View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

PUBLIC DOCUMENT .

. No. 8

T W EN T Y -FIK S T :: À N M M L r B E P O B f*

B oard of Co m m issio n er s
SAYINGS BANKS.

1896.

P

art

II.

RELATING TO

CO-OPERATIVE BANKS, COLLATERAL LOAN COMPANIES,
MORTGAGE LOAN AND INVESTMENT COMPANIES.

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


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

18 Post Office S quare .
1897.

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

I Ç<? lo, ^

^

Cnnimontucuitlj of ||t;rss;ubu5ctts.
O ff ic e

of th e

B oard

C om m issioners of Sa y in g s B a n k s ,
S tate H orse , B oston , M ass ., Jan. 23,

of

1897•

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

The Board of Commissioners of Savings Banks has the honor
to present herewith Part II. of the twenty-first annual report
of the Board, showing the condition at the close o f business,
Oct. 31, 1896, of the following institutions, viz. : —
122 co-operative banks with assets o f ...................................$22,906,692 31
2 collateral loan companies with assets of .
.
.
.
533,028 44
1 mortgage loan company with assets of .
.
.
.
821,783 64
1 mortgage loan company in hands of a receiver.
C o - o p e r a t iv e B a n k s .

Since its last report, the consent of the Board has been
given for the organization of the Waverley Co-operative Bank,
located in Belmont. This bank commenced business April 13
last.
Inquiries have been received as to the feasibility and desira­
bility of establishing banks in two or three other localities, but
up to the present time no formal application has been made.
The Adams Co-operative Bank, located at Adams, incorpo­
rated Dec. 17, 1895, commenced business March 10, 1896.
The Groveland Co-operative Bank, incorporated Nov. 4,
1895, commenced business Nov. 19, 1895.
B u s in e s s

of

the

Y

ear.

During the year ending Oct. 31, 1896, the 122 banks in
operation received $5,782,949.24 for dues paid; $1,240,182.31
for interest paid ; $60,346.56 for premiums paid ; and $42,513.22
for fines paid.
During the same period the same banks returned to mem­
bers $2,493,695.95 for dues on shares withdrawn; $31,486.24
for dues on shares forfeited; $1,174,901 for dues on shares
retired; and $262,507 for dues on shares matured,— a total


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

REPOET OF THE

[Pub. Doc.

of $3,962,590.19, which sum represents actual savings paid
back to members.
The same members, in addition to the above sum, received
the amount of $780,291.98 in profits returned; this sum rep­
resents the earnings of these savings.
The total number of shares issued during the year was
132,464 and the number cancelled was as follows : —
Shares
Shares
Shares
Shares

withdrawn,
forfeited,
retired, .
matured,

R e c e ip t s

83,481
1,788
13,870
1,908

.

and

D is b u r s e m e n t s .

The following table presents in detail a consolidated state­
ment of the receipts and disbursements of all the banks during
the year: —
Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 31, 1896.
R e c e ip t s .

D is b u r s e m e n t s .

From dues capital, .
From interest.............................
From premiums,
From fines..................................
From transfer fees, .
From
From
From
From

real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .

From forfeited shares,

.

31
56
22
50

3,825,108 47
763,514 88
46,456 05
1,355 30

165,971
114,187
240,871
94,155
122,970

.

From sundry sources,
Cash on hand Oct. 31, 1895,

1,240,182
60,346
42,513
364

18,628 24
1,511 45

From expense account, .
From real estate,
From bonds and notes,
From retired shares,
From matured shares,

$5,782,949 24

.

90
32
55
76
57

795,387 02

$13,316,474 34

For real estate loans,
For share loans,
For dues capital (withdrawn),
For dues capital (forfeited),
For dues capital (retired), .
For dues capital (matured),
For profits capital (w ith drawn),
.
.
.
.
For profits capital(forfeited),
For profits capital (retired),
For profits capital (matured),
For temporary expenses,

$6,180,162 57
902,017
2,493,695
31,486
1,174,901

90
95
24
00

262,507 00
350,411 26
5,078 35
303,175 67
121,626 70

For permanent expenses,
For forfeited shares,
For real estate,

107,178
4,882
19,292
257,076

99
04
92
45

For interest..............................
For retired shares,
For matured shares,
For bonds and notes,
For sundries, .
.
.
.
Cash on hand Oct. 31, 1896, .

13,495
239,313
91,079
161,262
113,318
484,511

92
41
65
48
80
04

$13,316,474 34

A comparison of the items in the foregoing table with the
similar items in the table of receipts and disbursements for the
year ending Oct. 31, 1895, shows an increase of $378,753.26
in dues received and of $120,169.05 in dues returned.

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

No. 8.]

SAVINGS BANK COMMISSIONERS.

v

The sum disbursed for real estate taken under foreclosure
was $78,955.62 in excess of the same item in the previous
report; ,the receipts for real estate disposed of were $22,422.19
in excess of the receipts in the year preceding; this matter is
more fully discussed in another part of the report.
Although the amount disbursed for expenses is largely in
excess of the sum disbursed in the year previous, the ratio of
expenses to assets, say
of one per cent., and o f expenses
to dues capital, say
of one per cent., is somewhat less
than in 1895.
P r o f it s D is t r ib u t e d .

The following statement gives the rate per cent, at which
profits have been distributed during the past year : —
1 bank distributed profits at the rate of
5 banks
“
1 bank
“
6 banks
“
3 banks
“
81 banks
“
1 bank
“
8 banks
“
1 bank
“
8 banks
“
3 banks
“
4 banks
“

41
*3 per cent.
5

51
54
5f
6

H
61

6|

64
6f
7

A comparison of the rates at which profits have been dis­
tributed the past year with those at which the distribution was
made the year preceding is shown by the following statement: —
1895.

Number of banks distributing at 4i per cent.,

U

a

a

it

it

(t

a

it

“
1C

a

a

it

it

li

it

a

it

a

it

it

it

44
U

a
a

a

a

5
51

54
5|

a
a
it
a
a

it

6

a

a

64
61
6f
64
6f
7

a

a

(l

a

a

a

u

a

a

a

a

a

a

a

44

a

u

a

44

a

tt

a


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

41

7 2
3

'

a

.

1896.

0

1

1

0

3
1

5
1
6
3
81
1
8

6
7

68
0

5

a

0

1

a

19
2
4

8
3
4

1

0

u
a
a

REPORT OF THE

VI

[Pub. Doc.

Shakes M atu re d .

During the year ending Oct. 31, 1896, twenty-four banks
have matured shares. The number of months during© which
these shares had been in force in the several banks was as
follows : —
(3
1 bank <1
(l
1 Cl
1
1 Cl
2
1 Cl
2
1 cc
2
1 cc
2
1 cc
2
1
1 cc
1 cc
2
1 cc
1
1 cc
2
1 cc
2
1 cc
2
c1
1 cc
\1
1 cc
1
1 cc
2
1 cc
1
1 cc
2
1 cc
2
1 cc
2
1 cc
2
1 cc
2
1 cc
2
1 cc
2

series,
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc
cc

,

.

.

•
,

142 months, each series.
CC
140
cc
139
cc
132
cc
139
each series.
cc
cc
cc
138
cc
cc
cc
141
cc
cc
;c
138
cc
cc
cc
136
cc
138
c
c
CC
41
142
cc
138
cc
cc
cc
134
cc
cc
cc
142
cc
cc
cc
138
cc
138
cc
139
cc
138
cc
cc
cc
138
cc
144
cc
cc
cc
139
cc
cc
cc
135
c
c
c
c
c
c
142
cc
cc
cc
144
cc
cc
cc
139
c
c
c
c
cc
138
cc
cc
cc
135

The average time required for the shares to reach maturity
was 138| months, as against 138^ the preceding year.
The following table gives details of the shares matured during
the year, as also the names of the banks in which said maturity
was reached: —


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

No. 8.]
$1,848 33

Amount.

Number.

Amount.

Number.

Number of
Borrowers.

Number of Holders.

Total.

Unpledged.

Pledged for
Share Loans.

Pledged for
R . E. Loans.

4

5

9

2

1

-

-

2

-

-

10

10

2

-

-

-

-

-

2,006 90

April, 1896,

142

205 84

-

6

-

6

1

1

-

-

1

600 00

1,235 04

1896,

142

206 37

3

-

-

3

1

1

1

-

-

619 11

1885, Oct.,

1896,

139

200 51

-

-

5

5

1

-

-

-

-

1,002 55

Oct.,

1885, Oct.,

1896,

132

204 92

18

-

-

18

4

4

4

3,600 00

-

-

3,688 56

May,

1884,

1895,

139

201 11

10

5

39

54

14

4

10

1,900 00

5

850 00

10,859 94

1884, Oct.,

“

it

(<

27

July,

1884,

»

H

it

29

Jan.,

1885, Oct.,

«

tt

it

30

April,

Campello

tt

it

9

Fitchburg

a

it

14

Dec.,

1895, $142 $205 37

$600 00
-

$130 00

Total
Value of
Shares
Matured.

-

April, 1884, Nov.,

«

Maturity
or Shares .

200 69

26

Haverhill

Maturity
or Shares .

Share L oans
CANCELLED B Y

140

Jan.,

((

«

Real E state
L oans
CANCELLED B T

1895,

25

it

Cambridge Co-operative Bank,

Maturing Value per
Share.

Issue.

Date
of
Maturity.

Amount paid in per
Share.

Date
of

N umber or Shares
Matured .

a

H

15

Nov.,

1884, June,

1896,

139

201 00

10

6

29

45

15

6

10

2,000 00

6

1,160 00

9,045 00

tt

it

12

Nov.,

1884, April,

1896,

138

201 58

13

10

89

112

25

4

3

2,500 00

1

1,200 00

22,576 96
12,400 00

“

a

it

13 May,

1885, Oct.,

1896,

138

200 00

10

6

46

62

17

4

2

1,950 00

2

700 00

Holyoke

a

it

8 May,

1884, Jan.,

1896,

141

203 65

22

5

13

40

7

3

2

4,400 00

1

300 00

8,146 00

it

a

it

9

Nov.,

1884, July,

1896,

141

203 59

6

-

26

32

6

1

1

1,200 00

-

-

6,514 88

Home

a

tt

5

June,

1884,

Dec.,

1895,

138

204 23

-

1

55

56

11

1

-

1

165 00

11,436 88

«

a

ft

1884, June,

1896,

138

5

90

103

14

2

1

1,500 00

1

300 00

20,978 01

tt

tt

15

1884, Dec.,

1895,

4

20

25

13

3

1

200 00

2

400 00

5,014 50

a

it

16 March, 1885, June,

1896,

5

10

53

16

9

8

7,550 00

1

800 00

10,605 83

Homestead
it


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

6 Dec.,
Sept.,

203 67

8

136

200 58

1

136

200 11

38

-

SAVINGS BANK COMMISSIONERS.

NAME OF BANK .

Number of Series.

|

Statement of Shares Matured since Last Lepori.

Amount.

Amount.

Sh are L oans
CANCELLED B Y
M a t u r it y
of Sh a r e s.

Number.

R e a l E state
L oans
C A N C E LLE D B Y
M a t u r it y
of Sh a r e s.

Number.

Number of
Borrowers.

Number of Holders.

Total.

Unpledged.

Pledged for
Share Loans.

Pledged for
R. E. Loans.

of
Maturity.

N u m b e r of Sh ares
M atured.

Share.

Date

Maturing Value per

Date
of
Issue.

Amount paid in per
Share.

NAME OP BANK .

Number of Series.

Statement of Shares Matured since Last Report — Concluded.

Total
Value of
Shares
Matured.

1

May,

1885,

1896, $138 $205 17

5

-

44

49

17

2

2

$900 00

-

Mansfield Co-operative Bank,

3

May,

1884, Feb.,

1896,

142

203 78

5

17

79

101

11

6

1

1,000 00

5

$1,045 00

4

Nov.,

1884,

Aug.,

1896,

142

203 29

11

20

12

43

7

4

2

2,200 00

2

505 00

8,741 47

-Jan.,

1885,

July,

1896,

138

200 49

20

1

39

60

19

3

2

4,000 00

1

150 00

12,029 40

-

-

62

62

13

-

-

-

12,483 70

-

18

52

70

18

3

-

4

4

2

-

2

2

..

Oct.,

-

20,581 78

Mechanics’

“

“

9

Merchants’

“

“

7 Dec.,

1884, Jan.,

1896,

134

201 35

«

.<

«

8 June,

July,

1896,

134

200 80

1884,

Nov.,

1895,

142

208 00

6 July,

1884,

May,

1896,

142

207 52

-

-

2

-

-

Oct.,

1884,

April,

1896,

138

203 75

9

-

13

22

4

1

1

1,800 00

203 23

36

7

16

59

8

6

5

7,000 00

2

1,000 00

11,990 57

200 03

-

9

11

20

4

2

-

-

5

450 00

4,000 60

139

200 67

3

-

3

1

1

2

450 00

-

-

602 01

14

-

-

14

2

2

2

2,800 00

-

2,862 02

-

10

34

44

9

2

-

2

-

-

2

1

1

5 Jan.,

1885,

People’s

“

“

it

it

it

“

“

(1

(<

It

14

April,

1885,

Oct.,

1896,

138

Plymouth

“

“

5

June,

1884,

Dec.,

1895,

138

Pioneer

«

13

Dec.,

1884, July,

1896,

Security

“

“

8

Dec.,

1884, June,

1896,

138

204 43

Somerville

“

“

10

Oct.,

1884,

1896,

138

201 44

Taunton

“


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

“

April,

-

11

April,

1885,

Oct.,

1896,

138

201 16

-

-

12

12

5

May,

1884,

April,

1896,

144

209 59

9

-

3

12

-

-

-

3

-

-

-

-

1,800 00

1,950 00

14,056 00

-

832 00

-

-

415 04

-

-

2

1,000 00

4,482 50

8,863 36

-

-

2,413 92

-

-

2,515 08

[Pub. Doc.

6

-

-

REPORT OF THE

$10,053 33

Lowell Co-operative Bank,

H

H

“

ii

<<

1884, Oct.,

1895,

139

200 92

-

-

32

32

6

- 1

-

-

-

-

6,429 44

1884, April,

1896,

139

200 58

-

-

10

10

2

-

-

-

-

-

2,005 80

9

Oct.,

1884, Jan.,

1896,

135

201 64

43

5

58

106

18

6

4

8,600 00

2

500 00

21,373 84

10

April,

1885, July,

1896,

135

200 74

25

-

77

102

16

3

3

4,850 00

-

-

20,475 48
2,250 05

H

«(

«

a

Ware

c(

a

1 July,

1884, April,

1896,

142

204 55

11

-

-

11

2

2

2

2,200 00

-

-

ii

ii

a

2 Jan.,

1885, Oct.,

1896,

142

204 84

7

-

-

7

2

2

2

1,300 00

-

-

ii

a

4

Dec.,

1883, Dec.,

1895,

144

203 81

-

12

30

42

12

3

-

Waltham
“

Westfield

-

3

1,135 00

1,433 88
8,560 02

(I

a

5 June,

1884, June,

1896,

144

203 81

-

11

11

3

-

-

-

-

li

a

7

May,

1884, Nov.,

1895,

139

200 12

-

2

1

3

2

1

-

-

1

250 00

600 36

ii

<«

8

Nov.,

1884, June,

1896,

139

200 38

5

10

-

15

3

3

1

2

1,000 00

3,005 70

Worcester

ii

a

9

“

H

a

10

«
West Roxhury
<<

<<

Oct.,

1884, April,

1896,

138

201 02

-

-

83

83

13

-

-

April,

1885, Oct.,

1896,

138

200 57

5

-

90

95

20

1

1

Workingmen’s

ii

a

10

Dec.,

1884, March, 1896,

135

201 65

15

5

62

82

23

<<

ii

a

11

June,

1885, Sept.,

135

201 06

29

5

65

99

16

6

178 1,339 1,908

408

109


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

1896,

391

5

1,000 00

2,241 91

-

-

16,684 66

1,000 00

-

-

19,054 15

3

2,800 00

2

250 00

16,535 30

5

5,700 00

1

100 00

19,904 94

82 $76,800 00

54

$15,940 00

$385,456 80

-

SAYINGS BANK COMMISSIONERS.

April,
Oct.,

9
10

No. 8.]

Troy

X

EEPORT OF THE

[Pub. Doc.

S h ar es R e t ir e d .

The wisdom of the statute regulating the retirement of shares
has again been demonstrated, some of the banks not only
retiring the number required by statute, but availing themselves
of the option to retire others, and thus dispose of unemployed
money.
In some banks the number required to be retired had been
equalled by the number voluntarily withdrawn ; and in these
cases, if there appeared to be no intentional delay on the part
o f the officers of the bank, this Board considered the spirit of
the law had been complied with.
In the case of some other banks it has been requisite for the
Board to call the attention of the executive officers to the fact
that shares had not been retired as required by statute ; in most
such cases an immediate compliance with the law was promised,
but in one case the secretary replied : “ The matter will at once
be pressed upon the attention of the directors. It has been
their aim to retire in large sums, rather than with the nicety
which the law would apparently require ; and, unless seriously
objected to by yourselves, this method will be continued, as it
yields the greater satisfaction, and, in the opinion o f the
directors, the spirit of the law is complied with.”
In this case the secretary was at once informed that this
Board did “ seriously object to the directors of any institution
under its supervision taking the law into their own hands and
ignoring the provisions of the statute, more especially in view
of all the circumstances attending the operation of the co­
operative bank system
and added, “ You will please attend
immediately to the required retirement of shares.”
The statute establishing this Board provides in relation to
savings banks that “ if in their opinion any such corporation
or its officers or trustees have violated any law in relation to
savings banks or institutions for savings,” the commissioners
“ shall forthwith report the same, with such remarks as they
deem expedient, to the Attorney-General, who shall forthwith
institute a prosecution for such violation in behalf of the
Commonwealth; ” and the same powers given the Board in
relation to savings banks are by section 20 of chapter 117,
Public Statutes, given it in relation to co-operative banks ; but


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

No. 8.]

xi

SAVINGS BANK COMMISSIONERS

the law seems to be defective, inasmuch as no penalty is im­
posed for such violations of the law.
Chapter 118, regarding banks and banking, stipulates certain
penalties for certain omissions of duty and violations of the
statute, and it is suggested that legislation similar to that
named in the statutes referred to be enacted regarding co­
operative banks.

A consolidated balance sheet, giving in detail the various
items of the assets and liabilities of all the banks, is presented
below : —
Aggregate Statement of Liabilities and Assets, Oct. 3 1 ,1 8 9 6 , showing In­
crease or Decrease, as compared with the Year ending Oct. 3 1 ,1 8 9 5 .
Liabilities.
Amount
C l a s s if ic a t io n .

Oct. 31, 1896.

Dues capital,
Profits capital (all series),
Interest,
.
.
.
.
Premiums, .
.
.
.
F ines,..................................
Transfer fees,
Withdrawal profits, .
Forfeiture profits,
Guaranty fund, .
Surplus.................................
Forfeited share account, .
Advance payments, .
Matured share account, .
Retired share account,
Due on loans,
Sundries, .
.
.
.

$19,053,082
3,360,263
141,602
7,321
4,832
68
7,637
78
126,215
161,739
12,833
5,956
8,573
2,130
10,250
4,106

Increase.

32
42
26
45
08
50
90
37
98
80
19
65
16
85
00
38

$1,835,305
449,448
12,215
92
571
1
1,851

$22,906,692 31

-

Decrease.

91
60
84
78
49
50
26

-

18,772 16
33,392 53

_
_

•

_

$67 84
-

999 12

-

922 22
3,076 11
1,558 14
-

1,013 57

_
_

3,129 95
-

Assets.
Loans on real estate,.
Loans on shares,
Permanent expense account,
Temporary expense account,
Real estate by foreclosure,
Dues unpaid,
Unpaid interest,
Unpaid premiums,
Unpaid fines,
Bonds and notes,
Mortgages, .
.
.
.
Sundries...............................
C a s h ,..................................


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

.
.
.
.

.
.
.
.

.
.
.
.

.
.

.
.

.
.

.

.

.

$20,777,352 66
989,834 44
12,701 14
12,563 97
282,609 61
29,494 00
104,561 37
5,753 41
9,458 63
157,884 28
25,827 78
14,139 98
484,511 04
$22,906,692 31

$2,350,154
138,503
652
1,571
98,059
6,165
23,120
986
1,910
43,753

10
02
08
52
33
00
71
02
81
57

-

5,931 80
-

_
_
_
_
_
_
_

$5,896 77
-

310,885 99

X ll

REPORT OF THE

[Pub. Doc.

A comparison of the foregoing aggregate statement with the
balance sheet of Oct. 31, 1895, shows an increase in dues cap­
ital of $1,835,305.91 and in profits capital of $449,448.60, — a
very favorable exhibit, considering the conditions existing in
the months immediately preceding the date of the last reports.
Loans on real estate have increased $2,350,154.10 and loans
on shares $138,503.02, — a total increase in loan account of
$2,488,657.12, as compared with an increase of $1,903,409.10
in the preceding year.
The cash on hand is $310,885.99 less than in 1895 ; of the
amount on hand, say $484,511.04, the sum of $10,250 is due to
borrowers and the additional sum of $209,210.73 is reported
as sold, leaving uninvested the sum o f $265,050.31, against
$504,493.46 on Oct. 31, 1895.
The amount of unpaid interest, which now stands at
$104,561.37, shows an increase of $23,120.71 from Oct. 31,
1895, and of $31,166.11 since Oct. 31, 1894, — an increase
quite out of proportion to the increase in loans. These are
facts much to be regretted ; whether owing to the business
depression of the period, to laxness on the part of the bank
officials in urging necessity of prompt payment, or as showing
that the class o f borrowers may not be so good as in the years
previous, can only be demonstrated by future investigation and
results.
The item of unpaid dues, as shown in the balance sheet, say
$29,494, does not show the amount actually unpaid in all the
banks, but is merely the amount given in the balance sheets of
those banks which carry this item on their general ledger.
The actual amount of dues unpaid in all the banks is
$236,764.
I n vestm ents

in

B o nds, E t c .

In section 10 of chapter 117 o f the Public Statutes it is pro­
vided, when “ a balance of money remains unsold after a
monthly sale,” that banks can invest the same in national, State
and certain municipal bonds. This seems a wise provision
to meet certain conditions which are liable to occur in any
co-operative bank, but in the opinion of this Board should
be availed of merely as a temporary expedient, and not resorted
to for making a permanent investment in such securities.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

X l ll

At the date of the annual reports there were nine banks
holding such securities : —
One held

$1,799
6,772
3,217
15.000

13
29
83
00

66.000 00

3,095
5,000
47.000
10.000

03
00
00
00

The bank holding the largest amount of such securities has
increased its holdings from $15,000, in October, 1893, to
$66,000, in October, 1896; another bank has increased its
holdings from $40,000, in October, 1895, to $47,000, in
October, 1896.
It is the opinion of this Board that when a bank has to invest
its funds permanently in such securities it has outgrown its
usefulness as a co-operative bank, and is encroaching on the
business of the savings banks ; and in our last report it was
stated that in such cases it had been suggested by this Board
that the bonds be sold and the avails thereof be distributed by
the retirement of shares; these suggestions, however, have
not been complied with, and on the part of one bank it was
claimed that it is wise banking to carry such investments, —
a conclusion in which this Board does not concur.
The business of our co-operative banks, which are merely
building and loan associations, is so unlike the business of
regular banking institutions that rules for the conduct of the
latter institutions are totally inapplicable to the former.
It is conservative, wise action for savings banks to hold such
securities, inasmuch as they are liable at any time to be called
upon to meet withdrawals of deposits in excess o f the cash in
hand; co-operative banks are not open to that liability, as the
statute provides that at no time shall more than half of the
funds in the treasury be applicable to the demands of with­
drawing members without the consent of the directors.
The class of securities under discussion pay a low rate of in­
terest as compared with the legitimate loans of the banks, and


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

XIV

REPORT OF THE

[Pub. Doc.

in consequence their earning capacity is thereby reduced ; these
securities, too, command a considerable premium, which sooner
or later must be charged out of earnings, and this again adds to
the reduction of profits to be distributed.
The bank having the largest investment in this class of
securities has within the past two years been obliged to con­
siderably reduce the rate of its dividends; such a reduction
entails a hardship upon the “ home seekers,” who have gone
into the bank in good faith, expecting to reap the advantages
of the co-operative bank system.
The fact that co-operative banks are exempt from taxation
gives the investments in these securities a preference over
similar investments by savings banks, and is consequently
unfair to the latter.
The business of co-operative banks can not be interfered with
by savings banks, and the business of the latter ought not to be
interfered with by co-operative banks.
The tendency on the part of some of the co-operative banks
not only to continue, but to increase, investments of this class,
would seem to demand immediate legislative action, and such
is hereby recommended. Such action might be in one of sev­
eral forms : —
1. It might repeal the statute giving authority to make
such investments even temporarily;
2. It might require the sale of such securities after they
had been held a certain limited time ;
3. It might provide that, when a bank has a certain per
cent, of its money not loaned, it shall cease the issue of shares
except to borrowers ; or
4. It might provide for the taxation of such securities in
the same manner as if held by an individual or an institution.

R eal E state held uxder F oreclosure or M ortgages.

In the consolidated balance sheet of Oct. 31, 1895, this item
amounted to $184,550.28, being nine-tenths of one per cent,
of the total assets of all the banks; in the foregoing table the
same item is $282,609.61, or nearly one and one-fourth per
cent, of the total assets.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

xv

The amount thus held is distributed through 46 banks, and
ranges from $597.84 in one bank to $28,675 in another.
O f the whole number of banks, say 122, there are 76 which
do not hold any real estate under foreclosure; of the 41 banks
in which real estate was so held at the date o f our previous
report, 16 have disposed of the property thus held.
During the year covered by this report 48 banks have taken
on 123 estates, amounting to $221,145.04, in their foreclosure
accounts; the further sum of $21,410.47, paid for taxes, re­
pairs, insurance, etc., has swelled the amount debited to the
account to an aggregate of $242,555.51.
Thirty-seven banks have made sales of 78 parcels of real
estate, receiving therefor the sum of $137,274.56; and fore­
closure account has also been credited with $8,930.11 received
for rents, etc., of the various estates.
O f the 78 parcels sold, 13 have shown a profit amounting to
$1,449.27 and 24 have resulted in losses amounting to $6,226.08.
In the reports for the year ending October 31 last the Board
called for more extended information regarding the real estate
operations of the several banks than has been customary here­
tofore.
The amount standing at debit of foreclosure account on the
date mentioned, say $282,609.61, was represented by 143
parcels of property; the amount originally loaned on these
properties was $275,373.40; the amount debited to foreclos­
ure account, at the time the property passed into possession of
the banks, was $275,654.96, — showing that the parties who
borrowed thereon had not as a whole paid dues enough into
the banks at the time of foreclosure to pay the interest, pre­
miums and fines accrued and not paid.
The figures also show that the property taken has, as a whole,
been a source of considerable expense to the banks since it
came into their possession.
Of the 143 estates before mentioned as representing the
holdings of the several banks, 114 estates, amounting to
$217,789.18, are in the towns and cities (or immediately con­
tiguous thereto) where the banks are located; the other 29,
amounting to $64,820.43, or about 22£ per cent, o f the whole,
are situate in localities more or less remote from the bank.


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

xvi

REPOET OF THE

[Pub. Doc.

The amounts held by the banks, as shown by the reports of
the present decade, have been as follows : —
1890,
1891,
1892,
1893,
1894,
1895,
1896,

.

.
.
.
.

$49,833
67,556
98,480
105,197
139,136
184,550
282,609

19
86
99
75
92
28
61

A consideration of the foregoing facts leads to the inference
that the committees charged with the investment of the funds
o f the banks have not heretofore always been as conservative
in their action as the interests of the institutions would seem to
require.
The commissioners have gone thus fully into statistics re­
garding this topic, hoping the figures may serve as an object
lesson to all the banks ; that those which have heretofore been
fortunate enough to escape the necessity of foreclosing mort­
gages may congratulate themselves on their past good manage­
ment, and that others may take warning therefrom o f the sig­
nal danger which lies in making loans at a distance from home,
or with a small margin of value in the property and shun such
loans in the future.
When a co-operative bank in Boston makes loans in Essex
and Plymouth counties, or one in Worcester County seeks
loans in Middlesex or Hampden counties, or one in Plymouth
County advances money to builders in Middlesex or Bristol
counties, the result in the end will generally be an added proof
of the well-established fact that the greatest success in building
and loan associations, called by whatever name they may be,
is accomplished by those institutions which confine their opera­
tions to their own immediate locality.
The time may not yet have arrived, but, if the banks do not
in the near future voluntarily cease to reach out in all directions
for shareholders and for borrowers, it will hereafter come,
when it will be requisite to prescribe by statute that all the
business of a bank shall be limited to a territory within a certain
radius of its place of business.
A co-operative bank which desires to do the legitimate
business of such an institution should decline to make loans to


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

XVII

speculators in real estate, or upon unimproved lands, business
structures, stables or factories, and limit its loans to those who
actually desire to obtain homes fo r themselves. In the end, this
course will be found the most profitable to the shareholders.
In connection with the question of real estate holdings, it is
desired to call attention to the provisions of statute (section 19
of chapter 117, Public Statutes), wherein it is required that
“ all real estate so acquired shall be sold within five years from
the acquisition of the title thereto.”
In one instance, lately brought to the notice o f this Board,
a bank, in order to have complied with the above-mentioned
requirement, would have been subjected to a very serious loss,
and is still holding the property, notwithstanding five years
have elapsed since the title thereto was acquired.
Under
the circumstances, added to the fact that no penalty is incurred
for a non-compliance with the law, the officers of the bank
were advised by this Board that no action would be taken by
it until after the matter had been brought to the attention of
the Legislature.
The statute governing the business of savings banks contains
a similar requirement, but with the added proviso that upon
the petition of the board of investment, and for good cause
shown, this Board may grant an additional time for the sale of
the property so held.
It is suggested that a similar law in relation to co-operative
banks be enacted at the present session o f the General Court.

T able

of

L

o ans.

In the reports for the past year the banks were called upon
for the first time to give the amount of loans outstanding at each
specified rate of interest, the same return as is required of the
savings banks by statute.
In the compilation of these returns it has been deemed ex­
pedient to consolidate those made by some banks at a certain
rate of premium with those made by others at a rate of interest
corresponding.
The average rate o f interest on real estate loans now pending,
it will be noticed, is 6.295 + , while that on share loans is
6.293 + .


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

XV111

REPORT OF THE

[Pub. Doc.

It is not possible to make a reliable comparison of these rates
with the rates on loans pending in savings banks, inasmuch as
the latter institutions are permitted to loan on various classes
of securities, and are not required to make separate returns of
the rates paid in the numerous classes.
W

it h d r a w a l

P r o f it s .

The question as to what, if any, portion of the profits placed
to the credit of a shareholder should be forfeited to the bank
upon withdrawal, continues to be an undecided problem ; there
appears, however, from time to time, as the matter is brought
home to the officers of the banks, a growing disposition in some
cases to entirely abandon the custom, and in others to reduce
the proportion.
The banks continue to vary greatly in their practice, some
retaining no part, others but a small portion, still others grad­
ing the portion according to the age of the shares to be with­
drawn, and another class insisting upon the forfeiture of 25 per
cent, of the amount, without regard to age of series or other
circumstances.
Several attempts have been made within the past few years
to procure an amendment to the law w7hich should be uniformly
agreeable to the banks; the representatives of some of the
banks have, however, always opposed any plan which differed
from the one in use in their respective institutions ; such op­
position on the part of a bank which does not require its
withdrawing members to suffer loss is commendable, and we
believe the time has arrived when it should be required of all
the banks to adopt, within a certain specified time, the rule that
no member should be required to surrender any portion of his
accredited profits when he feels compelled to withdraw.
The adoption of such a rule would often prove to be a great
boon to the borrower, who might desire to apply the value of
his shares (oftentimes considerable) to the reduction of his
loan, thereby becoming better able to promptly meet the
smaller amount of payment required each month.


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

No. 8.]

SAYINGS BANK CO M M ISSIO N E D .

xix

F in e s .

The statute in that part relating to tines has always been
ambiguous, and frequent complaints and inquiries are made to
this Board as to its practical application.
Even when the banks were dividing profits at a considerably
higher rate than at present, it seemed uncalled for to charge
(as some banks did) a delinquent borrower with a penalty of
24 per cent, per annum, through a series of months; to do so
now, — and such a course is still possible, under the law as it
stands, — when the rate of profits divided, as well as the interest
paid upon loans, is much lower than formerly, seems an added
hardship to a borrower who, by reason of illness, loss of work
or other misfortune, is necessarily delinquent.
The motto adopted by many of the banks, “ The American
Home, the Safeguard of American Liberties,” appears appro­
priate and emblematic of the purpose of the institutions ; and
it would seem only in keeping with the spirit of the motto if
the banks should join in throwing such safeguards around the
“ home seeker” as will relieve him from such onerous if not
unjust penalties as he is subject to now in the matter of fines.
We suggest, therefore, that the law in relation to fines be
amended so as to prohibit a charge of over 1 per cent, a month
on each dollar in arrears, but with the proviso that such fine
may be charged for the entire term in which such member
remains in arrears, the authority to do which at present is
doubted.
B onds

of

O f f ic e r s .

Under the provisions of the statute governing savings banks
it is provided that “ The treasurer shall give bond for the
faithful discharge of his duties, to the satisfaction of the trustees,
and shall file with the board of commissioners of savings banks
an attested copy of his bond, with a certificate of the custodian
ot the bond that the original is in his possession. The treasurer
shall notify said board of any change thereafter made therein.
I f a treasurer fails, within ten days from the date thereof, to
file a copy of his bond, or to notify the board of any change
therein as required by this act, he shall be liable to a penalty
ot fifty dollars. The board shall keep a record showing when


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

XX

REPORT OF THE

[Pub. Doc.

said bonds expire, and the changes so notified, and, whenever
in their judgment it is necessary for the security of the de­
positors, shall require a new bond in such amount and with such
sureties as said board may approve. The treasurer of every
such corporation shall give a new bond as often as once in five
years.”
While the law in relation to co-operative banks gives to this
Board the same powers as are given to it in relation to savings
banks, there appears to be a question whether this special
provision regarding the officers of savings banks applies to the
officers of co-operative banks, and it is suggested that a similar
law be enacted regarding the bonds of the secretary and treas­
urer of such banks.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

xxi

COLLATERAL LOAN COMPANIES.

There are now three companies coming under this head,
viz. : —
The Collateral Loan Company of Boston,
The Workingmen’s Loan Association of Boston, and
The Worcester Collateral Loan Association of Worcester.
The last-named company was incorporated April 17, 1896;
it did not commence business, however, until after October 31,
therefore no statement of its affairs appears in this report.
Since the date of our last report the Collateral Loan Company
of Boston has established a branch office which has been ex­
amined by the same expert accountant who examines the affairs
of the parent company.
The number of loans made by this company at its principal
office during the year was 42,191, amounting to $694,249.47,
an average to each of $14.08; the average time of the loans
being five months.
At the branch office, from the time it opened for business,
February 1, to date of statement, October 31, the number of
loans made was 1,704; amount loaned, $39,921.35 ; average of
loans, $23.42.
The Workingmen’s Loan Association during the year made
loans of 1,488 in number and of $137,083.21 in amount; an
average to each of about $92.80.
The State director of each of the companies has certified to
the annual returns as required by statute.


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

XXII

REPORT OF THE

[Pub. Doc.

MORTGAGE LOAN COMPANIES.

T h e N a t io n a l M o r t g a g e

and

D ebenture Com pany.

Owing to the unsettled condition of business generally in
the West, this company has made little progress during the
past year in the liquidation of its affairs.
G lobe I nvestm ent Co m p a n y.

Little can be added to what was said in our last report in
regard to this unfortunate concern.
The receiver advises the Board as follows : A report in the
form as heretofore issued by your Board would be impracti­
cable,” and “ the supposed assets of the company as shown
in their last report have dwindled almost entirely away, so
that now the only assets the receiver can properly refer to as
such are some thirty-eight titles to real estates in several States
of the West. A careful examination based upon specific re­
ports concerning the condition of these properties shows twentysix to be of such doubtful value as not to warrant the use at the
present time of funds to pay the necessary taxes on the same.
Taxes to the extent of $782.57 on the others have been paid.”
“ Other assets consist of a small number of (commission)
second mortgage notes which were not pledged by the com­
pany, one first mortgage o f a face value of $800 and the very
large contingent items of foreclosure costs, taxes and interest
advanced by the company.” “ At the present time, therefore,
the receiver cannot say that he has in his possession assets more
than sufficient to pay the actual expenses of the receivership. ”
“ An examination of the accounts and relationship between the
Globe Investment Company of Massachusetts and the Globe In­
vestment Company of Nebraska will be made in January and
the result reported to your Board.”
In our last report it was stated that the president and
treasurer of the Globe Investment Company were under in­
dictment for embezzlement.


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

No. 8 .]

SAYINGS BANK COMMISSIONERS.

xxiii

Upon the indictment against the treasurer, the case was heard
upon an agreed statement of facts by the Superior Court.
He pleaded not guilty, but the jury returning a verdict of
guilty, an appeal was taken to the Supreme Judicial Court,
which over-ruled the exceptions of the defendant, and he
was subsequently sentenced to the State Prison for a term of
not less than three nor more than three and one-half years.
The president was re-indicted by the grand jury for several
offences instead of one, as under the old indictment, and has
since pleaded guilty and now awaits sentence.


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

XXIV

REPORT OF THE

[Pub. Doc.

FOREIGN COMPANIES.

The companies now doing business in this Commonwealth
under license from this Board are —
The Minnesota Saving Fund and Investment Company, and
The Security Savings and Loan Association, both of Min­
neapolis, Minn.
The amount of money reported by the two companies as
having been collected in the Commonwealth for the year ending
Oct. 31, 1896, is $72,905.26; the amount paid back to with­
drawing members is $46,056.96 ; the deposit in the State
treasury is as follows : —
Minnesota Saving Fund and Investment Company, . $63,905 80
Security Savings and Loan Association, .
.
. 71,720 77

These companies continue to send monthly reports to this
Board, and also copies of such annual or semi-annual returns
as are required to be made to the State authorities of Minnesota.
As to the character of the loans or other assets of the com­
panies, this Board cannot, at this distance, form any accurate
opinion.
In the case of the Security Savings and Loan Association,
certain items in its recent monthly reports have attracted the
attention of this Board and explanations thereof have been
required of the company.
Complaints have also been made to the Board by stock­
holders, who had given notice of their intention to withdraw,
that the company had been obliged to avail itself of the pro­
vision of law and take more than the usual time within which
to meet payments of such withdrawals.
Within a few days a representative of the company has come
from Minneapolis and met the Board to explain the condition
of its affairs.
From interviews with him it is ascertained that little new
business is at present being attracted to the company ; that


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

No. 8.]

SAVINGS BANK COMMISSIONERS.

XXV

it has been obliged to foreclose some loans and is now in
possession of considerable real estate, from part of which no
income is being received.
Owing to these facts the monthly receipts of money have
fallen off, and, in consequence, a moiety thereof (being all which
the law requires to be appropriated for withdrawals) is not
sufficient to meet the demands of withdrawing members, who
are therefore required to wait an indefinite time, the company
expressing the belief it will not exceed sixty or ninety dqys.
The fact is also developed that some losses have been made,
and that in the past too large a proportion o f expenses has
been carried in permanent expense account. In order that these
items, together with some worthless assets which have accumu­
lated during several years, might be charged off and the
company’s books show more accurately its true condition, it
has availed itself of the provisions of the law of Minnesota and
levied an assessment of five per cent, on the amount paid in by
each stockholder ; this has been charged up to his account to be
collected when the shares are withdrawn.
The company informs us that the real estate held by it is
located principally in Minneapolis, St. Paul and Duluth, and
that most of it is improved residence property; also that from
the portion added during the past year it will derive a net
income of about one thousand dollars per month.
In view of these facts, the Board recommended to the repre­
sentative of the company that every effort should be made to
realize upon the real estate held by it, so that no loss should
accrue to the shareholders, and to enable it to meet more
promptly the deferred demands of its withdrawing members.
The representative acquiesced in these suggestions and assured
the Board that every effort would be made to meet its require­
ments.
T he A

m e r ic a n

B u il d in g , L o an
of

and

I n v e s t m e n t S o c ie t y

C h ic a g o .

The license of this company to do business in this Com­
monwealth was revoked Dec. 21, 1893, and the company soon
alter went into the hands of a receiver. As stated in our
last report a dividend of 20 per cent, was paid in 1895 ; it was
expected another (small) dividend would have been paid before

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

XXVI

REPORT OF THE

[Pub. Doc.

this, but recent information from the receiver is that “ date of
payment of next dividend depends upon result of litigation
pending in United States appellate court.”

The provisions of chapter 310 of the Acts of 1890, as amended
at the session of the last General Court, are that “ no person,
association or corporation shall carry on the business of accu­
mulating the savings of its members and loaning to them such
accumulations in the manner of a co-operative bank within this
Commonwealth unless incorporated under the laws thereof for
such purpose,” excepting those licensed by this Board previous
to the passage of the last amendment.
Several parties or corporations are now seeking to transact
business here, and have devised schemes which, while intended
to follow nearly or quite in spirit the co-operative bank system
of this Commonwealth, are adroitly planned to save the parties
from being liable to the provisions and penalty prescribed in
the letter of the law.
These various concerns appear to consider Massachusetts as
a rich field in which to secure deposits, and in most instances
they are the parties benefited rather than the public generally.
As the evident intent of the Legislature was to prevent com­
petition on the part of individuals and foreign associations or
corporations with our carefully guarded co-operative bank sys­
tem, this Board is of the opinion that the defects in the present
law should be remedied so as to shut out from the Common­
wealth all concerns which even indirectly undertake to compete
with our own institutions.
N e w L e g is l a t io n .

As a codification of all the general laws of the Common­
wealth is now in the hands of a commission appointed at the
last session of the General Court, the present seems a good
opportunity to press all desired amendments to existing laws,
to the end that when the compilation is completed it may be
allowed to remain for some time intact.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

xxvii

A recapitulation of the matters suggested for legislation in
previous parts of this report is as follows, viz. : —
1. Relating to penalties for non-compliance with the stat­
utes.
2. Relating to investments in bonds and notes.
3. Relating to the time in which real estate must be sold.
4. Relating to withdrawal profits.
5. Relating to fines.
6. Relating to bonds of officers.
7. Relating to individuals and companies doing business in
a manner similar to that of co-operative banks.

C o n c l u s io n .

✓
The financial statements and statistics of the several institu­
tions are contained in the following pages.
The statutes governing the co-operative banks, as also those
relating to the mortgage loan and investment companies, are
printed in the Appendix.


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

STARKES W HITON,
W IL L IA M D. T. TREFREY,
W ARREN E. LOCKE,
Board, of Commissioners of Savings Banks.

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

ABSTRACT OF ANNUAL REPORTS
OP THB

CO-OPERATIVE B A N K S
SHOWING THEIR

CONDITION AT CLOSE OF BUSINESS


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

October 31, 1896.

2

REPORT OF THE

[Pub. Doc.

A C U S H N E T C O -O P E R A T IV E B A N K — N E W BEDFORD .
Incorporated N ov. 15, 1889.
R ufus A . S ou le , President.

Commenced business Nov. 16, 1889.

C h ar le s R . P r ic e , Secretary.
E d g a r L or d , Treasurer.

Names of security committee:
L ot B . B a te s ,
W il l ia m A . K i r b y ,
Ja sper W . B r a l e y .

Regular meetings the fourth Saturday of each month.

B alance Sheet Oct. 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$119,575 00
Loans on shares, .
11,450 00
20 00
Permanent expense account,
Suspense account, .
5 00
Unpaid interest,
628 51
Unpaid dues, .
.
.
.
1,785 00
Unpaid tines, .
.
.
.
101 68
Personal accounts,
5 00
Cash in hands of treasurer, .
2,928 79

Dues capital,
Profits capital (all series),
Guaranty fund, .
Protit and loss,
Forfeited share account,
Personal accounts,

.

$136,498 98

$116,032
18,999
568
821
34
43

00
52
39
29
78
00

$136,498 98

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 31, 1896.

R e c e ip t s .

From dues capital,
interest,
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure,
personal accounts,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$33,521
7,779
269
1
14,950
7 ,5 10
203
176
759

00
22
35
00
00
00
14
91
60

6,000 00
11,078 45
5,635 95
$88,824 62

For real estate loans, .
$35,325 00
share loans, .
11.430 00
dues capital (withdrawn),
16,586 00
dues capital (forfeited),
700 00
profits capital
(withdrawn),
2,383 02
profits capital (forfeited),
176 91
641 97
temporary expenses,
forfeited shares,
773 60
6,000 00
real estate by foreclosure,
11.879 33
personal accounts .
2,928 79
Cash on band Oct. 31, 1896,

$88,824 62

No. 8.]

3

SAVINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

6.06 per cent.
U
6 12
it
6.18
U
6 24
it
6.30
il
6.36
a
6.12
u
6.48
u
6.54
a
6.60

00
00
00
00
00
00
00
0»
00
00

L oans

R eal E sta te .

Rate.

Amount.
$72,025
7,42-5
5 20»
7,250
4,150
6,650
3,95»
3,125
925
2,375

on

$4,575
750
900
275

6.66 per cent.
6.78
6.90
“
7.50
“

$9,590
310
400
160
15»
10
60
630
20
120

00
00
00
»0
00
00
00
»0
00
00

Sh a r e s .

Rate.

Amount.

Rate.

00
00
»»
00

on

6.06 per cent.
6.12
“
6.30
6.36
‘‘
6 54
6.60
6 66
7.02
“
7.08
“
7.26

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14

86 6 6

78
69
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

19
97
00
27
76
48
40
53
85
38
10

Value.

267
230
103
115
231
108
212
153
86
185
186
241
374
391

T otal

Shares in
Force.

1889,
1890,
189»,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

$104 41
95 39

Series.

Da te of
I ssue.

Nov.,
May,
N ov.,
M av,
Nov ,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital

$27,877
21,939
8,925
8,991
16,163
6,696
11.505
7,154
3,395
5,994
4,748
4,512
4,630
2,385

47
70
98
85
«7
00
24
28
28
00
58
85
12
10

Dues capital, as per gen$116,032 00
eral ledger..
Profits capital, as per
18,999 52
general ledger, .

82 00
$135,031 52

Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,
Lareest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of m em b ers,.......................................
Present number of borrowers........................................
Present number of non- borrowers, .
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.......................................
Largest loan to any one member, .
.
.
.
Smallest loan to any one m em ber,..............................
Amount of expenses of the corporation for the year ending Oct. 31,
Date of examination by commissioner : July 20.


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

$135,031 52

Total,

. 886
2,882
1,066
.
25
. 511
.
20

•
$0 17
01

.
70
. 410
. 124
. 286
.
79
.
45

1896, .

5,000 00
10 00
641 97

REPORT OF THE

4

[Pub. Doc.

AD A M S C O -O P E R A T IV E B A N K — A D A M S.
Incorporated Dec. 17, 1895.

A. B. M o le ,

Commenced business March 10, 1896.
F r a n k H an lo n , Secretary.

President.
F r a n k H anlon , Treasurer.
Names of security committee:

E . B u r l in g a m e ,
S L. A. H all,
G eopge B. A d a m s .
Regular meetings the second Tuesday of each month.

B alance Sheet Oct . 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
Loans on shares, .
Permanent expense account,
Cash in hands of treasurer, .

$3,850
20
170
97

00
00
48
47

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.

$4,137 95

$4,071 00
65 26
68
1 01
$4,137 95

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
fines,
.
.
.
.
share loans repaid,

D is b u r s e m e n t s ,

$4,086
82
19
10

00
50
20
00

For real estate loans, .
share loans, .
dues capital (withdrawn),
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1896,

$3,850
30
15
29
175
97

00
00
00
75
48
47

*
$4,197 70

$4,197 70

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$3,850 00

on

Rate.
6 per cent.


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

R eal E state.

Amount.
__

L oans

Rate.

-

Amount.
$20 00

on

Sh a r e s .

Rate.
6 per cent.

No. 8.]

SAVINGS BANK COMMISSIONERS.

5

$8

13

Total
Value.

1

Shares in
Force.

M ar., 1896, .

Series.

D a te of
I ss u e .

Value per
share.

Reconciliation of Share Account with Dues and Profits Capital.

502

$4,181 26

Dues paid in advance, .

Total...............................................

92 00

$4,173 26

Dues capital, as per gen­
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$4,071 0 0
65 26
37 00
$4,173 26

Number o f shares issued during the y e a r , ................................................. 507
Number of shares now in f o r c e , .....................................................................502
Number of shares now borrowed upon................................................................ 33
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 5
Highest per centum of interest received during the year: 6 .
Lowest per centum o f interest received during the y ea r: 6 .
Number of members withdrawn during the year......................................................1
Present number of m e m b e r s ,.................................................................................. 115
Present number of b o r r o w e r s ,...................................................................................... 5
Present number of no n -bo rro w ers,.........................................................................110
Number of loans secured by first mortgage of real estate,
.
.
.
4
Number of loans on s h a r e s , ...................................................................................... 1
Largest loan to any one member,
.............................................................................. $2,000 00
Smallest loan to any one member.....................................................................................
30 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
34 75
Date of examination by commissioner: June 25.


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

6

REPORT OF THE

[Pub. Doc.

A L L ST O N C O -O P E R A T IV E B A N K — BOSTON.
Incorporated April 8 , 1887.

Commenced business April 9, 1887.

H o m e s R ogers , P r e s id e n t .

G eorge F . T aft , S e c r e t a r y .
G eorge F. T aft , T r e a su r e r .
Names of security committee:

F r e e i .on M orris ,
S. W . B r o w n , Jr.,
F r e d e r ic k H a m m o n d .
Regular meetings the second Saturday of each month.

B alance Sheet Oct. 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$380,126 00
Loans on shares, .
29,480 00
Permanent expense account,.
731 67
Temporary expense account,
720 48
Real estate by foreclosure, .
18,398 95
Unpaid interest,
2,273 50
Unpaid premiums,
116 05
Unpaid fines, .
.
.
.
258 54
Cash in hands of treasurer, .
7,460 58
'

Dues capital,
$366,958 00
59,90S 73
Profits capital (all series), .
Interest,
.
.
.
.
8,368 27
Premiums, .
.
.
.
457 93
F i n e s , .......................................
365 56
Transfer fees,
3 25
Withdrawal profits,
380 89
Forfeiture profits,
4 95
Guaranty fund, .
2,113 12
Surplus,
.
.
.
.
859 00
Forfeited share account,
146 07

$439,565 77

$439,565 77

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s.

D is b u r s e m e n t s .

From dues capital,
$105,767 00
interest,
22,645 25
premiums, .
1,257 93
fines,
.
.
.
.
846 95
transfer fees,
8 25
78,460 00
real estate loans repaid,
share loans repaid,
30,550 00
withdrawal profits,
1,004 74
forfeiture profits, .
4 95
real estate income,
817 41
temporary e x p e n s e
345 00
(rents),
Cash on hand Oct. 31, 1895, .
29,298 74

$159,086 00
For real estate loans, .
share loans, .
36,995 00
dues capital (withdrawn),
37,103 00
dues capital (forfeited),
271 00
dues capital (retired), .
11,715 00
profits capital (withdrawn),
5,094 80
19 79
profits capital (forfeited),
profits capital (retired),
2,880 22
temporary expenses,
2,455 84
208 65
permanent expenses,
real estate by foreclosure,
7,716 34
7,460 58
Cash on hand Oct. 31, 1896,

$271,006 22

$271,006 22


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

No. 8.]

7

SAYINGS BANK COMMISSIONERS
Total Amount of Loans at Specified fiâtes of Interest.
i

L oans

on

R eal E state.

L oans

on

Sh a r e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$371,390 00
5,500 00
1,800 00

6.30 per cent.
6.60
«
6.90

$6,800 00
1,675 00
225 00

7 20 per cent.
7.50
7.80
«

$29,305 00
50 00
125 00

6.30 per cent.
6.60
“
7.20
“

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

1
2

3
4
5
6

7
8

9
10
11
12

13
14
15
16
17
18
19

$154
148
138
128
118
109
99
91
82
74
66

58
50
43
36
29
22
16

19
87
42
34
54
07
93
11
53
21
16
35
79
47
38
50
85
38

10 10

20

4 00

Dues paid in advance, .
Suspense profits, .
Total,

Total
Value.

1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

Shares in
Force.

April,
July,
Jan.,
July,
Jan.,
July,
Jan ,
July,
Jan.,
July,
Jan ,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,

Series.

Date op
Issue.

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

112

$17,269
8,932
22,977
23,229
41,014
24,758
16,588
11,935
39,201
36,140
30,565
19,022
27,172
19,822
21,609
16,756
28,174
9,533
12,261
3,068

60
166
181
346
227
166
131
475
487
462
326
535
456
594
568
1,233
582
1,214
767

28
20
72
54
84
89
38
41
75
27
92
10
65
32
72
00
05
16
40
00

Dues capital, as per general ledger,
$366,958 00
Profits capital, as per
59,908 73
general ledger, .
3,490 00
Unpaid dues,

322 00
1 13
$430,356 73

$430,356 73

Number of shares issued during the y e a r , ........................................2,254
Number of shares now in f o r c e , ...........................................................9,088
Number of shares now borrowed u p o n , ................................................. 2,545
Largest number of shares held by anv one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,198
Number of shares forfeited during the year,
.
.
.
.
.
.3 6
Number of shares retired during the y e a r , ................................................. 146
Highest premium received during the y e a r , ........................................................... $0 20
Lowest premium received during the y e a r , ...........................................................
05
Number o f members withdrawn during the y e a r , ....................................... 116
Present number of m e m b e r s ,.................................................................................. 853
Present number of borrow ers,.................................................................................. 211
Present number of non-borrowers, .
........................................................... 642
Numtier of loans secured by first mortgage of real estate,
.
.
. 179
Number of loans on s h a r e s , .................................................................................... 76
Largest loan to any one m e m b e r , ..............................................................................
5,000 00
Smallest loan to any one m e m b e r ,..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
2,256 01
Date of examination by commissioner: May 19.


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

[Pub. Doc.

REPORT OF THE

8

A M E S B U E Y C O -O P ER ATIV E B A N K — AM E SB U R Y.

Incorporated April 10, 1886.
W

il l ia m

Commenced business M ay 1, 1886.

W . H a w k .e s , P r e s id e n t .
P orter Sa r g e n t , S e c r e t a r y .
P orter Sa r g e n t , T r e a su r e r .

Names of security committee:
W m . W . H aw kes,
A n d r e w H . F ie l d e n ,
R ich a r d E . B r ig g s ,
G eo . F . P i k e ,
John C u r r ie r .

Regular meetings the first Monday of each month.

B alance Sheet O ct. 31, 1896.

L ia b il it ie s .

A ssets,

Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid premiums,
Cash in hands o f treasurer, .

$82,390
2,900
1,131
96
11,607

00
00
82
90
33

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.

$78,248
16,443
1,172
2,261

00

76
67
62

$98,126 05

$98,126 05

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u b s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines....................................
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

71
58

$28,700 00
For real estate loans, .
1 ,2 0 0 00
share loans, .
dues capital (withdrawn),
9,444 00
profits
capital (with­
drawn),
1,234 04
704 32
temporary expenses,
33 79
forfeited shares,
Cash on hand Oct. 31, 1896,
11,607 33

$52,923 48

$52,923 48

$19,470
5,101
338
243
14,100
700
131
12,838

00
08
87
24
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

9

Total Amount of Loans at Specified Rates of Interest.
Loans

on

Real E state.

Amount.

Rate.

$60,990 00
16,900 00

6.30 per cent.
6.60

L oans

Amount.

R ate.

o o
o o
o o
o o
«50^
CO-

6.90 per cent.
750

on

Sh a r e s .

Amount.

Rate.

$2,525 00
375 00

6.30 per cent.
6.60
“

1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

.
.

1
2

.
.

3
4
5

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

6

7
8

9
10
11
12

13
14
15
16
17
18
19
20
21

$174
163
152
142
132
122
113
104
95
86

78
69
61
54
46
39
32
25
18
12

6 10

Dues paid in advance, .
Total,

66
66

98
61
54
77
28
07
13
45
02
84
90
18
69
42
38
52
85
38

Total
Value.

M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D a te of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

26
19
47
51
50
50
47
16
69
64
80
41
94
143
69

$4,541
3,109
7,190
7,273
6,627
6,138
5,324
1,665
6,563
5,532
6,241
2,863
5,818
7,747
3,221
4,769
6,184
714
735
2,822
1,134

121

191
28
39
228
186

16
54
06
11
00
50
16
12
97
80
60
44
60
74
61
82
58
56
15
64
60

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

16,443 76
1,557 00

29 00
$96,248 76

Total,

Number o f shares issued during the y e a r , .......................................
Number of shares now in f o r c e , ...........................................................
Number of shares now borrowed u p o n , .................................................
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
.
.
.
.
Highest premium received during the y e a r , .......................................
Lowest premium received during the y e a r , .......................................
Number of members withdrawn during the year, .
.
.
.
Present number of m e m b e r s ,.....................................................................
Present number of b o rro w e rs,.....................................................................
Present number of non-borrowers.................................................................
Number of loans secured by first mortgage o f real estate,
Number of loans on s h a r e s , .....................................................................
Largest loan to any one m e m b e r , ...........................................................

$96,248 76

.

427
1,659
. 529
.
.
.

25
298
$0

05
05

.
42
. 281
.
76
. 205
.

Smallest loan to any one m e m b e r , ...........................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: June 15.


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

$78,248 00

67
9

.

3,450 0 0
25 00
704 32

10

REPORT OF THE

[Pub. Doc.

A R L IN G T O N C O -O P E R A T IV E B A N K — A R L IN G T O N .

Incorporated Oct. 30, 1889.

Commenced business Nov. 14, 1889.

G eorge D . M oore , P r e s id e n t .
R . W a l t e r H il l ia r d , S e c r e t a r y .
W a r r e n A . P e ir c e , T r e a su r e r .

Names of security committee:
G eorge D . M oore ,
O. B. M arston ,
L . C. T y l e r .

Regular meetings the second Tuesday of each month.

B alance Sheet Oct. 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$141,225 00
Loans on shares, .
2,805 00
Permanent expense account,
447 82
Unpaid interest,
252 93
Unpaid premiums,
• 2 65
Unpaid f i nes, .
.
.
.
31 64
Cash in hands of treasurer, .
1,827 70

Dues capital,
Profits capital,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$146,592 74

$126,554
19,415
252
365
5

00
30
41
23
80

$146,592 74

Detailed Statement of Receipts arid Disbursements for the Year Endinq
Oct. 31, 1896.

R

e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$38,749
7,822
289
144
1
12,850
6,935
196
1,763

00
03
74
84
50
00
00
98
02

For real estate loans, .
$45,275 00
share loans, .
6,465 00
8,759 00
dues capital (withdrawn),
dues capital (retired), .
3,697 00
profits capital
(withdrawn),
784 15
816 96
profits capital (retired),
752 30
temporary expenses,
permanent expenses,
375 00
Cash on hand Oct. 31, 1896,
1,827 70

$68,752 11

$68,752 11

No. 8.]

11

SAVINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Latos of Interest.
L oans

Amount.
$84,925
22,600
18,900
10,350
1,950
1,500

00

6 .0 0

00

6.30
6.60
6.90
7.20
7.50

00
00
00
00

on

L oans

R eal E st a te .

on

Sh a r e s .

Rate.

Rate.

Amount.

Rate.

Amount.

per cent.

$ 1 ,0 0 0 00

8.70 per cent.

$1,145 00

6 .0 0

2 0 0 00

6.30
6.60
6.90
7.50
8.70

“

700 00

“

600 00
60 00

100 00

per cent.
“
“
“
“
“

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

1

2
3
4
5
6

7
8

9
10
11
12

13
14

$104
95
87
78
70
62
54
46
39
32
25
18
12

86

06
53
23
19
38
82
50
40
52
85
38

6 10

Dues paid in advance, .
Total,

91

Total
Value.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

Shares In
Force.

Series.

D a te of
I ss u e .

N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M av,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

190
218
119
91
141
275
161
227
407
238
285
271
275
368

$19,932
20,897
10,360
7,146
9,902
17,102
8,755
10,628
16,076
7,711
7,273
5,108
3,404
2,244

90
48
14
23
43
25
18
14
50
20
20
35
50
80

Dues capital, as per gen$126,554 00
eral ledger,
Profits capital, as per
19,415 30
general ledger, .
700 00
Unpaid dues,

126 00
$146,669 30

Total,

$146,669 30

Number o f shares issued during the year,
.
.
.
.
.
. 716
Number of shares
now in f o r c e , .............................................................. 3,266
Number of shares
now borrowed
upon................................................ 899
Largest number of shares held by any one member....................................... 25
Number of shares
withdrawn during they e a r , ...................................... 390
Number o f shares
retired during
the y e a r , ...................................48
Highest per centum of interest received during the year : 8 ^ V
Lowest per centum of interest received during the year : 6 .
N umber of members withdrawn during the y e a r , ....................................... 56
Present number of m e m b e r s ,................................................................................. 368
Present number of borrowers,.
.
.
.
.
.
.
.
.
80
Present number of non-borrowers............................................................................ 288
Number of loans secured by first mortgage of real estate,
.
.
.
66
Number of loans on s h a r e s , .....................................................................................16
Largest loan to any one m e m b e r , .............................................................................. $5,000 00
Smallest loan to any one m e m b e r ,..............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
Date of examination by commissioner: April 8 .


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

20 00
800 6 8

12

REPORT OF THE

[Pub. Doc

A T H O L C O -O P E R A T IV E B A N K — A T H O L .
Incorporated July 1, 1889.

Commenced business July 15, 1889.

G eorge D . B ates , P r e s id e n t.
C. F. R ich a r d so n , S e c r e t a r y .
C. F . R ich a r d so n , T r e a s u r e r .

Names of security committee:
L e v i B. F a t ,

L er o y C. P a r m e n t e r ,
A r t h u r F. T y l e r .

Regular meetings the third Monday of each month.

Balance Sheet Oct. 31, 1896.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

$66,250
2,885
766
7
80
3,953

00
00

52
40
16
71

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$73,942 79

$61,953
10,789
176
1,021
1

00
96
75
50
58

$73,942 79

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 31, 1896.

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$17,388
3,655
41
274
1
4,450
3,407
91

00
92
84
69
25
00
00

10
96
141 62
2,068 61
8

$31,528 99

For real estate loans, .
$14,100 00
3,340 00
share loans, .
dues capital (withdrawn),
6,283 00
dues capital (forfeited),
140 00
dues capital (retired), .
2,054 00
profits capital
(withdrawn),
.
.
.
801 45
profits capital (forfeited),
17 30
profits capital (retired),
444 70
temporary expenses,
238 03
forfeited shares,
141 62
interest on retired shares,
15 18
Cash on band Oct. 31, 1896,
3,953 71
$31,528 99

No. 8.]

13

SAYINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

on

R eal E state.

Amount.

Rate.

$58,750 00
5,750 00
600 00

6 .0 0

6.30
6.60

L oans

per cent.
«
“

$600 00
400 00
150 00

Rate.

Amount.

6.90 per cent.
7.80
“
9.60
“

$2,885 00

on

Sh a r e s .

Rate.

6 .0 0

per cent.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2

3
4
5
6

7
8

9
10
11
12

13
14
15

$110
101
92
83
75
67
59
51
46
39
32
25
18
12

6 10

Dues paid in advance, .
Total,

48
27
38
74
36
24
37
72
73
44
37
51
85
38

Total
Value.

July,
Jan.,
July,
Jan.,
July,
Jan ,
July,
Jan.,
M ay,
N ov .,
M ay,
Nov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D ate of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

187
46
46
113
36
69
74
140
28
105
93
84
67
233
146

$20,659
4,658
4,249
9,462
2,712
4,639
4,393
7,240
1,308
4,141
3,010
2,142
1,262
2,884
890

76
42
48
62
96
56
38
80
44
20
41
84
95
54
60

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$61,953 00
10,789 96
952 00

37 00
$73,694 96

$73,694 96

Total,

Number of shares issued during the y e a r , ................................................ 395
Number o f shares now in force, '
................................................. 1,467
Number o f shares now borrowed u p o n , ...........................................................418
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 201
Number o f shares forfeited during the y e a r , ................................................. 8
Number of shares retired during the y e a r , ................................................. 27
Highest per centum of interest received during the year: 6 .
Lowest per centum of interest received during the year: 6 .
Number of members withdrawn during the y e a r , ....................................... 28
Present number of members........................................................................................ 205
Present number of borrowers, .
..................................................................... 74
Present number o f n o n -b o rro w e rs,........................................................................ 131
Number of loans secured by first mortgage of real estate,
.
.
.
74
Number of loans on s h a r e s , .................................................................................... 25
Largest loan to any one m e m b e r , ...............................................................................$4,800 00
Smallest loan to any one m e m b e r , ...............................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: March 16.


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

.

238 03

14

[Pub. Doc.

REPORT OF THE

A T L A N T IC C O -O P E R A T IV E B A N K — L A W R E N C E .
Incorporated March 26, 1891.

Commenced business April 30, 1891.

T homas B e v in g t o n , P r e s id e n t .
W .

F . A . Sh e r m a n , S e c r e t a r y .
D . C u r r ie r , T r e a s u r e r .

Names of security committee:
John H a ig h ,
T hom as B e v in g t o n ,
R . H . B arlow ,
R orert T . T o d d ,
John 0 . B a t t e r s h il l .

Regular meetings the last Friday of each month.

B alance Sheet Oct . 31, 1896.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid tines................................
T ax account, .
.
.
.
Cash in hands of treasurer, .

L ia b il it ie s .

$64,000
7,900
44
181
3
18
22
1,046

00
00
65
75
90
49
42
25

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Withdrawal profits,
Guaranty fund, .
.
Surplus........................................
Forfeited share account,

$73,217 46

$64,350
7,841
544
23
30
17
299
98

00
51
72
60
18
36
28
75
12 06

$73,217 46

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$24,033 00
3,925 17
135 16
86 05
50
11,700 00
3,250 00
99 78
1 91
71 33
4,052 78

$30,600 00
For real estate loans, .
5,650 00
share loans, .
8,749 00
dues capital (withdrawn),
dues capital (forfeited),
70 00
profits capital
(with867 02
drawn),
profits capital (forfeited),
7 65
temporary expenses,
235 00
permanent expenses,
37 01
forfeited shares,
71 33
22 42
taxes,
.
.
.
.
Cash on hand Oct 31, 1896,
1,046 25

$47,355 68

$47,355 68

No. 8.]

SAVINGS BANK COMMISSIONERS

15

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

on

R eal E state.

Rate.

$36,000 00
18,600 00
2 ,2 0 0 00

1,350 00
450 00

L oans

Amount.

Rate.

6 .0 0

per cent.

6.30
6.60
6.90
7.20

$ 2 0 0 00
1 ,2 0 0 00

7.50 per cent.
7.80
«

“
“
«

4,000 00

8 .1 0

on

Sh a r e s .

Amount.
$5,800
900
350
750

Rate.

00
00
00
00

6 .0 0

100 00

8 .1 0

per cent.

6.30
7.20
7.50

«
“
“

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

1
2

3
4
5
6

7
8

9
10
11
12

13
14
15
16
17
18
19

Total
Value.

April, 1891,
July, 1891,
Oct., 1891,
Jan., 1892,
April, 1892,
July, 1892,
Oct., 1892,
Jan., 1893,
April, 1893,
Julv, 1893,
Oct., 1893,
Jan., 1894,
April, 1894,
July, 1894,
Oct., 1894,
Jan., 1895,
April, 1895,
July, 1895,
Oct., 1895,
Jan., 1896,
April, 1896,
July, 1896,
Oct., 1896,

Shares in
Force.

D a te of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$79 06
74 97
70 92
66 96
63 00
59 12
55 27
51 49
47 77
44 10
40 48
36 92
33 40
29 94
26 53
23 16
19 85
16 59
13 38

250
5
83
25
134
14
50
75
71
50
36
76
114
107
45
109
113
59
186
165

$19,765
374
5,886
1,674
8,442
827
2,763
3,861
3,391
2,205
1,457
2,805
3,807
3,203
1,193
2,524
2,243
978
2,488
1,686
710
294
74

20
21
22

10 22

23

1 00

7 10
4 03

Dues paid in advance, ,
Total,

100

73
74

•

00
85
36
00
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$64,350 00
7,841 51
473 00

68

50
75
67
00
28
92
60
58
85
44
05
81
68

30
00
19
00

5 00
$72,664 51

Total,

$72,664 51

Number of shares issued during the y e a r , ................................................. 560
Number of shares now in f o r c e , ...........................................................2,014
Number of shares now borrowed u p o n , ........................................................... ’5 39
Largest number of shares held by any one member........................................ 25
Number of shares withdrawn during the y e a r ,.................................................423
Number of shares forfeited during the y e a r , ................................................. 5
Highest per centum of interest received during the year: 8 1-10.
Lowest per centum of interest received during the year : 6 .
Number o f members withdrawn during the y e a r , ....................................... 57
Present number of m e m b e r s , ..................................................................................239
Present number of b o r r o w e r s ,.................................................................................... 69
Present number o f non-borrowers,
.
.
.
.
.
.
. 170
Number of loans secured by first mortgage of real estate,
.
.
.
49
Number of loans on s h a r e s , ....................................................................................20
Largest loan to any one m e m b e r , ...............................................................................$4,000 00
Smallest loan to any one m e m b e r ,..............................................................................
50 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
.
235 00
Date of examination by commissioner : April 23.


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

16

[Pub. Doc

REPORT OF THE

AT T LE B O R O U G H C O -O P E R A T IV E B A H K — A T T L E ­
BO ROU GH .
Incorporated July 18, 1892.

Commenced business Aug. 17, 1892.

S id n e y 0 . B ig n e y , P r e s id e n t.
H a r r y E . Ca r p e n t e r , S e c r e t a r y .
H a r r y E . C a r p e n t e r , T r e a su r e r .

Names of security committee :
F red L . T o r r e y ,
M . F . A sh le y,
A . N . B row nell.

Regular meetings the third Wednesday of each month.

B alance Sheet Oct. 31, 1896.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid prem ium s,.
Unpaid tines, .
.
.
.
Cash in hands of treasurer, .

$10,410 00
175 00
186 00
7 10

08
3 34
1,004 93

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$10,858 00
663 91
146 98
91
3 06
50
11 51
13 57
17 99
70 02
$11,786 45

$11,786 45

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s ,

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

$6,368
516
3
12
500
795
34
1,655

00
56
79
96
75
00
00
13
49

$9,886 68

For real estate loans, .
share loans, .
dues capital (withdrawn),
profits capital
(withdrawn),
temporary expenses,
forfeited shares,
Cash on hand Oct. 31, 1896,

$5,950 00
575 00
2,187 00
136 84
24 91
8 00

1,004 93

$9,886 68

No. 8.]

SAVINGS BANK COMMISSIONERS.

17

Total Amount of Loans at Specified Bates of Interest.
L oans

Amount.
$10,060 0 0
350 00

on

Rate.

6 .0 0

7.20

R eal E sta te .

L oans

Amount.

Rate.

-

-

per cent.
“

on

Sh a r e s .

Amount.

Rate.

$25 00

6 .0 0

per cent.

120 00

6.30
6.60

“

30 00

Aug ,
A ug.,
Feb.,
A ug.,
Feb.,
Aug.,
Feb.,
A ug.,

1892,.
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .

1

3
4
5
6

7
8

9

$56
42
35
28
21
15
9
3

Dues paid in advance, .
Total,

65
12
14
36
75
34
09
00

83
5
20

5
65
202

137
71

Total
Value.

Shares in
Force.

Value per
Share.

D a te of
I ss u e .

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$4,701 95
2 1 0 60
702 80
141 80
1,413 75
3,098 68
1,245 33
213 00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$10,858 00
663 91
2 2 2 00

'

16 00
$11,743 91

Total,

$11,743 91

Number of shares issued during the y e a r , ................................................. 224
Number of shares now in f o r c e , .....................................................................588
Number of shares now borrowed u p o n , ........................................................... 62
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 146
Highest per centum of interest received during the year: 6.90.
Lowest per centum o f interest received during the y ea r: 6.30.
Number of members withdrawn during the y e a r , .......................................35
Present number of m e m b e r s ,.............................................................................91
Present number of b o r r o w e r s ,............................................................................ 13
Present number of non-borrowers, .
.
.
.
.
.
.
.
78
Number of loans secured by first mortgage of real estate,
.
.
.
10
Number of loans on s h a r e s , ............................................................................. . 3
Largest loan to any one m e m b e r , .............................................................................. $2,000 00
Smallest loan to any one m e m b e r , .............................................................................. 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
36 41
Date of examination by commissioner: February 14.


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

18

[Pub. Doc.

REPORT OF THE

B A L D W IN S V IL L E C O -O P E R A T IV E B A N K — B A L D W IN S V IL L E .

Incorporated July 16, 1889.
H . M . Sm a l l , P r e s id e n t .

Commenced business July 24, 1889.

G eorge E . B r y a n t , S e c r e t a r y .
G eorge E . B r y a n t , T r e a su r e r .

Names of security committee :
E . N . M u l l in s ,
E . L. T hompson ,
L ouis L e l a n d .

Regular meetings the fourth Wednesday of each month.

Balance Sheet Oct. 31, 1896.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,.
Temporary expense account,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

L ia b il it ie s .

$23,350 00
5,105 00
120 60
17 89
11 48
2,435 54

Dues capital,
Profits capital (all series),
Interest,
.
.
.
.
Premiums, .
.
.
.
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

.

$31,040 51

$25,422
4,559
356
22
29
246
404

00
27
92
30
08
31
63

$31,040 51

Detailed Statement of Receipts and Disbursements jor the Year ending
Oct. 31, 1896.

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$5,376 00
1,516 13
100 20

49
900
2,530
95
4,617

28
00
00
08
44

$15,184 13

For real estate loans, .
share loans, .
dues capital ( withdrawn),
profits capital
(with­
drawn),
temporary expenses,
Cash on hand Oct. 31, 1896,

$6,050 00
3,925 00
2,317 00
379 34
77 25
2,435 54

$15,184 13

No. 8.]

19

SAVINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

Rate.

$5,800 00
2,650 00

6 .0 0

L oans

R eal Estate.

on

per cent.

Amount.

Rate.

Amount.

$14,900 00

6.60 per cent.

$5,105 00

on

Sh a r e s .

Rate.

6 .0 0

per cent.

6.30

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2

3
4
5
6

7
8

9
10
11
12

13
14
15

Total
Value.

July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,

Shares in
Force.

D a te of
I ssu e.

66

159

78
18
80
62
74
05
57
32
28
54
2 2 80
16 37

8

$17,117
790
1,352
2,045
368
3,352
1,683
50
389
943
1,181
296
180
333
160

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$107
98
90
81
73
65
58
50
43
36
29

10 10

Total,

4 00

15
25
5
51
29
1

9
26
40
13
11

33
40

94
24
70
00
10
74
45
57

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$25,422 00
4,559 27
264 00

88

28
60
40
07
30
00

$30,245 27

Total,

$30,245 27

Number o f shares issued during the y e a r , ................................................. 75
Number o f shares now in f o r c e , .....................................................................465
Number of shares now borrowed upon................................................................ 219
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 49
Highest per centum of interest received during the y ea r: 6 ^ .
Lowest per centum of interest received during the y e a r: 6 .
Number of members withdrawn during the y e a r , ....................................... 9
Present number of members...........................................................................................81
Present number of borrowers........................................................................................ 44
Present number of n o n -b o rro w e rs,...........................................................................37
Number of loans secured by first mortgage of real estate,
.
29
Number of loans on s h a r e s , .................................................................................... 15
Largest loan to any one member.......................................................................................$2,000 00
Smallest loan to any one m e m b e r ,..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
105 53
Date of examination by commissioner : February 17.


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

20

REPORT OF THE

[Pub. Doc.

B E R K SH IR E C O U N TY C O -O P E R A TIV E B A N K -N O R T H
A D AM S.

Incorporated Nov. 8 , 1890.

Commenced business Nov. 19, 1890.

G eorge H . K e a r n , P r e s id e n t .
C. W . F ord , T r e a s u r e r .

C. W . F ord , S e c r e t a r y .

Names o f security committee :
R . E . S cho u ler ,
M . R . F ord .

W . C. E l l is ,

Regular meetings the third Monday of each month.

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

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Cash in hands o f treasurer, .

31, 1896.

L ia b il it ie s .

$62,550
6,717
476
2,229

00
00
90
10

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.

$71,973 00

$64,787
6,922
78
184

00

94
80
26

$71,973 00

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,. .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$24,666
3,552
220
44
3
7,763
7,784
77
2,316

00
86

64
75
50
00
00
23
36

$46,428 34

For real estate loans, .
$29,763 00
share loans, .
7,750 00
dues capital (withdrawn),
5,697 00
profits
capital (withdrawn),
521 15
temporary expenses,
423 59
permanent expenses,
.
44 50
Cash on hand Oct. 31, 1896,
2,229 10
$46,428 34

No. 8.]

21

SAYINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Rates of Interest.
L oans

on

Rate.

Amount.
$18,450 00
7,050 00
37,050 00

6 .0 0

6.30
6.60

L oans

R eal E state.

Amount.

Rate.

Amount.

-

-

$1,600 00
2,650 00
2,467 00

per cent.
“

on

Sh ar e s.

Rate.
per cent.
“
7 .2 0
«

6 .0 0

6.60

1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2

3
4
5
6

7
8

9
10
11
12

Total
Value.

N ov.,
, April,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ày,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D ate of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$84 45
78 00
6 8 93
61 21
53 64
46 27
• 39 11
32 14
25 36
18 76
12 34
6 09

245

$20,690
780
2,757
2,203
9,065
5,043
6,531
6,652
9,205
3,508
3,640
1,954

10

40
36
169
109
167
207
363
187
295
321

25
00

20
56
16
43
37
98

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$64,787 00
6,922 94
333 00

68

12
30
89

■ '
Dues paid in advance, .
Total,

10 00

$72,042 94

Total,

$72,042 94

Number of shares issued during the y e a r , ................................................. 697
Number of shares now in force,
.
.
T.
.
.
2,149
Number of shares now borrowed u p o n , .................................................
. 632
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the y e a r , ....................................... 256
Highest per centum of interest received during the year: 7 f 5 .
Lowest per centum of interest received during the y ea r: 6 t8q.
Number o f members withdrawn during the y e a r , ....................................... 29
Present number of m e m b e r s ,.................................................................................. 273
Present number of b orro w e rs,.................................................................................... 90
Present number of non-borrowers, .........................................................................183
Number of loans secured by first mortgage of real estate,
.
.
.
53
Number o f loans on shares.............................................................................................37
Largest loan to any one m e m b e r , .............................................................................. $3,000 00
Smallest loan to any one m e m b e r ,..............................................................................
25 00
Amount of expenses of the corporation for the year ending Oct 31, 1896, .
523 59
Date of examination by commissioner : June 24.


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

22

REPORT OF THE

[Pub. Doc.

B E V E R L Y CO O P E R A T IV E B A N K — B E V E R L Y .
Incorporated Aug. 25, 1888.

Commenced business Sept. 18, 1888.

G eorge P. B r o w n , P r e s id e n t .
H a r r ie L . O b e r , S e c r e t a r y .
C h ar les F . L e e , T r e a s u r e r .

Names of security committee :
G eorge P. B r o w n ,
G eorge B u t m a n ,
E dm und G il e s .

Regular meetings the third Tuesday of each month.

Balance Sheet Oct. 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$130,020 00
Loans on shares, .
4,325 00
Permanent expense account,
496 27
Unpaid interest,
236 49
Unpaid premiums,
14 52
Unpaid fines, .
.
.
.
70 45
Cash in hands of treasurer, .
1,983 14

Dues capital,
$115,125 00
Profits capital (all series), .
19,778 91
Withdrawal profits,
36 83
Forfeiture profits,
4 16
Guaranty fund, .
662 58
Surplus,
.
.
.
.
1,436 66
Forfeited share account,
101 73

$137,145 87

$137,145 87

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
sundry accounts, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$34,018
8,103
367
339
1
24,925
2,175
218
23
21
49
49

00
05
64
39
50
00
00
34
84
56
00
38

For real estate loans, .
$31,420 00
share loans, .
3,880 00
dues capital (withdrawn),
19,331 00
319 00
dues capital (forfeited),.
dues capital (retired), .
7,375 00
profits
capital (withdrawn),
2,888 85
profits capital (forfeited),
67 24
profits capital (retired),
1,851 82
temporary expenses,
560 96
permanent expenses,
277 0 2
74 03
forfeited shares,
sundry accounts, .
44 50
219 14
interest on retired shares,
Cash on hand Oct. 31, 1896,
1,983 14

$70,291 70

$70,291 70

No. 8.]

SAYINGS BANK COMMISSIONERS.

23

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

on

Rate.

$46,600 00
56,870 00
14,850 00

6 .0 0

6.30
6.60
6.90
7.20

8 ,2 0 0 00

2,250 00

R eal E sta te .

L oans

Amount.

per cent.
“

$800 00
300 00
150 00

Rate.

Amount.

7-50 per cent.
7.80
“
8 .1 0
“

$1,030 00
2,445 00
650 00

“
«

100 00
100 00

on

Sh a k e s .

Rate.

6 .0 0

6.30
6.60
7.80

per cent.
“
“
“

8 .1 0

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

1
2

3
4
5

$124
115
106
97

6

7
8

9
10
11
12

13
14
15
16
17

88

80
71
63
56
48
41
34
27
20
14

8 10
2 00

Dues paid in advance, .
Total,

96
46
23
27
57
13
93
97
24
74
46
39
52
85
38

Total
Value.

1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

Shares in
Force.

Series.

D a t e op
I ssue.

Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
Mar.,
S e p t,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

225
140
51
87
106
63
113
150
155
153
144
197
173
274
163
488
421

$28,116
16,164
5,417
8,462
9,388
5,048
8,128
9,595
8,717
7,457
5,970
6,774
4,760
5,712
2,343
3,952
842

00

40
73
49
42
19
09
50
20
22
24
83
96
90
94
80
00

Dues capital, as per general ledger,
$115,125 00
Profits capital, as per
general ledger, .
19,778 91
Unpaid dues,
2,293 00

344 00
$137,196 91

Total,

$137,196 91

Number of shares issued during the y e a r , ....................................... 1,046
Number o f shares now in f o r c e , .......................................................... 3,103
Number of shares now borrowed upon............................................................... 829
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ....................................... 625
Number of shares forfeited during the year.............................................. 2 2
Number of shares retired during the y e a r , ................................................. 77
Highest per centum of interest received during the y ea r: 12 3-10.
Lowest per centum of interest received during the y ea r: 6 .
Number of members withdrawn during the y e a r , ....................................... 94
Present number of m e m b e r s ,.................................................................................. 4 9 5
Present number of b orrow ers,...................................................................................121
Present number o f n o n -b o rro w e rs,........................................................................ 3 7 4
Number of loans secured by first mortgage of real estate,
.
.
. 114
Number of loans on s h a r e s , .................................................................................... 29
Largest loan to any one m e m b e r , .............................................................................. $5,000 00
Smallest loan to any one m e m b e r ,..............................................................................
10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
650 96
Date o f examination by commissioner : January 20.


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

24

REPORT OF THE

[Pub. Doc.

BOSTON C O -O P E R A TIV E B A N K — BOSTON.
Incorporated April 30, 1888.

Commenced business M ay 2, 1888.

E ugen e M . S m it h , P r e s id e n t .
G eorge T . B osson , S e c r e t a r y .
G eorge T . B osson , T r e a s u r e r .

Names of security committee:
G eorge T . B osson ,
E u g en e M . S m it h ,
H e n r y M . Sa n d e r s .

Regular meetings the first Monday o f each month.

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

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Real estate by foreclosure,
Suspense account, . . .
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer,

31, 189G.

$232,940 00
5,175 00
2,589 52
19
1,845 65
494 50
245 51
5,405 43
.
.

Dues capital,
Profits capital (all series),
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Personal account,

.

$248,695 80

$208,269 00
36,820 27
30
1,233 23
2,330 68
32 62
9 70

$248,695 80

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeited shares, .
suspense,
profit and loss,
real estate by foreclosure,
Cash on hand Oct. 31, 1895, .


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

$77,752
12,987
1,831
908
9
60,425
7,395
603
779
15
2

00
13
25
53
50
00
00
92
05
00
94

690 22
2,007 76

$165,407 30

For real estate loans, .
$106,025 00
share loans, .
5,060 00
dues capital (withdrawn),
22,783 00
dues capital (forfeited),
606 00
dues capital (retired), .
13,305 00
profits capital
(withdrawn),
2,470 48
173 05
profits capital (forfeited),
profits capital (retired),
3,543 34
1,844
03
temporary expenses,
792 03
forfeited shares,
3,281 68
real estate foreclosed, .
interest, .
.
.
.
111 26
7 00
suspense,
Cash on hand Oct. 31, 1896,
5,405 43
$165,407 30

No. 8.]

SAYINGS BANK COMMISSIONERS

25

Total Amount of Loans at Specified Rates of Interest.
L oans

on

Amount.

Rate.

$5,000 00
87,690 00
41,525 00

per cent.
“
“
“
7 .2 0
«
7.50
«
7.80
8 .1 0
“

1 1 ,1 0 0 00

11,350
29,450
19,250
8,900

00
00
00
00

R eal E state.

L oans

Amount.

6 .0 0

6.30
6.60
6.90

$4,225
3.200
700
1,400

Rate.

00
00
00

00

1 .2 0 0 00

450 00
3,500 00
4,000 00

Amount.

8.40 per cent.
8.70
9.00
“
9.30
“
9.90
«
10.80
“
1 2 .0 0

12.30

$2,775
150
1,350
900

00
00
00
00

on

Sh ar e s.

Rate.
6.30 per cent.
6.60
6.90
“
7.80
“

“
»

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

1
2

3
4
5
6

7
8

9
10
11
12

13
14
15
16
17

$138
128
118
108
98
89
80
71
63
55
47
40
32
25
19
12

11
20

63
39
44
80
46
40
60
08
81
79
00
45

6 12

Dues paid in advance, .
Total,

98
36

Total
Value.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

Shares in
Force.

Series.

D a t e of
I ssue.

M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

113

$15,704
14,247
14,291
10,170
26,925
8,939
12,146
14,072
18,847
10,969
13,899
10,060
20,834
19,445
15,751
12,151
8,818

111
121

94
273
100

151
196
297
198
292
251
635
754
829
976
1,441

74
96
31
80
99
00
44
80
62
20
20
08
35

Dues capital, as per general ledger,
$208,269 00
Profits capital, as per
general ledger, .
36,820 27
Unpaid dues.
2,633 00

66

00
20
92

446 00
$247,722 27

Total,

$247,722 27

Number of shares issued during the y e a r , ....................................... 2,659
Number of shares now in f o r c e , ...........................................................6,832
Number of shares now borrowed u p o n , ................................................. 1,395
Largest number of shares held by any one member....................................... 25
Number of shares withdrawn during the year,
.
.
.
.
1,096
Number of shares forfeited during the y e a r , .................................................25
Number of shares retired during the y e a r , ................................................. 164
Highest premium received during the y e a r , ........................................................... $ 1 90
Lowest premium received during the y e a r , ...........................................................
05
Number of members withdrawn during the y e a r , ....................................... 138
Present number of m e m b e r s ,.................................................................................. 719
Present number of b orrow e rs,.................................................................................. 121
Present number of n o n -b o rro w e rs,........................................................................ 598
Number of loans secured by first mortgage of real estate,
.
.
. 108
Number o f loans on s h a r e s , .................................................................................... 28
Largest loan to any one m e m b e r , ..............................................................................
5,000 00
Smallest loan to any one m e m b e r , ..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
1,994 03
Date of examination by commissioner : September 17.


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

[Pub. Doc.

REPORT OF THE

26

B R A IN T R E E C O -O P E R A T IV E B A N K — B R A IN T R E E .
Incorporated June 24, 1889.

Commenced business Oct. 15, 1889.

Ja m e s T . Steven s , P r e s id e n t.
C h ar le s B . Cu m m in g s , S e c r e t a r y .
C h ar le s B . Cu m m in g s , T r e a s u r e r .
Names of security committee:
A n sel O. C l a r k ,

Jam es T . S te v e n s ,

T . H a v e n D e a r in g .
Regular meetings the third Tuesday of each month.

Balance Sheet Oct. 31, 1896.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Forfeiture profits, .
United States 4 per cent, bonds,
Cash in hands of treasurer, .

$36,300 00
2,860 00
20 00

115 50
20

1,799 13
1,668 42

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
Fines.............................................
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Suspense account,

$35,286
6,002
732
43

00
42
14
24

6 22

28
100
489
72

45
39
81
72

1 86

$42,763 25

$42,763 25

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31,1896.
D is b u r s e m e n t s .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

$8,451
2,296
116
103
5,000
1,700
69
1,250

00
21
74
57
00
00

09
35

$18,986 96

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (retired), .
profits capital
(with­
drawn) ,
.
.
.
profits capital (retired),
temporary expenses,
interest on retired shares,
accrued
interest
on
bonds purchased,
United States 4 per cent,
bonds,
Cash on hand Oct. 31, 1896,

$8,900
695
1,633
2,997

00
00
00
00

275
640
336
40

54
34
60
00

1 93
1,799 13
1,668 42
$18,986 96

No. 8.]

27

SAVINGS BANK COMMISSIONERS.

Total Amount of Loans at Specified Bates of Interest.
L oans

Amount. \
$35,900 00

on

L oans

R eal E state.

Rate.

Amount.

Rate.
6.30 per cent.

$400 00

6

60 per cent.

on

Sh a r e s .

Amount.

Rate.

$2,860 00

6.30 per cent.

1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892,.
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .

Total,

3
4
5

$103
100
91
83
74

6

66

7

59
51
44
37
30
23
17

1
2

8

9
10
11
12

13
14
15

•

•

Total
Value.

Shares in
Force.

Series.

D ate of
I ss u e .

Oct.,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

26
29
59
15
93
97
24
74
46
39
52
85
38

196
31
37
23
25
38
23
14
40
29
29
39
32

$20,238
3,108
3,388
1,912
1,873
2,544
1,362
724
1,778
1,084
885
930
556

96
99
83
45
25

11 10

101

1 ,121 10

5 00

74

370 00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

6,002 42
591 00

86

52
36
40
31
08
15
16

$41,879 42

$41,879 42

Total,

.
Number of shares issued during the year,
.
Number of shares now in f o r c e , .......................................
.
Number of shares now borrowed upon, .
.
.
.
.
Largest number of shares held by any one member,
.
Number o f shares withdrawn during the y e a r ,.
.
Number of shares retired during the year,
Highest per centum of interest received during the year: 6 3-10.
Lowest per centum of interest received during the year: 6 3-10.
Number o f members withdrawn during the year, .
.
Present number of m e m b e r s , .................................................
.
Present number of b o r r o w e r s ,.................................................
.
Present number of n o n -b o r r o w e r s ,.......................................
.
Number of loans secured by first mortgage of real estate,
.
Number o f loans on s h a r e s , .................................................
•
Largest loan to any one m e m b e r , .......................................
Smallest loan to any one m e m b e r , .......................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : September 22.


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

$35,286 00

176
731
277
25
39
37

8

115
42
73
38
12

.

$2,500 0 0
15 0 0
351 60

28

REPORT OF THE

[Pub. Doc

B R O O K LIN E C O -O P E R A T IV E B A N K — B R O O K LIN E .

Incorporated March 13, 1895.

Commenced business May 2, 1895.

N a t h a n ie l C onant , P r e s id e n t .
W il l ia m S. K em p , S e c r e ta r y .
W il l ia m S. K e m p , T r e a su r e r .

Names of security committee:
G eorge F . B oynton ,
P e ter R eise r ,
M . J. O’ H e a r n ,
E . A . R o b ar t ,
A . H . B a il e y .

Regular meetings the first Thursday of each month.

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

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$11,500 00
435 00
2 00 00

1,833 09

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.

.

$13,968 09

$13,452 00
444 49
10 00

61 60
$13,968 09

Detailed Statement of Receipts and Disbursements for the Year Ending
Oct. 31, 1896.

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$10,969
477
21
41

00
02
30
22

50 00
97
709 73

For real estate loans, .
$11,500 00
share loans, .
485 00
dues capital (withdrawn),
422 00
profits capital
(with­
drawn),
3 93
temporary expenses,
9 32
permanent expenses,
2 75
interest, .
.
.
.
15 15
Cash on hand Oct. 31, 1896,
1,833 09

$14,271 24

$14,271 24

2 00
2 ,0 0 0 00

No. 8.]

29

SAYINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
Loans

on

Real E state.

L oans

Amount.

Rate.

Amount.

Rate.

$11,500 00

6.30 per cent.

-

-

on

Sh a r e s .

Amount.
$435 00

Rate.

6 .0 0

per cent.

Reconciliation of Share Account with Dues and Profits Capital.

a

Da te op
I ss u e .

>

os
M ay, 1895, .
N ov., 1895, .
M ay, 1896, .

1

2
3

o

$18 66
12 35
6 10

464
345
175

Dues paid in advance,
Total,

$8,658 24
4,260 75
1,067 50

Dues capital, as per gen­
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$13,452 00
444 49
206 00

116 00
.

$14,102 49

.

Total,

$14,102 49

I
Number of shares issued during the y e a r , .................................................
Number of shares now in f o r c e , .....................................................................
Number of shares now borrowed u p o n , ...........................................................
Largest number of shares held by any one member,
.
.
.
.
Number of shares withdrawn during the y e a r , .......................................
Highest premium received during the y e a r , .................................................
Lowest premium received during the y e a r , .................................................
Number of members withdrawn during the y e a r , .......................................
Present number o f m e m b e r s ,..............................................................................
Present number of b o rro w e rs,..............................................................................
Present number of n o n -b o rro w e rs,.....................................................................
Number of loans secured by first mortgage of real estate,
Number of loans on shares.......................................................................................
Largest loan to any one m e m b e r , .....................................................................
Smallest loan to any one member...........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896
Date o f examination by commissioner: December 9.


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

535
984
98
25
51
$0

05
05

14
142
6

136
3
3
4,500 00
50 00
23 40

30

[Pub. Doc.

REPORT OF THE

CA M BR ID G E C O -O P E R A TIV E B A N K — E A ST CA M B R ID G E .
Incorporated Sept. 5, 1877.
R ufus R . W

Commenced business Sept. 12, 1877.

a d e , P r e s id e n t .

John H . P once , S e c r e t a r y .
John L o u g h r e y , T r e a su r e r .

Names of security committee :
G eorge S. K e e l e r ,
F r a n k E. C l a r k ,
John L o u g h r e y .

Regular meetings the second Wednesday of each month.

B alance Sheet Oct. 31, 1896.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,.
Unpaid fines, .
.
.
.
Unpaid dues, .
.
.
.
Cash in hands of treasurer, .

L ia b il it ie s .

$36,900 00
2,830 00
8 26
281 00
29 81
41 53
433 00
2,486 29

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Forfeited share account,
Matured share account,
Sundry balances,.

$43,009 89

$33,868.00
7,313 71
170 64
9 66
1,621 66
26 22

$43,009 89

Detailed Statement of Beceipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
sundry balances,.
matured share account,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s ,

$8,676
2,117
213
55
3,600
880
232
27
1,621
4,660

00
10
04
72
00
00

26
24
66

35

$22,083 37

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (matured),
profits capital
(withdrawn),
profits capital (matured),
temporary expenses,
permanent expenses,
interest, .
.
.
.
Cash on hand Oct. 31, 1896,

$6,900
1,650
3,188
4,656

00
00
00
00

696
2,055
360
7
82
2,486

91
93
00
50
74
29

$22,083 37

No. 8.]

SAYINGS BANK COMMISSIONERS.

31

Total Amount of Loans at Specified Bates of Interest.
L oans

on

R eal E sta te .

Amount.

Rate.

$3,000 00
29,200 00

6.30 per cent.
6.60
“

L oans

Amount.

Rate.

$4,700 00

on

Sh a r e s .

Amount.

6.90 per cent.

$780 00
2,050 00

Rate.
6.30 per cent.
6.60
»

1886,
1886,
1887,
1887,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1895,
1896,

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

32
33
34
35
36
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53

183
172
161
150
140
120

27
16
24
65
27
54

111 11

101
93
84
75
67
59
51
44
37
30
23
18
12

96
00
23
71
56
58
87
38
12

08
24
82
36
6 09

Suspense profits,
Total,

Total
Value.

Jan.,
July,
Jan.,
July,
Jan.,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan ,
July,
Jan.,
July,
Jan.,
July,
Jan.,
M ay,
N ov.,
M ay,

Shares in
Force.

D ate op
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

26

$4,765
1,032
1,934
1,958
2,945
1,808
999
3,058
1,581
1,684
3,861
3,107
2,144
2,386
976
1,187
721
2,184
1,072
1,334
347

6
12

13
21

15
9
30
17
20

51
46
36
46
22

32
24
94
57
108
57

86

02
96
88

45
67

Dues capital, as per general ledger,
Profits capital, as per
general ledger, including suspense profits, .

$33,868 00

7,313 71

10

99
80
00
60
21
76
88

02
36
84
92
56
74
88

13

94

$41,181 71

Total,

$41,181 71

Number of shares issued during the y e a r , ................................................. 165
Number of shares now in f o r c e , .................................................................... 742
Number o f shares now borrowed u p o n , ........................................................... 244
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , .......................................
55
Number of shares matured during the y e a r , .................................................
33
Highest premium received during the y e a r , .................................................
Lowest premium received during the y e a r , .................................................
Number o f members withdrawn during the y e a r , .......................................
lì
Present number of members.....................................................................................
97
Present number of b o r r o w e r s ,..............................................................................
37
Present number of n o n -b o rro w e rs,.....................................................................
60
Number o f loans secured by first mortgage of real estate,
40
Number o f loans on shares........................................................................................
18
Largest loan to any one m e m b e r , .....................................................................
Smallest loan to any one member,
.
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : December 29.


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

$ 0 10

05

3,000 00
50 00
362 00

32

[Pub. Doc

REPORT OF THE

CAM PELLO C O -O P E R A T IV E B A N K — BR OCKTON.
Incorporated Oct. 3, 1877.

Commenced business Oct. 8, 1877.

P reston B . K e it h , P r e s id e n t .
W a r r e n T . C o pe la n d , S e c r e t a r y .
W a r r e n T . C o p e l a n d , T r e a su r e r .
Names of security committee:
John A . H o w a r d ,

N athan H . W
C h ar les H . C o le .

ashburn,

Regular meetings the second Monday of each month.

B alance Sheet Oct. 31, 1896.
L ia b il it ie s .

A ssets.

$344,350 00
Loans on real estate,
8,250 00
Loans on shares, .
225 00
Permanent expense account,
209 42
Temporary expense account,
6,699 28
Real estate by foreclosure, .
2,005 25
Unpaid interest,
308 51
Unpaid premiums,
223 26
Unpaid fines, .
.
.
.
1,400 00
Real estate mortgage, .
5,144 21
Cash in hands of treasurer, .

$319,743 00
Dues capital,
42,931 75
Profits capital (all series), .
1,609 05
Interest,
.
.
.
.
161 68
Premiums, .
.
.
.
47 59
F i n e s , .......................................
2 00
Transfer fees,
169 57
Withdrawal profits,
3 25
Forfeiture profits,
1,165 00
Guaranty fund, .
2,882 68
.
.
.
.
Surplus,
99 36
Forfeited share account,

$368,814 93

$368,814 93

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

R e c e ip t s .

$137,678 00
From dues capital,
17,766 22
interest,
1,906 33
premiums, .
639 20
fines,
.
.
.
.
12 25
transfer fees,
81,490 00
real estate loans repaid,
3,850 00
share loans repaid,
852 23
withdrawal profits,
21 07
forfeiture profits, .
563 38
forfeited shares, .
1,482
94
foreclosure, .
154 64
rents, .
.
.
.
1 ,0 0 0 00
mortgage,
2,315 79
Cash on hand Oct. 31, 1895, .

$161,890 00
For real estate loans, .
1 0 ,2 0 0 00
share loans, .
37,381 00
dues capital (withdrawn),
500 00
dues capital (forfeited),
dues capital (retired), .
16,371 00
2,376 00
dues capital (matured),
profits
capital (with3,423 85
drawn),
84 45
profits capital (forfeited),
3,196 84
profits capital (retired),
1,312 56
profits capital (matured),
1,506 36
temporary expenses,
238 88
interest on retired shares,
563 38
forfeited shares,
1,437 78
foreclosure, .
45 16
foreclosure expense,
purchase
(in(ducHnS
2,656
39
taxes),
4 19
insurance,
1,400 00
mortgage,
5,144 21
Cash on hand Oct. 31, 1896,

$249,732 05

$249,732 05


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

No. 8.]

33

SAVINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Bates of Interest.
L oans

Amount.
$286,500 00
57,850 00

on

R eal E state.

Rate.

Amount.

6.30 per cent.
7.50

-

L oans

Rate.

-

on

Sh ar e s.

Amount.

Rate.

$6,650 00
1,600 00

6.30 per cent.
7.50
“

Reconciliation of Share Account with Dues and Profits Capital.
fl

Oct., 1886,
April, 1887,
Oct., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,

<0

03

D ate of
I ssu e.

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

Tj

3 ,à
'SCO

CG

>

11
12

13
14
15
16
17
18
19
20
21
22

23
24
25
26
27
28
29
30
31

$179
167
154
143
132
121

CO

50
03
99
43
28
54

11

17
18
35
9
41
111 20
26
101 25
58
91 66
29
82 41
75
379
73 53
64 99
619
56 78
912
48 86
835
41 24
741
33 91
885
26 84 1,461
2 0 02 1,597
13 45 1,711
7 12 1,643
1 00 1,310

Dues paid in advance, .
Total,

$1,974
2,839
2,789
5,020
1,190
4,983
2,891
5,872
2,658
6,180
27,867
40,228
51,783
40,798
30,558
30,010
39,213
31,971
23,012
11,698
1,310

50
51
82
05
52
14
20
50
14
75
87
81
36
10
84
35
24
94
95
16
00

Dues capital, as per general ledger,
$319,743 00
Profits capital, as per
general ledger, .
42,931 75
3,143 00
Unpaid dues,

964 00
$365,817 75

Total,

$365,817 75

\

Number of shares issued during the y e a r , ........................................3,529
Number of shares now in f o r c e , ........................................................... 12,412
Number of shares now borrowed upon, .
.
.
.
.
2,126
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
2,038
Number of shares forfeited during the y e a r , ................................................. 22
Number of shares retired during the year........................................................... 288
Number of shares matured during the y e a r , ................................................. 18
Highest premium received during the year,
.
................................................. $0 05
Lowest premium received during the y e a r , ...........................................................
05
Number of members withdrawn during the year............................................. 208
Present number of m e m b e r s ,............................................................................... 1,284
Present number of b orro w e rs,.................................................................................. 259
Present number of n o n -b o rro w e rs,..................................................................... 1,025
Number of loans secured by first mortgage of real estate,
.
.
. 259
Number of loans on s h a r e s , .................................................................................... 40
Largest loan to any one member,
.
.....................................................................
5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
1,521 36
Date of examination by commissioner : March 13.


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

34

[Pub. Doc

REPORT OF THE

CA N T O N C O -O P E R A T IV E B A N K — CAN TO N .
Incorporated Jan. 10, 1891.

Commenced business Feb. 10, 1891.

John E v e r e tt , P r e s id e n t .
Joseph W . W
Joseph W . W at t l e s , Jr., T r e a s u r e r .

attles,

Jr., S e c r e t a r y .

Names of security committee:
C h ar l e s G a l l ig a n ,
W i l l ia m W . B rooks ,
Joseph W . W a tt le s .

Regular meetings the second Tuesday of each month.

Balance Sheet Oct.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

$83,450
2,040
98
254
16
34
428

00
00
00
00
85
95
22

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$73,535
10,207
1,208
78
42

00
27
70
80
30
25
84 74
324 79
840 17

$86,322 02

$86,322 02

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits.
forfeiture profits, .
Cash on hand Oct. 31, 1895, .


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

$24,752
4,833
325
149
1
16,800
1,630
341

00
85
85
42
25
00

00
52
45
125 56

$48,959 90

$27,650 00
For real estate loans, .
share loans, .
1,390 00
dues capital (withdrawn),
13,999 00
42 00
dues capital (forfeited),
3,070 00
dues capital (retired), .
profits capital
(withdrawn),
1,363 60
profits capital (forfeited),
1 78
478 90
profits capital (retired),
temporary expenses,
439 50
31 00
permanent expenses,
interest on retired shares,
65 90
428 22
Cash on hand Oct. 31, 1896,
$48,959 90

No. 8.]

SAVINGS BANK COMMISSIONERS.

35

Total Amount oj Loans at Specified Bates of Interest.
L oans

on

R kal E st a te .

Rate.

Amount.

$ 3 ,5 0 0 00
6 0 ,4 5 0 0 0
1 4 ,8 0 0 00

6 .0 0
6 30
6 .6 0

L oans

Rate.

Amount.

per cent.
“
«

.

$ 4 ,5 0 0 00
2 0 0 00

6 .9 0
7 .8 0

on

Sh a k e s .

Rate.

Amount.

per cent.
«

$ 1 ,9 4 0 00
100 00

6 .3 0
6 .9 0

per cent.
“

1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2

3
4
5
6

7
8

9
10
11
12

$82
73
65
57
50
42
35
28
21
15
9
3

Dues paid in advance, .
Total,

29
86

69
79
16
76
59
64
93
42
11
00

251
260
203
111

96
73
115
112

197
173
208
184

Total
Value.

F orce.

Shares in

Share.

Series.

D a te op
I ss u e .

Feb.,
A ug.,
Feb.,
Aug.,
Feb.,
A u g .,
Feb.,
A u g .,
Feb.,
A u g .,
Feb.,
A ug.,

V a lu e per

Beconciliaiion of Share Account with Dues and Profits Capital.

$20,654
19,203
13,335
6,414
4,815
3,121
4,092
3,207
4,320
2,667
1,894
552

79
60
07
69
36
48
85

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$73,535 00
10,207 27
575 00

68

21
66
88

00

37 0 0
$84,317 27

Total,

$84,317 27

Number of shares issued during the y e a r , ................................................. 487
Number of shares now in f o r c e , ...........................................................1,983
Number of shares now borrowed u p o n , ...........................................................488
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................551
Number of shares forfeited during the y e a r , ................................................. 8
Number of shares retired during the year,
.
.
.
.
.
.5 0
Highest per centum of interest received during the year : 6 3-10.
Lowest per centum of interest received during the year : 6 .
Number o f members withdrawn during the y e a r , ....................................... 59
Present number of m e m b e r s ,.................................................................................. 256
Present number of b o r r o w e r s ,.................................................................................... 69
Present number o f n o n -b o r r o w e r s,.........................................................................187
Number of loans secured by first mortgage of real estate,
.
.
.
82
Number of loans on s h a r e s , ...................................................................................... 7
Largest loan to any one member.......................................................................................$4,000 00
Smallest loan to any one m e m b e r ,...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
470 50
Date of examination by commissioner : February 6 .


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

36

REPORT OF THE

[Pub. Doc.

C IT IZ E N S ’ C O -O P E R A T IV E B A N K — H A V E R H IL L .
Incorporated Aug. 22,1887.

Commenced business Sept. 12, 1887.

G eorge H . Ca rretón , P r e s id e n t .
Jam es W . G o o d w in , S e c r e t a r y .
Jam es W . G o o d w in , T r e a s u r e r .

Names of security committee:
J oshua M . S tover ,

G eorge M . G o o d w in .

Regular meetings the second Monday o f each month.

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

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$97,754 87
Loans on shares, .
2,750 00
Unpaid interest,
169 15
Unpaid fines, .
.
k
16 30
Real estate, .
.
.
.
338 93
United States 4 per cent, bonds,
6,772 29
Cash in hands of treasurer, .
536 64

Dues capital,
Profits capital (all series), .
Withdrawal profits,
Guaranty fund, .
Surplus........................................
Forfeited share account,

$108,338 18

$91,569
14,701
12
430
1,213
411

00
27
89
00
92
10

$108,338 18

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate, .
United States bonds, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$45,355 25
5,869 84
6 75
135 11
36,446 73
10,965 00
158 42
61 91
396 20
1,415 00
4,655 00
3,137 42

$108,602 63

For real estate loans, .
share loans, .
.
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired), .
profits capital
(with­
drawn),
profits capital (forfeited),
profits capital (retired),
temporary expenses,
forfeited "shares,
real estate,
United States bonds,
Cash on hand Oct. 31, 1896,

$49,657
11,160
29,311
370

53
00

25
00

2 ,0 1 2 00

1,577
55
371
1,170
1,002
25
11,352
536

84
60
28
96
07
00
46
64

$108,602 63

No. 8.]

37

SAVINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Rates of Interest.
L oans

on

L oans

R eal E state.

on

Sh a r e s .

Amount.

Kate.

Amount.

Rate.

Amount.

Rate.

$97,754 87

6.00 per cent.

-

-

$2,750 00

6.00 per cent.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

$140
129
120
111
103
94
86
78
70
62
54
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

35
60
59
76
11
64
35
24
31
56
99
60
39
36
51
85
38
10
00

Total
Value.

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

Shares in
Force.

Series.

Date of
I ssue.

Sept., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April. 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

103
60
84
36
13
72
61
93
92
115
106
84
110
131
93
329
324
566
187

$14,456
7,776
10,129
4,023
1.340
6,814
5,267
7,276
6,468
7,194
5,828
3,998
4,442
4,370
2,465
6,530
4,335
4,018
187

05
00
56
36
43
08
35
32
52
40
94
40
90
16
43
65
12
60
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$91,569 00
14,701 27
960 00

307 00
$107,230 27

Total,

$107,230 27

Number o f shares issued during the y e a r , ................................................. 995
Number of shares now in f o r c e , ........................................................... 2,659
Number of shares now borrowed u p o n , ........................................................... 729
Largest number o f shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ........................................673
Number of shares forfeited during the y e a r , ..................................................20
Number of shares retired during the year,
.
.
.
.
.
.1 5
Highest per centum of interest received during the y ea r: 6.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the y e a r , ........................................104
Present number of members....................................................................................... 282
Present number of b o rr o w e rs,................................................................................... 80
Present number o f n o n -b o rro w e rs,....................................................................... 202
Number o f loans secured by first mortgage of real estate,
.
.
.
66
Number of loans on s h a r e s , .................................................................................... 14
Largest loan to any one m e m b e r , .............................................................................. $5,000 00
Smallest loan to any one member, .
.
.
.................................................
20 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1896, .
1,170 96
Date of examination by commissioner : June 5.


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

38

REPORT OF THE

[Pub. Doc

C IT Y C O -O P E R A T IV E B A N K — H O L Y O K E .

Incorporated July 16, 1889.

Commenced business July 23, 1889.

A . F . R ic h a r d , P r e s id e n t .
P ie r r e B onvouloir , S e c r e t a r y .
P ie r r e B onvouloir , T r e a s u r e r .

Names of security committee :
D a n ie l P r o u l x ,
A . F . G in g r a s ,
John S t . Jo h n .

Regular meetings the fourth Tuesday o f each month.

Balance

Sh e e t O ct.

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid fines.................................
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$50,400
17,225
109
208
14
104

00
00
25
50
75
01

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
F i n e s , .......................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$68,061 51

$57,427
8,536
1,323
23

00
24
38
92
25
77 65
375 00
298 07

$68,061 51

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$17,388 00
3,698 25
56 23
25
21,750 00
10,300 00
288 27
1,253 96

For real estate loans, .
$29,150 00
share loans, .
13,425 00
dues capital (withdrawn),
10,553 00
profits capital
(with­
drawn),
1,151 43
temporary expenses,
351 52
Cash on hand Oct. 31, 1896,
104 01

$54,734 96

$54,734 96

No. 8.]

SAYINGS BANK COMMISSIONERS.

39

Total Amount of Loans at Specified Bates of Interest.
L oans

on

R e al E sta te .

L oans

on

Sh a k e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$50,400 00

6.00 per cent.

-

-

$17,225 00

6.00 per cent.

July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
April,
July,

1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895,.
1895, .
1896, .
1896, .
1896, .

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

$107
98
90
81
73
65
58
50
43
36
29
22
16
10
7
4

89
95
29
86
69
76
06
59
32
27
43
79
34
08
04
00

156
66
10
149
58
70
56
129
31
31
42
90
126
231
55
179

Dues paid in advance, .
Total,

Total
Value.

Shares in
Force.

Series.

D a te of
I ss u e .

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

$16,830
6,530
902
12,197
4,274
4,603
3,251
6,526
1,342
1,124
1,236
2,051
2,058
2,328
387
716

84
70
90
14
02
20
36
11
92
37
06
10
84
48
20
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$57,427 00
8,536 24
423 00

25 00
•

$66,386 24

Total,

$66,386 24

Number of shares issued during the y e a r , ................................................. 626
Number of shares now in f o r c e , ........................................................... 1,479
Number of shares now borrowed upon......................................................
. 623
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 470
Highest per centum of interest received during the year: 6.
Lowest per centum of interest received during the y ea r: 6.
Number o f members withdrawn during the y e a r , ....................................... 67
Present number of m e m b e r s ,.................................................................................. 211
Present number of b o r r o w e r s ,.................................................................................... 97
Present number of n o n -b o r r o w e r s ,........................................................................ 114
Number of loans secured by first mortgage of real estate,
.
.
.
49
Number of loans on s h a r e s , ...................................................................................130
Largest loan to any one m e m b e r , .............................................................................. $5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
351 52
Date of examination by commissioner : M ay 15.


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

[Pub. Doc.

REPORT OF THE

40

C L IN T O N C O -O P E R A T IV E B A N K — C L IN T O N .
Incorporated Sept. 23, 1887.

Commenced business Oct. 20, 1887.

D a n ie l B. I n g a l l s , P r e s id e n t .
W a l t er R . D a m e , S e c r e t a r y .
T hom as S. D a v is , T r e a s u r e r .

Names of security committee:
G eorge P. F r e n c h ,
H . I. C h e n e y ,
H e n r y C. G r e e l e y .

Regular meetings the third Thursday of each month.

B alance Sheet Oct. 31, 1896.

L ia b il it ie s .

A sse ts.

$174,800 00
Loans on real estate,
6,070 00
Loans on shares, .
150 00
Permanent expense account,
78 35
Temporary expense account,
Real estate by foreclosure, .
3,477 08
Unpaid interest,
927 78
Cash in hands of treasurer, .
5,525 79

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
F i n e s , .......................................
Withdrawal profits,
Guaranty fund, .
S u r p l u s , ..............................
Forfeited share account,
Security committee,

$158,761
30,189
993
45
50
558
415
5
9

00
98
24
20
31
61
92
74
00

$191,029 00

$191,029 00

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 , 1896.

D is b u r s e m e n t s .

R e c e ip t s.

From dues capital,
interest,
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
security committee,
real estate, .
Cash on hand Oct. 31, 1895, .


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

$43,372
10,703
413
3
31,875
5,345
279
20
7
190
10,416

00
63
95
25
00
00
37
79
50
00
03

$102,626 52

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired), .
profits capital (with­
drawn),
profits capital (forfeited),
profits capital (retired),
temporary expenses,
interest account, .
real estate,
Cash on hand Oct. 31, 1896,

$57,525
7,175
18,228
220
5,381

00
00
00
00
00

2,704
30
1,416
716
35
3,667
5,525

96
94
41
98
36
08
79

$102,626 52

No. 8.]

41

SAYINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$140,475
9,175
10,650
1.750
2.750
3,700

on

Rate.

00
00
00
00
00
00

R ea l E sta te .

L oans

Amount.

6 per cent.
6J
6i
»
6§
«
6j
“
6|
“

$2,500
2,400
100
600
700

Rate.

00
00
00
00
00

on

Amount.

6 f per cent.
7
7i
“
8
«
81
“

$5,395 00
250 00
425 00

Sh ar e s.

Rate.
6 per cent.
6J
61

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

$144
134
124
114
105
96
87
79
71
63
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

62
33
41
80
50
50
77
30
06
06
32
79
46
39
52
85
38
10
00

Total
Value.

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

Shares in
Force.

Oct., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,

Series.

Date op
I ssue.

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

124
101
123
147
118
145
160
98
213
145
165
219
119
208
305
261
473
363
233

$17,932
13,567
15,302
16,875
12,449
13,992
14,043
7,771
15,135
9,143
9,127
10,466
4,814
6,945
8,088
5,180
6,328
2,577
233

88
33
43
60
00
50
20
40
78
70
80
01
74
12
60
85
74
30
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$158,761 00
30,189 98
1,261 00

236 00
$190,211 98

Total,

.

i .

$190,211 98

Number of shares issued during the year.................................................... 816
Number of shares now in f o r c e , ...........................................................3,720
Number of shares now borrowed u p o n , ................................................. 1,066
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................587
N umber of shares forfeited during the y e a r , ................................................. 23
Number o f shares retired during the y e a r , ........................................
61
Highest per centum of interest received during the year: 6J.
Lowest per centum of interest received during the year : 6.
Number of members withdrawn during the y e a r , ....................................... 68
Present number of members......................................................................................... 528
Present number of b o r r o w e r s ,...................................................................................142
Present number o f non-borrowèrs...............................................................................386
Number of loans secured by first mortgage on real estate,
.
.
. 140
Number of loans on s h a r e s , .................................................................................... 31
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one m e m b e r , ...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
716 98
Date o f examination by commissioner : February 18.


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

42

[Pub. Doc.

REPORT OF THE

CO LU M B IA N C O -O P E R A T IV E B A N K — C A M B R ID G E .
Incorporated May 6, 1892.

Commenced business June 6, 1892.

A l f r ed L . B ar bo u r , P r e s id e n t .
W il l ia m E . B u r r a g e , S e c r e t a r y .
W il l ia m E . B u r r a g e , T r e a s u r e r .
Names of the security committee:
C h ar l e s H . M on tag u e ,
C h ar les E . H a n co ck ,
D ana W . H y d e ,
Levi H a w k e s,
I saac S. P e a r .
Regular meetings the first Monday of each month.
B a l a n c e Sh e e t O c t .

A sse ts.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid f i nes, .
.
.
.
City of Cambridge, M ass., 4
per cent, bonds, .
Profit and loss,
Mortgage,
.
.
.
.
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$60,205
1,250
261
140
1,081
229
8
16

02
00
41
75
67
50
35
44

3,217
236
1,600
1,238

83
02
00
88

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$69,485 87

$62,407
5,272
1,398
60
50
1
114
67
30
82

00
98
73
20
12
00
97
90
20
77

$69,485 87

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeited shares, .
real estate by foreclosure,
permanent expense,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$22,909
3,246
147
108
1
4,467
1,735
181
120

00
27
63
82
25
43
00
28
29

4,019 87
47 00
5,326 22
$42,310 06

$27,420 41
For real estate loans, .
share loans, .
975 00
8,192 00
dues capital (withdrawn),
dues capital (forfeited),
108 00
profits capital
(withdrawn),
706 54
profits capital (forfeited),
19 74
temporary expenses,
267 48
permanent expenses,
47 00
130 29
forfeited shares,
1,368 70
real estate by foreclosure,
profit and loss,
236 02
1,600 00
mortgage,
Cash on hand Oct. 31, 1896,
1,238 88
$42,310 06

No. 8.]

43

SAYINGS BANK COMMISSIONERS

Total Amount of Loans at Specified Rates of Interest.
L oans

on

L oans

R eal E state.

Rate.

$7,200 00
53,805 02

6.00 per cent.
6.30
“

$300 00
500 00

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

Amount.

on

6.60 per cent.
6.90
“

6.00 per cent.
6.30
»

$600 00
650 00

.
.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8
9

$58
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

•

85
56
36
33
49
84
38
10
00

Total
Value.

1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

Shares in
Force.

Series.

D a te of
I ssu e.

June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

530
177
244
40
136
176
208
228
209

$31,190
9,126
10,823
1,493
4,146
4,195
3,615
2,530
1,045

50
12
84
20
64
84
04
80
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

5,272 98
652 00

165 00
$68,331 98

$68,331 98

Total,

Number of shares issued during the y e a r , .......................................
Number o f shares now in f o r c e , ...........................................................
Number of shares now borrowed u p o n , .................................................
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
.
.
.
.
Number of shares forfeited during the y e a r , ........................................
Highest per centum of interest received during the year : 6 3-10.
Lowest per centum of interest received during the year : 6.
Number of members withdrawn during the year, .
.
.
.
Present number o f m e m b e r s ,.....................................................................
Present number of borrowers.........................................................................
Present number of non-borrowers................................................................
Number of loans secured by first mortgage of real estate,

.

486
1,948
. 351
.
25
. 323
6

.

Date of examination by commissioner : June 18.

48

. 257
.
36
. 221
.
28
8

Number of loans on s h a r e s , ....................................................................
.................................................
Largest loan to any one member,
. ’
Smallest loan to any one m e m b e r ,...........................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,


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

$62,407 00

.

$5,000 00
50 00
297 48

[Pub. Doc,

REPORT OF THE

44

D A N V E R S C O -O P E R A T IV E B A N K — D A N V E R S .
Incorporated Aug. 24, 1892.

Commenced business Aug. 29, 1892.

Sa m u e l L . Sa w y e r , P r e s i d e n t .
A . G. A l l e n , T r e a su r e r .

A . G. A l l e n , S e c r e t a r y .

Names of security committee:
H enry N e w h all,
J. W . W
J. F . P o rter .

oodman,

Regular meetings the last Monday o f each month.

B alance Sh eet Oct.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid f i nes, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

$42,900
1,775
130
55
148
7
37
4,352

00
00
00
25
25
43
16
71

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$43,940
4,290
630
41
23

00
92
77
80
16
25
37 52
75 00
366 38

$49,405 80

$49,405 80

Detailed Statement of Receipts a,nd Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

00
75
78
03
50
00
00
20
60

$14,050 00
For real estate loans, .
1,485 00
share loans, .
6,929 00
dues capital (withdrawn),
profits capital
(with­
665 07
drawn) ,
.
.
.
250 08
temporary expenses,
4,352 71
Cash on hand Oct. 31, 1896,

$27,731 86

$27,731 86

$15,741
2,496
174
99
5,500
985
166
2,568

No. 8.]

45

SAYINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
L oans

on

Amount.

Rate.

$39,050 00
2,550 00

6.30 per cent.
6.60
“

R eal E sta te .

L oans

Amount.
$1,000 00
300 00

on

Sh a r e s .

Rate.

Amount.

Rate.

6.90 per cent.
7.20
“

$1,625 00
150 00

6.30 per cent.
6.60
“

1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

.
.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8

9

$57
49
42
35
28
21
15
9
3

24
74
46
39
52
85
38
10
00

Total
Value.

A ug.,
Feb.,
A u g .,
Feb.,
A u g .,
Feb.,
A ug.,
Feb.,
A u g .,

Shares in
Force.

D ate of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

431
166
77
94
85
166
102
145
210

$24,670
8,256
3,269
3,326
2,424
3,627
1,568
1,319
630

Dues paid in advance, .
Total,

44
84
42
66
20
10
76
50
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

4,290 92
877 00

15 00
$49,107 92

Total,

Number of shares issued during the year,
Number of shares now in force,
Number of shares now borrowed upon, .
Largest number of shares held by any one member
Number o f shares withdrawn during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year,
Present number of members,
.
.
.
.
Present number of borrowers, .
.
.
.
Present number of non-borrowers, .
Number of loans secured by first mortgage of real estate
Number of loans on shares,
.
.
.
.
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year <
Date of examination by commissioner : January 27.


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

$43,940 00

$49,107 92

.

393
1,476
. 327
.
25
. 218
$0 15
05
.
.

28
209

.
.

57
152

.
.

33
24

6,

.

5,000 00
50 00
270 08

46

REPORT OF THE

[Pub. Doc.

D E A N C O -O P E R A T IV E B A N K — F R A N K L IN .
Incorporated June 15, 1889.
Joseph G. R a y , P r e s id e n t .

Commenced business July 2, 1889.

O restes T . D oe , S e c r e t a r y .
O restes T . D oe , T r e a s u r e r .

Names of security committee :
W

il l ia m

E . N ason ,
O. B. Ca r t e r ,
E . P. C h a p m a n .

Regular meetings the first Tuesday of each month.

B alance Sh eet Oct.

A ssets,

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure,
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$31,550
2,185
140
36
2,192
153

00
00
00
32
01
57

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Withdrawal profits,
Guaranty fund, .
Surplus........................................
Rents............................................

$36,256 90

$30,229
. 4,824
570
46
22
21
282
183
77

00
10
27
44
91
07
36
75
00

$36,256 90

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

-

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
rental balance,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$8,182
1,694
149
61
2,200
1,615
69
159
142

00
11
21
55
00
00
43
25
86

$14,273 41

For real estate loans, .
share loans, .
dues capital (withdrawn),
profits
capital (withdrawn),
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1896,

$6,400 00
1,995 00
4,911 00
537
111
165
153

48
36
00
57

$14,273 41

No. 8.]

SAVINGS BANK COMMISSIONERS

47

Total Amount of Loans at Specified Rates of Interest.
L oans

on

R eal Estate.

L oans

on

Sh a r e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$2,700 00
24,850 00

6.00 per cent.
6.50
“

$4,000 00

7.00 per cent.

$2,185 00

6.50 per cent.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1

3
4
5
6

7
8
9
10
11
12
13
14
15
16

$106
98
90
82
73
65
58
50
43
36
29
22
16
10
4

Dues paid in advance, .
Total,

89
48
19
03
89
97
24
67
44
39
52
85
38
10
00

Total
Value.

July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,

Shares in
Force.

D a te of
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

177
9

$18,919
886
90
410
2,364
2,638
1,397
1,824
1,476
764
1,239
1,188
933
797
340

1

5
32
40
24
36
34
21
42
52
57
79
85

53
32
19
15
48
80
76
12
96
19
84
20
66
90
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

4,824 10
276 00

57 00
$35,329 10

Total,

Number o f shares issued during the y e a r , .......................................
Number of shares now in f o r c e , ...........................................................
Number of shares now borrowed u p o n , .................................................
Largest number o f shares held by any one member,
Number of shares withdrawn during the year,
.
.
.
.
Highest per centum of interest received during the year : 6£.
Lowest per centum of interest received during the year : 6.
Number of members withdrawn during the year, .
.
.
.
Present number of m e m b e r s ,.....................................................................
Present number of b orrow e rs,.....................................................................
Present number of n o n -b o rro w e rs,...........................................................
Number of loans secured by first mortgage of real estate,
Number o f loans on s h a r e s , .....................................................................
Largest loan to any one member...................................................................
Smallest loan to any one m e m b e r ,...........................................................

$35,329 10

. 179
. 694
. 223
.
25
. 163

.

20

.
.
.
.
.

97
25
72
24
20

Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : March 20.


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

$30,229 00

.

$4,650 00
25 00
161 36

48

[Pub. Doc

REPORT OF THE

D E D H A M C O -O P E R A T IV E B A N K — D E D H A M .

Incorporated Feb. 11, 1886.
F . F. F a v o r , P r e s id e n t .

Commenced business Feb. 16, 1886.

C. H . J. K im b a l l , S e c r e t a r y .
T . P. M u r r a y , T r e a s u r e r .

Names of security committee:
W

il l ia m

G. W

are,

John W

O tis W . W

ardle,

Jr.,

it h in g t o n .

Regular meetings the third Tuesday of each month.

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

Lia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid premiums,
Unpaid fines.................................
Cash in hands of treasurer, .

31, 1896.

$45,915
1,535
170
9
17
175

00
00
88
45
60
44

Dues capital,
Profits capital (all series), .
Guaranty fund, .
.
.
.
.
Surplus,

$47,823 37

$40,662
6,180
191
789

00
46
31
60

$47,823 37

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

$14,280
2,474
136
78
500
83
2,288

00
67
32
77
00
66
76

$19,842 18

‘

$11,200 00
For real estate loans, .
1,285 00
share loans, .
3,856 00
dues capital (withdrawn),
2,185 00
dues capital (retired), .
profits
capital (with336 65
drawn),
profits capital (retired),
617 78
186 31
temporary expenses.
175 44
Cash on hand Oct. 31, 1896,
$19,842 18

No. 8.]

SAYINGS BANK COMMISSIONERS.

49

Total Amount of Loans at Specified Rates of Interest.
L oans

on

Amount.

Rate.

$45,915 00

6.30 per cent.

Heal E st a t e .

L oans

Amount.

Rate.

on

Amount.
$300
785
125
100
60
50
40
25
50

y

Sh ares.

Rate.

00 6.30 per cent.
00 6.40
“
00 6.50
“
“
00 6.60
00 7.00
»
00 7.20
“
«
00 7.50
00 8.60
“
00 10.00
»

1886,
1886,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
3
4
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$180
163
153
132
122
113
104
95
86
78
69
61
54
46
39
32
25
18
12
6

Total,

12
92
22
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10

2
1
3
4
7
38
12
56
42
44
62
57,
33
68
46
97
95
148
209
191

Total
Value.

Shares in
Force.

Series.

D ate of
I ssu e.

Feb.,
N ov.,
M ay,
M ay,
N ov.,
May,
N ov.,
M ay,
Nov.,
M ay,
N ov.,
M ay,
Nov.,
M av,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

$360
163
459
531
860
4,311
1,250
5,335
3,635
3,437
4,335
3,532
1,789
3,178
1,815
3,141
2,424
2,789
2,587
1,165

24
92
66
00
72
48
76
12
94
72
66
29
92
32
16
83
40
80
42
10

$47,106 46

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

Total,

$40,662 00
6,180 46
264 00

$47,106 46

Number of shares issued during the y e a r , ................................................. 426
Number o f shares now in f o r c e , ........................................................... 1,215
Number of shares now borrowed u p o n , ........................................................... 291
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 158
Number o f shares retired during the year,
.
.
.
.
.
.
23
Highest per centum of interest received during the y ea r: 10.
Lowest per centum of interest received during the y ea r: 6 3-10.
Number o f members withdrawn during the y e a r , ........................................26
Present number o f m e m b e r s ,.............................................................................. 198
Present number of borrowers.........................................................................................50
Present number of n o n -b o rro w e rs,.........................................................................148
Number of loans secured by first mortgage o f real estate,
.
.
.
46
Number o f loans on s h a r e s , .....................................................................................12
Largest loan to any one m e m b e r , ............................................................................... $3,000 00
Smallest loan to any one m e m b e r ,...............................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
186 31
Date of examination by commissioner : November 3.


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

[Pub. Doc,

REPORT OF THE

50

D O RCH ESTER C O -O P E R A T IV E B A N K — DO RCH ESTER.
Incorporated Aug. 21, 1890.

Commenced business Sept. 10, 1890.

A m or L . H o ll in g sw o r th , P r e s id e n t .
W il l ia m H . K e n n e d y , S e c r e t a r y .
F r e d e r ic k W . P orter , T r e a s u r e r .
Names of security committee :
Sa m u e l G a n n e t t ,
J. H om er P ie r c e ,
L a b an P r att ,
D u d l e y T albo t ,
R . D . M o ssm an .
Regular meetings the second Wednesday of each month.
B alan ce Sh eet O ct.

31, 1896.

A sse ts.

L ia b il it ie s .

8101,025 00
Loans on real estate,
3,665 00
Loans on shares, .
140 15
Permanent expense account,.
67 36
Temporary expense account,
3,318 82
Real estate by foreclosure, .
10,107 37
Cash in hands of treasurer, .

Dues capital,
$101,625 00
14,153 27
Profits capital (all series), .
1,203 10
Interest,
.
.
.
.
64 35
Premiums, .
.
.
.
29 21
F i n e s , .......................................
1 25
Transfer fees,
Withdrawal profits,
137 60
424 83
Guaranty fund, .
645 70
Surplus,
.
.
.
.
39 39
Forfeited share account,

$118,323 70

$118,323 70

i

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

D is b u r s e m e n t s .

R e c e ip t s .

$33,947 00
From dues capital,
6,730 02
interest,
351 22
premiums, .
168 61
fines,
.
.
.
.
2 00
transfer fees,
15,100 00
real estate loans repaid,
3,395
00
share loans repaid,
499 19
withdrawal profits,
53
forfeiture profits, .
86 84
forfeited shares, .
33 33
return premium onbond,
2,969 14
Cash on hand Oct. 31, 1895, .

$21,050 00
For real estate loans, .
3,750 00
share loans, .
dues capital (withdrawn),
15,626 00
89 00
dues capital (forfeited),
5,410 00
dues capital (retired), .
profits capital
(with1,996 61
drawn),
2 10
profits capital (forfeited),
956 00
profits capital (retired),
826
00
temporary expenses,
61 84
forfeited shares,
27 00
interest refunded, .
62 14
interest on retired shares,
3,318
82
real estate by foreclosure,
Cash on hand Oct. 31, 1896,
10,107 37

$63,282 88

$63,282 88


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

No. 8.]

51

SAVINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
L oans

L oans

R eal E state.

Rate.

Amount.

Rate.

6.30 per cent.

-

-

Amount.
$101,025 00

on

on

Sh a k e s .

Amount.

Rate.

$3,090 00
525 00
50 00

6.30 per cent.
6.60
“
7.50
“

1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13

$88
80
71
63
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

39
10
92
95
20
73
46
39
52
85
38
10
00

Total
Value.

Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept ,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

Shares in
Force.

D a te of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

536
158
68
165
105
80
163
122
108
398
265
540
400

$47,377
12,655
4,890
10,551
5,901
3,898
6,757
4,195
2,972
8,298
3,810
4,374
800

04
80
56
75
00
40
98
58
16
30
70
00
00

Dues capital, as per general ledger,
$101,625 00
Profits capital, as per
general ledger, .
14,153 27
920 00
Unpaid dues,

215 00
$116,698 27

Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon, .
Largest number o f shares held by any one member,
Number of shares withdrawn during the year,
Number o f shares forfeited during the year,
.
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .

Total,

$116,698 27

1,041
3,108
. 641
.
25
.
.
.

.
.
Present number of m e m b e r s ,.......................................
.
Present number of b o r r o w e r s ,.......................................
.
Present number of non-borrowers...................................
.
Number of loans secured by first mortgage of real estate,
.
Number of loans on s h a r e s , .......................................
Largest loan to any one member,
.
.
.
.
Smallest loan to any one member,
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : April 1.


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

417
21
80
$0 25
05
47
396
67
329
52
15

.

4,600 00
25 00
806 67

52

REPORT OF THE

fPub. Doc.

EC O N O M Y C O -O P E R A T IV E B A N K — M E R R IM A C .
Incorporated July 26,1889.
G eorge A d a m s , P r e s id e n t .

Commenced business A ug. 12,1889.

B a il e y Sa r g e n t , S e c r e t a r y .
B a il e y Sa r g e n t , T r e a s u r e r .

Names of security committee:
F r an k E . Pea se ,
G eorge W . D a y is ,
G eorge G. L a r k in .

Regular meetings the second Monday of each month.

B a la n c e Sh ee t O ct.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure,
.
Suspense account, .
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$25,600
575
108
44
2,568

00
00
00
50
79
86
3,566 46

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums...................................
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$32,463 61

$27,770
3,985
248
15
15
121
306

00
79
92
70
91
00
29

$32,463 61

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, •
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
rents, .
.
.
.
real estate sold, .
Cash on hand Oct. 31,1895, .


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

D is b u r s e m e n t s .

$8,782
2,066
112
81
7,500
755
30
14
34
325
7,884

00
05
55
72
50
00
00
24
82
00
00
04

$27,585 92

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired), .
profits capital
(with­
drawn) ,
profits capital (forfeited),
profits capital (retired),
temporary expenses,
real estate by foreclosure,
Cash on hand Oct. 31, 1896,

$3,300
400
4,230
795
9,330

00
00
00
00
00

709
14
2,161
151
2,927
3,566

28
82
07
50
79
46

$27,585 92

No. 8.]

53

SAYINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
L oans

on

L oans

K eal E state.

on

Sh a k e s .

Rate.

Amount.

Amount.

Rate.

Amount.

Rate.

$23,100 00

6.30 per cent.

$2,500 00

6.90 per cent.

$575 00

6.30 per cent.

A ug.,
Feb.,
A u g .,
F eb.,
A ug.,
Feb.,
A ug ,
Feb.,
A u g .,
Feb.,
A ug.,
Feb.,
A u g .,
Feb.,
A u g .,

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

$106
97
89
80
72
64
57
49
42
35
28
21
15
9
3

Dues paid in advance, .
Total,

12
28
66
86
38
31
53
11
41
18
51
83
37
47
49

82
91
25
84
67
75
05
58
33
29
46
81
36
09
00

.

Total
Value.

Shares in
Force.

D a te of
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$1,281
2,741
5,890
6,952
2,761
2,007
3,023
545
1,735
635
1,451
1,810
568
427
147

84
48
50
24
46
25
65
38
53
22
46
23
32
23
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$27,770 00
3,985 79
234 00

11 00
$31,989 79

Total,

$31,989 79

Number of shares issued during the y e a r , ................................................. 106
Number of shares now in f o r c e , ..................................................................... 651
Number of shares now borrowed upon................................................................ 198
25
Largest number of shares held by any one member,
.
.
.
.
Number of shares withdrawn during the y e a r , ........................................ 117
16
Number of shares forfeited during the y e a r , .................................................
Number of shares retired during the y e a r , ................................................. 113
Highest premium received during the y e a r , ..................................................
Lowest premium received during the y e a r , .................................................
29
Number of members withdrawn during the y e a r , ........................................
Present number of m e m b e r s ,............................................................................... 115
Present number of borrowers...................................................................................
Present number of n o n -b o rro w e rs,.....................................................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , ...............................................................................
Largest loan to any one member.............................................................................
Smallest loan to any one m e m b e r , .....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date o f examination by commissioner: June 18.


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

$0 05
05

37
78
32
5
•

2,600 00
60 00
176 50

54

[Pub. Doc

REPORT OF THE

E N T E R P R IS E C O -O P E R A T IV E B A N K — E A ST BOSTON.
Incorporated March 31, 1888.
C h ar les T . W

Commenced business April 3, 1888.

it t , P r e s id e n t .

H orace B . B u t l e r , S e c r e t a r y .
H orace B. B u tl er , T r e a s u r e r .

Names o f security committee:
Jam es T o w n se n d ,
C h ar le s T . W it t ,

W il l ia m G . E m e r y ,
H erman D r a k e .

Regular meetings the third Wednesday of each month.

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

81, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$271,065 00
Loans on shares, .
25,325 00
Permanent expense account,
131 65
Real estate by foreclosure, .
5,788 67
Unpaid premiums,
6 85
Unpaid fines, .
.
.
.
130 80
Cash in hands o f treasurer, .
6,576 05

Dues capital,
$260,564 00
Profits capital (all series), .
42,935 30
Interest,
.
.
.
.
167 85
Transfer fees,
50
Withdrawal profits,
15 22
Guaranty fund,
3,000 00
Surplus,
.
.
.
.
2,272 77
Forfeited share account,
68 38

$309,024 02

$309,024 02

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$76,473
16,533
1,498
674
6
46,050
10,350
353

00
02
98
55
25
00
00
27
40
194 40
11,934 50

For real estate loans, .
$79,095 00
share loans, .
15,675 00
dues capital (withdrawn),
33,807 00
dues capital (forfeited),
176 00
dues capital (retired), .
15,711 00
profits capital
(withdrawn),
4,385 67
profits capital (forfeited),
25 04
profits capital (retired),
3,384 00
temporary expenses,
1,586 95
forfeited shares,
194 40
real estate,
3,129 26
interest, .
.
.
.
223 00
Cash on hand Oct. 31, 1896,
6,576 05

$163,968 37

$163,968 37
\

No. 8.]

55

SAYINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Bates of Interest.
L oans

Amount.
$1,000
153,240
64,850
27,250
8,400

on

Rate.

00
00
00
00
00

R eal E st a te .

L oans

Amount.

6.00 per cent.
6.30
«
6.60
“
6.90
«
7.20
“

$9,800
2,100
1,425
1,000
2,000

Rate.

00
00
00
00
00

on

S h ak es.

Amount.

7.50 per cent.
7.80
“
8.10
“
8.40
“
9.00
“

$18,575
5,600
850
300

00
00
00
00

Rate.
6.30 per cent.
6.60
«
6.90
«
7.20
“

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

$135
125
115
106
97
88
79
71
63
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

23
29
60
22
11
25
67
34
23
39
82
50
41
54
87
39
10
00

Total
Value.

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

Shares in
Force.

Series.

D a te of
Issu e.

April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct.. 1895,
April, 1896,
Oct., 1896,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

148
142
150
146
297
160
336
179
463
398
407
517
692
622
474
562
512
308

$20,014
17,791
17,340
15,508
28,841
14,120
26,769
12,769
29,275
22,045
19,462
20,938
23,119
16,507
9,418
7,525
3,635
308

04
18
00
12
67
00
12
86
49
22
74
50
72
88
38
18
20
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$260,564 00
42,935 30
2,132 00

__

241 00
$305,631 30

Total,

$305,631 30

Number of shares issued during the year,
1,105
Number of shares now in force,
6,513
Number of shares now borrowed upon,
1,556
Largest number of shares held by any one member,
25
Number of shares withdrawn during the year,
933
Number of shares forfeited during the year,
16
Number o f shares retired during the year,
200
Highest premium received during the year,
Lowest premium received during the year,
Number o f members withdrawn during the year,
98
Present number of members,
.
.
.
.
687
Present number of borrowers, .
.
.
.
227
Present number of non-borrowers, .
460
Number of loans secured by first mortgage of real estate
136
Number of loans on shares,
.
.
.
.
91
Largest loan to any one member,
.
Smallest loan to any one member, .
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
S,
.
Date of examination by commissioner : March 26.


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

$0 50
05

5,000 00
25 00
1,586 95

[Pub. Doc.

REPORT OF THE

56

E Q U IT A B L E C O -O P E R A T IV E B A N K — L Y N N .
Incorporated Sept.

, 1877.

Commenced business Oct.

, 1877.

Ja m e s H . R ic h a r d s , P r e s i d e n t .
E d w in C. L e w i s , S e c r e t a r y .
E d w in C. L e w is , T r e a s u r e r .

Names of security committee:
T h o m as E . W

ard,

E d w in N . H a in e s ,
Jam e s H . R ic h a r d s .

Regular meetings the first Monday of each month.

B alan ce Sh eet O ct.

31, 1896.

L ia b il it ie s .

A ssets.

$338,797 28
Loans on real estate,
21,429 00
Loans on shares, .
169 60
Permanent expense account,
97 55
Temporary expense account,
6,827
54
Real estate by foreclosure, .
2,282 80
Unpaid interest,
15,000 00
Loan to city o f Lynn, .
6,663 77
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
F i n e s , ........................................
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Suspense account,

$329,740
52,203
1,902
87
1,621
5,645
56
11

00
10
09
51
00
86
49
49

$391,267 54

$391,267 54

Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
loan to city of Lynn, .
profits account, .
surplus,
temporary expenses, .
suspense account,
Cash on hand Oct. 31, 1895, .


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

17
68
42
05
00
00
11
71
67
00
02

$123,591 22
For real estate loans, .
20,206 00
share loans, .
67,842 00
dues capital (withdrawn),
profits capital
(with­
8,372 11
drawn),
1,704 58
temporary expenses,
40,000 00
loan to city of Lynn,
389 49
surplus, .
.
.
.
7 21
interest repaid,
3,149 45
real estate by foreclosure,
30 00
suspense,
6,663 77
Cash on hand Oct. 31, 1896,

$271,955 83

$271,955 83

$90,781
20,878
869
82,303
19,143
25,000
218
11
193
13
32,544

No. 8.]

57

SAYINGS BANK CO M M ISSIO N E D

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$53,875
2,200
16,650
62,526
600
35,700
14,440
2,000
2,725
46,818
19,500
11,925
10,650
950
36,387
2,000

on

5.00 per cent.
5 1-16
“
ii

5i

<<

5.25
5|
5.50
5.75
5?
6.00
6.06
6.12
6.18
6.24
6.25
6.30
6.36

Rate.

Amount.

6.42 per cent.
ii
6.48
it
6.50
ii
6.54
ii
6.60
ii
6.66
it
6.78
it
6.84
ii
7.14
ii
7.26
it
7.56
ii
7.68

$659
750
4,588
1,717
3,535
5,455
1,300
555
200
225
100
1,450
155
105
550
85

Amount.

Rate.

00
00
00
42
00
00
00
00
00
71
00
00
00
00
15
00

L oans

R eal E state.

ii
it
ii
it
it
ii
it
a

$2,550
6,950
1,600
1,200
1,200
600
400
800
1,250
2,050
250
1,000

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

ti
ii
ti
ii

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

on

Sh a k e s .

Rate.
5.00 per cent.
ii
64
it
5.25
ii
5.50
ii
5.75
ii
6.00
ii
6.06
ii
6.12
it
6.18
ii
6.24
ii
6.25
ii
6.30
ii
6.36
ii
6.48
it
6.50
\i
7.26

.
.
.
.
•
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

$182
172
161
150
140
131
121
112
103
94
85
77
69
61
54
47
39
32
26
19
13
7
1

Dues paid in advance, .
Total,


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

85
02
34
99
90
12
55
31
26
47
95
70
70
91
34
00
89
97
25
70
31
08
00

Total
Value.

1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

Shares in
Force.

Series.

D ate op
I ss u e .

Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

43
25
57
65
78
160
91
140
164
198
341
468
410
498
773
420
442
644
729
202
437
738
127

$7,862
4,300
9,196
9,814
10,990
20,979
11,061
15,723
16,934
18,705
29,308
36,363
28,577
30,831
42,004
19,740
17,631
21,232
19,136
3,979
5,816
5,225
127

55
50
38
35
20
20
05
40
64
06
95
60
00
18
82
00
38
68
25
40
47
04
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$329,740 00
52,203 10
4,139 00

541 00
$386,082 10

Total,

$386,082 10

58

REPORT OF THE

Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the y e a r ,.
Highest per centum of interest received during the year : 6£.
Lowest per centum of interest received during the year : 5.
Number o f members withdrawn during the year,

.

Present number of m e m b e r s , .......................................
Present number of b o r r o w e r s ,........................................
Present number of non-borrowers, .
.
.
.
Number o f loans secured by first mortgage of real estate

[Pub. Doc
1,102
7,250
2,780
, 25
1,832

137
990
354
636
300

157
Number of loans on shares.................................................
Largest loan to any one member,
.
.
.
.
Smallest loan to any one member,
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : March 6.


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

$5,000 00
5 00
1,585 91

No. 8.]

SAYINGS BANK COMMISSIONERS.

59

E Q U IT Y C O -O P E R A TIV E B A N K — W O R C E ST E R .
Incorporated Feb. 9, 1887.

Commenced business March 17, 1887.

C h ar le s L. G a t e s , P r e s id e n t .
T . J. H a stin g s , S e c r e t a r y .
T . J. H astin g s , T r e a s u r e r .
Names of security committee:
D a n ie l P a r l in ,
E . J. B a r d w e l l ,
U r g el Jacques .
Regular meetings the Thursday preceding the third Monday o f each month.
B a l a n c e Sh e e t O c t .

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$250,750 00
5,900 00
Loans on shares, .
Temporary expense account,
265 87
Cash in hands of treasurer, .
3,223 48

Dues capital,
$217,751 00
Profits capital (all series), .
37,752 81
Interest,
.
.
.
.
1,098 97
F i n e s , .......................................
80 37
Transfer fees,
1 50
Guaranty fund, .
970 00
Surplus,
.
.
.
.
2,424 74
Forfeited share account,
59 96

$260,139 35

$260,139 35

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
expense account, .
profit and loss account,
real estate, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s ,

$72,121
16,534
490
10
77,250
9,535
695
7
403
57
91
2,850
6,417

00
01
99
50
00
00
42
02
14
90
42
83
30

$186,464 53

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired). .
profits capital
(withdrawn),
profits capital (forfeited),
profits capital (retired),
temporary expenses,
forfeited shares,
balance due on foreclosure sale,
real estate,
interest, .
.
.
.
Cash on hand Oct. 31, 1896,

$60,550
6,355
41,452
418
47,167

00
00
00
00
00

7,754
60
14,267
1,213
398

35
48
94
93
14

616
2,850
136
3,223

45
83
93
48

$186,464 53

60

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$151,650
37,950
22,000
10,900
12,000
5,200
2,000

00
00
00
00
00
00
00

on

Rate.

R eal E sta te .

L oans

Amount.

6 per cent.
6J
6|
“
6§
6è
6|
“
6|

$2,700
250
2,100
3,300
600
100

Rate.

00
00
00
00
00
00

Amount.

6ft per cent.
7
“
n
“
7|
«
71
“
lift “

$3,805
1,595
100
300
100

00
00
00
00
00

on

Sh ar e s.

Rate.
6 per cent.
6ft
6¿
“
6|
“
7

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

$158
148
137
127
117
107
98
89
81
72
64
56
49
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

•

97
14
60
40
51
93
67
72
04
65
53
66
03
65
51
58
88
39
10
00

Total
Value.

1887, .
1887, .
1888, .
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896,.

Shares in
Force.

Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

Series.

D a te op
I ssue.

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

104
92
79
76
115
110
139
119
296
183
253
203
374
267
486
506
593
672
966
634

$16,532
13,628
10,870
9,682
13,513
11,872
13,715
10,676
23,987
13,294
16,326
11,501
18,337
11,120
16,771
13,955
12,381
9,670
7,824
1,268

88
88
40
40
65
30
13
68
84
95
09
98
22
55
86
48
84
08
60
00

Dues capital, as per general ledger,
$217,751 00
Profits capital, as per
37,752 81
general ledger, .
1,903 00
Unpaid dues,

474 00
$257,406 81

Total,

$257,406 81

Number of shares issued during the y e a r , .................................................. 1,747
Number of shares now in f o r c e , .....................................................................6,267
Number of shares now borrowed u p o n , ............................................................1,440
Largest number of shares held by any one member..............................................25
Number of shares withdrawn during the year,
.
.
.
.
1,015
Number of shares forfeited during the y e a r , ................................................. 16
Number o f shares retired during the y e a r , ................................................. 504
Highest per centum of interest received during the year: 7 1-8.
Lowest per centum o f interest received during the y ea r: 6.
Number of members withdrawn during the y e a r , ............................................113
Present number of m e m b e r s ,.................................................................................. 689
Present number of b orro w e rs,...................................................................................149
Present number of non-borrowers..............................................................................540
Number of loans secured by first mortgage of real estate,
.
.
. 167
Number o f loans on s h a r e s , .....................................................................................25
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one m e m b e r , ..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
1,229 55
Date of examination by commissioner: March 26.


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

No. 8.]

SAVINGS BANK COMMISSIONERS.

61

E V E R E T T C O -O P E R A T IV E B A N K — E V E R E T T .
Incorporated Sept. 24, 1890.

Commenced business Oct. 14, 1890.

E d w a r d C. M e a d , P r e s id e n t.
C h ar les E . Je n n in g s , S e c r e t a r y .
C h ar l e s E . Je n n in g s , T r e a s u r e r .

Names of security committee:
Jam es E . F r e e m a n ,
N a t h a n ie l A . D i l l ,
G eorge E . S m it h .

Regular meetings the second Tuesday of each month.

Ba l a n c e Sh e e t O ct.

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$67,800
9,153
7
9
126

00
00
50
24
89

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$77,096 63

$65,156
9,825
206
8
195
621
1,059
24

00
45
74
05
04
98
08
29

$77,096 63

i

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.
R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$20,520
4,589
262
124

00
96
05
87
50
00
00
21
00
64

For real estate loans, .
$16,400 00
share loans, .
5,652 00
dues capital (withdrawn),
14,071 00
dues capital (forfeited),.
20 00
dues capital (retired), .
4,392 00
profits capital
(withdrawn),
1,864 77
profits capital (forfeited),
3 80
profits capital (retired),
900 97
temporary expenses,
117 75
forfeited shares,
31 05
Cash on hand Oct. 31, 1896,
126 89

$43,580 23

$43,580 23

8,100
7,367
465
20
2,130

i

62

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

on

L oans

R eal E state.

Rate.

$64,550 00
1,250 00

6.30 per cent.
6.60
“

7.20 per cent.

$2,000 00

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

Amount.

on

6.30 per cent.

$9,153 00

Oct.,
April,
Oct,,
April,
Oct ,
April,
Oct.,
April,
Oct ,
April,
Oct.,
April,
Oct.,

1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

1

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

2

3
4
5
6
7
8
9
10
11
12
13

$87
79
71
63
55
47
40
33
26
19
13
7
1

77
31
09
11
37
85
55
46
57
89
41
11
00

245
224
102
94
65
58
77
98
185
92
134
189
' 94

Total
Value.

Shares in
Force.

D ate of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$21,503
17,765
7,251
5,932
3,599
2,775
3,122
3,279
4,915
1,829
1,796
1,343
94

•

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$65,156 00
9,825 45
297 00

70 00

Dues paid in advance, .
Total,

65
44
18
34
05
30
35
08
45
88
94
79
00

$75,278 45

$75,278 45

Total,

Number of shares issued during the year,
Number o f shares now in f o r c e , ........................................
Number o f shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
.
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .
Present number of m e m b e r s ,.................................................
Present number of b o r r o w e r s ,.................................................
Present number o f n o n -b o rro w e rs,........................................
Number of loans secured by first mortgage of real estate,

.

446
1,657
. 617
.
25
. 472
.
10
.
61
$0 05
05

.

40

. 167
.
40
.
.

127
34

.
27
Number o f loans on s h a r e s , .................................................
.
Largest loan to any one m e m b e r , ........................................
Smallest loan to any one member,
.
.
' .
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : April 1.


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

5,000 00
50 00
117 75

No. 8.]

SAYINGS BANK COMMISSIONERS

63

F A L L R IV E R C O -O P E R A T IV E B A N K — F A L L R IV E R .
Incorporated Dec. 1, 1888.

Commenced business Dec. 12, 1888.

J ohn B a r l o w , P r e s id e n t .
G eorge 0 . L ath r o p , S e c r e t a r y .
R odolphus N . A l l e n , T r e a su r e r .

Names of security committee :
John B a r l o w ,

B radfor d D. D a yo l ,
H enry W

a r in g .

Regular meetings the second Wednesday of each month.

B alance Sheet Oct. 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$267,650 00
Loans on shares, .
2,500 00
Temporary expense account,
81 70
Real estate by foreclosure, .
3,028 31
Suspense account, .
25 00
Unpaid fines, .
.
.
.
73 84
Cash in hands o f secretary, .
305 57
Cash in hands of treasurer, .
442 26

Dues capital,
$236,093 00
Profits capital (all series), .
33,180 37
Interest........................................
1,130 34
Guaranty fund, .
1,700 00
Surplus,
.
.
.
.
1,985 85
Profit and loss account,
12 12

$274,101 68

$274,101 68

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
profits, .
.
.
.
real estate by foreclosure,
insurance account,
profit and loss,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$89,435
15,362
418
59,000
1,500
8

00
96
99
00
00
55

223
575
32
2,119

42
00
43
44

For real estate loans, .
$107,700 00
share loans, .
2,600 00
dues capital (withdrawn),
49,991 00
profits capital (withdrawn),
5,566 23
temporary expenses,
1,005 88
insurance account,
575 00
interest, .
.
.
.
301 98
suspense,
25 00
real estate by foreclosure,
162 87
Cash on hand Oct. 31, 1896,
747 83

$168,675 79

$168,675 79

REPORT OF THE

64

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

on

Keal E state.

L oans

on

Sh a r e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$2,000 00
800 00
255,700 00

6.30 per cent.
6 36
6.48
“

$8,350 00
800 00

6.60 per cent.
6.66
“

$2,500 00

6.60 per cent.

1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

$120
115
106
97
88
80
71
63
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

•

Total
Value.

Dec.,
Mar ,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
Mar ,
Sept.,
Mar ,
Sept.,
Mar.,
S e n t,
Mar.,
Sept.,

Shares in
Force.

D ate of
I ssu e.

257
97
130
201
178
294
115
407
329
417
297
488
382
777
1,083
1,659
631

$30,855
11,183
13,789
19,523
15,744
23,525
8,261
26,003
18,483
20,303
12,301
16,772
10,512
16,200
15,573
13,437
1,262

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

06
29
07
13
45
02
84
89
18
69
42
37
52
85
38
10
00

42
13
10
13
10
88
60
23
22
73
74
56
64
45
54
90
00

•

202 00

•

$273,935 37

Dues capital, as per general ledger,
$236,093 00
Profits capital, as per
33,180 37
general ledger, .
Unpaid dues,
4,662 00

Total,

$273,935 37

Number of shares issued during the y e a r , ........................................2,675
Number o f shares now in f o r c e , ........................................................... 7,742
Number of shares now borrowed u p o n , ................................................. 1,604
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r ,....................................... 1,981
Highest premium received during the y e a r , ............................................................$0 10
Lowest premium received during the y e a r , ...........................................................
Number o f members withdrawn during the y e a r , ........................................151
Present number of m e m b e r s , ...................................................................................793
Present number of b o r r o w e r s ,...................................................................................162
Present number o f n o n -b o r r o w e r s ,.........................................................................631
Number of loans secured by first mortgage o f real estate,
.
.
. 156
Number of loans on s h a r e s , ..................................................................................... 11
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r , ...............................................................................
Am ount o f expenses of the corporation for the year ending Oct. 31, 1896,
.
Date of examination by commissioner: July 20.


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

08

5,000 00
50 00
1,005 88

No. 8.]

65

SAYINGS BANK COMMISSIONERS

F E D E R A L C O -O P E R A T IV E B A N K — BOSTON-.
Incorporated Jan. 29, 1890.
F r a n k W . E l d r ed g e , P r e s id e n t .
W il l ia m W

Commenced business Feb. 6, 1890.
W

il l ia m

W a r d w e l l , S ecreta ry.

a r d w e l l , T r e a su r e r .

Names of security committee :
L oring R . M o n k ,
H . B. Bu rn h am ,
S. K . P a r k s ,
W il l ia m B. H a y f o r d ,
F ran cis G. W a s h b u r n ,
C h ar l e s P. R e n f r e w ,
F. N . N a t .
Regular meetings the first Thursday of each month.
B

alance

Sh e e t O c t.

A ssets.

Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid fines, .
.
.
.
Cash in hands o f treasurer, .

31, 1896.

L ia b il it ie s .

$48,582
1,820
2,620
173
14
4,701

00
00
22
12
61
87

Dues capital,
Profits capital (all series),
Guaranty fund, .
Forfeited share account,
Income from real estate,

.

$50,605
6,821
436
6
41

00
26
89
83
84

$57,911 82

$57,911 82

Detailed Statement of Receipts and Disbursements for the Year Endinq
Oct. 31, 1896.

R

D is b u r s e m e n t s .

e c e ip t s.

From dues capital,
interest,
fines....................................
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeited shares, .
profits, .
.
.
.
income from real estate,
profit and loss,
real estate by foreclosure,
Cash on hand Oct. 31, 1895, .


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

$18,478
3,295
85
23,595
2,165
270
351
5
131
40

00
35
12
00
00
45
25
82
61
64

7,594 91
4,634 71

.

$60,647 86

For real estate loans, .
$30,225 00
share loans, .
2,140 00
dues capital (withdrawn),
12,754 00
dues capital (forfeited),
340 00
profits capital
(withdrawn),
1,356 51
14 53
profits capital (forfeited),
temporary expenses,
285 93
forfeited shares,
498 81
income from real estate,
18 00
withdrawal profits refunded,
1 46
real estate
by foreclosure,
8,155 18
guaranty fund,
156 57
Cash on hand Oct. 31, 1896,
4,701 87
$60,647 86

[Pub. Doc.

REPORT OF THE

66

Total Amount of Loans at Specified Bates of Interest.
Loans

Rate.

Amount.

Sh a r e s .

on

Rate.

Amount.
$1,161
209
250
200

6.50 per cent.
6.75
“
7.20
“

$3,200 00
800 00
2,200 00

6.00 per cent.
6.10
“
6.25
“
6.30
“

00
00
00
00

L oans

R eal E sta te .

Rate.

Amount.
$31,232
1,400
. 1,600
8,150

on

6.00 per cent.
6.25
6.75
7.25
“

00
00
00
00

1
2
3
4
5
6
7
8
9

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

$99
90
82
74
65
58
50
43
35
32
25
18
12

10
11
12

13
14

72
89
32
01
92
07
48
09
91
39
52
85
38

6 10

•

•

•

67
74
19
64
98
73
120
47
227
58
84
209
169
246

$6,681
6,725
1,564
4,736
6,460
4,239
6,057
2,025
8,151
1,878
2,143
3,939
2,092
1,500

24
86
08
64
16
11
60
23
57
62
68
65
22
60

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

•

6,821 26
835 00

.

$58,261 26

Total,

$58,261 26

Number of shares issued during the year,

.

.

.

Number of shares now in f o r c e , .................................................
Number of shares now borrowed u p o n , ........................................
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
.
.
.
.
Highest per centum of interest received during the year : 7 1-4.
Lowest per centum o f interest received during the year : 6.
Number of members withdrawn during the year, .
Present number of members..................................................................
Present nxrmber of b o rro w e rs,...........................................................
Present number of non-borrowers.......................................................
Number of loans secured by first mortgage of real estate,

.

516
1,555

. 387
.
25
. 486
.

36

.
.
.
.
.
.

57
198
40
158
28
21

Number of loans on s h a r e s , ...........................................................
Largest loan to any one member..........................................................
Smallest loan to any one m e m b e r , .................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : March 20.


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

$50,605 00

65 00

Dues paid in advance, .
Total,

Total
Value.

1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1894,
1895,
1895,
1896,

Shares in
Force.

Series.

D ate of
I ssue.

Feb.,
A ug ,
Feb.,
A ug.,
Feb.,
A ug.,
Feb.,
Aug.,
Feb.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

$4,000 00
50 00
.

285 93

No. 8.]

67

SAYINGS BANK COMMISSIONERS.

F ID E L IT Y C O -O P E R A T IV E B A N K — F IT C H B U R G .
Incorporated April 25, 1888.

Commenced business M ay 8, 1888.

G eorge E . C l if f o r d , P r e s id e n t .
W .

~W .

G. H a y e s , S e c r e t a r y .

G. H a y e s , T r e a su r e r .

Names of security committee:
H . G. M orse ,

L . H . G o odnow ,
F. F . F arrar.

Regular meetings the second Tuesday of each month.
B alan ce Sh eet O c t.

31, 1896.

L ia b il it ie s .

A ssets.

$353,860 00
Loans on real estate,
16,232 00
Loans on shares, .
700 00
Real estate by foreclosure, .
4,080 00
Unpaid interest,
20 00
Unpaid premiums,
150 00
Unpaid fines, .
.
.
.
811 72
Cash in hands of treasurer, .

Dues capital,
$313,777 00
56,200 79
Profits capital (all series), .
3,244 61
Interest,
.
.
.
.
Premiums, .
.
.
.
22 97
F i n e s , .......................................
89 87
Transfer fees,
75
Withdrawal profits,
61 50
Guaranty fund, .
1,110 00
1,254 28
Surplus,
.
.
.
.
91 95
Forfeited share account,

$375,853 72

$375,853 72

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

D is b u b s e m e n t s .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits.
forfeiture profits, .
forfeited shares, .
real estate by foreclosure,
Cash on hand Oct. 31, 1895, .


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

$88,442
20,648
144
590
8
91,000
22,690
203
2
12

00
71
58
06
50
00
00
97
06
75

4,035 25
1,952 87

$229,730 75

For real estate loans, .
$135,310 00
share loans, .
24,082 00
dues capital (withdrawn),
21,450 00
dues capital (forfeited),
286 00
dues capital (retired), .
31,867 00
profits capital
(withdrawn),
2,011 65
profits capital (forfeited),
66 77
profits capital (retired),
7,892 27
temporary expenses,
913 10
forfeited shares,
30 56
interest on retired shares,
274 43
real estate by foreclosure,
4,735 25
Cash on hand Oct. 31, 1896,
811 72
$229,730 75

68

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Bates of Interest.
L oans

Amount.
$311,060
17,900
3,600
4,700
450
1,200
1,100
550

on

Rate.

00
00
00
00
00
00
00
00

R eal E st a te .

L oans

Amount..

6.00 per cent.
6.12
6.24
“
6.36
“
6.48
“
6.60
«
6.72
«
6.96
“

$4,100
3,100
600
700
1,900
1,500
1,400

Rate.

00
00
00
00
00
00
00

Amount.

7.20 per cent.
7.44
7.92
“
8.40
«
8.52
“
9.24
“
9.72
“

$14,385
80
200
800
500
267

00
00
00
00
00
00

on

Sh a r e s .

Rate.
6.00 per cent.
6.60
8.40
“
8.52
“
9.24
“
9.72
“

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1 $131 43
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

124
115
106
97
88
80
71
63
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

•

•

95
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

520
218
247
231
172
303
404
123
440
292
443
258
488
355
698
786
1,280
482

Total
Value.

Shares in
Force.

Series.

D ate of
I ssue.

M ay,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept ,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

$68,343
27,239
28,518
24,539
16,730
26,836
32,372
8,847
28,146
16,422
21,591
10,696
16,782
9,769
14,553
11,302
10,368
964

60
10
62
13
44
71
52
39
80
08
82
68
32
60
30
68
00
00

Dues capital, as per general ledger,
$313,777 00
Profits capital, as per
general ledger, .
56,200 79
Unpaid dues,
4,834 00

787 00
$374,811 79

Total,

$374,811 79

Number of shares issued during the y e a r , ........................................2,263
Number of shares now in f o r c e , ........................................................... 7,740
Number of shares now borrowed u p o n , ................................................. 2,444
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the year,
.
.
.
.
1,194
Number of shares forfeited during the y e a r , ..................................................34
Number of shares retired during the y e a r , ................................................. 354
Highest per centum of interest received during the y ea r: 9 72-100.
Lowest per centum of interest received during the y ea r: 6.
Number of members withdrawn during,the y e a r , ........................................170
Present number o f m e m b e r s ,...................................................................................891
Present number of b o rro w e rs,.................................................................................. 295
Present number of n o n -b o rro w e rs,.........................................................................596
Number of loans secured by first mortgage of real estate,
.
.
. 271
Number of loans on s h a r e s , .....................................................................................80
Largest loan to any one m e m b e r , ....................................... t
$5,000 00
Smallest loan to any one m e m b e r ,.............................................................................. 10 00
Amount of expenses of the corporation for the year ending Oct. 31,1896, .
913 10
Date of examination by commissioner : March 17.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

69

F IT C H B U R G C O -O P E R A T IV E B A N K — F IT C H B U R G .
Incorporated Oct. 27, 1877.
Jabez F is h e r , P r e s id e n t .

Commenced business Nov. 8, 1877.

F r e d e r ic k A . C u r r ie r , S e c r e t a r y .
H arriso n B a il e y , T r e a s u r e r .
Names of security committee:

M a r t in W

ebber,

N a t h a n ie l Y a r n e y ,
E d g a r S. M oulton .

Regular meetings the third Thursday o f each month.
B a l a n c e Sh e e t O c t .

A ssets.

31, 1896.
L ia b il it ie s .

Loans on real estate,
$639,240 00
Loans on shares, .
25,485 00
Real estate by foreclosure, .
2,313 17
Suspense account, .
4,276 96
Unpaid interest,
9,786 61
Unpaid premiums,.
86 10
Unpaid tines, .
.
.
.
483 66
Unpaid dues................................
13,501 00
914 76
Personal accounts,.
Cash in hands of treasurer, .
5,445 02

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Advance dues,
Incomplete loans,
Personal accounts,

$701,532 28

.

$563,232
125,301
3,096
186
791
1,953
6,300
672

00
02
71
33
08
00
00
14

$701,532 28

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
R e c e ip t s .

D is b u r s e m e n t s .

From dues capital,
$136,611 00
interest,
.
.
34,566 05
premiums, .
274 55
fines....................................
888 49
transfer fees,
23 75
real estate loans repaid,
120,410 00
share loans repaid,
21,170 00
withdrawal profits,
557 34
forfeiture profits, .
15 47
guaranty fund,
360 06
incomplete loans,
27,630 00
permanent expense,
80
temporary expense,
83 75
real estate by foreclosure,
60 00
surplus,
704 78
personal accounts,
2,501 58
Cash on hand Oct. 31, 1895, .
32,958 59

For real estate loans. .
$204,250 00
share loans, .
20,130 00
dues capital (withdrawn),
40,480 00
dues capital (forfeited),
1,614 00
dues capital (retired), .
31,485 00
dues capital (matured),
13,752 00
profits capital
(withdrawn),
5,544 96
profits capital (forfeited),
154 73
profits capital (retired),
10,918 99
profits capital (matured),
6,045 93
temporary expenses,
1,793 53
permanent expenses,
51 68
forfeited shares,
63 74
incomplete loans, .
28,680 00
interest and fines, .
825 19
real estate by foreclosure,
1,566 91
surplus, .
.
.
.
1,277 12
suspense,
3,055 86
personal accounts,
1,680 85
Cash on hand Oct. 31, 1896,
5,445 02

$378,816 21

$378,816 21


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

[Pub Doc

REPORT OF THE

70

Total Amount of Loans at Specified Rates of Interest.
L oans

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

L oans

R eal E sta te .

Rate.

Amount.

6.00 per cent.
<<
6.12
it
6.24
<<
6.36
a
6.48
a
6.60
<<
6.72
<<
6.84
a
6.96
u
7.08
ti
7.20
a
7.32
<<
7.44

$100
350
100
700
50

Amount.
$538,240
50,100
7,400
6,700
7,050
8,200
7,750
3,350
4,100
1,000
1,600
2,400
50

on

Amount.

Rate.

00
00
00
00
00

7.56 per cent.
7.68
8 04
“
8.16
“
8.64

$20,230
2,530
600
70
110
750
60
640
50
50
165
50
180

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

on

Sh a r e s .

Rate.
6.00 per cent.
6.12
“
6.24
“
6.48
“
6.60
6.96
7.20
“
7.32
“
7.44
“
7.68
7.80
“
7.92
“
8.16

1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

Total,


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

$198
187
175
164
153
143
133
123
113
104
95
86
78
69
61
54
46
39
32
25
18
12
6

•

94
14
66
52
74
23
06
22
66
40
41
68
21
98
99
25
73
44
37
51
85
38
10

54
92
134
127
323
317
443
329
471
482
406
412
385
449
429
595
332
438
619
790
1,207
1,583
1,239

Total
Value.

Shares in
Force.

Series.

D a te of
Issue.

M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M av,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

$10,742
17,216
23,538
20,894
49,658
45,403
58,945
40,539
53,533
50,320
38,736
35,712
30,110
31,421
26,593
32,278
15,514
17,274
20,037
20,152
22,751
19,597
7,557

76
88
44
04
02
91
58
38
86
80
46
16
85
02
71
75
36
72
03
90
95
54
90

$688,533 02

Dues capital, as per gen$563,232 00
eral ledger,
Profits capital, as per
125,301 02
general ledger, .

Total,

$688,533 02

No. 8.]

SAYINGS BANK COMMISSIONERS.

71

Number of shares issued during the y e a r , ........................................3,159
Number o f shares now in f o r c e , ........................................................... 11,656
Number of shares now borrowed u p o n , ................................................. 3,137
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,497
Number of shares forfeited during the y e a r , ................................................. 68
Number o f shares retired during the y e a r , ................................................. 270
Number of shares matured during the y e a r , ................................................. 99
Highest per centum of interest received during the year : 7.32.
Lowest per centum of interest received during the y e a r: 6.
Number of members withdrawn during the y e a r , ........................................147
Present number of m e m b e r s ,............................................................................... 1,421
Present number of b orrow e rs,...................................................................................646
Present number of non-borrowers..............................................................................775
Number of loans secured by first mortgage of real estate,
.
.
. 595
Number of loans on shares........................................................................................... 191
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r ,...............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .

$5,000 00
10 00
1,760 66

Date of examination by commissioner : June 23.


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

I

72

REPORT OF THE

[Pub. Doc.

F O XB O R O U G H C O -O P E R A T IV E B A N K - FOXBOROIJGH.

Incorporated Feb. 25, 1889.

Commenced business March 19, 1889.

A . F . B e m is , P r e s id e n t .

F . S. L a n e , S e c r e t a r y .
F . S. L a n e , T r e a s u r e r .

Names of security committee:
W m . T . C ook ,
C h a s . C. S u m n e r ,

E z r a P ic k e n s ,
C h a s . H . H a r tsh o h n .

Regular meetings the third Wednesday o f each month.

Balance

A

Sh e e t O c t.

ssets.

Loans on real estate,
Loans on shares, .
Unpaid fines,
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$66,950
2,600
8
922

00
00
11
97

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$70,481 08

$59,494
9,343
436
35
80
124
966

00
71
57
50
57
59
14

$70,481 08

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$20,721
3,777
276
123
3
6,700
1,600
186
1,646

00
51
79
38
00
00
00
94
68

For real estate loans, .
$24,075 00
share loans, .
2,245 00
dues capital (withdrawn),
6,694 00
profits capital
(with­
drawn),
843 93
temporary expenses,
254 40
Cash on hand Oct. 31, 1896,
922 97

$35,035 30

$35,035 30

No. 8.]

73

SAYINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Bales of Interest
L oans

on

Amount.

Rate.

$36,200 00
29,150 00

6.30 per cent.
6.60
“

R eal E st a te .

L oans

6.90 per cent.
7.20
«

$400 00
1,20Q 00

Sh a r e s .

Amount.

Rate.

Amount.

on

$955 00
1,645 00

Rate.
6.30 per cent.
6.60
“

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

$116
107
98
89
80
72
64
56
49
41
34
27
20
14
8
2

54
20
15
38
83
55
52
71
11
75
58
66
93
42
11
00

Total
Value.

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

Shares in
Force.

Series.

D a te of
I ssu e .

M ar.,
Sept.,
M ar.,
S e p t,
M ar.,
S e p t,
M ar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept ,
M ar.,
Sept.,
M ar.,
S e p t,

Value per
Share.

Beconciliation of Share Account with Dues and Profits Capital.

123
60
22
52
79
33
98
42
60
61
98
150
204
281
280
323

$14,334
6,432
2,159
4,647
6,385
2,394
6,322
2,381
2,946
2,546
3,388
4,149
4,269
4,052
2,270
646

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$59,494 00
9,343 71«
508 00

18 00

Dues paid in advance, .
Total,

42
00
30
76
57
15
96
82
60
75
84
00
72
02
80
00

•

*69,345 71

Total,

$69,345 71

Number of shares issued during the y e a r , ................................................. 663
Number of shares now in f o r c e , ........................................................... 1,966
Number of shares now borrowed upon, .
.
.
.
.
.
.451
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................249
Highest premium received during the y e a r , ........................................................... $0 10
Lowest premium received during the y e a r , ...........................................................
Number of members withdrawn during the y e a r , ........................................36
Present number of m e m b e r s ,.................................................................................. 335
Present number of b o r r o w e r s ,.................................................................................... 75
Present number of n o n -b o r r o w e r s,.........................................................................260
Number of loans secured by first mortgage of real estate,
.
.
.
59
Number of loans on s h a r e s , .....................................................................................16
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r ,...............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
Date of examination by commissioner : January 13.


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

05

5,000 00
35 00
254 40

74

REPORT OF THE

[Pub. Doc.

G A R D N E R C O -O P E R A T IV E B A N K — G A R D N E R . '
Incorporated Jan. 14, 1889.

Commenced business March 12, 1889.

G u y W . G a r l a n d , P r e s id e n t .

Jam es A . St il e s , S e c r e t a r y .

Jam es A . St il e s , T r e a s u r e r .
Names of security committee :
Jonas R . D a v is ,
H e n r y G. P o l l ar d ,
H osea C a r t e r .
Regular meetings the second Tuesday of each month.
B a l a n c e Sh e e t O c t .

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$102,850 00
Loans on shares, .
2,615 00
Permanent expense account,
228 65
Temporary expense account,
78 73
Real estate by foreclosure, .
2,568 78
Unpaid interest,
963 99
Unpaid premiums,
76 80
Unpaid fines, .
.
.
.
117 79
Mortgages,
.
.
.
.
2,205 50
Taxes paid...................................
101 24
Cash in hands of treasurer, .
2,009 82

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
Fines, .
.
.
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$113,816 30

$95,185
16,311
1,190
90
52
48
312
619
6

00
28
59
25
15
41
80
08
74

$113,816 30

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
mortgages, .
insurance,
taxes, .
.
.
.
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$29,502
6,173
571
238

00
25
18
66
75
00
00
71
12
00
00
33
08

For real estate loans, .
$28,100 00
share loans, .
3,045 00
dues capital (withdrawn),
12,348 00
dues capital (forfeited),
136 00
dues capital (retired), .
5,286 00
profits capital (withdrawn),
1,470 03
profits capital (forfeited),
12 16
profits capital (retired),
1,349 51
temporary expenses,
505 83
permanent expenses,
103 65
forfeited shares,
11 16
real estate by foreclosure
(taxes),
29 70
mortgages,
1,482 50
insurance,
16 00
taxes,
.
.
.
.
84 62
interest on retired shares,
33 10
Cash on hand Oct. 31, 1896,
2,009 82

$56,023 08

$58,023 08

12,930
2,804
138
9
817
16
120
2,702

No. 8.]

SAYINGS BANK COMMISSIONERS.

75

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$26,750
10,200
14,350
2,500
14,050
5,900
8,000
6,300
1,800
1,200

00
00
00
00
00
00
00
00
00
00

on

Rate.

R eal E sta te .

L oans

Amount.

6.12 per cent.
6.24
“
6.36
“
6.48
6.60
6.72
»
6.84
“
6.96
“
7.08
“
7.20
“

$4,900
700
500
1,800
900
1,900
350
300
450

Rate.

00
00
00
00
00
00
00
00
00

on

Sh a r e s .

Amount.

7.32 per cent.
7.44
7.56
“
7.68
“ .
7.80
“
7.92
«
8.04
“
8.28
“
8.52
«

$1,325
175
100
665
185
65
100

Rate.

00
00
00
00
00
00
00

6.12 per cent.
6.24
6.48
“
6.60
“
6.84
“
7.32
“
8.52
»

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

$115
106
97
88
80
72
64
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

•

96
68
65
84
31
03
02
27
74
45
39
52
85
38
10
00

Total
Value.

1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892,.
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .

Shares in
Force.

M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
Mar ,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

Value per
Share.

D a te op
I ss u e .

Series.

Reconciliation of Share Account with Dues and Profits Capital.

302
84
59
51
68
81
214
85
125
70
138
97
241
180
568
230

$35,019
8,961
5,761
4,530
5,461
5,834
13,700
4,782
6,092
2,901
4,745
2,669
5,024
2,588
4,600
460

92
12
35
84
08
43
28
95
50
50
82
44
85
40
80
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

16,311 28
•1,659 00

20 00
$113,155 28

Total,

Number of shares issued during the year,
Number of shares now in force,
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number o f members withdrawn during the year,
Present number of members,
.
.
.
.
Present number of borrowers, .
.
.
.
Present number of non-borrowers,
.
Number of loans secured by first mortgage of real estate
Number of loans on shares,
.
.
.
.
Largest loan to any one member,
Smallest loan to any one member, .
Amount of expenses of the corporation for the ye
Date of examination by commissioner : June 25.


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

$95,185 00

$113,155 28

1,013
2,593
617
25
486
8
61
$0 52
02
66
495
109
386
117
18
3,200 00
15 00
550 83

[Pub. Doc

REPOET OF THE

76

G E R M A N IA C O -O P E R A T IV E B A N K — BOSTON.
Incorporated Oct. 3, 1885.

Commenced business Oct. 20, 1885.

Joseph T ondorf , P r e s id e n t .
A n d r e w M . D orr , S e c r e t a r y .
M a r t in H a se n fu ss , T r e a s u r e r .
Names of security committee:
H e r m a n Ob e r m a r k ,
T heodor F a n d e l ,
N icholas S c h a a f .
Regular meetings the third Tuesday of each month.
B a l a n c e Sh e e t O c t .

31, 1896.

L ia b il it ie s .

A sse ts.

$244,980 00
Loans on real estate,
8,450 00
Loans on shares, .
178 33
Permanent expense account,
192 35
Temporary expense account,
7,603 29
Real estate by foreclosure, .
64 49
Suspense account, .
11,163 60
Cash in hands of treasurer, .

$225,545 00
Dues capital,
42,320 22
Profits capital (all series), .
1,611 38
Interest,
.
.
.
.
36 72
F i n e s , ........................................
50
Transfer fees,
157
96
Withdrawal profits,
2,361 45
Guaranty fund, .
594 59
Surplus,
.
.
.
.
4 24
Forfeited share account,

$272,632 06

$272,632 06

Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
insurance on real estate
loan, refunded,.
rents, .
.
.
.
Ca'ili on hand Oct. 31, 1895, .


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

$71,136
14,538
283
2
44,600
7,800
686
65
3

00
84
14
00
00
00
98
09
00

12 00
267 00
12,727 82

$152,121 87

$87,730 00
For real estate loans, .
8,850 00
share loans, .
28,458 00
dues capital (withdrawn),
661 00
dues capital (forfeited),
7,770 00
dues capital (retired), .
profits capital
(with2,739 86
drawn),
240 81
profits capital (forfeited),
2,586 03
profits capital (retired),
1,501 50
temporary expenses,
18 25
forfeited shares,
339 97
repairs, taxes, etc.,
50 85
suspense account, .
12 00
insurance,
11,163 60
Cash on hand Oct. 31, 1896,
$152,121 87

No. 8.]

SAVINGS BANK COMMISSIONERS

77

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$7,850
48,050
11,200
96,650
30,100
18,100
100
13,200
500
1,200
5,200
2,900
4,000
3,430
1,500

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

on

R eal E state.

L oans

on

Sh ar e s.

Rate.

Amount.

Rate.

Amount.

Rate.

5.25 per cent.
5.50
“
5.75
“
6.00
“
6.25
“
6.50
“
6.75
7.00
7.25
»
7.50
“
7.75
8.25
“
8.75
“
9.25
9.50

$1,000 00

12.75 per cent.

$200
500
2,500
1,500
850
650
300
250
650
250
50
50
100
250
350

5.25 per cent.
5.50
5.75
“
6.00
“
6.25
“
6.50
«
6.75
“
7.00
“
7.50
»
8.00
“
8.50
»
9.00
“
9.25
«
9.75
“
12.75
“

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

Oct., 1 8 8 5 ,
April, 1 8 8 6 ,
Oct., 1 8 8 6 ,
April, 1 8 8 7 ,
Oct., 1 8 8 7 ,
April, 1 8 8 8 ,
Oct., 1 8 8 8 ,
April, 1 8 8 9 ,
Oct., 1 8 8 9 ,
April, 1 8 9 0 ,
Oct., 1 8 9 0 ,
April, 1 8 9 1 ,
Oct., 1 8 9 1 ,
April, 1 8 9 2 ,
Oct., 1 8 9 2 ,
April, 1 8 9 3 ,
Oct., 1 8 9 3 ,
April, 1 8 9 4 ,
Oct., 1 8 9 4 ,
April, 1 8 9 5 ,
Oct., 1 8 9 5 ,
April, 1 8 9 6 ,
Oct., 1 8 9 6 ,

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

1
2
3

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

$189
178
167
156
145
135
125
115
105
96
87
79
71
63
55
47
40
33
26
19
13
7
1

96
39
08
07
47
04
05
28
79
68
83
29
03
00
24
71
41
33
47
83
37
10
00

67
74
76
62
38
112
114
8
82
110
191
183
259
267
218
366
279
501
540
527
794
935
425

Dues paid in advance, .
Total,


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

Value.

T otal

Value per
Share.

Series.

D a te of
I ssu e.

Shares in
Force.

Reconciliation of Share Account with Dues and Profits Capital.

$ 1 2 ,7 2 7
1 3 ,2 0 0
1 2 ,6 9 8
9 ,6 7 6
5 ,5 2 7
1 5 ,1 2 4
1 4 ,2 5 5
922
8 ,6 7 4
1 0 ,6 3 4
1 6 ,7 7 5
1 4 ,5 1 0
1 8 ,3 9 6
1 6 ,8 2 1
1 2 ,0 4 2
1 7 ,4 6 1
1 1 ,2 7 4
1 6 ,6 9 8
1 4 ,2 9 3
1 0 ,4 5 0
1 0 ,6 1 5
6 ,6 3 8
425

32
86
08
34
86
48
70
24
78
80
53
07
77
00
32
86
39
33
80
41
78
50
00

Dues capital, as per general ledger,
$ 2 2 5 ,5 4 5 00
Profits capital, as per
general ledger, .
4 2 ,3 2 0 2 2
Unpaid dues,
2 ,0 2 0 0 0

3 9 00
•

$ 2 6 9 ,8 8 5 2 2

Total,

$ 2 6 9 ,8 8 5 2 2

78

REPORT OF THE

[Pub. Doc.

Number o f shares issued during the y e a r , ....................................... 1,896
Number of shares now in f o r c e , ........................................................... 6,228
Number of shares now borrowed u p o n , ................................................. 1,507
Largest number of shares held by any one member........................................25
Number of shares withdrawn during the year,
.
.
.
.
1,357
Number of shares forfeited during the y e a r , ................................................. 14
Number of shares retired during the y e a r , ................................................. 75
Highest per centum o f interest received during the y e a r : 12 3-4.
Lowest per centum of interest received during the y ea r: 5 1-4.
Number of members withdrawn during the year..............................................190
Present number o f m e m b e r s , ............................................................................722
Present number of b o r r o w e r s ,...................................................................................150
Present number of non-borrowers.............................................................................. 572
Number o f loans secured by first mortgage of real estate,
.
.
. 153
Number of loans on s h a r e s , .................................................................................... 39
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one member,
............................................. .........
.
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
1,565 90
Date of examination by commissioner: December 23.


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

No. 8.]

SAVINGS BANK COMMISSIONERS.

79

GLO U C ESTER C O -O P E R A T IV E B A R K — G LOUCESTER.
Incorporated March 2, 1887.

Commenced business April 14, 1887.

W . F r a n k P ar so n s , P r e s id e n t .
E verett L a n e , S e c reta ry.
E v e r e tt L a n e , T r e a su r e r .

Names of security committee:
E d w in 0 . P arsons ,
Joseph C. S h e p h e r d ,
H e rbert P resson ,
J ohn S. R ogers ,
C a l v in Sa r g e n t .

Regular meetings the second Thursday of each month.

B alan ce Sh eet

Oct. 31, 1896.

A sse ts.

L ia b il it ie s .

$182,550 00
Loans on real estate,
13,100 00
Loans on shares, x.
66 12
Temporary expense account,
843 75
Unpaid interest,
63 39
Unpaid premiums,
95 31
Unpaid fines................................
13,316 72
Cash in hands of treasurer, .

Dues capital,
$170,718 00
Profits capital (all series), .
33,755 90
Interest,
.
.
.
.
852 25
Premiums, .
.
.
.
66 07
F i n e s , .......................................
20 14
Transfer fees,
50
Withdrawal profits,
57 44
Guaranty fund, .
1,714 70
Surplus,
.
.
.
.
2,842 64
Forfeited share account,
7 65

$210,035 29

$210,035 29

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$39,050
10,934
864
352
3
14,350
6,300
343
7,242

00
55
00
60
50
00
00
77
01

For real estate loans, .
$43,400 00
share loans, .
8,900 00
dues capital (withdrawn),
11,574 00
profits capital (with­
drawn),
1,378 11
temporary expenses,
871 60
Cash on hand Oct. 31, 1896,
13,316 72

$79,440 43

$79,440 43

i

80

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$137,500
26,400
11,200
3,250

00
00
00
00

on

R eal E state.

L oans

Rate.

Amount.

Rate.

6.30 per cent.
6.60
6.90
«
7.20
«

$4,200 00

7.50 per cent.

on

Amount.
$10,050
2,350
150
550

00
00
00
00

S h ares.

Rate.
6.30 per cent.
6.60
6.90
«
7.20
“

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

$153
143
133
123
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

•

97
61
54
77
28
07
13
45
02
84
90
18
69
42
38
52
85
38
10
00

Total
Value.

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

Shares in
Force.

Series.

D a te op
I ssue,

April, 1887,
Oct., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April. 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

142
86
90
73
121
134
168
81
279
162
234
216
286
170
175
180
186
147
304
174

$21,863
12,350
12,018
9,035
13,827
14,079
16,149
7.083
22,046
11,476
14,718
11,918
13,639
6,871
5,841
4,773
3,692
1,966
2,158
174

74
46
60
21
88
38
84
45
58
08
60
88
34
40
50
60
10
86
40
00

Dues capital, as per general ledger,
$170,718 00
Profits capital, as per
general ledger, .
33,755 90
Unpaid dues,
1,432 00

220 00
$205,905 90

Total,

$205,905 90

Number of shares issued during the y e a r , ................................................. 567
Number of shares now in f o r c e , ........................................................... 3,408
Number o f shares now borrowed u p o n , ..................................................1,162
Largest number of shares held by any one member........................................ 25
Number of shares withdrawn during the y e a r , ........................................376
Highest premium received during the y e a r , ........................................................... $0 10
Lowest premium received during the y e a r , ...........................................................
05
Number of members withdrawn during the y e a r , ........................................67
Present number of m e m b e r s , ...................................................................................557
Present number of b o r r o w e r s ,...................................................................................187
Present number of n o n -b o r r o w e r s ,......................................................................... 370
Number of loans secured by first mortgage of real estate,
.
.
. 203
Number of loans on s h a r e s , .....................................................................................58
Largest loan to any,'one m e m b e r , ...............................................................................
4,900 00
Smallest loan to any one m e m b e r , ...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
871 60
Date of examination by commissioner : February 7.


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

No. 8.]

81

SAYINGS BANK COMMISSIONERS

G R A F TO N CO -O P E R A TIV E B A N K — G R AFTO N .

Incorporated Oct. 19, 1887.

Commenced business N ov. 10, 1887.

D a n ie l N . G ib b s , P r e s id e n t .
Joseph A . D o dge , S e c r e ta r y .
J oseph A . D odge , T r e a su r e r .

Names of security committee :
John E . M cC l e l l a n ,
O l iv e r M . W

A l b e r t L . F is h e r ,
in g .

Regular meetings the second Thursday of each month.

Balan ce Sheet Oct.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Unpaid interest,
Cash in hands of treasurer,

31, 1896.

.'

$46,170
4,412
44
631

00
00
08
76

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.

$51,257 84

.

$41,273
8,729
435
820

00
64
00
20

$51,257 84

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
.
.
.
fines, .
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
membership fe e s,.
suspense account,
Cash on hand Oct. 31, 1895, .


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

00
37
20
00
00
00
75
80
20
20

$10,830 00
For real estate loans, .
share loans, .
5,047 00
10,586 00
dues capital (withdrawn),
profits capital
(with­
drawn),
1,837 97
261 79
temporary expenses,
Cash on hand Oct. 31, 1896,
631 76

$29,194 52

$29,194 52

$10,941
3,008
22
1
11,700
2,910
178
22
154
256

82

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

on

R eal E state.

L oans

on

Sh a k e s .

Rate.

Amount.

Rate.

Amount.

Rate.

6.00 per cent.
6.25

$42,270 00
2,500 00

6.50 per cent.
7.00
“

$4,412 00

7.00 per cent.

Amount.
o
o
o
o
o
o
o
o

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

1
2

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

$145
135
125
115
105
96
87
79
70
62
54
47
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

•

31
02
05
36
94
71
76
10
73
61
73
11
71
55
63
91
41
11

Total
Value.

1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

Shares in
Force.

Series.

D a te of
I ssue.

N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov ,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

90

$13,077
270
1,500
1,499
4,131
3,868
2,194
3,005
3,041
3,568
3,995
1,413
1,310
1,269
3,588
888
1,116
281

2

12
13
39
40
25
38
43
57
73
30
33
39
140
47
90
46

90
04
60
68
66
40
00
80
39
77
29
30
43
45
20
77
90
06

Dues capita], as per general ledger,
Profits capital, as per
general ledger, .
Unpaid d u es,.

8,729 64
74 00

55 00
$50,076 64

Total,

Number of shares issued during the year,
.
.
.
.
Number of shares now in f o r c e , .................................................
Number of shares now borrowed upon.............................................
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Highest per centum of interest received during the year : 6 1-2.
Lowest per centum of interest received during the year : 6 1-2.
Number of members withdrawn during the year, .
Present number of m e m b e r s ,...........................................................
Present number of b o r r o w e r s,...........................................................
Present number of n o n -b o rro w e rs,.................................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , ...........................................................
Largest loan to any one m e m b e r , .................................................
Smallest loan to any one m e m b e r ,.................................................
Amount of expenses of the corporation for the year ending Oct. 31
Date of examination by commissioner: November 11.


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

$41,273 00

$50,076 64

152
857
352
25
251

37
155
57
98
50
25

•

$4,800 00
15 00
261 79

No. 8.]

83

SAVINGS BANK COMMISSIONERS.

GROVE L A N D C O -O P E R A TIV E B A N K — G R O VE L A N D .

Incorporated Nov. 4, 1895.

Commenced business N ov. 19, 1895.

E d w a r d H . P a r k e r , P r e s id e n t .

A . S h ir l e y L a d d , S e c r e t a r y .

A . S h ir l e y L a d d , T r e a s u r e r .

Names of security committee:
E . H . G eorge ,
W . H . D e w h ir s t ,
S am uel B . G eo r g e .

Regular meetings the third Tuesday of each month.

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

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid fines................................
Cash in hands of treasurer, .

31,1896.

$2,200
25
140
2
882

00
00
91
34
56

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.

$3,147
95
2
6

00
34
05
42

$3,250 81

$3,250 81

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
share loans repaid,
withdrawal profits,


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

$3,324 00
97 19
53
13 62
30 00
30

$3,465 64

For real estate loans, .
share loans, .
dues capital (withdrawn),
profits capital
(with­
drawn),
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1896,

$2,200 00
55 00
177 00
1
1
148
882

50
25
33
56

$3,465 64

REPORT OF THE

84

[Pub. Doc,

Total Amount of Loans at Specified Bates of Interest.
L oans

on

Amount.

Rate.

$ 2 ,0 0 0 0 0

6.00 per cent.

R eal E state.

L oans

Amount.

$ 2 0 0 00

on

Sh a k e s .

Amount.

Rate.
6.30 per cent.

$25 00

Rate.
6.00 per cent.

D a te op
I ssu e.

Series.

Value per
Share.

Shares in
Force.

Total
Value.

Reconciliation of Share Account with Dues and Profits Capital.

N ov ., 1895, .
M ay, 1896, .

1
2

$12 38
6 10

233
68

$2,884 54
414 80

Total,

$3,299 34

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
Total,

$3,147 00
95 34
57 00
$3,299 34

Number of shares issued during the y e a r , ................................................. 343
Number of shares now in f o r c e , .................................................................... 301
Number of shares now borrowed u p o n , ........................................................... 17
Largest number of shares held by any one member,
.
.
.
.
15
Number of shares withdrawn during the y e a r , ....................................... 42
Highest per centum of interest received during the year : 6 3-10.
Lowest per centum of interest received during the year : 6.
Number of shares withdrawn during the y e a r ,................................................. 10
Present number of m e m b e r s , .................................................................................... 72
Present number of b o r r o w e r s ,...................................................................................... 4
Present number of non-borrowers................................................................................. 68
Number of loans secured by first mortgage of real estate,
.
.
.
3
Number of loans on s h a r e s , ...................................................................................... 1
Largest loan to any one m e m b e r , ...............................................................................$1,000 00
Smallest loan to any one m e m b e r , .....................................................................
.
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
8 67
Date of examination by commissioner : April 2.


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

No. 8.]

85

SAVINGS BANK COMMISSIONERS

G U A R D IA N C O -O P E R A TIV E B A N K — BOSTON.
Incorporated July 2, 1886.

Commenced business Aug. 6, 1886.

G a m a l ie l B r a d fo r d , P r e s i d e n t .
D a n ie l E l d r e d g e , S e c r e t a r y .
D a n ie l E l d r e d g e , T r e a s u r e r .
Names of security committee :
John K . F e l l o w s ,
G a m a l ie l B r a d fo r d ,
Jam es M . S impson ,
H ir am A m e s ,
W a l t er H . R oberts .
Regular meetings the first Friday of each month.
B a l a n c e Sh e e t O c t .

A sse ts.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$261,100 00
Loans on shares, .
9,050 00
Temporary expense account,
575 00
Unpaid interest,
897 50
Unpaid premiums,
57 95
112 46
Unpaid f i nes, .
.
.
.
Mortgages.....................................
2,420 04
Cash in hands of secretary, .
4,353 21

Dues capital,
$235,534 00
Profits capital (all series), .
30.726 42
Interest,
.
.
.
.
6,626 81
Premiums, .
.
.
.
410 20
F i n e s , .......................................
300 40
Transfer fees,
1 50
Withdrawal profits,
391 22
1,850 00
Guaranty fund, .
Surplus,
.
.
.
.
2,719 71
Forfeited share account,
5 90

$278,566 16

$278,566 16

JDetailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
retired shares,
mortgages, .
estates................................
surplus,
profits, .
.
.
.
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$72,666
15,172
935
619
7
34,900
11,800
768
10
93
50,517
99
2,783
4

00
12
55
75
00
00
00
46
42
70
33
96
42
20
08
20,205 46

For real estate loans, .
$59,550 00
share loans, .
11,950 00
dues capital (withdrawn),
22,173 00
dues capital (forfeited),
198 00
dues capital (retired), .
43,084 00
profits capital
(withdrawn),
3,075 26
profits capital (forfeited),
17 24
profits capital (retired),
10,227 50
temporary expenses,
2,283 88
93 70
forfeited shares,
profits, .
.
4 20
32 50
estates, .
.
.
.
retired shares,
50,625 88
interest, .
.
.
.
365 00
mortgages,
2,520 00
surplus, .
.
.
.
30 08
Cash on hand Oct. 31, 1896,
4,353 21

$210,583 45

$210,583 45

REPORT OF THE

86

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$221,700 00
25.200 00
11.200 00

on

R eal E state.

L oans

on

Sh a k e s .

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.
6.60
“
6.90
»

$2,800 00
200 00

7.20 per cent.
7.50
“

$6,900 00
1,900 00
250 00

6.30 per cent.
6.60
“
7.20
“

$165
158
148
138
128
118
109
100
91
83
74
66
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

•

85
68
21
09
25
70
41
41
70
19
94
95
19
69
42
38
52
85
38
10
00

17
30
37
28
26
28
13
194
240
206
480
237
531
418
325
418
518
571
637
564
579

$2,819
4,760
5,483
3,866
3,334
3,323
1,422
19,479
22,008
17,137
35,971
15,867
31,429
21,606
14,436
15,624
15,809
13,618
11,071
6,260
2,895

.

Value.

T otal

1886, .
1
2
1886, .
3
1887, •
1887, • 4
1888, .
5
1888, .
6
1889, .
7
1889, .
8
1890, .
9
1890, . 10
1891, . 11
1891, . 12
1892,. 13
1892, . 14
1893, . 15
1893, . 16
1894, . 17
1894, . 18
1895, . 19
1895, . 20
1896, . 21

Shares in
Force.

A ug.,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

Value per
Share.

D a t e op
I ssue.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

45
40
77
52
50
60
33
54
00
14
20
15
89
42
50
84
36
35
06
40
00

Dues capital, as per general ledger,
$235,534 00
Profits capital, as per
general ledger, .
30.726 42
2,278 00
Unpaid dues,

-

313 00

• $268,538 42

Total,

$268,538 42

Number of shares issued during the y e a r , ........................................1,265
Number of shares now in f o r c e , ........................................................... 6,097
Number of shares now borrowed upon....................................................... 1,555
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the y e a r , ........................................675
Number of shares forfeited during the y e a r , ................................................. 11
Number of shares retired during the year............................................................500
Highest premium received during the y e a r , ........................................................... $0 10
Lowest premium received during the year....................................................................
05
Number of members withdrawn during the year..............................................150
Present number of m e m b e r s , .................................................................................. 789
Present number of b o r r o w e r s ,...................................................................................151
Present number of non-borrowers...............................................................................638
Number o f loans secured by first mortgage of real estate,
.
.
. 146
Number of loans on s h a r e s , .................................................................................... 42
Largest loan to any one m e m b e r , ...............................................................................
5,000 00
Smallest loan to any one member.....................................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
2,283 88
Date of examination by commissioner : May 25.


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

No. 8.]

87

SAYINGS BANK COMMISSIONERS

H A V E R H IL L C O -O P E R A T IV E B A N K — H A V E R H IL L .
Incorporated Aug. 20,1877. Commenced business Sept. 3, 1877.
A mos W . D o w n in g , P r e s id e n t .
W il l ia m H . P a g e , S e c r e t a r y .
W il l ia m H . P a g e , T r e a s u r e r .

M. W

Names of security committee:
H anscom ,
F r a n k C. C a m e ,
Jackson W e b ste r .

arren

Regular meetings the first Monday of each month.

B alance Sheet Oct. 31, 1896.
A ssets,

L ia b il it ie s .

$355,350 00
Loans on real estate,
11,000 00
Loans on shares, .
15,212 58
Real estate by foreclosure, .
8,513 25
Unpaid interest,
595 05
Unpaid premiums,
371 18
Unpaid fines, .
613 63
Mortgage balance,.
Town of Bradford, M ass.,
5,000 00
n o t e , .......................................
15,000 00
City of Haverhill, M ass., 4s,
21,000 00
City o f Brockton, M ass., 4s, .
7,000 00
City of Somerville, Mass , 4s,
4,000 00
City of Quincy, Mass , 4s,
9,000 00
City of New Britain, Conn., 4s,
5,000 00
Aroostook County, M e., 4£s,*
19,398 42
Cash in hands of treasurer, .

$387,714 00
Dues capital,
78,294 03
Profits capital (all series), .
4,800 00
Guaranty fund, .
2,528 41
Surplus,
.
.
.
.
731 23
Forfeited share account,
2,986 44
Matured share account,

$477,054 11

$477,054 11

* A legal investment when made.

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
R e c e ip t s .

D is b u k s e m e n t s .

$102,522 00
From dues capital,
interest,
26,047 37
1,652 25
premiums, .
813 30
fines, .
9 25
transfer fees,
78,150 00
real estate loans repaid,
19,100 00
share loans repaid,
815 61
withdrawal profits,
51 07
forfeiture profits, .
509 97
forfeited shares, .
3,443 84
real estate, .
51,661 55
retired shares,
28,584 73
matured shares, .
20,000 00
loan,
.
.
.
.
13,000 00
bonds, .
.
.
.
240 00
sale of safe, .
1 11
profits account, .
17 22
mortgage balance,
26,272 81
Cash on hand Oct. 31,1895, .

$51,100 00
For real estate loans, .
19,400 00
share loans, .
53,330 00
dues capital (withdrawn),
2,174 00
dues capital (forfeited),
43,705 00
dues capital (retired), .
23,746 00
dues capital (matured),
profits
capital (withdrawn),
.
.
.
8,157 22
510 70
profits capital (forfeited),
10,731 21
profits capital (retired),
10,964 96
profits capital (matured),
2,502 25
temporary expenses,
1 11
surplus, .
.
.
.
882 34
forfeited shares,
25,000 00
loan,
.
.
.
.
604 64
mortgage balance,
10,336 72
real estate,
bonds and interest,
13,087 67
51,661 55
retired shares,
25,598 29
matured shares,
.
19,398 42
Cash on hand Oct. 31, 1896,

$372,892 08

$372,892 08


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

88

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

on

R eal E state.

L oans

on

Sh a k e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$297.200 00
39,700 00
11,400 00

6.30 per cent.
6.60
“
6.90
“

$4,700 00
2,350 00

7.20 per cent.
7.50
“

$11,000 00

6.30 per cent.

1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

$187
175
164
153
142
132
122
112
103
94
85
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

76
92
51
42
76
43
47
84
53
54
84
42
24
31
64
22
01
04
28
69
31
08

Total
Value.

N o v .,
M ay,
Now.,
M ay,
N ov.,
M ay,
N ov,,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force

D ate of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

103
121
113
125
99
189
285
309
130
157
516
443
398
486
262
609
473
624
446
731
1,062
551

$19,339
21,286
18,589
19,177
14,133
25,029
34,903
34,867
13,458
14,842
44,293
34,297
27,557
29,796
14,053
28,147
18,451
19,992
11,274
13,662
13,073
3,350

28
32
63
50
24
27
95
56
90
78
44
06
52
66
68
98
73
96
88
39
22
08

Dues capital, as per general ledger,
$387,714 00
Profits capital, as per
general ledger, . * .
78,294 03
Unpaid dues,
7Ì812 00

240 00
$473,820 03

Total,

$473,820 03

Number of shares issued during the y e a r , .......................................
1,808
Number of shares now in f o r c e , ...........................................................
8,232
Number of shares now borrowed upon.......................................................
2,056
Largest number of shares held by any one member,
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,568
Number of shares forfeited during the y e a r , .......................................
65
Number o f shares retired during the y e a r , .......................................
513
Number of shares matured during the year..............................................
174
Highest premium received during the y e a r , .......................................
Lowest premium received during the y e a r , ........................................
.
Number of members withdrawn during the year....................................
189
Present number of m e m b e r s ,.....................................................................
1.155
Present number of borrowers..........................................................................
289
Present number o f n o n -b o rro w e rs,...........................................................
866
Number of loans secured by first mortgage of real estate,
251
Number of loans on s h a r e s , .....................................................................
38
Largest loan to any one m e m b e r , ...........................................................
Smallest loan to any one m e m b e r , ...........................................................
.
Amount of expenses of the corporation for the year ending Oct. 31, 1896 >
•
Date of examination by commissioner : May 19.


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

$0 05
05

5,000 00
50 00
2,502 25

No. 8.]

89

SAVINGS BANK COMMISSIONERS.
♦

H E N R Y W IL S O N C O -O P E R A T IV E B A N K
Incorporated Oct. 23, 1886.

—

N A T IC K .

Commenced business Nov. 12, 1886.

John R . A d a m s , P r e s id e n t .
H arvey H . W

E e d ix T . T u r n e r , S e c r e ta r y .'
h it n e y , T r e a s u r e r .

Names of security committee :
C. E . M oody ,
J. E . SWEETLAND,
H . H . W h it n e y ,
E d w a r d M cM a n u s ,
F . C. P e r r y .
Regular meetings the second Friday of each month.
B

alance

Sh e e t O c t.

31, 1896.

L ia b il it ie s .

A ssets.

1
$125,600 00
Loans on real estate,
7,050 00
Loans on shares, .
218 25
Permanent expense account,
27,375 00
Real estate by foreclosure, .
Unpaid interest,
1,657 85
149 00
Unpaid premiums,
190 73
Unpaid fines, .
.
.
.
1,300 00
Real estate investment, .
23,966 27
Cash in hands of treasurer, .

$151,848 00
Dues capital,
33,853 79
Profits capital (all series), .
900 00
Guaranty fund, .
805 57
Surplus,
.
.
.
.
99 74
Forfeited share account,

$187,507 10

$187,507 10

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,
forfeited shares, .
expense on real estate,
rents, .
.
.
.
profit and loss (gain on
real estate),
real estate resold,
Cash on hand Oct. 31, 1895, .


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

$35,095
9,360
678
318
2
33,200
3,250
552
3
81
359
568

00
85
91
34
75
00
00
74
96
36
31
43

200 00
4,450 00
1,704 32

$89,725 97

$22,450 00
For real estate loans, .
2,600 00
share loans, .
12,766 00
dues capital (withdrawn),
72 00
dues capital (forfeited),
3,608 00
dues capital (retired), .
profits
capital (with2,186 78
drawn),
15 84
profits capital (forfeited),
1,049 50
profits capital (retired),
725 96
temporary expenses,
18 25
permanent expenses,
754 77
surplus account, .
1.512
60
expense on real estate, .
16,700 00
real estate by foreclosure,
real estate (investment
1,300 00
account), .
23,966 27
Cash on hand Oct. 31, 1896,
$89,725 97

90

EEPOET OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$115,300 00
6,400 00
800 00

on

R eal E state.

L oans

on

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.
6.60
«
6.90
“

$1,000 00
1,350 00
750 00

7.20 per cent.
7.50
“
7.80
“

$6,100 00
950 00

6.30 per cent.
6.60

1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891.
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1

2
3
4
5
6
7
8

9
10
11
12
13
14
15
16
17
18
19
20

$163
152
142
132
122
112
103
94
85
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

50
68
25
09
26
72
49
56
91
51
39
50
86
40
17
15
34
72
30
07

Total
Value.

N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov .,
M ay,

Shares in
Force.

D a t e of
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

184
105
130
54
90
86
108
100
122
109
51
149
164
119
140
202
269
379
239
243

$30,084
16,031
18,492
7.132
11,003
9,693
11,176
9,456
10,481
8,448
3,538
9,163
8,833
5,521
5,483
6,494
6,816
7,094
2,939
1,475

•

00
40
50
86
40
92
92
00
02
59
89
50
04
60
80
30
46
88
70
01

Dues capital, as per general ledger,
$151,848 00
Profits capital, as per
general ledger, .
33,853 79
Unpaid dues,
3,711 00

51 00
$189,412 79

Total,

$189,412 79

Number of shares issued during the year,
.
, 513
Number o f shares now in force,
.
.
.
.
3,043
Number o f shares now borrowed upon,
854
Largest number of shares held by any one member,
25
Number of shares withdrawn during the year,
402
Number of shares forfeited during the year, .
6
Number of shares retired during the year,
39
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .
64
Present number of members, .
.
.
.
.
399
Present number of borrowers............................................
116
Present number o f n o n -b o rro w e rs,.......................................
283
Number of loans secured by first mortgage of real estate,
114
Number of loans on s h a r e s , .......................................
55
Largest loan to any one member......................................
Smallest loan to any one member, .
.
.
.
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: January 31.


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

$0 20
05

4,000 00
10 0 00

725 96

No. 8.]

91

SAYINGS BANK COMMISSIONERS.

H IN G H A M C O -O P E R A TIV E B A N K — HEN"GHAM.
Incorporated June 1, 1889.
E bed L . R ip l e y , P r e s id e n t .
W

a l t er

Commenced business June 5, 1889.

W a l t e r B . F oster , S e c r e t a r y .
B. F oster , T r e a s u r e r .

Names of security committee:
C. S u m n er C u sh in g ,

S tetson F oster ,

E . W aters B u r r ,
F ran cis M . R i p l e y ,
E d w ar d W . B artlett.
Regular meetings the first Wednesday o f each month.
B a la n c e Sh e e t O c t .

31, 1896.

L ia b il it ie s .

A sse ts.

$149,450 00
Loans on real estate,
7,950 00
Loans on shares, .
421 25
Permanent expense account,
2,144
40
Real estate by foreclosure, .
Unpaid interest,
372 75
19 80
Unpaid premiums,
52 90
Unpaid f i nes, .
.
.
.
3,429 05
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

.

$139,099
23,779
353
452
156

00
02
28
63
22

$163,840 15

$163,840 15

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
foreclosure expenses, .
Cash on hand Oct. 31, 1895, .


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

00
85
51
38
25
26
00
62
91
60
00
55

$39,582 00
For real estate loans, .
4,850 00
share loans, .
12,986 00
dues capital (withdrawn),
213 00
dues capital (forfeited),
6,877 00
dues capital (retired), .
profits capital
(with1,771 97
drawn),
.
.
.
16 31
profits capital (forfeited),
1,431
97
profits capital (retired),
813 87
temporary expenses,
138 05
permanent expenses,
114 31
interest on retired shares,
2,144 40
real estate,
3,429 05
Cash on hand Oct. 31, 1896,

$74,367 93

$74,367 93

$39,196
8,885
494
183
3
20,667
2,100
440
3
155
16
2,221

92

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Bates of Interest.
L oans

Amount.
$143,500 00
3,350 00

on

R eal E state.

L oans

on

Sh a k e s .

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.
6.60
“

$2,600 00

6.90 per cent.

$7,750 00
200 00

6.30 per cent.
7.80
“

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

$113
105
96
87
78
70
62
54
46
39
32
25
18
12
6

21
39
29
41
80
43
34
51
91
57
44
55
87
39
10

Total
Value

June,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D a t e of
I ss u e .

Value per
Share.

Series.

Beconciliation of Share Account with Dues and Profits Capital.

205
106
135
131
216
214
364
179
154
181
344
161
260
282
355

$23,208
11,171
12.999
11,450
17,020
15,072
22,691
9,757
7,224
7,162
11,159
4,113
4,906
3,493
2,165

Dues paid in advance, .
Total,

05
34
15
71
80
02
76
29
14
17
36
55
20
98
50

Dues capital, as per general ledger,
$139,099 00
Profits capital, as per
general ledger, .
23,779 02
Unpaid dues,
786 00

68 00
$163,664 02

Number of shares issued during the year,
Number of shares now in force,
.
.

.

Total,

$163,664 02

. 697
3,287

.

Number of shares now borrowed upon, .
Largest number o f shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .
Present number of m e m b e r s ,........................................
Present number of b orrow ers,.......................................
Present number of non-borrowers, .
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on shares.................................................
Largest loan to any one member,
.
.
.
.
Smallest loan to any one member, .
.
.
.

•
•

1,087
.
25
. 428
.
27
.
91
•
•
•
.
.
87
. 446
. 138
. 308
. 128

•
•
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : September 21.


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

•
.

$0 05
05

5,000 00
50 00
890 67

No. 8.]

93

SAYINGS BANK COMMISSIONERS.

H O LBROOK C O -O P E R A T IV E B A N K — HOLBROOK.
Incorporated May 11, 1888.

Commenced business June 11, 1888.

E ugene S n e l l , P r e s id e n t .

G eorge T . W
G eorge T . W

il d e , S e c r e t a r y .

il d e , T r e a su r e r .

Names of security committee:
Z . A . F rench,
A . C. H olbrook ,
C h ar les E . M oore .
Regular meetings the second Tuesday of each month.

B alance Sheet O ct. 31, 1896.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
.
.
.
Unpaid fines, .
Interest pai d, .
.
.
.
Cash in hands of treasurer, .

$38,700
2,575
79
597
31
65
21
1,312

00
00
28
00
10
92
11
87

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , ........................................
Transfer fees,
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus,
.
.
.
.
Profit and loss,
.

$43,382 28

$33,878
6,643
1,252
68
107
87
3
180
1,131
30

00
13
16
20
22
25
95
49
00
80
08

$43,382 28

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
real estate by foreclosure,
.
.
Cash on hand Oct. 31, 1895, .


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

$8,523
2,452
136
197
7,050
1,540
153
3
130

00
88
00
96
25
00
00
32
49
49

1,538 49
1,813 03

$23,538 91

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired), .
profits capital
(withdrawn),
profits capital (forfeited),
profits capital (retired),
temporary expenses,
forfeited shares,
interest on retired shares,
real estate by foreclosure,
Cash on hand Oct. 31, 1896,

$8,550
1,750
4,975
120
3,390

00
00
00
00
00

687
13
927
151
130
21
1,508
1,312

77
98
50
78
49
11
41
87

$23,538 91

94

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

on

K eal E st a te .

L oans

on

Sh ak es.

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$37,500 00

6.30 per cent.

$1,200 00

6.60 per cent.

$2,575 00

6.30 per cent.

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

$127
118
109
100
91
83
74
66
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

50
07
03
10
42
00
80
86
16
66
39
33
48
83
37
10
00

Total
Value.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

Shares In
Force.

June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

Series.

Date op
JSSUK.

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

114
83
8
21
8
10
28
30
10
33
23
14
31
53
54
66
95

$14,535
9,799
872
2,102
731
830
2,094
2,005
591
1,704
1,020
522
944
1,262
937
732
475

00
81
24
10
36
00
40
80
60
78
97
62
88
99
98
60
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

6,643 13
655 00

12 00
$41,176 13

Total,

Number of shares issued during the year,
.
.
.
.
N umber of shares notv in f o r c e , .................................................
Number of shares now borrowed u p o n , ........................................
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
.
.
.
Number of shares retired during the year.......................................
Highest per centum of interest received during the y ea r: 6 3-10.
Lowest per centum of interest received during the year: 6 3-10.
Number of members withdrawn during the year, .
Present number of m e m b e r s ,...........................................................
Present number of b orrow ers,...........................................................
Present number of n o n -b o rro w e rs,.................................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , ...........................................................
Largest loan to any one m e m b e r , .................................................
Smallest loan to any one m e m b e r , .................................................

$41,176 13

.

.
.

205
681

.

.
.
.
.

264
25
198
6
35

.
.
.
.
.
.

21
145
54
91
44
10

•
•
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : M ay 8.


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

$33,878 00

•

$3,000 00
25 00
165 78

No. 8.]

SAVINGS BANK COMMISSIONERS

95

H O LY O K E C O -O P E R A TIV E B A N K — H O LY O K E .
Incorporated July 24,1880.

Commenced business Aug. 25,1880.

Joseph W . M oore , P r e s id e n t .
D w ig h t 0 . Ju d d , S e c r e ta r y .
D w ig h t 0 . J u d d , T r e a s u r e r .
Names of security committee:
John H . M ontgom ery ,
T homas W . D o y l e ,
W . H . B u l l ar d .
Regular meetings the fourth Wednesday of each month.

B alance Sheet Oct. 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$205,550 00
Loans on shares, .
10,500 00
Permanent expense account,
153 93
Unpaid interest,
1,191 65
Unpaid premiums,
20 12
Unpaid f i nes, .
.
.
.
56 86
Unpaid dues, .
.
.
.
1,842 00
Furniture account,
414 50
Cash in hands of treasurer, .
8,923 26

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

.

$228,652 32

$190,485
35,955
912
1,265
34

00
40
59
28
05

$228,652 32

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
R e c e ip t s .

D is b u r s e m e n t s .

From dues capital,
$56,835 00
interest,
12,589 10
premiums, .
109 04
fines,
.
.
.
.
495 30
transfer fees,
4 50
real estate loans repaid,
30,707 38
share loans repaid,
13,500 00
withdrawal profits,
458 24
forfeiture profits, .
21 35
forfeited shares, .
367 14
general expense account,
46 50
real estate account,
3,773 54
Cash on hand Oct. 31, 1895, .
8,471 62

For real estate loans, .
$51,650 00
share loans, .
8,850 00
dues capital (withdrawn),
18,703 00
dues capital (forfeited),
413 00
dues capital (retired), .
13,409 00
dues capital (matured),
10,152 00
profits capital
(withdrawn),
1,827 67
profits capital (forfeited),
50 07
profits capital (retired),
4,174 66
profits capital (matured),
4,294 32
temporary expenses,
1,434 69
permanent expenses,
112 90
forfeited shares,
377 14
furniture account, .
14 50
real estate account,
2,338 70
interest on retired and
matured shares,.
653 80
Cash on hand Oct. 31, 1896,
8,923 26

$127,378 71

$127,378 71


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

(

96

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

6.00 per cent.
6.06
“
6.18
“
6.30
»
6.36
“
6.42
«
6.48
“
6 54
“
6.60
“

00
00
00
00
00
00
00
00
00

L oans

R eal E state.

Amount.

Rate.

Amount.
$182,10«
1,000
3,200
6,900
200
2,000
1,500
1,000
600

on

$1,000
350
2,600
1,600
900
500
100

Rate.

Amount.

00 6.90 per cent.
“
00 6.96
00 7.20
“
“
00 7.38
“
00 8.40
00 9.36
“
“
00 10.68

$8,000
700
300
300
450
200
100
250
200

00
00
00
00
00
00
00
00
00

on

Sh ak es.

Rate.
6.00 per cent.
6.12
“
6.30
«
6.90
“
7.20
“
7.56
“
8.70
«
9.00
«
9.60
“

1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32

$197
185
174
163
152
142
132
122
113
103
94
86
77
69
61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,


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

55
80
43
36
79
35
32
56
09
88
96
28
86
69
76
07
58
32
27
43
79
34
08

Total
Value.

M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
Nov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D ate of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

10
42
62
42
41

$1,975
7,803
10,814
6,861
6,264
9,395
12,173
13,236
7,463
12,050
12,439
12,942
8,331
11,707
20,133
13,625
11,412
5,819
11,681
9,688
8,417
8,243
3,793

66

92
108
66
116
131
150
107
168
326
252
245
148
362
381
448
668
624

50
60
66
12
39
10
44
48
94
08
76
00
02
92
76
64
10
36
74
83
92
12
92

Dues capital, as per general ledger,
$190,485 00
Profits capital, as per
general ledger, .
35,955 40

165 00
$226,440 40

Total,

$226,440 40

No. 8.]

SAYINGS BANK COMMISSIONERS.

97

Number of shares issued during the y e a r , ........................................1,524
Number of shares now in f o r c e , ........................................................... 4,655
Number of shares now borrowed u p o n , ................................................. 1,333
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ....................................... 795
Number of shares forfeited during the y e a r , ................................................. 23
Number of shares retired during the year,
.
.
.
.
.
.
121
Number of shares matured during the y e a r , ................................................. 72
Highest per centum of interest received during the year: 10.68.
Lowest per centum of interest received during the y ea r: 6.
Number o f members withdrawn during the year.............................................156
Present number of m e m b e r s ,.................................................................................. 721
Present number of b orrow ers,.................................................................................. 224
Present number o f n o n -b o rro w e rs,........................................................................ 497
Number of loans secured by first mortgage of real estate,
.
.
. 182
Number o f loans on s h a r e s , .................................................................................... 42
Largest loan to any one m e m b e r , .............................................................................. $4,500 00
Smallest loan to any one member....................................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
1,423 24
Date of examination by commissioner: M ay 21.


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

98

REPORT OF THE

[Pub. Doc,

HOM E C O -O P E R A T IV E B A N K — W O R C E S T E R .
Incorporated June 10, 1882.

Commenced business June 16, 1882.

E . H . T o w n e , P r e s id e n t .

T . J. H a st in g s , S e c r e t a r y .
T . J H a stin g s , T r e a s u r e r .
Names of security committee :

D a n ie l P a u l in ,
D . C. L e o n a r d ,
E . J. B a r d w e l l .
Regular meetings the Friday preceding the third Monday of each month.
B a l a n c e Sh e e t O c t.

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$362,000 00
Loans on shares, .
20,120 00
Temporary expense account,
710 58
Mortgage note,
3,300 00
Cash in hands o f treasurer, .
6,207 83

Dues capital,
$318,633 00
Profits capital (all series), .
59,373 26
Interest,
.
.
.
.
6,601 16
F i n e s , .......................................
382 11
Transfer fees,
9 00
Guaranty fund, .
2,050 00
Surplus,
.
.
.
.
5,231 11
Forfeited share account,
58 77

$392,338 41

$392,338 41

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
expense account,.
real estate, .
profit and loss,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$86,631
24,339
926
18
72,200
13,900
698
1
38
70
5,999
143
15,902

00
49
42
00
00
00
02
80
11
00
86
41
28

For real estate loans, .
$56,100 00
share loans, .
10,970 00
dues capital (withdrawn),
46,136 00
dues capital (forfeited),
138 00
dues capital (retired), .
42,683 00
dues capital (matured),
21,942 00
profits
capital
(withdrawn),
8,658 01
profits capital (forfeited),
5 70
11,411
80
profits capital (retired),
10,472 S9
profits capital (matured),
temporary expenses,
1,736 94
forfeited shares,
20 11
interest, .
.
.
.
291 94
real estate,
4,077 17
profit and loss,
17 00
Cash on hand Oct. 31, 1896,
6,207 83

$220,868 39

$220,868 39

No. 8.]

99

SAYINGS BANK COMMISSIONERS

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$235,650
49,500
24,200
11,800
18,100
9.400
3.400
2,000

00
00
00
00
00
00
00
00

on

Rate.
6 per cent.
6&
6Ï
“
61
“
6*
6*
“
6|
7
“

L oans

R eal E state.

Amount.

Amount.

Rate.

$6,050 00
100 00
1,800 00

per cent.

71

“

$13,220
3,060
1,750
525
165
500
850
50

00
00
00
00
00
00
00
00

on

Sh a r e s .

Rate.
6 per cent.
6*
61
68
“
68
“
61
7
81

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

$196
184
172
161
150
140
129
120
110
101
92
83
75
67
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,


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

32
31
70
48
56
02
85
00
49
26
36
75
42
35
53
93
57
44
54
86
38
10
00

Total
Value.

1885, .
1885, .
1886, .
1886, .
1887, .
1887,.
1888, .
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1891, .
1894, .
1895, .
1895, .
1896, .

Shares in
Force.

June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,

Series.

D a te of
I ssue.

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

109
81
100
74
78
64
27
125
180
166
313
331
315
444
438
426
261
499
560
713
444
579
596

$21,398
14,929
17,270
11,949
11,743
8,961
3,505
15,000
19,888
16,809
28,908
27,721
23,757
29,903
26,074
22,122
11,632
18,682
17,102
17,012
7,716
6,426
2,980

88
11
00
52
68
28
95
00
20
16
68
25
30
40
14
18
77
56
40
18
72
90
00

Dues capital, as per gen$318,633 00
eral ledger,
Profits capital, as per
59,373 26
general ledger, .
3,744 00
Unpaid dues,

254 00
$381,750 26

Total,

$381,750 26

100

REPORT OF THE

[Pub. Doc.

Number of shares issued during the y e a r , ........................................
Number of shares now in f o r c e , ...........................................................
Number of shares now borrowed upon.......................................................
Largest number of shares held by any one member,
Number of shares withdrawn during the y e a r ,.......................................

1,322
6,923
2,310
.
25

Number of shares forfeited during the year..............................................
Number of shares retired during the y e a r , ........................................
Number of shares matured during the y e a r , .......................................
Highest per centum of interest received during the year: 7|.
Lowest per centum of interest received during the year : 6.
Number o f members withdrawn during the year....................................
.....................................................................
Present number of members,
Present number of b o r r o w e r s ,.....................................................................
Present number of non-borrowers.................................................................

.

1,171
14

. 487
. 159

.
.
.
.

168
793
223
570

Number o f loans secured by first mortgage of real estate,
. 206
Number of loans on s h a r e s , .....................................................................
.
77
Largest loan to any one m e m b e r , ...........................................................
.
Smallest loan to any one member..................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : March 26.


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

$5,000 00
50 00
1,716 94

No. 8.]

101

SAYINGS BANK COMMISSIONERS

/

H O M E STE AD C O -O P E R A TIV E B A N K — BOSTON.
Incorporated Sept. 11, 1877.
W

alter

Commenced business Sept. 12, 1877.

H . R oberts , P r e s id e n t .
D a n ie l E l d r e d g e , S e c r e t a r y .
D a n ie l E l d r e d g e , T r e a s u r e r .
Names of security committee:
Jam es M . S im pson ,
John D. C a m p b e l l ,
W il l is S. M ason ,
John K . F e l l o w s ,
W a lt er H . R oberts .
Regular meetings the second Wednesday of each month.
B a l a n c e Sh e e t O c t .

31, 1896.
L ia b il it ie s .

A ssets.

$393,350 00
Loans on real estate,
17,450 00
Loans on shares, .
350 00
Temporary expense account,
5,229 03
Real estate by foreclosure,
.
Unpaid interest,
2,517 50
198 40
Unpaid premiums,
202 42
Unpaid fines, .
.
.
.
5,200 00
Mortgages,
.
.
.
.
Cash in hands of treasurer, .
3,887 64

$342,749 00
Dues capital,
72,143 71
Profits capital (all series), .
3,986 69
Interest,
.
323 00
Premiums, .
.
.
.
188 78
F i n e s , .......................................
Transfer fees,
3 50
Withdrawal profits,
287 74
2,528 73
Guaranty fund, .
5,459 49
Surplus,
.
.
.
.
Forfeited share account,
330 47
383 88
Retired share account,

$428,384 99

$428,384 99

Detailed Statement of Receipts and Disbursements for the Year eliding
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
retired shares,
mortgages, .
estates, .
.
.
.
surplus,
mortgage balance,
matured shares, .
Cash on hand Oct. 31, 1895, .


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

$88,707
23,743
1,951
1,104

00

87
80
64

12 00

76,300 00
15,600 00
1 ,202 11

76
255
29,440
6,005
10,942

54
90
22
00

29

2 00
47 02

6,865 28
14,975 85

$277,231 52

$124,650 00
For real estate loans, .
18,350 00
share loans, .
dues capital (withdrawn),
26,177 00
1,134 00
dues capital (forfeited),
26,084 00
dues capital (retired), .
10,564 00
dues capital (matured),
profits capital
(with4,809 05
drawn),
225 76
profits capital (forfeited),
7,702 60
profits capital (retired),
5,012 33
profits capital (matured).
2,312 03
temporary expenses,
interest, .
.
.
.
540 17
255 90
forfeited shares,
2 00
dues,
.
.
.
.
7,556 40
estates, .
.
.
.
29,056 34
retired shares,
6,865 28
matured shares,
47 02
mortgage balance,
2 ,0 0 0 0 0
mortgages,
.
Cash on hand Oct. 31, 1896,
3,887 64
$277,231 52
%

102

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

00
00
00
00

L oans

K eal E st a te .

on

Sh a r k s .

Kate.

Amount.

Kate.

Amount.

Kate.

6.30 per cent.
6.60
6.90
7 .2 0
“

$5,600 00
4,050 00
800 00

7.50 per cent.
7.80
8 .1 0
“
8.70

$15,150 00
1,400 00

6.30 per cent.
6.60
«
6.90
7 20
“

Amount.
$278,150
61,750
27,200
15,600

on

2 0 0 00

2 0 0 00
700 00

17
18
19
20
21
22

23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

$197
185
173
161
150
139
128
118
109
99
90
81
73
64
56
49
41
34
27
20
14

8 11
2 00

Dues paid in advance, .
Total,

67
22
17
54
31
46
96
85
05
61
48
65
11
87
91
21
78
59
65
92
41

Total
Value.

1885, .
1886, .
1886, .
1887, .
1887, .
1888, .
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896,.

Shares in
Force.

S e p t,
Mar.,
Sept ,
Mar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,

Value per
Share.

D a te of
I ss u e .

Series.

Reconciliation of Share Account with Dues and Profits Capital.

24
50
41
71
45
130
319
286
305
291
251
257
411
541
365
316
343
540
519
689
642
736
630

$4,744
9.261
7,099
11,469
6,763
18,129
41,138
33,991
33,260
28,986
22,710
20,984
30,048
35,094
20,772
15,550
14,330
18,678
14,350
14,413
9,251
5,968
1,260

08
00
97
34
95
80
24
10
25
51
48
05
21
67
15
36
54
60
35

Dues capital, as per gen$342,749 00
eral ledger,
Profits capital, as per
general ledger, .
72,143 71
3,822 00
Unpaid dues,

88

22
96
00

457 00
$418,714 71

Total,

$418,714 71

Number o f shares issued during the year..................................................1,660
Number of shares now in f o r c e , ...........................................................7,802
Number of shares now borrowed u p o n , ................................................. 2,343
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................737
Number of shares forfeited during the y e a r , ................................................. 44
Number of shares retired during the year.......................................................... 280
Number of shares matured during the y e a r , ................................................. 78
Highest premium received during the y e a r , ........................................................... $0 10
Lowest premium received during the y e a r , ...........................................................
05
Number of members withdrawn during the y e a r , ........................................151
Present number of members........................................................................................ 952
Present number of borrowers, .................................................................................. 259
Present number of non-borrowers............................................................................. 693
Number o f loans secured by first mortgage of real estate,
.
.
. 251
Number of loans on s h a r e s , .................................................................................... 66
Largest loan to any one m e m b e r , ..............................................................................
4,800 00
Smallest loan to any one m e m b e r , ..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
2,312 03
Date of examination by commissioner : May 25.


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

No. 8.]

SAYINGS BANK COMMISSIONERS

103

H O U SATO N IC C O -O P E R A TIV E B A N K — G R EAT
B A R R IN G T O N .

Incorporated June 12, 1889.
N a t h a n ie l W

Commenced business July 1 , 1889.

a r n e r , P r e s id e n t .

John F . Ba il e y , S e c r e t a r y .
M ic h a e l J. L e a h y , T r e a su r e r .

Names of security committee :
F . M . M oore ,
E . S. T h at c h e r ,
R . H . M cD o n a l d .

Regular meetings the first Monday of each month.

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

A ssets.

Loans on real estate,
Loans on shares, .
Unpaid interest,
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

|15,375
1,450
30
638

00
00
85
75

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.

$17,494 60

$14,771
2,539
94
89

00

41
21
98

$17,494 60

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

R e c e ip t s.

From dues capital,
interest,
fines, .
.
.
.
transfer fees,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$4,011 00
935 48
19 10
25
800 00
148 60
1,130 11

$7,044 54

For real estate loans, .
share loans, .
dues capital (withdrawn),
profits capital
(withdrawn),
.
.
.
temporary expenses,
forfeited shares,
Cash on hand Oct. 31, 1896,

$500 00
1,050 00
4,055 00
526 01
261 98
12 80
638 75
$7,044 54

104

REPORT OP THE

[Pub. Doc,

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$ 1 ,0 0 0
600
4,525
3,400

00
00

00
00

on

R eal E st a te .

L oans

Rate.

Amount.

5.00 per cent.
5.25
“
5.50
“
5.75
“

$4,300 00

6 .0 0

1 ,0 0 0 0 0

6.25
6.50
6.75

Rate.

350 00
2 0 0 00

on

Sh ares.

Rate.

Amount.

per cent.

$500 00
200 00

“

750 00

5.00 per cent.
5.50
“
6 .0 0
“

1889,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2

4
5

$107
99
82
74

6

66

7

58
51
44
37
30
23
12

8

9
10
11
12

13
14

74

93
50
55
48
69
99
51
21
09
14
37
42

10
12
11
21
20

3
29
30
10
20

39
41

6 12

Dues paid in advance, .
Total,

•

*

Total
Value.

Shares in
Force.

Series.

D a te of
Issue.

July,
Jan.,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

$7,986
995
990
819
1,400
1,179
154
1,282
1,112
301
467
484
250

82
00
60
28
49
80
53
09
70
40
40
38
92

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$14,771 00
2,539 41
124 00

9 00
•

•

$17,434 41

Total,

$17,434 41

Number of shares issued during the y e a r , ................................................. 114
Number of shares now in f o r c e , .....................................................................320
Number of shares now borrowed u p o n , ........................................................... 128
Largest number of shares held by any one member,
.
.
.
.
10
Number of shares withdrawn during the y e a r , ........................................131
Highest per centum of interest received during the year: 6 ^.
Lowest per centum of interest received during the y e a r: 5.
Number of members withdrawn during the y e a r , ........................................41
Present number of m e m b e r s ,.....................................................................................76
Present number of b o r r o w e r s ,.................................................................................... 32
Present number of n o n -b o r r o w e r s ,...........................................................................44
Number of loans secured by first mortgage of real estate,
.
.
.
19
Number of loans on s h a r e s , .....................................................................................13
Largest loan to any one m e m b e r , .............................................................................. $2,000 00
Smallest loan to any one m e m b e r ,...............................................................................
50 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
.
261 98
Date o f examination by commissioner : September 29.


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

No. 8.]

SAYINGS BANK COMMISSIONERS

105

H U D SO N C O -O P E R A T IV E B A N K — H U DSON.

Incorporated Oct. 22, 1885.
A . T . K n ig h t , P r e s id e n t .
’

Commenced business Nov. 19, 1885.
C.

H . H il l , S ecreta ry.

C. E . H a l l , T r e a su r e r .

Names of security committee:
R . H e n r y H apgoob ,
Ch a s . F . W
F rank E . B row n.

elch,

Regular meetings the third Thursday of each month.

B a la n c e Sh ee t O ct.

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$196,150 00
Loans on shares, .
7,350 00
Permanent expense account,
2 00 00
Real estate by foreclosure, .
8,950 71
Unpaid interest,
1,894 75
T ax title account, .
128 61
Cash in hands of treasurer, .
5,023 37

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

.

$219,697 44

$181,801
35,903
1,238
744
9

00

89
72
53
30

$219,697 44

Detailed Statement of Receipts and Disbursements for the Year endina
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeited shares, .
rents, .
.
.
.
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$51,747
11,521
198
487
40,350
8,050
775
301
335
330

00
71
53
10

00
00
46
73
50
40

For real estate loans, .
$42,350 00
share loans, .
6,600 00
dues capital (withdrawn),
24,187 00
dues capital (forfeited),.
8 00
dues capital (retired), .
19,681 00
profits capital (withdrawn),
3,095 58
profits capital (retired),
5,401 44
temporary expenses,
829 55
forfeited shares,
747 60
real estate,
6,045 28
tax titles,
128 61
Cash on hand Oct. 31, 1896,
5,023 37

$114,097 43
$114,097 43

REPORT OF THE

106

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

on

E e al E st a te .

$172,800 00
15,300 00
6,050 00
1 ,2 0 0 00

Kate.

Amount.

7.50 per cent.

$6,550 00
450 00
150 00

Amount.

Kate.

Amount.

L oans

6 .0 0
6 30

per cent.

6.60
6.90

“
“

$800 00

2 0 0 00

on

Sh a k e s .

Kate.

6 .0 0

6.30
6.60
7.50

per cent.
“
«
«

N o v ., 1885,
M ay, 1 8 8 6 ,
N o v ., 1886,
M ay, 1 8 8 7 ,
N o v ., 1887,
M ay, 1 8 8 8 ,
N o v . , 1888 ,
M ay, 1 8 8 9 ,
N o v ., 1889,
M ay, 1 8 9 0 ,
N o v ., 1890,
M ay, 1 8 9 1 ,
N o v ., 1891,
M ay, 1 8 9 2 ,
N o v ., 1892,
M ay, 1 8 9 3 ,
N o v . , 1 893 ,
M ay, 1 8 9 4 ,
N ov., 1 8 9 4 ,
M ay, 1 8 9 5 ,
N ov., 1 8 9 5 ,
M ay, 1896 ,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$188
176
165
154
144
133
123
1 14
104
95
86
78
70
61
54
46
39
32
25
18
12
6

54
53
51
67
12
89
94
19
82
71
84
29
01
97
20
66
36
29
42
79
35
09

48
22
26
21
92
99
92
116
138
154
2 03
128
145
173
2 47
198
325
2 13
404
358
684
424

Dues paid in advance, .
Total,

Total
Value.

Shares in
Force.

B a te of
Issu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

,

$ 9 ,0 4 9
3 ,8 8 3
4 ,3 0 3
3 ,2 4 8
1 3 ,2 5 9
1 3 ,2 5 5
1 1 ,4 0 2
1 3 ,2 4 6
1 4 ,4 6 5
1 4 ,7 3 9
1 7 ,6 2 8
1 0 ,0 2 1
1 0 ,1 5 1
1 0 ,7 2 0
1 3 ,3 8 7
9 ,2 3 8
1 2 ,7 9 2
6 ,8 7 7
1 0 ,2 6 9
6 ,7 2 6
8 ,4 4 7
2 ,5 8 2

92
66
26
07
04
11
48
04
16
34
52
12
45
81
40
68
00
77
68
82
40
16

Dues capital, as per general ledger,
$ 1 8 1 ,8 0 1 00
Profits capital, as per
general ledger, .
3 5 ,9 0 3 8 9
Unpaid dues,
2 ,3 1 8 0 0

327 00

•

$ 2 2 0 ,0 2 2 89

Total,

$ 2 2 0 ,0 2 2 8 9

Number of shares issued during the y e a r , ..................................................1,232
Number of shares now in f o r c e , .....................................................................4,310
Number of shares now borrowed u p o n , ............................................................1,148
Largest number of shares held by any one member,
.
.
.2 5
Number of shares withdrawn during the y e a r ,................................................. 888
Number of shares forfeited during the y e a r , ................................................. 1
Number of shares retired during the y e a r , ................................................. 221
Highest per centum of interest received during the year: 6 .
Lowest per centum of interest received during the y e a r: 6 .
Number of members withdrawn during the y e a r , ........................................44
Present number of m e m b e r s , .................................................................................. 559
Present number of b o r r o w e r s ,.................................................................................. 180
Present number of n o n -b o r r o w e r s ,........................................................................ 379
Number of loans secured by first mortgage of real estate,
.
.
. 147
Number of loans on s h a r e s , ................................................. .........
.
.3 3
Largest loan to any one member....................................................................................... $5,000 00
Smallest loan to any one m e m b e r , ..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
829 55
Date of examination by commissioner: February 28.


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

No. 8.]

SAYINGS BANK COMMISSIONERS

107

H Y D E P A R K C O -O P E R A TIV E B A N K — H Y D E P A R K .
Incorporated March 26, 1886.
G eorge M il e s , P r e s id e n t .

Commenced business M ay 5, 1886.

T homas E . F atjnce, S e c r e t a r y .
T homas E . F aitnce , T r e a su r e r .
Names of security committee:

E li B . Task er ,
H o w a r d J e n k in s ,
G eorge H a l l .
Regular meetings the first Wednesday of each month.
B alance Sh eet Oct.

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$177,350 00
Loans on shares, .
8,450 00
Permanent expense account,.
160 00
Temporary expense account,
367 02
24 56
Unpaid premiums,
237 48
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .
8,988 36

Dues capital,
Profits capital (all series),
Interest,
.
.
.
.
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

.

$195,577 42

$163,591
29,857
115
1
170
1,098
743

00
75
63
25
38
08
33

$195,577 42

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 31, 1896.

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
interest on bank deposits,
real estate by foreclosure,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$50,703
10,647
789
397
3
46,800
9,390
683

00
75
37
94
25
00
00
87
41
462 56
207 15

1,610 50
4,197 94

$125,893 74

For real estate loans, .
$52,350 00
share loans, . '
10,030 00
dues capital (withdrawn),
25,559 00
dues capital (forfeited),
412 00
dues capital (retired), .
17,451 00
profits capital
(withdrawn),
3,057 36
profits capital (forfeited),
82 61
profits capital (retired),
3,865 67
temporary expenses,
1,923 68
permanent expenses, - .
40 00
forfeited shares,
462 56
real estate by foreclosure,
1,506 27
real estate, insurance, .
17 00
real estate, expenses,
87 23
interest on retired shares,
61 00
Cash on hand Oct. 31, 1896,
8,988 36
$125,893 74

108

[Pub. Doc

REPORT OF THE

Total Amount of Loans at Specified Bates of Interest.
L oans

Amount.

on

R eal E sta te .

Amount.

Rate.

$115,100 00
48.850 00
11.850 00

L oans

$400 00
1,150 00

6.30 per cent.
6.60
“
6.90
“

on

Sh a r e s .

Rate.

Amount.

Rate.

7.20 per cent.
7.80
“

$6,320 00
2,130 00

6.30 per cent.
6.60
“

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

1
2

3
4
5
6

7
8

9
10
11
12

13
14
15
16
17
18
19

$176
158
147
136
126
117
107
98
89
80
72
64
56
48
41
34
27

88

51
40
56
96
60
47
56

212

132
274
205
2 78

324
568
340
447
357

8 10
2 00

•

$5,118
10,271
5,453
9,314
11,673
10,542
10,118
15,355
11,727
12,617
10,803
13,652
7,465
13,415
8,528
9,582
8,929
11,848
4,889
3,620
714

68

14 38

Dues paid in advance, .

29
65
37
92
90
94
156
131
156
149

20 86

20
21

Total,

50
02
38
98
89
14
64
43
52

Total
Value.

1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

Shares in
Force.

Series.

D ate of
I ss u e .

M ay,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
S e p t,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

Value per
. Share.

Reconciliation of Share Account with Dues and Profits Capital.

.
•

50
30
06
64
88

60
16
08
12
28
99
80
92
04
00

Dues capital, as per general ledger,
$163,591 00
Profits capital, as per
general ledger, .
29,857 75
Unpaid dues,
2,460 00
Profits capital overpaid,
10

66

44
48
20
70
00

267 00
$195,908 85

Total,

$195,908 85

Number of shares issued during the y e a r , ........................................1,010
Number o f shares now in f o r c e , ........................................................... 4,204
Number of shares now borrowed upon, .
........................................1,110
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 901
Number of shares forfeited during the y e a r , ................................................. 28
Number of shares retired during the year............................................................249
Highest premium received during the y e a r , ........................................................... $0
Lowest premium received during the y e a r , ...........................................................
Number of members withdrawn during the year, .
.
.
.
.
.
Ill
Present number of m e m b e r s ,.............................................................................. 589
Present number of borrowers, .
.....................................................................172
Present number of no n -bo rro w ers,..................................................................... 417
Number of loans secured by first mortgage of real estate,
.
.
. 122
Number of loans on s h a r e s , .............................................................................. 50
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r , .............................................................................. 10
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
Date of examination by commissioner : January 28.


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

10
05

4,600 00
00
1,955 68

No. 8.]

SAYINGS BANK COMMISSIONERS

109

L A F A Y E T T E C O -O P E R A T IV E B A N K — F A L L R IV E R .

*

Incorporated April 11, 1894.

Commenced business M ay 2, 1894.

John B. C h ag n o n , P r e s id e n t .
W il l ia m F . W

W

il l ia m

F. W

in t e r , S e c r e t a r y .

in t e r , T r e a s u r e r .

Names of security committee:
John B . H u a r d ,
E dm u n d R e e v e s ,
Sam uel B en o it .

Regular meetings the first Wednesday of each month.

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

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands o f treasurer, .

31, 1896.

$49,300
1,150
185
133
146
14
23
599

00
00

00
70
75
78
06
26

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , ........................................
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$48,237
1,630
1,369
139
80
43
19
32

00
79
75
51
54
45
51
00

$51,552 55

$51,552 55

Detailed Statement of Receipts and Disbursements for the Year Ending
Oct. 31, 1896.

R

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

D is b u k s e m e n t s .

e c e ip t s .

$31,972
2,251
227
128

00
32
50
41
50
7,050 00
850 00
2 2 00

354 31

$42,856 04

$31,300 00
For real estate loans, .
1,600 0 0
share loans, .
8,626 0 0
dues capital (withdrawn),
22 00
dues capital (forfeited),
profits capital
(with344 47
drawn),
1 20
profits capital (forfeited),
291 11
temporary expenses,
72 00
forfeited shares,
599 26
Cash on hand Oct. 31, 1896,
$42,856 04

110

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Bates of Interest.
L oans

on

R eal E sta te .

L oans

on

Sh a r e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$49,300 00

6.60 per cent.

-

-

$1,150 00

6.60 per cent.

M ay,
N o v .,
M ay,
N ov.,
M ay,

1894,
1894,
1895,
1895,
1896,

.
.
.
.
.

1
2

3
4
5

812
217
400
601
787

12 10
6 00

•

$25,594
5,392
7,352
7,272
4,722

24
45
00
10
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$48,237 00
1,630 79
499 00

34 00

Dues paid in advance, .
Total,

Value.

$31 52
24 85
18 38

Total

Shares in
Force.

D a te of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

•

$50,366 79

Total,

.

$50,366 79

Number o f shares issued during the y e a r , ........................................1,692
Number of shares now in f o r c e , ........................................................... 2,817
Number of shares now borrowed u p o n , .......................................................... 380
Largest number of shares held by any one member........................................ 25
Number of shares withdrawn during the y e a r , ........................................743
Number of shares forfeited during the y e a r , ................................................. 12
Highest premium received during the y e a r , ...........................................................
Lowest premium received during the y e a r , ...........................................................
Number o f members withdrawn during the y e a r , ........................................86
Present number of members......................................................................................... 274
Present number of borrowers..........................................................................................33
Present number of non-borrowers...............................................................................241
Number of loans secured by first mortgage of real estate,
.
.
.
23
Number of loans on s h a r e s , .....................................................................................10
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one member.....................................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : July 10.


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

$0 10
10

4,150 00
50 00
314 53

No. 8.]

111

SAYINGS BANK COMMISSIONERS

L A W R E N C E C O -O P E R A TIV E B A N K — L A W R E N C E .
Incorporated March 12, 1888.

Commenced business April 6 , 1888.

Ja m e s B. L y a l l , P r e s id e n t .
W il l ia m A . W

W

il l ia m

A. W

h it n e y , S e c r e t a r y .

h it n e y , T r e a s u r e r .

Names of security committee:
A ugustus M . F a y ,
C olin K e r b ,
O scar E . Sp e a r .

Regular meetings the first Friday of each month.

B a la n c e Sh ee t Oct.

31, 1896.

L ia b il it ie s .

A ssets.

$251,400 00
Loans on real estate,
7,725 00
Loans on shares, .
.
,
483 81
Permanent expense account,
224 97
Temporary expense account,
1,728 70
Unpaid interest,
164 30
Unpaid premiums,
166 78
Unpaid fines, .
.
.
.
1,640
44
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series),
Interest,
.
.
.
.
Premiums, .
.
.
.
Fines, .
. '
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

.

$219,497
37,281
1,357
132
27

00
91
17
30
95
50
386 75
1,160 0 0
3,652 84
37 58

$263,534 00

$263,534 00

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

/
00
30
95
97
50
00
00
23
45

$75,700 00
For real estate loans, .
8,625 00
share loans, .
dues capital (withdrawn),
31,547 00
18,911 00
dues capital (retired), .
profits capital
(with4,406 99
drawn),
4,845 30
profits capital (retired),
1,380 10
temporary expenses,
permanent expenses,
537 57
1,640 44
Cash on hand Oct. 31, 1896,

$147,593 40

$147,593 40

$70,810
14,514
1,238
259
2
49,450
7,000
1,102
3,215

112

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$120,150
74,800
30,300
16,550
1,800

on

Rate.

00
00
00
00

L oans

Amount.

6.30 per cent.
6.60
«
6.90
7.20
“
7.50
“

00

R ea l E sta te .

$ 2 0 0 00

8 .1 0

4,650 00
1,250 00
1,500 00

8.40
9.00
9.30
10.50

2 0 0 00

Rate.

Amount.

per cent.
“
“
“
“

$4,115
950
410
2,050

00
00
00
00

2 0 0 00

on

Sh a k e s .

Rate.
6.30 per cent.
6.60
“
7.20
“
8 .1 0
“
10.50
«

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

1
2

3
4
5
6

7
8

9
10
11
12

13
14
15
16
17
18

$135
125
116
106
97
89
80
71
63
55
48
40
33
26
19
13
7

66

16
77
75
00
37
94
77
86

19
76
57
63
91
41
11

1 00

Dues paid in advance, .
Total,

35

Total
Value.

April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct.. 1895,
April, 1896,
Oct., 1896,

Shares in
Eorce.

D a te of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

80
75
174
133
231
148
236
367
439
432
280
181
308
389
792
482
1,003
456

$10,828
9,424
20,211
14,200
22,580
13,172
18,967
26,401
27,995
24,131
13,493
7,377
10,339
10,359
15,768
6,463
7,131
456

00

50
84
41
25
00
32
98
03
52
20
56
56
07
72
62
33
00

Dues capital, as per general ledger,
$219,497 00
Profits capital, as per
general ledger, .
37,281 91
Unpaid dues,
2,610 00

87 00
$259,388 91 !

Total,

$259,388 91

Number of shares issued during the y e a r , ....................................... 1,634
Number of shares now in f o r c e , ........................................................... 6,206
Number of shares now borrowed upon................................................................ 985
Largest number o f shares held by any one member........................................ 25
Number of shares withdrawn during the y e a r , ....................................... 956
Number of shares retired during the y e a r , ................................................. 230
Highest premium received during the year................................................................... $0 75
Lowest premium received during the y e a r , ...........................................................
05
Number of members withdrawn during the y e a r , ........................................240
Present number of members,
.
.
........................................................... 756
Present number of b o r r o w e r s ,...................................................................................183
Present number of n o n -b o r r o w e r s ,........................................................................ 573
Number of loans secured by first mortgage of real estate,
.
.
.165
Number of loans on shares,
.
43
Largest loan to any one m e m b e r , ...............................................................................
5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
1,433 86
Date of examination by commissioner : February 1 1 .


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

No. 8.]

113

SAYINGS BANK COMMISSIONERS.

1 L E O M IN S T E R

C O -O P E R A TIV E B A N K — L E O M IN S T E R .

Incorporated M ay 8 , 1888.

Commenced business M ay 18, 1888.

Joel G. T y l e r , P r e s id e n t .

R obert L . Ca r t e r , S e c r e t a r y .
R obert L . Ca r t e r , T r e a s u r e r .

Names of security committee :
C h ar le s E . B ig e l o w ,
W il l a r d F . L a w r e n c e ,
H u lber t L . H a r r is .

Regular meetings the third Friday of each month.

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

31, 1896.

L ia b il it ie s .

A ssets.

$102,514 05
Loans on real estate,
3,063 00
Loans on shares, .
1,253 98
Unpaid interest,
Unpaid premiums,
77 11
Unpaid fines.................................
127 65
Cash in hands of treasurer, .
5,568 81

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.

$93,788
17,541
419
855

00
35
65
60

$112,604 60

$112,604 60

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
temporary expense account,
Cash on hand Oct. 31, 1895, .


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

$27,130
5,485
408
89

00
09
25
33
25
28,926 60
1,155 00
174 26
272 77
3,960 29

$67,601 84

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (retired), .
profits capital (withdrawn),
profits capital (retired),
temporary expenses,
interest account, .
Cash on hand Oct. 31, 1896,

$40,722
2,543
15,090
725
1,865
187
894
4
5,568

15
00
00
00
74
68

82
64
81

$67,601 8

114

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$85,047
10,650
3,050
3,067
700

on

Rate.

05
00
00
00
00

R eal E sta te .

L oans

Amount.

Rate.

on

Sh ak es.

Amount.

6.30 per cent.
6.60
“
6.90
7.20
»
8 .1 0
“

$1,768
1,070
75
50

Rate.

00
00
00
00

6.30 per cent.
6.60
“
7 .2 0
“
7.80
“
8 .1 0
“

100 00

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1

2
3
4
5
6
7
8
9
10
11
12

13
14
15
16
17

$132
122
113
104
95
86

78
69
61
54
46
39
32
25
18
12

6 10

Dues paid in advance, .
Total,

75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38

Total
Value.

M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M av,
N ov.,
M ay,
N ov .,
M ay,

Shares in
Force.

D a te op
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

138
93
40
60
76

$18,319
11,435
4,538
6,253
7,240
10,561
6,328
4,615
9,295
6,942
7,899
1,775
3,692
5,155
4,901
4,196
1,836

122

81
66

150
128
169
45
114
2 02

260
339
301

50
28
40
80
52
54
53
38
50
72
06
70
46
04
00
82
10

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$115,255 35

Total,

Number of members withdrawn during the year,
Present number of m e m b e r s ,.................................................
Present number o f b o r r o w e r s ,.................................................
Present number of n o n -b o rro w e rs,.......................................
Number of loans secured by first mortgage of real estate,
Number of loans on shares...........................................................
Largest loan to any one m e m b e r , .......................................
Smallest loan to any one member.............................................

$115,255 35

.

.

. 730
2,384
. 659
.
25
. 548

•*

8

$0 35
05
.
90
. 385
. 104
. 281
.
88
.
16

Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: April 8 .

/

17,541 35
3,926 00

268 00

Number of shares issued during the year,
Number of shares now in f o r c e , ........................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,


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

$93,788 00

4,800 00
50 00
622 05

No. 8.]

SAYINGS BANK COMMISSIONERS.

115

L O W E L L C O -O P E R A T IV E B A N K — L O W E L L .
Incorporated April 29, 1885.
A utem as B . W

Commenced business M ay 14, 1885.

oo d w o r t h , P r e s id e n t .

G eorge W . B a t c h e l d e r , S e c r e t a r y .
G eorge W . Ba t c h e l d e r , T r e a s u r e r .
Names of security committee:

Joseph L . S e d g l e y ,
C h ar le s H . B urtt ,
C aleb L . S m it h .
Regular meetings the first Friday after the tenth of each month.

Balance Sheet Oct . 31, 1896.

A ssets.

L ia b il it ie s .

$270,840 00
Loans on real estate,
14,880 00
Loans on shares, .
Permanent expense account,
60 00
875 69
Real estate by foreclosure, .
Unpaid interest,
1,937 88
206 80
Unpaid prem ium s,.
Unpaid fines, .
.
.
.
217 89
Real estate by purchase,
1,350 37
4,824 33
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.

.

$295,192 96

$241,004
52,922
893
373

00
33
54
09

$295,192 96

Detailed Statement of Receipts and Disbursements for the Year endina
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
flues,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure,
sundries,
Cash on hand Oct. 31, 1895, .


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

D isb u r se m e n t s.

$64,954
15,635
1,183
638
5
37,550
8,650

00
58
50
61
25
00
00
868 32
3 46
34 02

6,854 32
2 60
8,493 00

$144,872 66

For real estate loans. .
share loans, .
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired), .
dues capital (matured),
profits capital
(withdrawn),
profits capital (forfeited),
profits capital (retired),
profits capital (matured),
temporary expenses,
permanent expenses,
forfeited shares,
real estate by foreclosure,
interest on retired shares,
sundries,
Cash on hand Oct. 31, 1896,

$62,400
12,930
35,861
254
3,202
6,762

00
00
00
00
00
00

6,976
36
1,416
3,291
827
31
119
5,752
46
141
4,824

53
14
50
33
49
50
31
56
00
97
33

$144,872 66

\

116

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Bates of Interest.
L o a n s On R e a l E s t a t e .

Amount.
$5,250
203,800
40,850
8,400

Rate.

00
00
00
00

L oans

Amount.

6 .0 0

per cent.

6.30
6.60
6.90

»
“

$11,300
500
140
600

Rate.

00
00
00
00

Amount.

7.20 per cent.
7.50
»
7.80
“
8 .1 0
“

$10,380
2,420
1.040
1.040

00
00
00
00

on

Sh ar e s.

Rate.
6.30 per cent.
6.60
“
6.90
“
7 .2 0
«

N ov.,
M ay,
N o v .,
M ay,
N o v .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
Nov ,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov ,
M ay,
N ov .,
M ay,
N ov.,
M ay,

1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

2

3
4
5
6

7
8

9
10
11
12

13
14
15
16
17
18
19
20
21
22

23

$193
181
169
158
147
136
125
115
106
96
87
79
70
.62
54
47
39
32
25
18
12

63
43
64
12
01
29
95
95
28
93
90
20
77
64
75
08
69
52
59
87
38

61
38
93
36
69
77
108
259
134
291
149
191
211

291
364
322
260
411
371
490
589
650

6 10

Dues paid in advance, .
Total,

•

Total
Value.

Shares in
Force.

D a te of
I ssue,

Value per
Share.

Series.

Beconciliation of Share Account with Dues and Profits Capital.

$11,811
6,894
15,776
5,692
10,143
10,494
13,602
30,031
14,241
28,206
13,097
15,127
14,932
18,228
19,929
15,159
10,319
13,365
9,493
9,246
7,291
3,965

43
34
52
32
69
33
60
05
52
63

Dues capital, as per general ledger,
$241,004 00
Profits capital, as per
52,922 33 '
general ledger, .
Unpaid dues,
3,229 00

10

20
47
24
00
76
40
72
89
30
82
00

\

105 00
$297,155 33

Total,

$297,155 33

Number of shares issued during the y e a r , ....................................... 1,369
Number of shares now in f o r c e , ........................................................... 5,465
Number of shares now borrowed u p o n , ................................................. 1,704
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,009
Number of shares forfeited during the y e a r , ................................................. 14
Number of shares retired during the y e a r , ................................................. 25
Number of shares matured during the y e a r , ................................................. 49
Highest per centum of interest received during the year : 6.9.
Lowest per centum of interest received during the year : 6.3.
Number of members withdrawn during the y e a r , ........................................120
Present number of members......................................................................................... 684
Present number of b o r r o w e r s ,........................................................... .........
. 248
Present number of n o n -b o r r o w e r s ,.........................................................................436
Number of loans secured by first mortgage of real estate,
.
.
. 202
Number of loans on s h a r e s , .....................................................................................46
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one m e m b e r , ...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
867 49
Date of examination by commissioner : September 28.


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

No. 8.]

117

SAYINGS BANK COMMISSIONERS.

L Y N N C O -O P E B A T IV E B A N K — L Y N N .

Incorporated N ot . 18,1891.

Commenced business Nov. 23, 1891.

Jacob M . L e w i s , P r e s id e n t .
E d w i n C. L e w i s , S e c r e t a r y .
E d w in C. L e w is , T r e a su r e r .

Names of security committee:
F r ed D . M a t o ,
W . Bro w n ,
C h a s . H . G o l d t h w a it ,
F . F. L aw rence,
W m . H . Severan ce.

Regular meetings the first Monday of each month.

B alan ce Sh eet O ct.

L ia b il it ie s

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

$21,525
1,295
145
146
3

00
00
00
70
70
21 80
1,408 22

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

.

$24,545 42

$21,913
2,146
39
290
155

00
28
58
64
92

$24,545 42

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
Cash on hand Oct. 31, 1895, .


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

4,200 00
195 00
7,584 03

For real estate loans, .
$11,925 00
share loans, .
795 00
dues capital (withdrawn),
7,334 00
profits capital
(withdrawn),
570 66
temporary expenses,
74 32
27 00
surplus, .
.
.
.
Cash on hand Oct. 31, 1896,
1,408 22

$22,134 20

$22,134 20

$8,955
1,136
32
29

00
92
58
67

r oo

[Pub. Doc

REPORT OF THE

118

Total Amount of Loans at Specified Rates of Interest.
Loans

Real E state.

L oans

Rate.

Amount.

Rate.

5.00 per cent.
5.50
“

$9,000 00

6.30 per cent.

Amount.
9,900 00
2,025 00
600 0 0

on

on

Sh a r e s .

Amount.

6 .0 0

$50 00
620 00
625 00

Rate.
5.00 per cent.
5.50
6.30
“

.
.
.
.
.
.
.
.
.
.

$67
60
53
45
38
31
25
18
12

87
41
06
82
74
87
17
67
31
6 08

1

2
3
4
5
6

7
8

9
10

Dues paid in advance, .
Total,

*

Total
Value.

1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

Shares in
Force.

Series.

D a te of
I ss u e .

Nov.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

135
76
29
39

$9,162
4,591
1,538
1,786
426
924
1,862
2,408
1,415
601

11

29
74
129
115
99

45
16
74
98
14
23
58
43
65
92

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$21,913 00
2,146 28
6 8 8 00

29 00
$24,747 28

Total,

$24,747 28

Number o f shares issued during the y e a r , ..................................................... 233
Number of shares now in f o r c e , .........................................................................736
Number of shares now borrowed u p o n , ...............................................................228
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year.................................................. 256
Highest per centum o f interest received during the y ea r: 6.30.
Lowest per centum o f interest received during the y ea r: 5.
Number of members withdrawn during the year,
.
.
.
.
.2 1
Present number o f members,
.
.
.
.
.
.
.
.
.
86
Present number of b o rr o w e rs,...............................................................................27
Present number o f non-borrowers, .
.
.
.
.
.
.
.
59
Number of loans secured by first mortgage of real estate,
.
.
.2 3
Number of loans on s h a r e s , .................................................................... 1 5
Largest loan to any one m e m b e r , ...............................................................................$2,200 00
Smallest loan to any one m e m b e r , ...............................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
94 32
Date o f examination by commissioner : March 30.


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

No. 8.]

SAYINGS BANK COMMISSIONERS

119

M A L D E N C O -O P E R A T IV E B A N K — M A L D E N .

Incorporated April 27, 1887.

Commenced business M ay 9, 1887.

M a r c e llu s C o g g an , P r e s id e n t .
L e w is P. B r o w n , S e c r e t a r y .
L e w is P. B r o w n , T r e a s u r e r .

Names of security committee:
G eo . L . G ould ,
John M . C orbett ,
M . S. O’D o n n e l l ,
C h a s . A . S t il e s ,
John E . S t aples .

Regular meetings the second Monday of each month.

B alance Sheet Oct . 31, 1896.

A

L ia b il it ie s .

ssets.

Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer,

$276,525
21,685
2,550
154
60
.
8,575

00
00

04
85
00

Dues capital,
$253,181 00
Profits capital (all series), .
53,121 19
Guaranty fund, .
1,321 20
Surplus,
.
.
.
.
1,908 03
18 63
Forfeited share account,

16

$309,550 05

$309,550 05

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$72,789
15,244
1,090
223
1
37,400
11,150

00
77
17
58
25
00
00
686 63
16,052 19

For real estate loans, .
$88,350 00
share loans, .
15,200 00
dues capital (withdrawn),
23,064 00
dues capital (retired), .
12,275 00
profits capital (withdrawn),
2,491 15
profits capital (retired),
3,852 35
temporary expenses,
829 93
Cash on hand Oct. 31, 1896,
8,575 16

$154,637 59

$154,637 59

120

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Bates of Interest.
L oans

Amount.
$210,875
30.850
25.850
5,500

00
00
00
00

on

R eal E state.

L oans

Rate.

Amount.

Rate.

6.30 per cent.
6.60
“
6.90
“
7.20

$3,450 00

7.50 per cent.

Amount.
$18,175
1,600
350
1,560

00
00

00
00

on

Sh a k e s .

Rate.
6.30 per cent.
6.60
6 90
“
7 .2 0
»

1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891 ,
1891,
1892,
1892,
1893,
1893,
1894 ,
1894 ,
1895,
1895 ,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

$158
147
136
126
116
106
97
88
79
70
62
54
47
39
32
25
18
12
6

18
25
29
21
16
48
11
02
27
80
62
70
06
66
51
50
89
39
10

Total
Value.

M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M av,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
ov.,
y,

Shares in
Force.

D ate op
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

107
147
2 08
142
262
118
97
146
221
3 23
455
2 77
3 09
2 94
427
429
635
689
7 65

$ 1 6 ,9 2 5
2 1 ,6 4 5
2 8 ,3 4 8
17,921
3 0 ,4 3 3
1 2 ,5 6 4
9 ,4 1 9
1 2 ,8 5 0
1 7 ,5 1 8
2 2 ,8 6 8
2 8 ,4 9 2
1 5 ,1 5 1
14,5 4 1
1 1 ,6 6 0
1 3 ,881
1 0 ,9 7 8
1 1 ,9 9 5
8 ,5 3 6
4 ,6 6 6

Dues paid in advance, .
Total,

26
75
32
82
92
64
67
92
67
40
10
90
54
04
77
11
15
71
50

Dues capital, as per general ledger,
$ 2 5 3 ,1 8 1 00
Profits capital, as per
general ledger, .
5 3 ,1 2 1 19
Unpaid dues,
4 ,6 3 9 00

5 4 0 00
$ 3 1 0 ,9 4 1

-

19

Total,

.

$ 3 1 0 ,9 4 1 19

•

Number o f shares issued during the y e a r , ..................................................1,625
Number of shares now in f o r c e , ..................................................................... 6,051
Number of shares now borrowed upon, ........................................................... 2,071
Largest number o f shares held by any one member,
.
.
.
.2 5
Number o f shares withdrawn during the y e a r , ........................................... 832
Number of shares retired during the y e a r , ......................................................132
Highest per centum o f interest received during the y ea r: 6 9-10.
Lowest per centum of interest received during the y ea r: 6 3-10.
Number of members withdrawn during the year............................................. 92
Present number o f m e m b e r s ,..................................................................................713
Present number of b orro w e rs,................................................................................. 224
Present number o f n o n -b o rro w e rs,....................................................................... 489
Number of loans secured by first mortgage of real estate,
.
.
. 197
Number of loans on s h a r e s , .....................................................................................90
Largest loan to any one m e m b e r , .............................................................................. $5,000 00
Smallest loan to any one m e m b e r ,................................................
.
.
.
5000
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
829 93
Date of examination by commissioner : April 30.


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

No. 8.]

121

SAYINGS BANK COMMISSIONERS.

M A N S F IE L D C O -O P E R A T IV E B A N K — M A N S F IE L D .
Incorporated March 10, 1883.

Commenced business March 21, 1883.

D a v id E . H a k d in g , P r e s id e n t .
A l f r ed B . D a y , S e c r e t a r y .
A lfred B. D a y , T r e a su r e r .

Names of security committee :
S a m u e l C. L o v e ll ,
W il l ia m C. W
Jam es A . W h e e l e r .

in t e r ,

Regular meetings the third Wednesday o f each month.

Balance

Sh e e t O c t .

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$179,650 00
Loans on shares, .
18,373 00
Permanent expense account,
55 00
Real estate by foreclosure, .
597 84
Unpaid interest,
1,586 44
Unpaid premiums,
15 78
Unpaid tines,
47 55
Cash in hands of treasurer, .
15,538 89

Dues capita],
$176,104 00
Profits capital (all series), .
38,144 31
Guaranty fund, .
940 00
Surplus,
.
.
.
.
676 19

$215,864 50

$215,864 50

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

D is b u r s e m e n t s .

1

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

$40,189
11,959
315
111
35,325
12,631
288
30,198

00
41
51
38
00
00
36
85

$131,018 51

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (retired), .
dues capital (matured),
profits capital
(withdrawn),
profits capital (retired),
profits capital (matured),
temporary expenses,
taxes,
.
.
.
.
i n t e r e s t on matured
shares,
Cash on hand Oct. 31, 1896,

$38,625
12,805
20,006
8,783
20,448

00
00

2,883
2,227
8,447
795

98
36
42
83

00

00
00

12 68

445 35
15,538 89
$131,018 51

122

REPORT OF THE

[Pub. Doc,

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

on

Rate.

$169,750 00
2,900 00
3,600 00

6 .1 2

6.24
6.36

per cent.
“
“

R eal E state.

L oans

on

Sh a r e s .

Amount.

Rate.

Amount.

Rate.

$1,600 00
1,800 00

6.48 per cent.
6.72
»

$18,373 00

6.48 per cent.

M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
Nov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
Is93,
1894,
1894,
1895,
1895,
1896,

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

5
6

7
8

9
10
11
12

13
14
15
16
17
18
19
20
21
22

23
24
25
26
27

$195
184
173
162
151
141
131
121
112
103
94
85
77
69
61
53
46
39
32
25
18
12

94
42
22
33
74
47
50
79
37
22
34
73
38
27
40
76
36
17
18
39
78
35
6 09

Dues paid in advance, .
Total,

57
20

52
56
119
96
91
94
140
108
123
14
179
126
167
136
356
161
382
259
291
76
131

Value.

T otal

Shares in
Force.

D ate of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$11,168
3,688
9,007
9,090
18,057
13,581
11,966
11,448
15,731
11,147
11,603

58
40
44
48
06
12
50
26
80
76
82

Dues capital, as per general ledger,
$176,104 00
Profits capital, as per
general ledger, .
38,144 31
Unpaid dues,
2,475 00

1 ,2 0 0 22

13,851
8,728
10,253
7,311
16,504
6,306
12,292
6,576
5,464
938
797

02
02
80
36
16
37
76
01
98
60
79

7 00
$216,723 31

Total,

$216,723 31

Number of shares issued during the y e a r , ........................................
. 212
Number of shares now in f o r c e , ...........................................................
3,234
Number of shares now borrowed u p o n , .................................................
1,469
Largest number of shares held by any one member,
.
25
Number of shares withdrawn during the year,
.
. 532
Number o f shares retired during the y e a r , ........................................
.
96
Number of shares matured during the y e a r , .......................................
. 144
Highest per centum of interest received during the year : 6 48-100.
Lowest per centum of interest received during the year : 6 12-100.
Number of members withdrawn during the year, .
. 106
Present number of m e m b e r s ,.....................................................................
. 446
Present number of b orrow e rs,.....................................................................
. 207
Present number of n o n -b o rro w ers,...........................................................
. 239
Number of loans secured by first mortgage of real estate,
. 175
Number of loans on s h a r e s , .....................................................................
. 169
Largest loan to any one m e m b e r , ...........................................................
.
Smallest loan to any one m e m b e r ,...........................................................
Amount of expenses of the corporation for the year ending Oct. 31 , 1896,
.
Date of examination by commissioner : February 3.


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

$4,000 00

10 00
805 83

No. 8.]

SAVINGS BANK COMMISSIONERS.

123

M A R B L E H E A D C O -O P E R A T IV E B A N K — M A R B L E H E A D .
Incorporated M ay 5, 1886.
John L a n c y , P r e s id e n t .

Commenced business M ay 6 , 1886.

B e n ja m in Co le , Jr., S e c r e t a r y .
B e n ja m in C ole , Jr., T r e a s u r e r .
Names of security committee:

John L a n c y ,
F r a n k M il l e t t ,
M . Y . B . M orse .
Regular meetings the first Thursday of each month.
B a la n c e Sh e e t O c t.

A ssets,

Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Bonds o f: —
City of W altham , M ass., .
Town o f Beverly, M ass., .
Cash in hands of secretary, .
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$86,300 00
3,370 00
100 00

3,929
442
27
55

41
00
55
60

1,008
2,086
46
5,731

38
65
10
60

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$103,097 29

$82,857
18,624
515
1,060
39

00
88

99
31
11

$103,097 29

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
coupons on bonds,
personal account,
rent on real estate,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$19,581
5,334
324
214
1

00
62
50
22
25

8 ,1 0 0 00

6,400 00
203 31
1 26
6 00

9
53
240
407

10
26
00
75

$40,876 27

For real estate loans, .
$10,300 00
share loans, .
6,980 00
dues capital (withdrawn),
5,266 00
dues capital (forfeited),
33 00
dues capital (retired), .
7,119 00
profits
capital (withdrawn),
813 11
profits capital (forfeited),
2 79
profits capital (retired),
2,158 80
temporary expenses,
425 44
real estate by foreclosure,
1,816 20
expenses on real estate,
184 23
Cash on hand Oct. 31, 1896,
5,777 70
$40,876 27

124

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

on

K eal E sta te .

Amount.

Rate.

$76,100 00
3,200 00

6.30 per cent.
6.60
“

L oans

Amount.

Rate.

$ 7 ,0 0 0 00

on

Sh ar e s.

Amount.

6.90 per cent.

$ 2 ,0 0 0 00
1,370 00

Rate.

6 .0 0

per cent.

6.30

1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2

3
4
5
6

7
8

9
10
11
12

13
14
15
16
17
18
19
20
21

Total,

$175
164
153
142
132
123
113
104
95
86

78
69
61
54
46
39
32
25
18
12

23
19
38
94
82
01
48
24
27
56
13
94
99
26
76
47
39
52
85
38

6 10

Total
Value.

M ay,
N ov.,
M av,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
Mav,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,

Shares in
Force.

D ate of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

69

$12,090
11,164
7,975
3,430
9,563
2,706
1,702
3,231
2,762
3,895
4,687
3,916
3,471
8,735
3,600
6,473
3,886
4,338
2,752
990
780

68'

52
24
72
22

15
31
29
45
60
56
56
161
77
164
120

170
146
80
128

87
92
76
56
04
22

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$82,857 00
18,624 88
675 00

20

44
83
20
80
64
44
86

52
08
80
40
10

40
80

$102, Î56 88

Total,

$102,156 88

Number of shares issued during the year,
.
.
.
.
. 217
Number of shares now in f o r c e , ...........................................................1,645
Number o f shares now borrowed upon, ........................................................... 503
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ........................................130
Number of shares forfeited during the y e a r , ................................................. 2
Number of shares retired during the y e a r , ................................................. 73
Highest per centum of interest received during the y e a r: 6 3-10.
Lowest per centum o f interest received during the y ea r: 6 .
Number o f members withdrawn during the y e a r , ....................................... 44
Present number of m e m b e r s ,.................................................................................. 345
Present number of borrowers..........................................................................................83
Present number of n o n -b o rro w e rs,......................................................................... 262
Number of loans secured by first mortgage o f real estate,
.
.
.
92
Number of loans on shares.............................................................................................. 16
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
30 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
425 44
Date of examination by commissioner : March 23.


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

No. 8.]

125

SAVINGS BANK COMMISSIONERS

M AR LB O R O U G H C O -O P E R A TIV E B A N K — M A R L ­
BOROUGH.
Incorporated April 16, 1890.

C.ommenced business M ay 1, 1890.

C h ar le s F . R obinson , P r e s id e n t .
C. B . R u sse ll , T r e a su r e r .

C. B. R u ssell , S e c r e t a r y .

Names of security committee:
John S. F a t ,
M . J. Bu c k l e y ,
J. E . W a r r e n ,
W . H . H il l ,
E . 0 . B r ig h a m .
Regular meetings the second Thursday o f each month.
Balan c e Sheet Oct.

31, 1896.
L ia b il it ie s .

A sse ts.

$105,625 00
Loans on real estate,
7,760 00
Loans on shares, .
Permanent expense account,
59 07
275 10
Temporary expense account,
Real estate by foreclosure, .
2,769 47
755 56
Unpaid interest,
. ' .
24 39
Unpaid premiums,.
92 02
Unpaid tines, .
.
.
.
225 00
Furniture and fixtures, .
Notes of city of Marlborough,
5,000 00
Mas s . , .
.
.
.
.
263 44
T ax account, .
.
.
.
7,189 58
Cash in hands of treasurer, .

$111,832 00
Dues capital,
12,898 90
Profits capital (all series), .
3,383 58
Interest,
.
.
.
.
146 74
Premiums, .
.
.
.
129 88
Fines, .
.
.
2 25
Transfer fees,
125 99
Withdrawal profits,
50
Forfeiture profits,
451 79
Guaranty fund, .
964 40
Surplus,
.
.
.
.
102 60
R e n t s , .......................................

$130,038 63

$130,038 63

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
rents, .
.
.
.
Cash on hand Oct. 31, 1895, .


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

00
77
01
82
00
00
00
41
72
70
102 60
7,736 76

$29,150 00
For real estate loans, .
9,500 00
share loans, .
12,628 00
dues capital (withdrawn),
599 00
dues capital (forfeited),
14,673 00
dues capital (retired), .
profits capital
(with1,141 93
drawn),
74 60
profits capital (forfeited),
2,706 22
profits capital (retired),
505 43
temporary expenses,
88 60
permanent expenses,
662 52
forfeited shares,
250 00
furniture and fixtures, .
5,000 00
city of Marlborough notes,
tax account, .
263 44
real estate by foreclosure,
2,769 47
7,189 58
Cash on hand Get. 31, 1896,

$87,201 79

$87,201 79

$37,433
6,535
301
290
3
28,550
5,480
286
18
463

126

[Pub. Doc.

REPORT OF THE

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

on

Rate.

$10,400 00
94,825 00

6 .0 0

6.30

L oans

R eal E sta te .

$400 00

Sh a k e s .

Rate.

Amount.

Rate.

6.60 per cent.

$7,760 00

6.30 per cent.

Amount.

per cent.
“

on

1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2

3
4
5
6

7
8

9
10
11
12

13

$92
84
75
67
60
52
45
38
31
24
18

12 10
6 00

Dues paid in advance, .
Total,

57
13
93
97
24
74
46
39
52
85
38

Total
Value.

M ay,
N ov.,
M ay,
Nov ,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D a te of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

376
151
123
125
185
34

$34,806
12,703
9,339
8,496
11,144
1,793
9,092
4,990
11,725
9,616
5,918
4,392
1,518

2 00

130
372
387
322
363
253

32
63
39
25
40
16
00
70
44
95
36
30
00

Dues capital, as per general ledger,
$111,832 00
Profits capital, as per
12,898 90
general ledger, .
863 00
Unpaid d u es,.

57 00
$125,593 90

Total,

Number of shares issued during the year,
Number of shares now in force,
. . .
Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .
Present number of m e m b e r s ,.................................................

$125,593 90

.

659
3,021
. 751

.
.
.

25
560
32

.

226
$0 05
05

. 109
. 450
. 112
. 338
.
88
.
50

Present number of b o r r o w e r s ,.................................................
Present number of n o n -b o rro w e rs,........................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , .................................................
Largest loan to any one m e m b e r , ........................................
Smallest loan to any one m e m b e r ,........................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : February 28.


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

5,000 00
10 0 0

.

534 96

No. 8.]

SAYINGS BANK COMMISSIONERS

127

M E C H A N IC S ’ C O -O P E R A T IV E B A N K — T A U N T O N .
Incorporated Sept. 14, 1877.
W

il l ia m

Commenced business Sept. 17,1877’.

H . L e w i s , P r e s id e n t .
E n w . S. H e r s e y , S e c r e t a r y .
E d w in H . K n o w l e s , T r e a s u r e r .
Names of security committee:
C yr u s Sa v a g e ,
Jam es P. W

J. J. G r e e n , Jr ,
il l ia m s .

Regular meetings on the first Monday after the fifteenth of each month.

B alance Sheet Oct. 31, 1896.
A ssets.

L ia b il it ie s .

Loans on real estate,
$402,500 00
Loans on shares, .
18,135 00
Temporary expense account,
368 20
Real estate by foreclosure, .
3,906 03
Unpaid interest,
5,430 25
Unpaid premiums,
309 68
Unpaid fines.................................
1,208 41
Unpaid dues, .
.
.
.
6,458 00
Cash in hands of treasurer, .
1,547 01

Dues capital,
$358,544 00
Profits capital (all series), .'
65,474 88
Interest,
.
.
.
.
7,834 05
Premiums, .
.
.
.
392 69
F i n e s , .......................................
305 29
Guaranty fund, .
2,056 47
Surplus,
.
.
.
1,733 03
Forfeited share account,
15 98
Advance payments,
3,506 19

$439,862 58

$439,862 58

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .
R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
forfeited shares, .
rent from hall,
real estate by foreclosure,
advance payments,
matured share account,
unpaid loans,
suspense account,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$81,377
19,733
995
10
96,445
19,950
1,092
30
3,100
19,837
12,058
69
15,521
4,294

00
45
34
31
00
00
90
00
62
29
40
00
78
01

For real estate loans, .
$98,850 00
share loans, .
21,765 00
dues capital (withdrawn),
65,378 00
dues capital (forfeited),
973 00
dues capital (retired), .
19,385 00
dues capital (matured),
8,280 00
profits capital
(withdrawn),
11,838 75
profits capital (forfeited),
119 90
profits capital (retired),
4,561 06
profits capital (matured),
3,749 40
temporary expenses,
1,303 95
advance payments,
19,169 57
forfeited shares,
1,092 90
matured shares,
12,058 40
real estate
by foreclosure,
3,771 41
unpaid loans,
69 00
interest paid on matured
shares,
29 00
interest paid on retired
shares,
521 13
guaranty fund,
52 62
Cash on hand Oct. 31, 1896,
1,547 01

$274,515 10

$274,515 10

128

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

on

Rate.

$400,350 00
1,300 00

R eal E state.

L oans

Amount.

6.30 per cent.
6.60

$850 00

on

Sh a r e s .

Rate.

Amount.

Rate.

6.90 per cent.

$17,585 00
400 00
150 00

6.30 per cent.
6.60
“
7.20
“

1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

10
11
12

13
14
15
16
17
18
19
20
21
22

23
24
25
26
27
28
29
30

Total,

$180
158
147
137
127
117
108
99
90
82
74
66

58
50
43
36
29
22
16

77
56
91
61
64
97
60
53
76
27
01
03
27
75
46
39
52
85
38

10 10

4 00

Total
Value.

Jan.,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan ,
July,
Jan.,
July,
Jan.,
July,
Jan.,
Julv,
Jan.,
July,
Jan.,
July,
Jan.,
July,

Shares in
Force,

D a t e of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

112

$20,246
7,610
19,228
17,889
15,189
49,193
16,833
39,612
22,417
50,102
35,376
6,735
38,749
7,663
20,469
15,574
7,320
21,707
4,226
6,635
1,236

48
130
130
119
417
155
398
247
609
478
102

665
151
471
428
248
950
258
657
309

24
88

30
30
16
49
00
94
72
43
78
06
55
25

Dues capital, as per general ledger,
$358,544 00
Profits capital, as per
general ledger, .
65,474 88

66

92
96
50
04
70
00

$424,018 88

Total,

$424,018 88

Number of shares issued during the year,
1,040
Number of shares now in force,
.
.
.
.
7,082
Number of shares now borrowed upon,
2,527
Largest number of shares held by any one member,
.
25
Number of shares withdrawn during the year,
1,297
N umber of shares forfeited during the year,
. 20
Number of shares retired during the year,
. 206
Number of shares matured during the year, .
.
60
Highest per centum of interest received during the year : 6 3-10.
Lowest per centum of interest received during the year : 6 3-10.
Number of members withdrawn during the year,
.
. 117
Present number of m e m b e r s ,.................................................
1,016
Present number of b o r r o w e r s ,.................................................
393
Present number of n o n -b o rro w e rs,........................................
623
Number of loans secured by first mortgage of real estate,
319
Number of loans on shares,
.
.
.
. ' .
74
Largest loan to any one m e m b e r , ........................................
Smallest loan to any one m e m b e r , .......................................
Amount of expenses of thè-corporation for the year ending Oct. 31, 1896,
Date o f examination by commissioner: June 22.


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

$5,000 00
50 00
1,273 95

No. 8.]

129

SAYINGS BANK COMMISSIONERS.

M ED FORD C O -O P E R A T IV E B A N K — M ED FOR D.
Incorporated June 21, 1886.

Commenced business July 7, 1886.

D a n a I. M cI ntlre , P r e s id e n t .

Jam bs S. S tu r tevan t , S e c r e t a r y .

Jam es S. S tu r te v an t , T r e a s u r e r .

Names of security committee:
J. D . S t r e e t ,
Joseph E . O b e r ,
E li

W a l t e r E . C u s h in g ,
L e w is H . L o v e r in g ,
A yers.

Regular meetings the first Wednesday of each month.

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

31, 1896.

L ia b il it ie s .

A ssets.

$271,200 00
Loans on real estate,
14,200 00
Loans on shares, .
350 00
Permanent expense account,
783 50
Unpaid interest,
62 65
Unpaid premiums,
101 52
Unpaid fines, .
.
.
.
224 98
T a x e s , ........................................
8,854 02
Cash in hands of treasurer, .

$242,382 00
Dues capital,
50,075 15
Profits capital (all series), .
1,373 25
Guaranty fund, .
1,934 11
Surplus,
.
.
.
.
12 16
Forfeited share account,

$295,776 67

$295,776 67

Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

$70,481
16,527
1,194
442
3
32,350
19,100
928
4

00
11
00
43
75
00
00
97
36

10 00

10,107 42

$151,149 04

$64,900 00
For real estate loans, .
18,750 00
share loans, .
24,158 00
dues capital (withdrawn),
154 00
dues capital (forfeited),
22,995 00
dues capital (retired), .
profits capital
(with3,716 13
drawn),
14 14
profits capital (forfeited),
6,152
36
profits capital (retired),
1,166 27
temporary expenses,
56 15
permanent expenses,
224 98
taxes,
.
.
.
.
7 99
interest on retired shares,
8,854 02
Cash on hand Oct. 31, 1896,
$151,149 04

130

REPORT OF THE

[Pub. Doc,

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

on

R eal E sta te .

Rate.

$186,800 00
65,300 00
18,800 00

L oans

Amount.

6.30 per cent.
£.60
6.90
“

$300 00

on

Sh a r e s .

Rate.

Amount.

Rate.

7.20 per cent.

$ 1 2 ,2 0 0 00
1,800 00

6.30 per cent.
6.60
“
8.70
“

2 0 0 00

1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891.
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2

3
4
5
6

7
8

9
10
11
12

13
14
15
16
17
18
19
20
21

$176
168
157
146
135
125
115
106
96
87
79
70
62
54
47
39
32
25
18
12

68

81
22

95
96
23
80
65
76
13
74
59
66

93
42

6 11

Dues paid in advance, .
Total,

06
27
25
30
87

Total
Value.

July,
N ov.,
M av,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
May,
N ov .,
M ay,

Shares in
Force.

D a te of
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

80
98

$14,084
16,490
19,027
14,044
11,413
7,666
12,160
13,596
14,445
14,865
20,203
15,788
16,289
16,756
15,741
14,862
20,662
12,932
10,998
6,408
5,095

121

96
84
61
105
128
149
169
255
223
260
306
334
374
634
504
581
516
834

80
46
25
80
08
48
05
16
55
24
65
40
00
56
42
76
06
64
33
72
74

Dues capital, as per general ledger,
$242,382 00
Profits capital, as per
general ledger, .
50,075 15
Unpaid dues,
1,253 00

177 00
$293,710 15

Total,

$293,710 15

Number of shares issued during the y e a r , ........................................1,448
Number of shares now in f o r c e , ........................................................... 5,912
Number o f shares now borrowed u p o n , ................................................. 1,883
Largest number o f shares held by any one member....................................... 25
Number of shares withdrawn during the y e a r , ....................................... 788
Number of shares forfeited during the y e a r , ..................................................18
Number of shares retired during the y e a r , ..................................................260
Highest premium received during the y e a r , ........................................................... $0 10
05
Lowest premium received during the y e a r , ...........................................................
Number of members withdrawn during the y e a r , ........................................118
Present number of m e m b e r s ,...................................................................................610
Present number of b orrow e rs,...................................................................................157
Present number of n o n -b o rro w e rs,.........................................................................453
Number o f loans secured by first mortgage of real estate,
.
.
. 146
Number o f loans on s h a r e s , .....................................................................................49
Largest loan to any one member.......................................................................................
5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
1,322 42
Date of examination by commissioner : September 18.


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

No. 8.]

131

SAVINGS BANK COMMISSIONERS.

M ELRO SE C O -O P E R A T IV E B A N K — M ELRO SE.
Incorporated April 4, 1890.

Commenced business April 20, 1890.

L e v i S. G o u l d , P r e s id e n t .
C h a r l e s S. N e w h a l l , S e c r e t a r y .
•
C h a r l e s S. N e w h a l l , T r e a su r e r .

Names of security committee :
N . F . H e s s e l t in e ,
S. A . L o v e j o y ,
S. E . B e n so n .

Regular meetings tbe first Friday of each month.

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

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

$23,650 00
2 ,2 0 0 00

97 16
2,598 94
376 02
6 6 10

Dues capital,
Profits capital (all series), .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$25,152 00
3,973 70
25
19 45
85 30
241 80

94 94
389 34
$29,472 50

$29,472 50

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

D is b u b s e m k n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
real estate sold, .
miscellaneous receipts
from f o r e c l o s e d
estates,
Cash on hand Oct. 31, 1895, .


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

$8,948
1,287
166
79

00
00
12

47
50
3,700 00
300 00
178 55
36
1,250 00

$ 1 0 ,0 0 0 00
For real,estate loans, .
675 00
share loans, .
6,881 00
dues capital (withdrawn),
8 00
dues capital (forfeited),
profits capital
(with715 08
drawn),
.
.
.
1 84
profits capital (forfeited),
207 85
temporary expenses,
1,308 26
real estate by foreclosure,
miscellaneous expenses
223 31
of foreclosed estates, .
389 34
Cash on hand Oct. 31, 1896,

134 45
4,365 23
$20,409 68

$20,409 68

132

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
Loans

on

Amount.

Rate.

$10,550 00
1,600 00
3,600 00

6.00 per cent.
6.60
6.90

“
“

R eal E state.

L oans

Amount.

Rate.

$3,700 00
4,200 00

on

Sh a r e s .

Amount.

7.20 per cent.
7.80
“

$425 00
1,475 00
300 00

Rate.

6.00 per cent.
6.30
«
8.00

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

1
2
3
4
5

6
7
8
9
10
11
12
13
14
15
16
17
18
19

20
21
22
23
24

$97 60
93 05
88 56
84 17
79 86
75 59
71 40
67 31
63 27
59 31
55 41
51 61
47 82
44 13
40 46
36 91
33 38
29 94
26 51
23 17
19 85
13 38
7 10
1 00

Dues paid in advance, .
Total,

Total
Value.

April, 1890,
July, 1890,
Oct., 1890,
Jan., 1891,
April, 1891,
July, 1891,
Oct., 1891,
Jan., 1892,
April, 1892,
July, 1892,
Oct., 1892,
Jan., 1893,
April, 1893,
July, 1893,
Oct., 1893,
Jan., 1894,
April, 1894,
July, 1894,
Oct., 1894,
Jan., 1895,
April, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,

Shares in
Force.

D a te of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

81

$7,905
1,023
3,276
2,356
1,038
377
642
201
379
1,008
277
412
1,434
1,941
485
775
400
149
848
1,691
1,369
1,471
582
33

11

37
28
13
5
9
3

6

17
5

8

30
44

12
21
12

5
32
73
69

110
82
33

60
55
72
76
18
95
60
93
62
27
05
88
60
72
52
11
56
70
32
41
65
80
20
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$25,152 00

13 00
$30,097 70

Total,

Number of shares issued during the y e a r , ................................................. 189
Number of shares now in f o r c e , ..................................................................... 746
Number of shares now borrowed u p o n , ........................................................... 166
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................228
Number of shares forfeited during the y e a r , ................................................. 8
Highest per centum of interest received during the year : 6 3-10.
Lowest per centum of interest received during the year : 6.
Number of members withdrawn during the y e a r , ........................................27
Present number of m e m b e r s ,...................................................................................110
Present number of borrowers.......................................................................................... 22
Present number of n o n -b o r r o w e r s,...........................................................................88
Number of loans secured by first mortgage o f real estate,
.
.
.
16
Number of loans on s h a r e s , ....................................................................................... 7
Largest loan to any one member,
.
.
...........................................................
Smallest loan to any one m e m b e r , ...............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
Date of examination by commissioner: March 23.


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

3,973 70
972 00

$30,097 70

$2,950 00
25 00
207 85

No. 8.]

133

SAYINGS BANK COMMISSIONERS

M E R C H A N T S ’ C O -O P E R A T IV E B A N K — BOSTON.
Incorporated Dec. 21,1881.

Commenced business February, 1882.

J. S. F . H u d d l e st o n , P r e s id e n t .
A . E . D u f f il l , T rea su rer.

A . E . D u f f il l , S ec reta ry.

Names of security committee:
G e o . T . B osson ,
F rank M. P e r r y ,
E . C. S c a t e s ,
C. E . F’ o l s o m ,
A . S. P a r s o n s .
Regular meetings the second Monday of each month.
B alance

S h e e t O c t . 3 1 , 18 9 6 .

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Personal accounts,
Profit and loss account,
T ax account, .
.
.
.
Cash in hands of treasurer, .

$969,925
33,820
1,737
13,056
2
434
2
16,713

00
00
69
05
00
53
05
63

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , ........................................
Transfer fees,
.
.
.
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Suspense account,

$867,792
138,915
18,036
1,466
615
11
986
5,591
2,085
129
61

00
61
95
10
55
25
34
58
09
12
36

$1,035,690 95

$1,035,69095

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

R e c e ip t s .

$289,322 00
From dues capital,
58,732 42
interest,
.
.
4,859 52
premiums, .
3,368 43
fines,
.
25 75
transfer fees,
164,517 00
real estate loans repaid,
27,790
00
share loans repaid,
2,143 94
withdrawal profits,
30 50
forfeiture profits, .
1,107 13
forfeited shares, .
26 00
temporary expense,
169 20
taxes repaid,
318 73
suspense account,
16,379 83
real estate, .
96 44
profit and loss,
45
surplus,
8,559 99
Cash on hand Oct. 31, 1895, .

$226,300 00
For real estate loans, .
34,210 00
share loans, .
97,091 00
dues capital (withdrawn),
1,055 00
dues capital (forfeited),
98,660 00
dues capital (retired), .
17,689 00
dues capital (matured),
profits capital
(with­
16,218 09
drawn),
122 15
profits capital (forfeited),
24,974 16
profits capital (retired),
8,721 02
profits capital (matured),
4,544 44
temporary expenses,
1,141 79
forfeited shares,
interest on retired and
1,648 71
matured shares,.
164 70
taxes,
.
.
.
.
359 28
suspense,
27,396 83
real estate,
437 53
profit and loss,
16,713 63
Cash on hand Oct. 31, 1896,

$577,447 33

$577,447 33


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

134

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

00
00
00
00
00
00
00
00

R eal E state.

L oans

Rate.

Amount.

Rate.

5.00 per cent.
6.00
“
6 30
»
6.60
6.90
“
7.20
“
7.50
“
7.80
«

$4,400 00
3,700 00

8.10 per cent.
8.40
“

Amount.
$2,800
9,983
632,412
196,930
47,600
30,100
38,000
4,000

on

on

Amount.
$15,280
12,040
3,840
1,560
200
100
800
50

00
00
00
00
00
00
00
00

Sh a k e s .

Rate.
6.30 per cent.
6.60
6.90
«
7.20
“
7.50
“
7.80
“
8.40
“
9.90
»

Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,
D ec.,
June,

1885, .
1886, .
1886, .
1887, .
1887,.
1888, .
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

$190
177
166
154
143
133
122
112
103
94
85
76
68
60
52
45
37
30
23
17
11
5

Dues paid in advance, .
Total,


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

17
94
14
75
74
08
86
97
42
18
26
65
33
29
51
01
75
74
97
43
11
00

109
124
94
136
118
241
377
390
449
467
838
858
1,043
1,307
1,473
1,162
2,002
1,914
2,466
2,666
2,979
3,285

Total
Value.

Shares in
Force.

Value per
Share.

D ate op
I ssu e.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$20,728 53
22,064 56
15,617 16
21,046 00
16,961 32
32,072 28
46,318 22
44,058 30
46,435 58
43,982 06
71,447 88
65,765 70
71,268 19
78,799 03
77,347 23
52,301 62
75,575 50
58,836 36
59,110 02
46,468 38
33,096 69
16,425 00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$867,792 00
138,915 61
10,426 00

*

1,408 00
$1,017,133 61

Total,

$1,017,133 61

No. 8.]

SAYINGS BANK COMMISSIONERS.

135

Number of shares issued during the y e a r , .......................................
Number of shares now in force.....................................................................
Number of shares now borrowed upon......................................................
Largest number o f shares held by any one member,
Number of shares withdrawn during the year,
.
.
.
.
Number of shares forfeited during the y e a r , .......................................
Number of shares retired during the y e a r , .......................................
Number of shares matured during the y e a r , .......................................
Highest premium received during the y e a r , .......................................
Lowest premium received during the year.................................................
Number o f members withdrawn during the year, .
.
.
.
Present number of m e m b e r s ,.....................................................................
Present number of b orro w e rs,.....................................................................
Present number of n o n -b o rro w e rs,...........................................................

7,131
24,498
6,231
.
25
3,683

Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , .....................................................................
Largest loan to any one member...................................................................
Smallest loan to any one member.................................................................

. 446
. 108

.

128
1,261
. 132

.

$0 50
05

.

447
2,608
. 554
2,054

Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: November 2.


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

,

.

5,000 00
50 00
4,518 44

/

REPORT OF THE

136

[Pub. Doc.

M E R R IM A C K C O -O P E R A T IV E B A N K — L A W R E N C E .

Incorporated April 2, 1892.

Commenced business April 28, 1892.

J. J. M a h o n e y , P r e s id e n t .

C. J. C o r c o r a n , S e c r e t a r y .
C. A . M c C a r t h y , T r e a s u r e r .

Names of security committee:
D . J. O ’M a h o n e y ,
M . F. Su l l iv a n ,
H . J. M c Q u e e n e y .

Regular meetings the first Friday of each month.

B a l a n c e S h e e t O c t . 3 1 , 18 9 6 .

L ia b il it ie s .

ASSETS.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of secretary, .
Cash in hands of treasurer, .

$22,950
3,155
251
254
13
135
80
23

00
00
73
62
00
04
99
73

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$21,487
2,500
144
805
1,926

00
10
36
81
84

$26,864 11

$26,864 11

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

00
69
45
07
50
00
00
40
78
64
73

$15,350 00
For real estate loans, .
2,045 00
share loans, .
3,504 00
dues capital (withdrawn),
1,248 00
dues capital (forfeited),
profits capital
(with367 40
drawn),
158 34
profits capital (forfeited),
65 80
temporary expenses,
104 72
Cash on hand Oct. 31, 1896,

$22,843 26

$22,843 26

$8,534
1,410
74
155
8,300
1,695
91
39
1,054
1,487

No. 8.]

SAVINGS BANK COMMISSIONERS.

137

Total Amount of Loans at Specified Bates of Interest.
L oans

on

R eal E state.

L oans

on

Sh a k e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$ 2 2 ,9 5 0 00

6.30 per cent.

-

-

$ 3 ,1 5 5 00

6.30 per cent.

.
.
.
.
.
.
.
.
.

1
2

3
4
5
6
7
8
9

$61
54
46
39
32
25
18
12

Total,

82
16
71
45
39
52
85
38

6 10

Total
Value.

1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

Shares in
Force.

Series.

D a te op
I ssue.

M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
May,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

222
12

$13,724
649
2,475
1,183
2,137
1,939
471
557
1,549

53
30
66
76
25
45
254

04
92
63
50
74
52
25
10
40

Dues capital, as per general ledger,
Profits capital, as per
general ledger, . * .
Unpaid dues,

$24,688 10

.

j .

Number of members withdrawn during the year, .
Present number of m e m b e r s , .................................................
Present number of b o r r o w e r s ,.................................................
Present number of n o n -b o r r o w e r s ,.......................................
Number of loans secured by first mortgage of real estate,
Number o f loans on s h a r e s , .................................................
Largest loan to any one member................................................
Smallest loan to any one m e m b e r , .......................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: February 4.


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

2,500 10
701 00

Total,

Number of shares issued during the year,
Number of shares now in f o r c e , .......................................
Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Highest premium received during the year,
Lowest premium received during the year,

$21,487 00

$24,688 10

313
783
115
25
102
26
$0 05
05
25
88
38
50
23
16
2,000 00
40 00
65 80

[Pub. Doc

REPORT OF THE

138

MIDDLEBOROTJGrH C O -O P E R A T IV E B A N K — M ID D L E BOROUGH.
Incorporated M ay 1, 1889.

Commenced business M ay 21, 1889.

W . H . S o u th w o r t h , P r e s i d e n t .
J o se p h E . B e a l s , S e c r e t a r y .
J o se p h E . B e a l s , T r e a su r e r .

Names of security committee :
W

arrek

H . So u th w o r th ,
H en ry W . Sears,
C o r n e l iu s H . L e o n a r d .

Regular meetings the third Tuesday o f each month.

B alance Sh eet O ct.

31, 1896.

L ia b il it ie s .

A ssets.

$>126,000 00
Loans on real estate,
2,100 00
Loans on shares, .
70 00
Permanent expense account,
336 75
Unpaid interest,
Unpaid premiums,
17 02
37 28
Unpaid fines, .
.
.
.
20 07
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series),
Interest,
.
.
.
.
Premiums, .
.
.
.
Guaranty fund, .
Surplus,
.
.
.
.

.

$107,782 00
19,142 45
9 75
49
325 00
1,321 43

$128,581 12

$128,581 12

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

$30,241
7,165
370
143
2
19,900
3,650
143
5,262

00
28
67
44
75
00
00
33
89

$66,879 36

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (retired), .
profits capital
(withdrawn),
.
.
.
profits capital (retired),
temporary expenses,
interest on retired shares,
Cash on hand Oct. 31, 1896,

$36,800
1,850
19,320
4,353

00
00
00
00

3,035
930
451
119
20

27
07
09
86
07

$66,879 36

No. 8.]

139

SAYINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Rates of Interest.
L oans

on

L oans

R eal E sta te .

on

Sh ak es.

Amount.

Kate.

Amount.

Rate.

Amount.

Rate.

$122,950 00
3,050 00

6.30 per cent.
6.60
“

-

-

$2,050 00
50 00

6.30 per cent.
6.60
“

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2
3
4
5
6
7
8

9
10
11
12
13
14
15

$113
104
95
86
78
69
61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

44
22
26
57
14
94
97
25
75
46
39
52
85
38
10

327
93
112
133
79
94
143
86
152
90
193
220
210
326
241

Total
Value.

Shares in
Force.

Series.

D a t e of
I ss u e .

M ay,
Nov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
Nov.,
M ay,
Nov.,
May,

Value per
Share.

Reconciliation of Share Account icith Dues and Profits Capital.

$37,094
9,692
10,669
11,513
6,173
6,574
8,861
4,665
7,106
3,551
6,251
5,614
3,958
4,035
1,470

88
46
12
81
06
36
71
50
00
40
27
40
50
88
10

Dues capital, as per gen$107,782 00
eral ledger,
Profits capital, as per
19,142 45
general ledger, .
493 00
Unpaid dues,

185 00
$127,417 45

Total,

$127,417 45

.

.

609
2,499
. 716
.
25
. 451
.
51

Number of shares issued during the year,
Number of shares now in f o r c e , .......................................
Number of shares now borrowed upon, .
.
.
.
Largest number o f shares held by any one member,
Number o f shares withdrawn during the year,
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .
Present number o f m e m b e r s ,.................................................
Present number of borrowers.....................................................
Present number of n on -borrow ers,........................................
Number of loans secured by first mortgage of real estate,

.

$0 10
05
.
.

.
97
. 346
. 123
.
15

Number of loans on s h a r e s , .................................................
Largest loan to any one m e m b e r , .......................................
Smallest loan to any one m e m b e r ,.......................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : M ay 12.


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

65
443

5,000 00
50 00
.

461 09

[Pub. Doc

REPORT OF THE

140

M ID D L E S E X C O -O P E R A T IV E B A N K — L O W E L L .

Incorporated Nov. 2, 1892.

Commenced business Nov. 3, 1892.

J esse H . S ii e i 'a r d , P r e s id e n t .
W il l ia m D . B r o w n , S e c r e ta r y W il l i a m D . B r o w n , T r e a s u r e r .

/
Names of security committee:
G eo. W . C h a s e ,
W m . M. Sherw ell,
J ohn M . K in g s b u r y .

Regular meetings the last Friday of each month.

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

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,.
Unpaid interest,
Unpaid premiums,.
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

$57,210
3,660
154
273
17
38
3,563

00
00
23
00
40
80
10

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.

$64,916 53

$59,007
5,515
63
330

00
42
81
30

$64,916 53

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

$28,094
3,088
204
123

00
20
10
03

7,600
1,780
106
4,639

00
00
44
37

$45,637 89

$30,050 00
For real estate loans, .
3,800 00
share loans, .
7,505 00
dues capital (withdrawn),
profits capital
(with­
drawn) ,
425 82
293 97
temporary expenses,
3,563 10
Cash on hand Oct. 31, 1896,

$45,637 89

No. 8.]

SAYINGS BANK COMMISSIONERS

141

Total Amount of Loans at Specified Rates of Interest.
L oans

on

Amount.

Rate.

$42,560 00
14,450 00
200 00

6.30 per cent.
6.60
“
6.90
“

R eal E st a te .

L oans

Amount.

Rate.

on

Sh a r e s .

Amount.
$2,475
500
310
100
275

00
00
00
00
00

Rate.
6.30 per cent.
6.60
«
6.90
“
8.40
“
9.30
«

1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8

$54
46
39
32
25
18
12
6

Total,

•

57
96
61
47
56
86
38
10

Total
Value.

N ov.,
M ay,
N ov.,
M ay,
Nov.,
M ay,
Nov ,
May,

Shares in
Force.

D ate of
I ssu e.

Value per
Share.

Series.

Reconciliation oj Share Account with Dues and Profits Capital.

388
129
180
250
403
275
428
313

$21,173
6,057
7,129
8,117
10,300
5,186
5,298
1,909

16
84
80
50
68
50
64
30

$65,173 42

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

Total,

$59,007 00
5,515 42
651 00

$65,173 42

Number of shares issued during the y e a r , ................................................. 825
Number of shares now in f o r c e , ...........................................................2,366
Number of shares now borrowed u p o n , ..........................................................489
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ....................................... 469
Highest per centum of interest received during the year : 9 3-10.
Lowest per centum of interest received during the year: 6 3-10.
Number of members withdrawn during the y e a r , ....................................... 51
Present number of m e m b e r s ,...................................................................................281
Present number of b orrow ers,.....................................................................................60
Present number of n o n -b o rro w e rs,........................................................................ 221
Number of loans secured by first mortgage of real estate,
.
.
.
37
Number of loans on shares............................................................................................. 23
Largest loan to any one m e m b e r , .............................................................................. $3,500 00
Smallest loan to any one m e m b e r , ..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
308 97
Date of examination by commissioner: April 13.


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

142

REPORT OF THE

[Pub. Doc.

M ILFO R D C O -O P E R A T IV E B A N K — M IL FO R D .
Incorporated March 1, 1887-

Commenced business April 1, 1887.

R . C. E l d r i d g e , P r e s id e n t .
W . S. V . C o o k e , S e c r e t a r y .
W . S. V . C o o k e , T r e a s u r e r .

Names of security committee :
L. E . H e a t h ,
D . J. C r o n a n .

C. R . S c o tt ,
C. L. Cl a r k e ,

Regular meetings the first Monday of each month.

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

A sse ts.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$185,870 00
Loans on shares, .
7,925 00
Permanent expense account,
55 00
Temporary expense account,
4 50
Unpaid interest,
1,505 21
Unpaid f i nes, .
.
.
.
92 82
Insurance......................................
11 96
Cash in hands of treasurer, .
705 67

Dues capital,
$163,679 00
Profits capital (all series), .
28,986 17
Interest,
.
.
.
.
1,071 00
Fines.............................................
28 43
Withdrawal profits,
28 38
Guaranty fund, .
850 00
Surplus,
.
.
.
.
1,527 18

$196,170 16

$196,170 16

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s.

From dues capital,
interest,
.
.
.
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
municipality loan,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$43,667
11,142
256
4
27,850
7,380
321
3,000
3,739

-

00
27
11
00
00
00
22
00
36

For real estate loans, .
$44,547 00
share loans, .
6,080 00
19,762 00
dues capital (withdrawn),
dues capital (retired), .
14,529 00
profits capital
(withdrawn),
3,671 37
profits capital (retired),
4,366 46
temporary expenses,
694 46
3,000 00
municipality loan,
i nterest, .
.
.
.
4 00
Cash on hand Oct. 31, 1896,
705 67

$97,359 96

$97,359 96

No. 8.]

143

SAYINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$101,337
24,575
24,758
13,650
10,825

00
00
00
00
00

on

Rate.

R eal E sta te .

L oans

Amount.

6 per cent.
6J
“
6i
“
6g
6è
“

$3,625
5,500
400
500
700

Rate.

00
00
00
00
00

Amount.

6§ per cent.
6|
“
6l
“
7
»
n
“

$6,175
1,100
200
50
400

00
00
00
00
00

on

Sh a r e s .

Rate.
6 per cent.
6J
“
61
»
6f
“
6i
“

April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,

1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

1
•
2
.
.
3
.
4
.
5
.
6
.
7
.
8
.
9
. 10
. 11
. 12
. 13
. 14
. 15
. 16
. 17
. 18
. 19
. 20

$154
143
133
123
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

22
83
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

37
37
132
65
149
135
109
109
189
128
209
218
357
180
437
271
354
131
261
544

Total
Value.

Shares in
Force.

Series.

D a te of
I ssue.

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

$5,706
5,321
17,655
8,057
17,054
14,206
10,493
9,545
14,955
9,079
13,160
12,042
17,043
7,282
14,591
7,186
7,026
1,752
1,853
544

14
71
00
40
54
05
43
13
57
04
73
32
18
80
43
92
90
78
10
00

Dues capital, as per general ledger,
$163,679 00
Profits capital, as per
general ledger, .
28,986 17
Unpaid dues,
2,043 00

150 00
$194,708 17

Total,

$194,708 17

Number of shares issued during the y e a r , ................................................. 867
Number of shares now in f o r c e , ........................................................... 4,052
Number of shares now borrowed u p o n , ................................................. 1,255
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r ,................................................. 406
Number of shares retired during the y e a r , ................................................. 142
Highest per centum of interest received during the y ea r: 6£.
Lowest per centum of interest received during the y e a r: 6.
Number of members withdrawn during the year..............................................77
Present number of m e m b e r s ,................................................. .
.
. 576
Present number of borrowers........................................................................................ 188
Present number of non-borrowers..............................................................................388
Number o f loans secured by first mortgage of real estate,
.
.
. 212
Number of loans on s h a r e s , .................................................................................... 47
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one m e m b e r , ...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
714 46
Date of examination by commissioner: March 23.


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

144

REPORT OF THE

[Pub. Doc.

M T . W A S H IN G T O N C O -O P E R A T IV E B A N K — SOUTH
BOSTON.
Incorporated June 20, 1893.

Commenced business June 21, 1893.

T hom as J. G ib l in , P r e s id e n t .

John M . S h e a , S e c r e t a r y .

C h a s . P. M ooney , T r e a s u r e r .

Names of security committee:
C h as . M. B r o m w ic h ,
A lf r e d F . M a c d o n a l d ,
John H . G ib l in .

llegular meetings the third Wednesday of each month.

B alance Sh eet Oct.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$32,725
4,340
201
5
132
31
1,740

00
00
13
10
24
34
69

Dues capita],
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , ........................................
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$39,175 50

$36,149
2,588
215
1
9
26
32
136
16

00
33
35
13
74
94
46
55
00

$39,175 50

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$20,736
1,746
10
104

00
02
68
87
25
00
00
78
21
60
59

For real estate loans, .
$18,550 00
share loans, .
3,655 00
dues capital (withdrawn),
5,802 00
dues capital (forfeited),
88 00
profits
capital
(withdrawn),
324 46
profits capital (forfeited),
4 99
temporary expenses,
90 00
forfeited shares,
178 46
fines refunded,
1 40
Cash on hand Oct. 31, 1896,
1,740 69

$30,435 00

$30,435 00

5,875
500
81
1
35
1,343

1

No. 8.]

SAYINGS BANK COMMISSIONERS

145

Total Amount of Loans at Specified Rates of Interest.
L oans

on

R eal E state.

L oans

on

Sh ar e s.

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$27,575 00
3,550 00

6.00 per cent.
6.25
“

$1,600 00

6.30 per cent.

$4,240 00
100 00

6.00 per cent.
6.30
«

.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8

$45
38
31
24
17
13
7
1

Dues paid in advance, .
Total,

23
03
03
25
67
38
10
00

Total
Value.

1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

Shares in
Force.

Series.

D a t e op
Issu e.

June,
Dec.,
June,
Dec.,
June,
Oct.,
April,
Oct.,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

360
122
74
227
142
272
634
202

$16,282
4,639
2,296
5,504
2,509
3,639
4,501
202

80
66
22
75
14
36
40
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

2,588 33
888 00

50 00
$39,625 33

Total,

Number of shares issued during the year,
Number of shares now in f o r c e , .......................................
Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Highest per centum of interest received during the year: 6 3-10.
Lowest per centum of interest received during the y e a r: 6.
Number of members withdrawn during the year, .
Present number of m e m b e r s ,.................................................
Present number of b o rr o w e rs,.................................................
Present number of n o n -b o r r o w e r s,.......................................
Number of loans secured by first mortgage of real estate,
Number of loans on shares...........................................................
Largest loan to any one m e m b e r , .......................................
Smallest loan to any one m e m b e r ,.......................................

$39,625 33

1,164
2,033
. 420
.
25
. 398
.
11

.
.
.
.
.
.

Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : October 30.


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

$36,149 00

49
230
46
184
22
44
$4,000 00
15 00
111 72

146

REPORT OF THE

[Pub. Doc,

N E E D H A M C O -O P E R A T IV E B A N K — N E E D H A M .

Incorporated April 21, 1892.

Commenced business M ay 9, 1892.

A l b e r t E . M il l e r , P r e s i d e n t .
W . G. M o s e l e y , S e c r e t a r y .
W . G. M o se l e y , T r e a s u r e r .

Names of security committee:
E . G. P o n d ,
F. G. T u ttle ,

H ow ard A . C rossm an ,
John M o seley ,
R . G. R o p e r .

Regular meetings the first Monday after the first Friday of each month.

B alance

Sh eet O ct.

A sse ts.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$14,972
1,600
75
1,303

93
00
00
11

Dues capital,
Profits capital (all series),
Guaranty fund,
Surplus,
.
.
.
.

.

$17,951 04

$15,867
1,893
36
154

00
78
00
26

$17,951 04

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
. . .
premiums, .
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$6,113
914
52
23
600
2,625
114
2,820

00
09
70
96
00
00
90
84

$13,264 49

For real estate loans, .
share loans, .
dues capital (withdrawn),
profits capital
(withdrawn),
temporary expenses,
Cash on hand Oct. 31, 1896,

$4,822 93
2,410 00
4,286 00
375 95
66 50
1,303 11

$13,264 49

No. 8.]

SAYINGS BANK COMMISSIONERS.

147

Total Amount of Loans at Specified Rates of Interest.
L oans

on

R eal E sta te .

L oans

on

Sh a r e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$13,972 93

6.30 per cent.

$1,000 00

6.60 per cent.

$1'600 00

6.30 per cent.

1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

.
.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8
9

$61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

97
24
74
46
39
52
85
38
10

Total
Value.

M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D a te op
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

155
40
38
6
25
45
74
25
74

$9,605
2,169
1,776
236
809
1,148
1,394
309
451

35
60
12
76
75
40
90
50
40

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$15,867 00
1,893- 78
161 00

20 00
$17,921 78

Total,

$17,921 78

Number o f shares issued during the y e a r * ................................................. 154
Number of shares now in f o r c e , .....................................................................482
Number o f shares now borrowed u p o n , ........................................................... 119
Largest number of shares held by any one member,
.
.
.
.
20
Number o f shares withdrawn during the y e a r , ........................................177
Highest per centum of interest received during the year: 6 3-10.
Lowest per centum of interest received during the y e a r: 6 3-10.
Number of members withdrawn during the y e a r , ....................................... 24
Present number of members...........................................................................................96
Present number of borrowers, .
.
.
................................................. 18
Present number of n o n -b o rro w e rs,...........................................................................78
Number of loans secured by first mortgage o f real estate,
.
.
.1 8
Number o f loans on s h a r e s , ...................................................................................... 5
Largest loan to any one m e m b e r , ...............................................................................$2,400 00
Smallest loan to any one m e m b e r , ..............................................................................
150 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
91 50
Date of examination by commissioner: March 19.


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

148

REPORT OF THE

[Pub. Doc

N E W BEDFORD C O -O P E R A T IV E B A N K — N E W BE DFORD .
Incorporated July 11, 1881.

Commenced business Aug. 19, 1881.

G eorge 11. S tetson , P r e s id e n t .
C h ar l e s R . P r ic e , S e c r e t a r y .
G ideon B . W r ig h t , T r e a s u r e r .
Names of security committee :
S a m u e l S. P a in e ,
B en j . F . B r o w n e l l ,
Ja sper W . B r a l e y .
Regular meetings the third Friday of each month.
B a la n c e Sh e e t O c t .

A ssets.

Loans on real estate,
Loans on shares, .
Real estate by foreclosure,
Unpaid interest,
Unpaid fines, .
.
.
.
Unpaid dues, .
.
.
.
Furniture and fixtures, .
Personal accounts,
Cash in hands of treasurer,

31, 1896.

L ia b il it ie s .

$295,431
22,480
2,980
754
100
1,878
250
28
.
9,037

.

19
00
22
78
58
00
00
93
41

Dues capital,
$267,823 00
Profits capital (all series), .
58,469 73
Guaranty fund, .
3,758 28
Surplus........................................
2,774 32
Forfeited share account,
115 78

$332,941 11

$332,941 11

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
R e c e ip t s .

D is b u r s e m e n t s .

Ï---------------------From dues capital,
interest,
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure,
personal accounts,
Cash on hand Oct. 31, 1895, .


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

$65,998 00
19,809 93
428 21
75
74,755 00
10,920 00
599 09
86 25
312 02
3,971 20
10,669 13
20,979 66

$208,529 24

For real estate loans. .
share loans, .
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired), .
profits capital
(withdrawn),
profits capital (forfeited),
profits capital (retired),
temporary expenses,
permanent expenses,
forfeited shares,
real estate by foreclosure,
interest on retired shares,
personal accounts,
Cash on hand Oct. 31, 1896,

$89,350
18,630
37,810
314
18,082

00
00
00
00
00

6,917
110
7,058
1,857
219
319
6,951
354
11,516
9,037

11
87
71
13
50
66
42
50
93
41

$208,529 24

No. 8 .]

149

SAVINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$106,475
37,525
29,647
9,725
21,525
13,825
5,775
6,800
10,475
17,150
11,875
4,483
4,075
4,150
7,000

00
00
94
00
00
00
00
00
00
00
00
25
00
00
00

on

L oans

B eal E sta te .

Amount.

Bate.

Amount.

Bate.

6.06 per cent.
6.12
6.18
“
6.24
6 30
«
6.36
6.42
6.48
“
6.54
“
6.60
«
6.66
“
6.72
“
6.78
«
6.84
“
6.90

$650
1,775
500
675
525
550
100
150

6.96 per cent.
7.02
7.08
“
7.14
7.20
“
7.32
7.38
“
7.56

00
00
00
00
00
00
00
00

$6,840
7,245
2,110
1,250
500
1,555
40
560
550
195
85
660
580
100
210

00
00
00
00
00
00
00
00
00
00
00
00
0Ò
00
00

on

S h ares.

Bate.
6.06 per cent.
6.12
6.18
“
6.24
“
6.30
“
6.36
“
6.42
“
6.54
“
6 72
“
6.78
“
6.84
6.96
“
7.02
“
732
7.56

1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

$187
176
165
154
143
133
123
113
104
95
86
78
69
62
■ 54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,


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

87
30
01
09
50
26
34
72
41
38
65
19
97
00
27
76
48
40
53
85
38
10

Total
Value.

N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
Nov ,
M ay,
N ov.,
M ay,
N ov.,
M ay,
Nov ,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D a te of
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

15
110
117
134
87
207
188
165
163
208
163
215
257
243
243
337
399
299
377
411
448
602

$2,818
19,393
19,306
20,648
12,484
27,584
23,187
18,763
17.018
19,839
14,123
16,810
17,982
15,066
13,187
15,758
15,752
9,687
9,624
7,747
5,546
3,672

.

05
00
17
06
50
82
92
80
83
04
95
85
29
00
61
12
52
60
81
35
24
20

Dues capital, as per gen$267,823 00
eral ledger,
Profits capital, as per
58,469 73
general ledger, .

289 00
$326,292 73

Total,

$326,292 73

150

REPORT OF THE

Number of shares issued during the year,
Number of shares now in force,
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year,
Present number of members,
.
.
.
.
Present number of borrowers, .
.
.
.
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate
Number of loans on shares,
.
.
.
.
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the ye
Date of examination by commissioner: July 20.


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

[Pub. Doc.
1,249
5,388
2,365
25
999
35
141
$0 06
01

.

145
717
267
450
181
86
5,000 00
10 00
1,881 08

/

No. 8.]

151

SAYINGS BANK COMMISSIONERS.

N E W B ÏÏR Y P O E T C O -O P E R A T IV E B A M - N E W B U R Y PORT.
Incorporated March 15, 1888.

Commenced business April 9, 1888.

C h ar le s H . G o o dw in , P r e s id e n t .
G eorge E . S t ic k n e y , S e c r e t a r y .
G eorge E . S t ic k n e y , T r e a s u r e r .

Names of security committee:
C h a s . H . G o o d w in ,
W . H e rbert N o yes ,
L eonard N . K e n t .

Regular meetings the second Monday of each month.

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

31, 1896.

A ssets.

L ia b il it ie s .

$149,010 00
Loans on real estate,
3,076 00
Loans on shares, .
170 13
Temporary expense account,
200 00
Furniture and fixtures, .
905 65
Cash in hands of treasurer, .

Dues capital,
$128,195 00
22,109 90
Profits capital (all series), .
719 18
Interest,
.
.
.
.
45 80
Premiums, .
.
.
.
16 00
F i n e s , .......................................
50
Transfer fees,
Withdrawal profits,
49 37
1,030 00
Guaranty fund, .
Surplus,
.
.
.
.
1,196 03

$153,361 78

$153,361 78

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
expense,
city note,
Cash on hand Oct. 31, 1895, .


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

00
66
40
60
75
00
00
85
99
00
11

$22,150 00
For real estate loans, .
share loans, .
4,650 00
21,480 00
dues capital (withdrawn),
dues capital (retired), .
18,795 00
profits capital
(with3,286 86
drawn),
3,424 43
profits capital (retired),
1,085 42
temporary expenses,
15,000 00
city note,
905 65
Cash on hand Oct. 31, 1896,

$90,777 36

$90,777 36

$40,645
9,345
602
194
1
15,000
4,184
559
21
15,000
5,222

REPORT OF THE

152

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

00
00
00
00

R eal E st a te .

L oans

on

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.
6.60
6.90
«
7.20
“

$5,300 00
2,300 00
200 00

7.50 per cent.
7.80
8.10
“

$3,076 00

6.30 per cent.

Amount.
$131,960
3,700
2,750
2,800

on

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

$133
123
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

•

75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

Total
Value.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

Shares in
Force.

Series.

D a t e of
I ssue.

April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

116
109
120
90
97
115
121
135
143
123
244
112
182
229
525
264
284
242

$15,515
13,511
13,735
9,470
9,338
10,070
9,574
9,575
9,004
6,794
11,648
4,531
6,076
6,073
10,421
3,532
2,016
242

00
64
20
70
19
55
73
55
71
52
56
52
98
08
25
32
40
00

Dues capital, as per general ledger,
$128,195 00
Profits capital, as per
22,109 90
general ledger, .
868 00
Unpaid dues,

40 00
$151,172 90

Total,

Number of shares issued during the year,
Number of shares now in f o r c e , .......................................

$151,172 90

.

Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the y e a r ,.
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .
.
Present number of m e m b e r s , .................................................
.
Present number of b o r r o w e r s ,.................................................
.
.
Present number of n o n -b o r r o w e r s ,.......................................
.
Number of loans secured by first mortgage of real estate,
.
Number of loans on s h a r e s , .................................................
Largest loan to any one m e m b e r , ........................................
.
.
Smallest loan to any one m e m b e r , .......................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : December 11.


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

533

3,251
. 939
.
25
. 512
. 295
.

$0 05
05

110
465
136
329
141
19

.

4,600 00
50 00
1,063 43

No. 8.]

SAVINGS BANK COMMISSIONERS

153

N E W T O N C O -O P E E A T IV E B A N K - N E W T O N V IL L E .
Incorporated June 14, 1888.

Commenced business Sept. 4, 1888.

F rancis A . D e w s o n , P r e s id e n t .
J. C h e e v e r F u l l e r , S e c r e t a r y .
J. C h e e v e r F u l l e r , T r e a su r e r .
Names of security committee:
J. W . F r e n c h ,
J. F . H e c k m a n ,
T . B . F it z p a t r ic k ,
G . F . S im pson ,
J. F. H a l e .
Regular meetings the first Tuesday of each month.
B a l a n c e Sh e e t O c t .

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$380,950 00
Loans on shares, .
15,045 00
Temporary expense account,
338 73
Cash in hands of treasurer, .
716 46

Dues capital,
$339,221 00
Profits capital (all series), .
48,101 19
Interest,
.
.
.
.
3,986 67
Premiums, .
.
.
.
278 00
F i n e s , .......................................
82 35
Withdrawal profits,
492 85
Guaranty fund, .
2,450 00
Surplus........................................
2,438 13

$397,050 19

$397,050 19

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

D is b u k s e m e n t s .

From dues capital,
$126,303 00
interest,
21,661 05
premiums, .
1,670 54
fines,
.
.
.
.
446 23
real estate loans repaid,
108,200 00
share loans repaid,
13,160 00
withdrawal profits,
1,529 47
security committee,
84 00
Cash on hand Oct. 31, 1895, .
509 11

For real estate loans, .
$153,725 00
share loans, .
18,495 00
dues capital (withdrawn),
65,519 00
dues capital (retired), .
19,650 00
profits capital
(with­
drawn),
.
.
.
7,597 01
profits capital (retired),
3,871 75
temporary expenses,
2,846 25
permanent expenses,
587 78
interest on retired shares,
461 15
security committee,
94 00
Cash on hand Oct. 31, 1896,
716 46

$273,563 40

$273,563 40


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

[Pub. Doc

REPORT OF THE

154

Total Amount of Loans at Specified Rates of Interest.
Loans

on

L oans

Real E state.

Rate.

$297,900 00
59,700 00
15,600 00

6.30 per cent.
6.60
6.90
«

$4,750 00
3,000 00

Sh a k e s .

Rate.

Amount.

Rate.

7.20 per cent.
7.50
“

$11,395 00
3,650 00

6.30 per cent.
6.60
“

Amount.

Amount.

on

Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
Mar ,
Sept.,
M ar..
Sept.,
M ar.,
Sept.,
Mar ,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

$124
115
106
97
88
80
71
63
56
48
41
34
27
20
14
8
2

96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

370
245
129
302
223
351
270
395
313
614
439
782
769
1,309
1,217
2,217
1,168

$46,235
28,287
13,703
29,375
19,751
28,125
19,421
25,268
17,603
29,926
18,200
26,892
21,162
27,292
17,500
17,957
2,336

20
70
67
54
11
63
10
15
12
36
94
98
88
65
46
70
00

Dues capital, as per general ledger,
$339,221 00
Profits capital, as per
general ledger, .
48,101 19
Unpaid dues,
2,633 00

914 00

Dues paid in advance, .
Total,

Total
Value.

Shares in
Force.

D ate of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

•

$389,955 19

Total,

Number of shares issued during the year,
Number of shares now in f o r c e , ........................................
Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .
Present number of m e m b e r s ,.................................................

$389,955 19

4,116
11,113
2,332
.
25
2,635
.

257
$0 10
05

.

205
1,200
. 230
. 970
. 206
.
44

Present number of borrowers, .
.
.
.
Present number of n o n -b o rro w e rs,.......................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , .................................................
Largest loan to any one m e m b e r , ........................................
Smallest loan to any one m e m b e r , .......................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : February 25.


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

/

.

5,000 00
50 00
3,434 03

No. 8.]

155

SAYINGS BANK COMMISSIONERS.

N O R T H A B IN G T O N C O -O P E R A TIV E B A N K — N O RTH
A B IN G T O N .
Incorporated March 23, 1888.

Commenced business April 4, 1888.

L e w is A . C bossett , P r e s id e n t .
E rnest W . C a l k in s , S e c r e t a r y .
E d w a r d P. B oynton , T r e a su r e r .
Names of security committee:
J oseph L . G r e e n w o o d ,
E l ip h a l e t R . B a te s ,
Sa m u e l N . T u r n e r .
Regular meetings the first Wednesday of each month.
B a l a n c e Sh e e t O c t.

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Real estate tax account,
Cash in hands of secretary, .
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$54,050
1,250
17
284
14
41
51
26
2,405

00
00
50
25
55
78
28
50
44

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$58,141 30

$47,251
9,286
292
15
16
61
201
1,016
1

00
28
08
00
14
25
76
00
21
58

$58,141 30

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
tax account,
real estate by foreclosure,
Cash on hand Oct. 31, 1896, .


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

D is b u r s e m e n t s .

$12,422
3,285
165
163
4,800
2,300
223
28
183
4

00
44
10
40
50
00
00
42
99
26
00

2,843 29
2,935 40
$29,354 80

For real estate loans, .
$12,350 00
share loans, .
1,850 00
dues capital (withdrawn),
6,445 00
dues capital (forfeited),
479 00
dues capital (retired), .
2,557 00
profits capital (withdrawn),
894 98
profits capital (forfeited),
116 06
profits capital (retired),
722 25
temporary expenses,
206 25
forfeited shares,
187 32
real estate by foreclosure,
1,115 00
Cash on hand Oct. 31, 1896,
2,431 94

$29,354 80

[Pub. Doc.

REPORT OF THE

156

Total Amount of Loans at Specified Rates of Interest.
L oans

on

L oans

R eal E st a te .

on

Sh a k e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$54,050 00

6.30 per cent.

-

-

$1,250 00

6.30 per cent.

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

$133
123
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

Total
Value.

April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct.. 1895,
April, 1896,
Oct., 1896,

Shares in
Force.

D a te of
I ssu e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

92
49
51
36
27
27
55
8
34
83
73
28
90
39
49
100
194
62

$12,305
6,074
5,837
3,788
2,599
2,364
4,352
567
2,140
4,584
3,485
1,132
3,005
1,034
972
1,338
1,377
62

00
04
46
28
29
39
15
44
98
92
02
88
10
28
65
00
40
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$47,251 00
9,286 28
490 00

6 00
$57,027 28

Total,

$57,027 28

Number o f shares issued during the y e a r , ..................................................283
Number of shares now in f o r c e , ........................................................... 1,097
Number of shares now borrowed u p o n , ...........................................................301
Largest number of shares held by any one member........................................ 20
Number of shares withdrawn during the y e a r , ........................................177
Number of shares forfeited during the y e a r , ................................................. 7
Number o f shares retired during the y e a r , ................................................. 27
Highest premium received during the y e a r , ........................................................... $0 05
Lowest premium received during the y e a r , ...........................................................
Number of members withdrawn during the y e a r , ........................................26

05

Present number of members..........................................................................................215
Present number of b o r r o w e r s ,.....................................................................................57
Present number of n o n -b o rro w e rs,......................................................................... 158
Number of loans secured by first mortgage Of real estate,
.
.
.
59
Number of loans on s h a r e s , .......................................................................................5
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one member.....................................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
Date of examination by commissioner: April 13.


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

3,000 00
50 00
236 25

No. 8.]

SAYINGS BANK COMMISSIONERS.

157

N O R T H A M P T O N C O -O P E R A T IV E B A N K — N O R T H AM P TO N .
Incorporated M ay 21, 1889.
E . C. D a v is , P r e s id e n t .
,

Commenced business M ay 24, 1889.
H . R . G raves, S e c r e ta r y .

L . L . C a m p b e l l , T r e a su r e r .

Names of security committee :
C. S. C rouch ,
S. R . C o oley ,
L . L . Ca m p b e l l .

Regular meetings the first Monday of each month.

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

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$140,550 00
Loans on shares, .
3,315 00
Unpaid interest,
546 60
Unpaid premiums,
69 05
Unpaid fines.................................
134 73
Unpaid dues, .
.
.
.
952 00
Cash in hands of secretary, .
180 00
Cash in hands o f treasurer, .
492 53

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$146,239 91

.

$124,877
19,840
270
1,035
216

00
51
16
57
67

$146,239 91

Detailed Statement of Receipts and Disbursements for the Year Endinq
Oct. 31, 1896.

R e c e ip t s .

From dues capital, * .
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$39,931
7,470
714
228
1
19,100
2,610
125
3
203
4,303

00
72
79
43
75
00
00
58
50
97
41

For real estate loans, .
$51,600 00
share loans, .
2,305 00
dues capital (withdrawn),
13,808 00
dues capital (forfeited),
199 00
dues capital (retired), .
3,205 00
profits capital
(withdrawn),
1,354 54
profits capital (forfeited),
8 47
profits capital (retired),
670 00
temporary expenses,
756 86
permanent expenses,
59 00
interest on retired shares,
54 75
Cash on hand Oct. 31, 1896,
672 53

$74,693 15

$74,693 15

158

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$17,600
63,450
32,850
20,400

00
00
00
00

on

R bal E sta te .

L oans

on

Sh a k e s .

Rate.

Amount.

Rate.

Amount.

Rate.

6.00 per cent.
6.30
6.60
“
6.90

$3,700 00
1,550 00
1,000 00

7.20 per cent.
7.50
»
7.80
»

$2,030 00
760 00
525 00

6.00 per cent.
6.30
6.60
“

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

$111
102
93
85
76
69
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

84
82
96
32
92
89
05
29
76
46
39
52
85
38
10

Total
Value.

June,
Dec.,
June,
Dec.,
June,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov .,
M ay,
N ov.,
M ay,

Shares in
Force.

of

I ssd e.

Value per
Share.

Date

Series.

Reconciliation of Share Account with Dues and Profits Capital.

294
90
68
88
105
203
154
216
273
132
161
255
401
417
428

$32,880
9,253
6,389
7,508
8,076
14,187
9,555
11,726
12,765
5,208
5,214
6,507
7,558
5,162
2,610

96
80
28
16
60
67
70
64
48
72
79
60
85
46
80

Dues capital, as per general ledger,
$124,877 00
Profits capital, as per
general ledger, .
19,840 51

110 00
$144,717 51

Total,

Number of shares issued during the y e a r , ........................................
Number of shares now in force......................................................................
Number of shares now borrowed upon.......................................................
Largest number o f shares held by any one member,
Number of shares withdrawn during the year,
.
.
.
.
Number o f shares forfeited during the y e a r , .......................................
Number of shares retired during the y e a r , ....................................... ..
Highest per centum of interest received during the year : 9 3-10.
Lowest per centum of interest received during the year : 6.
Number of members withdrawn during the year...................................
Present number o f m e m b e r s ,.....................................................................
Present number of b orro w e rs,.....................................................................
Present number of n o n -b o rro w e rs,...........................................................

.

965
3,285
. 832
.
25
. 579
6
.
40

. 142
. 533
. 139
. 394
. 105
.
34


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

.

o
o
o

Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: May 7.

m

Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , .....................................................................
Largest loan to any one m e m b e r , ...........................................................
Smallest loan to any one member.................................................................

$144,717 51

00
25 00
815 86

No. 8.]

159

SAYINGS BANK COMMISSIONERS.

N O R T H D IG H T O N C O -O P E R A TIV E B A N K — NO RTH
D IG H T O N .
Incorporated April 14, 1890.

Commenced business April 21,1890.

J oseph P h il b r ic k , P r e s id e n t .
N a t h a n ie l R . L incoln , S e c r e t a r y .
E d w a r d L in co l n , T r e a su r e r .

Names of security committee:
E dward A lm t,
Jam es M . L in co l n ,
W il l ia m T . P l a c e .

Regular meetings the second Monday of each month.

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

31, 1896.

L ia b il it ie s .

A sse ts.

1
Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid fines, .
.
.
.
Pass-book account,
Cash in hands of treasurer, .

$41,400
900
64
3
23
321

00
00
25
74
30
38

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
Fines, .
Guaranty fund, .
Surplus........................................

$42,712 67

$36,416
4,581
1,364
71
16
132
129

00
36
77
70
66
87
31

$42,712 67

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 31, 1896.

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
notes receivable, .
pass-book account,
Cash on hand Oct. 31, 1895, .


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

$11,300
2,374
123
45
4,350
1,305
600
3
1,181

00
76
50
97
00
00
00
60
20

$14,500 00
For real estate loans, .
1,780 00
share loans, .
dues capital (withdrawn),
4,020 00
profits capital
(with­
drawn),
542 25
temporary expenses,
120 40
321
38
Cash on hand Oct. 31, 1896,

$21,284 03

$21,284 03

160

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Bates of Interest.
L oans

on

R e al E sta te .

L oans

Amount.

Rate.

Amount.

Rate.

$41,400 00

6.30 per cent.

-

-

on

Sh a r e s .

Amount.
$900 00

Rate.
6.30 per cent.

1890,
1891,
1892,
1893,
1894,
1895,
1896,

.
.
.
.
.
.
.

1
2
3
4
5
6
7

Total,

$93
76
61
46
32
19
7

15
80
20
44
52
39
00

Total
Value.

April,
April,
April,
April,
April,
April,
April,

Shares in
Force.

D ate of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

233
49
62
61
84
211
311

$21,703
3,763
3,794
2,832
2,731
4,091
2,177

95
20
40
84
68
29
00

$41,094 36

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$36,416 00

Total,

4,581 36
97 00

$41,094 36

Number of shares issued during the y e a r , ................................................. 354
Number of shares now in f o r c e , ........................................................... 1,011
Number of shares now borrowed u p o n , ........................................................... 285
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ....................................... 131
Highest premium received during the y e a r , ........................................................... $0 05
Lowest premium received during the year....................................................................
Number of members withdrawn during the y e a r , ....................................... 10
Present number of m e m b e r s ,........................................................... .........
. 150
Present number of b o r r o w e r s ,.................................................................................... 44
Present number of no n -bo rro w ers,.........................................................................106
Number of loans secured by first mortgage of real estate,
.
.
.
38
Number of loans on s h a r e s , ...................................................................................... 6
Largest loan to any one m e m b e r , ..............................................................................
Smallest loan to any one member.....................................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
Date of examination by commissioner : A ug. 31.


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

05

1,800 00
25 00
140 40

No. 8.]

161

SAYINGS BANK COMMISSIONERS.

N O RTH E A ST O N C O -O P E R A T IV E B A N K — NO R TH
EA STO N .
Incorporated April 23, 1889.

Commenced business April 23, 1889.

L . B . C rockett , P r e s id e n t .
V

V
m.

m.

H . Cl e m e n t s , S e c r e t a r y .

H . Cle m e n t s , T r e a su r e r .

Names of security committee :
E d w . R. H ayw ard,
H ir am W
L. L. B erry.

il l ia m s ,

Regular meetings the third Monday of each month.
B a l a n c e Sh e e t O c t.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest,
.
.
,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$77,810
2,542
30
26
526
40
37
1,421

00
00
00
00
49
75
75
95

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$82,434 94

$68,961
10,864
554
44
23
21
728
1,221
15

00
47
15
69
14
95
23
97
34

$82,434 94

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
retired share account, .
real estate by foreclosure,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$21,704
4,673
456
229
1
15,350
368
151
38
67
12,947

00
46
67
25
00
00
00
27
89
30
03

950 00
4,843 07

$61,779 94

$24,660 00
For real estate loans, .
2,280 00
share loans, .
4,979 00
dues capital (withdrawn),
dues capital (forfeited),.
257 00
10,183 00
dues capital (retired), .
profits capital (withdrawn),
627 11
45 03
profits capital (forfeited),
2,510 52
profits capital (retired),
temporary expenses,
357 14
53 25
permanent expenses,
78 30
forfeited shares,
950 00
real estate by foreclosure,
13,144 59
retired share account, .
233 05
interest on retired shares,
1,421 95
Cash on hand Oct. 31, 1896,
$61,779 94

162

[Pub. Doc,

REPORT OF THE

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$6,650
40,010
17,650
6,800

00
00
00
00

on

R eal E sta te .

L oans

Rate.

Rate.

Amount.

6.00 per cent.
6.30
6.60
“
6.90
»

$4,000 00
1,800 00
900 00

on

Sh ak es.

Amount.

7.20 per cent.
7.50
“
8.10
“

$1,812
500
100
130

00
00
00
00

Rate.
6.30 per cent.
6.60
“
6.90
“
7.20
“

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12

13
14
15
16

$118
108
99
90
81
72
64
56
48
41
33
26
19
13
7

1 00

Dues paid in advance, .
Total,

52
77
29
09
18
60
28
27
50
00
75
74
96
43
11

Total
Value.

April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct ,
April,
Oct.,

Shares in
Force.

D ate of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

5

$592
2,392
7,546
3,693
13,313
5,009
8,099
9,734
5,820
6,642
7,222
4,786
2,674
1,665
1,187
114

22

76
41
164
69
126
173
120

162
214
179
134
124
167
114

60
94
04
69
52
40
28
71
00
00
50
46
64
32
37
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$68,961 00
10,864 47
722 00

53 00
$80,547 47

Total,

$80,547 47

Number of shares issued during the y e a r , ................................................. 345
Number of shares now in f o r c e , ........................................................... 1,890
Number o f shares now borrowed u p o n , ........................................................... 467
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 180
Number of shares forfeited during the y e a r , ................................................. 7
Number of shares retired during the y e a r , ................................................. 125
Highest per centum of interest received during the y ea r: 6 3-5.
Lowest per centum of interest received during the y ea r: 6.
Number of members withdrawn during the y e a r , ....................................... 30
Present number o f m e m b e r s ,.................................................................................. 281
Present number of b o r r o w e r s,.................................................................................... 87
Present number of n o n -b o rro w e rs,.........................................................................194
Number of loans secured by first mortgage of real estate,
.
.
.
87
Number of loans on s h a r e s , .....................................................................................11
Largest loan to any one m e m b e r , ............................................................................... $3,000 00
Smallest loan to any one m e m b e r ,............................................................................... 12 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: February 25.


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

.

380 39

No. 8.]

SAYINGS BANK COMMISSIONERS

163

NO RW O O D C O -O P E R A TIV E BA1NTK — N O R W O O D .

Incorporated Sept. 20, 1889.

Commenced business Oct. 1, 1889.

F ran cis 0 . 'W in s l o w , P r e s id e n t .
I r v in g S. F ogg , S e c r e t a r y .
I r v in g S. F ogg , T r e a su r e r .

Names of security committee :
T yler T h ayer,
G eorge W . G a y ,
E dm und J. S h a t t u c k .

Regular meetings the first Tuesday of each month.

B alan c e Sh eet O c t.

A ssets.

Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid premiums,
Unpaid f i nes, .
.
.
.
Cash in hands of treasurer, .

31,1896.

L ia b il it ie s .

$80,420
1,370
197
10
26
4,947

00
00
21
75
84
02

Dues capital,
Profits capital (all series), .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
.
.
.
.
Surplus,

$86,971 82

$75,135 00
10,704 68
25
16 06
150 00
965 83
$86,971 82

«

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

$27,348
4,500
227
73
2,730
800
207
2,521

00
42
60
74
25
00
00
58
47

$38,409 06

For real estate loans, share loans, .
dues capital (withdrawn),
dues capital (retired), .
profits
capital (withdrawn),
profits capital (retired),
temporary expenses,
permanent expenses,
interest on retired shares,
Cash on hand Oct. 3 1 ,1 8 9 6 ,.

$17,000
1,200
9,382
3,879

00
00
00
00

838
728
286
35
111
4,947

47
50
81
92
34
02

$38,409 06

164

[Pub. Doc,

REPORT OF THE

Total Amount of Loans at Specified Rates of Interest.
L oans

on

R eal E st a te .

L oans

Amount.

Rate.

Amount.

Rate.

$80,420 00

6.30 per cent.

-

-

on

Sh ak es.

Amount.
$225 00
1,145 00

Rate.
6.00 per cent.
6.30

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

$105
96
87
79
70
62
55
47
40
, 33
26
19
13
7
1

Dues paid in advance, .
Total,

23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

Total
Value.

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

Shares in
Force.

Series.

D a te of
I ss u e .

Oct., 1889,
April, 1890,
Oct., 1890,
April. 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

162
96
28
47
142
81
112
148
88
178
132
304
272
431
228

$17,047
9,241
2,451
3,719
10,072
5,100
6,186
7,065
3,560
5,943
3,500
6,034
3,639
3,060
228

26
92
96
11
06
57
88
52
48
42
64
40
36
10
00

.

26 00

•

$86,877 68

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

Total,

$75,135 00
10,704 68
1,038 00

$86,877 68

Number of shares issued during the y e a r , ................................................. 807
Number o f shares now in force...................................................................... 2,449
Number of shares now borrowed upon.................................................................475
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................502
Number of shares retired during the y e a r , ..................................................50
Highest premium received during the y e a r , ...........................................................
Lowest premium received during the y e a r , ...........................................................
Number of members withdrawn during the year.............................................. 60
Present number of m e m b e r s ,...................................................................................412
Present number of b o r r o w e r s ,.....................................................................................92
Present number o f n o n -b o r r o w e r s ,........................................................................ 320
Number of loans secured by first mortgage of real estate,
.
.
.
87
Number of loans on s h a r e s , ..................................................................................... 14
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r ,...............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : Augugt 28.


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

$0 05
05

5,000 00
25 00
352 73

No. 8.]

SAYINGS BANK COMMISSIONERS.

165

O R AN G E C O -O P E R A T IV E B A N K -O R A N G E .
Incorporated Jan. 8, 1889.

Commenced business Jan. 23, 1889.

F r a n k S. E w i n g , P r e s id e n t .
E l is h a S. H a l l , S e c r e t a r y .
E l is h a S. H a l l , T r e a s u r e r .

Names of security committee :
Jam es A . M cK e n n a ,
John L . W
A d e l b e r t W . B all ou .

il l ia m s ,

Regular meetings the fourth Wednesday of each month.

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

A sse ts.

Loans on real estate,
Loans on shares, .
Permanent expense account,.
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$71,125
4,910
51
2,169

00
00
24
57

Dues capital,
Profits capital (all series), .
Interest........................................
Premiums, .
.
.
.
F i n e s , .......................................
Transfer fees,
.
.
.
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$78,255 81

$65,767
10,292
1,405
10
46
59
214
454
6

00
52
14
40
47
25
07
18
78
00

$78,255 81

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.
R e c e ip t s.

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s -

$19,751
4,370
49
136
1
7,675
5,880
138
2,411

00
47
95
59
00
00
00
11
94

For real estate loans, .
$12,525 00
share loans, .
3,920 00
dues capital (withdrawn),
10,542 00
dues capital (retired), .
7,728 00
profits capital
(with­
drawn),
1,309 94
profits capital (retired),
1,831 02
temporary expenses,
231 12
interest on retired shares,
157 41
Cash on hand Oct. 31, 1896,
2,169 57

$40,414 06

$40,414 06

[Pub. Doc

REPORT OF THE

166

Total Amount of Loans at Specified Rates of Interest.
L oans

on

Amount.

Rate.

$67,365 00
2,530 00
650 00

6.00 per cent.
6.30
“
6.60
“

R eal E sta te .

L oans

Sh a r e s .

Rate.

Amount.

Rate.

6.90 per cent.
7.80
«

$4,910 00

6.00 per cent.

Amount.

$450 00
130 00

on

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

$117
108
99
90
82
73
66
58
50
43
36
29
22
16
10
4

Dues paid in advance, .
Total,

67
39
39
66
18
98
00
27
77
49
41
53
85
38
10
00

Total
Value.

Jan.,
Julv,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
Julv,
Jan.,
Julv,
Jan.,
July,

Shares in
Force.

D a t e ob'
Issue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

123
61
63
54
76
83
118
55
96
74
66
122
104
73
292
196

$14,473
6,611
6,261
4,895
6,245
6,140
7,788
3,204
4,873
3,218
2,403
3,602
2,376
1,195
2,949
784

41
79
57
64
68
34
00
85
92
26
06
66
40
74
20
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$65,767 00
10,292 52
1,017 00

52 00
$77,076 52

Total,

$77,076 52

Number of shares issued during the y e a r , ................................................. 542
Number of shares now in f o r c e , ........................................................... 1,656
Number of shares now borrowed u p o n , ........................................................... 506
Largest number of shares held by any one member........................................ 25
Number of shares withdrawn during the y e a r , ........................................342
Number o f shares retired during the y e a r , ................................................. 88
Highest per centum of interest received during the year, 6.
Lowest per centum of interest received during the year, 6 .
Number of members withdrawn during the y e a r , ........................................48
Present number of m e m b e r s ,...................................................................................250
Present number of b o r r o w e r s ,.................................................................................... 88
Present number of n o n -b o r r o w e r s,......................................................................... 162
Number of loans secured by first mortgage of real estate,
.
.
. 100
Number of loans on s h a r e s , .....................................................................................24
Largest loan to any one m e m b e r , ...............................................................................$2,900 00
Smallest loan to any one m e m b e r ,.............................................................................
40 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
249 00
Date of examination by commissioner: March 16.


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

No. 8.]

167

SAYINGS BANK COMMISSIONERS

P E A B O D Y C O -O P E R A T IV E B A N K — P E A B O D Y .
Incorporated May 28, 1888.

Commenced business June 16, 1888.

G eorge F. Sa n g e r , P r e s id e n t .
H a r r y F. W

H arry F. W

a l k e r , S ec reta ry.

a l k e r , T r e a su r e r .

Names of security committee :
N . M . Q u in t ,
S. S. L it t l e f ie l d ,
T . H . Ja c k m a n .

Regular meetings the third Saturday of each month.

B a la n c e Sh ee t O c t .

31, 1896.

L ia b il it ie s .

A ssets.

00
00
50
84

Dues capital,
$155,937 00
23,232 68
Profits capital (all series), .
4,029 35
Interest,
.
.
.
.
272 29
Premiums, .
.
.
.
59 86
F i n e s , ........................................
1 00
Transfer fees,
65 81
Withdrawal profits,
398 03
Guaranty fund, .
1,872 32
Surplus,
.
.
.
.

$185,868 34

$185,868 34

$ 177,400
Loans on real estate,
4,800
Loans on shares, .
12
Temporary expense account,
3,655
Cash in hands of treasurer, .

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits.
real estate by foreclosure,
Cash on hand Oct. 31, 1895, .


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

$47,318
10,195
693
143
2
22,300
1,700
143

00
38
71
05
00
00
00
39

For real estate loans, .
share loans, .
dues capital (withdrawn)
profits capital
(withdrawn),
temporary expenses,
permanent expenses,
interest, .
.
.
.
Cash on hand Oct. 31,1896,

$43,800 00
4,450 00
29,941 00
5,368
599
175
46
3,655

49
21
00
25
84

2,231 52
3,308 74
$88,035 79

$88,035 79

[Pub. Doc

REPORT OF THE

168

Total Amount of Loans at Specified Bates of Interest.
L oans

L oans

R eal E state.

on

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.
6.60
“

$3,350 00

6.90 per cent.

$4,800 00

6.30 per cent.

Amount.
$126,650 00
47,400 00

on

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

$128
118
109
100
91
83
75
67
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

20
70
46
48
76
29
07
10
35
82
52
43
55
86
38
10
00

Total
Value.

June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

Shares in
Force.

D a t e of
I ssue.

Value per
Share.

Series.

Beconcilialion of Share Account with Dues and Profits Capital.

248
67
149
84
135
120
162
82
147
142
407
319
218
264
468
509
496

$31,793
7,952
16,309
8,440
12,387
9,994
12,161
5,502
8,724
7,358
18,119
11,940
6,659
6,299
8,133
5,649
2,480

60
90
54
32
60
80
34
20
45
44
64
17
90
04
84
90
00

Dues capital, as per general ledger,
$155,937 00
Profits capital, as per
23,232 68
general ledger, .
815 00
Unpaid dues,

77 00
$179,984 68

Total,

$179,984 68

Number of shares issued during the y e a r , ....................................... 1,104
Number of shares now in f o r c e , ........................................................... 4,017
Number of shares now borrowed u p o n , ................................................. 1,047
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................737
Highest premium received during the y e a r , ........................................................... $0 10
Lowest premium received during the y e a r , ...........................................................
05
Number of members withdrawn during the y e a r , ........................................78
Present number of members......................................................................................... 534
Present number of b o r r o w e r s ,...................................................................................144
Present number of non-borrowers.............................................................................. 390
Number of loans secured by first mortgage of real estate,
.
.
. 164
Number of loans on s h a r e s , .................................................................................... 20
Largest loan to any one m e m b e r , ...............................................................................
4,300 00
Smallest loan to any one m e m b e r , ...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
774 21
Date of examination by commissioner : September 17.


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

No. 8.]

SAVINGS BANK COMMISSIONERS

1C9

P E O P LE ’S C O -O P E R A TIV E B A N K — F A L L R IV E R .
Incorporated Feb. 18, 1882.
M ilton R ee d , P r e s id e n t .

Commenced business March 15, 1882.

C har les H . D u r f e e , S e c r e t a r y .
C h ar le s H . D u r f e e , T r e a su r e r .

John H . E stes ,
J. P. P r e n tiss ,
S eth R . T h om as ,
A . P. D a v o l ,
P a t r ic k K ie r a n .

Regular meetings the third Wednesday of each month.

B alance Sheet Oct. 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$210,600 00
Loans on shares, .
6,250 00
Real estate by loreclosure, .
5,818 81
Unpaid interest,
858 00
88 90
Unpaid premiums,
Unpaid fines, .
.
.
.
105 50
Unpaid dues, .
.
.
.
1,191 00
Cash in hands o f treasurer, .
9,370 35

Dues capital,
$195,862 00
Profits capital (all series), .
35,244 39
Guaranty fund, .
926 04
Surplus,
.
.
.
.
1,953 19
Forfeited share account,
296 94

$234,282 56

$234,282 56

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 31, 1896.

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
forfeiture profits, .
forfeited shares, .
real estate, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$64,560
13,257
1,193
374
42,550
8,600
58
1,370
199
5,321

00
31
34
49
00
00
08
13
93
83

For real estate loans, .
$62,250 00
share loans, .
9,850 00
dues capital (withdrawn)
38,836 00
dues capital (forfeited),
1,206 00
dues capital (matured),
851 00
profits capital
(withdrawn),
5,773 35
profits capital (forfeited),
222 21
395 04
profits capital (matured),
temporary expenses,
982 94
forfeited shares,
1,729 48
real estate,
918 74
real estate loans charged
off,
.
.
.
5,100 00
Cash on hand Oct. 31, 1896,
9,370 35

$137,485 11

$137,485 11

170

REPOET OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

00
00
00
00

R eal E state.

L oans

on

Sh ak es.

Rate.

Amount.

Rate.

Amount.

Rate.

6.00 per cent.
6.30
“
6.60
“
6.90
“

$2,850 00

7.20 per cent.

$700
1,700
850
3,000

6.30 per cent.
6.60
“
6.90
“
7.20
“

Amount.
$600
27,550
164,700
14,900

on

00
00
00
00

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

Total,

$207
195
187
175
164
153
143
132
123
113
104
95
86
78
69
61
54
46
39
32
25
18
12
6

19
01
08
58
44
56
09
96
08
53
32
25
51
07
84
89
18
69
42
35
50
84
38
10

Total
Value.

1885, .
1885, .
1885, .
1886, .
1886, .
1 8 8 7 ,.
1 887 , .
1888 , .
1 888 , .
1889, .
1 889 , .
1890, .
1890 , .
1891, .
1891 , .
1892, .
1892, .
1 893 , .
1893, .
1894, .
1 894 , .
1895, .
1895, .
1896 , .

Shares in
Force.

Jan.,
July,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N o v .,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,

Value per
Share.

D ate of
I ss u e .

Series.

Reconciliation of Share Account with Dues and Profits Capital.

10
9
30
46
31
25
73
68
122
41
112
177
168
173
99
288
121
3 13
341
3 05
3 58
828
838
753

$ 2 ,0 7 1
1 ,7 5 5
5 ,6 1 2
8 ,0 7 6
5 ,0 9 7
3 ,8 3 9
1 0 ,4 4 5
9 ,0 4 1
1 5 ,0 1 5
4 ,6 5 4
1 1 ,6 8 3
1 6 ,8 5 9
1 4 ,5 3 3
1 3 ,5 0 6
6 ,9 1 4
1 7 .8 2 4
6 ,5 5 5
1 4 ,6 1 3
1 3 ,4 4 2
9 ,8 6 6
9 ,1 2 9
1 5 ,5 9 9
1 0 ,3 7 4
4 ,5 9 3

90
09
40
68
64
00
57
28
76
73
84
25
68
11
16
32
78
97
22
75
00
52
44
30

$ 2 3 1 ,1 0 6 3 9

Dues capital, as per general ledger,
$ 1 9 5 ,S62 0 0
Profits capital, as per
general ledger, .
3 5 ,2 4 4 39

Total,

.

.

$ 2 3 1 ,1 0 6 39

Number of shares issued during the y e a r , ....................................... 1,821
Number of shares now in f o r c e , ...........................................................5,329
Number of shares now borrowed u p o n , ................................................. 1,246
Largest number of shares held by any one member........................................ 25
Number of shares withdrawn during the y e a r,....................................... 1,313
Number o f shares forfeited during the y e a r , ................................................. 52
Number of shares matured during the y e a r , ................................................. 6
Highest per centum of interest received during the y ea r: 7 2-10.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year............................................. 170
Present number of m e m b e r s ,.................................................................................. 623
Present number of borrowers........................................................................................ 153
Present number of n o n -b o r r o w e r s,........................................................................ 470
Number of loans secured by first mortgage of real estate,
.
.
. 123
Number of loans on s h a r e s , .....................................................................................30
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
50 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
.
982 94
Date of examination by commissioner : July 20.


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

No. 8.]

171

SAYINGS BANK COMMISSIONERS

P IO N E E R C O -O P E R A T IV E B A N K — BOSTON.
Incorporated July 26, 1877.

Commenced business Aug. 6, 1877.

G a m a l ie l B b a d f o b d , P r e s id e n t .
D a n ie l E l d b e d g e , S e c r e t a r y .
D a n ie l E l d b e d g e , T r e a s u r e r .
Names of security committee:
H ib a m A m e s ,
W m . H . Cu n d y ,
W a l t e b H . R obebts ,
G a m a l ie l B b a d f o e d ,
J ohn K . F e l l o w s .
Regular meetings the first Monday of each month.
B alance Sheet O ct.

A ssrts.

31, 1896.
L ia b il it ie s .

$331,050 00
Loans on real estate,
13,000 00
Loans on shares, .
Temporary expense account,
275 00
6,983 15
Real estate by toreclosure, .
Unpaid interest,
1,915 10
Unpaid premiums,
115 15
Unpaid tines, .
.
.
.
255 54
1,860 00
Mortgages.....................................
Cash in hands of treasurer, .
2,953 40

Dues capital,
$286,696 00
Profits capital (all series), .
58,995 94
Intei est,
.
.
.
.
1,624 56
108 45
Premiums...................................
F i n e s , .......................................
58 24
Transfer fees,
1 25
Withdrawal profits,
328 77
Guaranty fund, .
2,934 40
Surplus,
.
.
.
.
7,084 37
Forfeited share account,
303 44
Retired share account,
271 92

$358,407 34

$358,407 34

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
ItECEIPTS.

From dues capital,
interest,
premiums, .
tines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
retired share account, .
mortgages, .
estates,
surplus,
matured share account,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$74,482
21,003
1,458
834
8
75,100
11,750
1,454
43
209
29,570
10
9,183
5
6,651
8,904

00
54
30
16
25
00
00
48
04
21
03
00
04
03
65
41

For real estate loans, .
$89,250 00
11,550 00
share loans, .
32,341 00
dues capital (withdrawn),
dues capital (forfeited),
455 00
dues capital (retired), .
25,407 00
dues capital (matured),
11,168 00
profits capital (with5,813 56
drawn),
profits capital (forfeited),
177 22
7,559 60
profits capital (retired),
5,295 07
profits capital (matured),
2,466 43
temporary expenses,
03
profits, .
.
.
.
164 02
forfeited shares,
5 00
surplus, .
.
.
.
9,451 15
estates, .
.
.
.
29,564 71
retired share account, .
389 30
interest, .
.
.
.
5 00
dues,
.
.
.
.
6,651
65
matured share account,
2,953 40
Cash on hand Oct. 31, 1896,

$240,667 14

$240,667 14

172

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

00
00
00
00
00

R eal E state.

L oans

Rate.

Amount.

Rate.

6.30 per cent.
6.60
6.90
“
7.20
“
7.50

$1,600 00

7.80 per cent.

Amount.
$264,050
36,350
20,750
6,300
2,000

on

Amount.
$11,550
700
200
500
50

00
00
00
00
00

on

Sh a r e s .

Rate.
6.30 per cent.
6.60
“
6.90
»
7.20
“
8.40
“

.
.
.
.
.

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

15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

$191
179
168
157
146
135
125
116
106
97
88
79
71
63
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

89
94
40
24
44
96
83
02
54
35
45
82
45
36
52
93
58
45
55
86
38
10
00

Total
Value.

Oct., 1885,
April, 1886,
Oct., 1886,
April, 1887,
Oct., 1887,
April, 1888,
Oct , 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct , 1895,
April, 1896,
Oct., 1896,

Shares in
Force.

D a te of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

36
25
38
59
39
186
169
307
248
346
232
263
294
327
190
410
299
316
471
653
522
671
481

$6,908
4,498
6,399
9,277
5,711
25,288
21,265
35,618
26,421
33,683
20,520
20,992
21,006
20.718
10.548
19,651
12,133
10,570
12,505
12,968
6,984
4,764
481

04
50
20
16
16
56
27
14
92
10
40
66
30
72
80
30
42
20
05
58
36
10
00

Dues capital, as per general ledger,
$286,696 00
Profits capital, as per
general ledger, .
58,995 94
Unpaid dues,
3,518 00

294 00
$349,209 94

Total,

$349,209 94

Number of shares issued during the y e a r , ....................................... 1,357
Number o f shares now in f o r c e , ........................................................... 6,582
Number o f shares now borrowed u p o n , .................................................1,924
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 844
Number of shares forfeited during the y e a r , ................................................. 53
Number of shares retired during the y e a r , ................................................. 255
Number of shares matured during the y e a r , ................................................. 81
Highest premium received during the y e a r , ........................................................... $0 10
Lowest premium received during the y e a r , ...........................................................
05
Number of members withdrawn during the y e a r , ........................................156
Present number of m e m b e r s ,...................................................................................873
Present number of b orrow ers,...................................................................................179
Present number of n o n -b o rro w e rs,.........................................................................694
Number of loans secured by first mortgage of real estate,
.
.
. 182
Number of loans on s h a r e s , .....................................................................................46
Largest loan to any one member.............................................................................
.
5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
2,466 43
Date of examination by commissioner: M ay 25.


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

No. 8.]

173

SAYINGS BANK COMMISSIONERS.

P IT T SF IE L D C O -O P E R A TIV E BATÌK — P IT T SF IE L D .

Incorporated Feb. 15, 1889.

Commenced business March 5, 1889.

F . W . H in s d a l e , P r e s id e n t.
H omer B . N a s h , S e c r e t a r y .
H omer B. N a s h , T r e a s u r e r .

Names of security committee :
H . S. R u ssell ,
W m . W . Gam w e ll,
M ich a e l C a s e y .

Regular meetings the first Wednesday of each month.

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

31, 1896.

L ia b il it ie s .

A ssets.

$223,090 00
Loans on real estate,
Loans on shares, .
28,617 00
125 00
Permanent expense account,
1,510 82
Cash in hands of treasurer, .

$218.583 00
Dues capital,
32,803 23
Profits capital (all series), .
25
Transfer fees,
41 26
Forfeiture profits,
1,016 43
Guaranty fund, .
.
798 97
Surplus,
.
.
.
.
99 68
Forfeited share account,

$253,342 82

$253,342 82

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.
D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
forfeiture profits, .
Cash on hand Oct. 31, 1895, .


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

00
99
20
50
00
00
48
75

$62,875 00
For real estate loans, .
23,900 00
share loans, .
dues capital (withdrawn),
40,158 00
profits capital
(withdrawn),
5,093 47
temporary expenses,
1,352 51
permanent expenses,
175 00
interest (overpaid),
40 97
forleiture profits repaid,
6 15
Cash on hand Oct. 31, 1896,
1,510 82

$135,111 92

$135,111 92

$67,249
13,647
280
1
27,060
18,910
65
7,897

v

174

REPOET OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

on

R eal E state.

Amount.

Rate.

$1,600 00
218,790 00

5.50 per cent.
6.00
“

L oans

Amount.
$2,700 00

on

Sh a r e s .

Rate.

Amount.

Rate.

6.25 per cent.

$28,617 00

6.00 per cent.

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

1
2

3
4
5
6
7
8
9
10
11
12
13
14
15
16

$113
104
96
87
79
71
63
56
48
41
34
27
25
18
12
6

Dues paid in advance, .
Total,

•

70
95
39
98
76
71
86
20
77
53
50
64
27
78
35
09

Total
Value.

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1894,
1895,
1895,
1896,

Shares in
Force.

Series.

D ate o î
I ssue.

M ar.,
Sept.,
M ar.,
S e p t,
Mar ,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
S e p t,
N ov .,
M av,
N ov.,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

370
225
190
236
255
222
287
303
322
205
412
204
260
713
688
633

$42,069
23,613
18,314
20,763
20,338
15,919
18.327
17,028
15,703
8.513
14,214
5,638
6,570
13,390
8,496
3,854

00
75
10
28
80
62
82
60
94
65
00
56
20
14
80
97

Dues capital, as per general ledger,
$218,583 00
Profits capital, as per
general ledger, .
32,803 23
Unpaid dues,
2,656 00

1,285 00
$254,042 23

Total,

$254,042 23

Number of shares issued during the year,
.
.
.
.
.
1,467
Number of shares now in force,
.
.
.
.
.
.
.
5,525
Number o f shares now borrowed u p o n , ................................................. 2,292
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the year,
.
.
.
.
1,142
Highest per centum of interest received during the y ea r: 6.
Lowest per centum of interest received during the y e a r: 6.
Number o f members withdrawn during the y e a r , ....................................... 132
Present number of members.........................................................................................779
Present number of b o r r o w e r s ,.................................................................................. 261
Present number o f n o n -b o rro w e rs,.........................................................................518
Number of loans secured by first mortgage of real estate,
.
.
. 152
Number of loans on s h a r e s , .................................................................................. 135
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one m e m b e r ,...............................................................................10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : September 28.


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

.

1,402 51

No. 8.]

SAYINGS BANK COMMISSIONERS

175

P L Y M O U T H C O -O P E R A TIV E B A N K — PL Y M O U T H .
Incorporated June 7, 1882.

Commenced business June 20, 1882.

C h ar le s E . B a r n e s , P r e s id e n t .
E l m e r E . A v e r t , S e c r e ta r y .
E lm er E . A v e r y , T rea su rer.

Names o f security committee:
P e le g S. B u rgess ,
F rank H . L anm an,
S eth W . P a t t .

Regular meetings the third Tuesday of each month.

B alan ce Sheet O ct.

A ss e t s .

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense account, .
Insurance account,
Cash in hands of treasurer, .

31, 1896.
L ia b il it ie s .

$42,950
4,840
233
220
981
5
966

00
00
12
00
49
00
34

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Transfer fees,
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Advance payments,

$50,195 95

$42,357
5,833
1,175
150
63
85
8
143
13
171
192

00
18
19
44
28
75
94
74
90
04
78
71

$50,195 95

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
insurance account,
expense account,.
suspense account,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$13,229
2,592
287
147
2
4,050
960
112
10
128
13
2
430
1,714

54
84
09
56
50
00
00
65
57
64
13
00
14
32

For real estate loans, .
$10,850 00
share loans, .
2,440 00
dues capital (withdrawn),
3,312 70
dues capital (forfeited),
440 24
dues capital (matured),
3,177 00
profits capital
(withdrawn),
469 49
profits capital (forfeited),
37 79
profits capital (matured),
1,425 61
temporary expenses,
550 90
permanent expenses,
2 75
forfeited shares,
3 16
interest
on
matured
shares,
5 00
Cash on hand Oct. 31, 1896,
966 34

$23,680 98

$23,680 98

176

[Pub. Doc

REPORT OF THE

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

$ 1 7 ,9 0 0
8 ,8 5 0
6 ,9 0 0
4 ,0 5 0
2 ,6 5 0
400
1 ,4 0 0
200
600

00
00
00
00
00
00
00
00
00

on

Rate.

6 .3 0
6 .6 0
6 .9 0
7 .2 0
7 .8 0
9 .0 0
9 60
1 0 .2 0
1 0 .5 0

R eal E state.

L oans

Amount.

Rate.

on

Sh ar e s.

Rate.

Amount.

per cent.

$ 1 ,8 3 0
990
100
750
230
400
50
400
20
70

“
“
“
“
“
“
«
“

00
00
00
00
00
00
00
00
O0
00

6 30
6 .6 0
6 .9 0
7 .2 0
7 .5 0
7 .8 0
8 .1 0
8 .7 0
9 .0 0
1 0 .5 0

per cent.
“
“
“
»
“
“
“
“

1885, .
1886, .
1886, .
1887, .
1887,.
1888, .
1889, .
1889,.
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .

8
9
10
11
12
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

Total,

$181
169
158
148
138
118
109
100
91
83
75
67
59
51
44
37
30
23
17
11
5

•

02
79
93
43
24
83
56
55
80
35
14
15
40
87
56
47
59
88
39
10
00

Total
Value.

Dec.,
June,
Dec.,
June,
Dec.,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,
D ec.,
June,

Shares in
Force.

a te of

I ssue.

Series.

L

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

5
5
4
15
11
4
6
39
26
55
29
54
62
86
91
94
62
112
102
143
114

$905
848
635
2,226
1,520
475
657
3,921
2,386
4.584
2,179
3,626
3,682
4,460
4,054
3,522
1,896
2,674
1.773
1,587
570

•

10
95
72
45
64
32
36
45
80
25
06
10
80
82
96
18
58
56
78
30
00

$48,190 18

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .

Total,

Number o f shares issued during the y e a r , ..................................................... 291
Number of shares now in f o r c e , ..................................................................... 1,119
Number of shares now borrowed u p o n , ............................................................... 330
Largest number of shares held by any one member,
.
.
.
.
2-5
Number o f shares withdrawn during the y e a r , ........................................... 100
Number of shares forfeited during the y e a r , ....................................................... 16
Number of shares matured during the y e a r , ....................................................... 23
Highest premium received during the year,
.
.
.
. N .
.
.
Lowest premium received during the y e a r , ..............................................
Number of members withdrawn during the y e a r , ....................................... 29
Present number o f m e m b e r s ,.................................................................................. 237
Present number of b orrow e rs,.....................................................................................72
Present number of non-borrowers.............................................................................. 165
Number of loans secured by first mortgage of real estate,
.
.
.
88
Number o f loans on s h a r e s , .................................................................................... 38
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r ,...............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
Date of examination by commissioner: M ay 11.


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

$42,357 00
5,833 18

$48,190 18

$0 76
05

3,000 00
20 00
588 13

No. 8.]

SAVINGS BANK COMMISSIONERS.

177

P R O V ID E N T C O -O P E R A TIV E B A N K — C H E L SE A .
Incorporated Sept. 25, 1885.

Commenced business Sept. 28, 1885.

T homas M a r t in , P r e s id e n t .

C. W

C. W

il l is

il l is

G ould , S e c r e t a r y .

G ould , T r e a su r e r .

Names of security committee :
M ilton R a y ,

H e n r y C. S t a r k e y ,
J ohn W . D orr .

Regular meetings the fourth Monday of each month.

Balance

Sh e e t O c t.

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$391,650 00
Loans on shares, .
13,200 00
Real estate by foreclosure, .
1,373 05
Unpaid interest,
1,738 64
Unpaid premiums,
200 00
Unpaid tines,
60 00
Cash in hands of treasurer, .
19,695 46

Dues capital,
$338,417 00
Profits capital (all series), .
82,326 51
Guaranty fund, .
4,999 50
Surplus,
.
.
.
1,827 24
222 06
Forfeited share account,
124 84
Personal accounts,

$427,917 15

$427,917 15

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
real estate, .
rents...................................
personal accounts,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$93,417
22,102
3,118
885
1
50,250
5,400
1.841
14
138
2,000
102
124
14,811

00
69
54
86
75
00
00
56
56
29
00
00
84
67

$194,208 76

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired), .
profits capital
(with­
drawn),
profits capital (forfeited),
profits capital (retired),
temporary expenses,
forfeited shares,
real estate,
rent,
.
.
.
.
Cash on hand Oct. 31, 1896,

$96,250
13,200
37,151
125
13,504

00
00
00
00
00

6,889
27
3,780
1,796
373
1,403
12
19,695

05
85
02
62
91
35
50
46

$194,208 76

[Pub. Doc,

REPORT OF THE

178

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$9,300
171,100
131,750
61,600

00
00
00
00

on

L oans

R eal E state.

$11,750
4,100
1,750
300

6.30 per cent.
6.60
“
6.90
“
7.20
“

00
00
00
00

Rate.

Amount.

Rate.

Amount.

Rate.

Sh a r e s .

on

7.50 per cent.
7.80
8.10
“
8.40
»

$2,600
6,700
1,900
2,000

00
00
00
00

6 30 per cent.
6.60
“
6.90
7.20

$202
189
177
165
153
142
131
121
111
101
92
83
74
63
55
47
40
32
25
19
12
6

64
74
30
24
64
46
70
33
31
64
30
28
57
39
35
57
07
81
79
01
45
12

Dues paid in advance, .
Total,

•

•

106
108
90
109
100
145
134
200
155
240
202
403
300
374
362
541
371
638
592
818
1 ,0 8 6
923

T otal
V alue.

Shares in
Force.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

Share.

Sept., 1 8 8 5 , .
M ar., 1 8 8 6 , .
Sept., 1 8 8 6 , .
M ar., 1 8 8 7 , .
Sept., 1 8 8 7 , .
Mar , 1 8 8 8 , .
Sept., 1 8 8 8 , .
M ar., 1 8 8 9 , .
Sept., 1 8 8 9 , .
M ar., 1 8 9 0 , .
Sept., 1 8 9 0 , .
M ar., 1 8 9 1 , .
Sept., 1 8 9 1 , .
M ay, 1 8 9 2 , .
N ov., 1 8 9 2 , .
M ay, 1 8 9 3 , .
N ov., 1 8 9 3 , .
M ay, 1 8 9 4 , .
N ov ., 1 8 9 4 , .
M ay, 1 8 9 5 , .
N ov., 1 8 9 5 , .
M ay, 1 8 9 6 , .

V alue per

D ate of
I ssue.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$ 2 1 ,4 7 9
2 0 ,4 9 1
1 5 ,9 5 7
1 8 ,0 1 1
1 5 ,3 6 4
2 0 ,6 5 6
1 7 ,6 4 7
2 4 ,2 6 6
1 7 ,2 5 3
2 4 ,3 9 3
1 8 ,6 4 4
3 3 ,5 6 1
2 2 ,3 7 1
2 3 ,7 0 7
2 0 ,0 3 6
2 5 ,7 3 5
1 4 ,8 6 5
2 0 ,9 3 2
1 5 ,2 6 7
1 5 .5 5 0
1 3 ,5 2 0
5 ,6 4 8

84
92
00
16
00
70
80
00
05
60
60
84
00
86
70
37
97
78
68
18
70
76

•

509 00

•

$ 4 2 5 ,8 7 3 51

Dues capital, as per gen$ 3 3 8 ,4 1 7 0 0
eral ledger,
Profits capital, as per
8 2 ,3 2 6 51
general ledger, .
5 ,1 3 0 0 0
Unpaid dues,

Total,

Number of shares issued during the year,
Number of shares now in force,
Number of shares now borrowed upon, .
Largest number of shares held by any one member
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
.
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year,
Present number of members,
.
.
.
.
Present number of borrowers, .
.
.
.
Present number of non-borrowers, .
Number of loans secured by first mortgage of real estât
Number of loans on shares,
.
.
.
.
Largest loan to any one member,
Smallest loan to any one member, .
Amount of expenses of the corporation for the yeai
Date of examination by commissioner: March 12.


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

$ 4 2 5 ,8 7 3 51

2,219
7,997
2,433
25
1,185
5
166

.

$0 15
05

205
927
240
687
251
48

.

96,

.

5,000 00
50 00
1,796 62

No. 8.]

SAYINGS BANK COMMISSIONERS.

179

Q U IN C Y C O -O P E R A TIV E B A N K — Q U IN C Y .

Incorporated April 17, 1889.
J oh n F . W

Commenced business May 7, 1889.

e l c h , P r e s id e n t .

R

ic h a u d

D . C h ase, S ecreta ry.

R ic h a r d D. C h a s e , T r e a s u r e r .

Names of security committee:
G eorge H . F ie l d ,
J o h n H . D in e g a n ,
A l b e r t K e a t in g .

Regular meetings the first Wednesday of each month.

B a l a n c e S h e e t O c t . 3 1 , 18 9 6 .

A ssets.

L ia b il it ie s .

$122,190 00
Loans on real estate,
3,419 00
Loans on shares, .
741 52
Unpaid interest,
Unpaid premiums,
98 62
Unpaid fines, .
.
.
.
73 95
1,758 39
Cash in hands of treasurer, .

$105,861 00
Dues capital,
21,009 85
Profits capital (all series), .
358 00
Guaranty fund, .
663 45
Surplus,
.
.
.
.
389 18
Forfeited share account,

$128,281 48

$128,281 48

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

00
61
62
64
25
00
00
12
57
40

$32,750 00
For real estate loans, .
1.953 00
share loans, .
7,636 00
dues capital (withdrawn),
dues capital (retired), .
2,563 00
profits capital
(with1,152 55
drawn),
567 90
profits capital (retired),
568 85
temporary expenses,
31 39
forfeited shares,
14 13
interest on retired shares,
1,758 39
Cash on hand Oct. 31, 1896,

$48,995 21

$48,995 21

$27,962
6,837
587
295
1
4,410
1,149
288
416
7,047

180

[Pub. Doc.

REPORT OF THE

Total Amount of Loans at Specified Rates of Interest.
L oans

on

Amount.

Rate.

$78,140 00
25,000 00
11,950 00

6.30 per cent.
6.60
“
6.90
“

L oans

R eal E state.

Sh ak es.

Rate.

Amount.

Rate.

7.20 per cent.
7.50
“

$2,819 00
600 00

6.30 per cent.
6.60
“

Amount.
$3,700 00
3,400 00

on

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

$115
106
97
88
79
71
62
54
47
39
32
25
18
12
6

Dues paid in advance, .
Total,

75
31
11
16
46
01
79
87
20
77
60
65
93
42
11

Total
Value.

1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895,.
1895, .
1896, .

Shares in
Force

M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M av,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

D ate of
I ssue.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

288
139
131
50
110
142
115
155
145
107
139
155
152
243
397

$33,336
14,777
12,721
4,408
8,740
10,083
7,220
8,504
6,844
4,255
4,531
3.975
2,877
3,018
2,425

00
09
41
00
60
42
85
85
00
39
40
75
36
06
67

Dues capital, as per gen$105,861 00
eral ledger,
Pro tits capital, as per
21,009 85
general ledger, .
1,123 00
Unpaid dues,

274 00
$127,993 85

Total,

$127,993 85

Number of shares issued during the year,
. 640
Number of shares now in f o r c e , ........................................
2,468
Number of shares now borrowed upon, .
.
.
.
. 751
Largest number of shares held by any one member,
.
25
Number of shares withdrawn during the year,
. 211
Number o f shares forfeited during the year, .
.
15
Number o f shares retired during the year,
.
30
Highest per centum of interest received during the year : 6 9-10.
Lowest per centum of interest received during the year : 6 3-10.
Number of members withdrawn during the year,
.
26
Present number of m e m b e r s ,.................................................
. 369
Present number of borrowers.......................................................
.
83
Present number o f n o n -b o rro w e rs,.......................................
. 286
Number of loans secured by first mortgage of real estate,
.
96
Number of loans on s h a r e s , .................................................
.
22
Largest loan to any one m e m b e r , .......................................
.
Smallest loan to any one m e m b e r ,.......................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
Date of examination by commissioner : February 24.


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

$3,000 00
21 00
618 85

No. 8.]

181

SAYINGS BANK COMMISSIONERS

R A N D O LP H C O -O P E R A TIV E B A N K — R A N D O LP H .
Incorporated Jan. 29, 1889.

Commenced business Feb. 7,1889.

F r a n k l i n W . H a y d e n , P r e s id e n t .
P a t r ic k H . M c L a u g h l i n , S e c r e ta r y .
P a t r i c k H . M cL a u g h l in , T r e a s u r e r .

Names of security committee:
T homas F a r r e l l ,

H arvey W . B oyd.

Regular meetings the first Thursday of each month.

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

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,.
Unpaid ti nes, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

$43,600
950
42
2,601
4
5
15
4,441

00
00
00
90
08
44
50
39

Dues capital,
Profits capital (all series),
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus,
.
.
.
.

.

$51,660 31

$42,947
7,236
21
10
473
971

00
08
66
62
25
70

$51,660 31

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, i
forfeited shares, .
rent,
.
.
.
.
real estate by foreclosure,
Cash on hand Oct. 31, 1895, .


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

$11,982
2,844
196
179
5,750
1,245
99
30
446
64

00
08
23
67
25
00
00
92
16
60
52

2,320 44
850 03

$26,008- 90

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired), .
profits capital
(withdrawn),
.
.
.
profits capital (forfeited),
profits capital (retired),
. temporary expenses,
permanent expenses,
forfeited shares,
taxes,
.
.
.
.
real estate by foreclosure,
Cash on hand Oct. 31, 1896,

$2,750
995
2,861
400
8,931

00
00
00
00
00

400
76
2,200
194
27
446
38
2,245
4,441

95
76
24
63
00
60
89
44
39

$26,008 90

REPORT OF THE

182

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
L oans

on

L oans

R eal E state.

Amount.

Rate.

Amount.

Rate.

¡$38,350 00
1,050 00
1,950 00

6.30 per cent.
6.60
“
6.90
“

$1,250 00
1,000 00

7.20 per cent.
7.80
«

on

Sh a r e s .

Amount.
$950 00

Rate.
6.30 per cent.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

$116
107
98
89
81
72
64
57
49
42
35
28
21
15
9
3

Dues paid in advance, .
Total,

•

30
09
17
57
04
88
94
22
72
44
37
51
85
38
10
00

Total
Value.

1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892,.
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .

Shares in
Force.

Feb.,
A ug.,
Feb.,
A u g .,
Feb.,
A u g .,
Feb.,
A ug ,
Feb.,
A u g .,
Feb.,
Aug.,
Feb.,
A u g .,
Feb.,
A ug.,

Series.

D a te op
I ssue.

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

91
68
27
27
106
33
43
55
33
30
68
33
115
71
122
106

$10,583
7,282
2,650
2,418
8,590
2,405
2,792
3,147
1,640
1,273
2,405
940
2,512
1,091
1,110
318

30
12
59
39
24
04
42
10
76
20
16
83
75
98
20
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$42,947 00
7,236 08
1,059 00

80 00
$51,242 08

Total,

.

$51,242 08

Number of shares issued during the y e a r , ..................................................235
Number of shares now in f o r c e , ........................................................... 1,028
Number of shares now borrowed u p o n , ........................................................... 286
Largest number of shares held by any one member,
.
.
.
.
20
Number of shares withdrawn during the y e a r , ........................................99
Number of shares forfeited during the y e a r , ................................................. 12
Number of shares retired during the y e a r , ................................................. 102
Highest premium received duling the y e a r , ........................................................... $0 05
Lowest premium received during the year....................................................................
Number of members withdrawn during the year..............................................33
Present number of m e m b e r s , .................................................................................. 219
Present number of borrowers..........................................................................................63
Present number of n o n -b o rro w e rs,......................................................................... 156
Number o f loans secured by first mortgage of real estate,
.
.
.
63
Number of loans on s h a r e s , .......................................................................................6
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r , ...............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : March 20.


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

.

05

2,800 00
100 00
221 63

No. 8.]

183

SAYINGS BANK COMMISSIONERS.

R E A D IN G C O -O P E R A TIV E B A N K — R E A D IN G .
Incorporated Nov. 27, 1886.
W

en dell

Commenced business Dec. 6, 1886.

B a n c r o f t , P r e s id e n t .
H a r r y P . B osson , S e c r e t a r y .
E d g a r N . H unt, T rea su rer.
Names of security committee:
W

endell

B ancroft,
M oses E . N ic h o l s ,
L e w is M . B a n c r o f t .

Regular meetings the first Monday o f each month.
B alance Sheet Oct.

31, 1896.

A ssets,

L ia b il it ie s .

$194,580 00
Loans on real estate,
7,400 00
Loans on shares, .
150 00
Temporary expense account,
7,572 84
Real estate by foreclosure, .
1,700 00
Unpaid interest,
.
.
.
54 66
Cash in hands of secretary, .
2,374 61
Cash in hands of treasurer, .

Dues capital,
$175,843 00
Profits capital (all series), .
34,506 15
Guaranty fund, .
1,354 38
909 08
Surplus,
.
.
.
.
Forfeited share account,
69 50
Unpaid real estate loans,
1,150 00

$213,832 11

$213,832 11

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
unpaid real estate loans,
real estate by foreclosure,
rent.....................................
insurance, .
.
profits, .
.
.
.
Cash on hand Oct. 31,1895, .


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

$52,272
11,375
970
458
5
25,623
5,675
198
27
20
1,150

00
05
25
36
25
00
00
21
77
00
00

2,480
120
5
205
8,455

00
04
00
00
92

$109,040 85

$41,700 00
For real estate loans, .
5,810 00
share loans, .
23,019 00
dues capital (withdrawn).
340 00
dues capital (forfeited),
12,930 00
dues capital (retired), .
profits
capital (withdrawn),
4,107 21
profits capital (forfeited),
35 37
4,788 25
profits capital (retired),
temporary expenses,
498 21
interest and premium re4 40
turned,
620 00
salaries, .
.
.
.
205 00
interest on retired shares,
181 30
taxes,
.
.
.
.
7,572 84
real estate by foreclosure,
4,800 00
unpaid real estate loans,
Cash on hand Oct. 31, 1896,
2,429 27
$109,040 85

[Pub. Doc,

REPORT OF THE

184

Total Amount of Loans at Specified Rates of Interest.
L oans

00
00
00
00

LOans

R eal E state.

on

Sh ar e s.

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.
6.60
6.90
“
7.20
“

$5,340 00

7.50 per cent.

Amount.
$118,845
45,745
21,400
3,250

on

$4,385
1,780
235
1,000

00
00
00
00

6.30 per cent.
6.60
6.90
“
7.80
“

Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
Nov ,
M ay,

1886, .
1887, .
1887, .
1888, .
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892,.
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

$165
154
143
133
123
113
104
94
86
77
69
61
53
47
39
32
25
18
12
6

104
50
63
57
77
143
86
123
117
196
180
231
338
145
231
273
398
526
471
696

42
36
69
32
26
51
09
97
13
55
27
21
39
02
66
51
60
89
39
10

.

Dues paid in advance, .
Total,

•

•

•

Total
Value.

Value per
Share.

Series.

D ate of
I ssue.

Shares in
Force.

Reconciliation of Share Account with Dues and Profits Capital.

$17,203
7,718
9,052
7,599
9,491
16,231
8,951
11,681
10,077
15,199
12,468
14,139
18,045
6,817
9,161
8,875
10,188
9,936
5,835
4,245

68
00
47
24
02
93
74
31
21
80
60
51
82
90
46
23
80
14
69
60

Dues capital, as per gen$175,843 00
eral ledger,
Profits capital, as per
general ledger, .
34,506 15
Unpaid dues,
2,727 00

155 00

• $213,076 15

Total,

$213,076 15

Number of shares issued during the y e a r , ........................................1,243
Number of shares now in f o r c e , ........................................................... 4.605
Number of shares now borrowed upon....................................................... 1,2*24
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r ,................................................. 644
Number of shares forfeited during the year.......................................................42
Number of shares retired during the y e a r , ................................................. 115
Highest premium received during the year,
.
.
.
.
.
.
.
Lowest premium received during the y e a r , ...........................................................
Number of members withdrawn during the y e a r , ....................................... 82
Present number of m e m b e r s ,.................................................................................. 623
Present number of b o r r o w e r s ,...................................................................................199
Present number of n o n -b o rro w e rs,.........................................................................424
Number o f loans secured by first mortgage of real estate,
.
.
. 190
Number of loans on s h a r e s , .................................................................................... 44
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r , ...............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
Late of examination by commissioner : November 30.


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

$0 30
05

5,000 00
30 00
1,118 21

No. 8.]

185

SAYINGS BANK COMMISSIONERS

R E L IA N C E C O -O P E R A T IV E B A N K — C A M B R ID G E .
Incorporated July 16, 1889.

Commenced business July 16, 1889.

J o se p h G . T h o r p , P r e s i d e n t .
E dw ard W . W

E dw ard W . W

h it e , S ec reta ry.

h it e , T rea su rer.

Names of security committee:
G e o rg e H . St e a r n s,
H erm an B ir d ,
M a r sh a l l N . Stearn s,
W m . P. B r o w n ,
G eo . A . A l l is o n .
Regular meetings the second Wednesday of each month.
B a l a n c e Sh e e t O c t .

31, 1896.

L ia b il it ie s .

A sse ts.

$154,785 00
Loans on real estate,
9,572 00
Loans on shares, .
382 86
Permanent expense account,
193 43
Temporary expense account,
2,589 20
Real estate by foreclosure, .
320 96
Unpaid interest,
17 04
Unpaid premiums,
51 47
Unpaid f i nes, .
.
.
.
77 67
R e n t , ........................................
1,805 43
Cash in hands of treasurer, .

$144,965 00
Dues capital,
.
.
.
18,746 03
Profits capital (all series), .
3,241 72
Interest,
.
.
.
.
123 75
Premiums, .
.
.
.
87 03
F i n e s , ........................................
50
Transfer fees,
204 28
Withdrawal profits,
1 40
Forfeiture profits,
930 81
Guaranty fund, .
397 39
Surplus,
.
.
.
.
709 50
Forfeited share account,
15 00
Security committee,
372 65
Profit and loss,

$169,795 06

$169,795 06

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
rents, .
.
.
.
security committee,
real estate sold, .
Cash on hand Oct. 31, 1895, .


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

00
45
49
32
00
00
00
61
40
00
17
00
00
95

$58,750 00
For real estate loans, .
6,985 00
share loans, .
12,980 00
dues capital (withdrawn),
80 00
dues capital (forfeited),
profits capital
(withdrawn),
1,463 55
5 04
profits capital (forfeited),
temporary expenses,
897 22
61 25
permanent expenses,
7 90
forfeited shares,
94 30
security committee,
2,541 78
real estate foreclosed, .
203 92
taxes, insurance, etc., .
1,805 43
Cash on hand Oct. 31, 1896,

$85,875 39

$85,875 39

$49,485
8,522
365
197
1
12,250
2,185
365
1
5
279
30
4,250
7,937

186

REPORT OF THE

[Pub. Doc,

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$68,900
600
71,685
3,000
2,300

on

Rate.

00
00
00
00
00

K eal E st a te .

L oans

$5,300
2,200
200
600

00
00
00
00

Sh a r e s .

Rate.

Amount.

Rate.

6.90 per cent.
7.10
7.50
»
8.10

$7,140 00
675 00
1,757 00

6.00 per cent.
6.10
«
6.30
“

Amount.

6.00 per cent.
6.10
“
6.30
“
6.40
“
6.60
“

on

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2

3
4
5
6
7
8
9
10
11
12

13
14
15

$108
99
90
82
74
66
58
50
43
36
29
22
16

10 10

4 00

Dues paid in advance, .
Total,

45
48
76
3109
09
33
80
49
41
53
85
38

Total
Value.

July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,

Shares in
Force.

D ate op
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

276
146
92
128
127
256
178

$29,932
14,524
8,349
10,535
9,409
16,919
10,382
6,096
6,697
11,287
9,006
15,332
7,551
6,484

120

154
310
305
671
461
642
555

20
08
92
68
43
04
74
00
46
10
65
35
18
20

Dues capital, as per general ledger,
$144,965 00
Profits capital, as per
general ledger, .
18,746 03
Unpaid d u es, .
1,148 00

2 ,2 2 0 00

131 00
• $164,859 03

Total,

$164,859 03

Number of shares issued during the y e a r , ........................................1,292
Number of shares now in f o r c e , ........................................................... 4,421
Number of shares now borrowed u p o n ,................................................. 1,153
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................489
Number o f shares forfeited during the y e a r , ................................................. 14
Highest per centum of interest received during the y e a r: 6 2-10.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the y e a r , ........................................63
Present number of members..........................................................................................527
Present number of b orrow ers,................................................................................... 101
Present number o f non-borrowers, .
.
..................................................426
Number of loans secured by first mortgage of real estate,
.
.
.
70
Number of loans on s h a r e s , .....................................................................................31
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r , ...............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : February 13.


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

$5,000 00
50 00
818 45

No. 8.]

187

SAVINGS BANK COMMISSIONERS

RO GER CO N AN T C O -O P E R A TIV E B A N K — SALEM .
Incorporated N ov. 9, 1894.

Commenced business N ov. 13, 1894.

C h a r l e s B . B a l c o m b , P r e s id e n t.
R o b e r t B. B u c k h a m , S e c r e t a r y .
R o b e r t B . B u c k h a m , T r e a su r e r .

Names of security committee:
J o h n M . F o st e r ,
W il l i a m L e o n a r d ,
N a p o l e o n T h ib a u l t ,
W m . F . M . C o l l in s ,
W il l i a m D . N o r t h e n d .

Regular meetings the second Tuesday of each month.

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

L ia b il it ie s .

A sse ts.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest,
.
Unpaid premiums,
Unpaid f i nes, .
.
.
.
Cash in hands of treasprer, .

31, 1896.

$16,250
200
109
103
44
2
5
198

00
00
47
55
25
75
56
35

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$16,913 93

.

$15,821
888
36
163
4

00
23
95
75
00

$16,913 93

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
withdrawal profits,
forfeited.shares, .
Cash on hand Oct. 31, 1895, .


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

00
00
60
64
50
00
43
00
18

For real estate loans, .
$10,590 00
200 00
share loans, .
2,642 00
dues capital (withdrawn),
dues capital (forfeited),
4 00
profits capital
(with­
drawn) ,
.
.
.
88 54
profits capital (forfeited),
76
72 70
temporary expenses,
198 35
Cash on hand Oct. 31, 1896,

$13,796 35

$13,796 35

$10,426
743
52
42
2,400
22
4
105

188

[Pub. Doc

REPORT OF THE

Total Amount of Loans at Specified Bates of Interest.
L oans

on

L oans

Hea l E state.

Amount.

Rate.

Amount.

Rate.

$14,000 00
550 00
300 00

6.30 per cent.
6.60
“
7.20

$1,000 00
400 00

7.50 per cent.
8.10

on

Sh a r e s .

Amount.
$200 00

Rate.
6.30 per cent.

N ov.,
M ay,
N ov.,
M ay,

1894,
1895,
1895,
1896,

.
.
.
.

1
2
3
4

$25
18
12
6

Dues paid in advance, .
Total,

52
85
38
10

459
161
110
119

Total
Value.

Shares in
Force.

D a t e op
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$11,713
3,034
1,361
725

68
85
80
90

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$15,821 00
888 23
141 00

14 00
$16,850 23

Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon, .
Largest number o f shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
.
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .

$16,850 23

Total,

263
849
92
25
204
2
$0 35
05
35

Present number of m e m b e r s ,........................................
147
Present number of b orrow ers,.......................................
18
Present number of non-borrowers, .
.
.
.
129
Number of loans secured by first mortgage of real estate,
27
Number of loans on s h a r e s , .......................................
1
Largest loan to any one member......................................
.
Smallest loan to any one member, .
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1896
.
Date of examination by commissioner : April 27.


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

1,800 00
150 00
82 70

No. 8.]

SAYINGS BANK COMMISSIONERS.

189

E O X B U R Y C O -O P E R A T IV E B A N K — R O X B U R Y .

Incorporated Oct. 3, 1889.

C h arles L if p l e r ,

Commenced business Nov. 1, 1889.

T homas J. S proijl ,

P r e s id e n t .

J ames W . Colgan ,

S ec reta ry.

T r e a su r e r .

Names of security committee :

J oseph E n g e l ,
E . F . S ib l e y ,

It. A . W atson ,
A mos M . L eon ard .

Regular meetings the first business day of each month.

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

31, 1896.

L ia b il it ie s .

A ssets.

i
$119,430 00
Loans on real estate,
5,180 00
Loans on shares, .
Unpaid interest,
169 80
45
Unpaid premiums,.
Unpaid fines, .
.
.
.
31 93
Cash in hands o f treasurer, .
1,410 66

Dues capital,
$111,560 00
12,734 14
Profits capital (all series), .
Guaranty fund,
.
815 00
1,048 02
Surplus,
.
.
.
.
Forfeited share account,
65 68

$126,222 84

$126,222 84

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
temporary expense,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

00
30
23
22
50
00
00
28
72
68
71
61

For real estate loans, .
$50,805 00
share loans, .
10,560 00
dues capital (withdrawn),
28,326 00
dues capital (forfeited),
62 00
profits capital
(withdrawn),
2,550 96
6 86
profits capital (forfeited),
temporary expenses,
915 77
1,410 66
Cash on hand Oct. 31, 1896,

$94,637 25

$94,637 25

$50,157
6,815
214
194
2
25,700
7,545
637
1
65
51
3,252

REPORT OF THE

190

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

L oans

R eal E st a te .

Kate.

Amount.

Kate.

6.00 per cent.

-

-

Amount.
$119,430 00

on

on

Sh a r e s .

Amount.
$800 00
4,380 00

Rate.
6.00 per cent.
6.30
“

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14

$104
95
86
78
69
61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

14
18
49
06
87
93
21
73
46
39
52
85
38
10

.

Total
Value.

N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D a t e of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

67
■31
110
101
149
183
95
257
140
558
440
602
604
848

$6,977
2,950
9,513
7,884
10.410
11,333
5,149
12,009
5,524
18,073
11,228
11,347
7,477
5,172

38
58
90
06
63
19
95
61
40
62
80
70
52
80

Dues capital, as per general ledger,
$111,560 00
Profits capital, as per
general ledger, .
12,734 14
Unpaid dues,
825 00

65 00
$125,119 14

Total,

$125,119 14

Number of shares issued during the y e a r , ....................................... 1,670
Number of shares now in f o r c e , ...........................................................4,185
Number of shares now borrowed upon..................................................................899
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,275
Number of shares forfeited during the y e a r , ..................................................2
Highest per centum of interest received during the y ea r: 6 3-5.
Lowest per centum of interest received during the y ea r: 6.
Number of members withdrawn during the y e a r , ........................................134
Present number of m e m b e r s , .................................................................................. 452
Present number of borrowers, .
.
.
..................................................68
Present number of n o n -b o r r o w e r s ,.........................................................................384
Number of loans secured by first mortgage of real estate,
.
.
.
47
Number of loans on s h a r e s , .................................................................................... 21
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one member......................................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : April 9.


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

$5,000 00
50 00
864 06

No. 8.]

191

SAYINGS BANK COMMISSIONERS.

SA L E M C O -O P E R A T IV E B A N K — SA L E M .
Incorporated April 7, 1888.

Commenced business April 13, 1888.

E . A ugustus M a c k in t ir e , P r e s id e n t .
A lbe rt C. M a c k in t ir e ,
A lb e r t C. M a c k in t ir e , T r e a s u r e r .

S ec reta ry.

Names of security committee:

G eorge W . P ic k e r in g ,
E . A . M a c k in t ir e ,
F rancis A . N e w e l l .
Regular meetings the second Friday of each month.

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

31, 1896.

A ssets.

L ia b il it ie s .

$237,330 00
Loans on real estate,
6,985 00
Loans on shares, .
83 62
Temporary expense account,
1,852 32
Unpaid interest,
159
35
Unpaid premiums,
160 34
Unpaid fines, .
.
.
.
6,702 44
Cash in hands of treasurer, .

$207,919 00
Dues capital,
33,730 08
Profits capital (all series), .
1,430 88
Interest........................................
129 20
Premiums, .
.
.
.
41 93
F i n e s , ........................................
50
Transfer fees,
53 93
Withdrawal profits,
2,500
00
Guaranty fund, .
7,435 99
Surplus,
.
.
.
.
31 56
Forfeited share account,

$253,273 07

$253,273 07

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

$66,361
13,850
1,373
310
2
34,600
7,805
233
9
117
965

00
45
51
42
75
00
00
56
71
16
85

For real estate loans, .
$56,225 00
share loans, .
9,085 00
dues capital (withdrawn),
35,439 00
dues capital (forfeited),
177 00
9,421 00
dues capital (retired), .
profits
capital
(with5,012 11
drawn),
18 98
profits capital (forfeited),
2,260 69
profits capital (retired),
temporary expenses,
1,171 03
forfeited shares,
117 16
6,702 44
Cash on hand Oct. 31, 1896,

$125,629 41

$125,629 41

192

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Bates of Interest.
L oans

Amount.
$144,600
38,745
25,275
17,160
11,050
500

on

Rate.

00
00
00
00
00
00

L oans

R eal E st a te .

Amount.

Amount.

Rate.

6.30 per cent.
6.60
“
6.90
“
7.20
“
7.50
7.80
“

$5,230
600
525
550
30
50

00
00
00
00
00
00

on

Sh a k e s .

Rate.
6.30 per cent.
6.60
«
6.90
“
7.20
“
7.50
»
7.80
»

April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

$134
124
114
105
96
87
• 79
71
63
55
47
40
33
26
19
13
7
1

119
130
137
122
158
221
284
255
245
213
216
372
460
577
662
477
644
408

37
52
95
76
63
88
38
12
11
33
78
46
38
52
85
38
10
00

Dues paid in advance, .
Total,

Total
Value.

Shares in
Force.

D a te of
I ssue.

Value per
Share.

Series.

Beconciliation of Share Account with Dues and Profits Capital.

$15,990
16,187
15,748
12,902
15,267
19,421
22,543
18,135
15,461
11,785
10,320
15,051
15,354
15,302
13,140
6,382
4,572
408

03
60
15
72
54
48
92
60
95
29
48
12
80
04
70
26
40
00

Dues capital, as per general ledger,
$207,919 00
Profits capital, as per
33,730 08
general ledger, .
2,474 00
Unpaid dues,

147 00
•

• $244,123 08

Total,

$244,123 08

Number of shares issued during the y e a r , ........................................1,242
Number of shares now in f o r c e , ........................................................... 5,700
Number of shares now borrowed upon, .
.
.
.
.
.
1,400
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,037
Number of shares forfeited during the y e a r , ................................................. 12
Number of shares retired during the y e a r , ................................................. 113
Highest premium received during the y e a r , ........................................................... $0 25
Lowest premium received during the year,
.
.................................................
05
Number of members withdrawn during the y e a r , ........................................136
Present number of m e m b e r s , ...................................................................................912
Present number of b o r r o w e r s,...................................................................................224
Present number o f n o n -b o r r o w e r s,.........................................................................688
Number of loans secured by first mortgage of real estate,
.
.
. 234
Number of loans on s h a r e s , ..................................................................................... 38
Largest loan to any one m e m b e r , ...............................................................................
5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
1,171 03
Date of examination by commissioner : January 20.


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

No. 8.]

198

SAVINGS BANK COMMISSIONERS.

S A N D W IC H C O -O P E R A T IV E B A N K — S A N D W IC H .

Incorporated Oct. 1, 1885.
P r e s id e n t .

Commenced business Dec. 15,1885.

W . H. H e a l d ,

(Vacancy.)
W .

H. H e a l d ,

S ecreta ry.

T rea su rer.

Names of security committee :

L e v i S. N y e ,
W . E . B oyden ,
John M cCann .

Regular meetings the third Tuesday of each month.

Balance

Sh e e t O c t.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense account, .
Cash in hands of treasurer, .

31, 1896.

$13,500
1,600
49
18
228
2,271

00
00
28
45
90
31

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
F i n e s , .......................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$14,389
2,609
449
39

00
82
87
17
25
26 37
41 11
112 35

$17,667 94

$17,667 94

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
temporary expense account,
Cash on hand Oct. 31, 1895, .


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

$3,312 00
862 02
68 10
25
1,850 00
300 00
75 43

For real estate loans, .
share loans, .
.
.
dues capital (withdrawn),
profits capital
(withdrawn),
temporary expenses,
Cash on hand Oct. 31, 1896,

$2,200 00
300 00
2,273 00
390 28
104 20
2,271 31

45
1,070 54
$7,538 79

$7,538 79

194

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$5,800
900
200
950
200
1,450
100
750
50

on

5 per cent.
5è

5|

«

5|

5J
6
6|
6è

6|

L oans

Amount.

Bate.

00
00
00
00
00
00
00
00
00

R eal E state.

«

“
“

$700
100
1,100
50
800
100
50
200

on

Amount.

Rate.

00 61 per cent.
00 6£
“
00 7
00 n
“
00 8
“
00 H
»
00 S i
“
00 10

$1,050
50
50
250
100
50
50

Sh a k e s .

Rate.

00 5 per cent.
00 5|
“
00 5§
“
00 6
«
00 6i
»
00 71
00 10à
“

1885,
1886,
1886,
1887,
1887,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2
3
4
5
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$167
157
148
139
130
113
104
96
88
80
73
65
58
50
43
36
30
23
17
11
5

Dues paid in advance, .
Total,

01
69
48
53
62
19
76
55
54
68
02
49
10
88
83
96
25
70
31
08
00

Total
Value.

Dec.,
June,
Dec.,
June,
Dec.,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,

Shares in
Force.

D a te of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

30
1
20
2
1
12
6
7
2
11
3
13
11
8
8
16
12
26
27
27
48

$5,010
157
2,969
279
130
1,358
628
675
177
887
219
851
639
407
350
591
363
616
467
299
240

30
69
60
06
62
28
56
85
08
48
06
37
10
04
64
36
00
20
37
16
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$14,389 00
2,609 82
345 00.

25 00
$17,343 82

Total,

$17,343 82

Number of shares issued during the y e a r , ................................................. 87
Number of shares now in force................................................................................291
Number of shares now borrowed u p o n , ........................................................... 87
Largest number o f shares held by any one member,
.
.
.
.
12
Number of shares withdrawn during the y e a r , ........................................55
Highest per centum of interest received during the y ea r: 8 1-16.
Lowest per centum of interest received during the y e a r: 5.
Number of members withdrawn during the year, .
.
.
.
. 5
Present number of m e m b e r s ,...................................................................................103
Present number of b o r r o w e r s ,.....................................................................................43
Present number of n o n -b o rro w e rs,........................................................................... 60
Number of loans secured by first mortgage of real estate,
.
.
.
38
Number of loans on s h a r e s , .....................................................................................14
Largest loan to any one m e m b e r , ...............................................................................$1,000 00
Smallest loan to any one m e m b e r ,...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
188 75
Date of examination by commissioner : July 8.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

195

S E C U R IT Y C O -O P E R A T IV E B A N K — BROCKTON.
Incorporated Dec. 17, 1877.
B. E . J o n e s , P r e s id e n t .

Commenced business Dec. 20, 1877.

H e n r y C. G u r n e y , S e c r e t a r y .
F r e d B. H o w a r d , T r e a s u r e r .
Names of security committee:

L. F . S e v e r a n c e ,
T. E . G if f o r d ,
W . H . Sa v a g e .
Regular meetings the third Thursday o f each month.

Balance Sheet Oct . 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$180,700 00
Loans on shares, .
10,530 00
Permanent expense account,
200 00
424 74
Temporary expense account,
Real estate by foreclosure, .
3,319 69
Unpaid interest,
3,650 36
409 46
Unpaid prem ium s,.
Unpaid fines, .
.
.
.
163 91
22 83
Insurance paid,
Mortgage,
.
.
.
.
6,000 00
T ax paid,
.
.
.
.
40 82
Cash in hands of secretary, .
221 97
Cash in hands of treasurer, .
11,686 83

Dues capital,
$184,847 00
Profits capital (all series), .
25,640 06
Interest,
.
.
.
.
4,900 38
Premiums, .
.
.
.
503 25
F i n e s , .......................................
115 56
•Transfer fees,
1 25
Withdrawal profits,
306 64
Guaranty fund, .
900 00
Surplus,
.
.
.
.
129 96
Forfeited share account,
26 51

$217,370 61

$217,370 61

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
real estate by foreclosure,
profits overpaid and refunded,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$62,650
10,698
1,077
237
3
27,350
7,101
691

00
38
00
74
25
00
00
33

2,500 00
10
11,442 11

$123,750 91

For real estate loans. .
$27,600 00
share loans, .
7,330 00
dues capital (withdrawn),
22,146 00
dues capital (retired), .
38,480 00
dues capital (matured),
1,932 00
profits capital
(withdrawn),
2,774 84
profits capital (retired),
8,355 32
profits capital (matured),
930 02
temporary expenses,
1,474 56
tax paid,
40 82
interest on retired shares,
521 73
insurance paid,
22 83
real estate by foreclosure,
233 99
Cash on hand Oct. 31, 1896,
11,908 80
$123,750 91

REPORT OF THE

196

[Pub. Doc,

Total Amount of Loans at Specified Rates of Interest.
L oans

on

R eal E sta te .

L oans

on

Sh ar e s.

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$1,000 00
174,800 00

6.30 per cent.
6.60
“

$4,750 00
■150 00

6.90 per cent.
7.20

$10,530 00

6.60 per cent.

1885,
1886,
1887,
1888,
1889,
1890,
1891,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

$184
161
140
120
101
83
67
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

•

77
77
24
16
39
79
33
89
53
42
52
83
37
10
00

Total
Value.

Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

Shares in
Force.

D a te op
Issue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

51
20
35
105
170
385
526
614
164
321
372
792
358
917
412

$9,423
3,235
4,908
12,616
17,236
32,259
35,415
31,860
7,302
12,011
11,353
18,873
6,218
10,178
2,060

27
40
40
80
30
15
58
46
92
82
44
36
46
70
00

Dues capital, as per general ledger,
$184,847 00
Profits capital, as per
25,640 06
general ledger, .
4,609 00
Unpaid dues,

142 00
$215,096 06

Total,

$215,096 06

Number of shares issued during the year,
.
.
.
.
1,440
Number of shares now in f o r c e , ........................................................... 5,242
Number of shares now borrowed u p o n , ................................................. 1,253
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................775
Number of shares retired during the y e a r , ................................................. 503
Number of shares matured during the y e a r , ................................................. 14
Highest premium received during the y e a r , ........................................................... $0 10
Lowest premium received during the y e a r , ...........................................................
Number of members withdrawn during the y e a r , ........................................118
Present number of m e m b e r s ,...................................................................................672
Present number of borrowers........................................................................................164
Present number of n o n -b o r r o w e r s,.........................................................................508
Number of loans secured by first mortgage of real estate,
.
.
. 178
Number of loans on s h a r e s , .....................................................................................50
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r ,...............................................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
Date o f examination by commissioner : March 24.


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

.

10

5,000 00
25 00
1,524 56

No. 8.]

SAVINGS BANK COMMISSIONERS

197

S O M E R V IL L E C O -O P E R A T IV E B A N E — SO M E R V IL L E .
Incorporated M ay 4, 1880.
J. F r a n k W

Commenced business June 7, 1880.

e ll in g to n , P r e s id e n t .

F r a n k l in J. H a m b l in , S e c r e t a r y .
F r a n k l in J. H a m b l in , T r e a su r e r .

Names of security committee :
B. F . T hom pson ,
M a r s h a l l H . L ocke ,
N athan H . R eed .
Regular meetings the first Monday of each month.
B a la n c e Sh e e t O c t.

31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$484,475 00
Loans on shares, .
22,900 00
Permanent expense account,
900 00
Temporary expense account,
144 44
United States bonds,
20,000 00
City o f Somerville bonds,
17.000 00
Bond premiums, .
2,783 75
Collateral loans,
10.000 00
Insurance,
.
.
.
.
11 25
Cash in hands of treasurer, .
7,049 11

Dues capital,
$471,652 00
Profits capital (all series), .
87,638 03
Interest,
.
.
.
.
2,399 77
Premiums, .
.
.
.
68 08
F i n e s , .......................................
93 83
Transfer fees,
50
Withdrawal profits,
94 09
Guaranty fund, .
2,200 00
Surplus........................................
977 09
Forfeited share account,
140 16

$565,263 55

$565,263 55

Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

D is b u r s e m e n t s .

From dues capital,
$139,885 00
interest,
28,800 48
premiums, .
869 57
fines, .
1,027 06
transfer fees,
5 00
real estate loans repaid,
83,938 72
share loans repaid,
8,030 00
withdrawal profits,
835 33
forfeiture profits,.
34 32
forfeited shares, .
133 39
insurance,
7 50
bond premiums, .
450 00
collateral loan,
10,000 00
Cash on hand Oct. 31, 1895, .
2,262 01


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

$276,278 38

For real estate loans, .
$145,445
share loans, .
10,700
dues capital (withdrawn),
69,177
dues capital (forfeited),
372
dues capital (matured),
7,728
profits capital
(withdrawn),
9,853
profits capital (forfeited),
50
profits capital (matured),
3,549
temporary expenses,
1,788
forfeited shares,
128
security committee,
330
finance committee,
96
collateral loan,
20,000
insurance,
11
Cash on hand Oct. 31, 1896,
7,049

23
00
00
00
00
57
12
28
43
39
00
00
00
25
11

$276,278 38

REPORT OF THE

198

[Pub. Doc

Total Amount of Loans at Specified Bates oj Interest.
L oans

Rate.

Amount.

5.00 per cent.
5.25
“
5.50
“
5.75
“
6.00
»
6.30

00
00
00
00
00
00

L oans

R eal E state.

Rate.

Amount.
$140,600
64,700
43,950
1,100
1,400
225,875

on

$6,850 00

Amount.

6.60 per cent.

$3,850
2,300
8,850
450
6,700
750

00
00
00
00
00
00

on

Sh a r e s .

Rate.
5.00 per cent.
5.25
“
5.50
«
6.00
“
6.30
“
6 60
“

1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

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

$190
178
167
156
145
135
125
115
105
96
88
79
71
63
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

'

Total
Value.

Oct.,
April,
Oct.,
April,
Oct..
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,

Shares in
Force.

D a t e of
I ssu e.

59
65
55
191
100
230
144
282
298
463
332
512
343
740
487
611
601
899
810
1,367
1,270
1,375
898

$11,217
11,599
9,188
29,803
14,538
31,068
18,005
32,514
31,564
44,818
29,219
40,688
24,404
46,708
26,955
29,205
24,334
30,035
21,489
27,134
16,992
9,762
898

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

12
45
07
04
38
08
04
30
92
80
01
47
15
12
35
80
49
41
53
85
38
10
00

.
•

08
25
85
64
00
40
76
60
16
40
32
64
45
80
45
80
49
59
30
95
60
50
00

Dues capital, as per gen$471,652 00
eral ledger,
Profits capital, as per
87,638 03
general ledger, .
3,343 00
Unpaid dues,

485 00
$562,633 03

Total,

$562,633 03

Number of shares issued during the y e a r , ....................................... 2,890
Number o f shares now in f o r c e , ...........................................................12,132
Number of shares now borrowed u p o n , ................................................. 3,385
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r ,....................................... 2,300
Number of shares forfeited during the year........................................................35
Number of shares matured during the y e a r , ................................................. 56
Highest per centum of interest received during the year: 6.
Lowest per centum of interest received during the y e a r: 5.
Number of members withdrawn during the y e a r , ....................................... 226
Present number of m e m b e r s , ...............................................................................1,319
Present number of b o r r o w e r s ,.................................................................................. 384
Present number of n o n -b o r r o w e r s ,........................................................................ 935
Number of loans secured by first mortgage o f real estate,
.
.
. 270
Number of loans on s h a r e s , .................................................................................. 114
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one m e m b e r , ..............................................................................
50 00
Am ount of expenses of the corporation for the year ending Oct. 31, 1896,
.
1,888 43
Date of examination by commissioner: February 25.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

199

SOUTH F R A M IN G H A M C O -O P E R A T IV E B A N K — SOUTH
F R A M IN G H A M .
Incorporated April 16, 1889.

Commenced business M ay 6, 1889.

A lf r e d M . E a m e s , P r e s id e n t .
H a r r ie L . D a v e n po r t , S e c r e t a r y .
H a r r ie L . D avenpor t , T r e a s u r e r .

Names of security committee :
Joshua Sm it h ,
E l e a z e r G o u ld in g ,
F rank H . F ales.

Regular meetings the first Monday of each month.

B alance Sh eet Oct.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands o f treasurer, .

31, 1896.

L ia b il it ie s .

$122,280
4,940
72
746
21
94
1,727

00
00
65
04
75
73
95

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Retired shares,
Personal account,

$129,883 12

.

$107,887
18,291
955
808
307
1,474
159

00
41
86
15
49
05
16

$129,883 12

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,
forfeited shares, .
real estate, .
retired shares,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$34,506
7,261
247
383
37,385
5,165
206
20
225
693
9,823
4,157

00
97
29
54
00
00
44
24
26
68
00
23

For real estate loans, .
$48,800 00
share loans, .
5,200 00
dues capital (withdrawn),
20,766 00
dues capital (forfeited),
1,170 00
dues capital (retired), .
8,096 00
profits capital
(with­
drawn),
2,753 39
profits capital (forfeited),
139 76
profits capital (retired),
1.727 00
temporary expenses,
697 70
forfeited shares,
113 38
real estate,
534 52
retired shares,
8,348 95
Cash on hand Oct. 31, 1896,
1.727 95

$100,074 65

$100,074 65

[Pub. Doc.

REPORT OF THE

200

Total Amount of Loans at Specified Rates of Interest.
L oans

$1,800
825
65
700

7 per cent.
71
“
7i
“
7?
“

00
00
00
00

on

Sh ak es.

R ate.

A m ou n t.

R a te.

A m ount.

6 per cent.
6J
6i
“
6|
6¿
“
6|
“
6|
6J
»

00
00
00
00
00
00
00
00

L oans

R ea l E sta te .

R ate.

A m o u n t.

$32,100
51,800
17,990
8,200
5,900
2,050
500
350

on

$3,700
400
150
50
400
100
100
40

6 per cent.
6i
“
6|
“
6§
61
“
6|
«
7i
“
7¿
“

00
00
00
00
00
00
00
00

M ay, 1889, .
Nov.', 1889; .
Nov.',
M ay,
N ov.,
May,'
N ov.,
M ay,
N ov ,
M ay,
N ov.,
M ay,
N ov.,
M ay,

1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1 $113 46
104
95
86
78
69
61
54
46
39
32
25
18
12
6

2
3
4
5
6
7
8
9
10
11
12
13
14
15

Dues paid in advance, .
Total,

•

•

234
146
165
93
62
111
82
91
150
194
197
228
205
376
512

23
27
57
13
93
97
24
74
46
39
52
85
38
10

Total
Value.

Value per
Share.

Series.

D a t e oe
I ssue.

Shares in
Force.

Reconciliation of Share Account with Dues and Profits Capital.

$26,549
15,217
15,719
8,051
4,844
7,762
5,081
4,935
7,011
7,655
6,380
5,818
3,864
4,654
3,123

815 00

.
•

Dues capital, as per gen$107,887 00
eral ledger,
Profits capital, as per
18,291 41
general ledger, .
1,306 00
Unpaid dues,

64
58
55
01
06
23
54
84
00
24
83
56
25
88
20

Number of shares issued during the year,

Number o f shares now in force,
.
.
Number of shares now borrowed upon, .

.

.

Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
.
Number of shares retired during the year,
Highest per centum of interest received during the year 7 6-8.
Lowest per centum of interest received during the year : 6 .
Number of members withdrawn during the year,
.
Present number of m e m b e r s , ........................................
Present number of borrowers.............................................
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate
Number of loans on s h a r e s , ........................................
Largest loan to any one member,
.
.
.
.

Smallest loan to any one member,

.

.

.

$127,484 41

Total,

$127,484 41

997
2,846
872
25
656
30

•

Amount of expenses of the corporation for the year ending Oct. o l, loyb,
Date of examination by commissioner : February 25.


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

100
99
415

111
304

102
28
$4,500 00
25 00
715 86

No. 8.]

201

SAVINGS BANK COMMISSIONERS.

SOUTH SHORE C O -O P E R A T IV E B A N K — W E Y M O U T H .

Incorporated April 18, 1890.

Commenced business May 5, 1890.

F ran cis A m b l e r , P r e s id e n t .
C h a s . G. S h e p p a r d , S e c r e t a r y .
C h as . G. S h e p p a r d , T r e a s u r e r .

Names of security committee:
G eorge W . W h it e ,
G eorge H . B ic k n e l l ,
D a v id J. P ie r c e .

Regular meetings the first Monday of each month.

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

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Insurance account,
Cash in hands o f treasurer, .

31, 1896.

L ia b il it ie s .

$49,000
‘2,600
145
164
15
17
15
2,527

00
00
00
25
00
46
00
40

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Security committee,

$54,484 11

.

$46,566
7,495
127
265
30

00
45
00
66
00

$54,484 11

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
security committee,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$14,134
2,787
189
62

00
90
85
46
50
00
00
64
00
90
00
35

For real estate loans, .
$15,400 00
share loans, .
1,025 00
dues capital (withdrawn),
3,990 00
dues capital (forfeited),.
105 00
profits capital (withdrawn),
437 73
profits capital (forfeited),
8 00
temporary expenses,
277 40
forfeited shares,
.
375 07
insurance account,
15 00
security committee,
42 00
Cash on hand Oct. 31, 1896,
2,527 40

$24,202 60

$24,202 60

3,250
200
109
2
109
64
3,292

[Pub. Doc.

REPORT OF THE

202

Total Amount of Loans at Specified Hates of Interest.
L oans

on

L oans

R eal E state.

on

Sh a k e s .

Rate.

Amount.

Amount.

Rate.

Amount.

Rate.

$4,400 00
32,300 00
8,200 00

6.00 per cent.
6.30
“
6.60
“

$2,700 00
600 00
800 00

6.90 per cent.
7.20
“
7.50
“

$300 00
2,300 00

6.00 per cent.
6.30

1890,
1890,
1891,
1891.
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1

2
3
4
5
6
7
8
9
10

11
12
13

$96
87
78
70
62
54
46
39
32
25
18
12

16
35
76
41
32
49
91
54
43
53
85
38

6 10

Total
Value.

M ay,
N ov.,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
May,
N ov .,
M ay,

Shares in
Force.

D a t e of
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

166
69
68
43
77
53
72
66
97
79
128
141
157

$15,962
6,027
5,355
3,027
4,798
2,887
3,377
2,609
3,145
2,016
2,412
1,745
957

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

•

$54,356 45

Total,

Number of shares issued during the year,
Number of shares now in f o r c e , .......................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Highest per centum of interest received during the year : 6 3-10.
Lowest per centum of interest received during the year, 6 .
Number of members withdrawn during the year,
Present number of m e m b e r s ,.................................................
Present number of b o r r o w e r s ,.................................................
Present number of non-borrowers.............................................
Number of loans secured by first mortgage of real estate,

7,495 45
295 00

$54,356 45

.

.

326

. 1,216
. 342
.
25
. 144
.
5

.

1

35

. 217
.
47
. 170
.
42
.
13

Number of loans on s h a r e s , .................................................
Largest loan to any one m e m b e r , .......................................
Smallest loan to any one m e m b e r ,.......................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : March 27.


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

$46,566 00

31 00

Dues paid in advance, .
Total,

56
15
68
63
64
97
52
64
71
87
80
58
70

.

$4,600 00
50 00
297 40

No. 8.]

203

SAYINGS BANK COMMISSIONERS

SOUTH W E Y M O U T H C O -O P E R A TIV E B A N K — SOUTH
W EYM OUTH.
Incorporated Feb. 28, 1889.

Commenced business March 9, 1889.

A . F enton B u l l o ck , P r e s id e n t .
F r a n k H . R ic h a r d s , S e c r e t a r y .
E llis J. Pit c h e r , T r e a su r e r .

Names of security committee:
Louis A . C ook ,
F rancis F . B u ll o ck ,
Ja s . F . F r a w l e y ,
John H . S tetson ,
Ch a s. H . Cla p p .

Regular meetings the second Saturday of each month.

Balance Sh eet Oct.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$53,925
4,600
60
87
10
616

00
00
00
00
43
89

Dues capital,
Profits capital (all series),
Interest,
.
.
.
.
Premiums, .
.
.
.
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$59,299 32

.

$49,246
9,456
158
12

00
10
58
90
25
42 16
267 70
115 63

$59,299 32

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 89 6 .
/
R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
surplus,
Cash on hand Oct. 31, 1895, .


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

D isb u r se m e n t s.

$12,475
3,239
120
192
2
4,050
1,275
131
2
1,955

00
87
20
09
25
00
00
67
00
81

For real estate loans, .
$16,600 00
1,750 00
share loans, .
dues capital (withdrawn),
3,707 00
profits capital
(withdrawn),
527 04
239 96
temporary expenses»
3 00
security committee,
Cash on hand Oct. 31, 1896,
616 89

$23,443 89

$23,443 89

204

REPORT OF THE

[Pub. Doc.

Total Amount of Loans at Specified Rates of Interest.
Loans

Amount.
$33,925
8,750
3,800
3,600

00
00
00
00

on

R eal E state.

L oans

Kate.

Amount.

Rate.

6.00 per cent.
6.30
6.60
«
6.90
“

$1,300 00
1,450 00
1,100 00

7.20 per cent.
7.50
8.10

on

Sh a k e s .

Amount.
$3,750
300
200
350

00
00
00
00

Rate.
6.00 per cent.
6.30
“
6.60
“
7.20
“

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12

13
14
15
16

$115
106
97
88
80
72
64
56
48
41
34
27
20
14

8 10
2 00

Dues paid in advance, .
Total,

61
49
53
82
31
06
08
31
76
44
39
52
85
38

Total
Value.

Mar.,
Sept.,
M ar.,
Sept.,
Mar ,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

Shares in
Force.

D a te op
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

184
40
87
35
52

$21,272
4,259
8,485
3,108
4,176
1,441
2,499
3,716
3,705
497
1,581
1,376
1,105
1,136
931
42

20

39
66
76
12

46
50
53
79
115
21

24
60
11
70
12
20
12
46
76
28
94
00
05
02
50
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

9,456 10
652 00

•

20 00

$59,354 10

Total,

Number o f shares issued during the year............................................................
Number of shares now in f o r c e , .....................................................................
Number of shares now borrowed u p o n , ...........................................................
Largest number of shares held by any one member,
.
.
.
.
Number of shares withdrawn during the year..................................................

$59,354 10

176
975
368
25
136

Highest per centum of interest received during the year: 8 1-10.
Lowest per centum of interest received during the year : 6.
Number of members withdrawn during the y e a r , .......................................
25
Present number of m e m b e r s ,.............................................................................. 197
Present number of b orro w e rs,..............................................................................
76
Present number of n o n -b o rro w e rs,..................................................................... 121
Number of loans secured by first mortgage of real estate,
77
Number of loans on shares,
...............................................................................
30
Largest loan to any one m e m b e r , .....................................................................
Smallest loan to any one m e m b e r , .....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date o f examination by commissioner : April 7.


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

$49,246 00

$4,750 00
25 00
274 96

No. 8.]

SAYINGS BANK COMMISSIONERS.

205

S P R IN G F IE L D C O -O P E R A TIV E B A N K — SP R IN G F IE L D .
Incorporated April 13, 1882.
C. L . S h a w , P r e s id e n t .

Commenced business May 9, 1882.

E . S. B a t c h e l d e r , S e c r e t a r y .
C. H. C h u r c h i l l , T r e a su r e r .

Names of security committee:
G e o r g e A . D e n is o n ,
S. D . S h e r w o o d ,
C. H . C h u r c h i l l .

Regular meetings the second Tuesday of each month.

Balance Sheet Oct.

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
«424,560 00
Loans on shares, .
15,060 00
Permanent expense account,.
400 00
Unpaid interest,
1,925 01
Unpaid premiums,
48 65
Unpaid fines................................
268 79
Cash in hands of treasurer, .
5,006 20

Dues capital,
#379,651 00
Profits capital (all series), .
63,642 72
Guaranty fund, .
1,937 81
Surplus,
.
.
.
.
1,720 88
Forfeited share account,
303 24
Real estate by foreclosure, .
13 00

#447,268 65

#447,268 65

Detailed Statement of Receipts and Disbursements for the Tear endinq
Oct. 31, 1896.

R

e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits.
forfeiture profits, .
real estate by foreclosure,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

#125,314
24,433
317
1,092
8
44,850
11,600
1,295
39

00
21
20
73
50
00
00
36
60

2,467 55
8,144 93

#219,563 08

For real estate loans, .
#119,525 00
share loans, .
12,600 00
dues capital (withdrawn),
51,633 00
dues capital (forfeited),
1,035 00
dues capital (retired), .
15,254 00
profits capital
(withdrawn),
7,448 45
profits capital (forfeited),
238 80
profits capital (retired),
4,586 94
temporary expenses,
1,640 92
real estate by foreclosure,
42 55
interest, .
.
.
.
249 43
fines,
.
.
.
.
2 24
guaranty fund,
245 14
personal account, .
55 41
Cash on hand Oct. 31, 1896,
5,006 20
#219,563 08

[Pub. Doc

RKPORT OF THE

206

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$358,610
41,250
9,150
7,200
600
3,350
800
2,800
800

on

Amount.

Rate.

00
00
00
00
00
00
00
00
00

L oans

R eal E state.

Rate.

Amount.
$12,410
875
400
225
100
400
350
200
50
50

6.00 per cent.
6.30
“
6.60
6.90
“
7.50
“
7.80
8.10
8.40
“
8.70

00
00
00
00
00
00
00
00
00
00

on

Sh a r e s .

Rate.
6.00 per cent.
6.30
“
6.60
“
7.20
7.80
“
8.10
8.40
“
8.70
«
9.30
“
9.60
“

1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1890,
1890,
1891,
1891,
1891,
1891,
1892,
1892,
1892,
1892,
1893,
1893,
1893,
1893,
1894,
1894,
1894,
1894,
1895,
1895,
1895,
1895,
1896,
1896,
1896,

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

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

$200
188
177
166
155
145
134
124
115
105
101
96
92
87
83
78
74
70
66
62
58
54
50
47
43
39
36
32
29
25
22
18
15
12
9
6
3

Dues paid in advance, .
Total,


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

29
70
29
29
48
16
81
95
05
71
05
49
00
56
20
97
74
61
54
50
54
65
83
03
29
65
04
48
01
56
21
90
62
39
22
10
03

T otal
Value.

M ay,
N ov.,
May,
N ov .,
M ay,
N ov.,
M ay,
Nov.,
May,
N ov.,
Feb.,
M ay,
Aug.,
Nov.,
Feb.,
M ay,
A u g .,
N ov.,
Feb.,
May,
A ug.,
Nov.,
Feb.,
M ay,
A ug.,
N ov.,
Feb.,
M ay,
A ug.,
N ov.,
Feb.,
M ay,
A u g .,
Nov.,
Feb.,
M ay,
A ug.,

Shares in
F orce.

D ate op
I ssue.

V alue per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

3
20
36
47
49
81
103
80
16
139
117
130
143
105
316
216
214
273
372
334
272
392
319
270
310
294
452
366
367
523
714
538
602
371
745
794
677

$600
3,774
6,382
7,815
7,618
11,757
13,885
9,996
1,840
14,693
11,822
12,543
13,156
9,193
26,291
17,057
15,994
19,276
24,752
20,875
15,922
21,422
16,214
12,698
13,419
11,657
16,290
11,887
10,646
13,367
15,857
10,168
9,403
4,596
6,868
4,843
2,051

87
00
44
63
52
96
43
00
80
69
85
70
00
80
20
52
36
53
88
00
88
80
77
10
90
10
08
68
67
88
94
20
24
69
90
40
31

Dues capital, as per general ledger,
$379,651 00
Profits capital, as per
general ledger, .
63,642 72
3,630 00
Unpaid dues,

277 00
$446,923 72

Total,

$446,923 72

No. 8.1

SAVINGS BANK COMMISSIONERS.

Number of shares issued during the y e a r , .......................................
Number of shares now in f o r c e , ...........................................................
Number of shares now borrowed u p o n , .................................................
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
.
.
.
.
Number o f shares forfeited during the year.............................................
Number of shares retired during the y e a r , .......................................
Highest premium received during the y e a r , .......................................
Lowest premium received during the y e a r , ........................................
Number of members withdrawn during the year, .
.
.
.
Present number of m e m b e r s ,.....................................................................
Present number of b o rr o w e rs,.....................................................................
Present number of n o n -b o rro w e rs,...........................................................
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
.
.
.
.
.
Largest loan to any one member............................................... * .
Smallest loan to any one m e m b e r , ...........................................................

2,943
10,800
2,917
25
1,751
.
25
.

.

171
$0 70
05

.

152
1,300

.

275
1,025
. 263
.

Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: October 1.


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

207

71

.

5,000 00
25 00
1,640 92

[Pub. Doc.

REPORT OF THE

208

STO N EH A M C O -O P E R A T IV E B A N K — STO N EH A M .

Incorporated Jan. 10, 1887.
W

il l ia m

Commenced business Feb. 1, 1887.

B. S n o w , P r e s id e n t .
G eorge N . G r e e n , S ecreta ry.
G e o r g e N . G r e e n , T r e a su r e r .

Names of security committee :
O . H . M a r st o n ,
A . H . Co w d r e y ,
S. A . H i l l .

Regular meetings the first Tuesday of each month.

Balance Sheet O ct.

31,1896.

L ia b il it ie s .

A ssets.

$139,200 00
Loans on real estate,
7,700 00
Loans on shares, .
.
1,008 50
Unpaid interest,
2 25
Unpaid premiums,
280 98
Unpaid fines, .
.
.
.
4,861 42
Cash in hands of treasurer, .

Dues capital,
$126,071 00
25,089 04
Profits capital (all series), .
1,025 00
Guaranty fund, .
827 29
Surplus,
.
.
.
.
40 82
Forfeited share account,

$153,053 15

$153,053 15

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

00
84
40
14
25
00
00
70
77
40
26

$42,100 00
For real estate loans, .
4,950 00
share loans, .
12,736 00
dues capital (withdrawn),
259 00
dues capital (forfeited),
dues capital (retired), .
8,471 00
profits
capital (with2,200 43
drawn),
31 81
profits capital (forfeited),
2,388 07
profits capital (retired),
558 15
temporary expenses,
193 50
forfeited shares,
5 38
interest on retired shares,
4,861
42
Cash on hand Oct. 3 1 ,1 8 9 6 ,.

$78,754 76

$78,754 76

$34,605
7,993
23
380
4
23,450
3,200
163
15
33
8,885

No. 8.]

SAYINGS BANK COMMISSIONERS

209

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$138,600 00
200 00

on

Rate.

R eal E state.

L oans

Amount.

6.00 per cent.
6.30
“

$400 00

on

Sh a r e s .

Rate.

Amount.

Rate.

6.60 per cent.

$7,600 00
100 00

6.00 per cent.
7.20

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

$160
150
139
129
119
114
105
96
87
78
70
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

86
17
76
64
78
93
48
31
42
79
45
36
53
91
56
44
55
87
39
10

Total
Value.

1887, .
1887, .
1888, .
1888, .
1889, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893,.
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .

Shares in
Force.

Feb.,
A u g .,
Feb.,
A u g .,
Feb.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

D a t e of
I ssue.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

81
35
94
24
71
48
75
89
123
108
152
140
167
111
229
224
250
251
385
339

$13,029
5,255
13,137
3,111
8,504
5,516
7,911
8,571
10,752
8,509
10,708
8,730
9,106
5,207
9,059
7,266
6,387
4,736
4,770
2,067

.

66
95
44
36
38
64
00
59
66
32
40
40
51
01
24
56
50
37
15
90

Dues capital, as per general ledger,
$126,071 00
Profits capital, as per
general ledger, .
25,089 04
Unpaid dues,
1,259 00

79 00

• $152,419 04

Total,

Number of shares issued during the year,
Number of shares now in f o r c e , ........................................
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number o f members withdrawn during the year,
Present number of m e m b e r s ,.................................................
Present number of borrowers.......................................................
Present number o f non-borrowers,
.
.
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , .................................................

$152,419 04

.

765
2,996
. 970
.
25
. 336
.
20
.

87

.

.

.

.

.
35
. 423
. 131
. 292
. 141

.
Largest loan to any one member,
.
.
.
.
.
Smallest loan to any one m e m b e r ,........................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : M ay 22.


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

$0 05
05

43

.

5,000 00
50 00
558 15

210

[Pub. Doc.

EEPOET OF THE

STO U G H TO N C O -O P E R A T IV E B A N K — STO UGH TON.
Incorporated March 23, 1886.

Commenced business April 10, 1886.

H e n r i L . J o h n so n , P r e s id e n t .
H e n r y W . B r it t o n , S e c r e t a r y .
H e n r y W . B r it t o n , T r e a s u r e r .
Names of security committee:
R ic h a r d B . W a r d ,
G eorge F . W
C h r is t o p h e r F a r r e l l .

alker,

Regular meetings the second Saturday of each month.
B alan ce Sh eet Oct.

31, 1896.

A ssets.

L ia b il it ie s .

$157,175 00
Loans on real estate,
9,210 00
Loans on shares, .
50 00
Permanent expense account,
7 00
Temporary expense account,
3,659 01
Real estate by foreclosure, .
1,216 18
Real estate otherwise acquired,
Fines account,
33 48
Cash in hands of treasurer, .
566 38

$136,839 00
Dues capital,
Profits capital (all series), .
28,445 20
Interest,
.
.
.
.
456 96
40 70
Premiums, .
.
.
.
1 00
Transfer fees,
Withdrawal profits,
85 05
Guaranty fund, .
2,361 66
2,173 74
Surplus,
.
.
.
.
13 74
Forfeited share account,
1,500 00
Due on mortgage loans,

$171,917 05

$171,917 05

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
real estate by foreclosure,
due borrowers’ account,
Cash on hand Oct. 31, 1895, .


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

$36,062
9,316
629
549
4
30,807
7,165
577

00
99
65
76
50
00
00
91

327 50
1,500 00
9,512 60

$96,452 91

$39,500 00
For real estate loans, .
6,940 00
share loans, .
15,798 00
dues capital (withdrawn),
105 00
dues capital (forfeited),
dues capital (retired), .
18,527 00
profits capital (with2,303 89
dravrn),
profits capital (forfeited),
7 23
5,465 46
profits capital (retired),
806
93
temporary expenses,
81 78
forfeited shares,
570 00
due borrowers’ account,
168 33
taxes on real estate,
interest on retired shares,
216 93
5,395 98
real estate,
566 38
Cash on hand Oct. 31, 1896,
$96,452 91

No. 8.]

SAYINGS BANK COMMISSIONERS.

211

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$2,000
134,025
8,300
4,500
1,050

00
00
00
00
00

on

Rate.

R eal E sta te .

L oans

Amount.

6.00 per cent.
6.30
6.60
“
6.90
»
7.20
«

$3,300
1,300
1,600
1,100

Rate.

00
00
00
00

7.50 per cent.
7.80
“
8.10
8.40
»

on

Sh ar e s.

Amount.

Rate.

$9,060 00
150 00

6.30 per cent.
6.60
“

$179
158
137
117
108
98
89
81
72
64
56
49
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

23
74
49
52
01
79
83
17
77
63
76
13
74
57
65
93
42
11
00

Total
Value.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

Shares in
Force.

April, 1886, .
Mar., 1887, .
M ar., 1888, .
M ar., 1889, .
Sept., 1889, .
Mar., 1890, .
Sept., 1890, .
M ar., 1891, .
Sept., 1891, .
M ar., 1892, .
Sept., 1892, .
Mar., 1893, .
Sept., 1893, .
M ar., 1894, .
Sept., 1894, .
M ar., 1895, .
Sept., 1895, .
M ar., 1896, .
Sept., 1896,.

Value per
Share.

D a te of
I ssu e.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

84
46
106
155
69
115
145
161
105
188
156
229
115
181
168
190
304
287
276

$15,055
7,302
14,573
18,215
7,452
11,360
13,025
13,068
7,640
12,150
8,854
11,250
4,800
6,257
4,645
3,976
4,383
2,327
552

32
04
94
60
69
85
35
37
85
44
56
77
10
17
20
70
68
57
00

Dues capital, as per general ledger,
$136,839 00
Profits capital, as per
general ledger, . ' .
28,445 20
Unpaid dues,
1,768 00

159 00
$167,052 20

Total,

$167,052 20

Number of shares issued during the year,
. 815
Number of shares now in f o r c e , .......................................
3,080
Number of shares now borrowed upon,
.
.
.
.
1,001
Largest number of shares held by any one member,
25
Number of shares withdrawn during the year,
610
Number of shares forfeited during the year,
21
Number of shares retired during the year,
211
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .
99
Present number of m e m b e r s ,.................................................
452
Present number of b o r r o w e r s,.................................................
214
Present number of n o n -b o rro w e rs,.......................................
238
Number of loans secured by first mortgage of real estate,
174
Number of loans on s h a r e s , .................................................
40
Largest loan to any one m e m b e r , .......................................
Smallest loan to any one m e m b e r ,.......................................
Amount of expenses of the corporation for the year ending Oct. 31* 1896,
.’
Date o f examination by commissioner : March 23.


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

$0 35
05

5,000 00
25 00
806 93

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

No. 8.]

SAYINGS BANK COMMISSIONERS

213

Total Amount of Loans at Specified Bates of Interest.
L oans

on

R eal E st a te .

L oans

Amount.

Rate.

Amount.

Rate.

S I,345 00
2,950 00

6.00 per cent.
6.90
“

$2,400 00
32,313 64

7.20 per cent.
7.50
“

on

Amount.
$250 00
4,425 00

Sh a r e s .

Rate.
6.90 per cent.
7.50

1886,
1887,
1887,
1888,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
3
4
5
6
7
8
9
10
11
12

13
14
15
16
17
18
19
20
21
22

$186
163
152
142
131
125
115
105
96
88
79
71
63
55
47
40
32
25
19
12
6

Dues paid in advance, .
Total,

07
87
87
20
85
19
40
97
88
05
50
14
00
10
43
00
76
76
00
45
12

Total
Value.

Jan..
Jan.,
July,
Jan.,
July,
N ov.,
M ay,
N ov.,
M ay,
Nov.,
M ay,
Nov.,
M ay,
N ov.,
M av,
Nov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

D a t e of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

9

$1,674
1,966
2,751
3,555
4,219
375
1,961
2,967
1,743
3,874
1,113
4,054
5,670

12

18
25
32
3
17
28
18
44
14
57
90
22

9
5
69
74
139
46
103

63
44
66
00
20
57
80
16
84
20
00
98
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$36,795 00
8,247 29
800 00

1 ,2 1 2 2 0

426 87
2 0 0 00

2,260
1,906
2,641
572
630

44
24
00
70
36

65 00
$45,842 29

Total,

$45,842 29

Number of shares issued during the y e a r , ................................................. 168
Number of shares now in f o r c e , .....................................................................834
Number of shares now borrowed u p o n , ...........................................................299
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................117
Highest premium received during the y e a r , ........................................................... $0 25
Lowest premium received during the y e a r , ...........................................................
25
Number o f members withdrawn during the year..............................................27
Present number of members......................................................................................... 133
Present number of b o r r o w e r s ,.................................................................................... 45
Present number o f n o n -b o rro w e rs,...........................................................................88
Number of loans secured by first mortgage of real estate,
.
.
.
41
Number of loans on s h a r e s , .....................................................................................15
Largest loan to any one m e m b e r , ..............................................................................
3,000 00
Smallest loan to any one m e m b e r ,...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
413 75
Date of examination by commissioner : March 20.


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

214

[Pub. Doc.

REPORT OF THE

T A U N T O N C O -O P E R A T IV E B A N K — T A U N T O N .
Incorporated March 2,1880.

Commenced business March 17,1880.

H e n r y W . C o l b y , P r e s id e n t .
G eo rge E . D ea n , T rea su rer.

H . 0 . M o rse, S ec reta ry.

Names of security committee:
D a n ie l Ca r e y ,
T homas B a k e r ,
H e r b e r t N . P ie r c e .

Regular meetings the first Tuesday after the fifteenth of each month.

Balance Sheet Oct . 31, 1896.

A ssets.

L ia b il it ie s .

Loans on real estate,
$273,200 00
Loans on shares, .
8,650 00
Permanent expense account,.
258 46
Temporary expense account,
591 39
Suspense account, .
2,045 16
Cash in hands of treasurer, .
3,529 63

Dues capital,
$244,896 00
33,149 62
Profits capital (all series), .
Interest,
.
.
.
.
7,942 51
Fines.............................................
206 35
Guaranty fund, .
1,750 44
Surplus,
.
.
.
.
195 78
Forfeited share account,
133 94

$288,274 64

$288,274 64

Detailed Statement of Receipts and Disbursements for the Year endina
Oct. 3 1 , 1896.

R e c e ip t s .

From dues capital,
interest,
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
forfeiture profits, .
forfeited shares, .
profit and loss,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$74,450
16,849
378
75,600
12,550
5
50
13
2,601

00
49
69
00
00
10
10
80
13

For real estate loans, .
$84,350 00
share loans, .
13,750 00
dues capital (withdrawn),
36,339 00
dues capital (forfeited),
38 00
dues capital (retired), .
28,257 00
dues capital (matured),
1,728 00
profits capital
(withdrawn),
6,409 85
profits capital (forfeited),
17 20
profits capital (retired),
5,118 64
profits capital (matured),
787 08
temporary expenses,
1,241 92
interest on retired shares,
918 19
From profits capital, .
13 80
Cash on hand Oct. 31, 1896,
3,529 63

$182,498 31

$182,498 31

No. 8.]

215

SAYINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
L oans

L oans

R eal E state.

on

Sh ar e s.

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.

-

-

$8,650 00

6.30 per cent.

Amount.
$273,200 00

on

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

6
7
8
9
10
11
12
13
14
15
16
17

$191
169
148
128
110
92
75
60
45
31
18
6

Total,

84
50
50
66
00
40
84
19
44
52
39
00

•

Total
Value.

1885,
1886,
1887,
1888,
1889,
1890,
1891,
1892,
1893,
1894,
1895,
1896,

Shares in
Force.

Series.

D ate of
I ss u e .

M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

3
32
6
19
158
328
161
51
87
224
143
10

$3,261
4,915
5,791
5,661
32,340
47,678
54,301
28,349
45,258
27,832
19,548
7,266

28
50
50
04
00
40
44
49
24
16
57
00

Dues capital, as per gen$244,896 00
eral ledger,
Profits capital, as per
33,149 62
general ledger, .
4,158 00
Unpaid dues,

Number of shares issued during the year,
Number of shares now in f o r c e , .......................................
Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number o f shares retired during the year,
Number of shares matured during the year, .
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year,

$282,203 62

Total,

$282,203 62

1,335
6,279
1,932
.
.

25
838
5

.
.

379
12
$0 05
05

.

Present number of m e m b e r s ,.................................................
Present number of b o r r o w e r s ,.................................................
Present number of no n -bo rro w ers,.......................................
Number of loans secured by first mortgage of real estate,

.
94
. 811
. 235
. 576
. 238
.
66

Number of loans on s h a r e s , .................................................
Largest loan to any one m e m b e r , ........................................
•
Smallest loan to any one m e m b e r ,.......................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: November 5.


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

5,000 00
50 00
1,270 64

216

REPORT OF THE

[Pub. Doc

T R O Y C O -O P E R A T IV E B A N K — F A L L R IV E R .
Incorporated July 18, 1880.

Commenced business July 20, 1880.

Jerome C. Bor d en , P r e s i d e n t .
G eorge H . E d d y , Jr., S e c r e ta r y .
G eorge H . E d d y , Jr., T r e a su r e r .
Names of security committee :
Jacob F a s h ,

John M . Y oung ,
T homas D . Co v e l l .

Regular meetings the third Tuesday of each month.
B a la n c e Sh e e t O ct.

A ssets.

Loans on real estate,
Loans on shares, .
Unpaid dues, .
.
.
.
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands o f treasurer, .

31, 1896.

L ia b il it ie s .

$387,850
17,950
1,454
760
21
54
8,441

00
00
00
52
10
80
45

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Advanced payments, .

$416,531 87

.

$349,907
59,187
1,660
5,430
107
239

00
18
05
28
61
75

$416,531 87

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.
R e c e ip t s .

D is b u r s e m e n t s .

From dues capital,
$112,714 00
interest,
22,845 27
premiums, .
996 29
fines,
384 21
real estate loans repaid,
124,150 00
share loans repaid,
11,450 00
forfeited shares, .
1,006 84
advanced payments, .
1,087 81
profits, .
383 50
personal account,
693 00
retired share account, .
644 60
suspense account,
27 62
Cash on hand Oct. 31, 1895, .
28,933 80

For real estate loans, .
$163,800 00
share loans, .
14,300 00
dues capital (withdrawn),
50,690 00
dues capital (forfeited),
872 00
dues capital (retired), '.
36,307 00
dues capital (matured),
5,798 00
profits capital
(withdrawn),
6,319 14
profits capital (forfeited),
142 04
profits capital (retired),
10,653*34
profits capital (matured),
2,597 "24
temporary expenses,
1,635213
forfeited shares,
1,001 84
advanced payments,
984 62
personal account, .
693 00
retired share account, .
644 60
profit and loss,
383 50
suspense account, .
54 04
Cash on hand Oct. 31, 1896,
8,441 45

$305,316 94

$305,316 94


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

No. 8.]

217

SAVINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$12,200
13,000
311,950
800
3,100
25,900
16,200
2,800
1,700
200

on

Rate.

00
00
00
00
00
00
00
00
00
00

L oans

R eal E sta te .

Rate.

Amount.

5.80 per cent.
5.90
“
6.00
«
6.30
6.36
“
6.42
“
6.48
“
6.54
“
6.96
7.86
“

on

Sh a r e s .

Amount.

Rate.

$500
2,800
800
800
3,650
2,500
5,850
850
100
100

5.80 per cent.
6.00
6.30
«
6.36
“
6.40
“
6.42
“
6.48
“
6.50
“
6.96
«
7.92
“

00
00
00
00
00
00
00
00
00
00

1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

.
.
.
.
.
.

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

11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

$200
188
176
165
154
144
134
124
114
105
96
87
79
71
63
55
47
40
33
26
19
13
7
1

Total,


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

24
31
78
61
82
34
16
31
76
45
46
74
27
05
06
31
79
48
39
52
85
38
10
00

Total
Value.

April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct ,
April,
Oct.,

Shares in
Force.

D a te op
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

49
54
49
46
42
78
106
129
120
183
228
250
344
294
547
395
570
573
747
770
1,044
988
1,743
1,204

$9,811
10,168
8,662
7,618
6,502
11,258
14,220
16,035
13,771
19,297
21,992
21,935
27,268
20,888
34,493
21,847
27,240
23,195
24,942
20,420
20,723
13,219
12,375
1,204

76
74
22
06
44
52
96
99
20
35
88
00
88
70
82
45
30
04
33
40
40
44
30
00

$409,094 18

Dues capital, as per general ledger,
$349,907 00
Profits capital, as per
general ledger, .
59,187 18

Total,

$409,094 18

218

REPORT OF THE

[Pub. Doc

Number o f shares issued during the year..................................................3,286
Number of shares now in f o r c e , ........................................................... 10,553
Number of shares now borrowed u p o n , ................................................. 2,640
Largest number o f shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year,
.
.
.
.
1,626
Number of shares forfeited during the y e a r , ................................................. 60
Number of shares retired during the y e a r , ................................................. 384
Number of shares matured during the y e a r , ..................................................42
Highest per centum of interest received during the year : 6^.
Lowest per centum of interest received during the year : 5 8-10.
Number of members withdrawn during the year............................................. 291
Present number of m e m b e r s ,............................................................................... 1,497
Present number of b orro w e rs,.................................................................................. 245
Present number of n o n -b o rro w e rs,..................................................................... 1,252
Number of loans secured by first mortgage of real estate,
.
.
. 194
Number of loans on s h a r e s , ...................................................................................121
Largest loan to any one m e m b e r , ..............................................................................$5,000 00
Smallest loan to any one m e m b e r ,..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
1,635 13
Date of examination by commissioner: June 25.


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

No. 8.]

219

SAVINGS BANK COMMISSIONERS

V O L U N T E E R C O -O P E R A T IV E B A N K — BOSTON.
Incorporated N ov. 16, 1887.
W

a l t er

Commenced business Jan. 1, 1888.

C. S h a p l e ig h , P r e s id e n t .
F rank E . B urbank, S ec r e ta r y .
F rank E . Bu rban k, T rea su rer.
Names of security committee:
John A . R e e d ,
M . J. G il l e s p ie ,

Jam es A . C ook ,
I. W . D e r b y .

Regular meetings the third Wednesday of each month.
B alance Sheet O ct.

31, 1896.
L ia b il it ie s .

A ssets.

$248,575 00
Loans on real estate,
6,450 00
Loans on shares, .
151 19
Temporary expense account,
40 27
Unpaid fines, .
.
.
.
12,002 27
Real estate, .
.
.
.
1,676
51
Personal account, .
781 23
Cash in hands of secretary, .
3,000 32
Cash in hands of treasurer, .

$229,122 00
Dues capital,
41,117 65
Profits capital (all series), .
407 48
Interest........................................
17 30
Premiums, .
.
.
.
147 62
Withdrawal profits,
1,071 00
Guaranty fund, .
639 08
Surplus,
.
.
.
.
142 16
Forfeited share account,
12 50
Security committee,

$272,676 79

$272,676 79

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

Re c e ip t s .

From dues capital,
interest,
premiums, .
fines,
transfer fees,
real estate loans repaid
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
retired shares,
insurance losses, .
security committee,
profits, .
.
insurance premiums,
tax account,
mortgage repaid, .
profit and loss,
personal account,
real estate, .
Cash on hand Oct. 31, 1895,


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

$71,390
15,367
346
533

00
88
50
88

31,050
7,400
1,172
1
59
15,407
75
12
1
54
19
1,773
37

00
00
48
61
30
31
00
50
17
00
84
00
56

210 00
346 06
3,675 06

$148,935 90

$57,875 00
For real estate loans, .
8,100 00
share loans, .
34,666 00
dues capital (withdrawn),
131 00
dues capital (forfeited),
12,362 00
dues capital (retired), .
profits capital (with­
4,677 42
drawn),
.
•
13 69
profits capital (forfeited),
2,998 32
profits capital (retired),
1,560 79
temporary expenses,
45 30
forfeited shares,
15,407 31
retired shares,
47 03
interest, .
.
.
.
40
fines,
.
.
.
.
6,108 11
mortgages foreclosed, .
75 00
insurance losses, .
10
withdrawal profits,
1 17
surplus, .
.
.
.
3 00
profit and loss,
54 00
insurance premiums,
6 74
cash short,
222 83
personal account, .
799 14
real estate by foreclosure,
3,781 55
Cash on hand Oct. 31, 1896,
$148,935 90

220

REPORT OF THE

[Pub. Doc

Total Amount of Loa?is at Specified Rates of Interest.
L oans

Amount.
$3,000
129,950
25,150
29,450
9,350
14,650
3,800
10,450
1,600

on

Rate.

00
00
00
00
00
00
00
00
00

R eal E sta te .

L oans

Amount.

5.00 per cent.
6.00
“
6.25
“
6.30
“
6.50
“
6.60
6.75
“
6.90
“
7.00
«

$1,200
2,600
600
600
1,300
1,150
1,450
3,025
9,250

Rate.

Amount.

00 7.20 per cent.
<(
00 7.25
00 7.50
a
00 7.75
t<
00 7 80
a
00 8.00
it
00 8.50
u
00 9.50
a
00 10.25

$4,800
600
100
200
50
50
300
50
300

00
00
00
00
00
00
00
00
00

on

Sh ak es.

Rate.
6.00 per cent.
it
6.25
it
6.50
it
7.00
it
7.25
it
7.50
it
8.00
it
8.25
it
9.00

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

$141
130
120
110
101
92
83
75
67
59
51
47
44
40
36
33
29
26
23
19
16
13
10
7
4
1

Dues paid in advance, .
Total,


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

•

01
65
66
95
62
59
87
37
17
28
57
83
14
51
94
42
98
55
19
88
62
40
23
11
03
00

Total
Value.

Jan., 1888,
July, 1888,
Jan., 1889,
July, 1889,
Jan., 1890,
July, 1890,
Jan., 1891,
July, 1891,
Jan., 1892,
July, 1892,
Jan., 1893,
April, 1893,
July, 1893,
Oct., 1893,
Jan., 1894,
April, 1894,
July, 1894,
Oct., 1894,
Jan., 1895,
April, 1895,
July, 1895,
Oct., 1895,
Jan., 1896,
April, 1896,
July, 1896,
Oct., 1896,

Shares in
Force,

D a t e op
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

142
157
174
242
176
149
186
156
330
236
357
153
78
68
228
164
143
180
413
340
250
294
353
448
313
250

$20,023
20,512
20,994
26,849
17,885
13,795
15,599
11,757
22,166
13,990
18,410
7,317
3,442
2,754
8,422
5,480
4,284
4,779
9,577
6,759
4,155
3,939
3,611
3,185
1,261
250

42
05
84
90
12
91
82
72
10
08
49
99
92
68
32
88
28
00
47
20
00
60
19
28
39
00

Dues capital, as per general ledger,
$229,122 00
Profits capital, as per
general ledger, .
41,117 65
Unpaid dues,
1,623 00

656 00
$271,862 65

Total,

$271,862 65

No. 8.]

SAYINGS BANK COMMISSIONERS.

221

Number of shares issued during the y e a r , ......................................1,873
Number of shares now in f o r c e , ......................................................... 5,980
Number of shares now borrowed upon..................................................... 1,499
Largest number of shares held by any one member......................................... 25
Number of shares withdrawn during the year,
.
.
.
.
1,484
Number of shares forfeited during the y e a r , ................................................. 40
Number of shares retired during the y e a r , ................................................. 158
Highest per centum of interest received during the year: 10 1-4.
Lowest per centum of interest received during the y ea r: 6.
Number of members withdrawn during the year,
.
.
.
.
.156
Present number of m e m b e r s , .................................................................................. 735
Present number of b o r r o w e r s ,...................................................................................138
Present number of n o n -b o rro w e rs,.........................................................................597
Number o f loans secured by first mortgage ofreal estate,
.
.
. 140
Number of loans on s h a r e s , .................................................................................... 28
Largest loan to any one m e m b e r , ...............................................................................
Smallest loan to any one m e m b e r , ..............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : March 3.


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

$5,000 00
50 00
1,798 50

222

[Pub. Doc

REPORT OF THE

W A K E F IE L D C O -O P E R A T IV E B A N K — W A K E F IE L D .
Incorporated Jan. 31, 1887.
E r a s tub D . W

Commenced business March 5,1887.

e st o n , P r e s id e n t .

H a r r y F oste r, S ec reta ry.

H a r r y F oste r, T rea su rer.
Names of security committee:
R ic h a r d S. S to u t ,
R oger H o w ar d ,
E ve rett W . E aton,
Ol i v e r W a l t o n ,
J ohn L em m an .
Regular meetings the first Saturday of each month.
B a la n c e Sh e e t O ct.

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$182,850 00
Loans on shares, .
4,750 00
Permanent expense account,.
70 00
Temporary expense account,
25 00
Unpaid interest,
652 00
Unpaid premiums,.
50 40
Unpaid fines, .
.
.
.
81 60
Cash in hands of treasurer, .
261 93

Dues capital,
Profits capital (all series),
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

.

$188,740 93

$156,206
30,909
10
384
1,230

00
81
72
28
12

$188,740 93

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
real estate by foreclosure, .
.
.
.
guaranty fund,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$48,974
10,862
757
357
4
31,550
6,450
293
19

00
34
70
45
50
00
00
66
20

.

$51,400 00
For real estate loans, .
7,300 00
share loans, .
dues capital (withdrawn),
11,648 00
dues capital (forfeited),
405 00
dues capital (retired), .
30,699 00
profits capital
(withdrawn),
1,155 95
profits capital (forfeited),
76 80
6,103
26
profits capital (retired),
temporary expenses,
734 84
permanent expenses,
18 50
interest'on retired shares,
493 69
real estate by foreclosure,
3,585 72
guaranty fund,
315 72
Cash on hand Oct. 31, 1896,
261 93

$114,198 41

$114,198 41

5,770 00
315 72
8,843 84

No. 8.]

223

SAYINGS BANK COMMISSIONERS
Total Amount of Loans at Specified Rates of Interest.
Loans

on

L oans

R eal E state.

Rate.

$150,900 00
15,750 00
9,850 00

6.30 per cent.
6.60
“
6.90

$2,250 00
4,100 00

Sh a r e s .

Rate.

Amount.

Rate.

7.20 per cent.
7.50
“

$4,750 00

6.30 per cent.

Amount.

Amount.

on

M ar.,
M ay,
N ov .,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M av,
N ov.,
M ay,
N ov.,
M ay,

1887,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

$162
158
147
136
126
116
106
97
88
79
70
62
54
47
39
32
25
18
12
6

31
54
49
71
24
25
51
10
04
28
81
61
70
03
65
51
60
89
39
10

72
26
90
93
61
53
85
105
104
142
155
191
189
214
357
366
303
395
388
545

•

$11,686
4,122
13,274
12,714
7,700
6,161
9,053
10,195
9,156
11,257
10,975
11,958
10,338
10,064
14,155
11,898
7,756
7,461
4,807
3,324

32
04
10
03
64
25
35
50
16
76
55
51
30
42
05
66
80
55
32
50

Dues capital, as per gen$156,206 00
eral ledger,
Profits capital, as per
30,909 81
general ledger, .
1,196 00
Unpaid dues,

250 00

Dues paid in advance, .
Total,

Total
Value.

Value per
Share.

Series.

D a te op
Issu e.

Shares in
Force.

Reconciliation of Share Account with Dues and Profits Capital.

•

$188,311 81

Total,

$188,311 81

Number of shares issued during the y e a r , ....................................... 1,072
Number of shares now in f o r c e , ........................................................... 3,934
Number of shares now borrowed upon................................................................. 1,081
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 505
Number of shares forfeited during the y e a r , ................................................. 15
Number of shares retired during the y e a r , ................................................. 462
Highest premium received during the y e a r , ...........................................................$0 05
Lowest premium received during the year....................................................................
05
Number of members withdrawn during the y e a r , ....................................... 100
Present number of m e m b e r s ,.................................................................................. 605
Present number of b o r r o w e r s ,.................................................................................. 170
Present number of n o n -b o r r o w e r s,........................................................................ 435
Number of loans secured by first mortgage o f real estate,
.
.
. 167
Number of loans on shares,
.
.
.
................................................. 32
Largest loan to any one m e m b e r , ..............................................................................
5,000 00
Smallest loan to any one m e m b e r , .............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
Date of examination by commissioner : M ay 8.


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

50 00
738 34

224

REPORT OF THE

[Pub. Doc,

W A L T H A M C O -O P E K A T IV E B A N K — W A L T H A M .
Incorporated Oct. 13, 1880.

Commenced business Oct. 20, 1880.

E d w . P. S m i t h , P r e s id e n t .

D a n ie l F . V il e s , S e c r e t a r y .
D a n ie l F . V

il e s , T r e a s u r e r .

Names of security committee :
E d w . P. S m i t h ,
C h ab xe s L. B a il e y ,
M . T . Co n n e l l y .
Regular meetings the third Thursday of each month.
B alance

Sh e e t O c t.

A8SETS.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$618,595 90
Loans on shares, .
12,700 00
Real estate by foreclosure, .
17,638 21
Unpaid interest,
6,810 00
Unpaid premiums,
411 60
Unpaid fines,
555 21
Cash in hands of treasurer, .
6,891 81

Dues capital,
$534,393 00
Profits capital (all series), .
110,268 75
Interest,
.
.
.
.
3,069 25
Premiums, .
.
.
.
217 80
F i n e s , ........................................
202 91
Transfer fees,
75
Guaranty fund, .
7,700 00
Surplus,
.
.
.
.
7,457 39
Outstanding bills,
292 88

$663,602 73

$663,602 73

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

D is b u r s e m e n t s .

From dues capital,
$146,248 00
interest,
35,539 10
premiums, .
2,219 98
fines,
.
.
.
.
1,683 77
transfer fees,
7 25
real estate loans repaid,
146,400 00
share loans repaid,
9,150 00
withdrawal profits,
933 37
forfeiture profits,.
18 79
forfeited shares, .
1,766 45
real estate by foreclos­
ure, .
.
.
.
4,679 57
Cash on hand Oct. 31, 1895, .
26,993 88

$192,620 90
For real estate loans, .
9,550 00
share loans, .
86,825 00
dues capital (withdrawn),
1,633 00
dues capital (forfeited),
dues capital (matured),
28,093 00
profits capital
(with­
drawn),
17,187 29
152 24
profits capital (forfeited),
13,769 32
profits capital (matured),
4,035 96
temporary expenses,
1,766 45
forfeited shares,
13,115 19
real estate by foreclosure,
6,891 81
Cash on hand Oct. 31, 1896,

$375,640 16

$375,640 16


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

No. 8.]

SAYINGS BANK COMMISSIONERS

225

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$333,395
36,300
19,500
31,600
7,650
6,000
22,700

90
00
00
00
00
00
00

on

R eal E state.

Rate.

L oans

Amount.
$2,200
2,300
128,600
2,450
10,800
15,100

6.00 per cent.
6.10
“
6.20
6.30
«
6.40
“
6.50
“
6.60
«

Rate.

00
00
00
00
00
00

Amount.

6.70 per cent.
6.80
»
6.90
7.00
“
7.20
7.50

$9,550
1,350
150
1,500
150

00
00
00
00
00

on

Sh a r e s .

Rate.
6.00 per cent.
6.10
“
6.30
“
6.60
»
6.90

•

$195
182
170
159
148
137
126
116
107
102
97
93
88
84
79
75
71
67
63
59
55
51
47
44
40
36
33
29
26
23
19
16
13
10
‘ 7
4
1

Dues paid in advance, .
Total,


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

00
67
74
19
07
33
91
88
17
44
78
20
73
32
99
74
54
43
37
41
47
64
86
14
50
90
40
93
62
16
85
59
38
22
10
03
00

.

T ota l
V alue.

11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47

Shares in
F orce.

Oct., 1885, .
April, 1886, .
Oct., 1886, .
April, 1887, .
Oct., 1887, .
April, 1888, .
Oct., 1888, .
April, 1889, .
Oct., 1889, .
Jan., 1890, .
April, 1890, .
July, 1890, .
Oct., 1890, .
Jan , 1891, .
April, 1891, .
July, 1891, .
Oct., 1891, .
Jan., 1892, .
April, 1892, .
July, 1892, .
Oct., 1892, .
Jan., 1893, .
April, 1893, .
July, 1893, .
Oct., 1893, .
Jan., 1894, .
April, 1894, .
July, 1894, .
Oct., 1894, .
Jan., 1895, .
April, 1895, .
July, 1895, .
Oct , 1895, .
Jan., 1896, .
April, 1896, .
July, 1896,..
Oct., 1896, .

V alue per
Share.

D a te of
I ssu e.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

96
81
120
123
131
215
243
302
255
166
173
308
350
275
306
286
374
294
405
377
269
358
555
338
238
290
408
284
597
406
435
465
652
632
753
380
373

$18,720
14,796
20,488
19,580
19.397
29,525
30,839
35,297
27,328
17,005
16,915
28,705
31,055
23,188
24,476
21,661
26,755
19,824
25,664
22,397
14,921
18,487
26,562
14,919
9,639
10,701
13,627
8,500
15,832
9,402
8,634
7,714
8,723
6,459
5,346
1,531
373

00
27
80
37
17
95
13
76
35
04
94
60
50
00
94
64
96
42
85
57
43
12
30
32
00
00
20
12
44
96
75
35
76
04
30
40
00

Dues capital, as per general ledger,
$534,393 00
Profits capital, as per
3 1 Hi
general ledger, .
110,268 75
Unpaid dues,
11,349 00

1,010 00
$656,010 75

Total,

$656,010 75

226

REPORT OF THE

[Pub. Doc,

Number of shares issued during the y e a r , ............................................... 2,559
Number
o f shares now in f o r c e , ....................................................... 12,313
Number
of shares now borrowed u p o n , .................................................... 3,634
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year,
.
.
.
.
2,120
Number of shares forfeited during the y e a r , ..................................................... 52
Number of shares matured during the y e a r , ...................................................208
Highest per centum of interest received during the y ea r: 6 4-10.
Lowest per centum of interest received during the y e a r: 6.
Number of members withdrawn during the y e a r , ........................................310
Present number of m e m b e r s ,................................................................................1,785
Present number of b orro w e rs,...................................................................................506
Present number of n o n -b o rro w e rs,......................................................................1,279
Number of loans secured by first mortgage of real estate,
.
.
. 444
Number of loans on shares............................................................................................. 62
Largest loan to any one m e m b e r , ............................................................................... $5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
4,035 96
Date of examination by commissioner: M ay 1.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

227

W A T E R T O W N C O -O P E R A T IV E B A N K — W A T E R T O W N .

Incorporated June 5, 1888.

Commenced business June 28, 1888.

C h ar l e s B r ig h a m , P r e s id e n t .
S a m u el S. G leason , S e c r e t a r y .
Sa m u e l S. G leason , T r e a s u r e r .

Names of security committee:
Jam es H . N orcross,
S a m u e l S. G leason ,
H orace W . O tis .

Regular meetings the fourth Thursday of each month.

Balance Sheet Oct. 31,1896.

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Office furniture,
Cash in hands of treasurer, .

L ia b il it ie s .

$207,784
5,660
225
524
49
61
100
6,425

00
00
15
77
65
74
00
21

Dues capital,
$185,795 00
Profits capital (all series), .
27,569 53
Interest........................................
5,093 64
Premiums, .
.
.
.
404 90
F i n e s , ........................................
123 49
Transfer fees,
3 00
Withdrawal profits,
69 77
Guaranty fund, .
584 36
Surplus,
.
.
.
.
1,186 83

$220,830 52

$220,830 52

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.
R e c e ip t s .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$52,611
11,950
921
305
5
14,675
8,062
139
10,893

00
31
55
21
75
00
00
28
14

For real estate loans, .
$51,950 00
share loans, .
6,035 00
dues capital (withdrawn),
6,925 00
dues capital (retired), .
21,384 00
profits capital
(withdrawn),
551 43
profits capital (retired),
4,952 92
temporary expenses.
1,339 68
Cash on hand Oct. 31, 1896,
6,425 21

$99,563 24

$99,563 24

[Pub. Doc

REPORT OF THE

228

Total Amount of Loans at Specified Bates of Interest.
L

00
00
00
00

o n

R

e a l

E

s t a t e

L

.

o a n s

o n

S

h a k e s

.

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.
6.60
6.90
7.20
»

$3,400 00
5,500 00

7.50 per cent.
8.40
“

$440
3,270
675
1,275

6.30 per cent.
6.60
“
6.90
“
7.20
“

Amount.
$152,989
31,775
10,980
3,140

o a n s

00
00
00
00

June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,

.

1888, .
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892,.
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

$128
118
109
100
91
83
74
66
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

•

174
126
103
105
316
126
294
315
130
170
210
334
331
429
360
541
446

37
82
52
49
74
24
99
99
25
74
46
39
52
85
38
10
00

.

Total
Value.

o f

s s u e

Value per
Share.

a t e

I

Series.

D

Shares in
Force.

Reconciliation of Share Account with Dues and Profits Capital.

$22,336
14,971
11,280
10,551
28,989
10.488
22,047
21,101
7,702
8,795
9,336
12,488
10,102
10,231
6,256
6,005
2,230

38
.32
56
45
84
24
06
85
50
80
60
26
12
65
80
10
00

Dues capital, as per general ledger,
$185,795 00
Profits capital, as per
general ledger, .
27,569 53
1,708 Ó0
Unpaid dues,

157 00
$215,072 53

Total,

$215,072 53

Number of shares issued during the y e a r , .................................................. 1,050
Number of shares now in f o r c e , ..................................................................... 4,510
Number of shares now borrowed upon..................................................................1,378
Largest number of shares held by any one member........................................ 25
Number of shares withdrawn during the y e a r ,..................................................... 304
Number of shares retired during the year............................................................... 267
Highest per centum of interest received during the y ea r: 8 4-10.
Lowest per centum of interest received during the y e a r: 6 3-10.
Number of members withdrawn during the year..............................................42
Present number of m e m b e r s ,...................................................................................478
Present number of b o r r o w e r s ,................................................................................... 137
Present number of n o n -b o r r o w e r s,.................................................
.
. 341
Number of loans secured by first mortgage of real estate,
.
.
. 109
Number of loans on s h a r e s , .....................................................................................28
Largest loan to any one m e m b e r , ............................................................................... $5,000 00
Smallest loan to any one m e m b e r , ...............................................................................
30 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
.
1,339 68
Date of examination by commissioner: January 10.


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

No. 8.]

229

SAYINGS BANK COMMISSIONERS

W A Y E R L E Y C O -O P E R A TIV E B A N K — BELM O NT.
Incorporated April 4, 1896.

Commenced business April 13, 1896.

E d w . 0 . H a t c h , P r e s id e n t .

0 . M.

i

0. M.

D en nett, S ec reta ry.

D ennett, T r ea su rer.

Names of security committee:
J ohn P. B r a d b u r y ,
T homas W . B r o w n ,
E d w . 0 . H atch.
Regular meetings the second Monday of each month.

B alance Sheet O ct. 31,1896.

L ia b il it ie s .

A ssets.

Loans on real estate,
.
.
Permanent expense account,
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

$4,600
190
8
1

00
00
85
00
05
2 32
11 69

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
Fines, .
.
.
.
.
Transfer fees,
Guaranty fund, .
Surplus,
.
.
.
.

$4,716 00
64 20
25 51
80
1 60
50
1 50
3 80
$4,813 91

$4,813 91

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

D is b u r s e m e n t s .

R e c e ip t s .

$4,828
87
3
9

From dues capital,
interest,
premiums, .
fines,
transfer fees,

00
27
10
55
75

For real estate loans, .
dues capital (withdrawn),
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1896,

$4,600
112
8
196
11

$4,928 67

$4,928 67

Total Amount of Loans at Specified Rates of Interest.
L oans

on

Amount.

Rate.

$1,600 00

6.00 per cent.


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

L oans

R eal E sta te .

Amount.
$3,000 00

00
00
85
13
69

Rate.
6.30 per cent.

Amount.

on

Sh a r e s .

Rate.

-

230

REPORT OF THE

[Pub. Doc

Value per
Share.

Shares in
Force.

April, 1896, .
Oct., 1896, .

1
2

$7 10
1 00

642
216

Dues paid in advance, .
Total,

Total
Value.

D a te op
I ssue.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$4,558 20
216 00

129 00
$4,903 20

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
Total,

$4,716 00
64 20
123 00
$4,903 20

Number of shares issued during the y e a r , ................................................. 911
Number of shares now in f o r c e , .....................................................................858
Number of shares now borrowed upon........................................................................23
Largest number of shares held by any one member........................................ 25
Number of shares withdrawn during the y e a r ,................................................. 53
Highest per centum of interest received during the y ea r: 6 3-10.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the y e a r , ........................................9
Present number of m e m b e r s ,...................................................................................145
Present number of b o r r o w e r s ,.......................................................................................5
Present number of n o n -b o r r o w e r s,......................................................................... 140
Number of loans secured by first mortgage of real estate,
.
.
.
5
Largest loan to any one m e m b e r , ............................................................................... $1,600 00
Smallest loan to any one m e m b e r ,...............................................................................
200 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
.
14 98
Date of examination by commissioner: November 11.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

231

W E B S T E R C O -O P E R A T IV E B A N K — W E B S T E R .

Incorporated Aug. 2, 1889.

Commenced business Aug. 8, 1889.

Louis E . P a t t is o n , P r e s id e n t.

C. M . N a s h , S e c r e t a r y .
C. M . N a s h , T r e a su r e r .

Names of security committee :
Louis E . P a t t is o n ,
M oses M o r e a u ,
J o h n J. L o v e .

Regular meetings the second Thursday of each month.

B a la n c e Sh e e t O ct.

A sse ts.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines................................
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$50,077
1,805
70
56
3
4
878

00
00
25
50
45
90
58

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums...................................
F i n e s , .......................................
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$52,895 68

$45,074
6,232
794
42
11
67
423
250

00
21
29
24
69
35
00
90

$52,895 68

Detailed Statement of Receipts and Disbursements for the Year endina
Oct. 31, 1896.

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$14,542
2,853
156
33
2,800
865
158
3,302

00
92
53
84
00
00
63
82

For real estate loans, .
$13,727 00
share loans, .
675 00
dues capital (withdrawn),
8,189 00
profits capital
(withdrawn),
963 43
temporary expenses,
257 73
overcharged premiums,
22 00
Cash on band Oct. 31, 1896,
878 58

$24,712 74

$24,712 74

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

No. 8.]

233

SAYINGS BANK COMMISSIONERS.

W E IR C O -O P E R A T IV E B A N K — T A U N T O N .
Incorporated July 11, 1884.
W

m.

Commenced business July 16, 1884.

F . B o d f is h , P r e s id e n t.
A l b e r t H . T etlo w , S ec reta ry.
T . P r e st o n B u r t , T r e a s u r e r .
Names of security committee:
Ch as. H . P a u ll,
John A . C r a n e ,
H o r a t io H . H a l l .
Regular meetings the sixteenth day o f each month.
Balan ce Sheet Oct.

31, 1896.

A ssets.

L ia b il it ie s .

$187,950 00
Loans on real estate,
8,450 00
Loans on shares, .
167 07
Temporary expense account,
1,024 65
Real estate by foreclosure, .
780 75
Unpaid interest,
39 61
Unpaid premiums,
86 98
Unpaid fines, .
.
.
.
1,010 13
Cash in hands of treasurer, .

$162,002 00
Dues capital,
30,096 12
Profits capital (all series), .
3,978 34
Interest,
.
.
.
.
211 99
Premiums, .
.
.
.
118 62
Fines, .
.
.
.
.
2 25
Transfer fees,
985 00
Guaranty fund, .
2,064 87
.
.
.
.
Surplus,
50 00
Advance payments,

$199,509 19

$199,509 19

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
D is b u r s e m e n t s .

R e c e ip t s,

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
advance payments,
dividend on bank deposit,
insurance, .
Cash on hand Oct. 31, 1895, .


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

$41,927
11,545
602
347
4
62,800
2,700
471

00
50
93
18
50
00
00
20

202 60
5 25
7,068 75

$127,674 91

$69,150 00
For real estate loans, .
3,000 00
share loans, .
17,713 00
dues capital (withdrawn),
dues capital (forfeited),
55 00
21,962 00
dues capital (retired), .
2,556 00
dues capital (matured),
profits capital
(with2,526 47
drawn),
4 25
profits capital (forfeited),
6,933 38
profits capital (retired),
1,055 85
profits capital (matured),
478 21
temporary expenses,
5 25
insurance,
.
.
.
interest on retired and
200 72
matured shares, .
1,024 65
real estate,
1,010 13
Cash on hand Oct. 31, 1896,
$127,674 91

[Pub. Doc,

REPORT OF THE

234

Total Amount of Loans at Specified Rates of Interest.
L oans

L oans

R eal E st a te .

on

Sh a k e s .

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.

-

-

$8,450 00

6.30 per cent.

Amount.
$187,950 00

on

1885,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

3
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Total,

$189
167
156
146
136
126
117
107
99
90
82
74
66
58
50
43
36
29
22
16
10
4

27
12
54
25
23
57
12
98
10
45
12
00
01
28
77
48
40
52
85
38
10
00

Total
Value

July,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
Julv,
Jan.,
Julv,
Jan.,
July,
Jan.,
July,
Jan.,
July.
Jan.,
July,
Jan.,
July,

Shares in
Force.

D ate op
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

9
5
103
105
130
154
27
160
26
123
244
96
60
46
154
111
460
355
231
226
371
310

$1,703
835
16,123
15,356
17,709
19,491
3,162
17,276
2,576
11,125
20,037
7,104
3,960
2,680
7,818
4,826
16,744
10,479
5,278
3.701
3,747
1,240

43
60
62
25
90
78
24
80
60
35
28
00
60
88
58
28
00
60
35
88
10
00

$192,980 12

Dues capital, as per general ledger,
$162,002 00
Profits capital, as per
general ledger, .
30,096 12
Unpaid dues,
882 00

Total,

$192,980 12

Number of shares issued during the year............................................................681
Number of shares now in f o r c e , ........................................................... 3,506
Number of shares now borrowed u p o n , ..................................................1,222
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................456
Number of shares forfeited during the y e a r , ..................................................5
Number o f shares retired during the y e a r , ................................................. 202
Number of shares matured during the y e a r , ................................................. 18
Highest per centum of interest received during the year : 6 3-10.
Lowest per centum of interest received during the year : 6 3-10.
Number o f members withdrawn during the y e a r , ........................................38
Present number of m e m b e r s ,...................................................................................457
Present number of b orrow e rs,................................................................................... 174
Present number of n o n -b o rro w e rs,......................................................................... 283
Number of loans secured by first mortgage o f real estate,
.
.
. 155
Number of loans on s h a r e s , ..................................................................................... 24
Largest loan to any one m e m b e r , ............................................................................... $5,000 00
Smallest loan to any one member.....................................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
478 21
Date of examination by commissioner : June 22.


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

No. 8.]

SAYINGS BANK COMMISSIONERS

235

W E S T F IE L D C O -O P E R A T IV E B A N K — W E S T F IE L D .
Incorporated Dec. 13, 1881.

Commenced business Dec. 19, 1881.

M oses P. B r e c k i n r i d g e , P r e s id e n t .
O l in C. T o w l e , S e c r e t a r y .
O l in C. T o w l e , T r e a su r e r .

Names of security committee:
A u g u stu s W . H olton ,
E d w in D . A y e r y ,
Su m n e r B . Ca m p b e l l .

Regular meetings the third Monday of each month.

B alan ce Sheet Oct.

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Cash in hands of treasurer, .

31, 1896.
L ia b il it ie s .

$165,480
16,102
435
4,718
981

67
33
00
56
68

Dues capital,
$149,275 32
Profits capital (all series), .
27,166 06
Interest,
.
.
.
.
3,069 23
F i n e s , .......................................
43 04
Withdrawal profits,
41 47
Guaranty fund, .
1,689 32
.
.
.
.
Surplus,
84 48
Forfeited share account,
2,219 11
Matured share account,
3,857 64
Suspense account,
269 57

$187,718 24

$187,718 24

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .
' D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
fines....................................
real estate loans repaid,
share loans repaid,
withdrawal profits,
matured shares, .
suspense account,
forfeited shares, .
profits on shares reissued,
Cash on hand Oct. 31, 1895, .


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

$41,453
8,616
109
25,004
5,238
174
10,801
338
345

28
68
38
41
33
13
93
15
37

850 77
6,662 16

$99,594 59

For real estate loans, .
$27,692 20
share loans, .
10,853 90
dues capital (withdrawn),
30,201 00
dues capital (forfeited),
303 00
dues capital (retired), .
75 00
dues capital (matured),
7,632 00
profits capital
(withdrawn),
5,508 73
profits capital (forfeited),
48 06
profits capital (matured),
3,169 93
temporary expenses,
504 25
matured share account,.
12,441 34
interest
on
matured
shares,
258 50
Cash on hand Oct. 31, 1896,
981 68
$99,594 59

[Pub. Doc

REPORT OF THE

236

Total Amount of Loans at Specified Bates of Interest.
L oans

L oans

E eal E state.

Bate.

Amount.

6.00 per cent.

-

Amount.
$165,480 67

on

Eate.

-

on

Sh a k e s .

Amount.

Eate.

$16,102 33

6.00 per cent.

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

$197
186
175
164
154
144
134
125
116
107
98
90
81
73
66
58
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

19
20
42
86
56
66
99
51
33
40
73
20
96
99
20
60
26
09
14
38
80
38
10
00

Total
Value.

1884, .
1885, .
1885, .
1886, .
1886, .
1887, .
1887,.
1888, .
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .

Shares in
Force.

Dec..
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec..
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

Value per
Share.

D ate of
I ssue.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

65
26
19
4
99
35
109
47
125
55
60
56
114
144
215
124
220
142
152
173
402
219
372
286

$12,817
4,841
3,332
659
15,301
5,063
14,713
5,898
14,541
5,907
5,923
5,051
9,343
10,654
14,233
7,266
11,277
6,260
5,645
5,255
9,567
3,806
4,129
1,430

35
20
98
44
44
10
91
97
25
00
80
20
44
56
00
40
20
78
28
74
60
22
20
00

Dues capital, as per general ledger,
$149,275 32
Profits capital, as per
27,166 06
general ledger, .
6,559 68
Unpaid dues,

80 00
$183,001 06

Total,

$183,001 06

Number of shares issued during the y e a r , ..................................................750
Number of shares now in f o r c e , ..................................................................... 3,263
Number of shares now borrowed u p o n , ............................................................1,445
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................... 620
Number of shares forfeited during the y e a r , ........................................................16
Number of shares matured during the y e a r , ....................................................... 53
Highest per centum of interest received during the y e a r: 6.
Lowest per centum of interest received during the y e a r: 6.
Number of members withdrawn during the y e a r , ........................................105
Present number of members........................................................................................443
Present number of borrowers, ................................................................................. 245
Present number of non-borrowers............................................................................. 198
Number of loans secured by first mortgage of real estate,
.
.
. 146
Number of loans on s h a r e s , ...................................................................................119
Largest loan to any one member....................................................................................... $4,500 00
Smallest loan to any one m e m b e r ,...............................................................................
5 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
529 25
Date of examination by commissioner : October 28.


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

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

238

REPORT OF THE

[Pub. Doc,

Total Amount of Loans at Specified Bates of Interest.
L oans

on

Amount.

Rate.

$22,000 00
3,770 00
3,700 00

6.30 per cent.
6.60
6.90

R eal E state.

L oans

Amount.
$200 00
400 00

on

Sh a r e s .

Rate.

Amount.

Rate.

7.20 per cent.
7.50

$3,620 00
60 00

6.30 per cent.
6.90

1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

.
.
.
.
.
.
.
.
.

1

2
3
4
5
6

7
8
9

$59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

26
76
47
39
52
85
38
10
00

Total
Value.

.Tune,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

Shares in
Force.

D a te of
I ssue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

178
132
70
72
94
112
109
249
211

$10,548
6,832
3,112
2,692

28
32
90
08

2 ,8 6 8 8 8

2,671
1,894
2,763
1,055

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

2,461 98
410 00

20
42
90
00

60 00
$34,498 98

Total,

$34,498 98

Number of shares issued during the year,
Number of shares now in f o r c e , ........................................
Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number o f shares forfeited during the year,
.
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year, .
Present number of m e m b e r s ,.................................................
Present number of b orrow ers,.................................................
Present number of n o n -b o rro w ers,........................................
Number of loans secured by first mortgage of real estate,
Number o f loans on shares...........................................................
Largest loan to any one m e m b e r , ........................................
Smallest loan to any one m e m b e r ,........................................

.

507
1,227
. 324
.
25
. 184
.
16
.

.

•

$0 10
05

.

28

.
.
.
.
.

153
37
116
24
13

Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: November 21.


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

$31,627 00

.

4,000 00
10 00
95 51

No. 8.]

239

SAYINGS BANK COMMISSIONERS.

W E S T R O X B U R Y C O -O P E R A T IV E B A N K — BOSTON".
Incorporated Feb. 1, 1881.
Steph en F . W

Commenced business March 3, 1881.

o o d m a n , P r e s id e n t .

B e n j . H . Jo n e s, S e c r e ta r y .
E d w a r d M . Br e w e r , T rea su rer.

Names of security committee:
E dw ard M. Brew er,
H enry A . W

R . S. B a r r o w s ,
o od .

Regular meetings the first Thursday of each month.

B alance Sh eet Oct.

L ia b il it ie s .

A sse ts.

Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid tines, .
.
.
.
Cash in hands of treasurer,

31, 1896.

00
00
76
76
19

$268,766 00
Dues capital,
54,706 34
Profits capital (all series), .
2,075 09
Guaranty fund,
2,902 46
Surplus,
.
.
.
.
39 82
Forfeited share account,
Real estate loan (approved,
1,200 00
not paid), .
.
.
.

$329,689 71

$329,689 71

$280,800
38,900
855
106
.
9,027

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
real estate sold, .
insurance premium collected,
bonds and notes, .
Cash on hand Oct. 31, 1895, .


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

$69,300 00
For real estate loans, .
24,000 00
share loans, .
dues capital (withdrawn),
14,677 00
6,864 00
dues capital (retired), .
2,502 00
dues capital (matured),
profits capital
(with1,432 47
drawn),
1,522 07
profits capital (retired),
1,104
06
profits capital (matured),
1,960 75
temporary expenses,
452 69
real estate by foreclosure,
5 87 1
17,023 22
22,998 22
bonds and notes, .
Cash
on
hand
Oct.
31,
1896,
9,027
19
3,987 72

$64,404
17,490
22
448
2
24,000
13,750
355
2,400

00
12
20
81
75
00
00
76
00

$149,865 45

$149,865 45

240

REPORT OF THE

[Pub. Doc,

Total Amount of Loans at Specified Bates of Interest.
L oans

Amount. .
$400
260,950
9,100
5,700
800

on

Rate.

L oans

Amount.

*
5.00 per cent.
6.00
“
6.25
“
6.50
“
6.90

00
00
00
00
00

R eal E st a te .

$1,200
800
1,400
450

00
00
00
00

on

Sh ares.

Rate.

Amount.

Rate.

7.00 per cent.
7.20
7.50
“
8.50

$50 00
38,850 00

7.50 per cent.
6.00
“

1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,

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

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

$197
185
174
163
152
142
132
122
112
103
94
86
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

72
93
47
39
63
21
07
28
80
64
74
12
71
59
67
99
53
29
24
42
79
34
09

Total
Value.

M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N o v .,
M ay,
N ov .,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov .,
M ay,

Shares in
Force.

D a t e of
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

23
95
17
98
92
85
146
126
143
182
273
193
262
306
310
330
290
361
383
420
423
461
403

$4,547
17,663
2,965
16,012
14,041
12,087
19,282
15,407
16,130
18,862
25,864
16,621
20,360
21,294
19,117
17,816
13,493
14,183
12,347
10,676
7,948
5,688
2,454

56
35
99
22
96
85
22
28
40
48
02
16
02
54
70
70
70
69
92
40
17
74
27

Dues capital, as per general ledger,
$268,766 00
Profits capital, as per
general ledger, .
54,706 34
1,536 OO
Unpaid d u es,.

140 00
$325,008 34

Total,

$325,008 34

Number of shares issued during the y e a r , ................................................. 949
Number o f shares now in force,
........................................................... 5,422
Number of shares now borrowed u p o n , ................................................. 2,410
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ........................................584
Number of shares retired during the y e a r , ................................................. 89
Number of shares matured during the y e a r , ................................................. 18
Highest per centum of interest received during the y ea r: 6.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the y e a r , ....................................... 79
Present number of m e m b e r s , ...................................................................................610
Present number of b orrow e rs,...................................................................................207
Present number of non-borrowers, .........................................................................403
Number of loans secured by first mortgage of real estate,
.
.
. 114
Number of loans on shares..............................................................................................93
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one m e m b e r , ...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
1,960 75
Date of examination by commissioner : M ay 26.


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

No. 8.]

241

SAYINGS BANK COMMISSIONERS.

W E S T S O M E R V IL LE C O -O P E R A T IV E B A N K —
SO M E R V IL L E .
Incorporated Nov. 29, 1890.
J. W

arren

Commenced business Dec. 11, 1890.

B a i l e y , P r e s id e n t .
Ol iv e r H . P e r r y , S e c reta ry.
Ol iv e r H . P e r r y , T r ea su rer .
Names of security committee:
L. E. M erry,

E . S. S p a r r o w ,
C. L . S t e v e n s .

Regular meetings the third Monday of each month.
B a la n c e Sh e e t O c t .

A ssets.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$133,350 00
Loans on shares, .
12,621 00
Permanent expense account,
89 06
Real estate by foreclosure, .
4,945 16
Unpaid interest,
301 90
Unpaid prem ium s,.
20 10
Unpaid fines, .
.
.
.
64 57
Cash in hands of treasurer, .
3,555 25

Dues capital,
$134,614 00
Profits capital (all series), .
18,604 86
Interest,
.
.
.
.
832 43
Premiums, .
.
.
.
40 80
F i n e s , ........................................
18 88
Transfer fees,
1 25
Withdrawal profits,
80 26
Guaranty fund, .
249 09
Surplus,
.
.
.
.
487 47
Forfeited share account,
18 00

$154,947 04

$154,947 04

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

From dues capital,
interest,
.
.
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeited shares, .
rents, .
.
.
.
surplus,
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1895, .


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

D is b u k s e h e n t s .

$46,488
8,433
459
261
1
25,500
5,839
370
230
81
36

00
86
31
69
25
00
00
77
40
00
80

144 00
15,829 98
$103,676 06

For real estate loans. .
$54,000 00
share loans, .
9,415 00
dues capital (withdrawn),
27,284 00
dues capital (forfeited),
229 00
profits capital
(withdrawn),
.
.
3,225 05
profits capital (forfeited),
13 37
temporary expenses,
490 46
permanent expenses,
63 37
forfeited shares,
230 40
real estate by foreclosure,
5,170 16
Cash on hand Oct. 31, 1896,
3,555 25

$103,676 06

242

[Pub. Doc

REPORT OF THE

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$34,300
3,200
81,750
7,400
2,000

00
00
00
00
00

on

L oans

R eal E st a te .

Rate.

Amount.

Rate.

6.00 per cent.
6.25
“
6.30
»
6.60
«
6.75

$3,500 00
800 00
400 00

6.90 per cent.
7 00
“
8.70
“

on

Sh ar e s.

Amount.
$6,066
3,308
897
2,330
20

00
00
00
00
00

Rate.
6.00 per cent.
6.30
“
6.60
»
6.90
“
7.20
“

Dec.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct,,
April,
Oct.,
April,
Oct.,

1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13

$85
79
71
63
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

02
35
12
08
29
76
45
38
52
85
38
10
00

420
281
198
364
211
210
149
202
260
473
346
509
132

Total
Value,

Shares in
Force.

D a te op
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$35,708
22,297
14,081
22,961
11,666
10,029
6,027
6.742
6,895
9,389
4,629
3,613
132

40
35
76
12
19
60
05
76
20
05
48
90
00

Dues capital, as per general ledger,
$134,614 00
Profits capital, as per
18,604 86
general ledger, .
Unpaid dues,
1,012 00

57 00
$154,230 86

Total,

$154,230 86

Number of shares issued during the y e a r , ................................................. 990
Number of shares now in f o r c e , ........................................................... 3,755
Number of shares now borrowed upon, .
.
.
.
.
.
1,101
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................976
Number of shares forfeited during the y e a r , ................................................. 5
Highest per centum of interest received during the year: 7.
Lowest per centum of interest received during the y ea r: 6.
Number of members withdrawn during the year............................................. 78
Present number of m e m b e r s , .................................................................................. 428
Present number of b o r r o w e r s,.....................................................................................88
Present number of n o n -b o rro w e rs,.........................................................................340
Number of loans secured by first mortgage of real estate,
.
.
.
59
Number of loans on shares..............................................................................................61
Largest loan to any one member.......................................................................................$5,000 00
Smallest loan to any one member, .
.
.
..................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: February 13.


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

.

690 46

No. 8.]

243

SAYINGS BANK COMMISSIONERS

W H IT M A N C O -O P E R A T IV E B A N K -W H I T M A N .
Incorporated March 6, 1889.
A

mos

Commenced business March 11, 1889.

S. S te tso n , P r e s i d e n t .
G e o r g e D . S o u l e , S e c r e ta r y .
G eorge D . So u le , T rea su rer.

Names of security committee:
A r t h u r Co le m a n ,
Ch a r le s D . N a sh ,
G eo r g e D . S o u l e .

Regular meetings the second Monday of each month.

B alance Sh eet Oct.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$85,800
3,270
318
42
648

00
00
44
12
46

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , ........................................
Transfer fees,
Withdrawal profits,
Guaranty fund,
Surplus,
.
.
.
.
Due borrowers, .

$90,079 02

$75,078
13,060
346
7
2
55
203
1,225
100

00
97
32
40
42
25
27
07
32
00

$90,079 02

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
due borrowers,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$20,495
4,671
371
121
2
15,000
1,110
238
100
1,789

00
51
72
47
50
00
00
15
00
10

For real estate loans, .
$27,700 00
share loans, .
2,205 00
dues capital (withdrawn),
8,893 00
dues capital (retired), .
1,718 00
profits
capital (withdrawn),
957 50
profits capital (retired),
428 40
temporary expenses,
371 85
permanent expenses,
300 00
due borrowers,
659 95
interest on retired shares,
17 29
Cash on hand Oct. 31, 1896,
648 46

$43,899 45

$43,899 45

244

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Lates of Interest.
L oans

on

R eal E state.

L oans

on

Sh a k e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$53,100 00
24,150 00
5,350 00

6.30 per cent.
6.60
“
6.90

$3,100 00
100 00

7.20 per cent.
7.80
“

$2,070 00
1,000 00
200 00

6.30 per cent.
6.60
»
6.90
»

M ar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

$116
107
98
89
80
72
64
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

70
25
14
26
65
29
17
33
76
45
37
51
85
38
10
00

110
88
153
84
113
48
63
71
153
44
113
123
144
136
215
90

.

Total
Value.

Shares in
Force.

D ate of
I ssu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$12,837
9,438
15,015
7,497
9,113
3,469
4,042
3,999
7,460
1,823
3,883
3,383
3,002
1,955
1,741
180

00
00
42
84
45
92
71
43
28
80
81
73
40
68
50
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

13,060 97
764 00

58 00
$88,902 97

Total,

Number of shares issued during the year,
Number of shares now in f o r c e , .......................................
Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member,
Number o f shares withdrawn during the year,
Number o f shares retired during the year,
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year,
Present number of m e m b e r s , .................................................
Present number of b o r r o w e r s ,.................................................
Present number of n o n -b o r r o w e r s ,........................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , .................................................
Largest loan to any one member,
.'
.
Smallest loan to any one m e m b e r , .......................................

$88,902 97

.

380

1,748
. 589
.
25
. 341
.
20
$0 20
05
.
77
. 264
.
93
. 171
.
82
.
23

Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: April 7.


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

$75,078 00

.

5,000 00
50 00
446 85

No. 8.]

SAYINGS BANK COMMISSIONERS.

245

W IN C H E N D O N C O -O P E R A T IV E B A N K — W IN C H E N D O N .
Incorporated Sept. 9, 1891.

Commenced business Sept. 16,1891.

F r e d e r ic k W . R u s se l l , P r e s id e n t.

W

aldo

C . Co r e y , S e c r e t a r y .

Sil a s A . G r e e n w o o d , T r ea su rer.

Names of security committee:
A mos S. L a m b ,

B en j. M . W
John S w e e t s e r .

r ig h t ,

Regular meetings the third Wednesday of each month.

B alance Sheet Oct . 31, 1896.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer, .

$43,540
1,705
45
7
114

00
00
00
30
23

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$45,411 53

$39,638
5,038
377
5
3
13
177
154
4

00
71
01
40
25
09
50
25
32

$45,411 53

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

D is b u r s e m e n t s .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

$13,326
2,615
33
55
1
6,475
2,940
57
315

00
05
30
79
25
00
00
36
47

$25,819 22

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (retired), .
profits capital
(withdrawn),
profits capital (retired),
temporary expenses,
Cash on hand Oct. 31, 1896,

$13,285
2,010
5,278
3,824

00
00
00
00

572
634
100
114

80
24
95
23

$25,819 22

246

REPORT OF THE

[Pub. Doc

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.

on

Rate.

R eal E st a te .

Amount.

6.00 per cent.
6.60
“

w o
' h-*
o ^
o o
o o
o o

L oans

$700 00

on

S h ak es.

Rate.

Amount.

Rate.

7.20 per cent.

$1,705 00

6.00 per cent.

1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,

.
.
.
.
.
.
.
.
.
.
.

1
2

3
4
5
6
7
8
9
10
11

$71
63
56
48
41
34
27
20
14
8
2

91
95
23
74
46
39
52
85
38
10
00

Total
Value.

Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

Shares in
Force.

D a te of
Issu e.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

311
122
42
52
41
50
57
74
147
119
58

$22,364
7,801
2,361
2,534
1,699
1,719
1,568
1,542
2,113
963
116

Dues paid in advance, .
Total,

01
90
66
48
86
50
64
90
86
90
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

5,038 71
157 00

47 00
•

$44,833 71

Total,

$44,833 71

Number of shares issued during the year,
Number of shares now in f o r c e , ........................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year,
Highest per centum of interest received during the y ea r: 6.
Lowest per centum of interest received during the y ea r: 6.
Number o f members withdrawn during the year,
Present number of m e m b e r s ,.................................................
Present number of b o rr o w e rs,.................................................
Present number of n o n -b o r r o w e r s,........................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , .................................................
Largest loan to any one m e m b e r , .......................................
Smallest loan to any one m e m b e r ,.......................................

.

202
1,073
. 270
.
20
. 158
.
64

.

.

.
33
. 222
.
48
. 174
.
50
.
8

Amount of expenses o f the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : June 24.


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

$39,638 00

$2,000 00
'
50 00
140 95

No. 8.]

SAYINGS BANK COMMISSIONERS.

247

W IN C H E S T E R CO- O P E R A T IV E B A N K — W IN C H E S T E R .

Incorporated Nov. 13, 1893.

Commenced business Nov. 13, 1893.

L . C. P a t t e e , P r e s id e n t .

T . B. C otter , S e c r e t a r y .
T . B . C otter , T r e a su r e r .

Names of security committee :
N . T . A pollonio ,

Sa m u e l S. S y m m e s ,
F . J. O’H a r a .

Regular meetings the first Monday of each month.

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

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Loan on municipal bonds,
Cash in hands of treasurer, .

31, 1896.

L ia b il it ie s .

$37,130
2,240
385
240
10,000
398

00
00
00
00
00
56

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.
Profit and loss,

$50,393 56

$46,537
3,643
70
120
23

00
30
00
00
26

$50,393 56

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s .

1

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$22,953
2,297
115
174
1
17,800
1,640
76
901

00
19
25
26
75
00
00
51
35

For real estate loans, .
$27,050 00
share loans, .
1,760 00
dues capital (withdrawn),
5,943 00
profits capita]
(withdrawn),
300 25
temporary expenses,
297 50
permanent expenses,
210 00
demand collateral loan,
10,000 00
Cash on hand Oct. 31, 1896,
398 56

$45,959 31

$45,959 31

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

No. 8.1

249

SAVINGS BANK COMMISSIONERS

W O B U R N C O -O P E R A T IV E B A N K — W O B U R N .
Incorporated Feb. 21, 1887-

Commenced business March 10, 1887.

Ja m e s S k in n e r , P r e s id e n t .

A. W . W
A. W . W

h it c h e r , S e c r e t a r y .

h it c h e r , T r e a s u r e r .

Names of security committee:
H . C. H a l l ,
S. B. G o d d a r d ,
Law rence R eade,
J. W . H a m m o n d ,
T homas S alm on .

Regular meetings the second Thursday of each month.

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

A ssets.

31, 1896.

L ia b il it ie s .

$187,300 00
Loans on real estate,
7,166 11
Loans on shares, .
60 00
Temporary expense account,
2,800 00
Real estate by foreclosure, .
969 28
Unpaid interest,
Unpaid premiums,
71 72
Unpaid f i nes, .
.
.
.
97 97
Cash in hands of treasurer, .
5,649 17

Dues capital,
$164,523 00
Profits capital (all series), .
36,175 32
Interest,
.
.
.
.
665 65
Premiums, .
.
.
.
39 79
F i n e s , ........................................
1 48
Transfer fees,
50
Withdrawal profits,
119 43
Guaranty fund, .
1,467 81
Surplus,
.
.
.
.
1,099 30
Forfeited share account,
10 06
Interest on deposits, .
11 91

$204,114 25

$204,114 25

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$38,995
10,867
686
459
3
14,900
4,727
481
24
538
9,134

00
75
87
99
75
00
55
96
30
56
49

For real estate loans, .
$48,950 00
share loans, .
4,026 00
dues capital (withdrawn),
11,940 00
dues capital (forfeited),
466 00
dues capital (retired), .
5,058 00
profits capital
(withdrawn),
1,926 12
profits capital (forfeited),
96 86
profits capital (retired),
1,367 77
temporary expenses,
801 74
forfeited shares,
538 56
Cash on hand Oct. 31, 1896,
5,649 17

$80,820 22

$80,820 22

[Pub. Doc.

REPORT OF THE

250

Total Amount of Loans at Specified Rates of Interest.
L oans

on

L oans

Real E state.

Rate.

$156,500 00
22,600 00
7,700 00

6.30 per cent.
6.60
“
6.90

$500 00

Sh a k e s .

Rate.

Amount.

Rate.

7.20 per cent.

$6,606 11
530 00
30 00

6.30 per cent.
6.60
“
7.20
“

Amount.

A m ou n t.

on

M ar., 1887,
Oct., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct., Ì895,
April, 1896,
Oct., 1896,

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

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

$159
147
136
126
116
107
98
89
80
71
63
55
48
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

68
19
75
69
85
31
06
11
39
97
79
86
17
74
55
62
92
42
11
00

140
118
98
67
140
142
101
62
206
148
207
130
210
122
442
284
296
83
150
294

.
•

Total
Value.

Shares in
Force.

D a te of
Issue.

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

$22,355
17,368
13,401
8,488
16,359
15,238
9,904
5,524
16,560
10,651
13,204
7,261
10,115
4,970
14,829
■7,560
5,896
1,113
1,066
294

20
42
50
23
00
02
06
82
34
56
53
80
70
28
10
08
32
86
50
00

Dues capital, as per general ledger,
$164,523 00
Profits capital, as per
36,175 32
general ledger, .
1,585 00
Unpaid dues,

120 00
$202,283 32

Total,

$202,283 32

Number of shares issued during the y e a r , ................................................. 541
Number of shares now in f o r c e , ...........................................................3,440
Number of shares now borrowed u p o n , ................................................. 1,194
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r ,................................................. 316
Number of shares forfeited during the y e a r , ................................................. 20
Number of shares retired during the y e a r , ................................................. 62
Highest premium received during the y e a r , ...........................................................
Lowest premium received during the year....................................................................
Number of members withdrawn during the y e a r , ........................................40
Present number of m e m b e r s , ....................................... .........
.
.
. 475
Present number of borrowers....................................................................................... 151
Present number of n o n -b o r r o w e r s ,.........................................................................324
Number of loans secured by first mortgage o f real estate,
.
.
. 156
Number of loans on s h a r e s , ............................................................................... 2 6
Largest loan to any one member,
...............................................................................
Smallest loan to any one m e m b e r , ..............................................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner : January 30.


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

$0 20
05

4,200 00
25 00
801 74

No. 8.]

SAYINGS BANK COMMISSIONERS.

251

W O L L A S T O N C O -O P E R A T IV E B A N K — W O L L A S T O N .
Incorporated April 8, 1889.
W

endell

Commenced business April 16, 1889.

G. C o r t h e l l , P r e s i d e n t .

H e r b er t W . P i n k h a m , S e c r e t a r y .

H erbert W . Pin k h a m , T r ea su rer .

Names of security committee :
Q u in cy A . F a u n c e ,
H e r b er t T . W
A lber t G. O l n e y .

h it m a n ,

Regular meetings the third Tuesday o f each month.

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

A sse ts.

31, 1896.

L ia b il it ie s .

Loans on real estate,
$139,200 00
Loans on shares, .
17,525 00
Permanent expense account,
20 00
Real estate by foreclosure, .
1,954 50
Accrued tines,
33 53
Cash in hands of treasurer, .
884 50

Dues capital,
$135,237 00
Profits capital (all series), .
22,931 99
Interest,
.
.
.
.
407 47
Premiums, .
.
.
.
35 30
Transfer fees,
1 00
Withdrawal profits,
58 34
Guaranty fund, .
610 00
Surplus,
.
.
.
.
333 43
Forfeited share account,
3 00

$159,617 53

$159,617 53

Detailed Statement of Receipts a.nd Disbursements for the Year ending
Oct. 31 , 1896.
R e c e ip t s .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$43,652
8,893
727
303

00
87
30
17

31,950
6,905
446
2
2,671

00
00
40
30
54

$95,555 33

For real estate loans, .
share loans, .
dues capital (withdrawn),
dues capital (forfeited),
dues capital (retired), .
profits capital
(with­
drawn),
profits capital (forfeited),
profits capital (retired),
temporary expenses,
real estate by foreclosure,
surplus, .
.
.
.
Cash on hand Oct. 31, 1896,

$57,850
14,075
14,360
440
2,534

00
00
00
00
00

1,712
84
663
992
1,954
5
884

39
50
30
14
50
00
50

$95,555 33

252

[Pub. Doc

REPORT OF THE

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$84,300
41,150
8,400
4,200
600

on

Rate.

00
00
00
00
00

L oans

R eal E state.

Rate.

Amount.

6.30 per cent.
6.60
“
6.90
“
7.20
7.50
“

$550 00

on

Sh a r e s .

Rate.

Amount.

7.80 per cent.

$7,970
5,930
1,525
350
1,750

00
00
00
00
00

6.30 per cent.
6.60
«
6.90
7.20
“
7.80
“

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

$116
107
97
88
80
71
63
55
48
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

67
14
89
92
24
82
67
78
14
73
57
63
93
42
11
00

Total
Value.

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

Shares in
Force.

Series.

D a te of
I ss u e .

April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April. 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

224
133
158
148
133
92
149
260
164
73
327
297
435
424
574
407

$26,134
14,249
15,466
13,160
10,671
6,607
9,486
14,502
7,894
2,973
10,977
7,909
8,669
5,690
4,081
407

08
62
62
16
92
44
83
80
96
29
39
11
55
08
14
00

Dues capital, as per general ledger,
$135,237 00
Profits capital, as per
22,931 99
general ledger, .
883 00
Unpaid dues,

170 00
$159,051 99

Total,

$159,051 99

1,140
Number of shares issued during the year,
3,998
Number of shares now in force,
.
.
.
.
1,233
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
.
25
. 589
Number of shares withdrawn during the year,
.
14
Number of shares forfeited during the year,
Number of shares retired during the year,
.
30
Highest premium received during the year,
Lowest premium received during the year,
.
81
Number of members withdrawn during the year, .
Present number of m e m b e r s ,.......................................
. 460
Present number of b o r r o w e r s ,........................................
. 129
. 331
Present number of non-borrowers, .
.
.
.
. 103
Number of loans secured by first mortgage of real estate,
.
95
Number of loans on s h a r e s , .......................................
Largest loan to any one member,
.
.
.
.
Smallest loan to any one member, .
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
Date of examination by commissioner: February 11.


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

$0 15
05

5,000 00
10 00
1,012 14

No. 8.]

253

SAVINGS BANK COMMISSIONERS

W O R C E S T E R C O -O P E R A T IV E B A N K — W O R C E S T E R .
Incorporated Oct. 19, 1877.

Commenced business Oct. 19, 1877.

S teph en C. E a r l e , P r e s id e n t .
T . J. H a st in g s , T r e a su r e r .

T . J. H a s t in g s , S e c r e t a r y .

Names of security committee:
H e n r y B ran n o n ,

M . S. B e a m a n ,

H . H . B ig e l o w .
Regular meetings the third Monday o f each month.
B a l a n c e Sh e e t O c t .

A ssets.

31, 1896.

L ia b il it ie s .

$455,988 11
Loans on real estate,
Loans on shares, .
10,385 00
94 65
Permanent expense account,
492 50
Temporary expense account,
21,540 38
Real estate by foreclosure, .
Unpaid interest,
783 09
Cash in hands o f treasurer, .
1,295 96

$402,882 00
Dues capital,
76,235 57
Profits capital (all series), .
76 49
Fines............................................
Transfer fees,
5 00
3,450 00
Guaranty fund, .
7,778 00
Surplus,
.
.
.
.
102 45
Forfeited share account,
50 18
R e n t , ........................................

$490,579 69

$490,579 69

Detailed Statement of Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 6 .

R e c e ip t s

From dues capital,
' .
interest,
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
expense account,.
rent,
.
.
.
.
real estate, .
profit and loss,
Cash on hand Oct. 31, 1895, .


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

D is b u r s e m e n t s .

$112,929
29,276
1,054
18
84,151
9,235
625
1
85
143
727
3,578
42
4,387

00
95
57
00
89
00
84
28
40
91
50
89
89
75

$85,650 00
For real estate loans, .
share loans, .
6,515 00
42,182 00
dues capital (withdrawn),
78 00
dues capital (forfeited),.
dues capital (retired), .
52,669 00
24,561 00
dues capital (matured),
profits capital (withdrawn),
6,596 67
profits capital (forfeited),
9 52
profits capital (retired),
12,306 06
profits capital (matured),
11,174 81
temporary expenses,
2,090 04
forfeited shares,
85 40
profit and loss,
404 71
interest................................
640 70
Cash on hand Oct. 31, 1896,
1,295 96

$246,258 87

$246,258 87

[Pub. Doc,

REPORT OF THE

254

Total Amount of Loans at Specified Rates of Interest.
Loans

Amount.
$253,315
94,150
18,650
25,773
16,700
16,250
7,250
1,200
1,900
2,100
4,200
350
500
600
2,000
100

on

Rate.

00
00
00
11
00
00
00
00
00
00
00
00
00
00
00
00

n

8
8ft

4

Rate.

Amount.

6 per cent.,
ti
6ft
it
6ft
it
6§
it
6*
H
6ft
it
6*
it
6ft
ti
7
it
7ft
n

L oans

Real E sta te .

$5,000
4,000
1,750
100
100

on

Sh a r e s .

Amount.

00 9 per cent.,
00 9ft
“
00 9ft
«
00 10
“
00 10ft
“

it

it
it

it
it

$5,005
1,260
280
1,025
650
650
175
90
100
490
110
100
150
100
100
100

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

Rate.
6 per cent.
tt
6ft
it
6ft
it
6ft
ti
6ft
it
6ft
6|
6ft
tt
7
it
7ft
it

7ft
7ft
8
8§
9?

it
it

it
it
it

.
.
.
.
.

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

11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

$189
177
166
155
144
134
124
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,


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

41
62
25
21
56
25
27
61
31
33
61
16
96
99
26
75
46
38
51
85
38
10
00

Total
Value.

Oct., 1885,
April, 1886,
Oct., 1886,
April, 1887,
Oct., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,
■

Shares in
Force.

D ate of
I ss u e .

Value per
Share.

Series.

Reconciliation of Share Account with Dues and Profits Capital.

110
109
99
106
107
123
121
133
125
510
279
407
538
492
558
543
475
805
762
1,030
658
826
760

$20,835
19,360
16,458
16,452
15,467
16,512
15,036
15,243
13,163
49,137
24,443
32,218
38,176
30,991
30,835
25,928
19,218
26,870
20,200
20,445
8,804
5,864
760

10
58
75
26
92
75
67
13
75
30
19
12
48
08
08
25
50
90
62
50
04
60
00

Dues capital, as per general ledger,
$402,882 00
Profits capital, as per
general ledger, .
76,235 57
Unpaid dues,
3,686 00

379 00
$482,803 57

Total,

$482,803 57

No. 8.]

SAVINGS BANK COMMISSIONERS.

255

Number of shares issued during the y e a r , ..................................................1,789
Number of shares now in f o r c e , ..................................................................... 9,676
Number of shares now borrowed u p o n , ........................................................... 2,625
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year...................................................1,159
Number of shares forfeited during the y e a r , ......................................................... 2
Number of shares retired during the y e a r , ..................................................... 627
Number of shares retired during the year............................................................... 178
Highest per centum of interest received during the year : 10.
Lowest per centum of interest received during the year : 6.
Number of members withdrawn during the y e a r , ....................................... 174
Present number o f m e m b e r s ,..............................................................................1,087
Present number of b o rro w e rs,................................................................................. 249
Present number of non-borrowers............................................................................ 838
Number of loans secured by first mortgage o f real estate,
.
.
. 245
Number of loans on s h a r e s , .................................................................................... 73
Largest loan to any one m e m b e r , .............................................................................. $5,000 00
Smallest loan to any one m e m b e r , ..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896, .
1,946 13
Date o f examination by commissioner : March 26.


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

\

t

256

REPORT OF THE

[Pub. Doc

W O R K IN G M E N ’ S C O -O P E R A T IV E B A N K — BOSTON.

Incorporated June 9, 1880.

Commenced business June 11,1880.

R obert T r e a t P a in e , P r e s id e n t .
F rank E . B u r ban k , S ecreta ry.
F ran cis B. S ear s , T r e a su r e r .

Names of security committee :
J a s . L . P ope ,
W m . H . T arbox,
Jam es D . M cL e l l a n .

Regular meetings the second Friday of each month.

B alan ce Sh eet O ct.

A ssets.

Loans on real estate,
Loans on shares, .
Profit and loss,
Temporary expense account,
Real estate by foreclosure, .
Unpaid fines, .
.
.
.
Personal accounts,
Mortgage,
.
.
.
.
Cash in hands of secretary, .
Cash in hands of treasurer, .


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

31, 1896.

L ia b il it ie s .

$764,295
21,900
32
546
7,264
45
12,250
1,228
1,249
1,938

00
00
56
06
16
23
47
61
26
82

Dues capital,
$670,899 00
Profits capital (all series), .
125,083 48
Interest,
.
.
.
.
2,573 64
Premiums, .
.
.
.
42 79
Transfer fees,
3 00
Withdrawal profits,
579 45
Guaranty fund, .
4,678 00
Surplus,
.
.
.
.
4,891 83
Forfeited share account,
251 17
Matured shares, .
107 42
Retired shares,
1 00
Cash error..................................
1 00
Security committee,
85 00
Personal accounts,
1,353 53
Trusteed account,
62 77
Insurance....................................
127 59
Taxes............................................
9 50

$810,750 17

$810,750 17

No. 8.]

SAYINGS BANK COMMISSIONERS.

257

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1896.

R

e c e ip t s

D

.

From dues capital,
$212,711 00
47,891 62
interest,
premiums, .
1,267 60
2,248 92
fines, .
.
.
.
12 50
transfer fees,
132,550 00
real estate loans repaid,
22,700 00
share loans repaid,
3,094 33
withdrawal profits.
1 87
forfeiture profits, .
127 08
forfeited shares, .
real estate sold, .
15,847 77
40,860 48
retired shares,
1,243 59
insurance losses, .
27,572 11
matured shares, .
210 50
security committee,
19 82
insurance premium,
.
2,813 67
personal accounts,
8,433
31
mortgages, .
230 49
income real estate,
12 50
profit and loss,
62 77
trusteed account, .
Cash on hand Oct. 31, 1895, .
37,097 47

is b u r s e m e n t s

.

$245,795
For real estate loans, .
21,250
share loans, .
87,866
dues capital (withdrawn),
1,973
dues capital (forfeited),
31,438
dues capital (retired), .
24,414
dues capital (matured),
profits capital
(with12,234
drawn),
289
profits capital (forfeited),
9,019
profits capital (retired),
12,005
profits capital (matured),
3,168
temporary expenses,
50
profit and loss,
114
forfeited shares,
27,464
matured shares,
258
interest................................
7
fines,
.
.
.
.
1,449
surplus, .
.
.
.
40,859
retired shares,
6
insurance premium,
498
taxes, etc., on real estate,
22
cash error,
1,116
insurance losses, .
600
security committee,
withdrawal profits,
10,238
personal accounts,
11,373
mortgages foreclosed, .
8,433
other mortgages, .
1,679
completion of estate,
83
interest on mortgage,
.
no
commissions, .
3,188
Cash on hand Oct. 31, 1896,

00
00
00
00
00
00
10
96
76
30
94
58
24
69
55
24
99
48
30
62
90
00
00
02
50
17
31
90
77

oo
08

$557,009 40

$557,009 40

Total Amount of Loans at Specified Rates of Interest.
L oans

Amount.
$403,300
86,650
89,850
17,500
58,500
7,350
31,550
5,800
3,300
2,500
9,100
12,400
3,800

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

on

Kate.
6.00 per cent.
6.25
“
6.30
“
6.50
“
6.60
6.75
“
6.90
“
7.00
»
7.20
“
7.25
«
7.50
“
7.75
7.80
»


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

L oans

R eal E sta te .

Amount.
$8,100
1,200
8,520
1,200
1,000
2,500
1,400
200
1,750
6,625
200

Rate.

00 8.00 per cent.
<<
00 8.10
(t
00 8.25
U
00 8.40
u
00 8.75
a
00 9.50
«<
00 9.75
«
00 9.90
a
00 10.00
a
00 12.00
a
00 12.50

Amount.
$11,450
4,200
800
1.200
50
450
50
100
2,100
1,200
200
50
50

on

Sh a r k s .

Rate.

00 6.00 per cent.
00 6.25
U
00 6.30
<<
00 6.50
u
00 6 75
((
00 7.00
u
00 7.25
<<
00 7.50
<<
00 8 00
u
00 8.25
a
00 9.25
a
00 10.00
u
00 12.00

258

REPORT OF THE

[Pub. Doc

Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Sept.,
Dec.,
M ar.,
June,
Sept.,
Dec.,
M ar.,
June,
Sept.,
Dec.,
Mar.,
June,
Sept.,
Dec.,
M ar.,
June,
Sept.,

.

1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1892,
1893,
1893,
1893,
1893,
1894,
1894,
1894,
1894,
1895,
1895,
1895,
1895,
1896,
1896,
1896,

.
.
.
.

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

12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42

$190
178
166
155
144
133
123
113
103
94
85
77
68
60
56
52
49
45
41
38
34
31
27
24
20
17
14
11
8
5
2

Dues paid in advance, .
Total,

47
31
54
19
21
60
37
45
88
66
71
09
76
70
78
91
10
37
70
10
56
07
64
26
93
65
42
24
11
03
00

Total
Value.

o f

s s u e

Shares i n
Force.

a t e

I

Value per
Share.

D

Series.

Reconciliation of Share Account with Dues and Profits Capital.

134
163
96
106
173
241
405
340
417
387
543
623
712
629
393
572
742
466
305
417
745
903
607
803
1,061
808
1,080
1,018
1,160
1,027
1,104

$25,522
29,064
15,987
16,450
24,948
32,197
49,964
38,573
43,317
36,633
46,540
48,027
48,957
38,180
22,314
30,264
36,432
21,142
12,718
15,887
25,747
28,056
16,777
19,480
22,206
14,261
15,573
11,442
9,407
5,165
2,208

98
53
84
14
33
60
85
00
96
42
53
07
12
30
54
52
20
42
50
70
20
21
48
78
73
20
60
32
60
81
00

Dues capital, as per general ledger,
$670,899 00
Profits capital, as per
general ledger, .
125,083 48
Unpaid dues,
9,119 00

1,649 00
$805,101 48

Total,

$805,101 48

Number of shares issued during the y e a r , ........................................5,291
Number of shares now in f o r c e , ........................................................... 18,180
Number of shares now borrowed u p o n , ........................................................... 4,688
Largest number o f shares held by any one member........................................ 25
Number of shares withdrawn during the year,
.
.
.
.
3,603
Number of shares forfeited during the y e a r , ................................................. 192
Number of shares retired during the y e a r , ................................................. 350
Number of shares matured during the year....................................................... 181
Highest per centum of interest received during the year: 12J.
Lowest per centum of interest received during the year, 6.
Number of members withdrawn during the y e a r , ........................................378
Present number of m e m b e r s ,............................................................................... 2,030
Present number of b o r r o w e r s ,.................................................................................. 435
Present number of n o n -b o r r o w e r s,..................................................................... 1,595
Number of loans secured by first mortgage of real estate,
.
.
. 422
Number of loans on s h a r e s , ...............................................................................98
Largest loan to any one m e m b e r , ...............................................................................$5,000 00
Smallest loan to any one member,
...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1896,
.
3,168 94
Date of examination by commissioner : March 3.


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

No. 8.]

259

SAYINGS BANK COMMISSIONERS.

CONSOLIDATED BALANCE SHEET,
October

A

s s e t s

Loans on real estate,

31, 1896.

L

.

$20,777,352 66

.

989,834 44

Loans on shares, .
Permanent expense account,

12,701 14

Temporary expense account,

12,563 97

ia b il it ie s

.

$19,053,082 32

Dues captial,
Profits c a p i t a l
series),

(all
3,360,263 42
141,602 26

Interest,
Premiums,
Real estate by foreclosure, .

7,321 45

.

282,609 61
Fines,

.

.

.

4,832 08

.

29,494 00

Unpaid dues,

68 50

Transfer fees,
Unpaid interest,

.

104,561 37

Unpaid premiums,

5,753 41

Withdrawal profits,

7,637 90
78 37

Forfeiture profits,
9,458 63

Unpaid fines,

■

Surplus,
Notes and bonds of cities
and towns,

157,884 28

Mortgages...................................

25,827 78

Sundry assets,
Cash,

.

.

.
.

. . .
.

.

14,139 98
484,511 04

Guaranty fund,

.

Forfeited share account,

126,215 98
12,833 19

Advance payments,

5,956 65

Matured share account,

8,573 16

Retired share account,

2,130 85

Due on mortgage loans,

10,250 00

Sundry liabilities,
$22,906,692 31

161,739 80

4,106 38
$22,906,692 31

Number o f shares issued during the y e a r , .....................
132,464
Number of shares now in f o r c e , ........................................
493,345
Number o f shares now borrowed u p o n , .....................
136,756
.
.
.
.
83,481
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
.
.
.
.
1,788
Number of shares retired during the y e a r , ............................. 13,870
Number of shares matured during the year,
.
.
.
.
1,908
Number of members withdrawn during the year,
.
.
.
10,892
Present number of m e m b e r s , ................................................................... 63,105
Present number of borrowers,
.
.
.
.
.
.
.
16,971
Present number of n o n - b o r r o w e r s ,......................................................... 46,134
Number of loans secured by first mortgage of real estate, .
.
14,968
Number of loans on shares, .
.
..................................................4,859
Expenses for the year ending Oct. 31, 1 8 9 6 ,........................................................... $109,646 53
Amount of profits credited to shares during the y e a r ,........................................ 1,228,780 51


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

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

STATEMENTS

Collateral Loan

and

Mortgage Loan

AN D

Investment Companies.


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

REPORT OF THE

262

[Pub. Doc

C O LL A T E R A L L O A N C O M P A N Y — BOSTON.

Incorporated April 5,1859.
F r a n c is D . C o b b , P r e s i d e n t .

L u t h e r S. M o o r e , C a s h ie r .

Directors :
F r a n c is D . C o b b ,
L aw rence T ucker,
J ohn P . L y m a n ,
J o h n 0 . S h a w , Jr.,
L u t h e r S. M o o r e .
S. S t il l m a n B l a n c h a r d , D ir e c t o r f o r S ta te .
R o b e r t F . C l a r k , D i r e c t o r f o r th e C i t y o f B o s to n .

B alance

A

s s e t s

Sh eet Oct.

.

Loans outstanding,
Cash on hand,
Expense,
General interest, .
State tax,
.
.
.
.
R e n t , .......................................
City of Boston, M ass., bonds,
State of Massachusetts bonds,
Boston & Maine R .R . bonds,
Branch office,*

31, 1896.

L

$320,598
5,515
12,481
2,044
2,718
5,893
11,000
5.000
4.000
20,555

72
94
93
27
00
60
00
00
00
69

ia b il it ie s

Capital stock,
Reserve fund,
Notes payable,
Auction reserve, .
Interest,
.
.
Profit and loss,
Insurance fund, .

.

.

$196,900
85.000
35.000
1,331
39,779
1,796
30.000

.

$389,808 15

$389,808 15

Date of examination : November 12.
*

Assets of Branch Office : —
L o a n s , ......................................................................................... $17,296
C a s h , ................................................/ .
.
.
.
323
F i x t u r e s , ............................................................................
676
Expenses p a i d , ..................................................................
2,558


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

00
00
00
95
86
34
00

6Cf
97
13
99

$20,555 69

No. 8.]

SAYINGS BANK COMMISSIONERS

263

W O R K IN G M E N ’S LO A N ASSO C IA T IO N — BOSTON. '

Incorporated 1888.
R o b e r t T r e a t P a i n e , P r e s id e n t .

F r a n c is B . S e a r s , V ic e -P r e s i d e n t .

R

A r th u r L y m a n , C lerk .

obert

T r e a t P a i n e , 2d, T r e a s u r e r .

Directors :
J o sep h L e e ,
A rthur Ly m a n ,
J o h n F . M oor s ,
C h a s . C. J a c k so n ,
Ch a s . L . Y oung,
R o ber t T r e a t P a in e .

E d m u n d B il l i n g s ,
H erbert Lym an,
H e n r y B . Ca b o t ,
¥ m . E n d ic o t t , 3d,
Ch a s . W . H u b b a r d ,
A r t h u r S. J o h n so n ,

R obert
R obert
F r a n c is
Sa m u e l

T r e a t P a i n e , Jr.,
T r e a t P a i n e , 2d,
B . Se a rs,
Ca r r .

B a l a n c e S h e e t O c t . 31, 1896.

A

s s e t s

Loans, .
Cash on hand,
Expenses,
Interest, .

L

.

$140,331
2,086
793
9

35
25
44
25

$143,220 29

Date of examination: November 1.


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

ia b il it ie s

.

Capital stock,
Notes payable,
Profit and loss, .
Unclaimed balance,
State tax,
.
.
.
.
Interest........................................
Undivided profits,
Risk fund, .
.
.
.
Bad debt fund,
Guaranty fund, .

$91,900
35,000
311
423
624
1,455
4,122
1,139
1,360
6,883

00
00
48
55
46
51
92
28
00
09

$143,220 29

[Pub. Doc

REPORT OF THE

264

N A T IO N A L M O R TG A G E A N D D E B E N T U R E C O M PA N Y —
BOSTON.
W . X . F uller,

C h arles A . R ogers ,

P r e s id e n t.

T rea su rer.

B a l a n c e Sh e e t O c t . 31, 1896.

A

s s e t s

L

.

Loans secured by first liens on
real estate,
.
.
.
.
Securities pledged for debenture
b o n d s , .......................................
Matured interest due on same, .
Commission notes secured by
second liens on real estate, .
Sixty shares capital stock of
National Mortgage and Debenture Company taken in
settlement of claim,
Real estate acquired by forec lo s u r e ,.......................................
Other real estate,
Furniture, fixtures and supp l i e s , .......................................
Current expenses,
Past due interest remitted for
but not paid to us, .
Bills receivabl e, .
.
.
.
Cash on hand and in banks,
Due from sundry persons,
Profit and loss account, .

$49,784 44
559,329 40
21,243 39
34,723 62

1,500 00

ia b il it ie s

.

$258,900 00
Capital stock paid in,
3,300 00
Guaranty fund,
356 80
Suspense account, .
Debenture
bonds,
out488,988 00
standing,
Coupons on same not pre416 85
sented...................................
Certificates of deposit bearing interest (money bor500 00
rowed), .
.
.
.
65,525 50
Bills payable, .
3,796 49
Due sundry persons,

65,919 24
1,609 32
3,883 49
4,107 23
28,011
554
172
501
50,443

50
31
62
79
29

$821,783 64

$821,783 64

Date of examination: December 14.
How much of its capital stock is owned by officers of the company ? $12,500.
How much, if any, of the capital stock owned by its officers is pledged to the company
as collateral ? None.
State the section o f country in which loans are made, giving principal counties:
C olorado , — Arapahoe, Boulder, Carbon, Delta, Garfield, Grand, Grover, La Plata,
Laramie, Morgan, Rio Blanco, W eld, Y u m a ; D akota — Beadle, Brookings, Brown,
Clark, Codington, Davison, Edmunds, Hamblin, Lake, Lincoln, Marshall, McPherson,
Spink; K ansas — Allen, Anderson, Barton, Bourbon, Butler, Chautauqua, Cherokee,
Clark, Clay, Coffee, Cowley, Crawford, Dickinson, Douglas, Edwards, E lk , E lls­
worth, Ellis, Ford, Garfield, Graham, Gray, Harvey, Harper, Hodgeman, Jackson,
Jefferson, Kingman, Kiowa, Lincoln, Lyon, Marion, Meade, Mitchell, Morris, Neosha,
Osborne, Ottawa, Pawnee, Pottawatomie, Pratt, Reno, Rice, Rooks, Rush, Russell,
Saline, Shawnee, Stafford, W ilson, W oodson; F l o r id a , — Putnam; M assachu ­
setts , — M iddlesex; M ic h ig a n , — Delta, Mackinaw, Schoolcraft; M innesota , —
Murray, Pipestone; M issouri , — H o lt; N e b r a s k a , — Butler, Dodge, Hayes, H o lt;

W yo m ing , — Laramie.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

265

Total amount o f loans to date, approximating,
.
.
.
.
. $3,500,000 00
Number and amount of loans extended the past two years: Cannot
answer.
Total amount of loans unpaid and f Guaranteed,
ou tstan din g,....................................... ( Unguaranteed, .
Total amount in process o f foreclosure: Cannot answer.
Total amount o f debentures c e r t if i e d ,.................................................
Less amount on hand and with agents,.................................................
Total liability for debenture b o n d s , .................................................


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

None.
Cannot answer.
.

$501,988 00
13,000 00

.

488,988 00

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

APPENDIX.


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

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

STATUTES
O F TH E

Com m om m lth of jptassitchusoits
R E L A T IN G TO

CO O PER A TIV E


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

BANKS.

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

STATUTES
R E L A T IN G TO

Co-operative Banks.
O R G A N IZ A T IO N .

(P. S., Chapter 117, Sections 1, 2, 3, 4.)
[A s amended by Acts of 1890, Chapter 243, and Acts of 1883, Chapter 98.]

S ection 1. Twenty-five or more persons who associ­
ate themselves together by an agreement in writing with
the intention o f forming a corporation for the purpose of
accumulating the savings o f its members paid into such
corporation in fixed periodical instalments and lending to
its members the funds so accumulated shall, by and with
the consent of the board o f commissioners o f savings
banks, become a corporation upon complying wfith the
provisions o f the three following sections.
Sect. 2. The agreement shall set forth the fact that
the subscribers thereto associated themselves with the
intention o f forming a corporation; the name by which
the corporation shall be known ; the purpose for which it
is formed; the town or city, which shall be within this
Commonwealth, in which it is located; and the limit of
capital to be accumulated.
Sect. 3. The name shall be one not previously in use
by any existing corporation established under the laws of
this Commonwealth, and shall be changed only by act of
the General Court. The words “ co-operative bank”
shall form a part o f the name.
S ect. 4. The provisions of sections eighteen, twenty,
and twenty-one o f chapter one hundred and six shall


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

Corporations
for accumula­
tion of savings
of members and
lending fuuds
to members.

Agreement,
what to set
forth.

Name.

Corporation,
how organized.

APPEN D IX.

VI

apply to such corporations, except that, in the certificate
signed by the secretary of the Commonwealth, the limit
o f capital to be accumulated, as fixed in the agreement
o f association, shall be inserted, instead of the amount of
the capital, that the certificate required by said section
twenty-one to be filed and recorded may be signed and
sworn to by the presiding and financial officers, and a
majority at least o f the officers possessing the powers
o f directors by whatever name they may be called, and
that the fees to be paid for filing and recording the cer­
tificates required by said section twenty-one, including
the issuing of the certificate o f organization, shall be five
dollars.
CAPITAL.
(P. S., Chapter 117, Section 5.)
Limit of capital.

Plans of issuing
stock, etc.

S ect. 5. The capital to be accumulated shall not ex­
ceed one million dollars, and shall be divided into shares
of the ultimate value o f two hundred dollars each. The
shares may be issued in quarterly, half-yearly, or yearly
series, in such amounts and at such times as the members
may determine. No person shall hold more than twentyfive shares in the capital o f any one such corporation.
No shares o f a prior series shall be issued after the issue
of a new series.
(Acts of 1887, Chapter 216, Section 1.)

Limitation of
capital.

The limitation of capital to be accumulated in any co­
operative bank now organized or hereafter formed under
the provisions of chapter one hundred and seventeen of
the Public Statutes shall be held to apply to capital
actually paid in, and no such bank shall be restrained
from issuing shares so long as the capital actually paid in
on shares is not in excess o f one million dollars.
OFFICERS.
(P. S., Chapter 117, Section 6.)

B y -la w s.
Officers to hold
office until suc­
cessors are
elected.

S ect. 6. The number, title, duties and compensation
of the officers o f the corporation, their terms of office, the


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

APPEN DIX.

v ii

time of their election, as well as the qualifications of elec­
tors, and time of each periodical meeting of the officers and
members, shall be determined by the by-laws; but no
member shall be entitled to more than one vote at any
election. All officers shall continue in office until their
successors are duly elected, and no corporation shall ex­
pire from neglect on its part to elect officers at the time
prescribed by the by-laws.
(Acts of 1885, Chapter 121, Section 1.)

In any co-operative bank now or hereafter formed under
the provisions of chapter one hundred and seventeen of ^ga®^er.and
the Public Statutes, the offices of secretary and treasurer
may be held by one and the same person.
MEETINGS.
(P. S., Chapter 117, Section 7.)

S ect. 7.

The officers shall hold stated monthly meetings. A t or before each of these meetings every mem­
ber shall pay to the corporation, as a contribution to its
capital, one dollar as dues upon each share held by him
until the share reaches the ultimate value o f two hundred
dollars, or is withdrawn, cancelled, or forfeited. Pay­
ment of dues on each series shall commence from its issue.
WITHDRAWALS.
(Acts of 1887, Chapter 216, Sections 2, 3.)

member may withdraw his unpledged withdrawal of
shares at any time by giving thirty days’ notice of his
intention so to do, written in a book held and provided
by the corporation for that purpose. Upon such with­
drawal the shareholder’s account shall be settled as fol­
lows : — From the amount then standing to the credit
of the shares to be withdrawn there shall be deducted all
fines, a proportionate part of any unadjusted loss, to­
gether with such proportion of the profits previously
credited to the shares as the by-laws may provide, and
such shareholders shall be paid the balance: jprovided,
Sect. 2.

A


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

APPEN D IX.

V ili

Directors may
retire unpledged
shares.

that at no time shall more than one-half of the funds in
the treasury be applicable to the demands of withdraw­
ing members without the consent of the directors.
The directors may, at their discretion, under rules made
by them, retire the unpledged shares of any series at
any time after four years from the date of their issue,
by enforcing the withdrawal of the same; but when­
ever there shall remain in any series, at the expiration
o f five years after the date of its issue, an excess above
one hundred unpledged shares, then it shall be the duty
of the directors to retire annually twenty-five per centum
o f such excess existing at said expiration of five years
after the date of its issue, so that not more than one hun­
dred unpledged shares shall remain in such series at the
expiration of nine years from the date of its issue, and
thereafter the directors may in their discretion retire such
other unpledged shares as they consider the best interests
o f the bank to require : provided, that whenever under the
provisions of this section the withdrawal of shares is to be
enforced the shares to be retired shall be determined by
lot, and the holders thereof shall be paid the full value of
their shares, less all fines and a proportionate part of any
unadjusted loss; provided also, that shares pledged for
share loans shall be treated as unpledged shares.
SH A R E S IN N A M E

Shares issued in
the name of a
minor.

Shares held in
trust.

OF M IN O R S.

3. Shares may be issued in the name o f a
minor, and if so issued may, at the discretion o f the
directors, be withdrawn, in manner as provided in section
two o f this act [chap. 216, Acts of 1887], by such minor,
the parent or guardian of such minor, and in either case
payments made on such withdrawals o f shares shall be
valid. When a share or shares are held by any one in
trust for another, the name and residence of the person
for whom such share or shares are held shall be disclosed;
and the account shall be kept in the name o f such holder
as trustee for such person ; and, if no other notice of the
existence and terms of such trust has been given in writSect.


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

APPEN DIX.

ix

mg to the corporation, in the event o f the death of the
trustee, such shares may be withdrawn by the person for
whom such deposit was made or by his legal representa­
tives.
M A T U R IT Y

OF

SH AR E S.

(P. S-, Chapter 117, Section 9.)
[A s amended by Acts of 1887, Chapter 216, Section 5, and Acts of 1882, Chapter 251.]

Sec t. 9.
When each unpledged share o f a given series
reaches the value of two hundred dollars, all payments of
dues thereon shall cease, and the holder thereof shall be
paid out of the funds o f the corporation two hundred dol­
lars thereof, with interest at the rate of six per cent, a
year from the time of such maturity to the time of pay­
ment : provided, that at no time shall more than one-half
of the funds in the treasury be applicable to the payment
of such matured shares without the consent o f the direct­
ors ; provided further, that when any series of shares,
either pledged or unpledged, reaches maturity between
the dates of adjustment of profits, or whenever shares are
retired between such dates, the holders of such shares
shall in addition to the value thereof, be entitled to inter­
est at the rate o f six per cent, per annum for all full
months from the date of the preceding adjustment, and
that before paying matured shares all arrears and fines
shall be deducted.
HOW

M ONEYS M AY

BE

Shares, when
matured.

L E N T OR IN V E S T E D .

(P. S., Chapter 117, Section 10.)
[A s amended by Acts of 1890, Chapter 78, and Acts of 1896, Chapter 277.]

S e c t . 10.
The moneys accumulated, after due allow­
ance for all necessary expenses and the cancellation of
shares, shall at each stated monthly meeting be offered
to the members according to the premiums bid by them
for priority o f right to a loan. Each member whose bid
is accepted shall be entitled upon giving proper security
to receive a loan of two hundred dollars for each un­
pledged share held by him, or such fractional part o f two
hundred dollars as the by-laws may allow. I f any money


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

Moneys to be
lent by monthly
sales; how
invested, if
unsold.

APPEN D IX.

X

so offered for sale remains unsold the directors may in­
vest the same in any of the securities named in the second
clause o f section twenty-one of chapter three hundred and
seventeen o f the acts o f the year eighteen hundred and
ninety-four, or may loan the same upon first mortgages
o f real estate situated in this Commonwealth, upon the
conditions imposed upon co-operative banks, or may loan
the same upon the shares of the bank in sums not exceed­
ing their value at the adjustment next preceding the time
o f the loan, provided that the loans in either case shall be
at the highest rate at the next preceding monthly sale of
moneys, and further provided that in either case a note
shall be given as required by section thirteen o f chapter
one hundred and seventeen o f the Public Statutes.
P R EM IU M S

ON L O A N S .

(P. S., Chapter 117, Section 11.)
Premiums.

S e c t . 11.
Premiums for loans shall consist of a per­
centage charged on the amount lent in addition to interest,
and shall be deemed to be a consideration paid by the
borrower for the present use and possession of the future
or ultimate value of his shares, and shall, together with
interest and fines, be received by the corporation as a
profit on the capital invested in the loan, and shall be
distributed to the various shares and series of said capital
as hereinafter provided.

IN T E R E S T

ON L O A N S .

(P. S., Chapter 117, Section 12.)
Interest-

S e c t . 12.
A borrowing member, for each share bor­
rowed upon, shall, in addition to his dues and monthly
premium, pay monthly interest on his loan at the rate o f
six per cent, per annum until his shares reach the ultimate
value o f two hundred dollars each, or the loan has been
repaid; and when said ultimate value is reached, said
shares and loan shall be declared cancelled and satisfied,
and the balance, if any, due upon the shares shall be paid
to the member.


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

APPEN DIX.

Xi

(Acts of 1882, Chapter 251, Section 2.)

Any corporation organized under said chapter one hun­
dred and seventeen may provide in its by-laws that the
bid for loans at its stated monthly meeting shall, instead
o f a premium, be a rate o f annual interest upon the sum
desired, payable in monthly instalments. Such bids shall
include the whole interest to be paid, and may be at any
rate not less than five per centum per annum.

Bids for loans
may be at a rate
of interest in­
stead of
premium.

LOANS.

(P. S., Chapter 117, Section 13.)
[A s amended by Acta of 1894, Chapter 342.]

13. For every loan made a note shall be given,
accompanied by a transfer and pledge of the shares o f the
borrower, and secured by a mortgage of real estate sit­
uated in this Commonwealth, unencumbered by any mort­
gage or lien other than such as may be held by the bank
making the loan. The shares so pledged shall be held by
the corporation as collateral security for the performance
o f the conditions o f said note and mortgage. Said note
and mortgage shall recite the number o f shares pledged
and the amount o f money advanced thereon, and shall be
conditioned for the payment at the stated meetings o f the
corporation o f the monthly dues on said shares, and the
interest and premium upon the loan, together with all fines
on payments in arrears, until said shares reach the ulti­
mate value of two hundred dollars each, or said loan is
otherwise cancelled and discharged : provided, that the
shares without other security may in the discretion o f the
directors be pledged as security for loans, to an amount
not exceeding their value as adjusted at the last adjust­
ment and valuation o f shares before the time o f the loan.
If the borrower neglects to oiler security satisfactory to
the directors within the time prescribed by the by-laws,
his right to the loan shall be forfeited, and he shall be
charged with one month’s interest and one month’s pre­
mium at the rate bid by him, together with all expenses,
Sect.


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

Security.

Neglect to offer
satisfactory
security to for­
feit right to
loan, etc.

APPEN D IX.

XII

if any, incurred ; and tire money appropriated for such loan
may be re-loaned at the next or any subsequent meeting.
PAYM ENT OF

LOANS.

(P. S., Chapter 117, Section 14.)
Payment.

S e c t . 14.
A borrower may repay a loan at any time,
upon application to the corporation, whereupon, on set­
tlement o f his account, he shall be charged with the full
amount o f the original loan, together with all monthly
instalments of interest, premium, and fines in arrears, and
shall be given credit for the withdrawing value o f his
shares pledged and transferred as security ; and the bal­
ance shall be received by the corporation in full satis­
faction and discharge o f said loan : provided, that all
settlements made at periods intervening between stated
meetings o f the directors shall be made as o f the date of
the stated meetings next succeeding such settlement ; and
provided, that a borrower desiring to retain his shares and
membership may at his option repay his loan without
claiming credit for said shares, whereupon said shares
shall be re-transferred to him, and shall be free from any
claim by reason o f said cancelled loan.

(Acts of 1887, Chapter 216, Section 4.)

Partial payment
estate.

Partial payment of loans on real estate made by any
co-operative bank may be received in sums o f fifty dollars
or any multiple thereof ; and for each two hundred dollars
so repaid one share o f stock shall be released from pledge.
(Acts of 1894, Chapter 342, Section 2.)

Purchase of
money a t lower
rates; not to
affect existing
mortgage
contracts.

When a member o f a co-operative bank purchases
money at a lower rate than that paid by him on an exist­
ing loan, secured by a mortgage, for the purpose by him
declared o f reducing the premium or rate o f interest upon
said loan, no new mortgage shall be required, but an
agreement in writing for the reduction of said premium or
rate o f interest, signed by said borrowing member and the
secretary o f the bank, with the written approval of the


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

APPEN DIX.
president, shall be valid, and shall in no respect impair or
affect the existing mortgage contract; and thereafter said
borrowing member shall make the monthly payments on
said loan in accordance with the terms o f said agreement,
and the sum of money previously so purchased by him
may be resold by the bank at the same meeting. The
borrower shall be required to give notice to the secretary
before the sale, if he intends to re-buy his money.
Nothing in this section shall be construed to exempt the
re-borrower from paying the interest and premium for the
current month on the loan made by him for the s u b s t i ­
tution o f which the new loan is made.
F IN E S , F O R F E IT U R E

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

(P. S., Chapter 117, Sections 15, 16.)
[A s amended by Acts of 1882, Chapter 251, Acts of 1885, Chapter 121, Section 4, and
Acts of 1896, Chapter 285.]

15. Members who make default in the payment
t i t
•
i
^
o f their monthly dues, interest and premiums, shall be
charged a fine not exceeding two per cent, a month on
each dollar in arrears. No fines shall be charged after the
expiration o f six months from the first lapse in any such
payment, nor upon a fine in arrears. The shares of a
member who continues in arrears more than six months
shall, at the option o f the directors, if the member fails
to pay the arrears within thirty days after notice, be de­
clared forfeited, and the withdrawing value o f the shares
at the time o f forfeiture shall be ascertained, and, after
deducting all fines and other legal charges, the balance
remaining shall be transferred to an account to be desig­
nated the “ Forfeited Share Account,” to the credit
of the defaulting member. Said member, if not a bor­
rower, shall be entitled, upon thirty days’ notice, to re­
ceive the balance so transferred without interest from
the time of the transfer, in the order of his turn, out of
the funds appropriated to the payment o f withdrawals.
All shares so forfeited or transferred shall cease to partici­
pate in any profits of the corporation accruing after the
Sect.
.


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

Pines, forfeiture

s^ares>

APPEN DIX.

X1Y

Recovery of
loan.

last adjustment and valuation o f shares before said
forfeiture.
S e c t . 16.
If a borrowing member is in arrears for
dues, interest, premium or fines for more than six months,
the directors may, at their discretion, declare the shares
forfeited, after one month’s notice, if the arrears continue
unpaid. The account o f such borrowing member shall
then be debited with the arrears o f interest, premium
and fines to date o f forfeiture, and the shares shall be
credited upon the loan at their withdrawing value. The
balance o f the account may, and after six months shall, be
enforced against the security, and be recovered as secured
debts are recovered at law.
(Acts of 1895, Chapter 172, Section 1.)

Flees.

No member of a co-operative bank whose shares are
withdrawn, forfeited or retired, shall be charged with fines
upon such shares in excess o f the profits distributed thereto,
and if no profits shall have been distributed to such shares
no fines shall be charged thereon. Nothing herein con­
tained shall prevent a borrowing member being charged
with fines according to existing statutes upon interest and
premiums in arrears.
BOOKS A N D

A C C O U N T S.

(P. S., Chapter 117, Section 17.)
Boobs of ac­
count. Duties
of treasurer,
etc.

17. The general accounts o f every such corpo­
ration shall be kept by double entry. All moneys re­
ceived by the corporation from each member shall be
receipted for by persons designated by the directors, in a
pass-book provided by the corporation for the use of, and
to be held by, the member ; and said pass-book shall be
plainly marked with the name and residence o f the holder
thereof, the number o f shares held by him, and the num­
ber or designation o f the series or issue to which said
shares respectively belong, and the date o f the issue of
such series. All moneys so received shall be originally
entered by the proper officer in a book to be called the
Sect.


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

APPEN DIX.

xv

“ cash-book,” to be provided by the corporation for the
purpose, and the entries therein shall be so made as to
show the name o f the payer, the number o f shares, the
number or designation o f the series or issues o f the
particular share or shares so entered, together with
the amount o f dues, interest, premiums and fines paid
thereon, as the case may be. Each payment shall be
classified and entered into a column devoted to its kind.
Said cash-book shall be closed after the termination o f
each stated meeting, and shall be an exhibit o f the re­
ceipts o f all moneys paid at said meeting. All payments
made by the corporation for any purpose whatsoever shall
be by order, check or draft upon the treasurer, signed by
the president and secretary, and endorsed by the persons
in whose favor the same are drawn. The name o f the
payee, the amount paid, and the purpose, object or thing
for which the payment is made, together with its date,
shall be entered on the margin o f said order, check or
draft. The treasurer shall dispose o f and secure the safe
keeping o f all moneys, securities, and property o f the
corporation, in the manner designated by the by-laws,
and the treasurer and secretary shall give such security
for the faithful performance of their respective duties as
the by-laws may direct.
P E O F IT S

AND

LOSSES.

(P. S., Chapter 117, Section 18.)

The Aprofits and losses may
be distributed profits
Distribution of
v
and
annually, semi-annually or quarterly to the shares then losses,
existing, but shall be distributed at least once in each
year, and whenever a new series o f shares is to be issued.
Profits and losses shall be distributed to the various shares
existing at the times o f such distribution, in proportion
to their value at that time, and shall be computed upon
the basis o f a single share fully paid to the date of distri­
bution. Losses shall be apportioned immediately after
their occurrence.
S e c t . 18.


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

APPEN DIX.

XVI

GUARANTY FU N D .

(Acts of 1885, Chapter 121, Section 2.)
Guaranty fund
to be reserved
from profits.

At eacli periodical distribution of profits the directors
shall reserve as a guaranty fund a sum not less than one
nor more than five per cent, o f the net profits accruing
since the next preceding adjustment, until such fund
amounts to five per cent, o f the dues capital, which fund
shall thereafter be maintained and held; and said fund
shall be at all times available to meet losses in the business
o f the corporation from depreciation of its securities or
otherwise.
REAL

ESTATE: HOW

A C Q U IR E D .

(P. S., Chapter 117, Section 19.)
Corporation
may buy and
sell real estate.

Sect. 19.
Any such corporation may purchase at any
sale, public or private, any real estate upon which it may
have a mortgage, judgment, lien or other incumbrance, or
in which it may have an interest; and may sell, convey,
lease or mortgage, at pleasure, the real estate so purchased
to any person or persons whatsoever. All real estate so
acquired shall be sold within five years from the acquisi­
tion o f the title thereto.

S U P E R V IS IO N .

(P. S., Chapter 117, Section 20.)
Powers of sav­
ings bank
commissioners.

S e c t . 20.
The commissioners of savings banks shall
perform, in reference to every such corporation, the same
duties, and shall have the same powers, as are required of
or given to them in reference to savings banks, and shall
annually make report to the general court of such facts
and statements respecting such associations, and in such
forms as they deem that the public interest requires.
Every officer of such corporation shall answer truly all
inquiries made, and shall make all returns required by the
commissioners.


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

APPEN DIX.

X Y ii

A N N U A L RETU RNS.

(Acts of 1889, Chapter 159, Section 2.)
[A s amended by Acts of 1895, Chapter 171.]

Every co-operative bank shall annually within thirty
days after the last business day o f October make a return
to the commissioners of savings banks in such form as
may be prescribed by them, showing accurately the condi­
tion thereof at close o f business on said day, which return
shall be signed and sworn to by the secretary and treas­
urer o f such corporation. The president and five or more
o f the directors shall certify and make oath that the report
is correct according to their best knowledge and belief.
Such returns shall include all sums received and all sums
disbursed up to the close of business on said day, except
that sums received for dues, interest, premiums and fines
on account o f the next monthly meeting may be omitted.
When a report is defective or appears to be erroneous,
the board shall notify the bank to amend the same within
fifteen days.
Every co-operative bank neglecting to
make the return required by this act on or before the
time named therein, or to amend such report within fif­
teen days, when notified by the board so to do, shall for­
feit five dollars for each day’s neglect.

[ C h a p . 361, A
An

A

ct

r e l a t iv e

EM PLOYEES
S A V IN G S ,

OF

AND

to

th e

SA V IN G S

cts

op

bonds

BANKS

C O -O P E R A T IV E

1896.]

of

AND

treasurers

and

IN S T IT U T IO N S

FOR

BANKS.

S e c t i o n 1.
Whenever, under the provisions o f section
fourteen o f chapter three hundred and seventeen o f the
acts o f the year eighteen hundred and ninety-four, it
becomes necessary for the treasurer or other officer or
employee o f a savings bank or institution for savings to
give bond for the faithful discharge o f his duties, he may
give a bond in which any company organized under the


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

Annual returns.
Penalty.

xviii

APPENDIX.
laws o f this state, or chartered by any other state or
government to transact fidelity insurance or corporate
suretyship, and authorized to do business in this Cornwealth, may be surety, or may be jointly and severally
bound with such treasurer or other officer or employee.
Such bond shall be to the satisfaction o f the trustees and
in a form to be approved by the commissioners o f savings
banks, and an attested copy thereof, with a certificate of
the custodian that the original is in his possession, shall
be filed with the commissioners o f savings banks.
Sect. 2.
The provisions o f section one shall also
apply to bonds of secretaries and treasurers o f co-opera­
tive banks, given under the provisions o f section seven­
teen o f chapter one hundred and seventeen o f the Public
Statutes.


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

STATUTES
OF TH E

Commoniomltlj of llfassacjjrcsetts
R E L A T IN G TO

F O R E IG N

C O R P O R A T IO N S

(Commonly known as Building and Loan Associations)

T r a n s a c t in g


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

B u s in e s s

in

M assach usetts

O F C o -O P E R A T I Y E

BANKS.

in

the

m anner

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

[ C h a p . 310, A
A n A ct

in

r e l a t io n

to

the

cts

op

1890.]

b u s in e s s

of

co - o p e r a t iv e

BA N K IN G .

Be it enacted, etc., as follows:

Except as is hereinafter provided, no per- co^peraare
son, association or corporation shall carry on the business incorporated,
o f accumulating the savings o f its members and loaning
to them such accumulations in the manner o f a co-operative
bank within this Commonwealth, unless incorporated
under the laws thereof for such purpose.
S e c t . 2.
The board o f commissioners o f savings Foreign cor.
„°
porations to
banks may authorize any such association or corporation make^a deposit
duly established under the laws o f another state to carry treasurer of the
on such business in the Commonwealth, but said associa­
tion or corporation shall not transact such business in this
Commonwealth unless it shall first deposit with the treas­
urer o f the Commonwealth the sum of twenty-five thousand
dollars and thereafter a sum equal to fifteen per cent, of
the deposits made in such association or corporation by
citizens of the Commonwealth, the amount o f percentage of
deposits so required to be determined from time to time by Thmjeciion
said board of commissioners o f savings banks; or in lieu of^962.86’(aet s
thereof the whole or any part of said sum may consist of p>xxlli-)
any o f the securities named in the first, second and third
clauses of section twenty of chapter one hundred and six­
teen of the Public Statutes* and acts amendatory thereof, at
their par value, and the said deposit shall be held in trust
by said treasurer for the protection and indemnity of the
residents of the Commonwealth with whom such associa­
tions or corporations respectively have done or may trans­
act business. Said moneys or property shall be paid out njsposuion °f
or disposed of only on the order of some court o f competent posited.
S e c t io n

1.

* Repealed, and superseded by first, second and third clauses of section 21, chapter
317, Acts of 1894.


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

xxii

Examinations
by commissioners.

Authority to do
business may be
revoked.

To conform
with require­
ments within
sixty days.

Penalties.

APPEN D IX.
jurisdiction made on due notice to the attorney-general of
the Commonwealth, and upon such notice to the creditors
and shareholders o f such association or corporation as the
court shall prescribe. For the purpose of ascertaining the
business and financial condition o f any such association or
corporation doing or desiring to do such business, said
board may make examinations o f such associations or
corporations at such times and at such places as said board
may desire, the expense o f such examinations being paid
by the association or corporation examined, and may also
require returns to be made to them in such form and at
such times as they may elect. Whenever, upon examina­
tion or otherwise, it is the opinion o f said board that any
such association or corporation is transacting business in
such manner as to be hazardous to the public, or its con­
dition is such as to render further proceedings by it haz­
ardous to the public, said board shall revoke or suspend
the authority given to said association or corporation, but
this section shall not prevent such a bank or institution,
incorporated under the laws o f another state, from loaning
money upon mortgages o f real estate located within the
Commonwealth.*
Sect. 3.
Every such person, association or corpora­
tion transacting business in the Commonwealth at the time
o f the passage of this act shall, within sixty days after
such passage, conform to the requirements of this act.
S e c t . 4.
Whoever violates any provision of the pre­
ceding sections shall be punished by a fine not exceeding
one thousand dollars ; and any provision thereof may on
petition be enforced by injunction issued by a justice of
the supreme judicial court or o f the superior court.
S e c t . 5.
This act shall take effect upon its passage.

,

\_Apyroved May 21 1890.


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

*

Section repealed by chapter 286, Acts of 1896.

xxiii

APPEN DIX.

[ C h a p . 403, A
A x

A

ct

to

BANKS

a u t h o r iz e

TO

PREYENT

CO R PO R AT IO N S

cts

th e

1891.]

c o m m is s io n e r s

F O R E IG N

FROM

op

of

C O -O P E R A T IV E

T R A N S A C T IN G

B U S IN E S S

s a y in g s

B A N K IN G
IN

T H IS

COM M ONWEALTH.

Be it enacted, etc., as follows :

Whenever, upon examination or otherwise, it is the corporations
A
.
.
may be preopinion o f the board o f commissioners o f savings banks vented from
■*^
doing business
that any association or corporation established under the hazardous to
laws o f another state, for the purpose o f carrying on the
business o f accumulating the savings o f its members and
loanino; to them such accumulations in the manner o f a
co-operative bank, and authorized to do business in this
Commonwealth, is transacting such business in a manner
hazardous to the public, or its condition is such as to ren­
der further proceedings by it hazardous to the public, said
board shall revoke or suspend the authority given to such
association or corporation if it has been authorized to do
business in the Commonwealth as aforesaid, and if not so
authorized said board shall notify it to cease the transac­
tion o f such business ; and in either case such association
or corporation shall thereafter have no authority to trans­
act such business within the Commonwealth. But noth- Loans upon
in«; herein contained shall prevent such association or real estatein
°
A
^
the Commoncorporation from loaning money upon mortgages o f real wealth,
estate located within the Commonwealth. [ Approved
June 11, 1891.
[ C h a p . 286, A
A

n

A

ct

ness

OF

r e l a t iv e

to

th e

C O -O P E R A T IV E

cts

op

1896.]

t r a n s a c t io n

B A N K IN G

BY

of

th e

b u s i­

F O R E IG N C O R PO R A­

T IO N S .

Be it enacted, etc., as follows :
S e c t i o n 1.
Section two o f chapter three hundred and
ten o f the acts o f the year eighteen hundred and ninety


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

xxiv

APPEN DIX.
is hereby repealed ; provided, however, that any associa­
tion or corporation which at the passage o f this act is
duly licensed by the board o f commissioners o f savings
banks to transact business in this Commonwealth, under
the provisions o f said section, may be allowed to continue
business, subject to all the conditions and restrictions of
such license and the provisions o f said chapter three hun­
dred and ten as existing previous to the passage o f this
act.
S e c t . 2.
This act shall take effect upon its passage.
[Approved April 14, 1896.


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

r
I^DEX
TO

SU BJECTS

C O N T A IN E D

IN

THE

STATUTES

R E L A T IN G

TO

C O -O P E R A T I V E B A N K S .

PAGE

Agreement of association; what to set f o r t h ,...................................................................................
Annual r e t u r n s , ............................................................................................................................ xvii
Authority of foreign corporations to do business may be revoked,

.

.

.

xxii

Bids for loans may be a rate of interest,......................................................................................... xi
Bonds of treasurers and e m p l o y e e s , ..................................................................................... xvii
Books and accounts,............................................................................................................................. xiv
C a p i t a l , ................................................................................................................................................... vi
Capital, limitation o

f , ...................................................................................................................... vi

Capital, investments o f , ......................................................................................................................ix
Co-operative banking d efined,................................................................................................................
Co-operative banks must be i n c o r p o r a t e d ,.............................................................................xxi
Distribution o f profits and l o s s e s , ....................................................................................................
D u e s ,............................................................................................................................................................vii
Examinations by commissioners..................................................................................................... xxii
Fines, d e fin e d ,.......................................................................................................................................xiii
Fines in excess of profits not to be c h a r g e d ,............................................................................. xiv
Foreign co-operative banking, how p r e v e n t e d , ................................................................ xxiii
Foreign corporations to make a deposit with the treasurer of the Commonwealth,

xxi

Forfeiture o f shares,............................................................................................................................. xiii
Guaranty fund..........................................................................................................................................xvi
How moneys may be lent or i n v e s t e d , ......................................................................................... ix
Interest on l o a n s , ..................................................................................................................... ..............
Limitation of c a p i t a l , ...................................................................................................................... vi
L o a n s , ................................................................................................................................................... ix
Loans, bids for same may be a rate of i n t e r e s t , ..................................................................... xi
Loans, partial payment o

f , ...........................................................................................................xii

Loans, payment o f , ....................................................................................................................
Loans, premiums o
Loans, recovery of,

n

xii

, .............................................................................

x

.

xiv

Loans, security f o r , ................................................................................................................................ xi
Maturity of s h a r e s ,................................................................................................................................ix
M e e tin g s ,.................................................................................................................................................. vii
Moneys, how lent or in vested,........................................................................................ ,
Name to include the words “ co-operative bank,”

ix

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

O f f i c e r s , ................................................................................................................................................... vi
O r g a n iz a tio n ,.............................................................................................................................................
Partial payment of loans on real e s ta te ,........................................................................................xii


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

PAGE

Payment o f l o a n s , ............................................................................................................................... xii
Payments by the corporation............................................................................................................... xv
Penalties, .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

xxii

Penalty for failure to make annual return....................................................................................xvii
Plans of issuing stock, e t c . , .............................................................................................................vi
Powers o f savings bank commissioners..........................................................................................xvi
Premiums on lo a n s ,..................................................................................................................... ..............
Profits and losses, how distributed,.................................................................................................. xv
Purchase of money at a lower ra te,..................................................................................................xii
Real estate, how a c q u i r e d , .......................................................................................................... xvi
Recovery o f l o a n s , ..............................................................................................................................xiv
Repeal of statute authorizing business by foreign corporations,

.

.

.

.

Repeal not to affect associations or corporations previously licensed by Board,

xxiii
.

xxiv

Retiring o f s h a r e s ,.............................................................................................................................. viii
Secretary and treasurer may be one and same person................................................................vii
Secretary and treasurer to give b o n d s , ........................................................................................xv
Security for l o a n s , ................................................................................................................................ xi
Shares, forfeiture o

f , .................................................................................................................... xiii

Shares held in tru st,.............................................................................................................................. viii
Shares in name of m i n o r s , ...........................................................................................................viii
Shares, maturity o f , ................................................................................................................................ ix
Shares, retiring o f , ..............................................................................................................................viii
Stock, plans o f issuing same...................................................................................................................vi
W i t h d r a w a ls ,.......................................................................................


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

vii

STATUTES
R E L A T IN G TO

MORTGAGE LOAN AND INVESTMENT
COMPANIES.


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

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

A.N* A C T
I N R E L A T IO N TO

MORTGAGE LOAN AND INVESTMENT COMPANIES.
(Chapter 387, Acts of 1888.)
S e c t io n 1.
Every corporation now or hereafter estab­
lished under the laws of this Commonwealth for the
special purpose of negotiating or making loans of money
secured by deed of trust or mortgage of real estate situ­
ated outside of this Commonwealth, may exercise and
enjoy all the powers, and shall be governed by the pro­
visions and be subject to the duties, restrictions and
liabilities prescribed in this act and any acts which may
hereafter be passed in amendment or lieu thereof. All
such corporations heretofore chartered shall continue to
exercise and enjoy their powers and privileges according
to their respective charters, and shall be subject to all the
liabilities imposed by the same, except so far as said
powers, privileges and liabilities are modified and con­
trolled by the provisions of this act.
S e c t . 2.
Every such corporation may make loans o f
money secured by deed o f trust or mortgage of real estate
situated in any state, other than this Commonwealth, or
territory of the United States to an amount not exceeding
fifty per cent, o f the appraised value of said property ;
but no loan shall be made on any property subject to a
prior mortgage, encumbrance or lien. Every such cor­
poration may also hold, sell and assign the bonds, notes,
mortgages and securities taken for such loans ; may guar­
antee the payment of the interest and principal of any
bonds, notes or other evidences o f debt secured as afore­
said, and may guarantee the title to the property securing
such evidences of debt for the time such debt remains
unpaid : provided, that nothing contained in this act shall


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

APPEN DIX.

xxviii

be construed as authorizing such corporations to engage
in the business of title insurance.
Sect. 3. Every such corporation may purchase, hold,
guarantee, sell and assign notes or bonds, and the mort­
gages or deeds of trust securing the same, or other papers
securing any loan made by any individual, firm, corpora­
tion or association, provided such loan shall have been
made in accordance with the conditions under which such
corporations can make loans, as prescribed in section two
o f this act.
Sect. 4. Every such corporation may receive money
from any individual, firm, corporation or association, for
investment in the securities which such corporations are
by this act authorized to sell or issue, and may allow
interest on such money from the time of its receipt to the
time of its investment as aforesaid, at such rate as may
be agreed upon ; may receive, care for, manage and sell
stocks, bonds and evidences of debt, the avails of which
are intended for investment as aforesaid. No such cor­
poration shall receive money on deposit, except as herein­
before provided, or engage in any form of banking or trust
business other than as permitted by the terms of this act.
Sect. 5. Every such corporation may act as agent for
the purpose of foreclosing mortgages and collecting claims
arising by reason of any evidence of debt deposited with
it under the provisions o f section four of this act ; may
purchase real estate at any public auction sale thereof
made by virtue of the power contained in any deed of
trust or mortgage owned, held or guaranteed by it, or at
a private sale thereof made for the purpose of cancelling
the debt secured by any such deed of trust or mort­
gage ; may hold, sell, transfer and convey said property :
provided, all real estate purchased or acquired under the
provisions of this section shall be sold within five years
after such purchase or acquisition.
Sect. 6. Every such corporation may issue deben­
tures or bonds, to secure the payment of which, such cor-


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

APPEN D IX.
poration shall from time to time assign, transfer and set
over to trustees, none of whom shall be officers of the
corporation, or to a trust company established under the
laws of this Commonwealth, deeds of trust or mortgages
o f real estate on which loans have been made in accord­
ance with the provisions of this act, to be held by such
trustees or company in trust for the benefit of the holders
o f said debentures or bonds, whereupon such trustees or
company shall indorse their or its certificate of such fact
upon debentures or bonds not exceeding in amount the
face value of securities so transferred to them or it.
Sect. 7. The total amount of mortgages guaranteed
and of debentures or bonds issued by any such corpora­
tion shall at no time be in excess of ten times the amount
o f its capital stock actually paid in and its surplus.
Sect. 8. All bonds, notes and other evidences of debt
taken by such corporation for money loaned shall be
payable to such corporation at its principal place of busi­
ness within this Commonwealth, and shall pass by de­
livery, by transfer on the books of such corporation at
its principal place of business within this Commonwealth,
or by certificate of its transfer agent at such other place
as it may appoint. No transfer except on the books of
the corporation or by certificate of its transfer agent,
shall be valid unless the last transfer shall have been to
bearer. A complete record of such transfer by said trans­
fer agents shall be forwarded to and kept at the principal
place of business of such corporation within this Com­
monwealth.
Sect. 9. Every such corporation may hold real estate
within this Commonwealth suitable for the transaction of
its business, to an amount not exceeding twenty-five per
cent, of its capital actually paid in.
Sect. 10. No such corporation shall be the purchaser
or holder o f any o f the shares of its own capital stock,
unless such purchase shall be necessary to prevent loss
upon a debt previously contracted in good faith ; and stock


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

S X IX

APPEN D IX.

XXX

so purchased shall, within six months from the time o f its
purchase, be sold or disposed o f at public or private
sale.
S ect . 11. The shareholders of every such corporation
shall be held individually liable in the same manner and
to the same extent, and not otherwise, as stockholders of
manufacturing corporations are or may be held liable
under the laws of this Commonwealth. The provisions
contained in sections sixty-two to seventy-one inclusive
o f chapter one hundred and six of the Public Statutes shall
apply to and regulate the enforcement of this liability.
S ect . 12. Every such corporation shall set apart as a
guaranty fund a sum not less than five per cent, of its
paid in capital, and shall thereafter annually add thereto
a sum not less than ten per cent, of its net earnings, until
such fund, with the accumulated interest thereon, shall be
equal to not less than twenty-five per cent, o f its paid in
capital. Said fund shall be invested in United States
bonds ; English consols ; first mortgage bonds of any rail­
road corporation which has paid a dividend on its stock
for at least three years next preceding the date of said
investment; in the legally authorized bonds for municipal
purposes of any city of the United States of not less than
thirty thousand inhabitants whose whole indebtedness
shall not exceed five per cent, of its last assessed valua­
tion ; or in any securities in which savings banks of this
Commonwealth are allowed to invest.
S ect . 13. The books of every such corporation shall
at all reasonable times be open for inspection to the stock­
holders and to all holders of bonds and debentures issued
by such corporation, or of notes and other evidences of
debt guaranteed by such corporation.
S ect . 14. The commissioners of savings banks shall
have access to the vaults, books and papers of every such
corporation; and it shall be their duty to inspect, ex­
amine and inquire into its affairs and take proceedings in
regard to them at such times as they shall deem necessary,


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

APPEN D IX.
in the same manner and to the same extent as if such
corporation was a savings bank, subject to all the laws
which are now or hereafter may be in force relating to
such institutions in this regard : provided, however, said
commissioners may cause any examination to be made by
an expert under their direction but at the expense of the
corporation. Every such corporation shall annually,
within ten days after the last business day of October,
make a return to said commissioners, which return shall
be in the form o f a trial balance of its books, and shall
specify the different kinds of its liabilities and the differ­
ent kinds o f its assets, stating the amount o f each kind in
accordance with a blank form to be furnished by said
commissioners, and such annual returns shall be published
in a newspaper of the city or town where such corporation
is located, at the expense of such corporation, at such
times and in such manner as may be directed by said
commissioners. Said commissioners shall annually make
report to the general court of such facts and statements
respecting such corporations, and in such forms as they
deem that the public interest requires.


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

XXXI

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

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

IN D ICES.

GENERAL

INDEX
PAGE

General remarks on Co-operative B a n k s , .....................................................................iii
“

“

“

“

Mortgage Loan and Investment Companies,

Loan C o m p a n ie s ,............................................................................. x x i

“

“

Foreign Building and Loan Associations,

.

.

.

.

.

.

.

x x ii
xx iv

Annual Reports of Co-operative B a n k s , ..................................................................... 2-258
“

“

“

“

Loan C o m p a n i e s ,............................................................................... 262, 263
Mortgage Loan and Investment Companies, .

.

.

.

264

Aggregate Statement of Co-operative B a n k s , ........................................................... 259

A P P E N D IX P A G E

Statutes relating to Co-operative B a n k s , .....................................................................
“

“


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

Mortgage Loan and Investment Companies, .

.

.

.

v
xxi

Index

to

the

A

nnual

R eports,

{ A lp h a b e tic a lly b y L o ca tion .']

C O -O P E R A T IV E
L O C A T IO N .

Adams,
Amesbury, .
Arlington, .
.

Athol
Attleborough
Baldwinville
Beverly
‘ Allston
Boston
Dorchester
Enterprise
Federal
Germania
Guardian
Homestead
Merchants’
M t. Washington
Pioneer
Roxbury
Suffolk
Volunteer
W est Roxbury
Workingmen’s
Campello
Security
Brookline
Reliance
Columbian
Canton
Provident
Clinton
Danvers
Dedham
Cambridge
Everett
' Fall River

Boston,

Brockton,

Fall River,

.

Fitchburg,

.

.

.

.

Lafayette
People s
[T roy
i Fidelity
. Fitchburg
Foxborough
Dean
Gardner
Gloucester

it

if

ft

a

a

tt

a

a

a

tt

tt

a

it

ft

a

a

a

a

a

n

<<

a

(<

a

it

n

a

n

n

fi

u

ft

u

a

a

a

ft

a

tt

a

a

a

a

a

<(

a

a

ft

a

ft

a

a

ft

tt

if

a

a

a

a

ft

ft

ft

it

ft

ft

tt

fi

a

if

ft

ft

tt

. -¡'

Foxborough,
Franklin,
Gardner,
Gloucester,

PAGE

Adams Co-operative Bank,
Amesbury Co-operative Bank,
ft
if
Arlington

Athol, .
.
.
Attleborough,
Baldwinville,
Beverly,

Brookline, .
Cambridge, .
Cambridgeport,
Canton,
Chelsea,
Clinton,
Danvers,
Dedham,
East Cambridge,
Everett,

BANKS.

CORPORATE NAME.

.


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

if

a

ft

<t

a

tt

tt

n

tt

tt

a

tt

4
8
10
12
16
18
22
6

24
50
54
65
76
85
101
133
144
171
189
212
219
239
256
32
195
28
185
42
34
177
40
44
48
30
61
63
109
169
216
67
69
72
46
74
79

IN D EX

XXXVI

L O C A T IO N .

CO RPO RATE NAME.

Grafton,
Great Barrington,

Hingham,
Holbrook,

.

Hingham
Holbrook
City

.

Holyoke,
Hudson,
Hyde Park, .
Lawrence,

.

Leominster, .
Lowell,
Lynn,

.

Malden,
Mansfield, .
Marblehead,
Marlborough,
Medford,
Melrose,
Merrimac, .
Middleborough,

.

Milford,
Natick,
Needham,
New Bedford,
Newburyport,
Newton,
North Abington, .
North Adams,
Northampton,
North Dighton,
North Easton,
Norwood,
Orange,
Peabody,
Pittsfield,
Plymouth,

.

.

.

.

Quincy,
■Randolph,
Reading,

PAGE

Grafton Co-operatiYe Bank,
ft
Housatonic
“
“
Groveland
“
tt
Citizens’
“
ft
Haverhill
“

Groveland, .
Haverhill,

[Pub. Doc

.

Salem,
Sandwich, .
Somerville, .
South Braintree, .
South Framingham,
South W eym outh,
Springfield, .
Stoneham, .
Stoughton, .


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

if

“
“

ft
ti

Holyoke
Hudson
Hyde Park
■Atlantic
Lawrence
Merrimack
Leominster
Lowell

“
“
“
“
“
“
“
“

Middlesex
Equitable
Lynn
Malden
Mansfield

“
“
“
“
“

Marblehead
Marlborough
Medford
Melrose
Economy

“
“
“
“
“

if
tf

u
ii
ti
ti
ü
ü

ü
ü
it

ü
ü

ü
it
tt
ti

Middleborough Co-operative Bank,
Ü
ii
Milford
ti
ft
Henry Wilson
ti
fi
Needham
if
ü
Acushnet
ft
ft
New Bedford
Newburyport
“
“
ft
ft
Newton
North Abington
Berkshire County
Northampton
North Dighton
North Easton
Norwood
Orange
. Peabody
Pittsfield
Plymouth
' Quincy
Wollaston
Randolph
Reading
Roger Conant
Salem
Sandwich
Somerville
Braintree
. South Framingham
South Weymouth
Springfield
Stoneham
Stoughton

ft

if

if

if

ft

if

ft

fi

ft

tt

if

ft

ft

fi

ft

ff

fi

ft

ft

ff

ff

“

ft

fi

ft

if

ft

ff

ft

fi

ft

fi

ft

ft

tf

ft

ft

ff

if

if
ff

if

fi

ii

ft

ft

if

.

.
.
.
.

81
103
83
36

.
.

87
91

.
.
.
.

93
38
95
105

.
.
.
.
.
.
.
.

107
14
Ill
136
113
115
140
56

.
.
.

117
119
121

.
.
.
.

123
125
129
131

.
.
.
.
.
.
.
.
.
.
.

52
138
142
89
146
2
148
151
153
155
20
157

.
.
.
.

159
161
163
165

.
.
.
.
.
.
.

167
173
175
179
251
181
183

.
.
.

187
191
193

.
.
.
.

197
26
199
203

.
.
.

205
208
210

IN D EX.

No. 8.]

PAGE

CORPORATE NAME.

L O C A T IO N .

Taunton,
Wakefield, .
W altham,
.
Watertown, .
Webster,
Westfield, .
W est Newton,
W est Somerville,.
W eymouth, .
Whitman, .
Winchendon,
Winchester, .
Woburn,
Worcester,

x x x v ii

.

r Mechanics’ Co-operative Bank, .
. i Taunton
“
“
(W e ir
“
“
. Wakefield
“
“
. W altham
“
“
. Watertown
“
“
. Webster
“
“
. Westfield
“
“
. W est Newton
“
“
. W est Somerville “
“
. South Shore
“
“
. Whitman
“
“
. Winchendon
“
“
. Winchester
“
“
. Woburn
“
“
r Equity
“
“
. | Home
“
(W orcester
“
“
.

.

127

.

214

.

233

.

222

.

224

.

227

.

231

.

235

.

237

.

241

.

201

.

243

.

245

.

247

.

249

.

59

.

98

.

253

.

262

.

263

C O L L A T E R A L L O A N C O M P A N IE S .
( Collateral Loan Company, .
.
' l Workingmen’s Loan Association,

Boston,

.

M O R T G A G E L O A N A N D IN V E S T M E N T C O M P A N Y .
Boston,

.

•


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

.

National Mortgage and Debenture Company,

.

.

.264:

IN D E X

X XXV111

Index

to

the

A

[Pub. Doc

R

nnual

eports.

[ A l p h a b e t i c a l l y b y C o r p o r a te N a m e .]

C O -O P E R A T IV E B A N K S .
CORPORATE N AM E.

Acushnet Co-operative Bank,
tt
tt
Adams
tt
tt
Allston
It
tt
Amesbury
U
It
Arlington
it
Athol
“
li
it
Atlantic
II
it
Attleborough

.

It
Baldwin ville
“
Berkshire County Co-operative Bank,
Beverly Co-operative Bank,
It
tt
Boston
It
Braintree
“
It
tt
Brookline
ll
tt
Cambridge
It
tt
Campello
a
Canton
“
it
tt
Citizens’
If
a
City
It
»t
Clinton

Columbian
Danvers
Dean

Lawrence,
Attleborough,
Baldwinville,
North Adams,

.
.

Beverly,
Boston, .

.
.
.
.
.
.

South Braintree, .
Brookline,
East Cambridge, .
Brockton,
Canton, .
Haverhill,

.
.

Holyoke,
C linton,.

.

Cambridgeport,
Danvers,
Franklin,
Dedham,
Boston, .

11
tt

ll

“

.

“

.

It

a

Enterprise
Equitable
Equity
Everett
Fall River
Federal
Fidelity
Fitchburg
Foxborough
Gardner
Germania
Gloucester
Grafton

It

“

Henry Wilson
Hingham

.
.
.
.

It

ll

.

It

.

ll

it

It

tt

It

a

tt

“

It
it

.
.
.
.
.

tt

tt

a

it

n

ft

tt

tt

n

tt

“

tt

tt

it

n

tt

a

tt

tt

tt

“


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

6
8
10
12

Gloucester,
Grafton,
Groveland,
Boston, .
Haverhill,
Natick, .
Hingham,

.
.

14
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50

Merrimac,
East B o ston , .
Lynn, .
Worcester, .
Everett, .

.

.

• / •

4

.
.
.
.
.
.
.

.
.

tt

2

Fall River, .
Boston, .
Fitchburg,
Fitchburg,
Foxborough,
Gardner,
Boston, .

.

“

PAG E

New Bedford,
Adams, .
Boston, .
Amesbury, .
Arlington,
Athol, .

It

Dedham
Dorchester
Economy

Groveland
Guardian
Haverhill

L O C A T IO N .

.
.
.
.
.
.

52
54
56
59
61
63
65
67
69
72
74
76

.
.

•

79
81
83
85
87
89
91

No. 8.]

IN D EX.
CORPORATE NAME.

Holbrook Co-operative Bank,
Holyoke
“
“
Home
“
“
Homestead
“
“
Housatonic
“
“
Hudson
“
“
Hyde Park
“
“

.

XXXIX

L O C A T IO N .

Holbrook,
Holyoke,
Worcester,
Boston, .

PAGE

.

Lafayette
Lawrence
Leominster

“
“
“

“
“
“

Great Barrington,.
Hudson,
Hyde Park, .
Fall River, .
Lawrence,
Leominster, .

Lowell
Lynn
Malden

“
“
“

“
“
“

Lowell, .
Lynn,
.
Malden,

Mansfield
Marblehead
Marlborough

“
“
“

“
“
“

Mechanics’
Medford
Melrose
Merchants’
Merrimack
Middleborough
Middlesex

“
“
“
“
“

“
“
“
“
“
“
“

“
“

. . .

Milford
“
“
M t. 'JVashington Co-operative Bank,
Needham
“
“
New Bedford
“
“
Newburyport
“
“
Newton
North Abington
Northampton
North Dighton

“
“
“
“

“

North Easton
Norwood
Orange
Peabody
People’s
Pioneer
Pittsfield
Plymouth
Provident
Quincy
Randolph
Reading
Reliance
Roger Conant
Roxbury
Salem
Sandwich
Security

“
“
“
‘
*•
“
“
“

“
“

Somerville
South Framingham
South Shore
South Weymouth
Springfield
Stoneham
Stoughton


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

“
“
“

“

“
“
“
“
“

“

“

“
“
“
“
“
“
“•
“
“

“
“
“
“
“
“
“
“
“

“
“
“
“
“
“
“

“
“
“
“
“
“
“

Mansfield,
Marblehead, .
Marlborough,
Taunton,
Medford,
Melrose,
Boston, .
Lawrence,
Middleborough,
Lowell, .
Milford,
Boston, .
Needham,
New Bedford,
Newburyport,
Newton,
North Abington,
Northampton,
North Dighton,
North Easton,
Norwood,
Orange, .
Peabody,
Fall River, .
Boston, .
Pittsfield,
Plymouth,
Chelsea,
Quincy, .
Randolph,
Reading,

.

.

Cambridge, .
Salem, .
Boston, .
Salem, .
Sandwich,
Brockton,
Somerville, .
South Framingham,
W eym outh, .
South W eym outh,
Springfield, .
Stoneham,
Stoughton,
.

.
.
.
.
.
.

93
95
98
101
103
105

.
.
.
.
.

107
109
Ill
113
115

.
.
.

117
119
121

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

123
125
127
129
131
133
136
138
140
142
144
146
148
151
153
155
157
159
161
163
165
167
169

.

171
173
175

.
.
.
.

177
179
181

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

183
185
187
189
191
193
195
197
199
201
203
205
208
210

.

[Pub. Doc. No. 8

IN D E X

xl

Troy
“
Volunteer
“
Wakefield
“
W altham
“
Watertown
“
W aver ley
“
Webster
“
W eir
“
Westfield
“
W est Newton
“
W est Roxbury
“
W est Somerville “
Whitman
“
Winchendon
“
Winchester
“
W oburn
“
Wollaston
“
Worcester
“
Workingmen’s
“

.

Boston, .
Taunton,
Fall River,
Boston, .
Wakefield,
W altham,
Watertown,
Waverley,
Webster,
Taunton,
Westfield,
W est Newton
Boston, .
W est Somerville,
W hitm an,
Winchendon,
Winchester,
Woburn,
Q uincy,.
Worcester,
Boston, .

.

•
“
“
“

•
•

“

•

“
“
“
“
“
“
“
“
“
“
“
“
“
“

•
•
•
•
•
•
•
*
•
•
•
•

COLLATERAL LOAN

212

.
.
.

214
216
219

.

222

.

224

.
.
.

227
229
231

.
.

233
235

.
.
.

237
239
241

.
.
.
.
.
.
.

243
245
247
249
251
253
256

.
.

262
263

.

264

IN V E S T M E N T C O M P A N Y .

National Mortgage and Debenture Company, .


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

.

C O M P A N IE S .

Collateral Loan Company.............................................................Boston, .
Workingmen’s Loan Association,
.
.
.
.
.
Boston, .

M ORTGAGE LOAN A N D

PAGE

L O C A T IO N .

CO RPORATE N AM E.

Suffolk Co-operative Bank,
Taunton
«
«

.

.

Boston, .