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. . No. 8.

PUBLIC DOCUMENT .

TWENTY-FIRST ANNUAL ;iie>U lp :’ T V'

B oard of Comm issioners
SAVINGS BANKS.
1896 .
P

a r t

I.

R E L A T IN G TO

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

B O STO N :
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,


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Federal Reserve Bank of St. Louis

18 Post Office Square .

1897.


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Federal Reserve Bank of St. Louis

3 5i>7
M 3U

IS

®omm0iito£aitb ûf |Jl;tss;iclntsctts.
O f f ic e

of t h e

B o a r d of C o m m iss io n e r s of S a v in g s B a n k s ,
S t a t e H ou se E x t e n s io n , B oston , Jan. 9, 1897.

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

The Board o f Commissioners of Savings Banks, in accord­
ance with the provisions of statute, respectfully submits its
twenty-first annual report, relating to the condition of the
institutions under its supervision.
The number of such institutions is at present 350, with
aggregate assets of about $617,000,000.
v Part I., herewith submitted, gives the statistics and con­
dition of the following institutions, viz. : —
187 savings banks and institutions for
savings, with assets of .
.
. $481,995,826 47
32 trust companies, with assets of .
.
110,372,753 14
2 trust companies in hands of receivers.
3 savings banks in hands of receivers.

Part II., to be presented later in the session, will include
statements o f : —

bo

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

Since date of last report, 2 savings banks, 1 trust company
and 3 co-operative banks have commenced business ; the fol-


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Federal Reserve Bank of St. Louis

VI

REPOKT OF THE

[Pub. Doc.

lowing statement gives the names of these institutions, with
date of incorporation and the time when they commenced
business : —

Date of
Incorporation.

Name.

Date of
Commencement of
Business.

Savings Banks.
Dorchester Savings Bank, Dorchester, .

April

16, 1894,

May 25, 1896.

Newton Centre Savings Bank, Newton
C entre,....................................................

Feb.

25, 1896,

July 11, 1896.

Newtonville Trust Company, Newtonville, March 24, 1894,

March 16,1896.

Trust Companies.

Co-operative Banks.
Adams Co-operative Bank, Adams,

Dec.

17, 1895,

March 10,1896.

Groveland Co-operative Bank, Gi’oveland,

Nov.

4, 1895,

Nov. 19, 1895.

Waverly Co-operative Bank, Belmont, .

April

4, 1896,

April 13,1896.

i

The Malden Trust Company and the Worcester Collateral
Loan Association having begun business since October 31, the
date on which the annual returns of the various institutions are
made up, no returns of these institutions are submitted.
I n s t it u t io n s C h a r t e r e d b u t n o t y e t C o m m e n c e d B u s in e s s .

The Dorchester Safe Deposit and Trust Company, Boston.
The Fidelity Trust Company, Boston.
The Fitchburg Loan, Trust and Safety Deposit Company, Fitchburg.
The Ilyde Park Trust Company, Hyde Park.
The Pynchon Safe Deposit and Trust Company, Springfield.

D iv id e n d s .

The following table shows the rates of dividends paid during
the year, in comparison with those paid during the year ending
Oct. 31, 1895 : —


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Federal Reserve Bank of St. Louis

No. 8.]

vii

SAYINGS BANK COMMISSIONERS.

D iv i d e n d s P a id

d u r in g th e

Y ear

e n d in g

Oc t .

31, 1896.

3* savings banks paid at the rate of

3 per cent.

5

H
31

2

In­
crease.

De­
crease.

•2
No ch ange.
2

1

4

157f

1

No eh ange.

7

10

H
H

1

44

5

No
No

“

an extra dividend,

* Including the Bay State Savings Bank, Worcester, which, having recently com­
menced business, paid only one dividend (14 per cent.) during the year.
f Including the Dorchester Savings Bank, which, having recently commenced busi­
ness, paid only one dividend (2 per cent.) during the year.

The Newton Centre Savings Bank, which commenced busi­
ness during the year, has not declared any dividends.
Those banks which declared dividends at rates other than
the general rate of two per cent, each half year paid as
follows : —
2 banks paid the first term
cc
cc
2 CC
cc
cc
1 cc
cc
cc
cc
3
c
c
cc
c
c
1
cc
cc
1 cc
cc
cc
1 cc
cc
cc
1 cc
c
c
c
c
c
c
3
cc
cc
cc
3
cc
cc
cc
7
cc
c
c
c
c
2
cc
cc
1 cc

\\ per cent.,
cc
n
cc
If
cc
2
cc
2
cc
2
cc
2
2

91
91
n
n
n

cc
cc
cc
cc
cc

the second term
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc

l i per cent.
cc
2
cc
2
cc
lì
cc
If
cc
21
cc
21
cc
2Ì
cc
21
cc
2
cc
21
cc
2
cc
21

The total amount of dividends declared was $16,835,008.38,
— an increase of $809,114.94 over the previous year, notwith­
standing the fact that in 1895 extra dividends were declared to
the amount of $121,826.71, whereas during the past year no
extra dividends have been declared.


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

viii

A

State m e n t

ggregate

of

L ia b il it ie s

A

and

ssets,

Showing Increase or Decrease, as compared with the Year ending Oct. 31,
1895.
L ia b ilitie s .

Amount
Oct. 31, 1896.

C l a s s i f ic a t i o n .

D ep osits,............................................................
Guaranty fund,
.
.
. ' .
Undivided e a r n i n g s , ...................................
Due on incomplete mortgage loans, .

$453,220,257
19,044,522
9,561,199
93,138

27
24
07
12

76,709 77

Sundry lia b ilities,...........................................

Percentage
of
Increase.

Increase.

3.18

$13,950,396 12
982,979 76

5.44

635,727 87

6.99

1

j-

J

$481,995,826 47

-

-

A ssets.

Amount
Oct. 31,1896.

C lassific a tio n .

99 $1,633,327 53
65
816,847 00
88
63
129,052 37
49,379,499 05
802,946 82

Railroad bonds, .
Loans on railroad bonds,
Loans on railroad stock,
Railroad notes,
Real estate for banking purposes,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns (notes),
Loans on depositors’ books

Cash on hand: —
In banks, on interest, .
In banks, not on interest.................................
In office,


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Federal Reserve Bank of St. Louis

Increase.

$69,460,753
2,176,378
28,435,188
2,004,349

Public funds,
Loans on public funds,
Bank stock, .
Loans on bank stock, .

Sundry assets,
Expense account, .

s-t 2 •
OmO
D
8) o S

•

•

Decrease.

_
$553,732 30

240,550 00
1,001,232 84

36,200 00
170,632 84

-

3,245,000 00

2,795,000 00

-

224,564 50
273,892 37

-

4,048,965
1,813,083
201,985,142
91,793,373
10,174,142

63
13
39
27
31

44,997 05
575,799 04
183,927 63

8,656,307 35
2,046,836 91
|

70,271 76

1,087,599 92
8,947 20
-

S £<
£ ®n
<3 S o
Phw Eh
14.41
.45
5.90
.42
10.24
.05
.67
.84
.38
41.91

.21

19.04
2.11
.01
.16

$13,253,990 28
509,479 45
1,669,973 25

15,433,442 98

-

$481,995,826 47

-

436,496 28
-

3.20
-

No. 8.]

SAYINGS BANK COMMISSIONERS.

IX

The total number of open accounts by which the aggregate
deposits o f $453,220,257.27 are represented is 1,340,668,—
an average to each account of $338.06 ; the previous year the
average was $337.25 and the number of accounts was 1,302,479.
The number o f deposits made during the year was 1,225,089
and the sum deposited was $78,916,530.70; as compared with
the previous year, there was an increase of 10,918 in number
o f deposits made and a decrease in the amount deposited of
$1,851,938.19.
The average sum deposited during the past year was $64.42,
— a decrease of $2.10, as compared with the year before.
These figures make it appear that the banks continue to be
the depositories of people of limited means, and also indicate
that such people have not been able to lay by so much as they
did the previous year.
The number of withdrawals during the year was 1,050,329
and the amount withdrawn was $81,751,390.90, — an average
to each of $77.83 ; an increase of 88,124 in number, of $7,441,605.14 in amount and of 60 cents in the average.
©
The amount withdrawn exceeded the amount deposited by
$2,834,860.20.
In 1893,'the year o f the panic in financial circles, the with­
drawals exceeded the deposits by over $6,000,000; with this
exception, the past year is the only year since 1879 when the
deposits have not exceeded the sums withdrawn.
Taking into account the assets and liabilities of the Brook­
field Savings Bank and the Millis Savings Bank, statements of
which banks were included in our last, but which are omitted
in the present, report (both banks being in the hands of a
receiver), the aggregate deposits show an increase of $14,003,756.18 and the total assets an increase of $15,626,534.59, as
compared with last year.
During the year ending Oct. 31, 1895, the increase in de­
posits was $22,491,843.62 and the increase in assets was
$24,035,457.91.


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Federal Reserve Bank of St. Louis

I

REPORT OF THE

X

I n crease

in

A ggregate

[Pub. Doc.

D e p o s it s .

From the following statement it appears that the increase in
aggregate deposits is not as large in the banks located in
Boston as in those located in other parts of the Common­
wealth.
16 Banks in Boston, holding 31.41+ per cent, of the aggregate
deposits, show only 25.77+ per cent, of the total gain.
59 Banks in cities other than Boston, holding 45.59+ per cent, of
the aggregate, show a gain of 48 47 per cent, of the total
gain.
112 Banks in the towns and villages, holding 23.00+ per cent, of
the aggregate, show a gain of 25.76+ per cent, of the total
gain.
I n vestm en ts.

A reference to the statement of assets on page vi will dis­
close the fact that the net increase in investments is covered by
the items of public funds and loans thereon, of railroad bonds
and railroad notes, and loans on real estate, all of which are
generally estimated by conservative, careful investors as among
the safest.
The increase of $273,892.37 in real estate held by fore­
closure is not a pleasing exhibit, but the amount is perhaps no
larger than was to be expected, in view of the large amount of
loans which are held by the banks and the depression in
business.
The ratio which this item bears to the aggregate assets is
about three-eighths of one per cent., being about the same pro­
portion as existed in 1891, 1892 and 1894, but considerably
exceeding the ratio in 1893, when it was about one-fourth of
one per cent.
The investment in bank stock is reduced from last year in
the amount of $553,732.30.
During the year 35 banks bought an aggregate of 1,670
shares of bank stock, 15 banks sold an aggregate of 1,055|
shares of bank stock, and the reduction of capital in several
associations eliminated 5,797|| shares.
Loans on personal security show an increase of $2,046,836.91; notwithstanding this, the aggregate amount is a smaller


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

xi

per cent, of the total assets than has been the case in any year,
with one exception (1894), during the past ten years.
The following table shows a comparison o f this item with
the return o f a year ago ; from this it will be observed that a
slightly larger proportion is supplemented by collateral than
in the previous year : —

Am ount loaned on personal security, with collateral,
Am ount loaned on personal security, without collateral, .

1895.

1896.

$44,352,154 00
45,394,382 36

$45,573,539 58
46,219,833 69

$89,746,536 36

$91,793,373 27

The items of cash on hand and on deposit in national banks
show a decrease as compared with the previous year of $436,496.28 ; these items amount in the aggregate to $15,433,442.98,
which is 3.20 per cent, of the entire assets of the banks; the
percentage for the preceding four years was as follows, viz. : —
Per Cent.

In
In
In
In

1892,
1893,
1894,
1895,

3.35
3.43
4.04
3.40

These facts would seem to effectually disprove the current
idea that the banks were hoarding money just previous to the
national election.
B u s in e s s

of

the

B anks.

The annexed statement gives in tabulated form the statistics
o f the business of the banks for the year, and also shows the
increase or decrease in the several items, as compared with the
previous year: —
Oct. 31, 1896.
Number o f open accounts..........................................
Average amount to the credit of each account, .
Number o f d e p o s i t s , ...........................................
Number of w i t h d r a w a l s , ..................................
Amount deposited (not including dividends),
Average o f d e p o s i t s , ...........................................
Amount withdrawn (including dividends), .
Average of w i t h d r a w a l s , ..................................
Amount o f e x p e n s e s , ...........................................
Total earnings..............................................................
Total ordinary dividends..................................
Total extra dividends..................................................
Number of loans o f an amount not exceeding
$ 3 , 0 0 0 ,....................................................................
Number o f loans upon real estate security, .


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Federal Reserve Bank of St. Louis

1,340,663
$338
1,225,089
1,050,329
$78,916,530
64
81,751,390
77
1,134,581
21,798,078
16,835,008
None.
64,170
72,656

06

Increase.

Decrease.

38,189
$0 81
10,918
88,124

70
42
90 $7,441,605 14
83
60
43
53,969 73
08
1,201,854 86
38
930,941 65
-

_

2,370
2,736

$1,851,938 19
2 10

121,826 71

REPORT OF THE

Xll

B anks

connected

w it h

O ther

[Pub. Doc.

I n s t it u t io n s .

O f the thirteen banks incorporated within the past seven
years, at least six have been established in the rooms, or
directly connected with the business rooms, of other financial
institutions.
When the charters of some of these banks were applied for,
it was distinctly stated to the committee on banks and banking
that they were not to be in any way connected with another
financial institution ; this statement was no doubt made in
good faith, but subsequent developments caused the parties
interested to change their minds as well as their plans, and
the banks were established under conditions which, if foreseen
by the committee, might have caused it to make an adverse
report on the petitions.
It is a well-established opinion among business men gen­
erally that no two monied institutions should conduct their
business in the same room and with the same active officers ;
experience, however, not only in this Commonwealth but
elsewhere, has demonstrated that it is impossible to procure
legislation looking to the separation of institutions already
connected ; we believe, however, in the light of recent occur­
rences, that an act should be passed prohibiting any bank here­
after incorporated from occupying rooms in any way connected
with another bank or trust company.
B anks

in

H ands

of

R e c e iv e r s .

Stockbridge Savings Bank.
The litigation referred to in our last report is still pending,
the death of Ex-Governor Robinson, counsel for the defence,
and the subsequent illness of one of the parties in interest,
having been the cause of postponement from time to time ; it
is now expected that the case will come up for trial very soon.
The receiver has realized about all he can out of the assets
of the bank, and upon the termination of the litigation above
noted will at once proceed to procure a final settlement with
the Fidelity and Casualty Company for its liability on the bond
o f the former receiver, Hobbs, after which a final dividend will
be declared.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

xiii

The dividends thus far declared have been : —
1 of
1 of
1 of
1 of

33| per cent., declared July 28, 1891.
16|
“
“
Feb. 15, 1892.
15
“
“
Nov. 1, 1894.
10
“
“
Nov. 27, 1895.

Brookfield Savings Bank.
At the date of our last report an injunction had just been
put upon this bank and George W . Johnson appointed as
receiver, and the discovery made that the former treasurer,
Hiram P. Gerald, had been tampering with the depositors’
accounts and books, in consequence of which the actual lia­
bilities o f the bank were found to be about $27,000 in excess
of what its books had previously indicated.
The former treasurer left Brookfield December 28, and was
arrested in Baltimore about four weeks later, subsequently
arraigned in court, pleaded guilty, and was sentenced to im­
prisonment for not less than seven nor more than ten years.
The receiver has vigorously pressed the liquidation of the
affairs of the bank and has brought suit against the bondsmen
o f the late treasurer, and hopes to be able to close the affairs
of the bank during the present year.
O f the first dividend of 30 per cent., payable April 24,
1896, there remained unpaid, at date of the annexed report,
the sum of $126.36.
A second dividend of 20 per cent., amounting to $14,781.02,
was declared payable November 23 last.
The following statement shows the amount of assets de­
livered to the receiver Dec. 17, 1895 ; also the receipts and
disbursements during the year and the remaining assets at
close o f business October 31 last: —


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Federal Reserve Bank of St. Louis

i

xiv

Statement of Brookfield Savings Bank, Oct. 31, 1896.
D is p o s it io n o p A s s e t s .

Assets Dee. 17,
1895.

.

.

.

.

$14,215
33,052
400
100

00
73
00
00

$9,600 00
29,909 55
235 00

Interest
Collected.

$465 42
1,285 15

Loss
on Fore­
closure.

$395 25
165 00

Offset
by Deposit
Books.

Previous
Payments

$115 00
172 93

$250 00
160 00

$9,965 00
30,627 73
400 00

$287 93

$400 00

$40,992 73

Assets Oct. 31,
Credits

1896.

on Principal.

$4,250 00*
2,425 00
100 00

$1,750 57

$47,767 73
Interest on deposits, .
.
.
.
Interest on loans....................................

256 48
1,750 57

First dividend from estate insolvent treasurer: —
Unprivileged claim, 12^ per cent.........................................
Privileged claim.......................................................................
Rebate of fire insurance p r e m i u m ,..................................

3,325 03
11 12
1 18

$560 25

$45,088 93
Less payments for —
Expenses..................................................
T axes........................................................
First dividend of 30 per cent., .
.

.

$1,303 96
22,045 15
$23,528 08

Amount of payments, .
.


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Federal Reserve Bank of St. Louis

.

.

.

.

.

•

23,528 08
$21,560 85
$28,335 85

* O f this amount, $2,450 is considered worthless and $1,500 is considered of doubtful value.

[Pub. Doc

Cash balance,

.

REPORT OF THE

Loans on personal security,
.
.
Loans on real estate, .
.
.
.
Real estate by foreclosure, .
.
Iron s a f e , ...........................................

Received in
Cash.

No. 8.]

SAYINGS BANK COMMISSIONERS.

xv

Millis Savings Bank.
This bank, incorporated March 4, 1892, was started with the
idea that it would help the growth of the town of Millis, which
locality in the opinion of this Board was not o f sufficient size
and business prosperity to warrant the establishment of such
an institution within its borders; its inhabitants were well
provided with opportunities for depositing their savings in the
surrounding towns, in nearly all of which savings banks were
already in existence.
The bank had obtained only a small amount of deposits
when the business of the town failed, and the bank having
made one or two bad loans, it became necessary to wind
up its affairs ; accordingly an injunction was applied for Jan.
6, 1896, and on January 14 Mr. George W . Wiggin was ap­
pointed as receiver; the amount due depositors was $7,614.81.
The following statement shows the assets of the bank when
it was placed in charge of the receiver; also his receipts and
disbursements and the balance of assets remaining in his
hands. No considerable delay should arise in the liquidation
of the remaining assets. When this is done, the court will
be asked to order the distribution of the assets among; the
depositors.
Statement o f Millis Savings B an k, Jan. 5 , 1 8 9 7 .
Amount of
Assets

Loans on real estate,
Loans on personal security,.
Furniture, carried on books at
Deposit in Shoe and Leather National
Bank, B o s t o n , ..................................

D i s p o s it io n o f A s s e t s .

Received in
Cash.

Interest
Collected.

$3,950 00

$3,450 00

$175 00

$500 00*

2,975 00

1,684 53

46 02

1,290 47*

270 53

165 00

620 96

620 96

$7,816 49

Interest on loans, .
Total receipts,

$221 02

221 02
$6,141 51

Less expenses paid,

35 91

Cash balance, .

$6,105 60


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Federal Reserve Bank of St. Louis

Balance of
Assets
Jan. 5,1897.

Delivered to
Receiver
Jan. 14, 1896.

6,105 60
$7,896 07

* A loss will occur on these items.

REPORT OF THE

XVI

[Pub. Doc.

Taking into consideration the history of the Millis Savings
Bank and the fact previously referred to, that several banks re­
cently organized have commenced business in close connection
with other monied institutions, it may not be out of place here
to say : —
The founders of the excellent savings bank system of this
Commonwealth intended that the banks should be the safe,
trusted depository of the poorer classes, who had no other
means of investing their savings ; it was not expected banks
would be incorporated to boom towns or villages, to furnish
a position for some one not otherwise employed, as a channel
for placing loans or securities, or to help out the business of
some other institution.
When it is proposed to start a savings bank in a place where
a sufficient number of public-spirited men of good judgment
and some financial experience cannot be found who are ready
to aid in defraying the expenses of starting a bank, and willing
thereafter to devote the required time, without compensation,
to its management, it is the opinion of this Board that a sav­
ings bank in that locality is not called for.

Miners’ Savings Bank, West Stockbridge.
At the annual meeting of this bank, held December 30 last,
at which one of the commissioners was present, the fact was
made known that depositors holding deposits to the extent of
$12,000 had notified the treasurer of their wish to withdraw
their deposits.
The bank at that time had only about $2,000 on hand in cash,
and, in order to meet these demands, would have been obliged
to sell at short notice, and possibly at a sacrifice, some of its
best securities. In view o f this fact, and the fact that the bus­
iness of West Stockbridge had for several years been dying
out, it was deemed expedient, after a full consideration of the
matter, to carry out what the commissioners had for some little
time apprehended would be necessary, namely, the liquidation
of the affairs of the bank. Accordingly, on the 31st of Decem­
ber an application was made to the supreme judicial court for
an injunction, prohibiting the bank from paying or receiving
deposits, but allowing it to realize upon its securities.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

xvii

It is hoped that the expense of a receivership may be avoided,
and that within a reasonably short time its officers may convert
its assets into cash and divide the same among the depositors;
some losses will occur on the personal loans, and possibly on
the mortgage loans, but it is believed that enough will be
realized to pay the depositors in full.

T rust

C o m p a n ie s .

At the last session of the General Court four companies were
incorporated, only one of which, the Malden Trust Company,
has commenced business.
In the case of that company the Board holds the sworn cer­
tificate of its officers that the capital stock was duly paid in in
cash, but, as stated elsewhere, no report has yet been required
o f the company.
The provisions of chapter 413 of the Acts of 1888, relating
to trust companies, are that “ no business shall be transacted
by the corporation until the whole amount of its capital is sub­
scribed for and actually paid in ; ” there is no provision, how­
ever, requiring proof of this having been done, and we would
recommend that no company hereafter be allowed to begin
business until it has lodged with this Board a certificate of its
organization and the payment of its capital, and received the
authorization of the Board.
Under the provisions of the statute regarding savings banks,
the officers of such institutions are required to be sworn ; no
such provision, however, exists in the law regulating the busi­
ness of trust companies, and it is suggested that an amendment
thereto be adopted, requiring the officers to be sworn for the
faithful discharge of their duties.
The added experience of another year serves to intensify
the Board in its belief that too many trust companies have
been incorporated within the past few years.
O f the 32 companies now doing business in this Common­
wealth, only 11 have established a trust department, most of
the others doing a business almost identical with that of national
banks.
As the law stands at present, a trust company when incorpo­
rated may organize with a capital of $100,000, an amount so


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Federal Reserve Bank of St. Louis

XV111

REPORT OF THE

[Pub. Doc.

small that it is comparatively easy to obtain ; the managers
o f one of these small companies can then secure control of, or
enter into business arrangements with, one or more equally
small national banks, at greater or less distance from the
place where the trust company is located, and thus succeed in
floating securities, in “ kiting” checks, or in other irregular
business which cannot be readily discovered, or when discovered
not readily traced, owing to the fact of the two classes of insti­
tutions being under different supervision, the national bank
examiners not being able to trace transactions through the trust
companies, nor this Board those through the national banks.
This fact opens an element of danger to both classes of institu­
tions.
The provisions of the State law regarding the business of
trust companies are more liberal than are the provisions of the
national law in relation to banks; hence, no doubt, the many
applications for the incorporation of trust companies.
The legitimate business of a trust company requires a large
capital and a broad field of operations, which can be found
only in the principal financial centres, and in such localities
the ground is already well covered.
In localities where legitimate business requires additional
banking capital, all the facilities required can be obtained by
an organization under the national banking a ct; aud this Board
becomes every day more decided in its opinion (frequently
heretofore expressed) that, if the Commonwealth is to main­
tain the stability and high standing of its monied institutions,
no more small trust companies (which are merely State banks)
should be incorporated.
The Board, therefore, again recommends that the law regard­
ing trust companies be amended, and the minimum of capital
be fixed at $500,000.

C o m p a n ie s

Chartered

but

not

vet

com m enced

B u s in e s s .

The following table gives the name and date of incorpora­
tion of the several trust companies incorporated but not yet
having commenced business : —


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Federal Reserve Bank of St. Louis

No. 8.]

xix

SAVINGS BANK COMMISSIONERS.

N am e .

Location.

Date of
Incorporation.

Dorchester Safe Deposit and Trust Company,

Boston,

June

Fidelity Trust C o m p a n y ,............................................................

Boston,

March 13, 1895.

Fitchburg Loan, Trust and Safety Deposit Company, .

Fitchburg,

March 30, 1895.

H yde Park Trust C o m p a n y , ...................................................

n y d e Park,

June

3, 1896.

People’s Trust C o m p a n y ,............................................................

Boston,

June

4, 1896.

Pynchon Safe Deposit and Trust Company...............................

Springfield,

March 27,1895.

T rust

C o m p a n ie s

in

H ands

of

3, 1896.

R e c e iv e r .

Suffolk Trust Company.
As regards this company, we have to repeat what we said
in our last report, that “ very little progress has been made in
the settlement of the affairs of this company, and a long time
must elapse before the end is reached.”
No decision has been reached in the action to enforce the
statutory liability of shareholders; the receiver states that
“ the matter will be pushed during the next two months as
vigorously as can be.”
The amount of dividends unpaid remains the same as last
year, — say $5,773.43.
The following statement shows the result of the year’s busi­
ness as it affects the assets of the company : —


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Federal Reserve Bank of St. Louis

xx

Changes in Assets of Suffolk Trust Company, Nov. 1, 1895, io Oci. 31, 1896.
D is p o s it io n o p A s s e t s a s sh o w n b y R e p o e t s
o p R e c e iv e r .

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

$44,533
30,646
3,373
24,273
4,400
532
777
4,141
446
10,939
3,347
18,357
279
8,762

35
37
75
21
00
25
85
15
88
20
52
48
52
24

Received in
Cash.

$7 92
250 00
-

Charged off.

-

$7 92
250 00
-

-

-

-

-

-

-

-

-

-

$63 00
4 00
-

116 36
44 72
-

-

$67 00

$419 00

116 36
44 72
8,762 24

178 27
27 00
67 00

Total receipts for year......................................................................
Less expenses for year.............................................................................

$9,453 51
455 73

“

Cash balance Oct. 31, 1896................................................................

$8,997 78

-

•
—m
-

Amount
Oct. 31, 1896.

$44,525 43
30,396 37
3,373 75
24,273 21
4,400 00
532 25
777 85
4,141 15
446 88
10,939 20
3,347 52
18,241 12
234 80
-

“
-

.
.

.

.

.

8,997 78
$154,627 31

[Pub. Doc.

Received from assignment of mortgages..............................................
Received from interest on loans, etc.....................................................


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Federal Reserve Bank of St. Louis

Total Credits
on
Principal.

-

$154,810 77

—

Interest
Collected.

REPORT OF THE

Tim e loans..................................................................................................
Demand l o a n s , .....................................................................................
Tax sale c e r t ific a t e s ,............................................................................
Coupon a c c o u n t ,.....................................................................................
. . .
Mortgage l o a n s , ................................................... .
Bills r e c e iv a b le ,.....................................................................................
O v e r d r a ft s ,..............................................................................................
Furniture, etc............................................................................................
T eller’ s memoranda.................................................................................
Real estate e q u i t i e s , ............................................................................
Due from a gen ts,.....................................................................................
Foreclosure a c c o u n t ,.............................................................................
Maverick National Bank, ....................................................................
C a s h , ......................................................................................................

Amount
Oct. 31, 1895.

No. 8.]

SAYINGS BANK COMMISSIONERS.

xxi

Union Loan and Trust Company.
This company was incorporated May 29, 1888, but did not
organize at that time, its charter having been for sale for sev­
eral years, and finally passing into the control of parties who
had been connected with the Suffolk Trust Company at or just
before its failure.
The company nominally commenced business on March 25,
1895, the day preceding that on which the charter would have
expired by limitation of tim e; it did little or no business for a
few weeks, pending its establishment in suitable rooms.
It at once became evident to this Board that the business of
the company was not likely to be conducted in the manner re­
quired in a well-managed institution, and as a measure of pre­
caution more frequent examinations of its affairs were made
than it is customary to make in other companies.
The examinations developed the fact that the class o f paper
being taken was very similar to, and in a few cases almost
identical with, that formerly taken by the Suffolk Trust Com­
pany, and which in part led to the embarrassment of that com­
pany. It was also ascertained that the directors took but little
part in the management of affairs, which were apparently left
almost entirely in the hands of the president.
The examination made on October 6 last tended to confirm
what had been noticed at previous examinations: the item in
the daily statements of condition of “ bills of national banks”
was never found to be correct, the bills on hand constituting
only a small portion of the amount, the balance being made
up o f memoranda, overdrafts, promissory notes, e tc .; the re­
quired reserve had been seldom, if ever, kept; and its busi­
ness was being conducted in a shiftless and irregular manner.
It was also found that several notes, of considerable amount
each, were of doubtful value; that the office o f treasurer (re­
quired by statute) had been vacant since March; that an
assistant treasurer had been chosen, but had not given bond,
although at the time of his election it was voted he should be
required so to do ; that from the records the last meeting o f
directors appeared to have been held in March; and that, con­
trary to the provisions of statute, security had been given for
numerous deposits.


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Federal Reserve Bank of St. Louis

REPORT OF THE

X X II

[Pub. Doc.

Under the circumstances, taken in connection with other
matters pertaining to the business of the company, the com­
missioners were convinced that “ its condition was such as to
render its further proceeding hazardous to the public and to
those having funds in its custody,” and consequently applied to
the supreme judicial court for an injunction and the appoint­
ment of a receiver. The injunction was granted October 9
last, and on October 13 Samuel W . McCall was appointed
temporary receiver.
The receiver has converted a part of the assets into cash,
has succeeded in considerably reducing the amount of deposits
by offsets, and it is the expectation that in the course o f a
few weeks steps will be taken to secure the declaration of a
dividend to the remaining depositors.
The following statement shows the condition of the company,
as shown by its books, at the examination of October 6.
Considerable amounts in notes and other securities were
pledged as collateral for certificates of deposit and were not de­
livered to the receiver, who has, however, been able to convert
some of them into money, and apply the proceeds towards the
payment of the respective certificates for which they were
pledged.
Statement Oct. 5, 1896.
Resources.
.
$256,088 91
Notes discounted, .
.
.
.
.
44,303 22
Call l o a n s , ...................................
Investments,...................................
40,225 00
Due from Broadway National Bank, Boston,
37 37
541 64
Due from Hancock National Bank, Boston, .
CuiTent expenses and taxes,
.
12,002 37
,
11,429 00
Cash, cash items and memoranda,
342 20
S p e c ie ,...........................................
.
434 41
Furniture and fixtures, .
$365,404 12
Liabilities.
Capital stock,
.
.
.
.
Undivided profits, .
.
.
.
D e p o s i t s , ..................................
Treasurer’s checks,
.
Certified checks, .
Certificates of deposit, .
.


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Federal Reserve Bank of St. Louis

$100,000
22,835
150,354
4,635
118
87,461

00
24
08
41
00
39

$365,404 12

No. 8.]

SAYINGS BANK COMMISSIONERS.

XXlll

C o n c l u s io n .

The Board desires to hereby express its appreciation of the
valuable services rendered by the Attorney-General and his
assistants during the year.
The succeeding pages contain statements of the several
savings banks and trust companies, as compiled from the
annual returns of the institutions.
A table showing the number, condition and progress of the
banks in each year since 1834 — when returns were first re­
quired— is given on pages 668 and 669.
The Appendix contains the statutes governing the savings
banks, also those in relation to trust companies.


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Federal Reserve Bank of St. Louis

S T A R K E S W IIIT O N ,
W IL L IA M D . T . T R E F R Y ,
W ARREN

E. LOCKE,

Board o f Commissioners o f Savings Banks.


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Federal Reserve Bank of St. Louis

ABSTRACT OF ANNUAL REPORTS
OF THK

SAYINGS BANKS AND INSTITUTIONS
FOR SAYINGS,
SHOWING TH EIR

CONDITION AT THE CLOSE OF BUSINESS


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Federal Reserve Bank of St. Louis

O ctober

31, 1896.

2

REPORT OF THE

[Pub. Doc

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, 60.

O tis W . S o u l e , President.
G e o k g e A . B e a l , Treasurer.
G eoiige 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 ic k e r m a n ,
O t is W . S o u l e ,
J o se p h L. G r e e n w o o d ,

John W . Sprou le,
G eo . L. R ic h a r d s o n ,
A d o n ir a m V a u g h a n .

Open for business every business day, 9 a

B

alance

Sh e e t O cto ber

m.

to 12

m.

; 1 to 4 p . m .

31, 1896.

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
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Real estate income,
Lawrence Duck Co. stock,*
Furniture and fixtures,
Store fixtures,
.
.
.
.
Individual insurance, .
Cash on hand,
.
.
.
.

$95,500
130,100
1,975
207,000

00
00
00
00

42,000
41,998
1,089,689
326,829

00
34
56
16

53,100
1,010
20,183
432
512
6,000
1,000
1,000
88
920

00
00
62
51
68
00
00
00
55
96

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

$2,019,340 38

,

$1,901,082 29
88,500 00
11,769 06
17,989 03

$2,019,340 38

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
Abington National Bank, A b i n g t o n ,....................................
National Bank of Redemption, Boston,
.

$15,168 50
5,015 12

Loans on Bank Stock, amount on each: —
5
10
10

shares National Granite Bank, Quincy,
shares First National Bank, Rockland,
shares First National Bank, Rockland,


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

.
.
.

$300 00
875 00
800 00

No. 8 .]

3

SAYINGS BANK COMMISSIONERS

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

Par Value.

City of Bay City, Mich., 5s, .
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 5s, .
of Malden, 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,
County of Middlesex, Mass., 4s,

Estimated
Market Value.

$10,000
5,000
3,000
18,500
10,000
5,000
5,000
19,000
10,000
10,000

$10,100
5,250
3,180
18,685
10,150
5,250
5,300
19,280
10,300
10,100

00
00
00
00
00
00
00
00
00
00

$95,500

$97,595 00

Amount Invested.

$10,000
5,000
3,000
18,500
10,000
5,000
5,000
19,000
10,000
10,000

00
00
00
00
00
00
00
00
00
00

$95,500 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

62 Abington N’l Bank, Abington,
40 First National Bank, Adams, .
50 Blackstone N’l Bank, Boston,.
74 Boston National Bank, Boston,
12 Central Nat’l Bank, Boston, .•
25 Continental N’l Bank, Boston,
59 Eliot National Bank, Boston, .
50 Globe National Bank, Boston,.
50 Hamilton Nat’l Bank, Boston,.
150 Howard Nat’l Bank, Boston, .
100 Merchants’ N’l Bank, Boston, .
100 Metropolitan N’l B’k, Boston,.
38 Mt Vernon N’l Bank, Boston,
110 N’l B’k of Redemption, Boston,
45 N’l B’k of the Republic, Boston,
19 National Eagle Bank, Boston,
68 N’l Hide & Leather B’k, Boston,
31 Nat’l Webster Bank, Boston, .
22 North National Bank, Boston,
50 Second National Bank, Boston,
10 Shoe &Lcather N’l B’k, Boston,
50 South End N’l Bank, Boston, .
32 State National Bank, Boston, .
20 Brockton Nat’l B’k, Brockton,.
32 Old Colony N’l B’k, Plymouth,
2 First Nat’l Bank, Rockland, .


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Federal Reserve Bank of St. Louis

Par Value.

$6,200
4,000
5,000
7,400
1,200
2,500
5,900
5,000
5,000
15,000
10,000
10,000
3,800
11,000
4,500
1,900
6,800
3,100
2,200
5,000
1,000
5,000
3,200
2,000
3,200
200
$130,100

Estimated
Market Value.

$7,440
5,200
4,312
6,632
1,404
2,512
7,168
4,200
5,250
13,207
14,500
9,000
3,928
12,842
6,232
1,330
7,208
3,061
2,208
8,756
860
3,000
3,392
2,300
4,000
220

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

Amount Invested.

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

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

$140,166 25 $130,100 00

4

REPORT OF THE

[Pub. Doc

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

Boston & Lowell R R. 4s,
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 44s, .
.
.
.
Maine Central R R . 4^s, .
Old Colony R.R. 4s,
. . .
Old Colony R.R. 6s,
. . .
Penobscot Shore Line R.R. 4s,
Portland & Ogdensburg R.R. 6s, .
Upper Coos R.R. 44s,
.
. •.

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

Estimated
Market Value.

$22,220
39,855
30,300
29,750
20,000
10,000
10,500
15,450
1,010
25,000
5,350
5,250

Amount Invested.

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

$207,000 $214,685 00

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

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

$207,000 00

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

Amount.

$20,183
14.000
45.000
101,000
20.000

Kate.

62
00
00
00
00

2 per cent.
4
“
4§
“
4è
“
4f
»

Amount.

$30,000
206,880
10,000
94,250
13,500

Kate.

00 ,4 f per cent.
00 5
«
00 H
“
00 54
“
00 5|
»

Amount.

$907,973
1,000
25,000
4,000

Rate.

72
00
00
00

6 per cent.
64
“
74
“
8
“

Amount invested in real estate for banking purposes,............................. $42,000
00
Estimated value of the same,.......................................................................
42,000
00
Assessed value of the same, .................................................................................
39,000 00
Net income received from same during year ending Oct. 31, 1896, .
.
1,349 70
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,.................................................................................................
41,998
34
Assessed value of the s a m e ,.......................................................................
37,350
00
Net income received from same during year ending Oct. 31,1896,
.
.
234 43
Number of loans which are of an amount not exceeding $3,000 each, . 773
Aggregate amount of the s a m e , ...................................................... .........
.
819,403 72
Total number of loans upon real e s t a t e , ............................................. 774
Amount of investments from which no income is received..............................
22,194 98
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896.....................................................................................
102,218 05
Times for the dividends fixed by the by-laws : first Tuesday in April and
October.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

5

Abington Savings Bank — Concluded.
Rate and amount of eachsemi-annualdividend! 2^ per
cent, $10,803 48 | $82,221 15
during the year ending Oct. 31, 1896,
.
. t 2| per cent, 41,417 67 >
Number of accounts opened during the year ending Oct. 31, 1896,
. 399Number of accounts closed during the year ending Oct. 31, 1896,
. 305
Total number of open accounts Oct. 31, 1896,
.
.
.
.
4,040
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
4,22530
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 6 ,..........................................................................................
224,986 79
Number of s a m e ,.................................................................................1,944
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896....................................................................................................................
253,284 74
Number of s a m e ,.................................................................................2,575
Date of examination by commissioner: April 17.


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Federal Reserve Bank of St. Louis

REPORT OF THE

6

[Pub. Doc

A M H E R S T S A V IN G S B A N K -A M H E R S T .
Incorporated April 5, 1864.
E . F. C o ok , President.
G eorge

Present number of corporators, 14.
E . D. B a n g s , Treasurer.
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 ,

W . E . B r id g m a n ,

L . D. H i l l s ,

B. F. K e n d r i c k .

Open for business every business day, 9 a .m . to 12 m . ; 1.30 to 4 p . m . ; Saturdays,

-

9 A.M. to 12 M.

»

______

B alance S heet October 31, 1896.

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,
Railroad notes, .
.
.
.
Real estate (for banking purpurposes),
.
.
.
.
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,
.
.
.
.

L ia b il it ie s .

$145,375
35.000
207,071
52,000
162,800
25,000

00
00
41
00
00
00

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

$2,139,724 80
92,373 00
54,608 41

15,000 00
1,346,459 00
127,322 05
118,750
1,100
44,875
5,000
953

00
00
48
00
27

$2,286,706 21

$2,286,706 21

Cash on Deposit in Banks, amount in each: —
First National Bank, A m h e r s t ,........................................................................$21,875 48
City National Bank, Holyoke,
.
...............................................................
7,000
Hampshire County National Bank, N o r t h a m p to n ,....................................
10,000
Agawam National Bank, Springfield,...............................................................
5,000
Pynchon National Bank, Springfield,...............................................................
6,000

00
00
00
00

Loans on Public Funds, amount on each: —
$1,000 United States 4s,
.
.
.
$25,000 City of Holyoke note,
$10,000 City of Portsmouth, N. H., 4s,


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Federal Reserve Bank of St. Louis

.

I $25,000 00
10,000 00

No. 8 .]

SAYINGS BANK COMMISSIONERS.

7

Amherst Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
5 shares Palmer National Bank, Palmer.....................................
8 shares First National Bank, Easthampton...............................
50 shares Fourth National Bank, B o s to n ,....................................
40 shares Broadway National Bank, Boston,
.
.
.
.
100 shares Broadway National Bank, Boston...................................
137 shares Hancock National Bank, Boston.....................................
180 shares Merchants National Bank, Boston..................................
100 shares Lincoln National Bank, Boston........................................

$500
700
4,800
4.000

00
00
00
00

10,000 00

9.000 00
18,000 00
5.000 00

Detailed Statement o f Public Funds.

Par Value.

City of Akron, Ohio, 5s, .
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Pawtucket, R. I., 5s,
of Rutland, Vt., 4s, .
of Saginaw, Mich., 4is,
Town of Beverly, Mass., 4s,
of Clinton, Mass., 4s,.
of Marblehead, Mass.,
of Springfield, Vt., 4s,
United States 5s,

.
.
.
.
.
4s,
.

$15,500
20,000
7,000
3,000
10,000
20,000
10,000
20,000
15,000
10,000
15,000
$145,500

Estimated
Market Value.

$15,655
20,200
7,070
3,060
10,000
20,600
10,400
20,400
15,6u0
10,000
16,650

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$15,500
19,875
7,000
3,000
10,000
20,000
10,000
20,000
15,000
10,000
15,000

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

$149,635 00 $145,375 00

* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

100
34
80
10
15
45
28
94
56
100
100

Par Value.

First National Bank, Amherst,
First National Bank, Barre,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
Suffolk National Bank, Boston,
Conway Nat’l Bank, Conway,
National Pahquioque Bank,
Danbury, Ct.,
First N’l Bank, Easthampton,
Franklin Co. N’l B’k,Greenfield,
City National Bank, Holyoke,
Holyoke Nat’l Bank, Holyoke,


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
4,500

$15,000
3,400
11,200
1,050
1,800
4,500

00
00
00
00
00
00

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

00
00
50
00
08
33

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

3,920
13,160
6,160
11,000
16,500

00
00
00
00
00

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

00
00
00
00
00

[Pub. Doc.

REPORT OF THE

8

Amherst Savings Bank — Continued.

No. of
Shares. .1

Detailed Statement o f Bank Stocks— Concluded.

30
5
78
130
133
80
125
117
38
116
100
70
56
8
25
40
10

National Bank of Commerce,
New London, Ct.,
Berkshire N’l B’k, No. Adams,
First Nat’l B’k, Northampton,
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,
First N ’l Bank, Norwich, Ct.,
Second N’l B’k, 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 Nat’l Bank, Springfield,
Crocker N’l B’k, Turner’s Falls,
Ware National Bank, Ware, .
Citizens’ N’l Bank, Worcester,
City Nat’l Bank, Worcester, .
Mechanics’ N’l B’k, Worcester,

Par Value.

Estimated
Market Value.

$3,000
500
7,800

$3,900 00
500 00
10,140 00

$3,000 00
500 00
9,380 00

13,000

14,560 00

13,000 00

13,300
8,000
12,500
11,700
3,800
11,600
10,000
7,000
5,600
800
2,500
4,000
1,000

19,285
10,000
14,375
18,135
5,700
11,600
14,500
8,400
6,720
920
3,250
5,800
1,000

13,504
8,000
14,825
16,101
5,306
11,600
11,703
8,730
5,600
800
2,500
4,000
1,000

Amount Invested.

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

$182,300 $236,475 00 $207,071 41

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s,.
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R. 6s,
Fitchburg R.R. 4is, .
.
.
.
Fitchburg R.R. 5s, .

$43,000
35.000
10.000
25.000
10.000
40,000

Estimated
Market Value.

$43,852
36,750
11,550
25,250
10,000
42,150

Amount Invested.

50
00
00
00
00
00

$163,000 $169,552 50

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

00
00
00
00
00
00

$162,800 00

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

Amount.

3 per cent.
4
«

$38,000 00
38,700 00
1,402,341 05

Amount.
$16,875 48
77,450 00
25,000 00


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

4\

“

Kate.

4|
5

per cent.
“
“

Amount.
$50,468 00
101,672 00

Rate.
5J per cent.
6
“

No. 8.]

SAVINGS BANK COMMISSIONERS.

9

Amherst Savings Bank— Concluded.
Amount invested in real estate for banking purposes,.................................... $15,000 00
Estimated value of the s a m e , ........................................................................
15,000
Assessed value of the s a m e ,.................................................................................
9,500
Net income received from same during year ending Oct. 31, 1896,
.
.
830
Number of loans which are of an amount not exceeding $3,000 each, 686
Aggregate amount of the s a m e , ........................................................................
680,919
Total number of loans upon real e s t a t e , ............................................. 746
Amount of investments from which no income is received, .
.
.
.
11,600
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
108,022
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., $39,514 35 )
gg ^
during the year ending Oct. 31, 1896,
.
. ( 2| per cent., 45,855 83 >
’
Number of accounts opened during the year ending Oct. 31, 1896,
. 633
Number of accounts closed during the year ending Oct. 31, 1896,
. 401
Total number of open accounts Oct. 31, 1896,
.
.
.
.
4,927
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes), ..................................................................................................
5,180
Amount of deposits, not ipcluding dividends, received during the year end­
290,118
ing Oct. 31, 1896, .
.........................................................................................
Number of s a m e , ..........................................................................................3,428
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896....................................................................................................................
264,128
Number of s a m e , ..........................................................................................3,363
Date of examination by commissioner: May 22.


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

00
00
40
53
00
63
^g

21
82

30

10

REPORT OF THE

[Pub. Doc,

A N D O V E R S A V IN G S B A N K — A N D O V E R .
Date of incorporation, April 2, 1834.

Present number of corporators, 39.

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:
J a m e s P. B u t t e r f ie l d ,
J. T y l e r K i m b a l l ,
L e w is T . H a r d y ,
M oses T . S t e v e n s ,
W i l l i a m S. J e n k in s .

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

B

alance

Sheet O ctober

A sse ts.

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,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

m

.

; 2 to 4

p .m

.

31, 1896.

L ia b il it ie s .

$382,500
80
302,083
1,962
761,987
33,900
1,301,059
29,252
9,477
4,118
2,121
17,107

00
00
50
50
50
00
10
00
08
28
57
95

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

$2,845,649 48

$2,595,158 37
123,000 00
52,902 26
74,588 85

$2,845,649 48

Cash on Deposit in Banks, amount in each : —
Andover National Bank, A n d o v e r , ............................................................... $7,118 28
Blackstone National Bank, B o s t o n , ...............................................................
6,477 08
Loan on Public Funds : —
$100 City of Boston 4 s , .............................................

$80 00

Loans on Bank Stock, amount on each : —
32 shares Andover National Bank, Andover,
6 shares National Bank of the Republic, Boston,
4 shares National Bank of the Republic, Boston,


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

$1,150 00
512 50
300 00

No. 8.]

11

SAYINGS BANK COMMISSIONERS.

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

City of Belfast, Me., 6s, .
of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall Biver, Mass., 6s, .
of Gloucester, Mass., 4s, .
of Lewiston, Me., 6s,
of Lynn, Mass , 4 s , .
of Norwich, Ct., 6s, .
of Portland, Me., 6s,
of Salem, Mass., 6s,
of Sioux City, Iowa, 4às,.
Town of Andover, Mass., 4s, .
of Arlington, Mass., 4s.,
of Marblehead, Mass., 4s,
of Melrose, Mass., 4s, .
of Peabody, Mass., 4s , .
County of Aroostook. Me., 4is,
of Rockingham, N. EL, 4s, .

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

Estimated
Market Value.

$17,000
53,000
23,900
80,000
11,700
9,350
4,200
26,200
30,000
24,000
3,000
15,300
8,500
10,600
26,000
27,500
10,600
10,600
10,400

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

Amount Invested,

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

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

$382,500 $401,850 00 $382,500 00
*

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

141
40
149
27
100
84
112
100
100
50
120
300
225
100
100
100
263

Tar Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
National Bank of the Commonwealth, Boston, .
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k,Boston,
National Revere Bank, Boston,


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

Estimated
Market Value.

Amount Invested.

$14,100
4,000
14,900
2,700
10,000
8,400
11,200
10,000
10,000
5,000
12,000

$14,100
4,400
12,850
3,300
10,000
6,700
9,700
7,600
8,200
7,200
10,800

00
00
00
00
00
00
00
00
00
00
00

$14,100
4,000
14,890
2,700
10,000
8,400
11,200
10,000
10,000
5,000
12,000

00
00
50
00
00
00
00
00
00
00
00

30,000
22,500
10,000
10,000
10,000
26,300

41,000
31,000
7,800
7,000
10,600
21,000

00
00
00
00
P0
00

30,000
22,500
10,000
10,000
10,000
26,300

00
00
00
00
00
00

12

KEPORT OF THE

[Pub. Doc

Andover Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

Par Value.

6 National Security B’k, Boston,
60 National Union Bank, Boston,
192 Nat’l Webster Bank, Boston, .
58 New England N’l B’k, Boston,
41 North National Bank, Boston,.
129 Old Boston Nat’l Bank, Boston,
110 Second National Bank, Boston,
85 Shawmut Nat’l Bank, Boston,.
50 South End N’l Bank, Boston, .
52 State National Bank, Boston, .
25 Tremont Nat’l Bank, Boston, .
3 First National Bank, Danvers,
50 Wachusett N’l B’k, Fitchburg,
100 Bay State Natl B’k, Lawrence,
25 Union Nat’l Bank, Weymouth,

$600
6,000
19,200
5,800
4,100
12,900
11,000
3,500
5,000
5,200
2,500
225
5,000
7,500
2,500
$302,125

Estimated
Market Value.

$1,050
7,800
18,800
8,600
4,100
13,600
19,200
3,700
3,000
5,500
2,100
225
9,000
9,000
2,500

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

Amount Invested.

$600
6,000
19,200
5,800
4,100
12,900
11,000
3,500
5,000
5,200
2,468
225
5,000
7,500
2,500

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

$321,425 00 $302,083 50

Detailed Statement o f Railroad Bonds.
Par Value.

Estimated
Market Value.

Amount Invested.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Maine R.R. 4 s ,.
Boston & Maine R.R. 4^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, .
Maine Central R.R. 4s, .
Maine Central R.R. 4^s, .
Manchester & Lawrence R R. 4s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s,
. . .
Old Colony R.R. 6s,
. . .
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................
Worcester, Nashua & Roch. R.R. 4s,

$50,000
2,000
110,000
30,000
100,000
20,000
25,000
75,000
50,000
15,000
25,000
25,000
13,000
142,000
5,000
25,000
50,000

27,000 00
51,500 00

25,000 00
50,000 00

s

$762,000

$800,200 00

$761,987 50


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

*

$51,500
2,000
116,500
34,000
103,000
20,800
27,500
76,900
54,000
15,600
27,000
26,400
13,500
148,000
5,000

A legal investment when made.

$50,000 00
00
00
2,000 00
110,000 00
00
00
30,000 00
00
99,987 50
00
20,000 00
25,000 00
00
75,000 00
00
50,000 00
00
00
15,000 00
00
25,000 00
00 • 25,000 00
00
13,000 00*
00
142,000 00
00
5,000 00

No. 8.]

13

SAVINGS BANK COMMISSIONERS

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

2 per cent.
4
“

Amount.

Kate.

$362,587 00
149,363 50

5 per cent.

Amount.

Oi
üt ^
-<1
05 Of
o o

$6,477 08
6,001 00

Kate.

=۩
00

Amount.

Rate.

6 per cent.
7

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 543
Aggregate amount of the same,
.
.
.
»
.............................................
Total number of loans upon real e s t a t e , .............................................622
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: third Wednesday in June
and December.
Rate and amount of each semi-annual dividend f 2£ per cent., $61,439 77 1
during the year ending Oct. 31, 1896,
.
. 1 2 per cent., 50,488 03 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 536
Number of accounts closed during the year ending Oct. 31, 1896,
. 520
Total number of open accounts Oct. 31, 1896,
.
.
.
.
5,914
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
........................................................................
clusive of taxes), .
.
.
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ................................................................................. 3,714
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
Number of s a m e ,................................................................................. 3,304
Date of examination by commissioner: December 1.


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

$33,900 00
35,275 00
327 00
877,074 60
5,000 00
139,955 73

111,927 80

5,294 70
298,089 12

361,663 42

REPORT OF THE

U

[Pub. Doc,

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

Incorporated April 2, 1860.

Present number of corporators, 40.

W il l ia m G. P eck , President.
Joseph W . W h it a k e b , Treasurer.
J oseph W . W h it a k e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W il l ia m G. P eck ,
D. B elmont L ocke ,
E d w a r d S. F essenden .

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

p .m

. ; Wednesdays and Saturdays,

B alance Sheet October 31, 1896.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
.
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Tax account,
.
.
.
.
Insurance account,
.
Cash on hand,
.
.
.
.

Liabilities.

$311,800
27,400
5,000
179,000

00
00
00
00

100 00
911,475 36
1,000 00
36,800
500
42,477
1,438
410
572
2,755

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

$1,420,774 06
54,763 53
11,343 79
10,160 36
9,594 60
533 36
13,560 00

00
00
54
23
75
19
63

$1,520,729 70

$1,520,729 70

Cash on Deposit in Banks, amount in each : —
Atlantic National Bank, B o s t o n ,........................................................................ $29,707 84
Faneuil Hall National Bank, B o s t o n ,...............................................................
12,769 70
Loan on Bank Stock : —
50 shares First Ward National Bank, B o s t o n , ............................................. $5,000 00


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

No. 8.]

15

SAYINGS BANK COMMISSIONERS

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

Par Value.

City of Bangor, Me., 6s, .
of Brockton, Mass., 4s, .
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Dayton, Ohio, 5s,
of Dayton, Ohio, 6s,
of Fail River, Mass., 6s, .
of Grand Rapids, Mich., 5s,
of Holyoke, Mass., 6s,
of Lewiston, Me , 5s,
of Middletown, Conn , 4s,
of New London, Conn., 4s,
of Peoria, 111., 7s,
of Portland, Me., 6s,
of Rochester, N. H., 4s, .
of Springfield, Ohio, 4is,
of Springfield, Ohio, 5s, .
of Waterbary, Conn., 4 s,.
of Woonsocket, R. L, 4 s,.
Town of Arlington, Mass ,4 s ,.
of Arlington, Mass., 5 s,.
of Attleborough, Mass., 4s, .
of Chatham, Mass., 4Js,
of Cranston, R. L, 4s, .
of Hull, Mass., 5 s,.
of Medford, Mass., 4s, .
of Methuen, Mass., 4s, .
of Rockport, Mass., 4s, .
of Wayland, Mass., 5s, .
of Welleslej7, Mass., 4s, ■
of Winchester, Mass., 4s,
District of Columbia 6s, .

Estimated
Market Value.

$2,000
2,000
1,000
9,000
6,000
18,000
5,000
2,000
20,000
5,000
1,000
10,000
16,000
13,000
20,000
6,000
12,000
5,000
5,000
25,000
25,800
13,000
5,000
8,000
2,000
18,000
10,000
15,000
13,000
2,000
10,000
4,000
3,000

$2,100
2,070
1,035
9,555
6,155
18,360
5,350
2,120
21,370
5,300
1,170
10,250
16,560
13,910
24,000
6,120
12,495
5,000
5,150
25,750
26,390
13,195
5,150
8,280
2,040
25,820
10,250
15,415
13,337
2,020
10,110
4,100
3,360

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

Amount Invested.

$2,000
2,000
1,000
9,000
6,000
18,000
5,000
2,000
20,000
5,000
1,000
10,000
16,000
13,000
20,000
6,000
12,000
5,000
5,000
25,000
25,800
13,000
5,000
8,000
2,000
18,000
10,000
15,000
13,000
2,000
10,000
4,000
3,000

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

$311,800 $327,987 50 $311,800 00
*

Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
50
50

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


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

Par Value.

Estimated
Market Value.

$1,000
5,000
5,000

$1,200 00
5,450 00
5,000 00

Amount Invested.

$1,000 00
5,000 00
5,000 00

16

REPORT OF THE

[Pub. Doc.

Arlington Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Baiik Stocks — Concluded.

50
22
25
10
33
12
12

Tar Value.

Faneuil Hall N’l Bank, Boston,
First Ward N’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Union Bank, Boston,
Dedham Nat’l Bank, Dedham,

Estimated
Market Value.

$5,000
2,200
2,500
1,000
3,300
1,200
1,200
$27,400

$6,350
2,794
2,425
1,150
4,554
1,560
1,260

00
00
00
00
00
00
00

$31,743 00

Amount Invested.

$5,000
2,200
2,500
1,000
3,300
1,200
1,200

00
00
00
00
00
00
00

$27,400 00

Detailed Statement o f Railroad Bonds.
Par Value.

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


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

Amount Invested.

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

$2,240
10,000
28,325
20,200
6,600
8,080
1,010
14,700
21,000
30,900
1,010
4,280

15,000
1,000

16,500 00
1,030 00

15,000 00
1,000 00

10,000
10,000

11,800 00
10,600 00

10,000 00
10,000 00

$179,000
*

Estimated
Market Value.

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

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

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

$188,275 00 $179,000 00

A legal investment when made.

No. 8.]

17

SAYINGS BANK COMMISSIONERS.

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

Eate.

Amount.

$ 4 2 ,4 7 7
6,000
15,800
255,610

54
00
00
36

2 per cen t.
4
“
4h
5
“

Amount.

$ 9 0 ,1 5 0 00
292,750 00
258,015 00

Eate.

5| per cen t.
5£
“
6
“

Bate.

Amount.

$ 1 ,4 0 0 00
14,050 00
21,000 00

6 J per cent.
7
8
“

A m o u n t invested in real estate for banking pu rp oses................................................

$100 00

Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each,
316

25,000 00
23,380 00
748 02

A g g reg ate am ou n t of the s a m e , ......................................................................................

348,074 34

Total number of loans upon real e s t a t e , .............................................397
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, 1896......................................................................................
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., $26,256 81 j
during the year ending Oct. 31, 1896,
.
. 1 2 per cent.,
26,822 08 )
Number of accounts opened during the year ending Oct. 31, 1896,
. 437
Number of accounts closed during the year ending Oct. 31, 1896,
. 283
Total number of open accounts Oct. 31, 1896....................................
4,275
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ................................................................................. 3,729
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ...........................................................................................................
Number of s a m e , ................................................................................. 2,553
Date of examination by commissioner: April 23.


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Federal Reserve Bank of St. Louis

1,000 00
76,290 45

53,078 89

5,340 36
213,984 65

208,758 55

18

[Pub. Doc.

REPORT OF THE

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

Present number of corporators, 34.

A lpheus H a r d in g , President.
W il l ia m D. L u e y , Treasurer.
W il l ia m D. L uey , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A lpheus H a r d in g ,
H e n r y E-. S to w e l l ,
S olon W . L e e ,
L ucien L ord ,
L evi B. F a y .

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

B alance Sheet October 31, 1896.

L ia b il it ie s .

A ssets.

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

$247,000
9,400
28,075
90,000
936,118
601,685

00
00
00
00
04
50

82,100
44,243
1,945
600

00
34
40
42

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

$1,871,117 90
86,000 00
31,271 98
52,777 82

$2,041,167 70

$2,041,167 70

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

.

$5,000 00
34,835 15
4,408 19

.

Loans on Bank Stock, amount on each: —
10
20
20
100
150
8
7

shares Home National Bank, Holyoke,.............................................
shares National Bank of the Commonwealth, Boston, .
shares Springfield Safe Deposit and Trust Company,Springfield,
shares Manufacturers’ Trust Company, Holyoke,
shares Springfield Safe Deposit and Trust Company, Springfield,
shares Athol National Bank, Athol,
.
.
.
.
.
.
shares Miller’s River National Bank, Athol,
.
.
.
.


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

.1
.I
•I

$

12,200 00

•J
.
.

15,000 00
375 00
500 00

No. 8.J

SAYINGS BANK COMMISSIONERS

19

A th o l Savings B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

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

.

$30,000
8,000
20,000
25,000
20,000
10,000
10,000
2,000
20,000
50,000
50,000
2,000
$247,000

Estimated
Market Value.

$31,700
8,000
21,010
25,375
20,500
10,500
11,000
2,070
20,800
58,500
55,000
2,010

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

$266,465 00

Amount Invested,

$30,000
8,000
20,000
25,000
20,000
10,000
10,000
2,000
20,000
50,000
50,000
2,000

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

247,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

27
7
10
50

Par Value.

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

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

Estimated
Market Value.

$4,725
602
1,200
3,500

00
00
00
00

$10,027 00

Amount Invested.

$2,700
700
1,000
5,000

00
00
00
00

$9,400 00

Detailed Statement o f Bailroad Bonds.
Par Value.

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


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

Estimated
Market Value.

$25,000
25.000
20.000
20,000

$25,625
25,875
21,100
21,200

$90,000

$93,800 00

00
00
00
00

Amount Invested.

$25,000
25.000
20.000
20,000

00
00
00
00

$90,000 00

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

No. 8.]

SAYINGS BANK COMMISSIONERS.

21

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

Present number of corporators, 59.

A b ie l C odding , President.
E dw ard R . P r ic e , Treasurer.
E dw ard R . P ric e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds
Joseph G. B ar d e n ,
G eorge A. D ean ,
B. S. F reem a n ,
A bie l Coddin g ,
J a s . H. S tu rdy ,
R andolph K napp ,
E verett S Capron .

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

B

a la n ce

Sh

eet

Octo ber

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on railroad stock,
Real estate by foreclosure, .
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,

31, 1896.

$49,500
11,100
100,500
40,000
42,592
611,177
496,920
12,873
319
254

00
00
00
00
50
73
06*
48
34
55

$1,263,961 67
Deposits, .
63,000 00
Guaranty fund,
4,535 00
Interest account,
Profit and loss ac­
33,740
99
count, .

$1,365,237 66

$1,365,237 66

Cash on Deposit in Banks, amount in each: —
Boston National Bank, B o s t o n , ........................................................................ $2,873 48
North Attleborough National Bank, North Attleborough, .
.
.
.
319 34
First National Bank, Pawtucket, R . I ................................................................
10,000 00
Loans on Railroad Stock, amount on each: —
150 shares Boston & Maine R .R ........................................
200 shares Boston & Maine R R . , ............................................. .........

•

•

$15,000 00
25,000 00

* This hank has been notified that this amount must be reduced within the legal limit.


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Federal Reserve Bank of St. Louis

V

22

REPOET OF THE

[Pub. Doc.

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

Par Value.

City of Brockton, Mass., 4s,
of Cleveland, Ohio, 6s,
of Sioux City, Iowa, 4 i s ,.

Estimated
Market Value.

Amount Invested.

$4,500
20,000
25,000

$4,540 00
20,200 00
25,750 00

$4,500 00
20,000 00
25,000 00

$49,500

$50,490 00

$49,500 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

61
50

Par Value.

First N’l B’k, Attleborough,
Boston Nat’l Bank, Boston,

.

Estimated
Market Value.

Amount Invested.

$6,100
5,000

$8,845 00
4,400 00

$6,100 00
5,000 00

$11,100

$13,245 00

$11,100 00

Detailed Statement o f Railroad Bonds.
Par Value.

$25,000
75,000

Fitchburg R R. 4s, .
Fitchburg R R. 5s, .

$100,000

Estimated
Market Value.

Amount Invested.

$24,750 00
77,750 00

$23,750 00
76,750 00

$102,500 00 $100,500 00

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

Rate.

Amount.

$2,873
10.000
15.000
50.000

48
00
00
00


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

2 per cent.
3
“
4
“
4i
“

Amount.

$25,000
201,600
97,810
7,000

00
00
45
00

Rate.

Amount.

4| per cent.
5
ôé
“
5|
“

$649,205 54
32,481 80
70,000 00

Rate.

6 per cent.
7
8

No. 8.]

SAYINGS BANK COMMISSIONERS.

23

Attleborough Savings Bank — Concluded.
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, 1896,
Number of loans which are of an amount not exceeding $3,000 each, . 340
Aggregate amount of the same,
.
.
•
.............................................
Total number of loans upon real e s t a t e , ............................................. 352
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws : Tuesday after second Monday in April and October.
Rate and amount of each semi-annual dividend j 2 per cent, $23,963 06 1
during the year ending Oct. 31, 1896, .
.
1 2 per cent., 24,534 65 >
Number of accounts opened during the year ending Oct. 31, 1896,
. 569
Number of accounts closed during the year ending Oct. 31, 1896,
. 476
Total number of open accounts Oct. 31, 1896.....................................
3,866
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex-

$42,592 50
35,000 00
2,215 62
315,219 12

67,001 65

48,497 71

clusive of taxes),
.
.
.
...............................................................
Amount of deposits, not including dividends, received during the year end­

3,798 91

ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ................................................................................. 3,056
Amount of withdrawals, including dividends, during the year ending Oct.

229,826 32

31, 1896.....................................................................................................................
Number of same.......................................................................................3,180
Date of examination by commissioner: February 14.

253,792 58


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Federal Reserve Bank of St. Louis

24

EEPOET OF THE

[Pub. Doc.

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, 40.

C harles H . F o llansby , President.
F rank A . R ic h , Treasurer.
F r a n k A . R ic h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E stes H a w e s ,
O ram el Cl a r k ,
C h arles H . F ollansby ,
G eorge R. S imonds ,
J ohn C. B arth olom ew .

Open for business every business day except Saturdays, 9 a m . to 12 m . ; 1 to 4 p .m .;
Saturdays, 9 a .m . to 12 m .

B

A

a la n ce

Sh

eet

Octo ber

sse ts.

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
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Suspense account,
Safe and furniture,

31, 1896.

L ia b il it ie s .

$10,000 00
80,958 00
25,860 00
10,477
12,606
465,638
79,400

41
38
52
00

1,000
16,000
3,346
777
14
2,338

00
00
77
59
82
95

$708,418 44

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

$674,884 76
18,500 00
4,180 95
10,852 73

$708,418 44

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


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

$19,346 77

No. 8.]

SAYINGS BANK COMMISSIONERS.

25

B arre Savings B ank — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

City of Springfield, Ohio, 5s, .

$10,000

$11,350 00

$10,000 00

Detailed Statement o f Bank Stocks.
«Hi 09
O <y

Estimated
Market Value.

'A

36
28
62
20
17
25
41
32
46
25
9
34
20
20
30
50
7
52
21
50
20

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

$3,780
2,408
5,456
2,480
1,700
3,000
9,430
3,552
5,290
2,625
720
5,950
1,720
2,140
2,520
4,700
742
7,020
2,730
7,250
3,400

$3,600
2,800
6,200
2,000
1,700
2,500
4,100
3,200
4,600
2,500
900
3,400
2,000
2,000
3,000
5,000
700
5,200
2,100
5,000
2,000
$64,500

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

$78,613 00

$4,260
2,845
6,830
2,260
1,777
2,950
8,118
3,616
5,495
2,825
960
5,100
1,870
2,285
3,070
6,377
815
7,280
2,625
6,300
3,300

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

$80,958- 00

Detailed Statement o f Railroad Bonds.

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


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

Estimated
Market Value.

Amount Invested*

$5,000
5,000
1,000

$5,250 00
6,000 00
900 00

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

15,000

17,700 00

15,000 00

$26,000

29,850 00

$25,860 00

* A legal investment when made.

26

EE PORT OF THE

[Pub. Doc.

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

$ 1 6 ,0 0 0 00
1,000 00
21,500 00

Eate.

2 per cent.
“

4h
5

“

Amount.

$78 ,7 2 7 52
273,950 00
144,261 00

Kate.

5J per cent.
?

Amount.

$ 5 ,0 0 0 00
2 1 ,600 00

::

Eate.

6£ per cent.
7

Amount invested in real estate for banking purposes,....................................
Estimated value of the same,........................................................................
Assessed value of the s a m e ,...............................................................
Net income received from same during the year ending Oct. 31, 1896,
Value, by books, of other real estate held or owned by foreclosure or other­
wise..............................................................................
Assessed value of the same............................................................................
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each,
167
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 193
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: January 15 and July 15.
Rate and amount of each semi-annual dividend ( 2| per cent., $13,957 79 1
during the year ending Oct. 31, 1896,
.
. 1 2 per cent., 12,894 92 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 221
Number of accounts closed during the year ending Oct. 31, 1896,
. 120
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,703
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
......................................................

$10,477
10,477
7,000
407

41
41
00
73

12,606 38
10,140 00
129 28
191,511 00

34,669 32
26,852 71

2,231 57

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,........................................................................ #
Number of s a m e , ...............................................................................................

89,352 56

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896................................................................................................... ®
Number of s a m e , ...............................................................................................

80,189 79

Date of examination by commissioner: June 30.


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

No. 8.]

SAVINGS BANK COMMISSIONERS

27

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 ira m L oring , President.
S tephen W in g , Treasurer.
W il l ia m R. F a r r is , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
P eleg P . A k in ,
E lkanah C r o w e l l ,
C h arles F. P urrington ,

H ikam L oring ,
H ira m D. L o rin g ,
E d w in B a x t e r .

Open for business every business day, 2 to 4 p .m .

B

alan ce

Sh

eet

Octo ber

A ss e t s .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand,
.
.
.
.

31, 1896.

L ia b il it ie s .

$44,792
75,108
475
54,030
37,580
236,553
61,544
30,650
80
1,773
888
2,180

85
69
00
00
78*
09
60

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

3,414 48

00
00
78
90
43

$545,658 12

*

$521,532 77
20,710 87

$545,658 12

Of this item, $20,000 has since been sold for cash without loss.

Cash on Deposit in Banks, amount in each:
Lincoln National Bank, B o s t o n ,............................................. .........
Manufacturers’ National Bank, B o s t o n , ......................................................
Maverick National Bank, B o s t o n , ...............................................................
First National Bank, Hyannis...............................................................................
First National Bank, Y arm ou th p ort,.................................... .........


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

$681
139
294
952
594

36
60
63
82
27

[Pub. Doc

REPORT OF THE

28

Bass River Savings Bank — Continued.
Loans on Bank Stock, amount on each :
8 shares First National Bank, Y a r m o u t h ,.................................................. $375 00
100 00
2 shares Cape Cod National Bank, H a r w i c h , .............................................

Detailed Statement o f Public Funds.
Par Value.

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

.
.
.
.

$9,900
3,030
11,100
5,100
5,000
10,250

$10,000
3.000
10,000
5.000
5.000
10,000
$43,000

*

Estimated
Market Value.

00
00
00
00
00
00

$44,380 00

Amount Invested.

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

00*
00
85
00
00
00

$44,792 85

A legal investment when made.

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

30
5
30
63
55
13
50
56
50
50
21
50
7
25
25
15
6
37
20
24
19

Par Value.

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


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

Estimated
Market Value.

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

$3,420
430
2,640
4,977
6,985
975
5,000
8,120
5,750
6,900
1,470
6,100
735
4,375
2,700
1,590
642
3,108
2,300
3,672
2,280

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

$65,100

$74,169 00

Amount Invested.

$3,660
500
3,270
6,615
6,765
1,300
5,241
7,280
6,500
5,749
2,205
5,927
756
3,258
2,750
1,770
597
4,180
2,000
. 2,400
2,383

00
00
00
00
00
00
80
00
00
88
00
00
00
00
00
00
34
00
00
00
67

$75,108 69

No. 8.]

SAYINGS BANK COMMISSIONERS.

29

Bass River Savings Bank— Concluded.
Detailed Statement o f Bailroad Bonds.
Par Value.

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

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

Estimated
Market Value.

$5,700
19,800
4,975
5,000
6,180
5,250
5,300

Amount Invested.

00
00
00
00
00
00
00

$52,205 00

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

50
00
00
00
00
50
00

$54,030 00

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

Amount.

$1,773 78
2,500 00
13,100 00

Rate.

Amount.

Rate.

Amount.

2 per cent.
4
“
4h
“

$103,909 00
1,200 00
21,837 04

5 per cent.
5|
“
5è

$183,401-65
3,355 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, 1896,
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 , .............................................261
Amount of investments from which no income is received, . s .
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896.....................................................................................
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of each semi-annual dividends 2 per cent., $10,215 79
during the year ending Oct. 31, 1896, .
.
( 1£ per cent-., 7,594 06
Number of accounts opened during the year ending Oct. 31, 1896,
. 152
Number of accounts closed during the year ending Oct. 31, 1896,
. 186
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,875
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................

Rate.

6 per cent.
7

$37,580 78
43,850 00
245 91
196,161 65
28,000 00
26,859 73

17,809 85

3,308 06
68,005 84

N u m b er of s a m e , ........................................................................................................... 758

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , .................................................................................1,137
Date of examination by commissioner: May 28.


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

105,746 49

[Pub. Doc

REPORT OF THE

30

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

ic h a r d

Present number of corporators, 106.

H e a l y , President.
G e o r g e M cA l e e r , Treasurer.
J o h n B . R a t i g a n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W il l i a m H a r t ,
T homas Ba r r e t t ,
J o h n O ’M e a r a ,
R ic h a r d H e a l y ,
T homas K en n e y .

Open for business every business day, except Saturdays, 9 a .m . to 4
9 a . m . to 1 p . m . and 6 to 8 p . m .

B

A

a la n ce

Sh

eet

Octo ber

; Saturdays,

31, 1896.

L ia b il it ie s .

ss e ts .

Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest,
Cash on hand,

p .m .

$17,619
58,664
1,700
4,485
737

13
60
00
46
71

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

$81,690 14
101 65
875 84
539 27
$83,206 90

$83,206 90

Cash on Deposit in Bank : —
First National Bank, W orcester,........................................................................ $4,485 46

Detailed Statement o f Bank Stocks.
Oo
O£
15
5
10
5
9
7

Tar Value.

Atlas National Bank, Boston,
Boylston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,


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

$1,500
500
1,000
500
900
700

Estimated
Market Value.

$1,725
640
1,170
500
1,125
910

00
00
00
00
00
00

Amount Invested.

$1,773
652
1,250
516
1,172
935

75
50
00
25
25
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

31

Bay State Savings Bank — Concluded.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.
Estimated
Market Value.

Amount Invested.

$200
500
1,000
1,000

$208
442
1,400
1,097

00
50
00
50

$214
461
1,538
1,112

50
25
75
50

1,000
800
1,000
800
500
1,100
1,000
100
300

1,375
832
1,167
1,120
750
1,135
1,100
107
261

00
00
50
00
00
75
00
00
75

1,405
838
1,180
1,176
752
1,180
1,115
115
230

00
00
00
00
50
63
00
25
00

Par Value.

2
5
10
10
10

Hamilton Nat’l Bank, Boston,
Howard Nat'l Bank, Boston, .
Merchants1 N’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
8 N’l Hide & Leather B’k, Boston,
10 N’l B’k of Redemption, Boston,
8 N’l B’k of the Republic, Boston,
5 New England N’l B'k, Boston,
11 North National Bank, Boston,
10 Old Boston N’l Bank, Boston,
1 Suffolk Nat’l Bank, Boston,
3 Tremont Nat’l Bank, Boston, .

$14,400

$17,067 00

$17,619 13

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

$4,485 46
50,714 60

Kate.

3 per cent.
5

Amount.

$4,950 00

Kate.

54 per cent.

Amount.

$4,700 00

Number of loans which are of an amount not exceeding $3,000 each,
30
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................28
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: March 1 and September 1
Rate and amount of each semi-annual dividend during the year ending
Oct. 31, 1896, 1£ per c e n t .,.................................................................................
Number of accounts opened during the year ending Oct. 31, 1896,
. 258
Number of accounts closed during the year ending Oct. 31, 1896,
. 67
Total number of open accounts Oct. 31, 1 8 9 6 , .................................... 349
Amount of deposits, not including dividends, received during the year end­
ing Oct, 31, 1 8 9 6 , ..........................................................................................
Number of s a m e , ..........................................................................................682
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of same................................................................................................232
Date of examination by commissioner: September 30.


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

Rate.

6 per cent.

$47,264 60

2,358 66

880 10

68,289 24

16,352 37

[Pub. Doc.

REPORT OF THE

32

B E LM O N T S A V IN G ’S B A N K — B E LM O N T.
Incorporated March 5, 1885.
J. V

arnum

Present number of corporators, 46.

F l e t c h e r , President.
"VVin t h o p L . C h e n e r y , Treasurer
T h o m a s W . D a v is , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J. Y a r n u m F l e t c h e r ,
G u stavu s C. H o l t ,
J o se p h 0 . W

F r e d e r ic D o d g e ,

J. Lucius E l l i s ,
e l l in g t o n .

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

p .m .

B alance Sheet O ctober 31, 1896.

L ia b il it ie s .

A ssets.

$8,000
8,500
3,000
28,000
98,071
7,150
7,265
3
266

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand..................................

00
00
00
00
60
00
37
00
55

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

$155,731 96
2,050 00
1,970 83
503 73

$160,256 52

$160,256 52

Cash on Deposit in Bank: —
Faneuil Hall National Bank, B o s to n ,............................................................... $7,265 37
Loan on Bank Stock : —
40 shares Hancock National Bank, Boston,...................................................... $3,000 00

Detailed ¡Statement o f Public Funds.

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


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

Par Value.

Estimated
Market Value.

$5,000
2,000
1,000

$5,000 00
2,080 00
1,020 00

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

$8,000

$8,100 00

$8,000 00

Amount Invested.

No. 8.]

33

SAYINGS BANK COMMISSIONERS.

Belmont Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

14
24
3
10
7
3
2
5
10

Par Value.

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

Estimated
Market Value.

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

$1,239
3,108
261
876
868
318
197
300
883

$7,800

#8,051 50

00
00
00
25
00
00
50
00
75

Amount Invested.

$1,400
3,000
300
1,000
800
300
200
500
1,000

00
00
00
00
00
00
00
00
00

$8,500 00

Detailed Statement o f Bailroad Bonds.
Par Value.

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

$4,000
3,000
9,000
5,000
5,000
2,000
$28,000

Estimated
Market Value.

$4,105
3,450
9,090
5,380
5,250
2,020

00
00
00
00
00
00

$29,295 00

Amount Invested.

$4,000
3,000
9,000
5,000
5,000
2,000

00
00
00
00
00
00

$28,000 00

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

$ 7 ,2 6 5 37
38,450 00

Rate.

2 per cent.
5
“

Amount.

$23 ,4 0 0 00

Rate.

5£ per cent.

Amount.

$46 ,3 7 1 60

Rate.

6 per cen t.

Number of loans which are of an amount not exceeding $3,000 each,. 66
Aggregate amount of the s a m e , ........................................................................ $73,171 60
Total number of loans upon real e s t a t e , ............................................. 64
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1896..............................................................................
7,086 13
Times for the dividends fixed by the by-laws: third Wednesday in
January and July.


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Federal Reserve Bank of St. Louis

34

REPORT OF THE

[Pub. Doc.

B e lm o n t Savin gs B a n k — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $2,592 55 7
during the year ending Oct. 31,1896,.
.
. 1 2 per cent., 2,796 63 J $ 5>389 18
Number of accounts opened during the year ending Oct. 31, 1896,
. 105
Number of accounts closed during the year ending Oct. 31, 1896,
. 42
Total number of open accounts Oct. 31, 1 8 9 6 , .................................... 678
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
427 66
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
36,141 46
Number of same, . • ................................................................................. 651
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896....................................................................................................................
24,001 02
Number of s a m e ,.......................................................................................... 260
Date of examination by commissioner : January 31.


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Federal Reserve Bank of St. Louis

No. 8.]

35

SAYINGS BANK COMMISSIONERS.

B E N J A M IN F R A N K L IN SA V IN G S B A N K — F R A N K L IN .

Incorporated Feb. 20, 1871.

Present number of corporators, 36.

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 , Cletk 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.,
Jam es M . F r e em an ,
J o se p h G. R a y ,
C h a r l e s J. M c K e n z i e ,
E l is h a P. C h a p m a n ,
E d w a r d H. S h e r m a n ,
W i l l i a m F. R a y .

Open for business every business day, 9

B

a la n ce

Sh

eet

Oc to ber

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 on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Tax account,
.
Bank furniture, .
.
.
.
Cash on hand..................................

a .m .

to 12

m

. ; 1 to 4

p .m .

31, 1896.

L ia b il it ie s .

$13,165
10,000
38,770
40,900
45,357
22,119
197,442
161,296
350
9,103
952
929
344
968
2,707

00
00
62
00
50
44
50
00
00
97
51
97
82
68
63

$544,408 64

Deposits, .
Guaranty fund,
Interest account,
Real estate income
account,

$199,021 32
25,784 48
19,494 31
108 53

$544,408 64

Cash on Deposit in Banks, amount in each : —
Franklin National Bank, F r a n k l i n , ...............................................................$952 51
Hancock National Bank, Boston...........................................................................
9,103 97


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Federal Reserve Bank of St. Louis

36

REPORT OF THE

[Pub. Doc,

Benjamin Franklin Savings Bank — Continued.
Loan on Public Funds : —
$9,000 United States 4 s , ..........................................................................................$10,000 00*

Loans on Bank Stock, amount on each : —
200
160
200
40
34

shares Hancock National Bank, Boston,............................................$9,500
shares Hancock National Bank, Boston,......................................
10,000
19,000
shares Fourth National Bank, B o s t o n ,......................................
shares Producers’ National Bank, Woonsocket, R.I., .
.
.
.
shares Exchange National Bank, Providence, R. I., .
.
.
.
*

00
00
00
500 00
1,900 00

Bank notified that this loan in excess of the limit must be reduced.

Detailed Statement o f Public Funds.

City of Bath, Me., 6s,
United States 4s,

*

Par Value.

Estimated
Market Value.

Amount Invested.

$2,000
10,000

$2,120 00
11,700 00

$1,815 00*
11,350 00

$12,000

$13,820 00

$13,165 00

A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

14
5
70
30
25
10
27
15
9
16
8
16
23
75
12

Par Value.

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


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Federal Reserve Bank of St. Louis

$1,400
500
7,000
3,000
2,500
1,000
2,700
1,500
900
1,600
800
1,600
2,300
7,500
840
$35,140

Estimated
Market Value.

$1,330
500
8,400
3,090
2,125
750
2,997
1,455
945
1,280
688
1,344
2,323
8,250
900

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

$36,377 00

Amount Invested.

$1,442
553
9,345
3,322
2,412
850
3,051
1,708
978
1,520
712
1,135
2,530
8,250
960

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

$38,770 62

No. 8.]

37

SAYINGS BANK COMMISSIONERS.

Benjamin Franklin Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 4s,.
Boston & Maine R.R. 4|s,
Fitchburg R R. 6s, .
Maine Central R.R. 5s, .
Upper Coos R.R. 4^s,

Estimated
Market Value.

$10,000
10,000
10,000
3,000
10,000

$10,250
11,400
10,100
3,210
10,500

$43,000

$45,460 00

Amount Invested.

00
00
00
00
00

$10,450
10,900
10,075
3,232
10,700

00
00
00
50
00

$45,357 50

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

Rate.

Amount.

$9,103 97
2,040 00

149,100 00

2J per cent.
4

5

Amount.

$1,350 00

«

181,998 00

“

25,000 00

Rate.

5J per cent.
6
6è
“

Amount.

$50,500 00

Rate.

7 per cent.

$22,119 44
Value, by boobs, of real estate held or owned by foreclosure or otherwise, .
21,800 00
Assessed value of the same.....................................................................................
356 20
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, . 290
192,888 50
Aggregate amount of the same,
.
.
.
.............................................
Total number of loans upon real e s t a t e , .............................................217
5,225 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per boobs, during
26,943 64
year ending Oct. 31, 1896.....................................................................................
Times for the dividends fixed by the by-laws; first Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $9,197 41 ? 18,681 39
during the year ending Oct. 31, 1896, .
.
.1 2 per cent., 9,483 98 )
Number of accounts opened during the year ending Oct. 31, 1896,
. 248
Number of accounts closed during the year ending Oct. 31,1896, .
. 244
Total number of open accounts Oct 31,1896...................................
2,066
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
2,433 88
sive of taxes),
..................................................................................................
Amount of deposits, not including dividends, received during the year end­
97,217 05
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , .......................................................................................... 1,373
Amount of withdrawals, including dividends, during the year ending Oct.
103,379 16
31, 1896.....................................................................................................................
Number of s a m e , .......................................................................................... 1,590
Date of examination by commissioner: January 24.


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

38

REPORT OF THE

[Pub. Doc.

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

Incorporated Feb. 2, 1846.

Present number of corporators, 44.

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 il 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 i l l ia m H . S l o a n ,
C h ar les W . K ellogg,

R
A

obert

W . A dam ,
K ennedy,

lexander

L ev i A . Stevens.

Open for business every business day, 9

B

a la n ce

Sh

eet

O cto ber

A ssets.

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

a m.

to 3

p .m .

31, 1896.

L ia b il it ie s .

$708,000
197,700
17,900
265,000

00
00
00
00

100 00

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

$3,386,748 09
140,000 00
9,700 42

165,814 03
1,903,365 00
179,000 00
63,500
24,003
8,455
2,932
677

00
53
85
46
64

$3,536,448 51

$3,536,448 51

Cash on Deposit in Banks, amount in each: —
Agricultural National Bank, P i t t s f i e l d , ...................................................... $4,521 40
Pittsfield National Bank, P it t s f ie ld ,...............................................................
943
Third National Bank, Pittsfield............................................................................
540
Berkshire Loan and Trust Company, Pittsfield,.............................................
2,451
National Revere Bank, B o s t o n ,........................................................................
24,003


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Federal Reserve Bank of St. Louis

33
04
08
53

No. 8.]

39

SAYINGS BANK COMMISSIONERS

B erk sh ire C o u n ty Savin gs B a n k — Continued.
Loans on Bank Stock, amount on each: —
40 shares Housatonic National Bank, S tock h rid ge,.................................... $2,300
9 shares Berkshire Loan and Trust Company, Pittsfield, .
.
.
.
12 shares Pittsfield National Bank, P itts fie ld ,............................................. 1
5 shares Housatonic National Bank, S tockh rid ge,.................................... J
4 shares Agricultural National Bank, P i t t s f i e l d , ....................................
3 shares Lee National Bank, L e e , ...............................................................
8 shares Pittsfield National Bank, P it t s f ie ld ,.............................................
20 shares Third National Bank, Pittsfield,......................................................
60 shares Third National Bank, Pittsfield,......................................................
20 shares Pittsfield National Bank, P it t s f ie ld ,.............................................
10 shares Williamstown National Bank, Williamstown, .
.
.
.t
8 shares Berkshire National Bank, North A d a m s ,....................................>8 shares Boston & Albany R . R . , ...............................................................>

00
900 00
1 ^qq qq
400
300
800
1,500
6,000
2,000

00
00
00
00
00
00

2,000 00

Loan on Railroad Stock : —
1 share Boston & Albany R .R ............................................................................

$100 00

Detailed Statement o f Public Funds.
Par Value.

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


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

$12,000
42,000
50,000
85,000
25,000
15,000
50,000
25,000
5,000
25,000
30,000
20,000
45,000
45,000
20,000
27,000
22,000
75,000
30,000
35,000
18,000
7,000
$708,000

*

Estimated
Market Value.

$12,360
43,680
50,000
85,000
26,500
15,000
51,330
26,000
5,150
25,250
31,050
20,400
45,000
45,900
20,700
27,810
22,880
77,250
30,000
36,050
18,180
7,490

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

Amount Invested.

$12,000
42,000
50,000
85,000
25,000
15,000
50,000
25,000
5,000
25,000
30,000
20,000
45,000
45,000
20,000
27,000
22,000
75,000
30,000
35,000
18,000
7,000

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

$722,980 00 $708,000 00

Legal investments when made.

[Pub. Doc

REPORT OF THE

40

Berkshire County Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

45
109
27
100
57
32
125
60
100
100
80
25
120
53
105
35
70
20
70
24
35
31
39
50
60
65
35
50
110
20
25
50
40
10

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boston Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Com­
monwealth, Boston,
N’l B’k of the Republic, Boston,
Nat’l Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
First Nat’l Bank, Chicopee,
Hadlev Falls N’l B’k, Holyoke,
Lee National Bank, L ee,.
Adams N’l B’k, North Adams, .
Agricultural N’l B’k, Pittsfield,
Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
Pittsfield N’l Bank, Pittsfield, .
Third Nat'l Bank, Pittsfield, .
Agawam N’l B’k, Springfield, .
Chapin N’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,
Stockbridge,


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

Estimated
Market Value.

Amount Invested.

$4,500
10,900
2,700
10,000
5,700
3,200
12,500
6,000

$4,905
12,426
2,322
8,800
13,110
2,720
18,125
6,660

00
00
00
00
00
00
00
00

$4,500
10,900
2,700
10,000
5,700
3,200
12,500
6,000

00
00
00
00
00
00
00
00

10,000
10,000
8,000
2,500
12,000
5,300
10,500
3,500
7,000
2,000
7,000
2,400
3,500
3,100
3,900

13,500
13,800
5,600
2,625
9,600
5,194
15,645
3,500
12,250
2,160
10,150
3,720
5,950
3,875
9,750

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

10,000
10,000
8,000
2,500
12,000
5,300
10,500
3,500
7,000
2,000
7,000
2,400
3,500
3,100
3,900

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

5,000
6,000
6,500
3,500
5,000
11,000
2,000

6,250
9,600
13,000
3,150
6,500
17,380
2,200

00
00
00
00
00
00
00

5,000
6,000
6,500
3,500
5,000
11,000
2,000

00
00
00
00
00
00
00

2,500
5,000

2,750 00
7,250 00

2,500 00
5,000 00

4,000

5,600 00

4,000 00

1,000

1,500 00

1,000 00

$197,700 $261,567 00 $197,700 00

No. 8.]

41

SAYINGS BANK COMMISSIONERS.

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

Par Value.

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

$50,000
75.000
20.000
25.000
35.000
25.000
25.000
10.000
$265,000

Estimated
Market Value.

$51,500
85.500
21.400
25,250
36.400
27,000
26.500
10,100

00
00
00
00
00
00
00
00

Amount Invested.

$50,000
75.000
20.000
25.000
35.000
25.000
25.000
10.000

00
00
00
00
00
00
00
00

$283,650 00 $265,000 00

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

$24,003 53
5,000 00

Rate.

Amount.

Rate.

2 per cent.
H
“

$100,000 00
2,055,565 00

4^ per cent.
5
“

Amount.

$3,300 00

Rate.

6 per cent.

Amount invested in real estate for banking purposes,
.
.
.
.
$165,814 03
Estimated value of the s a m e , ........................................................................
165,814 03
Assessed value of the sam e,................................................................................
110,000 00
Number of loans which are of an amount not exceeding $3,000 each, 674
Aggregate amount of the s a m e ,........................................................................
847,615 00
Total number of loans upon real e s t a t e , ............................................. 767
8,500 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 6 ,........................................................................
158,526 04
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of eachsemi-annual dividend ( 2per cent., $63,077 32 )
127,817 54
during the year ending Oct. 31, 1896,
.
. ( 2per cent., 64,740 22 1
Number of accounts opened during the year ending Oct. 31, 1896,
1,571
Number of accounts closed during the year ending Oct. 31, 1896,
1,376
Total number of open accounts Oct. 31, 1896...................................
10,558
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
9,560 63
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 6 , ..........................................................................................
598,619 52
Number of s a m e ,.......................................................................................... 8,944
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896,
............................................................................................................
641,377 67
Number of s a m e ,...........................................................................................8,413
Date of examination by commissioner: September 28.


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

42

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

Incorporated Feb. 23,1867.

Present number of corporators, 55.

R obert R . E ndicott , President.
C h arles H . K il h a m , Treasurer.
C h arles H. K il h a m , Clerk o f the Corporation.,

Names of committee charged with the investment of its funds:
A ugustus N. C l a r k ,
G eorge B utman .

R obert R . E ndicott ,
Samuel J. F oster ,

Open for business every business day, 8.30 a .m . to 1.30 b .m .

B

a la n ce

Sh

eet

Octo ber

31, 1896.

A ssets.

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,.
Loans on railroad stock,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, not on interest,
Expense account,
Real estate owned,
Cash on hand, .
.
.
.

L ia b il it ie s .

$95,000
45.000
205,610
14,400
156,000
68.000

00
00
00
00
00
00

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

$2,015,229 75
65,000 00
2,577 50
7,595 19

20,000 00
740,141 62
696,115 00
20,700
26,511
224
400
2,299

00
83
62
24
13

$2,090,402 44

$2,090,402 44

Cash on Deposit in Bank : —
Beverly National Bank, B e v e r l y , ............................................................... $26,511 83
Loan on Public Funds : —
$43,000 Massachusetts 3 £ s , ................................................................................. $45,000 00*


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

* Since reduced within the legal limit.

No. 8.]

43

SAYINGS BANK COMMISSIONERS

Beverly Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
150
24
15
10

shares
shares
shares
shares
6 shares

Hancock National Bank, Boston,
.
.
.
First National Bank, S a l e m , ....................................
Beverly National Bank, Beverly,
.
.
Gloucester Safe Deposit and Trust Company, Gloucester,
First National Bank, D a n vers,....................................

.

$

'}
.

10,000 00
2,000 00*
2,000 00
400 00

Loan on Railroad Stock : —
523 shares Boston & Maine R . R . , ............................................................... $68,000 00
* Since reduced within the legal limit.

Detailed Statement o f Public Funds.

Par Value.

City of Cleveland, Ohio, 4s, .
of Fall River, Mass., 6s, .
of Kansas City, Mo., 4ès,
Town of Attleborough, Mass., 4s, .
of Beverly, Mass., 4s, .
of Medford, Mass., 4s, .
of Peabody, Mass., 4s, .
of Rockport, Mass., 4s, .
of Wellesley, Mass., 4s,
of Winchester, Mass., 4s,

$2,000
10,000
25,000
2,000
36,000
2,000
1,000
3,000
4,000
10,000
$95,000

Estimated
Market Value.

$2,000
10,550
26,750
2,000
36,725
2,080
1,010
3,060
4,040
10,400

00
00
00
00
00
00
00
00
00
00

$98,615 00

Amount Invested.

$2,000
10,000
25,000
2,000
36,000
2,000
1,000
3,000
4,000
10,000

00
00
00
00
00
00
00
00
00
00

$95,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

200
100
66
58
75
20
57
80
100
20
50
61
100
75
30
73
50

Par Value.

Beverly Nat’l Bank, B everly,.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Continental N’l Bank, Boston,
Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston,.
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,


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

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

Estimated
Market Value.

$28,000
11,400
5,676
5,800
6,375
1,660
5,871
6,800
8,000
2,900
5,750
8,418
7,500
5,250
3,660
7,665
4,000

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

Amount Invested.

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

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

[Pub. Doc

REPORT OF THE

44

Beverly Savings Bank — Continued.

STo. of
Shares.

Detailed Statement o f Bank Stocks— Concluded.

33
20
50
50
50
66
25
60
50
18
177
71
67
28
87
60
67

Par Value.

Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
First National Bank, Lynn,
N’l Grand Bank, Marblehead,.
Asiatic National Bank, Salem,
First National Bank, Salem, .
Mercantile N’l Bank, Salem, .
Merchants’ N’l Bank, Salem, .
Nat’l Exchange Bank, Salem,
Naumkeag Nat’l Bank, Salem,
Salem National Bank, Salem,.

$3,300
2,000
5,000
5,000
5,000
6,600
2,500
6,000
5,000
1,800
5,310
7,100
6,700
1,400
8,700
6,000
6,700
$205,610

Estimated
Market Value.

$3,234
2,980
5,000
5,400
4,300
7,062
2,100
7,800
6,500
2,016
5,310
6,390
7,035
1,704
7,830
7,500
7,437

Amount Invested.

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

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

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

$214,323 00 $205,610 00

Detailed Statement o f Bailroad Bonds.
Par Value.

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

$10,000
11,000
10,000
20,000
20,000
20,000
15.000
25.000
25.000

Estimated
Market Value.

$10,150
11,220
9,900
19,800
21,100
20,650
15,000
26,250
25,500

Amount Invested.

00
00
00
00
00
00
00
00
00

$156,000 $159,570 00

$10,000
11,000
10,000
20,000
20,000
20,000
15.000
25.000
25.000

00
00
00
00
00
00
00
00
00

$156,000 00

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

Amount.
$5,000
125,000
15.000
60.000

00
00
00
00

44 per cent.

44

“

4ft

“

4fj


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

Rate.

Amount.

5 per cent.
54
“
“

$615,738 15
10,000 00
20,000 00

Amount.
$415,150
90,000
227,368
1,100

00
00
47
00

5¿
5|

Rate.

6 per cent.
7
8

“

No. 8.]

SAVINGS BANK COMMISSIONERS.

45

Beverly Savings Bank — Concluded.
$ 20,000 00
Amount invested in real estate for banking purposes,....................................
25,000 00
Estimated value of the same,............................................. ........
26,625 00
Assessed value of the s a m e ,.................................................................................
855 95
Net income received from same during year ending Oct. 31, 1896,
Value, by books, of other real estate held or owned by foreclosure or
400 24
o th e r w ise ,............................................................................................................
24 60
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each,. 506
492,639 62
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 553
Gross amount of interest or profits received or earned, as per books, dur­
98,947 26
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
Times for the dividends fixed by the by-laws: fourth Wednesday in April
and October.
Rate and amount of each semi-annual dividend $ 2 per cent., $36,268 43 )
74,005 74
during the year ending Oct. 31,1896,.
.
. ( 2 per cent., 37,737 31 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 789
Number of accounts closed during the year ending Oct. 31, 1896,
. 690
Total number of open accounts Oct. 31, 1896,
.
.
.
.
5,749
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
4,652 19
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
405,583 17
ending Oct. 31, 1 8 9 6 ,..........................................................................................
Number of s a m e ,...........................................................................................4,804
Amount of withdrawals, including dividends, during the year ending Oct.
344,395 48
3 1 , 1 8 9 6 , ............................................................................................................

Number of same................................................................................................4,446
Date of examination by commissioner : February 20.


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

46

REPORT OF THE

[Pub. Doc.

BOSTON F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated April 7, 1854.

Present number of corporators, 61.

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.

E d w a r d E d m u n d s , Clerk o f the Corporation.

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

A . H . D avenport,
W m . R . D u pee,

Sa m u e l A . C a h l e t o n ,
W il m o t R . E v a n s ,
N a t h a n ie l J. R ust .

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

B

A

a lan ce

Sh

eet

Octo ber

ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loans on railroad stock, .
Railroad notes................................
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Real estate, rents and expenses,
Cash on hand, .
.
.
.

p m

. ; and

31, 1896.

L ia b il it ie s .

$3,070,651
53,600
668.300
46,700
999,685
25.000
77.000
400.000

50
00
00
00
00
00
00
00

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

$22,330,432 13
1,114,422 88
37,339 57
655,285 23
6,013 93

195.000 00
10,559,530 79
6,682,725 00
443.300
877,661
553
572
43,214

00
42
34
69
00

$24,143,493 74

$24,143,493 74

Cash on Deposit in Banks, amount in each : —
First National Bank, Adams,
.
.
.
.
.
.
.
.
.
Blackstone National Bank, Boston, .
.
.
.
.
.
.
.
Faneuil Hall National Bank, Boston, .
.
.
.
.
.
.
.
...................................................... .........
Lincoln National Bank, Boston, .
Mechanics’ National Bank, Boston, ...............................................................
National Bank of the Commonwealth, B o s to n ,.............................................


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

$5,000 00

117 019 88
41,860
22 985
7,743
86,596

31
27
46

88

No. 8.]

47

SAYINGS BANK COMMISSIONERS.

Boston Five Cents Savings Bank — Continued.
$215,677
68,588
128,651
118,508
50.000
15.000

National Security Bank, Boston, .
North National Bank, Boston,
Second National Bank, Boston, .
Winthrop National Bank, Boston,
Pocasset National Bank, Fall River,
Pynchon National Bank, Springfield,

17*
99
05
41
00
00

Loans on Public Funds, amount on each: —
$2,000
$2,000
$2,000
$15,000
$35,000

$ 2,000 00

United States 4s,
. . .
City of Boston, Mass., 5s,
Town of Winthrop, Mass , 5s,
City of Dover, N. H., 4 s ,.
United States 4s,
. . .

1,600 00
2,000 00

13.000 00
35.000 00

Loans on Bank Stock, amount on each: —
200
62
70
80
120
70
37

$12,500 00

shares National City Bank, Boston,
shares National Security Bank, Boston,
shares Atlas National Bank, Boston,
shares Freeman’s National Bank, Boston,
shares Freeman’s National Bank, Boston,
shares National Bank of the Commonwealth, Boston,
shares Home National Bank, Brockton,

6,200 00
6,000 00

5.500
8,000
5,000
3.500

00
00
00
00

Loan on Railroad Bonds : —
$24,500 Maine Central R.R. ................................................................................ ..
$1,000 Maine Central R.R. 7s, ........................................................................ £ $25,000 00
$500 Salem & Lowell R.R . 6s
, ............................................................... ^

' Loans on Railroad Stock, amount on each : —
20 shares Boston & Maine R . R , ........................................................................$2,000 00
700 shares Boston & Maine R . R . , ...............................................................
75,000 00
* This amount has since been reduced within the legal limit.

Detailed Statement o f Public Funds.
Par Value.

City of
of
of
of
of
of
of
of
of

Biddeford, Me., 4s,
Boston, Mass., 4 s,.
Boston, Mass., 5 s,.
Brockton, Mass., 4s,
Cleveland, Ohio, 4±s,
Cleveland, Ohio, 5s,
Chelsea, Mass., 4s,
Chicago, 111., 7s, .
Chicopee, Mass., 4s,


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

.

$50,000
680,000
206,151
35,000
219,000
200,000
109,000
5,000
21,000

00
00
50
00
00
00
00
00
00

Estimated
Market Value.

$50,500
708,800
213,961
36,150
221,190
205,000
110,090
5,300
21,000

00
00
43
00
00
00
00
00
00

Amount Invested.

$50,000
680,000
206,151
35,000
219,000
200,000
109,000
5,000
21,000

00
00
50
00
00
00
00
00
00

48

REPOET OF THE

[Pub. Doc,

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

Par Value.

City of Columbus, Ohio, 4s,
of Dayton, Ohio, 6s, .
of Detroit, Mich., 7s,.
of East Saginaw, Mich., 5s,
of Fort Wayne, Ind., 6s, .
of Haverhill, Mass., 4s,
of Indianapolis, Ind., 4s, .
of Keene, N. H., 4 s.,.
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Milwaukee, Wis., 4s, .
of Milwaukee, Wis., 5s, .
of Salem, Mass., 5s, .
of So. Norwalk, Conn., 4s,
Town of Beverly, Mass., 4s,
of Brookline, Mass., 5s, .
of Danvers, Mass., 5s,
of Melrose, Mass., 4s,
of No. Attleboro’, Mass.
(Fire Dist.), 4s,
of North Easton, Mass.
(Village Dist.), 4s, .
of Norwich, Conn., 4s, .
of Spencer, Mass., 4s,
of Walpole, Mass., 4s, .
County of Carroll, N. H., 4s, .
Commonwealth of Mass. 3s,
District of Columbia 5s, .

$70,000
5,000
21,000
8,000
6,000
50,000
248,000
73,000
91,000
10,000
54,000
241,000
100,000
29,000
21,000
50,000
63,000
40,000

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

$70,350
5,050
23,100
8,120
6,240
52,500
254,200
73,730
91,682
10,100
55,080
251,845
105,000
29,290
21,630
50,000
65,520
42,000

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

Amount Invested.

$70,000
5,000
21,000
8,000
6,000
50,000
248,000
73,000
91,000
10,000
54,000
241,000
100,000
29,000
21,000
50,000
63,000
40,000

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

72,000 00

73,440 00

72,000 00

47,000
60,000
5,000
24,000
12,500
80,000
65,000

47,470
61,200
5,150
24,000
12,750
80,000
66,650

47,000
60,000
5,000
24,000
12,500
80,000
65,000

00
00
00
00
00
00
00

00
00
00
00
00
00
00

00
00
00
00
00
00
00

$3,070,651 50 $3,158,088 93 $3,070,651 50
* Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

250
274
234
130
330
100
250
100
350

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boston Nat'l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
First National Bank, Boston, .
Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston,.


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

$25,000
27,400
23,400
13,000
33,000
10,000
25,000
10,000
35,000

Estimated
Market Value.

$28,250
23,838
21,879
16,250
31,020
9,800
56,750
8,500
28,700

00
00
00
00
00
00
00
00
00

Amount Invested.

$25,000
27,400
23,400
13,000
33,000
10,000
25,000
10,000
35,000

00
00
00
00
00
00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

49

Boston Five Cents Savings Bank — Continued.

No. of
Shares.

1

Detailed Statement o f Bank Slocks — Concluded.
Estimated
Market Value.

Amount Invested.

[

Par Value.

100
223
47
168
280
108
150
202
100
101
325
225
200
50
96
297
515
216
161
150
71
200
150
380
50
100

Hamilton Nat’l Bank, Boston,.
Howard Nat’1 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, .
National Eagle Bank, Boston,.
Nat’l Exchange Bank, Boston,
N’l Hide& Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Rockland Bank, Boston,.
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,.
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’l B'k, Boston, .
Winthrop Nat’l Bank, Boston,
First N’l Bank, Marlborough, .
Third Nat’l Bank, Springfield,

$10,000
22,300
4,700
16,800

$10,100
19,178
6,439
17,976

00
00
00
00

$10,000
22,300
4,700
16,800

00
00
00
00

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

38,080
12,204
20,400
15,756
6,800
11,918
32,825
17,550
27,400
6,450
9,216
29,700
89,095
22,680
16,422
15,600
6,106
17,000
15,000
48,640
5,000
17,800

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

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

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

$668,300

$760,322 00 $668,300 00

Detailed Statement o f Railroad Bonds.
Par Value.

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


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

Estimated
Market Value.

$300,000 $313,500 00
6,000
6,120 00
300.000
301.000 00
50,000
52,250 00
80,387 83
69,685
174.000
176,610 00
100.000
104.000 00

Amount Invested.

$300,000
6,000
300.000
50,000
69,685
174.000
100.000

00
00
00
00
00
00
00

$999,685 $1,033,867 83 $999,685 00

[Pub. Doc

REPORT OF THE

50

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

Kate.

Amount.

2A per cent.
3J
“
4
»
4|

$135,000 00
1,148,550 00

Amount.

$781,661
60,300
4,657,000
400,000
2,316,500
318,000
2,484,900

42
00
00
00
00
00
00

4|
4è

“

Kate.

200,000 00
13,000
3,144,471
4,800
281,300

00
29
00
00

4f per cent.
4|

4|
4-A
5
6fr

H

“
“

Amount.

$2,500
1,372,499
125,700
1,628,415
54,000
29,400
9,520

Rate.

00
50
00
00
00
00
00

5g per cent.
Si
“
5|
“
6
“
6i
“
6i
“
7
“

Amount invested in real estate for banking purposes, .
.
.
. $195,000
Estimated value of the s a m e , ........................................................................
225,000
Assessed value of the s a m e ,.................................................................................
293,500
Number of loans which are of an amount not exceeding $3,000 each, . 485
Aggregate amount of the s a m e , ........................................................................
873,376
Total number of loans upon real estate,
.
.
.
.
. 936
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,................................................................................. 1,044,110
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend | 2 per cent., $404,078 43 ) g ^
during the year ending Oct. 31, 1896, .
.
1 2 per cent., 408,563 47 J
’
Number of accounts opened during the year ending Oct. 31, 1896,
15,814
Number of accounts closed during the year ending Oct. 31, 1896,
11,786
Total number of open accounts Oct. 31, 1896,
.
.
.
.
146,260
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu69,235
sive of t a x e s } , ...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,................................................................................................... 5,892,485
Number of s a m e , .................................................................................
134,730
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 9 6 , ............................................................................................................ 6,082,139
Number of s a m e , .................................................................................
109,275
Date of examination by commissioners : November 16 and 17.


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

00
00
00
29

40

90

82
48

07

No. 8.]

SAVINGS BANK COMMISSIONERS.

51

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

Incorporated April 6, 1864.

Present number of corporators, 96.

A sa H. C a t o n , President.
H e n r y It. R e y n o l d s , Treasurer.
L e w is M. C l a r k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
John S w e e t se r ,
John A . P r a y ,
D e x t e r N. R ic h a r d s ,
J ohn

W il l i a m A . R u st ,
T h o m a s N. H a r t ,
A sa H . C a t o n ,
R eyn o ld s.

Open for business every business day, 9 a . m . to 3 p . m . ; Saturdays, 5 to 8 p.m .

B

a la n ce

Sh

eet

Octo ber

A sse ts.

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, 1896.

L ia b il it ie s .

00

$50,000
78,160
5,500
50,000

50
00
00

125.000
1,056,597
495.000
29,092
863
7,486

00
33
00
16
78
85

$1,897,700 62

Deposits, .
Guaranty fund,
Interest account,

$1,823,478 15
61,500 00
12,722 47

$1,897,700 62

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

$21,841 53
7,250 63

Loans on Bank Stock, amount on each : —
5 shares Mechanics’ National Bank, Boston,
58 shares Fourth National Bank, Boston,


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

$500 00
5,000 00

52

REPORT OF THE

[Pub. Doc

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

Par Value.

City of Malden, Mass., 4s,

$50,000

Estimated
Market Value.

$53,000 00

Amount Invested,

$50,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

42
50
50
150
50
50
25
37
50
100
32
11
20

Par Value.

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

$4,200
5,000
5,000
15,000
5,000
5,000
2,500
3,700
5,000
10,«'00
3,200
1,100
2,000
$66,700

Estimated
Market Value.

$4,578
5,700
4,481
12,000
4,425
5,000
3,625
4,162
4,843
10,600
3,160
1,174
1,685

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

$65,434 75

Amount Invested.

$6,384
6,300
6,050
15,000
6,250
5,325
3,600
4,662
5,525
11,550
3,632
1,402
2,480

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

$78,160 50

Detailed Statement o f Bailroad Bonds.

Par Value.

Concord & Montreal R.R. 4s, .

$50,000

Estimated
Market Value.

Amount Invested.

$50,500 00

$50,000 00

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

Rate.

$29,092 16
107,400 00
1,068,697 33

2 per cent.
4h
5


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

“
»

Amount.

$25 000 00
25,000 00
142,100 00

Rate.

Amount.

5J per cent.
5Ì
“
5è
“

$185,900 00
3,000 00

Rate.

6 per cent.
7

No. 8.]

SAYINGS BANK COMMISSIONERS.

53

Boston Penny Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................... $125,000 00
Estimated value of the s a m e , ........................................................................
100,000 00
Assessed value of the s a m e ,.................................................................................
82,000 00
Net income received from same during year ending Oct. 31, 1896,
.
.
4,236 44
Number of loans which are of an amount not exceeding $3,000 each,
77
Aggregate amount of the s a m e , ........................................................................
134,297 33
Total number of loans upon real e s t a t e , ............................................. 212
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896.....................................................................................
84,160 60
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Rate and amount of each semi-annual dividend r 2 per cent., $32,400 72 1 gg qqj
during the year ending Oct. 31, 1896,
.
. j 2 per cent.,
33,606 79 I
’
Number of accounts opened during the year ending Oct. 31, 1896,
2,246
Number of accounts closed during the year ending Oct. 31, 1896,
1,538
Total number of open accounts Oct. 31, 1896,
.
.
.
.
8,170
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes), ............................................................................................................. 8,179 10
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896.....................................................................................................
488,786 16
Number of s a m e , ........................................................................................ 12,809
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896....................................................................................................................
409,902 43
Number of s a m e , .......................................................................................... 8,257
Date of examination by commissioner: March 6.


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

[Pub. Doc.

REPORT OF THE

54

B R A IN T R E E S A V IN G S B A N K -S O U T H B R A IN T R E E .
Incorporated March 21, 1870.

Present number of corporators, 42.

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

Names of committee charged with the investment of its funds :
B e n j a m in F. D y e r ,
P. D . H o l b r o o k ,
N . H . H unt.

Open for business every business day, 8 a . m . to 6 p . m .

Balance Sheet October 31, 1896.

L ia b il it ie s .

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand, .
.
.
.

$24,000
28.800
63,000
137,478
180
8,316
45

00

00

00
00

Deposits, .
Guaranty fund,
Interest account,

$245,789 91
7,049 20
10,044 16

00

95
72
68 75
993 85

$262,883 27

$262,883 27

Cash on Deposit in Bank : —
Shawmut National Bank, Boston,........................................................................$8,316 95

Detailed Statement o f Public Funds.
Par Value.

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


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

Estimated
Market Value.

$5,250
3.120
2.120
5,150
3,120
1,035
5,250

$5,000
3.000
2.000
5.000
3.000
1.000
5,000
$24,000

00
00
00
00
00
00
00

$25,045 00

A legal investment when made.

Amount Invested.

$5,000
3.000
2.000
5.000
3.000
1.000
5,000

00
00
00
00
00
00
00*

$24,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS

55

Braintree Savings Bank — Continued.

Shares.

I No. o f

Detailed Statement o f Bank Stocks.

20
18
5
20
7
28
10
8
10
45
25
15
17
8
25
16
11

Par Value.

Blackstone N’l Bank, B oston,.
Freeman’s N’l Bank, Boston, '.
Globe National Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
Mt. Vernon N’l Bank, Boston,
N’l B’k of No. America, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Shawmut Nat’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Brockton N’l Bank, Brockton, .
Union Market National Bank,
Watertown, .
.
.
.
Union Nat’l Bank, Weymouth,

Estimated
Market Value.

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

$1,720
1,530
415
2,000
1,015
2,912
970
976
1,050
4,860
2,150
1,590
1,428
1,040
2,875

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

Amount Invested.

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

00
00
00
00
00
00
00 j
00
00
00
00
00
00
00
00

1,600
1,100

2,000 00
1,210 00

1,600 00
1,100 00

$28,800

$29,741 00

$28,800 00

Detailed Statement o f Railroad Bonds.
Par Value.

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


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

Estimated
Market Value.

$5,000
5,000
2,000
3,000
2,000
3,000
5,000
5,000
10,000
3,000
5,000
5,000
5,000
5,000
$63,000

$5,115
4,950
2,000
3,135
2,000
3,180
5,250
5,000
10,300
2,970
5,350
5,250
5,300
5,100

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

$64,900 00

* A legal investment when made.

Amount Invested.

$5,000
5,000
2,000
3,000
2,000
3,000
5,000
5,000
10.000
3,000
5,000
5,000
5,000
5,000

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

$63,000 00

56

REPORT OF THE

[Pub. Doc.

Braintree Sayings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
1
Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

'I
$8,316 95
63,900 00

2J per cent.
5

“

$72,358 00

6 per cent.

$1,400 00

7 per cent.

Number of loans which are of an amount not exceeding $ 3,000 each, 134
Aggregate amount of the s a m e , ........................................................................ $135,278
Total number of loans upon real e s t a t e , .............................................139
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
12,411
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent.,
$4,414 86 1
8,969
during the year ending Oct. 31, 1896,
.
. 1 2 per cent.,
4,554 17 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 159
Number of accounts closed during the year ending Oct. 31, 1896,
. 105
Total number of open accounts Oct. 31, 1 8 9 6 , .................................... 870
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes)............................................................................................
837
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,..................................................................................................
54,093
Number of s a m e , ...............................................................................................
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
47,683
Number of s a m e ,............................................................... .........
690
Date of examination by commissioner: April 10.


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

00

71
03

77
51

77

No. 8.]

SAVINGS BANK COMMISSIONERS.

57

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

Incorporated March 19, 1872.

Present number of corporators, 21.

S p e n c e r L e o n a r d , President.
S a m u e l P . G a t e s , Treasurer.
G e o r g e M. H o o p e r , Clerk of the Corporation.

Names of committee charged with the investment of its funds :
L a fa y e tte K e it h ,
S am uel P . Ga t e s,
H o sea K in g m a n ,
John H . F a ir b a n k s ,
P a u l O. C l a r k .

Open for business every business day, 7.30

B

a lan ce

Sh

eet

Octo ber

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure, .
Loans on real estate, .
.
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

Cash on Deposit in Bank : —


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

to 12.30

p .m . ;

1.30 to 6 p . m .

31, 1896.

L ia b il it ie s .

$60,000 00
56,716 75

86,000 00
5,450 00

10,000 00

242,260
95,330
150
298
92
6,630

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

$533,095 43
25,900 00
3,013 49
863 69
56 00

13
79
00
02
12
80

$562,928 61

First National Bank, Boston,.

a .m .

$562,928 61

58

REPORT OF THE

[Pub. Doc.

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

Par Value.

'
City of
of
of
of
of
of
of
of
of
of
County

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

$5,000
5.000
5.000
5.000
4.000
5.000
5.000
15,000
1.000
5.000
5.000
$60,000

*

Estimated
, r , . Tr ,
Market Value.

$5,550
5,050
5.250
5,550
4,720
5,350
5,825
16,595
1,070
5,575
5.250

00
00
00
00
00
00
00
00
00
00
00

$65,785 00

Amount Invested.

$5,000
5.000
5.000
5.000
4.000
5.000
5.000
15,000
1.000
5.000
5.000

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

$60,000 00

Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

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

Par Value.

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


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

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

Estimated
Market Value.

$1,365
4,300
5,456
1,270
4,800
1,700
830
1,700
1,450
2,910
3,450
1,400
1,380
2,800
3,000
2,592
600
3,180
1,010
3,450
3,630
2,750
840
4,500

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

$60,363 00

Amount Invested.

$1,300
5,000
5,546
1,000
4,000
2,000
1,000
2,000
1,000
3,000
3,000
2,000
600
2,770
3,000
2,400
1,000
3,000
1,000
3,000
2,200
2,500
800
3,600

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

$56,716 75

No. 8.]

59

SAYINGS BANK COMMISSIONERS.

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

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

Estimated
Market Value.

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

$11,400
3,000
4,950
4,220
11,390
5,050
26,800
10,300
5,200
3,003
5,350
5,250

$86,000

$95,913 00

Amount Invested.

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

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

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

$86,000 00

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

Eate.

Amount.

$265 79
33,000 00
87,750 00

0 per cent.
4£
5

“
“

Kate.

Amount.

$12,600 00
202,625 13

5j| per cent.

Kate.

Amount.

$1,300 00

200 00

6

7 per cent.

8

•

Amount invested in real estate for banking purposes,....................................$5,450 00
Estimated value of the sam e,.................................................................................
5,450 00
Assessed value of the s a m e ,...................................................... ■•
•
•
6,000 00
Net income received from same during year ending Oct. 31, 1896,
•
66 33
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................
10,000
00
Assessed value of the s a m e ,..............................................................
5,300
00
Net income received from same during year ending Oct. 31,1896,
.
.
631 41
Number of loans which are of an amount notexceeding $3,000 each, . 191
Aggregate amount of the s a m e , ......................................................
177,540
92
Total numbeV of loans upon real e s t a t e , ............................................. 162
Amount of investments from which no income is received, .
.
.
.
965 79
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
28,682 77
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of each semi-annual dividend [ 2 per cent., $9,953 46 ) ^20,008 65
during the year ending Oct. 31, 1896,
.
.1 2 per cent., 10,055 19 i
Number of accounts opened during the year ending Oct. 31, 1896,
. 184
Number of accounts closed during the year ending Oct. 31, 1896,
. 143
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,788


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

60

REPORT OF THE

[Pub. Doc

Bridgewater Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 6 ,..........................................................................................
Number of s a m e ,................................................................................. 1,304
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of same,
............................................. 1,461
Date of examination by commissioner : May 8.


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

$1,878 53
101,897 99

105,047 50

No. 8.]

61

SAVINGS BANK COMMISSIONERS.

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.

Present number of corporators, 113.

N . W a r r e n 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 ,
B e n j. M . F is k e ,
F rank

G r a n v il l e A. F u l l e r ,
W ebster F . W a r r e n ,
G. N e w e a ll.

Open for business every business day except Saturdays, 9 a . m . to 12 m . ; 2 to 4
Saturdays, 9 a . m . to 12 m . ; and for deposits only, 7 to 9 p . m .

B

alan ce

Sh

eet

Octo ber

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Suspense account,
Cash on hand,
.
.
.
.

p .m

81, 1896.

L ia b il it ie s .

$59,020
33,935
157,018
405,510
7,000
17,540
1,122
500
33
4,266

00
00
75
00
00
63
45
00
95
21

$685,946 99

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

$647,171 05
16,400 00
10,466 41
6,013 53
5,896 00

$685,946 99

Cash on Deposit in Bank : —
National Market Bank of Brighton, B o s t o n , ............................................. $ 17,540 63


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

.;

[Pub. Doc

REPORT OF THE

62

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

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

Amount Invested.

$5,250
5,150
8,040
2,060
10,000
3,180
1,020
5,150
6,060
5,150
4,020
5,350

$5,000
5,000
8,000
2,000
10,000
3,000
1,020
5,000
6,000
5,000
4,000
5,000

$5,000
5,000
8,000
2,000
10,000
3,000
1,000
5,000
6,000
5,000
4,000
5,000
$59,000

*

Estimated
Market Value.

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

$60,430 00

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

$59,020 00

A legal investment when made.

Shares.

1 Ko. o f

Detailed Statement o f Bank Stocks.

8 Blackstone N’l Bank, Boston,.
12 Bovlston Nat’l Bank, Boston, .
5 Central Nat’l Bank, Boston, .
10 Columbian N’l Bank, Boston,.
15 Eliot Nat’l Bank, Boston,
19 Everett Nat’l Bank, Boston, .
23 Freeman’s Nat’l Bank, Boston,
10 Howard Nat'l Bank, Boston, .
25 Lincoln Nat’l Bank, Boston, .
10 Merchants’ N’l Bank, Boston, .
30 Metropolitan N’l B’k, Boston,.
15 N’l Hide & Leather B’k, Boston,
30 N’l Market Bank, Brighton, .
5 National Revere Bank, Boston,
13 Nat’l Webster Bank, Boston, .
18 Old Boston Nat’l Bank, Boston,
21 Shawmut Nat’l Bank, Boston,
13 Shoe & Leather N’l B’k, Boston,
10 State National Bank, Boston, .
6 Suffolk Nat’l Bank, Boston, .
22 Third Nat’l Bank, Boston,
12 Tremont Nat’l Bank, Boston, .
5 First National Bank, Lynn,
4 Union Market N’l B’k, Watert o w n , ..................................


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

Par Value.

$800
1,200
500
1,000
1,500
1,900
2,300
1,000
2,500
1,000
3,000
1,500
3,000
500
1,300
1,800
2,100
1,300
1,000
600
2,200
1,200
500

Estimated
Market Value.

Amount Invested.

$720
1,500
585
960
1,800
1,520
2,070
880
1,870
1,450
2,700
1,571
3,000
400
1,300
1,926
2,268
1,170
1,060
642
1,947
1,020
650

$800
1,200
500
1,000
1,500
1,900
2,300
1,000
2,500
1,000
3,000
1,500
3,000
500
1,300
1,800
2,100
1,300
1,000
600
2,035
1,200
500

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

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

400

400 00

400 00

$34,100

$33,409 00

$33,935 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

63

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

Par Value.

Boston & Albany R.R. 4s,
.
Boston & Lowell R.R 4s,
Boston & Maine R.R. 4 s ,.
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R 4s, .
Fitchburg R R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .
Maine Central R R. 4s, .
Maine Central R.R. 5s, .
Maine Central R.R. 7s, .
N. Y., Providence & Boston R.R. 7s,
Old Colony R.R. 4 s,.
Old Colony R.R. 4£s,
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4 J s , ..................................
Salem & Lowell R.R. 6s, .
St. Johnsbury & Lake Champlain
R.R 5s,...........................................

$10,000
27,000
7,000
3,000
10,000
4,000
4,000
18,000
3,000
16,000
1,500
11,000
3,000
9,000
5,000
5,000

Estimated
Market Value.

$10,400
27,950
7,070
3,270
10,100
4,000
4,200
18,870
3,010
16,000
1,635
13,170
3,120
9,450
5,035
5,350

Amount Invested.

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

$10,000
27,000
7,000
3,000
9,997
3,990
4,000
18,000
3,000
16,000
1,500
11,000
3,000
9,000
5,031
5,000

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

10,000
500

10,900 00
515 00

10,000 00
500 00

10,000

11,700 00

10,000 00

$157,000

$165,745 25

$157,018 75

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

$17,540 63
204,800 00

Rate.

2 per cent.
5

Rate.

Amount.

$54,000 00
153,610 00

54 per cent.

6

Amount.

$100 00

Rate.

8 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 139
Aggregate amount of the s a m e , ........................................................................$195,810 00
Total number of loans upon real estate,
.
.
.
.
.
. 167
Gross amount of interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 6 , ........................................................................
32,045 75
Times for the dividends fixed by the by-laws: first Saturday in January
and July.
Rate and amount of each semi-annual dividend t 2 per cent., $11,147 13 1 22 991 30
during the year ending Oct. 31, 1896, .
. ' 2 per cent.,
11,844 17 j
’
Number of accounts opened during the year ending Oct. 31, 1896,
. 536
Number of accounts closed during the year ending Oct. 31, 1896,
. 263
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,182


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

64

REPORT OF THE

[Pub. Doc.

Brighton Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),...........................................................................................................$2,748 62
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
169,728 20
Number of s a m e , ................................................................................. 4,104
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
144,161 89
Number of s a m e , .................................................................................2,429
Date of examination by commissioner : March 23.


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

No. 8.]

65

SAYINGS BANK COMMISSIONERS.

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

Incorporated March 2, 1846.

Present number of corporators, 77.

J oseph E . W il b a r , President.
A lfred C. P l a c e , Treasurer.
A lf red C. P lac e , Clerk o f the Corporation.

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

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

B

alance

Sheet O ctober

31, 1896.

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,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

00

$1,170,000
50.000
358.000
1,12-5
570.000
50.000

00
00
00
00
00

25.000
1,525
1,193,515
877,315

00
00
00
00

192.000
56,300
629
2,288

00
98
11
54

$4,547,698 63

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

$4,320,283 58
197,100 00
27,632 93
2,682 12

/

$4,547,698 63

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


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

.

|375
5,191
40,000
10,734

52
02
00
44

66

REPORT OF THE

[Pub. Doc

Bristol County Savings Bank — Continued.
Loans on Public Funds, amount on each : —
$19,000 Fitchburg, Mass., 4s,
.
.
.
$8,000 Medford, Mass., 4s...............................................
$14,000 Newton, Mass., 4 s , .............................................
$10,000 Cambridge, Mass., 4 s , ....................................

0
1

.
.

.
.

.
.

..

.

.

.

J

.

.

.

.1
1

;

;

;

; j-

.

.

.

.j

$50,000 00

Loans on Bank Stock, amount on each : —
5 shares Merchants’ National Bank, New Bedford, .
5 shares First National Bank, New Bedford,
3 shares National Bank of Commerce, New Bedford,
2 shares Mechanics’ National Bank, New Bedford, .
9 shares Bristol County National Bank, Taunton,

$900 00
225 00

Detailed Statement o f Public Funds.


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

$50,000
30.000
20.000
50,000
100,000
50,000
50,000
20,000
50,000
10,000
25,000
50,000
50,000
25,000
20,000
50,000
25,000
25,000
35.000
15.000
30,000
10,000
50,000
20,000
50,000
20,000
20,000
50,000
50,000
50,000
20,000
50,000

o
o
o
o

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

Estimated
Market Value.
O'

Par Value.

00

1 51,750 00
51,000
100,000
50,000
50,000
20,000
52,000
10,000
25,250
52,000
51,000
25,000
20,200
51,000
25,750
25,000

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

^ 52,500 00
30.600
10,100
52,000
20,000
52.250
20,200
21,000
50,000
50,000
50,000
20,200
58,000

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

Amount Invested.

$50,000
30,000
l 20,000
50,000
100,000
50,000
50,000
20,000
50,000
10,000
25,000
50,000
50,000
25,000
20,000
50,000
25,000
25,000
<; 35,000
i 15,000
30,000
10,000
50,000
20,000
50,000
20,000
20,000
50,000
50,000
50,000
20,000
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

$1,170,000 $1,196,800 00 $1,170,000 00
* Legal investments when made.

No. 8.]

67

SAYINGS BANK COMMISSIONERS

Bristol County Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

100
100
100
50
50
25
100
100
100
50
100
100
150
100
50
100
50
150
100
100
100
100
50
100
100
100
100
50
100
25
100
50
30
100
150
150
100

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston, .
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Freeman’s N’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,.
National Union Bank, Boston,.
North National Bank, Boston, .
Peoples’ 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 National Bank, Easton, .
Bristol Co. N’l Bank,Taunton,
Machinists’ N’l Bank, Taunton,
Tauuton Nat’l Bank, Taunton,
Third Nat’l Bank, Springfield,


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

f 10,000
10,000
10,000
5,000
5,000
2.500
10,000
10,000
10,000
5,000
10,000
10,000
15,000
10,000
5,000
10,000
5,000
15,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
10,000
5,000
10,000
2,500
10,000
5,000
3,000
10,000
15,000
15,000
10,000
$328,000

Estimated
Market Value.

$10,900
11,300
8,800
6,150
4,750
2,950
7,800
12,800
23,000
4,300
10,000
8,700
21,750
8,900
5,150
10,500
4,850
17,400
13,800
7,000
12,300
10,400
7,000
12,900
10,000
13,600
17,400
5,350
10,500
2,150
10,000
5,300
4,200
12,500
23,200
21,700
18,000

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

Amount Invested.

$10,000
10,000
10,000
5,000
5,000
2,500
10,000
10,000
20,000
5,000
10,000
10,000
23,000
10,000
5,000
10,000
5,000
15,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
15,000
5,000
10,000
2,500
10,000
5,000
3,000
10,000
22,000
15,000
10,000

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

$397,300 00 $358,000 00

68

REPORT OF THE

[Pub. Doc.

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

Par Value.

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

$50,000
50,000
50,000
50,000
15,000
50,000
60,000
25,000
150,000
20,000
50,000

Estimated
Market Value.

$55,000
50,500
51,000
52,000
15,000
50,200
63,600
26,000
153,000
20,800
50,000

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

$50,000
50,000
50,000
50,000
15,000
50,000
60,000
25,000
150,000
20,000
50,000

00
00
00
00
00
00
00
00
00
00
00

$570,000 $587,100 00 . $570,000 00

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

Rate.

Amount.

$ 1 0 ,7 3 4
5,566
60,000
70,000
50,000
226,200

44
54
00
00
00
00

1 ^ per cent.
2
3|
4
4|

4j

“

Amount.

$ 1 9 6 ,5 0 0
219,000
75.000
429,500
25.000

Rate.

00
00
00
00
00

4^ per cent.
4|
“
4J
5
51

“
“
“

Amount.

$ 2 8 ,0 0 0
140,410
822,645
2 5,000
3 6,700

Rate.

00
00
00
00
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, 1896,
Yalue, by books, of other real estate, held or owned by foreclosure or other­
wise...........................................................................................................................
Assessed value of the same, .
........................................................................
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, . 682
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 723
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896.....................................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.


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

51 per cent.
5h
“
6
“
61
“
6A
“

$ 2 5 ,0 0 0
30,000
30,200
750

00
00
00
00

1,525 00
1,500 00
100 00
6 1 5,735 00

209,542 09

No. 8.]

SAYINGS BANK COMMISSIONERS.

69

Bristol County Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $82,054 52 ?
256 00
during the year ending Oct. 31, 1896,.
.
1 2 per cent., 83,201 48 >
’
Number of accounts opened during the year ending Oct. 31, 1896,
1,228
Number of accounts closed during the year ending Oct. 31, 1896,
1,018
Total number of open accounts Oct. 31, 1896,
.
.
.
.
10,828
Total expenses of the corporation for the year ending Oct. 31,1896 (exclu­
sive of taxes),
...................................................................................................
8,630 61
Amount of deposits, not including dividends, received during the year end>
ing Oct. 31, 1896,...................................................................................................
620,279 80
Number of s a m e , ..........................................................................................8,248
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
686,890 95
Number of same................................................................................................8,036
Date of examination by commissioner : May 29.


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Federal Reserve Bank of St. Louis

70

REPORT OF THE

[Pub. Doc.

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, 23.

A lfred A . L a m p r e y , President.
G il b e r t E . H ood, 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. A . L a m p r e y ,
W . F. R utter ,

A. A . C u r r ie r ,
J. W . H ig g in s .

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

______

\

B

alance

Sh e e t O c t o b e r

A ssets.

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

31, 1896.

L ia b il it ie s .

$191,500
10,000
119.000
76,650
246.000
598,785
354,750

00
00
00
00
00
00
00

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

$1,526,546 72
57,400 00
29,831 40
20,627 83

2,000 00

33,937 99
1,782 96
$1,634,405 95

$1,634,405 95

Cash on Deposit in Banks, amount in each: —
.
Lawrence National Bank, L aw rence,............................................. ........
Arlington National Bank, Lawrence....................................................................

$13,937 99
20,000 00

Loan on Public Funds: —
$10,150 City of Malden, Mass., 4 s , ............................................................... $10,000 00
Loans on Bank Stock, amount on each : —
134 shares Bay State National Bank, Lawrence,....................................................$10,000 00
50 shares Arlington National Bank, Lawrence,............................................
3,500 00
33 shares Arlington National Bank, Lawrence,.........................................i
12 shares Lawrence National Bank, Lawrence................................................ j
4,500 00
2 shares Lawrence National Bank, Lawrence,............................................
200 00
10 shares Lawrence National Bank, Lawrence,............................................
300 00
29 shares Lawrence National Bank, Lawrence,............................................
1,800 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

71

Broadway Savings Bank — Continued.
$500 00

15 shares Lawrence National Bank, Lawrence, .
200 shares Broadway National Bank, Boston,
163 shares Hancock National Bank, Boston,
150 shares Mechanics’ National Bank, Boston, .
35 shares Merchants’ National Bank, Lawrence,
6 shares Andover National Bank, Andover,
100 shares Methuen National Bank, Methuen, .
6 shares Methuen National Bank, Methuen, .

20,000 00
10,000 00
14,000 00
3,500 00

8,000 00
350 00

Detailed Statement o f Public Funds.

Par Value.

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

Estimated
Market Value.

$500
25,000
25,000
60,000
15,000
5,000
24,000
14,000
10,000
2,000
1,000
10,000

$515
25,250
26,000
60,600
15,600
5,125
24,660
14,280
10,300
2,000
1,010
10,500

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

$191,500 $195,840 00

Amount Invested.

$500
25,000
25,000
60,000
15,000
5,000
24,000
14,000
10,000
2,000
1,000
10,000

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

$191,500 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

50
50
33
50
50
50
50
100
50
44
50
15
33
76

Par Value.

Eliot National Bank, Boston,
Everett Nat’l Bank, Boston, .
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ Nat’l Bank,
Boston,
.
.
.
.
Market Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B'k of No. America, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’ l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested,

$5,000
5,000
3,300
5,000
5,000

$6,000
3,950
2,739
5,150
4,250

00
00
00
00
00

$5,000
5,000
3,300
5,000
5,000

00
00
00
00
00

5,000
5,000
10,000
5,000
4,400
5,000
1,500
3,300
7,600

5,000
3,750
11,100
4,850
3,300
3,500
1,575
3,234
8,208

00
00
00
00
00
00
00
00
00

5,000
5,000
10,000
5,000
4,400
5,000
1,500
3,300
7,600

00
00
00
00
00
00
00
00
00

72

REPORT OF THE

[Pub. Doc

Broadway Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

66
50
100
85
64
140

Par Value.

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

$6,600
5,000
10,000
8,500
4,800
14,000
$119,000

Estimated
Market Value.

$5,676
5,300
10,700
6,340
7,680
17,500

Amount Invested.

00
00
00
00
00
00

$6,600
5,000
10,000
8,500
4,800
14,000

00
00
00
00
00
00

$119,802 00 $119,000 00

Detailed Statement o f Railroad Bonds.

Par Value.

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

$10,000
50.000
10.000
50.000
50.000
50.000
25.000
1,000
$246,000

Estimated
Market Value.

$10,600
50.500
10,200
51.750
50.500
53.750
25.750
1,030

00
00
00
00
00
00
00
00

$254,080 00

Amount Invested.

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

00
00
00
00
00
00
00
00

$246,000 00

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

Rate.

$13,937 99

3£ per cent.
4
“
44
“
H
“
4|
“

20,000 00

35.000 00
45.000 00
70.000 00

Amount.

$25,000 00
648,335 00

20,000 00
36,700 00

Rate.

4g- per cent.
5
“
54
“
5à
“

Amount,

$ 10,000
148,855
445
2,850

Rate.

00

00
00
00

5| per cent.
“
64
“
7

6

Number of loans which are of an amount not exceeding $ 3,000 each, . 254
Aggregate amount of the s a m e , ........................................................................ $337,035 00
Total number of loans upon real e s t a t e , .............................................289
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
75 722 23
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BAN K COMMISSIONERS

73

Broadway Savings Bank — Concluded.
Rate and amount of each semi-annual dividend ( 2 per cent., $28,406 09 i
$57,509 54
during the year ending Oct. 31, 1896, .
.
< 2 per cent.,
29,103 45 }
Number of accounts opened during the year ending Oct. 31, 1896,
. 799
Number of accounts closed during the year ending Oct. 31, 1896,
. 738
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,548
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
5,041 47
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
350,820 26
ing Oct. 31, 1896,..................................................................................................
Number of s a m e , ................................................................................ 4,322
Amount of withdrawals, including dividends, during the year ending Oct.
349,514 40
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , .................................................................................3,005
Date of examination by commissioner: February 28.


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Federal Reserve Bank of St. Louis

74

REPORT OF THE

[Pub. Doc.

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

Incorporated March 3, 1881.

Present number of corporators, 50.

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 , 75•easurer.
W i l l i a m W . C r o ss , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
D a v is S. P a c k a r d ,
G a r d n e r J. K i n g m a n ,

A . C r a n st o n T h o m p so n ,
E nos H . R e y n o l d s ,

B r a d f o r d E . J o n es.

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

B

alance

Sheet O ctober

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses),
.
.
.
.
.
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
P rem ium s,....................................
Furniture and fixtures,
Suspense account,
Cash on hand,
.
.
.
.

a .m .

to 2

p .m .

31, 1896.

L ia b il it ie s .

$326,980
19,900
232,000
25.000

00
00
00
00

88.000 00
2,462
998,450
343,250
66,202
422
10,635
5,000
118
3,919

57
00
00
99
54
05
00
86
41

$2,122,341 42

; Saturdays,

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Uncompleted mort­
gage loans, .
Real estate income
account (rents), .

,

$2,036,691 13
67,100 00
2,195 04

10,000 00
6,000 00
355 25

$2,122,341 42

Cash on Deposit in Banks, amount in each: —
Brockton National Bank, Brockton,
.
.
Home National Bank, Brockton, .
Massachusetts Loan and Trust Company, Boston,


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Federal Reserve Bank of St. Louis

$25,676 86
30,037 47
10,488 66

No. 8.]

75

SAYINGS BANK COMMISSIONERS.

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

Par Value.

City of Biddeford, Me., 4s,
of Brockton, Mass., 4s, .
of Brockton, Mass., 5s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Fall River, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Somerville, Mass., 4 s,.
Town of Middleborough, Mass., 4s,
County of Aroostook, Me., 4£s,
of Middlesex, Mass., 4s,
District of Columbia 6s, .
District of Columbia 7s, .

$1,000
152,280
5,700
25,000
5,000
25,000
35,000
21,000
5,000
12,000
30,000
7,000
3,000

Estimated
Market Value.

$1,000
154,622
5,950
26,750
5,055
26,500
35,700
21,365
5,125
12,600
30,300
7,840
3,420

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

$326,980 $336,227 00

Amount Invested,

$1,000
152,280
5,700
25,000
5,000
25,000
35,000
21,000
5,000
12,000
30,000
7,000
3,000

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

$326,980 00

* A legal investment when made.

1 1

Mo. o f
Shares.

Detailed Statement o f Bank Stocks.

\

Par Value.

10
10
100
9
50
20

N’l B’k of No. America, Boston,
Shawmut Nat’l Bank, Boston,.
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Brockton Nat’l B’k, Brockton,.
Home JS'at’l Bank, Brockton, .

$1,000
1,000
10,000
900
5,000
2,000
$19,900

Estimated
Market Value.

$970
1,080
8,700
756
6,250
3,800

00
00
00
00
00
00

$21,556 00

Amount Invested.

$1,000
1,000
10,000
900
5,000
2,000

00
00
00
00
00
00

$19,900 00

Detailed Statement o f Railroad Bonds.

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


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

$1,000
10,000
1,000

$1,120 00
10,150 00
1,020 00

Amount Invested.

$1,000 00
10,000 00
1,000 00

76

REPOET OF THE

[Pub. Doc

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

Boston & Maine R.R. 4s,
Boston, Revere Beach & Lynn R.R. 6s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 5s, .
Maine Central R.R. 6s, .
Maine Central R.R. 7s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6s,.
Penobscot Shore Line R.R. 4s,
St. Johnsbury & Lake Champlain
R.R. 5 s,...........................................
Vermont & Massachusetts R.R. 5 s ,.
Worcester, Nashua & Roch. R.R. 4s,

$30,000
4.000
20,000
40.000
3.000
25.000
6.000
20.000
5.000
20,000

Estimated
Market Value.

$30,450
4,000
20,600
41,265
3,225
33.500
6,300
20,600
5,050
20,000

25.000
9.000
13.000
$232,000

Amount Invested.

00
00
00
00
00
00
00
00
00
00

$30,000
4.000
20,000
40.000
3.000
25.000
6.000
20.000
5.000
20,000

29.500 00
9,540 00
13,240 00

00
00
00
00
00
00
00*
00
00
00

25.000 00
9.000 00
13.000 00

$249,560 00 $232,000 00

* A legal investment when made.

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

$ 5 5 ,7 1 4
10,488
25,000
115,500

Kate.

33
66
00
00

2 per cent.
2i
“
4|
H

“
“

Amount.

$ 8 0 ,0 0 0 00
669,475 00
61,450 00

Rate.

Amount.

Rate.

4| per cent.
5
“

$ 3 8 6 ,3 2 5 00
26,500 00
2,450 00

6 per cent.
6i

Si

“

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, 1896,
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.................................................................................
...............................................................
Assessed value of the same, .
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $ 3,000 each,. 428
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 463
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
Times for the dividends fixed by the by-laws: April 15 and October 15.


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Federal Reserve Bank of St. Louis

7

$ 88,000 00
100,000 00
9 6,750 00
2,571 41
2 ,462 57

1,700 00
52 38
4 7 3 ,9 0 0 00

97,117 72

No. 8.]

SAVINGS BANK COMMISSIONERS.

77

Brockton Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $36,296 78 1
$73,631 39
during the year ending Oct. 31,1896,.
.
. 1 2 per cent, 37,334 6 1 J
Number of accounts opened during the year ending Oct. 31, 1896,
1,765
Number of accounts closed during the year ending Oct. 31, 1896,
1,321
Total number of open accounts Oct. 31, 1896,
.
.
.
.
9,483
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
6,750 35
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
647,837 39
ending Oct. 31, 1 8 9 6 ,..........................................................................................
Number of same...................................................................................... 11,537
Amount of withdrawals, including dividends, during the year ending Oct.
633,734 81
31, 1896....................................................................................................................
Number of same........................................................... ........
9,595
Date of examination by commissioner: March 13.


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Federal Reserve Bank of St. Louis

78

[Pub. Doc

REPORT OF THE

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 i a m

Present number of corporators, 38.

H. L in c o l n , President.
W i l l i a m E. L in c o l n , Treasurer.
W i l l i a m E. L in c o l n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a s . H. S t e a r n s ,
T h o m a s P. R i t c h i e ,
N a t h a n ie l L y f o r d ,

B. W . N eal,
B e n j . F. B a k e r ,
W i l l i a m E. L in c o l n .

Open for business every business day, 9 a . m . to 1 p . m . ; Mondays and Wednesdays,
3 to 5 p .m . ; Saturdays, 6 to 8 p . m .

B

A

ala n ce

Sh

eet

Octo ber

L ia b il it ie s .

ssets.

Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on railroad stock,
Real estate (for banking pur­
poses)...........................................
Loans on real estate, .
.
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Expense account,
Taxes paid......................................
Cash on hand, .
.
.
.

31, 1896.

$102,451 05
29,995 75
45.000 00

2,000 00
7,231 36
712,766 50
172,300 00
40.000
12,919
834
699
702

Deposits, .
Guaranty fund,
Interest account,
Uncompleted mort­
gage loans, .

$1,094.138 57
19,422 00
11,339 77

2,000 00

00
00
45
82
41

$1,126,900 34

$1,126,900 34

Cash on Deposit in Banks, amount in each: —
Central National Bank, B o s to n ,........................................................................ $4,060 80
Shawmut National Bank, B o s t o n , ...............................................................
5,486 84
Brookline National Bank, Brookline,...............................................................
3,371 36
Loan on Railroad Stock : —
15 shares Boston & Albany R.R.


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Federal Reserve Bank of St. Louis

$ 2,000 00

No. 8.]

79

SAYINGS BANK COMMISSIONERS

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

Par Value.

Town of Brookline, Mass., 3is,
of Brookline, Mass., 3T9gS,
of Brookline, Mass., 3fs,
of Brookline, Mass., 4s,
of Brookline, Mass., 7s,
United States 4s
. . .

$2,000
25,000
18,100
38.400
4,000
13.400
$100,900

Estimated
Harket Value.

$2,000
25,000
18,100
38,592
4,120
15,812

00
00
00
00
00
00

$103,624 00

Amount Invested.

$2,000
25,000
18,100
38,400
4,000
14,951

00
00
00
00
00
05

$102,451 05

j Mo. o f
Shares.

Detailed Statement o f Bank Stocks.

75
50
12
37
15
58
20

Par Value.

Central Nat’l Bank, Boston, .
National City Bank, Boston, .
National Eagle Bank, Boston,
National Revere Bank, Boston,
Tremont Nat’l Bank, Boston, .
Third Nat’ l Bank, Boston,
Brookline Nat’l Bank, Brook­
line,
...................................

$7,500
5,000
1,200
3,700
1,500
5,800

Estimated
Market Value.

$8,625
3,750
840
2,960
1,260
5,046

00
00
00
00
00
00

Amount Invested.

$11,400
5,000
1,200
3,700
1,500
5,195

00
00
00
00
00
75

2,000

2,600 00

2,000 00

$26,700

$25,081 00

$29,995 75

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$10,000
10,000
15,000

$11,400 00
9,900 00
15,825 00

$10,000 00
10,000 00
15,000 00

10,000

11,800 00

10,000 00

$45,000

$48,925 00

$45,000 00

Par Value.

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


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Federal Reserve Bank of St. Louis

80

[Pub. Doc.

REPOET OF THE

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

Amount.

Rate.

2 per cent.

$632,316 50
55,000 00
42,500 00

5 per cent.
5i
“
5£
“

Amount.

$12,919 00

20,000 00
53,500 00
25,000 00

4i
4£

“
“

4|

“

Amonnt,

$83,750 00

10,000 00
5,000 00

Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the s a m e , ........................................................................
Assessed value of the sam e,.................................................................................
Net income received from same during year ending Oct. 31, 1896, .
.
Number of loans which are of an amount not exceeding $3,000 each, 96
Aggregate amount of the s a m e ,........................................................................
Total number of loans upon real e s t a t e , ............................................. 176
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31,1896, ........................................................................
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., $17,929 57 )
during the year ending Oct. 31, 1896,
.
( 2 per cent., 19,366 40 i
Number of accounts opened during the year ending Oct. 31, 1896,
1,162
Number of accounts closed during the year ending Oct. 31, 1896,
739
Total number of open accounts Oct. 31, 1896,
.
.
.
.
5,678
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1896,..........................................................................................
Number of s a m e ,.................................................................................8,610
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 6 , ...................................................................................................
Number of s a m e ,.................................................................................4,186
Date of examination by commissioner: March 3.


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Federal Reserve Bank of St. Louis

Rate.

6 per cent.
6h
“
7

“

$7,231
7,500
6,100
166

36
00
00
80

151,150 00

47,477 69

^ 295 97
’

3,616 59
309,570 70

290,956 56


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Federal Reserve Bank of St. Louis

82

[Pub. Doc

REPORT OF THE

Cambridge Savings Bank — Continued.
Loans on Railroad Bonds, amount on each
$1,000 Old Colony R .R. 6s, .
$3,000 Maine Central R .R . 7s,
$4,000 City of Bangor 6s,
. .

$800 00

6,000 00

.

Loan on Railroad Stock: —
60 shares Boston & Maine R . R . , ........................................................................ $6,200 00

Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass , os,
of Bridgeport, Ct., 4s,
of Cambridge, Mass., 4s, .
of Cambridge, Mass., 6 s ,.
of Chicago, 111., 6s, .
.
.
of Chicago, 111., 7s, .
of Cleveland, Ohio, 5s, .
of Dover, N. H., 4s, .
of Fall River, Mass., 6s, .
of Fort Wayne, Inch, 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,
of Waltham, Mass., 4s, .
Town of Brookline, Mass., 4s,
of Mansfield, Mass., 4s,
of Marblehead, Mass., 4s,
of Marshfield, Mass., 4s,
of Westborough, Mass., 5s, .
of Westport, Mass., 4 s ,.

$2,000
25,000
25,000
8,000
5,000
8,000
9,000
10,000
20,000
1,000
25,000
40,000
25,000
27,000
25,000
1,000
1,000
7,000
10,000
9,500
1,000
55,000
14,000
16,000

Estimated
Market Value.

$2,200
26,000
26,500
9,100
5,050
8,490
9,380
10,150
22,800
1,040
26,250
40,200
25,250
28,325
25,875
1,035
1,190
7,000
10,050
9,595
1,030
55,000
15,540
16,000

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

Amount Invested,

$2,000
25,000
25,000
8,000
5,000
8,000
9,000
10,000
20,000
1,000
25,000
40,000
25,000
27,000
25,000
1,000
1,000
7,000
10,000
9,500
1,000
55,000
14,000
16,000

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

$369,500 $383,050 00 $369,500 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

159
225
18
107
42

Par Value.

Atlas National Bank, Boston, .
Boston National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N!1 B’k, Boston, .


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

$15,900
22,500
1,800
10,700
4,200

Estimated
Market Value.

$18,126
19,912
1,800
12,840
5,313

00
00
00
00
00

Amount Invested.

$17,500
22,500
1,800
12,400
5,000

00
00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS

83

Cambridge Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

9
69
93
126
58
194
125
11
11
28
146
30
5
10
50
96
100
58
42
60
50
46
50

Tar Value.

Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,.
Nat'l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Rockland Bank, Boston,.
National Union Bank, Boston,.
Shawmut Nat’l Bank, Boston, .
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Third Nat’l 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, .

$900
6,900
9,300
12,600
5,800
19,400
12,500
1,100
1,100
2,800
11,600
3,000
500
1,000
5,000
9,600
10,000
5,800

Estimated
Market Value.

$783
5,796
9,765
11,025
4,437
28,130
13,750
770
1,364
2,954
11,680
4,125
650
1,080
5,300
10,272
8,750
4,872

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

Amount Invested.

$900
6,900
9,300
12,600
5,800
27,400
13,400
1,100
1,100
2,800
14,600
4,000
500
1,000
5,000
10,000
10,000
5,800

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

4,200
6,000

6,300 00
9,180 00

5,100 00
7,400 00

5,000
4,600
5,000

3,750 00
4,140 00
6,250 00

5,000 00
4,600 00
6,500 00

$201,800

$213,114 00 $220,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 5s,
Boston & Maine R R. 4«, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R R 4s,
Fitchburg R R. 4^s, .
.
.
.
Fitchburg R.R. 5s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 4is, .
Maine Central R.R. 7s, .
Penobscot Shore Line R.R. 4s,
Portland & Ogdensburg R.R. 6s,
Upper Coos R.R. 4is,
Vermont & Massachusetts R.R. 5s, .


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

$3,000
25,000
26,000
25,000
50,000
125,000
6,000
25,000
16,500
25,000
9,000
25,000
2,000
$362,500

Estimated
Market Value.

$3,060
25,500
26,260
25,750
49,750
134,375
6,060
26,500
22,110
24,625
9,630
26,250
2,120

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

Amount Invested.

$3,000
25,000
26,000
25,000
50,000
125,000
6,000
25,000
16,500
25,000
9,000
25,000
2,000

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

$381,990 00 $362,500 00

[Pub. Doc

REPORT OF THE

84

C a m b rid g e Savings B a n k — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Bate.

Amount.

$23,234
125,450
163,000
24,000

27
00
00
00

3
4

per cent.

H
4|

“

Amount.

$546,950
1,417,591
37,948
131,039

Bate.

00
00
00
00

44 per cent.
5
“
54
“
62
“

Bate.

Amount.

$26,050 00
75,050 00
1,000 00

64 per cent.
7

74

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, 346
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 487
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 ,........................................................................
Times for the dividends fixed by the by-laws: fourth Thursday in Jan­
uary and July.
Rate and amount of each semi-annual dividend f 2 per cent., $63,940 75 1
during the year ending Oct. 31, 1896,
.
I 14 per cent, 48,346 57 1
Number of accounts opened during the year ending Oct. 31, 1896,
1,085
Number of accounts closed during the year ending Oct. 31, 1896,
956
Total number of open accounts Oct. 31, 1896,
.
.
.
.
9,619
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1896,..........................................................................................
Number of s a m e ,................................................................................. 10,243
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of same
........................................................................ 9,449
Date of examination by commissioner: March 12.


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

“

$15,074 64
17,900 00
402,790 00

167,937 12

112,287 32

8,180 83
582,262 23

686,883 04

No. 8.]

85

SAVINGS BANK COMMISSIONERS.

CA M BR IDGEPOR T S A V IN G S

Incorporated Feb. 22, 1853.

B A N K — CAM BR ID G EPO R T.

Present number of corporators, 21.

D a n ie l U . C h a m b e r l i n , President.

H

en ry

W . B o 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:
A sa P. M o r s e ,

D a n ie l U. C h a m b e r l i n ,
D ana W . H y d e .

Open for business every business day, 8.30 a . m . to 1 30 p . m ; 6 to 8 p . m . the first
Saturday of each month.

B

alance

Sh eet O ctober

L ia b il it ie s ,

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, n
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.

31,1896.

$1,831,911
80,000
92,725
243,005
35,730
1,543,512
150,875

00
55
37

35

32,000
117,507
2,107
5,666

00
31
05
15

00

Deposits, .
Guaranty fund,
Interest account,

v

$3,912,005 42
175,000 00
48,635 22

86
00

$4,135,640 64

$4,135,640 64

Cash on Deposit in Banks, amount in each: —
Cambridgeport National Bank, Cambridge,
.
.
.
.
.
.
First National Bank, C a m b r i d g e , ...............................................................
National City Bank, Cambridge,........................................................................

$30,000 00
67,507 31
20,000 00

Loans on Public Funds, amount on each : —
$45,000 City of Providence, R .I., 4 s , ...............................................................$45,000 00
$30,000 City of Cambridge, Mass., 4 s , ...............................................................1
$2,000 United States 4 s , .................................................................................I
$3,000 Town of Winchester, Mass., 4 s , ...................................................... I
35,000 00
$2,000 City of Newton, Mass., 4s..................................................... .........
.J


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

86

[Pub. Doc

REPORT OF TUE

C a m b rid g e p o rt Savin gs B a n k — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Par Value.

City of Bangor, Me., 4s, .
of Boston, Mass., 5s,
of Boston, Mass , 6s,
of Cambridge, Mass ,4s,.
of Chicago, 111., 7s, .
of Cleveland, Ohio, 3.65s,
of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
of Dayton, Ohio, 6s,
of Dover, N. II., 4 s ,.
of Fall River, Mass., 4£s,.
of Grand Rapids, Mich., 4s,
of Grand Rapids,Mich.,4|s,
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 4s,
of New Bedford, Mass.,5s,
of New Britain, Conn ,4s,
of Newton, Mass., 6s,
of Pawtucket, R I., 4s, .
of Peoria, 111, 4^s, .
of Providence, R. I., 5s, .
of Reading, Pa , 4s, .
of Somerville, Mass., 4s, .
of Springfield, Mass., 7 s ,,
of Springfield, Ohio, 4^s,.
of Woburn, Mass., 4s,
of Worcester, Mass., 5s, .
Town of Arlington, Mass , 4 s,.
of Beverly, Mass., 4s, .
of E. Providence, R.I., 4s,
of Kingston, Mass., 4s, .
of Lincoln, R. I., 4s,
of Maynard, Mass , 4s, .
of Rockland, Mass., 4s,.
of So. Abington,Mass.,4s,
of Weymouth, Mass.,4s.
of Woonsocket, R.I.,4s,


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

$50,000
70,911
9,000
277,000
1,000
7,000
14,000
50,000
4,000
40,000
50,000
40,000
22,000
40,000
19,000
* 50,000
58,000
50,000
50,000
25,000
5,000
5,000
3,000
100,000
50,000
100,000
55,000
36,000
15,000
50,000
53,000
20,000
11,000
112,000
50,000
27,000
25,000
40,000
48,000
19,000
31,000
50,000

00
35
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$50,000
73,984
10,226
285,975
1,075
7,000
14,192
53,312
4,120
40,000
50,000
42,093
22,000
41,300
19,000
52,812
58,942
53,000
50,875
25,000
5,275
5,000
3,525
100,000
52,250
112,250
55,412
36,405
15,693
52,874
53,000
21,975
11,316
114,430
50,000
27,506
25,000
41,500
48,660
19,593
32,007
50,000

00
13
25
00
00
00
50
50
00
00
00
75
00
00
00
50
50
00
00
00
00
00
00
00
00
00
50
00
75
00
00
00
25
00
00
25
00
00
00
75
50
00

Amount Invested.

$50,000
70,911
9,000
277,000
1,000
7,000
14,000
50,000
4,000
40,000
50,000
40,000
22,000
40,000
19,000
50,000
58,000
50,000
50,000
25,000
5,000
5,000
3,000
100,000
50,000
100,000
55,000
36,000
15,000
50,000
53,000
20,000
11,000
112 000
50,000
27,000
25,000
40,000
48,000
19,000
31,000
50,000

00
35
00
00
00
00
00
00
00
00*
00*
00*
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00

$1,831,911 35 $1,888,584 13 $1,831,911 35
*

Legal investments when made.

No. 8.]

87

SAVINGS BANK COMMISSIONERS.

C a m b rid g e p o rt Savings B a n k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

33
40
50
100
56
206
50
100
50
50
40
100
14

Estimated
Market Value.

Par Valile.

Amount Invested.

$3,300
4,000
5,000
10,000
5,600
20,600
5,000
10,000
5,000
5,000

25
00
00
00
00
00
50
00
50
50

00
00
00
00
00
00
00
00
00
00

$3,300
4,000
5,000
10,000
5,600
20,600
5,000
10,000
5,000
5,000

$2,846
4,880
4,200
10,550
6,300
26,780
4,937
10,700
4,212
5,087

4,000
10,000
1,400

4,800 00
18,000 00
2,310 00

4,000 00
13,825 00
1,400 00

$88,900 $105,603 75

$92,725 00

Blackstone N’l Bank, Boston,.
Eliot National Bank, Boston, .
Globe Nat’ l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
N’l B’k of Commerce, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Tremont Nat’ l Bank, Boston, .
Washington N’l Bank, Boston,
Cambridgeport Nat’ l Bank,
Cambridge,
First Nat’ l Bank, Cambridge,
Nat’l City Bank, Cambridge, .

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Par Value.

Boston & Maine R R. 4s,
Eastern R.R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R R. 5s, .
Old Colony R.R 4s,.
Old Colony R.R. 6s,.
Vermont & Massachusetts R.R.
5 s , ...................................

$25,000
32,605
50,000
22,000
50,000
4,000

$25,625
38,474
50,000
23,197
50,437
4,050

00
55
00
00
00
00

Amount Invested,

00
54
00
50
50
00

$25,000
32,605
50,000
22,000
50,000
4,000

00
55
00
00
00
00

60,000 00

63,375 00

60,000 00

$243,605 55

$255,159 54

$243,605 55

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

Amount.

Bate.

Amount.

Bate.

$117,507 31
46,500 00
85,000 00

2 per cent.

$195,000 00
1,401,733 05
9,800 00

4£ per cent.
5

4
4i

“
“


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

%

“

Bate.

Amount.

$32,804 81
550 00
35,000 00

6

6J
7

per cent.

“

88

REPORT OF THE

[Pub. Doc.

C a m b rid g e p o rt Savin gs B a n k — 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, . 435
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate,
.
.
.
.
.
.
556
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: third Wednesday in January
and July.
Eate and amount of each semi-annual dividend f 2 per cent., $73,056 78 )
during the year ending Oct. 31, 1896, .
.
( 2 per cent., 74,358 05 J
Number of accounts opened during the year ending Oct. 31, 1896,
1,415
Number of accounts closed during the year ending Oct. 31, 1896,
. 916
Total number of open accounts Oct. 31, 1896,
.
.
.
.
12,528
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,..................................................................................................
Number of s a m e , .................................................................................12,821
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of same.......................................................................................10,463
Date of examination by commissioner: April 16.


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

$35,730 37
43,200 00
608,333 05
24,193 73
182,659 33

147,414 83

6,884 24
681,687 69

732,614 88

No. 8.]

89

SAYINGS BANK COMMISSIONERS

CA N T O N IN S T IT U T IO N FOR S A V IN G S — CA N TO N .

Incorporated March 4, 1835.

Present number of corporators, 28.

C h a r l e s E n d ic o t t , President.
N a t h a n ie l W . D u n b a r , Treasurer.
N a t h a n ie l W . D u n b a r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W i l l i s S. S h e p a r d ,
N a t h a n ie l W . D u n b a r ,
F r a n c is D. D u n b a r ,
W il l i a m O. C h a p m a n ,
T homas E . G ro ver.

Open for business every business day, except Saturdays, 8 a .m . to 12
Saturdays, 8 a . m . to 12 m .

B

alance

Sheet O

$142,100
51,225
4,200
125,500
6,620
287,065
48,640

. ; 1.30 to 4

p .m .

;

31, 1896.

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, .
Cash on hand, .
.
.

ctober

m

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

00
00
00
00

00

$716,367 80
32,500 00
1,710 33
8,047 66

00
00

46,400 00
46,000 00
875 79
$758,625 79

$758,625 79

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ...................................................... $20,000 00
Neponset National Bank, Canton,........................................................................
26,000 00
Loan on Bank Stock : —
43 shares Neponset National Bank, Canton,.

.

.

.

.

.

$4,200 00*

* The bank has been notified that this loan In excess o f the legal limit must be reduced.


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

90

REPORT OF THE

'Pub. Doc.

C anton In s titu tio n fo r Savin gs — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

City of Lawrence, Mass., 4s, .
of Lynn, Mass., 3^s,
of New Bedford, Mass., 3is, .
of New Britain, Conn., 4s,
of Providence, R. L, 5s, .
of Woonsocket, R. I., 4s, .
Town of Canton, Mass., 4s,
of Natick, Mass., 4s,
of Orange, Mass., 4s, .
County of Hampden, Mass., 3s,

$15,000
13,500
10,000
10,000
10,000
20,000
39,000
5,000
10,000
10,000
$142,500

$15,150
13,500
10,000
10,200
11,100
20,400
40,365
5,200
10,300
9,600

00
00
00
00
00
00
00
00
00
00

$145,815 00

$15,000
13,500
10,000
10,000
10,000
20,000
39,000
5,000
10,000
9,600

00
00
00
00
00
00
00
00
00
00

$142,100 00

Detailed Statement o f Bank Stocks.

®B
'A55
25
17
25
40
33
50
50
25
17
17
25
127
50

Estimated
Market Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Market Nat’l Bank, Boston, .
N’l B’k of No. America, Boston,
National Eagle Bank, Boston,
Nat’ l Webster Bank, Boston, .
North National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Neponset Nat’l Bank, Canton,
Dedham Nat’l Bank, Dedham,

$2,500
1,700
2,500
4,000
3,300
5,000
5,000
2,500
1,700
1,700
2,500
12,700
5,000
$50,100

$2,850
1,462
2,875
3,400
2,739
3,750
4,850
1,750
1,666
1,700
2,150
13,970
5,250

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

$48,412 00

$2,500
1,700
2,500
4,000
3,300
5,000
5,000
2,500
1,700
1,700
2,500
13,825
5,000

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

$51,225 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .


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

$20,000
20,000
20,000

$20,600 00
20,500 00
20,700 00

i

$20,000 00
20,000 00
20,000 00

No. 8.]

91

SAVINGS BANK COMMISSIONERS

Canton Institution for Savings — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Concord & Montreal R.R. 4s, ,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4£s, .
.
.
.
Maine Central & European & North
American R.R. 4s,
.
.
.
Old Colony R.R. 4s,
.

Estimated
Market Value.

Amount Invested.

$10,000
5,500
20,000

$10,100 00
6,600 00
20,000 00

$10,000 00
5,500 00
20,000 00

20,000
10,000

20,200 00
10,300 00

20,000 00
10,000 00

$125,500

$129,000 00

$125,500 00

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

Bate.

Amount.

$46,000 00
36,400 00

2 per cent.
4

Amount.

$144,340 00

Kate.

5 per cent.

Kate.

Amount.

$205,565 00

6 per cent.

“

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, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 206
Aggregate amount of the s a m e ,........................................................................
Total number of loans upon real e s t a t e , .............................................207
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during year ending Oct. 31, 1 8 9 6 ,........................................................................
Times for the dividends fixed by the by-laws: first Tuesday in April and
October.
Rate and amount ofeach semi-annual dividend f 2 per cent., $13,408 23 1
during the year ending Oct. 31, 1896,
.
. i 2 per cent.,
13,597 13 >
Number of accounts opened during the 3rear ending Oct. 31, 1896, . 348
Number of accounts closed during the year ending Oct. 31, 1896,
. 234
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,550
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 6 , ..........................................................................................
Number of s a m e ,.......................................................................................... 1,435
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e ,...........................................................................................1,579
Date of examination by commissioner: February 10.


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

$6,620 00
11,300 00
348 00
200,005 00
820 00
34,674 03

27,005 36

1,183 17
105,075 28

109,853 69

92

[Pub. Doc

REPORT OF THE

C A P E A W N S A V IN G S B A N K — G L O U C E S T E R .
Incorporated April 15, 1846.

Present number of corporators, 34.

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 i e l T. B a b s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R obert R . F e a r s,
J o h n E. S o m e s ,

S y l v e s t e r C u n n in g h a m ,
J o h n C o r l is s .

Open for business every business day, 9

a . m . to 1
close at 1 p . m .

p .m .

; 2 to 3

p .m .

; during August,

B alance Sheet October 31, 1896.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
.
Loans on bank stock, .
Real estate (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,
Block income,
.
.
.
.
Real estate owned,
.
Cash on hand..................................

$4,000 00
268,600 00
250 00
62,160
84,612
1,887,982
1,130,754
300
32,172
35,027
458
677
2,750
10,477

Deposits, .
Guaranty fund,
Interest account,
Surplus, .
Taxes,
Due on mortgage
loans, .

05
51
00
26
00
30
94
77
55
00
03

$3,241,678
170,000
22,716
61,374
2,051

89
00
74
93
44

22,400 41

$3,520,222 41

$3,520,222 41

Cash on Deposit in Banks, amount in each: —
Third National Bank, Boston,
.
.
Cape Ann National Bank, Gloucester,
City National Bank, Gloucester, .
Gloucester National Bank, Gloucester,

.

.

$32,172
10,000
15,000
10,027

30
00
00
94

Loan on Bank Stock: —
4 shares Gloucester National Bank, Gloucester,.............................................


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

$250 00

No. 8.]

93

SAYINGS BANK COMMISSIONERS

Cape Ann Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

Town of Brookline, Mass., 7s,

$4,000

Estimated
Market Value.

$4,000 00

Amount Invested.

$4,000 00

Shares.

t No. o f

Detailed Statement o f Bank Stocks.

100
100
74
100
30
100
50
50
70
200
100
200
100
166
150
50
100
50
50
100
25
50
100
50
200
25
61
100
50
100

Par Value.

Atlantic Nat'l Bank, Boston, .
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston,
Central Nat’l Bank, Boston, .
Everett Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
N’l B'k of Commerce, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
Old Boston Nat’l Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
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
7,400
10,000
3,000
10,000
5,000
5,000
7,000
20,000
10,000

$10,900
11,400
6,364
11,700
2,400
8,700
4,200
5,250
6,160
29,000
11,200

00
00
00
00
00
00
00
00
00
00
00

$10,000
10,000
7,400
10,000
3,000
9,000
4,500
5,000
7,000
20,000
10,000

00
00
00
00
00
00
00
00
00
00
00

20,000
10,000
16,600
15,000
5,000
10,000
5,000
5,000
10,000
2,500
5,000
10,000
5,000
20,000
2,500
6,100
10,000
5,000
10,000

27,400
9,600
19,256
20,700
3,900
7,000
6,200
7,450
10,000
2,650
8,750
10,800
5,300
17,600
2,100
8,540
16,000
6,750
12,500

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

20,000
10,000
16,600
15,000
5,000
10,000
5,000
5,000
10,000
2,500
5,000
10,000
5,000
20,000
2,500
6,100
10,000
5,000
10,000

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

$270,100 $309,770 00 $268,600 00

94

REPORT OF THE

[Pub. Doc

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

Amount,

$32,172 30
28,300 00

Kate.

Amount.

Kate.

Amount.

Rate.

2 per cent.

$387,197 40
50,000 00

5 per cent.
5£
“

$2,553,788 86

6 per cent.

4

“

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, 1896, .
.
Value, by books, of other real estate held or owned by foreclosure or
otherwise,..........................................................................................................
Assessed value of the same..................................................................................
Net income received from same during year ending Oct.31, 1896, .
.
Number of loans which are of an amount not exceeding $3,000 each, 1,128
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .................................... 1,207
Amount of investments from which no income is received,
.
.
.
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
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., $63,362 35 1
during the year ending Oct. 31, 1896,
.
1 2 per cent., 62,416 89 i
Number of accounts opened during the year ending Oct. 31, 1896,
1,085
Number of accounts closed during the year ending Oct. 31, 1896,
1,217
Total number of open accounts Oct. 31, 1896,
.
.
.
.
9,454
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
............................................................... •
.
.
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1896,................................................................................
Number of s a m e ,................................................................................. 6,778
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , .................................... .......................................................................
Number of s a m e ,.................................................................................8,452
Date of examination by commissioner: September 18.


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

$62,160 05
61,000 00
45,000 00
602 00
87,362 51
73,400 00
1,650 00
909,130 00
150,225 00
162,369 98
^ g 7-9 24
’ ‘

7,232 48
371,361 37

555,679 59

No. 8.]

SAYINGS BANK COMMISSIONERS.

95

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.
L e v i E l d r e d g e , President.
A

ugu stu s

Present number of corporators, 59.

A ugustus C. S n o w , Treasurer.
C. S n o w , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L evi E ldredge,
A l e x a n d e r T. N e w c o m b ,

L uth e r F is k ,
E lea ze r K. Cr o w e ll,

G o d f r e y H o p k in s .

Open for business every business day, 9

B

a la n ce

Sh

eet

. to 1

p .m .

O c t o b e r 3 1 ,1 8 9 6 .

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
. i.
Railroad bonds as per schedule,
Loans on railroad stock,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses)...........................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Real estate to secure indebtedness,
Cash on hand,
.
.
.
.

a .m

L ia b il it ie s .

$ 10,000
40,721
59,089
12,510
137,331
19,500
25,000

00
65
75
00
00
00
00

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

$783,256 67
. 24,000 00
9,160 03

1,000 00
219,887 60
261,732 72
19,900 00
9,000 00

100 00

643 98

$816,416 70

$816,416 70

Cash on Deposit in Bank : —
Cape Cod National Bank, H a r w ic h ,............................................................... $9,000 00
Loans on Public Funds, amount on each : —
.
.i
$10,000 Town of Framingham N o t e , .................................... .........
$10,000 Town of Natick 4 per cent. Bonds,...................................................... }
$10,000 Town of Revere 4 per cent. Bonds,......................................................
$1,000 United States 4 s , .................................................................................
$7,000 City of Boston, Mass., 4 per cent. B o n d s , .................................... j
$5,000 City of Boston, Mass ,
per cent. Bonds,


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

$20,000 00
10,000 00
721 65

[Pub. Doc

REPORT OF THE

96

Cape Cod Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
50 shares Welden National Bank, St. Albans, V t . , .................................... $5,000 00
4,900 00
52 shares Fourth National Bank, B o s t o n ,......................................................
7 shares Cape Cod National Bank,H a r w ic h ,..............................................
700 00
5 shares Cape Cod National Bank,H a r w ic h ,..............................................
500 00
4 shares Cape Cod National Bank,Harwich, .
.
.
.
.
.
400 00
3 shares Cape Cod National Bank,H a r w i c h ,..............................................
300 00
2 shares Cape Cod National Bank,H a r w ic h ,..............................................
200 00
5 shares Cape Cod National Bank,H a r w i c h ,.............................................
150 00
3 shares Cape Cod National Bank,H a r w ic h ,.............................................
110 00
100 00
1 share Cape Cod National Bank, H a r w i c h , .............................................
1 share Cape Cod National Bank, H a r w i c h , .............................................
50 00
100 00
1 share First National Bank, Y a rm o u th ,......................................................
Loan on Railroad Stock: —
100 shares Boston & Providence R . R . , ...................................................... $19,500 00

Detailed ¡Statement o f Public Funds.
Par Value.

City of Chicago, 111., 4s, .

$10,000

Estimated
Market Value.

$10,100 00

Amount Invested.

$10,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

18
40
7
38
31
26
16
15
26
30
30
6
43
48
16
10
57
42

Par Value.

Blackstone N’l Bank, Boston, .
Everett Nat’ l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
Fourth Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston, .
N’l B’k of No. America, Boston,
N ’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut N’l Bank, Boston, .
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Cape Cod N’l Bank, Harwich,.
First Nat’l Bank, Yarmouth, .


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

Estimated
Market Value.

Amount Invested.

$1,800
4,000
700
3,800
3,100

$1,548
3,160
889
4,560
3,441

00
00
00
00
00

$2,016
3,800
931
4,191
3,674

00
00
00
25
50

2,600
1,600
1,500
2,600
3,000
3,000
600
4,300
4,800
1,600
1,000
5,700
4,200

3,510
1,532
2,070
3,172
3,150
2,400
588
4,644
5,088
1,712
840
7,125
5,250

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

2,821
1,616
1,980
3,029
3,450
3,630
650
5,031
5,676
1,930
1,275
7,866
5,523

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

$49,900

$54,679 00

$59,089 75

No 8.]

SAYINGS BANK COMMISSIONERS

97

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

Par Value.

'
Boston & Lowell R.R. 4s,
Boston & iYIaine R.R. 4 s,.
Concord & Montreal R R. 4s, .
Conn. <fc Rassumpsic Rivers R.R 4s,
Fitchburg R.R. 5s, .
.
.
.
Old Colony R.R 4s,.
Portland & Ogdensburg R.R. 6s,
Vermont & Massachusetts R.R. 5s, .

$20,000
10,000
25.000
20.000
20,000
25.000
5,000
10.000
$135,000

Estimated
Market Value.

$20,200
10.250
25.250
20,600
21,200
25,750
5,350
10,600

00
00
00
00
00
00
00
00

Amount Invested.

$20,000
10,000
25.000
20.000
20,439
26,100
5,321
10,471

00
00
00
00
00
00
00
00

$139,200 00 $137,331 00

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

$9,000 00

2,000 00

59,500 00
33,300 00

Rate.

2 per cent

4
4|
4i

“
“
“

Amount.

$9,900
104,871
85,000
37,115

00
65
00
00

Rate.

Amount.

Rate.

4| per cent.
0
“
H
“
5à
“

$183,785 76
20,860 00
62,919 56

6 per cent.
6à
“
7

Amount invested in real estate for banking purposes,.................................... $1,000 00
Estimated value of the s a m e , ........................................................................
1,200
Assessed value of the same.....................................................................................
1,200
Value, by books, of other real estate held or owned by foreclosure or other­
wise.........................................................................................................
*
100
Assessed value of the s a m e ,.................................................................................
9,900
Number of loans which are of an amount not exceeding $3,000 each,. 438
Aggregate amount of the s a m e , ........................................................................
196,912
Total number of loans upon real e s t a t e , ............................................. 361
Amount of investments from which no income is received..............................
100
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,................................................................................
37,030
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., $14,365 20 1 29 139
during year ending Oct 31,1896,
.
.
( 2 per cent., 14,773 84 1
’
Number of accounts opened during the year ending Oct 31,1896,
. 348
Number of accounts closed during the year ending Oct. 31, 1896,
. 231
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,020


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

00
00

00
00
87
00
04

04

KEPOKT OF THE

98

[Pub. Doc.

Cape Cod Five Cents Savings B an k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , .................................................................................1,449
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , .................................................................................
1,406
Date of examination by commissioner : July 9.


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

$2,695 68
129,517 55

105,559 71

No. 8.]

99

SAYINGS BANK COMMISSIONERS.

C E N T R A L SA V IN G S B A N K — L O W E L L .
Incorporated March 3, 1871.

Present number of corporators, 59.

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 :
D a n ie l S w a n ,
A rthur G. P ollard,
S a m u e l A . C h a s -e ,

H e n r y C. C h u r c h ,
A m asa P r a t t ,
P r e sc o t t C. G a t e s .

Open for business every business day, 9

a .m .

to 1 p .m .; Saturdays, 7 to 9 p . m .

B a l a n c e Sh e e t O c t o b e r

31, 1896.

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, .
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,
.

$116,800
2.400
208,900
8.400
71,000

00

00
00
00

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

$2,865,095 90
137,500 00
125,486 24

00
1,100 00

1,991,991 00
402,188 87
133,000 00

200 00
184,078 91
8,023 36
$3,128,082 14

$3,128,082 14

Cash on Deposit in Banks, amount in each : —
Appleton National Bank, L o w e l l , ............................................................... $15,000 00
First National Bank, L o w e l l , ........................................................................
25,000
Merchants’ National Bank, L o w e l l , .............................................................
80,765
Old Lowell National Bank, Lowell....................................................................
20,000
Prescott National Bank, Lowell...........................................................................
25,000
Old Colony Trust Company, Boston................................................................... 18,313 23

00

68
00
00

Loans on Public Funds, amount on each: ■—
$1,400 United States 4s,
$1,000 United States 4s,


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

'
.

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

$1,400 00
1,000 00

[Pub. Doc

REPORT OF THE

100

Central Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
13
10
2
18
5

shares Merchants’ National Bank, Lowell,
.
.
.
.
shares Wamesit National Bank, Lowell,
.
.
.
.
shares Tremont National Bank, Boston,....................................
shares North National Bank, B o s t o n ,....................................
shares First National Bank, Lowell,
.
.
.
.
.
10 shares Merchants’ National Bank, Lowell, . . . .
25 shares Old Lowell National Bank, Lowell, .
.
.
.
50 shares People’s National Bank, Swanton, Vt.,

$800 00
1,600 00
500
600
2,400
2,500

00

00
00
00

Loans on Railroad Bonds, amount on each: —
$300 00
800 00

$1,000 Concord & Montreal R .R. 4s..................................................
$1,000 Concord & Montreal R .R . 4 s , .............................................

Detailed Statement o f Public Funds.
Par Value.

City of Brockton, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Malden, Mass., 4s,
of Pawtucket, R. I., 4s, .
Town of Andover, Mass , 4s, .
of Arlington, Mass., 4s,
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
United States 5s,
. . .

Estimated
Market Value.

$5,000
15.000
3.000
6.000
5.000
5.000
10.000
3,800
7.000
7.000
50,000
$116,800

$5,325
16,000
3,067
6,345
5,143
5,425
10,150
3,876
7,416
7,507
55,500

00
00
50
00
75
00
00
00
25
50
00

Amount Invested.

$5,000
15.000
3.000
6.000
5.000
5.000
10.000
3,800
7.000
7.000
50,000

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

$125,756 00 $116,800 00

* A legal investment when made.

Detailed Statement o f Bank Stocks.
c oc 5
£

100
66

50
200
100
13
50
50
50

Par Value.

Atlantic Nat’l Bank, Boston, .
Blackstone Nat'l Bank,Boston,
Boston National Bank, Boston,
Central Nat'l Bank, Boston, .
Eliot National Bank, Boston, .
Hamilton Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston, .


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

$10,000
6,600
5,000
20,000
10,000
1,300
5,000
5,000
5,000

Estimated
Market Value.

$10,900
5,940
4,500
24,000
12,200
1,365
3,850
8,750
4,500

00
00
00
00
00
00
00
00
00

Amount Invested.

$13,600
7,600
5,600
30,000
11,500
1,300
5,000
6,700
5,000

00
00
00
00
00
00
00
00
00

No. 8.]

101

SAYINGS BANK COMMISSIONERS.

Central Savings Bank — Continued.

Ko. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

100
60
27
100
50
20
70
63
50
33
50
100
30
150
52
10
20
50

Par Value.

N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston,
Georgetown National Bank,
Georgetown,
Appleton Nat’l Bank, Lowell, .
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, .

Estimated
Market Value.

Amount Invested.

$10,000
6,000
2,700
10,000
5,000
2,000
7,000
6,300
5,000
3,300

$11,200
7,200
3,780
7,800
5,300
1,980
12,250
6,804
4,500
3,531

00
00
00
00
00
00
00
00
00
00

$10,000
8,000
3,400
10,000
5,400
2,000
10,000
8,000
5,000
3,800

00
00
00
00
00
00
00
00
00
00

5,000
10,000
3,000
15,000
5,200
1,000
2,000
5,000

5,000
12,500
4,950
22,500
6,344
1,400
2,600
6,500

00
00
00
00
00
00
00
00

5,000
15,000
4,200
18,300
6,000
1,000
2,000
6,000

00
00
00
00
00
00
00
00

$171,400

$202,144 00 $208,900 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Albany R R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s,
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 4s, .
Maine Central R.R. 7s, .
N. Y., Providence & Boston R.R. 7s,
Portland & Ogdens'ourg R.R 6s, .
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................


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

$10,000
4,000
15,000
5,000
7,000
5,000
10,000
6,000
3,000
1,000

Estimated
Market Value.

$10,637
4,120
15,656
5,181
7,131
5,081
10,000
7,860
3,172
1,065

Amount Invested.

50
$10,000
4,000
00
25
15,000
5,000
25
25
7,000
5,000
25
00 • 10,000
6,000
00
3,000
50
1,000
00

00
00
00
00
00
00
00
00
00
00

5,000

5,881 25

5,000 00

$71,000

$75,786 25

$71,000 00

102

REPORT OF THE

[Pub. Doc.

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

$99,078
20,000
65,000
107,000

Rate.

91
00
00
00

2 per cent.
2i
3
4

“
»
«

Amount.

$78,500 00
239,024 00
33,500 00

Rate.

H
4|

per cent.
“

Amount.

Rate.

$1,826,005 87
66,650 00
188,600 00

5 per cent.
oh
6
“

Number of loans which are of an amount not exceeding $3,000 each,
492
$668,639
Aggregate amount of the s a m e , .................................... ........
Total number of loans upon real e s t a t e , .............................................656
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896, .................................................................................
142,058
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., $52,504 58 1
_
during the year ending Oct. 31, 1896,
.
. t 2 per cent.,
54,344 86 i
’
Number of accounts opened during the year ending Oct. 31, 1896,
. 979
Number of accounts closed during the year ending Oct. 31, 1896,
. 970
Total number of open accounts Oct. 31, 1896....................................
6,536
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes)
..........................................................................................
7,923
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896, .
..........................................................................................
456,472
Number of s a m e , .......................................................................................... 6,184
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ...........................................................................................................
478,534
Number of s a m e , .......................................................................................... 5,514
Date of examination by commissioner: February 18.


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

67

32

25
61

75

No. 8.]

103

SAYINGS BANK COMMISSIONERS

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, 38.

M ark F. B u r n s , President.

A u g u stu s 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 :
M a r k F. B u r n s ,
G eorg e M . St a r b ir d ,
B e n ja m in

G e o r g e H. P e n d e r g a s t ,
G eorge B . N e a l ,
F. S t a c e y .

Open for business every business day, 9 a . m . to 2
3 to 5 p . m .

p .m

.

; Wednesdays and Saturdays,

B alance Sheet October 31, 1896.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad bonds, .
Real estate (for banking pur­
poses) ,
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Cash on hand.................................

L ia b il it ie s .

$316,500
694,600
21,700
633,400
850

00
00
00
00
00

70.000
49,300
2,325,095
1,863,975

00
00
28
00

Deposits, .
Guaranty fund,
Interest account,

$5,849,408 77
290,000 00
80,192 44

80.000 00
153,813 37
10,367 56
$6,219,601 21

$6,219,601 21

Cash on Deposit in Banks, amount in each: —
Fourth National Bank, Boston, .
Manufacturers’ National Bank, Boston,
Monument National Bank, Boston,
National Bank of the Republic, Boston,


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

$23,069
32,270
73,370
25,103

77
24
26
10

[Pub. Doc

REPORT OF THE

104

Charlestown Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
23
60
60
50

shares Monument National Bank, B o s t o n , .............................................$2,300 00
shares Martha’s Vineyard National Bank, Edgartown,
.
.
.
6,000 00
shares Broadway National Bank, B o s t o n , ............................................ |
gQQ qq
shares Fourth National Bank, B o s t o n ,......................................................>
8 shares Monument National Bank, B o s t o n , .............................................
800 00
18 shares Monument National Bank, B o s t o n , .............................................
1,800 00

Loan on Railroad Bonds: —
$1,000 Boston & Lowell R .R . 4 s ,........................................................................

$850 00

Detailed ¡Statement o f Public Funds.
Par Value.

City of Boston, Mass., 4s,
of Malden, Mass., 4s,
of Medford, Mass., 4s,
Town of Lexington, Mass., 4s,
of Milton, Mass., 4s,
United States 4s,

$50,000
25.000
50.000
50.000
41,500
100,000
$316,500

Estimated
Market Value.

$53,075
26,625
52,850
52,250
41,873
120,000

00
00
00
00
15
00

Amount Invested.

$50,000
25.000
50.000
50.000
41,500
100,000

00
00
00
00
00
00

$346,673 15 $316,500 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

12
200
106
42
145
250
500
300
20
150
105
242
304
250
86
224
166
263

Par Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Bunker Hill N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
First Ward N’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market National Bank, Boston,
Metropolitan N’l Bank, Boston,
Monument Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,


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

$1,200
20,000
10,600
4,200
14,500
25,000
50,000
30,000
2,000
15,000
10,500
24,200
30,400
25,000
8,600
22,400
16,600
26,300

Estimated
Market Value.

$1,320
22,800
9,142
3,764
18,088
50,125
50,250
36,600
4,680
21,050
9,135
20,328
26,752
25,000
5,136
20,160
37,350
23,488

00
00
50
25
75
00
00
00
00
00
00
00
00
00
00
CO
00
85

Amount Invested.

$1,200
20,000
10,600
4,200
14,500
25,000
50,000
30,000
2,000
14,800
10,500
23,300
30,400
24,200
8,600
22,400
16,600
26,300

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

No. 8.]

105

SAYINGS BANK COMMISSIONERS

Charlestown Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.
Par Value.

99 N’l B’k of No. America, Boston,
200 N ’l B’k of Redemption, Boston,
342 N’l B’k of the Republic, Boston,
326 National City Bank, Boston, .
370 N’l Hide & Leather B’k, Boston,
27 Nat’ l Market Bank, Brighton,.
267 National Revere Bank, Boston,
156 Nat’l Webster Bank, Boston, .
140 North National Bank, Boston,
69 Shawmut Nat’l Bank, Boston,
500 Shoe & Leather N’l B’k, Boston,
90 Suffolk National Bank, Boston,
275 Tremont Nat’l Bank, Boston, .
150 Home Nat’l Bank, Brockton, .
26 Conway Nat’l Bank, Conway,
75 Wachusett N’l B’k, Fitchburg,
75 Railroad Nat’l Bank, Lowell, .
217 First National Bank, Lynn,
67 Blue Hill Nat’l Bank, Milton,
147 Newton Nat’l Bank, New ton,.

$9,900
20,000
34,200
32,600
37,000
2,700
26,700
15,600
14,000
6,900
50,000
9,000
27,500
15,000
2,600
7,500
7,500
21,700
6,700
14,700

Estimated
Market Value.

$9,504
23,200
46,996
25,428
39,220
2,585
21,360
15,288
14,000
7,436
43,000
9,630
23,000
25,500
2,730
13,550
9,750
27,125
7,504
13,230

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

Amount Invested.

$9,900
20,000
34,200
32,100
37,000
2,700
26,700
15,600
14,000
6,900
49,500
9,000
27,500
15,000
2,600
7,500
7,500
21,700
6,700
13,900

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

$698,300 $765,206 60 $694,600 00

Detailed Statement o f Railroad Bonds.
Par Value.

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


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

$12,000
25.000
100,000
25.000
66.000
60,000
200,000
25.000
50.000
75.000

Estimated
Market Value.

$12,240
25,300
115,000
26.250
66,000
60,000
212,600
25.250
51,000
80.250

00
00
00
00
00
00
00
00
00
00

$638,000 $673,890 00

Amount Invested.

$11,700
25.000
100,000
25.000
62.000
60,000
200,000
25.000
49,700
75.000

00
00
00
00
00
00
00
00
00
00

$633,400 00

106

REPOET OF THE

[Pub. Doc

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

$98,473
55,340
35,800
50,000
583,800

Rate.

36
01
00
00
00

2

24
4*
4|

44

per cent.
“
“

“

Amount,

$155,000
55,000
1,691,875
165,600
817,825

Rate.

00
00
00
00
00

\\ per cent.
45
5

5i
54

“
“
“
“

Amount,

$60,000
418,820
80,000
177,900

Rate.

00
28
00
00

5| per cent.
6
“
6|
64
“

Amount invested in real estate for banking purposes,.................................... $70,000
Estimated value of the same...................................................................................
82,500
Assessed value of the s a m e ,.................................................................................
82,500
Net income received from same during the year ending Oct. 31, 1896,
.
4,170
Value, by books, of other real estate held or owned by foreclosure or other­
wise,
.....................................................................................................................
49,300
Assessed value of the s a m e ,.................................................................................
66,850
Number of loans which are of an amount not exceeding $3,000 each, 686
Aggregate amount of the s a m e , ........................................................................ 1,028,520
Total number of loans upon real estate.......................................................860
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
295,513
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., $107,865 23 1
§65
during the year ending Oct. 31, 1896,
.
. 1 2 per cent., * 112,000 00 )
’ °
Number of accounts opened during the year ending Oct. 31, 1896,
1,992
Number of accounts closed during the year ending Oct. 31, 1896,
1,391
Total number of open accounts Oct. 31, 1896,
.
.
.
.
16,817
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
.....................................................................................................9,905
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
920,866
Number of s a m e , ........................................................................................ 13,626
Amount of withdrawals, including dividends, during the year ending Oct.
' 31, 1896......................................................................................................................
871,386
Number of s a m e , ........................................................................................ 10,991
Date of examination by commissioner: May 28.


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

* Estimated.

00
00

00
49

00

00
28

49

23

51
27

98

No. 8.J

107

SAYINGS BANK COMMISSIONERS

C H E L SE A S A V IN G S B A N K — C H EL SE A.
Incorporated April 29, 1854.

Present number of corporators, 120.
A l b e r t A. F i c k e t t , Treasurer.

O tis H in m a n , President.

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 tis H in m a n ,

John T . H a d a w a y ,

A lonzo C. T e n n e y ,
Jam es G o uld ,
E u g en e F . E n d ic o t t .

Open for business every business day, 8 a .m . to 1 p . m . ; Saturdays, 4 to 8 p . m .
B a l a n c e Sh e e t O c t o b e r

L ia b il it ie s .

A ss e t s .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stock,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
.
Premium account,
Cash on hand..................................

31, 1896.

$606,450
166,200
2,500
197,100
175

00

42,616
39,102
1,884,283
350,050

72
84
00
00

00
00
00
00

$3,140,683 28
157,000 00
24,159 85

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

88,467 08
4,841 66

20,000 00
54,596
4,569
2,951
37,000
7,557

17
03
85
00
26

$3,415,151 87

$3,415,151 87

Cash on Deposit in Banks, amount in each : $31,175 61
23,420 56

Commercial National Bank, Boston,
First National Bank, Chelsea,
Loan on Bank Stock : —
40 shares Commercial National Bank, Boston,

.

.

$2,500 00

Loan on Railroad Stock : —
2 shares Boston & Maine R .R.,


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

$175 00

108

[Pub. Doc

REPOET OF THE

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

City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cambridge, Mass , 6s,.
of Canton, Ohio, 5s,
of Chicago, 111., 3.65s,
of Cleveland, Ohio, 4s, .
of Dayton, Ohio, 5s,
of East Saginaw, Mich., 5s,
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 4^s,
of Gardiner, Me , 4s,
of Grand Rapids, Mich., 4s,
of Keene, N. H., 4s,.
of Lawrence, Mass., 4s, .
of Lawrence, Mass., 6s, .
of Lewiston, Me , 4s,
of Lewiston, Me , 5s,
of Lowell, Mass., 4s,
of Newton, Mass., 4s,
of Peoria, 111., 4is, .
of Providence, R. I., 4^s, .
of Saginaw, Mich., 4s,
of Taunton, Mass., 4s,
of Wallingford, Conn., 4s,
of Waltham, Mass., 4s, .
of Worcester, Mass., 4-£s,
Town of Brookline, Mass , 5s,.
of Canton, Mass., 4s,
of Danvers, Mass., 5s, .
of Marblehead, Mass., 4s,
of Norwalk, Conn., 4s, .
of Winthrop, Mass., 5 s,.
State of New Hampshire 6s, .

$50,950
29,000
2,000
11,000
7,000
13,000
19,000
18,500
5,000
20,000
6,000
13,000
20,000
25,000
35,000
30,000
16,000
8,000
65,000
15,000
15,000
25,000
25,000
17,000
22,000
20,000
5,000
8,000
2,000
10,000
31,000
11,000
7,000

Estimated
Market Value.

$53,452
32,770
2,240
11,285
7,000
13,000
19,290
19,055
5,760
21,200
6,060
13,095
20,200
25,750
39,300
30,850
17,600
8,400
67,525
15,300
15,300
25,362
26,125
17,000
22,840
21,200
5,200
8,180
2,180
10,075
31,000
11,880
7,670

00
00
00
00
00
00
00
00
00
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.

),950
29,000
2,000
11,000
7,000
13,000
19,000
18,500
5,000
20,000
6,000
13,000
20,000
25,000
35,000
30,000
16,000
8,000
65,000
15,000
15,000
25,000
25,000
17,000
22,000
20,000
5,000
8,000
2,000
10,000
31,000
11,000
7,000

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

$606,450 $633,144 00 $606,450 00
* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

40
216
20
25
50

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .


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

$4,000
21,600
2,000
2,500
5,000

Estimated
Market Value.

$4,360
24,624
1,760
3,100
5,750

00
00
00
00
00

Amount Invested.

$4,000
21,600
2,000
2,500
5,000

00
00
00
00
00

No. 8.]

SAVINGS BANK COMMISSIONERS

109

Chelsea Savings Bank — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks — Concluded.

50
40
226
38
19
50
36
6
70
66
52
15
63
130
43
20
18
42
15
47
83
17
50
15
30
45
5
20

Par Value.

Commercial Nat’l B’k, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B'k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,
Railroad Nat’l Bank, Lowell, .
Nat’l Exchange Bank, Salem,
First N’l Bank, So. Weymouth,

$5,000
4,000
22,600
3,800
1,900
5,000
3,600
600
7,000
6,600
5,200
1,500
6,300
13,000
4,300
2,000
1,800
4,200
1,500
4,700
8,300
1,700
5,000
1,500
3,000
4,500
500
2,000

Estimated
Market Value.

$4,000
4,000
27,120
3,002
4,370
4,250
3,060
450
5,600
9,570
5,772
1,455
7,245
17,940
3,225
1,400
2,196
4,116
1,500
5,076
8,798
1,819
4,350
1,260
3,000
5,850
450
2,260

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

$166,200 $182,728 00

Amount Invested.

$5,000
4,000
22,600
3,800
1,900
5,000
3,600
600
7,000
6,600
5,200
1,500
6,300
13,000
4,300
2,000
1,800
4,200
1,500
4,700
8,300
1,700
5,000
1,500
3,000
4,500
500
2,000

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

$166,200 00

Detailed Statement o f Railroad Bonds.

-

Boston & Lowell R R. 4s,
Boston & Maine R.R. 4is,
Boston & Providence R.R. 4s, .
Boston, Revere Beach & Lynn R.R. 6s.
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 7s,
Old Colony R.R. 4s,
. . .
Salem & Lowell R.R. 6s,


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

Par Value.

$25,000
20,000
45.000
8,000
2,000
20,000
52,000
100
15,000
10,000
$197,100

Estimated
Market Value.

$25,750
22,800
46,575
8,000
1,980
20,000
54,550
104
15,450
10,300

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$25,000
20,000
45,000
8,000
2,000
20,000
52,000
100
15,000
10,000

00
00
00
00
00
00
00
00
00
00

$205,509 00 $197,100 00

110

REPORT OF THE

[Pub. Doc,

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

Amount.

$54,596 17

20,000 00

110,500 00

Kate.

2^ per cent.
4
4h

“
“

Amount.

$25,000 00
769,350 00
25,000 00

Rate,

4f per cent.
5
•5|
“

Amount.

Kate.

$426,050 00
881,108 00

5£ per cent.
6
“

Amount invested in real estate for banking purposes,.................................... $42,616 72
Estimated value of the s a m e , ........................................................................
44,000 00
Assessed value of the same, .
.
.
.
.*
. .
.
32,850 00
Net income received from same during year ending Oct. 31, 1896, .
.
56 39
Value, by books, of other real estate held or owned by foreclosure or other­
wise,
.....................................................................................................................
39,102 84
Assessed value of the s a m e ,.................................................................................
58,950 00
Net income received from same during year ending Oct. 31, 1896, .
.
1,434 10
Number of loans which are of an amount not exceeding $3,000 each, . 773
Aggregate amount of the same............................................................................... 1,098,083 00
Total number of loans upon real e s t a t e , ............................................. 901
1,878 21
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per bocks, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
158,837 00
Times for the dividends fixed by the by-laws: April 15 and October 15.
Rate and amount of eachsemi-annual dividend t 2 per cent., $56,599 76r
during the year ending Oct. 31, 1896, .
.
( 2 per cent.,
58,684 15 }
H5,283 91
Number of accounts opened during the year ending Oct. 31, 1896,
2,178
Number of accounts closed during the year ending Oct. 31, 1896,
1,438
Total number of open accounts Oct. 31, 1896,
.
.
.
.
13,975
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes)............................................................................................................... 9,012 38
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896..................................................................................................
796,485 35
Number of s a m e ,................................................................................. 19,649
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.................................................................................................................
739,451 85
Number of s a m e , .................................................................................12,882
Date of examination by commissioner: February 13.


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Federal Reserve Bank of St. Louis

No. 8.]

111

SAYINGS BANK COMMISSIONERS

CH ICOPEE SA V IN G S B A N K — CHICOPEE.
Incorporated Feb. 27, 1845.
J ohn B . W

ood,

Present number of corporators, 57.

President.
L uther W

H . H . H a.hb .i s , Treasurer.
h it e ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o h n B . W ood ,
J. A . C a r t e s ,

Jam es L . P ea se,
G eorge A . E d ge rto n .

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

B

a la n ce

Sh

eet

Octo ber

A88ETS.

31, 1896.

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,
Loans on railroad stock,
Loans on real estate, .
.
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

$85,000
22,600
500
34.000
165
629,433
101,370

00

53,750
33.000
10,499
10,746

00
00
47
58

00
00
00
00
00
00

$981,064 05

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

$925,516 30
42,850 00
12,697 75

$981,064 05

Cash on Deposit in Banks, amount in each : —
First National Bank, C h ic o p e e ,........................................................................$10,499 47
Hampshire County National Bank, Northampton,
.
.
.
.
.
10,000 00
Chicopee National Bank, S prin gfield,...............................................................
5,000 00
City National Bank, Springfield,........................................................................
13,000 00
Pynchon National Bank, Springfield, . . .
.
.
.
.
5,000 00
Loan on Bank Stock : —
20 shares Third National Bank, Springfield,...................................................... $500 00
Loan on Railroad Stock : —
3 shares Boston & Albany R .R .,


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

.

$165 00

112

[Pub Doc

REPORT OF THE

Chicopee Savings Bank — Continued.
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 Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4£s,
of Portland, Me., 6s,
of Providence, R. I., 4s, .
Town of Rockport, Mass., 4s, .

$5,000
10,000
20,000
10,000
6,000
10,000
5,000
10,000
9,000
$85,000

Estimated
Market Value.

$5,250
10,100
20,400
10,400
6,600
10,700
6,000
10,400
9,090

00
00
00
00
00
00
00
00
00

$88,940 00

Amount Invested.

$5,000
10,000
20,000
10,000
6,000
10,000
5,000
10,000
9,000

00
00
00
00
00
00
00
00
00

$85,000 00

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

10
100
50
66

Par Value.

N’l B’k of Redemption, Boston,
First Nat’l Bank, Chicopee,
City Nat'l Bank, Springfield, .
Chapin N'l Bank, Springfield,

$1,000
10,000
5,000
6,600
$22,600

Estimated
Market Value.

$1,150
14,000
6,250
7,920

00
00
00
00

$29,320 00

Amount Invested.

$1,000
10,000
5,000
6,600

00
00
00
00

$22,600 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Maine Central R.RC5s,
Old Colony R.R. 4s, .
Upper Coos R.R. 4^s,


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

Estimated
Market Value.

$10,000
4.000
3.000
10,000
7.000

$10,300
4,000
3,300
10,300
7,350

00
00
00
00
00

$34,000

$35,250 00

Amount Invested.

$10,000
4.000
3.000
10,000
7.000

00
00
00
00
00

$34,000 00

No. 8 .]

113

SAYINGS BANK COMMISSIONERS.

Chicopee Savings Bank— Concluded.
Total Amount o f Loans, with Each Specified Rale o f Interest.
Amount.

$79,700 00
4,500 00

Rate.

Amount.

Rate.

Amount.
(

4 per cent.
44
“

$149,850 00
16,000 00

4 £ per cent.
4|
“

$552,318 00
15,850 00

Rate.

5 per cent.
6
“

Number of loans which are of an amount not exceeding $3,000 each, 280
Aggregate amount of the same............................................................................... $304,505
Total number of loans upon real e s t a t e , .............................................322
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
46,073
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., $17,505 62 1
35,601
during the year ending Oct. 31, 1896, .
.
1 2 per cent.,
18,095 66 i
Number of accounts opened during the year ending Oct. 31, 1896,
. 374
Number of accounts closed during the year ending Oct. 31, 1898,
. 358
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,242
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of ta xe s),..................................................................................................
3,345
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
178,848
Number of same.......................................................................................2,603
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
193,060
Number of s a m e , ................................................................................. 2,237
Date of examination by commissioner: July 16.


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

00

16
28

98
73

70

lu

REPORT OF THE

[Pub. Doc.

CHICOPEE P A LL S S A V IN G S B A N K — CH ICOPEE F A L L S .

Incorporated May 11, 1875.

Present number of corporators, 33.

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 ,
J a m e s E. T a y l o r ,

Jam es F l in t ,
G e o r g e M . M orto n .

Open for business every business day, 8 to 11

B

a la n ce

Sh

eet

Octo ber

A ssets.

Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

a .m

.

; 1 to 4

p .m

.

; 6 to 7

p m

.

31, 1896.

L ia b il it ie s .

$30,125
287,820
87,525
24,898
311
■ 25
426

00
00
00
23
04
00
13

$431,130 40

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

$408,425 61
9,360 79
1,228 76
12,115 24

$431,130 40

Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, Springfield,...................................................... ........
$7,311
City National Bank, Springfield,........................................................................
4,508
Pynchon National Bank, Springfield,............................................................... 4,313 17
Springfield National Bank, S p r i n g f i e l d ,......................................................
4,648
Springfield Safe Deposit and Trust Company, Springfield...............................
4,427


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

01
96
84
26

No. 8.]

SAYINGS BANK COMMISSIONERS

115

Chicopee Falls Savings Bank — Concluded.

Shares.

r No. of

Detailed Statement o f Bank Stocks.

10
10
16
20
50
13
6
40
25
50
20

First Nati Bank, Chicopee,
First N’l Bank, Easthampton,.
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
Hadley Falls N’l B’k, Holyoke,
Home Nati Bank, Holyoke, .
Palmer Nati Bank, Palmer, .
Agawam N’l B’k, Springfield,.
Chapin N’l Bank, Springfield, .
Chicopee N’l B’k, Springfield,
City Nati Bank, Springfield, .
First Nati Bank, Springfield,.

Par Value.

Estimated
Market Value.

$1,000
1,000

$1,400 00
1,485 00

1,600
2,000
5,000
1,300
600
4,000
2,500
5,000
2,000
$26,000

1,600
3,200
5,500
1,300
600
4,930
4,125
6,500
3,300

00
00
00
00
00
00
00
00
00

$33,940 00

Amount Invested.

$1,000 00
1,485 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

$30,125 00

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

$24,898 23

Kate.

Amount.

Kate,

4 per cent.

$370,345 00

5 per cent.

Amount.

$5,000 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 206
Aggregate amount of the s a m e , ........................................................................ $261,830
Total number of loans upon real estate.......................................................164
Gross amount of interest or profits received or earned, as per books, dur­
20,772
ing year ending Oct. 31, 1896, ........................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend I 2 per cent., $7,833 66 1
16,014
during the year ending Oct. 31, 1896,.
.
i 2 per cent.,
8,181 30 J
Number of accounts opened during the year ending Oçt. 31, 1896,
. 425
Number of accounts closed during the year ending Oct. 31, 1896,
. 349
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,515
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
1,412
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
123,259
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ................................................................................. 2,757
Amount of withdrawals, including dividends, during the year ending Oct.
132,133
31, 1896.....................................................................................................................
Number of same...................................................................................... 1,880
Date of examination by commissioner: July 15.


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Federal Reserve Bank of St. Louis

00

52

96

56
50

78

•116

REPORT OF THE

[Pub. Doc.

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, 59.

J o h n C. M i l n e , President.
E . E . H a t h a w a y , Treasurer.
1
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 u e l W . H a t h a w a y ,
M . G . B . S w if t ,
H enry H . E arl,
W il l i a m F. T h o m a s .

Open for business every business day, 9

B

a la n ce

Sh

eet

Octo ber

a .m .

31, 1896.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.

to 1 p . m .

L ia b il it ie s .

$151,900
323,640
133,000
3,990
2,310,853
879,770

00
00
00
20
50
00

17,333
109,412
703
2,607
556

14
11
11
95
75

$3,933,766 76

Deposits,
Guaranty
Discount,
Suspense,

.
fund,
.
.

'

$3,596,488
153,573
159,416
24,288

35
84
56
01

$3,933,766 76

Cash on Deposit in Banks, amount in each : —
First National Bank, Boston.................................... .........
National Bank of Redemption, B o s t o n , ......................................................
National Bank of the Republic, B o s t o n , ......................................................
Washington National Bank, B o s to n ,...............................................................
Pocasset National Bank, Fall R i v e r ,...............................................................


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

$23,749
32,031
26,763
26,867
703

48

88
09

66
11

No. 8.]

117

SAYINGS BANK COMMISSIONERS

Citizens’ Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

City of Bay City, Mich., 8s, .
of Chicago, 111., 4s, .
of Fort Wayne, Ind., 6s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s,
of Milwaukee, Wis., 5s, .
of Somerville, Mass., 4£s,
of Waterbury, Conn., 4s,.
United States 4s,
. . .

$500
25.000
2,000
20.000
25.000
29.000
5,000
10,500
34,900
$151,900

$675
25,250
2,120
20,200
26,750
31,285
5,150
10,710
40,833

00
00
00
00
00
00
00
00
00

$162,973 00

Amount Invested.

$500
25.000
2,000
20.000
25.000
29.000
5,000
10,500
34,900

00
00
00
00
00
00
00
00
00

$151,900 00

Par Value.

Estimated
Market Value.

Amount Invested.

[

No. of
Shares.

Detailed Statement o f Bank Stocks.

14 Boston Nat’l Bank, Boston,
6 Continental N’l Bank, Boston,
93 Eliot National Bank, Boston, .
250 First National Bank, Boston, .
140 Howard Nat’l Bank, Boston, .
50 Merchants’ N’l Bank, Boston,.
77 N’l B’k of Commerce, Boston,
128 N’l B’k of Redemption, Boston,
25 N’l B’k of the Republic, Boston,
225 N’l Hide & Leather B’k, Boston,
281 National Revere Bank, Boston,
35 Shawmut Nat’l Bank, Boston,.
51 State National Bank, Boston, .
49 Suffolk National Bank, Boston,
102 Washington N’l Bank, Boston,
174 Fall River N’l B’k, Fall River,
149 Massasoit N’l B’k, Fall River,.
300 Metacomet N’l B’k, Fall River,
110 Nat’l Union Bank, Fall River,
800 Pocasset N’l Bank, Fall River,
180 Second Nat’l Bank, Fall River,
13 Railroad N’l Bank, Lowell,


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

$1,400
600
9,300
25,000
14,000
5,000
7,700
12,800
2,500
22,500
28,100
• 3,500
5,100
4,900
10,200
17,400
14,900
30,000
11,000
80,000
18,000
1,300
$325,200

$1,246
600
11,253
58,250
12,320
7,250
8,604
14,848
3,450
23,625
22,480
3,780
5,406
5,243
10,302
18,270
21,605
37,500
11,550
113,000
28,800
1,690

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

$1,400
600
9,300
25,000
14,000
5,000
7,700
12,800
2,500
22,500
28,100
3,500
5,100
4,900
10,200
16,012
14,900
30,000
11,000
80,000
18,000
1,127

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

$421,072 00 $323,640 00

118

REPORT OF THE

[Pub. Doc.

Citizens’ Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 44s,
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R. 4s, .
Fitchburg R R. 5s..............................
Maine Central R.R. 44s, .
Maine Central R.R. 5s, .
Maine Central R.R. tjs, .
Maine Central R.R. 7s, .
Portland & Ogdensburg R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. 5s,.
.
.
Troy & Boston R.R. 7s, .
Worcester, Nashua & Roch. R.R. 4s,

$20,000
7,000
20,000
1,000
26,000
2,000
500
6,500
5,000
15,000
5,000
25,000
$133,000

Estimated
Market Value.

$22,800
7,350
20,200
1,070
27,560
2,220
535
8,565
5,350

00
00
00
00
00
00
00
00
00

Amount Invested.

$20,000
7,000
20,000
1,000
26,000
2,000
500
6,500
5,000

17,700 00
7,100 00
25,250 00

00
00
00
00
00
00
00
00
00

15,000 00
5,000 00
25,000 00

$145,700 00 $133,000 00

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

Rate.

Amount.

$109,412 11
157,263 14
93,000 00

2 per cent.

$1,416,701 00
948.524 50
274,408 00

4
44

“

Rate.

5 per cent.
“

54

6

Amount.

$ 21,000 00
297,060 00

Rate.

64 per cent.
7

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1890,
Number of loans which are of an amount not exceeding $3,000 each, . 438
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 605
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
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.J per cent., $75,896 62 1
during the year ending Oct. 31, 1896, .
.
t 2j per cent., 78,383 65 1
Number of accounts opened during the year ending Oct. 31, 1896,
1,279
Number of accounts closed during the year ending Oct. 31,
1896,
1,215
Total number of open accounts Oct. 31, 1896,
.
.
.
.
6,058
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of same.................................................................................5,244
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
Number of same................................................................................. 5,485
Date of examination by commissioner: July 22.


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

$3,990 20
3,060 00
50 83
613,725 00

202,140 28

154,280 27

10,615 16
512,224 78

562,299 15

No. 8.]

SAVINGS BANK COMMISSIONERS.

119

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, 28.

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 . 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 ie r s o n ,
J ac ob G u n l ic h ,
H ir a m B . W

W m . M . M ercer,
A r th u r A . M il l s ,
e l l in g t o n .

Open for business every business day except Saturdays, 9 a m . to 12
urdays, 9 a . m . to 12 m . ; 1 to 6 p . m .
B

alance

Sheet O ctober

; 1 to 3 p . m . ; Sat­

31, 1896.
L ia b il it ie s .

A ssets.

t
Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on railroad stock,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Furn itu re,....................................
Cash on hand,
.
.
.
.

m.

»

Ù
$279,231 66
1,198 99
580 62

Deposits, .
Guaranty fund,
Interest account,

$16,300 00
6,228 00

1,000 00

29,000 00

100 00

171,010 50
25,025 03

18,400 00

6 00

4 700
3,521
1,091
3,181
811
634

65
47
61
50
76
75
$281,011 27

$281,011 27

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,

$609
1,253
1,558
4,800

.
.

04
52
91
65

Loan on Bank Stock : —
10 shares Berkshire Loan and Trust Company, Pittsfiejd,
Loan on Railroad Stock: —
1 share Boston & Albany R.R., .


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

.

.

.

.

$1,000 00

!

120

KEPOKT OF THE

[Pub. Doc.

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

Town of Adams, Mass., 5s,
of Stoughton, Mass., 4s,
United States 4s,
. . .
United States 5s,

$5,000
6,000
300
5,000
$16,300

Estimated
Market Value.

$5,500
6,360
348
5,500

Amount Invested.

00
00
00
00

$17,708 00

$5,000
6,000
300
5,000

00
00
00
00

$16,300 00

Detailed Statement o f Bank Stocks.
O o
. *-

Par Value.

£ 1
First Nat’l Bank, Springfield,
Housatonic Nat’l Bank, Stockbridge,
.
.
.
.
10v Berkshire N’l B’k, No. Adams,
5 Agricultural National Bank,
Pittsfield,
.
.
.
.
19
10

Estimated
Market Value.

$1,900

$2,280 00

$2,318 00

1,000
1,000

1,600 00
1,150 00

1,535 00
1,075 00

500

1,300 00

1,300 00

$4,400

$6,330 00

$6,228 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Maine R.R. 41s,
Concord & Montreal R.R. 4s, .
Fitchburg R R. 5s, .
Old Colonjr R.R. 4s,
. . .
Penobscot Shore Line R.R. 4s,

$5,000
5.000
4.000
5.000
5.000
5.000
$29,000

Estimated
Market Value.

$5,357
5,775
4,080
5.300
5.300
5,100

00
00
00
00
00
00

$30,912 00

Amount Invested.

$5,000
5.000
4.000
5.000
5.000
5.000

00
00
00
00
00
00

$29,000 00

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

$4,700 65
2,600 00

Rate.

2 per cent.

4


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

«

Amount.

Rate.

$191,540 03
3,000 00

5 per cent.

5è

“

Amount.

$18,401 50

Rate.

6 per cent.

No. 8.]

SAYINGS BANK COMMISSIONERS.

121

City Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, . 113
Aggregate amount of the same.............................................................................. $136,241 53
Total number of loans upon real e s t a t e , ............................................. 106
Gross amount of interest or profits received or earned, as per books, during
10,100 49
year ending Oct. 31, 1896......................................................................................
Times for the dividends fixed by the by-laws: first Thursday in January
and July.
Rate and amount of each semi-annual dividend dur- r 2 per cent., $3,816 44
8,369 86
ing year ending Oct. 31, 1896,
.
.
.
* 1 2 per cent., 4,553 42
Number of accounts opened during the year ending Oct. 31, 1896,
. 394
Number of accounts closed during the year ending Oct. 31, 1896,
. 193
Total'number of open accounts Oct. 31, 1 8 9 6 , .................................... 973
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
868 19
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
133,893 63
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ................................................................................ 1,505
Amount of withdrawals, including dividends, during the year ending Oct.
75,699 75
31, 1896.....................................................................................................................
Number of s a m e , ................................................................................. 7 • 873
Date of examination by commissioner: September 28.

/


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

122

REPORT OF THE

[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, 64.

J o h n E. G a l e , President.
G eo rg 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 ,
S a m u e l W . H o p k in s o n ,
J o h n E. G a l e .

I r a O. S a w t e r ,

P. C. S w e t t ,

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

a .m .

to 12

2 to 3

m .;

p .m .

;

B alance Sheet October 31, 1896.

A

ssets.

L ia b il it ie s .

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on railroad stock,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Taxes paid,....................................
Cash on hand,
.
.
.
.

$223,450
41,000
41,600
16,100

00
00
00

00
200,000 00
2,100 00

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

$1,488,859 98
75,000 00
26,890 74
11,347 24

747,500 00
293,614 00
5,840
250
15,540
2,398
9,898
1,821
984

00
00
97
24
34
59
82

$1,602,097 96

$1,602,097 96

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

.

•

•

•

.

$15,540 97

.
.

$3,000 00

Loans on Public Funds, amount on each: —
$3,000
$ 20,000
$5,000
$3,000
$10,000

City of Waterbury, Conn., 4s, .
United States 4 s , ....................................
United States 4s,
.
.
.
.
United States 4 s , ....................................
City of Kansas City, Mo., 4|s, .
* This loan, in excess o f the legal limit, has since been corrected.


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

.
.

20,000 00
5,000 00
3,000 00
10,000 00*

No. 8.]

123

SAYINGS BANK COMMISSIONERS

City Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
90 shares
100 shares
2 shares
4 shares

Farmington National Bank, Farmington, N. H.,
.
.
.
Essex National Bank, H a v e r h i l l , .............................................
First National Bank, Haverhill..........................................................
First National Bank, H averh ill,......................................................

$7,500
8,000
200
400

00
00
00
00

Loans on Railroad Stock, amount on each : —

6

shares Boston & Maine R . R . , ............................................................................... $600 00
18 shares Boston & Maine R . R . , ...................................................................................1,500 00

Detailed Statement o f Public Funds.
Par Value.

C itj of Akron, Ohio, 5s, .
of Brockton, Mass., 4s,
of Cleveland, Ohio, 4s,
of Grand Rapids, Mich., 5s,
of Haverhill, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Medford, Mass , 4s,
of Waterbury, Conn., 4s,
of Youngstown, Ohio, 5s,
Town of Bradford, Mass., 4s, .
of Plaistow, N. H., 4s, .
United States 4s,
. . .

$24,000
7.000
5.000
25.000
51.000
10.000
15.000
25.000
10.000
24,450
2.000
25,000

Estimated
Market Value.

$24,020
7,140
5,025
25,000
52,260
10,200
15,410
25,105
10,650
24,647
2,000
29,250

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

$223,450 , $230,707 00

Amount Invested,

$24,000
7.000
5.000
25.000
51.000
10.000
15.000
25.000
10.000
24,450
2.000
25,000

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

223,450 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

74
30
25
9
15
211
35
17

Par Value.

Continental N’l Bank, Boston,
Massachusetts N’l B'k, Boston,
Merchants’ N’l Bank, Boston,.
N’l B’k of Commerce, Boston,.
Tremont Nat’l Bank, Boston, .
First Nat’l Bank, Haverhill, .
Haverhill N’l B’k, Haverhill,.
Merrimae N’l B’k, Haverhill,.


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

$7,400
3,000
2,500
900
1,500
21,100
3,500
1,700
$41,600

Estimated
Market Value.

$7,400
2,400
3,625
999
1,260
27,430
5,250
2,720

00
00
00
00
00
00
00
00

$51,084 00

Amount Invested.

$7,400
3,000
2,500
900
1,500
21,100
3,500
1,700

00
00
00
00
00
00
00
00

$41,600 00

[Pub. Doc

REPORT OF THE

124

City Five Cents Savings Bank — Concluded.
Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Maine R.R. 4 s,.
Boston & Maine R.R 4Js,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R R. 5s, .
Maine Central R.R. 4s, .
Maine Central R.R. 7s, .
Old Colony R.R. 4s,.
St. Johnsbury & Lake Champlain
R.R. os,
...................................
Upper Coos R.R. 4s,
.
.
Worcester, Nashua & Roch. R.R 4s,
/

$50,000
10,000
25,000
5,000
35,000
15,000
10,000
15,000
10,000
15,000
10,000

Estimated
Market Value.

$51,250
11,400
25,250
5,000
37,540
15,000
13,400
15,450

Amount Invested.

00
00
00
00
00
00
00
00

11,800 00
14,250 00
10,100 00

$50,000
10,000
25,000
5,000
35,000
15,000
10,000
15,000

00
00
00
00
00
00
00
00

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

$200,000 $210,440 00 $200,000 00

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

Kate.

Amount.

$15,540 97
840 00
89,614 00

2J per cent.
4
H

“
“

Amount.

$45,000 00
784,600 00

Kate.

4| per cent
5
“

Rate.

Amount.

$82.175 00
104,175 00

5£ per cent.
“

6

Number of loans which are of an amount not exceeding $3,000 each, . 253
Aggregate amount of the s a m e , ........................................................................ $359,490 00
Total number of loans upon real estate,
.
..
.
•
•
• 295
Amount of investments from which no income is received, .
.
.
.
8,000 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
77,130 03
Times for the dividends fixed by the by-laws: first Wednesday in June
and D ecember.
Rate and amount of each semi-annual dividend f 2 per cent., $27,572 44 j
55 ^ 26
during the year ending Oct. 31, 1896, .
.
12 per cent., 28,198 82 i
Number of accounts opened during the year ending Oct. 31, 1896,
. 965
Number of accounts closed during the year ending Oct. 31, 1896,
. 836
Total number of open accounts Oct. 31, 1896,
.
.
.
.
6,032
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of t a x e s ) , ...................................................................................................
4,544 39
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
269,780 48
Number of s a m e , ................................................................................. 5,076
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
281,566 02
Number of s a m e , ................................................................................. 4,040
Date of examination by commissioner: February 21.


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

No. 8.]

125

SAYINGS BANK COMMISSIONERS.

C IT Y IN S T IT U T IO N F O B S A V I N G S -L O W E L L .
Incorporated April 12, 1837.

Present number of corporators, 31.

F e e d A . B u t t e ic k , President.
F e a n k W . H u e d , Treasurer.
F e a n k W . H u e 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 e a n k Cobuhn,
L eo n a ed H un teess,
H e n b y C. C o o p e e ,
F e e d A . B u t t e ic k .

Open for business every business day, 9

a .m .

to 1

p .m .

; Saturdays, 7 to 9 p . m .

B alance Sheet October 31, 1896.

L ia b il it ie s .

A sse ts.

*1,026,000 00
Public funds as per schedule,
714,069 75
Bank stock as per schedule,
53,700 00
Loans on bank stock, .
1 , 110,000 00
Railroad bonds as per schedule,
17,982 27
Real estate by foreclosure, .
2,724,882 14
Loans on real estate, .
1,164,904 74
Loans on personal security,
Loans to counties, cities or towns
12,000 00
( n o t e s ) ,....................................
134,706 71
Deposits in banks, on interest, .
33,727 99
S u s p e n s e ,....................................
768 25
Cash on hand, .
.
.
.

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

$6,992,741 85

*6,403,271 76
320,000 00
104,384 18
165,085 91

*6,992,741 85

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
.
.
.
.
Appleton National Bank, L o w e l l , ....................................
Pynchon National Bank, Springfield,....................................
Middlesex Safe Deposit and Trust Co., Lowell, .

*5,437 70
44,269 01
75,000 00

10,000 00

Loans on Bank Stock, amount on each: —
10 shares Massachusetts Loan and Trust Company, Boston,
6 shares Appleton National Bank, Lowell,
20 shares Lowell Trust Company, Lowell,
.
.
.
20 shares Lowell Trust Company, Lowell,
.
.
5 shares Appleton National Bank, Lowell,
.
100 shares Appleton National Bank, Lowell,
.
•


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

*700 00
600 00
1,500 00

2,100 00
10,000 00

126

REPORT OF THE

[Pub. Doc

City Institution for Savings — Continued.
90 shares Old Lowell National Bank, L o w e ll,..................................................... $9,000 00*
30 shares Old Lowell National Bank, L o w e ll ,.............................................
3,000 00*
500 00
5 shares Prescott National Bank, L o w e l l , .............................................
10 shares Prescott National Bank, L o w e l l , .............................................
1,000 00
10 shares Railroad National Bank, L o w e l l , .............................................
1,000 00
10 shares Wamesit National Bank, L o w e l l , .............................................
1,000 00
38 shares Wamesit National Bank, L o w e l l , .............................................
3,800 00
3 000 00
15 shares Wamesit National Bank, L o w e l l , ............................................. t
15 shares Brockton National Bank, Brockton,............................................. J
11J. shares Pacific National Bank, L a w r e n c e ,.............................................
10,500 00
90 shares Pacific National Bank, L a w r e n c e ,.............................................
6,000 00
* The bank has been notified that these loans, in excess of the legal limit, must be reduced.

Detailed Statement o f Public Funds.
Par Value.

City of Altoona, Pa., 4s, .
of Cleveland, Ohio, 4s, .
of Des Moines, Iowa, 4s, .
of Fall River, Mass., 4s, .
of Fitchburg, Mass , 4s, .
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass , 4s,
of Milwaukee, Wis., 5s, .
of Saginaw, Mich., 4£s, .
of Waterbury, Conn., 4 s,.
Town of Cranston, R. I., 4s, .
of Maynard, Mass , 4s, .
United States 4s,
. . .

$50,000
52,000
60,000
50,000
125,000
90,000
100,000
50,000
100,000
50,000
100,000
74,000
15,000
110,000

Estimated
Market Value.

$50,500
52,000
60,000
50,750
129,500
92,700
104,000
53,000
109,670
52,200
103,000
76,220
15,450
128,700

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

Amount Invested.

$50,000
52,000
60,000
50,000
125,000
90,000
100,000
50,000
100,000
50,000
100,000
74,000
15,000
110,000

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

$1,026,000 $1,077,690 00 $1,026,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

80
200
204
210
124
39
78
138
146

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston, .
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Bunker Hill N’l Bank, Boston,
National City Bank, Boston, .
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,


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

$8,000
20,000
20,400
21,000
12,400
3,900
7,800
13,800
14,600

Estimated
Market Value.

$8,720
22,800
17,595
18,821
15,469
7,819
6,084
13,248
14,673

00
00
00
25
00
00
00
00
00

Amount Invested.

$8,000
20,000
20,400
21,000
12,400
3,900
7,800
13,800
14,600

00
00
00
00
00
00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS

127

City Institution for Savings — Continued.

Ko. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

100 Eliot National Bank, Boston, •
55 Everett Nat’l Bank, Boston, .
200 First National Bank, Boston, .
200 Globe National Bank, Boston,
100 Hamilton Nat’l Bank, Boston,
135 Howard Nat’l Bank, Boston, .
100 Market Nat’l Bank, Boston, .
44 Merchants’ N’l Bank, Boston, .
100 Metropolitan N’l B’k, Boston,
125 Massachusetts Loan and Trust
Co., Boston, .
.
.
.
150 N’l B’k of Commerce, Boston,
100 National Bank of the Commonwealth, Boston,
250 N’l B’k of No. America, Boston,
400 N’l B’k of Redemption, Boston,
400 NT B’k of the Republic, Boston,
30 National Eagle Bank, Boston,
50 Nat’l Exchange Bank, Boston,
150 N’l Hide & Leather B’k, Boston,
375 National Revere Bank, Boston,
36 National Union Bank, Boston,
70 Nat’l Webster Bank, Boston, .
65 New England N’l B’k, Boston,
167 North National Bank, Boston,
40 Old Boston N’l Bank, Boston,.
265 Second Nat’l Bank, Boston,
100 Shawmut Nat’l Bank, Boston,
50 Shoe & Leather NT B’k, Boston,
108 State National Bank, Boston, .
136 Suffolk Nat'l Bank, Boston,
400 Third National Bank, Boston,
118 Tremont Nat’l Bank, Boston, .
39 Washington N’l Bank, Boston,
25 Bay State NT B’k, Lawrence, .
610 Appleton Nat’l Bank, Lowell, .
94 First National Bank, Lowell, .
75 Merchants’ NT Bank, Lowell, .
11 Old Lowell N’l B’k, Lowell, .
220 Prescott Nat’l Bank, Lowell, .
73 Railroad Nat’l Bank, Lowell, .
100 Wamesit Nat’l Bank, Lowell, .
25 First N’l B’k, Marlborough, .
42 Framingham National Bank,
South Framingham,


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

Par Value.

$ 10,000
5,500
20,000
20,000
10,000
13,500
10,000
4,400
10,000

Estimated
Market Value.

$12,200
4,400
46,800
16,800
10,500
11,947
7,675
6,380
9,000

00
00
00
00
00
50
00
00
00

12,500
15,000

14,375 00
16,875 00

10,000
25,000
40,000
40,000
3,000
5,000
15,000
37,500
3,600
7,000
6,500
16,700
4,000
26,500
10,000
5,000
1C,800
13,600
40,000
11,800
3,900
1,875
61,000
9,400
7,500
1,100
22,000
7,300
10,000
2,500

13,750
24,000
46,700
55,400
2,100
6,200
15,900
30,000
4,680
6,812
9,750
16,762
4,260
46,408
10,825
4,300
11,448
14,552
35,350
9,941
3,968
3,125
76,250
15,134
10,500
1,320
31,240
9,490
13,000
2,500

4,200
$714,575

00
00
00
00
00
00
00
00
00
50
00
62
00
12
00
00
00
00
00
50
25
00
00
00
00
00
00
00
00
00

4,830 00

Amount Invested.

$10,000
5,494
20,000
20,060
10,000
13,500
10,000
4,400
10,000

00
75
00
00
00
00
00
00
00

12,500 00
15,000 00
10,000
25,000
40,000
40,000
3,000
5,000
15,000
37,500
3,600
7,000
6,500
16,700
4,000
26,500
10,000
4,500
10,800
13,600
40,060
11,800
3,900
1,875
61,000
9,400
7,500
1,100
22,000
7,300
10,000
2,500

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

4,200 00

$822,678 74 $714,069 75

128

REPORT OF THE

[Pub. Doc.

City Institution for Savings — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 4£s, .
Old Colony R.R. 4s,
. . .
Penobscot Shore Line R.R. 4s,
Sullivan County R.R. 4 s,.
Worcester, Nashua & Roch. R.R. 4s,

$200,000
200,000
50.000
100,000
100,000
10.000
50.000
200,000
50.000
100,000
50.000

Estimated
Market Value.

$203,430
202,000
51.500
100,000
104,500
10,100
53.000
206,000
49.500
101,000
50.000

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$200,000
200,000
50.000
100,000
100,000
10.000
50.000
200,000
50.000
100,000
50.000

00
00
00
00
00
00
00
00
00
00
00

$1,110,000 $1,131,030 00 $1,110,000 00

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

$49,706 71
868 35

6,000 00

Kate.

Amount.

Kate.

2£ per cent.

$349,220 00
80,000 00
3,313,520 76

4i| per cent.
4|
»

4

49

“

5

“

Amount.

$50,500 00
240,377 77

Rate.

5£ per cent.

6

“

Value, by books, of real estate held or owned by foreclosure or otherwise,
$17,982
Assessed value of the s a m e ,.................................................................................
14,750
Net income received from same during year ending Oct. 31, 1896,
519
Number of loans which are of an amount not exceeding $3,000 each, 534
Aggregate amount of the s a m e , ........................................................................
714,081
Total number of loans upon real e s t a t e , ............................................. 658
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
316,796
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., $121,743 13
} 245,347
during the year ending Oct. 31, 1896, .
.
1 2 per cent., 123,604 52
Number of accounts opened during the year ending Oct. 31, 1896,
2,002
Number of accounts closed during the year ending Oct. 31, 1896,
1,918
Total number of open accounts Oct. 31, 1896,
.
.
.
.
16,036
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
13,302
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896......................................................................................................
823,611
Number of s a m e , .........................................................................................12,650
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896..................................................................................................................... 1,001,935
Number of s a m e , .........................................................................................18,047
Date of examination by commissioners : December 4.


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

27
00
30
69

99

65

91
40

25

No. 8.]

SAYINGS BANK COMMISSIONERS.

129

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, 50.

C h a r l e s L. S w a n , President*
C . L S. H a m m o n d , Treasurer*
C h a r l e s G . S t e v e n s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a r l e s L. S w a n ,
c . C. S tone,
L u c iu s F i e l d ,
John E . T h a y e r ,
G e o r g e P. T a y l o r .

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

B

ala n ce

Sh

eet

Octo ber

a .m

.

to 12

m

.

; 2 to 4

p m

.;

31, 1896.

A ssets.

L ia b il it ie s .

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stock, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)..........................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Premium account,
Oregon Short Line & Wabash
R.R. bonds,* .
.
.
.
Cash on hand, .
.
.
.

$63,000
367
85.000
2,400
95,700
25.000
818,689
552,768

00
00
00
00
34
97

00

124,400
6,990
10,333
10,682

00
55
72
91

00

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

,761,702 48
62,250 00
1,456 31

18,050 00
12,026 30
$1,825,408 79

$1,825,408 79

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
First National Bank, Boston,
First National Bank, Clinton,

$6,990 55
10,333 72

Loan on Public Funds : —
$1,000 United States 4 s ,....................................


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

$367 00

[Pub. Doc.

REPORT OF THE

130

Clinton Savings Bank — Continued.
Loan on Bank Stock : —
53 shares First National Bank, C l i n t o n , ...................................................... $2,400 00

Loan on Railroad Stock: —
250 shares Boston & Maine R . R . , ........................................................................ $25,000 00

Detailed Statement o f Public Funds.
Par Value.

City of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Cambridge, Mass., 6 s,.
of Providence, R. I., 6s, .
Town of Clinton, Mass., 4s,

$4,000
2,000
6,000
1,000
51,000
$63,000

Estimated
Market Value.

$4,130
2,200
5,570
1,080
53,550

00
00
00
00
00

$66,530 00

Amount Invested.

$4,000
2,000
5.000
1.000
51,000

00
00
00
00
00

$63,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

14 Atlas National Bank, Boston, .
2 Boston National Bank, Boston,
20 Central Nat’l Bank, Boston, .
16 Howard Nat’l Bank, Boston, .
50 Manufacturers’ N’l B’k, Boston,
20 Market Nat’l Bank, Boston, .
30 Metropolitan N’l B’k, Boston,.
44 N’l B’k of No. America, Boston,
5 National City Bank, Boston, .
10 N’l Hide & Leather B’k, Boston,
70 N’l Webster Bank, Boston,
339 First National Bank, Clinton,.
40 Fitchburg N’l B’k, Fitchburg,.
50 First NTBank, New Bedford,.
50 National Bank of Commerce,
New Bedford,
50 Orange Nat’l Bank, Orange, .


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

Par Value.

$1,400
200
2,000
1,600
5,000
2,000
3,000
4,400
500
1,000
7,000
33,900
4,000
5,000

Estimated
Market Value.

$1,596
180
2,340
1,424
5,000
1,535
2,700
4,279
390
1,057
6,730
42,375
6,000
7,650

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

Amount Invested.

$1,400
200
4,000
1,600
5,000
2,000
3,000
4,400
500
1,000
7,000
33,900
6,000
5,000

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

5,000
5,000

3,750 00
8,000 00

5,000 00
5,000 00

$81,000

$95,006 50

$85,000 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

131

Clinton Savings Bank — Concluded.
Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4^s,
Boston & Lowell R.R. 5s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s..............................
Maine Central R.R. 7s, .
Old Colony R.R. 4 s,.
Old Colony R.R. 6s,.
St. Johnsbury & Lake Champlain
R. R. 5s, .
.
.
.
.
.

$20,000
1,000
4,000
6,000
35,000
7,000
1,000
10,000
10,000

Estimated
Market Value.

$20,300
1,005
4,080
6,000
36,825
9,390
1,030
10,100

00
00
00
00
00
00
00
00

Amount Invested.

$20,000
1,000
4,000
6,000
35,000
7,000
1,000
10,000

00
00
00
00
00
00
00
00

11,800 00

11,700 00

$94,000 $100,530 0Q

$95,700 00

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

$6,990 55
43,100 00
50,000 00

Kate.

Amount.

Rate.

2 J per cent.

$105,000 00
146,500 00
926,485 31

4^ per cent.
4|
5
“

4
4^

“

“

Amount.

$75,500 00
173,578 00
3,462 00

Rate.

5£ per cent.

6
7

Number of loans which are of an amount not exceeding $3,000 each,. 361
Aggregate amount of the s a m e , ........................................................................ $297,382
Total number of loans upon real estate,
.
.
.
.
.
.
396
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct 31, 1 8 9 8 , ........................................................................
77,872
Times for the dividends fixed by the by-laws: second Monday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $32,366 62 1
65,686
during the year ending Oct. 31,1896,.
.
. ( 2 per cent., 33,320 33 i
Number of accounts opened during the year ending Oct. 31, 1896,
. 807
Numher of accounts closed during the year ending Oct. 31, 1896,
. 591
Total number of open accounts Oct. 31, 1896,
.
.
.
.
5,519
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of t a x e s ) , ..........................................................................................
4,415
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
316,766
Number of s a m e , .................................................................................5,003
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896....................................................................................................................
287,603
Number of s a m e ,.................................................................................3,718
Date of examination by commissioner: February 18.


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

56

15

95

05
13

99

[Pub. Doc

REPOET OF THE

132

COHASSET S A V IN G S B A N K — COHASSET.
Incorporated Feb. 28, 1845.

Present number of corporators, 42.

A b r a h a m H . T o w e r , President.
C a l e b L o t h r o p , Treasurer.
C a l e b L o t h r o p , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
M o r g a n B. S te tso n ,
C h a s . F. T i l d e n ,

L ou is N. L in c o l n ,
A b r a h a m H. T o w e r .

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

B

a la n ce

Sh

eet

Oc to ber

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, . Expense account,
Suspense account,
Cash on hand,
.
.
.
.

m .;

1.30 to 4 p . m .

31, 1896.

L ia b il it ie s .

$9,000
50,900
23.000
13,260
398,034
87,450

00
00
00
00
15
00

47.000
11,040
819
419
1,709

00
79
18
11
22

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

$642,632 45

$599,837 76
24,540 00
8,858 80
9,395 89

$642,632 45

Cash on Deposit m Banks, amount in each: —
Boston National Bank, B o s t o n ,........................................................................$9,943 44
Hingham National Bank, H in g h a m ,...............................................................
1,097 35

Detailed Statement o f Public Funds.

City of Springfield, Ohio, 4|s,


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

Par Value.

Estimated
Market Value.

$9,000

$9,480 00

Amount Invested.

$9,000 00

No. 8.]

133

SAVINGS BANK COMMISSIONERS

Cohasset Savings Bank — Continued.
No. of [1
Shares. |

Detailed Statement o f Bank Stocks.
Par Value.

30 Atlas National Bank, Boston,
13 Blackstone Nat’l Bank,Boston,
45 Boston National Bank, Boston,
20 Columbian N’l Bank, Boston,.
40 Continental N’l Bank, Boston,
20 Everett Nat’l Bank, Boston, .
30 Market Nat’l Bank, Boston, .
23 Merchants’ N’l Bank, Boston,
22 N’l B’k of the Republic, Boston,
43 National City Bank, Boston, .
18 National Eagle Bank, Boston,
25 N’l Hide & Leather B’k, Boston,
45 Nat’l Revere Bank, Boston,
15 National Union Bank, Boston,
10 Nat’l Webster Bank, Boston, .
12 North National Bank, Boston,
32 Shawmut Nat’l Bank, Boston,
38 State National Bank, Boston, .
18 Tremont Nat’l Bank, Boston, .
10 Washington N’l B’k, Boston, .

$3,000
1,300
4,500
2,000
4,000
2,000
3,000
2,300
2,200
4,300
1,800
2,500
4,500
1,500
1,000
1,200
3,200
3,800
1,800
1,000
$50,900

Estimated
Market Value.

$3,420
1,118
3,960
1,900
4,000
11,580
2,250
3,335
3,036
3,225
1,260
2,625
3,600
1,950
980
1,200
3,456
4,028
1,512
1,010

Amount Invested.

$3,000
1,300
4,500
2,000
4,000
2,000
3,000
2,300
2,200
4,300
1,800
2,500
4,500
1,500
1,000
1,200
3,200
3,800
1,800
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
00
00
00
00
00
00
00
00
00
00
00
00

$50,900 00

$49,445 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$13,000
10,000

$15,600 00
10,500 00

$13,000 00
10,000 00

$23,000

$26,100 00

$23,000 00

Par Value.

Eastern R.R. 6s,
.
Upper Coos R.R 4Js,

.

.

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

Amount.
$11,040 79

10,000 00
9,000 00

2 per cent.
4

ii


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

“
“

Kate.

Amount.

4J per cent.

$101,800 00
113,284 15
5,000 00

Amount.
$52,300 00
18,000 00
223,100 00

4|

»

5

“

Kate.
per cent.

6
6h

“

134

REPOET OF THE

[Pub. Doc.

Cohasset Savings Bank — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise, .
$13,260 00
Assessed value of the s a m e ,.................................................................................
13,750 00
Net income received from same during year ending Oct. 31, 1896,
70 11
Number of loans which are of an amount not exceeding $3,000 each, . 156
Aggregate amount of the s a m e , ........................................................................
154,328 00
Total number of loans upon real e s t a t e , ............................................. 190
Amount of investments from which no income is received, .
.
.
.
2,960 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
31,317 47
Times for the dividends fixed by the by-laws; first Tuesday in January
and July.
Rate and amount of each semi-annual dividend j 2j per cent., $12,651 72 ?
24,061 78
during the year ending Oct. 31, 1896,
.
. 1 2 per cent., 11,410 06 )
Number of accounts opened during the year ending Oct. 31, 1896,
. 149
Number of accounts closed during the year ending Oct. 31,1896, .
. 125
Total number of open accounts Oct. 31, 1896....................................
1,390
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes)...................................................................... .........
2,253 49
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
67,857 42
Number of s a m e , ..................................................................................... 789
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
71,362 05
Number of s a m e , ..................................................................................... 907
Date of examination by commissioner: August 25.


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

No. 8.]

135

SAYINGS BANK COMMISSIONERS

C O N W A Y SA V IN G S B A N K — C O N W A Y .
Incorporated March 10, 1887.

Present number of corporators, 23.

J o h n B . P a c k a r d , President.
W . G . A v e r t , Treasurer.
W . G . A v e r y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Car los B a t c h e l d e r ,
J o h n B. P a c k a r d ,
A rth u r P. D elab a r r e ,
H a r r is D . P e a se ,
C h a r l e s B. M e r r i t t .

Open for business every business day, 9

B

a lan ce

Sh

eet

Octo ber

a m

. to 3

p .m .

31, 1896.
L ia b il it ie s .

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock,.
Bailroad bonds as per schedule
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)................................
Deposits in banks, on interest,
Cash on hand,

$5,000
5,000
7,700
5,000
113,025
11,580

00
00

00

00
00
00

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

$169,101 36
2,698 09
880 82

3,800 00
17,500 00
4,075 27
$172,680 27

$172,680 27

Cash on Deposit in Banks, amount in each : —
Conway National Bank, C o n w a y ,........................................................................ $5,000 00
City National Bank, Holyoke,.................................................................................
5,000 00
Park National Bank, H o l y o k e , ........................................................................
2,500 00
Pynchon National Bank, S p r in g fie ld ,...............................................................
5,000 00
Loans on Bank Stock, amount on each: —
40 shares Agawam National Bank, Springfield.................................................... $3,200 00
10 shares City National Bank, H o l y o k e , ......................................................
800
3 shares Conway National Bank, C o n w a y ,......................................................
200
5 shares Northampton National Bank, Northampton,....................................
500
30 shares Park National Bank, H o l y o k e , ......................................................
3,000


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

00
00
00
00

136

[Pub. Doc

REPORT OF THE

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

Par Value.

City of
of
of
of

Boston, Mass., 5s,
Holyoke, Mass., 4s,
Milwaukee, Wis., 5s, .
Worcester, Mass., 5s, .

Estimated
Market Value.

$1,000
2,000
1,000
1,000

$1,100
2,070
1,120
1,090

$5,000

$5,380 00

Amount Invested.

00
00
00
00

$1,000
2,000
1,000
1,000

00
00
00
00

$5,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

30
10
10

Con wav Nat’l Bank, Conway,
City National Bank, Holyoke,
Adams N’l B’k, North Adams, .

Par Value.

Estimated
Market Value.

$3,000
1,000
1,000

$3,000 00
1,050 00
1,150 00

$3,000 00
1,000 00
1,000 00

$5,000

$5,200 00

$5,000 00

Amount Invested.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Connecticut River R.R. 4s,
Fitchburg R.R. 6s, .
Old Colony R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

$1,000
1,000
1,000
1,000
1,000

$1,035
1,030
1,010
1,040
1,020

$5,000

$5,135 00

00
00
00
00
00

Amount Invested.

$1,000
1,000
1,000
1,000
1,000

00
00
00
00
00

$5,000 00

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

Amount.

$15,500 00

4 per cent.


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

Amount.

$127,210 00

Kate.

5 per cent.

Amount.

$10,895 00

Rate.

6 per cent.

No. 8.]

SAYINGS BANK COMMISSIONERS.

137

Conway Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 93
Aggregate amount of the same................................ ............................................ $87,905 00
Total number of loans upon real e s t a t e , ............................................. 85
Gross amount of interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 6 ,........................................................................
7,766
Times for the dividends fixed by the by-laws: May 1 and November 1.
Rate and amount of eachsemi-annual dividend J 2 per cent., $3,053 44 1
g 254
during the year ending Oct. 31,1896, .
. 1 2 per cent.,
3,201 54 i
Number of accounts opened during the year ending Oct. 31, 1896, . 87
Number of accounts closed during the year ending Oct. 31, 1896,
. 61
Total number of open accounts Oct. 31, 1 8 9 6 , ................................... 642
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
587
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896...................................................................................................
28,837
Number of same, .
382
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ...........................................................................................................
28,395
Number of s a m e ,............................................................................................. 339
Date of examination by commissioner: July 10.


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

88
93

43
32

66

138

REPORT OF THE

[Pub. Doc.

C O U N T Y S A V IN G S B A N K -C H E L S E A .

Incorporated Feb. 27,1890.

Present number of corporators, 57.

A l b e r t D . B osson , President.
G e o r g e T . R o b e r t s , Treasurer.
V e r n o n A . F i e l d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o h n H . C u n n in g h a m ,
M il t o n R a t ,

A l b e r t D . B osson ,
John M u llo y ,

G e o r g e W . M oses ,

W

il l ia m

S. H ix o n .

Open for business every business day, 8 a . m . to 1 p . m . ; Mondays, Wednesdays and
Thursdays, 5 to 8 p . m . ; Saturdays, 5 to 9 p . m .

B

a la n ce

Sh

eet

Oc to ber

A ssets.

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

31, 1896.

L ia b il it ie s .

$22,575
15,400
1,900
16,000
248,794
42,000

00
00
00
34
00

15,375
15,220
153
1,700
513

00
99
09
00
46

00

$379,631 88

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

$366,907 88
6,500 00
1,078 51
5,145 49

$379,631 88

Cash on Deposit in Banks, amount in each: —
First Ward National Bank, Boston,
Wintbrop National Bank, Boston,
Winnisimmet National Bank, Chelsea, .


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

$6,384 54
1,022 85
7,813 60

No. 8.]

SAYINGS BANK COMMISSIONERS

139

County Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
$800 00*
800 00*
300 00

10 shares Winnisimmet National Bank, Chelsea.............................
10 shares Winnisimmet National Bank, Chelsea, .
.
.
.
10 shares Baxter National Bank, Rutland, Vt., .
.
.
.

* The bank has been notified that these loans, in excess of the legal limit, must be corrected.

Detailed Statement o f Public Funds.
Par Value.

City of Brockton, Mass., 4s, .
of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 4Js, .
of Haverhill, Mass., 4s, .
of Lewiston, Me., 5s,
of Milwaukee, Wis., 5s, .
of Springfield, Ohio, 6s, .
Town of Ashland, Mass., 4s, .
of South Wayne, Ind., 6s,
United States 4s,

$4,000
3.000
1.000
1,000
500
3.000
3,575
700
800
5.000
$22,575

Estimated
Market Value.

$4,010
3.000
1.000
1,005
502
3,222
3,819
700
800
5,950

00
00
00
00
50
50
49
00
00
00

$24,009 49

Amount Invested.

$4,000
3.000
1.000
1,000
500
3.000
3,575
700
800
5.000

00
00
00
00
00
00
00
00
00
00

$22,575 00

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

11
25
4
3
1
6
15
10
20
10
10
15
6
5
10
3

Par Value.

Columbian N’l Bank, Boston,.
First Ward N’l Bank, Boston,.
Freeman’s N’l Bank, Boston, .
N’lB ’k of No America, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Old Boston N’l Bank, Boston,.
Third National Bank, Boston,.
Washington N’l Bank, Boston,
First National Bank, Chelsea,.
Winnisimmet N’l B’k, Chelsea,
Dedham Nat’l Bank, Dedham,
First N’l Bank, Newburyport,
So Danvers N’l B’k, Peabody,
Mechanics’ N’l B’k, Worcester,


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

$1,100
2,500
400
300
100
600
1,500
1,000
2,000
1,000
1,000
1,500
600
500
1,000
300
$15,400

Estimated
Market Value.

$1,045
3,175
350
291
75
420
1,575
1,050
1,740
1,010
1,000
1,425
630
630
1,170
255

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

$15,841 00

Amount Invested.

$1,100
2,500
400
300
100
600
1,500
1,000
2,000
1,000
1,000
1,500
600
500
1,000
300

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

$15,400 00

140

[Pub. Doc.

REPORT OF THE

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

Par Value.

$3,000
6,000
1,000
500
500
5,000

Cheshire R.R. 6s,
.
.
Concord & Montreal R.R. 4s, .
Maine Central R.R. 4s, .
Maine Central R.R. 4£s, .
Maine Central R.R. 5s, .
Upper Coos R.R. 4s,
. . .

$16,000

Estimated
Market Value.

Amount Invested.

$3,090
6,060
1,000
530
557
4,750

$3,000
6,000
1,000
500
500
5,000

00
00
00
00
50
00

$15,987 50

00
00
00
00
00
00

$16,000 00

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

Amount.

$7,407 39
7,813 60
4,500 00

Bate.

2 per cent.
21
“
5

Amount.

$5,000 00
275,069 34

Bate.

54 per cent.

6

Amount.

$21,500 00

2,000 00

Bate.

7 per cent.
8

“

“

Number of loans which are of an amount not exceeding $3,000 each,. 178
. $235,495 25
Aggregate amount of the s a m e , ...................................................... ........
Total number of loans upon real estate,
.
.
.
.
.
.
178
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1896, ........................................................................ 21,115 09
Times for the dividends fixed by the by-laws: third Saturday in April
and October.
Rate and amount of each semi-annual dividend t 2 per cent., $6,198 94 )
during the year ending Oct. 31,1896,.
.
. < 2 per cent., 6,659 44 )
’ 0
Number of accounts opened during the year ending Oct. 31, 1896,
. 336
Number of accounts closed during the year ending Oct. 31, 1896,
. 243
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,720
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
3,366 27
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
155,595 70
ending Oct. 31, 1 8 9 6 ,..........................................................................................
Number of s a m e ,................................................................................. 2,888
Amount of withdrawals, including dividends, during the year ending Oct.
135,558 92
3 1 , 1 8 9 6 , ............................................................................................................
Number of s a m e ,................................................................................. 2,085
Date of examination by commissioner: March 6.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

141

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.

Present number of corporators, 31.

G. L. H is t , 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. Goddard,
Jam es A . G unn.

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

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

A

sse ts.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
.
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Real estate,....................................
Cash on hand, .
.
.
.

31, 1896.

L ia b il it ie s .

$84,000
24,500
7,300
83,500

00
00
00
00

31,000
783
409,415
254,776

00
84
75
00

9,800
135
9,000
5,055

00
00
00
38

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

$886,641 63
28,500 00
4,703 45

200 00
379 11
$919,845 08

$919,845 08

Cash on Deposit in Bank: —
Crocker National Bank, Turner’s Falls..............................................................$14,055 38
Loans on Bank Stock, amount on each: —
36 shares Crocker National Bank, Turner’s Falls,
8 shares Crocker National Bank, Turner’s Falls,
5 shares Crocker National Bank, Turner’s Falls,
40 shares Packard National Bank, Greenfield, .


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

$2,500
400
400
4,000

00
00
00
00

142

[Pub. Doc

REPORT OF THE

Crocker Institution for Savings — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 5s,
of Cambridge, Mass., 4s,.
of Cleveland, Ohio, 5s, .
of East Saginaw, Mich.,5s,
of Fort Wayne, Ind., 4£s,
of Fort Wayne, Ind., 6s, .
of Lynn, Mass., 5s, .
of Meriden, Conn., 4s,
of Milwaukee, Wis., 5s, .
of Providence, R. I., 5s, .
of Salem, Mass., 5s,
of Somerville, Mass., 4£s,
of Springfield, Mass., 4s,
Town of Turner’s Falls, Mass. (Fire
District), 4s, .
District of Columbia 5s, .
District of Columbia 6s, .

$5,000
4,000
20,000
4,000
3,000
4,000
1,000
1,000
5,000
5,000
5,000
7,000
2,000
5,000

Estimated
Market Value.

$5,525
4,440
20,700
4,215
3,135
4,200
1,045
1,085
5,100
5,700
5,250
7,560
2,125
5,250

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

Amount Invested.

$5,000
4,000
20,000
4,000
3,000
4,000
1,000
1,000
5,000
5,000
5,000
7,000
2,000
5,000

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

3,000
8,000
2,000

3,050 00
8,240 00
2,240 00

3,000 00
8,000 00
2,000 00

$84,000

$88,860 00

$84,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
7
40
10
10
6
5
40
117

Par Value.

Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.
Continental N’l Bank, Boston,
Eliot 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
700
4,000
1,000
1,000
600
500
4,000
11,700
$24,500

Estimated
Market Value.

$1,150
665
4,000
1,200
1,110
590
420
4,400
14,275

00
00
00
00
00
00
00
00
00

$27,810 00

Amount Invested.

$1,000
700
4,000
1,000
1,000
600
500
4,000
11,700

00
00
00
00
00
00
00
00
00

$24,500 00

No. 8 ]

143

SAYINGS BANK COMMISSIONERS.

Crocker Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Maine R.R. 4^s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4£ s,.
Fitchburg R.R. 5s, .
Maine Central R.R. 4js, .
Old Colony R.R. 4s,
. . .
Portland & Ogdensburg R.R. 6s, .
Vermont & Massachusetts R.R. 5s,
Worcester & Nashua R.R. 4 s,.

Estimated
Market Value.

$10,000
15.000
5.000
2.000
5.000
15.000
5.000
13.000
3,500
5.000
5.000

$10,600
17,100
5,050
2,060
5,000
15,550
5.300
13,390
3,710
5.300
5,100

$83,500

$88,160 00

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

$10,000
15.000
5.000
2.000
5.000
15.000
5.000
13.000
3,500
5.000
5.000

00
00
00
00
00
00
00
00
00
00
00

$83,500 00

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

Amount.

$9,000 00
8,800 00

2J per cent.
4

“

Amount.

$30,000 00
616,026 75

Rate.

4\ per cent.
5

Amount.

$6,600 00

Rate.

6 per cent.

Amount invested in real estate for banking purposes........................................$31,000 00
Estimated value of the s a m e , ........................................................................
31,000
Assessed value of the s a m e ,.................................................................................
22,400
Net income received from same during year ending Oct. 31, 1896,
.
.
1,545
Value, by books, of other real estate held or owned by foreclosure or
otherwise, .
* . ..........................................................................................
983
Assessed value of the same........................................ ............................................
1,300
N umber of loans which are of an amount not exceeding $3,000 each, 384
Aggregate amount of the s a m e , ........................................................................
322,926
Total number of loans upon real e s t a t e , ............................................. 356
983
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
43,354
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $16,643 19 1 gg ^ 4
during the year ending Oct. 31, 1896,
.
. 1 2 per cent.,
17,281 40 )
’
Number of accounts opened during the year ending Oct. 31, 1896,
. 358
Number of accounts closed during the year ending Oct. 31, 1896,
. 256
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,468


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

00
00
84
84
00
75
84
39

59

144

REPOET OF THE

[Pub. Doc.

Crocker Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,..........................................................................................
Number of same, .
........................................................................ 2,075
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e ,................................................................................. 1,568
Date of examination by commissioner : April 14.


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

$2,591 02
138,138 02

142,274 53

No. 8.]

SAYINGS BANK COMMISSIONERS.

145

D A N V E R S SA V IN G S B A N K — D A N V E R S .
Incorporated March 20, 1850.
A u g u stu s M u d g e , President.
A l b io n F . W

Present number of corporators, 41.
A l b io n F . W e l c h , Treasurer.

elch ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
I r a P . P o pe,
J. F r a n k P o r t e r ,
C h as. H . G ould,
G il b e r t A . T a p l e y ,
S a l m o n D . H o od .

Open for business every business day except Saturdays, 8
Saturdays, 8 a . m . to 12 m .
Balance

S heet O ctober

,

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,.
Loans on railroad stock, .
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Tax account,
.
.
.
.
Taxes paid,....................................
Cash on hand,
.
.
.
.

$ 10,000
141,480
20,800
150,000

a m.

to 12

m.

; 1 to 3

p .m .

;

31, 1896.

L ia b il it ie s .

00
50

00
00

100,000 00

Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,.
Rent,

$1,405,077
70,825
7,927
39,442
229

60
00
23
75
17

56,520 50
509,181 00
500,855 00

12,200 00

150
17,509
2,003
191
384

00
15
75

66

95
6 79
2,218 45

$1,523,501 75

$1,523,501 75

Cash on Deposit in Banks, amount in each: —
Faneuil Hall National Bank, B o ston ,............................................................... $17,290 98
Maverick National Bank, Boston,
...............................................................
3 75
First National Bank, D a n v e r s ,........................................................................ 2,218 17
Loans on Bank Stock, amount on each : —
3 shares Naumkeag National Bank, S a l e m , .............................................i
.
............................................. >
16 shares First National Bank, D a n v e rs,......................................................J
228 shares Massachusetts National Bank, B o s t o n , ....................................
50 shares Amesbury National Bank, A m e s b u r y ,....................................

6 shares Salem National Bank, Salem,

* This loan has since been reduced within the legal limit.


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

$1,800 00*
15,000 00
4,000 00

146

REPORT OF THE

[Pub. Doc.

Danvers Savings Bank — Continued.
Loans on Railroad Stock, amount on each : —
500 shares Boston & Maine R . R , ....................................................................... $50,000 00
450 shares Boston & Maine R . R . , ...............................................................
50,000 00

Detailed Statement o f Public Funds.
Par Value.

City of Boston, Mass., 4s,

$10,000

Estimated
Market Value.

$10,050 00

Amount Invested,

$10,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

50
35
10
85
34
68
20
50
60
71
65
70
75
50
80
10
25
131
75

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Continental N’l Bank, Boston,
Globe National Bank, Boston,
Hancock Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’ l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’lB ’k of No. America, Boston,
N’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
National Revere Bank, Boston,
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
First National Bank, Danvers,
National Bank of Commerce,
New Bedford,
125 First N’l Bank, New Bedford,
20 Warren Nat’ l Bank, Peabody,.
10 Rockport N’l Bank, Rockport,
270 Asiatic National Bank, Salem,
7 First National Bank, Salem, .
5 Naumkoag Nat’l Bank, Salem,
25 Salem National Bank, Salem,.


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

Par Value.

Estimated
Market Value.

Amount Invested.

$5,000
3,500
1,000
8,500
3,400
6,800
2,000
5,000
6,000
7,100
6,500
7,000
7,500
5,000
8,000
1,000
2,500
9,825

$5,700
3,010
1,000
7,055
2,210
5,780
1,400
7,250
6,660
6,887
7,475
8,540
6,000
5,300
6,960
840
2,525
9,694

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

$5,675
3,500
1,080
10,612
3,345
6,800
2,100
6,475
6,000
7,268
7,901
7,097
7,500
5,356
8,000
1,000
2,500
10,197

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

7,500
12,500
2,000
1,000
8,100
700
500
2,500

5,625
19,125
2,400
1,200
7,560
630
625
2,775

00
00
00
00
00
00
00
00

8,962
14,947
2,000
1,000
8,100
700
500
2,862

50
25
00
00
00
00
00
50

$130,425

$134,226 00

$141,480 50

No. 8.]

147

SAYINGS BANK COMMISSIONERS.

Danvers Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4s,.
Boston, Winthrop & Shore R.R. 5s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. os..............................
Upper Coos R.R. 4is,
Worcester, Nashua & Roch. R.R. 4s,

$35,000
20,000
25.000
10.000
10,000
10,000
25.000
15.000
$150,000

Estimated
Market Value.

$36,050
21,000
25,750
9,900
10,000
10,450
26,250
15,300

00
00
00
00
00
00
00
00

$154,700 00

Amount Invested.

$35,000
20,000
25.000
10.000
10,000
10,000
25.000
15.000

00
00
00
00
00
00
00
00

$150,000 00

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

.

$17,509 15
56,000 00

100,000 00
99,500 00

Rate.

2 per cent.

4
44
*4

“
“
“

Amount.

$15,000 00
366,425 00
186,895 00

Rate.

Amount.

Rate.

4| per cent.
5
“
54
“

$305,571 00
5,000 00
8,795 00

6 per cent.
64
7

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the same, .
.
.•
.
.
.
.
Number of loans which are of an amount not exceeding $3,000 each, 247
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 245
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
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., $26,973 28 1
during the year ending Oct. 31, 1896,
.
. I 2 per cent.,
27,324 28 i
Number of accounts opened during the year ending Oct. 31, 1896,
. 325
Number of accounts closed during the year ending Oct. 31, 1896,
. 310
Total number of open accounts Oct. 31, 1896,
.
.
.
.
4,011
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896.....................................................................................................
Number of s a m e , .......................................................................................... 2,155
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , .......................................................................................... 2,431
Date of examination by commissioner: January 21.


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

“

$56,520 50
49,650 00
228,086 00
3,670 27
73,187 35
54,297 56

3,108 48
159,937 99

210,799 50

148

REPORT OF THE

[Pub. Doc,

D E D H A M IN S T IT U T IO N FOR S A V IN G S — D E D H A M .

Incorporated March 19, 1831.

Present number of corporators, 108.

A ugustus 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 ugu stu s B . E n d ic o t t ,
H o w a r d Co lb u r n ,
W in s l o w W a r r e n ,
John R . B u l l a r d ,
D on G. H i l l .

Open for business every business day except Saturdays, 9 a .m . to 12.30 p .m . ; 2 to 4 p .m .
Saturdays, 9 a .m . to 12 m .

Balance

Sh e e t O c t o b e r

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses)...........................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,

31, 1896.

L ia b il it ie s .

$764,000 00
70.100 00

666,000 00

$2,722,516 58
135,517 11

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

127,267 13

35,000 00
576,100 00
661,375 00
159,625 00
51.100 82

2,000 00
$2,985,300 82

$2,985,300 82

Cash on Deposit in Bank: —
Dedham National Bank, Dedham


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

.

$53,100 82

No. 8.]

149

SAYINGS BANK COMMISSIONERS

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 , 4s,
of Cambridge, Mass., 6s,
of Canton, Ohio, 5s,
of Chicago, 111., 7s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 5s,
of Dayton, Ohio, 6s,
of Fail River, Mass., 4^s,
of Fall River, Mass.. 4^s,
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s, .
of Grand Rapids, Mich., 5s,
of Manchester, N. H., 4is,
of Milwaukee, Wis., 5s, .
of Newton, Mass., 6s,
of Portland, Me., 6s.
of Portsmouth, N. H., 4s,
of Providence, R. I., 4£s,.
of Scranton, Pa , 4£s,
of Somerville, Mass., 4£s,
of Springfield, Mass., 6 s,.
of Springfield, Ohio, 4js,
Town of Danvers, Mass., 5s, .
of Hopkinton, Mass., 5s,
of Methuen, Mass., 4s, .
District of Columbia 5s, .

$22,000
18,000
112,000
10,000
38,000
10,000
15,000
2,000
40,000
1,000
10,000
25,000
10,000
25,000
35,000
4,000
17,000
38,000
10,000
15,000
50,000
16,000
40,000
20,000
20,000
25,000
15,000
2,000
40,000
4,000
20,000
25,000
30,000
$764,000

Estimated
Market Value.

$24,200
20,880
117,120
11,150
39,520
11,600
15,425
2,160
42,800
1,025
10,000
27,500
10,800
27,000
37,250
4,060
18,110
40,660
10,600
16,200
51,630
18,400
48,000
20,500
20,400
27,000
15,450
2,360
40,900
4,360
22,400
26,250
30,900

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

$816,610 00

Amount Invested.

$22,000
18,000
112,000
10,000
38,000
10,000
15,000
2,000
40,000
1,000
10,000
25,000
10,000
25,000
35,000
4,000
17,000
38,000
10,000
15,000
50,000
16,000
40,000
20,000
20,000
25,000
15,000
2,000
40,000
4,000
20,000
25,000
30,000

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

$764,000 00

* Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

145
50
25

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Globe National Bank, Boston,.


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

$14,500
5,000
2,500

Estimated
Market Value.

$16,530 00
4,300 00
2,100 00

Amount Invested.

$14,500 00
5,000 00
2,500 00

150

KEPORT OF THE

[Pub. Doc.

Dedham Institution for Savings — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

40
75
25
56
60
50
25
150

Par Value.

Howard Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,.
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston, .
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Dedham Nat’l Bank, Dedham,

Estimated
Market Value.

$4,000
7,500
2,500
5,600
6,000
5,000
2,500
15,000
$70,100

$3,520
7,875
3,250
5,488
8,220
5,400
2,650
15,750

00
00
00
00
00
00
00
00

$75,083 00

Amount Invested.

$4,000
7,500
2,500
5,600
6,000
5,000
2,500
15,000

00
00
00
00
00
00
00
00

$70,100 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 & Lowell R.R. 5s,
Boston & Maine R R. 4^s,
Boston, Revere Beach & Lynn R.R. 6s,
Boston, Winthrop & Shore R.R. 5s,
Eastern R.R. 6s,
. . .
Fitchburg R R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4£s, .
Maine Central R R. 7s, .
Newport & Richford R R. 5s, .
N. Y., Providence & Boston R.R. 7s,
Old Colony R.R. 4s,
. . .
Old Colony R.R. 6s,
. . .
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4js,
.
.
.
.
.
Salem & Lowell R R. 6s,
Vermont & Massachusetts R.R. 5 s ,.


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

$25,000
80,000

Estimated
Market Value.

Amount Invested.

$26,000 00
80,400 00

$25,000 00
80,000 00

35,000
20,000
5,000
5,000
45,000
11,000
28,000
29,000
45,000
15,000
3,000
31,000
35,000
40,000
25,000
13,000
31,500
15,000
10,500
119,000

36,400
20,600
5,100
5,125
51,750
11,055
30,240
33,930
45,000
15,350
3,150
34,900
38,500
42,400
26,250
13,130
33,390

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

35,000
20,000
5,000
5,000
45,000
11,000
28,000
29,000
45,000
15,000
3,000
31,000
35,000
40,000
25,000
13,000
31,500

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

16,800 00
10,605 00
126,140 00

15,000 00
10,500 00
119,000 00

$666,000 $706,215 00

$666,000 00

A legal investment when made.

No. 8.]

151

SAYINGS BANK COMMISSIONERS.

Dedham Institution for S a v in g s - - Concluded.
Total Amount o f Loans, ivith Each Specified Rate o f Interest.

Rate.

Amount.

Rate.

2 per cent.

$125,000 00
323,300 00
37,000 00

4| per cent. •
5
“
5i
“

Amount.

$51,100
109,625
145,000
30,000

82
00
00
00

4
44
4i

“
“

Rate.

Amount.

$77,975 00
539,200 00

10,000 00

5J per cent.

6
64

Amount invested in real estate for banking purposes,....................................
Estimated value of the sam e,................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31,1896,
Number of loans which are of an amount not exceeding $3,000 each, . 399
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate.......................................................426
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws : second Saturday in May and
November.
Rate and amount of each 6emi-annual dividend f 2 per cent., $49,988 55 1
during the year ending Oct. 31, 1896,
.
. 1 2 per cent.,
51,589 82 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 895
Number of accounts closed during the year ending Oct. 31, 1896,
. 698
Total number of open accounts Oct. 31, 1896,
.
.
.
.
6,950
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 6 ,..........................................................................................
Number of s a m e , .................................................................................4,433
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e ,........................................................................ ,
3,992
Date of examination by commissioner: May 22.


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

“

$35,000
50,000
60,200
537

00
00

00
24

394,450 00

140,641 57

101,578 37

6,386 73
418,510 89

431,164 55

152

REPORT OF THE

[Pub. Doc.

D O R CH ESTE R S A V IN G S B A N K — DORCH ESTER.
Incorporated April 16, 1894.

Present number of corporators, 32.

A. P. M artin , President.
G eorge T. Sears , Treasurer.
George I. R obinson, Jr., Clerk o f the Corporation.*
Names of committee charged with the investment of its funds :
A lbert H. Stearns,
John E . T uttle,
Charles E. Cumings .
Open for business every business day except Saturdays, 2 to 7
2 to 9 p . m .

B

a la n ce

Sh

eet

Octo ber

p .m

.

;

Saturdays,

31, 1896.

A ssets.

L ia b il it ie s .

Loans on public funds,
Deposits in banks, on interest, .
Expense account,
Profit and loss account,
Furniture and fixtures,
Cash on hand,
.
.
.
.

$7,350
5,816
891
57
1,452
472

00
40
49
95
71
44

Deposits, .
Interest account,

$16,040 99

$16,017 82
23 17

$16,040 99

* Resigned N ov. 21, 1896.

Cash on Deposit in Banks, amount in each : —
Howard National Bank, Boston,........................................................................ f 1,316 40
Union Loan and Trust Company, Boston, .
.............................................
4 goo 00
Loan on Public Funds: —
$5,000 State of Massachusetts 3 s ,....................................................................... .
$2,500 Note of Town of Saugus, Mass................................................................ j

$7,350 00

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

$1,316 40

Rate.

2 per cent.


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

Amount.

$4,500 00

Rate.

3 per cent.

Amount.

$7,350 00

Rate.

5 per cent.

No. 8.]

SAVINGS BANK COMMISSIONERS.

153

Dorchester Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896, .................................................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate aud amount of each semi-annual dividend during the year ending

$23 17

Oct. 31, 1896, 2 per c e n t . , .................................................................................
Number of accounts opened during the year ending Oct. 31, 1896,
. 452
Number of accounts closed during the year ending Oct. 31, 1896,
. 17
Total number of open accounts Oct. 31, 1 8 9 6 , .................................... 435
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu-

57^95

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

891 49

ing Oct. 31, 1896.....................................................................................................
Number of s a m e , ................................................................................ 1,001
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896,.......................................................................................
.
.
.

20,776 72

Number of s a m e , ..........................................................................................
Date of examination by commissioner: November 16.


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

4,816 85

154

[Pub. Doc.

REPORT OF THE

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

Incorporated April 26, 1848.

Present number of corporators, 27.

George T. Sampson, President.
"William B. P igeon , Treasurer.
W illiam B. P igeon , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
John T hompson,
W m . B. P igeon ,
R ufus Cushman ,

George L. T horndike ,
W illiam W aters , Jr.,
E. M. M cP herson.

Open for business every business day, 9 a .m . to 2 p .m .; Saturdays, 7 to 9 p .m .; dur­
ing June, July, August and September, close at 1 p . m . Saturdays.

B alance Sheet October 31, 1896.

A ssets.

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

L ia b il it ie s .

$464,000
257,071
1,800
243,000

00
00

15,000
6,500
1,576,552
313,375
83,145
3,413
10,599

00
00
00
00
48
37
00

00

00

$2,974,455 85

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

$2,732,351 88
137,106 89
31,765 33
73,231 75

[$2,974,455 85

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ........................................................................ $43,389 94
First Ward National Bank, B o s t o n , ...............................................................
39,755 54
Loan on Bank Stock : —
20 shares First Ward National Bank, Boston,


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

$1,800 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

155

East Boston Savings B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Boston, Mass., 5s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s,
of Dayton, Ohio, 5 s,.
of Dayton, Ohio, 6s,
of Detroit, Mich., 6s,
of Fall River, Mass., 41s,
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 6s, .
of Gloucester, Mass., 4s, .
of Grand Rapids, Mich., 41s, .
of Grand Rapids, Mich., 5s, .
of Lynn, Mass., 4s, .
of Milwaukee, Wis., 5s, .
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Portland, Me., 6s,
of- Providence, R. I., 4£s,.
of Providence, R, I., 5s, .
of Saginaw, Mich., 4ès, .
of Salem, Mass., 5 s,.
of Springfield, Ohio, 4£s,
of Waltham, Mass., 4s, .
of Woonsocket, R. I., 4s, .
County of Aroostook, Me., 4Js,
District of Columbia 7s, .
United States 5s,
.
.
.
.

$56,000
16,000
4,000
35,000
5,000
9,000
15,000
1,000
1,000
3,000
2,000
6,000
7,000
5,000
23,000
10,000
10,000
35,000
12,000
36,000
5,000
20,000
22,000
25,000
50,000
25,000
1,000
25,000

Estimated
Market Value.

$61,600
16,960
4,120
38,500
5,350
10,620
16,050
1,125
1,170
3,180
2,040
6,360
7,480
5,200
24,869
10,600
11,700
42,000
12,300
39,620
5,175
21,800
23,590
25,875
51,000
26,000
1,118
27,625

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.

$56,000
16,000
4,000
35,000
5,000
9,000
15,000
1,000
1,000
3,000
2,000
6,000
7,000
5,000
23,000
10,000
10,000
35,000
12,000
36,000
5,000
20,000
22,000
25,000
50,000
25,000
1,000
25,000

00
00
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00
00
UU
00
00
00
00
00
00
00
00*
00
00

I $464,000 $503,027 00 $464,000 00
* Legal

Investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

100
50
40
200
60
40
100
115
150
260

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston.
Bovlston Nat’l Bank, Boston, .
Commercial N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot Nat’l Bank, Boston,
First Ward Nat’l Bank, Boston,
Freeman's Nat’l Bank, Boston,


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

$10,000
5,000
4,000
20,000
6,000
4,000
10,000
11,500
15,000
26,000

Estimated
Market Value.

$11,000
5,750
3,560
17,925
7,680
3,200
10,050
13,800
19,125
22,620

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
5,000
4,000
20,000
6,000
3,880
10,000
11,500
15,000
26,000

00
00
00
00
00
00
00
00
00
00

156

REPORT OF THE

[Pub. Doc

East Boston Savings Bank — Continued.
Detailed Statement o f Bank Stocks — Concluded.
Estimated
Market Value.

80 Howard Nat’l Bank, Boston, .
50 j Manufacturers’ N’l B'k, Boston,
50 I Market Nat’l Bank, Boston,
4 \Mechanics’ N’l Bank, Boston, .
50 i Merchants’ N’l Bank, Boston, .
50 Mt. Vernon N’l Bank, Boston, .
170 N’l B’k of Commerce, Boston,
12 National Bank of the Com­
monwealth, Boston,
150 N’l B’k of No. America, Boston,
40 N’l B’k of Redemption, Boston,
100 N’l B’k of the Republic, Boston,
,100 Nat’l Eagle Bank, Boston,
50 |Nat’l Exchange Bank, Boston,
100 1N’l Hide & Leather B’k, Boston,
100 j Nat’l Revere Bank, Boston,
6 Nat’l Webster Bank, Boston, .
10 New England N’l B’k, Boston,
10 North National Bank, Boston,
25 Old Boston Nat’l Bank, Boston,
SO Second Nat’l 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, .

Amount Invested.

$8,000
5,000
5,000
400
5,000
5,000
17,000

$7,080
5,000
3,837
492
7,250
5,200
17,892

00
00
00
00
00
00
00

$8,000
5,000
5,000
400
5,000
5,000
17,000

00
00
00
00
00
00
00

1,200
15,000
4,000
10,000
10,000
5,000
10,000
10,000
600
1,000
1,000
2,500
3,000
7,500
10,000
7,000
2,500

1,650
14,625
4,670
13,950
7,000
6,062
10,400
8,000
592
1,500
1,010
2,675
5,272
6,600
10,425
7,490
2,106

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

1,200
15,000
4,000
10,000
10,000
5,000
10,000
10,000
591
1,000
1,000
2,500
3,000
7,500
10,000
7,000
2,500

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

$257,200 $265,488 00 $257,071 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Albanv R.R. 5s,
Boston, Clinton & Fitchburg R.R 5s,
Boston & Maine R.R. 4is,
Fitchburg R.R, 5s, .
.
.
.
Maine Central R R. 4s, .
Maine Central R.R. 44s, .
Maine Central R.R. 6s, .
Maine Central R.R. 7s, .
Old Colony R.R. 6s, .
.
.
.
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R . R . 4 A s , ...................................
St. Johnsbury & Lake Champlain
R.R 5s,.
.
.
.
.
.


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

$30,000
13,000
75,000
18,000
6,000
12,000
6,000
20,000
18,000
15,000

Estimated
Market Value.

$31,800
14,690
85,500
19,515
6,000
12,660
6,420
21,000
18,090
16,050

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$30,000
13,000
75,000
18,000
6,000
12,000
6,000
20,000
18,000
15,000

00
00
00
00
00
00
00
00
00
00

5,000

5,450 00

5,000 00

25,000

29,500 00

25,000 00

$243,000

$266,675 00

$243,000 00

No. 8.]

157

SAVINGS BANK COMMISSIONERS.

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

Amount.

$83,145
24,125
25,000
50,800

48
00

00

00

24 per cent.
4i
4à
43

“
“
“

Amount.

$40,000 00

1 , 200,100 00
38,500 00
311,180 00

Rate.

4J per cent.
5
H
“
Bi
“

Amount.

$5,000 00
186,522 00

10,000 00
500 00

Rate.

5| per cent.
6
“
6i
“
7

Amount invested in real estate for banking purposes,..............................$15,000
00
........................................................................
25,000 00
Estimated value of the same,
Assessed value of the s a m e ,.......................................................................
25,000
00
Net income received from same during year ending Oct. 31, 1896,
.
.
774 81
Value, by books, of other real estate held or owned by foreclosure or
oth erw ise,..................................................................................................
6,500
00
Assessed value of the s a m e ,.......................................................................
7,200
00
Net income received from same during year ending Oct. 31, 1896,
.
.
404 39
Number of loans which are of an amount not exceeding $3,000 each, 592
Aggregate amount of the same...............................................................................
874,352 00
Total number of loans upon real e s t a t e , ............................................. 702
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896, ........................................................................ ........
146,403 14
Times for the dividends fixed by the by-laws: third Wednesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend i 2 per cent., $49,229 83 )
9970743
during the year ending Oct. 31, 1896, .
. ' 2 per cent.,
50,477 60 J
Number of accounts opened during the year ending Oct. 31, 1896,
1,697
Number of accounts closed during the year ending Oct. 31, 1896,
1,387
Total number of open accounts Oct. 31, 1896,
.
.
.
.
10,820
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),.................................................................................................. 9,817 92
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896.....................................................................................................
694,966 00
Number of s a m e , ........................................................................................ 15,322
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896,
............................................................................................................
712,879 83
Number of same..................................................
11,615
Date of examination by commissioner: May 12.


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Federal Reserve Bank of St. Louis

158

REPORT OF THE

[Pub. Doc.

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 ATER.

Incorporated March 8, 1870.

Present number of corporators, 45.

S a m u e l K e it 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 :
S am uel K e it h ,
A aron H o b a r t,
Jo h n H o b a r t ,

G eo. M . K e it h ,

I sa a c

E dw ard H obart,
J o sh u a D e a n ,
N. N u tter.

Open for business every business day except Wednesdays, 9 a m . to 12
Wednesdays and Saturdays, 6.30 to 8 p . m .

B

alance

Sh ee t O ctober

A ssets.

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

m .;

2 to 4 p . m . ;

31, 1896.

L ia b il it ie s .

$35,400 00
79,400 00
83,000 00
10,500
371,065
256,146
40
32,118
720
402
1,390

00
00
35
00
72
73
75
73

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,
Suspense account, .
Bank building (ex­
pense and income
account),

$819,591 08
31,500 00
16,467 58
2,483 96
123 50
18 16

$870,184 28

$870,184 28

Cash on Deposit in Bank : —
Tremont National Bank, Boston, .


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

.

$32,118 72

No. 8.]

159

SAYINGS BANK COMMISSIONERS

East Bridgewater Savings Bank — Continued.
Detailed ¡Statement o f Public Funds.
Par Value.

City of Brockton, Mass., 4s,
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
of Rockford, 111., 4Js,
of Saginaw, Mich., 4s,
Town of Westfield, Mass., os, .

$5,000
5.000
5.000
10,000
5.000
5,400
$35,400

Estimated
Market Value.

$5,000
5.050
5.050
10,300
5.050
5,845

00
00
00
00
00
50

$36,295 50

Amount Invested.

$5,000
5.000
5.000
10,000
5.000
5,400

00
00
00
00
00
00

$35,400 00

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

75
25
35
10
40
20
20
20
50
25
25
23
27
20
22
120
25
12
50
40
20
50
15
25

Par Value.

Fourth Natl Bank, Boston,
Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Nat’l Bank of the Common­
wealth, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank. Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Third Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Brockton N’l Bank, Brockton,.
Home Nat’l Bank, Brockton, .
First N’l Bank, West Newton,
Massachusetts Loan and Trust
Company, Boston,
State Street Safe Deposit and
Trust Company, Boston,
Plymouth County Safe Deposit
and Trust Company, Brock­
..................................
ton,


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

Estimated
Market Value.

Amount Invested.

$7,500
2,500
3,500
1,000
4,000
2,000

$9,000
2,125
2,905
1,030
4,000
1,500

00
00
00
00
00
00

$7,500
2,500
3,500
1,000
4,000
2,000

00
00
00
00
00
00

2,000
2,000
5,000
2,500
2,500
2,300
2,700
2,000
2,200
12,000
2,500
1,200
5,000
4,000
2,000

2,700
1,940
5,750
1,875
1,750
2,415
2,576
2,160
2,330
10,440
2,100
1,560
6,000
6,600
2,000

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

2,000
2,000
5,000
2,500
2,500
2,300
2,700
2,000
2,200
12,000
2,500
1,200
5,000
4,000
2,000

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

5,000

5,250 00

5,000 00

1,500

1,530 00

1,500 00

2,500

2,500 00

2,500 00

$79,400

$82,036 00

$79,400 00

160

[Pub. Doc.

REPORT OF THE

East Bridgewater 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. 4is,
Boston, Revere Beach & Lynn R.R. 6s,
Boston, Winthrop & Shore R.R. os,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. ,5s, .
.
.
.
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6 s,.
.
.
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5s,

Estimated
Market Value.

$5,000
15,000
5,000
4,000
5,000
5,000
5,000
16,000
5,000
5,000
3,000
5,000
5,000
$83,000

$5,175
15,150
5,700
4,000
5,250
5,050
6,000
16,600
5,250
5,200
3,030
4,750
5,300

Amount Invested.

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

$86,455 00

$5,000
15,000
5,000
4,000
5,000
5,000
5,000
16,000
5,000
5.000
3,000
5,000
5,000

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

$83,000 00

* A legal investment when made.

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

Rate.

Amount.

Rate.

2 per cent.

$186,700 00
40,700 00
352,551 35

5 per cent.
H
“

Amount.

$32,118 72

10,000 00
10,000 00

4£
41

“
“

6

Amount.

$22,300 00
5,000 00

6£ per cent.
7

“

Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the same,
.
...............................................................
Assessed value of the sam e,.................................................................................
Net income received from same during year ending Oct. 31, 1896, .
.
Number of loans which are of an amount not exceeding $3,000 each, 322
Aggregate amount of the s a m e ,........................................................................
Total number of loans upon real e s t a t e , .............................................328
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1896.............................................................................
Times for the dividends fixed by the by-laws: first Monday in January
and July.
Rate and amount of each semi-annual dividend f 2^ per. cent., $17,278 96 )
during the year ending Oct. 31, 1896,
.
(2 percent., 15,704 26 1
Number of accounts opened during the year ending Oct. 31, 1896, . 203
Number of accounts closed during the year ending Oct. 31,1896,
. 135
Total number of open accounts Oct. 31, 1896..................................
2,207


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

Rate.

$10,500
10,500
8,400
102

00
00
00
90

264.106 35

43,125 07

^ ggg ^

No. 8.]

SAVINGS BANK COMMISSIONERS,

161

East Bridgewater Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
......................................................................................... $2,201 44
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1896.............................................................................................
105,913 02
Number of s a m e ,................................................................................ 1,177
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 6 , ...................................................................................................
114,085 09
Number of s a m e ,.................................................................................1,221
Date of examination by commissioner : April 6.


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

162

[Pub. Doc

REPORT OF THE

E A ST C A M BR ID G E S A V IN G S B A N K — E A ST CA M BR 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 il l ia m E . L l o y d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A n d re w J. G reen ,
J o h n C. B u l l a r d ,

W il l ia m G o e p p e r ,
J a m e s M. P r i c e .

Open for business every business day, 9

B alan ce Sheet O ctober

a .m .

to 1 p .m .

31, 1896.

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,
Railroad notes, .
.
.
.
Real estate (for banking purposes),
....................................
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.
East Cambridge Land Co.,*
Cash on hand, .
.
.
.

$36,000
134,116
33,000
79,500
800
25,000
25,000
3,160
1,653,991
617,554
13,400

00
67

00
00
00
00

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

$2,419,273 69
116,048 48
1,667 0 2
98,740 35

00
82
97
56
96

2,000 00
359 25

1 00

11,844 31

$2,635,729 54

$2,635,729 54
* Taken to secure indebtedness.

Cash on Deposit in Bank : —
Lechmere National Bank, East C a m b r i d g e , ............................................. $15,400 96
Loans on Bank Stock, amount on each : —
30 shares Lechmere National Bank, East Cambridge,
300 shares Cambridge National Bank, East Cambridge,

.
.

.
.

.
.

.
.

$3,000 00
30,000 00

Loan on Railroad Stock: —
5 shares Boston & Albany R.R ., .


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

.

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

$800 00

No. 8.]

163

SAYINGS BANK COMMISSIONERS

East Cambridge Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of

Grand Rapids, Mich., 4ès, .
Lynn, Mass., 4s, .
Webster, Mass., 4s,
Wellesley, Mass., 4s, .

Estimated
Market Value.

$10,000
10,000
10,000
6,000

$10,600
10,400
10,200
6,150

00
00
00
00

$36,000

$37,350 00

Amount Invested.

$10,000
10,000
10,000
6,000

00
00
00
00

$36,000 00

Detailed Statement o f Bank Stocks.
V. 03
O <V

Estimated
Market Value.

^ 53

7 Atlas National Bank, Boston, .
36 Blackstone N’l Bank, Boston, .
63 Boston Nat’l Bank, Boston,
41 Bunker Hill N’l Bank, 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,
21 Globe National Bank, Boston,
60 Howard Nat’l 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 Commonwealth, Boston,
5 N’l B’k of No. America, Boston,
10 N’l B’k of Redemption, Boston,
58 N’l B’k of the Republic, Boston,
16 Nat’l Exchange Bank, Boston,
115 N ’1 Hide & Leather B’k, Boston,
38 Nat’l Revere Bank, Boston,
5 National Union Bank, Boston,
45 N’l Webster Bank, Boston,
20 New England N’l B’k, Boston,
19 North National Bank, Boston,
183 Third National Bank, Boston, .
38 Tremont Nat’l Bank, Boston, .
24 Charles River National Bank,
Cambridge, .
.
.
.
51 Lechmere N’l B’k, Cambridge,
26 Nat’l City Bank, Cambridge, .
33 Concord N’l Bank, Concord, .
11 Fall River N’l B’k, Fall River,


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

,

$700
3,600
6,300
4,100
3,000
1,200
2,000
5,000
2,100
6,000
500
5,000
4,000
6,700

$798
3,096
5,544
7,995
3,000
1,440
2,540
6,350
1,743
5,100
400
7,250
3,600
7,437

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

$700
3,600
6,300
4,100
3,000
1,200
2,000
4,000
2,100
6,000
500
5,000
4,000
6,700

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

8,000
500
1,000
5,800
1,600
11,500
3,800
500
4,500
2,000
1,900
18,300
3,800

10,800
485
1,150
8,004
1,952
12,075
3,040
650
4,410
2,980
1,900
15,921
3,192

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

8,000
500
1,000
5,800
1,600
11,500
3,800
500
4,500
2,000
1,900
18,300
3,800

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

2,400
5,100
2,600
3,300
1,100

3,600
7,650
4,355
4,950
1,155

00
00
00
00
00

2,400
5,066
2,600
3,300
1,100

00
67
00
00
00

164

KEPOKT OF THE

[Pub. Doc.

East Cambridge Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

25
35
30
13

Estimated
Market Value.

Par Value.

First National Bank, Malden,
First N’l Bank, Marlborough,
Merchants’ Nat’l Bank, Newburyport,
.
.
.
.
Newton Nat’l Bank,

Amount Invested.

$2,500
3,500

$4,000 00
4,025 00

$2,500 00
2,850 00

600
1,300

720 00
1,170 00

600 00
1,300 00

$135,800

$154,477 00

$134,116 67

Detailed Statement o f Railroad Bonds.
Par Valued

Conn. & Passumpsie Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 7s, .
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ...................................

$15,000
8,500
4,000
20,000
20,000
10,000

Estimated
Market Value.

$15,450
10,200
3,960
19,900
20,900
13,400

00
00
00
00
00
00

Amount Invested,

$15,000
8,500
4,000
20,000
20,000
10,000

00
00
00
00
00
00

2,000

2,200 00

2,000 00

$79,500

$86,010 00

$79,500 00

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

Amount.

$2,554
13,400
25,000
124,000

56
96
00
00

0

per cent.

2

«

4
4*

«
«

Amount.

Kate.

Amount.

Bate.

$168,100 00
1,184,274 00
513,150 00

4£ per cent.
5
“
5i
»

$271,267 97
12,000 00
30,000 00

6 per cent.
6*
“
7

Amount invested *in real estate for banking purposes,....................................$25,000 00
Estimated value of the s a m e , ........................................................................
25,000
Assessed value of the s a m e ,.................................................................................
18,700
Value, by books, of other real estate, held or owned by foreclosure or other­
wise,
....................................................................................................................
3,160
Assessed value of the s a m e ,.................................................................................
3,500
Number of loans which are of an amount not exceeding $3,000 each,. 640
Aggregate amount of the s a m e , ........................................................................
863,691
Total number of loans upon real estate....................................................... 791


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

00
00
82
00
97

No. 8.]

SAYINGS BANK COMMISSIONERS

165

East Cambridge Savings Bank — Concluded.
#2,554 56
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
121,307 12
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annual dividend f 2 per cent., $42,225 03 } 98,032 95
during the year ending Oct. 31, 1896,.
.
I 2^ per cent., 55,807 92 S
Number of accounts opened during the year ending Oct. 31, 1896,
1,771
Number of accounts closed during the year ending Oct. 31, 1896,
1,263
Total number of open accounts Oct. 31, 1896,
.
.
.
.
8,687
Total expenses of the corporation for the year ending Oct. 31,1896 (exclu­
7,130 68
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year ending Oct. 31, 1896,..................................................................................................
Number of s a m e , ........................................................................................12,676
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
N umber of s a m e , ......................................................................................... 8,098
Date of examination by commissioner : February 4.


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

631,781 88

500,224 50

166

REPORT OF THE

[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 ST H AM P TO N .

Incorporated Feb. 10, 1869.
J o h n M a t h e r , President.
O. G . W

eb ster,

Present number of corporators, 30.
S a m u e l T.. S e e l y e , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
John M a t h e r ,

G e o . L. M a n c h e s t e r ,
F. C. G r e e n e .

Open for business every business day, 9

B

alance

Sh e e t O c t o b e r

a .m .

p .m

.

31,1896.

A ssets.

Bank stock as per schedule,
Loans on bank stock, .
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,

to 3

L ia b il it ie s .

$247,540
2,130
600
487,152
186,880
57,501

25
00

00

50

00

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

61

$944,242 66
47,500 00
30 88
759 15

10,000 00
728 33
$992,532 69

$992,532 69

Cash on Deposit in Banks, amount in each : —
First National Bank, Adams,
.
.
.
.
First National Bank, Easthampton,
Hampshire County National Bank, Northampton,
Springfield National Bank, Springfield,

$5,000 00
37,501 61
15.000 00

10.000 00

Loans on Bank Stock, amount on each : —
3 shares First National Bank, Easthampton,
14 shares Hampshire County National Bank, Northampton,
6 shares Agawam National Bank, Springfield, .


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

$230 00
1,400 00
500 00

No. 8.]

167

SAYINGS BANK COMMISSIONERS.

Easthampton Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

100
14
7
20
20
50
25
200
100
44
100
50
115
60
100
111
100
50
100
59
100
89
130
30
50
50

First National Bank, Adams, .
Blackstone N’l Bank, Boston,.
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
North National Bank, Boston,.
Second National Bank, Boston,
State National Bank, Boston, .
First N’l Bank, Easthampton,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
First National Bank. Lynn, .
Berkshire N’l B’k, No. Adams,
Hampshire County National
Bank, Northampton, .
Northampton National Bank,
Northampton,
Pittsfield N’l Bank, Pittsfield,.
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.
Pynchon N’l B’k, Springfield,.
Second N’l Bank, Springfield,
Springfield N’l B’k,Springfield,
Housatonic National Bank,
Stockbridge,
First National Bank, Westfield,
First N’l Bank, West Newton,

$10,000
1,400
700
2,000
2,000
5,000
2,500
20,000

Estimated
Market Value.

$15,000
1,400
840
2,600
2,600
9,500
3,181
29,000

Amount Invested,

00
00
00
00
00
00
25
00

$14,100
1,400
700
2,520
2,000
9,000
3,181
20,000

00
00
00
00
00
00
25
00

10,000
4,400
10,000

11,000 00
5,720 00
11,000 00

10,500 00
5,720 00
10,000 00

5,000

6,250 00

5,800 00

11,500
6,000
10,000
11,100
10,000
5,000
10,000

18,550
10,100
10,000
17,108
18,000
7,250
14,951

00
00
00
00
00
00
00

17,825
10,100
10,000
17,108
16,750
7,250
14,951

00
00
00
00
00
00
00

5,900
10,000
8,900
13,000

7,465
15,250
13,570
19,500

00
00
00
00

7,465
15,250
13,570
16,350

00
00
00
<)0

3,000
5,000
5,000
$187,400

4,800 00
7,000 00
6,000 00

4,000 00
7,000 00
5,000 00

$267,635 25 $247,540 25

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

Amount.

$57,501 61
348,172 50

Rate.

4 per cent.
5


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

Amount.

$42,850 00
88,230 00

Rate.

Amount,

54 per cent.
5à
“

$196,910 00

Rate.

6 per cent.

168

REPORT OF THE

[Pub. Doc.

E a sth a m p ton Savings B a n k — Concluded.
\ alue, 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, 1896,
Number of loans which are of an amount not exceeding $3,000 each, . 324
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 314
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: January 23 and July 23.
Rate and amount of each semi-annual dividend^ 2| per cent., $18,317 84
during the year ending Oct. 31, 1896, .
.
? 2J per cent., 19,290 95
Number of accounts opened during the year ending Oct. 31, 1896,
. 421
Number of accounts closed during the year ending Oct. 31,1896,
. 219
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,528
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes)..................................................................................................

$600 00
850 00
15 00
372,535 00
10,000 00
47,104 77
$37,608 79

2,988 35

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , .................................................................................1 ;914

148,150 53

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
Number of s a m e , ................................................................................. .......... 587
Date of examination by commissioner: May 29.

140,600 08


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

169

SAYINGS BANK COMMISSIONERS.

No. 8.]

EA ST W E Y M O U T H S A V IN G S B A N K — E A ST W E Y M O U T H .
Incorporated Feb. 20, 1872.
Z

e c h a k ia h

L. B

ic k n e l l

John

Present number of corporators, 39.

, P r e s id e n t.

A. R

A. R

John

aym ond

aym ond

, T reasu rer.

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

Names of committee charged with the investment of its funds:
Z. L.
H. F.

B

ic k n e l l

B

E. G. B

,

ic k n e l l

W.

John

N. D.

,

ates,

C
Joseph

h as

Bates,

Can

terbury

. H. P

ratt

,

,

A . C u s h in g .

Open for business every business day except Saturdays, 2 to 5 p . m . ; Saturdays, 2 to 6 p . m

.

B alance Sheet October 31, 1896.

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 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,
.
.
.
.

$74,000 00

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

10,000 00
52,046 50

1,200 00

63,000
3,312
468,453
81,919

00
00
44
26

5,000
600
15,228
1,236

00

$721,307 95
34,145 00
20,542 94

00
11
58
$775,995 89

$775,995 89

Cash on Deposit in Bank : —
Broadway National Bank, B o s t o n , ............................................................... $15,228 11
Loan on Public Funds : —
$10,000 City of Waterbury, Conn., 4s, .

.

.

.

.

.

.

$10,000 00

Loans on Bank Stock: —
12 shares Union National Bank, W e y m o u t h , ............................................. $1,200 00*
*

The bank has been notified that this loan, in excess of the legal limit, must be corrected.


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Federal Reserve Bank of St. Louis

170

REPORT OF THE

[Pub. Doc

E a st W e y m o u th S avin gs B a n k — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Brockton, Mass., 4s, .
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, 4s,
of Detroit, Mich., 6s,
of Detroit, Mich., 7s,
of Fall River, Mass., 6s, .
of Fort Wayne, Mich., 4£s,
of Lynn, Mass., 5s, .
of Newton, Mass., 6s,
of Peoria, 111., 7s,
of Portland, Me., 6s,
of Providence, R.I., 5s, .
of Springfield, Mass., 6s,
of Springfield, Mass., 7s,
Town of South Abington, Mass., 4s,
of Turner’s Falls, Mass., 4 s ,.
of Weymouth, Mass., 4s,
District of Columbia 7s, .

Estimated
Market Value.

$10,000
10,000
3,000
3,000
1,000
2,000
2,000
5,000
1,000
2,000
3,000
3,000
2,000
1,000
1,000
5,000
5,000
11,000
4,000

$10,050
10,300
3,165
3,000
1,170
2,380
2,300
5,300
1,090
2,280
3,210
3,600
2,220
1,170
1,190
5,125
5,100
11,275
4,560

$74,000

$78,485 00

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

Amount Invested.

$10,000
10,000
3,000
3,000
1,000
2,000
2,000
5,000
1,000
2,000
3,000
3,000
2,000
1,000
1,000
5,000
5,000
11,000
4,000

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

$74,000 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

30
10
35
25
5
25
25
18
17
20
25
33
25
22
4
16
27
15

Par Value.

Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.
Everett Nat’l Bank, Boston, .
First Ward N’l Bank, Boston,.
Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Metropolitan N’l B’k, Boston,.
N’l B’k of Commerce, Boston,
N’l B’k o f No. America,Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Old Boston N’l Bank, Boston,
Shawmut Nat’l Bank, Boston, .
State National Bank, Boston, .


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

$3,000
1,000
3,500
2,500
500
2,500
2,500
1,800
1,700
2,000
2,500
3,300
2,500
2,200
400
1,600
2,700
1,500

Estimated
Market Value.

$2,640
1,150
3,325
1,975
635
2,125
2,075
1,530
1,700
1,800
2,775
3,201
3,050
2,310
320
1,680
2,916
1,580

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

Amount Invested

$3,000
1,000
3,500
2,500
500
2,250
2,250
1,684
1,700
1,862
2,500
3,300
2,500
2,200
400
1,600
2,700
1,500

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

No. 8.]

171

SAYINGS BANK COMMISSIONERS

East W eym outh Savings B a n k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

Par Value.

25 Third National Bank, Boston,.
2 Tremont Nat’l Bank, Boston, .
25 Dedham Nat’l Bank, Dedham,
5 Salem National Bank, Salem,.
69 Union Nat’l Bank, Weymouth,
25 Massachusetts Loan and Trust
Company, Boston,

$2,500
200
2,500
500
6,900

Estimated
Market Value.

$2,175
168
2,625
555
7,590

Amount Invested.

$2,500
200
2,500
500
6,900

00
00
00
00
00

00
00
00
00
00

2,500

2,625 00

2,500 00

$52,800

$52,525 00

$52,046 50

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 5s,
Fitchburg R.R. 4s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 7s,
N. Y., Providence & Boston R.R. 7s,
Old Colony R.R. 4às,
Old Colony R.R. 6s,
. . .
Portland & Ogdensburg R.R. 6s, .
Upper Coos R.R. 44s,
Vermont & Massachusetts R.R. 5s, .

Estimated
Market Value.

$14,000
3.000
5.000
1.000
7.000
1.000
5.000
7.000
8.000
10,000
2,000

$15,680
3,060
5,000
1,010
7,350
1.070
5,200
7.070
8,560
10,500
2,120

$63,000

$66,620 00

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

$14,000
3.000
5.000
1,000
7.000
1.000
5.000
7.000
8.000
10,000
2,000

00
00
00
00
00
00
00
00
00
00
00

$63,000 00

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

Kate.

Amount.

$15,228
5,000
13,218
10,000

11
00
00
00

3 per cent.
4
“
5
“
5|


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

Rate.

Amount.

$26,390
466,374
5,880
6,140

00
76
00
00

54 per cent.
6
“
64
“
64
“

Amount.

$31,244 94
1,425 00
1,500 00

Kate.

7 per cent.
8
«
10

172

REPOET OF THE

[Pub. Doc.

East W eym outh Savings Bank — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise,
$3,312 00
Assessed value of the s a m e ,.................................................................................
4,600 00
Number of loans which are of an amount not exceeding $3,000 each,. 327
Aggregate amount of the s a m e , ........................................................................
387,939 20
Total number of loans upon real e s t a t e , ............................................. 340
Amount of investments from which no income is received, .
.
.
.
1,450 00
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
40,239 29
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of each semi-annual dividend [ 2| per cent., $14,493 69 )
during the year ending Oct. 31,1896,.
.
. 1 2^ per cent, 15,342 43 1 29,836 12
Number of accounts opened during the year ending Oct. 31, 1896,
. 266
Number of accounts closed during the year ending Oct. 31, 1896,
. 170
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,027
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
2,200 68
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 6 ,..........................................................................................
124,604 62
Number of s a m e , .................................................................................1,714
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
89,569 45
Number of s a m e ,................................................................................. 1,513
Date of examination by commissioner: April 14.


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Federal Reserve Bank of St. Louis

No. 8.]

173

SAVINGS BANK COMMISSIONERS

E L IO T F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated Feb. 4, 18G4.

Present number of corporators, 60.

J o h n C a r r , President.
F r a n k E . G r a n g e r , Treasurer.
J o h n F . N e w t o n , Clerk of the Corporation.

Names of committee charged with the investment of its funds:
Jo h n Ca r r ,
S a m u e l B . H o p k in s ,
G o r h a m R o ge rs,

W il l ia m S. L e l a n d ,
Gre en le af C. G eo r g e ,
G eorge E . B u lla r d .

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

a .m .

to 3

p .m . ;

Saturdays,

B alance Sheet October 31, 1896.

A

L ia b il it ie s .

sse ts.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loans on 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,
Cash on hand, .
.
.
.

$213,100
12,000
57,200
1,400
524,500
11,000
1,932,124
753,000

00
00
00
00
00
00
23
00

2,000
304,522
5,000
448
225
7,422

00
27
00
02
79
14

$3,823,942 45

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

$3,677,843 82
109,747 85
1,493 81
28,188 20
4,700 00
1,968 77

$3,823,942 45

Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , ........................................................................ $123,853 37
National Revere Bank, B o s t o n ,........................................................................
77,091 78
People’s National Bank, B o s t o n , ...............................................................
108,577 12
Loans on Public Funds, amount on each: —
$2,000 City of Lynn, Mass., 4s, .
$11,000 City of Manchester, N. H ., 4s,


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Federal Reserve Bank of St. Louis

$ 2,000
10,000

174

REPORT OF THE

[Pub. Doc

Eliot Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
10 shares National Exchange Bank, Boston.....................................................
6 shares People’s National Bank, B o s t o n , .............................................

$1,000
400

Loan on Railroad Bonds: —
$11,000 Boston & Maine R .R . 4£s....................................................................... $11,000 00

Detailed Statement o f Public Funds.
Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass , 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Fall River, Mass., 4ès,
of Fall River, Mass., 6s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Lynn, Mass , 5s, .
of Providence, R. 1 , 4^s,.
of Providence, R. I., 5s, .
of Springfield, Mass., 6s,
of Marlborough, Mass., 4s.,
District of Columbia 5s, .
State of New Hampshire 6s, .

$4,000
42,600
25,000
5,000
10,000
10,000
25,000
20,000
10,000
5,000
20,000
20,000
9,000
7,000
500
$213,100

Estimated
Market Value.

$4,640
42,706
27,750
5,900
10,300
11,800
25,875
20,600
10,850
5,100
20,820
23,400
9,315
7,210
582

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

Amount Invested.

$4,000
42,600
25,000
5,000
10,000
10,000
25,000
20,000
10,000
5,000
20,000
20,000
9,000
7,000
500

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

$226,849 00 $213,100 00

Ho. o f
Shares.

Detailed Statement o f Bank Stocks.

10
70
20
50
10
13
30
30
61
10
20
10
171
43
14
10

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Merchants’ N’l Bank, Boston, .
Mt. Vernon N’l Bank, Boston,
N’l B’k o f No. America,Boston,
N’l B’k of Redemption, Boston,
National Eagle Bank, Boston, .
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Naumkeag N’l Bank, Salem, .


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Federal Reserve Bank of St. Louis

$1,000
7,000
2,000
5,000
1,000
1,300
3,000
3,000
6,100
1,000
2,000
1,000
17,100
4,300
1,400
1,000
$57,200

Estimated
Market Value.

$1,090
7,980
1.900
5,000
1,200
1,105
2,250
4,350
6,344
970
2,300
700
23,085
4,644
1,484
1,250

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

$65,652 00

Amount Invested.

$1,000
7,000
2,000
5,000
1,000
1,300
3,000
3,000
6,100
1,000
2,000
1,000
17,100
4,300
1,400
1,000

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

$57,200 00

No. 8.]

SAVINGS BANK COMMISSIONERS

175

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

Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R R. 4s,
Boston & Maine R.R. 4s,
Boston & Providence R.R. 4 s,.
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4is, .
.
.
.
Fitchburg R.R. 5s..............................
Maine Central R.R. 4£s, .
N. Y. & N. E. R.R. (terminal) 4s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6s,
. . .
Portland & Ogdensburg R.R. 6s, .
Salem & Lowell R.R. 6s,
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000

$51,750 00

$50,000 00

11,000
50,000
25,000
25,000
50,000
25,000
25,000
25,000
5,000
50,000
25,000
22,000
35,000
3,000
16,500
20,000
37,000
25,000

12,320
50,750
25,625
25,875
50,500
25,750
25,750
24,875
5,110
53,000
25,000
23,200
36,050
3,210
16,995
21,200
37,185
25,250

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

$524,500 $539,395 00
*

11,000
50,000
25,000
25,000
50,000
25,000
25,000
25,000
5,000
50,000
25,000
22,000
35,000
3,000
16,500
20,000
37,000
25,000

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

$524,500 00

A legal investment when made.

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

$227,430
77,091
394,000
66,500

49
78
00
00

Kate.

2i} per cent.
3
4
“

Amount.

$761,050
125,000
990,757
108,500

00
00
32
00

Rate.

Amount.

Rate.

4£ per cent.
4f
5
«
5\
“

$149,700 00
114,516 91
1,500 00

5<| per cent.
6
7

Number of loans which are of an amount not exceeding $3,000 each, 176
Aggregate amount of the s a m e , ........................................................................$299,624 23
Total number of loans upon real e s t a t e , .............................................363
Amount of investments from which no income is received,
.
.
.
5,000 00
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 ,........................................................................
165,063 19
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., $67,139 44 ]
during the year ending Oct. 31, 1896,
.
1 2 per cent., 68,966 95 3
’
Number of accounts opened during the year ending Oct. 31, 1896,
1,441
Number of accounts closed during the year ending Oct. 31, 1896,
964
Total number of open accounts Oct. 31, 1896,
.
.
.
.
11,294


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Federal Reserve Bank of St. Louis

176

REPORT OF THE

[Pub. Doc.

Eliot Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31,1896 (ex­
clusive of taxes).............................................................................................................$9,270 53
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 89 6 ,..........................................................................................
765,785 66
Number of s a m e ,................................................................................. 11,278
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896...................................................................................................................
727,154 69
Number of same,
........................................................................ 8,873
Date of examination by commissioner : January 23.


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Federal Reserve Bank of St. Louis

No. 8.]

177

SAYINGS BANK COMMISSIONERS

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, 1817.

Present number of corporators, 18.

J o se p 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 ato n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J a m e s H. K i d d e r ,
G eo rg e E . D a v is .

J o se p h S h a t t u c k ,
S a m u e l W h it e ,

Open for business every business day, 9

a .m

.

to 1 p . m . ; Saturdays, 2 to 4

p .m

.

B alance Sheet O ctober 31,1896.

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,
Loans on railroad stock,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

$839,000
308,500
14,800
425.000
100.000

00
00
00
00
00

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

$6,620,049 19
332.000 00
67,960 44
268.000 00

20,000 00
3,615,291 00
1,585,480 00
97,700 00
222,777 42
59,461 21
$7,288,009 63

$7,288,009 63

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston, .
Winthrop National Bank, Boston,
.
.
Pacific National Bank, Lawrence,
.
.

.

.

$115,274 69
97,502 73
10,000 00

Loans on Bank Stock, amount on each: —
100 shares Arlington National Bank, Lawrence, .
10 shares Pacific National Bank, Lawrence,
20 shares Merchants’ National Bank, Lawrence,
15 shares Merchants’ National Bank, Lawrence,
10 shares Winthrop National Bank, Boston,

$ 10,000 00

700 00
1,600 00
2,500 00

Loan on Railroad Stock: —
1,000 shares Boston & Maine R.R .,


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Federal Reserve Bank of St. Louis

.

$ 100,000 00

178

[Pub. Doc

REPORT OF THE

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

City of Boston, Mass., 4s,
of Brockton, Mass , 4s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 5s,
of Fall River, Mass., 6s,
of Indianapolis, Ind., 4s,
of Lawrence, Mass., 4s,
of Lawrence, Mass., 6s,
of Newton, Mass., 5s,
United States 4s,
. . .

.
.
.
.
.

Estimated
Market Value.

$200,000 $201,000 00
40,950 00
40.000
135.000
135.000 00
37,250 00
37.000
28,000 00
25.000
103.000 00
100.000
181,000
185,450 00
5,300 00
5,000
17,350 00
16.000
100,000
117.000 00

Amount Invested.

$200,000
40.000
135.000
37.000
25.000
100.000
181,000
5,000
16.000
100,000

00
00
00
00*
00
00
00
00
00
00

$839,000 $870,300 00 $839,000 00
*

A legal investment when made.

Detailed Statement o f Bank Stocks.
V. cn
© a>
o

^

Par Value.

^ 55

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston National Bank, Bostpn,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
Mt. Vernon N’l Bank, Boston,
N’l B'k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
150 N ’l B’k of No. America, Boston,
250 N’l B’k of the Republic, Boston,
130 National City Bank, Boston, .
100 N’l Hide & Leather B’ k, Boston,
225 National Revere Bank, Boston,
10 National Union Bank, Boston,.
166 Nat’l Webster Bank, Boston, .
100 North National Bank, Boston,
27 Shawmut Nat’l Bank, Boston,
100 State National Bank, Boston, .
66 Suffolk Nat’l Bank, Boston, .
40
130
6
30
20
80
100
47
232
60
40
200
46
75
80


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

Estimated
Market Value.

Amount Invested

$4,000
13,000
600
3,000
2,000
8,000
10,000
4,700
23,200
6,000
4,000
20,000
4,600
7,500

$4,360
14,820
516
2,670
2,000
9,680
8,000
3,948
20,416
4,500
3,280
29,000
4,784
8,400

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

$4,C00
13,000
600
3,000
2,000
8,000
10,000
4,700
23,200
6,000
4,000
20,000
4,600
7,500

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

8,000
15,000
25,000
13,000
10,000
22,500
1,000
16,600
10,000
2,700
10,000
6,600

10,960
14,550
34,500
10,140
10,500
18,000
1,300
15,438
10,000
2,916
10,600
7,062

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

8,000
15,000
25,000
13,000
10,000
22,500
1,000
16,600
10,000
2,700
10,000
6,600

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

No. 8.]

171)

SAYINGS BANK COMMISSIONERS

Essex Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

50
300
300

Tar Value.

Tremont Nat’l Bank, Boston, .
Bay State N’l B’ k, Lawrence, .
Lawrence N’l B’k, Lawrence, .

$5,000
22,500
30,000

Estimated
Market Value.

Amount Invested.

$4,200 00
35,000 00
33,000 00

$5,000 00
22,500 00
30,000 00

$308,500 $334,540 00 $308,500 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R 4£s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Worcester, Nashua & Roch R R. 4s,

$50,000
50.000
200,000
105,000
20.000
$425,000

Estimated
Market Value.

$51,000
52,000
203,000
113,150
20,200

Amount Invested.

$50,000
50.000
200,000
105,000
20.000

00
00
00
00
00

$439,350 00

00
00
00
00
00

$425,000 00

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

$212,777
745,200
57.000
83.000

42
00
00
00

Kate.
2 per cent.
4
H
4»

“
“
“

Amount.
$519,500
54,500
2,811,820
50,000

Kate.
00
00
00
00

4^ per cent.
4|
5
«

$50,000 00
148,200 00
904,051 00

Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the s a m e , ........................................................................
Assessed value of the sam e,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 503
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 738
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 ,........................................................................
Times for the dividends fixed by the by-latvs : third Wednesday in April
and Oitober.


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Federal Reserve Bank of St. Louis

Eate.

Amount.

5f per cent.
5è
“

6

»

$20,000
30,000
32,000
1,870

00
00
00
16

628,821 00

344,962 29

180

REPORT OF THE

[Pub. Doc

Essex Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $126,004 87 1
$251,996 32
during the year ending Oct. 31, 1896,
.
I 2 per cent., 125,991 45 i
Number of accounts opened during the year ending Oct. 31, 1896,
3,671
Number of accounts closed during the year ending Oct. 31, 1896,
3,522
Total number of open accounts Oct. 31, 1896,
.
.
.
.
18,836
Total expenses of the corporation for the year ending Oct. 31,1896 (ex­
clusive of taxes),
............................................................... •
.
.
13,201 10
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1896,..........................................................................................
1,441,754 73
Number of s a m e ,.................................................................................
23,330
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
1,629,706 51
Number of s a m e ,.................................................................................16,085
Date of examination by commissioner : April 27.


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Federal Reserve Bank of St. Louis

No. 8.]

181

SAVINGS BANK COMMISSIONERS

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.

Present number of corporators, 25.

James P. Stewart, President.
Samuel P. Cannell, Treasurer.
H enry K. Y eazie, Clerk o f the Corporation.
Names of committee charged with the investment of its funds;

W oodbury A. H am,
N athaniel J. Mead,
Samuel M. Johnson,
Daniel B. Fessenden,
Samuel P. Cannell.
Open for business every business day, 2 to 4 p.m. ; Saturdays, 7.30 to 8 30 p . m.

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

A

ssets.

Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

31, 1896.

L ia b il it ie s .

$2.000 00
111,425 00
1,000 00
42,000
4,528
404
4
1,416

00
56
56
50
61

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

$162,779 23

$159,512 80
2,000 00
117 66
1,148 77

$162,779 23

Cash on Deposit in Banks, amount in each; —
National Security Bank, B o s to n ,........................................................................ $146 31
Winthrop National Bank, B o s t o n , ............................................. .........
.
3,489 91
1,038 65
First National Bank, Chelsea.................................................................................
Winnisimmet National Bank, Chelsea,...............................................................
40 90
First National Bank, M a l d e n , ........................................................................
217 35

Detailed Statement o f Bank Stocks.'
^

V.
O ÇJ

^ 55

20

Globe National Bank, Boston,.


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

Par Value.

Estimated
Market Value.

$2,000

$1,680 00

Amount Invested.

$2,000 00

182

[Pub. Doc.

REPORT OF THE

Everett Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$3,489 91
1,038 65
19,200 00

Rate.
2 per cent.
2h
“
4
“

Amount.
$5,800 00
15,000 00
28,050 00

Rate.
4| per cent.
4|
“
5
“

Amount.
$2,500 00
25,150 00
58,725 00

Rate.
5^ per cent.
H
“
6
“

Number of loans which are of an amount not exceeding $3,000 each,. 64
$91,925 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 65
Gross amount of interest or profits received or earned, as per books, during
7,443 50
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $2,500 50)
5,242 78
during the year ending Oct. 31, 1896, .
.
1 2 per cent.,
2,742 28 I
Number of accounts opened during the year ending Oct. 31, 1896,
. 279
Number of accounts closed during the year ending Oct. 31, 1896,
. 133
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,282
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
797 55
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
83,343 75
ing Oct. 31, 1896.....................................................................................................
Number of s a m e , .................................................................................1,809
Amount of withdrawals, including dividends, during the year ending Oct.
72,733 15
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , ................................................................................. 1,191
Date of examination by commissioner: January 30.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

183

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.

Present number of corporators, 37.

George H. Taber, President.
Charles H. M orton, Treasurer.
Charles H. Morton, Clerk o f the Corporation.

Names of committee charged with the investment of its funds:

G eorge H. T aber,
Cyrus D. H unt,
W alter P. W insor,
Levi M. Snow ,
John B. H ussey.

Open for business every business day, 9 a .m . to 1 p .m .

B alance S heet O ctober 31, 1896.

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),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Sea View Hotel and Wharf Co.,*
Cash on hand, .
.
.
.

$17,778
114,070
600
23,500

00
00
00
00

4,500
11,000
253,877
104,951
18,716
4,000
35
2,153
2

00
00
30
33
27
00
00
96
05

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

$555,183 91

$528,096 43
24,624 00
586 06
1,877 42

$555,183 91

Cash on Deposit in Bank: —
National Bank of Fairhaven, F a i r h a v e n ,...................................................... $22,716 27
Loans on Bank Stock, amount on each: —
5 shares National Bank of Fairhaven, F a i r h a v e n , .................................... $300 00
9 shares National Bank of Fairhaven, F a i r h a v e n , ................................
300 00


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

* Taken to secure indebtedness.

184

[Pub. Doc

REPOET OF THE

Fairhaven Institution for Savings — Continued.
Detailed Statement o f Public Funds.

City of Belfast, Me., 6s, .
United States 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$6,500
10,000

$6,760 00
11,900 00

$6,500 00*
11,278 00

$16,500

$18,660 00

$17,778 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

100

50
50
50
90
80
60
40
30
158
80
90
68

40

Par Value.

Boston National Bank, Boston,
Continental N’l B’k, Boston, .
Eliot National Bank, Boston, .
Howard Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
North National Bank, B oston,.
State National Bank, Boston, .
N’l B’k of Fah’haven,Fairhaven,
Citizens’ N’l B'k, New Bedford,
First Nat’l B’k, New Bedford,
Mechanics’ Nat’l Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,

$10,000

5,000
5,000
5,000
9,000

Estimated
Market Value.

$9,000 00
5,025 00

Amount Invested.

$12,000 00

5,300
6,500
5,500
10,350

00
00
00
00

9,000

6,100 00
4,425 00
10,125 00
7,780 00
8,220 00
4,080 00
3,203 00
12,640 00
9,200 00
13,995 00

6,800

12,477 00

10,880 00

4,000

3,200 00

4,000 00

8,000
6,000

4,000
3,000
12,640
8,000

$95,440

8,000 00

7,740
5,160
3,450
12,640
10,400
12,150

00
00
00
00
00
00

$109,470 00 $114,070 00

Detailed Statement o f Bailroad Bonds.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 \s,
Concord & Montreal R.R. 4s, .


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

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
10,000
3,000

$10,300 00
11,050 00
3,120 00

$10,000 00
10,500 00
3,000 00

$23,000

$24,470 00

$23,500 00

No. 8.]

185

SAVINGS BANK COMMISSIONERS

Fairhaven Institution for Savings — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.
$18,716 27
101,233 00
55,150 00

Kate.

2 per cent.
5
“

5à

Amount.
$10,456 00
171,239 63

Kate.

5| per cent.

6

“

Amount.
$11,350 00
10,000 00

Rate.

6£ per cent.
7

“

Amount invested in real estate for banking purposes.....................................
Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e , ........................................................................
Value, by books, of other real estate held or owned by foreclosure or
otherw ise,...........................................................................................................
Assessed value of the sam e,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 180
Aggregate amount of the s a m e ,........................................................................
Total number of loans upon real estate..................................................... 198
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 ,........................................................................
Times for the dividends fixed by the by-laws : last Monday in April and
October.
Rate and amount ofeach semi-annual dividend f 2 per cent., $9,858 30 ,
during the year ending Oct. 31, 1896,
.
. 1 2 per cent.,
10,165 43
Number of accounts opened during the year ending Oct. 31, 1896, . 122
Number of accounts closed during the year ending Oct. 31, 1896,
. 70
Total number of open accounts Oct. 31, 1 8 9 6 , .................................... 911
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes)...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 6 , ..........................................................................................
Number of s a m e ,............................................................................................. 861
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e ,............................................................................................. 606
Date of examination by commissioner: June 26.


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

$4,500 00
6,000 00

3,800 00
11,000 00

4,000 00
164,821 30
2,153 96
25,589 59

20,023 73

2,362 97
71,670 35

58,405 19

186

REPORT OF THE

F A L L R IV E R

S A V IN G S

Incorporated March 11, 1828.
T

homas

J. B o r d e n ,

B A N K — F A L L R IV E R .

Present number of corporators, 124.

President.

N

ew ton

Ch

R. E

a r l

[Pub. Doc

,

A. B

arles

assett,

Treasurer.

Clerk o f the Corporation.

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

obert

H

enry

C.

Brow

C. H

n

,

a w k in s

Ch
,

R

arles

obert

M.
H

A

llen

en ry

Open for business every business day, 9 a . m . to 2

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

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
.
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

,

.

p .m

.

31, 1896.

L ia b il it ie s .

$604,000
741,850
21,000
443,000

00
00
00
00

46.000
15.000
3,248,438
1,840,550

00
00
00
00

72,200
24,680
1,109
11,707

00
86
99
51

$7,069,536 36

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Suspense a c c o u n t ,
b a l a n c e due on
mortgage loans, .

$6,671,476 60
277,200 00
83,415 76
18,200 00
19,244 00

$7,069,536 36

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
Metacomet National Bank, Fall River, .
Massasoit National Bank, Fall River, .

$13,680 86

8,000 00
3,000 00

Loans on Bank Stock, amount on each : —
100 shares First National Bank, Fall River, .
166 shares Metropolitan National Bank, Boston, .


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

$ 10,000 00
11,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

187

(

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

City of
of
of
of
of
of
of
of
of
of

Boston, Mass., 4s,
Boston, Mass., 5s,
Cambridge, Mass., 4 s,.
Chicago, 111., 4s, .
Fall River, Mass., 4s, .
Fall River, Mass., 5s, .
Fall River, Mass., 6s, .
Lynn, Mass., 4s, .
Waltham, Mass., 4s, .
Worcester, Mass., 4s, .

$200,000
100,000
80,000
100,000
13,000
13,000
32,000
35,000
6,000
25,000

Estimated
Market Value.

$207,500
110,000
82,000
100,000
13,130
14,560
37,220
35,600
6,120
26,000

Amount Invested.

00 $200,000 00
100,000 00
00
80,000 00
00
100,000 00
00
13,000 00
00
13,000 00
00
32,000 00
00
35,000 00
00
6,000 00
00
25,000 00
00

$604,000 $632,130 00

$604,000 00

Shares.

1 No. o f

Detailed Statement o f B an k Stocks.

150
400
330
300
160
200
400
107
250
300
232
200
100
715
650
935
150
500
220
420

Tar Value.

Eliot National Bank, Boston,.
Faneuil Hall N’l B’k, Boston, .
First National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
N’l B’ k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l Hide & Leather B’k, Boston,
Nat'l Revere Bank, Boston,
Second Nat’l Bank, Boston,
Washington N’l Bank, Boston,
First National Bank, Chelsea,.
Fall River N’l B’k, Fall River,
Massasoit N’l B'k, Fall R iver,.
Metacomet N’l B’k, Fall River,
Second Nat’l Bank, Fall River,
First N’l Bank, New Bedford,.
Merchants’ Nat'l Bank, New
Bedford,
.
.
.
.
Nat’l Bank of Commerce, New
Bedford,
.
.
.
.


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

$15,000
40,000
33,000
30,000
16,000
20,000
40,000
10,700
25,000
30,000
23,200
20,000
10,000
71,500
65,000
93,500
15,000
50,000

Estimated
Market Value.

$18,150
51,600
76,890
26,400
22,700
22,400
38,800
12,402
25,125
24,000
40,600
21,600
10,600
75,075
94,250
116,875
24,000
75,000

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

Amount Invested.

$15,000
40,000
72,600
30,000
16,000
20,000
40,000
10,700
25,000
30,000
34,800
20,000
10,000
71,500
76,050
93,500
15,000
50,000

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

22,000

44,000 00

29,700 00

42,000

33,600 00

42,000 00

$671,900 $854,067 00 $741,850 00

188

REPORT OF THE

[Pub. Doc,

Pall River Savings Bank — Continued.
Detailed Statement o f Bailroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston, Winthrop & Shore R.R. 5s,
Maine Central R.R. 6s, .
Maine Central R.R. 7s, .
New York, Providence & Boston
R.R. 7 s ,...........................................
Old Colony R.R. 4s,
. . .
Old Colony R.R. 44s,
Old Colony R.R. 6s,
. . .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$70,000
25,000
15,000
30,000
7,000

$77,000
25,000
16,200
10,700
7,350

00
00
00
00
00

$70,000
25,000
15,000
10,000
7,000

00
00
00
00
00

10,000
150,000
50,000
56,000
50,000

10,600
150,000
51,500
56,000
50,000

00
00
00
00
00

10,000
150,000
50,000
56,000
50,000

00
00
00
00
00

$443,000

$454,350 00 $443,000 00

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

$21,680
3,000
96,750
95,000

Rate.

86
00
00
00

2 per cent.
3

“

4
4i

«
“

Amount.

$450
1,883,695
1,985,803
550,490

00
00
00
00

Rate.

Amount.

Rate.

44 per cent.

$180,000 00
340,000 00
50,000 00

64 per cent.

5

“

5è
6

«

“

7

8

“

Amount invested in real estate for banking purposes,.................................... $46,000 00
Estimated value of the s a m e , ........................................................................
48,000
Assessed value of the s a m e ,.................................................................................
48,000
Net income received from same during year ending Oct. 31, 1896,
.
.
700
Value, by books, of other real estate held or owned by foreclosure or other­
wise, .....................................................................................................................
15,000
Assessed value of the s a m e ,.................................................................................
13,000
Number of loans which are of an amount not exceeding $3,000 each, 1,057
Aggregate amount of the same............................................................................... 1,511,388
Total number of loans upon real e s t a t e , .................................... 1,320
Amount of investments from which no income is received, .
.
.
.
15,000
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896.....................................................................................
368,108
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
00
00
00
00
00
09

No. 8.]

SAYINGS BANK COMMISSIONERS.

189

Fall River Savings Bank — Concluded.
Rate and amount of each semi-annual dividend t 2| per cent., $144,276 79 I $290,547 70
during the year ending Oct. 31, 1896, .
. ( 21 per cent.,
146,270 91
Number of accounts opened during the year ending Oct. 31, 1896,
2,280
Number of accounts closed during the year ending Oct. 31, 1896,
2,008
Total number of open accounts Oct. 31, 1896,
.
.
.
.
13,712
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
15,205 84
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,.................................................................................................. 1,007,769 16
Number of same............................................................................................. 12,976
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.................................................................................................................... 1,142,409 31
Number of s a m e , ........................................................................................ 12,403
Date of examination by commissioner: July 23.


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Federal Reserve Bank of St. Louis

100

REPORT OF THE

[Pub. Doc.

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, 27.

C. D u r f e e , President.
C h a r l e s J. H o l m e s , Treasurer.
C h a r l e s S. W a r i n g , 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 ,
J a m e s M. O sb o r n ,
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 ,
J u n iu s P . P r e n t is s .

Open for business every business day, 9

B

alance

Sh e e t O

ctober

a .m .

to 2 p . m .

31, 1896.

L ia b il it ie s .

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, .
Deposits in banks, not on interest,
Expense account,
Border City Mfg. Co. stock,*
Granite Mills stock,* .
Cash on hand,
.
.
.
.

$125,000 00
484,100 00
285.000 00
45,000
49,285
1,984,332
732.000
67,964
5,000
4,423
8,796
10,530
26,791

00
48
10
00
31
00
85
78
05
96

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

$3,828,224 53

$3,579,716 82
100,000 00
86,154 42
43,056 67
19,296 62

$3,828,224 53

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —■
National Exchange Bank, B o s t o n , ............................................................... f 18,749 79
Second National Bank, Fall R i v e r , ...............................................................
54,214 52


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Federal Reserve Bank of St. Louis

No. 8.]

191

SAYINGS BANK COMMISSIONERS

Fall River Five Cents Savings B a n k — Continued.
Detailed Statement o f Public Funds.

Par Value.

150,000
25.000
50.000

City of Chicago, 111., 4s, .
of Everett, Mass., 4s,
of Lynn, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$50,500 00
25,750 00
51,225 00

$50,000 00
25.000 00
50.000 00

$125,000 $127,475 00 $125,000 00

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

50
250
150
100
250
15
160
100
50
200
300
150
85
35
145
250
100
150
300
100
20
120
250
400
70
300
20
100
36
412
50
100
10
13

Par Value.

Atlantic Nat'l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’ l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
Monument N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’ l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’ l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Third Nat’ l Bank, Boston,
Winthrop Nat’l Bank, Boston,
First National Bank, Chelsea,.
Dedham Nat’l Bank, Dedham,
Metacomet N’l B'k, Fall River,
Nat’l Union Bank, Fall River,
Second Nat’l Bank, Fall River,
Leominster N’l B’k, Leominster,
First Nat’l Bank, Malden,
Oxford Nat’l Bank, Oxford, .
Palmer Nat’l Bank, Palmer, .


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

*

$5,000
25,000
15,000
10,000
25,000
1,500
16,000
10,000
5,000
20,000
30,000
15,000
•8,500
3,500
14,500
25,000
10,000
15,000
30,000
10,000
2,000
12,000
25,000
40,000
7,000
30,000
2,000
10,000
3,600
41,200
5,000
10,000
1,000
1,300

Estimated
Market Value.

$5,450
28,500
12,900
9,000
25,000
1,830
12,400
13,000
11,650
17,700
22,500
13,500
19,125
3,920
14,065
29,250
8,000
18,500
31,800
8,000
2,000
12,960
21,500
36,000
9,100
31,800
2,120
12,500
3,780
65,920
5,000
16,000
1,100
1,660

00
00
00
00
00
00
00
00
00
00
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
25,000
15,000
10,000
25,000
1,500
16,000
10,000
5,000
20,000
30,000
15,000
8,500
3,500
14,500
25,000
10,000
15,000
30,000
10,000
2,000
12,000
25,000
40,000
7,000
30,000
2,000
10,000
3,600
41,200
5,000
10,000
1,000
1,300

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

$484,100 $527,530 00 $484,100 00

[Pub. Doc

REPORT OF THE

192

T all River Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Concord & Montreal R R. 4s, .
Maine Central R R. 41s, .
Old Colony R.R. 4s,
. . .
Rutland R.R. 5s,
. . .
St. Johnsbury & Lake Champlain
R.R. 5 s , ...................................

$50,000
25.000
25.000
50.000
100,000

Estimated
Market Value.

$50,625
25,250
26.500
51.500
90,000

55.000

Amount Invested.

00
00
00
00
00

64,900 00

$50,000
25.000
25.000
50.000
80.000

00
00
00
00
00*

55,000 00

$305,000 $308,775 00 $285,000 00
* A legal investment when made.

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

Kate.

Amount.

Kate.

2 per cent.

$80,000 00
1,355,532 10
96,900 00

51 per cent.
5à
“
6
“

Amount.

$67,964 31
80,000 00
791,400 00

4|

“

5

“

Amount.

$54,000 00
238,500 00
20,000 00

Kate.

61 per cent.
7
71
“

Amount invested in real estate for banking purposes,.................................... $45,000 00
Estimated value of the s a m e , ........................................................................
65,000 00
Assessed value of the s a m e ,.................................................................................
65,750 00
Net income received from same during year ending Oct. 31,
1896,
..
875 44
Value, by books, of other real estate held or owned by foreclosure or other­
wise,
...........................................................................................................
•
49,285 48
Assessed value of the same, .................................................................................
58,700 00
Net income received from same during year ending Oct. 31,
1896,
.. 2,400 00
Number of loans which are of an amount not exceeding $3,000 each,. 552
Aggregate amount of the same,
749,460 00
Total number of loans upon real e s t a t e , ............................................. 704
Gross amount of interest or profits received or earned, as per books, during
197,589 74
year ending Oct. 31, 1 8 9 6 , ................................................................................
Times for the dividends fixed by the by-laws: second Monday in June and
December.
Rate and amount of each semi-annual dividend f 21 per cent., $73,687 35 1
g^g ^
during year ending Oct. 31, 1896,
.
.
1 21 per cent., 77,270 92 3
Number of accounts opened during the year ending Oct. 31, 1896,
2,457
Number of accounts closed during the year ending Oct. 31, 1896,
1,706
Total number of open accounts Oct. 31, 1896,
.
.
.
.
12,908


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

193

F all River Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
.........................................................................................................$10,882 44
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
672,778 06
Number of same...................................................................................... 18,726
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896....................................................................................................................
676,785 23
Number of same...................................................................................... 10,903
Date of examination by commissioner : September i.


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Federal Reserve Bank of St. Louis

FARM ERS’ AND

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

[Pub. Doc.

REPORT OF TUE

194

Present number of corporators, 27.

H o w e , President.
G e o r g e E. C u t l e r , Treasurer.
S . G . D a v e n p o r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eo rg e E. C u t l e r ,
D. T. B r id g e s ,

C. D. L e w i s ,

J. T . W

A . R . N ew ton.

H . L . Sa w ye r,

h it n e y ,

Open for business every business day except Saturdays, 8
Saturdays, 8 a . m . to 12 m .

B

alance

Sh e e t O cto ber

to 12

m

. ; 2 to 4

p .m

.;

31, 1896.

L ia b il it ie s .

A ssets.

Bank stock as per schedule,
Loans on bank stock, .
Loans on railroad bonds, .
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, not on inierest,
Insurance,....................................
Taxes...............................................
F u rn itu re,....................................
Cash on hand, .
.
.
.

a .m .

$31,218
8,300
100
4,200
395,042
160,535

00
00
00
00
80
00

20,000
650
8,375
253
97
1,040
2,638

00
00
04
65
98
00
13

Deposits, .
Guaranty fund,
Cemetery funds,
Undivided earnings,

$598,553
12,800
537
20,559

33
00
34
93

$632,450 60

$632,450 60

Cash on Deposit in Bank : —
Framingham National Bank, South Framingham,


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Federal Reserve Bank of St. Louis

.

$8,375 04

No. 8.J

SAYINGS BANK COMMISSIONERS

195

Farmers’ and Mechanics’ Savings B an k — Continued.
Loans on Bank Stock, amount on each : —
122 shares Hancock National Bank, Boston...................................................... $8,000 00
5 shares Boylston National Bank, B o s t o n , .............................................
300 00
Loan on Railroad Bonds : —
$100 Maine Central R.R. 6

s , ........................................................................

$100 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

21
16
10
40
10
9
6
5
17*
9
100
10

Par Value.

Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freeman's N’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 B'k, Holliston, .
North borough National Bank,
North boro ugh,
Framingham National Bank,
South Framingham,
First N’l Bank, West Newton,

$2,100
1,600
1,000
4,000
1,000
900
600
500
1,733

00
00
00
00
00
00
00
00
33

Estimated
Market Value.

$2,110
1,952
870
3,080
800
1,576
650
600
1,300

50
00
00
00
00
25
00
00
00

Amount
Invested.

$2,525
2,084
950
3,908
1,252
1,358
724
650
2,232

25
00
00
25
50
25
50
00
25

900 00

1,035 00

1,134 00

10,000 00
1,000 00

12,000 00
1,000 00

13.399 00
1,000 00

$25,333 33

$26,973 75 $31,218 00

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

$20,000 00
357,130 00

Rate.

4 per cent.
5

Amount.

$36,700 00
160,797 80

Rate.

5£ per cent.
6
«

Amount.

$10,000 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,
246
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate,
.
.
.
.
.
. 214
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
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.

7 per cent.

$4,200 00
4,800 00
259,615 00
16,000 00
29,698 85

196

REPORT OF THE

[Pub. Doc.

Farmers’ and. Mechanics’ Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $10,817 77
during the year ending Oct. 31, 1896,
.
.1 2 per cent.,
11,201 32
Number of accounts opened during the year ending Oct. 31, 1896,
. 269
Number of accounts closed during the year ending Oct. 31, 1896,
. 195
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,111
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex-.
elusive of t a x e s ) , ..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of same.................................................................................................1,946
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ...........................................................................................................
Number of s a m e , .......................................................................................... 1,523
Date of examination by commissioner : January 28.


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

J $22,019 09

2,037 15
126,280 98

112,074 51

No. 8.]

197

SAYINGS BANK COMMISSIONERS.

F IT C H B U R G SA V IN G S B A N K -F I T C H B U R G .
Incorporated Feb. 12, 1846.
Charles E . W

are,

Present number of corporators, 44.

President.
E

benezer

B r ig h a m N . B u l l o c k , Treasurer.
B a i l e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
R odney W alla c e ,
Carm i M . Pa r k e r ,

Charles E . W are,
R e u b e n R . C on n ,

H e n r y G. M o r se .

Open for business every business day except Saturdays, 9
9 a . m . t o 2 p M.

B

a lan ce

Sh

eet

Octo ber

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad bonds, .
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities and towns
(notes).........................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

a .m .

to 3

p .m . ;

Saturdays,

31, 1896.

L ia b il it ie s .

$205,597
246,477
10,200
344,200
1,000

50
00
00
00
00

130,000
16,200
1,332,650
1,051,600

00
00
00
00

Deposits, .
.
Guaranty fund,
Interest account,

$3,262,359 07
136,000 00
78,033 24

20,000 00
115,223 38
3,244 43
$3,476,392 31

$3,476,392 31

Cash on Deposit in Banks, amount in each: —
Fitchburg National Bank, Fitchburg, .
Merchants’ National Bank, Boston,
.
Leominster National Bank, Leominster,

.

$85,223 38
20,000 00
10,000 00

.

Loans on Bank Stock, amount on each: —
112
5
5
5

shares
shares
shares
shares

Safety Fund National Bank, Fitchburg,
Fitchburg National Bank, Fitchburg,
Naumkeag National Bank, Salem,
First National Bank, Salem,

.

$9,000 00
500 00
700 00

Loan on Railroad Bonds : —
$1,000 Eastern R .R. 6 s , .............................................


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Federal Reserve Bank of St. Louis

$ 1,000 00

[Pub. Doc

REPORT OF THE

198

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

City of Fitchburg, Mass., 3£s,.
of Fitchburg, Mass., 4s, .
of Keene, N. H.,3*s,
of New Bedford, Mass., 4s,
of Norwich, Conn., 7s,
of Portland, Me., 6s,
Town of Leominster, Mass , 4s,
of Turner’s Falls, Mass. (Fire
District), 4s, .
United States 4s,
. . .

$15,000
56,000
12,000
25,000
17,000
5,000
20,000

Estimated
Market Value.

$15,000
57,280
12,000
25,750
20,740
6,000
20,000

00
00
00
00
00
00
00

Amount Invested.

$15,000
56,000
12,000
25,000
17,935
4,662
20,000

00
00
00
00
00
50
00

25,220 00
32,100 00

25,000 00
30,000 00

$205,000 $214,090 00

$205,597 50

25,000
30,000

No. of
Shares.

Detailed Statement o f Bank Stocks.

60
100
150
100
150
166
225
75
100
150
116
153
123
170
100
100
5
133
100
30

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Boston Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston, .
North National Bank, Boston,
Fitchburg N’l B’k, Fitchburg,
Rollstone N’l B’k, Fitchburg,
Safety Fund N'l B’k, Fitchburg,
Citizens’ N’l B’k, New Bedford,
National Bank of Commerce,
New Bedford,
Townsend N’ l B’k, Townsend,
Crocker N’l B’k, Turner's Falls,
City Nat’l Bank, Worcester, .
Quinsigamond National Bank,
Worcester, .


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Federal Reserve Bank of St. Louis

Par Value.

$6,000
10,000
15,000
10,000
15,000
16,600
22,500
7,500
10,000
15,000
11,600
15,300
12,300
17 000
10,000
10,000
500
13,300
10,000
3,000
$230,600

Estimated
Market Value.

$6,540 00
11,400 00
13,443 00
12,200 00
13,275 00
12,450 00
32,625 00
7,275 00
10,600 00
12,000 00
11,600 00
21,420 00
17,220 00
17,000 00
11,500 00
7,500
575
16,226
14,500

00
00
00
00

4,200 00

Amount Invested.

$7,500
12,500
15,000
13,000
15,000
16,600
23,750
7,500
11,600
15,000
11,600
16,677
13,530
18,020
10,000

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

12,400
500
13,300
10,000

00
00
00
00

3,000 00

$253,549 00 $246,477 00

No. 8.]

199

SAYINGS BANK COMMISSIONERS.

Fitchburg Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. os, .
Maine Central R.R. 4s, .
Old Colony R.R. 4s,.
Vermont & Massachusetts R.R. 5 s,.

Estimated
Market Value.

Amount Invested.

$105,000 $105,000 00 $105,000 00
72,430 00
71.000
72,300 00
123,995 00
119,000
120,500 00
25,000 00
25.000
25,000 00
5,150 00
5,000
5,000 00
16,960 00
16.000
16,400 00
$341,000 $318,535 00

$344,200 00

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

Amount.

$20,000
85,223
18,000
25,000

00
38
00
00,

Rate.

Amount.

Rate.

Amount.

2 per cent.
n
“
4
“
4J

$367,800 00
11,500 00
1,154,150 00

4j per cent.
41
“
5
“

$544,000 00
271,500 00
33,500 00

Rate.

6
6£

per cent.
“
“

Amount invested in real estate for banking purposes,.................................... $130,000
130.000
Estimated value of the s a m e , ........................................................................
100.000
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
2,547
Value, by books, of other real estate held or owned by foreclosure or
16,200
o th erw ise,............................................................................................................
15,200
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 399
566,100
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 468
Gross amount of interest or profits received or earned, as per books, dur­
160,862
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend ( 2 per cent., $60,899 89 1 123,878
during the year ending Oct. 31, 1896, .
.
1 2 per cent.,
62,978 49 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 945
Number of accounts closed during the year ending Oct. 31, 1896,
. 759
.
.
.
.
7,230
Total number of open accounts Oct. 31, 1896,
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
6,989
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year end­
463,321
ing Oct. 31, 1896,...................................................................................................
Number of same.......................................................................................4,362
Amount of withdrawals, including dividends, during the year erd:ng Oct.
458,442
31, 1896.....................................................................................................................
Number of s a m e , ................................................................................. 4,089
Date of examination by commissioner: September 3.


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

00
00
00

20
00
00
00

26
38

89
77

63

200

[Pub. Doc.

REPORT OF THE

F LO R E N C E S A V IN G S B A N K — FLO R E N C E .

Incorporated Feb. 14, 1873.

Present number of corporators, 36.

M. E . G o u l d , Treasurer.
M. E. G o u l d , Clerk o f the Corporation.

S a m u e l P o u t e r , President.

Names of committee charged with the investment of its funds :
Sa m u e l P o r t e r ,

L. F. P l y m p t o n ,
G eorge

H . F. C u t l e r ,
H . B. H a v e n , Jr.,
S. G r a v e s .

Open for business every business day, 10

B a la n ce Sh e e t O ctober

A

sse ts.

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 on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Prem ium s,....................................
Furniture and fixtures,
Cash on hand, .
.
.
.

a .m .

to 2 f . m .

31, 1896.

L ia b il it ie s .

$35,000 00
23,200 00
29,000 00
4,724
1,545
117,856
78,623
300
8,959
54
3,815
479
679

Deposits, .
Guaranty fund,
Interest account,

$295,585 63
8,429 61
123 97

92
00
80
63
00
96
50
50
49
41

$304,139 21

$304,139 21

Cash on Deposit in Bank: —
Hampshire County National Bank, Northampton,


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

$8,959 96

No. 8.]

SAYINGS BANK COMMISSIONERS.

201

F lo r e n c e Savings B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

$7,000
8,000
15,000
5,000

City of Lynn, Mass., 4s, .
Town of Aldington, Mass., 4s, .
of Braintree, Mass., 4s,
of Orange, Mass., 4s, .

$35,000

Estimated
Market Value.

$7,210
8,000
15,150
5,025

Amount Invested.

$7,000
8,000
15,000
5,000

00
00
00
00

00
00
00
00

$35,000 00

$35,385 00

No. o f I
Shares. I

Detailed Statement o f Bank Stocks.

85
40
90
17

Par Value.

Estimated
Market Value.

$8,500
4,000

$8,500 00
4,800 00

$8,500 00
4,000 00

9,000
1,700

10,800 00
1,275 00

9,000 00
1,700 00

$23,200

$25,375 00

$23,200 00

Home NatT Bank, Holyoke, .
First NatT Bank, Northampton,
Hampshire County NatT Bank,
Northampton,
Agawam NT B’k, Springfield,

Amount Invested.

Detailed Statement o f Railroad Bonds.
Par Value.

$5,000
10,000
12,000
1,000
1,000

Boston & Lowell R.R 4s,
Boston & Providence R.R. 4 s,.
Concord & Montreal R.R. 4s, .
Old Colony R.R. 6s,
. . .
Vermont & Massachusetts R.R. 5s,

$29,000

Estimated
Market Value.

$5,050
10,350
12,120
1,010
1,060

00
00
00
00
00

$29,590 00

Amount Invested.

$5,000
10,000
12,000
1,000
1,000

00
00
00
00
00

$29,000 00

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

Rate.

Amount,

$8,959 96

4

per cent.


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

Rate.

Amount.

$196,265 43

5

per cent.

Amount.

$515 00

Rate,

6

per cent.

202

REPORT OF THE

[Pub. Doc.

F lo r e n c e Savings B a n k — Concluded.
Amount invested in real estate for banking purposes, 4
$4,724 92
Estimated value of the same,.................................................................................
5,000 00
Assessed value of the s a m e ,.................................................................................
3,000 00
Net income received from same during the year ending Oct. 31, 1896,
.
120 00
Value, by books, of other real estate held or owned by foreclosure or other­
wise, .
.
.
.
.
.
.
.
.
.
.
.
.
.
1,545 00
Assessed value of the same.....................................................................................
1,000 00
Number of loans which are of an amount not exceeding $3,000 each,
134
Aggregate amount of the s a m e , .........................................................................114,886 80
Total number of loans upon real e s t a t e , ............................................. 116
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
13,555 87
Times for the dividends fixed by the by-laws: second Tuesday in April
and October.
Rate and amount of each semi-annual dividend f 2 percent.,
$5,611 97 1 11 242 13
during the year ending Oct. 31,1896,
.
. 1 2 per cent.,
5,630 16 1
Number of accounts opened during the year ending Oct. 31, 1896,
165
Number of accounts closed during the year ending Oct. 31, 1896,
174
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,310
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
89068
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896.....................................................................................................
56,510 98
Number of s a m e , .................................................................................1,598
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
63,705 45
Number of s a m e , ................................................................................. 1,149
Date of examination by commissioner: May 28.


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

No. 8.]

203

SAYINGS BANK COMMISSIONERS.

F O 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, 34.

W illiam B. Crocker, President.
E dward M. Phelps , Treasurer.
E dward M. P helps, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
W illiam B. Crocker,
W illiam T. Cook,
R ichard S. Carpenter ,
F. E. H artshorn,
A. H. M essinger .
Open for business every business day, 9 a .m . to 3 p .m . ; Wednesdays and Saturdays,
6 to 8 p .m .

B alance

Sh ee t O cto ber

31, 1896.
L ia b il it ie s .

A sse ts.

Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in hanks, on interest, .
Cash on hand,
.
.
.
.

$27,500
59,850
63,700
121,165
3,460
9,478
1,008

00
00
00
00
00
38
03

Deposits, .
Guaranty fund,
Undivided earnings,.

$271,275 21
10,200 00
4,686 20

$286,161 41

$286,161 41

Cash on Deposit in Bank: —
Winthrop National Bank, B o s t o n , ...............................................................$9,478 38

Detailed Statement o f Public Funds.
Par Value.

City of East Saginaw, Mich., 5s,
of Holyoke, Mass., 4s,
of Keene, N H., 4 s,.
of Keene, N. H., 5s,.
of Lynn, Mass., 5s, .
Town of Winthrop, Mass., 5s,


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

$5,000
5,000
5,000
2,500
9,000
1,000
$27,500

Estimated
Market Value.

$5,225
5,150
5,000
2,550
9,720
1,080

00
00
00
00
00
00

$28,725 00

Amount Invested.

$5,000
5,000
5,000
2,500
9,000
1,000

00
00
00
00
00
00

$27 500 00

204

[Pub. Doc.

REPORT OF THE

Foxborough. Savings Bank — Continued.

Shares.

' No. of

Detailed Statement o f Bank Stocks.
rar Value.

Blackstone N’l Bank, Boston, .
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston,
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k,Boston,
Market Nat’l Bank, Boston, .
Metropolitan N’l Bank, Boston,
Mt. Vernon Nat’l Bank, Boston,
N’l B'k of Commerce, Boston,
N’l B’k of No. America, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
National Bank of Wrentham,
Wrentham, .
.
.
.
8 State Street Safe Deposit and
Trust Company, Boston,

23
15
34
10
22
20
8
30
5
29
58
10
11
31
10
43
40
17
10
14
35
6
40
12
18
36
5

$2,300
1,500
3,400
1,000
2,200
2,000
800
3,000
500
2,900
5,800
1,000
1,100
3,100
1,000
4,300
4,000
1,700
1,000
1,400
3,500
600
4,000
1,200
1,800
3,600

Estimated
Market Value.

$1,983
1,344
4,241
940
2,211
1,600
1,016
2,572
490
2,175
5,104
1,033
1,237
3,003
780
3,010
4,240
1,326
987
1,491
3,010
642
3,560
1,032
2,313
3,744

75
37
50
00
00
00
00
50
00
00
00
75
50
13
00
00
00
00
50
00
00
00
00
00
00
00

Amount Invested.

$2,300
1,500
3,400
1,000
2,200
2,000
800
3,000
500
2,900
5,800
1,000
1,100
3,100
1,000
4,300
4,000
1,700
1,000
1,400
3,500
600
4,000
1,200
1,800
3,600

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

350

400 00

350 00

800

800 00

800 00

$59,850

$56,288 00

$59,850 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. 4 s,.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R R. 4s, .


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

$2,000
11,000
3,000
5,000
5,000
6,000

Estimated
Market Value.

$2,240
11,115
3,075
5,325
5,375
6,000

00
00
00
00
00
00

Amount Invested.

$2,000
11,000
3,000
5,000
5,000
6,000

00
00
00
00
00
00

No. 8.]

205

SAYINGS BANK COMMISSIONERS.

Foxborough Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

Maine Central R.R. 4£s, .
Portsmouth, Great Falls & Conway
R R. 4is,
..................................
Salem & Lowell R.R. 6s,.
St. Jolmsbury & Lake Champlain
R.R. 5 s , ..................................
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5 s,.

Estimated
Market Value.

Amount Invested.

$7,000

$7,420 00

$7,000 00

4,000
700

4,400 00
721 00

4,000 00
700 00

10,000
5,000
5,000

11,800 00
5,250 00
5,300 00

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

$63,700

$68,021 00

$63,700 00

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

Amount.

$9,478 38
18,000 00

Bate.

2 per cent.
5
“

Amount.

$2,800 00

Bate.

Amount.

5J per cent.

$103,825 00

Bate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 127
Aggregate amount of the same..............................................................................$100,525 00
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, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
13,664 10
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., $4,473 96 )
9,303 88
during the year ending Oct. 31, 1896,
.,
i 2 per cent.,
4,829 92 >
Number of accounts opened during the year ending Oct. 31, 1896,
. 189
Number of accounts closed during the year ending Oct. 31, 1896,
. 138
Total number of open accounts Oct. 31, 1896...................................
1,166
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu985 70
sive of taxes)..........................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e ,.................................................................................1,172
Amount of withdrawals, including dividends, during the year ending Oct.

79,311 13

31, 1 8 9 6 , ............................................................................................................
Number of s a m e ,................................................................................. 1,041
Date of examination by commissioner: January 20.

63,967 04


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

[Pub. Doc

REPORT OF THE

206

F R A M IN G H A M S A V IN G S B A N K — SOUTH F R A M IN G H A M .
Incorporated March 11, 1846.

Present number of corporators, 46.

F ranklin E. Gregory , President.
F rank F. M orrill , Treasurer.
F rank F. M orrill , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Samuel B. B ird ,
F ranklin E. G regory ,
J. H enry R obinson ,
A drian F oote,
E dward F. K endall ,
F rancis C. Stearns,
L uther F. F uller .
Open for business every business day except Saturdays, 9 a .m . to 3 p .m .; Saturdays, 9
A.M. to 12 M.
B

alance

Sheet O ctober

31, 1896.

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 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,
Premium account,
Accrued interest, .
.
.
.
Sundry stocks, .
.
.
.
Trustees C. C. Esty, .
F u rn itu re ,....................................
Cash on hand,
.
.
.
.

$230,050
4,000
148,300
1,300
93,000
44,023
518,721
47,584

00
00
00
00
00
91
94
53

20,000
30
5,718
7,617
79,546
16,670
5,769
6,049
426
2,185

00
00
41
86
48
45
00
89
10
74

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

$1,230,994 31

$1,197,4S8 34
21,902 26
11,593 71

$1,230,994 31

Cash on Deposit in Banks, amount in each : —
41

7,617

86

O
o

00

l>-

CO

Old Colony Trust Company, Boston........................................
Framingham National Bank, South Framingham,
Loan on Public Funds : —
$4,000 United States 4

s , ......................................................

Loans on Bank Stock, amount on each : —
6 shares Waltham National Bank, Waltham,
7 shares Framingham National Bank, South Framingham,

$600 00*
700 00

* The bank has been notified that this loan, in excess o f the legal limit, must be reduced.


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

No. 8.]

207

SAYINGS BANK COMMISSIONERS

Framingham Savings B ank— Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Chicopee, Mass., 4s,
of Cranston, R. I., 4s,
of Indianapolis, Ind., 4s, .
of Keene, N. II., 4 s,.
of Lewiston, Me., 5s,
of Milwaukee, Wis., 5s, .
of Norwalk, Conn., 4s, .
of Portsmouth, N. H., 4s,
of Stamford, Conn., 4s, .
of Waterbury, Conn., 4s,
Town of Leominster, Mass., 4s,
of Marlborough, Mass., 4s, .
of Spencer, Mass., 4s, .
United States 4s,
. . .

$20,000
5,000
27,500
23,000
9,000
1,750
30,000
24,500
10,000
5,000
9,300
20,000
20,000
25,000
$230,050

Estimated
Market Value.

$20,000
5,000
27,500
23,000
9,480
1,750
30,000
25,800
10,500
5,200
9,500
20,000
20,000
30,000

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

Amount Invested.

$20,000
5,000
27,500
23,000
9,000
1,750
30,000
24,500
10,000
5,000
9,300
20,000
20,000
25,000

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

$237,730 00 $230,050 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

6 Atlas National Bank, Boston,.
12 Blackstone N’l Bank, Boston, .
33 Boston Nat’l Bank, Boston,
100 Central Nat’l Bank, Boston, .
100 Continental N’l Bank, Boston,
155 Eliot Nat’l Bank, Boston,
165 First National Bank, Boston, .
136 Howard Nat’l Bank, Boston, .
85 Mt. Vernon N’l Bank, Boston,
119 N’l B’k of Commerce, Boston,
10 N’l B’k of No. America, Boston,
90 N’l B’k of the Republic, Boston,
180 N’l Hide & Leather B’k, Boston,
43 Nat’l Webster Bank, Boston, .
30 Second National Bank, Boston,
50 Shoe & Leather N’l B’k, Boston,
92 Merchants’ Nat’l Bank, Port­
land, Me., .
.
.
.
100 Framingham National Bank,
South Framingham, ,


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

Par Value.

$600
1,200
3,300
10,000
10,000
15,500
16,500
13,600
8,500
11,900
1,000
9,000
18,000
4,300
3,000
5,000

Estimated
Market Value.

$732
1,200
3,795
14,400
13,000
20,150
41,250
15,232
11,900
15,827
1,235
14,850
23,040
4,472
5,700
4,750

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

Amount Invested.

$600
1,200
3,300
10,000
10,000
15,500
16,500
13,600
8,500
11,900
1,000
9,000
18,000
4,300
3,000
5,000

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

6,900

11,040 00

6,900 00

10,000

14,200 00

10,000 00

$148,300

$216,773 00 $148,300 00

208

REPORT OF T EIE

[Pub. Doc.

Framingham Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4is, .
.
.
.
Maine Central R.R. 4is, .
Newport & Richford R.R. 5s, .

Estimated
Market Value.

$9,000
11,000
25.000
11.000
2,000
15.000
20.000
$93,000

$9,500
11,300
25,218
11,374
2,000
16,000
21,000

Amount Invested.

$9,000
11,000
25.000
11.000
2,000
15.000
20.000

00
00
72
76
00
00
00

$96,393 48

00
00
00
00
00
00
00*

$93,000 00

* A legal investment when made.

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

$5,718 41
193,980 00

Rate.

2 per cent.

5

“

Amount.

$11,200 00
369,456 47

Rate.

5£ per cent.
6

Rate.

Amount.

$17,000 00

7 per cent.

“

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the sam e,.................................................................................
Net income received from same during year ending Oct. 31,1896,
. .
Number of loans which are of an amount not exceeding $3,000 each, 266
Aggregate amount of the same, .........................................................................
Total number of loans upon real e s t a t e , ............................................. 262
Amount of investments from which no income is received,
.
.
.
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1896, ........................................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November.
Rate and amount of each semi-annual dividend f 1£ per cent., $18,200 00 i
during the year ending Oct. 31, 1896,
.
. 1 l j per cent., 17,000 00 $
Number of accounts opened during the year ending Oct. 31, 1896, . 444
Number of accounts closed during the year ending Oct. 31, 1896,
. 456
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,704
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes)
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1896................................................ ............................................
Number of same.....................................................................................2,278
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896...................................................................................................................
Number of s a m e ,.................................................................................2,671
Date of examination by commissioner : April 6.


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

$44,023 91
46,320 00
1,604 20
230,595 16
12,811 37
52,258 76

35,200 00

5,687 65
155,267 35

279,958 64

No. 8.]

209

SAYINGS BANK COMMISSIONERS.

F R A N K L IN SA V IN G S B A N K — BOSTON.
Incorporated March 15, 1861.

Present number of corporators, 95.

F rederic AY. L incoln, President.
E benezer A lexander , Treasurer.
G eorge A . F isher , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A ugustus Parker ,
D. R . E merson ,
A rthur H obart,

M artin L. B radford ,
James A rthur Jacobs,
James E . W hitney .

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

B alance

Sheet O ctober

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,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
.
.
S u s p e n s e ,....................................
Sundry accounts,
Gasli on hand.................................

31, 1896.

$1,178,000
128,000
346,573
70,100
818,000
130.000

00
00
62
00
00
00

225.000
82,907
4.379,017
2/204,050
309,346
5,654
15,271
211
7,207

00
00
92
00
10
21
67
10
51

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

$9,413,881 78
325,000 00
95,541 82
64,770 13
145 40

$9,899,339 13

$9,899,339 13

Cash on Deposit in Banks, amount in each: —
Boylston National Bank, Boston,
Continental National Bank, Boston, .
Everett National Bank, Boston, .
Massachusetts Loan and Trust Co., Boston,
National Revere Bank, Boston, .
.
North National Bank, Boston,
.
.
.
Holyoke National Bank, Boston,
. .
Pynchon National Bank, Springfield, .
Third National Bank, Springfield,


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

.

$70,053
28,606
40.000
50.000
26,759
33,926

10
92
00
00
27
81

10.000 00
25.000 00
25.000 00

\

210

KEPOKT OF THE

[Pub. Doc.

Franklin Savings Bank — Continued.
Loans on Public Funds, amount on each : —
$40,000 City of Norwich, Conn., 4 s , ....................................
$18,000 City of Waterbury, Conn., 4s,
.
$10,000 City of Boston, Mass., 3 £ s , ....................................
$2,000 City of Manchester, N . H , 4s,
.
$2,000 City of Newton, Mass., 4 s , ....................................
$2,000 City of Quincy, Mass., 4 s , ....................................
$4,500 City of Portsmouth, N. H., 4s,
.
$26,000 City of Manchester, N. H., 4s,
.
$4,000 City of Newton, Mass., 4 s , ....................................
$12,000 Town of Watertown, Mass., 4s,
.
$10,000 City of Cambridge, Mass., 4 s ,....................................

$40,000 00
18,000 00

]
j-

10,000 00
10,000 00

j

]
[

50,000 00

Loans on Bank Stock, amount on each: —
425 shares
235 shares
60 shares
19 shares

Broadway National Bank, Boston,
.
Fourth National Bank, Boston, .
Massachusetts Loan and Trust Co., Boston,
Metropolitan National Bank, Boston,

$42,500 00
22,000 00

4,500 00
1,100 00

Detailed Statement o f Public Funds.
Par Value.

City of Altoona, Pa., 4s, .
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 4s, .
of Columbus, Ohio, 4s, .
of Detroit, Mich., 4s,
of Fall Biver, Mass., 6s, .
of Indianapolis, Ind., 4 s,.
of Laconia, N. H., 4s,
of Middletown, Conn , 4s,
of Minneapolis, Minn., 4s,
of Newton, Mass., 4s,
of Northampton, Mass., 4s,
of Providence, R. I., 5s, .
of Rutland, Vt., 4s, .
of Saginaw, Mich., 5s,
of Springfield, Mass., 7s,
of Waterbury, Conn., 4s,
of Woonsocket, R. I., 4 s,.
Town of Spencer, Mass., 4s, .
District of Columbia 6s, .
District of Columbia 7s, .
County of Aroostook, Me., 4£s,
United States 4s,


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

$50,000
200,000
3,000
2,000
1,000
50,000
20,000
40,000
50,000
4,000
50,000
50,000
10,000
50,000
43,000
100,000
6,000
27,000
15,000
10,000
25,000
100,000
80,000
96,000
8,000
38,000
50,000

Estimated
Market Value.

$50,500
208,250
3,450
2,260
1,140
50,500
20,000
39,600
52,000
4,720
51,000
51,000
10,200
50,750
45,150
102,500
6,270
27,270
15,525
11,900
25,750
100,000
81,600
107,520
9,280
39,900
58,500

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

Amount Invested.

$50,000
200,000
3,000
2,000
1,000
50,000
20,000
40,000
50,000
4,000
50,000
50,000
10,000
50,000
43,000
100,000
6,000
27,000
15,000
10,000
25,000
100,000
80,000
96,000
8,000
38,000
50,000

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

$1,178,000 $1,226,535 00 $1,178,000 00
* Legal investments when made.

No. 8.]

SAVINGS BANK COMMISSIONERS.

211

Franklin Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Slocks.

Par Value.

41 Atlantic Nat’l Bank, Boston, .
200 Atlas National Bank, Boston, .
133 Blackstone N’l Bank, Boston, .
57 Boylston Nat’l Bank, Boston, .
205 Columbian Nat’l Bank, Boston,
235 Continental N’l Bank, Boston,
22 Eliot National Bank, Boston, .
81 Everett Nat’l Bank, Boston, .
135 First Ward N’l Bank, Boston,
106 Fourth Nat’l Bank, Boston,
156 Freeman’s N’l Bank, Boston, .
60 N’l B’k of Commerce, Boston,
200 N’l B’k of No. America, Boston,
200 National City Bank, Boston, .
201 Nat’l Exchange Bank, Boston,
200 National Revere Bank, Boston,
20 National Union Bank, Boston,
139 Nat’l Webster Bank, Boston, .
172 North National Bank, Boston,
200 Old Boston Nat’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 Nat’l Bank, Salem,
50 Third Nat’l Bank, Springfield,
100 Massachusetts Loan and Trust
C o , Boston, .
.
.
.

Estimated
Market Value.

$4,100
20,000
13,300
5,700
20,500
23,500
2,200
8,100
13,500
10,600
15,600
6,000
20,000
20,000
20,100
20,000
2,000
13,900
17,200
20,000
5,500
20,000
13,000
8,600
8,400
5,000

$4,469
22,800
11,438
7,068
19,475
23,500
2,640
6,399
17,145
12,720
13,260
6,660
19,400
15,000
24,522
16,000
2,600
13,622
17,200
21,000
9,625
17,200
13,780
9,202
10,500
10,000

10,000

10,500 00

$346,800

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
on
00
00
00
00
00
00
00

Amount Invested.

$4,100
20,000
13,300
5,700
20,500
23,500
2,200
7,873
13,500
10,600
15,600
6,000
20,000
20,000
20,100
20,000
2,000
13,900
17,200
20,000
5,500
20,000
13,000
8,600
8,400
5,000

00
00
00
00
00
00
00
62
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

10,000 00

$357,725 00 $346,573 62

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston & Maine R.R. 4s,.
Boston & Maine R.R. 4^s,
Concord & Claremont R.R. 4is,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R R. 4i s, .
.
.
.
Fitchburg R R. 5s.............................
Maine Central & European & North
American R R. 4s,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$50,000
$50,000
100,000
100,000
100,000
50,000
56,000
114,000

$51,750
51,250
114,000
103,000
101,000
60,000
59,080
116,280

00
00
00
00
00
00
00
00

100,000

101,000 00

Amount Invested.

$50,000
50,000
100,000
100,000
100,000
50,000
56,000
114,000

00
00
00
00
00
00
00
00

95,000 00

212

REPORT OF THE

[Pub. Doc.

Franklin Savings Bank — Concluded.
Detailed Statement o f Railroad Ronds— Concluded.
Estimated
Market Value.

Amount Invested.

$50,000
3,000

$50,000 00
3,030 00

$50,000 00
3,000 00

50,000

59,000 00

50,000 00

Par Value.

N. Y. & N E. R.R. (terminal), 4s, .
Old Colony R.R. 6s,
. . .
St. Johnsbury & Lake Champlain
R.R. 5 s , ...................................

$823,000 $869,390 00 $818,000 00

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

$159,346
591.000
340.000
1,227,800

Kate.

10
00
00
00

2

per cent.

4

»

44

“

4è

“

Amount.

Rate.

Amount.

$110.000 00
3,684,711 81
630,425 00

4| per cent.
5
“
5è
«

$454,231 11
18,000 00
5,000 00

Rate.

6

6à
7

per cent.
«
“

Amount invested in real estate for banking purposes.......................................$225,000 00
Estimated value of the s a m e , ........................................................................
225,000 00
Assessed value of the s a m e ,.................................................................................
165,000 00
Value, by books, of other real estate held or owned by foreclosure or other­
wise,
.....................................................................................................................
82,907 00
Assessed value of the same.....................................................................................
66,225 00
Number of loans which are of an amount not exceeding $3,000 each, 461
Aggregate amount of the s a m e , ........................................................................
800,597 46
Total number of loans upon real e s t a t e , .............................................810
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
431,798 55
Times for the dividends fixed by the by-laws, February 1 and August 1.
Rate and amount of each semi-annual dividend ( 1^ per cent., $133,054 79 ) 313 O30 „„
during the year ending Oct. 31, 1896, .
.
1 2 per cent., 179,981 29 i
’
Number of accounts opened during the year ending Oct. 31, 1896,
2,510
Number of accounts closed during the year ending Oct. 31, 1896,
1,923
.
.
.
.
19,303
Total number of open accounts Oct. 31, 1896,
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes).......................................................................................................... 24,01103
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31,1896..................................................................................................... 1,622,537 50
Number of s a m e , ............................................. ........
14,812
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................ 1,799,760 24
Number of s a m e , ................................................................................. 15,292
Date of examination by commissioner : June 4.


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Federal Reserve Bank of St. Louis

No. 8.]

213

SAYINGS BANK COMMISSIONERS.

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 i a 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 It. 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 ,
J o se p h G r is w o l d ,
W m . H . A llen,
H en rv F . N ash,
L u cius N im s .

Open for business every business day, 9

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

A ssets.

a .m .

to 3

p .m .

31, 1896.

L ia b il it ie s .

Public funds as per schedule,
$1,212,907 80
Loans on public funds,
2,000 00
Bank stock as per schedule,
66,100 00
Loans on bank stock, .
.
.
103,038 00
Railroad bonds as per schedule,
482,500 00
Real estate by foreclosure, .
4,066 13
Loans on real estate, .
976,567 27
Loans on personal security,
857,800 00
Loans to counties, cities or towns
( n o t e s ) ,....................................
103,425 00
2,395 00
Loans on depositors’ books,
Deposits in banks, on interest, .
166.365 49
2,820 03
Expense account,
Unpaid interest, .
.
.
.
595 57
Cash on hand..................................
1,476 14
$3,982,056 43

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

$3,691,518 14
188,000 00
39,235 65
63,302 64

$3,982,056 43

Cash on Deposit in Banks, amount in each : —
National Hide and Leather Bank, Boston,...................................................... $22,493 27
First National Bank, Greenfield,........................................................................
78,276
Franklin County National Bank, G r e e n f ie ld ,.............................................
15,000
Park National Bank, H o ly o k e ,........................................................................
15,483
Agawam National Bank, Springfield,............................................. .
.
10,000
Pynchon National Bank, Springfield,...............................................................
10,000
Springfield National Bank, S p r i n g f i e l d ,...................................................... 15,112 60


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Federal Reserve Bank of St. Louis

16
00
46
00
00

214

REPORT OF THE

[Pub. Doc

Franklin Savings Institution — Continued.
Loan on Public Funds: —
$2,000 City of Holyoke 6 s , .................................................................................$2,000 00

Loans on Bank Stock, amount on each: —
100 shares Manufacturers’ Trust Co., Holyoke, .
00 shares Springfield Safe Deposit and Trust Co., Springfield,
50 shares National Bank of the Commonwealth, Boston,
150 shares National Hide and Leather Bank, Boston,
23 shares Old Boston National Bank, Boston, .
28 shares Suffolk National Bank, Boston..............................
13 shares Washington National Bank, Boston,.
100 shares Railroad National Bank, Lowell,
500 shares Vermont National Bank, Brattleboro, Vt.,
50 shares Franklin County National Bank, Greenfield,
20 shares Franklin County National Bank, Greenfield, .
5 shares First National Bank, Greenfield,
12 shares First National Bank, Greenfield,
23 shares First National Bank, Greenfield,
55 shares Home National Bank, Holyoke,
98 shares Hampshire County National Bank, Northampton,
15 shares First National Bank, Northampton, .
15 shares First National Bank, Northampton, .
30 shares Adams National Bank, North Adams,
22 shares Shelburne Falls National Bank, Shelburne Falls,
15 shares Shelburne Falls National Bank, Shelburne Falls,
10 shares City National Bank, Worcester,

$ 20,000 00

25,000 00

25,000
4,000
1,600
500
1,200
2,100
5,000

00
00
00
00
00
00
00

11,288 00
1,400
1,250
2,200
1,500
1,000

00
00
00
00
00

Detailed Statement o f Publie Funds.
Estimated
Market Value.

Par Value.

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

Boston, Mass., 5s,
Boston, Mass., 6s,
Brockton, Mass., 5s,
Cambridge, Mass., 6s, .
Chicago, ill., 4s, .
Cleveland, Ohio, 5s,
Dayton, Ohio, 5s, .
Detroit, Mich., 4s,
East Saginaw, Mich ,4s,
East Saginaw, Mich., 5s,
Fall River, Mass., 4s, .
Fall River, Mass., 5s, .
Fall River, Mass., 6s, .
Grand Rapids, Mich ,5s,
Hartford, Conn., 4s,
Holyoke, Mass., 6s,
Lawrence, Mass , 6s, .
Lynn, Mass., 4s, .


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Federal Reserve Bank of St. Louis

$30,000
16,000
28,000
13,000
25,000
73,000
50,000
25,000
25,000
25,000
50,000
4,000
21,000
50,000
25,000
46,000
20,000
10,000

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

$33,450
18,160
31.190
14,715
25,000
76.543
55,800
25,875
25,000
26,000
50,500
4,080
22,413
55,000
25,938
48,932
23,550
10,225

* A legal investment when made.

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

Amount Invested.

$30,000
16,000
28,000
13,000
25,000
73,000
50,000
25,000
25,000
25,000
50,000
4,000
21,000
50,000
25,000
46,000
20,000
20,000

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

\

No. 8.]

SAYINGS BANK COMMISSIONERS

215

Franklin Savings Institution — Continued.

Detailed Statement of Public Funds— Concluded.
P a r V a lue.

City of Milwaukee, Wis., 5s, .
of Nashua, N. H., 6s,
of Northampton, Mass., 4s,
of Peoria, 111., 4|s, .
of Peoria, 111,, 5s,
of Providence, R. I., 5s, .
of Providence, R. I., 6s, .
of Springfield, Mass., 6s, .
of Springfield, Mass., 7s, .
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 6s, .
of Worcester, Mass., 5s, .
Town of Athol, Mass., 4s,
of Athol, Mass., 4£s,
of Brattleboro, Yt., 4s, .
of Chatham, Mass., 4£s, .
of Chesterfield, N. H.,4s,
of Greenfield, Mass., 4s, .
of Greenfield, Mass.(Fire
District), 4£s,
of Marblehead, Mass.,4s,
United States 5s,

E stim a ted
M a rk et V alue.

$100,000 00
75,000 00
11,000 00
25,000 00
20,000 00
25,000 00
100,000 00
4,000 00
20,000 00
50,000 00
10,332 80
18,000 00
3.000 00
6,000 00
18,000 00
5,000 00
1,000 00
76,700 00

$108,903 00
82,500 00
11,000 00
26,125 00
20,800 00
27,875 00
108,750 00
4,680 00
23,800 00
53,250 00
10,538 00
19,800 00
3,000 00
6,120 00
18,000 00
5,310 00
1,000 00
76,700 00

21,875 00
37,000 00
50,000 00

22,310 00
38,085 00
55,750 00

A m ou n t In v ested .

$100,000
75,000
11,000
25,000
20,000
25,000
100,000
4,000
20,000
50,000
10,332
18,000
3,000
6,000
18,000
5,000
1,000
76,700

00
00
00
00
00
00
00
00
00
00
80
00
00
00
00
00
00
00

21,875 00
37,000 00
50,000 00

$1,212,907 80 $1,296,667 00 $1,212,907 80

N o. o f

Shares.

Detailed Statement of Bank Stocks.

5
153
87
125
68
140
25
10
30
18

P a r V a lu e.

Faneuil Hall N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N ’l B’k of No. America, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston,..
First Nat’l Bank, Greenfield, .
Franklin County Nat’l Bank,
Greenfield..............................
Adams N’l B’k, North Adams,
First N’l Bank, Northampton, .
Pittsfield N’l Bank, Pittsfield,.


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Federal Reserve Bank of St. Louis

E stim ated
M ark et V alue.

A m ou n t In v ested .

$500
15,300
8,700
12,500
6,800
14,000

$647
17,213
8,395
10,000
6,715
25,900

00
00
00
00
00
00

$500
15,300
8,700
12,500
6,800
14,000

00
00
00
00
00
00

2,500
1,000
3,000
1,800

2,500
1,200
3,600
2,700

00
00
00
00

2,500
1,000
3,000
1,800

00
00
00
00

$66,100

$78,870 00

$66,100 00

[Pub. Doc.

REPORT OF THE

216

Franklin Savings Institution — Concluded.
Detailed Statement o f Railroad Bonds.
E stim ated
P a r V a lue.

Boston & Maine R.R. 4 s,.
Boston & Maine R.R. 4-i-s,
Conn. & Passumpsic Rivers R R. 4s,
Danbury & Norwalk R R. 5s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
N. Y. & N. E. R R. (terminal) 4s, .
Sullivan CountjTR.R. 4 s,.
Vermont & Massachusetts R R. 5 s ,.
Vermont Valley R.R. 5 s,.

$50,000
50.000
25.000
25.000
57,500
100,000
50.000
25.000
50.000
50.000

M ark et V a lu e.

$51,000
57,125
25.750
28.750
67,850
100,000
50,000
25.500
52.500
55.750

00
00
00
00
00
00
00
00
00
00

A m ou n t In v este d.

$50,000
50.000
25.000
25.000
57,500
100,000
50.000
25.000
50.000
50.000

00
00
00
00
00
00
00
00
00
00

$482,500 $514,225 00 $482,500 00

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

R a te.

A m ou n t,

$22,493
78,276
115,000
29,000

27
16
00
00

2 per cent.
2i
“
«
“

4
4|

R a te.

A m ou n t.

$131,500
140,000
1,412,541
75,000

00
00
33
00

4^ per cent.
4§
“
5
“
5i
“

A m ou n t.

$127,000
10,000
45,780
25,000

R a te.

00
00
00
00

5^ per cent.
63
“
6
“
6i
“

$4,066 13
Value, by books, of real estate held or owned by foreclosure or otherwise,
2,750 00
Assessed value of the same......................................... ............................................
Number of loans which are of an amount not exceeding $3,000 each, 565
602,045 07
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 554
64 88
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
187,996 68
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount
of eachsemi-annual
dividend f2
per
cent.,$71,356 03^
143,804 78
during the yearending Oct. 31, 1896, .
.
1 2 per cent.,
72,448 75 $
Number of accounts opened during the year ending Oct. 31, 1896,
. 709
Number of accounts closed during the year ending Oct. 31, 1896,
. 607
Total number of open accounts Oct. 31, 1896,
.
.
.
.
7,704
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
8,271 80
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
338,617 25
ing Oct. 31, 1896.....................................................................................................
Number of s a m e , .......................................................................................... 3,480
Amount of withdrawals, including dividends, during the year ending Oct.
422,981 77
31, 1896.....................................................................................................................
Number of s a m e , .......................................................................................... 3,911
Date of examination by commissioner: September 10.


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Federal Reserve Bank of St. Louis

No. 8.]

217

SAYINGS BANK COMMISSIONERS

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.
C

harles

W . C onant,
V

Present number of corporators,^ 8 .

President.

olney

John D . E

W . H

ow e

,

dgell

,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Ch
E

arles

u c l id

W.

L. B

S. W . A.

C onant,
rooks,

Sam

E

uel

S. G

leason

S tevens,

O sgood,

zra

.

Open for business every business day except Saturdays, 9
close at 12 m .

a .m

.

to 3

p .m

.;

Saturdays,

B alance Sheet October 31, 1896.

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.
Furniture and fixture account, .
Cash on hand,
.
.
.
.

L ia b il it ie s .

$96,100
110,900
7,450
160,000
1,671
690,161
376,370

00
00
00
00
60
14
05

85,800
200
27,399
17,000
1,452
10,736
1,770

00
00
11
00
50
85
46

$1,587,011 71

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

$1,439,810 96
75,000 00
12,668 08
59,532 67

$1,587,011 71

Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , ..............................................................................$25,399 11
First National Bank, G a r d n e r ,........................................................................
19,000 00
Loans on Bank Stock, amount on each: —
11 shares First National Bank, G a r d n e r ,.......................................................... $1,100 00*
15 shares First National Bank, G a r d n e r ,......................................................
600 00
6 shares First National Bank, Gardner............................................................j
^ 40q qq*
8 shares Leominster National Bank, L e o m in s t e r ,................................ )
’
T h e b a n k h a s b e e n n o t ifie d th a t t h e s e lo a n s , in e x c e s s o f th e le g a l lim it , m u s t b e c o r r e c t e d .


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Federal Reserve Bank of St. Louis

218

REPORT OF THE

[Pub. Doc

Gardner Savings Bank — Continued.
25 shares First National Bank, G a r d n e r ,...................................................... $2,500
5 shares Westminster National Bank, G a r d n e r , ....................................
5 shares Westminster National Bank, G a r d n e r , ....................................
5 shares First National Bank, G a r d n e r ,......................................................
5 shares Westminster National Bank, G a r d n e r , ....................................)
2 shares First National Bank, G a r d n e r ,......................................................i
2 shares First National Bank, G a r d n e r ,......................................................

00*
350
400
400
^

00
00
00
qq

200 00*

* The bank has been notified that these loans, in excess o f the legal limit, must be corrected.

Detailed Statement o f Public Funds.

City of Cleveland, Ohio, 4s, .
of New Britain, Conn., 4s,
of Scranton, Pa., 4is,
Town of Gardner, Mass., 4s, .
County of Aroostook, Me., 4£s,
United States 4s,

Par Value.

Estimated
Market Value.

$10,000
11,000
16,000
48.000
10.000
1,100

$10,000 00
11,110 00
17,080 00
48,000 00
10,500 00
1,177*00

$10,000
11,000
16,000
48.000
10.000
1,100

$96,100

$97,867 00

$96,100 00

Amount Invested.

00
00
00
00
00*
00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

20
18
3
34
125
10
15
50
5
25
15
20
10
100
50
11
16
50
5
25

Par Value.

First N’l Bank, Ashburnham, .
Miller’s River N’l B’k, Athol,.
First National Bank, Barre, .
Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Mechanics’ N’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Metropolitan N’l Bank,Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
New England N’l B’k, Boston,
Shoe & Leather N’l B’k, Boston,


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

Estimated
Market Value.

Amount Invested.

$2,000
1,800
300
3,400
12,500
1,000
1,500
5,000
500
2,500
1,500
2,000
1,000

$2,000
3,150
315
2,924
11,000
1,150
1,500
6,000
395
2,125
1,830
2,900
900

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

$2,000
1,800
300
3,400
12,500
1,000
1,500
5,000
500
2,500
1,500
2,000
1,000

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

10,000
5,000
1,100
1,600
5,000
500
2,500

13,500
6,900
770
1,952
5,250
745
2,150

00
00
00
00
00
00
00

10,000
5,000
1,100
1,600
5,000
500
2,500

00
00
00
00
00
00
00

No. 8.]

219

SAYINGS BANK COMMISSIONERS

Gardner Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

50
30
29
108
9
100
67
39
20
50

Par Value.

State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Rollstone N’l Bank, Fitchburg,
First National Bank, Gardner,
Leominster N’l B’k, Leominster,
Orange Nat’l Bank, Orange, .
Crocker Nat’l Bank, Turner’s
Falls.......................................
First N’l Bank, Winchendon, .
Citizens’ N’l Bank, Worcester,
Mechanics’ N’l B’k, Worcester,

Estimated
Market Value.

Amount Invested.

$5,000
3,000
2,900
10,800
900
10,000

$5,300
3,900
4,060
12,420
990
16,000

00
00
00
00
00
00

$5,000
3,000
2,900
10,800
900
10,000

00
00
00
00
00
00

6,700
3,900
2,000
5,000

8,174
6,045
2,600
4,250

00
00
00
00

6,700
3,900
2,000
5,000

00
00
00
00

$110,900

$131,195 00 $110,900 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Lowell R.R 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4is,
Boston, Revere Beach & Lynn R.R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4^s, .
.
.
.
Fitchburg R.R. 6s, .
.
.
.
Maine Central R.R. 7s, .
Maine Shore Line R.R. 6s,
New Haven & Northampton R.R. 7s,
Old Colony R R. 4s,
. . .
Old Colony R.R. 4is,
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5 s,.

$5,000
10,000
30,000
5,000
18,000
25,000
5,000
5,000
25,000
1,000
10,000
5,000
15,000
1,000
$160,000

Estimated
Market Value.

$5,025
10,200
34,200
5,000
17,820
24,875
5,050
6,700
31,750
1,070
10,300
5,200
15,000
1,060

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

$173,250 00

Amount Invested.

$5,000
10,<)00
30,000
5,000
18,000
25,000
5,000
5,000
25,000
1,000
10,000
5,000
15,000
1,000

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

$160,000 00

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

$25,399 11
2,000 00

Eate.

2 per cent.
3


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

Amount.

$84,800 00
1,005,631 19

Eate.

4 per cent.
5
“

Amount.

$41,300 00
28,250 00

Eate.

5^ per cent.
6
“

220

KEPOKT OF THE

[Pub. Doc.

Gardner 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,. 799
Aggregate amount of the s a m e , ............................................. ........
Total number of loans upon real e s t a t e , .............................................748
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31,1896......................................................................................
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., $26,849 11 ;
during the year ending Oct. 31, 1896, .
.
1 2 per cent., 27,589 26 )
Number of accounts opened during the year ending Oct. 31, 1896,
. 556
Number of accounts closed during the year ending Oct. 31, 1896,
. 430
Total number of open accounts Oct. 31, 1896,
.
.
.
.
4,372
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
........................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896.....................................................................................................
Number of s a m e ,.................................................................................
2 804
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896...........................................................................................................
Number of s a m e , ........................................................................
2 352
Date of examination by commissioner; June 26.


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

$1,671 60

1,000 00
601,900 40

76,528 58
54,438 37

5,178 33
213,243 98

232,887 07

No. 8.]

221

SAVINGS BANK COMMISSIONERS.

G E O R G E T O W N SAVIN"GS B A N K — GEORGETOW N".

Incorporated May 26, 1868.
S h e k m a n N e l s o n , President.
G e o r g e S. W

Present number of corporators, 60.
E d w a r d S. F i c k e t t , Treasurer.

esto n ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H ir a m N . H a r r im a n ,

O l i v e r S. B u t l e r ,

Sh e r m a n N elson.

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

B

a la n ce

Sh

eet

Octo ber

A ssets.

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

m

. ; 2 to 3 p .m . ;

31, 1896.

L ia b il it ie s .

$99,881
14,800
14,000
28,500
21,973
416,941
80,347

69
00
00
00
67
02
43

7,500
22,056
2,000
5,168

00
66
00
69

$713,169 16

Deposits, .
Guaranty fund,
Interest account,

$687,192 01
24,000 00
1,977 15

$713,169 16

Cash on Deposit in Banks, amount in each: —
Georgetown National Bank, Georgetown,
Second National Bank, Haverhill,
.
Beacon Trust Company, Boston,.
.


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

.
.

f 14,056 66
5.000 00
5.000 00

[Pub. Doc

REPORT OF THE

222

Georgetown Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
25 shares Somerville National Bank, Somerville,
16 shares Second National Bank, Haverhill,
.
.
.
.
15 shares Haverhill Safe Deposit and Trust Company, Haverhill,
50 shares Haverhill Safe Deposit and Trust Company, Haverhill,
50 shares Essex National Bank, Haverhill,
*

$5,000 00
4.000 00
5.000 00*

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 Altoona, Pa , 4s, .
of Bath, Me., 6s,
of Bay City, Mich., 8s,
of Belfast, Me., 6s, .
of Boston, Mass., 4s,
of Chicopee, Mass , 4s, .
of Cleveland, Ohio, 4s, .
of Fort Wayne, Inch, 6s, .
of Grand Rapids, Mich., 4s,
of Kansas Citv, M o, 4^s,
of Marlborough, Mass , 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis , 5s, .
of Minneapolis, Minn , 4£s,
of Quincy, Mass ,4s,
Town of Methuen, Mass., 4s, .

Estimated
Market Value.

$6,000
2,000
1,000
4,000
5,000
1,000
1,000
1,000
5,000
25,000
1,000
11,000
16,000
5,000
1,000
10,000

$6,300
2,240
1,240
4,200
5,450
1,060
1,050
1,150
5,300
28,000
1,050
11,500
17,500
5,800
1,050
10,800

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

$95,000 $103,690 00
*

Amount Invested.

$6,000
2,000
1,000
4,000
5,000
1,000
1,000
1,000
5,219
28,006
1,000
11,000
17,462
5,193
1,000
10,000

00
00*
00
00*
00
00
00
00
44
00
00
00
50
75
00
00

$99,881 69

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

13
30
10
30
45
20

Par Value.

Columbian N’l Bank, Boston,.
Manufacturers’ N’l B'k, Boston.
Market National Bank, Boston,
State National Bank, Boston, .
Georgetown National Bank,
Georgetown,
Ipswich Nat'l Bank, Ipsw ich,.


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

*

$1,300
3,000
1,000
3,000

Estimated
Market Value.

$1,400
3,000
1,000
3,000

00
00
00
00

Amount Invested.

$1,300
3,000
1,000
3,000

00
00
00
00

4,500
2,000

4,950 00
2,000 00

4,500 00
2,000 00

$14,800

$15,350 00

$14,800 00

No. 8.]

223

SAYINGS BANK COMMISSIONERS.

Georgetown Savings Bank — Concluded.
Detailed Statement o f Bailroad Bonds.
Par Value.

Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Maine Central R.R. 7s, .
N. Y. & N. E. R.R. (terminal) 4s, .
Upper Coos R.R. 4s,
Upper Coos R R. 4|s,

$4,000
9.000
4,500
5 /0 0
3.000
3.000
$28,500

Estimated
Market Value.

$4,200
9,360
5,800
5,400
3,200
3,350

00
00
00
00
00
00

$31,310 00

Amount Invested.

$4,000
9.000
4,500
5.000
3.000
3.000

00
00
00
00
00
00

$28,500 00

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$12,056 66
59,500 00

Rate.

3 per cent.
H
“

Amount.
$39,500 00
40,000 00

Rate.

Amount.

5 per cent.
5£
“

$376,313 45
13,475 00

Rate.

6 per cent.
7

$21,973 67
Value, by books, of real estate held or owned by foreclosure or otherwise,
28,000 00
Assessed value of the s a m e ,.................................................................................
850 00
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, . 342
317,941 02
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 361
Gross amount of interest or profits received or earned, as per books, during
32,701 91
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend dur- r 2 per cent , $13,019 19 i
26,316 60
ing year ending Oct. 31, 1896,
.
.
.
. j 2 per cent., 13,297 41 j
Number of accounts opened during the year ending Oct. 31, 1896,
. 171
Number of accounts closed during the year ending Oct. 31, 1896,
. 77
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,671
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
1,938 49
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
56,5/ 0 1 8
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ......................................................................................... 720
Amount of withdrawals, including dividends, during the year ending Oct.
71,733 96
31, 1896.....................................................................................................................
Number of s a m e , ..........................................................................................970
Date of examination by commissioner: April 2.


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

224

REPORT OF THE

[Pub. Doc.

G R AF TO N SA V IN G S B A N K — G R AF TO N .

Incorporated March 13, 1869.
H o r a c e S. W

Present number of corporators, 62.

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.

arren,

President.

Names of committee charged with the investment of its funds:
D a n ie l N. G i b b s ,
G eorge W . F is h e r ,
H o r a c e S. W a r r e n ,
Clarence R . P ra tt,
So lon F . Sm it h .

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

B a la n ce Sh e e t O ctober

A

1.30 to 4

p m.

;

31, 1896.

ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

m .;

L ia b il it ie s .

$500
33,607
3,400
109,620
72,647

00
24
00
38
83

Deposits, .
Guaranty fund,
Interest account,
Suspense account,

.

$220,897
10,600
4,815
539

18

00
23
71

11,000 00
5,793 56
211 03
72 08
$236,852 12

$236,852 12

Cash on Deposit in Bank: —»
$ 5,793 56

Grafton National Bank, Grafton.......................................................... .........
Loan on Bank Stock: —
38 shares Grafton National Bank, Grafton, .

.

.

.

.

.

.

$3,400 00*

* The bank has been notified that this loan, in excess of the legal limit, must be corrected.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COiMMISSIONERS

225

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

Par Value.

Town of Grafton 4s,

.

.

.

$500

Estimated
Market Value.

$500 00

Amount Invested,

$500 00

No. of
Shares.

Detailed Platement o f Bank Stocks.

10
5
15
5
38
5
28
30
3
30
8
10
10
20
76
10

Par Value.

Eliot National Bank, Boston, .
Fourth Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Revere Bank, Boston, .
Nat’l Webster Bank, Boston, .
North Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston, .
State National Bank, Boston, .
Grafton Nat’l Bank, Grafton, .
Spencer Nat’l Bank, Spencer,.

$1,000
500
1,500
500
3,800
500
2,800
3,000
300
3,000
800
1,000
1,000
2,000
7,600
1,000
$30,300

Estimated
Market Value.

$1,220
600
1,335
500
2,973
410
2,688
3,502
237
2,400
790
1,007
1,125
2,120
7,600
1,250

00
00
00
00
50
00
00
50
00.
00
00
50
00
00
00
00

$29,758 50

Amount Invested.

$1,230
500
1,744
550
3,800
677
3,200
4,187
300
3,000
976
1,206
1,222
2,040
7,972
1,000

00
00
50
00
00
12
25
75
00
00
12
25
75
00
50
00

$33,607 24

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

Amount.

$3,000 00
10,000 00
25,600 00

Rate.

4

\\
4è

per cent.
“
“

Amount.

$82,297 83
6,950 00

Rate.

5 per cent.
5h
“

Amount.

$63,820 38
5,000 00

Rate.

6 per cent.
n
“

Number of loans which are of an amount not exceeding $3,000 each, . 76
Aggregate amount of the s a m e , ........................................................................ $80,070 38
Total number of loans upon real estate....................................................... 81
Gross amount of interest or profits received or earned, as per hooks, during
11,142 03
year ending Oct. 31, 1 8 9 6 ,............................................................... ........
Times for the dividends fixed by the by-laws : January 1 and July 1.


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Federal Reserve Bank of St. Louis

226

REPORT OF THE

[Pub. Doc.

G ra fto n Savin gs B a n k — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $4,380 19 7
during the year ending Oct. 31, 1896, .
.
12 per cent., 4,251 45 3
Number of accounts opened during the year ending Oct. 31, 1896,
. 54
Number of accounts closed during the year ending Oct. 31, 1896,
. 87
Total number of open accounts Oct. 31, 1896,
.
.
.
.
.
643
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896.......................................................................... ........
Number of s a m e , ....................................
250
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
Number of s a m e , .........................................................................
356
Date of examination by commissioner : April 16.


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

<

$8,631 64

965 36
17,503 58

37,856 97

No. 8.]

SAYINGS BANK COMMISSIONERS.

227

G R A N IT E SA V IN G S B A N K -R O C K P O R T .

Incorporated March 21, 1884.
G r a f t o n B u t m a n , President.
Jo h n L . W

Present number of corporators, 54.
N a t h a n ie l R ic h a r d s o n , Jr., Treasurer,

oodfall,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G rafton B u tm an ,
H ir a m J. P h il b r o o k ,
G eorge G r if f in ,
G e o r g e A. L o w e ,
H e n r y H . T h u r st o n .

Open for business every business day, 9 a . m . to 12 m . ; Wednesdays and Saturdays,
2 to 3 p . m . ; Saturday evenings, 6 to 8 f .m .

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

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Safe and furniture,
Cash on hand,
.
.
.
.

31, 1896.

L ia b il it ie s .

$

20,220 00

6,400
12,051
97,270
16,799
894
1,396
400
194

00
00
00
50
94
01
00
75

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

$155,626 20

$152,402 83
2,925 00
298 37

$155,626 20

Cash on Deposit in Banks, amount in each: —
Gloucester Safe Deposit and Trust Co., G lou cester,....................................
Rockport National Bank, R o c k p o r t,...............................................................


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

$894 94
1,396 01

[Pub. Doc

REPORT OF THE

228

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

Tar Value.

City of Bridgeport, Conn., 4s,
of Kansas City, Mo., 4^s,
of Milwaukee, Wis., 5s, .
of Pawtucket, R. I., 4s, .
of Peoria, 111., 7s,
of Rockford, 111., 4és,
of Scranton, Pa., 4s,
of Sioux City, Iowa, 4J-s,.
of Springfield, Ohio, 6s, .
of Waltham, Mass., 4s,, .
of Waterbury, Conn., 4 s,.
Town of Clinton, Mass., 4s, .
of Orange, Mass., 4s,
County of Aroostook. Me., 4^s,
County of Merrimack, N. H., 4s,

Estimated
Market Value.

$1,030
1,070
1,100
2,020
1,060
3,607
1,000
1,015
375
1,000
1,030
1,000
2,060
2,100
1,000

$1,000
1,000
1,000
2,000
1,000
3,500
1,000
1,000
375
1,000
1,000
1,000
2,000
2,000
1,000
$19,875

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

$20,467 00

Amount Invested.

$1,000
1,105
1,100
2,000
1,040
3,575
1,000
1,000
375
1,000
1,000
1,000
2,000
2,025
1,000

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

$20,220 00

* Legal investments when made.

Par Value.

Estimated
Market Value.

$1,200
800

$1,680 00
1,080 00

$1,600 00
1,000 00

1,000
2,400

1,200 00
2,880 00

1,000 00
2,800 00

$5,400

$6,840 00

$6,400 00

Amount Invested.

I

( No. o f
Shares.

Detailed Statement o f Bank Stocks.

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 B’k, Rockport, .

Detailed Statement o f Railroad Bonds.
Par Value,

Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s..............................
Maine Central R.R. 6s, .
Maine Central R.R. 7s, .


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

$3,000
2,000
3,000
1,500
2,000
$11,500

Estimated
Market Value.

$3,420
1,980
3,050
1,613
2,390

00
00
00
00
00

$12,453 00

Amount Invested.

$3,185
2,000
3,000
1,543
2,323

00 j
00 ]
00
00
00

$12,051 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

229

Granite Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rale o f Interest.

Amount.

$894 94
10,300 00

ltate.

3 per cent.

Amount.

$5,000 00

Kate.

per cent.

Amount.

$98,769 50

Kate.

6 per cent.

5

Number of loans which are of an amount not exceeding $3,000 each,
144
Aggregate amount of the s a m e , ............................................................... .
$98,069 50
Total number, of loans upon real e s t a t e , .............................................136
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
7,949 59
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend ( 2 per cent., $2,779 10 1
5,634 73
during the year ending Oct. 31, 1896, .
.
1 2 per cent.,
2,865 63 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 120
Number of accounts closed during the year ending Oct. 31, 1896,
, 81
Total number of open accounts Oct. 31, 1 8 9 6 , .................................... 873
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes).....................................................................................................
656 51
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896, ...................................................................................................
34,576 41
Number of s a m e , ..........................................................................................754
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
30,647 22
Number of s a m e , ............................................................... ........
572
Date of examination by commissioner: June 4.


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

230

REPORT OF THE

[Pub. Doc,

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.
G e o r g e C h u r c h , President.
J o h n C. W

Present number of corporators, 37.
C h a r l e s J. T a y l o r , Treasurer.

heeler,

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 orton,
W m . C. H in m a n .

Open for business every business day, 9

a .m .

B a l a n c e Sh e e t O c t o b e r

to 12

; 1 to 3

p .m .

31, 1896.

A ssets.

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking pur­
poses) ...........................................
Real estate by foreclosure, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand,
.
.
.
.

m.

L ia b il it ie s .

$30,000
1,000
46,531
3,129
65.000

00
00
92
00
00

13.000
106
370,131
60,750

00
20
47
00

1,300
41,527
10,336
805

00
86
64
98

Deposits, .
Guaranty fund,
Interest account,

$643,619 07

$601,678 70
21,150 00
20,790 37

$643,619 07

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
.
National Mahaiwe Bank, Great Barrington,
Pynchon National Bank, Springfield,....................................
Springfield Safe Deposit and Trust Company, Springfield,.


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

$10,688
10,336
10,000
20,839

70
64
00
16

No. 8.]

231

SAYINGS BANK COMMISSIONERS.

G reat B a rrin g ton Savings B ank — Continued.
Loan on Public Funds : —
$1,000 United States 4

s , .................................................................................$1,000 00

Loans on Bank Stock, amount on each: —
6
15
16
5
5

shares National Mahaiwe Bank,
shares National Mahaiwe Bank,
shares National Mahaiwe Bank,
shares National Mahaiwe Bank,
shares National Mahaiwe Bank,

$500
400
1,400
400
429

Great Barrington,
Great Barrington,
Great Barrington,
Great Barrington,
Great Barrington,

00
00
00
00
00

Detailed ¡Statement o f Public Funds.
Par Value.

City of Bridgeport, Conn., 3ès,
of Chicago, 111., 4s, .

Estimated
Market Value.

Amount Invested.

$10,000
20,000

$9,750 00
20,200 00

$10,000 00
20,000 00

130,000

$29,950 00

$30,000 00

Detailed Statement o f Bank Stocks.
O a>
6 «5
^ 55
First National Bank, Adams, .
Atlantic Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
National 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, L e e ,.
1 Pittsfield Nat’l Bank, Pittsfield,
3 Housatonic National Bank,
Stockbri dge, .
.
.
.

10
10
10
19
25
42
59
14
54
66
8
41


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

Par Value.

Estimated
Market Value.

Amount Invested.

$1,300
1,090
1,270
1,957
3,625
4,074
6,785
1,820
8,046
5,676
856

$1,280
1,345
1,300
2,227
3,392
4,200
7,080
1,890
7,290
6,600
800

$1,000
1,000
1,000
1,900
2,500
4,200
5,900
1,400
5,400
6,600
800

00
00
00
00
00
00
00
00
00
00
00

00
00
00
75
50
00
00
00
00
00
00

4,100
2,400
100

5,330 00
3,600 00
130 00

5,125 00
3,416 67
135 00

300

450 00

450 00

$46,009 00

$46,531 92

$38,600
1

REPORT OF THE

232

[Pub. Doc.

Great Barrington Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s ,.
Old Colony R.R. 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$80,000
20,000
15,000

$30,675 00
20,450 00
15,450 00

$30,000 00
20,000 00
15,000 00

$65,000

$66,575 00

$65,000 00

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

$ 10,688 70
30,839 16

Rate.

2 per cent.
4

Amount.

Rate.

•$346,657 22

5 per cent.

Amount.

$89,653 25

Rate.

6 per cent.

Amount invested in real estate for banking purposes....................................... $13,000 00
Estimated value of the same...................................................................................
13,000
Assessed value of the s a m e ,............................................................... ........
7,000
Value, by books, of other real estate held or owned by foreclosure or other­
wise,
.....................................................................................................................
106
Assessed value of the s a m e ,.................................................................................
100
Number of loans which are of an amount not exceeding $3,000 each, 298
Aggregate amount of the s a m e , ........................................................................
255,510
Total number of loans upon real estate.......................................................251
Amount of investments from which no income is received, .
.
.
.
106
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
28,507
Times for the dividends fixed by the by-laws, first Thursday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $10,516 43 1 2i 432
during the year ending Oct. 31, 1896, .
.
1 2 per cent., 10,915 64 3
’
Number of accounts opened during the year ending Oct. 31, 1896,
. 401
Number of accounts closed during the year ending Oct. 31, 1896,
. 298
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,358
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
2,293
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31,1896.....................................................................................................
140,278
Number of same, .......................................................................................... 2,005
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.................................... ................................................................................
114,355
Number of s a m e , .......................................................................................... 1,561
Date of examination by commissioner; September 29.


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

00
00

20
00
47
20
49

07

38
02

20

No. 8.]

233

SAYINGS BANK COMMISSIONERS.

G R E E N F IE L D S A V IN G S B A N K — G R E E N F IE L D .
Incorporated March 19, 1869.
R obert A

Present number of corporators, 30.

A l b e r t M. G l e a s o n , Treasurer.
C h e s t e r C. C o n a n t , Clerk o f the Corporation.

b e r c r o m b ie ,

President.

Names of committee charged with the investment of its funds :
W il l ia m A . F o rbe s,
C h a s . R. L o w e l l ,
S. B. S l a t e .

A . M . G leaso n ,
L e v i J. G u n n ,

Open for business every business day, 9

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

A

to 3 p . m .

31, 1896.
L ia b il it ie s .

ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Interest due,
.
.
.
.
Furniture and fixtures,
Cash on hand,
.
.
.
.

a .m .

$41,000
134,600
22,650
236,000
4,515
1,424,379
233,801

00
00
00
00
23
92
00

12,485
45,221
1,727
2,344
330
1,000
1,459

90
29
03
46
09
00
71

Deposits, .
Guaranty fund,
Interest account,

$2,161,514 63

$2,084,074 51
75,000 00
2,440 12

$2,161,514 63

Cash on Deposit in Banks, amount in each: —
Miller’s River National Bank, Athol...................................................................
National Bank of Commerce, Boston,...............................................................
People’s National Bank, Brattleboro, Y t . , ......................................................
Conway National Bank, Conway.........................................................................
First National Bank, Greenfield...........................................................................
Franklin County National Bank, G r e e n f ie ld ,.............................................
Packard National Bank, G reen field,...............................................................
First National Bank, N o rth a m p to n ,...............................................................
City National Bank, Springfield,........................................................................
Third National Bank, S p r i n g f i e l d ,...............................................................


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

$689
1,727
350
181
4,990
5,815
24,700
3,000
5,000
493

40
03
27
17
37
76
48
00
00
84

234

[Pub. Doc

REPORT OF THE

G re e n fie ld Savin gs B a n k — Continued.
Loans on Bank Stock, amount on each: —
1 share Franklin County National Bank, Greenfield,
.
.
.
.
40 shares Ware National Bank, W a r e , ......................................................
5 shares First National Bank, Northampton,.........................................
70 shares Park National Bank, H o ly o k e ,......................................................
100 shares Home National Bank, H o l y o k e , .............................................
10 shares Packard National Bank, Greenfield,.............................................
9 shares Packard National Bank, Greenfield,.........................................
5 shares Park National Bank, H o ly o k e,......................................................
15 shares Agawam National Bank, Springfield,.............................................
8 shares Conway National Bank, Conway.....................................................

$90 00*
2,360 00
300 00
7,000 00
9,300 00*
300 00
800 00
500 00
1,200 00
800 00*

* The bank has been notified that these loans, in excess of the legal limit, must be corrected.

Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$16,000
25,000

$16,640 00
29,500 00

$16,000 00
25,000 00

$41,000

$46,140 00

$41,000 00

Par Value.

City of Milwaukee, Wis., 7s, .
United States 4s,

Detailed Statement o f Bank Stocks.
<O
*-. 0
9
, or<
^ ari
37
42
15
18
38
50
52
6
13
48
10
20
3
12
41
34
50
14
138
60
60

Athol National Bank, Athol, .
Eliot National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Market Natl Bank, Boston, .
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k, Boston,.
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Second National Bank, Boston,
South End Nat’l Bank, Boston,
Washington N’l Bank, Boston,
First National Bank, Chicopee,
Conway Nat’l Bank, Conway, .
First Natl Bank, Greenfield, .
City National Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Adams N’l B’k, North Adams,
Berkshire Nat’l Bank, North
Adams,
.
.
.
.
12 First N’l Bank, Northampton,


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

Estimated
Market Value.

$3,700
4,200
1500
1,800
3,800
5,000
5,200
600
1,300
4,800
1,000
2,000
300
1,200
4,100
3,400
5,000
1,400
13,800
6,000
6,000
1,200

.\iiiuliiiL 111 Vested.

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

$3,700 00
4,200 00
1,500 00
1,800 00
3,800 00
5,000 00
5,200 00
600 00
1,300 00
4,800 00
1,000 00
2,000 00
300 00
1,200 00
4,100 00
3,400 00
5,000 00
1,400 00
13,800 00
6,000 00

6,900 00
1,500 00

6,000 00
1,200 00

$3,885
5,124
1,350
1,586
5,510
4,500
6,084
468
1,378
3,840
1,800
1,400
309
1,800
4,510
6,460
6,000
2,240
23,460
7,500

No. 8.]

SAYINGS BANK COMMISSIONERS.

235

Greenfield Savings Bank — Continued.

No. o f
Shares.

Detailed Statement of Bank Stocks— Concluded.

15
55
67
75
3
45
70
36
110
10
50
37

Par Value.

Hampshire County Nat’l Bank,
Northampton,
Orange Nat’l Bank, Orange, .
Palmer Nat’l Bank, Palmer, .
Chapin N’l Bank, Springfield,
Chicopee N’l Bank, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield, .
Second N’l Bank, Springfield,.
Third Nat’l Bank, Springfield,
Crocker N’l B’k,Turner’s Falls,
First Nat’l Bank, Westfield, .
Winchester Nat’l Bank, Win­
chester, N. H.,

Estimated
Market Value.

$1,500
5,500
6,700
7,500
300
4,500
7,000
3,600
11,000
1,000
5,000

$1,875
9,350
10,050
10,125
480
6,750
8,400
4,860
23,100
1,250
6,750

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$1,500
5,500
6,700
7,500
300
4,500
7,000
3,600
11,000
1,000
5,000

00
00
00
00
00
00
00
00
00
00
00

3,700

3,885 00

3,700 00

$134,600

$184,479 00

$134,600 00

Detailed Statement of Bailroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4¿ s ,.
Fitchburg R.R. 5s, .
Fitchburg R R. 6s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s,
. . .
Upper Coos R.R. 4£s,

$25,000
25,000
15,000
25,000
16,000
19,000
1,000
10,000
50,000
50,000
$236,000

*

Estimated
Market Value.

$25,375
25,750
15,300
25,000
16,960
19,910
1,010
10,500
51,500
52,500

00
00
00
00
00
00
00
0000
00

$243,805 00

Amount Invested.

$25,000
25,000
15,000
25,000
16,000
19,000
1,000
10,000
50,000
50,000

00
00
00
00
00
00
00
00*
00
00

$236,000 00

A legal investment when made.

Total Amount of Loans, withEach SpecifiedRate of Interest.
Amount.

$4,990 37
32,230 92

Kate.

Amount.

Rate.

Amount.

2¿ per cent.
3

$13,885 90
1,467,014 92

4 per cent.

. $4,025 00
216,391 00


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

5

“

Rate.

5¿ per cent.
6

236

REPORT OF THE

[Pub. Doc.

Greenfield Savings Bank — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 686
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................893
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
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., $39,697 85 j
during the year ending Oct. 31, 1896,
.
. 1 2 per cent.,
40,854 03 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 880
Number of accounts closed during the year ending Oct. 31, 1896,
. 678
Total number of open accounts Oct. 31, 1896,
.
.
.
.
4,858
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),..................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of same...................................................................................... 3,582
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e ,................................................................................. 3,785
Date of examination by commissioner; September 10.


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

$4,515 23
4,050 00
119 92
713,344 92

104,308 67
gQ ^
’

gg

6,668 71
379,314 00

406,990 84

No. 8.]

237

SAYINGS BANK COMMISSIONERS

H A M P D E N S A 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, 38.

P. S. B a i l e y , Treasurer.
P. S. B a i l e y , Clerk o f the Corporation.

J o h n M u l l ig a n , President.

Names of committee charged with the investment of its funds :
E. D u d l e y C h a p i n ,

W . H. W e i g h t ,
F. E. C a e p e n t e e .

J o h n M u l l ig a n ,

Open for business every business day, 9

B

a la n ce

Sh

eet

a .m .

O c to b er 31, 1896.

L ia b il it ie s .

A sse ts.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
.
.
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loans on railroad stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

to 4 p . m .

§>35,000
311,310
20,675
480,000
30.000
27,350
19,224
1,319,270
664,200

00
00
00
00
00
00
23
00
00

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

$2,822,479 57
112,000 00
13,771 84
27,106 32

2,000 00

1,000 00
25.000
28,823
2,726
12,778

00
45
12
93

$2,977,357 73

$2,977,357 73

Cash on Deposit in Banks, amount in each : —
$34,496 27

Agawam National Bank, Springfield,....................................
Chapin National Bank, S p rin gfield ,....................................
John Hancock National Bank, Springfield,

668 02
18,659 16

/

Loans on Bank Stock, amount on each : —
25 shares Chapin National Bank, Springfield,
30 shares City National Bank, Springfield, .
.
.
.
5 shares Ware National Bank, Ware,
.
.
.
.
20 shares Agawam National Bank, Springfield, .
30 shares Hampshire County National Bank, Northampton,
24 shares Agawam National Bank, Springfield, .
10 shares Chapin National Bank, Springfield,


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

I

$5,300 00
225 00
1,800 00
3.000 00

2.000 00
1,000 00

238

REPORT OF THE

[Pub. Doc

Hampden Savings Bank — Continued.
$ 1,000 00

10 shares First National Bank, Springfield,
24 shares First National Bank, Springfield,
6 shares Second National Bank, Springfield,
3 shares Agawam National Bank, Springfield, .
5 shares First National Bank, Chicopee, .
3 shares Chapin National Bank, Springfield,
3 shares Adams National Bank, North Adams,
1 share New York, New Haven & Hartford R .R .,
5 shares Springfield National Bank, Springfield,
4 shares Agawam National Bank, Springfield, .
5 shares Park National Bank, Holyoke, .
13 shares National Exchange Bank, Boston,

2,000 00

500
250
500
300

00
00
00
00

400 00
00
300
500
1,100

00
00
00
00

Loan on Railroad Bonds : —
$25,000 Boston & Albany R .R . bonds,
$5,000 Connecticut River R .R. bonds,

$30,000 00

Loans on Railroad Stock, amount on each : —
$2,350 00
1,400 00
400 00

19 shares Boston & Albany R .R .,
10 shares Boston & Albany R .R .,
.
3 shares New York, New Haven & Hartford R.R .,
30 shares Boston & Albany R.R .,
.
118 shares New York, New Haven & Hartford R .R .,
6 shares New York, New Haven & Hartford R .R .,
10 shares New York, New Haven & Hartford R .R .,
4 shares Boston & Albany R.R .,
.
9 shares New York, New Haven & Hartford R.R.,
33 shares New York, New Haven & Hartford R.R .,

200 00
15,000 00
600 00
1,000 00

500 00
900 00
5,000 00

Detailed Statement o f Public Funds.

United States 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$35,000

$40,775 00

$35,000 00

Detailed Statement o f Bank Stocks.
O <3
* o3
^ Tfi
50
50
28
50
230
75
50

Par Value.

Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,


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

$5,000
5,000
2,800
5,000
23,000
7,500
5,000

Estimated
Market Value.

$5,025
6,100
6,552
4,350
33,350
8,437
4,850

00
00
00
00
00
50
00

Amount Invested.

$5,300
6,100
2,800
5,900
27,210
10,865
5,700

00
00
00
00
00
00
00

No. 8.]

SAVINGS BANK COMMISSIONERS

239

Hampden Savings B an k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

50
50
75
75
26
63
50
24
60
33
40
200
20
18
66
40
85
25
423
250
50
50
50
65
74
75

Par Value.

N ’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
First National Bank, Chicopee,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Monson Nat’l Bank, Monson, .
First N’l Bank, Northampton,
Hampshire County Nat’l Bank,
Northampton,
First N’l B’k, Norwich, Conn.,
Thames Nat’l Bank, Norwich,
C o n n .,..................................
Uncas N’l B’k, Norwich, Conn.,
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield, .
John Hancock National Bank,
Springfield, .
.
.
.
Pynchon N’l B'k, Springfield,
Third Nat’l Bank, Springfield,
Ware National Bank, Ware, .

Estimated
Market Value.

Amount Invested.

$5,000
5,000
7,500
7,500
2,600
6,300
5,000
2,400
6,000

$5,837
6,925
7,950
6,000
2,578
6,819
5,300
2,568
9,600

50
00
00
00
00
75
00
00
00

$6,700
6,300
7,500
7,500
2,892
7,600
5,900
3,200
7,920

00
00
00
00
00
00
00
00
00

3,300
4,000
20,000
2,000
1,800

3,300
6,000
34,000
3,000
2,520

00
00
00
00
00

4,550
4,732
23,056
2,200
1,800

00
00
00
00
00

6,600
4,000

8,250 00
4,800 00

7,225 00
5,180 00

8,500
2,500
42,300
25,000
5,000
5,000

13,600
2,750
42,300
37,500
8,600
7,000

00
00
00
00
00
00

12,285
2,900
46,700
27,500
8,600
6,525

00
00
00
00
00
00

5,000
6,500
7,400
7,500

6,075
11,375
16,650
9,000

00
00
00
00

6,075
10,985
11,560
10,050

00
00
00
00

$257,000 $338,962 75 $311,310 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, .
Connecticut River R.R. 4s,
Holyoke & Westfield R.R. 4 s,.
N. Y. & N. E. R.R (terminal) 4s, .


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

$50,000
30.000
50.000
50.000
200,000
50.000
50.000
$480,000

Estimated
Market Value.

$53,000
33,000
52.500
52.500
212,000
52.500
52.500

00
00
00
00
00
00
00

$508,000 00

Amount Invested.

$50,000
30.000
50.000
50.000
200,000
50.000
50.000

00
00
00
00
00
00
00

$480,000 00

240

REPORT OF THE

[Pub. Doc.

Hampden Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rale of Interest.
Amount.

Rate.

Amount.

Rate.

Amount.

$125,000 00

4 per cent.

$200,000 00

4^ per cent.

$1,762,495 00

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the sam e,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 348
Aggregate amount of the s a m e ,........................................................................
Total number of loans upon real estate,
.
.
.
.
. 392
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 6 , ........................................................................
Times for the dividends fixed by the by-laws : February 15 and August 15.
Rate and amount of each semi-annual dividend} 2 per cent., $54,876 01 1
during the year ending Oct. 31, 1896,
.
. 1 2 per cent., 54,965 90 1
Number of accounts opened during the year ending Oct. 31, 1896,
1,015
Number of accounts closed during the year ending Oct. 31, 1896,
. 948
Total number of open accounts Oct. 31, 1896,
.
.
.
.
5,557
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 6 , ..........................................................................................
Number of s a m e ,.................................................................................4,472
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e ,................................................................................. 4,575
Date of examination by commissioner: July 9.


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

Rate.

5 per cent.

$19,224 23
14,200 00
18 15
474,495 00
9,000 00
135,997 49
109,841 91

8,869 82
441,665 82

540,821 36

No. 8.]

SAYINGS BANK COMMISSIONERS.

241

H A M P SH IR E SA V IN G S B A N K — N O R TH AM PTO N .
Incorporated May 19, 1869.
W

il l ia m

H . D

ic k in s o n

L

,

Present number of corporators, 33.

President.

e w is

W

L

arn er

,

e w is

W

arner

,

Treasurer.

Clerk o f the Corporation.

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

m

. H. D

enry

ic k in s o n

A. K

,

im b a l l

L

James M . F
,

u c iu s

J. H . D
S. D

a y

,

emond

,

a v is .

Open for business every business day, 9

a .m

.

to 3

b .m

.

B alance Sheet October 31, 1896.

A sse ts.

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

L ia b il it ie s .

$10,000
205,410
27,650
20,000
300
916,655
131,605

00
42
00
00
00
41
00

19,000
62,540
3,800
4,039

00
56
75
73

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

$1,359,037 45
43,250 00
9,214 42
19,500 00

$1,431,001 87

$1,431,001 87

Cash on Deposit in Banks, amount in each: —
First National Bank, Easthampton............................................
Park National Bank, H o l y o k e , .............................................
Hampshire County National Bank, Northampton,
First National Bank, N o r th a m p to n ,....................................

$5,000
1,000
56,040
500

•

00
00
56
00

Loans on Bank Stock, amount on each: —
7 shares Hampshire County National Bank, Northampton, .
.
3 shares Northampton National Bank, Northampton,.
.
.
.
12 shares
First National Bank, N o rth am p ton ,............
59 shares First National Bank, E asth a m p to n ,.................................
5 shares First National Bank, Greenfield,.......................................


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

.

$700 00
300 00
1,200
00
5,900
00
500
00

242

[Pub. Doc

REPORT OF THE

Hampshire Savings Bank — Continued.
7
20
128
50

shares Franklin County National Bank, Greenfield,
.
.
.
.
shares Conway National Bank, C o n w a y , .............................................
shares Park National Bank, H o ly o k e ,......................................................
shares Ware National Bank, W a r e , ......................................................

$-550
2,000
12 500
4,000

00
00*
00
00

Loan on Railroad Stock: —
2

shares Boston & Albany R . R . , .................................................................... $300 00
* This loan, in excess of the legal limit, has since been reduced.

Detailed Statement o f Public Funds.

Par Value.

City of Northampton, Mass., 4s,

$10,000

Estimated
Market Value.

$10,400 00

Amount Invested.

$10,000 00

Detailed Statement o f Bank Stocks.
V- J»
° U

Estimated
Market Value.

Amount Invested.

$500
900
3,300
1,400
3,500
3,600
4,400
700
3,300
1,000
3,500
1,500
3,000
700
1,500

$750
1,134
4,125
1,400
3,850
4,860
3,872
728
3,300
1,000
3,150
1,275
4,650
728
1,680

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

$750
1,221
3,902
2,447
4,030
4,640
5,651
906
3,695
1,040
4,219
1,920
4,260
896
2,505

00
75
75
50
00
00
87
00
00
00
37
00
00
00
00

8,000
1,000
800
1,200
3,700
2,200
10,000
5,000
3,500
3,000
2,000

11,600
1,000
1,160
960
4,040
1,980
11,600
9,000
4,025
2,760
2,200

00
00
00
00
00
00
00
00
00
00
00

8,635
1,147
1,032
1,476
4,297
2,802
12,661
7,900
4,477
3,376
2,870

00
50
00
00
00
00
00
00
50
25
00

Par Value.

^ 55

5
9
33
14
35
36
44
7
33
10
35
15
30
7
15
80
10
8
12
37
22
100
50
35
30
20

Grey lock Nat’l Bank, Adams,.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l B’k, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Massachusetts N’ l B’k, Boston,
Merchants’ N ’l Bank, Boston,.
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,.
Nat’l Bank of the Commonwealth, Boston, .
N’l B’k of No America, Boston,
N’l B‘k of the Republic, Boston,
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
North National Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk Nat'l Bank, Boston, .


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

No. 8.]

SAYINGS BANK COMMISSIONERS

243

Hampshire Savings Bank — Continued.

Ko. of
Shares.

Detailed Statement o f Bank Slocks — Concluded.

100
31
34
100
20
10
10
10
52
385
63
41
5
50
12
6
28

Par Value.

Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
First National Bank, Chicopee,
First N’l B’k, Easthampton, .
City National Bank, Holyoke,
Home Nat’l Bank, Holyoke, .
Park National Bank, Holj-oke,
Berkshire N’l B’k, No. Adams,
First N’l Bank, Northampton,
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,
Agawam N’l B’k, Springfield,.
Chicopee N’l B’k, Springfield,
John Hancock National Bank,
Springfield, .
.
.
.
Ware National Bank, Ware, .
Union Nat’l Bank, Weymouth,
Mechanics’ N’l B’k, Worcester,

$10,000
3,100
3,400
10,000
2,000
1,000
1,000
1,000
5,200

Estimated
Market Value.

$9,500
2,945
4,930
15,000
2,200
1,100
1,500
1,100
6,968

00
00
00
00
00
00
00
00
00

Amount Invested.

$10,600
4,411
5,175
12,420
2,000
1,000
1,505
1,000
7,446

93
00
00
00
00
00
00
00
00

38,500

48,125 00

38,500 00

6,300
4,100
500

9,765 00
4,100 00
800 00

10,702 50
4,997 00
800 00

5,000
1,200
600
2,800

6,250
1,380
690
2,800

$168,900

00
00
00
00

5,898
1,624
822
3,749

00
00
50
00

$205,980 00 $205,410 42

Detailed Statement o f Railroad Bonds.

Boston & Lowell R.R. 4s,
Boston & Providence R.R. 4s, .
Fitchburg R.R. 5s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
6,000
4,000

$10,150 00
6,300 00
4,200 00

$10,000 00
6,000 00
4,000 00

$20,000

$20,650 00

$20,000 00

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

$56,040 56
74,100 00

Bate.

3 per cent.
4
“


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

Amount.

Rate.

Amount.

$114,995 79

44 per cent.

$942,614 62

Rate.

5 per cent.

244

REPORT OF THE

[Pub. Doc.

Hampshire Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each,. 471
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate.......................................................496
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
Times for the dividends fixed by the by-laws: May 15 and November 15.
Rate and amount of each semi-annual dividend t 2 per cent., $26,277 57
during the year ending Oct. 31,1896,.
.
. ( 2 per cent., 26,468 69
Number of accounts opened during the year ending Oct. 31, 1896, . 651
Number of accounts closed during the year ending Oct. 31, 1896,
. 467
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,842
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 6 ,..........................................................................................
Number of s a m e ,................................................................................. 2,568
Amount of withdrawals, including dividends, during the year ending Oct.
31,1896.....................................................................................................................
Number of s a m e ,................................................................................. 2,670
Date of examination by commissioner: May 7.


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

$512,614 28

62,130 10

52,746 26

3,800 75
227,156 57

281,997 92

No. 8.]

245

SAYINGS BANK COMMISSIONERS

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.

Present number of corporators, 44.

E lbridge G. W ood, President.
Raymond N oyes, Treasurer.
R aymond N oyes, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:

R. Stuart Chase,
D udley Porter,
E lbridge G. W ood.
Open for business every business day except Saturdays, 9 a .m . to 12.30 p. m. ; 2 to 3.30
p . m. ; Saturdays, 9 a .m. to 12 30 p.m . ; for deposits only, 5 to 6.30 p .m .

B a l a n c e Sh e e t O c t o b e r

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, .
Loans on railroad stock,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Real estate expense account,
Cash on hand.................................

31, 1896.

$758,326
30.000
487,250
59,345
708,000
7,700
4,050

94
00
00
00
00
00
00

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

$5,115,480 19
251,000 00
5,482 57
34,380 14
181 25
11,062 43

70.000 00
1,407,263 47
1,544,535 00
24,589
293,274
40
22
23,190

00
09
10
75
23

$5,417,586 58

$5,417,586 58

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, B o s t o n , ...................................................... $108,639 68
First National Bank, H averh ill,........................................................................
65,000 00
Haverhill National Bank, Haverhill...................................................................
44,634 41
Merrimack National Bank, H a v e r h i l l , ......................................................
75,000 00
Loans on Public Funds, amount on each
$20,000 City of Cambridge 4s,
$7,000 City of Boston 4s, .
$5,000 United States 4s,
,


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

J

$25,000 00
5,000 00

246

EEPOET OF THE

[Pub. Doc

Haverhill Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
25 shares Amesbury National Bank, Amesbury,
50 shares Faneuil Hall National Bank, Boston,
162 shares Cocheco National Bank, Dover, N. H.,
100 shares Essex National Bank, Haverhill....................................
10 shares Second National Bank, Haverhill,
.
.
.
.
50 shares Second National Bank, Haverhill,
.
.
.
.
10 shares Second National Bank, Haverhill,
.
.
.
.
27 shares Second National Bank, Haverhill,
.
.
.
.
30 shares Second National Bank, Haverhill,
.
.
.
.
26 shares First National Bank, Haverhill,....................................
22 shares Haverhill Safe Deposit and Trust Company, Haverhill,
5 shares Merchants’ National Bank, Haverhill,
.
.
.
15 shares Merrimack National Bank, Haverhill,
12 shares Haverhill National Bank, Haverhill, .
.
.
.
10 shares Merrimack National Bank, Haverhill,
7 shares Boston National Bank, B oston ,....................................
2 shares Tremont National Bank, Boston,
.
.
.
.
6 shares Second National Bank, Haverhill,
.
.
.
.
3 shares Merrimack National Bank, Haverhill,
25 shares Beacon Trust Company, Boston,
.
.
.
.
25 shares Somerville National Bank, Somerville,
50 shares Somerville National Bank, Somerville,
10 shares Beacon Trust Company, Boston,
.
.
.
.
10 shares Arlington National Bank, Lawrence, .
.
.
.
10 shares Merchants’ National Bank, Lawrence,

$2,300
5.000
10,000
10,000

00
00
00
00

1.000 00
5.000 00

1.000 00
2,700 00
2,000 00

2,500 00
2,000 00

500 00
700 00

1
Jj
1

2,825 00

\

5,000 00

J

!
}

5,000 00
1,820 00

Loans on Railroad Bonds, amount on each: —
$7,000 Boston & Maine R.R. 4 s , ........................................................................ $6,800 00
$1,000 Old Colony R .R . 6 s , .................................................................................
900 00
Loans on Railroad Stock, amount on each: —
16 shares Boston & Albany R . R . , ........................................................................ $2,400
14 shares Boston & Maine R . R .,........................................................................
1,250
4 shares Boston & Maine R .R .,....................................................................
300
1 share Boston & Maine R .R .............................................................................
100

00
00
00
00

Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of
of
of
of
of
of

Boston, Mass , 4s, .
Chicago, 111., 4s,
Cleveland, Ohio, 5s,
Danbury, Conn., 4s,
Dayton, Ohio, 4s,
Des Moines, Iowa, 4s,
Deti’oit, Mich., 4s, .
Fall River, Mass., 5s,
Fall River, Mass., 6s,


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

$150,000
100,000
25,000
25,000
25,000
25,000
89,026
40,000
4,000

Estimated
Market Value.

00 $156,875 00
00
100,000 00
00
27,250 00
00
25,250 00
00
24,625 00
00
24,625 00
94
90,776 94
00
42,500 00
00
4,210 00

* A legal investment when made.

Amount Invested.

$150,000
100,000
25,000
25,000
25,000
25,000
89,026
40,000
4,000

00
00
00
00
00*
00
94
00
00

No. 8.]

247

SAYINGS BANK COMMISSIONERS

Haverhill Savings Bank — Continued.
Detailed Statement o f Public Funds — Concluded.

Par Value.

City of Haverhill, Mass., 4s,
of Indianapolis, Ind., 4s,
of Lynn, Mass., 5s,
of Manchester, N. II., 4s,
of New Bedford, Mass., 4s, .
of New Britain, Conn., 4s , .
of Newton, Mass., 4s, .
of Pawtucket, R. I., 4s,
Town of Bradford, Mass., 4s,
of Bradford, Mass., 4|s,
of Medford, Mass , 4s,
of Wakefield, Mass., 4s,

$35,000
45,000
5,000
20,000
25,000
10,000
45,000
25,000
35,800
7,500
10,000
12,000

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

Estimated
Market Value.

$35,000
45,000
5,400
20,800
25,125
10,000
46,800
25,000
36,158
7,800
10,200
12,000

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

Amount Invested.

$35,000
45,000
5,000
20,000
25,000
10,000
45,000
25,000
35,800
7,500
10,000
12,000

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

$758,326 94 $775,394 94 $758,326 94
* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

16
200
136
267
50
50
100
50
50
100
50
187
100
75
150
100
50
267
254
225
150
100
150
200
33

Par Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston,
Blackstone Nat’l Bank,Boston,
Boston National Bank, Boston,
Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.
Continental N’ l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Fourth Nat’l Bank, Boston,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Merchants’ N’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’ l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .


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

$1,600
20,000
13,600
26,700
5,000
5,000
10,000
5,000
5,000
10,000
5,000
18,700
10,000
7,500
15,000
10,000
5,000
26,700
25,400
22,500
15,000
10,000
15,000
20,000
3,300

Estimated
Market Value.

$1,760
22,800
11,696
23,496
5,750
4,750
10,000
6,000
3,950
12,700
11,500
22,440
8,300
7,725
12,750
10,000
7,250
25,899
29,210
31,050
11,250
7,000
18,300
21,000
3,234

00
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
13,600
26,700
5,000
5,000
10,000
5,000
5,000
10,000
5,000
18,700
10,000
7,500
15,000
10,000
5,000
26,700
25,400
22,500
15,000
10,000
15,000
20,000
3,300

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

248

REPORT OF THE

[Pub. Doc.

Haverhill Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

Par Value.

150 North National Bank, Boston,
150 Shawmut Nat’l Bank, Boston,
75 Shoe & Leather N’l B’k, Boston,
100 State National Bank, Boston, .
100 Suffolk Nat’l Bank, Boston,
200 Third National Bank, Boston,
30 First National Bank, Chelsea,
145 First Nat’l Bank, Haverhill, .
375 Haverhill N ’l Bank, Haverhill,
300 Merrimac N’l B’k, Haverhill, .
50 Bav State N ’l Bank, Lawrence,
100 First National Bank, Malden,.

$15,000
15,000
7,500
10,000
10,000
20,000
3,000
14,500
37,500
30,000
3,750
10,000
$487,250

Estimated
Market Value.

$15,000
16,200
6,450
10,600
10,700
17,400
3,000
18,850
56,250
48,000
6,000
16,000

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

Amount Invested.

$15,000
15,000
7,500
10,000
10,000
20,000
3,000
14,500
37,500
30,000
3,750
10,000

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

$554,260 00 $487,250 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R 4^s,
Boston & Providence R.R. 4s, .
Cheshire R R. 6s,
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R.R. 4 s,.
Fitchburg R.R. 4s, .
Fitchburg R R. 4£s, .
.
.
.
Maine Central R.R. 4£s, .
Maine Central R.R. 7s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6s,.
Worcester, Nashua & Roch. R.R 4s,

$64,000
133,000
150,000
11,000
75,000
15,000
50,000
65,000
50,000
10,000
50,000
5,000
30,000
$708,000

Estimated
Market Value.

$64,890
150,290
156,000
11,275
75,750
15,000
50,000
65,000
52,500
10,400
51,500
5,050
30,300

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

Amount Invested.

$64,000
133,000
150,000
11,000
75,000
15,000
50,000
65,000
50,000
10,000
50,000
5,000
30,000

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

$737,955 00 $708,000 00

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

$44,634
248,639
43 000
269,500

41
68
00
00

Rate.

3 per cent.
3è
“
4
«
“


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

Amount.

$354,550
385,000
25,000
1,496,201

Rate.

00
00
00
86

4£ per cent.
4f
41
“
5
“

Amount.

$35,000 00
151,250 00
317,980 61

Rate.

5% per cent.
54
“
6
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

249

H a v e rh ill 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, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 539
Aggregate amount of the s a m e , .................................... •
Total number of loans upon real estate....................................................... 612
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896....................................................................................
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., $98,116 21 1
during the year ending Oct. 31, 1896,
.
. i 2 per cent.,
98,141 92 i
Number of accounts opened during the year ending Oct. 31, 1896,
1,563
Number of accounts closed during the year ending Oct. 31, 1896,
1,537
Total number of open accounts Oct. 31, 1896,
.
.
.
.
14,317
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),..................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,..................................................................................................
Number of s a m e , ................................................................................. 10,605
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ...........................................................................................................
Number of s a m e , .................................................................................11,158
Date of examination by commissioner: December 10.


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

$70,000
75,000
32,250
942

00
00
00
37

758,001 13

251,251 78

196,261 13

8,652 99
626,288 00

797,893 47

[Pub. Doc.

REPORT OF THE

250

H A Y D E N V IL L E S A V IN G S B A N K -H A Y D E N V I L L E .

Incorporated March 17, 1869.

Present number of corporators, 47.

C. D. W a i t e , President.

W

il b u r

M. P u r r in g t o n , Treasurer.

H e n r y C. S m it h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
B y r o n L o o m is ,
F r a n c is S. W a r n e r ,
W il s o n D

H enry L. G ra v e s,
G eorge M a r k s ,
ew ey.

Open fo r business every business day, 10 a .m . to 12

B

a la n ce

Sh

eet

; 2 to 4

p m.

Oc to b er 31, 1896.

L ia b il it ie s .

A ssets.

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

m.

$8,225
67,200
640
5,000
700
210,090
45,592

00
00
00
00
00
00
76

14,623
12,954
427
672

00
52
52
00

$350,538 26
13,500 00
1,889 57

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

196 97

$366,124 80

$366,124 80

Cash on Deposit in Banks, amount in each: —
Home National Bank, H olyok e,........................................................................ $5,050 77
Hampshire County National Bank, N o rth a m p to n ,....................................
7,903 75
Loan on Bank Stock: —
10 shares Hancock National Bank, Boston,


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

.

.

.

.

' .

•

$640 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

251

H a y d e n v ille Savings B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Sioux City, Iowa, 6s, .

$8,200

Estimated
Market Value.

$8,300 00

Amount Invested.

$8,225 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

50
46
50
43
50
60
25
42
50
18
22
10
10
48

Par Value.

First Nat’l Bank, Amherst,
Conway Nat’l Bank, Conway,
Danbury N’l B’k, Danbury, C t,
First N’l Bank, Easthampton,.
City National Bank, Holyoke,
Home Nat’l Bank, Holyoke, .
Park National Bank, Holyoke,
First N’l Bank, Northampton,
Hampshire County Nat'l Bank,
Northampton,
Northampton National Bank,
Northampton,
Southington National Bank,
Southington, Conn.,
Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield, .
John Hancock National Bank,
Springfield, .
.
.
.

$5,000
4,600
5,000
4,300
5,000
6,000
2,500
4,200

Estimated
Market Value.

$7,650
5,290
6,250
6,020
5,600
7,200
3,750
5,880

00
00
00
00
00
00
00
00

Amount Invested.

$7,520
5,380
6,600
5,290
5,625
6,165
3,750
6,300

00
00
00
00
00
00
00
00

5,000

6,000 00

6,030 00

1,800

2,700 00

3,070 00

2,200
1,000
1,000

2,530 00
1,600 00
1,250 00

2,320 00
1,700 00
1,450 00

4,800

5,760 00

6,000 00

$52,400

$67,480 00

$67,200 00

Detailed Statement o f Railroad Bonds.
Par Value.

Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .


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

Estimated
Market Value.

Amount Invested.

$2,000
3,000

$2,000 00
3,150 00

$2,000 00
3,000 00

$5,000

$5,150 00

$5,000 00

[Pub. Doc.

REPORT OF THE

252

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

Kate.

Amount.

$7,903 75
5,050 77

3£ per cent.
4

“

Amount.

$4,700 00
53,123 00

Kate.

4J per cent.
5
“

Amount.

$72,843 00
140,279 76

Rate.

5J per cent.
6

$700 00
Value, by books, of real estate held or owned by foreclosure or otherwise,
1,000 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 399
215,822 76
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 241
1,660 36
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur­
18,318 16
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
Times for the dividends fixed by the by-laws: second Tuesday in Janu­
ary and July.
Rate and amount of each semi-annual dividend J 2 per cent., $6,700 22 1 13,707 34
during the year ending Oct. 31, 1896,.
.
1 2 per cent.,
7,007 12 i
Number of accounts opened during the year ending Oct. 31,1896,
. 173
Number of accounts closed during the year ending Oct. 31, 1896,
. 153
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,128
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
1,819 44
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
59,751 35
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ..........................................................................................823
Amount of withdrawals, including dividends, during the year ending Oct.
69,210 00
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , ......................................................................................... 846
Date of examination by commissioner: May 28.


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Federal Reserve Bank of St. Louis

No. 8.]

253

SAYINGS BANK COMMISSIONERS.

H IN G H A M IN S T IT U T IO N PON S A V IN G S - H IN G H A M .
Incorporated April 2, 1834.

Present number of corporators, 59.
H e n r y C. H a r d i n g , Treasurer.

E nos L o r in g , President.

H e n r y C. H a r d in g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E nos L o r in g ,
E d m u n d H e r s e y , 2d,

F r a n c is H . L in c o l n ,
W m . F e a r in g , 2d.

Open for business every business day, 8

a .m .

Ba l a n c e Sh e e t O ctober

to 12

m.

; 1.30 to 4

p .m .

31, 1896.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,.
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Lawrence Duck Co. stock,*
Boston & Provincetown Steam­
ship Co. stock,*
Cash on hand,
.
.
.
.

$50,000
1,000
137,100
72,000
25.000

00
00
00
00
00

2,000
10,675
1,440,701
536,174

00
00
76
00

71,400
18,951
8,002
2,845
18.000

00
47
05
03
00

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

$2,238,544 66
99,000 00
57,822 11
240 50

300 00
1,457 96
$2,395,607 27

$2,395,607 27

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
National Webster Bank, Boston, . . .
Shoe and Leather National Bank, Boston, .
Hingham National Bank, Hingham, .

$4,408 36
18,951 47
3,593 69

Loan on Public Funds: —
$ 1,000 United States 4


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

s , ....................................

$

1,000 00

254

REPORT OF THE

[Pub. Doc,

Hingham Institution for Savings — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,

$50,000

Estimated
Market Value.

$50,125 00

Amount Invested,

$50,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

7
38
75
50
46
42
36
20
75
82
80
75
54
100
112
50
40
20
100
26
24
50
20
30
89
16
14

Abington N’l Bank, Abington,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
First National Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
National Revere Bank, Boston,
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Shoe& Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Brockton N’l Bank, Brockton, .
First National Bank, Chelsea,.
Hingham N’l Bank, Hingham,
Old Colony N’l B’k, Plymouth,
Union Nat’l Bank, Weymouth,

Par Value.

Estimated
Market Value.

$700
3,800
7,500
5,000
4,600
4,200
3,600
2,000
7,500
8,200
8,000
7,500
5,400
10,000
11,200
5,000
4,000
2,000
10,000
2,600
2,400
5,000
2,000
3,000
8,900
1,600
1,400

$770 00
4,142 00
8,550 00
11,500 00
3,818 00
4,326 00
2,700 00
1,600 00
10,875 00
9,102 00
7,760 00
10,350 00
4,050 00
7,000 00
8,960 00
6,500 00
3,920 00
2,980 00
8,600 00
2,756 00
2,568 00
4,200 00
2,300 00
3,000 00
8,900 00
2,000 00
1,540 00

Amount Invested.

$700 00
3,800 00
7,500 00
5,000 00
4,600 00
4,200 00
3,600 00
2,000 00
7,500 00
8,200 00
8,000 00
7,500 00
5,400 00
10,000 00
11,200 00
5,000 00
4,000 00
2,000 00
10,000 00
2,600 00
2,400 00
5,000 00
2,000 00
3,000 00
8,900 00
1,600 00
1,400 00

$137,100 $144,767 00 $137,100 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .


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

$10,000
6,000
30,000

Estimated
Market Value.

$10,150 00
7,200 00
31,350 00

Amount Invested.

$10,000 00
6,000 00
30,000 00

No. 8.]

255

SAYINGS BANK COMMISSIONERS

Hingham Institution for Savings — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$10,000
1,000
15,000

$10,000 00
1,010 00
15,675 00

$10,000 00
1,000 00
15,000 00

$72,000

$75,385 00

$72,000 00

Par Value.

Maine Central R.R. 4s,
Old Colony R.R. 6 s,.
Upper Coos R.R. 4is,

.

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

Rate.

Amount.

$1,500
18,951
32.000
87.500
87.000

00
47
00
00
00

0 per cent.
2
»
3J
“
4
“
4^
“

Amount.

$257,750
66,000
1,122,547
25,000

Rate.

00
00
00
00

4J per cent.
4|
“
5
“
5i
“

Amount.

$134,024
229,849
20,000
11,105

Rate.

00
76
00
00

5£ per cent.
6
“
6é
“
7

Amount invested in real estate for banking purposes,
.
Estimated value of the s a m e , ........................................................................
Assessed value of the same...................................................................................
Value, by books, of other real estate held or owned by foreclosure or other­
wise, ....................................................................................................................
Assessed value of the sam e,................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 347
Aggregate amount of the same, ........................................................................
Total number of loans upon real e s t a t e , .............................................508
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
Times for the dividends fixed by the by-laws: first Tuesday in January
and July.
Rate and amount of each semi-annual dividend | 2 per cent., $43,059 13 )
during the year ending Oct. 31, 1896,
.
( 2 percent., 43,683 481
Number of accounts opened during the year ending Oct. 31, 1896, . 409
Number of accounts closed during the year ending Oct. 31,1896,
. 337
Total number of open accounts Oct. 31, 1896..................................
4,648
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1896,..........................................................................................
Number of same.................................................................................... 2,081
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 6 , ...................................................................................................
Number of sa m e ,.................................................................................2,531
Date of examination by commissioner: November 2.


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

$ 2,000 00
3,000 00
2,500 00
10,675 00
12,720 00
415,477 00
1,700 00
109,298 30

86,742 61

4,219 04
191,155 76

241,610 06

256

REPORT OF THE

[Pub. Doc.

H O LL IST O N S A V IN G S B A N K — H O LL IST O N .
Incorporated Feb. 27, 1872.

Present number of corporators, 55.

C h a r l e s F. T h a y e r , President.
O r r i n T h o m s o n , Treasurer.
O r r i n T h o m son , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge A . B a r t l e t t ,
C h a r l e s F. T h a y e r ,
U r ie l C u t l e r ,
J o se p h H. D e w i n g ,
Jam es H . L e l a n d .

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

B

alan ce

Sh

eet

a .m .

to 12 m . ; 1.30 to 3.30

Oc t o b er 31, 1896.

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 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,
Holliston Water Co. bonds,*
Tax account,
.
.
.
.
Cash on hand,
.
.
.
.

$6,000
26,662
4,600
11.700
5,770
227,105
55,285

00
50
00
00
00
00
00

64,300
300
14.701
2,000
4,000
633
1,289

00
00
28
00
00
88
65

Deposits, .
Guaranty fund,
Interest account,
Surplus account,

$424,347 31

$378,300
19,400
16,680
9,967

08
00
02
21

$424,347 31

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston,
Holliston National Bank, Holliston,

$14,228 96
2,472 32

Loans on Bank Stock, amount on each: —
35 shares Central National Bank, Boston,
66 shares Holliston National Bank, Holliston,


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

$1,700 00
2,900 00

No. 8.]

SAYINGS BANK COMMISSIONERS

257

H o llis to n Savings B ank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Milwaukee, Wis., 5s, .
Town of Wayland, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$1,000
4.000
1.000

$1,050 00
4,380 00
1,000 00

$1,000 00
4.000 00
1.000 00

$6,000

$6,430 00

$6,000 00

No. o f I
Shares.

Detailed Statement o f Bank Stocks.

Blackstone N’l Bank, Boston,.
National Bank of the Com­
monwealth, Boston,
25 Shoe &Leather N’l B’k, Boston,
24 State National Bank, Boston, .
30 Home Nat’l Bank, Brockton, .
30 Franklin N’l Bank, Franklin, .
60 Holliston N’l Bank, Holliston,
15 People’s N’l B’k, Marlborough,
20 Blue Hill Nat’l Bank, Milton, .
24 Framingham National Bank,
South Framingham,
5

34

Par Value.

Estimated
Market Value.

$500

$430 00

Amount Invested.

$500 00

3,400
2,500
2,400
3,000
3,000
6,000
1,500
2,000

4,590
2,150
2,544
4,950
3,300
4,800
1,725
2,200

2,400

2,760 00

2,400 00

$26,700

$29,449 00

$26,662 50

00
00
00
00
00
00
00
00

3,400
2,462
2,400
3,000
3,000
6^000
1,500
2,000

00
50
00
00
00
00
00
00

Detailed Statement o f Railroad Bonds.

Fitchburg R.R. 5s, .
Old Colony R.R. 6 s,.
Salem & Lowell R.R. 6s,.


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

Par Value.

Estimated
Market Value.

$4,000
2,000
5,700

$4,180 00
2,020 00
5,871 00

$4,000 00
2,000 00
5,700 00

$11,700

$12,071 00

$11,700 00

Amount Invested.

[Pub. Doc.

REPOET OF THE

258

H o llis to n Savings B a n k — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest:

Rate.

Amount.

$14,701
3,000
8,5U0
22,800

28
00
00
00

2 per cent.
34
“
3$
4
“

Amount.

$20,200 00
28,800 00
33,850 00

Rate.

44 per cent.
5
54
“

Amount.

$21,000 00
208,440 00
5,000 00

Rate.

5| per cent.
6

“

7

“

$5,770 00
Value, by books, of real estate held or owned by foreclosure or otherwise,
9,300 00
Assessed value of the s a m e ,.................................................................................
7 74
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 355
267,290 00
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 279
12,000 00
Amount of investments from which no income is received, .
Gross amount of interest or profits received or earned, as per books, during
21,757 11
year ending Oct. 31, 1 8 9 6 , .................................................................................
Times for the dividends fixed by the by-laws : first Tuesday in June and
December.
Rate and amount of each semi-annual dividend $ 2 per cent.,
$7,554 09 1
15,049 43
during the year ending Oct. 31, 1896, .
.< 2 per cent.,
7,495 34
Number of accounts opened during the year ending Oct. 31, 1896,
. 142
Number of accounts closed during the year ending Oct. 31, 1896,
. 147
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,239
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
1,918 43
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year end­
52,335 21
ing Oct. 31, 1896,..............................................................
.
.
.
.
Number of s a m e , .........................................................................................748
Amount of withdrawals, including dividends, during the year ending Oct.
76,900 18
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , ................................................................................. 1,058
Date of examination by commissioner: June 8.


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

No. 8.]

259

SAYINGS BANK COMMISSIONERS

H O L Y O K E SA V IN G S B A N K — H O LY O K E .
Incorporated Feb. 21, 1855.

Present number of corporators, 87.

G e o r g e W . P r e n t is s , President.
R . B . J o h n so n , TreasurerC. W . J o h nson , 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 obert R u sse ll,

A . H ig g in b o t t o m .

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 ee t O cto ber

Thursdays,

31, 1896.

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 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,
Furniture and fixtures,
Cash on hand..................................

p .m . ;

$633,375
600
256,758
17.350
473,300
19,312
1,336,300
424,505

00
00
00
00
00
45
00
00

1,250
300
169,860
2,879
5,000
32,762

00
00
55
62
00
64

Deposits, .
Guaranty fund,
Interest account,

$3,373,553 26

$3,181,454 67
120,000 00
72,098 59

$3,373,553 26

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston,
City National Bank, Holyoke,
Holyoke National Bank, Holyoke,
Home National Bank, Holyoke, .
First National Bank, Springfield,.
Ware National Bank, Ware,
* This deposit has since been reduced within the legal limit.


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

$11,679
55.000
73,181
15.000
5,000

29
00
26*
00
00

10.000 00

[Pub. Doc

REPORT OF THE

260

H olyoke Savings Bank — Continued.
Loan on Public Funds : —
$600 United States ................................................................................................. $600 00
Loans on Bank Stock, amount on each : —
10
10
3
10
27
40
7
10
10
25
10
26
4
25

shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares

Holyoke National Bank, H o l y o k e , ............................................. $1,000 00
Home National Bank, Holyoke......................................................... 1
1,200 00
Hadley Falls National Bank, H o l y o k e , .................................... i
Home National Bank, H olyok e,......................................................
350 00
Holyoke National Bank, H o l y o k e , .............................................
2,500 00
Holyoke National Bank, H o l y o k e , .............................................
600 00
Holyoke National Bank, H o l y o k e , .............................................
700 00
City National Bank, H o l y o k e ,......................................................
1,000 00*
City National Bank, H o l y o k e ,......................................................
1,000 00*
City National Bank, H o l y o k e ,...................................................... ?
3,500 00*
Hadley Falls National Bank, H o l y o k e , .................................... >
Palmer National Bank, P a lm e r,......................................................
2,600 00
Third National Bank, Springfield......................................................
400 00
Manufacturers’ Trust Company, Holyoke.......................................
2,500 00
* These loans, in excess of the legal limit, have since been reduced.

Detailed Statement o f Public Funds.
Par Value.

City of Akron, Ohio, 5s, .
of Bangor, Me., 6s, .
of Bangor, Me., 7s, .
of Bay City, Mieh., 5s,
of Bay City, Mich., 8s,
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Dayton, Ohio, 5s,
of Dayton, Ohio, 6s,
of Detroit, Mich., 7s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 4^s,
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 5s,
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Holyoke, Mass., 6s,
of Lewiston, Me., 5s,
of Lewuston, Me., 6s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4£s,
of Minneapolis, Minn., 8s,


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

$89,000
9,000
12,000
20,000
500
25,000
4,000
45,250
35,000
2,000
13,000
9,000
9,000
25,000
8,000
7,000
2,000
19,000
7,000
2,000
9,000
4,500
2,000
42,000
25,000
7,000

Estimated
Market Value.

$39,200
9,400
12,800
20,450
500
25,750
4,700
47,440
36,160
2,000
13,200
10,000
9,100
26,000
9,100
7,500
2,150
19,200
7,100
2,000
9,400
4,860
2,200
45,500
26,000
8,650

* Legal investments when made.

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

Amount Invested.

$39,000
9,000
12,000
20,000
500
25,000
4,000
45,250
35,000
2,000
13,000
9,000
9,000
25,000
8,000
7,000
2,000
19,000
7,000
2,000
9,000
4,500
2,000
42,000
25,000
7,000

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

No. 8.]

261

SAVINGS BANK COMMISSIONERS

H o ly o k e Savings B a n k — Continued.
Detailed Statement o f Public Funds— Concluded.
Par Value.

City of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of Northampton, Mass., 4s,
of Oshkosh, Wis., 4£s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
of Providence, R. I., 6s, .
of Rockford, 111., 4£s,
of Saginaw, Mich., 4^s, .
of Saginaw, Mich., 5s,
of Salem, Mass., 4s,.
of Springfield, Mass., 3£s,
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 6s, .
of St. Louis, Mo., 5s,
of St. Louis, Mo., 6s,
of Youngstown, Ohio, 5s,
of Youngstown, Ohio, 6s,
Town of Auburn, Me., 5s,
of Hinsdale, N. H., 5s, .
of Monson, Mass , 4s, .
of West Springfield, Mass., 4s,
County of Bristol 4s,
County of Middlesex, Mass., 4s,

$6,000
5,000
22,500
10,000
5,000
15,000
4,000
14,000
32,000
11,000
8,000
13,000
20,000
5,125
3,000
14,000
10,000
8,000
6,000
500
4,000
10,000
15,000
10,000
$633,375

Estimated
Market Value.

$6,500
5,400
22,800
10,000
5,100
15,800
4,300
14,500
34,700
11,300
8,000
13,000
21,100
5,300
3,100
16,050
10,300
8,100
6,500
500
4,100
10,000
15,100
10,500

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

Amount Invested.

$6,000
5,000
22,500
10,000
5,000
15,000
4,300
14,000
32,000
11,000
8,000
13,000
20,000
5,125
3,000
14,000
10,000
8,000
6,000
500
4,000
10,000
15,000
10,000

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

$662,410 00 $633,375 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

Greylock Nat’l Bank, Adams,.
First National Bank, Adams, .
50 First National Bank, Amherst,
20 Miller’s River N’l B’k, A thol,.
20 First National Bank, Chicopee,
38 Conway Nat’l Bank, Conway,
42 First N’l Bank, Easthampton,
37 Rollstone N’l B’k, Fitchburg, .
5 First National Bank, Greenfield,
48 Franklin Co. N’l B’k, Greenfield,
2 First Nat’l Bank. Haverhill, .
1 Merrimack N ’l B’k, Plaverhill,
City National Bank, Holyoke,
8
222 Hadlev Falls N’l B’k, Holyoke,
380 Holyoke Nat’l Bank, Holyoke,
20
22


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

Par Value.

$2,000
2,200
5,000
2,000
2,000
3,800
4,200
3,700
500
4,800
200
100
800
22,000
38,000

Estimated
Market Value.

$3,000
2,860
7,500
3,800
3,000
4,500
5,000
5,000
800
4,800
250
150
900
29,100
57,000

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

Amount Invested.

$2,000
2,200
5,000
2,000
2,000
3,800
4,200
3,700
500
4,800
200
100
800
29,000
38,000

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

262

REPORT OF THE

[Pub. Doc

H o ly o k e Savings B a n k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

60
17
25
5
90
20
100
38
6

50
97
15
178
87
50
215
25
97
26
4
50

Par Value.

Home Nat’l Bank, Holyoke, .
Railroad Nat’l Bank, Lowell, .
Monson Nat’l Bank, Monson, .
First N ’l Bank, Newburyport,
First N’l Bank, Northampton,
Hampshire County National
Bank, Northampton, .
Northampton National Bank,
Northampton,
Palmer Nat’l Bank, Palmer, .
Pittsfield N’l Bank, Pittsfield,.
Agawam N’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.
Second N’l Bank, Springfield,
Third Nat’l Bank, Springfield,
Springfield N’l B’k, Springfield,
Townsend N’l B’k, Townsend,
Ware National Bank, Ware, .
First Nat’l Bank, Westfield, .
First Nat’l Bank, Worcester, .

$6,000
1,700
2,500
500
9,000
2,000

Estimated
Market Value.

$6,900
2,000
3,750
625
12,000

00
00
00
00
00

2,400 00

Amount Invested.

$6,000
1,700
2,500
500
12,288

00
00
00
00
00

2,000 00

10,000
3,800
600
5,000
9,700
1,500
17,800

16,000
4,700
900
5,000
16,400
2,100
22,250

00
00
00
00
00
00
00

13,900
3,800
570
5,000
12,300
1,500
21,500

00
00
00
00
00
00
00

8,700
5,000
21,500
2,500
9,700
2,600
400
5,000

10,440
8,000
43,000
3,250
12,000
3,000
500
8,000

00
00
00
00
00
00
00
00

9,900
9,000
33,500
2,500
12,000
2,600
400
5,000

00
00
00
00
00
00
00
00

$217,000

$310,875 00 $256,758 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston, Revere Beach & Lynn R.R, 6s,
Boston, Winthrop & Shore R.R. 5s,
Cheshire R.R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Holyoke & Westfield R R. 4 s,.
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 6s, .
Maine Central R.R. 7s, .
Nashua & Lowell R.R. 5s,
New Haven & Northampton R.R. 5s,
N. Y., Providence & Boston R.R. 7s,


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

$19,000
26,000
35,000
25,000
39,000
15,000
60,000
50,000
8,000
13,500
38,800
1,000
2,000
7,000

Estimated
Market Value.

$19,000
26,700
35,200
27,000
40,000
15,000
61,950
50,000
8,100
14,400
42,500
1,000
2,200
7,500

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

Amount Invested.

$19,000
26,000
35,000
25,000
39,000
15,000
60,000
50,000
8,000
13,500
38,800
1,000
2,000
7,000

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

No. 8.]

263-

SAYINGS BANK COMMISSIONERS.

H o ly o k e S avings B ank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Norwich & Worcester R.R. 6s,
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,
Providence & Worcester R.R. 6s, .
Vermont & Massachusetts R.R. 5 s,.

f 17,000
77.000
29.000
3.000
8.000

Estimated
Market Value.

$17,000
79,600
30,400
3,100
8,400

00
00
00
00
00

Amount Invested.

$17,000
77.000
29.000
3.000
8.000

00
OO
00
00
OO

$473,300 $489,050 00 $473,300 OO

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

$11,679 29
88,181 26
55,000 00

Rate.

Amount.

Rate.

2£ per cent.
4
“
41
«

$15,000 00
1,415,500 00

4j per cent.
5
“

Amount.

$21,300 00
343,505 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 ,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each,. 321
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................364
Gross amount of interest or profits received or'earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
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., $57,135 90 1
during the year ending Oct. 31,1896,.
.
. 1 2 per cent., 59,220 441
Number of accounts opened during the year ending Oct. 31, 1896,
1,916
Number of accounts closed during the year ending Oct. 31, 1896,
1,588
Total number of open accounts Oct. 31, 1896,
.
.
.
.
8,987
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ........................................................................................ 14,318
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ...........................................................................................................
Number of s a m e ,.......................................................................................... 9,276
Date of examination by commissioner: May 15.


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Federal Reserve Bank of St. Louis

$19,312 45
11,720 00
417 25
386,255 00

170,339 96

116,356 34

8,556 30
752,781 00

703,355 36

264

REPORT OF THE

[Pub. Doc.

HOM E S A V IN G S B A N K — BOSTON.
Incorporated March 17, 1869.

Present number of corporators, 38.
C h a r l e s J. H a y d e n , Treasurer.

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 , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ch arles H . A llen ,
J o h n W . L e ig h t o n ,
A l b e r t T . W h it in g ,

T h o m a s F. T e m p l e ,
N ew ton T albot,
H e n r y C. J a c k s o n .

Open for business every business day, 9 a . m . to 2 p . m . ; Saturdays, for deposits, 5 to 8 p . m .,
except during June, July and August.

B alance

Sh ee t O cto ber

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,
Railroad notes, .
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,
Premium account,
Rent account,
.
.
.
.
Cash on hand,
.
.
.
.

31, 1896.

L ia b il it ie s .

$153,697
20,000
384,800
19,048
166,000
107,000
50,000
2,812,790
2,195,350
234,420
173,116
1,371
29
565
400
14,856

10
00
00
68
00
00
00
00
00*

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

$5,938,793 33
285,000 00
42,938 34
66,713 47

75
51
26
82
00
00
02

$6,333,445 14

$6,333,445 14

* This amount, in excess of the legal limit, will he reduced.

Cash on Deposit in Banks, amount in each: —
^oylston National Bank, Boston,
.
.
.
.
.
.
.
.
Central National Bank, B o s to n ,........................................................................
National Bank of North America, B oston ,......................................................

$43,743 76
104,372 75
25,000 00

Loan on Public Funds : —
$20,000 United States 4 s , ................................................................................. $20,000 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

265

H o m e Savings B a n k — Continued.
Loans on Bank Stock, amount on each: —
81 shares Central National Bank, B o s t o n ,....................................
20 shares Central National Bank, B o s to n ,....................................
15 shares Market National Bank of Brighton, Boston,
32 shares Boylston National Bank, Boston,
.
.
.
.
50 shares Fitchburg National Bank, Fitchburg, .
.
.
.
50 shares Wachuset National Bank, Fitchburg, .
.
.
.

$7,848 68
2,000 00

300
3,200
3,000
2,700

00
00
00
00

Loans on Railroad Stock, amount on each : —
200
250
100
225

shares
shares
shares
shares

Boston & Lowell R .R .,
Boston & Maine R .R .,
Boston & Albany R .R ,
Providence & Worcester R.R .,

$30,000 00
27,000 00
10,000 00

40,000 00*

.

* This illegal loan has since been corrected.

Detailed Statement o f Public Funds.
Estimated
Market Value.

Par Value.

City of Akron, Ohio, 5s, .
of Bay City, Mich., 8s,
of Canton, Ohio, 5s,
of Dayton, Ohio, 5s,
of Detroit, Mich., 4s,
of Dubuque, Iowa, 6s,
of Kansas City, Mo., 7s, .
of Northampton, Mass., 4s,
of Quincy, Mass., 4s,
of Springfield, Mass., 7s,
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 6s, .
of Woburn, Mass., 4s,
Town of Hyde Park, Mass., 4s,
of Milton, Mass., 4s,
of Watertown, Mass., 4s,

$21,000
4,500
8,000
25,000
11,724
15,000
4,000
25,000
7,000
1,000
3,000
6,000
10,000
2,000
5,500
5,000

Amount
Invested.

00 $21,105 00 $21,000 00
4,500 00
5,965 00
00
8,000 00
8,020 00
00
25,000 00*
25,000 00
00
11,724 10
11,724 10
10
15,000 00
15,000 00
00
4,000 00
00
4,160 00
25,000 00
25,125 00
00
7,000 00
7,000 00
00
1,000 00
1,190 00
00
3,000 00
3,040 00
00
6,000 00
00
6,170 00
10,000 00
00
10,000 00
2,000 00
00
2,000 00
5,500 00
5,500 00
00
4,973 00
5,000 00
00

$153,724 10 $155,999 10 $153,697 10
* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

50
200
66

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

$5,000
20,000
6,600

$5,450 00
22,800 00
5,676 00

Amount Invested.

$5,000 00
20,000 00
6,600 00

266

REPORT OF THE

[Pub. Doc

H o m e Savings B ank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.
Estimated
Market Value.

Amount Invested.

I

Par Value.

50 Boston National Bank, Boston,
75 Columbian N’l Bank, Boston, .
23 Continental N’l Bank, Boston,
100 Eliot National Bank, Boston, .
70 Everett Nat’l Bank, Boston, .
125 First National Bank, Boston, .
100 Freeman’s Nat’l Bank, Boston,
160 Hamilton Nat’l Bank, Boston, .
150 Howard Nat’l Bank, Boston, .
150 Market Nat’l Bank, Boston, .
50 Massachusetts N’l B’k, Boston,
200 Merchants’ N’l Bank, Boston,.
75 Mt. Vernon Nat’l Bank, Boston,
50 N’l B’k of No. America, 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 Bank, Brighton, .
150 National Revere Bank, Boston,
125 National Union Bank, Boston,.
33 Nat’l Webster Bank, Boston, .
200
New England N’l B’k, Boston,
200 North National Bank, Boston,
400 Second Nat’l Bank, Boston,
200 Shawmut Nat’l Bank, Boston,
100 Shoe & Leather N’l B’k, Boston,
100 State National Bank, Boston, .
46 Suffolk Nat’l Bank, Boston,
100 Tremont Nat’l Bank, Boston, .

$5,000
7,500
2,300
10,000
7,000
12,500
10,000
16,000
15,000
15,000
5,000
20,000
7,500
5,000
15,000
20,000
10,000
5,000
15,000
12,500
3,300
20,000
20,000
40,000
20,000
10,000
10,000
4,600
10,000

$4,400
4,125
2,300
12,000
5,430
28,750
8,500
16,480
12,750
11,250
4,000
29,000
7,800
4,850
17,250
27,600
10,500
4,700
12,000
16,250
3,234
29,800
20,000
70,000
21,600
8,600
10,600
4,922
8,400

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

$5,000
7,500
2,300
10,000
7,000
12,500
10,000
16,000
15,000
15,000
5,000
20,000
7,500
5,000
15,000
20,000
10,000
5,000
15,000
12,500
3,300
20,000
20,000
40,000
20,000
10,000
10,000
4,600
10,000

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

$384,800 $451,017 00 $384,800 00

Detailed Statement o f Railroad Bonds.
Par Value.

Dexter & Piscataquis R.R. 4s,.
Fitchburg R R. 4s, .
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
Old Colony R.R. 4s,
. . .
Old Colony R.R. 6s,
. . .
Portland & Ogdensburg R R. 6s,
Salem & Lowell R.R. 6s,


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Federal Reserve Bank of St. Louis

.

$10,000
38,000
58,000
4,000
2,000
15,000
23,000
1,000
15,000
$166,000

Estimated
Market Value.

$9,900
37,620
60,670
4,040
2,020
15,450
23,230
1,070
15,450

00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
38,000
58,000
4,000
2,000
15,000
23,000
1,000
15,000

00
00
00
00
00
00
00
00
00

$169,450 00 $166,000 00

No. 8 .]

267

SAYINGS BANK COMMISSIONERS

Home Savings Bank — Concluded.

Total Amount of Loans, withEach SpecifiedRate of Interest.
Kate.

Amount.

$173,116
40,000
603,267
58,751
353,902

51
00
39
03
02

2 per cent.
3f
4
“
4*
“
4i
“

Kate.

Amount.

$4,868
1,084,751
212,100
1,594,915
48,100

62
30
00
00
00

4A per cent.
4J
“
41
5
“
5£
“

Rate.

Amount.

$243,000
340,775
742,450
106,400
5,329

00
00
00
00
07

5£ per cent.
6
“
6h
“
7
74
“

Number of loans which are of an amount not exceeding $3,000 each, . 210
Aggregate amount of the s a m e , ........................................................................$357,486 00
Total number of loans upon real e s t a t e , ............................................. 419
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896.....................................................................................
286,300 72
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Eate and amount of eachsemi-annual dividend j 2 per cent., $105,311 58 1 214,776 28
during the year ending Oct. 31, 1896,
.
. i 2 per cent., 109,464 70 J
Number of accounts opened during the year ending Oct. 31, 1896,
2,962
Number of accounts closed during the year ending Oct. 31, 1896,
2,266
Total number of open accounts Oct. 31, 1896,
.
.
.
.
22,265
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
23,306 22
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 6 ,......................................................................... 1,555,226
48
Number of s a m e , .................................................................................19,867
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.................................................................................................... 1,360,883
82
Number of s a m e ,.................................... ............................................ 17,143
Date of examination by commissioner: February 7.


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

268

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 r c h e r , President.
W . W . R ic h m o n d , Treasurer.
G e o r g e P. L a w r e n c e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a n ie l J. B a r b e r ,
~W . W . B u t l e r ,
T im o t h y C o l l in s .

Open for business every business day, 9 a .m . to 4 p . m . ; Saturdays, until 6
July, August and September, until 4.30 p . m .

Balance

Sheet O ctober

except

31, 1896.

L ia b il it ie s .

A ssets.

Public funds as per schedule,
Bank stock 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,
Deposits in banks, not on interest,
Furniture and fixtures,
Premium account,
Cash on hand,
.
.
.
.

p . m .,

$25,000 00
7,200 00
57,233
4,021
521,660
123,224
150
1,507
7,375
2,700
5,676

84
98
16
50
00
28
00
00
34

Deposits, .
Guaranty fund,
Interest account,
Uncompleted real es­
tate loans,

$755,749 10

$726,127 06
15,195 37
12,741 67
1,685 00

$755,749 10

Cash on Deposit in Banks, amount in each: —
Adams National Bank, North A d a m s , ......................................................
Berkshire National Bank, North A d a m s ,......................................................


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Federal Reserve Bank of St. Louis

$649 18
858 10

No. 8.]

269

SAYINGS BANK COMMISSIONERS.

Hoosae Savings Bank — Continued.

Detailed Statement of Public Funds.
Par Value.

City of
of
of
of
of
of

Bay City, Mich., 5s,
Cleveland,'Ohio, 4s, .
Columbus, Ohio, 4s, .
Lynn, Mass., 4s, .
Sioux City, Iowa, 4^s,
Terre Haute, Ind., 4£s,

*

Estimated
Market Value.

$10,000
2,000
1,000
2,000
5,000
5,000

$11,900
2,030
1,010
2,050
5,750
5,290

00
00
00
00
00
00

$25,000

$28,030 00

Amount Invested.

$10,000
2,000
1,000
2,000
5,000
5,000

00
00
00*
00
00
00

$25,000 00]

A legal investment when made.

No. o f
Shares.

Detailed Statement of Bank Stocks.

19
53

Adams N’l B’k, North Adams, .
Berkshire Nat’l Bank, North
Adams,..................................

Par Value.

Estimated
Market Value.

$1,900

$2,375 00

$1,900 00

5,300

5,989 00

5,300 00

$7,200

$8,364 00

$7,200 00

Amount Invested

Total Amount of Loans, withEach SpecifiedRate of Interest.
A m ou n t.

$513,635 58

R ate.

5 per cent.

A m ou n t.

$3,800 00

R a te.

A m ou n t.

5^ per cent.

$127,599 08

R a te.

6 per cent.

Amount invested in real estate for banking purposes,............................. $57,233
84
Estimated value of the sam e,......................................................................
70,000
00
Assessed value of the s a m e ,......................................................................
35,000
00
Net income received from same during year ending Oct.31, 1896,
.
.
3,247 06
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,......................................................................................................4,021
98
Assessed value of the same...........................................................................
1,300
00
Net income received from same during year ending Oct.31, 1896,
.
.
88 42
Number of loans which are of an amount not exceeding $3,000 each, . 300
Aggregate amount of the same...............................................................................
287,513 66
Total number of loans upon real e s t a t e , .............................................264
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896, .
.
.
.
.
.
.
.
.
.
37,000 58
Times for the dividends fixed by the by-laws : June 1 and December 1.


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Federal Reserve Bank of St. Louis

270

REPORT OF THE

[Pub. Doc.

Hoosac Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $13,078 87
^ $26,566 27
during the year ending Oct. 31, 1896,
.
- 1 2 per cent.,
13,487 40
Number of accounts opened during the year ending Oct. 31, 1896,
. 810
Number of accounts closed during the year ending Oct. 31,1896, .
. 715
Total number of open accounts Oct. 31, 1896,’
.
.
.
.
3,594
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes)...........................................................................................................
4,119 92
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
257,126 89
Number of s a m e , .................................................................................5,571
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
273,782 88
Number of s a m e , ........................................................................
3,621
Date of examination by commissioner: June 26.


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Federal Reserve Bank of St. Louis

No. 8.]

271

SAYINGS BANK COMMISSIONERS.

H O P K IN TO N S A V IN G S B A N K — H O P K IN TO N .
Incorporated March 23, 1867.
L o w e l l B . M a y b r y , President.
F red A. W

Present number of corporators, 33.
F red A. W

ood ,

ood,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L o w e l l B. M a y b r y ,
W . A. F r a i l ,
M. V . P h i p p s .

C h a s . L . Cl a f l in ,
A l o n zo C o b u r n ,
C h a r l e s H. M o r s e ,

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

alance

Sh e e t O c t o b e r

a .m

.

to 12 m . ; 1 30 to 4

p .m

. ;

31, 1896.

L ia b il it ie s .

AS8ETS.

$52,992
55,195
86,522
833
163,258

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure, .
Loans on real estate, .
.
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand,
.
.
.
.

89
00
50
61
13

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

$350,107 42
16,881 36
12,041 91

1,000 00
16,346 67
1,000 00

782 17
1,099 72
$379,030 69

$379,030 69

Cash on Deposit in Bank : —
Hopkinton National Bank, H o p k i n t o n ,...................................................... $17,346 67

Detailed Statement of Public Funds.
Par Value.

City of Bangor, Me., 6s, .
of Belfast, Me., 6s, .
of Dayton, Ohio, 4 s,.
of Portland, Me., 6s,
County of Aroostook, Me., 4^s,
United States 4s,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$5,000
3,500
5,000
6,000
5,000
25,000
$49,500

$5,800
3,587
5,000
7,200
5,250
29,250

00
50
00
00
00
00

$56,087 50

Legal investments when made.

Amount Invested.

$5,000
3,500
5,000
6,000
5,000
28,492

00
00*
00*
00
00*
89

$52,992 89

272

REPORT OF THE

[Pub. Doc

Hopkinton Savings Bank — Continued.

Ko. of
Shares.

Detailed Statement of Bank Stocks.

10
50
61
50
25
15
16
50
15
10
13
38
40
60
25
5
10

Par Value.

Greyloek Nat’l Bank, Adams,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
Howard Nat'l Bank, Boston, .
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Franklin N’l Bank, Franklin, .
Natick Nat’l Bank, Natick,
Quinsigamond National Bank,
Worcester, .
.
.
.

Estimated
Market Value.

$1,000
5,000
6,100
5,000
2,500
1,500
1,600
5,000
1,500
1,000
1,300
3,800
4,000
6,000
2,500
500

$1,500
5,450
6,954
5,000
1,975
1,905
1,360
5,750
2,070
1,220
1,365
3,040
4,000
6,480
2,750
575

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

Amount Invested,

$1,500
6,250
7,015
5,400
2,500
1,950
1,600
5,750
1,950
1,250
1,300
2,850
4,600
6,600
2,750
500

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

1,000

1,400 00

1,430 00

$49,300

$52,794 00

$55,195 00

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Nashua & Lowell R.R. 5s,
Newport & Richford R.R. 5s, .
Portland & Rumford Falls R.R. 5s,
Rumford Falls & Rangeley Lakes
R.R. 5s,............................................
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
10,000
10,000
10,000
10,000

Estimated
Market Value.

$10,350
10,300
5,100
10,100
10,350
10,400
10,500
10,000

00
00
00
00
00
00
00
00

Amount Invested.

$10,712
10,000
5,000
10,000
10,000
10,000
10,000
10,250

50
00
00
00
00
00
00*
00

3,500

3,675 00

3,675 00

6,000

7,080 00

6,885 00

$84,500

$87,855 00

$86,522 50

A le g a l in v e s tm e n t w h e n m a d e .

No. 8.]

273

SAVINGS BANK COMMISSIONERS

Hopkinton Savings B a n k — Concluded.

Total Amount of Loans, withEach SpecifiedRate of Interest.
Amount.

Rate.

$16,346 67
4,000 00

2£ per cent.

4h

“

Amount.

$90,273 13
13,550 00

Rate.

5 per cent.
5h
“

Amount.

$56,435 00

Rate.

6 per cent.

$833 61
Value, by books, of real estate held or owned by foreclosure or otherwise,
1,050 00
Assessed value of the same.....................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 157
103,810 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................170
833 61
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
17,939 60
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November.
Rate and amount of each semi-annual dividend t 2 per cent., $6,891 14 1 13,765 10
during the year ending Oct. 31, 1896, .
.
< 2 per cent.,
6,873 96 1
Number of accounts opened during the year ending Oct. 31, 1896,
. 100
Number of accounts closed during the year ending Oct. 31,1896,
. 129
1,124
Total number of open accounts Oct. 31, 1896....................................
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
1,919 30
sive of taxes)..........................................................................................................
Amount of deposits, not including dividends, received during the year end­
34,473 04
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ...................................................................................... 699
Amount of withdrawals, including dividends, during the year ending Oct.
54,273 56
3 1 , 1 8 9 6 , ............................................................................................................
Number of s a m e , ...................................................................................... 869
Date of examination by commissioner: March 12.


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

274

REPORT OF THE

[Pub. Doc

HUDSOW S A V IN G S B A N K — H U D SO N .
Incorporated Feb. 26, 1869.

Present number of corporators, 48.

E d m u n d M. S t o w e , President.
D a n ie l W . S t r a t t o n , Treasurer.
F r e d 0 . W e l s h . 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 ,
J o se p h S. B r a d l e y ,
H orace E . St o w e ,
G eorge B . Co ch ra n ,
H enry T o w er.

Open for business every business day except Saturdays, 9 a . m . to 12
9 a .m . to 12 m . ; 1 to 5 p . m . ; 6 to 8 p . m .

B

A

alance

Sheet October

ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Real estate, rents and expenses,
Furniture and fixtures,
Cash on hand, .
.
.
.

*

m.

; Saturdays,

31, 1896.

L ia b il it ie s .

$100,400
67,700
1,000
99,985

00
00
00
00

41,600 06
515,575 00
18,250 00
34,500
27,800
84
181
1,154
5,000
1,325

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

$863,558 86
23,600 00
4,725 78
22,289 29
381 55

00
00
73
10
20
00
39

$914,555 48

$914,555 48

Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, Boston...................................................................$7,000 00
Hudson National Bank, H u d s o n , ...............................................................
20,884 73
Loans on Bank Stock, amount on each : —
8 shares Hudson National Bank, H u d son ,......................................................
6 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

No. 8.]

SAYINGS BANK COMMISSIONERS.

275

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

Par Value.

City of Brockton, Mass., 4s, .
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s, .
of Cleveland, Ohio, 6s, .
of Columbus, Ohio, 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 5s,
of Marlborough, Mass., 4s ,
of Springfield, Ohio, 5s, .
Town of Clinton, Mass., 4s,
of Melrose, Mass., 4s, .

$25,400
5,000
5,000
4,000
5,000
7,000
5,000
2,000
5,000
10,000
5,000
12,000
10,000
$100,400

*

Estimated
Market Value.

$26,325
5,050
5,050
4,180
5,300
7,000
5,650
2,080
5,300
10,450
5,400
12,240
10,300

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

Amount Invested!

$25,400
5,000
5,000
4,000
5,000
7,000
5,000
2,000
5,000
10,000
5,000
12,000
10,000

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

$104,325 00 $100,400 00

A le g a l in v e s tm e n t w h e n m a d e .

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

23
25
25
25
25
10
50
35
25
20
25
37
4
60
60
10
52
75
50
50

Par Value.

Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston, .
North National 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 Cit}' Bank, Lynn,
People’s N’l B’k, Marlborough,


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

$2,300
2,500
2,500
2,500
2,500
1,000
5,000
3,500
2,500
2,000
2,500
3,700
400
6,000
6,000
1,000
5,200
7,500
5,000
5,000
$68,600

Estimated
Market. Value.

$2,208
2,200
2,125
1,875
3,625
1,110
4,850
3,675
3,250
‘ 1,960
2,500
3,885
344
6,360
5,220
840
5,200
9,000
8,750
5,750

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

$74,727 00

Amount Invested.

$2,200
2,500
2,500
2,000
2,500
1,000
5,000
3,500
2,500
2,000
2,500
3,700
400
6,000
6,000
700
5,200
7,500
5,000
5,000

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

$67,700 00

REPORT OF THE

276

[Pub. Doc

Hudson Savings Bank — Continued.

Detailed Statement of Railroad Bonds.
Estimated
Market Value.

$5,000
16,000
10,000
5,000
10,000
5,000
3,000
20,000
6,000
10,000
5,000

Boston & Lowell R.R 5s,
Boston & Maine R.R. 4 s ,.
Boston, Revere Beach & Lynn R.R. 6s,
Cheshire R.R. 6s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Old Colony R.R. 6s,
. . .
Upper Coos R.R. 4£s,
Troy & Boston R.R. 7s, .
St. Johnsbury & Lake Champlain
R R. 5 s , ...................................

5,000

$5,100
16,320
10,000
5,150
10,100
6,000
2,985
20,980
6,060
10,500
7,100

Amount Invested.

$5,000
16,000
10,000
5,000
10,000
5,000
2,985
20,000
6,000
10,000
5,000

00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00

5,900 00

5,000 00

$100,000 $106,195 00

$99,985 00

Total Amount of Loans, withEach SpecifiedRate of Interest.
K ate.

A m ou n t.

R ate.

2 per cent.
4
“
4è
»

$251,225 00
189,825 00
80,275 00

5 per cent.
H
“

A m ou n t.

$27,800 00
18,000 00
28,500 00

6

A m ount.

$750 00
750 00

R ate.

7 per cent.
7£
“

“

Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the s a m e , ........................................................................
Assessed value of the sa m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 311
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, dur­
ing year ending Oct. 31, 1 8 9 6 ,........................................................................
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., $1-5,456 74 1
during the year ending Oct. 31,1896,
.
( 2 per cent.,
15,770 19 )
Number of accounts opened during the year ending Oct. 31, 1896, . 470
Number of accounts closed during the year ending Oct. 31, 1896,
. 310
Total number of open accounts Oct. 31, 1896..................................
2,837


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

$41,600 06
41.600 06
36.600 00
287,850 00

41,855 79

31,226 93

No. 8.]

SAVINGS BANK COMMISSIONERS.

277

Hudson Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................$2,658 84
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 189 6 ,..........................................................................................
172,961 00
Number of s a m e ,.................................................................................2,571
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896...................................................................................................................
146,048 50
Number of same,
........................................................................1,962
Date of examination by commissioner : February 28.


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

[Pub. Doc.

REPORT OF THE

278

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.
R

obert

B

l e a k ie

,

Present number of corporators, 34.

President.
A

rth ur

A
H . Burt,

rth ur

H . B

urt

,

Treasurer.

Clerk o f the Corporation.

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

obert

H

enry

Ble
S. B

a k ie

,

W

unton

F

,

r e d e r ic k

D

N.

J.

il l ia m
a v id

T

P

Stu

e r k in s

ir r e l l

art

,

,

.

Open for business every business day, 2 to 6 p . m . ; Wednesdays and Saturdays,
7 to 9 p . m .

B

alance

Sheet O ctober

31, 1896.

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), ....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .

$9,000
30,016
106,000
5,411
244,909
108,834

00
00
00
25
95
00

31,200
16,827
530
3,934

00
32
30
56

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
D u e on mortgage
loans, .
. v .

$505,371 18
20,952 63
11,335 22
18,304 35
700 00

$556,663 38

$556,663 38

Cash on Deposit in Banks, amount in each : —
National Exchange Bank, B o s t o n , ...............................................................$3,859 06
North National Bank, B o s t o n , ........................................................................
12,968 26

Detailed Statement o f Bank Stocks.
<W t/i
O <V

§■ Ol
S
Town of Hyde Park, Mass., 4s,


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

P a r V a lue.

$9,000

E stim ated
M a rk et V a lu e.

$9,043 75

A m ou n t In vested.

$9,000 00

No. 8.]

279

SAYINGS BANK COMMISSIONERS.

Hyde Park Savings Bank — Continued.
Detailed Statement o f Public Funds.

P a r V alue.

30 Boston Nat’l Bank, Boston,
16 Columbian N’l Bank, Boston,.
20 Continental N’l Bank, Boston,
13 Freeman’s Nat’l Bank, Boston,
10 Hamilton Nat’l Bank, Boston,
21 Howard Nat’l Bank, Boston, .
20 Merchants’ N’l Bank, Boston, .
31 N’l B’k of Commerce, Boston,
13 N’l B’k of No. America, Boston,
20 N’l B’k of Redemption, Boston,
19 N’l B’k of the Republic, Boston,
13 Nat’l Exchange Bank, Boston,
17 N’l Hide& Leather B’k, Boston,
11 North National Bank, Boston,
6 Second Nat’l Bank, Boston,
27 State National Bank, Boston, .
14 First N’l Bank, Newbury port,

$3,000
1,600
2,000
1,300
1,000
2,100
2,000
3,100
1,300
2,000
1,900
1,300
1,700
1,100
600
2,700
1,400
$30,100

E stim ated
M arket V alue.

$2,688
1,536
2,010
1,131
1,060
1,840
2,900
3,487
. 1,251
2,335
2,631
1,612
1,802
1,104
1,050
2,862
1,764

75
00
00
00
00
12
00
50
25
00
50
00
00
12
75
00
00

$33,065 99

A m ount Invested.

$3,000
1,600
2,000
1,300
1,000
2,016
2,000
3,100
1,300
2,000
1.900
1,300
1,700
1,100
600
2,700
1,400

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

$30,016 00

Detailed Statement o f Railroad Bonds.

P ar V a lue.

Boston & Albany R R. 4s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Fitchburg R.R. 4<£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 7s,
Old Colony R.R. 6s,.
St. Johnsbury & Lake Champlain
R.R. 5s,
...................................
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,


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

$11,000
5,000
5,000
8,000
10,000
29,000
5,000
18,000
10,000
5,000

E stim ated
M ark et V alue.

$11,440
5,100
5,400
8,440
10,375
38,280
5,050

00
00
00
00
00
00
00

21,240 00
10,100 00
5,075 00

A m ou n t In vested.

$11,000
5,000
5,000
8,000
10,000
29,000
5,000

00
00
00
00
00
00
00

18,000 00
10,000 00
5,000 00

$106,000 $120,500 00 $106,000 00

280

REPORT OF THE

[Pub. Doc.

Hyde Park Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bale o f Interest.
Amount.

$16,827 32
31,200 00
16,000 00

Bate.

2

4
4h

per cent.

“
“

Amount.

$66,700 00
51,500 00

Rate.

Amount.

Rate.

5 per cent.
5h
“

$216,543 95
3,000 00

6 per cent.
6i
“

Value, by books, of real estate held or owned by foreclosure or otherwise,
$5,411 25
Assessed value of the s a m e ,.................................................................................
5,900 00
Number of loans which are of an amount not exceeding $3,000 each,. 184
Aggregate amount of the s a m e , ........................................................................
210,533 95
Total number of loans upon real estate....................................................... 169
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
27,005 75
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., $8,608 80 )
17,521 30
during the year ending Oct. 31, 1896, .
.
i 2 per cent.,
8,912 50 )
Number of accounts opened during the year ending Oct. 31, 1896,
615
Number of accounts closed during the year ending Oct. 31, 1896,
468
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,007
Total expenses of the corporation for the year ending Oct. 31,1896 (exclu­
sive of taxes)...........................................................................................................
1,792 57
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
201,595 27
Number of s a m e , .......................................................................................... 4,684
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
195,646 01
Number of s a m e , ..........................................................................................3,397
Date of examination by commissioner: January 21.


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Federal Reserve Bank of St. Louis

281

SAYINGS BANK COMMISSIONERS

No. 8.]

IN S T IT U T IO N FOR S A V IN G S IN

NEW BUEYPOET

AN D

IT S V IC IN IT Y — N E W B U E Y P O E T .

Incorporated Jan. 31, 1820.
E

dw ard

S. M

oseley

G

,

Present number of corporators, 83.

President.

eorge

F. A

L
very

,

aw rence

W . P

ip e r

,

Treasure).

Clerk o f the Corporation.

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

dw ard
il l ia m

S. M

oseley

H . Sw
H

asey
enry

B.

,

L.

,

Sa m

B.

L

it t l e

C u s h in g ,

uel

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

B

alance

M

arch

,

.

Sheet O ctober

a .m

.

to 1 p

.m .

; 2.30 to 4 p . m .

31, 1896.
L ia b il it ie s .

A ssets.

Public funds as per schedule, . $1,373,000 00
862,970 00
Bank stock as per schedule,
13,130 00
Loans on bank stock, .
924.000 00
Railroad bonds as per schedule,
25.000
00
Loans on railroad bonds, .
175.000 00
Railroad notes, .
.
.
.
Real estate (for banking pur­
10.000 00
poses),
....................................
866,612 00
Loans on real estate, .
1,512,955 46
Loans on personal security,
Loans to counties, cities or towns
182,161 63
(notes), .
.
.
.
•
94,272 84
Deposits in banks, on interest, .
1,429 09
Cash on hand,
.
.
.
.
$6,040,531 02

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

$5,678,325 14
285,000 00
77,205 88

$6,040,531 02

Cash on Deposit in Banks, amount in each : —
Amesbury National Bank, Amesbury,
National Revere Bank, Boston, .
Essex National Bank, Haverhill,
First National Bank, Newbury port, .


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

$15,000
26,764
25,000
27,508

00
29
00
55

[Pub. Doc

REPORT OF THE

282

Institution for Savings in N e wtouryport, etc. — Continued.
Loans on Bank Stock, amount in each: —
3 shares Mechanicks’ National Bank, Newburyport,
.
.
.
.
1 share Mechanicks’ National Bank, Newburyport,
.
.
.
•?
4 shares Columbian National Bank, B o s t o n , .............................................>
78 shares Merchants’ National Bank, Newburyport,.........................
1,000
75 shares Fourth National Bank, B o s t o n ,..........................................
7,000
36 shares Second National Bank, H a v e r h i l l , ..................................
3,600
22 shares Ocean National Bank, Newburyport,.................................
900

$230 00

4qq qq
00
00
00
00

Loan on Railroad Bonds : —
$26,000 Penobscot Shore Line R .R. 4 s , ...................................................... $25,000 00

Detailed Statement o f Public Funds.

P a r V alue.

■City of Bangor, Me., 7s, .
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 Holyoke, Mass., 6s,
of Lawrence, Mass., 4s, .
of Lewiston, Me , 6s,
of Lowell, Mass , 4s,
of Lynn, Mass., 4s, .
of Lynn, Mass., 3£s,
of Manchester, N. IL, 4s,
of Nashua N. H., 4s,
of Newburyport, Mass., 4s,
of Portsmouth, N. H., 4s,
of Salem, Mass ,4 s ,.
of Somerville, Mass., 4s, .
of Springfield, Mass., 7s,
of Waltham, Mass., 4s, .
of Worcester, Mass., 3|s,
Town of Beverly, Mass., 4s, .
of Marlborough, Mass., 4s, .
of Marblehead, Mass., 4s,
of Stoughton, Mass., 4s,
of Turner’s Falls, Mass., 4 s ,.
County of Aroostook, Me., 4£,.
County of Middlesex, Mass., 4s,
-


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

$25,000
50,000
150,000
32,000
50,000
15,000
20,000
25,000
75,000
25,000
55,000
10,000
20,000
75,000
25,000
50,000
25,000
214,500
50,000
35,000
11,000
40,000
19,000
25,000
14,000
31,000
51,500
50,000
10,000
45,000
50,000

E stim ated
M a rk et V alue.

$26,750 00
50,000 00
157,000 00
33,280 00
51,500 00
15,450 00
20,400 00
26,000 00
78,250 00
27,000 00
56,200 00
11,000 00
20,200 00
77,000 00
24,875 00
50,500 00
25,250 00
218,307 50
50,500 00
35,175 00
11,110 00
47,600 00
19,190 00
25,000 00
14,280 00
31,930 00
53,037 50
51,000 00
10,300 00
47,250 00
50,000 00

A m ou n t Invested.

$25,000 00
50,000 00
150,000 00
32,000 00
50,000 00
15,000 00*
20,000 00
25,000 00
75,000 00
25,000 00
55,000 00
10,000 00
20,000 00
75,000 00
25,d00 00
50,000 00
25,000 00
214,500 00
50,000 00
35,000 00
11,000 00
40,000 00
19,000 00
25,000 00
14,000 00
31,000 00
51,500 00
50,000 00
10,000 00
45,000 00*
50,000 00

$1,373,000 $1,415,335 00 $1,373,000 00
Legal investments when made.

No. 8.]

283

SAYINGS BANK COMMISSIONERS.

Institution for Savings in Newbury port, etc. — Continued.

N o. o f

Shares.

Detailed Statement o f Bank Stocks.

122
750
31
37
300
74
240
100
270
142
250
267
508
83
173
221
500
60
258
108
286
100
150
375
208
133
100
302
100
480
200
400
69
150
250
353
60
14
108
1226
105

P ar Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston, .
Boston National Bank, Boston,
Columbian N’l Bank, Boston,.
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Mai-ket Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Com­
monwealth, Boston,
N’l B’k of No. America, Boston,
N’l B’ k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Gloucester N’l B’k, Gloucester,
First N’l Bank, Newburyport,
Mechanicks’ Nat’l Bank, New­
buryport,
.
.
.
.
Merchants’ Nat’l Bank, New­
buryport,
.
.
.
.
Ocean N’l Bank, Newburyport,


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

E stim ated

A m ou n t

M a rk et Value.

In v ested .

$12,200
75,000
3,100
3,700
30,000
7,400
24,000
10,000
27,000
14,200
25,000
26,700
50,800
8,300
17,300
22,100

$13,298
85,500
2,666
3,256
28,500
8,880
30,480
23,000
22,950
11,786
25,750
22,695
38,100
6,640
25,085
24,531

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

$12,200
75,000
3,100
3,700
30,000
7,400
24,000
10,000
27,000
14,200
25,000
26,700
50,800
8,300
17,300
22,100

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

50,000
6,000
25,800
10,800
28,600
10,000
15,000
37,500
20,800
13,300
10,000
30,200
10,000
48,000
20,000
40,000
6,900
15,000
25,000
35,300
6,000
1,400

67,500
5,820
29,670
8,100
20,020
12,200
15,750
30,000
27,040
13,034
14,900
30,200
10,500
84,000
21,600
34,400
7,314
16,050
21,000
35,653
8,100
1,764

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

50,000
6,000
25,800
10,800
28,600
10,000
15,000
37,500
20,800
13,300
10,000
30,200
10,000
48,000
20,000
40,000
6,900
15,000
25,000
35,300
6,000
1,400

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

10,800

14,256 00

10,800 00

24,520
5,250

29,424 00
5,250 00

24,520 00
5,250 00

$862,970 $936,662 00 $862,970 00

284

REPORT OF THE

[Pub. Doc.

Institution for Savings in Newburyport, etc. — Continued.
Detailed Statement o f Railroad Bonds.

P a r V alue.

.Estimated
A m ou n t In v ested.

M ark et V alue.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s,
Boston & Maine R.R, 4£s,
Concord & Montreal R.R. 4s,
Dexter & Piscataquis R.R. 4s,
Eastern R.R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 41 s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central & European & North
American R.R. 4s,
.
Old Colony R.R. 4s,
Penobscot Shore Line R.R. 4s,
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

$25,000
100,000
30,000
85,000
150,000
15,000
50,000
75,000
80,000
25,000
24,000

$25,875
102,000
30,750
96,900
151,500
15,000
60,000
74,250
79,600
25,500
24,000

00
00
00
00
00
00
00
00
00
00
00

$25,000
100,000
30,000
85,000
150,000
15,000
50,000
75,000
80,000
25,000
24,000

00
00
00
00
00
00
00
00
00
00
00

15,000
135,000
50,000
25,000
40,000

15,150
138,675
49,500
26,500
41,200

00
00
00
00
00

15,000
135,000
50,000
25,000
40,000

00
00
00
00
00

$924,000

$956,400 00

$924,000 00

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

$100
26,764
27,508
9,000
421,661
329,000

Rate.

00
29
55
00
63
00

0 per cent.
2*
“

23
H

4

41

“
“
“

Amount.

$290,500
177.000
25,000
870,003
100.000

Rate.

00
00
00
75
00

4£ per cent.
4|
“
5S
53

Amount.

$124,945
25.000
412,242
20.000
10,406

Rate.

00
00
00
00
71

Amount invested in real estate for banking purposes, .
.
.
.
.
Estimated value of the s ame, .
.
.
.
.
.
.
.
.
.
Assessed value of the same, .
.
.
.
.
.
.
.
.
.
Number of loans which are of an amount not exceeding $3,000 each,. 445
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 467
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1896...............................................................................
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

54 per cent.
5|
6
61
“
7

$

10,000 00
19.500 00
19.500 00

454,037 00

100 00
261,268 70

No. 8.]

SAVINGS BANK COMMISSIONERS.

285

Institution for Savings in Newburyport, etc. — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $109,816 82
I $219,913 60
during the year ending Oct. 31,1896,.
.
. (2percent., 110,096 78
Number of accounts opened during the year ending Oct. 31, 1896,
1,011
Number of accounts closed during the year ending Oct. 31, 1896,
. 938
Total number of open accounts Oct. 31, 1896,
.
.
.
.
11,857
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
8,659 15
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
526,348 45
ending Oct. 31, 1 8 9 6 ,..........................................................................................
Number of s a m e , .................................................................................5,730
Amount of withdrawals, including dividends, during the year ending Oct.
715,075 49
31, 1896.....................................................................................................................
Number of s a m e , .................................... ............................................ 7,496
Date of examination by commissioner: December 11,


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

286

REPORT OF THE

[Pub. Doc.

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 IT S
V IC IN IT Y — BOSTON.
Incorporated Feb. 22, 1825.
John D . W

il l ia m s

R

President.
o b e r t G. M

Present number of corporators, 42.

,

o l in e t j x ,

R o b e r t G. M o l i n e t j x , Treasurer.
Clerk o f the Corporation.

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

alter

H . Cow

th erton

T.

B

in g

,

John D . W

kow n,

W

il l ia m

Open for business every business day except Saturdays, 9
9 a . m . t o 12 M.

B

alance

Sheet O

ctober

assets.

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Railroad bonds, .
.
.
.
Railroad notes................................
Real estate by foreclosure, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

F.

il l ia m s

D

a .m

.

a y

,

.

to 3

p .m

.

; Saturdays,

31, 1896.

L ia b il it ie s .

$903,750
3,260
205,934
1,154,000
175,000
2.500
2,520,919
1,516,800

00
00
09
00
00
00
72
00

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

$6,622,903 83
272,500 00
14,745 36
10,039 30

170,700 00

1,000 00
233.688 64
32,636 04
$6,920,188 49

$6,920,188 49

Cash on Deposit in Banks, amount in each : —
Boylston National Bank, Boston,
National Rockland Bank, Boston,
Second National Bank, Boston, .
.
Washington National Bank, Boston, .

.

.

$33,428
82,569
11,752
105,939

15
17
29
03

Loan on Public Funds: —
$2,000 City of Lowell, Mass., 4s,
$2,000 City of Cambridge, Mass., 4£s, .


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

$3,260 00

No. 8.]

SAYINGS BANK COMMISSIONERS

287

Institution for Savings in Roxbury and its Vicinity — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s.
of Chelsea, Mass., 4s,
of Fall River, Mass. 4s, .
of Fitchburg, Mass., 4s, .
of Grand Rapids, Mich., 5s,
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 4s, .
of Medford, Mass., 4s,
of Quincy, Mass., 4s,
of Rutland, Vt., 4s, .
of Waterbury, Conn., 4 s ,.
Town of Arlington, Mass., 4s, .
of Billerica, Mass., 4s, .
of Reading, Mass., 4s..
County of Hillsborough, N.H., 4s,
United States 4s,

Estimated
Market Value.

Amount Invested.

$186,000 $199,795 00
50,000
52,000 00
16,000
17,280 00
100,000
105,000 00
50,000
50,500 00
25,000
26,000 00
160,000
164,700 00
35,000
36,750 00
3,000
3,000 00
50,000
52,500 00
25,000
26,250 00
45,000
47,700 00
29,000
130,450 00
19,000
19,950 00
40,000
41,200 00
50,000
60,000 00

$186,000
50,000
16,800
100,000
50,000
25,000
160,000
36,700
3,000
53,000
25,000
48,000
30,500
20,000
40,C00
59,750

$883,000 $933,075 00

$903,750 00

00
00
00
0u
00
00
00
00
00
00
00
00
00
00
00
00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

50
60
200
30
5
25
15
21
37
150
173
257
210
55
8

52
6
50
16
510

Par Value.

Atlantic Nat'l Bank, Boston, .
Atlas National Bank, Boston, .
First National Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
National Revere Bank, Boston,
Nat’l Rockland Bank, Boston,.
North National Bank, Boston,.
People’s Nat’l Bank, Boston, .
Second Nat’l Bank, Boston,
Shoe & Leather N’J B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
Tremont Nat’l Bank. Boston, .
Washington N’l Bank, Boston,


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

$5,000
6,000
20,000
3,000
500
2,500
1,500
2,100
3,700
15,000
17,300
25,700
21,000
5,500
800
5,200
600
5,000
1,600
51,000
$193,000

Estimated
Market Value.

$5,450
6,840
46,800
3,150
440
1,925
1,695
2,919
2,590
12,000
24,393
25,700
28,980
9,625
688
5,512
642
4,400
1,344
52,020

00
00
00
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
3,580
606
2,500
2,000
2,698
4,144
15,000
19,430
25,680
21,000
5,500
872
5,993
600
5,000
1,600
58,729

00
00
00
00
25
00
00
87
00
00
00
47
00
00
00
00
00
00
00
50

$237,113 00 $205,934 09

[Pub. Doc

KEPORT OF THE

288

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,
Concord & Claremont R.R. 4£s,
Concord & Montreal R.R. 4s, .
Danbury & Norwalk R.R. 5s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R R. 4s, .
Manchester & Lawrence R.R. 4s, .
New Haven & Derby R.R. 6s,.
Old Colony R.R. 4 s ,.
Sullivan County R.R. 4s,.
Worcester, Nashua & Roch.R.R.4s,

$25,000
105,000
100,000
50,000
75,000
25,000
150,000
257,000
100,000
25,000
50,000
25,000
100,000
25,000
50,000

Estimated
Market Value.

$26,250
107,710
115,000
53,500
75,000
28,500
151,500
259,570
107,000
25,250
52,000
27,000
107,800
26,000
52,000

Amount Invested.

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

$26,000
106,000
100,000
50,000
75,000
25,000
140,000
257,000
100,000
25,000
50,000
25,000
100,000
25,000
50,000

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

$1,162,000 $1,214,080 00 $1,154,000 00
1

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

Rate.

Amount.

$233,688
15.000
30.000
442.000
25.000
310.000

64
00
00
00
00
00

2

3
3£
4
4|
4.4

per cent.
“

Rate.

Amount.

$100,000
1,077,100
140,300
1,667,310
35,000

00
00
00
80
00

4| per cent.
4i
“
4|
“
5
“
5|
“

Rate.

Amount.

$41,000
367,418
20,000
92,550
25,000

00
92
00
00
00

54 per cent.
5b.
“
5§
“
6
6*
“

$2,500
Value, by books, of real estate held or owned by foreclosure or otherwise,
2,500
Assessed value of the s a m e ,.................................................................................
58
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 323
562,187
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate,
.
.
.
.
.
.
563
Gross amount of interest or profits received or earned, as per books, dur­
293,496
ing year ending Oct. 31, 1 8 9 6 ,........................................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annual dividend | 2 per cent., $120,863 59 1 $245,147
during the year ending Oct. 31, 1896,
.
1 2 per cent., 124,283 42 J
Number of accounts opened during the year ending Oct. 31, 1896,
2,724
Number of accounts closed during the year ending Oct. 31, 1896,
2,088
Total number of open accounts Oct. 31, 1896,
.
.
.
.
16,329


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

00
00
11
00

46

01

No. 8.]

SAVINGS BANK COMMISSIONERS.

289

Institution for Savings in Roxbury and its Vicinity - Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 189 6 ,..........................................................................................
Number of s a m e ,................................................................................. 18,063
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896,
............................................................................................................
Number of same.....................................................................................15,900
Date of examination by commissioner: June 30.


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

$11,9$6 33
1,322,090 31

1,292,646 60

290

REPORT OF THE

[Pub. Doc

IP S W IC H S A V IN G S B A N K — IP S W IC H .

Incorporated March 20, 1869.

Present number of corporators, 23.

Joseph R oss, President.
T heodore F. Coggswell, Treasurer.
T heodore F. Coggswell, Clerk o f the Corporation.

Names of committee charged with the investment of its funds:

W illiam W illcomb,
Joshua B. Grant,
Robert Jordan,
Charles A . Sayward,
T homas H. Lord.

Open for business every business day, 8.30 a .m . to 12.30 p .m . ; Saturdays, 3 to 5 p.m .

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

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

31, 1896.

L ia b il it ie s .

$102,600
60,021
91,000
2,275
273,710
4,718

00
00
00
16
00
00

Deposits, .
Guaranty fund,
Interest Account,

$547,454 53
15,625 00
8,065 22

11,500 00
23,863 34
1,457 25
$571,144 75

$571,144 75

Cash on Deposit in Banks, amount in each: —
Fourth National Bank, B o s t o n , ........................................................................ $10,312 93
First National Bank, I p s w i c h , ........................................................................7,131 74
First National Bank, S alem ,.................................................................................
2,977 25
Merchants’ National Bank, S a l e m , ............................................................... 3,441 42


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Federal Reserve Bank of St. Louis

No. 8.]

291

SAVINGS BANK COMMISSIONERS

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

City of Boston, Mass., 4s,
of East Saginaw, Mich., 4£s,
of Haverhill, Mass., 4s, .
of Keene, N. H., 5s,
of Lewiston, Me , 5s,
. of Lynn, Mass., 4s, .
of Northampton, Mass., 4s,
of Providence, R. I., 5s, .
of Salem. Mass., 4s,
United States 4s,
. . .

.

$10,000
5.000
35.000
2,500
2.000
5,d00
12,500
5.000
20.000
5.000

Estimated
Market Value.

$11,000
5.400
37,250
2,625
2,240
5,350
13,000
5.400
20,980
6,000

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
5.000
35.000
2,500
2.000
5.000
12,500
5.000
20.000
5,600

00
00
00
00
00
00
00
00
00
00

$102,000 $109,245 00 $102,600 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
7
10
18
20
25
10
20
36
4
30
25
8

24
40
4
5
23
15
8
63
43
19
122
13
27
21

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Revere Bank, 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,.
National Grand Bank, Marble­
head, ..................................
Asiatic National Bank, Salem,
First National Bank, Salem, .
Mercantile Nat’ l Bank, Salem,
Merchants’ Nat’l Bank, Salem,
Nat’l Exchange Bank, Salem,
Naumkeag N’ l Bank, Salem, .
Salem Nat’l Bank, Salem,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$1,000
700
1,000
1,800
2,000
2,500
1,000
2,000
3,600
400
3,000
2,500
800
2,400
4,000
400
500
2,300
1,500

$1,145
609
1,010
2,196
1,740
2,100
1,060
1,780
5,220
450
3,510
3,462
640
3,120
6,000
700
425
3,220
1,500

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

$1,000
700
1,000
1,800
2,000
2,500
1,000
2,000
3,600
400
3,600
2,750
800
3,048
5,200
580
500
2,875
1,500

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

800
1,890
4,300
1,900
7,320
1,300
2,700
2,100

1,080
1,890
4,300
1,900
4,977
1,300
3,645
2,625

00
00
00
00
00
00
00
00

800
1,890
4,300
1,900
7,320
1,300
3,348
2,310

00
00
00
00
00
00
00
00

$55,710

$61,604 00

$60,021 00

292

REPORT OF THE

[Pub. Doc.

Ipswich Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4£s,
Boston & Lowell R.R. 5s,
Concord & Montreal R R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Maine Central R R. 4£s, .
Old Colony R.R. 4s,
. . .

Estimated
Market Value.

$10,000
1,000
10,000
15,000
10,000
25,000
20,000

$10,500
1,100
11,000
15,900
10,100
28,000
21,400

$91,000

$98,000 00

00
00
00
00
00
00
00

Amount Invested.

$10,000
1,000
10,000
15,000
10,000
25,000
20,000

00
00
00
00
00
00
00

$91,000 00

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

Amount.

$23,863 34
8,000 00

Kate.

2£ per cent.
3|
“

Amount.

$3,500 00
21,700 00

Kate,

4 per cent.
5
“

Amount.

$21,250 00
235,478 00

Rate.

5£ per cent.
6
“

$2,275 16
Value, by books, of real estate held or owned by foreclosure or otherwise, .
2,480 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each,. 216
188,353 00
Aggregate amount of the same,
.
...............................................................
Total number of loans upon real e s t a t e , ............................................. 212
2,275 16
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
27,159 42
year ending Oct. 31, 1 8 9 6 , ................................................................................
Times for the dividends fixed by the by-laws : fourth Wednesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend f 2 per cent., $10,159 72 1 20,542 08
during year ending Oct. 31, 1896,
.
.
1 2 per cent.,
10,382 36 3
Number of accounts opened during the year ending Oct. 31, 1896,
. 283
Number of accounts closed during the year ending Oct. 31, 1896,
. 249
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,080
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
1,675 48
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
91,265 12
ing Oct. 31, 1896,...................................................................................................
Number of same, ...........................................................................................1,649
Amount of withdrawals, including dividends, during the year ending Oct.
94,223 66
31, 1896.....................................................................................................................
Number of s a m e , .......................................................................................... 1,482
Date of examination by commissioner: March 17.


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Federal Reserve Bank of St. Louis

293

SAVINGS BANK COMMISSIONERS.

No. 8.]

L A W R E N C E SA V IN G S B A N K — L A W R E N C E .

Incorporated March 10, 1868.
H

e z e k ia h

Present number of corporators, 42.

P l u m m e r , President.
W

il l i a m

W

il l ia m

W . S p a l d i n g , Treasurer.

W . S p a l d i n g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H e z e k ia h P l u m m e r ,
R . H. T ew ksbury,
J o h n R . P oor ,
H . E. M a c k ,
L e w is G. H o l t .

Open for business every business day, 9

B alance

Sh eet O

a .m .

ctober

31, 1896.

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,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

to 1 p . m . ; Saturdays, 7 to 8 p . m .

$234,700
75,900
28,930
180,000

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,

$1,266,422 53
32,500 00
43,161 89

33,000 00
652,980 00
99,400 00
7,500
22,357
1,915
5,401

00
54
08
80

$1,342,084 42

$1,342,084 42

Cash on Deposit in Banks, amount in each : —
Arlington National Bank, Lawrence,............................................. .........
Pacific National Bank, L a w r e n c e ,...............................................................


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Federal Reserve Bank of St. Louis

$17,357 54
5,000 00

294

REPORT OF THE

[Pub. Doc.

Lawrence Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
5 shares Pacific National Bank, L a w r e n c e ,.............................................$380 00
80 shares Methuen National Bank, M e th u e n ,............................................. I
8 000 00
21 shares Bay State National Bank, L a w r e n c e , .................................... )
40 shares Pacific National Bank, L a w r e n c e ,.............................................
3,500 00
10 shares Lawrence National Bank, L a w r e n c e , ....................................
900 00
140 shares Arlington National Bank, L a w r e n c e , ....................................
14,000 00
10 shares Bay State National Bank, Lawrence,.............................................1
^ ^qq qq*
8 shares Andover National Bank, A n d o v e r ,............................................. f
550 00
47 shares Lawrence National Bank, Lawrence,.............................................
* This loan in excess of the limit has been reduced.

Detailed statement o f Public Funds.

Par Value.

City of Akron, Ohio, 5s, .
of Bay City, Mich., 4s,
of Bay City, Mich., 5s,
of Bridgeport. Conn., 4 s,.
of Chelsea, Mass., 4s,
of Concord, N. H., 4s,
of Dayton, Ohio, 5s,
of Dayton, Ohio, 6 s,.
of Detroit, Mich., 4s,
of Fall River, Mass., 4s, .
of Fall River, Mass , 6s, .
of Grand Rapids, Mich., 44s, .
of Grand Rapids, Mich., 5s,
of Keene, N. H., 4 s ,.
of Lowell, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, VVis., 5s, .
of Nashua, N H.,4s,
of New London, Conn., 4s,
of Portsmouth, N. 11 , 4s,
of Rutland, Vt., 4s, .
of Saginaw, Mich , 44s, .
of Springfield, Ohio, 6s, .
of Wakefield, Mass , 4 s , .
of Waltham, Mass., 4s,
Town of Danvers, Mass., 4s, .
County of Aroostook, Me.. 44s,
County of Rockingham, N. H , 4s, .


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

Estimated
Market Value.

$14,200
10,000
2,000
5,000
10,000
9,000
10,000
5,000
5,000
20,000
2,000
5,000
10,000
11,000
1,000
7,000
14,500
5.000
5,000
15,000
5,000
5,000
10,000
15,0( 0
5,000
6,000
20,000
3,000

$14,464 50
10,000 00
2,000 00
5,150 00
10,150 00
9,200 00
10,350 00
5,050 00
5,200 00
20,500 00
2,280 00
5,200 00
10,100 00
11,100 00
1,010 00
7,315 00
14,950 00
5,150 00
5,200 00
15,112 50
5,025 00
5,150 00
10,280 00
15,165 00
5,000 00
6,000 00
21,000 no
3,090 00

$234,700

$240,192 00

Legal investments when made.

Amount Invested.

$14,200 00
10,000 00
2,000 00
5,000 00
10,000 00
9,0()0 00
10,000 00*
5,000 00*
5,000 00
20,0( 0 00
2,000 00
5,000 00
10,000 00
11,000 00
1,000 00
7.000 00
14,500 00
5,000 00
5,000 00
15,000 00
5,000 00
5,000 00
10,000 00
15,000 00
5,000 00
6,000 00
20,000 00*
3,('00 00
$234,700 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

295

Lawrence Savings Bank — Continued.

Shares.

1No. of

Detailed Statement o f Bank Stocks.

20
20
55
24
16
95
15
56
20
27
54
23
10
103
59
54
58
20
20
10

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
First Ward N’l Bank, Boston,
Fourth N ational Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l 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 No. America, Boston,
National City Bank, Boston, .
N’l Hide& Leather B’k, Boston,
N’l Webster Bank, Boston,
State National Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Arlington N’l B’k, Lawrence,
Lawrence N’l B’k, Lawrence,

Estimated
Market Value.

Amount Invested.

$2,000
2,000
5,500
2,400
1,600
9,500
1,500
5,600
2,000
2,700

$2,280
1,725
6,435
2,928
2,040
11,400
1,328
4,298
2,900
• 3,038

00
00
00
00
00
00
00
00
00
00

$2,000
2,000
5,500
2,400
1,600
9,500
1,500
5,600
2,000
2,700

00
00
00
00
00
00
00
00
00
00

5,400
2,300
1,000
10,300
5,900
5,400
5,800
2,000
2,000
1,000

7,425
2,237
780
10,892
5,826
5,764
5,125
1,685
2,500
1,250

00
00
00
00
00
00
00
00
00
00

5,400
2,300
1,000
10,300
5,900
5,400
5,800
2,000
2,000
1,000

00
00
00
00
00
00
00
00
00
00

$75,900

$81,856 00

$75,900 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R 4s, .
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .
Maine Central and European &
North American R.R. 4s,
Old Colony R.R 4|s,
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4 i s , ...................................


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Federal Reserve Bank of St. Louis

$10,000
50,000
10,000
25,000
15,000
10,000
20,000
5,000

Estimated
Market Value.

$10,600
50,362
10,200
28,500
15,750
10,100
20,600
5,050

00
50
00
00
00
00
00
00

Amount Invested.

$10,000
50,000
10,000
25,000
15,000
10,000
20,000
5,000

00
00
00
00
00
00
00
00

5,000
20,000
5,000

5,050 00
20,800 00
5,350 00

5,000 00
20,000 00
5,000 00

5,000

5,500 00

5,000 00

$180,000 $187,862 50 $180,000 00

296

REPORT OF THE

[Pub. Doc,

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

$22,357 54
7,500 00
30,000 00

Rate.

3f per cent.
4
4h

“
“

Amount.

$493,700 00
31.830 00
222,580 00

Rate.

5 per cent.
5i
“
6

Amount.

$2,400 00
800 00

Rate.

6^ per cent.
7

Amount invested in real estate for banking purposes,....................................
Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, . 261
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 307
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
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., $22,770 40 1
during the year ending Oct. 31, 1896, .
.
1 2 per cent.,
23,744 57 J
Number of accounts opened during the year ending Oct. 31, 1896,
1,144
Number of accounts closed during the year ending Oct. 31, 1896,
984
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,587
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ................................................................................. 6,562
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , ................................................................................. 4,140
Date of examination by commissioner: February 4.


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Federal Reserve Bank of St. Louis

$33,000
35,000
26,875
1,465

00
00
00
08

319,455 00

63,347 18
46,514 97

4,749 71
389,539 10

377,722 98

No. 8.]

SAYINGS BANK COMMISSIONERS.

297

L E E S A V IN G S B A N K — L E E .
Incorporated March 5, 1852.

Present number of corporators, 48.

C h a r l e s C . B e n t o n , President.
J o h n L . K il b o n , rreasurer.
J o h n L . K il b o n , Clerk of the Corporation.

Names of committee charged with the investment of its funds:
C h a r l e s C. B enton,
De W
C. C. H o l c o m b e .

it t

Open for business every business day, 9

a .m .

to 3

p .m .

31, 1896.

B ala n ce Sh eet O ctober

L ia b il it ie s .

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate by 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,

S. S m i t h ,

$50,500
165,096
2,520
80,000
14,480
269,565
186,063

00
00
00
00
10
00
00

9,100
325
19,425
19,966

00
00
87
22

Deposits, .
Guaranty fund,
Interest account,

$740,381 13
37,000 00
39,660 06

$817,041 19

$817,041 19

Cash on Deposit in Banks, amount in each : —
Lee National Bank, L e e , .............................................
Pynchon National Bank, Springfield..............................
Springfield National Bank, Springfield,
Hampden Loan and Trust Co., Springfield,
Springfield Safe Deposit and Trust Co., Springfield, .

22
6,000 00

$19,966

6,157 60
4,000 00
3,268 27

Loans on Bank Stock, amount on each : —
3 shares Lee National Bank, Lee,
.
.
.
4 shares Lee National Bank, Lee,
.
.
.
.
10 shares National Security Bank, Boston, .
10 shares Berkshire Loan and Trust Co., Pittsfield,


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

.

.

$220 00
300 00
2,000 00

298

KEPOKT OF THE

[Pub. Doc.

L e e Savings B a n k — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 5s,
of Boston, Mass , 6s,
of Providence, R. I., 5s, .
of Springfield, Mass., 4s,
Town of Rockingham, Vt., 4s,
District of Columbia 5s, .
United States 5s,

Estimated
Market Value.

Amount Invested.

7,000

$1,110 00
11.300 00
10,905 00
10,200 00
2,500 00
10.300 00
7,700 00

$1,000 00
10,000 00
10,000 00
10,000 00
2,500 00
10,000 00
7,000 00

$50,500

$54,015 00

$50,500 00

$1,000

10,000
10,000
10,000
2,500

10,000

No. of
Shares.

Detailed Statement o f Bank Stocks.

60
40
40

10
30
30

20
100
10
30
60

20

100
50
30
70
70
40
26

20

30
30

10

99
70
90
40
40

Par Value.

First National Bank, Adams, .
First National Bank, Amherst,
Birmingham N’l B’k, Derby, Ct.,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Massachusetts N’l B’k, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Com­
monwealth, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston, .
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
City N’l B’k, Bridgeport, Conn.,
N ational Mahaiwe Bank, Great
Barrington, .
.
.
.
Lee National Bank, L ee,.
Adams Nat’l Bank, No. Adams,
Pittsfield Nat’l Bank, Pittsfield,
Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
Agawam N’l B’k, Springfield,


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Federal Reserve Bank of St. Louis

$6,000
4,000
4,000

1,000

3,000
3,000

2,000
10,000
1,000
3,000

6,000
2,000
10,000
5,000
3,000
7,000
7,000
4,000
2,600

2,000

3,000
3,000

1,000
9,900
7,000
9,000
4,000
4,000

Estimated
Market Value.

$7,800 00
6,000 00
6,800 00
1,090 00
3,420 00
3,000 00
1,580 00
23,000 00
1,030 00
2,400 00
6,660 00
2,700
9,700
5,750
4,140
4,900
7,350
3,200
2,548

00
00
00
00
00
00
00
00
2,120 00
3,900 00
4,800 00
1,400
16,830
8,050
13,500

Amount Invested.

$7,000 00
5,000 00
6,000 00
1,000 00
3,000 00
3,000 00
2,000 00
10,000 00
1,000 00
3,000 00
6,000 00

2,000 00
10,000 00
5,000
3,000
7,000
7,000
4,000
2,600

00
00
00
00
00
00
2,000 00
3,000 00
4,000 00

00
00
00
00

1,500 00
10,596 00
7,000 00
12,000 00

5,100 00
3,000 00

5,000 00
4,000 00

No. 8.]

299

SAVINGS BANK COMMISSIONERS.

Lee Savings Bank — Continued.

No. of

Shares.

Detailed Statement of Bank Stocks — Concluded.

30
20
40
30
30
75

Par Value.

Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield,
Pynchon N’l Bank, Springfield,
Second Nat’l Bank, Springfield,
Springfield N’l B’k,Springfield,
Housatonic Nat’l Bank, Stockbridge, .
.
.
.
.

$3,000
2,000
4,000
3,000
3,000
7,500
$149,000

Estimated
Market Value.

$4,500
2,100
4,800
3,750
3,750

Amount Invested.

$5,000
2,000
5,000
4,000
3,400

00
00
00
00
00

10,875 00

.

00
00
00
00
00

9,000 00

$191,543 00 $165,096 00

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Lowell R R. 4s,
Concord & Montreal R.R. 4s, .
Maine Central R.R. 7s, .
Old Colony R.R. 4s,.

Estimated
Market Value.

$25,000
20,000
10,000
25,000

$25,375
20,200
13,400
25,750

00
00
00
00

$80,000

$84,725 00

Amount Invested.

$25,000
20,000
10,000
25,000

00
00
00
00

$80,000 00

Total Amount of Loans, withEach SpecifiedRate of Interest.
Amount.

$28,025 87
500 00

Kate.

Amount.

Rate.

Amount.

Rate.

4 per cent.
4?
“

$303,315 00

5 per cent.

$155,158 00

6 per cent.

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31,1896,
.
.
Number of loans which are of an amount not exceeding $3,000 each, . 241
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................231
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books, during
year ending Oct 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws : May 31 and November 30.


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

$14,480 10
11,825 00
164 29
213,363 00
1,600 00
39,961 42

300

REPORT OF THE

[Pub. Doc.

Lee Savings Bank — Concluded.
Rate and amount of each semi-annual dividend $ 2 per cent., $14,084 33 )
$28,281 53
during the year ending Oct. 31, 1896, .
. ( 2 per cent.,
14,197 20 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 277
Number of accounts closed during the year ending Oct. 31, 1896,
. 248
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,179
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes).....................................................................................................
4,510 51
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31,1896,...................................................................................................
107,953 17
Number of s a m e ,...........................................................................................1.495
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
128,662 53
Number of s a m e , .......................................................................................... 1,365
Date of examination by commissioner : September 29.


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Federal Reserve Bank of St. Louis

No. 8.]

301

SAVINGS BANK COMMISSIONERS

L E IC E S T E R SA V IN G S B A N K — L E IC E S T E R .
Incorporated April 17, 1869.
L o r y S. W

a t so n ,

Present number of corporators, 41.

President.
J. C. W

P a r k m a n T . D e n n y , Treasurer.
a t so n ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L o r y S. W a t so n ,
D e x t e r K n ig h t ,
Charles A. D enny,
J o h n N. M u r d o c k ,
T h e o d o r e E . W ood co ck ,
A lo n zo B. D a v id s o n ,
E. W . C o n a n t .

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 cto b er

a .m

to 1

p .m

.;

2 to 4

p .m

.;

31, 1896.

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, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)..........................................
Deposits in banks, on interest, .
Expense account,
Premium account,

.

$215,000 00

1,000 00
44,767 79
850 00
69,000 00

Deposits, .
Guaranty fund,
Interest account,

$588,134 85
21,228 99
15,214 68

1,000 00

192,160 46
37,410 38
55,892
5,291
315
1,890

00
95
92
02

$624,578 52

[

$624,578 52

Cash on Deposit in Bank : —
Leicester National Bank, L e ic e s t e r ,............................................................... $5,291 95
Loan on Public Funds : —
$1,000 United States 4s...........................................................................................$1,000 00
Loan on Bank Stock : —
12 shares Leicester National Bank, L e ic e s t e r ,.............................................

$850 00

Loan on Railroad Bonds : —
$1,000 Rutland R .R . 6s,
$1,000 Rutland R.R. 5s,


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

$ 1,000 00

[Pub. Doc

REPORT OF THE

302

Leicester Savings B a n k — Continued.

Detailed Statement of Public Funds.
P a r V a lue.

City of Bay City, Mich., 4s, .
of Boston, Mass , 4s,
of Chelsea, Mass , 4s,
of Cleveland, Ohio, 4s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
of Dayton, Ohio, 6s,
of Fall River, Mass., 6s, .
of Kansas City, Mo., 4£s,
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass , 4s, .
of Manchester, N. IL, 6s,
of New Britain, Conn., 4s,
of Waltham, Mass., 4s, .
of Waterbury, Conn., 4s,
of Worcester, Mass., 4£s,
Town of Beverly, Mass., 4s, .
of Braintree, Mass., 4 s,.
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., 4s,

$15,000
5,000
5,000
5,000
10,000
5,000
5,000
1,000
8,000
10,000
10,000
9,000
1,000
5,000
12,000
5,000
4,000
10,000
5,000
11,000
5,000
10,000
12,000
5,000
18,000
24,000

E stim ated

A m ou n t In v ested.

M a rk et V a lue.

$15,000
5,025
5,037
5,000
10,000
5,000
5,025
1,060
8,560
10,100
10,400
9,390
1,100
5,125
12,360
5,025
4,220
10,200
5,150
11,110
5,150
10,250
12,237
5,150
18,407
24,720

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

$15,000
5,000
5,000
5,000
10,000
5,000
5,000
1,000
8,000
10,000
10,000
9,000
1,000
5,000
12,000
5,000
4,000
10,000
5,000
11,000
5,000
10,000
12,000
5,000
18,000
24,000

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

$215,000 $219,802 50 $215,000 00
*

Legal investments when made.

No. o f
Shares.

Detailed Statement of Bank Stocks.

10
30
25
15
20
12
50
15
20
20

Par Value.

Continental N’l B’ k, Boston, .
Eliot National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
National Bank of the Commonwealth. Boston,
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$1,000
3,000
2,500
1,500

$1,000
3,600
2,125
1,125

00
00
00
00

$1,150
3,610
2,635
1,770

00
00
00
04

2,000
1,200
5,000
1,500
2,000
2,000

2,700
1,164
5,250
1,200
1,960
2,000

00
00
00
00
00
00

2,100
1,346
5,954
1,925
2,000
2,425

00
00
40
00
00
00

No. 8 .]

303

SAYINGS BANK COMMISSIONERS.

Leicester Savings Bank — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks— Concluded.

50
72é
11
5
25

Par Value.

State National Bank, Boston, .
Leicester Nat’l Bank, Boston,
Millbury Nat’l Bank, Boston,.
Oxford Nat’l Bank, Oxford, .
Central N’l Bank, Worcester, .

$5,000
7,250
1,100
500
2,500
$38,050

Estimated
Market Value.

$5,300
10,875
990
525
3,375

Amount Invested.

$5,397
9,298
1,106
525
3,525

00
00
00
00
00

50
75
10
00
00

$44,767 79

$43,189 00

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s,.
Boston & Providence R.R. 4 s,.
Eastern R R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R R. 4s, .
Old Colony R.R. 4s,
. . .
Upper Coos R.R. 4s,
Vermont & Massachusetts R.R. 5s, .

$7,000
20,000
5,000
3,000
4,000
3,000
3,000
4,000
5,000
5,000
10,000
$69,000

Estimated
Market Value.

$7,047
20,400
5,175
3,600
3,960
2,985
3,060
4,000
5,150
4,750
10,600

Amount Invested.

50
00
00
00
00
00
00
00
00
00
00

$70,727 50

$7,000
20,000
5,000
3,000
4,000
3,000
3,000
4,000
5,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00
00

$69,000 00

Total Amount of Loans, withEach SpecifiedRate of Interest.
Rate. 1

Amount.

$5,291 95
55,922 00

2 per cent.
4

“

Amount.

$28,200 00
163,105 38

Rate.

4£ per cent.
5

$3,300 00
37,785 46

Number of loans which are of an amount not exceeding $3,000 each,
Aggregate amount of the s a m e ,...............................................................
Total number of loans upon real e s t a t e , .............................................
Gross amount of interest or profits received or earned, as per books,
ing year ending Oct. 31, 1 8 9 6 ,...............................................................
Times for the dividends fixed by the by-laws : June 1 and December


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

Rate.

Amount.

5£ per cent.

6

179
$178,412 84
160
dur26,787 08

1.

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

No. 8.]

SAYINGS BANK COMMISSIONERS

305

L E N O X SA V IN G S B A N K — L E N O X .

Incorporated April 4, 1890.
H

en ry

Present number of corporators, 9.

S e d g w i c k , President.

E d w a r d M cD o n a l d , Treasurer.

M. A . B r o w n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
T h om a s P o st ,
W . D. C u r t is ,

H e n r y S e d g w ic k ,
C. R . B o n d .

Open for business every business day, 9

B a l a n c e Sh e e t O cto ber

a .m

.

to 3

p .m

.

31, 1896.

L ia b il it ie s .

A ssets.

Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, not on interest,
Expense account,
Real estate,*
.

$32,039 00

1,000 00

3.000 00
123,260 00
8,800 00

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

$176,446 77
1,757 03
1,569 90
1,254 70

7,500 00
423 15
6 25
5.000 00
$181,028 40

$181,028 40

Cash on Deposit in Bank: —
Lenox National Bank, L e n o x , ........................................................................

$423 15

Loans on Bank Stock, amount on each : —
5 shares Lenox National Bank, L e n o x , ......................................................
5 shares Lenox National Bank, Lenox,
.
.
.
.
.
.
.


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

* T a k e n t o s e c u r e in d e b t e d n e s s .

$500 00
500 00

306

REPORT OF THE

[Pub. Doc.

Lenox Savings B an k— Continued.

No. o f
Shares.

Detailed Statement of Bank Stocks.
Par Value.

17 Lee National Bank, L ee,.
35 Lenox National Bank, Lenox,
15 Palmer Nat’l Bank, Palmer, .
20 Agricultural N’l B’k, Pittsfield,
19 Pittsfield N’l Bank, Pittsfield,.
10 Chapin N’l B’k, Springfield, .
14 Chicopee N’l B’k, Springfield,
10 City Nat’l Bank, Springfield, .
9 John Hancock National Bank,
Springfield, .
.
.
.
10 Pynchon N’l B’k, Springfield,.
10 Second N’l Bank, Springfield,
12 Housatonic National Bank,
Stockbridge,
10 Ware National Bank, Ware, .
18 Mechanics’ N’l B’k, Worcester,

11,700
3,500
1,500
2,000
1,900
1,000
1,400
1,000

Estimated
Market Value.

$2,890
4,375
2,175
5,200
2,850
1,150
2,100
1,350

Amount Invested

00
00
00
00
00
00
00
00

$2,805
4,220
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

945 00
1,200 00
1,250 00

1,170 00
1,475 00
1,550 00

1,200
1,000
1,800

1,800 00
1,060 00
1,530 00

2,010 00
1,200 00
1,800 00

$20,900

$29,875 00

$32,039 00

Detailed Statement of BailroadBonds.
Par Value.

Fitchburg R.R. 5s, .

$3,000

Estimated
Market Value.

Amount Invested.

$3,090 00

$3,000 00

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

$7,500 00

Bate.

4 per cent.

Amount.

$87,500 00

Bate.

5 per cent.

Amount.

$45,560 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, 1896,
.
.
Number of loans which are of an amount not exceeding $3,000 each,. 38
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 47
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: first Tuesday in January and
July.


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Federal Reserve Bank of St. Louis

Bate.

6 per cent.

$ 5,000 00
qqo 00
131 54

48 260 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

307

Lenox Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $3,153 60 j
during the year ending Oct. 31, 1896, .
.
( 2 per cent.,
3,389 86 Î
Number of accounts opened during the year ending Oct. 31, 1896,
. 100
Number of accounts closed during the year ending Oct. 31, 1896,
. 78
Total number of open accounts Oct. 31, 1 8 9 6 , .................................... 593
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,..................................................................................................
Number of s a m e , ................................................................................
. 643
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , .................................... ..................................................... 381
Date of examination by commissioner : September 30.


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

^

^g

’

49364
40,590 76

40,329 75

REPORT OF THE

308

[Pub. Doc.

L E O M IN S T E R S A 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 u r d it t , 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 ,
A. L. B u r d it t ,
C h a s . C. B o y d e n ,
C l e sso n K e n n e y ,
D. C . N ic k e r s o n .

Open for business every business day except Saturdays, 9
Saturdays, close at 12 m .

a .m .

to 12 m . ; 1 to 3 p m . ;

B a l a n c e S h e e t O c t o b e r 31, 1896.

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

$ 101,000
62,710
5,100
29.500

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,

$974,905 78
48,000 00
28,984 57

24.000 00
626,562 15
138,250 00
48.500 00
407 00
5,406 37

10.000 00
454 83

$1,051,890 35

$1,051,890 35

Cash on Deposit in Bank: —
Leominster National Bank, Leominster............................................................. $15,406 37
Loans on Bank Stock, amount on each: —
50 shares Leominster National Bank, Leominster,
25 shares Central National Bank, Lynn,


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

$3,100 00
2,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS

309

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

P a r V alue.

City of Brockton, Mass., 4s, .
of Chicago, 111., 4s, .
of Fall River, Mass., 4s, .
of Meriden, Conn., 4s,
of Quincy, Mass., 4s,
Town of Leominster, Mass , 4s,
of Peabody, Mass., 4s, .
of Reading, Mass., 4s, .

$8,000
25.000
11.000
10,000
10,000
21,000
6,000
10,000
$101,000

E stim ated

A m ount In v ested.

M a rk et V a lu e.

$8,240
26,000
11,165
10,200
10,400
21,315
6,330
10,450

00
00
00
00
00
00
00
00

$8,000
25.000
11.000
10,000
10,000
21,000
6,000
10,000

00
00
00
00
00
00
00
00

$104,100 00 $101,000 00

Shares.

' N o. o f

Detailed Statement o f Bank Stocks.

3
62
15
27
20
25
34
61
10
9
20
30
17
50
2
1
80
160
20

P a r V alue.

Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Globe National Bank, Boston,
Market Nat’l Bank, Boston,
N’ l B’k of Commerce, Boston,
N’l B’k of the Commonwealth,
Boston.
.
.
.
.
N’l B’k of No. America, Boston,
National Eagle Bank, Boston,
Nat’l Webster Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Winthrop Nat’l Bank, Boston,
Safety Fund N’l B’k, Fitchburg,
Leominster National Bank,
Leominster, .
.
.
.
Crocker N’l B’k,Turner’s Falls,


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Federal Reserve Bank of St. Louis

E stim ated
M a rk et V a lue.

A m ou n t Invested.

$300
6,200
1,500
2,700
2,000
2,500
3,400
6,100
1,000
900

$258
5,580
1,875
3,159
2,000
3,050
2,720
5,124
765
1,008

00
00
00
00
00
00
00
00
00
00

$285
5,890
1,500
2,700
2,000
2,500
2,890
5,480
850
900

00
00
00
00
00
00
00
00
00
00

2,000
3,000
1,700
5,000
200
100
8,000

3,750
2,880
1,190
5,075
172
131
8,000

00
00
00
00
00
00
00

2,000
3,000
1,445
5,000
170
100
8,000

00
00
00
00
00
00
00

16,000
2,000

17,600 00
2,400 00

16,000 00
2,000 00

$64,600

$66,737 00

$62,710 00

310

REPORT OF THE

[Pub. Doc.

Leominster Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

P a r V a lu e.

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

E stim ated
M a rk et V alue.

A m ou n t In v ested.

$15,000
10,000
5,000

$15,500 00
10,000 00
5,500 00

$15,000 00
9,500 00
5,000 00

$30,000

$31,000 00

$29,500 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
A m ou n t.

$5,406 37
48,500 00

K ate.

A m o u n t.

R a te.

A m ou n t.

2^ per cent.
4

$455,647 00
34,360 00

5 per cent.
5£
“

$280,312 15

K ate.

6 per cent.

Amount invested in real estate for banking purposes,....................................
Estimated value of the same,.................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each,. 424
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , .............................................426
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 3 1 ,1 8 9 6 ,.................................................................................
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., $18,020 93 >
during the year ending Oct. 31, 1896, .
.
i 2 per cent.,
18,801 99 )
Number of accounts opened during the year ending Oct. 31, 1896,
. 546
Number of accounts closed during the year ending Oct. 31, 1896,
. 440
Total number of o ien accounts Oct. 31, 1896,
.
.
.
.
3,369
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of t a x e s ) , ...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e ,.......................................................................................... 2,646
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
Number of s a m e , .......................................................................................... 2,480
Date of examination by commissioner: March 13.


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

$24,000
24.000
17.000
1,346

00

00
00
76

429,930 78

48,555 14
36,822 92

2,973 08
202,168 47

207,163 46

No. 8.]

311

SAYINGS BANK COMMISSIONERS

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.

Present number of corporators, 36.

Bradley C. W hitcher, President.
James E . Crone, Treasurer.
A ugustus E. Scott, Clerk o f the Corporation.

Names of committee charged with the investment of its funds:

Leonard A . Saville,
W alter W ellington,
Lyman Lawrence,
E dwin S. Spaulding,
B radley C. W hitcher.

Open for business Wednesdays, 3.30 to 6 p. m . ; Saturdays, 3.30 to 7 p -m .

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

A

L ia b il it ie s .

ssets.

Public funds as per schedule,
Loans on public funds,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad bonds, .
Real estate (for banking purp o s e s ) , ....................................
Real estate bv 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, .
.
.
.

31, 1896.

$30,000 00
25,000 00

2,000 00

39,500 00

2,000 00
6,557
4,665
215,962
41,565

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

$369,243 75
12,850 00
4,661 42
2,582 50

52
80
00
00

12,000 00
8,578 55
65 85
1,442 95
$389,337 67

$389,337 67

Cash on Deposit in Bank : —
Fourth National Bank, Boston.............................................................................$8,578 55
Loan on Public Funds : —
$8,000 City of Alleghany, Pa., 4 s , ...............................................................1
$20,000 Town of Attleborough 4 s , ...................................................... * 1


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

^5,000 00
’

312

REPORT OF THE

[Pub. Doc

Lexington Savings Bank — Continued.
Loan on Bank Stock : —
15 shares Merchants’ National Bank, B o s t o n , ....................................
10 shares National Bank of North America, Boston, .
.
.
.
Loan on Railroad Bond : —
$2,000 Eastern R.R. 6s

, ................................................................................. $2,000 00

Detailed Statement o f Public Funds.

P a r V a lu e.

City of Cleveland, Ohio, 5s, .
of Concord, N. H., 4s,
of Milwaukee, Wis., 5s, .
Town of Lexington, Mass., 4s,
County of Aroostook, Me., 4£s,

E stim ated
M ark et V a lu e.

$5,000
5.000
5.000
10,000
5.000
$30,000

$5,275
5,200
5,350
10,500
5,250

00
00
00
00
00

$31,575 00

A m ou n t Invested,

$5,000
5.000
5.000
10,000
5.000

00
00
00
00
00*

$30,000 00

* A legal investment when made.

Detailed Statement of Railroad Bonds.

P a r V alue.

Boston & Lowell R.R 4s,
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R. 6s,
Cheshire R.R. 6s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Lowell & Lawrence R.R, 6s, .
Maine Central R.R. 4^s, .
Portland & Ogdensburg R.R. 6s,

$6,000
10,000
2,000
1,000
5.000
5.000
2.000
3,500
5,000
$39,500

E stim ated
M a rk et V alue.

$6,090
11,300
2,000
1,025
5,050
5,150
2,000
3,675
5,300

00
00
00
00
00
00
00
00
00

$41,590 00

A m ou n t In v ested .

$6,000
10,000
2,000
1,000
5.000
5.000
2.000
3,500
5,000

00
00
00
00
00
00
00
00
00

$39,500 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
A m ou n t.

$8,578 55
9,000 00

R ate.

3 per cent.
4i
“


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

A m ou n t.

$35,604 50
9,800 00

R a te.

A m ou n t.

5 per cent.

$244,122 50

R ate.

6 per cent.

No. 8.]

SAYINGS BANK COMMISSIONERS.

313

Lexington 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 other

$6,557 52
6,557 52

6,100 00

4,665 80
wise.........................................................................................................
5,500 00
Assessed value of the s a m e ,...............................................................
85 37
Net income received from same during year ending Oct. 31, 1896,
106
Number of loans which are of an amount not exceeding $3,000 each,
162,082 50
Aggregate amount of the s a m e , ......................................................
99
Total number of loans upon real estate..............................................
Gross amount of interest or profits received or earned, as per books, during
20,090 51
year ending Oct. 31, 1896......................................................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annual dividend dur- j
per cent., 8,326 15 |
15,260 00
ing year ending Oct. 31, 1896,
.
.
.
.
| 2 per cent., 6,933 85 j
. 149
Number of accounts opened during the year ending Oct. 31, 1896,
. 81
Number of accounts closed during the year ending Oct. 31, 1896,
1,252
Total number of open accounts Oct. 31, 1896,
.
.
.
.
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
976 74
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
84,189 10
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ................................................................................ 1,238
Amount of withdrawals, including dividends, during the year ending Oct.
74,633 89
31, 1896...................................................... ..............................................................
Number of s a m e , ......................................................................................... 802
Date of examination by commissioner: January 17.


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

314

REPORT OF THE

|
”Pub. Doc

L O W E L L F IV E CENTS S A V IN G S B A N K — L O W E L L .
Incorporated April 12 , 1854.

Present number of corporators, 64.

W i l l i a m S . S o u t h w o r t h , President.

A u s t i n K . C h a d w i c k , Treasurer.

A u s t i n K . C h a d w i c k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G e o r g e F. P e n n i m a n ,

A l b i o n C. T a y l o r ,

A rth u r Staples,

A u s t in K . C h a d w ic k ,

S a m u e l H . T h o m pson .

Open for business every business day, 9

a .m

. to 1 p . m . ; Saturdays, 7 to 9 p . m .

B a l a n c e Sh e e t O c to ber

A ssets.

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

31, 1896.

L ia b il it ie s .

$179,620
19,550
75.000
30.000

00
00
00
00

65,000
1,050,652
605,325
36,358
575
3,523

00
67
00
31
67
50

$1,920,273 68
82,000 00

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

63,331 47

$2,065,605 15

$2,065,605 15

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, B o s to n ,.............................................
Prescott National Bank, Lowell, .
.
.
.
.
.
.
.
.
Middlesex Safe Deposit and Trust Company, Lowell,
.
.
.
.

$184 92

31 173 39
5,000 00

Loans on Bank Stock, amount on each: —
23
7
14
34
10
3
15
15

44
9
25

shares Prescott National Bank, L o w e l l , .............................................
shares Old Lowell National Bank, L o w e ll,............................................ I
shares Appleton National Bank, Lowell,
.
.
..
.j
shares Rollstone National Bank, Fitchburg,.........................................
shares Railroad National Bank, L o w e l l , .............................................
shares Old Lowell National Bank, Lowell,
.
.
.
,
.
.,
shares First National Bank, Lowell,
.
...................................... I
shares Railroad National Bank, L o w e l l , .............................................
shares Merchants’ National Bank, L o w e ll,............................................. .
shares Prescott National Bank, L o w e l l , .............................................I
shares Railroad National Bank, Lowell......................................................j


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

J

$2,600 00
2,000 00
400 00
2,200 00

7,800 00

No. 8.]

315

SAYINGS BANK COMMISSIONERS.

Low ell Five Cents Savings Bank — Continued.
26 shares Prescott National Bank, L o w e l l , ............................................. ]
4 shares Old Boston National Bank, B o sto n ,............................................. I.
1 share Blackstone National Bank, B o s t o n ,.............................................I
1 share National Webster Bank, B o s t o n , ............................................. J
10 shares Blackstone National Bank, B o s t o n ,.............................................
10 shares Railroad National Bank, L o w e l l , .............................................

$3,000 00
550 00

1,000 00

N o. o f

Shares.

Detailed Statement o f Bank Stocks.

44
33
40
52
70
50
20
5
50
60
50
20
40
10
40
20
90
100
10
50
30
17
51
27
40
5
25
5
60
20
61
35
20
85
35
100
135
78
20

P a r V alue.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
N’l B’k of Commerce, Boston,
Nat’l Bank of the Commonwealth, Boston, .
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, ,
Nat’l Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
National Union Bank, Boston,
North National Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B'k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’l B’k, Boston, .
First National Bank, Lowell, .
Merchants’ N’l Bank, L ow ell,.
Old Lowell N’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, L ow ell,.


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

E stim ated

A m o u n t In v ested .

M a rk et V alue.

$4,400
3,300
4,000
5,200
7,000
5,000
2,000
500
5,000
6,000
5,000
2,000
4,000
1,000
4,000

$5,016
2,838
3,560
6,448
7,000
6,050
1,600
645
4,350
5,040
5,250
1,760
3,000
1,450
4,480

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

$4,400
3,300
4,000
5,200
7,000
5,000
2,000
500
5,000
6,000
5,000
2,000
4,000
1,000
4,000

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

2,000
9,000
10,000
1,000
5,000
3,000
1,700
5,100
2,700
4,000
500
2,500
500
6,000
2,000
6,100
3,500
2,000
8,500
3,500
10,000
13,500
7,800
2,000

2,740
8,640
11,600
1,380
3,900
2,100
2,108
5,406
2,160
5,200
500
4,375
540
5,160
2,120
6,527
2,940
2,020
14,025
5,075
12,000
19,575
10,140
2,600

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

2,000
9,000
10,000
1,000
5,090
3,000
1,700
5,100
2,700
4,000
500
2,500
500
6,000
2,000
6,100
3,500
2,000
11,305
3,500
12,075
16,740
9,000
2,000

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

$170,300

$191,318 00

$179,620 00

316

REPORT OF THE

[Pub. Doc.

Lowell Five Cents Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

P a r V a lue.

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

E stim ated
M a rk et Value.

A m ou n t In v ested .

$20,000
40.000
15.000

$20,600 00
42,050 00
15,900 00

$20,000 00
40.000 00
15.000 00

$75,000

$78,550 00

$75,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
A m o u n t.

$184
31,173
30,000
103,500

R ate.

92
39
00
00

24 per cent.
3
“
4
“
4£
“

A m ou n t.

$303,500
82,800
928,526
30,000

00

00
67
00

R ate.

A m o u n t.

4^ per cent.
4|
“
5
“
5|
“

$113,900 00
25,000 00
93,301 00

R ate.

5£ per cent.
5|
“

6

Amount invested in real estate for banking purposes,.................................... $65,000 00
Estimated value of the s a m e , ........................................................................
65,000
Assessed value of the s a m e ,.................................................................................
56,420
Net income received from same during year ending Oct. 31, 1896,
.
.
276
Number of loans which are of an amount not exceeding $3,000 each, 317
.............................................
439,126
Aggregate amount of the same,
.
Total number of loans upon real e s t a t e , ............................................. 373
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896......................................................................................
88,693
Times for the dividends fixed by the by-laws: first Saturday in January
and July.

00
00
46
67

80

Rate and amount of each semi-annual dividend J 2 per cent., $32,929 721
on
during the year ending Oct. 31, 1896, .
.
( 2 per cent.,
35,385 28^ bS,dl& ° °
Number of accounts opened during the year ending
Oct. 31, 1896,2,325
Number of accounts closed during the year ending
Oct. 31, 1896,1,796
Total number of open accounts Oct. 31, 1896,
.
.
.
.
8,785
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
...................................................... ............................................
6,830 84
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896.....................................................................................................
432,684 48
Number of s a m e , ................................................................................. 12,718
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
318,020 79
Number of same..............................................................................
q 354
Date of examination by commissioner: June 1.


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

No. 8.]

317

SAYINGS BANK COMMISSIONERS.

L O W E L L IN S T IT U T IO N F O E S A V IN G S — L O W E L L .
Incorporated Feb. 20, 1829.

Present number of corporators, 50.

A. St . John Chambre, President.
George J. Carney, Treasurer.
George J. Carney , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :

George S. Motley,
F rederick Taylor,
James W . B. Shaw ,
George J. Carney ,
John J. Colton.

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.si. to 2 p. m . ;
Saturdays, 7 to 9 p. m.

B a la n c e Sh e e t O ctober

L ia b il it ie s .

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Reconstruction account,

31, 1896.

$65,000 00
173,200 00
13,150 00
20,334 06
2,094,467 00
1,391,745 37

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

$4,678,189 51
229,710 00
21,653 53
89,284 01

1,169,330 00
75,000 01
16,610 61
$5,018,837 05

$5,018,837 05

Cash on Deposit in Banks, amount in each: —
Merchants’ National Bank, L o w e l l , ...............................................................
Wamesit National Bank, L o w e l l , ...............................................................

$0 01
75,000 00

Loans on Bank Stock, amount on each : —
140 shares Wamesit National Bank, Lowell,
10 shares Prescott National Bank, Lowell,
31 shares Railroad National Bank, Lowell,
16 shares Prescott National Bank, Lowell,


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

$9,000 00
3,500 00
650 00

318

[Pub. Doc

REPORT OF THE

Low ell Institution for Savings — Continued.
Detailed Statement o f Public Funds.

Par Value.

$65,000

District of Columbia 5s, .

Estimated
Market Value.

Amount Invested.

$65,000 00

$65,000 00

No of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

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 Nat’l Bank, Boston,
160 First National Bank, Lowell, .
107 Merchants’ N’l Bank, Lowell, .
171 Railroad Nat’l Bank, Lowell, .

$14,200
34,400
17,400
16,100
47,300
16,000
10,700
17,100

Estimated
Market Value.

$13,358
50,568
11,832
24,311
82,302
28,000
16,050
22,914

00
00
00
00
00
00
00
00

Amount Invested.

$14,200
34,400
17,400
16,100
47,300
16,000
10,700
17,100

00
00
00
00
00
00
00
00

$173,200 $249,335 00 $173,200 00

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

Rate.

Amount,

$132,155
84.000
240,400
91,500
48.000

38
00
00
00
00

2
3
3è
3§

per cent.
“
“
“

H

“

Amount.

$993,930
158,500
1,322,050
75,000

00
00
00
00

Rate.

Amount.

Rate.

4 per cent.
4i
“
4i
“

$210,000 00
1,270,665 00
112,000 00
5,492 00

4| per cent.
5
“
5é
“
6
“

4 .1 5

it

Amount invested in real estate for banking purposes,.................................... $20,334 06
Estimated value of the s a m e , ........................................................................
20,334
Assessed value of the same,
........................................................................
42,350
Net income received from same during year ending Oct. 31, 1896,
.
.
1,977
Number of loans which are of an amount not exceeding $3,000 each, 123
Aggregate amount of the s a m e , ........................................................................
197,732
Total number of loans upon real e s t a t e , ............................................. 210
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
200,903
Times for the dividends fixed by the by-laws : first Saturday in May and
November.


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

06
00
46
00

42

No. 8.]

SAYINGS BANK COMMISSIONERS.

319

L ow ell Institution for Savings — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $87,423 66
during the year ending Oct. 31, 1896, .
.
1 2 per cent.,
89,150 42
Number of accounts opened during the year ending Oct. 31, 1896,
1,607
Number of accounts closed during the year ending Oct. 31, 1896,
1,546
Total number of open accounts Oct. 31, 1896,
.
.
.
.
11,604
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of same.............................................................................................. 11,142
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e , ........................................................................................ 12,034
Date of examination by commissioner : April 13.


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

t

$176,574 08

14,498 23
661,187 00

755,783 71

[Pub. Doc.

REPORT OF THE

320

L U D L O W S A V IN G S B A N K — L U D L O W .
Incorporated Feb. 23, 1888.

Present number of corporators, 39.

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 ,

W . S. C o l w e l l ,
A . H. H a l f o r d ,

M . H . L yo n s .

Open for business every business day, 10 a .m . to 12 m . ; 1 to 3
Fridays, 7.30 to 9 p . m .

B

a la n ce

Sh

eet

Octo ber

; Wednesdays and

31, 1896.

L ia b il it ie s .

A sse ts.

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,
Safe and furniture,
Insurance account,
Cash on hand, .
.
.
.

p .m .

i
$ 1,100
4,152
47,760
6,179

00

5,600
2,519
69
70
7
410

00
30
30

50
86*
00

$67,083 47
779 92
5 22

Deposits, .
Guaranty fund,
Interest account,

00
00
65
$67,868 61

$67,868 61
* This amount has since been brought within the limit fixed by statute.

Cash on Deposit in Banks, amount in each : —
Pynchon National Bank, Springfield..................................................................
Springfield Safe Deposit and Trust Company, Springfield,
. . .
Springfield National Bank, S p r in g f ie l d ,......................................................

$296 41
192 84
2,030 05

N o. o f

Shares.

Detailed Statement o f Bank Stocks.

10

P a r V alue.

City National Bank, Holyoke,


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

$1,000

E stim ated
M ark et V alue.

$1,000 00

A m o u n t In v ested .

$1,100 00

No. 8.]

321

SAYINGS BANK COMMISSIONERS

Ludlow Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Connecticut River R.R. 4s,
Fitchburg R R. 5s, .
.
.
.
Portland & Rumford Falls R R. 6s,

Estimated
Market Value.

Amount Invested.

$1,000
2,000
1,000

$1,000 00
2,040 00
1,050 00

$1,000 00
2,102 50
1,050 00

$4,000

$4,090 00

$4,152 50

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

A m ou n t.

$2,519 30
23,200 00

K ate.

4 per cent.
5
“

A m ou n t.

$14,100 00

R ate.

5^ per cent.

A m ou n t.

$22,239 86

K ate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, . 90
Aggregate amount of the s a m e , ........................................................................
$56,039 86
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 8 9 6 ,........................................................................;
3,493 07
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of each semi-annual dividend i 2 per cent., $1,191 22 1
2,457 70
during the year ending Oct. 31, 1896, .
.
1 2 per cent.,
1,266 48 i
Number of accounts opened during the year ending Oct. 31, 1896,
. 165
Number of accounts closed during the year ending Oct. 31, 1896,
. 134
Total number of open accounts Oct. 31, 1896............................................ 562
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
...................................................................................................
659 32
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896.....................................................................................................
28,385 69
Number of s a m e , .................................................................................1,416
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
24,853 32
Number of s a m e , .........................................................................................495
Date of examination by commissioner: September 2.


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

322

REPORT OF THE

[Pub. Doc

L Y N N F IV E CENTS S A V IN G S B A N K — L Y N N .
Incorporated May 15, 1855.

Present number of corporators, 72.

R o l l in E. H a r m o n , President.
H e n r y E. N e w h a l l , Treasurer.
H e n r y E. N e w h a l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R o l l in E. H a r m o n ,
H e n r y A. P e v e a r ,
J a m e s S. N e w h a l l ,
C harles H . N e w h a l l ,
R ufu s K i m b a l l .

Open for business every business day, 9

B

a lan ce

Sh

eet

a .m .

O c to b er 31, 1896.

A ssets.

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad bonds, .
Railroad notes, .
.
.
.
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 t i t l e s ,....................................
Cash on hand, .
.
.
.

to 1 p . m . ; Saturdays, 3 to 6 p . m .

L ia b il it ie s .

$302,217
914,500
171,547
13,575
43,000
89,000
50.000

50
00
97
00
00
00
00

33,661
1,674
1,168,312
720,550

99
84
34
00

48.000
28,807
3,077
35
14,663

00
97
74
21
77

$3,602,624 33

Deposits, .
Guaranty fund,
Profit and loss account, .
Interest and payments
on mortgages held
as collateral, .

$3,322,346 84
166,500 00
113,636 13
141 36

$3,602,624 33

Cash on Deposit in Banks, amount in each : —
Market National Bank, Boston, .
Merchants’ National Bank, Boston,
National Bank of the Republic, Boston,
National City Bank, L y n n ,....................................


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

$8,859
10,039
1,142
8,766

90
61
45
01

No. 8.J

323

SAYINGS BANK COMMISSIONERS.

Lynn Five Cents Savings Bank — Continued.
Loans on Public Funds, amount on each
$6,000 Grand Rapids, Mich., 4£s,
$2,000 Cleveland, Ohio, 5s,
$2,000 Cleveland, Ohio, 4s,
} $125,000 00*
$500 United States 4s, .
$113,000 Kansas City, Mo., 4^s,
$2,000 Chicago, 111., 4^s, .
$13,000 Waterbury, Conn., 4s,
$3,000 Barre, V t., 4s,
j- 50,000 00*
$10,000 Terre Haute, Ind., 4s,
$12,000 Cleveland, Ohio, 6s,
i
$13,000 Certificates of Deposit of lie Shoe and L ather NT Bank Boston
$21,000 Canton, Ohio, 5s, .
$17,000 Haverhill, Mass., 4s,
$34,000 Dubuque, Iowa, 4s,
! 155,000 00*
$45,000 Lowell, Mass., 4s, .
$7,000 New London, Conn., 4s,
$1,000 Leominster, Mass., 4s,
$34,000 United States 4s,
$175,000 Cambridge, Mass., 4s,
} 180,'000 00
$10,000 Cleveland, Ohio, 4s,
$11,000 Manchester, N. H., 4s,
$2,600 Norridgewock, Me , 6s,1
$8,000 Belfast, Me., 4s,f •
)- 32,000 00*
$1,000 Minneapolis, Minn., 4s,
$1,000 Middleborough, Mass., 4s,
$10,500 Certified Check on Shawmut National ank Boston,
J
125,000 00*
$130,000 Kansas City, Mo., 4£s,
16,000 00
$20,000 Bay City, Mich., 4s,
$24,500 Medford, Mass., 4s (notes),
$4,000 Sioux City, Iowa, 4£s,
35,500 00*
$5,000 Haverhill, Mass., 4s,
$2,000 Woburn, Mass., 4s,
$14,000 United States 4s, .
$5,000 Somerville, Mass , 4s,
$1,000 Portsmouth, N. H ., 4s,
$13,000 Ipswich, Mass., 4 s,.
$23,000 Melrose, Mass., 4s,
[ 89,000 00
$13,000 Revere, Mass., 4s, .
$5,000 Foxborough, Mass., 4s,
$6,000 Everett, Mass., 4 s ,.
$6,000 Attleborough, Mass., 4s
$10,000 Wakefield, Mass., 4s,
$28,000 Youngstown, Ohio, 5s,
$2,000 United States 4s,
I 57,000 00*
$3,000 New Haven, Conn , 3^s
$25,000 Boston, Mass., 4s, .
$42,000 Alleghany, Pa., 4s,
^ 50,000 00*
$9,000 Cambridge, Mass., 4s,

I

J

Loans on Bank Stock, amount on each : —
2 shares Railroad National Bank, Lowell,
16 shares National City Bank, Lynn, .

$175 00
1,600 00

* Additional collateral has since been obtained on these loans in excess of the legal limit,
■f Legal collateral since substituted.


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

324

REPORT OF THE

[Pub. Doc

Lynn Five Cents Savings Bank — Continued
5 shares Lynn National Bank, Lynn,
10 shares Security Safe Deposit and Trust Co , Lynn,
60 shares Security Safe Deposit and Trust Co., Lynn,
100 shares City National Bank, Lynn,
20 shares National Exchange Bank, Boston,
2 shares First National Bank, Lynn,

800 00
5,400 00
5,000 00

100 00

Loans on Railroad Bonds, amount on each : —
$14,000 Fitchburg R.R. 4s.................................................
$11,000 Maine Central R .R. 4 s , ....................................
$18,000 Fitchburg R .R. 4 s , .............................................
$5,000 Fitchburg R .R. 5 s , .............................................
$19,000 Boston & Maine R.R. 4£s,
.
.
.
.
$26,000 Maine Central R .R . 4s, .
.
.
.

J

$23,000 00
18,000
5,000
18,000
25,000

00
00

00
00

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 3ès,
of Chicago, 111., 4s, .
of Chicago, 111., 7s, .
of Cleveland, Ohio, 5s, . •
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 4s, .
of Lynn, Mass., 4 s,.
of Manchester, N. H ., 4s,
of Milwaukee, Wis., 5s, .
of Newton, Mass., 5s,
of Pawtucket, R. I ., 5s, .
of Peoria, 111., 4js, .
of Rockford, 111., 4is,
Town of Framingham, Mass., 4s, .
District of Columbia 7s, .
United States 4s,
. . .
United States 5s,

$10,000
25,000
1,000
51,355
15,000
5,000
12,000
1,000
22,000
5,000
5,000
10,000
21,000
4,000
15,000
50,000
50,000
$302,355

Estimated
Market Value.

$10,000
25,250
1,035
51,730
15,600
5,050
12,120
1,030
22,735
5,500
5,100
10,400
21,640
4,080
17,100
59,250
55,750

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

Amount Invested.

$9,862
25,000
1,000
51,355
15,000
5,000
12,000
1,000
22,000
5,000
5,000
10,000
21,000
4,000
15,000
50,000
50,000

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

$323,370 00 $302,217 50

* A legal Investment when made.

Detailed Statement o f Bank Stocks.
O. sS
o <5
X

37
14
17
154

Par Value.

Blackstone N’l Bank, Boston,.
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston, .
Continental N ’l Bank, Boston,


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

$3,700
1,400
1,700
15,400

Market Value.

$3,182
1,736
1,615
15,400

00
00
00
00

Amount Invested.

$3,700
1,400
1,700
17,116

00
00
00
50

No. 8.]

325

SAYINGS BANK COMMISSIONERS

Lynn Five Cents Savings Bank — Continued.

No. o f
Shares.

Detailed, Statement o f Bank Stocks — Concluded.
Par Value.

25 Freeman’s Nat’l Bank, Boston,
88 Globe National Bank, Boston,
26 N’l B’k of No. America, Boston,
253 N’l B’k of Redemption, Boston,
42 N’l B’k of the Republic, Boston,
23 Nat’l Exchange Bank, Boston,
7 N’l Hide & Leather B’k, Boston,
69 Nat’l Revere Bank, Boston,
127 National Union Bank, Boston,
30 North National Bank, Boston,
15 Shoe & Leather N’l B’k, Boston,
63 Tremont Nat’l Bank, Boston, .
30 Winthrop N’l Bank, Boston, .
50 Georgetown National Bank,
Georgetown,
78 Central National Bank, Lynn,
61 First National Bank, Lynn,
276 National City Bank, Lynn,

Estimated
Market Value.

Amount Invested.

$2,500
8,800
2,600
25,300
4,200
2,300
700
6,900
12,700
3,000
1,500
6,300
3,000

$2,125
7,304
2,522
29,095
5,796
2,806
735
5,520
16,510
3,000
1,290
5,292
3,900

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

$2,250
7,920
2,418
30,000
4,200
2,957
682
6,900
15,500
3,000
1,500
6,300
3,000

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

5,000
7,800
6,100
27,600

5,400
11,700
7,930
45,540

00
00
00
00

5,000
9,613
6,850
39,539

00
97
00
50

$148,500 $178,398 00

$171,547 97

Detailed Statement o f Railroad Bonds.
Par Value.

Boston, Revere Beach & Lynn R.R. 6s,
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .
Old Colony R.R. 6s,
. . .
Portland & Ogdensburg R.R. 6s,

Estimated
Market Value.

Amount Invested.

$11,000
9.000
7.000
6.000
10,000

$11,000
9,225
7,070
6,060
10,700

00
00
00
00
00

$43,000

$44,055 00

$11,000
9.000
7.000
6.000
10,000

00
00
00
00
00

$43,000 00

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

Amount.

$11,182
8,766
8,859
314.000
50,000
149.000

06
01
90
00
00
00

2 per cent.
2d
“
3
4
4j
4i

«
“
“
“


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

Rate.

Amount.

$194,650
75,000
389,082
29,500
1,138,120

00
00
00
00
34

4i per cent.
4|
“
5
“
54
“
5h
“

Rate.

Amount.

$25,000
589,685
15,000
10,400
24,500

00
00
00
00
00

5| per cent.

6

64
6d
7

“
“

326

REPORT OF THE

[Pub. Doc.

Lynn Five Cents Savings Bank — Concluded.
Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the s a m e , ........................................................................
Assessed value of the sam e,.................................................................................
Net income received from same during year ending Oct. 31, 1896, .
.
Value, by books, of other real estate held or owned by foreclosure or other­
wise, .....................................................................................................................
Assessed value of the sam e,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 953
Aggregate amount of the s a m e ,........................................................................
Total number of loans upon real e s t a t e , .................................... 1,003
Gross amount of interest or profits received or earned, as per books, during
the year ending Oct. 31, 1 8 9 6 ,........................................................................
Times for the dividends fixed by the by-laws : June 30 and December 31.
Rate and amount of each semi-annual dividend ( 2 per cent., $60,486 40 1
during the year ending Oct. 31, 1896,
.
. 1 2 per cent., 62,500 18 i
Number of accounts opened during the year ending Oct. 31, 1896,
2,945
Number of accounts closed during the year ending Oct. 31, 1896,
2,635
Total number of open accounts Oct. 31, 1896...................................
17,887
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
.................................................................................
.
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896...................................................................................................
Number of s a m e ,.................................................................................
20,334
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of s a m e ,.........................................................................................17,736
Date of examination by commissioner: March 30.


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

$33,661
34,000
32,100
1,255

99
00
00
94

1,674 84
12,500 00
832,727 34

168,647 87

9gg 53

^
’

9,47660
711,661 36

721,617 28

No. 8.]

327

SAYINGS BANK COMMISSIONERS

L Y N N IN ST ITU T IO N - FOR S A V IN G S — L Y N N .

Incorporated June 20, 1826.

Present number of corporators, 60.

P h i l i p A. C h a s e , President.
D. H . S w e e t s e r , Treasurer.
D. H. S w e e t s e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
P h il ip A . C h ase,
W i l l i a m B a s se t t ,

A mos F . B r e e d ,
J o se p h B . B r e e d .

Open for business every business day, 9

a .m

.

to 1 p . m . ; Saturdays, 2.30 to 5.30

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

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure, .
Loans on real estate,
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

p

.m .

31, 1896.

L ia b il it ie s .

$848,980-00
190,900 00
17,550 00
345,500 00
75.000 00
30.000
1,582
1,535,704
943,653

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

$3,907,300 36
190,000 00
202,607 09
8,524 53

00
04
00
00

154,750 00
135,773 25
29,039 69
$4,308,431 98

$4,308,431 98

Cash on Deposit in Banks, amount in each: —
First National Bank, L y n n ,................................................................................. $21,735 87
Lynn National Bank, L y n n , ........................................................................
25,000
Manufacturers’ National Bank, Lynn,...............................................................
15,000
National Security Bank, L y n n , ........................................................................
20,000
Shawmut National Bank, B o s t o n , ............................................. .........
.
54,037


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

00
00
00
38

328

[Pub. Doc

REPORT OF THE

Lynn Institution for Savings — Continued.
Loans on Bank Stock, amount on each: —
20 shares First National Bank, L yn n ,............................................................. $2,000
00
30 shares First National Bank, L y n n ,..............................................................
3,000 00
70 shares Fourth National Bank, B o s t o n ,......................................................
6,500 00
30 shares Security Safe Deposit and Trust Company, Lynn,
.
.
.
2,500 00
200 00
2 shares Central National Bank, Boston..........................................................
25 shares Security Safe Deposit and Trust Company, Lynn,
.
.
.
2,500 00
8 shares National Exchange Bank, B o s t o n , ............................................. )
ggQ
3 shares Atlantic National Bank, Boston, .
.
.
.
.
.
.
i

Detailed ¡Statement o f Public Funds.

P a r V alue.

City of Boston, Mass., 3^s,
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Brockton, Mass., 4s,
of Cambridge, Mass., 4 s ,.
of Cambridge, Mass., 6s,.
of Chicago, 111., 4s, .
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 5s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s,
of Detroit, Mich., 4s,
of Detroit, Mich , 7s,
of Fitchburg, Mass., 4s, .
of Hartford, Conn , 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Lewiston, Me., 6s,
of Lvnn, Mass.. 4s, .
of Milwaukee, Wis., 5s, .
of Nashua, N H., 4s,
of New Bedford, Mass., 6s,
of New Haven, Conn , 7s,
of Newton, Mass., 4s,
of Peoria, 111., 4£s, .
of Providence, R, I., 6s, .
of Salem, Mass., 5s,.
of Somerville, Mass., 5£s,
of Taunton, Mass., 4s,
Town of Northbridge, Mass ,5s,
of Peabody, Mass., 4s, .
o f South Abington, Mass., 4s,
County of Hampden, Mass., 3s,
District of Columbia 6s, .
United States 4s,
. . .
United States 5s,
. . .


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

E stim ated
M ark et V alue.

$10,000

$9,900
70,915
6,780
13,000
31,300
11,390
50,000
3,000
24,350

68,000
6,000

13,000
30,000

10,000

50,000
3,000
24,350

10,000

10,000

25,000
68,080

24,750
68,980
22,680

25,000
35,000
25,000

26,000
35,000
25,000

115,550
35,000

115,550
37,150
20,400

20,000
10,000

10,100

10,000

20,000

11,000

6,000

5,000

10,000
10,000
20,000
10,000
2,000
10,000

11,300
10,300
20,500
10,600
2,140

28,000
9,000

28,280
9,400

5,000

5,000
9,500
24,750
29,000
55,500

11,200

20,000

20,000
10,000
22,500
25,000
50,000
$849,480

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

$880,715 00

* Legal investments when made.

A m ou n t In v ested.

$10,000 00
68,000 00
6,000 00
13,000 00
30,000 00
10,000 00
50,000 00
3,000 00
24,350 00
10,000 00*
25,000 00*
68,080 00
20,000 00
10,000 00
25,000 00
35,000 00
25,000 00
10,000 00
115,550 00
35,000 00
20,000 00
5,000 00
10,000 00
10,000 00
20,000 00
10,000 00
2,000 00
10,000 00
28,000 00
9,000 00
20,000 00
5,000 00
9,500 00
22,500 00
25,000 00
50,000 00
$848,980 00

No. 8.]

SAYINGS BANK COMMISSIONERS

329

Lynn Institution for Savings — Continued.

N o. o f
Shares.

Detailed Statement o f Bank Stocks.

P a r V alue.

58
36
89
45
54
25
15
25
34
118
55
50

$5,800
3,600
8,900
4,500
5,400
2,500
1,500
2,500
3,400
11,800
5,500
5,000

Atlantic Nat'l Bank, Boston, .
Blackstone N’l Bank, Boston,.
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Freeman’s N’l Bank, Boston, .
Mt. Vernon N’l Bank, Boston, .
N’ l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
100 Nat’l Rockland Bank, Boston, .
92 National Union Bank, Boston,.
59 New England N’l B’k, Boston,
75 Second National Bank, Boston,
20 Shawmut Nat’ l Bank, Boston,
15 Winthrop Nat’l Bank, Boston,
301 Central Nat’l Bank, Lynn,
430 First National Bank, Lynn, .
213 National City Bank, Lynn,

10,000
9,200
5,900
7,500

2,000

1,500
30,100
43,000
21,300

E stim ated
M a rk et V alue.

$6,322
3,096
8,455
4,500
4,266
5,750
1,275
2,600
3,298
16,284
6,710
5,250
14,000
11,960
8,791
13,125
2,160
1,950
45,150
55,900
35,145

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 Invested.

$5,800
3,600
8,900
4,500
5,400
2,500
1,500
2,500
3,400
11,800
5,500
5,000

10,000
9,200
5,900
7,500

2,000

1,500
30,100
43,000
21,300

00
00
00
00
00
00
00
CO
00
00
00
00
00
00
00
00
00
00
00
00
00

$190,900 $255,987 00 $190,900 00
Detailed Statement o f Railroad Bonds.

P ar V a lue.

Boston & Albany R.R. 5s,
Boston & Maine R.R. 4£s,
Boston & Providence R.R. 4 s,.
Boston, Concord & Montreal R.R. 6s,
Boston, Revere Beach & Lynn R.R. 6s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R R. 4s, .
Maine Central R.R. 7s, .
New Haven & Derby R.R 6s,
New York, Providence & Boston
R.R. 7s.............................................
Old Colony R.R. 4|s,
Old Colony R.R. 6s, .
Portland & Ogdensburg R.R. 6s, .
Portsmouth, Great Falls & Conway
R.R. 4às...........................................
Providence & Worcester R.R. 6s, .
Troy & Boston R.R. 7s, .


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

$10,000
25,000

20,000

19,000
40,000
35,000
36,500
25,000
24,000

20,000
30,000
25,000

8,000
10,000
3,000
5,000

10,000
$345,500

E stim ated
M ark et V alue.

A m ou n t Invested.

$10,600
28,500
20,700
22,800
40,000
35,350
43,800
24,750
32,160
21,300

00
00
00
00
00
00
00
00
00
00

$10,000 00
25,000 00
20,000 00
19,000 00
40,000 00
35,000 00
36,500 00
25,000 00
24,000 00
20,000 00

32,100
25,000
8,180
10,700

00
00
00
00

30,000 00
25,000 00
8,000 00
10,000 00

3,300 00
5,050 00

3,000 00
5,000 00
10,000 00

10,000 00

$374,290 00 $345,500 00

330

REPORT OF THE

[Pub. Doc.

Lynn Institution for Savings — Concluded.
Total Amount o f Loans, with Each Specified Rale o f Interest.

A m ou n t.

$21,735
30,000
74,500
137,500
3,000

K ate.

87
00
00
00
00

2

3|
4

H

per cent.
“
«
“

A m ou n t.

$134,250
95,000
1,357,956
638,326

Hate.

00
00
38
00

4è per cent.
4J
»
5
«
5h

A m ou n t.

$25,000 00
334,262 00
10,000 00
900 00

Hate.

5| per cent.

6

6i|

“

7

“

Amount invested in real estate for banking purposes........................................
$30,000
Estimated value of the same,.................................................................................
40.000
Assessed value of the s a m e ,.................................................................................
30.000
Net income received from same during year ending Oct. 31, 1896,
2,158
Value, by books, of other real estate held or owned by foreclosure or other­
wise,
.....................................................................................................................
1,582
Assessed value of the s a m e ,.................................................................................
1,650
Number of loans which are of an amount not exceeding $3,000 each, 470
Aggregate amount of the s a m e , ........................................................................
693,491
Total number of loans upon real e s t a t e , ............................................. 589
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
204,195
Times for the dividends fixed by the by-laws : May 1 and November 1.
Rate and amount of each semi-annual dividend i 2 per cent., $71,044 98 )
143,772
during the year ending Oct. 31, 1896, .
.
1 2 per cent.,
72,727 82 J
Number of accounts opened during the year ending Oct. 31, 1896,
1,406
Number of accounts closed during the year ending Oct. 31, 1896,
1,229
Total number of open accounts Oct. 31, 1896,
.
.
.
.
10,949
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
............................................. .........
9,345
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896................................................ .....................................................
620,760
Number of s a m e , ................................................................................. 10,001
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
608,570
Number of same.......................................................................................10,342
Date of examination by commissioner: March 6.


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

00
00
00
33
04
00
00

42
80

61
00

69

N o . 8 .]

S A Y IN G S

BANK

8 31

C O M M IS S IO N E R S

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, 38.
F r a n c is A . S h o v e , Treasurer.

J a m e s P ie r c e , President.

F r a n c is A . S h o v e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J a m e s P ie r c e ,

E v e r e t t J. S t e v e n s ,

A. G . H i l l ,
A . F. S a r g e n t ,

J. P. H o l d e n ,
F. F. S i l l i m a n .

Open for business every business day, 8.30
7 to 8.30

a .m

.

p .m

.

to 1

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

p .m

.;

Saturdays, for deposits,

31, 1896.
;

A

ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans to Commonwealth of
Massachusetts (notes), .
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

-

L ia b il it ie s .

$186,500
75.000
54.000
28,100
67.000
1,533,398
418,439

00
00
00
00
00
00
00

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

$2,363,392 88
73,000 00
5,666 14
70,888 92

38.000 00
25.000
83,393
639
3,477

00
68
53
73

$2,512,947 94

$2,512,947 94

Cash on Deposit in Banks, amount in each : —
Continental National Bank, B o s t o n ,............................................................... $25,000 00
Freeman’s National Bank, B o s t o n , ...............................................................
15,954 15
First National Bank, Malden...............................................................................
42,439 53
Loans on Public Funds, amount on each: —
$25,000 City of Boston .......................................................................................... $25,000 00
$50,000 United States 4 s , .................................................................................
50,000 00
Loans on Bank Stock, amount on each: —
5
9
250
20
2
4

shares First National Bank, M a l d e n ,......................................................
shares First National Bank, M a l d e n ,......................................................
shares National Bank of the Commonwealth, Boston, .
.
.
.
shares Third National Bank, Boston............................................................J
shares Blackstone National Bank, B o s t o n ,.............................................r
shares Union Market National Bank, Watertown,
. .
•
.1


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

$590 00
990 00
25,000 00
2,000 00

3 32

REPORT

OF

THE

[P u b . D o c

Malden Savings Bank — Continued.

Detailed Statement of Public Funds.
P a r V alue.

City of Bangor, Me , 6s, .
of Boston, Mass., 3£s,
of Fall River, Mass., 6s, .
of Malden, Mass., 3fs,
of Malden, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Newton, Mass , 5s,
Town of Clinton, Mass., 4s,
of Ipswich, Mass., 4s, .
of Orange, Mass., 4s,
County of Aroostook, Me., 4^s,

$5,000
1,000
5.000
33.000
100,000
15,500
5.000
1.000
10.000
1,000
10,000

E stim ated
M a rk et V alue.

$5,800
990
5,900
33,000
101,500
15,725
5,500
1,020
10,300
1,010
10,500

00
00
00
00
00
00
00
00
00
00
00

A m ount Invested.

$5,000
1,000
5.000
33.000
100,000
15,500
5.000
1.000
10.000
1,000
10,000

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

$186,500 $191,245 00 $186,500 00
*

A le g a l in v e s tm e n t w h e n m a d e .

K o. o f
Shares.

Detailed Statement of Bank Stocks.

23
20
25
8
15
25
10
11
30
13
12
55
28
73
20
7
5
14
10
16
47
5
68

P a r Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Freeman’s N’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,
Howard JNat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Rockland Bank, Boston,.
North National Bank, Boston,
Old Boston N’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, Malden,


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

$2,300
2,000
2,500
800
1,500
2,500
1,000
1,100
3,000
1,300
1,200
5,500
2,800
7,300
2,000
700
500
1,400
1,000
1,600
4,700
500
6,800
$54,000

E stim ated
M a rk et V a lue.

$2,517
2,280
2,500
960
3,450
2,125
1,020
935
4,350
1,443
1,164
6,325
1,960
8,906
2,100
560
700
1,400
1,050
1,728
4,982
420
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

$62,875 00

A m ou n t Invested.

$2,300
2,000
2,500
800
1,500
2,500
1,000
1,100
3,000
1,300
1,200
5,500
2,800
7,300
2,000
700
500
1,400
1,000
1,600
4,700
500
6,800

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

$54,000 00

N o . 8 .]

S A Y IN G S

BANK

3 33

C O M M IS S IO N E R S .

Malden Savings Bank — Concluded.

Detailed Statement of Railroad Bonds.
P a r V alue.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s ,.
Concord & Claremont R.R. 44s,
Concord & Montreal R.R. 4s, .
Old Colony R.R. 6s,.
Portsmouth, Great Falls & Conway
R.R. 4 4 s , ...................................
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

E stim ated
M a rk et V a lu e.

00
00
00
00
00

A m ount In v ested.

$3,000
3,000
10,000
25,000
1,000

$3,030
3,060
10,300
25,250
1,010

$3,000
3,000
10,000
25,000
1,000

00
00
00
00
00

15,000

16,500 00

15,000 00

10,000

11,800 00

10,000 00

$67,000

$70,950 00

$67,000 00

Total Amount of Loans, withEach SpecifiedRate of Interest.
A m ou n t.

$15,954 15
42,439 53
103,500 00

R ate.

A m ou n t.

R ate.

2 per cent.
24
“
4
“

$200,000 00
731,286 00
321,000 00

44 per cent.
5
“
54
“

A m ou n t.

$762,151 00
15.000 00
10.000 00

R a te.

6 per cent.
64
“
7

Number of loans which are of an amount not exceeding $3,000 each, 657
Aggregate amount of the s a m e , ........................................................................ $880,807
Total number of loans upon real e s t a t e , .............................................796
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896, .................................................................................
120,335
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., $42,133 91 1
85,773
during the year ending Oct. 31, 1896,
.
. 1 2 per cent.,
43,639 77 i
Number of accounts opened during the year ending Oct. 31, 1896,
1,450
Number of accounts closed during the year ending Oct. 31, 1896,
1,087
.
.
.
.
8,525
Total number of open accounts Oct. 31, 1896,
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of ta x es),..................................................................................................
7,273
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
680,259
Number of s a m e , ........................................................................................ 11,926
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896,
.
...................................................................................................
606,123
Number of s a m e , .......................................................................................... 9,541
Date of examination by commissioner: April 28.


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

00

69

68

36
32

27

334

REPORT

OF

THE

[P u b . D o c .

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, 50.

N. P. S a n b o r n , President.
W i l l i a m G i l l e y , Treasurer.
E v e r e t t P a i n e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
N . P . San bo rn ,
W

il l ia m

R

eyn o ld s,

Ja m e s

H en ry A . P o tter,
S a m u e l D . S m it h ,
N. P a r k e r .

Open for business every business day, 9 a . m . to 12 m . ; Saturdays, 6 to 8 p

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

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate 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,
.
.
.
.

m.

31, 1896.

L ia b il it ie s .

$53,000
58,272
2,100
74,000
15,284
151,849
160,890

00
04
00
00
60
00
75

21,000
11,002
1,200
3,242

00
30
47
72

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

$551,841 88

$523,025 82
14,467 35
13,586 49
762 22

$551,841 88

Cash on Deposit in Bank: —
Marblehead National Bank, M arblehead,...................................................... $11,002 30
Loan on Bank Stock: —
22 shares National Grand Bank, M a rb le h e a d ,............................................. $2,100 00*
* This loan, in excess of the legal limit, has since been reduced.


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

N o . 8 .]

S A Y IN G S

BANK

335

C O M M IS S IO N E R S

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

P a r V alue.

City of Bangor, Me., 6s, .
.
of Cleveland, Ohio, 5s, .
of Indianapolis, Imi., 4s, .
of Portsmouth, N H., 4s,
Town of Marblehead, Mass., 4s,
County of Aroostook, Me., 4£s,

E stim ated
M ark et V alue.

$8,440
1,000
10,200
10,100
14,280
10,500

$8,000
1,000
10,000
10,000
14.000
10.000
|53,000

00
00
00
00
00
00

$54,520 00

A m ou n t In v ested .

$8,000
1,000
10,000
10.000
14.000
10.000

00
00
00
00
00
00*

$53,000 00

* A legal investment when made.

N o of

Shares.

Detailed Statement o f Bank Stocks.

20
31
25
5
9
25

20

19
25
29
24
32
4
25
25
21
58
8
54
38

P a r V alue.

Blackstone Nat’l Bank, Boston,
Bo}’ lston Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Market National Bank, Boston,
Merchants’ N’l Bank, Boston, .
Mt. Vernon N’l Bank, Boston,
N’l B’ k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k,Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Marblehead Nat’l Bank, Marblehead.
.
.
N’l Grand Bank, Marblehead,


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

$2,000
3,100
2,500
500
900
2,500
2,000
1,900
2,500
2,900
2,400
3,200
400
2,500
2,500
2,100
5,800
800

E stim ated
M ark et V a lue.

$1,720
3,844
2,500
515
675
3,625
2,080
2,109
2,425
3,335
3.312
3,360
320
2,500
2,700
1,806
6,148
1,064

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

A m ou n t In v ested .

$2,000
3,839
2,687
591
900
3,331
2,505
2,440
2,778
4,067
3,072
3,744
400
3,056
3,084
2,100
6,300
800

00
50
50
25
00
25
20
00
12
25
00
00
00
25
37
00
45
00

5,400
3,800

5,400 00
4,370 00

5,935 75
4,639 15

$49,700

$53,808 00

$58,272 04

336

REPOET

OF

THE

[P u b . D o c .

Marblehead Savings Bank — Concluded.

Detailed Statement of Railroad Bonds.
P a r V alue.

Boston & Lowell R.R 4s,
Boston & Maine R.R. 4s,
Fitchburg R.R. 44s, .
.
.
.
Fitchburg R.R 5s, .
Maine Central R.R. 44s, .
Upper Coos R.R. 4s,
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................

$10,000
7,000
5,000
20,000
10,000
5,000

E stim ated
M ark et V a lu e.

$10,100
7,175
5,000
21,035
10,600
4,750

00
00
00
00
00
00

A m ou n t In v ested .

$10,000
7,000
5,000
20,000
10,000
5,000

00
00
00
00
00
00

15,000

17,700 00

17,000 00

$72,000

$76,360 00

$74,000 00

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

A m ou n t.

$11,002 30

10,000 00
.20,600 00

2 per cent.
4
44

«

A m ou n t.

$ 21,000 00
73,750 00

Rate.

4| per cent.
5

Rate.

A m ou n t.

$67,850 00
142,639 75

54 per cent.
“

6

Value, by books, of real estate held or owned by foreclosure or otherwise,
$15,284 60
Assessed value of the same, .
........................................................................
18,000 00
Number of loans which are of an amount not exceeding $3,000 each,
99
Aggregate amount of the s a m e , ........................................................................
90,130 75
Total number of loans upon real e s t a t e , ............................................. 104
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
25,706 99
Times for the dividends fixed by the by-law's: May 1 and November 1.
Rate and amount of each semi-annual dividend ( 2 per cent., $9,513 43 1
19,199 25
during the year ending Oct. 31, 1896, .
.
1 2 per cent.,
9,685 82 I
Number of accounts opened during the year ending Oct. 31, 1896,
. 202
Number of accounts closed during the year ending Oct. 31, 1896,
. 203
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,148
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of ta xe s),...................................................................................................
721 61
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
78,056 00
Number of same.......................................................................................1,431
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
82,069 06
Number of s a m e , ................................................................................. 1,486
Date of examination by commissioner: June 4.


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

\

N o . 8 .]

S A Y IN G S

BANK

337

C O M M IS S IO N E R S .

M AR LB O R O U G H S A V IN G S B A N K — M AR LB O R O U G H .

Incorporated April 3, 1860.

Present number of corporators, 120.

S. H e r b e r t H o w e , President.
C h a r l e s F. H o l y o k e , Treasurer.
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:
S. H e r b e r t H o w e ,
in s l o w M. W a r r e n ,

W

B e n ja m in

L o r im a n S. B r i g h a m ,
W i l l i a m D. B u r d e t t ,
F. G r e e l e y .

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

B a la n ce Sh e e t O ctober

to 12

m.

; 2 to 4

p .m .

;

31, 1896.

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,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

a .m .

$487,155 00
201,400 00
177,066 80
56,074
17,070
890,171
73,567

90
87
00
50

77,000
75,490
3,251
3,521

00
01
35
70

$2,061,769 13

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

$1,924,926 20
80,298 38
18,817 42
37,727 13

$2,061,769 13

Cash on Deposit in Banks, amount in each: —
First National Bank, M a rlb o ro u g h ,...............................................................$32,942 78
People’s National Bank, M a r l b o r o u g h ,......................................................
42,547 23


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

338

REPOET

OF

THE

[P u b . D oc

Marlborough Savings Bank — Continued.

Detailed Statement ofPublic Funds.
P a r V a lue.

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 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 Newton, Mass., 4s,
of Newton, Mass., 5s,
of Springfield, Mass., 7s,
of Waltham, Mass., 4s, .
of Waterbury, Conn., 4s,
of Worcester, Mass., 3ès,
of Worcester, Mass., 4s, .
Town of Arlington, Mass., 4s,
of Athol, Mass., 4s,
of Attleborough, Mass., 4s, .
of Chicopee, Mass., 4s, .
of Clinton, Mass., 4s, .
of Great Barrington, Mass., 4s,
of Leominster, Mass., 4s,
of Melrose, Mass., 4s, .
of Pawtucket, R. I., 4s, .
of Pawtucket, R. I., 5 s,.
of Peabody, Mass., 4s, .
of Wakefield, Mass , 4s,
of Weymouth, Mass., 4s,
of Wellesley, Mass., 4s,
of Winchester, Mass., 4s,
County of Middlesex, Mass., 4s,
United States 6s,


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

$40,000
11,000
15,000
5,000
1,000
10,000
5,000
23,000
10,000
20,000
10,000
20,000
7,000
12,000
10,000
42,000
18,000
2,000
1,000
15,000
5,000
5,000
5,000
7,000
5,000
10,000
15,000
9,000
5,000
15,000
10,000
3,000
10,000
15,000
10,000
8,000
15,000
15,000
20,000
20,000

E stim ated
M ark et V a lue.

$41,462
12,320
15,602
5,250
1,140
10,225
5,300
24,000
10,175
20,531
10,137
20,650
8,260
12,330
10,375
43,540
18,775
2,210
1,010
15,060
5,150
4,950
5,325
7,280
5,200
10,350
15,577
9,300
5,200
15,600
10,400
3,030
10,250
15,562
10,265
8,315
15,124
15,387
20,340
20,600

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

A m ou n t In v ested.

$40,000
11,000
15,000
5,000
1,000
10,000
5,000
23,000
10,000
21,050
10,000
20,000
7,000
12,000
10,000
42,000
19,050
2,000
1,000
15,000
5,000
5,000
5,000
7,000
5,000
10,000
15,000
9,000
5,000
15,000
10,000
3,000
10,000
15,000
10,000
8,000
15,000
15,000
20,630
20,425

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

$484,000 $501,557 00 $487,155 00
Legal investment» when made.

N o . 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E K S

339

Marlborough Savings Bank — Continued.

N o. o f

Shares.

Detailed Statement of Bank Stocks.

80
33
50
12
88
45
62
70
12
40
50
25
35
70
50
50
10
15
64
42
150
50
76
75
15
60
25
50
50
50
65
33
70
40
30
15
30
97
100
14
16

P a r V alue.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston,.
Continental N ’l Bank, Boston,
Eliot National Bank, Boston,.
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
Fourth Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston, .
Mt Vernon N ’l Bank, Boston,
N’l B’k of Commerce, Boston,.
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union 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,
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
First National Bank, Clinton, .
First National Bank, Lynn,
First N’l Bank, Marlborough,
People’s N’l B’k, Marlborough,
Newton Nat’l Bank, Newton, .
City Nat’l Bank, Worcester, .


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

$8,000
3,300
5,000
1,200
8,800
4,500
6,200
7,000
1,200
4,000
5,000
2,500
3,500
7,000
5,000
5,000
1,000
1,500
6,400
4,200
15,000
5,000
7,600
7,500
1,500
6,000
2,500
5,000
5,000
5,000
6,500
3,300
7,000
4,000
3,000
1,500
3,000
9,700
10,000
1,400
1,600
$201,400

E stim ated
M ark et V alue.

$9,120
2,846
4,481
1,497
8,844
5,490
4,960
9,095
1,440
3,480
4,200
2,650
3,066
7,000
3,837
7,250
1,038
1,687
6,152
4,903
20,775
3,900
5,320
9,300
1,590
4,800
3,256
4,937
5,412
4,300
6,890
3,531
6,186
3,370
3,930
1,875
4,080
10,451
11,500
1,155
2,320

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
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 o u n t In v e s te d .

$8,000
3,300
5,000
1,200
8,800
4,500
6,200
7,000
1,200
4,000
5,000
2,500
3,500
7,000
5,000
5,000
1,000
1,500
6,400
4,200
15,000
5,000
7,600
7,500
1,500
6,000
2,500
5,000
5,000
5,000
6,500
3,300
7,000
4,000
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
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$211,914 00 $201,400 00

KEPORT

340

OF

[P u b . D o c

THE

Marlborough Savings Bank — Continued.

Detailed Statement of RailroadBonds.
E stim ated
P a r V alue.

Boston & Albany R R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s,.
Boston & Providence R.R. 4 s ,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Maine Central R.R. 4^s, .
N. Y., Providence & Boston R.R. 7s,
Old Colony R.R. 4s,
. . .
Old Colony R.R. 4£s,
Old Colony R.R. 6s,
. . .
Portland & Ogdensburg R.R. 6s,
Providence & Worcester R.R. 6s, .
Upper Coos R.R. 4£s,
Worcester, Nashua & Roch. R.R. 4s,

$20,000
15,000
15,000
5,000
10,000
20,000
5,000
5,000
40,000
3,000
3,000
10,000
5,000
11,000
10,000
$177,000

M a rk et V a lue.

$20,800
15,312
15,300
5,150
10,100
20,000
5,250
5,300
41,200
3,135
3,030
10,600
5,075
11,000
10,150

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

$181,402 00

A m ou n t In v ested.

$20,000
15,000
15,000
5,000
10,000
20,000
5,000
5,000
40,000
3,000
3,016
10,000
5,050
11,000
10,000

00
00
00
00
00
00
00
00 .
00
00
80
00
00
00
00

$177,066 80

Total Amount of Loans, withEach SpecifiedRate of Interest.
R a te.

A m ou n t.

R ate.

2£ per cent.
4
“
4f
“

$187,875 00
203,525 00

4^ per cent.
5

A m ou n t.

$75,490 01
77,500 00

20,000 00

R a te.

A m ou n t.

$28,615 00
523,423 50

6

per cent.
“

$56,074 90
Amount invested in real estate for banking purposes,....................................
56,074 90
Estimated value of the s a m e , ........................................................................
41,065 00
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate held or owned by foreclosure or
17,070 87
o th erw ise,............................................................................................................
18,975 00
Assessed value of the same.....................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 586
598,950 30
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 622
Gross amount of interest or profits received or earned, as per books, dur­
94,313 21
ing year ending Oct. 31, 1896..............................................................................
Times for the dividends fixed by the by-laws: third Wednesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend J 2 per cent., $34,419 55 J 69,799 33
during the year ending Oct. 31, 1896, .
. 1 2 per cent.,
35,379 78 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 918
Number of accounts closed during the year ending Oct. 31, 1896,
. 678
Total number of open accounts Oct. 31, 1896,
.
.
.
.
5,646


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

N o . 8 .]

S A V IN G S

BANK

C O M M IS S IO N E K S .

3 41

Marlborough Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),.
.
.................................................................................
Amount of deposits, not including dividends, received during the year end­

$4,968 38

ing Oct. 31, 1896,..................................................................................................
Number of s a m e , ...........................................................................................
Amount of withdrawals, including dividends, during the year ending Oct.

347,650 00

31, 1896....................................................................................................................
Number of s a m e , .................................................................................7,133
Date of examination by commissioner: April 2.


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

303,452 86

342

REPORT

OF

THE

[P u b . D o c .

M E C H A N IC S ’ S A V IN G S B A N K — H O L Y O K E .
Incorporated March 16,1872.
L

emuel

Present number of corporators, 39.

President.

Sears,

E

dw ard

W . Ch

a p in

,

C h a r l e s B. P r e s c o t t , Treasurer.
Clerk o f the Corporation.

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

osw ell

L

em uel

P . Crafts,

J o e l S . 'W

Sears,

H

enry

ebber

E. G

,

aylo rd

Open for business every business day except Saturdays, 9 a . m . to 4
a . m . to 12 m . ; Thursdays, 7 to 8 p . m .

.

p .m

.

; Saturdays, 9

B alance Sheet October 31, 1896.

A

sse ts.

L ia b il it ie s .

Bank stock as per schedule,
Other stock (Albion Paper Co.),*
Loans on bank stock,.
Furniture and fixtures,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand.................................

$59,606 50

20,000 00

31,237
2,407
7,600
698,748
222,034
1,087
74,408
2,754
1,237

00
00
00
00
04
00
93
32
14

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

$1,121,119 93

$1,042,285 12
33,428 00
31,927 94
12,596 08
882 79

$1,121,119 93

* 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 Banks, amount in each: —
City National Bank, Holyoke,
.
Holyoke National Bank, Holyoke,
Third National Bank, Springfield,

$34,408 93
30.000 00

10.000 00

Loans on Bank Stock, amount on each: —
13

shares Hadley Falls National Bank, Holyoke,

68 shares Third National Bank, Springfield,
10 shares Second National Bank, Springfield,
10 shares Hadley National Bank, Holyoke,
10 shares Holyoke National Bank, Holyoke,


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

$

8,000 00
2,200 00

N o . 8 .]

S A Y IN G S

BANK

343

C O M M IS S IO N E R S

Mechanics’ Savings Bank, Holyoke — Continued.
8 shares Agawam National Bank, Springfield,.............................................
10 shares Springfield National Bank, S p r i n g f i e l d ,....................................
23 shares Third National Bank, S p r i n g f i e l d ,............................................. 1
18 shares Second National Bank, S p r in g fie ld ,.............................................j
46 shares Hadley National Bank, Holyoke,
.
.
.
.
,
. j7 shares Chicopee National Bank, Springfield,.............................................I
63 shares City National Bank, Holyoke............................................................ J
25 shares City National Bank, Holyoke.............................................................
25 shares Springfield Safe Deposit and Trust Company, Springfield,
10 shares City National Bank, H o l y o k e , .............................................' . 1
10 shares Home National Bank, H o ly o k e,...................................................... J
10 shares City National Bank, H o l y o k e , ......................................................
25 shares Home National Bank, H o ly o k e ,......................................................

$800 00
1,000 00

11,137 00

700 00
2,500 00
1,600 00

1,000 00
2,300 00

N o. o f
Shares.

Detailed Statement o f Bank Stocks.

22
193
108
3
50
20
50

T a r Value.

Shoe & Leather N’l B’k, Boston,
City National Bank, Hohoke,
Hadley Falls NT B’k, Holyoke,
Holyoke Nat’l Bank, Holvoke,
Home Nat’l Bank, Holyoke, .
First Nat’l Bank, Springfield, .
Third Nat’l Bank, Springfield,

$2,200
19,300
10,800
300
5,000
2,000
5,000
$44,600

E stim ated
M ark et V alue.

$2,200
22,195
17,820
498
5,750
2,800
10,000

A m ou n t Invested.

00
00
00
00
00
00
00

$61,263 00

$3,000
21,500
17,278
498
5,750
3,080
8,500

50
00
00
00
00
00
00

$59,606 50

Total Amount o f Loans, with Each Specif ed Rate o f Interest.
Kate.

A m ou n t.

$74,408 93

4

per cent.

R ate.

A m ou n t.

$950,631 04

5

per cent.

A m ou n t.

$2,475 00

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, 1896,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 219
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 240
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: second Monday in May
and November.


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

R a te.

6 per cent.

$7,600 00
6,500 00
171 50
223,123 00

58,043 96

344

REPORT

OF

THE

[P u b . D o c .

Mechanics’ Savings Bank, Holyoke — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $19,268 76
J $39,043 75
during the year ending Oct. 31, 1896,
.
. I 2 per cent.,
19,774 99
INumber of accounts opened during the year ending Oct. 31, 1896,
. 481
Number of accounts closed during the year ending Oct. 31, 1896,
. 473
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,759
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
5,333 82
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
221,918 62
Number of s a m e , ........................................................................................... 945
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
Number of same.......................................................................................
2 674
Date of examination by commissioner : May 21.


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

255,929 66

S A Y IN G S

N o . 8 .]

BANK

345

C O M M IS S IO N E R S

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.
Jerem

ia h

Cl

a r k

,

Present number of corporators, 50.

President.

C

h as.

C. H

C
u t c h in s o n

,

h as.

C. H

u t c h in s o n

,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Jacob R

ogers,

John D

Jam

r a n c is ,

C

es

F

h as.

Clarence H . N

Open for business every business day, 9

a .m

elson

.

,
u t c h in s o n

,

.

to 1 p . m . ; Saturdays, 7 to 9

B a l a n c e S h eet O ctober

p .m

.

31, 1896.
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,
Deposits in banks, on interest, .
Expense account,
Tax account....................................
Suspense account,
Cash on hand, .
.
.
.

a v is

C. H

$225,000
50.000
271,850
5,500
204,500

00
00
00
00
00

83.000
15,375
1,135,453
416,365
29,613
2,454
2,085
1,340
12,687

00
00
00
52
81
98
00
73
98

$2,455,226 02

Deposits, .
Guaranty fund,
Interest account,
Rents,

$2,314,565 90

100,000 00
20,474 64
20,185 48

$2,455,226 02

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston,
Old Lowell National Bank, Lowell,
Railroad National Bank, Lowell, .

.

$144 11
10,000 00

19,469 70

Loan on Public Funds : —
$50,000 Kansas City, Mo., 4 ^ s , ........................................................................$50,000 00*
Loan on Bank Stock : —
55 shares Railroad National Bank, Lowell.......................................................... $5,500 00
* B a n k n o t ifie d th a t th is lo a n , in e x c e s s o f th e le g a l lim it , m u s t b e c o r r e c t e d .


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

346

REPORT

OF

THE

[P u b . D o c .

Mechanics’ Savings Bank, Lowell — Continued.
Detailed Statement o f Public Funds.

P a r V alue.

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., 4s,
Town of Arlington, Mass., 4s.,

$30,000
10,000
16,000
10,000
20,000
54,000
10,000
20,000
10,000
25,000
20,000

E stim ated
M ark et V a lu e.

$31,800
10,600
16,960
10,450
21,325
56,160
10,400
21,300
10,500
26,500
21,000

00
00
00
00
00
00
00
00
00
00
00

$225,000 $236,995 00

A m ount In vested.

$30,000
10,000
16,000
10,000
20,000
54,000
10,000
20,000
10,000
25,000
20,000

00
00
00
00
00
00
00
00
00
00
00

$225,000 00

N o. o f
Shares.

Detailed Statement o f Bank Stocks.

106
66
63
25
90
8
65
13
265
100
10
45
37
281
83
9
40
300
160
100
105
43
20
39
67

T a r V a lue.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’ l Bank, Boston,.
Metropolitan N’l B’k, Boston,.
Mt. Yernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B'k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,.
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Suffolk National Bank, Boston,


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

$10,600
6,600
6,300
2,500
9,000
800
6,500
1,300
26,500
10,000
1,000
4,500
3,700
28,100
8,300
900
4,000
30,000
16,000
10,000
10,500
4,300
2,000
3,900
6,700

E stim ated
M a rk et V a lue.

$12,084
5,676
5,607
3,050
7,200
1,864
6,890
1,144
38,425
9,000
1,030
6,165
3,552
32,596
11,454
702
2,800
31,800
12,800
9,800
15,645
4,300
3,500
4,212
7,169

00
00
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 I n v ested.

$11,660
6,600
7,056
2,500
9,000
800
8,000
1,300
36,800
10,000
1,000
5,040
3,700
32,315
9,960
900
4,000
31,000
19,200
9,600
15,500
5,160
2,500
4,290
6,700

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

N o . 8 .]

S A Y IN G S

BANK

347

C O M M IS S IO N E R S .

Mechanics’ Savings Bank, Lowell — Continued.

N o. o f

Shares.

Detailed Statement o f Bank Slocks — Concluded.

37
30
117
68

E stim ated
P ar V alue.

Collateral Loan Co., Boston, .
Bay State N’l B’k, Lawrence, .
Railroad Nat’l Bank, L ow ell,.
First Nat’l Bank, Malden,

$3,700
2,250
11,700
6,800

A m ou n t In v ested.

M a rk et V alue.

$3,700
3,600
15,210
10,200

$3,700
2,250
13,839
7,480

00
00
00
00

00
00
00
00

$271,850 00

$238,450 $271,175 00

Detailed Statement o f Bailroad Bonds.

P a r V a lue.

Boston & Maine R.R. 4£s,
Concord & Montreal R.R. 4s, ,
Fitchburg R R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s, .
Maine Central R.R. 4js, .
Salem & Lowell R.R. 6 s,.

$50,000
50.000
25.000
25.000
25.000
25.000
2,000
$202,000

E stim ated
M a rk et V a lu e.

$58,000
53.000
25.000
26,500
25.000
26.000
2,060

A m ou n t In vested.

$52,500
50.000
25.000
25.000
25.000
25.000
2,000

00
00
00
00
00
00
00

$215,560 00

00
00
00
00
00
00
00

$204,500 00

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

A m ou n t.

$29,613 81

8,000 00

231,000 00

K ate.

A m ou n t.

K ate.

A m ou n t.

R a te.

2k per cent.
4
»
4i
“

$ 100,000 00
1,008,183 52
78,760 00

4| per cent.
5
5k
“

$168,875 00

6 per cent.
6è
“

10,000 00
2,500 00

Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the s a m e , ........................................................................
Assessed value of the sam e,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
Value, by books, of other real estate held or owned by foreclosure or other­
wise, ....................................................................................................................
Assessed value of the sam 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 , ............................................. 503


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

7

$83,000
80,000
61,000
1,664

00

00
00
35

15,375 00
26,700 00
505,918 52

348

REPORT

OF

THE

[P u b . D o c .

Mechanics’ Savings Bank, Low ell — Concluded.
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31,1896............................................................................. $ 112,139 80
Times for the dividends fixed by the by-laws : first Saturday in June and
December.
Rate and amount of each semi-annual dividend f 2 per cent.,
$43,199 04 >
during the year ending Oct. 31, 1896,
.
. I 2 per cent.,
44,417 14$
87,616 18
Number of accounts opened during the year ending Oct. 31, 1896, . 566
Number of accounts closed during the year ending Oct. 31, 1896,
. 571
Total number of open accounts Oct. 31, 1896,
.
.
.
.
5,029
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
5,98107
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 89 6 ,..........................................................................................
311,863 77
Number of same..................................................................................... 3,498
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896...................................................................................................................
321,906 05
Number of same............................................................................ .........
3,613
Date of examination by commissioner : September 22.


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

N o . 8 .]

S A Y IN G S

BANK

349

C O M M IS S IO N E R S .

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.
Jam es W

ig h t ,

Present number of corporators, 12.

President.

G e o r g e E . B a t c h e l d e r , Treasurer.
E d g a r N . H u n t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Ja m e s W

ig h t ,

W

il l i a m

A . L ang,

E . F. P a r k e r .

Open for business every business day, 8.30 to 11

B

a l a n c e

S

h e e t

O

c t o b e r

.

; 2.30 to 4

p .m

.

31, 1896.
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, .
Deposits in banks, not on interest,

a .m

$2,051 11

1,010 00

500
9,208
931
40,756
1,095

00
44
59
00*
52

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

$54,523 08
242 83
786 75

$55,552 66

$55,552 66

Cash on Deposit in Bank: —
First National Bank, R e a d i n g ,........................................................................$1,095 52
Loan on Bank Stock : —
10 shares First National Bank, R e a d i n g ,......................................................

$500 00

Detailed Statement o f Public Funds.

P a r V a lue.

Town of Reading, Mass., 4s, .
*

$2,000

E stim ated
M ark et V a lue.

$2,040 00

This amount, in excess of the legal limit, will be reduced.


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

A m ou n t I n v ested.

$2,051 11

350

REPORT

OF

THE

[P u b . D o c .

Mechanics’ Savings Bank, Reading — Continued.

N o. o f
Shares.

Detailed Statement o f Bank Stocks.

P a r V alue.

10 First National Bank, Reading,

$1,000

E stim a ted
M a rk et V alue.

A m ou n t In v ested.

$1,070 00

$1,010 00

Detailed Statement o f Railroad Bonds.

P ar V a lu e.

Fitchburg R.R. 4s, ,
Fitchburg R.R. 5s, .
Maine Central R.R. 4^s, .
Upper Coos R.R. 4s,
.

.

.

E stim ated
M ark et V a lue.

$5,000

$4,950
2,090
1,060
950

$9,000

$9,050 00

2,000
1,000
1,000

00
00
00
00

A m ou n t Invested.

$5,013
2,130
1,070
995

44
00
00
00

$9,208 44

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

A m ou n t.

$12,180 00

K ate.

5 per cent.

A m o u n t.

$29,076 00

K ate.

6 per cent.

A m ou n t.

K ate.

-

-

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, . 33
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................32
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws : first Saturday in June and
December.
Rate and amount of each semi-annual dividend f 2 per cent.,
$614 77 1
during the year ending Oct. 31, 1896,
.
. i 2 per cent.,
806 22 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 112
Number of accounts closed during the year ending Oct. 31, 1896,
. 56
Total number of open accounts Oct. 31, 1896,
.
.
.
.
.
328


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

$931 59
1,000 00

41,256 00
931 59
1,962 52

1,420 99

N o . 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

351

Mechanics’ Savings Bank, Reading — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ..........................................................................................442
Amount of withdrawals, including dividends, during the year ending Oct.
31,1896.....................................................................................................................
Number of s a m e , ..........................................................................................321
Date of examination by commissioner : February 3.


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

$3 47
32,623 02

18,821 17

352

REPORT

OF

THE

[P u b . D o c .

M ED FOR D S A V IN G S B A N K — M ED FO R D .

Incorporated Feb. 26, 1869.

Present number of corporators, 85.

D a n ie l W . L a w r e n c e , 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 W . L a w r e n c e ,
Charles M . B arrett,
D a n ie l A. G l e a s o n ,
B e n j . F. H a y e s ,
F r a n k E . Ch a n d l e r .

Open for business every business day, 8 to 11

a .m .

; 3 to 6 p .m . ; Saturdays, 7 to 9

p m.

B alance Sheet October 31, 1896.

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), . ' . . . .
Deposits in banks, on interest, .
Cash on hand,
.
.
.
.

L ia b il it ie s .

$185,800 00
31,200 00
40.000 00

21.000 00

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

$1,372,402 88
37,000 00
31,803 18
7,580 95

875,350 00
187,300 00
87,500 00
11,964 95
8,672 06
$1,448,787 01

$1,448,787 01

Cash on Deposit in Banks, amount in each : —
National Bank of Commerce, B oston ,............................................................... $6,597 09
National Exchange Bank, B o s t o n , ...............................................................
5,367 86


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

N o. 8 .]

S A Y IN G S

BANK

353

C O M M IS S IO N E R S

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

P a r V alue.

City of Biddeford, Me., 4s,
of Fall River, Mass., 6s, .
of Lynn, Mass., 5s, .
of Providence, R. I., 4s, .
of Waltham, Mass., 4s, .
Town of Arlington, Mass., 4s,
of Beverly, Mass., 4s, .
of Hartland, Me., 4Js, .
of Medford, Mass., 4s, .
of Natick, Mass., 4s,
of Wellesley, Mass., 4s,
United States 4s,

$14,500
3,000
5,000
25,000
15,000
5,000
15,000

$14,735
3,600
5,450
26,625
15,000
5,187
15,562

45,000
5,000
15,000
25,000

46,550
5,025
15,525
30,000

12,000

$184,500

*

E stim ated
M a rk et V alue.

12,000

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

A m ount Invested.

$14,500
3,000
5,000
25,000
15,000
5,000
15,000

12,000

45,000
5,000
15,000
26,300

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

$195,259 00 $185,800 00

A legal Investment when made.

of

I N o.

Shares.

Detailed Statement o f Bank Stocks.

P ar V alue.

22 Blackstone N’l Bank, Boston, .
25

20
15
15

10

25

12

40
15

10
20
4

6
20
16

12
25

Boston National Bank, Boston,
Commercial Nat’l B’k, Boston,
Continental N’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
Monument Nat’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 Eagle Bank, Boston,.
N’l Hide & Leather B’k,Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
North Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Winthrop Nat’l Bank, Boston,
Central Nat’l Bank, Lynn,


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.

00
00
00
00
00
00
00
00

$2,200 00
2,500 00
2,000 00
1,500 00
1,500 00
' 1,000 00
2,500 00
1,200 00

5,500 00
2,070 00
700 00

2,500

2,120 00
320 00
594 00
2,000 00
1,712 00
1,572 00
3,750 00

4,000 00
1,500 00
1,000 00
2,000 00
400 00
600 00
2,000 00
1,600 00
1,200 00
2,500 00

$31,200

$36,896 00

$31,200 00

$2,200
2,500

2,000
1,500
1,500

1,000

2,500

1,200

4,000
1,500

1,000
2,000
400
600

2,000
1,600

1,200

$1,892
2,237
1,600
1,500
1,590
770
5,625
1,344

354

REPORT

OF

THE

[P u b . D o c .

Medford Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

P a r V alue.

Fitchburg R.R. 4^s, .
.
.
.
Portland & Ogdensburg R.R, 6s,
Troy & Boston R.R. 7s, .

E stim ated
M ark et V alue.

A m ou n t Invested.

$25,000
9.000

6.000

$25,000 00
9,540 00
8,700 00

$25,000 00
9.000 00
6.000 00

$40,000

$43,240 00

$40,000 00

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

A m ou n t.

$11,964 95
132,500 00

10,000 00

R a te.

2 per cent.

4
H

“
“

A m ou n t.

$38,200 00
35,000 00
536,250 00

R ate.

4^ per cent.
4|
“
5
“

A m ou n t.

$62,900 00
335,300 00

R ate.

5£ per cent.

6

Amount invested in real estate for banking purposes,....................................
$ 21,000 00
Estimated value of the s a m e , ........................................................................
21,000 00
Assessed value of the s a m e ,.................................................................................
20,500 00
Number of loans which are of an amount not exceeding $3,000 each, 411
Aggregate amount of the s a m e , ........................................................................
577,450 00
Total number of loans upon real estate...................................................... 446
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896......................................................................................
65,596 64
Times for the dividends fixed by the by-laws, second Saturday in May and
November.
Rate and amount of each semi-annual dividend f 2 per cent., $23,283 39 )
47,650 91
during the year ending Oct. 31, 1896,
.
1 2 per cent.,
24,367 52 )
Number of accounts opened during the year ending Oct. 31, 1896,
. 601
Number of accounts closed during the year ending Oct. 31, 1896,
. 357
Total number of open accounts Oct. 31, 1896,
.
.
.
.
4,149
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes)..........................................................................................................
4,082 67
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896......................................................................................................
322,296 00
Number of same...................................................................................... 4,595
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
253,612 81
Number of s a m e ,................................................................................. 3,534
Date of examination by commissioner: April 23.


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 .

3 55

M E D W A Y S A V IN G S B A N K — M E D W A Y .

Incorporated Feb. 20, 1871.

Present number of corporators, 39.

M il t o n M . F i s h e k , President.
F r e d e r i c k L . F i s h e r , Treasurer.
F r e d e r i c k L. F is h e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
M. M. F i s h e r ,
A. M. B. F u l l e r ,
S. G. C l a r k ,

S u m n e r R o b b in s ,
W . H. C a r e y ,
W . P. C l a r k .

Open for business every business day, 9

B

a l a n c e

S

h e e t

O

c t o b e r

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule, .
Real estate by foreclosure, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)..........................................
Loans on depositors’ books,
Deposits in banks, on interest,
Cash on hand,
.
.
.
.

a .m .

to 12 m . ; 2 to 5 p . m .

31, 1896.

L ia b il it ie s .

$31,000
26,510
1,950
49,500
2,544
135,778
33,586

00
00
00
00
23
15

11,700
300
10,770
1,896

00
00
61
49

Deposits, .
Guaranty fund,
Interest account,

$283,727 18
14,000 00
7,808 96

66

$305,536 14

$305,536 14

Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston.............................................................................. $7,502 81
Howard National Bank, B o s t o n ,........................................................................
3,267 80
Loans on Bank Stock, amount on each: —
20 shares Central National Bank, Boston,’ ...................................................... $1,750 00
5 shares Dedham National Bank, Dedham........................................................
200 00


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

REPORT

356

OF

[P u b . D o c

THE

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

P a r V alue.

City of Boston, Mass., 4s,
of Boston, Mass , 6s,
of Detroit, Mich., 6s,
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 4ès, .
of Grand Rapids, Mich., 5s,
of New London, Conn., 7s,
of Portland, Me., 6s,
of Springfield, Ohio, 5s, .
of Waltham, Mass., 4s, .
Town of Andover, Mass., 4s, .
of Melrose, Mass., 4s, .
County of Aroostook, Me., 4^s,

*

E stim ated
M a rk et V a lue.

5,000

$2,057 50
2,260 00
1,170 00
2,100 00
3,180 00
2,140 00
1,090 00
2,010.00
3,175 00
5,175 00
2,000 00
1,015 00
5,250 00

$31,000

$32,622 50

$2,000

2,000
1,000
2,000

3,000

2,000
1,000
2,000

3,000
5,000

2,000
1,000

A m ount Invested,

$2,000 00
2,000 00
1,000 00
2,000 00
3,000 00
2,000 00
. 1,000 00
2,000 00
3,000 00
5,000 00
2,000 00
1,000 00
5,000 00*
$31,000 00

Aflegal investment when made.

N o. o f
Shares,

I
j

Detailed Statement o f Bank Stocks.

6

18
30
30

10

25

10

15
15

20
20
12
20
17

20
3

P a r V alue.

Atlas National Bank, Boston, .
Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
First Ward Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston,
Mt. Yernon N’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Shawmut Nat’l Bank, Boston,
Winthrop Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
Franklin Nat’l Bank, Franklin,
Holliston N’l Bank, Holliston,
Wrentham N’l B’k, Wrentham,


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

$600
1,800
3,000
3,000

1,000

2,500

1,000

1.500
1,500

2,000
2,000
1,200
2,000
1,700

2,000
210
$27,010

E stim ated
M a rk et V a lu e.

A m ou n t Invested.

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

$600 00
1,800 00
3,000 00
3,000 00
1,000 00
2,500 00
1,000 00
1,500 00
1,500 00
2,000 00
2,000 00
1,200 00
2,000 00
1,700 00
1,500 00
210 00

$27,678 00

$26,510 00

$684
1,584
3,450
3,810
850
2,500
750
1,560
1,575
1,600
2,160
1,560

2,100

1,870
1,400
225

N o . 8 .]

S A V IN G S

BANK

357

C O M M IS S IO N E R S

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

P ar V a lu e.

Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4|s,
Boston & Providence R.R. 4s, .
Cheshire R.R. 6s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 6s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6 s,.
Portland & Ogdensburg R R. 6s, .
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ..................................
Salem & Lowell R.R. 6s,.
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................
Vermont & Massachusetts R.R. 5s,
Worcester, Nashua & Roch R.R. 4s,,

*

E stim ated
M ark et V alue.

$2,000
5,000
5,000
3,000
1,000
5,000
2,000
1,000
2,000
2,000
3,000
2,000
2,000

$2,240
5,075
5,700
3,105
1,030
5,050
2,020
1,010
2,150
2,100
3,090
2,020
2,140

A m ou n t I n v ested.

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

$2,000
5,000
5,000
3,000
1,000
5,000
2,000
1,000
2,000
2,000
3,000
2,000
2,000

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

3,000
2,500

3,300 00
2,575 00

3,000 00
2,500 00

3,000
1,000
5,000

3,540 00
1,060 00
5,050 00

3,000 00
1,000 00
5,000 00

$49,500

$52,255 00

$49,500 00

A legal investment when made.

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

Amount.
$10,770 61
5,700 00
9,000 00

Rate.

2 per cent.
4
“
4h “

Amount.
$6,500 00
19,000 00

Rate.
4f per cent.
5

Amount.
$3,000 00
140,114 81

Value, by books, of real estate held or owned by foreclosure or otherwise, .
Assessed value of the sam e,................................................................................
Net income received from same during the year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 267
Aggregate amount of the s a m e ,........................................................................
Total number of loans upon real e s t a t e , .............................................176
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
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.
5J per cent.
»

6

$2,544 23
3,250 00
1 82
157,914 81

15,530 39

3 58

REPOET

OF

THE

[P u b . D o c .

Medway Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $5,011 35 1
during the year ending Oct. 31, 1896,
.
i 2 per cent.,
5,248 45 i
Number of accounts opened during the year ending Oct. 31, 1896, . 152
Number of accounts closed during the year ending Oct. 31,1896,
. 134
Total number of open accounts Oct. 31, 1896..................................
1,163
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1896.............................................................................................
Number of s a m e ,.........................................................................................980
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1896,
...................................................................................................
Number of s a m e ,................................................................................. 1,036
Date of examination by commissioner: January 3.


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

1,133 01
69,512 03

67,405 66

N o. 8 .]

S A Y IN G S

BANK

C O M M IS S IO N E R S .

359

M ELROSE SA V IN G S B A N K — M ELRO SE.

Incorporated April 5,1872.

Present number of corporators, 25.

D a n ie l R u s s e l l , President.
E . H. Goss, Treasurer.
J o h n L a r r a b e e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge N e w h a l l ,
S e t h E. B e n so n ,
D a n ie l N o r t o n .

Open for business every business day, 8.30 to 11

a .m

.

; 2 to 5 p . m . ; Saturdays, 7 to 8 p . m

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

31, 1896.

L ia b il it ie s .

A sse ts.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest,
Cash on hand, .
.
.
.

.

$126,000 00

7,200 00

192
2,531
511,466
16,530

00
28
75
82

Deposits, .
Guaranty fund,
Interest account,

$739,657 22
13,998 20
41,498 52

85,000 00
44,608 70
1,624 39
$795,153 94

$795,153 94

Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, Boston,
Winthrop National Bank, Boston,
Melrose National Bank, Melrose,

$1,375 65
1,028 55
42,204 50*

Loan on Bank Stock: —
2 shares Melrose National Bank, Melrose,
This deposit has since been reduced within the legal limit,


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

00

360

REPORT

OF

THE

[P u b . D o c .

Melrose Savings Bank — Continued.
Detailed Statement o f Public Funds.
E stim ated

P a r V alue.

M ark et V a lue.

City of Altoona, Pa., 4s, .
of Boston, Mass., 4s,
of Brockton, Mass., 5s, .
of Columbus, Ohio, 4s, .
of Portland, Me., 6s,
Town of Melrose, Mass., 4s, .
of Winchester, Mass., 4s,

$6,000
7,070
8,904
4,950
6,050
92,283
5,180

$ 6 ,o r o

7.000
8.000
5.000
5.000

90.000
5,000
$126,000

00
00
00
00
00
50
00

A m ou n t Invested.

$6,000
7.000
8.000
5.000
5.000
90,000
5.000

00
00
00
00*
00
00
00

$130,437 50 $126,000 00

* A legal investment when made.

N o. o f
Shares.

Detailed Statement o f Bank Stocks.

27
45

P a r V a lue.

Everett Nat’l Bank, Boston, .
Freeman's N’l Bank, Boston, .

Estim ated
M a rk et V a lu e.

A m ou n t Invested.

$2,700
4,500

$2,160 00
3,915 00

$2,700 00
4,500 00

$7,200

$6,075 00

$7,200 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$44,608 70
10,000 00

K ate.

2 per cent.
33

Amount.
$75,000 00
47,856 55

K ate.

4 per cent.

5

A m o u n t.

$3,500 00
476,833 02

R a te.

5¿ per cent.

6

“

Value, by books, of real estate held or owned by foreclosure or otherwise,
$2,531 28
Assessed value of the s a m e ,.................................................................................
4 700 00
Net income received from same during year ending Oct. 31, 1896,
.
.
80 00
Number of loans which are of an amount not exceeding $3,000 each,. 445
Aggregate amount of the same.......................................................................................
262 11
Total number of loans upon real e s t a t e , ............................................. 434
Gross amount of interest or profits received or earned, as per boobs, dur­
ing year ending Oct. 31, 1 8 9 6 , ........................................................................
37,477 81
Times for the dividends fixed by the by-laws: January 1 and July 1.


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 .

361

Melrose Savings Bank — Concluded.
Rate and amount of each semi-annual dividends 2 per cent., $12,200 43 )
$25,913 06
during the year ending Oct. 31,1896,.
.
. < 2 per cent., 13,712 63 1
Number of accounts opened during the year ending Oct. 31, 1896,
. 539
Number of accounts closed during the year ending Oct. 31, 1896,
. 436
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,587
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
2,903 39
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 6 ,..........................................................................................
Number of s a m e ,.......................................................................................... 4,872
Amount of withdrawals, including dividends, during the year ending Oct.

287,678 28

3 1 , 1 8 9 6 , ............................................................................................................
Number of s a m e ,.......................................................................................... 3,721
Date of examination by commissioner : March 13.

247,631 69

*


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

REPORT

362

OF

[P u b . D o c

THE

M ER R IM A C S A V IN G S B A N K — M E R R IM A C .
Incorporated April 19, 1871.

Present number of corporators, 45.

W illiam H. H askell , President.
D aniel J. P oore, Treasurer.
W illiam B. Sargent, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :

W illiam H. H askell ,
T hos. H. H oyt.

H. 0 . D elano,

Open for business every business day except Saturdays, 8.30 a m . to 12 m . ; 1.30 to 3
p .m . ; Saturdays, 8.30 a . m . to 12 m .
B a l a n c e S h e e t O c t o b e r 31, 1896.

L ia b il it ie s .

A ssets.

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

$92,000
7,600
4,050
69.000
800
7,021
231,522
79,855

00
00
00
00
00
92
00
00

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

$502,743 12
24,147 59
1,501 49

2,500 00
33.000 00
1,043 28
$528,392 20

$528,392 20

Cash on Deposit in Banks, amount in each : —
Essex National Bank, Haverhill,
First National Bank, Merrimac, .

.

.

.

$10,000 00
24,043 28

Loans on Bank Stock, amount on each: —
11 shares First National Bank, Merrimac, .
10 shares First National Bank, Merrimac, .
10 shares First National Bank, Merrimac, .
6 shares First National Bank, Merrimac, .
5 shares Merrimack National Bank, Haverhill,

00
1,000 00
1,000 00
600 00
350 00

$1,100

Loan on Railroad Stock: —

00


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

O
o

10 shares Boston & Maine R .R .,

0Q

No. 8.]

363

SAYINGS BANK COMMISSIONERS

Merrimae Savings B a n k — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Concord, N. H , 4s,
of Dayton, Ohio, 4s,
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,
County of Aroostook, Me., 4£s,

Estimated
Market Value.

17,000
8,000
20,000
2,000
5,000
5,000
5,000
10,000
5,000
5,000
5,000
15,000

$7,210
8,000
20,200
2,040
5,050
5,050
5,150
10,050
5,125
5,150
5,100
15,750

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

92,000

93,875 00

Amount Invested.

$7,000
8,000
20,000
2,000
5,000
5,000
5,000
10,000
5,000
5,000
5,000
15,000

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

92,000 00

* Legal investments when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

8
17
10
36
10

Par Value.

Powow River National Bank,
Amesbury, .
.
.
.
Blackstone N’l Bank, Boston, .
First National Bank, Lynn,
First Nat’l Bank, Merrimae, .
Ocean N’l Bank, Newburyport,

$800
1,700
1,000
3,600
500
$7,600

Estimated
Market Value.

$1,160
1,466
1,300
5,400
500

00
25
00
00
00

$9,826 25

Amount Invested.

$800
1,700
1,000
3,600
500

00
00
00
00
00

$7,600 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s ,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Maine Central R.R. 4s, .
Old Colony R.R. 4s,
. . .


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

$5,000
20,000
11,000
15,000
5,000
7,000
6,000
$69,000

Estimated
Market Value.

$5,050
20,500
11,110
15,000
5,300
7,070
6,180

00
00
00
00
00
00
00

$70,210 00

Amount Invested.

$5,000
20,000
11,000
15,000
5,000
7,000
6,000

00
00
00
00
00
00
00

$69,000 00

364

REPORT OF THE

[Pub. Doc.

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

$23,000 00
46,500 00
118,975 00

Bate.

3£ per cent.

4è
5

“

“

Amount.

$15,000 00
38,200 00

Bate,

5| per cent.
5è
“

Amount.

$109,752 00
300 00

Bate.

6 per cent.
7

Value, by books, of real estate held or owned by foreclosure or otherwise,
$7,021
Assessed value o f the s a m e ,.............................................................................7 075 00
Net income received from same during year ending Oct. 31, 1896,
.
.
31
Number of loans which are of an amount not exceeding $3,000 each, 165
Aggregate amount of the s a m e , .................................................................... 143,427 00
Total number of loans upon real e s t a t e , ...........................................163
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1896..........................................................................
24,245
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annual dividend I 2 per cent., $9,599 56 1
during the year ending Oct. 31, 1896,.
.
I 2 per cent., 9,706 56 i
’
Number of accounts opened during the year ending Oct. 31,1896,
. 121
Number o f accounts closed during the year ending Oct. 31, 1896,
. 117
1,487
Total number of open accounts Oct. 31, 1896..................................
Total expenses o f the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes)................................................................................................
1 989
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896................................................................................................
53,391
Number of s a m e , ..................................................................................... 703
Amount of withdrawals, including dividends, during the year ending Oct.
31>1896>
......................................................................................................
66,026
Number of s a m e , .........................................................................................
Date of examination by commissioner: June 18.


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

92
36

46

2

85
60

80

■

No. 8 .]

SAYINGS BANK COMMISSIONERS.

365

M ER R IM A C K R IV E R S A V IN G S B A N K -L O W E L L .

Incorporated Feb. 24, 1871. Present number of corporators, 28.
J.

G.

P

eabody

,

President.
N. G.

L

am son,

N. G.
Clerk o f the Corporation.

L

am son

,

Treasurer.

Names o f committee charged with the investment of its funds:
R . G.
C. F.
H . C.

C. E.
N. G.

Bartlett,
V
H

arnum
ow e

,

A

P. P. P

,

dam s,

L

am son

,

erh am

.

Open for business every business day, 9 a . m . to 1 p . m . ; Saturdays, 7 to 9 p . m .

B

a la n ce

Sh

eet

Octo ber

31, 1896.

L ia b il it ie s .

A ssets.

$105,850
4,200
60,000
8,500
882.854
353,187
950
40,471
1,696

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, .
Cash on hand, . . .
.

25
00
00
00
22
36
00
90
78

$1,457,710 51

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

$1,342,378 07
47,000 00
68,332 44

$1,457,710 51

Cash on Deposit in Banks, amount in each: —
Old Lowell National Bank, Lowell,
Wamesit National Bank, Lowell,

$15,000 00
25,471 90

Loans on Bank Stock, amount on each: —
5 shares "Wamesit National Bank, Lowell,
20 shares Wamesit National Bank, Lowell,.
17 shares Wamesit National Bank, Lowell,


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

$500 00
2,000 00

1,700 00

366

REPORT OF THE

[Pub. Doc.

Merrimack River Savings Bank — Continued.
Detailed Statement o f Bank Stocks.
09
OO
o
w
25
45
17
50
20
15
20
28
23
20
35
40
40
51
62
104
79
7
15
34
55
7
16
28
102

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Columbian N’l Bank, Boston,.
Continental N’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Old Boston Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Wamesit Nat’l Bank, Lowell,.

Par Value.

Estimated
Market Value.

Amount Invested.

$2,500
4,500
1,700
5,000
2,000
1,500
2,000
2,800
2,300
2,000
3,500
4,000
4,000
5,100
6,200
10,400
7,900
700
1,500
3,400
5,500
700
1,600
2,800
10,200

$2,800 00
5,130 00
1,496 00
4,400 00
1,900 00
1,500 00
2,500 00
3,640 00
2,806 00
1,700 00
3,675 00
3,480 00
3,680 00
5,763 00
6,076 00
12,480 00
8,453 00
700 00
1,545 00
3,638 00
6,050 00
742 00
1,792 00
2,380 00
14,280 00

$2,845 00
4,500 00
1,700 00
5,000 00
2,000 00
1,837 50
2,405 00
3,654 00
2,300 00
2,000 00
3,844 50
4,000 00
4,000 00
6,076 75
7,351 50
12,491 50
8,292 50
700 00
1,500 00
3,554 50
6,592 50
700 00
1,600 00
2,800 00
14,105 00

$93,800 $102,606 00

$105,850 25

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Cheshire R R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R R. 4ès, .
.
.
.
Lowell & Lawrence R.R. 6s, *.


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

Estimated
Market Value.

$20,000
2,000
10,000
25,000
3,000

$20,000
2,000
10,000
25,000
3,000

$60,000

$60,000 00

00
00
00
00
00

Amount Invested.

$20,000
2,000
10,000
25,000
3,000

00
00
00
00
00

$60,000 00

No. 8.]

367

SAYINGS BANK COMMISSIONERS.

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

Amount.

$25,471 90
15.000 00
25.000 00

Kate.

2 per cent.
3
»
“

Amount.

$74,000 00
35,000 00
883,204 22

Kate.

Amount.

Rate.

4J per cent.
4|
5

$102,337 36
120,210 00
1,440 00

5J per cent.
6
7

$8,500 00
Value, by books, of real estate held or owned by foreclosure or otherwise,
9,750 00
Assessed value of the s a m e ,.............................................................................
439 23
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 183
284,597 36
Aggregate amount of the s a m e , ............................................................
Total number of loans upon real e s t a t e , ...........................................256
Gross amount of interest or profits received or earned, as per books, during
66,251 78
year ending Oct. 31, 1 8 9 6 ,.............................................................................
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., $25,031 65 1 50,832 99
during the year ending Oct. 31, 1896,
.
.1 2 per cent.,
25,801 34 i
Number o f accounts opened during the year ending Oct. 31, 1896,. . 363
Number of accounts closed during the year ending Oct. 31, 1896,
. 336
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,520
Total expenses o f the corporation for the year ending Oct. 31, 1896 (ex­
4,162 81
clusive of taxes), .............................................................................................
Amount of deposits, not including dividends, received during the year end­
167,674 59
ing Oct. 31, 1896................................................................................................
Number o f s a m e , ......................................................................................1,714
Amount o f withdrawals, including dividends, during the year ending Oct.
184,803 90
31, 1896...............................................................................................................
Number of s a m e , ..................................................................................... 1,760
Date of examination by commissioner: April 23.


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

368

REPORT OF THE

[Pub. Doc.

M ID D LEB O R O U G H S A V IN G S B A N K — M ID D LEB O R O U G H .
Incorporated March 15, 1873.
E

verett

R

o b in s o n

,
A

President.
n d r e w M.

W

Present number of corporators, 32.

ood,

\A n d r e w M.
Clerk o f the Corporation.

W

Treasurer.

ood,

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

verett

Jam

es

R

o b in s o n

H. H

arlo w

C

,

E

verett

,

M

atth ew

h as.

F.

T.

L

in c o l n

H . Cu sh

,

in g

,

C o r n is h .

Open for business every business day, 9 a . m . to 12 m . ; 2 to 4 p . m . ; Saturdays, 7 to 8 p . m .
B

a la n ce

Sh

eet

Octo ber

31, 1896.

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),
..................................
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, .
.
.
.

$122,350
11,100
750
56.000

00
00
00
00

44.000
9,721
458,271
108,747

00
00
90
33

87,605
200
78,126
4,491

00
00
55
96

$932,720 40
33,000 00
15,643 34

Deposits, .
Guaranty fund,
Interest account,

$981,363 74

$981,363 74

Cash on Deposit in Banks, amount in each: —
$5,831
1,270
10,000
11,023
10,000
10,000
30,000

Mechanics’ National Bank, Boston,
Winthrop National Bank, Boston,
First National Bank, Merrimac, .
.
.
.
Middleborough National Bank, Middleborough,
First National Bank, New Bedford,
Citizens’ National Bank, New Bedford,
Pynchon National Bank, Springfield, .

66
90
00
99
00
00
00

Loan on Bank Stock : —
10 shares Middleborough National Bank, Middleborough,


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

.

.

.

$750 00

No. 8.]

369

SAVINGS BANK COMMISSIONERS

Middleborough Savings Bank — Continued.
D etailed Statem ent o f P u blic F u n d s

Par Value.

City of
of
of
of
of
of
of
of
of
of
United

Boston, Mass., 4s,
Canton, Ohio, 5 s ,.
Dayton, Ohio, 5s,
Dover, N. H., 4 s ,.
Fort Wayne, Inch, 4^s,
Lynn, Mass , 4s, .
Oshkosh, Wis , 4£s,
Rockford, 111., 4£s,
Springfield, Ohio, 6s, .
Youngstown, Ohio, 6s,
States 5s,

Estimated
Market Value.

$6,030
31,965
11,000
5,000
5,300
15,375
22,900
10,350
3,050
5,560
11,175

$6,000
31,000
10,000
5,000
5,000
15,000
22,000
10,000
3,000
5,350
10,000

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$6,000
31,000
10,000
5,000
5,000
15,000
22,000
10,000
3,000
5,350
10,000

00
00
00*
00
00
00
00
00
00
00
00

$122,350 $127,705 00 $122,350 00
* A legal investment when made.

Ko. o f I
Shares. 1

Detailed Statement o f Bank Stocks.

33
14
11
12
30
11

Par Value.

Nat’l Webster Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Treraont Nat’l Bank, Boston, .
Middleborough National Bank,
Middleborough, .
National Bank of Commerce,
New Bedford,
Plymouth N ’l Bank, Plymouth,

Estimated
Market Value.

Amount Invested,

$3,300
1,400
1,100

$3,234 00
1,498 00
924 00

$3,300 00
1,400 00
1,100 00

1,200

1,200 00

1,200 00

3,000
1,100

2,250 00
1,155 00

3,000 00
1,100 00

$11,100

$10,261 00

$11,100 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4^s, .
.
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

$20,000
1,000
5,000
8,000
5,000

Estimated
Market Value.

$20,200
990
5,000
8,430
5,050

00
00
00
00
00

Amount Invested.

$20,000
1,000
5,000
8,000
5,000

00
00
00
00
00

[Pub. Doc

REPORT OF THE

370

Middleborcragh. Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Old Colony R R. 4s,
Old Colony R R 6s,.
Portland & Ogdensburg R.R. 6s,

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
2,000
5,000

$10,300 00
2,020 00
5,350 00

$10,000 00
2,000 00
5,000 00

$56,000

$57,340 00

$56,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$12,294 89
15,831 66
20,000 00

24 per cent.
3
“
3i
“

Amount.

$88,150 00
15,455 00
11,300 00

Rate.

4 per cent.
43
“
4h

Amount.

$86,200 00
19,337 33
465,131 90

Rate.

5 per cent.
5à “
6
“

Amount invested in real estate for banking purposes,.................................. $44,000 00
Estimated value of the sam e,.............................................................................
44,000 00
Assessed value of the s a m e ,.............................................................................
36,000 00
Value, by books, of other real estate held or o^ned by foreclosure or
o th e r w is e ,...................................................................................................... 9,721 00
Assessed value of the s a m e ,.............................................................................
10,345 00
Number of loans which are of an amount not exceeding $3,000 each, 663
Aggregate amount of the s a m e , ....................................................................
578,093 45
Total number of loans upon real e s t a t e , ...........................................482
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.............................................................................
46,302 79
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., $17,362 19 1 g- 203 58
during the year ending Oct. 31, 1896, .
. ' 2 per cent.,
17,841 39 )
’
Number o f accounts opened during the year ending Oct. 31, 1896,
. 447
Number of accounts closed during the year ending Oct. 31, 1896,
. 309
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,136
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive o f ta x es),.............................................................................................
2,86326
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,................................................... ........
170,637 30
Number of s a m e , .............................................................................2,608
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ......................................................................................................
165,274 69
Number of s a m e , ....................................................................
.
2,180
Date of examination by commissioner: May 12.


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Federal Reserve Bank of St. Louis

No. 8.]

371

SAYINGS BANK COMMISSIONERS.

\

\

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.
Sa m u e l H o a r ,

Present number of corporators, 21.
H e n r y J. H o s m e r ,

P r e s id e n t.

H

erbert

W . H o sm e r ,

C le r k

o f th e

T reasu rer

C o r p o r a tio n .

Names of committee charged with the investment of its funds:
Sa m u e l H o a r ,
Ch arles H . W

L o r e n zo E ato n ,
Charles E . B row n.

alcott,

Open for business every business day, 9 a m . to 2 p.m.
B

a la n ce

Sh

eet

Octo ber

A ssets.

Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ..................................
Deposits in banks, on interest,
Deposits in banks, not on interest,
Expense account,
Real estate...................................
Cash on hand,
. . . .

31, 1896.

L ia b il it ie s .

$219,300 00
231,000 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

10,000 00

426,405 00
425,600 00
119,900
24,354
6,260
2,225
28
2,109

$1,371,40-5 03
60,354 75
28,986 38
6,437 71 '

00
75
60
74
60
18

$1,467,183 87

$1,467,183 87

Cash on Deposit in Banks, amount in each: —
National Union Bank, Boston,
.
Concord National Bank, Concord,

.
.
.
.
.
.
.
.
............................................................

$24,354 75
6,260 60

No. o f
Shares.

Detailed Statement o f Bank Stocks.

66
100
50
50

Par Value.

Blackstone N’l B’k, Boston,
Boston Nat'l Bank, Boston,
Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,.


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Federal Reserve Bank of St. Louis

$6,600
10,000
5,000
5,000

- Estimated
Market Value.

$5,692
8,950
5,850
4,800

00
00
00
00

Amount Invested,

$6,600
10,000
5,000
5,000

00
00
00
00

[Pub. Doc

REPORT OF THE

372

Middlesex Institution for Savings — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

27
1Ò0
100
28
21
175
50
25
150
100
100
100
125
60
150
100
6
45
100
65
100
50
100

Tar Value.

Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
First National Bank, Boston, .
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ N ’l Bank, Boston,.
N’l B’k of Commerce, Boston, .
N’l B’k of No. America, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Concord N’l Bank, Concord, .

|2,700
15,000
10,000
2,800
2,100
17,500
5,000
2,500
15,000
10,000
10,000
10,000
12,500
6,000
15,000
10,000
600
4,500
10,000
6,500
10,000
5,000
10,000

Estimated
Market Value.

$2,700
18,300
13,000
6,524
2,205
15,488
3,750
1,925
21,750
11,250
9,650
7,800
10,000
6,360
12,000
9,875
639
7,875
10,800
5,590
10,600
4,200
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

$219,800 $232,573 00

Amount Invested.

$2,700
15,000
10,000
2,800
2,100
17,500
5,000
2,500
15,000
10,000
10,000
10,000
12,500
6,000
15,000
10,000
600
4,500
10,000
6,500
10,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$219,300 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s,.
Boston & Maine R.R. 4^s,
Concord & Montreal R.R. 4s, .
Conn & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R R. 4s, .
Maine Central R.R. 4£s, .
Old Colony R.R. 4s,.
Sullivan Countj^ R.R. 4 s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
4,000
25,000
50,000
10,000
37,000
20,000
25,000
15,000
20,000
5,000
10,000
$231,000

Estimated
Market Value.

$10,200
4,080
28,250
51,000
10,200
43,660
20,000
26,500
15,000
21,200
5,150
10,100

00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
4,000
25,000
50,000
10,000
37,000
20,000
25,000
15,000
20,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00

$245,340 00 $231,000 00

No. 8.]

373

SAYINGS BANK COMMISSIONERS

Middlesex Institution for Savings — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$24,354
50,900
10,000
66,000

Bate.

75
00
00
00

2 per cent.
4
“
“
41

4è

»

Amount.

$40,000
331,500
50,000
92,150

00
00
00
00

Bate.

Amount.

Bate.

41 per cent.
5
“
51
“
5|
“

$325,255 00
5,400 00
700 00

6 per cent.
6h
“
7

Amount invested in real estate for banking purposes,.................................. f 10,000 00
Estimated value of the s a m e , ....................................................................
10,000
Assessed value of the same, .
.
............................................................
8,000
Number of loans which are of an amount not exceeding $3,000 each,. 193
Aggregate amount of the s a m e , ....................................................................
260,055
Total number of loans upon real e s t a t e , ...........................................191
Amount of investments from which no income is received, .
.
.
.
8,000
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ....................................................................
65,506
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., $25,167 86 j
gQjgg
during the year ending Oct. 31,1896,.
.
.1 2 per cent., 25,630 20 i
Number of accounts opened during the year ending Oct. 31, 1896,
. 477
Number of accounts closed during the year ending Oct. 31, 1896,
. 340
Total number of open accounts Oct. 31, 1896,
.
.
.
.
4,192
Total expenses o f the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
.....................................................................................
6,367
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896................................................................................................
206,226
Number of same, ..................................................................................... 2,729
Amount of withdrawals, including dividends, during the year ending Oct.
......................................................................................................
204,911
31, 1896,
Number of s a m e ,............................................................................
2,433
Date o f examination by commissioner; March 30,


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Federal Reserve Bank of St. Louis

00
00
00
00
36

q6

05
03

94

374

REPORT OF TUE

[Pub. Doc

C

M ILFO R D S A V IN G S B A N K — M IL FO R D .
Incorporated April 24, 1851. Present number of corporators, 45.
John

P.

D

a n ie l s

,

President.
E.

James

Jam
W

alk e r

,

es

E. W

alk ek

,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ch

arles

F.

Cla

f l in

John

,

J esse

P.

D

a n ie l s

A.

T

aft

,

.

Open for business every business day except Saturdays, 9 a . m . to 12 m . ; 1.30 to 3.30
Saturdays, 9 a . m . to 12 m .

B

alance

Sheet October

p .m

. ;

31, 1896.

A ssets.

L ia b il it ie s .

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stock,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses), ..................................
Real estate by foreclosure, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Omaha Water Company Stock
and Bonds,
.
.
.
.

$255,500
10,000
182,278
6,680
151,000
26,500
50.000

00
00
99
00
00
00
00

25.000
10,870
629,478
453,235

00
98
19
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$1,864,006 36
58,402 29
20,340 47

98,400 00
22,256 14
9,549 82
12.000 00*
$1,942,749 12

$1,942,749 12

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ................................................... $1,256 14
Milford National Bank, Milford.......................................................................
30,549 82
Loan on Public Funds: —
$10,000 United States 4 s , ............................................................................. $10,000 00


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Federal Reserve Bank of St. Louis

No. 8.]

375

SAYINGS BANK COMMISSIONERS.

Milford Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
25 shares
34 shares
7 shares
8 shares
2 shares

Home National Bank, M i l f o r d ,................................................... $2,000 00
Milford National Bank,M ilford,..................................................
3,300
Milford National Bank,M ilford,..................................................
700
Milford National Bank,M ilford,..................................................
500
Milford National Bank,M ilford,..................................................
ISO

00
00
00
00

Loans on Railroad Stocks, amount on each : —
10 shares Boston & Albany R . R . , ........................................................... $1,500 00
240 shares Boston & Maine R . R . , ............................................................
25,000 00

Detailed ¡Statement o f Public Funds.
Par Value.

City of Boston, Mass., 4s,
of Bridgeport, Conn , 4s,
of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, 4s,
of Grand Rapids, Mich., 4^s, .
of New Britain, Conn , 4s,
of Newport, R. I., 4s,
of Portland, Me., 6s,
of Providence, R.I., 5s, .
of Somerville, Mass., 4s, .
of Woonsocket, R. I., 4 s,.
Town of Beverly, Mass., 4s, .
of Framingham, Mass., 4s, .
of Maynard, Mass., 4s, .
of Milford, Mass., 6s, .
of Weymouth, Mass , 4s,
United States 4s,

$25,000
6,000
14,000
6,000
15,000
6,000
20,000
10,000
2,000
25,000
' 20,000
15,000
15,000
20,000
20,000
10,000
10,000
16,500
$255,500

Estimated
Market Value.

$26,215
6,240
14,140
6,350
15,300
6,360
20,200
10,650
2,420
27,850
20,200
15,150
15,525
20,600
20,600
10,200
10,400
17,655

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$266,055 00

Amount Invested.

$25,000
6,000
14,000
6,000
15,000
6,000
20,000
10,000
2,000
25,000
20,000
15,000
15,000
20,000
20,000
10,000
10,000
16,500

00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00

$255,500 00

* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
50
15
7
150

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boylston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .


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Federal Reserve Bank of St. Louis

$1,000
5,000
1,500
700
15,000

Estimated
Market Value.

$1,090
5,700
1,290
868
17,550

00
00
00
00
00

Amount Invested.

$1,530
6,500
1,500
1.070
22,000

00
00
00
12
00

376

REPORT OF THE

[Pub. Doc.

Milford Savings Bank — Continued.

No. of j
Shares.

Detailed Statement o f Bank Stocks — Concluded.

25
48
40
42
100
110
5
25
100
30
47
4
78
100
2
40
100
18
75
263

Par Value.

Continental N’l Bank, Boston,
Eliot .National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Nat’l Bank of the Commonwealth, Boston, .
N’l B’k of Redemption, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
-N’1 Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Washington N’l Bank, Boston,
Home Nat’l Bank, Brockton, .
Hopkinton N’l B’k, Hopkinton,
Home National Bank, Milford,
Milford Nat’i Bank, Milford, .

Estimated
Market Value.

Amount Invested.

$2,500
4,800
4,000
4,200

$2,500
5,856
3,480
3,696

00
00
00
00

$2,955
5,682
5,360
4,496

25
99
00
00

10,000
11,000
500
2,500
10,000
3,000
4,700
400
7,800
10,000
200
4,000
10,000
1,800
7,500
26,300

13,750
12,815
350
3,100
10,600
2,400
6,110
392
7,800
10,800
172
4,060
17,500
1,800
11,250
39,450

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

13,900
15,655
588
3,581
10,659
3,000
7,496
400
10,766
12,057
274
5,505
10,000
1,800
7,500
28,000

00
00
75
25
50
00
50
00
63
50
50
00
00
00
00
00

$148,400

$184,379 00

$182,278 99

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R R. 4s,
Boston & Maine R.R. 4 s,.
.
Boston & Maine R.R. 4<|s,
Fitchburg R.R. 4s, .
Fitchburg R R. 5s, .
Milford & Woonsocket R.R. 5s,
Old Colony R.R. 4s,
. . .
Old Colony R.R. 6s,
. . .
Portland & Ogdensburg R.R. 6s,
Worcester, Nashua & Roch. R.R. 4s,


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Federal Reserve Bank of St. Louis

$25,000
20,000
10,000
15.000
15.000
15.000
4.000
10.000
2.000
15.000
20.000
$151,000

Estimated
Market Value.

$26,500
20.500
10,300
17,250
15,000
16,125
4,280
10.500
2,040
16,350
20,400

00
00
00
00
00
00
00
00
00
00
00

$159,245 00

Amount Invested.

$25,000
20,000
10,000
15.000
15.000
15.000
4.000
10.000
2.000
15.000
20.000

00
00
00
00
00
00
00
00
00
00
00

$151,000 00

No. 8.]

377

SAYINGS BANK COMMISSIONERS.

Milford Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Rate.

Amount.

$22,256
71,500
75,000
208,900

14
00
00
00

2 per cent.
4
“
4-i
“
4h
“

Amount.

$50,000
543,006
30,000
71,950

00
00
00
00

Rate.

Amount.

Rate.

4| per cent.
5
“
5i
“ ♦
5i
“

$220,372 19
950 00
2,615 00

6 per cent.
6h
“
7

Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value o f the s a m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1896,
Value, by books, of other real estate held or owned by foreclosure or
otherwise...........................................................................................................
Assessed value o f the same.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 367
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................378
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.............................................................................
Times for the dividends fixed by the by-laws: second Saturday in April
and October.
Rate and amount of each semi-annual dividend J 2 per cent., $34,240 86 1
during the year ending Oct. 31, 1896,
.
.1 2 per cen t, 35,374 37 1
Number of accounts opened during the year ending Oct. 31, 1896,
. 785
Number of accounts closed during the year ending Oct. 31, 1896,
. 536
Total number of open accounts Oct. 31, 1896,
.
.
.
.
5,688
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
.................................................................... .... •
•
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 6 ,.....................................................................................
Number of same................................................................................. 4,754
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896..............................................................................................................
Number of s a m e , .............................................................................4,205
Date of examination by commissioner: March 23.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$25,000
25.000
24.000
894

00
00
00
49

10,870 98
14,400 00
358,343 19
24,455 98
86,244 71

69,615 23

3,595 07
320,039 88

298,843 89

378

REPORT OF THE

[Pub. Doc.

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, 1851. Present number of corporators, 42.
L

evi

L. W

h it n e y

, P r e s id e n t.
D

D

A

a v id

tw ood

a v id

A

tw ood

, T reasu rer.

, C le r k o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
L

evi

fo r

N.

h it n e y

,

A. A

rm sby

S.

W

G

.

J.

D

business every business day except Saturdays, 9 a . m .
9 a . m . t o 12 M .

to

D

Open

L. W

A.

Iba

G

a m ie n

oddabd

D

,

ucharm e

,

eo

,

in t e r

,

udley

.

3 p . m . ; Saturdays,

B alance Sheet October 31, 1896.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stock,
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Insurance......................................
Cash on hand; .
.
.
.

L ia b il it ie s .

$76,000
151,550
21,040
64,000
150

00
00
00
00
00

15,500
7,337
389,750
149,385

00
11
00
00

52,000
700
30,067
1,444
85
676

00
00
38
92
41
71

$959,686 53

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Suspense, .
Rents,

$881,985 83
38,000 00
28,300 70
11,000 00
50 00
350 00

*

$959,686 53

Cash on Deposit in Bank : —
Millbury National Bank, Millbury,


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Federal Reserve Bank of St. Louis

$30,067 38

No. 8.]

379

SAVINGS BANK COMMISSIONERS

Millbury Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
fiO shares
38 shares
100 shares
40 shares

$4,000 00*
3,040 00*

Millbury National Bank, M illb u r y ,..................................
Millbury National Bank, Millbury.......................................
Broadway National Bank, B o s t o n , ..................................
Spencer National Bank, Spencer,
.
.

10,000 00

4,000 00

Loan on Railroad Stock : —
1 share Boston & Albany R .R , ....................................................................

$150 00

* The bank has been notified that these loans, in excess of the legal limit, must be reduced, or
additional collateral furnished.

Detailed Statement o f Public Funds.
Par Value.

City of Columbus, Ohio, 4s,
of Dubuque, Iowa, 6s,
of Milwaukee, Wis , 5s, .
of New Britain, Conn., 4s,
of Kansas City, Mo., 4£s,
of Youngstown, Ohio, 5s,
Town of Westborough, Mass., 5s, .

Estimated
Market Value.

$9,900
3,000
10,800
10,250
26,750
15,600
3,3u0

$10,000
3.000
10,000
10,000
25.000
15.000
3.000
$76,000

00
00
00
00
00
00
00

$79,600 00

Amount Invested.

$10,000
3.000
10,000
10,000
25.000
15.000
3.000

00*
00
00
00
00
00
00

$76,000 00

* A legal investment when made.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

50
42
49
20
100
50
42
25
25
23
57
200
15
12
50

Par Value.

Atlas National Bank, Boston, .
Blaekstone N’l Bank, Boston,
Boston National Bank, Boston,
Continental N’l B’k, Boston, .
Eliot National Bank, Boston, .
First Ward N’l Bank, Boston,.
Globe National Bank, Boston,
Hamilton N’l Bank, Boston, .
Manufacturers’ N’l B'k, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of No. America, Boston,
Nat’l Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$5,000
4,200
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2,300
5,700

$5,700
3,612
4,312
2,000
12,000
6,350
3,486
2,575
2,500
3,335
6,270

00
00
00
00
00
00
00
00
00
00
00

$5,000
4,200
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2,300
5,700

00
00
00
00
00
00
00
00
00
00
00

20,000
1,500
1,200
5,000

27,000
1,455
840
5,250

00
00
00
00

20,000
1,500
1,200
5,000

00
00
00
00

380

REPORT OF THE

[Pub. Doc.

M illbury Savings Bank — Continued.
Detailed Statement o f Bank Stocks — Concluded.
Vh
O

02
O»

Estimated
Market Value.

^ GO
40
3
35
25
74
25
50
13
68
15
40
3
168
40
12à
36
5
27
17
50
9

North National Bank, Boston, .
Old Boston Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third .National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Grafton Nat’l Bank, Grafton, .
Leicester N’l Bank, Leicester,.
Millbury N’l Bank, M illbury,.
Second N’l B’k, Norwich, C t,
Oxford Nat’l Bank, Oxford, .
Central N’l Bank, Worcester, .
Citizens’ N’l Bank, Worcester,
City Nat’l Bank, Worcester, .
Mechanics’ N’l B’k, Worcester,
Quinsigamond National Bank,
Worcester, .
.
.
.
Worcester N’l B’k, Worcester,

$4,000
300
3,500
2,500
7,400
2,500
5,000
1,300
6,800
1,500
4,000
300
16,800
4,000
1,250
3,600
500
2,700
1,700
5,000
900
$151,550

$4,000
315
6,125
2,700
6,364
1,500
5,300
1,391
5,916
1,950
3,200
405
15,120
4,000
1,250
4,860
650
3,915
1,445

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

7,000 00
1,305 00

$4,000
300
3,500
2,500
7,400
2,500
5,000
1,300
6,800
1,500
4,000
300
16,800
4,000
1,250
3,600
500
2,700
1,700

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

5,000 00
900 00

$165,396 00 $151,550 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Fitchburg II R. 4s, .
Fitchburg R.R. 4^s, .
.
.
.
Fitchburg R.R. 5s, .
Providence & Worcester R.R. 6s, .
Vermont & Massachusetts R.R. 5s,
St. Johnsbury & Lake Champlain
R.R 5s,...........................................


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Federal Reserve Bank of St. Louis

Amount Inv'cstccL

$4,000
10,000
10,000
20,000
10,000

$4,000
10,000
10,500
20,200
10,600

10,000

11,800 00

10,000 00

$64,000

$67,100 00

$64,000 00

00
00
00
00
00

$4,000
10,000
10,000
20,000
10,000

00
00
00
00
00

No. 8.]

381

SAYINGS BANK COMMISSIONERS

Millbury Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$ 3 0 ,0 6 7 38
4 8 ,5 5 0 00
1 8 ,4 5 0 00

K ate.

3 per cent.
4
“
4h
“

Amount.

$ 2 5 ,0 0 0 0 0
2 7 2 ,3 6 0 0 0
1 9 ,0 0 0 0 0

R a te.

4|
5

per cent.

5h

“

“

A m o u n t.

$ 2 1 4 ,1 6 5 0 0
1 5 ,5 0 0 0 0

R ate.

6 per cent.
7
“

$15,500 00
Amount invested in real estate for banking purposes,..................................
18,000 00
Estimated value of the same..............................................................................
11,800 00
Assessed value of the s a m e , ............................................................................
870 00
Net income received from same during year ending Oct. 31, 1896,
Value, by books, of other real estate held or owned by foreclosure or
7,337 11
o t h e r w is e ,.....................................................................................................
13,870 00
Assessed value o f the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 256
263,025 00
Aggregate amount of the same...........................................................................
Total number of loans upon real e s t a t e , ...........................................2&
Gross amount o f interest or profits received or earned, as per books, during
45,202 85
year ending Oct. 31, 1896................................................................................
Times for the dividends fixed by the by-laws : second Monday in January
and July.
Kate and amount of each semi-annual dividend J 2 per cent., $17,198 84 ?
34,583 26
during the year ending Oct. 31, 1896,
.
. i 2 per cent., 17,384 42 >
Number of accounts opened during the year ending Oct. 31, 1896,
. 183
Number of accounts closed during the year ending Oct. 31,1896, .
. 214
Total number of open accounts Oct. 31,1896,
.
.
.
.
2,030
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
2,787 52
sive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year end­
96,314 26
ing Oct. 31, 1896,..............................................................................................
Number of s a m e , ..................................................................................... 1,216
Amount of withdrawals, including dividends, during the year ending Oct.
138,798 13
31, 1 8 9 6 , ......................................................................................................
Number of s a m e , ..................................................................................... 1,575
Date of examination by commissioner: April 16.


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Federal Reserve Bank of St. Louis

382

REPORT OF THE

[Pub. Doc.

M IN E R S ’ S A V IN G S B A N K — W E S T STO CKBRID GE.
Incorporated Feb 26, 1872. Present number of corporators, 22.
(Vacant), President.
W illiam C. Spaulding , Treasurer.
W illiam C. Spaulding , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
T heodore S. H eath,
H ubbard F. T hompson,
W illiam C. S paulding,
C harles R. V an B uskirk ,
C. E. B ostwick.
*

Open for business Mondays and Fridays, 9 a . m. to 12 m . ; 1 to 3 p .m .

B

ala n ce

Sh

eet

Octo ber

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Radroad bonds as per schedule,.
Loans on real estate, .
Loans on personal security,
Loans on depositors’ book^,
Deposits in banks, not on interest,

31, 1896.

L ia b il it ie s .

$13,830
10,590
38,595
41,136
17,657
100
171

25
00
00
00
10
00
32

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$115,210 01
4,200 96
652 53
2,016 17

$122,079 67

$122,079 67

Cash on Deposit in Bank : —
Housatonic National Bank, S to c k b r id g e ,....................................................

$17132

Detailed Statement o f Public Funds.

Par Value.

City of Providence, R. I., 5s, .
of Sioux City, Iowa, 6s, .
Town of Rockingham, Vt., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$6,000
3,700
3,000

$6,500 00
3,855 25
3,000 00

$6,975 00
3,855 25
3,000 00

$12,700

$13,355 25

$13,830 25

No. 8.]

383

SAVINGS BANK COMMISSIONERS

Miners’ Savings Bank — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

National Mahaiwe Bank, Great
Barrington.............................
20 City National Bank, Holyoke,
3 Lee National Bank, Lee,.
15 Berkshire N’l B'k, No. Adams,
11 Pittsfield Nat’l Bank, Pittsfield,
4 Agawam N’l B’k, Springfield,
5. First Nat’l Bank, Springfield,.
14 Housatonic National Bank,
Stockbridge,

Estimated
Market Value.

Amount Invested.

10

$1,000
2,000
300
1,500
1,100
400
500

$1,400
2,240
480
1,725
1,650
440
600

00
00
00
00
00
00
00

$1,250
2,200
525
1,725
1,650
440
700

00
00
00
00
00
00
00

1,400

2,100 00

2,100 00

$8,200

$10,635 00

$10,590 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R 4s, .
Dexter & Piscataquis R.R. 4 s,.
Fitchburg R.R. 4s..............................
N. Y. & N. E. R.R. (terminal) 4s, .
Upper Coos R.R. 4£s,
Vermont & Massachusetts R.R. 5s,.

$2,000
3,000
4,000
3,000
10,000
8,000
6,000
$36,000

Estimated
Market Value.

$2,050
3,000
3,960
3,000
11,000
8,720
6,500

Amount Invested.

00
00
00
00
00
00
00

$38,230 00

$2,050
3,000
3,960
2,970
11,175
8,720
6,720

00
00
00
00
00
00
00

$38,595 00

Total Amount o f Loans, with Each Specified Rale o f Interest.
Amount.

$39,355 00

Rate.

5 per cent.

Amount.

$2,970 00

Rate.

oh per cent.

Amount.

$16,568 10

Number of loans which are of an amount not exceeding $3,000 each, . 37
Aggregate amount of the s a m e , ...................................................
Total number of loans upon real e s t a t e , ...........................................28
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.............................................................................
Times for the dividends fixed by the by-laws : first Wednesday in January
and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

6 per cent.

$34,693 10
2,000 00
5,701 34

384

REPORT OF THE

[Pub. Doc.

Miners’ Savings Bank — Concluded.
Rate and amount o f each semi-annual dividend t 1£ per cent., $1,796 321
during the year ending Oct. 31, 1896, .
( 1£ per cent.,
1,731 58 i
Number of accounts opened during the year ending Oct. 31, 1896,
. 26
Number of accounts closed during the year ending Oct. 31, 1896,
. 56
Total number of open accounts Oct. 31, 1 8 9 6 , .................................. 361
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
..............................................................................................
Amount o f deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,..............................................................................................
Number of s a m e , ..................................................................................... 166
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896...............................................................................................................
Number o f s a m e , ..................................................................................... ....
Date of examination by commissioner : September 12.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,527 90

581 83
8,337 95

19,738 18

No. 8 .]

SAYINGS BANK COMMISSIONERS.

385

MONSON S A V IN G S B A N K — M ONSON.
Incorporated March 29, 1872.

Present number of corporators, 27.

E dward F. M orris , President.
F rank E. M orris , Treasurer.
F rank E. M orris , Clerk o f the Corporation.
Names o f committee charged with the investment of its funds :
A. D. N orcross,
R. M. R eynolds ,

E. F. Morris ,
D. G. Potter.

Open for business every business day except Saturdays, 9
Saturdays, 9 a . m . to 12 m .
B

A

alan ce

Sh

eet

Oc to ber

ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
..................................
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
. . .

a .m .

to 12 m . ; 1 to 4 p . m . ;

31, 1896.

L ia b il it ie s ,

$142,000
40,500
7,000
95,000

00
00
00
00

38,000
579,182
11,600
200
52,899
9
261
506

00
00
00
00
38
50
36
02

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$967,158 26

$891,287 47
45,000 00
28,986 34
1,884 45

$967,158 26

Cash on Deposit in Banks, amount in each : —
City National Bank, H o l y o k e , ....................................................................$5,000 00
Monson National Bank, Monson.......................................................................
9
Agawam National Bank, S p ringfield ,............................................................
7,500
.
.
10,000
Chicopee National Bank, S p rin g field ,.................................. ........
John Hancock National Bank, Springfield,...................................................
10,000
Pynchon National Bank, Springfield....................................... ........
10,000
Springfield Safe Deposit and Trust Company, Springfield, .
.
.
.
5,289
Springfield National Bank, S p r i n g f i e l d , ...................................................
5,109

50
00
00
00
00
58
80

Loans on Bank Stock, amount on each : —
43 shares Monson National Bank, Monson.............................................. ........
25 shares Palmer National Bank, Palmer, .
.
.
.
.
.
.
10 shares Springfield National Bank, Spri ngfi el d, .
.
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,500 00
2,500 00
1,000 00

[Pub. Doc.

REPORT OF THE

386

Monson Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Everett, Mass., 4s,
of Grand Rapids, Mich., 4¿s, .
of Holyoke, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton, Mass., 4s,
of Youngstown, Ohio, 5s,
Town of Burlington, Vt., 4s, .
of Methuen, Mass., 4s, .
of Monson, Mass., 4s, .
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

Estimated
Market Value.

$10,100
10,100
10,600
10,500
10,600
10,500
10,300
10,500
10,500
10,400
5,050
5.200
23,100
10,500

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$142,000 $147,950 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

$142,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
25
5
30
25
20
25
20
5
10
11
6
20
5
26
5
25
70
19
20
20
3

Par Value.

Blackstone N’l Bank, Boston, .
Eliot National Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
Nat'l Revere Bank, Boston, .
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
State National Bank, Boston, .
Suffolk N ati Bank, Boston, .
Tremont Nat’l Bank, Boston, .
City National Bank, Holyoke,
Monson Nati Bank. Monson, .
Agawam N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,.
Ware National Bank, Ware, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
2,500
500
3,000
2,500
2,000
2,500
2,000
500
1,000
1,100
600
2,000
500
2,600
500
2,500
7,000
1,900
2,000
2,000
300
$40,500

Estimated
Market Value.

$1,000
2,800
500
4,350
2,775
2,000
2,875
2,000
610
1,050
1,100
600
2,100
530
2,782
500
2,750
9,800
1,900
2,800
2,400
300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$47,522 00

Amount Invested.

$1,000
2,500
500
3,000
2,500
2,000
2,500
2,000
500
1,000
1,100
600
2,000
500
2,600
500
2,500
7,000
1,900
2,000
2,000
300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$40,500 00

No. 8.]

387

SAYINGS BANK COMMISSIONERS.

Monson Savings Bank — Concluded.
Detailed Statement o f Bailroad 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. (is,
.
.
.
.
Fitchburg R.R. 4¿ s ,.
Maine Central R.R. 4s, .
Old Colony R.R. 4 s,.

Estimated
Market Value.

$10,000
10,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000

$10,225
10,300
10,400
10,200
10,400
10,400
6,000
10,100
10,100
10,400

00
00
00
00
00
00
00
00
00
00

$95,000

$98,525 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

$95,000 00

Total Amount o f Loans, with Each Specified Bale o f Interest.

Amount.

$52,899 38
579,182 00

Kate.

4 per cent.
5
“

Amount.

$2,000 00

Kate.

5J per cent.

Kate.

Amount.

$16,800 00

6 per cent.

Amount invested in real estate for banking purposes...................................
Estimated value of the same............................................................................
Assessed value of the sa m e,............................................................................
Net income received trom same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 225
Aggregate amount of the s a m e , ....................................................................
Total number o f loans upon real e s t a t e , .......................................... 269
Gross amount of interest or profits received or earned, as per books, dur' ing year ending Oct. 31, 1 8 9 6 ,....................................................................
Times for the dividends fixed by the by-laivs: first Monday in April and
October.
Rate and amount o f each semi-annual dividend f 2 per cent., $16,944 29 j
during the year ending Oct. 31, 1896,
.
( 2 per cen t,
17,193 99 f
Number of accounts opened during the year ending Oct. 31, 1896, . 231
Number of accounts closed during the year ending Oct. 31, 1896,
. 202
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,167
Total expenses o f the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1896,.....................................................................................
Number of s a m e ,............................................................................ 1,323
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ..............................................................................................
Number of s a m e ,.............................................................................1,185
Date of examination by commissioner: September 3.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$38,000
38.000
18.000
1,275

00
00
00
00

318,440 00

45,608 81

34,138 28

3,152 80
124,004 76

131,894 06

388

REPORT OF THE

[Pub. Doc.

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, 41.
D avid Folger,

Geobqe H. Brock,

P r e s id e n t.

George H. Brock,

C le r k

T reasu rer.

o f th e C o r p o r a tio n .

Names of committee charged with the investment of its funds:
D avid Folger,
David Parker ,

A lmon T. Mowry,
H enry Paddock,
L. F. Bechanan.

Open for business every business day, from May to November, 9
November to May, 10 a .m . to 1 p.m .

B

a la n ce

Sh

eet

Octo ber

A sse ts.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking purposes),
.
.
Real estate by foreclosure, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, . . .
.

a .m .

to 1

p .m . ;

31,1896.

L ia b il it ie s .

$76,000
20,300
725
43,500

00
00
00
00

4,000
3,000
309.897
23,590

00
00
74
00

14,000
16,013
1,411
686
1,506

00
33
12
76
73

$514,630 68

Deposits, .
Guaranty fund,
Profit and loss account, .

$473,241 71
19,917 62
21,471 35

$514,630 68

Cash on Deposit in Banks, amount in each: —
North National Bank, Boston,
Shoe and Leather National Bank, Boston,
Pacific National Bank, Nantucket,

.

$6,149 07
4,864 26
6,411 12

Loans on Bank Stock, amount on each: —
6 shares Pacific National Bank, Nantucket, .
3 shares Pacific National Bank, Nantucket, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$475 00
250 00

No. 8.]

389

SAYINGS BANK COMMISSIONERS

Nantucket Institution for Savings — Continued.
Detailed Statement o f Public Fiends.

Par Value.

City 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 Oshkosh, Wis., 4£s,
of Rockford, 111., 4ès,
of Saginaw, Mich., 4£s, .
of Scranton, Pa , 6s,
of Sioux City, Iowa, 4^s,.
Town of Beverly, Mass., 4s, .
District of Columbia 6s, .

$5,000
1,000
7,000
6,000
10,000
10,000
1,000
2,500
4,000
5,000
3,500
15,000
1,000
5,000
$76,000

Estimated
Market Value.

$5,225
1,200
7,175
6,450
10,500
10,450
1,220
2,587
4,160
5,300
3,500
15,150
1,020
5,600

00
00
00
00
00
00
00
50
00
00
00
00
00
00

$79,537 50

Amount Invested.

$5,000
1,000
7,000
6,000
10,000
10,000
1,000
2,500
4,000
5,000
3,500
15,000
1,000
5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$76,000 00

No. o f 11
Shares. I

Detailed Statement o f Bank Stocks.

7 Blackstone N’l Bank, Boston, .
10 Boylston 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 B’k, Boston,.
10 N’l B’ k of No. America, Boston,
10 Nat’l Exchange Bank, Boston,
15 Nat’l Revere Bank, Boston,
20 North National Bank, Boston,
10 Old Boston Nat’ l Bank, Boston,
15 Shawmut Nat’l Bank, Boston,
10 South End Nat'l Bank, Boston,
14 National Bank of Commerce,
New Bedford,
10 Pacific Nat’l Bank, Nantucket,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$700
1,000
1,000
1,000
1,500
1,000
1,900
800
1,000
1,000
1,500
2,000
1,000
1,500
1,000

$602
1,240
950
1,000
1,800
1,270
1,330
720
970
1,220
1,200
2,000
1,050
1,620
600

$700
1,000
1,000
1,000
1,500
1,000
1,900
800
1,000
1,000
1,500
2,000
1,000
1,500
1,000

1,400
1,000

1,050 00
1,350 00

1,400 00
1,000 00

$20,300

$19,972 00

$20,300 00

Par Value.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

390

REPORT OF THE

[Pub. Doc.

Nantucket Institution for Savings — Continued.
Detailed Statement o f Bailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Maine R.R. 4 s..
Boston, Winthrop & Shore R.R. 5s,
Fitchburg R.R. 4^s, .
.
.
.
Fitchburg R.R. 6s, .
Maine Central R R. 7s, .
Old Colony R.R. 6s,
.
. ' .
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4Js,

$5,000
1,000
5,000
6,000
5,000
2,000
5,000
4,000
500
10,000
$43,500

Estimated
Market Value.

$5,037
1,020
5,100
6,030
4,975
2,020
6,700
4,040
475
10,500

50
00
00
00
00
00
00
00
00
00

$45,897 50

Amount Invested.

$5,000
1,000
5,000
6,000
5,000
2,000
5,0f'0
4,000
500
10,000

00
00
00
00
00
00
00
00
00
00

$43,500 00

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.

$6,149 07
9,864 26
28,500 00

Rate.

Amount.

Rate.

2 per cent.
2è
“

$137,431 00
17,150 00
160,101 74

5 per cent.
5è
“
6

Amount.

$4,500 00
530 00

Rate.

6^ per cent.
7

Amount invested in real estate for banking purposes,..................................
$4,000 00
Estimated value of the same,.............................................................................
5.000 00
Assessed value of the s a m e ,.............................................................................
5,400 00
Net income received from same during year ending Oct. 31, 1896,
168 75
Yalue, by books, of other real estate held or owned by foreclosure or
o t h e r w is e ,......................................................................................................
3.000 00
Assessed value of the s a m e ,............................................................................
3.000 00
Net income received from same during year ending Oct 31, 1896,
106 £0
Number of loans which are of an amount not exceeding $3,000 each,. 199
Aggregate amount of the same...........................................................................
179,706 74
Total number of loans upon real e s t a t e , .................................. ........ 205
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ....................................................................
25,150 06
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., $8,977 48 1
18,081 86
during the year ending Oct. 31,1896,.
.
. (2p ercen t,
9,104 38 1
Number o f accounts opened during the year ending Oct. 31, 1896,
. 104
Number o f accounts closed during the year ending Oct. 31, 1896,
. 139
.
.
.
.
1,254
Total number of open accounts Oct. 31, 1896,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

391

Nantucket Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 6 ,.....................................................................................
Number of s a m e , ..........................................
702
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896..............................................................................................................
Number of s a m e , ............................................................................ 1,152
Date o f examination by commissioner: July 18.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,050 80
55,282 97

67,016 21

[Pub. Doc

REPORT OF THE

392

N A T IC K F IV E CENTS S A V IN G S B A N K — N A T IC K .
Incorporated April 5, 1859. Present number of corporators, 38.
J o h n 0 . W ilson, President.
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.

Names of committee charged with the investment of its funds:
F r a n c is B ig e l o w ,
F . H . H aves,
A lbert M ead .

L e o n a r d W in c h ,
W il l ia m N utt,
F r e d e r i c k O. B asto n ,

Open for business every business day, 9 a . m . to 3 p .m .

B alance Sheet October 31, 1896.

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),
..................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
.
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$165,000
101,100
8,375
129,000

00
00
00
00

19,084
8,916
949,269
26,567

53
49
00
73

98,150
665
56,280
1.977
11,773

00
00
81
76
97

$1,576,160 29

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,445,378 97
72,268 00
18,415 96
40,097 36

$1,576,160 29

Cash on Deposit in Banks, amount in each: —
North National Bank, Boston,
Natick National Bank, Natick,

.
.

$37,000 00
19,280 81

Loans on Bank Stock, amount on each: —
50 shares Natick National Bank, Natick,
40 shares Natick National Bank, Natick,
2 shares Natick National Bank, Naticky


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$4,600 00
3,600 00
175 00

No. 8.]

393

SAYINGS BANK COMMISSIONERS

Natick Five Cents Savings B a n k — Continued.
Detailed statement o f Public Funds.

Par Value.

City of Boston, Mass , 4s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s,
of Fall River, Mass., 5s,
of Newton, Mass., 4s,
of Springfield, Ohio, 5s,
of YVorcester, Mass., 4ès,
Town of Beverly, Mass., 4s,
of Brookline, Mass., 7s,
of Natick, Mass., 4s,
of Orange, Mass., 4s,
of YYrellesley, Mass., 4s,

$10,000

10,000
11,000
17,000
17,000

8,000
6,000

17,000

10,000

30,000
15,000
14,000

Estimated
Market Value.

$10,350
11,300
12,570
19,210
17,590
8,420
6,240
17,375
10,300
31,075
15,200
14,120

00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested,

$10,000 00
10.000 00
11,000 00
17,000 00
17,000 00
8,000 00
6,000 00
17,000 00
10,000 00
30,000 00
15,000 00
14,000 00

$165,000 $173,750 00 $165,000 00

No. o f
Shares.

Detailed Statement o f Bank Stocks.

26
115
7
27
13
5
19
70
62
46

10

15
46
42
51
14
30
15
27

10
20
7

20
55
32

Par Value.

Atlas National Bank, Boston, .
Boston National Bank, Boston,
Bovlston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston, .
Continental N’l Bank. Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Metropolitan N’l B’k, Boston, .
Monument N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston, .
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
North National Bank, Boston,
Second National Bank, Boston,
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Home Nat’l Bank, Brockton, .
First National Bank, Chelsea,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,600
11,500
700
2,700
1,300
500
1,900
7,000

6,200

4,600

1,000

1.500
4,600
4,200
5,100
1,400
3,000
1,500
2,700

1,000
2,000
700

2,000
5,500
3,200

Estimated
Market Value.

$2,964 00

10,120 00
868 00
3,105 00
1,235 00
500 00
2,280 00
5,530 00
5,270 00
6,670 00
900 00
3,375 00
5,106 00
5,670
4,947
1,610
4,140
1,830
2,700
1,750

1,200

742
2,600
9,075
3,200

00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$2,600
11,500
700
2,700
1,300
500
1,900
7,000

6.200

4,600

1,000

1,500
4,600
4,200
5,100
1,400
3,000
1,500
2,700

1,000
2,000
700

2,000
5,500
3,200

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

394

REPORT OF THE

[Pub. Doc.

N a tic k F iv e C ents Savings B a n k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

Par Value.

33
37

Dedham Nat’l Bank, Dedham,
Wachusett N’l B’k, Fitchburg,
120 Natick Nat’l Bank, Natick,
20 Newton Nat’l Bank, Newton, .
17 Framingham National Bank,
South Framingham,

$3,300
3,700

Estimated
Market Value.

00
00
00
00

$3,300 00
3,700 00
12,000 00
2,000 00

1,700

1,955 00

1,700 00

$101,100

$115,807 00

$101,100 00

12,000
2,000

$3,465
7,400
13,800
1,800

Amount Invested.

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$10,000

$10,350 00

$10,000 00

6,000

6,720 00
15,075 00
10,000 00
25,875 00
17,420 00
15,450 00
7,070 00
19,080 00
10,300 00

6,000 00
15,000 00
10,000 00
25,000 00
13,000 00
15,000 00
7,000 00
18,000 00
10,000 00

$129,000 $137,340 00

$129,000 00

Par Value.

Boston & Albany R.R. 4s,
Boston. Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Dexter & Piscataquis R.R. 4 s,.
Fitchburg R.R. 5s, .
Maine Central R.R. 7s, .
Old Colony R.R. 4s,
. . .
Old Colony R.R. 6s,.
Vermont & Massachusetts R.R. 5s,
Worcester & Nashua R.R. 4s, .

15,000

10,000

25,000
13,000
15,000
7,000
18,000

10,000

Total Amount o f Loans, with Each Specified Rale o f Interest.
Amount.

$56,280 81
77,750 00
21,100 00

Bate.

2 per cent.
4
“
44
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$5,000 00
597,438 73
107,871 00

Kate.

Amount.

Bate.

4| per cent.
5
“

$272,817 00
1,050 00

6 per cent.

54

“

64

“

No. 8.]

SAYINGS BANK COMMISSIONERS.

395

Natick Five Cents Savings Bank — Concluded.
Amount invested in real estate for banking purposes,....................................
Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate held or owned by foreclosure or other­

$19,084 53
19,000 00
17,300 00

8,916 49
wise, ....................................................................................................................
10,500 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each,. 505
596,026 73
Aggregate amount of the same, .
.
......................................................
Total number of loans upon real e s t a t e , .................................... ......... 538
3,500 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
74,838 12
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: first Tuesday in May and
November.
Rate and amount of each semi-annual dividend ( 2 per cent., $24,960 54 ) 50,857 80
during the year ending Oct. 31, 1896,.
.
I 2 per cent.,
25,897 26 >
Number of accounts opened during the year ending Oct. 31, 1896, . 815
Number of accounts closed during the year ending Oct. 31, 1896,
. 449
Total number of open accounts Oct. 31, 1896,
.
.
.
.
6,215
Total expenses of the corporation for the year ending Oct. 31,1896 (exclu­
3,735 22
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
335,352 90
ing Oct. 31, 1896................................................................. .........
Number of s a m e , ..........................................................................................6,229
Amount of withdrawals, including dividends, during the year ending Oct.
292,296 75
31, 1896....................................................................................................................
Number of s a m e , ......................................................................... ......
Date of examination by commissioner: January 31.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4,613

396

REPORT OF THE

[Pub. Doc

N E W BEDFORD F IV E CENTS S A V IN G S B A N K — N E W
BE DFORD .
Incorporated April 14, 1855.

Present number of corporators, 149.

L oum S n o w , President.

W

il l ia m

H. P i t m a n , Treasurer.

J a m e s T a y l o r , 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 ,
T h o m a s W il c o x ,
W il l i a m R . W in g ,
O l i v e r P . B r ig h t m a n ,

Open for business every business day,
B

alance

L oum Sn o w ,
P a k k m a n M. L u n d ,
O tis N. P i e r c e ,
G e o r g e F . K in g m a n .
a .m .

to 1 p . m . ; Saturdays, 7 to 9

Sheet O ctober

p .m .

31, 1896.

L ia b il it ie s .

A ssets.

$1,013,500 00
Public funds as per schedule,
25.000 00
Loans on public funds,
191.500 00
Bank stock as per schedule,
31.500 00
Loans on bank stock,.
384.500 00
Railroad bonds as per schedule,
47.000 00
Loans on railroad stock. .
Real estate (for banking pur­
92.000 00
poses)...........................................
128,531 52
Real estate by foreclosure,.
2,448,493 94
Loans on real estate, .
2,231,248 80
Loans on personal security,
Loans to counties, cities or towns
75.500 00
(notes)..........................................
150 00
Loans on depositors’ books,
59,405 53
Deposits in banks, on interest, .
1,097 72
Expense account,
.
.
6,004 69
Cash on hand,
.
.
.
.
$6,735,432 20

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Surplus fund, .
Discount account, .
Suspense account, .
Rent account, .

$6,364,378 16
279,652 35
12,386 85
2,556
60,963
6,728
7,723
1,042

29
31
75
51
98

$6,735,432 20

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston.............................................................. $2,719 45
Citizens’ National Bank, New Bedford..............................................................
786
First National Bank, New B e d f o r d ,...............................................................
9,071
Mechanics’ National Bank, New B edford ,......................................................
4,839
Merchants’ National Bank, New B ed ford ,......................................................
323
National Bank of Commerce, New B e d f o r d , .............................................
40,871
Third National Bank, S p r i n g f i e l d ,...............................................................
115
Pynchon National Bank, Springfield,...............................................................
676


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

98
72
57
81
69
50
81

No. 8.]

397

SAYINGS BANK COMMISSIONERS

New Bedford. Five Cents Savings Bank — Continued.
Loan on Public Funds: —
$ 15,000 Town of Ipswich, Mass , 4s, .
.
$ 10,000 Town of Attleborough, Mass., 4s, .

.

.

I

$25,000 00

Loans on Bank Stock, amount on each : —
o
o

»o'

19 shares Merchants’ National Bank, New Bedford,
34 shares National Bank of Commerce, New Bedford,
10 shares Citizens’ National Bank, New Bedford, .
8 shares National Exchange Bank, Boston,
7 shares Globe National Bank, Boston, .
8 shares Suffolk National Bank, Boston, .
.
2 shares National Bank of Redemption, Boston,
112 shares National Bank of Commerce, New Bedford,
31 shares Citizens’ National Bank, New Bedford,
11 shares First National Bank, New Bedford, .
100 shares Broadway National Bank, Boston,
43 shares Fourth National Bank, Boston, .

00

1

\

2,000 00

1
J

7,000
2,500
1,000
10,000
4,000

00
00
00
00
00

Loans on Railroad Stock, amount on each: —
$45,000 00

392 shares Boston & Maine R.R .,
.
.
.
.
8 shares Boston & Albany R .R.,
.
.
.
.
16 shares Fitchburg R . R . , .............................................

1

2,000 00

Detailed Statement of Public Funds.
Par Value.

City of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of

Bangor, Me., 6s, .
Bay City, Mich., 4s,
Bay City, Mich., 5s, .
Boston, Mass., 3às,
Boston, Mass., 4s,
Chelsea, Mass., 4s,
Cleveland, Ohio, 4£s, .
Danbury, Conn , 4s, .
Dayton, Ohio, 5s,
Detroit, Mich., 4s,
Detroit, Mich., 7s,
East Saginaw, Mich., 5s,
Fall River, Mass., 4s, .
Fall River, Mass., 5s, .
Fall River, Mass., 6s, .
Grand Rapids, Mich., 5s,
Holyoke, Mass., 6s,
Lynn, Mass., 4s, .
Manchester, N. H , 4s,
Meriden, Comi., 4s,
New Bedford, Mass.,4s,
New Bedford, Mass.,6s,
New Haven, Conn , 3^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$66,000
13,000
5,000
50,000
10,000
20,000
25,000
30,000
50,000
50,000
7,000
25,000
10,000
17,000
73,000
50,000
50,000
25,000
50,000
20,000
50,000
29,000
50,000

Estimated
Market Value.

$69,630
13,080
5,750
50,000
10,350
20,200
25,500
30,600
54,100
52,000
8,360
26,625
10,500
19,210
83,220
55,000
53,500
26,000
51,500
20,400
52,500
29,990
49,750

* A legai 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

Amount Invested.

$66,000
13,000
5,000
50,000
10,000
20,000
25,000
30,000
50,000
50,000
7,000
25,000
10,000
17,000
73,000
50,000
50,000
25,000
50,000
20,000
50,000
29,000
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

398

REPORT OF THE

[Pub. Doc.

New Bedford Five Cents Savings Bank — Continued.

Detailed Statement of Public Funds— Concluded.
Par Value.

City of Newton, Mass., -is,
of Norwich, Conn., 6s,
of Saginaw, Mich., 5Js, .
Town of Middleborough, Mass.
(Fire District), 4s,
United States 4s,
United States 5s,
United States 6s,
. . .

$50,000
13,000
10,000
65,500
10,000
40,000
50,000

Estimated
Market. Value.

Amount Invested.

$52,000 00
13,325 00
11,800 00

$50,000 00
13,000 00
10,000 00

66,155
10,850
44,600
51,860

00
00
00
00

65,500
10,000
40,000
50,000

00
00
00
00

$1,013,500 $1,068,355 00 $1,013,500 00

No. of
Shares.

Detailed Statement of Bank Stocks.
Par Value.

100 First National Bank, Boston, .
100 Merchants’ N’l Bank, Boston, .
120 Nat’l Revere Bank, Boston,
20 State National Bank, Boston, .
12 Tremont Nat’l Bank, Boston, .
15 Winthrop Nat’l Bank, Boston,
100 Franklin N’l Bank, Franklin, .
200 Citizens’ N’l B’k, New Bedford,
325 First N’l Bank, New Bedford,
523 Merchants’ Nat’l Bank, New
Bedford,
.
.
.
.
300 National Bank of Commerce,
New Bedford,
100 Third Nat’l Bank, Springfield,

$10,000
10,000
12,000
2,000
1,200
1,500
10,000
20,000
32,500

Estimated
Market Value.

$23,000
14,500
9,600
2,120
1,008
1,950
11,000
23,000
48,750

00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
10,000
12,000
2,000
1,200
1,500
10,000
20,000
32,500

00
00
00
00
00
00
00
00
00

52,300

104,600 00

52,300 00

30,000
10,000

24,000 00
20,000 00

30,000 00
10,000 00

$191,500

$283,528 00 $191,500 00

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Lowell R.R 4s,
Boston & Maine R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
Old Colony R.R. 6s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$89,000
50.000
62,500
50.000
118,000
• 25,000
$384,500

Estimated
Market Value.

$89,890
51.000
63.000
49,500
117,410
25,250

00
00
00
00
00
00

Amount Invested.

$89,000
50.000
52,500
50.000
118,000
25.000

00
00
00
00
00
00

$396,050 00 $384,500 00

No. 8.]

399

SAYINGS BANK COMMISSIONERS.

New Bedford Five Cents Savings Bank — Concluded.

Total Amount of Loans, withEach SpecifiedRate of Interest.
Kate.

Amount.

$11,462
49,943
33,500
313,620
4,000

12
41
00
00
00

2 per cent.
2£
“
4
“
4i
“
4|
“

Amount.

$345,500
1,165,436
402,300
1,421,403
3,000

Kate.

00
60
00
94
00

4| per cent.
5
5i
“
ni
“
5|
“

Kate.

Amount.

$678,462
17,100
409,820
62,750

20
00
00
00

6 per cent.
64
“
H
“
7

$92,000 00
Amount invested in real estate for banking purposes,
.
.
.
.
115.000 00
Estimated value of the same.................................................................................
93,350 00
Assessed value of the same,.................................................................................
Net income received from same during year ending Oct. 31, 1896,
1,651 27
Value, by books, of other real estate held or owned by foreclosure or
128,531 52
otherwise,............................................................................................................
106.000 00
Assessed value of the sam e,................................................................................
7,723 51
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 744
975,173 80
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................870
Gross amount of interest or profits received or earned, as per books, dur­
309,680 04
ing year ending Oct. 31, 1 8 9 6 ,........................................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount ofeach semi-annual dividend J 2per cent., $116,085 17 1 236,150 92
during the year ending Oct. 31, 1896,
.
12per cent., 120,065 75J
Number of accounts opened during the year ending Oct. 31, 1896,
3,549
Number of accounts closed during the year ending Oct. 31, 1896,
2,295
Total number of open accounts Oct. 31, 1896,
.
.
.
.
21,963
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
16,705 07
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
1,388,650 04
ending Oct. 31, 1896,..........................................................................................
Number of s a m e ,.................................................................................
23,945
Amount of withdrawals, including dividends, during the year ending Oct.
1,205,804 93
31, 1896............................................................. .....................................................
Number of s a m e ,........................................................................................ 14,800
Date of examination by commissioner: November 5.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

400

EEPOET OF THE

[Pub. Doc

IN S T IT U T IO N FOR
BE DFORD .

S A V IN G S — N E W

NEW

BEDFORD

W

W . C r a p o , President.
W il l ia m G . W

Incorporated J udo 16, 1825.
il l i a m

Present number o f corporators, 112.
C h a r l e s H . P e i r c e , Treasurer.

•
ood ,

Clerk o f the Corporation.

Names of committee charged with the investment o f its funds:
W il l ia m W a t k in s ,
H o r a t io H a t h a w a y ,
E d w ar d S. T a b e r ,
A ndrew G.

Open for business every business day, 9
Balance

W i l l i a m W . Cr a p o ,
E d w a r d D. M a n d e l l ,
G il b e r t A l l e n ,
P ie r c e .

a .m .

to 1 p . m . ; Saturdays, 2.30 to 5

Sh ee t O cto ber

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,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses)...........................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.

f .m .

31, 1896.

L ia b il it ie s .

$3,068,500 00
32,500 00
1,359,360 00
17,025 00
648.000 00
7,500 00
200.000 00

Deposits, .
$12,392,060 61
Guaranty fund,
630,000 00*
Profit and loss ac­
count, .
.
.
163,434 63
1

113,614 05
3,119,575 00
4,094,924 61
200,565 00
335 00
271,367 08
1,832 29
50,397 21
$13,185,495 24

$13,185,495 24
1

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
National Revere Bank, Boston, .
.
.
.
Citizens’ National Bank, New Bedford,
First National Bank, New Bedford,
Mechanics’ National Bank, New Bedford, .
Merchants’ National Bank, New Bedford, .
National Bank of Commerce, New Bedford,
Third National Bank, Springfield,
* This amount has since been reduced within the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$27,067
20,958
29,671
32,837
4,718
56,027
75,086
25,000

53
82
92
31
21
08
21
00

No. 8.]

401

SAYINGS BANK COMMISSIONERS

New Bedford Institution for Savings — Continued.
Loans on Public Funds, amount on each : —
$7,500 00
25,000 00

$7,500 United States 4 s , .............................................
$25,000 Town of Ipswich 4 s , ....................................
Loans on Bank Stock, amount on each : —

$100 00

7
9
15
22
10
25
17
6
9
13
12

shares Southbridge National Bank, Southbridge, .
shares First National Bank, New Bedford, .
shares Mechanics’ National Bank, New Bedford, .
shares National Bank of Commerce, New Bedford,
shares National Bank of Commerce, New Bedford,
shares Falmouth National Bank, Falmouth, .
shares First National Bank, New Bedford,
shares National Bank of Commerce, New Bedford,
shares Merchants’ National Bank, New Bedford, .
shares Mechanics’ National Bank, New Bedford, .
shares Mechanics’ National Bank, New Bedford, .
10 shares First National Bank, New Bedford, .
50 shares Citizens’ National Bank, New Bedford,
20 shares Citizens’ National Bank, New Bedford,
10 shares First National Bank, New Bedford,
9 shares First National Bank, New Bedford,
.
5 shares Mechanics’ National Bank, New Bedford, .
5 shares Mechanics’ National Bank, New Bedford, .

I

4,300 00*

I

1,755 00

I

1,000 00

I

1,000 00

I

600 00
4,500 00
970 00
1,000 00

800 00
500 00
600 00

Loan on Railroad Stock : —
50 shares Boston & Albany R.R .,

.

.

.

$7,500 00

.

* This loan, in excess of the legal limit, has since been paid.

Detailed Statement of Public Funds.
Par Value.

City of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of

Bangor, Me., 6s, .
Bath, Me., 6s,
Boston, Mass., 4s,
Boston, Mass., 5s,
Boston, Mass., 6s,
Cambridge, Mass., 6s,.
Chelsea, Mass., 4s,
Chelsea, Mass., 6s,
Cleveland, Ohio, 4£s, .
Cleveland, Ohio, 5s, .
Cleveland, Ohio, 6s, .
Danbury, Conn., 4s, .
Dayton, Ohio, 5s,
Detroit, Mich., 4s,
East Saginaw, Mich., 5s,
Fall River, Mass., 5s, .
Fall River, Mass., 6s, .
Fort Wayne, Ind., 6s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested,

$100,000 $105,500 00 $100,000 00
13,000
13,260 00
13,000 00*
100,000 00
100,000
100,500 00
472,300 510,680 00 427,300 00
1,130 00
1,000 00
1,000
1,000 00
1,140 00
1,000
50,000 00
50,000
51,500 00
25,250 00
25,000 00
25,000
100,000 00
102,000 00
100,000
11,000 00
11,000
11,495 00
14,000 00
14,000
14,070 00
51,000 00
50,000 00
50,000
106,000 00
100,000 00*
100,000
306,000 00 300,000 00
300,000
31,500 00
31,500
31,815 00
1,000 00
1,015 00
1,000
1,000 00
1,000 00
1,000
32,240 00
31,000 00
31,000

* Legal investments when made.

402

[Pub. Doc

REPORT OF THE

New Bedford Institution for Savings — Continued.
Detailed Statement o f Public Funds — Concluded.

Par Value.

Estimated
Market Value.

Amount Invested.

City of Grand Rapids, Mich., 5s,
$130,000 $143,000 00 $130,000 00
2,160 00
of Lawrence, Mass., 6s, .
2,000
2,000 00
20,000
20,050 00
20,000 00
of Lowell. Mass., 4s,
161,430 00
of Lynn, Mass., 4s, .
162,000
162,000 00
of Middletown, Conn., 6s,
7.000
7,630 00
7,000 00
of Milwaukee, Wis., 5s, .
72,000
78,480 00
72,000 00
50,000
of New Bedford, Mass., 4s,
51,500 00
50,000 00
10,700 00
of New Bedford, Mass., 5s,
10,000
10,000 00
of New Bedford, Mass , 6s,
147,420 00
126,000 00
' 126,000
of Pawtucket, R. L, 5s, .
5,000
5,100 00
5,000 00*
50,000
51,750 00
50,000 00
of Peoria. 111., 4^s, .
50,000
53,250 00
50,000 00
of Providence, R. L, 4s, .
6,120 00
of Providence, R. 1 , 4£.s, .
6,000
6,000 00
of Providence, R. L, 5s, .
94,000
102,460 00
94,000 00
of Providence, R T, 6s, .
2,000
2,160 00
2,000 00
of Salem, Mass., 4s,
100,000
102,000 00
100,000 00
60,000
of Springfield, Ohio, 4^s,
66,900 00
60,000 00
of Waltham, Mass., 4s, .
25,750 00
25,000 00
25,000
of Woonsocket, R. L, 4 s,.
50,000
51,000 00
50,000 00
Town of Attleborough, Mass., 7s, .
31,000
40,120 00
34,000 00
84,000
86,520 00
District of Columbia 5s, .
84,000 00
District of Columbia 6s, .
22,400 00
20,000 00
20,000
300,000
300,000 00
United States 5s,
. . .
330,000 00
243,009 00
United States 4s,
207,700
207,700 00
$3,068,500 $3,279,504 00 $3,068,500 00
* A legal investment when made.

No of
Shares.

Detailed Statement o f Barile Stocks.

360
150
260
250
90
30
230
90
140
440
230

Atlas National Bank, Boston, .
Bo>ton National Bank. Boston,
Columbian Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Hamilton Nat’ l Bank, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts N’l B’k. Boston,
Merchants’ N’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

$36,000
15.000
26,000
25,000
9,000
3,000
23.000
9,000
14,000
44,000
23,000

$41,040
13,350
24,960
25,000
10,890
2,400
53,590
9,540
12,320
36,080
33,350

Amount Invested.

$36,000
15,000
26,000
25,000
9,000
3,000
23,000
9,000
14,000
44,000
23,000

00
00
00
00
00
00
00
00
00
00
00

No. 8.]

403

SAYINGS BANK COMMISSIONERS

New Bedford Institution for Savings — Continued.

No. of
Shares

Detailed Statement o f Bank Stocks — Concluded.

100
460
200
380
200
490
30
170
20
200
500
130
40
230
530
140
140
90
175
130
18
200
22
200
250
45
150
1000
1356
1000
1096
1366
200
70

Estimated
Market Value.

Amount Invested.

$10,000
46,000

$22,500
51,520

$10,000 00
46,000 00

20,000
38,000
20,000
49,000
3,000
17,000
2,000
20,000
50,000
13,000
4 000
23,000
53,000
14,000
14,000
9,000
17,500
13,000
1,800
20,000
1,760
20,000
25,000
4,500
15,000
100,000
135,600

27,400
35,720
23,200
67,220
2,340
11,900
2,480
21,000
40,000
16,900
5,960
23,000
92,750
15,120
12,040
9,540
14,700
13,130
2,358
20,000
1,760
21,000
31,250
5,850
24,000
115,000
203,400

20,000
38,000
20,000
49,000
3,000
17,000
2,000
20,000
50,000
13,000
4,000
23,000
53,000
14,000
14,000
9,000
17,500
13,000
1,800
20,000
1,760
20,000
25,000
4,500
15,000
100,000
135,600

100,000

180,000

100,000 00

109,600

219,200

109,600 00

136.600
20,000

109,280
40,000

136,600 00
20,000 00

7,000

8,050

7,000 00

Par Value.

Monument N’l Bank, Boston, .
N’l B’k of Commerce. Boston,
National Bank of the Com­
monwealth, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’ l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Union Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
Second Nat’l 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,
Fairhaven N’l B'k, Fairhaven,
Fall River N’l B’k, Fall River.
Metacomet N’l B’k, Fall River,
Railroad Nat’l Bank, Lowell, .
First National Bank, Malden,.
Citizens’ N’l B’k, New Bedford,
First N’l Bank, New Bedford,
Mechanics’ Nat’l Bank, New
Bedford,
.
.
.
.
Merchants’ Nat’l Bank, New
Bedford.................................
National Bank of Commerce,
New Bedford,
Third Nat'l Bank, Springfield,
National Bank of South Read­
ing, Wakefield, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,359,360

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1,752,088 $1,359,360 00

404

REPORT OF THE

[Pub. Doc

New Bedford Institution for Savings — Concluded.
Detailed Statement of Railroad Bonds,

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4^s,
Boston & Lowell R.R. 5s,
Boston & Maine R.R. 4 s,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 44s, .
.
.
.
Fitchburg R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R.R. 6s,
. . .

$13,000
20,000
36.000
200,000
30.000
200,000
38.000
50.000
61.000
$648,000

Estimated
Market Value.

$14,560
20,700
36,720
204.000
30,300
199.000
38,570
52,000
61,610

00
00
00
00
00
00
00
00
00

$657,460 00

Amount Invested.

$13,000
20,000
36.000
200,000
30.000
200,000
38.000
50.000
61.000

00
00
00
00
00
00
00
00
00

$648,000 00

V

Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.

$48,026
28,340
20,000
68,000
1,069,000
461,825

Rate.

35
73
00
00
00
00

2 per cent.
2é
»
3*
«
3|
“
4
«
4i
“

Amount.

$1,635,200
297,274
1,502,062
126,850
762,224

Rate.

00
19
50
00
92

44 per cent.
4|
“
5
“
54
“
51
“

Amount.

$12,000
1,046.133
50,900
681,955
134,000

Rate.

00
00
00
00
00

5| per cent.
6
“
6|
«
64
“
7
“

Amount invested in real estate for banking purposes,.................................... $113,614 05
Estimated value of the s a m e , ........................................................................ 113,614 05
Assessed value of the s a m e ,.................................................................................
100,700 00
Number of loans which are of an amount not exceeding $3,000 each, . 466
Aggregate amount of the s a m e , ........................................................................
591,685 75
Total number of loans upon real e s t a t e , ............................................. 514
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1896......................................................................................
606,548 78
Times for the dividends fixed by the by-laws: first Monday in April and
October.
Rate and amonnt of each semi-annual dividend f 2 per cent., $238,228 13 1
oin oq
during year ending Oct. 31, 1896,
.
.
I 2 per cent., 241,582 86 J
’
Number of accounts opened during the year ending Oct. 31, 1896,
2,334
Number of accounts closed during the year ending Oct. 31, 1896,
2,028
Total number of open accounts Oct. 31, 1896,
.
.
.
.
22,656
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes)...........................................................................................................
24,040 60
Amount of deposits, ,not including dividends, received during the year end­
ing Oct. 31, 1896,................................................................................................... 1,559,318 60
Number of s a m e , ................................................................................ 13,990
Amount of withdrawals, including dividends, during the year ending Oct.
81, 1 8 9 6 , ............................................................................................................ 1,790,426 79
Number of s a m e , ........................................................................ ........
17,029
Date of examination by commissioners : November 5 and 0.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

NEW BUEYPORT

F IV E

CENTS S A V IN G S
BU RYPORT.

Incorporated April 24, 1854.

4 05

B A N K -N E W -

Present number of corporators, 48.

Moses H. Fowler, President.
J. A. Maynard, Treasurer.
J. A . Maynard, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
A . W . Greenleaf,
Moses H. F owler,

N athaniel Dole,
W m . F. H ouston.

Open for business every business day except Saturdays, 9 a .m . to 1 p .m . ; 2.30 to 4 p .m . ;
Saturdays, 9 a . m. to 1 p.m.

B alance Sheet October 31, 1896.

L ia b il it ie s .

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on railroad stock, .
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$339,400
140,800
29.000
186,000
1,000

00
00
00
00
00

30.000
2,000
487,025
151,552
49,902
185
7,512

00
00
00
50
62
84
94

$1,424,378 90

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Premium account, .

$1,265,846 40
66,160 94
78,648 26
10,000 00
3,723 30

$1,424,378 90

Cash on Deposit in Banks, amount in each: —
First National Bank, Newburyport.....................................................................$39,902 62
Merchants’ National Bank, Newburyport,......................................................
10,000 00
Loans on Bank Stock, amount on each: —
49
40
50
200

shares
shares
shares
shares

Ocean National Bank, N e w b u r y p o r t ,.................................... $2,000 00
First National Bank, I p s w ic h ,......................................................
3,000 00
Essex National Bank, H a v e r h i l l , .............................................
4.000 00
Broadway National Bank, B o s t o n ,.............................................
20,000 00

Loan on Railroad Stock: —
10

shares Boston & Maine R . R . , .................................................................... $1,000 00


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Federal Reserve Bank of St. Louis

406

REPORT OF THE

[Pub. Doc

Newburyport Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 3Js,
of Cambridge, Mass., 4 s,.
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s, .
of Cleveland, Ohio, 6s, .
of Danbury, Conn., 4s,
of Fall River, Mass., 5s, .
of Grand Rapids, Mich., 4£s, .
of Lynn, Mass., 4s, .
of Marlborough, Mass., 4s,
of Meriden, Conn., 4s,
of Nashua, N. H., 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., 4 s,.
Town of Arlington, Mass , 4s,
of Cranston, R. I., 4s, .
County of Aroostook. Me., 4£s,
United States 4s,
. . .

$10,000
20,000
20,000
25,000
6,000
10,000
14,000
15,000
15,000
30,000
15,000
10,000
10,000
10,000
14,000
10,000
14,000
25,000
5 000
16,400
•15,000
10,000
20,000

Estimated
Market Value.

$10,550
20,000
21,000
25,250
6,060
10,100
14,280
15,225
16,050
30,230
15,450
10,100
10,200
10,100
14,420
10,300
14,420
25,750
5,050
16,525
15,150
10,500
23,400

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.

$10,000
20,000
20,000
25,000
6,000
10,000
14,000
15,000
15,000
30,000
15,000
10,000
10,000
10,000
14,000
10,000
14,000
25,000
5,000
16,400
15,000
10,000
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

$339,400 $350,110 00 $339,400 00
*A

le g a l in v e s tm e n t w h e n m a d e .

No. o f
Shares.

Detailed Statement o f Bank Stocks.

10
60
22
100
8
82
42
33
50
50
10
15
76

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank. Boston,
Boylston Nat’l Bank, Boston, .
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
6,000
2,200
10,000
800
8,200
4,200
3,300
5,000
5,000
1,000
1,500
7,600

Estimated
Market Value.

$1,090
6,840
1,892
8,962
992
7,872
4,200
3,993
4,000
4,200
1,050
1,320
5,833

00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$1,000
6,000
2,200
10,000
800
8,200
4,200
3,300
5,000
5,000
1,000
1,500
7,600

00
00
00
00
00
00
00
00
00
00
00
00
00

No. 8.]

SAVINGS BANK COMMISSIONERS

407

Newburyport Five Cents Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks— Concluded.

18
100

N’l B'k of Commerce, Boston,
National Bank of the Common­
wealth, Boston, .
10 N’l B'k of No. America, Boston,
23 N’l B’k of the Republic, Boston,
80 National City Bank, Boston, .
74 National Eagle Bank, Boston,
5 Nat’ l Exchange Bank, Boston,
25 N’l Hide & Leather B’k, Boston,
37 National Revere 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 Nat’l Bank, Boston,
158 Third National Bank, Boston,.
25 Tremont Nat’l Bank, Boston,
56 First N’l Bank, Newbury port,
50 Mechanicks’ Nat’l Bank, New­
bury port,
.
.
.
.
60 Ocean N’l Bank, Newburyport,

Par Value.

Estimated
Market Value.

$1,800

$2,025 00

$1,800 00

10,000
1,000
2,300
8,000
7,400
500
2,500
3,700
2,400
3,700
1,000
1,000
7,000
800
15,800
2,500
5,600

13,750
970
3,174
6,240
5,180
620
2,650
2,960
3,120
3,626
1,490
1,080
6,020
856
13,953
2,100
7,112

10,000
1,000
2,300
8,000
7,400
500
2,500
3.700
2,400
3,700
1,000
1,000
7,000
800
15,800
2,500
5,600

5,000
3,000
$140,800

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

6,600 00
3,000 00

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

5,000 00
3,000 00

$138,770 00 $140,800 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s..
Boston & Maine R.R. 44s,
Concord & Montreal R.R. 4s, .
Fitchburg R R. 44s, .
.
.
.
Fitchburg R.R. 5s..............................
Old Colony R.R. 44s,
Old Colony R.R. 6s,
. . .
St. Johnsbury & Lake Champlain
R.R. 5s,
.
.
.
.
.
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$30,000

10,000

35,000
25,000
25,000
15,000
10,000
5,000

10,000
10,000
11,000
$186,000

Estimated
Market Value.

$30,300
10,250
39,900
25,250
25,000
15,225
10,000
5,050

00
00
00
00
00
00
00
00

11,800 00
9,500 00
11,275 00

Amount Invested.

$30,000
10,000
35,000
25,000
25,000
15,000
10,000
5,000

00
00
00
00
00
00
00
00

10,000 00
10,000 00
11,000 00

$193,550 00 $186,000 00

408

REPORT OF THE

[Pub. Doc.

Newburyport Five Cents Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$39,902 62
10,000 00
30,800 00

Bate.

2 per cent.
4
H
“

Amount.

$329,602 50
4,000 00
90,550 00

Bate.

5 per cent.
H “
Bi “

Amount.

$211,150 00
2,475 00

Bate.

6 per cent.
7

Amount invested in real estate for banking purposes, .
.
.
.
.
Estimated value of the same,........................................................................
Assessed value of the s a m e ,.............................................
Net income received from same during year ending Oct. 31, 1896,
Value, by books, of other real estate held or owned by foreclosure or other­
wise, .................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each,. 278
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................307
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. 3 1 ,1 8 9 6 ,........................................................................
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., $22,826 51 )
during the year ending Oct. 31, 1896, .
.
( 2 per cent., 23,412 24 \
Number of accounts opened during tbe year ending Oct. 31, 1896,
. 308
Number of accounts closed during the year ending Oct. 31, 1896,
. 280
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3 450
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes)........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of same, ............................................................... .........
.
1486
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896....................................................................................................................
Number of s a m e , ........................................................................................... jij
Date of examination by commissioner: June 18.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$30,000
35.000
33.000
1,423

00
00
00
64

2,000 00

5,250 00
283,275 00

2.000 00
64,382 52

46,238 78

2,929 37
171,762 31

148,670 88

No. 8.]

409

SAYINGS BANK COMMISSIONERS

N E W T O N S A V IN G S B A N K — N E W T O N .
Incorporated Jane 17, 1831.

Present number of corporators, 13.

James F. C. H yde, President.
A dolphes J. Blanchard, Treasurer.
Charles A. Miner, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
J. F. C. H yde ,

F rancis M urdock,
Samuel M. Jackson.

Open for business every business day except Saturdays, 9 a .m . to 12 m. ; 2 to 4 p. m. ;
Saturdays, 9 a . m . to 1 p .m .

B alance Sheet Octobek 31, 1896.

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
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,
Suspense account,
Cash on hand,

$96,000
38,739
5,950
293,000
6,000

00
50
00
00
00

13,135
53,180
2,015.766
476,399

95
58
09
68

20,000
47,134
1,212
3,625

00
08
55
93

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$2,876,567 93
76,000 00
30,190 92
87,385 51

$3,070,144 36

$3,070,144 36

Cash on Deposit in Banks, amount in each: —
$32,050 76
15,083 32

National Bank of Redemption, Boston,
Newton National Bank, Newton,
Loans on Bank Stock, amount on each: —
5
7
61
5

shares
shares
shares
shares

$450 00
500 00

Mechanics’ National Bank, Boston,
Dedham National Bank, Dedham,
First National Bank, West Newton,
First National Bank, Provincetown,

5,000 00

Loans on Railroad Stock, amount on each: —
11 shares Boston & Albany R .R .,
42 shares Boston & Albany R .R .,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.

.

.

$ 1,000 00
5,000 00

410

[Pub. Doc,

REPORT OF THE

N e w to n Savings B a n k — Continued.
Detailed Statement o f Public Funds.

Par Value.

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., 4s,.

$1,000
3,000
2,000
5,000
50,000
10,000
5,000
5,000
15,000
$96,000

Estimated
Market Value.

$1,160
3,000
2,200
5,250
55,000
10,300
5,500
5,050
15,300

00
00
00
00
00
00
00
00
00

$102,760 00

Amount Invested.

$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

$96,000 00

Detailed Statement o f Bank Stocks.
VO

03
a>

^

02

Estimated
Market Value.

50
25
116
60

Commercial N’l B’k, Boston, .
Globe National Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
National Bank of the Commonwealth, Boston,
30 National Revere Bank, Boston,
6 State National Bank, Boston, .
15 Winthrop Nat’l Bank, Boston,
10 First Nat’l Bank, Cambridge,.
25 Wachusett N’l B’k, Fitchburg,
25 Natick National Bank, Natick,
24 Newton Nat’l Bank, Newton,.
3 Waltham N’l Bank, Waltham,

$5,000
2,500
11,600
6,000
3,000
600
1,500
1,000
2,500
2,500
2,400
225
$38,825

$4,000 00
2,075 00
8,120 00
8,100
2,400
636
1,950
1,850
5,000
2,875
2,160
309

00
00
00
00
00
00
00
00
00

$39,475 00

$5,000 00
2,500 00
11,600 00
6,000
3,000
600
1,500
1,000
2,500
2,500
2,314
225

00
00
00
00
00
00
00
50
00

$38,739 50

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Lowell R.R 4s,
Boston & Lowell R.R. 5s,
Boston & Maine R R. 4£s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$21,000
4,000
100,000
20,000
25,000

$21,155
4,080
114,000
20,200
26,375

00
00
00
00
00

$21,000
4,000
100,000
20,000
25,000

00
00
00
00
00

No. 8.]

41 1

SAVINGS BANK COMMISSIONERS.

N e w to n Savings B ank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Fitchburg R.R. 5s, .
.
.
.
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 6s,
Maine Central R.R. 7s, .
Old Colony R.R. 4s,
. . .
Portland & Ogdensburg R.R. 6s, .
St. Johnsbury & Lake Champlain
R.R. 5 s,...........................................

$27,000
10,000
9.000
7.000
25.000
20.000

Estimated
Market Value.

$28,935
10,100
9,675
9,380
26,000
21,400

Amount Invested.

00
00
00
00
00
00

$27,000
10,000
9.000
7.000
25.000
20.000

00
00
00
00
00
00

29,500 00

25,000 00

$293,000 $320,800 00

$293,000 00

25,000

Total Amount o f Loans, with Each Specif ed Rate o f Interest.

Rate.

Amount.

$15,083
32,050
20,000
25,000

32
76
00
00

2 per cent.
2è
“
4
“
4|
“

Rate.

Amount.

$166,500
58,550
1,885,925
71,415

00
00
73
17

4è per cent.
4|
“
5
“
5|
“

Rate.

Amount.

$152,524
10,000
109,200
25,000

87
00
00
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

5i per cent.
5|
6
“
64

$13,135 95
13,135 95
10,500 00

53,180 58
otherwise.................................................................................................................
52,100 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 321
558,808 01
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................469
19,362 75
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books, during
138,416 34
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws: January 10 and July 10.
llate and amountof each semi-annual dividend f 2per cent.,
$50,966 02 ■ 104,002 63
during the year
endingOct. 31,1896, .
.
I 2per cent.,
53,036 61
Number of accounts opened during the year ending Oct. 31, 1896,
1,138
Number of accounts closed during the year ending Oct. 31, 1896,
. 747
Total number of open accounts Oct. 31, 1896,
.
.
.
.
9,840
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
10,118 11
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
606,048 40
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ..........................................................................................8,913
Amount of withdrawals, including dividends, during the year ending Oct.
525,302 68
31, 1896.....................................................................................................................
Number of s a m e , .......................................................................................... 6,697
Date of examination by commissioner: May 5.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

412

[Pub. Doc

REPORT OF THE

N E W T O N CEN TRE S A V IN G S B A N K — N E W T O N CE N TR E.
Incorporated Feb. 25, 1896.

Present number of corporators, 25.

Seward W . Jones, President.
M ellen Brat, Treasurer.
Frederick H. H ovey, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:

Seward W. Jones,
D wight Chester,
Frank J. H ale,
E. T. Colburn,
D. H. A ndrews.
Open for business every business day except Saturdays, 5 to 6 p . m . ; Saturdays, 2 to 5 p . m .
B a l a n c e Sh e e t O c to b er

L ia b il it ie s .

A ssets.

Loans on public funds,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand,
.
.
.
.

31, 1896.

$2,500
740
2,000
11,450
7,000
574
28
108

00
00
00
00
00
74
74
45

$24,362 97
3b 96

Deposits, .
Interest account,

$24,401 93

$24,401 93

Cash on Deposit in Bank : —
Newton Centre Trust Company, Newton Centre,............................................. $574 74
Loan on Public Funds : —
$3,000 City of Boston, Mass., 4 s , ........................................................................ $2,500 00
Loans on Bank Stock, amount on each: —
5 shares Puritan Trust Company, B o s t o n , ............................................
3 shares Puritan Trust Company, B o s t o n ,......................................................
3 shares Newton Centre Trust Company, Newton Centre, .
.
.
.

$250 00
240 00
250 00

Detailed Statement o f Railroad Bonds.

Fitchburg R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

$2,000

$2,000 00

Amount Invested.

$2,000 00

No. 8 ]

413

SAYINGS BANK COMMISSIONERS.

Newton Centre Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.

Amount.

$574 74
8,700 00

Kate.

2J per cent.
5

Amount.

$3,000 00
6,750 00

Kate.

5J per cent.
6
“

Amount,

$3,240 00

Number of loans which are of an amount not exceeding $3,000 each, 13
Aggregate amount of the s a m e , ............................................. ........
Total number of loans upon real e s t a t e , ............................................. 5
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
Times for the dividends fixed by the by-laws : January 15 and July 15.
Number of accounts opened during the year ending Oct. 31, 1896,
. 173
Number of accounts closed during the year ending Oct. 31, 1896,
.
2
Total number of open accounts Oct. 31, 1896.............................................. 171
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , ........................................................................................ 268
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
Number of s a m e , ....................................................................................... 27
Date of examination by commissioner : December 11.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Kate,

7 per cent.

$15,690 00

48 18

28 74
24,777 54

414 57

[Pub. Doc

REPORT OF THE

414

N O R T H AD AM S S A V IN G S B A N K — N O R T H A D AM S.
Incorporated April 26, 1848.

Present number of corporators, 35.

A. C. H o u g h t o x , President.
V . A. W h i t a k e b , Treasurer.
V . A . W h i t a k e b , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A . B. W

W . H. G a y l o e d ,

e ig h t ,

G eobge L. R

ic e .

Open for business every business day, 9

B a l a n c e Sh e e t O ctober

to 4 p . m .

31, 1896.

L ia b il it ie s .

A ssets.

Public funds as pep schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Interest account,.
Profit and loss, .
Cash on hand,
.

a .m .

$147,300
87,700
7,550
20,000

00
00
00
00

14,970 45
1,527,510 48
604,977 80
108,600
700
31,109
17,839
763
27,996
1
2,946

Deposits, .
Guaranty fund,
Undivided earnings,
State tax account, .
D u e on mortgage
loans, .

$2,464,427
111,000
15,739
3,000

00
00
64
00

5,800 00

00
00
97
52
26
96
77
43

$2,599,966 64

$2,599,966 64

Cash on Deposit in Banks, amount in each : —
New England National Bank, B oston ,............................................................... $31,109 97
Adams National Bank, North A dam s,...................................................... .........
9,349 00
Berkshire National Bank, North A d a m s , ......................................................
8,490 52
Loans on Bank Stock, amount on each : —
101 shares Adams National Bank, North A d a m s , .................................... $7,300 00
3 shares Pittsfield National Bank, P it t s f ie ld ,.............................................
250 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

415

SAYINGS BANK COMMISSIONERS

N o rth A d a m s Savin gs B a n k — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Par Value.

City of Bangor, Me., 6s, .
of Dayton, Ohio, 4 s,.
of Fall Hiver, Mass , 6s, .
of Lowell, Mass., 4s,
of Norwich, Conn., 4s,
of Portland, Me., 6s,
of Providence, R. 1 , 5s, .
of Woonsocket, R. I., 4s, .
Town of Pl3’ mouth, Mass., 4s,.

$147,300
*

$2,100
20,360
11,780
10,280
25,760
5,980
18,760
30,600
27,880

$2,000
20,000
10,000
10,000
25,000
5,000
18,000
80,000
27,300

Amount Invested.

$2,000
20,000
10,( 00
10,000
25,000
5,000
18,000
30,000
27,300

00
00
00
00
00
00
00
00
00

00
00*
00
00
00
00
00
00
00

$153,500 00 $147,300 00

A legal investment when made.

j No. o f
Shares.

Detailed Statement o f Bank Stocks.

7
310
500
30

Tar Value.

Lee National Bank, Lee,
Adams N’l Bank, No Adams,
Berkshire N’l B'k, No. Adams,
Pittsfield N’l Bank, Pittsfield,.

$700
34,000
50,000
3,000

Estimated
Market Value

$1,120
42,500
55,000
4,500

Amount Invested.

CO
00
00
00

$87,700 $103,120 00

$700
34,000
50,000
3,000

00
00
00
00

$87,700 00

Detailed Statement o f Railroad Bonds.

Fitchburg R.R. 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$ 2 0 ,0 0 0

$ 2 0 ,0 0 0 0 0

$ 2 0 ,0 0 0 0 0

Total Amount o f Loans, with Each Specified Bate o f Diterest.
Amount.

$31.109 97
103,000 00

Rate.

2 per cent.
4
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

Rate.

$85,000 00
1,910,154 44

4^ per cent.
5
44

Amount.

$25,000 00
126,183 84

Rate.

5J per cent.
6

416

REPORT OF THE

[Pub. Doc,

N o rth A d a m s Savings B ank — Concluded.
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,. 491
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................489
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.................................................................................
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., $47,224 22 1
during the year ending Oct. 31, 1896, .
.
1 2 per cent., 47,705 89 )
Number of accounts opened during the year ending Oct. 31, 1896,
1,200
Number of accounts closed during the year ending Oct. 31, 1896,
1,093
Total number of open accounts Oct. 31, 1896,
.
.
.
.
6,494
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
...................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,..................................................................................................
Number of same...................................................................................... 7,000
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
Number of s a m e , ................................................................................. 5,802
Date of examination by commissioner: June 25.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$14,970 45
40.000 00
31.000 00
562,698 64

124,494 68
94,930 11

9,223 83
465,983 65

552,517 15

No. 8.J

SAYINGS BANK COMMISSIONERS

417

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 PTON.
Incorporated March 1, 1842.

Present number of corporators, 16.

O l i v e r W a l k e r , President.
L . M a l t b 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 :
L. M a l t b y ,

A rth u r W atson,
O sc a r E d w a r d s .

Open for business every business day except Saturdays,
9 a .m . to 12 M .
B a l a n c e Sh e e t O c t o b er

A ss e ts

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Railroad notes, .
.
.
.
Real estate (for banking 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,
Cash on hand,
.
.
.
.

9

a .m

.

to

3

p .m

.

; Saturdays,

31, 1896.

L ia b il it ie s

$863,000
58,900
13,110
290,000
50,000

00
00
00
00
00

27,000
1,200
1,387,812
367,371

00
00
50
00

45,400
660
95,279
598
2,868

00
00
15
19
38

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

$3,203,199 22

$3,015,339 81
150,000 00
20,717 63
17,141 78

$3,203,199 22

Cash on Deposit in Banks, amount in each: —
Globe National Bank, Boston,
.
.
.
Northampton National Bank, Northampton,

.

$13,143 38
82,135 77

Loans on Bank Stock, amount on each : —
10 shares First National Bank, Easthampton,
12 shares First National Bank, Easthampton,
5 shares First National Bank, Easthampton,
100 shares First National Bank, Easthampton,
12 shares First National Bank, Northampton,
10 shares Ware National Bank, Ware,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.
.

$400
585
225
10,000

00
00
00
00

1,000 00

900 00

418

REPORT OF THE

[Pub. Doc.

Northampton Institution for Savings — Continued.
Detailed ¡Statement o f Public Funds.

Par Value.

City of Boston, Mass , 4s,
of Cambridge, Mass , 4s,
of Cleveland, Ohio, 4£s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Dayton, Ohio, 5s,
of Dayton, Ohio, 6s,
of Detroit, Mich., 4s,
of Detroit, Mich., 7s,
of Grand Rapids, Mich., 4£s, .
of Manchester, N. H., 4^s,
of Milwaukee, Wis., 5s, .
of Milwaukee, Wis., 7s, .
of Northampton, Mass., 4s,
of Providence, R. I., 4s, .
of Scranton, Pa., 4£s,
of Springfield, Ohio, 5s, .
Town of Meriden, Conn., 4^s,
of Meriden, Conn., 6s, .
United States 4s,
. . .
United States 5s,

$200,000
30,000
28,000
75,000
33,000
24,000
16,000
50,000
20,000
20,000
25,000
10,000
5,000
50,000
50,000
35,000
7,000
40,000
20,000
50,000
75,000

Estimated
Market Value.

$210,750
31,350
28,700
79,250
33,330
24,480
16,000
52,000
23,800
21,100
26,500
10,740
5,100
51,750
52,000
36,050
7,560
40,800
20,000
58,500
83,312

Amount Invested.

00 $200,000 00
00
30,000 00
00
28,000 00
00
75,000 00
00
33,000 00
00
24,000 00*
00
16,000 00*
00
50,000 00
00
20,000 00
00
20,000 00
00
25,000 00
00
10,000 00
00
5,000 00
00
50,000 00
00
50,000 00
00
35,000 00
00
7,000 00
00
40,000 00
00
20,000 00
00
50,000 00
00
75,000 00

$863,000 $913,072 00

$863,000 00

* Legal investments when made.

Ko. o f
Shares.

Detailed Statement o f Bank Stocks.

29 Atlantic Nat’l Bank, Boston, .
53 Boston Nat’l Bank, Boston,
31 Bunker Hill N’l Bank, Boston,
105 First National Bank, Boston, .
17 Hancock Nat’l Bank, Boston, .
20 Merchants’ Nat’l Bank, Boston,
7 Monument Nat’l Bank, Boston,
15 N’l B’k of Commerce, Boston,
27 N’l B’k of No. America, Boston,
10 Nat’l Exchange Bank, Boston,
13 N’l Webster Bank, Boston,
50 Second Nat’l Bank, Boston,
26 Shawmut Nat’l Bank, Boston, .
17 State National Bank, Boston, .
20 Washington N’l Bank, Boston,


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Federal Reserve Bank of St. Louis

Par Value.

$2,900
5,300
3,100
10,500
1,700
2,000
700
1,500
2,700
1,000
1,300
5,000
2,600
1.700
2,000

Estimated
Market Value.

$3,161
4,664
6,045
24,150
1,105
2,900
1,575
1,665
2,619
1,220
1,274
8,750
2,808
1,802
2,020

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$2,900
5,300
3,100
10,500
1,700
2,000
700
1,500
2,700
1,000
1,300
5,000
2,600
1,700
2,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

No. 8.]

419

SAVINGS BANK COMMISSIONERS.

Northampton Institution for Savings — Continued.

No. o f
Shares.

Detailed Statement o f Bank Stocks — Concluded.

9
100
40

Par Value.

First N’l Bank, Northampton, .
Northampton National Bank,
Northampton,
City Nat’l Bank, Worcester, .

Estimated
Market Value.

Amount Invested.

$900

$1,080 00

$900 00

10,000
4,000

14,000 00
5,800 00

10,000 00
4,000 00

$58,900

$86,638 00

$58,900 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 5s,
Boston, Clinton, Fitchburg & New
Bedford R.R.5s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4£s, .
Old Colony R.R. 4 s ,.

Estimated
Market Value.

Amount Invested.

$50,000

$53,000 00

$50,000 00

40,000
100,000
50,000
50,000

44,800
107,500
53,000
51,500

40,000
100,000
50,000
50,000

$290,000

00
00
00
00

00
00
00
00

$309,800 00 $290,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.

Amount.

$13,143
82,135
166,600
50,000

38
77
00
00

Rate.

Rate.

Amount.

Rate.

Amount.

2 per cent.
3
“
4
“
44
“

$354,200 00
50,000 00
175,000 00

4£ per cent.
4&
“
45
“

$985,918 50
57,635 00
25,000 00

.
Amount invested in real estate for banking purposes,
Estimated value of the s a m e , ...............................................................
Assessed value of the sa m e,........................................................................
Net income received from same during year ending Oct. 31, 1896, .
Value, by books, of other real estate held or owned by foreclosure or otherwise.........................................................................................................................
Assessed value of the sam e,........................................................................
.
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 406
Aggregate amount of the s a m e , ...............................................................
Total number of loans upon real e s t a t e , .............................................
Amount of investments from which no income is received,


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Federal Reserve Bank of St. Louis

5 per cent.
6
“
7

$27,000
35,000
26,300
400

00
00
00
00

1,200 00
1,260 00
42 35
427,953 50

419
1,700 00

REPORT OF THE

420

[Pub. Doc.

Northampton Institution for Savings — Concluded.
Gross amount of interest or profits received or earned, as per books, dur­
$144,812 89
ing year ending Oct. 31, 1896, .
,
.............................................
Times for the dividends fixed by the by-laws : first Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $56,989 27 ? 114,913 09
during the year ending Oct. 31, 1896,
.
. 1 2 per cent.,
57,923 82 $
Number of accounts opened ¡luring the,year ending Oct. 31, 1896, . 978
Number of accounts closed during the year ending Oct. 31,1896,
. 850
Total number of open accounts Oct. 31, 1896,
.
.
.
.
7,447
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
8,432 34
clusive of taxes)...................................................................................................
Amount of deposits, not including dividends, received during the year end­
419,240 02
ing Oct. 31, 1 8 9 6 , ..........................................................................................
Number of sa m e ,................................................................................. 6,038
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ............................................................................................................
430,137 50
Number of sa m e ,................................................................................. 4,848
Date of examination by commissioner : May 7.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

421

NO R TH A V E N U E S A V IN G S B A N K — CA M BR ID G E .
Incorporated March 7, 1872.
Sam uel F. W

Present number of corporators, 27.

M il t o n L . W a l t o n , Treasurer.
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.

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 ,
C h a r l e s F. S t r a t t o n ,
R u sse l l S. E d w a r d s ,
W a r r e n L. H o oper,
W i l l i a m F. S t a r k .

Open for business every business day, 9 a . m . to 1 p . m . ; Saturdays, 6 to 8 p . m .

B alance Sheet October 31, 1896.

A ssets.

L ia b il it ie s .

Public funds as per schedule,
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stock,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
I n t e r e s t , ....................................
Cash on hand.................................

$5,000
20,000
7,150
200
20,000
500
380,377
112,222

00
00
00
00
00
00
00
52

5,400
100
8,965
781
2,184

00
00
54
75
43

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$535,600 40
11,100 00
16,180 84

1

$562,881 24

$562,881 24

Cash on Deposit in Banks, amount in each: —
Faneuil Hall National Bank, B o sto n ,......................................................
.
Howard National Bank, Boston, .
...............................................................

$3,482 06
5,483 48

Loans on Public Funds, amount on each: —
$10,000 State of Massachusetts 3 s , ............................................................... $10,000 00
$5,000 City of Quincy 4 s , .................................................................................
5,000 00
$5,000 City of Quincy 4 s , .................................................................................
5,000 00
Loan on Bank Stock: —
7 shares South Berwick National Bank, South Berwick, Me.,

.

.

.

$200 00

................................................................ .........

$500 00

Loan on Railroad Stock : —
6 shares Boston & Maine R .R .,


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

422

Worth Avenue Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

United States 4s,

$5,000

Estimated
Market Value.

Amount Invested.

$5,350 00

$5,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

13
35
5
5
15

Par Value.

Blackstone N’I Bank, Boston, .
Faneuil Hall N’I Bank, Boston,
Nat’l Exchange Bank. Boston,
Third National Bank, Boston,
First N’I Bank, Marlborough, .

Estimated
Market Value.

$1,300
3,500
500
500
1,500

$1,118
4,445
610
435
1,725

$7,300

$8,333 00

Amount Invested.

00
00
00
00
00

$1,300
3,500
500
500
1,350

00
00
00
00
00

$7,150 00

Detailed Statement o f Railroad Bonds.
Par Value.

Concord & Montreal R.R 4s, .
Fitchburg R.R. 5s, .
Old Colony R.R 4 s ,.
Upper Coos R.R. 4s,
. ' .
Upper Coos R.R. 4£s,

$5,000
2,000

3,000
5,000
5,000
$20,000

Estimated
Market Value.

$5,050
2,150
3,090
4,750
5,250

Amount Invested.

00
00
00
0000

$5,000 00
2,000 00
3,000 00
5,000 00
5,000 00

$20,290 00

$20,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$8,965 54
10,400 00
215,552 00


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Federal Reserve Bank of St. Louis

Rate.

2 per cent.
4
5

“
“

Amount.

$13,400 00
166,200 00
102,847 52

Rate.

51 per cent.
5*

6

“

Amount.

$300 00
5,100 00
5,000 00

Rate.

6£ per cent.
7

8

«

No. 8.]

SAVINGS BANK COMMISSIONERS.

423

North Avenue Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, . 144
$218,327 52
Aggregate amount of the s a m e , .................................... ,,
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
26,788 00
year ending Oct. 31, 1 8 9 6 ,.................................................................................
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., $8,914 99 )
18,380 00
during the year ending Oct. 31, 1896, .
.
t 2 per cent., 9,465 01 >
Number of accounts opened during the year ending Oct. 31, 1896,
. 480
Number of accounts closed during the year ending Oct. 31, 1896,
. 306
Total number of open accounts Oct. 31, 1896.....................................
2,446
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
2,793 75
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,...................................................................................................
Number of s a m e , .................................................................................3,333
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ...........................................................................................................
Number of s a m e , .................................................................................2,072
Date of examination by commissioner: June 22.


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Federal Reserve Bank of St. Louis

174,152 08

136,992 86

[Pub. Doc.

REPORT OF THE

424

N O RTH BR O O K FIE LD S A V IN G S B A N K — N O RTH
BR O O K FIE LD .

Incorporated Feb. 28, 1854.

Present number of corporators, 34.

G e o r g e R . 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 R. H a m a n t ,
F r a n k A. S m i t h ,

L u t h e r P. D e l a n d ,
Su m n e r H o l m e s .

Open for business every business day except Saturdays, 9
Saturdays, 9 a . m . to 12 m .

to 1 p . m . ; 2 to 4

a .m .

p .m .

;

i

B a l a n c e Sh e e t O c to b er

31,1896.

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Safe and furniture,
Cash on hand, .
.
.
.

L ia b il it ie s

$

121,000 00

1,400 00
600 00
173,000 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$699,379 40
34,750 00
1,359 09
18,727 47

10,000 00
21,828 21
405,346 76
7.000 00
11,470 43
78 52

2.000 00
492 04
$754,215 96

$754,215 96

Cash on Deposit in Banks, amount in each: —
Third National Bank, B o s t o n , ........................................................................ $6,915 96
First National Bank, W orcester,........................................................................
4,554 47
Loan on Bank Stock : —

8 shares Ware National Bank, Ware, .


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Federal Reserve Bank of St. Louis

.

.

.

.

.

.

.

$600 00

No. 8.]

425

SAYINGS BANK COMMISSIONERS

North Brookfield Savings Bank — Continued.
Detailed Statement o f Publie Funds.

Par Value.

City of Boston, Mass., 6s,
of Canton, Ohio, 5s,
of Cleveland, Ohio, 5s,
of Cleveland, Ohio, 6s, .
of Dayton, Ohio, 5s,
of Fort Wayne, Ind., 6s, .
of Malden, Mass., 4s,
of Milwaukee, Wis., 7s, .
of Portsmouth. N. IL, 6s,
of Providence, R. I., 5s, .
of Salem, Mass , 5s,.
of Stamford, Conn., 4s, .
of Springfield, Ohio, 5s, .
County of Aroostook, Me., 4ès,
State of New Hampshire 6s, .

Estimated
Market Value.

$4,000

$4,520 00
10,900 00
1,100 00
' 7,040 00
37,815 00
16,800 00
10,150 00
1,020 00
'5,000 00
7,590 00
2,160 00
4,160 00
11,565 00
7,350 00
1,090 00

10,000
1,000

7,000
35,000
16,000
10,000
1,000

5,000
7,000
2,000

4,000
11,000

7,000
1,000

$121,000

Amount Invested.

$4,000 00
10,000 00
1,000 00
7,000 00
35,000 00*
16,000 00
10,000 00
1,000 00
5,000 00
7,000 00
2,000 00
4,000 00
11,000 00
7,000 00*
1,000 00

$128,260 00 $121,000 00

* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

10

4

Par Value.

Eliot Nat’l Bank, Boston,
Ware National Bank, Ware, .

Estimated
Market Value.

Amount Invested.

$1,000
400

$1,060 00
480 00

$1,000 00
400 00

$1,400

$1,540 00

$1,400 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R 5s, .
Boston & Maine R.R. 4s,
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .


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Federal Reserve Bank of St. Louis

$7,000
5,000
20,000

5,000
15^)00
27,000
15,000

Estimated
Market Value.

$7,245 00
5,600
20,400
5,250
15,150
32,400
15,675

00
00
00
00
00
00

Amount Invested,

$7,000 00
5,000 00
20,000 00

5,000
15,000
27,000
15,000

00
00
00
00

426

REPORT OF THE

[Pub. Doc.

North Brookfield Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Maine Central R.R. 4s, .
Maine Central R.R. 6s, .
Maine Central R.R. 7s, .
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R, 6s,
Portsmouth, Great Falls & Conway
R.R. 4 h s , ...................................
Upper Coos R.R. 4£s,

Estimated
Market Value.

Amount Invested.

$5,000
6,500
18,000
4,000
25,500

$5,000
6,987
23,250
4,040
27,285

10,000
10,000

11,000 00
10,500 00

10,000 00
10,000 00

$173,000

$189,782 50

$173,000 00

00
50
00
00
00

$5,000
6,500
18,000
4,000
25,500

00
00
00
00
00

Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.

$11,470 43
7,000 00

Rate.

3 per cent.
4
“

Amount.

Rate.

$405,346 76

5£ per cent.

Amount.

$600 00

Rate.

6 per cent.

Amount invested in real estate ior banking purposes,....................................
$ 10,000 00
Estimated value of the s a m e , ........................................................................
10,000 00
Assessed value of the same.....................................................................................
10,000 00
Value, by books, of other real estate, held or owned by foreclosure or other­
wise................................................................................................
21,828 21
Assessed value of the s a m e ,.................................................................................
28,000 00
Net income received from same during year ending Oct. 31,1896,
318 56
Number of loans which are of an amount not exceeding $3,000 each, . 312
Aggregate amount of the s a m e , ........................................................................
300,494 00
Total number of loans upon real e s t a t e , ............................................. 334
Amount of investments from which no income is received, .
.
.
.
9,857 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct 31, 1896......................................................................................
35,327 16
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend t 2 per cent., $13,354 84 1
26,628 92
during the year ending Oct. 31, 1896, .
. ( 2 per cent.,
13,274 08 1
Number of accounts opened during the year ending Oct. 31, 1896,
. 296
Number of accounts closed during the year ending Oct. 31, 1896,
. 231
Total number of open accounts Oct. 31, 1896,
.
.
.
.
2,455
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
..........................................................................................
1,649 31
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31,1896,...................................................................................................
89,863 55
Number of s a m e ,................................................................................. 1,817
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.....................................................................................................................
116,595 30
Number of s a m e , ................................................................................. .......... 524
Date of examination by commissioner: April 24.


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

427

WORTH E A STO N SA V IN G S B A N K — WORTH EA STO N .

Incorporated Feb. 8, 1864. Present number of corporators, 25.
Oakes A. A mes, President.
Chester R. F ield , Treasurer.
Chester R. Field , Clerk o f the Corporation.

Names o f committee charged with the investment of its funds:
Oakes A. A mes,
L eavitt L. Berry ,
Cyrus Lothrop ,
W. K. Goward ,
W illiam H. A mes.

Open for business every business day, 9 a .m . to 12 m . ; 1.30 to 3 p .m .

B

a la n ce

Sh

eet

Octo ber

31, 1896.
Liabilities .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
.
Railroad notes, . . .
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
. . .

$102,185
101,805
10,000
71,621
25,000
3,375
369,859
257,300
20,407
4,955
119
1,060

00
13
00
67
00
15
46
00
05
83
00
61

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$967,688 90

$909,687 24
45,071 80
12,929 86

$967,688 90

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, B o s t o n , ...........................................$20,407 05
First National Bank of Easton, North E a s t o n , ...........................................
4,955 83
Loan on Bank Stock: —
75 shares First National Bank of Easton, North Easton,
36 shares Merchants’ National Bank, New Bedford,


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Federal Reserve Bank of St. Louis

' I $10,000 00

[Pub. Doc

REPORT OF THE

428

North Easton Savings Bank — Continued.

Detailed Statement of Public Funds.
Estimated
Market Value.

Amount Invested.

$8,000
15,000
6,000

$8,360 00
15,375 00
5,910 00

$6,960 00
15,000 00
6,000 00*

10,000
1,000
10,000

10,000 00
1,025 00
10,000 00

10,000 00
1,000 00
10,000 00

30,000
15,000
8,000

30,450 00
15,225 00
8,000 00

30,225 00
15,000 00
8,000 00

Par Value.
W

City of Bangor, Me., 6s, .
of Beverly, Mass, 4s,
of Columbus, Ohio, 4s, .
Town of Greenfield, Mass. (Fire
I)ist.),4s, .
.
.
.
of Marlborough, Mass., 4s, .
of Montague, Mass.,4s,
of No. Easton (Village District), Mass., 4s,.
of Randolph, Mass., 4s,
of Stoughton, Mass., 4s,

$103,000 $104,345 00 $102,185 00
* A legal investment when made.

No. o f
Shares.

Detailed Statement of Bank Stocks.

25
25
78
25
25
25
38
25
20
50
57
25
90
50
25
25
12
75
100
66
38
7

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,
Manufacturers’ N’l B’k,Boston,
Market Nat’l Bank, Boston, .
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide& Leather B’k, Boston,
National Revere Bank, Boston,
New England N’l B’k, Boston,
North Nat’ l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Neponset Nat’l Bank, Canton,
First National Bank, Easton, .
National City Bank, Lynn,
Bristol County National Bank,
Taunton,
.
.
.
.
Taunton Nat’l Bank, Taunton,


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Federal Reserve Bank of St. Louis

$2,500
2,500
7,800
2,500
2,500
2,500
3,800
2,500
2,000
5,000
5,700
2,500
9,000
5,000
2,500
2,500
1,200
7,500
10,000
6,600
3,800
700
$90,600

Estimated
Market Value.

$2,725
2,850
7,800
2,625
2,500
1,925
4,446
1,950
1,400
5,250
4,560
3,750
9,090
5,400
2,150
2,650
1,008
8,400
13,500
11,220

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

4,826 00
1,050 00

Amount Invested.

$3,150
2,878
8,658
2,950
2,375
2,300
4,789
2,150
1,680
5,312
6,726
3,325
10,485
5,800
2,203
2,693
912
8,100
10,500
9,335

00
13
00
00
00
00
00
20
00
50
00
00
00
00
75
75
50
00
00
80

4,560 00
920 50

$101,075 00 $101,805 13

No. 8.]

429

SAVINGS BANK COMMISSIONERS.

North Easton Savings Bank — Concluded.

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Concord & Montreal R R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Old Colony R.R. 4s,
. . .
Old Colony R.R. 4£s,

Estimated
Market Value.

$31,000
20,000
10,000
5.000
5.000
1.000

$31,155
20,200
10,000
5,400
5,150
1,005

00
00
00
00
00
00

$72,000

$72,910 00

Amount Invested.

$31,000
20,029
9,592
5.000
5.000
1.000

00
45
22
00
00
00

$71,621 67

Total Amount of Loans, withEach SpecifiedRate of Interest.
Rate.

Amount.

$20,407
20,000
76,800
35,000

05
00
00
00

2£ per cent.
4

“

H
4h

“
“

Rate.

Amount.

Rate.

4| per cent.
5
“
54
“

$184,913 00
200 00
400 00

6 per cent.
64
“
7

Amount.

$16,000
280,516
11,000
37,330

00
46
00
00

5h

"

$3,375 15
Value, by books, of real estate held or owned by foreclosure or otherwise, .
2,400 00
Assessed value o f the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each,. 205
193,759 46
....................................................................
Aggregate amount of the same,
Total number o f loans upon real e s t a t e , ...........................................235
Gross amount o f interest or profits received or earned, as per books, during
44,014 50
year ending Oct. 31, 1 8 9 6 ,............................................................................
Times for the dividends fixed by the by-laws: April 15 and October 15.
Rate and amount o f each semi-annual dividend f 2 per cent., $17,207 29 | 34,749 81
during year ending Oct. 31, 1896,
.
.
( 2 per cent.,
17,542 52 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 222
Number o f accounts closed during the year ending Oct. 31, 1896,
. 212
Total number o f open accounts Oct. 31, 1896..................................
2,351
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
1,511 05
sive o f taxes),
.............................................................................................
Amount of deposits, not including dividends, received during the year end­
131,811 29
ing Oct. 31, 1896,..............................................................................................
Number of s a m e , ............................................................................ 1,317
Amount o f withdrawals, including dividends, during the year ending Oct.
139,256 36
31, 1896...............................................................................................................
Number of s a m e , .............................................................................1,123
Date of examination by commissioner: February 25.


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Federal Reserve Bank of St. Louis

REPORT OF THE

430

[Pub. Doc.

N O R TH E N D S A V IN G S B A N K — BOSTON.
Incorporated Feb. 17, 1870.

Present number of corporators, 28.

T homas L. Jenks, President.
H erbert C. W ells , Treasurer.
W m . C. W illiamson, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
T homas L. J enks,
Clinton V iles ,
I ncrease E. N oyes,
W m . G. Shillaber ,
W illiam R obinson,
L. F oster Morse,
Charles E . W iggin .
Open for business every business day, 9 a .m . to 2 p .m . ; Saturdays, for deposits only,
until 8 p .m .
B

a la n ce

Sh

eet

Octo ber

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stock,
Real estate 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, .
.
.
.

31, 1896.

Liabilities .

$130,400
9,000
184,101
12,943
131,906
300
5,437
1,222,899
256,150

00
00
37
00
25
00
08
96
00

15,600
60,723
2,970
4,178

00
59
53
64

$2,036,610 42

Deposits, .
Guaranty fund,
Interest account,

$1,949,632 18
63,300 00
23,678 24

$2,036,610 42

Cash on Deposit in Banks, amount in each : —
Columbian National Bank, B o s t o n , ............................................................$17,723 59
Lincoln National Bank, Boston.......................................................................... 1,000 00
Mechanics’ National Bank, B o s t o n , ............................................................
1,000
Metropolitan National Bank, B o s t o n , ............................................................
20,000
National Security Bank, B o s t o n ,....................................................................
1,000
Mercantile National Bank, S a l e m , ............................................................
20,000
Loan on Public Funds : —
$9,000 City of Portsmouth, N. H., 4 s , ............................................................ $9,000 00


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Federal Reserve Bank of St. Louis

00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS

4 31

North End Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
30 shares Market National Bank, B o s t o n ,................................................... $2,000 00*
10 shares Hamilton National Bank, B o s t o n , ...........................................
350 00
200 shares Metacomet National Bank, Fall R i v e r , ..................................
5,000 00
30 shares Shoe and Leather National Bank, Boston......................................2,118 00
6 shares National Bank of North America, Boston.....................................
475 00
40 shares Winnisimmet National Bank, C h e l s e a , ..................................
3,000 00
Loan on Railroad Stock: —
9 shares Boston & Albany R . R . , .................................................................... $300 00
* Bank notified that this loan, in excess of the legal limit, must be corrected.

Detailed ¡Statement of Public Funds.
Par Value.

City of Boston, Mass., 4s,
of Quincy, Mass., 4s,
of Rockford, 111., 4is,
of Sioux City, Iowa, 6s, .
Town of Mansfield, Mass , 4s,
United States 4s,

$25,000
5,500
29,900
10,000
10,000
50,000

Estimated
Market Value.

$25,250
5,500
31,096
10,200
10,400
60,000

00
00
00
00
00
00

Amount Invested.

$25,000
5,500
29,900
10,000
10,000
50,000

00
00
00
00
00
00

$130,400 $142,446 00 $130,400 00

Xo. o f
Shares.

Detailed Statement of Bank Stocks.

55
50
100
38
30
2
20
50
25
27
100
20
25
100
50
110
4
75

Par Value.

Atlas National Bank, Boston, .
Boston National Bank, Boston,
Columbian Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston,.
Metropolitan N’l B’k, Boston,.
N’l B’k of Commerce, Boston,
Nat’l Bank of the Commonwealth, Boston, .
N’l B’k of Redemption, Boston,
National City Bank, Boston, .


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$5,500
5,000
10,000
3,800
3,000
200
2,000
5,000
2,500
2,700
10,000
2,000
2,500
10,000
5,000

$6,270
4,500
9,600
4,636
2,400
259
4,680
4,350
2,100
2,389
7,675
1,645
3,625
9,000
5,625

11,000
400
7,500

15,125 00
467 00
5,850 00

00
00
00
00
00
00
00
00
00
50
00
00
00
00
00

Amount Invested,

$6,412
5,499
10,449
4,504
2,800
270
3,970
4,951
2,502
3,055
9,978
2,011
3,803
10,522
5,911

25
37
00
37
00
50
00
00
25
50
24
25
25
50
37

15,010 00
501 00
8,134 62

[Pub. Doc

REPORT OF THE

432

*

North End Savings Bank — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks— Concluded.

100
10
34
6

21
25
100
2
25
37
46
25
12
100
13
50
91
10

Par Value.

10,000
1,000
3,400
600
2,100
$2,500
10,000
200
2,500
3,700
4,600
2,500
1,200
10,000
1,300
5,000

Nat’l Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North Nat’l Bank, Boston,
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,.
Massachusetts Loan and Trust
Company, Boston,
State Street Safe Deposit and
Trust Company, Boston,

Estimated
Market Value.

7,000
1,060
2,720
780
2,073
$3,750
10,037
213
4,378
4,005
3,956
2,668
1,284
8,837
1,095
5,300

00
00
00
00
75
00
50
00
13
25
00
75
00
50
25
00

Amount Invested.

10,814
1,197
4,390
847
2,131
$3,854
12,172
243
4,005
4,517
5,805
2,928
1,537
10,121
2,060
5,767

75
50
12
50
50
50
50
62
50
50
00
00
25
99
25
42

9,100

9,555 00

10,420 00

1,000

1,027 50

1,000 00

$158,800 $159,938 13 $184,101 37

Detailed Statement of Railroad Bonds.
Par Value.

$12,000
25,000
21,000
20,000
30,000
25,000

Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
.
Fitchburg R.R. 44s,.
Fitchburg R.R. 5s, .
Penobscot Shore Line R.R. 4s,
Upper Coos R.R. 4s,
. . .

$133,000

Estimated
Market Value.

$12,360
25,000
20,947
21,600
30,000
25,000

00
00
50
00
00
00

Amount Invested.

$12,000
24,156
21,000
20,000
30,000
24,750

00
25
00
00
00
00

$134,907 50 $131,906 25

Total Amount of Loans, withEach SpecifiedRate of Interest.
Rate.

Amount.

Rate.

3 per cent.

$882,040 00
30,250 00
168,759 96

5 per cent.

Amount.

$40,723 59
373,000 00
34,500 00

44
4|


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Federal Reserve Bank of St. Louis

“
«

54

6

“

“

Amount.

$3,000 00
45,043 00
300 00

Rate.

64 per cent.
7
8
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

433

Worth End Savings Bank — Concluded.
Value, by boobs, o f real estate held or owned by foreclosure or otherwise,
$5,437 08
7,900 00
Assessed value o f the same, .............................................................................
27 08
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, . 227
381,549 96
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................341
Gross amount of interest or profits received or earned, as per books, during
88,634 48
year ending Oct. 31, 1 8 9 6 ,............................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of eachsemi-annual dividend j 2 per cent., $32,950 71 1 67,938 50
during the year endingOct. 31, 1896, .
.
1 2 per cent., 34,987 79 3
Number of accounts opened during the year ending Oct. 31, 1896,
1,156
Number of accounts closed during the year ending Oct. 31, 1896,
. 727
Total number of open accounts Oct. 31, 1896,
.
.
.
.
5,496
Total expenses of the corporation for the year ending Oct. 31, 1896 (exclu­
sive of taxes),
.............................................................................................
8,367 93
Amount of deposits, not including dividends, received during the year end­
651,839 50
ing Oct. 31, 1896,.............................................................................................
Number of s a m e , ..................................................................................... 7,268
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896,
......................................................................................................
546,806 99
Number of s a m e , ..................................................................................... 5,426
Date of examination by commissioner: January 7.


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Federal Reserve Bank of St. Louis

434

[Pub. Doc.

REPORT OF THE

N O RTH 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 enj. H. H artwell , President.
Sarah T. T uten, Treasurer.
D aniel W. F letcher , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
B enj. H. H artwell ,
L. J. Spaulding ,
E dwin L. W hite ,
Oliver K. P ierce,
P eter T arbell .
Open for business every business day, 9 to 11 a .m .; 12.30 to 3 p .m .
B

a la n ce

Sh

eet

Octo ber

Liabilities .

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Tax and improvements on real
estate,
..................................
Local tax,
.
. . .
Premium account,
Cash on hand,

31, 1896.

$10,000
19,373
9,495
68,000
3,800
283,429
85,842

00
75
00
00
00
47
50

2,400
9,642
615
316

00
46
42
91

580
9
5,500
387

10
00
00
79

$499,392 40

Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,

$479,219
7,250
4,294
3,628

61
00
71
08

$499,392 40

Cash on Deposit in Banks, amount in each: —
First National Bank, A y e r ,............................................................................ $8,615 42
Shawmut National Bank, B o s t o n , ................................................... ........
1,642 46
Loans on Bank Stock, amount on each:
50 shares First National Bank, A y e r ,....................................................................$4,000 00
60 shares First National Bank, A y e r ,..........................................................
4,000 00
18 shares First National Bank, A y e r ,...........................................................
1,495 00


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Federal Reserve Bank of St. Louis

No. 8.]

435

SAVINGS BANK COMMISSIONERS

North Middlesex Savings Bank — Continued.

Detailed statement of Public Funds.
Par Value.

City of Marlborough, Mass., 4s,
Town of Walpole, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$5,000
5,000

$5,350 00
5,317 50

$5,000 00
5,000 00

$10,000

$10,667 50

$10,000 00

Ko. o f
Shares.

Detailed Statement of Bank Stocks.

40
6
10
15
10
15
7
20
5
10
20

Par Value.

First National Bank, Ayer,
Blackstone N’l Bank, Boston,.
Commercial N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Howard Nat’l Bank, Boston, .
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
People’s Nat’l Bank, Boston, .
State National Bank, Boston, .
Prescott Nat’l Bank, Lowell, .

$4,000
600
1,000
1,500
1,000
1,500
700
2,000
500
1,000
2,000
$15,800

Estimated
Market Value.

$4,400
540
800
1,515
1,250
1,350
700
2,100
700
1,067
2,960

00
00
00
00
00
00
00
00
00
50
00

$17,382 50

Amount Invested.

$4,247
674
970
1,911
1,355
1,680
883
2,540
840
1,262
3,010

25
00
00
25
00
00
75
00
00
50
00

$19,373 75

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R 5s, .
Fitchburg R.R. 6s, .
Maine Central R.R. 7s, .


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Federal Reserve Bank of St. Louis

$5,000
15,000
8,000
1,000
8,000
24,000
2,000
5,000
$68,000

Estimated
Market Value.

$5,300
17,400
8,160
1,000
8,325
25,238
2,050
6,500

00
00
00
00
00
00
00
00

$73,973 00

Amount Invested.

$5,000
15,000
8,000
1,000
8,000
24,000
2,000
5,000

00
00
00
00
00
00
00
00

$68,000 00

436

REPORT OF THE

[Pub. Doc.

North Middlesex Savings Bank — Concluded.

Total Amount of Loans, withEach SpecifiedRate of Interest.
Amount.

$9,642 46
12,600 00

Kate.

Amount.

Rate.

Amount.

2 per cent.
4i

$150,804 02
49,480 55

5 per cent.
5h
“

$168,182 40
100 00

Rate.

6 per cent.
7

Value, by books, of real estate held or owned by foreclosure or otherwise,
$3,800 00
Assessed value o f the s a m e ,.............................................................................
4,400 00
Number o f loans which are of an amount not exceeding $3,000 each, 228
Aggregate amount of the s a m e , ....................................................................
232,299 47
Total number of loans upon real e s t a t e , .......................................... 209
Amount of investments from which no income is received, .
.
.
.
1,500 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.............................................................................
23,121 54
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., $8,035 51 1
16,810 27
during the year ending Oct. 31, 1896,
.
. 1 2 per cent.,
8,774 76 J
Number of accounts opened during the year ending Oct. 31, 1896,
. 362
Number of accounts closed during the year ending Oct. 31, 1896,
. 205
Total number o f open accounts Oct. 31, 1896,
.
.
.
.
2,130
Total expenses o f the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes)................................................................................................
1,047 72
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,.............................................................................................
129,467 63
Number o f s a m e , ......................................................................................1,938
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ......................................................................................................
102,759 74
Number of same, ......................................................................................1,376
Date of examination by commissioner: January 27.


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS

4 37

O R AN G E SA V IN G S B A N K — O R AN G E.

Incorporated March 30, 1871.
John W . W

Present number of corporators, 24.

President.
W a r r e n M. K i n g , Treasurer.
W a r r e n M. K in g , Clark o f the Corporation.

heeler,

Names o f 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 a l l o u ,
W . M. K in g .

Open for business every business day, 9 a . m . to 3 p . m .

B

a la n ce

Sh

eet

Octo ber

Liabilities.

A ssbts.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.

31, 1896.

$60,300
36,100
2,575
60,000
617,451
78,121

00
00
00
00
02
00

57,725
33,251
9
461
284

00
27
56
72
13

$946,278 70

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$884,798 68
27,100 00
2,007 76
32,372 26

$946,278 70

Cash on Deposit in Banks, amount in each: —
People’s National Bank, Brattleboro, Y t . , ...................................................$5,000 00
Orange National Bank, O ra n g e ,.................................................................... 13,251 27
Pynchon National Bank, Springfield,...................................................
•
10,000 00
Athol National Bank, A t h o l , ....................................................................
5,000 00
Merchants’ National Bank, B o s t o n , ............................................................
9 56
Loans on Bank Stock, amount on each: —
30 shares Home National Bank, H o ly o k e ,...................................................$2,500 00
75 00
3 shares Orange National Bank, O ra n g e ,...................................................


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Federal Reserve Bank of St. Louis

REPORT OF THE

438

[Pub. Doc

Orange Savings Bank — Continued.

Detailed Statement of Public Funds.
Par Value.

City of Bay City, Mich., 5s,
of Gardiner, Me , 4s,
of Manchester, N. H., 4s,
of Meriden, Conn., 4s,
of Rockford, 111., 4|s,
Town of Leominster, Mass , 4s,
of Orange, Mass., 4s,

Estimated
Market Value.

$10,000
6,000
15.000
5.000
5.000
7,300
12.000

$10,080
6,060
15,375
5,125
5,250
7,409
12,062

00
00
00
00
00
00
00

$60,300

$61,361 00

Amount Invested.

$10,000
6,000
15.000
5.000
5.000
7,300
12.000

00
00
00
00
00
00
00

$60,300 00

No. o f
Shares.

Detailed Statement of Bank Stocks.

6
15
5
3
65
4
20
20
11
5
16
10
15
10
33
100
10
10
3

Par Value.

Miller’s River N’l B’k, Athol,.
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
First Ward N’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,.
Franklin County Nat’l Bank,
Greenfield, ..
Orange Nat’l Bank, Orange, .
First Nat’l Bank, Springfield,.
Third N’l Bank, Springfield, .
Union Market National Bank,
Watertown, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$600
1,500
500
300
6,500
400
2,000
2,000
1,100
500
1,600
1,000
1,500
1,000

$1,080
1,725
625
351
7,930
400
2,540
2,000
1,100
530
1,600
1,000
1,500
1,060

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$600
1,500
500
300
6,500
400
2,000
2,000
1,100
500
1,600
1,000
1,500
1,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00

3,300
10,000
1,000
1,000

3,465
15,500
1,200
1,800

00
00
00
00

3,300
10,000
1,000
1,000

00
00
00
00

300

375 00

300 00

$36,100

$45,781 00

$36,100 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

439

Orange Savings Bank — Concluded.

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Albany R.R 4s,
Boston & Lowell R.R 4s,
Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .

Estimated
Market Value.

$10,000
10,000
10,000
9,000
21,000

$10,300
10,300
11,550
9,000
21,685

00
00
00
00
00

$60,000

$62,835 00

Amount Invested.

$10,000
10,000
10,000
9,000
21,000

00
00
00
00
00

$60,000 00

Total Amount ofLoans, withEach SpecifiedRate of Interest.
Rate.

Amount.

$13,251 27
55,425 00
7,300 00

2 per cent.
4
“
4i
“

Amount.

$15,000 00
621,969 02

Rate.

4f per cent.
5
“

Amount.

$31,771 00
44,407 00

Rate.

5J per cent.
6
“

Number of loans which are of an amount not exceeding $3,000 each, 269
$261,966 02
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real estate,
. . .
.
. 305
Gross amount o f interest or profits received or earned, as per books, during
45,329 05
the year ending Oct. 31, 1 8 9 6 ,....................................................................
Times for the dividends fixed by the by-laws : February 1 and August 1.
Rate and amount of each semi-annual dividend f 2 per cent., $16,250 26 1
33,167 07
during the year ending Oct. 31, 1896,
.
. 1 2 per cent., 16,916 81 i
Number of accounts opened during the year ending Oct. 31, 1896, . 473
Number of accounts closed during the year ending Oct. 31, 1896,
. 359
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,493
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
2,535 48
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 9 6 , .....................................................................................
157,287 55
Number of s a m e ,............................................................................ 2,610
Amount of withdrawals, including dividends, during the year ending Oct.
145,188 64
31, 1896................................ ............................................................................
Number of s a m e ,.............................................................................2,137
Date of examination by commissioner: March 16.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

440

[Pub. Doc.

P A L M E R S A V IN G S B A N K — P A L M E R .
Incorporated March 4, 1870.
H. G . L o o m is , President.
W

il l i a m

Present number of corporators, 57.

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 :
J a m e s B. S h a w ,
H e n r y G . L o o m is ,

G eo r g e M o o e rs,
E . G . H a s t in g s ,
C. H . H o b b s .

Open for business every business day, 9 a .m . to 3 p . m .
B a la n c e Sh

eet

Octo ber

31, 1896.

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stock,
Real estate (for banking pur­
poses),
..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand................................

Liabilities.

$133,000
38,800
883
107,000
300

00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,075,880 52
43,000 00
3,739 82
10,414 38

15,000 00
575,058 00
173,966 00
46,775
1,330
36,466
867
3,588

00
00
64
98
10

$1,133,034 72

$1,133,034 72

Cash on Deposit in Banks, amount in each : —
Palmer National Bank, P a lm er,..................................
City National Bank, Springfield,..................................
Springfield Safe Deposit and Trust Company, Springfield,
Springfield National Bank, Springfield,
.

$14,780
8,912
2,694
10,079

67
01
53
43

Loans on Bank Stock, amount on each: —
3 shares Palmer National Bank, Palmer,
1 share Palmer National Bank, Palmer,
5 shares Palmer National Bank, Palmer,
Loan on Railroad Stock : —
10 shares Boston & Albany R .R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

$300 00
83 00
500 00

No. 8.]

SAYINGS BANK COMMISSIONERS

4 41

Palmer Savings Bank — Continued.

Detailed Statement of Public Funds. •
«

Par Value.

City of Altoona, Pa., 4s, .
of Cambridge, Mass., 4s,.
of Canton, Ohio, 5s,
of Kansas City, Mo., 4i§,
of Lowell, Mass., 4s,
of Malden, Mass., 4s,
of Providence, R. I., 4s, .
of Waterbury, Conn., 4 s,.
of Worcester, Mass., 4s, .
Town of Monson, Mass., 4s, .
County of Aroostook, Me., 4ès,
United States 4s,
. . .

Estimated
Market Value.

$5,100
10,400
2,000
32,100
11,605
10,300
16,245
10,300
15,825
10,250
5,250
11,700

$5,000
10,000
2,000
30,000
11,000
10,000
15,000
10,000
15,000
10,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00

$133,000 $141,075 00

Amount Invested.

$5,000
10,000
2,000
30,000
11,000
10,000
15,000
10,000
15,000
10,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00
00*
00

$133,000 00

* A legal investment when made.

No. o f
Shares.

Detailed Statement of Bank Stocks.

50
23
10
25
13
10
33
116
51
50
7

Par Value.

Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Brockton N’l Bank, Brockton,
Monson Nat’l Bank, Monson, .
Palmer Nat’l Bank, Palmer, .
Agawram N’l B’k, Springfield,.
Chapin N’l Bank, Springfield,
Ware National Bank, Ware, .

$5,000
2,300
1,000
2,500
1,300
1,000
3,300
11,600
5,100
5,000
700
$38,800

Estimated
Market Value.

$6,000
2,553
1,000
2,650
1,391
1,150
4,455
16,820
5,100
5,750
742

00
00
00
00
00
00
00
00
00
00
00

$47,611 00

Amount Invested.

$5,000
2,300
1,000
2,500
1,300
1,000
3,300
11,600
5,100
5,000
700

00
00
00
00
00
00
00
00
00
00
00

$38,800 00

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Maine R.R. 4 s,.
Boston & Maine R.R. 4ès,
Concord & Montreal R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$20,000
15,000
10,000

Estimated
Market Value.

Amount Invested.

$20,100 00
17,100 00
10,100 00

$20,000 00
15,000 00
10,000 00

442

REPORT OF THE

[Pub. Doc.

Palmer Savings Bank — Concluded.

Detailed Statement of Railroad Bonds — Concluded.
Estimated
Market Value.

Eastern R R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 7s, .
N. Y., Providence & Boston R.R. 7s,
Portland & Rumford Falls R.R. 5s,
Upper Coos R.R. 4£s,

$10,000
10,000
10,000
10,000
2,000
5,000
10,000
5,000

$12,000
10,000
10,550
10,750
2,680
5,850
10,000
5,250

00
00
00
00
00
00
00
00

$107,000 $113,880 00

Amount Invested.

$10,000
10,000
10,000
10,000
2,000
5,000
10,000
5,000

00
00
00
00
00
00
00
00

$107,000 00

Total Amount of Loans, with Each Specified Bale of Interest.
Amount.

$9,780 67
8,912 01
12,773 96

Kate.

2 per cent.
3
4
“

Amount.

$46,775 00
490,116 00
64,965 00

Kate.

Amount.

Rate.

4^ per cent.
5
5è
“

$200,461 00
995 00

6 per cent.
6*
“

Amount invested in real estate for banking purposes,..................................
$15,000 00
Estimated value of the same,.............................................................................
15,000 00
10,300 00
Assessed value o f the same.................................................................................
482 41
Net income received from same during year ending Oct. 31, 1896,
Number of loans which are of an amount not exceeding $3,000 each, 396
445,122 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................342
5,100 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,.............................................................................
54,147 15
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend (
per cent., $21,269 18 )
43,043 63
during the year ending Oct. 31, 1896, .
.
t 2£ per cent., 21,774 45 )
Number o f accounts opened during the year ending Oct. 31, 1896,
. 443
Number o f accounts closed during the year ending Oct. 31, 1898, . . 407
Total number of open accounts Oct. 31, 1896,
.
.
.
.
3,013
Total expenses o f the corporation for the year ending Oct. 31, 1896 (ex­
2,810 45
clusive o f taxes), .
.
.
.
.
.
.
.
.
.
.
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,..............................................................................................
191,350 92
Number o f s a m e , .............................................................................2,084
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896...............................................................................................................
192,019 63
Number of s a m e , .............................................................................1,694
Date of examination by commissioner: July.9.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

4 43

PENTTTCKET SA V IN G S B A N K — H A V E R H IL L .
Incorporated March 17, 1891.

Present number of corporators, 19.

G e o r g e H . C a r l e t o n , 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 . Ca r l e t o n ,
John A . G a l e ,
C. H . H ay e s.

J . W . Y it t u m ,
O l iv e r T a y l o r ,

Open for business every business day except Saturdays, 9 a . m . to 12.30 p . m . ; 2 to 3.30
p . m . ; Saturdays, 9 a . m . to 12.30 f m .
B

a la n ce

Sh

eet

Octo ber

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Profit and loss account,
Cash on hand, . . .
.

31, 1896.
L iabilities .

$19,100
3.000
10,700
17,925
171,221
58,500

00
00
00
00
43
00

9.000
8,336
5,770
221
1,069
175
541

00
48
38
65
55
53
39

$305,561 41

Deposits, .
Guaranty fund,
Interest account,

$302,362 61
2,077 00
1,121 80

$305,561 41

Cash on Deposit in Banks, amount in each: —
Beacon Trust Company, B o s t o n ,.................................................................... $8,336 48
Second National Bank, H a v e r h i l l , ............................................................
5,770 38
Loans on Bank Stock, amount on each: —
50 shares Second National Bank, H a v e r h i l l , ...........................................$5,000 00
35 shares Second National Bank, H a v e r h i l l , .......................................
3,000 00
20 shares Amesbury National Bank, A m esbu ry,...........................................
1,700 00
10 shares Second National Bank, Haverhill,...................................................
1,000 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

444

Pentucket Savings Bank — Continued.

Detailed Statement of Public Funds.
Far Value.

City of Brockton, Mass., 4s,
of Dubuque, Iowa, 6s,
of Grand Rapids, Mich., 4^s,
of Indianapolis, Ind., 6s, .
of Meriden, Conn., 4s,
of New Britain, Conn., 4s,
of Oshkosh, Wis., 4ès,
of Sioux City, Iowa, 6s, .
of Taunton, Mass., 4s,

.

$1,600
1,000
2,000
1,000
3,000
5,000
4,000
500
1,000
$19,100

Estimated
Market Value.

$1,632
1,010
2,014
1,010
3,030
5,015
4,105
500
1,030

00
00
00
00
00
00
00
00
00

$19,346 00

Amount Invested.

$1,600
1,000
2,000
1,000
3,000
5,000
4,000
500
1,000

00
00
00
00
00
00
00
00
00

$19,100 00

Xo. of
Shares.

Detailed Statement of Bank Stocks.

10
10
10

Par Value.

Everett Nat’l Bank, Boston, .
State National Bank, Boston, .
First National Bank, Chelsea,

Estimated
Market Value.

Amount Invested.

$1,000
1,000
1,000

$800 00
1,060 00
1,060 00

$1,000 00
1,000 00
1,000 00

$3,000

$2,920 00

$3,000 00

Detailed Statement of RailroadBonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s,.
Boston & Maine R.R. 4£s,
Fitchburg R.R. 5s, .
Upper Coos R R. 4s,
Worcester, Nashua & Roch. R.R. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,000
2,000
4.000
2.000
3.000
4.000
$18,000

Estimated
Market Value.

$3,090
2,060
4,560
2,030
2,985
4,120

00
00
00
00
00
00

$18,845 00

Amount Invested.

$3,000
2,000
4.000
2.000
2,925
4,000

00
00
00
00
00
00

$17,925 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

445

Pentucket Savings Bank— Concluded.

Total Amount of Loans, withEach SpecifiedBate ofInterest.
Amount.

$8,336 48
9,000 00
15,000 00

Kate.

Amount.

Rate.

2£ per cent.
4
“
4}
“

$176,541 28
24,200 00

5 per cent.
5h
“

Amount.

$18,680 15
6,000 00

Rate.

6 per cent.
6i|

Number o f loans which are of an amount not exceeding $3,000 each, 85
Aggregate amount of the s a m e , .................................................................... $114,521
Total number of loans upon real e s t a t e , ...........................................91
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 9 6 , ....................................................................
11,967
Times for the dividends fixed by the by-laws: first Wednesday in Feb­
ruary and August.
Rate and amount o f each semi-annual dividend f 2 per cent., $4,725 00 )
10,141
during the year ending Oct. 31, 1896, .
.
12 per cent.,
5,416 83 i
Number of accounts opened during the year ending Oct. 31, 1896, . 284
Number o f accounts closed during the year ending Oct. 31, 1896,
. 143
Total number of open accounts Oct. 31, 1 8 9 6 , .................................. 861
Total expenses o f the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
.....................................................................................
905
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896................................................................................................
103,908
Number of s a m e , .............................................................................1,076
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , ......................................................................................................
61,315
Number of s a m e , .................................................................................... 644
Date o f examination by commissioner: February 21.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

43

05

83

61
44

56

446

REPORT OF THE

[Pub. Doc

PE O P LE’S S A V IN G S B A N K — BR OCKTON.
Incorporated Feb. 8, 1895.

Present number of corporators, 44.

W m . 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 o f its funds :
W m . L . D o u g las,
F k a n c is B . G a r d n e r ,
E m e r y M. L o w ,
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 .

Open for business every business day except Saturdays, 9 a . m . to 2
9 a . m . to 12 M.

B

a la n ce

Sh

eet

Octo ber

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,
Loans on real estatd, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
O utfit,...........................................
Prem ium s,..................................
Cash on hand, .
.
.
.

p .m .

; Saturdays,

31,1896.

Liabilities.

$12,000
5.000
2.000
100
13,500
600
100,975
11,300

00
00
00
00
00
00
00
00

4,200
5
7,923
85
455
2,161
761

00
00
24
05
89
25
52

Deposits, .
Guaranty fund,
Interest account,

$161,066 95

$159,847 25
319 11
900 59

$161,066 95

Cash on Deposit in Banks, amount in each: —
Home National Bank, B ro ck to n ,...................................................
Plymouth County Safe Deposit and Trust Company, Brockton,.

$2,123 24
5,800 00

Loan on Public Funds: —
$5,000 City o f Boston, Mass., 3^8,...................................................


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Federal Reserve Bank of St. Louis

$5,000 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

447

Peoples’ Savings Bank, Brockton — Continued.
Loan on Bank Stock: —
6 shares Merchants’ National Bank, B o s t o n , ...........................................

$100 00

Loan on Railroad Stock : —
6 shares New York, New Haven & Hartford R . R . , ..................................

$600 00

Detailed Statement of Public Funds.
Par Value.

City of Brockton, Mass., 4s, .
of Canton, Ohio, 5 s,.
of Kansas City, Mo., 8s, .
of New Britain, Conn., 4s,
Town of Stoughton, Mass., 4s,

$1,000
2,000
3,000
4,000
2,000
$12,000

Estimated
Market Value.

$1,030
2,040
3,060
4,080
2,040

00
00
00
00
00

$12,250 00

Amount Invested.

$1,000
2,000
3,000
4,000
2,000

00
00
00
00
00

$12,000 00

No. of
Shares.

Detailed Statement of Bank Stocks.

10
10

Par Value.

Massachusetts Loan and Trust
Company, Boston,
Plymouth County Safe Deposit
and Trust Co., Brockton,

Estimated
Market Value.

Amount Invested.

$1,000

$1,050 00

$1,000 00

1,000

1,000 00

1,000 00

$2,000

$2,050 00

$2,000 00

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Maine R.R. 4 s,.
Boston, Winthrop & Shore R.R. 5s,.
Fitchburg R.R. 5s..............................
Maine Central R.R. 5s, .
Old Colony R.R. 4s,.
Old Colony R R. 4Js,
St. Johnsbury & Lake Champlain
R R. 5s,.


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Federal Reserve Bank of St. Louis

$2,000
1,000
3,000
2,500
2,000
1,000

Estimated
Market Value.

$2,050
1,060
3,180
2,787
2,060
1,040

00
00
00
50
00
00

Amount Invested.

$2,000
1,000
3,000
2,500
2,000
1,000

00
00
00
00
00
00

2,000

2,360 00

2,000 00

$13,500

$14,537 50

$13,500 00

448

REPORT OF THE

[Pub. Doc.

Peoples’ Savings Bank, Brockton — Concluded.

Total Amount of Loans, withEach SpecifiedRate of Interest.
Rate.

Amount.

$5 00
2,123 24
5,800 00

0 per cent.
2
“
3

Amount.

$4,200 00
25.900 00
26,000 00

Rate.

4 per cent.
5
“

“

Amount.

$58,175 00
5.000 00
2.90.0 00

Number of loans which are of an amount not exceeding $3,000 each, 62
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real estate,
.
.................................. 59
Amount o f investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31,1896.........................................................................
Times for the dividends fixed by the by-laws : March 1 and September 1.
Rate and amount of each semi-annual dividend j 2 per cent.,
$777 00 >
during the year ending Oct. 31, 1896,
.
.1 2 per cent.,
2,112 64 $
Number of accounts opened during the year ending Oct. 31, 1896, . 764
Number of accounts closed during the year ending Oct. 31, 1896,
. 194
Total number o f open accounts Oct. 31, 1896......................................... 940
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
.....................................................................................
Amount o f deposits, not including dividends, received during the year
ending Oct. 31, 1896,.....................................................................................
Number o f s a m e ,.............................................................................2,303
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896.............................................................................................................
Number of s a m e ,.................................................................................... 922
Date o f examination by commissioner: September 24.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

6 per cent.
6i
“
7

$74,280 00
5 00
4,789 20
2,889 64

356 79
173,647 88

56,936 35

N o . 8 .]

SAYINGS BANK COMMISSIONERS

449

P E O P LE ’S SA V IN G S B A N K — H O L Y O K E .
Incorporated March 19,1885. Present number of corporators, 48.
W il l i a m S k i n n e r , President.
F. H. C h a m b e r l i n , Treasurer.
A . L. G r e e n , Clerk o f the Corporation.

Names o f committee charged with the investment of its funds :
W i l l i a m S k in n e r ,
J N. H u b b a r d ,
E . P. Clar k ,
J ohn T i l l e y ,
J. A . S u l l iv a n .

Open for business every business day except Saturdays, 9 a m . to 4 p . m . ; Saturdays, 9
a . m . to 12 m . ; Thursdays, 7 to 8 p .m .

B alance Sheet O ctober 31, 1896.

Liabilities .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand...............................

$17,000
5,000
20,015
404,559
127,128
22,731
900
316

00
00
00
00
50
46
00
72

Deposits, .
Guaranty fund,
Interest account,

$597,650 68

$572,047 03
15,152 03
10,451 62

$597,650 68

Cash on Deposit in Bank : —
Home National Bank, H o ly o k e ,.................................................................... $22,731 46
Loans on Bank Stock, amount on each : —
10 shares Home National Bank, Holyoke, .
20 shares Home National Bank, H o ly o k e ,............................
1,000
10 shares Home National Bank, H o ly o k e ,............................
900
55 shares Home National Bank, H o ly o k e ,............................
5,000
2,000
25 shares Home National Bank, H o ly o k e ,............................
5 shares Home National Bank, Holyoke, .
.
.
.
.
.
.
20 shares Quinsigamond National Bank, W orcester,...........
515
10 shares First National Bank, Springfield,................................................... 1
3 shares Agawam National Bank, Springfield,.......................................J
5 shares Holyoke National Bank, H o l y o k e , ....................
500
77 shares Franklin County National Bank, Greenfield,
. . .
.
24 shares Franklin County National Bank, Greenfield,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$500 00
00
00
00
00
45000
00
350 00
00
6,80000
2,00000

450

EEPOET OF THE

[Pub. Doc.

Peoples’ Savings Bank, Holyoke — Concluded.

Detailed Statement of Public Funds.
Par Value.

United States 4s,

.

.

.

$17,000

Estimated
Market Value.

Amount Invested.

$18,020 00

$17,000 00

No. of !
Shares.

Detailed Statement of Bank Stocks.

50

Par Value.

Home Nat’l Bank, Holyoke,

.

$5,000

Estimated
Market Value.

$5,600 00

Amount Invested.

$5,000 00

Total Amount of Loans, withEach SpecifiedRate of Interest.
Amount,

$22,731 46
486,037 50

Rate.

4 per cent.
5

Amount.

$56,415 00

Rate.

5£ per cent.

Amount.

$9,250 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 141
Aggregate amotfnt of the same........................................................................... $229,373
Total number of loans upon real estate,
.
.
.
.
.
. 139
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,..........................................
28,929
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., $9,173 35 1
19,147
during the year ending Oct. 31, 1896,
.
. i 2 per cent.,
9,973 75 i
N umber of accounts opened during the year ending Oct. 31, 1896,
. 488
Number o f accounts closed during the year ending Oct. 31, 1896,
. 319
Total number of open accounts Oct. 31, 1896,
.
.
.
.
1,716
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive o f taxes),
.....................................................................................
2,590
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1896................................................................................................
167,417
Number o f s a m e , ....................................................................
2 567
Amount o f withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 6 , .............................................................................
121,721
Number o f s a m e , .............................................................................1,634
Date of examination by commissioner: May 21.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00

77
10

91
29

49

No. 8.]

SAYINGS BANK COMMISSIONERS.

451

P E O P LE’S S A V IN G S B A N K — W O R C E ST E R .
Incorporated May 13, 1864.

Present number of corporators, 186.

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 o f committee charged with the investment of its funds:
Sa m u e l R . H eyw ood,
T homas M . R oge rs,

E d w in T . M a r b l e ,
A l e x a n d e r D eW i t t .

Open for business every business day, 9 a . m . to 4 p .m . ; Saturdays, 6 to 8 p . m .
B

a la n ce

Sh

eet

Octo ber

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stock, .
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, .
Deposits in banks, not on interest,
Expense account,
Rents of real estate by foreclosure,
Cash on hand, . . . .

31, 1896.

L iabilities .

$792,011
891,251
14,381
1,001,283
27,350

60
00
00
00
00

87,500
34,314
3,705,538
1,038,900

00
92
29
00

45,700
160
124,660
5,000
4,976
60
5,085

00
00
79
00
35
17
29

$7,778,172 41

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rents, bank building,
Sundry interest items,

$7,402,930 29
274,500 00
95,055 21
3,157 54
1,006 97
1,522 40

$7,778,172 41

Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, Boston,
Central National Bank, Worcester,
Citizens’ National Bank, Worcester, .

$39,560 60
65,467 31
24,632 88

Loans on Bank Stock, amount on each: —
7 shares Manufacturers’ National Bank, Boston,
21 shares Boston National Bank, Boston, .
34 shares Haverhill National Bank, Haverhill, .
13 shares First National Bank, Worcester, .
4 shares City National Bank, Worcester, .
10 shares Shawmut National Bank, Boston,
6 shares Old Boston National Bank, Boston,
5 shares Revere National Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$250 00

i

}

5,000 00
1,700 00
1,300 00

452

REPORT OF THE

[Pub. Doc

Peoples’ Savings Bank, W orcester — Continued.
7 shares First National Bank, N orth a m p ton ,.......................................
5 shares Chicopee National Bank, Springfield..............................................
10 shares Crocker National Bank, Turner’ s Falls.........................................
11 shares Hadley Falls National Bank, Holyoke..........................................
36 shares Citizens’ National Bank, W o rce ste r,.......................................

$346
500
585
1,100
3,600

00
00
00
00
00

Loans on Railroad Stock, amount on each : —
250 shares
2 shares
19 shares
10 shares
7 shares

Boston& Maine
Boston&Lowell
Boston& Maine
Boston & Maine
New York, New

R .R .,
.
R R.,
.
R .R .,
.
R .R .,
.
Haven & Hartford R .R .,

$25,000 00
1,000 00
1,200 00

150 00

Detailed Statement of Public Funds.
Par Value.

Estimated
Market Value.

Amount Invested.

City of Boston, Mass., 4s, .
$110,000 00 $111,850 00 $110,700 00
of Cleveland, Ohio, 6s,
1,000 00
1,032 50
1,000 00
of Columbus, Ohio, 4s,
35,000 00
35,875 00
35,000 00*
of Dayton, Ohio, 6s,
19,000 00
20,580 00
20,125 00*
of Holyoke, Mass., 4s, .
25,000 00
26,025 00
25,000 00
of Keene, N. H., 4s,
10,000 00
10,525 00
10,000 00
of Lynn, Mass., 4s,
26,000 00
27,705 00
26,400 00
of Malden, Mass., 4s, .
25,000 00
26,250 00
25,000 00
of Milwaukee, Wis., 4s,
64,000 00
65,537 50
64,000 00
of Nashua, N H ., 4s, .
10,000 00
10,425 00
10,000 00
of New Bedford, Mass., 4s, .
25,000 00
25,687 50
25,000 00
of Norwich, Conn , o s ,.
19,000 00
21,750 00
21,144 00
of Peoria, 111., 4 s,.
12,000 00
12,360 00
12,000 00
of Providence, R. I., 4s,
50,000 00
56,000 00
55,000 00
of Providence, R I., 5s,
9,000 00
9,495 00
9,450 00
of Quincy, Mass., 4s, .
25,000 00
25,587 50
25,000 00
of Scranton, Pa., 5s,
5,000 00
5,275 00
5,0< 0 00
of Scranton, Pa., 6s,
6,000 00
6,000 00
6,000 00
of Springfield, Ohio, 5s,
6,000 00
6,390 00
6,156 00
of Springfield, Ohio, 6s,
106 40
106 40
106 60
of Taunton, Mass., 4s,
7,000 00
7,560 00
7,000 00
of Waltham, Mass., 4s,
13,000 00
13,552 50
13,000 00
of Worcester, Mass., 4s,
200,000 00
208,250 00
202,930 00
of Worcester, Mass., 5s,
2,000 00
2,250 00
2,000 00
Town of Attleborough, Mass , 4s,
13,000 00
13,942 50
13,000 00
of Beverly, Mass., 4s,
10,000 00
10,425 00
10,000 00
of Dalton (Fire District),
Mass., 4s, .
20,000 00
21,000 00
20,000 00
of Holbrook, Mass., 4s,
30,000 00
31,050 00
30,000 00
of Westborough, Mass., 5s,
2,000 00
2,260 00
2,000 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$779,106 40 $814,746 40 $792,011 60
* Legal investments when made.

No. 8.]

453

SAYINGS BANK COMMISSIONERS

Peoples’ Savings Bank, W orcester — Continued.

No. of
Shares.

Detailed Statement of Bank Stocks.

128
165
106
125
54
201
50
216
44
97
238
217
151
149
237
25
221
109
115
141
149
500
239
130
213
311
78
96
50
65
152
205
56
59
301
68
133
99
172
243
111
260
182
300
524

Par Value.

Atlantic Natl Bank, Boston, .
Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank,Boston, .
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston,.
Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston,
Mechanics' N’l Bank, Boston,.
Meichants’ Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l B'k, Boston, .
Central N’l Bank, Worcester, .
Citizens’ N’l B’k, Worcester, .
City Nat’l Bank, Worcester, .
Mechanics’ N’l B’k, Worcester,
Quinsigamond National Bank,
W orcester, .
.
.
.
Worcester N’l B’k, Worcester,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$12,800
16,500
10,600
12,500
5,400
20,100
5,000
21,600
4,400
9,700
23,800
21,700
15,100
14,900
23,700
2,500
22,100
10,900

$13,952
18,892
9,142
11,062
6,736
19,296
5,000
26,190
3,520
12,561
20,706
18,228
15,855
14,900
18,189
3,062
32,045
12,262

00
50
50
50
50
00
00
00
00
50
00
00
00
00
75
50
00
50

$17,006
18,800
10,600
14,366
6,750
21,817
5,812
26,766
4,400
12,730
23,800
21,700
18,129
14,900
23,700
2,900
31,443
12,965

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

11,500
14,100
14,900
50,000
23,900
13,000
21,300
31,100
7,800
9,600
5,000
6,500
15,200
20,500
5,600
5,900
30,100
6,800
13,300
9,900
17,200
24,300
11,100
26,000
18,200

15,812
13,536
17,395
69,250
18,502
9,100
26,412
32,966
6,240
12,504
4,937
9,685
15,257
21,832
9,807
6,386
25,886
7,208
14,231
8,340
17,501
32,805
14,430
37,700
15,470

50
00
75
00
00
00
00
00
00
00
50
00
00
50
00
75
00
00
00
75
00
00
00
00
00

15,450
15,840
19,419
70,714
23,900
13,000
26,452
37,432
7,800
13,037
5,000
9,586
17,903
23,935
8,600
7,075
30,100
8,050
14,533
9,900
20,068
34,620
13,629
32,500
20,C20

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

30,000
52,400

42,000 00
75,980 00

$748,500

35,984 00
68,120 00

$842,778 00 $891,251 00

454

REPORT OF THE

[Pub. Doc.

Peoples’ Savings Bank, W o rcester— Continued.

Detailed Statement of Bailroad Bonds.
Par Value.

Estimated
Market Value.

Amount Invested.

Boston & Albanj7 R.R. 5s,
$150,000 $160,125 00 $160,520 00
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s.............................
20,000
22,700 00
22,090 00
Boston & Lowell R.R. 4s,
4,000
4,000 00
4,102 50
Boston & Lowell R.R. 4£s,
25,000
26,312 50
25,688 00
Boston & Maine R.R. 4s, .
25,000
24,750 00
26,125 00
Boston, Revere Beach & Lynn R.R. 6s,
19,000
19,237 50
19,000 00
Cheshire R.R. 6s,
24,500
25,296 25
25,000 00
Eastern R.R. 6s,
. . .
57,000
67,830 00
65,778 00
Fitchburg R.R. 4s, .
23,500 00
25,000
25,000 00
Fitchburg R.R 4£s, .
60,000
60.150 00
60,000 00
Fitchburg R.R. 5s, .
43,000
44,880 00
45,287 00
Lowell & Lawrence R.R. 6s, .
6,000
6,165 00
6,000 00
Maine Central R R. 4s, .
51,500
52,401 25
51,020 00
Maine Central R.R. 7s, .
38,700
43,731 75
43,367 00
Maine Central and European &
North American R.R. 4s,
25,000
26,250 00
24,725 00
N. Y., Providence & Boston R.R. 7s,
12,000
12,930 00
13,000 00
Norwich & Worcester R R. 6s,
2,000
2,020 00
2,000 00
Old Colony R R. 4s,
. . .
70,000
73,012 50
70,000 00
Old Colony R.R. 6s,
. . .
10,000
10,125 00
10,000 00
Portland & Ogdensburg R.R. 6s,
5,000
5,375 00
5,200 00
Portland & Rumford Falls R.R. 5s,
15,000
16,237 50
15,000 00
Providence & Worcester R.R. 6s, .
31,000
31,697 50
31,200 00
Rumford Falls & Rangeley Lakes
R.R. 5 s , ..................................
10,000
11,200 00
10,000 00
Salem & Lowell R R. 6s,
10,000
10,425 00
10,000 00
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................
50,000
58,250 00
54,900 00
Sullivan County R.R. 4s,.
25,000
25,000 00
25,000 00
Vermont & Massachusetts R.R. 5 s ,.
50,000
53,375 00
53,219 00
Vermont Valley R.R. 5 s,.
10,000
11,350 00
11,039 00
Worcester, Nashua & Roch.R.R. 4s,
90,000
92,415 00
90,000 00
$963,700 $1,023,719 25 $1,001,283 00

Total Amount of Loans, with Each Specified Bate of Interest.
Amount.

$100,027
24,632
19,400
124,150

Bate.

91
88
00
00

2 per cent.
3
4
“
4i
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$200,131
42,500
179,000
4,077,248

Kate.

00
00
00
29

4$ per cent.
48
“
4|
“
5
«

Amount.

$25,000 00
76,000 00
88,600 00

Kate.

54 per cent.
Si
“
6
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

455

Peoples’ Savings Bank, W orcester — Concluded.
Amount invested in real estate for banking purposes,
.
.
.
.
$87,500 00
Estimated value o f the s a m e , ....................................................................
100,000 00
Assessed value of the s a m e ,............................................................................
82,200 00
Net income received from same during year ending Oct. 31, 1896,
.
.
3,314 88
Value, by books, of other real estate held or owned by foreclosure or other­
wise, ..............................................................................................................
34,314 92
Assessed value o f the s a m e ,.............................................................................
26,450 00
Number of loans which are of an amount not exceeding $3,000 each, 1,181
Aggregate amount of the s a m e , .................................................................... 1,601,777 82
Total number of loans upon real e s t a t e , .................................. 1,472
Amount o f investments from which no income is received.............................
18,347 33
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 6 ,............................................................................
351,595 78
Times for the dividends fixed by the by-laws: February 15 and August 15.
Rate and amount o f each semi-annual dividend! 2 per cent., $135,949 03 ) 275 353 31
during the year ending Oct. 31, 1896,
.
. ( 2 per cent., 140,404 28 J
’
Number of accounts opened during the year ending Oct. 31, 1896,
2,322
Number of accounts closed during the year ending Oct. 31, 1896,
1,773
Total number o f open accounts Oct. 31, 1896,
.
.
.
.
16,307
Total expenses of the corporation for the year ending Oct. 31, 1896 (ex­
clusive of taxes),
.....................................................................................
16,64914
Amount o f deposits, not including dividends, received during the year end­
ing Oct. 31, 1896,............................................................................................. 1,093,940 54
Number of s a m e , ................................................................................... 15,129
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1896............................................................................................................... 1,047,770 85
Number o f s a m e , ....................................................................................13,189
Date of examination by commissioner: November 12.


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Federal Reserve Bank of St. Louis

456

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. Present number of corporators, 31.
W illiam S. Danforth, President.
John J. R ussell, Treasurer.
James D. T hurber , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Charles S. D avis ,
Charles B. Stoddard,
W illiam S. D anforth,
G eorge E. M orton,
James M illar .
Open for business every business day, 9 a .m . to 1 p .m . ; 2 to 3 p .m .
B alance

Sheet

O ctober

A ssets.

Public funds as per schedule,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Railroad notes, . . . .
Real estate (for banking pur­
poses),
..................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ..................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

31, 1896.

Liabilities.

$213,500
406,921
4,200
425.000
125.000

00
00
00
00
00

36,863
1,808
699,486
561,440

23
93
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Suspense, .

$2,359,193 99
120,000 00
60,543 95
27,065 99
59 50

45,100 00
33,186 99
4,357 28
$2,556,863 43

$2,556,863 43

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston, .
Old Colony National Bank, Plymouth,
Plymouth National Bank, Plymouth, .

$24,339 37
3,997 05
4,850 57

Loans on Bank Stock, amount on each : —
15 shares Old Colony National Bank, Plymouth,
9 shares Old Colony National Bank, Plymouth,
3 shares Old Colony National Bank, Plymouth,
13 shares Plymouth National Bank, Plymouth, .
13 shares Plymouth National Bank, Plymouth, .
*

$400 00
900 00
1,600 00*
1,300 00*

The bank has been notified that these loans, In excess of the legal limit, must be reduced.


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Federal Reserve Bank of St. Louis

No. 8.]

457

SAYINGS BANK COMMISSIONERS

Plymouth Savings Bank — Continued.

Detailed Statement of Public Funds.
Par Value.

City of Bangor, Me., 6s, .
of Brockton, Mass., 4s,
of Canton, Ohio, 5s,
of Fall River, Mass., 6s, .
of Holyoke, Mass., 6s,
of New Bedford, Mass., 7s, .
of New London, Conn., 7s,
of Rockford, 111., 4Js,
of Springfield, Ohio, 6s, .
Town of Belmont, Mass., 4ès,.
of Leominster, Mass., 4s,
of West Springfield, Mass., 5s,

$6,000
16,000
7,000
10,000
50,000
10,000
50,000
10,000
2,000
17,500
10,000
25,000
$213,500

120
188
84
80
106
120

$6,960
16,000
7,000
11,000
54,000
11,900
54,500
10,300
2,000
17,675
10,000
25,250

00
00
00
00
00
00
00
00
00
00
00
00

$226,585 00

Detailed Statement of Bank Stocks.
'
Estimated

No. of
Shares.

7
41
234
32
139
70
42
100
28
29
53
54
100
128
85
225
108
200

Estimated
Market Value.

Par Value.

Abington N’l Bank, Abington,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boston Nat’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,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N'l Bank, Boston, .
N’l B’k of Commerce, Boston,.
National Bank of the Commonwealth, Boston,
N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
National Revere Bank, Boston,


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Federal Reserve Bank of St. Louis

Market Value.

Amount Invested.

$6,000
16,000
7,000
10,000
50,000
10,000
50,000
10,000
2,000
17,500
10,000
25,000

00
00
00
00
00
00
00
00
00
00
00
00

$213,500 00

Amount Invested.

$700
4,100
23,400
3,200
13,900
7,000
4,200
10,000
2,800
2,900
■ 5,300
5,400
10,000
12,800
8,500
22,500
10,800

$735
4,469
26,676
2,752
12,371
8,680
4,032
12,700
2,436
2,436
5,565
4,752
10,000
9,728
6,970
32,625
12,096

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$687
4,100
23,400
2,112
12,788
7,000
4,200
10,000
2,380
2,494
5,300
5,022
9,000
10,240
7,140
22,500
9,180

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

20,000
12,000
18,800
8,400
8,000
10,600
12,000

27,400
11,640
25,944
6,552
5,600
13,144
9,600

00
00
00
00
00
00
00

20,000
10,800
18,800
7,000
6,400
10,600
10,800

00
00
00
00
00
00
00

458

REPORT OF THE

[Pub. Doc.

Plymouth Savings Bank — Continued.

STo. of
Shares.

Detailed Statement of Bank Stocks— Concluded.
Par Value.

100 National Union Bank, Boston,
74 Nat’l Webster Bank, Boston, .
86 New England NT B’k, Boston,
9 North National Bank, Boston,
55 Old Boston N’l Bank, Boston..
270 Second National Bank, Boston,
93 Shawmut Nat’l Bank, Boston,.
130 State National Bank, Boston, .
41 Suffolk National Bank, Boston,
97 Tremont Nat’l Bank, Boston, .
60 Brockton N ’l Bank, Brockton,
100 Home Nat’l Bank, Brockton, .
30 Hingham N’l Bank, Hingham,
55 Railroad Nat’l Bank, Lowell, .
262 Old Colony N’l B’k, Plymouth,
184 Plymouth N’l B’k, Plymouth,.
100 Third Nat’l Bank, Springfield,
171 Bristol County National Bank,
Taunton,
.
.
.
.

f i o , 000

7,400
8,600
900
5,500
27,000
9,300
13,000
4,100
9,700
6,000
10,000
3,000
5,500
26,200
18,400
10,000

Estimated
Market Value.

$13,000
7,252
12,814
900
5,830
47,250
10,044
13,780
4,387
8,148
6,900
16,500
3,000
7,150
32,750
19,320
20,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
6,280
8,600
900
5,000
27,000
9,300
13,000
3,398
5,800
6,000
9,500
3,000
5,500
26,200
18,400
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

17,100

21,375 00

17,100 00

$429,000

$509,303 00

$406,921 00

Detailed Statement of Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s,.
Boston & Maine R.R. 4£s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Maine Central R.R. 4s, .
Old Colony R.R. 4s,
. . .
Penobscot Shore Line R.R. 4s,
Portland & Rumford Falls R R . 5s,
St. Johnsbury & Lake Champlain
R.R. 5 s , ...................................
Upper Coos R.R. 4£s,
Worcester, Nashua & Roch. R.R. 4s,


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Federal Reserve Bank of St. Louis

$50,000
10,000
10,000
30,000
63,000
40,000
25,000
13,000
40,000
32,000
50,000
25,000
40,000
$428,000

Estimated
Market Value.

$50,500
10,200
11,400
30,900
62,370
40,000
25,500
13,390
40,800
32,000

00
00
00
00
00
00
00
00
00
00

59,000 00
26,250 00
40,800 00

Amount Invested.

$50,000
10,000
10,000
30,000
60,000
40,000
25,000
13,000
40,000
32,000

00
00
00
00
00
00
00
00
00
00

50,000 00
25,000 00
40,000 00

$443,110 00 $425,000 00

N o . 8 .]

S A Y IN G S

BANK

459

C O M M IS S IO N E R S .

Plymouth Savings Bank — Concluded.

Total Amount of Loans, withEach SpecifiedRate of Interest.
Amount.

$33,186
40,000
180,050
138,150

99
00
00
00

Kate.

Amount.

Kate.

Amount.

Kate.

2 per cent.
4
H
“
4h
“

$100,000 00
518,675 00
164,700 00

4| per cent.
5
“
5£
“

$242,926 00
31,325 00
19,400 00

6 per cent.
6£
“
7
“

Amount invested in real estate for banking purposes,....................................
Estimated value of the same,
.
.
.
.
.
.
.
.