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. . No. 8.

P U B L IC D O CU M EN T . .

TWENTY-EIFBB ¡MWM i •3

B oard of Commissioners
SAYINGS BANKS.
1900.

P a k t I.
R E L A T IN G

TO

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 Post Office S quare .
1901.


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Federal Reserve Bank of St. Louis

3 3 2,1

Cflmmflitbxeallfo of Ifiassarljusilis.
O f f ic e

B o a r d o f C o m m is s io n e r s o f S a v in g s B a n k s ,
S t a t e H o u se , B oston , Jan. 14, 1901.

of t h e

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

In accordance with the requirements o f the statutes o f this
Commonwealth, the Board o f Commissioners o f Savings Banks
has the honor to present its twenty-fifth annual report, relating
to the
Savings banks and institutions for savings,
Trust companies,
Co-operative banks,
Collateral loan companies and
Mortgage loan and investment companies,

now under the supervision o f the Board.
In compliance with statutory requirements, all the institu­
tions made up their annual returns as o f the thirty-first day of
October last, at which date the whole number o f such institu­
tions was 357, with aggregate assets o f nearly $770,000,000.
B y the provisions o f chapter 126 o f the Acts o f 1890, the
report is made in two parts ; Part I ., herewith submitted, gives
statistics relating to —

3

186 savings banks and institutions for savings,
with assets of .
.
.
. .
. $574,237,239 95
35 trust companies with assets of . .
.
165,838,917 28
4 savings banks in hands of the courts.
1 trust company in hands of receiver.

% UJU
!

Information regarding those institutions which are in the
hands o f receivers is given on pages x to xv ; abstracts from
the annual reports o f the others are appended hereto.


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Federal Reserve Bank of St. Louis

iv

R E P O R T O F TH E

[Pub. D oc.

Part II ., to be submitted later in the session, will include the
reports o f —
126
3
1
1

co-operative banks.
collateral loan companies.
mortgage loan company.
mortgage loan company in hands of receiver.

During the year ending October 31 last, two new institutions
have commenced business, viz. : —
The Commonwealth Savings Bank, at Lynn ; and the
Hampton Co-operative Bank, at Easthampton.

The Security Savings Bank, at W est Boylston, has closed its
business and is now distributing its assets to its depositors.
The Taunton Safe Deposit and Trust Company was organized
near the close o f the calendar year, and, having filed the state­
ments required by statute, was given a certificate from this
Board authorizing it to commence business.
The Manufacturers’ Trust Company, at H olyoke, has discon­
tinued business; this leaves the number o f such companies the
same as last year.
S ayings B anks .

Dividends.
The following table gives the rates o f dividends declared
during the year, as compared with those o f the previous fiscal
year: —

D ividends declared during the Y ear ending O ct . 31.

Banks paying at the rate of l i per cent.,
»»
(t
it
it
g
u
u

cc

u

cc

gi

it

Cl
cc

cc
ic

cc
it

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g^
g8

Cl
cc

^

cc

CC

Cl

cc

cc

cc

cc

cc

cc

Cl

CC

CC

CC

u

cc

1900.

1899.

1
3
3
45
18
114
1

1
3
4
16
15
144
1
1

The Commonwealth Savings Bank, at Lynn, which com­
menced business May 19, 1900, had not declared any dividend
at the date o f its report.


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Federal Reserve Bank of St. Louis

No. 8 .]

y

SA V IN G S B A N K COM M ISSION ERS.

Those banks (71 in number) which declared dividends at
other than the general rate o f 2 per cent, semi-annually, made
their dividends as follows : —
,
1 bank paid
1 “
“
tc
2 tt
it
1 “
a
3 it
it
41 “
1

tt

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3
17
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1 per cent, the first terra, 2 per cent, the second term.
it
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The total amount o f dividends declared was $18,667,327.54,
— an increase o f $500,944.05 over the amount declared for the
year ending Oct. 31, 1899, but no more than might be expected,
taking into account the increase in aggregate deposits.
The average rate for the last fiscal year was 3.81 -f- per cent.,
as compared with 3.89 -f- the preceding year.
A s an indication o f the diminished earning capacity o f the
money on deposit in savings banks, the following statement has
been prepared : —
Banks paying less than 4 per cent, per annum in 1900, 70 ; in 1899, 39
Banks paying 4 per cent, per annum
in 1900, 114; in 1899, 144
Banks paying more than 4 per cent, per annum in 1900, 1; in 1899, 2

Business o f the Banks.
The annexed statement gives details o f the business o f the
banks, as also o f the increase or decrease in the several items,
as compared with the report o f the preceding year : —

Oct. 31, 1900.
Number of open accounts, .
.
. .
Average amount to the credit of each account
Number of deposits........................................
Number of withdrawals,
.
.
.
.
Amount deposited (not including dividends),
Average of deposits........................................
Amount withdrawn (including dividends),
Average of withdrawals,
.
.
.
.
Amount of e x p e n s e s ,..................................
Total earnings..................................................
Total ordinary dividends, .
.
.
.
Number of loans of an amount not exceeding
$3,000 each.
Num ber o f loans upon real estate,* .


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Federal Reserve Bank of St. Louis

1,535,009
$352
1,479,405
1,174,358
$93,099,624
62
89,524,599
76
1,283,289
24,469,841
18,667,327
68,671

05
04
93
96
23
37
56
54

80,614

* Averaging $2,956.51 each.

Increase.
57,562
$1 31
67,613
79,348
-

$6,872,148 03
75
50,122 81
1,200,852 51
500,944 05
455
1,412

Decrease.

-

$946,339 65
3 68
-

_
-

-

Vi

REPORT OF THE

[Pub. D oc.

The amount o f deposits during the year, say $93,099,624.04,
was the aggregate o f 1,479,405 deposits in number, — an average
o f $62.93 to each.
The amount withdrawn during the year, say $89,524,599.96,
was represented by 1,174,358 withdrawals, — an average o f
$76.23 to each.
Compared with the previous fiscal year, these figures show
an increase o f 67,613 in number o f deposits, but a decrease o f
$946,339.65 in amount.
The withdrawals show an increase o f 79,348 in number and
o f $6,872,148.03 in amount.
The average o f deposits was $62.93 last year, as against $66.61
the year previous: the withdrawals show an average o f $76.23
last year, as compared with $75.48 the previous year.
This large increase in the amount o f withdrawals can be
accounted for in part, it is thought, by the reduced rate of
dividends, and in part also by the fact that, in many o f the
older banks, accounts which have been accumulating for a period
o f years have been eliminated, the settlement o f estates necessi­
tating withdrawals o f the amounts for distribution.
The magnitude o f the business is exemplified by the facts
shown in the ta b le: the whole number o f deposits and with­
drawals in all the banks amounts to 2,653,763 ; the clerical
labor required to do the work attendant on these transactions,
and the added care o f the investments and moneys o f the banks,
has been accomplished at an aggregate cost o f $1,283,289.37,
or about .00237 per cent, o f the deposits.
The expenses o f the banks may, in some instances, seem
larger than necessity requires; but the fact that the average is
as small as the above statement shows, indicates that the busi­
ness, as a whole, continues to be conducted on an economical
basis.

Liabilities and Assets.
The following classified statement o f the aggregate liabilities
and assets o f the banks shows also a comparison with the simi­
lar items given in our previous rep ort: —


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

vii

A g g r e g a t e S t a t e m e n t o f L ia b il it ie s a n d A s s e t s .

Showing Increase or Decrease, as compared with the Year ending Oct. 3 1 ,
1899.
Liabilities.
Amount
Oct. 31, 1900.
D e p o s i t s , ...................................................
Guaranty fund..................................................
Undivided earnings..........................................
Due on incomplete mortgage loans, .
Sundry liabilities..............................................

$540,403,686
23,575,955
10,022,496
154,748
80,353

Percentage
of
Increase.

Increase.

60
60
07
38
30

$22,201,637
1,158,608
365,237
32,746
9,772

$574,237,239 95

-

81
44
05
76*
29

4.28
5.17
3.78
17.46*
13.85
-

* Decrease.

A sse ts.

Amount
Oct. 31,1900.

Public funds,
.
Loans on public funds,
Bank stock, .
Loans on bank stock, .
Railroad bonds, .
Loans on railroad bonds,
Loans on railroad stocks,
Railroad notes,
Boston Terminal Company bonds, .
Loau on Boston Terminal Company bonds
Real estate (for banking purposes), ,
Real estate by foreclosure, .
Loans on real estate, .
.
.
.
Loans on personal security,
Loans to counties, cities and towns (notes)
Loans on depositors’ books,
Sundry stocks, bonds and notes taken to
secure indebtedness,
Expense account, .
Premium account,
Furniture and fixtures,
Sundry assets,* .
Cash on hand : —
In banks, on interest, .
In banks, not on interest,
In office,

1, 202, ’

21,467,'
1,386,1
73,820,!
1,086,'
1,103,(

100,(

11,481,1
13,(
4,396/
3,296,<
238,336,:
114,320,!
14,167,!
50,i

07
00
63
22
09
00
00
00
50
00
46
58
82
73
79
74

Increase.

$319,539 00
-

6,849,663 41
165,700 00
543,000 00
884,981
13,000
38,962
586,457
9,656,953
9,787,558

01
97 1
45
25 ¡>
72 j

37
00
37
25
98
51

-

43,435 97

Decrease.

$3,919,650 57
_

1,295,748 91
191,054 29
_
_
_

400,000 00
1

1
_
_

204,860 47
290 77
-

27,814 80

ai a S
br a m
2 S<)
a -£ —

^ ^-2

11.84
.21
3.74
.24
12.86
.19
.19
.02
2.00
.77
.57
41.50
19.91
2.47
.01
.04
.16

$17,009,450 24
449,028 11
1,436,756 57
18,895,234 92
$574,237,239 95

797,047 19
-

3.29
-

-

* Consisting of interest and suspense accounts, taxes and insurance paid, real estate
expenses, etc.


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Federal Reserve Bank of St. Louis

viii

R E P O R T O F TH E

[Pub. Doc.

Liabilities.
The statement o f liabilities shows an aggregate o f deposits o f
$540,403,686.60; this amount is represented on the books o f
the banks by 1,535,009 open accounts,— an average to each
o f $352.05. Last year the average was $350.74.
Based upon the population o f the Commonwealth, as shown
by the late census, the deposits amount to $192.63 per capita.
The guaranty fund amounts to $23,575,955.60, — an increase
o f $1,158,608.44 over last year, — and is equivalent to about
4.36 per cent, o f the aggregate deposits.
The wisdom o f that legislation which required the establish­
ment and maintenance o f a guaranty fund has been demonstrated
the past year, during which time some o f the banks, in which
the guaranty fund had reached the limit fixed by statute,
availed themselves o f the funds to charge off certain losses,
thereby saving the necessity o f a reduction in dividends.
There were, at the date o f their report, 41 banks in which
the guaranty fund was about up to the limit o f 5 per cent, o f
their deposits.
The undivided earnings o f the banks amount to $10,022,496.07, against $9,657,259.02 the year previous.
The total deposits, say $540,403,686.60, is $22,201,637.81
in excess o f the amount Oct. 31, 1899.
The increase in deposits is considerably less than was the
case in the year ending Oct. 31, 1899, and is due, no doubt, in
part to the judicious action o f many banks in declining to re­
ceive deposits o f large amounts or from persons residing out­
side the immediate vicinity o f the bank.

Assets.
B y reference to the preceding table, the changes in the sev­
eral classes o f investments will be readily noticed. Those
calling for especial comment are : —
First, the decrease o f $3,919,650 in public funds and the in­
crease o f $6,849,663 in railroad bonds, — the former due, in
part, to the fact that, as bonds o f that class become due or have
advanced in price, they have been eliminated and the proceeds
thereof put into the latter class, which pay a little better rate
o f interest or have a longer period to run.


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

ix

Second, the considerable decrease in the amount invested in
bank stock, say $1,295,749. A s this class o f investment has
been the cause o f much discussion o f late, it may be o f interest
at the present time to state that during the past year —
54 banks have sold 5,658 shares, and
36 banks have purchased 1,891 shares, of bank stock.

It is but fair to say that, o f the 5,658 shares sold, in many
cases the sums received were in excess o f the amount at which
the shares stood on the books o f the savings bank, and this
excess was applied to meet the losses on, or to reduce the
valuation of, other shares o f bank stock.
Third, the increase o f $586,457 in the amount o f real estate
held by foreclosure is not an encouraging feature, but in many
cases reflects more upon previous than upon present manage­
ment o f the banks. Within the past ten years this item has
more than doubled. The opinion o f this Board is that, as de­
posits have flowed into the banks more freely than was for their
best interests, loans have been offered, in many cases upon
property at a distance from the bank, and (in the desire to
keep the deposits invested) have been taken without proper,
careful consideration, and the result has been, as shown above,
that the banks have had to take the property.
Fourth, loans on real estate show an increase o f $9,656,954,
while loans on personal security show a similar increase of
$9,787,558. Loans on real estate, if made with proper care
upon productive property, as well as loans on personal security
judiciously placed, with strong additional collateral, ought to
be safe investments.
O f the total loans on personal security, say $114,320,336.73,
the sum o f $69,629,453.62 is secured by the deposit o f collateral
security, in addition to the sureties required by statute, and the
balance o f $44,690,883.11 is not so protected.
The items o f cash on hand and deposited in banks does not
vary materially from the same item last year ; and this would
seem to indicate that the bank's have been able, as a rule, to
keep their deposits invested closely.
The percentage which each class o f assets bears to the total
is shown in the table.


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Federal Reserve Bank of St. Louis

X

REPORT OF THE

B anks

in

H ands

of

[Pub. D oc.

R eceivers .

Brookfield Savings Bank.
The receiver o f this institution has closed his trust, and, in
accordance with the decree o f the court, has paid into the
treasury o f the Commonwealth the amount o f all unclaimed
dividends, say $4.13, and has deposited with this Board all the
books and papers o f the bank.

Millis Savings Bank.
The receiver o f this bank has made his report to the court,
giving the amount o f all unclaimed dividends and the names o f
the persons entitled thereto; and a decree has been issued,
ordering notice to be given by mail to each o f said depositors.
Another report will be required hereafter, at which time a
decree will no doubt be issued requiring the deposit o f money,
books and papers, as provided by statute.

Framingham Savings Bank.
Since the date o f our last report such material progress has
been made in converting the remaining collectible assets into
cash that the receivers o f the bank are only awaiting the adju­
dication o f a suit now pending in court before filing their
report, asking for the allowance o f a final dividend. The
Board is advised by the receivers that only a small sum will be
realized from the remaining assets.
Two dividends have already been allow ed,— the first o f 50
per cent., amounting to $413,682.60, and the second o f 20 per
cent., amounting to $165,473.04; on Oct. 31, 1900, there
remained unpaid o f the first dividend $10,091.88, and o f the
second $4,061.91. A t the same date there were funds on hand
amounting to $73,096.73, available for a final dividend and for
the payment o f such additional expenses attending the receiver­
ship as may be allowed by the court.
On the following page will be found a condensed statement
o f the cash transactions during the year ending Oct. 31,
1900: —


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Federal Reserve Bank of St. Louis

No. 8 .]

Statement o f Receivers o f Framingham Savings Bank.
D is p o s it io n o p A s s e t s , sh o w n b y R e p o r t op
R e c e iv e r s .

Loans on real estate..................................................................................
Loans on personal s e c u r i t y , ...........................................................
Trustee’s account, C. C. Esty.................................................................
Sundry s t o c k s , .....................................................................................
Overdue interest........................................................................................
Real estate by foreclosure.......................................................................
F u r n i t u r e , .............................................................................................
C a s h , ......................................................................................................

$55,473
9,380
5,934
5,769
9,979
150,042
426
198,631

12
90
61
00
40
93
10
31

Received in
Cash.

$41,210
250
1,889
1,923

00
00
00
00

Less payments, as follows : —
For taxes.....................................................................................................
e x p e n s e s , .....................................................................................
account of first dividend of 50 per c e n t . , ..................................
account o f second dividend o f 20 per cent.,
.
.
.
.

Total Credits on
Principal.

$501 10
23 95

$41,210
250
1,889
1,923

12,639 00
69 80
198,631 31

$435,637 37
Received from interest on l o a n s , ...................................................
interest on deposits in bank"*.......................................
r e n t s , ............................................................................
other s o u r c e s , ...........................................................

Interest
Received.

12,639 00
69 80
$525 05

525
2,311
325
506

00
00
00
00

Assets
Oct. 31, 1900.

$14,263
9,130
4,045
3,846
9,979
137,403
356

12
90
61
00
40
93
30

$57,980 80

05
97
04
33

$260,280 50
$15
10,364
.
1,239
161,411

40
14
31
13
173,029 98

Cash on hand Oct. 31, 1 9 0 0 ,...........................................................


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Federal Reserve Bank of St. Louis

....

$87,250 52

87,250 52
A

$266,275 78

SA V IN G S B A N K CO M M ISSION ERS.

C H A R A C T E R OP ASSETS.

Assets
Oct. 31, 1899.

Xll

R E P O R T O F TH E

[Pub. D oc.

Hampshire Savings Bank.
A s stated in previous reports, this institution was placed in
the hands o f receivers May 4, 1898, since which time five re­
ports have been filed with the court, viz. : —
1 st— Aug.
2d — Oct.
3d — Dec.
4th — March
5th— Feb.

12,1898.
20,1898.
5,1898.
16, 1899.
5,1900.

The fifth report was filed on Feb. 5, 1900, and the court de­
creed that a final dividend o f 14.1 per cent, should be paid the
depositors; this makes the total dividend to depositors 79.1
per cent. On October 31 last there remained unpaid o f the
first dividend $658.42, o f the second dividend $751.09 and o f
the third dividend $1,557.49. A statement is annexed, show­
ing the transactions o f the receivers as shown by their books
since our last report, Oct. 31, 1899 : —


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Federal Reserve Bank of St. Louis

No. 8 .]

R e c e iv e r s o f t h e H a m p s h ir e S a v in g s B a n k — N o r t h a m p t o n .

Classified Statement o f Receipts and Disbursements from March 1 6 ,1 8 9 9 , to Oct. 3 1 ,1 9 0 0 .

Bank stocks,
.
.
.
.
Loans on bank stocks,
Personal l oans, . .
.
.
Loans on real estate,
Special list of loans,
Foreclosures...............................
Expense account,
Depositors’ overdrafts, .
Cash on hand and in banks, .

$5,560
2,500
4,580
150,304
24,800
4,277
6,616
127
427,775

20
00
70
69
00
65
07
56
45

Received
in Cash.

$5,679
2,080
4,430
122,985
510
15,280

02
00
70
64
02
39

Payments.
Real estate by fo r e c lo s u r e ,..................................
E x p e n s e s , ...........................................................
Expenses (special)..................................................
I n s u r a n c e , ............................................................
First dividend o f 40 per cent.................................
Second dividend of 25 per cent.............................
Third dividend of 14.1 per cent.,

28
87
73
00
85
00

$632,047 05
$603
19,987
25
13
. 13,328
. 380,919
. 213,592

09
60
58
76
31
30
47
628,470 11

Cash balance Oct. 31, 1900,


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Federal Reserve Bank of St. Louis

$69 05
165 05

$21,000 00

$3,576 94

Debits to
Transfer from
other Loans,
and for Cash
paid out.

$21,603 09
7,245 12

Charged off.

$420
150
6,250
24,124
10,600
13,861
124

Amount Oct.
31, 1900.

00
00
00
93
35
19
46
$3,576 94

$234 10
81
5,915
10,104
37,125
25
50

.
.

Credits by
Transfer to
other Loans.

3 10
427,775 45

$626,542 32
Dividends on bank stocks,
.
Interest on loans,
Interest on bank deposits,
Estate o f Lewis Warner,
In surance,..................................
Office furniture,
.
.
.

Received
Offsets.

$21,000 00

$28,848 21

$55,530 93

$3,576 94

SA V IN G S B A N K COM M ISSION ERS.

Amount
March 16,
1899. .

C H A R A C TE R OF A SSET S.

XIV

R E P O R T O F TH E

Security Savings Bank

,

[Pub. Doc.

West Boylston.

The business of the village o f W est Boylston having been
virtually obliterated by the construction o f the metropolitan
water works, the trustees o f the bank considered it to be for
the best interests of the depositors to close the business o f the
bank and wind up its affairs.
In order to secure the legality o f such course, this Board
petitioned the supreme judicial court to grant an injunction on
the bank, which was done by a decree issued April 4, 1900.
The assets o f the bank have all been converted into cash,
and, by virtue o f a decree issued August 24 last, the bank has
declared a dividend o f 105 per cent, on its deposits, which divi­
dend is now payable; th e'decree also provides that, at the
expiration o f one year from the date thereof, all unclaimed
dividends, together with the books and papers o f the bank,
shall be deposited as required by statute.
T rust C ompanies .

During the past year the Manufacturers’ Trust Company at
H olyoke has discontinued business, and distributed its assets
among its stockholders.
The Taunton Safe Deposit and Trust Company, incorporated
in 1897, was organized and its capital paid in during the last
month, and the certificate o f this Board authorizing it to com­
mence business was issued December 29.
The number o f trust companies transacting business in this
Commonwealth at the date o f this report was 35 ; 1 other com­
pany has for a long time been in the hands o f a receiver.
The 35 companies which made reports to this Board on
October 31 held deposits in their banking departments o f
$123,910,978.07, with other liabilities o f $28,052,233.55 and
total assets o f $151,963,211.62.
O f the 35 companies, 14 have established trust departments,
the liabilities in which amount in the aggregate to $13,875,705.66.
Statements o f the several companies are attached to this re­
port, and a consolidated balance sheet follows the statements.


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

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS.

T rust C ompany

in

xv

H ands or R eceiver .

Suffolk Trust Company.
This company was placed in the hands o f a receiver — Hon.
J. Haskell Butler — Sept. 3, 1891.
The character o f its assets was such that much delay and loss
resulted in the collection o f the loans on personal as well as
collateral security, whilst the mortgage loans on western real
estate involved considerable litigation as well as d ela y ; added
to these facts, several questions arose which, with the attempt
to enforce the liability o f stockholders, entailed additional liti­
gation, some points o f which are now awaiting the report o f the
master to whom they were referred, and which it is expected
will be filed within a short time. As soon as this report is
filed, the receiver will take such action as may be required to
close his trust as expeditiously as it can properly be.
The annexed statement shows the receipts and disbursements
o f the receiver during the past year : —
Statement o f Receiver o f Suffolk Trust Company.

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

Time loans..............................
Demand loans,
Tax sale certificates, .
Coupon account, .
Mortgage loans, .
Bills receivable, .
Overdrafts, .
.
.
.
Furniture, etc.,
Teller’ s memoranda, .
Real estate equities,
Due from agents, .
Foreclosure account, .
Maverick National Bank, .
C a s h , ..................................

Amount
Oct. 31,
1899.

$44,191
29,846
3,373
24,273
800
507
777
4,141
446
10,919
3,347
17,589
219
13,728

14
37
75
21
00
25
85
15
88
20
52
39
89
05

D is p o s it io n o p A s s e t s ,
AS SHOWN BY
R e p o r t o p R e c e iv e r .

Received on
Account
of Principal.

$150 00

Total receipts for year,
Less expenses for year,

.

_
_

_

_

_
_

_
_

_

_
_

5 00

5 00

_

»

-

-

Amount
N ov. 1,
1900.

$44,191
29,696
3,373
24,273
800
507
777
4,141
446
10,919
3,347
17,584
219

14
37
75

21
00
25
85
15
88
20
52
39
89

$155 00
177 37
13 00
$345 37
.10 35

Net....................................
Cash Oct. 31, 1899,

$335 02
13,728 05

Balance.............................

$14,063 07


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

$150 00

_
_

$154,161 65
Received interest on deposits,
Received from assignments of loans,

Total
Credits on
Principal.

14,063 07
$154,341 67

XVI

R E P O R T — S A Y IN G S B A N K S.

[P . D. No. 8.

C onclusion.

The succeeding pages contain statistics o f the several savings
banks and trust companies, as compiled from their annual re­
ports. A consolidated balance sheet o f the assets and liabilities
o f the savings banks, together with a similar sheet showing the
assets and liabilities o f the trust companies, in both their bank­
ing and trust departments, is also annexed.
The usual table giving the number, condition and progress
o f the savings banks in each year since 1834, when returns
were first required, is also given.
The A ppendix contains the statutes relating to savings banks
and trust companies, corrected to date.
The question has arisen as to whether the statutes referred
to are properly made a part o f the annual report o f this Board,
and legislation upon this point is respectfully suggested.
The number o f copies o f Part I. o f the report, now author­
ized by statute, is 2,500, but for the past two or three years
this number has not been sufficient to meet the demand, and
legislative authority is requested for permission to hereafter
issue a larger number.


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Federal Reserve Bank of St. Louis

STARKES WHITON,
WARREN E. LOCKE,
JAMES 0 . OTIS,
Commissioners o f Savings Banks.

ABSTRACT OF ANNUAL REPORTS
or

TH E

SAYINGS BANKS AND

INSTITUTIONS

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

CONDITION AT THE CLOSE OF BUSINESS


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

O ctober

31, 1900.

2

R E P O R T O F TH E

[Pub. D oc

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

Incorporated March 17, 1853.

Present number of corporators, 57.

J o se p h L. G r e e n w o o d , Acting President.
G e o r g e A . B e a l , Treasurer.
G e o r g e A. B e a l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S il a s B . D i c k e r m a n ,J ohn W . Spr o u l ,
J o se p h L. G r e e n w o o d ,
W i l l i a m J. C o u g h l a n ,
W il l ia m V a n c e .

Open for business every business day, 9 a . m . to 12 m . ; 1 to 4 p . m . ; close Saturdays at
12 m . during May, June, July, August and September.

B a l a n c e Sh e e t O c t .

31, 1900.

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,
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Lawrence Duck Co. stock,*
Real estate income, .
Insurance and taxes paid, .
Furniture and fixtures,
Store fixtures, .
.
.
.
Cash on hand, .
.
.
.

$66,000
88,350
11,975
321,000

00
00
00
00

42,000
62,703
1,148,120
301,792

00
70
42
00

139,600
828
58,832
297
6,000
479
50
1,500
1,000
2,277

00
00
58
27
00
54
40
00
00
14

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

$2,252,806 05

$2,129,114 22
104,800 00
10,135 98
8,755 85

$2,252,806 05

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Abington National Bank, A b in g to n ,............................................................... $20,807 66
National Bank of Redemption, B o s t o n , ......................................................
38,024 92


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

No. 8 .]

3

SA Y IN G S B A N K CO M M ISSION ERS

Abington Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
$ 10,000 00

100 shares Traders’ National Bank, L o w e l l , ....................................
5 shares National Granite Bank, Q u i n c y , ................................
10 shares First National Bank, R o c k l a n d , ....................................
10 shares First National Bank, R o c k l a n d , ....................................

300 00
875 00
800 00

Detailed Statement o f Public Funds.
Par Value.

City of Grand Rapids, Mich., 5s,
of Malden, Mass., 4s,
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
of Springfield, Ohio, 4£s,
of Springfield, Ohio, 5s, .
Town of Abington, Mass., 4s, .
of Middleborough, Mass., 4s,

$3,000
14,000
2,000
10,000
5,000
5,000
17,000
10,000
$66,000

Estimated
Market Value.

$3,180
14,280
2,100
10,500
5,525
5,250
18,220
11,250

00
00
00
00
00
00
00
00

$70,305 00

Amount Invested.

$3,000
14,000
2,000
10,000
5,000
5,000
17,000
10,000

00
00
00
00
00
00
00
00

$66,000 00

No. o f

! Shares.

Detailed Statement o f Bank Stocks.

62
40
50
12
59
100
100
38
110
45
68
31
50
10
50
32
20
32
2

Par Value.

Abington N’l Bank, Abington,
First National Bank, Adams, .
Blackstone N’l Bank, Boston, .
Central National Bank, Boston,
Eliot National Bank, Boston, .
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k, Boston,.
Mt. Yernon N’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,
N’l Webster Bank, Boston,
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
South End N’l Bank, Boston, .
State National Bank, Boston, .
Brockton N’l Bank, Brockton,
Old Colony N’l B’k, Plymouth,
First National Bank, Rockland,


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

$6,200
4,000
2,250
1,200
5,900
10,000
10,000
3,800
11,000
4,500
6,800
3,100
5,000
1,000
5,000
3,200
2,000
3,200
200
$88,350

Estimated
Market Value.

$6,510
5,000
1,250
- 1,428
8,260
16,300
10,000
3,800
12,980
6,300
7,276
2,976
8,700
1,220
3,850
3,424
2,280
3,680
212

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

$105,446 00

Amount Invested.

$6,200
4,000
2,250
1,200
5,900
10,000
10,000
3,800
11,000
4,500
6,800
3,100
5,000
1,000
5,000
3,200
2,000
3,200
200

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

$88,350 00

4

R E P O E T O F TH E

[Pub. Doc,

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

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boyer Valley R.R. 3ès, .
C hic, Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3£s,.
Maine Central R.R. 4<|s> .
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Portland & Rumford Falls R.R. 4 s ,.
Rumford Falls & Rangeley Lakes
R.R. 5 s,.
Upper Coos R.R. 4£s,

$46,000
39,000
10,000
10,000
5,000
30,000
25,000
21,000
10,000
30,000
10,000
15,000
25,000
20,000
20,000
5,000

Estimated
Market Value.

$47,840
44,610
10,150
10,300
5,200
33,000
28,500
21,715
10,000
30,150
11,100
17,175
27,000
21,800

Amount Invested.

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

23,600 00
5,700 00

$46,000
39,000
10,000
10,000
5,000
30,000
25,000
21,000
10,000
30,000
10,000
15,000
25,000
20,000

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

20,000 00
5,000 00

$321,000 $347,840 00 $321,000 00

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

$58,832
67.000
75.000
163,600

Rate.

58
00
00
00

2 per cent.
H
“
3|
»
4
“

Amount.

$15,000
89,400
525,429
10,000

Rate.

00
00
50
00

4| per cent.
4*
“
5
«
5i
“

Amount.

$61,050 00
595,835 92

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, 1900,
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
Assessed value of the same.....................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 767
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 790
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 9 0 0 , ...............................................................
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

Rate.

5J per cent.
6

$42,000
42.000
39,600
1,060

00
00
00
18

62,703 70
58.000 00
848,400 42
36,019 16
100,824 88

N o. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

5

Abington Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent.,
$40,475 61 I $81,262 12
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
40,786 51
Number of accounts opened during the year ending Oct. 31, 1900,
. 400
Number of accounts closed during the year ending Oct. 31, 1900,
. 304
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,358
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
4,277 54
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
212,353 75
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of same............................................................................................... 2,078
Amount of withdrawals, including dividends, during the year ending
237,818 56
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ..........................................................................................2,696
Date of examination by commissioner : March 13.


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Federal Reserve Bank of St. Louis

6

[Pub. Doc

R E P O R T O F TH E

AM H E R ST S A V IN G S B A N K — A M H E R S T .
Incorporated April 5, 1864.

Present number oi corporators, 14.

E . F. C o o k , President.

E . D. B a n g s , Treasurer.

G e o r g e C u t l e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E . F. C o o k ,
A. R . C u s h m a n ,

m . E. B r i d g m a n ,
D. W . P a l m e r .

¥

Open for business every business day except Saturdays, 9
Saturdays, 9 a . m . to 12 m .

a .m .

to 12

m.

; 1.30 to 4

p .m .

;

Balance Sheet Oct . 31, 1900.

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, .
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses)..........................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

$89,875
250
185,758
26,522
127,800
300
110,000

00
00
41
00
00
00
00

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

$2,734,920 03
135,053 00
44,723 29

15,000 00
1,611,098 41
570,646 33
91,200
1,100
79,099
5,000
1,046

00
00
48
00
69

$2,914,696 32

$2,914,696 32

Cash on Deposit in Banks, amount in each : —
First National Bank, Amherst..............................................................................$24,099 48
City National Bank, H o l y o k e ,........................................................................
15,000
Hampshire County National Bank, N o rth am p to n ,.....................................
10,000
Agawam National Bank, Springfield,...............................................................
10,000
Pynchon National Bank, Springfield..................................................................
15,000
Springfield National Bank, S p r in g f ie ld ,......................................................
10,000

00
00
00
00
00

Loan on Public Funds : —
$500 United States 4s..............................................................................................


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

$250 00

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS.

7

Amherst Savings B an k — Continued.
Loans on Bank Stock, amount on each: —
100 shares
180 shares
10 shares
3 shares
17 shares

Broadway National Bank, B o s t o n ,.............................................$6,846 00
Mechanics’ National Bank, Boston.................................................
18,000 00
First National Bank, Am herst,...................................................... )
i 276 00
Southbridge National Bank, Southbridge,
.
.
.
. >
’
Springfield Safe Deposit and Trust Company, Springfield,
.
400 00

Loan on Railroad Stock: —
3 shares Connecticut & Passumpsic Rivers R . R . , ....................................

$300 00

Detailed Statement o f Public Funds.

Par Value.

City of Beverly, Mass., 4s,
of Chicago, 111., 4s, .
of Saginaw, Mich., 4^s, .
Town of Clinton, Mass., 4s,
of Marblehead, Mass., 4s,
of Springfield, Vt., 4s, .

Estimated
Market Value.

$10,000
20,000
20,000
20,000
15,000
5,000

$10,700
20,600
20,600
20,100
15,675
5,000

$90,000

$92,675 00

00
00
00
00
00
00

Amount Invested.

$10,000
19,875
20,000
20,000
15,000
5,000

00
00
00
00
00
00

$89,875 00

Ho. of
Shares.

Detailed Statement o f Bank Stocks.

100
34
80
10
15
38
45
28
94
56
100
100
30
15
78
78
67

Par Value.

First Nat’l Bank, Amherst,
First National Bank, Barre, .
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,.
Conway Nat’l Bank, Conway,.
National Pahquioque Bank,
Danbury, Ct.,
First N’l Bank, Easthampton,.
Franklin Co. N’l B’k, Greenfield,
City National Bank, Holyoke,.
Holyoke Nat’l Bank, Holyoke,
National Bank of Commerce,
New London, Ct.,.
Berkshire N’l B’k, No. Adams,
First N’l Bank, Northampton,.
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,


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

Estimated
Market Value.

Amount Invested.

$10,000
3,400
8,000
1,000
1,500
3,800
4,500

$15,000
3,400
11,200
1,070
1,635
3,686
4,500

00
00
00
00
00
00
00

$14,910
3,400
10,095
1,000
1,495
3,300
4,493

00
00
50
00
08
00
33

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

3,920
4,700
5,712
12,000
14,500

00
00
00
00
00

3,870
8,460
5,600
10,000
10,800

00
00
00
00
00

3,000
1,500
7,800

4,350 00
1,605 00
9,594 00

3,000 00
1,500 00
9,380 00

7,800

7,800 00

7,800 00

6,700

13,400 00

6,954 00

8

R E P O R T O F TH E

[Pub. D oc

Amherst Savings Bank — Continued.

No. of
Shares

Detailed Statement o f Bank Stocks — Concluded.

60
83
117
38
116
115
70
28
8
25
40
6

Par Value.

First N’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,.
Chapin N’l Bank, Springfield,
First N’l Bank, Springfield,
Crocker N’l B’k, Turner’s Falls,
Ware National Bank, Ware, .
Citizens’ N’l Bank, Worcester,
City N’l Bank, Worcester,
Mechanics’ N’l B’k, Worcester,

$6,000
8,300
11,700
3,800
11,600
11,500
7,000
2,800
800
2,500
4,000
600
$167,400

Estimated
Market Value.

$6,900
9,545
19,305
4,750
5,800
14,950
7,350
4,060
840
3,750
4,800
600

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

$200,722 00

Amount Invested.

$6,000
9,960
16,101
5,306
9,280
13,623
8,730
2,800
800
2,500
4,000
600

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

$185,758 41

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Fitchburg R.R. 5s, .

$43,000
35,000
10,000
40,000
$128,000

$45,010
40,512
12,675
42,100

00
50
00
00

$43,000
34,800
10,000
40,000

00
00
00
00

$140,297 50 $127,800 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

$110,000

Estimated
Market Value.

Amount Invested.

$126,500 00 $110,000 00

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

$19,099 43
20,000 00
311,200 00

Kate.

Amount.

Rate.

3 per cent.
3f
«
4
“

$248,240 00
1,676,302 00

4£ per cent.
5
“


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

Amount.

$42,170 58
63,204 16

Rate.

5^ per cent.
6
“

No. 8 .]

9

S A Y IN G S B A N K C O M M ISSION ERS.

Amherst 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, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 822
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 907
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 9 0 0 , ...............................................................
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.,
$50,488 82 1
during the year ending Oct. 31, 1900,.
. 1 2 per cent.,
52,257 38 i
Number of accounts opened duringthe year ending Oct. 31, 1900,
. 680
Number of accounts closed duringthe year ending Oct. 31, 1900,
. 440
Total number of open accounts Oct. 31, 1900,
.
.
.
.
5,846
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ..........................................................................3,992
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900...........................................................................................................
Number of s a m e , ..........................................................................3,506
Date of examination by commissioner: September 22.


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

$15,000
15,000
9,500
702

00
00
00
60

768,317 74
20,480 00
129,447 51
102,746 20

5,632 36
350,491 70

303,955 65

10

R E P O R T O F TH E

[Pub. Doc

A N D O V E R SAVING-S B A N K — A N D O V E R .

Incorporated April 2, 1834.

Present number of corporators, 34.

M oses T . S t e v e n s , President.
J o h n F . K i m b a l l , Treasurer.
J o h n F . K i m b a l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L e w is T . H a r d y ,

M oses T . S t e v e n s .

Open for business every business day except Wednesdays, 9 a . m . to 12 m . ; 2 to
4 p . m . ; Wednesdays, 9 a . m . to 12 m . ; the third Wednesday of March,
June, September and December, 9 a . m . to 12 m . ; 2 to 4 p . m .

B alance Sheet O ct. 31, 1900.

A ssets .

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

L ia b il it ie s .

$393,500
231,182
890,987
20,000
61,627
1,308,542
178,801

00
50
50
00
83
59
00

8,500
1,000
24,887
1,036
1,663
5,455

00
00
13
31
52
53

$3,127,183 91

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

$2,886,408 25
141,000 00
52,778 98
46,996 68

$3,127,183 91

Cash on Deposit in Banks, amount in each: —
Andover National Bank, Andover,
Old Boston National Bank, Boston, .
Shoe and Leather National Bank, Boston, .
Federal Trust Company, Boston,


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

$4,036
11.045
5,103
5,738

31
25
87
01

No. 8 .]

11

SA V IN G S B A N K COM M ISSIONERS

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

Massachusetts 3£s, .
.
.
.
County of Aroostook, Me., 4£s,
of Rockingham, N. H., 4s, .
City of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 6s, .
of Gloucester, Mass., 4s, .
of Lewiston, Me., 6s,
of Lynn, Mass., 4s, .
of Portland, Me., 6s,
of Sioux City, Iowa, 4£s,.
Town of Andover, Mass., 4s, .
o f Arlington, Mass , 4 s,.
o f Marblehead, Mass., 4s,
o f Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
of Peabody, Mass., 4s, .

$10,000
10,000
10,000
50,000
48,000
75,500
1,000
9,000
4,000
50,000
21,000
15,000
10,000
10,000
25,000
26,000
9,000
10,000
$393,500

Estimated
Market Value.

$11,000
11,000
10,650
56,000
54,253
83,805
1,010
9,450
4,040
55,587
24,570
16,925
11,255
10,850
28,125
28,005
10,170
11,200

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

Amount Invested.

$10,000
10,000
10,000
50,000
48,000
75,500
1,000
9,000
4,000
50,000
21,000
15,000
10,000
10,000
25,000
26,000
9,000
10,000

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

$437,896 25 $393,500 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

141
40
149
27
84
70
100
50
120
300
225
100
100
6
237
60
192
58

Par Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Everett Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
Metropolitan N’l Bank, Boston,
Nat’l Bank of the Commonwealth, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Security Bank, Boston, .
Nat’l Shawmut Bank, Boston,.
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,


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

Estimated
Market Value.

$14,100
4,000
6,705
2,700
1,344
7,000
10,000
5,000
12,000

$15,510
4,000
3,725
2,808
84
7,000
10,000
8,150
12,000

00
00
00
00
00
00
00
00
00

30,000
22,500

56,700
31,500
400
10,700
1,440
39,816
7,980
18,432
8,120

00
00
00
00
00
00
00
00
00

-

10,000
600
23,700
6,000
19,200
5,800

Amount Invested.

$14,100
4,000
6,695
2,700
1,344
7,000
10,000
5,000
12,000

00
00
50
00
00
00
00
00
00

30,000 00
22,500 00
-

10,000
600
23,700
6,000
19,200
5,800

00
00
00
00
00
00

12

[Pub. Doc

R E P O R T O F TH E

Andover Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

129
110
35
50
52
25
3
50
100
25

Par Value.

Old Boston N’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,

$12,900
11,000
_

5,000
5,200
1,250
225
5,000
7,500
2,500
$231,224

Estimated
Market Value.

$12,900
19,140
280
3,850
5,564
250
225
6,750
11,500
2,500

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$12,900 00
11,000 00
5,000
5,200
1,218
225
5,000
7,500
2,500

00
00
00
00
00
00
00

$301,324 00 $231,182 50

*

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Lowell R.R. 3és,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Cleveland & Pittsburg R.R. 3^s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Danbury & Norwalk R.R. 5s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Maine Central, European & North
American R.R. 4s,
. . .
Manchester & Lawrence R.R. 4s,
Newport & Richford R.R. 5s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
Providence & Worcester R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Worcester, Nashua & Roch. R.R. 4s,


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

$10,000
50,000
110,000
30,000
10,000
100,000
20,000
25,000
105,000
50,000
10,000
20,000
10,000
25,000

Estimated
Market Value.

$10,325
53,537
125,100
37,800
10,450
110,000
22,800
30,875
113,850
55,250
10,100
22,200
10,612
27,750

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

Amount Invested.

$10,000
•50,000
110,000
30,000
10,000
99,987
20,000
25,000
105,000
50,000
10,000
20,000
10,000
25,000

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

5,000
25,000
13,000

5,625 00
27,250 00
14,170 00

5,000 00
25,000 00
13,000 00*

25,000
148,000
25,000

28,875 00
169,295 00
28,875 00

25,000 00
148,000 00
25,000 00

25,000
50,000

32,500 00
55,750 00

25,000 00
50,000 00

$891,000 $1,002,990 00 $890,987 50

*

A legal investment when made.

No. 8 .]

SA Y IN G S B A N K

COM M ISSIONERS

13

Andover Savings Bank — Concluded.
Boston Terminal Company Bonds.

Boston Terminal Company 3£s,

Par Value.

Estimated
Market Value.

Amount Invested.

$20,000

$23,000 00

$20,000 00

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

$16,149 12
5,738 01
138,501 00

Rate.

2 per cent.
2è
“
4
“

Amount.

$57,500 00
871,862 45
81,131 00

Rate.

Amount.

4£ per cent.
5
“
5h
“

$350,691 54
157 60

Rate.

6 per cent.
7

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 518
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 611
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 9 0 0 ,...............................................................
Times for the dividends fixed by the by-laws : third Wednesday in June
and December.
Rate and amount of each semi-annualdividend f 2per cent.,
$54,266 88 1
during the year ending Oct. 31,1900, .
.
1 2per cent.,
55,387 57 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 616
Number of accounts closed during the year ending Oct. 31, 1900,
. 430
Total number of open accounts Oct. 31, 1900,
.
.
.
.
6,293
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900..............................................................................................
Number of s a m e , .......................................................................................... 4,212
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , .......................................................................................... 3,134
Date of examination by commissioner: October 23.


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

$61,627 83
69,175 00
807,159 13
4,600 00
137,001 12

109,654 45

5,876 21
329,610 32

342,216 24

R E P O R T O F TH E

14

[Pub. D oc.

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 ia m

Present number of corporators, 40.

G . P e c k , President.
H e n r y B l a s d a l e , Treasurer.
H e n r y B l a s d a l e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W

il l ia m

G. P ec k ,
B . D elm o n t L ocke,
E d w a r d S. F e s s e n d e n .

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

p .m .

; Wednesdays and Saturdays,

Balance Sheet O ct. 31, 1900.

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, .
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Tax account,
.
.
.
.
Insurance account,
Cash on hand, .
.
.
.

L ia b ilit ie s .

$508,000
15,000
12,790
2,000
111,000
5,000

00
00
51
00
00
00

3,489
4,874
1,008,199
27,000

42
76
51
00

118,798
325
54,994
1,353
404
603
2,503

64
00
30
59
02
19
00

$1,876,335 94

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rent account, .
Due on mortgage
loans, .
Collections,
Premium account, .

$1,773,695 08
74,559 41
12,920 73
6,636 47
466 69
3,587 50
214 86
4,255 20

$1,876,335 94

Cash on Deposit in Banks, amount in each: —
First National Bank, Arlington,........................................................................$8,073 91
Atlantic National Bank, Boston,........................................................................
31,627 46
Faneuil Hall National Bank, Boston,...............................................................
15,292 93
Loan on Public Funds : —
$15,000 City of Newton, Mass., 4s,


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

$15,000 00

No. 8 .]

15

S A Y IN G S B A N K CO M M ISSION ERS

Arlington Five Cents Savings B a n k — Continued.
Loan on Bank Stock: —
11 shares Hide and Leather Bank, Boston.....................................................|
10 shares First National Bank, Arlington..........................................................•*

$2,000 00

Loan on Railroad Bonds: —
$5,000 Boston & Maine R.R. 4 J s , ............................................................... $5,000 00

Detailed Statement o f Public Funds.
Par Value.

County of Washington, Me., 4s,
District of Columbia 6s, .
City of Belfast, Me., 4s, .
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, 5 s,.
of Dayton, Ohio, 6s,.
of Gloucester, Mass., 4s, .
of Grand Rapids, Mich., 5s,
of Kansas City, Mo., 4 ¿s,.
of Lewiston, Me., 5s,
of Medford, Mass., 4s,
of Middleton, Conn., 4s, .
of New London, Conn., 4s,
of Portland, Me., 6s,
of Rochester, N. II., 4s, .
of Somersworth, N. II., 4s,
of Springfield, Ohio, 4¿s,.
of Wallingford, Conn., 4s,
of Waterbury, Conn., 4 s,.
of Woonsocket, R. I., 4s, .
of Youngstown, Ohio, 5s,
Town of Arlington, Mass., 3¿s,
of Arlington, Mass., 4 s,.
of Attleborough, Mass., 4s,
of Chatham, Mass., 4£s,
of Concord, Mass., 4s, .
of Cranston, R. I., 4s, .
of Hull, Mass., 5s, .
of Leicester, Mass., 4s, .
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
of Rockport, Mass., 4s, .
of Wellesley, Mass., 4s,
of Westfield, Mass., 4s, .
of Winchester, Mass., 4s,


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

$15,000
3,000
15,000
12,000
1,000
9,000
6,000
5,000
22,500
20,000
10,000
1,000
10,000
10,000
16,000
20,000
6,000
10,000
12,000
12,000
5,000
25,000
14,500
52,000
52,000
10,000
8,000
25,000
2,000
18,000
13,000
10,000
15,000
13,000
10,000
16,000
4,000
$508,000

Estimated
Market Value.

$16,650
3,120
16,575
13,080
1,120
9,375
6,090
5,125
24,283
21,140
11,400
1,220
10,900
10,900
18,160
23,500
6,750
11,050
13,155
13,740
5,575
27,500
15,482
56,160
56,321
11,000
8,600
28,875
2,280
20,970
13,415
11,050
16,687
14,265
10,220
17,400
4,380

00
00
00
00
00
00
00
00
61
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
39
00
00
00
00
00
00
00
50
00
00
00
00

$557,515 00

* Legal investments when made.

Amount Invested.

$15,000
3,000
15,000
12,000
1,000
9,000
6,000
5,000
22,500

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

10,000
1,000
10,000
10,000
16,000
20,000
6,000
10,000
12,000
12,000
5,000
25,000
14,500
52,000
52,000
10,000
8,000
25,000
2,000
18,000
13,000
10,000
15,000
13,000
10,000
16,000
4,000

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

2o;ooo oo

$508,000 00

16

R E P O E T O F TH E

[Pub. D oc

Arlington Five Cents Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
50
50
10
33
12
12

Par Value.

First Nat’l Bank, Arlington, .
Atlantic Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Union Bank, Boston,
Dedham Nat’l Bank, Dedham,

Estimated
Market Value.

$1,000
5,000
5,000
1,000
3,300
1,200
1,200
$17,700

$1,250
5,750
6,200
1,180
4,620
1,596
1,272

Amount Invested,

00
00
00
00
00
00
00

$21,868 00

$722
3,613
3,613
722
2,384
867
867

63
14
14
63
67
15
15

$12,790 51

Detailed Statement o f Railroad Bonds.
Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4£s,
..................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Vermont & Massachusetts R.R. 5s, .

*

Estimated
Market Value.

Amount Invested.

$2,000
20,000
4,000
20,000
30,000

$2,270
22,000
4,240
22,000
34,350

15,000

18,600 00

15,000 00

10,000
10,000

13,300 00
10,400 00

10,000 00
10,000 00

$111,000 $127,160 00

$111,000 00

00
00
00
00
00

$2,000
20,000
4,000
20,000
30,000

00
00
00
00*
00

A legal investment when made.

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

$54,994
69,798
20,000
23,000

Rate.

30
64
00
00

2 per cent.
4
“
41
“
4g
“


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

Amount.

$661,501 02
88,704 00
164,687 49

Rate.

Amount.

Rate.

5 per cent.

$143,332 00
1,400 00
3,900 00

6 per cent.
6£

51

H

»
“

7

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

17

Arlington Five Cents Savings Bank — Concluded.
$3,489 42
Amount invested in real estate for banking purposes.......................................
25,000 00
Estimated value of the s a m e , ........................................................................
23,381 00
Assessed value of the s a m e ,.................................................................................
595 35
Net income received from same during year ending Oct. 31, 1900,
Value by books, of other real estate, held or owned by foreclosure or
4,874 76
oth erw ise,............................................................................................................
20,992 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 303
344,294 49
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................390
Gross amount of interest or profits received or earned, as per books,
87,851 77
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: first Saturday in January
and July.
Rate and amount of eachsemi-annualdividend f 2per cent.,
$32,663 957 66,184 08
during the year ending Oct. 31,1900, .
.
12per cent.,
33,520 13 >
Number of accounts opened during the year ending Oct. 31, 1900,
. 510
Number of accounts closed during the year ending Oct. 31, 1900,
. 312
Total number of open accounts Oct. 31, 1900....................................
5,007
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .......................................................................................... 4,329
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900...........................................................................................................
Number of s a m e , ..........................................................................................3,134
Date of examination by commissioner: March 14.


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

5,172 47
229,795 75

225,209 02

18

R E P O R T O F TH E

[Pub. D oc

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, 37.

L e v i B. F a y , President.
W i l l i a m D. L u e y , Treasurer.
W i l l i a m D . L u e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H e n r y R . St o w e l l ,
Levi B. Fa y ,
L u c ie n L o r d ,
S olon W . L e e ,
G e o r g e D. B a t e s .

Open for business every business day, 9

a .m .

to 3

p .m .

B alance Sheet Oct. 31, 1900.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$96,000
12,515
7,025
290,000
75,000
1,192,374
713,467

00
00
00
00
00
03
66

30,750
83,360
2,163
2,151

00
19
96
27

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

$2,504,807 11

$2,298,428 46
109,000 00
40,857 18
56,521 47

$2,504,807 11

Cash on Deposit in Banks, amount in each: —
Miller’s River National Bank, Athol, .
Eliot National Bank, Boston,
.
.

.

.

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

$58,166 61
25,193 58

Loans on Bank Stock, amount on each : —
7 shares Miller’s River National Bank, A th o l,.............................................
5 shares Metropolitan National Bank, Boston,.............................................
10 shares Hampshire Company National Bank, Northampton,.
8 shares National Bank, A th o l,........................................................................
60 shares Packard National Bank, Greenfield,.............................................


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

$500
350
800
375
5,000

00
00
00
00
00

No. 8 .]

19

SA Y IN G S B A N K CO M M ISSION ERS.

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

Par Value.

City of
of
of
of
of
of

Boston, Mass., 4s,
Cleveland, Ohio, 5s,
Holyoke, Mass., 4s,
Kansas City, Mo., 4£s,.
Newton, Mass., 4s,
Newton, Mass., 5s,

$6,000
20,000
25.000
25.000
10.000
10,000

Estimated
Market Value.

$6,432
20,557
25,625
28,375
11,250
10,900

50
50
00
00
00
00

$96,000 $103,140 00

Amount Invested,

$6,000
20,000
25.000
25.000
10.000
10,000

00
00
00
00
00
00

$96,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

27
7
10
5
25
10
10
50

Par Value.

Miller’s River N’l B’k, A thol,.
Blackstone N’l Bank, Boston, .
Eliot National Bank, Boston, .
National Eagle Bank, Boston,.
N’l Shawmut Bank, Boston, .
Shawmnt N’l Bank, Boston, .
Agricultural N’l B’k, Pittsfield,
Springfield Safe Deposit and
Trust Co., Springfield,.

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
00
00

$2,700 00
315 00
1,000 00

5,000

7,500 00

5,000 00

$12,525

$20,535 00

$12,515 00

$2,700
315
1,000
10
2,500
-

1,000

$4,725
175
1,400
5
4,200
80
2,450

-

2,500 00
-

1,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4js, .
.
.
.
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................


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

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

Estimated
Market Value.

$11,475
27,437
55,000
39,025
22,450
50,500
28,000

00
50
00
00
00
00
00

31,375 00

Amount Invested.

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

00
00
00
00
00
00
00

25,000 00

20

R E PO R T O F TH E

[Pub. D oc.

Athol Savings Bank — Concluded.
Detailed Statement of Railroad Bonds — Concluded.

Par Value.

New York Central & Hudson River
R.R. 7s.............................................
New York & New England R.R. 6s,
Vermont & Massachusetts R.R. 5s, .

$25,000
5,000
20,000

Estimated
Market Value.

Amount Invested.

$26,687 50
5,462 50
20,650 00

$25,000 00
5,000 00
20,000 00

$290,000 $318,062 50 $290,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3<|s,

$75,000

Estimated
Market Value.

Amount Invested.

$86,250 00

$75,000 00

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

Amount.

$83,360
30,000
26,250
388,800

19
00
00
00

2 per cent.
35
“
3|
««
4
“

Rate.

Amount.

$135,000
218,200
12,900
984,993

00
00
00
71

4| per cent.
H
“
4|
»
5
“

Amount.

$26,600 00
120,872 98

Rate.

5J per cent.
6
“

Number of loans which are of an amount not exceeding $3,000 each, 306
Aggregate amount of the s a m e , ........................................................................ $344,128
Total number of loans upon real e s t a t e , ............................................. 401
Gross amount of interest or profits received or earned, as per books,
113,283
during year ending Oct. 31, 1 9 0 0 , ...............................................................
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.,
$42,039 78 )
85,795
during the year ending Oct. 31, 1900,
.
1 2 per cent.,
43,755 41 >
Number of accounts opened during the year ending Oct.31, 1900,
. 839
Number of accounts closed during the year ending Oct. 31, 1900,
. 552
Total number of open accounts Oct. 31, 1900,
.
.
.
.
6,355
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
6,612
clusive of taxes),
..........................................................................................
Amounts of deposits, not including dividends, received during the year
376,469
ending Oct. 31, 1 9 0 0 , ..........................................................................................
Number pf s a m e , ......................................................................... 4,000
Amount of withdrawals, including dividends, during the year ending
321,981
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of same............................................................................... 3,748
Date of examination by commissioner: April 17.


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

03

30
19

48
89

51

N o. 8 .]

21

SA V IN G S B A N K COM M ISSIONERS

A T T LE B O R O U G H SA V IN G S B A N K -N O R T H A T T L E ­
BOROUGH.
Incorporated Feb. 2, 1860.

Present number of corporators, 64.il«

A l b e r t T o t t e n , President.
E d w a r d R . P r i c e , Treasurer.
E d w a r d R. P r i c e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E v e r e t t S. C a p r o n ,
L ouis J. L a m b ,
G eorge W . C h e e v e r ,
E d g a r L . H ix o n ,
F r e d E. S t u r d y ,
A l b e r t T otten,
C h a r l e s E. B l is s .

Open for business every business day except Saturdays, 9
Saturdays, 9 a .m . to 12 m .

a .m .

to 3 p . m . ;

Balance Sheet Oct. 31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. 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, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.

$27,000
6,100
4,300
107,000
25.000
50.000

00
00
00
00
00
00

3,000
44,706
822,867
533,191

00
52
48
85

39.000
36,209
5,519
467
5,829

00
29
01
65
26

$1,710,191 06

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

$1,588,255 80
77,500 00
5,225 19
39,210 07

$1,710,191 06

Cash on Deposit in Banks, amount in each : —
Boston Safe Deposit and Trust Company, B o s t o n , .................................... $16,209 29
North Attleborough National Bank, North Attleborough,
.
.
.
25,519 01
Loan on Bank Stock: —
43 shares First National Bank, Attleborough,


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

$4,300 00

22

[Pub. D oc.

R E P O R T O F TH E

Attleborough Savings B an k — Continued.
Loan on Railroad Stock : —
200 shares Boston & Maine R . R . , ............................................................... $25,000 00

Detailed Statement o f Public Funds.
Par Value.

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

*

Estimated
Market Value.

$2,000
25,000

$2,130 00
27,875 00

$27,000

$30,005 00

Amount Invested.

$2,000 00
25,000 00*
$27,000 00

A legal investment when made.

Detailed Statement o f Bank Stocks.
<t-4 CC
o 03

61
50

Par Value.

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

Estimated
Market Value.

Amount Invested.

$6,100

$12,200 00
150 00

$6,100 00

$6,100

$12,350 00

$6,100 00

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Michigan Central R.R. 7s,

$50,000
50,000
7,000
$107,000

Estimated
Market Value.

Amount Invested.

$53,875 00
52,312 50
7,323 75

$50,000 00
50,000 00
7,000 00

$113,511 25 $107,000 00

Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3<|s,


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

$50,000

Estimated
Market Value.

Amount Invested.

$57,500 00

$50,000 00

No. 8 .]

23

SA Y IN G S B A N K CO M M ISSION ERS.

Attleborough Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.

Rate.

Amount.

$16,209
54.000
79,300
25.000

29
00
00
00

2 per cent.
3h
“
4
4|
“

Amount.

$85,000
50,000
475,764
8,000

00
00
00
00

Rate.

Amount.

Rate.

4^ per cent.
4|
5
“
5^
“

$177,900 00
469,395 33
20,000 00

5£ per cent.
6
7
“

$3,000 00
Amount invested in real estate for banking purposes,....................................
3.000 00
Estimated value of the s a m e , ........................................................................
3.000 00
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
44,706 52
otherwise.................................................................................................................
38,000 00
Assessed value of the s a m e ,.................................................................................
383 12
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 311
280,119 48
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 348
10,626 96
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
78,637 19
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: Tuesday after second Mon­
day in April and October.
Rate and amount of each semi-annual dividend f 2 per cent.,
$28,653 72 j
58,031 10
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
29,377 38 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 874
Number of accounts closed during the year ending Oct. 31, 1900,
. 588
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,819
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
5,484 26
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
367,663 46
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of same...............................................................................................5,264
Amount of withdrawals, including dividends, during the year ending
312,351 03
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ..........................................................................................4,145
Date of examination by commissioner: April 12.


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

[Pub. D oc

R E P O R T O F TH E

24

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

Incorporated May 1, 1869.

Present number of corporators, 36.

C h a r l e s H. F o l l a n s b t , President.
F rank A. R
F r a n k A . R i c h , Clerk of the Corporation.

ic h ,

Treasurer.

Names of committee charged with the investment of its funds:
C h a r l e s H. F o l l a n s b t ,
G e o r g e R . S im o n d s ,
G eorge W . C ook,
J o h n C. B a r t h o l o m e w ,
Or a m e l Cl a r k .

Open for business every business day except Saturdays, 9
Saturdays, 9 a .m . to 12 m .

B a l a n c e Sh e e t O c t .

to 12

m.

; 1 to 4

p .m . ;

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
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,
Suspense account,
Safe and furniture,
Taxes paid,....................................

a .m .

$45,000
66,079
55.000
30.000

00
00
00
00

10,477
19,921
526,839
30,064
48.000
3,461
815
14
2,338
707

41
36
40
86
00
52
90
82
95
74

$838,720 96

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

$790,358 43
26,000 00
6,697 82
15,664 71

$838,720 96

Cash on Deposit in Banks, amount in each : —
First National Bank, B a r r e , ........................................................................ $26,095 35
Springfield National Bank, S p r in g f ie ld ,......................................................
25,366 17


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

No. 8 .]

25

S A Y IN G S B A N K CO M M ISSION ERS

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

Par Value.

County of Washington, Me., 4s,
City of Canton, Ohio, 3£s,
of Kansas City, Mo., 4£s,.
of Springfield, Ohio, 5s, .
of Wilkes-Barre, Pa., 3£s,
Town of West Springfield, Mass., 4s,

Estimated
Market Value.

$5,500
5,050
11,400
11,950
10,595
5,750

$5,000
5.000
10,000
10,000
10,000
5.000
$45,000

00
00
00
00
00
00

$50,245 00

Amount Invested.

$5,000
5.000
10,000
10,000
.10,000
5.000

00*
00
00
00
00
00

$45,000 00

* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

36 First National Bank, Barre, .
28 Blackstone Nat’l Bank, Boston,
62 Boston National Bank, Boston,
20 Boylston Nat’l Bank, Boston, .
17 Continental N’l Bank, Boston,
25 Eliot National Bank, Boston, .
41 First National Bank, Boston, .
32 N’l B’k of Commerce, Boston,
46 N’l B’k of Redemption, Boston,
25 N’l Hide & Leather B’k, Boston,
6 National Revere Bank, Boston,
34 Second National Bank, Boston,
20 Shoe & Leather N’l B’k, Boston,
20 Suffolk National Bank, Boston,
30 Tremont Nat’l Bank, Boston, .
50 Nat’l Market Bank, Brighton,.
7 Ware National Bank, Ware, .
52 Central Nat’l Bank, YVorcester,
21 Citizens’ N’l Bank, Worcester,
50 City National Bank, Worcester,
20 First National B’k, Worcester,


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

Par Value.

$3,600
1,260
-

2,000
-

2,500
4,100
3,200
4,600
2,500
138
3,400
2,000
2,000
1,500
5,000
700
5,200
2,100
5,000
2,000
$52,798

Estimated
Market Value.

$3,600
700
186
2,080
85
3,500
7,380
3,520
5,428
2,675
30
5,916
2,440
2,180
300
5,000
735
6,500
3,150
6,000
3,800

Amount Invested.

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

$3,600 00
950 00

$65,205 00

$66,079 00

-

2,260 00
-

2,950
8,118
3,496
5*375
2,725
98
5,100
1,865
2,275
1,250
5,777
735
7,280
2,625
6,300
3,300

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

[Pub. D oc.

R E P O R T O F TH E

26

Barre Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$5,000
5,000
10,000
10,000

$5,375
5,700
11,150
11,050

$5,000
5,000
10,000
10,000

10,000

11,800 00

10,000 00

15,000

19,950 00

15,000 00

$55,000

$65,025 00

$55,000 00

Par Value.

Boston, Winthrop & Shore R.R. 5s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 4s, .
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................

00
00
00
00

00
00
00
00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3ès,

$30,000

Estimated
Market Value.

Amount Invested.

$34,500 00

$30,000 00

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

Amount.

$23,000 00
25.000 00
30.000 00

Kate.

Amount.

Kate.

Amount.

Rate.

2 per cent.
3*
“
4è
“

$106,550 00
26,600 00

5 per cent.

$186,781 40
206,972 86

% per cent.
6

5J

“

Amount invested in real estate for banking purposes,.................................... $10,477 41
Estimated value of the s a m e , ........................................................................
10,477
Assessed value of the s a m e ,.................................................................................
7,000
Net income from same during year ending Oct. 31, 1900, .
.
.
.
184
Value by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................19,921 36
Assessed value of the s a m e ,.................................................................................
18,840
Number of loans which are of an amount not exceeding $3,000 each, 230
Aggregate amount of the s a m e , ........................................................................
278,872
Total number of loans upon real e s t a t e , ............................................. 257
Amount of investments from which no income is received, .
.
.
.
28,000
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
38,302
Times for the dividends fixed by the by-laws : January 15 and July 15.


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

41
00
50

00
86
00
53

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

27

Barre Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $14,821 53 )
during the year ending Oct. 31, 1900, .
. I 1| per cent., 13,344 91 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 185
Number of accounts closed during the year ending Oct. 31, 1900,
. 139
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,894
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 0 ,..........................................................................................
Number of same...................................................................................... 1,014
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ..........................................................................................
Number of s a m e ,........................................................................................ 907
Date of examination by commissioner: June 14.


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

$28,166 44

2,088 16
92,158 90

90,000 81

R E P O R T O F TH E

28

[Pub. D oc

BASS R IV E R S A V IN G S B A N K — SOUTH Y A R M O U T H .

Incorporated April 15, 1874.

Present number of corporators, 25.

H ir a m L o r in g , President.
Ste p h e n W
E . L a w r e n c e J e n k in s , Clerk o f the Corporation.

in g ,

Treasurer.

Names of committee charged with the investment of its funds:
P e le g P . A k in ,
E lkanah Cro w ell,
C h a r l e s F. P u r r in g t o n ,

H ir a m L o r in g ,
E d w in B a x t e r ,
G e o r g e H . L o r in g .

Open for business every business day, 9

a .m .

to 12

m.

; 2 to 4

p .m .

B alance Sheet Oct. 31, 1900.

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, .
.
.
.

L ia b il it ie s .

$17,190
49,669
200
86,425
9,633
303,310
17,707

00
89
00
00
39
78
39

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

$473,703 40
24,490 58
5,891 41

7,300 00
10,064 25
2,584 69
$504,085 39

$504,085 39

Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston............................................................................ $3,624 53
Colonial National Bank, Bost on, .
.
.
.
.
.
.
.
.
3,983 75
First National Bank, H y a n n i s ,........................................................................
2,455 97
Loan on Bank Stock : —
2

shares First National Bank, Yarmouthport...............................................


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

$200 00

No. 8 .]

29

SA V IN G S B A N K COM M ISSION ERS

Bass River Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3ès, .
.
.
.
Town of Spencer, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$6,000
10,000

$6,810 00
10,850 00

$6,840 00
10,350 00

$16,000

$17,660 00

$17,190 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

30
5
63
55
50
56
50
50
50
7
25
25
15
6
37
10
24
9

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Everett National Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
Old Boston N’i 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 Nat’l Bank, New Bedford,
First N’l Bank, Yarmouth port,

$3,000
225
1,008
5,500
-

5,600
5,000
5,000
5,000
700
2,500
-

1,500
600
1,850
-

2,400
900
$40,783

Estimated
Amount Invested.
Market Value. .

$3,000
125
63
6,820
150
9,128
5,900
7,000
7,000
700
4,350
200
1,605
654
370
10
3,000
1,062

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

$51,137 00

$3,660
225
1,323
6,765

00
00
00
00

-

7,280
6,500
5,749
5,927
756
3,258

00
00
88
00
00
00

-

1,770 00
597 34
2,330 00
-

2,400 00
1,128 67
$49,669 89

Detailed Statement o f Railroad Bonds.
Par Value.

Bennington & Rutland R.R. 4-is,
Boston & Maine R R. 4s, .
Boston & Maine R.R. 4^s,
Fitchburg R.R. 4s..............................
Illinois Central R.R. 3Js,.
Maine Central R.R. 4s,


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

$10,000
1,000
5,000
10,000
10,000
5,000

Estimated
Market Value.

$11,500
1,150
6,325
10,300
10,000
5,275

00
00
00
00
00
00

Amount Invested.

$11,250
1,048
5,837
10,168
10,350
5,100

00
75
50
75
00
00


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Federal Reserve Bank of St. Louis

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

32

R E P O R T O F TH E

[Pub. D oc.

Bay State Savings Bank — Continued.

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

15 Atlas National Bank, Boston, .
5 Bo3-lston Nat’l Bank, Boston, .
10 Central National Bank, Boston,
5 Continental N’l Bank, Boston,
9 Eliot National Bank, Boston, .
7 Faneuil Hall N’l Bank, Boston,
10 Merchants’ N’l Bank, Boston, .
10 N’l Bank of Commerce, Boston,
10 National Bank of the Commonwealth, Boston,
10 N’l B’k of Redemption, Boston,
8 N’l B’k of the Republic, Boston,
8 N’l Hide & Leather B’k, Boston,
5 New England N’l B’k, Boston,
10 Old lioston N’i Bank, Boston,.
1 Suffolk National Bank, Boston,
3 Tremont Nat’l Bank, Boston, .

$1,500
500
1,000

Estimated
Market Value.

900
700
1,000
1,000

$1,500
520
1,190
25
1,260
868
1,630
1,100

00
00
00
00
00
00
00
00

1,000
1,000
800
800
500
1,000
100
150

1,890
1,180
1,120
856
700
1,000
109
30

00
00
00
00
00
00
00
00

—

$11,950

$14,978 00

Amount Invested.

$1,773 75
652 50
1,250 00

_

1,172
935
1,538
1,112

25
00
75
50

1,405
1,180
1,176
838
752
1,115
115
80

00
00
00
00
50
00
25
00

$15,096 50

Detailed Statement o f Railroad Bonds.
Par Value.

Chic., Burlington & Quincy R.R. 7s,
Chicago & Northwestern R.R. 7s, .
New York & New England R.R. 7s,
Old Colony R.R. 4s, .

Estimated
Market Value.

$15,000
10,000
10,000
10,000

$16,237
12,950
11,300
10,200

$45,000

$50,687 50

50
00
00
00

Amount Invested.

$16,493
13,100
11,437
10,387

75
00
50
50

$51,418 75

Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3¿s,


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

$5,000

Estimated
Market Value.

$5,750 00

Amount Invested.

$5,600 00

No. 8 .]

33

SA V IN G S B A N K CO M M ISSION ERS.

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

$41,630 83
319,725 00

Bate.

3 per cent.
5

Amount.

$4,300 00

Rate.

5£ per cent.

Amount.

$19,230 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each,
78
Aggregate amount of the same,
.
. ............................................................ $134,225
Total number of loans upon real e s t a t e , ............................................. 113
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
18,483
Times for the dividends fixed by the by-laws : March 1 and September 1.
Rate and amount of each semi-annual dividend f 2 per cent.,
$6,672 70 1
14,630
during the year ending Oct. 31, 1900,. .
i 2 per cent.,
7,958 11 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 445
Number of accounts closed during the year ending Oct. 31, 1900,
. 129
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,411
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
1,746
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
212,715
Number of s a m e , .......................................................................................... 2,454
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
92,690
Number of s a m e , ............................................................................................. 992
Date of examination by commissioner : June 15.


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

00

84
81

29
13

75

34

R E P O R T O F TH E

[Pub. D oc.

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. H e n r y F l e t c h e r , President.
W in t h r o p L . C h e n e r y , Treasurer.
T h o m a s W . D a y i s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J. H e n r y F l e t c h e r ,
Joh n K il b u r n ,
F r e d e r ic D o dg e,
C harles W . W
J o se p h 0 . W e l l in g t o n .

in n ,

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

.m .

Balance Sheet Oct . 31, 1900.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate, by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Premium account,
Cash on hand, .
.
.
.

$34,150
6,129
71,500
6,849
107,575
23,400
13,518
64
2,078
1,661

00
50
00
65
00
00
95
46
25
58

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

$258,498 71
4,400 00
3,390 66
638 02

$266,927 39

$266,927 39

Cash on Deposit in Bank : —
Faneuil Hall National Bank, Boston, .

.

.

.

s

.

.

.

$13,518 95

Detailed Statement o f Public Funds.

Par Value.

City of Brockton, Mass., 3ès, .
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Lynn, Mass., 4s, .
Town of Belmont, Mass., 4s, .
of Melrose, Mass., 4s, .
of Peabody, Mass., 4s, .
of Sharon, Mass., 4s,
of Winchester, Mass., 4s,


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

$4,150
2,000
5.000
9.000
8.000
3.000
2.000
5.000
1.000
$34,150

Estimated
Market Value.

$4,181
2,160
5,500
9,540
3,315
3,390
2,250
5,100
1,032

12
00
00
00
00
00
00
00
50

$36,468 62

Amount Invested.

$4,150
2,000
5.000
9.000
3.000
3.000
2.000
5.000
1.000

00
00
00
00
00
00
00
00
00

$34,150 00

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

35

Belmont Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

14
24
2
7
3
2
5
7

Par Value.

Blackstone Nat’l Bank, Boston,
Faneuil Hall Nat’l B’k, Boston,
Freeman’s 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,

$630
2,400
200
700
300
200
500
700
$5,630

Estimated
Market Value.

Amount Invested.

$350
2,976
200
980
321
192
385
679

$530
2,900
199
800
300
200
500
700

00
00
00
00
00
00
00
00

$6,083 00

00
00
50
00
00
00
00
00

$6,129 50

Detailed Statement o f Bailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4^s,
Boyer Valley R.R. 3¿s, .
Chicago, Burlington & Quincy R.R.
3 è s , ...........................................
Concord & Montreal R.R. 4s, .
Fitchburg R.R 4s, .
Fitchburg R.R. 5s, .
.
.
.
Illinois Central R.R. 8às,.
Maine Central R.R. 4s,
Maine Central R.R. 4¿s, .
Maine Central, European & North
American R.R. 4 s ,.
New York, New Haven & Hartford
R.R. 4s,...........................................
Old Colony R.R. 4s, .
Upper Coos R.R. 4¿s,

$4,000
3,000
5,000

Estimated
Market Value.

$4,347 50
3,765 00
5,025 00
50
00
25
00
00
00
50

Amount Invested.

$4,000 00
3,000 00
5,000 00
5,000
9,000
5,000
4,000
5,000
6,500
5,000

00
00
00
00
00
00
00

5,000
9,000
5,000
4,000
5,000
6,500
5,000

5,162
9,855
5,581
4,410
5,050
6,890
5,562

3,000

3,375 00

3,000 00

5,000
10,000
2,000

5,750 00
11,200 00
2,260 00

5,000 00
10,000 00
2,000 00

$71,500

$78,233 75

$71,500 00

Total Amount of Loans, with Each Specified Bate of Interest.

Amount.

$13,518 95
61,000 00

Rate.

2£ per cent.
5


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

“

Amount.

$33,725 00

Rate.

5^ per cent.

Amount.

$36,250 00

Rate.

6 per cent.

36

R E P O E T O F TH E

[Pub. D oc.

Belmont Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$6,849 65
Assessed value of the same.....................................................................................
8,750 00
Number of loans which are of an amount not exceeding $3,000 each,
88
Aggregate amount of the s a m e , ........................................................................
101,425 00
Total number of loans upon real e s t a t e , ............................................. 75
Amount of investments from which no income is received,
2,479 56
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
11,380 98
Times for the dividends fixed by the by-laws: third Wednesday in
January and July.
Rate and amount of each semi-annual dividend f 1| per cent.,
$4,019 02 )
8,222 58
during the year ending Oct. 31, 1900,
.
( I f per cent.,
4,203 56 )
Number of accounts opened during the yearending Oct. 31, 1900, .
88
Number of accounts closed duringthe year ending Oct.31, 1900,
.
43
Total number of open accounts Oct. 31, 1 9 0 0 , .................................... 916
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
705 46
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
43,089 31
Number of same............................................................................................. 790
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
30,467 66
Number of s a m e ,........................................................................................ 366
Date of examination by commissioner: January 18.


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

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

37

B E N J A M IN F R A N K L IN S A V IN G S B A N K — F R A N K L IN .
Incorporated Feb. 20, 1871.

Present number of corporators, 34.

D a v is T h a y e r , Jr., President.

C h a r l e s W . S t e w a r t , Treasurer.

C h a r l e s W . S t e w a r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a v is T h a y e r , Jr.,
C h ar le s St e w a r t ,
E l is h a P. C h a p m a n ,
G eorge W . W ig g in ,
E d w a r d H. S h e r m a n ,
B r a d l e y M. R o c k w o o d ,
A d e l b e r t D. T h a y e r .

Open for business every business day, 9

a

B a la n ce S h eet O ct.

.m .

m

.

; 1 to 4

p

.m .

31, 1900.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, not on interest,
Expense account,
Tax account,
.
.
.
.
Furniture account,
.
.
.
Cash on hand, .

to 12

L ia b il it ie s .

$5,256
27,779
28,975
156,262
11,000
24,663
156,900
174,197

25
32
00
50
00
76
00
18

5,000
195
576
542
600
530

00
26
47
89
00
00

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

$592,478 63

$557,226 72
28,217 86
5,842 03
988 99
203 03

$592,478 63

Cash on Deposit in Banks, amount in each: —
Mercantile Trust Company, B o s t o n ,...............................................................
National Bank of Redemption, B o s t o n , ......................................................
Franklin National Bank, F r a n k lin ,...............................................................

$82 16
28 62
84 48

Loans on Bank Stock, amount on each: —
40 shares Producers’ National Bank, Woonsocket, R. I.,
200 shares Hancock National Bank, Boston,
159 shares Franklin National Bank, Franklin, .
52 shares Federal Trust Company, Boston,
50 shares Beacon Trust Company, Boston,
34 shares National Exchange Bank, Providence, R. I.,

$500 00
2,375 00
25,000 00

1,100 00

Loan on Railroad Stock: —
98 shares Providence & Worcester R . R . , ......................................................$11,000 00


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

R E P O R T O F TH E

38

[Pub. D oc.

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

Par Value.

City of Youngstown, Ohio, 5s,

$5,000

Estimated
Market Value.

$5,100 00

Amount. Invested.

$5,256 25

Detailed Statement o f Bank Stocks.
03
O c>

Estimated
Market Value.

^ 55

14 Columbian Nat’l Bank, Boston,
5 Continental N’l Bank, Boston,.
70 Eliot National Bank, Boston, .
25 Howard Nat’l Bank, Boston, .
10 Market Nat’l Bank, Boston, .
27 N’l B’k o f Commerce, Boston, .
9 N’l Hide & Leather B’k, Boston,
10 Nat’l Revere Bank, Boston,
8 Shoe & Leather N’l B’k, Boston,
16 Tremont Nat’l Bank, Boston, .
23 Washington N’l Bank, Boston,
75 Franklin Nat’l Bank, Franklin,
12 Wrentham N’l B’k, Wrentham,

$112
-

7,000
1,750
820
2,700
900
230
800
800
2,300
7,500
840
$25,752

$98
25
9,800
375
200
2,970
963
50
976
160
2,369
8,775
840

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

$27,601 00

$154 00
-

9,345
1,093
220
3,051
978
150
712
335
2,530
8,250
960

00
57
00
00
75
00
00
00
00
00
00

$27,779 32

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Bennington & Rutland R.R. 41s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Boston, Revere Beach & Lynn R.R.
4 i s , ...........................................
Chicago, Burlington & Quincy
R.R. 5s, ...........................................
Fitchburg R.R. 4s, .
Illinois Central R.R. 4s, .
New York & New England R.R. 7s,
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
Upper Coos R.R. 41s,


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

$10,000
10,000
10,000

$11,500 00
11,500 00
12,650 00

$11,200 00
10,450 00
10,900 00

10,000

11,900 00

10,875 00

30,000
20,000
20,000
10,000

34,500
22,300
22,000
11,325

34,900
21,325
22,650
11,562

10,000
10,000

11,800 00
11,600 00

$140,000

00
00
00
00

00
00
00
50

11,700 00
10,700 00

$161,075 00 $156,262 50

No. 8 .]

39

S A Y IN G S B A N K COM M ISSION ERS

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

Amount.

$15,690 00
25.000 00
71.000 00

Kate.

4 per cent.
4é
“
4è
“

Amount.

$15,000 00
127,399 49

Rate.

4| per cent.
5
“

Kate.

Amount.

$3,475 00
118,507 69

6

per cent.
“

$21,640
Value, by books, of real estate, held or owned by foreclosure or otherwise,
27,045
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 234
148,415
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 180
16,084
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
24,872
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: first Monday in January
and July.
Rate and amount of each semi-annual dividend f 1| per cent.,
$9,166 98 1 18,449
during the year ending Oct. 31, 1900, .
. 1 1| per cent.,
9,282 40
Number of accounts opened during the year ending Oct. 31, 1900,
. 284
Number of accounts closed during the year ending Oct. 31, 1900,
. 226
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,285
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
2,199
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
96,015
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of same...................................................................................... 1,898
Amount of withdrawals, including dividends, during the year ending
102,149
Oct. 31, 1900............................................................................................................
Number of s a m e , .................................................................................1>427
Date of examination by commissioner : February 12.


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

04
00
69
79
88

38

16
01

39

R E P O R T O F TH E

40

[Pub. Doc.

BE H K SH IR E CO U N TY S A V IN G S B A N K — P IT T SF IE L D .

Incorporated Feb. 2, 1846.

Present number of corporators, 43.

J o se p h T u c k e r , President.
R o b e r t W . A d a m , Treasurer.
W i l l i a m L . A d a m , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W il l ia m H . S l o a n ,
C harles W . K ellogg,
R obert W . A d a m ,
A lexan der K ennedy,
L ev i A . Stev en s.

Open for business every business day, 9 a . m . to 3 p . m ., except Saturdays, from May 1
to December 1; on those days, 9 a . m . to 12 m .

B alance Sheet Oct . 31, 1900.

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, .
Boston Terminal Co. 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).........................................
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 .

$651,000
171,415
12,850
500.000
1,900
125.000

00
00
00
00
00
00

173.000
1,575
2,278,110
126,300

00
00
00
00

187,400
310
28,577
47,452
3,041
982

00
00
95
96
25
79

$4,308,914 95

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

$4,112,496 48
184,000 00
12,418 47

$4,308,914 95

Cash on Deposit in Banks, amount in each: —
Agricultural National Bank, Pittsfield,
Pittsfield National Bank, Pittsfield,
Third National Bank, Pittsfield, .
.
.
.
Berkshire Loan and Trust Company, Pittsfield,.


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

$17,754
10,040
19,658
28,577

14
81
01
95

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS

41

Berkshire County Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
40 shares Housatonic National Bank, S tockb rid ge,.................................... $2,300 00
5 shares Berkshire Loan and Trust Company, Pittsfield, .
.
.
.
500 00
12 shares Pittsfield National Bank, P itts fie ld ,.............................................
1,200 00
5 shares First National Bank, A d a m s , ......................................................
400 00
2 shares Pittsfield National Bank, P itts fie ld ,.............................................j
qq
5 shares Housatonic National Bank, S tock b rid ge,....................................i
3 shares Lee National Bank, Lee..............................................
300
00
9 shares Pittsfield National Bank, P itts fie ld ,....................
500
00
800
00
8 shares Pittsfield National Bank, P it t s f ie l d ,....................
20 shares Third National Bank, Pittsfield,.............................
1,500
00
20 shares Pittsfield National Bank, P itts fie ld ,.....................
2,000
00
2 shares Berkshire Loan and Trust Company,Pittsfield,.
.
.
.
150 00
8 shares Third National Bank, Pittsfield,.............................
400
00
10 shares Williamstown National Bank, Williamstown, .
.
.
.
600 00
20 shares Williamstown National Bank, Williamstown.................................)
i 500 00
13 shares First National Bank, A d a m s , ...................................................... i
’

Loans on Railroad Stock, amount on each: —
4 shares Boston & Albany R . R . , ...........................................................
1 share Boston & Albany R . R . , ...............................................................
22 shares Boston & Albany R . R . , ...............................................................

$300 00
100 00
1,500 00

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3s,
Massachusetts 3£s, .
New Hampshire 6s, .
City of Boston, Mass., 4s,
of Bridgeport, Conn., 3£s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s,.
of Grand Rapids, Mich., 4£s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Newton, Mass., 4s,
of Peoria, 111., 4s,
of Pittsfield, Mass., 4s,
of Taunton, Mass., 4s,
Town of Braintree, Mass., 4s, .
of Marlborough, Mass., 4s, .
of Spencer, Mass., 4s, .
of West Hartford, Conn., 4s,


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

$25,000
50,000
2,000
42,000
12,000
50,000
70,000
25,000
50,000
25,000
30,000
45,000
45,000
27,000
25,000
75,000
35,000
18,000
$651,000

*

Estimated
Market Value.

$25,250
56,365
2,161
45,570
12,360
50,500
71,400
28,000
51,997
28,025
32,400
46,687
47,475
28,080
28,000
81,000
37,975
18,180

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

$691,426 25

Legal investments when made.

Amount Invested.

$25,000
50,000
2,000
42,000
12,000
50,000
70,000
25,000
50,000
25,000
30,000
45,000
45,000
27,000
25,000
75,000
35,000
18,000

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

$651,000 00

[Pub. Doc.

R E P O R T O F TH E

42

Berkshire County Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

45
109
27
59
125
160
100
100
25
66
53
105
70
20
70
24
35
31
50
50
100
65
35
50
130
20
25
50
40
10

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston,
First National Bank, Boston, .
Merchants’ Nat’l B’k, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Com­
monwealth, Boston,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmnt Bank, Boston,.
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
First Nat’l Bank, Chicopee,
Hadley Falls National Bank,
Holyoke,
.
.
.
.
Lee National Bank, Lee, .
Adams N’l B’k, North Adams,
Agricultural N’l B’k, Pittsfield,
Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
Pittsfield N’l B’k, Pittsfield,
Third National B’k, Pittsfield, .
Agawam N’l B’k, Springfield,
Chapin Nat’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield, .
John Hancock National Bank,
Springfield, .
.
.
.
Springfield N’l B’k, Springfield,
Springfield Safe Deposit and
Trust Co., Springfield,
Housatonic National Bank,
Stockbri dge, .
.
.


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

Estimated
Market Value.

Amount Invested.

$4,500
10,900
1,215
5,900
12,500
6,000

$5,175
10,900
675
10,620
20,375
6,600

00
00
00
00
00
00

$4,500
10,900
1,215
5,900
12,500
6,000

00
00
00
00
00
00

10,000
10,000
2,500
6,600
5,300
10,500
7,000

00
00
00
00
00
00
00
00
00

10,000
10,000
2,500
6,600
5,300
10,500
7,000
7,000

00
00
00
00
00
00
00

7,000

18,900
14,000
2,675
11,088
5,088
14,700
12,180
160
9,450

2,400
3,500
3,100
5,000

3,000
5,775
3,565
12,250

00
00
00
00

2,400
8,500
3,100
5,000

00
00
00
00

5,000
10,000
6,500
3,500
5,000
13,000
2,000

6,250
15,000
13,000
1,750
6,500
20,150
2,100

00
00
00
00
00
00
00

5,000
10,000
6,500
3,500
5,000
13,000
2,000

00
00
00
00
00
00
00

-

00

2,500
5,000

2,625 00
10,000 00

2,500 00
5,000 00

4,000

6,000 00

4,000 00

1,000

1,450 00

1,000 00

$171,415

$252,001 00 $171,415 00

No. 8 .]

43

SA V IN G S B A N K CO M M ISSION ERS

Berkshire County Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Boston, Winthrop & Shore R.R. 5s,
Cleveland & Pittsburg R.R. 3^s,
Concord and Montreal R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R 3£s,.
Maine Central R.R. 4s,
Penobscot Shore Line R.R. 4s,
Rumford Falls & Rangeley Lakes
R.R. o s ,...........................................
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

$50,000
75,000
20,000
25,000
25,000
35,000
25,000
21,000
100,000
25,000
49,000

Estimated
Market Value.

$56,500
94,500
21,600
25,750
27,500
40,250
28,000
21,000
103,000
26,500
52,920

15,000
25,000
10,000

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$50,000
75,000
20,000
25,000
25,000
35,000
25,000
21,000
100,000
25,000
49,000

00
00
00
00
00
00
00
00
00
00
00

17,700 00
25,937 50
10,650 00

15,000 00
25,000 00
10,000 00

$500,000 $551,807 50

$500,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

$125,000

Estimated
Market Value.

Amount Invested.

$143,750 00 $125,000 00

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

$18,577 95
6,000 00

Kate.

2 per cent.
3$

Amount.

$66,500 00
120,900 00

Rate.

Amount.

Rate.

3J per cent.
4
“

$165,000 00
2,258,470 00

4£ per cent.
5
“

Amount invested in real estate for banking purposes,.................................... $173,000 00
Estimated value of the s a m e , ........................................................................
173,000 00
Assessed value of the s a m e ,.................................................................................
115,000 00
Net income received from same during year ending Oct. 31, 1900,
.
.
2,253 78
Value, by books, of other real estate, held or owned by foreclosure or
otherwise............................................................................................... ........
1,575 00
Assessed value of the same.....................................................................................
2,135 00
Number of loans which are of an amount not exceeding $3,000 each, 761
Aggregate amount of the same...............................................................................
939,345 00
Total number of loans upon real e s t a t e , ............................................. 876


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

44

R E P O R T O F TH E

[Pub. D oc.

Berkshire County Savings Bank — Concluded.
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per hooks,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of eachsemi-annual dividend f 1| per cent., $67,413 21 1
during the year ending Oct. 31,1900, .
. 1 If per cent.,
68,592 31 1
Number of accounts opened during the year ending Oct. 31, 1900,
1,798
Number of accounts closed during the year ending Oct. 31, 1900,
1,399
Total number of open accounts Oct. 31, 1900,
.
.
.
.
12,096
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
.
........................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .........................................................................................11,581
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , .......................................................................................... 8,258
Date of examination by commissioner : September 18.


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

$3,500 00
187,970 80
136,005 52

9,831 15
699,335 46

709,052 37

No. 8 .]

SA Y IN G S B A N K CO M M ISSIO N ERS.

45

B E V E R L Y S A V IN G S B A N K — BE V E R L Y .

Incorporated Feb. 23, 1867.

Present number of corporators, 64.

R o b e r t R . E n d ic o t t , President.
C h a r l e s H . K i l h a m , Treasurer.
C h a r l e s H. K i l h a m , Clerk o f the Corporation.

Names of 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 ,

G eorge B u tm an ,
R oland W . B o t d e n .

Open for business every business day, 8.30

B a l a n c e Sh e e t O c t .

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 ) ,....................................
Deposit in bank, not on interest,
Expense account,
Premium account,
Suspense account,
Cash on hand.................................

a .m .

to 1.30

p .m .

31, 1900.

L ia b il it ie s .

$119,800
180,880
2,500
349,000

00
00
00
00

20,000 00

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

$2,405,738 59
87,000 00
3,581 57
2,323 40

59,976 37
921,587 47
765,467 95
15,000
31,644
262
21,814

00
76
60
81
8,000 00
2,709 60

$2,498,643 56

$2,498,643 56

Cash on Deposit in Bank : —
$31,644 76

Beverly National Bank, Beverly,
Loans on Bank Stock, amount on each: —
15 shares Beverly National Bank, Beverly,
.
.
.
.
10 shares Gloucester Safe Deposit and Trust Company, Gloucester,
6 shares First National Bank, D a n v e r s ,.................................
2 shares Beverly National Bank, Beverly,
.
.
.
.


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

•j
.

$2,000 00
300 00

200 00

46

R E P O R T O F TH E

[Pub. D oc

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

Par Value.

City of Beverly, Mass., 4s,
of Kansas City, Mo., 4^s,.
of Peoria, 111., 4£s, .
of Terre Haute, Ind., 4s, .
Town of Peabody, Mass., 4s, .
of Watertown, Mass., 3£s,

136,000
50,000
6,000
20,000
1,000
6,800

Estimated
Market Value.

$38,520
57,000
6,420
21,600
1,020
6,970

00
00
00
00
00
00

$119,800 $131,530 00

Amount Invested.

$36,000
50,000
6,000
20,000
1,000
6,800

00
00
00
00
00
00

$119,800 00

Detailed Statement o f Bank Stocks.
O <L
>

Estimated
Market Value.

-

£ aa
200
100
66
100
50
20
50
50
100
30
100
78
190
33
20
50
50
66
25
60
50
18
177
71
67
87
60
67

Beverly Nat’l Bank, Beverly,.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Massachusetts N’l B’k, Boston,.
Massachusetts Loan and Trust
Company, Boston,
Merchants1 N’l Bank, Boston,.
N’l B’k of Commerce, Boston,.
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,.
Nat’l Hamilton Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,.
Shawmut N’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston,.
Winthrop N’l Bank, Boston, .
First National Bank, Lynn,
N’l Grand Bank, Marblehead,.
Asiatic Nat’l Bank, Salem,
First National Bank, Salem, .
Mercantile 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

$20,000
10,000
2,970
10,000

$29,000
10,000
1,650
10,000

00
00
00
00

5,000
2,000
5,000
5,000
3,000
10,000
7,300
19,000
3,300
2,000

5,800
3,260
5,500
5,900
400
4,200
9,200
7,811
31,920
3,168
2,800
400
6,100
7,194
250
9,000
5,500
2,070
4,779
5,325
6,901
1,740
7,500
5,360

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

5,000 00
2,000 00
5,000 00
5,000 00
_
3,000 00
10,000 00
7,300 00
28,500 00
3,300 00
2,000 00
_
5,000 00
6,600 00
1,250 00
6,000 00
5,000 00
1,800 00
5,310 00
7,100 00
6,700 00
4,350 00
6,000 00
6,700 00

$192,728 00

$180,880 00

-

5,000
6,600
1,250
6,000
5,000
1,800
5,310
7,100
6,700
4,350
6,000
6,700
$166,380

$20,000
10,000
2,970
15,000

00
00
00
00

No. 8 .]

47

S A Y IN G S B A N K CO M M ISSION ERS.

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

Par Value.

$10,000
10,000
50,000
25,000
10.000
15,000
30,000
20,000
50,000
39,000
35,000

Beech Creek R.R. 4s,
Boston & Lowell R R. 4s,.
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 5s,
Dexter & Piscataquis R.R. 4s, .
Erie & Pittsburg R.R. 3£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4és............................
Illinois Central R R. 8£s,.
Illinois Central R.R. 4s, .
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4£s,
Worcester, Nashua & Roch. R.R. 4s,

5,000
25,000
25,000
$349,000

Estimated
Market Value.

$11,000
10,625
51,000
28,750
11,100
15,300
32,750
22,500
50,000
43,290
38,850

00
00
00
00
00
00
00
00
00
00
00

6,650 00
29,000 00
28,250 00

Amount Invested.

$10,000
10,000
50,000
25,000
10,000
15,000
30,000
20,000
50,000
39,000
35,000

00
00
00
00
00
00
00
00
00
00
00

5,000 00
25,000 00
25,000 00

$379,065 00 $349,000 00

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

Rate.

Amount.

$115,000 00
127,000 00
264,027 04

4

41

per cent.
.<

4i

Amount.

Rate.

$106,859 15
25,000 00
601,346 57

4f per cent.
4|

“

5

“

Amount.

$ 2 0 ,0 0 0 00
141,243 47
304,079 19

Rate.

51 per cent.
“
“

H
6

Amount invested in real estate for banking purposes,.................................... $20,000 00
Estimated value of the s a m e , ........................................................................
25,000
Assessed value of the s a m e ,.................................................................................
26,625
Net income received from same during year ending Oct. 31, 1900,
.
.
821
Value, by books, of other real estate, held or owned by foreclosure or
otherwise.................................................................................................................
59,976
Assessed value of the s a m e ,.................................................................................
54,250
Number of loans which are of an amount not exceeding $3,000 each, 529
Aggregate amount of the s a m e , ........................................................................
536,515
Total number of loans upon real e s t a t e , ............................................. 584
Amount of investments from which no income is received,
.
.
.
37,750
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
106,347
Times for the dividends fixed by the by-laws : fourth Wednesday in April
and October.


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

00
00
11
37
00
47
17
27

48

R E P O R T O F TH E

[Pub. D oc.

Beverly Savings Bank — Concluded.
Rate and amount of each semi-annual dividend 5 1| per cent., $39,763 74
I $80,595 39
during the year ending Oct. 31, 1900,
.
c 1| per cent.,
40,831 65
Number of accounts opened during the year ending Oct. 31, 1900,
. 826
Number of accounts closed during the year ending Oct. 31, 1900,
. 615
Total number of open accounts Oct. 31,1900,
.
.
.
.
6,448
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
5,927 23
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
349,160 43
Number of s a m e ,................................................................................. 4,947
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
403,364 15
Number of s a m e , .................................................................................4,691
Date of examination by commissioner : January 2.


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

No. 8 .]

49

SA Y IN G S B A N K COM M ISSIONEKS

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

Incorporated April 7, 1854.

Present number of corporators, 48.

A l o n zo H . E v a n s , President.

J o se p h C . H o l m e s , Treasurer.

(Office vacant), Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A lo n zo H . E v a n s ,
N a t h a n ie l J. R u st ,
L eander B eal,
A . H . D avenport,
S a m u e l A . Ca r l e t o n ,
W i l l i a m R. D u p e e ,
W il m o t R. E v a n s .

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

B alan ce Sh eet Oct.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds,
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,
Real estate, rents and expenses,
Cash on hand, .
.
.
.

31, 1900.

$3,258,270
5,600
434,430
21,700
2,403,685
2,000

00
00
00
00
00
00

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

$26,722,260 58
1,331,117 90
48,843 16
745,233 38
5,463 43

195,000 00
12,092,293 79
8,700,804 45
586,450
1,116,233
636
4,835
30,980

00
74
25
01
21

$28,852,918 45

$28,852,918 45

Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston...............................
National Bank of the Commonwealth, Boston, .
Eliot National Bank, Boston,
.
.
.
.
Faneuil Hall National Bank, Boston, .
Mechanics’ National Bank, Boston, .


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

$26,453
101,289
37,013
66,445
5,607

94
90
48
65
19

[Pub. Doc,

R E PO R T O F TH E

50

Boston Five Cents Savings Bank — Continued.
|166,016
386,239
110,908
116,258
30.000

National Shawmut Bank, Boston,
Second National Bank, Boston, .
National Security Bank, Boston,.
Winthrop National Bank, Boston,
Pocasset National Bank, Fall River,
National Union Bank, Fall River,
First National Bank, Malden,
Pynchon National Bank, Springfield,

94
38
71
55
00

20.000 00
25.000 00
25.000 00

Loans on Public Funds, amount on each: —
$2,000 United States 4s.....................................
2.000 City of Boston, Mass., 5s,
2.000 Town of Winthrop, Mass., 5s, .

$

2,000 00

1,600 00
2,000 00

Loans on Bank Stock, amount on each: —
$

62 shares National Security Bank, Boston,
70 shares Atlas National Bank, Boston, .
100 shares Colonial National Bank, Boston,

6,200 00

5,500 00
10,000 00

Loan on Railroad Bonds : —
$2,000 Maine Central R.R. 7 s , ........................................................................ $2,000 00

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3s,
County of Middlesex, Mass., 4s,
City of Biddeford, Me., 4s,
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s, .
of Detroit, Mich., 7s,
of East Saginaw, Mich., 5s,
of Fall River, Mass., 3£s,
of Fall River, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s,.
of Keene, N. H., 4s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
o f Milwaukee, Wis., 4s, .
of Milwaukee, Wis., 5s, .
of New York, N. Y., 3^s,.


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

*

$80,000
80,000
50,000
440,000
81,270
- 134,000
109,000
123,000
20,000
21,000
8,000
120,000
225,000
126,000
248,000
100,000
33,000
151,000
10,000
22,000
206,000'
100,000

Estimated
Market Value.

$80,000
84,800
51,500
486,200
83,301
144,780
112,270
134,715
20,300
23,835
8,480
123,600
247,875
133,700
277,760
114,000
33,330
156,275
10,500
22,440
226,600
107,500

A legal investment when made.

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

Amount Invested.

$80,000
80,000
50,000
440,000
81,270
134,000
109,000
123,000
20,000
21,000
8,000
120,000
225,000
126,000
248,000
100,000
33,000
151,000
10,000
22,000
206,000
100,000

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

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

51

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

Par Value.

City of Northampton, Mass., 4s,
of Quincy, Mass., 4s,
of Salem, Mass., 5 s,.
of Somerville, Mass., 4s, .
of South Norwalk, Conn., 4s, .
Town of Beverly, Mass., 4s,
of Danvers, Mass., 5s, .
of Melrose, Mass., 4s, .
of No. Attleborough, Mass.
(Fire Dist.), 4s, .
of North Easton, Mass. (Village Dist.), 4s, .
of Spencer, Mass., 4s, .
of Walpole, Mass., 4s, .
of Weymouth, Mass., 4s,

$23,000
36,000
100,000
280,000
29,000
21,000
49,000
40,000

Estimated
Market Value.

$24,610
37,800
106,500
299,600
29,435
22,470
53,410
- 45,400

00
00
00
00
00
00
00
00

Amount Invested.

$23,000
36,000
100,000
280,000
29,000
21,000
49,000
40,000

00
00
00
00
00
00
00
00

72,000

76,680 00

72,000 00

42,000
5,000
24,000
50,000

44,730
5,425
24,480
52,500

42,000
5,000
24,000
50,000

00
00
00
00

00
00
00
00

$3,258,270 $3,506,801 75 $3,258,270 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

250
274
130
250
62
47
168
280
108
150
202
1Ô1
325
200
500
50
96
515
216
161
150

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston,.
N’l B’k of Commerce, Boston,
National Bank o f the Commonwealth, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,.
Nat’l Shawmut Bank, Boston,.
National Union Bank, Boston,
National Webster B’k, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk National Bank, Boston,


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

Estimated
Market Value.

$25,000
12,330
13,000
25,000
6,200
4,700
16,800

$25,000
6,850
13,520
45,000
6,200
7,661
18,480

00
00
00
00
00
00
00

28,000
10,800
15,000
10,100
32,500
20,000
50,000
5,000
9,600
51,500

52,920
12,744
21,000
808
14,140
34,775
24,600
84,000
6,650
9,216
89,610
1,728
17,227
16,350

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

_

16,100
15,000

Amount Invested.

$25,000
5,330
13,000
25,000
6,200
4,700
16,800

00
00
00
00
00
00
00

28,000 00
10,800 00
15,000 00

_

10,100
32,500
20,000
50,000
5,000
9,600
51,500

00
00
00
00
00
00
00

_

16,100 00
15,000 00

52

R E P O R T O F TH E

[Pub. Doc

Boston Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

53
150
150
380
50
100

Par Value.

Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Winthrop Nat’l Bank, Boston,
First N’l Bank, Marlborough,.
Third N’l Bank, Springfield, .

$5,300
7,500
15,000
38,000
5,000
10,000
$147,430

Estimated
Market Value.

$5,141
1,500
15,450
57,000
5,500
22,500

Amount Invested.

00
00
00
00
00
00

$5,300
1,500
15,000
38,000
5,000
10,000

00
00
00
00
00
00

$615,570 00 $434,430 00

Detailed Statement o f Railroad Bonds.
Par Value.

.
Boston & Albany R.R. 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Chic. Burlington & Quincy R.R. 4s,
Eastern R.R. 6s,
. . .
Illinois Central R.R, 3 ¿ s ,.
Manchester & Lawrence R.R. 4s, .
New York & New England R.R. 6s,
Old Colony R.R. 4s, .

Estimated
Market Value.

Amount Invested.

$300,000 $307,500 00 $300,000 00
6,810 00
6,000
6,000 00
102,837 50
95.000
95.000 00
345.000 00
300.000
300.000 00
63,250 00
50.000
50.000 00
124,950 00
119.000
119.000 00
79,440 90
69,685
69,685 00
200.000
200.000 00
200.000 00
174.000
192,270 00
174.000 00
290.000
317,550 00
290.000 00
800.000
888,000 00 800.000 00
$2,403,685 $2,627,608 40 $2,403,685 00

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

$1,010,626
30,607
40,000
40,000
50,000
1,867,750
215,000
100,000

Kate.

55
19
00
00
00
00
00
00


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

2 per cent.
2£
3%o «
385/100 “
3|
“

H
31

3%o

“
“

Amount.

$1,042,500
111,000
8,384,404
995,000
3,124,100
107,000
1,890,550
7,000

Rate.

00
00
45
00
00
00
00
00

3| per cent.
3J
4

“
“

46
4¿

“

4f

4¿
4fî

«
“
«
“

Amount.

$1,041,942
2,023,841
9,600
170,150
174,220
86,090
2,000
1,700

Kate.

50
29
00
00
00
00
00
00

4f per cent.
5
56
5i

5è
6
6¿
6è

“

“

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

53

Boston Five Cents Savings Bank — Concluded.
Amouut invested in real estate for banking purposes,.................................... $195,000
225.000
Estimated value of the s a m e , ........................................................................
315.000
Assessed value of the s a m e ,.................................................................................
1,351
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 437
809,464
Aggregate amount of the same..............................................................................
Total number of loans upon real e s t a t e , ............................................. 903
904
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 9 0 0 , ............................................................... 1,143,486
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f If per cent., $422,410 09 { 853,460
during the year ending Oct. 31, 1900, .
. I If per cent., 431,050 01
Number of accounts opened during the year ending Oct. 31, 1900,
17,152
Number of accounts closed during the year ending Oct. 31, 1900,
12,330
Total number of open accounts Oct. 31, 1900,
.
.
.
.
165,380
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
68,516
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,.......................................................................................... 6,227,332
Number of same......................................................................................
155,987
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , .................................................................................................. 6,236,285
Number of same......................................................................................
120,421
Date of examination by commissioners: October 24 and 25.


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

00
00
00
90
45
45
14

10

34
94

08

54

R E P O R T O F TH E

[Pub. Doc.

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, 87.

J o h n R e y n o l d s , President.
W m . H . D u r k e e , Treasurer.
Louis M. C l a r k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
T h o m a s N. H a r t .
John R ey n o ld s,
L e w is F. P e r r y ,
W i l l i a m A . R u st ,
A l b e r t H . H ig g i n s .

Open for business every business day except Saturdays, 9
9

a

.m .

B alan ce Sh eet Oct.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand.................................

a .m .

to 3

p

.m . ;

Saturdays,

to 12 M.

31, 1900.

L ia b il it ie s .

$50,000
32,713
500
50,000

00
00
00
00

125,000
1,654,018
677,806
67,772
913
5,069

00
53
90
58
96
12

Deposits, .
Guaranty fund,
Interest account,

$2,663,794 09

$2,558,341 71
85,400 00
20,052 38

$2,663,794 09

Cash on Deposit in Banks, amount in each: —
Mount Vernon National Bank, B o s t o n , ...................................................... $20,403 19
National Bank of the Commonwealth, B o sto n ,.............................................
47,369 39
Loan on Bank Stock: —
5

shares Mechanics’ National Bank, B o s t o n , .........................................


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

$500 00

No. 8 .]

55

SA Y IN G S B A N K COM M ISSION ERS

¡Boston Penny Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Malden, Mass., 4s,

$50,000

Estimated
Market Value.

Amount Invested.

$60,000 00

$50,000 00

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

42
50
50
25
37
100
32
11
20

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
Nat’l B’k of Commerce, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .

$4,200
5,000
-

2,500
3,700
10,000
3,200
1,100
1,000
$30,700

Estimated
Market Value.

$4,830
5,000
150
4,075
4,070
10,700
3,072
1,177
200

Amount Invested,

00
00
00
00
00
00
00
00
00

$4,830 00
5,000 00

$33,274 00

$32,713 00

__

3,600
4,070
10,700
3,136
1,177
200

00
00
00
00
00
00

Detailed Statement o f Railroad Bonds.

Illinois Central R.R. 3£s,.

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000

$51,000 00

$50,000 00

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

$67,772 58
120,000 00
68,000 00

Bate.

2
4

per cent.
“

4i


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

“

Amount.

Bate.

$342.800 00
56,736 03
1,454,189 40

4J per cent.
54

Amount.

$25,000 00
67,600 00
198,000 00

Bate.

5% per cent.
54
“
6
»

56

R E P O R T O F TH E

[Pub. D oc

Boston Penny Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................... $125,000 00
Estimated value of the same,.................................................................................
120,000 00
Assessed value of the s a m e ,.................................................................................
82,000 00
Net income received from same during year ending Oct. 31, 1900,
.
.
3,886 76
Number of loans which are of an amount not exceeding $3,000 each, 102
Aggregate amount of the s a m e , ........................................................................
197,550 00
Total number of loans upon real e s t a t e , ............................................. 316
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
109,511 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 1| per cent., $40,355 42 1 gj gg9 ^g
during the year ending Oct. 31, 1900, .
. 1 If per cent.,
41,333 76 i
’
Number of accounts opened during the year ending Oct. 31, 1900,
2,181
Number of accounts closed during the year ending Oct. 31, 1900,
1,866
Total number of open accounts Oct. 31, 1900,
.
.
.
.
10,104
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
9,749 19
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
601,732 04
Number of s a m e , ................................................................................. 15,419
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900...........................................................................................................
573,477 33
Number of s a m e , .................................................................................10,324
Date of examination by commissioner : April 17.


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

No. 8 .]

57

S A Y IN G S B A N K CO M M ISSION ERS.

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, 37.

B e n j a m in F . D y e r , President.
C . H . H o b a h t , Treasurer.
C. H . H o b a r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
B e n j a m in F . D v e r ,
L . B . H o l l is .

N . H . H unt,

Open for business every business day, 8

a .m .

B alan ce Sh eet Oct.

to 6

p .m .

81, 1900.

L ia b il it ie s .

A ssets.

$23,000 00
25,725 00
70,000 00

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Insurance account,
Premium account,
Cash on hand, .
.
.
.

20,000 00

158,291 00
10,600 00

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

$296,064 13
9,754 08
6,750 80
2,608 01

6,200 00

4 20
15 00
1,000 00

341 82
$315,177 02

$315,177 02

Cash on Deposit in Bank : —
National Shawmut Bank, B o s t o n , ............................................................... $6,200 00

Detailed Statement o f Public Funds.
Par Value.

County of Aroostook, Me., 44s,
City of Boston, Mass., 4s,
of Kansas City, Mo., 44s,.
of Worcester, Mass, 44s,.
Town of Braintree, Mass., 4s, .
of Chatham, Mass., 44s,.


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

$5,000
5.000
5.000
2.000
5.000
1.000
$23,000

Estimated
Market Value.

$5,550
5,500
5,675
2,110
5,620
1,020

00
00
00
00
00
00

$25,475 00

Amount Invested.

$5,000
5.000
5.000
2.000
5.000
1.000

00
00
00
00
00
00

$23,000 00

58

R E P O R T O F TH E

[Pub. Doc

Braintree Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

20 Blackstone N’l Bank, Boston, .
23 Central Nat’l Bank, Boston,
15 Freeman’s Nat’l Bank, Boston,
20 Manufacturers’ N’l B’k, Boston,
7 Merchants’ N’l Bank, Boston, .
28 Mt. Yernon N’l Bank, Boston,.
8 Nat’l Exchange Bank, Boston,
10 N’l Hide & Leather B’k, Boston,
36 Nat’l Shawmut Bank, Boston,.
45 Shawmut Nat’l Bank, Boston,.
25 Shoe & Leather N’l B’k, Boston,
15 State National Bank, Boston, .
17 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,

Estimated
Market Value.

$900
2,300
1,500

Amount Invested.

700
2,800
800
1,000
3,600
_
2,500
1,500
850
800
2,500

$500
2,737
1,500
60
1,141
2,800
1,120
1,070
6,048
360
3,050
1,605
170
1,200
2,850

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

700 00
2,800 00
800 00
1,000 00
5,400 00
_
2,500 00
1,500 00
425 00
800 00
2,500 00

1,600
1,100

2,240 00
935 00

1,600 00
1,100 00

$24,450

$29,386 00

$25,725 00

_

$800 00
2,300 00
1,500 00
-

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Maine R,R, 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s, .
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, .
Penobscot Shore Line R.R. 4 s,.
Portsmouth, Great Falls & Conway
R.R. 4£s,
.
.
.
.
.
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

Amount Invested.

$5,000
1,000
8,000
3,000
5,000
2,000
3,000
5,000
5,000
10,000
3,000

$5,712
1,095
8,664
3,107
5,037
2,120
3,337
5,475
6,100
11,450
3,225

00
00
00
00
00
00
00
00
00
00
00

$5,000
1,000
8,000
3,000
5,000
2,000
3,000
5,000
5,000
10,000
3,000

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

5,000
5,000
5,000
5,000

6,150
5,650
5,162
5,600

00
00
00
00

5,000
5,000
5,000
5,000

00
00
00
00

$70,000

A.

Estimated
Market Value.

$77,884 00

legal Investment when made.

$70,000 00

No. 8 .]

59

SA Y IN G S B A N K CO M M ISSION ERS.

Braintree Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 8às,

$20,000

Estimated
Market Value.

Amount Invested.

$23,000 00

$20,000 00

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

Eate.

Amount.

$6,200 00
10,000 00

2
4é

per cent.
“

Amount.

$93,800 00
1,000 00

Kate.

5 per cent.
5h
“

Kate.

Amount.

$62,691 00
1,400 00

6 per cent.
7

Number of loans which are of an amount not exceeding $3,000 each, 138
Aggregate amount of the s a m e , ........................................................................ $135,091
Total number of loans upon real e s t a t e , .............................................143
Gross amount of interest or profits received or earned, as per books,
14,539
during year ending Oct. 3 1 , 1 9 0 0 , ...............................................................
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.,
$5,479 23 1
11,044
during the year ending Oct. 31, 1900,.
. 1 2 per cent.,
5,565 00 I
Number of accounts opened during the year ending Oct. 31, 1900,
. 156
Number of accounts closed during the year ending Oct. 31, 1900,
. 110
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,035
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
830
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
65,962
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ................................................................................. 1,018
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 0 , ...................................................................................................
Number of s a m e , .........................................................................................942
Date of examination by commissioner: January 17.


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

00

34
23

81
20

72,256 63

60

R E P O R T O F TH E

[Pub. D oc.

B R ID G E W A T E R S A V IN G S B A N K — B R ID G E W A T E R .

Incorporated March 19, 1872.
L afayette K

Present number of corporators, 21.

President.
S a m u e l P. G a t e s , Treasurer.
G e o r g e M. H o o p e r , Clerk o f the Corporation.

e it h ,

Names of committee charged with the investment of its funds:
Sa m u e l P . G a t e s ,
J ohn H . F a ir b a n k s ,
P a u l O . Cl a r k ,
E d w a r d A . H e w it t ,
G ustavu s J. L o w e .

Open for business every business day, 7.30 a .m . to 12.30

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.

p .m .

; 1.30 to 6 f . m .

31, 1900.

L ia b il it ie s .

$71,000
50,916
100
124,000

00
75
00
00

5,450
13,200
349,964
70,603
50
4,442
347
4,203

00
00
79
29
00
97
45
66

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

$694,278 91

$660,153 03
32,100 00
838 94
1,130 94
56 00

$694,278 91

Cash on Deposit in Bank: —
First National Bank, Boston,

$4,442 97

Loan on Bank Stock: —
1 share Wachusett National Bank, Fitchburg,


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

.

$100 00

No. 8 .]

61

SA Y IN G S B A N K COM M ISSIONERS

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

Par Value.

City of
of
of
of
of
of
of
of
of
of
of

Bay City, Mich., 5s,
Boston, Mass., 5s,
Canton, Ohio, 5s, .
Chicago, 111., 4s, .
Cleveland, Ohio, 5s,
Dayton, Ohio, 5s,.
Kansas City, Mo., 4ès,.
Lewiston, Me., 5s,
Milwaukee, Wis., 5s, .
Saginaw, Mich., 5s,
Springfield, Ohio, 5s, .

*

Estimated
Market Value.

$10,000
5,000
5,000
5,000
5,000
5,000
10,000
5,000
15,000
1,000
5,000

$12,100
5,500
5,325
5,525
5,100
5,850
11,400
6,100
16,885
1,050
5,900

00
00
00
00
00
00
00
00
00
00
00

$71,000

$80,735 00

Amount, Invested.

$10,000
5,000
5,000
5,000
5,000
5,000
10,000
5,000
15,000
1,000
5,000

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

$71,000 00

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

13
50
44
10
40
20
10
30
20
6
69
24
10
30
10
30
22
25

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,
Merchants’ N’l Bank, Boston,.
N’l B’k of Redemption, Boston,
Nat’l Rockland Bank, Boston,
National Security B’k, Boston,
Nat’l Shawmut 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 National B’k, Brockton,
Blue Hill Nat’l Bank, Milton,.
8 Plymouth N’l Bank, Plymouth,
36 Bristol Co. N’l Bank, Taunton,


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

Par Value.

$1,300
2,250
4,400
1,000
4,000
2,000
1,000
3,000
2,000
600
6,900
-

1,000
3,000
1,000
3,000
2,200
2,500
800
3,600
$45,550

Estimated
Market Value.

$1,326
1,250
4,576
1,240
4,400
2,000
1,630
3,540
2,460
1,440
11,592
192
770
3,210
1,030
3,420
3,850
2,950
840
4,320

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

$56,036 00

Amount Invested.

$1,300
2,250
5,546
1,000
4,000
2,000
1,000
3,000
2,770
600
10,350

00
00
75
00
00
00
00
00
00
00
00

-

1,000
3,000
1,000
3,000
2,200
2,500
800
3,600

00
00
00
00
00
00
00
00

$50,916 75

[Pub. D oc.

R E P O R T O F TH E

62

Bridgewater Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Bennington & Rutland R.R. 4ès,
Boston & Maine R.R. 4és,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Fitchburg R.R. 4s, .
Fitchburg R.R. 4Js, .
.
.
.
Fitchburg R.R. 5s, .
Illinois Central R.R. 3és, .
Illinois Central R.R. 4s, .
Illinois Central R.R. 5s, .
Maine Central R.R. 7s,
New York & New England R.R. 6s,
Old Colony R.R. 4s, .
Old Colony R.R. 4ès,
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R, 4£s,

Estimated
Market Value.

Amount Invested.

$5,000
10,000

$5,750 00
12,650 00

$5,000 00
10,000 00

10,000
5,000
4,000
5,000
10,000
15,000
5,000
20,000
5,000
10,000
5,000

11,900
5,150
4,500
5,525
10,000
16,800
5,450
26,900
5,475
11,450
5,200

10,000
5,000
4,000
5,000
10,000
15,000
5,000
20,000
5,000
10,000
5,000

10,000
5,000

13,300 00
5,800 00

$124,000

00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00

10,000 00
5,000 00

$145,850 00 $124,000 00

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

$1,065 79
4,442 97
2 0 ,0 0 0 00

Kate.

0

U
4è

per cent.
“
“

Amount.

Kate.

$207,250 00
23,000 00
168,602 29

5 per cent.
5è
“
6
“

Rate.

Amount.

$800

00

7 per cent.

Amount invested in real estate for banking purposes,.................................... $5,450 00
Estimated value of the s a m e , ........................................................................
5,450
Assessed value of the s a m e ,.................................................................................
6,000
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
13,200
Assessed value of the s a m e ,.................................................................................
8,150
Net income received from same during year ending Oct. 31, 1900,
.
.
725
Number of loans which are of an amount not exceeding $3,000 each, 267
Aggregate amount of the s a m e , ........................................................................
230,318
Total number of loans upon real e s t a t e , ............................................. 251
Amount of investments from which no income is received, .
.
.
.
19,065
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
32,306
Times for the dividends fixed by the by-laws : April 1 and October 1.


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

00
00
00
00
39
08
79
62

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

63

Bridgewater Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $12,027 85 ? „,21 491 q5
during the year ending Oct. 31, 1900,
.
1 1^ per cent.,
9,393 20 )
’
°
Number of accounts opened during the year ending Oct. 31, 1900,
. 295
Number of accounts closed during the year ending Oct. 31, 1900,
. 195
Total number of open accounts Oct. 31, 1900...................................
2,095
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
.........................................................................................
2,194 87
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900..............................................................................................
144,453 86
Number of s a m e ,................................................................................. 2,028
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
127,933 58
Number of s a m e ,................................................................................. 1,691
Date of examination by commissioner: April 9.


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

64

R E P O R T O F TH E

[Pub. Doc,

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

arren

Present number of corporators, 80.

S a n b o r n , President.
G e o r g e E. B r o c k , Treasurer.
G e o r g e E. B r o c k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
N. W

a r r e n Sa n b o r n ,
F rank G. New h a ll,
B e n ja m in M. F i s k e ,
G r a n v il l e A . F u l l e r ,
W ebster F . W a r r e n .

Open for business every business day except Saturdays, 9 a . m . to 12
Saturdays, 9 a . m . to 12 m . ; and for deposits only, 7 to 9

B a l a n c e Sh e e t O c t .

; 2 to 4

p .m .

$110,800
22,645
270,619
37,400

00
00
50
00

7,000
552,705
45,600
49,028
941
500
4,005

00
00
00
86
67
00
16

$1,101,245 19

31, 1900.

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rent account, .
Suspense account, .
Due on mortgage
loans, .

$1,053,715 36
24,900 00
15,310 78
3,836 56
121 29
261 20
3,100 00

$1,101,245 19

Cash on Deposit in Bank : —
National Market Bank of Brighton, B o s t o n , ............................................. $49,028 86


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

;

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

m.

p .m .

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS

65

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

Par Value.

County of Aroostook, Me., 4¿s,
City of Belfast, Me., 4s, .
of Boston, Mass., 4s,
of Bridgeport, Conn., 4 s,.
of Brockton, Mass., 4s, .
of Central Falls, R. I., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s, .
of Cleveland, Ohio, 5s,
of Everett, Mass., 4s.,
of Kansas City, Mo., 4¿s,.
of Lynn, Mass., 4s, .
of Newton, Mass., 4s,
of Saginaw, Mich., 5s,
Town of Winchester, Alass., 4s,

$5,000
10,000
5,000
5,000
5,000
5,000
2,000
10,000
5,000
3,000
5,000
25,000
6,000
10,000
4,800
5,000
$110,800

Estimated
Market Value.

$5,600
11,100
5,650
5,675
5,370
5,350
2,140
11,050
5,585
3,120
5,650
28,500
6,240
11,800
4,872
5,440

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

Amount Invested.

$5,000
10,000
5,000
5,000
5,000
5,000
2,000
10,000
5,000
3,000
5,000
25,000
6,000
10,000
4,800
5,000

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

$123,142 00 $110,800 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

8 Blackstone N’l Bank, Boston, .
12 Boylston Nat’l Bank, Boston, .
5 Central National B’k, Boston,.
15 Eliot National Bank, Boston, .
14 Freeman’s Nat’l Bank, Boston,
25 Lincoln National Bank, Boston,
10 Merchants’ N’l Bank, Boston, .
30 Metropolitan N’l Bank, Boston,
15 N’l Hide & Leather B’k, Boston,
30 Nat’l Market B’k of Brighton,
Boston,..................................
13 National Webster B’k, Boston,
18 Old Boston N’l Bank, Boston, .
13 Shoe & Leather N’l B’k, Boston,
21 Shawmut Nat’l Bank, Boston, .
10 State National Bank, Boston, .
6 Suffolk National Bank, Boston,
16 Third National Bank, Boston,.
12 Tremont Nat’l Bank, Boston, .
5 First National Bank, Lynn,
4 Union Market National Bank,
Watertown, .
.
.
.


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

Estimated
Market Value.

Amount Invested.

$360
1,200
500
1,500
1,400
250
1,000
3,000
1,500

$200
1,248
595
2,100
1,400
75
1,630
3,000
1,605

00
00
00
00
00
00
00
00
00

$360
1,200
500
1,500
1,400
250
1,000
3,000
1,500

3,000
1,300
1,800
1,300
_
1,000
600
1,600
600
500

3,000
1,248
1,800
1,586
168
1,070
654
1,552
120
550

00
00
00
00
00
00
00
00
00
00

3,000 00
1,300 00
1,800 00
1,300 00
_
1,000 00
600 00
1,435 00
600 00
500 00

400

540 00

400 00

$22,810

$24,141 00

$22,645 00

Par Value.

00
00
00
00
00
00
00
00
00

66

[Pub. Doc

K E PO R T O F TH E

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,
Chic., Burlington & Quincy R.R. 34s,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 7s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 44s, .
.
.
.
Fitchburg R.R. 5s, :
Illinois Central R.R. 34s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 5s,
Maine Central R.R. 7s,
Maine Central and European &
North American R.R. 4s,
New York Central R.R. 7s,
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4 s,.
Portsmouth Great Falls & Conway
R.R 4 4 s , ...................................
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................
Troy & Boston R.R. 7s, .

Estimated
Market Value.

Amount Invested.

$10,000
30,000
7,000
3,000
10,000
10,000
10,000
10,000
32,000
4,000
6,000
10,000
20,000
16,000
1,500
6,000

$10,750
32,540
8,015
3,225
10,250
11,050
10,850
11,000
35,380
4,500
6,540
10,000
22,300
16,880
1,732
8,070

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

$10,000
30,000
7,000
3,000
10,100
11,075
11,125
9,997
33,482
4,000
6,022
9,962
22,425
16,000
1,500
6,000

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

10,000
5,000
8,000
9,000
10,000

11,300
5,350
9,060
10,155
10,800

00
00
00
00
00

10,000
5,487
8,000
9,000
10,900

00
50
00
00
00

10,000

12,400 00

10,000 00

10,000
10,000

13,300 00
15,400 00

10,000 00
15,542 00

$257,500

$290,847 50

$270,619 50

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 34s,

$35,000

Estimated
Market Value.

Amount Invested.

$40,250 00

$37,400 00

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

Amount.

$49,028 86
15,000 00

Rate.

2 per cent.
34
“


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

Amount.

$5,000 00
441,800 00

Rate.

44 per cent.
5
“

Amount.

$43,250 00
93,255 00

Rate.

54

6

per cent.
“

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS.

67

Brighton Five Cents Savings Bank — Concluded.
Amount invested in real estate for banking purposes,
.
.
.
.
$ 7,000 00
Estimated value of the s a m e , ........................................................................
7,000 00
Assessed value of the s a m e ,.................................................................................
7,400 00
Net income received from same during year ending Oct. 31, 1900,
16 36
Number of loans which are of an amount not exceeding .$3,000 each, 168
Aggregate amount of the s a m e , ........................................................................
259,005 00
Total number of loans upon real e s t a t e , .............................................221
Amount of investments from which no income is received, .
.
.
.
11,210 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
45,063 54
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., $16,840 57 j
35,175 41
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
18,334 84 I
Number of accounts opened during the year ending Oct. 31, 1900,
. 759
Number of accounts closed during the year ending Oct. 31, 1900,
. 421
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,394
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
2,973 86
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
288,261 25
Number of s a m e , ..........................................................................................5,705
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
180,998 24
Number of same............................................................................................... 3,261
Date of examination by commissioner: January 23.


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

68

[Pub. D oc

R E P O R T O F TH E

BR ISTOL C O U N TY S A V IN G S B A N K — T A U N T O N .
Incorporated March 2, 1846.
J o se p h E. W

Present number of corporators, 73.

President.
A l f r e d C. P l a c e , Treasurer.
A l f r e d C. P l a c e , Clerk o f the Corporation.

il b a r ,

Names of committee charged with the investment of its funds :
J o se p h E . W i l b a r ,
Z acheus S h e r m a n ,
W il l ia m H . F o x ,
E zra D avol,
S il a s D . P r e s b r e t .

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

a .m .

to 1 p . m . ; Saturdays,

B a l a n c e S h e e t , O c t . 3 1 ,1 9 0 0 .

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $1,093,000 00
301,450 00
Bank stock, as per schedule,
6,050 00
Loans on bank stock,
720,000 00
Railroad bonds, as per schedule,
219,000 00
Boston Terminal Co. bonds,
Real estate (for banking pur­
25,000 00
poses),
....................................
1,274,775 00
Loans on real estate, .
1,283,060 00
Loans on personal security,
Loans to counties, cities or towns
61,850 00
( n o t e s ) ,....................................
147,029 15
Deposits in banks, on interest, .
647 38
Expense account,
5,046 30
Cash on hand, .
.
.
.
$5,136,907 83

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

$4,848,909 62
244,100 00
25,771 13
18,127 08

$5,136,907 83

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
National Exchange Bank, Boston,
Holyoke National Bank, Holyoke,
Pynchon National Bank, Springfield, .
Bristol County National Bank, Taunton,

.

$58,990
23,369
15.000
25.000
24,669

89
09
00
00
17

Loans on Bank Stock, amount on each: —
50 shares Taunton National Bank, Taunton,
10 shares Taunton National Bank, Taunton,
7 shares Taunton National Bank, Taunton,


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

$5,000 00
650 00
400 00

No. 8 .]

69

SA Y IN G S B A N K COM M ISSION ERS

Bristol County Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

$50,000
30,000
5,000
50,000
100,000
50,000
50,000
20,000
50,000
25,000
50,000
50,000
25,000
25,000
20,000
50,000
25,000
25,000
35,000
15,000
30,000
10,000
50,000
20,000
23,000
20,000
20,000
50,000
50,000
50,000
20,000

Massachusetts 3ès, .
.
.
.
City 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 Gloucester, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4s, .
of Kansas City, Mo., 4£s,.
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Manchester, N. H., 4 s,.
of Minneapolis, Minn., 4s,
of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of New London, Conn., 4s,
of Newport, R. L, 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.. 4s, .
Town of Cranston, R. I., 4s,
of Rockland, Mass., 4s, .

Estimated
Market Value.

$56,000
32,575
5,725
53,750
107,875
50,300
51,700
20,400
55,750
26,187
56,250
53,500
26,250
28,375
20,800
53,250
27,125
27,375
39,987
15,225
32,925
10,325
55,625
21,000
25,127
20,700
22,400
55,387
54,325
55,000
21,500

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

Amount Invested.

$50,000
30,000
5,000
50,000
100,000
50,000
50,000
20,000
50,000
25,000
50,000
50,000
25,000
25,000
20,000
50,000
25,000
25,000
35,000
15,000
30,000
10,000
50,000
20,000
23,000
20,000
20,000
50,000
50,000
50,000
20,000

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

$1,093,000 $1,182,715 00 $1,093,000 00

*

Legal investments when made.

No. o f I
Shares. 1

Detailed Statement o f Bank Stocks.

100
100
50
25
100
100

Par Value.

Atlantic Nat’l Bank, Boston,
Atlas National Bank, Boston,
Boylston Nat’l Bank, Boston,
Eliot National Bank, Boston,
Everett Nat’l Bank, Boston,
Faneuil Hall N’l B’k, Boston,


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

.
.
.
.

.
.

$10,000
10,000
5,000
2,500
1,600
10,000

Estimated
Market Value.

$11,500
10,000
5,200
3,500
100
12,400

00
00
00
00
00
00

Amount Invested.

$10,000
10,000
5,000
2,500
1,600
10,000

00
00
00
00
00
00

70

K EPO K T O F TH E

[Pub. D oc

Bristol County Savings Bank— Continued.

Ko. of
Shares.

Detailed Statement o f Bank Slocks — Concluded.

100
31
150
100
50
100
150
100
100
100
50
200
100
100
100
50
100
25
100
50
30
100
150
150
100

Par Value.

First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Metropolitan N’l Bank, Boston,
Mt. Vernon 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,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,
Nat’l Shawmut Bank, Boston,
National Union 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,.
First N’l Bank, North Easton,
Bristol Co. N’l Bank, Taunton,
Machinists’ N’l Bank, Taunton,
Taunton Nat’l Bank, Taunton,
Third Nat’l Bank, Springfield,

$10,000
3,100
15,000
10,000
5,000
10,000
15,000
10,000
10,000
10,000
5,000
20,000
10,000
10,000
10,000
-

.

10,000
1,250
10,000
5,000
3,000
• 10,000
15,000
15,000
10,000
$271,450

Estimated
Market Value.

$18,000
3,100
24,450
10,000
5,000
11,000
17,700
14,000
14,000
10,700
6,150
33,600
13,300
11,900
17,400
400
10,700
250
10,300
5,250
3,750
12,000
24,000
21,750
22,500

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

Amount Invested.

$20,000
3,100
20,000
10,000
5,000
10,000
15,000
10,000
10,000
10,000
5,000
30,000
10,000
10,000
15,000

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

—

10,000
1,250
10,000
5,000
3,000
10,000
15,000
15,000
10,000

00
00
00
00
00
00
00
00
00

$363,900 00 $301,450 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, ,
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R R. 3£s,.
Maine Central R.R. 4s,
Maine Central R.R. 4^s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................


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

$50,000
50,000
50,000
50,000
50,000
40,000
60,000
50,000
25,000
25,000
50,000

Estimated
Market Value.

$56,500
51,625
56,750
54,875
54,750
43,750
63,850
50,375
26,500
27,812

00
00
00
00
00
00
00
00
00
50

57,500 00

Amount Invested.

$50,000
50,000
50,000
50,000
50,000
40,000
60,000
50,000
25,000
25,000

00
00
00
00
00
00
00
00
00
00

50,000 00

No. 8 .]

71

S A Y IN G S B A N K CO M M ISSION ERS

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

Old Colony R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$150,000 $171,750 00 $150,000 00
20,650 00
20,000
20,000 00
50,000
54,100 00
50,000 00
$720,000 $790,787 50 $720,000 00

Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3ès,

Estimated
Market Value.

$200,000 $230,000 00

Amount Invested.

$219,000 00

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

$24,669
82,359
18,850
75,000
370,900

Kate.

17
98
00
00
00

1J per cent.
2
“
4
4

“
“

Rate.

Amount.

$182,600
539,000
25,000
344,700

00
00
00
00

4^ per cent.
4*
“
4f
»
4§
“

Amount.

$326,775
69,400
105,415
608,095

Rate.

00
00
00
00

5 per cent.
5|
5è
»
6
»

Amount invested in real estate for banking purposes,....................................
Estimated value of the s a m e , ........................................................................
Assessed value of the same.....................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 620
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 664
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 0 ,.................................................................................
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of each semi-annual dividend f 2 percent., $92,067 34 )
during the year ending Oct. 31, 1900,.
.
1 1| per cent.,
81,664 47 J
Number of accounts opened during the year ending Oct. 31, 1900,
1,364
Number of accounts closed during the year ending Oct. 31, 1900,
1,103
Total number of open accounts Oct. 31, 1900,
.
.
.
.
11,626


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

$25,000 00
30,000 00
31,500 00
506,330 00

223,903 90
173,731 81

72

R E P O R T O F TH E

[Pub. D oc.

Bristol County Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,................................................................................. 9 ,5 5 7
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , ................................................................................. 8,713
Date of examination by commissioner : June 22.


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

$8,725 20
716,750 59

814,009 38

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS

73

B R O A D W A Y S A V IN G S B A N K — L A W R E N C E .

Incorporated March 9, 1872.

Present number of corporators, 16.

A l f r e d A . L a m p r e y , President.
G i l b e r t E. H o od , Treasurer.
G il b e r t E . H ood , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A l f r e d A. L a m p r e y ,
A . A . C u r r ie r ,

W . F. R u t t e r ,
J. W . H i g g i n s ,

C . A . D e Co u r c y .

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

Ba l a n c e Sh e e t Oct.

A ssbts.

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,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

a .m .

to 1 p .m . ; Saturdays,

31, 1900.

L ia b il it ie s .

$260,000
99,850
49,650
288,750
5,000
885,950
523.739
53,660
1,807

00
00
00
00
00
00
76
48
70

$2,060,003 98
87,050 00
11,353 96

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

10,000 00

$2,168,407 94

$2,168,407 94

Cash on Deposit in Banks, amount in each: —
Arlington National Bank, Lawrence...................................................................$15,000 00
Lawrence National Bank, Lawrence,...............................................................
38,660 48
Loans on Bank Stock, amount on each: —
50 shares Arlington National Bank, Lawrence,
33 shares Arlington National Bank, Lawrence,
12 shares Lawrence National Bank, Lawrence, .
29 shares Lawrence National Bank, Lawrence,
10 shares Arlington National Bank, Lawrence,
10 shares Merchants’ National Bank, Lawrence,
3 shares Bay State National Bank, Lawrence,
9 shares Methuen National Bank, Methuen, .


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

$3,500 00
^

4,150 00

1
'
I

J

5,200 00

[Pub. D oc

R E P O E T O F TH E

74

Broadway Savings Bank — Continued.
10 shares
11 shares
100 shares
150 shares
200 shares

$300 00

Lawrence National Bank, Lawrence,
Lawrence National Bank, Lawrence,
Methuen National Bank, Methuen, .
Mechanics’ National Bank, Boston, .
Broadway National Bank, Boston, .

1,000 00
8,000 00
14,000 00
13,500 00

Detailed Statement o f Public Funds.
Par Value.

County of Aroostook, Me., 4ès,
City of Chicago, 111., 4s, .
of Concord, N. H., 4s,
of East Providence, R. I., 4s, .
of Fort Wayne, Ind., 3<|s,
of Lawrence, Mass., 4s, .
of Lynn, Mass., 4s, .
of Peoria, 111., 4£s, .
of Quincy, Mass., 3is,
of Saginaw, Mich., 3£s, .
Town of Ft. Fairfield, Me.,4ès,
of Marlborough, Mass., 4s, .
of Methuen, Mass.,4s, .
of Wakefield, Mass., 3ès,
of Watertown, Mass., 4s.,

$10,000
25,000
25,000
55,000
20,000
10,000
15,000
24,000
12,000
29,000
13,000
5,000
10,000
6,000
1,000

Estimated
Market Value.

$11,000
27,750
28,000
58,575
20,700
11,300
16,550
25,365
12,060
29,290
13,780
5,350
10,950
6,060
1,000

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

Amount Invested.

$10,000
25,000
25,000
55,000
20,000
10,000
15,000
24,000
12,000
29,000
13,000
5,000
10,000
6,000
1,000

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

$260,000 $277,730 00 $260,000 00

*

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

50
50
50
100
44
15
186
33
76
100
50
66

Par Value.

Colonial Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
N’l B’k of Commerce, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
National Webster B’k, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,


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

$5,000
5,000
—

10,000
-

1,500
18,600
3,300
-

10,000
5,000
6,600

Estimated
Market Value.

$7,500
7,000
150
11,000
176
1,605
31,248
3,168
608
12,200
5,350
7,194

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

Amount Invested.

$7,500 00
5,000 00
-

10,000 00
-

1,500 00
27,900 00
3,300 00
-

10,000 00
5,000 00
6,600 00

No. 8 .]

75

SA V IN G S B A N K CO M M ISSION ERS.

Broadway Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks —Concluded.

85
64
140

Par Value.

Tremont Nat’l Bank, Boston, .
Bay State N’l Bank, Lawrence,
Lawrence N’l Bank, Lawrence,

$4,250
4,800
14,000

Estimated
Market Value.

Amount Invested.

$850 00
7,360 00
16,800 00

$4,250 00
4,800 00
14,000 00

$88,050 $112,209 00

$99,850 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3s, .
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Old Colony R.R. 4s............................
Portland & Ogdensburg R.R. 3£s, .

$10,000
50.000
25.000
10.000
50.000
50.000
50.000
25.000
20.000

Estimated
Market Value.

$10,225
52.000
23,750
11,350
55.000
55.000
55,375
28,625
20,200

Amount Invested.

00
00
00
00
00
00
00
00
00

$10,000
50.000
23,750
10.000
50.000
50.000
50.000
25.000
20.000

00
00
00
00
00
00
00
00
00

$290,000 $311,525 00 $288,750 00

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

$38,660
28,500
26,000
159,000

Bate.

48
00
00
00

3

3è
3|
4

per cent.
“
“
“

Amount.

$87,000
223,689
15,000
868,350

Kate.

00
76
00
00

4| per cent.
4i
“
4|
»
5
«

Amount.

$23,375
10,000
31,225
2,200

Rate.

00
00
00
00

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 312
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 381
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.


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

5£ per cent.
5|
»
6
“
7

$5,000 00
6,300 00
436,935 00
5,000 00
92,218 39

76

R E P O R T O F TH E

[Pub. D oc.

Broadway Savings Bank — Concluded.
Rate and amount of eachsemi-annual dividend f 2 per cent., $36,351 03 ) $74,460 96
during the year ending Oct. 31,1900, . . 1 2
per cent.,
38,109 93 >
Number of accounts opened during the year ending Oct. 31, 1900,
1,215
Number of accounts closed during the year ending Oct. 31, 1900,
. 881
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,559
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
5,658 27
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
544,714 15
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.......................................................................................... 6,595
Amount of withdrawals, including dividends, during the year ending
430,206 47
Oct. 31, 1900...........................................................................................................
Number of s a m e ,.......................................................................................... 4,002
Date of examination by commissioner : January 9.


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Federal Reserve Bank of St. Louis

N o. 8 .]

77

SA V IN G S B A N K C O M M IS S IO N E D

BROCKTON S A V IN G S B A N K — BROCKTON.

Incorporated March 3, 1881.

Present number of corporators, 49.

B a a l is S a n f o r d , President.
C h a r l e s C. C r o o k e r , Treasurer.
E d w a r d M. T h o m p so n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
B r a d f o r d E . Jo n es,
E nos H. R e y n o l d s ,
A.
C r a n st o n T h o m p s o n ,
B a a l is S a n f o r d ,
G a r d n e r J. K in g m a n .

Open for business every business day except Saturdays, 9
9 a . m . to 12 m .

B alan ce Sh eet Oct.

to 2

p .m .

; Saturdays,

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. 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,
Taxes paid,
.
.
.
.
Furniture and fixtures,
Premium account,
Cash on hand.................................

a .m .

$299,960
14,835
290,000
50.000

00
75
00
00

88.000
12,564
1,381,415
716,800
81,712
456
945
5,000
15,000
6,667

00
84
00
00
29
20
63
00
00
07

$2,963,356 78

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Real estate income
account,
Suspense account, .
Due on mortgage
loans, .

$2,819,800 00
93,200 00
6,413 36
10,000 00
1,194 15
149 27
33,600 00

$2,963,356 78

Cash on Deposit in Banks, amount in each: —
Brockton National Bank, Brockton, .
Home National Bank, Brockton, .
.
.
.
Massachusetts Loan and Trust Company, Boston,


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

$22,443 12
28,299 57
30,969 60

78

R E P O R T O F TH E

[Pub. D oc

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

Par Value.

District of Columbia 6s, .
of Columbia 7s, .
County of Aroostook, Me., 4£s,
of Middlesex, Mass., 4s,
City of Biddeford, Me., 4s,
of Brockton, Mass., 4s,
of Cleveland, Ohio, 5s,
of Fall River, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Newton, Mass., 4s,
of Somerville, Mass., 4s, .
Town of Melrose, Mass., 4s, .
of Middleborough, Mass., 4s,

$7,000
3,000
12,000
30,000
1,000
85,960
25,000
25,000
35,000
25,000
21,000
25,000
5,000
$299,960

Estimated
Market Value.

$7,350
3,090
13,200
30,300
1,000
91,375
26,000
28,375
39,200
29,375
21,840
28,500
5,365

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

Amount Invested.

$7,000
3,000
12,000
30,000
1,000
85,960
25,000
25,000
35,000
25,000
21,000
25,000
5,000

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

$324,970 00 $299,960 00

Detailed Statement o f Bank Stocks.
«M w

© cu
Par Value.

no

75 Third National Bank, Boston,
9 Tremont Nat’l Bank, Boston, .
50 Brockton N’l Bank, Brockton,
20 Home Nat’l Bank, Brockton, .

$7,500
450
5,000
2,000
$14,950

Estimated
Market Value.

$7,275
90
5,700
3,500

00
00
00
00

$16,565 00

Amount Invested.

$7,500
335
5,000
2,000

00
75
00
00

$14,835 75

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, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .


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

$11,000
25,000
30,000
10,000
20,000
21,000
25,000
5,000

Estimated
Market Value.

$12,430
26,975
32,900
11,000
22,800
21,910
25,250
5,600

00
00
00
00
00
00
00
00

Amount Invested.

$11,000
25,000
30,000
10,000
20,000
21,000
25,000
5,000

00
00
00
00
00
00
00
00

No. 8 .]

79

SA Y IN G S B A N K CO M M ISSION ERS.

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

Par Value.

Maine Central R.R. 7s.
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s, .
.
.
.
Penobscot Shore Line R.R. 4s,.
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

$25,000
6,000
33,000
22,000

Estimated
Market Value.

$33,375
6,540
37,460
23,980

00
00
00
00

Amount Invested.

$25,000
6,000
33,000
22,000

00
00*
00
00

10,000

12,000 00

10,000 00

25,000
9,000
13,000

32,500 00
9,315 00
13,995 00

25,000 00
9,000 00
13,000 00

$290,000 $328,030 00 $290,000 00
* A legal investment when made.

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3às,

$50,000

Estimated
Market Value.

Amount Invested.

$57,500 00

$50,000 00

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

Amount.

$50,742
30,969
468.000
155.000

69
60
00
00

2

per cent.

3
4
4£

“

Amount.

Rate.

$296,400 00
45,000 00
886,975 00

4i per cent.
4|
“
5

Amount.

$18,365 00
226,975 00
1,500 00

Rate.

5£ per cent.
“
“

6
6i

00
Amount invested in real estate for banking purposes,............................. $88,000
Estimated value of the s a m e , ..............................................................
100,000
00
Assessed value of the s a m e ,.......................................................................
96,750
00
Net income received from same during year ending Oct. 31, 1900,
.
.
796 32
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,..................................................................................................
12,564
84
Assessed value of the s a m e ,.......................................................................
11,050
00
Number of loans which are of an amount not exceeding $3,000 each, 448
Aggregate amount of the s a m e , ........................................................................
496,185 00
Total number of loans upon real e s t a t e , ............................................. 507
Amount of investments from which no income is received,.
.
.
.
450 00


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Federal Reserve Bank of St. Louis

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

No. 8 .]

81

SA V IN G S B A N K COM M ISSION ERS

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.
W

il l ia m

Present number of corporators, 35.

H . L in c o l n , President.
W il l i a m E . L in c o l n , Treasurer.
W il l i a m E . L in c o l n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h a r l e s H . Ste a r n s,
T h o m a s P. R it c h i e ,
B. W . N e a l ,

W i l l i a m E . L in c o l n ,
E d w a r d M. F a r n s w o r t h ,
A l f r e d E. K e n r i c k .

Open for business every business day, 9 a . m . to 1 p . m . ; also Mondays and Wednes­
days, 3 to 5 p .m . ; Saturdays, 6 to 8 p .m .

B a l a n c e Sh e e t O c t.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. 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,
Furniture account,
Taxes paid,
.
.
.
.
Bank liquidation account, .
Cash on band, .
.
.
.

31, 1900.

$161,800 00
20.720 0 0
146,171 25
2 ,0 0 0 00

52,687 50
25,723
18,462
1,143,347
473,000
44,915
1,628
1,687
1,123
336
4,473

68

13
10
00
59
98

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rent account, .
Due on mortgage
loans, .

$2,004,551 73
34,035 00
24,339 06
290 14
360 10
34,500 00

00

43
00
37

$2,098,076 03

$2,098,076 03

Cash on Deposit in Banks, amount in each : —
61
Central National Bank, Boston............................................................................ ..........
National Shawmut Bank, Boston.........................................................................
10,603 63
Brookline National Bank, Brookline,...............................................................
23,670 35
Loan on Railroad Stock : —
15 shares Boston & Albany R . R . , ............................................................... $2,000 00


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

82

R E P O R T O F TH E

[Pub. D oc

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

Par Value.

City of Cambridge, Mass., 4s, .
of Kansas City, Mo., 4£s,.
Town of Brookline, Mass., S^s,
of Brookline, Mass., S^gS,
of Brookline, Mass., 3 ^ ,
of Brookline, Mass., 3 ^ ,
of Brookline, Mass., 3fs,
of Brookline, Mass., 4s,.
of Wakefield, Mass., 4s,

•

$2,000
5.000
20,000
40.000
45.000
15.000
2.000
28,800
4,000

Estimated
Market Value.

$2,190
5,675
20,000
40,000
45,337
15,112
2,015
29,268
4,450

00
00
00
00
50
50
00
00
00

Amount Invested,

$2,000
5.000
20,000
40.000
45.000
15.000
2.000
28,800
4,000

00
00
00
00
00
00
00
00
00

$161,800 $164,048 00 $161,800 00

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

75
50
18
15
43
20

Par Value.

Central National Bank, Boston,
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Third National Bank, Boston,.
Brookline N’l Bank, Brookline,
-

$7,500
-

1,800
750
4,300
2,000
$16,350

Estimated
Market Value.

$8,925
200
3,024
150
4,171
2,600

Amount Invested.

00
00
00
00
00
00

$11,400 00

$19,070 00

$20,720 00

_

2,700
750
3,870
2,000

00
00
00
00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$10,000
10,000
65,000

$12,550 00
10,325 00
70,700 00

$10,000 00
10,000 00
65,000 00

20,000

25,100 00

23,671 25

10,000
15,000

11,500 00
16,800 00

10,000 00
15,000 00

10,000
2,500

13,225 00
2,675 00

10,000 00
2,500 00

Par Value.

Boston & Maine R.R. 4¿s,
Chic. Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 4s, .
Milwaukee, Lake Shore & Western
R.R. 5s.............................................
New York, New Haven & Hartford
R.R 4 s ,...........................................
Old Colony R R. 4 s,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4 s,.


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

$142,500

$162,875 00 $146,171 25

No. 8 .]

83

SA Y IN G S B A N K COM M ISSION ERS.

Brookline Savings Bank — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3£s,

$50,000

Estimated
Market Value.

Amount Invested.

$57,500 00

$52,687 50

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

Rate.

Amount.

$44,915 59
257,500 00
25,000 00

2

per cent.

4
4i

“

Amount.

Rate.

$165,000 00
54,500 00
1,002,016 50

4£ per cent.
4|
“
5
“

Amount.

$23,700 00
90,630 60

Rate.

5£ per cent.
“

6

Amount invested in real estate for banking purposes,.................................... $25,723 68
Estimated value of the s a m e , ........................................................................
30,000
Assessed value of the s a m e ,.................................................................................
21,800
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
18,462
Assessed value of the s a m e ,.................................................................................
16,800
Net income received from same during year ending Oct. 31, 1900,
.
.
143
Number of loans which are of an amount not exceeding $3,000 each,
95
Aggregate amount of the same...............................................................................
150,050
Total number of loans upon real e s t a t e , ............................................. 215
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
85,547
Times for the dividends fixed by the by-laws : second Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
$31,194 74 )
Q2g
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
33,830 90 J
’
Number of accounts opened during the year ending Oct. 31, 1900,
1,683
Number of accounts closed during the year ending Oct. 31, 1900,
. 853
Total number of open accounts Oct. 31, 1900,
.
.
.
.
8,009
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
5,056
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
630,785
Number of s a m e , .................................................................................11,423
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
374,646
Number of s a m e , .................................................................................5,777
Date of examination by commissioner: January 12.


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

00
00
13
00
75
00

35

54

25
05

89

84

R E P O R T O F TH E

[Pub. D oc

CAM 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, 46.

C h a r l e s W . S e v e b , President.
O sc a r F . A l l e n , Treasurer.
J a m e s H . W y e t h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A n d re w S. W a it t ,
E d w in D r e s s e r ,
Ch a r l e s W . S e v e r ,
J o h n T. G. N ic h o l s ,

E d w a r d R. C o g s w e l l ,
W a l t e r S. S w a n ,
E noch B e a n e ,
Jam es F . P e n n e l l .

Open for business every business day,

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. 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).........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Tax account,
.
.
.
.
Cash on hand, .
.
.
.

8 a .m .

to 1 p . m .

31, 1900.

L ia b il it ie s .

$231,000 00
50 00
8 8 ,1 0 0 00

353,500 00
50.000 00
95.000
5,867
2,491,535
777,735

00
73
00
00

55.000
50
73,777
5,000
2,431
70
5,754

00
00
50
00
53
77
57

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Bank building rents,
Inspection account, .

$4,234,872 10

$3,991,482 38
163,500 00
47,676 98
25,602 45
6,560 29
50 00

$4,234,872 10

Cash on Deposit in Banks, amount in each: —
Charles River National Bank, Cambridge,...................................................... $28,777 50
National City Bank, Cambridge,........................................................................
25,000 00
Cambridge Trust Company, C a m b r id g e ,......................................................
10,000 00
Lechmere National Bank, East C a m b r i d g e , .............................................
15,000 00
Loan on Public Funds: —
$50 United States 4 s , ..........................................................................................


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Federal Reserve Bank of St. Louis

$50 00

No. 8 .]

85

SA V IN G S B A N K COM M ISSION ERS

Cambridge Savings B a n k — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 5s,
of Bridgeport, Conn., 4 s,.
of Cambridge, Mass., 4 s,.
of Cambridge, Mass., 6s, .
of Cleveland, Ohio, 5s,
of Dover, N. H ., 4s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s, .
of Indianapolis, Ind., 4s, .
of Portsmouth, N. H ., 4s,
of Providence, R. I., 5s, .
of Saginaw, Mich., 4£s, .
of Saginaw, Mich., 5s,
of Springfield, Mass., 7s, .
Town of Brookline, Mass., 4 s,.
of Mansfield, Mass., 4s, .
of Marblehead, Mass., 4s,
of Westborough, Mass., 5s, .
of Westport, Mass., 4s, .

$2,000
25,000
25,000
8,000
3,000
10,000
20,000
25,000
20,000
25,000
2,000
25,000
1,000
1,000
6,000
9,500
1,500
14,000
8,000

Estimated
Market Value.

$2,160
28,125
28,500
8,715
3,202
10,400
21,650
27,875
22,600
26,875
2,190
26,575
1,070
1,085
6,102
10,640
1,628
15,715
8,090

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

$231,000 $253,198 75

Amount Invested.

$2,000
25,000
25,000
8,000
3,000
10,000
20,000
25,000
20,000
25,000
2,000
25,000
1,000
1,000
6,000
9,500
1,500
14,000
8,000

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

$231,000 00

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

159
107
42
100
11
28
30
5
10
50
96
58
58
60
50
46
50

Par Value.

Atlas National Bank, Boston, .
Eliot National Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Merchants’ N’l Bank, Boston, .
N’l Exchange Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,
National Union Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk 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 N’l Bank, Salem, .


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

$15,900
10,700
4,200
10,000
1,100
2,800
3,000
500

_

5,000
9,600
2,900

Estimated
Market Value.

$15,900
14,980
5,208
16,300
1,540
2,996
3,690
665
80
5,350
10,464
580

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

Amount Invested.

$15,900
10,700
4,200
10,000
1,100
2,800
3,000
500

00
00
00
00
00
00
00
00

-

5,000 00
9,600 00
2,900 00

5,800
6,000

8,816 00
7,500 00

5,800 00
6,000 00

1,000
4,600
5,000

250 00
4,140 00
6,250 00

1,000 00
4,600 00
5,000 00

$88,100

$104,709 00

$88,100 00

[Pub. D oc.

R E P O R T O F TH E

86

Cambridge Savings Bank — Continued.
Detailed Statement o f Bailroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 6s, .
.
.
.
Maine Central R.R. 4is, .
Maine Central R.R. 7s,
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York Central & Hudson River
R.R. 7 s ,...........................................
Penobscot Shore Line R.R. 4s,.
Upper Coos R.R. 4is,
Vermont & Massachusetts R.R. 5s, .

$25,000
25,000
26,000
25,000
125,000
25,000
16,500

Estimated
Market Value.

$27,750
28,375
28,600
28,750
138,437
27,750
22,027

Amount Invested.

00
00
00
00
50
00
50

$25,000
25,000
26,000
25,000
125,000
25,000
16,500

00
00
00
00
00
00
00

25,000

31,000 00

25,000 00

9,000
25,000
25,000
2,000

9,585
27,250
27,250
2,075

9,000
25,000
25,000
2,000

00
00
00
00

$353,500 $398,850 00

00
00
00
00

$353,500 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3is,

$50,000

Estimated
Market Value.

Amount Invested.

$57,500 00

$50,000 00

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

Amount.

$450
33,777
40.000
50.000
671,050

Rate.

00
50
00
00
00

0
2
2i

3i
4

per cent.
“
“
“

Amount.

Rate.

$345,000 00
694,000 00
16,000 00
1,444,330 00

4i per cent.
4Ï
“
4|
“
5

Rate.

Amount.

$18,805
50,000
33,985
750

00
00
00
00

5i per cent.
5|
6
“
6i
“

Amount invested in real estate for banking purposes,.................................... $95,000 00
Estimated value of the s a m e , ........................................................................
95,000
Assessed value of the s a m e ,.................................................................................
97,000
Net income received from same during year ending Oct. 31, 1900,
.
.
5,321
Value, hy books, of other real estate, held or owned by foreclosure or
o th e r w is e ,............................................................................................................
5,867
Assessed value of the s a m e ,.................................................................................
10,100
Number of loans which are of an amount not exceeding $3,000 each, 393
Aggregate amount of the s a m e , ........................................................................
462,470
Total number of loans upon real e s t a t e ............................................. 556


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

00
00
31
73
00
00

No. 8 .]

S A Y IN G S B A N K C O M M ISSION ERS.

87

Cambridge Savings Bank — Concluded.
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per hooks, during

$450 00

year ending Oct. 31, 1900.....................................................................................
Times for the dividends fixed by the by-laws : fourth Thursday in January

190,863 38

and July.
Rate and amount of eachsemi-annual dividend j 2 per cent., $74,041 80 , 139,699 99
during the year ending Oct.31,1900, .
. 1 1| per
cent.,
65,658 19 1
Number of accounts opened during the year ending Oct. 31, 1900,
1,316
Number of accounts closed during the year ending Oct. 31, 1900,
. 929
Total number of open accounts Oct. 31, 1900,
.
.
.
.
11,258
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
8,592 31
clusive of taxes),..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ........................................................................................12,138
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , ........................................................................................ 11,206
Date of examination by commissioner : May 18.


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

730,318 35

749,631 35

88

[Pub. D oc

R E P O R T O F TH E

CAM BR IDGEPOR T S A V IN G S B A N K — C A M BR ID G E PORT.
Incorporated Feb. 22, 1853.

Present number of corporators, 24.

D a n a W . H y d e , President.
H e n r y W . B u l l a r d , Treasurer.
J o s ia h F. L a n e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D an a W . H y d e ,
W m . W . D a l l in g e r ,

H e n r y E n d ic o t t ,
F r e d e r i c k W . T il t o n ,

John H . C o rco ran .

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 .

p .m .

; also 6 to 8

p .m .

the first

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, . $1,869,000 00
52,810 00
Bank stock, as per schedule,
2,800 00
Loan on bank stock, .
380,605 55
Railroad bonds, as per schedule,
7,000 00
Loan on railroad stock,
381,500 00
Boston Terminal Co. bonds,
46,483 10
Real estate by foreclosure,
1,870,900 06
Loans on real estate, .
170,475 00
Loans on personal security,
Loans to counties, cities or towns
20,000 00
(notes), ....................................
43,000 00
Deposits in banks, on interest, .
2,930 96
Expense account,
7,534 28
Cash on band, .
.
.
.

Deposits, .
Guaranty fund,
Interest account,

$4,855,038 95

$4,593,059 21
218,500 00
43,479 74

$4,855,038 95

Cash on Deposit in Banks, amount in each : —
$5,000 00
18,000 00

Cambridgeport National Bank, Cambridge,
First National Bank, C a m b r i d g e , ....................................
National City Bank, Cambridge,.............................................

20,000 00

Loan on Bank Stock: —
$2,800 00

50 shares Middlesex County National Bank, Winchester, .
Loan on Railroad Stock: —
35 shares Boston & Albany R . R . , ....................................
10 shares Old Colony National Bank of Plymouth, .


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

'I

$7,000 00

No. 8 .]

89

SA Y IN G S B A N K COM M ISSION ERS

. Cambridgeport Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Bangor, Me., 4s, .
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 4s, .
of Cleveland, Ohio, 3.65s,
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 6s, .
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4 s,.
of Dayton, Ohio, 6 s,.
of Dover. N. H., 4s, .
of Fort Wayne, Ind., 3£s,
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 4£s, .
of Haverhill, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 4s,
of Minneapolis, Minn., 4s,
of Minneapolis, Minn., 4is,
of New Bedford, Mass., 5s,
of New Britain, Conn., 4s,
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Pawtucket, R. I., 4s, .
of Peoria, 111., 4£s, .
of Pittsburg, Pa., 3£s,
of Providence, R. L, 5s, .
of Somerville, Mass., 4s, .
of Springfield, Ohio, 4£s, .
of Woburn, Mass., 4s,
of Worcester, Mass., 5s, .
Town of Arlington, Mass., 4s, .
of Beverly, Mass., 4s, .
of E. Providence, R. I., 4s,
of Kingston, Mass., 4s, .
of Lincoln, R. I., 4s,
of Maynard, Mass., 4s, .
of Melrose, 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

$50,000
13,000
9,000
247,000
7,000
14,000
50,000
40,000
50,000
10,000
22,000
96,000
19,000
50,000
25,000
58,000
50,000
50,000
25,000
50,000
10,000
5,000
5,000
50,000
3,000
100,000
50,000
100,000
50,000
46,000
50,000
33,000
20,000
11,000
96,000
35,000
23,000
25,000
40,000
50,000
32,000
19,000
31,000
50,000

Estimated
Market Value.

$53,937
14,300
9,585
263,263
7,035
14,192
51,500
40,900
51,250
10,200
23,485
97,920
19,665
55,500
26,250
59,885
56,125
51,500
26,437
56,437
11,800
5,050
5,250
59,250
3,352
107,680
54,000
100,270
54,500
47,062
55,500
33,577
21,550
11,825
101,520
35,656
24,150
25,750
44,350
54,750
32,720
20,615
33,790
52,000

50
00
00
75
00
50
00
00
00
00
00
00
00
00
00
00
00
00
50
50
00
00
00
00
50
00
00
83
00
50
00
50
00
00
00
25
00
00
00
00
00
00
00
00

Amount Invested.

$50,000
13,000
9,000
247,000
7,000
14,000
50,000
40,000
50,000
10,000
22,000
96,000
19,000
50,000
25,000
58,000
50,000
50,000
25,000
50,000
10,000
5,000
5,000
50,000
3,000
100,000
50,000
100,000
50,000
46,000
50,000
33,000
20,000
11,000
96,000
35,000
23,000
25,000
40,000
50,000
32,000
19,000
31,000
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
00
00
00
00
00
00*
00
00
00
00
00
00
00
00*

$1,869,000 $1,985,338 33 $1,869,000 00

*

Legal investments when made.

90

R E P O R T O F TH E

[Pub. D oc

Cambridgeport Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

33
40
56
100
50
50
50
40
100
14

Par Value.

Blackstone N’l Bank, Boston, .
Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,
National Union Bank, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Cambridgeport National Bank,
Cambridge, .
.
.
.
First Nat’l Bank, Cambridge, .
Nat’l City Bank, Cambridge, .

Estimated
Market Value.

Amount Invested.

$1,485
4,000
5,600
10,000
5,000
2,500
5,000

$825
5,600
6,160
13,300
5,450
500
5,150

4,000
10,000
1,400

4,000 00
16,000 00
2,100 00

4,000 00
13,825 00
1,400 00

$48,985

$59,085 00

$52,810 00

00
00
00
00
00
00
00

$1,485
4,000
5,600
10,000
5,000
2,500
5,000

00
00
00
00
00
00
00

Detailed Statement o f Railroad Bonds.

Boston & Maine R.R. 4s,
Chicago, Burlington & Quincy
R.R. 3 ^ s , ..................................
Eastern R.R. 6s, .
Fitchburg R.R. 4s,
. . .
Fitchburg R.R. 5s,
. . .
Illinois Central R.R. 3ès,
Old Colony R.R. 4s,
Penobscot Shore Line R.R. 4s,
Vermont & Massachusetts R.R. 5s,

Par Value.

Estimated
Market Value.

Amount Invested.

$25,000 00

$29,000 00

$25,000 00

10,000
32,605
63.000
20.000
100,000
50.000
20.000
60,000

10,416
37,007
65,040
20,775
101,000
51,187
21,600
62,400

10,000
32,605
63.000
20.000
100,000
50.000
20.000
60,000

00
55
00
00
00
00
00
00

67
30
00
00
00
50
00
00

00
55
00
00
00
00
00
00

$380,605 55 $398,426 47 $380,605 55

Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3¿s,


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

$350,000

Estimated
Market Value.

Amount Invested.

$402,500 00 $381,500 00

No. 8 .]

SA Y IN G S B A N K

91

COM M ISSION ERS.

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

Amount.

$43,000
150,000
292,500
69,900

00
00
00
00

Rate.

Amount.

Rate.

2 per cent.
3£
“
4
4|
“

$359,200 00
20,000 00
1,150,620 25

4£ per cent.
4|
5
“

Amount.

$4,900 00
23,504 81
550 00

Rate.

5£ per cent.
6
“
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 of an amount not exceeding $3,000 each, 417
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 556
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: third Wednesday in January
and July.
Rate and amount of each semi-annual dividend f I f per cent., $74,696 92 1
during the year ending Oct. 31, 1900,.
.
1 If per cent., 75,929 24 I
Number of accounts opened during the year ending Oct.31, 1900,
1,740
Number of accounts closed during the year ending Oct. 31,1900,
1,147
Total number of open accounts Oct. 31, 1900,
.
.
.
.
14,700
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .......................................................................16,343
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , .......................................................................13,181
Date of examination by commissioner: March 27.


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

$46,483 10
48,600 00
574,599 42

201,054 59

150,626 16

9,037 82
797,601 11

818,107 47

92

R E P O R T O F TH E

[Pub. D oc

CA N T O N IN S T IT U T IO N F O E S A V IN G S — CA N T O N .
Incorporated March 4, 1835.
W

il l is

Present number of corporators, 24.

S. S h e p a r d , President.
W

alter

W a l t e r A m e s , Treasurer.
A m e s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W il l i s S. S h e p a r d ,
T h o m a s E. G r o v e r ,
F r a n c is D. D u n b a r ,
N a t h a n ie l W . D u n b a r ,
W i l l i a m B. R e v e r e .

Open for business every business day except Saturdays, 8
1.30 to 4 p . m . ; Saturdays, 8 a .m . to 12 m .

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
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,
Suspense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

a .m .

to 12

m.

;

31, 1900.

L ia b il it ie s .

$143,100
40,920
4,600
135,500
6,000
43,837
25,745
307,965
50,000

00
00
00
00
00
50
00
00
00

67,400
12,633
116
51
600
1,350

00
62
53
37
00
91

$839,819 93

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

$795,755 51
40,000 00
756 05
3,295 37
13 00

$839,819 93

Cash on Deposit in Banks, amount in each: —
National Shawmut Bank, B o s t o n , ............................................................... $10,002 19
Neponset National Bank, C a n t o n , ...............................................................
2,631 43
Loan on Bank Stock: —
58 shares Neponset National Bank, C a n t o n , ............................................. $4,600 00
Loan on Railroad Stock : —
50 shares Boston & Maine R .R ., .


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

............................................................... $6,000 00

N o. 8 .]

93

SA V IN G S B A N K CO M M ISSION ERS

Canton Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Par Value.

County of Hampden, Mass., 3s,
City of Chicago, 111., 4s, .
of Lawrence, Mass., 4s, .
of Lynn, Mass., 3£s,.
of New Britain, Conn., 4s,
of Providence, R. I ., 5s, .
of Woonsocket, R. I . , 4s, .
Town of Canton, Mass., 4s,
of Natick, Mass., 4s,
of Orange, Mass., 4s,

Estimated
Market Value.

$9,950
10,650
15,375
13,702
11,350
11,000
22,300
44,200
5,600
11,200

$10,000
10,000
15,000
13,500
10,000
10,000
20,000
40,000
5,000
10,000

00
00
00
50
00
00
00
00
00
00

$143,500 $155,327 50

*

Amount Invested

$9,600
10,000
15,000
13,500
10,000
10,000
20,000
40,000
5,000
10,000

00
00
00
00
00
00
00*
00
00
00

$143,100 00

A legal investment when made.

No. o f
Shares,

I
j

Detailed Statement o f Bank Stocks.

25
17
25
25
70
17
25
127
50

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Nat’l Shawmut Bank, Boston,.
Nat’l Webster Bank. Boston, .
Shoe & Leather N’l B’k, Boston,
Neponset Nat’l Bank, Canton,.
Dedham Nat’l Bank, Dedham,

$2,500
1,020
2,500
2,500
7,000
1,700
2,500
12,700
5,000
$37,420

Estimated
Market Value.

$2,500
425
2,975
2,500
11,760
1,632
3,050
9,525
5,300

00
00
00
00
00
00
00
00
00

$39,667 00

Amount Invested.

$2,500
1,020
2,500
2,500
10,500
1,700
2,500
12,700
5,000

00
00
00
00
00
00
00
00
00

$40,920 00

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,
Eastern R.R. 6s,
. . .


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

$20,000
20,000
20,000
10,000
5,500

Estimated
Market Value.

$22,600
22,900
21,800
11,000
6,270

00
00
00
00
00

Amount Invested.

$20,000
20,000
20,000
10,000
5,500

00
00
00
00
00

94

R E P O R T O F TH E

[Pub. D oc.

Canton Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$20,000

$22,300 00

$20,000 00

20,000
20,000

22,600 00
22,550 00

20,000 00
20,000 00

Par Value.

Fitchburg R.R. 4s, .
Maine Central and European &
North American R.R. 4s,
Old Colony R.R. 4s, .
.
.
.'

$135,500 $152,020 00 $135,500 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3<is,

$40,000

Estimated
Market Value.

Amount Invested.

$46,000 00

$43,837 50

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

$12,633 62
57,000 00

Rate.

2 per cent.
H
“

Amount.

$26,400 00
52,250 00

Rate.

Amount.

Rate.

4 per cent.
4i
“

$153,300 00
147,015 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 ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 200
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 216
Amount of investments from which no income is received,
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
Time for the dividends fixed by the by-laws : first Tuesday in April and
October.
Rate and amount of each semi-annual dividend f 1| per cent., $13,391 77 7
during the year ending Oct. 31, 1900,.
.
1 1| per cent.,
13,390 18 )
Number of accounts opened during the year ending Oct. 31, 1900,
. 294
Number of accounts closed during the year ending Oct. 31, 1900,
. 311
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,632


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

$25,745 00
26 175 00
184,515 00
4,795 00
33,368 03

6,781 9°

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

95

Canton Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................$1,875 75
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
112,426 02
Number of s a m e , ................................................................................ 1,518
Amount of withdrawals, including dividends during the year ending
Oct. 31,1900............................................................................................................
139,937 51
Number of s a m e , .................................................................................1,759
Date of examination by commissioner : March 7.


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

96

R E P O E T O F TH E

[Pub. Doc.

CAPE A N N S A V IN G S B A N K — GLO U C ESTER.
Incorporated April 15, 1846.

Present number of corporators, 30.

A l l a n R o g e r s , President.
D a n ie l T. B a b s o n , Treasurer.
D a n ie l T. B a b so n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R obert R . F ea rs,
S y l v e s t e r C u n n in g h a m ,
J ohn E . S om es,
J o h n C o r l is s ,
A l l a n R ogers.

Open for business every business day, 9

B

alance

a .m .

to 3 p . m . ; during August, 9 a . m . to 1 p . m .

Sheet O ct.

31, 1900.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
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,
Bank liquidation account,.
Block income account,
$5,000 bonds of Union Traction
Co. o fN . J.,* .
Suspense account,
Cash on hand, .
.
.
.

$15,000
177,580
350
32.862
21,688

00
00
00
50
00

62,160
34,212
1,915,028
771,066
600
45,795
2,486
509
267
638

05
81
88
87
00
19
10
59
50
19

Deposits, .
Guaranty fund,
Interest account,
Tax account, .
Surplus account,
Due on mortgage
loans, .

$2,897,866
150,000
17,095
2,221
21,225

56
00
85
70
62

3,368 53

2,500 00
2,612 25
6,420 33
$3,091,778 26

$3,091,778 26

* Taken to insure indebtedness.

Cash on Deposit in Banks, amount in each: —
Third National Bank, Boston,
.
.
City National Bank, Gloucester, .
.
Gloucester National Bank, Gloucester,

.
.

.
.

$12,588 45
33,206 74
2,486 10

Loan on Bank Stock : —
4

shares Gloucester National Bank, Gloucester, .


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

$350 00

N o. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

97

Cape Ann Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Lynn, Mass., 4s, .
Town of Melrose, Mass., 4s,

.

Estimated
Market Value.

Amount Invested.

$5,000
10,000

$5,300 00
10,500 00

$5,000 00
10,000 00

$15,000

$15,800 00

$15,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

100
100
74
100
62
191
100
100
166
150
50
50
50
25
50
100
50
150
25
61
100
50
75

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,
Central National Bank, Boston,
Freeman’s Nat’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 Redemption, Boston,
N’ l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
New England N’l B’k, Boston,
Old Boston N’l Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Third National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Cape Ann N’l B’k, Gloucester,
City Nat’l Bank, Gloucester, .
Gloucester N’l B’k, Gloucester,
Rockport N’l Bank, Rockport,


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

Estimated
Market Value.

Amount Invested.

$10,000
10,000
3,330
10,000
6,200
19,100
10,000

$11,500
10,000
1,850
11,900
6,200
31,133
11,000

00
00
00
00
00
00
00

10,000
16,600
15,000

18,900
19,588
21,000
200
7,000
7,000
2,500
8,700
800
5,350
14,550
250
8,235
18,000
6,750
7,500

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

10,000 00
16,600 00
15,000 00

$229,906 00

$177,580 00

-

5,000
5,000
2,500
5,000
_

5,000
15,000
1,250
6,100
10,000
5,000
7,500
$177,580

$10,000
10,000
3,330
10,000
6,200
19,100
10,000

00
00
00
00
00
00
00

-

5,000 00
5,000 00
2,500 00
5,000 00
5,000 00
15,000 00
1,250 00
6,100 00
10,000 00
5,000 00
7,500 00

[Pub. D oc

R E P O R T O F TH E

98

Cape Ann Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

C hic, Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s,.

Estimated
Market Value.

Amount Invested.

$10,000
10,000
12,000

$10,500 00
10,500 00
12,120 00

$10,737 50
10,000 00
12,125 00

$32,000

$33,120 00

$32,862 50

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3^s,

$20,000

Estimated
Market Value.

Amount Invested.

$23,000 00

$21,688 00

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

Kate.

Amount.

$45,795 19
170,568 00
160,600 0 0

2
4
4è

per cent.
“
“

Amount.

$ 1 0 ,0 0 0 00
720,448 00
15,000 00

Kate.

Amount.

4| per cent.
5
5i
“

$1,610,429 75

Kate.

6

per cent.

Amount invested in real estate for banking purposes,.................................... $62,160 05
Estimated value of the s a m e , ........................................................................
61,000
Assessed value of the s a m e ,.................................................................................
45,000
Net income received from same during year ending Oct. 31, 1900,
.
.
69
Value, by books, of other real estate, held or owned by foreclosure or
oth erw ise,............................................................................................................
34,212
Assessed value of the s a m e ,.................................................................................
35,800
Number of loans which are of an amount not exceeding $3,000 each, 1,043
Aggregate amount of the s a m e , ........................................................................
840,013
Total number of loans upon real e s t a t e , .................................... 1,107
Amount of investments from which no income is received, .
.
.
.
93,689
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
134,122
Times for the dividends fixed by the by-laws : April 1 and October 1.
.Rate and amount of each semi-annual dividend f 1| per cent., $48,991 93 P ^ ^
during the year ending Oct. 31, 1900, .
. 1 1| per cent.,
48,370 74 >
’
Number of accounts opened during the year ending Oct. 31, 1900,
1,236
Number of accounts closed during the year ending Oct. 31, 1900,
1,147
Total number of open accounts Oct. 31, 1900,
.
.
.
.
9,557


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

00
00
99
81
00
88

00
08
07

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

99

Cape Ann Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..................................................................................................$5,882
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900..............................................................................................
363,225
Number of same...................................................................................... 7,833
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
530,766
Number of s a m e , ...................................................................................................
7,923
Date of examination by commissioner : October 23.


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

53
97

56
00

[Pub. Doc,

R E P O R T O F TH E

100

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, 47.

A l e x a n d e r T. N e w c o m b , President.
A u g u stu s C. Sn o w , Treasurer.
A u g u stu s C. S n o w , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A l e x a n d e r T. N e w c o m b ,
H e n r y H . F is k ,
E lea ze r K. C row ell,
O l iv e r E . E l d r e d g e ,
J o sh u a C r o w e l l .

Open for business every business day, 9

B a l a n c e Sh eet O c t.

to 1 p .m .

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Real estate, to secure indebted­
ness,
....................................
Cash on hand, .
.
.
.

a .m .

$ 1 0 ,0 0 0
15.000
29,140
9,242
126,388

00

00
00
00
00

$886,063 52
36,000 00

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

12,215 01

1 ,0 0 0 00

29,311 98
398,902 24
286,588 13
16,300 00
1 1 .0 0 0 0 0

229 27
1,176 91
$934,278 53

$934,278 53

Cash on Deposit in Bank : —
Cape Cod National Bank, Harwich,

$ 1 1 ,0 0 0

.

00

Loan on Public Funds: —
$10,000 Massachusetts 3 s , ....................................
5,000 City of Lynn 4 s , ....................................

J

$15,000 00

Loans on Bank Stock, amount on each : —
100 shares Fourth National Bank, Boston, .
3 shares First National Bank, Yarmouth,
4 shares Cape Cod National Bank, Harwich, .
3 shares Cape Cod National Bank, Harwich, .
2 shares Cape Cod National Bank, Harwich, .


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

$8,500 00
250 00
232 00
200 00

60

00

N o. 8 .]

101

SA Y IN G S B A N K COM M ISSION ERS

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

Par Value.

City of Chicago, 111., 4s, .

$10,000

Estimated
Market Value.

$11,050 00

Amount Invested.

$10,000 00

No. oi
Shares.

Detailed Statement o f Bank Stocks.

40
7
38
31
26
15
26
30
43
48
10
38
21

Estimated
Market Value.

Amount Invested.

$640
700
3,800
3,100

$40
868
4,180
3,410

00
00
00
00

$640
700
3,800
3,100

00
00
00
00

2,600
1,500
2,600
3,000

4,914
2,100
3,640
3,210
344
5,136
100
4,750
2,625

00
00
00
00
00
00
00
00
00

2,600
1,500
2,600
3,000

00
00
00
00

Par Value.

Everett Nat’l 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 the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Shawmut National B’k, Boston,
State National Bank, Boston, .
Tremont National B’k, Boston,
Cape Cod Nat’l B’k, Harwich,
First National B’k, Yarmouth,

-

4,800
500
3,800
2,100
$29,140

$35,317 00

-

4,800
500
3,800
2,100

00
00
00
00

$29,140 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine H R. 4s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 5s, .
Old Colony R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .


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

$20,000
10,000
25.000
20.000
15.000
25.000
10.000
$125,000

Estimated
Market Value.

$21,050
11.500
27.500
23,200
16,575
28,625
10,400

00
00
00
00
00
00
00

Amount Invested.

$20,000
10,000
25.000
20.000
15,300
25,900
10,188

00
00
00
00
00
00
00

$138,850 00 $126,388 00

102

[Pub. Doc,

R E P O R T O F TH E

Cape Cod Five Cents Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.

Kate.

Amount.

$ 1 1 ,0 0 0 00
42,998 50
61,262 95
122,700 00

per cent.
“
“
4*
“
2

4
4i

Amount.

$15,000 00
259,224 00
19,782 00

Rate.

Amount.

4| per cent.
5
H
“

$150,620 31
700 00
53,744 61

Rate.

6

6i
7

per cent.
“

$ 1,000 00
Amount invested in real estate for banking purposes,....................................
1,200 00
Estimated value of the s a m e , ........................................................................
1,200 00
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
29,541 25
o th erw ise,............................................................................................................
40,975 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 415
217,770 92
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 383
6,535 19
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
41,589 72
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: second Wednesday in
April and October.
Rate and amount of each semi-annual dividend f 1| per cent., $14,918 86 |
30,024 82
during the year ending Oct. 31, 1900, .
. i 1| per cent.,
15,105 96 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 333
Number of accounts closed during the year ending Oct. 31, 1900,
. 303
Total number of open accounts Oct. 31, 1900,
.
.
.
.
3,216
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
3,241 08
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
127,621 36
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ................................................................................. 1,559
Amount of withdrawals, including dividends, during the year ending
133,822 23
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ................................................................................. 1,791
Date of examination by commissioner: June 29.


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

N o. 8 .]

103

SA V IN G S B A N K COM M ISSION ERS

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 of corporators, 53.

O l i v e r H . M o u l t o n , President.
S a m u e l A . C h a s e , Treasurer.
S a m u e l A . C h a s e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A rthur G. Po llard ,
P r e sc o tt C . G a t e s ,
Jam es W . C . P ic k e r in g .

D a n ie l S w a n ,
Sa m u e l A . C h a se ,
A m asa P r a tt,

Open for business every business day, 9

a .m .

to 1 p . m . ; also Saturdays, 7 to 9

B a lan ce Sh e e t Oct.

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Boston Terminal Co. bonds,
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, .
Dash on hand.................................

p .m .

$151,800
1,400
174,070
219,500
2,650
100,000
36,200
2,013,674
724,148

00
00
00
00
00
00
00
00
17

158,450
1,100
158,433
11,593

00
00
29
42

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

$3,487,442 40
173,000 00
536 13
92,040 35

$3,753,018 88

$3,753,018 88

Cash on Deposit in Banks, amount in each: —
Appleton National Bank, Lowell,
Merchants’ National Bank, Lowell,
Old Lowell National Bank, Lowell,
Old Colony Trust Company, Boston, .

.

$25,000
95,710
15,000
22,722

00
62
00
67

Loan on Public Funds : —
$1,400 United States 4s,


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

$1,400 00

104

R E P O R T O F TH E

[Pub. D oc

Central Savings Bank — Continued.
Loans on Railroad Bonds, amount on each: —
$1,000 Concord & Montreal R .R . 4 s , ...............................................................
2.000 Eastern R .R . 6 s , .................................................................................
1.000 Eastern R .R . 6s..........................................................................................

$800 00'
1,650 00
200 Od

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, .
.
.
.
County of Middlesex, Mass., 4s,
City of Brockton, Mass., 4s,
of Burlington, Vt., 4s,
of Haverhill, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Malden, Mass., 4s,
of Pawtucket, R. L, 4s, .
Town of Andover, Mass., 4s, .
of Arlington, Mass., 4s,.
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .

$50,000
30,000
5,000
5,000
15,000
3,000
6,000
5,000
5,000
10,000
3,800
7,000
7,000
$151,800

Estimated
Market Value.

$56,500
31,462
5,675
5,450
16,425
3,075
6,630
5,262
5,650
10,122
3,847
7,725
7,910

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

Amount Invested.

$50,000
30,000
5,000
5,000
15,000
3,000
6,000
5,000
5,000
10,000
3,800
7,000
7,000

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

$165,734 75 $151,800 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

100
66
200
100
50
50
100
60
27
100
50
106
20
63
70
50
33

Par Value.

Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Merchants’ N’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
N’l Bank 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,
N’l Shawmut Bank, Boston, .
Nat’l Webster Bank, Boston, .
Shawmut N’l Bank, Boston, .
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk National Bank, Boston,


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

$10,000
2,970
20,000
10,000
5,000
5,000
10,000
6,000
2,700
-

5,000
10,600'
2,000
_
7,000
5,000
3,300

Estimated
Market Value.

$11,500
1,650
23,800
14,000
8,150
5,000
11,000
7,080
3,780
400
5,350
17,808
1,920
504
12,180
6,100
3,597

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

Amount Invested.

$12,000 00
2,970 00
25,000 00
11,500 00
6,700 00
5,000 00
10,000 00
7,000 00
3,000 00
5,000 00
10,600 00
2,000 00
_
10,000 00
5,000 00
3,300 00

No. 8 .]

105

SA Y IN G S B A N K COM M ISSION ERS

C en tra l Savin gs B a n k

—

Continued.

Detailed Statement of Bank, Stocks — Concluded.
o cu

Estimated
Market Value.

s!
50
100
30
165
52
10
20
50

Georgetown National Bank,
Georgetown,
Appleton Nat’l Bank, L ow ell,.
First National Bank, Lowell, .
Merchants’ N’l Bank, Lowell, .
Old Lowell N’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, Lowell, .

$5,000
10,000
3,000
16,500
5,200
1,000
2,000
5,000

$5,000
12,300
4,200
25,575
5,980
1,100
2,500
5,500

00
00
00
00
00
00
00
00

$5,000
12,000
4,000
19,800
5,200
1,000
2,000
6,000

00
00
00
00
00
00
00
00

$152,270 $195,974 00 $L74,070 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,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4js, .
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 4s,
Maine Central R.R. 7s,
New London Northern R R. 5s.
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
Old Colony R.R. 4£s,
Portland & Ogdensburg R.R. 3£s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................

$10,0Q0
4,000
15,000
25,000
7,000
10,000
13,000
18,000
14,500
10,000
10,000
25,000
30,000
3,000
20,000
5,000
$219,500

Estimated
Market Value.

$10,225
4,190
17,125
31,500
7,575
11,250
13,643
19,102
19,357
11,200
10,900
28,250
34,075
3,120
20,200

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

6,500 00

Amount Invested.

$10,000
4,000
15,000
25,000
7,000
10,000
13,000
18,000
14,500
10,000
10,000
25,000
30,000
3,000
20,000

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

5,000 00

$248,213 75 $219,500 00

Boston Terminal Company Bonds.
Estimated
Market Value.

Boston Terminal Company 3ès,


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

$100,000 $115,000 00

$100,000 00

106

[Pub. D oc

R E P O R T O F TH E

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

Amount.

Kate.

Amount.

Rate.

Amount.

Rate.

$118,433 29
15.000 00
25.000 00

2 per cent.
2£
“
3
“

$547,190 00
115,000 00
468,772 00

4 per cent.
4i
“
44
“

$1,697,190 17
22,250 00
51,020 00

5 per cent.
54
“
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, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 540
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 704
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 9 0 0 ,.................................................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November.
Rate and amount of each semi-annualdividend f 2 per cent.,
$64,574 75 1
during the year ending Oct. 31, 1900, .
. i 2 per cent.,
65,504 17 1
Number of accounts opened during the year ending Oct. 31, 1900,
1,085
Number of accounts closed during the year ending Oct. 31, 1900,
. 959
Total number of open accounts Oct. 31, 1900,
.
.
.
.
7,304
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .......................................................................................... 7,244
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , .......................................................................................... 5,591
Date of examination by commissioner: January 9.


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

$36,200 00
46,600 00
3,562 88
739,300 17
3,873 93
159,001 20

130,078 92

10,901 74
521,326 85

530,615 43

No. 8 .]

107

SA V IN G S B A N K COM M ISSIONERS.

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 of corporators, 40.

C h a r l e s F . B y a m , President.
A ugustus W . S t o v e r , Treasurer.
J o h n H . G ib b s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a r le s F . By a m ,
G eorge B. N e a l ,
B e n ja m in F . S t a c e y ,
G eorge M . S t a r b ir d ,
G eorge H . P e n d e r g a st .

Open for business every business day except Saturdays, 9 a . m . to 2 p . m . ; Wednesdays,
3 to 5 p . m . ; Saturdays, 9 a . m . to 12 m .
B a l a n c e Sh e e t O c t .

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds,
Boston Terminal Co. 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, .
.
.
.

$537,000
516,040
9,200
586,400
50.000
110,000

00
00
00
00
00
00

70.000
61,900
2,583,290
2,182,660
224,159
4,761

00
00
00
99
50
74

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

$6,506,797 46
320,000 00
108,614 77

$6,935,412 23

$6,935,412 23

Cash on Deposit in Banks, amount in each : —
Colonial National Bank, Boston, .
Metropolitan National Bank, Boston, .
Monument National Bank, Boston,
National Bank of the Republic, Boston,
National Security Bank, Boston,.
.

.

$42,671
36,168
60,165
40,153
45,000

.

23
41
91
95
00

Loans on Bank Stock, amount on each : —
23
2
25
13
30

$2,300 00

shares Monument National Bank, Boston,
shares Monument National Bank, Boston,
shares Colonial National Bank, Boston,.
shares People’s National Bank, Boston,.
shares Commercial National Bank, Boston, .

1
\

6,900 00

I

J

Loan on Railroad Bond : —
$50,000 New York, New Haven & Hartford R R. 4s,


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

.

.

.

.

$50,000 00

108

R E PO R T O F TH E

[Pub. Doc

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

Par Value.

United States 4s,
. . .
Massachusetts 31s, .
.
.
.
City of Boston, Mass., 4s,
of Holyoke, Mass., 4s,
of Malden, Mass., 4s,
of Manchester, Mass., N. H., 5s,
of Medford, Mass., 4s,
of New Bedford, Mass,, 4s,
of Newton, Mass,, 4s,
of Taunton. Mass., 4s,
Town of Lexington, Mass., 4s,
of Milton, Mass., 4s,
of Natick, Mass., 4s,

$50,000
50,000
50,000
38,000
25,000
50,000
50,000
66,000
50,000
14,000
50,000
28,000
16,000
$537,000

Estimated
Market Value.

$67,500
54,750
55,250
41,925
28,437
59,500
56,350
73,260
56,250
15,400
53,875
28,290
18,240

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

Amount Invested.

$50,000
50,000
50,000
38,000
25,000
50,000
50,000
66,000
50,000
14,000
50,000
28,000
16,000

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

$609,027 50 $537,000 00

of
Shares.

Detailed Statement o f Bank Stocks.

I No.

Par Value.

12
200
106
42
145
250
500
500
300
20
150
65
304
250
86
224
166
263
200
342
326
370
27

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston,.
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Bunker Hill N’l Bank, Boston,
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
First Ward Nat’l B’k, Boston,
Freeman’s Nat’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,
Monument Nat'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,
N’l Market Bank of Brighton,
Boston,...................................


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

$1,200
20,000
4,770
-

14,500
25,000
50,000
-

30,000
2,000
15,000
6,500
21,280
-

7,052
22,400
16,600
26,300
20,000
34,200
-

37,000
2,700

Estimated
Market Value.

$1,200
20,000
2,650
126
15,080
47,500
75,000
2,500
42,000
3,600
22,500
6,500
4,560
750
1,720
22,400
32,204
28,930
23,600
47,880
1,304
39,590

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

2,700 00

Amount Invested.

$1,200 00
20,000 00
2,120 00
-

14,500 00
25,000 00
75,000 00
-

30,000
2,000
14,800
6,500
6,080

00
00
00
00
00

-

3,182
22,400
16,600
26,300
20,000
34,200

00
00
00
00
00
00

-

37,000 00
2,700 00

No. 8 .]

109

SA Y IN G S B A N K COM M ISSION ERS

Charlestown Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

178
156
140
69
500
90
275
150
26
75
75
217
67
147

Par Value.

National Revere Bank, Boston,
National Webster 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, .
Home National B’k, 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, .

$4,094
15,600
-

-

50,000
9,000
13,750
15,000
2,600
7,500
7,500
21,700
6,700
13,900
$523,846

Estimated
Market Value.

$890
14,976
140
552
61,000
9,810
2,750
26,250
2,600
10,125
9,375
23,870
7,772
13,230

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

Amount Invested.

$1,958 00
15,600 00
-

49,500
9,000
5,500
15,000
2,600
7,500
7,500
21,700
6,700
13,900

00
00
00
00
00
00
00
00
00
00

$627,634 00 $516,040 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s.
Concord & Claremont R.R. 4£s,
Fitchburg R.R. 4s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4^s,

$12,000
125,000
25,000
100,000
150,000
25,000
25,000
50,000
79,000
$591,000

Estimated
Market Value.

$12,480
158,125
26,725
107,825
165,750
26,375

00
00
00
00
00
00

29,000 00
54,000 00
91,640 00

Amount Invested.

$11,700
125,000
25,000
96,000
150,000
25,000

00
00
00
00
00
00

25,000 00
49,700 00
79,000 00

$671,920 00 $586,400 00

Boston Terminal Company Bonds.

Boston Terminal Company 3^s,


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

Par Value.

Estimated
Market Value.

Amount Invested.

$110,000

$126,500 00

$110,000 00

[Pub. Doc,

R E P O R T O F TH E

110

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

Rate.

Amount.

$10
187,991
36,168
50.000
100,000
90.000

00
09
41
00
00
00

0 per cent.
2
“

2i

“

3

“

3i

“

3f

“

Rate.

Amount.

$105,000
12,000
468,600
75,000
455,000
710,429

00
00
00
00
00
24

3| per cent.
3£
“
4
“
4|

4x
4è

“

Rate.

Amount.

$307,100
1,939,645
45,000
299,375
156,491
11,500

00
00
00
00
75
00

4| per cent.
5
“
5|
“
Ö3
“
6
“
6è
“

Amount invested in real estate for banking purposes,.................................... $70,000 00
Estimated value of the same...................................................................................
82,000 00
Assessed value of the s a m e ,.................................................................................
82,000 00
Net income received from same during year ending Oct. 31, 1900,
.
.
3,583 62
Value, by books, of other real estate, held or owned by foreclosure or
otherwise..................................................................................................................
61,900 00
Assessed value of the same.....................................................................................
79,700 00
Number of loans which are of an amount not exceeding $3,000 each, 613
Aggregate amount of the s a m e , ........................................................................
916,090 00
Total number of loans upon real e s t a t e , ............................................. 856
Amount of investments from which no income is received, .
. . .
1000
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
302,790 46
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annualdividend f1| per cent.,$109,172 09 ) 2 1 9 172 09
during the year ending Oct. 31, 1900,.
.
i If per cent.,* 110,000 00 i
Number of accounts opened during the year ending Oct. 31, 1900,
1,859
Number of accounts closed during the year ending Oct. 31, 1900,
1,722
Total number of open accounts Oct. 31, 1900,
.
.
.
.
18,112
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................13,231 20
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
761,408 15
Number of s a m e , ........................................................................................ 13,653
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ................................................................................................... 1,018,562 37
Number of s a m e ,.........................................................................................11,966
Date of examination by commissioner : May 21.


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

* Estimated.

No. 8 .]

Ill

SA Y IN G S B A N K COM M ISSIONERS.

C H EL SE A S A V IN G S B A N K — C H ELSE A.

Incorporated April 29,1854.

Present number of corporators, 117.

O tis H i n m a n , President.
A l b e r t A . F ic k e t t , Treasurer.
A l b e r t A . F ic k e t t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
O t is H i n m a n ,
G e o r g e E. M o r r i l l ,
Jam es G ould,
B e n j a m in F . D o d g e ,
G e o r g e W . J. M o u l t o n .

Open for business every business day, 8

a .m .

to 1 p . m . ; also Saturdays, 4 to 8

p .m .

B alance Sheet Oct . 31, 1900.

L ia b il it 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 (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,
Premium account,
Cash on hand, .
.
.
.

$488,000
1,550
164,958
50,900
270,000

00
00
00
00
00

36,790
78,539
2,026,860
1,012,400

61
84
00
00

52.000
200
70,668
5,019
23.000
5,706

00
00
48
27
00
89

$4,286,593 09

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

$3,950,762 78
197,500 00
26,856 48
111,031 12
442 71

$4,286,593 09

Cash on Deposit in Banks, amount in each : —
Commercial National Bank, Boston, .
First National Bank, Chelsea,
.
Winnisimmet National Bank, Chelsea,


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

$16,735 76
43,819 06
10,113 66

112

R E P O R T O F TH E

[Pub. D oc

C helsea Savings B a n k — Continued.
Loans on Public Funds, amount on each: —
$1,050 United States 4s.........................................................................
500 United States 4 s , ...............................................................

$1,050 00
500 00

Loans on Bank Stock, amount on each: —
500
10
24
15
100
4

shares
shares
shares
shares
shares
shares

National Hamilton Bank, B o s t o n , ................................................... $40,000
First National Bank, C h e ls e a ,......................................................
800
First National Bank, Bangor, Me....................................................
800
Winnisimmet National Bank, C h e l s e a ,....................................
1,000
Massachusetts National Bank, Boston,
.
.
8,000
Fourth National Bank, Boston,......................................................
300

00*
00
00
00
00
00

* This amount, being in excess of the legal limit, has since been reduced.

Detailed Statement o f Public Funds.

Par Value.

New Hampshire 6s, .
City of Bay City, Mich., 5s,
of Boston, Mass., 4s,
of Cambridge, Mass., 6s, .
of Canton, Ohio, 5 s ,.
of Chelsea, Mass., 4s,
of Chicago, 111., 3.65s,
of Cleveland, Ohio, 4s,
of Dayton, Ohio, 5 s,.
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 4£s,
of Gardiner, Me., 4s,
of Grand Rapids, Mich., 4s,
of Keene, N. H., 4s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 4s,
of Lewiston, Me., 5s,
of Lowell, Mass., 4s,
of Newton, Mass., 4s,
of Peoria, 111., 4£s, .
of Saginaw, Mich., 4s,
of Taunton, Mass., 4s,
of Waltham, Mass , 4s,
of Worcester, Mass., 4£s,.
Town of Canton, Mass., 4s,
of Danvers, Mass., 5s, .
of Marblehead, Mass., 4s,
of Norwalk, Conn., 4s, .
of Winthrop, Mass., 5s, .


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

Estimated
Market Value.

Amount Invested.

$4,851 25
16,830 00
55,125 00
2,140 00
4,320 00
21,000 00
7,017 50
3,015 00
7,090 00
5,525 00
22,400 00
6,270 00
13,540 00
20,850 00
28,250 00
33,100 00
17,680 00
8,960 00
71,725 00
15,150 00
26,225 00
28,312 50
24,390 00
21,100 00
8,400 00
2,175 00
7,135 00
31,000 00
11,715 00

$4,500 00
16,500 00
50,000 00
2,000 00
4,000 00
20,000 00
7,000 00
3,000 00
7,000 00*
5,000 00
20,000 00
6,000 00
13,000 00
20,000 00
25,000 00
30,000 00
16,000 00
8,000 00
65,000 00
15,000 00
25,000 00
25,000 00
22,000 00
20,000 00
8,000 00
2,000 00
7,000 00
31,000 00
11,000 00

$4,500
16,500
50,000
2,000
4,000
20,000
7,000
3,000
7,000
5,000
20,000
6,000
13,000
20,000
25,000
30,000
16,000
8,000
65,000
15,000
25,000
25,000
22,000
20,000
8,000
2,000
7,000
31,000
11,000

$488,000 $525,291 25 $488,000 00
* A legal investment when made.

No. 8 .]

113

SA Y IN G S B A N K COM M ISSION ERS

Chelsea Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

40
216
98
112
25
226
38
100
32
200
52
63
130
43
20
42
47
116
17
37
15
30
15
45
5
20

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Commercial Nat’l B’k, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l B’k, Boston, .
Merchants’ Nat’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 City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,.
Winnisimmet N’l B’k, Chelsea,
Railroad Nat’l Bank, Lowell, ,
Nat’l Exchange Bank, Salem,.
First N’l B’k, So. Weymouth, .

$4,000
21,600
9,800
11,200
2,500
22,600
608
10,000
3,200
20,000
5,200
6,300
13,000
-

2,000
4,200
-

11,600
1,700
3,700
750
3,000
1,500
4,500
250
2,000
$165,208

Estimated
Market Value.

$4,600
21,600
10,192
13,328
3,500
31,640
38
18,000
3,200
32,600
5,720
7,434
18,200
172
2,800
4,032
376
12,412
1,853
3,589
150
3,150
1,500
5,625
100
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

Amount Invested.

$4,000
21,600
9,800
11,200
2,500
22,600
608
10,000
3,200
20,000
5,200
6,300
13,000

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

-

2,000 00
4,200 00
-

11,600
1,700
3,700
750
3,000
1,500
4,500

00
00
00
00
00
00
00

-

2,000 00

$207,811 00 $164,958 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Boston & Providence R.R. 4s, .
Chicago, Burlington & Quincy R.R.
4 s ,...................................................
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4 s ,.


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

Estimated
Market Value.

Amount Invested.

$25,000
20,000
45,000

$28,437 50
25,100 00
49,387 50

$25,000 00
20,000 00
45,000 00

15,000
35,000
45,000

16,500 00
36,195 00
47,830 00

15,000 00
35,000 00
45,000 00

25,000
20,000
40,000

28,750 00
22,200 00
45,175 00

25,000 00
20,000 00
40,000 00

$270,000

$299,575 00 $270,000 00

114

R E P O R T O F TH E

[Pub. D oc.

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

$70,668 48
25.000 00
70.000 00

Rate.

Amount.

Rate.

Amount.

Rate.

2£ per cent.
H
“
3f

$182,000 00
303,000 00
406,350 00

4 per cent.

$1,158,665 00
389,505 00
609,390 00

5 per cent.
H
“
6
“

H

“

4i

“

Amount invested in real estate for banking purposes,....................................
$36,790 61
Estimated value of the s a m e , ........................................................................
44,000 00
Assessed value of the s a m e ,..............................................................
32,950 00
Value, by books, of other real estate, held or owned by foreclosure or
otherwise, .
...............................................................
78,539 84
Assessed value of the s a m e ,.................................................................................
89,475 00
Number of loans which are of an amount not exceeding $3,000 each, 930
Aggregate amount of the s a m e , ........................................................................ 1,306,385 00
Total number of loans upon real e s t a t e , .................................... 1,038
Amount of investments from which no income is received..............................
26,975 32
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
193,907 00
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annual dividend ( 2 per cent.,
$71,293 02
j 145,075 89
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
73,782 87
Number of accounts opened during the year ending Oct. 31, 1900,
2,034
Number of accounts closed during the year ending Oct. 31, 1900,
1,459
Total number of open accounts Oct. 31, 1900,
.
.
.
.
15,955
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
9,823 30
Amount of deposits, not including dividends, received during the year
828,231 19
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of same............................................................................................. 21,858
Amount of withdrawals, including dividends, during the year ending
783,502 58
Oct. 31, 1 9 0 0 , ..................................................................................................
Number of s a m e ,.........................................................................................14,078
Date of examination by commissioner: March 9.


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

No. 8 .]

115

S A Y IN G S B A N K COM M ISSION ERS.

CHICOPEE S A V IN G S B A N K — CHICOPEE.

Incorporated Feb. 27, 1845.
J ohn B. W

ood ,

Present number of corporators, 50.

President.
L uther W

R
h it e ,

u s se l l

L . S cott , Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o h n B. W o od ,
J . A . Ca r t e r ,

J a m e s L. P e a s e ,
G eorge A . E d gerto n .

Open for business every business day, 9

Balance

Sh ee t O

to 3 p . m .

81, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
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, .
.
.
.

ct.

a .m .

$65,000
22,600
2,000
22,000
100
65,000
656,880
138,114

00
00
00
00
00
00
00
00

25,350
200
140,000
14,213
1,210
2,801

00
00
00
07
73
56

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

$1,155,469 36

$1,080,618 14
52,500 00
4,933 09
17,418 13

$1,155,469 36

Cash on Deposit in Banks, amount in each : —
First National Bank, C h icopee,...............................................................
City National Bank, H o l y o k e ,...............................................................
Chicopee National Bank, Springfield,......................................................
City National Bank, Springfield,...............................................................
Pynchon National Bank, Springfield,......................................................
Second National Bank, S p rin g fie ld ,......................................................
Springfield National Bank, S p r in g f ie l d ,.............................................
Springfield Safe Deposit and Trust Company, Springfield,
Hampden Loan and Trust Company, Springfield,
.
.
.
.


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

$13,500
15,000
15,000
10,000
50,100
15,000
15,537
15,075
5,000

00
00
00
00
00
00
25
82
00

116

R E PO R T O F TH E

[Pub. D oc

Chicopee Savings Bank — Continued.
Loan on Bank Stock : —
24 shares City National Bank, H o l y o k e ,...................................................... $2,000 00
Loan on Railroad Stock: —
3

shares Boston & Albany R . R .,....................................................................

$100 00

Detailed Statement o f Public Funds.
Par Value.

City of Akron, Ohio, 5s, .
of Altoona, Pa., 4s, .
of Chicopee, Mass., 4s,
of Lynn, Mass., 4s, .
of Portland, Me., 6s,
of Providence, R. I., 4s, .
Town of Rockport, Mass., 4s, .

$5,000
10,000
16,000
10,000
5,000
10,000
9,000
$65,000

Estimated
Market Value.

$5,225
10,350
17,882
11,100
5,850
10,800
9,300

00
00
00
00
00
00
00

$70,507 00

Amount Invested.

$5,000
10,000
16,000
10,000
5,000
10,000
9,000

00
00
00
00
00
00
00

$65,000 00

No. o f
Shares.

I
I

Detailed Statement o f Bank Stocks.

10
100
66
50

Par Value.

N’l B’k of Redemption, Boston,
First National Bank, Chicopee,
Chapin N’l Bank, Springfield,
City Nat’l Bank, Springfield, .

$1,000
10,000
6,600
5,000
$22,600

Estimated
Market Value.

$1,180
13,500
8,580
7,200

00
00
00
00

$30,460 00

Amount Invested.

$1,000
10,000
6,600
5,000

00
00
00
00

$22,600 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R 4s,
Maine Central R.R. 5s,
New York, New Haven & Hartford
R.R. 4 s ,...........................................


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

Estimated
Market Value.

Amount Invested,

$4,000
3,000

$4,120 00
3,450 00

$4,000 00
3,000 00

15,000

17,325 00

15,000 00

$22,000

$24,895 00

$22,000 00

No. 8 .]

117

SA Y IN G S B A N K COM M ISSION ERS.

Chicopee Savings Bank — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3£s,

$65,000

Estimated
Market Value.

$74,750 00

Amount Invested.

$65,000 00

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

Amount.

$60,000 00
15.000 00
13.000 00

Kate.

Amount.

Rate.

3 per cent.
3è
“
3|
“

$118,000 00
15,000 00
224,050 00

4 per cent.
4^
“
41
“

Amount.

$21,000 00
496,594 00

Kate.

4f per cent.
5
“

Number of loans which are of an amount not exceeding $3,000 each, 346
Aggregate amount of the s a m e , ........................................................................ $350,219
Total number of loans upon real e s t a t e , ............................................. 350
Gross amount of interest or profits received or earned, as per books,
51,959
during year ending Oct. 31, 1 9 0 0 , ...............................................................
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.,
$19,379 46 j
39,374
during the year ending Oct. 31, 1900,.
.
1 2 per cent.,
19,994 60 J
Number of accounts opened during the year ending Oct. 31, 1900,
. 348
Number of accounts closed during the year ending Oct. 31,1900,
. 247
2,421
Total number of open accounts Oct. 31, 1900....................................
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
3,690
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
169,363
ending Oct. 31, 1900..............................................................................................

00

14
06

35
23

Number of s a m e , ..........................................................................................2,406
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of same................................................................................................1,940
Date of examination by commissioner: April 26.


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

132,905 94

[Pub. D oc

R E P O R T O F TH E

118

CHICOPEE F A L L S S A V IN G S B A N K — CHICOPEE F A L L S .

Incorporated May 11, 1875.

Present number of corporators, 36.

G e o r g e S. T a y l o r , President.
H e n r y J. B o y d , Treasurer.
H e n r y J. B o y d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H . S m it h N e w e l l ,
Ja m e s E . T a y l o r ,

Ja m e s F l in t ,
G eorge M . M orton.

Open for business every business day, 9 a . m . to 3 p . m . ; also Mondays, Thursdays
and Saturdays, 6 to 8 p . m .

Balance Sheet Oct.

L ia b il it ie s .

A ssets.

Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

31, 1900.

$33,125
17,515
11,000
376,389
67,854
78,830
4,893
204
3,255
3,049

00
42
00
48
08
53
43
13
00
95

$596,117 02

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

$562,243 94
14,171 66
1,843 43
17,857 99

$596,117 02

Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, Springfield,...............................................................$15,893 43
City National Bank, Springfield,........................................................................11,901 58
Pynchon National Bank, Springfield,...............................................................
20,721 72
Springfield National Bank, S p r in g f ie ld ,......................................................
21,347 08
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
13,860 15


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

No. 8 .]

119

S A Y IN G S B A N K CO M M ISSION ERS.

Chicopee Falls Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

First National Bank, Chicopee,
First N’l Bank, Easthampton,.
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
20 Hadley Falls N’l B’k, Holyoke,
50 Home Nat’l Bank, Holyoke, .
13 Palmer Nat’l Bank, Palmer, .
6 Agawam N’l Bank, Springfield,
40 Chapin N’l Bank, Springfield,
25 Chicopee N’l B’k, Springfield,
50 City Nat’l Bank, Springfield, .
20 First Nat’l Bank, Springfield, .
20 Springfield Safe Deposit and
Trust Co., Springfield,.
10
10
16

f 1,000
1,000

Estimated
Market Value.

Amount Invested.

$1,000 00
1,485 00

$1,350 00
500 00

1,600
3,410
5,000
1,300
600
4,930
2,500
5,000
3,300

00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00

1,600
2,000
5,000
1,300
600
4,000
2,500
5,000
2,000

1,632
2,500
5,750
1,625
300
5,200
3,875
7,200
2,100

2,000

3,000 00

3,000 00

$28,000

$35,032 00

$33,125 00

Detailed Statement o f Bailroad Bonds.

New York, New Haven & Hartford
R.R. 4 s,...........................................

Par Value.

Estimated
Market Value.

Amount Invested.

$15,000

$17,325 00

$17,515 42

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3is,

$10,000

Estimated
Market Value.

Amount Invested.

$11,500 00

$11,000 00

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

Rate.

Amount.

$67,830 53

3£ per cent.


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

Amount.

$11,000 00

Rate.

4 per cent.

Amount.

$444,243 56

Rate.

5 per cent.

120

R E P O R T O F TH E

[Pub. D oc.

Chicopee Falls Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 257
Aggregate amount of the same.............................................................................. $228,235 40
Total number of loans upon real e s t a t e , ............................................. 222
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
26,718 88
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend ( 2per cent.,
$9,944 15
20,347 04
during the year ending Oct. 31,1900, .
.
12
per cent.,10,402 89
Number of accounts opened during the year ending Oct. 31, 1900,
. 308
Number of accounts closed during the year ending Oct. 31, 1900,
. 230
Total number of open accounts Oct. 31, 1900....................................
1,834
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
2,105 19
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
112,116 73
Number of s a m e , ..........................................................................................2,536
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900...........................................................................................................
89,211 48
Number of s a m e ,.......................................................................................... 1 ,5 4 7
Date of examination by commissioner: April 25.


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

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

121

C IT IZ E N S ’ S A V IN G S B A N K — F A L L R IV E R .

Incorporated October, 1851.

Present number of corporators, 53.

J o h n C. M i l n e , President.
E . E. H a t h a w a y , Treasurer.
G e o r g e H . E d d y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J o h n C. M i l n e ,
Sam uel W . H a t h a w a y ,
H enry H . E a r l,
M arcus G . B . S w if t ,
W i l l i a m F. T h o m a s .

Open for business every business da y, 9 a .m . to 1 f . m.

B a l a n c e Sh e e t O c t .

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
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, .
.
.
.

31, 1900.

$178,000
295,440
433,000
25,000
16,083
2,405,847
884,388

00
00
00
00
87
00
00

14,666
138,985
3,311
2,772
4,736

50
23
07
66
24

$4,402,230 57

Deposits, .
Guaranty fund,
Discount, .
Suspense account,

.

$4,032,367
205,423
146,683
17,755

44
47
82
84

$4,402,230 57

Cash on Deposit in Banks, amount in each: —
Eliot National Bank, B o s t o n , ................................................................................$25,459
First National Bank, B o s t o n , ........................................................................
25,767
National Bank of Redemption, B o s t o n , ......................................................
33,524
National Bank of the Republic, B o s t o n , ......................................................
25,685
Washington National Bank, B o s to n ,...............................................................
28,548
Pocasset National Bank, Fall River...................................................................
3,311


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

33
29
15
61
85
07

[Pub. Doc.

R E PO R T O F TH E

122

Citizens’ Savings Bank — Continued.

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, .
.
.
.
City of Bay City, Mich., 8s,
of Chicago, 111., 4s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s,.
of Milwaukee, Wis., 5s, .
of Somerville, Mass., 4£s,
of Waterbury, Conn., 4 s ,.

$41,000
500
25.000
23.000
50.000
23.000
5,000
10,500
$178,000

Estimated
Market Value.

$44,850
655
27,500
25,760
57,000
24,610
5,150
11,470

00
00
00
00
00
00
00
00

Amount Invested.

$41,000
500
25.000
23.000
50.000
23.000
5,000
10,500

00
00
00
00
00
00
00
00

$196,995 00 $178,000 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

6
6
93
250
50
77
128
25
225
188
35
51
49
102
174
149
300
110
800
180
13

Par Value.

Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Merchants’ N’l Bank, Boston,.
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Sliawmut Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Washington N’l Bank, Boston,
Fall River N’l B’k, Fall River,
Massasoit N’l B’k, Fall River,
Metacomet N’l B’k, Fall River,
Nat’l Union Bank, Fall River,
Pocasset N’l Bank, Fall River,
Second Nat’l Bank, Fall River,
Railroad Nat’l Bank, Lowell, .


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

$600
-

9,300
25,000
5,000
7,700
12,800
2,500
22,500
18,800
-

5,100
4,900
10,200
17,400
14,900
30,000
11,000
80,000
18,000
1,300
$297,000

Estimated
Market Value.

$900
30
13,020
45,000
8,150
8,470
15,104
3,500
24,075
31,584
280
5,457
5,341
10,506
18,270
23,095
37,500
11,550
120,000
27,900
1,625

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

Amount Invested.

$600 00
-

9,300
25,000
5,000
7,700
12,800
2,500
22,500
18,800

00
00
00
00
00
00
00
00

-

5,100
4,900
10,200
16,012
14,900
30,000
11,000
80,000
18,000
1,127

00
00
00
50
00
00
00
00
00
50

$411,357 00 $295,440 00

No. 8 .]

123

S A Y IN G S B A N K CO M M ISSION ERS.

Citizens’ Savings Bank — Continued.

Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R.
4Js,
.
.
.
.'
.
Boston, Winthrop & Shore R.R. 5s,.
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4^s, .
Maine Central R.R. 5s,
Maine Central R R 7s,
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York & New England R.R. 6s,
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Troy & Boston R.R. 7s, .
Worcester, Nashua & Roch. R.R. 4s,

$25,000
20,000

Estimated
Market Value.

Amount Invested.

$27,750 00
25,200 00

$25,000 00
20,000 00

6,000
7,000
10,000
47,000
20,000
1,000
25,000
75,000
26,000
2,000
31,000

7,140
7,490
10,500
54,050
22,000
1,100
25,000
83,500
28,860
2,300
41,540

00
00
00
00
00
00
00
00
00
00
00

6,000
7,000
10,000
47,000
20,000
1,000
25,000
75,000
26,000
2,000
31,000

00
00
00
00
00
00
00
00
00
00
00

58,000
5,000
25,000

71,920 00
5,450 00
27,750 00

58,000 00
5,000 00
25,000 00

20,000
5,000
25,000

26,600 00
7,700 00
26,750 00

20,000 00
5,000 00
25,000 00

$433,000 $502,600 00 $433,000 00

Boston Terminal Company Bonds.

Boston Terminal Company 3£s,

Par Value.

Estimated
Market Value.

Amount Invested.

$25,000

$28,750 00

$25,000 00

lo ta l Am ount of Loans , with Each Specified Rate o f Interest.
Amount.

$138,985 23
762,916 50

Rate.

2 per cent.
4
« ^


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

Amount.

Rate.

Amount.

Rate.

$329,482 00
1,361,055 00

4£ per cent.
5
“

$614,114 00
237,334 00

5J per cent.
6
“

124

R E P O R T O F TH E

[Pub. D oc.

Citizens’ Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$16,083 87
Assessed value of the s a m e ,.................................................................................
14,850 00
Net income received from same during year ending Oct. 31, 1900,
134 55
Number of loans which are of an amount not exceeding $3,000 each, 391
Aggregate amount of the same,
........................................................................
517,194 00
Total number of loans upon real e s t a t e , ............................................. 545
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 ,...............................................................
209,595 44
Times for the dividends fixed by the by-laws: second Monday in June
and December.
Rate and amount of each semi-annual dividend f 2 per cent., $75,459 42
} 152,451 71
during the year ending Oct. 31,1900, .
. 1 2 per cent.,
76,992 29
Number of accounts opened during the year ending Oct. 31, 1900,
1,715
Number of accounts closed during the year ending Oct. 31, 1900,
1,473
Total number of open accounts Oct. 31, 1900,
.
.
.
.
6,704
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
11,552 58
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
605,681 62
Number of s a m e , .......................................................................................... 6,435
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
614,468 19
Number of s a m e , .......................................................................................... 5,927
Date of examination by commissioner: September 7.


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Federal Reserve Bank of St. Louis

No. 8 .]

125

SA V IN G S B A N K CO M M ISSION ERS.

C IT Y SA V IN G S B A N K — P IT T SF IE L D .
Incorporated April 13, 1893.

Present number of corporators, 32.

F r a n c is W . R o c k w e l l , President.
H ir a m B. W e l l in g t o n , Treasurer.
B e n j a m in M . E n g l a n d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H e n r y R . P e ir s o n ,
A rth u r A . M il l s ,
J a c ob G i m l i c h ,
H ir a m B . W e l l in g t o n ,
W il l ia m M . M e r c e r .
•

Open for business every business day except Saturdays, 9
days, 9 a .m . to 6 p . m .

Ba l a n c e Sh e e t O c t .

to 3

p m .;

Satur­

31, 1900.

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,
Boston Terminal Co. bonds,
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,
Unpaid interest, .
.
.
.
Premium account,
Cash on hand, .
.
.
.

a .m .

$11,030
6,228
1,450
59.000
40.000
5,227
315,507
33,225

00
00
00
00
00
83
73
00

1,600
920
875
10,029
604
101
6,667
1,663

00
00
56
56
72
89
50
80

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

$494,101 59

$485,515 98
5,000 80
2,647 67
693 69
243 45

$494,101 59

Cash on Deposit in Banks, amount in each : —
Agricultural National Bank, Pittsfield,
Pittsfield National Bank, Pittsfield,
Third National Bank, Pittsfield, .
Berkshire Loan and Trust Company, Pittsfield,

$2,082
2,019
5,427
1,375

45
14
97
56

Loans on Bank Stock, amount on each: —
12 shares Berkshire Loan and Trust Company, Pittsfield, .
5 shares Third National Bank, Pittsfield, .
.
.
.


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Federal Reserve Bank of St. Louis

$ 1,200 00
250 00

126

R E P O E T O F TH E

[Pub. D oc

City Savings Bank — Continued.

Detailed Statement o f Public Funds.
Par Value.

Town of Adams, Mass., 5s,
of Stoughton, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$5,000
6,000

$5,350 00
6,720 00

5.000 00
6.000 00

$11,000

$12,070 00

$11,000 00

Ko. of
Shares.

Detailed Statement o f B ank Stocks.
•

10
5
19
10

Berkshire N’l B’k, No. Adams,
Agricultural N’l B’k, Pittsfield,
First Nat’l Bank, Springfield, .
Housatonic N’l B’k, Stockb’dge,

Par Value.

Estimated
Market Value.

$1,000
500
1,900
1,000

$1,070
1,225
1,995
1,450

$4,400

$5,740 00

00
00
00
00

Amount Invested.

$1,075
1,300
2,318
1,535

00
00
00
00

$6,228 00

Detailed Statement o f Railroad Bonds.
*
Boston, Revere Beach & Lynn R.R.
4 i j s , ...........................................
Chic., Burlington & Quincy R.R, 3£s,
Concord & Montreal R.R. 4s, .
Dexter & Newport R.R 4s,
Erie & Pittsburgh R.R. 3és,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3ès, .
Penobscot Shore Line R.R. 4s,

Par Value.

$5,000
11,000
4.000
5.000
1.000
5.000
20,000
8.000
$59,000

Estimated
Market Value.

$6,000
11,412
4.400
5.400
1,025
5,650
20,400
8,750

00
00
00
00
00
00
00
00

$63,037 00

Amount Invested.

$5,000
11,000
4.000
5.000
1.000
5.000
20,000
8.000

00
00
00
00
00
00
00
00

$59,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Companj' 3^s,


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Federal Reserve Bank of St. Louis

$40,000

Estimated
Market Value.

Amount Invested.

$46,000 00

$40,000 00

No. 8 .]

127

SA V IN G S B A N K COM M ISSION ERS.

City Savings Bank — Concluded.

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

$875 56
1,600 00

Eate.

2 per cent.
4
“

Amount.

$10,000 00
320,522 73

Rate.

4| per cent.
5
“

Amount.

$20,580 00

Kate.

6 per cent.

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$5,227 83
5,100 00
Assessed value of the s a m e ,.................................................................................
189 45
Net income received from .same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 146
181,290 82
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 149
Gross amount of interest or profits received or earned, as per books,
20,402 91
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: January 10 and July 10.
Rate and amount of each semi-annual dividend j 1| per cent.,
$7,285 93 1 14,806 29
during the year ending Oct. 31, 1900,.
. 1 If per cent.,
7,520 36 J
Number of accounts opened during the year ending Oct. 31, 1900,
. 471
Number of accounts closed during the year ending Oct. 31, 1900,
. 287
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,510
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
2,108 43
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
146,885 64
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .................................................................................1,994
Amount of withdrawals, including dividends, during the year ending
120,189 53
Oct. 3 1 , 1 9 0 0 , ...................................................................................................
Number of s a m e , ................................................................................. 1,266
Date of examination by commissioner: September 19.


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Federal Reserve Bank of St. Louis

128

R E P O R T O F TH E

[Pub. Doc

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.

Present number of corporators, 51.

J o h n E. G a l e , President.
G e o r g e W . N o t e s , Treasurer.
G e o r g e W . N o t e s , Clerk o f the Corporation.

Names of committee charged with the investment’of its funds:
S. P . G a r d n e r ,
G e o r g e N ic h o l s , 2 d ,
S a m u e l W . H o p k in s o n ,
J o h n E. G a l e ,
P h i l i p C. S w e t t .

Open for business every business day except Saturdays, 9 a . m . to 2 p . m . ; Saturdays,
9 a . m . to 12.30 P.M.

B a l a n c e Sh e e t O c t.

31, 1900.

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, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Taxes paid,
.
.
.
.
Premium account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$201,250
32,350
11,040
300.000
4,250
150.000
11,820
668,215
488,813
56,940
2,732
2,360
20,090
2,002

00
00
00
00
00
00
59
00
50
15
81
32
44
28

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

$1,951,865 09

$1,816,143 23
90,600 00
33,391 79
11,635 09
94 98

$1,951,865 09

Cash on Deposit in Banks, amount in each: —
First National Bank, Haverhill,....................................
Haverhill National Bank, Haverhill, .
.
.
.
Haverhill Safe Deposit and Trust Company, Haverhill,

$31,940 15
15.000 00
10.000 00

Loans on Bank Stock, amount on each: —
8 shares First National Bank, Haverhill, .
10 shares First National Bank, Haverhill, .
18 shares Pacific National Bank, Lawrence,
12 shares National Bank of Methuen, Methuen,.


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Federal Reserve Bank of St. Louis

$800 00
3,000 00

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

129

City Five Cents Savings Bank — Continued.
18 shares
14 shares
40 shares
8 shares
20 shares
5 shares

First National Bank, Haverhill,.....................................................
First National Bank, H averhill,.....................................................
Farmington National Bank, Farmington, N. H.,
.
.
.
First National Bank, H averhill,.....................................................
Second National Bank, H a v e r h i l l , ............................................
Second National Bank, H a v e r h i l l , ............................................

$800 00
840 00
2,500 00
600 00
2,000 00
500 00

Loans on Railroad Stock, amount on each: —
6 shares Boston & Maine R . R . , ......................................................................
26 shares Boston & Maine R . R . , ......................................................................

$600 00
3,650 00

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, .
.
.
.
City of Brockton, Mass., 4s,
of Cleveland, Ohio, 4s,
of Haverhill, Mass., 4s, .
of Kansas City, Mo., 4 is ,.
of Indianapolis, Ind., 4s, .
of Medford, Mass., 4s,
of Newton, Mass., 4s,
of Portsmouth, N. H., 4s,.
of Waterbury, Conn., 4 s ,.
of Youngstown, Ohio, 5s,
Town of Bradford, Mass., 4s, .
of Plaistow, N. IL, 4s, .

$25,000
7,000
5,000
51,000
10,000
10,000
15,000
25,000
10,000
15,000
10,000
16,250
2,000

Estimated
Market Value.

$27,750
7,385
5,075
53,855
11,400
11,200
16,120
29,425
10,900
15,150
10,575
16,930
2,130

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

Amount Invested.

$25,000
7,000
5,000
51,000
10,000
10,000
15,000
25,000
10,000
15,000
10,000
16,250
2,000

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

$201,250 $217,895 00 $201,250 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

30
25
9
15
100
140
35
17

Par Value.

Massachusetts N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
Tremont Nat'l Bank, Boston, .
Essex Nat’l Bank, Haverhill, .
First Nat’l Bank, Haverhill, .
Haverhill N’l Bank, Haverhill,
Merrimac N’l Bank, Haverhill,


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Federal Reserve Bank of St. Louis

$3,000
2,500
900
750
10,000
14,000
3,500
1,700
$36,350

Estimated
Market Value.

$3,000
4,075
990
150
6,000
21,000
5,250
2,550

00
00
00
00
00
00
00
00

$43,015 00

Amount Invested.

$3,000
2,500
900
750
6,000
14,000
3,500
1,700

00
00
00
00
00
00
00
00

$32,350 00

130

R E P O R T O F TH E

[Pub. D oc

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

Par Value.

Bennington & Rutland R.R. 4£s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4is,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. S^s,.
Maine Central R.R. 4s,
Maine Central R.R. 7s,
New York & New England R.R. 6s,
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4 s,.
Worcester, Nashua & Roch. R.R. 4s,

$10,000
55,000
10,000
25,000
5,000
35,000
35,000
15,000
10,000
25,000
40,000
10,000
15,000
10,000

Estimated
Market Value.

$11,500
63,225
12,650
27,500
5,200
37,895
35,000
15,825
13,450
27,375
44,925

Amount I nvested.

00
00
00
00
00
00
00
00
00
00
00

$10,000
55,000
10,000
25,000
5,000
35,000
35,000
15,000
10,000
25,000
40,000

00
00
00
00
00
00
00
00
00
00
00

13,300 00
16,200 00
10,700 00

10,000 00
15,000 00
10,000 00

$300,000 $334,745 00

$300,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 34s,

$150,000

Estimated
Market Value.

Amount Invested.

$172,500 00 $150,000 00

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

$31,940
25.000
95.000
241,450

Rate.

15
00
00
00

24

3
3|
4

per cent.
“
“
“

Amount.

$3,638 50
117,175 00
616,665 00

Rate.

4| per cent.
4i
“
5
“

Amount.

$20,000 00
31.365 00
47,025 00

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 280
Aggregate amount of the same..............................................................................
Total number of loans upon real e s t a t e , ............................................. 310


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Federal Reserve Bank of St. Louis

Rate.

5| per cent.
*>4
“
6
“

$11,820 59
12,200 00
470 86
393,343 50

N o. 8 .]

SA Y IN G S B A N K

COM M ISSION ERS.

131

City Five Cents Savings Bank — Concluded.
Amount of investments from which no income is received, .
.
$6,750 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
83,336 06
Times for the dividends fixed by the by-laws: first Wednesday in June
and December.
Rate and amount of each semi-annual dividend f 2 per cent., $33,540 39 }
63,901 98
during the year ending Oct. 31, 1900, .
. i 1| per cent.,
30,361 59
Number of accounts opened during the year ending Oct. 31, 1900,
1,046
Number of accounts closed during the year ending Oct. 31, 1900,
. 891
Total number of open accounts Oct. 31, 1900,
.
.
.
.
7,016
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
5,410 52
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
297,551 14
Number of same...................................................................................... 6,386
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
297,077 26
Number of s a m e , .................................................................................5,185
Date of examination by commissioner: January 25.


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Federal Reserve Bank of St. Louis

132

R E P O R T OF TH E

[Pub. D oc

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 of corporators, 33.

F r e d A. B u t t e ic k , President.
F r a n k W . H u r d , Treasurer.
F r a n k W . H u r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A d d is o n P u t n a m ,
F r e d A . B u t t r ic k ,
L e o n a r d H un tress,
F r a n k Cobu r n ,
H e n r y C. Cooper.

Open for business every business day, 9

a .m .

to 1 p . m . ; also Saturdays, 7 to 9

p .m .

♦
Balance

Sh eet O ct.

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, .
Bank liquidation account, .
Suspense account,
Cash on hand, .
.
.
.

31, 1900.

$1,126,000
538,555
45,300
1,625,000
34,868
2,637,428
1,332,658

00
00
00
00
79
48
68

58,800
186,379
3,380
2,469
506

00
84
95
34
27

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

$7,591,347 35

$7,057,285 94
350,000 00
101,302 46
82,758 95

$7,591,347 35

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
National Shawmut Bank, Boston,
Third National Bank, Boston,
.
Appleton National Bank, Lowell,
Pynchon National Bank, Springfield,

$2,305
31,588
1,786
100,699
50,000

00
44
90
50
00

Loans on Bank Stock, amount on each: —
38
111

shares Wamesit National Bank, Lowell,
shares Pacific National Bank, Lawrence,


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Federal Reserve Bank of St. Louis

* This loan, in excess of the legal limit, has been paid.

$3,800 00*
9,500 00

No. 8 .]

133

SA Y IN G S B A N K COM M ISSION ERS.

City Institution for Savings — Continued.

. ,
20 shares Lowell Trust Company, Lowell,
90 shares Old Lowell National Bank, Lowell, .
20 shares Lowell Trust Company, Lowell,
5 shares Appleton National Bank, Lowell,
30 shares Old Lowell National Bank, Lowell, .
10 shares Massachusetts Loan and Trust Company, Boston,
10 shares Prescott National Bank, Lowell,
6 shares Appleton National Bank, Lowel >
•
15 shares First National Bank, Lowell,
10 shares Merchants’ National Bank, Lowell, .
100 shares Appleton National Bank, Lowell
24 shares Prescott National Bank, Lowell,
•

$1,500 00
9,000 00

|

.

2,100 00
3,000 00

700 00
1,000 00

.

500 00
1,500 00

700 00
10,000 00
2,000 00

Detailed Statement o f Public Funds.
Estimated
Market Value.

Massachusetts 3ès, .
.
.
.
County of Middlesex, Mass., 4s,
City of Altoona, Pa., 4s, .
of Des Moines, Iowa, 4s, .
of Fitchburg, Mass , 4s, .
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, M ass., 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Saginaw, Mich., 4ès, .
of Water bury, Conn., 4s ,.
Town of Cranston, R. I., 4s,
of Leominster, Mass., 4s,
of Maynard, Mass., 4s, .

Ainuuni Iiiv^sLccL

$116,000 $128,180 00 $100,000 00
43,900 00
39,000
39,000 00
50,000
55,500 00
50,000 00
27,040 00
26,000
26,000 00
125,000
138,425 00
125,000 00
111,875 00
100,000
100,000 00
113,500 00
100,000
100,000 00
56,250 00
50,000 00
50,000
111,825 00
100,000
100,000 00
165,872 50
148,000 00
148,000
50,000
54,600 00
50,000 00
100,000
109,250 00
100,000 00
82,140 00
74,000 00
74,000
55,615 00
49,000 00
49,000
16,612 50
15,000 00
15,000
$1,142,000 $1,270,585 00 $1,126,000 00

Detailed Statement o f Bank Stocks.
C-, «

O 01
Par Value.

ê l
80

200
204
124
39
100
200

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Bunker Hill N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .


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Federal Reserve Bank of St. Louis

$8,000
20,000
9,180
12,400
3,900
10,000
20,000

Estimated
Market Value.

$9,200
20,000
5,100
12,896
7,410
14,000
36,000

00
00
00
00
00
00
00

Amount Invested.

$8,000
20,000
9,180
12,400
3,900
10,000
20,000

00
00
00
00
00
00
00

134

R E P O R T O F TH E

[Pub. D oc

City Institution for Savings — Continued.

No. of
Shares.

Detailed Statement o f Bank Slocks — Concluded.

125
44
100
150
100
400
400
78
50
150
500
36
70
65
40
265
100
100
108
136
300
118
39
25
610
94
75
51
220
78
100
25
42

Par Value.

Massachusetts Loan and Trust
Co., Boston, .
.
.
.
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k, Boston,.
N’l Bank of Commerce, Boston,
Nat’l Bank of the Common­
wealth, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston, .
National Union Bank, Boston,
N’l Webster Bank, Boston,
New England N’l B’k, Boston,
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
Shawmut N’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Bay State N’l Bank, Lawrence,
Appleton Nat’l Bank, L ow ell,,
First National Bank, Lowell, .
Merchants’ Nat’l B’k, Lowell,.
Old Lowell Nat’l B’k, Lowell,
Prescott Nat’ l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, Lowell, .
First Nat’l Bank, Marlborough,
Framingham National Bank,
South Framingham,


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

Estimated
Market Value.

Amount Invested.

$12,500
4,400
10,000
15,000

$14,281
7,172
10,000
16,500

25
00
00
00

10,000
40,000
40,000

18,900
47,200
56,000
312
7,000
16,050
84,000
4,788
6,720
9,100
4,000
46,110
800
12,200
11,556
14,824
29,100
1,180
4,017
2,875
75,030
13,160
11,625
5,865
24,200
9,750
11,000
2,875

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

10,000 00
40,000 00
40,000 00

5,880 00

4,200 00

-

5,000
15,000
50,000
3,600
7,000
6,500
4,000
26,500
_
10,000
10,800
13,600
30,000
5,900
3,900
1,875
61,000
9,400
7,500
5,100
22,000
7,800
10,000
2,500
4,200
$538,555

$12,500
4,400
10,000
15,000

00
00
00
00

—

5,000
15,000
50,000
3,600
7,000
6,500
4,000
26,500

00
00
00
00
00
00
00
00

10,000
10,800
13,600
30,000
5,900
3,900
1,875
61,000
9,400
7,500
5,100
22,000
7,800
10,000
2,500

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

_

$688,676 25 $538,555 00

No. 8 .]

135

SA V IN G S B A N K CO M M ISSION ERS.

City Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R 4s,
Chic., Burlington & Quincy R.R. 4s,
Chicago & North Western R.R. 7 s,.
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Erie & Pittsburgh R.R. 3ès,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R.R. 4is, .
Michigan Central R.R. 6s,
Narraganset Pier R.R. 4s,
New York, New Haven & Hartford
R.R. 4s.............................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 5s,
Sullivan County R.R. 4 s ,.
Worcester, Nashua & Roch. R.R. 4s,

Estimated

| Market Value.

Amount Invested.

$200,000 $215,922 50 $200,000 00
200,000 00
220,000 00
200,000
100,000 00
137,500 00
100,000
200,000 00
219,000 00
200,000
50,000 00
57,000 00
50,000
25,000 00
25,250 00
25,000
50,000 00
50,000
55,581 25
50,000 00
55,125 00
50,000
50,000 00
53,000 00
50,000
50,000 00
50,000
55,625 00
100,000 00
111,800 00
100,000
25,000 00
26,750 00
25,000
50,000
100,000
200,000
25,000
100,000
50,000

57,500
111,000
228,500
27,875
110,500
55,250

00
00
00
00
00
00

50,000
100,000
200,000
25,000
100,000
50,000

00
00
00
00
00
00

$1,625,000 $1,823,178 75 $1,625,000 00

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

Amount.

Rate.

Amount.

Rate.

$136,379 84
911,410 00
2,000 00

2 per cent.
4
4Î
“

$1,099,488 59
2,053,747 89
9,500 00

4£ per cent.
5
5è
«

Rate.

Amount.

$48,040 68

6 per cent.

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 553
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 653
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: second Saturday in January
and July.
Rate and amount of each semi-annual dividend J 2 per cent., $131,027 09 j
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
133,641 23 J
Number of accounts opened during the year ending Oct. 31, 1900,
2,031
Number of accounts closed during the year ending Oct. 31, 1900,
1,747
Total number of open accounts Oct. 31, 1900,
.
.
.
.
16,942


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

$34,868 79
41,900 00
700,050 52
24,446 69
335,168 74

264,668 32

136

R E P O R T O F TH E

[Pub. D oc.

City Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of same...................................................................................... 15,472
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of same...................................................................................... 17,128
Date of examination by commissioner: December 11.


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

$14,899 90
950,907 15

971,567 9T

No. 8 .]

137

SA V IN G S B A N K CO M M ISSION ERS.

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, 43.

J o h n E . T h a y e r , President.
C. L. S. H a m m o n d , Treasurer.
C. L. S. H a m m o n d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Lucius F i e l d ,
G e o r g e P. T a y l o r ,

E. S. F u l l e r ,
C. C. S t o n e ,

J o h n E. T h a y e r .

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

B a l a n c e Sh e e t O c t .

to 12

m.

; 1 to 3

p .m .

;

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Premium account,
Cash on hand, .
.
.
.

a .m .

$68,500
80
64,700
315
146,500
33.000
900
873,399
704,637

00
00
00
00
00
00
00
79
50

195,285
48,233
20,661
10.000
21,025

67
50
44
00
47

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

$2,187,238 37

$2,101,622 20
83,000 00
2,616 17

$2,187,238 37

Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , ........................................................................ $48,233 50
First National Bank, C l i n t o n , ........................................................................
20,661 44
Loan on Public Funds : —
$1,000 United States 4s............................................................................................

$80 00

Loans on Bank Stock, amount on each : —
10 shares First National Bank, L y n n ,............................................................... $200 00
9 shares Northern National Bank, Hallowed, Me........................................
115 00


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

138

R E P O R T O F TH E

[Pub. D oc.

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

Par Value.

City of Boston, Mass., 5s,
of Cambridge, Mass., 6s, .
Town of Clinton, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$2,000
5,000
61,500

$2,180 00
5,475 00
65,952 50

$2,000 00
5,000 00
61,500 00

$68,500

$73,607 50

$68,500 00

Detailed Statement o f Bank Stocks.
H-t 73

o. a
>
^

Par Value.

êl
14 Atlas National Bank, Boston, .
20 Central National Bank, Boston,
50 Manufacturers’ N’l B’k, Boston,
30 Metropolitan N’l Bank, Boston,
5 National City Bank, Boston, .
10 N’l Hide & Leather B’k, Boston,
70 Nat’l Webster Bank, Boston, .
338 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, .

$1,400
2,000
3.000
1.000
7.000
33,800
4.000
5.000

Estimated
Market Value.

$1,400
2,380
150
3.000
20
1,070
6,720
42,250
5,600
6,250

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$1,400 00
2,000 00
3.000 00
1.000
7.000
33,800
5,500
5.000

00
00
00
00
00

1.000
5,000

250 00
8.000 00

1.000 00
5,000 00

$63,200

$77,090 00

$64,700 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3¿s, .
Maine Central R.R. 7s,
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5s.............................................


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

$20,000
1,000
20,000
6,000
35.000
13.000
7,000

Estimated
Market Value.

$21,400
1,025
20.400
6,240
37,175
13,162
9,415

00
00
00
00
00
50
00

Amount Invested.

$20,000
1,000
20,300
6,000
35.000
13.000
7,000

00
00
00
00
00
00
00

15.000
16.000

17.400 00
17,795 00

16.000 00
16,500 00

10,000

13,300 00

11,700 00

$143,000 $157,312 50 $146,500 00

No. 8 .]

139

SA Y IN G S B A N K COM M ISSION ERS

Clinton Savings Bank — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3is,

$30,000

Estimated
Market Value.

Amount Invested.

$34,500 00

$33,000 00

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

Amount.

$48,233
129,000
25,000
175,285

50
00
00
67

Kate.

Amount.

Kate.

2 per cent.
3è
“
3f
“
4
»

$360,500 00
59,000 00
915,665 79

4^ per cent.
4f
5
“

Amount.

$10,000 00
106,616 50
1,650 00

Rate.

5f per cent.
6
“
7
“

$900 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Number of loans which are of an amount not exceeding $3,000 each, 421
476,780 46
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 412
Gross amount of interest or profits received or earned, as per books,
90,120 16
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : second Monday in April and
October.
Rate and amount of eachsemi-annual dividend f I f per cent., $34,757 36 1 69,707 35
during the year ending Oct.31, 1900, .
.
1 If per cent.,
34,949 99 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 974
Number of accounts closed during the year ending Oct. 31, 1900,
. 779
Total number of open accounts Oct. 31, 1900,
.
.
.
.
6,468
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
5,396 85
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
358,570 05
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.......................................................................................... 5,377
Amount of withdrawals, including dividends, during the year ending
392,701 60
Oct. 31, 1900............................................................................................................
Number of s a m e , .......................................................................................... 4,454
Date of examination by commissioner: March 22.


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

R E P O R T O F TH E

140

[Pub. Doc,

COHASSET S A V IN G S B A N K — COHASSET.

Incorporated Feb. 28, 1845.

Present number of corporators, 33.

A b r a h a m H. T oaver , President.
C a l e b L o t h r o p , Treasurer.
C a l e b L o t h r o p , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A braham H. T ow er,
C.
Ja m e s P r a t t ,

C a l e b F. N ic h o l s ,
G e o r g e K . N ic k e r s o n .

Open for business every business day except Saturdays, 8.30
1.30 to 4 p . m .

B a l a n c e Sh e e t O c t .

to 12.30

p .m .

;

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. 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,
Suspense account,
Furniture and fixtures,
Cash on hand.................................

a .m .

$14,000
23,451
48.000
20.000

00
00
00
00

14,428
44,736
494,007
50,000

21
08
00
00

57,500
13,188
945
823
900
2,565

00
94
34
06
00
64

$784,545 27

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

$737,363 26
31,345 00
11,010 58
4,826 43

$784,545 27

Cash on Deposit in Banks, amount in each: —
Atlas National Bank, B o s t o n , ........................................................................ $ 10,315 92
Hingham National Bank, H in g h am ,...............................................................
2,873 02


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

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS

141

Cohasset Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Springfield, Ohio, 4£s,
Town of Foxborough, Mass., 4s,
of Methuen, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

19,000
2,000
3,000

$10,110 00
2,272 50
3,420 00

$9,000 00
2,000 00
3,000 00

$14,000

$15,802 50

$14,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

25
13
45
20
40
20
30
23
22
43
18
25
30
26
15
10
12
32
15
18
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 National Bank, Boston,
Market National Bank, Boston,
Merchants’ Nat’l Bank, 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,
N’l Shawmut 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,


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

$2,500
585
-

60
-

320
2,460
2,300
2,200
-

36
2,500
690
2,600
1,500
1,000
-

1,500
900
1,000
$22,151

Estimated
Market Value.

$2,500
325
135
40
200
20
600
3,749
3,080
172
18
2,675
150
4,368
1,995
960
12
256
1,605
180
1,030

Amount Invested.

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

$2,500 00
585 00

$24,070 00

$23,451 00

-

60 00
_

320
2,460
2,300
2,200

00
00
00
00

-

36
2,500
690
3,900
1,500
1,000

00
00
00
00
00
00

-

1,500 00
900 00
1,000 00

142

R E P O R T O F TH E

[Pub. D oc.

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

Par Value.

Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
New York & New England R.R. 7s,
Upper Coos R.R. 4£s,

$5,000
13.000
15.000
5,000
10.000
$48,000

Estimated
Market Value.

$5,700
14,820
16,720
5,650
11,300

Amount Invested.

00
00
00
00
00

$5,000
13.000
15.000
5,000
10.000

$54,190 00

00
00
00
00
00

$48,000 00

Boston Terminal Company Bonds.

Boston Terminal Company 3£s,

Par Value.

Estimated
Market Value.

Amount Invested.

$ 2 0 ,0 0 0

$23,000 00

$ 2 0 ,0 0 0 0 0

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

$13,188 94
51,500 00
9,000 00

Rate.

2 per cent.
4
“
4i
“

Amount.

$62,300 00
6,000 00
244,900 00

Rate.

4J per cent.
4|
“
5
“

Amount.

$5,000 00
116,237 00
106,570 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, 1900,
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,..........................................................................................
Assessed value of the same............................................................................
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 163
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 210
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: first Tuesday in January
and July.


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

Rate.

54 per cent.
H
6

“
“

$14,428 21
15.000 00

11.000 00
306 23
44,736 08
43,450 00
1,286 93
171,457 00
3,500 00
34,667 05

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

143

Cohasset Savings Bank — Concluded.
Rate and amount of eachsemi-annualdividend j 2per cent.,
$13,407 66 1
$27,054 40
during the year ending Oct. 31, 1900, .
.
12per cent.,
13,646 74i
Number of accounts opened during the year ending Oct. 31, 1900,
. 217
Number of accounts closed during the year ending Oct. 31, 1900,
. 126
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,662
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
2,221 94
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
113,003 94
ending Oct. 3 1 ,1 9 0 0 ,..........................................................................................
Number of s a m e , .......................................................................
1,199
Amount of withdrawals, including dividends, during the year ending
97,136 11
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .......................................................................................... 1,038
Date of examination by commissioner: August 3.


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

144

R E P O R T O F TH E

[Pub. Doc,

C O M M O N W E A L T H S A V IN G S B A N K — L Y N N .
Incorporated March 28, 1900.

Present number of corporators, 25.

B e n j a m in W . C u r r i e r , President.
W i l l i a m M. B a r n e y , Treasurer.
C . N e a l B a r n e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
T h o m a s C a m p b e l l , 2d,
E ugene A . P utn am ,
P a t r i c k B. M a g r a n e ,
W a l t e r M. L i b b e y ,
W i l l i a m M. B a r n e y .

Open for business every business day, 9

a .m .

to 1 p . m . ; also Saturdays, 3 to 6

p .m .

Balance Sheet Oct . 31, 1900.

A ssets.

Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on real estate, .
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Premium account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$2,500
1,000
27,600
5,663
103
734
755
649

00
00
00
77
20
74
00
43

Deposits, .
Interest account,

$39,006 14

$38,750 80
255 34

$39,006 14

Cash on Deposit in Banks, amount in each : —
Manufacturers National Bank, Lynn, .
-Metropolitan National Bank, Boston, .
National Bank of Redemption, Boston,

$1,853 59
1,898 42
1,911 76

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
10
5

Par Value.

Central National Bank, Boston,
Commercial N’ l Bank, Boston,
People’s National B’k, Boston,


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

Estimated
Market Value.

Amount Invested.

$1,000
1,000
500

$1,190 00
1,400 00
595 00

$1,000 00
1,000 00
500 00

$2,500

$3,185 00

$2,500 00

No. 8 .]

145

S A Y IN G S B A N K COM M ISSION ERS

Commonwealth Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Fitchburg R.R. 5s,

$1,000

.

Estimated
Market Value.

Amount Invested..

$1,055 00

$1,000 00

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

Amount.

$3,765 35
1,898 42

2

H

per cent.
“

Rate.

Amount.

$18,900 00
8,300 00

5 per cent.
»

Amount.

$400 00

6

per cent.

5è

Number of loans which are of an amount not exceeding $3,000 each,
9
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: first Wednesday of June
and December.
Number of accounts opened during the year ending Oct. 31, 1900,
. 221
Number of accounts closed during the year ending Oct. 31, 1900,
.
15
Total number of open accounts Oct. 31, 1 9 0 0 , .................................... 206
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31,1900...............................................................................................
Number of s a m e ,..........................................................................................380
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e ,..........................................................................................47
Date of examination by commissioner : October 8 .


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

Rate.

$17,200

00

255 34

103 20
43,126 80

4,376 00

146

R E P O R T O F TH E

[Pub. D oc

C O N W A Y S A V IN G S B A N K — C O N W A Y .
Incorporated March 10, 1887.

Present number of corporators, 25.

J o h n B . P a c k a r d , President.
W il l i a m G . A v e r t , Treasurer.
W i l l i a m G . A v e r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Carlos B a t c h e l d e r ,
Charles L. B otden,
A rth ur P . D e la bar re,
Jo h n B . P a c k a r d ,
H a r r is D . P e a s e .

Open for business every business day, 9

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand, .
.
.
.

a .m .

to 3

p .m .

31, 1900.

L ia b il it ie s .

$ 1 0 ,0 0 0 00
5.000 00
6,250 00
1 0 ,0 0 0 00

5.000
163,966
9,988
39,616
550
2,589

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

00
00
74
71
00
10

$252,960 55

$248,113 48
4,741 10
105 97

$252,960 55

Cash on Deposit in Banks, amount in each: —
Old Colony Trust Company, B o s to n ,............................................................... $2,616 71
Conway National Bank, C o n w a y , .......................................................
7,000
Packard National Bank, Greenfield,...............................................................
5,000
Northampton National Bank, N o r t h a m p to n ,.............................................
5,000
Pynchon National Bank, Springfield,...............................................................
10,000
Hampden Loan and Trust Company, S p r in g f ie ld ,....................................
10,000

00
00
00
00
00

Loans on Bank Stock, amount on each : —
3 shares Conway National Bank, C o n w a y , .............................................
4 shares Conway National Bank, C o n w a y , .............................................
10 shares City National Bank, H o l y o k e ,..................................................
30 shares Park National Bank, H o l y o k e ,......................................................
40 shares Agawam National Bank, Springfield,.............................................


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

$200
250
800
3,000
2,000

00
00
00
00
00

No. 8 .]

147

SA Y IN G S B A N K COM M ISSION ERS

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

Par Value.

City of
of
of
of
of
of
of
of
of

Boston, Mass., 5s,
Canton, Ohio, 5 s,.
Fitchburg, Mass., 6s, .
Holyoke, Mass., 4s,
Milwaukee, Wis., 5s, .
Newton, Mass., 4s,
Somerville, Mass., 4s, .
Springfield, Ohio, 4£s,.
Worcester, Mass., 5s, .

$1,000
1,000
1,000
2,000
1,000
1,000
1,000
1,000
1,000
$10,000

Estimated
Market Value.

$1,080
1,020
1,115
2,170
1,160
1,150
1,060
1,097
1,075

00
00
00
00
00
00
00
50
00

$10,927 50

Amount Invested.

$1,000
1,000
1,000
2,000
1,000
1,000
1,000
1,000
1,000

00
00
00
00
00
00
00
00
00

$10,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

30
10
10

Conway Nat’l Bank, Conway,.
City National Bank, Holyoke,.
Adams N’l Bank, No. Adams,.

Par Value.

Estimated
Market Value.

$3,000
1,000
1,000

$3,000 00
1,200 00
1,150 00

$3,000 00
1,000 00
1,000 00

$5,000

$5,350 00

$5,000 00

Amount Invested.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Connecticut River R.R 4s,
Illinois Central R.R. 3£s,.
Old Colony R.R. 4s,.
St. Johnsbury & Lake Champlain
R.R. 5s, .
.
.
.
.
.
Worcester, Nashua & Roch. R.R. 4s,


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

$1,000
1,000
5,000
1,000

Estimated
Market Value.

$1,080
1,145
5,050
1,115

00
00
00
00

Amount Invested.

$1,000
1,000
5,000
1,000

00
00
00
00

1,000
1,000

1,300 00
1,115 00

1,000 00
1,000 00

$10,000

$10,805 00

$10,000 00

[Pub. D oc.

R E P O R T O F TH E

148

Conway Savings Bank — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3£s,

$5,000

Estimated
Market Value.

$5,750 00

Amount Invested.

$5,000 00

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

Amount.

$2,616 71
32,000 00

2J

H

per cent.
“

Amount.

$5,000 00
176,891 74

Kate.

4 per cent.
5
“

Amount.

$3,313 00

Eate.

6

per cent.

Number of loans which are of an amount not exceeding $3,000 each, 115
Aggregate amount of the s a m e , ........................................................................ $118,744
Total number of loans upon real e s t a t e , ............................................. 110
Gross amount of interest or profits received or earned, as per books,
10,560
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : May 1 and November 1.
Rate and amount of each semi-annual dividend f 2 per cent.,
$4,241 79
^
8,913
during the year ending Oct. 31, 1900,
.
i 2 per cent.,
4,671 80
Number of accounts opened during the year ending Oct. 31, 1900, . 175
Number of accounts closed during the year ending Oct. 31, 1900, .
74
Total number of open accounts Oct. 31, 1 9 0 0 , .................................... 875
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
898
clusive of taxes),
..........................................................................................
Amounts of deposits, not including dividends, received during the year
52,907
ending Oct. 31, 1 9 0 0 , .........................................................................................
Number of s a m e , ....................................................................................... 678
Amount of withdrawals, including dividends, during the year ending
29,611
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of same..............................................................
398
Date of examination by commissioner: July 26.


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

74

47
59

28
88

30

No. 8 .]

149

SA Y IN G S B A N K COM M ISSION ERS

CO U N TY S A V IN G S B A N K — CH ELSE A.
Incorporated Feb. 27, 1890.

Present number of corporators, 53.

A l b e r t D. B osson , President.
G e o b g e T. R o b e r t s , Treasurer.
V e r n o n A. F i e l d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J o h n H. C u n n in g h a m ,
M il t o n R a y ,
G e o r g e W . M oses ,

A l b e r t D. B osson ,
John M u llo y,
W i l l i a m S. H ix o n .

Open for business every business day, 8 a . m . to 1 p .m . ; also Mondays, Wednesdays
and Thursdays, 5 to 8 p . m . ; Saturdays, 5 to 9 p . m .
B a l a n c e S h e e t Oct . 31, 1900.

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,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Furniture and fixtures,
Cash on hand, .
.
.
.

$19,375
32,792
7,400
31,000
5,000
3,471
462,567
147,945

00
00
00
00
00
57
41
00

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

$701,802 54
14,000 00
124 04
11,870

01

1 ,2 0 0 00

12,991
311
1,978
1,248
516

57
43
30
00
31

$727,796 59

$727,796 59

Cash on Deposit in Banks, amount in each: —
First Ward National Bank, B o s t o n ,............................................................... $3,632 41
Winthrop National Bank, B o s t o n , ...............................................................
1,160 77
Winnisimmet National Bank, C h e l s e a , ......................................................
8,198 39
Loans on Bank Stock, amount on each : —
12
12
9
15
40
10

shares State National Bank, B o s t o n , ...................................................... $1,000
shares State National Bank, B o s t o n , ......................................................
shares Third National Bank, B o s t o n , .....................................................
shares Winnisimmet National Bank, Chelsea.............................................
shares Winnisimmet National Bank, C h e l s e a , ....................................
shares Baxter National Bank, Rutland, V t . , .............................................


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

00
1,100
550
1,000
3,000
750

00
00
00
00
00

[Pub. Doc,

R E PO R T O F TH E

150

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

Pai- Value.

City of Brockton, Mass., 4s, .
of Gloucester, Mass., 4s, .
of Milwaukee, Wis., 5s, .
of Springfield, Ohio, 6s, .
of Yonkers, N. Y., 4s,
Town of Ashland, Mass., 4s, .
of South Wayne, Ind,, 6s,

$4,000
5.000
2.000
1,875
5,000
700
800
$19,375

Estimated
Market Value.

$4,480
5,030
2,210
1,980
5,000
700
1,008

00
00
00
88
00
00
00

$20,408 88

Amount Invested.

$4,000
5.000
2.000
1,875
5,000
700
800

00
00
00
00
00
00
00

$19,375 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

18
17
5
20
21
25
3
25
6
25
25
4
25
30
25
25
25
25
6
5

Par Value.

Atlantic Nat’l Bank, Boston, ,
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston, .
First Ward N’l Bank, Boston,.
Freeman’s Nat’l Bank, Boston,
Mt. Yernon N’l Bank, Boston,
National Eagle Bank, Boston,.
Nat’l Hamilton Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston,.
State National Bank, Boston, .
Third National Bank, Boston, .
Washington N’l Bank, Boston,
Winnisimmet N’l B’k, Chelsea,
Dedham Nat’l Bank, Dedham,
First N’l Bank, Newbury port,


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

$1,800
1,700
225
2,000
63
2,500
300
2,500
12
2,500
2,500
92
2,500
. 3,000
2,500
2,500
2,500
2,500
600
500
$32,792

Estimated
Market Value.

$2,070
1,700
125
2,080
42
3,750
300
2,500
6
2,300
2,675
20
2,400
3,000
2,675
2,425
2,575
2,500
630
635

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

$34,408 00

Amount Invested.

$1,800
1,700
225
2,000
63
2,500
300
2,500
12
2,500
2,500
92
2,500
3,000
2,500
2,500
2,500
2,500
600
500

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

$32,792 00

No. 8 .]

151

SA Y IN G S B A N E COM M ISSION ERS.

County Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Maine Central R.R. 5s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
Upper Coos R.R. 4s,
. . .

$3,000
6,000
5.000
1,000
500
500

Estimated
Market Value.

$3,345
6,600
5,575
1,055
557
575

Amount Invested.

$3,000
6,000
5,000
1,000
500
500

00
00
00
00
50
00

00
00
00
00
00
00

5.000
5,000
5,000

5,800 00
5,550 00
5,400 00

5,000 00
5,000 00
5,000 00

$31,000

$34,457 50

$31,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

$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.
Kate.

Amount.

$12,991 57
1 ,2 0 0 0 0

25,150 00

2

3è
4è

per cent.
“
“

Amount.

$18,500 00
118,300 00

Kate.

4^ per cent.
5
“

Amount.

$34,390 00
421,572 41

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, 1900,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 325
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,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : third Saturday in April and
October.


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

Kate,

5^ per cent.
6

“

$3,471 57
2,300 00
40 00
377,362 41

33,654 67

152

REPORT OF TH E

[Pub. D oc.

County Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $>11,381 26 1
$23,843
during the year ending Oct. 31, 1900,.
.
1 2 per cent.,
12,462 12 >
Number of accounts opened during the yearending Oct. 31, 1900,
. 565
Number of accounts closed duringthe year ending Oct. 31, 1900,
. 324
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,658
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
4,271
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
244,454
Number of s a m e , .........................................................................4,818
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
170,974
Number of s a m e , ......................................................................... 3,208
Date of examination by commissioner: February 6 .


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

38

55
74

06

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

153

CROCKER IN S T IT U T IO N FOR S A V IN G S — T U R N E R ’S
FALLS.

Incorporated April 3, 1869.
G. L. R

is t ,

Present number of corporators, 19.

President.
D. P. A b e r c r o m b ie , Treasurer.
W . H. P. G il m o r e , Clerk, o f the Corporation.

Names of committee charged with the investment of its funds :
G. L. R is t ,

E. L. G o d d a r d ,
Jam e s A . G u n n .

Open for business every business day, 9

B a lan ce Sh eet O ct.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Real estate,....................................
Premium account,
Cash on hand, .
.
.
.

a .m .

to 3

p .m .

31, 1900.

L ia b il it ie s .

$81,500 00
14,350 00
4.000 00
117,000 00

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

$1,105,579 46
40,500 00
7,890 32

2 0 ,0 0 0 00

31,000 00
631,154 43
209,897 00
8,700
1,250
26,196
5.000
300
3.000
622

00
00
34
00
00
00
01

$1,153,969 78

$1,153,969 78

Cash on Deposit in Banks, amount in each:
National Bank of the Commonwealth, Boston,
Crocker National Bank, Turner’s Falls,

24,216 97
6,979 37

Loan on Bank Stock: —
40 shares Packard National Bank, Greenfield,


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

$4,000 00

[Pub. Doc,

R E P O R T O F TH E

154

Crocker Institution for Savings — Continued.
Detailed Statement o f Public Funds,
Par Value.

Massachusetts 3js, .
City of Bangor, Me., 6s, .
of Boston, Mass., 5s,
of Cambridge, Mass., 4 s ,.
of Chicago, 111., 4s, .
.
of Cleveland, Ohio, 5s,
of East Saginaw, Mich., 5s,
of Fort Wayne, Ind., 4£s,
of Lewiston, Me., 4s,
of Lynn, Mass., 5s, .
of Meriden, Conn., 4s,
of Milwaukee, Wis., 5s, .
of Salem, Mass., 5 s ,.
of Somerville, Mass., 4£s,
of Springfield, Mass., 4 s,.
Town of Turner’s Falls, Mass. (Fire
District), 4 s ,...................................

$20,000
2,500
4,000
10,000
1,000
3,000
3,000
4,000
5,000
2,000
5,000
5,000
7,000
2,000
5,000

Estimated
Market Value.

$22,700
2,795
4,380
10,700
1,110
3,105
3,060
4,480
5,650
2,130
5,110
5,800
7,400
2,090
5,700

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

Amount Invested

$20,000
2,500
4,000
10,000
1,000
3,000
3,000
4,000
5,000
2,000
5,000
5,000
7,000
2,000
5,000

0000
00
00
00
00
00
00
00
00
00
00
00
00
00

3,000

3,180 00

3,000 00

$81,500

$89,390 00

$81,500 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
10
6
5
40
75

Par Value.

Central National Bank, Boston,
N’l B’k of Commerce, Boston,
Nat’l Webster Bank, Boston, .
Tremont Nat’l Bank, Boston,.
Conway Nat’l Bank, Conway,.
Crocker N’l B’k, Turner’s Falls,


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

$1,000
1,000
600
250
4,000
7,500
$14,350

Estimated
Market Value.

$1,190
1,100
576
50
4,000
10,875

00
00
00
00
00
00

$17,791 00

Amount Invested.

$1,000
1,000
600
250
4,000
7,500

00
00
00
00
00
00

$14,350 00

No. 8 .]

155

SA V IN G S B A N K CO M M ISSION ERS.

Crocker Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 5s,
Boston, Concord & Montreal R.R. 4s,
Conn. & E’assumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 4Js, .
New York & New England R.R. 6s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 4 s,. " .
.
.
.
.
Old Colony R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$10,000
10,000
2,000
12,000
5,000
15,000
5,000
5,000
9,000

$10,225
11,000
2,300
13,680
5,600
15,325
5,550
5,450
10,170

00
00
00
00
00
00
00
00
00

$10,000
10,000
2,000
12,000
5,000
15,000
5,000
5,000
9,000

00
00
00
00
00
00
00
00
00

10,000
13,000
16,000
5,000

11,550
14,885
16,600
5,575

00
00
00
00

10,000
13,000
16,000
5,000

00
00
00
00

$117,000 $127,910 00 $117,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3^s,

$20,000

Estimated
Market Value.

Amount Invested.

$23,000 00

$20,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
1
Amount.

$26,196 34
7,500 00

2

4

Rate.

Amount.

Rate.

Amount.

per cent.
“

$127,500 00
75,000 00

4^ per cent.
4|

$645,001 43

Rate.

5 per cent.

Amount invested in real estate for banking purposes,............................. $31,000
Estimated value of the s a m e , ..............................................................
31,000
Assessed value of the same...........................................................................
22,400
Net income received from same during year ending Oct. 31,1900,
.
.
1,549
Value, by books, of other real estate, held or owned byforeclosure or
otherwise.......................................................................................................
300
Assessed value of the s a m e ,.......................................................................
500
Number of loans which are of an amount not exceeding $3,000 each, 412
Aggregate amount of the s a m e , ........................................................................
310,464
Total number of loans upon real e s t a t e , ............................................. 399


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

00
00
00
45
00
00
43

156

R E P O R T O F TH E

[Pub. D oc.

Crocker Institution for Savings — Concluded.
$300 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per hooks,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
52,492 03
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., $19,967 32 1
40,740 89
during the year ending Oct. 31, 1900, .
. i 2 per cent.,
20,773 57 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 396
Number of accounts closed during the year ending Oct. 31, 1900,
. 318
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,846
Total expenses of the corporation for the year ending Oct. 31,1900 (ex­
3,060 01
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
165,685 72
Number of s a m e , ................................................................................. 2,466
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
120,656 81
Number of s a m e , ................................................................................. 1,481
Date of examination by commissioner : January 25.


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

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

[Pub. D oc.

R E P O R T O F TH E

158

Danvers Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
6

16
3
100
60
50

shares Salem National Bank, Salem, .
shares First National Bank, Danvers, .
shares Naumkeag National Bank, Salem,
shares Traders National Bank, Lowell,
shares Mercantile Trust Company, Boston,
shares Malden Trust Company, Malden,

I

$1,750 00

10,000 00
J 11,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

50
35
34
20
50
60
65
70
95
50
60
10
25
131
125
75
20
10
270
7
5
25

Par Value.

Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Hancock Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
N’l Bank of Commerce, Boston,
N’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston,
State National Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
First National Bank, Danvers,
First Nat’l Bank, New Bedford,
National Bank of Commerce,
New Bedford,
Warren Nat’l B’k, Peabody, .
Rockport Nat’l B’k, Rockport,
Asiatic Nat’l Bank, Salem,
First National Bank, Salem, .
Naumkeag Nat’l B’k, Salem, .
Salem National Bank, Salem,.

Estimated
Market Value.

Amount Invested.

$5,000
1,575
3,400
200
5,000
6,000
6,500
7,000
9,500
5,000
6,000
500
2,500
9,825
12,500

$5,000
875
850
60
8,150
6,600
7,670
9,800
15,960
5,350
5,820
100
2,575
8,515
15,625

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

$5,675
1,575
3,345
300
6,475
6,000
7,901
7,097
14,250
5,356
6,000
500
2,500
10,197
14,947

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

1,500
2,000
1,000
8,100
700
500
2,500

375
2,300
970
7,290
525
625
2,000

00
00
00
00
00
00
00

2,962
2,000
1,000
8,100
700
500
2,862

50
00
00
00
00
00
50

$96,800 $107,035 00

$110,244 25

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .


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

$35,000
20,000
25.000
25.000
20.000

Estimated
Market Value.

$40,250
21,500
27,750
29,000
21,550

00
00
00
00
00

Amount Invested.

$35,000
20,000
25.000
25.000
20.000

00
00
00
00
00

N o. 8 .]

SA Y IN G S B A N K

159

COM M ISSION ERS

Danvers Savings Bank — Continued.
Detailed Statement of Railroad Bonds — Concluded.
Estimated
Market Value.

Fitchburg R.R. 5s, .
.
.
.
Illinois Central R.R. 3£s,.
Maine Central R.R. 4s,
Penobscot Shore Line R.R. 4s,
-Upper Coos R.R. 4£s,
Worcester, Nashua & Roch. R.R. 4s,

$10,000
45.000
25.000
15.000
25.000
15.000
$260,000

$10,450
45.000
26,375
16,200
29.000
16,875

Amount Invested.

00
00
00
00
00
00

$283,950 00

$10,000
45.000
25.000
15.000
25.000
15.000

00
00
00
00
00
00

$260,000 00

Boston Terminal Company Bonds.
Par Value.

$85,000

Boston Terminal Company 3is,

Estimated
Market Value.

Amount Invested.

$97,750 00

$85,000 00

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

Amount.

$3,818 82
8 ,0 2 2 87
50.000 00
5,000 00
50.000 00

per cent.
“
314o “
38%oo “
3è
“

2
21

Amount.

$56,000
50.000
2,300
252,650
26.000

00
00
00
00
00

Kate.

Amount.

Rate.

4 per cent.
4|
“
H
“
44
“
4|

$432,849 00

5 per cent.
5i
«
5i
«
6
“
7

1 0 ,0 0 0 00

110,520 00
196,508 00
3,750 00

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$52,651 29
Assessed value of the same.....................................................................................
47,450 00
Net income received from same during year ending Oct. 31, 1900,
.
.
946 72
Number of loans which are of an amount not exceeding $3,000 each, 217
Aggregate amount of the same..............................................................................
229,467 00
Total number of loans upon real estate.......................................................232
Amount of investments from which no income is received,
.
.
.
530 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
76,741 59
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., $31,045 43 ? ^ Qgg 99
during the year ending Oct. 31, 1900,
.
1 2 per cent.,
31,980 56 >
’
Number of accounts opened during the year ending Oct. 31, 1900,
. 497
Number of accounts closed during the year ending Oct. 31, 1900,
. 315
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,462


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

160

R E P O R T O F TH E

[Pub. D oc.

Danvers Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................$3,616 90
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900..............................................................................................
224,010 8 6
Number of s a m e , .................................................................................2,684
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
192,975 62
Number of s a m e ,................................................................................. 2,599
Date of examination by commissioner : January 15.


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

\

No. 8 .]

161

S A Y IN G S B A N K COM M ISSION ERS

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.

Present number of corporators,

88.

A ugu stu s B . E n d ic o t t , President.
A l f r e d H e w i n s , Treasurer.
A l f r e d H e w in s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A u g ustus B. E n d ic o t t ,
W

in s l o w

D on G. H i l l ,

W arren,
H o w a r d Colbu r n ,
C l if t o n P . B a k e r .

Open for business every business day except Saturdays, 9
2 to 4 p . m . ; Saturdays, 9 a . m . to 12 m .

B a l a n c e Sh e e t O c t .

a .m .

to 12.30

p .m . ;

31, 1900.

A ssets.

L ia b il it ie s .

$860,000 00
57,350 00
500 00
762,000 00

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,

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

$3,229,862 66
154,636 79
106,233 13

35,000 00
565,675 00
1,061,000 00
73,125 00
74,082 58
2 ,0 0 0 00

$3,490,732 58

$3,490,732 58

Cash on Deposit in Bank: —
Dedham National Bank, Dedham,

.

$76,082 58

Loan on Bank Stock : —
10 shares Dedham National Bank, Dedham,


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

$500 00

162

R E P O R T O F TH E

[Pub. D oc

Dedham Institution for Savings — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Akron, Ohio, 5s, .
of Bangor, Me., 6s, .
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Bridgeport, Conn., 4 s ,.
of Cambridge, Mass., 6 s ,.
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5 s,.
of Dayton, Ohio, 6s,.
of Fall River, Mass., 4|s,
of Fall River, Mass., 4<|s,
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s, .
of Grand Rapids, Mich., 5s,
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s,.
of Lynn, Mass., 4s, .
of Manchester, N. H., 4s,.
of Manchester, N. H., 4£s,
of Milwaukee, Wis., 5s, .
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Norwich, Conn., 7s,
of Portland, Me., 6s,
of Portsmouth, N. H., 4s,.
of Scranton, Pa., 4is,
of Somerville, Mass., 4£s,
of Springfield, Mass., 6 s,.
of Springfield, Ohio., 4^s,
of Springfield, Ohio, 5s, .
Towh of Danvers, Mass., 5s, .
of Hopkinton, Mass., 5s,
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .


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

Estimated
Market Value.

$13,000
18,000
100,000
10,000
38,000
10,000
43,000
25,000
10,000
25,000
35,000
2,000
38,000
10,000
12,000
25,000
52,000
14,000
15,000
50,000
45,000
16,000
25,000
48,000
20,000
25,000
15,000
2,000
40,000
10,000
4,000
20,000
20,000
25,000
$860,000

$14,170
20,160
107,500
10,650
43,130
11,000
44,720
28,125
10,100
27,750
37,725
2,190
42,750
10,600
13,260
28,500
57,435
15,260
17,100
52,000
53,225
17,920
28,750
56,400
21,000
29,120
15,112
2,240
46,725
12,000
4,360
22,700
22,100
28,375

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

$954,152 00

Legal investments when made.

Amount Invested.

$13,000
18,000
100,000
10,000
38,000
10,000
43,000
25,000
10,000
25,000
35,000
2,000
38,000
10,000
12,000
25,000
52,000
14,000
15,000
50,000
45,000
16,000
25,000
48,000
20,000
25,000
15,000
2,000
40,000
10,000
4,000
20,000
20,000
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

$860,000 00

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

163

D ed h a m In stitu tio n fo r Savings — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

100
50
75
40
25
56
60
50
25
150

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
N’l B'k of Commerce, Boston,.
Nat’l Shawmut Bank, Boston,.
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston, .
People’s Nat’l Bank, Boston, .
Shawmut N’l Bank, Boston, .
State National Bank, Boston, .
Dedham Nat’l Bank, Dedham,

$10,000
2,250
7,500
4,000
2,500
5,600
6,000
-

2,500
15,000
$55,350

Estimated
Market Value.

$10,000
1,250
8,250
6,720
3,325
5,376
7,140
400
2,675
15,900

Amount Invested.

00
00
00
00
00
00
00
00
00
00

$10,000 00
2,250 00
7,500 00
6,000 00
2,500 00
5,600 00
6,000 00
_
2,500 00
15,000 00

$61,036 00

$57,350 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany 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 & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Boston, Winthrop & Shore R.R. 5s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4£s, .
Maine Central R.R. 7s,
Newpoi't & Richford R.R. 5s, .
New York & New England R.R. 6s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 4 s,............................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .
Old Colony R.R. 4£s,
Portsmouth, Great Falls & Conway
R.R. 4ès...........................................
Vermont & Massachusetts R.R. 5s, .


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

$25,000
80,000

Estimated
Market Value.

Amount Invested.

$26,875 00
82,000 00

$25,000 00
80,000 00

35,000
20,000
5,000
45,000

39,725
22,600
5,125
56,925

00
00
00
00

35,000
20,000
5,000
45,000

00
00
00
00

25,000
28,000
40,000
85,000
10,000
3,000
11,000
35,000
25,000
26,000

29,750
30,100
45,600
90,749
10,150
3,345
14,795
38,500
27,375
29,445

00
00
00
00
00
00
00
00
00
00

25,000
28,000
40,000
'85,000
10,000
3,000
11,000
35,000
25,000
26,000

00
00
00
00
00
00
00
00*
00
00

50,000
30,000
25,000
25,000

58,000
33,600
28,625
26,000

00
00
00
00

50,000
30,000
25,000
25,000

00
00
00
00

15,000
119,000

18,600 00
123,760 00

15,000 00
119,000 00

$762,000

$841,644 00

$762,000 00

A legal investment when made.

[Pub. D oc

R E P O R T O F TH E

164

Dedham Institution for Savings — Concluded.
Total Amount o f Loans, rvitli Each Specified Rate o f Interest.

Kate.

Amount.

2 per cent.
H
“
3|
“

$543,125 00
84,500 00
169,000 00

Amount.

$74,082 58
66,000 00
216,000 00

Kate.

4 per cent.
“
“

4j
4i

Amount.

$50,000 00
281,280 00
290,395 00

Rate.

4| per cent.
5
6

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, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 377
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 409
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
Times for the dividends fixed by the by-laws: second Saturday in May
and November.
Rate and amount of each semi-annual dividend t 2 per cent.,
$59,755 36 1
during the year ending Oct. 31, 1900,
.
< 2 per cent.,
60,672 92 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 976
Number of accounts closed during the year ending Oct. 31, 1900,
. 634
Total number of open accounts Oct. 31,1900,
.
.
.
.
8,188
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,................................................................................. 6,063
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ................................................................................. 4,885
Date of examination by commissioner: March 26.


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

“
«

$35,000 00
50,000 00
61,200 0 0
947 52
366,275 00

153,835 07

120,428 28

6,641 07
425,782 08

429,441 02

No. 8 .]

SA Y IN G S B A N K

165

COM M ISSIONERS

D O RCH ESTER SA V IN G S B A N K — DORCH ESTER.
Incorporated April 16,1894.

Present number of corporators, 38.

F r e d e r i c k L. W a l k e r , President.
G e o r g e T. S e a r s , Treasurer.
H e n r y S . M a c P h e r s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A l b e r t H . Stea rn s,
C h a r l e s F . Conn,

G e o r g e T. S e a r s ,
H en r y G. A l l b r ig h t .

Open for business every business day except Saturdays, 2 to 7 p .m . ; Saturdays,
2 to 9 p . m .

B a lan ce Sh e e t O ct.

31, 1900.

L ia b il it ie s .

A ssets.

Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

$33,841
5,818
103,825
10,729
46
1,671
517

25
75
00
67
07
48
93

$155,627 05
685 60
137 50

Deposits, .
Guaranty fund,
Interest account,

$156,450 15

$156,450 15

Cash on Deposit in Banks, amount in each: —
Central National Bank, B o s to n ,........................................................................$5,764 25
Winthrop National Bank, B o s t o n , ...............................................................
4,965 42

Detailed Statement o f Railroad Bonds.
Par Value.

Boyer Valley R.R. 3Js, .
Chic., Burlington & Quincy R.R. 3£s,
Conn. & Passumpsie Rivers R.R. 4s,
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .


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

$5,000
3,000
1,000
3,000
1,000

Estimated
Market Value.

Amount Invested.

$5,050
3,090
1,150
3,345
1,120

$5,068
3,108
1,175
3,195
1,075

00
00
00
00
00

75
75
00
00
00

166

R E P O R T O F TH E

[Pub. D oc.

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

Par Value.

Illinois Central R.R. S is ,.
Grafton & Upton R.R. 4s,
Maine Central R.R. 4s,
Old Colony R.R. 4s, .
Portland & Rumford Falls R.R. 4 s ,.
Portsmouth, Great Falls & Conway R.R. 4is,
.
.
.
.

$7,000
3,000
4,000
1,000
2,000

Estimated
Market Value.

$7,070
3,030
4,245
1,120
2,200

Amount Invested.

00
00
00
00
00

$7,135
3,077
4,168
1,152
2,215

00
50
75
50
00

2,000

2,500 00

2,470 00

$32,000

$33,920 00

$33,841 25

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3is,

$5,000

Estimated
Market Value.

Amount Invested.

$5,750 00

$5,818 75

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

$10,729 67
96,225 00

Rate.

2

per cent.

Amount.

$5,500 00

Rate.

Amount.

5J per cent.

$ 2 ,1 0 0

Rate.

00

6

per cent.

5

Number of loans which are of an amount not exceeding $3,000 each,
19
Aggregate amount of the s a m e , ........................................................................$37,375 00
Total number of loans upon real e s t a t e , ............................................. 34
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
5,589 74
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 1| per cent.,
$1,766 10 1
3 q~~ Qg
during the year ending Oct. 31, 1900, .
. i 1£ per cent.,
1,888 96 I
’
Number of accounts opened during the year ending Oct. 31, 1900,
. 920
Number of accounts closed during the year ending Oct. 31, 1900,
. 222
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,068


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

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

167

Dorchester Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .................................................................................4,180
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .................................................................................1,699
Date of examination by commissioner : April 2.


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

$1,056

88

103,718 37

65,114 99

[Pub. D oc

R E P O R T O F TH E

168

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, 28.

G e o r g e T . Sa m p s o n , President.
W i l l i a m B. P ig e o n , Treasurer.
W i l l i a m B. P ig e o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G e o r g e L. T h o r n d ik e ,
E b e n M . M cP h e r s o n ,
P e t e r M o r r is o n ,
A . R. H o o p e r .

John T hom pson,
W i l l i a m B. P ig e o n ,
R u fu s C u s h m a n ,

Open for business every business day, 9 a .m . to 2 p . m . ; also Saturdays, 7 to 9 p .m . -r
during June, July, August and September, close at 1 p . m . Saturdays.

B

alance

Sheet Oct.

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Consolidated R .R . of Vermont
b o n d s ,* ....................................
Bank liquidation account, .
Cash on hand, .
.
.
.

$637,000 00
. 210,441 00
497,000 00
1 0 ,0 0 0 00
00

6,500
1,843,491
366,300
111,402
3,372

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rebate on tax title, .

$3,459,441 96
167,432 05
30,435 94
63,360 29
14

00
00
49
05

25,895 27
1,721 87
7,546 70
$3,720,670 38

$3,720,670 38

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
First Ward National Bank, East B o s t o n ,...................................................... $68,718 33
First National Bank, B o s t o n , ........................................................................
42,684 16


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

No. 8 .]

169

SA Y IN G S B A N K COM M ISSION ERS

East Boston Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

United States 4s,
. . .
District of Columbia 7s, .
County of Aroostook, Me., 4£s,
City of Bangor, Me., 6s, .
of Boston, Mass., 5s,
of Cambridge, Mass., 6 s,.
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5 s,.
of Dayton, Ohio, 6 s,.
of Detroit, Mich., 6s,
of Fall River, Mass., 4s, .
of Fall River, Mass.,4|s,.
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Gloucester, Mass., 4s, .
of Grand Rapids, Mich., 4£s, .
of Grand Rapids, Mich., 5s,
of Lynn, Mass., 4s, .
of Manchester, N. H., 4£s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 7s,
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
of Saginaw, Mich., 4£s, .
of Salem, Mass., 5s, .
of Springfield, Ohio, 4£s,.
of Springfield, Ohio, 5s, .
of St. Louis, Mo., 6s,
of Waltham, Mass., 4s,
of Woonsocket, R. L, 4s, .

$25,000
1,000
25,000
7,000
80,000
8,000
16,000
35,000
5,000
10,000
25,000
15,000
9,000
8,000
2,000
13,000
10,000
5,000
20,000
53,000
5,000
10,000
10,000
42,000
28,000
5,000
20,000
21,000
17,000
32,000
25,000
50,000

Estimated
Market Value.

$33,500
1,100
28,000
7,840
87,400
8,800
16,630
41,190
5,050
11,350
28,750
16,650
10,080
8,770
2,150
14,645
10,600
5,600
22,800
59,990
5,300
11,350
11,200
49,350
30,800
5,200
21,350
24,450
20,555
35,520
27,000
53,000

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

$637,000 $715,970 00

Amount Invested.

$25,000
1,000
25,000
7,000
80,000
8,000
16,000
35,000
5,000
10,000
25,000
15,000
9,000
8,000
2,000
13,000
10,000
5,000
20,000
53,000
5,000
10,000
10,000
42,000
28,000
5,000
20,000
21,000
17,000
32,000
25,000
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
00
00*

$637,000 00

* Legal Investments when made.

No.'of

Shares.

Detailed Statement o f Bank Stocks.

100
50
40
60
50

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Colonial Nat’l Bank, Boston, .


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

$10,000
5,000
1,800
6,000
5,000

Estimated
Market Value.

$11,500
5,000
1,000
6,240
7,500

00
00
00
00
00

Amount Invested.

$10,000
5,000
1,800
6,000
7,500

00
00
00
00
00

170

R E P O R T O F TH E

[Pub. D oc.

E a st B o s to n Savings B a n k - - Continued.
Detailed Statement o f Bank Stocks — Concluded.
V
hq
q
O
. <
*U
1

Estimated
Market Value.

* %

40
115
150
162
50
4
50
50
170
12

Commercial N’l Bank, Boston,
Eliot National Bank, Boston, .
First Ward N’l Bank, Boston,.
Freeman’s Nat'l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Mechanics’ N’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
Mt. Yernon N’l Bank, Boston,.
N’l B’k of Commerce, Boston, .
National Bank of the Commonwealth, Boston,
40 N’l B’k of Redemption, Boston,
100 N’l B’k of the Republic, Boston,
50 Nat’l Exchange Bank, Boston,
100 N’l Hide & Leather B’k, Boston,
300 Nat’l Shawmut Bank, Boston,.
6 Nat’l Webster Bank, Boston, .
10 New England N’l B’k, Boston,
25 Old Boston N’l Bank, Boston, .
30 Second National Bank, Boston,
75 Shoe & Leather N’l B’k, Boston,
100 State National Bank, Boston, .
70 Suffolk Nat’l Bank, Boston,
25 Tremont Nat’l Bank, Boston, .

400
5,000
5,000
17,000

$5,600
16,100
22,500
16,200
150
480
8,150
5,000
18,700

00
00
00
00
00
00
00
00
00

$2,000 00
11,500 00
15,000 00
16,200 00
400 00
5,000 00
5,000 00
17,000 00

1,200
4,000
10,000
5,000
10,000
30,000
600
1,000
2,500
3,000
7,500
10,000
7,000
1,250

2,268
4,720
14,000
7,000
10,700
50,400
576
1,400
2,500
5,220
9,150
10,700
7,630
250

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

1,200
4,000
10,000
5,000
10,000
45,000
591
1,000
2,500
3,000
7,500
10,000
7,000
1,250

$2,000
11,500
15,000
16,200
-

$192,950 $250,634 00

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

$210,441 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 5s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .
.
.
.
Maine Central R R. 4s,
Maine Central R.R. 4¿s, .
Maine Central R.R. 7s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
New York, New Haven, & Hartford
R.R. 4s, .
Old Colony R.R. 4s,
. . .


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

$60,000
66,000
75,000
40,000
10,000
25,000
6,000
12,000
30,000
8,000
50,000
10,000
50,000

Estimated
Market Value.

$61,500
74,910
94,875
46,000
11,400
27,025
6,330
12,380
40,350
8,760
56,625

00
00
00
00
00
00
00
00
00
00
00

11,600 00
55,500 00

Amount Invested.

$60,000
66,000
75,000
40,000
10,000
25,000
6,000
12,000
30,000
8,000
50,000

00
00
00
00
00
00
00
00
00
00
00

10,000 00
50,000 00

No. 8 .]

171

SA Y IN G S B A N K CO M M ISSION ERS

East Boston Savings Bank — Concluded.
Detailed Statement of Railroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$25,000

$27,750 00

$25,000 00

5,000

6,250 00

5,000 00

25,000

33,250 00

25,000 00

Par Value.

Portland & Ogdensburg R.R. 5s,
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ..................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................

$497,000

$574,505 00 $497,000 00

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

Rate.

Amount.

$111,402 49
25.000 00
1 0 0 ,0 0 0 00

50.000 00

2£

3

per cent.
“

H

4

“

“

Rate.

Amount.

$ 2 0 ,0 0 0 00
80,000 00
131,100 00
1 0 ,0 0 0 00

4| per cent.
4i
“
4è

4|

“

Rate.

Amount.

$1,490,214
10,500
197,035
95,942

00
00
00
00

5 per cent.
5^
“
5è
“
6
“

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, 1900,
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 628
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 803
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : third Wednesday in Janu­
ary and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
$61,515 59 )
during the year ending Oct. 31, 1900,.
. 1 2 per cent.,
62,985 32 )
Number of accounts opened during the year ending Oct. 31, 1900,
1,742
Number of accounts closed during the year ending Oct. 31, 1900,
1,300
Total number of open accounts Oct. 31, 1900,
.
.
.
.
12,435
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ................................................................................. 15,935
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .................................................................................12,349
Date of examination by commissioner : March 16.


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

$ 10,000 00
25.000 00
20.000 00
441 99
6,500 00
7,300 00
107 68
909,191 00

176,268

21

124,500 91

10,459 73
761,540 00

704,696 71

172

R E P O R T O F TH E

[Pub. D oc.

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, 42.

G e o r o e M . K e i t h , President.

C h a r l e s F . M a n n , Treasurer.

C h a r l e s F. M a n n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G e o r g e M . K e it h ,
J o sh u a D e a n ,
John H o bart,
I sa a c N . N u t t e r ,
H enry Gu r n ey.

Open for business every business day except Wednesdays, 9 a . m . to 12
also Wednesdays and Saturdays, 6.30 to 8 p . m .

B alance Sheet O ct.

m

.

; 2 to 4

p

.m . ;

31, 1900.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
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, .
Expense account,
Bank building expense and in­
come account, .
.
.
.
Notes receivable,*
Cash on hand, .
.
.
.

$44,400 00
50,650 00
2 0 0 00
8 6 ,0 0 0 00

26,485 00

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

7,989 41
123 50

1 0 ,0 0 0 00

6,716
554,806
206,769
478
6,022
614

15
82
55
00
58
52

292 76
2,700 00
1,312 67
$997,448 05

*

$932,704 42
41,400 00
15,230 72

$997,448 05

Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Fourth National Bank, B o s t o n ,........................................................................ $3,960 80
Plymouth County Safe Deposit and Trust Company, Brockton,
.
.
2,061 78
Loan on Bank Stock: —
5

shares Brockton National Bank, B r o c k t o n ,.........................................


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

$200 00

No. 8 .]

173

SA Y IN G S B A N K CO M M ISSIO N ERS

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

City of Brockton, Mass., 4s,
of Des Moines, Iowa, 4 s,.
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4s,
of Taunton, Mass., 4s,
Town of East Bridgewater, Mass., 4s,
of Westfield, Mass., 5s, .

11,000
5.000
5.000
5.000
10,000
5.000
5.000
3.000
5,400
$44,400

Estimated
Market Value.

$1,005
5,400
5,175
5,525
10,450
5,375
5,200
3,000
5,751

00
00
00
00
00
00
00
00
00

$46,881 00

Amount Invested.

$1,000
5.000
5.000
5.000
10,000
5.000
5.000
3.000
5,400

00
00
00
00
00
00
00
00
00

$44,400 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

75
15
40
50
20
35
25
23
27
20
22
15
65
25
12
50
40
25
20

Par Value.

Fourth National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Massachusetts Loan and Trust
Company, Boston,
National Bank of the Common­
wealth, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
State Street Trust Company,
Bost on, .
.
.
.
.
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,.
Brockton N’l Bank, Brockton,.
Home National B’k, Brockton,
Plymouth County Safe Deposit
& Trust Company, Brockton,
First N’l Bank, West Newton,


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

Estimated
Market Value.

Amount Invested.

$7,500
1,500
-

$8,250 00
1,500 00
120 00

$7,500 00
1,500 00

5,000

5,700 00

5,000 00

2,000
3,500

00
00
00
00
00
00
00

2,000 00
3,500 00

2,200

3,780
4,130
100
2,461
2,592
160
2,354

1,500
6,500
1,250
1,200
5,000
4,000

1,590
6,305
250
1,800
5,700
7,000

00
00
00
00
00
00

1,500
6,500
1,250
1,200
5,000
4,000

2,500
2,000

2,500 00
2,000 00

2,500 00
2,000 00

$50,650

$58,292 00

$50,650 00

-

2,300
2,700
-

-

-

2,300 00
2,700 00
-

2,200 00
00
00
00
00
00
00

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

No. 8 .]

SA V IN G S B A N K CO M M ISSIO N ERS.

175

East Bridgewater Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f I f per cent., $15,737 02
£ $31,539 93
during the year ending Oct. 31,1900,
.
I I f per cent.,
15,802 91
Number of accounts opened during the year ending Oct. 31, 1900,
. 208
Number of accounts closed during the year ending Oct. 31, 1900,
. 194
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,364
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
2,400 85
clusive of taxes),
.........................................................................................
Amount of deposits, not including dividends, received during the year
110,802 93
ending Oct. 31, 1900..............................................................................................
Number of s a m e ,.......................................................................................... 1,366
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
139,767 16
Number of s a m e ,.......................................................................................... 1,554
Date of examination by commissioner : March 22.


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

176

R E P O R T O F TH E

[Pub. D oc.

E A ST CAM BR IDGE S A V IN G S B A N K — E A ST C A M B R ID G E .
Incorporated April 29, 1854.

Present number of corporators, 35.

J o h n C. B u l l a r d , President.
W i l l i a m E. L l o y d , Treasurer.
W i l l i a m E . L l o y d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o h n C. B u l l a r d ,
B e n ja m in F. T h o m p s o n ,
G u sta v u s G o e p p e r ,
W il l ia m G o e p p e r ,
D a v id P r o u d f o o t .

Open for business every business day, 9

Balance

Sheet Oct.

a .m .

to 1 p . m .

31, 1900.

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, noton interest,
Expense account,
Eastern Cold Storage Co. stock,*
East Cambridge Land Co.,*
Cash on hand, .
.
.
.

$46,000
105,751
9,300
118,500

00
67
00
00

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

25,000
18,487
2,208,576
843,580
42,858

00
43
46
07
93
6,000 00
471 24
6,390 00
1 00
16,607 93

$3,447,524 73

*

$3,190,056 38
161,287 31
1,903 45
94,277 59

$3,447,524 73

Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Cambridge National Bank, East Cambridge,
Lechmere National Bank, East Cambridge,
Cambridge Trust Company, Cambridge,

$3,000 00
20,858 93
25,000 00

Loans on Bank Stock, amount on each: —
21 shares Framingham National Bank, Framingham,
5 shares Concord National Bank, Concord,
10 shares Lechmere National Bank, East Cambridge,
8 shares First National Bank, Westborough, .
8 shares Merchants’ National Bank, Boston,
30 shares Lechmere National Bank, East Cambridge,
14 shares Lechmere National Bank, East Cambridge,


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

j- $4,900 00
3,000 00
1,400 00

No. 8 .]

177

SA Y IN G S B A N K COM M ISSIONERS

East Cambridge Savings B ank— Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Cleveland, Ohio, 4s,
of Grand Rapids, Mich., 4£s, .
of Lynn, Mass., 4s, .
Town of Webster, Mass., 4s, .
of Wellesley, Mass., 4s,

Estimated
Market Value.

$10,000
10,000
10,000
10,000
6,000

$10,100
11,075
11,200
11,100
6,480

00
00
00
00
00

$46,000

$49,955 00

Amount Invested.

$10,000
10,000
10,000
10,000
6,00(1

00
00
00
00
00

$46,000 00

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

7 Atlas National Bank, Boston, .
36 Blackstone N’l Bank, Boston, .
41 Bunker Hill N’l B’k, Boston, .
30 Continental N’l Bank, Boston,
12 Eliot National Bank, Boston, .
20 Faneuil Hall N’l Bank, Boston,
50 First Ward N’l Bank, Boston,.
12 Fourth National Bank, 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 Com­
monwealth, Boston,
10 N’l B’k of Redemption, Boston,
58 N’l B’k of the Republic, Boston,
16 Nat’l Exchange Bank, Boston,
25 Nat’l Hamilton Bank, Boston,.
115 N’l Hide & Leather B’k, Boston,
5 National Union Bank, Boston,
45 National Webster B’k, Boston,
20 New England N’ l B’k, Boston,
137 Third National Bank, Boston,.
38 Tremont Nat’l Bank, Boston, .
24 Charles River National Bank,
Cambridge, .
.
.
.
51 Leclimere N’l B’k, Cambridge,
26 Nat’l City Bank, Cambridge, .
33 Concord Nat’l Bank, Concord,
11 Fall River N’l B’k, Fall River,


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

Par Value.

$700
2,160
4,100

Estimated
Market Value.

Amount Invested,

1,200
2,000
5,000
1,200
500
5,000
4,000
6,700

$700
900
7,790
150
1,680
2,480
7,500
1,320
500
8,150
4,000
7,370

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

1,200
2,000
4,000
1,350
500
5,000
4,000
6,700

00
00
00
00
00
00
00
00

8,000
1,000
5,800
1,600
2,500
11,500
500
4,500
2,000
13,700
1,900

15,120
1,180
8,120
2,240
2,300
12,305
665
4,320
2,800
13,289
380

00
00
00
00
00
00
00
00
00
00
00

8,000
1,000
5,800
1,600
2,425
11,500
500
4,500
2,000
13,700
1,900

00
00
00
00
00
00
00
00
00
00
00

2,400
5,100
2,600
3,300
1,100

3,720
7,650
3,900
4,950
1,155

00
00
00
00
00

2,400
5,066
2,600
3,300
1,100

00
67
00
00
00

-

$700 00
2,160 00
4,100 00
_

178

[Pub. D oc

R E P O R T O F TH E

East Cambridge Savings Bank — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks — Concluded.

35
30
13
20

Par Value.

First N’l Bank, Marlborough,.
Merchants’ Nat’l Bank, N ewburyport,
.
.
.
.
Newton Nat’l Bank, Newton, .
Middlesex County National
Bank, Winchester,

Estimated
Market Value.

Amount Invested.

$3,500

$4,200 00

$2,850 00

600
1,300

660 00
1,235 00

600 00
1,300 00

2,000

1,800 00

1,900 00

$107,460 $134,529 00 $105,751 67

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
.
.
.
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 6s,
Old Colony R.R. 4s, .
Portsmouth, Great Falls and Conway
R.R. 4£s,
.
.
.
.
.

$25,000
15,000
8,500
10,000
18,000
10,000
30,000
2,000

Estimated
Market Value.

$27,000
17,250
9,690
11,100
18,920
13,350
33,525

Amount Invested.

00
00
00
00
00
00
00

2,480 00

$25,000
15,000
8,500
10,000
18,000
10,000
30,000

00
00
00
00
00
00
00

2,000 00

$118,500 $133,315 00 $118,500 00

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

Rate.

Amount.

Rate.

Amount.

Rate.

1¿ per cent.
2
“
3è
“
3|

$300,000 00
106,900 00
184,200 00

4 per cent.
4è
“
4é
“

$2,049,723 11
256,031 27
82,179 19

5 per cent.
5Û
“
6
“

Amount.

$17,858
25.000
25.000
57,422

93
00
00
96


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

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS.

179

East Cambridge Savings Bank — Concluded.
Amount invested in real estate for banking purposes,....................................
$25,000 00
Estimated value of the s a m e , ........................................................................
25,000 00
Assessed value of the s a m e ,.................................................................................
18,700 00
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,...................................................... .....................................................
18,487 43
Assessed value of the s a m e ,.................................................................................
26,200 00
Number of loans which are of an amount not exceeding $3,000 each, 743
Aggregate amount of the same.............................................................................. 1,330,337 05
Total number of loans upon real estate....................................................... 954
Amount of investments from which no income is received, .
.
.
.
67,417 30
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
147,355 92
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annualdividend f 2 per cent.,
$58,026 39
117,439 45
during the year ending Oct. 31, 1900, . . 1 2
per cent.,
59,413 06 .
Number of accounts opened during the year ending Oct. 31, 1900,
1,491
Number of accounts closed during the year ending Oct. 31, 1900,
1,477
Total number of open accounts Oct. 31, 1900,
.
.
.
.
9,777
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
..........................................................................................
clusive of taxes),
8,809 93
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
690,423 62
Number of s a m e , ........................................................................................ 12,949
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
674,951 72
Number of s a m e , ........................................................................................ 10,530
Date of examination by commissioner: February 19.


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

180

R E PO R T O F TH E

[Pub. Doc.

E A S T H A M P T O N S A V IN G S B A N K — E A STH A M P T O N .
Incorporated Feb. 10, 1869.
J o h n M a t h e r , President.
0 . G. W

Present number of corporators, 30.
C h a r l e s H . J o h n so n , Treasurer.

eb ster,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J ohn M a t h e r ,

G e o r g e L. M a n c h e s t e r ,
C. W . S m i t h .

Open for business every business day except Saturdays,

9

a

.m . to

12M .

9a.m .to 3 p .m . ;

Saturdays,

B a l a n c e S h e e t O c t . 3 1 , 1900.

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 by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
American Writing Paper Co.
bonds and stocks,* .
Vault, furniture and fixtures, .
Tax account,
.
.
.
.
Cash on hand, .
.
.
.

$11,500
217,649
535
44,237
25,453
610,592
141,368
65
61,069
836

00
00
00
50
39
11
15
00
91
57

3,779
2,200
235
659

94
00
63
94

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

$1,120,182 14

$1,063,110 74
53,000 00
3,515 99
555 41

$1,120,182 14

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
First National Bank, A d a m s , ........................................................................ $5,000 00
First National Bank, Easthampton.....................................................................
16,069
Northampton National Bank, N o r t h a m p to n ,.............................................
10,000
Pynchon National Bank, Springfield,...............................................................
10,000
Springfield National Bank, S p r in g f ie ld ,......................................................
10,000
Ware National Bank, W a r e , ........................................................................
10,000

91
00
00
00
00

Loans on Bank Stock, amount on each : —
3 shares First National Bank, Easthampton....................................................
6 shares Agawam National Bank, Springfield,.........................................


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

$55 00
480 00

No. 8 .]

181

SA Y IN G S B A N K COM M ISSIONERS

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

Par Value.

City of New Britain, Conn., 4s,
of Somersworth, N. H., 4s,
of Springfield, Mass., 3^s,
Town of Ware, Mass., 4s,

$3,000
4,000
3,000
1,500
$11,500

Estimated
Market Value.

$3,382
4,160
3,060
1,575

50
00
00
00

$12,177 50

Amount Invested.

$3,000
4,000
3,000
1,500

00
00
00
00

$11,500 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

100
14
7
20
50
25
200
100
44
20
58
60
100
111
100
50
100
59
100
89
130
50
50

Par Value.

First National Bank, Adams, .
Blackstone Nat’l B’k, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
First N’l Bank, Easthampton,.
Franklin Co. N’l B’k, Greenfield,
First National Bank, Lynn,
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,
Pittsfield N’l B’k, Pittsfield,
Agawam N’l B’k, Springfield,.
Chapin N’l Bank, Springfield,
Chicopee N ’l B’k, Springfield,
City National B’k, 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,
First Nat’l Bank, Westfield, .
First Nat’l B’k, West Newton,


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

$10,000
630
700
2,000
5,000
2,500
20,000
10,000
4,400
2,000

Estimated
Market Value.

$12,500
350
770
2,360
8,700
2,675
10,000
10,200
4,840

00
00
00
00
00
00
00
00
00

2,000 00

Amount Invested.

$14,100
630
700
2,480
8,850
3,000
18,000
10,200
5,720

00
00
00
00
00
00
00
00
00

2,000 00

5,800
6,000
10,000
11,100
10,000
5,000
10,000

11,600
9,000
5,000
14,430
15,500
7,200
10,500

00
00
00
00
00
00
00

12,175
10,100
9,000
17,108
16,750
7,250
14,951

00
00
00
00
00
00
00

5,900
10,000
8,900
13,000
5,000
5,000

6,195
12,700
11,570
26,000
6,500
6,250

00
00
00
00
00
00

7,465
15,250
13,570
16,350
7,000
5,000

00
00
00
00
00
00

$162,930

$196,840 00

$217,649 00

182

[Pub. Doc

R E P O R T O F TH E

Easthampton Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Albany & Susquehanna R.R. 6s,
Chic., Burlington & Quincy R.R. 3£s,
Illinois Central R.R. 3 ¿s,.
Portland & Rumford Falls R.R. 4s,

Estimated
Market Value.

$10,000
10,000
20,000
3,000

$11,262
10,400
20,350
3,300

50
00
00
00

$43,000

$45,312 50

Amount Invested.

$11,237
10,000
20,000
3,000

50
00
00
00

$44,237 50

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

Amount.

$16,069 91
35.000 00
10.000 00

3 per cent.
Sé
“
4
“

Amount.

$25,000 00
511,250 00
71,400 00

Rate.

4| per cent.
5
51
“

Amount.

$39,710 00
900 00
104,300 26

Rate.

5¿ per cent.
5|
“
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, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 409
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 404
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: January 23 and July 23.
Rate and amount of eachsemi-annual dividend f 2 per cent.,
$19,321 90 1
during the year ending Oct. 31,1900, .
. 12 per cent.,
20,030 89 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 540
Number of accounts closed during the year ending Oct. 31, 1900,
. 445
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,744
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .......................................................................................... 2,077
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .......................................................................................... 1,880
Date of examination by commissioner: February 2.


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

$25,453 39
23,400 00
134 97
433,878 26
27,000 00
48,794 36
39,352 79

3,434 84
240,974 16

215,273 83

No. 8 .]

183

SA Y IN G S B A N K COM M ISSION ERS.

E A ST W E Y M O U T H SA V IN G S B A N K — E A ST W E Y M O U T H .
Incorporated Feb. 20, 1872.

Present number of corporators, 37.

N a t h a n D . C a n t e r b u r y , President.
J o h n A. R a y m o n d , Treasurer.
J o h n A. R a y m o n d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
E d m u n d G. B a t e s ,
N. D. C a n t e r b u r y ,
T . H. E m e r s o n ,
C h arles

John W . B a te s,
EL. F. B i c k n e l l ,
J o se p h A . C u s h in g ,
B . C u s h in g .

Open for business every business day except Saturdays, 2 to 5
2 to 6 p . m .

B

alance

Sh eet O c t.

p

.m .

; Saturdays,

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
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,
Massachusetts Electric Com­
pany stock,* .
.
.
.
Cash on hand, .
.
.
.

$57,000
33,990
400
51,000
44.776
649,752
135,675

00
63
00
00
00
14
86

5.000
75
62,389
1.000

00
00
73
00

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

$982,071 94
49,000 00
21,093 18

9,324 00
1,781 76
$1,052,165 12

$1,052,165 12

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Chapin National Bank, S p rin g fie ld ,....................................
Eliot National Bank, Boston......................................................
Massachusetts National Bank, Boston,
.
.
.
.

$25,003 78
14,133 43
24,252 52

Loan on Bank Stock : —
6 shares Cape Cod National Bank, Harwich,


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

$100 00

[Pub. D oc

REPORT OF TH E

184

E ast W e y m o u th Savin gs B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Brockton, Mass., 4s,
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 4s,.
of Detroit, Mich., Gs,
of Detroit, Mich., 7s,
of Fall River, Mass., 6s, .
of Fort Wayne, ind., 4ès,
of Lynn, Mass., 5s, .
of Newton, Mass., 6s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
of Springfield, Mass., 6s, .
of Springfield, Mass., 7 s,.
Town of South Abington, Mass., 4s,
of Turner’s Falls, Mass., 4s, ,
of Weymouth, Mass., 4s,

$10,000
3,000
3,000
1,000
2,000
2 ,0 0 0

5,000
1,000
2,000
3,000
2,000
1,000
1,000
5,000
5,000
11,000
$57,000

*

Estimated
Market Value.

$10,700
3,277
3,075
1,080
2,350
2,210
5,587
1,067
2,215
3,510
2,175
1,112
1,085
5,400
5,300
11,962

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

$62,107 50

Amount Invested.

$10,000
3,000
3,000
1,000
2,000
2,000
5,000
1,000
2,000
3,000
2,000
1,000
1,000
5,000
5,000
11,000

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

$57,000 00

A legal investment when made.

No. o f [1
Shares, j j

Detailed Statement o f Bank Stocks.

10 Central Nat’l Bank, Boston,
25 Everett Nat’l Bank, Boston, .
5 First Ward N’l Bank, Boston,
26 Freeman’s Nat’l Bank, Boston,
17 Manufacturers’ N’l B’k, Boston,
20 Metropolitan N’l B’k, Boston,.
25 Nat’l B’k of Commerce, Boston,
27 N’l Hide & Leather B’k, Boston,
26 Old Boston N’l Bank, Boston,.
27 Shawmut Nat’l Bank, Boston,.
15 State National Bank, Boston, .
18 Third National Bank, Boston,.
2 Tremont Nat’l Bank, Boston, .
25 Massachusetts Loan and Trust
Company, Boston,
25 Dedham Nat’l Bank, Dedham,
5 Salem National Bank, Salem,.
9 First N’l B’k, So. W eymouth,.
105 Union Nat’l Bank, Weymouth,


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

Par Value.

Estimated
Market Value.

Amount Invested.

1 00

$1,190
25
750
2,600
51
2,000
2,750
2,889
2,600
216
1,605
1,746
20

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

$1,000 00
162 13
500 00
2,450 00
1,862 50
2,500 00
2,700 00
2,600 00
1,500 00
1,800 00
100 00

2,500
2,500
500
900
10,500

2,850
2,500
400
810
8,925

00
00
00
00
00

2,500
2,500
500
900
10,416

$34,600

$33,927 00

$ 1 ,0 0 0

400
500
2,600
-

2,000
2,500
2,700
2,600
-

1,500
1,800

00
00
00
00
00

$33,990 63

N o. 8 .]

185

SA V IN G S B A N K CO M M ISSION ERS.

East W eym outh Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$14,000
5,000
5,000

$15,820 00
5,200 00
5,200 00

$14,000 00
5,000 00
5,000 00

15,000
10,000
2,000

18,000 00
10,900 00
2,075 00

15,000 00
10,000 00
2,000 00

$51,000

$57,195 00

$51,000 00

Par Value.

Boston, Clinton & Fitchburg R R. 5s,
Fitchburg R.R. 4s, .
Old Colony R.R. 4£s,
Rumford Falls & Rangeley Lakes
R.R. 5s.............................................
Upper Coos R.R. 4£s,
Vermont & Massachusetts R.R 5s, .

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

Rate.

Amount.

$14,133
48,256
5,000
70,365

43
30
00
86

2 per cent.
3
4
4h
“

Rate.

Amount.

$15,000
77,889
72,020
527,736

00
00
00
56

4| per cent.
5
5h
“
6

Rate.

Amount.

$4,780 00
7,586 47
10,525 11

per cent.
7
8

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 423
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, during
year ending Oct. 31, 1 9 0 0 ,.................................................................................
Times for the dividends fixed by the by-laws : April 10 and October 10.
Rate and amount of each semi-annual dividend f 2 per cent.,
$17,829 80 j
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
18,349 97 >
Number of accounts opened during the year ending Oct. 31, 1900,
. 288
Number of accounts closed during the year ending Oct. 31, 1900,
. 184
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,461
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .................................................................................2,006
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 0 , ...................................................................................................
Number of s a m e , .................................................................................1,764
Date of examination by commissioner: March 20.


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

“

$44,776 00
51,950 00
548,947 11

49,474 81
36,179 77

2,926 92
191,446 34

175,091 27

186

R E P O R T O F TH E

[Pub. Doc,

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

Incorporated Feb. 4, 1864.

Present number of corporators, 44.

J oh n Ca r r , President.
F r a n k E . G r a n g e r , TreasurerJ o h n F . N e w t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Jo h n C a r r ,
S a m u e l B . H o p k in s ,
G o rh am R o ge rs,

W il l i a m S. L e l a n d ,
G r e e n l e a f C. G e o r g e ,
G eorge E . B u l l a r d .

Open fo r business every business day except Saturdays, 9
days, 9 a .m . to 12 m .

B

alance

Sh eet O c t.

a .m .

to 3

p .m .

; Satur­

31, 1900.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Short and surplus account,
Notes receivable,*

$448,500
40,010
1,000
756.000
2,448,575
662,200

00
00
00
00
98
00

150.000
254,950
5,000
1,074
222
7,109

00
39
00
52
51
52

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

$4,774,642 92

$4,579,318 55
152,768 68
4,086 04
32,969 65
5,500 0©

$4,774,642 92

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ........................................................................ $99,150 4£
People’s National Bank, Boston,........................................................................
96,350 53
Shoe and Leather National Bank, B oston ,......................................................
64,449 42
Loan on Bank Stock : —
10 shares National Exchange Bank, B o s t o n , ............................................. $1,000 0©


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Federal Reserve Bank of St. Louis

No. 8 .]

SA V IN G S B A N K

187

CO M M ISSION ERS.

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

Par Value,

United States 3s,
Massachusetts 3s,
New Hampshire 6s, .
City of Bangor, Me., 6s, .
of Boston, Mass., 3ès,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Fall River, Mass., 4às,.
of Fall River, Mass., 6s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Lynn, Mass., 5s, .
of Marlborough, Mass., 4s,
of Salem, Mass., 3£s,
of Spi’ingfield, Mass., 6 s,.

1
i
Estimated
j üa.i'ket Value.

Amount Invested.

$100,000 $109,000 00 $100,000 00
100,000 00
101,325 00
100,000
500 00
551 25
500
4,000 00
4,440 00
4,000
100,000 00
107,750 00
100,000
25,000 00
27,500 00
25,000
5,000 00
5,637 50
5,000
10,000 00'
10,325 00
10,000
10,000 00
11,200 00
10,000
25,000 00
27,000 00
25,000
20,000 00
21,400 00
20,000
10,000 00
10,675 00
10,000
9,000 00
9,742 50
9,000
10,000 00
10,150 00
10,000
20,000 00
22,300 00
20,000
O

GO

o

$448,500 $478,996 25

00

No. of
Shares.

Detailed Statement o f Bank Stocks.

10 Atlantic Nat’l Bank, Boston, .
70 Atlas National Bank, Boston, .
10 Eliot National Bank, Boston, .
5 Market Nat’l Bank, Boston, .
30 Merchants’ N’l Bank, Boston,.
61 Mt, Vernon Nat’l B’k, Boston,
20 N’l B’k of Redemption, Boston,
171 People’s Nat’l Bank, Boston, .
43 Shawmut N’l Bank, Boston, .
14 State National Bank, Boston, ,
10 Naumkeag N’l Bank, Salem, .


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

Par Value.

$1,000
7,000
1,000
410
3,000
6,100
2,000
17,100
-

1,400
1,000
$40,010

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

$1,000 00
7,000 00
1,000 00
410 00
3,000 00
6,100 00
2,000 00
17,100 00
1,400 00
1,000 00

$46,441 00

$40,010 00

$1,150
7,000
1,400
100
4,890
6,100
2,360
20,349
344
1,498
1,250

[Pub. D oc

R E P O R T O F TH E

188

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

Par Value.

Boston & Albany II.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 3£s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Concord and Montreal R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Connecticut River R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 ¿s,.
Maine Central R.R. 4¿s, .
Newport & Richford R.R. 5s, .
N. Y. & N. E. R.R. (terminal) 4s, .
Old Colony R.R. 4 s ,.
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

Amount Invested

$50,000

$54,000 00

$50,000 00

11,000
50,000
50,000
25,000
25,000
50,000
50,000
25,000
25,000
25,000
1,000
25,000
100,000
50,000
22,000
25,000
85,000
37,000
25,000

12,430
51,500
53,500
28,687
27,187
51,625
54,750
28,500
28,750
27,875
1,010
22,375
100,750
55,625
24,090
30,500
96,075
38,202
26,187

11,000
50,000
50,000
25,000
25,000
50,000
50,000
25,000
25,000
25,000
1,000
25,000
100,000
50,000
22,000
25,000
85,000
37,000
25,000

$756,000

*

Estimated
Market Value.

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

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

$813,620 00 $756,000 00

A legal investment when made.

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

Amount.

$254,950
150.000
59,000
242.000

Kate.

39
00
00
00

2 per cent.
3%o “
3
3|
“

Amount.

$967,800
181,500
1,013,975
614,257

Rate.

00
00
27
32

4 per cent.
41
“
4i
«
5
“

Amount.

$1,500 00
24,500 00
14,352 91

Kate.

5i per cent.
5è
“
6

Number of loans which are of an amount not exceeding $3,000 each, 218
Aggregate amount of the s a m e , ........................................................................ $394,410 23
Total number of loans upon real e s t a t e , ............................................. 474
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
190,757 41
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend ( 1| per cent., $73,074 41 )
during the year ending Oct. 31, 1900, .
. 1 1| per cent.,
75,000 63 >
Number of accounts opened during the year ending Oct. 31, 1900,
1,600
Number of accounts closed during the year ending Oct. 31, 1900,
1,113
Total number of open accounts Oct. 31, 1900,
.
.
.
.
13,066


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Federal Reserve Bank of St. Louis

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

189

Eliot Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
.......................................................................................... $10,064 18
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900..............................................................................................
863,464 86
Number of s a m e , .................................................................................13,027
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
836,767 21
Number of s a m e , .................................................................................10,568
Date of examination by commissioner : March 29.


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Federal Reserve Bank of St. Louis

190

R E P O R T O F TH E

[Pub. Doc,

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, 19.

J o sep h S h a t t u c k , President.
J a m e s H. E a t o n , Treasurer.
J a m e s H. E a t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H. K. W

J o se p h S h a t t u c k ,
Sa m u e l W h it e ,

W

Open for business every business day, 9

Balance

a .m .

to 1

Sheet Oct.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loan on railroad stock,
Real estate (for banking pur­
poses) ...........................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

alter

p .m .

ebster,
E. Parker.

; also Saturdays, 2 to 4

p .m .

31, 1900.
L ia b il it ie s .

$1,112,500
200,800
15,550
810,000
100,000

00
00
00
00
00

20,000
13,800
3,673,320
2,224,840

00
00
00
00

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

$7,753,099 02
390.000 00
96,649 01
300.000 00

226,500 00
123,874 70
18,563 33
$8,539,748 03

$8,539,748 03

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston, .
Winthrop National Bank, Boston,
Merchants National Bank, Lawrence, .

$9,798 05
89,076 65
25,000 00

Loans on Bank Stock, amount on each: —
100 shares Arlington National Bank, Lawrence,
35 shares Merchants’ National Bank, Lawrence
6 shares Andover National Bank, Andover,
20 shares Merchants’ National Bank, Lawrence
10 shares Pacific National Bank, Lawrence,
6 shares Merchants’ National Bank, Lawrence
4 shares Merchants’ National Bank, Lawrence

$9,000 00
3,500 00
1,600
600
500
350

00
00
00
00

Loan on Railroad Stock: —
1,000 shares Boston & Maine R.R.,


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

$100,000 00

N o. 8 .]

191

S A Y IN G S B A N K CO M M ISSION ERS

E ssex Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

United States 4s,
.
City of Boston, Mass., 3£s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 5s,.
of Fall River, Mass., 3£s,
of Fall River, Mass., 6s, .
of Holyoke, Mass., 4s,
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 8s, .
of Lawrence, Mass., 4s, .
of Newton, Mass., 4s,
of Newton, Mass., 5s,

Estimated
Market Value.

Amount Invested.

$100,000 $135,000 00 $100,000 00
108,000 00
100,000 00
100,000
41,200 00
40,000 00
40,000
135,000 00
135,000
148,500 00
14,000 00*
13,270 00
14,000
50,000 00
53,000 00
50,000
25,000 00
27,250 00
25,000
55,000 00
50,000 00
50,000
200,000 00
223,000 00
200,000
17,000 00
17,000 00
17,000
277,970 00
265,500 00
265,500
114,000 00
100,000 00
100,000
16,000 00
16,000
17,440 00
$1,112,500 $1,230,630 00 $1,112,500 00

* A legal investment when made.

lsTo. oi
Shares.

Detailed Statement o f Bank Stocks.

40
130
6
20
80
60
40
200
46
75
80
250
130
100
100
10
166
27
100
66
50
300
300

■ Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’ l Bank, Boston, .
Continental N’l Bank, Boston,.
Eliot National Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’ l Shawmut Bank, Boston,.
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Bay State N’l B’k, Lawrence, .
Lawrence N’l B’k, Lawrence, .


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

$4,000
13,000
270
-

8,000
600
4,000
20,000
4,600
7,500
8,000
25,000
-

10,000
10,000
1,000
16,600
-

10,000
6,600
2,500
22.500
30,000
$204,170

Estimated
Market Value.

Amount Invested.

$4,600
13,000
150
100
11,200
180
4,000
32,600
4,600
8,250

00
00
00
00
00
00
00
00
00
00

$4,000 00
13,000 00

15,120
35,000
520
10,700
16,800
1,330
15,936
216
10,700
7,194
500
34,500
36,000

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

8,000 00
25,000 00

-

8,000 00
-

4,000
20,000
4,600
7,500

00
00
00
00

-

10,000
10,000
1,000
16,600

00
00
00
00

-

10,000 00
6,600 00
-

22,500 00
30,000 00

$263,196 00 $200,800 00

192

R E P O R T O F TH E

[Pub. D oc

E ssex Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4¿s,
Boston & Maine R.R. 4¿s,
Chicago & Northwestern R.R. 7s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. ,5s, .
Maine Central R.R. 4s,
New London Northern R.R. 5s,
New York, New Haven & Hartford
R.R. 4s.............................................
Worcester, Nashua & Roch. R.R, 4s,

Estimated
Market Value.

Amount Invested.

$50,000
50,000
50,000
50,000
200,000
50,000
100,000
100,000
40,000

$51,500
51,000
62,500
68,500
218,000
57,000
110,000
106,000
45,200

100,000
20,000

115,000 00
20,400 00

100,000 00
20,000 00

$810,000

$905,100 00

$810,000 00

00
00
00
00
00
00
00
00
00

$50,000
50,000
50,000
50,000
200,000
50,000
100,000
100,000
40,000

00
00
00
00
00
00
00
00
00

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

$123,874
15.000
38.000
141,000

Rate.

70
00
00
00

2 per cent.
3è
“
3è
«
3|
«

Amount.

$1,532,650
31,000
295,000
1,319,500

Rate.

00
00
00
00

4 per cent.
4J
“
«
H
“

44

Amount.

$104,500
2,535,810
114,950
112,800

Rate.

00
00
00
00

4| per cent.
5
«
6
“

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, 1900,
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
Assessed value of the same.......................................................... .........
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 636
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 865
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
Times for the dividends fixed by the by-laws: third Wednesday in
April and October.
Rate and amount of each semi-annual dividend f 2 per cent., $142,152 36
I
during the year ending Oct. 31, 1900,.
. I 2 per cent.,
145,620 33
Number of accounts opened during the year ending Oct. 31, 1900,
4,362
Number of accounts closed during the year ending Oct. 31, 1900,
3,561
Total number of open accounts Oct. 31, 1900,
.
.
.
.
21,333


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

$

20,000
30.000
33.000
487

00
00
00
89

13,800 00
17,700 00
15 71
868,540 00

372,144 28

287,772 69

N o. 8 .]

S A V IN G S B A N K COM M ISSION ERS.

193

Essex Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
$16,096 02
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,.......................................................................................... 1,672,217 43
Number of s a m e , .................................................................................
29,393
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ................................................................................................... 1,595,600 48
Number of same...................................................................................... 17,978
Date of examination by commissioner : February 23.


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Federal Reserve Bank of St. Louis

194

R E P O R T O F TH E

[Pub. D oc

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.
Jam

es

P.

St e

w art

H

,

Present number of corporators, 34.
S a m u e l P. C a n n e l l , Treasurer.
Clerk o f the Corporation.

President.

enry

K. Y

e a z ie

,

Names of committee charged with the investment of its funds:
W
D

oodbury
a n ie l

B.

A.
F

H

am

,

essen den

G

eorge

Sam
,

N
W . P

Open for business every business day, 2 to 4

uel

l a is t e d

p .m

P . Can

a t h a n ie l

.

nell

J. M

ead

,
,

.

; also Saturdays, 7.30 to 8.30

p .m

.

B a l a n c e S h e e t O c t . 31, 1900.

A ssets.

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 ia b il it ie s .

$209,350 00
15,000 00
41,800
56,621
252
2,001

00
19
49
12

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

$325,024 80

$317,850 24
4,500 00
576 80
2,097 76

$325,024 80

Cash on Deposit in Banks, amount in each: —
National Security Bank, Boston,........................................................................$3,121 97
Winthrop National Bank, B o s t o n , ...............................................................
12,827
Mercantile Trust Company, B o s t o n ,...............................................................
11,093
First National Bank, C h e l s e a , ........................................................................
11,059
Winnisimmet National Bank, C h e l s e a , ......................................................
8,738
First National Bank, Malden...............................................................................
10,032

50
69
86
33
33

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

A m ou n t.

$25,827 50
30,793 69
73,200 00

R ate.

2 per cent.
2è
»
4
«


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

A m ou n t.

$1,800 00
1,800 00
91,600 00

R a te.

4j£ per cent.
H
“
5
“

A m ou n t.

$2,500 00
34,200 00
61,050 00

R ate.

5| per cent.
5è
“
6

/

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS.

195

Everett Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 97
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 101
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
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.,
$4,879 26
during the year ending Oct. 31, 1900,.
.
1 2 per cent.,
5,386 03
Number of accounts opened during the year ending Oct. 31, 1900,
. 484
Number of accounts closed during the year ending Oct. 31,1900,
. 238
Total number of open accounts Oct. 31, 1900....................................
2,013
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.................................... .........
3,261
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1900............................................................................................................
Number of same, .
........................................................................ 2,072
Date of examination by commissioner: January 23.


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

$151,100 00

13,699 73

10,265 29

1,374 80
156,206 18

120,574 61

196

R E P O R T O F TH E

[Pub. D oc

F A IR H A V 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.
G

eorge

H.

T

ab er

President.
C h a r l e s H.

Present number of corporators, 34.
C h a r l e s H. M o r t o n , Treasurer.
Clerk o f the Corporation.

,

M

orton,

Names of committee charged with the investment of its funds :
G

eorge

L

evi

H.

T

aber

,

T

M . Sn o w ,

homas

A.

John B. H
Cyrus

D.

H

T

r ip p

u ssey

,

,

unt.

Open for business every business day, 9

a

.m .

to 1 p . m .

B alance Sheet Oct . 31, 1900.

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,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Peet Valve Co.,*
Cash on hand, .
.
.
.

L ia b il it ie s .

$9,000
69,300
600
23,497

00
00
00
78

4,500
4.000
289,442
19,155
13,285
5.000
26
3.000
53

00
00
78
00
11
00
00
00
39

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

$440,860 06

$431,966 60
6,670 00

221 66
2,001 80

$440,860 06

* T a k e n t o s e c u r e in d e b t e d n e s s .

Cash on Deposit in Bank : —
National Bank of Fairhaven, Fairhaven,

$18,285 11

Loans on Bank Stock, amount on each: —
5 shares National Bank of Fairhaven, Fairhaven,
9 shares National Bank of Fairhaven, Fairhaven,


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

$300 00
300 00

No. 8 .]

197

SA V IN G S B A N K CO M M ISSION ERS.

Fairhaven Institution for Savings — Continued.
Detailed Statement o f Public Funds.
E stim ated
P a r V alue.

Town of Watertown, Mass., 3£s,

$9,000

M a rk et V alue.

A m ou n t In v ested.

$9,000 00

$9,000 00

N o. o f
Shares.

Detailed Statement o f Bank Stocks.

50
90
60
85
30
158
40
90
68

P a r V alue.

Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
Nat’l Shawmut Bank, Boston,.
State National Bank, Boston, .
N’l B’k of Fairhaven,Fairhaven,
Citizens’ National Bank, New
Bedford,
.
.
.
.
First Nat’l Bank, New Bedford,
Mechanics’ National Bank, New
Bedford,
.
.
.
.

$5,000
9,000
6,000
8,500
3,000
12,640

E stim ated
M a rk et V alue.

$7,000
9,900
8,400
14,280
3,210
11,060

A m ou n t Invested.

$6,500
9,540
7,020
12,750
3,240
9,480

00
00
00
00
00
00

00
00
00
00
00
00

9,000

40 00
11,250 00

11,250 00

6,800

9,520 00

9,520 00

$59,940

$74,660 00

$69,300 00

-

-

Detailed Statement o f Railroad Bonds.

P a r V a lu e.

Boston & Lowell R.R. 4s,
Concord & Montreal R.R. 4s, .
Illinois Central R.R. 3ès, .

E stim ated
M a rk et V a lu e.

A m ou n t In v ested.

$10,000
3,000
10,000

$10,725 00
3,285 00
10,497 78

$10,000 00
3,000 00
10,497 78

$23,000

$24,507 78

$23,497 78

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

K ate.

A m ou n t.

K ate.

A m ou n t.

K ate.

2 per cent.
4
“

$130,330 40
45,689 00

5 per cent.
5h
“

$117,678 38
500 00

6 per cent.
eh
“

A m ou n t.

$13,285 11
10,000 00
5,000 00

4è


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

“

R E P O R T O F TH E

198

[Pub. D oc

Fairhaven Institution for Savings — Concluded.
Amount invested in real estate for banking purposes,.................................... $4,500 00
Estimated value of the same,................................................................................
6,000
Assessed value of the s a m e ,.................................................................................
3,800
Value, by books, of other real estate, held or owned by foreclosure or
oth erw ise,........................................................................ .........
4,000
Assessed value of the same.....................................................................................
4,000
Net income received from same during year ending Oct. 31, 1900,
.
.
78
Number of loans which are of an amount not exceeding $3,000 each, 215
Aggregate amount of the s a m e , ........................................................................
195,670
Total number of loans upon real e s t a t e , ............................................. 226
Amount of investments from which no income is received,
.
.
.
14,466
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
22,325
Time for the dividends fixed by the by-laws: last Monday in April and
October.
Rate and amount of each semi-annual dividend f 1| per cent.,
$7,505 07 1 ^
during the year ending Oct. 31, 1900,.
.
I 1| per cent.,
7,337 70)
’
Number of accounts opened during the year ending Oct. 31, 1900,
. 95
Number of accounts closed during the year ending Oct. 31, 1900,
. 110
Total number of open accounts Oct. 31, 1 9 0 0 , .................................... 836
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
2,470
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
42,440
Number of s a m e , ..........................................................................................343
Amount of withdrawals, including dividends during the year ending
Oct. 3 1 , 1 9 0 0 , ...................................................................................................
80,709
Number of s a m e , .......................................................................................... 619
Date of examination by commissioner: August 27.


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

00
00
00
00
67
90
48
69

^

86

08

97

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

200

R E P O R T O F TH E

[Pub. D oc

Fall Biver Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of
of
of
of
of
of

Boston, Mass ,4s,
Boston, Mass., 5s,
Cambridge, Mass., 4s,
Chicago, 111., 4s, .
Fall River, Mass., 5s,
Fall River, Mass., 6s,
Lynn, Mass., 4s, .
Waltham, Mass., 4s,
Worcester, Mass., 4s,

.
.
.
.
.

Estimated
Market Value.

Amount Invested.

$200,000 $224,000 00 $200,000 00
100,000
110,000 00
100,000 00
80,000
85,600 00
80,000 00
50.000
55,500 00.
50.000 00
13.000
14,610 00
13.000 00
30.000
32,980 00
30.000 00
35.000
36,250 00
35.000 00
6,000
6,240 00
6,000 00
25.000
28,000 00
25.000 00
$539,000 $593,180 00 $539,000 00

No. o f 1
Shares, j

Detailed Statement o f Bank Stocks.

150 Eliot National Bank, Boston, .
400 Faneuil Hall N’l Bank, Boston,
330 First National Bank, Boston, .
160 Merchants’ Nat’l B’k, Boston, .
200 N’l B’k of Commerce, Boston,
110 N’l B’k of Redemption, Boston,
250 N’l Hide & Leather B’k, Boston,
450 Nat’l Shawmut Bank, Boston,
232 Second Nat’l Bank, Boston,
200 Washington N’l Bank, Boston,
100 First National Bank, Chelsea,.
715 Fall River N’l B’k, Fall River,
50 First National B’k, Fall River,
650 Massasoit N’l B’k, Fall River,
935 Metacomet N’l B’k, Fall River,
150 Second Nat’l Bank, Fall River,
500 First Nat’l B’k, New Bedford,
220 Merchants’ Nat’l Bank, New
Bedford..................................
420 National Bank of Commerce,
New Bedford,


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

Par Value.

$15,000
40,000
33,000
16,000
20,000
11,000
25,000
45,000
23,200
20,000
10,000
71,500
5,000
65,000
93,500
15,000
50,000

Estimated
Market Value.

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

$15,000 00
40,000 00
33,000 00
16,000 00
20,000 00
11,000 00
25,000 00
67,500 00
23,200 00
20,000.00
10,000 00
71,500 00
5,000 00
65,000 00
93,500 00
15,000 00
50,000 00

22,000

42,240 00

22,000 00

8,400

2,100 00

400 00

$588,600

$21,000
49,600
59,400
26,080
22,000
12,980
26,750
75,600
40,368
20,600
10,500
75,075
7,500
100,750
116,875
23,250
62,500

Amount Invested.

$795,168 00 $603,100 00

No. 8 .]

201

SA Y IN G S B A N K COM M ISSION ERS

Fall River Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
.
.
.
Boston & Lowell R.R. 4s,
Boston, Winthrop & Shore R.R. 5 s ,.
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Illinois Central R.R. 4s, .
Milwaukee, Lake Shore & Western
R.R 5 s ,...........................................
New York, New Haven & Hartford
R.R. 4s, ...........................................
Old Colony R.R. 4s, .
Old Colony R.R. 4¿s,
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$40,000
30,000

$44,800 00
35,100 00

$40,000 00
30,000 00

70,000
25,000
15,000
100,000
10,000
75,000

79,800
26,000
16,200
111,000
10,900
84,000

70,000
25,000
15,000
100,000
10,000
75,000

14,000
20,000
150,000
50,000
50,000
$649,000

00
00
00
00
00
00

15,120 00
23,200
172,000
52,000
52,500

00
00
00
00

$722,620 00

00
00
00
00
00
00

14,000 00
20,000
150,000
50,000
50,000

00
00
00
00

$649,000 00

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

$109,000 00
1 0 0 ,0 0 0 00

56.000 00
40.000 00
1 0 0 ,0 0 0 00

Kate.

per cent.
“
“
3%o
“
3ÿio “
2

2|
3

Amount.

$50,000
645.000
50.000
625.000
50.000

Rate.

00
00
00
00
00

3¿ per cent.
4
“
4&
44
“
4|
»

Amount.

$795,600
50,000
1,547,294
1,623,830
3,650

Rate.

00
00
00
00
00

4¿ per cent.
4|
“
5
“
H
“
6
“

Amount invested in real estate for banking purposes,....................................
$46,000 00
Estimated value of the s a m e , ........................................................................
48.000 00
48.000 00
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
700 00
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
26.500 00
Assessed value of the s a m e ,.................................................................................
27,200 00
Number of loans which are of an amount not exceeding $3,000 each, 1,072
Aggregate amount of the s a m e , ........................................................................ 1,502,128 00
Total number of loans upon real e s t a t e , .................................... 1,356
Amount of investments from which no income is received, .
.
.
.
26.500 00
■Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 0 ,.................................................................................
349,671 89
Times for the dividends fixed by ¡the by-laws : first Monday in April and
October.


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

202

R E P O R T O F TH E

[Pub. D oc.

Fall Kiver Savings Bank — Concluded.
Rate and amount of eachsemi-annual dividend | 2 per cent., $136,941 62 ? ^ 2 7 5 8 5 7
during the year ending Oct. 31,1900, .
. 1 2 per cent.,
138,925 42 >
Number of accounts opened during the year ending Oct. 31, 1900,
2,378
Number of accounts closed during the year ending Oct. 31, 1900,
1,891
Total number of open accounts Oct. 31, 1900,
.
.
.
.
14,788
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),........................................................................................................... 16,521
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,.......................................................................................... 1,079,732
Number of same...................................................................................... 15,574
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ................................................................................................ 1,156,990
Number of s a m e , .................................................................................12,624
Date of examination by commissioner : November 21 and 22.


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

04

72
71

74

No. 8 .]

20&

SA V IN G S B A N K COM M ISSION ERS.

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

Incorporated April 10, 1855.
W

alter

Present number of corporators, 25.

C . D u r f e e , President.
C h a r l e s J. H o l m e s , Treasurer.
L e o n a r d N. S l a d e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W a l t e r C. D u r f e e ,
A b n e r P. D a v o l ,
L e o n t in e L in c o l n ,
E d w a r d B. J e n n in g s ,
C h a r l e s S. W a r i n g .

Open for business every business day, 9

Balan ce Sheet O ct.

a .m .

to 2

p .m .

31, 1900.

L ia b il it ie s .

A ssets.

$188,000 00
358,350 00
600,000 00

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,
Border City Mfg. Co. stock,* .
Border City Mfg. Co. bonds,* .
Granite Mills stock,* .
Cash on hand, .
.
.
.

45,000
68,914
2,338,532
904,000
43,271
4,052
8,796
5.000
8.000
18,875

00
04
00
00
04
79
78
00
00
05

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rental account,
Due on mortgage
loans, .

$4,590,791 70

$4,245,864 27
142,000 00
96,455 30
83,706 37
21,764 01
1,001 75

$4,590,791 70

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
National Exchange Bank, Boston,
National Shawmut Bank, Boston,
Second National Bank, Fall River,


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

$13,820 58
5,916 57
23,533 89

204

R E P O R T O F TH E

[Pub. D oc

Pall River Pive Cents Savings Bank — Continued.

Detailed Statement o f Public Funds.
Par Value.

City of
of
of
of
of

Bangor, Me., 2|s,.
Brockton, Mass., 3£s, .
Chicago, 111., 4s, .
Everett, Mass., 4s,
Lynn, Mass., 4s, .

$30,000
33.000
50.000
25.000
50.000

Estimated
Market Value.

$30,000
34,254
55,250
27,800
51,875

00
50
00
00
00

$188,000 $199,179 50

Amount Invested.

$30,000
33.000
50.000
25.000
50.000

00
00
00
00
00

$188,000 00

Ko. of
Shares.

Detailed Statement o f B ank Stocks.

50
500
150
15
100
50
175
85
35
250
100
150
325
100
20
120
250
300
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, .
Eliot National Bank, Boston, .
Faneuil Hall Nat’l B’k, Boston,
First National 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 Redemption, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut B’k, Boston, .
Nat’l Webster Bank, Boston, .
Shawmut Nat’ l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Third National Bank, Boston,
Winthrop N’l Bank, Boston, .
First National Bank, Chelsea,
Dedham Nat’l Bank, Dedham,
Metacomet N’l B’k, Fall River,
National Union B’k, Fall River,
Second Nat’l Bank, Fall River,
Leominster N’l B’k, Leominster,
First National Bank, Malden, .
Oxford National B’k, O xford,.
Palmer Nat’l Bank, Palmer, .


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

$5,000
50,000
6,750
1,500
10,000
5,000
17,500
8,500
3,500
25,000
-

15,000
32,500
10,000
2,000
_
25,000
30,000
7,000
30,000
2,000
10,000
3,600
41,200
5,000
10,000
1,000
1,300

Estimated
Market Value.

$5,750
50,000
3,750
2,100
12,400
9,000
17,500
16,490
3,850
29,500
400
21,000
34,775
16,800
1,920
960
30,500
29,100
10,500
31,500
2,120
12,500
3,780
63,860
5,750
15,800
1,050
1,625

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

Amount Invested.

$5,000
50,000
6,750
1,500
10,000
5,000
17,500
8,500
3,500
25,000

00
00
00
00
00
00
00
00
00
00

-

15,000
32,500
10,000
2,000

00
00
00
00
-

25,000
30,000
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

$358,350 $434,280 00 $358,350 00

No. 8 .]

205

SA Y IN G S B A N K COM M ISSION ERS.

F all River Five Cents Savings Bank — Continued.

Detailed Statement o f Railroad Bonds.
Par Value.

Chic., Burlington & Quincy R.R. 5s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3 ¿s,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 4ès, .
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
Old Colony R.R. 4 s,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................

$75,000
50,000
75,000
75,000
25,000
75,000

Estimated
Market Value.

$86,250
55,875
75,000
83,775
26,375
83,625

00
00
00
00
00
00

Amount Invested.

$75,000
50,000
75,000
75,000
25,000
75,000

00
00
00
00
00
00

75,000
50,000

93,375 00
57,250 00

75,000 00
50,000 00

100,000

133,000 00

100,000 00

$600,000 $694,525 00 $600,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Bate.

Amount.

$43,271 04
504,000 00
35,000 00

2

4
4

per cent.
“
“

Amount.

Kate.

Amount.

$337,700 00
45,000 00
1,042,055 00

4¿ per cent.
4|
“
5
“

$1,240,877 00
37,900 00

Bate.

5¿ per cent.
“

6

00
Amount invested in real estate for banking purposes,............................. $45,000
Estimated value of the s a m e , ..............................................................
68,500
00
Assessed value of the same...........................................................................
68,500
00
Net income received from same during year ending Oct. 31, 1900, .
.
1,859 18
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,..................................................................................................
68,914
04
Assessed value of the s a m e ,.......................................................................
89,600
00
Net income received from same during year ending Oct. 31, 1900, .
.
2,900 00
Number of loans which are of an amount not exceeding $3,000 each, 538
Aggregate amount of the s a m e , ........................................................................
825,182 00
Total number of loans upon real e s t a t e , ............................................. 763
Amount of investments from which no income is received, .
.
.
.
1,711 65
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
220,424 87
Times for the dividends fixed by the by-laws: second Monday in June
and December.
Rate and amount of each semi-annual dividend f 2 per cent., $77,468 18 1 ^ g 7 3 5 gy
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
79,266 891
Number of accounts opened during the year ending Oct. 31, 1900,
2,830
Number of accounts closed during the year ending Oct. 31, 1900,
1,784
Total number of open accounts Oct. 31, 1900,
.
.
.
.
15,662


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Federal Reserve Bank of St. Louis

206

R E P O R T O F TH E

[Pub. D oc.

Fall River Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
.......................................................................................... $10,109 84
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
811,639 65
Number of s a m e , .................................................................................
23,878
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
744,333 31
Number of s a m e , ................................................................................. 11,513
Date of examination by commissioner : February 6 .


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Federal Reserve Bank of St. Louis

No. 8 .]

207

SA Y IN G S B A N K COM M ISSION ERS.

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.
W

il l a r d

Present number of corporators, 30.
G e o r g e E. C u t l e r , Treasurer.

H o w e , President.

S . G . D a v e n p o r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G e o r g e E. C u t l e r .
J. T. W h it n e y ,
A. R . N ew ton ,

H. L. S a w y e r ,
C. D. L e w i s ,
S. A. P h i l l i p 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 .

to 12

m.

; 2 to 4

p .m .

;

31, 1900.
L ia b il it ie s .

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Loan on railroad bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Furniture account,
Cash on band, .
.
.
.

a .m .

$24,768
3,900
100
22,337
453,887
250,075

00
00
00
17
40
79

15.000
985
25.000
10,292
1,040
1,169

00
00
00
06
00
19

Deposits, .
Guaranty fund,
Interest account,
Cemetery funds,
Insurance,

$808,554 61

$757,439
19,800
30,662
621
30

27
00
46
98
90

$808,554 61

Cash on Deposit in Banks, amount in each : —
Framingham National Bank, South Framingham, .
.
.
.
.
Puritan Trust Company, B o s t o n , ...............................................................

$10,292 06
25,000 00

Loans on Bank Stock, amount on each : —
5
12
10
12
2
2

shares Boylston National Bank, Boston,
shares Framingham National Bank, South Framingham,
shares Framingham National Bank, South Framingham,
shares Framingham National Bank, South Framingham,
shares Framingham National Bank, South Framingham,
shares Framingham National Bank, South Framingham,

$100 00
1,200 00
1,000 00
1,200 00

200 00
200 00

Loan on Railroad Bonds : —
$100 Maine Central R.R. 6s,


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

$100 00

208

[Pub. Doc.-

REPORT OF TH E

F a rm ers’ and M e c h a n ic s ’ Savings B an k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

21
16
6
40
7
9
6
5
17*
9
100
10

Estimated
Market Value.

Amount Invested.

50.0
466

$105
2,240
600
800
35
1,566
48
525
350

$5
2,084
551
8,188
413
1,358
52
650
932

900

1,035 00

1,134 00

10,000
1,000

16,000 00
1,000 00

13,399 00
1,000 00

$19,407

$24,304 00

$24,768 00

Par Value.

Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Nat’l Revere Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
First National Bank, Chelsea,.
Holliston N’l Bank, Holliston,
Northborough National Bank,
Northborough,
Framingham National Bank,
South Framingham,
First N’l Bank, West Newton,

$1,600
600
3,280
161
900

00
00
00
00
00
00
00
00
00

25
00
00
25
50
25
50
00
25-

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

Amount.

$25,000 00
35,000 00
92,500 00

Kate.

3 percent.
4
“
4£

Amount.

$70,000 00
436,739 79

Kate.

4| per cent.
5
“

Amount.

$8,000 00
81,708 40

Kate.

5^ per cent*
6

“

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$22,337 17
Assessed value of the s a m e ,.................................................................................
19,400 00
Number of loans which are of an amount not exceeding $3,000 each, 259
Aggregate amount of the s a m e , ........................................................................
300,197 19
Total number of loans upon real e s t a t e , ............................................. 245
Amount of investments from which no income is received, .
.
.
.
10,000 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
34,994 42
Times for the dividends fixed by the by-laws: first Tuesday in April and
October.
Rate and amount of each semi-annual dividend 12 per cent., $13,667 61 )
27,810 40'
during the year ending Oct. 31, 1900,.
.
i 2 per cent.,
14,172 79 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 391
Number of accounts closed during the year ending Oct. 31, 1900,
. 289
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,792


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Federal Reserve Bank of St. Louis

No. 8 .]

209

S A Y IN G S B A N K CO M M ISSION ERS.

Farmers* and Mechanics’ Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes), ..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .................................................................................2 >8 "
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ................................................................................ 2,224
Date of examination by commissioner : February 16.


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

$2,374 40
155,045 83

151,383 13

[Pub. D oc.

R E P O R T O F TH E

210

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.
Ch arles E. W

Present number of corporators, 41.

B r ig h a m N . B u l l o c k , Treasurer.
E b e n e z e r B a i l e y , Clerk o f the Corporation.

are,

President.

Names of committee charged with the investment of its funds:
R odney W a lla c e ,
C a r m i M. P a r k e r ,
Charles E . W

R eu b e n R . Conn,
H e n r y G. M o r s e ,
are.

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

B alan ce Sh eet O

ct.

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,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans o d 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, .
.
.
.

31, 1900.

$255,597
173,615
18,900
387,500
27,000

50
00
00
00

130,000
12,728
1,791,860
1,291,386

00
87
00
16

131,087
129,823
5,000
1,983

50
50
00
22

Deposits, .
Guaranty fund,
Interest account,
Suspense account,

$4,101,399 64
174,200 00
80,871 11
.

11 0 0

00

$4,356,481 75

$4,356,481 75

Cash on Deposit in Banks, amount in each: —
Merchants’ National Bank, B o s t o n ,............................................................... $76,742 11
National Shawmut Bank, B o s t o n , ...............................................................
4,239 67
Fitchburg National Bank, Fitchburg.................................................................. 13,841 72
Safety Fund National Bank, F it c h b u r g ,......................................................
20,000 00
Northampton National Bank, Northampton.....................................................
20,000 00


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S B A N K CO M M ISSIO N ERS.

211

Fitchburg Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
112 shares Safety Fund National Bank, Fitchburg.................................
14 shares Wachusett National Bank, Fitchburg,
.
.
.
.
3 shares Westminster National Bank, Gardner,
.
.
.
.
4 shares Home National Bank, H o l y o k e , ....................................
100 shares Springfield Safe Deposit and Trust Company, Springfield,

$

7,000 00

1,400 00
500 00
10,000 00

Detailed Statement o f Public Funds.
Par Value.

United States 3s,
. . .
United States 4s,
. . .
City of Fitchburg, Mass., 3is, .
of Fitchburg, Mass., 4s, .
of Keene, N. II., o^s,
of New Bedford, Mass., 4s,
of Norwich, Conn., 7s,
of Portland, Me., 6s,
of Saginaw, Mich., 4s,
Town of Turner’s Falls, Mass. (Fire
District), 4s, .

$20,000
30,000
50,000
56,000
12,000
25,000
17,000
5,000
15,000
25,000
$255,000

Estimated
Market Value.

$22,000
34,575
51,750
59,530
12,410
26,375
19,550
5,875
15,150

00
00
00
00
00
00
00
00
00

26,235 00

Amount Invested.

$20,000
30,000
50,000
56,000
12,000
25,000
17,935
4,662
15,000

00
00
00
00
00
00
00
50
00

25,000 00

$273,450 00 $255,597 50

No. o f
Shares.

Detailed Statement o f Bank Stocks.

60
100
100
166
225
100
200
182
123
170
50
100
5
67
100
30

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Eliot National Bank, Boston. .
Lincoln National Bank, Boston,
Merchants’ N’l Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
Fitchburg Nat’l B’k, Fitchburg,
Rollstone Nat’l B’k, Fitchburg,
Safety Fund N’l B’k, Fitchburg,
Citizens’ N’l B’k, New Bedford,
National Bank of Commerce,
New Bedford,
Townsend N’l B’k, Townsend,
Crocker N’l B’k,Turner’s Falls,
City National Bank, Worcester,
Quinsigamond National Bank,
Worcester, .
.
.
.


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

$6,000
10,000
10,000
1,660
22,500
10,000
20,000
18,200
12,300
17,000
-

2,000
500
6,700
10,000
3,000

Estimated
Market Value.

Amount Invested.

$6,900
10,000
14,000
498
36,675
10,700
33,600
25,480
17,835
17,000
50

00
00
00
00
00
00
00
00
00
00
00

$7,500
12,500
13,000
1,660
23,750
11,600
30,000
20,875
13,530
18,000

500
575
9,715
12,000

00
00
00
00

1,000
500
6,700
10,000

4,350 00

00
00
00
00
00
00
00
00
00
00

-

00
00
00
00

3,000 00

$149,860 $199,878 00 $173,615 00

212

R E P O R T O F TH E

[Pub. D oc.

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

Par Value.

Chic., Burlington & Quincy R.R. 7s,
Fitchburg R.R. 4s, .
.
.
.
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R 5s, .
Maine Central R.R, 4s,
Michigan Central R.R. 5s,
Old Colony R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .

$5,000
160,000
30,000
135,000
25,000
5,000
5,000
16,000

Estimated
Market Value.

$5,425
172,375
33,750
140,775
26,375
5,075
5,725
16,640

Amount Invested.

00
00
00
00
00
00
00
00

$381,000 $406,140 00

$5,500
163,000
31,500
136,500
25,000
5,000
5,000
16,000

00
00
00
00
00
00
00
00

$387,500 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

$25,000

Estimated
Market Value.

Amount Invested.

$28,750 00

$27,000 00

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

$80,981
8,841
45.000
50.000
40,087

Rate.

78
72
00
00
50

Amount.

per cent.
“
3
“
3J
“

$30,000 00
25.000 00
198,000 00

3Ì

265,200 00

2

2à

1 2 .0 0 0 00

Rate.

Amount.

Rate.

3J per cent.
3|
“
4
“
4*
“
“
H

$689,800 00
1,712,566 16
143,505 00
41,075 00

4£ per cent.
4f
5
“
5h
“

2 1 ,0 0 0 0 0

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, 1900,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise.................................................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 436
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate,
............................................. 520
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.


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

6

$130,000 00
130.000 00

102.000 00
1,266 45
12,728 87
15,050 00
590 13
614,310 00

185,698 56

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

213

Fitchburg Savings Bank — Concluded.
Rate and amount of eachsemi-annualdividend f 2 per cent., $75,810 00 I $154,151 42
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
78,341 42
Number of accounts opened during the year ending Oct. 31, 1900,
1,293
Number of accounts closed during the year ending Oct. 31, 1900,
. 847
Total number of open accounts Oct. 31, 1900,
.
.
.
.
8,581
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
7,360 05
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
636,705 51
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ..........................................................................................5,768
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .......................................................................................... 4,609
Date of examination by commissioner : September 24.


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

575,999 12

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

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

216

R E P O R T O F TH E

[Pub. D oc

Florence Savings B ank— Concluded.
Rate and amount of each semi-annual dividend f I f per cent.,$5,568 11
|
$11,500 29
during the year ending Oct. 31, 1900,.
. I l f per cent.,
5,932 183
Number of accounts opened during the year ending Oct. 31, 1900,
. 198
Number of accounts closed during the year ending Oct. 31, 1900,
. 139
Total number of open accounts Oct. 31, 1900....................................
1,424
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
973 95
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
76,681 08
Number of s a m e ,............................................................................. 1,893
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
66,393 38
Number of same...................................................................................1,204
Date of examination by commissioner: February 2.


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

No. 8 .]

217

SA V IN G S B A N K COM M ISSION ERS

FO XB O R O U G H S A V IN G S B A N K — FO XB O R O U G H .

Incorporated April 18, 1855.

Present number of corporators, 36.

F i s h e r E . H a r t s h o r n , President.
E d w a r d M. P h e l p s , Treasurer.
E d w a r d M. P h e l p s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R ic h a r d S. C a r p e n t e r ,
F is h e r E. H a r t s h o r n .
A l l e n H . M e s s in g e r ,
L e w is E. G r a y ,
W il l i a m T. C o o k .

Open for business every business day, 9 a . m . to 3 p . m . ; also Wednesdays and Saturdays, 6 to 8 p . m .

B alan ce S heet O ct.

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Cash on hand.................................

$9,000 00
42,085 00
64.000 00

Deposits, .
Guaranty fund,
Undivided earnings,

$318,550 63
15,600 00
5,326 12

1 0 .0 0 0 0 0

6,500 00
191,495 00
10,625 00
3,200 00
607 04
1,964 71
$339,476 75

$339,476 75

Cash on Deposit in Bank: —
Winthrop National Bank, B o s t o n , ...............................................................

$607 04

Detailed Statement o f Public Funds.
Par Value.

City of Lynn, Mass., 5s, .


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

$9,000

Estimated
Market Value.

$9,675 00

Amount Invested.

$9,000 00

218

R E P O R T O F TH E

[Pub. D oc

Foxborough Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

23
34
27
22
8
5
58
10
11
10
40
50
10
14
35
6
30
12
24
36
5
8

Par Value.

Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Metropolitan N’l B’k, Boston,
Mt. Vernon Nat’l B’k, Boston,.
N’l B’k of Commerce, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston,
Shoe & Leather N’l B'k, Boston,
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthi-op Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
National Bank of Wrentham,
Wrentham, .
.
.
.
State Street Trust Co., Boston,

f 1,035
3,400
2,700

Estimated
Market Value.

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

$1,035 00
3,400 00
2,700 00

350
800

350 00
848 00

350 00
800 00

$42,085

$48,936 00

$42,085 00

-

800
_

5,800
1,000
1,100
_
4,000
5,000
1,000
1,400
3,500
600
3,000
600
2,400
3,600

$575
3,536
4,050
110
992
15
5,800
1,000
1,210
40
4,280
8,400
960
1,400
4,270
654
2,910
120
3,600
3,816

Amount Invested.

800 00
-

5,800 00
1,000 00
1,100 00
_

4,000
5,000
1,000
1,400
3,500
600
3,000
600
2,400
3,600

00
00
00
00
00
00
00
00
00
00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedfoi’d R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston, Revere Beach & Lynn R.R.
4 é s , ...........................................
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 5s, .
Illinois Central R.R. 3 ¿s ,.
Maine Central R.R. 4s,
Maine Central R.R. 4¿s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5s, .


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

Estimated
Market Value.

Amount Invested.

$2,000
11,000

$2,260 00
11,620 00

$2,000 00
11,000 00

5,000
5,000
5,000
10,000
6,000
5,000

5,925
5,150
5,525
10,100
6,360
5,575

5,000
5,000
5,000
10,000
6,000
5,000

00
00
00
00
00
00

00
00
00
00
00
00

5,000
5,000
5,000

6,600 00
5,300 00
5,200 00

5,000 00
5,000 00
5,000 00

$64,000

$69,615 00

$64,000 00

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

219

Foxborough Savings B ank— Concluded.
Boston Terminal Company Bonds.

Boston Terminal Company 3£s,

Par Value.

Estimated
Market Value.

Amount Invested.

110,000

$11,500 00

$10,000 00

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

$607 04
3,200 00

Rate.

2

3*

per cent.
“

Amount.

$24,575 00
7,800 00

Rate.

Amount.

5 per cent.
5£
“

$169,745 00

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 of an amount not exceeding $3,000 each, 185
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................176
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: Wednesday after first
Monday in June and December.
Rate and amount of each semi-annual dividend f 2 per cent.,
$5,928 73 1
during the year ending Oct. 31, 1900,.
.
I 2 per cent.,
6,058 23 J
Number of accounts opened duringthe year ending Oct. 31, 1900,
. 173
Number of accounts closed during the year ending Oct. 31, 1900,
. 140
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,363
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,...................................................................................... 997
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900...........................................................................................................
Number of s a m e ,..........................................................................1,242
Date of examination by commissioner: January 2.


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

per cent.

$6,500 00
7,150 00
173,820 00
10,285 00
17,038 07

11,986 96

1,435 23
65,392 55

79,067 95

[Pub. Doc,

REPORT OF THE

220

F R A N K L IN S A V IN G S B A N K — BOSTON.

Incorporated March 15,1861.

Present number of corporators, 93.

A u g u stu s P a r k e r , President.

E b e n e z e r A l e x a n d e r , Treasurer.

G e o r g e A . F i s h e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A u g ustus P a r k e r ,
M a r t in L. B r a d f o r d ,
Ja m e s A r t h u r Jac o b s,

J a m e s E. W h i t n e y ,
C h ar les E . R o gerson,
J. H o m e r P i e r c e .

Open for business every business day, 9

B a l a n c e Sh e e t O c t .

a .m .

to 2 p . m .

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, . $1,425,000 00
297,999 62
Bank stock, as per schedule,
5,000 00
Loan on bank stock, .
1,741,000 00
Railroad bonds, as per schedule,
2 1 ,0 0 0 00
Loans on railroad stock, .
300.000 00
Boston Terminal Co. bonds,
Real estate (for banking pur­
225.000 00
poses), ....................................
147,321 59
Real estate by foreclosure,
4,124,144
79
Loans on real estate, .
2,251,739 68
Loans on personal security,
Loans to counties, cities or towns
80,000 0 0
( n o te s ),....................................
447,648 28
Deposits in banks, on interest, .
5,807 75
Expense account,
2,978 00
Unpaid taxes, rents, etc., .
14,882
39
Cash on hand, .
.
.
.

$10,490,699 56
Deposits, .
430,000 00
Guaranty fund,
99,959 64
Interest account,
Profit and loss ac­
68,862 90
count, .

$11,089,522 10

$11,089,522 10

Cash on Deposit in Banks, amount in each : —
Bay State Trust Company, B o s t o n , ............................................................... $37,704 80
Boylston National Bank, B o s t o n , ...............................................................
122,124
Central National Bank, B o sto n ,........................................................................
50,000
Massachusetts Loan and Trust Company, B o s t o n ,....................................
50,000
New England National Bank, B o s t o n , ......................................................
107,963
Shoe and Leather National Bank, Boston,......................................................
54,855
Pynchon National Bank, Springfield,...............................................................
25,000


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

11
00
00
64
73
00

No. 8 .]

221

SA V IN G S B A N K COM M ISSION ERS

Franklin Savings Bank — Continued.
Loan on Bank Stock : —
50 shares National Shawmut Bank, B o s t o n , ............................................. $5,000 00

Loans on Railroad Stock, amount on each : —
75 shares New York, New Haven & Hartford R .R.,
.
.
.
.
100 shares Old Colony R . R . , ........................................................................

$10,000 00
11,000 00

Detailed Statement o f Public Funds.
E stim ated
M a rk et V a lu e.

Massachusetts 3ès, .
District of Columbia 6s, .
District of Columbia 7s, .
City of Altoona, Pa., 4s, .
of Belfast, Me., 4s, .
of Boston, Mass., 3ès,
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s, .
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s,
of Detroit, Mich., 4s,
of Fall River, Mass., 6s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s,.
of Laconia, N. H., 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 4s,
of Minneapolis, Minn., 4s,
of Newton, Mass., 4s,
of Northampton, Mass., 4s,
of Providence, R. L, 5s, .
of Rutland, Yt., 4s, .
of Springfield, Mass., 7s, .
of St. Albans, Yt., 4s,
of Waterburv, Conn., 4 s,.
of Woonsocket, R. I., 4s, .
of Youngstown, Ohio, 5s,
Town of Brookline, Mass., 3^s,
of Spencer, Mass., 4s, .


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

A m ou n t In v ested.

f 125,000 $136,875 00 $125,000 00
96,000
99,840 00
96,000 00
8,000
8,345 00
8,000 00
50,000
55,500 00
50,000 00
25,000
27,625 00
25,000 00
30,000
30,300 00
30,000 00
150,000
167,500 00
150,000 00
3,000
3,265 00
3,000 00
2,000
2,130 00
2,000 00
1,000
1,000 00
1,095 00
50,000
55,250 00
50,000 00
40,000
40,000 00*
40,745 00
50,000
56,000 00
50,000 00
4,000
4,000 00
4,540 00
50,000
55,750 00
50,000 00
100,000
114,000 00
100,000 00
50,000
58,250 00
50,000 00
46,500
49,057 50
46,500 00
10,000
10,800 00
10,000 00
50,000
56,000 00
50,000 00
43,000
47,515 00
43,000 00
100,000
106,000 00
100,000 00
1,000
1,100 00
1,000 00
27,000
30,005 00
27,000 00
10,000
11,000 00
10,000 00
22,000
24,200 00
22,000 00
25,000
27,500 00
25,000 00
100,000
110,500 00
100,000 00*
9,000
9,090 00
9,000 00
67,500
67,500 00
67,500 00
80,000
86,800 00
80,000 00
1,425,000 $1,554,077 50 $1,425,000 00

Legal investments when made.

222

[Pub. D oc

R E P O R T O F TH E

Franklin Savings B an k— Continued.
Detailed Statement o f Bank Stocks.
«M 00
®

2
êI

P a r Value.

41 Atlantic Nat’l Bank, Boston, .
200 Atlas National Bank, Boston, .
133 Blackstone N’l Bank, Boston,
93 Boylston Nat’l Bank, Boston, .
200 Colonial Nat’l Bank, Boston, .
41 Eliot National Bank, Boston, .
81 Everett Nat’l Bank, Boston, .
135 First Ward Nat’l B’k, Boston,
106 Fourth National Bank, Boston,
97 Freeman’s Nat’l Bank, Boston,
79 N’l B’k of Commerce, Boston,
200 National City Bank, Boston, .
201 N’l Exchange Bank, Boston, .
355 N’l Shawmut Bank, Boston, .
20 National Union Bank, Boston,
139 Nat’l Webster Bank, Boston, .
200 Old Boston N’l Bank, Boston,.
55 Second National Bank, Boston,
200 Shoe & Leather N’l B’k, Boston,
130 State National Bank, Boston, .
86 Suffolk National Bank, Boston,
84 Naumkeag N’l Bank, Salem, .
50 Third N’l Bank, Springfield, .
100 Massachusetts Loan and Trust
Company, Boston,

$4,100
20,000
7,980
9,300
20,000
4,100
1,296
13,500
10,600
9,700
7,900

E stim ated
M a rk et V alue.

20,100
35,500
2,000
13,900
20,000
5,500
20,000
13,000
8,600
8,400
5,000

$4,715
20,000
3,325
9,672
30,000
5,740
81
20,250
11,660
9,700
8,690
800
28,140
59,640
2,660
13,344
20,000
9,570
24,400
13,910
9,374
10,500
11,250

10,000

11,500 00

-

$270,476

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

A m ou n t In vested.

$4,100
20,000
7,980
9,300
30,000
4,100
1,069
13,500
10,600
9,700
7,900

00
00
00
00
00
00
62
00
00
00
00

-

20,100
53,250
2,000
13,900
20,000
5,500
20,000
13,000
8,600
8,400
5,000

00
00
00
00
00
00
00
00
00
00
00

10,000 00

$338,921 00 $297,999 62

Detailed Statement o f Railroad Bonds.
E stim ated
P a r V alue.

Albany & Susquehanna R.R. 6s,
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R.
4 è s , ..................................
Chic., Burlington & Quincy R.R. 4 s ,.
Concord & Claremont R.R. 4£s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,*
.
.
.
.
Erie & Pittsburgh R.R. 3ès,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4às, .
.
.
.


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

M a rk et Value.

A m ou n t In v ested .

$100,000 $111,500 00 $100,000 00
50,000 00
50,000
53,750 00
107,500 00
100,000 00
100,000
100,000
126,500 00
100,000 00
100,000
200,000
100,000
100,000
50,000
50,000
50,000
56,000

119,000
215,500
107,000
110,000
57,000
52,000
55,750
63,000

00
00
00
00
00
00
00
00

100,000
200,000
100,000
100,000
50,000
50,000
50,000
56,000

00
00
00
00
00
00
00
00

No. 8 .]

S A Y IN G S

223

B A N K CO M M ISSION ERS.

Franklin Savings Bank — Continued.

Detailed Statement o f Railroad Bonds — Concluded.
P a r V alue.

Illinois Central R.R. 3às,.
Maine Central and European &
North American R.R. 4s,
New York & New England R.R.
(terminal) 4s,
. . .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,.
Peterboro’ & Hillsboro’ R.R. 4ès,
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................

E stim ated
M a rk et V alue.

A m ou n t In v ested.

$100,000 $100,000 00 $100,000 00
100,000

113,000 00

100,000 00

50,000

61,000 00

50,000 00

150,000
50,000
75,000
85,000
25,000
50,000

174,000
56,000
83,250
91,800
27,750

00
00
00
00
00

150,000
50,000
75,000
85,000
25,000

66,500 00

00
00
00
00
00

50,000 00

$1,741,000 $1,951,800 00 $1,741,000 00

Boston Terminal Company Bonds.
P a r V alue.

Boston Terminal Company 3£s,

E stim ated
M arket V alue.

$300,000 $345,000 00

A m ou n t In v ested .

$300,000 00

Total Am ount of Loans, with Each Specified Rate o f Interest.
A m ou n t.

R ate.

$322,648 28
50.000 00

2
2è

1 0 0 ,0 0 0 0 0

3
34
3§
3|

25.000 00
1 0 0 ,0 0 0 00

317,500 00

per cent.
“
“
«
«
«

A m ou n t.

$150,000
254,500
1,445,787
470,300
1,215,956

00
00
00
00
78

R ate.

A m ou n t.

R a te.

3§ per cent.
3f
4
“
44
“
4jS

$80,000 00
2,281,597 44

4| per cent.
5
“
54
“
5è
“
6
“

1 0 ,0 0 0 00

80,250 00
25,993 25

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
o th erw ise,........................................................................ ........
.
.
.
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 421
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 766


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

$225,000 00
225.000 00
155.000 00
147,321 59
138,700 00
740,451 25

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

No. 8 .]

225

S A Y IN G S B A N K CO M M ISSIO N ERS.

F R A N K L IN 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, 20.

H . A l l e n , President.
C h a r l e s A l l e n , Treasurer.
F r a n k l in R. A l l e n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o se p h W . S t e v e n s ,
L u c iu s N im s ,
W il l ia m H . A l l e n ,
J o se p h G r i s w o l d ,
H en ry F . N ash .

Open for business every business day, 9

B a l a n c e Sh e e t O c t .

to 3

p .m .

31, 1900.

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

a .m .

$715,000 00
52,309 00
1 1 ,2 0 0 0 0
700,000 00

24.406 17
1,356,853 27
1,531,811 94
177,479
1,985
238,772
2,042
2,854
4,862
3,496

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

$4,510,619 22
225,000 00
41,532 13
45,922 02

23
13
83
65
38
40
37

$4,823,073 37

$4,823,073 37

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston, .
First National Bank, Greenfield, .
.
.
.
Franklin County National Bank, Greenfield,
Berkshire Loan and Trust Company, Pittsfield,.


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

$128,885 75 ,
84,887 08
15.000 00

10.000 00

226

R E P O R T O F TH E

[Pub. D oc

Franklin Savings Institution — Continued.
Loans on Bank Stock, amount on each: —
10 shares
10 shares
50 shares
22 shares
3 shares
60 shares
8 shares

Crocker National Bank, Turner’s Falls,
City National Bank, Worcester, .
.
.
.
Franklin County National Bank, Greenfield,
Shelburne Falls National Bank, Shelburne Falls,
Conway National Bank, Conway,
Home National Bank, Holyoke, .
.
.
.
Packard National Bank, Greenfield, .

$

1,000 00
1,000 00

1,500 00
2,200 00
200 00

5,000 00
300 00

Detailed Statement o f Public Funds.
Estimated
Market 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, 5 s,.
of Detroit, Mich., 4s,
of East Saginaw, Mich., 5s,
of Grand Rapids, Mich., 5s,
of Hartford, Conn., 4s,
of Lawrence, Mass., 6s, .
of Lynn, Mass., 4s, .
of Milwaukee, Wis., 5s, .
of Nashua, N. H., 6s,
of Peoria, 111., 4£s, .
of Peoria, 111., 5s,
of Providence, R. I., 5s, .
of Springfield, Mass., 6 s,.
of Springfield, Mass., 7 s,.
of Springfield, Ohio, 5s, .
of Worcester, Mass., 5s, .
Town of Athol, Mass., 4ès,
of Brattleboro’, Vt., 4s, .
of Chatham, Mass., 4£s,.
of Marblehead, Mass., 4s,


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

$30,000
16,000
23,000
13,000
25,000
48,000
50,000
25,000
25,000
50,000
25,000
20,000
10,000
90,000
75,000
25,000
20,000
25,000
4,000
20,000
35,000
18,000
2,000
2,000
5,000
34,000
$715,000

$33,000
17,120
26,335
13,930
27,625
50,085
57,400
27,750
25,000
56,000
26,500
22,700
10,500
96,385
75,750
26,625
20,050
27,250
4,440
21,700
37,500
19,260
2,040
2,000
5,340
36,950

00
00
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
16,000
23,000
13,000
25,000
48,000
50,000
25,000
25,000
50,000
25,000
20,000
10,000
90,000
75,000
25,000
20,000
25,000
4,000
20,000
35,000
18,000
2,000
2,000
5,000
34,000

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

$769,235 00 $715,000 00

* A legal investment when made.

No. 8 .]

S A V IN G S B A N K COM M ISSION ERS

227

Franklin Savings Institution — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

5
153
83
68
140
25
10
45
40
18

Par Value.

Faneuil Hall N’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Revere Bank, Boston,
National Webster B’k, Boston,
First National B'k, Greenfield,
Franklin County National B’k,
Greenfield, .
.
.
.
Adams N’l B’k, North Adams,
First N’l Bank, Northampton,.
Hampshire County National
Bank, Northampton, .
Pittsfield N’l Bank, Pittsfield,.

$500
15,300
1,909
6,800
14,000

Estimated
Market Value

$620
16,830
415
6,528
21,000

00
00
00
00
00

Amount Invested.

$500
15,300
1,909
6,800
14,000

00
00
00
00
00

2,500
1,000
4,500

2,550 00
1,150 00
5,535 00

2,500 00
1,000 00
4,500 00

4,000
1,800

4,000 00
2,700 00

4,000 00
1,800 00

$52,309

$61,328 00

$52,309 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Chicago & Northwestern R.R. 7s, .
Conn. & Passumpsic Rivers R.R. 4s,
Danbury & Norwalk R.R. 5s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York, New Haven & Hartford
R.R. 4s.............................................
N. Y. & N. E. R.R. (terminal) 4s, .
Old Colony R.R. 4s............................
Sullivan County R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Vermont Valley R.R. 5s, .


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

$50,000
50,000
100,000
25,000
25,000
60,000
100,000

Estimated
Market Value.

$57,500
63,000
139,500
28,750
30,500
68,400
102,250

00
00
00
00
00
00
00

Amount Invested.

$50,000
50,000
100,000
25,000
25,000
60,000
100,000

00
00
00
00
00
00
00

50,000

62,500 00

50,000 00

50,000
50,000
15,000
25,000
50,000
50,000

58,000
59,000
16,575
27,500
51,500
56,500

50,000
50,000
15,000
25,000
50,000
50,000

00
00
00
00
00
00

00
00
00
00
00
00

$700,000 $821,475 00 $700,000 00

228

R E P O R T O F TH E

[Pub. D oc

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

Rate.

Amount.

Rate.

Amount.

Rate.

per cent.
«
3è
“
3|

$630,979 23
340,875 00
883,890 20

4 per cent.
4J
4è

$125,000 00
988,285 14
10,300 00

4| per cent.
5
“

Amount.

$128,885
84,887
75.000
50.000

75
08
00
00

2
2è

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, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 541
Aggregate amount of the same..............................................................................
Total number of loans upon real e s t a t e , ............................................. 582
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of eachsemi-annual dividend f 2 per cent.,
$84,092 8 8 1
during the year ending Oct. 31,1900, .. 1 2 per cent.,
86,554 20 )
Number of accounts opened during the year ending Oct. 31, 1900,
. 940
Number of accounts closed during the year ending Oct. 31, 1900,
. 511
Total number of open accounts Oct. 31, 1900,
.
.
.
.
8,900
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.......................................................................................... 4,777
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e ,.......................................................................................... 4,193
Date of examination by commissioner: September 6 .


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

$24,406 17
26,717 00
45 00
552,702 03
74

68

212,714 90
170,647 08

8,656 16
476,176 82

416,096 61

No. 8 .]

229

S A Y IN G S B A N K CO M M ISSIO N ERS

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

Incorporated May 26, 1868.

Present number of corporators, 47.

C h a r l e s W . C o n a n t , President.
J o h n D. E d g e l l , Treasurer.
Y o l n e y W . H o w e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ch a r l e s W . Conant,
S . W . A. S t e v e n s ,
E u c l id L . B rooks ,
E z r a O sg o od ,
S a m u e l S. G l e a s o n .

Open for business every business day except Saturdays, 9 a .m . to 3 p . m . : Saturdays,
close at 12 m .

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Suspense account,
Revenue stamps,
Cash on hand, .
.
.
.

31, 1900.

L ia b il it ie s .

$115,100
111,810
2,740
340,000
2,023
791,172
428,664
164,900
400
78,702
1,721
1,542
91
311
434

00
00

00
00
65
52
97

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

$1,908,910 15
8 8 ,0 0 0 0 0

24,724 44
17,981 26

00
00
06
92
86

07
83
97

$2,039,615 85

$2,039,615 85

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ........................................................................ $8,226 17
First National Bank, G a r d n e r ,........................................................................
36,721
Packard National Bank, Greenfield,...............................................................
5,000
Northampton National Bank, N o r t h a m p to n ,.............................................
20,000
Springfield National Bank, S p r in g f ie ld ,......................................................
10,475


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

92
00
00
89

230

R E P O R T O F TH E

[Pub. D oc

Gardner Savings B ank— Continued.
Loans on Bank Stock, amount on each: —
10 shares Westminster National Bank, Gardner,
5’shares Westminster National Bank, Gardner,
5 shares Westminster National Bank, Gardner,
12 shares First National Bank, Gardner, .
7 shares First National Bank, Gardner, .

$800
290
400
750
500

00

00
00
00
00

Detailed Statement o f Public Funds.

Par Value.

United States 4s,
. . .
County of Aroostook, Me., 4£s,
City of Chicago, 111., 4s, .
of Cleveland, Ohio, 4s,
of Haverhill, Mass., 4s, .
of New Britain, Conn., 4s,
of Scranton, Pa., 4£s,
Town of Gardner, Mass., 4s, .
of Somersworth, N. H., 4s,

.

$1,100
10,000
10,000
10,000
10,000
11,000
16,000
22,000
25,000
$115,100

Estimated
Market Value.

$1,267
11,200
10,600
10,100
11,300
11,220
18,040
24,090
27,500

75
00
00
00
00
00
00
00
00

Amount Invested.

$1,100
10,000
10,000
10,000
10,000
11,000
16,000
22,000
25,000

00
00
00
00
00
00
00
00
00

$125,317 75 $115,100 00

No. o f
Shares.

1
I

Detailed Statement o f Bank Stocks.

20
18
3
34
10
15
50
5
15
20
10
100
50
16
50
80
5
25
50
30

Par Value.

First N’l Bank, Ashburnham,
Miller’s River N’l B’k, A thol,.
First National Bank, Barre, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Mechanics’ Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston, .
Metropolitan N’l Bank, Boston,
National Bank o f the Commonwealth, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N ’1Hide & Leather B’k, Boston,
National Shawmut 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,


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

$400
1,800
300
1,530
1,000

Estimated
Market Value.

Amount Invested.

$400
1,800
300
1,530
1,000

00
00
00
00
00

5,000
80
1,500
2,000
1,000

$3,150
300
850
1,190
75
7,000
5
1,800
3,260
1,000

00
00
00
00
00
00
00
00
00
00

5,000
80
1,500
2,000
1,000

00
00
00
00
00

10,000
5,000
1,600
5,000
8,000
500
2,500
5,000
3,000

18,900
7,000
2,240
5,350
13,440
700
3,050
5,350
4,500

00
00
00
00
00
00
00
00
00

10,000
5,000
1,600
5,000
8,000
500
2,500
5,000
3,000

00
00
00
00
00
00
00
00
00

—

_

No. 8 .]

231

S A Y IN G S B A N K COM M ISSION ERS

Gardner Savings Bank — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks — Concluded.

10
29
297
9
100
34
39
20
28

Par Value.

Conn. River National Bank,
Charlestown, N. H.,
Rollstone Nat’l B’k, Fitchburg,
First National 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, Worcester,
Mechanics’ N’l B’k, Worcester,

$1,000
2,900
29,700
900
10,000
3,400
3,900
2,000
2,800
$111,810

Estimated
Market Value.

$1,000
4,205
32,670
1,035
16,000
4,930
5,265
3,000
2,800

00
00
00
00
00
00
00
00
00

Amount Invested.

$1,000
2,900
29,700
900
10,000
3,400
3,900
2,000
2,800

00
00
00
00
00
00
00
00
00

$150,065 00 $111,810 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Boston, Revere Beach & Lynn R.R.
4 ¿ s , ...........................................
Chic., Burlington & Quincy R.R. 5s,
Chic., Burlington & Quincy R.R. 7s,
Chicago & Northwestern R.R. 7s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4¿s, .
.
.
.
Grafton & Upton R.R. 4s,
Maine Central R.R. 4s,
Maine Central R.R. 7s,
Maine Shore Line R.R. 6s,
Milwaukee, Lake Shore ¿W estern
R.R. 6 s ,...........................................
New York & New England R.R. 4s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
Old Colony R.R. 4£s,
Penobscot Shore Line R.R. 4s,.
Portland & Rumford Falls R.R. 4 s,.
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5s, .


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

Estimated
Market Value.

Amount Invested.

$5,000
10,000
30,000

$5,150 00
11,450 00
37,950 00

$5,000 00
10,000 00
30,000 00

25,000
35,000
10,000
3,000
54,000
3,000
26,000
5,000
6,000
25,000

29,750
40,250
10,850
3,900
58,255
3,375
25,740
5,275
8,070
34,750

00
00
00
00
00
00
00
00
00
00

25,000
35,000
10,000
3,000
54,000
3,000
26,000
5,000
6,000
25,000

00
00
00
00
00
00
00
00
00
00

10,000
10,000
2,000
25,000
10,000
5,000
15,000
10,000
15,000
1,000

13,950
12,200
2,190
28,312
11,450
5,200
16,200
11,000
16,200
1,040

00
00
00
50
00
00
00
00
00
00

10,000
10,000
2,000
25,000
10,000
5,000
15,000
10,000
15,000
1,000

00
00
00
00
00
00
00
00
00
00

$340,000

$392,507 50

$340,000 00

232

R E P O R T O F TH E

[Pub. D oc.

Gardner Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Bate of Interest.
Amount.

$ 1 0 ,0 0 0 0 0
8,226 17
35,000 00
30,475 89

Kate.

0
2

per cent.
“

3
H

“

Amount.

Kate.

Amount.

Kate.

$244,870 05
35,500 00
146,250 00

4 per cent.
4^
“
4i
«

$910,850 91
5,000 00
40,406 53

5 per cent.
54
“
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 of an amount not exceeding $3,000 each, 887
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 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 9 0 0 , ...............................................................
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.,
$34,333 18 )
during the year ending Oct. 31, 1900,.
.
1 2 per cent.,
35,870 21 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 774
Number of accounts closed during the year ending Oct. 31, 1900,
. 445
Total number of open accounts Oct. 31, 1900,
.
.
.
.
5,352
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of same................................................................................................ 4,380
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900,
.
...............................................................
Number of same................................................................................................ 2,777
Date of examination by commissioner: May 4.


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

$2,023 65
2,450 00
742,768 87
10,352 46
92,699 70
70,203 39

5,625 09
296,460 94

230,518 73

No. 8 .]

233

S A Y IN G S B A N K CO M M ISSION ERS

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

Incorporated May 26, 1868.

Present number of corporators, 58.

S h e r m a n N e l s o n , President.

E d w a r d S . F ic k e t t , Treasurer.

G e o r g e S. W e s t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ol iv e r S. B u t l e r ,
Sh e r m a n N elson,
S a m u e l T. P o o r .

Open for business every business day except Saturdays, 9
Saturdays, 9 a . m . to 12 m .

Ba lan ce Sh eet O ct.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

a .m

.

to 12

m.

; 2,to 3 p . m

.;

31, 1900.

L ia b il it ie s .

$112,362
10,359
5.000
71,337
53,595
415,090
39,423

50
00
00
50
95
51
02

Deposits, .
Guaranty fund,
Interest account,

$724,626 13
32,000 00
3,154 96

14,500 00
22,159 96
2 .0 0 0 00

13,952 65
$759,781 09

$759,781 09

Cash on Deposit in Banks, amount in each: —
Beacon Trust Company, Boston, .
.
.
Georgetown National Bank, Georgetown, .
Second National Bank, Haverhill,

.

$5,000 00
14,159 96
5,000 00

Loan on Bank Stock : —
50 shares Essex National Bank, Haverhill,


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

$5,000 00

[Pub. D oc

R E P O R T O F TH E

234

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

Par Value.

City of Altoona, Pa., 4s, .
of Bath, Me., 6s,
of Bay City, Mich., 8s,
of Boston, Mass., 4s,
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 4s,
of Grand Rapids, Mich., 4s,
of Kansas City, Mo., 4£s,.
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4às,
of New Bedford, Mass., 4s,
of Quincy, Mass., 4s,
of Springfield, Ohio, 5s, .
Town of Methuen, Mass., 4s, .

Estimated
Market Value.

$6,600
2,100
525
5,550
1,090
18,650
6,240
28,125
1,100
11,206
11,825
6,318
5,875
1,035
4,350
11,087

$6,000
2,000
500
5,000
1,000
17,000
6,000
25,000
1,000
11,000
10,000
5,000
5,000
1,000
4,000
10,000

00
00
00
00
00
00
00
00
00
00
00
12
00
00
00
50

Amount Invested.

$6,000
2,000
500
5,000
1,000
17,000
6,000
27,862
1,000
11,000
10,000
5,000
5,000
1,000
4,000
10,000

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

$109,500 $121,176 62 $112,362 50
* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

13
30
10
30
45
20

Par Value.

Columbian Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
State National Bank, Boston, .
Georgetown National Bank,
Georgetown,
First National Bank, Ipswich,


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

Estimated
Market Value.

Amount Invested.

820
3,000

$26
300
200
3,210

00
00
00
00

$39 00
820 00
3,000 00

4,500
2,000

4,500 00
2,000 00

4,500 00
2,000 00

$10,359

$10,236 00

$10,359 00

$39
-

No. 8 .]

235

SA Y IN G S B A N K COM M ISSION ERS

G e o r g e to w n Savings B a n k — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Bennington & Rutland R.R. 4ès,
Chicago & Northwestern R.R. 3és, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central 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,

Estimated
Market Value.

110,000
10,000
4.000
15.000
10.000
10,000
5.000
3.000
3.000

$10,825
10,100
4,450
16,800
11,200
13,400
6,100
3,270
3,570

$70,000

$79,715 00

00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
10,137
4.000
15.000
11,200
10.000
5.000
3.000
3.000

00
50
00
00
00
00
00
00
00

$71,337 50

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

Rate.

Amount.

Rate.

Amount.

3 per cent.
4^
»

$136,785 28
52,356 14

5 per cent.
5k
“

$265,172 11
5,200 00

Amount.

$22,159 96
14,500 00

Rate.

6

per cent.

7

$53,595 95
Value, by books, of real estate, held or owned by foreclosure or otherwise,
85,429 37
Assessed value of the s a m e ,.................................................................................
531 94
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 343
326,482 30
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 366
15,500 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
33,808 85
during year ending Oct. 31, 1900........................................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of eachsemi-annualdividend ( 2 per cent., $13,928 06 1 25,874 93
during the year ending Oct. 31,1900, .
.
i 1|per cent.,
11,946 87 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 123
Number of accounts closed during the year ending Oct. 31, 1900,
. 76
Total number of open accounts Oct. 31, 1900....................................
1,860
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
1,897 94
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
62,863 54
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .......................................................................................... 809
Amount of withdrawals, including dividends, during the year ending
79,312 11
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e ,...........................................................................................1,069
Date of examination by commissioner: May 24.


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

236

R E P O E T OF TH E

[Pub. D oc

G R A F TO N S A V IN G S B A N K — G R A F TO N .

Incorporated March 13, 1869.

Present number of corporators, 53.

A l b e r t L. F is h e r , President.
J o se p h A. D o d g e , Treasurer.
J o se p h A. D o d g e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C l a r e n c e R. P r a t t ,
A l b e r t L . F is h e r ,
F rank E . V

S olon F . S m i t h ,
E dw ar d P . U sh e r,
in t o n .

Open for business every business day except Saturdays, 9
Saturdays, 9 a .m . to 12 m .

B a l a n c e Sh e e t O c t .

A ssets.

Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Deposit in bank, not on interest, .
Expense account,
Bank liquidation account,.
Cash on hand, .
.
.
.

a .m .

to 12

m.

; 1.30 to 4

31, 1900.

L ia b il it ie s .

$23,198
2,280
40,175
2,376
136,448
30,000

67
00
93
24
00

5,000
50
4,664
235
1,842
339

00
00
23
55
25
57

00

$246,610 44

Deposits, .
.
Guaranty fund,
Interest account,
Suspense account,

.
.

$237,325
5,800
3,423
61

76
00
43
25

$246,610 44

Cash on Deposit in Bank: —
Grafton National Bank, G r a f t o n , ............................................................... $4,664 23
Loan on Bank Stock: —
28£>hares Grafton National Bank, Grafton...................................................... $2,280 00


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

p .m . ;

No. 8 .]

237

SA V IN G S B A N K CO M M ISSION ERS.

G ra fto n Savings B a n k — Continued.

No. o f
Shares,

!
j

Detailed Statement o f Bank Stocks.

10
5
5
30
3
55
8
10
20
57
6

Par Value.

Eliot National Bank, Boston, .
Fourth National Bank, Boston,
Manufacturers’ N’l B’k, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston,
National Webster B’k, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Grafton Nat’l Bank, Grafton, .
Spencer Nat’l Bank, Spencer, .

$1,000
500
-

3,000
-

5,500
800
_

2,000
5,700
600
$19,100

Estimated
Market Value.

$1,400
550
15
3,540
12
9,240
768
80
2,140
5,700
900

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

$1,230 00
500 00

$24,345 00

$23,198 67

-

4,150 00
-

8,250 00
800 00
-

2,000 00
5,700 00
568 67

Detailed Statement o f Railroad Bonds.
Par Value.

Chic., Burlington & Quincv R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3ès, .
Portland & Rùmford Falls R.R. 4 s,.

$5,000
10,000
5,000
5,000
15,000
$40,000

Estimated
Market Value.

$5,500
10,350
4,550
5,100
16,500

Amount Invested.

00
00
00
00
00

$42,000 00

$5,575
10,000
4,600
5,000
15,000

00
00
00
00
00

$40,175 00

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

$ 1 0 ,0 0 0 00
42,800 00

Kate.

4i per cent.
4è
“

Amount.

$ 1 0 ,0 0 0 00
63,630 00

Rate.

4| per cent.
5
“

Amount.

$8,300 00
39,048 24

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, 1900,
.
Number of loans which are of an amount not exceeding $3,000 each, 102
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 112
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.


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

Rate.

per cent.
6

$2,376 93
2,300 00
49 14
93,358 24

11,159 58

238

R E PO R T O F TH E

[Pub. D oc

G ra fto n Savings B a n k — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent.,
$4,168 27 )
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
4,290 321
Number of accounts opened during the year ending Oct. 31, 1900,
. 58
Number of accounts closed during the year ending Oct. 31, 1900,
. 58
Total number of open accounts Oct. 31, 1 9 0 0 , .................................... 637
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .......................................................................................... 273
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .......................................................................................... 315
Date of examination by commissioner : April 9.


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

$8,458 59

1,474

88

25,008 16

17,554 98

No. 8 .]

239

SA V IN G S B A N K COM M ISSIONERS

G R A N IT E SA V IN G S B A N K — ROCKPORT.

Incorporated March 21, 1884.

Present number of corporators, 41.

H e n r y H . T h u r s t o n , President.
N a t h a n ie l R ic h a r d s o n , Jr., Treasurer.
N a t h a n ie l R ic h a r d s o n , Jr., Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H e n r y H . T h u r st o n ,
G eorge A . L o w e ,
G eorge G r if f in ,
Jam es A bbott,
H ir a m J . P h il b r o o k .

Open for business every business day, 9 a . m . to 12 m . ; Wednesdays and Saturdays,
2 to 3 p . m . ; Saturdays, 6 to 8 p .m .

B a la n c e Sh e e t O c t.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate 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,
Safe and furniture,
Cash on hand, .
.
.
.

31, 1900.

$44,987
5,400
6,625
250
123,504
13,025

50
00
00
00
00
00

4,500
6,995
783
350
346

00
80
44
00
14

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

$206,766 88

$200,643 59
5,500 00
623 29

$206,766 88

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,...............................................................


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

$6,995 80
783 44

240

R E P O R T O F TH E

[Pub. D oc.

G ran ite Savings B a n k — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Massachusetts 3£s, .
.
.
.
County of Aroostook, Me., 4£s,
City of Bay City, Mich., 4s,
of Bridgeport, Conn., 4 s,.
of Chicopee, Mass., 3£s, .
of Everett, Mass., 4s.,
of Holyoke, Mass., 3£s, .
of Kansas City, Mo., 4 js ,.
of Leominster, Mass., 4 s ,.
of Lynn, Mass., 4s, .
of Lynn, Mass., 5s, .
of Middletown, Conn., 3.65s, .
of Milwaukee, Wis., 5s, .
of Pawtucket, R. I., 4s,
of Quincy, Mass., 3is,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4s,
of Sioux City, Iowa, 4£s,.
of Springfield, Ohio, 5s, .
of Waltham, Mass., 4s, .
of Waterbury, Conn., 4 s ,.
of Woburn, Mass., 4s,
Town of Orange, Mass,, 4s,
of Rockport, Mass., 4s, .
of Swampscott, Mass., 3ès, ,

$2,000
2,000
1,000
1,000
1,000
1,000
3,000
2,000
2,000
1,000
1,000
1,000
1,000
2,000
1,000
3,500
2,000
1,000
1,000
1,000
1,000
3,000
2,000
6,000
2,000
$44,500

$2,110
2,200
1,070
1,105
1,020
1,125
3,075
2,260
2,080
1,115
1,035
1,045
1,115
2,170
1,020
3,727
2,070
1,080
1,070
1,130
1,105
3,150
2,240
6,425
2,110

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

$47,652 00

$2,110
2,000
1,000
1,000
1,000
1,000
3,000
2,000
2,000
1,070
1,000
1,000
1,000
2,000
1,000
3,500
2,000
1,000
1,000
1,025
1,000
3,000
2,000
6,257
2,025

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

$44,987 50

* Legal investments when made.

Detailed Statement o f Bank Stocks.
O $

Par Value.

C «

12
8
10
24

Cape Ann N’l B’k, Gloucester,
Gloucester N’l B’k, Gloucester,
Gloucester Safe Deposit and
Trust Co., Gloucester, .
Rockport N’l Bank, Rockport,


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

Market Value.

Amount Invested.

$1,200
800

$1,680 00
1,080 00

$1,200 00
800 00

1,000
2,400

1,600 00
2,400 00

1,000 00
2,400 00

$5,400

$6,760 00

$5,400 00

N o. 8 .]

241

SA V IN G S B A N K COM M ISSION ERS

Granite Savings Bank — Concluded.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 7s,

Estimated
Market Value.

$3,000
2,000
500
1,000

$3,780
2,060
525
1,335

$6,500

$7,700 00

00
00
00
00

Amount Invested.

$3,025
2,000
500
1,100

00
00
00
00

$6,625 00

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

$1,429 46
2 ,0 0 0 00

Rate.

3 per cent.
H
“

Amount.

$8,066 34
1 1 ,1 0 0 00

Rate.

4 per cent.
5
“

Amount.

$7,750 00
117,679 00

Rate.

5£ per cent.
“

6

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$250 00
Assessed value of the same.....................................................................................
250 00
Number of loans which are of an amount not exceeding $3,000 each, 172
Aggregate amount of the s a m e , ........................................................................
121,899 00
Total number of loans upon real e s t a t e , ............................................. 164
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
10,091 10
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of each semi-annualdividend f 2per cent.,
$3,489 81 1
7,193 77
during the year ending Oct. 31, 1900,.
.
1 2per cent.,
3,703 96 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 133
Number of accounts closed during the year ending Oct. 31, 1900,
. 64
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,064
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
1,012 57
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
47,149 00
Number of s a m e , ..............................................................................................926
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................. ..............................................................
37,862 24
Number of s a m e , ..............................................................................................707
Date of examination by commissioner: August 2.


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

242

R E P O R T O F TH E

[Pub. D oc

G R E A T B A R R IN G T O N S A V IN G S B A N K — G R E A T
B A R R IN G T O N .
Incorporated Feb. 3,1869.

Present number of corporators, 34.

G e o r g e C h u r c h , President.
C h a r l e s J. T a y l o r , Treasurer.
C l a r e n c e R. S a b i n , Clerk o f the Corporation.

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 ,
C h a r l e s J. T a y l o r ,
A l f r e d S. F a s s e t t ,
W m , W . N o r to n ,
¥ i . C. H in m a n .

Open for business every business day, 9 a . m . to 12

m

. ; 1 to 3 p . m .

Balance Sheet Oct . 31, 1900.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. 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, .
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

$30,000
40,104
1,382
134,000
70,000

00
17
93
00

Deposits, .
Guaranty fund,
Interest account,

$795 240 63
28.400 00
11,308 94

00

14,200 00
2,575 0 0
432,237 25
67,484 14
15,000
25,895
977
1,093

00
54
39
15

$834,949 57

$834,949 57

Cash on Deposit in Banks, amount in each : —
National Mahaiwe Bank, Great Barrington,
Pynchon National Bank, Springfield, .
.
.
.
.
Springfield Safe Deposit and Trust Company, Springfield,

$977 39

10,000 00
15,895 54

Loans on Bank Stock, amount on each: —
15 shares National Mahaiwe Bank, Great Barrington,
5 shares National Mahaiwe Bank, Great Barrington,
■5 shares National Mahaiwe Bank, Great Barrington,


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

$600 00
400 00
382 93

No. 8 .]

243

SA Y IN G S B A N K COM M ISSION ERS

Great Barrington Savings Bank — Continued.

Detailed Statement o f Publie Funds.
Estimated
Market Value.

Amount Invested.

$10,000
20,000

$10,300 00
22,000 00

$10,000 00
20,000 00

$30,000

$32,300 00

$30,000 00

Par Value.

City of Bridgeport, Conn., 3£s,
of Chicago, 111., 4s, .

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

10
10
10
25
59
14
54
66
8
41

First National Bank, Adams, .
Atlantic Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B'k of Redemption, Boston,
National Union Bank, Boston,
New England N’l B’ k, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston,
National Mahaiwe Bank, Great
Barrington, .
.
.
.
24 Lee National Bank, Lee, .
1 Pittsfield Nat’l B’k, Pittsfield, .
3 Housatonic N’l B’k, Stockb’dge,

Estimated
Market Value.

Amount Invested.

$1,000
1,000
1,000
2,500
5,900
1,400
5,400
6,600
800

$1,250
1,150
1,240
4,075
6,962
1,862
7,560
8,052
872

00
00
00
00
00
00
00
00
00

$1,280
1,345
1,300
3,392
7,080
1,890
7,290
6,600
800

00
00
00
50
00
00
00
00
00

4,100
2,400
100
300

5,330
3,960
150
435

00
00
00
00

5,125
3,416
135
450

00
67
00
00

$32,500

$42,898 00

$40,104 17

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$30,000
29,000
40,000

$33,100 00
33,015 00
44,637 50

$30,000 00
29,000 00
40,000 00

10,000
25,000

11,500 00
28,125 00

10,000 00
25,000 00

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Fitchburg R.R. 4s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .


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

$134,000

$150,377 50 $134,000 00

244

R E P O E T O F TH E

[Pub. D oc

Great Barrington Savings Bank — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3ès,

$70,000

Estimated
Market Value.

Amount Invested.

$80,500 00

$70,000 00

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

Amount.

$114 14
15,895 54

0

3

per cent.

Amount.

$ 1 0 ,0 0 0 00
467,604 93

Rate.

3£ per cent.
5
“

Amount.

$48,385 25

Rate.

6

per cent.

Amount invested in real estate for banking purposes,.................................... $14,200 00
Estimated value of the s a m e , ........................................................................
14,200
Assessed value of the s a m e ,.................................................................................
8,000
Net income received from same during year ending Oct. 31, 1900,
.
.
443
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,............................................................................................................
2,575
Assessed value of the s a m e ,.................................................................................
2,965
Net income received from same during year ending Oct. 31, 1900,
.
79
Number of loans which are of an amount not exceeding $3,000 each, 256
Aggregate amount of the same...............................................................................
233,084
Total number of loans upon real e s t a t e , ............................................. 250
Amount of investments from which no income is received, .
.
.
.
114
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
35,381
Times for the dividends fixed by the by-laws : first Thursday in January
and July.
Rate and amount of each semi-annual dividend f If per cent., $12,543 77 ? 2 5 371
during the year ending Oct. 31, 1900, .
. I 1| per cent.,
12,827 47 >’
Number of accounts opened during the year ending Oct. 31, 1900,
. 492
Number of accounts closed during the year ending Oct. 31, 1900,
. 333
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,996
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
2,368
Amount of deposits, not including dividends, received during the year
ending Oct 31, 1 9 0 0 ,..........................................................................................
156,370
Number of s a m e ,.......................................................................................... 2,739
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
138,189
Number of s a m e , .......................................................................................... 1,831
Date of examination by commissioner: September 17.


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

00
00
60
00
00
00
32
14
76

94

31
90

39

No. 8 .]

245

SA V IN G S B A N K COM M ISSION ERS

G R E E N F IE L D SA 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, 20.

R o b e r t A b e r c r o m b ie , President.
W i l l i a m G . P a c k a r d , Treasurer.
W i l l i a m G . P a c k a r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W il l ia m A . F o rbe s,
L e v i J. G u n n ,
C h a r l e s R. L o w e l l ,
S e o r e m B. S l a t e ,
W il l ia m G . P a c k a r d .

Open for business every business day, 9

B a l a n c e Sh e e t O c t .

to 3

p .m .

31, 1900.

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,
Boston Terminal Co. bonds,
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,
Interest due,
.
Cash on hand, .
.
.
.

a .m .

$52,000
121,745
4,000
641,000
55,000
1,577,237
337,044

00
00
00
00
00
50
89

8,850
94,776
2,440
174
1,556

00
09
58
07
10

$2,895,824 23

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

$2,777,928 26
110,500 00
7,395 97

$2,895,824 23

Cash on Deposit in Banks, amount in each : —
Athol National Bank, Athol,
.
Miller’s River National Bank, Athol, .
National Bank of Commerce, Boston, .
People’s National Bank, Brattleboro’, Yt.,
Franklin County National Bank, Greenfield,
Packard National Bank, Greenfield, .
Third National Bank, Springfield,


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

$

10,000 00

5.000
14,845
4.000
27,664
27,265

00
99
00
92
18

6.000 00

246

REPORT OF THE

[Pub. D oc.

Greenfield Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
O
o
€£-

5 shares Conway National Bank, Conway,
.
6 shares First National Bank, Greenfield,
.
22 shares Packard National Bank, Greenfield.................................
15 shares Agawam National Bank, Springfield, .
8 shares Conway National Bank, Conway,
.

00

500
1,800
660
640

00
00
00
00

Detailed Statement o f Public Funds.
Par Value.

City of Milwaukee, Wis., 7s, .
of Worcester, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$2,000
50,000

$2,030 00
50,200 00

$2,000 00
50,000 00

$52,000

$52,230 00

$52,000 00

No. o f
Shares.

Detailed Statement o f B ank Stocks.

37
42
38
50
52
6
13
10
20
12
75
34
50
14

Athol National Bank, Athol, .
Eliot National Bank, Boston, .
Merchants1 N’l Bank, Boston,.
Metropolitan N’l Bank, Boston,
N ’l B’k of Redemption, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Second National Bank, Boston,
South End Nat’l Bank, Boston,
Fii'st National Bank, Chicopee,
Conway Nat’l Bank, Conway,.
First Nat’l Bank, Greenfield, .
City National Bank, Holyoke,
Hadley Falls National Bank,
Holyoke,
.
.
.
.
138 Holyoke Nat’l Bank, Holyoke,
60 Adams Nat’l Bank, No. Adams,
12 First N’l Bank, Northampton,
10 Hampshire Co. National Bank,
Northampton,
55 Orange Nat’l Bank, Orange, .
67 Palmer National B’k, Palmer,
22 Shelburne Falls National B’k,
Shelburne Falls, .
75 Chapin N’l Bank, Springfield,
18 Chicopee N’l B’k, Springfield,
45 City Nat’l Bank, Springfield, .
70 First Nat’l Bank, Springfield, .


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

Par Value.

$3,700
4,200
3,800
5,000
5,200

Estimated
Market Value.

Amount Invested.

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

$3,700
4,200
3,800
5,000
5,200

1,300
1,000
2,000
1,200
7,500
3,400
5,000

$3,996
5,880
6,194
5,000
6,136
24
1,391
1,740
1,540
1,620
7,500
5,100
6,000

1,300
1,000
2,000
1,200
7,245
3,400
5,000

00
00
00
00
00
00
00

1,400
13,800
6,000
1,200

1,750
20,010
6,900
1,476

00
00
00
00

1,400
13,800
6,000
1,200

00
00
00
00

-

00
00
00
00
00

_

1,000
5,500
6,700

1,000 00
8,800 00
8,375 00

1,000 00
5,500 00
6,700 00

2,200
7,500
1,800
4,500
7,000

2,750
9,750
2,790
6,480
7,350

2,200
7,500
1,800
4,500
7,000

00
00
00
00
00

00
00
00
00
00

No. 8 .]

247

SA V IN G S B A N K COM M ISSION ERS.

Greenfield Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

36
110
5
50

Par Value.

Second N’l Bank, Springfield,
Third Nat’l Bank, Springfield,
Crocker N’l B’k, Turner’s Falls,
First National B’k, Westfield,

Estimated
Market Value.

|3,600
11,000
500
5,000
$122,000

$4,680
24,750
725
6,500

00
00
00
00

Amount Invested.

$3,600
11,000
500
5,000

00
00
00
00

$166,207 00 $121,745 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3£s,
Dexter & Newport R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4¿s, .
.
.
.
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3£s, .
Newport & Richford R.R. 5s, .
Old Colony R R. 4s, .
N. Y. & New Eng. Terminal 4s,
New York, New Haven & Hartford
R.R. 4s, ...........................................
Penobscot Shore Line R.R 4s,
Portland & Rumford Falls R.R. 4s,.
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
Upper Coos R.R. 4¿s,

$50,000
100,000
10,000
50,000
16,000
50,000
100,000
10,000
50,000
50,000

Estimated
Market Value.

$53,750
102,000
10,650
54,000
18,000
49,500
100,000
11,000
57,250
61,000

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$50,000
100,000
10,000
50,000
16,000
50,000
100,000
10,000
50,000
50,000

00
00
00
00
00
00
00
00*
00
00

25,000
15,000
25,000

29,000 00
16,200 00
27,500 00

25,000 00
15,000 00
25,000 00

40,000
50,000

47,200 00
58,000 00

40,000 00
50,000 00

$641,000 $695,050 00 $641,000 00

*

A legal investment when made.

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3ès,


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

$55,000

Estimated
Market Value.

Amount Invested.

$63,250 00

$55,000 00

248

R E P O R T O F TH E

[Pub. D oc.

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

$14,845 99
69,930 10
10,000 00

Rate.

2 per cent.
2£
“
3£
“

Amount.

$8,850 00
44,622 89
25,000 00

Rate.

4 per cent.
4£
“
4|
“

Amount.

$1,748,239 50
9,450 00
90,970 00

Rate.

5 per cent.
5£
6
“

Number of loans which are of an amount not exceeding $3,000 each, 698
Aggregate amount of the s a m e , ........................................................................ $820,456
Total number of loans upon real e s t a t e , ............................................. 948
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
128,251
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.,
$50,339 93 )
103,041
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
52,702 06 J
Number of accounts opened during the year ending Oct. 31, 1900,
. 759
Number of accounts closed during the year ending Oct. 31, 1900,
. 515
.
.
.
.
6,392
Total number of open accounts Oct. 31, 1900,
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
6,450
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
449,514
Number of same................................................................................................4,652
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
359,763
Number of s a m e , .................................................................................
3,855„
Date of examination by commissioner: April 6 .


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Federal Reserve Bank of St. Louis

50

75
99

97
11

96

No. 8 .]

249

SA Y IN G S B A N K COM M ISSION ERS

H A M P D E N SA V IN G S B A N K - S P R IN G F IE L D .

Incorporated April 13, 1852.

Present number of corporators, 43.

C. L. G a r d n e r , President.
P . S. B a i l e y , Treasurer.
P. S. B a i l e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
F. E. C a r p e n t e r ,
F. H. S t e b b in s ,

C. L . G a r d n e r ,
D w ig h t 0 . G i l m o r e .

Open for business every business day except Saturdays, 9
9 a . m . to 12 M.

B a l a n c e Sh e e t O c t .

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, .
Boston Terminal Co. bonds,
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,
Furniture and fixtures,
Cash on hand, .
.
.
.

a .m .

to 4 p . m . ; Saturdays,

31, 1900.

L ia b il it ie s .

$50,000 00
287,367 00
1 0 ,2 0 0 00

700,000
49,250
283,468
57,970
1,066,795
814,635
85,000
18,139
1,829

00
00
75
05
00
00
00
52
17

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

$3,256,223 58
143,000 00
15,299 60
15,548 29
5,595 50

7 ,0 0 0 00

4,012 48
$3,435,666 97

$3,435,666 97

Cash on Deposit in Banks, amount in each : —

*

o
o
o
cT

Northampton National Bank, Northampton,
Agawam National Bank, Springfield, .
Chapin National Bank, Springfield,
John Hancock National Bank, Springfield,
Pynchon National Bank, Springfield, .
Hampden Loan and Trust Company, Springfield,
Eliot National Bank, Boston,
.
.
.
.
Hampshire County National Bank, Northampton,

12,460
3,829
12,514
10,000
35,000
9,334
10,000

00
00
68
95
00
00*
89
00

The bank has been notified that this deposit, in excess of the legal limit, must he reduced.


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

250

R E P O R T O F TH E

[Pub. Doc

Hampden Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
10
10
24
24

shares Chapin National Bank, S p r in g fie ld ,............................................. $1,000 00
shares First National Bank, S p r i n g f i e l d ,.............................................
1,000 00
shares First National Bank, S p r i n g f i e l d ,............................................. i
shares Agawam National Bank, Springfield,............................................. j
4,000 00
6 shares Second National Bank, S p rin g fie ld ,.............................................
500 00
700 00
13 shares Agawam National Bank, Springfield............................................
5 shares First National Bank, C h icop ee,..................................................
500 00
3 shares Chapin National Bank, S prin gfield ,.............................................
300 00
4 shares Agawam National Bank, Springfield,.............................................
300 00
500 00
5 shares Park National Bank, H o ly o k e ,......................................................
5 shares Chapin National Bank, Springfield....................................................
500 00
10 shares Holyoke National Bank, H o l y o k e , .............................................
700 00
200 00
10 shares Second National Bank, S p rin g fie ld ,.............................................
Loans on Railroad Stock, amount on each : —
10 shares Boston & Albany R . R . , ....................................................................... $1,400 00
2 shares Boston & Albany R . R . , ...............................................................
250 00
154 shares New York, New Haven & Hartford R .R ., .
.
.
.
20,000 00
11 shares New York, New Haven & Hartford R.R., .
.
.
.
1,300 00
12 shares New York, New Haven & Hartford R .R ., .
.
.
.
1,800 00
50 shares New York, New Haven & Hartford R .R ., .
.
.
.
9,000 00*
5 shares New York, New Haven & Hartford R .R ., .
.
.
.
500 00
80 shares Boston & Albany R R . , ...............................................................
15,000 00
EE * The bank has been notified that this loan, in excess of the legal limit, must be corrected.

Detailed Statement o f Public Funds.
Par Value.

City of Providence, R. I., 3s, .

$50,000

Estimated
Market Value.

$50,000 00

Amount Invested.

$50,000 00

No. o f
Shares.

Detailed Statement o f B ank Stocks.

50
28
31
230
75
50
50
75
50
26

Par Value.

Eliot National Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
National Webster B’k, Boston,


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Federal Reserve Bank of St. Louis

$5,000
2,800
3,100
23,000
7,500
5,000
5,000
7,500
5,000
2,600

Estimated
Market Value.

$7,000
5,040
3,100
37,490
8,250
5,900
7,000
8,025
8,400
2,496

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$6,100
2,800
3,100
27,210
10,865
6,700
6,300
7,500
7,500
2,600

00
00
00
00
00
00
00
00
00
00

No. 8 .]

251

SA V IN G S B A N K CO M M ISSION ERS

Hampden Savings Bank — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks — Concluded.
Estimated
Market Value.

Amount Invested.

$5,000
2,400
6,000

$504
5,350
2,616
8,100

00
00
00
00

$544
5,900
2,400
7,920

00
00
00
00

3,300
4,000
20,000
2,000
1,800

3,366
5,000
29,000
2,700
2,214

00
00
00
00
00

3,300
4,732
23,056
2,200
1,800

00
00
00
00
00

6,400
3,000
8,500
2,500
43,300
25,000
5,000
5,000

6,400
3,150
13,600
2,625
21,650
32,500
7,750
5,250

00
00
00
00
00
00
00
00

7,060
4,000
12,285
2,500
47,700
27,500
8,600
6,525

00
00
00
00
00
00
00
00

5,000
6,500
7,400
7,500

5,250
8,255
16,650
7,875

00
00
00
00

6,075
10,985
11,560
10,050

00
00
00
00

Par Value.

Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
First National Bank, Chicopee,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
40 Hadley Falls N’l B’k, Holyoke,
200 Holyoke Nat’l Bank, Holyoke,
20 Monson Nat’l Bank, Monson, .
18 First N’ l Bank, Northampton,
64 Flampshire County National
Bank, Northampton, .
30 First N’l Bank, Norwich, Ct., .
85 Thames N’l B’k, Norwich, Ct.,
25 Uncas N’l Bank, Norwich, Ct.,
433 Agawam N’l B’k, Springfield,
250 Chapin N’l Bank, Springfield,
50 Chicopee N’l B'k, Springfield,
50 First Nat’l Bank, Springfield, .
50 John Hancock National Bank,
Springfield, .
.
.
.
65 Pynchon N’l B’k, Springfield,.
74 Third Nat’l Bank, Springfield,
75 Ware National Bank, Ware, .
63
50
24
60
33

$236,100 $282,506 00 $287,367 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3ès,
Connecticut River R.R. 4s,
Fitchburg R.R. 4s, .
Holyoke & Westfield R.R. 4s, .
Illinois Central R.R. 3 ¿s,.
New York & New England R.R.
(terminal) 4s,
. . .
Old Colony R.R. 4s, .


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

$50,000
50,000
50,000
50,000
50,000
200,000
50,000
50,000
50,000
50,000
50,000

Estimated
Market Value.

$54,000
51,250
53,500
54,500
51,625
232,000
55,750
52,750
50,500

00
00
00
00
00
00
00
00
00

61,000 00
56,000 00

Amount Invested.

$50,000
50,000
50,000
50,000
50,000
200,000
50,000
50,000
50,000

00
00
00
00
00
00
00
00
00

50,000 00
50,000 00

$700,000 $772,875 00 $700,000 00

252

R E P O R T O F TH E

[Pub. D oc.

Hampden Savings Bank — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3ès,

Estimated
Market Value.

Amount Invested.

$250,000 $287,500 00 $283,468 75

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

$ 1 0 ,0 0 0 0 0
75,000 00

Kate.

3£ per cent.
4
“

Amount.

$ 8 8 ,0 0 0 00
335,050 00

Kate.

Amount.

44 per cent.
4i
“

$1,497,830 00
2 0 ,0 0 0 00

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,........................................................................

Rate.

5 per cent.
6

$57,970 05
30,800 00
720 46

Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 314
Aggregate amount of the s a m e , ........................................................................
444,580 00
Total number of loans upon real e s t a t e , ............................................. 353
Amount of investments from which no income is received, .
.
.
.
56,700 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
142,619 59
Times for the dividends fixed by the by-laws : February 15 and August 15.
Rate and amount of each semi-annual dividend f 2 per cent., $59,890 11 1
114,505 28
during the year ending Oct. 31, 1900, .
. 1 1| per cent.,
54,615 17 1
Number of accounts opened during the year ending Oct. 31, 1900,
1,161
Number of accounts closed during the year ending Oct. 31, 1900,
. 839
Total number of open accounts Oct. 31, 1900,
.
.
.
.
6,203
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
9,487 76
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
558,916 22
Number of s a m e ,................................................................................. .......... gjg
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
495,676 18
Number of s a m e , ................................................................................. 4,480
Date of examination by commissioner: May 1 1 .


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Federal Reserve Bank of St. Louis

N o. 8 .]

SA Y IN G S B A N K

253

COM M ISSION ERS

H A V E R H IL L SA V IN G S B A N K — H A V E R H IL L .
Incorporated Feb. 8 , 1828.
E l b r id g e G . W

Present number of corporators, 42.

R a y m o n d N o y e s , Treasurer.
R a y m o n d N o y e s , Clerk o f the Corporation.

ood,

President.

Names of committee charged with the investment of its funds:
R. S t u a r t C h a s e ,

E l b r i d g e G. W
D udley P orter.

o od ,

Open for business every business day except Saturdays, 9 a . m . to 2
9 a .m . to 12.30

B alan ce Sh ee t O c t.

; Saturdays,

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Loans on railroad stock, .
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Expense account,
Real estate expense account,
Insurance and taxes paid, .
Cash on hand, .
.
.
.

p .m .

p .m .

$644,000 00
2 0 ,0 0 0 0 0

375,570
43,583
1,132,000
30.000
154,500

00
29
00
00
00

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

$5,569,404 45
280,000 00
6,448 41
56,770 39
423 20
320 61

60.000 00
23,081 57
1,264,725 00
1,786,466 00
1 1 1 ,0 0 0 00

257,771 13
18 25
2 0 00

1,602 82
9,029 00
$5,913,367 06

$5,913,367 06

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
First National Bank, H averhill,....................................
Haverhill National Bank, Haverhill, .
.
.
.
Haverhill Safe Deposit and Trust Company, Haverhill,
Merchants’ National Bank, Haverhill,
Merrimack National Bank, Haverhill,
This deposit, in excess of the legal limit, has since been reduced.


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

$36,716 80
2 0 ,0 0 0 00

81,054 33
2 2 ,0 0 0 0 0

33,000
65,000

00*
00

254

R E P O R T O F TH E

[Pub. D oc

H a v e r h i l l S a v in g s B a n k — Continued.
Loan on Public Funds : —
$ 2 0 ,0 0 0

$20,000 Massachusetts 3 £ s , ........................................................................

00

Loans on Bank Stock, amount on each: —
o
o
of

25 shares
25 shares
24 shares
100 shares
100 shares
10 shares
10 shares
30 shares
50 shares
10 shares
10 shares
60 shares
5 shares
25 shares
9 shares
5 shares
5 shares
10 shares

Amesbury National Bank, Amesbury,
.
.
.
.
Beacon Trust Company, B o s t o n , ....................................
Beacon Trust Company, B o s t o n , ....................................
Broadway National Bank, B o s t o n ,....................................
Essex National Bank, H a v e r h i l l , ....................................
Second National Bank, H a v e r h i l l ,....................................
Second National Bank, H a v e r h i l l ,....................................
Second National Bank, Haverhill,
. . . . . .
Haverhill Safe Deposit and Trust Company, Haverhill, .
Second National Bank, H a v e r h i l l ,....................................
Merrimack National Bank, Haverhill,
.
.
.
.
Haverhill Safe Deposit and Trust Company, Haverhill, .
Merchants’ National Bank, Haverhill,
.
Somerville National Bank, Somerville,
.
National Bank of the Republic, Boston, .
.
.
.
Merrimack National Bank, Haverhill,
.
Second National Bank, H a v e r h i l l ,....................................
First National Bank, Lewiston, M e .,....................................

00

2 ,0 0 0 00

1,500 0 0
8,783 29
1 0 ,0 0 0 00
1 ,0 0 0 0 0
1 ,0 0 0 0 0

3,000

00

4,000

00

5,300

00

4,000

00

1 ,0 0 0 00

Loans on Railroad Bonds, amount on each: —
$25,000 Boston & Maine R.R. 4 £ s , ......................................................
5,000 Boston & Maine R.R. 4 s , ......................................................

$25,000
5,000

00

$4,500
50,000
25,000

00

50,000

00

25,000

00

00

Loans on Railroad Stock, amount on each: —
shares
358 shares
190 shares
150 shares
140 shares
100 shares
42 shares
66

Boston & Maine R . R . , ......................................................
Boston & Maine R .R ..................................................................
Boston & Maine R . R . , ......................................................
Connecticut River R . R . , ......................................................
Boston & Maine R . R . , ......................................................
Connecticut River R . R . , ......................................................
Boston & Maine R . R . , .......................................................

00
00

Detailed Statement o f Public Funds.
Par Value.

City of
of
of
of
of
of
of
of
of

Bay City, Mich., 4s,
Boston, Mass., 4s,
Chicago, Ili., 4s, .
Cleveland, Ohio, 5s,
Danbury, Conn., 4s,
Dayton, Ohio, 4s,.
Des Moines, Iowa, 4s, .
Detroit, Mich., 4s,
Fall River, Mass., 5s, .


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Federal Reserve Bank of St. Louis

*

$20,000
75,000
100,000
25,000
25,000
25,000
19,000
50,000
20,000

Estimated
Market Value.

$22,050
84,000
111,000
27,250
27.500
25,625
19,000
55,750
22,300

A legal investment when made.

00
00
00
00
00
00
00
00
00

Amount Invested.

$20,000
75,000
100,000
25,000
25,000
25,000
19,000
50,000
20,000

00
00
00
00
00
00*
00
00
00

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS

255

Haverhill Savings Bank — Continued.
Detailed Statement of Publie Funds — Concluded.

Par Value.

City of Fall River, Mass., 6s, .
of Haverhill, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 5s, .
of Manchester, N. H., 4 s,.
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
of Newton, Mass., 4s,
of Pawtucket, R. I., 4s, .
of Wilkes-Barre, Pa., 3£s,
Town of Bradford, Mass., 4s, .
of Bradford, Mass., 4£s,

Estimated
Market Value.

$1,115

00
1 0 ,2 0 0 0 0
62,985 0 0

? 1 ,0 0 0
1 0 ,0 0 0

$ 1 ,0 0 0 0 0
1 0 ,0 0 0 0 0

57,000
5,000
70,000

5,318 75
76,550 0 0

57,000 00
5,000 00
70,000 00

1 0 ,0 0 0
1 0 ,0 0 0

1 1 ,1 0 0 0 0
10,500 0 0

1 0 ,0 0 0 0 0
1 0 ,0 0 0 0 0

45,000
25,000
21,500
25,000
5,500

49,162 50
26,187 50
22,370 0 0
26,187 50
5,830 0 0

45,000
25,000
21,500
25,000
5,500

$644,000 $701,981 25

*

Amount Invested.

00
00*
00
00
00

$644,000 00

A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

16
200
136
50
100
50
100
50
187
100
50
254
225
150
150
200
500
33
150
75
100
100
150
30

Par Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blaekstone N’l Bank, Boston, .
Central National Bank, Boston,
Colonial Nat’ l Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
First National Bank, Boston, .
Fourth National Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’ k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’ l Hide & Leather B’k, Boston,
Nat’ l Shawmut Bank, Boston,.
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Shoe& Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
First National Bank, Chelsea,.


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

$1,600
20,000
6,120
5,000
10,000
5,000
10,000
5,000
18,700
-

5,000
25,400
22,500
-

15,000
20,000
50,000
3,300
-

7,500
10,000
10,000
15,000
3,000

Estimated
Market Value.

$2,000
20,000
3,400
5,950
15,000
7,000
12,400
9,000
20,570
300
8,150
29,972
31,500
600
21,000
21,400
84,000
3,168
1,200
9,150
10,700
10,900
14,550
3,150

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.

$1,600
20,000
6,120
5,000
14,000
5,000
10,000
5,000
18,700

00
00
00
00
00
00
00
00
00

-

5,000 00
25,400 00
22,500 00
-

15,000
20,000
72,600
3,300

00
00
00
00

-

7,500
10,000
10,000
15,000
3,000

00
00
00
00
00

256

K E PO R T O F TH E

[Pub. Doc

Haverhill Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

96
375
300
50

Par Value.

First Nat’l Bank, Haverhill, .
Haverhill N’l Bank, Haverhill,
Merrimack N’l B’k, Haverhill,
Bay State N’l Bank, Lawrence,

$9,600
37,500
30,000
3,750
$348,970

Estimated
Market Value.

$14,400
56,250
45,000
5,750

00
00
00
00

Amount Invested.

$9,600
37,500
30,000
3,750

00
00
00
00

$466,460 00 $375,570 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4ès,
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R.R. 4s, .
Erie & Pittsburgh R.R. 3^s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s, .
Illinois Central R.R. 4s, .
Maine Central R.R, 4s,
Maine Central R.R. 4£s, .
Minnesota & Iowa R.R. 3£s, .
New York & New England R.R.
(terminal) 4s,
. . .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Worcester, Nashua & Roch. R.R. 4s,

$64,000
133,000
150,000
50,000
75,000
15,000
10,000
125,000
75,000
30,000
80,000
50,000
50,000
25,000
50,000
100,000
20,000
30,000

Estimated
Market Value.

$67,560
167,580
165,000
55,000
82,500
16,725
10,200
132,031
75,750
33,450
84,900
55,500
50,500

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

30,500 00
57,750
112,437
21,800
31,950

00
50
00
00

Amount Invested.

$64,000
133,000
150,000
50,000
75,000
15,000
10,000
125,000
75,000
30,000
80,000
50,000
50,000

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

25,000 00
50,000
100,000
20,000
30,000

00
00
00
00

$1,132,000 $1,251,133 75 $1,132,000 00

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

$117,771
140,000
25.000
60.000
50,000
88,783

Kate.

13
00
00
00

00
29

2 s| per cent.
3
“
3%
“
3Ì
3ft
»
3d
“


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

Amount.

$50,000
350,000
25.000
680,500
95.000

Kate.

00
00
00
00
00

3| per cent.
3f
H
“
4
«
4|
“

Amount.

$519,666
66,400
1,274,750
34,100
91,075

Rate.

00
00
00
00
00

4^ per cent.
4f
5
“
5^
6
»

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

257

Haverhill Savings Bank — 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 ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 527
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 590
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 1| per cent., $93,705 38 1
during the year ending Oct. 31, 1900, .
.
1 1| per cent.,
94,015 70 1
Number of accounts opened during the year ending Oct. 31, 1900,
1,552
Number of accounts closed during the year ending Oct. 31, 1900,
1,491
Total number of open accounts Oct. 31, 1900,
.
.
.
.
15,127
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 0 ,..........................................................................................
Number of s a m e ,................................................................................. 11,503
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , ................................................................................. 12,329
Date of examination by commissioner: November 15.


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

$60,000 00
60,000 00
40,250 00
23,081 57
20,150 00
362 52
681,425 00
18,783 29
247,833 75

187,721 08

8,810 38
649,243 00

801,188 62

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

No. 8 .]

259

SA V IN G S B A N K CO M M ISSION ERS.

Haydenville Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

25
46
33
43
50
25
25
42
40
9
10
10
25

Par Value.

First Nat’l Bank, Amherst,
Conway Nat’l Bank, Conway,.
Danbury N ’l B’k, Danbury, Ct.,
First N’l Bank, Easthampton,.
City National Bank, H olyoke,.
Home Nat’l Bank, Holyoke, .
Park National Bank, Holyoke,
First N’l Bank, Northampton,
Hampshire County Nat’l Bank,
Northampton,
Northampton National Bank,
Northampton,
Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield, .
John Hancock National Bank,
Springfield, .
.
.
.

$2,500
4,600
3,300
4,300
5,000
2,500
2,500
4,200

Estimated
Market Value.

$3,750
4,600
3,630
2,150
6,000
2,875
3,750
5,166

00
00
00
00
00
00
00
00

Amount Invested.

$3,750
5,380
5,500
5,290
5,625
2,500
3,750
6,300

00
00
00
00
00
00
00
00

4,000

4,000 00

5,000 00

900
1,000
1,000

1,800 00
1,550 00
1,050 00

2,100 00
1,700 00
1,450 00

2,500

2,625 00

3,439 87

$38,300

$42,946 00

$51,784 87

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$10,000
4,000

$10,300 00
4,250 00

$10,270 00
4,000 00

$14,000

$14,550 00

$14,270 00

Par Value.

Illinois Central R.R. 3£s,.
Maine Central R.R. 4s,

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,


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

$35,000

Estimated
Market Value.

Amount Invested.

$40,250 00

$39,775 00

260

R E P O R T O F TH E

[Pub. Doc

H a y d e n v ille Savings B a n k — Concluded.
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.

$2,808 23
4,000 00

Kate.

3 per cent.
4
“

Amount.

Rate.

Amount.

$120,609 56
53,092 00

5 per cent.
5£

$139,518 36

Kate.

6 per cent.

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$ 6 ,8 8 8 39
Assessed value of the s a m e ,.................................................................................
5,950 00
Number of loans which are of an amount not exceeding $3,000 each, 428
Aggregate amount of the s a m e , ........................................................................
239,766 58
Total number of loans upon real estate,
.
.
.
.
.
.
285
Amount of investments from which no income is received, .
.
.
.
2,860 36
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
18,582 00
Times for the dividends fixed by the by-laws : second Tuesday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $7,401 10 1
14,251 20
during the year ending Oct. 31, 1900,.
.1 1| per cent.,
6,850 10 I
Number of accounts opened during the year ending Oct. 31, 1900,
. 182
Number of accounts closed daring the year ending Oct. 31, 1900,
. 112
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,257
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
1,929 05
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
90,018 65
Number of s a m e , .......................................................................................... 1,239
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
73,215 73
Number of s a m e ,..............................................................................................919
Date of examination by commissioner: March 27.


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

No. 8 .]

SA Y IN G S B A N K C O M M ISSION ERS.

261

H IN G H A M IN S T IT U T IO N FOR S A V IN G S — H IN G H A M .

Incorporated April 2, 1834.

Present number of corporators, 52.

E nos L o ring , President.
H o w a r d P. H e r s e t , Treasurer.
H o w ard P. H e r s e t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E nos L o r in g ,
E dmund H e r s e t , 2d ,

F rancis H . L in co l n ,
W m . F e a r in g , 2 d .

Open for business every business day except Saturdays, 8
Saturdays, 8 a . m . to 12 m .

a

.m .

to 12

m.

; 1 to 4

p .m.

;

Balance Sheet Oct . 31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. 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, .
Deposits in banks, not on interest,
Expense account,
Lawrence Duck Co. stock,*
Cash on hand, .
.
.
.


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

$54,640
42,270
1,700
208,090
114,000

00
00
00
00
00

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

$2,438,210 14
122,105 00
72,404 89
259 25

2 ,0 0 0 00

50,410 05
1,370,110 26
689,552 64
44.000
28,121
5,806
4,135
17.000
1,143

00
78
00
51
00
04

$2,632,979 28

* Taken to secure indebtedness.

$2,632,979 28

R E P O R T O F TH E

262

‘ Pub. D oc.

H in gh a m In s titu tio n fo r Savin gs — Continued.
Cash on Deposit in Banks, amount in each: —
National Webster Bank, Boston,.
Shoe and Leather National Bank, Boston,
Hingham National Bank, Hingham, .

,

.

$2,806 0 0
11,421 99
19,699 79

.

Loan on Bank Stock : —
25 shares Fourth National Bank, Boston,

$1,700 00

•

Detailed Statement o f Public Funds.
Par Value.

City of Kansas City, Mo., 4ès,.
of Lynn, Mass., 4s, .
of Medford, Mass., 4s,
of Quincy, Mass., 3£s,
Town of Belmont, Mass., 3is, .
of Melrose, Mass., 4s, .

Estimated
Market Value.

$15,000
10,000
5,000
10,000
10,000
3,000

$17,100
10,700
5,275
10,131
10,407
3,165

00
00
00
25
50
00

$53,000

$56,778 75

Amount Invested.

$15,000
10,700
5,275
10,000
10,500
3,165

00
00
00
00
00
00

$54,640 00

Detailed Statement o f Bank Stocks.
«

° 2
'A

Estimated
Market Value.

w

75
8
24
75
54
40
12
35
50
20
23
89
14

Atlas National Bank, Boston, .
First National Bank, Boston, .
N’l Bank of Commerce, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Shoe & Leather N’l B’k, Boston,
Tremont Nat’l Bank, Boston, .
Brockton N’l Bank, Brockton,
First National Bank, Chelsea,.
Hingham N’l Bank. Hingham,
Union Nat’l Bank, Weymouth,


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

$7,500
800
2,400
7,500
-

4,000
1,200
3,500
2,500
2,000
2,300
8,900
1,400
$44,000

$7,500
1,440
2,640
10,500
216
3,840
1,680
4,270
500
2,280
2,415
9,078
1,190

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

$47,549 00

Amount 111Vtîsted.

$7,500
800
2,400
7,500
270
4,000
1,200
3,500
500
2,000
2,300
8,900
1,400

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

$42,270 00

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

263

H in g h a m In stitu tio n fo r S avings — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3is,
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3is,
Fitchburg R.R. 4s, .
Illinois Central R.R. S is ,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Minnesota & Iowa R.R. 3is,
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
Upper Coos R.R. 4is,

$10,000
30,000
6,000
5,000
25,000
25,000
25,000
10,000
25,000
25,000
15,000

Estimated
Market Value.

$10,700
30,750
6,840
5,100
27,875
25,000
27,775
10,550
25,500

Amount Invested.

00
00
00
00
00
00
00
00
00

$10,000
30,000
6,000
5,000
25,000
25,000
27,750
10,000
25,340

00
00
00
00
00
00
00
00
00

29,000 00
15,000 00

29,500 00
17,400 00

$201,000 $216,990 00 $208,090 00

Boston Terminal Company Bonds.
Par Value.

Estimated
Market Value.

Amount Invested.

$100,000 $115,000 00 $114,000 00

Boston Terminal Company 3is,

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

Rate.

Amount.

$28,121
13,152
16,000
542,855

78
95
00
00

2 per cent.
3i
“
3|
4
“

Rate.

Amount.

$92,000
416,350
75,000
806,562

00
00
00
26

41 per cent.
4i
“
4|
5
“

Amount.

$55,724 00
80,763 69
6,955 00

Rate.

5 i per cent.
6
“
7

Amount invested in real estate for banking purposes.......................................
Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or

$2,000 00
3,000 00
2,500 00

otherwise..................................................................................................................
Assessed value of the s a m e ,........................................................................
Number of loans which are of an amount not exceeding $3,000 each, 354
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 490

50,410 05
56,520 00


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

444,091 00

264

R E P O R T O F TH E

[Pub. D oc.

H in gh a m In stitu tio n fo r Savin gs — 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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : first Tuesday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
$47,658 26 1
during the year ending Oct. 31, 1900,.
. 1 2 per cent.,
47,670 14 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 441
Number of accounts closed during the year ending Oct. 31, 1900,
. 394
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,874
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
...............................................................

$44,622 95
117,415 59

95,328 40

5,538 67

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,........................................................................
Number of s a m e , ................................................................................. .......... 9 27

198,560 32

Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ................................................................................. .......... 718
Date of examination by commissioner: September 4 .

285,703 44


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

No. 8 .]

S A Y IN G S B A N K

CO M M ISSION ERS.

265*

H O L L IS T O N S A V IN G S B A N K — H O L L IS T O N .
Incorporated Feb. 27, 1872.
G

eorge

A. B

artlett

O

,

Present number of corporators, 52.

President.

r r in

T

O

h om son

,

T

r r in

h om son

,

Treasurer.

Clerk of the Corporation.

Names of committee charged with the investment of its funds:
G

eorge

U

r ie l

A. B

artlett

,

W

Cutler,

il l ia m

Joseph
Jam es

H.

L

eland

Dan

H.

D

ie l s

,

e w in g

,

.

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

m

.

; 1.30 to 3.30

Balance Sheet Oct , 31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
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,
Tax account,
.
.
.
.
Holliston Water Co. bonds,*
Notes receivable,*
Furniture and safe, .
Cash on hand, .
.
.
.

$14,500 00
21,887 50
1,600 00
23,000 00
5,500
11,998
215,009
29,407

00
00
00
00

33,280
20,941
7,892
481
4,000
285
258
4,881

00
72
42
12
00
00
22
06

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

$394,921 04

$347,996 50
17,400 00
17,065 70
12,458 84

$394,921 04

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
Central National Bank, Boston............................................................................ ............
55
National Bank of the Commonwealth, B o s to n ,.............................................
11,663 17
Framingham National Bank, South F r a m in g h a m ,....................................
7,892 42
Loan on Bank Stock : —
35 shares Central National Bank, Boston......................................................................


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Federal Reserve Bank of St. Louis

00*

R E P O R T O F TH E

266

[Pub. Doc.

H o llis to n Savin gs B an k — Continued.
Detailed Statement o f Public Funds.

Par Value.

New Hampshh'e 6s, .
County of Middlesex, Mass., 4s,
City of Lewiston, Me., 6s,
of Milwaukee, YVis., 5s, .
of Quincy, Mass., 3£s,
of Quincy, Mass., 4s,
of Salem, Mass., 4 s,.
Town of Wayland, Mass., 4s, .

$2,500
1,000
2,000
4,000
2,000
1,000
1,000
1,000
$14,500

Estimated
Market Value.

$2,625
1,010
2,050
4,420
2,000
1,007
1,000
1,010

00
00
00
00
00
50
00
00

$15,122 50

Amount Invested.

$2,500
1,000
2,000
4,000
2,000
1,000
1,000
1,000

00
00
00
00
00
00
00
00

$14,500 00

Detailed Statement o f Bank Stocks.
Vi

^

o o

$m
5
34
25
24
30
30
60
15
20
24

Blackstone Nat’l Bank, Boston,
Nat’l Bank of the Commonwealth, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Home Nat’l Bank, Brockton, .
Franklin Nat’l Bank, Franklin,
Holliston Nat’l Bank, Holliston,
People’s N’l B’k, Marlborough,
Blue Hill Nat’ l Bank, Milton,
Framingham National Bank,
South Framingham,

Par Value.

Estimated
Market Value.

$225

$125 00

$225 00

3,400
2,500
2,400
3,000
3,000
1,500
1,500
2,000

6,426
3,050
2,568
5,250
3,510
600
1,725
2,360

3,400
2,462
2,400
3,000
3,000
1,500
1,500
2,000

2,400

3,696 00

2,400 00

$21,925

$29,310 00

$21,887 50

00
00
00
00
00
00
00
00

Amount Invested.

00
50
00
00
00
00
00
00

Detailed Statement o f Bailroad Bonds.

Fitchburg R.R 5s, .
.
.
.
Maine Central R.R. 4s, .
New York & New England R.R. 6s,


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

Par Value.

Estimated
Market Value.

$9,000
4,000
10,000

$9,255 00
4,220 00
10,950 00

$9,000 00
4,000 00
10,000 00

$23,000

$24,425 00

$23,000 00

'

Amount Invested.

N o. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

267

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

$7,967 00
20,941 72
19,000 00

Rate.

per cent.
“
34
“
0
2

Amount.

$ 2 ,0 0 0 00
12,280 0 0
74,550 00

Rate.

3| per cent.
4
“
5

Amount.

$21,350 00
142,434 00

Rate.

54 per cent.
6

“

Amount invested in real estate for banking purposes,....................................
$5,500 00
Estimated value of the s a m e , ........................................................................
6.300 00
Assessed value of the s a m e ,.................................................................................
6.300 00
Net income received from same during year ending Oct. 31, 1900,
188 71
Value, by books, of other real estate, held or owned by foreclosure or
oth erw ise,............................................................................................................
11,998 00
Assessed value of the s a m e ,.................................................................................
15,915 00
Number of loans which are of an amount not exceeding $3,000 each, 325
Aggregate amount of the same..............................................................................
233,514 00
Total number of loans upon real e s t a t e , ............................................. 267
Amount of investments from which no income is received,
9,692 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
18,725 00
Times for the dividends fixed by the by-laws: first Tuesday in June and
December.
Rate and amount of each semi-annual dividend f 2 per cent., $6,910 29 )
13,663 80
during the year ending Oct. 31, 1900,
.
1 2 per cent.,
6,753 51 >
Number of accounts opened during the year ending Oct. 31, 1900,
. 137
Number of accounts closed during the year ending Oct. 31, 1900,
. 134
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,076
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
2,156 26
Amount of deposits, not including dividends, received during the yearending Oct. 31, 1 9 0 0 ,..........................................................................................
63,853 98
Number of same.............................................................................................. 7 7 6
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
84,884 44
Number of s a m e ,................................................................................. 1 ,0 0 0
Date of examination by commissioner: April 10.


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Federal Reserve Bank of St. Louis

268

[Pub. Doc,

R E PO R T O F TH E

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, 74.

G e o r g e W . P r e n t is s , President.
C. TV. J o h n so n , Treasurer~
A. G. M a g n a , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G e o r g e W . P r e n t is s ,
W il l ia m W h it in g ,

R o ber t R u ssell,
TV. S. P e r k i n s .

Open for business every business day except Saturdays, 9 a m . to 4
7 to 8 p . m . ; Saturdays, 9 a .m . to 12 m .

B

alance

Sh

eet

O

ct

. 31,

.m .

; Thursdays,.

1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate 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, .
Expense account,
Premium account,
Furniture and fixtures,
Cash on hand, .
.
.
.

p

$737,200 00
600 00
267,148 00
6,000 00
827,000 00
27,500 00
1,639,325 00
331,985 00
151,366
600
222,311
2,836
36,700
5,000
68,958

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

$4,084,455 22'
161,000 00
76,510 40'
2,565 45-

67
00
31
75
00
00
34

$4,324,531 07

$4,324,531 07

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston, .
City National Bank, H o l y o k e ,....................................
Holyoke National Bank, Holyoke..................................
Home National Bank, H olyoke,....................................
Northampton National Bank, Northampton,
Hampshire County National Bank, Northampton,
First National Bank, Northampton................................
Springfield Safe Deposit and Trust Company, Springfield,
Ware National Bank, W a r e , .............................................


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

This deposit has since been reduced within the legal limit.

$48,782 11
20,621 82
80,506 48*
10,000 OO
10,117 00

10,000 00
10,000 00
17,283 90
15,000 OO

N o. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

269

Holyoke Savings Bank — Continued.
Loan on Public Funds: —
$600 United States 4 s , ..........................................................................................

$600 00

Loans on Bank Stock, amount on each: —
27 shares Holyoke National Bank, H o l y o k e ,............................................. $2,500 00
10 shares City National Bank, H o ly o k e ,......................................................
500 00
40 shares Springfield Safe Deposit and Trust Company, Springfield,

Detailed Statement o f Public Funds.
Par Value.

County of Bristol, Mass., 4s, .
of Middlesex, Mass., 4s,
of Windham, Conn., 3£s,
City of Akron, Ohio, ,5s, .
of Auburn, Me., 5s, .
of Bangor, Me., 6s, .
of Bay City, Mich., 5s,
of Bay City, Mich., 8s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Canton, Ohio, 4 s ,.
of Cleveland, Ohio, 5s,
of Detroit, Mich., 6s,
of Detroit, Mich , 7s,
of East Saginaw, Mich., 5s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
o f Fort Wayne, lnd., 4£s,
of Grand Rapids, Mich., 5s,
o f Holyoke, Mass., 4s,
o f Kansas City, Mo., 4£s,.
o f Laconia, N. IT., 4s,
of Lewiston, Me., 5s,
of Lewiston, Me., 6s,
of Middletown, Conn., 4s,
o f Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4^s,
o f Minneapolis, Minn., 5s,
of Minneapolis, Minn., 7s,
o f Minneapolis, Minn., 8s,
o f New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of Newton, Mass., 6s,
of Northampton, Mass., 4s,
of Portland, Me., 6s,
of Quincy, Mass , 3£s,
of Rochester, N. Y., 7s, .
of Rockford, 111., 4£s,
of Saginaw, Mich., 3£s, .


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

$40,000
10,000
15,000
21,000
6,000
1,000
52,000
1,500
2,000
16,000
15,000
27,000
4,000
11,000
8,000
25,000
5,000
7,000
22,000
2,000
2,000
25,000
5,000
2,000
2,000
10,000
63,000
25,000
18,000
7,000
5,000
6,000
5,000
1,000
22,500
14,000
7,000
4,000
17,500
7,400

Estimated
Market Value.

$40,400
10,850
15,025
21,600
6,300
1,100
55,100
1,920
2,175
17,100
15,500
29,200
4,500
12,300
8,200
26,000
5,600
7,750
24,500
2,075
2,100
27,000
5,300
2,400
2,010
10,750
67,250
27,500
18,025
7,175
5,800
6,750
5,125
1,100
22,650
16,275
7,000
4,250
18,700
7,400

* A legal investment 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
00
00
00
00
00
00
00
00

Amount Invested.

$40,000
10,000
15,000
21,000
6,000
1,000
52,000
1,500
2,000
16,000
15,000
27,000
4,000
11,000
8,000
25,000
5,000
7,000
22,000
2,000
2,000
25,000
5,000
2,000
2,000
10,000
63,000
25,000
18,000
7,000
5,000
6,000
5,000
1,000
22,500
14,000
7,000
4,000
17,500
7,400

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

270

REPORT

O F TH E

[Pub. Doc..

Holyoke Savings Bank — Continued
Detailed Statement o f Public Funds

—

Concluded.

Estimated
Market Value.

City of Saginaw, Mich., 4s,
of Saginaw, Mich., 4^s, .
of Saginaw, Mich., 5s,
of Salem, Mass., 4s, .
of Springfield, Ohio, 5s, .
of St. Louis, Mo., 6s,
of Terre Haute, Ind., 6s, .
of Youngstown, Ohio, 5s,
of Youngstown, Ohio, 6s,
Town of Exeter, N. H., 4s,
of Monson, Mass., 4s,
of Wellesley, Mass., 4s,
of Winthrop, Mass., 5 s ,.

$37,000
39,000
9,800
7,000
21,000
39,000
12,500
17,000
5,000
2,000
4,000
4,000
1,000
$737,200

$38,500
43,250
10,275
7,075
22,750
43,350
13,250
17,175
5,300
2,100
4,075
4,060
1,050

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

$783,965 00

$37,000
39,000
9,800
7,000
21,000
39,000
12,500
17,000
5,000
2,000
4,000
4,000
1,000

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

$737,200 00

Detailed Statement o f Bank Stocks.
O a>

Estimated
Market Value.

£m
22
20
50
20
54
38
42
37
5
48
2
1
38
246
400
71
17
25
5
90
37
50

First National Bank, Adams, .
Greylock Nat’l Bank, Adams,.
First National Bank, Amherst,
Miller’s River N’l B‘k, A thol,.
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, H olyoke,.
Hadley Falls N’l B’k, Holyoke,
Holyoke N’l Bank, Holyoke, .
Home Nat’l Bank, Holyoke, .
Railroad N'at’l Bank, Lowell, .
Monson Nat’l Bank, Monson, .
First Nat’l B’k, Newbury port,
First Nat’l B’k, Northampton,
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,


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

$2,200
2,000
5,000
2,000
5,400
3,800
4,200
3,700
500
4,800
200
100
3,800
24,600
40,000
7,100
1,700
2,500
500
9,000

$2,750
3,500
7,500
3,500
7,290
3,800
2,100
5,365
750
4,896
302
155
4,560
30,750
58,000
8,165
2,125
3,375
635
11,070

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

$2,200
2,000
5,000
2,000
6,700
3,800
4,200
3,700
500
4,800
200
100
3,790
31,400
41,800
7,100
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

3,700

3,700 00

3,700 00

5,000

10,000 00

8,900 00

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

271

Holyoke Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

38
6
50
117
15
178
87
50
215
25
97
26
4
50

Par Value.

Palmer National Bank. Palmer,
Pittsfield N’l B’k, Pittsfield, .
Agawam 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, .
.
.
.
Second N’l Bank, Springfield,
Third Natl B'k, Springfield, .
Springfield N’l B’k, Springfield,
Townsend N’l B’k, Townsend,
Ware National Bank, Ware, .
First Nat’l Bank, Westfield, .
First National B’k, Worcester,

Estimated
Market Value.

Amount Invested.

$3,800
600
5,000
11,700
1,500
17,800

$4,750
900
2,500
18,135
2,160
18,690

00
00
00
00
00
00

$3,800
570
5,000
15,300
1,500
20,000

00
00
00
00
00
00

8,700
5,000
21,500
2,500
9,700
2,600
400
5,000

9,135
6,500
48,375
5,000
11,640
2,730
520
9,500

00
00
00
00
00
00
00
00

9,600
6,500
33,500
2,500
12,000
2,600
400
5,000

00
00
00
00
00
00
00
00

$227,600

$314,823 00 $267,148 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Boston, Concord & Montreal R.R. 6s,
Boston, Winthrop & Shore R.R. 5s, .
Boyer Valley R.R. 3ès, .
Chic., Burlington & Quincy R.R. 3<|s,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 7s,
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Holyoke & Westfield R.R. 4s, .
Illinois Central R.R. 3^s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
Michigan Central R.R. 5s,
Michigan Central R.R. 7s,
New Haven & Northampton R.R. 5s,
New York Central & Hudson River
R.R. 7 s ,...........................................
New York & New England R.R. 6s,


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

Estimated
Market Value.

Amount Invested.

$10,000
24,000
11,000
25,000
15,000
10,000
60,000
92,000
65,000
50,000
102,000
50,000
75,000
55,000
19,000
3,000
20,000
2,000

$11,100 00
24,850 00
13,350 00
26,750 00
15,000 00
10,000 00
62,500 00
99,500 00
73,750 00
52,750 00
109,500 00
52,000 00
75,350 00
61,000 00
25,000 00
3,037 50
20,800 00
2,200 00

$10,000 00
24,000 00
11,000 00
25,000 00
15,000 00
10,000 00
60,000 00
92,000 00
65,000 00
50,000 00
102,000 00
50,000 00
75,000 00
55,000 00
19,000 00
3,000 00
20,000 00
2,000 00

12,000
35,000

12,750 00
38,000 00

12,000 00
35,000 00

.272

R E P O R T OF TH E

[Pub. D oc.

Holyoke Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

New York & New England R.R. 7s,
Penobscot Shore Line R.R. 4 s,.
Portland & Ogdensburg R.R. 3js, .
Vermont & Massachusetts R.R. 5s, .
Vermont Valley R.R, 5s, .

$50,000
13.000
10.000
14,000
5,000
$827,000

Estimated
Market Value.

$56,250 00
13,750 00
10,100 00

14,375 00
5,600 00

Amount Invested.

$50,000
13.000
10.000
14,000
5,000

00
00
00
00
00

$889,262 50 $827,000 00

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

$48,782 11
165,529 20
10,000 00
11,116 67
15,000 00

Rate.

2

per cent.

3
34io
31io

“
“

3ys

“

Amount.

$13,000
25.000
50.000
50.000
75.000

Rate.

00
00
00
00
00

3§ per cent.
34io

“

3.425 “
H
“
4
«

Amount.

$90,000
1,671,950
45,400
81,410

Rate.

00
00
00
00

4£ per cent.
5
«
5è
“
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, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 292
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 427
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : third Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
$74,042 90 1
during the year ending Oct. 31, 1900,
.
i 2 per cent.,
76,644 67 1
Number of accounts opened during the year ending Oct. 31, 1900,
2,046
Number of accounts closed during the year ending Oct. 31, 1900,
1,639
Total number of open accounts Oct. 31, 1900,
.
.
.
.
10,311
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during, the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,................................................................................. 16,773
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1900,
...................................................................................................
Number of s a m e , ................................................................................. 10,293
iDate of examination by commissioner: June 14.


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

$27,500 00
31,010 00
977 99
387,625 00
9,200 00
209,904 91

150,687 57

9,293 48
814,510 00

771,373 62

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS

273

HOM E S A V IN G S B A N K — BOSTON.
Incorporated March 17, 1869.

Present number of corporators, 42.

C h a r l e s H . A l l e n , President.
C h a r l e s J. H a y d e n , Treasurer.
C h a r l e s J . H a y d e n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Charles H . A llen,
N ew ton T a l b o t ,
H e n r y C. J a c k s o n ,

T homas F . T e m p l e ,
A l b e r t T . W h it in g ,
E d w a r d H . D unn.

Open for business every business day, 9

a .m .

to 2

p .m .

B alance Sheet O ct. 31, 1900.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Loans on railroad stock, .
Boston Terminal Co. bonds,
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, .
.
.
.

$125,250
65.000
234,570
4,800
400,0(10
2,500
70.000
30.000
4,414,650
2,633,874

00
00
00
00
00
00
00
00
00
42

115,464
254,153
1,522
64
6,792

87
52
05
82
43

$8,358,642 11

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

$7,845,760 43
396,000 00
56,576 43
59,955 25
350 00

$8,358,642 11

Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston, .
.
.
.
Third National Bank, Boston,
.
.
.
.
Massachusetts Loan and Trust Company, Boston,

$95,990 72
57,916 23
100,246 57

Loan on Public Funds: —
$65,000 City of Newton, Mass., 4s,

$65,000 00

Loan on Bank Stock: —
50 shares Wachusett National Bank, Fitchburg,


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

$4,800 00

274

[Pub. D oc.

R E P O R T O F TH E

Home Savings Bank — Continued.
Loan on Railroad Bonds : —
$3,000 Chicago, Burlington & Quincy R .R . 4 s , .............................................$2,500 00

Loans on Railroad Stock, amount on each : —
200 shares Boston & Maine R .R .,
100 shares Boston & Lowell R.R .,
100 shares Boston & Albany R .R ...........................

’I

$50,000 00
20,000 00

Detailed Statement o f Publie Funds.
Par Value.

City of Bay City, Mich., 8s,
of Brockton, Mass., 4s,
of Gloucester, Mass., 4s, .
of Lynn, Mass., 4s, .
of Northampton, Mass., 4s,
of Saco, Me., 4s,
of Sioux City, Iowa, 4^s,.
of Springfield, Mass., 7 s,.
of Woburn, Mass., 4s,
Town of Andover, Mass., 4s, .
of Hyde Park, Mass., 4s,

Estimated
Market Value.

$5,685
12,200
3,764
28,452
25,187
7.000
4,140
1,087
4,045
1.000
36,795

$4,500
12,000
3,750
27.000
25.000
7.000
4.000
1.000
4.000
1.000
36.000

00
00
06
50
50
00
00
50
00
00
00

$125,250 $129,356 56

*

Amount Invested.

$4,500
12,000
3,750
27.000
25.000
7.000
4.000
1.000
4.000
1.000
36.000

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

$125,250 00

A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

50 Atlantic Nat’l Bank, Boston, .
200 Atlas National Bank, Boston, .
66 Blackstone N’l Bank, Boston, .
23 Continental N’l Bank, Boston,
100 Eliot National Bank, Boston, .
125 First National Bank, Boston, .
62 Freeman’s Nat’l B’k, Boston, .
200 Merchants’ Nat’l Bank, Boston,
75 Mt. Vernon N’l Bank, Boston,.
150 N ’l B’k of Redemption, Boston,
200 N’l B’k of the Republic, Boston,
100 N’l Hide & Leather B’k, Boston,
50 Nat’l Market B’k of Brighton,
Boston,..................................
125 National Union Bank, Boston,


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

Par Value.

$5,000
20,000
2,970

Estimated
Market Value.

10,000
12,500
6,200
20,000
7,500
15,000
20,000
10,000

$5,750
20,000
1,650
115
14,000
22,500
6,200
32,600
7,500
17,700
28,000
10,700

5,000
12,500

5,000 00
16,625 00

-

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

Amount Invested.

$5,000 00
20,000 00
2,970 00
-

10,000
12,500
6,200
20,000
7,500
15,000
20,000
10,000

00
00
00
00
00
00
00
00

5,000 00
12,500 00

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS

H o m e S avings B an k

—

275

Continued.

Detailed Statement o f Bank Stocks — Concluded.
V-

en

O. O

Estimated
Market Value.

fc m
33
200
400
100
100
46

Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,

$3,300
20,000
40,000
10,000
10,000
4,600
$234,570

$3,168
28,000
69,600
12,200
10,700
5,014

00
00
00
00
00
00

$3,300
20,000
40,000
10,000
10,000
4,600

00
00
00
00
00
00

$317,022 00 $234,570 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Chic., Burlington & Quincy R.R. 7s,.
Dexter & Piscataquis R.R. 4s, .
Fitchbui'g R.R. 4s, .
Fitchburg R.R. 5s, .
Michigan Central R.R. 7s,
New York Central & Hudson River
R.R. 7s.............................................
New York & New England R.R. 7s,
Old Colony R.R. 4s, .

$70,000
10,000
88,000
64,000
41,000
47,000
65,000
15,000

$75,775
10,850
95,045
66,890
42,845

00
00
00
00
00

Amount 111\tblodi

$70,000
10,000
88,000
64,000
41,000

00
00
00
00
00

50,172 50
73,450 00
17,175 00

47,000 00
65,000 00
15,000 00

$400,000 $432,202 50

$400,000 00

Boston Terminal Company Bonds.
Estimated
Market Value.

Boston Terminal Company 3¿s,


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

$30,000

$34,500 00

$30,000 00

276

R E P O R T O F TH E

[Pub. D oc.

Home Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Bate o f Interest.
Amount.

$153,906
100,246
50.000
40.000
2,964
481,000
60.000

Bate.

95
57
00
00
87
00
00

3
3j
3|
3-f
3|
3|

per cent.
“
“
“
“

Amount.

$580,000
80,000
55.000
2,059 991
60.000
1,016,947
1,500,851

Bate.

00
00

00
66
00

04
00

3| per cent.
'¿1
“
3 9
“
4^0
<(
4£
41

4£

«
“

Amount.

$ 1 1 0 ,0 0 0
30.000
1,068,359
56,600
36.000
18,575

Bate.

00

00
72
00
00
00

4| per cent.
4£
“
5
“
5£
6

“
“

Number of loans which are of an amount not exceeding $3,000 each, 173
Aggregate amount of the s a m e , ........................................................................ $298,950 00
Total number of loans upon real e s t a t e , ............................................. 436
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
355,433 01
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Rate and amount of eachsemi-annual dividend f 1| per cent., $125,144 19 ) 2 * 3 qq2 91
during the year ending Oct. 31,1900, .
. 1 1| per cent.,
128,458 72 J
Number of accounts opened during the year ending Oct. 31, 1900,
2,535
Number of accounts closed during the year ending Oct. 31, 1900,
1,823
Total number of open accounts Oct. 31, 1900,
.
.
.
.
25,505
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
24,658 79
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900, .......................................................................................... 1,656,407 87
Number of s a m e , .........................................................................................19,463
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ................................................................................................... 1,598,149 43
Number of s a m e , .........................................................................................17,887
Date of examination by commissioner: June 19.


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

No. 8 .]

277

SA Y IN G S B A N K COM M ISSIONERS

HOOSAC S A V IN G S B A N K — N O R TH AD AM S.

Incorporated April 19,1871.

Present number of corporators, 15.

O . A . A k c h e r , President.

H. E . W

W . W . R ic h m o n d , Treasurer.
etherbee,

Clerk of the Corporation.

Names of committee charged with the investment of its funds :
S . H. F a i r f i e l d ,

T im o t h y C o l l in s ,
W . W . B utler.

Open for business every business day, 9 a . m . to 4 p . m . ; also Saturdays, until 6
except June, July, August, September and October, close at 4.30 p .m .

Balance Sheet O

ct.

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses) ..........................................
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, not on interest,
Interest account,
Premium account,
Furniture and fixtures,
Cash on hand, .
.
.
.

p .m .,

$42,000 00
7,200 00

40.000 00

10.000 00

Deposits, .
Guaranty fund,
Interest account,
Due on mortgage
loans, .

$1,091,162 98
23,935 33
12,019 78
4,318 85

46,471 59
791,533 88
1 7 2 ,8 2 2 50
3,100 00
430 57
2,305 63
4,700 00
7,000 00
3,872 77
$1,131,436 94

$1,131,436 94

Cash on Deposit in Banks, amount in each: —
Adams National Bank, North A d a m s , ......................................................
Berkshire National Bank, North Adams, .
.
.
.
.
.
.


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

$424 23
6 34

278

R E P O E T O F TH E

[Pub. D oc.

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

Par Value.

City o f
of
of
of
of
of
of
of
of

Bay City, Mich., 5s,
Cleveland, Ohio, 4s, .
Columbus, Ohio, 4s, .
Lynn, Mass., 3^s,.
Lynn, Mass., 4s, .
Sioux City, Iowa, 4£s,.
Terre Ilaute, Ind., 4£s,
Waltham, Mass., 4s, .
Wilkes-Barre, Pa , 3£s,

Estimated
Market Value.

$10,000
2,000
1,000
2,000
2,000
5.000
5.000
5.000
10,000

$12,450
2,020
1,030
2,060
2,040
5,625
5,290
5,050
10,300

$42,000

$45,865 00

00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
2,000
1,000
2,000
2,000
5.000
5.000
5.000
10,000

00
00
00*
00
00
00*
00
00
00

$42,000 00

* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

19
53

Par Value.

Adams Nat’l B’k, North Adams,
Berkshire N’l B’k, No. Adams,

Estimated
Market Value.

Amount Invested.

$1,900
5,300

$2,185 00
5,671 00

$1,900 00
5,300 00

$7,200

$7,856 00

$7,200 00

Detailed Statement o f Railroad Bonds.

Par Value.

Chic., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3 ¿s,.
Illinois Central R.R. 4s, .

$5,000
5.000
25,000
5.000
$40,000

Estimated
Market Value.

$5,250
5.600
25,250
5.600

00
00
00
00

$41,700 00

Amount Invested.

$5,000
5.000
25,000
5.000

00
00
00
00

$40,000 00

Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3<|s,


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

$10,000

Estimated
Market Value.

Amount Invested.

$11,500 00

$10,000 00

No. 8 .]

SA Y IN G S B A N K C O M M IS S IO N E D .

279

Hoosao Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate of Interest.
Amount.

$911,369

Kate.

86

5 per cent.

Amount.

$56,086 52

6

Rate.

Amount.

Kate.

per cent.

-

-

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, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 353
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 323
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
Times for the dividends fixed by the by-laws: June 1 and December 1.
Rate and amount of each semi-annual dividend j 2 per cent., $17,728 13 1
during the year ending Oct. 31, 1900, .
. 1 2 per cent., 19,225 56 I
Number of accounts opened during the year ending Oct. 31, 1900,
1,053
Number of accounts closed during the year ending Oct. 31, 1900,
. 758
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,391
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .................................................................................6,301
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .................................................................................4,008
Date of examination by commissioner: May 7.


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

$46,471
70.000
35.000
3,257

59
00
00
62

388,502 38

50,049 78
36,953 69

5,111 78
374,833 71

275,554 00

R E P O E T O F TH E

280

[Pub. Doc

H O P K IN TO N S A V IN G S B A N K — H O P K IN T O N .
Incorporated March 23, 1867.

Present number of corporators, 29.

L o w e l l B. M a y b r y , President.
F r e d A. W
F r e d A . W o o d , Clerk o f the Corporation.

Treasurer.

o od ,

Names of committee charged with the investment of its funds :
L o w e l l B. M a y b r y ,
W il l ia m A . F r a il ,
J. D a v id S t e w a r t .

Ch ar les L . Cl a p l in ,
A lo n zo C o b u r n ,
M a r t in V . P h i p p s ,

Open for business every business day except Saturdays, 9
p . m . ; Saturdays, 9 a . m . to 12 m .
B

alance

Sh

eet

O

ct

.

to 12 m . ; 1.30 to 4

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
.
.
.

a .m .

$54,000
58,559
84,000
7,716
114,500
40

00
00
00
07
00
00

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

$338,996 86
17,703 71
11,444 09

20,800 00
15,409 98
1 ,0 0 0 0 0
8 8 6 04
11,233 57

$368,144

$368,144

66

66

Cash on Deposit in Bank : —
Hopkinton National Bank, H o p k i n t o n ,...................................................... $16,409 98

Detailed Statement o f Public Funds.
Par Value.

United States 4s,
. . .
Massachusetts 3£s, .
.
.
.
County of Aroostook, Me., 4£s,
City of Bangor, Me., 6s, .
of Portland, Me., 6s,


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

Estimated
Market Value.

$25,000
10,000
5,000
5,000
6,000

$33,875
11,125
5,500
5,587
7,050

00
00
00
50
00

$51,000

$63,137 50

Amount Invested

$28,000
10,000
5,000
5,000
6,000

00
00
00
00
00

$54,000 00

No. 8 .]

281

SA V IN G S B A N K COM M ISSIONERS

Hopkinton Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
50
61
50
50
25
15
16
50
15
10
13
25
48
40
60
25
5
54
20

Par Value.

Greylock Nat’l Bank, Adams, .
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Everett National Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Howard Nat’l Bank, 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,
National Revere Bank, Boston,
Nat’l Shawmut Bank, Boston,.
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Franklin N’l Bank, Franklin, .
Natick National Bank, Natick,
Quinsigamond National Bank,
Worcester, .
.
.
.
Worcester N’l B'k, Worcester,

Estimated
Market Value.

$1,000
5,000
6,100
5,000

$1,750
5,750
6,100
7,500
250
25
1,860
240
5,900
2,100
1,400
1,391
125
8,064
40
480
2,925
600

-

400
1,500
1,120
5,000
1,500
1,000
1,300
575
4,800
-

2,500
500

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

Amount Invested.

$1,500
6,250
7,015
7,500

00
00
00
00

-

400
1,950
1,120
5,750
1,950
1,250
1,300

00
00
00
00
00
00
00

-

7,200 00
240 00
-

2,750 00
500 00

5,400
2,000

7,830 00
3,600 00

7,964 00
3,920 00

$44,695

$57,930 00

$58,559 00

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, .
Fitchburg R.R. 5s, .
.
.
.
Illinois Central R.R. 3^s,.
Maine Central R.R. 4^s, .
Michigan Central R.R. 5s,
Michigan Central R.R. 7s,
Newport & Richford R.R. 5s, .
Portland & Rumford Falls R.R. 4s,
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................


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

$10,000
10,000
5,000
10,000
5,000
5,000
1,000
1,000
6,000
10,000
15,000

Estimated
Market Value.

$10,800
11,500
5,675
11,000
5,212
5,050
1,110
1,016
6,270
10,900
16,200

00
00
00
00
50
00
00
25
00
00
00

Amount Invested.

$10,000
10,000
5,000
10,000
5,000
5,000
1,000
1,000
6,000
10,000
15,000

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

6,000

7,800 00

6,000 00

$84,000

$92,533 75

$84,000 00

* A legal investment when made.

282

[Pub. D oc

R E P O R T O F TH E

Hopkinton Savings Bank — Concluded.
Total Amount o f Loam, with Each Specified Bate o f Interest.
Amount.

R a te.

2£

2 0 ,0 0 0 00

3i
4

3,800 00

per cent.
“
“

o o
o o
o o
o o
oot
TfTco'

$15,409 98

Amount.

R ate.

4£ per cent.
5
“

Amount.

$9,200 00
41,440 00

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 123
Aggregate amount of the s a m e , .........................................................................
Total number of loans upon real estate....................................................... 130
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : first Saturday in May and
November.
Rate and amount of each semi-annual dividend f 2 per cent., $6,629 84 |
during the year ending Oct. 31,1900, .
.
1 2 per cent.,
6,589 23 J
Number of accounts opened during the year ending Oct. 31, 1900,
. 104
Number of accounts closed during the year ending Oct. 31, 1900,
. 110
Total number of open accounts Oct. 31, 1900....................................
1,117
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 0 ,..........................................................................................
Number of s a m e ,.....................................................................................743
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e ,.....................................................................................841
Date of examination by commissioner: March 15.


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

R ate.

5£ per cent.
6
“

$7,716 07
10,325 00
352 00
80,500 00
2,833 79
16,684 48

13,219 07

2,038 84
41,651

88

57,516 28

No. 8 .]

283

S A Y IN G S B A N K CO M M ISSION ERS.

H U DSON S A V IN G S B A N K — H U DSON.
Incorporated Feb. 26, 1869.

Present number of corporators, 36.

E d m u n d M. S t o w e , President.
F red 0 . W

elsh ,

D a n ie l W . S t r a t t o n , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E d m u n d M. S t o w e ,
G e o r g e B. C o c h r a n ,
H orace E . Sto w e,
H enry T ow er,
J o se p h S. B r a d l e y .

Open for business every business day, 9 a . m . to 12 m . and 1.30 to 4.30
6 to 8 p . m . on Saturday.

B

alance

Sh

eet

.

; also

O c t . 31, 1900.

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,
Boston Terminal Co. bonds,
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, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Tax account,
.
.
.
.
Real estate, rents and expenses
by foreclosure,
Furniture and fixtures,
Cash on hand, .
.
.
.

p .m

$138,450 00
49,935 00
1 ,0 0 0 0 0
00
2 0 ,0 0 0 00

266,000

43,853
4,037
558,355
6,375

62
41
00
00

57,700
35,100
93
200
18,400
778

00
00
61
72
00
83

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Real estate, rents and
expenses,
Due on mortgage
loans, .

$1,146,621 75
33,900 00
6,116 34
11,190 10
81

88

1 0 ,2 0 0 00

345 82
5,000 00
2,485 06
$1,208,110 07

$1,208,110 07

Cash on Deposit in Banks, amount in each: —
Old Colony Trust Company, B oston ,...............................................................
Hudson National Bank, H u d s o n , ...............................................................

$10,000
25,100

Loans on Bank Stock, amount on each : —
8
6

shares Hudson National Bank, H u d son ,..................................................
shares National Rockland Bank, R o x b u r y ,.........................................


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

$500 00
500 00

[Pub. D oc

R E P O R T O F TH E

284

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

P a r V a lue.

County of Washington, Me., 4s,
City of Bay City, Mich., 5s,
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Columbus, Ohio, 4s,
of Fall Hirer, Mass., 5s, .
of Grand Rapids, Mich., 5s,
of Kansas City, Mo., 4£s,.
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
Town of Billerica, Mass., 4s, .
of Clinton, Mass., 4s,
of Melrose, Mass., 4s, .
of Wallingford, Conn., 3.65s,

$10.000
5,000
20,000
5,000
5,000
4,000
7,000
5,000
5,000
15,000
5,450
10,000
10,000
12,000
10,000
10,000

E stim ated
M a rk et V a lue.

$10,950
6,000
22,575
5,100
5,525
4,520
7,040
5,650
5,275
17,025
5,635
11,250
11,450
12,570
10,775
10,600

00
00
00
00
00
00
00
00
00
00
88
00
00
00
00
00

A m o u n t In v ested .

$10,000
5,000
20,000
5,000
5,000
4,000
7,000
5,000
5,000
15.000
5,450
10,000
10,000
12,000
10,000
10,000

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

$138,450 $151,940 88 $138,450 00
* L e g a l I n v e stm e n ts w h e n m a d e .

Detailed Statement o f Bank Stocks.
No. of
Shares.

>

23
25
10
35
25
20
37
4
60
45
10
52
75
50
50

Estimated
Market Value.

Amount Invested.

$1,035
2,500
1,000
3,500
2,500
2,000
3,700
400
6,000
4,500
500
5,200
7,500
5,000
5,000

$575
4,075
1,100
3,745
3,325
1,920
3,700
488
6,420
4,365
100
5,460
9,000
7,500
5,750

$935
2,500
1,000
3,500
2,500
2,000
3,700
400
6,000
4,500
200
5,200
7,500
5,000
5,000

$50,335

$57,523 00

Par Value.

Blackstone Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston,.
N’l Bank of Commerce, Boston,
N’l Hide & Leather B’k, Boston,
National Union Bank, Boston,
N’l Webster Bank, Boston,
Old Boston N’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,.
Hudson Nat’l Bank, Hudson, .
National City Bank, Lynn,
People’s N’l B’k, Marlborough,


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

$49,935 00

No. 8 .]

S A Y IN G S

285

B A N K COM M ISSION ERS

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

P a r V a lu e.

Albany & Susquehanna R.R. 7s,
Bennington & Rutland R.R. 4ès,
Boston & Maine R.R. 4s, .
Cedar Rapids & Missouri River R.R.
7s......................................................
Chic., Burlington & Quincy R.R. 3^s,
Chicago & Northwestern R.R. 7s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R R. 4s, .
Fitchburg R.R. 5s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3às,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Maine Central and European &
North American R.R. 4s,
Michigan Central R.R. 7s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Portland & Rumford Falls R.R. 4 s,.
Rochester & Northern Minnesota
R.R. 7s,...........................................
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
St. Johnsbury & Lake Champlain
R.R 5 s ,...........................................
Troy & Boston R.R. 7s, .
Upper Coos R.R. 4js,

E stim ated
M ark et V a lue.

A m ou n t In vested.

$7,000
10,000
16,000

$8,120 00
11,200 00
18,320 00

$7,000 00
10,000 00
16,000 00

1,000
10,000
10,000
10,000
5,000
10,000
11,000
5,000
10,000
30,000
19,000

1,400
10,300
12,975
11,000
5,700
10,975
12,155
5,000
10,050
33,350
20,045

00
00
00
00
00
00
00
00
00
00
00

1,000
10,000
10,000
10,000
5,000
10,000
11,000
5,000
10,000
30,000
19,000

00
00
00
00
00
00
00
00
00
00
00

1,000
5,000
10,000
5,000
10,000
10,000
10,000

1,125
5,225
10,925
5,650
11,150
10,800
10,950

00
00
00
00
00
00
00

1,000
5,000
10,000
5,000
10,000
10,000
10,000

00
00
00
00
00
00
00

6,000

7,305 00

6,000 00

5,000

5,900 00

5,000 00

20,000
20,000
10,000

26,500 00
30,600 00
11,400 00

20,000 00
20,000 00
10,000 00

$266,000

$308,120 00 $266,000 00

Boston Terminal Company Bonds.

P a r V alue.

Boston Terminal Company 3£s,


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

$ 20,000

E stim ated

A m o u n t In vested.

M a rk et V alue.

$23,000 00

$20,000 00

286

R E P O R T O F TH E

[Pub. Doc,

Hudson Savings Bank — Concluded.

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

$35,100 00
31,200 00
8 ,0 0 0 0 0

Rate.

2

3£
4

per cent.
“
“

Amount.

$18,500 00
270,875 00
254,405 00

Rate.

4£ per cent.
5
“

Amount.

$38,950 00
750 00
750 00

Rate.

6 per cent.

7
u

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, 1900,
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 329
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 355
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : third Wednesday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
$20,164 02 )
during the year ending Oct. 31, 1900,
.
1 2 per cent.,
21,207 81 >
Number of accounts opened during the year ending Oct. 31, 1900,
. 571
Number of accounts closed during the year ending Oct. 31, 1900,
. 391
Total number of open accounts Oct. 31, 1900,
.
.
.
.
3,535
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.......................................................................................... 2,971
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e ,.......................................................................................... 2,656
Date of examination by commissioner: January 30.


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

“

$43,853
43,853
36,600
1,994

62
62
00
08

4,037 41
5,035 00
310,255 00

54,110 99

41,371 83

2,415 36
219,182 00

165,094 62

No. 8 .]

287

S A Y IN G S B A N K CO M M ISSION ERS.

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, 29.

R o b e r t B l e a k i e , President.
A r t h u r H . B u r t , Treasurer.
A r t h u r H . B u r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R obert B l e a k ie ,
D a v id P e r k i n s ,
H e n r y S. B u n t o n ,
F r e d e r i c k N. T i r r e l l ,
W i l l i a m J. S t u a r t .

Open for business every business day, 11

a .m .

to 4

Balan ce Sh eet Oct.

; also Saturdays, 6 to 8

p .m .

31, 1900.

L ia b il it ie s .

A ssbts.

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, .
.
.
.

p .m .

$ 1 ,0 0 0 00
19,500 00
98,000 00
2 0 ,0 0 0 0 0

6,940 61
339,603 00
198,650 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Due on mortgage
loans, .

$706,064 33
32,537 32
12,974 94
28,640

88

2,276 75

60,000 0 0
34,070 94
661 96
4,067 71
$782,494 22

$782,494 22

Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston...............................
Colonial National Bank, Boston, .
National Shawmut Bank, Boston,


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

$4,000 98
14,143 33
15,926 63

R E P O R T O F TH E

288

[Pub. D oc.

Hyde Park Savings Bank — Continued.

Detailed Statement o f Public Funds.
Par Value.

Town of Hyde Park, Mass., 4s,

$ 1 ,0 0 0

Estimated
Market Value.

$ 1 ,0 1 0 0 0

Amount Invested.

$ 1 ,0 0 0 0 0

No. of
Shares.

Detailed Statement o f Bank Stocks.

20
8
20
31
20
19
13
17
6
27
14

Par Value.

Colonial Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston,.
N’l Bank of Commerce, 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,
Second National Bank, Boston,
State National Bank, Boston, .
First N’l Bank, Newburyport,

$2,000
800
2,000
3,100
2,000
1,900
1,300
1,700
600
2,700
1,400
$19,500

Estimated
Market Value.

$3,000
800
3,260
3,410
2,360
2,660
1,820
1,819
1,044
2,889
1,778

00
00
00
00
00
00
00
00
00
00
00

$24,840 00

Amount Invested.

$2,000
800
2,000
3,100
2,000
1,900
1,300
1,700
600
2,700
1,400

00
00
00
00
00
00
00
00
00
00
00

$19,500 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Fitchburg R.R. 4js, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 7s,
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R R. 4s,
Worcester, Nashua & Roch. R.R. 4s,


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

$11,000
5,000
5,000
8,000
7,000
29,000

Estimated
Market Value.

$11,825
6,325
5,375
9,000
7,105
39,005

00
00
00
00
00
00

Amount Invested.

$11,000
5,000
5,000
8,000
7,000
29,000

00
00
00
00
00
00

18,000
10,000
5,000

23,940 00
10,800 00
5,625 00

18,000 00
10,000 00
5,000 00

$98,000

$119,000 00

$98,000 00

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS

289

Hyde Park Savings Bank — Concluded.

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

$34,070 94
60,000 0 0
16,000 00

Kate.

2

per cent.

4
44

Amount.

Kate.

Amount.

$271,333 00
25,800 00

5 per cent.
54
“

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

Kate.

6

per cent.

64

“

Amount invested in real estate for banking purposes,....................................
$ 20,000 00
Estimated value of the s a m e , ........................................................................
20,000 00
Assessed value of the same.....................................................................................
21,000 00
Value, by books, of other real estate, held or owned by foreclosure or
6,940 61
o th e r w ise ,............................................................................................................
Assessed value of the same.....................................................................................
6,700 00
Number of loans which are of an amount not exceeding $3,000 each,
168
Aggregate amount of the s a m e , ........................................................................
257,353 00
Total number of loans upon real e s t a t e , ............................................. 175
Amount of investments from which no income is received, .
.
.
.
3,453 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
35,971 36
Times for the dividends fixed by the by-laws : January 15 and July 15.
Rate and amount of eachsemi-annual dividend f 2per cent.,
$11,534 70 ?
23,709 22
during the year ending Oct. 31,1900, .
. ( 2per cent.,
12,174 52 )
Number of accounts opened during the year ending Oct. 31, T900, . 784
Number of accounts closed during the year ending Oct. 31, 1900,
. 486
Total number of open accounts Oct. 31, 1900,
.
.
.
.
3,748
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
2,258 82
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900...............................................................................................
249,324 76
Number of s a m e , .......................................................................................... 5,805
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
207,372 07
Number of s a m e , .......................................................................................... 3,877
Date of examination by commissioner: January 23.


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

290

[Pub. Doc,

R E P O R T O F TH E

IN S T IT U T IO N FOR S A V IN G S IN N E W B U R Y P O R T A N D
IT S V IC IN IT Y — N E W B U R Y P O R T .
Incorporated Jan. 31, 1820.

Present number of corporators, 84.

H e n r y B. L it t l e , President.
L a w r e n c e W . P i p e r , Treasurer.
G e o r g e F. A y e r y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Sa m u e l M a r c h ,
G eo rg e W . P ip e r ,
L a w r e n c e B. C u s h in g ,
H e n r y B. L it t l e ,
E l is h a P . D o b g e .

Open for business every business day, 8.30

Ba l a n c e Sheet O ct.

a .m .

to 2

p .m .

31, 1900.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $1,187,000 00
Bank stock, as per schedule,
655,565 00
Loans on bank stock,.
8,400 00
Railroad bonds, as per schedule,
1,154,000 00
Real estate (for banking pur­
poses) ...........................................
1 0 ,0 0 0 00
57,751 59
Real estate by foreclosure,.
1,767,228 00
Loans on real estate, .
Loans on personal security,
1,542,492 80
Loans to counties, cities or towns
27,100 00
( n o t e s ) ,....................................
204,941 49
Deposits in banks, on interest, .
860 92
Cash on hand, .
.
.
.

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

$6,615,339 80

$6,229,577 17
306,000 00
1,178 20
52,324 93
26,259 50

$6,615,339 80

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
Essex National Bank, Haverhill,
First National Bank, Newburyport,
Powow River National Bank, Amesbury, .

$123,251 06
10,000 00

46,690 43
25,000 00

Loans on Bank Stock, amount on each: —
22
20
50
15

shares Ocean National Bank, Newburyport, .
shares First National Bank, Newburyport,
shares Martha’s Vineyard National Bank, Edgartown,
shares First National Bank, Newburyport,


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

$900 00
2,000 00

4,500 00
1,000 00

N o. 8 .]

291

S A V IN G S B A N K CO M M ISSION ERS

Institution for Savings in Newbury port, etc. — Continued.
Detailed Statement o f Public Funds.
Par Value.

County of Aroostook, Me., 4£s,
of Middlesex, Mass., 4s,
City of Boston, Mass., 3^s,
of Boston, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicopee, Mass., 4s,
of Dayton, Ohio, 5s,.
of Dover, N. H., 4s, .
of Everett, Mass., 4s,
of Haverhill, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 6s,
of Lowell, Mass., 4s,
of Lynn, Mass., 3£s,
of Lynn, Mass., 4s, .
of Manchester, N. H., 4s, .
of Nashua, N. H., 4s,
of Newburyport, Mass., 4s,
of Salem, Mass., 4 s,.
of Somerville, Mass., 4s, .
of Taunton, Mass., 4s,
of Waltham, Mass., 4s, .
of Worcester, Mass., 3£s,.
of South Bend, Ind., 6s, .
Town of Beverly, Mass., 4s, .
of Marblehead, Mass., 4s,
of Marlborough, Mass., 4s, .
of Stoughton, Mass., 4s,
of Turner’s Falls, Mass. (Fire
District), 4s, .

$45,000
10,000
50,000
150,000
32,000
50,000
5,000
20,000
25,000
75,000
55,000
10,000
20,000
25,000
75,000
50,000
20,000
176,500
15,000
11,000
42,000
12,000
25,000
35,000
14,000
48,500
31,000
50,000

Estimated
Market Value.

$50,040
10,000
52,500
165,750
35,840
55,250
5,150
21,500
28,000
83,125
58,500
10,250
20,400
25,375
80,125
51,875
20,750
189,312
15,150
11,055
48,300
12,600
25,375
36,750
14,980
53,285
33,325
53,750

10,000

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

11,000 00

Amount Invested.

$45,000
10,000
50,000
150,000
32,000
50,000
5,000
20,000
25,000
75,000
55,000
10,000
20,000
25,000
75,000
50,000
20,000
176,500
15,000
11,000
42,000
12,000
25,000
35,000
14,000
48,500
31,000
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

10,000 00

$1,187,000 $1,279,672 50 $1,187,000 00
*

A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

122
750
31
50
100
74

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Commercial N’l Bank, Boston,
Colonial Nat’l Bank, Boston, .
Eliot National Bank, Boston, .


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

$12,200
75,000
1,395
5,000
10,000
7,400

Estimated
Market Value.

$14,030
75,000
775
7,000
15,000
10,360

00
00
00
00
00
00

Amount Invested.

$12,200
75,000
1,395
7,000
15,000
7,400

00
00
00
00
00
00

292

R E P O E T O F TH E

[Pub. Doc,

Institution for Savings in Newburyport, etc. — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

240
100
169
173
221
500
258
108
100
200
150
500
208
133
100
100
480
200
400
69
150
250
353
60
39
108
1226
105

Estimated
Market Value.

Amount In­
vested.

124,000
10,000
16,900
17,300
22,100

$29,760
18,000
16,900
28,199
24,310

00
00
00
00
00

$24,000
10,000
16,900
17,300
22,100

50,000
25,800

94,500
30,444
432
14,000
18,400
16,050
84,000
27,664
12,768
14,000
10,000
83,520
1,600
48,800
7,383
16,350
2,500
36,359
8,220
4,953

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

Par Value.

Faneuil Hall N’l B’k, Boston,.
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Com­
monwealth, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Hamilton Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, 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 National B’k, Boston,
Washington N’l Bank, Boston,
Gloucester N’l B’k, Gloucester,
First N’l Bank, Newburyport,
Mechanicks’ National Bank,
Newburyport,
Merchants’ N’l B’k, Newbury­
port,
...................................
Ocean Nat’l B’k, Newburyport,

-

10,000
20,000
15,000
50,000
20,800
13,300
10,000
10,000
48,000
_

40,000
6,900
15,000
12,500
35,300
6,000
3,900

00
00
00
00
00

50,000 00
25,800 00

_

10,000
20,000
15,000
75,000
20,800
13,300
10,000
10,000
48,000

00
00
00
00
00
00
00
00
00

40,000
6,900
15,000
12,500
35,300
6,000
3,900

00
00
00
00
00
00
00

3,780 00
24,520
5,250

26,972 00
5,250 00

24,520 00
5,250 00

$623,565 $807,279 00 $655,565 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .


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

$25,000
100,000
85.000
50.000
15.000
155,000
50.000

Estimated
Market Value.

$26,875
108,250
107,525
51,250
16,650
166,762
45,000

00
00
00
00
00
50
00

Amount Invested.

$25,000
100,000
85.000
50.000
15.000
155,000
45.000

00
00
00
00
00
00
00

N o. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

293

Institution for Savings in Newtauryport, etc. — Continued.
Detailed Statement of Railroad Bonds — Concluded.

Illinois Central R.R. 3£s,.
Maine Central R.R. 4s,
Maine Central, European & North
American R.R. 4 s ,.
Minnesota & Iowa R.R. 3£s, .
New York & New England R.R. 7s,
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Portland & Ogdensburg R.R. 3£s, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$100,000
24,000

$100,000 00
25,320 00

$100,000 00
24,000 00

15,000
50,000
50,000
50,000
135,000
90,000
100,000
25,000
40,000

16,950
51,000
56,500
56,000
152,700
97,200
101,000
26,000
45,000

00
00
00
00
00
00
00
00
00

15,000
50,000
50,000
50,000
135,000
90,000
100,000
25,000
40,000

00
00
00
00
00
00
00
00
00

$1,159,000 $1,249,982 50 $1,154,000 00

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

$123,251
46,690
13,000
250,000

Kate.

06
43
00
00

2i

per cent.

2|

“

H
3|

“
“

Amount.

Kate.

Amount.

Kate.

$1,166,600 00
569,000 00
376,363 50
93,000 00

4 per cent.
41
“
4à
“
4|
“

$819,801 30
45,160 00
47,296 00

5 per cent.
H
“
6

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
o th erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 476
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 516
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, 1900.........................................................................
Times for the dividends fixed by the by-laws: fourth Wednesday in
April and October.
Hate and amount of each semi-annual dividend f 2 per cent., $117,671 22 ]
during the year ending Oct. 31, 1900,.
. ( 2 per cent.,
119,281 69 1
Number of accounts opened during the year ending Oct. 31, 1900,
1,171
Number of accounts closed during the year ending Oct. 31, 1900,
. 849
Total number of open accounts Oct. 31, 1900,
.
.
.
.
12,423


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

“

$10,000 00
19.500 00
19.500 00
57,751 59
51,000 00
466,778 80
25,090 80
277,760 51

236,952 91

294

REPORT OF THE

[Pub. Doc,

Institution for Savings in Newbury port, etc. — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of same.......................................................................................6,604
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ................................................................................. 7,278
Date of examination by commissioner : December 18.


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

$9,417 89
628,739 84

662,700 92

No. 8 .]

295

SA Y IN G S B A N K CO M M ISSION ERS

IN S T IT U T IO N FOR S A V IN G S IN R O X B U R Y A N D ITS
V IC IN IT Y — BOSTON.
Incorporated Feb. 22, 1825.
J ohn D . W

Present number of corporators, 48.

President.
R o b e r t G. M o l in e u x , Treasurer.
R o b e r t G. M o l in e u x , Clerk o f the Corporation.

il l ia m s ,

Names of committee charged with the investment of its funds :
W a l t e r H . C o w in g ,
A t h e r t o n T. B r o w n ,

J o h n D. W i l l i a m s ,
C h a r l e s G. S m i t h .

Open for business every business day except Saturdays, 9
days, 9 a . m . to 12 M .

B alan ce Sh eet Oct.

to 3

p .m . ;

Satur­

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. 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, .
Cash on hand, .
.
.
.

a .m .

$750,000
1,460
145,824
2,500
1 , 1 2 0 ,0 0 0
150,000

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

00
00
25
00
00

$7,743,576 15
348,500 00
38,411 33
4,858 72

00

13,500 00
2 1 ,2 0 0 00

3,869,492 96
1,555,100 00
121,500 00
700 00
370,993 71
13,075 28
$8,135,346 20

$8,135,346 20

Cash on Deposit in Banks, amount in each : —
Boylston National Bank, Boston,
National Rockland Bank, Boston,
Second National Bank, Boston, .
.
Washington National Bank, Boston, .

.

.

$44,544
93,740
8,244
224,465

Loan on Public Funds : —
$2,000 City of Lowell, Mass., 4 s ,........................................................................ $1,460 00
Loan on Bank Stock : —
30 shares Boylston National Bank, B o s t o n , ............................................. $2,500 00


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

04
07
18
42

296

R E P O R T O F TH E

[Pub. D oc

Institution for Savings in Boxbury and its V ic in ity — Continued.
Detailed Statement o f Public Funds.

Par Value.

County of Hillsborough, N. H., 4 s ,.
City of Boston, Mass., 4s,
of Chelsea, Mass., 4s,
of Fall River, Mass., 4s, .
of Fitchburg, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 4s, .
of Medford, Mass., 4s,
of Rutland, Vt., 4s, .
of Waterbury, Conn., 4 s,.
Town of Arlington, Mass., 4s, .
of Billerica, Mass., 4s, .
of Reading, Mass., 4s, .

$40,000
156,000
50,000
16,000
100,000
25,000
160,000
35,000
50,000
25,000
45,000
29,000
19,000
$750,000

Estimated
Market Value.

$40,800
168,970
52,375
17,440
108,500
27,875
165,867
38,097
55,750
27,312
50,850
32,045
21,090

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

Amount Invested.

$40,000
156,000
50,000
16,000
100,000
25,000
160,000
35,000
50,000
25,000
45,000
29,000
19,000

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

$806,972 50 $750,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

50 Atlantic Nat’l Bank, Boston, .
60 Atlas National Bank, Boston, .
200 First National Bank, Boston, .
5 Howard Nat’l Bank, Boston, .
25 Market Nat’l Bank, Boston, .
15 N’l B’k of Commerce, Boston,
21 N’l B’k of the Republic, Boston,
37 National Eagle Bank, Boston,.
100 National Revere Bank, Boston,
173 Nat’l Rockland Bank, Boston,
257 North National Bank, Boston,
210 People’s Nat’l Bank, Boston, .
55 Second National Bank, Boston,
8 Shoe & Leather N’l B’k, Boston,
52 State National Bank, Boston, .
6
Suffolk National Bank, Boston,
37 Third National Bank, Boston,.
16 Tremont Nat’l Bank, Boston,.
510 Washington N’l Bank, Boston,


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

Par Value.

$5,000
6,000
20,000
350
2,050
1,500
2,100
74
2,300
17,300

Estimated
Market Value.

$5,750
6,000
36,000
75
500
1,650
2,940
37
500
21,279
257
24,990
9,570
976
5,564
654
3,589
160
52,530

00
00

$145,274 $173,021

00

_

21,000
5,500
800
5,200
600
3,700
800
51,000

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

00

Amount Invested.

$5,000
6,000
20,000
456
2,050
1,500
2,100
518
2,300
17,300

00
00
00
25
00
00
00
00
00
00

21,000
5,500
800
5,200
600
3,700
800
51,000

00
00
00
00
00
00
00
00

__

$145,824 25

N o. 8 .]

297

S A Y IN G S B A N K CO M M ISSIO N ERS.

Institution for Savings in Roxbury and its Vicinity

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,
Chic., Burlington & Quincy R.R. 4s,
Concord & Claremont R.R. 4£s,
Concord & Montreal R.R. 4s, .
Danbury & Norwalk R.R. 5s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3ès, .
Maine Central R.R. 4s,
Manchester & Lawrence R.R. 4s, .
Minnesota & Iowa R.R. 3£s, .
Old Colony R.R. 4 s ,.
Sullivan County R.R. 4 s ,.
Worcester, Nashua & Roch. R.R. 4s,

$25,000
105,000
100,000
100,000
50,000
75,000
25,000
150,000
100,000
100,000
25,000
50,000
50,000
100,000
25,000
50,000

Estimated
Market Value.

$27,000
111,830
125,500
110,000
56,000
82,125
30,500
154,875
103,500
101,000
26,500
54,750
50,375
112,500
27,625
56,000

Amount Invested.

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

$25,000
105,000
100,000
100,000
50,000
75,000
25,000
140,000
100,000
100,000
25,000
50,000
50,000
100,000
25,000
50,000

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

$1,130,000 $1,230,080 00 $1,120,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3<£s,

Estimated
Market Value.

Amount Invested.

$150,000 $172,500 00 $150,000 00

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

Rate.

Amount.

$370,993
12,500
5.000
5.000
14,000

71
00
00
00
00

2

per cent.

3

Q8

((

sf

“


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

Amount.

Rate.

Amount.

Rate.

$410,000 00
288,000 00
80,000 00
1,417,550 00
248,000 00

3£ per cent.
3f
“
3£
“
4
“
41

$955,200 00

4£ per cent.
4|
“
5
“
H
“
6
“

8 8 ,0 0 0 00

1,940,465 62
52,517 34
34,520 00

298

R E P O R T O F TH E

[Pub. Doc,

Institution for Savings in Roxbury and. its Vicinity — Concluded.
Amount invested in real estate for banking purposes,.....................................
$13,500
Estimated value of the s a m e , ........................................................................
55.600
Assessed value of the s a m e ,.................................................................................
55.600
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
21,200
Assessed value of the s a m e ,.................................................................................
25,100
Number of loans which are of an amount not exceeding $3,000 each, 468
819,929
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 852
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
333,507
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 1£ per cent., $107,510 88
| 253,146
during the year ending Oct. 31, 1900, .
. 1 2 per cent., 145,635 45
Number of accounts opened during the year ending Oct. 31, 1900,
2,781
Number of accounts closed during the year ending Oct. 31, 1900,
2,157
Total number of open accounts Oct. 31, 1900,
.
.
.
.
18,832
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
16,181
Amount of deposits, not including dividends, received during the 3^ear
ending Oct. 31, 1 9 0 0 ,.......................................................................................... 1,333,203
Number of s a m e , .................................................................................
20,224
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ................................................................................................... 1,344,410
Number of same.............................................................................................. 18,914
Date of examination by commissioner: May 14.


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

00
00
00
00
00
34

32

33

47
87

95

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

299

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, 24.

Joseph R oss , President.
D a n ie l Sa ff o r d , Treasurer.
D a n ie l Sa ff or d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
T homas H. L o r d ,
C h ar le s A . S a y w a r d ,
T heodore F. C o g s w e l l ,
D a n ie l Sa f f o r d ,
John A. B l a k e .

Open for business every business day, 8.30
3 to 5

a

.m .

B a l a n c e Sh e e t O c t .

p

.m .

; also Saturdays,

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

to 12.30

p .m .

$107,177
46,310
132,144
16,841
324,526
4,024

Deposits, .
Guaranty fund,
Interest account,

73
00
17
45
39
00

$665,888 32
21,665 00
4,676 58

20,700 0 0
140 00
37,785 22
2,580 94
$692,229 90

$692,229 90

Cash on Deposit in Banks, amount in each: —
Fourth National Bank, Boston, .
First National Bank, Ipswich,
.
First National Bank, Salem,
.
Merchants’ National Bank, Salem,


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

.

.

.

81,903
12,197
6,072
17,612

10
78
08
26

300

R E P O R T O F TH E

[Pub. D oc

Ip s w ic h Savin gs B a n k — Continued.
Detailed Statement o f Public Funds.

Par Value.

United States 4s,
. . .
City of Boston, Mass., 4s,
of Dubuque, Iowa, 3£s, .
of East Saginaw, Mich., 4£s, .
of Haverhill, Mass., 4s, .
of Lewiston, Me., 5s,
of Lynn, Mass., 4s, .
of Northampton, Mass., 4s,
of Saginaw, Mich., 3£s, .
of Salem, Mass., 4 s,.

$5,000
10,000
5,000
5,000
35,000
2,000
5,000
12,500
7,400
20,000
$106,900

Estimated
Market Value.

$5,125
11,250
6,718
5,125
35,662
2,215
5,362
12,625
7,418
20,982

00
00
75
00
50
00
50
00
50
50

Amount Invested.

$5,000
10,000
5,173
5,000
35,000
2,000
5,000
12,500
7,503
20,000

00
00
82
00
00
00
00
00
91
00

$112,484 75 $107,177 73

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
7
18
12
36
4
30
25
24
40
4
5
23
26
8
63
43
19
122
13
27
21

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Eliot National Bank, Boston, .
Freeman’s 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 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 National 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 Nat’l B’k, Salem, .
Salem National Bank, Salem,.


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

$1,000
420
1,800
1,200
3,600
400
3,000
2,500
2,400
4,000
400
250
2,300
2,600
800
1,890
4,300
1,900
6,100
650
2,700
2,100
$46,310

Estimated
Market Value.

$1,000
280
2,520
1,200
5,868
440
3,540
3,500
3,192
5,600
696
50
2,990
2,600
920
1,701
3,225
1,957
7,930
130
3,375
1,680

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

$54,394 00

Amount Invested.

$1,000
420
1,800
1,200
3,600
400
3,000
2,500
2,400
4,000
400
250
2,300
2,600
800
1,890
4,300
1,900
6,100
650
2,700
2,100

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

$46,310 00

No. 8 .]

301

SA V IN G S B A N K C O M M ISSION ERS.

I p s w ic h Savings B a n k — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Bennington & Rutland R.R. 4£s,
Boston & Lowell R.R. 4s,
.
,
Boston & Lowell R.R. 4ès,
Chic., Burlington & Quincy R.R. 3ès,
Concord & Montreal R.R. 4s, .
Illinois Central R.R. 3£s, .
Maine Central R.R. 4£s, .
Old Colony R.R. 4s, .

$10,000
10,000
1,000
20,000
15.000
30.000
25.000
20.000

Estimated
Market Value.

$10,800
10.300
1,025
20,600
16,500
30.300
27,750
22,900

00
00
00
00
00
00
00
00

$131,000 $140,175 00

Amount Invested.

$10,031
10,000
1,000
20,694
15.000
30,418
25.000
20.000

25
00
00
17
00
75
00
00

$132,144 17

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

Kate.

Amount.

$12,197 78
25,587 44
14,900 00

2
2è

3|

per cent.
“

Amount.

$7,150 00
400 00
140,974 00

Kate.

4 per cent.
H
“
5
“

Amount.

$16,150 00
169,816 39

Rate.

5£ per cent.
6
“

$16,841 45
Value, by books, of real estate, held or owned by foreclosure or otherwise,
20,350 00
Assessed value of the s a m e ,.................................................................................
585 04
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 320
246,190 39
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 306
1,010 65
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
32,881 43
year ending Oct. 31, 1 9 0 0 ,.................................................................................
Times for the dividends fixed by the by-laws: fourth Wednesday in
January and July.
Rate and amount of eachsemi-annual dividend f 2 per cent.,
$11,972 46 1 24,284 90
during the year ending Oct. 31,1900, .
. 1 2 per cent.,
12,312 44 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 289
Number of accounts closed during the year ending Oct. 31, 1900,
. 173
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,244
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
2,073 16
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
104,500 37
ending Oct. 31, 1900...............................................................................................
Number of s a m e , .......................................................................................... 1,706
Amount of withdrawals, including dividends, during the year ending
78,485 42
Oct. 31, 1900............................................................................................................
Number of s a m e , ...........................................................................................1,307
Date of examination by commissioner: January 16.


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

• [Pub. Doc,

R E P O R T O F TH E

302

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.
R

obert

Present number of corporators, 41.

H . T e w k s b u r y , President.
W

il l ia m

W

il l ia m

W . S p a l d i n g , Treasurer.

W . S p a l d in g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o h n R . P o or ,
L e w is G. H o l t ,

R obert H . T ew k sb u r y,
A l v in E . M a c k .

Open for business every business day, 9

a .m .

to 1 p . m . ; also Saturdays, 7 to 8 p . m .

B a l a n c e Sh e e t O c t .

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

31, 1900.

$320,000
67,542
22,580
267,000

00
00
00
00

33,000
1,102,118
108,310
77,780
1,845
6,039

00
00
00
88
01
00

$2,006,214 89

Deposits, .
Guaranty fund,
Interest account,

$1,904,512 17
52,500 OO
49,202 72

$2,006,214 89

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston, .
Arlington National Bank, Lawrence, .
Pacific National Bank, Lawrence,

$25,035 61
27,745 27
25,000 00

Loans on Bank Stock, amount on each: —
5 shares
80 shares
21 shares
150 shares
10 shares
4 shares

Pacific National Bank, Lawrence,
Methuen National Bank, Methuen, .
Bay State National Bank, Lawrence,
Arlington National Bank, Lawrence,
Lawrence National Bank, Lawrence,
Monument National Bank, Boston, .


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

$380 00
8,000 00

12,800 00
1,400 00

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

303

L a w r e n c e Savings B a n k — Continued.
Detailed Statement o f Public Funds.

Par Value.

County of Aroostook, Me., 44 s,
of Rockingham, N. H., 4s, .
City of Akron, Ohio, 5s, .
of Bay City, Mich., 4s,
of Belfast, Me., 4s, .
of Boston, Mass., 4s,
of Bridgeport, Conn., 4 s ,.
of Brockton, Mass., 34s, .
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Concord, N. H., 4s,
of Dayton, Ohio, 5 s,.
of Detroit, Mich., 4s,
of Dover, N. H., 4s, .
of Fall River, Mass., 4s, .
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 34s,
of Grand Rapids, Mich., 44s, .
of Keene, N. H., 4s, .
of Lawrence, Mass,, 3s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 44s,
of Nashua, N. H., 4s,
of New London, Conn., 4s,
of Portsmouth, N. H., 4s,.
of Quincy, Mass., 4s,
of Rockford. 111., 44s,
of Rutland, Vt., 4s, .
of Saginaw, Mich., 44s, .
of Somersworth, N. H., 4s,
of Stoneham, Mass., 4s, .
of Waltham, Mass , 4s, .
Town of Danvers, Mass , 4s, .
of Lincoln, R. I., 4s,
of Wakefield, Mass., 4s,


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

|20,000
3,000
18,000
10,000
15,000
11,000
5,000
12,000
10,000
2,000
5,000
10,000
5,000
2,000
20,000
2,000
20,000
6,000
11,000
9,000
2,000
1,000
7,000
6,000
10,000
5,000
5,000
15,000
5,000
7,000
5,000
5,000
10,000
2,000
1,000
3,000
20,000
15,000

Estimated
Market Value.

$22,400
3,315
19,170
10,400
16,575
11,890
5,550
12,082
10,350
2,210
5,625
10,150
5,575
2,120
20,650
2,200
20,600
6,540
11,562
9,000
2,050
1,020
7,875
6,199
11,300
5,425
5,625
16,075
5,573
7,455
5,040
5,175
10,475
2,250
1,125
3,000
20,250
15,200

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

Amount Invested.

$20,000
3,000
18,000
10,000
15,000
11,000
5,000
12,000
10,000
2,000
5,000
10,000
5,000
2,000
20,000
2,000
20,000
6,000
11,000
9,000
2,000
1,000
7,000
6,000
10,000
5,000
5,000
15,000
5,000
7,000
5,000
5,000
10,000
2,000
1,000
3,000
20,000
15,000

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

$320,000 $339,076 00 $320,000 00
A legal investment when made.

304

R E P O R T O F TH E

[Pub. D oc

L a w r e n c e Savings B a n k — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

20
20
55
24
16
95
15
56
20
27
54
10
103
59
54
43
20
20
10

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central National Bank, Boston,
Eliot National Bank, Boston, .
First Ward N’l Bank, Boston,.
Fourth National Bank, Boston,
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,.
National Bank of the Commonwealth, 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 Bank, Lawrence,
Lawrence N’l B’k, Lawrence, .

Estimated
Market Value.

Amount Invested.

$2,000
900
5,500
2,400
1,600
9,500
1,050
4,592
2,000
2,700

$2,000
500
6,545
3,360
2,400
10,450
225
1,120
3,260
2,970

00
00
00
00
00
00
00
00
00
00

$2,000
900
5,500
2,400
1,600
9,500
1,050
4,592
2,000
2,700

5,400

10,206
40
11,021
5,664
5,778
4,171
200
2,300
1,200

00
00
00
00
00
00
00
00
00

5,400 00
_
10,300 00
5,900 00
5,400 00
4,300 00
1,000 00
2,000 00
1,000 00

$73,410 00

$67,542 00

-

10,300
5,900
5,400
4,300
1,000
2,000
1,000
$67,542

00
00
00
00
00
00
00
00
00
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. 5 s,.
Chic., Burlington & Quincy R.R. 7s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s...............................
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central and European &
North American R.R. 4s,
New York Central R.R. 7s,
New York & New England R,R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4ès,


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

Estimated
Market Value.

Amount Invested.

$10,000
50,000
30,000
25,000
15,000
1,000
10,000
10,000
5,000
20,000
10,000

$10,250
51,950
32,250
31,625
16,125
1,085
11,050
11,000
5,575
20,300
13,450

00
00
00
00
00
00
00
00
00
00
00

$10,000
50,000
30,000
25,000
15,000
1,000
10,000
10,000
5,000
20,000
10,000

00
00
00
00
00
00
00
00
00
00
00

5,000
10,000
3,000
7,000
20,000

5,650
10,700
3,285
7,927
20,800

00
00
00
00
00

5,000
10,000
3,000
7,000
20,000

00
00
00
00
00

No. 8 .]

305

SA Y IN G S B A N K CO M M ISSION ERS.

Lawrence Savings Bank — Concluded.
Detailed, Statement o f Railroad Bonds— Concluded.
Estimated
Market Value.

Amount Invested.

$25,000

$25,250 00

$25,000 00

5,000
6,000

6,200 00
6,240 00

5,000 00
6,000 00

Par Value.

Portland & Ogdensburg R.R. 3£s, .
Portsmouth, Great Falls & Conway
R.R. 4£s...........................................
Vermont & Massachusetts R.R. 5s, .

$267,000 $290,712 00 $267,000 00

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

Amennt.

$25,035 61
52,745 27
35,000 00

Kate.

2 ner cent.
3
4i
“

Amount.

$46,000 00
999,678 00
17,380 00

Kate.

Amount.

4£ per cent.
5
5h
“

$132,450 00
1,700 00
800 00

Rate.

6
6è
7

Amount invested in real estate for banking purposes,....................................
Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 364
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 438
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annualdividend ( 2per cent.,
$31,982 80 1
during the year ending Oct. 31, 1900, .
.
12per cent.,
33,757 43 i
Number of accounts opened during the year ending Oct. 31, 1900,
1,418
Number of accounts closed during the year ending Oct. 31, 1900,
1,048
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,903
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ...........................................................................................8,965
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .......................................................................................... 4,748
Date of examination by commissioner : March 15.


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

per cent.
“

$33,000
35,000
26,875
1,045

00
00
00
83

519,460 00

88,144 15
65,740 23

5,434 93
543,316 90

414,437 04

R E P O R T O F TH E

306

[Pub. D oc

L E E S A V IN G S B A N K — L E E .
Incorporated March 5, 1852.

Present number of corporators, 52.

C. C. H o l c o m b e , President.
J o h n L. K il b o n , Treasurer.
J o h n L. K il b o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G eorge K. B a ir d ,
De W

C. C. H o l c o m b e ,
it t

S. S m i t h .

Open for business every business day except Saturdays, 9
9 a .m . to 12.30 P.M.

B

alance

Sheet O ct.

to 3

p .m .

; Saturdays,

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
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,
Cash on hand, .
.
.
.

a .m .

$28,500
141,820
3,200
185,000
77,900
12,250
300,280
164,380

00
00
00
00
00
00
00
00

1,000
325
33,660
2,538
896

00
00
74
06
50

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

$951,750 30

$887,299 72
42,000 00
22,450 58

$951,750 30

Cash on Deposit in Banks, amount in each : —
Lee National Bank, L e e , ................................................................................. $2,538 06
Pynchon National Bank, Springfield,...............................................................
15,000
Springfield National Bank, S p r i n g f i e l d ,......................................................
5,210
Hampden Loan and Trust Company, S p r in g fie ld ,....................................
2,000
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
1,450
Berkshire Loan and Trust Company, P i t t s f i e l d , ....................................
10,000
Loan on Bank Stock : —
25 shares First National Bank, Adams,
20 shares Berkshire National Bank, North Adams,


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

.

00
27
00
47
00

No. 8 .]

307

S A Y IN G S B A N K COM M ISSION ERS

Lee Sayings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

Massachusetts 3£s, .
.
.
.
City of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Springfield, Mass., 4 s,.
Town of Rockingham, Vt., 4s,

$5,000
1,000
10,000
10,000
2,500
$28,500

Estimated
Market Value.

$5,400
1,100
10,650
10,375
2,525

00
00
00
00
00

$30,050 00

Amount Invested.

$5,000
1,000
10,000
10,000
2,500

00
00
00
00
00

$28,500 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

60 First National Bank, Adams, .
40 First National Bank, Amherst,
10 Atlantic Nat’l Bank, Boston, .
30 Atlas National Bank, Boston, .
30 Continental N’l Bank, Boston,
20 Everett Nat’l Bank, Boston, .
100 First National Bank, Boston, .
60 N’l B’k of Commerce, Boston,
20 National Bank of the Com­
monwealth, Boston,
50 N’l B’k of Redemption, Boston,
30 N’l B’k of the Republic, Boston,
70 N’l Hide & Leather B’k, Boston,
26 Nat’l Webster Bank, Boston, .
20 State National Bank, Boston, .
30 Winthrop Nat’l Bank, Boston,
30 City N’l B’k, Bridgeport, Conn.,
40 Birmingham National Bank,
Derby, Conn.,
20 National Mahaiwe Bank, Great
Barrington, .
.
.
.
100 Lee National Bank, L ee,.
70 Adams Nat’l B’k, No. Adams,.
20 Agricultural N’l B’k, Pittsfield,
90 Pittsfield N’l Bank, Pittsfield,.
40 Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
40 Agawam N’l B’k, Springfield,.
30 Chicopee N’l B’k, Springfield,
20 First Nat’l Bank, Springfield,.
40 Pynchon N’l B’k, Springfield,.
30 Second N’l Bank, Springfield,


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

Par Value.

$6,000
4,000
1,000
3,000

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
00
00
00

$7,000
5,000
1,000
3,000

320
10,000
6,000

$7,500
6,000
1,150
3,000
150
20
18,000
6,600

2,000
5,000
3,000
7,000
2,600
2,000
3,000
3,000

3,780
5,900
4,200
7,490
2,496
2,140
4,500
4,800

00
00
00
00
00
00
00
00

2,000
5,000
3,000
7,000
2,600
2,000
3,000
3,000

4,000

6,800 00

-

00
00
00
00

320 00
10,000 00
6,000 00
00
00
00
00
00
00
00
00

4,000 00

2,000
10,000
7,000
2,000
9,000

2,600
16,500
8,050
4,900
13,500

00
00
00
00
00

2,500
10,150
7,000
5,250
11,000

00
00
00
00
00

4,000
4,000
3,000
2,000
4,000
3,000

5,120
2,000
4,650
2,100
5,080
3,900

00
00
00
00
00
00

4,000
4,000
4,000
2,000
4,000
3,000

00
00
00
00
00
00

308

[Pub. D oc

R E P O R T O F TH E

Lee Savings Bank— Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

30
10
50
75

Par Value.

Springfield N’l B’k, Springfield,
Third N’l Bank, Springfield, .
Springfield Safe Deposit and
Trust Co., Springfield,.
Housatonic National Bank,
Stockbri dge, .
.
.
.

Estimated
Market Value.

Amount Invested.

$3,000
1,000

$6,000 00
2,250 00

$3,400 00
2,100 00

5,000

7,500 00

7,500 00

7,500

10,875 00

8,000 00

$128,420

$179,551 00 $141,820 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Illinois Central R.R. 3 ès,.
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
New York, New Haven & Hartfoi'd
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
Western Pennsylvania R.R. 4s,

$25,000
20,000
25,000
20,000
10,000
15,000
10,000
20,000
25,000
15,000

Estimated
Market Value.

$26,500
20,500
27,625
22,000
10,000
16,800
13,450

Amount Invested.

00
00
00
00
00
00
00

$25,000
20,000
25,000
20,000
10,000
15,000
10,000

00
00
00
00
00
00
00

23,200 00
28,625 00
16,500 00

20,000 00
25,000 00
15,000 00

$185,000 $205,200 00

$185,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3às,

$70,000

Estimated
Market Value.

Amount Invested.

$80,500 00

$77,900 00

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

*1,450 47
17,210 27

Rate.

3 per cent.
3¿
“


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

Amount.

$16,000 00
395,255 00

Rate.

4 per cent.
5
“

Amount.

$72,930 00

Rate.

6 per cent.

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

309

Lee 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 of loans which are of an amount not exceeding $3,000 each, 237
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 224
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 9 0 0 ,.................................................................................
Times for the dividends fixed by the by-laws : May 31 and November 30.
Rate and amount of each semi-annual dividend f 2 per cent.,
$16,303 65 1
during the year ending Oct. 31, 1900,.
.
1 2 per cent.,
16,558 57 ->
Number of accounts opened during the year ending Oct. 31, 1900,
. 315
Number of accounts closed during the year ending Oct. 31, 1900,
. 216
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,483
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.......................................................................................... 1,841
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , .......................................................................................... 1,335
Date of examination by commissioner: September 20.


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

$12,250 00
11,010 00

212,000 00
5,100 00
44,277 39
32,862 22

4,288 72
131,317 29

131,756 82

R E P O R T O F TH E

310

[Pub. D oc

L E IC E S T E R S A V IN G S B A N K — L E IC E S T E R .
Incorporated April 17, 1869.

Present number of corporators, 33.

D e x t e r K n i g h t , President.
P a r k m a n T . D e n n y , Treasurer.
H e r b e r t E . C u r r i e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C harles A . D en ny,
A l o n zo B . D a v id s o n ,
T h e o d o r e E. W o o d c o c k ,
H e n r y L. W a t s o n ,
D e x t e r K n ig h t ,
E v e r e t t Ca r l e t o n ,
C h a n n in g S m i t h .

Open for business every business day except Saturdays, 9 a . m . to 1 f . m . ; 2 to 4 p . m . ;
Saturdays, 9 a .m . to 1 p . m .

B

alance

Sh ee t O c t .

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
( n o t e s ) ,....................................
Deposit in bank, on interest,
Expense account,
Premium account,

31, 1900.

L ia b il it ie s .

$211,400
10,400
44,190
5,830
116,000
575
222,959
32,953

00
00
65
00
00
15
46
00

45,692
18,823
356
6,045

00
40
01
52

Deposits, .
Guaranty fund,
Interest account,

$715,225 19

$672,871 19
27,527 90
14,826 10

$715,225 19

Cash on Deposit in Bank: —
Leicester National Bank, L e ic e s t e r ,................................................................$18,823 40
Loans on Public Funds, amount on each: —
$10,000 United States 4 s , ..................................................................................$10,000 00
400 00
1,000 United States 4 s , .............................................................................
Loans on Bank Stock, amount on each: —
50 shares Springfield Safe Deposit and Trust Company, Springfield,
.
12 shares Leicester National Bank, L e ic e s t e r ,..........................................
1 share Leicester National Bank, Leicester...................................................


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

$5,000 00
750 00
80 00

No. 8 .]

SA Y IN G S B A N K

CO M M ISSION ERS

311

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

Par Value.

City of Bay City, Mich., 4s,
of Cleveland, Ohio, 4s,
of Columbus, Ohio, 4s,
}f Dayton, Ohio, 4 s,.
of Kansas City, Mo., 4£s,.
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Manchester, N. H., 6s,.
of New Britain, Conn., 4s,
of Saginaw, Mich., 3£s, .
of Saginaw, Mich., 4s,
of Waltham, Mass., 4s, .
of Waterburv, Conn., 4 s,.
of Worcester, Mass., 4£s,.
Town of Braintree, Mass., 4s, .
of Clinton, Mass., 4s,
of Great Barrington, Mass., 4s,
of Holbrook, Mass., 4s, .
of Leicester, Mass., 4s, .
of No. Attleborough, Mass.,4s,
of Orange, Mass., 4s,
of Randolph. Mass., 4 s,.
of Spencer, Mass., 4s, .
of Westborough, Mass., 3£s,.

$15,000
5,000
10,000
5,000
8,000
10,000
10,000
9,000
1,000
5,000
7,400
10,000
12,000
5,000
4,000
5,000
1,000
5,000
10,000
12,000
5,000
18,000
24,000
5,000
10,000

Estimated
Market Value.

$16,400
5,050
10,600
5,125
9,120
10,250
10,750
10,080
1,035
5,275
8,027
10,850
12,840
5,100
4,240
5,600
1,110
5,600
11,050
12,865
5,625
19,375
26,520
5,425
10,600

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

Amount Invested.

$15,000
5,000
10,000
5,000
8,000
10,000
10,000
9,000
1,000
5,000
7,400
10,000
12,000
5,000
4,000
5,000
1,000
5,000
10,000
12,000
5,000
18,000
24,000
5,000
10,000

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

$211,400 $228,512 00 $211,400 00

*

Legal investments when made.

Detailed Statement o f Bank Stocks.
«HI cfi

OP
©2
to œ
Colonial Nat’i Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston,
National Bank of the Commonwealth, Boston,
50 N1] Hide & Leather B’k, Boston,
41 Nat’i Shawmut Bank, Boston,.
20 National Webster B’k, Boston,
50 State National Bank, Boston, .
92 Leicester Nat’i B’k, Leicester,
6 Millbury Nat’i B’k, Millbury,
10
10
30
20


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

Par Value.

Estimated
Market Value.

Amount Invested.

$1,500 00

3,000

$1,500 00
50 00
4,200 00

2,000
5,000
4,100
2,000
5,000
9,200
600

3,780
5,350
6,888
1,920
5,350
13,800
600

2,100
5,904
6,150
2,000
5,397
12,223
600

$1,000
-

00
00
00
00
00
00
00

-

3,610 00
00
40
00
00
50
75
00

312

K E PO R T O F TH E

[P ub. D oc

Leicester Savings B an k — Continued.

N o. o f
Shares.

Detailed Statement of Bank Stocks — Concluded.

5
28
2

P ar V a lue.

Oxford National B’k, Oxford,
Central Nat’l Bank, Worcester,
City National Bank, Worcester,

E stim ated
M a rk et V a lue.

A m ou n t In vested.

$500
2,800
200

$525 00
3,500 00
240 00

$525 00
3,900 00
280 00

$35,400

$47,703 00

$44,190 65

Detailed Statement o f Bailroad Bonds.

Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Boyer Valley R.R. 3£s, .
Chic., Burlington & Quincy R.R. 3£s,
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3ès,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s,.
Maine Central R.R. 4s,
Old Colony R.R. 4s, .
Upper Coos R.R. 4 s,.
Vermont & Massachusetts R.R. 5 s ,.

$5,000
7,000

Estimated
Market Value.

5,000
15,000

$5,500
7,260
22,900
5,450
15,150

10,000

10,200

3,000
3,000
4,000

3,420
3,060
4,120

20,000

20,000

4,000
5,000
5,000

4,220
5,725
5,400
10,400

20,000

10,000
$116,000

Amount Invested.

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

$5,000 00
7,000 00

20,000

00

5,000 00
15,000 00

10,000

00

3,000 00
3,000 00
4,000 00

20,000

00

4,000 00
5,000 00
5,000 00

10,000

00

$122,805 00 $116,000 00

Total Amount o f Loans, with Each Specified Bate o f Interest.
A m ou n t.

$18,823 40
12,500 00
49,392 00

R a te.

3 per cent.
3è
“
4
“

A m ou n t.

$37,300 00
180,557 00

R ate.

4i| per cent.
5

A m ou n t.

$4,500 00
33,585 46

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 220
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 195
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : June 1 and December 1.


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

R a te.

5£ per cent.
6

$575 15
950 00
204,092 46

32,256 45

N o. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

313

Leicester Savings B an k — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $12,579 39 | $25,433 98
during the year ending Oct. 31, 1900,.
.
1 2 per cent.,
12,854 59 )
Number of accounts opened during the year ending Oct. 31, 1900,
. 142
Number of accounts closed duringthe yearending Oct. 31, 1900,
. 104
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,413
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
1,195 86
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900, ..........................................................................................
Number of s a m e , ....................................................................................... 747
Amount of withdrawals, including dividends during the year ending

61,054 89

Oct. 3 1 , 1 9 0 0 , ...................................................................................................
Number of s a m e , ....................................................................................... ®98
Date of examination by commissioner : April 27.

64,748 48


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

314

R E P O E T O F TH E

[Pub. Doc

L E N O X S A V IN G S B A N K — L E N O X .

Incorporated April 4, 1890.

Present number of corporators, 9.

H e n r y S e d g w i c k , President.
E d w a r d M c D o n a l d , Treasurer.
M. A. B r o w n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
T h o m a s P ost ,
W . D . C u r t is ,

H e n r y Se d g w ic k ,
L . C. P e t e r s .

Open for business every business day except Saturdays, 9 a
9 a . m . to 12 M .

.m .

to 3

p

.m .

Saturdays,

B alance Sheet Oct. 31, 1900.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
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,

L ia b il it ie s .

$1,120
45,553
36,596
32,575
165,794
10,300

00
00
11
62
00
00

14,000
2,924
1,338
136

00
67
74
50

$310,338 64

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

$300,945 57
3,957 16
3,084 25
2,351 66

$310,338 64

Cash on Deposit in Banks, amount in each : —
Lenox National Bank, L e n o x , ........................................................................ f 1,338 74
Springfield National Bank, S p r in g f ie ld ,......................................................
1,384 63
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
1,540 04


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

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS

315

Lenox Savings B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

United States 4s,

.

.

.

$1,000

Estimated
Market Value.

$1,150 00

Amount Invested.

$1,120 00

Detailed Statement o f Bank Stocks.
o 03g
o2
^ 5:

Par Value.

25 Lee National Bank, L e e ,.
50 Lenox National Bank, Lenox,.
15 Palmer Nat’l Bank, Palmer, .
20 Agricultural N’l B’k, Pittsfield,
19 Pittsfield Nat’l B’k, Pittsfield,.
10 Chapin N’l Bank, Springfield,
14 Chicopee N’l B’k, Springfield,
10 City National B’k, Springfield,
9 John Hancock National Bank,
Springfield, .
.
.
.
10 Pynehon N’l B’k, Springfield, .
10 Second N’l B’k, Springfield, .
20 Springfield N’l B’k, Springfield,
25 Springfield Safe Deposit and
Trust Co., Springfield,.
24 Third N’l Bank, Springfield, .
12 Housatonic Nat’l Bank, Stockbridge, ..................................
10 Mechanics’ N’l B’k, Worcester,

Estimated
Market Value.

Amount Invested.

$2,500
5,000
1,500
2,000
1,900
1,000
1,400
1,000

$4,125
7,500
1,875
4,900
2,850
1,300
2,170
1,440

00
00
00
00
00
00
00
00

$4,189
6,320
2,300
5,005
2,980
1,550
2,424
1,550

00
00
00
00
00
00
00
00

900
1,000
1,000
2,000

945
1,270
1,300
4,000

00
00
00
00

1,170
1,475
1,550
3,000

00
00
00
00

2,500
2,400

3,750 00
5,400 00

3,750 00
5,280 00

1,200
1,000

1,740 00
1,000 00

2,010 00
1,000 00

$28,300

$45,565 00

$45,553 00

Detailed Statement o f Railroad Bonds.
Par Value.

Chic., Burlington & Quincy R.R. 3£s,
Illinois Central R.R. 3 ¿s,.


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

Estimated
Market Value.

Amount Invested.

$10,000
25,000

$10,375 00
25,437 50

$10,528 61
26,067 50

$35,000

$35,812 50

$36,596 11

316

R E P O R T O F TH E

[Pub. D oc.

Lenox Savings Bank — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3^s,

$30,000

Estimated
Market Value.

Amount Invested.

$34,500 00

$32,575 62

Total Amount o f Loans, with Each Specified Rate o f Interest.
1
Amount.

$2,924 67
14,000 00

Kate.

Amount.

3 per cent.
H
“

$135,485 00

Rate.

5 per cent.

Amount.

$40,609 00

Number of loans which are of an amount not exceeding $3,000 each,
50
Aggregate amount of the same........................................... .
Total number of loans upon real e s t a t e , ............................................. 60
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 0 ,.................................................................................
Times for the dividends fixed by the by-laws: first Tuesday in January
and July.

Rate.

6 per cent.

$54,794 00

12,226 18

Rate and amount of each semi-annual dividend | 2 per cent.,
$4,835 05
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
5,302 24 J $10,137 29
Number of accounts opened during the year ending Oct. 31, 1900,
. 162
Number of accounts closed during the year ending Oct. 31, 1900,
. 74
Total number of open accounts Oct. 31, 1900............................................. 840
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),.................................................................................
737 43
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 0 ,..........................................................................................
69,868 87
Number of s a m e , ...............................................................................................
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900..........................................................................................
Number of s a m e , ..........................................................................................407
Date of examination by commissioner: September 20.


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

39,784 93

No. 8 .]

317

SA Y IN G S B A N K CO M M ISSION ERS.

L E O M IN ST E R SA V IN G S B A N K — L E O M IN ST E R .

Incorporated March 16, 1865.

Present number of corporators, 35.

J. G . T e n n e y , President.

A . L. B u r d it t , Treasurer.

A . L . B tjrditt , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H a m il t o n M a y o ,
C l e s so n K e n n e y ,
C h a r l e s C. B o y d e n ,
D. C. N ic k e r s o n ,
A . L. B u r d it t .

Open for business every business day except Saturdays, 9
Saturdays, close at 12 m .

B a l a n c e Sh e e t O c t .

to 12

m.

; 1 to 3 p

m.

;

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loan on railroad 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,
Deposit in bank, on interest,
Cash on band, .
.
.
.

a .m .

$161,500
38,315
2,775
64,500
700

00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,

$1,447,506 53
70,000 00
16,238 27

20,000 00
808,886 06
189,400 00
204,500
310
37,037
5,821

00
00
56
18

$1,533,744 80

$1,533,744 80

Cash on Deposit in Bank: —
Leominster National Bank, L e o m in s t e r ,...................................................... $37,037 56
Loans on Bank Stock, amount on each : —
30 shares Leominster National Bank, L e o m in s t e r ,.................................... $2,275 00
25 shares Central National Bank, L y n n , ......................................................
500 00
Loan on Railroad Stock : —
5

shares Boston & Albany R.R ., .


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

318

R E P O R T O F TH E

[Pub. Doc,

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

Par Value.

County of Hampden, Mass., 3s,
City of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 4s, .
of Holyoke, Mass., 3is, .
of Lowell, Mass., 4s,
of Malden, Mass., 3^s,
of Malden, Mass., 4s,
of Manchester, N. H., 4s,
o f Marlborough, Mass., 4s,
of Meriden, Conn., 4s,
of Newton, Mass., 4s,
of Quincy, Mass., 4s,
of Woburn, Mass., 4s,
Town of Peabody, Mass., 4s, .
of Reading, Mass., 4s, .

$5,000
8,000
25,000
2,500
20,000
10,000
4,000
6,000
10,000
10,000
10,000
15,000
10,000
10,000
6,000
10,000
$161,500

Estimated
Market Value.

$5,000
8,320
28,250
2,500
20,600
10,450
4,060
6,120
11,000
10,750
10,200
17,250
10,700
10,150
6,780
10,700

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

Amount Invested.

$5,000
8,000
25,000
2,500
20,000
10,000
4,000
6,000
10,000
10,000
10,000
15,000
10,000
10,000
6,000
10,000

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

$172,830 00 $161,500 00

Mo. of
Shares.

Detailed Statement o f Bank Stocks.

3
62
15
27
20
25
10
9
20

Blackstone N’l Bank, Boston, .
Boston National Bank, Boston,
Boyiston Nat1] Bank, Boston, .
Central National Bank, Boston,
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Market Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
17 National Eagle Bank, Boston,
50 Nat’l Webster Bank, Boston, .
1 Winthrop N’l Bank, Boston, .
80 Safety Fund N’l B’k, Fitchburg,
160 Leominster N’l B’k,Leominster,
10 Crocker N’l B’k, Turner’s Falls,


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

Par Value.

$180

Estimated
Market Value.

2,500
880
900

$120
186
1,560
3,213
100
3,500
260
990

00
00
00
00
00
00
00
00

2,000
34
5,000
100
8,000
16,000
1,000

3,780
17
4,800
150
8,000
18,400
1,450

00
00
00
00
00
00
00

_

1,500
2,700
_

$40,794

$46,526 00

Amount Invested.

$135 00

_

1,500 00
2,700 00
_

2,500 00
480 00
900 00
2,000 00

__

5,000
100
6,000
16,000
1,000

00
00
00
00
00

$38,315 00

No. 8 .]

319

SA Y IN G S B A N K CO M M ISSION ERS

Leominster Savings B an k — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 7s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
New York & New England R.R. 7s,

Estimated
Market Value.

$15,000
6,000
10,000
12,000
22,000

$16,500
6,420
10,250
12,610
25,300

$65,000

$71,080 00

Amount invested.

00
00
00
00
00

$15,000
6,000
9,500
12,000
22,000

00
00
00
00
00

$64,500 00

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

Amount.

$37,037
10,000
50.000
85.000

Kate.

56
00
00
00

2 per cent.
3
“
Si
“
Si
“

Rate.

Amount.

$15,000
44,500
8,500
40,000

00
00
00
00

3£ per cent.
4
“
4|
“
H
“

Kate.

Amount.

$824,585 00
17,425 00
111,561 06

5 per cent.
5é
“
6
“

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, 1900,
Number of loans which are of an amount not exceeding $3,000 each,
60
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 472
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of eachsemi-annual dividend | 2 per cent., $24,891 52 1
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
26,216 32 J
Number of accounts opened during the year ending Oct. 31, 1900,
. 757
Number of accounts closed during the year ending Oct. 31, 1900,
. 452
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,205
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ..........................................................................................4,631
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , ..............................................................
3,111
Date of examination by commissioner: March 23.


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Federal Reserve Bank of St. Louis

$20,000 00
20,000 00

18,000 00
988 28
503,500 00

64,417 30
51,107 84

3,418 70
339,101 42

243,625 65

320

REPORT OF THE

[Pub. D oc.

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 a d l e y C. W

Present number of corporators, 31.

President.
J a m e s E. C r o n e , Treasurer.
A u g u stu s E . S c o tt , Clerk o f the Corporation.

h it c h e r ,

Names of committee charged with the investment of its funds :
L e o n a r d A . Sa v i l l e ,
L yman L aw rence,
B r a d l e y C. W h it c h e r ,

W a l t e r W e l l in g t o n ,
E d w in S. S p a u l d in g ,
G eo r g e W . S p a u l d in g .

Open for business Wednesdays, 3.30 to 6

p .m

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad bonds,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Expense account,
Premium account,
Cash on hand, .
.
.
.

. ; Saturdays, 3.30 to 7 p . m .

31, 1900.

L ia b il it ie s .

$52,000
40.000
2,000
46.000
2,000
20.000

00
00
00
00
00
00

6,557
14,598
206,175
43,425

52
20
00
00

45,000
17,226
69
1,400
3,694

00
38
25
00
16

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rents and expenses
of bank building, .

$474,667 44
20,000 00
2,667 94
2,582 50
227 63

$500,145 51

$500,145 51

Cash on Deposit in Bank : —
Fourth National Bank, Boston.............................................................................$17,226 38
Loan on Public Funds : —
$2,000 City of St. Louis, Mo., 6s,
1,000 City of New York, N. Y ., 3^8,
31.000 City of Providence, R . I., 3s, .
10.000 Massachusetts 3£s, .


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Federal Reserve Bank of St. Louis

•1
*[

•j

$40,000 00

No. 8 .]

321

S A Y IN G S B A N K COM M ISSION ERS

Lexington Savings Bank — Continued.
Loan on Bank Stock : —
15 shares Merchants National Bank, Boston,
15 shares Essex National Bank, Haverhill,

’J

$2,000 00

Loan on Railroad Bonds : —
$2,000 Eastern R .R . 6

s , ................................................................................. $2,000 00

Detailed Statement o f Public Funds.

Par Value.

Massachusetts 3s,
County of Aroostook, Me., 4£s,
City of Cleveland, Ohio, 5s,
of Concord, N. H., 4s,
of Malden, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Newton, Mass., 4s,
Town of Lexington, Mass., 4s,

$5,000
5,000
5,000
5,000
2,000
5,000
15,000
10,000
$52,000

Estimated
Market Value.

$5,075
5,500
5,150
5,650
2,150
5,350
17,700
11,000

00
00
00
00
00
00
00
00

$57,575 00

Amount Invested.

$5,000
5,000
5,000
5,000
2,000
5,000
15,000
10,000

00
00
00
00
00
00
00
00

$52,000 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,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Maine Central R.R. 4£s, .
Old Colony R.R. 4 s,.

Estimated
Market Value.

$11,000
5,000
10,000
5,000
5,000
5,000
5,000

$11,850
5,675
12,600
5,500
5,750
5,550
5,587

00
00
00
00
00
00
00

$46,000

$52,512 00

Amount Invested,

$11,000
5,000
10,000
5,000
5,000
5,000
5,000

00
00
00
00
00
00
00

$46,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,


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Federal Reserve Bank of St. Louis

$20,000

Estimated
Market Value.

Amount Invested.

$23,000 00

$20,000 00

322

R E P O R T O F TH E

[Pub. D oc

Lexington Savings Bank — Concluded.
Total Amount o f Loans, ivith Each Specified Rate o f Interest.
Rate.

Amount.

$17,226
25.000
20.000
40,000

38
00
00
00

2è per cent.
H
“
H
“
3|
“

Amount.

$10,000
5.000
9.000
13,000

00
00
00
00

Rate.

Amount.

Rate.

4 per cent.
4f
“

$100,395 00
7,500 00
108,705 00

5 per cent.
5h
“
6
“

4|

««

Amount invested in real estate for banking purposes,....................................
$6,557 52
Estimated value of the same,.................................................................................
7.500 00
Assessed value of the s a m e ,.................................................................................
7.500 00
Net income received from same during year ending Oct. 31, 1900,
273 63
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
14,598 20
Assessed value of the s a m e ,.................................................................................
19,362 00
Number of loans which are of an amount not exceeding $3,000 each, 140
Aggregate amount of the s a m e , ........................................................................
148,530 00
Total number of loans upon real e s t a t e , ............................................. 100
Amount of investments from which no income is received, .
.
.
.
9,511 04
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
21,841 17
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 1| per cent.,
$7,479 04 )
15,198 56
during the year ending Oct. 31, 1900,.
.
1 1| per cent.,
7,719 52 J
Number of accounts opened during the year ending Oct. 31, 1900,
. 189
Number of accounts closed during the year ending Oct. 31, 1900,
. 95
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,608
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
1,142 82
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
99,018 25
Number of s a m e , ................................................................................. 1,582
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
86,469 08
Number of s a m e , ................................................................................. 1,124
Date of examination by commissioner: January 3.


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S

B A N K CO M M ISSION ERS.

323

i

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.
J

ohn

A. F

aulkner

A

,

Present number of corporators, 62.

President.

u s t in

K . Ch

A

a d w ic k

,

K . Ch

u s t in

a d w ic k

,!

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A

rth ur

Sa m
A

uel

l b io n

Staples,

A

u s t in

H. T

G

eorge

C. T

h om pson,

aylor

,

W

Open for business every business day, 9

a .m

.

il l ia m

L.

H

a d w ic k

,

ooper,

F. W

il d e r

.

to 1 p . m . ; also Saturdays, 7 to 9

B a l a n c e Sh e e t O c t .

p .m

.

31, 1900.

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds,
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, .
Suspense account,
Cash on hand, .
.
.
.

K . Ch

L ia b il it ie s .

$143,075
6,500
205,000
2,000

00
00
00
00

65,000 00
1,560,221 00
607,960 50
4,160
61,314
908
1,606

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

$2,498,505 42
120,000 00
36,096 31
3,144 00

00
79
24
20

$2,657,745 73

$2,657,745 73

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston, .
Appleton National Bank, Lowell,
.
Prescott National Bank, L ow ell,....................................
Middlesex Safe Deposit and Trust Company, Lowell,


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

$3,833
12,291
30,189
15,000

73
66
40
00

324

R E P O R T O F TH E

[Pub. D oc

Low ell Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
26 shares Prescott National Bank, L ow ell,.................................................. 'I
2 shares Appleton National Bank, L o w e l l , ......................................... !
6 shares Old Boston National Bank, B o s t o n ,......................................... !"
I
1 share National Webster Bank, B o sto n ,.................................................. J
5 shares Railroad National Bank, L o w e l l , .............................................
36 shares Railroad National Bank, L o w e l l , .............................................
14 shares Merchants’ National Bank, Lowell................................................

$3,000 00
500 00
1,600 00
1,400 00

Loan on Railroad Bonds : —
$2,000 New York, New Haven & Hartford R .R . 4s....................................... $2,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

44
33
52
50
20
5
31
40
10
40
20
100
10
50
17
51
126
40
25
5
60
20
61
35
20
85
35
100
135
78
20

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Lincoln National Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B'k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
National Union Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’i B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
First National Bank, Lowell, .
Merchants’ Nat’l B’k, Lowell,.
Old Lowell Nat’l B’k, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, Lowell, .


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

Estimated
Market Value

Amount Invested.

$4,400
1,485
5,200
5,000
320
500
3,100
400
1,000
4,000

$4,400
825
5,408
7,000
20
620
3,100
120
1,630
4,400

00
00
00
00
00
00
00
00
00
00

$4,400
1,485
5,200
5,000
320
500
3,100
400
1,000
4,000

2,000
10,000
1,000
—
1,700
5,100
12,600
4,000
2,500
_
6,000
2,000
6,100
1,750
2,000
8,500
3,500
10,000
13,500
7,800
2,000

3,780
11,800
1,400
200
2,380
5,457
21,168
5,320
4,350
40
7,320
2,140
6,649
350
2,060
11,900
5,425
11,500
14,850
9,750
2,200

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

2,000 00
10,000 00
1,000 00

00
00
00
00
00
00
00
00
00
00

_

1,700
5,100
18,900
4,000
2,500

00
00
00
00
00

6,000
2,000
6,100
1,750
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

$127,455 $157,562 00 $143,075 00

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

325

Low ell Five Cents Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4¿s, .
Minnesota & Iowa R.R. 3ès, .
Norwich & Worcester R.R. 4s,

$20,000
25.000
20.000
25.000
50.000
15.000
25.000
25.000
$205,000

Estimated
Market Value.

$22,600
27.500
22,300
27,625
55.500
16,650
25.500
27,750

00
00
00
00
00
00
00
00

Amount Invested.

$20,000
25.000
20.000
25.000
50.000
15.000
25.000
25.000

00
00
00
00
00
00
00
00

$225,425 00 $205,000 00

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

$3,833
30,189
12,291
250,660

Rate.

73
40
66
00

2 per cent.

‘4

“

H
4

“
“

Amount.

$25,000
260,000
605,995
62,100

Rate.

00
00
50
00

4 j per cent.
44
“
4è
“
4|

Amount.

$918,686
6,000
24,250
43,150

Rate.

00
00
00
00

5

54
5è

6

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, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 450
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 529
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: first Saturday in January
and July.
Rate and amount of eachsemi-annualdividend | 2per cent.,
$44,805 87 1
during the year ending Oct. 31, 1900, .
( 2per cent.,
45,669 77 1
Number of accounts opened during the year ending Oct. 31, 1900,
2,870
Number of accounts closed during the year ending Oct. 31, 1900,
2,325
Total number of open accounts Oct. 31, 1900....................................
10,993
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.........................................................................................18,060
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e ,.......................................................................................... 8,304
Date of examination by commissioner: April 9.


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

per cent.

“
“
“

$65,000
65,000
56,420
109

00
00
00
98

564,056 00

110,420 23

90,475 64

8,434 78
522,226 15

468,371 07

R E P O R T O F TH E

326

[Pub. D oc

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 . St. John C

h am bbe

G

,

Present number of corporators, 50.

President.

eorge

J. Ca r

G

n ey

,

eorge

J. Ca

rn et

Treasurer.

,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G

eorge

J. Ca

G

eorge

S. M

Jam

es

W . B.

rn ey

,

J ohn J. Colton,

otley,

S

h aw

F
,

r e d e r ic k

Ch

arles

T

A.

aylo r

H

,

obso n .

Open for business every business day for deposits, 9 a . m . to 2 p . m . ; Saturdays, 7 to
9 p . m . ; for payments, Tuesdays, Thursdays, Saturdays, 9 a . m . to 2 p . m . ;
Saturdays, 7 to 9 p . m .

B a la n ce Sh e e t O ct.

L ia b il it ie s .

A ssets.

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 to counties, cities or towns
( n o te s ),....................................
Deposits in banks, on interest, .
Reconstruction account, .

31, 1900.

$142,374 00
19,100 00
20,334
2,985
2,027,349
1,588,400

06
79
41
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Suspense account, .
Real estate income
account,

$5,361,473 58
264,427 07
5,744 95
80,000 01
1,562 20

1,816,690 00
79,363 94
16,610 61
$5,713,207 81

$5,713,207 81

Cash on Deposit in Banks, amount in each: —
Merchants’ National Bank, L o w e l l , ............................................................... $4,363 94
Wamesit National Bank, L o w e l l , ...............................................................
75,000 00
Loans on Bank Stock, amount on each : —
10 shares Prescott National Bank, L ow ell,...................................................$1,000 00
93 shares Wamesit National Bank, L o w e l l , .............................................
9,000 00
10 shares Prescott National Bank, L ow ell,.................................................. ..
31 shares Railroad National Bank, L o w e l l , ............................................. j
3,500 00
44 shares First National Bank, L o w e l l , .......................................................
4,400 00
12 shares Prescott National Bank, L ow ell,......................................................
1,200 00


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

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

327

Low ell Institution for Savings — Continued.
Detailed Statement o f Bank Stocks.
Og
o

Par Value.

^ 55

142 Columbian N’l Bank, Boston, .
344 Merchants1 N’l Bank, Boston, .
174 National Eagle Bank, Boston,
161 New England N’l B’k, Boston,
473 Second National Bank, Boston,
160 First National Bank, Lowell, .
107 Merchants’ Nat’l B’k, Lowell,
171 Railroad Nat’l Bank, Lowell, .

$426
34,400
348
16,100
47,300
16,000
10,700
17,100

Estimated
Market Value.

$284
56,072
174
22,540
82,302
22,400
16,585
21,375

Amount Invested.

00
00
00
00
00
00
00
00

$426
34,400
348
16,100
47,300
16,000
10,700
17,100

00
00
00
00
00
00
00
00

$142,374 $221,732 00 $142,374 00

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

$284,363
75.000
100,000
232,250
9,000
15.000
100,000

Bate.

94
00
00
00
00
00
00

2 per cent.
2é
“
3
“
31
»
Q3

u

3h

“

Amount.

$209,850
12,000
145.000
530.000
256,100
124.000
1,145,640

Rate.

00
00
00
00
00
00
00

3£ per cent.
HI
“
3f
“
3f
3Î
«
3J
“
4
“

Amount.

$75,000
467,550
586,800
45,500
1,099,663
10,000
8,185

Rate.

00
00
00
00
61
00
80

415 per cent.
4|
«
4*
4|
“
5
«
H

6

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, 1900,
Value, by books, of other real estate, held or owned by foreclosure or
oth erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 162
Aggregate amount of the s a m e , ........................................................................
Total number of 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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November.
Rate and amount of each semi-annual dividend j 2 per cent., $98,167 71 >
during the year ending Oct. 31, 1900, .
. 1 2 per cent., 100,476 87 )
Number of accounts opened during the year ending Oct. 31, 1900,
1,756
Number of accounts closed during the year ending Oct. 31, 1900,
1,421
Total number of open accounts Oct. 31, 1900....................................
12,593


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

“

$20,334
20,334
42,350
1,432

06
06
00
98

2,985 79
1,800 00
225,482 95

221,295 35

198,644 58

328

R E P O R T O F TH E

[Pub. D oc.

Low ell Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
.......................................................................................... $13,375 12
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
781,028 00
Number of s a m e ,................................................................................. 12,683
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900...........................................................................................................
758,562 45
Number of s a m e ,................................................................................. 12,307
Date of examination by commissioner : April 12.


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

No. 8 .]

329

SA V IN G S B A N K CO M M ISSIO N ERS

L U D L O W SA V IN G S B A N K -L U D L O W .
Incorporated Feb. 23, 1888.

Present number of corporators, 38.

G e o r g e D. G r e e n , President.
G e o r g e A . B i r n i e , Treasurer.
G e o r g e A . B i r n i e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G e o r g e D. G r e e n ,
E. E . F u l l e r ,

M. H. L y o n s ,
W . S. C o l w e l l ,

A . H . H aleord.

Open for business every business day, 10 a . m . to 12 m . ; 1 to 3
and Fridays, 7.30 to 9 p . m .

B

alance

Sh ee t O c t .

.m .

; also Wednesdays

31, 1900.

L ia b il it ie s .

A ssets.

Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Insurance account,
Cash on hand, .
.
.
.

p

$1,100
3,026
73,467
20,029

00
00
75
00

2,100
13,014
65
43
7,300

00
79
00
64
59

Deposits, .
Guaranty fund,
Interest account,

$118,060 84
1,686 55
399 38

$120,146 77

$120,146 77

Cash on Deposit in Banks, amount in each : —
$5,875 99
5,849 49
1,289 31

Pynchon National Bank, Springfield, .
.
.
.
Springfield National Bank, Springfield,
Springfield Safe Deposit and Trust Company, Springfield,

No. o f
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.

$1,200 00

Amount Invested.

$1,100 00

330

R E P O R T O F TH E

[Pub. D oc

Ludlow Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Connecticut River R.R, 4s,
Fitchburg R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$1,000
2,000

$1,155 00
2,020 00

$1,000 00
2,026 00

$3,000

$3,175 00

$3,026 00

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

$1,289 31
11,725 48

Rate.

3 per cent.

3£

“

Amount.

$54,550 00
12,827 75

Rate.

5 per cent.

Amount.

$28,219 00

Rate.

6 per cent.

“

Number of loans which are of an amount not exceeding $3,000 each, 104
Aggregate amount of the s a m e , ........................................................................
$88,096 75
Total number of loans upon real e s t a t e , ............................................. 76
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
5,386 26
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.,
$1,878 90 )
3,940 53
during the year ending Oct. 31, 1900,
.
( 2 per cent.,
2,061 63 )
Number of accounts opened during the year endingOct. 31, 1900, . 226
Number of accounts closed during the year ending Oct. 31, 1900, . 184
Total number of open accounts Oct. 31, 1 9 0 0 , .................................... 733
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
842 64
Amounts of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 , ..........................................................................................
55,596 13
Number of s a m e , .......................................................................... 1,611
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
43,813 33
Number of same............................................................................................. 715
Date of examination by commissioner: January 11.


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

331

SA V IN G S B A N K CO M M ISSION ERS.

No. 8 .]

L Y N N F I V E C E N T S S A V IN G S B A N K —L Y N N .

Incorporated May 15, 1855.
R

o l l in

E.

H

President.
e n r y E. N e w

arm on

H

Present number of corporators, 66.

,

h all

,

H e n h y E. N e w h a l l , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
R

o l l in

James

E. H

S.

N

arm on

,

R

ufus

ew' h a l l

,

H

enry

Ch

arles

H. N

Open for business every business day, 9 a

ew h all

.m .

K

im b a l l

A.

P

,

evear

,

.

to 1 p . m . ; also Saturdays, 3 to 6

p .m

.

B alan ce Sh eet O ct. 3 1 , 1900.
1
L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Loan on railroad stock,
Loan on Boston Terminal Co.
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,
Tax tit le s ,....................................
Taxes paid,
.
.
.
.
Cash on hand, .
.
.
.

$98,000
851.000
135,865
7,175
162.000
628,000
25.000

00
00
97
00
00
00
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Interest on mortgages
held as collateral,.

$4,179,443 18
208,000 00
141,918 09
15 00

13.000 00
33,661
11,973
1,227,458
1,281,331
39,937
3,917
188
361
10,504

99
91
71
00
63
74
60
66
06

$4,529,376 27

$4,529,376 27

Cash on Deposit in Banks, amount in each: —
Merchants’ National Bank, Boston,
National Bank of the Republic, Boston,
National Shawmut Bank, Boston,
National City Bank, Lynn.......................................
Central National Bank, Lynn,
.
.
.
.


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

$3,269
1,123
7,151
18,392

90
52
22
99

10,000 00

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

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

333

L y n n F iv e Cents Savings B an k — Continued.
Loans on Railroad Bonds, amount on each : —
$5,000 Illinois Central R .R . 3 ¿ s , ............................................................... 1
1.000 New York & New England R .R . 6 s , ............................................. I
3.000 Portland & Rochester R.R. 4 s , ......................................................I
2.000 Fitchburg R .R . 5 s , ......................................................................... J
5.000 Milwaukee, Lake Shore & Western R .R. 6s,
.
.
.
.-i
94.000 Illinois Central R .R . 3 ^ s , ................................................................. j10.000 Fitchburg R.R. 5 s , ......................................................................... J
23.000 Chicago, Burlington & Quincy R .R. 3 J s , .................................... ]
10.000 Boston & Maine R .R . 4 J s , ...............................................................
62.000 New York, New Haven & Hartford R .R . 4s,
.
.
.j
10.000 Boston & Maine R .R. 3s,
.
.
.
.
.
.J
10.000 Illinois Central R .R . 3£s.......................................................................
59.000 Chicago, Burlington & Quincy R .R 3¿s,
.
.
.
.
.ì
6.000 Boston & Maine R .R . 3 s , ...............................................................i
25.000 Boston & Lowell R .R . 4 s , ...............................................................i
40.000 Illinois Central R .R . 4 s , ................................................................. £
18.000 Chicago, Burlington & Quincy R .R . 3 J s , .................................... >
70.000 New York, New Haven & Hartford R .R . 4s,
.
.
.?
20.000 Boston & Lowell R .R . 4 s , ............................................................... >
183,000 Illinois Central R .R . 3 ¿ s , ...........................................................

$

10,000 00

100,000 00

100,000 00

10,000 00
85.000 00
58.000 00
90.000 00
175,000 00

Loan on Railroad Stock : —
100 shares New York, New Haven & Hartford R .R .,
.
.
.
. ■)
50 shares Old Colony R . R . , ........................................................................ >■
15 shares Boston & Lowell R .R .,
................................................ J

$25,000 00

Loan on Boston Terminal Company Bonds : —
$13,000 Boston Terminal Company 3¿s,

.

.

.

.

.

.

.

$13,000 00

Detailed Statement o f Public Funds.
Par Value.

District of Columbia 7s, .
City of Chicago, 111., 4s, .
of Grand Rapids, Mich., 4s,
of Lynn, Mass., 4s, .
of Manchester, N. II., 4 s,.
of Newton, Mass., 5s,
of Peoria, 111., 4ès, .
of Rockford, 111., 4ès,
Town of Framingham, Mass., 4s,


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

.

$15,000
25,000
5,000
12,000
1,000
5,000
10,000
21,000
4,000

Estimated
Market Value.

$15,525
27,625
5,225
12,120
1,075
5,475
10,750
22,175
4,220

00
00
00
00
00
00
00
00
00

$98,000 $104,190 00

Amount Invested.

$15,000
25,000
5,000
12,000
1,000
5,000
10,000
21,000
4,000

00
00
00
00
00
00
00
00
00

$98,000 00

334

R E P O R T O F TH E

[Pub. D oc

Lynn Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

37
14
15
253
42
23
7
60
127
15
63
30
50
78
61
276

Par Value.

Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, 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,
Nat’l Shawmut Bank, Boston,
Nat’l Union Bank, Boston,
Shoe & Leather N’l B’k,Boston,
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,.
Georgetown National Bank,
Georgetown,
Central National Bank, Lynn,
First National Bank, Lynn,
National City Bank, Lynn,

Estimated
Market Value.

Amount Invested.

$2,220
1,400
1,500
25,300
4,200
2,300
700
6,000
12,700
1,500
3,150
3,000

$1,480
1,456
1,500
29,854
5,880
3,220
749
10,080
16,891
1,830
630
4,500

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

$2,220
1,400
1,252
30,000
4,200
2,957
682
9,000
15,500
1,500
3,150
3,000

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

5,000
7,800
6,100
27,600

5,000
11,700
6,710
41,400

00
00
00
00

5,000
9,613
6,850
39,539

00
97
00
50

$110,470

$142,880 00 $135,865 97

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 5s, .
New York & New England R.R. 6s,
New York & New England R.R. 7s,

$6,000
18,000
138,000
$162,000

Estimated
Market Value.

Amount Invested.

$6,090 00
19,710 00
156,285 00

$6,000 00
18,000 00
138,000 00

$182,085 00 $162,000 00

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

$11,544
28,392
482.000
100.000
345,000

Kate.

64
99
00
00
00

2 per cent.
2à
“
3i
“
3Ä
“
3|
“


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

Amount.

$150,000
780,000
160,000
200,000
535,000

Kate.

00
00
00
00
00

Amount.

3J per cent.
4
“
4t
4|
»
4è
“

$25,000
384,730
850,308
20,526
400
1

Kate.

00
00
71
00
00

4| per cent.
5
5i
“
6
»
6è
“

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

335

Lynn Five Cents Savings Bank — Concluded.
$33,661 99
Amount invested in real estate for banking purposes,
.
.
.
.
34,000 00
Estimated value of the s a m e , ........................................................................
32,100 00
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
2,126 57
Value, by books, of other real estate, held or owned by foreclosure or
11,973 91
oth erw ise,............................................................................................................
26,350 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 985
804,764 71
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , .................................... 1,033
Gross amount of interest or profits received or earned, as per books,
197,766 46
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annualdividend f 2per cent.,
$73,864 46 1
150,239 08
during the year ending Oct. 31,1900, .
.
12per cent.,
76,374 62 I
Number of accounts opened during the year ending Oct. 31, 1900,
4,038
Number of accounts closed during the year ending Oct. 31, 1900,
3,106
Total number of open accounts Oct. 31, 1900,
.
.
.
.
20,804
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
12,360 02
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
946,505 50
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , .................................................................................
28,336
Amount of withdrawals, including dividends, during the year ending
885,049 40
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ........................................................................................ 19,883
Date of examination by commissioner: March 5.


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

R E P O R T OF TH E

336

[Pub. Doc,

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.
P

h il ip

A . Ch

ase

,

W

President.
a l t e r E.

Sym

Present number of corporators, 46.

on ds,

W a l t e r E . S y m o n d s , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
P

h il ip

A . Ch

ase

,

W

Joseph B . B

Open for business every business day, 9

a

.m .

reed

to 1

p .m

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Real estate (for banking pur­
poses)..........................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Tax tit le s ,....................................
Cash on hand.................................

il l ia m

B

asset,

.

.

; also Saturdays, 2.30 to 5.30

p .m

.

31, 1900.

L ia b il it ie s .

$822,650
50.000
144,224
2,000
631,054
50.000

00
00
00
00
95
00

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

$4,597,090 34
225,000 00
207,925 58

30.000 00
1,470,556 00
1,537,853 00
186,000
101,091
418
4,168

00
29
60
08

$5,030,015 92

$5,030,015 92

Cash on Deposit in Bank : —
First National Bank, L yn n ,....................................

$101,091 29

Loan on Public Funds : —
$40,000 City of Providence, R. I., 3s, .
14,000 Town of Clinton, Mass., 3£s, .

' £

$50,000 00

Loan on Bank Stock : —
20 shares First National Bank, Lynn, .

$ 2,000 00

Loan on Railroad Bonds : —
$50,000 New York, New Haven & Hartford R.R. 4s,


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

$50,000 00

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

337

Lynn Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3ès, .
.
.
.
District of Columbia 6s, .
City of Akron, Ohio, 5s, .
of Boston, Mass., 4s.
of Boston, Mass., 6s,
of Cambridge, Mass., 4 s,.
of Cambridge, Mass., 6s, .
of Canton, Ohio, 5 s ,.
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,.
of Detroit, Mich,, 4s,
of Fitchburg, Mass., 6s, .
of Hartford, Conn., 4s,
of Haverhill, 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 Newton, Mass., 4s,
of Peoria, 111., 4£s, .
of Salem, Mass., 5 s ,.
of Somerville, Mass., 5«Js,
of Taunton. Mass., 4s,
of Youngstown, Ohio, 5s,
Town of Northbridge, Mass., 5s,
of South Abington, Mass., 4s,

Estimated
Market Value.

Amount Invested,

$100,000 $108,875 00 $100,000 00
22,500 00
23,625 00
22,500
25,000 00
25,500 00
25,000
65,000 00
71,250 00
65,000
6,000 00
6,510 00
6,000
30,000 00
32,800 00
30,000
10,000 00
10,970 00
10,000
5,000 00
5,250 00
5,000
50,000 00
55,250 00
50,000
10,000 00*
10,250 00
10,000
25,000 00*
25,625 00
25,000
45,000 00
50,625 00
45,000
79,000 00
88,480 00
79,000
25,000 00
27,875 00
25,000
35,000 00
35,262 50
35,000
10,000 00
10,250 00
10,000
137,150 00
144,279 87
137,150
20,000 00
22,600 00
20,000
20,000 00
21,650 00
20,000
5,000 00
5,350 00
5,000
10,000 00
10,350 00
10,000
10,000 00
10,830 00
10,000
20,000 00
21,450 00
20,000
2,000 00
2,120 00
2,000
10,000 00
11,150 00
10,000
28,000 00
29,960 00
28,000
4,000 00
4,060 00
4,000
9,000 00
9,160 00
9,000
5,000 00
5,425 00
5,000
$822,650 $886,782 37 $822,650 00

*

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

58
36
54
25
10
25
118

Par Value.

Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston, .
Everett Nat’l Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,.
N’l B’k of the Republic, Boston,


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

$5,800
2,160
864
2,500
1,000
2,500
11,800

Estimated
Market Value.

$6,670
1,440
54
4,500
1,000
2,500
16,520

00
00
00
00
00
00
00

Amount Invested.

$5,800
2,160
864
2,500
1,()00
2,500
11,800

00
00
00
00
00
00
00

[Pub. D oc

R E PO R T OF TH E

338

Lynn Institution for Savings — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

55
50
100
78
92
59
75
20
15
200
200
213

Par Value.

Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,
National Shawmut B’k, Boston,
National Union Bank, Boston,
New England N’l B’k, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Winthrop Nat’l Bank, Boston,
Central National Bank, Lynn,
First National Bank, Lynn,
National City Bank, Lynn,

$5,500
5,000
10,000
7,800
9,200
5,900
7,500
-

1,500
20,000
20,000
21,300

Estimated
Market Value.

$7,700
5,350
12,300
13,104
12,236
8,260
13,050
160
2,250
30,000
22,000
31,950

Amount Invested.

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

$5,500 00
5,000 00
10,000 00
11,700 00
9,200 00
5,900 00
7,500 00
1,500 00
20,000 00
20,000 00
21,300 00

$140,324 $19,1,044 00 $144,224 00

Detailed Statement of Railroad Bonds.

Par Value.

Albany & Susquehanna R.R. 7s, .
Boston & Albany R.R. 5s, .
Boston & Maine R.R. 4¿s,
Boston & Providence R.R. 4s,
Burlington & Missouri River R.R.
6 s , ...........................................
Boston, Concord & Montreal R.R.
6 s , ...........................................
Chicago, Burlington & Quincy
R.R. 3 ¿ s , ..................................
Chicago, Burlington & Quincy
R.R. 4 s , ..................................
Chicago & Northwestern R.R. 7s,
Concord & Montreal R.R. 4s,
Eastern R.R. 6s, .
Fitchburg R.R. 5s,
. . .
Maine Central R.R. 7s, .
Milwaukee, Lake Shore & West­
ern R.R. 6s,
. . .
New Haven & Northampton R.R.
6 s , ...........................................
New York & New England R.R.
6s,
.
.
.
•
•
■
New York & New England R.R.
7s..................................................


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

$25,000
10,000
25,000
20,000

00
00
00
00

Estimated
Market Value.

$29,000
10,250
31,625
21,800

00
00
00
00

Amount Invested.

$25,000
10,000
25,000
20,000

00
00
00
00

25,000 00

30,000 00

25,000 00

46,000 00

56,580 00

46,000 00

25,000 00

25,500 00

25,000 00

75,000
20,000
35,000
78,054
25,000
43,000

81,500
28,000
38,500
88,982
26,125
57,835

75,000
20,000
35,000
78,054
25,000
43,000

00
00
00
95
00
00

00
00
00
00
00
00

00
00
00
95
00
00

25,000 00

34,000 00

25,000 00

11,000 00

13,200 00

11,000 00

25,000 00

27,375 00

25,000 00

75,000 00

84,937 50

75,000 00

No. 8 .]

339

S A Y IN G S B A N K COM M ISSIONERS

Lynn Institution for Savings — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Old Colony R.R. 4£s, .
Portsmouth, Great Falls and Conway R.R. 4£s, .
.
.
.
Troy & Boston R.R. 7s,
Winona & St. Peters R.R. 7s,

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000 00

$10,400 00

$10,000 00

5,000 00
10,000 00
18,000 00

6,200 00
15,400 00
25,020 00

5,000 00
10,000 00
18,000 00

$631,054 95 $742,229 50 $631,054 95

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

$101,091
10,000
25.000
218,000
218,000
25.000

Rate.

29
00
00
00
00
00

2^ per cent.
Si

31
3d
31
3|

“
«
«

Amount.

$450,000
25.000
340,000
50.000
426,050
25.000

Rate.

00
00
00
00
00
00

4 per cent.
4|
“
41
“
4§
“
4|
“
41
“

Amount.

$61,500
933,572
391,225
97,162
900

Rate.

00
00
00
00
00

4f per cent.
5
5h
6
“

7

Amount invested in real estate for banking purposes,....................................
$30,000 00
50.000 00
Estimated value of the s a m e , ........................................................................
30.000 00
Assessed value of the s a m e ,.................................................................................
2,250 00
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 421
Aggregate amount of the s a m e , ........................................................................
621,276 00
Total number of loans upon real e s t a t e , ............................................. 539
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
230,218 64
Times for the dividends fixed by the by-laws: May 1 and November 1.
Rate and amount of each semi-annual dividend ( 2 per cent.,
$83,896 86 ) 169,728 81
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
85,831 95 i
Number of accounts opened during the year ending Oct. 31, 1900,
1,858
Number of accounts closed during the year ending Oct. 31, 1900,
1,255
Total number of open accounts Oct. 31, 1900,
.
.
.
.
12,459
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
11,984 61
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
688,644 00
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ................................................................................. 12,127
Amount of withdrawals, including dividends, during the year ending
681,133 67
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of same...................................................................................... 10,866
Date of examination by commissioner: June 8.


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

340

R E P O R T O F TH E

[Pub. D oc.

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.

Present number of corporators, 41.

J a m e s P i e r c e , President.
F r a n c is A . S h o v e , Treasurer.
F r a n c is A. S h o v e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Jam es P ie r c e ,
A bram G. H il l ,
E v e r e t t J. S t e v e n s ,

John P . H olden,
F r a n k F . S il l im a n ,
W i l l i a m G. A . T u r n e r .

Open for business every business day, 8.30 a . m . to 1 p . m . ; also Saturdays, for deposits,
7 to 8.30 p . m .

B a l a n c e Sh e e t O c t.

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$ 2 8 2 ,6 5 0
600
4 2 ,1 5 0
1 4 8 ,0 0 0
6 0 ,0 0 0
1 0 ,4 9 2
1 ,7 5 9 ,3 8 4
1 ,0 4 8 ,7 0 0

00
00
00
00
00
73
00
00

2 0 5 ,2 5 0
1 0 5 ,7 4 5
717
2 ,2 0 0

00
18
87
05

$ 3 ,6 6 5 ,8 8 9 83

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

$ 3 , 4 4 1 ,6 0 9 16
1 1 0 ,0 0 0 0 0
6 ,8 6 5 18
1 0 7 ,4 1 5 4 9

$ 3 ,6 6 5 ,8 8 9 83

Cash on Deposit in Banks, amount in each : —
Freeman’s National Bank, B o s t o n , ............................................................... $31,971 75
Lawrence National Bank, Lawrence,...............................................................
25,000 00
First National Bank, M a l d e n , ........................................................................
48,773 43
Loan on Public Funds: —
$1,000 City of Holyoke, Mass., 4s,


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

341

Malden Savings Bank — Continued.
Detailed Statement o f Public Funds.
1
Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 3is,
of Brockton, Mass., 3is, .
of Brockton, Mass., 4s,
of Burlington, Vt., 4s,
of Cambridge, Mass., 3¿s,
of Canton, Ohio, 3£s,
of Eastport, Me., 4s,
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4is,
of Malden, Mass., 3|-s,
of Malden, Mass., 4s,
of Newton, Mass., 5s,
of Quincy, Mass., 3¿s,
of Quincy, Mass., 4s,
of Saginaw, Mich., 4s,
Town of Boothbay, Me., 4s,
of Bourne, Mass., 4s,
of Burrillville, R. I., 4s,
of Clinton, Mass., 4s,
of Ipswich, Mass., 4s, .
of Leicester, Mass., 4s, .
of Needham, Mass., 4s, .
of Old Orchard, Me., 4s,
of Orange, Mass., 4s,
of Sharon, Mass., 4s,
of Ware, Mass., 4s,
of Winchester, N. H., 4s,

.

$5,000
1,000
22,750
6,000
1,000
25,000
4,500
10,000
6,000
2,000
11,000
100,000
5,000
10,000
9,000
7,000
1,000
6,400
15,000
3,000
10,000
4,000
1,000
10,000
1,000
4,000
1,000
1,000

Estimated
Market Value.

$5,375
1,047
23,093
6,175
1,110
25,562
4,567
10,900
7,882
2,250
11,027
105,150
5,462
10,443
9,240
7,700
1,080
6,470
16,075
3,247
11,350
4,080
1,026
10,800
1,025
4,342
1,000
1,045

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

$282,650 $298,528 75

*

Amount Invested.

$5,000
1,000
22,750
6,000
1,000
25,000
4,500
10,000
6,000
2,000
11,000
100,000
5,000
10,000
9,000
7,000
1,000
6,400
15,000
3,000
10,000
4,000
1,000
10,000
1,000
4,000
1,000
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
00*
00
00
00
00

$282,650 00

A legal investment when made.

No. o f 1
Shares. 1

Detailed Statement o f B ank Stocks.

23
20
15
15
30
13
55
73

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas 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 Redemption, Boston,
Nat’l Exchange Bank, Boston,


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

$2,300
2,000
1,500
1,500
3,000
1,300
5,500
7,300

Estimated
Market Value.

$2,645
2,000
2,700
1,500
4,890
1,430
6,490
10,220

00
00
00
00
00
00
00
00

Amount Invested.

$2,300
2,000
1,500
1,500
3,000
1,300
5,500
7,300

00
00
00
00
00
00
00
00

342

R E P O R T O F TH E

[Pub. D oc.

M a ld en Savin gs B a n k —-Continued.
Detailed Statement o f Bank Stocks — Concluded.
V. «j
o a»

25
20
5
10
16
47
5
68

Estimated
Market Value.

Nat’l Hamilton Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,
Old Boston N’l Bank, Boston,
Shawmut N’l Bank, Boston, .
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, Malden, .

$2,500
2,000
500
1,000
—

4,700
250
6,800
$42,150

$2,300
2,140
615
1,000
128
5,029
50
10,744

00
00
00
00
00
00
00
00

$53,881 00

$2,500
2,000
500
1,000

00
00
00
00

4,700 00
250 00
6,800 00
$42,150 00

Detailed Statement o f Railroad Bonds.
Par Value.

Beech Creek R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R R. 4s, .
Chicago & Northwestern R.R. 3¿s, .
Concord & Claremont R.R. 4¿s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
New York & New England R.R. 6s,
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway R.R. 4¿s,
.
.
.
.
St. Johnsbury & Lake Champlain
R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$27,000
14,000
3,000
10,000
10,000
25,000
3,000
11,000
10,000
10,000

$29,700* 00
14,965 00
3,405 00
10,100 00
11,200 00
27,500 00
3,135 00
11,673 75
10,900 00
11,175 00

15,000

18,600 00

15,000 00

10,000

13,000 00

10,000 00

$148,000

$27,000
14,000
3,000
10,000
10,000
25,000
3,000
11,000
10,000
10,000

00
00
00
00
00
00
00
00
00
00

$165,353 75 $148,000 00

Boston Terminal Company Bonds.
Estimated
Market Value.

Boston Terminal Company 3¿s,


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

$60,000

$69,000 00

$60,000 00

No. 8 .]

343

SA Y IN G S B A N K CO M M ISSION ERS.

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

Rate.

Amount.

$80,745
25.000
25.000
228,000
120,000

18
00
00
00
00

2 per cent.
3
“
3è
•¿1

0

“

Rate.

Amount.

$347,750
25.000
14.000
60.000
353,500

00
00
00
00
00

4 per cent.
4|
“
“
4»
“
H
“

Rate.

Amount.

$10,500
1,106,228
234,925
489,031

00
00
00
00

4f per cent.
5
“
5è
“
6
“

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$10,492 73
Assessed value of the s a m e ,.................................................................................
11,950 00
Number of loans which are of an amount not exceeding $3,000 each, 749
Aggregate amount of the same.............................................................................. 1,029,699 00
Total number of loans upon real estate.......................................................884
Amount of investments from which no income is received,.
.
.
.
5,500 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
166,868 16
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., $61,346 85 1 125,286 29
during the year ending Oct. 31, 1900,.
.
1 2 per cent., 63,939 441
Number of accounts opened during the year ending Oct. 31, 1900,
1,791
Number of accounts closed during the year ending Oct. 31, 1900,
1,128
Total number of open accounts Oct. 31, 1900,
.
.
.
.
11,133
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
8,515 88
clusive of taxes),
.........................................................................................
Amount of deposits, not including dividends, received during the year
752,418 56
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,................................................................................. 14,921
Amount of withdrawals, including dividends, during the year ending
659,072 35
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e ,.................................................................................11,239
Date of examination by commissioner : May 18.


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Federal Reserve Bank of St. Louis

344

[Pub. D oc.

R E P O R T O F TH E

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.

Present number of corporators, 52.

N a t h a n P . S a n b o r n , President.
W i l l i a m G i l l e y , Treasurer.
J o h n G . B r o u g h t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
N ath an P . Sa n bo rn ,
R o b e r t C. B r i d g e ,
W il l ia m R ey n o l d s,
H e n r y A. P o t t e r ,
W i l l i a m L. H o o p e r .

Open for business every business day, 9

a .m .

to 12 m .

B a l a n c e S h e e t O c t . 31 , 1900 .

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Real estate expenses and taxes,
Cash on hand, .
.
.
.

$43,084
42,524
7,000
67,038
29,585
181,907
179,290
12,813
628
2,028
1,961

89
55
00
33
15
91
95
02
61
75
66

$537,394 29
19,816 87
9,888 61

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

12 00
752 05

$567,863 82

$567,863 82

Cash on Deposit in Bank: —
Marblehead National Bank, M arblehead,...................................................... $12,813 02
Loan on Bank Stock: —
73J shares Martha’s Vineyard National Bank, Edgartown,


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

.

.

.

$7,000 00

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

345

M a rb le h e a d Savings B a n k - - Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

County of Aroostook, Me., 4£s,
City of Indianapolis, Ind., 4s, .
of Portsmouth, N. H., 4s,.
Town of Marblehead, Mass., 4s,

$10,000
10,000
10,000
13,000

$11,100
11,200
10,400
13,583

$43,000

$46,283 75

00
00
00
75

$10,000
10,000
10,000
13,084

00
00
00
89

$43,084 89

Detailed Statement o f Bank Stocks.
O
<2
.

20
31
25
25
20
19
29
24
32
25
21
58
8
54
38

Estimated
Market Value.

Blackstone N’l Bank, Boston,
Boylston Nat’l Bank, Boston, ,
Continental N’l Bank, Boston,
Merchants’ N’l Bank, Boston, .
Mt. Vernon Nat’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,
N’l Hide & Leather B’k, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Marblehead N’l Bank, Marblehead, ..................................
N’l Grand Bank, Marblehead,

$900
3,100

A.mount Invested*

2,500
2,000
1,900
2,900
2,400
3,200
_
2,100
5,800
800

$500
3,224
125
4,075
2,000
2,090
3,422
3,360
3,424
200
2,562
6,206
1,200

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

2,100 00
6,300 45
800 00

5,400
3,800

4,320 00
4,370 00

5,935 75
4,639 15

$36,800

$41,078 00

$42,524 55

-

$475 00
3,839 50
_
3,331 25
2,505 20
2,440 00
3,342 25
3,072 00
3,744 00
-

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s,.
Maine Central R.R. 4£s, .
Upper Coos R.R. 4s,
. . .
St, Johnsbury & Lake Champlain
R.R. 5 s,...........................................


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

$10,000
19,000
8,000
10,000
5,000

Estimated
Market Value.

$10,400
20,512
8,080
11,125
5,200

00
50
00
00
00

Amount Invested.

$10,000
19,000
7,038
10,000
5,000

00
00
33
00
00

15,000

19,650 00

16,000 00

$67,000

$74,967 50

$67,038 33

R E P O R T O F TH E

346

[Pub. D oc.

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

Amount.

$12,813 02
100,966 02

Bate.

2 per cent.
44
“

Amount.

$20,000 00
132,056 93

Kate.

4| per cent.
5
“

Amount.

$15,100 00
100,075 91

Kate.

54 per cent.
6

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$29,585 15
Assessed value of the same.....................................................................................
35,100 00
Number of loans which are of an amount not exceeding $3,000 each, 117
Aggregate amount of the s a m e , ........................................................................
108,315 93
Total number of loans upon real e s t a t e , ............................................. 124
Gross amount of interest or profits received or earned, as per books,
23,244 02
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : May 1 and November 1.
Rate and amount of each semi-annual dividend f 1 per cent.,
$5,219 66 1
15,532 54
during the year ending Oct. 31, 1900, .
.
1 2 per cent.,
10,312 88 )
Number of accounts opened during the year ending Oct. 31, 1900,
. 206
Number of accounts closed during the year ending Oct. 31, 1900,
. 237
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,221
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
1,280 36
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900..............................................................................................
67,500 84
Number of same................................................................................................1,266
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
107,724 31
Number of s a m e , .......................................................................................... 1,503
Date of examination by commissioner: August 30.


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

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

347

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, I860.

Present number of corporators, 108.
C h a r l e s F. H o l y o k e , Treasurer.

L o r im a n S. B r i g h a m , President.

C h a r l e s F. H o l y o k e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W in s l o w M. W a r r e n ,
L o r im a n S. B r i g h a m ,
B e n j a m in F. G r e e l e y ,
W i l l ia m D. B u r d e t t ,
W i l l ia m L . M o r s e .
✓

Open for business every business day, except Saturdays, 9
Saturdays, 9 a .m . to 12 m .

B a l a n c e Sh e e t O c t .

to 12

m.

; 2 to 4

e .m .

;

31, 1900.
L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. 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,
Tax account,
.
.
.
.
Cash on hand, .
.
.
.

a .m .

$423,800
154,777
232,000
153,625

00
00
00
00

56,000
77,283
906,955
44,265

00
52
00
00

4,000
15,532
5,766
2,057
3,431

00
10
41
39
67

$2,079,493 09

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

$1,932,232 65
92,800 90
19,498 96
34,960 58

$2,079,493 09

Cash on Deposit in Banks, amount in each : —
First National Bank, M a r lb o r o u g h ,............................................................... $14,824 64
People’s National Bank, M a r l b o r o u g h , ......................................................
707 46


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

348

R E P O R T O F TH E

[Pub. D oc.

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

Par Value.

County of Middlesex, Mass., 4s,
City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Brockton, Mass., 4s,
of Cambridge, Mass, 4s, .
of Cambridge, Mass., 6 s ,.
of Chelsea, Mass., 4s,
of Chicopee, Mass., 4s,
of Detroit, Mich., 4s,
of Fitchburg, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Keene, N, H., 4s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 5s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Pawtucket, R. I., 4s, .
of Quincy, Mass., 4s,
o f Waterbury, Conn., 4 s ,.
of Woburn, Mass., 4s,
of Worcester, Mass., 3£s,.
of Worcester, Mass., 4s, .
Town of Arlington, Mass., 4 s,.
of Athol, Mass., 4s,
of Attleborough, Mass., 4s, .
of Clinton, Mass., 4s,
of Gt. Barrington, Mass , 4 s,.
of Leominster, Mass., 4s,
of Melrose, Mass., 4s, .
of Peabody, Mass., 4s, .
of Wakefield, Mass., 4s,
of Wellesley, Mass., 4s,
of Weymouth, Mass., 4s,
of Winchester, Mass., 4s,


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

$20,000
25,000
11,000
15,000
7,000
1,000
10,000
15,000
5,000
20,000
10,000
20,000
5,000
20,000
7,000
12,000
10,000
22,000
5,000
10,000
18,000
2,000
3,000
1,800
5,000
10,000
5,000
5,000
17,000
5,000
10,000
9,000
5,000
15,000
10,000
15,000
10,000
5,000
8,000
15,000

Estimated
Market Value.

$20,280
27,550
11,770
16,950
7,720
1,070
10,350
16,620
5,550
22,600
10,300
21,525
5,225
21,875
8,610
12,030
10,875
23,650
5,500
11,500
20,285
2,180
3,165
1,800
5,500
10,180
5,050
5,650
19,260
5,650
10,950
9,725
5,600
17,100
11,300
16,950
10,660
5,250
8,895
15,850

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
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.

$20,000
25,000
11,000
15,000
7,000
1,000
10,000
15,000
5,000
20,000
10,000
20,000
5,000
20,000
7,000
12,000
10,000
22,000
5,000
10,000
18,000
2,000
3,000
1,800
5,000
10,000
5,000
5,000
17,000
5,000
10,000
9,000
5,000
15,000
10,000
15,000
10,000
5,000
8,000
15,000

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

$423,800 $462,550 00 $423,800 00
* A legal investment when made.

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS

349

Marlborough Savings Bank — Continued.
Detailed Statement of Bank Stocks.

Par Value.

£J
15
80
33
12
37
94
45
62
70
12
25
70
5
50
20
15
42
150
50
75
20
100
25
50
60
50
72
33
142
52
30
15
30
97
100
14
16

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston, .
Boylston Nat’l Bank, Boston, .
Central 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,
Manufacturers’ N’l B’k, Boston,
Mechanics’ N’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
Mt. Yernon Nat’l B’k, Boston,.
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N ’1 B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston, .
National Union Bank, Boston,
National Webster B’k, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
First National Bank, Clinton, .
First National Bank, Lynn,
First Nat’l Bank, Marlborough,
People’s N’l B’k, Marlborough,
Newton Nat’l Bank, Newton, .
City Nat’l Bank, Worcester, .
•


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

$1,500
8,000
1,485
1,200
3,700
_
4,500
992
7,000
1,200
2,500
_
500
5,000
2,000
1,500
4,200
15,000

_

7,500
2,000
10,000
2,500
5,000
_
5,000
7,200
3,300
14,200
2,600
3,000
1,500
3,000
9,700
10,000
1,400
1,600
$149,777

Estimated
Market Value.

$1,725 00
8,000 00
825 00
1,248 00
4,403 00
470 00
6,300 00
62 00
8,680 00
1,320 00
2,500 00
210 00
600 00
8,150 00
2,000 00
1,650 00
4,956 00
21,000 00
200 00
10,500 00
2,140 00
16,800 00
3,325 00
4,800 00
480 00
6,100 00
7,704 00
3,597 00
13,774 00
520 00
4,500 00
1,875 00
3,300 00
10,864 00
11,500 00
1,260 00
1,920 00

Amount Invested.

$1,500
8,000
1,485
1,200
3,700

00
00
00
00
00

4,500
992
7,000
1,200
2,500

00
00
00
00
00

500 00
5,000 00
2,000 00
1,500 00
4,200 00
15,000 00
_
7,500 00
2,000 00
15,000 00
2,500 00
5,000 00
5,000
7,200
3,300
14,200
2,600
3,000
1,500
3,000
9,700
10,000
1,400
1,600

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

$179,258 00 $154,777 00

[Pub. D oc

R E P O R T O F TH E

350

Marlborough 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 & Providence R R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3 ès,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4£s, .
Old Colony R.R. 4 s ,.
Old Colony R.R. 4£s,
Providence & Worcester R.R. 4s, .
Upper Coos R.R. 4ès,
Worcester, Nashua & Roch. R.R. 4s,

■

$20,000
15,000
15,000
5,000
10,000
20,000
25,000
20,000
5,000
45,000
11,000
20,000
11,000
10,000

Estimated
Market Value.

$21,600
15,500
17,250
5,450
10,900
22,400
25,125
22,200
5,500
51,525
11,345
23,200
12,540
11,100

Amount Invested.

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

$20,000
15,000
15,000
5,000
10,000
20,000
25,000
20,000
5,000
45,000
11,000
20,000
11,000
10,000

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

$232,000 $255,635 00 $232,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3ès,

Estimated
Market Value.

Amount Invested.

$150,000 $172,500 00 $153,625 00

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

Kate.

Amount.

Kate.

2 per cent.
2i
“
4
“

$111,500 00
233,608 00

4£ per cent.
5
“

Amount.

$707 46
14,824 64
177,500 00


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

Amount.

$10,815 00
421,797 00

Rate.

5£ per cent.
6
“

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

351

Marlborough Savings Bank — 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 ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,...........................................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 552
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 604
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: third Wednesday in January
and July.
Rate and amount of each semi-annual dividend f If per cent., $33,247 26 ?
during the year ending Oct. 31, 1900, .
I If per cent.,
33,355 83 >
Number of accounts opened during the year ending Oct. 31, 1900,
. 643
Number of accounts closed during the year ending Oct. 31, 1900,
. 661
Total number of open accounts Oct. 31, 1900,
.
.
.
.
5,704
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.................................................................................3,925
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .................................................................................3,822
Date of examination by commissioner: February 20.


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

$56,000 00
56,000 00
41,065 00
77,283 52
78,930 00
141 10
488,175 00

91,348 85

66*603 09

7,688 78
260,069 00

356,958 11

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

No. 8 .]

SA Y IN G S B A N K

CO M M ISSION ERS.

353

Mechanics’ Savings Bank, Holyoke — Continued.
Loans on Bank Stock, amount on each : —
$440 00
800 00

5 shares Home National Bank, H o ly ok e,....................................
12 shares Agawam National Bank, Springfield, .
.
.
.
10 shares Park National Bank, H o ly o k e ,................................
5 shares Holyoke National Bank, Holyoke,
.
.
.
.
50 shares Home National Bank, H olyoke,....................................
5 shares First National Bank, Springfield,
.
.
.
.
40 shares Chicopee National Bank, Springfield, .
.
.
.
72 shares Third National Bank, Springfield....................................
25 shares Springfield Safe Deposit and Trust Company, Springfield,

1,000 00
500 00
J

5,000 00

I

10,800 00
2,500 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

22
331
150
3
50
20
50

Par Value.

Shoe & Leather N’l B’k, Boston,
City National Bank, Holyoke,.
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Home Nat’l Bank, Holyoke, .
First Nat’l Bank, Springfield, .
Third Nat’l Bank, Springfield,

$2,200
33,100
15,000
300
5,000
2,000
5,000
$62,600

Estimated
Market Value.

$2,684
39,720
18,750
435
5,750
2,100
11,250

Amount Invested.

00
00
00
00
00
00
00

$80,689 00

$2,500
36,540
22,990
348
5,500
2,580
8,500

50
00
50
00
00
00
00

$78,959 00

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

Amount.

$60,674 68
95,000 00

Kate.

3 per cent.
3h
“

Amount.

$20,000 00
35,000 00

Rate.

Amount.

4 per cent.
4h
“

$1,236,555 50
2,475 00

Rate.

5 per cent.
6

$25,025 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
22,620 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 320
414,775 50
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,
66,687 15
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: second Monday in May
and November.
Rate and amount of each semi-annual dividend 1 2 per cent.,
$25,044 89 | 50,967 92
during the year ending Oct. 31, 1900,.
.
1 2 per cent.,
25,923 03 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 724
Number of accounts closed during the year ending Oct. 31, 1900,
. 462
Total number of open accounts Oct. 31, 1900,
.
.
.
.
3,403


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

354

R E P O R T O F TH E

[Pub. D oc.

Mechanics’ Savings Bank, H o ly o k e — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),...................................................................................................$6,106 61
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
356,407 82
Number of s a m e , .................................................................................4,984
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
279,893 32
Number of s a m e , .................................................................................2,987
Date of examination by commissioner : September 7.


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Federal Reserve Bank of St. Louis

N o. 8 .]

355

S A Y IN G S B A N K CO M M ISSION ERS

M E C H A N IC S ’ S A V IN G S B A N K — L O W E L L .

Incorporated March 1, 1861.

Present number of corporators, 51.

C h a r l e s L. H i l d r e t h , President.
C h a r l e s C. H u t c h in s o n , Treasurer, j
C h a r l e s C . H u t c h in s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J acob R o g e r s ,
C h a r l e s C . H u t c h in s o n ,

Open for business every business day, 9

Cl a r e n c e H . N elso n ,
J ohn D a v i s .

a .m .

to 1 p . m . ; also Saturdays, 7 to 9

B a l a n c e Sh e e t O c t .

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,
Tax account,
.
.
.
.
Interest account,
Cash on hand, .
.
.
.

p .m .

31, 1900.

L ia b il it ie s .

$209,000
217,050
30,500
205,000

00
67
00
00

79,000
8,175
1,251,499
705,042
49,436
3,110
1,149
3,655
8,843

00
00
04
14
90
65
80
62
93

$2,771,463 75

Deposits, .
Guaranty fund,
Rents,
Suspense account,

.

$2,607,781
128,500
22,729
12,453

01
00
01
73

$2,771,463 75

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston, .
Old Lowell National Bank, Lowell,
Railroad National Bank, Lowell,
Wamesit National Bank, Lowell,

$496
5,000
28,940
15,000

90
00
00
00

Loans on Bank Stock, amount on each: —
55
100
160
30

shares
shares
shares
shares

Railroad National Bank, L o w e l l , .............................................$5,500 00
Railroad National Bank, L o w e l l , ............................................. .
National Hide and Leather Bank, Boston,
.
.
.
.1
25,000 00
Old Boston National Bank, B o s to n ,............................................. J


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Federal Reserve Bank of St. Louis

356

R E P O R T O F TH E

[Pub. D oc.

Mechanics’ Savings Bank, Lowell — Continued.
Detailed, Statement o f Public Funds.
Estimated
Market 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. I., 4s, .
of Waltham, Mass., 4s, .
of Waterbury, Conn., 4 s ,.
Town of Arlington, Mass., 4s,.

$30,000
10,000
16,000
10,000
20,000
38,000
10,000
20,000
10,000
25,000
20,000

$32,850
11,200
17,920
10,700
22,550
39,710
10,750
22,600
10,900
27,687
21,800

00
00
00
00
00
00
00
00
00
50
00

$30,000
10,000
16,000
10,000
20,000
38,000
10,000
20,000
10,000
25,000
20,000

00
00
00
00
00
00
00
00
00
00
00

$209,000 $228,667 50 $209,000 00

Detailed Statement o f Bank Stocks.
OD

° g

106
66
63
25
90
8
13
265
100
10
45
281
83
9
60
40
300
106
31
100
105
43
20
39
67

Par Value.

Atlas National Bank, Boston, .
Blaekstone N’l Bank, Boston, .
Boston National Bank, Boston,
Eliot National Bank, Boston, .
Evei'ett Nat’l Bank, Boston, .
First National Bank, Boston, .
Howard National B’k, Boston,
Merchants’ 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 Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Hamilton Bank, Boston,
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Shawmut Bank, Boston,.
Nat’l Webster Bank, Boston, .
New England N’l B’ k, Boston,.
North National Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Suffolk National Bank, Boston,


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Federal Reserve Bank of St. Louis

$10,600
2,970
_

2,500
1,440
800
910
26,500
10,000
1,000
4,500
28,100
8,300
_
6,000
80
30,000
2,438
3,100
10,000
10,500
-

2,000
-

6,700

Estimated
Market Value.

$10,600
1,650
189
3,500
90
1,440
195
43,195
10,000
1,000
4,950
33,158
11,620
86
5,520
40
32,100
530
5,208
9,600
14,700
43
3,480
312
7,303

00
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.

$11,660 00
2,970 00
2,500 00
1,440 00
800 00
910 00
36,800 00
10,000 00
1,000 00
5,040 00
32,315 00
9,960 00
-

6,000 00
80 00
31,000 00
5,586 67
3,100 00
9,600 00
15,500 00
_
2,500 00
-

6,700 00

N o. 8 .]

357

S A Y IN G S B A N K CO M M ISSION ERS

Mechanics’ Savings Bank, Lowell — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

55
30
117

Par Value.

Collateral Loan Co., Boston, .
Bay State N’l B’k, Lawrence, .
Railroad Nat’l Bank, Lowell, .

$5,500
2,250
11,700

Estimated
Market Value.

Amount Invested.

$8,250 00
3,450 00
14,625 00

$5,500 00
2,250 00
13,839 00

$187,888 $226,784 00 $217,050 67

Detailed Statement o f Railroad Bonds.
Par Value.

Concord & Montreal R.R. 4s, ,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .

$50,000
25,000
25,000
25,000
25,000

Estimated
Market Value.

$55,000
27,250
26,250
26,750
28,000

Amount Invested.

00
00
00
00
00

$50,000
25,000
25,000
25,000
25,000

00
00
00
00
00

29,750 00
34,050 00

25,000 00
30,000 00

$205,000 $227,050 00

$205,000 00

25,000
30,000

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

Amount.

$496 90
48,940 00
50,000 00

Kate.

Amount.

Kate.

Amount.

Kate.

2 per cent.
2è
“
3i
“

$408,500 00
50,000 00
145,000 00

4 per cent.
4J
“
4i
“

$329,350 00
978,124 38
26,066 80

4£ per cent.
5
“
6

Amount invested in real estate for banking purposes,.................................... $79,000 00
Estimated value of the s a m e , ........................................................................
78,000 00
Assessed value of the s a m e ,.................................................................................
61,000 00
Net income received from same during year ending Oct. 31, 1900,
.
.
670 61
Yalue, by books, of other real estate, held or owned by foreclosure or
otherwise..................................................................................................................
8,175 00
Assessed value of the s a m e ,.................................................................................
9,850 00
Number of loans which are of an amount not exceeding $3,000 each, 473
Aggregate amount of the s a m e , ........................................................................
566,558 86
Total number of loans upon real e s t a t e , ............................................. 564
Amount of investments from which no income is received, .
.
.
.
2,575 00


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Federal Reserve Bank of St. Louis

358

R E P O R T O F TH E

[Pub. D oc

Mechanics’ Savings Bank, Low ell — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ............................................................... $115,086
Times for the dividends fixed by the by-laws: first Saturday in June and
December.
Rate and amount of each semi-annualdividend f 2 per cent.,
$48,578 64 ]
97,986
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
49,407 64 J
Number of accounts opened during the year ending Oct. 31, 1900,
. 580
Number of accounts closed during the year ending Oct. 31, 1900,
. 494
Total number of open accounts Oct. 31, 1900,
.
.
.
.
5,151
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
7,455
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900...............................................................................................
330,630
Number of s a m e , .......................................................................................... 3,621
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900.................................................................................
324,672
Number of s a m e , .......................................................................................... 3,336
Date of examination by commissioner: September 20 and 21.


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Federal Reserve Bank of St. Louis

95

28

26
19

62

No. 8 .]

359

S A Y IN G S B A N K COM M ISSION ERS

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.

E d w a r d H . P a l m e r , President.
L e w is M . B a n c r o f t , Treasurer.
E d g a r N . H u n t , Clerk of the Corporation.

Names of committee charged with the investment of its funds :
E dw ard H . P alm er,
E dw ard F . Parker,
M oses E . N ic h o l s .

Open for business every business day except Saturdays, 8.30 to 11
Saturdays, 8.30 a . m . to 12 m .

B a l a n c e Sh e e t O c t .

.m .

; 2.30 to 4 p

.m . ;

31, 1900.

L ia b il it ie s

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposit in bank, on interest,
Furniture and fixtures,
Dash on hand, .

a

$13,464 00
1,600 00
2,000 00
12,000 00

860
80,141
20,540
400
7,544
500
2,022

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

$136,625 43
1,491 31
2,956 91

74
84
50
00
27
00
30

$141,073 65

$141,073 65

Cash on Deposit in Bank : —
First National Bank, R e a d in g ,........................................................................ $7,544 27*
* This amount, in excess o f the legal limit, has since been reduced.

Loan on Bank Stock : —
13 shares First National Bank, Reading........................................................1
10 shares Middlesex County National Bank, Winchester,
.
.
•J


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Federal Reserve Bank of St. Louis

$2,000 00

360

R E P O R T O F TH E

[Pub. D oc.

Mechanics’ Savings Bank, Reading — Continued.
Detailed Statement o f Public Funds.

Par Value.

Town of Reading, Mass., 4s, .

$12,000

Estimated
Market Value.

Amount Invested.

$13,450 00

$13,464 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

16

Par Value.

First National Bank, Reading,

$1,600

Estimated
Market Value.

Amount Invested.

$1,696 00

$1,600 00

Detailed Statement o f Railroad Bonds.
Par Value.

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

.

.

$6,000
2,000
2,000
1,000
1,000
$12,000

Estimated
Market Value.

$6,465
2,090
2,122
1,110
1,000

Amount Invested.

00
00
50
00
00

$12,787 50

$6,000
2,000
2,000
1,000
1,000

00
00
00
00
00

$12,000 00

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

$7,544 27
50,427 34

Rate.

2 per cent.
5

Amount.

$6,500 00

Rate.

per cent.

Amount.

$46,155 00

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the same.....................................................................................
Number of loans which are of an amount not exceeding $3,000 each,
85
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 66
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : first Saturday in June and
December.


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Federal Reserve Bank of St. Louis

Rate.

6 per cent.

$860 74
1,100 00
103,082 34

5,628 61

N o. 8 .]

SA Y IN G S B A N K C O M M IS S IO N E D .

361

Mechanics’ Savings Bank, Reading — Concluded.
Rate and amount of each semi-annual dividendf 2 per cent.,
$1,817 01 1 ^ g|^^
during the year ending Oct. 31, 1900,.
. 1 2 per cent.,
2,030 61 J
Number of accounts opened during the year ending Oct. 31, 1900,
. 230
Number of accounts closed during the year ending Oct. 31, 1900,
. 89
Total number of open accounts Oct. 31, 1900,
.
.
.. 671
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
483 20
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900..............................................................................................
66,405 91
Number of same.................................................................................................. 867
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
33,276 83
Number of s a m e , ............................................................................................. 550
Date of examination by commissioner: March 26.


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Federal Reserve Bank of St. Louis

362

R E P O R T O F TH E

[Pub. Doc,

M EDFORD S A V IN G S B A N K — M ED FOR D.

Incorporated Feb. 26, 1869.

Present number of corporators, 98.

B e n j a m in F . H a t e s , President.
C h a r l e s B . B u ss , Treasurer.
J. G il m a n W a i t e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
D a n ie l A . G l ea so n ,
F rank E . Ch an dler,
C h a r l e s M. B a r r e t t ,
E d w a r d S. R a n d a l l ,
B e n j a m in F . H a t e s .

Open for business every business day, 8 to 11
7 to 9 p .m .

a .m .

; 3 to 6

p .m

. ; also Saturdays,

B alance Sheet Oct. 31, 1900.

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, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$136,500 00
46,461 50
142,120 00
20,000
5,963
1,036,998
527,900
31,159
3,495

00
38
74
00
26
10

$1,950,597 98

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

$1,846,341 56
60,000 00
40,987 37
3,269 05

$1,950,597 98

Cash on Deposit in Banks, amount in each: —
National Bank of Commerce, Boston.................................................................. $15,026 43
National Exchange Bank, Boston.......................................................................
11,164 39
Medford National Bank, M e d f o r d ,...............................................................
4,968 44


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS

363

Medford Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3ès, .
.
.
.
City of Beverly, Mass., 4s,
of Biddeford, Me., 4s,
of Fall River, Mass., 6s, .
of Lynn, Mass., 5s, .
of Malden, Mass., 4s,
of Medford, Mass., 4s,
of Providence, R. I., 4s, .
Town of Arlington, Mass., 4 s,.
of Hartland, Me., 4£s, .
of Wellesley, Mass., 4s,

$30,000
15,000
14,500
3,000
5,000
3,000
20,000
25,000
5,000
5,000
15,000
$140,500

Estimated
Market Value.

$33,000
16,425
14,790
3,435
5,325
3,105
22,000
28,750
5,400
5,000
16,200

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$26,000
15,000
14,500
3,000
5,000
3,000
20,000
25,000
5,000
5,000
15,000

00
00
00
00
00
00

00
00
00
00*
00

$153,430 00 $136,500 00

* A legal investment when made.

Detailed Statement o f Bank Stocks.
Estimated
Market Value.

•O QJ
C

c3

^ tJl
75
15
10
25
62
40
15
55
20
44
75
16
50
12
25

Blackstone. Nat’l B’k, Boston,
Continental Nat’l B’k, Boston,
Commercial N’ l Bank, Boston,
Monument N’l Bank, Boston,
Nat’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Winthrop Nat’l Bank, Boston,
Central National Bank, Lynn,.


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Federal Reserve Bank of St. Louis

1,000
2,500
6,200

$1,875
75
1,400
4,850
6,820

00
00
00
00
00

4,000
1,500
5,500
2,000
4,400
7,500
1,600
5,000
1,200
2,500

7,560
2,100
7,700
2,140
4,224
8,025
1,744
4,850
1,800
3,750

00
00
00
00
00
00
00
00
00
00

$2,050
-

$46,950

$58,913 00

$2,050 00
-

1,000 00
2,500 00
6,200 00
4,000
1,500
5,500
2,000
4,371
7,500
1,600
4,540
1,200
2,500

00
00
00
00
50
00
00
00
00
00

$46,461 50

364

R E P O R T O F TH E

[Pub. D oc.

Medford Savings Bank — Concluded.
Detailed Statement o f Bailroad Bonds.

Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 7s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Michigan Central R.R. 7s,
Troy & Boston R.R. 7s, .

$25,000
20,000
17.000
25.000
10.000
11,000
25,000
$133,000

Estimated
Market Value.

$27,750
21,400
18,360
26,875
10,425
11,550
38,500

00
00
00
00
00
00
00

Amount Invested.

$25,000
20,000
17.000
25.000
10.000
11,000
34,120

00
00
00
00
00
00
00

$154,860 00 $142,120 00

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

$31,159 26
25,000 00
187,000 00

Rate.

2 per cent.
31
4
“

Amount.

$25,000 00
277,100 00
55,000 00

Kate.

Amount.

Kate.

41 per cent.
4è
“
4§
«

$810,795 63
13,300 00
171,703 11

5 per cent.
5è
“
6
“

Amount invested in real estate for banking purposes,.................................... $20,000 00
20,450
Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e ,.................................................................................
20,450
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
5,963
Assessed value of the s a m e ,.................................................................................
7,700
Number of loans which are of an amount not exceeding $3,000 each, 451
Aggregate amount of the s a m e , ........................................................................
652,503
Total number of loans upon real e s t a t e , ............................................. 514
Amount of investments from which no income is received..............................
5,163
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ................................................................
85,731
Times for the dividends fixed by the by-laws: second Saturday in May
and November.
Rate and amount of eachsemi-annual dividend f 2per cent.,
$31,985 11 )
during the year ending Oct. 31,1900,.
.
( 2per cent.,
33,160 32 i
’ °
Number of accounts opened during the year ending Oct. 31, 1900,
. 773
Number of accounts closed during the year ending Oct. 31, 1900,
. 414
Total number of open accounts Oct. 31, 1900,
.
.
.
.
5,147
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
5,180
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
370,803
Number of s a m e , .......................................................................................... 5,376
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
286,8S4
Number of s a m e ,...........................................................................................4,133
Date of examination by commissioner : April 26.


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Federal Reserve Bank of St. Louis

00
00
38
00
11
38
39

08
00

45

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

366

[Pub. D oc

R E P O R T O F TH E

Medway Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

County of Aroostook, Me., 4is,
City of Belfast, Me., 4s, .
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cleveland, Ohio, os,
of Detroit, Mich., 6s,
of Grand Rapids, Mich., 4£s, .
of Grand Rapids, Mich., 5s,
of Manchester, N. H., 4 s,.
of Marlborough, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4is,
of Somerville, Mass., 4s, .
of Springfield, Mass., 5s, .
of Taunton, Mass., 4s,
of Waltham, Mass., 4s, .
of Youngstown, Ohio, 5s,
Town of Clinton, Mass., 4s,
of Melrose, Mass., 4s, .

$5,000
5,000
1,000
2,000
1,000
1,000
3,000
2,000
2,000
2,000
2,000
7,000
1,000
6,000
1,000
5,000
5,000
1,000
1,000
$53,000

Estimated
Market Value.

$5,500
5,500
1,110
2,120
1,045
1,140
3,375
2,105
2,010
2,114
2,280
7,995
1,040
6,807
1,030
5,400
5,175
1,090
1,045

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

$57,881 50

Amount Invested.

$5,000
5,000
1,000
2,000
1,000
1,000
3,000
2,000
2,000
2,000
2,000
7,000
1,000
6,000
1,000
5,000
5,000
1,000
1,000

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

$53,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

6 Atlas National Bank, Boston, .
30 Central National Bank, Boston,
16 Colonial Nat’l Bank, Boston, .
25 Manufacturers’ N’l B’k, Boston,
15 Mt. Yernon N’l Bank, Boston,
15 N’l Hide &’ Leather B’k, Boston,
16 Nat’l Shawmut Bank, Boston,
20 Shawmut Nat’l Bank, Boston,
20 Dedham Nat’l Bank, Dedham,
17 Franklin Nat’l B’k, Franklin, .
3 Wrentham N’l B’k, Wrentham,


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Federal Reserve Bank of St. Louis

Par Value.

$600
3,000
1,600
-

1,500
1,500
1,600
-

2,000
1,700
210
$13,710

Estimated
Market Value.

$600
3,570
2,400
75
1,500
1,605
2,688
160
2,120
1,989
210

Amount Invested.

$600 00
3,000 00
2,150 00

00
00
00
00
00
00
00
00
00
00
00

1,500 00
1,500 00
2,160 00
2,000 00
1,700 00
210 00

$16,917 00

$14,820 00

-

N o. 8 .]

367

SA V IN G S B A N K CO M M ISSION ERS

M e d w a y S avings B a n k — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4ès,
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4 s,.
Concord and Montreal R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3¿s,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4£s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4 è s , ..................................
St. Johnsbury & Lake Champlain
R.R, 5 s ,.
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

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

$2,260
5,150
6,300
3,300
5,150
6,600
5,500
8,732
4,367
6,060
11,075
8,880
2,180
3,435

Amount Invested.

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

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

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

4,000

4,960 00

4,000 00

8,000
3,000
5,000

10,400 00
3,112 50
5,325 00

8,000 00
3,000 00
5,000 00

$92,000

$102,787 50

$92,000 00

* A legal investment when made.

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

Amount.

$9,864 46
1,000 00

Rate.

2 per cent.
3*
“

Amount.

$13,763 35
42,150 00

Rate.

4 per cent.
5
“

Amount.

$3,800 00
138,841 60

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, 1900,
.
Number of loans which are of an amount not exceeding $3,000 each, 264
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 190
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: June 1 and December 1.


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

Rate.

5¿ per cent.
6

$5,375 16
7,450 00
85 95
142,001 56
1,589 51
18,733 32

368

R E P O R T O F TH E

[Pub. Doc,

M e d w a y Savin gs B a n k — Concluded.
Rate and amount of each semi-annual dividend j 2 per cent.,
$
during the year ending Oct. 31, 1900, .
2 per cent.,
Number of accounts opened during the year ending Oct. 31, 1900,
. 156
Number of accounts closed during the year ending Oct. 31, 1900,
. 114
Total number of open accounts Oct. 31, 1900....................................
1,286
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ................................................................................. 1,153
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e ,..................................................................................1,045
Date of examination by commissioner : January 8.


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

1,426 45
63,513 99

63,395 86

N o. 8 .]

S A Y IN G S

BANK

369

C O M M IS S IO N E D

M ELRO SE SA V IN G S B A N K — M ELRO SE.

Incorporated April 15, 1872.
D a n ie l R

u ssell,

Present number of corporators, 30.

E l b r i d g e H . G oss , Treasurer.
J oh n L a r r a b e e , Clerk o f the Corporation.

President.

Names of committee charged with the investment of its funds :
J ohn W . F a r w e l l ,
M oses S. P a g e ,
J o n a t h a n C. H o w e s .

Open for business every business day, 8.30 to 11
7 to 8 p . m .

B a l a n c e Sh e e t O c t .

; 2 to 5 e .m . ; also Saturdays,

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

a .m .

$179,000
3,232
30.000
30.000
86,391
477,203
183,623

00
00
00
00
03
99
48

63,080
1,393
13,582
2,023

78
61
45
20

$1,069,530 54

Deposits, .
Guaranty fund,
Interest account,

$1,003,426 62
22,762 75
43,341 17

$1,069,530 54

Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, Boston,
Winthrop National Bank, Boston,
Melrose National Bank, Melrose,


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

$2,319 89
1,326 74
9,935 82

370

REPORT

OF

THE

[P ub. Doc

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

Par Value.

City of Altoona, Pa., 4s, .
of Belfast, Me., 4s, .
of Brockton, Mass., 5s,
of Columbus, Ohio, 4s,
of Kansas City, Mo., 4<|s,.
of Malden, Mass., 4s,
of Portland, Me., 6s,
Town of Danvers, Mass., 4s, .
of Melrose, Mass., 4s, .
of Reading, Mass., 4s, .
of Winchester, Mass., 4s,

$6,000
10,000
8,000
5,000
10,000
12,000
5,000
6,000
103,000
9,000
5,000

Estimated
Market Value.

$6,660
11,000
9,160
5,050
11,300
12,680
5,850
6,600
111,525
10,060
5,580

00
00
00
00
00
00
00
00
00
00
00

$179,000 $195,465 00

*

Amount Invested.

$6,000
10,000
8,000
5,000
10,000
12,000
5,000
6,000
103,000
9,000
5,000

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

$179,000 00

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

27
28

Par Value.

Everett National Bank, Boston,
Freeman’s Nat’l Bank, Boston,

Estimated
Market Value.

Amount Invested.

$432
2,800

$27 00
2,800 00

$432 00
2,800 00

$3,232

$2,827 00

$3,232 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$10,000
10,000
10,000

$11,200 00
10,000 00
10,100 00

$10,000 00
10,000 00
10,000 00

$30,000

$31,300 00

$30,000 00

Par Value.

Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3¿s, .


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

N o. 8 .]

S A Y IN G S

BANK

371

C O M M IS S IO N E R S

Melrose Savings Bank — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3£s,

$30,000

Estimated
Market Value.

Amount Invested.

$34,500 00

$30,000 00

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

Amount.

$13,582 45
25,800 00
74,280 78

Bate.

2 per cent.
H
“
4
“

Eate.

Amount.

$25,000 00
75.000 00
10.000 00

4è
4|

per cent.
“
«

Amount.

Eate.

$152,263 73
8,350 00
354,607 35

5 per cent.
5è
“
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 of an amount not exceeding $3,000 each, 423
Aggregate amount of the same..............................................................................
Total number of loans upon real e s t a t e , ............................................. 435
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend $ 1| per cent., $15,707 51 )
during the year ending Oct. 31, 1900,
.
( li| per cent.,
15,997 31 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 714
Number of accounts closed during the year ending Oct. 31, 1900,
. 559
Total number of open accounts Oct. 31,1900,
.
.
.
.
4,456
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.......................................................................................... 5,977
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .......................................................................................... 4,283
Date of examination by commissioner: February 27.


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

“

$86,391 03
100,425 00
430,353 99

43,598 86
31,704 82

3,729 12
285,318 41

280,219 09

REPOET

372

OF

[P ub. Doc

THE

M E E E IM A C S A V IN G S B A N K — M E E E IM A C .

Incorporated April 19, 1871.

Present number of corporators, 43.

O tis W . L it t l e , President.
D a n i e l J. P o o r e , Treasurer.
W i l l i a m B. S a r g e n t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
O t is W . L i t t l e ,
T homas H . H oyt,
H . 0 . D elano.

Open for business every business day except Saturdays, 8.30
3 p . m . ; Saturdays, 8.30 a . m . to 12 m .

a .m .

to 12 m . ; 1.30 to

B alance Sheet Oct . 31, 1900.

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, .
Boston Terminal Co. bonds,
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,
Premium account,

$88,000
8,165
4,225
84,000
1,400
20,000
16,416
195,732
86,995

00
00
00
00
00
00
81
00
00

10,000
38,000
769
2,875

00
00
07
00

Deposits, .
Guaranty fund,
Protit and loss account, .

$556,577 88

$530,295 00
26,163 23
119 65

$556,577 88

Cash on Deposit in Banks, amount in each: —
Essex National Bank, Haverhill,
First National Bank, Merrimac, .
.
Amesbury National Bank, Amesbury,


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

$

.

.

10,000 00
13,769 07
15,000 00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S

373

Merrimac Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
6
11
10
5
10
10

shares First National Bank, Merrimac......................................................
shares First National Bank, Merrimac,..................................................
shares First National Bank, Merrimac..........................................................
shares Merrimack National Bank, H a v e r h i l l , ....................................
shares First National Bank, R e a d i n g ,......................................................
shares First National Bank, R e a d i n g ,......................................................

$600
525
I»000
350
875
875

00
00
00
00
00
00

Loans on Railroad Stock, amount on each: —
10 shares Boston & Maine R . R . , ........................................................................
5 shares Old Colony R . R . , ........................................................................

$800 00
600 00

Detailed Statement o f Public Funds.
Par Value.

County of Aroostook, Me., 4£s,
City of Concord, N. H., 4s,
of Dayton, Ohio, 4 s,.
of Haverhill, Mass., 4s, .
of Keene, N. H., 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,

Estimated
Market Value.

$15,000
7.000
8.000
20,000
2,000
5.000
5.000
5.000
6.000
5.000
5.000
5.000

$16,650
7,777
8,200
20,400
2,170
5,100
5,225
5,375
6,120
5,400
5,512
5,600

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

$88,000

$93,529 50

Amount Invested.

$15,000
7.000
8.000
20,000
2,000
5.000
5.000
5.000
6.000
5.000
5.000
5.000

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

$88,000 00

* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

8

17
10
51
10

Par Value.

Powow River National Bank,
Amesbury, .
.
.
.
Blackstone N’I Bank, Boston, .
First National Bank, Lynn,
First Nat’l Bank, Merrimac, .
Océan N’I B’k, Newburyport,.


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

$800
765
1,000
5,100
500
$8,165

Estimated
Market Value.

Amount Invested.

$800
425
1,100
7,650
500

$800
765
1,000
5,100
500

00
00
00
00
00

$10,475 00

00
00
00
00
00

$8,165 00

374

REPORT

OF

THE

[P u b. D oc.

Merrimac 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, .
Fitchburg R.R. 4s, .
.
.
.
Fitchburg R.R. 4£s.............................
Illinois Central R.R. 3£s, .
Maine Central R.R. 4s,
Old Colony R.R. 4s, .

$5,000
20,000
11,000
15,000
5,000
15,000
7,000
6,000
$84,000

Estimated
Market Value.

$5,200
22,950
12,100
15,300
5,625
15,075
7,420
6,690

Amount Invested.

00
00
00
00
00
00
00
00

$90,360 00

$5,000
20,000
11,000
15,000
5,000
15,000
7,000
6,000

00
00
00
00
00
00
00
00

$84,000 00

Boston Terminal Company Bonds.

Boston Terminal Company 3£s,

Par Value.

Estimated
Market Value.

Amount Invested.

$20,000

$23,000 00

$20,000 00

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

$13,000 00
35,000 00

Rate.

3 per cent.
4
“

Amount.

$77,000 00
137,880 00

Rate.

4¡| per cent.
5

Amount.

$4,500 00
68,972 00

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 ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 123
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 134
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $10,153 32 1
during the year ending Oct. 31, 1900,.
.
1 2 per cent., 10,235 08 )
Number of accounts opened during the year ending Oct. 31, 1900, .
89
Number of accounts closed during the year ending Oct. 31, 1900,
.
81
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,509


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

$16,416 81
18,350 00
104,932 00
2,500 00
24,285 86

20,388 40

N o . 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

375

Merrimac Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................$2,225 18
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
40,712 98
Number of s a m e , ..........................................................................................653
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................57,225 99
Number of s a m e ,..........................................................................................695
Date of examination by commissioner : July 6.


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

376

REPORT

OF

THE

[P ub. 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 February 24, 1871.

Present number of corporators, 29.

C h a r l e s E . A d a m s , President.
N . G . L a m s o n , Treasurer.
N . G . L a m so n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h arles F . V arnum ,
H . C. T a f t ,
N . G . L am so n ,
P erlet P . P erham ,
B . F . Sa r g e n t .

Open for business every business day, 9

a

.m .

to 1

Balance Sh eet Oct.

A ssets.

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
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Notes receivable,f
Rent account,
.
.
.
.
Cash on hand, .
.
.
.

p

.m .

; also Saturdays, 7 to 9

p

.m .

31, 1900.

L ia b il it ie s .

$70,490
15.000
55.000
65.000
18,333
950,236
616,327
3,000
200
43,278
250
3,663
949
2,183

00
00
00
00
00
03
28*

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

$1,702,730 63
69,000 00
497 50
71,683 05

00
00
07
00
88
06
86

$1,843,911 18

$1,843,911 18

* This amount, in excess o f the legal limit, will be reduced,
t Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
Old Lowell National Bank, L o w e l l ,............................................................... $15,000 00
Wamesit National Bank, L o w e l l , ...............................................................
24,398 62
National Hide and Leather Bank, B o ston ,......................................................
3,879 45


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

N o. 8 .]

S A Y IN G S

BANK

377

C O M M IS S IO N E R S

Merrimack River Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
3
5
20
17
135
3
2

shares National Bank of the Commonwealth, Bost on, .
.
.
.
shares Wamesit National
Bank, Lowell............................................
shares Wamesit National
Bank, L o w e l l , ......................................
shares Wamesit National
Bank, L o w e l l , ......................................
shares Traders’ National Bank, L o w e l l , .................................... ' •
shares Appleton National Bank, L o w e l l , .........................................
shares Merchants’ National Bank, Lowell.............................................

$300 00
600 00
2,000 00
1,700 00
10,000 00
300 00
200 00

Loans on Railroad Stock, amount on each: —
400 shares Boston & Maine R . R . , ...............................................................$50,000 00
107 shares Boston & Maine R .R .,
...............................................................
15,000 00

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

25
45
17
50
20
15
20
28
23
40
40
51
10
104
79
26
15
54
55
7
16
28
102

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
.Faneuil Hall N’l Bank, Boston,
Fourth National Bank, Boston,
Howard Nat’l Bank, Boston, .
Metropolitan N’l Bank, Boston,
N’l B’k of Commerce, Boston, .
Nat’l Hamilton Bank, Boston,.
N’l B’k of Redemption, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Old Boston N’l Bank, Boston,.
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Wamesit Nat’l Bank, Lowell, .


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

$2,500
4,500
765
-

60
-

2,000
2,800
2,300
2,800
4,000
5,100
1,000
10,400
7,900
2,600
-

5,400
-

700
1,600
1,400
10,200
$68,025

Estimated
Market Value.

Amount Invested.

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

$2,500 00
4,500 00
765 00

$71,066 00

$70,490 00

$2,875
4,500
425
150
40
75
2,800
3,472
2,530
600
4,000
5,610
920
12,272
8,453
2,496
15
5,400
440
749
1,744
280
11,220

-

60
87
2,000
2,800
2,300
2,800
4,000
5,100
995
10,400
7,900
2,600

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

-

5,400
432
700
1,600
1,400
12,200

00
50
00
00
00
00

378

REPORT

OF

THE

[P ub. D oc.

Merrimack River Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$20,000

$21,400 00

$20,000 00

15,000
10,000
10,000

16,785 00
10,200 00
11,125 00

15,000 00
10,000 00
10,000 00

$55,000

$59,510 00

$55,000 00

Par Value.

Boston & Lowell R.R. 4s,
Boston, Revere Beach & Lynn R.R.
4£s....................................................
Fitchburg R.R. 4s..............................
Fitchburg R.R. 4£s, .
.
.
.

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

$28,278
15.000
15.000
262,500

07
00
00
00

Rate.

Amount.

Rate.

Amount.

2 per cent.
2*
“
3f
“
4
“

$110,000 00
264,100 00
40,000 00

4^ per cent.
4^
“

$836,151 03
97,577 28
24,435 00

4|

Rate.

5 per cent.
i

5
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, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 230
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate,
.
.
.
.
.
.
309
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November.
Rate and amount of each semi-annual dividend f 2 per cent., $30,341 90 1
during the year ending Oct. 31, 1900,.
. 1 2 per cent.,
31,236 63 1
Number of accounts openedduring the year ending Oct. 31, 1900,
. 456
Number of accountsclosed during the year ending Oct.31, 1900,
. 282
Total number of open accounts Oct. 31, 1900,
.
.
.
.
3,011
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ...................................... ......
2,062
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ......................................................................... 1,838
Date of examination by commissioner: March 13.


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

«

$18,333 00
17,100 00
525 92
364,825 18
7,500 00
79,877 20

61,578 53

6,008 61
251,564 78

194,427 75

“

N o. 8 .]

S A Y IN G S

BANK

379

C O M M IS S IO N E R S .

M ID D LEB O R O U G H S A V IN G S B A N K — M ID D LE B O R O U G H .
Incorporated March 15, 1873.
J a m e s H. H a r l o w , President.
A n d r e w M. W

o od ,

Present number of corporators, 37A n d r e w M. W o o d , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Ja m e s H . H a r l o w ,
G eorge B r a t t o n ,
C h a r l e s F. C o r n is h ,
E v e r e t t T. L in c o l n ,
M a t t h e w H . C u s h in g .

Open for business every business day, 9 a . m . to 12 m . ; 2 to 4
7 to 8 p . m .

B

alance

Sh ee t O c t .

. ; also Saturdays,

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. 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 te s ),....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

p .m

$145,850
10,350
136,000
125
15.000

00
00
00
00
00

44.000
14,840
595,406
217,494

00
78
68
54

72,455
500
58,899
737

00
00
02
85

Deposits, .
Guaranty fund,
Interest account,

$1,311,658 87

$1,249,998 33
49,000 00
12,660 54

$1,311,658 87

Cash on Deposit in Banks, amount in each : —
Mechanics’ National Bank, B o s t o n , ............................................................... $6,132 02
Winthrop National Bank, Boston........................................................................
2,493
First National Bank, M errim ac,........................................................................
10,000
Middleborough National Bank, M i d d l e b o r o u g h ,....................................
10,273
Pynchon National Bank, Springfield,...............................................................
30,000

07
00
93
00

Loan on Railroad Stock : —
1

share Old Colony R . R . , .............................................................................


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

$125 00

380

REPORT

OF

THE

[Pub. Doc

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

Par Value.

County of Washington, Me., 4s,
City of Akron, Ohio, 5s, .
of Bay City, Mich., 5s,
of Canton, Ohio, 5s, .
of Dayton, Ohio, 5s,.
of Dover, N. II., 4s, .
of Fort Wayne, Ind., 4£s,
of Kansas City, Mo., 4£s,.
of Lynn, Mass., 4s, .
of Oshkosh, Wis., 4^s,
of Rockford, 111., 4£s,
of Youngstown, Ohio, 6s,
Town of Burrillville, R. I., 4s,
of Weymouth, Mass., 4s,

$20,000
6,700
10,000
30,400
10,000
5,000
5,000
10,000
15,000
12,000
10,000
750
5,000
6,000

Estimated
Market Value.

$22,200
6,767
11,000
31,559
11,500
5,000
5,612
11,400
16,050
13,680
10,750
831
5,225
6,510

00
00
00
00
00
00
50
00
00
00

00
25
00
00

$145,850 $158,084 75

Amount Invested.

$20,000
6,700
10,000
30,400
10,000
5,000
5,000
10,000
15,000
12,000
10,000
750
5,000
6,000

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

$145,850 00

* Legal investments when made.

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

33
14
11
6
12
30
27

Par Value.

Nat’l Webster Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Brockton N’l Bank, Brockton,.
Middleborough National Bank,
Middleborough, .
National Bank of Commerce,
New Bedford,
Plymouth N’l Bank, Plymouth,


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

$3,300
1,400
550
600

Estimated
Market Value.

$3,168
1,526
110
684

00
00
00
00

Amount Invested.

$3,300
1,400
550
600

00
00
00
00

1,200

1,200 00

1,200 00

600
2,700

150 00
2,835 00

600 00
2,700 00

$10,350

$9,673 00

$10,350 00

N o. 8 .]

S A V IN G S

BANK

381

C O M M IS S IO N E R S .

Middleborough. Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R 4s,
Dexter & Newport R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3£s, .
Michigan Central R.R. 4s,
Old Colony R.R. 4s............................
Portland & Ruraford Falls R.R. 4 s,.
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................

$ 20,000

5,000
6,000
5,000
15,000
35,000
10,000
10,000
10,000
20,000

Estimated
Market Value.

$20,900
5,325
6,495
5,525
14,850
35,000
11,250
11,450
11,000

Amount Invested.

00
00
00
00
00
00
00
00
00

$20,000 00

23,600 00

20,000 00

5,000
6,000
5,000
15,000
35,000
10,000
10,000
10,000

00
00
00
00
00
00
00
00

$136,000 $145,395 00 $136,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3ès,

$15,000

Estimated
Market Value.

Amount Invested.

$17,250 00

$15,000 00

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

Rate.

Amount.

$2,493
16,405
10,000
88,000

07
95
00
00

2 per cent.
2*
“
3
4
“

Amount.

$5,055 00
32,700 00
10,000 00

Rate.

Amount.

Rate.

4| per cent.
4è
“
41
“

$286,575 00
48,537 33
445,113 89

5 per cent.
5è
“
6
“

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


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

O
o
©

Amount invested in real estate for banking purposes, .
Estimated value of tbe s a m e , ......................................................
.
,
Assessed value of the s a m e ,...............................................................
Net income received from same during year ending Oct. 31, 1900,
Value, by books, of other real estate, held or owned by forecli are or
oth erw ise,..........................................................................................
Assessed value of the s a m e ,...............................................................
Number of loans which are of an amount not exceeding $3,000 each,, 692

00
44,000 00
36,000 00
1,427 13
14,840 78
10,265 00
442,899 91

. 553

382

REPORT

OF

THE

[P ub. D oc.

Middleborough Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................$59,323 65
Times for the dividends fixed by the by-laws : first Monday in April and
October.
Rate and amount of each semi-annual dividend J 2 per cent.,
$22,203 81 ;
, - „„„ „
during the year ending Oct. 31, 1900,
.
( 2 per cent.,
23,419 46 )
7
Number of accounts opened during the year ending Oct. 31, 1900,
. 623
Number of accounts closed during the year ending Oct. 31, 1900,
. 332
Total number of open accounts Oct. 31, 1900,
.
.
.
.
3,919
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
3 497 43
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,................................................................................. .........
275,692 09
Number of s a m e , ................................................................................. 3,649
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
202,314 76
Number of s a m e ,................................................................................. 2,664
Date of examination by commissioner : May 11.


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

N o. 8 .]

S A Y IN G S

BANK

383

C O M M IS S IO N E R S

M ID D L E S E X IN S T IT U T IO N FOR S A V IN G S — CONCORD.
Incorporated March 4, 1835.
C harles H . W

alcott,

H

Present number of corporators, 24.

President.

erbert

C h a b l e s E . B r o w n , Treasurer.
W . H o s m e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H e n r t J. H o s m e r ,
Harvey W h ee ler.

Ch a r l e s H . W alc ott,
L oren zo E a t o n ,

Open for business every business day except Saturdays, 9
9 a . m . to 12.15 P.M.

B

alance

Sh e e t O

ct.

to 2

p .m . ;

Saturdays,

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,*
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Bank liquidation account,.
Notes receivable,f
Cash on hand, .
.
.
.

a .m .

$11,387
58,720
6,500
277,962
53,550

50
00
00
50
00

10,500
28,666
446,450
587,500

00
36
00
00

38.000
30,*44
6,914
2.305
2,644
2,848
1,334

00
84
73
37
50
40
84

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

$1,566,129 04

$1,451,301 53
72,000 00
30,166 60
12,389 91
271 00

$1,566,129 04

* This amount, in excess o f the legal limit, will be reduced,
f Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Shoe and Leather National Bank, B oston ,...................................................... $30,844 84
Concord National Bank, C o n c o r d , ...............................................................
6,914 73
Loan on Bank Stock : —
83 shares Fourth National Bank, Boston, .


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

$6,500 00

REPORT

384

OF

[P ub. Doc

THE

Middlesex Institution for Savings — Continued.
Detailed Statement o f Public Funds.

Town of Concord, Mass., 4s,

.

Par Value.

Estimated
Market Value.

Amount Invested.

110,000

$11,550 00

$11,387 50

Detailed Statement o f Bank Stocks.
Og

36
50
50
50
28
50
50
100
50
50
34
100
25
54
50
100

Estimated
Market Value.

Blackstone N’l Bank, Boston,.
Central National Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
First National Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
National City Bank, Boston, .
Nl’ Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Concord Nat’l Bank, Concord,

$1,620
5,000
5,000
5,000
2,800
500
5,000
_
5,000
5,000
3,400
2,500
5,400
2,500
10,000
$58,720

$900
5,950
7,000
6,200
5,040
150
8,150
400
5,350
4,800
5,916
800
3,050
5,778
500
15,000

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

$74,984 00

$1,620
5,000
5,000
5,000
2,800
500
5,000

00
00
00
00
00
00
00

-

5,000 00
5,000 00
3,400 00
_
2,500 00
5,400 00
2,500 00
10,000 00
$58,720 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4^s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s,.
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .


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

$15,000
10,000
25,000
50,000
10,000
37,000
30,000
4,000
20,000
15,000
20,000

$16,275
11,450
31,500
55,000
11,400
42,180
33,400
4,180
20,200
15,918
22,200

00
00
00
00
00
00
00
00
00
75
00

$15,000
10,000
25,000
50,000
10,000
37,000
30,687
4,000
20,775
15,000
20,000

00
00
00
00
00
00
50
00
00
00
00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

385

Middlesex Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$20,000
10,000
10,000

$22,625 00
11,000 00
10,800 00

$20,000 00
10,000 00
10,500 00

$276,000

$308,128 75

$277,962 50

Par Value.

Old Colony R.R. 4s, .
Sullivan County R.R. 4s, .
Portland & Rumford Falls R.R. 4s,.

Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3£s,

$50,000

Estimated
Market Value.

Amount Invested.

$57,500 00

$53,550 00

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

$30,844
29,300
108,700
65,000

Kate.

84
00
00
00

2£ per cent.
3|
4
“
H
“

Amount.

$280,000
25.000
424,325
20.000

Kate.

00
00
00
00

4£ per cent.
4|
«
5
“
5£
“

Amount.

$40,075 00
84,150 00
1,900 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 ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
otherwise..................................................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 181
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 209
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : first Tuesday in June and
December.


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

Rate.

5£ per cent.
6
6é
“

$10,500 00
10.500 00
8,500 00
28,666 36
32,550 00
600 53
254,050 00
10.500 00
68,139 67

REPORT

386

OF

THE

[Pub. D oc.

Middlesex Institution for Savings — Concluded.
f27,346 47
Rate and amount of each semi-annual dividend f 2 per cent.,
i 2 per
cent., 27,336 31
during the year ending Oct. 31, 1900, .
.1 2 per
cent.,
Number of accountsopened during the year ending Oct. 31,1900,
. 521
Number of accounts closed during the year ending Oct. 31,1900,
. 421
Total number of open accounts Oct. 31, 1900,
.
.
.
.
4,496
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 0 ,..........................................................................................
Number of s a m e , .......................................................................................... 2,695
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .......................................................................................... 2,603
Date of examination by commissioner: March 9.


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

,682 78

6,465 96
228,426 79

259,877 83

N o . 8 .]

S A V IN G S

BANK

C O M M IS S IO N E R S

387

M ILFO R D SA V IN G S B A N K — M IL FO R D .

Incorporated April 24, 1851.
J o h n P. D a n i e l s , President.
Ja m e s E . W

Present number of corporators, 48.

alkek,

J a m e s E. W a l k e r , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a r l e s F. C l a e l i n ,
J o h n P. D a n ie l s ,
J e sse A . T a f t .

Open for business every business day except Saturdays, 9 a . m . to 12
3.30 p . m . ; Saturdays, 9 a . m . to 12 m .

B

alance

Sh e e t O

ct.

m

. ; 1.30 to

31, 1900.

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,
Loan on railroad bonds, .
Loans on railroad stock, .
Boston Terminal Co. 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, .
Deposits in banks, not on interest,
Omaha Water Company stock
and bonds,* .
.
.
Cash on hand, .
.
.
.

$231,000
171,613
17,980
144,000
40.000
60.000
103,812

00
86
00
00
00
00
50

25.000
14,286
660,420
781,810

00
15
40
00

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

$2,307,468 97
79,098 85
13,668 79

80,600 00
46,360 42
10,369 83

12.000 00
983 45
$2,400,236 61

$2,400,236 61

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ...................................................... $1,360 42
Milford National Bank, M i l f o r d , ...............................................................
55,369 83


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

388

REPORT

OF

THE

[P u b. Doc

Milford Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
5 shares Milford National Bank, Milford, .
5 shares Home National Bank, Milford, .
40 shares Eliot National Bank, Boston,
10 shares National Market Bank, Brighton,
30 shares National Bank of the Commonwealth, Boston,
40 shares Central National Bank, Boston, .
30 shares Milford National Bank, Milford,.
60 shares Milford National Bank, Milford, .
10 shares Milford National Bank, Milford, .
2 shares Milford National Bank, Milford, .
3 shares Milford National Bank, Milford, .
14 shares Central National Bank, Boston, .

J

$700 00
O
o

j

00

6,000 00
2,500
2,500
500
180
200
1,400

00
00
00
00
00
00

Loan on Railroad Bonds : —

$40,000 New York, New Haven & Hartford R .R . 4s,

.

.

.

.

$40,000 00

Loans on Railroad Stock, amount on each : —
185 shares Boston & Maine R.R .,
100 shares Connecticut River R.R .,
100 shares Old Colony R .R .,
.

$45,000 00
15,000 00

Detailed Statement o f Public Funds.
Par Value.

City of Beverly, Mass., 4s,
of Boston, Mass., 4s,
of Bridgeport, Conn,, 4 s,.
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, 4 s,.
of Grand Rapids, Mich., 4£s, .
of Lynn, Mass., 4s, .
of New Britain, Conn,, 4s,
of Newport, R. I., 4s,
o f Newton, Mass., 4s,
of Portland, Me., 6s,
o f Providence, R. I., 5s, .
o f Woonsocket, R. I., 4s, .
Town of Framingham, Mass., 4s, .
of Maynard, Mass., 4s, .
of Weymouth, Mass., 4s,


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Federal Reserve Bank of St. Louis

$15,000
25,000
6,000
14,000
6,000
15,000
6,000
7,000
20,000
10,000
20,000
2,000
20,000
15,000
20,000
20,000
10,000
$231,000

Estimated
Market Value.

$16,650
27,870
6,720
14,180
6,240
15,600
6,600
8,050
20,600
11,500
22,400
2,340
22,000
16,500
21,200
22,200
11,000

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

Amount Invested.

$15,000
25,000
6,000
14,000
6,000
15,000
6,000
7,000
20,000
10,000
20,000
2,000
20,000
15,000
20,000
20,000
10,000

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

$251,650 00 $231,000 00

Legal investments when made.

N o. 8 .]

S A V IN G S

BANK

C O M M IS S IO N E R S

389

Milford Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

10
50
15
7
150
25
25
48
25
100
110
25
100
155
47
4
100
2
40
100
9
75
263

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central National B’k, Boston,.
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freeman’s Nat’l B’k, Boston, .
Nat’l Bank of the Common­
wealth, Boston,
N’l B’k of Redemption, Boston,
N’l Exchange Bank, Boston, .
N’l Hide & Leather B’k, Boston,
N’l Shawmut Bank, Boston, .
National Union Bank, Boston,
National Webster B’k, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Washington N’l Bank, Boston,
Home National B’k, Brockton,
Hopkinton N’l B’k, Hopkinton,
Home National Bank, Milford,
Milford Nat’l Bank, Milford, .

$1,000
5,000
675
700
15,000
2,500
-

4,800
2,500
10,000
11,000
2,500
10,000
15,500
4,700
400
_

200
4,000
10,000
900
7,500
26,300
$135,175

Estimated
Market Value.

Amount Invested.

$1,150
5,000
375
728
17,850
3,750
125
6,720
2,500

00
00
00
00
00
00
00
00
00

$1,530
6,500
675
1,070
22,000
3,750
1
5,682
2,500

00
00
00
12
00
00
00
99
00

18,900
12,980
3,500
10,700
26,040
6,251
384
800
244
4,120
17,500
900
11,250
39,450

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

13,900
15,655
3,581
10,659
23,250
7,496
400
857
200
5,505
10,000
900
7,500
28,000

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

$191,217 00 $171,613 86

Detailed Statement o f Bailroad 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. 4 s,.
Worcester, Nashua & Roch. R.R. 4s,


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

$25,000
20,000
10,000
15,000
25,000
15,000
4,000
10,000
20,000

Estimated
Market Value.

$25,500
21,600
11,400
18,900
26,650
16,800
4,000
11,300
21,400

00
00
00
00
00
00
00
00
00

$144,000 $157,550 00

Amount Invested.

$25,000
20,000
10,000
15,000
25,000
15,000
4,000
10,000
20,000

00
00
00
00
00
00
00
00
00

$144,000 00

REPORT

390

OF THE

[P u b. Doc,

Milford Savings Bank — Concluded.

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

Estimated
Market Value.

Amount Invested.

$100,000 $115,000 00 $103,812 50

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

$46,360
47.500
20,000
364,000
28,000

Bate.

42
00
00
00
00

2

3i
3J
4
4J

per cent.
“
“
“

»

Amount.

$30,000
441,400
95,300
546,691

Kate.

00
00
00
00

4| per cent.
4è
“
4|
“
5
“

Amount.

$12,600
53,294
450
1,575

Kate.

00
40
00
00

5£ per cent.
6
“

64
7

“
»

Amount invested in real estate for banking purposes,....................................
$25,000 00
25.000 00
Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e ,.................................................................................
24.000 00
932 90
Net income received from same during year ending Oct. 31, 1900,
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
14.286 15
19,100 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 347
Aggregate amount of the s a m e , ........................................................................
323,860 40
Total number of loans upon real e s t a t e , ............................................. 350
Amount of investments from which no income is received, .
.
.
.
14.286 15
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
100,197 98
Times for the dividends fixed by the by-laws: second Saturday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $41,033 19 1
83,611 27
during the year ending Oct. 31, 1900, .
. 1 2 per cent., 42,578 08 1
Number of accounts opened during the year ending Oct. 31, 1900,
1,132
Number of accounts closed during the year ending Oct. 31, 1900,
631
Total number of open accounts Oct. 31, 1900,
.
.
.
.
6,987
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
3,990 46
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
491,090 64
Number of s a m e , ................................................................................. 7,229
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
394,243 87
Number of s a m e , ................................................................................. 5,212
Date of examination by commissioner: May 17.


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Federal Reserve Bank of St. Louis

N o. 8 .]

S A Y IN G S

BANK

391

C O M M IS S IO N E R S .

M IL L B U R Y S A V IN G S B A N K — M IL L B U R Y .

Incorporated April 10, 1854.

Present number of corporators, 40.

I r a N . G o d d a r d , President.
A m os A r m s b y , Treasurer.
A m os A r m s b y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A u g u stu s S. W i n t e r ,
G eorge J. D u d le y ,
J a c o b R . L in c o l n .

D a m ie n D u c h a r m e ,
H e n r y W . Ca r t e r ,
I ra N . G oddard,

Open for business every business day except Saturdays, 9
days, 9 a . m . to 12 M.

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Expense account,
Insurance account,
Premium account,
Suspense account,
Cash on hand, .
.
.
.

a .m .

to 3 f . m . ; Satur­

31, 1900.

L ia b il it ie s .

$73,000
119,840
128,000
150
20,000

00
00
00
00
00

15,000
6,338
357,860
199,800

00
44
00
00

50,750
23,300
89
1,253
20
2,475
984
1,833

00
00
50
52
63
00
68
88

$1,000,695 65

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

$915,854 14
44,215 00
19,063 15
6,563 36
15,000 00

$1,000,695 65

Cash on Deposit in Bank : —
Millbury National Bank, M i l l b u r y ,............................................................... $23,389 50
Loan on Railroad Stock : —
1

share Boston & Albany R .R .,


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Federal Reserve Bank of St. Louis

392

REPORT

OF

[P u b . Doc,

THE

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

Par Value.

City of Bay City, Mich., 5s,
of Columbus, Ohio, 4s,
of Kansas City, Mo,, 4ès,.
of Milwaukee, Wis., 5s, .
of New Britain, Conn., 4s,
of Saginaw, Mich., 4s,
Town of Westborough, Mass., 5s, .

Estimated
Market Value.

$5,700
10,100
28,375
11,100
11,100
10,350
3,345

$5,000
10,000
25.000
10.000
10,000
10,000
3,000
$73,000

00
00
00
00
00
00
00

$80,070 00

Amount Invested.

$5,000
10,000
25.000
10.000
10,000
10,000
3,000

00
00*
00
00
00
00
00

$73,000 00

* A legal Investment when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.

Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Colonial Nath Bank, Boston, .
Continental Nat’l B’k, Boston,
Eliot National Bank, Boston, .
First Ward Nath B’k, Boston,
Manufacturers’ N’l B’k, Boston,
Merchants’ N’l Bank, Boston,.
N’l Bank of Commerce, Boston,
National Bank of the Commonwealth, Boston, .
50 N’l Hide & Leather B’k, Boston,
20 Nat’l Shawmut Bank, Boston,
3 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 National Bank, Boston, .
13 Suffolk National Bank, Boston,
51 Third National Bank, Boston,
15 Winthrop Nath Bank, Boston,
30 Grafton Nat’l Bank, Grafton, .
8 Leicester N’l Bank, Leicester,
114 Millbury N’l Bank, Millbury,
26 Second N’l Bank, Norwich, Ct.,
124 Oxford National B’k, O xford,.
36 Central N ’l Bank, W orcester,.

50
42
45
20
100
50
25
23
57
200


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Federal Reserve Bank of St. Louis

Tar Value.

$5,000
1,890
4,500
-

10,000
5,000
_

2,300
5,700
20,000
5,000
2,000
300
3,500
-

7,400
2,500
5,000
1,300
5,100
1,500
3,000
300
11,400
2,600
1,250
3,600

Estimated
Market Value.

Amount Invested.

$5,000
1,050
6,750
100
14,000
7,500
75
3,749
6,270

00
00
00
00
00
00
00
00
00

$5,000 00
1,890 00
4,500 00

37,800
5,350
3,360
300
6,090
200
9,028
1,925
5,350
1,417
4,947
2,250
3,000
450
11,400
2,600
1,312
4,500

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

20,000 00
5,000 00
2,000 00
300 00
3,500 00
7,400 00
2,500 00
5,000 00
1,300 00
5,100 00
1,500 00
3,000 00
300 00
11,400 00
2,600 00
1,250 00
3,600 00

-

10,000 00
5,000 00
-

2,300 00
5,700 00

N o. 8 .]

S A Y IN G S

BANK

393

C O M M IS S IO N E R S .

Millbury Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

5
27
10
50
5

Par Value.

Citizens’ N’l Bank, Worcester,
City N’l Bank, Worcester,
Mechanics’ N’l B’k, Worcester,
Quinsigamond National Bank,
Worcester, .
.
.
.
Worcester N’l B’k, Worcester,

Estimated
Market Value.

Amount Invested.

$500
2,700
1,000

$750 00
3,240 00
1,000 00

$500 00
2,700 00
1,000 00

5,000
500

7,250 00
900 00

5,000 00
500 00

$119,840

$158,913 50

$119,840 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 ¿s,.
Maine Central R.R. 4s,
Minnesota & Iowa R.R. 3is, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Portland & Rumford Falls R.R. 4 s ,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Vermont & Massachusetts R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$7,000 00

$7,000

$7,560 00

15,000
20,000
10,000
6,000
5,000
5,000
15,000

17,700
22,080
10,450
5,400
5,050
5,300
15,150

15,000
10,000

17,325 00
11,000 00

15,000 00
10,000 00

10,000
10,000

13,300 00
10,400 00

10,000 00
10,000 00

$128,000

00
00
00
00
00
00
00

15,000
20,000
10,000
6,000
5,000
5,000
15,000

00
00
00
00
00
00
00

$140,715 00 $128,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3¿s,


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

$20,000

Estimated
Market Value.

Amount Invested.

$23,000 00

$20,000 00

394

REPORT

OF

THE

[P ub. Doc

Millbury Savings Bank — Concluded.
Total Amount of Loam, with Each Specified Rate o f Interest.
Amount.

$3,300
20,000
10,000
39,550

Rate.

00
00
00
00

2 per cent.
3
“
3£
“
4
“

Amount.

$15,000
73,300
45,000
320,235

Rate.

00
00
00
00

4| per cent.
“
4|
“
5
“
H

Amount.

$10,000 00
94,975 00
500 00

Rate.

5^ per cent.
6
7
“

Amount invested in real estate for banking purposes,....................................
$15,000 00
Estimated value of the s a m e , ........................................................................
18,000 00
Assessed value of the s a m e ,.................................................................................
11,800 00
Net income received from same during year ending Oct. 31, 1900,
447 60
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
6,338 44
Assessed value of the s a m e ,.................................................................................
13,870 00
Number of loans which are of an amount not exceeding $3,000 each, 244
Aggregate amount of the s a m e , ........................................................................
253,960 00
Total number of loans upon real e s t a t e , ............................................. 261
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
46,636 79
Times for the dividends fixed by the by-laws : second Monday in January
and July.
Rate and amount of eachsemi-annualdividend f 2 per cent.,
$16,452 74 )
33,516 14
during the year ending Oct. 31, 1900,
.
1 2 per cent.,
17,063 40 )
Number of accounts opened during the year ending Oct. 31, 1900,
. 223
Number of accounts closed during the year ending Oct. 31, 1900,
. 145
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,051
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
2,335 60
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
133,980 95
Number of s a m e ,...........................................................................................1,496
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
100,209 53
Number of s a m e ,...........................................................................................1,161
Date of examination by commissioner: April 10.


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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

395

MONSON S A V IN G S B A N K — M ONSON.

Incorporated March 29, 1872.

Present number of corporators, 28.

E d w a r d F . M o r r i s , President.

F r a n k E . M o r r is , Treasurer.
F r a n k E. M o r r is , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E d w a r d F. M o r r is ,

E . D. C u s h m a n ,

Carlos M . Ga g e ,

A r t h u r D. N o r c r o s s .

Open for business every business day except Saturdays, 9
Saturdays, 9 a . m . to 12 m .

B alan ce Sh e e t Oct.

to 12

m.

; 1 to 4

p ,m

.;

31, 1900.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
.
.
.

a .m .

L ia b il it ie s .

$142,000
34,750
5,200
125,000
10,000

00
00
00
00
00

34,000
699,917
42,939
20
89,322
5,186
305
2,449

00
00
00
00
99
52
27
24

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

$1,191,090 02

$1,103,476 11
54,000 00
31,729 46
1,884 45

$1,191,090 02

Cash on Deposit in Banks, amount in each : —
Monson National Bank, Monson,
.
.
.
.
Chicopee National Bank, Springfield, .
.
.
.
John Hancock National Bank, Springfield,
Pynchon National Bank, Springfield, .
.
.
.
Springfield National Bank, Springfield,
Springfield Safe Deposit and Trust Company, Springfield,
Hampden Loan and Trust Company, Springfield,
.
.
.
.
City National Bank, Springfield,
Northampton National Bank, Northampton,


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

$5,186
10,000
10,000
11,673
16,423
11,225
10,000
10,000
10,000

52
00
00
39
69
91
00
00
00

396

REPORT

OF

[P ub. Doc

THE

Monson Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
27 shares Monson National Bank, M o n s o n , ......................................... $2,700 00
25 shares Palmer National Bank, P a lm e r,......................................................
2,500 00

Detailed Statement o f Public Funds.
Par Value.

County of Middlesex, Mass., 4s,
City of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Everett, Mass., 4s,
of Grand Rapids, Mich., 4¿s,
of Holyoke, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton, Mass., 4s,
Town of Burlington, Vt., 4s, .
of Methuen, Mass., 4s, .
of Monson, Mass., 4s,
of Natick, Mass., 4s,

.

$10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
5,000
22,000
10,000
$142,000

Estimated
Market Value.

$10,950
11,100
10,100
10,300
11,200
11,050
10,950
10,650
11,200
11,400
5,175
5,625
23,100
11,050

00
00
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
10,000
10,000
10,000
5,000
5,000
22,000
10,000

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

$153,850 00 $142,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

10 Blackstone N’l Bank, 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,
25 N’l B’k of Redemption, Boston,
5 Nat’l Exchange Bank, Boston,.
10 N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
6
5 State National Bank, Boston, .
26 Suffolk Nat’l Bank, Boston,
5 Tremont Nat’l Bank, Boston, .
25 City National Bank, Holyoke,
90 Monson Nat’l Bank, Monson, .
19 Agawam N’l B’k, Springfield,
20 City Nat’l Bank, Springfield, .
20 First Nat’l Bank, Springfield, .
Ware National Bank, Ware, .
3


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

Par Value.

$600
2,500
500
3,000
2,500
2,500
500
1,000
600
500
2,600
250
2,500
9,000
1,900
2,000
2,000
300
$34,750

Estimated
Market Value.

Amount Invested.

$400
3,500
500
4,890
2,750
2,950
700
1,070
576
535
2,834
50
3,000
12,150
950
2,880
2,100
315

$600
2,500
500
3,000
2,500
2,500
500
1,000
600
500
2,600
250
2,500
9,000
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

$42,150 00

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

$34,750 00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S

397

Monson Savings Bank — Continued.
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. 4s, .
Illinois Central R.R. 3 ¿s,.
Maine Central R.R. 4s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .

$10,000
10,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
$125,000

Estimated
Market Value.

$10,525
11,400
11,000
11,000
11,500
11,500.
5,570
11,225
10,100
10,625

00
00
00
00
00
00
00
00
00
00

11,550 00
11,100 00
11,450 00

Amount Invested.

$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

10,000 00
10,000 00
10,000 00

$138,545 00 $125,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

$10,000

Estimated
Market Value.

Amount Invested.

$11,500 00

$10,000 00

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

$21,235 99
38,097 08
20,000 00

Rate.

3 per cent.
H
“
4
“

Amount.

$10,000 00
2,000 00

Rate.

Amount.

4| per cent.

$733,668 92
12,397 00

5¿

“

Rate.

5 per cent.

6

“

Amount invested in real estate for banking purposes,.................................... $34,000 00
Estimated value of the s a m e , ........................................................................
34,000
Assessed value of the s a m e ,.................................................................................
18,000
Net income received from same during year ending Oct. 31, 1900,
.
.
1,358
Number of loans which are of an amount not exceeding $3,000 each, 257
Aggregate amount of the s a m e , ........................................................................
362,047
Total number of loans upon real e s t a t e , ............................................. 328
Amount of investments from which no income is received, .
.
.
.
1,900
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
49,924
Times for the dividends fixed by the by-laws : first Monday in April and
October.


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

00
00
89
00
00
83

398

REPORT

OF

THE

[P ub. Doc

Monson Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $19,766 88 )
during the year ending Oct. 31, 1900, .
.1 2 per cent., 20,894 92 )
Number of accounts opened during the year ending Oct. 31, 1900,
. 351
Number of accounts closed during the year ending Oct. 31, 1900,
. 206
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,511
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900...............................................................................................
Number of s a m e , ................................................................................. 1,548
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900,
. ' ..........................................................................................
Number of s a m e , ................................................................................. 1,349
Date of examination by commissioner: June 15.


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

$40,661 80

3,805 66
182,100 58

127,552 95

N o . 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

399

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.

Present number of corporators, 37.

D a v id F o l g e r , President.
G e o r g e H . B r o c k , Treasurer.
G e o r g e H . B r o c k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a v id F o l g e r ,
D a v id P a r k e r ,
H enry

L e w is F . B u c h a n a n ,
A l m o n T. M o w r y ,
P addock.

Open for business every business day, from May to November, 9
November to May, 10 a .m . to 1 p .m .

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. 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, .
.
.
.

a .m .

to 1 p . m . ;

31, 1900.

L ia b il it ie s .

$78,000
9,345
86,500
20,000

00
00
00
00

4,500
12,600
357,830
8,458

00
00
05
00

5,000
15,321
847
2,196

00
33
71
27

$600,598 36

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

$557,055 25
26,736 89
16,806 22

$600,598 36

Cash on Deposit in Banks, amount in each: —
Eliot National Bank, B o s t o n , ........................................................................ $9,649 45
Pacific National Bank, N a n t u c k e t ,...............................................................
p,671 88


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

400

REPORT

OF

THE

[Pub. D oc.

N a n tu ck e t In s titu tio n fo r Savings — Continued.
Detailed Statement o f Public Funds.
Bar Value.

District of Columbia 6s, .
City of Bay City, Mich., 4s,
of Beverly, Mass., 4s,
of Cleveland, Ohio, 5s, .
of Detroit, Mich., 7s,
of East Saginaw, Mich., 4£s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4is, .
of Milwaukee, Wis., 5s, .
of New London, Conn., 7s,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4£s, .
of Sioux City, Iowa, 4^s,.
Town of Billerica, Mass., 4s, .

Estimated
Market Value.

$5,000
3,000
1,000
5,000
1,000
7,000
1,000
10,000
10,000
1,000
4,000
5,000
15,000
10,000
$78,000

$5,200
3,345
1,070
5,050
1,120
7,175
1,120
11,200
10,150
1,150
4,580
5,650
16,800
11,500

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

$85,110 00

Amount Invested.

$5,000
3,000
1,000
5,000
1,000
7,000
1,000
10,000
10,000
1,000
4,000
5,000
15,000
10,000

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

$78,000 00

* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

7 Blackstone N’l Bank, Boston, .
10 Bovlston Nat’l Bank, Boston, .
10 Columbian Nat’l Bank, Boston,
10 Continental N’l Bank, Boston,
15 Eliot National Bank, Boston, .
10 Faneuil Hall N’l Bank, Boston,
19 Lincoln Nat’l Bank, Boston, .
8
Metropolitan N’l Bank, Boston,
10 Nat’l Exchange Bank, Boston,
10 National Revere Bank, Boston,
20 North National Bank, Boston,
10 Old Boston N’l Bank, Boston,.
15 Shawmut Nat’l Bank, Boston,.
10 South End Nat’l Bank, Boston,
10 Pacific Nat’l Bank, Nantucket,
14 National Bank of Commerce,
New Bedford,


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

Par Value.

Estimated
Market Value.

75
00
00
00
00
00
70
00
00
50
00
00
00
00
00

1,000 00
1,000 00

280

14 00

280 00

$9,345

$9,969 95

$9,345 00

lO

1,000
30

_

1,500
1,000
190
800
1,000
230

_

1,000

_

1,000
1,000

$78
1,040
20
50
2,100
1,240
5
800
1,400
11
20
1,000
120
770
1,300

Amount Invested.

$315 00
1,000 00
30 00
1,500
1,000
190
800
1,000
230

00
00
00
00
00
00

1,000 00

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

402

REPORT

OF

THE

[P ub. D oc.

Nantucket Institution for Savings — Concluded.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 0 ,.................................................................................
Times for the dividends fixed by the by-laws : second Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
$10,114 93 1
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
10,447 76 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 153
Number of accounts closed during the year ending Oct. 31, 1900,
. I ll
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,357
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ..........................................................................................975
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , ................................................................................. 1,177
Date of examination by commissioner : August 27.


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

$27,821

01

20,562 69

2,088 50
77,218 40

68,739 67

N o. 8 .]

S A Y IN G S

BANK

403

C O M M IS S IO N E R S

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.
J ohn 0 . W

Present number of corporators, 36.

F r e d e r i c k 0 . B a s t o n , Treasurer.
F r e d e r i c k 0 . B a s t o n , Clerk o f the Corporation.

il s o n ,

President.

Names of committee charged with the investment of its funds:
W il l i a m N u t t ,
F r e d e r ic k O. B asto n ,
H e n r y C . M u l l ig a n ,

F r a n c is B i g e l o w ,
F rank H. H ayes,
W a l t e r B . R o b in s o n .

Open for business every business day, 9

a .m .

to 3

p .m .

Balance Sheet Oct. 31, 1900.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Real estate (for banking purposes)...........................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$228,000
500
68,920
16,115
143,000

00

00
00
00
00

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

$1,995,610 06
1 0 0 ,0 0 0 00

23,010 29
54,964 33

27,000 00
2,976 79
1,426,822 00
88,272 00
104,650
1,750
56,865
2,569
6,143
$2,173,584

00
00
83
88

18
68

$2,173,584

68

Cash on Deposit in Banks, amount in each : —
Shoe and Leather National Bank, Boston,...................................................... $30,000 00
Natick National Bank, N a t i c k ,........................................................................
26,865 83
Loan on Public Funds : —
$1,000 United States 4s..........................................................................................

$500 00

Loans on Bank Stock, amount on each: —
50 shares Natick National Bank, N atick ,................................................................ $4,600
40 shares Natick National Bank, N a tic k ,......................................................
3,600
12 shares Natick National Bank, Natick......................................................
975
5 shares Natick National Bank, N a tick ,......................................................
480
5 shares Natick National Bank, N a tick ,......................................................
460
100 shares South End National Bank, Boston..................................................
6,000


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

00
00
00
00
00
00

REPORT

404

OF

THE

[Pub. Doc

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

Par Value.

City of Beverly, Mass., 4s,
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6 s ,.
of Cleveland, Ohio, 4s,
of Fall River, Mass., 5s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton, Mass., 4s,
of Springfield, Ohio, 5s, .
of Waltham, Mass., 4s, .
of Worcester, Mass., 4£s,.
Town of Natick, Mass., 4s,
of Orange, Mass., 4s,
of Wellesley, Mass., 4s,

$7,000
11,000
10,000
13,000
5,000
16,000
9,000
15,000
15,000
25,000
22,000
13,000
6,000
30,000
13,000
18,000
$228,000

Estimated
Market Value.

$7,735
11,770
10,650
14,310
5,425
18,400
9,115
15,780
15,940
27,285
23,995
13,130
6,330
33,700
13,607
18,710

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

$245,882 00

Amount Invested.

$7,000
11,000
10,000
13,000
5,000
16,000
9,000
15,000
15,000
25,000
22,000
13,000
6,000
30,000
13,000
18,000

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

$228,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

26
7
27
5
19
70
46
10
15
46
42
14
30
15
10
20
7
20
55
32
33

Par Value.

Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,.
Monument Nat’l B’k, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
Second National Bank, Boston,
South End N’l Bank, Boston, .
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Home National B’k, Brockton,
First National Bank, Chelsea,.
Dedham Nat’l Bank, Dedham,


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

$2,600
700
2,700

Estimated
Market Value.

1,900
1,120
4,600
1,000
1,500
4,600

$2,600
728
3,213
25
2,660
70
7,498
1,000
2,910
5,060

00
00
00
00
00
00
00
00
00
00

4,200
1,400
3,000
1,500
1,000
2,000
700
2,000
5,500
3,200
3,300

7,938
1,652
4,200
2,100
1,740
1,540
749
3,000
9,625
3,360
3,498

00
00
00
00
00
00
00
00
00
00
00

—

Amount Invested.

$2,600 00
700 00
2,700 00
_

1,900
1,120
4,600
1,000
1,500
4,600

00
00
00
00
00
00

4,200
1,400
3,000
1,500
1,000
2,000
700
2,000
5,500
3,200
3,300

00
00
00
00
00
00
00
00
00
00
00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S

405

Natick Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

37
120
20

17
10

Par Value.

Wachusett N’l B’k, Fitchburg,
Natick National Bank, Natick,
Newton Nat’l Bank, Newton, .
Framingham National Bank,
South Framingham,
First N’l Bank, West Newton,

Estimated
Market Value.

Amount Invested.

S3,700
12,000
2,000

$4,995 00
14,400 00
1,800 00

$3,700 00
12,000 00
2,000 00

1,700
1,000

2,618 00
1 ,0 0 0 0 0

1,700 00
1,000 00

$68,920

$89,979 00

$68,920 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, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

$10,000
6,000
15,000
10,000
20,000
20,000
28,000
24,000
10,000
$143,000

Estimated
Market Value.

Amount Invested.

$10,750 00

$10,000 00

6,810
15,500
11,100
20,825
26,900
31,605
24,960
11,250

00
00
00
00
00
00
00
00

6,000
15,000
10,000
20,000
20,000
28,000
24,000
10,000

00
00
00
00
00
00
00
00

$159,700 00 $143,000 00

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

Amount.

$56,865 83
1 0 ,0 0 0 00

152,710 00

2

per cent.

H
4

“


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

“

Amount.

Rate.

Amount.

$11,080 00
1,165,742 00

4£ per cent.
5
“

$108,405 00
190,172 00

Rate.

5£ per cent.
6

406

REPORT

OF

THE

[Pub. D oc.

Natick Five Cents Savings Bank — Concluded.
Amount invested in real estate for banking purposes,....................................
$27,000 00
Estimated value of the s a m e , ........................................................................
25,000 00
Assessed value of the s a m e ,.................................................................................
29,600 00
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
2,976 79
Assessed value of the s a m e ,.................................................................................
3,150 00
Number of loans which are of an amount not exceeding $3,000 each, 721
Aggregate amount of the s a m e , ........................................................................
934,134 00
Total number of loans upon real e s t a t e , ............................................. 755
Amount of investments from which no income is received, .
.
.
.
3,900 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
93,729 40
Times for the dividends fixed by the by-laws: first Tuesday in May and
November.
Rate and amount of each semi-annual dividend f 2 per cent.,
$34,286 58 1
69,936 94
during the year ending Oct. 31, 1900,.
. ( 2 per cent.,
35,650 36 i
Number of accounts opened during the year ending Oct. 31, 1900,
1,048
Number of accounts closed during the year ending Oct. 31, 1900,
. 576
Total number of open accounts Oct. 31, 1900,
.
.
.
.
8,048
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
4,749 61
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
466,728 59
Number of s a m e , ................................................................................. 9,436
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
382,498 59
Number of s a m e , .................................................................................6,411
Date of examination by commissioner: February 26.


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

N o. 8 .]

NEW

S A V IN G S

BANK

BEDFORD F IV E

407

C O M M IS S IO N E R S .

CENTS S A V IN G S B A N K — N E W
BEDFORD .

Incorporated April 14,1855.

Present number of corporators, 150.

L oum S n o w , President.
W i l l i a m H. P it m a n , Treasurer.
J a m e s T a y l o e , Clerk o f the Corporation.

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 a k k m a n M. L u n d ,
W i l l i a m R. W in g ,
A n d r e w G . P i e r c e , Jr.,
O l iv e r P. B r ig h t m a n ,
G il b e r t N. H a l l ,
O t is N. P i e r c e .

Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 7 to 9

p .m .

B a l a n c e S h e e t O c t . 31, 1900.

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,
Boston Terminal Co. 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), ....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Bank liquidation account, .
Cash on hand, .
.
.
.

$896,500 00
138,900 00
1 ,1 0 0 00

441,500 00
25.000 00
92.000
130,516
2,641,644
2,408,221

00
42
14
22

483,000
990
129,513
1,187
640
13,760

00
00
19
29
00
15

$7,404,472 41

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Surplus fund, .
Discount account, .
Premium account, .
Suspense account, .
Rent account, .

$7,024,269 14
245,000 00
16,426 71
2,345
101,417
4,831
8,014
591
1,576

02
60
50
13
67
64

$7,404,472 41

Cash on Deposit in Banks, amount in each : —
Atlas National Bank, B o s t o n , ................................................................................ $10,875 26
19,826 12
National Bank of the Redemption, B o s t o n , .............................................
First National Bank, New Bedford.....................................................................
6,372 71


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

408

REPORT

OF

[P ub. Doc

THE

New Bedford Five Cents Savings Bank — Continued.
Mechanics’ National Bank, New Bedford,...................................................... $36,276 28
Merchants’ National Bank, New Bedford,......................................................
2,108 87
Pynchon National Bank, Springfield,...............................................................
8,107 70
Third National Bank, S p r i n g f i e l d ,...............................................................
45,946 25
Loans on Bank Stock, amount on each : —
5 shares First National Bank, New B e d f o r d ,.............................................
10 shares Merchants’ National Bank, New B edford,.................................... i
6 shares Mechanics’ National Bank, New Bedford,.....................................>
•
8
shares First National Bank, New B e d f o r d ,................................ . )

$300 00
800 00

Detailed Statement o f Public Funds.
'

Pai- Value.

City o f Bay City, Mich., 4s,
of Bay City, Mich., 5s,
of Boston, Mass., 3^s,
of Boston, Mass., 4s,
of Cambridge, Mass., 4s, .
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 4£s, .
of Danbury, Conn., 4s,
of Dayton, Ohio, 5 s,.
of Detroit, Mich., 3^s,
of Detroit, Mich., 4s,
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 Lynn, Mass., 4s, .
of Manchester, N. IL, 4s, .
of Meriden, Conn , 4s,
of New Bedford, Mass., 4s,
of New Haven, Conn., 8ès,
of Newton, Mass., 4s,
of Saginaw, Mich., 5ès, .
Town of Middleborough, Mass. (Fire
District), 4 s ,..................................


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

$13,000
5,000
50,000
10,000
30,000
20,000
25,000
30,000
50,000
50,000
50,000
7,000
25,000
10,000
17,000
73,000
50,000
25,000
50,000
20,000
119,000
50,000
50,000
10,000

Estimated
Market Value.

$14,080
6,225
52,500
10,650
30,000
20,550
25,250
33,450
54,080
53,000
55,750
7,770
26,625
11,300
19,295
79,935
55,750
28,000
53,500
21,350
136,427
50,412
55,000
12,000

57,500

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

60,662 50

Amount Invested.

$13,000
5,000
50,000
10,000
30,000
20,000
25,000
30,000
50,000
50,000
50,000
7,000
25,000
10,000
17,000
73,000
50,000
25,000
50,000
20,000
119,000
50,000
50,000
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

57,500 00

$896,500 $973,562 50 $896,500 00
A legal investment when made.

N o. 8 .]

S A Y IN G S

BANK

409

C O M M IS S IO N E R S .

New Bedford Five Cents Savings Bank — Continued.
D etailed Statem ent o f B a n k Stocks.
<♦-* œ
O o>

Estimated
Market Value.

* S

100
100
40
20
12
15
100
100
325
523
300
100

First National Bank, Boston, .
Merchants1 N’l Bank, Boston,.
Nat’l Shawmut Bank, Boston,.
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Franklin N’l Bank, Franklin, .
Citizens’ National Bank, New
Bedford,
.
.
.
.
First Nat’l B’k, New Bedford,
Merchants’ Nat’l Bank, New
Bedford..................................
National Bank of Commerce,
New Bedford,
Third Nat’l Bank, Springfield,

$10,000
10,000
4,000
2,000
600
1,500
10,000

$18,000
16,300
6,720
2,140
120
2,250
11,700

00
00
00
00
00
00
00

$10,000
10,000
4,000
2,000
600
1,500
10,000

00
00
00
00
00
00
00

32,500

100 00
40,625 00

32,500 00

52,300

100,416 00

52,300 00

6,000
10,000

1,500 00
22,500 00

6,000 00
10,000 00

_

$138,900

-

$222,371 00 $138,900 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
•Chic., Burlington & Quincy R.R. 8£s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s, .
Old Colony R.R. 4s, .

$89,000
50,000
50,000
52,500
50,000
50,000
100,000

Market Value.

$92,560
57,250
51,000
59,850
52,000
50,000
111,000

00
00
00
00
00
00
00

Amount Invested.

$89,000
50,000
50,000
52,500
50,000
50,000
100,000

00
00
00
00
00
00
00

$441,500 $473,660 00 $441,500 00

Boston T erm in al C om pany Bonds.
Estimated
Market Value.

Boston Terminal Company 3ès,


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

$25,000

$28,750 00

$25,000 00

REPOET

410

OF

[P ub. D oc.

THE

New Bedford Five Cents Savings Bank — Concluded.
Total A m ou n t o f L oans , with E ach Specified R ate o f In terest.

Amount.

$115,032
6,372
108,107
25.000
50.000
50.000
230,000

Kate.

78
71
70
00
00
00
00

per cent.
“
3
“
2

2h

3fo
3|
3|
3|

“
“

Amount.

$205,000
25,000
1,087,890
466,500
4,000
804,427
182,850

Rate.

00
00
05
00
00
84
00

3| per cent.
3£
“
4
<<
4J
“
4|
“
44
“
4*
“

Amount.

$14,000
751,053
54,750
1,275,374
4,113
204,995

Rate.

00
94
00
86

11
56

4g per cent.
5
5i
“
H
“
5|
“
6
“

Amount invested in real estate for banking purposes,.................................... $92,000 00
Estimated value of the s a m e , ........................................................................
115,000 00
Assessed value of the same.....................................................................................
93,400 00
Net income received from same during year ending Oct. 31, 1900,
.
.
3,650 44
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
130,516 42
Assessed value of the s a m e ,.................................................................................
101,900 00
Net income received from same during year ending Oct. 31, 1900,
.
.
8,585 51
Number of loans which are of an amount not exceeding $3,000 each, 905
Aggregate amount of the s a m e , ........................................................................ 1,125,007 00
Total number of loans upon real estate.............................................. 1,063
Amount of investments from which no income is received, .
.
.
.
17,733 25
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
334,656 73
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2per cent.,$129,849 84 1 2 4 7 4 03 25during the year ending Oct. 31, 1900, .
.1 1| per cent.,
117,553 41 1
Number of accounts opened during the year ending Oct. 31, 1900,
3,228
Number of accounts closed during the year ending Oct. 31, 1900,
2,126
Total number of open accounts Oct. 31, 1900....................................
23,513
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
16,600 31'
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 0 ,.......................................................................................... 1,336,970 30‘
Number of s a m e ,.................................................................................
25,750
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................ 1,216,196 93
Number of same...................................................................................... 15,100
Date of examination by commissioner: October 19.


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

N o. 8 .]

S A Y IN G S

BANK

411

C O M M IS S IO N E R S .

N E W BEDFORD IN S T IT U T IO N FOR S A V IN G S — N E W
BEDFORD.
Incorporated June 16, 1825.
W

il l ia m

Present number of corporators, 130.

W . C r a p o , President.
W

il l ia m

G. W

ood ,

C h a r l e s H. P ie r c e , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W

il l i a m

W . Crapo,

F r e d e r ic k G r i n n e l l ,

A n d r e w G . P ie r c e ,
T h o m a s B. T r i p p ,
G id e o n A l l e n , Jr.,
O l i v e r P r e sc o t t , Jr.,
Clar en c e A . Cook.

Open for business every business day, 9

B

alance

a .m .

to 1 p . m . ; also Saturdays, 7 to 9

Sheet Oct.

p .m .

31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, . $2,745,300 00
3,700 00
Loans on public funds,
902,810 00
Bank stock, as per schedule,
132,600
00
Loans on bank stock,
1,068,000 00
Railroad bonds, as per schedule,
75.000 00
Loan on railroad bonds,
106,000 00
Loans on railroad stock, .
Real estate (for banking pur­
170,000 00
poses),
....................................
17,723 95
Other real estate,
3,518,210
71
Loans on real estate, .
4,648,870 00
Loans on personal security,
Loans to counties, cities or towns
1,040,940 00
(notes), ....................................
284,206 55
Deposits in banks, on interest, .
1,785 76
Expense account,
1 0 .0 0 0 00
Border City Mfg. Co. stock,* .
40,881
37
Cash on hand, .
.
.
.

$13,958,519 05
Deposits, .
700,000 00
Guaranty fund,
Profit and loss ac­
107,509 29
count, .

$14,766,028 34

$14,766,028 34

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
National Shawmut Bank, Boston,
First National Bank, New Bedford, .
Mechanics’ National Bank, New Bedford, .
Merchants’ National Bank, New Bedford, .
Pynchon National Bank, Springfield, .


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

$3,254
148,575
28,668
28,783
24,925
50,000

49
29
59
06
12
00

412

REPORT

OF

THE

[Pub. Doc

New Bedford Institution for Savings — Continued.
Loans on Public Funds, amount on each: —
$2,500 United States 4 s , ...........................................................................................$2,300 00
1,500 United States 4 s , .................................................................................
1,400 00
Loans on Bank Stock, amount on each: —
1,000 shares Merchants’ National Bank, L o w e l l , ................................ $100,000 00
100 shares National Bank of South Reading, Wakefield,
.
.
.
9,000 00
70 shares National Bank of South Reading, Wakefield,
.
.
.
6,400 00
134 shares Traders’ National Bank, L o w e l l , .............................................
13,400 00
5 shares Mechanics’ National Bank, New Bedford, .
.
.
.
500 00
5 shares Mechanics’ National Bank, New Bedford, .
.
.
.
500 00
9 shares First National Bank, NewB e d f o r d , ..................................
800 00
25 shares Falmouth National Bank,F a l m o u t h ,......................................
2,000 00
Loan on Railroad Bonds : —
$79,000 Chicago, Burlington & Quincy R .R . 3 ^ s , .................................... $75,000 00
Loans on Railroad Stock, amount on each: —
518 shares Boston & Maine R . R . , ....................................................................... $73,000 00
178 shares Boston & Maine R . R . , ...............................................................
25,000 00
50 shares Boston & Albany R . R . , ...............................................................
8,000 00

Detailed Statement o f Public Funds.
P a r V alue.

United States 4s,
. . .
District of Columbia 6s, .
Massachusetts 3s................................
Massachusetts 3£s, .
.
.
.
New York 3 s , ..................................
City of Bay City, Mich., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s,.
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 4£s, .
of Cleveland, Ohio, 5s,
of Danbury, Conn., 4s,
of Dayton, Ohio, 5 s,.
of Detroit, Mich., 4s,
of Grand Rapids, Mich., 5s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 6s,
of Milwaukee, Wis., 5s, .
of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of New Bedford, Mass., 6s,
of Peoria, 111., 4^s, .


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

E stim ated
M a rk et V alue.

A m ou n t In v ested

$107,700 $145,395 00 $107,700 00
20,000
21,000 00
20,000 00
200,000
203,000 00
200,000 00
215,000
237,575 00
215,000 00
100,000
99,000 00
100,000 00
42,500
42,925 00
42,500 00
450,100
479,603 00
450,100 00
1,000
1,062 50
1,000 00
1,000
1,092 50
1,000 00
50,000
53,750 00
50,000 00
100,000
101,000 00
100,000 00
11,000
11,110 00
11,000 00
50,000
55,000 00
50,000 00
100,000
104,750 00
100,000 00*
300,000
334,500 00
300,000 00
130,000
141,700 00
130,000 00
143,000
149,077 50
143,000 00
7,000
7,140 00
7,000 00
72,000
79,560 00
72,000 00
50,000
54,000 00
50,000 00
10,000
10,400 00
10,000 00
100,000
116,000 00
100,000 00
50,000
53,250 00
50,000 00

* A legal investment when made.

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

413

New Bedford Institution for Savings — Continued.
Detailed Statement of Public Funds — Concluded.
E stim ated
P ar V alue.

A m ou n t In vested.

M ark et V alue.

$57,000 00 $50,000 00
$50,000
61,000 00
66,642 50
61,000
86,000 00
86,000 ' 89,010 00
60,000 00
66,900 00
60,000
25.000 00
26.875 00
25.000
53.875 00 ■ 50,000 00*
50.000
34.000 00
38,080 00
34.000
69.000 00
73,140 00
69.000

City of Providence, R. I., 4s, .
of Providence, R. I., 5s, .
of Salem, Mass., 4s,.
of Springfield, Ohio, 4£s, .
of Waltham, Mass., 4s, .
of Woonsocket, R. I., 4s, .
Town of Attleborough, Mass., 7s, .
of Fairhaven, Mass., 4s,

$2,745,300 $2,973,413 00 $2,745,300 00
* A legal investment when made.

K o. o f
Shares.

Detailed Statement o f Bank Stocks.

360
90
230
230
100
460
200
200
490
30
20
200
612
130
40
530
140
140
90
175
130
18
200
22
200
250
45
1356

,
Atlas National Bank, Boston, .
Eliot National Bank, Boston, .
First National Bank, Boston, .
Merchants’ Nat’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 Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
N’l Shawmut Bank, Boston, .
National Union Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
Shawmut Nat’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,.
N’l B’k of Fairhaven, Fairhaven,
Fall River N’l B’k, Fall River,
Metacomet N’l B’k, Fall River,
Railroad Nat’l Bank, Lowell, .
First N’l Bank, New Bedford,


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

P ar V a lue.

E stim ated

A m ou n t I n ­

M a rk et V alue.

v ested.

$36,000
9,000
23,000
23,000
10,000
46,000

$36,000
12,600
41,400
37,490
19,400
50,600

00 $36,000 00
9,000 00
00
23,000 00
00
23,000 00
00
10,000 00
00
46,000 00
00

20,000
20,000
49,000

37,800
23,600
68,600
120
2,800
21,400
102,816
17,290
5,600
92,220
1,120
17,080
9,630
1,750
13,390
2,700
21,000
1,540
21,000
31,250
5,625
169,500

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

-

2,000
20,000
61,200
13,000
4,000
53,000

-

14,000
9,000
8,750
13,000
1,800
20,000
1,760
20,000
25,000
4,500
135,600

20,000 00
20,000 00
49,000 00
2,000 00
20,000 00
91,800 00
13,000 00
4,000 00
53,000 00
14,000 00
9,000 00
8,750 00
13,000 00
1,800 00
20,000 00
1,760 00
20,000 00
25,000 00
4,500 00
135,600 00

414

REPORT

OF

THE

[P ub. D oc.

New Bedford Institution for Savings — Continued.

N o. o f
Shares.

Detailed Statement o f Bank Stocks — Concluded.

1000
1096
1366
200

P a r V a lue.

Mechanics’ National Bank, New
Bedford,
.
.
.
.
Merchants’ National Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,
Third Nat’l B’k, Springfield, .

E stim ated

A m ou n t I n ­

M ark et V alue.

v ested .

$100,000

$140,000 00

$100,000 00

109,600

210,432 00

109,600 00

27,320
20,000

6,830 00
45,000 00

20,000 00

$899,530 $1,267,583 00 $902,810 00

Detailed Statement o f Railroad Bonds.
P a r V a lu e.

Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4£s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3£s,
Fitchburg R.R. 5s, .
.
.
.
Illinois Central R.R, 3<£s, .
Michigan Central R.R. 5s,
New York Central & Hudson River
R.R. 7 s ,...........................................
Old Colony R.R. 4s,.

E stim ated

A m ou n t In vested.

M a rk et V a lu e.

$25,000
39,000

$27,812 50
45,240 00

$25,000 00
39,000 00

13,000
20,000
200,000
100,000
100,000
10,000
30,000
50,000
50,000
6,000
100,000
100,000

14,690
20,450
227,500
103,250
110,000
11,500
32,850
57,000
50,500
6,060
100,750
101,500

13,000
20,000
200,000
100,000
100,000
10,000
30,000
50,000
50,000
6,000
100,000
100,000

25,000
200,000

26,687 50
224,000 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

25,000 00
200,000 00

$1,068,000 $1,159,790 00 $1,068,000 00

Total Am ount of Loans, with Each Specified Rate o f Interest.
A m ou n t.

$234,206
310.000
50.000
75.000
995.000
125.000

B a te.

55
00
00
00
00
00

2 0 0 .0 0 0 00


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

2
2|

per cent.

3
31
3Ï
3A
3f

“
»
«
»
“

A m ou n t.

K ate.

A m ou n t.

K ate.

$25,000 00
991,500 00
2,062,650 00

3| per cent.
3|
«
4
“
4£
H
“
4f
»

$1,762,300 00

4£ per cent.
4|
«
5
“
5è
“
5|
»
6
“

1 0 0 ,0 0 0 0 0

1,025,000 00
175,000 00

1 1 0 ,0 0 0 00

856,734
624,944
1,400
85,792

71
00
00
00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

415

New Bedford Institution for Savings — Concluded.
Amount invested in real estate for banking purposes,.................................... $170,000
170,000
Estimated value of the s a m e , ........................................................................
140,956
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
17,723
o th e r w ise ,............................................................................................................
22,394
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 491
636,796
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 582
Gross amount of interest or profits received or earned, as per books,
635,763
during year ending Oct. 31, 1 9 0 0 , ...............................................................
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., $266,287 66 I 503,298
during the year ending Oct. 31, 1900,.
.1 1| per cent.,
237,010 43
Number of accounts opened during the year ending Oct. 31, 1900,
3,160
Number of accounts closed during the year ending Oct. 31, 1900,
2,326
Total number of open accounts Oct. 31, 1900,
.
. - •
• 25,133
Total expenses of the corporation for the year ending Oct. 31,1900 (ex­
26,072
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,.......................................................................................... 1,875,867
Number of s a m e , ........................................................................................ 18,544
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ................................................................................................... 2,038,206
Number of s a m e , ........................................................................................ 19,210
Date of examination by commissioner: October 18.


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

00
00

00
95
00
00

94

09

84
12

38

416

REPORT

OF

THE

[Pub. Doc

N E W B U R Y P O R T F IV E CENTS S A V IN G S B A N K — N E W BU RYPO R T.

Incorporated April 24,1854.

Present number of corporators, 46.

M oses H . F o w l e r , President.
J. A . M a y n a r d , Treasurer.
J. A. M a y n a r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
M oses H . F o w l e r ,
N a t h a n ie l D o l e ,

W i l l i a m F . H o uston ,
W . R . J o h n so n .

Open for business every business day, 8.30

Balance

Sheet O ct.

A ssets.

a .m .

to 2

p .m .

31, 1900.

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,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$433,400
88,390
31.000
217,000

00
00
00
00

30.000
15,675
596,245
299,250

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Premium account,

.

$1,627,593
80,500
72,892
725

45
OO
93
00

16,200 00
48,947 43
212 50
5,391 45
$1,781,711 38

$1,781,711 33

Cash on Deposit in Banks, amount in each: —
First National Bank, Newburyport,
Fourth National Bank, Boston, .

.

.

.

$44,511 07
4,436 36

Loans on Bank Stock, amount on each: —
50 shares Essex National Bank, Haverhill,
200 shares Broadway National Bank, Boston,
100 shares Malden Trust Company, Malden,


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

$3,500 00
20,000 00

7,500 00

N o. 8 .]

S A V IN G S

BANK

417

C O M M IS S IO N E R S

Newbury port Five Cents Savings Bank — Continued.

Detailed Statement o f Public Funds.
E stim ated
P a r V alue.

County of Aroostook, Me., 4£s,
City of Boston, Mass., 3£s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 4s,
of Danbury, Conn., 4s,
of Dubuque, Iowa, 4s,
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 4£s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4£s,.
of Lynn, Mass., 3is,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of Melrose, Mass., 4s,
of Meriden, Conn., 4s,
of Nashua, N. H., 4s,
of New Britain, Conn., 4s,
of Newton, Mass., 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., 4 s , .
of Cranston, R. I., 4s,
of Holbrook, Mass., 4 s ,.
of Hatfield, Mass., 4s, .
of Hull, Mass., 4s, .
of Hyde Park, Mass., 4s,
of North Andover, Mass., 4s,
of Watertown, Mass., 4s,
of Westfield, Mass., 4s, .
of West Springfield, Mass., 4s,


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

M a rk et V a lue.

A m ou n t In v ested .

110,000
20,000
6,000
25,000
6,000
6,000
14,000
10,000
2,000
15,000
17,000
2,000
20,000
5,000
32,000
5,000
15,000
2,000
22,000
15,000
10,000
10,000
1,000
10,000
14,000
10,000
14,000
25,000
5,000
16,400
15,000
2,000
4,000
2,000
1,000
24,000
9,000
2,000
10,000

$11,200 00
20,800 00
6,310 00
27,625 00
6,195 00
6,060 0 0
15,470 00
10,800 00
2,055 00
16,950 00
18,827 00
2,050 00
22,800 00
5,063 00
32,479 00
5,025 00
16,537 00
2,065 00
23,630 00
15,800 00
10,800 00
11,350 00
1,070 00
10,850 00
14,805 00
10,100 00
14,932 00
27,000 00
5,350 00
16,889 00
16,875 00
2,150 00
4,580 00
2,105 0 0
1,007 00
26,640 00
9,340 00
2,130 0 0
11,450 0 0

$10,000 0 0
20,000 0 0
6,000 0 0
25,000 0 0
6,000 0 0
6,000 0 0
14,000 0 0
10,000 0 0
2,000 0 0
15,000 0 0
17,000 0 0
2,000 00
20,000 00
5,000 00
32,000 00
5,000 00
15,000 00
2,000 00
22,000 00
15,000 00
10,000 00
10,000 00
1,000 00
10,000 00
14,000 00
10,000 0 0
14,000 0 0
25,000 00
5,000 00*
16,400 0 0
15,000 00
2,000 00
4,000 00
2,000 00
1,000 0 0
24,000 00
9,000 0 0
2,000 0 0
10,000 0 0

$433,400

$467,164 00

$433,400 00

* A legal investment when made.

418

REPORT

OF

[P u b. Doc

THE

Newburyport Five Cents Savings Bank — Continued.

Ko. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’ l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
23 N’ l B’k of the Republic, Boston,
80 National City Bank, Boston, .
5 Nat’l Exchange Bank, Boston,
25 N’l Hide & Leather B’k, Boston,
204 Nat’l Shawmut Bank, Boston,.
24 National Union Bank, Boston,
37 Nat’l Webster Bank, Boston, .
10 New England N’l B’k, Boston,
10 Shawmut Nat’l Bank, Boston,
70 Shoe & Leather N’l B’k, Boston,
8 Suffolk National Bank, Boston,
118 Third National Bank, Boston,.
25 Tremont National B’k, Boston,
56 First N’l Bank, Newburyport,
50 Mechanicks’ National Bank,
Newburyport,
89 Ocean Nat’l B’k, Newburyport,
10
60
22
8
42
33
50
18
100

$1,000
6,000
990
800
-

3,300
800
1,800
10,000
2,300
-

500
2,500
20,400
2,400
3,700
1,000
_
7,000
800
11,800
1,250
5,600

Estimated
Market Value.

Amount Invested.

$1,150
6,000
550
832
210
4,620
50
1,980

00
00
00
00
00
00
00
00

$1,000
6,000
990
800

18,900
3,220
320
700
2,675
34,272
3,192
3,552
1,400
80
8,540
872
11,446
250
7,112

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

10,000 00
2,300 00
_
500 00
2,500 00
20,400 00
2,400 00
3,700 00
1,000 00

00
00
00
00

_

3,300 00
800 00
1,800 00

-

7,000
800
11,800
1,250
5,600

00
00
00
00
00

4,450

1,750 00
4,450 00

4,450 00

$88,390

$118,123 00

$88,390 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,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 3¿s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .


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

$30,000
10,000
35,000
10,000
10,000
10,000
25,000
15,000

Estimated
Market Value.

$31,500
11,500
44,275
10,200
10,500
10,200
27,500
16,725

00
00
00
00
00
00
00
00

Amount Invested.

$30,000
10,000
35,000
10,000
10,000
10,000
25,000
15,000

00
00
00
00
00
00
00
00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S

419

Newburyport Five Cents Savings Bank — Continued.
Detailed Statement of Railroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$15,000

$15,825 00

$15,000 00

10,000
15,000

11,600 00
16,665 00

10,000 00
15,000 00

10,000
10,000
12,000

13,300 00
10,800 00
13,560 00

10,000 00
10,000 00
12,000 00

Par Value.

Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 4s, .
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,

$217,000 $244,150 00 $217,000 00

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

$4,436 36
44,511 07

Kate.

2J
2|

1 0 ,0 0 0 00

34

25,000, 00
103,200 00

3è
4

per cent.
“
“

Amount.

$96,700 00
110,400 00
5,000 00
1 0 ,0 0 0 00

449,470 00

Bate.

Amount.

4| per cent.
4A
“
4|
«
4?
“
5*
«

$3,500
52,800
74,400
2,225

Kate.

00
00
00
00

54 per cent.
5à
“
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 of the s a m e ,.................................................................................
33.000 00
Net income received from same during year ending Oct. 31, 1900,
576 56
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
15,675 00
Assessed value of the s a m e ,.................................................................................
18,525 00
Number of loans which are of an amount not exceeding $3,000 each, 303
Aggregate amount of the same...............................................................................
314,745 00
Total number of loans upon real e s t a t e , ............................................. 341
Amount of investments from which no income is received,
21,375 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
73,387 53
Times for the dividends fixed by the by-laws : first Monday in May and
November.
Rate and amount of each semi-annual dividend f 2 per cent.,
$28,263 96 1
57,922 96
during the year ending Oct. 31, 1900, .
. i 2 per cent.,
29,659 00 f
Number of accounts opened during the year ending Oct. 31, 1900,
. 424
Number of accounts closed during the year ending Oct. 31, 1900,
. 221
Total number of open accounts Oct. 31, 1900,
.
.
.
.
3,916


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

4 20

REPORT

OF

THE

[P ub. D oc.

Newburyport Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes)..................................................................................................... $3,966 46
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
236,546 44
Number of s a m e , ................................................................................. 2,124
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900,
.
.................................................................................
166,105 68
Number of s a m e , ................................................................................. 1,874
Date of examination by commissioner : March 29.


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

421

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.
C

harles

T.

P

u l s if e r

C

,

Present number of corporators, 16.

President.

harles

A. M

in e r

,

A d o l p h u s J. B l a n c h a r d , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
F

r a n c is

M

urdock

Sam

,

C

uel

harles

T.

P

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

B a l a n c e Sh e e t O c t .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
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,
Income and expenses of real es­
tate by foreclosure,.
Taxes paid,
.
.
.
.
Cash on hand, .
.
.
.

u l s if e r

,

M . Jack so n .

a

.m .

to 3

p .m

.

; Satur­

31, 1900.

L ia b il it ie s .

$106,000
21,074
8,150
300.000
250.000

50
00
00
00

50,000
63,900
2,613,803
927,709
95,632
349

00
00
23
42
90
17

00

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

$4,243,228 66
111,400 00
49,891 00
44,883 29
224 24

455 90
2,535 43
10,016 64
$4,449,627 19

$4,449,627 19

Cash on Deposit in Banks, amount in each:—
National Bank of Redemption, B o s t o n , .......................................................$59,736 89
35,896 01
Newton National Bank, Newton,
...............................................................


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

422

REPORT

OF

THE

[Pub. Doc

Newton Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
16 shares Merchants’ National Bank, Boston,
10 shares Merchants’ National Bank, Boston,
5 shares Mechanics’ National Bank, Boston,
7 shares Dedham National Bank, Dedham,
61 shares First National Bank, West Newton,

$

1,200
1,000
450
500
5,000

00
00
00
00
00

Detailed Statement o f Public Funds.
Par Value.

County of Washington, Me., 4s,
City of Bangor, Me., 6s, .
of Cleveland, Ohio, 4s,
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., 4 s ,.

-$10,000
1,000
3,000
2,000
5,000
50,000
10,000
5,000
5,000
15,000

Estimated
Market Value.

$11,100
1,120
3,045
2,050
5,675
54,500
10,950
5,425
5,450
16,050

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
1,000
3,000
2,000
5,000
50,000
10,000
5,000
5,000
15,000

00*
00
00
00
00
00
00
00
00
00

$106,000 $115,365 00 $106,000 00
* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

*50
116
60

Par Value.

Commercial N’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
National Bank of the Commonwealth, Boston,
6 State National Bank, Boston, .
10 First Nat’l Bank, Cambridge,.
25 Wachusett N’l B’k, Fitchburg,
25 Natick National Bank, Natick,
24 Newton Nat’l Bank, Newton, .


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

$5,000
1,160
6,000
600
1,000
2,500
2,500
2,400
$21,160

Estimated
Market Value.

$3,500 00
348 00
11,340
642
1,550
3,375
3,000
2,160

00
00
00
00
00
00

$25,915 00

* Since reduced to 25 through reorganization.

Amount Invested.

$5,000 00
1,160 00
6,000
600
1,000
2,500
2,500
2,314

00
00
00
00
00
50

$21,074 50

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

423

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

Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4is,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4is, .
.
.
.
Fitchburg R.R. 5s, .
.
Maine Central R.R. 7s,
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................

$50,000
21,000
100,000
20,000
25,000
27,000
7,000
25,000
25,000
$300,000

Estimated
Market Value.

$55,750
21,830
126,500
22,000
28,125
29,655
9,415
27,875

Amount Invested.

00
00
00
00
00
00
00
00

33,250 00

$50,000
21,000
100,000
20,000
25,000
27,000
7,000
25,000

00
00
00
00
00
00
00
00

25,000 00

$354,400 00 $300,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3ès,

$250,000

Estimated
Market Value.

Amount Invested.

$287,500 00 $250,000 00

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

$35,896
59,736
50,000
287,500

Rate.

01
89
00
00

2
2à
3*
4

per cent.
“
“
“

Amount.

$97,000
673,300
136,050
2,115,012

Rate.

00
00
00
65

4,1 per cent.
4è
4|
“
5
“

Rate.

Amount.

$8,200 00
165,950 00
16,650 00

54 per cent.

51
6

“
«

Amount invested in real estate for banking purposes,.............................. $50,000
Estimated value of the same,.......................................................................
50,000
53,600
Assessed value of the s a m e ,.......................................................................
Net income received from same during year endingOct. 31, 1900,
.
.
838
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,..................................................................................................
63,900
Assessed value of the s a m e ,.......................................................................
59,300
Net income received from same during year endingOct. 31, 1900,
.
.
404
Number of loans which are of an amount not exceeding $3,000 each, 378
Aggregate amount of the s a m e , ........................................................................
629,455
Total number of loans upon real e s t a t e , ............................................. 626
Amount of investments from which no income is received, .
.
..
44,548


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

00
00
00
27
00
00
56
00
59

424

REPORT OF

THE

[P ub. D oc.

Newton Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................ $187,849 84
Times for the dividends fixed by the by-laws : January 10 and July 10.
Rate and amount of each semi-annual dividend f 2 per cent., $73,088 17 1
149,872 15
during the year ending Oct. 31, 1900,.
.
l 2 per cent., 76,783 98 I
Number of accounts opened during the year ending Oct. 31, 1900,
1,572
Number of accounts closed during the year ending Oct. 31, 1900,
. 852
Total number of open accounts Oct. 31, 1900,
.
.
.
.
12,126
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
11,886 12
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
876,342 33
Number of s a m e , ................................................................................. 11,538
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 0 , ...................................................................................................
618,006 66
Number of same.......................................................................................8,181
Date of examination by commissioner : March 12.


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

N o. 8 .]

S A Y IN G S

BANK

425

C O M M IS S IO N E R S .

N E W T O N CE N TR E S A V IN G S B A N K — N E W T O N C E N T R E .

Incorporated Feb. 25,1896.

Present number of corporators, 28.

S e w a r d W . J o n e s , President.
M e l l e n B r a y , Treasurer.
W i l l i a m M . F l a n d e r s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Se w a r d W . Jo n es,
D . H . A ndrew s,
E r a s t u s T. C o l b u r n ,
D w ig h t Ch e s t e r ,
E d w a r d B . E aton.

Open for business every business day except Saturdays, 9 to 11.30
Saturdays, 9 a . m . to 12 m .

B alance Sh e e t Oct.

2 to 3.30

f .m . ;

31, 1900.

L ia b il it ie s .

A ssets.

Loan on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Premium account,
Real estate income and expense
accoun t,....................................
Cash on hand.................................

a .m . ;

$850
3,310
45,990
4,400
190,885
69,900
8,207
131
5,303

00
00
00
00
00
00
49
80
75

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

$324,191 87
1,548 76
1,043 26
2,940 18

251 19
494 84
$329,724 07

$329,724 07

Cash on Deposit in Bank : —
Newton Centre Trust Company, Newton Centre,

$8,207 49

Loan on Public Funds : —
$3,000 City of Boston, Mass., 4s,


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

$850 00

REPORT

426

OF

[P ub. Doc

THE

Newton Centre Savings Bank — Continued.
Detailed Statement o f Bank Stocks.
o 2

©*
12
10
20

Par Value.

Blackstone N’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Newton Centre Trust Com­
pany, Newton Centre, .

Estimated
Market Value.

Amount Invested.

$540
1,000

$300 00
1,220 00

$360 00
950 00

2*000

2,000 00

2,000 00

$3,540

$3,520 00

$3,310 00

Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
Housatonic R.R. 4s, .
Illinois Central R.R. 34s,.
Mahoning Coal R.R. 5s, .
Maine Central R.R. 4s,
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York & New England R.R. 6s,
Penobscot Shore Line R.R. 4s,
Western Pennsylvania R.R. 4s,

Estimated
Market Value.

Amount Invested.

$3,000
1,000
7,000
1,000
6,000
5,000
1,000

$3,337
1,255
7,665
1,042
6,050
6,400
1,125

50
00
00
50
00
00
00

$3,000
1,000
7,000
1,000
5,990
5,000
1,000

00
00
00
00
00
00
00

9,000
5,000
3,000
5,000

10,595
5,462
3,225
5,550

00
50
00
00

9,000
5,000
3,000
5,000

00
00
00
00

$46,000

$51,707 50

$45,990 00

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

Amount.

$8,207 49
5,000 00

2

4|

per cent.

Amount.

Rate.

$183,135 00
31,100 00

5 per cent.
54
“

Amount.

$42,400 00

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1900,
.
.
Number of loans which are of an amount not exceeding $3,000 each,
62
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 72
Amount of investments from which no income is received...............................


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

Rate.

6

per cent.

$4,400 00
4,500 00
300 00
92,485 00
360 00

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

427

Newton Centre Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ............................................................... $13,257 04
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.,
$4,437 76 )
g^
during the year ending Oct. 31, 1900,
.
l 2 per cent.,
5,167 19 S
Number of accounts opened during the year endingOct. 31, 1900, . 375
Number of accounts closed during the year endingOct. 31, 1900, . 105
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,300
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
437
Amounts of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 , ..........................................................................................
129,785
Number of s a m e , ..........................................................................2,142
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
59,011
Number of s a m e ,........................................................................................946
Date of examination by commissioner : October 1.


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

g.

17
73

28

428

REPORT

OF

THE

[Pub. Doc

NONOTTJCK S A V IN G S B A N K — N O R T H A M P T O N .

Incorporated Feb. 9, 1899.

Present number of corporators, 56.

G e o r g e L . L o o m is , President.
J o h n P r i n c e , Treasurer.
I sa a c B r id g m a n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
It. L . W

il l is t o n ,

Joh n P r in c e ,
O. W . P r o u t y .

Open for business every business day except Saturdays, 9 a . m . to 3
9 a . m . to 12 M.

Balance Sheet Oct.

; Saturdays,

31, 1900.

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Premium account,
State t a x , ....................................
Furniture and fixtures,
Cash on hand, .
.
.
.

p .m .

L ia b il it ie s .

$31,572
900
289,276
48,138

00
00
70
00

500
34,055
451
1,225
189
465

00
83
26
00
74
95

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

$402,754 47
725 00
2,712 18
792 93

2 1 0 10

$406,984 58

$406,984 58

Cash on Deposit in Banks, amount in each : —
First National Bank, N ortham pton,....................................
Hampshire County National Bank, Northampton,
Springfield National Bank, Springfield,
.
.
.
.
Hampden Loan and Trust Company, Springfield,

$9,108
4,544
5,402
15,000

79
22
82
00

Loans on Bank Stock, amount on each: —
3
10

shares First National Bank, Northampton, .
shares Hampshire County National Bank, Northampton,


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

$300 00
600 0 0

N o. 8 .]

S A Y IN G S

BANK

429

C O M M IS S IO N E R S

Nonotuck Savings Bank — Concluded.
Detailed Statement o f Bank Stocks.
Par Value.

Miller’s River N’l B’k, A th ol,.
Conway Nat’l Bank, Conway,
Chicopee N’l B’k, Springfield,
City National B’k, Springfield,
First Nat’l Bank, Springfield, .
Second N’l Bank, Springfield,
Hampden Nat’l B’k, Westfield,
First National B’k, Worcester,

$500
2,000
5.000
3.700
600
3.700
700
5.000
$21,200

Estimated
Market Value.

Amount Invested.

$875
2,000
7,750
5,328
630
4,810
1,050
9,500

$875
1,800
7,750
5,365
672
4,810
1,050
9,250

00
00
00
00
00
00
00
00

$31,943 00

00
00
00
00
00
00
00
00

$31,572 00

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

Rate.

Amount.

$13,653 01
5,402 82
15,000 00

3 per cent.
3è
“
4
“

Amount.

$ 1 0 ,0 0 0 00
310,614 70

Rate.

4£ per cent.
5

Rate.

Amount.

$12,300 00
5,900 00

5£ per cent.
6

Number of loans which are of an amount not exceeding $3,000 each, 157
Aggregate amount of the s a m e , ........................................................................ $206,289
Total number of loans upon real e s t a t e , ............................................. 148
Gross amount of interest or profits received or earned, as per books,
11,191
during year ending Oct. 31, 1900........................................................................
Times for the dividends fixed by the by-laws: first Wednesday in June
and December.
Rate and amount of each semi-annual dividend f 2 per cent.,
$3,066 17 j
7,831
during the year ending Oct. 31, 1900, .
. ( 2 per cent.,
4,765 76 >
Number of accounts opened during the year ending Oct. 31, 1900, . 680
Number of accounts closed during the year ending Oct. 31, 1900,
. 85
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,257
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
627
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
256,299
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ................................................................................. 1,954
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of same............................................................................................... 491
Date of examination by commissioner: June 14.


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

70

53

93

77
77

43,595 98

430

REPORT

OF

THE

[P u b. Doc

N O R TH A D AM S S A V IN G S B A N K — N O R T H A D A M S .
Incorporated April 26, 1848.

Present number of corporators, 31.

A. C. H o u g h t o n , President.
V . A . W h i t a k e r , Treasurer.
V . A . W h it a k .e e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
G e o r g e L. R

F. A . W

ic e ,

il c o x s o n ,

W . H . Gatlo rd .

Open fo r business every business d a y , 9
B a l a n c e Sh e e t O c t .

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,
Interest account,
Profit and loss account,
Cash on hand, .
.
.
.

a .m .

to 4

p .m .

31, 1900.

L ia b il it ie s .

$97,100 00
95,500 00
5,750 00
2 0 ,0 0 0 0 0

29,737
4,000
1,853,388
1,121,975

83
00
54
50

97,400
105
63,141
11,942
1,364
31,530
7
5,090

00
00
20
54
10
41
40
14

$3,438,032

66

Deposits, .
Guaranty fund,
Undivided earnings,
Tax account, .
Due on mortgage
loans, .

$3,249,511
158,000
24,297
3,500

72
00
28
00

2,723

66

$3,438,032

66

Cash on Deposit in Banks, amount in each: —
New England National Bank, B o s t o n , ...................................................... $43,141 20
Adams National Bank, North Adams,
.
.
.
.
.
.
.
16,413 65
Berkshire National Bank, North A d a m s ,......................................................
15,528 89


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

$250
2,300
900
800
500
1,000

§g

Loans on Bank Stock, amount on each : —
3 shares Pittsfield National Bank, P it t s f ie ld ,.............................................
25 shares Adams National Bank, North A d a m s , ....................................
25 shares Adams National Bank, North Adams,
.
.
.
.
.
25 shares Adams National Bank, North A d a m s , ....................................
12 shares Adams National Bank, North A d a m s , ....................................
0 shares Adams National Bank, North A d a m s , ....................................

00
00
00
00

N o . 8 .]

S A Y IN G S

BANK

431

C O M M IS S IO N E R S

Worth Adams Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Dayton, Ohio, 4 s,.
of Fall River, Mass., 6s, .
of Lowell, Mass., 4s,
of Portland, Me., 6s,
of Woonsocket, R. I., 4s, .
Town of Plymouth, Mass., 4 s,.

$20,000
10,000
10,000
5,000
30,000
22,100

Estimated
Market Value.

$20,414
11,340
10,689
5,580
31.300
23.300

Amount Invested.

$20,000
10,000
10,000
5,000
30,000
22,100

00
00
00
00
00
00

00*
00
00
00
00*
00

$97,100 00

$97,100 $102,623 00
* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

7
418
500
30

Par Value.

Lee National Bank, L e e ,.
Adams N’l B’k, North Adams,
Berkshire N’l B’k, No. Adams,
Pittsfield Nat’l B’k, Pittsfield,.

$700
41,800
50,000
3,000

Estimated
Market Value.

$1,155
48,070
53,500
4,500

Amount Invested.

00
00
00
00

$95,500 $107,225 00

$700
41,800
50,000
3,000

00
00
00
00

$95,500 00

Detailed Statement o f Railroad Bonds.
Par Value.

Fitchburg R.R. 4s,

$20,000

.

Estimated
Market Value.

Amount Invested.

$20,833 00

$20,000 00

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

Rate.

Amount.

$43,141 20
170,000 00
122,400 00

2

per cent.

3
4

«


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

Amount.

$25,000 00
225,000 00

Rate.

Amount.

Rate.

4| per cent.
4h
“

$2,503,528 20
52,690 84

5 per cent.
6
“

432

REPORT

OF

THE

[P u b. Doc,

North Adams Savings Bank — 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 ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
oth erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 596
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 623
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900........................................................................
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of eachsemi-annualdividend f 2 per cent.,
$57,436 11
J
during the year ending Oct. 31, 1900, .
1 2 per cent.,
60,497 42
Number of accounts opened during the year ending Oct. 31, 1900,
1,646
Number of accounts closed during the year ending Oct. 31, 1900,
1,147
Total number of open accounts Oct. 31, 1900....................................
7,878
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900...............................................................................................
Number of s a m e ,.........................................................................................10,153
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e ,...........................................................................................6,632
Date of examination by commissioner: May 8.


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

$29,737 83
65.000 00
53.000 00
4,000 00
2,700 00

594,669 73

152,371 23
117,933 53

11,650 51
727,666 24

504,568 41

No. 8 .]

433

S A Y IN G S B A N K CO M M ISSION ERS

N O R T H AM PT O N IN S T IT U T IO N FOR S A V IN G S — N O R T H ­
AM P TO N .

Incorporated March 1,1842.
O l iv e r W

alker,

Present number of corporators, 17.

President.
S a m u e l D . D r u r y , Treasurer.
T. G. S p a u l d in g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S. D . D r u r y ,
F r a n k E. C l a r k ,

O sc ar E d w a r d s ,
A r th u r W atson.

Open for business every business day except Saturdays, 9
9

a .m .

a

.m .

to 3

p

.m .

; Saturdays,

to 12 M.

B a l a n c e S h e e t O c t . 3 1 , 19 0 0 .

A ssets,

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. 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, .
.
.
.

L ia b il it ie s .

$810,000
41,600
6,575
711,000
220,000

00
00
00
00
00

27,000
2,075
1,365,774
701,272

00
00
47
28

42,400
965
116,629
660
7,942

00
00
42
61
37

$4,053,894 15

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

$3,847,630 15
195,000 00
526 48
10,737 52

$4,053,894 15

Cash on Deposit in Banks, amount in each: —
Second National Bank, B o s to n ,........................................................................ $8,796 91
First National Bank, N ortham pton,...............................................................
32,396 03
Northampton National Bank, N o r t h a m p to n ,.............................................
75,436 48


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

R E P O R T O F TH E

434

[Pub. D oc.

N o r t h a m p t o n I n s t i t u t i o n f o r S a v i n g s — C o n t in u e d .
Loans on Bank Stock, amount on each :
3 shares First National Bank, Northampton,
30 shares First National Bank, Northampton,
8 shares First National Bank, Northampton,
2 shares First National Bank, Northampton,
14 shares First National Bank, Easthampton,
1 share First National Bank, Adams,
10 shares Home National Bank, Brockton,
10 shares Ware National Bank, Ware,
*

.
.
.

.

$300
2,500
800
175
900
100
1,000
800

.

00
00
00
00
00*
00
00
00

This amount is in excess of the legal limit.

Detailed Statement o f Public Funds.
Estimated
Market Value.

M a s s a c h u s e tts 3 è s, .
.
.
.
C i t y o f B o s t o n , M a s s ., 4 s ,
o f C a m b r i d g e , M a s s ., 4 s , .
o f C le v e la n d , O h io , 4£ s, .
o f C le v e la n d , O h io , 5s,
o f D e t r o i t , M i c h ., 4 s ,
o f D e t r o i t , M i c h ., 7 s ,
o f D u b u q u e , Io w a , 4s,
o f G r a n d R a p i d s , M i c h ., 4 £ s ,
o f M a n c h e s te r, N . H ., 4^s,
o f M i lw a u k e e , W i s ., 5 s , .
o f M i lw a u k e e , W i s ., 7 s , .
o f N o r t h a m p t o n , M a s s ., 4 s ,
o f P ro v id e n c e , R . I ., 4 s , .
o f S c r a n to n , P a ., 4£ s,
o f S p r in g fie ld , O h io , 5 s, .
o f W ilk e s -B a r r e , P a , 3 is ,
T o w n o f M e r i d e n , C o n n ., 4 £ s , .

.

$ 10 0 ,0 0 0
2 0 0 ,0 0 0
3 0 ,0 0 0
2 8 ,0 0 0
7 5 ,0 0 0
5 0 ,0 0 0
10 ,0 0 0
3 4 ,0 0 0
2 0 ,0 0 0
2 5 ,0 0 0
10 ,0 0 0
1 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
3 5 ,0 0 0
5 ,0 0 0
5 0 ,0 0 0
3 7 ,0 0 0

$ 1 1 2 ,7 5 0
2 2 4 ,7 5 0
3 2 ,4 0 0
2 8 ,3 0 0
7 7 ,7 5 0
5 5 ,5 0 0
1 1 ,1 5 0
3 7 ,0 0 0
2 2 ,5 0 0
2 8 ,4 0 0
1 0 ,7 7 0
1 ,0 3 0
5 4 ,5 0 0
5 4 ,0 0 0
3 6 ,4 0 0
5 ,8 0 0
5 2 ,1 0 0
3 9 ,4 0 0

$ 8 1 0 ,0 0 0

$ 8 8 4 ,5 0 0 00

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

$ 1 0 0 ,0 0 0
2 0 0 ,0 0 0
3 0 ,0 0 0
2 8 ,0 0 0
7 5 ,0 0 0
5 0 ,0 0 0
10 ,0 0 0
3 4 ,0 0 0
2 0 ,0 0 0
2 5 ,0 0 0
10 ,0 0 0
1 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
3 5 ,0 0 0
5 ,0 0 0
5 0 ,0 0 0
3 7 ,0 0 0

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

$ 8 1 0 ,0 0 0 00

Detailed Statement o f B ank Stocks.
V . 03

O O)
Par Value.

*è* SVI
29
31
10 5
17
20
7
15

A tla n tic N a t ’ l B a n k , B o s to n , .
B u n k e r H i l l N ’l B ’k , B o s to n , .
F i r s t N a tio n a l B a n k , B o s to n , .
H a n c o c k N a t ’l B a n k , B o s to n , .
M e rc h a n ts ’ N a t ’ l B a n k , B o s to n ,
M o n u m e n t N a t ’l B a n k , B o s to n ,
N ’l B ’k o f C o m m e r c e , B o s to n ,


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

$ 2 ,9 0 0
3 ,1 0 0
10 ,5 0 0
1 ,7 0 0
2 ,0 0 0
70 0
1 ,5 0 0

Market Value.

$ 3 ,3 3 5
5 ,8 9 0
1 8 ,9 0 0
425
3 ,2 6 0
1 ,3 5 8
1 ,6 5 0

00
00
00
00
00
00
00

Amount Invested.

$ 2 ,9 0 0 00
3 ,1 0 0 00
10 ,5 0 0 00
2 ,0 0 0 00
7 0 0 00
1 ,5 0 0 00

No. 8 .]

435

SA V IN G S B A N K CO M M ISSION ERS.

Northampton Institution for Savings — C o n t in u e d .

No. of
Shares.

D etailed Statem ent o f Bank Stocks — C o n c l u d e d .

10
13
50
26
17
20
9
50
40

Par Value.

N a t ’l E x c h a n g e B a n k , B o s to n ,
N a t ’ l W e b s te r B a n k , B o s to n , .
S e c o n d N a tio n a l B a n k , B o s to n ,
S h a w m u t N a t ’l B a n k , B o s to n ,
S t a te N a t i o n a l B a n k , B o s t o n , .
W a s h in g to n N ’l B a n k , B o s to n ,
F i r s t N ’l B a n k , N o r th a m p to n ,
N o r th a m p to n N a tio n a l B a n k ,
N o rth a m p to n ,
C ity N a tio n a l B a n k , W o rc e s te r,

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
00
00

$ 1 ,0 0 0 00
1 ,3 0 0 00
5 ,0 0 0 00

1 ,7 0 0
2 ,0 0 0
900

$ 1 ,4 0 0
1 ,2 4 8
8 ,7 0 0
20 8
1 ,8 1 9
2 ,0 6 0
1 ,1 0 7

5 ,0 0 0
4 ,0 0 0

10 ,0 0 0 00
4 ,8 0 0 00

5 ,0 0 0 00
4 ,0 0 0 00

$ 4 3 ,3 0 0

$ 6 6 ,1 6 0 00

$ 4 1 ,6 0 0 00

$ 1 ,0 0 0
1,3 0 0
5 ,0 0 0
-

-

1 ,7 0 0 00
2 ,0 0 0 00
9 00 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

$ 5 0 ,0 0 0
4 0 ,0 0 0
5 0 ,0 0 0
5 6 ,0 0 0
5 0 ,0 0 0
1 0 0 ,0 0 0
10 0 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
9 5 ,0 0 0

O
O
ca

B o s to n & A l b a n y R .R . 5s,
B o s t o n , C l i n t o n , F i t c h b u i ’g & N e w
B e d fo rd R .R . 5 s , .
C h i c ., B u r l i n g t o n & Q u i n c y R . R . 3 ^ s ,
C h i c ., B u r l i n g t o n & Q u i n c y R . R . 5 s , .
F itc h b u r g R .R . 4s, .
F itc h b u r g R .R . 5s, .
I l l i n o i s C e n t r a l R . R . 3 è s ,.
M a in e C e n tra l R .R . 4£ s, .
O ld C o lo n y R .R . 4 s, .
N . Y . & N . E . R .R . (te rm in a l) 4s, .
N e w Y o r k , N e w H a v e n & H a rtfo rd
R . R . 4 s , ...................................................................................
R u m fo r d F a lls & R a n g e le y L a k e s
R . R . 5 s , ...................................................................................

Estimated
Market Value.

4 5 ,3 0 0
5 1 ,3 0 0
6 3 ,5 0 0
5 5 ,9 0 0
1 1 0 ,6 0 0
1 0 0 ,5 0 0
5 5 ,6 0 0
5 7 ,2 5 0
1 1 5 ,9 0 0

Amount Invested.

00

$ 5 0 ,0 0 0 00

00
00
00
00
00
00
00
00
00

4 0 ,0 0 0
5 0 ,0 0 0
5 6 ,0 0 0
5 0 ,0 0 0
1 0 0 ,0 0 0
10 0 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
9 5 ,0 0 0

00
00
00
00
00
00
00
00
00

5 0 ,0 0 0

5 7 ,9 0 0 00

5 0 ,0 0 0 00

2 0 ,0 0 0

2 3 ,8 0 0 00

2 0 ,0 0 0 00

$ 7 1 1 ,0 0 0

$ 7 8 8 ,7 5 0 00

$ 7 1 1 ,0 0 0 00

Boston T erm inal C om pany Bonds.

B o s to n T e r m i n a l C o m p a n y 3 ¿ s ,


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

Par Value.

Estimated
Market Value.

Amount Invested.

$ 2 0 0 ,0 0 0

$ 2 3 0 ,0 0 0 00

$ 2 2 0 ,0 0 0 00

436

R E P O R T O F TH E

[Pub. D oc

Northampton Institution for Savings — Concluded.

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

Amount.

$8,796 91
107,832 51
209,650 00

2 per cent.
3
“

4

«

Amount.

Kate.

Amount.

Rate.

$131,000 00
306,140 00
50,000 00

4i| per cent.

$136,000 00
1,238,373 96
45,822 79

4| per cent.

4è
4&

“
“

5
6

“

$27,000 00
Amount invested in real estate for banking purposes,....................................
30,000 00
Estimated value of the s a m e , ........................................................................
26,300 00
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
2.075 00
oth erw ise,............................................................................................................
2.075 00
Assessed value of the s a m e ,.................................................................................
72 91
Net income received from same during year ending Oct. 31, 1900,
Number of loans which are of an amount not exceeding $3,000 each, 590
589,073 33
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 613
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 9 0 0 , ...............................................................
177,620 25
Times for the dividends fixed by the by-laws: first Wednesday in April
and October.
Rate and amount of eachsemi-annual dividend f 1|per cent., $64,859 68 )
129,859 42
during the year ending Oct. 31,1900, .
.
1 1^ per cent.,
64,999 74 >
Number of accounts opened during the year ending Oct. 31, 1900,
1,251
Number of accounts closed during the year ending Oct. 31, 1900,
. 969
Total number of open accounts Oct. 31, 1900,
.
.
.
.
9,639
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
9,099 23
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
551,043 64
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.......................................................................................... 8,600
Amount of withdrawals, including dividends, during the year ending
665,798 96
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e ,.......................................................................................... 7,727
Date of examination by commissioner: June 14.


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

No. 8 .]

437

S A Y IN G S B A N K CO M M ISSION ERS.

N O R T H A V E N U E S A V IN G S B A N K — N O R TH CA M BR ID G E .

Incorporated March 7, 1872.
S a m u e l F. W

Present number of corporators, 24.

M il t o n L. W
G e o r g e W . P a r k e , Clerk o f the Corporation.

o o d b r id g e ,

President.

alton,

Treasurer.

Names of committee charged with the investment of its funds :
S a m u e l F. W o o d b r id g e ,
W a r r e n L. H o o p e r ,
R u s se l l S. E d w a r d s ,
W i l l i a m F. S t a r k ,
C h a r l e s F. S t r a t t o n .

Open for business every business day, 9

a .m .

to 1 p . m . ; also Saturdays, 6 to 8

p m.

B a l a n c e S h e e t Oct. 31, 1900.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
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, .
Interest account,
Cash on hand, .
.
.
.

$79,600
13,335
4,200
75,000
500
5,000
9,002
538,003
142,832

00
00
00
00
00
00
06
00
00

46,050
58,391
1,218
1,511

00
90
14
47

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

$974,643 57

$940,012 09
19,700 00
14,931 48

$974,643 57

Cash on Deposit in Banks, amount in each: —
Faneuil Hall National Bank, Boston,.............................................
Fourth National Bank, B o s to n ,......................................................
National Bank of the Republic, B o s t o n , ....................................

$21,136 30
20,000 00

17,255 60

Loans on Bank Stock, amount on each : —
60 shares Mercantile Trust Company, Boston, .
.
.
.
7 shares South Berwick National Bank, South Berwick, Me., .

$4,000 00

200 00

Loan on Railroad Stock : —
6 shares Boston & Maine R .R .,


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

$500 00

438

R E P O R T O F TH E

[Pub. D oc.

North Avenue Savings B a n k — C o n t in u e d .
D etailed Statem ent o f P u blie F u n d s.

Par Value.

U n i t e d S ta te s 4 s ,
.
.
.
C i t y o f B r o c k t o n , M a s s ., 4 s ,
.
o f K a n s a s C i t y , M o . , 4 ^ s ,.
o f S o m e r v i l l e , M a s s ., 3 £ s ,
o f W il k e s -B a r r e , P a ., 3£s,
T o w n o f L i n c o l n , M a s s ., 3 £ s , .
o f P a l m e r , M a s s ., 3 £ s , .
o f W a t e r t o w n , M a s s ., 4 s ,

$ 5 ,0 0 0
5 ,0 0 0
2 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
10 ,0 0 0
9 ,6 0 0
1 0 ,0 0 0
$ 7 9 ,6 0 0

Estimated
Market Value.

$ 5 ,7 5 0
5 ,6 5 0
2 2 ,2 8 0
1 0 ,2 7 5
1 0 ,2 6 0
1 0 ,6 0 0
9 ,9 3 6
1 0 ,5 0 0

00
00
00
00
00
00
00
00

$ 8 5 ,2 5 1 00

Amount Invested.

$ 5 ,0 0 0
5 ,0 0 0
2 0 ,0 0 0
1 0 ,0 0 0
10 ,0 0 0
1 0 ,0 0 0
9 ,6 0 0
1 0 ,0 0 0

00
00
00
00
00
00
00
00

$ 7 9 ,6 0 0 00

Ho. of
Shares.

D etailed Statem ent o f B a n k Stocks.

13
10 6
5
8
15

Par Value.

B l a c k s t o n e N ’ I B a n k , B o s t o n ,.
F a n e u il H a l l N a t ’l B ’k , B o s to n ,
N a t ’l E x c h a n g e B a n k , B o s to n ,
T h i r d N a t i o n a l B a n k , B o s t o n ,.
F i r s t N ’ I B a n k , M a r l b o r o u g h ,.

$585
1 0 ,6 0 0
50 0
300
1 ,5 0 0
$ 1 3 ,4 8 5

Estimated
Market Value.

$ 3 25
1 3 ,1 4 4
70 0
291
1 ,8 0 0

00
00
00
00
00

$ 1 6 ,2 6 0 00

Amount Invested.

$585
1 0 ,6 0 0
500
300
1 ,3 5 0

00
00
00
00
00

$ 1 3 ,3 3 5 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

A l b a n y & S u s q u e h a n n a R . R . 6 s,
C h i c ., B u r l i n g t o n & Q u i n c y R . R . 3 ¿ s ,
C h ic a g o & N o r th w e s te r n R .R . 3 è s, .
C o n c o rd & M o n tre a l R .R . 4 s , .
E r i e & P itts b u r g h R .R . 3¿s,
F itc h b u r g R R . 5s, .
.
.
.
Illin o is C e n tra l R .R . 3¿s, .
O ld C o lo n y R .R . 4s, .
U p p e r C oo s R .R . 4s,
.
.
.
U p p e r C o o s R .R . 4¿s,


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

Estimated
Market Value.

$ 1 0 ,0 0 0
15 ,0 0 0
10 ,0 0 0
5 ,0 0 0
5 ,0 0 0
2 ,0 0 0
15 ,0 0 0
3 ,0 0 0
5 ,0 0 0
5 ,0 0 0

$ 1 1 ,1 5 0
1 5 ,4 5 0
1 0 ,2 0 0
5 ,5 0 0
5 ,1 0 0
2 ,2 1 0
1 5 ,1 5 0
3 ,4 3 5
5 ,4 0 0
5 ,8 0 0

$ 7 5 ,0 0 0

$ 79 ,3 9 5 00

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$ 1 0 ,0 0 0
15 ,0 0 0
1 0 ,0 0 0
5 ,0 0 0
5 ,0 0 0
2 ,0 0 0
15 ,0 0 0
3 ,0 0 0
5 ,0 0 0
5 ,0 0 0

00
00
00
00
00
00
00
00
00
00

$ 7 5 ,0 0 0 00

No. 8 .]

439

SA Y IN G S B A N K CO M M ISSION ERS.

North Avenue Savings Bank — Concluded.

Boston Terminal Company Bonds.

B o s to n T e r m in a l C o m p a n y 3ès,

Par Value.

Estimated
Market Value.

$ 5 ,0 0 0

$ 5 ,7 5 0 00

Amount Invested.

$ 5 ,0 0 0 00

Total Am ount o f Loans , with Each Specified Rate o f Interest.
Kate.

Amount.

$38,391
20,000
10,000
30,000

90
00
00
00

2 per cent.
3
“
3i
“
3f
»

Amount.

$50,050
15,000
58,750
383,853

00
00
00
00

Kate.

Amount.

4 per cent.
4Ì
4è
“
5
“

$9,500
88,850
85,282
300

Kate.

00
00
00
00

5J per cent.
5i
6
“
6*
“

$9,002 06
9,700 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 195
318,135 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 220
18,982 06
Amount of investments from which no income is received...............................
Gross amount of interest or profits received or earned, as per books,
41,740 40
during year ending Oct. 31, 1900........................................................................
Times for the dividends fixed by the by-laws : January 10 and July 10.
Rate and amount of each semi-annual dividend f 2 per cent., $14,927 76 |
30,978 36
during the year ending Oct. 31, 1900, .
. 1 2 per cent.,
16,050 60 J
Number of accounts opened during the year ending Oct. 31, 1900,
. 803
Number of accounts closed during the year ending Oct. 31, 1900,
. 355
Total number of open accounts Oct. 31, 1900,
.
.
.
.
3,787
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
3,053 10
clusive of taxes),
..........................................................................................

Value, by books, of real estate, held or owned by foreclosure or otherwise,

Amount of deposits, not including dividends, received during the year
.................................................................................
ending Oct. 31, 1900, .
Number of s a m e , .................................................................................5,437
Amount of withdrawals, including dividends, during the year ending

289,829 02

Oct. 31, 1900......................................................
Number of s a m e , .............................................
Date of examination by commissioner: April 10.

179,979 65


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

440

R E P O R T O F TH E

[Pub. D oc

N O R TH B R O O K FIE LD S A V IN G S B A N K — N O R TH
BR O O K FIE LD .

Incorporated Feb. 28, 1854.

Present number of corporators, 35.

G e o r g e It. H a m a n t , President.
C h a r l e s E. B a t c h e l l e r , Treasurer.
C h a r l e s E. B a t c h e l l e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G e o r g e It. H a m a n t ,
F r a n k A . Sm i t h ,

S u m n er H olm e s,
A l b e r t II . F o s t e r .

Open for business every business day except Saturdays, 9
Saturdays, 9 a .m . to 12 m .

a .m

. to 1

p .m .

; 2 to 4 p . m . ;

B a l a n c e S h e e t O c t . 3 1 , 19 0 0 .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans to counties, cities or towns
(n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

Lia b il it ie s .

$93,000
1,400
600
179,000
25,000

00
00
00
00
00

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

$775,847 73
39,500 00
23,379 24
2,981 49

8,900 00
25,314 00
488,215 00
3,000
14,835
65
2,377

00
88
67
91

$841,708 46

$841,708 46

Cash on Deposit in Banks, amount in each: —
Third National Bank, B o s t o n , ........................................................................ $7,223 12
First National Bank, Worcester,........................................................................
7,612 76
Loan on Bank Stock : —
8

shares Ware National Bank, Ware, .


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

No. 8 .]

441

SA Y IN G S B A N K COM M ISSIONERS

Worth Brookfield Savings B an k — C o n t in u e d .
D etailed Statem ent o f P u blic F u nd s.

Par Value.

N e w H a m p s h ir e 6s, .
C o u n t y o f A r o o s t o o k , M e ., 4£ s,
C i t y o f B o s t o n , M a s s ., 6 s ,
o f C a n to n , O h io , 5 s ,.
o f C le v e la n d , O h io , 5s,
o f D a y to n , O h io , 5 s ,.
o f K a n s a s C i t y , M o . , 4 £ s ,.
o f M a l d e n , M a s s ., 4 s ,
o f P r o v id e n c e , R . I . , 5 s , .
o f S a l e m , M a s s ., 5 s , .
o f S p r in g fie ld , O h io , 5s, .
o f S t a m f o r d , C o n n ., 4 s , .

$ 1 ,0 0 0
7 ,0 0 0
4 ,0 0 0
10 ,0 0 0
1 ,0 0 0
2 8 ,0 0 0
10 ,0 0 0
1 2 ,0 0 0
4 ,0 0 0
2 ,0 0 0
10 ,0 0 0
4 ,0 0 0
$ 9 3 ,0 0 0

*

Estimated
Market Value.

$ 1 ,0 0 0
7 ,7 7 0
4 ,1 7 0
1 0 ,9 7 5
1 ,0 9 5
3 1 ,5 4 0
1 1 ,3 5 0
1 2 ,4 8 2
4 ,3 7 0
2 ,1 2 0
1 0 ,4 7 0
4 ,4 8 0

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

$ 1 0 1 ,8 2 2 50

Amount Invested,

.

$ 1 ,0 0 0
7 ,0 0 0
4 ,0 0 0
10 ,0 0 0
1 ,0 0 0
2 8 ,0 0 0
1 0 ,0 0 0
1 2 ,0 0 0
4 ,0 0 0
2 ,0 0 0
1 0 ,0 0 0
4 ,0 0 0

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

$ 9 3 ,0 0 0 00

A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

10
4

E l i o t N a tio n a l B a n k , B o s to n , .
W a re N a tio n a l B a n k , W a r e , .

Par Value.

Estimated
Market Value.

$ 1 ,0 0 0
400

$ 1 ,4 0 0 00
4 2 0 00

$ 1 ,0 0 0 00
4 0 0 00

$ 1 ,4 0 0

$ 1 ,8 2 0 0 0

$ 1 ,4 0 0 00

Amount Invested.

D etailed Statem ent o f R ailroad Bonds.

B o s to n & A l b a n y R .R . 4 s ,
B o s to n , C lin to n , F itc h b u r g & N e w
B e d fo rd R .R . 5s, .
B o s to n & M a in e R .R . 4 s , .
B o s to n , W in th r o p & S h o re R .R . 5s,
C o n c o rd & M o n tre a l R .R . 4s, .
E a s te r n R .R . 6s,
.
.
.
F itc h b u r g R .R . 5s, .
I l l i n o i s C e n t r a l R . R . 3 £ s ,.
Illin o is C e n tra l R .R . 4 s, .
M a in e C e n tra l R .R . 4 s ,
M a in e C e n tra l R .R . 7 s ,


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

Par Value.

Estimated
Market Value.

$ 7 ,0 0 0

$ 7 ,5 6 0 00

$ 7 ,0 0 0 00

5 ,0 0 0
2 0 ,0 0 0
5 ,0 0 0
15 ,0 0 0
2 7 ,0 0 0
15 ,0 0 0
2 0 ,0 0 0
1 0 ,0 0 0
5 ,0 0 0
15 ,0 0 0

5 ,6 5 0
2 2 ,7 5 0
5 ,4 0 0
1 7 ,9 2 5
3 0 ,7 8 0
1 5 ,6 7 5
2 0 ,1 5 0
1 1 ,1 0 0
5 ,3 0 0
2 0 ,0 2 5

5 ,0 0 0
2 0 ,0 0 0
5 ,0 0 0
15 ,0 0 0
2 7 ,0 0 0
15 ,0 0 0
2 0 ,0 0 0
1 0 ,0 0 0
5 ,0 0 0
1 5 ,0 0 0

00
00
00
00
00
00
00
00
00
00

Amount Invested.

00
00
00
00
00
00
00
00
00
00

442

R E P O R T O F TH E

[Pub. Doc.

North Brookfield Savings Bank — C o n t in u e d .
D etailed Statem ent o f R ailroad Bonds — C o n c l u d e d .

O lc l C o l o n y R . R . 4 s , .
P o rts m o u th , G re a t F a lls & C o n w a y
R .R .4 £ s ,
...................................................................
R u m fo r d F a lls & R a n g e le y L a k e s
R . R . 5 s , ...................................................................................
U p p e r C oo s R .R . 4 is ,

Bar Value.

Estimated
Market Value.

$ 5 ,0 0 0

$ 5 ,6 0 0 00

$ 5 ,0 0 0 00

10 ,0 0 0

1 2 .3 0 0 00

1 0 ,0 0 0 00

1 0 ,0 0 0
10 ,0 0 0

1 1 ,7 0 0 00
1 1 .3 0 0 00

1 0 ,0 0 0 00
1 0 ,0 0 0 00

$ 1 7 9 ,0 0 0

$ 2 0 3 ,2 1 5 00

$ 1 7 9 ,0 0 0 00

Amount Invested.

B oston T erm in al Com pany Bonds.

B o s to n T e r m in a l C o m p a n y 3ès,

Par Value.

Estimated
Market Value.

Amount Invested.

$ 2 5 ,0 0 0

$ 2 8 ,7 5 0 00

$ 2 5 ,0 0 0 00

Total A m ou n t o f L oa n s , w ith E a ch S pecified R ale o f Interest.

Amount.

$14,835 88
3,000 00

Rate.

2 per cent.
4
“

Amount.

$54,500 00
433,715 00

Rate.

5 per cent.
5h
“

Amount.

$600 00

Rate.

6 per cent.

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
oth erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $>3,000 each, 351
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 379
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, 1900........................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend j 2 per cent.,
$14,980 98 1
during the year ending Oct. 31, 1900, .
. t 2 per cent.,
15,295 82 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 186
Number of accounts closed during the year ending Oct. 31, 1900,
. 227
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,620


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

$8,900 00
8,900 00
10,000 00

25,314 00
28,075 00
369,515 00
10,672 00
40,548 98
30,276 80

N o. 8 .]

SA V IN G S B A N K COM M ISSION ERS.

443

North Brookfield Savings B an k— Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................$1,658 75
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900..............................................................................................
8M 91 09
Number of s a m e , .................................................................................1,497
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
117,016 08
Number of s a m e , .................................................................................1,642
Date of examination by commissioner : April 26.


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

444

R E P O R T O F TH E

[Pub. D oc

N O RTH EA STO N S A V IN G S B A N K — N O R TH E A S T O N .

Incorporated Feb. 8, 1864.
W

il l ia m

Present number of corporators, 21.

H . A m e s , President.
C h e s t e r R . F i e l d , Treasurer.
C h e s t e r 11. F i e l d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C yrus L o th ro p,
W . K . Gow ard,

W il l ia m H . A m e s,
G eorge W . K e n n e d y ,
H. W . F rench.

Open for business every business day, 9

a

.m .

to 12

m

.

; 1.30 to 3

p

.m .

B alan ce Sheet Oc t. 3 1 , 19 0 0 .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$78,085
69,378
148,847
5,276
1,726
464,706
407,000

48
93
58
88
24
58
00

20,000
20,000
3,006
125
450

00
00
12
65
11

$1,218,603 47

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

$1,150,445 56
56,872 00
10,508 91
777 00

$1,218,603 47

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston, .
First National Bank of Easton, North Easton, .


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

|

20,000 00

3,006 12

\

N o. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

445

North Easton Savings Bank — C o n t in u e d .
D etailed Statem ent o f Public Fu nd s.
Estimated
Market Value.

Amount Invested.

$ 6 ,0 0 0
5 ,5 5 0

$ 6 ,1 5 0 00
5 ,9 3 8 5 0

$ 6 ,0 0 0 0 0 *
5 ,8 6 0 48

1 0 ,0 0 0
1 ,0 0 0
1 0 ,0 0 0

1 0 ,0 8 7 50
1 ,0 8 5 0 0
1 0 ,3 0 0 00

1 0 ,0 0 0 00
1 ,0 0 0 00
1 0 ,0 0 0 00

3 0 ,0 0 0
15 ,0 0 0

3 3 ,0 0 0 00
1 6 ,1 5 0 00

3 0 ,2 2 5 00
1 5 ,0 0 0 00

$ 7 7 ,5 5 0

$ 8 2 ,7 1 1 00

$ 7 8 ,0 8 5 48

Par Value.

C it y o f C o lu m b u s , O h io , 4 s,
o f M a l d e n , M a s s ., 4 s ,
T o w n o f G r e e n fie ld , M a s s .
(F ir e
D is tric t), 4s, .
o f M a r l b o r o u g h , M a s s ., 4 s , .
o f M o n t a g u e , M a s s ., 4 s ,
o f N o r th E a s to n , M ass. ( Y i l la g e D i s t r i c t ) , 4 s , .
o f R a n d o l p h , M a s s ., 4 s , .

*

A legal investment when made.

D etailed Statem ent o f B a n k Stocks.
O 2

Vi

Par Value.
55

25
25
16
78
25
25
38
25
20
50
38
40
25
90
50
25
25
12
75
10 0
66
38
7

A tla n tic N a t ’ l B a n k , B o s to n , .
A tla s N a tio n a l B a n k , B o s to n , .
C o lo n ia l N a t ’ l B a n k , B o s to n , .
E v e r e t t N a t ’l B a n k , B o s to n , .
M a n u fa c tu r e r s ’ N ’l B ’k , B o s to n ,
M a r k e t N a tio n a l B a n k , B o s to n ,
N ’ l B ’k o f R e d e m p tio n , B o s to n ,
N a tio n a l C it y B a n k , B o s to n , .
N a t i o n a l E a g l e B a n k , B o s t o n ,.
N ’ l H id e & L e a th e r B ’k , B o s to n ,
N a tio n a l R e v e re B a n k , B o s to n ,
N a t ’ l S h a w m u t B a n k , B o s t o n ,.
N e w E n g la n d N ’l B ’k , B o s to n ,
N o i 't h N a t i o n a l B a n k , B o s t o n ,
S h a w m u t N ’l B a n k , B o s to n , .
S h o e & L e a t h e r N ’ l B ’ k ,B o s t o n ,
S t a te N a t i o n a l B a n k , B o s t o n , .
T r e m o n t N a t ’l B a n k , B o s to n , .
N e p o n s e t N a t ’ l B a n k , C a n t o n ,.
F ir s t N a tio n a l B a n k o f E a s to n ,
N o r th E a s to n ,
N a tio n a l C it y B a n k , L y n n ,
B ris to l C o . N ’l B a n k , T a u n to n ,
T a u n to n N a t ’l B a n k , T a u n t o n ,


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

$ 2 ,5 0 0
2 ,5 0 0
1 ,6 0 0
1 ,2 4 8
_

Estimated
Market Value.

Amount Invested,

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

$ 3 ,1 5 0
2 ,8 7 8
2 ,4 0 0
1 ,0 5 4

2 ,5 0 0
2 ,5 0 0
600
7 ,5 0 0

$ 2 ,8 7 5
2 ,5 0 0
2 ,4 0 0
78
75
50 0
4 ,4 8 4
10 0
20
5 ,3 5 0
19 0
6 ,7 2 0
3 ,5 0 0
90
40 0
3 ,0 5 0
2 ,6 7 5
12 0
7 ,5 0 0

10 ,0 0 0
6 ,6 0 0
3 ,8 0 0
70 0

1 2 ,5 0 0
9 ,9 0 0
4 ,5 6 0
1 ,0 1 5

00
00
00
00

1 0 ,5 0 0
8 ,2 8 2
4 ,5 6 0
920

2 ,0 5 0
3 ,8 0 0
40
5 ,0 0 0
8 74
4 ,0 0 0
2 ,5 0 0
_
_

$ 6 0 ,3 1 2

$ 7 0 ,6 0 2 00

00
13
00
00

_

1 ,8 5 0 00
4 ,7 8 9 00

_

_
5 ,3 1 2
847
6 ,0 0 0
3 ,3 2 5
20 0
2 ,2 0 3
2 ,6 9 3
312
8 ,1 0 0

50
00
00
00

_

00
75
75
50
00
00
80 *
00
50

$ 6 9 ,3 7 8 93

446

R E P O R T O F TH E

[Pub. D oc.

North Easton Savings B an k — C o n t i n u e d .
D etailed Statem ent o f B a ilroa d Bonds.

Par Value.

B o s to n & L o w e l l R . R . 4 s ,
B o s to n & M a in e R .R . 4 £ s,
C h i c ., B u r l i n g t o n & Q u i n c y R . R . 3 è s ,
C o n c o rd & M o n tre a l R .R . 4s, .
F itc h b u r g R .R . 4s,
.
F itc h b u r g R .R . 5s, .
G ra fto n & U p to n R .R 4s,
I l l i n o i s C e n t r a l R . R . 3 £ s ,.
Illin o is C e n tr a l R .R . 4 s, .
O l d C o lo n y R .R . 4 s, .
O l d C o lo n y R .R . 4£s,
P o r tla n d & R u m fo r d F a lls R .R . 4 s,
R u m fo r d F a lls & R a n g e le y L a k e s
R . R . 5 s , ...................................................................................

$ 3 1 ,0 0 0
10 ,0 0 0
1 0 ,0 0 0
2 0 ,0 0 0
15 ,0 0 0
5 ,0 0 0
5 ,0 0 0
15 ,0 0 0
10 ,0 0 0
5 ,0 0 0
1 ,0 0 0
5 ,0 0 0

Estimated
Market Value.

$ 3 2 ,1 8 0
1 2 ,6 5 0
1 0 ,2 0 0
2 2 ,0 0 0
1 5 ,9 7 5
5 ,5 2 5
4 ,9 5 0
1 5 ,0 0 0
1 1 ,1 0 0
5 ,7 2 5
1 ,0 4 0
5 ,5 0 0

Amount Invested.

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

$ 3 1 ,0 0 0
1 2 ,7 3 6
1 0 ,3 4 2
2 0 ,0 2 9
1 4 ,7 9 2
5 ,0 0 0
5 ,2 0 7
1 5 ,3 3 9
1 1 ,3 8 6
5 ,0 0 0
1 ,0 0 0
5 ,2 7 8

00
25
92
45
22
00
50
80
11
00
00
61

1 0 ,0 0 0

1 1 ,8 0 0 00

1 1 ,7 8 4 7 2

$ 1 4 2 ,0 0 0

$ 1 5 3 ,6 4 5 00

$ 1 4 8 ,8 4 7 58

B oston T erm in al Com pany Bonds.

Par Value.

B o s to n T e r m i n a l C o m p a n y 3£s,

$ 5 ,0 0 0

Estimated
Market Value.

Amount Invested.

$ 5 ,7 5 0 00

$ 5 ,2 7 6 8 8

Total A m ou n t o f L oa n s , with E ach Specified R ate o f In terest.

Amount.

$20,000
20,000
80,000
145,000

Rate.

00
00
00
00

2 per cent.
3*
“
“
“

4
H

Amount.

$45,000 00
126,200 00
25,000 00

Rate.

Amount.

Rate.

4§ per cent.
H
“
“

$315,122 79
33,238 46
102,145 33

5 per cent.
5i
“
6

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, 235
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 273
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : April 15 and October 15.


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

$1,726 24
1,800 00
229,058 79

53,912 98-

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

447

North Easton Savings Bank — Concluded.
Rate and amount of eachsemi-annualdividend f 2 per cent.,
$21,104 09 1
$43,159 48
during the year ending Oct.31, 1900,.
. 1 2 per cent.,
22,055 39 )
Number of accounts opened during the year ending Oct. 31, 1900,
. 338
Number of accounts closed during the year ending Oct. 31, 1900,
. 240
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,667
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
1,773 27
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
183,873^35
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e , ..........................................................................................1,691
Amount of withdrawals, including dividends during the year ending
157,621 42
Oct. 3 1 , 1 9 0 0 , ...................................................................................................
Number of s a m e , .......................................................................................... 1,359
Bate of examination by commissioner: May 15.


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

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

No. 8 .]

449

S A Y IN G S B A N K COM M ISSION ERS

North. End Savings Bank — C o n t in u e d .
D etailed Statem ent o f P u blic F u n d s.

C i t y o f H a v e r h i l l , M a s s ., 4 s , .
o f R o c k f o r d , 1 1 1 ., 4 £ s ,
o f S p r i n g f i e l d , M a s s ., 3 à s ,
T o w n o f M a n s fie ld , M a s s . ( W a t e r
D i s t r i c t ) , 4 s , ...................................................................

Par Value.

Estimated
Market Value.

Amount Invested.

$ 1 3 ,5 0 0
2 9 ,9 0 0
2 4 ,6 0 0

$ 1 4 ,2 0 8 7 5
3 1 ,7 6 8 7 5
2 4 ,6 6 1 50

$ 1 3 ,5 0 0 0 0
2 9 ,9 0 0 00
2 4 ,6 0 0 0 0

1 0 ,0 0 0

1 0 ,9 0 0 00

1 0 ,0 0 0 00

$ 7 8 ,0 0 0

$ 8 1 ,5 3 9 00

$ 78 ,0 0 0 00

Detailed Statement o f B ank Stocks.
° 2
£

Estimated
Market Value.

à

55
38
2
20
31
25
10 0
50
110
4
75
10
30
6
10 4
10 6
2
37
25
46
25
12
75
13
10 0
70
93
10

A t la s N a tio n a l B a n k , B o s to n , .
E l i o t N a tio n a l B a n k , B o s to n , ,
F a n e u il H a l l N ’l B a n k , B o s to n ,
F ir s t N a tio n a l B a n k , B o s to n , .
F r e e m a n ’ s N a t ’l B a n k , B o s to n ,
M e rc h a n ts ’ N a t ’ l B a n k , B o s to n ,
M e tr o p o lita n N ’l B ’k , B o s to n ,
N ’ l B ’k o f C o m m e r c e , B o s t o n ,
N a t io n a l B a n k o f th e C o m m o n w e a lth , B o s to n ,
N ’ l B 'k o f R e d e m p t i o n , B o s t o n ,
N a tio n a l C it y B a n k , B o s to n , .
N ’ l H id e & L e a t h e r B ’k , B o s to n ,
N a t ’ l S h a w m u t B a n k , B o s t o n ,.
N a tio n a l U n io n B a n k , B o s to n ,
N a tio n a l W e b s te r B ’k , B o s to n ,
N e w E n g la n d N ’l B ’k , B o s to n ,
O l d B o s to n N ’ l B a n k , B o s to n , .
S h a w m u t N a t ’ l B a n k , B o s t o n ,.
S e c o n d N a tio n a l B a n k , B o s to n ,
S h o e & L e a th e r N ’l B ’k , B o s to n ,
S ta te N a tio n a l B a n k , B o s to n , .
S u ffo lk N a tio n a l B a n k , B o s to n ,
T h ir d N a tio n a l B a n k , B o s to n ,
T r e m o n t N a t ’ l B a n k , B o s to n , .
W a s h in g to n N ’l B a n k , B o s to n ,
F i r s t N a tio n a l B a n k , C h e ls e a ,
M a s s a c h u s e tts L o a n a n d T r u s t
C o m p a n y , B o s to n ,
S t a te S t r e e t T r u s t C o m p a n y ,
B o s t o n ,...................................................................


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

$ 5 ,5 0 0
3 ,8 0 0
200
2 ,0 0 0
3 ,1 0 0
2 ,5 0 0
10 ,0 0 0
5 ,0 0 0

$ 5 ,5 0 0
5 ,3 2 0
2 48
3 ,6 0 0
3 ,1 0 0
4 ,0 7 5
1 0 ,0 0 0
5 ,5 0 0

00
00
00
00
00
00
00
00

$ 6 ,4 1 2
4 ,5 0 4
2 70
3 ,9 7 0
3 ,0 5 2
3 ,8 0 3
1 0 ,5 2 2
5 ,9 1 1

25
37
50
00
00
25
50
37

1 1 ,0 0 0
400
_
1 ,0 0 0
3 ,0 0 0
600
1 0 ,4 0 0
1 0 ,6 0 0
200

2 0 ,7 9 0
472
300
1 ,0 7 0
5 ,0 4 0
798
9 ,9 8 4
1 4 ,8 4 0
20 0
29 6
4 ,3 5 0
5 ,6 1 2
2 ,6 7 5
1 ,3 0 8
7 ,2 7 5
13 0
10 ,3 0 0
7 ,3 5 0

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

1 5 ,0 1 0
501
634
1 ,1 9 7
4 ,5 0 0
847
1 1 ,0 0 6
1 6 ,5 7 1
243
3 73
4 ,0 0 5
5 ,8 0 5
2 ,9 2 8
1 ,4 2 4
7 ,6 2 1
1 ,0 3 0
1 2 ,0 2 5
7 ,7 6 7

00
00
62
50
00
50
75
50
62
50
50
00
00
81
99
13
00
42

_

2 ,5 0 0
4 ,6 0 0
2 ,5 0 0
1 ,2 0 0
7 ,5 0 0
650
10 ,0 0 0
7 ,0 0 0
9 ,3 0 0

1 0 ,6 0 2 00

1 0 ,6 2 8 00

1 ,0 0 0

1 ,1 0 0 00

1 ,0 0 0 00

$ 1 1 5 ,5 5 0

$ 1 4 1 ,8 3 5 00

$ 1 4 3 ,5 6 8 08

R E P O R T O F TH E

450

[Pub. D oc

North. End Savings Bank — C o n t i n u e d .
D etailed Statem ent o f R ailroad Bonds.

Par Value.

$ 1 2 ,0 0 0
9 5 .0 0 0
2 0 .0 0 0
2 5 .0 0 0
3 9 .0 0 0
2 5 .0 0 0

C o n c o rd & M o n tre a l R .R . 4s, .
F itc h b u r g R .R . 4s, .
F itc h b u r g R .R . 5s, .
I l l i n o i s C e n t r a l R . R , 3 £ s ,.
P e n o b sc o t S h o re L in e R .R . 4s,
U p p e r C oo s R .R . 4s,
.
.
.

$ 2 1 6 ,0 0 0

Estimated
Market Value.

$ 1 3 ,2 0 0
1 0 5 ,2 1 2
2 2 ,1 0 0
2 5 ,1 8 7
4 2 ,1 2 0
2 7 ,0 0 0

Amount Invested.

00
50
00
50
00
00

$ 2 3 4 ,8 2 0 00

$ 1 2 ,0 0 0
9 5 .0 0 0
2 0 .0 0 0
2 5 ,0 0 0
3 9 ,8 1 0
2 4 ,7 5 0

00
00
00
00
00
00

$ 2 1 6 ,5 6 0 0 0

B oston T erm inal Com pany Bonds.

B o s to n T e r m i n a l C o m p a n y 3£ s,

Par Value.

Estimated
Market Value.

$ 2 0 5 ,0 0 0

$ 2 3 5 ,7 5 0 00

Amount I nvested

$ 2 1 9 ,6 2 4 0 0

Total A m ou n t o f L oa n s , with E ach Specified R ate o f Interest.

Rate.

Amount.

$161,400
60,000
6,500
25,000
158,000

00
00
00
00
00

per cent.
35
H
3|
4

“
“

Amount.

$240,000
550,100
52,500
1,239,575

Rate.

00
00
00
00

4J per cent.
4Ï
“
4f
5
«

Amount.

$70,000
29,450
84,843
1,200

Rate.

00
00
29
00

5^ per cent.
H
“
6
«
7

“

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e , .........................................................................
Number of loans which are of an amount not exceeding $3,000 each, 272
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 444
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1900.....................................................................................
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., $54,205 59 >
during the year ending Oct. 31, 1900, .
. i 1| per cent.,
50,025 10 >
Number of accounts opened during the year ending Oct. 31, 1900,
1,622
Number of accounts closed during the year ending Oct. 31, 1900,
. 910
Total number of open accounts Oct. 31, 1900,
.
.
.
.
7,943


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

$14,870 43
19,000 00
445,943 29

141,052 00
104,230 69

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

451

North End Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes)..........................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 0 ,..........................................................................................
Number of same,
............................................. 10,395
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .................................................................................7,928
Date of examination by commissioner : February 23.


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

$11,017 70
978,608 84

765,988 80

452

R E P O R T O F TH E

[Pub. D oc

N O R TH M ID D L E S E X S A V IN G S B A N K — A Y E R .

Incorporated March 11, 1885.

Present number of corporators, 22.

B e n j a m in H . H a r t w e l l , President.
S a r a h T . T u t e n , Treasurer.
D a n ie l W . F l e t c h e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
B e n j a m in H . H a r t w e l l ,
P eter T a r b e l l ,
E d w i n L. W h i t e ,
L. J. S p a u l d in g ,
O l i v e r K . P ie r c e .

Open for business every business day except Saturdays, 9 to 11
Saturdays, 8 a . m . to 1 p . m .

a .m .

; 12.30 to 3 p . m . ;

B a l a n c e S h e e t O c t . 3 1 , 19 0 0 .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
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 ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Bank liquidation account, .
Taxes and improvements on real
estate,
....................................
Rent account,
.
.
.
.
Premium account,
Tax account,
.
.
.
.
Furniture and fixtures,
Cash on hand, .
.
.
.


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

L ia b il it ie s .

$15,000
15,724
15,640
124,000
28,887

00
75
00
00
50

35,000
2,700
407,986
164,477

00
00
04
10

33,185
400
12,800
1,016
395
846

00
00
00
92
03
44

310
20
9,460
414
1,000
506

16
83
00
36
00
81

$869,770 94

Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,
Rent account, .
Due on mortgage
loans, .

$825,750
14,000
7,255
17,237
610

75
00
94
73
52

4,916 00

$869,770 94

No. 8 .]

SA Y IN G S B A N K

453

COM M ISSION ERS.

North Middlesex Savings Bank — C o n t in u e d .
Cash on Deposit in Banks, amount in each: —
First National Bank, A y e r ,.................................................................................$8,959 23
National Shawmut Bank, B o s t o n , ...............................................................
4,857 69
Loans on Bank Stock, amount on each: —
8 shares First National Bank, A y e r , ......................................................
6 shares First National Bank, A y e r , ......................................................
171 shares First National Bank, A y e r , ......................................................

$100 00
540 00
15,000 00

D etailed Statem ent o f P u blic F u nd s.

M a s s a c h u s e tts 3 £ s, .
.
.
.
C i t y o f M a r l b o r o u g h , M a s s ., 4 s ,
T o w n o f W a l p o l e , M a s s ., 4 s , .

Par Value.

Estimated
Market Value.

$ 5 ,0 0 0
5 ,0 0 0
5 ,0 0 0

$ 5 ,6 5 0 00
5 ,7 3 5 00
5 ,7 0 4 00

$ 5 ,0 0 0 00
5 ,0 0 0 00
5 ,0 0 0 00

$ 1 5 ,0 0 0

$ 1 7 ,0 8 9 00

$ 1 5 ,0 0 0 00

Amount Invested.

No. o f
Shares.

D etailed Statem ent o f B a n k Stocks.

Par Value.

F ir s t N a tio n a l B a n k , A y e r ,
B la c k s to n e N ’ l B a n k , B o s to n , .
C o m m e r c ia l N a t ’ l B ’ k , B o s to n ,
C o n tin e n ta l N ’l B a n k , B o s to n ,
E l i o t N a tio n a l B a n k , B o s to n , .
N ’ l H id e & L e a th e r B ’k , B o s to n ,
N a t ’ l S h a w m u t B a n k , B o s t o n ,.
P e o p le ’ s N a t ’l B a n k , B o s to n , .
S ta te N a t io n a l B a n k , B o s to n , .
P re s c o tt N a t ’l B a n k , L o w e l l , .

40
6
5
15
10
20
10
5
10
20

$ 4 ,0 0 0
270
50 0
-

1 ,0 0 0
2 ,0 0 0
1 ,0 0 0
500
1 ,0 0 0
2 ,0 0 0
$ 1 2 ,2 7 0

Estimated
Market Value.

$ 5 ,2 0 0
15 0
70 0
75
1 ,4 0 0
2 ,1 4 0
1 ,6 8 0
595
1 ,0 7 0
2 ,2 0 0

Amount Invested.

00
00
00
00
00
00
00
00
00
00

$ 4 ,2 4 7 25

$ 1 5 ,2 1 0 00

$ 1 5 ,7 2 4 7 5

-

9 7 0 00
-

1 ,3 5 5
2 ,5 4 0
1 ,5 0 0
840
1 ,2 6 2
3 ,0 1 0

00
00
00
00
50
00

,

D etailed Statem ent o f R ailroad Bonds.

B o s to n & L o w e ll R .R . 4s,
B o s to n & M a in e R .R . 4 J s ,
B o s to n , R e v e re B e a c h & L y n n R .R .
4 i s , ...................................................................................


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

Par Value.

Estimated
Market Value.

$ 5 ,0 0 0
1 5 ,0 0 0

$ 5 ,7 0 0 00
1 9 ,0 5 0 00

$ 5 ,0 0 0 00
15 ,0 0 0 00

5 ,0 0 0

5 ,7 0 0 00

5 ,0 0 0 00

Amount Invested.

454

R E P O R T O F TH E

[Pub. D oc

North Middlesex Savings Bank — C o n t i n u e d .
D etailed Statem ent o f R ailroad Bonds — C o n c l u d e d .

Par Value.

C h i c ., B u r l i n g t o n & Q u i n c y R . R . 3 ¿ s ,
C h i c ., B u r l i n g t o n & Q u i n c y R . R . 4 s ,
C o n c o rd & M o n tre a l R .R . 4s, .
E r i e & P itts b u rg h R .R . 3às,
F itc h b u r g R .R . 4s, .
F itc h b u r g R .R . 4£s, .
.
.
.
F itc h b u r g R .R . 5s, .
I l l i n o i s C e n t r a l R . R . 3 ¿ s ,.
Illin o is C e n tra l R .R . 4 s , .
M ilw a u k e e , L a k e S h o re & W e s te rn
R . R . 5 s , ...................................................................................
O ld C o lo n y R .R . 4s, .
,

$ 1 2 ,0 0 0
1 0 ,0 0 0
8 ,0 0 0
5 ,0 0 0
1 6 ,0 0 0
5 ,0 0 0
1 2 ,0 0 0
10 ,0 0 0
5 ,0 0 0

Estimated
Market Value.

$ 1 2 ,3 6 0
1 1 ,1 0 0
8 ,8 8 0
5 ,1 5 0
1 7 ,8 3 0
5 ,6 5 0
1 2 ,8 8 0
1 0 ,1 5 0
5 ,5 5 0

00
00
00
00
00
00
00
00
00

Amount Invested.

$ 1 2 ,0 0 0
1 0 ,0 0 0
8 ,0 0 0
5 ,0 0 0
1 6 ,0 0 0
5 ,0 0 0
1 2 ,0 0 0
1 0 ,0 0 0
5 ,0 0 0

00
00
00
00
00
00
00
00
00

10 ,0 0 0
6 ,0 0 0

1 2 ,5 0 0 00
6 ,9 2 0 00

1 0 ,0 0 0 00
6 ,0 0 0 0 0

$ 1 2 4 ,0 0 0

$ 1 3 9 ,4 2 0 00

$ 1 2 4 ,0 0 0 00

Boston T erm in al Com pany Bonds.

B o s to n T e r m in a l C o m p a n y 3£s,

Par Value.

Estimated
Market Value.

Amount Invested.

$ 2 5 ,0 0 0

$ 2 8 ,7 5 0 00

$ 2 8 ,8 8 7 50

Total A m ou nt o f L oan s, w ith E a ch Specified Rate o f In terest.

Amount.

$12,800 00
14,000 00
42,385 00

Kate.

2 per cent.
“
“

3¿

4

Amount.

$38,200 00
339,700 09
51,710 55

Kate.

Amount.

4¿ per cent.
5
“
5è
“

$128,409 90
7,282 60

Kate.

6 per cent.
8

Amount invested in real estate for banking purposes,.....................................$35,000 00
Estimated value of the s a m e , ........................................................................
35,500
Assessed value of the s a m e ,.................................................................................
25,360
Net income received from same during year ending Oct. 31, 1900,
.
.
984
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
2,700
Assessed value of the s a m e ,.................................................................................
2,400
Number of loans which are of an amount not exceeding $3,000 each, 319
Aggregate amount of the same...............................................................................
350,686
Total number of loans upon real e s t a t e , ............................................. 293
Amount of investments from which no income is received, .
.
.
.
1,500


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

00
87
86
00
00
64
00

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS

455

North Middlesex Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
$36,699 61
during year ending Oct. 31, 1 9 Ô 0 , ...............................................................
Times for the dividends fixed by the by-laws : January 5 and July 5.
Rate and amount of each semi-annual dividend f 2 per cent., $13,757 74 j : 26,783 89
during the year ending Oct. 31, 1900, .
. 1 1| per cent.,
13,026 15 i
Number of accounts opened during the year ending Oct. 31, 1900,
. 537
Number of accounts closed during the year ending Oct. 31, 1900,
. 297
Total number of open accounts Oct. 31, 1900....................................
3,168
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
1,278 98
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
208,128 52
ending Oct. 31, 1 9 0 0 ,.................................... .....................................................
Number of same............................................................................................... 3,055
Amount of withdrawals, including dividends, during the year ending
144,741 95
Oct. 31, 1900............................................................................................................
Number of s a m e , .......................................................................................... 2,066
Date of examination by commissioner : January 15.


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

[Pub. D oc

R E P O R T O F TH E

456

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

Incorporated March 30, 1871.
J ohn W . W

Present number of corporators, 26.

G e o r g e W . A n d r e w s , Treasurer.
G e o r g e W . A n d r e w s , Clerk o f the Corporation.

heeler,

President.

Names of committee charged with the investment of its funds:
F . L. W a t e r s ,
C. A. T o w n e ,

A . W . B allou,
G eorge W . A n d r e w s.

Open for business every business day, 9

a .m .

to 3

p .m .

B a l a n c e S h e e t O c t . 3 1 , 19 0 0 .

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,
Boston Terminal Co. bonds,
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,
Premium account,
Cash on hand, .
.
.
.

$98,300
35,814
3.000
143,000
5.000
14,308
720,602
121,859

00
00
00
00
00
50
50
14

58,471
44,526
588
584
6,500
2,842

40
23
61
21
00
86

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

$1,255,397 45

$1,178,740 35
38,250 00
1,492 41
36,914 69

$1,255,397 45

Cash on Deposit in Banks, amount in each: —
Merchants’ National Bank, B o s t o n ,................................................................
Franklin County National Bank, G r e e n f ie l d ,.............................................
Northampton National Bank, N o r t h a m p to n ,..............................................
Orange National Bank, O ra n g e,........................................................................
Pynchon National Bank, Springfield,...............................................................

$269
24,526
10,000
319
10,000

54
23
00
07
00

Loans on Bank Stock, amount on each: —
30 shares Home National Bank, H o ly o k e,...................................................... $2,500 00
5 shares Orange National Bank, O ran ge,......................................................
500 00


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

No. 8 .]

SA V IN G S B A N K

457

COM M ISSION ERS

Orange Savings Bank — C o n t in u e d .
D etailed Statem ent o f P u blic F u nd s.

Par Value.

C i t y o f B r o c k t o n , M a s s ., 4 s ,
o f G a r d in e r , M e ., 4 s ,
o f L a c o n ia , N . H ., 4s,
o f M a l d e n , M a s s ., 4 s ,
o f M a n c h e s te r, N . H . , 4s,
o f M e l r o s e , M a s s ., 4 s ,
o f M e r i d e n , C o n n ., 4 s ,
o f N e w B r i t a i n , C o n n ., 4 s ,
o f N e w t o n , M a s s ., 4 s ,
o f R o c k f o r d , 1 1 1 ., 4 £ s ,
o f S o m e r v i l l e , M a s s ., 4 s , .
o f W o r c e s t e r , M a s s ., 4 s , .
T o w n o f B e l m o n t , M a s s ., 4 s , .
o f L e o m i n s t e r , M a s s ., 4 s ,
o f O r a n g e , M a s s ., 4 s ,
o f P l a i n f i e l d , C o n n ., 4 s , .
o f R u s s e l l , M a s s ., 3 £ s , .
o f W a t e r t o w n , M a s s ., 3 £ s .,
o f W e s t f i e l d , M a s s ., 3 £ s ,

$ 5 ,0 0 0
6 ,0 0 0
1 ,0 0 0
5 ,0 0 0
15 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
3 ,0 0 0
5 ,0 0 0
1 ,0 0 0
7 ,3 0 0
2 ,0 0 0
3 ,0 0 0
5 ,0 0 0
7 ,0 0 0
8 ,0 0 0
$ 9 8 ,3 0 0

Estimated
Market Value.

$ 5 ,5 0 5
6 ,0 9 0
1 ,1 1 0
5 ,7 3 7
1 6 ,0 5 0
5 ,4 5 0
5 ,3 5 0
5 ,7 0 0
5 ,9 0 0
5 ,4 5 0
3 ,0 9 7
5 ,2 7 5
1 ,0 5 5
7 ,5 1 9
2 ,0 1 7
3 ,2 5 5
5 ,1 0 0
7 ,2 4 5
8 ,4 1 0

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

$ 1 0 5 ,3 1 6 50

Amount Invested.

$ 5 ,0 0 0
6 ,0 0 0
1 ,0 0 0
5 ,0 0 0
15 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
3 ,0 0 0
5 ,0 0 0
1 ,0 0 0
7 ,3 0 0
2 ,0 0 0
3 ,0 0 0
5 ,0 0 0
7 ,0 0 0
8 ,0 0 0

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

$ 9 8 ,3 0 0 00

No. o f
Shares.

D etailed Statem ent o f B a n k Stocks.

6
15
5
3
65
4
20
20
5
16
15
10
39
43
10 0
10
10
3

Par Value.

M ille r ’s R iv e r N ’l B ’k , A t h o l ,.
A tla s N a tio n a l B a n k , B o s to n , .
B o y ls to n N a t ’l B a n k , B o s to n , .
C e n tr a l N a tio n a l B a n k , B o s to n ,
E l i o t N a tio n a l B a n k , B o s to n , .
E v e r e t t N a t ’l B a n k , B o s to n , .
F i r s t W a r d N ’ l B a n k , B o s t o n ,.
M a n u fa c tu r e r s ’ N ’ l B ’k , B o s to n ,
N ’ l H id e & L e a th e r B ’ k , B o s to n ,
N a t ’l W e b s te r B a n k , B o s to n , ,
T r e m o n t N a t ’l B a n k , B o s to n , .
F i r s t N a t i o n a l B a n k , C h e l s e a ,.
F ir s t N a tio n a l B a n k , G a r d n e r ,
F r a n k lin C o u n ty N a tio n a l B ’k ,
G r e e n fie ld , .
.
.
.
O ra n g e N a t’l B a n k , O ra n g e , .
F i r s t N a t ’ l B a n k , S p r in g fie ld , .
T h ir d N ’ l B a n k , S p r in g fie ld , .
U n io n M a r k e t N a tio n a l B a n k ,
W a te rto w n , .
.
.
.


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

Estimated
Market Value.

Amount Invested.

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

$ 60 0
1 ,5 0 0
500
300
6 ,5 0 0
64
2 ,0 0 0

50 0
1 ,6 0 0
75 0
1 ,0 0 0
3 ,9 0 0

$ 1 ,0 5 0
1 ,5 0 0
520
357
9 ,1 0 0
4
3 ,0 0 0
60
535
1 ,5 3 6
15 0
1 ,0 5 0
4 ,2 9 0

500
1 ,6 0 0
75 0
1 ,0 0 0
3 ,9 0 0

00
00
00
00
00

4 ,3 0 0
1 0 ,0 0 0
1 ,0 0 0
1 ,0 0 0

4 ,3 8 6
1 6 ,0 0 0
1 ,0 5 0
2 ,2 5 0

00
00
00
00

4 ,3 0 0
1 0 ,0 0 0
1 ,0 0 0
1 ,0 0 0

00
00
00
00

$60 0
1 ,5 0 0
50 0
300
6 ,5 0 0
64
2 ,0 0 0
-

00
00
00
00
00
00
00
-

3 00

4 0 5 00

3 00 0 0

$ 3 5 ,8 1 4

$ 4 7 ,2 4 3 00

$ 3 5 ,8 1 4 0 0

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

No. 8 .]

SA Y IN G S B A N K COM M ISSIONEKS

459

Orange Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $20,582 40 } $42,318 45
during the year ending Oct. 31, 1900, .
. l 2 per cent.,
21,736 05 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 594
Number of accounts closed during the year ending Oct. 31, 1900,
. 322
4,170
Total number of open accounts Oct. 31, 1900....................................
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex2,796 83
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,................................................................................. 3,260
Amount of withdrawals, including dividends, during the year ending

216,736 91

Oct. 31,1900............................................................................................................
Number of s a m e , .................................................................................2,217
Date of examination by commissioner: January 26.

148,996 45


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

R E P O R T O F TH E

460

[Pub. D oc.

P A L M E R S A V IN G S B A N K — PA LM E R .

Incorporated March 4, 1870.
H. G . L o o m is , 'President.
W

il l ia m

Present number of corporators, 60.

H . W . M c G r e g o r y , Treasurer.
W . L e a c h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ja m e s B . S h a w ,
W m . H olbrook,
H e n r y G. L o o m is ,
E . G. H a s t in g s ,
W . E. S t o n e .

Open for business every business day except Saturdays, 9 a .m . to 3
9 a . m . to 12 m . ; also Fridays, 7.30 to 9 p . m .

p .m

. ; Saturdays,

B alance Sheet Oct . 31, 1900.

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, .
Boston Terminal Co. 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,
Unpaid interest account, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$84,000
33,270
4,700
258,000
3,000
25.000

00
00
00
00
00
00

14.000
1,477
994,266
247,369

00
77
00
00

5,450
2,015
30,140
1,993
1,064
10,518

00
00
14
44
07
78

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

$1,716,264 20

$1,641,848 44
56,500 00
5,798 33
10,849 39
1,268 04

$1,716,264 20

Cash on Deposit in Banks, amount in each : —
Palmer National Bank, Palmer........................................
City National Bank, Springfield,....................................
Springfield National Bank, Springfield,
Springfield Safe Deposit and Trust Company, Springfield,


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

$3,533
10,410
12,969
3,226

46
36
63
69

No. 8 .]

461

SA V IN G S B A N K CO M M ISSION ERS.

Palmer Savings Bank — C o n t in u e d .
Loans on Bank Stock, amount on each: —
$300 00
1,000 00
3,400 00

3 shares Palmer National Bank, Palmer, .
10 shares Palmer National Bank, Palmer, .
34 shares Palmer National Bank, Palmer, .

Loans on Railroad Stock, amount on each: —
12 shares Boston & Albany R . R . , ............................................................... $2,000 00
10 shares Boston & Albany R . R . , ............................................................
1,000 00

Detailed Statement o f Public Funds.
E s tim a t e d
P a r V a lu e .

C o u n t y o f W a s h in g t o n , M e ., 4 s ,
C i t y o f A lt o o n a , P a ., 4 s , .
o f K a n s a s C i t y , M o ., 4 è s ,.
o f M a l d e n , M a s s ., 4 s ,
o f P e o r i a , 1 1 1 ., 4 J s , .
o f R o c k f o r d , 1 1 1 ., 4 è s ,
o f W ra t e r b u r y , C o n n ., 4 s , .
T o w n o f M o n s o n , M a s s ., 4 s ,

*

M a r k e t V a lu e .

$ 1 1 ,0 0 0
5 .0 0 0
3 0 .0 0 0
1 0 .0 0 0
3 .0 0 0
5 .0 0 0
1 0 ,0 0 0
1 0 ,0 0 0

$ 1 2 ,3 2 0
5 ,5 5 0
3 3 ,9 0 0
1 0 ,4 5 0
3 ,2 2 5
5 ,3 2 5
1 1 ,0 5 0
1 0 ,8 8 5

00
00
00
00
00
00
00
00

$ 8 4 ,0 0 0

$ 9 2 ,7 0 5 00

A m o u n t In v ested .

$ 1 1 ,0 0 0
5 .0 0 0
3 0 .0 0 0
1 0 .0 0 0
3 .0 0 0
5 .0 0 0
1 0 ,0 0 0
10 ,0 0 0

00*
00
00
00
00
00
00
00

$ 8 4 ,0 0 0 00

A legal Investment when made.

N o. o f 1

S h a re s .

Detailed Statement o f B ank Stocks.

23
25
13
10
33
116
51
50
20
7

E s tim a t e d
P a r V a lu e .

N ’ l B ’ k o f C o m m e rc e , B o s to n ,
S ta te N a tio n a l B a n k , B o s to n , .
S u ffo lk N a tio n a l B a n k , B o s to n ,
B ro c k to n N ’l B a n k , B ro c k to n ,
M onson N a t’l B a n k , M onson, .
P a lm e r N a tio n a l B a n k , P a lm e r ,
A g a w a m N ’ l B ’ k , S p r i n g f i e l d ,.
C h a p in N ’l B a n k , S p r in g fie ld ,
S p r in g fie ld S a fe D e p o s it a n d
T r u s t C o . , S p r i n g f i e l d ,.
W a r e N a tio n a l B a n k , W a i’e , .


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

$ 2 ,3 0 0
2 ,5 0 0
1 ,3 0 0
1 ,0 0 0
3 ,3 0 0
1 1 ,6 0 0
5 ,1 0 0
5 ,0 0 0

A m o u n t I n v e s te d .

M a r k e t V a lu e .

$ 2 ,5 3 0
2 ,6 7 5
1 ,4 1 7
1 ,1 4 0
4 ,4 5 5
1 4 ,5 0 0
2 ,5 5 0
6 ,5 0 0

00
00
00
00
00
00
00
00

$ 2 ,3 0 0
2 ,5 0 0
1 ,3 0 0
1 ,0 0 0
3 ,3 0 0
1 1 ,6 0 0
3 ,5 7 0
5 ,0 0 0

00
00
00
00
00
00
00
00

2 ,0 0 0
70 0

3 ,0 0 0 00
7 3 5 00

2 ,0 0 0 00
7 0 0 00

$ 3 4 ,8 0 0

$ 3 9 ,5 0 2 00

$ 3 3 ,2 7 0 00

462

K E P O R T O F TH E

[Pub. D oc

Palmer Savings Bank — C o n t i n u e d .

Detailed Statement o f Railroad Bonds.
P a r V a lu e .

B o s to n & M a in e R .R . 4 s , .
B o s to n & M a in e R .R . 4 J s ,
B o s to n , R e v e r e B e a c h & L y n n R .R .
4 < £ s , ...................................................................................
C h i c ., B u r l i n g t o n & Q u i n c y R . R . 4 s ,
C o n c o rd & M o n tre a l R .R . 4s, ,
F itc h b u r g R .R . 4£s, .
.
.
.
F itc h b u r g R .R . 5s, .
G ra fto n & U p to n R .R . 4s,
Illin o is C e n tra l R .R . 3ès, .
Illin o is C e n tra l R .R . 4 s, .
M a in e C e n tr a l R .R . 7 s ,
M ilw a u k e e , L a k e S h o re & W e s te rn
R . R . 5 s , ...................................................................................
R u m fo r d F a lls & R a n g e le y La k e s
R . R . 5 s , ....................................................................................
U p p e r C oo s R .R . 4 s ,.
U p p e r C oo s R .R . 4^s,

$ 2 0 ,0 0 0
15 ,0 0 0

E s tim a te d
M a r k e t V a lu e .

$ 2 0 ,5 0 0 00
1 8 ,9 0 0 00
00
00
00
00
00
00
00
00
00

A m o u n t In v ested .

$ 2 0 ,0 0 0 00
15 ,0 0 0 00

2 0 ,0 0 0
10 ,0 0 0
1 0 ,0 0 0
10 ,0 0 0
2 3 ,0 0 0
10 ,0 0 0
2 5 ,0 0 0
5 0 ,0 0 0
2 ,0 0 0

2 4 ,0 0 0
1 0 ,8 0 0
1 1 ,0 7 5
1 1 ,2 5 0
2 5 ,5 3 0
1 0 ,4 5 0
2 5 ,2 5 0
5 5 ,5 0 0
2 ,6 8 0

2 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
10 ,0 0 0
2 3 ,0 0 0
1 0 ,0 0 0
2 5 ,0 0 0
5 0 ,0 0 0
2 ,0 0 0

00
00
00
00
00
00
00
00
00

2 3 ,0 0 0

2 8 ,5 2 0 00

2 3 ,0 0 0 00

3 0 ,0 0 0
5 ,0 0 0
5 ,0 0 0

3 7 ,8 0 0 00
5 ,2 5 0 00
5 ,7 0 0 00

3 0 ,0 0 0 00
5 ,0 0 0 00
5 ,0 0 0 00

$ 2 5 8 ,0 0 0

$ 2 9 3 ,2 0 5 00

$ 2 5 8 ,0 0 0 0 0

Boston Terminal Company Bonds.
P a r V a lu e .

E s tim a te d
M a r k e t V a lu e .

B o s to n T e r m i n a l C o m p a n y 3£ s,

$ 2 5 ,0 0 0

$ 2 8 ,7 5 0 00

A m o u n t In v e ste d .

$ 2 5 ,0 0 0 0 0

Total Am ount o f Loans , with Each Specified Rate o f Interest.
A m o u n t.

$3,533 46
13,637 05
12,969 63

B a te.

2 per cent.
3
3¿
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

A m ou n t.

$1,500 00
41,950 00
929,989 00

K ate.

A m ou n t.

R a te.

4 per cent.
4h
5
“

$138,430 00
144,731 00
200 00

5¿ per cent.
6
6¿
“

No. 8 .]

SA Y IN G S B A N K C O M M ISSION ERS.

463

Palmer Savings B a n k — 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, 1900,
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 475
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 466
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 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of eachsemi-annual dividend f 2| per cent.,
$28,896 57 |
during the year ending Oct.31, 1900,.
.1 2
per cent.,
29,190 12 1
Number of accounts opened during the year ending Oct. 31, 1900,
. 762
Number of accounts closed during the year ending Oct. 31,1900,
. 413
Total number of open accounts Oct. 31, 1900,
.
.
.
.
3,949
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
Number of s a m e ,.......................................................................................... 3,668
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 0 , ...................................................................................................
Number of s a m e ,.......................................................................................... 2,057
Date of examination by commissioner: January 11.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$14,000
14,000
10,800
146

00
00
00
42

1,477 77
1,225 00
537,752 00
3,570 00
74,535 31
58,086 69

3,920 76
357,959 11

187,679 92

464

R E P O R T O F TH E

[Pub. Doc

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, 16.

G e o r g e H. C a r l e t o n , President.
C h a r l e s S. T it c o m b , Treasurer.
C h a r l e s S. T it c o m b , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G e o r g e H. C a r l e t o n ,
Ol iv e r T a y l o r ,
John A . G a l e ,
T homas L a h e y ,
C h a r l e s H. H a y e s .

Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a . m . to 12.30 P.M.
B a l a n c e S h e e t O c t . 3 1 , 19 0 0 .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,*
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Premium account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$16,600
5,000
7,660
10,000
53,425
10,000
290,394
248,000

00
00
00
00
00
00
69
00

5,000
25,068
16,186
461
5,606
1,049

00
26
75
15
27
46

Deposits, .
Guaranty fund,
Interest account.
Profit and loss account, .

$694,451 58

$685,468 55
7,056 00
1,597 95
329 08

$694,451 58

* This amount has since been reduced within the legal limit.

Cash on Deposit in Banks, amount in each : —
Beacon Trust Company, Boston,....................................
Second National Bank, Haverhill,
.
.
.
.
Haverhill Safe Deposit and Trust Company, Haverhill,

$14,164 37
16,186 75
10,903 89

Loan on Public Funds : —
5,000

Montreal, Canada, 3£s,

5,000 00*

* Legal collateral has since been substituted on this loan.

Loans on Bank Stock, amount on each: —
60
5
10
33

shares
shares
shares
shares

Beacon Trust Company, Boston,.
Merchants’ National Bank, Haverhill,
Merchants’ National Bank, Haverhill,
Merchants’ National Bank, Haverhill,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,500 00
500 00
1,000 00

3,000 00

N o. 8 .]

S A Y IN G S

BANK

465

C O M M IS S IO N E R S

Pentucket Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of
of
of
of

Barre, Vt., 4s,
Brockton, Mass., 4s,
Grand Rapids, Mich., 4£s, .
Meriden, Conn., 4s,
New Britain, Conn., 4s,
Saginaw, Mich., 4s,
Taunton, Mass., 4s,
>

$1,000
1,600
2,000
3,000
5,000
3,000
1,000
$16,600

Estimated
Market Value.

$1,040
1,712
2,240
3,060
5,250
3,250
1,065

00
00
00
00
00
00
00

$17,617 00

Amount Invested.

$1,000
1,600
2,000
3,000
5,000
3,000
1,000

00
00
00
00
00
00
00

$16,600 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

10
25
30
10
10

Par Value.

Everett National Bank, Boston,
N’l B’k of the Republic, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
First National Bank, Chelsea,.

$160
2,500
3,000
1,000
1,000
$7,660

Estimated
Market Value.

Amount Invested.

$10
3,500
3,660
1,070
1,050

$160
2,500
3,000
1,000
1,000

00
00
00
00
00

$9,290 00

00
00
00
00
00

$7,660 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4ès,
Chic., Burlington & Quincy R.R. 3ès,
Fitchburg R.R. 4s, .
Illinois Centi'al R.R. 3£s,.
Maine Central R.R. 4ès, .
New York & New England R.R. 6s,
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$8,000
2,000
4,000
10,000
5,000
10,000
500
7,000
3,000
4,000
$53,500

Estimated
Market Value.

$8,720
2,290
5,040
10,200
5,550
10,000
530
7,630
3,270
4,480

00
00
00
00
00
00
00
00
00
00

$57,710 00

Amount Invested.

$8,000
2,000
4,000
10,000
5,000
10,000
500
7,000
2,925
4,000

00
00
00
00
00
00
00
00
00
00

$53,425 00

466

REPORT

OF

THE

[P ub. D oc.

Pentucket Savings Bank — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3ès,

$10,000

Estimated
Market Value.

Amount Invested.

$11,500 00

$10,000 00

Total Amount o f Loans, with Each Specified Rate of Interest.
Rate.

Amount.

2 per cent.
2è
“
3|
“
4
«

$3,000
189,500
16,500
220,114

Amount.

$14,164
10,903
10,000
52,000

37
89
00
00

Rate.

00
00
00
69

41 per cent.
4*
“
4f
“
5
“

Amount.

$20,000 00
10,000 00
37,280 00

Rate.

5,1 per cent.
5è

6

“

Number of loans which are of an amount not exceeding $3,000 each, 120
Aggregate amount of the s a m e , ........................................................................ $178,094 69
Total number of loans upon real e s t a t e , ............................................. 124
Oross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
27,545 90
Times for the dividends fixed by the by-laws: first Wednesday in February
and August.
¡Rate and amount of each semi-annual dividend ( 2 per cent., $11,153 74 1
024 48
during the year ending Oct. 31, 1900, .
.
( 1| per cent.,
10,870 74 i
’
Number of accounts opened during the year ending Oct. 31, 1900,
. 462
Number of accounts closed during the year ending Oct. 31, 1900,
. 246
Total number of open accounts Oct. 31, 1900,
.
.
.
.
1,704
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................
1,768 30
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 19o O ,..........................................................................................
206,068 33
Number of s a m e , .................................................................................2,130
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 0 , ...................................................................................................
130,293 78
Number of s a m e ,................................................................................. 1,706
Bate of examination by commissioner : January 25.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

N o. 8 .]

S A Y IN G S

BANK

467

C O M M IS S IO N E R S

PE O P LE’ S S A V IN G S B A N K — BROCKTON.
Incorporated Feb. 8, 1895.
W

il l ia m

Present number of corporators, 44.

L. D o u g l a s , President.
A. T. J o n e s , Treasurer.
J o h n S. K e n t , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
W i l l i a m L. D o u g l a s ,
E d w a r d B. M e l l e n ,
F r e d . P. R ic h m o n d ,
E m e r y M . Low,
F r a n c is B. G a r d n e r .

Open for business every business day, except Saturdays, 9
9

a .m .

B a l a n c e Sh e e t O c t .

to 2

f .m .

; Saturdays,

31, 1900.
Liabilities .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad bonds,
Boston Terminal Co. bonds,
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,
Furniture and fixtures,
Premium account,
Suspense account,
Cash on hand, .
.
.
.

a .m .

to 12 M.

$26,000
9,300
200
100,500
100
30,000
3.400
360,025
141,700

00
00
00
00
00
00
00
00
00

1.400
18,648
961
677
1,328
9,792
623
2,218

00
68
36
50
18
98
68
72

$698,887 27
4,597 81
3,391 02

Deposits, .
Guaranty fund,
Interest account,

$706,876 10

$706,876 10

Cash on Deposit in Banks, amount in each : —
Brockton National Bank, Brockton........................................................................
Home National Bank, Brockton.............................................................................
Plymouth County Safe Deposit and Trust Company, Brockton, .

$961 36
2,688 72
15,959 96

Loan on Bank Stock : —
.

$200 00

$100 Maine Central R .R . 7 s , .................................................................................

$ 10 0 00

5 shares Plymouth County Safe Deposit and Trust Company, Brockton,
Loan on Railroad Bonds : —


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

468

REPORT

OF

THE

[Pub. Doc

People’s Savings Bank, Brockton — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Brockton, Mass., 4s,
of Joliet, 111., 5s,
of New Britain, Conn., 4s,
Town of Stoughton, Mass., 4s,

Estimated
Market Value.

810,000
10,000
4.000
2.000

$11,135
10,570
4,520
2,114

826,000

$28,339 00

00
00
00
00

Amount Invested.

$10,000
10,000
4.000
2.000

00
00
00
00

$26,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

9
30
34
10
10

Par Value.

First National Bank, Boston, .
Massachusetts Loan and Trust
Company, Boston,
Suffolk National Bank, Boston,
Plymouth County Safe Deposit
& Trust Company, Brockton,
Brockton N’l Bank, Brockton,

Estimated
Market Value.

Amount Invested.

$900

$1,620 00

$900 00

3,000
3,400

3,420 00
3,706 00

3,000 00
3,400 00

1,000
1,000

1,000 00
1,140 00

1,000 00
1,000 00

$9,300

$10,886 00

$9,300 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Boston, Winthrop & Shore R.R. 5 s,.
Dexter & Newport R.R. 4s,
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s,.
Maine Central R.R. 4s,
Maine Central R.R. 5s,
Old Colony R.R. 4 s ,.
Old Colony R.R. 4£s,
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Portland & Rumford Falls R.R. 4s,.
Rumford Falls & Rangeley Lakes
R.R. 5s.............................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$2,000
7,000
5,000
10,000
39,000
2,000
2,500
2,000
1,000

$2,150
7,525
5,575
10,995
39,390
2,122
2,875
2,290
1,040

5,000
13,000

5,775 00
14,040 00

5,000 00
13,000 00

12,000

14,400 00

12,000 00

00
00
00
00
00
50
00
00
00

$2,000
7,000
5,000
10,000
39,000
2,000
2,500
2,000
1,000

00
00
00
00
00
00
00
00
00

$100,500 $108,177 50 $100,500 00

N o. 8 .]

S A Y IN G S

BANK

469

C O M M IS S IO N E R S .

People’ s Savings Bank, Brockton — Concluded.
Boston Terminal Company Bonds.

Par Value.

Boston Terminal Company 3Js,

$30,000

Estimated
Market Value.

Amount Invested.

$34,500 00

$30,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$2,688 72
15,959 96
1,400 00

Kate.

2 per cent.
3
«
4
“

Amount.

$45,000 00
248,750 00

Kate.

4^ per cent.
5_
“

Amount.

$54,700 00
153,575 00

Kate.

5£ per cent.
6
“

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$3,400 00
Assessed value of the s a m e ,.................................................................................
3,000 00
Number of loans which are of an amount not exceeding $3,000 each, 183
Aggregate amount of the s a m e , ........................................................................
363,525 00
Total number of loans upon real e s t a t e , ............................................. 194
Amount of investments from which no income is received, .
.
.
.
300 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 0 ,.................................................................................
31,647 94
Times for the dividends fixed by the by-laws: March 1 and September 1.
Rate and amount of eachsemi-annual dividend f 2 percent., $10,315 02 1
20,798 36
during the year ending Oct. 31, 1900,.
. 11| per cent.,
10,483 34 )
Number of accounts opened during the year ending Oct. 31, 1900,
. 908
Number of accounts closed during the year ending Oct. 31, 1900,
. 383
Total number of open accounts Oct. 31, 1900,
.
.
.
.
2,840
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
3,985 05
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,..........................................................................................
309,944 58
Number of same, .
4,698
Amount of withdrawals, including dividends, during the year ending
177,670 58
Oct. 31, 1 9 0 0 , ...................................................................................................
Number of s a m e , .......................................................................................... 2,839
Date of examination by commissioner: October 1.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

470

REPORT

OF

THE

[Pub. Doc,

P E 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, 45.

S k i n n e b , President.
F. H. C h a m b e b l i n , Treasurer.
A . L. G b e e n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W

il l ia m

S k in n e b ,

John T il l e y ,

J. N. H u b b a b d ,
[J. A . S u l l iv a n ,
J. D. H ab d y .

Open for business every business day except Saturdays, 9 a . m . to 4
9 a . m . to 12 m . ; also Thursdays, 7 to 8 p . m .

B a l a n c e Sh e e t O c t .

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand, .
.
.
.

p .m

. ; Saturdays,

31, 1900.

L iabilities .

$20,763
12,650
85.000
75.000
4,983
576,648
214,091
280
71,029
1,125
2,687

00
00
00
00
00
00
81
00
59
15
06

$1,064,257 61

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Suspense account, .

$1,023,585 96
23,400 00
10,501 19
2,770 46
4,000 00

$1,064,257 61

Cash on Deposit in Banks, amount in each : —
Home National Bank, Holyoke, .
.
.
.
Hampshire County National Bank, Northampton,
Northampton National Bank, Northampton,
Springfield National Bank, Springfield,

$26,029
10,000
15,000
20,000

59
00
00
00

$700
800
900
900
2,200

00
00
00
00
00

Loans on Bank Stock, amount on each : —
10 shares Home National Bank, Holyoke, .
11 shares Home National Bank, Holyoke, .
10 shares Home National Bank, Holyoke, .
10 shares Home National Bank, Holyoke, .
25 shares Home National Bank, Holyoke, .
3 shares Agawam National Bank, Springfield, .
10 shares First National Bank, Springfield,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

300 00

N o. 8 .]

S A Y IN G S

BANK

47Î

C O M M IS S IO N E R S .

People’s Savings Bank, Holyoke — Continued.
24 shares Franklin County National Bank, Greenfield,
.
.
.
.
10 shares Chicopee National Bank, Springfield,.............................................|
13 shares First National Bank, S p r i n g f i e l d , ................................. J
30 shares City National Bank, H o l y o k e ,........................................................
2 shares Home National Bank, H oly ok e,.................................................. I
2 shares Franklin County National Bank, Greenfield,
.
.
•
•■-

$ 2,000 00
2,000 00

2,850 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

58
20
10
50
50

Par Value.

City National Bank, H olyoke,.
Hadley Falls N’l B’k, Holyoke,
Holyoke N’l Bank, Holyoke, .
Home Nat’l Bank, Holyoke, .
John Hancock National Bank,
Springfield, .
.
.
.

$5,800
2,000
1,000
5,000

Estimated
Market Value.

$6,960
2,500
1,450
5,750

Amount Invested.

$5,913
2,700
1,650
5,000

00
00
00
00

00
00
00
00

5,000

5,250 00

5,500 00

$18,800

$21,910 00

$20,763 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$35,000
50,000

$39,200 00
56,000 00

$35,000 00
50,000 00

$85,000

$95,200 00

$85,000 00

Par Value.

Albany & Susquehanna R.R. 6s,
Fitchburg R.R. 4s, .

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3ès,

$75,000

Estimated
Market Value.

Amount Invested.

$86,250 00

$75,000 00

Total Amount of Loans, with Each Specified Bate o f Interest.

Rate.

Amount.

$61,029 59
10,000 00

3^ per cent.
4
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$46,000 00
720,744 81

Rate.

4£ per cent.
5
“

Amount.

$18,300 00
18,625 00

Rate.

5J per cent.
6
“

472

REPORT

OF

THE

[P ub. D oc.

People’s Savings Bank, Holyoke — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 185
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 191
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
Times for the dividends fixed by the by-laws: May 1 and November 1.
Rate and amount of each semi-annual dividend f 2 per cent., $15,797 96 )
during the year ending Oct. 31, 1900,.
.
1 2 per cent.,
17,002 901
Number of accounts opened during theyear ending Oct. 31, 1900,
. 823
Number of accounts closed during the yearendingOct. 31, 1900,
. 448
Total number of open accounts Oct. 31, 1900....................................
2,683
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1900..............................................................................................
Number of s a m e , ......................................................................... 4,353
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................
Number of s a m e , .........................................................................2,435
Date of examination by commissioner: September 7.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$4,983 00
4,100 00
294,412 71

44,341 16
32,800 86

3,820 61
363,407 29

249,498 06

No. 8 .]

S A V IN G S

BANK

473

C O M M IS S IO N E R S .

P E O P LE’S SA V IN G S B A N K — W O R C E ST E R .

Incorporated May 13, 1864.

Present number of corporators, 168.

S a m u e l R . H e y w o o d , President.

C h a r l e s M . B e n t , Treasurer.

F r e d e r i c k J . B a r n a r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S a m u e l R. H e y w o o d ,
A l b e r t W . G if f o r d ,
W i l l i a m W . J o h n so n ,
T homas M . R o g e r s,
E d w in T . M a r b l e .

Open for business every business day except Saturdays, 9
9 a . m . to 1 p . m . ; 6 to 8 p . m .

B a lan ce Sh e e t O c t.

to 4

p .m .

; Saturdays,

31, 1900.
L iabilities .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. 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), ....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Rents of real estate by fore­
closure, ....................................
Bank liquidation account,
Providence Building Co. stock,*
Cash on hand, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

a .m .

$657,598
665,259
7,031
1,510,123
30.000

75
00
00
75
00

135,000
45,680
3,689,958
2,140,236

00
16
29
24

80,139
150
212,657
5,539

63
00
25
30

422
14,801
10.000
12,964

30
19
00
62

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rent account, .
Due on mortgage
loans, .
Suspense account, .
Sundry interest items,

$9,217,561 48

* Taken to secure indebtedness.

$8,723,100 69
360,000 00
102,423 51
2,104 93
922 20
16,811 90
8,831 05
3,367 20

$9,217,561 48

474

REPORT

OF

THE

[Pub. Doc

People’s Savings Bank, W orcester — Continued.
Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston......................................................... $58,799
National Bank of the Republic, B o s t o n , ......................................................
60,259
Central National Bank, W o r c e s t e r ,...............................................................
55,964
Citizens’ National Bank, W orcester,...............................................................
37,634

06
21
37
61

Loans on Bank Stock, amount on each: —
36 shares Citizens’ National Bank, W orcester,....................................................... $3,600
10 shares Citizens’ National Bank, Worcester..................................................
1,000
5 shares National Bank of the Republic, Boston............................................
200
1,100
11 shares Hadley Falls National Bank, H o l y o k e , ....................................
7 shares First National Bank, N ortham pton,.........................................
346
500
5 shares Chicopee National Bank, Springfield,.............................................
10 shares Crocker National Bank, Turner’s F a l l s , ....................................
285

00
00
00
00
00
00
00

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, .
.
.
.
City of Beverly, Mass., 4s,
of Dayton, Ohio, 6s,.
of Holvoke, Mass., 4s,
of Keene, N. H., 4s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Milwaukee, Wis., 4s, .
of Nashua, N. H., 4s,
of New Bedford, Mass., 4s,
of Norwich, Conn., 5s,
of Peoria, 111., 4s,
of Peoria, 111., 4£s, .
of Providence, R. I., 4s, .
of Quincy, Mass., 4s,
of Springfield, Ohio, 5s, .
of Taunton, Mass., 4s,
of Waltham, Mass., 4s, .
of Worcester, Mass., 4s, .
of Worcester, Mass., 5s, .
Town of Dalton (F ir e D is t r ic t ),
Mass., 4s,
. . .
of Holbrook, Mass., 4s, .
of Leominster, Mass., 4s,
of Westborough, Mass., 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$50,000
10,000
14,000
25,000
10,000
26,000
25,000
52,000
10,000
25,000
19,000
12,000
25,000
50,000
5,000
3,000
7,000
13,000
200,000
2,000

$56,250
10,625
14,332
26,562
10,925
27,690
26,875
54,060
10,700
25,437
21,060
12,480
26,875
57,625
5,362
3,060
7,805
13,910
206,750
2,085

00
00
50
50
00
00
00
00
00
50
00
00
00
00
50
00
00
00
00
00

$56,843
10,000
15,125
25,000
10,000
26,400
25,000
52,000
10,000
25,000
21,144
12,000
27,000
55,000
5,000
3,156
7,000
13,000
202,930
2,000

20,000
30,000
2,000
2,000

21,650
31,275
2,000
2,090

00
00
00
00

20,000
30,000
2,000
2,000

$637,000

75
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$677,485 00 $657,598 75

A legal investment when made.

N o. 8 .]

S A V IN G S

BANK

475

C O M M IS S IO N E R S

People’s Savings Bank, W orcester — Continued.
Detailed Statement o f Bank Stocks.
V h CO
O <D

Par Value.

o £
fc œ

128
165
106
54
200
50
100
44
97
150
149
25
221
109
115
149
500
239
100
311
300
96
50
65
205
56
59
100
68
133
99
172
300
111
290
104
300
262

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat1] Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Continental Nat’l B’k, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Mechanics’ N’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Nat’l B’k of Commerce, Boston,
National Bank of the Com­
monwealth, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Flide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’ k, 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 Bank, Boston,
Centra] Nat’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

$12,800
16,500
4,770
5,400
20,000
—

10,000
704
9,700
15,000
_

2,500
22,100
10,900
11,500
14,900
50,000

Estimated
Market Value.

$14,720
16,500
2,650
5,616
30,000
250
14,000
44
12,028
15,000
447
3,000
36,023
11,990

00
$17,006 00
00
18,800 00
00
4,770 00
00
6,750 00
00
30,000 00
_
00
00
12,382 00
00
704 00
00
12,730 00
00
15,000 00
00 •
00
2,900 00
00
31,443 00
00
12,965 00

10,000
6,800
13,300
4,950
17,200
30,000
11,100
29,000
10,400

21,735
17,582
70,000
956
14,000
33,277
50,400
12,768
4,800
9,100
20,500
9,744
472
12,200
7,276
14,497
990
17,716
37,500
16,650
34,800
10,400

30,000
26,200

43,500 00
47,160 00

-

10,000
31,100
30,000
9,600
5,000
6,500
20,500
5,600
-

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

15,450 00
19,419 00
70,714 00
_

13,000
37,432
45,000
13,037
5,000
9,586
23,935
*8,600
467
10,000
8,050
14,533
4,950
20,068
42,085
13,629
36,550
10,400

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

35,984 00
41,920 00

$514,024 $670,291 00 $665,259 00

476

REPORT

OF

THE

[Pub. Doc

People’s Savings Bank, W orcester — Continued.
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$25,000
25,000
150,000

$28,000 00
29,250 00
154,125 00

$27,850 00
29,750 00
158,000 00

20,000
4,000
25,000
30,000
79,000
21,000
3,000
50,000
100,000
50,000
29,000
23,000
50,000
76,500
14,100

22,700
4,157
25,750
34,575
86,280
25,252
3,210
52,500
115,000
51,250
29,160
23,727
50,750
81,855
19,070

22,090
4,000
25,688
30,000
82,729
23,687
3,281
52,875
115,590
51,312
29,000
23,617
50,000
76,500
17,425

Par Value.

Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
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 & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 4 s ,.
Chic., Burlington & Quincy R.R. 5s,
Chicago <& North-Western R.R. 7s, .
Cleveland & Pittsburg R.R. 3¿s,
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3¿s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s,
Maine Central R.R. 4s,
Maine Central R.R. 7s,
Maine Central and European &
North American R.R. 4s,
Michigan Central R.R. 7s,
New York, Lackawanna & Western
R.R 6 s,.
New York & New England R.R. 6s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4 s ,.
Portland & Rumford Falls R.R. 4 s,.
St. Johnsbury & Lake Champlain
R.R. 5s, .
Sullivan County R.R. 4 s ,.
Vermont & Massachusetts R.R. 5s, .
Vermont Valley R.R. 5s, .
Western Pennsvlvania R.R. 4s,
Worcester, Nashua & Roch. R.R. 4s,

00
50
00
00
00
50
00
00
00
00
00
50
00
00
25

00
00
00
00
42
08
25
00
50
50
00
00
00
00
00

32,000
10,000

36,320 00
10,515 00

32,000 00
10,685 00

25,000
30,000
43,000

34,375 00
33,375 00
49,880 00

34,000 00
32,913 75
48,221 25

100,000
50,000
70,000
45,000

116,500
56,500
79,212
49,500

00
00
50
00

102,000
50,000
70,000
45,000

00
00
00
00

50,000
25,000
50,000
10,000
25,000
90,000

66,625
27,000
51,875
11,400
27,812
99,950

00
00
00
00
50
00

54,900
25,000
53,219
11,039
27,750
90,000

00
00
00
00
00
00

$1,429,600 $1,587,452 75 $1,510,123 75

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$30,000

Estimated
Market Value.

Amount Invested.

$34,500 00

$30,000 00

N o. 8 .]

S A V IN G S

BANK

477

C O M M IS S IO N E R S

People’s Savings Bank, W orcester — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$119,058
55,964
37,634
76,000
493,639

27
37
61
00

63

2

‘4
3
3f
4

per cent.
“
“
“
“

Amount.

$25,000 00
387,936 24
748,581 00
2 1 2 ,0 0 0 00
2 0 ,0 0 0 00

Kate.

4| per cent.
H
“
H
“
4f
“
4J
“

Amount.

$3,841,258
25.000
35.000
25.000
28,100

Kate.

29
00
00
00

5 per cent.
51
“
5^
“
H
“

00

6

Amount invested in real estate for banking purposes,.................................... $135,000 00
Estimated value of the same,
.
.
.
.............................................
140,000 00
Assessed value of the s a m e ,.................................................................................
80,600 00
Net income received from same during year ending Oct. 31, 1900,
2,572 81
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,...........................................................................................................
45,680 16
Assessed value of the s a m e ,.................................................................................
35,675 00
Net income received from same during year ending Oct. 31, 1900,
334 87
Number of loans which are of an amount not exceeding $3,000 each, 1,375
Aggregate amount of the s a m e , ........................................................................ 1,827,003 87
Total number of loans upon real e s t a t e , .................................... 1,672
Amount of investments from which no income is received, .
.
.
.
8,036 24
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 0 , ...............................................................
412,558 67
Times for the dividends fixed by the by-laws: February 15 and August 15.
Rate and amount of each semi-annual dividend f If per cent., $147,332 29
^ 295,306 89
during the year ending Oct. 31, 1900, .
.
1 If per cent., 147,974 60
Number of accounts opened during the year
ending Oct. 31, 1900,2,544
Number of accounts closed during the year ending Oct. 31, 1900,
2,110
Total number of open accounts Oct. 31, 1900,
.
.
.
.
18,763
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes).....................................................................................................
18,598 04
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,.......................................................................................... 1,144,209 45
Number of same..............................................................................................18,762
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900............................................................................................................ 1,479,424 93
Number of s a m e , ........................................................................................ 16,313
Date of examination by commissioners : December 14.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

478

REPORT

OF

THE

[Pub. Doc

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.
W

il l ia m

Present number of corporators, 32.

S . D a n f o r t h , President.
J a m e s D . T h u r b u r , Treasurer.
J o h n R u s s e l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h a r l e s S. D a v i s ,
C h a r l e s B. S t o d d a r d ,
W i l l i a m S. D a n f o r t h ,
G e o r g e E. M o rto n ,
Jam e s B . B ro w n .

Open for business every business day, 9

a .m .

to 1 p . m . ; 2 to 3

p .m .

B alance Sheet Oct. 31, 1900.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. 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, .
.
.
.

Liabilities .

$53,500
312,515
5,160
698,500
99,900

00
00
00
00
00

36,435
10,002
631,561
633,165

54
15
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$2,341,938 13
1 2 0 ,0 0 0 00

42,935 90
47,579 93

42,893 68
25,735 43
3,086 16
$2,552,453 96

$2,552,453 96

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston, .
Old Colony National Bank, Plymouth,
Plymouth National Bank, Plymouth, .

$681 52
19,234 87
5,819 04

Loans on Bank Stock, amount on each: —
10 shares Old Colony National Bank, Plymouth,
8 shares Old Colony National Bank, Plymouth,
9 shares Plymouth National Bank, Plymouth,.
5 shares Plymouth National Bank, Plymouth, .
9 shares Old Colony National Bank, Plymouth,
13 shares Plymouth National Bank, Plymouth, .
2 shares Old Colony National Bank, Plymouth,
10 shares Plymouth National Bank, Plymouth, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$900
500
500
400
800
1,090
970

00
00
00
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

479

Plymouth Savings Bank — C o n t in u e d .
Detailed Statement o f Public Funds.
Par Value.

C i t y o f B a n g o r , M e ., 6 s, .
o f B r o c k t o n , M a s s ., 4 s ,
o f K a n s a s C i t y , M o . , 4<£s,.
o f N e w B e d f o r d , M a s s ., 7 s ,
o f R o c k f o r d , 1 1 1 ., 4 ^ s ,
T o w n o f B e l m o n t , M a s s ., 4 £ s , .
o f L e o m i n s t e r , M a s s ., 4 s ,

$ 6 ,0 0 0
1 6 ,0 0 0
5 .0 0 0
10 ,0 0 0
10 ,0 0 0
3 ,5 0 0
3 .0 0 0
$ 5 3 ,5 0 0

Estimated
Market Value.

$ 6 ,6 6 0
1 6 ,4 8 0
5 ,7 0 0
1 1 ,3 0 0
1 0 ,6 0 0
3 ,5 0 0
3 ,0 0 0

00
00
00
00
00
00
00

$ 5 7 ,2 4 0 00

Amount Invested.

$ 6 ,0 0 0
1 6 ,0 0 0
5 .0 0 0
1 0 ,0 0 0
10 ,0 0 0
3 ,5 0 0
3 .0 0 0

00
00
00
00
00
00
00

$ 5 3 ,5 0 0 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

7
84
P 70
10 0
10 0
10 0
22 8
10 8
200
84
10 6
427
10 0
74
86
55
2 70
93
13 0
41
97
60
10 0
30
55
2 78
18 4
10 0
171

Par Value.

A b in g to n N ’l B a n k , A b in g t o n ,
A tla s N a tio n a l B a n k , B o s to n , .
B o y ls to n N a t ’ l B a n k , B o s to n , .
C o lo n ia l N a t ’ l B a n k , B o s to n , .
F i r s t W a r d N ’ l B a n k , B o s t o n ,.
M a n u fa c tu r e r s ’ N ’l B ’k , B o s to n ,
M e r c h a n ts ’ N ’l B a n k , B o s to n , .
N ’l B ’k o f C o m m e rc e , B o s to n ,
N a t io n a l B a n k o f th e C o m ­
m o n w e a lth , B o s to n ,
N a t io n a l C it y B a n k , B o s to n , .
N a t ’l E x c h a n g e B a n k , B o s to n ,
N a t ’l S h a w m u t B a n k , B o s to n , .
N a tio n a l U n io n B a n k , B o s to n ,
N a tio n a l W e b s te r B ’k , B o s to n ,
N e w E n g la n d N ’ l B ’k , B o s to n ,
O l d B o s to n N ’ l B a n k , B o s to n ,
S e c o n d N a tio n a l B a n k , B o s to n ,
S h a w m u t N a t ’ l B a n k , B o s t o n ,.
S ta te N a t io n a l B a n k , B o s to n , .
S u ffo lk N a t ’l B a n k , B o s to n ,
T r e m o n t N a t ’l B a n k , B o s to n , .
B r o c k t o n N ’ l B a n k , B r o c k t o n ,.
H o m e N a t ’l B a n k , B ro c k to n , .
H in g h a m N ’l B a n k , H in g h a m ,
R a ilr o a d N a t ’ l B a n k , L o w e l l , .
O l d C o lo n y N ’ l B ’k , P ly m o u t h ,
P ly m o u th N ’l B ’k , P ly m o u th , .
T h ir d N a t ’ l B a n k , S p r in g fie ld ,
B ris to l C o u n ty N a tio n a l B a n k ,
T a u n to n ,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$687
7 ,9 8 0
7 ,0 0 0
10 ,0 0 0
10 ,0 0 0

00
00
00
00
00

$ 73 5
8 ,4 0 0
7 ,2 8 0
1 5 ,0 0 0
1 5 ,0 0 0
300
3 7 ,1 6 4
1 1 ,8 8 0

00
00
00
00
00
00
00
00

2 2 ,8 0 0 00
9 ,1 8 0 00

13 ,0 0 0
4 ,1 0 0
4 ,8 5 0
6 ,0 0 0
10 ,0 0 0
3 ,0 0 0
5 ,5 0 0
2 7 ,8 0 0
1 8 ,4 0 0
10 ,0 0 0

3 7 ,8 0 0
336
1 4 ,8 4 0
7 1 ,7 3 6
1 3 ,3 0 0
7 ,1 0 4
1 2 ,0 4 0
5 ,5 0 0
4 6 ,9 8 0
74 4
1 3 ,9 1 0
4 ,4 6 9
9 70
6 ,8 4 0
1 7 ,5 0 0
3 ,0 0 0
6 ,8 7 5
3 1 ,9 7 0
1 9 ,3 2 0
2 2 ,5 0 0

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

2 0 ,0 0 0 00
40
1 0 ,6 0 0 00
4 2 ,7 0 0 00
10 ,0 0 0 00
6 ,2 8 0 00
8 ,6 0 0 00
5 ,0 0 0 00
2 7 ,0 0 0 00
13 ,0 0 0 00
3 ,3 9 8 00
95 0 00
6 ,0 0 0 00
9 ,5 0 0 00
3 ,0 0 0 00
5 ,5 0 0 00
2 7 ,8 0 0 00
1 8 ,4 0 0 00
1 0 ,0 0 0 00

1 7 ,1 0 0

2 0 ,5 2 0 00

1 7 ,1 0 0 00

$ 3 2 1 ,2 5 0

$ 4 5 4 ,0 1 3 00

$ 3 1 2 ,5 1 5 00

$ 70 0
8 ,4 0 0
7 ,0 0 0
10 ,0 0 0
10 ,0 0 0
-

2 2 ,8 0 0
10 ,8 0 0
2 0 ,0 0 0
-

1 0 ,6 0 0
4 2 ,7 0 0
1 0 ,0 0 0
7 ,4 0 0
8 ,6 0 0
5 ,5 0 0
2 7 ,0 0 0
-

-

480

REPORT

OF

THE

[Pub. D oc.

Plymouth Savings Bank — C o n t in u e d .
Detailed Statement o f Railroad Bonds.

Par Value.

B e n n in g to n & R u tla n d R .R . 4£s,
B o s to n & L o w e l l R .R . 4 s ,
B o s to n & M a in e R .R . 4 s , .
B o s to n & M a in e R . R . 4 £ s,
C h i c ., B u r l i n g t o n & Q u i n c y R . R . 4 s ,
C o n n . & P a s s u m p s ic R i v e r s R . R . 4 s ,
F itc h b u r g R .R . 4s, .
G r a fto n & U p to n R .R . 4s,
I l l i n o i s C e n t r a l R . R . 3 £ s ,.
Illin o is C e n tra l R .R . 4 s, .
M a in e C e n tr a l R .R . 4s,
M a in e C e n tr a l R .R . 7 s ,
M ilw a u k e e , L a k e S h o re & W e s te rn
R . R . 5 s , ...................................................................................
N e w Y o r k , P r o v id e n c e & B o s to n
R . R . 4 s , ...................................................................................
O l d C o lo n y R .R . 4 s , .
P e n o b s c o t S h o re L in e R .R . 4s,
P o r t l a n d & R u m f o r d F a l l s R . R . 4 s ,.
R u m fo r d F a lls & R a n g e le y L a k e s
R . R . 5 s , ...................................................................................
S t . J o h n s b u r y & L a k e C h a m p la in
R . R . 5 s , ...................................................................................
U p p e r C oo s R .R . 4£s,
W o rc e s te r, N a s h u a & R o c h . R .R . 4s,

$ 2 5 ,0 0 0
5 0 ,0 0 0
10 ,0 0 0
5 0 ,0 0 0
2 5 ,0 0 0
3 0 ,0 0 0
1 0 0 ,0 0 0
2 5 ,0 0 0
3 0 ,0 0 0
3 5 ,0 0 0
2 5 ,0 0 0
1 0 ,5 0 0

Estimated
Market Value.

$ 2 8 ,0 0 0
5 2 ,0 0 0
1 1 ,4 0 0
6 2 ,5 0 0
2 7 ,5 0 0
3 4 ,2 0 0
1 0 5 ,8 8 0
2 5 ,0 0 0
3 0 ,0 0 0
3 8 ,8 5 0
2 6 ,5 0 0
13 ,9 6 5

00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$ 2 5 ,0 0 0
5 0 ,0 0 0
1 0 ,0 0 0
5 0 ,0 0 0
2 5 ,0 0 0
3 0 ,0 0 0
9 7 ,0 0 0
2 5 ,0 0 0
3 0 ,0 0 0
3 5 ,0 0 0
2 5 ,0 0 0
1 0 ,5 0 0

00
00
00
00
00
00
00
00
00
00
00
00

1 6 ,0 0 0

2 0 ,0 0 0 00

1 6 ,0 0 0 00

10 ,0 0 0
3 3 ,0 0 0
5 0 ,0 0 0
3 7 ,0 0 0

1 1 ,5 0 0
3 7 ,2 2 0
5 3 ,5 0 0
4 0 ,3 3 0

10 ,0 0 0
3 3 ,0 0 0
5 0 ,0 0 0
3 7 ,0 0 0

2 5 ,0 0 0

2 9 ,2 5 0 00

2 5 ,0 0 0 00

5 0 ,0 0 0
2 5 ,0 0 0
4 0 ,0 0 0

6 5 ,5 0 0 00
2 8 ,2 5 0 00
4 4 ,8 0 0 00

5 0 ,0 0 0 00
2 5 ,0 0 0 00
4 0 ,0 0 0 00

$ 7 0 1 ,5 0 0

$ 7 8 6 ,1 4 5 00

$ 6 9 8 ,5 0 0 00

00
00
00
00

00
00
00
00

Boston Terminal Company Bonds.

B o s to n T e r m in a l C o m p a n y 3£s,

Par Value.

Estimated
Market Value.

Amount Invested.

$ 10 0 ,0 0 0

$ 1 1 5 ,0 0 0 00

$ 9 9 ,9 0 0 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$25,735 43
55.000 00
75.000 00
148,193 68

Kate.

2

H
3|
4


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

per cent.
“
“
“

Amount.

$96,000
144,200
25,000
485,860

00
00
00
00

Kate.

Amount.

41 per cent.
“
4ft
“
5
“

$121,165 00
30,000 00
132,361 00

Rate.

5^ per cent.
5|
“
6
“

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

481

Plymouth Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.
.
.
.
$36,43554
Estimated value of the s a m e , ......................................................
41,800 00
Assessed value of the same, .................................................................................
41,800 00
Net income received from same during year ending Oct. 31, 1900, .
.
24947
Value, by books, of other real estate, held or owned by foreclosure or
oth erw ise,..........................................................................................
10,002
15
Assessed value of the s a m e ,...............................................................
9,800
00
Net income received from same during year ending Oct. 31, 1900, .
.
9282
Number of loans which are of an amount not exceeding $3,000 each, 296
Aggregate amount of the same..............................................................................
316,652 12
Total number of loans upon real e s t a t e , .............................................334
Amount of investments from which no income is received, .
.
.
.
941 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1900.......................................................................
119,306 74
Times for the dividends fixed by the by-laws: Monday preceding the first
Tuesday in January and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
$45,560 55 1 gj ^
^
during the year ending Oct. 31, 1900,.
.
1 2 per cent.,
45,844 62)
’
Number of accounts opened during the year ending Oct. 31, 1900,
. 329
Number of accounts closed during the year ending Oct. 31, 1900,
. 413
Total number of open accounts Oct. 31, 1900,
.
.
.
.
5,958
Total expenses of the corporation for the year ending Oct. 31, 1900 (ex­
clusive of taxes),
..........................................................................................6,110 55
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 0 ,.................................... .....................................................
207,199 49
Number of s a m e ,................................................................................. 2,587
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1900...........................................................................................................
292,050 06
Number of s a m e ,................................................................................. 3,894
Date of examination by commissioner: August 16.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

482

REPORT

OF

THE

[P ub. Doc

P L Y M O U T H F IV E CENTS S A V IN G S B A N K — P L Y M O U T H .
Incorporated April 6 , 1855.
W

il l ia m

Present number of corporators, 41.

R . D r e w , President.
W i l l i a m W . B r e w s t e r , Treasurer.
W i l l i a m W . B r e w s t e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W il l ia m W . B r e w s t e r ,
T h o m a s N. E l d r i d g e ,
E v e r e t t F. S h e r m a n ,
W a l t e r L. B o t d e n ,
B e n j a m in F. W a r d .

Open for business every business day, 9 a . m . to 1 p .m . ; 2 to 3
7 to 8 p .m .

B

alance

p .m .

; also Saturdays,

S h e e t O c t . 3 1 , 19 0 0 .

A ssets.

Liabilities.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Boston Terminal Co. bonds,
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,
Suspense account,
New York & Western Coal Co.
s t o c k , * ....................................
Cash on hand, .
.
.
.

$142,000

00
200 00
50,050 00
6 ,0 0 0 00
259,500 00
4,800 00
25,000 00

Deposits, .
Guaranty fund,
Interest account.
Profit and loss account, .

$1,548,434 83
67,160 00
20,469 71
4,491 46

12,751 08
2,179 83
721,690 00
313,715 0 0
64,530 00
34,239 69
1,607 95
502 02
500 00
1,290 43
$1,640,556 00

$1,640,556 00

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston, .
Old Colony National Bank, Plymouth,
Plymouth National Bank, Plymouth,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$9,926 92
10,532 48
13,780 29

N o . 8 .]

S A V IN G S

BANK

483

C O M M IS S IO N E R S

Plym outh Five Cents Savings Bank— C o n t in u e d .
Loan on Public Funds : —
$200 United States 4 s , ..........................................................................................

f 200 00

Loans on Bank Stock, amount on each: —
9 shares Old Colony National Bank, Plymouth....................................... ;
5 shares Plymouth National Bank, P l y m o u t h , .................................... )
100 shares Whitman National Bank, W hitman,.............................................

*1 000 00
^ ’
5,000 00

Loans on Railroad Stock, amount on each : —
19 shares Boston & Alban