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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 During the same period the same banks returned to mem bers $2,493,695.95 for dues on shares withdrawn; $31,486.24 for dues on shares forfeited; $1,174,901 for dues on shares retired; and $262,507 for dues on shares matured,— a total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, .