Northampton,
.
.
.
.
First National Bank, E a s t h a m p t o n ,.........................................................
Park National Bank, H o l y o k e ,...................................................................
W are National Bank, W a r e , ..................................................................
Northampton National Bank, N o r t h a m p t o n ,.....................................

.
$49,263
20.000
10,000
10,000
6,712

63
00
00
00
50

Loans on Bank Stock, amount on each: —
On
On
On
On

13 shares Hampshire County National Bank, Northampton,
.
12 shares First National Bank, N o r t h a m p t o n ,...........................
50 shares First National Bank, E a s t h a m p t o n ,............................
5 shares First National Bank, G r e e n f i e l d ,.....................................


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

.
1,200
5,000
500

$1,300 00
00
00
00

240

REPORT

OF

THE

[P u b . D oc,

Hampshire Savings Bank — Continued.
On
On
On
On

7 shares Franklin Connty National Bank, Greenfield,
.
.
20 shares Conway National Bank, C o n w a y ,..............................
125 shares Park National Bank, H o l y o k e , ..............................
50 shares W are National Bank, Ware, .
k
....................

On 3 shares Northampton National Bank, Northampton,

.

.

.

.
1,500
12,500
4,000
.
.

$550 00
00
00
00
300 00

Loan on Railroad Stock: —
On 2 shares Boston & Albany R .R .,

.....................................................................

$300 00

Detailed Statement o f Public Funds.

Par Value.

City of Northampton, Mass., 4s,

$10,000

Estimated
Market Value.

$10,400 00

Amount Invested.

$10,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

5 Greylock N’l Bank, Adams, .
9 Atlantic Nat’l Bank, Boston, .
33 Atlas National Bank, Boston, .
14 Blackstone N’l Bank, Boston,
35 Continental N’l B’k, Boston, .
36 Eliot National Bank, Boston, .
44 Globe National Bank, Boston,
7 Hamilton Nat’l Bank, Boston,
33 Howard Nat’l Bank, Boston, .
10 Manufacturers’ N’l B’k, Boston,
35 Market National Bank, Boston,
15 Massachusetts N’l B’k, Boston,
30 Merchants’ N’l Bank, Boston, .
7 Mt. Vernon N’l Bank, Boston,
15 N’l B’k of Commerce, Boston,
30 National Bank of the Commonwealth, Boston,
10 N’l B’k of No America, Boston,
8
N’l B’k of the Republic, Boston,
12 Nat’l Eagle Bank, Boston,
37 N’l Hide & Leather B’k, Boston,
23 National Revere Bank, Boston,
100 North National Bank, Boston,
50 Second Nat’l Bank, Boston,
35 Shawmut Nat’l Bank, Boston',.
30 Shoe & Leather N’l B’k, Boston,
30 Suffolk National Bank. Boston,
100 Third National Bank, Boston,.
62 Tremont Nat’l Bank, Boston, .


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

Estimated
Market Value.

Amount Invested.

$500
900
3,300
1,400
3,500
3,600
4,400
700
3,300
1,000
3,500
1,500
3,000
700
1,500

$750
1,134
4,125
1,400
3,850
4,860
3,872
770
3,300
1,000
2.975
1,275
4,650
798
1,680

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

$750
1,221
3,902
2,447
4.030
4,640
5,651
906
3,695
1,040
4,219
1,920
4,260
896
2,505

00
75
75
50
00
00
87
00
00
00
37
00
00
00
00

8,000
1,000
800
1,200
3,700
2,200
10,000
5,000
3,500
3,000
3,000
10.000
6,200

11,600
1,080
1,216
1,020
3,959
2,068
11,600
9,000
4,025
2,760
3,150
9,500
5,766

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

8,635
1,147
1,032
1,476
4,297
2,802
12,661
7,900
4,477
3,376
3,870
10,600
7,511

00
50
00
00
00
00
00
00
50
25
00
93
00

Par Value.

S A Y IN G S

N o . 8 .]

BANK

241

C O M M IS S IO N E R S

Hampshire Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

34
100
20
10
10
10
52
358
63
36
5
50
12
6
28

Par Value.

First National Bank, Chicopee,
First N’l Bank, Easthampton,.
Citj' National Bank, 11oJjoke,
Home Nat’l Bank, Holyoke, .
Bark Nat’l Bank, Holyoke,
Berkshire Nat’l Bank, North
Adams,
.
.
.
.
First Nat’l B’k, Northampton,
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,
Agawam N’l B’k, Springfield,
Chicopee N’l B’k Springfield,
John Hancock National Bank,
Springfield, .
.
.
.
Ware National Bank, Ware, .
Union Nat’l Bank, Weymouth,
Mechanics’ N’l B’k, Worcester,

$3,400
10,000
2,000
1,000
1,000

Estimated
Market Value.

$4,930
15,000
2,500
1,200
1,550

Amount Invested.

00
00
00
00
00

$5,175
12,420
2,000
1,000
1,505

00
00
00
00
00

1,000
5,200

1,000 00
6,968 00

1,000 00
7,446 00

35,800

44,750 00

35,800 00

6,300
3,600
500

9,765 00
3,780 00
800 00

10,702 50
4,497 00
800 00

5,000
1,200
600
2,800

6,250
1,380
690
2,800

00
00
00
00

5,898
1,624
822
3,749

00
00
50
00

$169,800 $206,546 00 $206,310 42

Detailed Statement o f Bailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Providence R.Il. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.

Estimated
Market Value.

$10,000
6,000
10,000
4,000

$10,150
6,300
10,000
4,200

00
00
00
00

$30,000

$30,650 00

Amount Invested.

$10,000
6,000
10,000
4,000

00
00
00
00

$30,000 00

Total Amount o f Loans, with Each Specified Bate o f Interest.

Amount.

$49,263 63
80,000 00

Rate.

Amount.

Rate.

Amount.

Rate.

3 per cent.
4
“

$122,614 45

4£ per cent.

$917,042 76

5 per cent.


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

242

REPORT

OF

THE

[P u b . D o c .

Hampshire Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 462
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 487

$502,928 32

Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , .........................................................................................
Times for the dividends fixed by the by-laws : M ay 15 and November 15.
Rate and amount of each semi-annual dividend / 2 percent., $25,189 62
during the year ending Oct. 31, 1 8 9 5 ,.
.
1 2 per cent.,
25,714 30
Number o f accounts opened during the year ending Oct. 31, 1895,
. 594
Number of accounts closed during the year ending Oct. 31, 1895,
. 418
Total number of open accounts Oct. 31, 1895,
.
.
.
.
3,658
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................

60,885 45

J

50,903 92

4,168 11

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................

276,923 50

Number of s a m e , .................................................................................................. 2,563
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 5 , ......................................................................................................................

240,773 86

Number of s a m e , .................................................................................................. 2,352
Date of examination by commissioner: May 20.


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

/

N o . 8 .]

S A Y IN G S

BANK

243

C O M M IS S IO N E R S

H A V E R H IL L S A V IN G S B A N K — H A V E R H IL L .
Incorporated Feb. 8, 1828.

Present number o f corporators, 47.

E l b r i d g e G . W o o d , P r e s id e n t.

R a ym o n d N o y e s , T rea su rer.

R a y m o n d N o y e s , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
R . Stuart Ch a se ,
E l b r id g e G . W ood,
D u d le y P orter.

Open for business every business day, except Saturday, 9 a m . to 12.30 p . m . ; 2 to 3.30
p . m . ; Saturday, 9 a . m . to 12.30 p . m . ; and for deposits only, 5 to 6.30 p . m .
B alance

Sh eet

31, 1895.

O ctober

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 railroad bonds, .
Loans 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, .
Expense account,
Bank building expense account,
Cash on hand,
.
.
.
.

$722,878
492,250
75,045
752,000
7,300
2,900

86
00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Premium account, .

$5,090,680 61
237,000 00
4,915 53
26,889 55
14,723 18

75.000 00
1,385,050 00
1,725,985 00
67.000
64,172
401
43
4,183

00
48
25
00
28
$5,374,208 87

$5,374,208 87

Cash on Deposit in Banks, amount in each: —
$632 00
15,000 00
48,510 48

National Bank of Redemption, Boston,
First National Bank, Haverhill, .
Haverhill National Bank, Haverhill, .
Loans on Bank Stock, amount on each: —
On
On
On
On
On
On
On
On

100 shares Amesbury National Bank, Amesbury,
25 shares Amesbury National Bank, Amesbury, .
.
.
.
50 shares Faneuil Hall National Bank, Boston, .
.
.
.
162 shares Cocheco National Bank, Dover, N . H .,
22 shares Haverhill Safe Deposit and Trust Company, Haverhill,
100 shares Essex National Bank, Haverhill,
.
.
.
.
26 shares First National Bank, H a v e r h i l l ,.......................................
15 shares Merrimack National Bank, Haverhill, .
.
.
.

On 50 shares Second National Bank, Haverhill,


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

.

.

.

.

$

10,000 00
2.500 00
5.000 00

11,000 00
2.000 00
10,000 00
2.500 00
525 00
5,000 00

244

REPORT OF THE

[Pub. Doc

Haverhill Savings Bank — Continued
On
On
On
On
On
On
On
On
On
On
On
On
On
On
On

27 shares Second National Bank, Haverhill,
10 shares Second National Bank, Haverhill,
30 shares Second National Bank, Haverhill,
3 shares Merrimack National Bank, Haverhill, .
6 shares Second National Bank, Haverhill, .
.
.
.
25 shares Beacon Trust Company, Boston..................................
25 shares Somerville National Bank, Somerville, .
12 shares Haverhill National Bank, Haverhill,
10 shares Merrimack National Bank, Haverhill, .
7 shares Boston National Bank, Boston,
.
.
.
.
5 shares Tremont National Bank, Boston, .
.
.
.
10 shares Arlington National Bank, Lawrence,
10 shares Merchants’ National Bank, Lawrence, .
100 shares Somerville National Bank, Somerville,
10 shares Beacon Trust Company, Boston, .
.
.
.

$2,700 00
1,000 00
3,000 00
•1
5,000 00
•j
•i
*\
ar
i
•j

:{
:}

3,000 00

1,820 00
10,000 00

Loans on Railroad Bonds, amount on each : —
On $7,000 Boston & Maine R R . 4s...........................................................................$6,800 00
On $1,000 Old Colony R .R . 6 s , ..............................................................................
500 00
Loans on Railroad Stock, amount on each : —
On 16 shares Boston & Albany R . R . , .....................................................................$2,400 00
On 4 shares Boston & Maine R .R .,
.....................................................................
300 00
On 1 share Boston & Maine R . R . , .....................................................................
100 00
On 1 share Boston & Maine R . R . , .....................................................................
100 00

Detailed Statement o f Public Funds.

Par Value.

Estimated
Market Value.

Amount Invested.

City of Boston, Mass., 4s, .
$150,000 00 $161,375 00 $150,000 00
of Cambridge, Mass , 4s,
40,000 00
44,000 00
40,000 00
of Chicago, 111., 4s,
100,000 00
104,000 00
100,000 00*
of Cleveland, Ohio, 5s,
25,000 00
28,500 00
25,000 00
of Danbury, Conn., 4s,.
25,000 00
26,000 00
25,000 00
of Dayton, Ohio, 4s,
25,000 00
25,000 00
25,000 00*
of Des Moines, Iowa, 4s,
25,000 00
25,250 00
25,000 00
of Detroit, Mich., 4s, .
102,378 86
107,378 86
102,378 86
of Fall River, Mass , 5s,
40,000 00
43,900 00
40,000 00
of Fall River, Mass , 6s,
4,000 00
4,360 00
4,000 00
of Haverhill, Mass., 4s,
35,000 00
35,350 00
35,000 00
of Indianapolis, Ind., 4s,
25,000 00
25,750 00
25,000 00
of Lynn, Mass., 5s,
5,000 00
5,550 00
5,000 00
of Lynn, Mass , 6s,
10,000 00
10,050 00
10,000 00
of New Bedford, Mass., 4s, .
25,000 00
25,250 00
25,000 00
of Pawtucket, R. I , 4s,
25,000 00
25,500 00
25,000 00*
Town of Bradford, Mass., 4s,
38,500 00
39,317 50
38,500 00
of Bradford, Mass., 4Js,
8,000 00
8,400 00
8,000 00
of Wakefield, Mass., 4s,
15,000 00
15,075 00
15,000 00


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

$722,878 86 $760,006 36 $722,878 86
*

Legal investments when made.

No. 8.]

245

SAVINGS BANK COMMISSIONERS

Haverhill Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

16
200
136
267
50
50
100
50
50
100
50
187
100
75
150
100
50
267
254
225
150
100
150
200
33
150
150
75
100
150
200
30
145
375
300
50
100

Tar Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston,.
Blackstone N'l Bank, Boston,.
Boston National B’k, Boston, .
Central Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Continental N'l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat'l Bank, Boston. .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Fourth National Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, 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,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National B'k, Boston, .
Third Nat’l Bank, Boston,
First National Bank, Chelsea,
First Nat’l Bank, Haverhill, .
Haverhill N’l Bank, Haverhill,
Merrimack N’l B’k, Haverhill,
Bay State N’l Bank, Lawrence,
First National Bank, Malden,.

$1,600
20,000
13,600
26,700
5,000
5,000
10,000
5,000
5,000
10,000
5,000
18,700
10,000
7,500
15,000
10,000
5,000
26,700
25,400
22,500
15,000
10,000
15,000
20,000
3,300
15,000
15,000
7,500
10,000
15,000
20,000
3,000
14,500
37,500
30,000
3,750
10,000
$492,250

Estimated
Market Value.

$1,760
24,650
13,566
26,700
6,500
4,850
10,800
6,500
4,000
13,300
11,950
22,440
8,500
8,025
14,550
10,000
8,000
28,502
30,734
34,200
12,150
8,275
18,750
21,200
3,432
15,750
16,500
6,750
11,200
15,712
18,200
3,180
18,850
56.250
48,000
6,000
16,000

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
00
00
00
50
00
00
00
00
00
00
00

Amount Invested.

$1,600
20,000
13,600
26,700
5,000
5,000
10,000
5,000
5,000
10,000
5,000
18,700
10,000
7,500
15,000
10,000
5,000
26,700
25,400
22,500
15,000
10,000
15,000
20,000
3,300
15,000
15,000
7,500
10,000
15,000
20,000
3,000
14,500
37,500
30,000
3,750
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

$585,726 75 $492,250 00

Detailed Statement o f Railroad Bonds.

V

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4ès,


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

Par Value.

$64,000
20,000
133,000

Estimated
Market Value.

$65,530 00
20,300 00
153,615 00

Amount Invested.

$64,000 00
20,000 00
133,000 00

246

[Pub. Doc,

REPORT OF THE

Haverhill Savings Bank — Continued.
Detailed Statement of Railroad Bonds — Concluded.

Par Value.

Boston & Providence R R. 4s, .
Cheshire R.R. 6s,
Concord '& Montreal R.R. 4s, .
Dexter & Piscataquis R.R. 4 s,.
Fitchburg R.R. 4s, .
Fitchburg R.R. 4Js, .
.
.
.
Leeds & Farmington R.R. 6s. .
Maine Central R R. 4is, .
Maine Central R.R. 7s,
Old Colony R.R. 4s,
. . .
Old Colony R.R 6s,.
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$141,000 $148,755 00 $141,000 00
11,000
11,000 00
11,550 00
75,000
78,000 00
75,000 00
15,000 00
15,000 00
15,000
50,000 00
50,000
50,000 00
65,000 00
65,650 00
65,000
48,000 00
48,480 00
48,000
53,000 00
50,000 00
50,000
10,000
10,000 00
10,700 00
25,000 00
25,000
26,750 00
15,000 00
15,300 00
15,000
30,000 00
30,000
30,450 00
$752,000 $793,080 00 $752,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$632
48,510
15.000
75.000

Kate.
00
48
00
00

2
-à

3
3|

per cent.
“

“

Rate.

Amount.
$55,000
1,159,900
257,500
241,300

00
00
00
00

3J per
4

cent.
“

44
4è

“
“

Amount.
$1,264,055 00 5
20,450 00 5è
190,075 00 6

Kate.
per cent.

“
«
•

$75,000 00
Amount invested in real estate for banking purposes,.......................................
75,000 00
Estimated value of the sam e,........................................................................................
32,250 00
Assessed value of the s a m e , .........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 534
739,280 00
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 609
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1895,
.
.
. ' .................................................
236,667 49
Times for the dividends fixed by the byMaws: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $95,741 75 )
192,838 94
during the year ending Oct. 31, 1895,
.
. ( 2 per c en t,
97,097 19 1
Number of accounts opened during the year ending Oct, 31, 1895,
1,733
Number of accounts closed during the year ending Oct. 31, 1895,
1,390
Total number of open accounts Oct. 31, 1895,
.
.
.
.
14,291


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

247

Haverhill Savings Bank — Concluded.
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , .......................................................................................................... $8,972 59
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , .....................................................................................................
659,80900
Number of s a m e , ........................................................................................ 10,983
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895..................................................................................................................................
699,60297
Number of s a m e , ........................................................................................10,294
Date of examination by commissioner : December 3.


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Federal Reserve Bank of St. Louis

248

REPORT OF THE

[Pub. Doc

H A Y D E N V IL L E S A V IN G S B A N K — H A Y D E N V IL L E .

Incorporated March 17, 1869.
C. D . W

Present number of corporators, 63.

W i l b u r M . P u r r in g t o n , T r e a s u r e r .
H e n r y C. S m i t h , C le r k o f th e C o r p o r a tio n .

a i t e , P r e s id e n t .

Names of committee charged with the investment of its funds:
B y r o n L o o m is ,
G eorge M a r k s ,
F. S. W a r n e r ,
W il s o n D e w e y ,
H en ry L. G ra ves.

Open for business every business day, 10

a .m .

to 12

m.

; 2 to 4

f .m .

B a l a n c e S h e e t O c tober 31, 1895.

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 ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

L ia b il it ie s .

$8,325
67,247
1,000
5,000
700
209,483
48,492

00
29
00
00
00
45
57

12,053
450
6,724
23
482
1,597

24
00
77
86
40
28

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$346,319 57
12,500 00
2,314 26
446 03

$361,579 86

$361,579 86

Cash on Deposit in Banks, amount in each: —
Home National Bank, Holyoke, .
.
.
.
Park National Bank, Holyoke, .
.
.
.
Hampshire County National Bank, Northampton,

$23 86
2,031 74
4,693 03

Loan on Bank Stock: —
On 10 shares Hancock National Bank, Boston, .
On 3 shares First National Bank, Northampton, ■


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Federal Reserve Bank of St. Louis

‘I

$1,000 00

No. 8.]

249

SAYINGS BANK COMMISSIONERS.

Haydenville Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

$8,200

City of Sioux City, Iowa, 6s, .

Estimated
Market Value.

$8,350 00

Amount Invested.

$8,325 00

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

50
46
50
43
50
60
25
42
50
18
22
10
10
48

Estimated.
Par Value.

First Nat’l Bank, Amherst,
Conway Nat’l Bank, Conway,
Danbury N’l B’k, Danbury, Ct.,
First Nat’l Bank, Easthampton,
City Nat‘1 Bank, Holyoke,
Home Nat’l Bank, Holyoke, .
Park Nat’l Bank, Holyoke,
First N’l Bank, Northampton,
Hampshire County Nat’l Bank,
Northampton,
Northampton National Bank,
Northampton,
Southington National Bank,
Southington, Ct., .
Chicopee N’l Bank, Springfield,
First Nat’l Bank, Springfield,
John Hancock National Bank,
Springfield, .
.
.
.

$5,000
4,600
5,000
4,300
5,000
6,000
2,500
4,200

Market Value.

$7,650
5,290
6,250
6,020
5,750
7,080
3,875
6,000

00
00
00
00
00
00
00
00

Amount Invested

$7,520
5,399
6,600
5,290
5,625
6,165
3,750
6,305

00
13
00
00
00
00
00
50

5,000

6,000 00

6,041 66

1,800

2,700 00

8,070 00

2,200
1,000
1,000

2,530 00
1,700 00
1,250 00

2,331 00
1,700 00
1,450 00

4,800

5,760 00

6,000 00

$52,400

$67,855 00

$67,247 29

Detailed Statement o f Railroad Bonds.
Par Value.

Fitchburg R.R 4s, .
Fitchburg R.R. 5s, .


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

.

.

.

Estimated
Market Value.

Amount Invested.

$2,000
3,000

$2,000 00
3,150 00

$2,000 00
3,000 00

$5,000

$5,150 00

$5,000 00

250

REPORT

OF

THE

[P ub. D oc.

Haydenville Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.

$8,693 03
2,031 74

Rate.

3 per cent.
4
“

Amount.

$7,500 00
47,489 72

Rate.

4£ per cent.
5

“

Amount.

Rate.

$71,238 45
141,251 09

5^ per cent.
6
“

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 S3,000 each, 397
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 234
Amount o f investments from which no income is received, .
.
.
.
Gi'oss amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................

$700 00

1,000 00
231,679 26
2,410 36
17,984 19

Time for the dividends fixed by the by-la w s: second Tuesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend f 2 per cent., $6,349 97 1
during the year ending Oct. 31, 1895,
.
. I 2 per cent.,
6,504 09 I
Number of accounts opened during the year ending Oct. 31, 1895,
217
Number of accounts closed during the year ending Oct. 31, 1895,
158
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,108
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ),............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895.......................................................................................................

12,854 06

1,837 04
87,297 77

Number of s a m e , .................................................................................................. 1,026
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of same..............................................................................................
Date of examination by commissioner: May 23.


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Federal Reserve Bank of St. Louis

854

79,378 02

N o. 8 .]

S A Y IN G S

BANK

251

C O M M IS S IO N E R S

H IN G H A M IN S T IT U T IO N FOR S A V IN G S — HINGHAM !.

Incorporated April 2, 1834.

Present number of corporators, 57.

E nos L o r i n g , P r e s id e n t .

H e n r y C . H a r d i n g , T r e a su r e r .

H e n r y C . H a r d i n g , C le r k o f the C o r p o r a tio n .

Names of committee charged with the investment o f its fund s:
E no s L o r i n g ,

F r a n c is H . L i n c o l n ,

E d m u n d H e r s e y , 2d,

W m . F e a r i n g , 2d.

Open for business every business day, 8

a .m .

to 12

m

. ; 1.30 to 4 p . m .

B a la n c e S h e e t O c tober 31, 1895.

L ia b ilit ie s .

A ssets .

Public funds as per schedule,
Loans on public funds,
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), .
.
.
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Lawrence Duck Company stock,*
Boston & Provincetown Steam­
ship Company stock,*
Cash on hand,
.
.
.
.

$50,000
1,000
146,860
72,000

00
00
00
00

2,000
4,200
1,417,166
548,100

00
00
00
00

68,900
8,051
7,570
2,891
20,000

00
54
42
60
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Suspense account, .

$2,202,256 35
93,000 00
53,553 53
2,484 78

300 00
2,255 10
$2,351,294 66

$2,351,294 66

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Shoe and Leather National Bank, Boston, .
National Webster Bank, Boston,
Hingham National Bank, Hingham,

.

$8,051 54
2,702 74
4,867 68

Loan on Public Funds : —
On $1,000 United States 4s, '.........................................................................................$1,000 00


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Federal Reserve Bank of St. Louis

252

REPORT OF THE

[Pub. Doc

Hingham Institution for Savings — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,

$50,000

Estimated
Market Value.

$50,750 00

Amount Invested.

$50,000 00

ilo. of
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

7 Abington N’l B’k, Abington, .
38 Atlantic N’l Bank, Boston,
75 Atlas National Bank, Boston,
50 First National Bank, Boston, .
46 Globe Nat’l Bank, Boston,
42 Hamilton Nat’l Bank, Boston,
36 Market National Bank, Boston,
20 Massachusetts N’l B’k, Boston,
75 Merchants’ N’l Bank. Boston,.
82 N’l B’k of Commerce, Boston,
80 N’l B’k of No. America, Boston,
75 N’l B’k of the Republic, Boston,
54 National City Bank, Boston, .
100 National Eagle Bank, Boston,
112 National Revere Bank, Boston,
50 National Union Bank, Boston,
40 Nat’l Webster Bank, Boston, .
20 New England N’l B’k, Boston,
100 "Shoe & Leather N’l B’k, Boston,
26 State Nat'l Bank, Boston,
36 Suffolk Nat’l Bank, Boston, .
100 Tremont Nat'l Bank, Boston, .
20 Brockton N’l Bank, Brockton,.
30 First National Bank, Chelsea,
178 Hingham Nat’l B’k, Hingham,
16 Old Colony N’l B’k, Plymouth,
14 N’l Union Bank, Weymouth, .

$700
3,800
7,500
5,000
4,600
4,200
3,600
2,000
7,500
8,200
8,000
7,500
5,400
10,000
11,200
5,000
4,000
2,000
10,000
2,600
3,600
10,000
2,000
3,000
12,460
1,600
1,400

Estimated
Market Value.

$840
4,788
9,225
11,950
3,910
4,494
2,880
1,700
11,625
9,102
8,540
11,400
4,374
8,275
10,402
6,748
4,160
3,180
9,100
2,912
3,771
8,900
2,300
3,180
12,460
2,400
1,540

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$700
3,800
7,500
5,000
4,600
4,200
3,600
2,000
7,500
8,200
8,000
7,500
5,400
10,000
11,200
5,000
4,000
2,000
10,000
2,600
3,600
10,000
2,000
3,000
12,460
1,600
1,400

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

$146,860 $164,156 75 $146,860 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Eastern R.R. 6s,
. .
Fitchburg R.R. 5s, .


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

.

$10,000
6,000
30,000

Estimated
Market Value.

$10,300 00
7,200 00
32,100 00

Amount Invested.

$10,000 00
6,000 00
30,000 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

253

Hingham Institution for Savings — Concluded.
Detailed Statement o f Railroad Ronds— Concluded.

Par Value.

Maine Central R.R. 4s,
Old Colony R.R. 6s,.
Upper Coos R.R. 4^s,

.

Estimated
Market Value.

Amount Invested.

$10,000
1,000
15,000

$10,100 00
1,030 00
16,200 00

$10,000 00
1,000 00
15,000 00

$72,000

$76,930 00

$72,000 00

Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.

$1,500
8,051
36,000
473,200

Rate.

00
54
00
00

0 per cent.
2
“
H
“
4
“

Amount.

$132,000
240,850
6,000
937,247

Rate.

00
00
00
00

4è
4|

per cent.
“

5

Amount.

$71,400 00
124,964 00
12,005 00

Rate.

5J per cent.
6
7

«

Amount Invested in real estate for banking p u r p o se s,....................................... f 2,000 00
Estimated value o f the sa m e ,........................................................................................
3 000
Assessed value of the s a m e , ........................................................................................
2,500
Value, by books, o f other real estate held or owned by foreclosure or
o t h e r w i s e ,..................................................................................................................... 4,200 00
Assessed value of the s a m e , ........................................................................................
4,695
Number of loans which are of an amount not exceeding $3,000 each ,. 321
395,641
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 497
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, 1895......................................................................................

00
00

00
00

1,700 00
107,762 64

Times for the dividends fixed by the by-la w s: first Tuesday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $42,140 59 1 g5 og„
during the year ending Oct. 31, 1895,
.
. I 2 per cent., 42,953 28 J
°’
Number of accounts opened during the year ending Oct. 31, 1895,
. 414
Number of accounts closed during the year ending Oct. 31, 1895,
. 365
Total number of open accounts Oct. 31, 1895,
.
.
.
.
4,576
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..............................................................................
•
4,20 0 4 1
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895..............................................................................................................
221,064 24
Number of s a m e , ........................................................................................ 2,063
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 3 9 5 , .....................................................................................................................
Number of s a m e , ........................................................................................ 2,368
Date of examination by commissioner: October 8 .


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Federal Reserve Bank of St. Louis

254,679 97

[Pub. Doc

REPORT OF THE

254

H O L L IST O N S A V IN G S B A N K — H O LL IST O N .

Incorporated Feb. 27,1872.

Present number of corporators, 54.

C h a r l e s F . T h a y e r , P r e s id e n t .
O r r i n T h o m so n , T r e a s u r e r .
O r r in T h o m so n , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its fund s:
G eorge A . B a r t l e t t ,
C h a s. F. T h a y e r ,
U r ie l Cu t l e r ,
J o se p h H . D e w in g ,
Jam e s H . Le l a n d .

Open for business every business day, except Saturday, 9 a . m . to 12
Saturday, 9 a . m . to 12 m .

m.;

1.30 to 3.30

p .m .

;

B a l a n c e S h e e t O c tober 31, 1895.

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), .......................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand,
.
.
.
.

$11,000
26,662
4,292
20,700
1,870
240,535
63,052

00
50
00
00
00
00
54

43,300
14,726
2,000
757

00
47
00
78

$428,896 29

Deposits, .
Guaranty fund,
Interest account,
Surplus account,

$387,815
19,300
16,780
5,000

62
00
67
00

$428,896 29

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, B o s t o n ,................................................. $4,232 93
Holliston National Bank, H o l l i s t o n ,.....................................................................
12,493 54
Loans on Bank Stock, amount on each: —
On 35 shares Central National Bank, B o s t o n , ................................................. $1,642 00
On 5 shares Holliston National Bank, Holliston.....................................................
200
On 10 shares Holliston National Bank, H o l l i s t o n , .......................................
750
On 9 shares Holliston National Bank, Holliston.....................................................
500
On 15 shares Holliston National Bank, H o l l i s t o n , ........................................
1,200


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

00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS

255

Holliston Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Fall River, Mass., 4s, .
of Milwaukee, Wis., 5s, .
Town of Wayland, Mass., 4s, .

$1,000
5,000
4,010
1,000
$11,000

Estimated
Market Value.

$1,070
5,100
4,500
1,010

00
00
00
00

$11,680 00

Amount Invested.

$1,000
5,000
4,000
1,000

00
00
00
00

$11,000 00

No. of

Shares.

Detailed Statement of Bank Stocks.

5
34
25
24
30
30
60
15
20
24

Par Value.

Blackstone N’l Bank, Boston, .
National Bank of the Commonwealth, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Home Nat’l Bank, Brockton, .
Franklin N’l Bank, Franklin, .
Holliston N’l Bank, Holliston,
People’s N’l B’k, Marlborough,
Blue Hill Nat’l Bank, Milton,
Framingham National Bank,
South Framingham,

Estimated
Market Value.

Amount Invested.

$500

$500 00

$500 00

3,400
2,500
2,400
3,000
3,000
6,000
1,500
2,000

4,726
2,275
2,688
5,700
3,300
6,000
1,725
2,220

3,400
2,462
2,400
3,000
3,000
6,000
1,500
2,000

2,400

2,760 00

2,400 00

$26,700

$31,894 00

$26,662 50

00
00
00
00
00
00
00
00

00
50
00
00
00
00
00
00

Detailed Statement o f Pailroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Fitchburg R.R. 5s, .
Old Colony R.R. 6s,.
Salem & Lowell R R. 6s,


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

.
,

$5,000
8,000
2,000
. 5,700
$20,700

Estimated
Market Value.

$5,275
8,400
2,060
5,985

00
00
00
00

$21,720 00

Amount Invested.

$5,000
8,000
2,000
5,700

00
00
00
00

$20,700 00

256

REPORT OF THE

[Pub. Doc.

Holliston Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$14,726 47
8,000 00
11,000 00

Rate.

2

34
3|

per cent.

“
“

Amount.

$34,300 00
10,950 00
28,900 00

Rate.

4 per cent.
44
5
“

Amount.

$44,450 00
213,579 54

Rate.

54 per cent.
6
“

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the s a m e , ........................................................................................

$1,870 00
3,300 00

Net income received from same during year ending Oct. 31, 1895,
Number o f loans which are of an amount not exceeding $3,000 each,. 317
Aggregate amount o f the s a m e , ...............................................................................

113 00
217,979 54

Total number of loans upon real e s t a t e , ................................................. 286
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................

22,784 01

Times for the dividends fixed by the b y-la w s: first Tuesday in June and
December.
Date and amount of each semi-annual dividend f 2 per cent.,
$7,353 56 1
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,
7,443 13 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 147
Number of accounts closed during the year ending Oct. 31,1895,
. 137
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,244
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , .................................................................................................. .....
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1895......................................................................................................................
Number of s a m e , .................................................................................................. .....
Date of examination by commissioner: M ay 14.


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

14,796 69

1,883 79
57,152 95

61,689 19

No. 8.]

SAYINGS BANK COMMISSIONERS.

257

H O LY O K E S A V IN G S B A N K — H O LY O K E .

Incorporated Feb. 21, 1855.

Present number of corporators, 85.

G e o r g e W . P r e n t i s s , P r e s id e n t.

R . B . Jo h n s o n , T r e a s u r e r .

C. W . J o h n s o n , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
G e o r g e W . P r e n t is s ,

L e v i P e r k in s ,

W il l ia m W h it in g ,

R obert R u ssell.

Open for business every business day, except Saturday, 9 a . m . to 4
days, 7 to 8 p . m . ; Saturdays, 9 a . m . to 12 m .

p .m

. ; also Thurs­

B a l a n c e S h e e t O c tober 31, 1895.

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,.
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,
Premium account,
Furniture and fixtures,
Cash on hand,
.
.
.
.

$619,150
600
256,558
19,300
510,500
19,312
1,252,350
350,645

00
00
00
00
00
45
00
00

1,750
50
119,294
2,692
6,000
5,000
22,099

00
00
69
53
00
00
66

Deposits, .
Guaranty fund,
Interest account,

$3,185,302 33

$3,015,672 69
110,000 00
59,629 64

$3,185,302 33

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, B o s t o n ,.................................................
City National Bank, H o l y o k e , ...............................................................................
Holyoke National Bank, Holyoke.............................................................................
First National Bank, N o r t h a m p t o n ,....................................................................
Agawam National Bank, S p rin gfield ,....................................................................
Pynchon National Rank, Springfield,.....................................................................
W are National Bank, W a r e , ...............................................................................


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

$3,703
55,000
20,590
10,000

93
00
76
00
10,000 00
15,000 00
5,000 00

[Pub. Doc

REPORT OF THE

258

Holyoke Savings Bank — Continued.
Loan on Public Funds : —
$600 oo

On $600 United States 4s,
Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On
On
On
On
On

20 shares Holyoke National Bank, Holyoke,
.
.
.
.
26 shares Palmer National Bank, P a l m e r , ........................................
10 shares Home National Bank, H o l y o k e , .......................................
3 shares Hadley Falls National Bank, Holyoke, .
.
.
.
4 shares Third National Bank, S p rin g fie ld ,........................................
10 shares City National Bank, H o l y o k e , ........................................
27 shares Holyoke National Bank, Holyoke,
.
.
.
.
35 shares City National Bank, H o l y o k e , .......................................
5 shares Home National Bank, H o l y o k e , .......................................
32 shares Holyoke National Bank, Holyoke,
.
.
.
.
25 shares Springfield Safe Deposit and Trust Company, Sprinfield,

$ 2,000 00
2,600 00

1,200 00
400 00

1,000 00
2.500 00
3.500 00

6,100 00

Detailed Statement o f Public Funds.
Par Value.

City of Akron, Ohio, 5s, .
of Bangor, Me., 6s, .
.
of Bangor, Me., 7s, .
of Bay City, Mich., 5s,
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Dayton, Ohio, 5s,
of Dayton, Ohio, 6s,
of Detroit, Mich., 7s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass , 6s, .
of Fort Wayne, Ind., 4£s,
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 5s,
of Haverhill, Mass , 4s, .
of Holvoke, Mass., 4s,
of Holyoke, Mass , 6s,
of Lewiston, Me., 5s,
of Lewiston, Me., 6s,
of Milwaukee, W is, 5s, .
of Milwaukee, Wis., 7s, .
of Minneapolis, Minn., 4£s,
of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of Northampton, Mass., 4s,
of Oshkosh, Wis., 4£s,
of Portland, Me , 6s,
of Providence, R. I., 5s, .
of Rockford, 111., 4£s,


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

*

.

$30,000
8,000
7,000
20,000
25,000
4,000
48,150
41,000
2,000
13,000
9,000
9,000
25,000
8,000
7,000
2,000
29,000
7,000
2,000
9,000
3,500
2,000
42,000
20,000
25,000
6,000
5,000
22,500
10,000
4,000
9,000
14,000

Estimated
Market Value.

$30,500
8,600
7,600
20,650
26,500
4,800
50,940
43,170
2,025
13,420
10,000
9,150
27,945
9,300
7,600
2,150
29,450
7,100
2,025
9,600
3,860
2,240
46,250
20,300
26,200
6,550
5,400
22,950
10,150
4,160
9,600
14,700

Legal investments when made.

00
00
00
00
00
00
00
00
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,

$30,000
8,000
7,000
20,000
25,000
4,000
48,150
41,000
2,000
13,000
9,000
9,000
25,000
8,000
7,000
2,000
29,000
7,000
2,000
9,000
3,500
2,000
42,000
20,000
25,000
6,000
5,000
22,500
10,000
4,000
9,000
14,000

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

No. 8.]

SAYINGS

BANK COMMISSIONERS

259

Holyoke Savings Bank — Continued.
Detailed Statement of Public Funds — Concluded.
Estimated
Par Value.

City of Saginaw, Mich., 4ès, .
of Saginaw, Mich., 5s,
of Salem, Mass., 4s,.
of Springfield, Mass., 3£s,
of Springfield, Mass., 5s,.
of Springfield, Ohio, 5s, .
of St. Louis, Mo., 5s,
of St Louis, Mo., 6s,
of Youngstown, Ohio, 5s,
of Youngstown, Ohio, 6s,
Town of Auburn, Me., 5s,
of Hinsdale, N. H., 5s, .
of Monson, Mass , 4s, ,
of West Springfield, Mass., 4s,
County of Middlesex, Mass., 4s,

$32,000
11,000
10,000
19,500
4,000
17,000
3,000
5,000
10,000
9,000
6,000
500
4,000
10,000
10,000
$619,150

Market Value.

$34,850
12,000
10,200
19,500
4,100
18,100
3,150
5,850
10,450
9,800
6,600
500
4,100
10,100
10,500

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

Amount Invested.

$32,000
11,000
10,000
19,500
4,000
17,000
3,000
5,000
10,000
9,000
6,000
500
4,000
10,000
10,000

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

$654,685 00 $619,150 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

20
22
50
20
20
38
42
37
5
48
2
1
8
220
380
60
17
25
5
90
20

Par Value.

Greylock Nat’l Bank, Adams,.
First National Bank, Adams, .
First National Bank, Amherst,
Miller’s River N’l B’k, Athol,.
First Nat’l Bank, Chicopee,
Conway Nat’l Bank, Conway,
First N’l Bank, Easthampton,
Rollstone N’l B’k, Fitchburg, .
First Nat’l Bank, Greenfield, .
Franklin Co. N’l B’k,Greenfield,
First Nat’l Bank, Haverhill, .
Merrimack N’l B’k, Haverhill,
City National Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
Holj’oke Nat’l Bank, Holyoke,
Home Nat’l Bank, Iiolvoke, .
Railroad Nat’l Bank, Lowell, .
Monson Nat’l Bank, Monson, .
First N’l Bank, Newburyport,
First N’l Bank, Northampton,
Hampshire County N’l Bank,
Northampton,


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

$2,000
2,200
5,000
2,000
2,000
3,800
4,200
3,700
500
4,800
200
100
800
22,000
38,000
6,000
1,700
2,500
500
9,000
2,000

Estimated
Market Value.

$3,000
2,860
7,500
3,800
3,000
4,500
5,000
5,000
800
4,800
250
150
900
'28,800
57,000
6,900
2,000
3,750
625
12,000

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

2,400 00

Amount Invested.

$2,000
2,200
5,000
2,000
2,000
3,800
4,200
3,700
500
4,800
200
100
800
28,800
38,000
6,000
1,700
2,500
500
12,288

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

2,000 00

REPORT OF THE

260

[Pub. Doc.

Holyoke Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

100
38
6
50
97
15
178
87
50
205
25
97
26
4
50

Par Value.

Northampton National Bank,
Northampton,
Palmer Nat’l Bank, Palmer, .
Pittsfield N’l Bank, Pittsfield,.
Agawam N’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.
Second N’l Bank, Springfield,
Third Nat’l Bank, Springfield,
Springfield N’l Bk, Springfield,
Townsend N’l B’k, Townsend,
Ware National Bank, Ware, .
First Nat’l Bank, Westfield, .
First Nat’l Bank, Worcester, .

Estimated
Market Value.

Amount Invested.

f 10,000
3,800
600
5,000
9,700
1,500
17,800

$16,000
4,700
900
5,000
16,400
2,100
22,250

00
00
00
00
00
00
00

$13,900
3,800
570
5,000
12,300
1,500
21,500

00
00
00
00
00
00
00

8,700
5,000
21,500
2,500
9,700
2,600
400
5,000

10,440
8,000
43,000
3,250
12,000
3,000
500
8,000

00
00
00
00
00
00
00
00

9,900
9,000
33,500
2,500
12,000
2,600
400
5,000

00
00
00
00
00
00
00
00

$216,800 $310,575 00 $256,558 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston, Winthrop & Shore R.R. 5s,
Boston, Revere Beach & Lynn R.R. 6s,
Cheshire R R. 6s,
Fitchburg R.R. 4s, .
Fitchburg: R.R. 5s, .
Holyoke & Westfield R.R. 4s,.
Leeds & Farmington R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 6s,
Maine Central R.R. 7s, .
Nashua & Lowell R.R. 5s,
N. Y , Providence & Boston R.R. 7s,
Norwich & Worcester R.R 6s,
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,
Providence & Worcester R.R. 6s, .
Vermont & Massachusetts R.R. 5s, .


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

$19,000
22,000
34,000
25,000
35,000
45,500
30,000
45,000
50,000
10,800
8,000
10,500
26,700
1,000
7,000
16,000
87,000
28,000
2,000
8,000

Estimated
Market Value.

$20,220
23,000
34,400
27,000
36,000
47,200
31,000
48,760
50,000
10,900
8,350
11,400
31,620
1,040
7,700
16,700
90,210
30,500
2,100
8,600

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
oo

Amount Invested.

$19,000
22,000
34,000
25,000
35,000
45,500
30,000
45,000
50,000
10,800
8,000
10,500
26,700
1,000
7,000
16,000
87,000
28,000
2,000
8,000

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

$510,500 $536,700 00 $510,500 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

Holyoke Savings B an k —

261

Concluded.

Total Amount of Loans, with Each Specified Rate o f Interest.

Amount.

$3,703 93
60,590 76

Rate.

Amount.

2^ per cent.

$55,000 00
1,332,550 00

4

“

Rate.

Amount.

Rate.

4^ per cent.

$177,500 00
114,645 00

5£ per cent.
6
“

5

“

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the same.............................................................................................
Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 e a c h ,. 302
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 356
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the b y-la w s: third Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $52,337 50 j
during the year ending Oct. 31, 1895,
.
.1 2 per cent., 54,711 34 J
Number of accounts opened during the year ending Oct. 31, 1895,
2,442
Number of accounts closed during the year ending Oct. 31, 1895,
1,468
Total number of open accounts Oct. 31, 1895,
.
.
.
.
8,659
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes).............................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of same.......................................................................................................14,271
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1895.....................................................................................................................
.
Number of s a m e , .................................................................................................. 8,344
Date of examination by commissioner: May 10.


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

$19,312 45
11,630 00
556 24
392,620 00

158,628 48

107,048 84

8,392 65
748,105 00

607,165 22

262

REPORT OF THE

[Pub. Doc.

HOM E S A V IN G S B A N K — BOSTON.

Incorporated March 17, 1869.

Present number of corporators, 44.

C h a r l e s H . A l l e n , P r e sid e n t.
C h a r l e s J. H a y d e n , T r e a s u r e r .
C h a r l e s J . H a y d e n , C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment of its fund s:
Ch arles H. A llen ,
J o h n W . L e ig h t o n ,
A l b e r t T . W h it in g ,

T homas F. T e m ple,
N ew ton T a lb o t,
H e n r y C. J a c k s o n .

Open for business every business day, 9 a . m . to 2 p . m . ; and Saturday, for deposits, till
8 p . m ., except during June, July and August.

B a la n c e 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,
Loans on railroad stock,
Loans on real estate, .
Loans on personal security,
Loans on counties, cities or towns
( n o t e s ) , ........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Suspense account,
Cash on hand,
.
.
.
.

31, 1895.

L ia b ilit ie s .

$191,586
397,200
18,477
196,300
10,000
2,856,365
1,818,955

15
00
13
00
00
00
00

109,629
600
286,395
1,312
147
3,652

38
00
23
26
82
20

$5,890,620 17

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$5,529,674 39
257,000 00
37,556 23
66,389 55

$5,890,620 17

Cash on Deposit in Banks, amount in each : —
Boylston National Bank, Boston..................................................................................$112,395 23
Central National Bank, B o s t o n , ...............................................................................
124,000 00
National Bank of North America, Boston................................................................
50,000 00


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

No. 8.]

263

SAYINGS BANK COMMISSIONERS

Home Savings Bank — Continued.
Loans on Bank Stock, amount on each
On
On
On
On
On

32
81
20
15
50

shares
shares
shares
shares
shares

$3,200 00

Boylston National Bank, Boston, .
Central National Bank, Boston,
.
Central National Bank, Boston,
National Market Bank, Brighton, .
Fitchburg National Bank, Fitchburg,

.

.

7,977 13

.

2 ,0 0 0 00

300 00
5,000 00

•

Loan on Railroad Stock : —
On 100 shares Boston & Albany R .R .,

•

•

•

$ 1 0 ,0 0 0 00

.

Detailed Statement o f Public Funds.
Estimated
Par Value.

City of Akron, Ohio, 5s,
of Bay City, Mich., 8 s,.
of Canton, Ohio, 5s,
of Cleveland, Ohio, 5s,
of Cleveland, Ohio, 6s,
of Dayton, Ohio, 5s,
of Detroit, Mich., 4s, .
of Dubuque, Iowa, 6s, .
of Lowell, Mass , 4Js, .
of Northampton, Mass., 4s, .
of Springfield, Mass., 7s,
of Springfield, Ohio, 5s,
of Springfield, Ohio, 6s,
of Woburn, Mass., 4s, .
Town of Hyde Park, Mass., 4s, .

$ 2 1 ,0 0 0 0 0

4,500 00
1 1 ,0 0 0

00

37,000 00
1 ,0 0 0

00

25,000
17,586
5,000
15,500
25,000

00
15
00
00
00

1 ,0 0 0

Market Value.

$21,630
6,125
11,185
37,370
1,015
25,187
17,682
5,075
15,500
25,500
1 ,2 1 0

00
00

14,000 00
2 ,0 0 0

00

4.095 00
8,320 00
14,000 00

4,000 00
8 ,0 0 0

00
00
00
00
00
50
18
00
00
00

2 ,0 0 0

00

00

$191,586 15 $195,894 68

Amount Invested

$ 2 1 ,0 0 0 0 0

4,500 00
1 1 ,0 0 0

00

37,000 00
1 ,0 0 0

25,000
17,586
5,000
15,500
25,000
1 ,0 0 0

00

00*
15
00
00
00
00

4,000 00
8 ,0 0 0

00

14,000 00
2 ,0 0 0

00

$191,586 15

* A legal investment when made.

Detailed Statement o f Bank Stocks.
V . xn

° 2
£Ü

Atlantic Nat’l Bank, Boston,
Atlas National Bank, Boston, .
200
66 Blackstone N’l Bank, Boston,.
50 Boston Nat’l Bank, Boston,
75 Columbian N’l Bank, Boston
23 Continental N‘l Bank, Boston,
Eliot National Bank, Boston, .
100
70 Everett Nat’l Bank, Boston,
125 First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
100
160 Hamilton Nat’l Bank, Boston,
150 Howard Nat’l Bank, Boston, ,
150 Market Nat’l Bank, Boston, •
50


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

Estÿnated
Market Value.

$5,000
2 0 ,0 0 0

6,600
5,000
7,500
2,300
1 0 ,0 0 0

7,000
12,500
1 0 ,0 0 0

16,000
15,000
15,000

$6,300
24,600
6,600
5,000
7,500
2,484
13,300
4,900
30,000
9,000
17,120
14,550

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

1 2 ,0 0 0

00

Amount Invested.

•
$5,000 00
2 0 ,0 0 0

6,600
5,000
7,500
2,300
1 0 ,0 0 0

00

00
00
00
00
00

7,000 00
12,500 00
1 0 ,0 0 0

00

16,000 00
15,000 00
15,000 00

264

REPORT OF THE

[Pub. Doc.

Home Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

50
200
75
50
150
200
100
50
150
125
33
200
200
400
200
100
100
70
200

Par Value.

*
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
Mt. Vernon 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,
N’l Hide & Leather B’k, Boston,
Nat’l Market Bank, Brighton,
Nat’l Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North Nat’l Bank, Boston,
Second 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,
Tremont Nat’l Bank, Boston, .

15,000
20,000
7,500
5,000
15,000
20,000
10,000
5,000
15,000
12,500
3,300
20,000
20,000
40,000
20,000
10,000
10,000
7,000
20,000
$397,200

Estimated
Market Value.

$4,250
32,000
8,550
5,350
18,150
30,400
10,600
4,750
13,950
16,875
3,432
31,800
21,000
71,600
22,000
9,100
11,200
7,350
17,800

00
00
00
00
00
00
00
00
oo

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$5,000
20,000
7,500
5,000
15,000
20,000
10,000
5,000
15,000
12,500
3,300
20,000
20,000
40,000
20,000
10,000
10,000
7,000
20,000

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

$493,511 00 $397,200 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 6s,
Cheshire R.R. 6s,
Dexter & Piscataquis R R. 4 s,.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Fitchburg» R.R. 6s, .
Leeds & Farmington R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,


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

.

$1,000
26,500
10,000
38,000
58,000
4,000
16,800
2,000
15,000
24,000
1,000
$196,300

Estimated
Market Value.

$1,010
26,765
10,200
38,195
61,840
4,120
16,968
2,060
16,050
24,700
1,090

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$1,000
26,500
10,000
38,000
58,000
4,000
16,800
2,000
15,000
24,000
1,000

00
00
00
00
00
00
00
00
00
00
00

$202,998 00 $196,300 00

No. 8.]

265

SAYINGS BANK COMMISSIONERS.

Home Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Rate o f Interest.

Rate.

Amount.

$286,395
50.000
40.000
889,429

23
00
00
38

per cent.
2.475 “
3f
“
4
“

2

Kate.

Amount.

$782,000
16,000
1,200,682
382,100

00
00

4\ per cent.
4|
“

13
00

45

“

Rate.

Amount.

$1,158,490
78,500
185,650
31,175

00
00
00
00

5 per cent.
51
“
H
“
6
“

Number of loans which are of an amount not exceeding $3,000 each,. 210
Aggregate amount of the s a m e , .............................................................................. $354,565 00
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, during
year ending Oct. 31, 1895.............................................................................................
245,280 64
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $96,535 18 1 ^ 7 2 5 7 75
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
100,722 57 i
Number of accounts opened during the year ending Oct. 31, 1895,
3,045
Number of accounts closed during the year ending Oct. 31, 1895,
2,150
Total number of open accounts Oct. 31, 1895,
.
.
.
.
21,569
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
21,193 35
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895..................................................................................................... 1,439,602 22
Number of s a m e , .................................................................................................19,768
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ................................................................................................ 16,090
Date of examination by commissioner: March 8 .


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

1,166,673 58

266

REPORT OF THE

[Pub. Doc

HOOSAC S A V IN G S B A N K — N O R TH A D A M S.

Incorporated April 19, 1871.

Present number of corporators, 15.

0 . A . A r c h e r , P r e s id e n t.
W . W . R ic h m o n d , T r e a s u r e r .
G e o r g e P . L a w r e n c e , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
D a n ie l J. B a r b e r ,
T im o t h y C o l l in s ,
W . W . Butler.

Open for business every business day, 9

a .m

. to 12 m . ; 1 to 4 p . m . ; Saturday, until 6 p . m .

B a l a n c e S h e e t O ctober

31, 1895.

A ssets .

L ia b ilit ie s .

Public funds as per schedule, .
Loans on public funds,
Bank stock 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, not on interest,
Recording fees, .
.
.
.
Premium account,
Furniture and fixtures,
Cash on hand,
.
.
.
.

$25,000 00
2 ,0 0 0 00

7,200 00
60,480
4,185
481,132
123,936

90
40
36
30

7,500
12,816
29
2,700
7,375
7,793

00
33
15
00
00
28

Deposits, .
Guaranty fund,
Interest account,

$742,148 72

$716,216 78
13,368 66
12,563 28

$742,148_72

Cash on Deposit in Banks, amount in each : —
Adams National Bank, North Adams,
Berkshire National Bank, North Adam s,

.

$5,638 89
7,177,44

Loan on Public F unds: —
On $1,000 Town of Manchester, Y t., 7s,
On $1,000 City of Pawtucket, R. I., 5s,


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

* A legal loan when made.

$ 2,000^00*

No. 8.]

267

SAVINGS BANK COMMISSIONERS.

Hoosac Savings Bank —

Continued.

Detailed statement o f Public Funds.

Par Value.

City of Bay City, Mich., 5s,
of Cleveland, Ohio, 4s, .
of Columbus, Ohio, 4s, .
of Lynn, Mass., 4s, .
of Sioux City, Iowa, 4£s,
of Terre Haute, Ind., 4<|s,

Estimated
Market Value.

$10,000
2,000
1,000
2,000
5.000
5.000

$11,900
2,030
1,010
2,050
5,750
5,290

$25,000

$28,030 00

Amount Invested.

$10,000
2,000
1,000
2,000
5.000
5.000

00
00
00
00
00
00

00
00
00*
00
00
00

$25,000 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

19
53

Par Value.

Adams’ N’l B’k, North Adams,
Berkshire N’l B’k, No. Adams,

Estimated
Market Value.

Amount Invested.

$1,900
5,300

$2,280 00
5,989 00

$1,900 00
5,300 00

$7,200

$8,269 00

$7,200 00

Total Amount o f Loans , with Each Specified Rate of Interest.

Amount.

$455,175 91

Bate.

5 per cent.

Amount.

$5,700 00

Kate.

Amount.

5£ per cent.

$153,692 75

Kate.

6

per cent.

Amount invested in real estate for banking p u rp o se s,....................................... $60,480 90
70,000 00
36,000 00
3,339 51

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, 1895,
.
.
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 same...........................................................................................
Net income received from same during year ending Oct. 31, 1895,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 306
Aggregate amount of the s a m e , ..............................................................................
Total number o f loans upon real e s t a t e , ................................................. 265
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 5 , .....................................................................
Times for the dividends fixed by the by-laws : June 1 and December 1.


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

4,185

40

1,125 00
93 35
326,459 11

32,341 18

268

REPORT OF THE

[Pub. Doc,

Hoosac Savings Bank — Concluded.
Rate and amount of each semi-annual dividend / 2 per cent., $11,060 37 ?
$23,056 51
during the year ending Oct. 31, 1895,
.
1 2 per cent.,
11,996 14 )
Number of accounts opened during the year ending Oct. 31, 1895,
1,010
Number of accounts closed during the year ending Oct. 31, 1895,
. 665
Total number of open accounts Oct. 31, 1895,
.
.
.
.
3,499
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes).............................................................................................................
3,692 39
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , .................................................................................................
347,728 64
Number of s a m e , ..................................................................................................5,971
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 5 , .....................................................................................................................
Number of s a m e , ..................................................................................................3,064
Date of examination by commissioner : June 10.


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

255,874 65

No. 8.]

269

SAVINGS BANK COMMISSIONERS.

H O P K IN T O N S A V IN G S B A M — H O P K IN TO N .
Incorporated March 23, 1867.
L o w e l l B . M a y b r y , P r e s id e n t .
F red A. W

Present number of corporators, 33.
F red A . W

o od , T r e a s u r e r .

o o d , C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment of its fu n d s:
C h a s . L . Cl a f l i n ,
A l o n zo C o b u r n ,
C h a r le s H . M o rse,

L ow ell B. M a y b r y ,
W . A . F r a il ,
M . Y . P h ip p s .

Open for business every business day, except Sathrday, 9
Saturday, 9 a . m . to 12 m .

a .m .

to 12

m.

;

1.30 to 4

p .m .

;

B a la n c e S h e e t O c tober 31, 1895.

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 by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
In s u r a n c e ,.......................................
Cash on hand,
.
.
.
.

$24,500 00
56,145 00
1 0 0 ,0 2 0 00
811 11

$356,142 84
16,373 12

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

12,405 66

177,822 50
1,500 00
22,169 73
1 ,0 0 0 00

834 22
15 00
104 06
$384,921 62

$384,921 62

Cash on Deposit in Bank : —
Hopkinton National Bank, H o p k i n t o n , ........................................................... $23,169 73*

Detailed Statement o f Public Funds.

Par Value.

$5,000
3,500
5.000
6.000
5,000

City of Bangor, Me., 6s, .
of Belfast, Me., 6s, .
of Dayton, Ohio., 4s,
of Portland, Me., 6s,
County of Aroostook, Me , 4£s,

$24,500

Estimated
Market Value.

$5,925
3,710
5,000
7,500
5,250

Amount Invested.

00
00
00
00
00

$27,385 00

* This amount has since heen reduced within the legal limit,

f Legal investments when made.


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

$5,000
3,500
5.000
6.000
5,000

00
00f
00f
00
00f

$24,500 00

[Pub. Doc

REPOET OF THE

270

Hopkinton Savings B ank— Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
50
61
50
25
15
16
50
15
13
10
38
40
60
25
5
10

Estimated

Par Value.

Greylock National B’k, Adams,
Atlantic National B’k, Boston,
Atlas National Bank, Boston, .
Continental Nat’l B’k, Boston,
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston,.
Howard Nat’l Bank, Boston, .
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Revere Bank, Boston,
North National Bank, Boston,
Shawmut N’l Bank, Boston, .
Franklin N’l Bank, Franklin, .
Natick National Bank, Natick,
Quinsigamond National Bank,
Worcester, .
.
.
.

Market Value.

$1,500
6,300
7,503
5,400
2,000
1,995
1,552
6,050
2,280
1,378
1,250
3,529
4,200
6,600
2,750
600

$1,000
5,000
6,100
5,000
2,500
1,500
1,600
5,000
1,500
1,300
1,000
3,800
4,000
6,000
2,500
500

00
00
00
00
00
00
00
00
00
00
00
25
00
00
00
00

Amount Invested.

$1,500
6,250
7,015
5,400
2,500
1,950
1,600
5,750
1,950
1,300
1,250
3,800
4,600
6,600
2.750
500

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

1,000

1,400 00

1,430 00

$49,300

$56,287 25

$56,145 00

Detailed Statement o f Railroad Bonds.
Estimated

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R R. 4s,
Boston & Maine R.R. 4s, .
Boston, Revere Beach & Lynn R.R 6s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Nashua & Lowell R R. 5s,
Newport & Richford R.R. 5s, .
Old Colony R.R. 6s,.
Portland & Rumford Falls R.R. 5s,
Salem & Lowell R.R. 6s,.
St. Johnsbury & Lake Champlain
R.R 5 s,...........................................


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

$10,500
10,500
5,200
10,300
10,400
10,550
10,450
10,500
2,020
5,200
10,500

$10,000
10,000
5,000
10,000
10,000
10,000
10,000
10,000
2,000
5,000
10,000
6,000
$98,000

*

Market Value.

00
00
00
00
00
00
00
00
00
00
00

7,140 00

Amount Invested.

$10,712
10,000
5,000
10,000
10,000
10,185
10,000
10,000
2,000
5,237
10,000

50
00
00
00
00
00
00
00*
00
50
00

6,885 00

$103,260 00 $100,020 00

A legal investment when made.

No. 8.]

SAYINGS BANK COMMISSIONERS.

271

Hopkinton Savings Bank— Concluded.
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.

$22,169 73
4,000 00

Kate.

2^

per cent.

Amount.

$85,500 00
27,650 00

Kate.

5 per cent.
5è
«

Amount.

$62,172 50

Rate.

6

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 ,. 164
Aggregate amount of the same......................................................................................
Total number of loans upon real estate,.......................................................... 177
Amount o f 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 5 , ..............................................................................
Times for the dividends fixed by the b y-la w s: first Saturday in M ay
and November.
Rate and amount of each semi-annual dividend 1 2 per cent.,
$6,965 37 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
6,965 08 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 129
Number of accounts closed during the year ending Oct. 31, 1895,
. 136
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,153
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of ta x e s ),............................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895..............................................................................................................
Number o f s a m e , ................................................................................................. 684

per cent.

$811 11
1,050 00
112,622 50
811 11
20,581 77

non 45
’

1 ,5 7 4 01

54,019 70

Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , ..................................................................................................968
Date of examination by commissioner : March 15.


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Federal Reserve Bank of St. Louis

73,705 89

[Pub. Doc.

REPORT OF THE

272

H U D SO N S A V IN G S B A N K — H U D SO N .

Incorporated Feb. 26, 1869.

Present number of corporators, 38.

E d m u n d M . S t o w e , P r e s id e n t .

D a n ie l W . Str at to n , T rea su rer.

F r e d 0 . W e l s h , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
E d m und M . St o w e ,

J o s e p h S. B r a d l e y ,

H orace E . St o w e ,

L u m a n T . Je fts,

G eorge B . Co c h r a n .

Open for business every business day, except Saturday, 9 a . m . to 12
9 a . m . to 12 m ; 1 to 5 p . m . ; 6 to 8 p . m .

Balance

Sh e e t O c t o b e r

. ; Saturday,

31, 1895.

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,
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 interest,
Expense account,
Cash on hand.....................................

m

$100,400 00
68,700 00
1 ,0 0 0 00

97.000 00
26,653 24
411 97
498,475 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Uncompleted mort­
gage loans, .

$805,419 43
21,300 00
4,123 07
18,844 42
1,300 00

8 ,0 0 0 00

42.000 00
7 ,0 0 0 00

58 42
122 10

1,166 19
$850,986 92

$850,986 92

Cash on Deposit in Banks, amount in each: —
Old Colony Trust Company, Boston,
Hudson National Bank, Hudson,

.

$2,142 19
4,916 23

Loans on Bank Stock, amount on each : —
On 8 shares Hudson National Bank, Hudson,
.
On 6 shares National Rockland Bank, Roxbury,


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Federal Reserve Bank of St. Louis

$500 00
500 00

No. 8.]

273

SAYINGS BANK COMMISSIONERS

Hudson Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Brockton, Mass., 4s,
of Chelsea, Mass , 4s,
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s, .
of Fall River, Mass , 5s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 5s,
of Marlborough, Mass., 4s,
of Springfield, Ohio, 5s, .
of Taunton, Mass., 4s,
Town of Chicopee, Mass., 4s, .
of Clinton, Mass., 4s,
of Metrose, Mass , 4s, .

$25,400
5,000
5,000
7,000
5,000
2,000
5,000
10,000
5,000
5,000
4,000
12,000
10,000

Estimated
Market Value.

$26,529
5,350
5,200
7,000
5,850
2,080
5,500
10,700
5,725
5,000
4,220
12,360
10,425

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

Amount Invested.

$25,400
5,000
5,000
7,000
5,000
2,000
5,000
10,000
5,000
5,000
4,000
12,000
10,000

00
00
00*
00*
00
00
00
00
00
00
00
00
00

$100,400 $105,939 00 $100,400 00
*

Legal investments when made.

No. of
Shares.

1
I

Detailed Statement o f Bank Stocks.

23 Blackstone N’l B’k, Boston, .
25 Boston National Bank, Boston,
25 Howard Nat’l Bank, Boston, .
25 Market Nat’l Bank, Boston,
25 Merchants’ N’l Bank, Boston, .
10 N’l B’k of Commerce, Boston,
50 N’l B’k of No. America, Boston,
35 N’l Hide & Leather B’k, Boston,
25 National Union Bank, Boston,
20 Nat’l Webster Bank, Boston, .
25 North National Bank, Boston,
37 Old Boston N’l Bank, Boston,
4 Shoe & Leather N’l B’k, Boston,
60 State National Bank, Boston, .
60 Third National Bank, Boston,
20 Tremont Nat'l Bank, Boston, .
52 First National Bank, Chelsea,
75 Hudson Nat’l Bank, Hudson, .
50 National City Bank, Lynn,
50 People’s N’l B’k, Marlborough,


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Federal Reserve Bank of St. Louis

Par Value.

$2,300
2,500
2,500
2,500
2,500
1,000
5,000
3,500
2,500
2,000
2,500
3,700
400
6,000
6,000
2,000
5,200
7,500
5,000
5,000
$69,600

Estimated
Market Value.

$2,294
2,500
2,425
2,000
4,003
1,110
5,337
3,718
3,371
2,080
2,628
4,042
364
6,727
5,460
1,780
5,512
8,850
9,000
5,750

25
00
00
Ou
12
00
50
75
88
00
13
25
00
50
00
00
00
00
00
00

$78,954 38

Amount Invested.

$2,200
2,500
2,500
2,000
2,500
1,000
5,000
3,500
2,500
2,000
2,500
3,700
400
6,000
6,000
1,700
5,200
7,500
5,000
5,000

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

$68,700 00

274

REPORT OF THE

[Pub Doc.

Hudson Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 5s,
Boston & Maine R.R. 4s, .
Boston,Revere Beach &Lynn R.R. 6s,
Cheshire R.R. 6s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 5s, .
Old Colony R.R. 6s,.
Upper Coos R.R. 4£s,
Troy & Boston R.R. 7s, .
St. Johnsbury & Lake Champlain
R.R. 5s,.

$5,000
16,000
10,000
5,000
10,000
5,000
20,000
6,000
10,000
5,000
5,000

Estimated
Market Value.

$5,200
16,720
10,300
5,250
10,400
6,000
21,410
6,180
10,900
7,250

Amount Invested.

00
00
00
00
00
00
00
00
00
00

$5,000
16,000
10,000
5,000
10,000
5,000
20,000
6,000
10,000
5,000

00
00
00
00
00
00
00
00
00
00

5,950 00

5,000 00

$97,000 $105,560 00

$97,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$ 7 ,0 0 0 00
9,000 00
33,000 00

Kate.

2

4
4£

per cent.
“

Amount.

Kate.

$257,050 00
170,125 00
78,800 00

5 per cent.
64
“
6
“

Amount.

$750 00
750 00

Kate.

7 per cent.
74
“

Amount invested in real estate for banking purposes, .
.
.
.
.
Estimated value of the s a m e , ...............................................................................
Assessed value of the same (land o n l y ) , ...........................................................
Value, by books, of other real estate held or owned by foreclosure or other­
wise,
..............................................................................................................................
Assessed value of the same.............................................................................................
Net income received from same during year ending Oct. 31, 1895,
Number o f loans which are of an amount not exceeding $3,000 each ,. 297
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 321
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1895.................................................................. .........

$26,653 24
26,653 24
8,600 00
411 97
550 00
37 75
269,900 00

39,398 15

Times for the dividends fixed by the by-laws : third Wednesday in Jan­
uary and July.
Rate and amount o f each semi-annual dividend { 2 per cent., $14,698 08 1
during the year ending Oct. 31, 1895,
.
. f 2 per cent.,
15,155 84 i
Number of accounts opened during the year ending Oct. 31, 1895,
471
Number of accounts closed during the year ending Oct. 31, 1895,
348
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,677


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Federal Reserve Bank of St. Louis

29,853 92

No. 8.]

SAYINGS BANK COMMISSIONERS.

275

Hudson Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
...........................................................................................................$1,796 01
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 , ..................................................................................................
165,315 00
Number of same, .........................................................................................2,493
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of same, .
.................................................................... ......... • 1,919
Date of examination by commissioner : March 19.


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Federal Reserve Bank of St. Louis

&

157,668 66

276

REPORT OF THE

[Pub. Doc

H Y D E P A R K S A V IN G S B A N K — H Y D E PA R K .

Incorporated March 8 , 1871.

Present number of corporators, 35.

R o b e r t B l e a k i e , P r e s id e n t .

A r th u r H . B u r t , T rea su rer.

A r t h u r H . B u r t , C le r k o f th e C o r p o r a tio n .

%

Names of committee charged with the investment of its fund s:
R obert B l e a k ie ,

W i l l i a m J. S t u a r t ,

H e n r y S. B unton,

D a v id P e r k in s ,

F r e d e r ic k N . T ir r e l l .

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 ctober

A ssets .

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, .
Expense account,
Cash on hand,
.
.
.
.

31, 1895.

L iab ilit ies .

$30,016
106,000
2,159
240,707
65,473
35,800
38,891
543
6,674

00
00

24
90
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$481,900 62
18,467 22
10,397 61
15,499 88

00
42
07
70

$526,265 33

$526,265 33

Cash on Deposit in Banks, amount in each: —
National Exchange Bank, B o s t o n , .....................................................................$19,914 07
North National Bank, B o s t o n , ...............................................................................
18,977 35


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

No. 8.]

SAVINGS BANK COMMISSIONERS

2 77

Hyde Park Savings Bank — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks.

30
16
20
13
10
21
20
31
13
20
19
13
17
11
6
27
14

Par Value.

Boston National Bank, Boston,
Columbian Nat'l Bank, Boston,
Continental N’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat'l Bank, Boston, .
Merchants’ Nat'l Bank, Boston,
N’l B’k of Commerce, Boston,
N’lB ’kofNo America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
North Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
State Nat’l Bank, Boston,
First N’l Bank, Newburyport,

$3,000
1,600
2,000
1,300
1,000
2,100
2,000
3,100
1,300
2,000
1,900
1,300
1,700
1,100
600
2,700
1,400
$30,100

Estimated
Market Value.

$3,000
1,600
2,160
1,300
1,070
2,037
3,100
3,441
1,387
2,420
2,888
1,625
1,802
1,155
1,074
3,024
1,764

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

$34,847 75

Amount Invested.

$3,000
1,600
2,000
1,300
1,000
2,016
2,000
3,100
1,300
2,000
1,900
1,300
1,700
1,100
600
2,700
1,400

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

$30,016 00

Detailed Statement o f Railroad Bonds.
.

.

Boston & Albany R.R. 4s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg B.R. 5s..............................
Maine Central R.R. 7s, .
Old Colony R.R. 6s,.
St. Johnsbury & Lake Champlain
R.R. 5s.............................................
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,


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

Par Value.

$11,000
5,000
5,000
8,000
10,000
29.000
5,000
18,000
10,000
5,000

Estimated
Market Value.

$11,550
5,225
5,350
8,600
10,440
39,440
5,150

00
00
00
00
00
00
00

21,420 00
10,100 00
5,200 00

Amount Invested.

$11,000
5,000
5,000
8,000
10,000
29,000
5,000

00
00
00
00
00
00
00

18,000 00
10,000 00
5,000 00

$106,000 $122,475 00 $106,000 00

KEPORT OF THE

278

[Pub. Doc.

Hyde Park Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate of Interest.

Amount.

$38,891 42
35,800 00
16,000 00

Kate.

2

4

per cent.
“

Rate.

Amount.

$40,800 00
32,000 00
211,580 90

5 per cent.
5£
“
“

6

Amount.

$3,000 00
500 00
2,300 00

Rate.

6£

per cent.

7
8

“

Value, by books, of real estate held or owned by foreclosure or otherwise,
$2,159 24
Assessed value of the s a m e ,........................................................................................
2,325 00
Number of loans which are of an amount not exceeding $3,000 each ,. 174
Aggregate amount o f the s a m e , ..............................................................................
200,475 90
Total number of loans upon real e s t a t e , .................................................165
Amount of investments from which no income is received,.
.
2,159 24
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct 31, 1895,
.
.
.
.
.
.
.
.
.
25,401 53
Times for the dividends fixed by the by-laws : January 15 and July 15.
Rate and amount of each semi-annual dividend f 2 per cent., $7,424 81 1
15,422 11
during the year ending Oct. 31, 1895,
.
. 1 2 per c e n t,
7,997 30 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 616
Number of accounts closed during the year ending Oct. 31, 1895,
. 330
Total number of open accounts Oct. 3 !, 1895........................................
2,860
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes),
..................................................................................................
1,814 36
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
205,374 81
Number of same............................................. ................................................ 4,436
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
153,681 29
Number of s a m e , .........................................................................................2,971
Date of examination by commissioner: January 8 .


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Federal Reserve Bank of St. Louis

No. 8.]

279

SAYINGS BANK COMMISSIONERS

IN S T IT U T IO N FOR SA V IN G S IN

N E W B U R Y P O R T AN D

ITS V IC IN IT Y — N E W B U R Y P O R T .

Incorporated Jan. 31, 1820.

Present number of corporators, 87.

E d w a r d S . M o s e l y , P r e s id e n t .

L a w r e n c e W . P ip e r , T rea su rer.

G e o r g e F . A v e r y , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
E d w a r d S. M o s e l y ,

Sa m u e l M a r c h ,

W il l ia m H . S w a s e y ,

H e n r y B. L it t l e ,

L . B. C u s h in g .

Open for business every business day, except Saturday, 9 a . m . to 1 p .m . ; 2.30 to 4 r.M .
Saturday, 9 a .m . to 1 p . m .

B a l a n c e Sh ee t O ctober

31, 1895.
L ia b ilit ie s .

$1,321,000 00
Public funds as per schedule,
923,470 00
Bank stock as per schedule,
15,580 00
Loans on bank stock, .
929.000 00
Railroad bonds as per schedule,
Real estate (for banking pur­
10,000 CO
poses),
.......................................
531 80
Real estate by foreclosure,.
830,947 00
Loans on real estate, .
.
1,602,690 55
Loans on personal security,
Loans to counties, cities or towns
218.000 00
( n o t e s ) , .......................................
154,955 93
Deposits in banks, on interest, .
1,558 19
Cash on hand,
.
.
.
.
$6,007,733 53

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$5,647,138 58
285,000 00
75,594 95

$6,007,733 53

Cash on Deposit in Banks, amount in each: —
National Bank, Amesbury, .
.
................................................. $10,000 00
National Revere Bank, B o s t o n , ...............................................................................
30,147
Martha’s Vineyard National Bank, E d ga rtow n ,.................................................
10,000
Essex National Bank, H a v e rh ill,...............................................................................
25,000
First National Bank, I p s w i c h , ..............................................................................
10,000
First National Bank, N e w b u r y p o r t ,.....................................................................
44,808
Mechanicks’ National Bank, Newburyport,...........................................................
25,000
A m esbu ry


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Federal Reserve Bank of St. Louis

58
00
00
00
35
00

[Pub. Doc

REPORT OF THE

280

Institution for Savings in Newburyport, etc. — Continued.
Loans on Bank Stock, amount on each : —
On
On
On
On

3 shares Mechanicks’ National Bank, Newburyport,
1 share Mechanicks’ National Bank, Newburyport,
4 shares Columbian National Bank, Boston,
78 shares Merchants’ National Bank, Newburyport,

On
On
On
On

75
36
25
22

shares
shares
shares
shares

$230 00
450 00

1,000 00
7.000 00

Fourth National Bank, Boston,
Second National Bank, H averhill,.
Somerville National Bank, Somerville, .
Ocean National Bank, Newburyport,
.

6.000 00
900 00

Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 7s, .
of Boston, Mass., 3£s,
of Boston, Mass.. 4s,
of Chelsea, Mass ,4s,
of Chicopee, Mass , 4 s , .
of Dayton, Ohio, 5s,
of Dover, N. H., 4s,.
of Everett, Mass , 4s,
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 6s,
of Lawrence, Mass., 4s, .
of Lewiston, Me., 6s,
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Lynn, Mass., 3|s,
of Nashua, N. II., 4s,
of Newburyport, Mass., 4s,
of Portsmouth, N. II., 4s,
of Salem, Mass , 4s,.
of Somerville Mass., 4s,.
of Springfield, Mass, 7s,.
of Waltham, Mass., 4s. .
of Worcester, Mass , 3£s,.
Town of Beverly, Mass., 4s, .
of Marlborough, Mass., 4s, .
of Marblehead, Mass., 4s,
of Stoughton, Mass., 4s,
of Turner's Falls, Mass., 4s,.
County of Aroostook, Me., 4^s,
of Middlesex, Mass., 4s,


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Federal Reserve Bank of St. Louis

$25,000
50,000
150,000
32,000
50,000
15,000
20,000
25,000
75,000
25,000
55,000
10,000
20,000
75,000
25,000
25,000
207,000
50,000
40,000
11,000
40,000
19,000
25,000
14,000
31,000
52,000
50,000
10,000
45,000
50,000

Estimated
Market Value.

$27,500
51,500
164,750
34,400
52,250
15,600
20,800
26,375
79,437
27,375
56,850
11,160
20,500
78,125
24,875
25,500
214,525
50,750
40,400
11,165
48,400
19,380
25,000
14,560
32,395
54,455
52,250
10,475
47,250
50,500

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

Amount Invested.

$25,000
50,000
150,000
32,000
50,000
15,000
20,000
25,000
75,000
25,000
55,000
10,000
20,000
75,000
25,000
25,000
207,000
50,000
40,000
11,000
40,000
19,000
25,000
14,000
31,000
52,000
50,000
10,000
45,000
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
00*
00

$1,321,000 $1,388,492 00 $1,321,000 00
*

Legal investments when made.

No. 8.]

281

SAYINGS BANK COMMISSIONERS

Institution for Savings in Newburyport, etc. — Continued.

Ko. of

Shares.

Detailed Statement o f Bank Slocks.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston,
Columbian N’l Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
First National Bank, Boston, .
Freeman’s Nat'l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Hancock Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston,.
N’l B’k of Commerce, Boston,.
National Bank of the Common­
wealth, Boston,
60 N’l B'k of No. America, Boston,
258 N’l B’k of Redemption, Boston,
108 National City Bank, Boston, .
286 National Eagle Bank, Boston,
100 Nat’l Exchange Bank, Boston,
150 N’l Hide & Leather B’k, Boston,
375 National Revere Bank, Boston,
208 National Union B’k, Boston, .
133 Nat’l Webster Bank, Boston, .
100 New England N’l B’k, Boston,
302 North National Bank, Boston,
100 Old Boston Nat’l Bank, Boston,
480 Second Nat’l Bank, Boston,
200 Shawmut N’l Bank, Boston, .
400 Shoe & Leather N’l B’k, Boston,
69 State National Bank, Boston, .
225 Suffolk Nat’l Bank, Boston,
500 Tremont Nat’l Bank, Boston, .
353 Washington N’l Bank, Boston,
60 Gloucester N’l B'k, Gloucester,
14 First Nat’l B’k, Newburvport,
108 Mechanicks’ Nat’l Bank, New­
bury port,
.
.
.
.
1226 Merchants’ Nat’l Bank, Newburyport,
.
.
.
.
105 Ocean N’l B’k, Newburyport,.
122
750
31
37
300
74
240
100
270
142
250
280
267
508
83
173
221
500


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$12,200
75,000
3,100
3,700
30,000
7,400
24,000
10,000
27,000
14,200
25,000
28,000
26,700
50,800
8,300
17,300
22,100

$15,372
92,250
3,093
3,700
30,000
9,842
31,920
23,900
24,300
12,070
26,750
23,800
25,899
40,640
7,055
26,815
24,531

$12,200
75,000
3,100
3,700
30,000
7,400
24,000
10,000
27,000
14,200
25,000
28,000
26,700
50,800
8,300
17,300
22,100

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

50,000
6,000
25,800
10,800
28,600
10,000
15,000
37,500
20,800
13,300
10,000
30,200
10,000
48,000
20,000
40,000
6,900
22,500
50,000
35,300
6,000
1,400

69,500
6,405
31,218
8,748
23,666
12,500
15,900
34,828
28,054
13,832
15,900
31,710
10,900
85,920
22,000
36,400
7,728
23,569
44,500
38,124
8,100
1,806

50,000
6,000
25,800
10,800
28,600
10,000
15,000
37,500
20,800
13,300
10,000
30,200
10,000
48,000
20,000
40,000
6,900
22,500
50,000
35,300
6,000
1,400

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

10,800

13,932

10,800 00

24,520
5,250

30,650
5,250

24,520 00
5,250 00

$923,470

$1,043,077 $923,470 00

[Pub. Doc.

REPORT OF THE

282

Institution for Savings in Hewburyport, etc. — Continued.
Detailed Statement of Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 44s,
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R.R. 4 s,.
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4is, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central & European & North
American R.R. 4s,
. . .
Old Colony R.R. 4s,.
Penobscot Shore Line R.R. 4s,
Vermont & Massachusetts R.R. 5 s,.
Worcester, Nashua & Roch. R.R. 4s,

Estimated

Amount Invested.

Market Value.

$25,000
100,000
5,000
30,000
85,000
150,000
15,000
50,000
75,000
80,000
25,000
24,000

$26,375
103,250
5,050
31,350
98,175
156,000
15,300
60,000
75,250
80,800
26,000
24,240

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

$25,000
100,000
5,000
30,000
85,000
150,000
15,000
50,000
75,000
80,000
25,000
24,000

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

15,000
135,000
50,000
25,000
40,000

15,450
143,700
51,000
26,750
41,600

00
00
00
00
00

15,000
135,000
50,000
25,000
40,000

00
00
00
00
00

$929,000

$980,290 00

$929,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Kate.

Amount.

$ 1 0 0 00

30,147 58
44,808 35
25,000 00

0
2

1 0 0 ,0 0 0 00

per cent.

Vo
24
3 tV

“
“
“

Kate.

Amount.

$189,000
155.000
23,000
1,163,000
336.000

00
00
00
00
00

34 per cent.
H

“

3i
4
4|

“
“
“

Amount.

$116,500
485,033
49,891
104,692

Kate.

00
75
80
00

44 per cent.
5
“
54
“
6
“

Amount invested in real estate for banking p urposes,........................................$10,000 00
Estimated value of the sam e ,........................................................................................
19,500 00
Assessed value of the s a m e , .........................................................................................
19,500 00
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,......................................................................................................................
531 8 6
Assessed value of the s a m e , .........................................................................................
Number of loans which are of an amount not exceeding $3,000 each ,. 450
Aggregate amount o f the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 468
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, 1 8 9 5 , ...............................................................................
Times for the dividends fixed by the by-law s: fourth Wednesday in April
and October.


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Federal Reserve Bank of St. Louis

450 00
460,938 80
631 86
253,803 88

No. 8.]

SAYINGS BANK COMMISSIONERS.

Institution for Savings in Newburyport, etc.

283

— C oncluded.

Rate and amount of each semi-annual dividend f 2 per cent., $107,769 12

I $216,687 53

during the year ending Oct. 31, 1895,
.
. t 2 per cent., 108,918 41
Number of accounts opened during the year ending Oct. 31, 1895,
1,110
Number of accounts closed during the year ending Oct. 31, 1895,
899
Total number of open accounts Oct. 31,1895,
.
.
.
.
11,784
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes)..............................................................................................................
Amount of deposits, not including dividends, received during the year end­

8,523 06

ing Oct. 31, 1 8 9 5 ,...........................................................................................................
Number of s a m e , ..................................................................................................6,022
Amount of withdrawals, including dividends, during the year ending Oct.

583,251 59

31, 1895...............................................................................................................................
Number of same,
.
7,173
Date of examination by commissioner: October 31.

666,110 29


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Federal Reserve Bank of St. Louis

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

No. 8.]

SAYINGS BANK COMMISSIONERS

285

Institution for Savings in Roxbury and its Vicinity — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass , 4s,
of Chelsea, Mass., 4s,
of Duluth, Minn., 6s,
of Fall River, Mass., 4s, .
of Fitchburg, Mass., 4s, .
of Grand Rapids, Mich , 5s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 4s, .
of Medford, Mass., 4s,
of Quincy, Mass., 4s,
of Rutland, Vt., 4s, .
of Waterbury, Conn., 4s,
Town of Arlington, Mass., 4s,
of Billerica, Mass., 4s, .
of Reading, Mass., 4s, .
County of Hillsborough, N. H., 4s,
United States 4s,
. . .

Estimated
Market Value.

Amount Invested.

|186,000 $199,795 00 $186,000 00
50,000
52,000 00
50,000 00
9,000
9,135 00
9,000 00*
16,000
17,280 00
16,800 00
100,000
105,000 00
100,000 00
50,000
50,750 00
50,000 00
25,000
26,000 00
25,000 00
160,000
165,135 00
160,000 00
85,000
36,750 00
36,700 00
8,000
3,000 00
3,000 00
50,000
52,500 00
53,000 00
25,000
26,250 00
25,000 00
45,000
47,700 00
48,000 00
29,000
30,450 00
30,500 00
19,000
19,950 00
20,000 00
40,000
41,200 00
40,000 00
50,000
60,500 00
59,750 00
$892,000 $943,395 00 $912,750 00

*

The bank has been notified that this investment is illegal and must be eliminated from its assets.

Xo. of
Shares.

Detailed Statement o f Bank Stocks.

50 Atlantic Nat’l Bank, Boston, .
60 Atlas National Bank, Boston,
200 First National Bank, Boston, .
30 Hamilton Nat’l Bank, Boston,.
5 Howard Nat’l Bank, Boston, .
25 Market National Bank, Boston,
15 N’l B’k of Commerce, Boston,
21 N’l B'k of the Republic, Boston,
37 National Eagle Bank, Boston,.
150 Nat’l Revere Bank, Boston,
173 Nat’l Rockland Bank, Boston,
257 North National Bank, Boston,
210 People’s Nat’l Bank, Boston, .
55 Second Nat’l Bank, Boston,
8 Shoe & Leather N’l B'k, Boston,
52 State National Bank, Boston,
9 Suffolk National Bank, Boston,
50 Third National Bank, Boston,
32 Tremont Nat’l Bank, Boston, .
510 Washington N’l Bank, Boston,


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Federal Reserve Bank of St. Louis

Par Value.

$5,000
6,000
20,000
3,000
500
2,500
1,500
2,100
3,700
15,000
17,300
25,700
21,000
5,500
800
5,200
900
5,000
3,200
51,000

Estimated
Market Value.

$6,300
7,380
48,000
3,210
460
2,000
1,680
3,192
3,071
13,500
24,739
27,499
31,500
9,790
728
5,824
945
4,550
2,848
55,080

00
00
00
00
00
00
00
00
00
00
00
00
CO
00
00
00
00
00
00
00

Amount Invested.

$5,000 00
6,000 00
20,000 00
3,580 00
606 25
2,500 00
2,000 00
2,698 87
4,144 00
15,000 00
19,430 00
25,680 47
21,000 00
5,500 00
872 00
5,993 00
1,070 25
5,000,00
3,762 75
58,729 50

$194,900 $252,296 00 $208,567 09

286

REPORT OF THE

[Pub. Doc.

Institution for Savings in Roxbury and its V ic in ity — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
.
Boston & Lowell R.R. 4s,
,
Boston & Maine R.R. 4£s,
Concord & Claremont R.R. 4£s,
Concord & Montreal R.R. 4s, .
Danbury & Norwalk R.R. 5s, .
Fitchburg R.R 4s, .
Fitchburg R.R. 4£s, .
Fitchburg R.R. os, .
Maine Central R.R. 4s,
Manchester & Lawrence R.R. 4s, .
New Haven & Derby R R. 6s,
Old Colony R.R. 4s,
. . .
Sullivan County R.R. 4s, .
Worcester, Nashua & Roch. R.R. 4s,

$25,000
105,000
100,000
50,000
75,000
25,000
150,000
257,000
100,000
25,000
50,000
25,000
100,000
25,000
50,000

Estimated
Market Value.

$26,250
107,930
115,500
53,500
78,000
28,500
150,750
259,570
107,000
25,250
52,000
27,000
107,800
26,000
52,250

Amount Invested.

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

$26,000
106,000
100,000
50,000
75,000
25,000
140,000
257,000
100,000
25,000
50,000
25,000
100,000
25,000
50,000

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

$1,162,000 $1,217,300 00 $1,154,000 00

Total Amount of Loans, with Each Specified Rate of Interest.
Rate.

Amount.

$260,979 77
15.000 00
2,500 00

2

per cent.

3

1 0 0 ,0 0 0 00

u
3 _7L

“
«

2 0 0 ,0 0 0 00

H

“
“

55.000 00

„ jb

3|

Amount.

$270,000
35,000
910.000
203.000
675,300
15,500

00
00
00
00
00
00

Rate.

Amount.

Rate.

3| per cent.
3J
«
4
«
H
“

$1,435,789 20

5 per cent.
5|
5è
“
6
“

6 ,0 0 0 00

52,281 96
61,350 00

4 i

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, 1895,
.
Number of loans which are of an amount not exceeding $3,000 each,
310
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 523
Gross amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ...............................................................................
Times for the dividends fixed by the by-law s: third Wednesday in April
and October.

$2,500 00
2,500 00
82 62
551,077 00

270,980 06

Rate- and amount of each semi-annual dividend f 2 per cent., $114,595 26 1 2 3 2 050 53
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 117,455 27 J
’
Number of accounts opened during the year ending Oct. 31, 1895,
2,713
Number of accounts closed during the year ending Oct. 31, 1895,
1,948
Total number of open accounts Oct. 31, 1895,
.
.
.
.
15,693


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

287

Institution for Savings in Roxbury and its Vicinity — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................

$12,427 65

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................

1,321,930 24

Number of s a m e , ........................................................................................ 17,497
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , .........................................................................................14,406
Date of examination by commissioner : August 15.


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Federal Reserve Bank of St. Louis

1,180,790 70

REPORT OF THE

288

[Pub. Doc

IP S W IC H S A V IN G S B A N K — IP S W IC H .

Incorporated March 20, 1869.

Present number of corporators, 23.

J o s e p h R oss , P r e s id e n t .

T h eo dore F . C o g g s w e l l , T rea su rer.

T h e o d o r e F . C o g g s w e l l , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:
J. B. G r a n t ,
C. A . S a y w a r d ,

W il l ia m W il l c o m b ,
R o b e r t Jo r d a n ,

T homas H. L or d.

Open for business every business day, 8.30

a .m

. to 12.30 p .m . ; also Saturday, 3 to 5 p . m .

B a la n c e Sh e e t O cto ber

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 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, .
Cash on hand,
.
.
.
.

31, 1895.

$97,000
61,521
91,000
2,275
254,812
4,840

00
00
00

Deposits, .
Guaranty fund,
Interest account,

$529,870 99
14,250 00
6,546 55

16
00
00

1 0 ,0 0 0 00

24,891 40
4,327 98
$550,667 54

$550,667 54

Cash on Deposit in Banks, amount in each: —
Fourth National Bank, B o s t o n ,.............................................................................. $10,791 02
First National Bank, Ipswich......................................................................................
6,253 69
First National Bank, S a l e m , ...............................................................................
2,880 67
Merchants’ National Bank, S a l e m , .....................................................................
4,963 02


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

289

Ipswich Savings B an k — Continued.
Detailed ¡Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of East Saginaw, Mich., 4£s, .
of Haverhill, Mass., 4s, .
of Keene, N. H., 5s,.
of Lewiston, Me , 5s,
of Lynn, Mass., 4s, .
of Northampton. Mass., 4s,
of Providence, R. I., 5s, .
of Salem, Mass., 4s,

f 10,000
5,000
35,000
2,500
2,000
5,000
12,500
5,000
20,000
$97,000

Estimated
Market Value.

$11,300
5,500
36.750
2,650
2,300
5,400
13,500
5,450
21,400

00
00
00
00
00
00
00
00
00

$101,250 00

Amount Invested.

$10,000
5,000
35,000
2,500
2,000
5 000
12,500
5,000
20,000

00
00
00
00
00
00
00
00
00

$97,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
7
10
18
20
25
10
20
36
4
30
25
8
24
40
4
10
23
15
8
63
43
19
122
13
27
21

Par Value.

Atlas National Bank, Boston,
Blaekstone N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freeman’s Nat'l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard 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,
National Revere Bank, Boston,
Nat’l Union Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Gloucester N’l B’k, Gloucester,
First Nat l Bank, Ipswich,
N’l Grand Bank, Marblehead,
Asiatic Nat’l Bank, Salem,
First National Bank, Salem, .
Mercantile N'l Bank, Salem, .
Merchants’ N’l Bank, Salem, .
Nat’l Exchange Bank, Salem,
Naumkeag N’l Bank, Salem, .
Salem National Bank Salem, .


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

$1,000
700
1,000
1,800
2,000
2,500
1,0''0
2,000
3,600
400
3,000
2,500
800
2,400
4,000
400
1,000
2,300
1,500
800
1,890
4,300
1,900
7,320
1,300
2,700
2,100
$56,210

Estimated
Market Value.

$1,232
701
1,080
2,340
1,805
2,128
1,072
1,880
5,769
448
3,630
3,800
720
3,240
6,360
713
890
3,105
1,500
1,(100
1,890
3,870
2,054
4,922
1,625
3,516
2,559

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

$63,849 00

Amount Invested.

$1,000
700
1,000
1,800
2,000
2,500
1,000
2,000
3,600
400
3,600
3,150
800
3,048
5,800
580
1,000
2,875
1,500
800
1,890
4,300
1,900
7,320
1,300
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
00

$61,521 00

[Pub. Doc

REPORT OF THE

290

Ipswich Savings Bank —

C oncluded.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4£s,
Boston & Lowell R.R. 5s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4is, .
.
.
.
Maine Central R.R. 4<|s, .
Old Colony R.R. 4s,.

$10,000
1,000
10,000
15.000
10.000
25.000
20.000

Estimated
Market Value.

$11,000
1,100
11,000
15.750
10,600
28.750
22,000

Amount Invested.

00
00
00
00
00
00
00

$91,000 $100,200 00

$10,000
1,000
10,000
15.000
10.000
25.000
20.000

00
00
00
00
00
00
00

$91,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$14,097 38
10,794 02
6,000 00

2
2é

3|

Kate.

Amount.

per cent.
“
“

$4,000 00
31,900 00

Kate.
4 per cent.
5
“

Amount.
$28,150 00
199,602 00

Bate.

5£ 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, 1895,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 214
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 210
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1895,
.
.
...........................................................
Times for the dividends fixed by the by-law s: fourth Wednesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend f 2 per cent., $9,684 77 )
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
9,984 75 )
Number of accounts opened during the year ending Oct. 31,1895,
. 297
Number of accounts closed during the year ending Oct. 31, 1895,
. 258
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,046
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
c l u s i v e o f t a x e s ) , ........................................................................................................................

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895,............................................................................................................
Number of s a m e , ........................................................................................ 2,005
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , ........................................................................................ 1,531
Date of examination by commissioner: March 14.


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

$2,275 16
2,480 00
130 75
185,802 00

25,419 31

^g ggg ^
’

1 ,7 3 7 0 7

114,009 47

115,235 58

No. 8.]

SAYINGS BANK COMMISSIONERS

291

L A W R E N C E S A V IN G S B A N K — L A W R E N C E .
Incorporated March 10, 1868.

H e ze k ia h P lu m m e r , P r e s id e n t .
W m . W . S pa l d in g ,

Present number of corporators, 42.

W m . W . S p a l d in g ,

T r e a su r e r .

C le r k o f th e C o r p o r a tio n .

N ames o f committee charged with the investment o f its funds :
H e z e k ia h P lu m m e r ,
R . H. T e w k s b u r y ,
J ohn It. P oor,
A . E . M a ck ,
L e w is G. H olt .

Open for business every business day, 9

. to 1 p . m . ; also Saturday, 7 to 8 p . m .

a .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,
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,
.
.
.
.

31, 1895.

L iab ilities .

$245,200
77,900
26,780
180,000

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,

$1,208,091 44
28,150 00
38,275 63

33,000 00
546,700 00
107,615 49
7,500 00
1,000 00
43,315 34
1,420 43
4,085 81
$1,274,517 07

$1,274,517 07

Cash on Deposit in Banks, amount in each: —
Arlington National Bank, Lawrence, .
Pacific National Bank, Lawrence,
.

$23,315 34
.

.

20,000 00

Loans on Bank Stock, amount on each: —
On
On
On
On
On
On

5 shares Pacific National Bank, Lawrence,
.
80 shares Methuen National Bank, Methuen,
21 shares Bay State National Bank, Lawrence,
40 shares Pacific National Bank, Lawrence, .
10 shares Lawrence National Bank, Lawrence,
140 shares Arlington National Bank, Lawrence,


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

$380 00
8,000 00
3,500 00
900 00
14,000 00

[Pub. Doc

REPORT OF THE

292

Lawrence Savings Bank — Continued.
Detailed ¡Statement o f Public Funds.

Par Value.

City of Akron, Ohio, 5s, .
of Bay City, Mich., 4s,
of Bay City, Mich., 5s,
of Bridgeport, Conn., 4s,.
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 5s, .
of Concord, N. H., 4s,
of Dayton, Ohio, 5s,.
of Dayton, Ohio, 6s,.
of Detroit, Mich., 4s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s, .
of Grand Rapids, Mich., 5s,
of Keene, N. H., 4s,
of Lowell, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, YVis., 5s, .
of Nashua, N. H., 4s,
of New London, Conn., 4s,
of Portsmouth, N. H., 4s,
of Rutland, Vt., 4s, .
of Saginaw, Mich., 4£s, .
of Springfield, Ohio, 6s, .
of Wakefield, Mass., 4s, .
of Waltham, Mass., 4s, .
Town of Danvers, Mass., 4s, .
County of Aroostook, Me., 4^s,
of Rockingham, N. H., 4s, .
United States 6s,
. . .

$16,200
10,000
2,000
5,000
10,000
6,000
9,000
10,000
5,000
5,000
20,000
2,000
5,000
10,000
11,000
1,000
7,000
14,500
5,000
5,000
15,000
5,000
5,000
10,000
15,000
5,000
7,500
20,000
3,000
1,000

Estimated
Market Value.

$16,768 00
10,100 00
2,020 00
5,250 00
10,300 00
6,060 00
9,320 00
10,525 00
5,275 00
5,475 00
20,800 00
2,320 00
5,425 00
10,400 00
11,310 00
1,025 00
7,490 00
15,270 00
5,250 00
5,300 00
15,400 00
5,150 00
5,250 00
10,600 00
15,300 00
5,050 00
7,500 00
21,000 00
3,120 00
1,000 00

Amount Invested.

$16,200 00
10,000 00
2,000 00
5,000 00
10,000 00
6,000 00
9,000 00
10,000 00*
5,000 00*
5,000 00
20,000 00
2.000 00
5,000 00
10,000 00
11,000 00
1,000 00
7,000 00
14,500 00
5,000 00
5,000 00
15,000 00
5,000 00
5,000 00
10,000 00
15,000 00
5,000 00
7,500 00
20,000 00*
3,000 00
1,000 00

$245,200 $255,053 00 $245,200 00
* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

20
20
55
24
16
95
15

Par Value.

Atlas National Bank. Boston, .
Blackstone Nafl Bank, Boston,
Central National Bank, Boston,
Eliot National Bank, Boston, .
First Ward N'l Bank, Boston,
Fourth Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .


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

$2,000
2,000
5,500
2,400
1,600
9,500
1,500

Estimated
Market Value.

$2,465
2,000
7,150
3,120
2,040
11,423
1,455

00
00
00
00
00
75
00

Amount Invested.

$2,000
2,000
5,500
2,400
1,600
9,500
1,500

00
00
00
00
00
00
00

No. 8.]

SAVINGS BANK COMMISSIONERS

293

Lawrence Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

Par Value.

56
20
27
54
23
10
103
59
54
58
40
20
10

Market Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of the Commonwealth,
Boston,..................................
N’l B’k of No America, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k,Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Arlington N’l B’k, Lawrence,
Lawrence N’l B’k, Lawrence,
%

Estimated
Market Value.

Amount Invested.

$5,600
2,000
2,700

$4,480 00
3,205 00
3,024 00

$5,600 00
2,000 00
2,700 00

5,400
2,300
1,000
10,300
5,900
5,400
5,800
4,000
2,000
1,000

7,506
2,438
810
10,943
6,136
6,102
5,278
3,560
2,500
1,200

5,400
2,300
1,000
10,300
5,900
5,400
5,800
4,000
2,000
1,000

$77,900

00
00
00
75
00
00
00
00
00
00

$86,836 50

00
00
00
00
00
00
00
00
00
00

$77,900 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R, 4s,.
Boston & Maine R.R. 4£s,
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R. 4s, .
Fitchburg R R. 5s, .
.
.
.
Fitchburg R.R. 6s..............................
Maine Central & European & North
American R R. 4s,
. . .
Old Colony R.R. 4^s,
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ...................................

$10,000
50,000
10,000
25,000
15,000
10,000
20,000
5,000

Estimated
Market Value.

$10,500
50,750
10,400
29,125
16,050
10,400
21,000
5,150

00
00
00
00
00
00
00
00

Amount Invested.

$10,000
50,000
10.000
25,000
15,000
10,()00
20,000
5,000

00
00
00
00
00
00
00
00

5,000
20,000
5,000

5,175 00
20,900 00
5,450 00

5,000 00
20,000 00
5,000 00

5,000

5,750 00

5,000 00

$180,000 $190,650 00 $180,000 00

Total Amount o f Loans, with Each Specified Rate of Interest.

Amount.

$23,315 34
2 0 ,0 0 0 00

67,500 00

Rate.

3 per cent.
3fi
“
4
»


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

Amount.

$15,300 00
378,500 00
27,780 00

Rate.

Amount.

4£ per cent.
5
“
5à
“

$197,115 49
2,600 00
800 00

Rate.

6
6i

7

per cent.
“

294

REPOET OF THE

[Pub. Doc

Lawrence Savings Bank — Concluded.
Amount invested in real estate for banking p u r p o se s,................................$33,000
Estimated value of the s a m e , ....................................................................
35,000
Assessed value of the s a m e , .............................................................................
25,500
Net income received from same during year ending Oct. 31, 1895,
.
.
1,465
Number of loans which are of an amount not exceeding $3,000 each,.
254
Aggregate amount of the s a m e , ....................................................................
297,095
Total number of loans upon real e s t a t e , ................................................. 298
Gross amount of interest or profits received or earned, as per books, dur56,982
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Kate and amount of each semi-annual dividend f 2 per cent., $19,966 84 1 ^ 2 3 4
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
21,267 34 )
’
Number o f accounts opened during the year ending Oct. 31, 1895,
1,242
Number of accounts closed during the year ending Oct. 31, 1895,
776
Total number of open accounts Oct. 31, 1895,
.
.
.
.
3,427
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..............................................................................................4,518
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ........................................................................................
392,001
Number of s a m e , ........................................................................................
7,054 *
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895.....................................................................................................................
273,775
Number of s a m e , ...................................................................................................2,944
Date of examination by commissioner: January 10.


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

00
00
00
08
00

53
1g

73
03

54

No. 8.]

SAYINGS BANK COMMISSIONERS

295

L E E S A V IN G S B A N K — L E E .

Incorporated March 5, 1852.

C harles C. B enton , P r e s id e n t.
J ohn L. K ilbon ,

Present number of corporators, 52.

J ohn L. K ilbo n ,

T rea su rer.

C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds:

C harles C. B enton ,
C. C. H olcombe ,
D e W itt S. S m ith .

Open for business every business d a y , 9

B a la n c e Sh e e t O ctober

.m .

to 3

p .m

.

31, 1895.
L ia b ilit ies .

A ssets .

Public funds as per schedule,
.
Bank stock as per schedule,
Loans on bank sto c k ,.
Railroad bonds as per schedule,
Real estate bv 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, noton interest,

a

$50,500
171,000
3,700
80,000
8,980
251,755
163,538

00
00
00

10,600
325
55,130
8,309

00

00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$732,808 96
35,600 00
35,429 15

10
00
00
00
57
44

$803,838 11

$803,838 11

Cash on Deposit in Banks, amount in each : —
Manufacturers’ Trust Company, H o ly o k e ,...........................................................$5,000 00
Lee National Bank, L e e , ........................................................................................
8,309
Pynchon National Bank, Springfield,.....................................................................
10,000
Springfield National Bank, S p r i n g f i e l d , ...........................................................15,116 19
Agawam National Bank, Springfield,.....................................................................
5,000
Hampden Loan & Trust Company, Springfield.....................................................
10,000
Springfield Safe Deposit & Trust Company, Springfield....................................10,014 38


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

44
00
00
00

296

REPORT

OF

THE

[P u b . D o c

Lee Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
On 7 shares Lee National Bank, L e e , .....................................................................
On 8 shares Lee National Bank, L e e , .....................................................................
On 3 shares Lee National Bank, L e e , .....................................................................

$650 00
700 00
300 00

On 13 shares Lee National Bank, L
On 10 shares Lee National Bank, L

1,050 00
1,000 00

e e , ...........................................................
e e , ...........................................................

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass , 5s,
of Boston, Mass , 6s,
of Providence, R. I., 5s, .
of Springfield, Mass ,4s,.
Town of Rockingham, Vt., 4s,
District of Columbia 5s, .
United States 5s,
. . .

$1,000
10,000
10,000
10,000
2,500
10,000
7,000
$50,500

Estimated
Market Value.

$1,150
11,700
11,260
10,400
2,525
10,500
8,015

00
00
00
00
00
00
00

$55,550 00

Amount Invested.

$1,000
10,000
10,000
10,000
2,500
10,000
7,000

00
00
00
00
00
00
00

$50,500 00

»

Par Value.

Estimated
Market Value.

Amount Invested,

’

No. o f
Shares.

Detailed Statement o f Bank Stocks.

60
40
40
10
80
30
20
100
10
80
60
20
100
50
30
70
70
40
26
20
30

First National Bank, Adams, .
First Nat’l Bank, Amherst,
Birmingham National Bank,
Birmingham, Conn ,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Hamilton N’l Bank, Boston. .
Massachusetts N’l B’k, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Common­
wealth, Boston,
N't 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,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Wintbrop Nat’l Bank, Boston,


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

$6,000
4,000

$8,250 00
5,800 00

$7,000 00
5,000 00

4,000
1,000
3,000
3,000
2,000
10,000
1,000
3,000
6,000

6,800
1,260
3,690
3,240
1,600
23,900
1,070
2,550
6,660

00
00
00
00
00
00
00
00
00

6,000
1,000
3,000
3,000
2,000
10,000
1,000
3,000
6,000

00
00
00
00
00
00
00
00
00

2,000
10,000
5,000
3,000
7,000
7,000
4,000
2,600
2,000
3,000

2,780
10,675
6,050
4,560
5,740
7,420
3,715
2,704
2,240
3,930

00
00
00
00
00
00
00
00
00
00

2,000
10,000
5,000
3,000
7,000
7,000
4,000
2,600
2,000
3,000

00
00
00
00
00
00
00
00
00
00

No. 8.]

297

SAYINGS BANK COMMISSIONERS

Lee Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

30
180
70
90
40
40
30
20
40
30
30
75

Par Value.

City N’l B’k, Bridgeport, Conn.,
Lee National Bank, Lee,.
Adams NT Bank, No. Adams,
Pittsfield NT Bank, Pittsfield,.
Berkshire Loan and Trust
Company, Pittsfield,
Agawam NT B’k, Springfield,
Chicopee NT B’k, Springfield,
First Nat’l Bank, Springfield,
Pynchon N’l B’k, Springfield,
Second NT Bank, Springfield,
Springfield N’l B’k,Springfield,
Housatonic National Bank,
Stockbridge,

Estimated
Market Value.

Amount Invested.

$3,000
18,000
7,000
9,000

$1,725
24,300
8,400
13,500

00
00
00
00

$4,000
18,000
7,000
12,000

00
00
00
00

4,000
4,000
3,000
2,000
4,000
3,000
3,000

5,000
4,000
4,500
2,100
5,400
3,750
3,750

00
00
00
00
00
00
00

5,000
4,000
5,000
2,000
5,000
4,000
3,400

00
00
00
00
00
00
00

7,500

10,875 00

9,000 00

$156,100 $204,934 00 $171,000 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R 4s,
Concord & Montreal R.R. 4s, .
Maine Central R.R. 7s,
Old Colony R.R. 4s,.

Estimated
Market Value.

$25,000
20,000
10,000
25,000

$25,625
20,800
13,600
26,750

$80,000

$86,775 00

Amount Invested.

00
00
00
00

$25,000
20,000
10,000
25,000

00
00
00
00

$80,000 00

Total Amount o f Loans, with Each Specified Rate of Interest.

Amount.

$5,000 00
60,130 57

Kate.

Amount.

Kate.

Amount.

3£ per cent.
4
“

$269,915 00

5 per cent.

$150,003 00

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, 1895,
.
Number of loans which are of an amount not exceeding $3,000 each,
245
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 219


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

Kate.

6

per cent.

$8,980 10
5,275 00
266 97
200,308 00

298

REPORT OF THE

[Pub. Doc.

Lee Savings Bank— Concluded.
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 5 , ........................................................................................

$600 00
39,982 12

Times for the dividends fixed by the by-law s: May 31 and November 30.
Rate and amount of each semi-annual dividend f 2 percent., $13,662 77 1
during the year ending Oct. 31, 1895,
.
. 1 2 percent.,
13,601 82 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 284
Number of accounts closed during the year ending Oct. 31, 1895,
. 263
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,150
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes),
........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,..................................................................................................
Number of same.............................................................................................. 1,519
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ........................................................................................ 1,271
Date of examination by commissioner: September 18.


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

27,267 59

4,701 92
128,096 89

128,211 52

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

300

REPORT

OF

THE

[P u b . D o c .

Leicester Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Ray City, Mieh., 4s,
f 15,000
of Boston, Mass., 4s,
5,000
of Chelsea, Mass , 4s,
5,000
of Cleveland, Ohio, 4s,
5,000
of Columbus, Ohio, 4s, .
10,000
of Dayton, Ohio, 4s,.
5,000
of Dayton, Ohio, 6s,.
5,000
of Fail River, Mass , 6s, .
1,000
of Kansas City, Mo., 44s,
8,000
of Lawrence, Mass., 4s, .
10,000
of Lynn, Mass., 4s, .
9,000
of Lowell, Mass., 4s,
10,000
of Manchester, N. H., 6s,
1,000
of New Britain, Conn., 4s,
5,000
of Waltham, Mass., 4s, .
12,000
of Waterbury, Conn, 4s, .
5,000
of Worcester, Mass , 44s,
4,000
Town of Beverly, Mass., 4s, .
10,000
of Braintree, Mass., 4s, .
5,000
of Clinton, Mass., 4s,
11,000
of Great Barrington, Mass.,4s,
5,000
of Holbrook, Mass , 4s, .
• 10,000
of Leicester, Mass , 4s, .
12,000
of No. Attleborough, Mass.,4s,
5,000
of Orange, Mass., 4s,
18,000
of Randolph, Mass., 4 s,.
24,000

Estimated
Market Value.

$15,400
5,075
5,075
5,150
10,100
5,025
5,100
1,090
8,840
10,300
9,510
10,700
1,150
5,250
12,540
5,050
4,360
10,400
5,250
11,155
5,250
10,450
12,515
5,300
18,702
25,140

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

Amount Invested.

$15,000
5,000
5,000
5,000
10,000
5,000
5,000
1,000
8,000
10,000
9,000
10,000
1,000
5,000
12,000
5,000
4,000
10,000
5,000
11,000
5,000
10,000
12,000
5,000
18,000
24,000

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

$215,000 $223,877 50 $215,000 00
* Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
30
25
15
20
12
50
15
20
20

Tar Value.

Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
National Bank of the Commonweath, Boston,
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k,Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$1,000
3,000
2,500
1,500

$1,077
3,900
2,350
1,200

50
00
00
00

$1,150
3,610
2,635
1,770

00
00
00
04

2,000
1,200
5,000
1,500
2,000
2,000

2,780
1,269
5,312
1,350
2,080
2,142

00
00
50
00
00
50

2,100
1,346
5,954
1,925
2,000
2,425

00
00
40
00
00
00

No. 8.]

301

SAYINGS BANK COMMISSIONERS

Leicester Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

Par Value.

50 State National Bank, Boston, .
72è Leicester N'l Bank, Leicester,.
11 Millbury N’l Bank, Mill bury,.
5 Oxford Nat’l Bank, Oxford, .
25 Central N’l Bank, Worcester,.

$5,000
7,250
1,100
500
2,500
$38,050

Estimated
Market Value.

$5,606
10,875
1,100
525
3,625

Amount Invested.

$5,397
9,298
1,314
525
3,525

25
00
00
00
00

$45,192 75

50
75
50
00
00

$44,976 19

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Eastern R R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R R 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Leeds & Farmington R.R. 6s, .
Old Colony R.R. 4s,.
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5s, .

$7,000
20,000
5,000
3,000
4,000
3,000
3,000
4,000
5,000
5,000
10,000
$69,000

Estimated
Market Value.

$7,117
20,800
5,250
3,600
4,010
3,u30
3,120
4,040
5,350
4,900
10,700

Amount Invested.

50
00
00
00
00
00
00
00
00
00
00

$71,917 50

$7,000
20,000
5,000
3,000
4,000
3,000
3,000
4,000
5,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00
00

$69,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.

Amount.

$2,003 58
50,422 00

Rate.

2

4

per cent.
“

Amount.

$23,500 00
150,960 00

Rate.

4J per cent.
5

Rate.

Amount.

$1,800 00
38,257 07

5j| per cent.
“ '

6

Number of loans which are of an amount not exceeding $3,000 each, 158
Aggregate amount of the s a m e , .............................................................................. $161,439 07
Total number of loans upon real e s t a t e , ................................................. 146
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 5 , .....................................................................
25,840 04
Times for the dividends fixed by the by-laws : June 1 and December 1.


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Federal Reserve Bank of St. Louis

302

REPORT OF THE

[Pub. Doc.

Leicester Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $10,127 92 )
$20,677 90
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
10,519 98
Number of accounts opened during the year ending Oct. 31, 1895,
. 141
Number o f accounts closed during the year ending Oct. 31, 1895,
.
96
Total number of open accounts Oct. 31, 1895.......................................
1,170
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ),............................................................................................................

1,185 84

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................

63,734 35

Number of s a m e , .................................................................................................. 689
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , .................................................................................................. 685
Date o f examination by commissioner: April 4.


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Federal Reserve Bank of St. Louis

57,586 62

No. 8.]

SAYINGS BANK COMMISSIONERS

303

L E N O X S A V IN G S B A N K -L E N O X .

Incorporated April 4, 1890.

H enry S e d g w ic k

Present number of corporators, 9.

E d w a r d M c D onald ,

P r e s id e n t .

M . A . B rown ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its fund s:

T homas P ost ,
C. R . B ond ,
H enry S e d g w ic k .

Open for business every business day, 9 a .m . to 3 p .m .

B a l a n c e Sh e e t O ctober

A ssets .

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
( n o t e s ) , .......................................
Deposits in banks, not on interest,
Expense account,
Suspense account,
.

31, 1895.

L ia b ilit ies .

$27,227 00
1 ,0 0 0 00

5.000 00
120,400 00
8 .0 0 0 0 0

7,500
1,912
75
1,900

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
.

$169,642 30
1,324 78
1,003 53
1,044 60

00
85
36
00

$173,015 21

$173,015 21

Cash on Deposit in Bank : —
Lenox National Bank, Lenox,

$1,912 85

Loans on Bank Stock, amount on each: —
On 5 shares Lenox National Bank, Lenox, .

$500 00

On 5 shares Lenox National Bank, Lenox, .

500 00


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Federal Reserve Bank of St. Louis

304

REPORT OF THE

[Pub. Doc

Lenox Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

34 Lee National Bank, Lee,
35 Lenox National Bank, Lenox,
5 Palmer Nat’l Bank, Palmer, .
11 Agricultural NT B’k, Pittsfield,
13 Pittsfield NT Bank, Pittsfield,.
10 Chapin NT Bank, Springfield,
12 Chicopee NT B'k, Springfield,
10 City Nat’l Bank, Springfield, .
9 John Hancock National Bank,
Springfield, .
.
.
.
10 Second NT Bank, Springfield,
12 Housatonic National Bank,
Stockbridge,
10 Ware National Bank, Ware, .
18 Mechanics’ NT B’k, Worcester,

$3,400
3,500
500
1,100
1,300
1,000
1,200
1,000

Estimated
Market Value.

$4,590
4,375
750
2,860
2,080
1,300
1,920
1,470

00
00
00
00
00
00
00
00

Amount Invested.

$4,551
4,220
775
2,671
2,080
1,550
2,100
1,550

00
00
00
00
00
00
00
00

900
1,000

1,008 00
1,350 00

1,170 00
1,550 00

1,200
1,000
1,800

1,800 00
1,050 00
1,800 00

2,010 00
1,200 00
1,800 00

$18,900

$26,353 00

$27,227 00

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 5s, .

.

.

.

$5,000

Estimated
Market Value.

$5,250 00

Amount Invested.

$5,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.

Amount.

$7,500 00

4 per cent.

Amount.
$78,100 00

Kate.
5 per cent.

Amount.
$51,300 00

Kate.
6

per cent.

N umber of loans which are of an amount not exceeding $3,000 each,.
34
Aggregate amount of the s a m e , ...............................................................................$41,700 00
Total number of loans upon real estate............................................................44
Amount of investments from which no income is received, .
.
.
.
1,900 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1895.............................................................................................
7,987 40
Times for the dividends fixed by the b y-la w s: first Tuesday in January
and July.


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

Lenox Savings Bank —

305

C onclud ed .

Rate and amount of each semi-annual dividend i 2 per cent.,
$3,059 38 1
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,
3,072 6 6 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 103
Number o f accounts closed during the year ending Oct. 31, 1895,
.
85
Total number of open accounts Oct. 31, 1 8 9 5 , ....................................... 571
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,..................................................................................................
Number of same........................................................................................................ .....

v b ’ l6Z 04

390

26

40 179 79

Amount o f withdrawals, including dividends, during the year ending Oct.
31 * 1 8 9 5 ..............................................................................................................................
Number of s a m e , .......................................................................................................

Date o f examination by commissioner : September 17.


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Federal Reserve Bank of St. Louis

40,596 33

[Pub. Doc.

REPORT OF THE

306

L E O M IN ST E R S A V IN G S

Incorporated March 16, 1865.

B A N K — L E O M IN ST E R .

Present number of corporators, 35.

J. G. T en n ey , P r e s id e n t .
A . L. B tjrditt, T r e a s u r e r .
A . L. B u r d itt , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :

H amilton M ayo ,
C h as . C. B oyden ,

A . L. B u rditt ,
C lesson K enney ,

D . C. N ic k er so n .

Open for business every business day, except Saturdays, 9 a . m . to 12 m . ; 1 to 3 p . m . ;
Saturdays, close at 12 m .

B ala n c e S h e e t O ctober 31, 1895.

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 (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,
Cash on hand,
.
.
.
.

$ 1 0 1 ,0 0 0
62,710
5,700
29.500

00

00
00
00

Deposits, .
Gnaranty fund,
Interest account,

$943,077 85
44,000 00
27,962 93

24,000 00
564,572 15
129,310 00
58.500
632
38,756
360

00
00
01
62

$1,015,040 78

$1,015,040 78

Cash on Deposit in B a n k : —
Leominster National Bank, L e o m i n s t e r , ........................................................... $38,756 01

Loans on Bank Stock, amount on each: —
On 45 shares Leominster National Bank, L eom inster,.......................................$3,700 00
On 25 shares Central National Bank, Lynn..............................................................
2,000 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

307

Leominster Savings Bank — Continued.
Detailed Statement o f Public Funds.
-------------- -— ......
Par Value.

City of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 4s, .
of Meriden, Conn , 4s,
of Quincy, Mass., 4s,
Town of Leominster, Mass., 4s,
of Peabody, Mass., 4s, .
of Reading, Mass., 4s, .

Estimated
Market Value.

$8,240
26,000
11,165
10,200
10,400
21,315
6,330
10,450

$8,000
25.000
11.000
10,000
10,000
21,000
6,000
10,000

00
00
00
00
00
00
00
00

Amount Invested.

$8,000
25.000
11.000
10,000
10,000
21,000
6,000
10,000

00
00*
00
00
00
00
00
00

$101,000 $104,100 00 $101,000 00
* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

3
62
15
27
20
25
34
61
10
9
20
30
17
50
2
1
80
160
20

Estimated
Market Value.

Amount Invested.

$300
6,200
1,500
2,700
2,000
2,500
3,400
6,100
1,000
900

$300
6,200
1,980
3,510
2,140
3,250
2,992
5,185
800
1,000

00
00
00
00
00
00
00
00
00
00

$285
5,890
1,500
2,700
2,000
2,500
2,890
5,480
850
900

00
00
00
00
00
00
00
00
00
00

2,000
3,000
1,700
5,000
200
100
8,000

2,760
3,180
1,394
5,250
180
131
8,800

00
00
00
00
00
00
00

2,000
3,000
1,445
5,000
170
100
8,000

00
00
00
00
00
00
00

Par Value.

Blackstone N’l Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Central Nat’1 Bank, Boston, .
Continental Nat’l B’k, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Globe National Bank, Boston,
Market Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of No. America, Boston,
National Eagle Bank, Boston,
Nat’l Webster Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Winthrop N’l Bank, Boston, .
Safety Fund N’l B’k, Fitchburg,
Leominster National Bank,
Leominster, .
.
.
.
Crocker N’l B’k, Turner’s Falls,


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Federal Reserve Bank of St. Louis

16,000
2,000

16,800 00
2,400 00

16,000 00
2,000 00

$64,600

$68,252 00

$62,710 00

REPORT OF THE

308

[Pub. Doc.

Leominster Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
•

Par Value.

Boston & Maine lt.R. 4s, .
Fitchburg R R. 4s, .
Fitchburg R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$15,000
10,000
5,000

$15,600 00
10,050 00
5,500 00

$15,000 00
9,500 00
5,000 00

$30,000

$31,150 00

$29,500 00

Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.

$38,756 01
58,500 00

Rate.

1£

4

per cent.
“

Amount.

Rate.

Amount.

$435,490 00
47,310 00

5 per cent.
5£
“

$217,414 15

Rate.

6

Am ount 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, 1895,
Number of loans which are of an amount not exceeding $3,000 each, 412
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 419
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the b y-law s: January 1 and July 1 .
Rate and amount of each semi-annual dividend f 2 per cent., $16,616 06 )
during the year ending Oct. 31, 1895,
.
. I 2 per cent., 17,323 22 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 597
Number of accounts closed during the year ending Oct. 31,1895,
. 359
Total number of open accounts Oct. 31, 1895,
.
.
.
.
3,263
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes).............................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895,............................................................................................................

per cent.

$24,000 00
24,000 00
17,500 00
1,117 35
382,200 78

48,207 56

33,939 28

2,183 61
208,749 79

Number o f same........................................................................................................ 2,746
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , .................................................................................................. 2,063
Date of examination by commissioner: March 21.


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Federal Reserve Bank of St. Louis

160,785 19

No. 8.]

SAVINGS BANK COMMISSIONERS.

309

L E X IN G T O N S A V IN G S B A N K — L E X IN G T O N .
Incorporated March 11, 1871.

B r ad le y C. W h itc h e r , P r e s id e n t .
A ugustus E . S cott,

Present number of corporators, 38.

James E . C rone ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds :

L eonard A. S a v il l e ,
W a lt er W ellington ,
L ym an L aw r e n c e ,
E d w in S. S pau ldin g ,
B r a d le y C. W h it c h e r .

Open for business Wednesdays, 3.30 to 6

Ba l a n c e

p

.m .

; Saturdays, 3.30 to 7

Sh e e t O ctober

A ssets.

Public funds as per schedule,
.
Loans on public funds,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on railroad bonds, .
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,
.
.
.
.

f .m

.

31, 1895.

L ia b il it ie s .

$ 2 0 ,0 0 0 00
25,000 00
2 ,0 0 0 00

39,500 00
2 ,0 0 0 00

6,532
1,467
210,361
38,375
14,952
54
1,873

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$344,428 54
10,999 28
4,106 04
2,582 50

52
25
15
00
66

74
04

$362,116 36

$362,116 36

Cash on Deposit in Bank : —
Fourth National Bank, B o s t o n , .......................................

.

$14,952 66

Loan on Public Funds : —
On $5,000 City of Rutland, V t., 4s,
On $8,000 City o f Providence, R . I , 4s,
On $12,000 City of Milwaukee, W is., 5s,

$25,000 00
.

Loan on Bank Stock : —
On 15 shares Merchants’ National Bank, Boston,
On 10 shares National Bank of North America, Boston,

' ^

$

2,000 00

Loan on Railroad Bonds : —
On $2,000 Eastern R .R . 6 s , ........................................................................................ $2,000 00


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Federal Reserve Bank of St. Louis

310

[Pub. Doc.

REPORT OF THE

Lexington Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Cleveland, Ohio, 5s, .
of Concord, N. H., 4s,
of Milwaukee, Wis., 5s, .
County of Aroostook, Me., 4£s,

Estimated
Market Value.

$5,450
5,300
5,600
5,325

$5,000
5.000
5.000
5.000
$20,000

Amount Invested.

$5,000
5.000
5.000
5.000

00
00
00
00

00
00
00
00*

$20,000 00

$21,675 00

* A legal investment when made.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4^s,
Boston, Revere Beach & Lynn R.R. 6s,
Cheshire R.R. 6s,
Concord & Montreal R.R. 4s, .
Conn & Passumpsic Rivers R.R. 4s,
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 4£s, .
Portland & Ogdensburg R.R. 6s,

$6,000
10,000
2,000
1,000
5,000
5,000
2,000
3,500
5,000
$39,500

Estimated
Market Value.

$6,180
11,500
2,060
1,050
5,200
5,225
2,070
3,710
5,425

Amount Invested.

00
00
00
00
00
00
00
00
00

$12,420 00

$6,000
10,000
2,000
1,000
5,000
5,000
2,000
3,500
5,000

00
00
00
00
00
00
00
00
00

$39,500 00

Total Amount o f Loans, with Each Specified Rate of Interest.

Rate.

Amount.

$14,952 66
25.000 00
1 0 .0 0 0 00

3 per cent.
4
“
4\

Amount.

$ 1 0 ,0 0 0 00
27,400 00

Rate.
4J per cent.
5
“

Rate.

Amount.

$ 1 0 ,0 0 0 00
195,336 15

5J per cent.

6

“

“

Amount invested in real estate for banking purposes........................................... $6,532 52
Estimated value of the s a m e ,........................................................................................
6,532
Assessed value of the s a m e , ........................................................................................
5,300
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,......................................................................................................................
1,467
Assessed value of the same.............................................................................................
1,300
Number of loans which are of an amount not exceeding $3,000 each ,.
79
Aggregate amount of the s a m e , ...............................................................................141,061 15
Total number of loans upon real e s t a t e , ................................................. 97


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

52
00
25
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

311

Lexington Savings Bank— Concluded.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................

$18,045 33

Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f
per cent.,
$7,365 24 j
during the year ending Oct. 31, 1895,
.
.1 2 per cent.,
6,248 82 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 162
Number o f accounts closed during the year ending Oct. 31, 1895,
.
89
Total number o f open accounts Oct. 31, 1895,
.
.
.
.
1,184
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes)............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,.................................................................................................

13,614 06

911 83
78,962 07

Number of s a m e , .................................................................................................. 1 ,1 1 1
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895..............................................................................................................................
Number of s a m e , ........................................................................................
721
Date o f examination by commissioner : January 14.


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

56,818 59

312

REPORT OF THE

[Pub. Doc.

L O W E L L F IV E CENTS S A V IN G S B A N K — L O W E L L .

Incorporated April 12, 1854.

Present number o f corporators, 60.

W il l ia m S. Southworth , P r e s id e n t.
A ustin K . C h a d w ic k ,

A ustin K . C h a d w ic k ,

T r e a su r e r .

C le r k o j th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:

G eo . F. P ennim an ,
G eorge S. C h e n e y ,
A rthur S taples ,

John H. M c A l v in ,
A lbion C. T a y l o r ,
A ustin K . C h a d w ic k .

Open for business every business day, 9 a . m . to 1 p . m . ; also Saturday, 7 to 9 p . m .

Balan ce S h eet O ctober

A ssets.

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,
Deposits in banks, on interest, .
Suspense account,
Cash on hand,
.
.
.
.

31, 1895.

L ia b il it ie s .

$186,320 00
15.000 00
75.000 00
65.000
3,000
945,007
556,750
24,351
474
1,149

Deposits, .
Guaranty fund,
Profit and loss
count, .

$1,737,294 99
73,000 00
ac­

00
00
67
00
51
78
74

$1,872,053 70

61,758 71

$1,872,053 70

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, B o s t o n ,.................................................
Appleton National Bank, L o w e l l , .....................................................................
Prescott National Bank, L o w e ll,.....................................................................
Middlesex Safe Deposit and Trust Company, Lowell,

$40 23
5,000 00
14 311 28
5,000 00

Loans on Bank Stock, amount on each : —
On
On
On
On
On

23 shares Prescott National Bank, Lowell, .
7 shares Old Lowell National Bank, Lowell,
14 shares Appleton National Bank, Lowell, .
34 shares Rollstone National Bank, Fitchburg,
10 shares Railroad National Bank, Lowell, .


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

$2,600 00
2,000 00
400 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

313

Lowell Five Cents Savings Bank — Continued.
On
On
On
On
On
On

3 shares Old Lowell National Bank, Lowell................................
15 shares First National Bank, L o w e ll,.......................................
15 shares Itailroad National Bank, Lowell, .
.
.
.
44 shares Merchants’ National Bank, Lowell,
9 shares Prescott National Bank, Lowell.....................................
25 shares Railroad National Bank, Lowell, .
.
.
.

$

2,200 00

7,800 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

44 Atlas National Bank, Boston, .
33 Blackstone N’l Bank, Boston,.
40 Boston Nat’l Bank, Boston,
52 Boylston Nat’l Bank, Boston,.
70 Continental N’l Bank, Boston,
50 Eliot National Bank, Boston, .
20 Everett Nat’l Bank, Boston, .
5 Faneuil Hall N’l Bank, Boston,
50 Freeman’s Nat’l Bank, Boston,
60 Globe Nat’l Bank, Boston,
50 Hamilton Nat’l Bank, Boston,
20 Howard Nat’l Bank, Boston, .
40 Lincoln Nat’l Bank, Boston, .
10 Merchants’ N’l B’k, Boston,
40 N’l B’k of Commerce, Boston,
20 National B’k of the Commonwealth, Boston, .
90 N’l B’k of No. America, Boston,
100 N’l B’k of Redemption, Boston,
10 N’l B’k of the Republic, Boston,
50 National City Bank, Boston, .
30 Nat’l Eagle Bank, Boston,
17 Nat’l Exchange Bank, Boston,
51 N’l Hide & Leather B'k, Boston,
27 National Revere Bank, Boston,
40 Nat’l Union Bank, Boston,
5 North National Bank, Boston,
25 Second N’l Bank, Boston.
5 Shawmut Nat’l Bank, Boston,
60 Shoe & Leather N’l B’k, Boston,
20 State National Bank, Boston, .
92 Suffolk Nat’l Bank, Boston, .
71 Tremont Nat’l Bank, Boston,
20 Washington N’l Bank, Boston,
85 First National Bank, Lowell, .
35 Merchants’ N’l Bank, Lowell,.
100 Old Lowell N’l Bank, Lowell,
135 Prescott National B’k, Lowell,
78 Railroad Nat’l Bank, Lowell, .
20 Wamesit National B’k, Lowell,


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

Par Value.

Estimated
Market Value.

Amount Invested.

$4,400
3,300
4,000
5,200
7,000
5,000
2,000
500
5,000
6,000
5,000
2,000
4,000
1,000
4,000

$5,412
3,300
4,000
6,812
7,560
6,500
1,700
665
4,500
5,100
5,350
1,880
3,120
1,600
4,440

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

$4,400
3,300
4,000
5,200
7,000
5,000
2,000
500
5,000
6,000
5,000
2,000
4,000
1,000
4,000

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

2,000
9,000
10,000
1,000
5,000
3,000
1,700
5,100
2,700
4,000
500
2,500
500
6,000
2,000
9,200
7,100
2,000
8,500
3,500
10,000
13,500
7,800
2,000

2,780
9,540
12,100
1,520
4,050
2,460
2,125
5,406
2,430
5,400
535
4,450
545
5,400
2,240
9,568
6,319
2,160
14,450
5,250
12,200
19,845
10,140
2,640

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

2,000
9,000
10,000
1,000
5,000
3,000
1,700
5,100
2,700
4,000
500
2,500
500
6,000
2,000
9,200
7,100
2,000
11,305
3,500
12,075
16,740
9,000
2,000

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

$177,000

$205,492 00 $186,320 00

314

REPORT OF THE

[Pub. Doc.

Lowell Five Cents Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Fitchburg R.R. 5s, .
Maine Central R.R. 4Js, .

Estimated
Market Value.

Amount Invested.

$20,000
40.000
15.000

$21,000 00
43,100 00
16,050 00

$20,000 00
40.000 00
15.000 00

$75,000

$80,150 00

$75,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.

$40
24,311
199.000
140.000

Rate.

23
28
00
00

2

3
4
41

per cent.
“

Amount.

$277,500
22,800
779,966
5,000

Rate.

00
00

67
00

4^ per cent.
4§
5
“
51
“

Amount.

$13,500 00
73,991 00
5,000 00

Rate.

5£ per cent.
6

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, 1895,
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 , ........................................................................................

“

$65,000
65,000
56,420
729

00
00
00
55

3,000 00
5,700 00
229 32

Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 each, 266
Aggregate amount of the s a m e , ..............................................................................

372,207 67

Total number of loans upon real e s t a t e , ................................................. 315
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ...............................................................................

79,096 65

Times for the dividends fixed by the by-laws : first Saturday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $30,181 83 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
32,884 84 J
Number o f accounts opened during the year ending Oct. 31, 1895,
2,445
Number of accounts closed during the year ending Oct. 31, 1895,
1,512
Total number of open accounts Oct. 31, 1895,
.
.
.
.
8,256
Total expenses of the corporation for the year ending Oct. 31, 1895 (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 5 , ..................................................................................................

63,066 67

6,196 29
379,430 88

Number of same.............................................................................................. 12,166
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ....................................................................
Date of examination by commissioner: June 14.


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

4,936

274,741 45

No. 8.]

315

SAVINGS BANK COMMISSIONERS.

L O W E L L IN S T IT U T IO N FOR S A V IN G S — L O W E L L .

Incorporated Feb. 20, 1829.

A. S t . John C h a m b r e , P r e s id e n t .
G eorge J. Ca r n e t ,

Present number o f corporators, 50.

G eorge J. Ca r n e t ,

T rea su rer.

C le r k o f the C o r p o r a tio n .

Names of committee charged with the investment of its funds:

G eorge S. M otlet ,
F r e d e r ic k T a t l o r ,
James W. B. S h a w ,
G eorge J. Ca r n e t ,
John J. C olton .

Open for business every business day for deposits, 9 a .m . to 2 p .m ., and Saturdays, 7 to
9 p .m . ; for payments, Tuesday, Thursday, Saturday, 9 a .m . to 2 p . m . ;
and Saturdays, 7 to 9 p . m .

B a l a n c e S h e e t O c tober 31, 1895.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank sto c k ,.
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, .
Reconstruction..................................

L ia b il it ie s .

$65,000 00
173,200 00
10,250 00
20,334 06
1,916,617 00
1,102,050 00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Suspense account, .

$4,596,212 13
225,815 00
29,185 74
89,284 01

1,366,120 00
283,825 82
3,100 00
$4,940,496 88

$4,940,496 88

Cash on Deposit in Banks, amount in each : —
First National Bank, L o w e l l , .............................................................................. $25,000 00
Merchants’ National Bank, L o w e l l , .....................................................................
183,825 82*
W am esit National Bank, L o w e l l , .....................................................................
75,000 00
Loans on Bank Stock, amount on each: —
On
On
On
On

10 shares Merchants’ National Bank, L o w e l l , ....................................................$400
140 shares Wamesit National Bank, L o w e l l , .......................................
9,000
5 shares Railroad National Bank, L o w e l l , .................................................
200
16 shares Prescott National Bank, L o w e l l , .................................................
650

* This amount has since been reduced within the legal limit.


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

00
00
00
00

[Pub. Doc

REPORT OF THE

316

Lowell Institution for Savings

— C ontinued.

Detailed Statement o f Public Funds.

Par Value.

District of Columbia 5s, .

$65,000

Estimated

Amount Invested.

Market Value.

$65,000 00

$65,000 00

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

142
344
174
161
473
160
107
171

Par Value.

Columbian N’l Bank, Boston,.
Merchants1N’l Bank, Boston, .
National Eagle Bank, Boston.
New England N’l B’k, Boston,
Second Nat’l Bank, Boston,
First National Bank, Lowell, .
Merchants’ N’l Bank, Lowell,.
Railroad Nat’l Bank, Lowell,.

$14,200
34,400
17,400
16,100
47,300
16,000
10,700
17,100

Estimated
Market Value.

$14,200
55,814
14,398
25,639
85,376
28,000
16,050
22,572

Amount Invested.

00
00
50
25
50
00
00
00

$14,200
34,400
17,400
16,100
47,300
16,000
10,700
17,100

00
00
00
00
00
00
00
00

$173,200 $262,050 25 $173,200 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$183,825
75.000
50.000
34.000
443,200
22.000

Kate.

82
00
00
00
00
00

2 per cent.
2|
35

U
3|

“
“
“

Amount.

$250,000
54.000
1,533,920
75.000
25.000

Kate.

00
00
00
00
00

3ij per cent.
3£
“
4
“
4.15 <<

Amount.

$657,480
210,000
1,042,245
12,000
11,192

Rate.

00
00
00
00
00

f i per cent.
«
5
5é
6

“
«
“
“

Amount invested in real estate for banking p u rp ose s,....................................... $20,334 06
Estimated value of the s a m e , ..............................................................................
20,334
Assessed value of the s a m e ,........................................................................................
42,350
Net income received from same during year ending Oct. 31, 1895,
.
.
1,282
Number of loans which are of an amount not exceeding $3,000 each, . 112
Aggregate amount of the same......................................................................................
178,812
Total number of loans upon real e s t a t e , ................................................. 188
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 5 , .....................................................................
205,516
Times for the dividends fixed by the by-laws : first Saturday in May and
November.


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

06
00
05
00

67

No. 8.]

SAVINGS BANK COMMISSIONERS

317

Lowell Institution for Savings — Concluded.
Rate and amount of each semi-annual dividend 1 2 per cent., $84,268 39
during the year ending Oct. 31, 1895,
.
. I 2 per cent.,
86,103 21
Number of accounts opened during the year ending Oct. 31, 1895,
1,792
Number of accounts closed during the year ending Oct. 31, 1895,
1,458

$170,371 60

Total number of open accounts Oct. 31, 1895,
.
.
.
.
11,543
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , .................................................................................................
Amount of deposits, not including dividends, received during the year

12,891 49

ending Oct. 31, 1 8 9 5 , .................................................................................................
Number of s a m e , ............................................................................................... 11,566
Amount of withdrawals, including dividends, during the year ending Oct.

691,099 00

31, 1895,
.....................................................................................................................
Number of s a m e , ................................................................................................ 10,676
Date o f examination by commissioner : April 15.

664,374 86


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

318

REPORT OF THE

[Pub. Doc.

L U D L O W S A V IN G S B A N K — L U D L O W .
Incorporated Feb. 23, 1888.

Present number of corporators, 40.

G e o r g e D . G r e e n , P r e s id e n t .

G e o r g e A . B i r n i e , T r e a su r e r .

G e o r g e A . B i r n i e , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds:
G eorge D. G r ee n ,
E. E. F uller,

W . S. C o l w e l l ,
A . H . H alford.

M . H . L yons.

Open for business every business day, 10 a . m . to 12 m . ; 1 to 3
and Fridays, 7.30 to 9 p .m .

B alan c e Sh eet O ctober

Asset s.

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,
Insurance account,
Safe and furniture,
Cash on hand,
.
.
.
.

f.m

. ; also Wednesdays

31, 1895.

L ia b il it ie s .

$ 1 ,1 0 0
4,246
41,580
7,170

00

3,500
3,576
63
25
70
441

00
58
43
00
00
41

00

50
00

Deposits, .
Guaranty fund,
Interest account,

$61,093 40
610 61
68 91

$61,772 92

$61,772 92

Cash on Deposit in Banks, amount in each : —
Pynchon National Bank, Springfield,.....................................................................
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
Springfield National Bank, S p r i n g f i e l d , ...........................................................

$551 24
600 97
2,424 37

I No. o f
I Shares.

Detailed Statement o f Bank Stocks.

10

Par Value.

City National Bank, Holyoke,


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

!

$1,000

Estimated
Market Value.

$1,150 00

Amount Invested.

$1,100 00

No. 8.]

319

SAVINGS BANK COMMISSIONERS.

Ludlow Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Connecticut River R.R. 4s,
Fitchburg R.R. 5s, .
Leeds & Farmington R.R. 6s, .

Estimated
Market Value.

Amount Invested.

$1,000
2,000
1,000

$1,070 00
2,100 00
1,013 75

$1,000 00
2,102 50
1,144 00

$4,000

$4,183 75

$4,246 50

Total Amount of Loans, with Each Specified Bate o f Interest.

Amount.

$3,576 58
19,500 00

4
5

Rate.

Amount.

per cent.
“

$9,600 00

Rate.

5£

per cent.

Rate.

Amount.

$23,150 00

Number of loans which are of an amount not exceeding $3,000 each,.

6

per cent.

82

Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 51
Gross amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the b y-law s: April 1 and October 1.
Rate and amount of each semi-annual dividend f 2 per cent., $1,024 75 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
1,090 29 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 163
Number of accounts closed during the year ending Oct. 31, 1895,
. 105

$52,250 00

3,038 68

2,115 04

Total number of open accounts Oct. 31, 1 8 9 5 , ....................................... 531
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
.................................................................................................
Amount of deposits, not including dividends, received during the year end­

662 3 4

ing Oct. 31, 1895,...........................................................................................................
Number of s a m e , .................................................................................................. 1,215
Amount of withdrawals, including dividends, during the year ending Oct.

27,841 61

31, 1 8 9 5 , ........................................................................................ .........
Number of s a m e , ..................................................................................................... 390
Date of examination by commissioner: August 21.

22,432 99


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

320

REPORT OF THE

[Pub. Doc.

L Y N N F IV E CENTS S A V IN G S B A N K — L Y N N .

Incorporated M ay 15, 1855.

Present number of corporators, 72.

R o l l i n E . H a b m o n , P r e s id e n t .

I I e n r y E . N e w j ia e l , T r ea su rer.

H e n r y E . N e w h a e l , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
R o l l in E . H a r m o n ,

H e n r y A . Pe v e a r ,

Ja m e s S . N e w h a e e ,

Charles H . N e w h a l e ,

R ufus K im b a l l .

Open for business every business day, 9

a .m

. to 1 p . m . ; also Saturday, 3 to 6 p . m .

B alan ce Sh eet October

Asset s.

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, .
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).............................................
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.

31, 1895.

L ia b il it ie s .

$302,572
910,050
180,197
18,200
43.000
117,000

50
00
97

00

33,603
1,642
1,147,019
516,350

75
05
81
00

45.000
132,837
3,429
18,530

00
82
03
19

00

00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Payments on mort­
gages held as col­
lateral, .

$3,469,433 12

$3,209,316 18
158,000 00
102,016 94

100 00

$3,469,433 12

Cash on Deposit in Banks, amount in each : —
Market National Bank, B o s t o n ,....................................................................
Merchants’ National Bank, B o s t o n , .....................................................................
National Bank of the Republic, B o s t o n , ...........................................................
National City Bank, Lynn, ........................................................................................
National Security Bank, L y n n , .............................................................................


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

$69,272
830
25,114
12,620
25,000

58
12
95

17
00

No. 8.]

SAVINGS BANK CO M M ISSIO N E R.

321

Lynn Five Cents Savings Bank — Continued.
Loans on Public Funds, amount on each: —
On
On
On
On
On
On
On
On

$23,000 Kansas City, M o., 4£s,
$22,000 Medford, Mass , 4s, .
$5,000 United States 4s, .
$50,000 Waterbury, Conn., 4s,
$24,000 W oburn, M ass., 4s, .
$33,000 New Britain, Conn., 4s,
$25,000 Natick, Mass., 4s,
$5,000 Marlborough, M ass., 4s,

On
On
On
On
On
On
On
On
On

$141,000 Boston, M ass., 4s, .
$5,000 W est Springfield, Mass., 4s,
$7,125 Taunton, M ass., 4s,
$6,000 Boston, M ass., 5s,
.
.
$15,000 Portland, M e., 6 s,
$10,000 Sioux City, Iowa, 4^s,
$11,000 Sioux City, Iowa, 6 s, .
$6,000 Haverhill, Mass., 4s, .
$2,000 Woburn, Mass., 4s,

?

5

$50,000 00
50,000 00

1
I

258,000 00

.

On $2,000 Hull, M ass., 5s, .
On $29,202 H ull, M ass., 4s, .
On $18,000 Brockton, Mass., 4s, .
On $8,000 Foxborough, M ass., 4s,
On $10,000 Malden, M ass., 4s,
On $25,000 Gloucester, Mass., 4s,
On $65,000 Cambridge, M ass., 4s,
On $10,000 Milwaukee, W is., 5 s ,.
On $18,000 Brockton, M ass., 4s, .
On $2,400 Dighton, M ass., note, 5£s, .
On $26,000 Terre Haute, Ind., 4s,
On $125,000 Kansas City, M o., 4^s,
On $1,955 61 Quincy, M ass., 4s, .
On $2,000 Malden, Mass., 4s,
On $103,000 Medford, M ass., 4s, .
On $29,000 Holyoke, M ass., 4s, .
On $2,000 Middlesex County 4s, .
On $7,350 Cleveland, Ohio, 5s,
On $14,000 Boston, Mass., 4s,
On $5,000 Minneapolis, Minn., 4£s,
On $26,000 South Norwalk, Conn., 4s,
On $12,000 Minneapolis, Minn., 4s,

J
1

}

85,400 00

I

J
1
I
l

I
I

100,000 00

J
I

19,000 00
25,000 00
125,000 00

1
>

140,650 00

I

J
|

19,000 00

£

38,000 00

Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On
On
On

16 shares National City Bank, Lynn,
.
.
.
.
100 shares National City Bank, Lynn, .
.
.
.
20 shares National Exchange Bank, B oston,.
10 shares Security Safe Deposit & Trust Company, Lynn,
60 shares Security Safe Deposit & Trust Company, Lynn,
5 shares Lynn National Bank, Lynn,
.
.
.
.
2 shares First National Bank, Lynn,
.
.
.
.
10 shares Manufacturers’ National Bank, Lynn, .
2 shares Railroad National Bank, Lowell,


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

$1,600 0 0
9,000 00
800 00
5,400 00
500 00

100 00
625 00
175 00

322

REPORT OF THE

[Pub. Doc

Lynn Five Cents Savings Bank — Continued.
Loans on Railroad Bonds, amount on each : —
On $36,000 Boston & Maine R .R . 4s, .
On $5,500 Eastern R .R . 6 s...........................................
On $45,000 Old.Colony R .R . 4s, .
On
On
On
On
On
On

1

I
[

$5,000 Boston, Concord & Montreal R .R . 6 s,
$5,000 Boston, Concord & Montreal R .R . 4s,
$2,000 Old Colony R .R . 4£s, .
.
.
.
$11,000 Boston & Albany R .R . 4s,
$1,000 Fitchburg R .R . 4s,
.
.
.
.
$13,000 Old Colony R .R . 4s, .

$92,000 00

I
J
2,000
10,000
1,000
12,000

00
00
00
00

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 3^s,
of Chicago, 111., 4s, .
of Chicago, 111., 7s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 7s, .
of Fort Wayne, Ind , 6s, .
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 5s,
of Lynn, Mass., 4s, .
of Manchester, N. IL, 4s,
of iMilwaukee, Wis., 5s, .
of Newton, Mass., 5s,
of Pawtucket, R. I , 5s, .
of Peoria, 111 , 4£s, .
of Rockford, 111., 4£s,
Town of Brookline, Mass., 7s,.
of Framingham, Mass., 4s,
District of Columbia 7s, .
United States 5s,

,

$10,000
25,000
1,000
57,210
1,000
15,000
5,000
25,000
12,000
1,000
24,500
5,000
5,000
10,000
21,000
10,000
10,000
15,000
50,000

Estimated
Market Value.

$10,000
26,000
1,080
58,323
1,020
16,050
5,200
25,000
12,240
1,040
25,800
5,600
5,150
10,700
22,270
10,650
10,300
17,850
57,312

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

Amount Invested.

$9,862
25,000
1,000
57,210
1,000
15,000
5,000
25,000
12,000
1,000
24,500
5,000
5,000
10,000
21,000
10,000
10,000
15,000
50,000

50
00*
00*
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00

$302,710 $321,585 00 $302,572 50
*

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

37 Blackstone N’l Bank, Boston, .
14 Boylston N’l Bank, Boston,
17 Columbian N’l Bank, Boston,
154 Continental N’l Bank, Boston,
25 Freeman’s N’l Bank, Boston, .


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

Par Value.

$3,700
1,400
1,700
15,400
2,500

Estimated
Market Value.

$3,700
1,834
1,700
16,632
2,250

00
00
00
00
00

Amount Invested,

$3,700
1,400
1,700
17,116
2,250

00
00
00
50
00

No. 8.]

SAYINGS BANK COMMISSIONERS

323

Lynn Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks— Concluded.

Par Value.

88 •Globe National Bank, Boston,
26 N’l B’k of No. America, Boston,
253 N’l B’k of Redemption, Boston,
42 N’l B’k of the Republic, Boston,
23 Nat’l Exchange Bank, Boston,
7 N’l Hide & Leather B’k, Boston,
69 Nat’l Revere Bank, Boston,
127 National Union Bank, Boston,
30 North National Bank, Boston,
15 Shoe & Leather N’l B’k,Boston,
127 Tremont Nat’l Bank, Boston, .
30 Winthrop N’l Bank, Boston, .
50 Georgetown National Bank,
Georgetown,
93 Central National Bank, Lynn,
61 First National Bank, Lynn,
276 National City Bank, Lynn,

Estimated

Amount

Market Value.

Invested.

$8,800
2,600
25,300
4,200
2,300
700
6,900
12,700
3,000
1,500
12,700
3,000

$7,480
2,782
30,613
6,384
2,875
742
6,417
17,145
3,150
1,365
11,303
3,930

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

$7,920
2,418
30,000
4,200
2,957
682
6,900
15,500
3,000
1,500
12,700
3,000

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

5,000
9,300
6,100
27,600

5,250
13,950
8,540
49,680

00
00
00
00

5,000
11,863
6,850
39,539

00
97
00
50

$156,400 $197,722 00 $180,197 97

Detailed Statement o f Railroad Bonds.

Par Value.

Boston,Revere Beach&Lynn R.R.6s,
Fitchburg R.R 5s, .
Fitchburg R.R. 6s, .
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,

Estimated
Market Value.

Amount Invested.

$11,000
9.000
7.000
6.000
10,000

$11,330
9,390
7,210
6,180
10,900

$43,000

$45,010 00

00
00
00
00
00

$11,000
9.000
7.000
6.000
10,000

00
00
00
00
00

$43,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$830
25,114
12,620
69,272
206,400

Rate.

12
95
17
58
00

2 0 0 ,0 0 0 0 0

1^
2

per cent.

2é

3
3è
3|

“


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

Amount.

$847,050
197,500
130,000
30,000
4,000

Rate.

00
00
00
00
00

4 per cent.
4è
H
“
4|
»
4*
“

Amount.

$130,882
4,500
1,006,074
21,813
400

Rate.

00
00
81
00
00

5 per cent.
54
“
5h
“
6
H

“

324

REPORT OF THE

Lynn Five Cents Savings Bank —

[Pub. Doc.

Concluded.

Amount invested in real estate for banking purposes...........................................$33,603 75
Estimated value of the s a m e , ...............................................................................
34,000 00
Assessed value of the s a m e , ........................................................................................
32,100 00
Net income received from same during year ending Oct. 31, 1895,
.
.
1,725 02
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,
917
Aggregate amount o f the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 965
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount o f each semi-annual dividend^ 2 per cent., $54,565 18 )
during the year ending Oct. 31, 1895,
.
< 2 per cent.,
58,540 66 >
Rate and amount of any extra dividend paid during the year ending Oct.
31, 1 8 9 5 , ........................................................................................
4 per cent.,
Number of accounts opened during the year ending Oct. 31, 1895,
. 3,319
Number of accounts closed during the year ending Oct. 31, 1895,
. 2,256
Total number of open accounts Oct. 31, 1895,
.
.
.
.
17,577
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 , 1 8 9 5 , ..................................................................................................
Number of s a m e , ........................................................................................ 21,442
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ........................................................................................ 15,144
Date of examination by commissioner: April 10.


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

1,642 05
12,500 00
827,071 81

156,636 36
^

jq-

g^

’
98,149 03

9,433 75
756,840 63

648,757 11

No. 8.]

325

SAVINGS BANK COMMISSIONERS

L Y N N IN S T IT U T IO N FOR S A V IN G S — L Y N N .

Incorporated June 20, 1826.

Present number o f corporators, 60.

P h i l i p A . C h a s e , P r e s id e n t .

D . H . S w e e t s e r , T rea su rer.

D . H . S w e e t s e r , C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
P h il ip A . Ch a se ,

A mos F . B r e e d ,

W il l ia m B a ssett,

Joseph B . B r e e d .

Open for business every business day, 9

a .m

. to 1 p . m . ; and Saturday, 2.30 to 5.30 p . m .

B a l a n c e Sh e e t O c t o b e r

31, 1895.
L iab ilities .

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 ) , .......................................
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

$878,379
190,900
12,700
209,500
50,900

86

00
00
00
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$3,751,338 25
180,000 00
197,094 88

30,000 00
1,466,479 00
1,018,153 00
163,700 00
86,250 01
22,371 26
$4,128,433 13

$4,128,433 13

Cash on Deposit in Banks, amount in each : —
First National Bank, L y n n ,.................................................................................................$46,250 01
National City Bank, Lynn............................................................................................
15,000 00
Security National Bank, L y n n , ..............................................................................
25,000 00
Loans on Bank Stock, amount on each: —
On 20 shares First National Bank, L y n n , ......................................................................$2,000 00
On 30 shares First National Bank, L y n n , ...........................................................
On 70 shares Fourth National Bank, Boston.........................................................
On 10 shares Lynn Safe Deposit and Trust Company, Lynn,
On 2 shares Central National Bank, Boston,


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

3,000 00
6,500 00

326

[Pub. Doc,

REPORT OF THE

Lynn Institution for Savings — Continued.
Loan on Railroad Stock: —
On 500 shares Boston & Maine R . R . , .....................................................................$50,000 00

Detailed Statement of Public Funds.

Par Value.

City of Boston, Mass., 3£s, .
of Boston, Mass., 4s, .
of Boston, Mass., 6s, .
of Brockton, Mass., 4s,
of Cambridge, Mass., 4s,
of Cambridge, Mass., 6s,
of Chicago, 111, 4s,
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 5s,
of Cleveland, Ohio, 6s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s,
of Detroit, Mich., 4s, .
of Detroit, Mich., 7s,
of Fitchburg, Mass., 4s, . .
of Hartford, Conn., 4s,
of Haverhill, Mass., 4s,
of Holyoke, Mass., 4s, .
of Lewiston, Me., 6s, .
of Lynn, Mass., 4s,
of Milwaukee, Wis., 5s,
of Nashua, N. IL, 4s, .
of New Bedford, Mass., 6s, .
of New Haven, Conn , 7s, .
of Peoria, 111., 4is,
of Providence, R. I., 5s,
of Providence, R. I., 6s,
of Salem, Mass., 4s,
of Salem, Mass., 5s,
of Somerville, Mass., 5<|s, .
of Taunton, Mass., 4s, .
Town of Beverly, Mass., 4s,
of Peabody, Mass., 4s,
of South Abington, Mass ,4s,
County of Hampden, Mass., 3s, .
District of Columbia 6s,
United States 5s, .


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

$10,000
68,000
6,000
16,500
30,000
10,000
50,000
3,000
30,630
2,000
10,000
25,000
80,449
20,000
10,000
25,000
35,000
25,000
10,000
110,800
40,000
20,000
5,000
10,000
20,000
14,000
10,000
25,000
2,000
10,000
28,000
10,000
20,000
5,000
10,000
22,500
50,000

00
00
00
00
00
00
00
00
00
00
00
00
86
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.

$10,000
74,320
7,020
16,500
32,700
11,600
52,000
3,045
31,089
2,030
10,000
25,000
80,449
23,930
10,250
27,250
35,700
25,250
11,150
114,342
43,600
20,900
6,350
11,800
21,300
14,980
11,100
25,000
2,200
11,600
29,400
10,400
20,000
5,225
9,600
26,100
57,250

00
00
00
00
00
00
00
00
00
00
00
00
86
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$878,879 86 $934,030 86
Legal investments when made.

Amount Invested.

$10,000
68,000
6,000
16,500
30,000
10,000
50,000
3,000
30,630
2,000
10,000
25,000
80,449
20,000
10,000
25,000
35,000
25,000
10,000
110,800
40,000
20,000
5,000
10,000
20,000
14,000
10,000
25,000
2,000
10,000
28,000
10,000
20,000
5,000
9,500
22,500
50,000

00
00
00
00
00
00
00*
00
00
00
00*
00*
86
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$878,379 86

No. 8.]

327

SAYINGS BANK COMMISSIONERS.

Lynn Institution for Savings — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

58 Atlantic Nat’l Bank, Boston, .
36 Blackstone N’l Bank, Boston,
89 Columbian N’l Bank, Boston,.
45 Continental N’l Bank, Boston,
54 Everett Nat’l Bank, Boston, .
25 First National Bank, Boston, .
15 Freeman’s Nat’l Bank, Boston,
25 Mt. Vernon N’l Bank, Boston,
34 N’l B’k of No. America, Boston,
118 N’l B’k of the Republic, Boston,
55 Nat’l Exchange Bank, Boston,
50 N’l Hide & Leather B’k, Boston.,
100 Nat’l Rockland Bank, Boston,
92 National Union Bank, Boston,
59 New England N’l B’k, Boston,
75 Second National Bank, Boston,
20 Shawmut Nat’l Bank, Boston,.
15 Winthrop N’l Bank, Boston, .
301 Central Nat’l Bank, Lynn,
430 First National Bank, Lynn, .
213 National City Bank, Lynn,

$5,800
3,600
8,900
4,500
5,400
2,500
1,500
2,500
3,400
11,800
5,500
5,000
10,000
9,200
5,900
7,500
2,000
1,500
30,100
43,000
21,300

Estimated
Market Value.

$7,308
3,591
8,900
4,860
4,320
5,975
1,350
2,850
3,629
17,936
6,875
5,300
14,200
12,408
9,381
13,425
2,200
1,965
45,150
60,200
38,340

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

Amount Invested.

$5,800
3,600
8,900
4,500
5,400
2,500
1,500
2,500
3,400
11,800
5,500
5,000
10,000
9,200
5,900
7,560
2,000
1,500
30,100
43,000
21,300

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

$190,900 $270,163 00 $190,900 00

Detailed Statement o f Railroad Bo?ids.

Par Value.

Boston & Albany R.R. 5s,
Boston & Maine R.R. 4£s,
Boston & Providence R.R. 4s, .
Boston,Revere Beach & Lynn R.R. 6s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 7s,
New Haven & Derby R.R. 6s,.
N. Y., Providence & Boston R.R. 7s,
Old Colony R R. 6s,.


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

$10,000
25.000
20.000
21,000
25.000
11,500
25.000
15.000
20.000
29,000
8,000

Estimated
Market Value.

$10,500
28,875
21,000
21,630
26,000
13,800
26,750
20,400
21,600
32,480
8,240

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
25.000
20.000
21,000
25.000
11,500
25.000
15.000
20.000
29,000
8,000

00
00
00
00
00
00
00
00
00
00
00

$209,500 $231,275 00 $209,500 00

328

REPORT OF THE

Lynn Institution for Savings —

[Pub. Doc.

C oncluded.

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$46,250
40.000
70.000
50.000
25.000
35.000

Kate.

01
00
00
00
00
00

2

3
3è
3 7

Amount.

per cent.
“
“
“

S* «
H

“

Kate.

$17,500 00
1 0 0 ,0 0 0 00

663,900
116,500
152,000
11,500

00
00
00
00

3.90 percent.
3|
4
“
4%
“
4h
4|
“

Amount.

$757,619
3,900
538,001
169,212
900

Kate.

00
00
00
00
00

5 per cent.
5i
“
5è
“
6

7

Amount invested in real estate for banking purposes,.......................................
$30,000 00
40,000.00
Estimated value of the s a m e , ...............................................................................
30,000 00
Assessed value of the s a m e ,........................................................................................
1,500 00
Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 each, 450
Aggregate amount o f the s a m e , ..............................................................................
613,766 00
Total number of loans upon real e s t a t e , ................................................. 563
Gross amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
186,797 59
Times for the dividends fixed by the b y-law s: M ay 1 and November 1.
Rate and amount o f each semi-annual dividend f 2 per cent., $66,851 35 1
136,067 90
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 69,216 55 J
Number of accounts opened during the year ending Oct. 31,1895,
1,743
Number o f accounts closed during the year ending Oct. 31, 1895,
1,202
Total number of open accounts Oct. 31, 1895,
.
.
.
.
10,772
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
9,074 85
clusive of taxes),
....................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,............................................................................................................
665,805 13
Number of s a m e , ........................................................................................ 10,918
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ........................................................................................ .........
548,338 90
Number of s a m e , ...............................................................................
.
9,043
of examination by commissioner : March 15.


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Federal Reserve Bank of St. Louis

\

No. 8.]

329

SAVINGS BANK COMMISSIONERS

M A L D E N S A V IN G S B A N K — M A L D E N .

Incorporated April 2, 1860.

James P ie r c e ,

Present number of corporators, 40.

F rancis A . S hove ,

P r e s id e n t .

F rancis A . S h ove ,

T r e a su r e r .

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:

James P ie r c e ,
A . G. H il l ,
A . F . Sargen t ,

E verett J. Stevens ,
J. P. H olden ,
F . F . Sil l im a n .

Open for business every business day, 8.30 a .m . to 1 p . m . ; also Saturday, for deposits,
7 to 8.30 p .m .

B alan ce Sh eet O ctober

L ia b ilit ie s .

A ssets .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank sto c k ,.
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, 1895.

$215,000
54,500
3,700
69,000
1,371,477
541,479

00
00
00
00
00
00

29,550
41,732
708
1,895

00
77
92
46

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$2,329,043 15

$2,203,483 15
6 6 ,0 0 0 00

3,820 62
55,739 38

$2,329,043 15

Cash on Deposit in Banks, amount in each: —
Freeman’s National Bank, Boston,
.
.
.
.
First National Bank, M a l d e n , .......................................

$19,732 32
2 2 ,0 0 0 45

Loans on Bank Stock, amount on each: —
On
On
On
f On

shares First National Bank, Newburyport,
5 shares Warren National Bank, Peabody, .
5 shares First National Bank, Malden, .
9 shares First National Bank, Malden, .

8

On 20 shares Third National Bank, Boston,
On 2 shares Blackstone National Bank, Boston, .
On 4 shares Union Market National Bank, Watertown,


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Federal Reserve Bank of St. Louis

$ 1 0 0 00

500 00
500 0 0
600 00
2 ,0 0 0 00

330

EEPOET OF THE

[Pub. Doc

Malden Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 3^s,
of Cleveland, Ohio, 5s, .
of Fall River, Mass., 6s, .
of Malden, Mass., 3fs,
of Malden, Mass., 4s,
of Milwaukee, Wis , 5s, .
of Newton, Mass., 6s,
Town of Brookline, Mass., 7s,
of Clinton, Mass., 4s,
of Ipswich, Mass., 4s, .
of Orange, Mass., 4s,
County of Aroostook, Me., 4£s,

$5,000
1,000
10,000
5,000
33,000
108,500
15,500
5,000
10,000
1,000
10,000
1,000
10,000

Estimated
Market Value.

$5,900
1,030
10,650
6,050
33,000
112,000
16,032
5,600
10,650
1,050
10,600
1,030
10,500

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

Amount Invested.

$5,000
1,000
10,000
5,000
33,000
108,500
15,500
5,000
10,000
1,000
10,000
1,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00*

$215,000 $224,092 00 $215,000 00
* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

23
20
25
8
15
25
10
11
30
13
12
55
28
73
20
7
5
14
10
16
47
10
68

Par Value.

Atlantic N’l Bank, Boston,
Atlas National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Hamilton N’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k,Boston,
National Revere Bank, Boston,
Nat’l Rockland Bank, Boston,
North National Bank, Boston,
Old Boston Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston,
First National Bank, Malden,


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Federal Reserve Bank of St. Louis

$2,300
2,000
2,500
800
1,500
2,500
1,000
1,100
3,000
1,300
1,200
5,500
2,800
7,300
2,000
700
500
1,400
1,000
1,600
4,700
1,000
6,800
$54,500

Estimated
Market Value.

$2,898
2,460
2,700
1,040
3,600
2,250
1,070
1,034
4,800
1,456
1,272
6,655
2,296
9,125
2,120
630
910
1,500
1,090
1,760
5,300
890
10,200

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

$67,056 00

Amount Invested

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

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

$54,500 00

No. 8.]

331

SAYINGS BANK COMMISSIONERS.

Malden Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4s, .
Concord & Claremont R.R. 4 Js,
Concord & Montreal R R. 4s, .
Old Colony R.R. 6s,.
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ..................................
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................

Estimated
Market Value.

Amount Invested.

$3,000
2,000
3,000
10,000
25,000
1,000

00
00
00
00
00
00

00
00
00
00
00
00

$3,000
2,000
3,000
10,000
25,000
1,000

$3,060
2,020
3,120
10,700
26,000
1,030

15,000

17,250 00

15,000 00

10,000

11,900 00

10,000 00

$69,000

$75,080 00

$69,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.

Amount.

$41,732 77
50.000 00
1 0 0 ,0 0 0 00

Kate.

2

3
3|

per cent.
“

Amount.

Rate.

Amount.

Rate.

$258,550 00
25.000 00
96.000 00

4 per cent.

$624,975 00
241,190 00
550,491 00

5 per cent.
5è
“
6
“

4\

“

Number o f loans which are of an amount not exceeding $3,000 each,
626
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 708
Gross amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $37,637 64 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
39,555 17 i
Number of accounts opened during the year ending Oct. 31, 1895,
1,778
Number of accounts closed during the year ending Oct. 31, 1895,
1,035
Total number of open accounts Oct. 31, 1895,
.
.
.
.
8,162
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­

$830,128 00

106,704 61

77,192 81

clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year

6,973 70

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ........................................................................................14,133
Amount of withdrawals, including dividends, during the year ending Oct.

532,084 97

31, 1 8 9 5 , .....................................................................................................................
Number of same............................................................................................. 8,819
Date of examination by commissioner : April 29.

373,838 01


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Federal Reserve Bank of St. Louis

332

REPORT OF THE

[Pub. Doc.

M A R B L E H E A D S A V IN G S B A N K — M A R B L E H E A D .

Incorporated March 18, 1871.

N. P . S anbohn ,

Present number of corporators, 56.

W il lia m G il l e y ,

P r e s id e n t .

E verett Pa in e ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
N. P. Sanborn ,
H en ry A . P otter ,
W il l ia m R eynolds ,
Sam uel D . S m ith ,
James N . P a r k e r .

Open for business every business day, 9

a .m

. to 12 m . ; also Saturday, 6 to 8 p . m .

B ala n 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, .
Real estate by foreclosure,
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,
.
.
.
.

31, 1895.

L ia b ilit ie s .

$56,998 36
58,272 04
2 ,1 0 0 00

75,532
11,661
151,662
138,543

23
51
00
25

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$507,839 63
13,195 97
15,314 12
362 56

1 0 ,0 0 0 00

24,874 03
858 18
6 ,2 1 0 68

$536,712 28

$536,712 28

Cash on Deposit in Bank : —
Marblehead National Bank, M a r b le h e a d ,........................................................... $24,874 03
Loan on Bank Stock : —
On 22 shares National Grand Bank, M a r b l e h e a d , ....................................... $2,100 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

333

Marblehead Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Cleveland, Ohio, 5s,
of Indianapolis, Ind., 4s, .
of Portsmouth, N. H., 4s,
Town of Marblehead, Mass., 4s,
County of Aroostook, Me., 4£s,

$8,000
4,000
10,000
10,000
14.000
10.000
$56,000

* A

Estimated
Market Value.

$8,520
4,040
10,300
10,200
14,630
10,500

00
00
00
00
00
00

$58,190 00

Amount Invested.

$8,000
4,000
10,297
10,000
14,000
10,701

00
00
10
00
00
26*

$56,998 36

legal investment when made.

1 No. of
[ Shares.

Detailed Statement o f Bank, Stocks.

20 Blackstone N’l Bank, Boston,.
31 Boylston Nat’l Bank, Boston, .
25 Continental N’l Bank, Boston,
5 Hamilton Nat’l Bank, Boston, .
9 Market Nat’l Bank, Boston, .
25 Merchants’ N’l Bank, Boston,.
20 Mt. Vernon N’l Bank, Boston,
19 N’l B’k of Commerce, Boston,
25 N’l B’k of No. America, Boston,
29 N’l B’k of Redemption, Boston,
24 N’l B’k of the Republic, Boston,
32 N’l Hide & Leather B’k, Boston,
4 National Revere Bank, Boston,
25 North National Bank, Boston,
25 Shawmut Nat’l Bank, Boston,.
21 Shoe & Leather N’l B’k, Boston,
58 State National Bank, Boston, .
8 Winthrop Nat’l Bank, Boston,
54 Marblehead National Bank,
Marblehead,
38 Nat’l Grand Bank, Marblehead,


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Federal Reserve Bank of St. Louis

Par Value.

$2,000
3,100
2,500
500
900
2,500
2,000
1,900
2,500
2,900
2,400
3,200
400
2,500
2,500
2,100
5,800
800

Estimated
Market Value.

$2,000
4,061
2,700
535
720
3,875
2,280
2,109
2,668
3,509
3,648
3,392
372
2,625
2,750
1,911
6,496
1,048

00
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00

Amount Invested.

$2,000
3,839
2,687
591
900
3,331
2,505
2,440
2,778
4,067
3,072
3,744
400
3,056
3,084
2,100
6,300
800

00
50
50
25
00
25
20
00
12
25
00
00
00
25
37
00
45
00

5,400
3,800

5,400 00
4,484 00

5,935 75
4,639 15

$49,700

$56,583 75

$58,272 04

334

REPORT OF THE

[Pub. Doc.

Marblehead Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Fitchburg R.R. 4is, .
.
.
.
Fitchburg R.R. os, .
.
.
.
Maine Central R.R. 4is, .
Upper Coos R.R. 4s,
. . .
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

$10,000
7,000
5,000
20,000
10,000
5,000

Estimated
Market Value.

$10,200
7,350
5,050
21,580
10,800
4,850

Amount Invested.

00
00
00
00
00
00

$10,000
7,000
5,000
21,102
10,000
5,000

00
00
00
37
00
00

15,000

17,850 00

17,429 86

$72,000

$77,680 00

$75,532 23

Total Amount of Loans, with Each Specified Rate o f Interest.

Rate.

Amount.

$24,874 03

2

2 0 ,0 0 0 00

4

5,000 00

H

per cent.
“
“

Amount.

$50,102 50
] 0 ,0 0 0 00
102,600 00

Rate.

4J per cent.
4|
5
“

Amount.

$13,150 00
101,452 75

Rate.

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, 1895,
Number of loans which are of an amount not exceeding $3,000 each, .
85
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 93

per cent.
“

$11,661 51
15,650 00
798 19
83,168 75

Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1895.............................................................................................
Times for the dividends fixed by the by-la w s: M ay 1 and November 1.
Rate and amount o f each semi-annual dividends 2 per cent., $8,923 39 )
during the year ending Oct. 31, 1895,
.
A 2 per cent.,
9,209 52 >
Number of accounts opened during theyear ending Oct. 31, 1895,
. 296
Number of accounts closed duringthe year ending Oct.31, 1895,
. 222

24,956 99

18,132 91

Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,149
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­

627 70

ing Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ............................................................................... 1,782
Amount o f withdrawals, including dividends, during the year ending Oct.

93,456 00

3 1 , 1 8 9 5 , ................................................. ....................................................................
Number of s a m e , ............................................................................... 1,420
Date of examination by commissioner: June 14.

86,112 36


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Federal Reserve Bank of St. Louis

No.* 8.]J

SAYINGS BANK COMMISSIONERS

335

M AR LB O RO U G H S A V IN G S B A N K — M AR LB O RO U G H .

Incorporated April 3, 1860.

Present number of corporators, 96.

S. H e r b e r t H o w e , P r e s id e n t .
C harles F . H olyoke , T r e a s u r e r .
C harles F . H olyoke , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
S. H erber t H o w e ,
L orim an S. B r ig h a m ,
W inslow M . W a r r e n ,
W il lia m D . B urdett ,
B enjamin F . G r e e l y .

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 la 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 (for banking pur­
poses),
.......................................
Real estate by foreclosure,.
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,
.
.
.
.

31, 1895.

L ia b ilit ie s .

$387,000 00
210,275 00
160,625 00
56,074
5,405
927,528
68,567

90
22
62
50

48,000
70,619
2,610
3,317

00
07
62
89

$1,940,023 82

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$1,810,929 73
71,116 00
15,577 30
42,400 79

$1,940,023 82

Cash on Deposit in Banks, amount in each : —
First National Bank, Marlborough..............................................................................$35,266 05
People’s National Bank, Marlborough,.....................................................................35,353 02


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

336

Marlborough Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Brockton, Mass., 4s, .
of Cambridge, Mass., 4s,.
of Cambridge, Mass., 6s,.
of Chelsea, Mass., 4s,
of Detroit, Mich., 4s,
of Fitchburg, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass , 4s,
of Keene, N. IT, 4s,
of Lawrence, Mass., 4s, .
of Lewiston, Me., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Providence, R. I., 4s, .
of Providence, R. I., 5s, .
of Springfield, Mass., 7 s,.
of Taunton, Mass., 6s,
of Waltham, Mass., 4s, .
of Waterbury, Conn., 4s,.
of Worcester, Mass., 3¿s,
of Worcester, Mass., 4s, .
Town of Arlington, Mass., 4s,.
of Athol, Mass., 4s,
of Clinton, Mass., 4s,
of Gt. Barrington, Mass., 4s,.
of Melrose, Mass., 4s, .
of Pawtucket, R. L, 4s, .
of Pawtucket, R. I., 5s, .
of Peabody, Mass., 4s, .
of Wakefield, Mass. 4s,.
of Weymouth, Mass., 4s,
of Wellesley, Mass., 4s,
of Winchester, Mass., 4s,


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Federal Reserve Bank of St. Louis

$30,000
11,000
15,000
5,000
3,000
10,000
5,000
23,000
10,000
5,000
10,000
20,000
7,000
12,000
10,000
42,000
6,000
2,000
10,000
4,000
1,000
4,000
15,000
5,000
5,000
5,000
7,000
5,000
9,000
5,000
10,000
3,000
10,000
15,000
10,000
8,000
15,000
15,000

Estimated

Amount

Market Value.

Invested.

00 $31,825 00 $30,000 00
11,000 00
12,980 00
00
15,000 00
15,900 00
00
5,000 00
5,200 00
00
3,000 00
3,197 00
00
10,000 00
10,262 50
00
5,000 00
5,550 00
00
24,260 00 23,000 00
00
10,000 00
10,300 00
00
5,000 00
5,225 00
00
10,000 00
10,200 00
00
20,000 00
20,900 00
00
7,000 00
8,400 00
00
12,000 00
12,140 00
00
10,000 00
10,550 00
00
00 43,950 00 42,000 00
6,000 00
6,342 50
00
2,000 00
2,250 00
00
10,000 00
11,200 00
00
4,000 00
4,620 00
00
1,000 00
1,047 50
00
4,000 00
4,050 00
00
15,000 00
15,127 50
00
5,000 00
5,250 00
00
5,000 00
5,025 00
00
5,000 00
5,600 00
00
7,000 00
7,385 00
00
5,000 00
5,300 00
00
9,000 00
9,382 50
00
5,000 00
5,287 50
00
10,000 00
10,650 00
00
6,000 00*
3,060 00
00
10,000 00*
10,350 00
00
15,000 00
15,825 00
00
10,000 00
10,380 00
00
8,000 00
8,395 00
00
15,000 00
15,200 00
00
15,562 50
15,000 00
00

$387,000 00 $408,129 50 $387,000 00
*

Legal investments when made.

No. 8.J

337

SAVINGS BANK COMMISSIONERS

Marlborough Savings Bank — Continued.

1 No. o f
Shares.

Detailed Statement o f Bank Stocks.
Estimated
Market Value.

Amount Invested.

!

Par Value.

8U
33
50
12
88
45
62
70
12
40
50
25
35
70
50
50
10
15
64
42
150
50
76
75
15
60
25
50
50
50
65
50
70
80
30
15
30
97
100
14
16

Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Fourth National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston,
Merchants’ Nat'l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston, .
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
Nl’ B’k of the Republic, Boston,
National City Bank, 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, .
Shawmut Nat’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Winthrop 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 National Bank, Worcester,


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

$8,000
3,300
5,000
1,200
8,800
4,500
6,200
7,000
1,200
4,000
5,000
2,500
3,500
7,000
5,000
5,000
1,000
1,500
6,400
4,200
15,000
5,000
7,600
7,500
1,500
6,000
2,500
5,000
5,000
5,000
6,500
5,000
7,000
8,000
3,000
1,500
3,000
9,700
10,000
1,400
1,600

$9,840
3,300
5,000
1,584
9,504
5,850
5,270
9,310
1,440
3,560
4,250
2,675
3,290
7,000
4,000
8,000
1,110
1,665
6,784
5,082
22,800
4,050
6,232
9,375
1,590
5,400
3,375
5,200
5,450
4,500
7,280
5,250
6,370
7,120
3,930
1,875
4,110
10,379
11,000
1,120
2,880

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

$8,000
3,300
5,000
1,200
8,800
4,500
6,200
7,000
1,200
4,000
5,000
2,500
3,500
7,000
5,000
5,000
1,000
1,500
6,400
4,200
17,875
5,000
7,600
7,500
1,500
6,000
2,500
5,0' '0
5,000
5,000
6,500
5,000
7,000
8,000
3,000
1,500
3,000
9,700
10,300
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
00
00
00
00
00
00
00
00
00
00
00

$207,100 $227,800 00 $210,275 00

REPORT OF THE

338

[Pub. Doc

Marlborough Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R 4s,.
Boston & Providence R.R. 4 s,.
Fitchburg R.R. 4£s, .
.
.
.
Maine Central R.R. 4£s, .
Old Colony R.R. 4s,.
Old Colony R.R. 4£s,.
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,
Upper Coos R.R. 4£s,
Worcester, Nashua & Roch. R.R. 4s,

$20,000
15,000
5,000
15,000
5,000
20,000
5,000
40,000
3,000
1,000
10,000
11,000
10,000

Estimated
Market Value.

Amount
Invested.

00 $21,200 00 $20,625 00
00
15,325 00
15,000 00
00
5,050 00
5,000 00
00
15,750 00
15,000 00
00
5,250 00
5,000 00
00
20,150 00
20,000 00
00
5,300 00
5,000 00
00 43,000 00
40,000 00
00
3,172 50
3,000 00
00
1,035 00
1,000 00
00
10,925 00
10,000 00
00
11,000 00 11,000 00
00
10,150 00
10,000 00

$160,000 00 $167,307 50 $160,625 00

Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.

$70,619 07
98,500 00

2

Rate.

Amount.

Rate.

per cent.

$197,825 00
215,675 00

4£ per cent.
5
“

4

Amount.

$10,865 00
521,231 12

Rate.

6

Amount invested in real estate for banking p u rp ose s,.......................................
Estimated value of the same...........................................................................................
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 o f the same.............................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 579
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 642
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , .........................................................................................
Times for the dividends fixed by the b y-la w s: third Wednesday in January
and July.
Rate and amount of each semi-annual dividend f 2 percent., $32,119 101
during the year ending Oct. 31, 189 5 ,.
.
1 2 per cent.,
33,294 0 5 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 947
Number o f accounts closed during the year ending Oct. 31, 1895,
. 684
Total number of open accounts Oct. 31, 1895,
.
.
.
.
5,406


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

per cent.
“

$56,074 90
56,074 90
41,065 00
5,405 22
6,000 00
492,583 62

86,988 93

65,413 15

No. 8.]

SAYINGS BANK COMMISSIONERS.

Marlborough Sayings Bank —

339

Concluded.

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................

$5,782 06

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895.......................................................................................................

401,912 00

Number of same.............................................................................................. 4^87
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 5 , .....................................................................................................................
Number of s a m e , ........................................................................................ 3 795
Date of examination by commissioner : March 29.


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

338,909 62

[Pub. Doc.

REPORT OF THE

340

M E C H A N IC S ’ S A V IN G S B A N K — H O LY O K E .

Incorporated March 16, 1872.

L emuel Sears ,

Present number of corporators, 39.

C h arles B . P rescott ,

P r e s id e n t .

E d w a r d W . C h a pin ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:

R osw ell P. C rafts ,
Joel S. W e b b e r ,
E d w a r d C. T a ft ,
L emuel S ears ,
S tephen C. W e l d .

Open for business every business day, except Saturday, 9 a . m . to 4
a . m . to 12 m . ; Thursday, 7 to 8 p . m .

p .m

Saturday, 9

.;

B a l a n c e Sh e e t O ctober 31, 1895.

L iab ilit ie s .

A ssets .

Bank stock as per schedule,
Loans on bank stock, .
Furniture and fixtures,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest,
Expense account,
Cash on hand,
.
.
.
.

.

$58,646
30,510
2,407
7,600
661,398
276,939
1,762
54,975
2,892
6,112

50
00
00
00

00
00
00
14
15
56

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,103,242 35

$1,037,252 41
30,796 00
22,597 86
12,596 08

$1,103,242 35

Cash on Deposit in Banks, amount in each : —
$44,975 14
10,000 00

City National Bank, Holyoke,
.
Third National Bank, Springfield,

Loans on Bank Stock, amount on each : —
On
On
On
On
On

13 shares
shares
10 shares
10 shares
10 shares

68

Hadley Palls National Bank, Holyoke,
Third National Bank, Springfield, .
Second National Bank, Springfield,
Hadley Falls National Bank, Holyoke,
Holyoke National Bank, Holyoke,


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

I

$8,000 00

2, 200 00

No. 8.]

SAYINGS BANK COMMISSIONERS

3 41

Mechanics’ Savings Bank, Holyoke — Continued.
On
On
On
On
On
On
On
On
On
On

$800 00

shares Agawam National Bank, Springfield,
5 shares Holyoke National Bank, Holyoke, .
10 shares Park National Bank, Holyoke,
10 shares Springfield National Bank, Springfield,
25 shares City National Bank, Holyoke,
63 shares City National Bank, Holyoke,
46 shares Hadley Falls, National Bank, Holyoke,
7 shares Chicopee National Bank, Springfield,
18 shares Second National Bank, Springfield,
23 shares Third National Bank, Springfield, .

8

On 25 shares Home National Bank, Holyoke,

I

1,500 00
1,000 00
2,000 00

12,710 00

J
2,300 00

.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

22
193
102
3
50
20
50

Par Value.

Shoe & Leather NT B’k,Boston,
City National Bank, Holyoke,
Hadley Falls NT B’k, Holyoke,
Holyoke Nart’l Bank, Holyoke,
Home National Bank,Holyoke,
First Nat’l Bank, Springfield,.
Third Nat’l Bank, Springfield,

$2,200
19,300
10,200
300
5,000
2,000
5,000
$4.4,000

Estimated
Market Value.

$2,200
22,195
16,830
498
5,750
2,800
10,000

Amount Invested.

00
00
00
00
00
00
00

$60,273 00

$3,008
21,500
16,310
498
5,750
3,080
8,500

50
00
00
00
00
00
00

$58,646 50

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$54,975 14

Rate.

4 per cent.

Amount.

$968,134 00

Rate.

5 per cent.

Amount.

$2,475 00

Rate.

6

per cent.

$7,600 0 0
6,500 00
Assessed value of the s a m e , ........................................................................................
300 00
Net income received from same during year ending Oct. 18, 1895,
Number of loans which are of an amount not exceeding $3,000 each, 224
291,350 00
Aggregate amount of the same......................................................................................
Total number of loans upon real e s t a t e , ................................................. 238
Gross amount of interest or profits received or earned, as per books, during
47,995 42
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-laws : second Monday in M ay and
November.
Rate and amount o f each semi-annual dividend f 2 per cent., $17,813 97 1
36,388 63
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 18,574 6 6 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 543
Number of accounts closed during the year ending Oct. 31, 1895,
. 396
Total number of open accounts Oct. 31, 1895.......................................
2,751
Value, by books, of real estate held or owned by foreclosure or otherwise,


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

342

REPORT OF THE

[Pub. Doc.

Mechanics’ Savings Bank, Holyoke — C onclud ed .
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ),............................................................................................................
Amount o f deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,...........................................................................................................
Number of s a m e , ........................................................................................ 4,032
Amount of withdrawals, including dividends, during the vear ending Oct.
31, 1 8 9 5 , .............................................................................. .........
Number of s a m e , ........................................................................................ 2,308
Date of examination by commissioner: June 13.


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

$5,638 71
245,756 75

198,232 27

No. 8.]

SAVINGS BANK COMMISSIONERS

343

M E C H A N IC S ’ SA V IN G S B A N K — L O W E L L .
Incorporated March 1, 1861.

Present number of corporators, 52.

J e rem iah Cl a r k , P r e s id e n t .
C h as . C. H utchinson ,

C h as . C. H utchinson ,
C le r k o f th e

T rea su rer.

C o r p o r a tio n .

Names of committee charged with the investment of its funds:

Jacob R ogers ,
J ohn D a v is ,
James F ran cis ,
C has . C. H utchinson ,
Clarence H . N elson .

Open for business every business day, 9

a .m

. to 1 p . m . ; also Saturday, 7 to 9 p . m .

B a la n c e Sh ee t O ctober

A ssets .

31, 1895.
L ia b ilit ie s .

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank sto c k ,.
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,
Suspense..............................................
Cash on hand,
.
.
.
.

$228,000 00
1 ,0 0 0 00

264,250 00
6,600 00
204,500 00
84.000
15.000
1,074,963
393,016
85,175
2,284
2,741
8,274

Deposits, .
Guaranty fund,
Interest account,
Rents,

$2,236,992
94,000
20,182
18,631

00
00
41
52

00
00
00
97
25
34
93
44

$2,369,805 93

$2,369,805 93

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston............................................................... $4,862 65
Appleton National Bank, Lowell...............................................................................
25,000 00
Old Lowell National Bank, L o w e l l , .....................................................................
10,000 00
Railroad National Bank, L o w e l l , .....................................................................
45,312 60
Loan on Public Funds : —
On $1,000 City of Lowell 4

s

, ...............................................................................$1,000 00

Loans on Bank Stock, amount on each: —
On 55 shares Railroad National Bank, L o w e l l ,................................................. $5,500 00
On 75 shares First National Bank, L o w e ll,............................................................
1,100 00


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

[Pub. Doc

REPORT OF THE

344

Mechanics’ Savings Bank, Lowell — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Concord, N. H., 4s,
of Lowell, Mass., 4s,
of Lynn, Mass , 4s, .
of Marlborough, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Newton, Mass., 4s,
of Providence, R. L, 4s, ,
of Waltham, Mass., 4s, .
of Waterbury, Conn., 4s,.
Town of Arlington, Mass., 4s,.

$30,000
10,000
16,000
10,000
20,000
57,000
10,000
20,000
10,000
25,000
20,000
$228,000

Estimated
Market Value.

$32,700
10,600
17,600
10,500
21,400
60,990
10,600
22,600
10,500
26,250
21,000

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$30,000
10,000
16,000
10,000
20,000
57,000
10,000
20,000
10,000
25,000
20,000

00
00
00
00
00
00
00
00
00
00
00

$244,740 00 $228,000 00

Detailed Statement o f Bank Stocks.
O

c/5

Estimated
Market Value.

o£
^ 55
106
66
63
25
90
8
65
13
265
100
10
45
37
281
83
9
40
200
160
100
105
43
20
39
100

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Hamilton N’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ N’l B’k, Boston,
Metropolitan N’l B’k, Boston,
Mt. Yernon N’l 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,
National City Bank, 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 Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut N’l Bank, Boston, .
Suffolk Nat’l Bank, Boston,


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

$10,600
6,600
6,300
2,500
9,000
800
6,500
1,300
26,500
10,000
1,000
4,500
3,700
28,100
8,300
900
4,000
20,000
16,000
10,000
10,500
4,300
2,000
3,900
10,000

$13,038
6,600
6,300
3,325
7,200
1,912
6,955
1,261
42,400
9,300
1,140
4,995
3,959
34,000
12,616
729
3,320
21,200
14,880
10;400
16,695
4,515
3,580
4,290
10,500

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

$11,660
6,600
7,056
2,500
9,000
800
8,000
1,300
36,800
10,000
1,000
5,040
3,700
32,315
9,960
900
4,000
21,000
19,200
9,600
15,500
5,160
2,500
4,290
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

No. 8.]

345

SAYINGS BANK COMMISSIONERS.

Mechanics’ Savings Bank, Low ell — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

28
30
117
68

Par Value.

Collateral Loan Co., Boston, .
Bay State N’l B’k, Lawrence, .
Railroad Nat’l Bank, Lowell, .
First National Bank, Malden,

$2,800
2,250
11,700
6,800

Estimated
Market Value.

$3,556
3,600
15,444
10,880

Amount Invested.

$2,800
2,250
13,839
7,480

00
00
00
00

00
00
00
00

$230,850 $278,590 00 $264,250 00

Detailed Statement o f Railroad Bonds.

Par Value.

$50,000
50.000
25.000
25.000
25.000
25.000
2,000

Boston & Maine R.R. 4£s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s, .
Maine Central R.R. 4^s,
Salem & Lowell R.R. 6s,

Estimated
Market Value.

$57,750
52.000
25.250
26,750
25.250
27.000
2,100

Amount Invested.

00
00
00
00
00
00
00

$52,500
50.000
25.000
25.000
25.000
25.000
2,000

00
00
00
00
00
00
00

$202,000 $216,100 00 $204,500 00

Total Amount o f Loans, with Each Specified Bate o f Interest.

Rate.

Amount.

$4,862
55,312
25.000
50.000

65
60
00
00

per cent.
«
3
“
3è
“

2
2è

Rate.

Amount.

$25,000
279,000
146,600
871,794

00
00
00
97

3J per cent.
4
“
4è
“
5
«

Rate.

Amount.

$5,260 00
95,425 00
2,500 00

Amount invested in real estate for banking p u r p o se s,........................................
Estimated value of tbe sa m e ,........................................................................................
Assessed value o f the same.............................................................................................
Net income received from same during year ending Oct. 31, 1895,

5J per cent.
6

“

7

$84,000 00
80,000 00
65.000 00
2,737 85

Value, by books, of other 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 e a c h ,. 375
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 460


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

15.000 00
26,200 0 0
448,038 00

REPORT OF THE

346

[Pub. Doc.

Mechanics’ Savings Bank, Low ell — Concluded.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 3 1 ,1 8 9 5 ,........................................................................................ $104,514 55
Times for the dividends fixed by the by-laws :

first Saturday in June

and December.
Rate and amount of each semi-annual dividend f 2 per cent., $41,353 12 )
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 42,402 53 )
Number o f accounts opened during the year ending Oct. 31, 1895,
. 662
Number o f accounts closed during the year ending Oct. 31, 1895,
. 514
Total number of open accounts Oct. 31, 1895,
.
.
.
.
5,034
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ........................................................................................ 3,621
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number o f s a m e , ........................................................................................ 3,364
Date of examination by commissioner : October 1.


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

^

^

5,792 57
306,291 88

289,450 86

No. 8.]

347

SAYINGS BANK COMMISSIONERS.

M E C H A N IC S ’ S A V IN G S B A N K — R E A D IN G .

Incorporated March 20, 1891.

Present number of corporators, 12.

J a m e s W i g h t , P r e s id e n t .

G eo. E . B a t c h e l d e b , T reasu rer.

E d g a r N . H u n t , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
Ja m e s W i g h t ,

G eo. E . Ba tc h e e d e r ,
W il l ia m A . L a n g .

Open for business every business day, 8.30 to 11

B alan c e Sh eet O ctober

a .m

31, 1895.

L iab ilit ies .

A ssets .

Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,.
Loans on real estate, .
Deposits in banks, not on interest,

. ; 2.30 to 4 p . m .

$2,051 11
1 ,0 1 0 00

6,203 44
25,235 00
5,346 61

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$39,300 24
131 89
414 03

$39,846 16

$39,846 16

Cash on Deposit in B a n k : —
First National Bank, R e a d i n g , ...............................................................................$5,346 61*

Detailed Statement o f Public Funds.

Tar Value.

Town of Reading, Mass., 4s, .


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

*

$2,000

Estimated
Market Value.

$2,051 11

Since reduced within the legal limit.

Amount Invested.

$2,051 11

348

REPORT OF THE

[Pub. Doc.

Mechanics’ Savings Bank, Reading — Concluded.
Detailed Statement o f Bank Stocks.
o 2
o
^ a5
10

Par Value.

Market Value.

$ 1 ,0 0 0

$1,050 00

First National Bank, Reading,

Amount Invested.

$ 1 ,0 1 0 0 0

Detailed Statement o f Bailroad Bonds.

Par Value.

Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4£s, .
Upper Coos R.R. 4s,
.

.

.

Estimated
Market Value.

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

$2,008
2,130
1,070
995

$6,000

$6,203 44

Amount Invested.

44
00
00
00

$2,008
2,130
1,070
995

44
00
00
00

$6,203 44

Total Amount o f Loans, with Each Specified Bate of Interest.
Amount.

$ 1 1 ,0 0 0 00

Hate.

5 per cent.

Amount.

$14,235 00

6

Hate.

Amount.

Kate.

per cent.

-

-

Number of loans which are of an amount not exceeding $3,000 each,

19

Aggregate amount of the s a m e , ...............................................................................$25,235 00
Total number of loans upon real e s t a t e , ................................................. 19
Gross amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the b y -la w s: first Saturday in June
and December.
Rate and amount of each semi-annual dividend f 2 per cent.,
$327 45 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
473 28 i
Number of accounts opened during the year ending Oct. 31, 1895,
143
Number of accounts closed during the year ending Oct. 31, 1895,
53
Total number of open accounts Oct. 31, 1895,
.
.
.
.
272
Total expenses of tbe corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
.................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895.......................................................................................................
Number of s a m e , ........................................................................................
408
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , ........................................................................................
14 4
Date of examination by commissioner: January 10.


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

1,142 41

g0Q

26 60
26,796 15

7,084 96

349

SAYINGS BANK COMMISSIONERS.

No. 8.]

M ED FORD S A V IN G S B A N K — M ED FORD.

Incorporated Feb. 26, 1869.
D

a n ie l

W . L

aw rence

Present number of corporators, 83.

, P r e s id e n t.

J. G i l m a n W

C

a it e

harles

B. B

u ss,

T r e a su r e r

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fund s:
D

a n ie l

W . L

D

a n ie l

A. G leaso n ,

aw rence

F

,

Ch
B

rank

M. B a r r e t t ,
F. H a v e s ,

arles

e n j.

E. C h a n d le r .

Open for business every business day, 8 to 11

a .m

.

; 3 to 6

p .m

.

; also Saturday, 7 to 9

p .m

.

B a la n c e S h e e t O ctober 31, 1895.

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, .
Cash on hand,
.
.
.
.

$139,500 00
32,100 00
42,940 00
2 2 ,0 0 0 00

L ia b ilit ie s .

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,256,068 78
33,000 00
28,493 12
8,113 48

793,300 00
193,700 00
67,000 00
30,257 60
4,877 78
$1,325,675 38

$1,325,675 38

Cash on Deposit in Banks, amount in each : —
National Bank of Commerce, Boston,.....................................................................$ 15,194 76
National Exchange Bank, Boston, ' .....................................................................
15,062 84


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

350

REPORT OF THE

[Pub. Doc

Medford Savings Bank — Continued.
Detailed ¡Statement o f Public Funds.

Par Value.

City of Biddeford, Me., 4s,
of Fall River, Mass., 6s, .
of Lynn, Mass., 5s, .
of Providence, R. I., 4s, .
of Waltham, Mass., 4s, .
Town of Aldington, Mass., 4s,.
of Beverly, Mass., 4s, .
of Hartland, Me , 4£s, .
of Medford, Mass., 4s, .
of Natick, Mass , 4s,
of Wellesley, Mass., 4s,

$14,500
3.000
5.000
25.000
15.000
5.000
15.000
12.000
25.000
5.000
15.000

Estimated
Market Value.

$14,500
3,660
5,500
27,500
15.000
5,200
15.750
12.000
25.750
5,050
15,600

00
00
00
00
00
00
00
00
00
00
00

$139,500 $145,510 00
*

Amount Invested.

$14,500
3.000
5.000
25.000
15.000
5.000
15.000
12.000
25.000
5.000
15.000

00
00
00
00
00
00
00
00*
00
00
00

$139,500 00

A legal investment when made.

I Ko. of
Shares.

Detailed Statement o f Bank Stocks.

22 Blackstone N’l Bank, Boston,.
25 Boston National Bank, Boston,
20 Commercial N’l Bank, Boston,
15 Continental N’l B’k, Boston, .
15 Hamilton Nat’l Bank, Boston,.
10 Market Nat’l Bank, Boston, .
25 Monument N’l Bank, Boston, .
12 N’l B’k of Commerce, Boston,
40 National Bank of the Commonwealth, Boston,
15 N’l B’k of the Republic, Boston,
10 National Eagle Bank, Boston,
20 N’i Hide & Leather B’k,Boston,
4 National Revere Bank, Boston,
6 Nat’l Webster Bank, Boston, .
20 North National Bank, Boston,
25 Suffolk National Bank, Boston,
12 Winthrop Nat’l Bank, Boston,
25 Central National Bank, Lynn,.


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

Par Value.

Estimated
Market Value.

Amount Invested,

$2,200
2,500
2,000
1,500
1,500
1,000
2,500
1,200

$2,200
2,500
1,600
1,605
1,605
800
5,875
1,344

00
00
00
00
00
00
00
00

$2,200
2,500
2,000
1,500
1,500
1,000
2,500
1,200

00
00
00
00
00
00
00
00

4,000
1,500
1,000
2,000
400
600
2,000
2,500
1,200
2,500

5,520
2,280
820
2,120
360
624
2,140
2,625
1,572
3,750

00
00
00
00
00
00
00
00
00
00

4,000
1,500
1,000
2,000
400
600
2,000
2,500
1,200
2,500

00
00
00
00
00
00
00
00
00
00

$32,100

$39,340 00

$32,100 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

Medford Savings Bank —

¿51

C oncluded.

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 44s, .
.
.
.
Portland & Kennebec R.R. 6s,
Portland & Ogdensburg R.R. 6s,
Troy & Boston R.R. 7s, .

Estimated
Market Value.

$25,000
5.000
5,500
6.000

$25,250
5,000
6,022
8,400

$41,500

$44,672 50

Amount Invested.

00
00
50
00

$25,000
5,000
5,500
7,440

00
00
00
00

$42,940 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$30,257 60
25,000 00
159,000 00

Rate.

2
34

4

per cent.
“
“

Amount.

$25,000 00
27,200 00
456,200 00

Rate.

4£ per cent.
44
“
5
“

Amount.

$37,900 00
323,700 00

Rate.

54 per cent.
6

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 , ........................................................................................
Number o f loans which are of an amount not exceeding $3,000 each,. 366
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 404
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................

“

$ 22,000 00
22,000 00
20,450 00
538,600 00

59,832 11

Times for the dividends fixed by the b y-la w s: second Saturday in May
and November.
Rate and amount of each semi-annual dividend f 2 per cent., $20,792 85 )
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
21,989 74 J
Number of accounts opened duringthe year ending Oct.31, 1895,
. 672
Number of accounts closed during the yearending Oct. 31,1895,
. 388
Total number of open accounts Oct. 31, 1895,
.
.
.
.
3,905
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes).......................................................................................... .
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ............................................................................... 4,813
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 5 , ............................................................................................................
Number of s a m e , ................................................................................3,237
Date of examination by commissioner: May 20.


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

42,782 59

3,733 25
338,554 00

251,528 06

[Pub. Doc

REPORT OF THE

352

M E D W A Y S A V IN G S B A N K — M E D W A Y .

Incorporated Feb. 20, 1871.

Present number of corporators, 38.

M ilton M. F is h e r , P r e s id e n t.
F r e d e r ic k L. F is h e r ,

F r e d e r ic k

L. F is h e r ,

T rea su rer.

C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fund s:

W ales K im b a l l ,
S umner R obbins ,
W . H . Ca r e y .

M . M . F is h e r ,
A . M . B. F u lle r ,
S. G. Cl a r k ,

Open for business every business day, 9 a .m . to 12 m . ; 2 to 5 p . m .

B

alance

Sh e e t O cto ber

L ia b il it ie s .

As s e t s .

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 ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

31, 1895.

$32,500
27,010
2,468
50,500
4,988
132,609
27,286

00
00

79
00
55
00
90

Deposits, .
Guaranty fund,
Interest account,

$271,361 01
12,800 93
6,350 64

6 ,2 0 0 00

475 00
4,558 65
1,915 69
$290,512 58

$290,512 58

Cash on Deposit in Banks, amount in each : —
Central National Bank, B o s t o n ,............................................................................... $2,381 91
Howard National Bank, B o sto n ,...............................................................................
2,176 74
Loans on Bank Stock, amount on each: —
On 20 shares Central National Bank, B o s t o n , ................................................. $1,750 00
On 5 shares Dedham National Bank, D e d h a m ,.................................................
On 9 shares National Hide and Leather Bank, Boston,
.
.
.
.


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

200 00
518 79

No. 8.]

SAYINGS BANK COMMISSIONERS

353

Medway Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Cleveland, Ohio, 6s, .
of Cleveland, Ohio, 7s, .
of Detroit, Mich., 6s,
of Fort Wayne. Ind., 6s, .
of Grand Kapids, Mich , 4^s, .
of Grand Rapids, Mich., 5s,
of Keene, N. H., 6s,.
of New London, Conn., 7s,
of Portland, Me.. 6s,
of Springfield, Ohio, 5s, .
of Waltham, Mass., 4s, .
Town of Andover, Mass., 4s, .
of Melrose, Mass., 4s, .
County of Aroostook, Me , 4£s,

$2,000
1,000
2,000
1,000
2,000
3,000
2,000
500
1,000
2,000
3,000
5,000
2,000
1,000
5,000
$32,500

*

Estimated
Market Value.

$2,136
1,030
2,073
1,235
2,110
3,311
2,213
509
1,143
2,090
3,259
5,241
2,040
1,050
5,287

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

$34,727 00

Amount Invested,

$2,000
1,000
2,000
1,000
2,000
3,000
2,000
500
1,000
2,000
3,000
5,000
2,000
1,000
5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*

$32,500 00

A legal investment when made.

No. o f 1
Shares. 1

Detailed Statement o f Bank Stocks.

6

18
30
30
10
25
10
15
15
20
20
12
20
17
20
3

Tar Value.

Atlas National Bank, Boston,.
Boston National B’k, Boston, .
Central Nat’l Bank, Boston, .
First Ward N’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market N’l Bank, Boston,
Mt Vernon N’l Bank, Boston,
N’l Hide & Leather B’k, 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,
Wrentham N’l B’k, WTentham,


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

$600
1,800
3,000
3,000
1,000
2,500
1,000
1,500
1,500
2,000
2,000
1,200
2,000
1,700
2,000
210
$27,010

Estimated
Market Value.

$756
1,800
3,900
3,900
970
2,500
800
1,710
1,590
1,860
2,200
1,572
2,040
1,870
1,700
240

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

$29,408 00

Amount Invested.

$600
1,800
3,000
3,000
1,000
2,500
1,000
1,500
1,500
2,000
2,000
1,200
2,000
1,700
2,000
210

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

$27,010 00

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

No. 8.]

SAYINGS BANK COMMISSIONERS.

355

Medway Savings Bank — Concluded.
Rate and amount of each semi-annual dividend j 2 per
during the year ending Oct. 31, 1895,
.
. I 2 per
Number of accounts opened during the year ending Oct
Number o f accounts closed during the year ending Oct.
Total number of open accounts Oct. 31, 1895,
.
.

cent.,
$4,811 05 1
c en t, 4,968 15 i
31, 1895,
. 149
31, 1895,
. 101
.
.
1,145

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
.................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , .................................................................................................. 1,135
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , .................................................................................................. 1,035
Date of examination by commissioner: January 11.


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

$9,779 20

1,091 19
98,817 17

94,895 45

356

REPORT OF THE

[Pub. Doc

M ELRO SE S A V IN G S R A N K -M E L R O S E .

Incorporated April 5, 1872.

D an iel R ussell ,

Present number of corporators, 20.
33. H . Goss, T r e a s u r e r .

P r e s id e n t .

John L a r r a b e e ,

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:

G eorge N e w h a l l ,
D a n ie l N orton ,
S eth E . B enson .

Open for business every business day, 2 to 5 p . m . $ also Saturday, 7 to 8 p . m .

B alan c e Sh eet O ctober

31, 1895.

A ssets.

Public funds as per schedule, .
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, .
Cash on hand,
.
.
.
.

L ia b il it ie s .

$126,000 00

Deposits, .
Guaranty fund,
Interest account,

7 ,2 0 0 00

175 00
463,728 55
12,664 00

$673,697 57
12,220 90
35,680 93

.

40,000 00
68,025 58
3,806 33
$721,599 46

$721,599 40

Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, Boston,
"Winthrop National Bank, Boston,
.
Melrose National Bank, Melrose,
.

.
.
.

.
.
.

.
.
.

.

.

.

.

.

.

.

*

$19,448 60
19,937 32
28,639 70

.

.

■.

.

$175 0 0

Loan on Bank Stock: —
On 2 shares Melrose National Bank, Melrose,


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

.

*

No. 8.]

SAYINGS BANK COMMISSIONERS.

357

Melrose Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Altoona, Pa , 4s, .
of Boston, Mass., 4s,
of Brockton, Mass., 5s, .
of Columbus, Ohio, 4s, .
of Portland, Me., 6s,
Town of Melrose, Mass., 4s, .
of Winchester, Mass., 4s,

Estimated
Market Value.

$6,000
7.000
8.000
5.000
5.000
90,000
5.000

$6,120
7,140
9,200
5,050
6,250
93,650
5,255

Amount Invested.

00
00
00
00
00
00
00

$6,000
7.000
8.000
5.000
5.000
90,000
5.000

00
00
00
00*
00
00
00

$126,000 $132,665 00 $126,000 00
*

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

27
45

Par Value.

Everett N’l Bank, Boston,
Freeman’s N’l Bank, Boston, .

Estimated
Market Value.

Amount Invested.

$2,700
4,500

$2,060 00
4,050 00

$2,700 00
4,500 00

$7,200

$6,110 00

$7,200 00

Total Amount o f Loans, with Each Specified Bate o f Interest.

A m o u n t.

$ 6 8 ,0 2 5 5 8
4 0 ,0 0 0 0 0

Eate.

2 p er cen t.
3i}

A m ou n t.

$ 4 5 ,7 3 2 0 0
1 ,5 0 0 0 0

E a te.

5 p er cen t.
5h

A m ou n t.

$ 4 2 9 ,3 3 5 5 5

Eate.

6 p er cen t.

“

Number o f loans which are of an amount not exceeding $3,000 each, 326
Aggregate amount of the s a m e , ...............................................................................$390,649 55
Total number of loans upon real e s t a t e , ................................................. 327
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
32,916 87
Times for the dividends fixed by the by-law s: January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $10,666 19 1
^ 145 93
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 11,479 79 J
’
Number of accounts opened during the year ending Oct. 31, 1895,
. 715
Number of accounts closed during the year ending Oct. 31, 1895,
Total number of open accounts Oct. 31, 1895.........................................


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

.

453
3,484

[Pub. Doc

REPORT OF THE

358

Melrose Savings B ank— C on clu d ed .
Total expenses of the corporation for the year ending Qct. 31, 1895 (ex­
clusive of t a x e s ) , ....................................................................................... $2,522
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895,

.

.

.

.

«

•

•

«

•

•

•

Number of same, ........................................................................................ 5,302
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895,
Number of s a m e , ........................................................................................ 3,231

Date of examination by commissioner : March 19.


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

65
286,698 98

221,492 99

No. 8.]

SAYINGS BANK COMMISSIONERS.

359

M ER R IM A C SA V IN G S B A N K — M E R R IM A C .

Incorporated April 19, 1871.

Present number of corporators, 47.

W il l ia m H . H a s k e l l , P r e s id e n t .
W il lia m B. Sargen t ,

D a n ie l J. P oore ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:

W il l ia m H. H ask e ll ,
T hos . H . H oyt ,
H. 0 . D elano .

Open for business every business day, except Saturdays, 8.30 a . m . to 12 m .; 1.30 to
3 p . m .; Saturdays, 8.30 a . m . to 12 m .

B

alance

Sh e e t O cto ber

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,
Loans on railroad stock,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,

31, 1895.

$100,000
7,600
9,950
56.000
800
3,807
220,572
70,200
50.000
1,315

00
00
00
00
00
31
00
00
00
81

$520,245 12

Deposits, .
Guaranty fund,
Protit and loss
count, .

$496,072 20
22,908 98
ac­
1,263 94

$520,245 12

Cash on Deposit in Banks, amount in each: —
Essex National Bank, H a v e r h i l l , .....................................................................$15,000 00
First National Bank, M e rrim a c ,...............................................................................
36,315 81


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

[Pub. Doc

REPORT OF THE

360

Merrimac Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On
On
On

11 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 ,.......................................
6 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 ,.......................................
19 shares Haverhill Safe Deposit and Trust Company, Haverhill,
20 shares Manufacturers’ National Bank, Boston,
15 shares Essex National Bank, H a v e r h ill,........................................
10 shares First National Bank, H a v e r h i l l ,........................................
5 shares Merrimack National Bank, Haverhill,
.
.
.
.

$

1,100 00
1,000
600
1,000
1,900

00
00
00
00

4,000 00
350 00

Loan on Railroad Stock : —
On 10 shares Boston & Maine R . R . , .....................................................................

$800 00

Detailed Statement o f Public Funds.

Par Value.

City of Concord, N. H., 4s,
of Dayton, Ohio, 4s,
of Fall iiiver, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Keene, N. FI., 4s,.
of Lynn, Mass., 4s, .
of Meriden, Conn., 4s,
of Newton, Mass., 4s,
of Quincy, Mass., 4s,
of Stamford, Conn., 4s, .
of Waterbury, Conn., 4s,.
Town of Auburn, Me., 4s,
County of Aroostook, Me., 4^s,

Estimated
Market Value.

$7,000
8,000
7,000
20,000
2,000
5,000
5,000
5,000
11,000
5,000
5,000
5,000
15,000

$7,385
8,000
7,525
20,400
2,070
5,125
5,112
5,225
11,100
5,225
5,250
5,250
15,900

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

$100,000 $103,567 50

Amount Invested.

$7,000
8,000
7,000
20,000
2,000
5,000
5,000
5,000
11,000
5,000
5,000
5,000
15,000

00
00*
00
00
00
00
00
00
00
00
00
00
00*

$ 1 0 0 ,0 0 0 0 0

* Legal investments when made.

' No. o f
Shares.

Detailed Statement o f Bank Stocks.

8
17
10
36
10

Tar Value.

Powow River National Bank,
Amesbury, .
.
.
.
Blackstone N’1 Bank, Boston, .
First National Bank, Lynn,
First Nat’l Bank, Merrimac, .
Oeean N’I Bank,Newburyport,


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

$800
1,700
1,000
3,600
500
$7,600

Estimated
Market Value.

$1,200
1,700
1,400
5,580
500

00
00
00
00
00

$10,380 00

Amount Invested.

$800
1,700
1,000
3,600
500

00
00
00
00
00

$7,600 00

No. 8.]

361

SAVINGS BANK COMMISSIONERS.

Merrimac Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R 4s,
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R 4s, .
Fitchburg R.R. 4£s, .
.
.
.

$5,000
20,000
11,000
15,000
5,000
$56,000

Estimated
Market Value.

$5,050
20,800
11,440
15,000
5,325

Amount Invested.

00
00
00
00
00

$57,615 00

$5,000
20,000
11,000
15,000
5,000

00
00
00
00
00

$56,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Kate.

Amount.
$35,000 00
10,000 00
60,500 00

4
4^

per cent.
“
“

Amount.

Kate.

Amount.

$113,575 00
11,400 00

5 per cent.
5à
“

$120,74 7 00
300 00

Kate.

6 per cent.
7

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, 1895,
Number of loans which are of an amount not exceeding S3,000 each ,. 171

$3,807 31
3,300 00
73 56

Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 168
Gross amount of interest or profits received or earned, as per books, dur­

150,922 00

ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-laws : third Wednesday in April

24,912 29

and October.
Rate and amount of each semi-annual dividend f 2 per cent., $9,434 18 1
during the year ending Oct. 31, 1895,
.
. t 2 per cent., 9,482 18 )
Number of accounts opened during the year ending Oct. 31, 1895,
. 128
Number of accounts closed during the year ending Oct. 31, 1895,
.
98
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,483
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

18,916 36

clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year end­

1,863 82

ing Oct. 31, 1895..............................................................................................................
Number of s a m e , ....................................... ......... ................................................ 705
Amount of withdrawals, including dividends, during the year ending Oct.

55,891 04

31, 1 8 9 5 , .....................................................
Number of s a m e , .................................................
Date of examination by commissioner : July 12.


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

65,991 44

362

REPORT OF THE

[Pub. Doc.

M E R R IM A C K R IV E R S A V IN G S B A N K — L O W E L L .

Incorporated Feb. 24, 1871.

J. G. P eabody ,

Present number of corporators, 28.

N . G. L amson , T r e a s u r e r .
N . G. L amson , C le r k o f th e C o r p o r a tio n .

P r e s id e n t .

Names of committee charged with the investment of its fund s:

R . G. B a rtlett ,
C. F. V a r n u m ,
F rancis J ew e t t ,

H . C. H o w e ,
C. E . A dam s ,
N . G. L amson .

Open for business every business day, 9 a .m . to 1 p . m . ; Saturday, 7 to 9 p . m .

Balance

Sh e e t O cto b er

A ssets .

31, 1895.

L ia b il it ie s .

Bank stock as per schedule,
.
Loans on bank sto c k ,.
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, .
Cash on hand,
.
.
.
.

$109,450
4,200
61,000
8,500
786,739
388,899
3,700
50,148
2,580

25
00
00
00
22
88
00
21
23

$1,415,217 79

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,308,674 39
41,000 00
264 75
65,278 65

$1,415,217 79

Cash on Deposit in Banks, amount in each : —
Old Lowell National Bank, Lowell,
W amesit National Bank, Lowell,

$15,000 00
35,148 21

Loans on Bank Stock, amount on each : —
On 5 shares W amesit National Bank, Lowell,
On 17 shares Wamesit National Bank, Lowell,
On 20 shares Wamesit National Bank, Lowell,


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

$500 00
1,700 00
2,000 00

No. 8.]

363

SAYINGS BANK COMMISSIONERS

Merrimack River Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

25 Atlantic Nat’l Bank, Boston, .
45 Atlas National Bank, Boston, .
17 Blackstone N’l Bank, Boston, .
50 Boston National Bank, Boston,
20 Columbian Nat’l Bank, Boston,
15 Continental N'l Bank, Boston,
20 Eliot National Bank, Boston, .
28 Faneuil Hall N’l Bank, Boston,
23 Fourth National Bank, Boston,
20 Globe National Bank, Boston,
35 Hamilton Nat’l Bank, Boston,.
40 Howard Nat’l Bank, Boston, .
40 Metropolitan N’l B’k, Boston,
79 N’l Hide & Leather B’k, Boston,
62 N’l B’k of No. America. Boston,
104 N’l B’k of Redemption, Boston,
51 N’l B’k of Commerce, Boston,
7 Nat’l Webster Bank, Boston, .
15 North National Bank, Boston,
34 Old Boston N’l Bank, Boston,
55 Shawmut Nat’l Bank, Boston,
7 State National Bank, Boston, .
25 Suffolk National Bank, Boston,
55 Tremont Nat’l Bank, Boston, .
102 Wamesit Nat’l Bank, Lowell,

$2,500
4,500
1,700
5,000
2,000
1,500
2,000
2,800
2,300
2,000
3,500
4,000
4,000
7,900
6,200
10,400
5,100
700
1,500
3,400
5,500
700
2,500
5,500
10,200

Estimated
Market Value.

$3,150
5,535
1,700
5,200
1,940
1,620
2,600
3,724
2,760
1,700
3,745
3,880
3,720
8,374
6,510
12,584
5,661
728
1,605
3,706
6,022
784
2,600
4,895
14,280

00
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.

$2,845
4,500
1,700
5,000
2,000
1,837
2,405
3,654
2,300
2,000
3,844
4,000
4,000
8,292
7,351
12,491
6,076
700
1,500
3,554
6,592
700
2,500
5,500
14,105

00
00
00
00
00
50
00
00
00
00
50
00
00
50
50
50
75
00
00
50
50
00
00
00
00

$97,400 $109,023 00 $109,450 25

Detailed Statement o f Railroad Bonds.
Estimated
Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 6s,
Cheshire R.R. 6s,
Fitchburg R.R. 4s..............................
Fitchburg R.R. 4^s............................
Lowell & Lawrence R.R. 6s, .


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

Market Value.

Amount Invested.

$20,000
1,000
2,000
10,000
25,000
3,000

$20,600
1,010
2,100
10,000
25,800
3,105

00
00
00
00
00
00

$20,000 00
1,000 00
2,000 00
10,000 00
25,000 00
3,000,00

$61,000

$62,615 00

$61,000 00

364

REPORT OF THE

[Pub. Doc.

I

Merrimack River Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Bate o f Interest.
Amount.

$35,148
15.000
191,000
67.000

Bate.

21
00
00
00

2 per cent.
2è
“
4
“
4|
»

Amount.

$85,500 00
65,000 00
608,864 22

Bate.

4^ per cent.
4|
“
5
“

Amount.

$89,049 88
75,685 00
1,440 00

Bate.

5^ per cent.
6
“
7
“

Value, by books, of real estate held or owned by foreclosure or otherwise,
$8,500
Assessed value of the s a m e , ........................................................................................ 10,850 00
Net income received from same during year ending Oct. 31,1895,
.
.
307
N umber of loans which are of an amount not exceeding $3,000 each,. 155
Aggregate amount of the s a m e , ...............................................................................
228,975
Total number of loans upon real estate,
.
.
.
.
.
.
243
Gross amount of interest or profits received or earned, as per books, during
64,886
year ending Oct. 31, 1895............................................................................................
Times for the dividends fixed by the b y-la w s: first Saturday in M ay and
November.
Rate and amount of each semi-annual dividend f 2 per cent., $23,766 20 ]
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
24,592 96 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 372
Number of accounts closed during the year ending Oct. 31, 1895,
. 235
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,493
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes)............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895.....................................................................................................
Number of s a m e , ........................................................................................ 1,780
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895,
.....................................................................................................................
Number of s a m e , ........................................................................................ 1,635
Date of examination by commissioner : April 26.


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

00
12
00

71

g-g ^
’

3,926 00
186,955 63

161,911 87

No. 8.]

365

SAYINGS BANK COMMISSIONERS

M ID D LEB O R O U G H S A Y IN G S B A N K — M ID D LEB O R O U G H .

Incorporated March 15, 1873.

E verett R obinson , P r e s id e n t .
A ndrew M. W ood ,

Present number of corporator 36.

A n d r e w M. W ood,

T rea su rer.

C le r k o f th e C o r p o r a tio n »

Names of committee charged with the investment of its fu n d s:

E verett R obinson ,
James H . H a r l o w ,

M atthew H . C ushing ,
Sprague S. Stetson .

Open for business every business day, 9 a . m . to 12
7 to 8 p . m .

B

alance

Siie St O c t o b e r

. ; 2 to 4 p .m . j also Saturday,

31, 1895.
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),
.......................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
.
Beposits in banks, on interest, .
Cash on hand,
.
.
.
.

m

Deposits, .
Guaranty fund,
Interest account,

$144,300 00
12,900 00
61,000 00
33,248
13,827
427,430
83,803

.

$892,154 21
29,000 00
17,621 17

09
02
88
43

87,805 00
70,290 68
4,170 28
$938,775 38

$938,775 38

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

$7,918 78

First National Bank, Merrimac, .
.
. t .
Middleborough National Bank, Middleborough,

10,000 00

First National Bank, New Bedford,
Pynchon National Bank, Springfield, .

10,000 00

Mechanics’ National Bank, Boston,
Winthrop National Bank, Boston,


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

.
.

.

4,668 74

*

*

7,703 16
30,000 00

[Pub. Doc

REPORT OF THE

366

Middleborough. Savings B a n k — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass , 4s,
of Canton, Ohio, 5s,
of Dayton, Ohio, 5s,
of Dayton, Ohio, 6s,
of Dover, N. H., 4s,
of Fort Wayne, Ind., 4£s,
of Grand Rapids, Mich., 5s,
of Lynn, Mass., 4s, .
of Oshkosh, Wis , 4£s,
of Rockford, 111., 4£s,
of Springfield, Ohio, 6s, .
of Youngstown, Ohio, 6s,
United States 5s,

$6,000
32,400
10,000
6,000
5,000
5,000
12,000
15,000
22,000
10,000
4,000
6,900
10,000

Estimated
Market Value.

$6,090
33,560
11,250
6,060
5,050
5,350
12,000
15,600
23,255
10,650
4,080
7,277
11,463

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

Amount Invested.

$6,000
32,400
10,000
6,000
5,000
5,000
12,000
15,000
22,000
10,000
4,000
6,900
10,000

00
00
00*
00*
00
00
00
00
00
00
00
00
00

$144,300 $151,685 00 $144,300 00
* Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

Nat’l Webster Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Middleborough National B’k,
Middleborough, .
30 National Bank of Commerce,
New Bedford,
11 Plymouth N’l B’k, Plymouth,

33
21
22
12

Estimated
Market Value.

Amount Invested.

$3,300
2,100
2,200

$3,432 00
2,200 00
1,958 00

$3,300 00
2,100 00
2,200 00

1,200

1,200 00

1,200 00

3,000
1,100

2,550 00
1,265 00

3,000 00
1,100 00

$12,900

$12,605 00

$12,900 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Fitchburg R.R. 4s, ,
.
.
.
Fitchburg R.R. 4^s, .
.
.
.
Fitchburg R.R. 5s..............................


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

$20,000
1,000
5,000
8,000

Estimated
Market Value.

$20,400
1,015
5,050
8,610

00
00
00
00

Amount Invested.

$20,000
1,000
5,000
8,000

00
00
00
00

No. 8.]

367

SAYINGS BANK COMMISSIONERS.

Middleborough Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

5.000
10,000
7.000
5.000

Fitchburg R.R. 6s, .
Old Colony R.R. 4s,.
Old Colony R R. 6s,.
Portland & Ogdensburg R.R. 6s,

$61,000

Estimated

Amount Invested.

Market Value.

5,150
10,700
7,135
5,450

5.000
10,000
7.000
5.000

00
00
00
00

00
00
00
00

$61,000 00

$63,510 00

Total Amount o f Loans, with Each Specified Rate of Interest.

Kate.

Amount.

$4,668
17,703
17,918
10,000

74
16
78
00

2 per cent.
“
3
“
H

“

Amount.

$78,150
15,455
11,500
52,880

Kate.

00
00
00
00

4 per cent.
4!

5

Amount.

Kate.

$19,337 33
441,716 98

5J per cent.
6
“

“
“

Amount invested in real estate for banking purposes,.......................................
Estimated value of the s a m e , ..............................................................................
Assessed value of the same, land o n l y ,.....................................................................
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,

$33,248 09
33,248 09
5,000 00
13,827 02
12,395 00

591

Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 455
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-la w s: first Monday in April and
October.
Rate and amount of each semi-annual dividend 5 2 per cent., $16,383 81 )
during the year ending Oct. 31,1895,
.
. ( 2 per cent.,
16,964 78 >
Number of accounts opened during the year ending Oct. 31, 1895,
. 436
Number of accounts closed during the year ending Oct. 31, 1895,
. 281
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,998
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

393,176 98

47,228 64

33,348 59

clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year

2,375 82

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of same............................................................................................. 2,658
Amount o f withdrawals, including dividends, during the year ending Oct.

160,104 61

31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , ........................................................................................ 1,817
Date of examination by commissioner: May 14.

136,946 17


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

368

REPORT

OF

[P ub. D oc.

THE

M ID D L E S E X IN S T IT U T IO N - FOR SA V IN G S — CONCORD.

Incorporated March 4, 1835.

Samuel H oak ,

Present number o f corporators, 20.

H e n r y J. H osmee ,

P r e s id e n t .

H erber t W . II osMe r ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment of its fund s:

Samuel H oar ,
C has . H . W alcott ,

L orenzo E aton ,
C h arles E . B ro w n .

Open for business every business day, 9 a m . to 2 p .m .

Balance

Sh e e t O c t o b e r

31, 1895.

L ia b il it ie s .

A ssets.

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
( n o t e s ) , .......................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
.
Real estate,.......................................

$238,700 00
199,000 00
8,589
4,000
439,240
446,550

68
00
00
00

63,400
19,396
5,252
2,111
153

00
45
83
14
60

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,426,393 70

$1,319,292 88
65,000 00
31,072 28
11,028 54

$1,426,393 70

Cash on Deposit in Banks, amount in each: - 1National Union Bank, Boston,
.
Concord National Bank, Concord,


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

.
.

.
.

.
.

.
.

.
.

.
.

.
.

.
.

$19,396 45
5,252 83

N o. 8 .]

S A Y IN G S

BANK

369

C O M M IS S IO N E R S

Middlesex Institution for Savings — Continued.

No. of I
Shares. I

Detailed Statement o f Bank Stocks.

Tar Value.

66 Blackstone N’l Bank, Boston,.
100 Boston Nat’l Bank, Boston,
50 Central Nat'l Bank, Boston, .
58 Columbian N’l Bank, Boston,.
27 Continental N'l Bank, Boston,
150 Eliot National Bank, Boston, .
100 Faneuil Hall N’l B’k, Boston,.
28 First National Bank, Boston, .
21 Hamilton Nat‘1 Bank, Boston, .
175 Howard Nafl Bank, Boston, .
50 Lincoln Nat’l Bank, Boston, .
50 Market Nat’l Bank, Boston, .
150 Merchants’ N’l Bank, Boston,.
103 N’l B'k of Commerce, Boston,
100 N’l B’k of No. America, Boston,
100 National City Bank, Boston, .
125 National Eagle Bank, Boston,
72 N’l Hide & Leather B’k, Boston,
200 National Revere Bank, Boston,
100 Nat’l Webster Bank, Boston, .
6 Old Boston N’l Bank, Boston,
45 Second Nat'l Bank, Boston,
100 Shawmut Nat’l Bank, Boston,
100 Shoe & Leather N’l B'k, Boston,
111 State National Bank, Boston, .
100 Tremont Nat’l Bank, Boston, .
100 Concord Nat’l Bank, Concord,

$6,600
10,000
5,000
5,800
2,700
15,000
10,000
2,800
2,100
17,500
5,000
5,000
15,000
10,300
10,000
10,000
12,500
7,200
20,000
10,000
600
4,500
10,000
10,000
11,100
10,000
10,000

Estimated
Market Value.

$6,600
10,000
6,500
5,626
2,916
19,500
13,350
6.713
2,247
16,450
3,900
4,000
24,000
11,536
10,600
8,100
10,343
7,632
18,000
10,400
654
8,010
10,950
9,000
12,432
8,900
15,000

00
00
00
00.
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$6,600
10,000
5,000
5,800
2,700
15,000
10,000
2,800
2,100
17,500
5,000
5,000
15,000
10,300
10,o00
10,000
12,500
7,200
20,000
10,000
600
4,500
10,000
10,000
11,100
10,000
10,000

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

$238,700 $263,359 75 $238,700 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R 4£s,
Concord & Montreal R R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R R. 6s,
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 4s, .
Maine Central R It. 4^s, .
Sullivan County R.R. 4s,.


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

$25,000
47.000
10.000
37.000
20.000
25.000
5,000
20.000
10,000

Estimated
Market Value.

$29,000
48,880
10,500
44.400
20,200
26,750
5,050
21,600
10.400

00
00
00
00
00
00
00
00
00

Amount Invested.

$25,000
47,0.00
10,000
37.000
20.000
25.000
5,000
20.000
10,000

00
00
00
00
00
00
00
00
00

$199,000 $216,780 00 $199,000 00

370

REPORT

OF

[P ub. Doc,

THE

Middlesex Institution for Savings — Concluded.
Total Amount of Loans, with Each Specified Bate o f Interest.

Amount.

$19,396
33,400
184,000
150,500

Bate.

45
00
00
00

2 per cent.
4
“
H

“

H

“

Amount.

$25,000
53,000
268,900
62,200

00
00
00
00

Kate.

Amount.

Kate.

4§ per cent.
41
5
“
oè
“

$166,090 00
5,400 00
700 00

6 per cent.
64
“
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 ,.........................................................................................
Value, by books, of other real estate held or owned by foreclosure or

$8,589 68
8.589 68
5,500 00

4,000 00
o th e r w i s e ,......................................................................................................................
4,100 00
Assessed value of the s a m e , ........................................................................................
212 97
Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 e a c h ,. 178
232,640 00
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 181
8.589 68
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
64,443 45
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the b y-la w s: first Tuesday in June and
December.
Rate and amount o f each semi-annual dividend f 2 per cent., $23,874 26 j
48,529 78
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
24,655 52 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 487
Number of accounts closed during the year ending Oct. 31, 1895,
. 386
Total number of open accounts Oct. 31, 1895,
.
.
.
.
4,055
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
5,244 68
clusive of t a x e s ) , ..................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1895, .
...............................................................................
Number o f s a m e , ........................................................................................ 2,698
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , .............................................................................
.
2,337
Date of examination by commissioner: March 22.


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

221,840 59

204,113 86

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S

371

M ILFO R D SA V IN G S B A N K — M ILFO R D .

Incorporated April 24, 1851.

J ohn P. D an ie l s ,

Present number of corporators, 45.

J ames E . W a l k e e ,

P r e s id e n t .

James E . W a l k e r ,

T r e a su r e r .

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :

C h arles F . C l a f l in ,
J ohn P. D a n ie l s ,
Jesse A . T a ft .

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 .

B a l a n c e Sh eet O ctober

A sset s.

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),
.......................................
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,

31,1895.

L ia b il it ie s .

$255,500
182,278
15,830
151,000
26,500

00
99
(X)
00
00

25,000
11,913
616,916
432,670

00
00
00
00

Deposits, .
Guaranty fund,
Profit and loss account,

$1,773,195 14
53,766 33
9,592 97

98,600 00
10,231 24
10,115 21
$1,836,554 44

$1,836,554 44

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
Milford National Bank, Milford, .

$1,281 24
19,115 21

Loans on Bank Stock, amount on each: —
On
On
On
On

25
27
15
10

shares Home National Bank, Milford,
shares Milford National Bank, Milford, .
shares Central National Bank, Boston,
shares National Market Bank, Brighton, .


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

$ 2, 200-00

5,000 00

372

REPOET

OF

[P ub. Doc

THE

Milford Savings Bank — Continued.
On 54 shares Milford National Bank,M i l f o r d ,.......................................................... $5,000 00
On 20 shares Milford National Bank,M i l f o r d ,................................................
2,000 00
On 2 shares Milford NationalBank, Milford..........................................................
180 00
On 7 shares Milford National Bank, Milford......................................................
650 00
On 8 shares Milford National Bank, Milford......................................................
800 00

Loans on Railroad Stock, amount

on each : —

On 10 shares Boston & Albany R . R . , ............................................................................... $1,500 00
On 240 shares Boston & Maine R . R . , .....................................................................
25,000 00

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Bridgeport, Conn., 4s,
of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, 4s,
of Grand Rapids, Mich., 4£s, .
of New Britain, Conn , 4s,
of Newport, R. L, 4s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
of Somerville, Mass., 4s,
of Woonsocket, R. I., 4s,
Town of Beverly, Mass , 4 s , .
of Framingham, Mass., 4s, .
of Maynard, Mass., 4s, .
of Milford, Mass., 6s, .
of Weymouth, Mass , 4s,
United States 4s,
. . .

Estimated
Market Value.

$27,620 00
$25,000
6,420 00
6,000
14,400 00
14,000
6,600 00
6,( 00 ,
15,300 00
15,000
6,600 00
6,000
20,600 00
20,000
10,800 00
10,000
2,500 00
2,000
28,600 00
25,000
20,450 00
20,000
15,375 00
15,000
15,900 00
15,000
20,000
20,900 00
20,000
21,200 00
10,000
10,300 00
10,650 00
10,000
16,500
18,397 50

Amount Invested.

$25,000
6,000
14,000
6,000
15,000
6,000
20,000
10,000
2,000
25,000
20,000
15,000
15,000
20,000
20,000
10,000
10,000
16,500

00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00

$255,500 $272,612 50 $255,500 00
*

A legal investment when made.

' No. o f ]|
Shares. |

Detailed Statement o f Bank Stocks.

10
50
15
7
150

Tar Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,
Boylston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .


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

$1,000
5,000
1,500
700
15,000

Estimated
Market Value.

$1,260
6,150
1,500
924
19,500

00
00
00
00
00

Amount Invested.

$1,530
6,500
1,500
1,070
22,000

00
00
00
12
00

N o . 8 .]

S A Y IN G S

BANK

373

C O M M IS S IO N E R S

Milford Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

25
48
40
42
100
110
5
25
100
30
47
4
78
100
2
40
100
18
75
263

Par Value.

Continental N’l B’k, Boston, .
Eliot National Bank, Boston, .
Freeman’s N’l Bank, Boston,
Howard Nat’l Bank, Boston, .
National Bank of the Commonwealth, Boston,
N’l B’k of Redemption, Boston,
Nat’l Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k,Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston,
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Washington N’l Bank, Boston,
Home Nat’l Bank, Brockton, .
Hopkinton N’l B’k, Hopkinton,
Home National Bank, Milford,
Milford Nat’l Bank, Milford,

Estimated
Market Value.

Amount Invested.

$2,500
4,800
4,000
4,200

$2,700
6,240
3,600
3,948

00
00
00
00

$2,955
5,682
5,360
4,496

25
99
00
00

10,000
11,000
500
2,500
10,000
3,000
4,700
400
7,800
10,000
200
4,000
10,000
1,800
7,500
26,300

13,900
13,310
410
3,125
10,600
2,700
6,345
416
8,346
10,900
180
4,320
17,500
1,800
11,250
39,450

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

13,900
15,655
588
3,581
10,659
3,000
7,496
400
10,766
12,057
274
5,505
10,000
1,800
7,500
28,000

00
00
75^
25
50
00
50
00
63.
50
50
00
00
00
00
00

$148,400

$190,374 00 $182,278 99

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Fitchburg R.R.’ 4s, .
;
Fitchburg R.R. 5s, .
Milford & Woonsocket R.R. 5s,
Old Colony R.R. 4s,
. . .
Old Colony R.R. 6s,.
Portland & Ogdensburg R R. 6s,
Worcester, Nashua & Rocli. R.R. 4s,


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

$25,000
20,000
10,000
15.000
15.000
15.000
4.000
10.000
2.000
15.000
20.000
$151,000

Estimated
Market Value.

$26,375
20,800
10,500
17,475
15,150
16,875
4,360
10.900
2,080
15.900
20,800

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$25,000
20,000
10,000
15.000
15.000
15.000
4.000
10.000
2.000
15.000
20.000

00
00
00
00
00
00
00
00
00
00
00

$161,215 00 $151,000 00

374

REPORT

OF

[P ub. Doc

THE

Milford Savings Bank— Concluded.
Total Amount o f Loans, with Each Specified Rale o f Interest.

Amount.

$10,231
311,700
20,000
158,000

Bate.

24
00
00
00

2

per cent.

4

“

4i

“

H

“

Amount.

Kate.

$154,400 00
438,476 00
11,800 00

4^ per cent.
5
“
5h
“

Amount.

$92,175 00
950 00
3,015 00

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 year ending Oct. 31, 1895,
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 o f an amount not exceeding S3,000 each, 372

Bate.

6 per cent.
6£
7

$25,000
25.000
24.000
1,291

00
00
00
64

11.913 00
14,700 00

360,647 24
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 367
11.913 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
81,992 42
during year ending Oct. 31, 1 8 9 5 , .....................................................................
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 f 2 per cent., $32,762 12 ?
66,165 33
during the year ending Oct. 31, 1895,
.
1 2 per cent.,
33,403 21 >
Number of accounts opened during the year ending Oct. 31, 1895,
. 740
Number of accounts closed during the year ending Oct. 31, 1895,
. 536
Total number of open accounts Oct. 31, 1895,
.
.
.
.
5,439
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
3,596 54
clusive o f taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
326,888 49
ending Oct. 31, 1 8 9 5 , .................................................................................................
Number of same........................................................................................................ 4,525
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 5 , .....................................................................................................................
Number of same........................................................................................................4,117
Date of examination by commissioner: February 25.


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

314,924 25

No. 8.]

SAYINGS BANK COMMISSIONERS

375

M IL L B U R Y S A V IN G S B A N K — MILLBTTRY.
Incorporated April 10, 1854.

Present number of corporators, 43.

L e v i L . W h i t n e y , P r e s id e n t .

D a v id A t w o o d , T r ea su rer .

D a v i d A t w o o d , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
D a v id T . M a r c h ,

D a m ie n D u c h a r m e ,

L e v i L . W h it n e y ,

A . A rm sby,

I ra N . G o d d a r d ,

A . S. W i n t e r .

Open for business every business day, 9 a .m . to 3 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 railroad stock, .
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 ) , .......................................
Deposits in banks, on interest, .
Expense account,
In s u r a n c e ,.......................................
Cash on hand,
.
.
.

81, 1895.

L ia b ilit ie s .

$ 6 6 ,0 0 0
152,250
21,040
64,000
150

00
00
00
00
00

15,500
6,690
362,015
171,410

00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac«
count, .
•
Suspense, .
•
Rents,

$889,886 44
34,000 00
27,858 49
10,030 00
50 00
100 00

36
00
00

7 0 ,7 0 0 00

30,233 38
459 12
110 37
1,366 70
$961,924 93

$961,924 93

Cash on Deposit in Bank : —
$30,233 38

Millbury National Bank, Millbury,
Loans on Bank Stock, amount on each: —
On
On
On
On

50 shares Millbury National Bank, Millbury,
38 shares Millbury National Bank, Millbury,
40 shares Spencer National Bank, Spencer, .
100 shares Broadway National Bank, Boston,

$4,000 00
3,040 00
4,000 00

10,000 00

Loan on Railroad Stock: —
On 1 share Boston & Albany R .R .,


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Federal Reserve Bank of St. Louis

.

.

$150 00

376

REPORT OF THE

[Pub. Doc

Millbury Savings Bank — Continued.
Detailed Statement o f Publie Funds.

Par Value.

City of Columbus, Ohio, 4s,
of Dubuque, Iowa, 6s,
of Grand Rapids, Mich., 4£s, .
of Milwaukee, Wis., 5s, .
of New Britain, Conn., 4s,
of Youngstown, Ohio, 5s,
Town of Westborough, Mass., 5s, .

*A

Estimated
Market Value.

$10,000
3,000
15,000
10,000
10,000
15,000
3,000

$10,050
3,000
16,500
10,300
11,500
15,725
3,390

$66,000

$70,465 00

00
00
00
00
00
00
00

Amount Invested.

$10,000
3,000
15,000
10.000
10,000
15,000
3,000

00*
00
00
00 ■
00
00
00

$66,000 00

le g a l in v e s tm e n t w h e n m a d e .

1 No. of
j Shares.

Detailed Statement o f Bank Stocks.

50
42
49
20
100
50
42
25
25
23
57
200

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston National Bank. Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First Ward N’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Merchants’ N’l Bank. Boston,.
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Bcston, .
15 N’l B’k of No. America, Boston,
12 National Eagle Bank, Boston,
50 N’l Hide <&Leather B’k, Boston,
40 North Nat’l Bank, Boston,
8 Old Boston N’l Bank, Boston,.
35 Second National Bank, Boston,
25 Shawmut N’l Bank, Boston, .
74 Shoe & Leather N’l B’k, Boston,
25 South End Nat’l Bank, Boston,
50 State Nat’l Bank, Boston,
20 Suffolk National Bank, Boston,
68 Third National Bank, Boston,
15 Winthrop Nat’l Bank, Boston,
40 Grafton Nat’l Bank, Gi'afton, .
3 Leicester N’l Bank, Leicester,
168 Millbury Nat’l Bank, Millbury,


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

Par Value.

Estimated
Market Value.

Amount Invested.

$5,000
4,200
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2,300
• 5,700

$6,150
4,200
4.900
2,160
13,300
6,500
3,570
2,675
2,500
3,600
6,327

00
00
00
00
00
00
00
00
00
00
00

$5,000
4,200
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2,300
5,700

00
00
00
00
00
00
00
00
00
00
00

20,000
1,500
1,200
5,000
4,000
300
3,500
2,500
7,400
2,500
5,000
2,000
6,800
1,500
4,000
300
16,800

27,800
1,605
996
5,300
4,200
327
6,265
2,750
6,660
1,875
5,600
2,100
6,188
1,965
4,000
400
16,800

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

20,000
1,500
1,200
5,000
4,000
300
3,500
2,500
7,400
2,500
5,000
2,000
6,800
1,500
4,000
300
16,800

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

No. 8.]

377

SAYINGS BANK COMMISSIONERS

Millbury Savings B ank— Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

40
12i
36
27
5
17
50
9

Par Value.

Second N’l B’k, Norwich, Ct.,
Oxford Nat'l Bank, Oxford, .
Central N’l Bank, Worcester,.
City Nat’l Bank, Worcester, .
Citizens’ N’l B’k, Worcester, .
Mechanics’ N’l B’k, Worcester,
Quinsigamond National Bank,
Worcester, .
.
.
.
Worcester N’l B’k, Worcester,

$4,000
1,250
3,600
2,700
500
1,700
5,000
900

Estimated
Market Value.

$4,000
1,250
5,220
3,915
650
1,530

Amount Invest« d.

$4,000
1,250
3,600
2,700
500
1,700

00
00
00
00
00
00

7,000 00
1,305 00

00
00
00
00
00
00

5,000 00
900 00

$152,250 $175,583 00 $152,250 00

Detailed Statement o f Railroad Bonds.
Par Value.

Fitchburg R.R. 4s, .
Fitchburg R R. 4^, .
.
.
.
Fitchburg R.R 5s, .
Providence & Worcester R R. 6s, .
Vermont & Massachusetts R R. 5s,.
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

Estimated
Market Value.

Amount Invested.

00
00
00
00
00

$4,000
10,000
10,000
20,000
10,000

00
00
00
00
00

$4,000
10,000
10,000
20,000
10,000

$4,000
10,100
10,700
20,600
10,700

10,000

11,900 00

10,000 00

$64,000

$68,000 00

$64,000 00

Total Amount o f Loa^s, with Each Specified Rate o f Interest.

Amount.

$30,233 38
64,100 00
79,000 00

Rate.

3 per cent.
4
“
4|
“

Amount.

$63,100 00
25,000 (»0
221,850 00

Rate.

4£ per cent.
4§
5
“

$5,000 00
167,265 00

Amount invested in real estate for banking purposes...........................................
Estimated value of the s a m e , ..............................................................................
Assessed value o f the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1895,
.


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

Rate.

Amount.

M per cent.
6

$15,500 00
18,000 00
11,800 00
586 37

378

REPORT OF THE

[Pub. Doc.

M illbury Savings Bank — Concluded.
Value, by books, of other real estate held or owned by foreclosure or
otherwise............................................. ......... .................................................................... $6,690 36
Assessed value of the s a m e , ....................................... .................................................
13,870 00
Number of loans which are o f an amount not exceeding $3,000 each,. 235
Aggregate amount o f the same,
..............................................................................
340,890 00
Total number of loans upon real estate,.......................................................... 242
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ...............................................................................
45,188 08
Times for the dividends fixed by the by-laws : second Monday in January
and July.
Rate and amount of each semi-annual dividend I 2 per cent., $16,601 41 1
gg
9g
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,
16,913 82 )
’
Number of accounts opened during the year ending Oct. 31, 1895,
. 219
Number of accounts closed during the year ending Oct. 31, 1895,
. 166
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,061
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes), ............................................................................................................
2,142 99
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895..............................................................................................................
109,939 88
Number o f same,
....................................... 1,465
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
105,632 61
Number o f s a m e , ........................................................................................ 1,205
Date of examination by commissioner: April 4.


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Federal Reserve Bank of St. Louis

No. 8.]

379

SAYINGS BANK COMMISSIONERS

M IL L IS S A V IN G S B A N K — M IL L IS .

Incorporated March 4, 1892.

Present number of corporators, 52.

M o se s C. A d a m s , P r e s id e n t.

O sgood T . D e a n , T r e a s u r e r .

O sgoo d T . D e a n , C le r k o f th e C o r p o r a tio n .

Names o f committee charged with the investment of its funds :
Louis L a C e o i x ,

A sah el F. Lovell,

M oses C. A d a m s ,

G e o r g e C. T h r a s h e r ,

H e n r y T . R ic h a r d s o n .

Open for business every business day, 9

a .m

. to 12 m . ; Saturday, 7 to 9 p . m .

B alan ce S heet O ctober

31, 1895.

A ssets .

L ia b ilit ie s .

Loans on real estate, .
Loans on personal security,*
Deposits in banks, on interest, .
Expense account,
Office furniture, .
.
.
.
Cash on hand,
.
.
.
.

$3,950
3,115
817
28
270
100

00
00
56
03
53
75

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$8,045 49
82 65
99 61
54 12
$8,281 87

$8,281 87

* Since reduced within the legal limit.

Cash on Deposit in B a n k : —
Shoe & Leather National Bank, B o s t o n , ........................................................... $817 56f

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.

$817 56

Rate.

2

per cent.

Amount.

$6,740 00

Rate.

6

per cent.

'$325 00

f This deposit, in excess of limit, has since been reduced.


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

Rate.

Amount.

8

per cent.

380

REPORT OF THE

[Pub. Doc.

Millis Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each,
12
Aggregate amount of the same.................................................................................... $7,065 00
Total number of loans upon real e s t a t e , ................................................. 5
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1895...........................................................................................

489 30

Times for the dividends fixed by the b y-law s: second Wednesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend ! 2 per cent., $ 1 1 1 8 9 )
during the year ending Oct 31, 1895,
.
. I 2 per cent.,
122 22 1
Number of accounts opened duiing the year ending Oct. 31, 1895, .
57
Number of accounts closed during the year ending Oct. 31, 1895,
.
52
Total number o f open accounts Oct. 31, 1 8 9 5 , ....................................... 113
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 ,..................................................................................................
Number of s a m e ,..................................................................................................271

133 78

14,568 38

Amount of withdrawals, including dividends, during the year ending Oct.
31> 1895>
.....................................................................................................................
Number of s a m e ,..................................................................................................234
Date of examination by commissioner: January 11


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Federal Reserve Bank of St. Louis

14,546 67

No. 8.]

381

SAVINGS BANK COMMISSIONERS

M IN E R S ’ S A V IN G S B A N K — W E S T STO CKBRID GE.

Incorporated Feb. 28, 1872.

Present number o f corporators, 24.

W il l ia m M . K n if f e n , P r e s id e n t .
W il l ia m C. S pa u l d in g ,

W illia m C. S pa u ld in g ,

T r e a su r e r .

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fund s:

T heodore S. H ea t h ,
W il l ia m C. S pa u ld in g ,

H ubbard F . T hompson ,
C. R . V an B u sk ir k ,
C. E . B ostw ick .

Open for business Monday and Friday, 9 a . m . to 12 m ; 1 to 3 p .m .

B a la n c e S h eet O ctober

31, 1895.

L iab 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,
Deposits in banks, not on interest,

$13,830
11,645
38,595
43,900
20,460

25
Ó0

1 ,0 1 2

87

00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$123,082 34
3,899 03
703 58
1,758 67
$129,443 62

$129,443 62

Cash on Deposit in Bank : —
Housatonic National Bank, S to c k b r id g e ,........................................................... $1,012 87

Detailed Statement o f Public Funds.
Par Value.

City of Providence, R. I., 5s, .
of Sioux City, Iowa, 6s, .
Town of Rockingham, Vt., 4s,


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

Estimated
Market Value.

Amount Invested.

$6,000
3,700
3,000

$6,500 00
3,855 25
3,000 00

$6,975 00
3,855 25
3,000 00

$12,700

$13,355 25

$13,830 25

[Pub. Doc,

REPORT OF THE

382

Miners’ Savings Bank — Continued.
Detailed Statement o f Bank Stocks.
V- 03
a

o

Par Value.

©§
National Mahaiwe Bank, Great
Barrington, .
.
.
.
20 City Nat’l Bank, Holyoke,
5 Lee National Bank, Lee,.
15 Berkshire N’l B’k, No. Adams,
11 Pittsfield N’l Bank, Pittsfield,
4 Agawam N’l B’k, Springfield,
5 First Nat’l Bank, Springfield,.
14 Housatonic Nat’l Bank, Stockbridge, ...................................

Estimated
Market Value.

Amount Invested.

10

11,000
2,000
500
1,500
1,100
400
500

$1,457
2,240
700
1,750
2,078
460
600

$1,457
2,240
700
1,840
2,078
480
750

50
00
00
00
00
00
00

50
00
00
00
00
00
00

1,400

2,170 00

2,100 00

$8,400

$11,455 50

$11,645 50

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R R. 4s, .
Dexter & Piscataquis R.R. 4 s,.
Fitchburg R.R, 4s, .
N, Y. & N. E. R.R. (terminal) 4s, .
Upper Coos R.R. 4^s,
Vermont & Massachusetts R.R. 5 s,.

$2,000
3.000
4.000
3.000
10,000
8.000
6,000
$36,000

Estimated
Market Value.

$2,050
3.000
3,960
3.000
11,000
8,720
6,500

Amount Invested.

00
00
00
00
00
00
00

$38,230 00

$2,050
3,000
3,960
2,970
11,175
8.720
6.720

00
00
00
00
00
00
00

$38,595 00

Total Amount o f Loans, with Each Specified Bate o f Interest.
Kate.

Amount.
$43,930 00

5 per cent.

Amount.
$2,970 00

Kate.
5£ per cent.

Amount.
$17,460 00

N umber of loans which are of an amount not exceeding $3,000 each,.
45
Aggregate amount of the s a m è , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 40
Amount of investments from which no income is recei ved, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1895.............................................................................................
Times for the dividends fixed by the by-laws : first Wednesday in January
and July.


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Federal Reserve Bank of St. Louis

Kate.

6

per cent.

$37,960 00
2,000 00
6,283 04

No. 8.]

SAYINGS BANK COMMISSIONERS.

Miners’ Savings Bank —

383

C oncluded.

Rate and amount of each semi-annual dividend f 2 per cent.,
during the year ending Oct. 31, 1895,
.
. t 2 per cent.,

$2,496 05 1
2,429 89 J

40
38
394
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes).............................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895..............................................................................................................
Number of s a m e , ..................................................................................................222
Amount of withdrawals, including dividends, during the year ending Oct.

^

^

94 .

’

Number of accounts opened during the year ending Oct. 31,189.5,
.
Number of accounts closed during the year ending Oct. 31, 1895,
.
Total number of open accounts Oct. 31, 1 8 9 5 , .......................................

31, 1895...............................................................................................................................
Number of s a m e , .................................................................... .........
280
Date of examination by commissioner : September 30.


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Federal Reserve Bank of St. Louis

577 95
12,368 69

21,467 27

384

[Pub. Doc.

REPORT OF THE

M ONSON S A V IN G S B A N K — M ONSON.
Incorporated March 29, 1872.

E dward F . M o r r is , P r e s id e n t.
F rank E . M o r r is ,

Present number o f corporators, 27.

F rank E . M o r r is ,

T rea su rer.

C l e r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
A . D . N orcross ,
R . M. R eynolds ,

E. F . M o r r is ,
D . G. P otter .

Open for business every business day, except Saturday, 9 a . m . to 12 m . ; 1 to 4 p . m . ;
Saturdays, 9 a m . to 12 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 sto c k ,.
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
.......................................
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand....................................

31, 1895.

L iab ilit ie s .

¡$117,000
42,400
5,500
95.000

00
00
00
00

39.000
568,470
13,700
54,078
1,775
248
638

00
00
00
16
92
19
72

$937,810 99

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$865,038 49
42,000 00
28,888 05
1,884 45

$937,810 99

Cash on Deposit in Banks, amount in each : —
City National Bank, H o l y o k e , .............................................................................. $5,000 00
Monson National Bank, M o n s o n , ........................................,
.
.
.
1,775
Agawam National Bank, Sp rin gfield ,....................................................................
7,500
Chicopee National Bank, Springfield,.....................................................................
10,000
John Hancock National Bank, S p r i n g f i e l d , .................................................
10,000
Pynchon National Bank, Springfield,.....................................................................
10,000
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
5,490
Springfield National Bank, S p r i n g f i e l d , ...........................................................
6,087

92
00
00
00
00
73
43

Loans on Bank Stock, amount on each : —
On 43 shares Monson National Bank, M o n s o n ,............................................................ $3,500 00
On 20 shares Palmer National Bank, P a l m e r , .................................................
2,000 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

385

Monson Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Boston, Mass., 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s, .
of Everett, Mass., 4s,
of Grand Rapids, Mich., 4¿s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton, Mass , 4s,
of Youngstown, Ohio, 5s,
Town of Burlington, Vt.,4s, .
of Methuen, Mass., 4s, .
of Monson, Mass., 4s, .

$10,000
10,000
10,000
10,000
10,000
10,000
10,000
7,000
10,000
5,000
5,000
20,000

Estimated
Market Value.

$10,300
10,100
10,900
10,800
11,000
10,400
10,800
7,400
10,600
5,100
5,325
21,100

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

Amount Invested.

$10,000
10,000
10,000
10,000
10,000
10,000
10,000
7,000
10,000
5,000
5,000
20,000

00
00*
00
00
00
00
00
00
00
00
00
00

$117,000 $123,825 00 $117,000 00
*

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

10 Blackstone Nat’l B’k, Boston,.
25 Eliot National Bank, Boston, .
5 Massachusetts N’l B’k, Boston,
30 Merchants’ N’l Bank, Boston,.
25 N’l B’k of Commerce, Boston,
20 N’l B’k of No. America, Boston,
25 N’l B’k of Redemption, Boston,
20 National Eagle Bank, Boston,
5 Nat’l Exchange Bank, Boston,
10 N’l Hide & Leather B’k,Boston,
11 National Revere Bank, Boston,
6 Nat’l Webster Bank, Boston, .
20 North National Bank, Boston,
5 State National Bank, Boston, .
40 Suffolk Nat’l Bank, Boston,
10 Tremont Nat'l Bank, Boston, .
25 City National Bank, Holyoke,
70 Monson Nat’l Bank, Monson, .
19 Agawam N’l B’k, Springfield,
20 Citv Nat’l Bank, Springfield, .
20 First Nat’l Bank, Springfield,.
3 Ware National Bank, Ware, .


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Federal Reserve Bank of St. Louis

Par Value.

$1,000
2,500
500
3,000
2,500
2,000
2,500
2,000
500
1,000
1,100
600
2,000
500
4,000
1,000
2,500
7,000
1,900
2,000
2,000
300
$42,400

Estimated
Market Value.

$1,000
3,325
500
4,500
2,775
2,200
3,000
2,000
625
1,050
1,100
624
2,100
560
4,200
1,000
2,800
9,800
1,900
2,800
2,400
330

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

$50,589 00

Amount Invested.

$1,000
2,500
500
3,000
2,500
2,000
2,500
2,000
500
1,000
1,100
600
2,000
500
4,000
1,000
2,500
7,000
1,900
2,000
2,000
300

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

$42,400 00

[Pub. Doc.

REPORT OF THE

386

Monson Savings Bank —

C oncluded.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4^s, .
.
.
.
Maine Central R.R. 4s, .
Old Colony R.R. 4s,.

Estimated
Market Value.

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

$10,225
10.400
10,600
10.400
10,600
10,500
6,000
10,100
10,100
10,700

$95,000

$99,625 00

Amount Invested.

00
00
00
00
00
00
00
00
00
00

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

00
00
00
00
00
00
00
00
00
00

$95,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Kate.

Amount.

$54,078 16

4 per cent.

Amount.

$566,070 00

Kate.

5 per cent.

Amount.

$21,600 00

Rate.

6

per cent.

Am ount Invested in real estate for banking purposes........................................... $39,000 00
Estimated value o f the s a m e , ...............................................................................
39,000 00
Assessed value o f the s a m e , ........................................................................................
15,500 00
Net income received from same during year ending Oct. 31, 1895,
.
.
1,475 00
Number of loans which are of an amount not exceeding $3,000 each,
202
Aggregate amount o f the same, _ ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 257
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-laws : first Monday in April and
October.
Rate and amount of each semi-annual dividend f 2 per cent., $16,180 64 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
16,672 65 >
Number of accounts opened during the year ending Oct. 31, 1895,
. 278
Number of accounts closed during the year ending Oct. 31, 1895,
. 232
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,088
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895.....................................................................................................
Number of s a m e , ........................................................................................ 1,357
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of same...............................................................................................1,166
Date of examination by commissioner: August 22.


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

284,555 00

47,094 21

^

§5 3 09

3,006 90
152,795 38

145,109 86

No. 8.]

SAYINGS BANK COMMISSIONERS

387

N A N T U C K E T IN S T IT U T IO N FOR S A V IN G S —N A N T U C K E T .
Incorporated April 2, 1834.

T h a d d eu s C. D e f r ie z , P r e s id e n t .
G eo . H . B rock ,

Present number of corporators, 41.

G eorge H . B rock ,

T r e a su r e r .

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment o f its funds:

T h addecs C. D e f r ie z ,
A lmon T. M ow ry ,
D avid F o lg er ,
H en r y P addock ,
D avid P a r k e r .

Open for business every business day, from M ay to November, 9 a . m . to 1 p . m . ;
November to M ay, 10 a .m . to 1 p .m .

Balan ce Sh eet October

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) ,
.......................................
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,
Cash on hand,
.
.
.
.

31, 1895.

L ia b ilit ies .

$84,000
20,300
725
63,500

00
00
00
00

4.000
3.000
278,971
28,665

00
00
74
00

Deposits, .
Guaranty fund,
Profit and loss account, .

$466,893 09
18,156 19
19,029 06

3.000 00
100 00

14,205
2,174
591
845

93
29
03
35

$504,078 34

$504,078 34

Cash on Deposit in Banks, amount in each : —
North National Bank. B o s t o n , .............................................................................. $8,775 26
Shoe and Leather National Bank, B o s t o n ,...........................................................
5,430 67
Pacific National Bank, N a n t u c k e t , .....................................................................
2,174 29
Loans on Bank Stock, amount on each : —
On 3 shares Pacific National Bank, N a n t u c k e t ,.................................................$250 00
On 6 shares Pacific National Bank, Nantucket......................................................
475 00


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

[Pub. Doc

REPORT OF THE

388

Nantucket Institution for Savings — Continued.
Detailed ¡Statement o f Public Funds.

Par Value.

City of Cleveland, Ohio, 5s,
of Cleveland, Ohio, 6s, .
of Detroit, Mich., 7s,
of East Saginaw, Mich., 4^s, .
of Fall River, Mass., 6s,
of Grand Rapids, Mich., 4£s, .
of Milwaukee, Wis., 5s, .
of New London, Conn., 7s,
of Oshkosh, Wis , 4£s,
of Rockford, 111., 4£s,
of Saginaw, Mich , 4ès, .
of Scranton, Pa., 6s,.
of Sioux City, Iowa, 4^s,
Town of Attleborough, Mass., 4s, .
of Beverly, Mass., 4s, .
District of Columbia 6s, .

$5,000
3,000
1,000
7,000
6,000
10,000
10,000
1,000
2,500
4,000
5,000
3,500
15,000
5,000
1,000
5,000
$84,000

Estimated
Market Value.

$5,400
3,045
1,250
7,385
6,630
11,000
10,800
1,260
2,625
4,280
5,500
3,570
15,750
5,300
1,040
5,800

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

$90,635 00

Amount Invested,

$5,000
3,000
1,000
7,000
6,000
10,000
10,000
1,000
2,500
4,000
5,000
3,500
15,000
5,000
1,000
5,000

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

$84,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

Blackstone N’l Bank, Boston,.
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston,
Lincoln Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,
N’l B’k of No. America, Boston,
Nat’l Exchange Bank, Boston,
National Revere Bank, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,
Shawmut Nat’l Bank, Boston, .
South End N’l Bank, Boston, .
National Bank of Commerce,
New Bedford,
10 Pacific N’l Bank, Nantucket, .

7
10
10
10
15
10
19
8
10
10
15
20
10
15
10
14


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

Estimated
Market Value.

Amount Invested.

$700
1,000
1,000
1,000
1,500
1,000
1,900
800
1,000
1,000
1,500
2,000
1,000
1,500
1,000

$700
1,310
1,000
1,080
1,995
1,330
1,482
744
1,070
1,250
1,395
2,100
1,090
1,650
750

$700
1,000
1,000
1,000
1,500
1,000
1,900
800
1,000
1.000
1,500
2,000
1,000
1,500
1,000

1,400
1,000

1,190 00
1,300 00

1,400 00
1,000 00

$20,300

$21,436 00

$20,300 00

Par Value.

00
00
00
00
00
00
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.]

SAVINGS BANK COMMISSIONERS

389

Nantucket Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4£s, .
Fitchburg R.R. 6s..............................
Maine Central R.R. 7s,
Old Colony R.R. 6 s,.
Upper Coos R.R. 4£s,

Estimated
Market Value.

$15,000
1,000
4,000
5,000
6,000
5,000
5,000
2,000
5,000
5,000
10,500

$15,225
1,040
4,040
5,225
6,420
5,200
5,050
2,060
6,800
5,135
11,400

$63,500

$67,595 00

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

$15,000
1,000
4,000
5,000
6,000
5,000
5,000
2,000
5,000
5,000
10,500

00
00
00
00
00
00
00
00
00
00
00

$63,500 00

Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.

$8,775 26
5,430 67
3,000 00

Rate.

2 per cent.
2é “
4

“

Amount.

$ 2 7 ,2 0 0 00
120,170 00
21,350 00

Rate.

Amount.

4£ per cent.
5

$139,211 74
530 00

Bate.

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 00
Assessed value of the s a m e , ........................................................................................
5,400 00
Net income received from same during year ending Oct. 31, 1895,
.
.
275 00
Value, by books, of other real estate held or owned by foreclosure or
otherwise........................................................................................................ .
3,000 00
Assessed value of the same.............................................................................................
3,000 00
Net income received from same during year ending Oct. 31, 1895,
.
.
97 50
Number of loans which are of an amount not exceeding $3,000 each,. 139
Aggregate amount of the s a m e , ........................................................... .........
.
141,236 00
Total number of loans upon real e s t a t e , ................................................. 174
Gross amount o f interest or profits received or earned, as per books, dur­
ing year ending Oct. 3 1 , 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-law s: second Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent.,

$8,738 49 1

during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
8,899 76 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 160
Number of accounts closed during the year ending Oct. 31, 1895,
. 145
Total number o f open accounts Oct. 31, 1895,
.
.
.
.
1,289


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

24,867 85

25

y.

’

REPORT OF THE

390

[Pub. Doc.

Nantucket Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31,1895 (ex­
clusive of taxes).............................................................................................................
Amount of deposits, not including dividends, received during the year

$1,647 29

ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ................................................................................................. 840
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , ........................................................................................ 1,095
Date of examination by commissioner : August 16.

73,269 58


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

78,362 32

No. 8.]

SAVINGS BANK COMMISSIONERS

391

N A T IC K F IV E CENTS S A V IN G S B A N K — N A T IC K .
Incorporated April 5, 1859.

Present number of corporators, 40.

J o h n 0 . W il s o n , P r e s id e n t.

F r e d e r ic k O . B a st o n , T r ea su rer.

F r e d e r i c k O . B a s t o n , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fund s:
L e o n a r d W in c h ,

F r a n c is B ig e l o w ,

W il l ia m N u t t ,

F . H. H a ye s,

F r e d e r ic k 0 . B a sto n ,

A lbert M ead .

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 ctober 31, 1895.

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 sto c k ,.
Radroad 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, .
Expense account,
Cash on hand,
.
.
.
.

$145,000 00
620 00
1 0 1 ,1 0 0 00
1 1 ,2 0 0 00

124,000
4,283
945,768
29,127

00
56
00
00

67,400
615
29,728
1,958
6,241

00
00
65
43
94

$1,467,042 58

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,351,053 12
72,300 00
15,165 66
28,523 80

$1,467,042 58

Cash on Deposit in Banks, amount in each : —
North National Bank, Boston.....................................
Natick National Bank, Natick....................................

$17,500 0 0
12,228 65

Loan on Public F unds: —
On $1,100 United States 4 s , .......................................

$620 0 0

National
National
National
National

Bank,
Bank,
Bank,
Bank,

Natick,
Natick,
Natick,
Natick,

On 2 shares Natick National Bank, Natick,

* These loans, in excess of the legal limit, have since been reduced,
f These loans, in excess of the legal limit, have since been paid.


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Federal Reserve Bank of St. Louis

'o
oo

Loans on Bank Stock, amount on each: —
On 50 shares Natick
On 40 shares Natick
On 10 shares Natick
On 10 shares Natick

00*
4,000 0 0 *
1 ,0 0 0 0 0 f
1 ,0 0 0 0 0 f
20 0 0 0 *

392

REPORT OF THE

[Pub. Doc

Natick Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Fall River, Mass., 5s, .
of Cambridge, Mass., 6s,.
of Newton. Mass., 4s,
of Springfield, Ohio, 5s, .
of Worcester, Mass., 4^s,
Town of Beverly, Mass., 4s, .
of Brookline, Mass., 7s,
of Orange, Mass., 4s,
of Wellesley, Mass., 4s,
of Natick, Mass., 4s,

$10,000
6,000
17,000
7,000
14,000
9,000
6,000
17,000
10,000
15,000
9,000
25,000

Estimated
Market Value.

$10,225
7,042
19,835
8,392
14,805
9,547
6,555
17,715
10,675
15,377
9,495
26,375

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

Amount Invested,

$10,000
6,000
17,000
7,000
14,000
9,000
6,000
17,000
10,000
15,000
9,000
25,000

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

$145,000 $156,040 00 $145,000 00

Detailed Statement o f Bank Stocks.
Estimated

o 5
*¡ £

l'ar Value.

26
115
7
27
13
5
19
70
62
46
10
15
46
42

$2,600
11,500
700
2,700
1,300
500
1,900
7,000
6,200
4,600
1,000
1,500
4,600

$3,198
11,500
924
3,510
1,248
535
2,470
5,950
5,828
7,360
930
3,525
5,152

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

$2,600
11,500
700
2,700
1,300
500
1,900
7,000
6,200
4,600
1,000
1,500
4,600

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

4,200
5,100
1,400
3,000
1,500
2,700
1,000
2,000
700
2,000
5,500
3,200

5,796
5,406
1,694
4,560
1,875
2,889
1,780
1,560
784
2,620
10,450
3,392

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

4,200
5,100
1,400
3,000
1,500
2,700
1,000
2,000
700
2,000
5,500
3,200

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

Atlas National Bank, Boston, .
Boston National B’k, Boston,.
Boylston National B’k, Boston,,
Central N’l Bank, Boston,
Columbian N’l Bank. Boston, .
Continental N’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ N’l B’k, Boston,
Metropolitan N’l B’k, Boston,.
Monument N’l Bank, Boston,.
N’l B’k of Commerce, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
51 N’l B’k of No. America, Boston,
14 N’l B’k of Redemption, Boston,
30 N ’1B’k of the Republic, Boston,
15 Nat’l Exchange Bank, Boston,
27 North National Bank, Boston,
10 Second National B’k, Boston, .
20 South End N’l B’k, Boston, .
7 State National Bank, Boston, .
20 Winthrop N’l Bank, Boston, .
55 Home Nat’l Bank, Brockton, .
32 First National Bank, Chelsea,


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

Market Value.

Amount Invested.

No. 8.]

393

SAYINGS BANK COMMISSIONERS.

Natick Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

33
37
120
20
17

Par Value.

Dedham Nat’l Bank, Dedham,
Wachusett N’l B’k, Fitchburg,
Natick National Bank, Natick,
Newton Nat’l Bank, Newton, .
Framingham, N’l Bank, South
Framingham,

$3,300
3,700
12,000
2,000
1,700
$101,100

Estimated
Market Value.

$4,026
7,400
13,800
1,640

Amount Invested.

$3,300
3,700
12,000
2,000

00
00
00
00

00
00
00
00

1,700 00

1,955 00

$123,757 00 $101,100 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s.............................
Boston & Lowell R.R. 4s,
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 7s,
Old Colony R.R. 4s,.
Old Colony R R. 6s,
Vermont & Massachusetts R.R. 5s, .
Worcester & Nashua R.R. 4s, .

$10,000
6,000
15,000
10,000
25,000
10,000
15,000
5,000
18,000
10,000

Estimated
Market Value.

Amount Invested.

$10,600 00

$10,000 00

6,750
15,250
10,200
26,400
13,500
16,125
5,175
19,260
10,150

6,000
15,000
10,000
25,000
10,000
15,000
5,000
18,000
10,000

00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00

$124,000 $133,410 00 $124,000 00

Total Amount of Loans, loith Each Specified Rate o f Interest.

Rate.

Amount.

$29,728 65
72,400 00
11,500 00

2
4

4*

per cent.
“

Amount.

Rate.

Amount.

$571,563 00
101,930 00

5 per cent.
5è
“

$289,048 00
8,289 00

Rate.

6

6*

per cent.
“

“

Value, by books, of real estate held or owned by foreclosure or otherwise,

$4,283 56

Assessed value o f the s a m e , ........................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 509

3,625 00

Aggregate amount of the s a m e , .................................................................... .........
Total number of loans upon real e s t a t e , ................................................. 532


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Federal Reserve Bank of St. Louis

639,958 65

REPORT OF THE

394

[Pub. Doc.

Natick Five Cents Savings Bank — Concluded.
Gross amount o f interest or profits received or earned, [as per books,
during year ending Oct. 31, 1 8 9 5 , .....................................................................

$67,383 81

Times for the dividends fixed by the by-laws : first Tuesday in M ay and
November.
Rate and amount of each semi-annual dividend f 2 per cent., $23,608 07 )
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
24,296 57 )
Number of accounts opened during the year ending Oct. 31, 1895,
. 802
Number of accounts closed during the year ending Oct. 31, 1895,
. 472
Total number of open accounts Oct. 31, 1895........................................
5,849

47,904 64

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f ta x e s ),............................................................................................................

3,600 60

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................

321,367 38

Number of s a m e , ...................................................................................................5,584
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................

278,127 39

Number of s a m e , .................................................................................................. 4,102
Date o f examination by commissioner : March 26.


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

No. 8.]

NEW

395

SAYINGS BANK COMMISSIONERS

BEDFORD

F IV E

CENTS

S A V IN G S

BANK — N E W

BEDFORD.

Incorporated April 14, 1855.

Present number of corporators, 133.

L oo m S n o w , P r e s id e n t .

W il l ia m H . P it m a n , T rea su rer.

J a m e s T a y l o r , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
W il l ia m B a y l ie s ,

L oum S n o w ,

T h o m a s W il c o x ,

P arkm an M. L und,

W il l ia m R . W in g ,

O t is N . P i e r c e ,

F r e d e r i c k S. A l l e n ,

G eorge F . K in g m a n ,

O l iv e r P . B r ig h t m a n .

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 S h e e t O cto ber 31, 1895.

L iab 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 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.....................................

$974,500
25.000
192,800
45,400
384.500
47.000

00
00
00
00
00
00

92,855 44
2,192,589 41
2,011,599 89
236.500
160
67,593
3,491
8,635

Deposits, .
Guaranty fund,
Interest account,
Surplus fund, .
Discount account, .
Rent account, .
Profit and loss ac­
count, .

$5,945,382
251,253
13,630
56,792
9,397
3,613

13
72
16
53
10
06

2,556 29

00
00

07
25
93

$6,282,624 99

$6,282,624 99

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
Holyoke National Bank, Holyoke,
Citizens’ National Bank, New Bedford,
First National Bank, New Bedford,


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

$452
15,000
20,398
1,326

65
00
26
14

[Pub. Doc

REPORT OF THE

396

New Bedford Five Cents Savings Bank

— C o n tin u ed .

Mechanics’ National Bank, New Bedford, .
.
.
.
.
.
.
Merchants’ National Bank, New B e d f o r d ,...........................................................
National Bank of Commerce, New B e d f o r d , .................................................
Third National Bank, S p r i n g f i e l d , .....................................................................
Pynchon National Bank, S p r in g fie ld ,.....................................................................

$207 22
871 39
659 09
28,067 10
611 22

Loan on Public F unds: —
On $15,000 Town of Ipswich, M ass., 4s,
On $10,000 Town of Attleborough, M ass., 4s,

Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On
On
On

19 shares Merchants’ National Bank, New Bedford, .
34 shares National Bank o f Commerce, New Bedford,
10 shares Citizens' National Bank, New Bedford,
8 shares National Exchange Bank, Boston, .
7 shares Globe National Bank, Boston,
13 shares Suffolk National Bank, Boston,
2 shares National Bank of Redemption, Boston, .
11 shares North National Bank, Boston,
112 shares National Bank of Commerce, New Bedford,

On
On
On
On
On
On
On

95 shares Citizens’ National Bank, New Bedford,
22 shares Eliot National Bank, Boston,
15 shares North National Bank, Boston,
31 shares Citizens’ National Bank, New Bedford,
11 shares First National Bank, New Bedford,
100 shares Broadway National Bank, Boston,
43 shares Fourth National Bank, Boston,

^

$5,000 00

1I
Ì-

I

2,000 00

J
600 00
7,000 00

9,500 00
j

3,600 00
2,700
1,000
10,000
4,000

00
00
00
00

Loans on Railroad Stock, amount on each: —
On 392 shares Boston & Maine R .R ., .
On 8 shares Boston & Albany R .R ., .
On 16 shares Fitchburg R E .,
.
.
.

$45,000 00
2,000 00

Detailed statement o f Public Funds.
Par Value.

City of Bangor, Me., 6s, .
of Bay City, Mich., 4s,
of Bay City, Mich., 5s,
of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Chelsea, Mass ,4s,
of Cleveland, Ohio, 4^s, .
of Danbury, Conn., 4s,
of Dayton, Ohio, 5s,
of Detroit, Mich., 4s,


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

$66,000
13,000
5,000
50,000
10,000
20,000
25,000
30,000
50,000
50,000

Estimated
Market Value.

$70,620
13,315
5,950
51,500
10,700
20,600
26,250
31,200
55,100
54,750

A legal investment when made.

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$66,000
13,000
5,000
50,000
10,000
20,000
25,000
30,000
50,000
50,000

00
00
00
00
00
00
00
00
00*
00

No. 8.]

SAYINGS BANK COMMISSIONERS

New Bedford Five Cents Savings Bank

397

— C ontinued.

Detailed Statement o f Public Funds — Concluded.

Par Value.

City of Detroit, Mich., 7s,
of East Saginaw. Mich., 5s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass , 6s, .
of Grand Rapids, Mich., 5s,
of Flolyoke, Mass., 6s,
of Lynn, Mass., 4s, .
of Manchester, N. II.,4s, .
of Meriden, Conn., 4s,
of New Bedford, Mass., 6s,
of New Haven, Conn., 3ès,
of Newton, Mass., 4s,
of Norwich, Conn., 6s,
of Saginaw, Mich., 5às, .
Town of Middleborough, Mass.
(Fire District), 4s,
United States 4s,
. . .
United States 5s,
. . .
United States 6s,
. . .

Estimated
Market Value.

Amount Invested.

$7,000
25,000
10,000
17,000
73,000
50,000
50,000
25,000
50,000
20,000
38,000
50,000
50,000
13,000
10,000

$7,640
27,250
11,100
19,890
84,680
57,000
54,500
26,625
52,000
20,700
39,800
50,000
52,750
13,715
12,100

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

$7,000
25,000
10,000
17,000
73,000
50,000
50,000
25,000
50,000
20,000
38,000
50,000
50,000
13,000
10,000

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

67,500
10,000
40,000
50,000

68,850
11,150
45,800
54,480

00
00
00
00

67,500
10,000
40,000
50,000

00
00
00
00

$974,500 $1,051,015 00 $974,500 00

/

No. of
Shares.

Detailed Statement o f Bank Stocks.

100
100
120
20
25
15
100
325
200
523
300
100

Par Value.

First National Bank, Boston, .
Merchants’ N’l Bank, Boston, .
Nat’l Revere Bank, Boston,
State National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Franklin N’l Bank, Franklin, .
First N’l B’k, New Bedford, .
Citizens’ N’l B’k, New Bedford,
Merchants’ Nat’l Bank, New
Bedford..................................
National Bank of Commerce,
New Bedford,
Third Nat’l Bank, Springfield,


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

$10,000
10,000
12,000
2,000
2,500
1,500
10,000
32,500
20,000

Estimated
Market Value.

$23,975
16,000
11,160
2,240
2,225
1,965
11,000
49,725
24,000

00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
10,000
12,000
2,000
2,500
1,500
10,000
32,500
20,000

00
00
00
00
00
00
00
00
00

52,300

107,215 00

52,300 00

30,000
10,000

25,500 00
20,000 00

30,000 00
10,000 00

$192,800 $295,005 00 $192,800 00

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

No. 8.]

NEW

SAVINGS BANK COMMISSIONERS

BEDFORD

IN S T IT U T IO N

FOR

399

S A V IN G S — N E W

BEDFORD.

Incorporated June 16, 1825.

Present number of corporators, 113.

W il l ia m W a tk ins , P r e s id e n t .
W il lia m G. W ood ,

Ch as . H. P e ir c e ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :

W il l ia m W a tk in s ,
E dw ard D . M a n d e ll ,
H oratio H a t h a w a y ,
G il b e r t A ll e n ,
E d w a r d S. T a b e r ,
A n d rew G. P ie r c e ,
W il lia m W . Crapo .

Open for business every business day, 9 a . m . to 1 p . m . ; also Saturday, 2.30 to 5 p . m .

B a l a n c e S h e e t O ctober 31, 1895.
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 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, .
Expense account,
Cash on hand,
.
.
.
.

$3,056,000
25,000
1,376,860
17,550
699,000

00
00
00
00
00

Deposits, .
$12,143,357 81
Guaranty fund,
605,000 00
Profit and loss account, .
139,601 00
Foreclosure account,
2,284 91

8 ,0 0 0 0 0

65,852 81
2,688,421 00
4,253,992 49
302,150
372,609
1,045
23,762

00
48
40
54

$12,890,243 72

r
$12,890,243 72

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, B o s t o n , ........................................................... $51,465 77
National Revere Bank, B o s t o n , ..............................................................................
40,773 45
Shoe & Leather National Bank, B o s t o n , ...........................................................
50,360 20
Citizens’ National Bank, New B e d f o r d , ...........................................................61,501 02
First National Bank, New B e d f o r d , .....................................................................
61,776 92
Mechanics’ National Bank, New B e d f o r d ,...........................................................13,012 60
Merchants’ National Bank, New Bedford.................................................................
11,253 15
National Bank of Commerce, New B e d f o r d , .................................................
82,466 37


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

REPORT OF

400

[Pub. Doc.

THE

New Bedford Institution for Savings— Continued.
Loan on Public Funds : —
$25,000 00

On $25,000 Town of Ipswich, M ass., 4s,

Loans on Bank Stock, amount on each : —
On 13 shares Mechanics’ National Bank, New Bedford,
On 9 shares Merchants’ National Bank, New Bedford,
On 12 shares Mechanics’ National Bank, New Bedford,
On 10 shares First National Bank, New Bedford,
On 10 shares National Bank of Commerce, New Bedford
On 25 shares Falmouth National Bank, Falmouth, .
On 6 shares National Bank o f Commerce, New Bedford,
On 17 shares First 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 9 shares First National Bank, New Bedford,.
On 10 shares Mechanics’ National Bank, New Bedford,
On 5 shares Mechanics’ National Bank, New Bedford,
On 5 shares Mechanics’ National Bank, New Bedford,
On 20 shares Citizens’ National Bank, New Bedford,
On 60 shares Citizens’ National Bank, New Bedford,
On 7 shares Southbridge National Bank, Southbridge,

Î

!

}
I

$

1,000 00
600 00
1,755 00

1,000 00
4,300 00
800 0 0

1,000 00
500
500
970
5,000
125

00
00
00
00
00

Loans on Railroad Stock, amount on each : —
$7,500 00
500 00

On 50 shares Boston & Albany R .R ...................................
On 4 shares Boston & Albany R .R ., .
.
.
.

Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Bath, Me., 6s,
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s,.
of Chelsea, Mass., 4s,
of Chelsea, Mass., 6s,
of Cleveland, Ohio, 4£s, .
of Cleveland, Ohio, 5s,
of Cleveland, Ohio, 6s,
of Danbury, Conn., 4s,
of Dayton, Ohio, 5s,
of Detroit, Mich., 4s,
of East Saginaw, Mich., 5s,
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 6s, .


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

Estimated
Market Value.

Amount Invested.

$100,000 $106,000 00 $100,000 00
13,000
13,650 00
13,000 00*
100,000 00
100,000
101,000 00
482,000 531,100 00 482,000 00
1,000 00
1,000
1,170 00
1,000 00
1,000
1,160 00
50,000
52,000 00
50,000 00
25,000
25,500 00
25,000 00
100,000
105,000 00
100,000 00
11,000
11,770 00
11,000 00
14,000
14,280 00
14,000 00
52,000 00
50,000 00
50,000
100,000
108,000 00
100,000 00*
327,000 00
300,000 00
300,000
60,000
61,200 00
60,000 00
1,000
1,030 00
1,000 00
1,000
1,000 00
1,010 00
32,860 00
31,000 00
31,000

Legal Investments when made.

No. 8.]

SAYINGS BANK COMMISSIONERS

401

New Bedford Institution for Savings — Continued.
Detailed Statement o f Public Funds — Concluded.

Par Value.

City of Grand Rapids, Mich., 5s,
of Lawrence, Mass., 6s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Lynn, Mass., 6s, .
of Middletown, Conn , 6s,
of Milwaukee, W is, 5s, .
of New Bedford, Mass , 3£s, .
of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of New Bedford, Mass., 6s,
of Pawtucket, R. L, 5s, .
of Peoria, 111., 4£s, .
of Providence, R. I., 4s, .
of Providence, R. I., 4£s,.
of Providence, R. I., 5s, .
of Providence, R. I., 6s, .
of Salem, Mass., 4 s,.
of Springfield, Ohio, 4£s,.
of Waltham, Mass., 4s, ,.
of Woonsocket, R. I., 4s, .
Town of Attleborough, Mass., 7s, .
District of Columbia 5s, .
District of Columbia 6s, .
United States 5s,
. . .
United States 4s,
. . .

Estimated
Market Value.

Amount Invested.

1130,000 $148,200 00 $130,000 00
2,000
2,160 00
2,000 00
20,000
20,200 00
20,000 00
162,000
166,860 00
162,000 00
1,000
1,010 00
1,000 00
28,000
28,560 00
28,000 00
72,000
82,800 00
72,000 00
25,000
25,000 00
25,000 00
50,000
52,000 00
50,000 00
10,000
10,900 00
10,000 00
136,000
159,120 00
136,000 00
5,000
5,150 00
5,000 00*
50,000
53,500 00
50,000 00
50,000
56,500 00
50,000 00
6,000
6,180 00
6,000 00
94,000
107,160 00
94,000 00
2,000
2,220 00
2,000 00
100,noo
103,000 00
100,000 00
60,000
63,000 00
60,000 00
25,000
26,000 00
25,000 00
50,000
51,000 00
50,000 00
34,000
41,820 00
34,000 00
88,200 00
84,000
84,000 00
23,200 00
20,000
20,000 00
300,000
342,000 00
300,000 00
121,000 00
100,000 00
100,000
$3,056,000 $3,332,470 00 $3,056,000 00

*

A legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

360
150
260
250
90
30
230
90
140

Par Value.

Atlas National Bank, Boston, .
Boston Nat’l 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, .
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .


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

$36,000
15,000
26,000
25,000
9,000
3,000
23,000
9,000
14,000

Estimated
Market Value.

$44,280
15,000
26,000
27,000
11,970
2,400
54,970
9,630
13,580

Amount Invested.

$36,000
15,000
26,000
25,000
9,000
3,000
23,000
9,000
14,000

00
00
00
00
00
00
00
00
00

[Pub. Doc

REPORT OF THE

402

New Bedford Institution for Savings — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

440
230
100
460
200
380
200
490
30
170
20
200
500
130
40
230
530
140
140
90
350
130
18
200
22
200
250
45
150
1000
1356
1000
1096
1366
200
70

Par Value.

Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston,.
Monument Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,.
National Bank of the Common­
wealth, 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 City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union B’k, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut N’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Winthrop Nat’l Bank, Boston,
First National Bank, Chelsea,
Fairhaven N’l B’k, Fairhaven,
Fall River N’l B’k, Fall River,
Metacomet N’l B’k, Fall River,
Railroad Nat’l Bank, Lowell, .
First National Bank, Malden,.
Citizens’ N’l B’k, New Bedford,
First N’l Bank, New Bedford, .
Mechanics’ National Bank,
New Bedford,
Merchants’ National Bank,
New Bedford,
National Bank of Commerce,
New Bedford,
Third Nat’l Bank, Springfield,
National Bank of South Read­
ing, Wakefield,


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

Estimated
Market Value.

Amount Invested.

$44,000
23,000
10,000
46,000

$37,400
35,650
23,500
51,060

$44,000
23,000
10,000
46,000

00
00
00
00

20,000
38,000
20,000
49,000
3,000
17,000
2,000
20,000 '
50,000
13,000
4,000
23,000
53,000
14,000
14,000
9,000
35,000
13,000
1,800
20,000
1,760
20,000
25,000
4,500
15,000
100,000
135,600

27,800
40,280
24,200
74,480
2,430
13,940
2,500
21,200
46,000
17,420
6,360
24,150
94,870
15,400
12,740
10,080
31,150
14,040
2,358
21,200
1,540
21,400
33,750
5,940
24,000
120,000
207,468

20,000
38,000
20,000
49,000
3,000
17,000
2,000
20,000
50,000
13,000
4,000
23,000
53,000
14,000
14,000
9,000
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
00
00
00
00
00
00
00
00
00
00
00
00
00

100,000

180,000

100,000 00

109,600

224,680

109,600 00

136,600
20,000

116,110
40,000

136,600 00
20,000 00

7,000

8,050

7,000 00

$1,376,860

$1,837,976 $1,376,860 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

403

New Bedford Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s..............................
Boston & Lowell R.R. 4£s,
Boston & Lowell R.R 5s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6s,.

$13,000
20,000
36,000
44,000
200,000
30,000
200,000
38,000
50,000
68,000
$699,000

Estimated

Amount Invested.

Market Value.

$14,820
20,800
37,440
44,440
208,000
31,200
202,000
39,520
54,000
70,040

00
00
00
00
00
00
00
00
00
00

$13,000
20,000
36,000
44,000
200,000
30,000
200,000
38,000
50,000
68,000

00
00
00
00
00
00
00
00
00
00

$722,260 00 $699,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.

Amount.

Kate.

$152,249 28
220,360 20
40.000 00

2

2 0 .0 0 0 00
1 0 ,0 0 0 0 0

3

2 0 0 ,0 0 0 00

2è
2 fr

per cent.
“
“
“

3|
Q7
6

“
<<

Amount.

$40,000
50.000
865,550
25.000
2,544,100
924,000

Kate.

00
00
00
00
00
00

3^ per cent.
3|
“
3|
“
H
“
4
“
4i
“

Amount.

$1,239,529
157,650
569,384
495,222
2,400
112,278

Rate.

19
00
30
00
00
00

4^ per cent.
4|
5
“
5é
“
5|
6
“

Amount invested in real estate for banking purposes...........................................
Estimated value of the sa m e ,........................................................................................
Assessed value of the s a m e , ........................................................................................
Number of loans which are of an amount not exceeding $3,000 each ,. 422
Aggregate amount o f the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 466
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the b y-law s: first Monday in April and
October.
Rate and amount o f each semi-annual dividend f 2 per cent., $231,154 53 1
during the year ending Oct. 31, 1895,
.
. i 2 per cent., 233,527 72 1
Number o f accounts opened during the year ending Oct. 31, 1895,
2,344
Number of accounts closed during the year ending Oct. 31,1895,
Total number of open accounts Oct. 31, 1895,
.
.
.
.


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

1,838
22,350

$65,852 81
70,000 00
70,650 00
542,406 30

571,401 88

464,682 25

404

REPORT OF THE

[Pub. Doc.

New Bedford Institution for Savings — Concluded.
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ),............................................................................................................$22,703 48
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895....................................................................................................
.
1,541,29980
Number of s a m e , ................................................................................................ 13,004
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895................................................................................................................................ 1,617,540 06
Number of s a m e , ................................................................................................ 15,796
Date of examination by commissioners : September 20.


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

No. 8.]

405

SAYINGS BANK COMMISSIONERS.

N E W B U R Y P O R T F IV E

CENTS

S A V IN G S

BANK — N E W -

B U R YPO R T.

Incorporated April 24, 1854.

M oses H . F o w l e r ,

Present number of corporators, 48.

J. A . M a y n a r d , T r e a s u r e r .
J. A . M a y n a r d , C le r k o f the C o r p o r a tio n .

P r e s id e n t .

Names of committee charged with the investment of its funds:
A . W . Green leaf,

N ath a n ie l D ole ,
W m . F . H ouston.

M oses H . F o w le r ,

Open for business every business day, except Saturday, 9 a m . to I p .m . ;
p .m . ; Saturday, 9 a . m to 1 p . m .

B a l a n c e 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,
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,
.
.
.
.

2.30 to 4

31, 1895.

L ia b ilit ie s .

$292,000
143,700
33,500
171,000

00
00
00
00

30,000 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Premium account, .

$1,196,516 19
63,644 85
72,817 91
1 0 ,0 0 0 00

6,140 05

2 ,0 0 0 00

465,285
159,500
44,750
172
7,210

00
00
57
50
93

$1,349,119 00

$1,349,119 00

Cash on Deposit in Bank : —
First National Bank, N e w b u r y p o r t ,.....................................................................$44,750 57

Loans on Bank Stock, amount on each : —
On 15 shares First National Bank, Newburyport,
.
.
.
.
.
On 20 shares First National Bank, N e w b u r y p o r t ,........................................
On 49 shares Ocean National Bank, N e w b u r y p o r t ,........................................
On 40 shares First National Bank, I p s w i c h , .................................................
On 50 shares Essex National Bank, H a v e r h ill,..................................................
On 200 shares Broadway National Bank, B o s t o n , ........................................


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

$1,500
2,000
2,000
3,000
5,000
20,000

00
00
00
00
00
00

[Pub. Doc.

REPORT OF THE

406

Hewburyport Five Cents Savings Bank —

Continued.

Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s. .
of Boston, Mass., 3-^s,
of Cambridge, Mass., 4s,.
of Chicago, 111., 4s, .
of Danbury, Conn , 4s,
of Fall River, Mass., 5s., .
of Grand Rapids, Mich., 4^s, .
of Lynn, Mass., 4s, .
of Marlborough, Mass., 4s,
of Meriden, Conn , 4s,
of Nashua, N. II , 4s,
.
of Saginaw, Mich., 4s,
of Somerville, Mass., 4s, .
of Somerville, Mass., 4±s,
of Taunton, Mass., 4s,
of Waltham, Mass., 4s, .
of Woonsocket, R. I., 4s, .
Town of Arlington, Mass., 4s,.
of Cranston, R. I., 4s, .
County of Aroostook, Me , 4£s,

$10,000
20,000
20,000
25,000
14,000
15,000
15,000
30,000
15,000
10,000
10,000
10,000
14,000
10,000
14,000
25,000
5,000
5,000
15,000
10,000

Estimated
Market Value.

$10,700
20,600
22,200
26,000
14,700
15,450
16,500
30,760
16,050
10,300
10,450
10,250
14,630
10,200
14,700
26,250
5,100
5,225
15,600
10,500

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

Amount Invested.

$10,000
20,000
20,000
25,000
14,000
15,000
15,000
30,000
15,000
10,000
10,000
10,000
14,000
10,000
14,000
25,000
5,000
5,000
15,000
10,000

00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*

$292,000 $306,165 00 $292,000 00
*

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

10 Atlantic N’l Bank, Boston,
60 Atlas National Bank, Boston, .
22 Blackstone N’l B’k, Boston, .
100 Boston National Bank, Boston,
8 Boylston Nat’l Bank, Boston, .
82 Columbian Nat’l Bank, Boston,
42 Continental Nat’l B’k, Boston,
33 Eliot National Bank, Boston, .
50 Everett National Bank, Boston,
50 Globe National Bank, Boston,
10 Hamilton Nat’l Bank, Boston,.
15 Howard Nat’l Bank, Boston, .
76 Market Nat’l Bank, Boston, .
18 N’l B’k of Commerce, Boston,
100 National Bank of the Commonwealth, Boston, .


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

Par Value.

Estimated
Market Value.

$1,000
6,000
2,200
10,000
800
8,200
4,200
3,300
5,000
5,000
1,000
1,500
7,600
1,800

$1,260
7,380
2,194
10,000
1,048
8,200
4,536
4,389
4,000
4,250
1,070
1,445
6,080
1,998

10,000

13,900 00

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

Amount Invested.

$1,000
6,000
2,200
10,000
800
8,200
4,200
3,300
5,000
5,000
1,000
1,500
7,600
1,800

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

10,000 00

No. 8.]

407

SAVINGS BANK COMMISSIONERS.

Newbury port Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

Par Value.

N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
National City Bank, 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,
Shawm lit N’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
First N’l Bank, Newburyport,
Mechanicks’ N’l Bank, New­
buryport,
.
.
.
.
60 Ocean N’l B’k, Newburyport,.

10
23
80
74
5
25
37
24
37
10
10
70
12
158
50
56
50

$1,000
2,300
8,000
7,400
500
2,500
3,700
2,400
3,700
1,000
1,000
7,000
1,200
15,800
5,000
5,600
5,000
3,000

Estimated
Market Value.

$1,067
3,496
6,480
6,123
625
2,650
3,436
3,237
3,848
1,590
1,100
6,370
1,257
14,378
4,450
7,224

50
00
00
50
00
00
37
00
00
00
00
00
00
00
00
00

6,487 50
3,000 00

Amount Invested.

$1,000
2,300
8,000
7,400
500
2,500
3,700
2,400
3,700
1,000
1,000
7,000
1,200
15,800
5,000
5,600

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

5,000 00
3,000 00

$143,700 $148,570 37 $143,700 00

Detailed Statement o f Railroad Bonds.
•

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4is,
Concord & Montreal R.R 4s, .
Fitchburg R R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
.
.
St. Johnsbury & Lake Champlain
R.R 5s,.
.
.
.
.
.
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,


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

Par Value.

$30,000
10,000
35.000
25.000
25.000
15.000
10.000
10,000
11,000
$171,000

Estimated
Market Value.

$30,600
10.450
40,425
26,000
25,250
15.450

00
00
00
00
00
00

11,900 00
10,100 00
11,440 00

Amount Invested.

$30,000
10,000
35.000
25.000
25.000
15.000

00
00
00
00
00
00

10.000 00
10,000 00
11,000 00

$181,615 00 $171,000 00

408

REPORT OF THE

[Pub. Doc.

Newbury port Five Cents Savings B an k — C oncluded.
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.

Rate.

$44,750 57
64,500 00

4

2 1 ,0 0 0 00

H

15,000 00

4|

2

per cent.
“
“

Amount.

$74,800
12,500
235,400
5,000

Rate.

00
00
00
00

4J per cent.
4|
5

“

5i

“

Amount.

$58,150 00
169,460 00
2,475 00

Eate.

5£ per cent.
6

7

Amount invested in real estate for banking purposes,....................................... $30,000 00
Estimated value of the s a m e , ...............................................................................
35,000 00
Assessed value o f the s a m e ,.........................................................................................
33,000 00
Net income received from same during year ending Oct. 31, 1895,
.
.
281 00
Value, by books, of other 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 ,. 267
Aggregate amount o f the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , .................................................294
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. 31,1895......................................................................................
Times for the dividends fixed by the by-laws : first Monday in M ay and
November.
Rate and amount of each semi-annual dividend f 2 per cent., $21,419 62 )
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 22,061 72 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 311
Number of accounts closed during the year ending Oct. 31, 1895,
. 224
Total number of open accounts Oct. 31, 1895,
.
.
.
.
3,422
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes)..............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895.......................................................................................................
Number of s a m e , ...................................................................................................1 ,5 7 1

2 ,0 0 0 00
5

250 00

266,285 00
2,000 00
61,369 56

’

2

34

870 17

182,030 36

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of same.........................................................................................................1,644
Date of examination by commissioner: July 30.


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

151,347 20

No. 8.]

SAVINGS BANK COMMISSIONERS.

409

N E W T O N S A V IN G S B A N K — N E W T O N .

Incorporated June 17, 1831.
Jam

es

F. C. H

yd e

Present number of corporators, 15.

, P r e s id e n t .
Ch

arles

A

A . M

in e r

dolph us

J. B

lanch ard

, T r e a su r e r .

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
J. F . C. H

yd e

,

Sa m
F

r a n c is

M

uel

urdock

M . Jack so n ,

.

Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 1 p . m .

B a l a n 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 stock,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).............................................
Deposits in banks, on interest, .
Suspense account,
Cash on hand,
.
.
.
.

a .m

.

to 12

m

.;

2 to 4

p .m

.;

81, 1895.

L ia b il it ie s .

$

100,000 00

37,925
450
294,500
6,000
54,765
1,958,413
321,249

00
00
00
00
33
05

20,000
67,611
1,177
5,807

00
04
47
61

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$2,691,819 58
68,800 00
35,798 24
71,481 36

68

$2,867,899 18

$2,867,899 18

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
Newton National Bank, Newton,

$53,000 00
14,611 04

Loan on Bank Stock: —
On 5 shares Mechanics’ National Bank, Boston,

$450 00

Loans on Railroad Stock, amount on each: —
On 42 shares Boston & Albany R .R .........................
On 11 shares Boston & Albany R .R .........................


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

$5,000 00

1,000 00

41U

[Pub. Doc.

REPORT OF THE

Newton Savings Bank— Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 6s, .
of Lewiston, Me., 6s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Pittsfield, Mass., 4s,
of Worcester, Mass., 5s, .
Town of Franklin, N. H., 4s, .
of Needham, Mass., 4s,.

$1,000
3.000
4.000
2.000
5.000
50.000
10.000
5.000
5.000
15,000
$100,000

Estimated
Market Value.

$1,185
3,090
4,060
2,230
5,350
56,000
10,500
5,650
5,200
15,675

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$1.000
3.000
4.000
2.000
5.000
50.000
10.000
5.000
5.000
15,000

00
00
00
00
00
00
00
00
00
00

$108,940 00 $100,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

Commercial N’l B’k, Boston, .
Globe National Bank, Boston,
Lincoln Nat’l Bank, Boston, .
N’l B’k of the Commonwealth,
Boston,..................................
30 Nat’l Revere Bank, Boston,
6 State National Bank, Boston, .
15 Winthrop Nat’l Bank, Boston,
10 First Nat’l Bank, Cambridge,.
25 Wachusett N’l B’k, Fitchburg,
25 Natick Nat’l Bank, Natick,
15 Newton Nat’l Bank, Newton, .
3 Waltham N’l Bank, Waltham,

50
25
116
60

$5,000
2,500
11,600
6,000
3,000
600
1,500
1,000
2,500
2,500
1,500
225
$37,925

Estimated
Market Value.

$4,000 00
2,125 00
9,019 00
8,340
2,786
672
1,965
1,800
5,000
3,000
1,200
315

00
25
00
00
00
00
00
00
00

$40,222 25

Amount Invested.

$5,000 00
2,500 00
11,600 00
6,000
3,000
600
1,500
1,000
2,500
2,500
1,500
225

00
00
00
00
00
00
00
00
00

$37,925 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R 4s,
Boston & Lowell R.R. 5s,
Boston & Maine R.R. 4£s,
Concord & Montreal R.R. 4s, .


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

$21,000
4,000
100,000
20,000

Estimated
Market Value.

$21,362
4,120
115,500
20,800

50
00
00
00

Amount Invested.

$21,000
4,000
100,000
20,000

00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS

411

Newton Savings Bank — C oncluded.
Detailed Statement o f Railroad Ronds — Concluded.
Estimated
Market Value.

Par Value.

Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R R. 5s..............................
Leeds & Farmington R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 6s,
Maine Central R.R. 7s, .
Old Colony R.R. 4s,.
Portland & Ogdensburg R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

$25,000
27,000
1,500
10,000
9,000
7,000
25,000
20,000

$26,875
29,600
1,522
10,300
9,810
9,520
27,000
• 21,800

25,000

Amount Invested.

00
00
50
00
00
00
00
00

$25,000
27,000
1,500
10,000
9,000
7,000
25,000
20,000

00
00
00
00
00
00
00
00

29,750 00

25,000 00

$294,500 $327,960 00

$294,500 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$14,611 04
53.000 00
2 0 .0 0 0 00
2 0 ,0 0 0 00

Kate.

2
2i

per cent.

4

“
“

H

“

Amount.

$ 2 1 0 ,0 0 0
25.000
34.000
1,695,111

Rate.

00

00
00
49

Amount.

4£ per cent.
4§
4|
5
“

$43,165 17
211,136 07
47,700 00

Kate.

■54 per cent.
«è
6
“

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value o f the s a m e , ........................................................................................
Number o f loans which are of an amount not exceeding $3,000 each, 309
Aggregate amount o f the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 450
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ...............................................................................
Times for the dividends fixed by the b y-law s: January 10 and July 10.
Rate and amount of each semi-annual dividend f 2 per cent., $46,011 13 1
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
48,751 10 1
Number of accounts opened during the year ending Oct. 31, 1895,
1,109
Number o f accounts closed during the year ending Oct. 31, 1895,
. 603
Total number of open accounts Oct. 31, 1895,
.
.
.
.
9,449
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895.......................................................................................................
Number of s a m e , ........................................................................................ 9,279
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of same.............................................. .........
.
Date of examination by commissioner : May 31,


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

.

.

.

5,962

$54,765 33
56,100 00
582,621 17

131,874 56

94,762 23

8,452 43
611,812 34

438,900 87

[Pub. Doc.

REPORT OF THE

412

N O R T H A M P T O N IN S T IT U T IO N FOE, S A V IN G S —
NORTHAM PTON.

Incorporated March 1, 1842.

Present number of corporators, 15.

(Vacancy), P r e s id e n t .
P*- M a l t b y , T r e a s u r e r .
T . G. S pau l din g , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :

L. M a l t b y ,
O scar E d w a r d s ,
Ol iv e r W a l k e r .

Open for business every business day, except Saturday, 9
9 a . m . to 12 M.

B alan ce Sh eet O ctober

.m .

to 3

p

.m .

; Saturday,

31, 1895.
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, (for banking pur­
poses),
........................................
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,
.
.
.
.

a

$899,000 00
58.900.00
16,075 00
290,000 00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$2,911,324 20
148,000 00
27,170 01

27.000
00
2,600 00
1,362,985 50
293,555 00
17,000
585
110,742
718
7,332

00

00
18
78
75

$3,086,494 21

$3,086,494 21

Cash on Deposit in Banks, amount in each: —
Globe National Bank, Boston....................................................................................................2,340 07
Northampton National Bank, Northampton,
.
.
.
.
.
.
83,402 11
Pynchon National Bank, S p rin g fie ld ,.....................................................................


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

25,000 00

No. 8.]

4 13

SAYINGS BANK COMMISSIONERS.

Northampton Institution for Savings — Continued.
Loans on Bank Stock, amount on each: —

$100 00

On 5 shares Northampton National Bank, Northampton,
On
On
On
On
On
On
On
On
On

2,200
575
50
65

22 shares First National Bank, Northampton,
6 shares First National Bank, Northampton, .
5 shares First National Bank, Easthampton, .
10 shares First National Bank, Easthampton,
10 shares First National Bank, Easthampton,
100 shares First National Bank, Easthampton,
12 shares First National Bank, Easthampton,
18 shares First National Bank, Easthampton,
10 shares W are National Bank, W are,
.

00
00
00
00

1,000 00
10,000
685
500
900

00
00
00
00

Detailed Statement o f Public Funds.

Par Value.

City of Akron, Ohio, 5s, .
of Boston, Mass., 4s,
of Cambridge, Mass , 4s,
of Cleveland, Ohio, 4£s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Dayton, Ohio, 5s,
of Dayton, Ohio, 6s,
of Detroit, Mich., 4s,
of Detroit, Mich., 7s,
of Grand Rapids, Mich., 4£s, .
of Manchester, N. H., 4£s,
of Milwaukee, Wis., 5s, .
of Milwaukee, Wis., 7s, .
of Northampton, Mass., 4s,
of Providence, R. I., 4s, .
of Scranton, Pa., 4£s,
of Springfield, Ohio., 5s, .
Town of Meriden, Conn , 4£s,.
of Meriden, Conn., 6s, .
United States 4s,
United States 5s,
. . .

Estimated
Market Value.

$20,050 00
$20,000
223,500 00
200,000
32,100 00
30.000
29,260 00
28.000
82.500 00
75.000
33,825 00
33.000
24,960 00
24.000
31,470 00
31.000
54.750 00
50.000
23,850 00
20.000
22,200 00
20,000
27.750 00
25.000
11,240 00
10.000
6,120 00
6,000
52.500 00
50.000
54.250 00
50.000
35.000 ' 37,100 00
7,760 00
7,000
42,600 00
40.000
20.500 00
20.000
60.750 00
50.000
86.250 00
75.000

Amount Invested.

$20,000
200,000
30.000
28.000
75.000
33.000
24.000
31.000
50,000
20,000
20,000
25,000
10,000
6,000
50.000
50.000
35.000
7,000
40.000
20.000
50,000
75,000

00
00
00
00
00
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$899,000 $985,285 00 $899,000 00
* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

29
53
31

Par Value.

Atlantic Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Bunker Hill N’l Bank, Boston,


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Federal Reserve Bank of St. Louis

$2,900
5,300
3,100

Estimated
Market Value.

$3,654 00
5,300 00
6,138 00

Amount Invested.

$2,900 00
5,300 00
3,100 00

414

REPORT OF THE

[Pub. Doc.

Northampton Institution for Savings

— C ontinued.

No. of
Shares.

Detailed Statement o f Batik Slocks — Concluded.

Par Value.

105 First National Bank, Boston, .
17 Hancock Nat’l Bank, Boston, .
20 Merchants’ Nat’l B’k, Boston, .
7 Monument Nat’l B’k, Boston, .
15 N’l B’k of Commerce, Boston,
27 N’l B’k of No. America, Boston,
10 Nat’l Exchange Bank, Boston,
13 Nat’l Webster Bank, Boston, .
50 Second National Bank, Boston,
26 Shawmut Nat’l Bank, Boston,
17 State National Bank, Boston, .
20 Washington N’l B’k, Boston, .
9 First N’l Bank, Northampton,
100 Northampton National Bank,
Northampton,
40 City Nat’l Bank, Worcester, .

$10,500
1,700
2,000
700
1,500
2,700
1,000
1,300
5,000
2,600
1,700
2,000
900

Estimated
Market Value.

$25,095
1,530
3,200
1,645
1,665
2,889
1,250
1,352
8,950
2,860
1,904
2,160
1,080

Amount Invested.

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

$10,500
1,700
2,000
700
1,500
2,700
1,000
1,300
5,000
2,600
1,700
2,000
900

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

10,000
4,000

14,000 00
5,800 00

10,000 00
4,000 00

$58,900

$90,472 00

$58,900 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Boston & Albany R R 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 4£s, .
Old Colony R.R. 4s,.

$50,000
40.000
100,000
50.000
50.000

Estimated
Market Value.

$52,750
45,600
110,000
54,000
53,500

Amount Invested.

00
00
00
00
00

$50,000
40.000
100,000
50.000
50.000

00
00
00
00
00

$290,000 $315,850 00 $290,000 00

Total Amount of Loans, with Each Specified Bate o f Interest.
Amount.

$2,340 07
83,402 11
168,350 00

Rate.

2

per cent.

3

4


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Federal Reserve Bank of St. Louis

“

Amount.

$50,000 00
277,000 00

Rate.

Amount.

Rate.

4;1 per cent.
“

$1,198,725 50
21,125 00

5 per cent.
6
“

4i

No. 8.]

415

SAYINGS BANK COMMISSIONERS.

Northampton Institution for Savings — Concluded.
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, 1895,
Value, by books, of other real estate held or owned by foreclosure or other­

$27,000 00
35,000 00
26,250 00
310 46

wise,
..............................................................................................................................
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1895,
Number o f loans which are of an amount not exceeding $3,000 each ,. 337

2,600 00
2,350 00

Aggregate amount of the s a m e , ...............................................................................
Total number o f loans upon real e s t a t e , ................................................. 406
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur­

308,382 50

ing year ending Oct. 31, 1 8 9 5 , ...............................................................................
Times for the dividends fixed by the b y-law s: first Wednesday in April

148,783 82

222

45

1,900 00

and October.
Rate and amount of eachsemi-annual dividend! 2 per cent., $54,035 40 1 109,813 04
during the yearending Oct. 31, 1895,
.
. ' 2 per cent.,
55,777 64 J
Number of accounts opened during the year ending Oct. 31, 1895,
1,103
Number of accounts closed during the year ending Oct. 31, 1895,
830
Total number of open accounts Oct. 31, 1895,
.
.
.
.
7,319
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
7,816 59
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­
485,586 68
ing Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ...................................................................................................6,197
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , .................................................................................................. 5,419
Date of examination by commissioner: M ay 20.


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Federal Reserve Bank of St. Louis

442,456 69

416

REPOET OF THE

[Pub. Doc

WORTH A D AM S S A V IN G S B A N K — WORTH A D AM S.
Incorporated April 26, 1848.

Present number o f corporators, 36.

A . C. H oughton , P r e s id e n t .
V . A . W h it a k e r , T r e a s u r e r .
V . A . W h it a k e r , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
A . B . W r ig h t ,

G eorge L. R ic e ,
W . H. G a y l o r d .

Open for business every business day, 9 a .m . to 4 p . m .

B alan ce 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),
........................................
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,
Interest account , .
.
.
.
Profit and loss, .
.
.
.
Cash on hand,
.
.
.
.

31, 1895.

L ia b il it ie s .

$149,600 00
79,400 00
4,600 00
2 0 ,0 0 0 00

15,222
15,738
1,438,867
673,350

04
43
10
00

117,000
180
33,174
4,666
781
24,214
5
2,934

00
00

Deposits, .
Guaranty fund,
Undivided earnings,
State tax account, .
Due on
mortgage
loans,

$2,456,030 39
1 0 0 ,0 0 0 00

15,000 00
3,000 00
5,705 90

89
80
49
87
85
82

$2,579,736 29

$2,579,736 29

Cash on Deposit in Banks, amount in each: —
New England National Bank, B o s t o n ,..................................................................... $8,174 89
Adams National Bank, North A d a m s ,.....................................................................
3,564 93
Berkshire National Bank, North A d a m s , ........................................................... 1,101 87
Agawam National Bank, Springfield..........................................................................
25,000 00
Loans on Bank Stock, amount on each: —
On 87 shares Adams National Bank, North A d a m s , ........................................$4,350 00
On 3 shares Pittsfield National Bank, P itts fie ld ,.................................................
250 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

417

North Adams Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Dayton, Ohio, 4s,
of Fall River, Mass., 6s, .
of Lowell, Mass., 4s,
of New Bedford, Mass., 6s,
of Norwich, Conn., 4s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
of Woonsocket, R. I., 4s,
Town of Plymouth, Mass., 4s,

$2,000
20,000
10,000
10,000
1,000
25,000
5,000
18,000
30,000
28,600
$149,600

*

Estimated
Market Value.

$2,140
20,400
11,890
10,300
1,000
25,790
6,000
19,100
30,700
29,200

Amount Invested.

$2,000
20,000
10,000
10,000
1,000
25,000
5,000
18,000
30,000
28,600

00
00
00
00
00
00
00
00
00
00

00
00*
00
00
00
00
00
00
00
00

$156,520 00 $149,600 00

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

14
250
500
30

Par Value.

Lee National Bank, Lee,
Adams N’l B’k, North Adams,
Berkshire N’l B’k, No. Adams,
Pittsfield N’l Bank, Pittsfield,

$1,400
25,000
50,000
3,000
$79,400

Estimated
Market Value.

$2,240
31,250
55,000
4,500

00
00
00
00

$92,990 00

Amount Invested.

$1,400
25,000
50,000
3,000

00
00
00
00

$79,400 00

Detailed Statement o f Railroad Bonds.

Fitchburg R.R. 4s, .

Par Value.

Estimated
Market Value.

$ 2 0 ,0 0 0

$ 2 0 ,0 0 0 0 0

Amount Invested.

$ 2 0 ,0 0 0

00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$8,174 89
330,000 00

2

4

Rate.

Amount.

Rate.

Amount.

per cent.
“

$140,000 00
1,653,671 26

4 i per cent.
5
“

$135,325 84


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Federal Reserve Bank of St. Louis

Rate.

6

per cent.

418

REPORT OF THE

[Pub. Doc.

North Adams Savings Bank— Concluded.
Amount invested in real estate for banking purposes,........................................$15,222 04
Estimated value of the s a m e , ...............................................................................
40,000 00
Assessed value of the s a m e ,.........................................................................................
31,000 00
Net income received from same during year ending Oct. 31, 1895,
.
.
183 33
Value, by books, of other real estate held or owned by foreclosure or
o t h e r w i s e ,......................................................................................................................
15,738 43
Assessed value of the s a m e , .........................................................................................
21,700 00
Number of loans which are of an amount not exceeding $3,000 each, 451
Aggregate amount of the s a m e , ....................................... .........
.
.
.
489,125 84
Total number of loans upon real e s t a t e , ................................................. 458
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1895,
...............................................................................
116,33518
Times for the dividends fixed by the b y-law s: April 1 and October 1.
^
Rate and amount of each semi-annual dividend f 2 per cent., $43,444 62 )
gg
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,
45,630 03 J
’
Number of accounts opened during the year ending Oct. 31, 1895,
1,400
Number of accounts closed during the year ending Oct. 31,1895,
1,063
Total number of open accounts Oct. 31, 1895,
.
.
.
.
6,392
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
............................................................................................................. 8,817 28
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1895..............................................................................................................
613,332 55
Number o f s a m e , .................................................................................................. 7,243
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , ...................................................................................................5,142
Date of examination by commissioner: September 16.


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Federal Reserve Bank of St. Louis

493,488 67

No. 8.]

SAYINGS BANK COMMISSIONERS

419

N O R TH A V E N U E SA V IN G S B A N K — CA M BR ID G E .

Incorporated March 7, 1872.

Sam uel F . W oodbridge , P r e s id e n t.
G eorge W . P a r k e ,

Present number o f corporators, 30.

M ilton L. W alton ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :

S amuel F . W oodbridge ,
C h arles F . S tratton ,
R ussell S. E d w a r d s ,
J ohn J. H enderson ,
W arren L . H ooper .

Open for business every business day, 9 a .m to 1 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 .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on railroad stock,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .......................................
Deposits in banks, on interest, .
Interest account , .
.
.
.
Cash on hand,
.
.
.
.

31, 1895.

L ia b ilit ie s .

$5,000 00
5,850 00
20 0 00
2 0 ,0 0 0 00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$480,048 70
9,700 00
17,635 92

500 00
334,193 00
116,275 00
5,400
18,261
1,077
627

00
83
74
05

$507,384 62

$507,384 62

Cash on Deposit in Banks, amount in each: —
Faneuil H all National Bank, B o s t o n , .....................................................................$12,400 54
Howard National Bank, Boston.................................................................................... 5,861 29
Loan on Bank Stock : —
On 7 shares South Berwick National Bank, South Berwick, M e.,

.

.

$200 00

On 6 shares Boston & Maine R . R . , .....................................................................

$500 00

Loan on Railroad Stock: —


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Federal Reserve Bank of St. Louis

REPORT OF THE

420

[Pub. Doc,

North Avenue Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

United States 4s,

.

.

.

$5,000

Estimated
Market Value.

$5,550 00

Amount Invested.

$5,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

13
22
5
5
15

Par Value.

Blackstone N’l Bank, Boston,.
Faneuil Hall N’l B’k, Boston, .
Nat’l Exchange Bank, Boston,
Third National Bank, Boston,
First N’l Bank, Marlborough,

Estimated
Market Value.

$1,300
2,200
500
500
1,500

$1,296
2,926
625
455
1,725

75
00
00
00
00

$6,000

$7,027 75

Amount Invested.

$1,300
2,200
500
500
1,350

00
00
00
00
00

$5,850 00

Detailed Statement o f Railroad Bonds.

Par Value.

Concord & Montreal R.R. 4s, .
Fitchburg R.R 5s, .
Old Colon}' R.R. 4s,
. . .
Upper Coos R.R. 4s,
Upper Coos R.R. 4£s,

$5,000
2,000
3,000
5,000
5,000
$20,000

Estimated
Market Value.

$5,200
2,200
3,210
5,000
5,250

00
00
00
00
00

$20,860 00

Amount Invested.

$5,000
2,000
3,000
5,000
5,000

00
00
00
00
00

$20,000 00

Total Amount o f Loans, with Each Specified Rate of Interest.

Rate.

Amount.

$18,261 83
20,400 00
17,000 00

2

4
4*

per cent.
“
“


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

Amount.

Rate.

$169,178 00
4,900 00
155,520 00

5 per cent.
H
“
5è
“

Amount,

Rate.

$88,870 00
600 00

6

100 00

7

6è

per cent.
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

North Avenue Savings Bank —

421

Conclud ed .

Number of loans which are of an amount not exceeding $3,000 each ,.

136

Aggregate amount o f the same,
...............................................................................
Total number of loans upon real e s t a t e , ................................................. 156
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-laws : January 10 and July 10.
Rate and amount of each semi-annual dividend j 2 per cent.,
$7,642 49 J
during the year ending Oct. 31, 1895,
.
. (2percen t.,
8,277 69

$

202,668 00

23,487 41

15,920 18

Number of accounts opened during the year ending Oct. 31,1895,
. 486
Number o f accounts closed during the year ending Oct. 31, 1895,
. 239
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,272
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year

2,079 10

ending Oct. 31, 1 8 9 5 ,..................................................................................................
Number of same, .
.....................................................................3,113
Amount of withdrawals, including dividends, during the year ending Oct.

156,334 11

31, 1895..............................................................................................................................
Number of s a m e , ........................................................................................ 1,752
Date o f examination by commissioner : April 4.

108,978 84


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Federal Reserve Bank of St. Louis

422

REPORT OF THE

[Pub. Doc

WORTH B R O O K FIE LD S A V IN G S B A N K — WORTH
B R O O K FIE LD .
Incorporated Feb. 28, 1854.

Present number o f corporators, 35.
C h ar l es E . Ba t c h e l l e r , T reasu rer.

G e o r g e 11. H a m a n t , P r e s id e n t .

C h a r l e s E . B a t c h e l l e r , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
G eorge R . H a m a n t ,

L u t h e r P. D e l a n d ,

F r a n k A . Sm it h ,

Sum ner H olm es.

Open for business every business day, except Saturday, 9 a . m . to 1
Saturdays, from 9 a . m to 12 m .

B alan ce 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),
.......................................
Real estate by foreclosure, .
Loans on real estate, .
Loans to counties, cities or towns
(notes).............................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Safe and furniture,
Cash on hand,
.
.
.
.

p .m

. ; 2 to 4 p . m . ;

81, 1895.

L iab ilities .

$126,500
1,400
600
173,000

00
00
00
00

10,000 00
22,821 21
395,246 76

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$699,482 23
38,300 00
6,710 16
6,536 34

8,000 00
9,044 89
1,572 05
50 77
2,000 00
793 05
$751,028 73

$751,028 73

Cash on Deposit in Banks, amount in each : —
Third National Bank, B o s t o n , ...............................................................................$4,012 50
Maverick National Bank, B o s t o n , .....................................................................
1,572 05
First National Bank, W orcester,...............................................................................
5,032 39

Loan on Bank Stock: —
On 8 shares W are National Bank, W a r e , ...........................................................


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

$600 00

N o . 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S

423

North Brookfield Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass , 6s,
of Canton, Ohio, 5s,.
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Dayton,Ohio, 5s, .
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 5s,
of Malden, Mass., 4s,
of Milwaukee, Wis., 7s, .
of Portsmouth, N. H., 6s,
of Providence, R. L, 5s, .
of Salem, Mass., 5s,.
■of Stamford, Conn., 4s, .
of Springfield, Ohio, 5s,.
County of Aroostook, Me., 4£s,
State of New Hampshire 6s, .

.

Estimated
Market Value.

$4,000
10,000
1,000
7,000
35,000
16,000
5,000
10,000
1,000
5,000
7,000
2,000
4,000
11,000
7,000
1,500

$4,680
11,350
1,140
7,185
38,680
17,120
5,000
10,200
1,020
5,125
7,810
2,200
4,200
11,855
7,350
1,630

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

Amount Invested.

$4,000
10,000
1,000
7,000
35,000
16,000
5,000
10,000
1,000
5,000
7,000
2,000
4,000
11,000
7,000
1,500

00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00*
00

$126,500 $136,545 00 $126,500 00
*

Legal investments when made.

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

Amount Invested.

$1,330 00
420 00

■€»
r
f*
o O
o
o o
o o
o o

Eliot National Bank, Boston, .
Ware National Bank, Ware, .

Estimated
Market Value.

H
-*
o O
o
o o

10
4

Par Value.

$1,400

$1,750 00

$1,400 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
.
.
.
Boston & Maine R.R. 4s,
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R, 4s, .
Eastern R.R. 6s,
. . .


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

Estimated
Market Value.

Amount Invested.

$7,000

$7,350 00

$7,000 00

5,000
20,000
5,000
15,000
27,000

5,700
20,800
5,350
15,600
32,400

5,000
20,000
5,000
15,000
27,000

00
00
00
00
00

00
00
00
00
00

424

REPORT

OF

THE

[P u b . D o c

Worth Brookfield Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Fitchburg R.R. 5s, .
Maine Central R.R. 4s, .
Maine Central R.R. 6s,
Maine Central R.R. 7s,
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,
Portsmouth, Gt. Falls & Conway
R.R. 4 £ s , ..................................
Upper Coos R.R. 4<|s,

$15,000
5,000
6,500
18,000
4,000
25,500
10,000
10,000

Estimated
Market Value.

$16,050
5,050
7,085
23,625
4,120
27,795

Amount Invested.

00
00
00
00
00
00

11,500 00
10,800 00

$15,000
5,000
6,500
18,000
4,000
25,500

00
00
00
00
00
00

10,000 00
10,000 00

$173,000 $193,225 00 $173,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$9,044 89
8,000 00

Rate.

2
4

per cent.

Amount.

$395,246 76

Rate.

5£

per cent.

Amount.

$600 00

Rate.

6 per cent.

“

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 , ........................................................................................
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 same............................................................................................

$10,000 00

10,000 00
10,000 00
22,821 21
28,750 00
715 96

Net income received from same during year ending Oct. 31, 1895,
Number of loans which are of an amount not exceeding $3,000 e a c h ,. 300
Aggregate amount of the s a m e , ..............................................................................
303,094 00
Total number of loans upon real e s t a t e , ................................................. 321
Amount of investments from which no income is received, .
.
.
.
8,324 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 5 , .....................................................................
36,443 11
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend 1 2 per cent., $12,733 82 )
26,107 70
during the year ending Oct. 31, 1895,
.
. 1 2 per cent.,
13,373 88 1
Number of accounts opened during the year ending Oct. 31, 1895,
. 328
Number of accounts closed during the year ending Oct. 31, 1895,
. 220
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,390
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of t a x e s ) , ..................................................................................................
1,537 43
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
110,772 08
Number o f s a m e , ........................................................................................ 1,748
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , .........................................................................................1,384
Date o f examination by commissioner: April 25.


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

98,263 64

N o . 8 .]

S A Y IN G S

BANK

42£y

C O M M IS S IO N E R S .

N O R T H E A STO N S A V IN G S B A N K — N O R TH EASTON .

Incorporated Feb. 8, 1864.

Oakes A. A m es ,

Present number o f corporators, 25.

C h e s t e r R . F ie l d ,

P r e s id e n t .

C h e s t e r R . F ie l d ,

T rea su rer,

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:

O akes A. A m es ,
L eavitt L . B er r y ,
Cyrus L othr op ,
W . K . Gow ard ,
W il lia m H . A m es .

Open for business every business day, 9

a .m

B ala n c e Sh ee t O ctober

. to 12 m . ; 1.30 to 3 p . m .

31, 1895.
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 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,
Expense account,
Cash on hand,
.
.
.
.

$102,185 00
103,105 13

10,000 00
71,621
3,291
375,186
237,300

67
95
46
00

1,000
16,908
15,892
116
1,035

00
80
84
80
52

Deposits, .
Guaranty fund,
Profit and loss
count,

$882,382 50‘
43,720 95
ac­
11,540 72:

$937,644 17

$937,644 17

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, B o s t o n ,................................................. $16,908 80
First National Bank, E a s t o n , ...............................................................................
15,892 84
Loan on Bank Stock: —
On 75 shares First National Bank of Easton, North Easton,
On 36 shares Merchants’ National Bank, New Bedford,
.


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

' J-

$10,000 00

426

REPORT

OF

THE

[P u b . D o c

Worth Easton Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Beverly, Mass., 4s,
of Columbus, Ohio, 4s, .
Town of Greenfield, Mass., 4s,
of Marlborough, Mass., 4s, .
of Montague, Mass., 4s,
of No. Easton (Village District), Mass., 4 s,.
of Randolph, Mass., 4s,.
of Stoughton, Mass., 4s,

Estimated
Market Value.

$8,000
15,000
6,000
10,000
1,000
10,000

$8,560
15,600
6,060
10,200
1,045
10,000

30,000
15,000
8,000

31,500 00
15,600 00
8,040 00

00
00
00
00
00
00

Amount Invested.

$6,960
15,000
6,000
10,000
1,000
10,000

00
00
00*
00
00
00

30,225 00
15,000 00
8,000 00

$103,000 $106,605 00 $102,185 00
*

A legal investment when made.

Mo. of
Shares.

Detailed Statement o f Bank Stocks.

25
25
78
25
25
25
38
25
20
50
57
25
90
50
25
25
25
75
100
66
38
7

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Everett Nat’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
in 7
1 Hide <fcLeather B’k, Boston,
National Revere Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Neponset Nat’l Bank, Canton,
First National Bank, Easton, .
National City Bank, Lynn,
Bristol County National Bank,
Taunton,
Taunton Nat’l Bank, Taunton,


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

$2,500
2,500
7,800
2,500
2,500
2,500
3,800
2,500
2,000
5,000
5,700
2,500
9,000
5,000
2,500
2,500
2,500
7,500
10,000
6,600

Estimated
Market Value.

$3,150
3,075
6,240
2,675
2,500
2,000
4,598
2,025
1,660
5,300
5,301
3,975
9,450
5,500
2,275
2,800
2,225
10,500
14,500
11,880

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

Amount Invested.

$3,150
2,878
8,658
2,950
2,375
2,300
4,789
2,150
1,680
5,312
6,726
3,325
10,485
5,800
2,203
2,693
2,212
8,100
10,500
9,335

00
13
00
00
00
00
00
20
00
50
00
00
00
00
75
75
50
00
00
80

3,800
700

4,940 00
1,029 00

4,560 00
920 50

$91,900

$107,598 00

$103,105 13

N o . 8 .]

S A Y IN G S

BANK

427

C O M M IS S IO N E R S .

North Easton Savings B a n k —

C oncluded.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R.R. 4£s,

Estimated
Market Value.

$31,000
20,000
10,000
5.000
5.000
1.000

$31,465
20,800
10,050
5,500
5,350
1,045

$72,000

$74,210 00

Amount Invested.

00
00
00
00
00
00

$31,000
20,029
9,592
5.000
5.000
1.000

00
45
22
00
00
00

$71,621 67

Total Amount o f Loans, with Each Specified Rate of Interest.

Rate.

Amount.

$16,908
141,800
25.000
35.000

80
00
00
00

2 per cent.
4
“
4|
“
i i

“

Rate.

Amount.

$25,000
10,000
210,280
10,000

00
00
00
00

4J per cent.
4§
“
5
“
5|

Rate.

Amount.

$35,643 46
130,363 00
400 00

5£ per cent.
6
7

"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,. 205
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 234
(Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annual dividend f 2 per cent., $16,341 75 1
during the year ending Oct. 31, 1895,
.
. l 2 per cent., 16,751 42 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 250
Number of accounts closed during the year ending Oct. 31, 1895,
. 196
Total number of open accounts Oct. 31, 1895,
.
.
.
.
2,341
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­

$3,291 95
2,400 00
191,086 46

40,098 02

33,093 17

clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­

1,376 50

ing Oct. 31, 1895..............................................................................................................
N um ber o f s a m e , ...................................................................................................1,390
Amount of withdrawals, including dividends, during the year ending Oct.

123,326 02

31, 1 8 9 5 , ......................................................................................................................
Number of s a m e , ...................................................................................................1,115
Date of examination by commissioner: February 11.

108,888 44


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

428

REPORT

OF

THE

[P u b . D o c

N O R TH EN D S A V IN G S B A N K — BO STON.

Incorporated Feb. 17, 1870.

T homas L . J e n x s ,

Present number of corporators, 27.

H e r b e r t C. W e l l s ,

P r e s id e n t .

W m . C. W il lia m so n ,

T rea su rer^

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :

T homas L. J en k s ,
Clinton V il e s ,
I ncrease E . N o te s ,
W m . G. S h il l a b e r ,
W il l ia m R obinson ,
L . F oster M orse ,
C harles E . W ig g in .

Open for business every business day, 9 a . m . to 2 p . m .; and Saturday, for deposits

only, until 8

p .m .

B alan c e S h eet O ctober

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 by forelosure, .
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, 1895.

$124,900
186,001
10,350
131,906
8,233
1,126,869
167,000

00
37
00
25
39
96
00

15,600
400
77,200
2,401
3,372

00
00
00
65
27

$1,854,234 89

Deposits, .
Guaranty fund,
Interest account,

$1,776,661 17
54,000 00
23,573 72

$1,854,234 89

Cash on Deposit in Banks, amount in each: —
Columbian National Bank, B o s t o n , ..................................................................... $34,200 00
Lincoln National Bank, Boston...................................................................................
1,000
Mechanics’ National Bank, B o s t o n , .....................................................................
1,000
Metropolitan National Bank, B o sto n ,.....................................................................
40,000
National Security Bank, B o s t o n , .....................................................................
1,000


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

00
00
00
00

K o . 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S

429

North End Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
On 30 shares Market National Bank, B o s t o n , .......................................

§ 2,000 00

On 10 shares Hamilton National Bank, Boston..........................................
On 40 shares Winnisimmet National Bank, Chelsea, .
.
.
.
On 200 shares Metacomet National Bank, Fall River,

350 00
3.000 00
5.000 00

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,.
of Rockford, 111., 4^s,
of Sioux City, Iowa, 6s, .
Town of Mansfield, Mass., 4s,
United States 4s,
. . .

$25,000
29,900
10,000
10,000
50,000

Estimated
Market Value.

$25,812
31,843
10,500
10,400
61,375

50
50
00
00
00

Amount Invested.

$25,000
29,900
10,000
10,000
50,000

00
00
00
00
00

$124,900 $139,931 00 $124,900 00

I Xo. of [
' Shares. I

Detailed Statement o f Bank Stocks.

55
50
100
38
30
2
20
50
25
27
100
20
25
100
50
110
4
75
100
10
34
6
21
25
100

Par Value.

Atlas National Bank, Boston, .
Boston Nat’l Bank, Boston,
Columbian Natl Bank, Boston,
Eliot National Bank, Boston, .
Everett Natl Bank, Boston, .
Faneuil Hall N1 Bank, Boston,
First National Bank, Boston, .
Freeman’s Natl Bank, Boston,
Globe Natl Bank, Boston,
Howard Natl Bank, Boston, .
Market N ! Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ N’l B’k, Boston, .
Metropolitan N’l B’k, Boston,.
N’l B’k of Commerce, Boston,
National B’k of the Common­
wealth, Boston, .
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,


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

Estimated
Market Value.

Amount Invested.

$5,500
5,000
10,000
3,800
3,000
200
2,000
5,000
2,500
2,700
10,000
2,000
2,500
10,000
5,000

$6,778
5,031
9,700
4,940
2,557
267
4,795
4,512
2,128
2,538
8,000
1,705
4,006
9,325
5,600

75
25
00
00
50
00
00
50
13
00
00
00
25
00
00

$6,412
5,499
10,449
4,504
2,800
270
3,970
4,951
2,502
3,055
9,978
2,011
3,803
10,522
5,911

25
37
00
37
00
50
00
00
25
50
24
25
25
50
37

11,000
400
7,500
10,000
1,000
3,400
600
2,100
2,500
10,000

15,290
484
6,084
8,275
1,062
3,060
810
2,184
3,975
10,712

00
00
38
00
50
00
00
00
00
50

15,010
501
8,134
10,814
1,197
4,390
847
2,131
8,854
12,172

00
00
62
75
50
12
50
50
50
50

430

REPORT

OF

THE

[P u b . D o c

North End. Savings Bank — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks— Concluded.

Par Value.

2
25
37
46
25
18
100
26
50
91

Old Boston N’l Bank, Boston,
Second N’l Bank, Boston,
Shawrnut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,
Massachusetts Loan & Trust
Company, Boston,
10 State Street Safe Deposit and
Trust Company, Boston,

$200
2,500
3,700
4,600
2,500
1,800
10,000
2,600
5,000

Estimated
Market Value.

$218
4,456
4,051
4,163
2,825
1,894
9,100
2,314
5,300

50
25
50
00
00
50
00
00
00

Amount Invested.

$243
4,005
4,517
5,805
2,928
2,137
10,121
3,360
5,767

62
50
50
00
00
25
99
25
42

9,100

10,533 25

10,420 00

1,000

1,025 00

1,000 00

$160,700

$169,702 76 $186,001 37

Detailed Statement o f Railroad Bonds.

Par Value.

$12,000
25.000
21.000
20,000
30.000
25.000

Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Penobscot Shore Line R.R. 4s,
Upper Coos R.R. 4s,
. . .

Estimated
Market Value.

$12,540
25.250
21,210
22,000
30,300
25.250

00
00
00
00
00
00

Amount Invested.

$12,000
24,156
21,000
20,000
30,000
24,750

00
25
00
00
00
00

$133,000 $136,550 00 $131,906 25

Total Amount o f Loans, with Each Specified Bate o f Interest.

Amount.

$1,000
76,200
13.000
19.000

Bate.

00
00
00
00

2 per cent.
2*
“
4
“
H


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

“

Bate.

Amount.

$332,100
57,000
757,690
54,549

00
00
00
96

\\

4Î

5
5è

per cent.
“
“
“

Amount.

$85,855 00
1,025 00

Bate.

6 per cent.
7

N o . 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

431

North End Savings Bank — Concluded.
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, 1895,
Number of loans which are of an amount not exceeding $3,000 each, . 239
Aggregate amount of the s a m e , ................................................. .........

$8,233 39
11,250 00
296 92
399,569 96

Total number o f loans upon real e s t a t e , ................................................. 327
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1895.............................................................................................
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 5 2 per cent., $29,101 25 ?
during the year ending Oct. 31, 1895,
.
. ( 2 per cent., 30,847 89 )
Number of accounts opened during the year ending Oct. 31, 1895,
1,060
Number of accounts closed during the year ending Oct. 31, 1895,
. 667
.
.
.
.
5,067
Total number o f open accounts Oct. 31, 1895,
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive o f taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 , ...................................................................................................

79,358 19

59,949 14

7,776 27
604,733 30

Number of s a m e , .................................................................................................. 6,552
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number of s a m e , .................................................................................................. 4,889
Date o f examination by commissioner: January 8.


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

436,812 59

REPORT

432

OF

[P u b . D o c .

THE

N O R T H 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.

Present number of corporators, 23.

B e n j . H . H a r t w e l l , P r e s id e n t.
D a n ie l W . F l e t c h e r ,

S arah T . T u te n ,
C le r k

T reasu rer.

o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :

B e n j . H . H a r tw el l ,
L . J. S pa u ld in g ,
E d w in L . W h it e ,
O l iv e r K . P ie r c e ,
P eter T a r bell.

Open for business every business day, 9 to 11 a .m . ; 12.30 to 3 p .m .

B a l a n c e S h e e t O c t o b e r 31, 1895.

L ia b il it ie s .

A sset s.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank sto c k ,.
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,
Taxes and improvements on real
estate,
.......................................
Premium account,
Local tax (taxes paid),
Cash on hand.....................................

$10,000
19,373
5,197
64,000
264,900
74,850

00
75
00
00
92
00

1,400
5,000
341
531

00
00
33
35

727
5,500
3
283

77
00
01
39

$452,108 52

Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,
Uncompleted loan, .

$435,701
6,050
3,394
6,837
125

45
00
94
13
00

$452,108 52

Cash on Deposit in B a n k : —
First National Bank, A yer.................................

$5,341 33

Loans on Bank Stock, amount on each: —
On
On
On
On

............................................................ $4,000
60 shares First National Bank, Ayer, .
...........................................
222
3 shares First National Bank, Ayer,
.................................................
600
11 shares First National Bank, Ayer,
.
.
.
.
375
11 shares Newbury National Bank, W ells River, V t ., .


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

00

00
00
00

N o . 8 .]

S A V IN G S

BANK

C O M M IS S IO N E R S

433

North Middlesex Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Marlborough, Mass., 4s,
Town of Wakefield, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$5,000
5,000

$5,412 50
5,262 50

$5,000 00
5,000 00

$10,000

$10,675 00

$10,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

40 First National Bank, Ayer,
6 Blackstone N’I Bank, Boston,
10 Commercial N’1 Bank, Boston,
15 Continental N’1 Bank, Boston,
10 Eliot Nat’l Bank, Boston,
15 Howard Nat’l Bank, Boston,
7 N’1 B’k of No. America, Boston,
20 N’1Ilide & Leather B’k, Boston,
5 People’s Nat’l Bank, Boston,
10 State National Bank, Boston, .
20 Prescott Nat’l Bank, Lowell, .

$4,000
600
1,000
1,500
1,000
1,500
700
2,000
500
1,000
2,000
$15,800

Estimated
Market Value.

$4,400
600
830
1,610
1,330
1,470
749
2,100
750
1,120
2,960

00
00
00
00
00
00
00
00
00
00
00

$17,919 00

Amount Invested

$4,247
674
970
1,911
1,355
1,680
883
2,540
840
1,262
3,010

25
00
00
25
00
00
75
00
00
50
00

$19,373 75

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4is,
Concord & Montreal R.R 4s, .
Fitchburg R.R 4s, .
.
.
.
Fitchburg R R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
.
.
.
Fitchburg R.R 6s, .
Maine Central R.R. 7s,


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

$5,000
15,000
8,000
1,000
8,000
20,000
2,000
5,000
$64,000

Estimated
Market Value.

$5,300
17,512
8,420
1,015
8,537
21,510
2,100
6,875

00
50
00
00
50
00
00
00

$71,270 00

Amount Invested.

$5,000
15,000
8,000
1,000
8,000
20,000
2,000
5,000

00
00
00
00
00
00
00
00

$64,000 00

434

REPORT

OF

[P u b . D o c .

THE

North M iddlesex Savings Bank— Concluded.
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.

$5,000 00
14,600 00

Kate.
2
4h

per cent.
“

Amount.

Kate.

Amount.

$167,923 52
37,425 00

5 per cent.
5i
“

$126,299 40
100 00

Number o f loans which are of an amount not exceeding $3,000 each,

Rate.
6 per

cent.

7

194

Aggregate amount of the s a m e , .............................................................................. $209,297 92
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
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................
20,199 18
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 f 2 per cent., $6,581 97 )
^g ggg
during the year ending Oct. 31, 1895,
.
. ( 2 per cent.,
7,353 31 i
Number of accounts opened during the year ending Oct. 31, 1895,
445
Number o f accounts closed during the year ending Oct. 31, 1895,
216
Total number of open accounts Oct. 31, 1895,
.
.
.
.
1,973
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
...................................................................................................
1,175 57
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1895.......................................................................................................
152,996 28
Number of s a m e , ........................................................................................ 1,896
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1895...............................................................................................................................
Number o f s a m e , ........................................................................................ 1,345
Date of examination by commissioner: January 22.


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

87,265 66

N o . 8 .]

S A V IN G S

BANK

C O M M IS S IO N E R S .

435

O R AN G E S A V IN G S B A N K — O R AN G E.

Incorporated March 30, 1871.

J ohn W . W h e e l e ii , P r e s id e n t .
W a r ren M . K in g ,

Present number of corporators, 24.

W a r r e n M . K in o ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
F . L . W a te r s ,
C. A . T ow ne ,

A. W . B allou ,
W . M. K in g .

Open for business every business day, 9 a . m , to 4 p . m .

B alan c e Sh eet O ctober

A sset s.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank sto c k ,.
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.....................................

31, 1895.

L ia b il it ie s .

$63,300
37,600
2,575
60,000
593,683
70,550

00
00
00
00
50
00

54,200
10,000
459
516

00
00
02
08

$892,883 60

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$839,532 70
24,600 00
870 09
27,880 81

$892,883 60

Cash on Deposit in Banks, amount in each: —
People’s National Bank, Brattleboro’, V

t . , ................................................. $5,000 00
Orange National Bank, O r a n g e ,...............................................................................
5,000 00


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

REPORT

436

OF

[P u b . D o c

THE

Orange Savings Bank —

C on tin u ed .

Loans on Bank Stock, amount on each : —
On 30 shares Home National Bank, H o l y o k e , ................................................. $2,500 00
On 3 shares Orange National Bank, O r a n g e , .................................................

75 00

Detailed Statement o f Public Funds.
Par Value.

City of Bay City, Mich., 5s,
of Gardiner, Me., 4s,
of Manchester, N. H., 4s,
of Meriden, Conn., 4s,
of Rockford, 111., 4Js,
Town of Leominster, Mass., 4s,
of Orange, Mass., 4s,

Estimated
Market Value.

$10,000
6,000
15,000
5,000
5,000
7,300
15,000

$10,100
6,060
15,600
5,200
5,300
7,446
15,100

00
00
00
00
00
00
00

$63,800

$64,806 00

Amount Invested.

$10,000
6,000
15,000
5,000
5,000
7,300
15,000

00
00
00
00
00
00
00

$63,300 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

6
15
5
3
65
4
20
20
11
5
16
10
30
10
33
100
10
10
3

Par Value.

Miller’s River N’l B’k, Athol, .
Atlas National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
First Ward Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
North Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,
Franklin Co. N’l B’k,Greenfield,
Orange Nat’l Bank, Orange, .
First Nat’l Bank, Springfield,
Third Nat’l Bank, Springfield,
Union Market National Bank,
Watertown, .


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

$600
1,500
500
300
6,500
400
2,000
2,000
1,100
500
1,600
1,000
3,000
1,000
3,300
10,000
1,0001,000

Estimated
Market Value.

$1,080
1,845
655
390
8,645
320
2,600
2,000
1,177
530
1,664
1,050
2,670
1,060
3,442
15,000
1,050
2,000

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

Amount Invested.

$600
1,500
500
300
6,500
400
2,000
2,000
1,100
500
1,600
1,000
3,000
1,000
3,300
10,000
1,000
1,000

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

300

375 00

300 00

$37,600

$47,553 00

$37,600 00

N o . 8 .]

S A V IN G S

BANK

437

C O M M IS S IO N E D

Orange Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4is,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .

Estimated
Market Value.

$10,000
10,000
10,000
9,000
21,000

$10,500
10,300
11,550
9,000
21,890

00
00
00
00
00

$60,000

$63,240 00

Amount Invested.

$10,000
10,000
10,000
9,000
21,000

00
00
00
00
00

$60,000 00

Total Amount o f Loans, with Each Specified Rate of Interest.
Rate.

Amount.
$5,000 00
5,000 00
68,200 00

2 per cent.
3
“

4

Amount.
$26,000 00
582,226 50

Rate.
4^ per cent.
5

Amount.
$26,775 00
17,807 00

Rate.
5J per cent.
6

“

Number of loans which are of an amount not exceeding $3,000 each ,. 258
$254,158 50
Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ................................................. 293
Gross amount of interest or profits received or earned, as per books, during
41,496 42
year ending Oct. 31,1895..............................................................................................
Times for the dividends fixed by the b y-la w s: February 1 and August 1.
Rate and amount of each semi-annual dividend f 2 per cent., $15,501 98 j
31,421 14
during the year ending Oct. 31, 1895,
.
. i 2 per cent.,
15,919 16 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 535
Number of accounts closed during the year ending Oct. 31, 1895,
. 401
Total number of open accounts Oct. 31, 1895,
.
.
.
.
3,379
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
2,579 07
clusive of t a x e s ) , ..................................................................................................
Amount of deposits, not including dividends, received during the year
161,200 20
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of same..............................................................................................2,653
Amount of withdrawals, including dividends, during the year ending Oct.
161,051 95
31, 1895...............................................................................................................................
Number of same..............................................................................................2,203
Date of examination by commissioner: February 18.


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

REPORT

438

OF

[P u b . D o c .

THE

P A L M E R S A V IN G S B A N K — P A L M E R .

Incorporated March 4, 1870.

H . G. L oomis ,

Present number of corporators, 54.

H . W . M cG r eg o r y ,

P r e s id e n t .

W il l ia m W . L ea c h ,

T rea su rer.

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its fu n d s:

J ames B . S h a w ,
G eorge M ooers ,
H en r y G. L oomis ,
E . G. H a stings ,
C. H . H obbs .

Open for business every business day, 9

Balance

Sh ee t O ctober

a

.m .

p .m

.

31, 1895.

L ia b il it ie s .

A sset s.

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
(notes), .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.

to 3

8124,000
39.500
1,286
100,000

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

81,033,505 60
40,000 00
5,290 57
8,935 47

15,000 00
569,725 71
162,535 22
30.500
680
40,586
833
3,084

00
00
48
99
24

81,087,731 64

$1,087,731 64

Cash on Deposit in Banks, amount in each : —
Palmer National Bank, P a l m e r , .................................................
City National Bank, Springfield......................................................
Springfield Safe Deposit and Trust Company, Springfield, .


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

812,596 13
10,506 55
17,483 80

N o . 8 .]

S A Y IN G S

BANK

439

C O M M IS S IO N E R S

Palmer Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
On 1 share Palmer National Bank, P a lm e r,.......................................

$86 00

On 3 shares Palmer National Bank, Palmer,
.
On 5 shares Palmer National Bank, Palmer,
.
On 5 shares Chapin National Bank, Springfield, .

300 00
500 00
400 00

.
.

.
.
.

.
.
.

.

Detailed Statement o f Public Funds.
Par Value.

City of Altoona, Pa., 4s, .
of Cambridge, Mass., 4s,
of Canton, Ohio, 5s,.
of Kansas City, Mo., 4ès,
of Lowell, Mass., 4s,
of Malden, Mass ,4s,
of Providence, R. I., 4s, .
of Waterbury, Conn., 4s,.
of Worcester, Mass., 4s, .
Town of Monson, Mass., 4s, .
County of Aroostook, Me., 4ès,

$5,000
10,000
3,000
30,000
11,000
10,000
15,000
10,000
15,000
10,000
5,000

Estimated
Market Value.

$5,100
10,750
3,045
33,300
12,100
10,400
16,950
10,500
16,500
10,467
5,250

00
00
00
00
00
00
00
00
00
50
00

Amount Invested.

$5,000
10,000
3,000
30,000
11,000
10,000
15,000
10,000
15,000
10,000
5,000

00
00
00
00
00
00
00
00
00
00
00*

$124,000 $134,362 50 $124,000 00
* A legal investm ent when m ade.

Detailed Statement o f Bank Stocks.
o. o
>
Sh
o «
«¿5 55

50
23
10
25
20
10
33
116
51
50
7

Par Value.

Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of No. Amei’ica, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Brockton N’l Bank, Brockton,
Monson Nat’l Bank, Monson, .
Palmer Nat’l Bank, Palmer, .
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
Ware National Bank, Ware, .


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

$5,000
2,300
1,000
2,500
2,000
1,000
3,300
11,600
5,100
5,000
700
$39,500

Estimated
Market Value.

$6,650
2,553
1,067
2,800
2,095
1,150
4,620
16,820
5,100
6,000
735

00
00
50
00
00
00
00
00
00
00
00

$49,590 50

Amount Invested,

$5,000
2,300
1,000
2,500
2,000
1,000
3,300
11,600
5,100
5,000
700

00
00
00
00
00
00
00
00
00
00
00

$39,500 00

440

REPORT

OF

THE

Palmer Savings Bank —

fP u b . D o c .

Concluded.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s, .
Concord & Montreal R.R. 4s, .
Eastern R R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4is, .
.
.
.
Fitchburg R.R. 5s, .
Portland & Rumforcl Falls R.R. 5s,
Upper Coos R.R. 4£s,

$20,000
15.000
10.000
10,000
10,000
10,000
10,000
10,000
5,000
$100,000

Estimated
Market Value.

$20,350
17,325
10,400
12,000
10,025
10,750
11,000
10,500
5,400

Amount Invested.

00
00
00
00
00
00
00
00
00

$20,000
15.000
10.000
10,000
10,000
10,000
10,000
10,000
5,000

00
00
00
00
00
00
00
00
00

$107,750 00 $100,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$12,596 13
10,506 55
17,483 80

Rate.

2 per cent.
3
“
4
“

Amount.

$30,500 00
470,252 22
61,786 00

Rate.

Amount.

Rate.

4J per cent.
5
5A
“

$201,988 71
200 00

6 per cent.
6h
“

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 , ........................................................................................

$15,000 00
15,000 00
10,300 00

Number of loans which are of an amount not exceeding $3,000 each,. 360
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 328

374,028 22

Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-law s: January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $18,780 48 )
during the year ending Oct. 31, 1895,
.
. I 2J per cent., 20,551 65 J
Number of accounts opened duringthe year ending Oct. 31, 1895,
. 525
Number of accounts closed during the year ending Oct.31,1895,
. 410
Total number of open accounts Oct. 31, 1895.......................................
2,977
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................
Number of s a m e , ............................................................................... 2,276
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 5 , ............................................................................................................
Number of s a m e , ................................................................................1,673
Date of examination by commissioner: June 20.


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

51,958 70

39,332 13

2,695 34
216,998 81

196,341 59

N o . 8 .]

S A Y IN G S

BANK

441

C O M M IS S IO N E R S .

P E N T U C K E T S A V IN G S B A N K — H A V E R H IL L .

Incorporated March 17,1891.

Present number of corporators, 19.

G e o r g e H . C a r l e t o n , P r e s id e n t.

Ch as.

S. T i t c o m b , T>•e a su r e r .

C h a s . S . T i t c o m b , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
Geo. H . Carleton,

J. W . V

Jo h n A . G a l e ,

Ol iv e r T
C. H . H

it t u m

,

avlor,

aves.

Open for business every business day, except Saturdays, 9 a .m . to 1*2.30
p . m . ; Saturdays, 9 a .m . to 12.30 p . m .

B a la n 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 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,
Premium account,

p .m .

; 2 to 3.30

31, 1895.

L ia b ilit ie s .

$19,100
3,000
11,200
15,925
125,785
56,000

00
00
00
00
00
00

10,000
4,227
6,091
221
941

00
00
53
75
33

$252,491 61

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$249,627 90
1,357 00
1,277 36
229 35

$252,491 61

Cash on Deposit in Banks, amount in each: —
Beacon Trust Company, B o s to n ,..............................................................................$4,227 00
Second National Bank, Haverhill..............................................................................
6,091 53

Loans on Bank Stock, amount on each: —
On
On
On
On

20
10
35
50

shares
shares
shares
shares

Amesbury National Bank, Amesbury.................................................... $1,700
Second National Bank, H averhill,............................................
1,000
Second National Bank, H averhill,............................................
3,500
Second National Bank, H averhill,............................................
5,000


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

00
00
00
00

442

REPORT

OF

THE

[P u b . D o c

Pentucket Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Brockton, Mass., 4s,
of Dubuque, Iowa, 6s,
of Grand Rapids, Mich , 4<£s, .
of Indianapolis, Ind., 6s, .
of Meriden, Conn., 4s,
of New Britain, Conn., 4s,
of Oshkosh, Wis., 4£s,
of Sioux City, Iowa, 6s, .
of Taunton, Mass., 4s,

$1,600
1,000
2,000
1,000
3.000
5.000
4.000
500
1.000
$19,100

Estimated
Market Value.

$1,664
1,015
2,210
1,020
3,060
5,250
4,150
510
1,045

00
00
00
00
00
00
00
00
00

$19,924 00

Amount Invested

$1,600
1,000
2,000
1,000
3.000
5.000
4.000
500
1.000

00
00
00
00
00
00
00
00
00

$19,100 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
10
10

Par Value.

Everett National Bank, Boston,
State Nat’l Bank, Boston,
First National Bank, Chelsea,

Estimated
Market Value.

Amount Invested,

$1,000
1,000
1,000

$800 00
1,120 00
•1,060 00

$1,000 00
1,000 00
1,000 00

$3,000

$2,980 00

$3,000 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s,.
Boston & Maine R.R. 4£s,
Fitchburg R.R. 5s, .
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,


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

$1,000
2,000
4.000
2.000
3.000
4.000
$16,000

Estimated
Market Value.

$1,050
2,090
4,600
2,060
3,000
4,160

00
00
00
00
00
00

$16,960 00

¡Amount Invested.

$1,000
2,000
4.000
2.000
2,925
4,000

00
00
00
00
00
00

$15,925 00

N o. 8 .]

S A Y IN G S

BANK

443

C O M M IS S IO N E R S .

Pentucket Savings Bank —

C oncluded.

Total Amount of Loans, with Each Specified Rate o f Interest.

Amount.

$4,227 00
38,000 00

K a te.

2k

per cent.

4

K ate.

A m ou n t.

$23,000 00
110,930 00

4£ per cent.
5

“

Amount.

$10,100 00
20,955 00

R ate.

5k
6

per cent.
“

Number of loans which are of an amount not exceeding $3,000 each, 102
Aggregate amount of the s a m e , .............................................................................. $140,510 00
Total number of loans upon real e s t a t e , ................................................. 74
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................
10,388 60
Times for the dividends fixed by the by-laws : first Wednesday in February
and August.
Rate and amount of each semi-annual dividend f 2 per cent.,
$3,408 59 1
during the year ending Oct. 31, 189 5 ,.
.
1 2 per cent., 4,152 74 i
Number of accounts opened during the year ending Oct. 31, 1895,
. 300
Number o f accounts closed during the year ending Oct. 31, 1895,
. 161
Total number of open accounts Oct. 31, 1895................................................. 720
Total expenses of the corporation for the year ending Oct. 31, 1895 (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 5 , ..................................................................................................
Number of same...................................................................................................980
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , .............................................................................................616
Date of examination by commissioner: February 26.


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

j

gg

668 99
111,548 56

47,467 42

REPORT

444

OF

THE

[P u b . D o c

P E O P LE ’S S A V IN G S B A N K — BROCKTON.

Incorporated Feb. 8, 1895.
W

m

.

L . D o u g l a s , P r e s id e n t .
J o h n S. K

Present number o f corporators, 44.
A . T. Jo n e s , T reasu rer.

ent,

C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
W
E

m

. L. D

mery

o ug las,

M . Lo

w

F

,
red

P. R

F

r a n c is

E

dward

ic h m o n d

B. Gardner,
B. M

ellen

Open for business every business day, 9

B a l a n c e Sh e e t O cto ber

a .m

.

to 2

p .m

.

31, 1895.

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,
Loans on real estate, .
Deposits in banks, on interest, .
Expense account,
P re m iu m s,.......................................
I n t e r e s t , .......................................
O u tfit,.................................................
Cash on hand,
.
.
.
.

,

.

L ia b ilit ies .

$4,000
500
100
7,500
600
19,433
5,828
75
946
15
100
1,147

00
00
00
00
00
33
29
00
25
39
19
63

Deposits,

$40,246 08

$40,246 08

$40,246 08

Cash on Deposit in Banks, amount in each : —
Brockton National Bank, B r o c k t o n ,..................................................................... $2,000 00
Home National Bank, Brockton,..............................................................................
1,828 29
Plymouth County Safe Deposit and Trust Company, Brockton,
.
.
2,000 00
Loan on Bank Stock : —
On 6 shares Merchants’ National Bank, B o s t o n , .......................................

$100 00

Loan on Railroad Stock : —
On 6 shares New York, New Haven & Hartford R .R .,


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

.

.

.

.

$600 00

N o . 8 .]

S A V IN G S

BANK

445

C O M M IS S IO N E R S .

People’s Savings Bank, Brockton — Continued.
Detailed Statement o f Public Funds.
Estimated

City of Canton, Ohio, 5 s ,.
Town of Stoughton, Mass., 4s,

Amount Invested.

Par Value.

Market Value.

$2,000
2,000

$2,045 00
2,080 00

$2,000 00
2,000 00

$4,000

$4,125 00

$4,000 00

Detailed Statement o f Bank Stocks.
<♦-.

m
O O)

O

Par Value.

£

5

Massachusetts Loan and Trust
Company, Boston,

$500

Estimated
Market Value.

$580 00

Amount Invested.

$500 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Fitchburg R.R. 5s, .
Maine Central R.R. 5s,

Estimated
Market Value.

$2,000
1,000
2,000
2,500

$2,080
1,070
2,145
2,812

00
00
00
50

$7,500

$8,107 50

Amount Invested.

$2,000
1,000
2,000
2,500

00
00
00
00

$7,500 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Kate.

Amount.

$3,828 29
2,000 00

2 per cent.
3


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

Amount.

$600 00
12,500 00

Kate.

5 per cent.
“

/

Amount.

$7,033 33

Rate.

6 per cent.

446

REPORT

OF

THE

[P u b . D o c .

People’s Savings Bank, Brockton — Concluded.
Number of loans which are of an amount not exceeding $3,000 each,
10
Aggregate amount of the s a m e , ...............................................................................$12,133 33
Total number of loans upon real e s t a t e , ................................................. 9
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1895......................................................................................
130
Times for the dividends fixed by the by-laws : March 1 and September 1.
Number of accounts opened during the year ending Oct. 31, 1895,
. 386
Number o f accounts closed during the year ending Oct. 31, 1895,
.
16
Total number of open accounts Oct. 31, 1 8 9 5 , ....................................... 370
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
..................................................................................................
75
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 5 ,............................................................................................................
44,410
Number of s a m e , ................................................................................................567
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , ......................................................................................................................
4,164
Number of s a m e , ................................................................................................ 59
Date of examination by commissioners: November 4.


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

67

00
08

00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

4 47

PE O P LE ’S S A V IN G S B A N K — H O L Y O K E .

Incorporated March 19, 1885.
W

il l ia m

Present number of corporators, 48.

S k i n n e r , P r e s id e n t .

F . H . Ch

a m b e r l in

, T rea su rer.

A . L . G r e e n , C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds :
W

il l ia m

E.

Sk in n e r ,

John T

P. C l a r k ,

J.
J.

N. H

ubbard

il l e y

,

A . Su l l iv a n ,

.

Open for business every business day, except Saturday, 9 a . m . to 4
9 a . m . to 12 m . ; also Thursday, 7 to 8 p . m .

p .m

.

; Saturday,

B a l a n c e S h eet O ctober 31, 1895.

L ia b ilit ies .

A ssets .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock ,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand,
.
.
.
.

$17,000
5,000
11,365
350,249
119,728
21,258
900
831

00
00
00
00
50
76
00
44

Deposits, .
Guaranty fund,
Interest account,

$526,332 70

Cash on Deposit in Bank : —

$507,204 13
13,191 50
5,937 07

$526,332 70

-

Home National Bank, Holyoke,

$21,258 76

Loans on Bank Stock, amount on each : —
On
On
On
On
On

20 shares Quinsigamond National Bank, Worcester, .
10 shares First National Bank, Springfield, .
3 shares Agawam National Bank, Springfield,
5 shares Holyoke National Bank, Holyoke, .
77 shares Franklin County National Bank, Greenfield,

On 24 shares Franklin County National Bank, Greenfield,
On 10 shares Home National Bank, Holyoke,
.
On 5 shares Home National Bank, Holyoke,


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

$515 00
300 00
500 00
6,800
2,000
900
350

00
00
00
00

448

REPORT

OF

THE

[P u b . D o c .

People’s Savings Bank, Holyoke — Concluded.
Detailed Statement o f Public Funds.

Par Value.

United States 4s,

.

.

.

$17,000

Estimated
Market Value.

Amount Invested.

$19,040 00

$17,000 00

No. of
Shares.;

Detailed Statement o f Bank Slocks.

50

Par Value.

Home Nat’l Bank, Holyoke, .

$5,000

Estimated
Market Value.

Amount Invested.

$5,750 00

$5,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$21,258 76
415,877 50

Rate.

4 per cent.
5

Amount.

$59,015 00

Rate.

5J per cent.

Amount.

$6,450 00

Rate.

6 per cent.

Number of loans which are o f an amount not exceeding $3,000 each, 118
Aggregate amount of the s a m e , ...............................................................................
Total number of loans upon real e s t a t e , ................................................. 119
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 5 , ..............................................................................

$187,219 00

21,908 60

Times for the dividends fixed by the b y -la w s: M ay 1 and November 1.
Rate and amount of each semi-annual dividend f 2 per cent.,
$7,723 00 )
during the year ending Oct. 31, 1895,
.
. 1 2 per cent., 8,424 31 J
Number of accounts opened during the year ending Oct. 31, 1895,
489
Number of accounts closed during the year ending Oct. 31, 1895,
238
Total number of open accounts Oct. 31, 1895.......................................
1,547

16,147 31

Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
clusive of taxes),
....................................... • ....................................................

2,162 43

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 5 , ..................................................................................................

176,131 14

Number o f s a m e , .................................................................................................. 2,585
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 5 , .....................................................................................................................
Number of same.........................................................................................................1,419
Date of examination by commissioner: June 13.


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

108,020 52

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

.

449

P E O P LE’S S A V IN G S B A N K — W O R C E ST E R .
Incorporated M ay 13, 1864.
Sa m u e l It. H

eyw ood

F

Present number o f corporators, 189.

C h a r l e s M . B e n t , T rea su rer.
J. B a r n a r d , C le r k o f th e C o r p o r a tio n .

, P r e s id e n t .

r e d e r ic k

Names of committee charged with the investment o f its funds:
Sam uel

It. H e y w o o d ,

Ca l v in F

T

M. R

Sa m u e l D . N

W

hom as
arren

W

o gers,

il l ia m s ,

A

lexander

Open for business every business day, 9

B

alance

E
D

a m

.

ye

,

arble,

it t .

to 4

p .m

.

; also Saturdays, 6 to 8

p .m

.

S h e e t O c t o b e r 31, 1895.

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 purposes)...............................................
Real estate by foreclosure, .
Loans on real estate, .
Loans on personal security,
Loans to counties, citiei or towns
( n o t e s ) , .......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

T. M

d w in

W

e

o ster,

L ia b ilit ie s .

$754,071
875,401
49,531
955,994
28,700

60
00
00
00
00

87,500
31,551
3,477,904
929,445

00
77
48
50

21,820
500
199,119
5,000
4,815
6,085

00
00
86
00
16
96

$7,427,440 33

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account,
Rents,
Suspense, .
Rents of real estate
by foreclosure,

$7,080,407 29
250,000 00
87,255 00
7,432 67
891 72
1,368 00
85 65

$7,427,440 33

Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, Boston,
Central National Bank, Worcester,
Citizens’ National Bank, Worcester, .

$82,682 64
77,708 12
43,729 10

Loans on Bank Stock, amount on each : —
On 270 shares First National Bank, Worcester, .
On 21 shares Boston National Bank, Boston,
On 34 shares Haverhill National Bank, Haverhill,
On 13 shares First National Bank, Worcester, .
On 4 shares City National Bank, Worcester,


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

$27,000 00
5,000 00
1,700 00

REPORT

450

OF

[P u b . D o c

THE

People’ s Savings Bank, " W o r c e s t e r — Continued.
On 10 shares Shawraut National Bank, B o sto n ,................................................. ...
On 6 shares Old Boston National Bank, B o s t o n , ....................................... >■

$1,300 00

On
On
On
On
On
On
On

10,000
2,000
585
1,100
500
346

6 shares Revere National Bank, B o s t o n , ................................................. J
150 shares Hancock National Bank, B o s t o n , .......................................
20 shares Central National Bank, Boston........................................................
6 shares Crocker National Bank, Turner’ s F a l l s ,........................................
11 shares Hadley Falls National Bank, Holyoke,
.
.
.
.
5 shares Chicopee National Bank, S p r i n g f i e l d ,.......................................
4 Shares First National Bank, Northampton..................................................

00
00
00
00
00
00

Loans on Railroad Stock, amount on each : —
On 250 shares Boston & Maine R . R . , .....................................................................$25,000 00
On 2 shares Boston & Lowell R . R . , .......................................................................
On 19 shares Boston & Maine R .R ............................................................................j
On 10 shares Boston & Maine R . R . , .....................................................................

,0
1,200 00

Detailed Statement o f Public Funds.

Par Value.

Estimated
Market Value.

Amount Invested.

$110,000 00 $113,225 00 $110,700 00
City of Boston, Mass., 4s, .
6,095 00
6,000 00
6,000 00
of Cleveland, Ohio, 6s,
36,312 50
35,000 00*
35,000 00
of Columbus, Ohio, 4s,
20,125 00*
20,725 00
19,000 00
of Dayton, Ohio, 6s,
25,000 00
25,000 00
26,062 50
of Holyoke, Mass., 4s, .
10,550 00
10,000 00
10,000 00
of Keene, N. H ., 4s,
27,495 00
26,400 00
26,000 00
of Lynn, Mass., 4s,
25,000 00
25,000 00
26,187 50
of Malden, Mass , 4s, .
71,000 00
74,232 50
71,000 00
of Milwaukee, Wis., 4s,
10,000 00
10,000 00
10,450 00
of Nashua, X . IT., 4s, .
25,812 50
25,000 00
25,000 00
of New Bedford, Mass., 4s, .
19,000 00
21,750 00
21,144 00
of Norwich, Conn., 5s, .
12,306 00
12,000 00
12,000 00
of Peoria, 111., 4s, .
9,000 00
9,607 50
9,450 00
of Providence, R. I., 5s,
25,762 50
25,000 00
25,000 00
of Quincy, Mass., 4s, .
5,000 00
5,262 50
5,000 00
of Scranton, Pa , 5s,
6,120 00
6,000 00
6 000 00
of Scranton, Pa., 6s,
6,370 00
6,000 00
6,156 00
of Springfield, Ohio, 5s,
5,269 73
5,166 40
5,166 60
of Springfield, Ohio, 6s,
7,000 00
7,595 00
7,000 00
of Taunton, Mass., 4s, .
13,780 00
13,000 00
13,000 00
of Waltham, Mass., 4s,
200,000 00 210,750 00 202,930 00
of Worcester, Mass., 4s,
2,000 00
2,295 00
of Worcester, Mass., 5s,
2,000 00
13,000 00
14,007 50
13,000 00
Town of Attleborough, Mass., 4s,
10,000 00
10,575 00
10,000 00
of Beverly, Mass., 4s,
of Dalton (Fire District),
21,050 00
20,000 00
20,000 00
Mass., 4s,
. . .
31,050 00
30,000 00
30,000 00
of Holbrook, Mass., 4s,
2,000 00
2,000 00
2,270 00
of Westborough, Mass., 5s,


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

$746,166 40 $782,962 23 $754,071 60
*

Legal investments when made.

N o . 8 .]

S A Y IN G S

BANK

451

C O M M IS S IO N E R S

People’ s Savings Bank, W orcester — Continued.
I No. of 11
Shares. E

Detailed Statement o f Bank Stocks.

128
115
106
125
54
201
50
216
44
83
238
217
151
149
237
25
196
109
115
141
149
454
239
130
185
311
78
96
50
65
100
205
56
59
301
68

200
198
172
213
111
260
182
300
524

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank. Boston, .
Blaokstone Nat'l Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat'l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Mechanics’ N’l Bank, Boston,.
Merchants’ N’l Bank, Boston, .
N’l B'k of Commerce, Boston,
National Bank of the 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 City Bank, 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,.
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l B’k, Boston, .
Central N’l Bank, Worcester,
Citizens’ N’l Bank, Worcester,
City Nat’l Bank, Worcester, .
Mechanics’ N’l B’k, Worcester,
Quinsigamond National Bank,
Worcester, .
.
.
.
Worcester N’l B’k, Worcester,


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

Estimated
Market Value.

Amount Invested,

$12,800
11,500
10,600
12,500
5,400
20,100
5,000
21,600
4,400
3,300
23,800
21,700
15,100
14,900
23,700
2,500
19,600
10,900

$16,192
14,173
10,626
12,578
7,155
19,497
4,412
28,080
3,751
4,405
21,479
18,472
16,194
15,011
18,960
2,937
31,409
12,208

00
75
50
13
00
00
50
00
00
50
50
13
75
75
00
50
00
00

$17,006
13,300
10,600
14,366
6,750
21,817
5,812
26,766
4,400
4,410
23,800
21,700
18,129
14,900
23,700
2,900
27,693
12,965

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

11,500
14,100
14,900
45,400
23,900
13,000
18,500
31,100
7,800
9,600
5,000
6,500
10,01 0
20,500
5,600
5,900
30,100
6,800
20,000
19,800
17,200
21,300
11,100
26,000
18,200

15,927
14,946
18,029
69,008
19,359
10,757
23,125
33,043
7,020
12,948
5,200
10,335
10,712
22,396
9,982
6,460
27,240
7,684
21,050
17,622
18,576
35,235
14,430
37,700
16,380

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

15,450
15,840
19,419
64,034
23,900
13,000
23.092
37,432
7,800
13,0.37
5,000
9,586
12,443
23,935
8,600
7,075
30,100
8,050
21,853
19,800
20,068
34,620
13,629
32,500
20,020

00
00
00
00
00
00
00
(»0
00
00
00
00
00
00
00
00
00
00
00
00
0b
00
00
00
00

30,000
52,400

42,000 00
75,980 00

35,984 00
68,120 00

$738,600 $860,691 51 $875,401 00

REPORT

452

OF

[P u b . D oc,

THE

People’ s Savings Bank, W orcester— Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Estimated

Amount Invested

Market Value.

$150,000 $162,750 00 $160,520 00
Boston & Albany R.R. 5s,
Boston, Clinton, Fitchburg & New
22,090 00
23,050 00
20,000
Bedford R.R. 5s, .
4,000 00
4,122 50
4,000
Boston & Lowell R.R. 4s,
25,688 00
25,687 50
25,000
Boston & Lowell R.R. 4^9,
32,111 00
31,387 50
31,000
Boston & Lowell R.R. 6s,
24,750 00
26,250 00
25,000
Boston & Maine R R. 4s, .
19,000 00
19,522 50
19,000
Boston, Revere Beach & Lynn R.R. 6s,
33,000 00
33,787 50
32,500
Cheshire R.R. 6s,
65,778 00
69,255 00
57,000
Eastern R.R. 6s,
. . .
23,500 00
25,000 00
25,000
Fitchburg R.R. 4s, .
25,000 00
25,250 00
25,000
Fitchburg R.R. 4ès, .
.
.
.
45,287 00
45,327 50
43,000
Fitchburg R.R. 5s, .
27,600 00
27,438 75
27,100
Leeds & Farmington R.R. 6s, .
5,000 00
5,182 50
5,000
Lowell & Lawrence R R. 6s, .
23,520 00
24,000 00
24,000
Maine Central R.R. 4s,
35,867 00
36,729 00
32,700
Maine Central R.R 7s, .
Maine Central & European & North
24,725 00
25,000 00
25,000
American R R 4s,
. . .
13,000 00
13,350 00
12,000
N. Y., Providence & Boston R.R. 7s,
1,000 00
1,035 00
1,000
Norwich & Worcester R,R. 6s,
70,000 00
74,812 50
70,000
Old Colony R.R. 4s,
. . .
9,000 00
9,292 50
9,000
Old Colony R.R. 6s,
. . .
5,200 00
5,400 00
5,000
Portland & Ogdensburg R.R. 6s, .
15,000 00
16,200 00
15,000
Portland & Rumford Falls R.R. 5s,
11,200 00
11,495 00
11,000
Providence & Worcester R.R. 6s, .
25,000 00
25,000 00
25,000
Sullivan County R R. 4s,
St. Johnsbury & Lake Champlain
54,900 00
58,000 00
50,000
R.R. 5s,
.
.
.
.
.
53,219 00
53,000 00
50,000
Vermont & Massachusetts R.R. 5s,
11,039 00
11,100 00
10,000
Vermont Valley R.R. 5s,
Worcester, Nashua & Rochester
90,000 00
93,520 00
90,000
R.R. 4 s , ...................................
$918,300 $981,945 25 $955,994 00

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, 1895,
Value, by books, of other real estate held or owned by foreclosure or

$87,500
100,000
69,800
1,895

00
00
00
69

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. 31,1895,
Number of loans which are of an amount not exceeding $3,000 each, 1,142

31,551 77
25,775 00
305 50

Aggregate amount of the s a m e , ..............................................................................
Total number of loans upon real e s t a t e , ....................................... 1,419
Amount of investments from which no income is received, . . . . .

1,513,357 98


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

2,500 00

N o . 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

453

People’s Savings Bank, W orcester — Concluded.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 5 , ........................................................................................ $323,971 81
Times for the dividends fixed by the by-laws : February 15 and August 15.
Rate and amount o f each semi-annual dividend \ 2 per cent., $128,184 84 )
260,658 56
during the year ending Oct. 31, 1895,
.
? 2 per cent.,
132,473 72 >
Number of accounts opened during the year ending Oct. 31, 1895,
. 2,260
Number o f accounts closed during the year ending Oct. 31, 1895,
. 1,529
Total number of open accounts Oct. 31, 1895,
.
.
.
.
15,758
Total expenses of the corporation for the year ending Oct. 31, 1895 (ex­
15,381 93
clusive of ta x e s ),...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 , 1 8 9 5 , ..................................................................................................
Number of same...................................................................................................... 14,686
Amount of withdrawals, including dividends, during the year ending Oct.

1,088,360 62

31, 1895...............................................................................................................................
Number of s a m e , ................................................................................................ 11,783
Date of examination by commissioner : October 10.

919,980 09


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

454

REPORT

OF

THE

[P u b . D oc,

P L Y M O U T H S A V IN G S B A N K — P L Y M O U T H .

Incorporated June 11, 1828.

Present number o f corporators, 29.

"Wil lia m S. D a n fo r th , P r e s id e n t .
J ames D. T h u r b e r ,

J ohn J . R u sse ll ,

T reasu rer.

C le r k o f th e C o rp o ra ticm .

Names of committee charged with the investment of its funds:

C harles S. D a v is ,
C harles B . S to b b a rb ,
W il lia m S. D anfo r th ,
G eorge E . M orton ,
J ames M il l a r .

Open for business every business day, 9 a . m . to 1 p . m . ; 2 to 3

B alan ce 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,
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, .
Cash on hand,
.
.
.
.

p m.

31, 1895.

L ia b ilit ies .

$

221,000 00
420,023 00
10,900 00
400.000 00

100.000 00
37,426
2,835
679,101
575,275

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Suspense,.

$2,373,869 15
116,000 00
47,242 84
13,180 34

212 00

75
27
00
00

82.175 53
10,212 82
5,554 96
$2,549,504 33

$2,549,504 33

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston, .
Old Colony National Bank, Plymouth,
Plymouth National Bank, Plymouth, .

$2,179 11
3,767 61
4,266 10

Loans on Bank Stock, amount on each : —
On 15 shares Old Colony National Bank, P lym ou th,.
On 13 shares Plymouth National Bank, Plymouth, .
On 9 shares Old Colony National Bank, Plymouth, .


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

$800 00
1,300 00
900 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

455

Plymouth Savings Bank — Continued
On
On
On
On
On

3 shares Old Colony National Bank, Plymouth,
13 shares Plymouth National Bank, Plymouth,
8 shares Old Colony National Bank, Plymouth,
5 shares Old Colony National Bank, Plymouth,
80 shares Hancock National Bank, Boston, .

.
.
.
.
.

[I

.

.

.

$1,600 00
800 00
500 00
5,000 00

Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Brockton, Mass., 4s, .
of Canton, Ohio, 5s,.
of Fall River, Mass , 6s, .
of Holyoke Mass , 6s,
of New Bedford. Mass., 7s,
of New London, Conn., 7s,
of Rockford, 111., 4^s,
of Springfield, Ohio, 6s, .
Town of Belmont, Mass., 4£s,.
of Leominster, Mass., 4s,
of West Springfield, Mass ,5s,

$6,000
16,000
7,000
10,000
50,000
10,000
50,000
10,000
6,000
21,000
10,000
25,000
$221,000

Estimated
Market Value.

$7,080
16,320
7.070
10,900
54,000
12,300
56,000
10,600
6,060
21,630
10,200
25,750

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

$237,910 00

Amount Invested.

$6,000
16,000
7,000
10,000
50,000
10,000
50,000
10,000
6,000
21,000
10,000
25,000

00
00
00
CO
00
00
00
00
00
00
00
00

$221,000 00

Par Value.

Estimated
Market Value.

Amount Invested.

[

No. of
Shares.

Detailed Statement o f Bank Stocks.

7
41
234
32
139
70
42
100
28
29
53
54
100
128
85
225
108
200

Abington N’l B’k, Abington, .
Atlantic N’l Bank, Boston,
Atlas National Bank, Boston,
Blackstone N’l Bank, Boston, .
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston, .
First Ward N’l Bank, Boston,.
Freeman’s Nat'l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B’k of Commerce, Boston, .
National Bank of the Commonwealth, Boston,
120 N'l B’k of No. America, Boston,


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

$700
4,100
23,400
3,200
13,900
7,000
4,200
10,000
2,800
2,900
5,300
5,400
10,000
12,800
8,500
22,500
10,800

$840
5,166
28,782
3,200
13,900
9,170
4,074
12,700
2,520
2,465
5,671
5,238
10,000
10,240
7,225
36,000
11,988

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

20,000
12,C00

27,800 00
12,600 00

$687
4,100
23,400
2,112
12,788
7,000
4,200
10,000
2,380
2,494
5,300
5,022
9,000
10,240
7,140
22,500
9,180

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

20,000 00
10,800 00

456

REPORT OF THE

[Pub. Doc

Plymouth Savings Bank — Continued.

No. of i
Shares, j

Detailed Statement o f Bank Stocks — Concluded.

Par Value.

188
84
80
106
120
100
74

N’l B’kof the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Natl Exchange Bank, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
Natl Webster Bank, Boston, .
86
New England N’l B’k, Boston,
9 North National Bank, Boston,
55 Old Boston Natl Bank, Boston,
270 Second National Bank, Boston,
93 ShawmutNatl Bank, Boston, .
130 State National Bank, Boston, .
62 Suffolk Natl Bank, Boston,
195 Tremont Natl Bank, Boston, .
60 Brockton N’l Bank, Brockton,
100 Home Natl Bank, Brockton, .
60 Hingham N’l Bank, Hingham,
55 Railroad Natl Bank, Lowell, .
262 Old Colony N’l B’k, Plymouth,
184 Plymouth N’l Bank, Plymouth,
100 Third Natl Bank, Springfield,
171 Bristol County National Bank,
Taunton,
.
.
.
.

$18,800
8,400
8,000
10,600
12,000
10,000
7,400
8,600
900
5,500
27,000
9,300
13,000
6,200
19,500
6,000
10,000
4,200
5,500
26,200
18,400
10,000
17,100

Estimated
Market Value.

$28,576
6,804
6,560
13,250
11,040
13,400
7,696
13,588
963
5,995
48,060
10,230
14,560
6,448
17,355
6,900
18,000
4,200
7,260
39,300
21,160
20,000

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

22,230 00

Amount Invested.

$18,800
7,000
6,400
10,600
10,800
10,000
6.280
8,600
900
5,000
27,000
9,300
13,000
5,500
15.600
6,000
9,500
4,200
5,500
26,200
18,400
10,000

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

17,100 00

$442,100 1553,154 00 $420,023 00

Detailed Statements o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s,.
Boston & Maine R.R. 4is,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R R. 4£s, .
.
.
.
Old Colony R.R. 4s,.
Old Colony R.R. 6s,.
Portland & Rumford Falls R.R. 5s,
Salem & Lowell R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................
Upper Coos R R. 4£s,
Worcester, Nashua & Roch. R.R. 4s,


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

$50,000
10,000
10,000
30,000
63,000
40,000
13,000
20,000
32,000
25,000

Estimated
Market Value.

$51,000
10,400
11,500
31,500
63,130
40,400
13,910
20,200
32,960
26,250

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$50,000
10,000
10,000
30,000
60,000
40,000
13,000
20,000
32,000
25,000

00
00
00
00
00
00
00
00
00
00

50,000
25,000
40,000

59,500 00
27,250 00
41,600 00

50,000 00
25,000 00
40,000 00

$408,000

$429,600 00

$405,000 00

No. 8.]

457

SAYINGS BANK COMMISSIONERS

Plymouth Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Rate.

Amount.

$10,212
26,175
280,700
40,000

82
53
00
00

2 per cent.
3|
4
“
4*
“

Rate.

Amount.

Rate.

4,J per cent.

$168,766 00
1,575 00
9,400 00

6 per cent.

Amount.

$200,050
72,050
502,085
146,650

00
00
00
00

H

“

5
5A

“
“

Amount invested in real estate for banking p u rp oses,.......................................
Estimated value of the sam e,........................................................................................
Assessed value of the s a m e , ........................................................................................
Net income received from same during year ending Oct. 31, 1895,
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, 1895,
Number of loans which are of an amount not exceeding $3,000 each, 251

H

“

7

$37,426 75
42.100 00
42.100 00
64 05
2,835 27
6,900 00
262 70

278,926 00
Aggregate amount of the s a m e , ..............................................................................
Total number o f loans upon real estate,
.
.
.
.
. 282
57 50
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
122,216 05
year ending Oct. 31, 1 8 9 5 , ........................................................................................
Times for the dividends fixed by the by-laws : Monday preceding the first
Tuesday in January and July.
Rate and amount o f each semi-annual dividend f 2£ per cent., $56,250 25 | 113,544 93
during the year ending Oct. 31, 1895,
.
. 1 2^ per cent., 57,294 68 J
Number of accounts opened during the year ending Oct. 31, 1895,
. 474
Number of accounts closed during the year ending Oct. 31, 1895,
. 413
Total number of open accounts Oct. 31, 1895,
.
.
.
.
6,236
Total expenses o f the corporation for the year ending Oct. 31, 1895 (ex­
clusive of ta x e s ),............................................................................................................
Amount of deposits, not including dividends, received during the year end­

5,911 24

ing Oct. 31, 1 8 9 5 ,...........................................................................................................
2,806
Number of same....................................................... .........
Amount of withdrawals, including dividends, during the year ending Oct.

253,777 93

31, 1 8 9 5 , .....................................................................................................................
Number of s a m e , ........................................................................................ 3,910

294,705 65

D