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PUBLIC DOCUMENT . . .

. . No. 8.

TWENTY-FOUBTS ''M N U Ä Ü 'RETOtft'' - —
o F T B S Bf."**

B oard of Commissioners
SAYINGS BANKS.

1899 .
P

A ß T

II.

RELATING TO

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

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


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

18 P o s t O f f i c e S q u a r e .

1900.

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

3 3 5 ,/

Cflmmantueallij of ||tassar^usetts,

O f f ic e

B o a r d of C o m m iss io n e r s of S a v in g s B a n k s ,
124, S t a t e H o u se , B oston , Feb. 7, 1900.

of th e

R

oom

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

The Board o f Commissioners o f Savings Banks has the honor
to present herewith Part II. o f the twenty-fourth annual report
o f the Board, showing the condition at close o f business, Oct.
31, 1899, o f
.
.
125 co-operative banks with assets of
$26,744,647 30
3 collateral loan companies with assets of . .
744,260 61
1 mortgage loan company in liquidation.
1 moi'tgage loan company in hands of receiver.

C

o

-

o p e r a t iv e

B

a n k s

.

The number o f these institutions has been increased during
the past year by the addition o f the
Highland Co-operative Bank,

which commenced business Feb. 27, 1899 ; this bank is located
in that part o f Boston known as the R oxbury district.

B

u s in e s s

of

th e

Y

e a r

.

During the year ending Oct. 31, 1899, the banks have re­
ceived $6,299,699.50 for monthly dues; $1,428,256.07 for
interest, $45,468.68 for premiums and $49,554.56 for lines.
During the same period there has been returned to members
$2,902,205 for dues on shares withdrawn, $57,746 for dues on
shares forfeited, $1,923,524 for dues on shares retired and
$640,994 for dues on shares matured, — a total o f $5,524,469,
which sum represents amounts which the members had actually

SffBIfi* w n
o


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Federal Reserve Bank of St. Louis

iv

R E P O R T O F TH E

[Pub. D oc.

paid into the banks from time to time on monthly instalments
o f dues.
In addition to the above sums, there was paid to members
$285,181.63 as profits on shares matured, $506,141.27 as
profits on shares retired, and those members whose shares were
withdrawn or forfeited had been credited with $452,951.49 in
profits on shares withdrawn and $8,672.17 in profits on shares
forfeited; these amounts, aggregating $1,252,946.56, represent
the earnings o f the dues eliminated.
The total number o f shares issued during the year was
131,040, and the number eliminated was divided as fo llo w s: —
Shares
Shares
Shares
Shares

w i t h d r a w n , ....................................................
86,481
fo r fe ite d ,....................................................................2,772
r e t i r e d , ................................................................. 22,103
m a tu r e d ,................................................................... 4,569

T o t a l , ..................................................................... 115,925
The net increase during the year being
.
.
. 15,115

The total number o f shares in force Oct. 31, 1899, was
530,589 ; these shares are distributed among 68,349 holders,
who are liable for a monthly payment o f $1 per share upon
each share held by them ; this involves an aggregate saving o f
$530,589 each month, or o f $6,367,068 annually.
The number o f shares pledged for loans is 153,276, as against
149,181 on Oct. 31, 1898.
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 year
1
1
1
1
4
1
17
1
1
6
1

bank distributed profits at the rate of
bank
“
“
“
“
bank
“
“
“
“
bank
“
“
“
“
banks
“
“
“
“
bank
“
“
“
“
banks
“
“
“
“
bank
“
“
“
“
bank
“
“
“
“
banks
“
“
“
“
bank
“
“
“
“


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

3
4

H
4|
4i
4f
5

5t36
51
*17

Highland Co-operative Bank paid only one dividend.

per cent.*

No. 8 .]
15
3
1
1
8
50
4
4
4

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

banks distributed profits at the rate of
44
44
44
44
banks
44
44
(4
44
bank
44
44
44
44
bank
44
44
44
44
banks
44
44
44
44
banks
44
44
44
44
banks
44
44
44
44
banks
44
44
44
44
banks

.

.

•

.
•

•
.
•
•
.

Y

5* per cent.
44
6f
44
m
44
^T0
44
6f
44
6
44
6*
44
61
44
64

A comparison o f the rates at which profits have been distrib­
uted during the past five years is exhibited in the following

No. of banks distributing at I f per cent.,
44
44
44
2
44
44
44
3
44
44
44
4
44
44
44
41
44
44
44
H
“
44
44
44
4f
“
44
44
44
4à
44
44
44
4f
44
44
44
5
44
44
44
H
“
44
44
44
5y8?r “
44
44
44
5f
44
44
44
5U
“
44
44
<4
*¡7
m
44

44

44

4t

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

46

44

44

44

44

44

44

44

44

44

44

44


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

5*
5f
m
5t7ö
5f
5*
5f
6
6|
61
uTo 0
A3
°T6
6f
6f
6è
6f
7
7f

“
“
“
“
“
»
«
u

18 9 5 .

18 9 6 .

1897.

1898.

0
0
0
0
0
0
0
1
0

0
0
0
0
0
1
0
0
0

0
0
0
0
0
0
0
1
0

3

5

0
0
1
0
0

0
0
1
0
0

1
1
0
0
0
0
0
1
0
6
0
0
1
0
0

“

0*
0
1*
1
1
0
1
4

1

9

17

1
0
0
1

1
1
6
1
0

3

6

6

0
0
0

0
0
0

4
2

8
3

15
3

0
0

0
0

1

7

3

3

0
0

0
0

0

6
2

68

81
1

0
0
0
5

“
“
“

1899

0
0
8
1

0
0

0

19
2
4

8
3
4

1

0

* New banks, paying only one dividend.

1
74
1
1

0
8
1
1

1
8

0

0
0

67
1

50
4

0

0
0

1
12
1

0

4

0
0

10

6

4

6

1
0
0

0
0
0

1
0

[Pub. Doc.

R E P O R T O F TH E

VI

R

e c e ip t s

D

and

is b u r s e m e n t s

.

The following consolidated statement o f the receipts and dis­
bursements o f all the banks during the year shows fully the
various items under which such transactions arise : —
Detailed Statement o f Receipts and Disbursements fo r the Year ending Oct.
3 1 ,1 8 9 9 .
D isb u b s e m e n t s.

R e c e ip t s .

From dues capital, .
From interest.............................
From premiums,
From fines..................................
From transfer fees,
. _ .
From real estate loans repaid,
From real estate loans elimi­
nated by foreclosure, .
From real estate loans elimi­
nated by maturity of shares,
From share loans repaid,
From withdrawal profits,
From forfeiture profits, .
From forfeited shares, .
From expense,
From real estate,
From notes and bonds, .
From retired shares,
From matured shares, .
From personal accounts,
From advance payments,
From uncompleted mortgage
l o a n s , ..................................
From mortgages, .
.
From sundries,
Cash on hand Oct. 31, 1898, .

$0,299,699
1,428,256
45,468
49,554
342
4,839,608

50
07
68
56
30
40

455,802 12
212,425
943,156
51,154
1,590
25,062
3,314
379,687
14,542
306,326
157,113
42,957
20,707

00
30
52
08
95
29
94
52
05
49
42
85

31,906
48,856
39,200
771,406

91
66
57
06

$16,168,140 24

For real estate loans,
For share loans,
For dues capital (withdrawn),
For dues capital (forfeited),
For dues capital (retired), .
For dues capital (m atured),.
For profits capital withdrawn,
For profits capital forfeited, .
For profits capital retired,
For profits capital matured, .
For temporary expenses,
For permanent expenses,
For forfeited shares,
For interest...............................
For real estate,
For retired shares,
For matured shares,
For notes and bonds,
For personal accounts, .
For advance payments, .
For uncompleted mortgage
l o a n s , ..................................
For mortgages,
For sundries, .
.
.
.
Cash on hand Oct. 31, 1899, .

$5,952,665
1,043,487
2,902,205
57,746
1,923,524
640,994
452,951
8,672
506,141
285,181
128,987
2,087
24,538
26,565
502,257
306,047
144,689
45,107
37,069
18,367

70
25
00
00
00
00
49
17
27
63
52
97
14
92
45
40
87
50
59
78

32,083
67,661
34,645
1,024,461

75
08
80
96

$16,168,140 24

A comparison o f the above statement with a similar statement
in our last report shows an increase o f $119,273.52 in dues
received and o f $259,400 in dues charged out.
Receipts for interest and premiums were $4,714.32 in excess
o f the sum received in the year preceding.
The sum credited to real estate loans repaid is $318,205.68
more than the same item last year, and the sums charged out
for such loans is $208,791.89 less than in the year previous.
In this connection it should be remembered that the item of
real estate loans repaid, as also the disbursements for loans
made, are both increased, owing to the fact that when the
interest rate on a loan is decreased by a repurchase o f the
money the amount is credited as a loan repaid at the old rate
and debited as a newTloan at the new rate.

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

No. 8 .]

SA V IN G S B A N K

CO M M ISSION ERS.

vii

The amount disbursed for share loans is $52,225.05 more
than in the year previou s; the amount o f such loans repaid was
$1,547.61 less than in the previous year.
The sum disbursed for expenses, say $128,987.52, exceeds
the amount disbursed during the year preceding in the sum o f
$3,221.27 ; the ratio o f expenses to dues is
o f one per
cent., and o f expenses to assets
o f one per cent.
S

h ar es

M

a tu r e d

.

During the past year 49 banks have matured shares, to the
extent in all o f 4,569 in number.
The average time required to reach maturity was 1 3 9 ^
months, the average the year preceding being 139-^ months.
The amount o f real estate loans cancelled by the maturity of
shares is returned as $212,425, as against $136,000 thus re­
turned the previous year; this is a very pleasing exhibit,
illustrating as it does the practical working o f the plan o f co­
operative banking, by which the payment each and every
month o f a small sum, even if required to be made for a period
o f nearly twelve years, results in the cancellation during the
past year o f an indebtedness o f almost a quarter o f a million o f
dollars in this Commonwealth alone.
The following table gives the names o f those banks in which
shares have reached maturity during the year, the number o f
months in each case the shares have been in force, with other
facts o f interest connected with such maturity : —


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

Amesbury Co-operative Bank,
Amesbury Co-operative Bank,

2
3
4

April, 1887,
July,
May,
Nov.,

1887,
1887,
1887,

Jan.,

1899,

A pril, 1899,
Jan.,
July,

1899,
1899,

$141 00 $203 08
141 00
141 00
141 00

202 00
202 70
202 71

A m o u n t of Real
Estate Loans can­
celled by Maturity
of Shares.

Number of
Borrowers. 1

Number o f Holders.

14

29

48

17

5

13

10

23

4

2

31

45

9

2

37

43

8

1
1

1,000 00
200 00

2

250 00

615 78

-

18

2,180 00

4,104 00

5
-

9
6

Cambridge Co-operative Bank,

34

Jan.,

1887,

Oct.,

1898,

142 00

205 71

5

-

-

5

1

Cambridge Co-operative Bank,

35

July,

1887,

A pril, 1899,

142 00

205 26

1

2

-

3

2

2

4

4

$1,000 00
1,000 00
-

Cambridge Co-operative Bank,

36

Jan.,

1888,

Oct.,

1899,

142 00

205 20

-

20

-

20

Campello Co-operative Bank,

13

Oct.,

1887,

Jan.,

1899,

136 00

200 93

9

"

-

9

1

1

1,800 00

2

2

4,000 00

5

3,100 00

14

Campello Co-operative Bank,
Clinton Co-operative Bank.

.

Dedham Co-operative Bank, .

3
4

A pril, 1888,

Oct.,

1899,

138 00

204 72

20

-

-

1887,

July,

1899,

140 00

200 53

16

-

24

40

17

1

1

1

-

200 00

-

3

1

-

1,000 00

2

3,200 00

Oct.,
Nov.,
May,

1886,
1887,

Oct.,
Jan.,

1898,
1899,

144 00
143 00

209 99
202 96

3

-

Total
Value of
Shares
Matured.

4

$2,150 00

$9,747 84

2

1,550 00

4,646 00

1

200 00

9,121 50

1

125 00

8,716 53

-

-

1,028 55

-

1,808 37

-

-

4,094 40

-

-

8,021 20

-

-

209 99

-

-

608 88

-

Enterprise Co-operative Bank,

1

April, 1888,

Oct.,

1899,

139 00

200 29

16

-

-

16

2

-

-

3,204 64

Equitable Co-operative Bank,

19

April, 1887,

March 1899,

144 00

201 67

20

-

37

57

11

3

4,000 00

-

-

11,495 19

8

1

1,200 00

-

-

9,048 60

17

2

1,200 00

-

18,057 21

Equitable Co-operative Bank,
Equity Co-operative Bank,


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

20
2

Oct.,

1887,

Sept., 1887,

Sept., 1899,
March 1899,

144 00
138 00

201 08
202 89

6
6

-

39
83

45
89

-

[Pub. D oc.

Dedham Co-operative Bank, .

1

20

Number.

13
o

Amount.

5

Unpledged.

Pledged f o r
Share Loans.

.

1

S h a r e L oan s
CANCELLED BY
M a t u r it y
of Sh a r e s .

Pledged for R.
E . Loans.

Allston Co-operative Bank,

.

Date
of
Maturity.

N u m b e r of S h a r e s
Ma tu r e d .

R E P O R T O F TH E

Allston Co-operative Bank,

Date
of
Issue.

Maturing Value per
Share.

N AM E OF B A N K .

Amount paid in per
Share.

Number of Series.

Statement o f Shares Matured since Last Report.

3
20

Fitchburg Co-operative Bank,

21

Germania Co-operative Bank,

4

Gloucester Co-operative Bank,

1

A pril, 1887,

March, 1888,

Sept., 1899,

138 00

202 41

-

9

65

74

21

3

May,

1887,

Dec.,

1898,

139 00

200 07

45

1

93

139

47

12

N ov.,

1887,

July,

1899,

141 00

202 28

27

7

90

124

47

7

A pril, 1887,

Jan.,

1899,

141 00

203 02

7

-

-

7

1

1

Dec.,

1898,

141 00

202 72

26

11

89

126

28

7

5,050 00

3

1,400 00

25,542 72

3

1,000 00

14,978 34

3

200 00

27,809 73

5,350 00

2

900 00

25,082 72

1,400 00

-

-

9,400 00

-

1,421 14

Gloucester Co-operative Bank,

2

Oct.,

1887,

June,

1899,

141 00

202 74

6

36

44

86

22

8

1,050 00

7

5,950 00

17,435 64

Grafton Co-operative Bank, .

1

N ov., 1887,

May,

1899,

138 00

200 97

5

3

52

60

20

3

1,000 00

3

450 00

12,058 20

Guardian Co-operative Bank,

3

June, 1887,

Feb.,

1899,

141 00

200 46

21

5

10

36

10

4

4,200 00

1

700 00

7,216 56

Guardian Co-operative Bank,

4

D ec.,

1887,

Sept., 1899,

142 00

200 52

1

3

16

20

6

2

200 00

1

450 00

4,010 40

Haverhill Co-operative Bank,

17

May,

1887,

April, 1899,

144 00

205 04

13

30

44

87

22

10

2,500 00

6

4,500 00

17,838 48

Haverhill Co-operative Bank,

18

Nov.,

1887,

Oc t ,

144 00

202 92

4

5

82

91

28

4

800 00

3

950 00

18,465 72

Henry W ilson Co-operative Bank,

1

N ov.,

1886,

Oct.,

1898,

144 00

203 82

16

-

25

41

14

3

3,200 00

-

-

Henry W ilson Co-operative Bank,

2

May,

1887,

May,

1899,

144 00

201 09

16

5

26

47

15

4

3,200 00

1

800 00

9,451 23

H olyoke Co-operative Bank, .

14

May,

1887,

Jan.,

1899,

141 00

203 29

6

-

6

1

1

1,200 00

-

-

1,219 74

H olyoke Co-operative Bank, .

15

Nov.,

1887,

July,

1899,

141 00

203 28

8

-

-

8

1

1

1,500 00

-

Home Co-operative Bank,

11

June, 1887,

Dec.,

1898,

138 00

202 00

-

35

38

73

7

3

1899,

-

3

-

-

8,356 62

1,626 24

1,425 00

14,746 00
9,269 46

Home Co-operative Bank,

12

D ec.,

1887,

June, 1899,

138 00

201 51

-

6

40

46

18

2

3

750 00

Homestead Co-operative Bank,

21

Sept., 1887,

March 1899,

138 00

203 34

17

5

21

43

12

4

3,200 00

1

600 00

8,743 62

Homestead Co-operative Bank,

22

March, 1888,

Sept., 1899,

138 00

202 16

32

-

28

60

18

5

6,350 00

-

-

12,129 60

Hudson Co-operative Bank, .

4

May,

1887,

Dec.,

1898,

140 00

200 23

-

6

13

19

4

1

-

1

400 00

Hudson Co-operative Bank, .

5

N ov.,

1887,

June, 1899,

140 00

200 00

-

-

69

69

17

-

-

-

-

3,804 37
13,800 00

H yde Park Co-operative Bank,

3

Sept., 1887,

March, 1899,

138 00

200 92

16

6

15

37

7

3

3,000 00

2

500 00

7,434 04

H yde Park Co-operative Bank,

4

March, 1888,

Sept., 1899,

138 00

200 15 J

16

-

47

63

10

3

3,050 00

-

-

12,609 45


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

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

.

Fitchburg Co-operative Bank,

No. 8 .]

E quity Co-operative Bank,

_
O
ug
hj J

A m o u n t o f Real
Estate Loans can­
celled by Maturity
of Shares.

Number of
Borrowers.

Number of Holders.

Shar e L oans
CANCELLED BY

1

15

31

7

4

$3,000 00

1

$200 00

203 25

16

5

37

58

14

4

3,200 00

1

1,650 00

11,788 50

138 00

202 61

5

19

52

76

14

3

1,000 00

2

1,380 00

15,398 36

4

2,500 00

19,336 30

13

1,150 00

23,500 44

May,

1887,

Oct-,

1898,

Lowell Co-operative Bank,

6

Nov.

1887,

May,

1899,

138 00

Lowell Co-operative Bank,

7

May,

1888,

Oct.,

1899,

$138 00 $203 95

EH

Sh a r e s .

fl

Total
Value of
Shares
Matured.

P
O
a

$6,322 45

Malden Co-operative Bank,

.

1

May,

1887,

Oct.,

1898,

138 00

203 54

8

10

77

95

29

6

1,500 00

Malden Co-operative Bank,

.

2

Nov.

1887,

May,

1899,

138 00

202 59

35

12

69

116

23

6

6,300

00

Mansfield Co-operative Bank,

9

May,

1887,

March, 1899,

143 00

204 27

20

42

42

104

17

9

3,750

00

13

4,150 00

21,244 08

Mansfield Co-operative Bank,

10

Nov.

1887,

Sept., 1899,

143 00

203 63

5

31

52

88

16

5

800 00

10

2,800 00

17,919 44

3

May,

1887,

D ec.,

1898,

140 00

200 15

5

-

-

5

1

1

1,000 00

-

-

Marblehead Co-operative Bank,

4

Nov.

1887,

June, 1899,

140 00

200 10

6

-

-

6

1

1

1,200

00

-

-

1,200 60

Mechanics’ Co-operative Bank,

12

July

1887,

Jan.,

139 00

200 19

10

2

45

57

22

2

2,000

00

1

200 00

11,410 83

Mechanics’ Co-operative Bank,

13

Jan.,

1888,

A ug., 1899,

140 00

200 97

8

-

81

89

34

1

1,600

00

-

-

17,886 33

Medford Co-operative Bank, .

3

May,

1887,

Oct.,

1898,

138 00

204 80

18

5

48

71

15

4

3,600 00

1

600 00

14,540 80

Medford Co-operative Bank, .

4

Nov.

1887,

A p r.,

1899,

138 00

204 69

28

1

34

63

11

5

5,400

00

1

200 00

12,895 47

Merchants’ Co-operative Bank,

13

Dec.,

1887,

March, 1899,

136 00

201 42

10

7

83

100

41

4

2,000

00

4

1,000 00

20,142 00

Merchants’ Co-operative Bank,

14

June

1888,

Oct.,

1899,

137 00

201 71

41

-

-

41

3

3

8,050 00

-

-

8,270 11

1

A pr.

1887,

D ec.,

1898,

141 00

202 98

13

-

-

13

5

5

2,500

-

-

2,638 74

Milford Co-operative Bank,


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

.

1899,

00

1,000 75

[Pub. D oc.

Marblehead Co-operative Bank,

R E PO R T O F TH E

5

'S
o

Number.

15

Lowell Co-operative Bank,

Unpledged.

Pledged f o r
Share Loans.

Date
of
Maturity.

N um ber op S harks
Ma t u r e d .
Pledged for R.
E . Loans.

Date
of
Issue.

Maturing Value per
Share.

N AM E OF B A N K .

Amount paid in per
Share.

Number of Series.

Statement o f Shares Matured since Last Report — Continued.

.

2

Oct.,

1887,

New Bedford Co-operative Bank,

13

May,

New Bedford Co-operative Bank,

14

N ov., 1887,

Pioneer Co-operative Bank, .

19

Oct-,

1887,

1887,

141 00

202 98

19

-

-

19

4

4

3,600 00

-

Dec.,

139 00

201 31

13

7

40

60

22

7

400 00

4

June, 1899,

139 00

200 43

16

-

-

16

3

3

875 00

April, 1899,

138 00

200 83

25

3

11

39

12

5

4,950 00

200 22

6

15

5

2

1898,

3,856 62

1,110 00

12,078 60

1

150 00

3,206 88

1

450 00

7,832 37

-

8

1,350 00

3,003 30

-

Plymouth Co-operative Bank,

11

June, 1887,

D ec.,

1898,

138 00

-

9

Plymouth Co-operative Bank,

12

Dec-,

June,

1899,

138 00

200 06

-

2

4

6

4

1

2

200 00

1,200 36

8

6

86

100

19

4

1,200 00

2

200 00

20,022 00

1

15

99

115

19

3

50 00

2

800 00

23,141 45

20

8

-

-

4,045 60

94

49

6

18,800 94

1887,

Provident Co-operative Bank,

5

Sept., 1887,

N ov.,

1898,

134 00

200 22

Provident Co-operative Bank,

6

March, 1888,

June, 1899,

135 00

201 23

139 00

202 28

-

-

20

3

72

-

-

35

6

37

5

2

Reading Co-operative Bank, .

2
1

Salem Co-operative Bank,
Security Co-operative Bauk, .

11

June, 1887,

D ec.,

1898,

2

250 00

6

6,900 00

-

-

7,063 35

5

7,300 00

-

-

7,487 32

1,200 00

-

-

1,218 42

-

413 16

April, 1888,

Oct.,

1899,

139 00

200 01

D ec.,

July,

1899,

140 00

201 81

35
37

-

-

6

-

-

6

2

-

2

2

2

-

-

-

5

3

-

-

-

-

1,029 90

3

430 00

18,426 59

1

100 00

3,406 12

2,900 00

1

1,600 00

5,437 90

1887,

Somerville Co-operative Bank,

15

April, 1887,

Dec.,

1898,

141 00

Somerville Co-operative Bank,

16

Oct.,

July,

1899,

142 00

203 07

1

3,700 00

19

202 36

Stoneham Co-operative Bank,

-

-

Feb.,

1887,
1887,

Oct.,

1898,

141 00

206 58

-

Stoneham Co-operative Bank,

2

Aug., 1887,

April, 1899,

141 00

205 98

-

-

5

Stoughton Co-operative Bank,

3

March, 1888,

Sept., 1899,

138 00

202 49

21

4

66

91

23

8

200 36

-

1

16

17

5

1

209 15

16

8

2

26

5

4

Suffolk Co-operative Bank,

.

Taunton Co-operative Bank, .

5
8

Jan.,
May,

1888,
1887,

May,
May,

1899,
1899,

137 00
144 00

4,100 00
-

37

Volunteer Co-operative Bank,

1

Jan.,

1888,

July,

1899,

140 00

200 63

37

~

~

Wakefield Co-operative Bank,

3

Nov.,

1887,

March, 1899,

137 00

201 32

5

-

27

32

14

1

1,000 00

-

-

6,442 24

5

22

48

14

7

4,200 00

3

400 00

9,630 72

9

66

110

20

5

7,000 00

2

1,050 00

-

73

127

22

7

10,550 00

Wakefield Co-operative Bank,

4

May,

1888,

Sept., 1899,

137 00

200 64

21

Waltham Co-operative Bank,

15

Oct.,

1887,

April, 1899,

138 00

201 87

35

Waltham Co-operative Bank,


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

16

A pril, 1888,

Oct.,

1899,

138 00

200 84

54

22,205 70
25,506 68

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

June, 1899,

No. 8 .]

Milford Co-operative Bank,

1898,

Dec.,

11

June, 1887,

June, 1899,

W est Roxbury Co-operative Bank,

13

May,

March 1899,

1887,

A m o u n t o f Real
Estate Loans can­
celled by Maturity
o f Shares.

Number of
Borrowers.

Number o f Holders.

10

79

89

15

1

-

1

202 00

-

-

16

16

5

-

-

-

143 00

204 22

1

48

41

90

18

10

$100 00

Number.

Amount.

-

144 00

Unpledged.

$144 00 $202 18

'S
o
H

9

$1,010 00
6,600 00

Total
Value of
Shares
Matured.

$17,994 02
3,232 00
18,379 80

W oburn Co-operative Bank, .

2

Oct.,

1887,

March, 1899,

138 00

202 66

10

-

-

10

1

1

2,000 00

-

-

2,026 60

W orcester Co-operative Bank,

15

Oct.,

1887,

April, 1899,

139 00

200 01

11

-

90

101

19

2

2,200 00

-

-

20,201 01
24,000 00

W orcester Co-operative Bank,

16

A p ril, 1888,

Oct.,

3899,

139 00

200 00

27

3

90

120

14

5

5,350 00

1

250 00

W orkingmen’ s Co-operative Bank,

15

June, 1887,

Oct.,

1898,

137 00

201 66

6

33

64

103

28

9

1,200 00

6

2,950 00

20,770 98

W orkingm en’s Co-operative Bank,

16

D ec.,

May,

1899,

138 00

202 08

45

20

76

141

30

8

8,900 00

2

500 00

28,493 28

558 2,906 4,569

1,135

309 $212,425 00

173

$62,860 00

$923,071 12


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

1887,

1,105

R E P O E T O F TH E

10

W estfield Co-operative Bank,

S h a r e L oa n s
CANCELLED BY
M a t u r it y
o r Sh ares.

Pledged f o r
Share Loans.

D ec.,

Westfield Co-operative Bank,

N u m b e r o f Sh a r e s
Ma tu r e d .

Pledged for R.
E. Loans.

1886,

Date
of
Maturity.

Maturing Value per
Share.

Date
of
Issue.

Amount paid in per
Share.

N AM E OF B A N K .

Number of Series.

Statement o f Shares Matured since Last Report — Concluded.

No. 8 .]

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

S

h ar es

R

e t ir e d

xiii

.

The number o f shares retired during the year, say 22,103,
is considerably in excess o f the number retired in the previous
year, 20,694, and is in part owing, no doubt, to the inability
o f the banks to readily loan their monthly receipts.
W hile complaint unquestionably sometimes arises on the part
o f those whose shares are retired, the wisdom o f the statute
which not only permits, but requires in certain cases, the re­
tirement o f shares, is every year made more manifest ; such
complaints would be partially obviated if the banks in which
they occur would limit the issue o f shares to such a number
as would only call for monthly payments sufficient to meet
demands for loans.
Neglect on the part o f a few banks to retire shares in exact
accordance with the statute is again noticed, but as upon in­
vestigation there did not appear to be wilful non-compliance
with the law, no action has been taken by the Board other than
to call attention o f the proper officers o f the banks thereto, and
to request an immediate correction o f the omission.
L

ia b il it ie s

an d

A

ssets

.

The consolidated balance sheet which follows exhibits the
several items o f liabilities and assets, as shown by the annual
r eports o f the several banks : —
L ia b ilitie s .

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

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


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

Amount
Oct. 31, 1899.
$22,034,824
4,057,313
153,657
5,245
5,412
51
7,284
774
183,131
241,170
13,608
6,849
17,570
6,327
4,166
7,259

86
08
04
81
32
25
09
66
22
50
44
03
78
58
70
94

$26,744,647 30

Increase.

Decrease.

$788,656 50
113,412 07
-

81
17,754
24,714
196
654
12,423
278
-

-

_
-

$3,302
1,158
33
13
739

-

84
81
69
09
41
62
65

86
30
72
25
98

-

-

176 84
1,454 03
-

R E P O R T O F TH E

XIV

[Pub. D oc.

A ssets.
Amount
Oct. 31, 1899.

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

$23,270,571
1,109,349
10,436
14,212
890,604
25,874
130,952
4,851
10,882
92,939
22,500
124,970
12,039
1,024,461

Loans on real estate,
Loans on shares,
Permanent expense account,
Tem porary expense account,
Real estate by foreclosure,
Dues unpaid,
Unpaid interest,
Unpaid premiums, .
Unpaid fines,
Bonds and notes of cities and towns.
Loans on public funds,
Mortgages............................
Sundries...............................
C a s h ,...................................

29
42
71
96
57
00
77
80
61
31
00
27
63
96

$26,744,647 30

Decrease.

Increase.
$444,830
100,330
697
115
108,234
3,066
6,022

18
95
58
42
15
00
58

-

521
10,012
22,500
17,997

45
48
00
28

-

253,054 88
-

_
-

-

-

$220 81
-

-

-

15,868 44
-

A comparison o f the foregoing statement with a similar one
in the report for 1898 reveals an increase —
In dues capital o f ...................................$788,656 50
In profits capital of .
.
.
.
.
118,412 07
A total of

.

.

.

.

.

$902,068 57

This comparatively small increase in the working capital o f
the banks is readily explained by the facts stated on a previous
page, that, while nearly $6,300,000 has been received for dues
paid in during the year, over $5,500,000 has been charged out
in the elimination o f shares.
During the year the sum o f $1,366,888.40 has been credited
to profits capital, while in addition to $791,322.90 paid out on
shares retired and matured, the sum o f $461,623.66 has been
charged out on account o f shares withdrawn and forfeited.
Guaranty fund and surplus accounts, amounting to a total
o f $424,301.72, show an increase o f $42,469.50 over the total
in October, 1898.
Loans on real estate show an increase o f $444,830.18 and
loans on shares an increase o f $100,330.95 over the amounts
outstanding on Oct. 31, 1898. The amount o f increase in
loans is $356,907.44 less than the increase in working capital;
this is accounted for in part by the increase in the item o f cash
on hand, which is $253,054.88 in excess o f the sum held on
Oct. 31, 1898.


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

No. 8 .]

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

xv

O f the cash on hand, the sum o f $23,898.36 is due for shares
matured and retired and $4,166.70 is due to borrow ers; in
addition to these amounts, the sum o f $220,580.98 is reported
"as sold, leaving uninvested $775,815.92 ; as compared with the
returns o f Oct. 31, 1898, this shows an increase o f $222,834.74.
The items o f unpaid interest and premiums show an increase
o f $5,801.77 over the sum given in the previous report, and
now amount to $135,804.57 ; while the combined surplus of
the banks is considerably in excess o f this amount, in the case
o f some banks the aggregate o f these items exceeds the amount
o f both their surplus and guaranty fund accounts. This large
sum, $135,800, carried as an asset, the value o f which is liable
to be more or less in doubt, is an element in the business o f
the banks which should receive close scrutiny, inasmuch as it
is customary, when making a division o f profits, to treat the
items o f interest and premiums unpaid, as well as paid, as
earnings on which to base dividends.
As long as a bank is able under this system to pay fair divi­
dends, and carry to the credit o f sfirplus account an amount
sufficient to cover any loss which may occur from inability to
collect a portion o f such overdue amounts, no harm is likely
to arise; but in some instances, even without making such an
allowance, banks have had to draw upon their surplus to a small
amount to keep up uniformity in their dividends. Under the
circumstances named, it seems to this Board that some statutory
provision might be made to limit the use o f these items in such
way as would secure the banks from any difficulty that may
ultimately arise in consequence o f the practice heretofore pre­
vailing.
I

n vestm en ts

in

B

o n d s

.

In our last report we expressed the hope that those banks
which had purchased bonds at more or less premium, if a
demand from borrowers for the money so invested did not
arise, would sell the bonds and use the proceeds to retire shares ;
but this suggestion has not generally been adopted, one bank
only having reduced its holdings, — in fact, the bank which last
year held the largest amount in bonds has increased its holdings
during the past year.


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

R E P O R T O F TH E

XVI

[Pub. D oc.

Transactions which have occurred during the year have con­
vinced this Board that the holding o f such investments is injurious
to the best interests o f those who are using the banks in order to
procure homes, and tends to undermine the legitimate purpose
for which co-operative banks were established.
The reports o f the banks printed herewith discloses the fact
that in two instances banks, having money for which there was
not a demand from borrowers, have made loans on notes secured
by a pledge o f municipal bonds as collateral for a short time,
intending, if demand for the money should not arise, to use the
amount in the retirement o f shares ; this course, it is expected,
will also be adopted by those banks which hold short-time town
notes. Such transactions do not seem objectionable, but we
believe that some legislation in the direction o f limiting the
investments in bonds should be adopted for the best interest o f
the system and o f those for whose benefit it was established.
The banks which have investments in bonds are as follows : —
Haverhill, amount,
Marblehead, amount,
Somerville, amount,

.
.
.

.
.
.

$61,000; value on books, $61,000 00
2,000; value on books, 2,069 31
20,000; value on books, 21,620 00

Those banks which hold town notes are : —
Athol, amount,
.
Marlborough, amount, .
North Dighton, amount,

.................................. $1,250 00
..................................
5,000 00
...................................
2,000 00

A nd the following have loans on municipal bonds : —
West Roxbury, amount,
Winchester, amount,

. $15,000 00
...................................
7,500 00

The total o f all these items being $115,439.31.
I

n terest

on

L

o an s

.

Under the present form o f returns we are able for the fourth
time to compile a table showing the rates o f interest the banks
are receiving on loans outstanding Oct. 31, 1899. The amounts
loaned at each particular rate are given for both the past and the
preceding year.


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

No. 8 .]

SA V IN G S B A N K

CO M M ISSION ERS.
1808.

Loaned
Loaned
Loaned
Loaned
Loaned
Loaned
Loaned
Loaned
Loaned
Loaned

at 5 per cent.,
between 5 and 6 per cent., .
at 6 per cent.,
between 6 and 6T85 per cent.,
at 6T8g ( = 5 cents prem ium ),.
between 6 ^ and 7 per cent.,
at 7 per cent,
between 7 and 8 per cent.,
at 8 per cent.,
at over 8 per cent.,

$2,545,606
961,281
6,585,863
1,159,978
9,154,052
2,988,481
31,740
372,479
2,100
33,175

18 99.

35
94
65
65
69
66
00
64
00
00

$23,834,759 58

T otals,.

X V II

$5,719,489 40
1,862,004 30
5,622,605 06
917,495 72
7,847,076 34
2,119,225 25
19,740 00
252,229 64
730 00
19,325 00
$24,379,920 71

The above table discloses the fact that while in 1898 the loans
at 6t8ïï per cent, (the equivalent o f 6 per cent, interest and 5
cents premium) and less, amounted to $20,406,783, in 1899
they amounted to $21,968,670; the loans at rates in excess
o f 6t3ïï, which in 1898 amounted to $3,427,976, were in 1899
but $2,411,249.
By the above comparison it will be readily seen that the
earning capacity o f the banks is still being reduced ; dividends
are necessarily at lower rates, and the time required to mature
shares consequently lengthened. Notwithstanding the changed
conditions, we believe the many advantages offered by a co­
operative bank, when properly and conservatively conducted,
for persons to procure homes, will be so apparent as to prevent
any liability o f failure in the system o f co-operative banking,
carefully guarded, as it is in this Commonwealth, by statutory
provisions.
The average rate o f interest on real estate loans now pending
is 5.902 q- per cent., and that on share loans is 5.770 -f-.
R

e a l

E

state

h el d

u n d er

F

oreclosure

of

M

o r tg ag es

.

This item shows a relatively smaller increase than was the
case for the year ending Oct. 31, 1898, and we can but hope
that, with the prevailing thrift in the community, there may
soon arise a demand for homes which will enable the banks to
gradually dispose o f their holdings to advantage.
The transactions during the year in estates are shown in the
following statement : —


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

R E PO R T O F TH E

XV111

[Pub. D oc.

Balance as shown in statement of Oct. 31, 1898, 360 estates,
Acquired during the year, 230 e s t a t e s , ..................................
Expenses incurred during the y e a r , ..................................
Balances paid to m ortga gors,....................................................
Gains on estates sold during the y e a r , ..................................

1782,370
436,960
54,430
2,239
4,613

42
93
88
41
62

$1,280,615 26
Received for 185 estates disposed of during
the y e a r , ..........................................................$336,844 59
Rents, etc., received,...........................................
28,475 08
Losses incurred by sales or charged off to
cover d e p r e c i a t i o n , ...................................
27,267 14
----------- --------

392,586 81

Balance as shown by books Oct. 31, 1899, 405 estates,

$888,028 45

.

The above balance differs from the sum shown in the table
o f assets in consequence o f some banks carrying personal
accounts growing out o f transactions with estates held under
foreclosure.
The foregoing statement indicates an increase o f 45 estates
and o f $108,234.15 in amount, as compared with a similar
statement in the preceding report, and the number o f banks
thus holding estates is increased from 72 to 83.
O f the 405 estates held, 224 o f them, standing on the books
o f the banks at $469,485.18, are situated in the cities and towns
where the banks holding them are located; and the remaining
181 estates, standing at $421,119.39, are more or less distant
from the location o f the bank.
The item o f mortgages (taken in the common form in part
payment o f estates sold) shows an increase o f $17,997.28 as
compared with the statement o f a year ago ; and the aggregate
amount, as shown on the books o f the banks, o f mortgages and
real estate held, is now $1,015,574.84, or about 3.79 per cent,
o f the total assets o f the institutions.

S

ales

of

R

e a l

E

sta t e

.

The attention o f this Board has recently been called to the
provisions o f section 19, chapter 117, Public Statutes, as
amended by section 2 o f chapter 247, Acts o f 1898, which
reads as follows : —


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Federal Reserve Bank of St. Louis

No. 8 .]

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

xix

“ A ny 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 or lease the real estate so purchased, and, on the sale
thereof, may take a mortgage in common form thereon to secure the
payment o f the whole or part o f the purchase money. A ll real estate
so acquired shall be sold within five years from the acquisition o f the
title th ereto: provided, however, that the board o f commissioners o f
savings banks may, upon the petition o f the security committee o f
any such corporation and for good cause shown, grant an additional
time for the sale o f the same.”

It is claimed, and we think with some good reason, that
banks cannot take a mortgage in common form on property
acquired otherwise than as stated in the act qu oted; and we
recommend that the law be amended so as to authorize a bank
to sell any real estate held by it on the same terms as is now
given it in case o f property acquired as stated in the act re­
ferred to.
B

anks

w it h

B

ranch

O

f f ic e s

.

It has recently come to the notice o f this Board that in a few
instances banks have put out signs in places other than their
regular office, and in other cases have advertised as having
offices at other poin ts; and there appears to be at present no
provision o f statute to prevent this. In the opinion o f this
Board, however, such action is not in accord with the theory
upon which the system was founded; and we recommend that
it be provided by statute, as it is now in the case o f savings
banks, that every such bank shall carry on its usual business
at its usual office only.
W

it h d r a w a l

P

r o f it s

and

F

in e s

.

These questions are being continually discussed by the officials
o f the banks and others, and we think there is a growing belief
that many o f the banks are charging too high a rate for fines,
and reserving too large a portion o f the profits credited to
shares when the same are voluntarily withdrawn. W e believe
legislation upon these points could be devised which would be
for the benefit o f shareholders, without special detriment to the
banks themselves.


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Federal Reserve Bank of St. Louis

R E PO R T O F TH E

XX

[Pub. D oc.

COLLATERAL LOAN COMPANIES.

The companies transacting business o f this character are
three in number, viz. : —
The Collateral Loan Company of Boston,
The Workingmen’s Loan Association of Boston, and
The Worcester Collateral Loan Association of Worcester.

A ll the companies have been examined by an expert account­
ant, appointed by this Board, and their annual returns are in
each case attested to by the State director o f the company.
Collateral Loan Company o f Boston : the loans o f this com­
pany outstanding October 31 last were $437,831.50, as against
$411,351.29 on Oct. 31, 1898. During the year the company
has reduced its rate o f interest on loans from 1^ per cent, to
l i per cent, a month.
W orkingm en’s Loan Association : the outstanding loans of
this company on October 31 last were $3,968.32 less than the
amount the year previous, and the company owed $6,000 less
on notes payable Oct. 31, 1899, than it did on Oct. 31, 1898.
The W orcester Collateral Loan Association has during the
year increased its capital from $30,000 to $45,000, and its
loans from $37,530.72 to $44,776.91, and has paid all its out­
standing notes. It has recently opened a pledge department,
and is now loaning on pledges o f watches, jewelry, etc., in
addition to its former business o f loaning only on chattel
mortgages.


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Federal Reserve Bank of St. Louis

No. 8 .]

xxi

SA Y IN G S B A N K C O M M IS S IO N E D .

MORTGAGE LOAN COMPANIES.

T

h e

N

a t io n a l

M

ortgage

and

D

eben tu r e

C

o m pan y

.

This company is virtually in liquidation, and there has been
but little change in its affairs during the year.
G

lobe

I

n vestm en t

C

o m pan y

.

During the year an important decision has been made by the
cou rt; this is, that loans collected by the company, and not
paid over to the owners thereof, are entitled to priority in the
distribution o f the assets. There are over 1,100 o f these
claims, and these must be presented to the receiver for proof
o f claim before February 15 instant. The dividend on these
claims must necessarily be quite small.
W hen the receiver can finally close his trust it is impossible
at present to predict.


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Federal Reserve Bank of St. Louis

R E PO R T OF TH E

X X II

[Pub. D oc.

FOREIGN COMPANIES.

O f the three companies heretofore doing business in this
Commonwealth under license o f this Board, we have to report
as follows : —
M

in n e s o t a

S

a v in g

F

und

and

I

nvestm en t

C

o m pan y

.

This company, having considerable real estate in its posses­
sion which it is unable to sell at fair prices, has been for some
time unable to accumulate the large amount required to meet
the demands o f withdrawing members, and action is now being
taken to secure a distribution among the shareholders, resident
in this Commonwealth, o f the deposit with the Treasurer and
Receiver-General.
Attempts have recently been made to induce shareholders to
appoint certain parties as attorneys to collect their claims
against this fu n d ; such action is, however, uncalled for, and
would involve unnecessary expense, inasmuch as at the proper
time, and that very soon, they can themselves collect what is
due them by submitting their claims to the duly authorized
person appointed by the court.
After shareholders resident in this Commonwealth have
received their proportion o f this fund, they will still have a
claim on the other assets o f the company, in common with the
other shareholders, but it will probably be a considerable time
before the company will realize an amount sufficient to pay all
withdrawals in fu ll; in fact, acting upon the recommendation
o f the public examiner o f Minnesota, it is proposed that not
more than 75 per cent, o f the original deposit shall be paid
to any withdrawing member until all stock filed has received
that proportion, after which a final settlement will be m ade;
this will be dependent upon the result o f sales o f the real estate
now held by the company.


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Federal Reserve Bank of St. Louis

No. 8 .]

S

e c u r it y

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

S

a y in g s

and

L

oan

A

s s o c ia t io n

of

M

X X lll

in n e a p o l is

.

The receiver o f this company, Hon. Robert D. Russell,
informs us that all who have filed claims against the com­
pany hare been paid a dividend o f 21% per cent, thereon ; he
expects to pay another dividend early this year, but how
much and when he is not able at present to say.
The receiver hopes to make a final settlement during this or
early in the coming year.
A

m e r ic a n

B

u il d in g

,

L

oan

C

I

and

h ic a g o

nvestm en t

S

o c ie t y

of

.

The former receiver o f this company, W . K . Sullivan, Esq.,
died early last year, and Henry W . Brant was appointed his
successor in A pril last.
The receiver reports that three dividends have been paid to
stockholders, say two o f 10 per cent, each and one o f 4 per
cent., the last in December, 1898.
It is difficult to say what future dividends will be paid, as
it depends entirely upon the ability o f the receiver to sell the
real estate belonging to the company at a fair price. Pendinglitigation will probably prevent the receivership being closed
within the next two years at least.


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Federal Reserve Bank of St. Louis

STARKES W H ITON ,
W A RREN E. LOCKE,
JAMES O. OTIS,
Board of Commissioners of Savings Banks.

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

ABSTRACT OF ANNUAL REPORTS
OP THE

C O -O PE R A T IV E

BANKS

SHOWING THEIR

CONDITION A T CLOSE OF BUSINESS


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

O ctober

31, 1899.

2

[Pub. D oc

R E P O R T O F TH E

A C U SH N E T C O -O P E R A T IV E B A N K — N E W BEDFORD .
Incorporated Nov. 15, 1889.
R

ufus

Commenced business N ov. 16, 1889.

A . S o u l e , President.
C h a r l e s R . P r i c e , Secretary.
E d g a r L o r d , Treasurer.
Names of security committee:
L ot B . B a t e s ,
W il l ia m A . K
Ja s p e r W . B r a l e y .

ir b y ,

Regular meetings the fourth Saturday of each month.
B a l a n c e Sh e e t O c t .

31, 1899.

L ia b ilit ie s .

A ssets .

$125,815 00
Loans on real estate,
9,165 00
Loans on shares, .
85 20
Permanent expense account,.
3,275 20
Real estate by foreclosure, .
946 11
Unpaid interest,
1,021 00
Unpaid dues, .
.
.
.
88 18
Unpaid fines, .
.
.
.
9 00
Suspense account, .
171 89
Personal accounts,
5,628 38
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Due on mortgage loans,
Personal account,

$120,640
23,912
908
663
43
18
18

00
69
04
33
68
71
51

$146,204 96

$146,204 96
%

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 31, 1899.

D isbursements .

R eceipts .

From dues capital,
interest,
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
real estate by foreclosure, .
.
.
.
uncompleted mortgage
loan account, .
personal accounts,
Cash on hand Oct. 31, 1898, .


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

$31,829
7,968
243
1
48,360

00
05
20
00
00

6,800
5,700
331
25
1,581

00
00
37
00
66

2,680 06
5,777 56
15,371 66
3,391 11
$130,059 67

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 bv foreclosure,
uncompleted mortgage
loan account,
personal accounts,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$46,910
7,095
21,531
1,413
11,400
3,625
191
3,705
901
1,581
152
5,955

00
00
00
00
00
99
98
06
27
66
59
26

5,758 85
14,209 63
5,628 38

$130,059 67

No. 8 .]

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

3

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

Amount.
$37,825
73,615
5,450
2,000
1,400
2,200
1,675

Rate.

00
00
00
00
00
00
00

L oans on Shares .

Amount.

5.50 per cent.
6.06
“
6.12
“
6.18
“
6.24
»
6.36
«
6.42
“

Rate.

$1,150 00
375 00
125 00

6.48 per cent.
6.60
“
6.66
“

Amount.
$6,090
2,835
90
30
80
20
20

00
00
00
00
00
00
00

Rate.5 50 per cent.
6.06
“
6.12
“
6 36
«
7 02
“
7.08
“
7.26
“

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

$163
153
142
132
122
113
104
95
86
77
69
61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

74
01
62
52
74
23
03
09
40
97
79
84
13
65
38
32
48
84
38
10

Total
Value.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
Force.

Series.

D ate of
I ssue .

N o v .,
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,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

25
68
75
59
122
72
141
64
47
48
111
125
200
157
234
143
200
129
212
348

$4,093
10,404
10,696
7,818
14,974
8,152
14.668
6,085
4,060
3,742
7,746
7,730
10,826
7,324
9,214
4,621
5,096
2,430
2,624
2,122

50
68
50
68
28
56
23
76
80
56
69
00
00
05
92
76
00
36
56
80

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

23,912 69

118 00
$144,552 69

Total,

Number of shares issued during the year.......................................................... 599
Number of shares now in f o r c e , ...........................................................2,580
Number of shares now borrowed u p o n ,........................................................... 979
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the y e a r , ....................................... 544
Number of shares forfeited during the y e a r , ................................................. 52
Number of shares retired during the y e a r , ................................................. 100
Highest rate of premium or interest received on money sold during the year :
1 cent premium.
Lowest rate of premium or interest received on money sold during the year :
5J per cent.
Rate of profits distributed : 1st term, 2J per cent. ; 2d term, 2J per cent.
Number o f members withdrawn during the y e a r , ....................................... 77
Present number of m e m b e r s ,.................................................................................. 373
Present number of borrowers,.................................................................................. 120
Present number of n on-borrow ers,........................................................................ 253
Number of loans secured by first mortgage of real estate,
.
.
.
76
Number of loans on shares,
.
.....................................................................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, 1899,
Date of examination by commissioner: June 29.


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

$120,640 00

$144,552 69

5,000 00

10 00
901 27

4

REPORT OF THE

[Pub. D oc

AD AM S C O -O P E R A T IV E B A N K — AD AM S.

Incorporated Dec. 17, 1895.

Commenced business March 10, 1896.

A . B . M o l e , President.

F r a n k H a n l o n , Secretary and Treasurer.

Names of security committee:
E . B u r l in g a m e ,
S. L . A . H a l l ,
G eorge B . A d a m s.

Regular meetings the second Tuesday 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 of treasurer, .

31,1899.

L ia b il it ie s .

$38,320
3,240
144
304

87
00
60
49

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

$42,009 96

$38,784
3,119
5
36
65

00
40
00
56
00

$42,009 96

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

From dues capital,
interest,
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeited shares, .
Cash on hand Oct. 31, 1898, .


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

D isbursements .

00
71
27
00
00
30
00
25

For real estate loans, .
$31,040 87
share loans, .
5,318 00
dues capital withdrawn,
4,247 00
dues capital forfeited, .
54 00
profits capital withdrawn,
222 32
profits capital forfeited,
3 87
temporary expenses,
149 98
permanent expenses,
22 00
forfeited shares, .
34 00
Cash on hand Oct 3 1 ,1 8 9 9 ,.
304 49

$41,396 53

$41,396 53

$18,097
1,948
66
16,100
4,213
25
54
892

No. 8 .]

5

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

Total Amount o f Loans at Specified Bates o f Interest.
L oans on K eal E state .

Amount.

Rate.

Amount.

6 per cent.

$38,320 87

L oans on Shares .

Amount.

Rate.

-

$3,240 00

-

Rate.
6 per cent.

1896,
1896,
1897,
1897,
1898,
1898,
1899,

.
.
.
.
.
.
.

1
2
3
4
5
6
7

$48
39
32
25
18
12
6

Dues paid in advance, .
Total,

73
16
20
40
78
35
09

Total
Value.

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

Shares in
Force.

D ate of
Tssoe .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

388
153
105
255
110
299
247

$18,907
5,991
3,381
6,477
2,065
3,692
1,504

24
48
00
00
80
65
23

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

$38,784 00
3,119 40
161 00

45 00
$42,064 40

Total,

$42,064 40

N umber of shares issued during the y e a r , ................................................. 625
Number of shares now in f o r c e , ...........................................................1,557
Number of shares now borrowed u p o n ,...........................................................365
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................253
Number of shares forfeited during the y e a r , ................................................. 3
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: first term, 2| per cent.; second term, 2§ per cent.
N umber of members withdrawn during the y e a r ,........................................40
Present number of m e m b e r s ,................................................................................... 253
Present number of borrowers,.....................................................................................61
Present number of non-borrowers.............................................................................192
Number of loans secured by first mortgage of real estate,
.
.
.
37
Number of loans on s h a r e s , ..................................................................................... 24
Largest loan to any one m e m b e r ,.............................................................................. $2,500 00
Smallest loan to any one m e m b e r ,...............................................................................
8 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1899, .
195 08
Date of examination by commissioner: April 25.


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Federal Reserve Bank of St. Louis

6

R E P O R T O F TH E

[Pub. Doc

A L L ST O N C O -O P E R A TIV E B A N K — (W ard 25) BOSTON.
Incorporated April 8, 1887.
I. F . W

o odbury,

Commenced business April 9, 1887.

President.
G e o r g e F . T a f t , Secretary.
F r e d e r i c k H a m m o n d , Treasurer.
Names of security committee :

S. W . B r o w n , Jr.,

F r e d e r ic k H a m m o n d ,
John E v a n s .

Regular meetings the second Saturday of each month.
B alance Sh eet Oct.

A ssets .

31, 1899.
L ia b il it ie s .

Loans on real estate,
$240,165 48
Loans on shares, .
10,000 00
Permanent expense account,
494 64
Temporary expense account,
650 99
Real estate by foreclosure, .
68,977 56
Unpaid interest,
3,010 17
Unpaid premiums,
139 01
Unpaid fines, .
.
.
.
149 19
Suspense account, .
837 79
Mortgages.....................................
5,946 00
Cash in hands of treasurer, .
13,775 70

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,
Security committee,

$344,146 53

$284,045
45,936
5,703
171
170
2
101
7
3,120
4,624
249
14

00
67
78
57
05
50
43
18
65
12
58
00

$344,146 53

Detailed Statement o f Receipts and Disbtirsements fo r the Year ending
Oct. 31, 1899.
R eceipts .

From dues capital,
interest.
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
security committee,
mortgages, .
temporary expense,
real estate by foreclosure,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$81,516
18,191
635
551
5
78,830

00
89
53
97
25
00

31,800 00

1,000
31,550
243
52
89
16
54
275

00
00
69
87
21
00
00
00

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,
suspense account, .
mortgages,
interest repaid,
premium repaid, .
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$59,515
7,570
96,694
3,756
37,805
10,011
18,881
528
9,804
4,382
2,311
837
6,000
22
1
39,402
13,775

48
00
00
00
00
00
16
58
48
89
87
79
00
00
10
94
70

30,916 37
35,572 21
$311,299 99

$311,299 99

No. 8 .]

7

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

Total Amount o f Loans at Specified Bates o f Interest.
L oans on Shares .

L oans on R eal E state .

Amount.

Rate.

Amount.

$133,615 48
103,150 00

5.00 per cent.
6.30
“

$1,200 00
2,200 00

Rate.

Amount.

Rate.

$9,000 00
1,000 00

6.90 per cent.
7.20
“

5.00 per cent.
6.30
“

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

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

$198
187
175
164
154
143
133
124
114
105
97
88
80
72
64
57
49
42
35
29
22
16
10
4

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

•

90
18
77
78
14
87
92
25
87
82
01
50
28
26
53
04
73
62
74
07
58
26
07
00

Total
Value.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

Shares in
Force.

Series.

D ate of
I ssue .

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

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital

52
78
80
84
55
23
125
122
98
86
211
208
279
218
519
240
452
297
455
346
413
806
600
585

$10,342
14,600
14,061
13,841
8,477
3,309
16,740
15,158
11,257
9,100
20,469
18,408
22,398
15,752
33,491
13,689
22,477
12,658
16,261
10,058
9,325
13,105
6,042
2,340

80
04
60
52
70
01
00
50
26
52
11
00
12
68
07
60
96
14
70
22
54
56
00
00

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

$284,045 00'
45,936 67
3,950 00

*

565 00
02
$333,931 67

Total,

$333,931 67

Number of shares issued during the y e a r , ....................................... 1,283
Number of shares now in f o r c e , ...........................................................6,432
Number of shares now borrowed u p o n ,................................................. 1,371
Largest number o f shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year,
.
.
.
.
1,989
Number of shares forfeited during the y e a r , ................................................. 164
Number of shares retired during the y e a r , ................................................. 415
Number of shares matured during the y e a r , ................................................. 71
Highest rate o f premium or interest received on money sold during the year:
5 per cent.
Lowest rate of premium or interest received on money sold during the year:
5 per cent.
Rate of profits distributed: 1st term, 2 per cent.; 2d term, 2 per cent.
Number of members withdrawn during the y e a r ,....................................... 208
Present number o f m e m b e r s ,...................................................................................664
Present number of borrow ers,...................................................................................118
Present number of non-borrowers,......................................................................... 546
Number of loans secured by first mortgage of real estate,
.
.
. 112
Number o f loans on shares............................................................................................ 21
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. 31,1899, .
2,036 87
Date of examination by commissioner: March 2.


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

8

R E P O R T O F TH E

[Pub. Doc.

AMESBTJRY C O -O P E R A T IV E B A N K — A M E SB U R Y.

Incorporated April 10, 1886.
W

il l ia m

Commenced business May 1, 1886.

W . H a w k e s , President.

P o r t e r S a r g e n t , Secretary and Treasurer.

Names of security committee :
W

il l ia m

W . H aw kes,
John Cu r r ie r ,
R ic h a r d E . B r i g g s .

Regular meetings the first Monday of each month.

Balance Sh eet Oct.

A ssets .

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

31, 1899.

L ia b ilit ie s .

.

.

$79,515
5,610
1,120
1,005
58
13,200

00
00
82
71
50
12

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

.

$100,510 15

$78,253
18,852
1,434
1,969

00
96
90
29

$100,510 15

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
premiums, .
tines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31,1898, .


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

D isbursements .

$16,112
5,661
280
217
3
9,400

00
05
99
66
00
00

1,000 00
1,000
650
70
22,025

00
00
47
48

$56,420 65

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital matured, .
profits capital withdrawn,
profits capital matured, .
temporary expenses,
interest on m a t u r e d
shares,
taxes paid,
real estate by foreclosure,
Cash on hand Oct. 31,1899, .

$17,000
1,210
4,606
12,408
696
5,254
748

00
00
00
00
71
03
97

176
45
1,075
13,200

00
44
38
12

$56,420 65

No. 8 .]

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

9

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E sta te .

Amount.

Rate.

$70,665 00
8,050 00

6.30 per cent.
6.60

L oans on Shakes .

Amount.

Rate.

$800 00

Amount.

6.90 per cent.

$5,610 00

Rate.
6.30 per cent.

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27

$196
185
173
162
152
141
131
122
112
103
94
86
*77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

77
16
88
94
31
98
97
26
84
67
76
12
75
60
68
99
53
28
24
40
77
33
08

Total
Value.

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

Shares in
Force.

Series.

D ate op
I ssue .

M ay, 1888,
N ov., 1888,
May, 1889,
Nov., 1889,
M ay, 1890,
Nov , 1890,
M ay, 1891,
N ov., 1891,
M ay, 1892,
N ov., 1892,
M ay, 1893,
N ov., 1893,
May, 1894,
N ov., 1894,
M ay, 1895,
N ov., 1895,
M ay, 1896,
N ov., 1896,
M ay, 1897,
N ov., 1897,
M ay, 1898,
Nov., 1898,
M ay, 1899,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

34
50
42
5
53
20
34
29
42
62
36
60
141
21
19
106
118
46
169
53
69
51
48

$6,690
9,258
7,302
814
8,072
2,839
4,486
3,545
4,739
6,427
3,411
5,167
10,962
1,461
1,171
5,722
5,490
1,806
5,448
1,346
1,295
628
291

18
00
96
70
43
60
98
54
28
54
36
20
75
60
92
94
54
88
56
20
13
83
84

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

18,852 96
1,357 00

80 00
$98,462 96

Total,

Number of shares issued during the y e a r , ................................................. 99
Number of shares now in f o r c e , ........................................................... 1,308
Number of shares now borrowed upon.............................................................. 526
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year................................................. 110
Number o f shares matured during the year...................................................... 88
Highest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Rate of profits distributed: 1st term, 3 per cent.; 2d term
per cent.
Number of members withdrawn during the year............................................38
Present number of m e m b e r s ,.................................................................................. 242
Present number of borrow ers,.................................................................................... 85
Present number of n on-borrow ers,.........................................................................157
Number of loans secured by first mortgage of real estate,
.
.
.
72
Number of loans on s h a r e s , ....................................... •.
.
.
.
13
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, 1899,
.
Date of examination by commissioner : June 16.


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

$78,253 00

$98,462 96

2,900 00
50 00
7 48 97

10

[Pub. D oc.

R E P O R T O F TH E

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 e o r g e D. M o o r e , President.
R . W a l t e r H i l l i a r d , Secretary.
W a r r e n A . P e i r c e , Treasurer.

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

Regular meetings the first Tuesday of each month.

B alance Sheet Oct. 31,1899.

L ia b ilit ie s .

A ssets .

$188,150 00
Loans on real estate,
6,320 00
Loans on shares, .
328 79
Permanent expense account,.
4,755 05
Real estate by foreclosure, .
244 36
Unpaid interest,
3 29
Unpaid premiums,
45 13
Unpaid fines................................
1,581 92
Cash in hands of treasurer, .

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

$165,394
33,609
543
1,875
5

00
54
32
88
80

$201,428 54

$201,428 54

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits, .
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$42,139
10,682
139
169

00
53
54
67
50
42,100 00
1,950
1,895
574
2

'

00
00
48
00

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,
interest on retired shares,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$56,200
4,735
17,312
120
12,690
2,309
8
3,090
1,082
281
2,215
1,581

00
00
00
00
00
39
00
35
44
06
47
92

98 00
1,874 91

$101,625 63

$101,625 63

No. 8 .]

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

11

Total Amount o f Loans at Specified Bates o f Interest.
L oans on R eal E sta te .

Amount.
$127,100
3,500
1,000
40,050
11,000

Rate.

00
00
00
00
00

L oans on Shares .

Amount.

5.00 per cent.
5.25
“
5.75
“
6.00
“
6.30
“

$1,000
2,050
1,950
500

Rate.

00
00
00
00

Amount.

6.60 per cent.
6.90
“
7.20
“
7.50
“

$4,050
70
2,140
60

00
00
00
00

Rate.
5.00 per cent.
5.75
“
6.00
«
8.70
»

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

$162
151
141
131
121
112
103
94
85
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

•

61
97
62
56
78
31
13
22
60
23
13
28
66
25
05
08
32
76
33
09

Total
Value.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
Force.

Series.

D ate op
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 av,
N ov.,
May,
N ov.,
M ay,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

104
113
91
78
100
164
117
109
216
115
132
101
153
139
159
189
285
353
282
417

$16,911
17,172
12,887
10,261
12,178
18,418
12,066
10,269
18,489
8,881
9,125
6,189
8,209
6,428
6,208
6,063
7,216
6,622
3,477
2,539

44
61
42
68
00
84
21
98
60
45
16
28
98
75
95
12
20
28
06
53

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

$165,394 00
33,609 54
784 00

170 00
$199,787 54

Total,

$199,787 54

Number of shares issued during the y e a r , ................................................. 753
Number of shares now in f o r c e , ........................................................... 3,417
Number of shares now borrowed u p o n ,................................................. 1,179
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the y e a r , ........................................482
Number of shares forfeited during the y e a r , ................................................. 10
Number of shares retired during the y e a r , ................................................. 140
Highest rate of premium or interest received on money sold during the year:
5| per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
5 per cent.
Rate of profits distributed : 1st term, 2^ per cent.; 2d term, 2J per cent.
Number of members withdrawn during the y e a r , ....................................... 65
Present number of m e m b e r s ,.................................................................................. 425
Present number of borrow ers,...................................................................................107
Present number of non-borrow ers,.........................................................................318
Number of loans secured by first morfgage of real estate,
.
.
.
93
Number of loans on shares,
.
................................................. 20
Largest loan to any one m e m b e r ,.............................................................................. $2,500 00
Smallest loan to any one m e m b e r ,...............................................................................
25 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1899, .
1,117 96
Date of examination by commissioner : March 27.


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

12

R E P O R T O F TH E

[Pub. D oc.

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

Commenced business July 15, 1889.

G e o r g e D . B a t e s , President.

C. F . R ic h a r d s o n , Secretary and Treasurer.

Names of security committee :
L evi B. F a t ,

A rthur F. T y l e r ,
C h arles F . A m sd en.

Regular meetings the third Monday of each month.

Balance Sheet Oct. 31, 1899.

A ssets .

Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines.................................
Town note,
.
.
.
.
Cash in hands of secretary, .

L ia b il it ie s .

$72,158
2,960
3,587
817
4
116
1,250
8,731

45
00
28
05
90
22
00
73

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

.

$89,625 63

$72,763
14,842
324
1,548
146
1

00
27
00
82
04
50

$89,625 63

Detailed Statement o f Receipts and Disbursements for the Tear endina
Oct. 3 1 ,1 8 9 9 .

R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
real estate by foreclos­
ure, .
.
.
.
security committee,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$19,177
4,396
20
396

00
85
35
42
25
8,658 65

900
3,000
175
5
144

00
00
17
93
46

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
profits capital withdrawn,
profits capital forfeited,.
temporary expenses,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$12,321
3,330
10,831
509
2,261
60
265
1,280
8,731

73
00
00
00
43
70
19
86
73

188 50
1 50
2,526 56
$39,591 64

$39,591 64

No. 8 .]

18

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Shakes .

L oans on R eal E st a t e .

Amount.

Rate.

$67,758 45
4,250 00

6.00 per cent.
6.30
“

Amount.

Rate.

$150 00

9.60 per cent.

Amount.
$2,960 00

Rate.
6.00 per cent.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

$171
160
149
139
129
119
110
101
95
86
78
69
61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

36
36
75
44
44
74
34
21
25
55
10
90
94
22
72
44
37
51
85
38
10

Total
Value.

July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
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 op
I ssue .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

39
31
16
33
25
53
52
75
25
75
70
47
24
117
87
162
64
109
183
162
175

$6,683
4,971
2,396
4,601
3,236
6,346
5,737
7,590
2,381
6,491
5,467
3,285
1,486
6,343
4,064
6,389
2,071
2,780
3,449
2,005
1,067

04
16
00
52
00
22
68
75
25
25
00
30
56
74
64
28
68
59
55
56
50

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

$72,763 00
14,842 27
1,251 00

10 00
$88,856 27

Total,

$88,856 27

Number of shares issued during the y e a r , ................................................. 398
Number of shares now in f o r c e , ........................................................... 1,624
Number of shares now borrowed upon................................................................389
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 273
Number of shares forfeited during the y e a r , ................................................. 9
Highest rate of premium or interest received on money sold during the year:
6 per cent.
Lowest rate o f premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 28
Present number of m e m b e r s ,.................................................................................. 240
Present number of borrow ers,.................................................................................... 84
Present number of non-borrow ers,.........................................................................156
Number of loans secured by first mortgage of real estate,
.
.
.
82
Number of loans on s h a r e s , .................................................................................... 25
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 ,..............................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
.
265 19
Date of examination by commissioner : April 17.


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

14

R E P O R T O F TH E

[Pub. D oc.

A T L A N T IC CO -O PER ATIVE B A N K -L A W R E N C E .

Incorporated March 26, 1891.

Commenced business April 30, 1891.
F . A . S h e r m a n , Secretary.

T h o m a s B e v in g t o n , President.
W . D . C u r r i e r , Treasurer.

Names of security committee:
T h o m a s B e v in g t o n ,
John H a ig h ,

R obert T . T o d d ,
R . H . B arlow ,

J o se p h T h o m p s o n .

Regular meetings the last Friday of each month.

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

A ssets .

31, 1899.

L iab ilit ie s .

Loans on real estate,
$106,600 00
Loans on shares, .
10,950 00
Permanent expense account,
16 53
Unpaid interest,
325 00
Unpaid premiums,
10 91
Unpaid fines, .
.
.
.
38 02
Cash in hands of treasurer, .
2,327 10

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

$120,267 56

$99,904
18,419
982
24
61
11
839
16
8

00
29
50
16
91
67
19
08
76

$120,267 56

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
.'
.
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$26,977
6,794
187
175
1
27,550
8,350
160
5,148

00
17
55
81
00
00
00
43
06

For real estate loans, .
$40,200 00
share loans, .
9,950 00
dues capital withdrawn,
11,227 00
7,430 00
dues capital retired,
1,629 84
profits capital withdrawn,
profits capital retired, .
2,117 80
temporary expenses,
425 00
permanent expenses,
37 28
Cash on hand Oct. 31, 1899,
2,327 10

$75,344 02

$75,344 02

No. 8 .]

15

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

Amount.

Rate.

$67,050 00
30,750 00
7,600 00

6.00 per cent.
6.30
«
6.60
“

L oans on Shares .

Amount.
$600 00
600 00

Rate.

Amount.

Rate.

6.90 per cent.
7.80

$10,450 00
500 00

6.00 per cent.
6.30
“

$133
128
124
119
114
109
105
100
96
92
87
83
79
75
70
66
63
59
55
51
47
44
40
36
33
29
26
23
19
16
13
10
7
4
1

Dues paid in advance, .
Total,

•

79
90
06
32
59
97
36
84
40
00
68
42
19
05
98
96
00
10
26
48
75
08
47
90
39
93
52
16
85
59
38
22
10
03
00

Total
Value.

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
27
28
29
30
31
32
33
34
35

Shares in
Force.

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, .
Jan., 1897, .
April, 1897, .
July, 1897, .
Oct., 1897,.
Jan., 1898, .
April, 1898, .
July, 1898, .
Oct., 1898, .
Jan., 1899, .
April, 1899, .
July, 1899, .
Oct., 1899, .

Series.

Da te of
I ssue.

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

118
5
67
15
122
9
40
34
45
42
30
41
65
51
35
26
71
33
132
63
78
30
41
101
85
45
42
65
114
55
118
88
202
146
228

$15,787
644
8,312
1,789
13,979
989
4,214
3,428
4,338
3,864
2,630
3,420
5,147
3,827
2,484
1,740
4,473
1,950
7,294
3,243
3,724
1,322
1,659
3,726
2,838
1,346
1,113
1,505
2,262
912
1,578
899
1,434
588
228

22
50
02
80
98
73
40
56
00
00
40
22
35
55
30
96
00
30
32
24
50
40
27
90
15
85
84
40
90
45
84
36
20
38
00

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

18,419 29
413 00

35 00
$118,736 29

Total,

Number of shares issued during the y e a r , ................................................. 714
Number of shares now in f o r c e , ........................................................... 2,482
Number of shares now borrowed upon.....................................................
670
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year................................................. 352


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

$99,904 00

$118,736 29

16

R E P O R T O F TH E

[Pub. D oc

Number of shares retired during the year.........................................................81
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 1£ per cent.; 2d term, 1^ per cent.;
3d term, l£ per cent.; 4th term, l£ per cent.
Number of members withdrawn during the y e a r , ....................................... 53
Present number o f m e m b e r s ,...................................................................................284
Present number of borrowers,...................................................................................112
Present number of non-borrow ers,.........................................................................172
Number of loans secured by first mortgage of real estate,
.
.
.
84
Number of loans on s h a r e s , .................................................................................... 28
Largest loan to any one m e m b e r ,...............................................................................f 3,600 00
Smallest loan to any one member...................................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : February 27.


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

50 00
451 30

No. 8 .]

17

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

A T T LE B O R O U G H C O -O P E R A TIV E B A N K — A T T L E ­
BOROUGH.

Incorporated July 18, 1892.
S id n e y 0 . B i g n e y , President.

Commenced business Aug. 17, 1892.

H a r r y E . C a r p e n t e r , Secretary and Treasurer.

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 tlie third Wednesday of each month.

Balance Sheet Oct. 31, 1899.

L ia b ilit ie s .

A ssets .

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

$15,810
1,220
135
7
8

00
00
00
00
25
72
2,856 09

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

$17,620 00
1,987 65
206 14
20
28 19
36 48
152 02
6 38
$20,037 06

$20,037 06

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31,1898, .


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

$7,664
916
1
8
1,650
1,045
88
663

00
62
83
05
50
00
00
71
83

$12,038 54

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
forfeited shares,
Cash on hand Oct. 31, 1899,

$2,150
1,905
4,689
354
43
40
2,856

00
00
00
71
00
74
09

$12,038 54

18

R E PO R T OF TH E

[Pub. Doc

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Heal E state .

Amount.

Kate.

$15,460 00

6.00 per cent.

L oans on Shakes .

Amount.

Kate.

$350 00

7.00 per cent.

Amount.
$1,000 00
220 00

Rate.
5.00 per cent.
6.00
“

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

1

105
79
71
64
56
49
42
35
28
21
15
9
3

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

23
93
97
18
63
28
13
13
36
77
35
09
00

Total
Value.

1892,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

Shares in
Force.

Series.

D ate op
I ssue .

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

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

50
13

$5,261
1,039
359
2,117
3,001
1,478
294
1,721
765
631
1,089
1,545
339

6
33
53
30
7
49
27
29
71
170
113

Dues paid in advance, .
Total,

•

•

50
09
85
94
39
40
91
37
72
33
85
30
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid d u es,.

$17,620 00
1,987 65
56 00

18 00
•

•

$19,663 65

Total,

$19,663 65

Number of shares issued during the y e a r , ................................................. 347
Number of shares now in f o r c e , .....................................................................650
Number of shares now borrowed u p o n ,........................................................... 110
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the y e a r , ....................................... 242
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rates of profits distributed : 1st term, 3 per cent.; 2d term, 2£ per cent.
Number of members withdrawn during the y e a r , ....................................... 27
Present number of m e m b e r s ,.................................................................................. 104
Present number of borrowers........................................................................................21
Present number of no n -bo rro w ers,...........................................................................83
Number of loans secured by first mortgage of real estate,
.
.
.
17
Number of loans on s h a r e s , ...................................................................................... 4
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 ,...............................................................................
100 00
Amount of expenses o f the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : February 28.


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

.

63 00

No. 8 .]

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

19

B A L D W IN V IL L E C O -O P E R A TIV E B A N K — BA LD W I N V IL L E .

Incorporated July 16, 1889.

Commenced business July 24, 1889.

H . S. M o r l e y , President.

C. C. S p e a r e , Secretary and Treasurer.

Names of security committee :
E . N . M u l l in s ,
L o u is L e l a n d ,
E . L. T hom pson.

Regular meetings the fourth Wednesday of each month.

Bala n c e Sh ee t O ct.

A ssets .

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

31, 1899.

Lia b ilit ie s .

$29,575
330
64
28
10
447

00
00
11
50
00
43

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

$30,455 04

$23,362
5,327
378
24
14
354
993

00
08
94
65
69
33
35

$30,455 04

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans elimi­
nated by foreclosure,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$5,752
1,921
105
79

00
55
40
62
25
3,000 00
400
1,470
100
1,618

00
00
57
01

$14,447 40

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, . .
temporary expenses,
interest on retired shares,
interest repaid,
Cash on hand Oct. 31, 1899,

$2,200
560
3,444
5,337
452
1,873
97
33
1
447

00
00
00
00
88
71
58
30
50
43

$14,447 40

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

No. 8 .]

21

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

BE R K SH IR E C O U N T Y C O -O P E R A TIV E B A N K — NO R TH
AD AM S.

Incorporated Nov. 8, 1890.
G e o rg e H . K e a r n , President.

Commenced business N ov. 19, 1890.
C h a r l e s W . F o r d , Secretary and Treasurer.

Names of security committee :
M. R . F o r d ,

G. A . H a s t in g s ,
W . C. E l l i s .

Regular meetings the third Monday of each month.

Balance Sheet Oct. 31,1899.

A ssets .

L ia b il it ie s .

Loans on real estate,
$132,025 00
Loans on shares, .
9,665 00
Permanent expense account,.
400 70
Cash in hands of treasurer, .
8,808 13

$130,531 00
Dues capital,
Profits capital (all series), .
19,731 83
Guaranty fund, .
264 47
Surplus,
.
.
.
.
371 53

$150,898 83

$150,898 83

Detailed Statement o f Receipts and Disbursements for the Year endina
Oct. 3 1 ,1 8 9 9 .

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$42,339
7,791
700
112
9
49.200
11.200
142
4,314

00
04
52
81
25
00
00
38
97

For real estate loans, .
$71,650 00
share loans, .
13,560 00
18,001 00
dues capital withdrawn,
2,844 53
profits capital withdrawn,
889 76
temporary expenses,
56 55
permanent expenses,
8,808 13
Cash on hand Oct. 31, 1899,

$115,809 97

$115,809 97

22

[Pub. Doc.

R E P O R T O F TH E

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

L oans on R eal E state .

Amount.

Rate.

Amount.

Rate.

Amount.

$12,100 00
1,800 00

6.00 per cent.
6.30
“

$118,125 00

6.60 per cent.

$3,600 00
6,065 00

Rate.
6.00 per cent.
6.60
»

1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

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

$140
132
121
112
103
94
86
77
69
61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

26
57
73
51
47
68
13
80
71
83
17
71
44
37
51
85
38
10

105
5
35
25
121
58
110
144
235
133
190
204
245
270
480
321
463
439

Total
Value.

Shares in
Force.

Series.

D ate op
I ssue .

N ov.,
April,
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 o f Share Account with Dues and Profits Capital.

$14,727
662
4,260
2,812
12,519
5,491
9,474
11,203
16,381
8,223
10,292
9,528
9,662
8,739
12,244
6,050
5,731
2,677

30
85
55
75
87
44
30
20
85
39
30
84
80
90
80
85
94
90

Dues capital, as per gen$130,531 00
eral ledger,
Profits capital, as per
19,731 83
general ledger, .
518 00
Unpaid dues,

94 00
$150,780 83

Total,

$150,780 83

Number of shares issued during the year................................................ 1,005
Number of shares now in f o r c e , ...........................................................3,583
Number of shares now borrowed u p o n ,................................................. 1,055
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year.................................................624
Highest rate of premium or interest received on money sold during the year:
6 6-10 per cent.
Lowest rate o f premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r ,....................................... 59
Present number of m e m b e r s ,.................................................................................. 443
Present number of borrow ers,...................................................................................134
Present number of norj-borrowers............................................................................ 309
Number of loans secured by first mortgage of real estate,
.
.
.
98
Number of loans on s h a r e s , .................................................................................... 36
Largest loan to any one member.....................................................................................$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, 1899,
.
964 76
Date of examination by commissioner : April 25.


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

No. 8 .]

23

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

B E V E R L Y C O -O P E R A TIV E B A N K — B E V E R L Y .
Incorporated A u g . 25, 1888.

Commenced business Sept. 18, 1888.

G e o r g e P . B r o w n , President.

H a r r i e L . O b e r , Secretary.

C h a r l e s F . L e e , Treasurer.
Names of security committee:
G eorge P . B ro w n ,

George B u tm an,

E dm und G il e s .
Regular meetings the third Tuesday of each month.
B alance Sheet Oct.

A ssets .

31, 1899.

L iab ilit ie s .

Loans on real estate,
$147,150 00
Loans on shares, .
7,550 00
Permanent expense account,
500 00
15,938 98
Real estate by foreclosure, .
Unpaid interest,
13 87
Unpaid fines, .
.
.
.
27 38
Cash in hands of treasurer, .
4,402 17

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

$175,582 40

$147,426 00
25,035 39
420 33
50
35 70
971 94
1,590 81
101 73
$175,582 40

Detailed Statement o f Receipts and Disbursements for the Year ending
Oct. 31, 1899.

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans elimi­
nated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclos­
ure, .
.
.
.
temporary expenses, .
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$43,789
9,546
232
408
2
24,850

00
32
19
01
00
00

9,150 00
4,440 00
157 57
94
26 00

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
profits capital withdrawn,
profits capital forfeited,
temporary expenses,
forfeited shares,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$45,950
5,260
23,056
527
4,649
67
710
234
11,255
4,402

00
00
00
00
25
04
30
53
65
17

1,725 65
37 50
1,746 76
$96,111 94

$96,111 94

24

R E P O R T O F TH E

[Pub. Doc.

Total Amount o f Loans at Specified Rates o f Liierest.
L oans on B eal E sta te .

Amount.

Hate.

$113,350 00
21,000 00
8,300 00

6.00 per cent.
6.30
“
6.60
“

L oans on Shakes .

Amount.

Rate.

$2,300 00
1,900 00
300 00

Amount.

6.90 per cent.
7.20
“
7.50
“

$5,420 00
2,130 00

Rate.

6.00 per cent.
6.30
“

Dues paid in advance, .
Total,

Total
Value.

1888, .
1 $188 29
1889, .
2
176 94
1889, . 3
165 92
1890,.
4
155 22
1890, .
5
144 83
1891, .
6
134 75
1891, .
124 96
7
1892, .
8
115 46
1892, .
9
106 23
1893, . 10
97 27
1893, . 11
88 57
1894, . 12
80 13
1894, . 13
71 93
1895, . 14
63 97
1895, . 15
56 24
1896, . 16
48 74
41 46
1896, . 17
34 39
1897, . 18
1897, . 19
27 52
1898, . 20
20 85
1898, . 21
14 38
1899, . 22
8 10
1899, . 23
2 00

Shares in
Force.

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

Value per
Share.

D ate of
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

26
37
25
28
49
20
63
78
119
82
81
no
118
158
84
278
366
337
436
307
312
420
289

$4,895
6,546
4,148
4,346
7,096
2,695
7,872
9,005
12,641
7,976
7,174
8,814
8,487
10,107
4,724
13,549
15,174
11,589
11,998
6,400
4,486
3,402
578

54
78
00
16
67
00
48
88
37
14
17
30
74
26
16
72
36
43
72
95
56
00
00

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

$147,426 00
25,035 39
1,539 00

289 00
$174,000 39

Total,

$174,000 39

Number of shares issued during the y e a r , ................................................. 840
Number of shares now in f o r c e , ...........................................................3,823
Number of shares now borrowed u p o n ,...........................................................989
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year................................................. 612
Number of shares forfeited during the y e a r , ................................................. 49
Highest rate of premium or interest received on money sold during the y ea r:
7 8-10 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r ,........................................98
Present number of m e m b e r s ,.................................................................................. 596
Present number of borrowers,.................................................................................. 139
Present number of non-borrow ers,........................................................................ 457
Number of loans secured by first mortgage of real estate,
.
.
. 133
Number of loans on shares............................................................................................32
Largest loan to any one member,
...............................................................................$4,000 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, 1899, .
672 80
Date o f examination by commissioner : January 13.


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

No. 8 .]

25

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

BOSTON C O -O P E R A T IV E B A N K — BOSTON.
Incorporated April 30, 1888.
E u g e n e M . S m it h , President.

Commenced business M ay 2, 1888.

G e o r g e T . B osson , Secretary and Treasurer.

Names of security committee:
G e o r g e T . B osson ,
H e n r y M . Sa n d e r s ,
E u g e n e M . Sm i t h .
Regular meetings the first Monday o f each month.
B a l a n c e Sh e e t O c t.

31, 1899.

L ia b il it ie s .

A ssets . .

$318,290 00
Loans on real estate,
15,500 00
Loans on shares, .
96 44
Permanent expense account,
14,250 52
Real estate by foreclosure,
4,887 94
Unpaid interest,
384 86
Unpaid premiums,
421 31
Unpaid fines, .
.
.
.
13,700 00
Mortgages,
.
.
.
.
28,716
87
Cash in hands of treasurer, .

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

.

$330,889 00
60,702 24
10
1,648 63
2,872 04
45 93
90 00

$396,247 94

$396,247 94

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

D isbursements .

R eceipts .

$109,349 00
From dues capital,
19,306 52
interest,
1,368 06
premiums, .
fines,
.
.
.
.
971 11
3 25
transfer fees,
71,640 00
real estate loans repaid,
real estate loans elimi12,500 00
nated by foreclosure,
10,695 00
share loans repaid,
616 23
withdrawal profits,
29 37
forfeiture profits,.
921 11
forfeited shares, .
1,600 00
mortgages, .
real estate by foreclos14,025 68
ure, .
.
.
.
90 00
personal account,
Cash on hand Oct. 31, 1898, .
17,107 21


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

$260,222 54

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
dues capital retired,
profits capital withdrawn,
profits capital forfeited,
profits capital retired, .
temporaiy expenses,
interest on retired shares,
forfeited shares,
interest repaid,
guaranty fund,
mortgages,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$119,090
17,210
32,479
854
28,592
3,902
117
8,632
2,328
144
998
34
205
2,200
14,716
28,716

00
00
00
00
00
80
48
71
24
95
11
48
84
00
06
87

$260,222 54

26

[Pub. Doc.

R E P O R T O F TH E

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Shakes .

L oans on R eal E state .

Amount.
$8,200
234,165
34,775
9,200

00
00
00
00

Rate.

$10,200
12,950
8,200
600

6.00 per cent.
6 .3 0
“
6.60
“
6.90
“

00
00
00
00

Rate.

Amount.

Rate

Amount.

7 .20 per cent.
7.50
»
8.10
“
9.30

$15,050
150
200
100

00
00
00
00

6 .3 0 per cent.
6.60
“
6 .90
“
8.10
“

$194
182
170
158
147
136
126
116
106
97
88
79
70
62
54
47
39
32
25
18
12
6

Dues paid in advance, .
Total,

98
55
57
99
81
98
50
44
68
24
14
35
86
65
71
06
65
49
58
87
39
10

76
59
67
126
24
74
86
122
104
84
101
383
511
392
501
665
697
864
1,060
873
1,252
1,268

•

Total
Value.

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

Shares in
Force

N ov., 1888, .
M ay, 1889, .
N ov., 1889, .
M ay, 1890, .
N ov., 1890, .
M ay, 1891, .
N ov., 1891, .
M ay, 1892, .
N ov., 1892, .
M ay, 1893, .
N ov ., 1893, .
May, 1894, .
N ov., 1894, .
M ay, 1895, .
N ov., 1895, .
M ay, 1896, .
N ov., 1896, .
May, 1897, .
N ov ., 1897, .
M ay, 1898, .
N ov., 1898, .
M ay, 1899, .

Value per
Share.

D ate of
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$14,818
10,770
11,428
20,032
3,547
10,136
10,879
14,205
11,094
8,168
8,902
30,391
36,209
24,558
27 409
31,294
27,636
28,071
27,114
16,473
15,512
7,734

48
45
19
74
44
52
00
68
72
16
14
05
46
80
71
90
05
36
80
51
28
80

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

60,702 24
5,535 00

736 00
$397,126 24

Total,

Number of shares issued during the y e a r , ....................................... 2,765
Number of shares now in f o r c e , ...........................................................9,389
Number of shares now borrowed u p o n ,................................................. 2,159
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year,
.
.
.
.
1,336
Number of shares forfeited during the y e a r , ................................................. 50
Number of shares retired during the y e a r , ................................................. 336
Highest rate of premium or interest received on money sold during the year:
35 cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Rate of profits distributed: 1st term, 3J per cent.; 2d term, 3^ per cent.
Number of members withdrawn during the year............................................ 138
Present number o f m e m b e r s ,.................................................................................. 990
Present number of borrow ers,.................................................................................. 191
Present number of non-borrow ers,........................................................................ 799
Number of loans secured by first mortgage of real estate,
.
.
. 136
Number of loans on s h a r e s , .....................................................................................55
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, 1899,
Date of examination by commissioner, April 17.


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

$330,889 00

$397,126 24

$5,000 00
50 00
2,328 24

No. 8 .]

27

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

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.
J a m e s T . S t e v e n s , President.

Commenced business Oct. 15, 1889.

C h a u l e s B. C u m m in g s , Secretary and Treasurer.

Names of security committee:
Ja m e s T . S t e v e n s ,
A nsel 0 . Cl a r k ,
T . H a v e n D e a r in g .
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 ilit ie s .

A ssets .

Loans on real estate,
Loans on shares, .
Permanent expense account, .
Temporary expense account,
Taxes and water rates, .
Cash in hands of treasurer, .

31, 1899.

$42,800
5,495
40
9
80
1,915

00
00
00
25
43
29

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

$39,610
8,967
613
28
11
59
30
187
803
9
18

00
31
97
50
92
01
32
95
63
14
22

$50,339 97

$50,339 97

Detailed Statement o f Receipts and Disbursements fo r the Tear ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues apital,
- interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits, .
real estate by foreclosure,
Cash on hand Oct. 31, 1898, .


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

$9,009
2,813
142
172

00
97
90
80
25
11,600 00
2,000
2,265
155
30
1,467
1,498

00
00
70
32
02
42

$31,155 38

$10,700 00
For real estate loans, .
3,215 00
share loans, .
dues capital withdrawn,
4,991 00
590 00
dues capital forfeited, .
dues capital retired,
3,447 00
864 39
profits capital withdrawn,
121 30
profits capital forfeited,
1,089 00
profits capital retired, .
temporary expenses,
344 25
50 00
permanent expenses,
161 80
interest on retired shares,
suspense account, .
6 10
2,112 80
retired share account, .
80 43
taxes, etc., paid, .
real estate by foreclosure,
1,467 02
1,915 29
Cash on hand Oct. 31, 1899,
$31,155 38

28

R E P O E T O F TH E

[Pub. Doc

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

Amount.

Rate.

$42,400 00

6.30 per cent.

L oans on Shakes .

Amount.

$400 00

Rate.

Amount.

Rate.

6.60 per cent.

$5,495 00

6.30 per cent.

1 $161 79
2
158 24
3
147 85
4
137 77
5
127 96
118 46
6
109 23
7
8
100 27
9
91 57
10
83 13
11
74 93
12
66 97
13
59 24
14
51 74
44 46
15
16
37 39
30 52
17
18
23 85
19
17 38
20
11 10
21
5 00

Dues paid in advance, .
Total,

•

•

Total
Value.

1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894,.
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

Shares In
Force.

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

Series.

Date of
Issue.

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

78
24
27
23
20
38
13
5
21
11
19
8
11
50
48
51
19
79
71
68
67

$12,619
3,797
3,991
3,168
2,559
4,501
1,419
501
1,922
914
1,423
535
651
2,587
2,134
1,906
579
1,884
1,233
754
335

62
76
95
71
20
48
99
35
97
43
67
76
64
00
08
89
88
15
98
80
00

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

$39,610 00
8,967 31
852 00

5 00
$49,429 31

Total,

$49,429 31

Number of shares issued during the y e a r , ................................................. 139
Number of shares now in f o r c e , .....................................................................751
Number o f shares now borrowed upon.............................................................. 352
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the y e a r , ....................................... 127
Number o f shares forfeited during the y e a r , ................................................. 10
Number of shares retired during the y e a r , ................................................. 30
Highest rate of premium or interest received on money sold during the y e a r:
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
6 3-10 per cent
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r ,....................................... 13
Present number o f m e m b e r s ,.................................................................................. 117
Present number of borrowers,.................................................................................... 51
Present number of non-borrow ers,...........................................................................66
Number of loans secured by first mortgage o f real estate,
.
.
.
42
Number of loans on s h a r e s , .................................................................................... 22
Largest loan to any one member.....................................................................................$3,600 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, 1899, .
354 25
Date o f examination by commissioner ; September 5.


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

No. 8 .]

29

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

B R O O K LIN E C O -O P E R A TIV E B A N K -B R O O K L I N E .

Incorporated March 13, 1895.
N a t h a n i e l C o n a n t , President.

Commenced business M ay 2, 1895.

A r t h u r H . M in e r , Secretary and Treasurer.

Names of security committee:
G eorge F. B oyn ton ,
A rth u r H . B a il e y ,
E . A . R obart,
W . S. K e m p ,
M . J. O’ H e a r n .

Regular meetings the first Thursday o f each month.

B a l a n c e Sh e e t

L ia b il it ie s .

A sse ts.

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

Oct. 31, 1899.

$59,030
3,535
300
342
17
42
3,861

80
00
00
11
49
58
82

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

$60,184
6,675
125
144

00
91
00
89

$67,129 80

$67,129 80

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

R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$21,783
3,522
176
241
2
8,900
4,905
70
1,105

00
77
58
78
00
00
00
49
77

For real estate loans, .
$26,580 80
share loans, .
5,620 00
dues capital withdrawn,
3,417 00
profits capital withdrawn,
283 32
temporary expenses,
157 40
permanent expenses,
100 00
suspense account, .
687 05
Cash on hand Oct. 31, 1899,
3,861 82

$40,707 39

$40,707 39

30

R E P O R T O F TH E

[Pub. D oc.

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Heal E state .

Amount.

Kate.

Amount.

$59,030 80

6.30 per cent.

-

L oans on Shares .

Kate.

-

Amount.

Rate.

$3,535 00

6.30 per cent.

1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

.
.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8
9

$61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

74
19
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 ssue.

Value per
Share.

|Series.

Reconciliation o f Share Account with Dues and Profits Capital.

373
267
133
181
177
168
73
308
220

$23,029
14,468
6,216
7,142
5,733
4,287
1,376
3,813
1,342

02
73
42
26
03
36
05
04
00

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

$60,184 00
6,675 91
726 00

178 00
$67,585 91

Total,

$67,585 91

Number of shares issued during the y e a r , ................................................. 565
Number of shares now in f o r c e , ...........................................................1,900
Number of shares now borrowed u p o n ,...........................................................445
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the y e a r , ....................................... 158
Highest rate of premium or interest received on money sold during the year:
5 cents premium.
Lowest rate of premium or interest received on money sold during the year:
5 cents premium.
22
227
188
24


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

.

O
o

Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner: October 27.

17
ia

Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
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-borrow ers,...........................................................
.
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 ,...........................................................

00

10 00
172 40

No. 8 .]

31

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

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

ufu s

R. W

ade,

Commenced business Sept. 12, 1877.

President.
J o h n H . P o n c e , Secretary.
J o h n L o u g h r e y , Treasurer.
Names of security committee:

G eorge S. K e e l e r ,

N ath an W . Sh u m w at,
John L o u g h r e y .

Regular meetings the second Wednesday in 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, .
.
.
.
Unpaid dues, .
.
.
.
Cash in hands of treasurer, .

31, 1899.

L ia b ilit ie s .

$36,000
3,460
7
458
45
50
578
4,631

00
00
76
00
49
90
00
82

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

.

$45,231 97

$33,656
7,183
240
9
4,104
38

00
73
37
66
00
21

$45,231 97

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

R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
real estate loans repaid,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
sundry balances, .
matured share account,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$7,454
2,289
208
68
5,300

00
40
79
98
00

1,200
450
189
9
4,104
4,736

00
00
45
26
00
28

$26,010 16

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,
permanent expenses,
interest on retired shares,
interest on m a t u r e d
shares,
sundry balances, .
Cash on hand Oct. 31, 1899,

$8,200
1,450
2,580
1,810
3,976
569
608
1,772
349
6
51

00
00
00
00
00
08
50
33
49
50
87

3 39
1 18
4,631 82
$26,010 16

32

R E P O R T O F TH E

[Pub. D oc.

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Shakes .

L oans on R eal E state .

Amount.

Rate.

$13,000 00
21,900 00

6.30 per cent.
6.60
“

Rate.

Amount.

Rate.

6.90 per cent.

$1,130 00
2,330 00

6.30 per cent.
6.60
«

Amount.
$1,100 00

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59

Suspense profits, .
Total,

$181
170
159
149
138
128
119
109
100
91
83
74
66
61
53
46
39
32
25
18
12
6

89
71
86
28
87
80
13
67
57
70
11
79
67
44
79
38
16
16
38
77
35
09

Total
Value.

Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
Julv,
Jan.,
July,
Jan.,
May,
N ov.,
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 o f Share Account with Dues and Profits Capital.

5
6
5
17
18
31
46
36
36
5
20
5
66
15
43
10
40
33
49
25
56
61

$909
1,024
799
2,537
2,499
3,992
5,479
3,948
3,620
458
1,662
373
4,400
921
2,312
463
1,566
1,061
1,243
469
691
371

45
26
30
76
66
80
98
12
52
50
20
95
22
60
97
80
40
28
62
25
60
49

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

7,183 73

31 00
$40,839 73

Total,

N umber of shares issued during the y e a r , ................................................. 117
Number of shares now in f o r c e , .....................................................................648
Number of shares now borrowed u p o n , .......................................................... 252
Largest number of shares field by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 61
Number of shares retired during the y e a r , ................................................. 15
Number of shares matured during the y e a r , ................................................. 28
Highest rate of premium or interest received on money sold during the year:
10 cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Rate of profits distributed: 1st term, 2| per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 12
Present number of m e m b e r s ,.................................................................................... 92
Present number of borrow ers,....................................................................................34
Present number of non-borrowers, .
.
.
.
.
.
.
.
58
Number of loans secured by first mortgage of real estate,
.
.
.
31
Number of loans on s h a r e s , .................................................................................... 25
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, 1899,
.
Date of examination by commissioner : December 22.


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

$33,656 00

$40,839 73

$3,000 00
30 00
352 49

No. 8 .]

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

33

CAM PELLO C O -O P E R A TIV E B A N K — BROCKTON.
Incorporated Oct. 3, 1877.
P r e st o n B . K

e it h ,

President.

Commenced business Oct. 8, 1877.

W a r r e n T. C o p e l a n d , Secretary and Treasurer.

Names of security committee:
John A . H o w a r d ,
N athan H . W

F red R . H a y w a r d ,
ash bu rn .

Regular meetings the second Monday of each month.
B alan ce Sh ee t O ct.

A ssets .

31,1899.

L ia b ilit ie s .

Loans on real estate,
$292,800 00
Loans on shares, .
2,750 00
220 00
Permanent expense account,
Temporary expense account,
138 48
Real estate by foreclosure, .
63,030 04
Unpaid interest,
2,893 75
Unpaid premiums,
180 44
Unpaid fines, .
.
.
.
239 78
Mortgages,
.
.
.
.
3,900 00
Taxes, insurance, repairs, etc.,
864 86
Cash in hands of treasurer, .
3,731 88

Dues capital,
Profits capital (all series), '.
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , ........................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
R e n t s ,........................................

$370,749 23

$320,982
36,697
1,947
126
88

00
78
12
08
78
75
52
00
72
61
87

293
1,900
8,407
114
190

$370,749 23

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
R ece ipts .

From dues capital,
interest,
premiums, .
fines, .
transfer fees,
real estate loans repaid,
real estate loans elimi­
nated by foreclosure
and quit-claims,
real estate loans elimi­
nated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
rents...................................
real estate by foreclos­
ure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$127,833
18,540
1,197
765
7
54,750

00
36
46
78
00
00

8,300 00
5,800
7,750
1,191
17
533
1,456

00
00
32
15
65
92

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,
forfeited shares, .
interest on retired shares,
quit-claims, .
taxes, insurance, repairs,
etc., .
.
.
.
Cash on hand Oct. 31, 1899,

$51,350
4,350
59,471
485
75,179
3,984
4,785
68
12,104
1,918
1,740
519
715
8,379

00
00
00
00
00
00
45
95
37
77
36
40
94
84

1,339 50
3,731 88

197 50
1,783 32
$230,123 46

$230,123 46

34

R E P O R T O F TH E

[Pub. Doc.

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E sta te .

L oans on Shares .

Amount.

Rate.

Amount.

Rate.

$279,800 00

6.30 per cent.

$13,000 00

7.50 per cent.

Amount.

$2,750 00

Rate.

6.30 per cent.

$192
180
168
156
145
134
124
114
104
95
86
78
69
61
54
46
39
32
26
19
13
7
1

Dues paid in advance, .
Total,

•

75
23
19
59
41
62
28
34
77
53
66
12
87
93
27
89
77
86
16
66
31
09
00

.

Total
Value.

15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

Shares in
Force.

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, .
April, 1897, .
Oct., 1897,.
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D ate of
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

5
13
10
43
23
53
19
44
22
64
24
34
832
1,025
904
673
662
812
866
873
879
1,411
1,130

$963
2,342
1,681
6,733
3,344
7,134
2,361
5,030
2,304
6,113
2,079
2,656
58,131
63,478
49,060
31,556
26,327
26,682
22,654
17,163
11,699
10,003
1,130

75
99
90
37
43
86
32
96
94
92
84
08
84
25
08
97
74
32
56
18
49
99
00

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

36,697 78
3,447 00

490 00
$361,126 78

Total,

Number of shares issued during the year,
2,961
Number of shares now in force......................................
10,421
Number of shares now borrowed upon, .
1,587
Largest number of shares held by any one member,
.
25
Number o f shares withdrawn during the year,
2,514
Number of shares forfeited during the year, .
. 20
Number of shares retired during the year,
1,163
Number of shares matured during the year......................................................
29
Highest rate of premium or interest received on money sold during the year
5 cents premium.
Lowest rate of premium or interest received on money sold during the year
5 cents premium.
Rate of profits distributed : 1st term, 2 per cent. ; 2d term, 2£ per cent
Number of members withdrawn during the year, .
279
Present number o f m e m b e r s ,.................................................
1,160
Present number of borrowers,.......................................
221
Present number of non-borrow ers,.......................................
939
Number of loans secured by first mortgage of real estate
210
Number of loans on shares.........................................................
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. 3*1, 1899,
Date of examination by commissioner : March 7.


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

$320,982 00

$361,126 78

$5,000 00
50 00
1,750 36

No. 8 .]

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

35

C A N TO N C O -O P E R A TIV E B A N K — CA N T O N .

Incorporated Jan. 10,1891.
J ohn E v e r e t t , President.

Commenced business Feb. 10,1891.

J o se p h W . W

attle s,

Jr., Secretary and Treasurer.

Names of security committee:
C h ar les G a l l ig a n ,
J o se p h W . W
W il l i a m W . B r o o k s .

attles,

Regular meetings the second Tuesday of each month.

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

31, 1899.

L ia b ilit ie s .

A ssets .

$101,600 00
Loans on real estate,
3,170 00
Loans on shares, .
101 50
Temporary expense account,
442 25
Unpaid interest,
26 20
Unpaid premiums,
59 11
Unpaid fines, .
.
.
.
4,513 25
Cash in hands of treasurer, .

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

$89,321
16,163
1,534
86
42
24
710
2,030

00
40
30
70
47
24
00
20

$109,912 31

$109,912 31

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans elimi­
nated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
Cash on hand Oct. 31, 1898, .


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

$28,066
6,240
350
177

00
68
60
12
25
20,400 00
2,600
3,570
534
57
3,221

00
00
94
23
77

$65,218 59

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,
interest on retired shares,
Cash on hand Oct. 3 1 1899,.

,

$25,500
3,710
13,365
874
11,164
2,138
228
3,118
479
127
4,513

00
00
00
00
00
24
75
20
95
20
25

$65,218 59

36

[Pub. Doc,

R E P O R T O F TH E

Total Amount o f Loans at Specified Bates o f Interest.
L oans on R eal E state .

Amount.

Rate.

$4,900 00
87,750 00
6,650 00

6.00 per cent.
6.30
6.60
“

L oans on Shares .

Amount.

Rate.

$2,100 00
200 00

Rate.

Amount.

6.90 per cent.
7.80
“

$1,000 00
2,170 00

6.00 per cent.
6.30

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

1891, .
1891,.
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897,.
1897, .
1898, .
1898, .
1899, .
1899, .

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

$138
128
118
109
99
90
82
73
65
57
50
42
35
28
21
15
9
3

Dues paid in advance, .
Total,

•

83
62
73
16
91
94
25
83
69
80
16
76
59
65
93
42
11
00

126
83
82
60
37
38
60
42
90
80
86107
214
156
374
190
329
290

Total
Value.

Shares in
Force.

Series.

D ate of
I ssue .

Value per
Share.

Beconciliation o f Share Account with Dues and Profits Capital.

$17,492
10,675
9,735
6,549
3,696
3,455
4,935
3,100
5,912
4,624
4,313
4,575
7,616
4,469
8,201
2,929
2,997
870

58
46
86
60
67
72
00
86
10
00
76
32
26
40
82
80
19
00

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

$89,321 00
16,163 40
784 00

117 00
$106,268 40

Total,

$106,268 40

Number of shares issued during the y e a r , ................................................. 730
Number of shares now in f o r c e , ...........................................................2,444
Number of shares now borrowed u p o n ,...........................................................657
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ....................................... 426
Number o f shares forfeited during the y e a r , ................................................. 13
Number of shares retired during the y e a r , ................................................. 120
Highest rate of premium or interest received on money sold during the y e a r:
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 3J per cent.; 2d term 3^ per cent.
Number of members withdrawn during the y e a r , ....................................... 57
Present number of m e m b e r s ,.................................................................................. 299
Present number of borrow ers,.................................................................................... 91
Present number of n on-borrow ers,........................................................................ 208
Number of loans secured by first mortgage of real estate,
.
.
.
99
Number of loans on s h a r e s , .................................................................................... 13
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 of expenses of the corporation for the year ending Oct. 31, 1899,
.
479 95
Date of examination by commissioner : January 6»


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

No. 8 .]

37

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

C IT IZ E N S ’ C O -O P E R A TIV E B A N K — H A V E R H IL L .
Incorporated Aug. 22, 1887.
G e o r g e H . C a r l e t o n , President.

Commenced business Sept. 12, 1887.
J a m e s W . G o o d w in , Secretary and Treasurer.

Names of security committee:
J o sh u a M . S t o v e r ,
P h i l i p C. S w e t t ,
G e o r g e M . G o o d w in .

Regular meetings the second Monday of each month.

B alance Sheet O ct.

A ssets .

31, 1899,

L ia b il it ie s .

Loans on real estate,
$137,688 30
Loans on shares, .
3,000 00
Temporary expense account,
20 00
Real estate by foreclosure, .
522 90
Unpaid fines, .
.
.
.
32 82
Cash in hands of treasurer, .
4,624 77

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

.

$145,888 79

$121,699
21,099
51
93
60
650
1,223
411
600

00
90
72
03
40
00
64
10
00

$145,888 79

Detailed Statement o f Receipts and Disbursements for the Year ending
Oct. 31, 1 8 9 9 .
R eceipts .

From dues capital,
interest,
fines,
.
.
.
.
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
real estate by foreclosure,
bond account,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$35,082
8,363
141
33,435

00
93
16
15

1,376
4,665
320
177

01
00
14
82

1,376 01
2,105 00
2,159 88
$89,202 10

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
profits capital withdrawn,
profits capital forfeited,
temporary expenses,
real estate by foreclosure,
bond account,
surplus account, .
.
Cash on hand Oct. 31, 1899,

$49,163
3,805
22,665
54
3,652
2
1,515
1,389
2,107
221
4,624

84
00
00
00
26
87
00
98
50
88
77

$89,202 10

38

[Pub. D oc

R E P O R T O F TH E

Total Amount o f Loans at Specified Bates o f Interest.
L oans on Shares .

L oans on R eal E state .

Amount.

Rate.

$28,625 00

Amount.

5 per cent.

Amount.

Rate.

$109,063 30

$1,375 00
1,625 00

6 per cent.

Rate.
5 per cent.
6
“

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

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

$177
167
158
148
139
129
120
111
103
94
86
78
70
62
54
47
40
33
26
19
13
7
1

71
77
01
43
03
81
77
91
23
73
41
27
31
54
96
57
36
33
49
84
38
10
00

Dues paid in advance, .
Total,

Total
Value.

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,
April, 1897,
Oct., 1897,
April, 1898,
Oct., 1898,
April, 1899,
Oct., 1899,

Shares in
Force.

D ate of
I ss u e .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

74
14
13
35
45
76
78
66
52
55
65
79
52
111
154
254
181
239
373
95
365
323
200

$13,150
2,348
2,054
5,195
6,256
9,865
9,420
7,386
5,367
5,210
5,616
6,183
3,656
6,941
8,463
12,082
7,305
7,965
9,880
1,884
4,883
2,293
200

54
78
13
05
35
56
06
06
96
15
65
33
12
94
84
78
16
87
77
80
70
30
00

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

$121,699 00
21,099 90
1,041 00

/

227 00
•

• $143,839 90

Total,

$143,839 90

Number of shares issued during the y e a r , ................................................. 766
Number of shares now in f o r c e , ................................................. .........
2,999
Number of shares now borrowed u p o n ,.......................................................... 976
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 670
Number of shares forfeited during the y e a r , ................................................. 7
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
»
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r ,....................................... 85
Present number of members....................................................................................... 353
Present number of borrowers,...................................................................................109
Present number of non-borrowers,......................................................................... 244
Number of loans secured by first mortgage of real estate,
.
.
.
94
Number o f loans on s h a r e s , ..................................................................................... 15
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. 31,1899, .
1,515 00
Date of examination by commissioner: July 7.


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

No. 8 .]

SA V IN G S

B A N K COM M ISSIONEKS

39

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

Incorporated July 16, 1889.
D a n ie l P rotjlx , President.

Commenced business July 23, 1889.

P i e r r e B o n v o u l o ir , Secretary and Treasurer.

Names of security committee :
J o h n St . J o h n ,

A . F . G in g r a s ,
V

al

M o q u in .

Regular meetings the fourth Tuesday of each month.

Ba l a n c e S h e e t O c t .

L ia b il it ie s .

ASSET8.

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

31, 1899.

$64,175
16,275
200
204
87
14
726

00
00
00
41
01
12
31

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

$64,715
13,190
1,732
43
138
550
1,298
12

00
76
99
33
75
90
00
12
00

$81,681 85

$81,681 85

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
security committee,
Cash on hand Oct. 31, 1898, .


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

$18,537 00
4,689 11
128 94
22,450
8,450
338
39
2,975

00
00
45
00
37

$57,610 12

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
Cash on hand Oct. 31,1899, .

$29,950
10,450
13,373
2,238
651
220
726

00
00
00
61
25
95
31

$57,610 12

40

R E P O R T O F TH E

[Pub. D oc

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E sta te .

Amount.

Rate.

$64,175 00

6.0 0 per cent.

L oans on Shares .

Amount

Rate.

-

-

Amount.

Rate.

$16,275 00

6.00 per cent.

$167
156
146
136
126
117
107
98
90
81
73
65
58
50
46
43
36
29
22
16
10
4

Dues paid in advance, .
Total,

•

38
71
37
31
55
08
88
96
28
86
69
76
06
58
76
21
27
43
79
34
08
00

Total
Value.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

Shares in
Force.

July, 1889, .
Jan., 1890, .
July, 1890, .
Jan., 1891, .
July, 1891, .
Jan., 1892, .
July, 1892, .
Jan., 1893, .
July, 1893, .
Jan., 1894, .
July, 1894, .
Jan., 1895,.
July, 1895, .
Jan., 1896, .
April, 1896,.
July, 1896, .
Jan., 1897, .
July, 1897, .
Jan., 1898, .
July, 1898, .
Jan., 1899, .
July, 1899, .

Value per
Share.

D ate oe
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

78
29
5
120
26
21
13
82
23
5
23
26
43
126
9
16
20
79
134
62
385
331

$13,055
4,544
731
16,357
3,290
2,458
1,402
8,114
2,076
409
1,694
1,709
2,496
6,373
420
691
725
2,324
3,053
1,013
3,880
1,324

64
59
85
20
30
68
44
72
44
30
87
76
58
08
84
36
40
97
86
08
80
00

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

13,190 76
289 00

45 00
$78,194 76

Total,

Number of shares issued during the year,
794
Number of shares now in f o r c e , .......................................
1,656
Number of shares now borrowed upon, .
.
.
.
614
Largest number of shares held by any one member,
25
Number o f shares withdrawn during the year,
.
.
404
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 58
Present number of m e m b e r s ,.................................................
268
Present number of borrow ers,.................................................
98
Present number of non-borrow ers,.......................................
170
Number of loans secured by first mortgage of real estate,
69
Number of loans on s h a r e s , .................................................
68
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, 1899,
Date of examination by commissioner : May 17.


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

$64,715 00

$78,194 76

$4,200 00
25 00
672 20

No. 8 .]

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

41

C L IN T O N CO--O P E R A T IV E B A N K — C L IN T O N .
Incorporated Sept. 23, 18S7D a n ie l

B.

Commenced business Oct. 20, 1887.

I n g a l l s , President.

W a l t e r R . D a m e , Secretary.
T h o m a s S. D a v i s , Treasurer.
Names of security committee :

G e o r g e P. F r e n c h ,

C h a s. L. S teven s,
H en ry I. Ch e n e y .

Regular meetings the third Thursday of each month.
B a l a n c e Sh e e t O c t .

A ssets .

31, 1899.

L ia b il it ie s .

Loans on real estate,
$180,660 00
Loans on shares, .
3,225 00
Permanent expense account,
150 00
Temporary expense account,
76 71
Real estate by foreclosure, .
4,245 27
Unpaid interest,
1,224 29
Cash in hands of treasurer, .
8,221 35
J

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

$197,802 62

$163,002
30,650
1,185
51
61
893
1,943
5
9

00
72
89
35
25
08
18
41
74
00

$197,802 62

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
security committee,
real estate by foreclosure..................................
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$47,639
11,555
477
3
33,900

00
07
80
75
00

3,100
14,150
342
64

00
00
35
50

176 00
5,967 10
$117,375 57

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,
interest on m a t u r e d
shares,
security committee,
real estate by foreclosure,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$41,635
9,740
23,714
16,890
5,622
3,289
4,665
2,348
780

00
00
00
00
00
25
45
40
97

72
64
331
8,221

80
50
85
35

$117,375 57

42

[Pub. D oc.

R E P O R T O F TH E

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Shakes .

L oans on R eal E state .

Amount.
$169,985 00
3,625 00
4,250 00

Amount.

Rate.
6 per cent.
6J
“
6i
“

$150 00
2,650 00

Rate.

Amount.

Rate.
6| per cent.
6|
“

$3,225 00

6 per cent.

$197
185
174
163
152
142
132
122
113
104
95
86
78
70
62
54
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

31
52
60
51
52
42
32
92
65
100
116
41
122
166
146
219
195
256
330
444
278
304
585
426

11
43
13
17
58
31
34
65
24
13
26
63
31
24
39
77
38
20
23
42
81
36
10
00
.

Total
Value.

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Shares in
Force.

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, .
April, 1897, .
Oct., 1897, .
April, 1898,.
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D ate of
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$6,110
9,642
10,447
8,321
7,934
5,977
4,234
11,283
7,360
10,413
11,050
3,551
9,553
11,659
9,108
11,994
9,239
10,291
10,965
11,730
5,507
4,061
4,153
426

41
36
80
67
16
02
88
80
60
00
16
83
82
84
94
63
10
20
90
48
18
44
50
00

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

$163,002 00
30,650 72
1,478 00

111 00
$195,130 72

Total,

$195,130 72

Number of shares issued during the y e a r , ....................................... 1,190
Number of shares now in f o r c e , ...........................................................4,205
Number of shares now borrowed u p o n ,................................................. 1,067
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 685
Number of shares retired during the year......................................................... 182
Number of shares matured during the y e a r , ................................................. 40
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the year:
6 per cent.
Rate of profits distributed : 1st term, 2| per cent.; 2d term, 2\ per cent.
Number o f members withdrawn during the year............................................103
Present number of m e m b e r s ,.................................................................................. 568
Present number of borrowers,.................................................................................. 155
Present number of non-borrow ers,.........................................................................413
Number of loans secured by first mortgage of real estate,
.
.
. 153
Number o f loans on s h a r e s , .................................................................................... 23
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. 31,1899,
.
780 97
Date of examination by commissioner : March 13.


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

No. 8 .]

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

43

C O LU M BIAN C O -O P E R A T IV E B A N K — CAM BR ID G EPO R T.

Incorporated May 6 , 1892.
A l f r e d L . B a r b o u r , President.

Commenced business June 6 , 1892.
H e r b e r t H . D y e r , Secretary and Treasurer.

Names of security committee :
Ch arles H . M ontague,
J a m e s A . D ow ,
I sa a c S. P e a r .

L evi H aw k es,
D ana W . H y d e,

Regular meetings the first Monday of each month.

Balance S heet Oct.

L ia b ilit ie s .

A ssets .

Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fim-s................................
Mortgages,
.
.
.
.
Cash in hands of treasurer, .

31, 1899.

$82,012
5,480
2,911
706
18
70
3,142
7,649

04
00
40
04
10
19
95
40

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

$88,545
12,562
229
574
77

00
66
72
97
77

$101,990 12

$101,990 12

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
Cash on hand Oct. 31,1898, .


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

$29,449
5,498
103
200
13,300
3,235
537
43
5,444

00
91
59
50
75
00
00
85
03
14

$57,812 77

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,
profit and loss,
Cash on hand Oct. 31, 1899,

$17,300
5,110
15,985
772
6,706
2,152
172
1,429
496
39
7,649

00
00
00
00
00
52
38
48
77
22
40

$57,812 77

44

R E P O R T OF TH E

[Pub. D oc

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E sta te .

L oans on Shares .

Amount.

Rate.

$21,800 00
32,500 00

5.00 per cent.
6 .0 0
»

$27,212 04
500 00

6.30 per cent.
6.90
“

Amount.
m

Rate.

'to'to
O CO
o o
o o
o o

Amount.

Rate.
5.00 per cent.
6 .0 0
“

1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

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

$109
100
92
83
75
67
59
52
44
37
30
24
17
12
6

Dues paid in advance, .
Total,

65
84
26
77
59
60
83
29
95
83
91
16
63
32
09

Total
Value.

June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec ,
June,
Dec ,
June,
D ec.,
June,
N ov.,
M ay,

Shares in
Force.

D ate of
I ssue .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

219
97
90
33
65
37
138
100
105
183
275
214
394
172
306

$24,013
9,781
8,303
2,764
4,913
2,501
8,256
5,229
4,719
6,922
8,500
5,170
6,946
2,119
1,863

35
48
40
41
35
20
54
00
75
89
25
24
22
04
54

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

$88,545 00
12,562 66
1,111 00

214 00
$102,218 66

Total,

$102,218 66

Number o f shares issued during the year.......................................................... 510
Number of shares now in f o r c e , ...........................................................2,428
Number of shares now borrowed u p o n ,...........................................................624
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 428
Number of shares forfeited during the y e a r , ................................................. 13
Number of shares retired during the y e a r , ................................................. 74
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed : 1st term, 2\ per cent.; 2d term, 2£ per cent.
Number o f members withdrawn during the year, .
.
.
.
.
37
Present number of m e m b e r s ,.................................................................................. 312
Present number of borrow ers,.....................................................................................55
Present number o f non-borrow ers,.........................................................................257
Number of loans secured by first mortgage of real estate,
.
.
.
39
Number of loans on shares............................................................................................21
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 o f the corporation for the year ending Oct. 31, 1899,
Date 9f examination by commissioner : July 28.


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

.

$5,000 00

20 00
550 14

No. 8 .]

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

45

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. 22, 1892.
S a m u e l L. S a w y e r , President.

Commenced business Aug. 29, 1892.
A l b e r t G. A l l e n , Secretary and Treasurer.

Names of security committee:
H enry N e w h a ll,
J o se p h W . W

J. F r a n k P o r t e r ,
oodm an.

Regular meetings the last Monday 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,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31, 1899.

Lia b ilit ie s .

$58,650
3,185
115
169
6,755
266
17
25
1,329

00
00
00
29
17
80
75
10
42

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

$70,513 53

$59,517
9,417
711
40
19

00
00
00
57
59
25
37 82
200 00
570 30

$70,513 53

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,
real estate by foreclosure, .
.
.
.
sale of safe, .
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$16,845
3,482
205
126

00
28
06
33
50
4,850 00

6,300
2,600
292
1

00
00
07
44

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
real estate by foreclosure,
security committee,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$11,650
1,325
15,034
2,128
463
35
7,249
27
1,329

00
00
00
02
27
00
37
34
42

4,140 85
20 00
377 89
$39,241 42

$39,241 42

46

[Pub. D oc.

R E P O R T O F TH E

Total Amount o f Loans at Specified Rates oj Interest.
L oans on Shakes .

L oans on R eal E state .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$56,650 00
1,000 00

6.30 per cent.
6.60
“

$ 1,000 00

6.90 per cent.

$3,185 00

6.30 per cent.

1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

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

1
2

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

$107
98
89
81
72
64
57
49
42
35
28
21
15
9
3

Dues paid in advance,'.
Total,

23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

Total
Value.

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

Shares in
Force.

D ate of
I ssue .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

196
106
30
43
48
86
35
44
102
177
93
130
91
112
139

$21,017
10,416
2,687
3,488
3,500
5,587
2,003
2,188
4,330
6,264
2,652
2,840
1,399
1,019
417

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

$59,517 00
9,417 00
902 00

23 00

.
•

08
62
10
59
64
42
40
56
92
03
36
50
58
20
00

•

$69,836 00

Total,

$69,836 00

Number of shares issued during the y e a r , ................................................. 251
Number of shares now in f o r c e , ........................................................... 1,432
Number of shares now borrowed upon............................................................... 513
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 419
Highest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ........................................54
Present number of m e m b e r s ,.................................................................................. 209
Present number of borrow ers,.................................................................................... 69
Present number of n o n -borrow ers,.........................................................................140
Number of loans secured by first mortgage of real estate,
.
.
.
51
Number of loans on s h a r e s , .....................................................................................18
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 of expenses of the corporation for the year ending Oct. 31, 1899, .
473 27
Date of examination by commissioner : January 3.


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

No. 8 .]

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

DEAN

47

C O -O P E R A TIV E B A N K — F R A N K L IN .

Incorporated June 15, 1889.
J o se p h G. R a y , President.

Commenced business July 2, 1889.
O e e s t e s T . D o e , Secretary and Treasurer.

Names of security committee:
E l is h a P . C h a p m a n ,

L e s t e r L . B u r r in g t o n ,

J o se p h T . H u t c h in s o n .

Regular meetings the first Tuesday of each month.

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

31, 1899.

A ssets .

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

L ia b ilit ie s .

$38,000
1,265
84
2,682

00
00
32
29

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

$42,031 61

$34,195
5,492
946
89
71
39
480
423
295

00
64
33
15
26
13
00
04
06

$42,031 61

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 31, 1899.

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
real estate by foreclos­
ure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$12,342
2,545
231
171
1
12,360
1,190
118

00
58
38
67
00
00
00
29

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, 1899,

$9,300
1,215
9,002
5,970
1,262
1,979
260
2,682

00
00
00
00
31
17
00
29

2,006 56
704 29
$31,670 77

•

$31,670 77

48

R E P O R T O F TH E

[Pub. D oc.

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

Amount.

Hate.

$1,500 00
32,500 00

L oans on Shares .

Amount.

6 .0 0 per cent.
6.50
“

Rate.

$4,000 00

Amount.

7 .0 0 per cent.

Rate.

$1,265 00

6.50 per cent.

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

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

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

1
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$164
154
145
135
125
116
107
98
89
81
73
65
57
50
43
36
29
22
16
10
4

Dues paid in advance, .
Total,

77
83
03
38
75
38
23
30
74
40
29
39
75
32
11
12
31
72
32
08
00

51
5
1
3
_7j
20
21
26
33
18
13
23
21
19
44
78
62
95
111
163
248

Total
Value.

Shares in
Force.

D ate of
I ssue .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$8,403
774
145
406
880
2,327
2,251
2,555
2,961
1,465
952
1,503
1,212
956
1,896
2,817
1,817
2,158
1,811
1,643
992

27
15
03
14
25
60
83
80
42
20
77
97
75
08
84
36
22
40
52
04
00

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

5,492 64
338 00

»

93 00
$40,025 64

Total,

Number of shares issued during the year,
462
Number of shares now in force,
.
.
.
.
1,062
Number of shares now borrowed upon, .
279
Largest number of shares held by any one member,
25
Number of shares withdrawn during the year,
297
Number of shares retired during the year,
.
51
Highest rate of premium or interest received on money sold during the year :
6^ per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2 d term, 2£ per cent.
Number of members withdrawn during the year, .
32
Present number of members......................................................
121
Present number of borrow ers,.................................................
30
Present number of non-borrowers...........................................
91
Number of loans secured by first mortgage o f real estate,
37
Number of loans on s h a r e s , .................................................
17
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, 1899,> •
Date of examination by commissioner : February 3.


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

$34,195 00

$40,025 64

$4,700 00
25 00
260 00

No. 8 .]

49

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

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

Incorporated Feb. 11, 1886.
F . F . F a v o r , President.

Commenced business Feb. 16, 1886.

F . II. V
T . P. M u r r a y , Treasurer.

a l e n t in e ,

Secretary.

Names of security committee :
J. W

ardle,

Jr.,

O. W . W

it h in g t o n ,

W . A . Fales.

Regular meetings the third Tuesday of each month.

B alan c e Sh ee t

A ssets .

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

Oct. 31, 1899.

L ia b ilit ies .

$50,415
1,400
70
3
9
125
4,932

00
00
50
60
70
00
84

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

$56,956 64

$47,259
8,000
339
1,357

00
58
72
34

$56,956 64

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
real estate loans repaid,
real estate loans elimi­
nated by maturity of
shares,
share loans repaid,
withdrawal profits,
personal account,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$15,995
3,254
186
96
5,300

00
33
17
87
00

1,900
2,815
333
45
72

00
00
55
00
25

$29,998 17

For real estate loans, .
share loans, .
dues capital withdrawn,
clues capital retired,
dues capital matured, .
profits capital withdrawn,
profits capital retired, .
profits capital matured,
temporary expenses,
personal account, .
matured share account,
Cash on hand Oct. 31, 1899,

$4,800
1,790
8,967
4,859
576
1,182
1,468
398
443
170
410
4,932

00
00
00
00
00
05
95
41
48
00
44
84

$29,998 17

50

R E P O R T O F TH E

[Pub. Doc.

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

A m ou n t.

B ate.

$50,415 00

6.30 per cent.

B eal E state.

L oans

A m ou n t.

B ate.

on

Sh ar e s.

A m ou n t.

Bate.

$200
600
300
85
50
80
60
25

6.30 per cent.
6.40
“
6.60
»
6.70
“
7.20
“
7.50
“
8 .0 0
«
8.60
“

00
00
00
00
00
00
00
00

6
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

$197
174
163
153
142
132
122
113
104
95
86
78
69
61
54
46
39
32
25
18
12
6

94
92
91
21
83
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10

Total
Value.

1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896,.
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

Shares in
Force.

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

Value per
Share.

D ate of
I ssu e.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

4
4
6
16
9
10
47
24
19
33
16
28
25
81
70
119
59
75
126
156
192
210

$791
699
983
2,451
1,285
1,327
5,779
2,723
1,980
3,143
1,385
2,187
1,748
5,019
3,796
5,562
2,328
2,429
3,215
2,940
2,376
1,281

T o t a l , .......................................

76
68
46
36
47
50
12
04
37
91
12
64
25
57
80
06
14
25
52
60
96
00

$55,436 58

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

Total,

Number of shares issued during the year...........................................................426
Number o f shares now in f o r c e , ........................................................... 1 329
Number of shares now borrowed u p o n ,...........................................................329
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 240
Number of shares retired during the y e a r , ................................................. 47
Number of shares matured during the y e a r , ................................................. 4
Highest rate of premium or interest received on money sold during the y e a r:
8 6-10 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 3-10 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.


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

$47,259 00
8,000 58
177 00

$55,436 58

No. 8 .]

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

51

Number of members withdrawn during tlie y e a r , ........................................22
Present number of m e m b e r s ,.................................................................................. 190
Present number of borrowers,.................................................................................... 59
Present number of non-borrow ers,........................................................................ 131
Number of loans secured by first mortgage of real estate,
.
.
.
51
Number of loans on s h a r e s , .................................................................................... 19
Largest loan to any one m e m b e r ,.............................................................................. $2,800 00
Smallest loan to any one m e m b e r ,..............................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date o f examination by commissioner : October 9.


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

25 00
443 48

[Pub. Doc.

R E P O R T O F TH E

52

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

Commenced business Sept. 10, 1890.

A m ok L . H o l l in g s w o r t h , President.
W i l l ia m H . K e n n e d y , Secretary.
F r e d e r ic k W . P o r t e r , Treasurer.
Names of security committee :
Sam u el G an nett,
J. H o m e r P i e r c e ,
R o b e r t D . M o ssm a n ,
Laban P ratt,
D udley T albot.
Regular meetings the second Wednesday of each month.
Balan ce Sh eet Oct.

31, 1899.

L ia b ilit ie s .

A ssets .

Loans on real estate,
$130,075 00
10,361 00
Loans on shares, .
84 15
Permanent expense account,
6 00
Temporary expense account,
75 59
Real estate by foreclosure, .
30,938 73
Cash in hands of treasurer, .

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

$144,180
23,850
1,582
80
63
74
849
439
404
15

00
38
40
02
57
44
32
80
84
70

$171,540 47

$171,540 47

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.

D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31,1898, .


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

$43,707
8,823
435
328
2
29,850

00
89
13
75
00
00

4,200
1,457
311
30
987

00
00
19
20
62

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, 1899,

$30,775
7,885
14,235
1,004
12,254
2,227
120
3,138
758
597
268
4,129
30,938

00
00
00
00
00
59
71
75
77
17
50
46
73

5,667 86
12,532 04
$108,332 68

$108,332 68

No. 8 .]

53

SA Y IN G S BAN K COM M ISSION ERS.

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

on

Loans

R eal E st a te .

Amount.

Rate.

Amount.

$130,075 00

6.30 per cent.

-

Rate.

-

on

Sh ares.

Amount.

Rate.

$10,361 00

6.30 per cent.

1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

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

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

$144
134
124
115
106
97
88
80
71
63
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

•

•

•

60
70
95
44
19
26
57
13
93
97
24
74
46
39
52
85
38
10
00

126
127
20
129
60
72
93
57
76
218
164
281
277
279
396
325
338
493
351

T otal
V alue.

Shares In
F o rce .

Serles.

D a t e of
I ssue.

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

V a lu e per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$18,219
17,106
2,499
14,891
6,371
7,002
8,237
4,567
5,466
13,945
9,223
13,695
11,484
9,594
10,897
6,776
4,860
3,993
702

60
90
00
76
40
72
01
41
68
46
36
94
42
81
92
25
44
30
00

.

362 00

•

$169,898 38

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

Total,

$144,180 00
23,850 38
1,868 00

$169,898 38

Number of shares issued during the year..........................................................990
Number of shares now in f o r c e , ........................................................... 3,882
Number of shares now borrowed upon..............................................................882
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 570
Number of shares forfeited during the y e a r , ................................................. 32
Number of shares retired during the year......................................................... 135
Highest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Lowest rate o f premium or interest received on money sold during the year:
5 cents premium.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r ,....................................... 67
Present number of members.......................................................................................455
Present number of borrowers,.................................................................................... 79
Present number of non-borrowers, ........................................................................ 376
Number of loans secured by first mortgage of real estate,
.
.
.
62
Number of loans on s h a r e s , .................................................................................... 17
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. 31,1899,
.
772 77
Date of examination by commissioner: April 10.


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

[Pub. Doc.

R E P O R T O F TH E

54

ECONO 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.

Commenced business Aug. 12, 1889.

G e o r g e G. L a r k i n , President.

B a i l e y S a r g e n t , Secretary and Treasurer.

Names of security committee :
F r e d B . J u d k in s ,
D. W

arren

R obert 0 . P atte n ,
G ould.

Regular meetings the second Monday 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, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31,1899.

$31,663
825
42
2,913
443
23
25
181

00
00
63
04
52
65
54
38

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

$36,017 76

$29,470
4,996
471
26
20
10
276
746

00
58
91
25
85
10
00
07

$36,017 76

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

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
rents, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$6,655
1,869
106
95
4,300
610
97
188
1,204

00
90
05
13
50
00
00
67
00
28

$15,126 53

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
taxes,
.
.
.
.
insurance,
repairs..................................
Cash on hand Oct. 31, 1899,

$5,263
350
4,309
2,966
976
768
143
57
24
87
181

00
00
00
00
67
10
42
29
50
17
38

$15,126 53

No. 8 .]

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

55

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

on

Amount.

Kate.

$30,763 00

6.30 per cent.

R eal E state.

L oans

Amount.

Rate.

$800 00

on

Amount.

6.90 per cent.

$825 00

Shares .

Rate.
6.30 per cent.

1889,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

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

1 $162
2
152
4
132
5
123
6
113
104
7
8
96
9
87
10
79
11 '
71
12
63
13
56
14
49
15
41
16
35
28
17
18
21
19
15
20
9
21
3

Dues paid in advance, .
Total,

94
57
67
15
92
96
25
79
60
65
90
36
06
97
06
32
75
33
09
00

Total
Value.

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

Shares in
Force.

D a te of
I ss u e .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

7
1
36
28
16
37
9
34
17
44
47
31
28
38
48
19
32
26
38
36

$1,140
152
4,776
3,448
1,822
3,883
866
2,984
1,353
3,152
3,003
1,747
1,373
1,594
1,682
538
696
398
345
108

58
57
12
20
72
52
25
86
20
60
30
16
68
86
88
08
00
58
42
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid d u es,.

$29,470 00
4,996 58
607 00

\

5 00
$35,073 58

Total,

$35,073 58

Number of shares issued during the y e a r , ................................................. 77
Number of shares now in f o r c e , .....................................................................572
Number of shares now borrowed u p o n ,...........................................................184
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 65
Number of shares retired during the year..........................................................30
Highest rate of premium or interest received on money sold during the y e a r:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y e a r:
5 cents premium.
Rate of profits distributed : 1st term, 2| per cent.; 2d term, 2 £ per cent.
Number of members withdrawn during the y e a r , ....................................... 15
Present number of m e m b e r s ,.................................................................................. 113
Present number of borrow ers,.................................................................................... 45
Present number of n on -borrow ers,..................................................................... 6 8
Number of loans secured by first mortgage of real estate,
.
.
.
42
Number of loans on shares.............................................................................................. 3
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 ,..............................................................................
100 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
.
143 42
Date of examination by commissioner : M ay 23.


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

56

R E P O R T O F TH E

[Pub. Doc.

EN TE R P R ISE C O -O P E R A T IV E B A N K — E A ST BOSTON.
Incorporated March 31, 1888.
Ch a r le s T . W

it t ,

Commenced business April 3, 1888.

H o r a c e B . B u t l e r , Secretary and Treasurer.

President.

Names of security committee:
C harles T. W

W il l i a m G. E m e r y ,
H orace B . B u t l e r .

it t ,

Regular meetings the third Wednesday of each month.
B a l a n c e Sh e e t O c t.

31, 1899.

L ia b il it ie s .

A ssets .

$274,575 00
Loans on real estate,
8,875 00
Loans on shares, .
168 98
Permanent expense account, .
9,351 99
Real estate by foreclosure, .
21 05
Unpaid premiums,
Unpaid fines, .
.
.
.
127 25
13,799 47
Cash in hands of treasurer, .

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

.

$255,874 00
42,727 69
170 19
25
74 78
4,000 00
2,874 52
195 86
1,001 45
$306,918 74

$306,918 74

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure, .
.
.
.
matured share account,
Cash on hand Oct. 31, 1898, .


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

$76,477
16,389
1,081
697
4
58,775

00
83
26
24
75
00

3,200
8,625
538
11
352

00
00
46
55
32

559 48
3,204 64
16,292 94
$186,209 47

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,
forfeited shares, .
interest on retired shares,
real estate by foreclosure,
matured share account,
Cash on hand Oct. 31, 1899,

$74,375 00
6,100 00

46,359
336
22,591
2,224
7,368
38
6,211
980
2,010
343
332
935
2,203
13,799

00
00
00
00
84
30
68
64
57
32
71
75
19
47

$186,209 47

No. 8 .]

57

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

Total Amount o f Loans at Specified Bates o f Interest.
L oans on Shakes .

L oans on R eal E state .

Amount.
$67,050
25,850
200
132,775
24,700

00
00
00
00
00

Rate.

Amount.

Rate.

6.90 per cent.
7.20
“
7.50
“
7.80
»
8 .1 0
“

$2,250 00
625 00
6,000 00

5.00 per cent.
6 .0 0
«
6 30
“

Amount.

Rate.
5.00 per cent.
5.25
«
6 .0 0
»
6.30
“
6.60
“

$14,300
4,000
1,700
2,100
1,900

00
00
00
00
00

$176
165
154
144
134
124
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

90
72
88
32
10
18
52
19
17
45
01
82
88
15
66
40
34
48
83
36
10
00

Total
Value.

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Shares in
Force.

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, .
April, 1897, .
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899,.

Value per
Share.

D ate op
I ssue .

Series.

Beconciliation o f Share Account with Dues and Profits Capital.

18
33
21
12
47
101
234
138
248
329
356
420
268
301
233
289
753
403
631
515
845
320

$3,184
5,468
3,252
1,731
6,302
12,542
26,797
14,516
23,850
28,771
28,127
29,744
16,851
16,600
11,104
11,675
25,105
10,671
12,512
6,880
5,999
320

20
76
48
84
70
18
68
22
16
05
56
40
84
15
78
60
02
44
73
40
50
00

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

42,727 69
3,667 00

258 00
$302,268 69

Total,

Number of shares issued during the y e a r , ....................................... 1,446
Number of shares now in f o r c e , ........................................................... 6,515
Number of shares now borrowed u p o n ,................................................. 1,466
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,256
Number o f shares forfeited during the y e a r , ................................................. 8
Number of shares retired during the year......................................................... 231
Number of shares matured during the year......................................................16
Highest rate of premium or interest received on money sold during the y ea r:
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
5 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 2| per cent.


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

$255,874 00

$302,268 69

58

R E P O R T O F TH E

[Pub D oc.

Number of members withdrawn during the y e a r , ........................................123
Present number o f members....................................................................................... 742
Present number o f borrowers,................................................................................... 170
Present number of non-borrow ers,.........................................................................572
Number of loans secured by first mortgage of real estate,
.
.
.151
Number of loans on shares............................................................................................ 52
Largest loan to any one member, .
. • ........................................................... $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, 1899,
Date of examination by commissioner : September 8 .


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

.

2,010 57

No. 8 .]

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

59

E Q U IT A B L E C O -O P E R A TIV E B A N K — L Y N N .
Incorporated Oct. 2,1877.
Ja m e s H . R

ic h a r d s ,

President.

Commenced business Oct. 8 , 1877.
E d w i n C. L e w i s , Secretary and Treasurer.

Names of security committee:
T homas E . W

ard,

J a m e s H . R ic h a r d s ,
E d w i n N . H a in e s .

Regular meetings the first Monday o f each month.

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

A ssets .

31, 1899.

L ia b ilit ie s .

Loans on real estate,
$383,761 54
Loans on shares, .
.
17,284 00
Permanent expense account,
19 60
Temporary expense account,
131 85
Real estate by foreclosure, .
16,772 59
Unpaid interest,
2,195 32
R e n t , .......................................
150 15
Cash in hands of treasurer, .
18,286 87

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

$438,601 92

$358,916
64,311
2,091
67
2,316
10,843
56

00
16
45
07
00
75
49

$438,601 92

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
fines, .
.
.
.
real estate loans repaid,
real estate loans elimi­
nated by foreclosure,
real estate loans elimi­
nated by maturity of
shares,
share loans repaid,
rent.....................................
real estate by foreclos­
ure..................................
suspense account,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$98,059
22,471
723
62,000

00
43
59
00

2,106 02
5,200 00
26,579 00
668 05
3,075 00
1 51
16,127 51
$237,011 11

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
dues capital matured, .
profits capital withdrawn,
profits capital retired, .
profits capital m atured,.
temporary expenses,
interest on retired shares,
rent,
.
.
.
.
real estate by foreclosure,
suspense account, .
surplus, .
.
.
.
Cash on hand Oct. 31, 1899,

$77,987
17,763
52,210
26,410
18,499
7,439
5,421
7,370
1,674
422
429
3,037
13
45
18,286

91
00
00
00
00
23
63
96
77
37
87
37
00
13
87

$237,011 11

60

R E P O R T O F TH E

[Pub. D oc

Total Amount of Loans at Specified Rates o f Interest.
L oans on R eal E state .

Amount.
$79,665
2,200
11,050
76,289
77,611
56,965
35,783
6,593
5,600
6,000

Rate.

00
00
00
42
88
00
18
71
00
00

L oans on Shares .

Amount.

5.00 per cent.
5 1-16 “
5|
5.25
“
5.50
“
5.75
“
6 .0 0
“
6.06
“
6 .1 2
“■
6.18
“

$3,350
3,466
10,362
2,025
3,350
100
1,800
400
1,000
150

00
35
00
00
00
00
00
00
00
00

Rate.

Amount.

Rate.

6.24 per cent.
a
6.25
<<
6.30
a
6.42
a
6.48
a
6.50
a
6.54
a
6.60
n
6.78
a
7.26

$690
3,735
5,302
3,271
2,393
130
450
1,013
300

5.00 per cent.
5.25
“
5.50
“
5.75
«
6 .0 0
«
6.06
“
6 .1 2
“
6.25
“
6.50
“

00
00
00
00
00
00
00
00
00

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,
April, 1897,
Oct., 1897,
April, 1898,
Oct., 1898,
April, 1899,
Oct., 1899,

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

21
22

23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44

$190
179
168
158
148
138
128
119
110
101
93
84
76
69
61
54
46
39
32
26
19
13
7
1

Dues paid in advance, .
Total,

74
63
91
42
23
35
79
51
47
69
19
93
91
12
53
12
89
84
96
25
70
31
08
00

103
44
88
99
126
177
236
214
262
320
221

233
323
333
110
244
445
174
455
907
501
1,078
1,079
842

Total
Value.

Shares in
Force.

D ate of
I ssue .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$19,646
7,903
14,864
15,683
18,676
24,487
30,394
25,575
28,943
32,540
20,594
19,788
24,841
23,016
6,768
13,205
20,866
6,932
14,996
23,808
9,869
14,348
7,639
842

22
72
08
58
98
95
44
14
14
80
99
69
93
96
30
28
05
16
80
75
70
18
32
00

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

64,311 16
3,438 00

•

430 00
$426,665 16

Total,

Number of shares issued during the y e a r , ....................................... 2,645
Number o f shares now in f o r c e , ........................................................... 8,614
Number of shares now borrowed u p o n ,................................................. 2,642
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year,
.
.
.
.
1,464
Number of shares retired during the year......................................................... 326
Number of shares matured during the y e a r , ................................................. 127


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

$358,916 00

$426,665 16

No. 8 .]

SA Y IN G S B A N K C O M M IS S IO N E D .

61

Highest rate of premium or interest received on money sold during the year :
6 | per cent.
Lowest rate o f premium or interest received on money sold during the year :
5
per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2<| per cent.
Number of members withdrawn during the y e a r , ....................................... 198
Present number o f m e m b e r s ,...............................................................................1,193
Present number of borrow ers,..................................................................................420
Present number of non-borrow ers,........................................................................ 773
Number of loans secured by first mortgage of real estate,
.
.
.373
Number of loans on s h a r e s , .................................................................................. 172
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 ,..............................................................................
5 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
1,724 77
Date of examination by commissioner : February 7.


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

62

R E P O R T O F TH E

[Pub. Doc.

E Q U IT Y C O -O P E R A T IV E B A N K — W O R C E S T E R .
Incorporated Feb. 9, 1887.

Commenced business March 17, 1887.

C h a r l e s L . G a t e s , President.

T . J. H a s t in g s , Secretary and Treasurer.

Names of security committee:
D a n ie l P a r l in ,

U r g e l Ja c q u e s ,
E . J. B a r d w e l l .

Regular meetings the Thursday next preceding the third Monday of each month.
B alan c e Sh ee t O ct.

A ssets .

31, 1899.

L ia b ilit ie s .

Loans on real estate,
$299,825 00
Loans on shares, .
9,365 00
Temporary expense account,
222 21
Real estate by foreclosure, .
2,671 71
Cash in hands of treasurer, .
7,190 01

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

$319,273 93

$266,873
46,448
1,246
126
1
1,580
2,888
56
52

00
62
89
50
50
00
46
96
00

$319,278 93

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
rent,
.
.
.
.
expense account,
profit and loss account,
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$ 88,021
19,847
608
13
82,800

00
92
45
00
00

1,627 62
1,200 00
9,560 00
485 84
05
1 00
489 48
338 32
75 92

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,
forfeited shares,
interest on retired shares,
real estate by foreclosure,
profit and loss account,
Cash on hand Oct. 31, 1899,

$87,477
7,940
30,420
1
38,275
22,492
4,951
9,131
10,541
1,549
8
389
1,710
103
7,190

62
00
00
00
00
00
14
10
55
55
88
00
37
48
07
01

10,602 31
6,509 86
$222,180 77

$222,180 77

No. 8 .]

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

63

Total Amount of Loans at Specified Rates o f Interest.
L oans on R eal E state .

Amount.
$247,625
23,350
11,950
6,850

00
00
00
00

Rate.

L oans on Shares .

Amount.

6 per cent.
6J
»
6¿
“
6f
“

$8,300
150
800
800

Rate.

00
00
00
00

6¿ per cent.
6§
“
6|
“
“

n

Amount.
$7,695 00
1,610 00
60 00

Rate.
6 per cent.
6|
«
6|
“

$192
180
168
157
146
136
126
116
107
98
89
80
72
64
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

16
27
78
67
91
47
40
65
19
03
17
58
24
20
39
83
51
41
53
86
38
10
00

Total
Value.

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

j Shares in
j Force.

Sept., 1888, .
M ar., 1889, .
Sept., 1889, .
Mar., 1890, .
Sept., 1890,.
Mar., 1891, .
Sept., 1891, .
Mar., 1892, .
Sept., 1892, .
M ar., 1893, .
Sept., 1893, .
Mar., 1894, .
Sept., 1894, .
M ar., 1895, .
Sept., 1895, .
M ar., 1896, .
Sept., 1896, .
M ar., 1897, .
Sept., 1897, .
M ar., 1898, .
Sept., 1898, .
M ar., 1899, .
Sept., 1899, .

Value per
Share.

D ate op
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

42
87
87
106
108
20
127
42
11
58
39
321
247
361
294
671
451
656
575
953
583
912
837

$8,070
15,683
14,683
16,713
15,866
2,729
16,052
4,899
1,179
5,685
3,477
25,866
17,843
23,176
16,578
32,764
18,721
22,572
15,829
19,879
8,383
7,387
1,674

72
49
86
02
28
40
80
30
09
74
63
18
28
20
66
93
01
96
75
58
54
20
00

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

46,448 62
2,746 00

349 00
$316,067 62

Total,

Number of shares issued during the year................................................ 1,942
Number of shares now in f o r c e , ........................................................... 7,588
Number of shares now borrowed u p o n , ................................................. 1,805
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 954
Number of shares forfeited during the y e a r , ................................................. 1
Number of shares retired during the y e a r , ................................................. 478
Number o f shares matured during the year......................................................163
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 3J per cent.; 2d term, 3 per cent.


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

$266,873 00

$316,067 62

64

R E P O R T O F TH E

[Pub. D oc.

Number of members withdrawn during the y e a r , ....................................... 144
Present number of m e m b e r s ,.................................................................................. 848
Present number of borrow ers,.................................................................................. 176
Present number of non-borrow ers,........................................................................ 672
Number of loans secured by first mortgage of real estate,
.
.
. 180
Number o f loans on s h a r e s , .......................................................................
36
Largest loan to any one member..................................................................................... $5,000 00
Smallest loan to any one member...................................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
1,211 56
Date of examination by commissioner: M ay 5.


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

\

No. 8 .]

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

65

E V E R E T T C O -O P E R A TIV E B A N K -E V E R E T T .

Incorporated Sept. 24, 1890.
E d w a r d C. M e a d , President.

Commenced business Oct. 14,1890.

C h a r l e s E . J e n n in g s , Secretary and Treasurer.

Names of security committee:
Jam es E . F r e e m a n ,
G e o r g e E . S m it h ,
N a t h a n ie l A . D i l l .

Regular meetings the third Monday of each month.

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

L ia b ilit ie s .

A ssets .

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

31, 1899.

$73,150
13,870
24
2,083
9
1,464

00
00
16
76
29
77

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

.

$73,291
14,191
387
4
15
940
1,771

00
60
44
15
15
90
74

$90,601 98

$90,601 98

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeited shares, .
rents...................................
Cash on hand Oct. 31, 1898, .


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

$19,598
4,543
124
77

00
35
30
35
75
27,350 00
2,000
1,328
170
20
77
10,858

00
00
88
00
85
48

$66,148 96

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,, .
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$36,300
6,550
7,070
20
8,712
978
3
2,517
342
8
2,181
1,464

00
00
00
00
00
64
70
23
19
82
61
77

$66,148 96

66

R E P O R T O F TH E

[Pub. D oc.

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

L oans on Shares .

Amount.

Rate.

Amount.

Rate.

$58,650 00

5.00 per cent.

$14,500 00

6.30 per cent.

Amount.
$ 7,100 00
6,770 00

Rate.
5.00 per cent.
6.30
«

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

1
2

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

$143
133
123
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

91
82
99
47
22
24
53
07
82
85
12
60
30
24
39
77
34
09
00

Total
Value.

Oct., 1890,
April, 1891,
Oct., 1891,
Aprd, 1892,
Oct., 1892,
April, 1893,
Oct., 1893,
April, 1894,
Oct., 1894,
April, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,
April, 1897,
Oct., 1897,
April, 1898,
Oct., 1898,
April, 1899,
Oct., 1899,

Shares in
Force.

D ate of
I ssue .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

90
71

88

$12,951
9,501
8,431
5,837
4,208
577
4,464
6,958

113
74
56
64
77
75
95
164
266
169
97

4,650
3,086
3,046
3,103
2,493
2,507
3,242
3,548
1,198
97

68

51
40
6

51

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

$73,291 00
14,191 60
454 00

8,002 66

90
72
40
10
00
05
28
44
21
00

30 00

Dues paid in advance, .
Total,

90
22
32
97
80
44
03
16

•

$87,936 60

Total,

$87,936 60

Number of shares issued during the y e a r , ................................................. 478
Number of shares now in f o r c e , ...........................................................1,715
Number of shares now borrowed u p o n ,...........................................................666
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 245
Number of shares forfeited during the y e a r , ................................................. 10
Number of shares retired during the y e a r , ................................................. 91
Highest rate of premium or interest received on money sold during the y ea r:
5 3-10 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
5 per cent.
Rate of profits distributed : 1st term, 2| per cent.; 2d term,
per cent.
Number of members withdrawn during the y e a r ,........................................23
Present number of m e m b e r s ,................................................................................... 184
Present number of borrowers,..................................................................................... 54
Present number of non-borrow ers,......................................................................... 130
Number of loans secured by first mortgage of real estate,
.
.
.
37
Number of loans on shares............................................................................................34
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, 1899, .
342 19
Date of examination by commissioner : February 23.


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

No. 8 .]

67

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

F A L L R IV E R C O -O P E R A TIV E B A N K — F A L L R IV E R .
Incorporated Dec. 1, 1888.

Commenced business Dec. 12, 1888.

E r ic W . B o r d e n , President.
G e o r g e 0 . L a t h r o p , Secretary.
R o d o l p h u s N . A l l e n , Treasurer.
Names of security committee:
H en ry W

a r in g ,

B radford D . D av ol,

Cla r en c e A . B r o w n .
Regular meetings the second Wednesday of each month.
B a l a n c e Sh e e t O c t .

31, 1899.

L ia b il it ie s .

A ssets.

$269,150 00
Loans on real estate,
2,350 00
Loans on shares, .
143 51
Temporary expense account,
Real estate by foreclosure, .
16,271 69
63
Profit and loss account,
34 22
Personal account, .
3,800 00
Mortgage,
.
.
.
.
84 19
Cash in hands o f secretary, .
111 70
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series), .
Interest........................................
F i n e s , .......................................
Guaranty fund, .
Surplus,
.
.
.
.
Personal accounts,

$244,885
39,533
2,145
66
2,300
2,987
27

00
68
94
09
00
79
44

$291,945 94

$291,945 94

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
fines, .
.
.
.
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
real estate by foreclosure, .
.
.
.
personal accounts,
insurance, .
Cash on hand Oct. 31, 1898, .


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

$81,300
17,718
544
93,850

00
58
82
00

15,100 00
3,950 00
4,632
244
866
1,172

73
14
25
79

$219,379 31

$108,100 00
For real estate loans, .
2,000 00
share loans, .
58,910 00
dues capital withdrawn,
842 00
dues capital forfeited, .
17,733 00
dues capital retired,
8,062 83
profits capital withdrawn,
103 49
profits capital forfeited,.
4,394 27
profits capital retired, .
1,078 91
temporary expenses,
382 91
interest on retired shares,
12,620 89
real estate by foreclosure,
288 87
personal accounts,
3,800 00
mortgage,
866 25
insurance,
Cash on hand Oct. 31, 1899,
195 89
$219,379 31

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

No. 8 .]

SA Y IN G S B A N K

F E D E R A L C O -O P E R A T IV E

Incorporated Jan. 29, 1890.
F r a n k W . E l d r e d g b , President.

69

COM M ISSION ERS

B A N K — BOSTON.

Commenced business Feb. 6 , 1890.

W

il l i a m

W a r d w e l l , Secretary and Treasurer.

Names of security committee :
L o r in g M . M o n k ,
F r a n c is G. W a s h b u r n ,
H. W . Marden,
H . B. Bu r n h a m ,
W i l l i a m B. H a y f o r d ,
C h a r l e s P. R e n f r e w ,
L. W . B lan ch ard.

Regular meetings the first Thursday of each month.

B alance Sh eet O ct.

L ia b il it ie s .

A ssets .

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

31, 1899.

$66,479
2,060
4,464
396
27
6,337

00
00
81
58
80
29

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

.

$66,988
11,316
750
434
276

00
10
00
90
48

$79,765 ‘48

$79,765 48

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
D isbursements .

R eceipts .

From dues capital,
interest,
fines....................................
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeited shares, .
rents, .
.
.
.
real estate by foreclosure,
surplus account, .
Cash on hand Oct. 31, 1898, .


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

$17,744
3,166
79
11,661

00
36
38
00

2,000
1,583
177
251
231

00
00
21
66
41

251 66
3 00
340 18
$37,488 86

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
profits capital withdrawn,
profits capital forfeited,
temporary expenses,
forfeited shares,
repairs and taxes on real
estate,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$15,200
1,250
10,239
200
1,398
51
279
251

00
00
00
00
77
66
27
66

184 96
2,096 25
6,337 29

$37,488 86

70

R E P O R T OF TH E

[Pub. D oc.

Total Amount o f Loans at Specified Bates o f Interest.
L oans on R bal E state .

Amount.

Rate.

$59,179 00
600 00

5.00 per cent.
5.25
“

L oans on Shares .

Amount.

Rate.

Amount.

6 .0 0 per cent.
6.25
“

$5,100 00
1,600 00

$960 00
1,100 00

Rate.
5.00 per cent.
6 .0 0
“

1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

$154
144
134
124
115
105
97
88
80
76
68
60
52
45
38
31
25
18
12
6

Dues paid in advance, .
Total,

25
03
09
44
07
97
17
58
26
12
22
49
99
70
62
75
08
60
26
07

Total
Value.

Feb.,
Aug.,
Feb.,
A u g .,
Feb.,
A ug.,
Feb.,
A ug.,
Feb ,
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 o f Share Account with Dues and Profits Capital.

27
43
14
52
44
44
67
38
133
10
13
91
100
70
110
95
112
120
156
179

$4,164
6,193
1,877
6,470
5,063
4,662
6,510
3,366
10,674
761
886
5,504
5,299
3,199
4,248
3,016
2,808
2,232
1,912
1,086

75
29
26
88
08
68
39
04
58
20
86
59
00
00
20
25
96
00
56
53

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

$66,988 00
11,316 10
1,681 00

47 00
$79,985 10

Total,

$79,985 10

Number of shares issued during the y e a r , ................................................. 390
Number of shares now in f o r c e , ...........................................................1,518
Number of shares now borrowed u p o n ,...........................................................433
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 327
Number of shares forfeited during the y e a r , ................................................. 10
Highest rate of premium or interest received on money sold during the year:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent.; 2d term, 2 per cent.
Number o f members withdrawn during the y e a r ,....................................... 45
Present number o f members....................................................................................... 189
Present number of box-rowers,.....................................................................................43
Present number of non-borrowers,......................................................................... 146
Number of loans secured by first mortgage of real estate,
.
.
.
33
Number of loans on s h a r e s , .....................................................................................20
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, 1899, .
279 27
Date of examination by commissioner : February 17.


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

No. 8 .]

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

71

F I D E L I T 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 May 8 , 1888.

G eo k g e E . C l i f f o r d , President.

W . G . H a y e s , Secretary and Treasurer.

Names of security committee :
H . G. M o r s e ,

L. H . Goodnow,
L . C. A l b e e .

Regular meetings the second Tuesday o f each month.
B a la n c e Sh ee t O c t.

A ssets .

31, 1899.

L ia b ilit ie s .

Loans on real estate,
$489,215 00
Loans on shares, .
26,320 00
Temporary expense account,
194 83
11,393 12
Real estate by foreclosure, .
Unpaid interest,
6,075 00
Unpaid premiums,
5 00
.
.
.
300 00
Unpaid tines, .
220 34
T ax account, .
.
.
.
Cash in hands of treasurer, .
2,030 85

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

$535,754 14

$438,040
89,397
4,829
4
124
2
115
4
1,890
1,178
167

00
68
37
79
27
50
32
90
00
22
09

$535,754 14

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
R eceipts .

D isbursements .

From dues capital,
$113,621 00
interest,
27,916 43
premiums, .
50 85
fines, .
.
.
.
833 05
transfer fees,
27 00
real estate loans repaid,
182,630 00
real estate loans eliminated by foreclosure,
8,660 00
share loans repaid,
21,339 00
withdrawal profits,
225 42
forfeiture profits,.
26 69
forfeited shares, .
189 58
real estate by foreclos­
ure, .
.
.
.
2,059 37
Cash on hand Oct. 31, 1898, .
3,026 54

For real estate loans, .
$253,750 00
share loans, .
29,700 00
dues capital withdrawn,
33,880 00
dues capital forfeited, .
630 00
dues capital retired,
19,746 00
profits capital withdrawn,
3,573 09
profits capital forfeited, .
146 72
profits capital retired, .
5,495 21
temporary expenses,
1,279 54
forfeited shares,
114 44
interest on retired shares,
426 13
real estate by foreclosure,
9,832 95
Cash on hand Oct. 3 1 ,1 8 9 9 ,.
2,030 85

$360,604 93

$360,604 93

-------------------------------------- ft----------


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Federal Reserve Bank of St. Louis

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

No. 8 .]

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

Number of members withdrawn during the year, .

.

.

.

.

73

257

Present number of m e m b e r s ,............................................................................... 1,083
Present number of borrowers,....................................................................
394
Present number of non-borrowers............................................................................689
Number of loans secured by first mortgage of real estate,
.
.
. 343
Number of loans on s h a r e s , ...................................................................................118
Largest loan to any one m e m b e r ,...............................................................................$5,000 00
Smallest loan to any one member...................................................................................
10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
1,279 54
Date of examination by commissioner : March 3


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Federal Reserve Bank of St. Louis

74

[Pub. D oc.

R E P O R T O F TH E

F IT C H B U R G C O -O P E R A TIV E B A N K — F IT C H B U R G .
Incorporated Oct. 27, 1877. Commenced business Nov. 8, 1877.
J a b e z F is h e r , President.

F r e d e r ic k A . C u r r i e r , S
H a r r is o n B a i l e y , Treasurer.

retary.

Names of security committee:
M a r t in W

ebber,

N a t h a n ie l V
D a v id M . D il l o n .

arney,

Regular meetings the third Thursday of each month.
Balance Sheet Oct.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Personal accounts,
Unpaid dues, .
.
.
.
Cash in hands of treasurer,

31, 1899.

$668,800
21,100
13,207
.
7,333
33
424
1,475
8,369
59
.

00
00
36
84
57
00
19
00
65

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Personal accounts,
Dues paid in advance, .
Incomplete loans,

$594,000
119,113
4,318
90
584
340
1,356
1,000

00
05
04
60
58
34
00
00

$720,802 61

$720,802 61

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

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

R e c e ip t s.

$168,146 00
From dues capital,
43,569 44
interest,
312 46
premiums, .
1,182 46
fines, .
.
.
.
16 75
transfer fees,
245,550 00
real estate loans repaid,
real estate loans elimi12,750 00
nated by foreclosure,
real estate loans eliminated by maturity of
14,750 00
shares,
25,620 00
share loans repaid,
350 60
withdrawal profits,
55 43
forfeiture profits,.
640 66
forfeited shares, .
7,870 51
personal accounts,
incomplete loans,
14,479 35
5,344 40
suspense account,
real estate by foreclos6,256 84
ure, .
.
.
.
146 03
Cash on hand Oct. 31, 1898, .

$237,000 00
For real estate loans, .
32,370 00
share loans, .
dues capital withdrawn,
32,367 00
7,578 00
dues capital forfeited, .
96,452 00
dues capital retired,
36,805 00
dues capital matured, .
3,743 32
profits capital withdrawn,
554 49
profits capital forfeited,.
profits capital retired, .
31,695 29
15,725 40
profits capital matured,
2,373 32
temporary expenses,
993 81
forfeited shares,
interest on retired and
2,366 03
matured shares,.
7,250 66
personal accounts,
15,979 35
incomplete loans, .
3,578 44
suspense account, .
15,022 23
real estate by foreclosure,
5,126 94
surplus................................
59 65
Cash on hand Oct. 31,1899, .

$547,040 93

$547,040 93


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

No. 8 .]

75

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

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

00
00
00
00
00
00
00

L oans

R ea l E sta te .

Amount.

Rate.

5.00 per cent.
6.00
“
6.12
“
6.24
“
6.36
“
6.48
“
6.60
“

1,200
200
100
1,400
100
700
100

6.84 per cent.
6.96
“
7.08
“
7.20
“
7.56
“
8.16
“
8.04
“

00
00
00
00
00
00
00

on

Sh a r e s .

Rate.

Amount.

Rate.

Amount.
$219,900
421,250
10,650
2,500
7,950
1,800
950

on

$13,740
7,140
170
50

00
00
00
00

5.00 per cent.
6.00
«
6.12
“
7.08
»

M ay,
Nov.,
M ay,
N o v .,
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,

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44

$196
184
173
162
151
141
131
121
112
103
94
85
77
69
61
53
46
39
32
25
18
12
6

47
84
52
57
95
63
61
88
43
27
39
77
43
29
43
77
35
14
13
35
73
32
08

101
143
231
176
223
249
260
341
322
423
242
365
392
553
748
809
619
677
952
1,033
936
1,727
1,692

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

Total
Value.

Shares in
Force.

D a te of
I ssu e.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$19,843
26,432
40,083
28,612
33,884
35,265
34,218
41,561
36,202
43,683
22,842
31,306
30,352
38,317
45,949
43,499
28,690
26,497
30,587
26,186
17,531
21,276
10,287

47
12
12
32
85
87
60
08
46
21
38
05
56
37
64
93
65
78
76
55
28
64
36

$713,113 05

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

Total,

Number of shares issued during the year................................................ 3,806
Number of shares now in f o r c e , ...........................................................13,214
Number of shares now borrowed upon..................................................... 4,797
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year....................................... 1,251
Number of shares forfeited during the y e a r , ................................................. 301
Number of shares retired during the y e a r , ................................................. 817
Number of shares matured during the y e a r , ................................................. 263
Highest rate of premium or interest received on money sold during the year:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed; 1st term, 2 f per cent.; 2d term, 2£ per cent.


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

$594,000 00
119,113 05

$713,113 05

76

R E P O R T O F TH E

Number of members withdrawn during the year, .
Present number of m e m b e r s ,.......................................

.

.

[Pub. D oc.
.

Present number of borrow ers,...........................................................
Present number of non-borrow ers,...........................................................
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, 1899,
Date of examination by commissioner : June 23.


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

112

1,947
. 649
’ 1,298
. 612
. 104

.

$5,000 00
10 00
2,373 32

No. 8 .]

77

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

PO XB O R O U G H C O -O P E R A T IV E B A N K — FO XB O R O U G H .

Incorporated Feb. 25, 1889.
A . F . B e m is , President.

Commenced business March 19, 1889.
F r e d e r i c k S. L a n e , Secretary and Treasurer.

Names o f security committee:
W i l l i a m T . Co o k ,
E z r a P ic k e n s ,

Ch arles C. Sum ner,
C h ar les H . H artsh o rn.

Regular meetings the third Wednesday of each month.

Balance Sh eet Oct.

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$117,500 00
Loans on shares, .
3,475 00
Temporary expense account,
90 93
Cash in hands of treasurer, .
1,726 45

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

$122,792 38

$99,739
19,501
655
76
7

00
19
72
05
92
50
226 44
311 12
2,274 44

$122,792 38

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

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, 1898, .


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

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

$31,375
7,284
690
301
2
22,600
6,275
767
2,387

00
41
57
11
00
00
00
47
42

$71,682 98

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. 3 1 ,1 8 9 9 ,.

$33,800
2,565
21,612
5,166
4,019
2,042
660
91
1,726

00
00
00
00
06
93
10
44
45

$71,682 98

[Pub. D oc.

R E P O R T O F TH E

78

Total Amount o f Loans at Specified Bates o f Interest.
L oans

on

L oans

R eal E state.

Amount.

Amount.

Rate.

$26,600 00
89,700 00

6.30 per cent.
6.60
“

Sh ar e s.

Rate.

Amount.

Rate.
7.20 per cent.

$1,200 00

on

$205 00
3,270 00

6.30 per cent.
6.60
«

M ar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
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,.
1897, .
1897, .
1898, .
1898, .
1899, .
1899, .

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$180
169
158
147
137
127
117
108
98
89
81
72
64
56
49
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

45
51
15
31
50
26
79
39
45
37
48
73
143
150
144
112
232
222
236
251
316
334

53
23
24
64
27
25
51
05
85
93
24
85
70
81
17
77
60
66
93
42
11
00

.

.

Total
Value.

Shares in
Force.

Value per
Share.

D ate of
I ssue.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$8,123
8,630
2,373
4,576
6,863
3,308
9,283
4,213
4,448
3,327
3,899
5,318
9,252
8,521
7,080
4,678
8,027
6,140
4,939
3,619
2,562
668

85
73
60
84
50
50
29
95
25
41
52
05
10
50
48
24
20
52
48
42
76
00

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

$99,739 00
19,501 19
705 00

88 00
$119,945 19

$119,945 19

Total,

Number of shares issued during the year............................................................. 755
Number of shares now in f o r c e , .....................................................................2,679
Number of shares now borrowed u p o n ,...............................................................710
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year.....................................................588
Number of shares retired during the y e a r , .......................................................41
Highest rate of premium or interest received on money sold during the y ea r:
10 cents premium.
Lowest rate of premium or interest received on money sold during the year:
10 cents premium.
Rate of profits distributed: 1st term, 3,} per cent.; 2d term, 3£ per cent.
56
N umber of members withdrawn during the year, .
412
Present number of m e m b e r s ,.................................................
120
Present number of borrowers, .
.
.
.
.
.
292
Present number of non-borrowers,.......................................
106
Number of loans secured by first mortgage of real estate,
14
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 endin
Date of examination by commissioner: January 6.


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

,
#

$5,000 00
25 00
660 10

No. 8 .]

79

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

G A R D N E R C O -O P E R A TIV E B A N K — G A R D N E R .
Incorporated Jan. 14, 1889.
Louis A . G r e e n w o o d , President.

Commenced business March 12, 1889.
J a m e s A . S t i l e s , Secretary and Treasurer.

Names of security committee:
J on as R . D a v is ,
H o sea C a r t e r , Jr.,
H e n r y G. P o l l a r d .
Regular meetings the second Tuesday of each month.
Balan ce Sheet Oct.

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$102,075 66
Loans on shares, .
4,730 00
Temporary expense account,
152 19
Real estate by foreclosure, .
64 23
Unpaid interest,
1,774 05
82 12
Unpaid premiums,
Unpaid tines, .
.
.
.
82 09
Mortgages.....................................
7,070 77
Insurance,
.
.
.
.
80 47
T a x e s , .......................................
121 09
Cash in hands of treasurer, .
19,600 02

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

$135,832 69

$111,111
22,528
1,307
61
50
95
532
131
14

00
68
33
28
83
25
42
00
16
74

$135,832 69

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
real estate by foreclosure, .
.
.
.
mortgages, .
insurance, .
taxes..................................
Cash on hand Oct. 31,1898, .


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

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

$27,324
7,008
400
300
1
29,033

00
75
57
76
25
75

1,600
5,470
310
15
8

00
00
83
16
00

1,161
2,769
13
48
5,247

83
00
50
44
67

$80,713 51

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,
interest on retired shares,
surplus, .
.
.
.
mortgages,
.
insurance,
taxes,
.
.
.
.
Cash on hand Oct. 31, 1899,

$26,700
6,330
17,703
8
1,545
3,046
15
517
608
57
1
4,447
87
45
19,600

00
00
00
00
00
38
16
14
30
92
58
36
80
85
02

'
$80,713 51

80

R E P O R T O F TH E

[Pub. D oc

Total Amount o f Loans at Specified Rates o f Interest.
Loans

Amount.
$55,775
12,350
7,100
5.300
6,900
5.300

on

Rate.

66
00
00
00
00
00

L oans

R eal E sta te .

$3,900
1,350
2,300
100
800
900

00
00
00
00
00
00

Sh a r e s .

Rate.

Amount.

Rate.

6.84 per cent.
6.96
“
7.08
«
7.20
“
7.32
«
7.92
“

$4,630 00
100 00

6.12 per cent.
6.72
“

Amount.

6.12 per cent.
6.2 4
»
6.36
“
6.48
»
6.60
«
6.72
»

on

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$177
166
155
145
134
125
115
106
97
88
80
71
63
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

52
45
68
17
96
08
52
26
27
56
13
93
97
24
74
46
39
52
85
38
10
00

Total
Value.

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

Shares in
Force.

D a te of
I ssu e.

Value per
Share.

Series.

Reconciliation o f Share Account with Dices and Profits Capital.

21
59
42
38
42
78
156
52
78
35
82
48
134
95
348
100
120
169
175
80
209
159

$3,727
9,820
6,538
5,516
5,668
9,756
18,021
5,525
7,587
3,099
6,570
3,452
8,571
5,342
16,961
4,146
4,126
4,650
3,648
1,150
1,692
318

92
55
56
46
32
24
12
52
06
60
66
64
98
80
52
00
80
88
75
40
90
00

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

22,528 68
2,293 00

38 00
• $135,932 68

Total,

Number of shares issued during the year.......................................................... 418
Number of shares now in f o r c e , ...........................................................2,320
Number of shares now borrowed u p o n ,........................................................... 658
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................437
Number of shares forfeited during the y e a r , ................................................. 5
Number of shares retired during the year......................................................... 12
Highest rate of premium or interest received on money sold during the y ea r:
2 cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
2 cents premium.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.


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

$111,111 00

$135,932 68

No. 8 .]

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

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,

. 140
. 441
. 116
. 325
. 123
.
18

.

Amount of expenses of the corporation for the year ending Oct. 31, 1899,

Date of examination by commissioner : April 27.


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

81

.

$3,100 00
10 00
608 30

[Pub. Doc.

R E P O R T O F TH E

82

G E R M A N IA C O -O P E R A TIV E B A N K — BOSTON.
Incorporated Oct. 3, 1885.
H enry W

e s s l in g ,

Commenced business Oct. 20,1885.
A ndreev M . D o r r , Secretary.

President.

M a r t in H a s e n f u s s , Treasurer.
Names of security committee:
J oh n P . G e i s h e c x e r ,
N ic h o l a s S c h a a f ,
J o h n J. S t e p h a n .
Regular meetings the third Tuesday of each month.
B

alance

Sh e e t O c t.

31,1899.

Lia b il it ie s .

A ssets.

$220,075 00
Loans on real estate,
7,900 00
Loans on shares, .
70 72
Permanent expense account,
190 20
Temporary expense account,
15,978 78
Real estate by foreclosure, .
83 68
Taxes and insurance paid, .
2,664 00
Mortgage.......................................
2 68
Cash in hands of secretary, .
3,783 28
Cash in hands of treasurer, .

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

$207,039
36,778
1,319
35
147
3,102
2,223
51
51

00
98
66
36
60
20
03
04
27
20

$250,748 34

$250,748 34

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

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,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,
forfeited shares, .
real estate by foreclosure, .
.
.
.
rents, .
.
.
.
taxes and insurance repai d, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$61,857
13,757
363
2
50,425

00
29
50
25
00

12,050 00
1,400
7,550
620
117
2,721

00
00
83
42
32

7,883 22
195 50

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,
forfeited shares, .
interest on retired shares,
suspense account, .
real estate by foreclosure,
taxes and insurance,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$59,250
11,350
32,341
2,388
26,025
987
2,830
470
6,589
416
1,694
2,674
153
41
10,836
855
3,785

00
00
00
00
00
00
92
24
37
71
97
29
02
00
15
20
96

40 53
3,704 97
$162,688 83

$162,688 83

No. 8 .]

83

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$37,250
90,625
7,100
39,400
33,600
7,050

00
00
00
00
00
00

on

Rate.

L oans

R eal E state.

Rate.

Amount.

5 25 per cent.
5.50
“
5 75
“
6.00
“
6.25
“
6.50
“

$1,900
2,200
500
250
200

00
00
00
00
00

6.75 per cent.
7.00
«
7.25
“
7.50
“
8.25
“

on

Sh a r e s .

Amount.
$4,150
2,600
100
300
200
450
100

00
00
00
00
00
00
00

Rate.
5.25 per cent.
5.50
“
5.75
“
6 00
“
6.25
“
6.75
«
7.75
“

$196
184
173
162
151
141
131
121
112
103
94
85
77
69
61
54
47
39
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

34
67
27
17
56
22
27
64
27
20
42
91
63
64
90
35
03
92
01
29
73
33
09
00

Total
Value.

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

Shares in
Force.

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, .
April, 1897, .
Oct., 1897, .
April, 1898,.
Oct , 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D a te op
Issue.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

56
70
8
40
72
63
88
82
111
128
125
106
162
223
269
304
340
248
323
284
427
459
808
614

$10,995
12,926
1,386
6,486
10,912
8,896
11,551
9,974
12,461
13,209
11,802
9,106
12,576
15,529
16,651
16,522
15,990
9,900
10,662
7,466
8,424
6,118
5,728
614

04
90
16
80
32
86
76
48
97
60
50
46
06
72
10
40
20
16
23
36
71
47
72
00

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

40 00
$245,934 98

Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,283
Number of shares forfeited during the y e a r , ................................................. 75
Number of shares retired during the y e a r , ................................................. 314
Number of shares matured during the y e a r , ................................................. 7
Highest rate of premium or interest received on money sold during the y ea r:


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

36,778 98
2,117 00

*>
Total,

Number of shares issued during the y e a r , ....................................... 1,642
Number of shares now in f o r c e , ...........................................................5,410
Number of shares now borrowed u p o n ,................................................. 1,334

5J per cent.

$207,039 00

$245,934 98

84

R E P O R T O F TH E

[Pub. Doc.

Lowest rate of premium or interest received on money sold during the y ea r:
per cent.
Hate of profits distributed : 1st term,
per cent.; 2d term, 2^ per cent.
Number o f members withdrawn during the year, .
.
.
.
. 190
Present number of m e m b e r s ,.....................................................................
. 665
Present number of borrowers,....................................................................
. 136
Present number of non-borrow ers,................................................. ...........
. 529
Number of loans secured by first mortgage of real estate,
. 142
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, 1899,
Date of examination by commissioner: November 2, 9.


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

.

$5,000 00
50 00
1,720 51

No. 8 .]

85

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

GLO U C ESTER C O -O P E R A TIV E B A N K — GLOUCESTER.
Incorporated March 2, 1887.

Commenced business April 14, 1887. .

W . F r a n k P a r s o n s , President.

E v e r e t t L a n e , Secretary and Treasurer.

Names of security committee:
E d w i n O. P a r s o n s ,
D a n ie l H . W a l l a c e ,
T im o t h y A . L a n g s f o r d ,
H e r ber t P resson,
H en ry A . S w e tt.
Regular meetings the second Thursday of each month.
B a l a n c e Sh e e t O c t .

31,1899.

L ia b il it ie s .

A ssets.

$220,050 00
Loans on real estate,
18,150 00
Loans on shares, .
78 16
Temporary expense account,
5,945 61
Real estate by foreclosure, .
2,121 50
Unpaid interest,
139 45
Unpaid premiums,
171 90
Unpaid fines, .
.
.
.
29,408 33
Cash in hands of treasurer, .

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

$214,226
54,597
1,258
79
48
177
2,730
2,881
7
57

00
33
50
86
08
75
97
12
66
65
03

$276,064 95

$276,064 95

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
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,
real estate loans eliminated by maturity of
shares,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
real estate byforeclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$40,975
15,153
914
467
3
14,450

00
49
09
28
75
00

6,100 00
6,900 00
20,750 00
865 79

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
dues capital matured, .
profits capital withdrawn,
profits capital forfeited,
profits capital matured,
temporary expenses,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$29,750
12,250
15,733
819
29,892
3,469
193
13,086
1,372
8,375
29,408

00
00
00
00
00
64
91
36
36
53
33

4,778 45
32,992 28
$144,350 13

$144,350 13

86

R E P O R T O F TH E

[Pub. D oc.

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

Amount.

Bate.

$189,000 00
16,500 00
10,550 00

6.30 per cent.
6.60
“
6.90
<*

B eal E st a te .

Loans

Amount.
$1,800 00
2,200 00

on

Sh ar e s.

Bate.

Amount.

Bate.

7.20 per cent.
7.50
«

$15,550 00
1,900 00
700 00

6.30 per cent.
6.60
“
7.20
«

$198
187
175
164
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,

72
05
72
72
04
67
60
85
38
17
22
53
12
93
97
24
74
46
39
52
85
38
10
00

Total
Value.

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

Shares in
Force.

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, .
April, 1897, .
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D ate op
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

89
72
105
94
118
79
185
140
164
148
202
124
127
137
145
95
210
202
221
171
105
160
195
171

$17,686
13,467
18,450
15,483
18,176
11,349
24,716
17,339
18,758
15,565
19,436
10,853
10,048
9,717
9,130
5,247
10,025
8,172
7,379
4,534
2,084
2,140
1,384
171

08
60
60
68
72
93
00
00
32
16
44
72
24
41
65
80
40
92
19
92
25
80
50
00

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

$214,226 00
54,597 33
2,842 00

345 00
$271,665 33

Total,

$271,665 33

Number of shares issued during the y e a r , ..................................................... 470
Number of shares now in force.............................................................................. 3,459
Number of shares now borrowed u p o n ,............................................................1,391
Largest number o f shares held by any one member.......................................25
Number of shares withdrawn during the y e a r , ........................................... 308
Number of shares forfeited during the y e a r , ....................................................... 35
Number of shares matured during the y e a r , ..................................................... 212
Highest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Lowest rate o f premium or interest received on money sold during the year:
5 cents premium.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r ,........................................75
Present number of m e m b e r s ,.................................................................................. 601
Present number of borrowers..................................................................................... 241
Present number of non-borrowers.............................................................................360
Number of loans secured by first mortgage of real estate,
.
.
. 266
Number of loans on s h a r e s , .....................................................................................72
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 o f expenses of the corporation for the year ending Oct. 31, 1899,
.
1,372 36
Date of examination by commissioner : February 27.


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

No. 8 .]

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

87

G R A F TO N C O -O P E R A TIV E B A N K — G R AFTO N .
Incorporated Oct. 19, 1887.
D a n ie l N . G i b b s , President.

Commenced business N ov. 10, 1887.
J o se p h A . D o d g b , Secretary and Treasurer.

Names of security committee:
J o h n E . M cC l e l l a n ,
O l iv e h M . W
A l b e r t L . F is h e r .

in g ,

Regular meetings the second Thursday of each month.
Ba l a n c e Sh e e t O c t .

31,1899.

A ssets.

L ia b il it ie s .

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

$52,681
4,540
188
1,936

00
00
52
35

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

$46,464
10,998
675
1,208

$59,345 87

00
56
00
31

$59,345 87

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
R e c e ip t s.

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

From dues capital,
interest,
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
membership fees,
Cash on hand Oct. 31, 1898, .

$10,644
3,732
44
3
7,575

00
72
66
00
00

1,000
1,105
65
25
4,179

00
00
83
20
76

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,
interest on m a t u r e d
shares,
Cash on hand Oct. 31, 1899,

$28,375 17

$6,985
1,115
4,097
807
8,268
710
343
3,778
296

00
00
00
00
00
19
26
20
95

38 22
1,936 35
$28,375 17

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

R eal E state.

Amount.

Rate.

Amount.

$52,681 00

6.50 per cent.

-


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

L o a n s on Shares .

Rate.

-

Amount.
$4,540 00

Rate.
7.00 per cent.

88

R E PO R T O F TH E

[Pub. D oc.

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

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

$200
188
177
166
154
144
133
123
114
104
95
86
78
70
62
54
46
39
32
25
18
12
6

78
91
30
00
99
32
98
93
25
81
71
87
31
03
03
23
75
44
34
48
84
38
10

.

.

2
10
13
26
29
16
38
29
42
25
14
33
25
87
31
49
40
40
45
94
30
70
102

$401
1,889
2,304
4,316
4,494
2,309
5,091
3,593
4,798
2,620
1,339
2,866
1,957
6,092
1,922
2,657
1,870
1,577
1,455
2,395
565
866
622

.

Dues paid in advance, .
Total,

Total
Value.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
Force.

Series.

Date of
I ssue.

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

Value per
Share.

Reconciliation oj Share Account with Dues and Profits Capital.

.

•

56
10
90
00
71
12
24
97
50
25
94
71
75
61
93
27
00
60
30
12
20
60
20

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid d u e s,.
Suspense profits, .

$46,464 00
10,998 56
607 00
02

61 00
$58,069 58

Total,

$58,069 58

Number of shares issued during the y e a r , ................................................. 177
Number of shares now in f o r c e , .....................................................................890
Number of shares now borrowed upon............................................................... 371
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the y e a r , ........................................104
Number of shares retired during the y e a r , ................................................. 6
Number of shares matured during the y e a r , ................................................. 60
Highest rate of premium or interest received on money sold during the y e a r:
7 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 36
Present number of m e m b e r s ,.................................................................................. 151
Present number of borrow ers,.................................................................................... 61
Present number of n on -borrow ers,...........................................................................90
Number of loans secured by first mortgage of real estate,
.
.
.
55
Number of loans on s h a r e s , .................................................................................... 21
Largest loan to any one m e m b e r , .............................................................................. $4,675 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, 1899,
.
296 95
Date of examination by commissioner : April 21.


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

No. 8 .]

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

89

G R O V E L A N D C O -O P E R A TIV E B A N K — G R O V E LA N D .

--------Incorporated Nov. 4, 1895.
E d w a r d H . P a r k e r , President.

/

Commenced business Nov. 19, 1895.
A . S h i r l e y L a d d , Secretary and Treasurer.

Names of security committee:
E . H . G eorge,

Sa m u e l B . G e o r g e ,
W . H . D e w h ir s t .

Regular meetings the third Tuesday of each month.

Balance Sheet Oct. 31, 1899.

A sse ts.

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

L ia b il it ie s .

$>14,630
620
98
159
47
9
593

00
00
41
17
60
68
39

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

$16,158 25

$14,478
1,568
21
46
43

00
86
28
15
96

$16,158 25

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 31, 1899.

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, .
profits capital,
Cash on hand Oct. 31,1898, .


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

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

$5,558 00
768 32
60
41 76
25
2,800 00
255 00
28 43
77 16
7 60
959 60
$10,496 72

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
forfeited shares,
withdrawal profits,
Cash on hand Oct. 31, 1899,

$7,300
725
1,455
114
247
59
1
593

00
00
00
64
63
16
90
39

$10,496 72

[Pub. Doc.

R E P O R T O F TH E

90

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

Amount.

R ate.

$14,430 00

6.00 per cent.

Loans

R eal E state.

$200 00

Sh a r e s .

Amount.

Rata.

Amount.

on

*620 00

6.30 per cent.

Rate.
6.00 per cent.

1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8

$54
46
39
32
25
18
12
6

24
74
46
39
52
85
38
10

Total
Value.

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

Shares in
Force.

D ate of
I ssue.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

173
41
23
50
27
34
56
47

$9.383
1,916
907
1,619
689
640
693
286

T o t a l , .......................................

/

52
34
58
50
04
90
28
70

$16,136 86

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

Total,

$14,478 00
1,568 86
90 00

$16,136 86

Number of shares issued during the y e a r , ................................................. 119
Number of shares now in f o r c e , .....................................................................451
Number of shares now borrowed u p o n ,........................................................... 107
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 65
Number of shares forfeited during the y e a r , ................................................. 2
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
6 per cent.
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 14
Present number of m e m b e r s ,.................................................................................... 99
Present number of borrow ers,.................................................................................... 25
Present number of non-borrow ers,...........................................................................74
Number of loans secured by first mortgage of real estate,
.
.
.
20
Number of loans on s h a r e s , .......................................................................................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 ,..............................................................................
70 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
258 56
Date of examination by commissioner : June 1.


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Federal Reserve Bank of St. Louis

No. 8 .]

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

91

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.
G a m a l i e l Br a d f o r d , President.

Commenced business Aug. 6, 1886.
D a n ie l E l d r e d g e , Secretary and Treasurer.

Names of security committee :
Jo h n K . F e l l o w s ,
H . P. O a k m a n ,
W alter H. R

J a m e s M . S im p s o n ,
G a m a l ie l B r a d f o r d ,
ober ts.

Regular meetings the first Friday of each month.
B alan c e Sh ee t O ct.

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$200,100 00
Loans on shares, .
8,400 00
Temporary expense account,
575 00
15,639 59
Real estate by foreclosure, .
1,074 21
Unpaid interest,
Unpaid premiums,
43 25
Unpaid fines, .
.
.
.
89 73
Mortgages,
.
.
.
.
3,204 58
5,158 78
Cash in hands o f treasurer, .

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,
Matured share account,
Retired share account,.

$234,285 14

$196,196
25 524
5,127
185
224
1
308
2
2,750
2,082
5
202
1,672

00
87
33
90
47
25
52
64
00
53
90
98
75

$234,285 14

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .
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,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
retired share account, .
matured share account,
real estate by foreclosure, .
.
.
.
surplus account, .
mortgages, .
Cash on hand Oct. 31, 1898, .


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

$65,678
12,298
469
510
2
36,150

00
34
00
84
75
00

2,100 00
4,400
6,100
502
8
51,624
5,759

00
00
64
40
55
16

8,885
20
12
6,295

92
00
00
52

$200,817 12

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,
interest on retired and
matured shares,.
real estate bv foreclosure,
retired share account, .
matured share account,
dues capital, .
Cash on hand Oct. 31, 1899,

$39,100
8,450
16,906
205
44,703
7,901
2,011
33
7,517
3,310
2,232

00
00
00
00
00
00
00
60
60
96
82

818
6,332
50,559
5,556
20
5,158

50
91
77
18
00
78

$200,817 12

[Pub. D oc.

R E P O R T O F TH E

92

Total Amount o f Loans at Specified Bates o f Interest.
L oans

on

Amount.

Hate.

$89,950 00
600 00
97,950 00

5.00 per cent.
5.25
“
6.30
“

Lo a n s

R eal E st a te .

Rate.

Amount.
$6,300 00
3,300 00
2,000 00

on

Amount.

6.60 per cent.
6.90
“
7.20
«

$7,450 00
950 00

Sh ar e s.

Rate.
5.00 per cent.
6.30
“

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

1888, .
1888, .
1889, .
1889,.
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27

$189
178
167
156
146
136
126
117
108
99
90
82
74
66
58
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

87
58
59
95
65
60
84
40
22
34
75
42
31
42
78
35
14
13
32
72
31
08
00

23
18
12
34
62
15
30
39
93
210
215
24
88
205
364
266
343
483
509
627
458
628
578

Total
Value.

Shares in
Force.

Value per
Share.

D a te of
I ssu e.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$4,367
3,214
2,011
5,336
9,092
2,049
3,805
4,578
10,064
20,861
19,511
1,978
6,539
13,616
21,395
13.659
15,140
17,933
15,432
14,872
7,927
6,958
2,890

01
44
08
30
30
00
20
60
46
40
25
08
28
10
92
10
02
79
88
44
98
24
00

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

$196,196 00
25,524 87
1,976 00

462 00
$223,696 87

Total,

$223,696 87

Number of shares issued during the y e a r , ....................................... 1,243
Number of shares now in f o r c e , ...........................................................5,324
Number of shares now borrowed u p o n ,................................................. 1,264
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 550
Number of shares forfeited during the year......................................................11
Number of shares retired during the y e a r , ................................................. 660
Number of shares matured during the y e a r , ................................................. 56
Highest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2£ per cent.; 2d term, 2£per cent.
Number of members withdrawn during the y e a r , ........................................147
Present number of m e m b e r s ,.................................................................................. 725
Present number of borrowers..................................................................................... 126
Present number of non-borrowers, . ■ ...........................................................599
Number of loans secured by first mortgage of real estate,
.
.
.121
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 ,..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
2,232 82
Date of examination by commissioner : March 30.


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Federal Reserve Bank of St. Louis

No. 8 .]

93

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

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 , President.

W

il l i a m

H . P a g e , Secretary and Treasurer.

Names of security committee:
Jackson W

ebster,

W

arren

C h a r l e s S h a p l e ig h ,
W . P otter.

Regular meetings the first Monday of each month.
B alan ce Sh eet O ct.

31, 1899.

L ia b il it ie s .

A ssets.

Loans on real estate,
$296,300 00
Loans on shares, .
9.000 00
34,414 75
Real estate by foreclosure, .
Unpaid interest,
5,187 39
Unpaid premiums,
156 80
Unpaid fines, .
.
.
.
263 68
City of Haverhill, M ass., 4 s ,.
15.000 00
City of Brockton, Mass., 4s, .
35.000 00
6.000 00
City of Somerville, M ass., 4s,
5,000 00
County of Aroostook, Me., 4^s,
Mortgage balance account, .
477 42
152 90
Insurance account,
Cash in hands of treasurer, .
16,627 24

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

.

$349,144
64,745
4,000
46
528
5,115

00
55
00
89
63
11

$423,580 18

$423,580 18

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. SI, 1899.

R e c e ip t s.

From dues capital,
interest,
premiums, .
lines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure, .
.
.
.
mortgage balances,
matured share account,
retired share account, .
insurance, .
Cash on hand Oct. 31, 1898, .


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

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

$81,684
20,026
264
523
5
41,450

00
27
67
53
00
00

15,100 00
3,300
14,150
555
55
708

00
00
19
19
58

8,650
68
27,522
10,883
8
2,587

81
00
30
30
00
36

$227,542 20

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 m atured,.
temporary expenses,
forfeited shares,
real estate by foreclosure,
matured share account,
retired share account, .
bonds, .
.
.
.
insurance,
Cash on hand Oct. 31, 1899,

$49,100
11,750
36,717
2,305
9,903
25,618
5,552
551
2,090
10,672
2,410
257
17,176
22,407
11,242
3,000
160
16,627

00
00
00
00
00
00
07
94
51
20
04
84
69
19
58
00
90
24

$227,542 20

94

R E P O R T OF TH E

[Pub. Doc.

Total Amount o f Loans at Specified Bates o f Interest.
Loans

on

Real E state.

L oans

Amount.

Rate.

Amount.

Rate.

$267,400 00

5.00 per cent.

$28,900 00

6.30 per cent.

on

Rate.

Amount.
$8,500 00
150 00
350 00

Sh a r e s .

5.00 per cent.
6.00
“
6.30
“

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

$191
179
168
157
147
137
127
118
109
100
91
83
75
67
60
52
45
38
31
25
18
12
6

Dues paid in advance, .
Total,

04
57
48
77
43
40
72
30
17
35
81
49
46
70
10
75
58
59
75
09
60
25
06

Total
Value.

M ay,
Nov.,
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,
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 o f Share Account with Dues and Profits Capital.

95
127
113
88
109
174
185
152
250
107
323
294
290
286
453
555
314
478
449
190
689
425
561

$18,148
22,805
19,038
13,883
16,069
23,907
23,628
17,981
27,292
10,737
29,654
24,546
21,883
19,362
27,225
29,276
14,312
18,446
14,255
4,767
12,815
5,206
3,399

80
39
24
76
87
60
20
60
50
45
63
06
40
20
30
25
12
02
75
10
40
25
66

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

$349,144 00
64,745 55
5,037 00

283 00
$418,926 55

Total,

$418,926 55

Number of shares issued during the y e a r , ....................................... 1,043
Number of shares now in f o r c e , ...........................................................6,707
Number of shares now borrowed u p o n ,................................................. 1,731
Largest number o f shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ....................................... 862
Number of shares forfeited during the y e a r , ................................................. 88
Number of shares retired during the y e a r , ................................................. 123
Number of shares matured during the y e a r , ................................................. 178
Highest rate of premium or interest received on money sold during the year:
5 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2| per cent.; 2d term, 2 per cent.
Number of members withdrawn during the y e a r ,....................................... 115
Present number of members, .
........................................................... 999
Present number of borrow ers,.................................................................................. 253
Present number of non-borrow ers,.........................................................................746
Number of loans secured by first mortgage of real estate,
.
.
. 216
Number o f loans on s h a r e s , .................................................................................... 37
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, 1899, ,
2,410 04
Date of examination by commissioner: July 7.


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

No. 8 .]

95

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

H E N R Y W IL S O N C O -O P E R A TIV E B A N K — N A T IC K .
Incorporated Oct. 23, 1886.

Commenced business Nov. 12, 1886.

J o h n R . A d a m s , President.
H arvey H. W

h it n e y ,

E r d i x T . T u r n e r , Secretary.
Treasurer.

Names of security committee:
JuDSO N

E . Sw EETLAN D ,

F R A N C IS

D a n ie l C. F e l t o n ,

C. P E R R Y ,

H arvey H. W

h it n e y .

Regular meetings the second Friday of each month.
B a la n c e Sh e e t O c t .

A ssets.

31, 1899

L ia b il it ie s .

$123,850 00
Loans on real estate,
11,650 00
Loans on shares, .
218 25
Permanent expense account,
23,325 00
Real estate by foreclosure, .
1,241 74
Unpaid interest,
111 65
Unpaid premiums,
110 74
Unpaid fines, .
.
.
.
Real estate investment ac­
1,300 00
count, .......................................
7,351 25
Cash in hands of treasurer, .

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

$169,158 63

$138,343
28,483
593
1,707
31

00
12
66
59
26

$169,158 63

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

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
rents...................................
real estate by foreclosure, .
.
.
.
surplus account, .
Cash on hand Oct. 31, 1898, .


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

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

$29,415
8,683
436
200
1
24,600

00
62
66
31
50
00

6,400
3,050
943
1,399

00
00
70
25

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital matured, .
profits capital withdrawn,
profits capital m atured,.
temporary expenses,
interest, .
.
.
.
real estate by foreclosure,
surplus account, .
Cash on hand Oct. 31, 1899,

$25,400
6,200
18,965
12,362
3,773
5,080
788
119
1,131‘
100
7,351

00
00
00
00
29
17
31
64
56
00
25

3,111 32
100 00
2,929 86
$81,271 22

$81,271 22

96

R E P O R T O F TH E

[Pub. Doc.

Total Amount o f Loans at Specified Rates oj Interest.
L oans on R eal E sta te .

Kate.

o ©

o ©

o o
o o

Amount.

5.00 per cent.
5.25
“
5.75
“

o
o
o
o

CO^bOjD

Amount.

L oans on Shakes .

Rate.

84,050 00
73,800 00

Amount.

6.00 per cent.
6.30
“

$4,700
1,050
5,700
200

00
00
00
00

Rate.
5.00 per cent.
6.00
“
6.30
“
6.60
»

1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

$201
189
178
167
156
146
136
127
117
108
100
91
83
75
67
59
52
45
38
31
25
18
12
6

Dues paid in advance, .
Total,

09
48
25
36
81
59
70
10
83
81
07
55
30
27
49
93
59
48
54"
76
12
63
28
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,
Nov.,
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 ssue .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

72
41
70
37
23
51
72
75
32
67
96
73
78
98
208
196
101
153
254
117
51
82
222
253

$14,478
7,768
12,477
6,192
3,606
7,476
9,842
9,532
3,770
7,290
9,606
6,683
6,497
7,376
14,037
11,746
5,311
6,958
9,789
3,715
1,281
1,527
2,726
1,535

48
68
50
32
63
09
40
50
56
27
72
15
40
46
92
28
59
44
16
92
12
66
16
71

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

$138,343 00
28,483 12
4,417 00

14 00
$171,243 12

Total,

$171,243 12

Number of shares issued during the year.......................................................... 507
Number of shares now in f o r c e , ...........................................................2,522
Number of shares now borrowed upon.............................................................. 988
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................371
Number of shares matured during the y e a r , ................................................. 88
Highest rate o f premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2J per cent.; 2d term, 2| per cent.
Number of members withdrawn during the y e a r , ....................................... 46
Present number of m e m b e r s ,.................................................................................. 346
Present number o f borrowers......................................................................................121
Present number of n on-borrow ers,.........................................................................225
Number of loans secured by first mortgage of real estate,
.
.
. 102
Number of loans on s h a r e s , .................................................................................... 73
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 ,...............................................................................
100 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
.
788 31
Date of examination by commissioner : January 17.


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

No. 8.]

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

97

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

Incorporated Feb. 24, 1899.
J a m e s F . B l is s , President.

Commenced business Feb. 27, 1899.
T h o m a s J. S p r o u l , Secretary and Treasurer.

Names of security committee:
J o se p h E n g e l ,
A braham T. W

G eo rg e F in n e r a n ,
J a m e s P. C l e a r y .

e in z ,

Regular meetings the third Monday of each month.

B alan ce S heet O ct.

A ssets .

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

31, 1899.

L ia b il it ie s .

$6,800
60
300
36
17
4,775

00
00
00
00
84
14

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

$11,988 98

$11,769
64
144
7

00
00
72
69
57
3 00

$11,988 98

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
R eceipts .

From dues capital,
interest,
fines,
.
.
.
.
transfer fees,
withdrawal profits,


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

D isbursements .

$12,322 00
204 82
19 81
50
57

$12,547 70

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1899,

$6,800
60
553
2
48
308
4,775

00
00
00
85
00
71
14

$12,547 70

[Pub. D oc

R E P O R T O F TH E

98

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Shares .

L oans on R eal E sta te .

$5,000 00

Amount.

Rate.

Amount.

Rate.

5.00 per cent.

$1,800 00

5.50 per cent.

Amount.

$60 00

Rate.

6.25 per cent.

$9 05
3 00

Total
Value.

1
2

Shares in
Force.

Feb., 1899, .
A ug., 1899, .

Value per
Share.

D ate of
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

1,280
237

$11,584 00
711 00

Dues paid in advance, .
T o t a l , .......................................

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

$11,769 00
64 00
534 00

72 00
$12,367 00

Total,

$12,367 00

Number of shares issued during the y e a r , ....................................... 1,678
Number of shares now in f o r c e , ...........................................................1,517
Number of shares now borrowed upon............................................................... 54
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 161
Highest rate of premium or interest received on money sold during the y ea r:
6| per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, l j per cent.*
Number of members withdrawn during the year........................................... 21
Present number of members........................................................................................178
Present number of borrowers.......................................................................................... 4
Present number of non-borrowers, ..........................................................................174
Number of loans secured by first mortgage o f 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 ,...............................................................................$5,000 00
Smallest loan to any one m e m b e r ,...............................................................................
60 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
56 71
Date of examination by commissioner: December 29.


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

* This bank commenced business Feb. 24, 1899.

No. 8 .]

99

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

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

Incorporated June 1,1889.
E

bed

L. R i p l e y , President.

Commenced business June 5, 1889.
W

alter

B . F o st e r , Secretary and Treasurer.

Names of security committee:
C. S u m n e r C u s h in g ,
I r a G. H e r s e y ,
E dw ard W . Bartlett,
S tetso n F o s t e r ,
F r a n c is M . R i p l e y .

Regular meetings the first Wednesday of each month.

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

31, 1899.

L ia b il it ie s .

A ssets .

$169,000 00
Loans on real estate,
6,750 00
Loans on shares, .
140 45
Permanent expense account,
1,937 69
Real estate by foreclosure, .
764 63
Unpaid interest,
.
36 35
Unpaid premiums,
112 42
.
.
.
Unpaid fines, .
14,194 01
Cash in hands of treasurer, .

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

$157,613
33,650
708
956
6

00
62
41
90
62

$192,935 55

$192,935 55

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
D isburses! ents .

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
real estate by foreclos­
ure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$39,245
10,862
563
393

00
66
04
92
75
20,350 00
5,300 00
347 43
138 65
6,718 33

$83,919 78

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
forfeited shares,
interest on retired shares,
real estate by foreclosure,
security committee,
Cash on hand Oct. 31,1899, .

$17,400
6,400
10,861
24,289
1,388
7,668
1,004
352
308
41
10
14,194

00
00
00
00
91
13
83
64
48
90
88
01

$83,919 78

100

[Pub. D oc.

R E P O R T O F TH E

Total Amount o f Loans at Specified Rates o f Interest.
Loans on R eal E sta te .

L oans on Shares .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$16,650 00
7,500 00
1,400 00

5.00 per cent.
5.50
“
5.75
»

$138,850 00
3,000 00
1,600 00

6.30 per cent.
6.60
“
6.90
“

$800
1,250
4,500
200

5.00 per cent.
5.25
“
6.30
»
7.80
“

00
00
00
00

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

$175
165
155
144
134
123
114
104
95
86
78
70
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

29
93
00
36
04
99
27
87
76
95
40
13
11
33
79
48
39
52
85
38
10

Total
Value.

June,
N ov.,
M ay,
N ov.,
M av,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
May,
N ov.,
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 o f Share Account with Dues and Profits Capital.

29
7
62
97
131
103
175
116
84
121
206
92
218
97
227
144
250
254
215
261
303

$5,083
1,161
9,610
14,002
17,559
12,770
19,997
12,164
8,043
10,520
16,150
6,451
13,539
5,270
10,621
5,685
8,097
6,482
4,052
3,231
1,848

41
51
00
92
24
97
25
92
84
95
40
96
98
01
33
12
50
08
75
18
30

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

33,650 62
1,208 00

126 00
$192,471 62

Total,

Number of shares issued daring the year,
591
Number of shares now in force,
.
.
.
.
3,192
Number of shares now borrowed upon, .
1,079
Largest number of shares held by any one member,
25
Number of shares withdrawn during the year,
304
N umber of shares retired during the year,
240
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent
Number of members withdrawn during the year, .
53
Present number of m e m b e r s ,.................................................
441
Present number of borrow ers,.................................................
145
Present number of non-borrow ers,.......................................
296
Number of loans secured by first mortgage of real estate,
154
Number of loans on s h a r e s , .................................................
51
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 o f the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : September 21.


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

$157,613 00

$192,471 62

$5,000 00
50 00
1,098 43

No. 8 .]

101

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

H O L B R O O K C O -O P E R A T IV E B A N K -H O L B R O O K .
Incorporated May 11, 1888.
W . F . G l e a s o n , President.

Commenced business June 11, 1888.
G eorge T . W

il d e ,

Secretary and Treasurer.

Names of security committee:
Z en as A . F r e n c h ,

F r a n k B. D i m a n ,

C h a r l e s H . M cC a r t e r .
Regular meetings the second Tuesday of each month.
B a la n c e Sh e e t Oc t .

L ia b ilit ie s .

A ssets .

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

31, 1899.

$44,000
3,900
57
3,262
923
50
73
3,746

00
00
58
34
66
70
76
71

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

$41,232
11,240
1,348
75
82
23
14
395
1,602

00
58
49
55
82
50
27
51
00
03

$56,014 75

$56,014 75

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
surplus,
real estate by foreclosure,
Cash on hand Oct. 31, 1898, .


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

$8,435
2,981
161
186
1
3,350

00
18
00
76
25
00

6,200
2,025
43
22
710
82

00
00
48
34
33
85

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,
surplus, .
.
.
.
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$5,250
2,800
1,524
621
4,693
186
89
1,977
159
710
70
142
6,580
3,746

00
00
00
00
00
44
33
15
42
33
50
59
93
71

3,318 59
1,033 62
$28,551 40

$28,551 40

102

[Pub. D oc

R E P O R T O F TH E

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

Amount.
$44,000 00

j

L oans on Shares .

Rate.

Amount.

Rate.

6.30 per cent.

-

-

Amount.
$3,900 00

Rate.
6.30 per cent.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

$193
181
170
159
148
139
129
119
110
101
92
83
75
67
59
52
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

49
45
76
92
92
23
19
68
36
28
47
90
57
55
72
08
70
53
59
87
39
10
00

Total
Value.

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

Shares in
Force.

D ate of
Issue .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

70
69
5
17
2
3
14
15
10
13
11
10
8
48
11
30
45
56
56
53
63
70
20

$13,544
12,520
853
2,718
297
417
1,808
1,795
1,103
1,316
1,017
839
604
3,242
656
1,562
2,011
2,101
1,713
1,265
1,095
777
100

30
05
80
64
84
69
66
20
60
64
17
00
56
40
92
40
50
68
04
11
57
00
00

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

$41,232 00
11,239 77
982 00

91 00
$53,453 77

Total,

$53,453 77

Number of shares issued during the y e a r , ................................................. 99
Number of shares now in f o r c e , .....................................................................699
Number of shares now borrowed u p o n ,...........................................................325
Largest number of shares held by any one member,
.
.
.
.
18
Number of shares withdrawn during the y e a r , ....................................... 59
Number of shares forfeited during the y e a r , ................................................. 32
Number of shares retired during "the y e a r , ................................................. 35
Highest rate of premium or interest received on money sold during the y e a r:
6 3-10 percent.
Lowest rate of premium or interest received on money sold during the y e a r:
6 3-10 per cent.
Rate of profits distributed: 1st term, 3J per cent.; 2d term, 3 per cent.
Number of members withdrawn during the year........................................... 15
Present number of m e m b e r s ,...................................................................................139
Present number of borrowers,.....................................................................................58
Present number of non-borrow ers,...........................................................................81
Number of loans secured by first mortgage o f real estate,
.
.
.4 6
Number of loans on s h a r e s , .....................................................................................12
Largest loan to any one m e m b e r ,.............................................................................. $3,600 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, 1899, .
159 42
Date of examination by commissioner: March 10.


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

No. 8 .]

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

103

H O L Y O K E C O -O P E R A T IV E B A N K — H O L Y O K E .
Incorporated July 24, 1880.
C h a r l e s L. N e w c o m b , President.

Commenced business Aug. 25, 1880.
D w i g h t 0 . J u d d , Secretary and Treasurer.

Names of security committee :
John H . M o n tg o m er y ,
W . H. Bullard,
T homas W . D o y l e .
Regular meetings the fourth Wednesday of each month.
B a la n c e Sh ee t O ct.

A ssets .

31, 1899.

L ia b ilit ie s .

$225,900 00
Loans on real estate,
Loans on shares, .
17,300 00
Permanent expense account,
122 14
2,412 35
Real estate by foreclosure, .
Unpaid interest,
1,198 61
Unpaid premiums,
2 39
Unpaid fines, .
.
.
.
38 96
1,999 00
Unpaid dues, .
.
.
.
445 50
Furniture account,
Cash in hands of treasurer, .
33,287 03

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

.

$282,705 98

$235,264
44,507
1,358
27
1,549

00
00
18
65
15

$282,705 98

Detailed Statement o f Receipts and Disbursements for the Year enclina
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
temporary expense account,
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$70,993
15,942
39
786
3
46,850

00
37
76
.57
25
00

1,200 00
2,700
17,200
827
6
201

00
00
43
39
94

50 50
1,352 99
19,851 27
$178,005 47

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,
interest on retired shares,
interest on m a t u r e d
shares,
interest refunded, .
fines repaid, .
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$45,850
18,350
28,181
243
31,635
1,974
3 898
13
9,536
830
1,734
7
201
761

00
00
00
00
00
00
09
68
09
26
19
50
94
57

41
10
2
1,447
33,287

72
00
52
88
03

$178,005 47

104

R E P O R T O F TH E

[Pub. D oc

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

Amount.
$43,300
172,850
2,000
6,300

Rate.

00
00
00
00

L oans on Shakes .

Amount.

5.00 per cent.
6.00
“
6.06
“
6.30
«

Rate

$1,000 00 6.54 per cent.
350 00 6.96
«
100 00 10.68
“

Amount.

Rate.

$5,300 00
12,000 00

5.00 per cent.
6.00
“

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

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

$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,

32
67
36
37
72
36
31
55
08
89
95
28
86
69
76
06
58
32
27
43
79
34
08

Total
Value.

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

Shares In
Force.

D ate of
I ssue .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

51
40
19
85
100
80
73
112
110
169
129
80
202
226
246
375
341
290
343
580
633
649
912

$10,063
7,426
3,312
13,886
15,272
11,388
9,658
13,725
12,438
17,557
12,248
6,902
15,727
15,749
15,192
20,272
15,883
11,402
11,068
14,749
11,894
8,008
5,544

32
80
84
45
00
80
63
60
80
41
55
40
72
94
96
50
78
80
61
40
07
66
96

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

44,507 00

394 00
$279,771 00

Total,

Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number o f 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, .
Number o f shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold
6 per cent.
Lowest rate of premium or interest received on money sold
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term,
Number of members withdrawn during the year, .
Present number of m e m b e r s ,.................................................
Present number of borrow ers,.................................................
Present number of non-borrow ers,.......................................
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
Date of examination by commissioner: September 15.


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

$235,264 00

.

.

$279,771 00
1,679
5,845
1,641
25
861

21
307
14
during the year :
during the year :
3 per cent.
175
956
297
659
226
71
»
,
Oct. 31, 1899,, .

$4,000 00
50 00
1,711 70

No. 8 .]

105

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

HOME C O -O P E R A TIV E B A N K — W O R C E ST E R .
Incorporated June 10, 1882.

Commenced business June 16, 1882.

E . H . T ow ne , President.

T. J. H astings , Secretary and Treasurer.

Names of security committee :

D a n ie l P a r l in ,

E . J. B a r d w e l l ,
D. C. L eonard .

Regular meetings the Friday preceding the third Monday of each month.

B alan ce Sh eet O ct.

A ssets .

31, 1899.

L ia b ilit ie s .

Loans on real estate,
$323,350 00
Loans on shares, .
9,960 00
Temporary expense account,
773 28
Mortgage,
.
.
.
.
3,300 00
Cash in hands of treasurer, .
25,205 04

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

$362,588 32

$295,940
50,371
6,092
357
4
2,780
6,967
75

00
78
20
48
00
00
69
17

$362,588 32

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. SI, 1899.
R eceipts .

From dues capital,
interest,
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
expense account, .
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$86,315
21,503
791
7
92,350
10,180
637
2
132
190
17,600

00
07
54
25
00
00
04
67
22
60
68

$229,710 07

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 m atured,.
temporary expenses,
forfeited shares,
Cash on hand Oct. 31, 1899,

$82,550
9,350
39,028
120
32,608
16,414
6,957
18
8,098
7,593
1,634
133
25,205

00
00
00
00
00
00
05
46
21
46
35
50
04

$229,710 07

106

R E P O R T O F TH E

[Pub. Doc

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

Amount.
$268,250
23,850
14,500
8,250
1,800

Rate.

00
00
00
00
00

L oans on Shares .

Amount.

6 per cent.
6*
“
6|
“
6&
“
6i
“

$2,600
2,600
400
1,100

Rate.

00
00
00
00

6| per cent.
6|
“
7
n
“

Amount.
$8,925
860
50
125

00
00
00
00

Rate.
6 per cent.
6i
“
6i
“
6f
“

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

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

$194
182
171
160
149
138
129
119
109
100
91
83
75
67
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

•

•

30
47
08
00
34
99
00
31
93
82
98
43
14
13
36
83
50
41
52
86
38
10
00

11
111
40
99
142
39
130
136
137
163
29
329
370
377
226
324
402
533
722
660
573
827
973

.

Total
Value.

Valueper
Share.

Series.

D ate of
I ssue .

Shares in
Force

Reconciliation o f Share Account with Dues and Profits Capital.

$2,137
20,254
6,843
15,840
21,206
5,420
16,770
16,226
15,060
16,433
2,667
27,448
27,801
25,308
13,415
16,792
17,889
19,939
22,035
15,747
9,958
9,179
4,865

30
17
20
00
28
61
00
16
41
66
42
47
80
01
36
92
00
53
44
60
74
70
00

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

50,371 78
3,265 00

336 00
$349,576 78

Total,

Number of shares issued during the y e a r , ....................................... 1,906
Number of shares now in f o r c e , ...........................................................7,353
Number of shares now borrowed u p o n ,................................................. 1,898
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 987
Number o f shares forfeited during the y e a r , ................................................. 20
Number of shares retired during the y e a r , ................................................. 404
Number of shares matured during the y e a r , ................................................. 119
Highest rate of premium or interest received on money sold during the year:
6J per cent.
Lowest rate o f premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 3| per cent.; 2d term, 3 per cent.


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

$295,940 00

$349,576 78

No. 8 .]

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

107

Number of members withdrawn during the y e a r , ....................................... 150
Present number of m e m b e r s ,.................................................................................. 796
Present number of borrow ers,.................................................................................. 180
Present number of non-borrow ers,........................................................................ 616
Number of loans secured by first mortgage of real estate,
.
.
. 178
Number of loans on s h a r e s , ....................................................................................48
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, 1899, .
1,443 75
Date of examination by commissioner: May 5.


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

108

R E P O R T O F TH E

[Pub. Doc

H O M E STE AD C O -O P E R A T IV E B A N K — BOSTON".
Incorporated Sept. 11, 1877.

W a lt er H. R oberts , President.

Commenced business Sept. 12, 1877.

D an iel E l d r e d g e , Secretary and Treasurer.

Names of security committee:

J ames M. S im pson ,
W il lis S. M ason ,
J ohn C. Cook ,
John K. F ellow s ,
W a lt er H . R oberts .
Regular meetings the second Wednesday of each month.
B alance Sheet Oct.

A ssets .

31, 1899.
L ia b il it ie s .

Loans on real estate,
$323,350 00
Loans on shares, .
9,300 00
350 00
Temporary expense account,
Real estate by foreclosure, .
16,694 92
Unpaid interest,
2,457 21
121 10
Unpaid premiums,
Unpaid fines, .
.
.
.
228 44
Mortgages,
.
.
.
.
21,496 06
Personal accounts,
159 28
Cash in hands of treasurer, .
5,283 22

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,
Retired share account,
Matured share account,
Personal account,

$379,440 23

$304,574
54,740
3,597
149
178
2
135
1
3,750
10,494
405
1,331
5
73

00
40
61
90
66
50
63
64
00
39
14
55
09
72

$379,440 23

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
retired share account, .
mortgages, .
real estate by foreclosure, .
.
.
.
matured share account,
surplus account, .
personal account,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$84,828
20,497
1,045
1,073
8
56,750

00
78
52
24
25
00

11,500 00
9,550
15,050
1,214
39
169
54,451
2,975

00
00
60
88
33
28
10

22,532
10,567
9
18
12,742

92
88
00
89
31

$305,023 98

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,
forfeited shares,
interest on retired and
matured shares,.
real estate by foreclosure,
retired share account, .
mortgages,
personal account, .
matured share account,
dues,
.
.
.
.
Cash on hand Oct. 31,1899, .

$79,200
10,000
29,949
1,134
47,885
14,103
4,859
159
12,601
6,659
2,299
106

00
00
00
00
00
00
24
61
20
22
68
90

622
15,506
55,405
8,590
81
10,567
9
5,283

95
53
63
71
21
88
00
22

$305,023 98

No. 8 .]

109

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

Total Amount o f Loans at Specified Bates o f Interest.
L oans on Shares .

L oans on R eal E state .

Amount.
$83,100
19,800
2,000
4,500
6,000
156,250

00
00
00
00
00
00

Hate.
5.00 per cent.
5.25
“
5.50
“
5.75
“
6.00
“
6.30
“

$35,250
11,400
2,650
1,400
1,000

00
00
00
00
00

Rate.

Amount.

Rate.

Amount.

6.60 per cent.
6.90
“
7.20
«
7.50
“
7.80
»

$5,600
1.400
700
1.400
200

00
00
00
00
00

5.00 per cent.
5.25
“
6.00
“
6.30
«
7.20
»

23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45

$191
179
168
156
146
135
125
115
106
97
88
79
71
63
55
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

•

r

72
73
10
94
11
64
52
75
32
18
37
86
64
65
94
46
23
20
38
76
34
09
00

Total
Value.

1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895,.
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .
1899, .

Shares in
Force.

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

Series.

D ate op
I ssue .

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

59
36
62
41
60
124
310
212
167
28
118
378
333
510
378
361
490
520
556
627
678
650
555

$11,311
6,470
10,422
6,434
8,766
16,819
38,911
24,539
17,755
2,721
10,427
30,187
23,856
32,461
21,145
17,494
20,202
17,784
15,223
13,016
9,722
5,258
1,110

48
28
20
54
60
36
20
00
44
04
66
08
12
50
32
06
70
00
28
52
52
50
00

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

54,740 40
3,059 00

333 00
$362,373 40

Total,

Number of shares issued during the year................................................1,537
Number of shares now in f o r c e , ........................................................... 7,253
Number of shares now borrowed upon, .
.
.
.
.
1,903
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 848
Number of shares forfeited during the y e a r , ................................................. 49
Number of shares retired during the y e a r , ................................................. 540
Number o f shares matured during the year...................................
. 103
Highest rate of premium or interest received on money sold during the y ea r:
5£ per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2£ per cent.; 2d term, 2| per cent.


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

$304,574 00

$362,373 40

110

R E P O R T O F TH E

[Pub. D oc

Number of members withdrawn during the y e a r ,........................................179
Present number of m e m b e r s ,.................................................................................. 909
Present number of borrow ers,.................................................................................. 201
Present number of non-borrowers,.........................................................................708
Number of loans secured by first mortgage of real estate,
.
.
. 202
Number of loans on s h a r e s , .................................................................................... 43
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, 1899, .
2,299 68
Date of examination by commissioner : March 30.


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

No. 8 .]

Ill

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

H O USATO NIC CO -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.

Commenced business July 12, 1889.

N a th an iel W a r n e r , President.
J ohn F . B a il e y , Secretary.
M ich ael J. L e a h y , Treasurer.

Names of security committee:
F . M. M oore ,

R . H . M cD onald ,
E . S. T h atch er .

Regular meetings the first Monday of each month.

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

L ia b ilit ie s .

A ssets .

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

31, 1899.

$21,850
1,750
113
15
1,150

00
00
22
26
01

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

$20,410
4,113
154
200

00
96
21
32

$24,878 49

$24,878 49

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .


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

$5,282 00
1,296 17
14 24
50
1,100 00
850 00
93 85
971 13
$9,607 89

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
Cash on hand Oct 3 1 ,1 8 9 9 ,.

$2,250
850
4,312
934
111
1,150

00
00
00
38
50
01

$9,607 89

112

R E P O R T O F TH E

[Pub. D oc.

Total Amount o f Loans at Specified Bates of Interest.
L oans on R eal E state .

Amount.

Rate.

$3,550 00
2,200 00
8,600 00

L oans on Shakes .

Amount.

5.00 per cent.
5.25
“
5.50
«

Rate.

$2,100 00
5,400 00

Amount.

5.75 per cent.
6.00
“

$650 00
400 00
700 00

Rate.
5.00 per cent.
5.50
“
6.00
»

1889,
1890,
1891,
1891,
1892,
1892,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

1
2

4
5
6

7
9
10
11
12
13
14
15
16
17
18
19
20

$164
155
135
125
116
107
90
82
74
66
53
46
39
32
25
18
12
6

83
03
26
86
78
81
60
30
20
30
53
20
07
15
39
80
37
10

Total
Value.

July,
Jan.,
Jan.,
July,
Jan.,
July,
July,
Jan.,
July,
Jan.,
N ov.,
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 o f Share Account with Dues and Profits Capital.

43
1
12

$7,087
155
1,623
755
1,634
1,509
1,993
1,646
519
994
1,552
231
937
1,221
1,523
169
680
481

6

14
14
22
20
7
15
29
5
24
38
60
9
55
79

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

69
03
12
16
92
34
20
00
40
50
37
00
68
70
40
20
35
90

$24,715 96

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

$20,410 00
4,113 96
192 00

Total,

$24,715 96

Number of shares issued during the y e a r , ................................................. 147
Number of shares now in f o r c e , .....................................................................453
Number of shares now borrowed u p o n ,...........................................................156
Largest number of shares held by any one member,
.
.
.
.
20
Number o f shares withdrawn during the y e a r , ....................................... 84
Highest rate of premium or interest received on money sold during the year:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2J per cent.; 2d term, 3 per cent.
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-borrow ers,...........................................................
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, 1899
Date of examination by commissioner : October 3.


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

6
97
30
67
19
16

.

$2,000 00
50 00
111 50

No. 8 .]

113

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

HU DSON C O -O P E R A TIV E B A N K — H U DSON.
Incorporated Oct. 22, 1885.

Commenced business N ov. 19, 1885.

A . T . K n ig h t , President.
S avillian A rn old , Treasurer.

C. H . H il l , Secretary.

Names of security committee:

H. H enry H apgood ,
F r an k E . B row n ,
C harles F. W elc h .
Regular meetings the third Thursday of each month.
Balance Sheet O ct.

31, 1899.

L ia b ilit ie s .

A ssets .

$202,900 00
Loans on real estate,
7,500 00
Loans on shares, .
200 00
Permanent expense account,
23,689 85
Real estate by foreclosure, .
1,431 25
Unpaid interest,
3,031 36
Mortgage,
.
.
.
.
15,061 11
Cash in hands of secretary, .

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

$204,165
46,129
2,050
594
875

00
30
00
17
10

$253,813 57

$253,813 57

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

R eceipts .

From dues capital,
interest,
premiums, .
fines....................................
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeited shares, .
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$47,937
12,779
26
492
33,500

00
40
22
40
00

2,800
6,835
1,398
584

00
00
28
90

2.156 30
3,544 13

$112,053 63

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,
interest on m a t u r e d
shares,
real estate by foreclosure,
attorney’ s fees,
Cash on hand Oct. 31, 1899,

$28,100
5,935
33,898
404
455
12,320
5,381
55
135
5,264
925

00
00
00
00
00
00
06
35
42
36
79

18
4,083
16
15,061

25
79
50
11

58112,053 63

114

[Pub. D oc

R E P O R T OF TH E

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Shakes .

L oans on R eal E state .

Rate.

Amount.

Rate.

Amount.

Rate.

6.00 per cent.
6.30
“

$1,000 00

6.60 per cent.

$7,500 00

6.00 per cent.

Amount.
$196,250 00
5,650 00

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

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

$197
185
173
162
152
141
131
121
112
103
94
85
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

14
40
87
82
07
61
53
80
30
12
23
62
27
18
34
75
37
18
19
40
90
36
10

Total
Value.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1891,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares In
Force.

Series.

D ate 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,
Nov ,
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 o f Share Account with Dues and Profits Capital.

73
51
91
116
89
118
79
101
97
143
86
181
99
187
169
346
152
206
244
304
253
282
434

$14,391
9,455
15,822
18,887
13,534
16,709
10,390
12,301
10,893
14,746
8,103
15,497
7,649
12,936
10,366
18,597
7,048
8,071
7,854
7,721
4,781
3,485
2,647

22
40
17
12
23
98
87
80
10
16
78
22
73
66
46
50
24
08
36
60
70
52
40

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

$204,165 00
46,129 30
2,453 00

854 00
$252,747 30

Total,

$252,747 30

Number of shares issued during the y e a r , ................................................. 839
Number of shares now in f o r c e , ...........................................................3,901
Number of shares now borrowed u p o n ,................................................. 1,163
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 853
Number of shares forfeited during the y e a r , ................................................. 19
Number of shares retired during the y e a r , ................................................. 15
Number of shares matured during the y e a r , ................................................. 88
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 2^ per cent.; 2d term, 2| per cent.
Number o f members withdrawn during the y e a r ,....................................... 56
Present number of members....................................................................................... 543
Present number of borrow ers,.................................................................................. 174
Present number of non-borrow ers,........................................................................ 369
Number of loans secured by first mortgage of real estate,
.
.
.151
Number of loans on s h a r e s , ....................................................................................23
Largest loan to any one m e m b e r ,.............................................................................. $5,000 00
8*mallest loan to any one m e m b e r ,..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
.
925 79
Date of examination by commissioner: February 13.


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

No. 8 .]

115

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

H Y D E P A R K C O -O P E R A T IV E B A N K — H Y D E P A R K .
Incorporated March 26, 1886.
T h o m a s E . F a u n c e , President.

Commenced business May 5, 1886.

G e o r g e T . B r a d y , Secretary and Treasurer.

Names of security committee :
H ir a m J. T o w n s e n d ,
C h a r l e s F . M o r r is o n ,
C h a r l e s S. P r e sc o t t .
Regular meetings the first Wednesday of each month.
B alan ce Sh eet O ct.

31, 1899.

L ia b il it ie s .

A ssets.

$201,250 00
Loans on real estate,
10,360 00
Loans on shares, .
80 00
Permanent expense account, .
345 25
Temporary expense account,
11,575 96
Real estate by foreclosure, .
46 84
Unpaid fines, .
.
.
.
4,000 00
Mortgages,
.
.
.
.
3,964
41
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series),
Interest,
.
.
.
.
Premiums, .
.
.
.
Transfer fees,
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

.

$188,808
38,371
881
10
1
115
4
1,881
1,546
1

00
73
42
64
00
47
85
89
41
05

$231,622 46

$231,622 46

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
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,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure, .
.
.
.
insurance, .
Cash on hand Oct. 31, 1898, .


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

$52,581
12,777
559
508
5
53,000

00
94
17
33
25
00

6,600 00
6,050
11,530
897
9
452

00
00
69
31
35

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 m atured,.
temporary expenses,
forfeited shares,
real estate by foreclosure,
mortgage,
Cash on hand Oct. 31, 1899,

$61,200
13,500
27,380
439
10,005
13,808
3,591
37
2,648
6,243
1,855
452
2,983
4,000
3,964

00
00
00
00
00
00
88
28
55
49
97
35
23
00
41

150 56
18 75
6,968 81
$152,109 16

$152,109 16

116

R E P O R T O F TH E

[Pub. D oc

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$105,350
5,800
200
600

on

Hate.

00
00
00
00

R eal E sta te .

Loans

Amount.

5.00 per cent.
5.25
«
5.50
“
6.25
“

$73,800
13,700
1,400
400

Sh ar k s.

Amount.

K ate.

00
00
00
00

on

6.30 per cent.
6.60
“
6.90
»
7.20
“

$6,570
1,010
2,620
60
100

00
00
00
00
00

Rate.

5.00 per cent.
5.25
«
6.30
“
6.60
“
7.20
“

1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

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

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27

$190
178
167
156
145
135
125
115
106
97
88
80
71
63
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

•

14
52
21
26
62
32
36
70
35
31
54
05
82
83
12
64
37
31
46
81
36
09
00

Total
Value.

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

Shares in
Force.

D ate of
I ssue.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

40
66
69
96
91
87
78
122
81
108
98
131
179
294
178
216
174
267
301
409
328
566
462

$7,605
11,782
11,537
15,000
13,251
11,772
9,778
14,115
8,614
10,509
8,676
10,486
12,855
18,766
9,989
10,506
7,198
9,160
8,265
8,511
4,710
4,578
924

60
32
49
96
42
84
08
40
35
48
92
55
78
02
36
24
38
77
46
29
08
94
00

177 00
$228,774 73

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

38,371 73
1,595 00

'
Total,

Number of shares issued during the y e a r , ....................................... 1,231
Number of shares now iu f o r c e , ........................................................... 4,441
Number o f 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 , ....................................... 956
Number of shares forfeited during the y e a r , ................................................. 39
Number of shares retired during the y e a r , ................................................. 115
Number of shares matured during the y e a r , ................................................. 100
Highest rate of premium or interest received on money sold during the y e a r:
6| per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
5 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 2% per cent.


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

$188,808 00

$228,774 73

No. 8 .]

1

117

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

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-borrow ers,.......................................
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 endin
Date o f examination by commissioner : January 26.


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

132
629
189
440
134
55

,

$4,200 00
10 00
1,875 97

[Pub. Doc,

R E P O R T O F TH E

118

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 I V E R .
Incorporated April 11, 1894.
P ie r r e F. P e l o q u in , President.

Commenced business May 2, 1894.

W

il l ia m

F. W

in t e r ,

Secretary and Treasurer.

Names of security committee:
J o h n B. H u a r d ,

N ath an M il l e r ,
E dmund R

eeves.

Regular meetings the first Wednesday of each month.

Balance Sh eet Oct.

A ssets.

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

31, 1899.

L ia b il it ie s .

$72,300
2,200
223
1,282
437
41
50
4,453

00
00
14
71
25
85
12
90

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

$70,847
6,546
2,200
160
104
281
823
26

00
42
30
31
15
04
75
00

$80,988 97

$80,988 97

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .
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,
real estate loans eliminated by foreclosure,
share loans repaid,
real estate by foreclosure, .
.
.
.
suspense account,
Cash on hand Oct. 31, 1898, .


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

$28,978
4,191
350
219
19,550

00
52
31
39
00

3,800 00
4,950 00

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
real estate bv foreclosure,
suspense account, .
Cash on hand Oct. 31, 1899,

$26,200
3,450
27,257
2,573
411
4,168
132
4,453

00
00
00
60
18
93
06
90

2,886 22
132 06
3,589 17
$68,646 67

$68,646 67

No. 8 .]

119

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

R eal E sta te .

L oans

Amount.

Rate.

Amount.

Rate.

$24,700 00

6.00 per cent.

$47,600 00

6.60 per cent.

on

Sh ares.

Amount.
$2,050 00
150 00

Rate.
6.00 per cent.
6.60
“

1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

.
.
.
.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8
9
10
11

$75
67
60
52
45
38
31
24
18
12
6

93
97
24
74
46
39
52
85
38
10
00

Total
Value.

M ay,
N ov.,
M ay,
N ov.,
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 o f Share Account with Dues and Profits Capital.

300
61
112
198
174
126
159
205
273
210
589

$22,779
4,146
6,746
10,442
7,910
4,837
5,011
5,094
5,017
2,541
3,534

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

00
17
88
52
04
14
68
25
74
00
00

$78,060 42

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

Total,

$70,847 00
6,546 42
667 00

$78,060 42

Number of shares issued during the y e a r , ................................................. 941
Number of shares now in f o r c e , ........................................................... 2,407
Number of shares now borrowed u p o n ,.......................................................... 505
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year,
.
.
.
.
1,052
Highest rate of premium or interest received on money sold during the y e a r:
10 cents premium.
Lowest rate of premium or interest received on money sold during the year:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 106
Present number of m e m b e r s ,...................................................................................230
Present number of borrowers....................................................................................... 45
Present number of non-borrow ers,.........................................................................185
Number of loans secured by first mortgage of real estate,
.
.
.
38
Number of loans on s h a r e s , ...................................................................................... 8
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, 1899,
Date of examination by commissioner : July 20.


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

$4,050 00

100 00
411 18

120

[Pub. D oc.

R E P O R T O F TH E

L A W R E N C E C O -O P E R A T IV E B A N K - L A W R E N C E .
Incorporated March 12, 1888.
J o h n P a i s l e y , President.

W

Commenced business April 6, 1888.

il l i a m

A. W

h it n e y ,

Secretary and Treasurer.

Names of security committee:
C o l in K e r r ,

A n d r e w C r a ig ,
O sc a r E . S p e a r .

Regular meetings the first Saturday of each month.
B a la n c e Sh e e t O c t .

31,1899.

L ia b il it ie s .

A sse ts.

$332,000 00
Loans on real estate,
15,185 00
Loans on shares, .
335 42
Permanent expense account,
Real estate by foreclosure, .
4,947 03
985 29
Unpaid interest,
24 38
Unpaid premiums,
99 84
Unpaid fines, .
.
.
.
11,383 24
Cash in hands of treasurer, .

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

$298,763
61,860
1,750
2,533
52

00
91
00
71
58

$364,960 20

$364,960 20

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

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,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
expense account,.
profits capital,
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$84,185
18,983
567
450
4
48,900

00
30
89
00
75
00

9,200
7,035
760
11
56
20

00
00
17
51
50
01
06

4,882 29
8,424 99
$183,481 47

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,
surplus account, .
dues capital repaid,
interest repaid,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$78,250
11,640
44,205
375
15,392
7,718
46
4,394
1,572
34
130
62
4
27
8,245
11,383

00
00
00
00
00
17
02
65
97
75
30
00
00
56
81
24

$183,481 47

No. 8 .]

121

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

Total Amount o f Loans at Specified Bates o f Interest.
Loans

$5,000
2,900
100
800
400
200

00
00
00
00
00
00

on

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

5.00 per cent.
5.25
“
5.50
“
6.00
“
6.30
“
6.60
“

00
00
00
00
00
00

L oans

Real E state.

Rate.

Amount.
$224,100
3,700
4,100
2,150
78,500
10,050

on

6.90 per cent.
7.20
»
7.25
“
7.50
“
7.75
“
8.10
“

$10,040
1,320
300
1,955
1,550
20

00
00
00
00
00
00

5.00 per cent.
5.50
“
6.25
“
6.30
“
6.60
“
8.00
“

$202
190
179
167
156
146
136
125
116
106
97
88
79
71
63
55
47
40
33
25
18
12
6

20
55
12
82
98
44
06
91
08
56
34
40
75
41
31
48
91
56
44
44
81
37
10

Total
Value.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

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

Shares in
Force.

Series.

D a t e of
I ss u 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,
April, 1897,
N ov., 1897,
M ay, 1898,
N ov., 1898,
M ay, 1899,

Value per
Share.

Beconciliation o f Share Account with Dues and Profits Capital,

42
20
133
42
142
63
126
194
193
221
124
112
211
206
505
127
608
434
487
793
456
741
1,007

$8,492
3,811
23,822
7,048
22,291
9,225
17,143
24,426
22,403
23,549
12,070
9,900
16,827
14,710
31,971
7,045
29,129
17,603
16,285
20,173
8,577
9,166
6,142

•

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

•

• $362,134 91

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, .

61,860 91
1,511 00

$362,134 91

Total,

1,972
6,987
2,181
.
25
1,320

.
47
. 172
Number of shares retired during the year,
Highest rate of premium or interest received on money sold during the y ear:

9 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2| per cent.; 2d term, 2| per cent.


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

$298,763 00

316 00

Dues paid in advance, .
Total,

40
00
96
44
16
72
56
54
44
76
16
80
25
46
55
96
28
04
28
92
36
17
70

122

R E P O R T O F TH E

[Pub. D oc.

o
o


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

1©

Number of members withdrawn during the year, .
.
.
.
. 169
Present number of m e m b e r s ,.....................................................................
. 868
Present number of borrow ers,.....................................................................
. 239
Present number of non-borrow ers,...........................................................
. 629
Number of loans secured by first mortgage of real estate,
. 242
Number of loans on s h a r e s , .....................................................................
.
66
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, 1899, .
Date of examination by commissioner : March 24.

00
10 00
1,628 67

No. 8 .]

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

123

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

Incorporated M ay 8, 1888.
J o se p h P. H o l m a n , President.

Commenced business M ay 18, 1888.
R o b e r t L. C a r t e r , Secretary and Treasurer.

Names of security committee:
C h a r l e s E . B ig e l o w ,
H u lb ert L. H a r r is ,
W il l a r d F . L a w r e n c e .

Regular meetings the third Friday of each month.

Balance Sheet Oct,

31, 1899.
L ia b ilit ie s .

A ssets .

$178,118 92
Loans on real estate,
5,528 00
Loans on shares, .
2,729 46
Unpaid interest,
123 13
Unpaid premiums,
158 26
Unpaid fines, .
240 00
Personal account, .
3,429 33
Cash in hands of treasurer, .

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

$154,057
34,976
694
598

00
52
86
72

$190,327 10

$190,327 10

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct 31, 1899.
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
temporary expense ac­
count,
Cash on hand Oct. 31,1898, .


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

$42,180
9,664
468
158

00
41
27
11
75
23,901 00
4,585 10
360 90

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, 1899,

$43,203
3,840
22,875
5,116
5,577
203
2,805
89
3,429

62
00
00
00
16
51
88
28
33

1,939 84
3,881 40
$87,139 78

$87,139 78

124

[Pub. D oc

R E P O E T O F TH E

Total Amount of Loans at Specified Rates o f Interest.
L oans on R eal E sta te .

Amount.

Rate.

$72,418 92

5.00 per cent.

L oans on Shakes .

Rate.

Amount.

Rate.

6.30 per cent.

$2,755 00
2,773 00

5.00 per cent.
6.30
“

Amount.
$105,700 00

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

$196
184
173
162
152
141
131
122
112
103
94
85
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

•

•

58
96
70
76
13
83
82
10
67
51
60
97
58
45
55
89
43
21
19
36
74
32
08

.
•

Total
Value.

1888, .
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897,.
1897, .
1898, .
1898, .
1899, .

Shares in
Force.

Series.

D ate of
I ssue .

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,
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.

77
83
37
42
61
110
69
52
108
82
129
35
50
117
122
206
128
155
204
457
303
440
648

$15,136
15,351
6,426
6,835
9,279
15,601
9,095
6,349
12,168
8,487
12,203
3,008
3,879
8,125
7,509
11,101
5,943
6,077
6,560
11,589
5,678
5,420
3,939

66
68
90
92
93
30
58
20
36
82
40
95
00
65
10
34
04
55
76
52
22
80
81

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid d u e s,.

$154,057 00
34,976 52
7,455 00

712 00
• $196,488 52

Total,

$196,488 52

Number of shares issued during the y e a r , ....................................... 1,226
Number of shares now in f o r c e , ...........................................................3,715
Number of shares now borrowed u p o n ,................................................. 1,169
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 748
Number of shares retired during the y e a r , ................................................. 40
Highest rate of premium or interest received on money sold during the y e a r:
6 6-10 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2| per cent.; 2d term, 2£ per cent.
Number of members withdrawn during the y e a r , ....................................... 83
Present number of m e m b e r s ,.................................................................................. 535
Present number of borrow ers,.................................................................................. 174
Present number of non-borrow ers,........................................................................ 361
Number of loans secured by first mortgage of real estate,
.
.
. 142
Number of loans on shares,
.
.
^
................................................. 32
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, 1899,
.
866 04
Date of examination by commissioner : March 13.


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

No. 8 .]

125

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

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 r t e m a s B. W

oodw orth,

President.

Commenced business M ay 14,1885.
G e o r g e W . B a t c h e l d e r , Secretary and
Treasurer.

Names of security committee:
C a l e b L . Sm i t h ,
C h arles H . B urtt,
F r a n c is E . A p p l e t o n .
Regular meetings the first Friday after the tenth of each month.
B alan c e Sh ee t O c t.

31,1899.

Lia b ilit ie s .

A ssets .

$272,740 00
Loans on real estate,
6,830 00
Loans on shares, .
158 86
Permanent expense account,
17,301
83
Real estate by foreclosure, .
3,026 00
Unpaid interest,
203 00
Unpaid premiums,
229 93
Unpaid fines, .
.
.
.
10,326 00
Cash in hands of treasurer, .

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

.

$251,588
54,773
1,433
3,020

00
40
95
27

$310,815 62

$310,815 62

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R ece ipts .

From dues capital,
interest,
premiums, .
fines, .
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,
temporary expense account,
real estate by foreclosure, .
.
.
.
profit and loss account,
Cash on hand Oct. 31, 1898, .


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

$68,023
17,911
1,052
705
2
42,850

00
47
47
61
00
00

9,200 00
7,200
15,770
721
14

00
00
55
00

123 26

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,
interest on retired shares,
real estate by foreclosure,
profit and loss account,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$51,800
12,230
31,511
480
18,760
23,912
5,746
61
3,752
11,212
1,594
129
456
9,702
459
10,326

00
00
00
00
00
00
21
69
92
71
47
40
53
29
02
00

6,634 39
393 28
11,533 21
$182,134 24

$182,134 24

126

R E P O R T O F TH E

[Pub. D oc.

Total Amount of Loans at Specified Rates o f Interest.
L oans on K eal E state .

Amount.

Rate.

$251,450 00
15,450 00
3,100 00

6.30 per cent.
6.60
“
6.90
«

L oans on Shares .

Amount.

Rate.

$2,400 00
340 00

7.20 per cent.
7.80
“

Amount.
$6,230
220
150
180
50

00
00
00
00
00

Rate.
6.30 per cent.
6.60
6.90
«
7.20
»
9.30
“

8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

$190
178
166
155
144
134
124
114
105
95
86
78
70
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

•

23
27
69
49
69
28
20
45
02
82
98
41
11
07
30
80
48
39
52
85
38
10

Total
Value.

1888, .
1889, .
1889, .
1890,.
1890, .
1891, .
1891, .
1892, .
1892, .
1893,.
1893,.
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

Shares in
Force.

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

Series.

D ate of
I ssue .

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

73
97
80
130
95
88
122
138
145
184
135
246
236
251
318
339
390
432
467
494
413
624

$13,886
17,292
13,335
20,213
13,745
11,816
15,152
15,794
15,227
17,630
11,742
19,288
16,545
15,579
17,267
15,865
15,397
13,992
11,917
9,311
5,112
3,806

79
19
20
70
55
64
40
10
90
88
30
86
96
57
40
20
20
48
84
90
94
40

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

54,773 40
3,602 00

40 00
$309,963 40

Total,

Number of shares issued during the y e a r , ....................................... 1,159
Number o f shares now in f o r c e , ........................................................... 5,497
Number of shares now borrowed u p o n ,................................................. 1,551
Largest number o f shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the y e a r , ....................................... 858
Number of shares forfeited during the y e a r , ................................................. 30
Number of shares retired during the y e a r , ................................................. 315
Number of shares matured during the y e a r , ................................................. 134
Highest rate of premium or interest received on money sold during the y ear:
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.


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

$251,588 00

$309,963 40

No. 8 .]

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

127

Number o f members withdrawn during the y e a r , ....................................... 137
Present number of m e m b e r s ,.................................................................................. 766
Present number of borrowers,..................................................................................236
Present number of non-borrow ers,........................................................................ 530
Number of loans secured by first mortgage of real estate,
.
.
. 213
Number of loans on s h a r e s , .................................................................................... 23
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, 1899, .
1,505 21
Date of examination by commissioner : October 3.


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

[Pub. Doc

R E P O R T O F TH E

128

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

Incorporated N ov. 18, 1891.
J ac ob M . L e w i s , President.

Commenced business N ov. 23, 1891.

R a l p h W . P u t n a m , Secretary and Treasurer.

Names o f security committee:
F eed D. M ayo ,
I s a ia h W . P e r k i n s ,
J . W . H a r d in g ,
F. F. Law rence,
W m . H . Se v era n ce.

Regular meetings the first Monday of each month.

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

L ia b ilit ie s .

A ssets .

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

31,1899.

$28,135
875
100
252
4
4,150

00
00
00
06
86
69

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

$28,416
4,658
79
278
84

00
94
58
27
82

$33,517 61

$33,517 61

Detailed Statement o f Receipts and Disbursements f o r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
Cash on hand Oct. 31, 1898, .


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

$7,670
1,550
4
36
2
4,600
2,005
871

00
55
95
75
00
00
00
40

$16,740 65

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
Cash on hand Oct. 31, 1899,

$5,740
1.150
5,120
514
65
4.150

00
00
00
11
85
69

$16,740 65

No. 8 .]

129

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Shares .

L oans on R eal E st a te .

Amount.

Rate.

$6,550 00
15,735 00

Amount.

5.00 per cent.
5.50
“

Amount.

Rate.

$5,850 00

6.00 per cent.

$375 00
500 00

Rate.
5.50 per cent.
6.00
“

1891,
1892,
1892,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

1 $117 52
2
3
4
6
7
8
9
10
11
12
13
14
15
16

Total,

108
100
91
75
68
60
53
45
38
31
25
18
12
6

87
33
95
78
00
45
07
87
82
95
23
69
31
08

Total
Value.

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

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

109
41
19
7
26
14
32
46
26
27
24
14
62
99
144

$12,809
4,463
1,906
643
1,970
952
1,934
2,441
1,192
1,048
766
353
1,158
1,218
875

68
67
27
65
28
00
40
22
62
14
80
22
78
69
52

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

$33,734 94

Total,

$28,416 00
4,658 94
660 00

$33,734 94

Number o f shares issued during the y e a r , ................................................. 268
Number of shares now in f o r c e , .....................................................................690
Number of shares now borrowed u p o n ,........................................................... 201
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 168
Highest rate o f premium or interest received on money sold during the y ea r:
5£ per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
per cent.
Rate of profits distributed : 1st term, 2J per cent.; 2d term, 2^ per cent.
Number of members withdrawn during the year............................................ 8
Present number of m e m b e r s ,.................................................................................... 95
Present number of borrow ers,.................................................................................... 32
Present number of n o n -borrow ers,.......................................................................... 63
Number of loans secured by first mortgage of real estate,
.
.
.
26
Number of loans on s h a r e s , ...................................................................................... 6
Largest loan to any one member..................................................................................... $2,200 00
Smallest loan to any one member...................................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
85 85
Date of examination by commissioner : March 21.


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

REPORT OF THE

130

[Pub Doc.

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.
G e o r g e L . G o u l d , President.

Commenced business May 9, 1887.
L e w i s P. B r o w n , Secretary and Treasurer.

Names of security committee:
L ym an B. Jord an,
C h a r l e s A . S t il e s ,
M . S. O ’ D o n n e l l .

Regular meetings the second Monday of each month.

Balance Sheet Oct . 31, 1899.

A ssets .

L ia b ilit ie s .

Loans on real estate,
¡$336,405 00
Loans on shares,
25,025 00
Real estate by foreclosure, .
19,043 77
Unpaid interest,
5,478 08
Unpaid premiums,
150 00
Unpaid fines, .
.
.
.
60 00
Cash in hands of treasurer, .
27,629 04

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

$413,790 89

$332,358
76,129
2.081
3,184
37

00
63
20
68
38

$413,790 89

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
real estate by foreclosure, .
.
.
.
surplus,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$77,814
19,196
900
422

00
25
22
02
50
45,520 00
13,152 75

7,800 00
11,340 00
1,067 80

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,
real estate by foreclosure,
surplus................................
Cash on hand Oct. 31, 1899,

$60,650
15,835
29,066
13,619
28,552
4,286
3,989
13,718
1,237
15,055
491
27,629

00
00
00
00
00
96
60
74
10
22
15
04

6,493 98
491 15
29,931 14
$214,129 81

$214,129 81

No. 8.]

SAYINGS BANK COMMISSIONERS.

131

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

L oans on Shares .

Amount.

Amount.

Rate.

Amount.

Rate.

$135,480 00
163,050 00
21,400 00

5.00 per cent.
6.30
«
6.60
«

$11,100 00
5,375 00

6.90 per cent.
7.20
“

$13,225
5,545
6,155
100

00
00
00
00

Rate.
5.00 per cent.
6 00
“
6.30
«
7.20
“

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

$201
189
177
165
154
143
133
123
113
104
95
86
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

23
25
30
81
68
87
47
41
70
27
12
41
90
68
72
99
52
28
20
42
79
35
09

Total
Value.

1888, .
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894,.
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

Shares in
Force.

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

Series.

D ate of
I ssue .

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

124
118
133
68
72
118
144
245
277
194
130
189
280
266
383
433
522
394
621
420
562
545
379

$24,952
22,331
23,580
11,275
11,136
16,976
19,219
30,235
31,494
20,228
12,365
16,331
21,812
18,534
23,638
23,377
24,283
15,476
19,996
10,676
10,559
6,730
2,308

52
50
90
08
96
66
68
45
90
38
60
49
00
88
76
67
44
32
20
40
98
75
11

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

76,129 63
9,397 00

361 00
$417,884 63

Total,

Number of shares issued during the y e a r , .................................................. 1,009
Number of shares now in f o r c e , ..................................................................... 6,617
Number of shares now borrowed u p o n ,........................................................... 2,497
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the y e a r , ........................................... 865
Number of shares retired during the y e a r , ..................................................... 152
Number of shares matured during the year, .
.
.
•
•
. 211
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year:
5 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per cent.
53
Number of members withdrawn during the year, .
796
Present number of m e m b e r s ,.................................................
252
Present number of borrowers,.................................................
544
Present number of non-borrow ers,.......................................
218
Number of loans secured by first mortgage of real estate,
109
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. 31,1899,
Date of examination by commissioner : M ay 3.


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

$332,358 00

$417,884 63

$5,000 00
50 00
1,237 10

[Pub. Doc

REPORT OF THE

132

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.
D a v id E . H a r d i n g , President.

Commenced business March 21, 1883.
A l f r e d B . D a y , Secretary and Treasurer.

Names of security committee:
S a m u e l C. L o v e l l ,
Jam es A . W
W i l l i a m C. W i n t e r .

heeler,

Regular meetings the third Wednesday of each month.
B alan ce Sheet O ct.

31, 1899.

L ia b ilit ie s .

A ssets .

$205,500 00
Loans on real estate,
14,228 00
Loans on shares, .
341 00
Permanent expense account,
1,648 43
Real estate by foreclosure, .
Unpaid interest,
1,628 27
35 52
Unpaid premiums,
61 19
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .
7,058 97

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

$185,784
42,632
1,318
766

00
47
15
76

$230,501 38

$230,501 38

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees and books,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$42,570
12,784
302
101
3
30,500

00
65
13
90
30
00

1,800 00

4,550 00
14,175 00
240 81
37
53 93

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
dues capital matured, .
profits capital withdrawn,
profits capital matured,
temporary expenses,
permanent expenses,
forfeited shares,
.
interest on m a t u r e d
shares,
real estate by foreclosure,
insurance, taxes and expenses,
Cash on hand Oct. 31,1899, .

$49,225
10,970
17,175
6
27,456
2,416
10,980
867
334
53

00
00
00
00
00
66
40
45
79
93

727 12
1,784 49
128 79
7,058 97

5,084 49
17,018 02
$129,184 60

$129,184 60

No. 8.]

133

SAVINGS BANK COMMISSIONERS.

Total Amount of Loans at Specified Rates o f Interest.
L oans on Shakes .

L oans on R eal E state .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$200,700 00
1,500 00

6.12 per cent.
6.36
“

$1,600 00
1,700 00

6.48 per cent.
6.72
«

$14,228 00

6.48 per cent.

1888,
1888,
1889,
1889,
1890,
1891,
1891,
1892,
1892,
1893,
1893.
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

11
12
13
14
15
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

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

$194
183
172
161
150
130
121
111
102
93
85
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

•

64
17
02
20
69
66
06
75
71
95
45
20
17
34
75
34
16
16
37
76
34
09

77
86
107
93
101
107
100
94
92
180
102
248
136
171
56
94
196
289
105
445
122
565
.

Total
Value.

Shares In
Force.

Series.

D ate of
I ssue .

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

$14,987
15,752
18,406
14,991
15,219
13,980
12,106
10,504
9,449
16,911
8,715
19,145
9,407
10,489
3,010
4,355
7,675
9,294
2,663
8,348
1,505
3,440

28
62
14
60
69
62
00
50
32
00
90
60
12
14
00
96
36
24
85
20
48
85

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

$185,784 00
42,632 47
1,982 00

38 00
$230,398 47

$230,398 47

Total,

757
Number of shares issued during the year,
3,566
Number of shares now in force,
.
.
.
.
1,497
Number of shares now borrowed upon, .
25
Largest number of shares held by any one member,
, 532
Number of shares withdrawn during the year,
10
Number of shares forfeited during the year, .
192
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold during the year :
6 12-100 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 12-100 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per cent
78
Number of members withdrawn during the year, .
541
Present number of m e m b e r s ,.................................................
235
Present number of borrow ers,.................................................
306
Present number of non-borrowers, .
.
.
.
.
182
Number of loans secured by first mortgage of real estate,
105
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, 1899
Date of examination by commissioner: February 15.


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

.

$5,000 00
10 00
891 24

134

REPOET OF THE

[Pub. Doc.

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.
J ohn L a n c y , President.

Commenced business M ay 6, 1886.

B e n j a m in C o l e , J r., Secretary a n d Treasurer.
Names of security committee:

John L a n cy ,

H e n r y 0 . Sym on ds,
F r a n k l in M il l e t t .

Regular meetings the first Thursday of each month.

B alance Sheet O ct. 31, 1899.

A ssets .

Loans on real estate,
Loans on shares, .
Permanent expense account, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Bonds of City of Beverly,
M ass., 4s, .
Taxes paid, .
.
.
.
Cash in hands of secretary, .
Cash in hands of treasurer, .

L ia b ilit ie s .

$69,100
400
100
11,844
599
32
105

00
00
00
60
25
90
20

2,069
50
21
52

31
43
24
26

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

.

$84,375 19

$68,017
13,848
684
1,675
25
124

00
90
68
03
11
47

$84,375 19

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
city bonds, .
rents, .
.
.
.
taxes paid, .
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$18,052
4,743
268
301
2
10,350

00
73
90
92
75
00

3,000 00

2,200
8,030
186
1
1,001
456
58
4,146

00
00
08
20
74
17
43
58

$52,799 50

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 m atured,.
temporary expenses,
interest on retired shares,
taxes, insurance, repairs,
etc.,
.
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$3,950
6,430
6,475
60
21,913
1,540
746
1
6,420
661
390
195

00
00
00
00
00
00
70
20
39
35
06
25

786 74
3,156 31
73 50

$52,799 50

No. 8.]

SAYINGS BANK COMMISSIONERS.

135

Total Amount o f Loans at Specified Bates o f Interest.
L oans on R eal E sta te .

Amount.

Rate.

$63,150 00
2,250 00

6.30 per cent.
6.60
“

L oans on Shakes .

Amount.

Rate.

$3,700 00

Amount.

6.90 per cent.

$400 00

Rate.
6.30 per cent.

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

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27

$197
185
174
163
152
142
132
122
112
103
94
86
77
69
61
54
46
39
32
25
18
12
6

12
46
14
16
50
15
12
39
94
76
84
18
77
61
68
00
53
29
25
41
78
34
09

Total
Value.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
Force.

|Series.

D ate of
ISSUE.

M ay,
Nov.,
M ay,
N o v .,
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 ay,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

19
12
1
11
21
23
31
42
45
74
45
64
41
99
109
45
102
91
91
110
91
55
147

$3,745
2,225
174
1,794
3,202
3,269
4,095
5,140
5,082
7,678
4,267
5,515
3,188
6,891
6,723
2,430
4,746
3,575
2,934
2,795
1,708
678
895

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

28
52
14
76
50
45
72
38
30
24
80
52
57
39
12
00
06
39
75
10
98
70
23

$82,758 90

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

Total,

$68,017 00
13,848 90
893 00

$82,758 90

Number of shares issued during the y e a r , ................................................. 212
Number of shares now in force,
........................................................... 1,369
Number o f shares now borrowed u p o n ,........................................................... 367
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 177
Number o f shares forfeited during the y e a r , ................................................. 12
Number of shares retired during the y e a r , ................................................. 236
Number of shares matured during the y e a r , ................................................. 11
Highest rate of premium or interest received on money sold during the year:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y e a r:
5 cents premium.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 2J per cent.
Number of members withdrawn during the y e a r , ....................................... 60
Present number of m e m b e r s ,.................................................................................. 302
Present number of borrow ers,....................................................................................64
Present number o f non-borrow ers,........................................................................ 238
Number of loans secured by first mortgage of real estate,
.
.
.
75
Number of loans on s h a r e s , ...................................................................................... 5
Largest loan to any one member.....................................................................................$3,600 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, 1899, .
390 06
Date of examination by commissioner : August 29.


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

[Pub. Doc

REPORT OF THE

136

M A R L B O R O U G H C O -O P E R A T IV E B A N K — M A R L ­
BOROUGH.
Incorporated April 16, 1890.

Commenced business May 1, 1890.

C h a r l e s F . R o b in so n , President.

C. B . R

u sse ll,

Secretary and Treasurer.

Names of security committee:
E . O. B r i g h a m ,
J. E . W a r r e n ,

J o h n S. F a t ,
M . J. B u c k l e y ,
W . H . H il l .

Regular meetings the second Thursday of each month.
B a la n c e Sh e e t O ct.

31, 1899.

L ia b ilit ie s .

A ssets .

f 110,150 00
Loans on real estate,
8,380 00
Loans on shares, .
Temporary expense account,
271 89
5,831 11
Real estate by foreclosure, .
798 64
Unpaid interest,
16 97
Unpaid premiums,
Unpaid tines, .
.
.
.
140 37
150 00
Furniture and fixtures, .
34 93
Real estate expense,
216 22
T ax account................................
5,000 00
Note o f town of Wellesley, .
10,113 82
Cash in hands of treasurer, .

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

$141,103 95

$116,731
18,596
3,250
48
221
153
11
879
1,003
209

00
28
21
31
01
65
07
44
48
50

$141,103 95

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

D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
rents, .
.
.
.
agreements, .
tax account,
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$27,742
6,638
106
420
2
20,250

00
22
73
00
00
00

10,000
7,700
378
26
637
279

00
00
74
87
92
40
50
311 70

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,
tax account, .
real estate expense,
town notes, .
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$21,600
6,790
14,269
1,136
23,003
1,889
134
4,753
518
637
484
49
5,000
7,231
10,113

00
00
00
00
00
70
22
98
85
92
12
72
00
72
82

4,539 00
18,578 97
$97,612 05

$97,612 05

No. 8 .]

137

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

Total Amount of Loans at Specified Hates of Interest.
L oans on Shares .

L oans on R eal E state .

Amount.

Kate.

Amount.

Rate.

$87,600 00
450 00
400 00

5.00 per cent.
5.25
“
6.00
“

$21,550 00
150 00

6.30 per cent.
7.75
“

Kate.

Amount.
$5,110
220
2,860
60
100
30

00
00
00
00
00
00

5.00 per cent.
5.25
“
6.30
»
7.20
«
7.50
»
7.75
»

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

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

$147
137
127
118
109
100
91
83
75
67
59
52
45
38
31
24
18
12
6

Dues paid in advance, .
Total,

51
53
83
42
28
41
80
44
31
44
78
36
15
14
34
74
33
09
00

Total
Value.

1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
Force.

Series.

D ate op
I ssue .

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

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

94
72
49
75
96
15
130
53
175
194
154
205
134
117
148
143
95
124
200

$13,865
9,902
6,263
8,881
10,490
1,506
11,934
4,422
13,179
13,083
9,206
10,733
6,050
4,462
4,638
3,537
1,741
1,499
1,200

94
16
67
50
88
15
00
32
25
36
12
80
10
38
32
82
35
16
00

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

$116,731 00
18,596 28
1,311 00

40 00
$136,638 28

Total,

$136,638 28

Number of shares issued during the year,
.
.
.
.
. 334
Number of shares now in f o r c e , ........................................................... 2,273
Number of shares now borrowed u p o n ,........................................................... 800
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year................................................. 343
Number o f shares forfeited during the y e a r , ................................................. 51
Number of shares retired during the y e a r , .................................................339
Highest rate of premium or interest received on money sold during the y e a r:
5 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate o f profits distributed: 1st term, 2t2 per cent.; 2d term, 2£ per cent.
Number of members withdrawn during the year........................................... 72
Present number of m e m b e r s ,.................................................................................. 375
Present number of borrow ers,.................................................................................. 129
Present number of non-borrowers,........................................................................ 246
Number of loans secured by first mortgage o f real estate,
.
.
.114
Number of loans on s h a r e s , .................................................................................... 57
Largest loan to any one m e m b e r ,.............................................................................. $4,600 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. 31,1899, .
536 85
Date of examination by commissioner : April 6.


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

138

R E P O R T OF TH E

[Pub. D oc.

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 i a m

Commenced business Sept. 17, 1877.

H . L e w i s , President.
E d w a r d S. H e r s e y , Secretary.
E d w i n H . K n o w l e s , Treasurer.
Names of security committee:
C y r u s Sa v a g e ,

W il l ia m H . P l e a d w e l l ,
J. J. G r e e n , Jr.

Regular meetings the first Monday after the fifteenth of each month.
B a la n c e Sh e e t O c t .

A ssets .

31,1899.

L iab ilit ie s .

Loans on real estate,
$415,500 00
Loans on shares, .
15,970 00
Temporary expense account,
506 24
Real estate by foreclosure, .
3,934 23
Unpaid interest,
5,394 60
Unpaid premiums,
366 76
Unpaid fines, .
.
.
.
852 30
Unpaid dues, .
.
.
.
7,085 00
Cash in hands of treasurer, .
4,772 60

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
Fines............................................
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Advance payments,
Matured share account,

$454,381 73

$359,536
75,343
6,393
333
22
1,783
3,254
15
4,748
2,951

00
11
31
57
86
03
30
98
43
14

$454,381 73

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R ece ipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
forfeited shares, .
real estate by foreclosure, .
.
.
.
matured share account,
suspense account,
advance payments,
guaranty fund, .
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$80,891
20,221
1,004
34
99,780

00
46
09
37
00

5,100 00
3,600 00
16,490 00
408 98
3,673
29,656
13,834
16,852
20
1,731

73
16
52
78
32
88

$293,299 29

For real estate loans, .
$113,110 00
share loans, .
16,335 00
dues capital withdrawn,
51,115 00
dues capital forfeited, .
399 00
dues capital retired,
13,197 00
dues capital matured, .
20,383 00
profits capital withdrawn,
9,796 11
profits capital forfeited, .
9 98
profits capital retired, .
4,194 67
profits capital matured,
8,914 16
temporary expenses,
1,513 28
forfeited shares,
.
567 30
interest on retired shares,
435 44
real estate by foreclosure,
5,488 57
matured share account,
26,705 02
interest on m a t u r e d
shares,
359 00
advance payments,
15,773 15
guaranty fund,
231 01
Cash on hand Oct. 31, 1899,
4,772 60
$293,299 29

No. 8 .]

139

S A Y IN G S B A N K C O M M IS S IO N E D .

Total Amount o f Loans at Specified Rates of Interest.
L oans on Shares .

L oans on R eal E state .

Rate.

Amount.

Rate.

Amount.

Rate.

6.30 per cent.

-

-

$15,970 00

6.30 per cent.

Amount.
$415,500 00

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

14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

$190
179
168
157
147
136
127
117
108
99
90
82
73
65
58
50
43
36
29
22
16
10
4

85
54
36
54
03
90
06
52
26
27
55
12
93
97
24
74
46
39
52
85
38
10
00

Total
Value.

1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

Shares in
Force.

Series.

D ate of
I ssue .

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

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

81
120
101
156
123
384
308
56
440
96
282
222
163
489
175
328
221
284
312
1,025
322
410
1,466

$15,458
21,544
17,004
24,576
18,084
52,569
39,134
6,581
47,634
9,529
25,535
18,230
12,050
32,259
10,192
16,642
9,604
10,334
9,210
23,421
5,274
4,141
5,864

85
80
36
24
69
60
48
12
40
92
10
64
59
33
00
72
66
76
24
25
36
00
00

T o t a l , ........................................ $434,879 11

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

Total,

Number o f shares issued during the year................................................ 2,008
Number of shares now in f o r c e , ........................................................... 7,564
Number o f shares now borrowed u p o n ,................................................. 2,500
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year,
.
.
.
.
1,033
Number of shares forfeited during the y e a r , ................................................. 17
Number of shares retired during the y e a r , ................................................. 118
Number of shares matured during the y e a r , ................................................. 146
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the y e a r ,....................................... 105
Present number of m e m b e r s ,...............................................................................1,094
Present number of borrowers..................................................................................... 388
Present number of n o n -borrow ers,........................................................................ 706
Number of loans secured by first mortgage o f real estate,
.
.
. 331
Number of loans on s h a r e s , .................................................................................... 57
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, 1899, .
Date o f examination by commissioner : M ay 15.


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

$359,536 00
75,343 11

$434,879 H

$5,000 00
50 00
1,631 92

140

R E P O R T O F TH E

[Pub. D oc

M EDFORD C O -O P E R A T IV E B A N K — M ED FOR D.
Incorporated June 21, 1886.
D a n a I. M c I n t i r e , President.

Commenced business July 7, 1886.

J a m e s S . S t u iit e v a n t , Secretary and Treasurer.

Names of security committee :
Ch a r l e s S. T a y l o r ,
J o se p h E . O b e k ,
L e w i s H . L o v e r in g ,
W a l t e r F . C u s h in g ,
J o h n A . S u l l iv a n .
Regular meetings the first Wednesday of each month.
B a l a n c e Sh e e t O c t.

31, 1899.

L ia b ilit ie s .

A ssets .

$285,400 00
Loans on real estate,
Loans on shares, .
24,100 00
200 00'
Permanent expense account,
2,849 13
Real estate by foreclosure, .
Unpaid interest,
905 47
Unpaid premiums,
55 00
Unpaid fines................................
97 15
21,413 66
Cash in hands of treasurer, .

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

$335,020 41

$271,360
58,582
1,953
3,122
2

00
08
19
98
16

$335,020 41

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

R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,.
rents, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$71,928
17,958
990
394
5
48,800

00
48
50
47
25
00

2,600 00

9,000
6,400
1,332
1
108
16,790

00
00
57
36
00
55

$176,309 18

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 repaid,
premium repaid, .
Cash on hand Oct. 31, 1899,

$52,100
18,000
30,567
65
14,407
18,525
5,322
5
2,724
8,944
1,315
8
60
2,849
1

00
00
00
00
00
00
94
46
60
27
92
00
00
13
00
20
21,413 66

$176,309 18

No. 8 .]

141

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans on Shakes .

L oans on R eal E state .

Rate.

Amount.

Amount.

Rate.

Amount.

Rate.

$178,800 00
91,900 00

5.00 per cent.
6.30
“

$14,700 00

6.60 per cent.

$4,600 00
19,300 00
200 00

5.00 per cent.
6.30
“
6.60
“

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27

$204
191
179
168
157
146
135
125
115
105
96
87
79
70
62
54
47
39
32
25
18
12
6

30'
96
87
38
13
26
68
47
59
94
79
84
17
77
73
83
08
69
52
60
89
39
10

•

•

58
44
63
55
65
123
128
123
133
no
145
214
298
226
376
320
535
310
571
539
474
517
540

$11,849
8,446
11,331
9,260
10,213
17,989
17,367
15,432
15,373
11,653
14,034
18,797
23,592
15,994
23,586
17,545
25,187
12,303
18,568
13,798
8,953
6,405
3,294

40
24
81
90
45
98
04
81
47
40
55
76
66
02
48
60
80
90
92
40
86
63
00

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

•

• $331,128 08

Total,

Number of shares issued during the y e a r , ........................................1,068
Number of shares now in f o r c e , ........................................................... 5,967
Number of shares now borrowed u p o n , ................................................. 2,133
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 706
Number o f shares forfeited during the year...................................................... 13
Number of shares retired during the year..........................................................229
Number of shares matured during the y e a r , ................................................. 134
Highest rate of premium or interest received on money sold during the year:
6 6-10 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Bate of profits distributed: 1st term, 3£ per cent.; 2d term, 3 per cent.


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

$271,360 00
58,582 08
1,186 00

146 00

Dues paid in advance, .
Total,

Total
Value.

1888, .
1888, .
1889,.
1889, .
1890,.
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

Shares in
Force.

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,
N ov .,
M ay,

Series.

D ate of
I ssue .

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$331,128 08

142

R E P O R T O F TH E

Number of members withdrawn during the year, .
.
.
.
Present number of m e m b e r s ,.....................................................................
Present number of borrow ers,...........................................................
Present number of non-borrow ers,...........................................................
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 ,...........................................................

[Pub. D oc.
.
92
. 619
. 185
. 434
. 164
.
82

,

Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : M ay 18.


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

,

00
50 00

.

1,373 92

No. 8 .]

143

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

M ELROSE C O -O P E R A TIV 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 , President.
C h a r l e s G . S c h a e d e l , Secretary.
J o h n P. D e e r i n g , Treasurer.
Names of security committee:
N o r m a n F . H e s s e l t in e ,

St e p h e n A . L o v e j o y ,

G eo. W . Farn sw orth .
Regular meetings the first Friday 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, .
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31,1899.

L ia b ilit ie s .

$28,950
6,060
69
19
8,108
14
12
384

00
00
66
60
56
20
13
14

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

$43,618 29

$37,299
5,617
39
62

00
50

33
71
2 64
246 35
340 46
10 30

$43,618 29

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans elimi­
nated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
sale of safe, .
cash from ex-treasurer,
rents...................................
real estate by fore­
closure,
taxes repaid,
loss adjusted,
Cash on hand Oct. 31, 1898, .


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

$8,559
1,934
94
66

00
89
00
01
25

3,000
1,720
220
12
87
15
664

00
00
55
90
50
00
70

2,712
75
4,257
3,846

45
79
05
95

$27,267 04

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
profits capital withdrawn,
profits capital forfeited,
temporary expenses,
permanent expenses,
repairs, taxes, etc., on
foreclosed real estate,
legal expenses on bond
suit, .
.
.
.
real estate by foreclosure,
surplus charged off to
adjust loss,
profits charged off to ad­
just loss,
.
Cash on hand Oct. 31, 1899,

$12,250
2,180
5,988
519
803
51
200
60

00
00
00
00
15
54
47
00

557 04
4 20
2,712 45
472 14
1,084 91
384 14
$27,267 04

144

[Pub. D oc.

R E P O R T O F TH E

Total Amount o f Loans at Specified Rates of Interest.
L oans on Shares .

L oans on R eal E sta te .

Amount.
$6,700
550
14,500
1,200

00
00
00
00

Rate.

Rate.

Amount.

Rate.

6.60 per cent.
6.90
“
7.20
“
7.80
»

$4,750 00
1,310 00

5.00 per cent.
6.00
“

Amount.

5.00 per cent.
5.50
“
6.00
«
6.30
“

$1,900
1,500
1,200
1,400

00
00
00
00

$141
136
132
127
123
118
114
106
102
98
94
90
86
82
78
75
71
64
60
53
46
39
32
26
19
13
7
1

10
56
07
66
30
97
70
36
27
23
27
31
41
56
77
03
32
04
43
35
43
63
97
30
73
33
09
00

Total
Value.

1
2
3
4
5
6
7
9
10
11
12
13
14
15
16
17
18
20
21
22
23
24
25
26
27
28
29
30

Shares in
Force.

April, 1890, .
July, 1890, .
Oct., 1890, .
Jan., 1891, .
April, 1891, .
July, 1891, .
Oct., 1891, .
April, 1892, .
July, 1892, .
Oct., 1892, .
Jan., 1893, .
April, 1893, .
July, 1893, .
Oct., 1893, .
Jan., 1894, .
April, 1894, .
July, 1894, .
Jan., 1895, .
April, 1895, .
Oct., 1895, .
April, 1896, .
Oct., 1896, .
April, 1897, .
Oct., 1897, .
April, 1898,.
Oct., Ì898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D ate op
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

70
10
20
28
3
5
9
6
12
5
8
20
32
12
10
2
5
7
41
53
39
42
49
29
28
41
133
66

$9,877
1,365
2,641
3,574
369
594
1,032
638
1,227
491
754
1,806
2,765
990
787
150
356
448
2,477
2,827
1,810
1,664
1,615
762
552
546
942
66

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

•

$43,139 50

Total,

Number of shares issued during the year.......................................................... 222
Number of shares now in f o r c e , .....................................................................785
Number of shares now borrowed u p o n ,...........................................................242
Largest number o f shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ....................................... 116
Number of shares forfeited during the y e a r , ................................................. 15
Highest rate of premium or interest received on money sold during the year:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.


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

$37,299 00
5,617 50
223 00

2 00

Dues paid in advance, .
Total,

00
60
40
48
90
85
30
16
24
15
16
20
12
72
70
06
60
28
63
55
77
46
53
70
44
53
97
00

$43,139 50

No. 8 .]

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

145

Rate of profits distributed : 1st term,
per cent. ; 2d term, 2^ per cent.
Number of members withdrawn during the y e a r , ....................................... 24
Present number o f m e m b e r s ,.................................................................................. I l l
Present number of borrowers,.................................................................................... 32
Present number of non-borrowers,...........................................................................79
Number of loans secured by first mortgage of real estate,
.
.
.
23
Number of loans on s h a r e s , ...................................................................................... 9
Largest loan to any one m e m b e r ,...............................................................................$3,150 00
Smallest loan to any one member...................................................................................
100 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
227 97
Date of examination by commissioner : February 25.


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Federal Reserve Bank of St. Louis

[Pub. D oc.

R E P O R T O F TH E

146

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.
J o h n S. F . H u d d l e s t o n , President.

Commenced business February, 1882.
A l b e r t E . D u f f i l l , Secretary and Treasurer.

Names of security committee:
G e o r g e T . B o sson ,
A l b e r t S. P a r s o n s ,
E d w a r d St o d d a r d ,
F rank M. P e r r y ,
John B u tla n d .
Regular meetings the second Monday of each month.
B a la n c e Sh e e t O c t .

31, 1899.
L ia b ilit ies .

A ssets .

Loans on real estate, .
$1,033,271 97
52,390 00
Loans on shares, .
Temporary expense account,
1.797 65
17,526 43
Real estate by foreclosure, .
96 54
T ax account,
3.798 18
Personal accounts,
38,124 51
Cash in hands o f treasurer,

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

$971,610
140,570
18,504
384
485
7
1,258
7,974
5,590
245
300
72

00
80
90
39
46
00
62
88
79
86
00
58

$1,147,005 28

$1,147,005 28

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
D isbursements .

R eceipts .

$305,640 00
From dues capital,
61,325 12
interest,
premiums, .
1,812 37
2,823 45
fines,
.
.
.
.
transfer fees,
17 00
140,899 13
real estate loans repaid,
real estate loans elimi11,428 00
nated by foreclosure,
real estate loans eliminated by maturity of
10,050 00
shares,
54,510 00
share loans repaid,
2,848 88
withdrawal profits,
58 23
forfeiture profits, .
1,926 67
forfeited shares, .
19 17
expense repaid, .
profit and loss account,
147 97
20
profits returned, .
568 27
taxes repaid,
real estate by foreclos28,134 29
ure, .
.
.
.
394 04
suspense account,
Cash on hand Oct. 31, 1898, .
24,707 38

$178,454 00
For real estate loans, .
67,300 00
share loans, .
117,481 00
dues capital withdrawn,
1,786 00
dues capital forfeited, .
136,864 00
dues capital retired,
19,198 00
dues capital matured, .
17,353 86
profits capital withdrawn,
245 56
profits capital forfeited,.
33,048 71
profits capital retired, .
8,754 33
profits capital m atured,.
5,012 05
temporary expenses,
1,821 93
forfeited shares,
interest on retired shares,
2,447 13
20
withdrawal profits,
350 45
suspense account, .
66
00
surplus account, .
2,314 33
guaranty fund,
614 99
taxes advanced,
16,073 12
real estate bv foreclosure,
38,124 51
Cash on hand Ôct. 31, 1899,

$647,310 17

$647,310 17


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

No. 8 .]

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

147

Total Amount o f Loans at Specified Bates o f Interest.
L oans on K eal E state .

Amount.
$597,096
112,150
4,110
14,615
248,850

Kate.

00
00
00
97
00

L oans on Shakes .

Amount.

5.00 per cent.
5.25
“
5.50
“
6.00
“
6.30
“

$46,400
4,850
600
3,600
1,000

00
00
00
00
00

Kate.
6.60 per cent.
6.90
«
7.20
“
7.50
«
8.10
«

Amount.
$36,750
11,850
700
3,030
60

00
00
00
00
00

Kate.
5.00 per cent.
5.25
“
5.50
“
6.30
“
7.20
“

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

15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

$185
174
162
151
140
130
120
110
101
92
83
75
67
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

•

88
00
55
45
77
44
47
81
46
46
75
35
23
37
79
46
37
49
83
37
10
00

Total
Value.

1883,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
Force.

Series.

D ate of
I ssue .

Dec.,
June,
Dec.,
June,
D ec.,
June,
D ec.,
June,
Dec ,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

108
143
85
104
132
170
343
465
691
596
1,124
993
1,058
1,530
1,780
1,878
1,976
2,400
2,865
1,795
2,386
1,428

$20,075
24,882
13,816
15,750
18,581
22,174
41,321
51,526
70,108
55,106
94,135
74,822
71,129
90,836
92,186
83,495
73,843
73,176
68,272
31,179
26,484
7,140

04
00
75
80
64
80
21
65
86
16
00
55
34
10
20
88
12
00
95
15
60
00

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

$971,610 00
140,570 80
8,926 00

1,062 00
$1,121,106 80

Total,

$1,121,106 80

Number of shares issued during the y e a r , ....................................... 4,411
Number o f shares now in f o r c e , ...........................................................
24,050
Number of shares now borrowed u p o n ,................................................. 7,187
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
3,646
Number of shares forfeited during the y e a r , ................................................. 112
Number of shares retired during "the y e a r , ....................................... 1,747
Number of shares matured during the year...................................................... 141
Highest rate of premium or interest received on money sold during the year:
5£ per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Hate of profits distributed: 1st term, 3 per cent.; 2d term, 2| per cent.
Number of members withdrawn during the y e a r , ........................................435
Present number of members....................................................................................2,596
Present number of borrowers,.............................................................................. 656
Present number of non-borrow ers,.....................................................................1,940
Number of loans secured by first mortgage of real estate,
.
.
. 485
Number of loans on shares,
.
.
.
................................................. 253
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, 1899, .
4,992 88
Date o f examination by commissioner: November 27.


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

[Pub. D oc

R E P O R T O F TH E

148

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 , President.
C . J. C o r c o r a n , Secretary.
C. A . M c Ca r t h y , Treasurer.

Names of security committee:
M . F . S u l l iv a n ,

H . J. M c Q u e e n e y .

Regular meetings the first Friday o f each month.

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

L ia b ilit ie s .

A ssets .

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, .

31, 1899.

$42,100
1,810
314
261
10
86
494
16

00
00
64
00
25
78
89
08

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

$45,093 64

$35,918
6,233
409
1,494
1,038

00
79
10
43
32

$45,093 64

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 31, 1899.

R eceipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$10,754
2,225
104
142
4,700
2,110
101
26
716
3,607

00
35
85
87
00
00
91
91
12
14

$24,489 15

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
profits capital withdrawn,
profits capital forfeited,
temporary expenses,
forfeited shares,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$16,400
2,005
3,969
642
425
107
74
353
510

00
00
00
00
75
75
98
70
97

$24,489 15

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

150

[Pub. D oc

R E P O R T O F TH E

M ID D LEB O R O U G H C O -O P E R A TIV E B A N K — M ID D L E BOROUGH.
Incorporated M ay 1,1889.

Commenced business May 21,1889.

W . H . S o u th "w o r t h , President.

J o se p h E . B e a l s , Secretary and Treasurer.

Names of security committee:
W

arren

H . So u th w o r th ,
C o r n e l iu s H . L e o n a r d ,
H enry W . Sea rs.

Regular meetings the third Tuesday of each month.
B

alance

Sh e e t O c t .

31, 1899.

Lia b ilit ie s .

A ssets .

$149,650 00
Loans on real estate,
2,100 00
Loans on shares, .
1,063 92
Real estate by foreclosure, .
442 75
Unpaid interest,
20 05
Unpaid premiums,
55 10
Unpaid fines................................
70 00
Furniture and fixtures,.
3,250 00
Mortgage,
.
.
.
.
10,668 47
Cash in hands of treasurer, .

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

.

$136,216 00
28,381 16
3 50
18
605 00
2,114 45

$167,320 29

$167,320 29

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

D isbursements .

R ece ipts .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,
forfeited shares, .
temporary expense account,
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$34,906
9,392
343
338
1
24,900

00
18
85
81
00
00

12,200
2,450
143
9
771

00
00
58
23
42

13 50

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,
mortgage,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$49,779
2,650
18,443
513
5,118
3,770
51
1,652
669
771
43
12,065
3,250
10,668

10
00
00
00
00
33
24
08
99
42
40
71
00
47

14,594 84
9,381 33
$109,445 74

$109,445 74

No. 8 .]

151

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans on R eal E state .

L oans on Shares .

Rate.

Amount.

Amount.

Rate.

$64,150 00
85,350 00

6 00 per cent.
6.30
“

$150 00

Rate.

Amount.

6.60 per cent.

$1,950 00
150 00

6.00 per cent.
6.30
“

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

$175
164
153
143
133
123
113
104
95
86
78
70
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

•

25
23
52
12
03
20
65
41
43
71
25
03
05
29
78
49
40
52
85
38
10

Total
Value.

1889, .
1889, .
1890,.
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

Shares in
Force.

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

Series.

D ate op
I ssue .

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

63
46
79
69
52
64
115
67
78
59
131
166
136
165
127
233
224
191
311
216
325

$11,040
7,554
12,128
9,875
6,917
7,884
13,069
6,995
7,443
5,115
10,250
11,624
8,438
8,957
5,941
9,201
7,257
4,874
5,862
2,674
1,982

75
58
08
28
56
80
75
47
54
89
75
98
80
85
06
17
60
32
35
08
50

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

$136,216 00
28,381 16
746 00

*

252 00
$165,343 16

Total,

$165,343 16

Number of shares issued during the y e a r , ....................................... ........... 602
Number of shares now in f o r c e , ........................................................... 2,917
Number of shares now borrowed u p o n ,........................................................... 845
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the y e a r , ....................................... 377
Number of shares forfeited during the year, .
.
.
.6 2
Number of shares retired during the y e a r , ................................................. 46
Highest rate of premium or interest received on money sold during the y ear:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
Number o f members withdrawn during the y e a r , ....................................... 48
Present number of members...........................................
485
Present number of borrowers,.................................................................................. 129
Present number of non-borrow ers,.........................................................................356
Number of loans secured by first mortgage of real estate,
.
.
. 153
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 m e m b e r ,...............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31,1899,
.
656 49
Date of examination by commissioner : April 25.


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

152

R E P O R T O F TH E

[Pub. Doc,

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 N ov. 2, 1892.
J e sse H . S h e p a r d , President.

Commenced business N ov. 3, 1892.

W

il l i a m

D . B r o w n , Secretary and Treasurer.

Names of security committee:
W

m.

M. Sherw ell,

G eorge A . R o per,

Jo h n 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 ct.

A ssets .

o

o

o

'CD
O

L ia b ilit ie s .

m

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

31,1899.

7,525
80
445
32
45
14,983

00
00
00
25
20
55
10

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

$124,011 10

$100,040
16,888
227
855

00
22
06
82

$124,011 10

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .
R eceipts .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$32,885
6,644
374
259
12,800
2,995
200
7,383

00
53
00
58
00
00
11
34

$63,541 56

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
Cash on hand Oct. 31, 1899,

$25,700
4,870
15,313
2,265
410
14,983

00
00
00
16
30
10

$63,541 56

No. 8.]

153

SAYINGS BANK COMMISSIONERS

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R eal E state.

Rate.

$94,200 00
6,150 00

6.30 per cent.
6.60
“

$200 00
350 00

Sh a k e s .

Rate.

Amount.

Rate.

6.90 per cent.
8.40
“

$7,025 00
500 00

6.30 per cent.
6.90
“

Amount.

Amount.

on

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

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

$105
96
87
78
70
62
54
46
39
32
25
18
12
6

17
03
18
60
29
22
42
88
54
43
53
85
38
10

T otal
V alue.

1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
F orce.

Series.

D a te of
I ssue.

N o v .,
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,

V alue per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

213
93
126
151
229
71
220
172
141
153
337
203
227
498

$22,401
8,930
10,984
11,868
16,096
4,417
11,972
8,063
5,575
4,961
8,603
3,826
2,810
3,037

21
79
68
60
41
62
40
36
14
79
61
55
26
80

T o t a l , ........................................ $123,550 22

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

Total,

$106,040 00
16,888 22
622 00

$123,550 22

Number of shares issued during the y e a r , ................................................. 734
Number of shares now in f o r c e , ............................................................ 2,834
Number of shares now borrowed upon.............................................................. 771
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................410
Highest rate of premium or interest received on money sold during the y e a r:
6t30 per cent.
Lowest rate of premium or interest received on money sold during the year:
6t35 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the year............................................ 44
Present number of members....................................................................................... 330
Present number of borrow ers,.................................................................................... 93
Present number of non-borrow ers,.........................................................................237
Number of loans secured by first mortgage of real estate,
.
.
.
70
Number of loans on s h a r e s , .....................................................................................23
Largest loan to any one m e m b e r , ............................................................................... f 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, 1899,
.
430 30
Date of examination by commissioner : April 11.


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

[Pub. Doc.

REPORT OF THE

154

M IL F O R D

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

Incorporated March 31, 1887.
R . C. E l d r id g e , President.

Commenced business April 1, 1887.
W . S. V . Cooke , Secretary and Treasurer.

Names of security committee:

Clinton R . S cott,
C h ester L . Cl a r k ,

L ucius E . H e a t h ,
D an iel J. Cronan .

Regular meetings the first Monday of each month.

B alan c e Sh eet O ct.

31, 1899.

L ia b il it ie s .

A ssets.

$213,590 00
Loans on real estate,
9,940 00
Loans on shares, .
Temporary expense account,
18 92
2,743 01
Unpaid interest,
150 94
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .
1,945 42

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Fines.............................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus........................................

$189,776
34,733
1,068
28
1
45
1,425
1,309

00
48
58
76
00
71
00
76

$228,388 29

$228,388 29

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

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,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
municipality loan,
Cash on hand Oct. 31, 1898, .


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

$46,485
12,515
335
7
31,083

00
00
09
00
00

■ 6,100
4,370
279
3,000
4,358

00
00
89
00
89

$108,533 87

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
dues capital matured, .
profits capital withdrawn,
profits capital retired, .
profits capital m atured,.
temporary expenses,
municipality loan,
Cash on hand Oct. 31, 1899,

$48,175
6,165
16,124
17,194
4,497
3,615
5,104
1,983
730
3,000
1,945

00
00
00
00
00
20
65
36
24
00
42

$108,533 87

No. 8.]

SAYINGS BANK COMMISSIONERS.

155

Total Amount o f Loans at Specified Rates o f Interest.
Loans

Amount.
$150,915
11,100
21,050
7,900
10,300
5,600

on

Real E state.

Amount.

R ate.

00
00
00
00
00
00

L oans

6 per cent.
6|
“
6i
“
6g
»
6£
“
6|
«

$3,125
400
1,000
800
1,400

Sh a r e s .

Amount.

R a te.

00
00
00
00
00

on

6| per cent.
6J
“
7
n
“
7f
“

$8,515
100
1,125
200

00
00
00
00

R ate.

6 per cent.
6k
“
6|
“
7*
“

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

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

$198
187
175
164
154
143
133
123
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

98
29
94
92
22
83
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

14
19
13
15
13
6
50
96
162
157
245
138
360
216
232
101
204
487
526
227
225
139
151
134

Dues paid in advance, .
Total,

Total
Value.

Shares in
Force.

Series.

D ate of
I ss u 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,
April, 1897,
Oct., 1897,
April, 1898,
Oct., 1898,
April, 1899,
Oct., 1899,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital

$2,785
3,558
2,287
2,473
2,004
862
6,687
11,900
18,542
16,521
23,586
12,084
28,486
15,320
14,609
5,579
9,738
19,704
17,563
6,020
4,466
1,859
1,072
134

72
51
22
80
86
98
50
16
52
11
15
66
80
88
04
24
96
02
14
04
25
82
10
00

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

34,733 48
3,494 00

154 00
•

$228,003 48

Total,

Number of shares issued during the y e a r , ..................................................... 371
Number of shares now in f o r c e , ..................................................................... 3,930
Number of shares now borrowed u p o n ,............................................................1,453
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ........................................... 288
Number of shares retired during the y e a r , ..................................................... 171
Number of shares matured during the y e a r , ....................................................... 32
Highest rate o f premium or interest received on money sold during the y ear:
6^ per cent.
Lowest rate of premium or interest received on money sold during the year:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.


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

$189,776 00

$228,003 48

REPORT OF THE

Number of members withdrawn during the year, .
.
.
.
Present number of m e m b e r s ,.....................................................................
Present number of borrowers........................................................................

[Pub. Doc.
#

Present number of non-borrow ers,...........................................................
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, 1899
Date of examination by commissioner : M ay 25.


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

63
603
227
376
254
49

.

•

m
5°
o
o
o

156

00
50 00
730 24

No. 8.]

SAYINGS BANK COMMISSIONERS

157

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 — S O U T H
BOSTON.
Incorporated June 20, 1893.

Commenced business June 21, 1893.

T homas J. G ib l in , President.

J ohn M . S h e a , Secretary and Treasurer.

Names of security committee:

A lfred F . M acdonald ,
C h arles P . M ooney ,
J ohn H . G ib l in .
Eegular meetings the third Wednesday of each month.

Balan ce 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 fines, .
Cash in hands of treasurer, .

31, 1899.

$71,700
9,613
130
137
344

00
00
00
90
02
45
35 24
5,957 15

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

$76,568
7,825
2,403
22
65
199
4
132
580
115

00
47
65
72
40
36
60
42
34
80

$87,917 76

$87,917 76

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1 899.

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, 1898, .


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

$28,135
4,590
47
130
7,350
4,572
304
9
120
5,488

00
14
56
36
25
00
00
02
90
25
27

$50,747 75

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
profits capital withdrawn,
profits capital forfeited,
temporary expenses,
forfeited shares,
surplus, .
.
.
.
Cash on hand Oct. 31, 1899,

$21,150
7,263
14,435
340
1,212
39
273
76

00
00
00
00
65
55
70
45
25
5,957 15

$50,747 75

[Pub. Doc.

REPORT OF THE

158

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$1,000 00
58,500 00

on

L oans

R eal E state.

on

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

Rate.

5.00 per cent.
6.00
“

$12,200 00

6.30 per cent.

$8,913 00
700 00

6.00 per cent.
6.30
“

June, 1893,
Dec., 1893,
June, 1894,
Dec., 1894,
June, 1895,
Oct., 1895,
April, 1896,
Oct., 1896,
April, 1897,
Oct., 1897,
M ay, 1898,
N ov., 1898,
M ay, 1899,

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

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

$91
82
74
66
58
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

08
70
54
64
98
98
66
55
65
95
38
10
00

Total
Value.

Shares in
Force.

D a te of
I ssue.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

184
83
47
83
83
101
287
183
208
240
157
339
282

72
10
38
12
34
98
42
65
20
00
66
90
00

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

$76,568 00
7,825 47
969 00

30 00

.
•

$16,758
6,864
3,503
5,531
4,895
5,451
13,391
7,237
6,791
6,228
2,885
4,101
1,692

•

$85,362 47

$85,362 47

Total,

Number of shares issued during the y e a r , ................................................. 726
Number of shares now in f o r c e , ...........................................................2,277
Number of shares now borrowed u p o n ,...........................................................816
Largest, number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 636
Number of shares forfeited during the y e a r , ................................................. 20
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
60
Number of members withdrawn during the year, .
224
Present number of m e m b e r s ,.................................................
76
Present number of borrowers,.................................................
148
Present number of non-borrow ers,.......................................
38
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 endir
Date of examination by commissioner : June 9.


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

77

.
.

$4,200 00
20 00
303 70

No. 8.]

159

SAYINGS BANK COMMISSIONERS.

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.

A l b e r t E . M il l e r , President.

Commenced business May 9, 1892.
\V. G. M oseley , Secretary and Treasurer.

Names of security committee:

E . G. P ond ,
F . G. C l e w s ,

J ohn M oseley ,
F . G. T uttle ,

H ow ard A . C rossman .

Regular meetings the first Monday after the 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, .
Cash in hands of treasurer, .

31, 1899.

$24,250 00
3,860 00
1,904 16

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

$25,109
4,258
88
558

00
37
00
79

$30,014 16

$30,014 16

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
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. 31,1898, .


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

$7,954
1,563
84
19
600
2,390
85
2,540

00
17
75
23
75
00
00
82
93

$15,238 65

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$7,300
2,630
2,857
473
73
1,904

00
00
00
83
66
16

$15,238 65

160

[Pub. Doc,

REPORT OF THE

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

A m ou n t.

Kate.

$22,850 00

6.30 per cent.

L oans

R eal E st a te .

$1,400 00

Sh ar e s.

A m ou n t.

R ate.

A m ou n t.

on

6.60 per cent.

$3,860 00

Rate.

6.30 per cent.

1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1897,
1897,
1898,
1898,
1899,

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

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

$113
104
95
86
78
69
61
54
46
32
25
18
12
6

Dues paid in advance, .
Total,

•

•

46
23
27
57
13
93
97
24
74
39
52
85
38
10

75
25
33
6
7
31
37
12
41
102
19
76
66
166

Total
Value.

Shares in
Force.

Series.

D ate op
I ssue.

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

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$8,509
2,605
3,143
519
546
2,167
2,292
650
1,916
3,303
484
1,432
817
1,012

50
75
91
42
91
83
89
88
34
78
88
60
08
60

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

$25,109 00
4,258 37
52 00

15 00
$29,419 37

Total,

$29,419 37

Number of shares issued during the year........................................................... 262
Number of shares now in f o r c e , ..................................................................... 696
Number o f shares now borrowed upon............................................................... 180
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the y e a r , ....................................... 86
Highest rate of premium or interest received on money sold during the y e a r:
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
6 3-10 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 19
Present number of m e m b e r s ,...................................................................................116
Present number of borrow ers,.....................................................................................26
Present number of non-borrow ers,..........................................................
.9 0
Number of loans secured by first mortgage of real estate,
.
.
.
21
Number of loans on s h a r e s , .......................................................................................8
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 ,...............................................................................
130 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
73 66
Date of examination by commissioner: January 2.


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

No. 8.]

161

SAVINGS BANK COMMISSIONERS.

N E W B E D F O R D C O -O P E R A T IV E B A N K —N E W B E D F O R D .
Incorporated July 11, 1881.

Commenced business Aug. 19, 1881.

G eorge R . S tetson , President.
C h arles R . P r ic e , Secretary.
E dg ar L ord , Treasurer.
Names of security committee:

B enj . F . B ro w n ell ,
L ot B . B ates ,
W il lia m A . K ir b y .
Regular meetings tbe third Friday of each month.
B alan c e Sh eet O ct.

31, 1899.

L ia b il it ie s .

A ssets.

$271,963 25
Loans on real estate,
13,575 00
Loans on shares, .
200 00
Permanent expense account,
2,746 14
Real estate by foreclosure, .
1,341 90
Unpaid interest,
1,990 00
Unpaid dues , .
.
.
.
160 28
Unpaid fines, .
.
.
.
22 00
Suspense account, .
2,536 03
Personal accounts,
10,081 89
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Due on mortgage loans,
Personal accounts,

.

$242,100
53,417
4,957
3,429
133
497
80

00
00
48
98
64
99
40

$304,616 49

$304,616 49

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.

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,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
uncompleted mortgage
loans,
profit and loss,
real estate by foreclosure, .
.
.
.
personal accounts,
Cash on hand Oct. 31, 1898, .


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

$60,017
18,145
480
2
83,447

00
39
46
75
94

1,700 00

1,275
13,435
663
19
1,272

00
00
61
94
65

9,000 00
1 50
1,497 95
6,709 24
5,418 82
$203,087 25

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,
forfeited shares, .
interest on retired shares,
profit and loss,
suspense account, .
uncompleted mortgage
loans, .
.
.
.
real estate by foreclosure,
personal accounts,
Cash on hand Oct. 31, 1899,

$53,875
12,110
43,050
1,122
28,562
10,601
7,516
329
10,471
4,565
1,913
1,267
580
20
19

00
00
00
00
00
00
79
43
42
32
58
47
28
37
00

9,595
1,675
5,730
10,081

55
64
51
89

$203,087 25

162

R E P O R T O F TH E

[Pub. D oc

Total Amount o f Loans at Specified Rates o f Interest.
Loans

Amount.
$45,475
1,250
143,155
20,700
5,775
7,375
11,775
5,000
1,400
4,900
4,800

on

R eal E sta te .

Rate.

00
00
00
00
00
00
00
00
00
00
00

L oans

Amount.

5.50 per cent.
5.75
“
6.06
“
6.12
“
6.18
“
6.24
“
6.30
“
6.36
“
6.42
“
6.48
“
6.54
“

$6,000
4,825
1,983
1,300
2,600
200
1,200
500
1,600
150

Rate.

00
00
25
00
00
00
00
00
00
00

on

Sh a r e s .

Amount.

6.60 per cent.
6.66
“
6.72
»
6.78
“
6.8 4
»
6.96
“
7.02
“
7.08
“
7.14
“
7.56
«

$7,335
715
4,120
890
30
120
20
140
60
60
35
50

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

Rate.
5.50 per cent.
5.75
«
6.06
»
6.12
“
6.18
“
6.24
“
6.30
“
6.36
»
6.54
“
6.72
“
6.84
“
6.96
»

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

15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

$198
186
174
163
153
142
132
122
113
104
95
86
77
69
61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

•

12
30
84
75
00
60
52
74
23
03
09
40
97
79
84
13
65
38
32
48
84
38
10

.
•

Total
Value.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
Force.

Series.

D a te of
I ss u e .

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,
N ov.,
M ay,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

3
64
107
118
126
127
127
145
126
148
163
214
127
181
172
218
315
394
355
298
402
338
486

$594
11,923
18,707
19,322
19,278
18,110
16,830
17,797
14,266
15,396
15,499
18,489
9,902
12,631
10,636
11,800
14,694
15,515
11,473
7,593
7,573
4,184
2,964

36
20
88
50
00
20
04
30
98
44
67
60
19
99
48
34
75
72
60
04
68
44
60

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

53,417 00

330 00
• $295,517 00

Total,

Number of shares issued during the y e a r , ................................................. 889
Number of shares now in f o r c e , ........................................................... 4,754
Number of shares now borrowed u p o n ,................................................. 1,917
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,036
Number of shares forfeited during the y e a r , ................................................. 13
Number of shares retired during the year......................................................... 234


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

$242,100 00

$295,517 00

No. 8 .]

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

163

Number of shares matured during the y e a r , ................................................. 76
Highest rate of premium or interest received on money sold during the year :
2 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5£ per cent.
Rate of profits distributed : 1st term, 2g per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the y e a r ,....................................... 149
Present number of m e m b e r s ,.............................................................................
649
Present number of borrowers.....................................................................................261
Present number of non-borrowers............................................................................ 388
Number of loans secured by first mortgage of real estate,
.
.
.187
Number of loans on s h a r e s , .................................................................................... 74
Largest loan to any one m e m b e r ,.............................................................................. $4,900 00
Smallest loan to any one member..................................................................................
10 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1899, .
1,963 58
Date of examination by commissioner : June 29.


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

164

R E P O R T O F TH E

[Pub. D oc

-V)

N E W B U R Y P O R T C O -O P E R A T IV E B A N K — N E W B U R Y PORT.
Incorporated March 15, 1888.
W . H e r b e r t N o y e s , President.

Commenced business April 9, 1888.

G e o r g e E . S t ic k n e y , Secretary

m id

Treasurer.

Names of security committee:
L eonard N . K en t,
W . H e r b e r t N o yes,
L. F. B arton.

Regular meetings the second Monday of each month.

B alance Sheet Oct. 31, 1899.

A ssets.

L ia b il it ie s .

Loans on real estate,
1157,225 00
Loans on shares, .
2,350 00
Temporary expense account,
114 55
Suspense account, .
1,343 23
Furniture and fixtures, .
200 00
Real estate, .
.
.
.
210 68
Cash in hands of treasurer, .
8,565 37

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

.

.

$170,008 83

$136,753
29,098
918
54
53
1,335
1,794

00
95
63
65
62
00
98

$170,008 83

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
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, 1898, .


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

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

$34,579
9,457
573
284
18,700
1,500
176
1,208

00
83
79
31
75
00
00
17
78

$66,480 63

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, 1899,

$16,900
575
11,607
20,359
2,293
5,105
1,075
8,565

00
00
00
00
04
89
33
37

$66,480 63

No. 8 .]

165

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

Total Amount o f Loans at Specified Bates o f Interest.
L oans

on

L oans

B eal E sta te .

Amount.

Amount.

Rate.

$145,125 00
2,000 00
1,550 00

6.30 per cent.
6.60
“
6.90
“

Sh ares.

Rate.

Amount.

B ate.

$3,100 00
3,150 00
2,300 00

on

7.20 per cent.
7.50
“
7.80
“

$2,350 00

6.30 per cent.

$187
175
164
154
143
133
123
114
105
96
87
79
70
62
55
47
40
33
26
19
13
7
1

29
94
92
22
83
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

15
54
68
59
83
95
57
86
81
79
77
97
102
173
115
195
162
137
272
252
252
285
241

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

v

Total
Value.

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Shares in
Force.

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, .
April, 1897,.
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D a t e oe
I ss u e .

Series.

Beconciliation o f Share Account with Dues and Profits Capital.

$2,809
9,500
11,214
9,098
11,937
12,706
7,065
9,843
8,523
7,605
6,742
7,675
7,234
10,893
6,352
9,309
6,554
4,574
7,213
5,002
3,371
2,023
241

35
76
56
98
89
25
72
56
63
33
89
61
86
81
60
30
52
43
44
20
76
50
00

$167,495 95

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

Total,

Number of shares issued during the y e a r , ................................................. 562
Number of shares now in f o r c e , ........................................................... 3,037
Number o f shares now borrowed u p o n ,........................................................... 861
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the year................................................. 275
Number of shares retired during the year,
.
.
.
•
•
.311
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
^
Number of members withdrawn during the year, .
445
Present number o f m e m b e r s ,.................................................
120
Present number of borrow ers,.................................................
325
Present number of non-borrow ers,.......................................
126
' -Number of loans secured by first mortgage of real estate,
9
ÿp m b er 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, .
.
.
•
;
. 01 1Qno
Amount o f expenses of the corporation for the year ending Oct. 31,1899,
Date of examination by commissioner : October 17.


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

$136,753 00
29,098 95
1,644 00

$167,495 95

$5,000 00
50 00
1,075 33

166

R E P O R T O F TH E

[Pub. D oc

N E W T O N C O -O P E R A T IV E B A N K — N E W T O N V I L L E .
Incorporated June 14, 1888.
F r a n c is A . D e w s o n , President.

Commenced business Sept. 4, 1888.

J. C h e e v e h F u l l e r , Secretary and Treasurer.

Names of security committee:
J. W . F r e n c h ,
F . J. H a l e ,

T . B. F i t z p a t r i c k ,
G. F . S im p s o n .

Regular meetings the first Tuesday of each month.

B alance Sheet Oct. 31, 1899.

A ssets.

L ia b il it ie s .

Loans on real estate,
$490,500 00
Loans on shares, .
17,330 00
Temporary expense account,
505 64
Real estate by foreclosure, .
2,500 00
Cash in hands of treasurer, .
389 92

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

$511,225 56

$433,622
65,352
4,785
200
108
384
3,900
2,872

00
73
16
45
44
29
00
49

$511,225 56

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

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
real estate loans elimi­
nated by foreclosure,
share loans repaid,
withdrawal profits,
security committee,
real estate by foreclos­
ure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

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

$146,726
26,594
1,378
549
180,475

00
20
57
95
00

4,600
17,805
1,372
90

00
00
19
00

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
interest on retired shares,
security committee,
real estate by foreclosure,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$196,450 00
17,155 00
79,933 00
55,825 00
10,971 06
14,778 00
3,290 30
614 12
90 00 /
4,600 00 X
389 &2

2,100 00
2,405 49
$384,096 40

$384,096 40

No. 8 .]

167

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.

$40,000
65.000
93.000
266,200

00
00
00
00

on

R eal E state.

L oans

on

Sh a r e s.

Rate.

Amount.

Rate.

Amount.

Rate.

5.50 per cent.
5.70
“
6.00
“
6.30
«

$21,700 00
2,100 00
2,500 00

6.60 per cent.
6.90
“
7.50
»

$14,000 00
3,330 00

6.00 per cent.
6.30
«

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

1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .
1899,.

1 $186 99
80
2
81
175 71
3
52
164 77
4
154 16
95
92
5
143 86
133 85
6
86
124 12
142
7
8
114 69
228
9
105 53
118
10
96 64
254
11
88 00
207
12
79 62
335
13
421
71 48
14
63 58
568
55 91
15
479
48 46 1,019
16
41 22
719
17
34 21 1,119
18
19
27 40 1,029
20
20 78 1,236
21
14 35 1,472
22
8 09 1,480
2 00
23
970

Dues paid in advance, .
Total,

•

Total
Value.

Shares in
Force.

of

I ssue.

Series.

Date

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$14,959 20
14,232 51
8,568 04
14,645 20
13,235 12
11,511 10
17,625 04
26,149 32
12,452 54
24,546 56
18,216 00
26,672 70
30,093 08
36,113 44
26,780 89
49,380 74
29,637 18
38,280 99
28,194 60
25,684 08
21,123 20
11,973 20
1,940 00

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

$433,622 00
65,352 73
3,946 00

906 00
$502,920 73

Total,

$502,920 73

»
Number of shares issued during the y e a r , ........................................3,335
Number of shares now in f o r c e , ...........................................................12,282
Number o f shares now borrowed u p o n ,................................................. 2,993
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
2,664
Number of shares retired during the y e a r , ................................................. 635
Highest rate of premium or interest received on money sold during the year:
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5£ per cent.
Rate of profits distributed: 1st term, 2 f per cent.; 2d term, 2| per cent.
Number o f members withdrawn during the y e a r , ........................................225
Present number of m e m b e r s ,...............................................................................1,238
Present number of borrow ers,.................................................................................. 286
''•^resent number of non-borrowers.............................................................................952
Num oer of loans secured by first mortgage of real estate,
.
.
. 239
Num ber of loans on s h a r e s , .................................................................................... 57
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, 1899, .
3,290 30
Date of examination by commissioner : March 10.


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

168

R E P O R T O F TH E

[Pub. D oc.

W O R T H A B IW G TO W C O -O P E R A T IV E B A N K — W O R T H
A B IW G TO W .
Incorporated March 23,1888.
W

il l ia m

Commenced business April 4, 1888.

E . L y o n , President.
E r n e s t W . C a l k i n s , Secretary.
E d w a r d P. B o y n t o n , Treasurer.

Names of security committee :
J o se p h L . G r e e n w o o d ,
Sa m u e l N . T u r n e r ,
E l ip h a l e t R . B a t e s.

Regular meetings the first Wednesday of each month.

B alance Sh eet 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 o f secretary, .
Cash in hands of treasurer, .

31, 1899.

$74,500
1,100
9
338
17
43
83
6,292

00
00
05
75
90
22
71
40

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

$82,385 03

$65,100
14,785
404
20
21
15
340
1,692
5

00
12
29
60
30
09
00
71
92

$82,385 03

Detailed Statement o f Receipts and Disbursements for the Year ending
Oct. 31, 1899.

R eceipts .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
tax account,
Cash on hand Oct. 31, 1898, .


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

D isbursements .

$16,806
4,408
223
206
1
8,600
1,800
235
1
4
20
5,162

00
84
25
79
00
00
00
10
20
34
89
08

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,
fixtures
Cash on hand Oct. 31, 1899,

$37,469 49

$18,500
1,150
6,715
54
2,418
947
4
959
316
X27
'6,376

00
00
00
00
00
98
78

83
"
42
11

$37,469 49
■

No. 8 .]

169

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

Total Amount o f Loans at Specified Bates o f Interest.
L oans

on

L oans

R bal E state.

on

Sh a k e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$74,500 00

6.30 per cent.

-

-

$1,100 00

6.3 0 per cent.

$198
187
175
164
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,

24
24
34
36
21
25
50
5
26
55
32
10
63
33
40
44
113
28
152
98
146
82
247
132

98
29
94
92
22
83
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

.

Total
Value.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Shares in
Force.

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, .
April, 1897, .
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D a te of
I ssue.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$4,775
4,494
5,981
5,937
3,238
3,595
6,687
619
2,975
5,787
3,080
875
4,985
2,340
2,518
2,430
5,394
1,132
5,075
2,598
2,898
1,097
1,753
132

52
96
96
12
62
75
50
80
96
65
64
70
19
69
80
56
62
88
28
96
10
16
70
00

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

$65,100 00
14,785 12
526 00

2 00

$80,411 12

$80,411 12

Total,

Number of shares issued during the y e a r , ................................................. 433
Number of shares now in force,
........................................................... 1,520
Number of shares now borrowed u p o n ,...........................................................408
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 202
Number of shares forfeited during the y e a r , ................................................. 2
Number of shares retired during the year,
.
.
.
.
.1 9
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent
38
Number of members withdrawn during the year, .
279
Present number of m e m b e r s ,.................................................
80
Present number of borrow ers,.................................................
199
Present number of non-borrow ers,.......................................
83
Number of loans secured by first mortgage of real estate,
5
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, .
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1899,« •
Date of examination by commissioner : April 3.


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

.

$2,600 00
50 00
316 34

170

R E P O R T O F TH E

[Pub. D oc.

N O R TH AM PTO N C O -O P E R A TIV E B A N K — N O R T H ­
AM P TO N .
Incorporated May 21, 1889.

E . C. D a v is , President.

Commenced business M ay 24, 1889.

H . R . G raves , Secretary.
L . L . Ca m p b e l l , Treasurer.
Names of security committee :

C. S. Crouch ,

L . L . Ca m p b e l l ,
S. R . C ooley .

Regular meetings the first Monday of each month.
B a l a n c e S h e e t O c t . 31, 1899.

A ssets.

L ia b il it ie s .

$214,050 00
Loans on real estate,
5,770 00
Loans on shares, .
4,303 81
Real estate by foreclosure, .
Unpaid interest,
1,379 94
Unpaid premiums,
107 65
Unpaid fines................................
286 95
Unpaid dues, .
.
.
.
1,969 00
Cash in hands of secretary, .
23 08
Cash in hands of treasurer, .
2,817 29

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

$190,229
38,150
594
1,650
83

00
91
59
02
20

$230,707 72

$230,707 72

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

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeited shares, .
rent.....................................
Cash on hand Oct. 31, 1898, .


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

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

$55,656
11,462
619
298
1
36,500

00
91
97
41
75
00

1,800
1,667
224
143
126
1,384

00
00
31
80
00
77

$109,884 92

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
forfeited shares,
interest on retired shares,
repairs and expenses, .
taxes and insurance,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$71,800
4,175
18,955
140
5,337
2,493
1,044
909
169
67
80
73
1,800
2,840

00
00
00
00
00
03
95
62
17
15
22
41
00
37

$109,884 92

No. 8 .]

171

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$73,000
109,600
14,450
11,500

on

Rate.

00
00
00
00

L oans

R eal E state.

Amount.

6.00 per cent.
6.30
“
6.60
“
6.90
»

$2,000
1,300
1,600
600

7.20 per cent.
7.50
“
8.10
“
8.70
«

$5,270 00
500 00

Sh ar e s.

Rate.

Amount.

Rate.

00
00
00
00

on

6.00 per cent.
6.30
»

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

1
2

3
4
5
6

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

$173
162
151
141
131
123
113
104
95
86
78
70
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

■

33
52
91
58
51
11
71
42
41
68
23
00
03
28
76
47
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,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Shares in
Force.

Da te of
I ssue.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

96
89
61
77
98
116
102
139
135
66
89
179
228
255
184
193
297
415
424
679
757

$16,639
14,464
9,266
10,901
12,887
14,280
11,598
14,514
12,880
5,720
6,962
12,530
14,142
13,841
8,603
7,617
9,619
10,590
7,992
8,406
4,617

68
28
51
66
98
76
42
38
35
88
47
00
84
40
84
71
83
80
40
02
70

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

$188,260 00
38,150 91
1,969 00

300 00
$228,379 91

Total,

.

.

$228,379 91

Number of shares issued during the year................................................1,543
Number of shares now in f o r c e , ........................................................... 4,679
Number of shares now borrowed u p o n ,................................................. 1,280
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 686
Number o f shares forfeited during the y e a r , ................................................. 10
Number of shares retired during the y e a r , .................................................71
Highest rate of premium or interest received on money sold during the y e a r:
45 cents premium.
Lowest rate of premium or interest received on money sold during the year:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 79
Present number of m e m b e r s ,.................................................................................. 672
Present number of borrow ers,..................................................................................203
Present number of non-borrowers,........................................................................ 469
Number of loans secured by first mortgage of real estate,
.
.
.173
Number of loans on s h a r e s , .................................................................................... 40
Largest loan to any one m e m b e r ,.............................................................................. $4,400 00
Smallest loan to any one member...................................................................................
10 00
Amount of expenses of the corporation for the year ending Oct. 31,1899, .
909 62
Date of examination by commissioner : June 26.


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

172

[Pub. D oc.

R E P O R T O F TH E

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 R TH
D IG H TO N .
Incorporated April 14, 1890.

Commenced business April 21, 1890.

Joseph P h il b iu c k , President.
N a th an iel R . L incoln , Secretary.
E d w ard L incoln , Treasurer.
Names of security committee:

E dw ard A lm t,

O tis N . W a l k e r ,
E . E . L incoln .

Regular meetings the second Monday 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,
.
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Pass book account,
Town notes, .
.
.
.
Cash in hands of treasurer, .

31,1899.

$46,400
850
65
33
1
16
18
2,000
3,083

00
00
75
00
25
99
90
00
43

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

$52,469 32

$42,502
7,576
1,518
78
27
299
401
65

00
20
85
60
40
20
34
73

$52,469 32

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

R e c e ip t s.

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
forfeited shares, .
town notes, .
pass book account,
Cash on hand Oct. 31, 1898, .


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

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

$11,443
2,871
147
63
11,625
905
465
600
1
983

00
27
58
59
00
00
93
00
30
21

$29,105 88

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,
town notes, .
Cash on hand Oct. 31, 1899,

$11,500
995
5,916
433
2,821
909
32
885
129
400
2,000
3,083

00
00
00
00
00
38
93
30
64
20
00
43

$29,105 88

No. 8 .]

173

S A Y IN G S B A N K C O M M IS S IO N E D .

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

B eal E state.

Amount.

Bate.

Amount.

Bate.

$46,400 00

6.30 per cent.

-

-

on

Bate.

Amount.
$850 00

Sh a r e s .

6.30 per cent.

.
.
.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8
9
10

$149
129
111
93
76
61
46
32
19
7

05
58
00
42
84
20
44
52
39
00

Total
Value.

1890,
1891,
1892,
1893,
1894,
1895,
1896,
1897,
1898,
1899,

Shares in
Force.

Series.

D a te of
I ssue.

April,
April,
April,
April,
April,
April,
April,
April,
April,
April,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

127
32
32
21
25
99
101
125
157
258

$18,929
4,146
3,552
1,961
1,921
6,058
4,690
4,065
3,044
1,806

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

35
56
00
82
00
80
44
00
23
00

$50,175 20

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

Total,

$42,502 00
7,576 20
97 00

$50,175 20

Number o f shares issued during the year...................................... .........
. 268
Number of shares now in f o r c e , .....................................................................977
Number o f shares now borrowed u p o n ,...........................................................314
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the year,
.
.
.
.
. 184
Number of shares forfeited during the y e a r , ................................................. 17
Number of shares retired during the y e a r , ................................................. 26
Highest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y e a r:
5 cents premium.
Rate of profits distributed: 6 per cent.
Number of members withdrawn during the y e a r ,....................................... 15
Present number of m e m b e r s ,.................................................................................. 153
Present number o f borrowers,.....................................................................................52
Present number of non-borrow ers,.........................................................................101
Number of loans secured by first mortgage of real estate,
.
.
.
46
Number of loans on shares.............................................................................................. 7
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 ,..............................................................................
20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
129 64
Date o f examination by commissioner : July 20.


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Federal Reserve Bank of St. Louis

[Pub. D oc

R E P O R T O F TH E

174

N O R TH E A S T O N C O -O P E R A T IV E B A N K — N O R TH
EA STO N .
Incorporated April 23, 1889.

L. B . C rockett , President.

Commenced business April 23, 1889.

W il l ia m H. C lem ents , Secretary and Treasurer.

Names of security committee :

E dw ard R . H ayw a r d ,
S. K . K e l l e y ,
G eorge H. D e W it t .
Regular meetings the third Monday of each month.
B a la n c e Sh e e t O c t .

31,1899.

L ia b il it ie s .

A ssets.

$102,300 00
Loans on real estate,
Loans on shares, .
3,675 00
20 00
Temporary expense account,
801 75
Unpaid interest,
Unpaid premiums,
35 07
75 50
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .
2,725 23

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

$87,128
19,067
559
32
44

00
58
47
48
08

6 86

1,234 12
1,544 62
15 34
$109,632 55

$109,632 55

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

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,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
retired share account, .
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$21,817
5,892
362
253
1
12,800

00
31
32
93
25
00

2,600
4,900
183
20
12,876

00
00
49
59
38

3,610 80
3,713 63
$69,031 70

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,
interest on retired shares,
retired share account, .
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$25,950
4,780
5,316
332
10,579
725
42
2,567
374
7
265
12,876
2,489
2,725

00
00
00
00
00
72
39
07
88
92
31
38
80
23

$69,031 70

No. 8 .]

175

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$5,750
80,750
7,000
4,600

00
00
00
00

on

L oans

R eal E state.

Amount.

R ate.

Sh a r e s .

A mount.

R ate.

7.20 per cent.
7.50
“
8.1 0
“

$1,500 00
1,800 00
900 00

6.00 per cent.
6.30
“
6.60
“
6.90
«

on

$3,675 00

R ate.

6.30 per cent.

1

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, .
April, 1897, .
Oct., 1897, .
April, 1898,.
Oct., 1898, .
April, 1899, .
Oct., 1899, .

2

3
4
5
6

7
8
9
10
11
12

13
14
15
16
17
18
19
20
21
22

$183
171
159
148
137
127
117
107
98
89
80
71
63
55
48
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

5
14

09
27
80
66
86
46
36
67
25
16
39
89
68
78
10
71
54
61
90
41
11
00

22

8
57
56
99
109
92
69
115
103
61
67
88
108
96
103
144
148
239
166

•

V alue.

Total

D a te of
I ssue.

Shares in
Force.

Series.

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$915
2,397
3,515
1,189
7,858
7,137
11,618
11,736
9,039
6,152
9,244
7,404
3,884
3,737
4,232
4,396
3,219
2,740
2,865
1,984
1,699
166

45
78
60
28
02
76
64
03
00
04
85
67
48
26
80
68
84
83
60
68
29
00

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

$87,128 00
19,067 58
988 00

47 00
$107,183 58

$107,183 58

Total,

Number of shares issued during the y e a r , ................................................. 480
Number of shares now in f o r c e , ...........................................................1,969
Number of shares now borrowed upon.............................................................. 575
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the y e a r , ....................................... 188
Number of shares forfeited during the y e a r , ................................................. 13
Number of shares retired during the year......................................................... 120
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term
per cent.
14
Number of members withdrawn during the year, .
292
Present number of members......................................................
111
Present number of borrowers....................................................
181
Present number of non-borrow ers,.......................................
116
Number of loans secured by first mortgage of real estate,
10
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 ,.......................................
Amount of expenses of the corporation for the year endin.
» •
Date of examination by commissioner : M ay 29.


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

,
.

$2,800 00
25 00
382 80

[Pub. D oc.

R E P O R T OF TH E

176

NO RW O O D C O -O P E R A TIV E B A N K — N O R W O O D .

Incorporated Sept. 20, 1889.

Commenced business Oct. 1, 1889.

F rancis O. W in slow , President.

I rving S. F ogg , Secretary and Treasurer.

Names of security committee :

T yler T hayer,

E dmund J. S hattuck ,
G eorge W . G a y .

Regular meetings the first Tuesday of each month.

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

31, 1899.

L ia b il it ie s .

A ssets.

$129,415 00
Loans on real estate,
2,629 00
Loans on shares, .
34 38
Unpaid fines, .
.
.
.
614 91
Personal account, .
14,319
90
Cash in hands of treasurer, .

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

$121,907
21,607
133
6
60
475
2,823

00
12
82
10
69
00
46

$147,013 19

$147,013 19

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

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,.
personal account,
Cash on hand Oct. 31, 1898, .


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

$37,619
7,522
370
194
12,900
1,540
404
20
659
6,303

00
70
75
20
75
00
00
85
78
74
55

$67,536 32

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,
interest on retired shares,
personal accounts,
Cash on hand Oct. 31, 1899,

$25,050
2,379
15,320
412
5,509
1,608
83
1,659
407
140
646
14,319

00
00
00
00
00
64
23
90
84
50
31
90

$67,536 32

No. 8 .]

177

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R eal E st a te .

Amount.

Rate.

Amount.

$129,415 00

6.30 per cent.

-

on

Rate.

Amount.

Rate.

$855 00
1,774 00

-

Sh a k e s .

6.00 per cent.
6.30
“

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

$164
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,

92
22
83
75
96
46
23
27
57
13
93
97
24
74
46
39
52
85
38
10
00

Total
Value.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

Shares in
Force.

Series.

D a te of
I ssu e.

Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
O c t,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

49
58
14
35
97
69
85
89
76
80
78
200
108
195
139
279
302
370
255
413
361

$8,081
8,944
2,013
4,681
2,024
7,897
8,944
8,568
6,655
6,330
5,532
12,594
5,965
9,309
5,623
9,315
8,009
7,344
3,411
2,932
361

08
76
62
25
12
74
55
03
32
40
54
00
92
30
94
81
04
50
90
30
00

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

$121,907 00
21,607 12
1,098 00

71 00
$144,612 12

Total,

$144,612 12

Number of shares issued during the year..........................................................950
Number of shares now in f o r c e , ........................................................... 3,352
Number of shares now borrowed upon, .
.
.
.
.
. 729
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 658
Number of shares forfeited during the y e a r , ................................................. 8
Number of shares retired during the y e a r , ................................................. 50
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 92
Present number of m e m b e r s ,.................................................................................. 527
Present number of borrow ers,.................................................................................. 119
Present number o f non-borrow ers,........................................................................ 408
Number of loans secured by first mortgage of real estate,
.
.
. 126
Number of loans on s h a r e s , .....................................................................................19
Largest loan to any one member,
.
.....................................................................$5,000 00
Smallest loan to any one member...................................................................................
10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
414 34
Date of examination by commissioner : September 1.


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

R E P O R T O F TH E

178

ORANGE

[Pub. D oc.

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

Incorporated Jan. 8, 1889.
F r a n k S. E w i n g , President.

Commenced business Jan. 23, 1889.
E l is h a S. H a l l , Secretary and Treasurer.

Names of security committee :
John L . W

il l ia m s ,

Z en as W . L a m b ,
A delbekt W . B allou.

Regular meetings the fourth Wednesday of each month.

Balance S heet Oct.

A ssets.

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

31, 1899.

L ia b il it ie s .

$88,790
6,570
207
24
90
3,231

00
00
10
75
61
39

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

$98,913 85

$81,476
15,085
1,757
2
49

00
80
14
35
26
50
42 16
360 29
134 35
6 00

$98,913 85

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.

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, 1898, .


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

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

$19,942
5,153
6
122
1
10.205
2,6?5
146
2,264

00
09
60
61
25
00
00
71
10

$40,496 36

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,
taxes,
.
.
.
.
Cash on hand Oct. 31, 1899,

$11,880
4,640
8,767
7,327
1,437
2,490
269
200
162
90
3,231

00
00
00
00
27
68
70
00
71
61
39

$40,496 36

«

No. 8 .]

179

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

Amount.

Rate.

$86,860 00
1,830 00

6.00 per cent.
6.30
“

R eal E sta te .

Loans

Sh ar e s.

Rate.

Amount.

Rate.

6.90 per cent.

$6,570 00

6.00 per cent.

Amount.
$100 00

on

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$178
167
156
146
136
126
117
107
99
90
81
73
65
58
50
43
36
29
22
16
10
4

Dues paid in advance, .
Total,

52
52
85
49
43
66
19
98
04
37
95
77
82
12
63
37
32
46
81
36
09
00

Total
Value.

1889,
18H9,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

Shares in
Force.

Series.

D a t e of
I ssue.

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

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

5
9
59
25
59
63
59
34
59
68
60
70
58
47
164
82
134
108
137
61
143
154

$892
1.507
9,254
3,662
8,049
7,979
6,914
3,671
5,843
6,145
4,917
5,163
3,817
2,731
8,303
3,556
4,866
3,181
3,124
997
1,442
616

60
68
15
25
37
58
21
32
36
16
00
90
56
64
32
34
88
68
97
96
87
00

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

$81,476 00
15,085 80
120 00

42 00
$96,681 80

Total,

$96,681 80

Number of shares issued daring the y e a r , ................................................. 318
Number of shares now in f o r c e , ........................................................... 1,658
Number of shares now borrowed u p o n , .......................................................... 656
Largest number of shares held by anv one member...................................... 25
Numher of shares withdrawn during the y e a r , ....................................... 242
Numbpr of shares retired during the y e a r , ................................................. 59
Highest rate of premium or interest received on money sold during the year:
6 per cent.
Lowest rate of premium or interest received on money sold during the year:
6 per cent.
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 2| per cent.
Number of members withdrawn during the y e a r , ....................................... 39
Present number o f m e m b e r s ,.................................................................................. 268
Present number of borrowers,...................................................................................118
Present number of non-borrowers,.........................................................................150
Number of loans secured by first mortgage of real estate,
.
.
. 132
Number of loans on s h a r e s , .................................................................................... 34
Largest loan to anv one m e m b e r ,.............................................................................. $2,900 00
Smallest loan to any one member..................................................................................
15 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
287 58
Pate of examination by commissioner: February 6.


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

180

[Pub. D oc.

R E P O R T O F TH E

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 M ay 28, 1888.

Commenced business June 16, 1888.

P. H . O ’ C o n o r , President.

H. F. W

alker,

Secretary and Treasurer.

Names of security committee :
S. S. L i t t l e f i e l d ,

I sa a c A . D r o w n e ,

T h o m a s H . Ja c k m a n .

Regular meetings the third Saturday o f each month.

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

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$234,475 00
Loans on shares, .
2,900 00
Temporary expense account,
344 32
Real estate by foreclosure, .
4,247 63
Mortgage,
.
.
.
.
2,800 00
Profit and loss account,
19 20
Cash in hands of treasurer, .
3,644 85

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

$248,431 00

$203,778
37,042
3,330
201
76
56
783
3,162

00
23
55
11
80
68
49
14

$248,431 00

Detailed Statement o f Receipts and Disbursements for the Year endina
Oct. 31, 1899.

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
income from real estate
by foreclosure .
real estate by foreclos­
ure, .
.
.
.
mortgage, .
Cash on hand Oct. 31, 1898, .


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

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

$51,240
13,417
740
207

00
98
73
36
75
21,900 00
7,950 00
116 09
15 52
4,653 41
2,458 38
6,194 94

$108,895 16

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
interest on retired shares,
mortgage,
real estate by foreclosure,
profit and loss account,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$33,500
3,600
35,755
12,594
6,513
4,702
1,260
259
2,800
4,111
153
3,644

00
00
00
00
11
50
99
92
00
38
41
85

$108,895 16

No. 8 .]

SA Y IN G S B A N K

181

COM M ISSION ERS.

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

on

L oans

R eal E state.

Rate.

$222,175 00
11,700 00

6.30 per cent.
6.60
“

$600 00

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

Amount.

on

6.90 per cent.

$2,900 00

6.30 per cent.

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

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

$191
180
169
158
148
137
128
118
109
100
91
83
74
66
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

•

•

•

57
22
18
46
04
93
12
60
35
36
65
18
96
98
24
74
46
39
52
85
38
10
00

21
54
60
73
99
85
108
46
100
107
220
167
127
176
273
311
239
227
424
522
328
155
266

Total
Value.

Shares in
Torce.

Series.

D ate op
I ssue.

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.

Reconciliation o f Share Account with Dues and Profits Capital.

$4,022
9,731
10,150
11,567
14,655
11,724
13,836
5,455
10,935
10,738
20,163
13,891
9,519
11,788
16,172
16,091
10,625
8,487
12,940
12,449
5,700
1,720
1,330

97
88
80
58
96
05
96
60
00
52
00
06
92
48
52
14
94
53
48
70
64
50
00

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

37,042 23
3,017 00

137 00
$243,837 23

Total,

Number of shares issued during the y e a r , ....................................... ........... 443
Number of shares now in f o r c e , ...........................................................4,188
Number of shares now borrowed u p o n ,................................................. 1,338
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 710
Number of shares retired during the year,
.
.
.
.
.
. 171
Highest rate of premium or interest received on money sold during the y ea r:
5.cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
82
Number o f members withdrawn during the y e a r , .......................................
Present number of m e m b e r s ,............................................................................... 583
Present number of borrowers,.............................................................................. 204
Present number of non-borrow ers,..................................................................... 379
Number of loans secured by first mortgage of real estate,
279
24
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, .
.
.
.
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31,1899,
Date of examination by commissioner : September 8.


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

$203,778 00

$243,837 23

$4,000 00
50 00
1,260 99

182

[Pub. Doc,

R E P O R T O F TH E

P E O P L E ’ S C O -O P E R A T IV E B A N K — F A L L R I V E R .
Incorporated Feb. 18, 1882.
M il t o n R e e d , President.

Commenced business March 15, 1882.

C h a r l e s H . D u r f e e , Secretary and Treasurer.

Names of security committee:
J ohn H . E stes,
A . P. D ayol,

C h a r l e s H. D u r f e e ,
P a t r ic k K i e r a n ,
M . Sw e e n e y .

Regular meetings the third Wednesday of each month.

Balance Sheet Oct.

31, 1899.

L ia b il it ie s .

A ssets.

«219,200 00
Loans on real estate,
10,750 00
Loans on shares, .
12,512 69
Real estate by foreclosure, .
1,498 69
Unpaid interest,
75 70
Unpaid premiums,
164 20
Unpaid fines, .
1,513 00
Unpaid dues, .
.
.
.
6,625 21
Cash in hands of treasurer, .

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

$207,876
39,166
1,371
3,889
35

00
35
82
46
86

$252,339 49

$252,339 49

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct 31, 1899.
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,
Cash on hand Oct. 31,1898, .


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

$55,547
12.519
547
306
49,150
5,550
1,115
584

00
14
32
01
00
00
40
33

$125,319 20

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
interest on retired shares,
interest rebated,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$49,600
5,400
40,926
10,060
6.752
3,602
1,037
313
23
978
6,625

00
00
00
00
76
78
45
30
58
12
21

$125,319 20

No. 8 .]

183

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R bal E state.

Amount.

Rate.

Amount.

$219,200 00

5.50 per cent.

-

on

Sh a r e s .

Rate.

Amount.

Rate.

$5,550 00
5,200 00

-

5.50 per cent.
6.00
“

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

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1S92,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

14 $196 51
15 ■ 184 82
16
173 53
162 60
17
18
151 87
141 52
19
131 54
20
121 82
21
112 41
22
103 25
23
94 40
24
85 79
25
77 43
26
69 33
27
28
61 44
29
53 79
30
46 37
39 16
31
32 14
32
25 33
33
18 74
34
12 33
35
6 09
36

5
31
27
91
120
111
75
53
101
45
153
183
152
184
456
304
225
295
305
308
385
447
532

T o t a l , .......................................

T otal
Value.

Shares in
F orce.

D a te of
I ssu e.

V alue p er
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$982
5,729
4,685
14,796
18,224
15,708
9,865
6,456
11,353
4,646
14,443
15,699
11,769
12,756
28,016
16,352
10,433
11,552
9,802
7,801
7,214
5,511
3,239

55
42
31
60
40
72
50
46
41
25
20
57
36
72
64
16
25
20
70
64
90
51
88

$247,042 35

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

$206,363 00
39,166 35
1,513 00

$247,042 35

Total,

Number of shares issued during the y e a r , ....................................... 1,051
Number of shares now in force.................................................4 •
•
4,588
Number of shares now borrowed upon, ................................................. 1,291
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year....................................... 1,033
Number of shares retired during the y e a r , ................................................. 78
Highest rate of premium or interest received on money sold during the y ea r:
6
per cent.
Lowest rate of premium or interest received on money sold during the year :
5£ per cent.
Rate of profits distributed : 1st term, 2 9-10 per cent. ; 2d term, 2 8-10 per cent
125
Number of members withdrawn during the year, .
551
Present number of m e m b e r s ,.................................................
133
Present number of borrowers,.................................................
418
Present number of non-borrow ers,.......................................
106
Number of loans secured by first mortgage of real estate,
27
Number of loans on s h a r e s , .................................................
$5,000 00
Largest loan to any one m e m b e r ,.......................................
50 00
Smallest loan to any one member, .
.
.
.
.
1,037 45
Amount of expenses of the corporation for the year endin
> •
Date of examination by commissioner : October 16.


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

.

184

R E P O E T O F TH E

[Pub. D oc

P IO N E E R C O -O P E R A T IV E B A N K — B O S T O N .
Incorporated July 26, 1877.
G a m a l i e l B r a d f o r d , President.

Commenced business Aug. 6, 1877.
D a n ie l E l d r e d g e , Secretary and Treasurer.

Names of security committee :
H e n r y P . Oa k m a n ,
John K . F e llo w s,
W a lte r H . R o berts,
J o h n C. C o o k ,
E l b r id g e K . N e w h a 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, 1899.
L ia b il it ie s .

Loans on real estate, .
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Mortgages, .
.
.
.
T ax account,
Cash in hands o f treasurer,

$>231,550
8,700
275
24,631
1,396
45
153
22,759
78
9,536

00
00
00
37
87
75
68
29
71
28

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,
Retired share account,.

$299,126 95

$238,668
43,960
1,507
58

00
07
01
70

68 00
1 00

104
10
3,950
10,116
193
489

13
95
00
73
14
22

$299,126 95

Detailed Statement o f Beceipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
R e c e ip t s .

„

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,.
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
retired share account, .
mortgages, .
real estate by foreclosure, .
.
.
.
profits capital,
matured share account,
surplus,


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

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

$66,318
16,384
715
706
3
45,400

00
68
85
75
75
00

16,050 00
4,950
7,950
904
152
265
44,790
11,412

00
00
52
97
31
75
81

16,282 38
04
2,399 57
1 00

$234,688 38

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 m atured,.
temporary expenses,
dues capital, .
forfeited shares,
taxes,
.
.
.
.
real estate bv foreclosure,
retired share account, .
interest on retired and
matured shares,.
matured share account,
mortgages,
surplus, .
.
.
.
receipts on account N ovember, 1898, meeting,
transferred,
Cash on hand Oct. 31, 1899,

$50,650
8,750
25,649
2,203
37,763
5,381
3,618
612
9,522
2,419
2,279
1
277
78
22,693
44,762

00
00
00
00
00
00
41
03
45
17
29
00
67
71
19
73

409 30
2,598 88
3,057 35
04

2,425 88
9,536 28
$234,688 38

185

No. 8 . ] ' SA Y IN G S B A N K COM M ISSION ERS.

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$74,750
3,600
2,400
2,500
123,650
12,300
11,350

on

Rate.

00
00
00
00
00
00
00

Rea l E sta te .

L oans

Amount.

Rate.

$400 00
600 00

5.00 per cent.
5.25
“
5.50
“
5.75
“
6.30
“
6.60
“
6.90
“

7.50 per cent.
7.80
“

on

Rate.

Amount.
$6,650
250
100
50
1,250
300
100

00
00
00
00
00
00
00

Sh a r k s .

5.00 per cent.
5.25
“
5.50
“
6.00
“
6.30
“
6.60
“
7.20
“

20

21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

$199
187
176
164
154
143
133
123
113
104
95
86
78
70
62
54
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

72
73
15
93
06
53
34
43
87
61
62
93
50
34
43
78
35
13
13
32
72
31
08
00

22
29
92
41
82
71
80
38
183
20
276
234
211
261
335
255
315
317
366
507
507
474
668
425

$4,393
5,444
16,205
6,762
12,632
10,190
10,667
4,690
20,838
2,092
26,391
20,341
16,563
18,358
20,914
13,968
14,915
12,721
12,125
13,344
9,998
6,308
4,729
425

Value.

T otal

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

Shares In
Force.

Series.

D ate op
I ssue.

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,
April, 1897,
Oct., 1897,
April, 1898,
Oct., 1898,
April, 1899,
Oct., 1899,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

Dues capital, as per gen84
eral ledger,.
17
Profits capital, as per
80
13
general ledger, .
92
Unpaid dues,
63
20
34
21
20
12
62
50
74
05
90
25
21
58
24 !
04 !
94
44
00

43,960 07
2,720 00

325 00
$285,348 07

Total,

Number of shares issued during the y e a r , ....................................... 1,258
Number of shares now in f o r c e , ........................................................... 5,809
Number of shares now borrowed upon, .
.
.
.
.
.
1,358
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the y e a r , ....................................... 798
Number of shares forfeited during the year...................................................... 87
Number of shares retired during the y e a r , ................................................. 415
Number of shares matured during the year.......................................................39
Highest rate of premium or interest received on money sold during the y ea r:
per cent.
Lowest rate o f premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2£ per cen t.; 2d term, 2£ per cent.


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

$238,668 00

$285,348 07

186

R E P O R T O F TH E

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-borrow ers,.................................................
Number of loans secured by first mortgage of real estate,

[Pub. D oc

. 155
. 767
. 142
. 625
. 136

.
35
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, 1899, .
Date o f examination by commissioner : March 30.


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

$5,000 00
50 00
2,279 29

No. 8.]

187

SAYINGS BANK COMMISSIONERS

P IT T S F IE L D C O -O P E R A T IV E B A N K — P IT T S F IE L D .
Incorporated Feb. 15,1889.

Commenced business March 5,1889.

F . W . H in s d a l e , President.

H o m e r B . N a s h , Secretary and Treasurer.

Names of security committee:
H . S. R u s s e l l ,
M i c h a e l Ca s e y ,
W il l ia m W . G a m w e l l .

Regular meetings the first Wednesday of each month.

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

31,1899.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Real estate, .
.
.
.
Cash in hands of treasurer,

$310,205
18,615
1,258
8,798
.

00
00
43
46

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

$282,661
50,805
591
2,014
1,453
1,350

.

00
75
01
99
87
27

$338,876 89

$338,876 89

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
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, 1898, .

$82,825
18,089
332
2
62,325
20,480
86
7,329

00
62
41
75
00
00
39
39

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
forfeited shares,
interest on retired shares,
real estate,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$100,025
17,431
52,868
9,458
1,466
904
423
95
8,798

00
00
00
19
30
82
37
42
46

$191,470 56

$191,470 56

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.

$6,800 00

on

L oans

R eal E sta te .

on

Sh ar e s.

Kate.

Amount.

Rate.

Amount.

Rate.

5.50 per cent.

$303,405 00

6.00 per cent.

$18,615 00

6.00 per cent.


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

188

REPORT OF THE

[Pub. Doc.

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$172
162
152
142
132
123
114
105
96
87
79
71
68
60
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

78
48
41
53
87
43
22
23
50
99
72
65
28
84
48
20
09
15
38
78
35
09

Total
Value.

M ar., 1889,
Sept., 1889,
M ar., 1890,
Sept., 1890,
M ar., 1891,
Sept., 1891,
Mar., 1892,
Sept., 1892,
M ar., 1893,
Sept., 1893,
M ar., 1894,
Sept., 1894,
N ov., 1894,
M ay, 1895,
N ov., 1895,
M ay, 1896,
N ov., 1896,
M ay, 1897,
N ov., 1897,
M ay, 1898,
N ov., 1898,
M ay, 1899,

Shares in
Force.

D a t e of
I ssue.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

108
80
114
111
153
161
176
203
215
169
153
98
114
322
300
310
376
430
636
707
1,031
951

$18,660
12,998
17,374
15,820
20,329
19,872
20,102
21,361
20,747
14,870
12,197
7,021
7,783
19,590
16,044
14,322
14,697
13,824
16,141
13.277
12,732
5,791

24
40
74
83
11
23
72
69
50
31
16
70
92
48
00
00
84
50
68
46
85
59

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

$282,661 00
50,805 75
3,130 00

1,034 00
$336,596 95

Total,

$336,596 95

Number of shares issued during the y e a r , ....................................... 2,178
Number o f shares now in f o r c e , ...........................................................6 918
Number of shares now borrowed u p o n ,................................................. 2,473
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,421
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate o f premium or interest received on money sold during the year :
5£ per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2 f per cent.
Number of members withdrawn during the year, .
155
Present number of m e m b e r s ,.................................................
930
Present number of borrowers....................................................
312
Present number of non-borrow ers,.......................................
618
Number of loans secured by first mortgage of real estate,
194
Number of loans on s h a r e s , .................................................
146
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 o f the corporation for the year ending Oct. 31, 1899 t
Date of examination by commissioner : October 2.


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

•

$5,000 00
20 00
1,466 30

No. 8.]

SAYINGS BANK COMMISSIONERS.

189

P L Y M O U T H C O -O P E R A T IV E B A N K — P L Y M O U T H .
Incorporated June 7, 1882.
C h a r l e s E . B a r n e s , President.

Commenced business June 20, 1882.
E l m e r E . A v e r t , Secretary and Treasurer.

Names of security committee:
P e l e g S. B u r g e s s ,
S eth W . P a t y ,
F rank H . L anm an.
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,
Temporary expense account,
Real estate by foreclosure, .
Suspense account, .
Unpaid dues, .
.
.
.
Cash in hands of treasurer, .

81,1899.

174,150
7,610
187
293
748
1,035
1,350
3,080

00
00
75
55
84
37
00
03

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,

$72,343
12,744
2,064
145
121
54
429
20
93
388

00
15
04
44
28
50
30
88
81
51
49
14

$88,405 54

$88,405 54

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

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,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
unpaid dues,
suspense account,
expense account, .
advance payments,
town note, .
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$16,627
4,112
323
186
1
5,100

00
25
12
44
00
00

700 00
4,010 00
89 65
88
320 00
165 25
2 75
1,333 05
3,000 00

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
dues capital matured, .
profits capital withdrawn,
profits capital forfeited,.
profits capital matured,
temporary expenses,
advance payments,
real estate by foreclosure,
town note,
Cash on hand Oct. 31, 1899,

$16,750
5,270
3,241
80
2,346
358
3
1,305
698
88
754
3,000
3,080

00
00
00
00
00
63
52
66
12
65
84
00
03

6 00
999 06
$36,976 45

$36,976 45

REPORT OF THE

190

[Pub. Doc.

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

Amount.
$55,050
12,350
3,450
1,900
350
850

on

Rate.

00
00
00
00
00
00

R eal E sta te .

L oans

Amount.

6.30 per cent.
6.6 0
“
6.90
“
7.20
“
7.50
»
7.80
“

Rate.

$200 00

on

Sh a k e s .

Amount.

9.00 per cent.

$6,350
720
240
110
70
120

00
00
00
00
00
00

Rate.
6.30 per cent.
6.60
“
6.90
»
7.80
“
8.40
«
8.70
«

1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

$181
170
159
149
138
129
119
110
101
92
83
75
67
59
51
44
37
30
23
17
11
5

68
52
68
13
96
06
44
11
04
25
71
42
34
52
95
61
48
58
88
39
10
00

Total
Value.

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

4
6
34
23
48
19
39
41
60
76
71
43
88
74
104
72
104
86
133
142
191
137

$726
1,023
5,429
3,429
6,670
2,452
4,658
4,514
6,062
7,011
5,943
3,243
5,925
4,404
5,402
3,211
3,897
2,629
3,176
2,469
2,120
685

T o t a l , .......................................

72
12
12
99
08
14
16
51
40
00
41
06
92
48
80
92
92
88
04
38
10
00

$85,087 15

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

Total,

Number of shares issued during the y e a r , ................................................. 368
Number of shares now in f o r c e , ...........................................................1,595
Number of shares now borrowed u p o n ,........................................................... 584
Largest number o f shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the y e a r , ........................................96
Number of shares forfeited during the year, .
.
.
.
.
.
4
Number of shares matured during the y e a r , ................................................. 21
Highest rate of premium or interest received on money sold during the y e a r:
10 cents premium.
Lowest rate of premium or interest received on money sold during the y e a r:
5 cents premium.
Rate of profits distributed : 1st term, 3J per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 19
Present number of m e m b e r s ,.................................................................................. 325
Present number of borrowers......................................................................................121
Present number of n o n -borrow ers,........................................................................ 204
Number of loans secured by first mortgage of real estate, .
.
. 149
Number of loans on s h a r e s , .................................................................................... 62
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 o f the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner: April 24.


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

$72,343 00
12,744 15

$85,087 15

$3,000 00

10 00
710 67

No. 8.]

SAVINGS BANK COMMISSIONERS.

191

P R O V ID E N T C O -O P E R A T IV E B A N K — C H E L S E A .
Incorporated Sept. 25, 1885.
T h o m a s M a r t i n , President.

Commenced business Sept. 28, 1885.
C. W

il l is

G o u l d , Secretary and Treasurer.

Names of security committee:
M il t o n R a t ,

John W . D o r r ,
H e n r y C. S t a r k e y .

Regular meetings the fourth Monday of each month.

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

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$427,375 00
14,450 00
Loans on shares, .
Real estate by foreclosure, .
28,485 04
1,200 00
Unpaid interest,
4,441 00
Mortgages.....................................
32,891 88
Cash in hands of treasurer, .

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

$508,842 92

$407,662
91,769
6,000
3,407
3

00
97
00
37
58

$508,842 92

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

R e c e ip t s.

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

From dues capital,
$107,800 00
interest,
26,876 39
premiums, .
3,076 79
fines....................................
1,018 18
transfer fees,
3 75
70,799 00
real estate loans repaid,
real estate loans elimi7,850 00
nated by foreclosure,
real estate loans eliminated by maturity of
1,250 00
shares,
12,550 00
share loans repaid,
withdrawal profits,
1,807 91
rents, .
.
.
.
775 77
real estate by foreclos1,361 36
ure, .
.
.
.
172 25
mortgages, .
31,262 11
Cash on hand Oct. 31, 1898, .


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

$266,603 51

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
dues capital matured, .
profits capital withdrawn,
profits capital retired, .
profits capital m atured,.
temporary expenses,
taxes and repairs, .
personal account, .
real estate by foreclosure,
mortgages,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$86,724
12,600
38,146
26,166
28,945
7,008
6,611
14,238
2,195
1,063
80
7,731
2,200
32,891

00
00
00
00
00
68
61
45
27
81
84
97
00
88

$266,603 51

192

[Pub. D oc.

R E P O R T O F TH E

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R eal E state.

on

Rate.

Amount.

Amount.

Rate.

Amount.

Rate

$10,850 00
298,325 00
75,450 00

6.30 per cent.
6.60
“
6.90
“

$37,800 00
3,350 00
1,600 00

7.20 per cent.
7.50
“
7.80
“

$100
13,100
150
1,100

00
00
00
00

Sh a k e s .

6.30 per cent.
6.60
«
6.90
“
7.20
“

1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

$198
185
173
162
150
139
129
115
106
96
87
79
70
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

35
84
75
09
83
95
46
98
29
89
85
11
65
47
57
92
55
43
53
85
38
10

Total
Value.

Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
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 ss u e .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

118
128
107
163
121
222
162
217
207
256
275
417
386
544
523
542
523
685
852
880
813
892

$23,405
23,787
18,591
26,420
18,250
31,068
20,972
25,167
22,002
24,803
24,158
32,988
27,270
33,983
28,540
25,430
20,684
22,214
21,751
16,588
10,064
5,441

30
52
25
67
43
90
52
66
03
84
75
87
90
68
11
64
65
55
56
00
94
20

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

$407,662 00
91,769 97
4,654 00

N

498 00
$504,085 97

Total,

$504,085 97

Number of shares issued during the year,
.
.
.
.
.
1,834
Number of shares now in f o r c e , ..................................................................... 9,033
Number of shares now borrowed upon...............................................................2,637
Largest number of shares held by any one member..................................... 25
Number of shares withdrawn during the year..................................................1,164
Number of shares retired during the year............................................................. 348
Number of shares matured during the y e a r , .....................................................215
Highest rate of premium or interest received on money sold during the y e a r:
20 cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 96
Present number of m e m b e r s ,............................................................................... 1,031
Present number of borrow ers,.................................................................................. 256
Present number o f non-borrow ers,.................................................
. 775
Number of loans secured by first mortgage of real estate,
.
.
. 263
Number of loans on s h a r e s , .................................................................................... 65
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, 1899,
.
2,195 27
Date of examination by commissioner : March 14.


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

No. 8 .]

193

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

Q U IN C Y C O -O P E R A T IV E B A N K — Q U IN C Y .

Incorporated April 17, 1889.
John F . W

elch,

President.

Commenced business M ay 7, 1889.

R

ic h a r d

D . C h a s e , Secretary and Treasurer.

Names of security committee:
George H . F ie l d ,
J o h n H . D in e g a n ,
A n d r e w M il n e .

Regular meetings the first Wednesday of each month.

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

31, 1899.

L ia b il it ie s .

A ssets.

$167,550 00
Loans on real estate,
7,925 00
Loans on shares, .
2,889 14
Real estate by foreclosure, .
1,643 51
Unpaid interest,
81 09
Unpaid premiums,
75 13
Unpaid fines, .
.
.
.
12,304 04
Cash in hands of treasurer, .

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

.

$153,963
36,620
678
1,205
4

00
36
00
55
00

$192,470 91

$192,470 91

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

D is b u k 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,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$37,481
10,197
476
268
2
26,800

00
42
50
21
50
00

2,500
3,732
349
1
95

00
00
92
37
09

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. 3 1 ,1 8 9 9 ,.

$38,952
7,063
9,180
91
9,194
1,399
5
2,890
695
95
281
2,984
12,304

00
00
00
00
00
77
46
98
60
09
29
23
04

95 09
3,137 36
$85,136 46

$85,136 46

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

No. 8 .]

195

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

R A N D O L P H C O -O P E R A T IV E B A N K — R A N D O L P H .
Incorporated Jan. 29, 1889.
F r a n k l in W . H a y d e n , President.

Commenced business Feb. 7, 1889.

P a t r ic k H . M cL a u g h l in , Secretary and
Treasurer.

Names of security committee :
H e n r y D odge,
H arvey W . Boyd,
F r a n k l in W . H a y d e n .

Regular meetings the first Thursday of each month.

B alance Sheet Oct.

L ia b il it ie s .

A ssets.

Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid premiums,
Unpaid fines................................
Insurance,
.
.
.
.
Mortgage,
.
.
.
.
Personal account, .
Cash in hands of treasurer, .

31, 1899.

$36,450
855
53
1,011
1
3
12
950
200
1,426

00
00
87
27
11
72
11
00
00
34

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

.

$33,960
4,921
46
21
718
1,287
7

00
56
64
68
71
22
61

$40,963 42

$40,963 42

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
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,
insurance, .
rent.....................................
real estate by foreclos­
ure, .
retired share account, .
Cash on hand Oct. 31, 1898, .


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

$12,173
2,361
125
160
7,250
1,500
72
14
73

00
15
76
16
25
00
00
09
75
00

674 00
13,826 17
4,038 52
$42,268 85

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
interest on retired shares,
repairs, water rates, etc.,
insurance,
taxes,
.
.
.
.
surplus, .
.
.
.
retired share account, .
Cash on hand Oct. 31, 1899,

$4,450
1,165
5,950
11,469
1,281
2,357
216
2
46
19
22
6
13,826
1,426

00
00
00
00
30
17
60
63
49
61
14
40
17
34

$42,268 85

196

[Pub. D oc.

R E P O R T O F TH E

Total Amount o f Loans at Specified Bates o f Interest.
L oans

Amount.

on

Rate.

$8,250 00
25,000 00
2,400 00

L oans

Real E sta te .

Amount.

6.00 per cent.
6.30
“
6.60
“

6.90 per cent.
7.20
“

$855 00

Sh a k e s .

Rate.

Amount.

Rate.

$200 00
600 00

on

6.00 per cent.

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$176
165
155
144
134
125
115
106
97
88
80
72
64
56
49
42
35
28
21
15
9
3

Dues paid in advance, .
Total,

53
60
03
84
71
03
63
48
70
97
60
46
56
90
45
22
21
41
79
35
09
00

Total
Value.

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

Shares in
Force.

D ate o r
I ss u e .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

13
5
7
12
4
11
14
28
2
10
10
3
68
58
74
54
84
121
105
56
169
108

$2,294
828
1.085
1,738
538
1,375
1,618
2,981
195
889
806
217
4,390
3,300
3,659
2,279
2,957
3,437
2,287
859
1,536
324

.

89
00
21
08
84
33
82
44
40
70
00
38
08
20
30
88
64
61
95
60
21
00

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

$33,960 00
4,921 56
756 00

36 00
$39,637 56

Total,

$39,637 56

N umber of shares issued during the y e a r , ................................................. 286
Number of shares now in force....................................................................1,016
Number of shares now borrowed u p o n ,........................................................... 257
Largest number of shares held by any one member......................................25
Number of shares withdrawn during the y e a r , ....................................... 138
Number of shares retired during the y e a r , ................................................. 156
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
6 per cent.
Rate of profits distributed: 1st term, 2 f per cent.; 2d term, 2| per cent.
Number of members withdrawn during the year............................................ 51
Present number o f m e m b e r s ,.................................................................................. 216
Present number of borrow ers,.................................................................................... 63
Present number of non-borrow ers,......................................................................... 153
Number of loans secured by first mortgage of real estate,
.
.
.
58
Number of loans on s h a r e s , .......................................................................................8
Largest loan to any one m e m b e r ,...............................................................................f 1,700 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, 1899, .
246 60
Date of examination by commissioner : March 14.


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

No. 8 .]

197

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

R E A D IN G - C O -O P E R A T IV E B A N K — R E A D IN G .
Incorporated N ov. 27, 1886.
W

en dell

Commenced business Dec. 6, 1886.
H a r r y P . B osson , Secretary.

B a n c r o f t , President.

E d g a r N . H u n t , Treasurer.

Names of security committee :
M oses E . N ic h o l s ,
M e r r ic k A . S t o n e ,
L e w is M . B a n c r o f t .

.Regular meetings the first Monday of each month.

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

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$233,704 00
Loans on shares, .
8,882 00
Real estate by foreclosure, .
16,280 05
Unpaid interest,
2,000 00
Insurance account,
12 25
Cash in hands of secretary, .
512 49
10,624 66
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Due on mortgage loans,

.

$272,015 45

$224,926
42,896
1,150
343
49
2,650

00
38
00
57
50
00

$272,015 45

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.

R e c e ip t s .

From dues capital,
Interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
incomplete real estate
loans,
insurance, .
rent,
.
.
.
.
real estate by fore­
closure,
security committee,
profits capital,
Cash on hand Oct. 31, 1898, .


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

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

$61,855
13,912
1,051
682
4
37,762

00
57
97
65
25
00

16,120
4,360
281
48
2

00
00
04
54
00

2,650 00
119 55
472 50
16,637
5
39
5,826

10
00
60
19

$161,829 96

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,
forfeited shares,
insurance,
real estate expense,
real estate by foreclosure,
security committee,
incomplete real estate
loans................................
interest on m a t u r e d
shares,
Cash on hand Oct. 31, 1899,

$65,105
6,232
29,912
1,084
14,046
2,785
4,916
249
5,705
1,265
987
2
86
1,144
16,354
27

00
00
00
00
00
00
50
01
03
60
79
00
50
31
62
85

750 00
39 60
11,137 15
$161,829 96

198

R E P O R T O F TH E

[Pub. D oc.

Total Amount o f Loans at Specified Rates o f Interest,
L oans

Amount.
$32,523
4,800
119,278
56,913
18,050

00
00
00
00
00

on

R eal E st a t e .

L oans

on

Sh ar e s.

Rate.

Amount.

Rate.

Amount.

Rate.

6.00 per cent.
6.25
“
6.30
“
6.60
“
6.90
“

$840
450
100
750

7.50 per cent.
7.80
“
8.10
“
8.70
“

$150
362
5,890
1,180
1,300

6.00 per cent.
6.25
“
6.30
“
6 60
“
6.90
“

00
00
00
00

00
00
00
00
00

4

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

$195 88
184 05
172 57
161 48
150 76
140 34
130 27
120 51
111 03
101 83
94 34
85 67
77 28
69 13
61 24
53 59
46 19
39 00
32 03
25 27
18 70
12 31
6 08

19
35
94
63
86
86
100
85
125
183
92
127
162
234
288
279
422
234
497
388
473
549
529

$3,721
6,441
16,221
10,173
12,965
12,069
13,027
10.243
13,878
18,634
8,679
10,880
12,519
16,176
17,637
14,951
19,492
9,126
15,918
9,804
8,845
6,758
3,216

Dues paid in advance, .
Total,

•

Value.

Total

1888, .
1888, .
1889,.
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

Shares in
Force.

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

Series.

Date of
Issue.

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

72
75
58
24
36
24
00
35
75
89
28
09
36
42
12
61
18
00
91
76
10
19
32

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

42,896 38
3,615 00

55 00
$271,437 38

Total,

Number o f shares issued during the y e a r , ........................................1,155
Number of shares now in f o r c e , ...........................................................5,150
Number of shares now borrowed u p o n ,................................................. 1,377
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 834
Number of shares forfeited during the year, .
.
.
.
.
.
68
Number of shares retired during the y e a r , ................................................. 110
Number of shares matured during the y e a r , ................................................. 20
Highest rate of premium or interest received on money sold during the y ea r:
7 2-10 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
6 per cent.
Rate of profits distributed: 1st term, 2^ per cent.; 2d term, 2£ per cent.


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

$224,926 00

$271,437 38

No. 8 .]

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

199

Number of members withdrawn during the y e a r , ........................................96
Present number o f m e m b e r s ,.................................................................................. 643
Present number of borrow ers,.................................................................................. 193
Present number of non-borrow ers,........................................................................ 450
Number of loans secured by first mortgage of real estate,
.
.
.166
Number of loans on s h a r e s , .................................................................................... 27
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 ,..............................................................................
20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
987 79
Date of examination by commissioner : September 26.


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

200

R E P O R T O F TH E

[Pub. D oc

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.
J o se p h G . T h o r p , President.

Commenced business July 16, 1889.

E dw ard W . W

h it e ,

Secretary and Treasurer.

Names of security committee:
G e o r g e H . St e a r n s ,
I sa a c M cL e a n ,
H erm an B ir d ,
W m . P. B row n,
R obert B u tte rw o rth .
Regular meetings the second Wednesday of each month.
B a l a n c e Sh e e t O c t.

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$254,886 00
Loans on shares, .
17,758 00
Permanent expense account,
361 14
Temporary expense account,
309 90
2,520 74
Real estate by foreclosure, .
Unpaid interest,
1,924 80
Unpaid premiums,
40 93
Unpaid fines.................................
228 42
Rent account,
46 50
Taxes paid, .
.
.
.
43 10
Cash in hands of treasurer, .
6,358 13

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

$284,477 66

$238,379
38,192
4,826
73
158
154
2,063
578
41
10

00
22
18
68
02
25
12
89
82
48
00

$284,477 66

Detailed Statement o f Receipts and Disbursements for the Year endina
Oct. 3 1 ,1 8 9 9 .

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,
rents, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

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

$70,476
14,239
229
442
1
43,710
8,625
297
8
374
42
223
12,524

00
57
83
45
50
00
00
83
85
65
50
00
35

$151,195 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,
permanent expenses,
forfeited shares,
security committee,
taxes and repairs on
foreclosed real estate,
taxes paid,
.
Cash on hand Oct. 31, 1899,

$82,531
16,853
26,523
351
9,938
4,065
34
2,392
1,145
196
586
67

00
00
00
00
00
30
05
96
48
00
00
50

111 01
43 10
6,358 13
$151,195 53

No. 8 .]

201

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$85,331
4,300
120,430
40,325

on

Rate.

00
00
00
00

R eal E state.

L oans

Amount.

5.00 per cent.
5.10
“
6.00
“
6.30
“

Rate.

$1,500 00
3,000 00

on

Amount.

6.60 per cent.
6.90
“

$9,190
450
7,828
290

00
00
00
00

Sh ak es.

Rate.
5.00 per cent.
5.10
“
6.00
“
6.30
“

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

$167
156
146
136
126
117
107
98
90
81
73
65
58
50
43
36
29
22
16
10
4

Dues paid in advance, .
Total,

56
87
51
47
69
18
94
99
31
87
68
74
04
58
34
27
41
80
36
10
00

Total
Value.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

Shares in
Force.

Series.

D a t e of
I ssu e.

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

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

116
87
60
101
86
101
148
64
115
223
158
411
316
361
313
420
420
675
407
917
766

$19,436
13,647
8,790
13,783
10,895
11,835
15.975
6,335
10,385
18,257
11,641
27,019
18,340
18,259
13,565
15,233
12,352
15,390
6,658
9,261
3,064

.

96
69
60
47
34
18
12
36
65
01
44
14
64
38
42
40
20
00
52
70
00

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

$238,379 00
38,192 22
3,830 00

273 00
$280,401 22

Total,

$280,401 22

Number of shares issued during the year................................................ 1,800
Number of shares now in f o r c e , ...........................................................6,265
Number of shares now borrowed u p o n ,................................................. 1,857
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 881
Number of shares forfeited during the y e a r , ................................................. 15
Number of shares retired during the y e a r , ................................................. 123
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2f per cent.; 2d term 2| per cent.
Number of members withdrawn during the y e a r , ....................................... 107
Present number of m e m b e r s ,.................................................................................. 731
Present number of borrow ers,..................................................................................163
Present number of non-borrow ers,........................................................................ 568
Number of loans secured by first mortgage o f real estate,
.
.
. 137
Number of loans on s h a r e s , .................................................................................... 94
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 ,..............................................................................
17 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
.
1,196 70
Date of examination by commissioner : January 16.


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

202

[Pub. D oc.

R E P O R T O F TH E

RO GER

CO NAN T C O -O P E R A T IV E B A N K — SALEM .

Incorporated N oy . 9, 1894.

Commenced business Nov. 13, 1894.

C h a r l e s B . B a l c o m b , President. R o b e r t B . B u c k h a m , Secretary and Treasurer.

Names of security committee:
J o h n M . F o st e r ,
W il l ia m D . N o r t h e n d ,
W il l i a m L e o n a r d ,
J o h n J. S h e e h a n ,
W m . F . M . C o l l in s

Regular meetings the second Tuesday of 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 fines, .
.
.
.
Cash in hands of treasurer, .

31, 1899.

$40,500
510
65
65
508
28
53
2,679

00
00
00
00
50
00
07
08

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

$38,921
4,819
287
371
9

00
54
68
43
00

$44,408 65

$44,408 65

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

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, 1898, .


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

$13,803
1,881
117
56
1
4,350
1,680
127
5
193

00
01
15
18
75
00
00
19
00
29

$22,214 57

For real estate loans,
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
forfeited shares, .
Cash on hand Oct. 31, 1899,

$14,000
445
4,416
422
247
5
2,679

00
00
00
10
39
00
08

$22,214 57

No. 8 .]

203

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

B eal E state.

Kate.

$39,150 00
650 00

6.30 per cent.
6.60
“

7.20 per cent.
8.10
“

$300 0 0
400 00

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

Amount.

on

$510 00

6.30 per cent.

.
.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8
9
10

$69
61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

93
97
24
74
46
39
52
85
38
10
.

Total
Value.

1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
Force.

Series.

D a te of
I ssu e.

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

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

294
48
45
69
85
79
159
133
142
181

$20,559
2,974
2,440
3,225
3,354
2,558
4,057
2,507
1,757
1,104

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

42
56
80
06
10
81
68
05
96
10

$38,921 00
4,819 54
919 00

120 00

Number of shares issued during the year,

Number o f shares now in force,
.
.
Number o f shares now borrowed upon, .

.

$44,659 54

Total,

$44,659 54

.

. 354
1,235
. 263
.
25
. 199

Largest number of shares held by any one member,
Number o f shares withdrawn during the year,
1
Number of shares forfeited during the year,
Highest rate of premium or interest received on money sold during the year:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y e a r:
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , .......................................
Present number o f m e m b e r s ,..............................................................................
Present number of borrowers,..............................................................................
Present number of non-borrow ers,.....................................................................
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 ,.....................................................................
Smallest loan to any one member.........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1899
Date of examination by commissioner : March 21.


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

29
208
44
164
46
5
$3,000 00
10 00
257 39

204

R E P O R T O F TH E

[Pub. D oc

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

Incorporated March 7, 1898.
I s a ia h B . H a m b l e n , President.

Commenced business April 20, 1898.

G e o r g e W . P. B a b b , Secretary and Treasurer.

Names of security committee:
A r t h u r M cA r t h u r ,
I s a ia h B . H a m b l e n ,
A b r a m P. H o d g d o n .

Regular meetings the third Wednesday in each month.

Ba 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 fines, .
.
.
.
Cash in hands of treasurer, .

31,1899.

L ia b il it ie s .

$5,000
300
165
9
2,570

00
00
00
68
75

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

$8,045 43

$7,823
163
48
3
1
4

00
50
59
78
89
67

$8,045 43

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s.

From dues capital,
interest,
fines, .
.
.
.
transfer fees,
Cash on hand Oct. 31, 1898, .


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

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

$6,153 00
222 14
23 93
50
1,794 29

$8,193 86

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1899,

$4,400
300
857
6
23
36
2,570

00
00
00
65
36
10
75

$8,193 86

No. 8 .]

205

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

L oans

R eal E state.

Rate.

Amount.

Rate.

5.00 per cent.

-

-

Amount.

$5,000 00

on

on

Sh a r e s .

Rate.

Amount.

$300 00

5.00 per cent.

.
.
.
.

1
2
3
4

$19
13
7
1

Dues paid in advance, .
Total,

45
21
06
00

Total
Value.

1898,
1898,
1899,
1899,

Shares in
Force.

Series.

D ate of
I ssue.

April,
Oct.,
April,
Oct.,

Value per
Share.

Reconciliation of Share Account with Dues and Profits Capital.

287
131
114
68

$5,582
1,730
804
68

15
51
84
00

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

$7,823 00
163 50
210 00

11 00
$8,196 50

Total,

$8,196 50

Number of shares issued during the y e a r , ................................................. 271
Number of shares now in f o r c e , .................................................................... 600
Number of shares now borrowed u p o n ,........................................................... 92
.
.
.
.
25
Largest number of shares held by any one member,
Number of shares withdrawn during the y e a r , ....................................... 90
Highest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2£ per cent.; 2d term, 1J per cent.
Number o f members withdrawn during the y e a r , ....................................... 18
Present number of m e m b e r s ,...................................................................................128
Present number of borrow ers,...................................................................................... 9
Present number of non-borrowers, ......................................................................... 119
Number of loans secured by first mortgage of real estate,
.
.
.
6
Number of loans on s h a r e s , ...................................................................................... 3
Largest loan to any one m e m b e r ,.............................................................................. $1,800 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, 1899, .
35 84
Date of examination by commissioner : October 23.


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

206

R E P O R T O F TH E

R O X B U R Y C O -O P E R A TIV E B A N K -

[Pub. D oc

(R O X B U R Y D IS­

TR ICT) BOSTON.

Incorporated Oct. 3, 1889.
J o se p h E n g e l , President.

Commenced business Nov. 1, 1889.
T h o m a s J. S p r o u l , Secretary and Treasurer.

Names of security committee:
R o b e r t A . W a t so n ,
Jam es W . Colgan,

F r e d e r ic k B l e il e r ,
A mos M . L e o n a r d .

Regular meetings the first business day of each month.

Balance Sheet Oct.

A ssets.

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

31, 1899.

L ia b il it ie s .

$203,500
10,575
331
1
23
.
9,990

00
00
33
60
35
23

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

$224,421 51

$190,193
30,291
2,100
1,836

00
67
00
84

$224,421 51

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

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,
Cash on hand Oct. 31,1898, .


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

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

$63,607
11,880
17
239
1
68,550
8,225
556
168
95

00
68
90
75
25
00
00
56
00
45

$153,341 59

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, 1899,

$88,525
11,430
36,236
1,178
4,517
206
1,241
17
9,990

00
00
00
00
62
04
50
20
23

$153,341 59

No. 8 .]

207

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

Total Amount o f Loans at Specified, Rates o f Interest.
L oans

on

L oans

R eal E sta te .

on

Sh a r e s.

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$128,600 00
13,000 00

5.00 per cent.
5.50
“

$61,900 00

6.00 per cent.

$10,575 00

6.25 per cent.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1891,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

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
113
103
95
86
77
69
61
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

•

62
25
60
42
122
68
63
90
57
262
260
304
263
372
296
404
512
589
742
609

44
76
41
36
60
15
95
03
37
96
77
82
11
63
37
32
46
81
36
09

Total
Value.

Shares in
Force.

Series.

D a te op
I ssu e.

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,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$10,133
3,819
8,544
5,559
14.957
7,694
6,548
8,552
4,923
20,425
18,140
18,793
14,230
17,346
11,653
13,057
13,035
11,079
9,171
3,708

28
00
60
12
20
20
85
70
09
52
20
28
93
36
52
28
52
09
12
81

.

131 00

•

$221,504 67

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

Total,

$190,193 00
30,291 67
1,020 00

$221,504 67

Number of shares issued during the year.......................................................... 1,563
Number of shares now in f o r c e , ..................................................................... 5,202
Number of shares now borrowed u p o n ,............................................................1,295
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,203
Number of shares retired during the y e a r , .......................................................17
Highest rate of premium or interest received on money sold during the y e a r:
6| per cent.
Lowest rate of premium or interest received on money sold during the year:
5 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 2§ per cent.
Number of members withdrawn during the y e a r ,....................................... 125
Present number of m e m b e r s ,.................................................................................. 525
Present number of borrow ers,.................................................................................. 110
Present number of non-borrowers,........................................................................ 415
Number of loans secured by first mortgage of real estate,
.
.
.
78
Number of loans on s h a r e s , .................................................................................... 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 ,..............................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
1,073 50
Date of examination by commissioner : March 9.


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Federal Reserve Bank of St. Louis

208

R E P O R T OF TH E

[Pub. D oc.

SALEM C O -O P E R A TIV E B A N K -S A L E M .
Incorporated April 7, 1888.

Commenced business April 13, 1888.

E . A ugustus M a c k i n t i r e , President.
A l b e r t C. M a c k i n t i r e , Secretary and
Treasurer.
Names of security committee:
G eorg e W . P ic k e r in g ,
F r a n c is A . N e w e l l ,
E . A u g u stu s M a c k i n t i r e .
Regular meetings the second Friday of each month.
B a la n c e Sh e e t O ct.

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$265,575 00
6,380 00
Loans on shares, .
Temporary expense account,
61 00
13,351 57
Real estate by foreclosure, .
Unpaid interest,
2,833 09
192 70
Unpaid premiums,
Unpaid fines, .
.
.
.
279 68
Cash in hands of treasurer, .
4,451 94

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

$293,127 98

$230,998
47,912
1,510
107
59
16
3,451
9,041
30

00
71
38
00
19
25
78
29
98
40

$293,127 98

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

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines....................................
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
rents...................................
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

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

$67,743
17,231
1,131
455
1
30,950

00
72
10
32
75
00

7,950 00

3,700
4,010
143
1
1,456
199

00
00
83
20
71
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,
forfeited shares,
.
real estate by foreclosure,
personal account, .
Cash on hand Oct. 31, 1899,

$33,475
5,860
31,475
1,549
28,250
13,038
5,929
329
5,124
5,734
1,537
1,267
9,420
48
4,451

00
00
00
00
00
00
97
85
03
94
38
74
17
43
94

1,702 27
10,814 89
$147,491 45

$147,491 45

No. 8 .]

209

SA V IN G S B A N K C O M M IS S IO N E D .

Total Amount o f Loans at Specified Rates oj Interest.
L oans

on

L oans

R eal E state.

on

Amount.

Amount.

Rate.

Amount.

Rate.

$221,900 00
17,525 00
12,800 00

6.30 per cent.
6 .6 0
“
6.90
“

$10,500 00
2,500 00
350 00

7 .2 0 per cent.
7 .5 0
«
7.80
“

$6,180 00
200 00

Sh a k e s .

Rate.
6 .3 0 per cent.
6 .60
“

$188
176
165
154
144
134
124
114
105
96
87
79
71
63
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

23
79
78
89
42
25
38
81
51
48
71
25
04
06
31
79
50
42
53
85
38
10
00

Total
Value.

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Shares in
Force.

Oct , 1888, .
April, 1889,.
Oct., 1889, .
April, 1890, .
Oct., 1890, .
April, 1891, .
Oct., 1891, .
April, 1892, .
Oct., 1892, .
April, 1893, .
Oct., 1893, .
A p ril, 1894, .
Oct., 1894, .
April, 1895, .
Oct., 1895, .
April, 1896, .
Oct., 1896, .
April, 1897, .
Oct., 1897, .
April, 1898,.
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D ate of
I ss u e .

Series.

Reconciliation of Share Account with Dues and Profits Capital.

98
77
81
85
103
113
148
92
110
88
140
133
160
290
258
325
329
441
500
434
495
740
320

$18,446
13,612
13,428
13,165
14,875
15,170
18,408
10,562
11,606
8,490
12,279
10,540
11,366
18,287
14,269
15,531
13,324
14,738
13,265
8,614
6,623
5,254
320

54
83
18
65
26
25
24
52
10
24
40
25
40
40
98
75
50
22
00
90
10
00
00

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

$230,998 00
47,912 71
3,518 00

248 00
$282,428 71

Total,

$282,428 71

Number of shares issued during the y e a r , ........................................1,171
Number of shares now in force.................................................................... 5,560
Number of shares now borrowed u p o n ,................................................. 1,517
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the y e a r , ........................................698
Number of shares forfeited during the y e a r , ................................................. 66
Number of shares retired during the y e a r , ................................................. 440
Number of shares matured during the y e a r , ................................................. 94
Highest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r ,........................................115
Present number of m e m b e r s ,................................................................................... 880
Present number of borrowers......................................................................................223
Present number o f non-borrowers............................................................................ 657
Number of loans secured by first mortgage of real estate,
.
.
. 252
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 m e m b e r ,...............................................................................
15 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
1,537 38
Date of examination by commissioner : January 20.


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

210

[Pub. D oc

R E P O R T O F TH E

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.

Commenced business Dec. 15, 1885.

E d w a r d B . H o w l a n d , President.

W . H . H e a l d , Secretary and Treasurer.

Names of security committee :
L . S. N y e ,

J o h n M cCa n n ,
E . S. T a l b o t .

Regular meetings the third Tuesday of each month.

B a la n c e Sh eet O ct.

L ia b il it ie s .

A ssets.

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

31, 1899.

$15,850
525
143
735
263
17
1,780

00
00
88
70
26
20
09

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

$16,169
2,142
464
50
4
74
304
104

00
73
44
92
45
82
77
00

$19,315 13

$19,315 13
-

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.

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,
rent,
.
.
.
.
Cash on hand Oct. 31,1898, .


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

$5,771 00
842 50
100 82
25
800 00
425 00
23 24
119 00
1,994 72
$10,076 53

For real estate loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
interest on retired shares,
taxes,
.
.
.
.
Cash on hand Oct. 31, 1899,

$2,900
2,523
1,473
93
1,007
226
39
33
1,780

00
00
00
13
80
86
63
02
09

$10,076 53

No. 8.]

211

SAYINGS BANK COMMISSIONERS

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$5,800
1,300
700
1,350
600
200
1,000
1,500
200
50

on

Amount.

Kate.
5 per cent.
5i
“
5Ä
“
5|
«
6
“
6 1-16 “
6k
6i
6k
“
6|
“

00
00
00
00
00
00
00
00
00
00

L oans

R eal E state.

$700
100
850
250
50
100
450
500
100
50

Kate.

00
00
00
00
00
00
00
00
00
00

6| per cent.
61
“
7
“

n
7i
7¿

7|
8
8è
85

“
“
“
“

on

Sh a k e s .

Rate.

Amount.
$275
50
50
50
100

00
00
00
00
00

5 per cent.
5Ì
“
5&
“
6
“

6¿

“

«

“

1887,
18S7,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

4
5
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

$199
189
169
159
150
140
131
122
113
105
97
88
80
73
65
58
50
43
36
30
23
18
12
6

Dues paid in advance, .
Total,

•

94
59
36
57
05
74
63
74
99
42
04
86
87
09
51
07
85
80
91
21
66
33
08
00

Total
Value.

June,
Dec.,
Dec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
M ay,
N ov.,
M ay,

Shares In
Force.

D a t e oe
I ssue.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

1
1
12
6
4
1
3
3
7
9
7
6
11
9
22
16
12
32
23
16
12
25
191
84

$199
189
2,032
957
600
140
394
368
797
948
679
533
889
657
1,441
929
610
1,401
848
483
283
458
2,307
504

94
59
32
42
20
74
89
22
93
78
28
16
57
81
22
12
20
60
93
36
92
25
28
00

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

2,142 73
371 00

25 00
$18,682 73

Total,

Number of shares issued during the y e a r , ................................................. 288
Number of shares now in f o r c e , .....................................................................513
Number of shares now borrowed u p o n ,........................................................... 103
Largest number of shares held by any one member,
.
.
.
.
20
Number of shares withdrawn during the y e a r , ........................................47
Number of shares retired during the y e a r , ................................................. 20


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

$16,169 00

$18,682 73

212

R E P O R T O F TH E

[Pub. Doc.

Highest rate of premium or interest received on money sold during the year:
7| per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 2£ per cent.; 2d term, 2J per cent.
Number of members withdrawn during the y e a r , ....................................... 10
Present number of m e m b e r s ,...................................................................................154
Present number of borrowers,.................................................................................... 48
Present number of non-borrowers,
^
. 106
Number of loans secured by first mortgage of real estate,
.
.
.
49
Number of loans on s h a r e s , ...................................................................................... 8
Largest loan to any one m e m b e r ,.............................................................................. $1,200 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. 31,1899, .
226 86
Date of examination by commissioner : July 17.


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

No. 8.]

213

SAYINGS BANK COMMISSIONERS

S E C U R IT Y C O -O P E R A T IV E B A N K — B R O C K T O N .
Incorporated Dec. 17, 1877.

Commenced business Dec. 20, 1877.

B r a d f o r d E . J o n e s , President.
H e n r y C. G u r n e y , Secretary.
F r e d B . H o w a r d , Treasurer.
Names of security committee:
L o r e n zo F . S e v e r a n c e ,
W il l ia m H . Sa v a g e ,
T h a d d e u s E . G if f o r d .
Regular meetings the third Thursday of each month.
B alance Sheet Oct.

31, 1899.

L ia b il it ie s .

A sse ts.

$165,775 00
Loans on real estate,
4,680 00
Loans on shares, .
116 75
Permanent expense account, .
438 54
Temporary expense account,
9,944 63
Real estate by foreclosure,
1,491 39
Unpaid interest,
165 20
Unpaid premiums,
111 16
Unpaid fines, .
.
.
.
163 65
Cash in hands of secretary, .
15,225 36
Cash in hands of treasurer, .

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

$173,382
17,414
4,281
453
130
319
1,504
598
26

OO
75
20
65
23
75
98
50
11
51

$198,111 68

$198,111 68

Detailed Statement of Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
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,
real estate loans eliminatcd by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,.
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$67,501
10,970
1.145
285
3
32,105

00
68
70
38
25
00

2,000 00
6,900
7,065
638
19

00
00
62
00

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,
interest on retired shares,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$30,800
5,600
18,543
300
41,940
5,483
2,499
76
6,912
2,186
1,477
16
346
2,490
15,389

00
00
00
00
00
00
93
30
94
35
24
75
96
68
01

3,268 27
2,160 26
$134,062 16

$134,062 16

214

[Pub. Doc,

R E P O R T O F TH E

Total Amount o f Loans at Specified Bates o f Interest.
L oans

on

Amount.

Rate.

$164,225 00
1,400 00

6.60 per cent.
6.90
“

L oans

Real E sta te .

Amount.

7.20 per cent.

$4,680 00

Sh ak es.

Rate.

Amount.

Rate.

$150 00

on

6.60 per cent.

1888,
1889,
1890,
1891,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

$180
158
137
117
99
90
82
74
66
58
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

23
03
24
77
51
81
39
25
33
70
27
07
08
29
71
31
08
00

Total
Value.

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

Shares in
Force.

D a te of
I ssu e.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

30
37
28
54
46
25
27
35
511
224
579
277
554
256
863
579
769
678

$5.406
5,847
3,842
6,359
4,577
2,270
2,224
2,598
33,894
13,148
29,685
12,207
20,542
7,754
20,461
10,022
8,520
3,390

90
11
72
58
46
25
53
75
63
80
33
39
32
24
73
49
52
00

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

$173,382 00
17,414 75
2,061 00

103 00
$192,857 75

Total,

$192,857 75

Number of shares issued during the y e a r , ........................................1,513
Number of shares now in f o r c e , ........................................................... 5,572
Number of shares now borrowed u p o n ,................................................. 1,155
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 674
Number of shares forfeited during the y e a r , ................................................. 10
Number of shares retired during the y e a r , ................................................. 640
Number of shares matured during the y e a r , ................................................. 35
Highest rate of premium or interest received on money sold during the y ea r:
lo cents premium.
Lowest rate o f premium or interest received on money sold during the y ea r:
10 cents premium.
Rate of profits distributed : 1st term, 2£ per cent.; 2d term, 2£ per cent.
Number of members withdrawn during the year, .
.
.
.
.
113
Present number of m e m b e r s ,...................................................................................713
Present number of borrowers,...................................................................................170
Present number of non-borrowers,.........................................................................543
Number of loans secured by first mortgage of real estate,
.
.
. 192
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, 1899, .
1,502 24
Date of examination by commissioner : March 10.


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

No. 8.]

SAVINGS BANK COMMISSIONERS.

215

S O M E R V IL L E C O -O P E R A T IV E B A N K — S O M E R V IL L E .
Incorporated M ay 4, 1880.

J.

F rank. W

e l l in g t o n ,

President.

Commenced business June 7, 1880.
F r a n k l in
Treasurer.

J.

H a m b l i n , Secretary and

Names of security committee :
B e n j a m in F . T h o m p s o n ,
N athan H . R
M ar sh all H . Locke.

eed,

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, 1899.

L ia b il it ie s .

Loans on real estate,
$522,459 58
Loans on shares, .
27,600 00
Permanent expense account,
600 00
Temporary expense account,
110 60
Real estate by foreclosure, .
9,834 13
United States bonds,
20,000 00
Bond premium account,
1,620 00
Cash in hands of treasurer, .
18,999 45

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

$601,223 76

$504,977
86,453
2,651
17
116
89
3,400
3,373
145

00
32
72
11
16
43
00
86
16

$601,223 76

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

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

From dues capital,
$140,538 00
interest,
30,318 12
premiums, .
287 30
fines, .
.
.
.
1,291 71
transfer fees,
1 75
real estate loans repaid,
113,205 19
real estate loans elimi9,144 88
nated by foreclosure,
real estate loans eliminated by maturity of
shares,
8,500 00
share loans repaid,
14,750 00
withdrawal profits,
773 08
11 26
forfeiture profits,.
738 79
forfeited shares, .
bond premiums, .
330 00
9 00
insurance, .
Cash on hand Oct. 31, 1898, .
19,561 81


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

$339,460 89

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 m atured,.
temporary expenses,
forfeited shares,
interest on retired shares,
security committee,
finance committee,
real estate by foreclosure,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$104,609
20,900
77,413
845
63,204
6,069
12,247
130
18,531
2,636
1,930
738
1,031
235
105
9,834
18,999

58
00
00
00
00
00
56
24
29
74
10
79
51
00
50
13
45

$339,460 89

[Pub. Doc,

REPORT OF THE

216

Total Amount o f Loans at Specified Bates o f Interest.
Loans

on

L oans

R eal E state.

Amount.

Rate.

Amount.

Rate.

$315,159 58
64,250 00
69,200 00

5.00 per cent.
5.25
“
5.50
“

$3,550 00
68,700 00
1,600 00

5.75 per cent.
6.30
»
6.60
“

on

Sh a k e s .

Amount.
$23,200
1,100
1,550
600
1,150

00
00
00
00
00

Rate.
5.00 per cent.
5.25
“
5.50
»
6.00
“
6.30
«

$196
184
173
162
151
141
131
121
112
103
94
86
77
69
61
54
47
39
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

•

54
82
43
48
83
56
59
87
49
42
59
06
79
75
93
38
05
92
00
27
72
33
09
00

Total
Value.

17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40

Shares in
Force.

April, 1888, .
Oct., 1888, .
April, 1889, .
Oct., 1889, .
Aprii, 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, .
April, 1897,.
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D a te of
I ss u e .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

66
68
108
69
114
111
141
214
512
292
367
374
491
525
660
758
639
663
998
637
1,152
881
1,213
558

$12,971
12,567
18,730
11,211
17,308
15,713
18,554
26,080
57,594
30,198
34,714
32,186
38,194
36,618
40,873
41,220
30,064
26,466
32,934
16,733
22,717
11,743
8,600
558

64
76
44
12
62
16
19
18
88
64
53
44
89
75
80
04
95
96
00
99
44
73
17
00

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

86,453 32
3,630 00

502 00
• $595,060 32

Total,

Number of shares issued during the y e a r , ........................................1,947
Number of shares now in f o r c e , ........................................................... 11,611
Number of shares now borrowed u p o n ,................................................. 3,315
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year........................................1,985
Number of shares forfeited during the y e a r , ..................................................43
Number of shares retired during the y e a r , ................................................. 582
Number of shares matured during the y e a r , ................................................. 43
Highest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
5 per cent.
Rate of profits distributed : 1st term, 2^ per cent.; 2d term, 2^ per cent.


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

$504,977 00

$595,060 32

No. 8.]

SAVINGS BANK COMMISSIONERS.

Number of members withdrawn during the year,

.

.

.

.

Present number of members, ....................................................................
Present number of borrow ers,....................................................................
Present number of n o n -borrow ers,...........................................................
Number of loans secured by first mortgage of real estate,

. 241
1,341
. 407
. 934
. 284

. 123
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, 1899,
Date of examination by commissioner : February 9.


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

217

$5,000 00
50 00
2,030 10

318

SOU TH

[Pub. Doc

REPORT OF THE

F R A M IN G H A M C O -O P E R A T IV E
F R A M IN G H A M .
Incorporated April 16, 1889.

A l f r e d M . E a m e s , President.

B AN K — SOUTH

Commenced business M ay 6, 1889.

H a r r i e L . D a v e n p o r t , Secretary and Treasurer.

Names of security committee :
J o sh u a S m i t h ,
Sam uel 0 . St a p l e s,
E l e a z e r G o u l d in g .

Regular meetings the first Monday of each month.

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

A ssets.

31, 1899.
L ia b il it ie s .

Loans on real estate,
$166,885 00
9,035 00
Loans on shares, .
200 00
Permanent expense account,
3,500 00
Real estate by foreclosure, .
Unpaid interest,
233 43
23 44
Unpaid fines.................................
964 68
Personal account, .
1,000 00
Mortgage,
.
.
.
.
Cash in hands o f treasurer, .
1,174 32

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

$183,015 87

$153,416
25,771
21
1,550
1,991
106
159

00
54
16
05
19
77
16

$183,015 87

Detailed Statement o f Receipts and Disbursements for the Year ending
Oct. 3 1 ,1 8 9 9 .
R e c e ip t s .

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
forfeited shares, .
temporary expense,
rent,
.
.
.
.
retired share account, .
mortgage, .
real estate by foreclos­
ure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

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

$53,494
9,769
142
323
26,235
3,859
63
100
328
10,879
200

00
88
46
47
00
00
88
00
43
84
00

14 65
3,907 05
$109,317 66

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,
retired share account, .
real estate bv foreclosure,
Cash on hand Oct. 31, 1899,

$48,050
9,310
23,144
56
8,106
3,825
9
2,687
1,236
71
86
10,879
680
1,174

00
00
00
00
00
38
56
10
37
78
80
84
51
32

$109,317 66

No. 8.]

SAYINGS BANK COMMISSIONERS.

219

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$9,500
102,385
33,530
11,120
4,150

00
00
00
00
00

on

Rate.

R eal E state.

L oans

Amount.

5 per cent.
6
«
6|
“
6i
“
6|
“

$3,200
1,500
500
500
500

Rate.

00
00
00
00
00

on

Sh a k e s .

Amount.

6à per cent.
6|
“
6|
“
7f
“
7|
“

$5,900 00
3,060 00
75 00

Rate.
5 per cent.
6
6§
“

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

$173
162
151
141
131
121
112
103
94
85
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

29
37
78
49
52
82
40
26
39
78
42
30
42
77
34
12
11
32
72
31
08

Total
Value.

1889, .
1889, .
1890, .
1890,.
1891,.
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898,.
1899, .

Shares in
Force.

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

Series.

Da te op
I ssue.

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

64
60
92
47
45
75
30
52
100
111
63
63
98
186
260
214
347
560
490
864
652

$11,090
9,742
13,963
6,650
5,918
9,136
3,372
5,369
9,439
9,521
4,877
4,365
6,019
10,001
12,048
8,371
11,142
14,179
9,172
10,635
3,964

56
20
76
03
40
50
00
52
00
58
46
90
16
22
40
68
17
20
80
84
16

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

25,771 54
468 00

674 00
$179,655 54

Total,

$179,655 54

Number of shares issued during the y e a r , ....................................... 1,598
Number of shares now in f o r c e , ...........................................................4,473
Number of shares now borrowed u p o n ,................................................. 1,131
Largest number of shares held by any one member..................................... 25
Number of shares withdrawn during the y e a r , ........................................742
Number o f shares forfeited during the y e a r ,................................................. 4
Number o f shares retired during the y e a r , ................................................. 70
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2J per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, .
97
Present number of m e m b e r s ,.................................................
617
160
Present number of borrow ers,.................................................
Present number of n on-borrow ers,.......................................
457
Number of loans secured by first mortgage of real estate,
151
Number of loans on s h a r e s , .................................................
35
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, 1899,
Date of examination by commissioner : February 3.


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

$153,416 00

, .

$5,000 00
15 00
1,186 37

220

[Pub. D oc

R E P O E T O F TH E

S O U T H S H O R E 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.
J o e l F . S h e p p a r d , President.

Commenced business May 5, 1890.

C h a r l e s G . S h e p p a r d , Secretary and Treasurer.

Names o f security committee :
G eo rg e H . B ic k n e l l ,
J oel F . S h e p p a r d ,
D a v id J. P i e r c e .

Regular meetings the first Monday of each month.

Balance Sheet Oct. 31, 1899.

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, .

L ia b il it ie s .

$70,650
2,650
56
1,560
153
9
24
4,413

00
00
06
15
50
55
29
79

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

.

$79,517 34

$64,693
13,538
267
933
4
81

00
72
00
44
00
18

$79,517 34

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 31, 1899.

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
taxes, .
.
.
.
rents...................................
security committee,
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

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

$16,551
4,478
181
120
1
6,350

00
00
20
63
25
00

3,700
2,050
319
1
4
59
31
30

00
00
30
90
93
98
00
00

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,
taxes,
.
.
.
.
rents.....................................
security committee,
real estate by foreclosure,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$12,700
2,500
7,927
161
3,192
1,275
7
1,013
410
50
10
59
8
78
3,798
4,413

00
00
00
00
00
42
32
85
30
65
05
98
30
00
97
79

2,320 00
1,407 44
$37,606 63

$37,606 63

No. 8 .]

221

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R eal E st a te .

on

Amount.

Amount.

Rate.

Amount.

Rate.

$32,000 00
31,450 00
5,300 00

6.00 per cent.
6.30
“
6.60
“

$1,300 00
600 00

6.90 per cent.
7.20
“

$1,750 00
900 00

Sh a k e s .

Rate.
6.00 per cent.
6.30
“

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

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

$154
143
133
123
113
104
95
86
78
69
61
54
46
39
32
25
18
12
6

27
75
51
52
88
53
46
67
18
94
97
24
74
46
39
52
85
38
10

Total
Value.

1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
Force.

Series.

D a te 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,
N ov.,
M ay,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

86
37
45
23
42
47
24
47
63
49
87
76
94
52
100
132
93
128
106

$13,267
5,318
6,007
2,840
4,782
4,912
2,291
4,073
4,925
3,427
5,391
4,122
4,393
2,051
3,239
3,368
1,753
1,584
646

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

$64,693 00
13,538 72
291 00

124 00

Dues paid in advance, .
Total,

22
75
95
96
96
91
04
49
34
06
39
24
56
92
00
64
05
64
60

•

•

$78,522 72

Total,

$78,522 72

Number of shares issued during the y e a r , ................................................. 270
Number of shares now in f o r c e , ........................................................... 1,331
Number of shares now borrowed upon.............................................................. 434
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 235
Number of shares forfeited during the y e a r , ................................................. 20
Number of shares retired during the y e a r , ................................................. 30
Highest rate of premium or interest received on money sold during the y e a r:
6 per cent.
Lowest rate of premium or interest received on money sold during the year:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ........................................35
Present number o f members....................................................................................... 212
Present number of borrow ers,.................................................................................... 63
■ Present number of non-borrow ers,........................................................................ 149
Number of loans secured by first mortgage of real estate,
.
.
.
58
Number of loans on s h a r e s , ..................................................................................... 16
Largest loan to any one m e m b e r , .............................................................................. $4,600 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, 1899, .
460 30
Date of examination by commissioner : March 28.


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

222

REPORT OF THE

[Pub. D oc

S O U T H W E Y M O U T H C O -O P E R A T IV E B A N K — S O U T H
W EYM OUTH.
Incorporated Feb. 28, 1889.

Commenced business March 9, 1889.

A . F e n to n B u l l o c k , President.
F rank H. R
E l l is J. P it c h e r , Treasurer.

ic h a r d s ,

Secretary.

Names of security committee:
Louis A . C o o k ,
Charles H . Cla pp,
Ja m e s F . F r a w l e y ,
F r a n c is F . B u l l o c k ,
J o h n H . S t e t so n .

Regular meetings the second Saturday 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 fines, .
.
.
.
T a x e s , .......................................
Cash in hands of treasurer, .

31, 1899.

L ia b il it ie s .

$79,800
4,975
13
12
98
1,402

00
00
52
30
20
76

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

$85,801 78

$68,447
15,919
434
7
36
623
282
50

00
02
67
75
25
78
83
18
30

$85,801 78

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
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, .
personal account,
security committee,
Cash on hand Oct. 31, 1898, .


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

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

$17,625
4,800
159
91
2
10,450
1,600
195
19
232
350
2
2,320

00
49
73
53
75
00
00
05
28
71
00
00
76

$37,849 30

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, .
taxes....................................
personal account, .
security committee,
Cash on hand Oct. 31, 1899,

$20,325
3,700
4,643
237
4,168
778
77
1,631
254
182
98
350
2
1,402

00
00
00
00
00
70
17
05
01
41
20
00
00
76

$37,849 30

No. 8 .]

SA V IN G S B A N K C O M M ISSIONEKS.

223

Total Amount o f Loans at Specified Bates o f Interest.
L oans

on

A m ou n t.

K ate.

$58,575 00
10,175 00
2,525 00

6.00 per cent.
6.30
“
6.60
“

Real E sta te .

L oans

A m ou n t.

K ate.

$4,250 00
2,450 00
1,325 00

on

A m ount.

6.90 per cent.
7.20
“
7.50
“

$4,525 00
250 00
200 00

Sh a k e s .

R ate.

6.00 per cent.
6.30
“
6.60
“

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

1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .
1899,.

1

2
3
4
5
6

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

$179
168
157
146
136
126
116
107
98
89
80
72
64
56
49
41
34
27
20
14
8
2

04
12
17
65
33
39
76
36
24
38
86
56
49
68
09
72
56
64
93
42
11
00

Dues paid in advance, .
Total,

•

•

68
34
65
22
34
15
37
53
59
4
35
39
37
47
70
26
121
130
131
150
328
165

.
•

Value.

T otal

Shares in
Force.

Series.

D ate of
I ssue.

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$12,174
5,716
10,216
3,226
4,635
1,895
4,320
5,690
5,796
357
2,830
2,829
2,386
2,663
3,436
1,084
4,181
3,593
2,741
2,163
2,660
330

72
08
05
30
22
85
12
08
16
52
10
84
13
96
30
72
76
20
83
00
08
00

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

$68,447 00
15,919 02
653 00

*

90 00
•

$85,019 02

Total,

$85,019 02

Number of shares issued during the y e a r , ................................................. 531
Number of shares now in f o r c e , ...........................................................1,670
Number of shares now borrowed u p o n ,........................................................... 502
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 139
Number of shares forfeited during the y e a r , ................................................. 15
Number of shares retired during the y e a r , ................................................. 34
Highest rate of premium or interest received on money sold during the year:
25 cents premium.
Lowest rate of premium or interest received on money sold during the y e a r:
6 per cent.
Rate of profits distributed: 1st term, 3| per cent.; 2d term, 3| per cent.
Number of members withdrawn during the y e a r , ....................................... 37
Present number of m e m b e r s ,.................................................................................. 278
Present number of borrowers,.................................................................................... 91
Present number of non-borrow ers,.........................................................................187
Number of loans secured by first mortgage of real estate,
.
.
. 104
Number of loans on s h a r e s , .................................................................................... 20
Largest loan to any one m e m b e r ,...............................................................................$4,400 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, 1899, .
254 01
Date o f examination by commissioner : April 4.


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

224

[Pub. D oc

R E P O R T O F TH E

S P R IN G F IE L D C O -O P E R A T IV E B A N K — S P R IN G F IE L D .
Incorporated April 13, 1882.

Commenced business May 9, 1882.

I r a B. A l l e n , President.
E . S. B a t c h e l d e r , Secretary.
C . H . C h u r c h i l l , Treasurer.

Names of security committee:
G e o r g e A . D e n is o n ,
C. H . C h u r c h il l ,
S. D . S h e r w o o d .

Regular meetings the second Tuesday 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, .
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid f i nes, .
.
.
.
Cash in hands of treasurer,

31,1899.

$450,975
28,980
1,098
.
3,926

.

00
00
55
46
50
424 56
24,721 74

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

.

$430,988 00
73,248 47
45
2,993 45
2,713 45
182 99

$510,126 81

$510,126 81

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

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

$125,228 00
From dues capital,
26,903 62
interest,
80 60
premiums, .
1,439 58
fines, .
.
.
.
13 00
transfer fees,
137,025 00
real estate loans repaid,
real estate loans elimi1,000 00
nated by foreclosure,
23,755 00
share loans repaid,
1,490 51
withdrawal profits,
45
forfeiture profits,.
5,458 82
Cash on hand Oct. 31, 1898, .


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

$322,394 58

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,
interest on retired shares,
interest refunded, .
withdrawal profits refunded,
real estate by foreclosure,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$99,075
35,725
64,748
10
66,705
9,684
1
18,234
1,897
479
8

00
00
00
00
00
61
80
61
46
94
75

4 12
1,098 55
24,721 74
$322,394 58

No. 8 .]

225

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

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R eal E st a te .

Hate.

$383,750 00
62,825 00

5.00 per cent.
6.00
“

$4,400 00

Sh a r k s .

Rate.

Amount.

Rate.

6.30 per cent.

$23,865 00
5,065 00
50 00

5.00 per cent.
6.00
“
6.60
“

Amount.

Amount.

on

13
17
19
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
48
49
50
51
52
53
54
55

$200
160
149
139
133
128
123
119
114
109
104
100
95
91
86
82
78
74
69
65
61
58
54
50
46
42
39
35
32
28
25
22
18
15
12
9
6
3

Dues paid in advance, .
Total,


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

92
50
53
03
91
88
95
04
19
45
79
22
69
19
86
54
28
11
98
96
98
05
19
39
66
96
35
77
26
83
41
07
78
54
34
19
09
03

Total
Value.

1888, .
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, .
1896, .
1897,.
1897, .
1897, .
1897, .
1898, .
1898, .
1898, .
1898, .
1899, .
1899, .
1899, .

Shares in
Force.

M ay,
Feb.,
Aug.,
Feb.,
M ay,
A ug.,
N ov.,
Feb.,
M ay,
A u g .,
N ov.,
Feb.,
M ay,
A u g .,
Nov.,
Feb.,
M ay,
A u g .,
N o v .,
Feb.,
M ay,
A ug.,
N ov.,
Feb.,
M ay,
A u g .,
N ov.,
Feb.,
M ay,
A u g .,
N ov.,
Feb.,
M ay,
A ug.,
N ov.,
Feb.,
M ay,
A u g .,

Value per
Share.

Date of
I ssue.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

10
15
14
21
17
7
159
181
177
182
221
207
198
213
205
270
255
249
346
376
346
349
130
306
476
321
276
476
560
387
714
554
185
197
490
237
400
349

$2,009
2,407
2,093
2,919
2,276
902
19,708
21,546
20,211
19,919
23,158
20,745
18,946
19,423
17,806
22,285
19,961
18,453
24,213
24,800
21,445
20,259
7,044
15,419
22,210
13,790
10,860
17,026
18,065
11,157
18,142
12,226
3,474
3,061
6,046
2,178
2,436
1,057

20
50
42
63
47
16
05
24
63
90
59
54
62
47
30
80
40
39
08
96
08
45
70
34
16
16
60
52
60
21
74
78
30
38
60
03
00
47

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

$430,988 00
73,248 47
5,720 00

265 00
$509,956 47

Total,

$509,956 47

226

R E P O R T O F TH E

[Pub. Doc.

Number of shares issued during the y e a r , ....................................... 1,612
Number of shares now in f o r c e , ........................................................... 10,076
Number of shares now borrowed u p o n ,................................................. 3,025
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,968
Number of shares forfeited during the y e a r ,................................................. 5
Number of shares retired during the y e a r , ................................................. 745
Highest rate of premium or interest received on money sold during the y e a r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 1£ per cent.; 2d term, 1£ per
3d term, 1 5-16 per cent.; 4th term, 1 5-16 per cent.
Number of members withdrawn during the year, .
.
.
.
Present number of m e m b e r s ,.....................................................................
Present number of borrow ers,.....................................................................
Present number of non-borrow ers,...........................................................
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 ,...........................................................

cent. ;
.

259
1,224
. 338
. 886
. 364

.

,

Amount of expenses o f the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : October 30.


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

146

#
.

$5,000 00
25 00
2,197 46

No. 8 .]

227

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

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

Incorporated Jan. 10, 1887.
W

il l ia m

B. S n o w , President.

Commenced business Feb. 1, 1887.

G e o r g e N . G r e e n , Secretary and Treasurer.

Names of security committee :
A r t h u r H . Co w d r e y ,
S id n e y A . H i l l ,
O l iv e r H . M ar sto n .

Regular meetings the first Tuesday of each month.

Balan ce Sheet O ct.

A ssets.

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

31, 1899.

L ia b il it ie s .

$127,050
12,450
7,714
1,056
330
3,599
.

.

00
00
10
06
78
88

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

$152,200 82

$123,988
25,117
1,350
1,678
66

00
29
00
76
77

$152,200 82

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans elimi­
nated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
real estate by foreclos­
ure, .
.
.
.
rents, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

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

$32,212
8,260
2
353

00
28
05
64
75
34,800 00
2,600
5,450
285
5

00
00
61
07

3,000 00
156 00
3,760 88
$90,886 28

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,
interest on retired shares,
real estate by foreclosure,
taxes and maintenance,
Cash on hand Oct. 31, 1899,

$27,400
12,550
21,811
52
11,761
987
4,437
5
3,536
456
563
242
2,936
548
3,599

00
00
00
00
00
00
52
07
09
06
52
32
77
05
88

$90,886 28

228

R E P O R T O F TH E

[Pub. D oc.

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

R eal E sta te .

L oans

on

Sh a k e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$127,050 00

5.00 per cent.

-

-

$12,450 00

5.00 per cent.

1888,
1888,
1889,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

$204
192
181
175
164
153
142
132
122
113
103
94
86
77
69
61
53
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

88
90
28
45
26
38
86
61
74
16
86
84
11
68
51
60
92
46
22
20
37
75
32
08

Total
Value.

Feb.,
A ug.,
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,
N ov.,
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 o f Share Account with Dues and Profits Capital.

14
4
28
22
52
34
62
71
45
56
61
54
77
99
186
127
280
200
152
148
236
121
226
195

$2,868
771
5,075
3,859
8,541
5,214
8,857
9,415
5,523
6,336
6,335
5,121
6,630
7,690
12,928
7,823
15,097
9,292
5,961
4,765
5,987
2,268
2,784
1,185

32
60
84
90
52
92
32
31
30
96
46
36
47
32
86
20
60
00
44
60
32
75
32
60

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

25,117 29
1,328 00

96 00
$150,433 29

Total,

Number of shares issued during the year,
, 464
Number of shares now in force.......................................
2,550
Number of shares now borrowed upon, .
922
Largest number of shares held by any one member,
25
Number of shares withdrawn during the year,
503
Number of shares forfeited during the year, .
13
Number of shares retired during the year,
121
Number of shares matured during the year, .
7
Highest rate of premium or interest received on money sold during the y e a r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term , 2| per cent.
Number of members withdrawn during the year, .
45
Present number of m e m b e r s ,.................................................
361
Present number of borrow ers,.................................................
129
Present number of non-borrowers,.......................................
232
Number of loans secured by first mortgage of real estate,
124
Number of loans on s h a r e s , .................................................
29
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, 1899, .
Date of examination by commissioner : April 18.


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

$123,988 00

$150,433 29

$4,100 00
50 00
563 52

No. 8 .]

229

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

S T O U G H T O N C O -O P E R A T IV E B A N K — S T O U G H T O N .
Incorporated March 23,1886.
G e o r g e E . B e l c h e r , President.

H

Commenced business April 10, 1886.
en ry

W . B r it t o n , Secretary and Treasurer.

Names of security committee:
R

ic h a r d

B. W ar d ,
W e b st e r Sm it h ,
C h r is t o p h e r F a r r e l l .

Regular meetings the second Saturday o f each month.
Balan ce Sh eet Oct.

31,1899.

L ia b il it ie s .

A ssets.

$165,387 00
Loans on real estate,
5,795 00
Loans on shares, .
9 00
Temporary expense account,
9,258
48
Real estate by foreclosure, .
136 43
Mortgage,
.
.
.
.
67 10
Taxes paid, .
.
.
.
3,319 13
Cash in hands of treasurer, .

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

$143,640
32,494
541
28
44
40
1
2,823
1,938
2,419

00
12
89
05
27
50
91
53
18
01
68

$183,972 14

$183,972 14

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
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,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure, .
.
.
.
matured share account,
Cash on hand Oct. 31, 1898, .


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

$36,579
10,837
585
624
2
13,100

00
26
37
48
75
00

9,800 00

4,100
7,955
198
26
876

00
00
08
92
02

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital forfeited, .
dues capital matured, .
profits capital withdrawn,
profits capital forfeited,
profits capital matured,
temporary expenses,
forfeited shares,
taxes,
.
.
.
.
real estate by foreclosure,
surplus account, .
matured share account,
Cash on hand Oct. 31, 1899,

$18,250
5,945
32,219
1,040
12,553
7,526
201
5.868
763
876
67
10,248
1,014
11,471
3,319

00
00
00
00
00
00
97
59
00
02
10
48
60
71
13

7,746 27
13,891 39
5,041 06
$111,363 60

$111,363 60

[Pub. D oc

R E P O R T O F TH E

230

Total Amount o f Loans at Specified Rates o f Interest.
Loans

$2,700
900
1,600
500

00
00
00
00

on

Sh a k e s .

Rate.

A mount.

Rate.

7.50 per cent.
7.80
“
8.10
“
8.40
“

$3,825 00
1,145 00
825 00

6.00 per cent.
6.30
“
6.60
“

Amount.

6.00 per cent.
6.30
«
6.60
«
6.90
“

00
00
00
00

L oans

R eal E sta te .

Rate.

Amount.
$15,950
136,237
4,300
3,200

on

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

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

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

$180
169
157
147
136
126
116
107
98
89
80
72
64
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

47
04
94
17
76
65
87
40
23
34
70
38
30
47
90
54
43
53
85
38
10
00
.
•

Total
Value.

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

Shares in
Force.

D a te op
Issue.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

88
39
77
87
93
93
82
105
119
61
107
70
100
203
128
141
190
209
285
181
287
412

$15,881
6,592
12,161
12,803
12,718
11,778
9,583
11,277
11,689
5,449
8,634
5,066
6,430
11,463
6,259
5,857
6,541
5,753
5,942
2,602
2,324
824

36
56
38
79
68
45
34
00
37
74
90
60
00
41
20
14
70
77
25
78
70
00

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

$143,640 00
32,494 12
1,563 00

61 00
$177,697 12

Total,

$177,697 12

Number of shares issued during the year.......................................................... 807
Number of shares now in f o r c e , ...........................................................3,157
Number of shares now borrowed u p o n ,........................................?
1,022
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ....................................... 716
Number of shares forfeited during the y e a r , ................................................. 53
Number of shares matured during the y e a r , ................................................. 91
Highest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 92
Present number of m e m b e r s ,...........................................................i
458
Present number of borrow ers,..................................................................................206
Present number of non-borrow ers,........................................................................ 252
Number of loans secured by first mortgage of real estate,
.
.
. 169
Number o f loans on s h a r e s , .................................................................................... 37
Largest loan to any one member..................................................................................... $5,000 00
Smallest loan to any one m e m b e r ,..............................................................................
25 00
Amount of expenses o f the corporation for the year ending Oct. 31, 1899,
.
763 00
Date of examination by commissioner : February 28.


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

No. 8 .]

S A Y IN G S B A N K C O M M IS S IO N E D

231

S U F F O L K C O -O P E R A T IV E B A N K -B O S T O N .

Incorporated Dec. 11, 1885.
C h a r l e s A . P o t t e r , President.

Commenced business Jan. 1, 1886.
C h a r l e s J. P a g e , Secretary and Treasurer.

Names of security committee:
A l f r e d F o st e r ,
W

il l ia m

F r e d e r i c k J. S t a r k ,
A . R u d d ic k .

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, .
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

31,1899.

L ia b il it ie s .

$42,434
5,835
3,925
1,296
305
107
2,068

64
00
19
47
43
87
85

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

$44,767
10,298
360
364
81
38
63

00
95
00
61
48
16
25

$55,973 45

$55,973 45

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

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
surplus,
personal accounts,
rent,
.
.
.
.
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

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

$11,982
2,509
498
171
8,800
1,925
188
3
34
63

00
29
24
86
00
00
83
80
16
25

55 15
2,167 82
$28,399 40

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital matured, .
profits capital withdrawn,
profits capital matured,
temporary expenses,
forfeited shares,
personal accounts,
real estate by foreclosure,
matured share account,
Cash on hand Oct. 31, 1899,

$11,145
1,535
5,539
2,329
991
1,077
604
43
174
61
2,829
2,068

00
00
00
00
82
12
46
16
96
25
78
85

$28,399 40

232

R E P O R T OF TH E

[Pub. D oc

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

on

Amount.

Rate.

$2,250 00
2,500 00
2,300 00

6 00 per cent.
6.30
»
6.60
«

R e al E sta te .

L oans

Amount.
$4,300 00
3,395 00
27,689 64

on

Sh a r e s .

Rate.

Amount.

Rate.

6.90 per cent.
7.20
“
7.50
«

$5,835 00

7.50 per cent.

6
8
9
10
11
12
13
14
15
16
18
19
20
21
22
23
24
25
26
27
28

$1 9 8
178
167
156
145
135
125
115
105
96
78
70
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

•

43
61
24
35
64
31
27
45
92
67
99
54
39
50
88
48
35
48
81
37
10

Total
Value.

1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1 8 9 3 ,.
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

Shares In
Force.

July,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
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 ate of
I ssue .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

12
17
20
15
22
13
36
76
9
9
35
40
45
28
44
57
76
203
122
57
132

$ 2 ,3 8 1
3,036
3,344
2,345
3,204
1,759
4,509
8,774
953
870
2,764
2,821
2,807
1,526
2,062
2,250
2,458
5,172
2,294
705
805

.
•

16
37
80
25
08
03
72
20
28
03
65
60
55
00
72
36
60
44
82
09
20

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

$ 4 4 ,7 6 7 00
10,298 95
1,840 00

59 00
$ 5 6 ,9 0 5 95

Total,

$ 5 6 ,9 0 5 95

Number o f shares issued during the y e a r , ................................................. 195
Number of shares now in f o r c e , ........................................................... 1,068
Number of shares now borrowed u p o n ,........................................................... 341
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 156
Number of shares matured during the y e a r , ................................................. 17
Highest rate of premium or interest received on money sold during the year:
25 cents premium.
Lowest rate o f premium or interest received on money sold during the y e a r:
5 cents premium.
Rate of profits distributed: 1st term, 2| per cent.; 2d term, 2| per cent.
Number of members withdrawn during the y e a r ,........................................27
Present number of m e m b e r s ,.................................................................................. 149
Present number of borrowers,..................................................................................... 50
Present number of non-borrowers............................................................................... 99
Number of loans secured by first mortgage of real estate,
.
.
.
47
Number of loans on s h a r e s , .....................................................................................32
Largest loan to any one m e m b e r ,.............................................................................. $ 3 ,3 0 0 00
Smallest loan to any one member...................................................................................
40 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
604 46
Date o f examination by commissioner : February 9.


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

No. 8 .]

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

233

T A U N T O N C O -O P E R A TIV 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 , President.

H . 0 . M o r s e , Secretary.

G e o r g e E . D e a n , Treasurer.

Names of security committee :
D a n ie l C a r e y ,

H e r b e r t N . P ie r c e ,
T homas B a k e r .

Regular meetings the first Tuesday after fifteenth of each month.

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

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$388,050 00
Loans on shares,
12,150 00
Permanent expense account,
188 42
Temporary expense account,.
620 47
Unpaid interest,
3,923 91
Unpaid premiums,
206 52
Unpaid fines, .
.
.
.
366 87
Cash in hands of treasurer, .
30 08

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

$405,536 27

$335,001
55,085
11,390
599
360
14
2,315
635
133

00
32
03
47
52
75
44
80
94

$405,536 27

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans elimi­
nated by maturity of
shares,
share loans repaid,
Cash on hand Oct. 31, 1898, .


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

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

$93,033
22,040
1,160
583
17
116,900

00
73
03
71
50
00

2,900 00
14,150 00
473 50
$251,258 47

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,
interest on retired shares,
Cash on hand Oct. 31, 1899,

$148,050
15,750
44,740
21,468
3,744
8,091
5,552
1,693
1,260
877
30

00
00
00
00
00
99
33
90
69
48
08

$251,258 47

234

[Pub. D oc

R E P O R T O F TH E

Total Amount o f Loans at Specified Rates o f Interest.
Loans

on

R eal E sta te .

L oans

on

Sh ar k s.

. Rate.

Amount

Rate.

Amount.

Rate.

Amount.

$388,050 00

6.30 per cent.

-

-

$12,150 00

6.30 per cent.

1888,
1889,
1890,
1891,
1892,
1893,
1894,
1895,
1896,
1897,
1898,
1899,

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

9
10
11
12
13
14
15
16
17
18
19
20

$191
169
148
128
109
92
75
60
45
31
18
6

52
30
33
62
97
41
83
19
44
52
39
00

Total
Value.

M ay,
M ay,
M ay,
May,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,

Shares in
Force.

D a te op
I ssue.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

12
112
205
413
346
727
545
659
734
1,069
1,512
1,704

$2,298
18,961
30,407
53,120
39,049
67,182
41,327
39,665
33,352
33,694
27,805
10,224

T o t a l , .......................................

24
60
65
06
62
07
35
21
96
88
68
00

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

$397,089 32

Total,

$335,001 00
55,085 32
7,003 00

$397,089 32

Number of shares issued during the y e a r , ....................................... 1,913
Number of shares now in f o r c e , ...........................................................8,038
Number of shares now borrowed upon..................................................... 2,790
Largest number of shares held by any one member,
.
.
.
.

25

Number of shares withdrawn during the year,
.
.
.
.
1,138
Number of shares retired during the y e a r , ................................................. 211
Number of shares matured during the y e a r , ................................................. 26
Highest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y ea r:
5 cents premium.
Rate of profits distributed: 6 per cent.
Number of members withdrawn during the year, .

.

.

,9 2

Present number of m e m b e r s ,.............................................................................. 976
Present number of borrow ers,.................................................................................. 273
Present number of non-borrow ers,.........................................................................703
Number of loans secured by first mortgage of real estate,
.
.
. 303
Number o f loans on s h a r e s , ...................................................................................123
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, 1899,
.
1,281 62
Date of examination by commissioner : June 30.


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

No. 8 .]

235

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

TR O Y C O -O P E R A T IV E B A N K — P A L L R IV E R .
Incorporated July 18, 1880.
J e r o m e C. B o r d e n , President.

Commenced business July 20, 1880.

G e o r g e H . E d d y , Jr., Secretary and Treasurer.

Names of security committee:
T homas D . Cover,

Jacob F a s h ,
John M . Y

oung.

Ilegular meetings the third Tuesday of each month.

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

31, 1899.

L ia b il it ie s .

A ssets.

$450,950 00
Loans on real estate,
21,950 00
Loans on shares, .
6,964 07
Real estate by foreclosure, .
1,985 14
Unpaid interest,
51 20
Unpaid fines, .
.
.
.
17,381
46
Cash in hands of treasurer, .

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

.

$422,028
65,363
2,443
8,952
138
332
24

00
86
03
10
32
46
10

$499,281 87

$499,281 87

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

R e c e ip t s .

$135,971 00
From dues capital,
28,000 80
interest,
35 54
premiums, .
594 09
fines, .
.
.
.
148,987 09
real estate loans repaid,
real estate loans elimi­
9,186 84
nated by foreclosure,
24,600 00
share loans repaid,
1,083 45
forfeited shares, .
2,250 52
advance payments,
953 45
profits capital,
84 27
suspense account,
real estate by foreclos­
3,609
35
ure, .
.
.
.
13,887 32
Cash on hand Oct. 31, 1898, .

$134,423 93
For real estate loans, .
25,400 00
share loans, .
88,136 00
dues capital withdrawn,
1,515 00
dues capital forfeited, .
53,367 00
dues capital retired,
15,710 48
profits capital withdrawn,
200 66
profits capital forfeited,
15,889 65
profits capital retired, .
1,969 74
temporary expenses,
1,230 60
forfeited shares,
.
953 45
interest on retired shares,
2,425 14
advance payments,
67 19
suspense account, .
10,573 42
real estate by foreclosure,
17,381 46
Cash on hand Oct. 31,1899, .

$369,243 72

$369,243 72


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

236

R E P O R T O F TH E

[Pub. D oc.

Total Amount o f Loans at Specified Bates o f Interest.
Loans

Amount.
$370,450 00
79,650 00

on

Rate.

R eal E state.

L oans

Amount.

5.50 per cent.
6.00
«

Rate.

$850 00

6.50 per cent.

on

Sh a r e s .

Amount.
$10,950
9,800
400
800

00
00
00
00

Rate.
5.50 per cent.
6.00
“
6.30
»
6.50
“

$198
186
175
164
153
143
132
123
113
104
95
87
78
70
62
54
47
40
33
26
19
13
7
1

02
34
02
00
34
00
98
24
76
57
66
00
60
47
57
88
44
20
19
39
77
34
09
00

Total
Value.

17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40

Shares in
Force.

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, .
April, 1897,.
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D a te of
I ss u e .

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

61
32
44
19
63
31
135
139
230
184
330
255
422
431
517
500
1,012
833
1,134
900
1,063
1,154
1,385
822

$12,079
5,962
7,700
3,116
9,660
4,433
17,952
17,130
26,164
19,240
31,567
22,185
33,169
30,372
32,348
27,440
48,009
33,486
37,637
23,751
21,015
15,394
9,819
822

T o t a l , .......................................

22
88
88
00
42
00
30
36
80
88
80
00
20
57
69
00
28
60
46
00
51
36
65
00

$490,459 86

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

U

Total,

Number of shares issued during the year.................................................2,617
Number of shares now in f o r c e , ...........................................................11,696
Number of shares now borrowed upon..................................................... 3,022
Largest number o f shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
2,304
Number o f shares forfeited during the year.......................................................68
Number of shares retired during the y e a r , ................................................. 543
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
5£ per cent.
Rate of profits distributed: 1st term, 2 8-10 per cent.; 2d term, 2 5-8 per
cent.


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

$422,028 00
*
65,363 86
3,068 00

$490,459 86

No. 8 .]

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

237

Number o f members withdrawn during the y e a r , ........................................348
Present number o f m e m b e r s ,...............................................................................1,461
Present number of borrow ers,..................................................................................296
Present number of non-borrow ers,.....................................................................1,165
Number of loans secured by first mortgage of real estate,
.
.
.241
Number of loans on shares..........................................................................................112
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, 1899, .
1,969 74
Date of examination by commissioner : September 14.


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

238

[Pub. Doc,

R E P O R T O F TH E

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

alter

C. S h a p l e i g h , President.

Commenced business Jan. 1, 1888.

F r a n k E . B u r b a n k , Secretary and Treasurer.

Names of security committee:
G eorge M u r p h y ,
W i l l i a m N . M cK e n n a ,

M . J. G i l l e s p i e ,
I. W . D e r b y .

Regular meetings the third Wednesday o f each month.
B ala n c e Sh ee t O ct.

A ssets.

31, 1899.
L ia b il it ie s .

Loans on real estate,
$359,700 00
10,100 00
Loans on shares, .
Temporary expense account,
227 03
Real estate by foreclosure, .
8,537 31
Unpaid fines, .
.
.
.
36 45
Personal accounts,.
2,477 38
Mortgages,
.
.
.
.
1,890 82
Office furniture,
436 02
Rent account,
39 40
Cash in hands of secretary, .
3,853 59
Cash in hands of treasurer, .
8,805 92

Dues capital,
Profits capital (allseries),
Interest,
.
.
.
.
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Personal accounts,
Matured share account,

.

$396,103 92

$330,967
61,271
381
123
1,656
1,472
163
62
5

00
84
53
74
00
30
16
54
81

$396,103 92

Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
R e c e ip t s.

From dues capital,
interest,
fines,
.
.
.
.
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
profits capital,
forfeited shares, .
real estate by foreclosure,
retired share account, .
matured share account,
profit and loss,
.
surplus,
mortgages, .
personal accounts,
office furniture account,
rent,
.
.
.
.
Cash on hand Oct. 31, 1898, .


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

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

$98,697
19,858
877
38,160

00
30
69
00

8,100 00
7,300 00
10,850 00
1,205 24
14
662 52
10,604
36,880
154
1
14
5,273
3,516
45
468
13,257

20
23
02
56
99
75
58
31
92
00

$255,927 45

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,
forfeited shares,
profit and loss,
interest on retired shares,
retired share account, .
matured share account,
fine,
.
.
.
.
real estate by foreclosure,
rent account,.
withdrawal profits,
mortgages,
personal accounts,
surplus, .
.
.
.
office furniture,
Cash on hand Oct. 31, 1899,

$91,250
10,450
36,214
1,924
26,943
5,180
4,532
292
9,778
2,243
1,895
644
1
201
36,880
148
7,476
282
5,250
619
1,031
28
12,659

00
00
00
00
00
00
84
09
49
31
00
52
00
82
23
21
10
88
63
55
16
56
33
22
51

$255,927 45

No. 8 .]

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

239

Total Amount o f Loans at Specified Rates o f Interest,
L oans

Amount.
$261,750
10,900
67,000
3,350
6,500
2,000
5,200

on

Rate.

00
00
00
00
00
00
00

R eal E state.

L oans

Amount.

5.00 per cent.
5.25
“
6.00
“
6.25
“
6.30
“
6.50
“
6.60
“

Rate.

$3,000 00

6.90 per cent.

on

Amount.
$8,000
50
1,400
50
200
350
50

00
00
00
00
00
00
00

Sh ar e s.

Rate.
5.00 per cent.
5.25
“
6.00
»
6.25
“
7.00
»
7.25
“
7.50
“

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
27
28
29
30
31
32
33
34
35
36
37
38

$192
181
169
158
148
137
127
118
108
99
95
90
86
82
78
74
70
66
62
58
54
50
47
43
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

92
15
71
70
06
79
76
09
77
71
29
95
67
46
32
24
20
24
34
49
71
97
31
66
10
58
11
70
34
03
76
53
34
19
08
02
00

Total
Value.

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

Shares in
Force.

Series.

D a te op
I ssue.

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,
Jan., 1897,
April, 1897,
July, 1897,
Oct., 1897,
Jan., 1898,
April, 1898,
July, 1898,
Oct., 1898,
Jan., 1899,
April, 1889,
July, 1899,
Oct., 1889,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

92
98
135
94
94
124
87
173
170

$17,748
17,752
22,910
14,917
13,917
17,085
11,115
20,429
18,490
21,038
9,529
3,910
3,986
12,781
5,482
7,646
6,388
16,957
10,223
7,779
7,714
9,786
13,861
6,374
5,573
12,327
11,456
8,999
8,534
18,654
6,916
8,281
3,988
5,319
3,490
1,780
449

211
100

43
46
155
70
103
91
256
164
133
141
192
293
146
139
337
346
303
324
810
350
501
299
522
493
443
449

64
70
85
80
64
96
12
57
90
81
00
85
82
30
40
72
20
44
76
17
11
24
83
36
90
46
06
10
16
30
00
53
66
18
44
86
00

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

$330,967 00
61,271 84
2,565 00

1,203 00
$394,803 84

Total,

$394,803 84

240

R E P O E T O F TH E

[Pub. D oc.

Number of shares issued during the y e a r , ........................................2,247
Number of shares now in f o r c e , ...........................................................8,527
Number of shares now borrowed u p o n ,................................................. 2,176
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year....................................... 1,570
Number of shares forfeited during the y e a r , ................................................. 91
Number of shares retired during the y e a r , ................................................. 229
Number of shares matured during the year......................................................37
Highest rate o f premium or interest received on money sold during the y ea r:
5^ per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
5 per cent.

Amount of expenses of the corporation for the year ending Oct. 31, 1899
Date of examination by commissioner: February 24.


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

747
195
59

•

00
50 00
1,895 00
o
o

Number o f 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 ,.....................................................................

191
949
202

©

Present number of non-borrow ers,.......................................

per

©t

Rate of profits distributed : 1st term, 1 5-16 per cent. ; 2d term, 1 5-16
cent. ; 3d term, 1 } per cent. ; 4th term, 1^ per cent.
Number o f members withdrawn during the y e a r , .......................................
Present number of m e m b e r s ,.......................................
Present number of borrowers,.......................................

No. 8 .]

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

W A K E F IE L D

C O -O P E R A TIV E B A N K -W A K E F I E L D .

Incorporated Jan. 31, 1887.
E r a st u s D . W

241

eston,

Commenced business March 5, 1887.
H a r r y F o s t e r , Secretary and Treasurer.

President.

Names of security committee :
R ic h a r d S. S tou t ,
E verett W . E aton,
G . E . S m it h .

R oger H ow ar d ,
O l iv e r W alto n ,

Regular meetings the first Saturday o f each month.
B a l a n c e Sh e e t O c t.

31, 1899.

L ia b il it ie s .

A sse ts.

$171,100 00
Loans on real estate,
10,000 00
Loans on shares, .
4,132 84
Real estate by foreclosure, .
806 25
Unpaid interest,
46 30
Unpaid premiums,
Unpaid fines, .
.
.
.
74 67
7,324 55
Cash in hands of treasurer, .

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

$161,018
29,054
855
2,556

00
86
00
75

$193,484 61

$193,484 61

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

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,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loanB repaid,
withdrawal profits,
forfeiture profits,.
real estate by foreclos­
ure, .
.
.
.
Cash on hand Oct. 31, 1898, .


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

$51,142
11,615
674
265
5
26,075

00
03
95
41
00
00

5,600 00
5,200
7,000
141
1

00
00
43
81

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,
interest on retired shares,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$32,750
9,900
6,710
119
34,954
10,963
587
15
7,705
4,730
746
834
5,925
7,324

00
00
00
00
00
00
91
36
75
72
20
99
86
55

1,860 00
13,686 71
$123,267 34

$123,267 34

242

R E P O R T O F TH E

[Pub. Doc.

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

Amount.

Rate.

$161,600 00
2,600 00
4,800 00

6.30 per cent.
6.60
«
6.90
“

R eal E sta te .

L oans

Amount.
$900 00
1,200 00

on

Sh a r e s .

Rate.

Amount.

Rate.

7.20 per cent.
7.50
“

$10,000 00

6.30 per cent.

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

$190
178
166
155
144
134
124
114
104
95
86
78
70
62
54
46
39
32
25
18
12
6

Dues paid in advance, .
Total,

25
28
65
40
60
13
02
24
80
64
83
31
06
05
28
76
47
39
52
85
38
10

Total
Value.

1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894,.
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

Shares in
Force.

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,

Value per
Share.

D a t e op
I ssue.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

32
18
47
25
44
36
74
76
79
94
108
216
179
158
183
313
267
372
456
374
497
503

$6,088
3,209
7,832
3,885
6,362
4,828
9,177
8,682
8,279
8,990
9,377
16,914
12,540
9,803
9,933
14,635
10,538
12,049
11,637
7,049
6,152
3,068

00
04
55
00
40
68
48
24
20
16
64
96
74
90
24
88
49
08
12
90
86
30

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

29,054 86
1,267 00

303 00
$191,339 86

Total,

Number of shares issued during the y e a r , ....................................... 1,120
Number of shares now in f o r c e , ........................................................... 4,151
Number of shares now borrowed upon.....................................................1,095
Largest number of shares held by any one member,
.
.
.
.2 5
Number of shares withdrawn during the y e a r , ....................................... 414
Number of shares forfeited during the y e a r , .................................................9
Number of shares retired during the y e a r , ................................................. 480
Number of shares matured during the year...................................................... 80
Highest rate of premium or interest received on money sold during the y e a r:
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 97
Present number o f m e m b e r s ,.................................................................................. 538
Present number of borrow ers,.................................................................................. 180
Present number of non-borrow ers,........................................................................ 358
Number of loans secured by first mortgage of real estate,
.
.
.181
Number of loans on s h a r e s , .....................................................................................48
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, 1899, .
Date of examination by commissioner: April 27.


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

$161,018 00

$191,339 86

$5,000 00
50 00
746 20

No. 8 .]

243

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

W A L T H A M C O -O P E R A T IV E B A N K — W A L T H A M .
Incorporated Oct. 13, 1880.
E d w a r d P. S m i t h , President.

Commenced business Oct. 20, 1880.
D a n ie l F . Y

il e s ,

Secretary and Treasurer.

Names of security committee:
E d w a h d P. S m i t h ,
M ic h a e l T . C o n n e l l y ,
C h arles L . Ba il e y .

Regular meetings the third Thursday of each month.

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

81,1899.

L ia b il it ie s .

A ssets.

$538,650 00
Loans on real estate,
15,450 00
Loans on shares, .
89,841 14
Real estate by foreclosure, .
6,909 03
Unpaid interest,
218 46
Unpaid premiums,
922 98
Unpaid fines, .
.
.
.
19,092
00
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series). .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , .......................................
Transfer fees,
Guaranty fund, .
Surplus,
.
.
.
.
Unpaid bills,
Personal account,

$543,870
111,384
2,817
67
120
9,600
2,933
226
64

00
55
50
06
35
50
00
33
16
16

$671,083 61

$671,083 61

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R

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

e c e ip t s .

$148,033 00
From dues capital,
35,799 59
interest,
1,009 41
premiums, .
1.787 16
fines, .
.
.
.
4 00
transfer fees,
102,350 00
real estate loans repaid,
real estate loans elimi6,900 00
nated by foreclosure,
real estate loans eliminated by maturity of
17,550 00
shares,
11,200 00
share loans repaid,
751 71
withdrawal profits,
13 89
forfeiture profits,.
5,402 75
rents of real estate,
real estate by foreclos­
1,851 00
ure, .
.
.
.
1,424 96
Cash on hand Oct. 31, 1898, .


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

$334,077 47

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 m atured,.
temporary expenses,
interest on retired shares,
expenses on real estate,.
real estate by foreclosure,
Cash on hand Oct 3 1 ,1 8 9 9 ,.

$109,400
12,200
73,079
1,282
33,099
32,706
13,145
116
9,386
15,006
3,632
22
4,268
7,640
19,092

00
00
00
00
00
00
24
49
93
38
07
78
99
59
00

$334,077 47

[Pub. D oc

R E P O R T O F TH E

244

Total Amount o f Loans at Specified Rates o f Interest.
L oans

00
00
00
00
00
00

L oans

R eal E sta te .

6.00 per cent.
6.10
“
6.20
“
6.30
6.40
“
6.50
“

$4,750
200
2,300
47,250
3,750
2,150

00
00
00
00
00
00

on

Sh a r e s .

Rate.

Amount.

Rate.

6.60 per cent.
6.70
“
6.80
“
6.90
“
7.20
“
7.50
“

$15,150 00
300 00

6.00 per cent.
6.10 * «

Amount.

Rate.

Amount.
$417,150
14,650
8,900
9,050
5,700
22,800

on

$189
177
166
160
154
149
144
139
133
128
123
119
114
109
104
100
95
91
87
82
78
74
70
66
62
58
54
51
47
43
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

49
61
08
50
94
53
23
02
88
83
89
00
17
48
81
27
79
39
06
79
64
53
49
50
59
73
91
17
47
84
24
71
24
80
42
09
80
56
36
21
10
03
00

Total
Value.

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
48
49
50
51
52
53
54
55
56
57
58
59

Shares in
Force.

O c t , 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, .
Jan., 1897, .
April, 1897, .
July, 1897, .
Oct., 1897, .
Jan., 1898, .
April, 1898,.
July, 1898, .
Oct., 1898, .
Jan., 1899, .
April, 1899, .
July, 1899, .
Oct., 1899, .

Value per
Share.

D a t e of
I ssue.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

139
139
94
100
64
130
129
131
163
105
154
188
195
225
156
220
344
204
131
180
250
153
376
208
274
268
361
267
404
203
262
316
350
243
617
544
618
236
560
656
640
575
832

$26,339
24.687
15,611
16,050
9,916
19,438
18,605
18,211
21,822
13,527
19,079
22,372
22,263
24,633
16,350
22,059
32,951
18,643
11,404
14,902
19,660
11,403
26,504
13,832
17,149
15,739
19,822
13,662
19,177
8,899
10,542
11,600
11,634
7,241
16,301
12,560
12,236
3,908
7,481
6,697
4,544
2,317
832

11
79
52
00
16
90
67
62
44
15
06
00
15
00
36
40
76
56
86
20
00
09
24
00
66
64
51
39
88
52
88
36
00
40
14
96
40
16
60
76
00
25
00

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

$543,870 00
111,384 55
8,232 00

868 00
$663,486 55

otal,

$663,486 55

No. 8 .]

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

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,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold during the

245

2,946
12,404
3,380
.
25
1,840
.
35
. 338
. 237
y ea r:

6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, I f per cent.; 2d term, I f per cent.; 3d
term, I f per cent.; 4th term, I f per cent.
Number of members withdrawn during the year.................................
Present number of m e m b e r s ,.....................................................................
Present number of borrowers,....................................................................
Present number o f non-borrow ers,...........................................................
Number of loans secured by first mortgage of real estate,

.

392
1,685

.

456
1,229
. 386

.
70
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, 1899, .
Date of examination by commissioner: M ay 12.


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

$5,000 00
50 00
3,632 07

246

R E P O R T O F TH E

[Pub. D oc

W A T E R T O W N C O -O P E R A TIV E B A N K — W A T E R T O W N .

Incorporated June 5, 1888.
C h a r l e s B r i g h a m , President.

Commenced business June 28, 1888.

S a m u e l S. G l e a s o n , Secretary and Treasurer.

Names of security committee:
J a m e s H . N o r c r o ss ,
H o r a c e W . O t is ,
S a m u e l S. G l e a s o n .

Regular meetings the fourth Thursday of each month.

Bala n c e Sh eet O c t.

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$253,056 50
Loans on shares, .
7,295 00
Temporary expense account,
333 87
Unpaid interest,
2,947 97
Unpaid premiums,
175 10
Unpaid fines, .
.
.
.
245 37
Office furniture,
150 00
Cash in hands of treasurer, .
31,848 17

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

$296,051 98

$238,293
46,230
6,833
424
377
158
1,146
2,587

00
67
77
03
69
81
88
13

$296,051 98

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1 8 9 9 .
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, 1898, .


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

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

$62,900
15,422
983
659
3
53,525
6,825
269
8,097

00
17
44
29
50
00
00
83
63

$148,685 86

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, 1899,

$55,150
8,680
14,051
29,020
1,073
7,053
1,808
31,848

00
00
00
00
88
90
91
17

$148,685 86

247

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

No. 8 .]

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

Amount.

Rate.

$212,076 50
29,700 00
6,980 00

6.30 per cent.
6.60
«
6.90
“

L oans

R ea l E sta te .

$1,700 00
2,600 00

Sh a r e s .

Rate.

Amount.

Rate.

Amount.

on

7.20 per cent.
7.50
“

$1,600 00
5,395 00
300 00

6.30 per cent.
6.60
“
6.90
“

June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

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

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

$191
180
169
158
148
137
128
118
109
100
91
83
74
66
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

101
86
57
83
119
82
145
165
63
96
128
207
164
169
279
282
207
372
353
457
537
630
461

77
36
27
47
02
88
04
48
25
27
57
13
93
97
24
74
46
39
52
85
38
10
00

.

#

Total
Value.

Shares in
Force.

D a te of
I ssue.

Value',per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$19,368
15,510
9,648
13,153
17,614
11,306
18,565
19,549
6,882
9,625
11,720
17,207
12,288
11,317
16,527
14,590
9,203
13,909
10,773
10,899
9,333
6,993
2,305

77
96
39
01
38
16
80
20
75
92
96
91
52
93
96
68
22
08
56
45
06
00
00

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

46,230 67
4,169 00

397 00
$288,692 67

Total,

Number of shares issued during the y e a r , ................................................1,147
Number of shares now in f o r c e , ................................................................... 5,243
Number of shares now borrowed u p o n ,.......................................................... 1,548
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ......................................... 559
Number of shares retired during the year........................................................... 360
Highest rate of premium or interest received on money sold during the year :
7 5-10 per cent.
Lowest rate of premium or interest received on money sold during the year:
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent,
66
Number of members withdrawn during the year, .
521
Present number of m e m b e r s ,.................................................
150
Present number of borrow ers,.................................................
371
Present number of non-borrowers...........................................
130
Number of loans secured by first mortgage o f real estate,
38
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. 31,1899,
Date of examination by commissioner : January 6.


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

$238,293 00

$288,692 67

$5,000 00
50 00
1,808 91

248

REPORT OF THE

[Pub. Doc.

W A V E R L E Y C O -O P E R A T IV E B A N K — B E L M O N T .
Incorporated April 4, 1896.

Commenced business April 13, 1896.

G ustavus C. H olt , President.
U lysses S. Y oung , Secretary.
Ol iv e r M . D ennett , Treasurer.

Names of security committee:

J ohn P. B r a d b u r y ,
I saac H. L ocke ,
T homas W . D a v is .

Regular meetings the second Monday of each month.

B alance Sheet Oct.

A ssets.

31, 1899.

L ia b il it ie s .

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

$50,000
1,080
185
25
127

00
00
00
61
25
25
31 95
2,391 21

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

$53,841 27

$49,585
3,609
260
1
10

00
32
02
75
77
50
28 36
51 39
294 16

$53,841 27

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s.

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

From dues capital,
interest,
premiums, .
fines,
.
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .


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

^

1

$27,173
2,594
32
111
2
11,950
1,425
85
606

00
14
97
70
50
00
00
55
17

$43,981 03

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1899,

$32,900
1,330
6,734
350
240
35
2,391

00
00
00
57
25
00
21

$43,981 03

No. 8 .]

SA Y IN G S B A N K C O M M IS S IO N E D .

249

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

Amount.

Rate.

$44,000 00

6.00 per cent.

Real E sta te .

L oans

Amount.
$6,000 00

on

Sh a e e s .

Rate.

Amount.

Rate.

6.30 per cent.

$1,080 00

6.00 per cent.

1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8

$47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

74
46
39
52
85
38
10
00

Total
Value.

April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,

Shares in
Force.

D ate of
I ssue.

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

369
149
171
293
355
319
677
237

$17,616
6,028
5,709
7,770
7,046
4,268
4,806
237

06
54
69
36
75
22
70
00

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

$49,585 00
3,609 32
482 00

193 00
$53,676 32

Total,

$53,676 32

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,

1,103
2,570
, 346
. 25
504
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate o f premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, .
61
Present number o f m e m b e r s ,.................................................
323
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 , .................................................
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 endin
Date of examination by commissioner : November 6.


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

42
281
32
14
.
.
1^ f

$5,000 00
50 00
262 25

[Pub. Doc.

REPORT OF THE

250

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 attison , President.

C. M . N a s h , Secretary and Treasurer.

Names of security committee:
Louis E . P attison ,

J ames C ocks ,

J ohn J. L ove .
Regular meetings the second Thursday of each month.

B

alance

Sheet 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 fines, .
.
.
.
Cash in hands of treasurer, .

31, 1899.

$83,434
2,865
56
143
119
6
6
678

00
00
13
44
75
15
86
73

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

$72,282
12,377
1,263
62
12
87
797
427

00
93
34
82
45
51
00
01

$87,310 06

$87,310 06

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 31, 1899.

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,
forfeiture profits, .
forfeited shares, .
real estate by foreclosure, .
.
.
.
permanent expense account,
Cash on hand Oct. 31, 1898, .


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

$21,517
4,540
224
43
8,525
2,100
171
1
76

00
33
37
26
00
00
02
48
44

626 00
24 00
540 27
$38,389 17

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, .
interest on retired shares,
Cash on hand Oct. 31, 1899,

$22,309
3,060
6,937
72
2,893
1,065
5
821
401
64
76
4
678

00
00
00
00
00
21
92
56
36
57
44
38
73

$38,389 17

No. 8.]

251

SAVINGS BANK COMMISSIONERS.

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R eal E state.

Rate.

$82,934 00

6.30 per cent.

$500 00

Sh a r e s .

Rate.

Amount.

Rate.

6.60 per cent.

$2,865 00

6.30 per cent.

Amount.

Amount.

on

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

1
2
3
4
5
6

7
8
9
10
11
12

13
14
15
16
17
18
19
20
21

$165
154
144
135
125
116
107
98
89
81
72
64
57
49
42
35
28
21
15
9
3

00
84
88
11
57
23
10
15
47
04
85
90
18
69
40
33
48
84
38
10
00

Dues paid in advance, .
Total,

•

Total
Value.

1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

Shares in
Force.

Series.

Da te of
I ssue.

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

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

53
2
82

$8,745
309
11,880
810
3,013
2,208
3,427
3,631
3,220
6,888
6,556
3,504
5,603
3,627
2,204
5,299
3,132
3,909
3,429
2,821
606

6

24
19
32
37
36
85
90
54
98
73
52
150
1 10

179
223
310
202

00
68
16
66
68
37
20
55
92
40
50
60
64
37
80
50
80
36
74
00
00

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

12,377 93
213 00

42 00
$84,872 93

Total,

Number of shares issued during the y e a r , ................................................. 540
Number of shares now in f o r c e , ........................................................... 1,917
Number of shares now borrowed u p o n ,........................................................... 551
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................212
Number of shares forfeited during the y e a r ,................................................. 4
Number of shares retired during the year,
.
.
.
.
.
.2 0
Highest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Lowest rate of premium or interest received on money sold during the year:
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
46
Number of members withdrawn during the y e a r , .......................................
Present number of members................................................................................... 273
81
Present number of borrow ers,...............................................................................
Present number of n on-borrow ers,..................................................................... 192
74
Number of loans secured by first mortgage of real estate,
20
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, 1899,
Date of examination by commissioner : June 12.


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

$72,282 00

$84,872 93

$4,100 00
25 00
401 36

252

R E P O R T O F TH E

[Pub. D oc.

W E I R 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.

Commenced business July 16, 1884.

G . A rth ur L incoln , President.
A lb e rt H . T etlow , Secretary.
T . P reston B urt , Treasurer.

Names of security committee:

J ohn H . D a l g l is h ,
W ar. N . P a r k e r ,
J ames O. D ean .

Regular meetings the sixteenth day of each month.

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

A ssets.

31,1899.

L ia b il it ie s .

Loans on real estate,
$>178,500 00
Loans on shares, .
3,350 00
Temporary expense account,
151 54
Unpaid interest,
1,039 75
Unpaid prem ium s,.
52 51
Unpaid fines, .
.
.
.
159 54
Cash in hands of treasurer, .
8,489 51

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , ........................................
Transfer fees,
Guaranty fund, .
Surplus,
.
.
.
.
Advance payments,

$191,742 85

$153,719
29,289
3,688
187
132
1
1.350
3.351
24

00
12
25
23
78
00
00
47
00

$191,742 85

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
advance payments,
Cash on hand Oct. 31, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

D is b u r s e m e n t s .

$38,790
10,632
540
391
3
42,800
5,150
271
6,909

00
75
36
93
00
00
00
50
83

$105,489 37

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, 1899,

$48,650
2,450
21,695
13,913
4,764
4,665
536
325
8,489

00
00
00
00
61
50
35
40
51

$105,489 37

No. 8.]

253

SAYINGS BANK COMMISSIONERS

Total Amount o f Loans at Specified Bates o f Interest.
L oans

on

L oans

R bal E state.

on

Sh a r e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$178,500 00

6.30 per cent.

-

-

$3,350 00

6.30 per cent.

1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

$189
178
167
157
146
136
127
117
108
99
90
82
73
65
58
50
43
36
29
22
16
10
4

80
52
62
03
67
74
05
51
28
30
59
14
93
97
24
74
46
39
52
85
38
10
00

57
6
88
16
77
105
67
42
27
81
42
312
211
118
113
230
202
139
111
286
299
344
453

T o t a l , .......................................

Total
Value.

Shares in
Force.

Series.

D ate of
I ssue.

July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$10,818
1,071
14,750
2,512
11,293
14,357
8,512
4,935
2,923
8,043
3,804
25,627
15,599
7,784
6,581
11,670
8,778
5,058
3,276
6,535
4,897
3.474
1,812

60
12
56
48
59
70
35
42
56
30
78
68
23
46
12
20
92
21
72
10
62
40
00

$184,119 12

Dues capital, as per general ledger,.
Profits capital, as per
general ledger, .
Unpaid dues,

29,289 12
1,111 00
—

Total,

Number of shares issued during the y e a r , ....................................... ......... 803
Number of shares now in f o r c e , ...........................................................3,426
Number of shares now borrowed u p o n ,................................................. 1,097
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 443
Number of shares retired during the year......................................................... 118
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent
39
Number of members withdrawn during the year, .
.
449
Present number of m e m b e r s ,....................................... 169
Present number of borrowers,.................................................
280
Present number of non-borrow ers,.......................................
151
Number of loans secured by first mortgage of real estate,
20
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, 1899,) *
Date of examination by commissioner: March 21.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$153,719 00

$184,119 12

$4,950 00
50 00
536 35

REPORT OF THE

254

[Pub. Doc

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.

A ugustus W . H olton , President.

O lin C. T o w le , Secretary and Treasurer.

Names of security comm ii tee:

A ugustus W . H olton ,
L ew k ll tn G l a d w in , Jr.,
E d w in D . A v e r y .
Regular meetings the third Monday of each month.

B a la n c e Sh e e t O c t.

A ssets.

31, 1899.

L ia b il it ie s .

Loans on real estate,
$171,243 87
Loans on shares, .
10,780 42
Temporary expense account,
399 71
Real estate by foreclosure, .
632 89
Suspense account, .
223 33
Unpaid interest,
4,072 42
Cash in hands o f treasurer, .
11,829 43

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
F i n e s , .......................................
Withdrawal profits,
Guaranty fund, .
.
.
.
.
Surplus,
Forfeited share account,
Matured share account,

$199,182 07

$159,853
30,111
2,996
42
24
2,035
135
3,179
803

86
74
75
82
08
11
22
45
04

$199,182 07

Detailed Statement o f Receipts and Disbursements fo r the Tear ending
Oct. 3 1 ,1 8 9 9 .
R e c e ip t s .

From dues capital,
interest,
fines,
.
.
.
.
real estate loans repaid,
share loans repaid,
withdrawal profits,
forfeited shares, .
matured share account,
Cash on hand Oct. 31, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

D is b u r s e m e n t s .

$45,614
10,374
149
36,340
13,092
79
542
21,241
3,966

50
41
07
50
20
39
85
02
79

$131,400 73

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 m atured,.
temporary expenses,
forfeited shares,
interest on retired shares,
interest on m a t u r e d
shares,
matured share account,
suspense account, .
Cash on hand Oct. 31, 1899,

$28.867
10,316
26,896
462
3,776
15,135
3,533
89
790
6,106
951
34
200

80
25
00
00
00
00
74
67
65
02
94
52
77

134
22,140
135
11,829

47
52
95
43

$131,400 73

No. 8.]

SAVINGS BANK COMMISSIONERS

255

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

R eal E st a te .

Amount.

Rate.

Amount.

$171,243 87

6.00 per cent.

-

L oans

Rate.

-

on

Sh a k e s .

Amount.

Rate.

$10,780 42

6.00 per cent.

12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

$195
184
173
163
153
143
133
124
115
106
97
89
81
73
65
58
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

71
67
72
49
36
42
79
51
41
54
97
63
52
63
95
46
16
02
10
36
78
36
10
00

Total
Value.

1887, .
1888,.
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .

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 a te of
I ssue.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

76
36
90
51
31
35
60
92
129
79
150
52
95
108
188
75
167
114
195
165
365
294
319
302

$14,873
6,648
15,652
8,337
4,754
5,019
8,027
11,454
14,887
8,416
14,695
4,660
7,744
7,952
12,398
4,384
8,543
5,018
7,234
5,009
8,679
5,103
3,540
1,510

96
12
80
99
16
70
40
92
89
66
50
76
40
04
60
50
72
28
50
40
70
84
90
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$159,853 86
30,111 74
4,611 14

27 00
$194,576 74

Total,

$194,576 74

Number of shares issued during the year.......................................................... 763
Number of shares now in f o r c e , ...........................................................3,268
Number of shares now borrowed upon..................................................... 1,365
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 869
Number of shares forfeited during the y e a r , ................................................. 16
Number of shares retired during the y e a r , ................................................. 25
Number of shares matured during the y e a r , ................................................. 105
Highest rate of premium or interest received on money sold during the year:
6 per cent.
Lowest rate of premium or interest received on money sold during the year:
6 per cent.
Rate of profits distributed: 1st term, 2| per cent.; 2d term, 2% per cent.
Number of members withdrawn during the y e a r , ........................................39
Present number of members....................................................................................... 523
Present number of borrow ers,.................................................................................. 259
Present number of non-borrow ers,........................................................................ 264
Number of loans secured by first mortgage of real estate,
.
.
. 155
Number of loans on shares.......................................................................................... 104
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 ,..............................................................................
5 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1899, .
1,001 94
Date of examination by commissioner : October 30.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

256

W EST

NEW TON

C O -O P E R A T IV E

BANK — W EST

NEW TON.
Incorporated June 16,1892.

Commenced business June 22, 1892.

M arcus M orton , President.
R oland F . G ammons , 2d, Secretary.
H enry L . W h itt le se y , Treasurer.
Names of security committee : •
C. M . W h it t l e s e y ,

J ames H . N ickerson ,
H en ry H . H unt .

Regular meetings the fourth Wednesday of each month.

B a la n c e Sh ee 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, .
Cash in hands of treasurer, .

31, 1899.

$47,930
360
55
1,951
7,459

00
00
17
76
42

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums...................................
F i n e s , .......................................
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Personal account,

$48,084
7,069
1,060
55
13
90
506
825
18
32

00
09
96
71
29
51
05
06
70
98

$57,756 35

$57,756 35

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.

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, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$14,970
3,169
175
137
14,100
170
293
1,836

00
30
60
93
50
00
00
98
58

$34,853 89

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
taxes, water rate, etc., .
interest refunded, .
premiums refunded,
fines refunded,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$14,275
230
11,244
1,387
217
30
10

00
00
00
07
39
31
00
50
20
7,459 42

$34,853 89

No. 8.]

SAYINGS BANK COMMISSIONERS.

257

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Rate.

L oans

R eal E state.

Rate.

Amount.
$700 00
300 00

6.30 per cent.
6.60
“

o o
o o

o o

CO

Amount.

O

on

6.9 0 per cent.
7.50
“

on

Rate.

Amount.
$360 00

Sh a r e s .

6.30 per cent.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

$109
100
91
83
74
66
59
51
44
37
30
23
17
11
5

Dues paid in advance, .
Total,

25
29
58
13
93
97
24
74
46
39
52
85
38
10
00

T ota l
V a lue.

1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

Shares in
F orce.

Series.

D ate op
I ssue.

June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,

V a lu e per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

110
99
25
58
54
43
69
38
45
70
84
91
85
119
277

$12,017
9,928
2,289
4,821
4,046
2,879
4,087
1,966
2,000
2,617
2,563
2,170
1,477
1,320
1,385

50
71
50
54
22
71
56
12
70
30
68
35
30
90
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$48,084 00
7,069 09
464 00

45 00
$55,617 09

Total,

$55,617 09

Number of shares issued during the y e a r , ................................................. 463
Number of shares now in f o r c e , ........................................................... 1,267
Number of shares now borrowed u p o n ,........................................................... 276
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year................................................. 384
Highest rate of premium or interest received on money sold during the year:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y e a r:
5 cents premium.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the year, .
.
.
.
.2 5
Present number of m e m b e r s ,.................................................................................. 168
Present number of borrow ers,.................................................................................... 40
Present number of n o n-borrow ers,.........................................................................128
Number of loans secured by first mortgage of real estate,
.
.
.3 8
Number of loans on s h a r e s , ...................................................................................... 2
Largest loan to any one member..................................................................................... $3,000 00
Smallest loan to any one m e m b e r ,...............................................................................
80 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
.
217 39
Date of examination by commissioner: December 21.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

258

[Pub. Doc

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 — B O ST O N .
Incorporated Feb. 1, 1881.
Ste ph e n F . W

Commenced business March 3, 1881.

President.
B e n j . H . J o n e s , Secretary.
E d w a r d M . B r e w e r , Treasurer.

oodm an,

Names of security committee:
E dw ard M. B rew er,

H en ry A . W

ood,

R . S. B a r r o w s .

Regular meetings the first Thursday o f each month.

B

alance

Sh e e t O c t.

A ssets.

31,1899.

Li a b i l i t i e s .

Loans on real estate,
$324,740 42
Loans on shares, .
46,550 00
Real estate by foreclosure, .
4,093 69
Unpaid interest,
754 69
Unpaid fines................................
110 04
Loan on public funds, .
15,000 00
Cash in hands of treasurer, .
1,989 46

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

.

$393,238 30

$318,245
67,169
2,813
4,940
39

00
22
42
84
82

$393,238 30

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

From dues capital,
interest,
fines....................................
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits,.
taxes repaid,
Cash on hand Oct. 31, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

D is b u r s e m e n t s .

$75,010
18,172
570
4
39,800

00
60
22
50
00

4,500 00

100 00
25,800 00
724 04
52
10 15
7,048 82

$171,740 85

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 m atured,.
temporary expenses,
forfeited shares,
interest on retired shares,
interest on m a t u r e d
shares,
taxes paid,
loan on public funds, .
real estate by foreclosure,
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$63,790
34,450
20,062
92
9,912
12,870
2,895

42
00
00
00
00
00
55
2 07
2,345 72
5,212 80
2,181 98
10 00
197 09

297
10
15,000
422
1,989

00
15
00
61
46

$171,740 85

N o. 8 .]

259

S A Y IN G S B A N K COM M ISSIONEKS

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R eal E state.

on

Sh a r e s .

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$324,740 42

5.00 per cent.

-

-

$46,550 00

5.00 per cent.

1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

14
15
16
17
18
19

20
21
22

81
136
97
116
117
106

$204
193
181
170
159
149
139
129
120

23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

97
12
67
61
90
52
45
62
13
110 88
101 91
93 20
84 73
76 49
68 53
60 79
53 26
45 95
38 84
31 91
25 19
18 67
12 30
6 08

Dues paid in advance, .
Total,

120

154
125
178
150
261
193
265

272
230
285
258
431
471
465
515
610
653

.
•

Total
Value.

Shares in
Force.

Series.

D ate op
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,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$16,602
26,264
17,621
19,790
18,708
15,849
16,734
19,961
15,016
19,736
15,286
24,325
16,352
20,269
18,640
13,981
15,179
11,855
16,740
15,029
11,713
9,615
7,503
3,970

57
32
99
76
30
12
00
48
25
64
50
20
89
85
16
70
10
10
04
61
35
05
00
24

Dues capital, as per general ledger,.
Profits capital, as per
genera] ledger, .
Unpaid dues,

67,169 22
1,701 00

368 00
$387,115 22

Total,

1,322
Number of shares issued during the year,
6,289
Number of shares now in force,
.
.
.
.
2,791
Number of shares now borrowed upon, .
2.5
Largest number of shares held by any one member,
595
Number o f shares withdrawn during the year,
23
Number of shares forfeited during the year, .
108
Number of shares retired during the year,
90
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2^ per cent. ; 2d term, 2t per cent.
91
Number of members withdrawn during the year, .
723
Present number of members......................................................
244
Present number of borrow ers,.................................................
479
Present number of non-borrowers,.......................................
129
Number of loans secured by first mortgage of real estate,
115
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, .
.
.
.
.
Amount of expenses of the corporation for the year endit
Date of examination by commissioner : July 18.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$318,245 00

$387,115 22

$5,000 00
50 00
2,181 98

[Pub. Doc,

REPORT OF THE

260

W E S T S O M E R V IL L E C O -O P E R A T IV E B A N K — S O M E R ­
V IL L E .
Incorporated Nov. 29,1890.
J. W a r r e n B a i l e y , President.

Commenced business Dec. 11, 1890.
O l iv e r H . P e r r y , Secretary and Treasurer.

Names of security committee :
L. E . M e r r y ,

E . S. S p a r r o w ,
D . E . R o b b in s .

Regular meetings the third Monday o f each month.

Balan ce Sh eet O ct.

A

31, 1899.

L ia b il it ie s .

ssets.

$167,500 00
Loans on real estate,
12,389 00
Loans on shares, .
9,366 73
Real estate by foreclosure, .
Unpaid interest,
576 20
11 40
Unpaid premiums,
Unpaid tines, .
.
.
.
83 32
Cash in hands of treasurer, .
8,776 35

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
F i n e s , ........................................
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$166,815 00
29,511 83
825 29
8 82
14 39
11 66
541 18
924 83
50 00
$198,703 00

$198,703 00

Detailed Statement of Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
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 foreclos­
ure, .
.
.
.
Cash on hand Oct. 31, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$45,522
9,588
139
283

00
39
24
23
50
26,550 00
8,455 00
345 77
786 50
2,450 07

$94,120 70

For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
forfeited shares,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$44,000
11,909
17,790
6,272
2,178
1,587
671
91
843
8,776

00
00
00
00
89
57
77
23
89
35

$94,120 70

No. 8.]

261

SAYINGS BANK COMMISSIONERS.

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R eal E state.

Rate.

$95,100 00
2,800 00
2,000 00
31,600 00

5.00 per cent.
5.25
“
5.75
“
6.00 “

$1,800 00
28,800 00
5,400 00

Sh a r e s .

Rate.

Amount.

Rate.

6.25 per cent.
6.30
“
6.60
“

$10,314 00
50 00
2,025 00

5.00 per cent.
5.75
“
6.00 “

Amount.

Amount.

on

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

1
2
3
4
5

6

134
154
119
174
135
137
75
91
129
229
207
239
109
259
355
328
379
533

$139
132
122
113
104
95

21
51
79
32
14
25
86 62
78 29
70 20
62 34
54 69
47 29
40 09
33 10
26 33
19 74
13 33
7 09
1 00

7

8
10
11
12
9

13
14
15
16
17
18
19

Dues paid in advance, .
Total,

•

•

210

.

Total
Value.

Shares in
Force.

Series.

D ate op
I ssue.

Dec., 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,
April, 1897,
Oct., 1897,
April, 1898,
Oct., 1898,
April, 1899,
Oct., 1899,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$18,654
20,406
14,612
19,717
14,058
13,049
6,496
7,124
9,055
14,275
11,320
11,302
4,369
8,572
9,347
6,474
5,052
3,778

14
54
01
68
90
25
50
39
80
86
83
31
81
90
15
72
07
97
210 00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$166,815 00
29,511 83
1,567 00

14 00
$197,893 83

Total,

$197,893 83

Number of shares issued during the y e a r , ................................................. 924
Number of shares now in f o r c e , ...........................................................3,996
Number of shares now borrowed u p o n ,................................................. 1,177
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year................................................ 606
Number of shares retired during the year,
.
.
.
•
•
.6 7
Highest rate of premium or interest received on money sold during the year:
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term,
per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the y e a r ,........................................50
Present number of m e m b e r s ,.................................................................................. 446
Present number of borrowers,.................................................................................. 101
Present number of non-borrow ers,........................................................................ 345
Number of loans secured by first mortgage of real estate,
.
.
.
74
Number of loans on s h a r e s , .................................................................................... 45
Largest loan to any one m e m b e r ,.............................................................................. $5,000 00
Smallest loan to any one member, .
.
.
.
.
.
.
.
.
15 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
671 77
Date of examination by commissioner : January 12.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

262

REPORT OF THE

[Pub. Doc.

W E S T S P R IN G F IE L D C O -O P E R A T IV E B A N K — W E S T
S P R IN G F IE L D .

Incorporated April 8, 1897.

Commenced business May 12, 1897.

C h a r l e s M cK e r n o n , President.
J o h n C. W
H e n r y E . S c h m u c k , Treasurer.

o rcester,

Secretary.

Names of security committee:
F red H . S ie l e y ,
T alcott A . R o ge rs, '
C harles A . E dgerton.

Regular meetings the second Wednesday of each month.

B a l a n c e S h e e t O c t . 31, 1899.

A ssets.

Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid fines, .
.
.
.
Cash in hands of treasurer, .

L ia b il it ie s .

$21,650 00
1,205 00
65 97

10 00

Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus,
.
.
.
.

$23,307
1,389
16
39

00
92
33
74

4 56
1,817 46
$24,752 99

$24,752 99

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

From dues capital,
interest,
fines, .
.
.
.
transfer fees,
real estate loans repaid,
share loans repaid,
security committee,
Cash on hand Oct. 31,1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

D is b u r s e m e n t s .

00
1,101 04
38 20
2 00
2,950 00
440 00
9 00

$14,673

2,154 19
$21,367 43

For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
forfeited shares,
Cash on hand Oct. 31, 1899,

$14,350
1,280
3,657
156

00
00
00
33
8 64
98 00
1,817 46

$21,367 43

No. 8.]

SAYINGS BANK COMMISSIONERS

263

Total Amount o f Loans at Specified Bates o f Interest.
L oans

on

Amount.

Rate.

$21,650 00

6.00 per cent.

R eal E sta te .

L oans

Amount.

Rate.

on

Sh a r e s .

Amount.
$1,050
90
15
40

00
00
00
00
10 00

Rate.

6.00 per cent.
6.66 “
7.20
7.50
7.80

“
“
“

.
.
.
.
.

1

2
3
4
5

$32
25
18
12

6

Dues paid in advance, .
Total,

33
52
85
38
10

Total
Value.

1897,
1897,
1898,
1898,
1899,

Shares in
Force.

Series.

D ate of
I ssue.

M ay,
N ov.,
M ay,
N ov .,
M ay,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

269
328
171
263
193

$8,696
8,370
3,223
3,255
1,177

•

77
56
35
94
30

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$23,307 00
1,389 92
136 00

109 00
$24,832 92

Total,

$24,832 92

Number of shares issued during the y e a r , ................................................. 520
Number of shares now in f o r c e , ........................................................... 1,224
Number of shares now borrowed u p o n ,...........................................................223
Largest number of shares held by any one member,
.
.
.
.
25
Number o f shares withdrawn during the y e a r , ........................................244
Highest rate of premium or interest received on money sold during the year:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 42
Present number of m e m b e r s ,.................................................................................. 206
Present number of borrow ers,.................................................................................... 39
Present number of non-borrow ers,.........................................................................167
Number of loans secured by first mortgage o f real estate,
.
.
.2 3
Number of loans on shares............................................................................................ 16
Largest loan to any one m e m b e r , ...............................................................................f 3,000 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, 1899, .
15 77
Date of examination by commissioner: July 28.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

REPORT OF THE

264

W H IT M A N

[Pub. Doc.

C O -O P E R A T IV E B A N K — W H IT M A N .

Incorporated March 6, 1889.
A mos S. S t e t s o n , President.

Commenced business March 11, 1889.
G e o k g e D . S o u l e , Secretary and Treasurer.

Names of security committee:
A r t h u r Co le m a n ,
G eorge D . Soule,
G eorge A . D o r r .

Regular meetings the second Monday of each month.

B a la n c e Sh e e t O c t .

A

ssets.

31,1899.

L ia b il it ie s .

Loans on real estate,
$108,550 00
Loans on shares, .
5,220 00
Permanent expense account,
50 00
Temporary expense account,
65 67
Real estate by foreclosure,
7,935 32
Unpaid interest,
36 21
Unpaid premiums,
8 70
Unpaid fines.................................
1 50
Mortgage,
.
.
.
.
650 00
Cash in hands of treasurer, .
3,104 10

Dues capital,
Profits capital (all series), .
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.

$125,621 50

$98,825
23,821
32
403
2,538

00
98
40
49
63

$125,621 50

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

"From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
forfeited shares, .
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

D is b u r s e m e n t s .

$21,926
6,260
420
388

00
27
85
05
50
9,100 00

1,800
2,350
342
1
113

00
00
75
99
59

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,
interest on retired shares,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$19,775 00
2,745 00
7,912 00
111 00
5,912 00
1,370 66
7 94
1,960 70
382 84
153 28
2,171 11
3,104 10

2,349 33
552 30
$45,605 63

$45,605 63

No. 8 .]

265

SA V IN G S B A N K CO M M ISSIO N ERS.

Total Amount o f Loans at Specified Bales o f Interest.
L oans

on

Loans

R eal E state.

Kate.

$90,150 00
13,950 00

6.30 per cent.
6.60
“

$2,150 00
2,300 00

Sh ar e s.

Amount.

Kate.

Amount.

Amount.

on

6.90 per cent.
7.20
“

$4,020
650
250
300

00
00
00
00

Rate.
6.30 per cent.
6.60
“
6.90
»
7.50
“

1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

$178
167
156
145
135
125
115
106
97
88
80
71
63
56
48
41
34
27
20
14
8
2

Dues paid in advance, .
Total,

•

83
69
80
63
87
22
49
50
85
20
58
67
83
72
92
63
132
103
142
169
214
137

40
09
24
64
35
38
67
32
28
55
10
90
94
22
72
44
37
51
85
38
10
00
.

Total
Value.

Shares in
Force.

Series.

D ate op
I ss u e .

M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$14,807
11,529
12,499
9,175
11,775
2,758
5,667
5,316
8,268
1,771
4,645
4,817
5,307
4,047
4,482
2,610
4,536
2,833
2,960
2,430
1,733
274

20
21
20
32
45
36
83
00
80
00
80
30
02
84
24
72
84
53
70
22
40
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

23,821 98
1,625 00

24 00
$124,271 98

Total,

404
Number of shares issued during the year,
1,940
Number of shares now in force,
646
Number of shares now borrowed upon, .
25
Largest number of shares held by any one member
230
Number of shares withdrawn during the year,
9
Number of shares forfeited during the year, .
51
Number of shares retired during the year,
Highest rate of premium or interest received on money sold during the year :
25 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
53
Number of members withdrawn during the year, .
324
Present number of m e m b e r s ,.......................................
111
Present number of borrowers,.................................................
213
Present number of non-borrowers...........................................
111
Number of loans secured by first mortgage of real estate,
32
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, .
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1899 » •
Date of examination by commissioner : March 21.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$98,825 00

$124,271 98

$4,800 00
20 00
486 28

266

[Pub. D oc.

R E P O R T O F TH E

W IN C H E N D O N C O -O P E R A T IV E B A N K -W I N C H E N D O N .

Incorporated Sept. 9, 1891.

Commenced business Sept. 16, 1891.

F red e r ic k W . R ussell , President.
W aldo C. C o rey , Secretary.
S ilas A . G reenwood , Treasurer.

Names of security committee:

A mos S. L a m b ,
John S w e et ser ,
B enjam in M . W r ig h t .

Regular meetings the third Wednesday of each month.

Ba 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,
.
Temporary expense account,.
Cash in hands of treasurer, .

31,1899.

$63,425
2,850
31
1,365

00
00
75
69

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
Fines.............................................
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$56,608
9,848
566
1
3
1

00
51
79
60
49
75
05
314 33
326 76
1 16

$67,672 44

$67,672 44

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .

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, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$15,877
3,851
13
89
4
12,160
2,680
75
1
459

00
44
40
29
25
00
00
53
46
97

$35,212 34

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,
Cash on hand Oct. 31, 1899,

$16,250
3,550
5,429
67
5,954
757
14
1,670
154
1,365

00
00
00
00
00
58
56
28
23
69

$35,212 34

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS

267

Total Amount of Loans at Specified Rates o f Interest.
L oans

on

Amount.

Rate.

$33,200 00
29,525 00

5.00 per cent.
6.00
“

L oans

R eal E sta te ,

Sh a k e s .

Rate.

Amount.

Rate.

7.20 per cent.

$2,430 00
420 00

5.00 per cent.
6.00
«

Amount.
$700 00

on

1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

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 10
2 00

Dues paid in advance, .
Total,

94
44
22
27
57
13
93
97
24
74
46
39
52
85
38

Total
Value.

Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,
M ar.,
Sept.,

Shares in
Force.

D a t e oe
I ss u e .

Value per
Share.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

113
98
32
37
29
34
23
48

$14,118
11,313
3,399
3,598
2,568
2,724
1,654
3,070
6,298
3,021
2,114
4,298
3,219
1,813
1,524
1,231
504

112

62
51
125
117
87
106
152
252

22
12
04
99
53
42
39
56
88
88
46
75
84
95
28
20
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$56,608 00
9,848 51
127 00

109 00
$66,583 51

Total,

$66,583 51

Number of shares issued during the y e a r , ................................................. 437
Number of shares now in f o r c e , ...........................................................1,478
Number of shares now borrowed u p o n ,...........................................................400
Largest number of shares held by any one member,
.
.
.
.
23
Number of shares withdrawn during the year................................................. 143
Number of shares forfeited during the y e a r , ................................................. 1
Number of shares retired during the y e a r , ................................................. 62
Highest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
5 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 percent.
Number of members withdrawn during the y e a r , ........................................29
Present number of m e m b e r s ,.................................................................................. 252
Present number of borrowers....................................................................................... 78
Present number of non-borrow ers,........................................................................ 174
Number of loans secured by first mortgage of real estate,
.
.
.
78
Number of loans on shares............................................................................................19
Largest loan to any one m e m b e r , .............................................................................. $2,500 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, 1899, .
154 23
Date of examination by commissioner : April 26.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

268

R E P O R T O F TH E

[Pub. D oc

W IN C H E S T E R C O -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 N ov. 13, 1893.

L . C. P attee , President.

T . B . Cotter , Secretary and Treasurer.

Names o f security committee:

G eorge A . F er n a ld ,
L . C. P attee .

T . B . C otter ,

Regular meetings the first Monday of each month.

B alance Sheet Oct. 31, 1899.

A ssets.

Loans on real estate,
Loans on shares, .
Demand loan secured by col­
lateral.........................................
Cash in hands of treasurer, .

L ia b il it ie s .

$87,050 00
5,725 00
7,500 00
291 65

Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
.
.
.
.
Profit and loss account,

.

$100,566 65

$88,593
11,174
250
250
299

00
16
00
00
49

$100,566 65

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .
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,.
demand collateral loan,
Cash on hand Oct. 31, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

D is b u r s e m e n t s .

$30,858
5,939
222
437
20,300
1,835
173
8
4,500
1,976

00
51
20
38
75
00
00
72
10
00
76

$66,251 42

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,
demand collateral lo a n ,.
Cash on hand Oct. 31,1899, .

$31,750
5,660
9,606
396
4,203
799
40
780
603
120
12,000
291

00
00
00
00
00
65
50
80
62
20
00
65

$66,251 42


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. D oc.

R E P O R T O F TH E

270

WOBURN

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.

James S k in n e r , President.

G ordon P a r k e r , Secretary and Treasurer.

Names of security committee :
H . C. H a l l ,

L aw rence R eade ,

T homas Salm on ,

J. H . P a r k e r ,
F . W . G reydon .

Regular meetings the second Thursday of each month.
B a la n c e Sh e e t O c t.

31, 1899.
L ia b il it ie s .

A sse ts.

$177,675 00
Loans on real estate,
Loans on shares, .
5,477 00
225 00
Permanent expense account,
61 64
Temporary expense account,
19.111 54
Real estate by foreclosure, .
1,213 40
Unpaid interest,
69 55
Unpaid premiums,
122 52
Unpaid fines................................
1,200 00
Mortgages,
.
.
.
.

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
Premiums, .
.
.
.
Fines.............................................
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Insurance, .
.
.
.
Receipts on account Novem­
ber meeting,

$163,072
35,140
950
54
35
76
24
2,688
461
7
11

00
21
26
15
70
51
89
95
83
16
50

2,632 49
$205,155 65

$205,155 65

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 31, 1899.
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,
real estate loans eliminated by foreclosure,
real estate loans eliminated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
real estate by foreclosure,
temporary expense,
insurance, .
on account November
meeting, .
Cash on hand Oct. 31, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$45,359
12,222
725
575
6
35,000

00
07
82
24
00
00

16,600 00

2,000
8,655
787
72

00
00
33
50

7,278 80
60 85
35 00

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,
interest on retired shares,
real estate by foreclosure,
insurance,
mortgages,
surplus, .
.
.
.

$43,895
7,200
17,537
1,977
31,771
1,380
3,131
290
9,155
646
1,150
565
16,227
23
1,200
363

00
00
00
00
00
00
80
06
77
60
30
09
07
50
00
91

2,632 49
4,504 00
$136,514 10

$136,514 10

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS

271

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

L oans

R eal E sta te .

Amount.

Amount.

Kate.

$163,925 00
10,550 00

6.30 per cent.
6.60
“

Amount.

Kate.

$3,200 00

on

6.90 per cent.

$5,477 00

Sh ar e s.

Kate.
6.30 per cent.

$191
179
167
156
146
135
125
115
106
96
87
79
71
63
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

•

18
35
93
86
15
69
55
71
18
97
96
45
12
07
28
73
43
36
50
85
38
10
00

3
87
90
12
14
126
92
130
103
159
93
243
134
221
35
47
248
197
195
322
708
194
15
.

Total
Value.

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

Shares in
Force.

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, .
April, 1897, .
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

D a te of
I ssue.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

$573
15,603
15,113
1,882
2,046
17,096
11,550
15,042
10,936
15,418
8,180
19,306
9,530
13,938
1,934
2,243
10,026
6,571
5,167
6,391
9,473
1,377
15

54
45
70
32
10
94
60
30
54
23
28
35
08
47
80
31
64
92
50
70
04
40
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$163,072 00
35,140 21
1,569 00

361 00
$199,781 21

Total,

$199,781 21

Number of shares issued during the year..........................................................521
Number of shares now in force,
.
........................................3,468
Number of shares now borrowed upon..................................................... 1,072
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the y e a r , ....................................... 400
Number of shares forfeited during the y e a r , ................................................. 87
Number of shares retired during the y e a r , ................................................. 360
Number of shares matured during the year..................................................... 10
Highest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Lowest rate of premium or interest received on money sold during the y e a r:
5 per cent.
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the y e a r , ....................................... 40
Present number of m e m b e r s ,.................................................................................. 548
Present number of borrowers,.................................................................................. 152
Present number of non-borrow ers,........................................................................ 396
Number of loans secured by first mortgage of real estate,
.
.
. 155
Number of loans on s h a r e s , .................................................................................... 21
Largest loan to any one m e m b e r ,.............................................................................. $4,200 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, 1899, .
1,089 45
Date of examination by commissioner : February 20.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Pub. D oc.

R E P O R T OF TH E

272

W O L L A S T O N C O -O P E R A TIV E B A N K — Q U IN C Y
(W O L L A S T O N ).
Incorporated April 8, 1889.

Commenced business April 16, 1889.

Sm ith B . H arhington , President.

H erbert W . P in k h a m , Secretary and
Treasurer.

Names of security committee:

Q uincy A . F aunce ,
G eorge E . T homas ,
H erbert T . W h itm a n .

Regular meetings the third Tuesday of each month.

B a l a n c e Sh e e t O c t.

31,1899.

L ia b il it ie s .

A ssets.

$188,925 00
Loans on real estate,
14,405 00
Loans on shares, .
5,320 47
Real estate by foreclosure, .
431 33
Unpaid interest,
19 45
Unpaid premiums,
120 06
Unpaid fines, .
.
.
.
6,882 48
Cash in hands of treasurer, .

Dues capital,
Profits capital (all series), .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Retired share account, .

$180,023 00
33,764 84
75
219 05
1,275 00
798 71
22 44
$216,103 79

$216,103 79

Detailed Statement o f Receipts and Disbursements fo r the Year ending
Oct. 3 1 ,1 8 9 9 .

R

From dues capital,
interest,
premiums, .
fines, .
.
.
.
transfer fees,
real estate loans repaid,
real estate loans eliminated by foreclosure,
share loans repaid,
withdrawal profits,
forfeiture profits,.
retired share account,.
rents, .
.
.
.
real estate by foreclosure, .
.
.
.
Cash on hand Oct. 31, 1898, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

D is b u r s e m e n t s .

e c e ip t s.

$55,505
11,827
757
484
5
36,625

00
79
75
21
50
00

8,500
11,620
706
19
22
159

00
00
39
97
44
35

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,
interest on retired shares,
real estate by foreclosure,
expense on real estate, .
Cash on hand Oct. 3 1 ,1 8 9 9 ,.

$65,850
12,085
20,427
837
19,229
2,829
80
6,179
1,523
275
8,167
219
6,882

00
00
00
00
00
24
20
31
36
67
99
74
48

9,846 51
8,506 08
$144,585 99

$144,585 99

No. 8 .]

273

SA V IN G S B A N K COM M ISSION ERS

Total Amount o f Loans at Specified Rates o f Interest.
L oans

on

Amount.

Rate.

$161,825 00
24,350 00
1,800 00

6.30 per cent.
6.60
“
6.90
“

R eal E sta te .

L oans

Amount.

Rate.

$600 00
350 00

on

Amount.

7.50 per cent.
7.80
»

$12,130
975
800
350
150

00
00
00
00
00

Sh a k e s .

Rate.
6.30 per cent.
6.60
“
6.90
«
7.20
»
7.80
“

$179
168
157
146
136
125
116
106
97
88
79
71
63
55
48
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

94
46
33
52
06
92
11
61
42
48
86
51
44
60
01
65
52
61
91
41
11
00

Total
Value.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

Shares in
Force.

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, .
April, 1897,.
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .

Value per
Share.

Date op
I ssce.

Series.

Reconciliation o f Share Account with Dues and Profits Capital.

54
56
48
48
75
51
76
129
103
56
226
180
238
187
307
274
471
339
483
431
661
538

$9,716
9,433
7,551
7,032
10,204
6,421
8,824
13,752
10,034
4,954
18,048
12,871
15,098
10,397
14,739
11,138
15,787
9,020
9,616
5,779
4,699
538

76
76
84
96
50
92
36
69
26
88
36
80
72
20
07
10
92
79
53
71
71
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

$180,023 00
33,764 84
1,971 00

95 00
• $215,758 84

Total,

$215,758 84

N umber of shares issued during the y e a r , ....................................... 1,408
Number of shares now in f o r c e , ........................................................... 5,031
Number of shares now borrowed upon, .
.
.
.
.
1,371
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 719
Number of shares forfeited during the y e a r , ................................................. 44
Number of shares retired during the y e a r , ................................................. 186
Highest rate of premium or interest received on money sold during the year:
5 cents premium.
Lowest rate of premium or interest received on money sold during the y e a r:
5 cents premium.
Rate of profits distributed: 1st term, 3J per cent.; 2d term, 3| per cent.
Number of members withdrawn during the year............................................ 104
Present number of m e m b e r s ,.................................................................................. 560
Present number of borrow ers,.................................................................................. 148
Present number of non-borrow ers,........................................................................ 412
Number of loans secured by first mortgage of real estate,
.
.
. 127
Number of loans on s h a r e s , .................................................................................... 80
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 ,...............................................................................
20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
1,563 36
Date of examination by commissioner : January 13.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

R E P O R T O F TH E

274

[Pub. D oc

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 tephen C. E a e l e , President.

T . J. H astings , Secretary and Treasurer.

Names of security committee:

H enry B rannon ,

H. H . B ig e l o w ,
M . S. B e am an .

Regular meetings the third Monday of each month.

Balance S heet Oct. 31, 1899.

A ssets.

L ia b il it ie s .

Loans on real estate,
$393,065 00
Loans on shares, .
11,640 00
Temporary expense account,
286 95
Real estate by foreclosure, .
7,859 54
Unpaid interest,
199 32
Cash in hands of treasurer, .
8,011 36

Dues capital,
Profits capital (all series), .
Fines............................................
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,

$421,062 17

$345,719
66,158
92
4,340
4,476
274

00
95
89
00
87
46

$421,062 17

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

D is b u r s e m e n t s .

From dues capital,
$105,819 00
interest,
27,347 95
fines, .
.
.
.
805 03
transfer fees,
14 25
real estate loans repaid,
134,025 00
real estate loans eliminated by foreclosure,
1,400 00
real estate loans eliminated by maturity of
shares,
7,550 00
share loans repaid,
7,520 00
withdrawal profits,
652 63
forfeiture profits,.
5 51
forfeited shares, .
197 08
expense account,.
74 25
rent,
.
.
.
.
384 40
real estate by forecloslire, .
.
.
.
4,466 30
Cash on hand Oct. 31, 1898, .
1,836 49


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$292,097 89

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,
forfeited shares,
.
interest on retired shares,
profit and loss account,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,

$96,950
8,665
42,829
336
66,101
30,665
5,795
27
13,853
13,482
2,078
252
910
843
1,296
8,011

00
00
00
00
00
00
20
41
72
01
18
94
63
82
62
36

$292,097 89

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS

275

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$281,565
49,550
11,450
18,300
6,950
13,350
4,950

on

Rate.

00
00
00
00
00
00
00

L oans

Amount.

6 per cent.
ii
6i
it
it

6*
6h

R eal E state.

ii
a

$5,200
400
1,000
150
100
100

Rate.

00
00
00
00
00
00

10
10$

ii
it
ii

a

6f

Sh a r e s .

Amount.

7 per cent.
ii
n
it
7A
71

on

$10,320
160
85
450
350
150
125

00
00
00
00
00
00
00

Rate.
6 per cent.
ii
6è
6¿

6$
6*
7
7J

ii
ii
ii
ii
ii

17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

$188
176
165
154
144
134
124
114
105
96
87
79
71
63
55
47
40
33
26
19
13
7
1

Dues paid in advance, .
Total,

•

•

05
48
34
58
16
04
23
69
44
45
72
24
01
05
31
78
49
40
53
86
39
10
00

Total
Value.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Shares in
Force.

Series.

D a te of
I ssue.

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,
O c t, 1895,
April, 1896,
Oct., 1896,
April, 1897,
Oct., 1897,
April, 1898,
Oct., 1898,
April, 1899,
Oct., 1899,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

96
110
95
114
94
173
206
149
76
64
112
446
484
544
345
409
578
677
698
731
837
938
857

$18,052
19,412
15,707
17,622
13,551
23,188
25,591
17,088
8,013
6,172
9,824
35,341
34,368
34,299
19,081
19,542
23,403
22,611
18,517
14,517
11,207
6,659
857

.

80
80
30
12
04
92
38
81
44
80
64
04
84
20
95
02
22
80
94
66
43
80
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

66,158 95
3,105 00

349 00
$414,982 95

Total,

Number of shares issued during the y e a r , ........................................1,979
Number of shares now in f o r c e , ........................................................... 8,833
Number of shares now borrowed upon......................................................2,356
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,256
Number of shares forfeited during the year, .
."
.
.
.1 9
Number of shares retired during the y e a r , ................................................. 861
Number of shares matured during the y e a r , ................................................. 221
Highest rate of premium or interest received on money sold during the y ea r:
6J per cent.
Lowest rate o f premium or interest received on money sold during the y ea r:
6 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3J per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$345,719 00

$414,982 95


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS

277

W O R K IN G M E N ’S C O -O P E R A TIV E B A N K — BOSTON.

Incorporated June 9, 1880.

Commenced business June 11,1880.

R obert T reat P a in e , President.

F ran k E . B urbank , Secretary.

F rancis B. S ears , Treasurer.

Names of security committee:

J ames L. P ope ,

J ames D. M cL e ll a n ,
W il l ia m H. T a r b o x .

Regular meetings the second Friday of each month.

B a l a n c e Sh e e t O c t .

A

L ia b il it ie s .

ssets.

$799,925 00
Loans on real estate,
41,400 00
Loans on shares, .
913 45
Temporary expense account,
19,761 16
Real estate by foreclosure, .
9,473
44
Mortgages,
.
.
.
.
13,549 44
Personal accounts,.
35 65
Rent account,
340 32
Office furniture,
6,177 65
Cash in hands of secretary, .
30,662 09
Cash in hands of treasurer, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

31, 1899.

$922,238 20

Dues capital,
Profits capital (all series), .
Interest,
.
.
.
.
F i n e s , ........................................
Withdrawal profits,
Guaranty fund, .
Surplus,
.
.
.
.
Forfeited share account,
Security committee,
Retired share account,.
Matured share account,
Personal accounts,

$764,161
136,798
3,874
112
843
6,207
5,669
314
205
2,811
962
276

00
48
36
47
84
00
47
94
83
62
48
71

$922,238 20

REPORT OF THE

278

[Pub. Doc,

Detailed Statement o f Receipts and Disbursements for the Year endinq
Oct. 3 1 ,1 8 9 9 .

R e c e ip t s .

D is b u r s e m e n t s .

From dues capital,
$209,355 00
interest,
47,546 42
fines,
.
.
.
.
2,218 27
real estate loans repaid,
130,200 00
real estate loans elimi19,050 00
nated by foreclosure,
real estate loans eliminated by maturity of
shares,
10,100 00
23,400 00
share loans repaid,
withdrawal profits,
3,260 13
profits capital,
2 19
forfeited shares, .
134 36
retired share account, .
70,091 11
rents, .
.
.
.
1,041 25
matured share account,
38,613 35
8,111 39
personal accounts,
mortgages, .
21,896 48
security committee,
319 50
pass book examination,
337 34
real estate by foreclosure, .
.
.
.
22,279 92
claim settled,
460 30
Cash on hand Oct. 31, 1898, .
12,146 65

For real estate loans, .
$174,575 00
share loans, .
36,950 00
dues capital withdrawn,
79,143 00
dues capital forfeited, .
2,378 00
dues capital retired,
56,073 00
dues capital matured, .
33,527 00
profits capital withdrawn,
12,864 20
profits capital forfeited,.
269 29
profits capital retired, .
13,863 03
profits capital matured,
15,507 80
temporary expenses,
4,509 59
matured share account,
37,650 87
forfeited shares,
.
14 36
interest, .
.
.
.
294 58
fines,
.
.
.
.
10 67
real estate bv foreclosure,
15,896 16
mortgages,
20,784 29
retired share account, .
67,501 27
personal accounts,
7,799 09
security committee,
676 66
withdrawal profits,
40
surplus, .
.
.
.
2,966 73
rent,
.
.
.
.
379 94
office furniture,
88 99
Cash on hand Oct. 31, 1899,
36,839 74

$620,563 66

$620,563 66

Total Amount o f Loans at Specified Rates o f Interest.
L oans

Amount.
$492,275
62,850
74,000
6,050
96,250
19,100

00
00
00
00
00
00

on

R eal E state.

L oans

Rate.

Amount.

Rate.

5.00 per cent.
5.25
“
5.50
“
5.75
“
6.00 «
6.25
“

$22,350 00
18,250 00
6,000 00
1,000 00
900 00
900 00

6.30 per cent.
6.60
“
6.90
“
7.00 “
7.20 “
7.25
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

I

$31,800
2.400
1.400
1,600
2,950
150
300
450

00
00
00
00
00
00
00
00
200 00
150 00

on

Sh a r e s .

Rate.
5.00 per cent.
5.25
“
5.50
“
5.75
“
6.00 «
6.25
“
6.50
«
6.30
«
7.00
“
8.00 “

No. 8.]

SAYINGS BANK COMMISSIONERS

279

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
48
49
50
51
52
53
54

$197
184
173
161
150
140
130
120

08
93
19
87
94
37
13
25
110 71
106 07
101 50
96 99
92 57
88 21
83 94
79 76
75 62
71 56
67 55
63 61
59 72
55 89
52 14
48 43
44 79
41 18
37 65
34 15
30 73
27 35
24 04
20 77
17 54
14 35
11 20
8 09
5 02
2 00

•

•

138
185

$27,197
34,212
20,782
20,233
20,225
22,739
40,470
36,796
33,655
23,335
31,465
40,541
32,029
15,348
15,696
38,284
40,607
23,328
37,557
39,247
27,112
34,651
22,368
29,154
24,276
23,554
19,352
31,725
14,443
12,061
14,736
6,978
12,120
12,341
9,856
7,701
5,080
2,394

120
125
134
162
311
306
304

220
310
418
346
174
187
480
537
326
556
617
454
620
429
602
542
572
514
929
470
441
613
336
691
860
880
952

1,012
1,197

04
05
80
75
96
94
43
50
84
40
00
82
22
54
78
80
94
56
80
37
88
80
06
86
18
96
10
35
10
35
52
72
14
00
00
68
24
00

Dues capital, as per general ledger,
Profits capital, as per
general ledger, .
Unpaid dues,

•

• $906,822 48

Total,

Number of shares issued during the y e a r , ........................................4,577
Number of shares now in force.................................................................... 18,070
Number of shares now borrowed u p o n ,................................................. 5,181
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
2,440
Number of shares forfeited during the year...................................................... 187
Number of shares retired during the y e a r , ................................................. 656
Number of shares matured during the y e a r , ................................................. 244
Highest rate of premium or interest received on money sold during the y ea r:
6 per cent.
Lowest rate of premium or interest received on money sold during the y ea r:
5 per cent.
Rate of profits distributed: 1st term, 1 5-16 per cent.; 2d term, 1 5-16 per
cent.; 3d term, 1 5-16 per cent.; 4th term, 1| per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$764,161 00
136,798 48
5,863 00

3,156 00

Dues paid in advance, .
Total,

Total
Value.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Shares in
Force.

Series.

D ate op
I ss u e .

June, 1888,
D ec., 1888,
June, 1889,
Dec., 1889,
June, 1890,
D ec., 1890,
June, 1891,
Dec., 1891,
June, 1892,
Sept., 1892,
D ec., 1892,
Mar., 1893,
June, 1893,
Sept., 1893,
Dec., 1893,
M ar., 1894,
June, 1894,
Sept., 1894,
Dec., 1894,
Mar., 1895,
June, 1895,
S e p t, 1895,
Dec., 1895,
M ar., 1896,
June, 1896,
Sept., 1896,
Dec., 1896,
M ar., 1897,
June, 1897,
Sept., 1897,
D ec., 1897,
M ar., 1898,
June, 1898,
S e p t, 1898,
Dec., 1898,
Mar., 1899,
June, 1899,
Sept., 1899,

Value per
Share.

Reconciliation o f Share Account with Dues and Profits Capital.

$906,822 48

280

REPORT OF THE

[Pub. Doc.

Number of members withdrawn during the y e a r ,........................................284
Present number of m e m b e r s ,..................................................................... 2,046
Present number of borrowers,.............................................................................. ......
Present number of non-borrowers.............................................................. 1,568
firs t m o r tg a g e o f r e a l e s ta te ,
.
.
. 436
Number of loans on s h a r e s , .............................................................................. ......
N u m b e r o f lo a n s s e c u r e d b y

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, 1899,
Date o f examination by commissioner : February 24.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$5,000 00
50 00
4,509 59

No. 8.]

281

SAYINGS BANK COMMISSIONERS

CONSOLIDATED BALANCE SHEET,
Oct.

81, 1899.

L ia b il it ie s .

A ssets.

$23,270,571 29

Loans on real estate,
Loans on shares,

1,109,349 42

.

Permanent expense account,

$22,034,824

Dues capital,
Profits c a p i t a l
series),

(a ll
4,057,313 08

10,436 71

153,657 04

Interest,
Temporary expense account,

14,212 96
Premiums,

Real estate by foreclosure,

.

Unpaid dues................................

5,245 81

.

890,604 57
25,874

00

Fines, .

.

.

5,412 32

.

51 25

Transfer fees,
Unpaid interest,

.

130,952 77

.

7,284 09

Withdrawal profits,
4,851 80

Unpaid premiums,

774

Forfeiture profits,
Unpaid fines, .

.

.

.

Loans on public funds, .
Mortgages.....................................
Sundry assets,

.

C a s h , .......................................

91,319 31
22,500

00

124,970 27

Guaranty fund,

241,170 50
183,131

.

22

13,608 44

Forfeited share account,

6,849 03

Advance payments,

17,570 78

13,659 63

Matured share account,

1,024,461 96

Retired share account,

6,327 58

Due on mortgage loans,

4,166 70
7,259 94

Sundry liabilities,
$26,744,647 30

Number of shares issued during the year,
Number of shares now in f o r c e , .......................................
Number of shares now borrowed upon, .
.
.
.
Number of shares withdrawn during the year,
Number o f shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured 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 non-borrowers...........................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , .................................................
Expenses for the year ending Oct. 31, 1899, .
Amount of profits credited to shares during the year, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

66

10,882 61
Surplus,

Notes and bonds of cities and
towns..........................................

86

$26,744,647 30

131,010
530,589
153,276
86,481
2,772
22,103
4,569
11,299
68,349
19,052
49,297
17,063
5,314
. $128,199 00
. 1,366,888 40

282

REPORT — SAVINGS BANKS.

[P. D. No

Total Amount o f Loans at Specified Bates o f Interest.

Bate.

5
ö 1-16
5.10
5 1-8
5 1-4
6.30
5 1-2
5.60
5 5-8
5.70
5 3-4

6
6 06
6 1-16
6.10
6.12
6 1-8
6.18

6.20
6.24

6 1-4
6.30
6.36
6 3-8
6.40
6.42
6.48
6.50
6.54
6.60
6 5-8

6.66

6.70
6.72
6 3-4
6.78
6 80
6.84
6 7-8

Real Estate Loans.

Share Loans.

Rate.

$5,363,925 40
2,200 00
4,300 00
11,050 00
434,889 42
64,650 00
1,092,481 88
10,500 00
700 00
65,000 00
93,065 00
5,339,295 64
225,363 71
200 00
14,650 00
306,925 66
146,005 00
13,775 00
8,900 00
26,975 00
144,136 35
7,577,586 34
26,000 00
45,450 00
5,700 00
5,100 00
39,200 00
148,731 00
7,600 00
1,367,863 00
25,900 00
4,950 00
200 00
10,083 25
14,725 00
2.300 00
2.300 00
7,700 00
500 00

$355,564 00

6.90
6.96
7


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

-

450 00
-

27,465 00
5,725 00
43,672 00
-

50 00
-

5,806 00
283,309 42
7,085 00
-

•

300
6,230
2,730
30

00
00
00
00

-

120 00
14,070 00
269,490 00
170 00
710 00
600 00
-

14,228
3,015
60
47,100

00
00
00
00

-

90
85
160
450

00
00
00
00

7.02
7.08
7 1-8
7.14
7.20
7 1-4
7.26
7.32
7 3-8
7.44
7 1-2
7.56
7 5-8
7 3-4
7.80
7 7-8
7.92

8

8.04

8.10
8.16
8 1-4
8.40
8.50
8.60
8.70
8 7-8
9
9.30
9.60

10
10 1-8
10.68

Real Estate Loans.

$331,630 00
2,650 00
14,650 00
1,200 00
2,900 00
3,850 00
1,600 00
117,320 00
1,550 00
150 00
800 00
1,400 00
200 00
92,954 64
250 00
450 00
1,050 00
14,640 00
150 00
900 00
500 00
100 00
14,300 00
700 00
200 00
850 00
100 00
1,350 00
50 00
200 00
600 00
150 00
100 00
100 00
100 00

Share Loans.

$3,890
50
5,090
80
70
325

00
00
00
00
00
00

3,015 00
350 00
20 00

6,405 00

_
130 00
470 00
230 00

100 00
70 00
25 00
180 00

50 00

-

35 00
$23,270,571 29

$1,109,349 42

STATEMENTS

Collateral Loan and Mortgage Loan

Investment Companies.


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

284

C O L L A T E R A L LO A N C O M PAN Y — BOSTON.

Incorporated April 5, 1859.
L u t h e r S. M o o r e , Cashier.

F r a n c is D . C o b b , President.

Directors :
F r a n c is D . C o b b ,
J o h n P. L t m a n ,
L uther

L aw rence T ucker,
J o h n 0 . S h a w , Jr.,
S. M o o r e .

S. S t il l m a n B l a n c h a r d , Director f o r State.
R o b e r t F . C l a r k , Director for the City o f Boston.

B alance Sheet Oct.

A

31,1899.

L ia b il it ie s .

ssets.

$437,831 50
Loans outstanding,
7,057 20
Cash on hand,
15,856 64
Expense,
.
.
.
.
2,411 06
General interest, .
4,418 40
State tax,
.
.
.
.
5,261 65
Rent................................................
13.000 00
City of Boston, M ass., bonds,*
21.000
00
Massachusetts bonds,* .
4,000 00
Boston & Maine R .R . bonds,*

Capital stock,
Reserve fund,
Notes payable,
Auction reserve, .
Interest,
.
.
Profit and loss,
Insurance fund, .

$510,836 45

* Investment of insurance fund.
Date of examination : December 29


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Federal Reserve Bank of St. Louis

.

.

$200,000 00
110,000 00
75,500 00
3,682 43
57,359 49
11,627 03
52,667 50

$510,836 45

/

No. 8.]

SAYINGS BANK COMMISSIONERS.

285

W O R C E S T E R C O L L A T E R A L L O A N A S S O C IA T IO N —
W ORCESTER.

Incorporated April 17, 1896.
H e n r y L . P a r k e r , President.

C h a r l e s E . B u r n h a m , Treasurer.

Directors:
L yman A . E l y ,
A . L. D . B uxton,
H enry L. P a r k e r ,
G eorge T. D e w e y ,
Charles E . B u rn h am .
J o h n T . B r i e r l y , Director f o r State.
D a n ie l P a r l i n , Director f o r the City o f Worcester.

B alance Sheet Oct. 31,1899.

A ssets.

Cash on hand,
Notes receivable, .
Capital in pledge department,
Office furniture,

L ia b il it ie s .

$3,275 56
43,909 01
1,200 00
541 74

Capital stock,
Risk fund, .
.
Guaranty fund, .
Fire risk fund,
Undivided profits,

.

.

$48,926 31

$45,000 00
545 76
2,000 00
283 00
1,097 55
$48,926 31

Pledge D epartment .

A ssets.

Cash,
.
Loans, .
Expenses,

.

.

L ia b il it ie s .

$211 21
867 90
129 80
$1,208 91

Date of examination : December 22.


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Federal Reserve Bank of St. Louis

Capital advanced,
Interest,
.
.

.

.

$1, 200 00
8 91
$1,208 91

[Pub. Doc

REPOET OF THE

286

W O R K I N G M E N ’ S L O A N A S S O C IA T IO N — B O S T O N .

Incorporated March 8, 1888.
R o b e r t T r e a t P a i n e , President.
R o b e r t T r e a t P a i n e , 2d, Treasurer.

F r a n c is B . S e a r s , Vice-President.
A r t h u r L y m a n , Clerk.

Directors :
E d m u n d B il l i n g s ,
H erbert Lym an,
H e n r y B. C a b o t ,
John H . S t o r e r ,
A r t h u r S. J o h n so n ,
J o se p h L e e ,
F r a n c is

A rthur L ym an,
J o h n F . M oor s ,
C h a r l e s L . Y ou n g ,
R o bert T r e a t P a in e ,
R o b e r t T r e a t P a i n e , Jr.,
R o b e r t T r e a t P a i n e , 2d,
Se a r s .

S a m u e l C a r r , Director for State.
C h a r l e s C. J a c k s o n , Director f o r the City o f Boston.

B alance Sheet Oct . 81, 1899.

L ia b il it ie s .

A ssets.

Loans, .
Cash on hand,
Expenses,

.

$178,147 94
5,464 90
876 10

$184,488 94

Date of examination : December 26,


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Federal Reserve Bank of St. Louis

Capital stock,
Notes payable,
Profit and loss,
Unclaimed balance,
State tax,
.
.
.
Interest,
.
.
.
Undivided profits,
Risk fund, .
.
.
Guaranty fund, .

.
.
.

$125,000
28,000
217
182
900
1,827
4,122
1,125
23,113

00
CO
44
77
00
78
92
00
03

$184,488 94

No. 8.]

287

SAYINGS BANK COMMISSIONERS

N A T IO N A L M O R T G A G E A N D

DEBENTURE

COM PANY—

BOSTON.

W . X . F u lle r , President.

C h arles A . R ogers , Treasurer.

B alance Sh eet O ct.

31, 1899.

L ia b il it ie s .

A ssets.

Loans secured by first liens on
$39,403 44
real estate.................................
Securities pledged for debent559,329 40
ure bonds, .
.
.
.
21,243 39
Matured interest due on same,
Commission notes secured by
29,730 17
second liens on real estate,.
Sixty shares capital stock of
National Mortgage and Debenture Company,taken in
1,500 00
settlement of claims, .
Real estate acquired by fore60,239 64
closure,
.
.
.
.
1,609 32
Other real estate, .
Furniture, fixtures and sup3,883 49
p l i e s , .......................................
Past due interest remitted for
28,011 50
but not paid to us,
554 31
Bills receivable,
501 79
Due from sundry persons,
62,889 84
Profit and loss account,.

Capital stock paid in, .
Guaranty fund, .
Suspense account,
Debenture bonds, outstandi n g , .......................................
Coupons on same not presented,
.
.
.
.
Certificates of deposit bearing interest (money borrowed),
.
.
.
.
Bills payable,
Due sundry persons, .

$808,896 29

$258,900 00
3,300 00
356 80
496,988 00
416 85
500 00
44,990 45
3,444 19

$808,896 29

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 of 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 ich ig an , —
Delta, Mackinaw, Schoolcraft; M innesota , — Murray, Pipestone; M issouri, — H o lt j

N ebrask a , — Butler, Dodge, Hayes, H olt; W yom ing , — Laramie.


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Federal Reserve Bank of St. Louis

288

R E P O R T — SA V IN G S B A N K S.

[P . D . No. 8.

Total amount of loans to date, a p p ro x im a tin g ,................................................. $3,500,000 00
Number and amount o f loans extended the past two years: Cannot
answer.
Total amount of loans unpaid and f Guaranteed: None.
outstanding,
.
.
.
.1 Unguaranteed: Cannot answer.
Total amount in process o f foreclosure : Cannot answer.
Total amount of debentures certified,.....................................................................
Less amount on hand and with a g e n t s , ...........................................................
Total liability for debenture bonds,


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Federal Reserve Bank of St. Louis

.....................................................................

501.988 00
5,000 00
496.988 00


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Federal Reserve Bank of St. Louis

APPENDIX.


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Federal Reserve Bank of St. Louis

STATUTES
OF TH E

(¡¡/ommomuotflt of JKassachusftis
R E L A T IN G TO

C O -O P E R A T IV E


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Federal Reserve Bank of St. Louis

RANKS.


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Federal Reserve Bank of St. Louis

STATUTES
R E L A T IN G TO

Co-operative B anks .
O R G A N IZ A T IO N .

(P . S ., C h a p t e r 117, S e c t i o n s 1, 2 , 3 , 4 .)
[A s amended by Acts o f 1890, Chapter 243, and Acts of 1883, Chapter 98.]

S e c t io n 1 .
Twenty-five or more persons who associ- corporations
.
.
.
.
.
for accumulaate themselves together by an agreement in writing with tion of savings
°
t
“
°
°
of members and
the intention o f forming; a corporation for the purpose o f lending funds
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 o f the board o f commissioners o f savings
banks, become a corporation upon com plying with the
provisions o f the three following sections.
Sect. 2.
The agreement shall set forth the fact that Agreement,
°
#
what to set
the subscribers thereto associated themselves with the forthintention o f forming a corporation; the name by which
the corporation shall be known ; the purpose for which it
is form ed; the town or city, which shall be within this
Commonwealth, in which it is located; and the limit o f
capital to be accumulated.
Sect. 3.
The name shall be one not previously in use Name,
by any existing corporation established under the laws o f
this Commonwealth, and shall be changed only by act o f
the General Court. The words “ co-operative bank”
shall form a part o f the name.
Sect. 4.
The provisions o f sections eighteen, twenty, corporation,
L
°
#
^
how organized.
and twenty-one o f chapter one hundred and six shall


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Federal Reserve Bank of St. Louis

A P P E N D IX .

VI

apply to such corporations, except that, in the certificate
signed by the secretary o f the Commonwealth, the limit
o f capital to be accumulated, as fixed in the agreement
o f association, shall be inserted, instead o f the amount o f
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 o f the certificate o f organization, shall be five
dollars.
C A P I T A L .

(P . S ., C h a p t e r 117, S e c t i o n 5 .)
Limit o f capital.

Flans of issuing
stock, etc.

The capital to be accumulated shall not ex­
ceed one million dollars, and shall be divided into shares
o f 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
o f a new series.
S ect. 5.

( A c t s o f 1 8 8 7 , C h a p t e r 2 1 6 , S e c t i o n 1.)
Limitation of
capital.

The limitation o f capital to be accumulated in any co­
operative bank now organized or hereafter formed under
the provisions o f chapter one hundred and seventeen o f
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.
O F F I C E R S .

(P . S ., C h a p t e r 117, S e c t i o n 6 .)
By-laws.
Officers to hold
office until suc­
cessors are
elected.

S e c t . 6.
The number, title, duties and compensation
o f the officers o f the corporation, their terms o f office, the


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Federal Reserve Bank of St. Louis

A P P E N D IX .

Y ll

time o f their election, as well as the qualifications o f elec­
tors, and time o f each periodical meeting o f the officers and
members, shall be determined by the by-la w s; but no
member shall be entitled to more than one vote at any
election. A ll 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.
( A c t s o f 1 8 8 5 , C h a p t e r 121, S e c t i o n 1.)

In any co-operative bank now or hereafter formed under
the provisions o f chapter one hundred and seventeen o f
the Public Statutes, the offices o f secretary and treasurer
may be held by one and the same person.
M

One person
may be both
secretary and
treasurer.

E E T I N G S .

(P . S ., C h a p t e r 117, S e c t i o n 7.)

The officers shall hold stated monthly meet­
ings. A t or before each o f 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 o f dues on each series shall commence from its issue.
S e c t . 7.

W

I T H D R A W

Monthly meet­
ings. Dues-

A L S .

( A c t s o f 1 8 8 7 , C h a p t e r 21 6, S e c t i o n s 2, 3 .)

2. A member may withdraw his unpledged
shares at any time by giving thirty days’ notice o f 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
lo w s : — From the amount then standing to the credit
o f the shares to be withdrawn there shall be deducted all
fines, a proportionate part o f any unadjusted loss, to­
gether with such proportion o f the profits previously
credited to the shares as the by-laws may provide, and
such shareholders shall be paid the balance: provided ,
Sect.


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Federal Reserve Bank of St. Louis

Withdrawal of
shares.

A P P E N D IX .

V ili

Directors may
retire unpledged
shares.

that at no time shall more than one-half o f the funds in
the treasury be applicable to the demands o f withdraw­
ing members without the consent o f the directors.
The directors may, at their discretion, under rules made
by them, retire the unpledged shares o f any series at
any time after four years from the date o f their issue,
by enforcing the withdrawal o f the sam e; but when­
ever there shall remain in any series, at the expiration
o f five years after the date o f its issue, an excess above
one hundred unpledged shares, then it shall be the duty
o f the directors to retire annually twenty-five per centum
o f such excess existing at said expiration o f five years
after the date o f its issue, so that not more than one hun­
dred unpledged shares shall remain in such series at the
expiration o f nine years from the date o f 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 o f this section the withdrawal o f 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 o f
their shares, less all fines and a proportionate part o f any
unadjusted lo s s ; provided also, that shares pledged for
share loans shall be treated as unpledged shares.
S H A R E S

Shares issued in
the name o f a
minor.

Shares held in
trust.

I N

N A M

E

O F

M IN O R S .

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, A cts o f 1887], by such minor,
the parent or guardian o f such minor, and in either case
payments made on such withdrawals o f shares shall be
valid. W hen a share or shares are held by any one in
trust for another, the name and residence o f 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 o f the
existence and terms o f such trust has been given in writSe c t. 3.


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Federal Reserve Bank of St. Louis

A P P E N D IX .

ix

in g to the corporation , in the event o f the death o f the
tru stee, such shares m a y be withdrawn b y the person for
w hom such deposit wTas m ade or b y his legal representa­
tiv es.
M A T U R IT Y

OF

SHARES.

(P . S., C h a p t e r 117, S e c t i o n 9 .)
[A s amended by A cts o f 1882, Chapter 251, Acts o f 1887, Chapter 216, Section 5, and
A cts of 1898, Chapter 247, Section 3.]

S e c t . 9.

W h e n each u npledged share o f a given series Shares, when

reaches the value o f tw o hundred dollars all paym ents o f ™a ure
dues thereon shall cease, and the holder th ereof shall be
paid out o f the funds o f the corporation tw o hundred d ol­

provided,

lars :

that at no tim e shall m ore than one h alf

o f the funds in the treasury be applicable to the paym ent
o f such m atured shares w ithout the consent o f the di­
rectors ; and

provided, further,

sh ares, either pledged

that when any series o f

or u npledged, reaches m atu rity

betw een the dates o f adjustm ent o f profits, or w henever
shares are retired betw een such dates, the holders o f such
shares shall, in addition to the value th ereof, be entitled
to interest for all fu ll m onths from the date o f the pre­
ceding adjustm ent to the tim e o f p ay m en t, at the rate at
which profits w ere distributed at said a djustm en t, and
that before pay in g m atured shares all arrears and fines
shall be deducted.
HOW

M ONEYS

M AY

BE

LENT

OR

IN V E S T E D .

(P . S ., C h a p t e r 117, S e c t i o n 10.)
[A s amended by A cts o f 1890, Chapter 78, and A cts o f 1896, Chapter 277.]

S e c t. 10.
r

T h e m on eys accum ulated, after due allowT,

11

.

Moneys to be
lent by monthl

ance tor all necessary expenses and the cancellation o f sales; how
l

i

ii

i

invested, if

snares, shall at each stated m o n th ly m eetin g be offered unsold,
to the m em bers according to the prem ium s bid b y them
for priority o f right to a loan.

E ach m em ber w hose bid

is accepted shall be entitled upon g iv in g p roper security
to receive a loan o f tw o hundred dollars for each un­
pledged share held b y h im , or

s u q Ii

fractional part o f tw o

hundred dollars as the b y -la w s m a y a llo w .


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Federal Reserve Bank of St. Louis

I f any m o n ey

X

A P P E N D IX .
b o offered for sale remains unsold the directors may in­
vest the same in any o f the securities named in the second
clause o f section twenty-one o f 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 o f 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 o f
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 E M IU M S

ON

LOANS.

(P . S ., C h a p t e r 117, S e c t i o n 11.)
Premiums.

Sect. 11.
Premiums for loans shall consist o f 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 o f the future
or ultimate value o f 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 o f said capital
as hereinafter provided.

IN T E R E S T

ON

LOANS.

(P . S ., C h a p t e r 117, S e c t i o n 12.)
Interest.

S e c t . 12.
A borrow ing 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
rep a id ; 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.


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Federal Reserve Bank of St. Louis

A P P E N D IX .

xi

( A c t s o f 1 8 8 2 , C h a p t e r 25 1, S e c t i o n 2 .)

A n y 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
o f interest in­
stead of
premium.

LOANS.
(P . S., C h a p t e r 117, S e c t i o n 13.)
[A s amended by Acts of 1894, Chapter 342.]

13. F or every loan made a note shall be given,
accompanied by a transfer and pledge o f the shares o f the
borrower, and secured by a mortgage o f 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 o f 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.
I f 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.


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Federal Reserve Bank of St. Louis

Security,

Neglect to offer
satisfactory
security to for.
feit right to
loan, etc.

A P P E N D IX .

X ll

if any, incurred ; and the money appropriated for such loan
may he re-loaned at the next or any subsequent meeting.
PAYMENT

OF

LOANS.

(P . S ., C h a p t e r 117, S e c t i o n 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 o f interest, premium, and fines in arrears, and
shall be given credit for the withdrawing value o f his
shares pledged and transferred as secu rity; and the bal­
ance shall be received by the corporation in full satis­
faction and discharge o f said lo a n : 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 settlem ent; 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.

( A c t s o f 1 8 8 7 , C h a p t e r 216, S e c t io n 4 .)
Partial payment
of loans on real
estate.

Partial payment o f loans on real estate made by any
co-operative bank may be received in sums o f fifty dollars
or any multiple th ereof; and for each two hundred dollars
so repaid one share o f stock shall be released from pledge.
( A c t s o f 1 8 9 4 , C h a p t e r 3 4 2 , S e c t i o n 2.)

Purchase of
money at 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 b y 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 o f said premium or
rate o f interest, signed by said borrowing member and the
secretary o f the bank, with the written approval o f the


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Federal Reserve Bank of St. Louis

A P P E N D IX .

X lll

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 o f 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 substitutution o f which the new loan is made.
F IN E S ,

F O R F E IT U R E

OF

SHARES,

ETC.

(P . S ., C h a p t e r 117, S e c t i o n s 15, 16.)
[A s amended by Acts o f 1882, Chapter 251, A cts of 1885, Chapter 121, Section 4, and
Acts of 1896, Chapter 285.]

15. Members who make default in the payment Fines,forfeiture
o f shares.
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 o f 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 A ccou n t,” to the credit
o f 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 o f the transfer, in the order o f his turn, out o f
the funds appropriated to the payment o f withdrawals.
A ll shares so forfeited or transferred shall cease to partici­
pate in any profits o f the corporation accruing after the
Se c t.


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Federal Reserve Bank of St. Louis

X IV

A P P E N D IX .
last adjustment and valuation o f
forfeiture.

Recovery of
loan.

shares

before

said

S e c t . 16.
I f 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.
( A c t s o f 1 8 9 5 , C h a p t e r 1 7 2 , S e c t i o n 1.)

Fines.

X o member o f 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 AND ACCOUNTS.
(P . S ., C h a p t e r 117, S e c t i o n 17.J

Books o f ac­
count. Duties
of treasurer,
etc.

S e c t . 17.
The general accounts o f every such corpo­
ration shall be kept by double entry. A ll 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. A ll moneys so received shall be originally
entered by the proper officer in a book to be called the


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Federal Reserve Bank of St. Louis

A P P E N D IX .

x v

“ cash-book,” to be provided by the corporation for the
purpose, and the entries thefein 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. A ll payments
made b y the corporation for any purpose whatsoever shall
be b y 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 o f their respective duties as
the by-laws may direct.

P R O F IT S

AND

LOSSES.

(F . S ., C h a p t e r 117, S e c t i o n 18.)

18. The profits and losses may be distributed
annually, semi-annually or quarterly to the shares then
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 o f distri­
bution. Losses shall be apportioned immediately after
their occurrence.
S

e c t

.


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Federal Reserve Bank of St. Louis

Distribution oi
profits and
losses.

A P P E N D IX .

XVI

GUARANTY

FUND.

( A c t s o f 1 8 8 5 , C h a p t e r 121, S e c t io n 2 .)
Guaranty fund
to be reserved
from profits.

A t each periodical distribution o f 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 o f its securities or
otherwise.
REAL

ESTATE:

HOW

A C Q U IR E D .

(P . S ., C h a p t e r 117, S e c t i o n 19.)
[A s amended by A cts of 1898, Chapter 247, Section 2.]
Corporation
may buy and
sell real estate.

19. A n y 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
or lease the real estate so purchased, and, on the sale
thereof, may take a mortgage in common form thereon
to secure the payment o f the whole or part o f the purchase
m oney. A ll real estate so acquired shall be sold within
five years from the acquisition o f the title thereto : pro­
vided, however, that the board o f commissioners o f savings
banks, may, upon the petition o f the security committee
o f any such corporation and for good cause shown, grant
an additional time for the sale o f the same.
S

e c t

.

S U P E R V IS IO N .

(P . S ., C h a p t e r 117, S e c t i o n 2 0 .)
Powers of sav­
ings bank
commissioners.

20. The commissioners o f savings banks shall
perform, in reference to every such corporation, the same
duties, and shall have the same powers, as are required o f
or given to them in reference to savings banks, and shall
annually make report to the general court o f such facts
S

e c t


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Federal Reserve Bank of St. Louis

.

xvii

A P P E N D IX .
and statements respecting such associations, and in such
forms as they deem that the public interest requires.
Every officer o f such corporation shall answer truly all
inquiries made, and shall make all returns required by the
commissioners.
ANNUAL

R ETURNS.

( A c t s o f 1 8 8 9 , C h a p t e r 15 9, S e c t i o n 2 .)
[A s amended by A cts o f 1895, Chapter 171.]

E very co-operative bank shall annually within thirty
days after the last business day o f October make a return
to the commissioners o f 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 o f 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.
W hen 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
A

n

A

ct

r e l a t iv e

EM PLOYEES
S A V IN G S ,

OF

AND

to

th e

S A V IN G S

cts of
bonds

BANKS

C O -O P E R A T IV E

of

AND

1896.]
treasurers

and

IN S T IT U T IO N S

FOR

BANKS.

S e c t i o n 1.
W henever, under the provisions o f section
fourteen o f chapter three hundred and seventeen o f the


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Federal Reserve Bank of St. Louis

Annual returns.
Penalty.

xviii

A P P E N D IX .
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
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 Com­
monwealth, 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 o f
the custodian that the original is in his possession, shall
be filed with the commissioners o f savings banks.
S e c t . 2.
The provisions o f section one shall also
apply to bonds o f 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.

[C h a p . 161, A
An

A

ct

r e l a t iv e

to

cts op
co

-o

1897.]

p e r a t iv e

b a n k s

.

No co-operative bank, nor any person acting in its
behalf, shall take or receive a fee, brokerage, commis­
sion, gift or other consideration for or on account o f a
loan made by or on behalf o f such corporation, other than
appears on the face o f the note or contract by which such
loan purports to be made ; but nothing herein contained
shall apply to any reasonable charge for services in the
examination o f property and titles and preparation and
recording o f conveyances to such corporation as security
for its loans. W hoever violates a provision o f this sec­
tion shall be punished by fine o f not less than one hundred
nor more than one thousand dollars.


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Federal Reserve Bank of St. Louis

xix

A P P E N D IX .

[C h a p . 247, A
An

A

ct

r e l a t iv e

to

cts op
co

-o

1898.]

p e r a t iv e

b a n k s

.

S e c t i o n 1.
The secretary and treasurer o f every co­
operative bank shall file with the board o f commissioners
o f savings banks an attested copy o f his bond, with a
certificate o f the custodian o f the bond that the original
is in his possession. Such officers shall notify said board
o f any change thereafter made in their bonds. I f any
such officer fails, within ten days from the date thereof,
to file a copy o f his bond or to notify the board o f any
change therein, as required by this act, he shall be liable
to a penalty o f fifty dollars. The board shall keep a
record showing when said bonds expire, and the changes
so notified ; and, whenever in its judgment it is necessary
for the security o f the shareholders, shall require a new
bond in such amount and with such sureties as said board
may approve. The secretary and treasurer o f every such
corporation shall give a new bond as often as once in
five years.


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Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

STATUTES
O F TH E

Commonteltlj of lïfessacjntsdts
R E L A T IN G TO

FOREIGN

CORPO RATIO N S

(Commonly known as Building and Loan Associations)

T

r a n s a c t in g


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Federal Reserve Bank of St. Louis

B

u s in e s s
of

C

in

M

assach u setts

o -o p e r a t iv e

B

an ks.

in

the

manner


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Federal Reserve Bank of St. Louis

[Chap. 310, A cts op 1890.]
A

n

A

ct

in

r e l a t io n

to

th e

b u s in e s s

of

co

-o

p e r a t iv e

B A N K IN G .

Be it enacted, etc., as follows:
S e c t i o n 1.
Except as is hereinafter provided, no per- [°n°kpaetrff^ ’e
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.
Sect. 2.
The board o f commissioners o f savings Foreign cor,
,
porations to
banks may authorize any such association or corporation make^a deposit
dulv 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 o f twenty-five thousand
dollars and thereafter a sum equal to fifteen per cent, o f
the deposits made in such association or corporation by
citizens o f the Commonwealth, the amount o f percentage o f
deposits so required to be determined from time to time by ^h^Bection
said board o f commissioners o f savings banks; or in lieu ^
‘ ¿6286,(^ecet8
thereof the whole or any part o f said sum may consist o f p‘ xxill-)
any o f the securities named in the first, second and third
clauses o f section twenty o f chapter one hundred and six­
teen o f 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 o f the
residents o f 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 Disposition of
moneys deor disposed o f only on the order o f some court o f competent posited.
* Repealed, and superseded by first, second and third clauses o f section 21, chapter
317. Acts of 1894.


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Federal Reserve Bank of St. Louis

APPENDIX.

X X IV

Examinations
by commis­
sioners.

Authority to
business may
revoked.

T o conform
with require­
ments within
sixty days.

Penalties.

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. F or the purpose o f 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. W henever, 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 o f this act shall, within sixty days after
such passage, conform to the requirements o f this act.
Se c t. 4.
W hoever violates any provision o f 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.
Se c t . 5.
This act shall take effect upon its passage.
[ Approved M ay 2 1 , 1890.


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Federal Reserve Bank of St. Louis

*

Section repealed by chapter 286, Acts of 1896.

APPENDIX.

[C h a p . 403, A
An

A

ct

to

BANKS

a u t h o r iz e

TO

PREVENT

CO R PO R AT IO N S

th e

cts op

1891.]

c o m m is s io n e r s

F O R E IG N

FROM

XXV

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 v in g s

B A N K IN G
IN

T H IS

COM M ONWEALTH.

Be it enacted, etc., as follows :

W henever, upon examination or otherwise, it is the corporations
opinion o f the board o f commissioners o f savings banks vented from
-1
_
0
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
loaning 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
m g herein contained shall prevent such association or real estate in
°
>
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 cts
A

n

A

ness

ct

OF

r e l a t iv e

to

th e

C O -O P E R A T IV E

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


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Federal Reserve Bank of St. Louis

APPENDIX.

XXVI

is hereby repealed ; p rovid ed , however, that any associa­
tion or corporation which at the passage ot this act is
duly licensed by the board of commissioners of savings
banks to transact business in this Commonwealth, under
the provisions of said section, may be allowed to continue
business, subject to all the conditions and restrictions of
such license and the provisions of said chapter three hun­
dred and ten as existing previous to the passage of this
act.
S e c t . 2.
This act shall take effect upon its passage.
I A pproved A p r il 1 4 , 1 8 9 6 .


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Federal Reserve Bank of St. Louis

IXDEX
TO SUBJECTS CONTAINED IN THE STATUTES RELATING TO
CO-OPERATIVE BANKS.

PAGE

Agreement of association ; what to set forth.......................................................................

v

Annual r e t u r n s , .......................................................................................
Authority of foreign corporations to do business may be revoked,

xvii
.

.

.

xx iv

Bids for loans m ay be a rate of interest,..............................................................................xi
Bonds of treasurers and e m p l o y e e s , .................................................................... xvii, x ix
Books and a c c o u n t s , ....................................... ................................................................... xiv
C a p i t a l , ........................................................................................................................................
Capital, limitation o

f , ........................................................................................................... v*

Capital, investments o f , ......................................................................................................................ix
Co-operative banking defined,.............................................................................................................. v
Co-operative banks must be incorporated,

.

.

.

•

•

•

xxiii

Distribution of profits and l o s s e s , ................................................................................................. xv
D u e s , ........................................................................................................................................
Examinations by c o m m issio n e r s,............................................................................................. xxiv
Fee, brokerage, commission, etc., not to be taken on account of loans.

Penalty,

xviii

Fines, d e fin e d ,.........................................................................................................................................
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 of shares,...............................................................................................................................
Guaranty fund............................................................................................................................................
How moneys m ay be lent or i n v e s t e d ,.........................................................................................ix:
Interest on l o a n s , ................................................................................................................................. x
Limitation of c a p i t a l , ...................................................................................................................... vi
L o a n s , ...................................................................................................................................................ix
Loans, bid for same may be a rate ofi n t e r e s t , ....................................................................... xi
Loans, partial payment of......................................................................................................................
Loans, payment o f , .............................................................................................................................. xii
Loans, premiums o n

, ........................................................................................................................x

Loans, recovery o f , ............................................................................................................................. xiv
Loans, security f o r , .......................................................................................


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Federal Reserve Bank of St. Louis

xi

xxviii

APPENDIX.
PAGE

Maturity of s h a r e s ,................................................................................................................................ ix
M e e tin g s ,.................................................................................................................................................. vii
Moneys, how lent or invested,............................................................................................................ ix
Name to include the words “ co-operative bank,” .

.

.

.

.

.

.

v

O f f i c e r s , ....................................................................................................................

vi

O r g a n iz a tio n ,...........................................................................................................

v

Partial payment of loans on real e sta te ,........................................................................................ xii
Payment of l o a n s , .............................................................................................................................. xii
Payments by the corporation,..........................................................

xv

P e n a lt ie s ,............................................................................................................................................. xx iv
Penalty for failure to make annual r e t u r n , ............................................................................xvii
Plans of issuing stock, e t c . , ............................................................................................................. vi
Powers of savings bank commissioners..........................................................................................xvi
Premiums on loans, ..................................................................................................................................x
Profits and losses, how distributed,.................................................................................................. xv
Purchase of money at a lower r a t e , ........................................................................................xii
Real estate, how a c q u i r e d , .......................................................................................................... xvi
Recovery of 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,

xxv
.

Retiring of s h a r e s , ....................................................................................................................
Secretary and treasurer may be one and same person, .

.

.

.

.

xx v i
viii

.

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 tr u st,...........................................................................................................
Shares in name of minors,

.

Shares, maturity o f , ....................................................................
Shares, retiring of,

.

.

.

ix

.

Stock, plans of issuing s a m e , .............................................................................. .........
W it h d r a w a ls ,.............................................................................


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Federal Reserve Bank of St. Louis

viii

.......................................................................................................... viii

viii
.

vi
vii

STATUTES
R E L A T IN G TO

MORTGAGE LOAN AND INVESTMENT
COMPANIES.


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Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

A . 1ST A C T
I N R E L A T IO N TO

MOETGAGE LOAN AND INYESTMENT COMPANIES.
(C h a pter 387, A c ts o f 1888.)

S e c t i o 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.
Sec t. 2.
Every such corporation may make loans of
money secured by deed of 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, of 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 of 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 : p r o v id ed , that nothing contained in this act shall


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Federal Reserve Bank of St. Louis

APPENDIX.

xxxii

be construed as authorizing such corporations to engage
in the business of title insurance.
S e c t . 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
of this act.
S e c t . 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.
S e c t . 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 of 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 :
p ro v id ed , all real estate purchased or acquired under the
provisions of this section shall be sold within five years
after such purchase or acquisition.
S e c t . 6.
Every such corporation may issue deben­
tures or bonds, to secure the payment of which, such cor-


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Federal Reserve Bank of St. Louis

APPENDIX.
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
of 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
of 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.
S e c t . 7.

T h e total am ount o f m ortgages guaranteed

and o f debentures or bonds issued b y any such corpora­
tion shall at no tim e be in excess o f ten tim es the amount
o f its capital stock actually paid in and its surplus.
S e c t . 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.
S e c t . 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.
S e c t. 10.
No such corporation shall be the purchaser
or holder o f any o f the shares o f its own capital stock ,
unless such purchase shall be necessary to prevent loss
upon a debt previou sly contracted in g oo d faith ; and stock


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Federal Reserve Bank of St. Louis

xxxiii

xxxiv

A P P E N D IX .

so purchased shall, within six months from the time of its
purchase, be sold or disposed of at public or private
sale.
S e c t . 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
of chapter one hundred and six of the Public Statutes shall
apply to and regulate the enforcement of this liability.
S e c t . 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, of 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 e c t . 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 e c t . 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,


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Federal Reserve Bank of St. Louis

APPENDIX.
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 : p rov id ed , 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 of a trial balance of its books, and shall
specify the different kinds of its liabilities and the differ­
ent kinds of its assets, stating the amount of 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.


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Federal Reserve Bank of St. Louis

XXXV


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Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

IN D IC E S.

GENERAL INDEX.
PAG E

General Remarks on Co-operative B a n k s , .......................................
General Remarks on Loan C o m p a n i e s , ........................................

iii
XX

General Remarks on Mortgage Loan and Investment Companies,

xxi

General Remarks on Foreign Building and Loan Associations, .

xx ii

Annual Reports of Co-operative B a n k s , ........................................
Aggregate Statement of Co-operative Banks,

.

.

.

.

2 -2 8 0
281, 282

Annual Reports of Loan C o m p a n ie s ,.................................................

2 84 -28 6

Annual Reports o f Mortgage Loan and Investment Companies, .

287, 288

A P P E N D IX
PAGE

Statutes relating to Co-operative Banks,

.

.

.

.

Statutes relating to Mortgage Loan and Investment Companies,


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Federal Reserve Bank of St. Louis

I nd ex

to the

A nnual R etorts

Alphabetically by Location.]

C O -O P E R A T IV E B A N K S .

Adams,
Amesbury, .
Arlington, .
Athol..................................
Attleborough,
Baldwinville,
Beverly,

Boston,

Brockton,
Brookline, .
Cambridge, .
Cambridgeport,

.

Canton,
Chelsea,
Clinton,
Danvers,
Dedham,
East Cam bridge,.
Everett,
Fall River

Fitchburg,

PAGE

CORPORATE NAME.

LOCATION.

.

Foxborough,
Franklin,
Gardner,


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Federal Reserve Bank of St. Louis

4
8
10
12

Adams Co-operative Bank,
Amesbury Co-operative Bank, .
Arlington Co-operative Bank, .
Athol Co-operative Bank, .
Attleborough Co-operative Bank,
Baldwinville Co-operative Bank,
Beverly Co-operative Bank,
Allston Co-operative Bank,
Boston Co-operative Bank,
Dorchester Co-operative Bank, .
Enterprise Co-operative Bank, .

17
19
23
6
25
52
56
69
82
91

Federal Co-operative Bank,
Germania Co-operative Bank, .
Guardian Co-operative Bank, .
Highland Co-operative Bank,
Homestead Co-operative Bank, .
Merchants’ Co-operative Bank, .
M t. Washington Co-operative Bank, .
Pioneer Co-operative Bank,
Roslindale Co-operative Bank, .
Roxbury Co-operative Bank,
Suffolk Co-operative Bank,
Volunteer Co-operative Bank, .
W est Roxbury Co-operative Bank, .
Workingmen’s Co-operative Bank, .
' Campello Co-operative Bank,
Security Co-operative Bank,
Brookline Co-operative Bank, .
Reliance Co-operative Bank,
Columbian Co-operative Bank, .
Canton Co-operative Bank,
Provident Co-operative Bank, .
Clinton Co-operative Bank,
Danvers Co-operative Bank,
Dedham Co-operative Bank,
Cambridge Co-operative Bank, .
Everett Co-operative Bank,
r Fall River Co-operative Bank, .

97
108
146
157
184
204
206
231
238
258
277
33
213
29
200
43
35
191
41
45
49
31
65
67
118
182
235

j Lafay ette Co-operative Bank,
.
| People’s Co-operative Bank,
[ Troy Co-operative Bank, .
f Fidelity Co-operative Bank,
1 Fitchburg Co-operative Bank, .
Foxborough Co-operative Bank,
Dean Co-operative Bank, .
Gardner,Co-operative Bank,

71
74
77
•

•

•

47
79

xl

[Pub. D oc

IN D E X

Haverhill,

.

Hingham,
Holbrook,

.
.

.
.
.

Gloucester Co-operative Bank, .
Grafton Co-operative Bank,
Housatonic Co-operative Bank, .

.

Groveland Co-operative Bank, .
f Citizens’ Co-operative Bank,
l Haverhill Co-operative Bank, .
. Hingham Co-operative Bank,
. Holbrook Co-operative Bank,
.

Medford,
Melrose,
Merrimac, .
Middleborough, .
Milford,
N atick,.

f City Co-operative Bank,
’ i Holyoke Co-operative Bank,
. Hudson Co-operative Bank,
. Hyde Park Co-operative Bank, .
/•Atlantic Co-operative Bank,
. 1 Lawrence Co-operative Bank,
.
(. Merrimack Co-operative Bank, .
. Leominster Co-operative Bank, .
f Lowell Co-operative B a n k ,.
i Middlesex Co-operative Bank, .
f Equitable Co-operative Bank, .
1 Lynn Co-operative Bank, .
. Malden Co-operative Bank,
. Mansfield Co-operative Bank,
.
. Marblehead Co-operative Bank,
. Marlborough Co-operative Bank,
. Medford Co-operative Bank,
. Melrose Co-operative Bank,
. Economy Co-operative Bank,
.
. Middleborough Co-operative Bank,
. Milford Co-operative Bank,
. Henry W ilson Co-operative Bank,

Needham,

.

Holyoke,
Hudson,
Hyde Park, .
Lawrence,

.

Leominster, .
Lowell,
Lynn, .
Malden,
Mansfield, .
Marblehead,
Marlborough,

.

New Bedford,
Newburyport,
Newton,
North Abington, .
North Adams,
Northampton,
North Dighton, .
North Easton,
Norwood,
Orange,
Peabody,
Pittsfield,
Plymouth, .
Quincy,
Randolph,
Reading,

.

Salem, .
Sandwich, .
Somerville, .
South Braintree, .
South Framingham,
South Weymouth,
Springfield, .


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Federal Reserve Bank of St. Louis

PAGE

CORPORATE NAME.

LOCATION.

Gloucester, .
Grafton,
Great Barrington,
Groveland, .

.

Needham Co-operative Bank,
5 Acushnet Co-operative Bank,
( New Bedford Co-operative Bank,
. Newburyport Co-operative Bank,
. Newton Co-operative Bank,
. North Abington Co-operative Bank, .
. Berkshire County Co-operative Bank,
. Northampton Co-operative Bank,
. North Dighton Co-operative Bank, .
. North Easton Co-operative Bank,
. Norwood Co-operative Bank,
. Orange Co-operative Bank,
. Peabody Co-operative Bank,
. Pittsfield Co-operative Bank,
. Plymouth Co-operative Bank, .
f Quincy Co-operative Bank,
" l Wollaston Co-operative Bank, .
. Randolph Co-operative Bank, .
. Reading Co-operative Bank,
f Roger Conant Co-operative Bank,
t Salem Co-operative Bank, .
. Sandwich Co-operative Bank, .
. Somerville Co-operative Bank, .
. Braintree Co-operative Bank,
. South Framingham Co-operative Bank,
. South Weymouth Co-operative Bank,
. Springfield Co-operative Bank, .

.

85

.
.
.

87
Ill
89

.
.
.
.

37
93
99
101

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

39
103
113
115
14
120
148
123
125
152
59
128
130
132
134
136
140
143
54
150
154

.

95

.

159

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

161
164
166
168
170
172
174
176
178
180
187
189
193
272
195
197
202
208
210
215

.
.
.
.

27
218
222
224

2

21

.
.

Taunton,

. J Taunton Co-operative Bank,
1 W eir Co-operative Bank, .
. Wakefield Co-operative Bank, .
. Waltham Co-operative Bank,
. Watertown Co-operative Bank, .
. Waverley Co-operative Bank, .
. Webster Co-operative Bank,
. Westfield Co-operative Bank,
. W est Newton Co-operative Bank,
. W est Somerville Co-operative Bank,
. W est Springfield Co-operative Bank,
. South.Shore Co-operative Bank,
. W hitm an Co-operative Bank, .
. Winchendon Co-operative Bank,

Wakefield, .
W altham, .
Watertown, .
W averley, .
Wehster,
Westfield, .
W est Newton,
W est Somerville,
W est Springfield,
W eymouth, .
W hitman, .
Winchendon,
Winchester, .
W oburn,

PA G E

COBPOBATE N A M E .

L O C A T IO N .

Stoneham, .
Stoughton, .

Worcester,

x li

IN D E X .

N o . 8 .]

Stoneham Co-operative Bank, .
Stoughton Co-operative Bank, .
r Mechanics’ Co-operative Bank, .

.

.
.

Winchester Co-operative Bank, .
Woburn Co-operative Bank,
r Equity Co-operative Bank,
. -j Home Co-operative Bank, .
(. Worcester Co-operative Bank, .

.

.
.

227
229

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

138
233
252
241
243
246
248
250
254
256
260
262
220
264
266
268
270
62
105
274

.
.
.

284
286
285

.

287

C O L L A T E R A L L O A N C O M P A N IE S .
f Collateral Loan Company, .
Association,
. Worcester Collateral Loan Association,

Boston,
Worcester,

■j Workingmen’s Loan
.

M ORTGAGE LOAN AN D
Boston,


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Federal Reserve Bank of St. Louis

.

IN V E S T M E N T C O M P A N Y .

National Mortgage and Debenture Company,

.

INDEX

x lii

I ndex

to

the

[Pub. Doc

A nnual R eports .

[Alphabetically by Corporate Name.]

C O -O P E R A T IV E

BANKS.

CORPORATE N A M E .

Acushnet Co-operative Bank, .
Adams Co-operative Bank,
Allston Co-operative Bank,
Amesbury Co-operative Bank, .
Arlington Co-operative Bank, .
Athol Co-operative B a n k ,.
Atlantic Co-operative Bank,
Attleborough Co-operative Bank,
Baldwinville Co-operative Bank,
Berkshire County Co-operative Bank,
Beverly Co-operative Bank,
Boston Co-operative Bank,
Braintree Co-operative Bank, .
Brookline Co-operative Bank, .
Cambridge Co-operative Bank,
Campello Co-operative Bank, .
Canton Co-operative Bank,
Citizens’ Co-operative Bank,
City Co-operative Bank, .
Clinton Co-operative Bank,
Columbian Co-operative B a n k ,.
Danvers Co-operative Bank,
Dean Co-operative Bank, .
Dedham Co-operative Bank,
Dorchester Co-operative Bank,
Economy Co-operative Bank, .
Enterprise Co-operative Bank, .
Equitable Co-operative Bank, .
Equity Co-operative Bank,
Everett Co-operative Bank,
Fall River Co-operative Bank, .
Federal Co-operative Bank,
Fidelity Co-operative Bank,
Fitchburg Co-operative Bank, .
Foxborough Co-operative Bank,
Gardner Co-operative Bank,
Germania Co-operative Bank, .
Gloucester Co-operative Bank, .
Grafton Co-operative Bank,
Groveland Co-operative Bank, .
Guardian Co-operative Bank, .
Haverhill Co-operative Bank, .
Henry Wilson Co-operative Bank,
Highland Co-operative Bank, .
Hingham Co-operative Bank, .


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Federal Reserve Bank of St. Louis

.

PA G E

L O C A T IO N .

.
.
.
.
.
.
.
.
.
.
.
.

New Bedford,
Adam s, .
Boston, .
Amesbury,
Arlington,
Athol,
.
Lawrence,
Attleborough,
Baldwinville,.
North Adams,
B everly,.
Boston,' .

.
.
.
.
.
.
.
.
.

South Braintree,
Brookline,
East Cambridge,
Brockton,
Canton, .
Haverhill,
Holyoke,
Clinton, .
Cambridgeport,

.
.
.
.

Danvers,
Franklin,
Dedham,
Boston, .

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Merrimac,
East Boston, .
Lynn,
.
Worcester,
.
Everett, .
Fall River, .
Boston, .
Fitchburg,
Fitchburg,
F oxborough,.
Gardner,'
Boston, .
Gloucester,
.
Grafton,
Groveland, .
Boston, .
Haverhill,
Natick, .
Boston, .
Hingham,

2

4

6
8
10
12

14
17
19

21
23
25
.
.

27
29
31
33
35
37
39
41
43
45
47
49
52
54
56
59
62
65
67
69
71
74
77
79
82
85
87
89
91
93
95
97
99

INDEX

No. 8.]

x liii

Hudson Co-operative Bank,
Hyde Park Co-operative Bank,
Lafayette Co-operative Bank,

■
.

Lawrence Co-operative Bank, .
Leominster Co-operative Bank,
Lowell Co-operative Bank,
Lynn Co-operative Bank, .
.
.
.
Malden Co-operative Bank,
Mansfield Co-operative Bank, .
Marblehead Co-operative Bank,
Marlborough Co-operative Bank,
Mechanics’ Co-operative Bank,
Medford Co-operative Bank,
Melrose Co-operative Bank,
Merchants’ Co-operative Bank,
Merrimack Co-operative Bank,
Middleborough Co-operative Bank, .
Middlesex Co-operative Bank, .
Milford Co-operative Bank,
M t. Washington Co-operative Bank,
Needham Co-operative Bank, .
New Bedford Co-operative Bank,
Newburyport Co-operative Bank,
Newton Co-operative Bank,
North Abington Co-operative Bank,
Northampton Co-operative Bank,
North Dighton Co-operative Bank, .
North Easton Co-operative Bank,
.
Norwood Co-operative Bank, .
Orange Co-operative Bank,
Peabody Co-operative Bank,
People’s Co-operative Bank,
Pioneer Co-operative Bank,
Pittsfield Co-operative Bank, .
Plymouth Co-operative Bank, .
Provident Co-operative Bank, .
Quincy Co-operative Bank,
Randolph Co-operative Bank, .
Reading Co-operative Bank,
Reliance Co-operative Bank,
.
Roger Conant Co-operative Bank, .
Roslindale Co-operative Bank, .
Roxbury Co-operative Bank, .
Salem Co-operative Bank,
Sandwich Co-operative Bank, .
Security Co-operative Bank,
Somerville Co-operative B a n k ,.
South Framingham Co-operative Bank, .
South Shore Co-operative Bank,
South Weymouth Co-operative Bank,
Springfield Co-operative Bank,


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Federal Reserve Bank of St. Louis

PA G E

L O C A T IO N .

CORPORATE N A M E .

Holbrook Co-operative Bank, .
Holyoke Co-operative Bank, .
Home Co-operative Bank,
Homestead Co-operative Bank,
Housatonic Co-operative Bank,

.
.
.
.
.

Holbrook,
Holyoke,
Worcester,
Boston, .
Great Barrington, .

.

Hudson,

.
.
.
.
.
.

101

103
105
108
Ill
113

.

Hyde Park, .

.

115

.

Fall River,

.

118

.
.

Lawrence,
Leominster,

.
.

.

.
.
.

Lowell, .
Lynn,
.
M ald en,.

.
.
.
.
.
.
.

Mansfield,
Marblehead, .
Marlborough,
Taunton,
Medford,
Melrose,
Boston, .

.
.
.
.
.

123
125
128
130
132

.
.

Lawrence,
Middleborough,

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Lowell, .
M ilford ,.
Boston, .
Needham,
New Bedford,
Newburyport,
Newton,
North Abington, .
Northampton,
North Dighton,
North Easton,
Norwood,
Orange, .
Peabody,
Fall River, .
Boston, .
Pittsfield,
Plymouth,
Chelsea, .
Q u in c y ,.
Randolph,
Reading,
Cambridge, .
Salem, .
Roslindale, .
Boston, .
Salem, .
Sandwich,
Brockton,
Somerville, .
South Framingham,
W eymouth, .
South W eymouth,

.
.
.
.
.
.
.
.
.
.

134
136
138
140
143
146
148
150
152
154

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

157
159
161
164
166
168
170
172
174
176
178
180
182
184
187
189
191
193
195
197

.

202

.
.
.
.
.
.
.
.
.
.

204
206
208

.

Springfield,

.

120

200

210

213
215
218
220
222

224

xliv

INDEX.

[Pub. Doc. No. 8.

CORPORATE NA M E .

Stoneham Co-operative Bank,
Stoughton Co-operative Bank,
Suffolk Co-operative Bank,
Taunton Co-operative Bank,
Troy Co-operative Bank, .
Volunteer Co-operative Bank,
Wakefield Co-operative Bank,

PA G E

L O C A T IO N .

.
.

.
.

W altham Co-operative Bank, .
Watertown Co-operative Bank,
W averley Co-operative Bank, .
Webster Co-operative Bank,
W eir Co-operative Bank, .
Westfield Co-operative Bank, .
W est Newton Co-operative Bank, .
W est Roxbury Co-operative Bank, .
W est Somerville Co-operative Bank,
W est Springfield Co-operative Bank,
Whitman Co-operative Bank, .
Winchendon Co-operative Bank,
Winchester Co-operative Bank,
Woburn Co-operative Bank,
Wollaston Co-operative Bank, .
Worcester Co-operative Bank, .
Workingmen’ s Co-operative Bank, .

.
.
.
.
.
.

Stoneham,
Stoughton,
Boston, .
Taunton,
Fall River,
Boston, .

.
.
.
.
.
.

Wakefield,
W altham ,
Watertown,
W averley,
Webster,
Taunton,

.
.
.
.
.
.
.
.
.
.
.
.

Westfield,
W est Newton,
Boston, .
W est Somerville, .
W est Springfield, .
W hitman,
Winchendon,
Winchester, .
Woburn,
Quincy, .
Worcester,
Boston, .

.

.

.
.
.

227

.

229

.

231

.

233

.

235

.

238

.

241

.

243

.

246

.

248

.

250

.

252

.

254

.

256

.

258

.

260

.

262

.

264

.

266

.

268

.

270

.

272

.

274

.

277

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,
Worcester Collateral Loan Association,
Workingmen’s Loan Association,
M ORTGAGE LOAN AND

Boston, .
Worcester,
Boston, .

.

284

.

285

.

286

.

287

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

.

.

.

Boston, .