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PUBLIC DOCUMENT . .
•
'
•
. . No. 8.
TWENTY-SEVENTH ; M M T À L =;:S Ê M t ri; ••
Ho a r d of Co m m i s s i o n e r s
ï\\
SAVINGS BANKS.
1902.
P a r t I.
R E L A T IN G TO
SAVINGS BANKS, INSTITUTIONS FOR SAVINGS, AND TRUST
COMPANIES.
BOSTON :
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,
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Federal Reserve Bank of St. Louis
18
P o st O f f ic e
1903.
Square.
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Federal Reserve Bank of St. Louis
A pproved by
T h e S t a t e B o a r d o f P u b l ic a t io n ,
3 31.1
\ A 3 ,V o
'iqb2,fX, l
dCommoitfajfali^ of Illassaclnisetts.
O f f ic e of t h e B o a r d o f C o m m is s io n e r s o f S a y i n g s B a n k s ,
S tate H o u se , B o ston,
Jan. 7, 1903.
To the Honorable the Senate and House o f Representatives in General Court
assembled.
The Board o f Commissioners of Savings Banks respectfully
submits Part I. of its twenty-seventh annual report, showing
the condition at close of business, Oct. 31, 1902, of 186 savings
banks and 38 trust companies in operation at that date.
In the text of the report on pages vii, viii and x will be
found a reference to three savings banks and one trust com
pany whose affairs have been administered by receivers under
the direction of the court.
In addition thereto, the following-named institutions, while
chartered, had not commenced business : —
Blackstone Savings Bank, Boston, charter appimved .
. April 23, 1901
«Jamaica Savings Bank, Boston, charter approved
.
. March 4, 1902
Attleborough Trust Company, Attleborough, charter ap
proved
........................................... ........
.
.
. April 8, 1902
Copley Square Trust Company, Boston, charter approved Feb.
4, 1901
Salem Safe Deposit and Trust Company, Salem, charter
approved ..............................................................................April 9, 1902
Waltham Trust Company, Waltham, charter approved
. March 21, 1901
3
3 ut, s z /t/i,/
Part II. of the report, to be submitted later in the session,
will cover the statement of condition of 130 co-operative banks
and 3 collateral loan associations in operation Oct. 31, 1902;
also a statement of the affairs of three foreign savings and loan
associations and two mortgage loan companies which were either
in the hands of receivers or being voluntarily liquidated.
At the end of the year covered by the report the Board
had supervision over 357 active institutions, with assets ex
ceeding $866,300,000, — and 9 others whose affairs were in
liquidation.
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Federal Reserve Bank of St. Louis
iv
REPORT OF THE
[Pub. Doc.
During the year the following-named institutions have com
menced business : —
Adams Trust Company, Boston.
City Trust Company, Boston.
B. F. Butler Co-operative Bank, Lowell.
Bridgewater Co-operative Bank, Bridgewater.
S a v in g s B a n k s .
A ggregate
Statem ent
of
L ia b il it ie s
A ssets, O c t .
and
31, 1902.
Showing Increase or Decrease, as compared with Statement o f Oct. 3 1 ,1 9 0 1 .
L ia b ilitie s .
Amount
Oct. 31, 1902.
D ep osits,..................................................................
Guaranty fund........................................................
Undivided e a r n i n g s , ......................................
Due on incomplete mortgage loans,
Sundry liabilities, .
. . .
$586,937,084
26,075,414
11,722,821
121,798
88,456
Increase.
30
78
07
53
28
Decrease.
$26,231,331 66
1,311,096 71
1,404,187 63
$92,150 67
3,709 17
$624,945,574 96
-
-
A s s e ts .
Amount
Oct. 31, 1902.
Increase.
Decrease.
aoc £
s £“
S i")
PH
Public funds,
Loans on public funds,
Bank stock, .
Loans on bank stock, .
Railroad bonds, .
Loans on railroad bonds,
Loans on railroad stocks,
Boston Terminal Company bonds, .
Real estate (for banking purposes), .
Real estate by foreclosure,.
Loans on real estate, .
.
.
.
Loans on personal security,
Loans to counties, cities and towns (notes)
Loans on depositors’ books,
Sundry stocks, bonds and notes taken to
secure indebtedness,
Expense account,
Premium account,
Furniture and fixtures,
Sundry assets,*
Cash on hand : —
In banks, on interest, .
In banks, not on inter
est,
.
.
.
.
I n office,
11.17
$368,929 80
$156,811 00
2,145,512 28
4, 213
60 (-''”8,077, 519
0 0 * 0 ,0 4 0 , 950
00
50 y 1,350, ,525
111, 697
_
9,461, ,613
9 (dO,901, 241
4 9 * 0 ,3 7 5 , ,756
2 8 ,/
2, 928
228,630
197,885
379,402
63,673
177,744
08
68
39
62
95
*
]
!-
21
50
00
129,010 00
4,637 00
96
51
01
43
06
78
.20
2.88
.19
15.03
.27
.10
1.80
.93
.61
40.82
20.70
2.35
.01
.04
7,176 95
196,957 89
.13
1,143,867 88
2.77
$15,573,945 39
454,389 35
1,312,103 71
17,340,438 45
$624,945,574 96
Consisting of interest and suspense accounts, taxes and insurance paid, real estate expenses, etc.
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Federal Reserve Bank of St. Louis
No. 8 .]
SAYINGS BANK COMMISSIONERS.
y
L i a b il it ie s .
The item of deposits shows an increase of $26,231,331.66,
and, with one exception, is the largest of any one year in the
history of the banks.
The total amount of deposits, $586,937,084.30, is divided
among 1,660,814 open accounts, being an average of $353.40
to each, or $1.56 greater than at the corresponding period last
year.
The guaranty fund now amounts to 4.44 per cent, of the
amount due depositors, as compared with 4.42 per cent, a year
ago.
The increase in the undivided earnings of $1,404,187.63,
when compared with the increase of less than $300,000 the
preceding year, is indicative, to some extent, of the successful
year which the institutions have enjoyed, and is undoubtedly
owing, in a great measure, to the higher rates which have pre
vailed in the money market for some considerable portion of
the year.
A s se t s .
The most noticeable changes in the list of assets are the
decrease of over $2,000,000 in the amount invested in bank
stocks, and an increase of nearly $11,000,000 in the amount
loaned on personal security. The former is occasioned almost
wholly by the liquidation or consolidation of many of the
national banks during the year, in some of which the savings
banks were large owners of the stock; while the latter may be
partially attributed to the attractive rates in the money market
previously alluded to.
O f the total amount loaned on personal security, nearly
$83,000,000, or 64 per cent, thereof, is secured by the pledge
of marketable collaterals, in addition to the sureties which the
law requires.
A gratifying feature of the statement is that disclosing the
comparatively small increase in the amount of real estate held
by foreclosure, being the smallest for the past nine years, not
withstanding the amount invested in loans on real estate has
been augmented over $70,000,000 during the same period.
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Federal Reserve Bank of St. Louis
REPORT OF THE
VI
[Pub. Doc.
D iv id e n d s .
During the year covered by the reports, —
5 banks declared dividends at the rate of 3 per cent.
“
1 bank
“
“
“
“
8*
“
90 banks
“
“
“
“
9 “
“
, “
“
“
“
n
u
81
“
“
“
“
4
The total amount of the dividends declared was $19,924,927.32, being $611,134.33 in excess of the amount for the
previous year.
The average rate of dividends is 3.71-j- per cent., as com
pared with 3.75 per cent, in the preceding year.
During the year 7 institutions have been added to the list of
those paying dividends of less than 4 per cent, per annum,
making 105 banks, out of 186, whose dividend rates are less
than 4 per cent.
Following the custom of former years, the following tables
are appended : —
Dividends
declared during the
Year
ending
Banks paying; at the rate of 3 per cent.,
66
66
3f
66
66
“
3^
6
6
6
6
g3
66
“
“
66
66
(t
U
^
It
Oct. 31.
1901.
1903.
2
6
70
20
88
5
1
90
9
81
186
186
QC
1—*
GO
5 banks paid
per cent, the first term,
per cent, the second
66
66
66
1 «
“
2
“
H
66
66
1 «
“
“
If
»
n
»
66
66
»
«
“
“
if
66
66
4 “
“
“
2
“
“
If
it
66
66
5 “
“
2
“
If
“
66
66
It
“
2
“
“
2
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Federal Reserve Bank of St. Louis
term.
66
66
66
“
66
66
No. 8.]
vii
SAYINGS BANK COMMISSIONERS.
Statistics o f Business.
Increase.
Oct. 31, 1902.
Number of open accounts,
Average amount to the credit of each
account,...........................................
Number of deposits, .
.
.
.
Number of withdrawals, .
Amount deposited (not including
d iv id e n d s ),..................................
Average of deposits, .
.
.
.
Amount withdrawn (including divi
dends), ...........................................
Average of withdrawals, .
Amount of expenses,
Total earnings,..................................
Total ordinary dividends,.
Number of loans of an amount not
exceeding $3,000, .
.
.
.
Number of loans upon real estate,*
*
Averaging $3,068.89.
1,660,814
67,174
$353 40
'1,689,413
1,243,608
$1 56
144,254
19,195
$101,542,089 27
60 10
$5,010,590 42
2 37f
95,234,951
76
1,374,564
26,367,176
19,924,927
300,751
1
41,041
949,988
611,134
56
58
27
73
32
306
1,420
70,022
83,130
t Decrease.
25f
45f
06
23
33
^
From the information given in the above table may be culled
at least two features worthy of comment : first, that, while the
number of withdrawals is 19,195 more than last year, yet the
total amount withdrawn is over $300,000 less, and the average
amount withdrawn is $1.45 less; second, the number of
deposits, exceeding the number last year by 144,254, average
$2.37 less. These two factors would seem to indicate that the
business of the banks during the year, in these particular chan
nels, has been, to a large extent, with those people for whom
the institutions were designed to serve.
The increase in the expenses of the institutions is no more
than commensurate with their growth, as the ratio of expenses
to the total deposits is less than a year ago.
B an ks in H a n d s o f R e c e i v e r s .
Framingham Savings Bank.
During the past year the receivers of this bank, in compli
ance with law, presented to the court a list of dividends re
maining unpaid at the expiration of one year from the time
when the final dividend was ordered, and the court issued the
usual decree upon such petitions, giving another year in which
parties entitled thereto may claim the dividends due. At the
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Federal Reserve Bank of St. Louis
viii
REPORT OF THE
[Pub. Doc.
expiration of this time, unless the court shall otherwise decree,
the dividends then remaining unpaid will be deposited with the
Treasurer of the Commonwealth, and the books and papers
with this Board.
The receivers report that on Oct. 31, 1902, there still re
mained in their hands unpaid dividends aggregating $13,881.70,
o f which amount $12,182.15 is due to one estate; but the
receivers are unable to arrange for the payment of the same,
owing to some disagreement among the residuary legatees,
whereby they are prevented from obtaining a proper receipt
for the same.
Hampshire Savings Bank.
The receivers of the above-named bank having made their
final report, the court has decreed that the uncollected divi
dends due the depositors, amounting to a small sum, be paid by
the said receivers into the treasury of the Commonwealth, un
der the provisions of section 56 of chapter 113 of the Revised
Laws. The books and other papers of the bank will be deposited
with this Board.
Mill is Savings Bank.
By final decree of the court in the case of the above-named
bank, the unclaimed dividends, amounting to $14.29, remain
ing in the hands of the receiver, are ordered paid into the
treasury of the Commonwealth, and the books and other papers
deposited with the Board of Commissioners of Savings Banks,
as provided in section 56, chapter 113 of the Revised Laws.
U
n c l a im e d
D
e p o s it s .
Under the provisions of section 50 of chapter 113 of the
Revised Laws, returns have been received from the banks of
all deposits, in excess of $25, that have remained dormant for
more than twenty years, and the details thereof will be incor
porated in a supplementary report, as authorized by law, and
submitted later in the session.
S e c u r it ie s
taken
to
secu re
Indebtedness.
To such of the banks as may now hold stocks, bonds or
other securities which were acquired (in settlements effected
to secure loans or indebtedness) on or before March 8, 1898,
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
IX
attention is called to the requirements of the tenth clause of
section 26 of chapter 113 of the Revised Laws, which provides,
in substance, that, in order to hold the same after Feb. 1, 1903,
the permission of the Board is necessary.
L is t o f C o r p o r a t o r s .
In compliance with an act passed at the last session of the
General Court, the savings banks have made returns showing
the names of the corporators, and these returns are on file in
this department, subject to inspection by the public.
T r u st C o m p a n ie s .
As stated on a preceding page, 2 companies have commenced
business during the year, making 38 now in operation, of which
16 maintain trust departments in addition to their ordinary
banking departments.
The consolidated balance sheets of both the banking and
trust departments, showing the condition at close of business,
Oct. 31, 1902, are as follows : —
Banking Departments.
A s se t s .
United States bonds, .
C o m m o n w e a l t h of Massachusetts bonds,
City, county and town bonds of
New England States,
Other municipal bonds,
Loans to counties, cities and
towns (notes),
.
Bank stocks,
.
.
.
.
Railroad st ocks, .
.
.
.
Railroad bonds...............................
Miscellaneous bonds,
Miscellaneous stocks,
Loans on real estate, .
Real estate owned,
Real estate by foreclosure,
Loans to corporations,
Time loans with collaterals,
Demand loans with collaterals,
Notes of individuals or firms, .
Expense account,
Premium account,
Taxes paid,
.
.
.
.
Interest paid....................................
Furniture and fixtures,
Safe deposit vaults, .
O verdrafts,......................................
Due from banks,
Revenue stamps,
Sundry assets, .
.
.
.
C ash: —
In o ffic e ,......................................
In ban k s,......................................
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Federal Reserve Bank of St. Louis
L ia b il it ie s .
$50,500 00
6,373,154 09
552,000 00
147,189 64
1,836,902
307,642
433,942
8,323,585
7,017,046
3,512,550
17,227,856
3,307,150
46,149
17,546,640
55,247,553
25,095,387
12,364,711
304,053
6,266
2,530
63,536
48,134
324,714
15,941
20,269
3,572
76,123
08
17
32
26
79
36
10
65
66
72
01
71
86
18
47
92
61
95
01
60
75
33
57
Capital stock,
Surplus fund,
Guarantee account,
Interest,......................................
Discount,
.
.
.
.
Commissions,
Earnings undivided,
Profit and loss,
D eposits: —
Subject to check,
For payment of coupons,
etc..........................................
Certificates of deposit,
Certified checks,
Treasurer’s checks, .
Sinking funds, railroads, .
Sinking funds, corporations,
.
.
Sinking funds, safe deposit
vaults,......................................
Dividends unpaid,
Rents, boxes and vaults,
Due to banks and bankers, .
Special trusts,
Annuities on lives,
Reserve for taxes,
Reserve for dividend, .
Sundry liabilities,.
$14,725,000
12,255,784
160,699
1,478,910
310,712
48,449
2,398,531
2,296,422
00
52
33
75
79
27
18
92
140,605,656 62
5,008,718
6,839,728
361,870
389,608
633,755
17
74
85
89
09
1,259,013 08
7,400
13,589
6,357
61,194
831,623
1,415,340
30,087
4,000
1,196
00
50
00
28
29
39
25
00
62
4,409,744 66
26,478,800 06
$191,143,650 53
$191,143,650 53
REPORT — SAVINGS BANKS.
X
[P. D. No. 8.
Trust Departments.
A ssets.
L ia b il it ie s .
United States bonds, .
State bonds.......................................
City, county and town bonds, .
B o s t o n Terminal Company
b o n d s , ......................................
Bank stocks,
.
.
.
.
Railroad bonds...............................
Railroad stocks..............................
Loans on real estate, .
Manufacturing stocks,
Annuities..........................................
Notes, with collaterals or suret i e s , ...............................................
Notes of individuals, .
Notes of corporations,
Real estate owned,
Cash on hand,
.
.
.
.
Q-as sto ck s,......................................
Deposits in savings banks,
Miscellaneous stocks and bonds,
Sundry assets, .
.
.
.
$237,882 84
53,724 63
150,943 63
1,162
366,413
1,402,925
3,319,995
6,926,164
637,131
20,800
76
09
55
82
77
60
00
120,222
75,815
142,465
2,350,580
271,761
7,200
155,435
2,095,756
441,950
00
32
00
64
53
00
68
79
49
Trust accounts,
Income.........................................
T a x e s , ......................................
A s executors, administrators, etc., .
.
.
.
$18,206,214 06
155,810 34
400 00
415,907 74
$18,778,332 14
$18,778,332 14
T
rust
C om pany
in
H
ands
of
R
e c e iv e r
.
Suffolk Trust Company.
During the year all the remaining assets of this company,
shown in its report of Oct. 31, 1901, have been converted into
cash; and in February last, as was predicated in the preceding
report of this Board, a dividend of 8 per cent, on approved
claims was allowed by the court.
On Nov. 1, 1902, the amount of the first dividend of 30 per
cent, remaining unpaid was $2,172.83, and of the second divi
dend of 8 per cent., $2,947.34.
The remaining pages of the volume contain the usual state
ments, showing the condition of each of the institutions at the
close of business, Oct. 31, 1902, followed by consolidated
statements; also a table showing the number, condition and
progress of the savings banks, from 1834 to 1902 inclusive.
In the Appendix will he found the statutes governing the
savings banks and trust companies, corrected to date.
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Federal Reserve Bank of St. Louis
STARKES WHITON,
WARREN E. LOCKE,
JAMES O. OTIS,
Commissioners o f Savings Banks.
ABSTRACT OF ANNUAL REPORTS
OF TH E
SAYINGS
BANKS
FOR
AND
INSTITUTIONS
SAYINGS,
S H O W IN G T H E IR
CONDITION AT THE CLOSE OF BUSINESS
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Federal Reserve Bank of St. Louis
O c t o b e r 31, 190?.
REPORT OF THE
9 •
[Pub. Doc.
A B IN G T O N S A V IN G S B A N K — A B IN G T O N .
Incorporated March 17, 1853.
Present number of corporators, 56.
Joseph L. G ree n w o o d , President.
G eorge A. B e a l , Treasurer.
G eorge A. B e a l , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Joseph L. G r e e n w o o d ,
Silas B. D ic k e r m a n ,
W il l ia m V a n ce ,
J ohn W . Sp roul ,
W il l ia m J. C o u g hl an .
Ca l v in L. B a k e r .
Open for business every business day, 9 a .m . to 12 m . ; 1 to 4 p .m . ; close Saturdays at
12 m . during May, June, July, August and September.
B a lan ce S h e e t O ct . 31, 1902.
Liabilities.
Assets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Suspense account,
Miscellaneous stocks,*
Furniture and fixtures,
Real estate income account,
Taxes and insurance,
Cash on hand, . . .
.
$72,800
81,050
11,975
338,000
00
00
00
00
40,000
51,415
1,156,878
374,214
00
68
25
97
157,900
690
36,522
316
1.700
6,000
1,000
492
35
4,217
00
00
75
84
00
00
00
73
40
42
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$2,335,209 04
*
$2,193,670 63
110,000 00
9,881 92
21,656 49
$2,335,209 04
Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Abington National Bank, A b in g to n ,........................................................... $21,148 27
National Bank of Redemption, B o s t o n , ...................................................
15,374 48
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Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
3
Abington Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
100 shares Traders National Bank, Lowell,
5 shares National Granite Bank, Quincy,
10 shares First National Bank, Rockland,
10 shares First National Bank, Rockland,
$
10,000 00
300 00
875 00
800 00
Detailed Statement o f Public Funds.
Par Value.
City of Dayton, Ohio, 3ès,
of Grand Rapids, Mich., 5s,
of Malden, Mass., 4s,
of Milwaukee, Wis., 3£s,.
of New Britain, Conn,, 4s,
of Springfield, Ohio, 4ès,
of Springfield, Ohio, 5s, .
Town of Abington, Mass., 4s, .
of Middleborough, Mass., 4s,
$4,000
3,000
9,800
10,000
10,000
5,000
5,000
16,000
10,000
$72,800
Estimated
Market Value.
$4,020
3,060
9,849
10,100
10,325
5,400
5,100
16,930
11,000
00
00
00
00
00
00
00
00
00
$75,784 00
Amount Invested.
$4,000
3,000
9,800
10,000
10,000
5,000
5,000
16,000
10,000
00
00
00
00
00
00
00
00
00
$72,800 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
62
40
50
12
59
100
100
38
120
45
31
50
50
47
20
32
2
Par Value.
Abington N’l Bank, Abington,
First National Bank, Adams, .
Blackstone N’l Bank, Boston, .
Central N’l Bank, Boston,
Eliot National Bank, Boston, .
Merchants’ N’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
Mt. Vernon N’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Webster Bank, Boston, .
Second National Bank, Boston,
South End N’l Bank, Boston, .
State National Bank, Boston, .
Brockton N’l Bank, Brockton,.
Old Colony N’l B’k, Plymouth,
First Nat’l Bank, Rockland, .
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Federal Reserve Bank of St. Louis
$6,200
4,000
1,150
1,200
5,900
10,000
10,000
3,800
12,000
4,500
3,100
5,000
5,000
4,700
2,000
3,200
200
Estimated
Market Value.
$6,200
4,800
300
1,500
9,794
19,100
10,700
3,876
20,400
7,200
3,658
9,450
4,100
7,144
2,400
3,776
216
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$81,950 $114,614 00
Amount Invested.
$6,200
4,000
250
1,200
5,900
10,000
10,000
3,800
12,000
4,500
3,100
5,000
5,000
4,700
2,000
3,200
200
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$81,050 00
4
REPORT OF THE
[Pul). Doc.
Abington Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 3£s,
Boyer Valley R.R. 3£s,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R R, 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 3£s, .
.
.
.
Fitchburg R.R. 4s..............................
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3ès, .
Maine Central R.R. 4£s, .
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Portland & Rumford Falls R.R. 4s,.
Upper Coos R.R. 4ès,
$46,000
39,000
20,000
10,000
10,000
5,000
30,000
25,000
10,000
1,000
10,000
30,000
30,000
10,000
15,000
25,000
20,000
5,000
Estimated
Market Value.
$47,035
43,725
20,300
10,100
9,900
5,150
32,400
27,000
10,150
1,090
9,000
25,800
29,550
10,850
16,875
26,500
21,500
5,700
00
00
00
00
00
00
00
00
00
0Ö
00
00
00
00
00
00
00
00
Amount Invested,
$46,000
39,000
20,000
10,000
10,000
5,000
30,000
25,000
10,000
1,000
10,000
27,000
30,000
10,000
15,000
25,000
20,000
5,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$341,000 $352,625 00 $338,000 00
Total Amount o f Loans, with Each Specified Rate of Interest.
Rate.
Amount.
$36,522
113,000
53,000
158,300
75
00
00
00
2 per cent.
3i
«
3|
»
4
“
Amount.
$25,000
31,750
145,500
61,000
00
00
00
00
Rate.
Amount.
Rate.
44 per cent.
41
“
4|
“
4£
«
$651,901 17
49,350 00
412,857 05
5 per cent.
5i
“
6
“
Amount invested in real estate for banking purposes.................................... $40,000 00
Estimated value of the same,
.
............................................................
40,000 00
Assessed value of the s a m e ,...........................................................................
39,600 00
Net income received from same during year ending Oct. 31, 1902, .
.
600 80
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,.................................................................................................... 51,415
68
Assessed value of the same..............................................................................
57,800 00
Net income received from same during year ending Oct. 31, 1902, .
.
568 76
Number of loans which are of an amount not exceeding $3,000 each, 751
Aggregate amount of the s a m e , ....................................................................
831,069 88
Total number of loans upon real e s t a t e , .......................................... 768
Amount of investments from which no income is received,
.
.
.
16,580 58
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
105,547 21
Times for the dividends fixed by the by-laws : first Tuesday in April and
October; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
5
Abington Sayings Bank — Concluded.
Bate and amount of each semi-annual dividend | 2 per cent., $42,893 45 ? ®gg 254. 33
during the year ending Oct. 31, 1902,.
.
1 If per cent., 37,370 93 >
’
Number of accounts opened during the year endingOct. 31, 1902,
. 384
Number of accounts closed during the year endingOct. 31, 1902,
. 350
Total number of open accounts Oct. 31, 1902,
.
.
.
.
4,542
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of ta x e s,.............................................................................................
4,470 78
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902........................................................................................
206,527 71
Number of s a m e , .....................................................................................2,007
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
291,693 61
Number of s a m e , .....................................................................................2,979
Date of examination by commissioner : March 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
6
[Pub. Doc
AM H ER ST S A V IN G S B A N K — A M H E R ST .
Incorporated April 5, 1864.
Present number of corporators, 14.
E. F. Cook , President.
E. D. B a n g s , Treasurer.
G eorge C u t l er , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
E. F. Cook ,
A. It. C u s h m a n ,
m . E. B r ib g m a n ,
D. W. P a l m e r .
W
Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a . m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
Liabilities.
Assets.
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, . . . .
$66,500
500
162,206
43,826
204,925
110,000
00
00
83
00
00
00
15,000
26,850
1,751,609
645,503
00
61
72
83
72,700
1,700
84,078
5,000
293
00
00
31
00
03
$3,190,693 33
Deposits, .
Guaranty fund,
Profit and loss account, .
$2,994,951 56
148,628 82
47,112 95
$3,190,693 33
Cash on Deposit in Banks, amount in each : —
First National Bank, A m h e r s t ,....................................................................$46,807 35
Franklin County National Bank, G r e e n fie ld ,...........................................
10,000
Holyoke National Bank, H o l y o k e , ...........................................................
10,000
Hampshire County National Bank, N orth a m p ton ,..................................
10,000
Agawam National Bank, Springfield,...........................................................
10,000
Pynchon National Bank, Springfield,...........................................................
2,270
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
96
No. 8.]
SAYINGS BANK COMMISSIONERS.
7
Amherst Savings Bank — Continued.
Loan on Public Funds: —
$500 United States 4 s , .....................................................................................
$500 00
Loans on Bank Stock, amount on each : —
100 shares
200 shares
180 shares
10 shares
3 shares
14 shares
Broadway National Bank, B o s t o n ,...........................................$4,000 00
Massachusetts National Bank, B o s t o n , ..................................
20,000
18,000
Mechanics National Bank, B o s t o n ,..........................................
First National Bank, Amherst......................................................)
^ 275
Southbridge National Bank, Southbridge,
.
.
.
.I
Ware National Bank, W a r e , ...................................................
550
00
00
00
00
Detailed Statement o f Public Funds.
Par Value.
City of Beverly, Mass., 4s,
of Chicago, 111., 4s, .
of Dubuque, Iowa, 5s,
of Saginaw, Mich., 4£s, .
Town of Marblehead, Mass., 4s,
Estimated
Market Value.
$10,000
7,000
25.000
10.000
14,500
$10,600
7,140
27,000
10,200
15,007
$66,500
$69,947 50
00
00
00
00
50
Amount Invested.
$10,000
7,000
25.000
10.000
14,500
00
00
00
00
00
$66,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
34
80
13
12
4
45
28
47
56
100
100
30
15
78
78
67
Par Value.
First Nat’l Bank, Amherst,
First National Bank, Barre, .
N’l B’k of the Republic, Boston,
Nat’ l Shawmut Bank, Boston,
National Suffolk Bank, Boston,
State National Bank, Boston, .
Conway Nat’l Bank, Conway, .
National Pahquioque Bank,
Danbury*Ct.,
First N’l Bank, Easthampton,
Franklin Co.N’l B’k, Greenfield,
City National Bank, Holyoke, .
Holyoke Nat’l Bank, Holyoke,
Nat’l Bank of Commerce, New
London, Ct., .
.
.
.
Berkshire N’l B’k, No. Adams,
First N’l B’k, Northampton, .
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$10,000
3,400
8,000
1,300
1,200
400
4,500
$16,000
3,400
12,800
3,055
1,596
608
4,500
00
00
00
00
00
00
00
$14,910
3,400
10,095
2,600
1,200
400
4,493
00
00
50
00
00
00
33
2,800
4,700
5,600
10,000
10,000
3,920
4,700
5,824
11,000
15,000
00
00
00
00
00
3,870
4,700
5,600
10,000
10,800
00
00
00
00
00
3,000
1,500
7,800
4.350 00
1,590 00
9,750 00
3,000 00
1,500 00
9,380 00
7,800
7,956 00
7,800 00
6,700
13,400 00
6,954 00
8
[Pub. I)oc.
REPORT OF THE
Amherst Savings Bank — Continued -
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
60
117
38
70
115
70
28
8
25
20
6
Par Value.
First Nat’l B’k, Norwich, C t, .
Thames N’l B’k, Norwich, Ct.,
Palmer Nat’l Bank, Palmer, .
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
First Nat’l Bank, Springfield,
Crocker N’l B’k, Turner’s Falls,
Ware National Bank, Ware, .
Citizens Nat’l B’k, Worcester,
City National Bank, Worcester,
Mechanics N’l B’k, Worcester,
$6,000
11,700
3,800
7,000
11,500
7,000
2,800
800
2,500
2,000
600
Estimated
Market Value.
$6,000
19,305
3,800
6,300
13,800
7,350
3,920
840
3,500
2,200
600
00
00
00
00
00
00
00
00
00
00
00
$144,400 $187,064 00
Amount Invested.
$6,000
16,101
3,800
5,250
13,623
8,030
2,800
800
2,500
2,000
600
00
00
00
00
00
00
00
00
00
00
00
$162,206 83
Detailed Statement o f Railroad Bonds.
Par Value.
Albanv & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Boston & Maine R R. 4s, .
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3£s,
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
New York, New Haven & Hartford
R.R 3£s,
..................................
$20,000
43,000
35,000
10,000
35,000
15,000
25,000
Estimated
Market Value.
$21,800
44,340
40,250
12,600
34,650
16,275
21,875
00
00
00
00
00
00
00
Amount Invested.
$20,000
43,000
34,800
10,000
35,000
15,000
22,125
00
00
00
00
00
00
00
26,250 00
25,000 00
$208,000 $218,040 00
$204,925 00
25,000
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$110,000 $127,050 00
.
Amount Invested.
$110,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
9
Amherst Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$41,807 35
20,000 00
260,700 00
Rate.
3 per cent.
H
“
4
Amount.
«70,000 00
329,570 00
5,000 00
Rate.
Amount.
4) per cent.
H
“
4f
“
$1,783,033 05
44,366 00
45,441 46
Rate.
5 per cent.
5h
“
6
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the same................................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 877
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .......................................... 960
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable first Thursday of January and July.
Rate and amount of each semi-annual dividend f 2 per cent., $56,064 16 I
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
57,320 02 )
Number of accounts opened during the year ending Oct. 31, 1902, . 698
Number of accounts closed during the year ending Oct. 31, 1902,
. 449
Total number of open accounts Oct. 31, 1902,
. . . .
6,303
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 4,268
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e ,............................................................................ 3,957
Date of examination by commissioner: November 10.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000
15,000
9,050
807
00
00
00
32
26,850 61
24,100 00
311 21
919,845 47
9,620 00
142,368 68
113,384 18
6,068 08
358,262 63
343,666 24
[Pub. Doc.
REPORT OF THE
10
A N D O V E R S A V IN G S B A N K — A N D O V E R .
Incorporated April 2, 1834. Present number of corporators, 37.
M oses T. S tevens , President.
John F. K im b a l l , Treasurer.
J ohn F. K im b a l l , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
M oses T. S t e v e n s ,
Joseph A . Sm a r t ,
L e w is T. H a r d y .
Open for business every business day except Wednesdays, 9 a . m . to 12 m . ; 2 to 4 p . m . ;
Wednesdays, 9 a .m . to 12 m . ; the third Wednesday of March, June, September
and December, 9 a . m . to 12 m . ; 2 to 4 p : m .
B alan ce S heet O ct . 31, 1902,
Assets.
Liabilities.
.
Public funds as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
. . .
$428,700
201,460
1,057,667
20,000
43,496
1,392,221
180,476
00
50
50
00
73
03
00
5,100
1,490
28,999
3,689
2,345
10,809
00
00
08
34
38
27
$3,376,454 83
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Suspense account, .
$3,088,418 38
152,000 00
57,492 16
73,680 59
4,863 70
$3,376,454 83
Cash on Deposit in Banks, amount in each : —
Andover National Bank, Andover,
New England National Bank, Boston,
Old Boston National Bank, Boston, .
Federal Trust Company, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,689
10,162
8,886
6,951
34
03
02
03
No. 8.]
SAVINGS BANK COMMISSIONERS.
11
Andover Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
United States 3s,
. . .
State of Massachusetts 3£s,
County of Aroostook, Me., 4£s,
of Rockingham, N. H., 4s, .
City of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 6s, .
of Gloucester, Mass., 4s, .
of Lynn, Mass., 4s, .
of Portland, Me., 6s,
of Sioux City, Iowa, 4^s,.
Town of Andover, Mass., 3<|s, .
of Andover, Mass., 4s, .
of Arlington, Mass., 4 s,.
of Marblehead, Mass., 4s,
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
of Peabody, Mass., 4s, .
Estimated
Market Value.
$217
37,785
11,375
10,475
27,375
53,135
81,500
1,060
9,300
54,580
23,400
16,600
25,500
25,240
10,600
27,600
27,300
10,000
11,000
$200
35,000
10,000
10,000
25,000
48,000
75,500
1,000
9,000
50,000
21,000
15,000
25,000
24,000
10,000
25,000
26,000
9,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$428,700 $464,042 00
*
Amount Invested.
$200
35,000
10,000
10,000
25,000
48,000
75,500
1,000
9,000
50,000
21,000
15,000
25,000
24,000
10,000
25,000
26,000
9,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
$428,700 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
141
130
149
32
10
10
70
100
50
120
225
100
6
237
60
200
58
129
110
Estimated
Par Value.
Andover N’l Bank, Andover, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
Freeman’s N’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Security Bank, Boston, .
Nat’l Shawmut Bank, Boston,.
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
$14,100
13,000
3,427
3,200
1,000
1,000
7,000
10,000
5,000
12,000
22,500
-
600
23,700
6,000
20,000
5,800
12,900
11,000
Market Value.
$15,510
14,950
894
3,520
1,500
1,370
7,700
12,900
9,550
12,840
36,000
100
1,500
55,695
10,200
23,600
9,106
14,319
20,790
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$14,100
13,000
3,417
3,200
1,000
1,000
7,000
10,000
5,000
12,000
22,500
00
00
50
00
00
00
00
00
00
00
00
-
600
23,700
6,000
20,000
5,800
12,900
11,000
00
00
00
00
00
00
00
12
[Pub. Doc.
REPOET OF THE
Andover Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
Par Value.
50 South End Nat’l Bank, Boston,
78 State National Bank, Boston, .
25 Tremont Nat’l Bank, Boston, .
3 First National Bank, Danvers,
50 Wachusett N’l B’k, Fitchburg,
100 Bay State N’l B’k, Lawrence, .
25 Union N’l Bank, Weymouth, .
$5,000
7,800
1,250
225
5,000
7,500
2,500
$201,502
Estimated
Market Value.
$4,100
11,856
125
225
5,500
11,500
1,875
00
00
00
00
00
00
00
Amount Invested.
$5,000
7,800
1,218
225
5,000
7,500
2,500
00
00
00
00
00
00
00
$287,225 00 $201,460 50
Detailed Statement o f Bailroad Bonds.
Par Value.
Boston & Lowell R.R. 3és,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Cleveland & Pittsburgh R.R. 3ès, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R 4s,
Danbury & Norwalk R.R. 5s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Maine'Central R.R. 4£s, .
Maine Central and European &
North American R.R. 4s,
Manchester & Lawrence R.R 4s,
Newport & Richford R.R. 5s, .
New York, New Haven & Hartford
R.R. 3 £ s , ..................................
NeAv York, New Haven & Hartford
R.R 4 s ,...........................................
Old Colony R R. 4s, .
Providence & Worcester R R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Worcester, Nashua & Roch. R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
50,000
110,000
30,000
60,000
100,000
20,000
25,000
105,000
50,000
85,000
10,000
35,000
10,000
25,000
Estimated
Market Value.
$10,125
52,710
123,925
37,500
60,600
108,000
22,700
29,875
111,710
54,000
72,250
9,900
38,550
10,425
27,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
50,000
110,000
30,000
60,000
99,987
20,000
25,000
105,000
50,000
76,680
10,000
35,000
10,000
25,000
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
5,000
25,000
13,000
5,450 00
27,000 00
13,825 00
5,000 00
25,000 00
13,000 00*
25,000
25,500 00
25,000 00
25,000
148,000
25,000
28,625 00
166,300 00
28,400 00
25,000 00
148,000 00
25,000 00
25,000
50,000
32,500 00
54,750 00
25,000 00
50,000 00
$1,066,000 $1,151,620 00 $1,057,667 50
*
A legal investment when made.
No. 8.]
13
SAVINGS BANK COMMISSIONERS.
Andover Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$20,000
Estimated
Market Value.
$23,100 00
Amount Invested.
$20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$8,886 02
17,113 06
138,601 00
Rate.
Amount.
Rate.
Amount.
2 per cent.
2h
“
4
“
$68,000 00
1,067,544 99
48,011 00
4£ per cent.
5
$259,972 44
157 60
5è
Rate.
6 per cent.
7
“
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 523
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .......................................... 625
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws : third Wednesday in June
and December; payable on same days
Rate and amount of each semi-annual dividend f 2 per cent., $58,009 31 j
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
58,757 32 J
Number of accounts opened during the year ending Oct. 31, 1902, . 691
Number of accounts closed during the year ending Oct. 31, 1902,
. 450
Total number of open accounts Oct. 31, 1902,
. . . .
6,692
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2,.....................................................................................
Number of s a m e ,............................................................................ 4,802
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902.....................................................................................................
Number of s a m e , ............................................................................ 3,134
Date of examination by commissioner: November 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$43,496 73
56,225 00
813,326 72
149,292 92
116,766 63
6,209 83
335,874 87
334,599 73
[Pub. Doc.
REPORT OF THE
14
A R L IN G T O N F IV E CENTS SA V IN G S B A N K — A R LIN G TO N .
Incorporated April 2, 1860.
W
il l ia m
Present number of corporators, 36.
G. P ec k , President.
H e n e t B l a s d a l e , Treasurer.
H e n r y B l a s d a l e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W
il l ia m
G. P e c k ,
E d w a r d S. F esse n d e n ,
G eorge H i l l .
Open for business every business day, 3 to 5.30 p . m . ; also Wednesdays and Saturdays,
7 to 9 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
Liabilities.
Assets.
Public funds, as per schedule, .
Bank stock, as per schedule, .
Railroad bonds, as per schedule,
Real estate (for banking purposes), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Tax account,
. . .
.
Insurance account,
Cash on hand..............................
$499,900 00
12,790 51
163,000 00
100
1,000
1,023,299
19,163
00
00
88
90
154,798
215
58,185
2,434
410
322
1,363
64
00
39
63
76
19
58
$1,936,984 48
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Surplus, .
Rents,
Due on mortgage
loans,
Collections,
Premium account, .
$1,798,254 61
83,548 53
11,222 30
14,901 67
15,500 00
1,554 17
7,700 00
48 00
4,255 20
$1,936,984 48
Cash on Deposit in Banks, amount in each: —
First National Bank, A rlin gton,....................................................................$6,197 70
Atlantic National Bank, Boston,....................................................................
34,597 22
Faneuil Hall National Bank, B o s t o n , ...................................................
17,390 47
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
15
SAYINGS BANK COMMISSIONERS.
Arlington Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
District of Columbia 6s, .
City of Belfast, Me., 4s, .
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 5s,
of Gloucester, Mass , 4s, .
of Grand Rapids, Mich., 5s,
of Kansas City, Mo., 4£s,.
of Lewiston, Me., 5s,
of Lynn, Mass,, 4s, .
of Medford, Mass., 4s,
of Middletown, Conn., 4s,
o f New London, Conn., 4s,
of Portland, Me., 6s,
of Rochester, N. H., 4s, .
o f Somersworth, N. H., 4s,
of Springfield, Ohio, 4£s,
of Wallingford, Conn., 4s,
of Waterbury, Conn., 4 s,.
of Woonsocket, R. I., 4s, .
of Youngstown, Ohio, 5s,
Town of Arlington, Mass., 3és,
of Arlington, Mass., 4 s,.
of Attleborough, Mass., 4s, .
of Chatham, Mass., 4¿s,
of Concord, Mass., 4s, .
of Cranston, R. I., 4s,
of Hull, Mass., 5s, .
of Leicester, Mass., 4s, .
of Melrose, Mass., 4s., .
of Methuen, Mass., 4s, .
of Rockport, Mass., 4s, .
of Wellesley, Mass., 4 s,.
of Westfield, Mass., 4s, .
of Winchester, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$3,000
15,000
12,000
1,000
3,000
22,500
20,000
30,000
1,000
15,000
10,000
10,000
16,000
20,000
6,000
10,000
12,000
12,000
5,000
25,000
11,500
52,000
47,900
10,000
8,000
25,000
2,000
18,000
13,000
10,000
15,000
13,000
6,000
16,000
4,000
$499,900
$3,000 00
16,256 25
12,878 75
1,097 50
3,195 00
23,810 16
20,340 00
33,487 50
1,195 00
16,912 50
10,712 50
10,550 00
17,720 00
22,300 00
6,585 00
10,825 00
12,915 00
13,260 00
5,400 00
27,750 00
12,191 25
54,860 00
51,144 64
10,825 00
8,400 00
28,062 50
2,240 00
20,475 00
13,183 75
10,812 50
16,343 77
14,021 25
6,100 00
17,100 00
4,305 00
Amount Invested.
$3,000 00
15,000 00
12,000 00
1,000 00
3,000 00*
22,500 00
20,000 00
30,000 00
1,000 00
15,000 00
10,000 00
10,000 00
16,000 00
20,000 00
6,000 00
10,000 00
12,000 00
12,000 00
5,000 00
25,000 00*
11,500 00
52,000 00
47,900 00
10,000 00
8,000 00
25,000 00
2,000 00
18,000 00
13,000 00
10,000 00
15,000 00
13,000 00
6,000 00
16,000 00
4,000 00
$540,254 82 $499,900 00
Legal investments when made.
REPORT OF THE
16
[Pub. Doc.
Arlington Five Cents Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
50
50
10
33
12
12
Par Value.
First Nat’l Bank, Arlington, .
Atlantic Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Union Bank, Boston,
Dedham Nat’l Bank, Dedham,
$ 1,000
5,000
5,000
1,000
3,300
1,200
1,200
$17,700
Estimated
Market Value.
$1,500
6,500
6,850
1,700
5,280
2,040
1,296
Amount Invested.
00
00
00
00
00
00
00
$25,166 00
$722
3,613
3,613
722
2,384
867
867
63
14
14
63
67
15
15
$12,790 51
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s..............................
Chic. Burlington & Quincy R.R. 7s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Newport & Richford R.R. 5s, .
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4 1 s , ..................................
St. Johnsbury & Lake Champlain
R.R 5 s ,..................................
Vermont & Massachusetts R.R. 5s, .
*
Estimated
Market Value.
Amount Invested.
$2,000
6,000
35,000
4,000
$2,200
6,090
37,800
4,160
00
00
00
00
$2,000
6,000
35,000
4,000
00
00
00
00
10,000
20,000
9,000
12,000
30,000
11,300
21,300
9,405
12,750
33,750
00
00
00
00
00
10,000
20,000
9,000
12,000
30,000
00
00*
00
00
00
15,000 •
18,150 00
15,000 00
10,000
10,000
13,000 00
10,000 00
10,000 00
10,000 00
$163,000 $179,905 00
$163,000 00
A legal investment when made.
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$ 5 8 ,1 8 5
1 0 ,0 0 0
1 0 ,0 0 0
7 5 ,0 0 0
Rate.
39
00
00
00
2
m
QJ7 2
p er cen t.
“
u
Sr “
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
A m ou n t.
$ 3 8 ,7 9 8
1 1 ,0 0 0
7 3 6 ,0 3 0
8 2 ,4 0 4
64
00
00
00
4
p er cen t.
H
“
“
5
5,1
Rate.
A m ou n t.
$ 1 1 0 ,8 5 0
1 1 8 ,3 9 4
1 ,4 0 0
3 ,6 0 0
00
78
00
00
51 p e r c e n t.
6
“
61
“
7
No. 8.]
SAYINGS BANK COMMISSIONEBS.
17
Arlington Five Cents Savings Bank — Concluded
$100 00
Amount invested in real estate for banking purposes,..................................
25,000100
Estimated value of the s a m e , ....................................................................
23,381 00
Assessed value of the s a m e ,............................................................................
943 35
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
1,000 00
o th e r w is e ,.....................................................................................................
11,400 00
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 282
306,755 88
Aggregate amount of the s a m e , ...........................................................
Total number of loans upon real e s t a t e , .......................................... 381
Gross amount of interest or profits received or earned, as per books,
91,572 52
during year ending Oct. 3 1 , 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : first Saturday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend 11| per cent., $30,282 34 ) 60,439 56
during the year ending Oct. 31, 1902,
.
i If per cent., 30,157 22 J
Number of accounts opened during the year ending Oct. 31, 1902,
. 465
Number of accounts closed during the year ending Oct. 31,1902,
. 329
Total number of open accounts Oct. 31, 1902,
. . .
.
5,300
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
5,417*86
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
247,302 31
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 4,511
Amount of withdrawals, including dividends, during the year ending
298,680 84
Oct. 31, 1 9 0 2 , .............................................................................................
Number of same, .
.
.
.
.
.
.
.
.
.
3,402
Date of examination by commissioner: March 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
18
[Pub. Doc
A T H O L SA V IN G S B A N K — A T H O L .
Incorporated Feb. 12, 1867.
L evi B. F a y ,
Present number of corporators, 34.
President.
W il l ia m D . L u e y ,
W il l ia m D . L u e y ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
H e n e y R . St o w e l l ,
L u c ie n L o r d ,
G eorge D . B ate s,
Levi B . F a y ,
Solon W . L e e .
Open for business every business day, 9 a . m .
to
3 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
Assets.
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule.
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . .
.
Liabilities.
$97,000
35.000
23,161
5,850
350,000
25.000
50.000
999,837
830,115
00
00
00
00
00
00
00
03
00
9,550
100,463
1,922
935
00
60
78
09
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$2,528,834 50
$2,298,529 40
118,000 00
39,205 86
73,099 24
$2,528,834 50
Cash on Deposit in Banks, amount in each : —
Miller’ s River National Bank, Athol, .
Eliot National Bank, Boston,
.
.
.
.
National Bank of Redemption, Boston,
Packard National Bank, Greenfield, .
Northampton National Bank, Northampton,
Taunton Safe Deposit and Trust Company, Taunton
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$55,839
518
21,605
5,000
54
20
86
00
10,000 00
7,500 00
.No. 8.]
19
SAVINGS BANK COMMISSIONERS.
Athol Savings Bank— Continued.
Loan on Public Funds : —
$7,000 City of Everett, Mass., 4 s , ........................................................... t
23,000 City of Taunton, Mass., 3 ^ s ,........................................................... j8,000 Town of Dedham, Mass., 3 ^ s , ................................................... J
$35,000
Loans on Bank Stock, amount on each : —
7 shares Miller’ s River National Bank, A th ol,...........................................
5 shares Metropolitan National Bank, B o s t o n , ..................................
60 shares Packard National Bank, G reenfield,...........................................
$500 00
350 00
5,000 00
Loan on Railroad Bonds : —
$25,000 Cleveland & Pittsburgh R.R. 3 ^ s,................................................... $25,000 00
Detailed Statement o f Publie Funds.
Par Value.
City of
of
of
of
of
of
of
of
Boston, Mass., 4s, ■ .
Cleveland, Ohio, 5s,
Dubuque, Iowa, 4s,
Holyoke, Mass., 4s,
Indianapolis, Ind., 4s, .
Kansas City, Mo., 4£s,.
Newton, Mass., 4s,
Newton, Mass., 5s,
Estimated
Market Value.
$6,287
1,000
10,650
25,125
10,850
27,625
11,000
10,525
$6,000
1,000
10,000
25.000
10.000
25.000
10.000
10,000
50
00
00
00
00
00
00
00
$97,000 $103,062 50
*
Amount Invested.
$6,000
1.000
10,000
25.000
10.000
25.000
10.000
10,000
00
00*
00
00
00
00
00
00
$97,000 00
A legal investment when made.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
41 Miller’s River N’l B’k, Athol, .
7 Blackstone N’l Bank, Boston, .
10 Eliot National Bank, Boston, .
22 N’l B’k of Commerce, Boston,
77 Nat’l Shawmut Bank, Boston,.
10 Agricultural N’l B’k, Pittsfield,
50 Springfield Safe Deposit and
Trust Co., Springfield,.
20 Taunton Safe Deposit and
Trust Co., Taunton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$4,100
161
1,000
2,200
7,700
1,000
Estimated
Market Value.
$6,765
42
1,660
3,300
18,095
2,450
00
00
00
00
00
00
Amount Invested.
$4,100
161
1,000
2,200
7,700
1,000
00
00
00
00
00
00
5,000
8,750 00
5,000 00
2,000
2,200 00
2,000 00
$23,161
$43,262 00
$23,161 00
20
REPORT OF THE
[Pub. Doc.
Athol Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3ès, .
Cleveland & Pittsburgh R.R. 4és, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York, Lackawanna & Western
R.R. 6s, .
New York, New Haven & Hartford
R.R. 3<|s,
.
.
.
.
.
New York & New England R.R. 6s,
Vermont & Massachusetts R.R. 5s, .
$10,000
25,000
50,000
15,000
25,000
35,000
20,000
50,000
25,000
Estimated
Market Value.
$11,250
26,750
53,500
15,150
30,000
38,062
21,850
49,250
27,687
00
00
00
00
00
50
00
00
50
Amount Invested,
$10,000
25,000
50,000
15,000
25,000
35,000
20,000
50,000
25,000
00
00
00
00
00
00
00
00
00
25,000
30,750 00
25,000 00
20,000
26,400 00
20,000 00
25,000
5,000
20,000
25,500 00
5,200 00
20,000 00
25,000 00
5,000 00
20,000 00
$350,000 $381,350 00 $350,000 00
Boston Terminal Company Bonds.
Estimated
Market Value.
Boston Terminal Company 3£s,
$50,000
$57,750 00
$50,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$77.963
5,000
1,250
508,400
Rate.
60
00
00
00
2 per cent.
3
41
“
Amount.
$25.000
283,200
201,750
52,000
00
00
00
00
Rate.
Amount.
Rate.
4J per cent.
44
“
4é
“
4|
“
$751,666 05
1,600 00
97,985 98
5 per cent.
5è
“
6
Number of loans which are of an amount not exceeding $3,000 each, 279
Aggregate amount of the s a m e , .................................................................... $303,106 03
Total number of loans upon real e s t a t e , ...........................................342
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
114,357 04
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
21
Athol Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 1| per cent., $39,072 43 J $78,442 56
during the year ending Oct. 31, 1902,
.
1 1| per cent., 39,370 13
Number of accounts opened during the year ending Oct. 31, 1902, . 746
Number of accounts closed during the year ending Oct. 31, 1902,
. 677
Total number of open accounts Oct. 31, 1902,
.
.
.
.
6,503
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
5,535 97
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
300,209 59
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 4,252
Amount of withdrawals, including dividends, during the year ending
368,433 02
Oct. 31, 1 9 0 2 , .............................................................................................
Number of same.................................................................................3,938
Date of examination by commissioners : June 18.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22
REPORT OF THE
[Pub. Doc
AT T LEB O R O U G H S A V IN G S B A N K — N O R TH A T T L E
BOROUGH.
Incorporated Feb. 2, 1860.
A l ber t T otten,
Present number of corporators, 81.
President.
E d w a r d R . P r ic e ,
E d w a r d R . P r ic e ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds.
A l ber t T otten,
G eorge W . Ch e e v e r ,
F red E . St u r d y ,
L o u is
E d g a r L . H ix o n ,
C h a r l e s E . B l is s ,
J.
Lamb,
M . E . R ow e.
Open for business every business day except Saturdays, 9 a . m . to 3 p . m .
Saturdays, 9 a . m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
Assets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, . . .
.
Liabilities.
$27,000
6,100
179,300
50,000
00
00
00
00
16,881
18,531
970,587
520,435
99
72
65
11
4,000
66,896
2,350
404
4,053
00
22
77
59
89
$1,866,541 94
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,730,818 32
87,000 00
5,470 47
43,253 15
$1,866,541 94
Cash on Deposit in Banks, amount in each : —
Boston Safe Deposit and Trust Company, B o s t o n , .................................. $66,896 22
North Attleborough National Bank, North Attleborough,
.
.
.
2,350 77
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
23
SAYINGS BANK COMMISSIONERS.
Attleborough Savings Bank — Continued.
D etailed Statem ent o f P u blic F unds.
Estimated
Market Value.
Par Value.
City of Brockton, Mass., 4s,
of Sioux City, Iowa, 4<|s,.
$2,000
25,000
$2,102 00
27,250 00
$27,000
$29,852 00
Amount Invested,
$2,000 00
25,000 00*
$27,000 00
* A legal investment when made.
No. o f I!
Shares. I
D etailed Statem ent o f B a n k Stocks.
61
Estimated
Par Value.
First Nat’l Bank, Attleborough,
Market Value.
$6,100
$10,675 00
Amount Invested.
$6,100 00
D etailed Statem ent o f R ailroad Bonds.
Estimated
Par Value.
Boston & Albany R.R. 3£s,
Chic., Burlington & Quincy R.R. 3às,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
New York, New Haven & Hartford
R.R. 3ès,
.
.
.
.
.
Market Value.
$26,000
24,875
52,937
51,000
$25,000
25,000
50,000
60,000
00
00
00
00
25,500 00
25,000
Amount Invested.
$25,000
25,000
50,000
54,300
00
00
00
00
25,000 00
$185,000 $180,312 00 $179,300 00
Boston T erm inal Com pany Bonds.
Estimated
Par Value.
Boston Terminal Company 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
Market Value.
\
$57,750 00
Amount Invested.
$50,000 00
24
[Pub. Doc.
REPORT OF THE
Attleborough Savings Bank — Concluded.
Total A m ou nt o f L oan s, with E ach Specified Rate o f Interest.
Amount.
$66,896
4,000
43,800
101,000
Kate.
22
00
00
00
2 per cent.
H
“
4
“
H
“
Amount.
$43,000 00
693,697 46
50,000 00
Kate.
4| per cent.
5
“
5^
“
Amount.
$76,185 71
413,339 59
70,000 00
Rate.
5J per cent.
6
6i
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 302
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................367
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws: April 1 and October 1;
payable Tuesday after second Monday in April and October.
Rate and amount of each semi-annual dividend f 2 per cent., $31,761 90 1
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
32,582 35 J
Number of accounts opened during the year ending Oct. 31, 1902, . 991
Number of accounts closed during the year ending Oct. 31, 1902,
. 670
Total number of open accounts Oct. 31, 1902,
.
.
.
.
5,374
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .................................. „ .....................................6,173
Amount of withdrawals, including dividends, during the year ending
Oct 31, 1 9 0 2 , .............................................................................................
Number of s a m e , .............................................................................4,188
Date of examination by commissioner: March 10.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$16,881 99
16,881 99
3,000 00
18,531 72
20,100 00
284,990 17
12,227 42
90,141 46
64,344 25
5,720 20
388,466 96
385,169 54
No. 8.]
SAVINGS BANK COMMISSIONERS.
25
BA R R E SA V IN G S B A N K — BA R R E.
Incorporated May 1, 1869.
Present number of corporators, 31.
C h ar les H . F o l l an sb y , President.
F r a n k A. R ic h , Treasurer.
F r a n k A. R ic h , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C h ar les H. F o l l an sb y ,
G eorge W. Cook,
J ohn C. B a r t h o l o m e w ,
G eorge R. S im o n d s ,
G eorge N. H a r w o o d .
Open for business every business day except Saturdays, 9 a . m . to 12 m . ; 1 to 4 p . m . ;
Saturdays, 9 a .m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Suspense account,
Miscellaneous stock,*
Safe and furniture, .
Taxes paid,
. . .
.
$47,000
56,561
120,075
30.000
00
00
00
00
10,477
20,700
500,851
775
40.000
3,364
862
14
5,000
2,338
89
41
73
50
00
00
98
15
82
00
95
04
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$838,110 58
$787,649
30,100
5,128
15,232
54
00
98
06
$838,110 58
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
First National Bank, B a r r e , .................................................................... $28,364 98
Taunton Safe Deposit and Trust Company, Taunton,
.
.
.
.
15,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
26
REPOET OF THE
[Pub. Doc
Barre Savings Bank — Continued.
D etailed Statem ent o f P u blic F unds.
Par Value.
County of Washington, Me., 4s,
City of Canton, Ohio, 3^s,
of Dayton, Ohio, 6s, .
of Kansas City, Mo., 4£s,.
of Springfield, Ohio, 5s, .
of Wilkes-Barre, Pa., 3ès,
Town of West Springfield, Mass., 4s,
Estimated
Market Value.
$5,000
5,000
2,000
10,000
10,000
10,000
5,000
$47,000
$5,600
5,000
2,010
11,162
11,637
10,247
5,600
00
00
00
50
50
50
00
$51,257 50
Amount Invested.
$5,000
5,000
2,000
10,000
10,000
10,000
5,000
00*
00
00
00
00
00
00
$47,000 00
* A legal investment when made.
Ko. o f
Shares.
[1
1
D etailed Statem ent o f B a n k Stocks.
36
28
20
17
25
41
32
46
16
34
30
50
7
52
21
25
20
Par Value.
First National Bank, Barre,
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental Nat’l B’k, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
National Suffolk Bank, Boston,
Second National Bank. Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Market Bank, Brighton,.
Ware National Bank, Ware, .
Central Nat’l Bank, Worcester,
Citizens’ Nat’l B’k, Worcester,
City Nat’l Bank, Worcester, .
First Nat’l Bank, Worcester, .
$3,600
644
2,000
_
2,500
4,100
3,200
4,600
1,600
3,400
1,500
5,000
700
5,200
2,100
2,500
2,000
$44,644
Estimated
Market Value.
$3,600
168
2,200
85
4,150
7,257
4,800
7,820
2,128
6,426
150
5,100
735
5.720
2,940
2,750
3,800
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$3,600 00
334 00
2,220 00
$59,829 00
$56,561 00
_
2,950
8,118
3,456
5,375
1,600
5,100
300
5,768
735
7,280
2,625
3,800
3,300
00
00
00
00
00
00
00
00
00
00
00
00
00
D etailed Statem ent o f R ailroad Bonds.
Par Value.
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 7s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
2 0 ,0 0 0
2 ,0 0 0
Estimated
Market Value.
$5,212 50
19,900 00
2,030 00
Amount Invested.
$5,000 00
19,925 00
2 ,0 0 0 0 0
No. 8.]
27
SAYINGS BANK COMMISSIONERS.
Barre Savings Bank — Continued.
Detailed Statem ent o f R ailroad Bonds — Concluded.
Par Value.
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. ,5s, .
.
.
.
Illinois Central R.R. 3s, .
Illinois Central R.R. 4s, .
Lime Rock R.R. 4s, .
New York, New Haven & Hartford
R.R. Sis,
.
.
.
.
Rumford Falls & Rangeley Lakes
R.R. 5s.............................................
St. Johnsbury & Lake Champlain
R.R. 5s, ...........................................
Estimated
Market Value.
50
00
00
00
00
00
Amount Invested.
$5,000
10,000
1,000
27,150
10,000
5,000
00
00
00
00
00
00
$5,000
10,000
1,000
30,000
10,000
5,000
$5,412
10,950
1,005
25,500
11,050
5,100
10,000
10,200 00
10,000 00
10,000
10,500 00
10,000 00
15,000
19,500 00
15,000 00
t
$123,000 $126,360 00 $120,075 00
Boston T erm in al Com pany Bonds.
Par Value.
Boston Terminal Company 3£s,
$30,000
Estimated
Market Value.
$34,650 00
Amount Invested.
$30,000 00
Total A m ou nt o f L oan s, with E ach Specified R ate o f Interest.
Kate.
Amount.
2 per cent.
4
«
4é
»
$186,193 00
22,000 00
Amount.
$25,000 00
15.000 00
25.000 00
Rate.
5 per cent.
5i
Amount.
Rate.
$119,750 00
148,683 50
5i per cent.
6
Amount invested in real estate for banking purposes,.................................. $10,477 41
Estimated value of the s a m e , ....................................................................
10,477
Assessed value of the s a m e ,............................................................................
7,000
Net income received from same during year ending Oct. 31, 1902,
.
.
119
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
20,700
Assessed value of the s a m e ,.............................................................................
22,360
Number of loans which are of an amount not exceeding $3,000 each, 236
Aggregate amount of the s a m e , ....................................................................
286,101
Total number of loans upon real e s t a t e , ...........................................261
Amount of investments from which no income is received,
.
.
.
14,425
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
41
00
39
73
00
50
00
28
REPOET OF THE
[Pub. Doc.
Barre Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
$37,551 36
Times for the dividends fixed by the by-laws: January 15 and July 15;
payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $13,448 91 i
26,918 42
during the year ending Oct. 31, 1902,
.
1 1| per cent., 13,469 51 j
Number of accounts opened during the year ending Oct. 31, 1902, . 158
Number of accounts closed during the year ending Oct. 31, 1902,
. 147
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,908
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,063 62
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902.........................................................................................
75,662 99
Number of s a m e , .....................................................................................943
Amount of withdrawals,- including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
99,521 74
Number of s a m e , ..................................................................................... 931
Date of examination by commissioner: September 19.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
29
SAYINGS BANK COMMISSIONERS.
BASS R IV E R S A V IN G S B A N K — SOUTH Y A R M O U T H .
Incorporated April 15, 1874. Present number of corporators, 25.
H ir a m L o s in g , President.
E d w a r d C. M cR it c h ie , Treasurer.
E . L a w r e n c e Je n k in s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
H ir am L o r in g ,
P eleg P. A k in ,
E l k a n a h Cr o w e l l ,
C h ar les F. P u rrin g to n ,
E d w in B a x t e r ,
G eorge H. L o s in g .
Open for business every business day, 9 a . m . to 12 m . ; 2 to 4 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, ■.
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
*»
L ia b il it ie s .
$11,752
47,657
200
95,271
23,916
272,847
12,764
50
79
00
50
61
87
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$458,993 67
24,490 58
3,917 96
11,000 00
9,136 02
2,855 92
$487,402 21
$487,402 21
Cash on Deposit in Banks, amount in each: —
Central National Bank, B oston ,.................................................................... $2,454 50
Colonial National Bank, B o s t o n , ............................................................
3,758 92
First National Bank, H y a n n is ,....................................................................
2,922 60
Loan on Bank Stock: —
2
shares First National Bank, Yarmouthport............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$200 00
REPORT OF THE
30
[Pub. Doc.
Bass River Savings Bank — Continued.
D etailed Statem ent o f P u blic F u n d s.
Estimated
Market Value.
Massachusetts 3£s, .
.
.
.
Town of Spencer, Mass., 4s, .
Amount In vos teil«
$6,000
5,000
$6,510 00
5,331 25
$6,840 00
4,912 50
$11,000
$11,841 25
$11,752 50
D etailed Statem ent o f B a n k Stocks.
V-. C
Q
° 2
O§
'A
Estimated
S
Market Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
Manufacturers’ N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
National Suffolk Bank, Boston,
Old Boston N’l Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston, .
6 Suffolk National Bank, Boston,
37 Tremont Nat’l Bank, Boston, .
24 First N’l B’k, New Bedford, .
9 First N’l B’k, Yarmouthport, .
30
5
55
50
56
50
50
50
4
7
25
11
$3,000
115
5,500
-
5,600
5,000
5,000
5,000
400
700
2,500
1,100
-
1,850
2,400
900
$39,065
$3,450
30
7,535
100
10,696
8,500
8,000
7,600
532
777
4,725
1,672
36
185
3,096
1,089
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$3,660 00
115 00
6,765 00
$58,023 00
$47,657 79
-
7,280 00
6,500 00
5,749 88
5,927 00
315 74
756 00
3,258 00
1,472 50
2,330 00
2,400 00
1,128 67
D etailed Statem ent o f R ailroad Bonds.
Estimated
Par Value.
Bennington & Rutland R.R. 4£s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 3^s,
Fitchburg R.R. 3£s, .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3ès,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
1,000
5,000
5,000
10,000
10,000
10,000
Market Value.
$10,975
1,132
6,250
4,975
10,125
10,125
9,900
00
50
00
00
00
00
00
Amount Invested.
$11,250
1,048
5,837
5,037
10,289
10,168
10,350
00
75
50
50
00
75
00
No. 8.]
31
SAYINGS BANK COMMISSIONERS.
Bass River Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds — Concluded.
Par Value.
Maine Central R R. 4s,
Maine Central and European &
North American R.R. 4s,
Old Colony R.R. 4s............................
Upper Coos R.R. 4£s,
Vermont & Massachusetts R.R. 5s, .
Estimated
Market Value.
Amount Invested.
$5,000
$5,212 50
$5,100 00
4,000
20,000
5,000
5,000
4,360
22,187
5,775
5,000
4,115
21,062
5,462
5,550
$90,000
00
50
00
00
$96,017 50
00
50
50
00
$95,271 50
Total A m ount o f L oa n s , with E a ch Specified R ate o f Interest.
Amount.
$2,922 60
6,213 42
11,000 00
Kate.
1^ per cent.
2
“
4
“
Amount.
$15,500 00
131,821 00
6,000 00
Kate.
Amount.
4^ per cent.
5
“
5i
“
$130,735 87
1,755 00
Rate.
6 per cent.
7
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$23,916 61
Assessed value of the s a m e ,............................................................................
27,725 00
Number of loans which are of an amount not exceeding $3,000 each, 262
Aggregate amount of the s a m e , ....................................................................
175,272 89
Total number of loans upon real e s t a t e , ...........................................253
Amount of investments from which no income is recei ved, . . . .
330 55
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
22,512 87
Times for the dividends fixed by the by-laws: April 1 and October 1;
payable April 7 and October 7.
Rate and amount of each semi-annual dividend f 1| per cent., $7,726 72 1
15,375 06
during the year ending Oct. 31, 1902,
.
i 1| per cent.,
7,648 34 J
Number of accounts opened during the year ending Oct. 31, 1902, . 136
Number of accounts closed during the year ending Oct. 31, 1902,
. 150
Total number of open accounts Oct. 31, 1902,
. . . .
1,712
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
2,813 80
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
73,433 19
Number of s a m e , .....................................................................................885
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , .............................................................................................
82,865 35
Number of same, .
. , ........................................................... 1,126
Date of examination by commissioner: September 25, 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
32
[Pub. Doc
REPORT OF THE
B A Y S T A TE S A V IN G S B A N K — W O R C E ST E R .
Incorporated March 9, 1895.
W
il l ia m
Present number of corporators, 102.
G eorge M c A l e e r , Treasurer.
H a u t , President.
John B. R a t ig a n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Jam es A . M cD erm ott ,
Jam es E a r l y ,
T hom as H
W il l ia m H a r t ,
J ohn O’ M e a r a ,
H all.
Open for business every business day except Saturdays, 9 a . m . to 3
9 a .m . to 1 p . m . ; 6 to 8 p .m .
p .m .
; Saturdays,
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Suspense account,
Cash on hand, .
. . .
$35,783
12,938
144,646
5,600
2,500
441,575
38,835
24,145
257
320
704
25
25
00
00
00
00
00
57
13
83
83
$707,305 86
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$691,854 83
5,746 58
5,712 04
3,992 41
$707,305 86
Cash on Deposit in Banks, amount in each : —
First National Bank, W orcester,.................................................................... $9,624 22
City National Bank, W orcester,....................................................................
7,440 19
Quinsigamond National Bank, Worcester, .
.
.
.
.
.
.
7,081 16
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
33
SAVINGS BANK COMMISSIONERS.
Bay State Savings Bank — Continued.
D etailed Statem ent o f Public F unds,
Par Value.
City of Everett, Mass., 4s,
of Fitchburg, Mass., 4s, .
of Holyoke, Mass., 3£s, .
of Lynn, Mass, 4s, .
of Somerville, Mass., 4s, .
Town of Clinton, Mass., 3¿s, .
of Watertown, Mass., 4s,
$5,000
4,000
5,000
5,000
5,000
5,000
5,000
$34,000
Estimated
Market Value.
$5,487
4,420
5,012
5,237
5,200
5,050
5,100
50
00
50
50
00
00
00
$35,507 5.0
Amount Invested.
$5,410
4,370
5,100
5,362
5,259
5,081
5,200
00
00
00
50
25
50
00
$35,783 25
D etailed Statem ent o f B an k Stocks.
°
£1
Estimated
Market Value.
15 Atlas National Bank, Boston, .
5 Boylston Nat’l Bank, Boston, .
10 Central National Bank, Boston,
5 Continental N’l Bank, Boston,
9 Eliot National Bank, Boston, .
7 Faneuil Hall N’l Bank, Boston,
10 Merchants Nat’l Bank, Boston,
10 N’l Bank of Commerce, Boston,
10 N’l B’k of Redemption, Boston,
8 N’l B’k of the Republic, Boston,
5 New England N’l B’k, Boston,
10 Old Boston Nat’l Bank, Boston,
2 State National Bank, Boston, .
3 Tremont Nat’l Bank, Boston, .
$1,500
500
1,000
-
900
' 700
1,000
1,000
1,000
800
500
1,000
200
150
110,250
$1,725
550
1,250
25
1,494
959
1,910
1,500
1,700
1,280
785
1,110
304
15
Amount Invostcil.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$1,773 75
652 50
1,250 00
1,172 25
935 00
1,538 75
1,112 50
1,180 00
1,176 00
752 50
1,115 00
200 00
80 00
$14,607 00
$12,938 25
D etailed Statem ent o f R ailroad Bonds.
Estimated
Market Value.
Boston & Lowell R.R. 3¿s,
Boston & Lowell R.R. 4¿s,
Boston & Maine R.R. 3¿s,
Chic., Burlington & Quincy R.R. 3¿s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
3,000
10,000
45,000
$10,100
3,000
10,100
44,325
00
00
00
00
$10,487
3,042
10,300
44,437
50
00
00
50
34
[Pub. Doc.
REPORT OF THE
Bay State Savings Bank — Continued.
Detailed Statem ent o f R ailroad Bonds — Concluded.
Par Value.
Chic., Burlington & Quincy R.R. 7s,
Chicago & Northwestern R.R. 7s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 3ès, .
.
.
.
Illinois Central R.R. 3£s,.
New York & New England R R. 7s,
Old Colony R.R. 4s, .
$15,000
10,000
13,000
5,000
5,000
10,000
10,000
$136,000
Estimated
Market Value.
$15,150
12,400
14,040
5,037
4,925
10,600
10,050
00
00
00
50
00
00
00
Amount Invested.
$16,493
13,100
14,722
5,144
5,093
11,437
10,387
75
00
00
50
75
50
50
$139,727 50 $144,646 00
Boston T erm inal Com pany Bonds.
Par Value.
Boston Terminal Compafiy 3£s,
$5,000
Estimated
Market Value.
$5,775 00
Amount Invested.
$5,600 00
Total A m ou nt o f L oan s with Each Specified Rate o f In terest
Rate.
Amount.
Kate.
3 per cent.
4¿
“
$430,275 00
1,700 00
5 per cent.
5¿
Amount.
$24,145 57
21,500 00
Amount.
$26,935 00
Rate.
6 per cent.
$2,500 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
3,200 00
Assessed value of the s a m e ,.............................................................................
165 01
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each,
85
151,650 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................135
Gross amount of interest or profits received or earned, as per books,
30,703 63
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws : March 1 and September 1;
payable on March 15 and September 15.
Rate and amount of each semi-annual dividend f 2 per cent., $11,338 72 1 23,801 25
during the year ending Oct. 31, 1902,
.
I 2 per cent.,
12,462 53 1
Number of accounts opened during the year ending Oct. 31, 1902, . 409
Number of accounts closed during the year ending Oct. 31, 1902,
. 225
Total number of open accounts Oct. 31, 1902,
. . .
.
1,882
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
35
Bay State Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.................................................................................... $1,563 30
Amount of deposits, not including dividends, received during the year
196 177 95
ending Oct. 31, 1902........................................................................................
Number of s a m e , ............................................................................ 2,418
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
120,548 56
Number of s a m e ,............................................................................1,284
Date of examination by commissioner : October 13.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
36
BE LM O N T S A V IN G S B A N K — B E LM O N T.
Incorporated March 5, 1885.
Present number of corporators, 48.
W inthr op L. C h e n e r y , Treasurer.
J .J I p n r y F l e t ch e r , President.
T homas W . D a v is , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
J. H e n r y F l e t ch e r ,
Joseph O. W e l l in g to n ,
C h ar les W . W in n ,
F r ederic D o d g e ,
J ohn K il b u r n .
Open for business, Wednesdays, 4 to 6 and 7 to 8 p . m
.
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand, . . . .
$32,150 00
5,119 70
69,500 00
5,010 34
135,505 72
59,450 00
9,426 82
1. 00
548 16
$316,711 74
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Premium account, .
$305,961 54
5,950 00
3,570 75
1,176 88
52 57
$316,711 74
Cash on Deposit in Bank : —
Faneuil Hall National Bank, Boston,............................................................$9,426 82
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
37
Belmont Savings Bank — Continued.
•
D etailed Statem ent o f P u blic F unds.
Par Value.
City of Brockton, Mass., 3¿s, .
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Lynn, Mass., 4s, .
Town of Belmont, Mass., 4s, .
of Melrose, Mass., 4s,
of Peabody, Mass., 4s, .
of Sharon, Mass., 4s,
of Winchester, Mass,. 4s,
$4,150
2,000
5,000
9,000
3,000
3,000
2,000
3,000
1,000
$32,150
Estimated
Market Value.
$4,150
2,110
5,400
9,337
3,225
3,300
2,190
3,030
1,005
00
00
00
50
00
00
00
00
00
$33,747 50
Amount Invested,
$4,150
2,000
5,000
9,000
3,000
3,000
2,000
3,000
1,000
00
00
00
00
00
00
00
00
00
$32,150 00
No. of
Shares.
D etailed Statem ent o f B an k Stocks.
Estimated
Par Value.
14 Blackstone Nat’l Bank, Boston,
24 FaneuilHall Nat’l B’k, Boston,
2 Freemans Nat’l Bank, Boston,.
7 Nat’l Exchange Bank, Boston. .
2 Nat’l Shawmnt Bank, Boston,.
2 Nat’l Webster Bank, Boston, .
5 South End Nat’l Bank, Boston,
4 Third National Bank, Boston,.
$322
2,400
200
700
200
200
500
$4,522
Market Value.
$84
3,288
220
1,064
470
236
410
88
Amount Invested.
00
00
00
00
00
00
00
00
$120 20
2,900 00
199 50
800 00
400 00
200 00
500 00
-
$5,860 00
$5,119 70
D etailed Statem ent o f R ailroad Bonds.
■
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4¿s,
Boyer Valley R.R. 3¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s..............................
Illinois Central R.R, 3 ¿s,.
Maine Central R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$4,000
3,000
5,000
5,000
1,000
5,000
5,000
6,500
Estimated
Market Value.
$4,245
3,720
5,050
4,900
1,000
5,500
4,900
6,792
00
00
00
00
00
00
00
50
Amount Invested.
$4,000
3,000
5,000
5,000
1,000
5,000
5,000
6,500
00
00
00
00
00
00
00
00
38
REPORT OF THE
[Pub. Doc.
Belmont Savings B an k — Concluded.
D etailed Statem ent o f R ailroad Bonds — Concluded.
Par Value.
Maine Central and European &
North American R.R. 4s,
Menominee River R.R. 7s,
New York, New Haven & Hartford
R.R 3 4 s , ..................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4 s,.
Upper Coos R.R. 44s,
Estimated
Market Value.
Amount Invested.
$3,000
5,000
$3,360 00
5,525 00
$3,000 00
5,000 00
10,000
10,400 00
10,000 00
5,000
10,000
2,000
5,750 000
11,000 00
2,160 00
5,000 00
10,000 00
2,000 00
$69,500
$74,302 50
$69,500 00
Total A m ount o f L oan s, with E ach Specified Rate o f In terest.
Rate.
Amount.
Rate.
24 per cent.
H
“
$116,572 97
5,000 00
5 per cent.
54
“
Amount.
$9,426 82
18,500 00
Amount.
$21,175 00
33,707 75
Rate.
54 per cent.
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$5,010 34
Assessed value of the same................................................................................
3,900 00
Number of loans which are of an amount not exceeding $3,000 each,
88
Aggregate amount of the same..........................................................................
108,655 72
Total number of loans upon real e s t a t e , ...........................................80
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
13,529 97
Times for the dividends fixed by the by-laws: second Thursday in Janu
ary and July; payable third Wednesday in January and July.
R,ate and amount of each semi-annual dividend f If per cent., $4,771 54 )
9,595 30
during the year ending Oct. 31, 1902,
.
1 1| per cent.,
4,823 76 J
Number of accounts opened during the year ending Oct. 31, 1902,
. 106
Number of accounts closed during the year ending Oct. 31, 1902,
. 51
Total number of open accounts Oct. 31,1902,
.
.
.
.
1,042
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
808 23
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
56,184 04
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 1,000
Amount of withdrawals, including dividends, during the year ending
46,317 44
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , .................................................................................... 438
Date of examination by commissioner : January 1.
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS
39
B E N JA M IN F R A N K L IN S A V IN G S B A N K — F R A N K L IN .
Incorporated Feb. 20, 1871.
G eorge \V. W
Present number of corporators, 34.
President.
C har les L. S t e w a r t , Treasurer.
C h ar les L. St e w a r t , Clerk o f the Corporation.
ig g in ,
Names of committee charged with the investment of its funds :
E l ish a P. C h a p m a n ,
E d w a r d H. S h e r m a n ,
G eorge W . W ig g in ,
B r a d l e y M. R ockw ood ,
A d elbert D. T h a y e r ,
W a lt er M. F is h e r .
Open for business every business day, 9 a . m . to 12 m ; 1 to 4 p . m
.
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Tax account,
. . . .
Suspense account,
Real estate income account,
Furniture account,
Cash on hand, . . . .
L ia b il it ie s .
$15,000
12,601
6,475
175,464
9,000
12,678
154,615
168,183
00
00
00
66
00
73
00
90
16.000
23,755
2,000
650
146
7,456
182
600
1,080
00
14
00
11
01
49
21
00
36
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$605,888 61
$564,254 59
29,143 62
11,224 02
1,266 38
$605,888 61
Cash on Deposit in Banks, amount in each : —
Mercantile Trust Company, B o s t o n ,...........................................................
National Bank of Redemption, B o s t o n , ...................................................
Franklin National Bank, F r a n k lin ,............................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$126 82
9,734 80
15,893 52
40
REPOET OF THE
[Pub. Doc
Benjamin Franklin Savings Bank — Continued.
Loan on Public Funds : —
$15,000 City of Philadelphia, Penn., 3 4 s , ...................................................1
2,000 City of Scranton, Penn., 4 s . , ........................................................... J
$15,000 00
Loans on Bank Stock, amount on each : —
40
200
34
40
shares
shares
shares
shares
$3,000
1,375
1,600
500
American National Bank, Boston,
Hancock National Bank, Boston,
National Exchange Bank, Providence, R. I., .
Producers National Bank, Woonsocket, R. I.,
00
00
00
00
Loan on Railroad Stock : —
$9,000 00
118 shares Providence & Worcester Railroad,
D etailed Statem ent o f B a n k Stocks.
o 5
©2
55
Par Value.
5 Continental N’l Bank, Boston,
3 State National Bank, Boston, .
27 N’l Bank of Commerce, Boston,
16 Tremont Nat’l Bank, Boston, .
75 Franklin Nat’l Bank, Franklin,
12 WrenthamN’l B’k, Wrentham,
$300
2,700
800
7,500
840
$12,140
Estimated
Market Value.
$25
456
4,050
80
8,775
840
00
00
00
00
00
00
$14,226 00
Amount Invested
$300
3,051
160
8,250
840
00
00
00
00
00
$12,601 00
D etailed Statem ent o f R ailroad Bonds.
Estimated
Par Value.
Bennington & Rutland R.R. 44s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 44s,
Boston, Revere Beach & Lynn R.R.
4 4 s , ...........................................
Chic , Burlington & Quincy R.R. 5s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 34s,.
Illinois Central R.R. 4s, .
New York & New England R.R. 7s,
Rumford Falls & Rangeley Lakes
R.R. 5 s,...........................................
Upper Coos R.R 44s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
10,000
Market Value.
Amount Invested.
$10,975 00
11,325 00
12,500 00
$11,150 00
10,437 50
10.875 00
10,000
29,000
20,000
5,000
5,000
20,000
10,000
11,500
32,625
21,900
4,250
4,950
22,100
10,625
00
00
00
00
00
00
00
10,850
33,441
21,275
4,412
5,110
22,600
11,062
00
66
00
50
50
00
50
10,000
20,000
10,500 00
23,100 00
11,650 00
22,600 00
$159,000 $176,350 00
$175,464 66
No. 8.]
41
SAYINGS BANK COMMISSIONERS.
Benjamin Franklin Savings Bank — Concluded.
Total A m ount o f L oa n s , with E ach Specified Rate o f In terest.
Rate.
Amount.
$2,920
23,755
6,000
45,000
69
14
00
00
0 per cent.
2
3è
“
4
“
Amount.
$54,000
20,000
103,350
8,000
Rate.
00
00
00
00
4J per cent.
4|
5
Amount.
$16,200 00
113,803 21
Rate.
5^ per cent.
6
“ -
51
$12,678 73
Value, by books, of real estate, held or owned by foreclosure or otherwise,
17,745 00
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 223
Aggregate amount of the s a m e , ....................................................................
145,073 90
Total number of loans upon real e s t a t e , ...........................................165
Amount of investments from which no income is received,
19,039 19
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1902, .............................................................................
29,345 26
Times for the dividends fixed by the by-laws : first Monday in January
and July; payable on and after January 15 and July 15.
Rate and amount of each semi-annual dividend f ls| per cent., $8,246 36.1
16,545 38
during the year ending Oct. 31, 1902,
.
1 1^ per cent.,
8,299 02
Number of accounts opened during the year ending Oct. 31, 1902, . 267
Number of accounts closed during the year ending Oct. 31, 1902,
. 289
Total number of open accounts Oct. 31, 1902,
. . . .
2,321
Total expenses of the corporation for the year ending Oct. 31,1902 (ex
2,543 85
clusive of t a x e s ) , .....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
93,825 96
Number of s a m e , ............................................................................ 1,924
Amount of withdrawals, including dividends, during the year ending
123,736 39
Oct. 31,1902.....................................................................................................
1,512
Number of s a m e , .....................................................................
Date of examination by commissioner : February 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
42
[Pub. Doc.
BE R K SH IR E C O U N TY SA V IN G S B A N K — P IT T S F IE L D .
Incorporated Feb. 2,1846.
Present number of corporators, 44.
Joseph T u c k e r , President.
R obert W . A d a m , Treasurer.
W il l ia m L. A d a m , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
R obert W . A d a m ,
L e v i A . S te v e n s ,
W il l ia m H . S lo a n ,
C h ar le s W . K e llogg ,
A lexander K e n n ed y.
Open for business every business day except Saturdays, 9 a . m . to 3 p .m . ; Saturdays,
9 a . m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposit in bank, on interest,
Deposits in banks, not on interest,
Expense account,
Cash on hand, . . .
.
$696 000
176,321
11,450
883,937
400
125,000
00
00
00
50
00
00
Deposits, .
Guaranty fund,
Profit and loss account. .
$4,510,597 26
222,500 00
8,597 01
168,000 00
2,247,095 00
199,165 00
183,800
175
23,070
19,937
3,457
3,885
00
00
17
39
28
93
$4,741,694 27
$4,741,694 27
Cash on Deposit in Banks, amount in each : —
Agricultural National Bank, P i t t s f i e l d , ................................................... $8,669 39
Pittsfield National Bank, Pittsfield.................................................................
5,607 45
Third National Bank, Pittsfield,....................................................................
5,660 55
Berkshire Loan and Trust Co., P ittsfield ,...................................................
23,070 17
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
43
SAYINGS BANK COMMISSIONERS.
Berkshire County Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
40 shares Housatonic National Bank, S tock b rid g e,........................................... $2,300 00
9 shares Pittsfield National Bank, P it ts fie ld ,..........................................
700 00
8 shares Pittsfield National Bank, P it t s fie ld ,.......................................
800 00
20 shares Pittsfield National Bank, P it t s fie ld ,...........................................
2,000 00
20 shares Third National Bank, Pittsfield,.......................................... •
1,500 00
8 shares Third National Bank, Pittsfield,...................................................
400 00
9 shares Berkshire Loan and Trust Co., P itts fie ld ,..................................
900 00
2 shares Berkshire Loan and Trust Co., P itts fie ld ,..................................
150 00
5 shares First National Bank, A d a m s , ...................................................
400 00
10 shares Williamstown National Bank, Williamstown, . . . .
600 00
20 shares Williamstown National Bank, Williamstown, .
.
.
. >
l 200 00
13 shares First National Bank, A d a m s , ...................................................S
5 shares First National Bank, A d a m s , ...................................................>
qqq qq
2 shares Pittsfield National Bank, P it ts fie ld ,...........................................j
Loan on Railroad Stock : —
6 shares Boston & Albany R . R . , ...........................................................
$400 00
D etailed Statem ent o f Public F unds.
Par Value.
Massachusetts 3s,
Massachusetts 3ès, .
.
.
.
City of Boston, Mass., 4s,
of Bridgeport, Conn., 3£s,
of Canton, Ohio, 3£s,
of Dayton, Ohio, 3JS,
of Dubuque, Iowa, 4s,
of Grand Rapids, Mich., 4ès, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Newton, Mass., 4s,
of Peoria, 111., 4s,
of Pittsfield, Mass., 4s,
of Saginaw, Mich., 3ès, .
of Taunton, Mass., 4s,
of Waltham, Mass., 3ès, .
Town of Braintree, Mass., 4s, .
of Gt Barrington, Mass., 3£s,
of Marlborough, Mass., 4s, .
of Spencer, Mass., 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
75,000
42,000
12,000
20,000
14,000
38,000
25,000
11,000
25,000
30,000
15,000
45,000
50,000
27,000
25,000
25,000
82,000
75,000
35,000
$696,000
*
Estimated
Market Value.
$25,000
81,370
44,520
12,240
20,200
14,140
40,090
27,562
12,100
27.375
31,650
15,300
46,350
51,000
27,540
25,625
27,312
83,392
79,125
37,275
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$25,000
75,000
42,000
12,000
20,000
14,000
38,000
25,000
11,000
25,000
30,000
15,000
45,000
50,000
27,000
25,000
25,000
82,000
75,000
35,000
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
$729,166 00 $696,000 00
A legal investment when made.
44
[Pub. Doc.
REPORT OF THE
Berkshire County Savings Bank — Continued.
ito. of
Shares.
D etailed Statem ent o f B an k Stocks.
Estimated
Par Value.
50 First National Bank, Adams, .
45 Atlantic Nat’l Bank, Boston, .
109 Atlas National Bank, Boston, .
27 Blackstone Nat’l Bank, Boston,
59 First National Bank, Boston, .
125 Merchants Nat’l Bank, Boston,
60 N’l B’k of Commerce, Boston,
100 N’l B’k of the Republic, Boston,
75 Nat’l Shawmut Bank, Boston,.
53 Nat’l Webster Bank, Boston, .
105 New England N’l B’k, Boston,
70 Second National Bank, Boston,
15 State National Bank, Boston, .
70 First National Bank, Chicopee,
24 Hadley Falls N’l B’k, Holyoke,
35 Lee National Bank, Lee, .
51 Adams N’l B’k, North Adams,
60 Agricultural N’l B’k, Pittsfield,
80 Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
100 Pittsfield Nat’l B’k, Pittsfield,.
65 Third Nat’l Bank, Pittsfield, .
21 Agawam N’l B’k, Springfield,
50 Chapin Nat’l B’k, Springfield,
130 Chicopee N’l B’k, Springfield,
20 First Nat’l Bank, Springfield, .
25 John Hancock National Bank,
Springfield, .
.
.
.
50 Springfield N’l B’k,Springfield,
50 Springfield Safe Deposit and
Trust Co., Springfield,.
10 Housatonic National B a n k ,
Stockbri dge, .
.
.
.
50 T a u n t o n Safe Deposit and
Trust Co., Taunton,
Market Value.
Amount Invested.
$5,000
4,500
10,900
621
5,900
12,500
6,000
10,000
7,500
5,300
10,500
7,000
1,500
7,000
2,400
3,500
5,100
6,000
$6,000
5,850
12,535
162
10,443
23,875
9,000
16,000
17,625
6,254
16,485
13,230
2,280
9,100
3,048
5,775
6,018
14,700
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$5,000
4,500
10,900
621
5,900
12,500
6,000
10,000
7,500
5,300
10,500
7,000
1,500
7,000
2,400
3,500
5,100
6,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
8,000
10,000
6,500
2,100
5,000
13,000
2,000
10,000
12,500
13,000
1,890
6,000
19,500
2,100
00
00
00
00
00
00
00
8,000
10,000
6,500
2,100
5,000
13,000
2,000
00
00
00
00
00
00
00
2,500
5,000
2,550 00
9,250 00
2,500 00
5,000 00
5,000
7,500 00
5,000 00
1,000
1,500 00
1,000 00
5,000
5,000 00
5,000 00
f 176,321 $269,170 00 $176,321 00
D etailed Statem ent o f R ailroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$30,000
35,000
50,000
Estimated
Market Value.
$31,950 00
37,100 00
55,750 00
Amount Invested.
$30,000 00
35,000 00
50,000 00
No. 8.]
45
SAVINGS BANK COMMISSIONERS.
Berkshire County Savings Bank — Continued.
Detailed Statem ent o f R ailroad B o n d s — Concluded.
Par Value.
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 3¿s,
Cleveland & Pittsburgh R.R. 3¿s, .
Cleveland & Pittsburgh R.R. 4¿s, .
Concord & Montreal R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 3¿s, .
.
.
.
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3s,
Illinois Central R.R. 8£s,.
Maine Central R.R. 4s,
New York, New Haven & Hartford
R R. 3 à s , ..................................
Penobscot Shore Line R.R. 4s,.
Portland & Rumford Falls R.R. 4 s,.
Rumford Falls & Rangeley Lakes
R.R 4 s ,...........................................
Vermont Valley R R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
$75,000
50,000
25,000
25,000
25,000
35,000
75,000
25,000
21,000
75,000
125,000
25,000
Estimated
Market Value.
$93,750
49,250
25,375
30,750
27,000
39,550
75,938
27,250
16,800
64,500
123,125
26,000
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$75,000
50,000
25,000
25,000
25,000
35,000
75,000
25,000
21,000
67,937
125,000
25,000
00
00
00
00
00
00
00
00
00
50
00
00
70,000
50,000
20,000
71,400 00
53,000 00
21,600 00
70,000 00
50,000 00
20,000 00
15,000
30,000
10,000
15,750 00
33,000 00
10,400 00
15,000 00
30,000 00
10,000 00
$891,000
$929,238 00
$883,937 50
Boston T erm inal Com pany Bonds.
Par Value.
Boston Terminal Company 3¿s,
$125,000
Estimated
Market Value.
Amount Invested.
$144,375 00 $125,000 00
Total A m ount o f L oans, with Each Specified Rate o f Interest.
Amount.
$13,070 17
10,000 00
110.000 00
Rate.
2 per cent.
31
“
3*
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$30,000 00
154,500 00
395,700 00
Rate.
3| per cent.
4
“
4h
“
Amount.
Rate.
$1,951,885 00 ' 5 per cent.
REPORT OF THE
46
[Pub. Doc.
Berkshire County Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................. $168,000
Estimated value o f the s a m e , ....................................................................
168,000
Assessed value of the s a m e ,............................................................................ 115,000
Net income received from same during year ending Oct. 31, 1902,
.
.
2,577
Number of loans which are of an amount not exceeding $3,000 each, 758
Aggregate amount of the s a m e , ....................................................................
920,360
Total number of loans upon real estate...................................................919
Amount of investments from which no income is received,
.
.
3,600
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
200,445
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend < 1| per cent., $72,163 84 i
during the year ending Oct. 31, 1902,
.
j 1| per cen t, 74,252 78 j
Number of accounts opened during the year ending Oct. 31, 1902,
2,018
Number of accounts closed during the year ending Oct. 31, 1902,
1,531
Total number of open accounts Oct. 31, 1902,
.
.
.
.
12,990
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
............................................................................................. 11,068
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
835,375
Number of s a m e , ............................................................................ 13,567
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , .............................................................................................
755,835
Number of s a m e , ............................................................................
8,889
,
Date of examination by commissioner: September 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
27
00
00
35
62
86
78
71
No. 8.]
47
SAYINGS BANK COMMISSIONERS.
B E V E R L Y S A V IN G S B A N K — B E V E R L Y .
Incorporated Feb. 23,1867.
Present number of corporators, 61.
.R obert R . E ndicott , President.
C h ar i .es H . K i l h a m , Treasurer.
C har les H . K il h a m , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
R obert R . E ndicott ,
G eorge B u tm a n ,
R oland W . B o y d e n ,
Joseph A. W a l l is .
Open for business every business day, 8.30 a .m . to 1.30 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Miscellaneous stocks,*
Cash on hand, .
.
.
.
$25,000
106,562
1,100
400,875
00
37
00
00
20,000
23,287
1.280,099
672,821
00
59
80
95
15,000
7,501
7,775
281
8,887
3,920
00
63
56
01
46
65
Deposits, .
Guaranty fund,
Interest account,
Profit and loss
count, .
$2,573,113 02
.
$2,466,188 55
100,000 00
2,760 85
4,163 62
$2,573,113 02
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Beverly National Bank, Beverly,
National Shawmut Bank, Boston,
$7,775 56
7,501 63
Loans on Bank Stock, amount on each: —
10 shares Beverly National Bank, Beverly,
2 shares Beverly National Bank, Beverly,
45 shares First National Bank, Danvers, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$700 00
200 00
200 00
[Pub. Doc
REPORT OF THE
48
Beverly Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Town of Milton, Mass., 3¿s,
$25,000
Estimated
Market Value.
$25,950 00
Amount Invested.
$25,000 00
)
No. of
Shares.
D etailed Statem ent o f B a n k Stocks.
Par Value.
200 Beverly Nat’l Bank, Beverly, .
50 Atlas National Bank, Boston, .
66 Blackstone N’l Bank, Boston, .
100 Massachusetts N’l B’k, Boston,
100 N’l B’k of Commerce, Boston,
100 National City Bank, Boston, .
2C0 Nat’l Shawmut Bank, Boston,.
25 Tremont Nat’l Bank, Boston, .
18 N’l Grand Bank, Marblehead,.
71 First National Bank, Salem, .
67 Mercantile N’l Bank, Salem, .
87 N’l Exchange Bank, Salem, .
44 Salem National Bank, Salem, .
Estimated
Market Value.
00
00
00
00
00
00
00
00
00
00
00
00
00
$20,000 00
5,000 00
$90,813 $128,003 00
$106,562 37
$20,000
5,000
1,518
10,000
10,000
-
20,000
1,250
1,800
7,100
6,700
3,045
4,400
$28,400
5,750
396
12,900
15,000
100
47,000
125
1,980
4,970
6,767
435
4,180
Amount Invested.
-
15,000 00
10,000 00
-
36,562 37
-
1,800 00
7,100 00
6,700 00
-
4,400 00
Detailed Statem ent o f R ailroad Bonds.
Par Value.
Beech Creek R.R. 4s,
Boston & Maine R.R. 3¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
Cleveland & Pittsburgh R.R. 3ès, .
Eide & Pittsburgh R.R. 3¿s,
Fitchburg R.R. 3£s, .
.
.
.
Illinois Central R.R. 3s, .
Illinois Central R.R. 3¿s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
50.000
75.000
10.000
25.000
20.000
15.000
50.000
75.000
79.000
$409,000
Estimated
Market Value.
$10,700
50.625
74.625
10,300
28,125
20,200
15,150
50.625
63,750
78,210
00
00
00
00
00
00
00
00
00
00
$402,310 00
Amount Invested.
$10,000
50.000
75.000
10.000
25.000
20.000
15.000
50.000
66,875
79.000
00
00'
00
00
00
00
00
00
00
00
$400,875 00
No. 8.]
49
SAYINGS BANK COMMISSIONERS.
Beverly Savings Bank — Concluded.
Total A m ount o f L oa n s , with each Specified R ate o f In terest.
Kate.
Amount.
$5,321
7,501
122,000
366,000
50,000
68
63
00
00
00
0 per cent.
2
4
“
4|
4ä
“
Rate.
Amount.
$321,500
25.000
701,505
25.000
00
00
08
00
44 per cent.
4|
5
“
5g
«
Rate.
Amount.
$109,531
1,100
232,063
10,000
99
00
00
00
54 per cent.
5|
6
“
64
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 536
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................612
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : fourth Wednesday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend j 1| per cent., $40,794 57 1
during the year ending Oct. 31, 1902,
.
1 1| per cent., 41,830 94 1
Number of accounts opened during the year ending Oct. 31, 1902, . 745
Number of accounts closed during the year ending Oct. 31, 1902,
. 557
Total number of open accounts Oct. 31, 1902,
.
.
.
.
6,803
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................4,941
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of s a m e , ............................................................................ 4,962
Date of examination by commissioner: April 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
$
20,000 00
25,000 00
26,625 00
817 71
23,287 59
16,900 00
541,057 80
5,321 68
107,974 77
82,625 51
6,141 46
330,815 34
337,023 93
[Pub. Doc
REPORT OF THE
50
BOSTON F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated April 7, 1854.
Present number of corporators, 49.
A lonzo H . E v a n s , President.
Joseph C. H o lm es , Treasurer.
J oseph H . C a n n e l l , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
A lonzo H. E v a n s ,
Le a n d e e B e a l ,
Sa m u e l A. Cak let o n ,
N a t h a n ie l J. B ust ,
A. H. D avenpor t ,
W il l ia m R. D u p e e ,
W ilm o t R . E v a n s .
Open for business every business day, 9 a .m . to 2 p . m . ; also Saturdays, for deposits
only, 3 to 5 and 6 to 8 p m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Real estate (for banking pur
poses), ..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Real estate, rents and expenses,
Cash on hand, .
. . .
$4,849,500 00
5,600 00
358,200 00
9,500 00
2,769,685 00
10,000 00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Premium account, .
Suspense account, .
$28,917,960 20
1,436,112 23
63,993 78
753,624 78
36,350 25
5,283 19
195,000 00
12,208,731 29
8,746,900 00
731,900 00
1,299,246 77
881 54
3,877 93
24,301 90
$31,213,324 43
$31,213,324 43
Cash on Deposit in Banks, amount in each : —
City Trust Company, B o s t o n , .................................................................... $325,468 34
Commercial National Bank, B o s to n ,...........................................................
15,808
Eliot National Bank, B o s t o n , .................................................................... 31,419 78
Faneuil Hall National Bank, Boston,............................................................
31,166
Mechanics National Bank, Boston..................................................................
5,893
National Bank of Redemption, B o s t o n , ...................................................
25,394
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
65
35
12
59
No. 8.]
51
SAYINGS BANK COMMISSIONERS.
B o sto n F iv e Cents Savings B ank — Continued.
National Security Bank, B o s t o n , ........................................................... $110,532 51
National Shawmut Bank, B o s t o n , ...........................................................
98,168
75,763
Old Colony Trust Company, B oston ,...........................................................
Second National Bank, B o s to n ,....................................................................
330,869
Winthrop National Bank, Boston,
.
.
.
.
.
.
.
.
161,615
Pocasset National Bank, Fall River, •
...................................................
30,000
20,000
National Union Bank, Fall R i v e r , ...........................................................
First National Bank, Malden..........................................................................
35,000
Pynchon National Bank, Springfield,...........................................................
2,146
96
89
05
45
00
00
00
08
Loans on Public Funds, amount on each : —
$2,000 United States 4 s , ............................................................................$2,000 00
2.000 City of Boston, Mass., 5 s , ............................................................
1,600 00
2.000 Town of Winthrop, Mass., 5 s ,...........................................................
2,000 00
Loans on Bank Stock, amount on each: —
62 shares National Security Bank, B o s t o n , ...........................................$4,000 00
70 shares Atlas National Bank, B o s t o n , ...................................................
5,500 00
Loan on Railroad Stock : —
67 shares Boston & Albany R . R . , ........................................................... $10,000 00
Detailed, Statement o f Public Funds.
Par Value.
Massachusetts 3£s,
County of Middlesex, Mass., 4s, .
City of Biddeford, Me., 4s, .
of Boston, Mass., 3às, .
of Boston, Mass., 4s,
of Brockton, Mass., 4 s,.
of Chelsea, Mass., 4s, .
of Chicago, 111., 4s,
of Columbus, Ohio, 4 s ,.
of Detroit, Mich., 7s,
of East Saginaw, Mich., 5s, .
of Fall River, Mass., 3£s,
of Fall River. Mass., 4s,
of Haverhill, Mass., 4s,
of Indianapolis, Ind., 4s,
of Kansas City, Mo., 4£s,
of Keene, N. H., 4s,
of Lowell, Mass., 4s,
of Lynn, Mass., 4s,
of Malden, Mass , 4s, .
of Milwaukee, Wis., 3£s,
of Milwaukee, Wis., 4s,
of Milwaukee, Wis., 5s,
of New York, N. Y., 3is,
of Northampton, Mass., 4s, .
of Quincy, Mass., 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$148,000
80,000
50,000
870,000
559,000
127,000
76,000
323,000
20,000
21,000
8,000
120,000
365,000
126,000
248,000
100,000
13,000
60,000
221,000
10,000
182,500
17,000
186,000
100,000
23,000
30,000
Estimated
Market Value.
$159,120
83,400
50,687
896,662
607,622
134,348
82,655
346,060
20,000
22,680
8,260
121,500
382,987
131,105
271,560
111,625
13,097
63,575
227,207
10,300
184,781
17,212
202,275
104,500
24,063
31,050
Legal investments when made.
00
00
50
50
50
75
00
00
00
00
00
00
50
00
00
00
50
00
50
00
25
50
00
00
75
00
Amount Invested.
$148,000
80.000
50,000
870,000
559,000
127,000
76,000
323,000
20,000
21,000
8,000
120,000
365,000
126,000
248,000
100,000
13,000
60,000
221,000
10,000
182,500
17,000
186,000
100,000
23,000
30,000
00
00
00*
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
REPORT OF THE
52
[Pub. Doc.
Boston Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.
City of Salem, Mass., 5s,
of Somerville, Mass., 4s,
of South Norwalk, Conn., 4s,
Town of Beverlv, Mass., 4s,
of Cromwell, Conn., 3<|s, .
of Danvers, Mass., 5s,
of Melrose, Mass., 4s,
of Reading, Mass., 4s,
of Spencer, Mass., 4s,
of Walpole, Mass., 4s,
of Weymouth, Mass., 4s, .
of No. Attleborough, Mass.
(Fire Dist.), 4s,
of North Easton, Mass.
(Village Dist.), 4 s,.
$100,000
258,000
29,000
71,000
16,000
49,n00
40,000
20,000
5,000
16,000
50,000
Estimated
Market Value.
$102,500
273,480
29,000
74,638
16,200
51,695
44,500
21,850
5,331
16,160
51,500
00
00
00
75
00
00
00
00
25
00
00
Amount Invested.
$100,000
258,000
29,000
71,000
16,000
49,000
40,000
20,000
5,000
16,000
50,000
00
00
00
00
00
00
00
00
00
00
00
72,000
74,880 00
72,000 00
40,000
41,800 00
40,000 00
$4,849,500 $5,111,871 25 $4,849,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
250
274
130
250
62
47
168
108
202
101
200
517
240
50
96
515
283
150
35
150
150
400
50
100
Par Value.
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Rockland Bank, Boston,
Nat’l Shawmut Bank, Boston,.
Nat’l Suffolk Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Winthrop Nat’l Bank, Boston,
First Nat’ l Bank, Maryborough,
Third Nat’l Bank, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
6,302
13,000
25,000
6,2(0
4,700
16,800
10,800
-
10,100
20,000
51,700
24,000
5,000
9,600
51,500
28,300
_
-
7,500
-
40,000
5,000
10,( 00
$370,502
Estimated
Market Value.
$28,750
1,644
14,300
44,250
6,820
8,977
25,200
18,360
202
15,352
31,200
121,495
31,920
8,500
11,328
97,335
43,016
900
770
750
750
68,000
6,000
22,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$25,000 00
-
13,000
25,000
6,200
4,700
16,800
10,800
00
00
00
00
00
00
-
10,100
20,000
51,700
24,000
5,000
9,600
51,500
28,300
00
00
00
00
00
00
00
00
-
1,500 00
-
40,000 00
5,000 00
10,000 00
$607,819 00 $358,200 00
No. 8.]
53
SAYINGS BANK COMMISSIONERS.
Boston Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R 4£s,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 7s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R R. 3ès, .
Manchester & Lawrence R.R. 4s,
New York & New England R.R. 6s,
New York, New Haven & Hartford
R R. 3 è s , ..................................
Old Colony R.R. 4s, .
Estimated
Market Value.
Amount Invested.
$6,000
125,000
300,000
50,000
572,000
18,000
69,685
65,000
200,000
174,000
290,000
$6,600
133.237
339,750
62,500
589,160
18,270
75,359
69,675
198,000
187,920
303,050
00
50
00
00
00
00
80
00
00
00
00
100,000
800,000
102,000 00
875,000 00
$6,000
125,000
300,000
50,000
572,000
18,000
69,685
65,000
200,000
174,000
290,000
00
00
00
00
00
00
00
00
00
00
00
100,000 00
800,000 00
$2,769,685 $2,960,522 30 $2,769,685 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$931,207
40,893
1,594,250
65,000
150,000
250.000
50,000
1,091,000
Kate.
57
12
00
00
00
00
00
00
2
per cent.
2i
3*
3|
3^%
3Ì°U
“
“
“
Kate.
Amount.
$333,000
9,610,500
269,200
2,320,400
121,000
2,745.750
63,000
1,500,950
00
00
00
00
00
00
00
00
3£ per cent.
4
“
4&
“
H
“
4|
“
4i
“
4|
“
4|
Rate.
Amount.
$1,539,691
9,400
162,850
127,900
33,186
2,000
700
29
00
00
00
08
00
00
5 per cent.
6i
5ft
<<
5-1
a
<<
6
(t
64
<<
6è
H
Amount invested in real estate for banking purposes,..................................$195,000 00
Estimated value of the s a m e , ....................................................................
300,000 00
Assessed value of the same.............................................. .
.
.
.
340,000 00
Net income received from same during year ending Oct. 31, 1902,
.
.
432 90
Number of loans which are of an amount not exceeding $3,000 each, 410
Aggregate amount of the same..........................................................................
758,581 29
Total number of loans upon real e s t a t e , ...........................................887
Amount of investments from which no income is received,
.
.
.
2,146 08
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ........................................................... 1,216,799 02
Times for the dividends fixed by the by-laws : second Wednesday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend | 1| per cent., $453,166 13 j g^g
gg
during the year ending Oct. 31, 1902,
.
i 1| per cent., 462,542 45 i
Number of accounts opened during the year ending Oct. 31, 1902, 18,240
Number of accounts closed during the year ending Oct. 31,1902,
12,017
Total number of open accounts Oct. 31, 1902.................................
178,650
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
54
REPORT OF THE
[Pub. Doc.
Boston Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.................................. .................................................. $72,171 74
Amount of deposits, not including dividends, received during the year
6,751,226 06
ending Oct. 31, 1 9 0 2 ,...........................................................
Number of s a m e , ............................................................................
182,366
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1902...................................................................................................... 6,324,893 81
. 128,199
Number of s a m e , ........................................................... ........
Date of examination by commissioners : October 23, 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
55
BOSTON P E N N Y SA V IN G S B A N K — BOSTON.
Incorporated March 9, 1861.
Present number of corporators, 79.
J ohn R e y n o l d s , President.
W
il l ia m
H . D u r k e e , Treasurer.
Louis M. Cl a r k , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
J ohn R eyn o ld s ,
L e w is F . P e r r y ,
A lbert H . H ig g in s ,
W il l ia m A . R ust ,
J. T. E a g e r .
Open for business every business day except Saturdays, 9
days, 9 a . m . to 12 M .
Balance
Sh eet
Oct.
A ssets.
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . .
.
a .m .
to 3
p
.m .
; Satur
31, 1902.
L ia b il it ie s .
$100,000 00
125,000
28,465
2,104,240
985,950
80,509
1,108
6,277
00
00
00
00
09
04
04
$3,431,549 17
Deposits, .
Guaranty fund,
Interest account,
$3,284,830 98
100,000 00
46,718 19
$3,431,549 17
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, B o s t o n , ................................................... $43,949 37
National Bank of the Republic, B o s t o n , ...................................................
36,559 72
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
56
REPORT OF THE
[Pub. Doc.
Boston Penny Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Amount Invested.
$ 1 0 0 ,0 0 0
1 0 0 ,0 0 0
$ 1 0 0 ,0 0 0 0 0
$ 1 0 0 ,0 0 0 0 0
1 0 0 ,0 0 0 0 0
1 0 0 ,0 0 0 0 0
$ 2 0 0 ,0 0 0
$ 2 0 0 ,0 0 0
Par Value.
Chic., Burlington & Quincy R.R. 3¿s,
Illinois Central R.Ll. 3¿s, .
00
$ 2 0 0 ,0 0 0 0 0
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$80,509 09
207,000 00
543,400 00
Kate.
Amount.
Kate.
2¿ per cent.
$160,000 00
1,983,840 00
25,000 00
4| per cent.
5
51
“
4
H
“
“
Amount.
$50,550 00
105,400 00
15,000 00
Rate.
5¿ per cent.
6
6*
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 103
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................340
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
and October; payable the day following.
Rate and amount of each semi-annual dividend f 2 per cent., $53,685 89 i
during the year ending Oct. 31, 1902,
.
I 2 per cent.,
58,234 07 j
Number of accounts opened during the year ending Oct. 31, 1902,
2,784
Number of accounts closed during the year ending Oct. 31, 1902,
1,837
Total number of open accounts Oct. 31, 1902,
.
.
.
.
11,584
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................18,296
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
Number of s a m e , .............................................................................10,500
Date of examination by commissioner : April 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$125,000
125,000
69,000
3,947
00
00
00
35
28,465 00
33,700 00
222,600 00
144,476 65
111,919 96
12,297 95
955,950 34
561,247 30
No. 8.]
SAYINGS BANK COMMISSIONERS.
57
B R A IN T R E E S A V IN G S B A N K — SOUTH B R A IN T R E E .
Incorporated March 21, 1870.
Present number of corporators, 37.
B en ja m in F. D y e r , President.
C. H arrison H o bar t , Treasurer.
C. H arriso n H obart , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
B e n jam in F. D y e r ,
L. B. H o l l is .
N. H. H u nt , /
Open for business every business day, 8 a .m . to 6 p . m .
Balance
Sh eet
Oct.
31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Premium account,
Cash on hand, . . .
.
$27,000
23,730
95,0!'0
20,000
3,143
190,895
31,750
11,604
1,240
110
00
00
00
00
38
00
00
08
00
12
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account. .
Suspense account, .
$382,491 56
11,414 24
8,303 03
1,988 75
275 00
$404,472 58
$404,472 58
Cash on Deposit in Bank : —
National Shawmut Bank, B o s t o n , ........................................................... $11,604 08
Detailed Statement o f Public Funds.
Par Value.
County of Aroostook, Me., 4£s,
City of Boston, Mass., 4s,
of Kansas City, Mo., 4£s,.
of Worcester, Mass., 4£s,.
Town of Braintree, Mass., 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
5.000
10,000
2.000
5,000
$27,000
Estimated
Market Value.
$5,450
5,387
11,100
2,055
5,450
00
50
00
00
00
$29,442 50
Amount Invested.
$5,000
5.000
10,000
2.000
5,000
00
00
00
00
00
$27,000 00
58
[Pub. Doc.
REPORT OF THE
Braintree Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Estimated
Par Value.
20
23
15
20
7
28
25
8
36
15
17
8
25
16
Blackstone Nat’l Bank, Boston,
Central National Bank, Boston,
Freemans Nat’l Bank, Boston,
Manufacturers N’l B’k, Boston,
Merchants Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Brockton Nat’l Bank, Brockton,
Union Market National Bank,
Watertown, .
.
.
.
11 Union Nat’l Bank, Weymouth,
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
$60 00
2,300 00
1,500 00
700
2,800
2,500
800
3,600
1,500
850
800
2,500
$120
2,875
1,650
40
1,337
2,856
4,250
1,216
8,460
2,280
85
1,360
3,000
1,600
1,100
2,240 00
825 00
1,600 00
1,100 00
$23,730
$32,349 00
$23,730 00
$460
2,300
1,500
-
-
700
2,800
2,500
800
5,400
1,500
170
800
2,500
00
00
00
00
00
00
00
00
00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Boston, Concord & Montreal R.R. 6s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3is,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 6s, .
Illinois Central R.R. 3£s, .
Maine Central R.R. 4s,
Maine Central R.R. 4^s, .
.
Newport & Richford R.R. 5s, .
N. Y. & N. B. R.R. (terminal) 4s, .
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Portsmouth, Great Falls & Conway
R.R. 4 J s , ...................................
Upper Coos R.R. 4£s,
Vermont & Massachusetts R.R. os, .
Vermont Valley R.R. 5 s,.
Worcester, Nashua & Roch. R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount Invested.
$5,000
5,000
5,000
1,000
13,000
1,000
5,000
2,000
3,000
5,000
5,000
10,000
5,000
$5,912
5,630
4,950
1,077
14,042
1,075
4,925
2,090
3,255
5,350
6,100
11,200
5,375
50
00
00
50
50
00
00
00
00
00
00
00
00
$5,000
5,000
5,000
1,000
13,000
1,000
5,000
2,000
3,000
5,000
5,000
10,000
5,000
00
00
00
00
00
00
00
00
00
00*
00
00
00
5,000
10,000
5,000
5,000
5,000
6,100
10,825
5,000
5,512
5,525
00
00
00
50
00
5,000
10,000
5,000
5,000
5,000
00
00
00
00
00
$95,000 $103,945 00
A legal investment when made.
$95,000 00
No. 8.]
59
SAYINGS BANK COMMISSIONERS.
Braintree Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$ 2 0 ,0 0 0
Estimated
Market Value.
$23,100 00
Amount Invested.
$ 2 0 ,0 0 0
00
Total Amount o f Loans, with Each Specified Rale o f Interest.
Amount.
$11,604 08
10,000 00
15,000 00
•
Kate.
Amount.
Rate.
2 per cent.
4
“
4h
“
$130,515 00
2,500 00
5 per cent.
5£
“
Amount.
$63,230 00
1,400 00
Rate.
6 per cent.
7
$3,143 38
Value, by books, of real estate, held or owned by foreclosure or otherwise,
2,600 00
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 173
161,345 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................166
Gross amount of interest or profits received or earned, as per books,
18,265 31
during year ending Oct. 3 1 , 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend ( 2 per cent.,
$6,388 82 j
13,229 61
dxtring the year ending Oct 31, 1902,
.
1 2 per cent.,
6,840 79 J
Number of accounts opened during the year ending Oct. 31, 1902, . 218
Number of accounts closed during the year ending Oct. 31, 1902,
. 123
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,187
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
956 19
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
98,009 80
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 1,480
Amount of withdrawals, including dividends, during the year ending
64,139 42
Oct. 31, 1902,
..............................................................................................
Number of s a m e , ............................................................................ 1,090
Date of examination by commissioner : January 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
60
REPORT OF THE
[Pub. Doc.
B R ID G E W A T E R S A V IN G S B A N K — B R ID G E W A T E R .
Incorporated March 19, 1872. Present number of corporators, 19.
L afayet te K e it h , President.
S a m u e l P. G a te s , Treasurer.
G eorge M. H ooper , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
S a m u e l P. G a t e s ,
E d w a r d A. H e w it t ,
G ustavus J. L o w e ,
P a u l 0 . Cl a r k ,
John H . F a ir b a n k s .
Open for business every business day, 8 a . m . to 12.30 p . m . ; 1.30 to 6 p
B alance
Sheet
O ct.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Cash on hand...............................
m.
31, 1902.
L ia b il it ie s .
$71,000
52,691
300
139,862
5,0u0
00
75
00
50
00
5,450
10,000
344,789
70,676
225
12,568
704
6,392
00
00
79
50
00
98
76
95
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$719,662 23
$676.644 51
35.000 00
5,523 28
2,438 44
56 00
$719,662 23
Cash on Deposit in Bank : —
First National Bank, B o s t o n , .................................................................... $12,568 98
Loans on Bank Stock, amount on each : —
1 share Wachusett National Bank, F itch b u rg ,...........................................
3 shares First National Bank, B o s t o n , ................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$100 00
200 00
No. 8.]
61
SAYINGS BANK COMMISSIONERS.
Bridgewater Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
of
of
of
of
of
of
of
of
Akron, Ohio, 4s, .
Bay City, Mich., 5s,
Canton, Ohio, 5 s ,.
Chicago, 111., 4s, .
Dayton, Ohio, 5s,.
Kansas City, Mo., 4£s,
Lewiston, Me., 5s,
Milwaukee, Wis , 5s, .
New Bedford, Mass , 3^s, .
Saginaw, Mich , 5s,
Springfield, Ohio, 5s, .
$5,000
10,000
5.000
5.000
5.000
5.000
5.000
15.000
5.000
1.000
10.000
$71,000
Estimated
Market Value.
$5,250
11,700
5,162
5,400
5,750
5,581
5,975
16,562
5,200
1,020
11,625
00
00
50
00
00
25
00
50
00
00
00
$79,226 25
Amount Invested.
$5,000
10,000
5.000
5.000
5.000
5.000
5.000
15.000
5.000
1.000
10.000
00
00
00
00
00
00
00
00
00
00
00
$71,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
13
50
44
10
55
20
10
30
20
6
69
8
10
22
10
30
22
25
8
36
20
Par Value.
Ahington N’l Bank, Abington,
Blackstone N’l Bank, Boston,
Boylston Nat'l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Fourth National Bank, Boston,
Freemans Nat’l Bank, Boston,
Merchants Nat’ l Bank, Boston,
N’ l B’k of Redemption, Boston,
Nat’l Rockland Bank, Boston,.
Nat’l Security Bank, Boston, .
Nat’l Shawmut Bank, Roston,.
National Suffolk Bank, Boston,
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Washington N’l Bank. Boston,
Brockton N’ l Bank. Brockton,
Home Nat’l Bank, Brockton, .
Blue Hill Nat’l Bank, Milton..
Plymouth N’l Bank, Plymouth,
Bristol Co. N’l Bank. Taunton,
Taunton Safe Deposit & Trust
Company, Taunton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 1,300
1,150
4,400
1,000
5,500
2,000
1,000
3,000
2,0'»0
600
6,900
800
1,000
2,200
-
3,000
2,200
2,500
800
3,600
Estimated
Market Value.
$1,235
300
4,840
1,370
7,150
2,200
1,910
5,H 0
3,120
1,500
16,215
1,064
820
3,344
50
3,600
3,850
3,500
880
4,320
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,300
1,150
5,546
1,000
5,875
2,000
1,000
3,000
2,770
600
10,350
800
1,000
2,200
00
00
75
00
00
00
00
00
00
00
00
00
00
00
-
3,000
2,200
2,500
800
3,600
00
00
00
00
00
2,000
2,000 00
2,000 00
$46,950
$68,368 00
$52,691 75
[Pub. Doc.
KEPORT OF THE
62
Bridgewater Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Bennington & Rutland R.R. 4^s,
Boston & Maine R.R. 4£s,
Burlington & Missouri River R.R. 6s,
Fitchburg R R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s, .
Illinois Central R.R. 4s, .
Mahoning Coal R.R. 5s, .
Maine Central R.R. 7s,
Milwaukee, Lake Shore & Western
R.R, 5s,...........................................
New York & New England R.R. 6s,
Northern Illinois R.R. 5s,
Old Colony R.R. 4s, .
Portland & Rumford Falls R.R. 4 s,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Troy & Boston R.R. 7s, .
Upper Coos R.R. 4£s,
Amount Invested.
$5,000
10,000
5,000
5,000
5,000
5,000
10,000
15,000
5,000
20,000
3,487
12,500
5,950
5,062
5,500
5,400
9,900
16,650
6,300
25,600
50
00
00
50
00
00
00
00
00
00
3,000
10,000
5,000
5,000
5,000
5,000
10,000
15,000
5,000
20,000
00
00
00
00
00
00
00
00
00
00
5,000
5,000
5,000
10,000
2,000
6,150
5,225
5,450
11,250
2,160
00
00
00
00
00
5,000
5,000
5,000
10,000
2,000
00
00
00
00
00
10,000
5,000
10,000
13,000 00
7,450 00
11,550 00
10,000 00
7,862 50
10,000 00
$137,000 $160,585 00
$139,862 50
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3às,
$5,000
Estimated
Market Value.
$5,775 00
Amount Invested.
$5,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$12,568 98
•4,000 00
10,000 00
1£ per cent.
4
41
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$31,000 00
10,000 00
221,050 00
Rate.
4£ per cent.
4|
«
5
Amount.
$8,500 00
131,441 29
Rate.
5i per cent.
6
No. 8.]
SAYINGS BANK COMMISSIONERS.
63
Bridgewater Savings Bank — Concluded.
Amount invested in real estate for banking purposes, .
.
.
$5,450 00
5,450 00
Estimated value of the s a m e , ....................................................................
6,000 00
Assessed value of the s a m e ,...................................................
.
.
12 41
Net income received from same during year ending Oct. 31, 1902,
Yalue, by books, of other real estate, held or owned by foreclosure or
10,000 00
o th e rw is e ,......................................................................................................
5,300 00
Assessed value of the s a m e ,............................................................................
N e t income received from same during year ending Oct. 31, 1902,
294 77
Number of loans which are of an amount not exceeding $3,000 each, 254
218,691 29
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................245
18,000 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, dur
35,820 34
ing year ending Oct. 31, 1 9 0 2 ,....................................................................
Times for the dividends fixed by the by-law s: April 1 and October 1;
payable oh same days.
Rate and amount of each semi-annual dividend $ 1| per cent., $11,167 28 ) 22,492 03
during the year ending Oct. 31, 1902,
.
t 1| per cent., 11,324 75 J
Number of accounts opened during the year ending Oct. 31, 1902, . 269
Number of accounts closed during the year ending Oct. 31, 1902,
. 229
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,199
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,208 97
Amount of deposits, not including dividends, received during the year
130,283 72
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 1,931
Amount of withdrawals, including dividends, during the year ending
140,750 27
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e ,.............................................................................1,905
Date of examination by commissioner: April 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
64
REPORT OF THE
[Pub. Doc
B R IG H T O N F IV E CENTS SA V IN G S B A N K - (W ard 25)
BOSTON.
Incorporated March 28, 1861.
1 N. W
arren
Present number of corporators, 74.
San b o r n , President.
G eorge E. B rock , Treasurer.
G eorge E. B rock , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
N . W a r r e n S a n bo r n ,
W ebster F . W a r r e n ,
B e n jam in M. F is k e ,
F r a n k G. N e w h a l l ,
G r a n v il l e A. F u l l e r .
Open for business every business day except Saturdays, 9 a .m . to 12 m . ; 2 to 4 p
Saturdays, 9 a . m . to 12 m . ; and for deposits only, 7 to 9 p . m .
Balance
Sheet
Oct.
.;
31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate (for banking purposes), ..................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Suspense account,
Miscellaneous stocks and bonds,*
Cash on hand, . . . .
$137,575
19,634
351,084
400
20,000
00
00
50
00
00
7,000
4,827
688,755
68,675
27,388
1,503
143
5,000
1,492
00
90'
00
00
52
19
90
00
17
Deposits, .
$1,265,097 25
30,700 00
Guaranty fund,
Interest account,
20,500 89
Profit and loss account, .
3,162 47
Due on mortgage
loans,
13,525 00
Rent account, .
493 57
*
$1,333,479 18
*
$1,333,479 18
Taken to secure indebtedness.
Cash on Deposit in Bank : —
National Market Bank of Brighton, B o s t o n , ...........................................$27,388 52
Loan on Railroad Stock : —
3 shares Boston & Albany R .R.,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
m
No. 8.]
65
SAVINGS BANK COMMISSIONERS
Brighton Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.
County of Aroostook, Me., 4ès,
City of Belfast, Me., 4s, .
of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Bridgeport, Conn., 4s, .
of Brockton, Mass., 4s,
of Cambridge, Mass., 6s, .
of Central Falls, R.I., 4 s,.
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 5s,
of Everett, Mass., 4s,
of Gloucester, Mass., 4s, .
of Kansas Cit}7, Mo., 4£s, .
of Lynn, Mass., 4s, .
of Newton, Mass., 4s,
of St. Joseph, Mo., 3is, .
Town of Winchester, Mass., 4s,
$5,487
10,825
10,500
5,525
5,537
5,266
1,000
5,275
2,102
10,800
5,472
3,000
5,518
1,000
27,906
6,120
11,400
20,200
4,320
$5,000
10,000
10,000
5,000
5,000
5,000
1,000
5,000
2,000
10,000
5,000
3,000
5,000
1,000
25,000
6,000
10,000
20,000
4,000
50
00
00
00
50
25
00
00
50
00
50
00
75
00
25
00
00
00
00
$5,000
10,000
10,575
5,000
5,000
5,000
1,000
5,000
2,000
10,000
5,000
3,000
5,000
1,000
25,000
6,000
10,000
20,000
4,000
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
$137,000 $147,256 25 $137,575 00
* A
legal investment when made.
Detailed Statement o f Bank Stocks.
V- ^
C <1>
c *
fe 5
8
12
5
15
14
25
10
30
13
30
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Central National Bank, Boston,
Eliot National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
Metropolitan Nat’l B’k, Boston,
N’l B’k of Redemption, Boston,
N’l Market Bank of Brighton,
Boston,..................................
4 National Suffolk Bank, Boston,
13 Nat’l Webster Bank, Boston, .
18 Old Boston N’l Bank, Boston,.
13 State National Bank, Boston, .
6 Suffolk National Bank, Boston,
10 Third National Bank, Boston,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
AiiiuuiiL In vostBiii
$184
1,200
500
1,500
1,400
250
1,000
3,000
1,300
$48
1,320
625
2,490
1,540
125
1,910
3,210
2,210
00
00
00
00
00
00
00
00
00
$184
1,200
500
1,500
1,400
250
1,000
3,000
1,300
00
00
00
00
00
00
00
00
00
3,000
400
1,300
1,800
1,300
—
3,060
532
1,534
1,998
1,976
36
220
00
00
00
00
00
00
00
3,000
400
1,300
1,800
1,300
00
00
00
00
00
—
[Pub. Doc.
REPORT OF THE
66
Brighton Five Cents Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
12
5
4
Par Value.
Tremont Nat’l
First National
Union Market
Watertown,
Bank, Boston, .
Bank, Lynn,
National Bank,
.
.
.
.
Estimated
Market Value.
Amount Invested.
$600
500
$60 00
590 00
$600 00
5Ô0 00
400
560 00
400 00
$19,634
$24,044 00
$19,634 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4 s,.
Cleveland & Pittsburgh R.R. 3¿s, .
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R R. 4s, .
Erie & Pittsburgh R.R. 3¿s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4¿s, .
.
.
.
Fitchburg R.R. 5s, •
Illinois Central R.R. 3¿s, .
Illinois Central R R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 5s,
Maine Central R.R. 7s,
Maine Central and European &
North American R R. 4s,
Menominee Extension R R. 7s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 3¿s,
.
.
.
.
.
Old Colony R R . 4s, .
Penobscot Shore Line R.R. 4 s ,.
Portsmouth, Great Falls & Conway
R.R. 4 è s , ..................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Troy & Boston R.R. 7s, .
Winona & St. Peters R.R. 7s, ,
Worcester, Nashua & Rochester
R.R. 4 s,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
30,000
7,000
3,000
25,000
10,000
15,000
10,000
10,000
10,000
32,000
4,000
7,000
10,000
20,000
16,000
1,500
6,000
Estimated
Market Value.
$10,600
32,065
7,875
3,127
24,875
10,725
15,675
10,800
11,000
10,100
34,750
4,400
7,410
9,900
22,200
16,680
1,683
7,680
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
75
00
Amount Invested.
$10,000
30,000
7,000
3,000
25,000
11,075
15,000
9,997
11,200
10,437
33,482
4,000
7,000
9,962
22,650
16,000
1,500
6,000
00
00
00
00
00
00
00
50
00
50
50
00
00
50
00
00
00
00
10,000
500
8,000
10,900 00
620 00
8,500 00
10,000 00
500 00
8,000 00
20,000
9,000
20,000
20,400 00
9,962 50
21,200 00
21,050 00
9,000 00
22,050 00
10,000
12,100 00
10,000 00
10,000
10,000
5,000
13,000 00
14,900 00
6,825 00
10,000 00
15,542 00
6,000 00
-5,000
5,475 00
5,637 50
$334,000
$365,428 75 $351,084 50
No. 8.]
67
SAYINGS BANK COMMISSIONERS.
Brighton Five Cents Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3is,
$20,000
Estimated
Market Value.
$23,100 00
Amount Invested.
$20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$27,388 52
25,000 00
Kate.
2 per cent.
4
“
Amount.
$23,000 00
602,900 00
Kate.
4^ per cent.
5
“
Amount.
$27,300 00
79,630 00
Kate.
5£ per cent.
6
“
Amount invested in real estate for banking purposes,.............................$7,000
00
Estimated value of the s a m e , ...........................................................
7,000
00
Assessed value of the s a m e ,...................................................................
7,400
00
Net income received from same during year ending Oct. 31, 1902, .
.
35 74
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,.............................................................................................
4,827
90
Assessed value of the s a m e ,...................................................................
8,600
00
Net income received from same during year ending Oct. 31, 1902, .
.
432 51
Number of loans which are of an amount not exceeding $3,000 each, 203
Aggregate amount of the s a m e , ....................................................................
307,080 00
Total number of loans upon real e s t a t e , ...........................................366
Amount of investments from which no income is received,
.
.
.
6,034 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................
56,103 58
Times for the dividends fixed by the by-laws: first Saturday in January
and July; payable the following Monday.
Rate and amount of each semi-annual dividend t 1| per cent., $19,455 36 ) gg ^ ^
during the year ending Oct. 31, 1902, .
. I 1| per cent., 19,878 79 )
’
Number of accounts opened during the year ending Oct. 31, 1902,
. 743
Number of accounts closed during the year ending Oct. 31, 1902,
. 433
Total number of open accounts Oct. 31, 1902,
. . . .
4,982
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
3,927 03
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
293,155 56
Number of s a m e , ..................................................................................... 6,205
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
240,843 64
Number of s a m e , ......................................................................................3,589
Date of examination by commissioner: January 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
68
REPORT OF THE
[Pub. Doc.
BR ISTO L C O U N TY S A V IN G S B A N K — T A U N TO N .
Incorporated March 2, 1846.
J oseph E. W
Present number of corporators, 68.
President.
A lfred C. P l a c e , Treasurer.
A l f r ed C. P l a c e , Clerk o f the Corporation.
il b a r ,
Names of committee charged with the investment of its funds:
Joseph E . W il b a r ,
E zra D a v o l ,
S ilas D . P r e s b r e y ,
W il l ia m H . F o x ,
Z acheus S h e r m a n .
Open for business every business day except Saturdays, 9 a . m . to 1 p .m . ; Saturdays,
9 a .m . to 4 P.M.
Balance
Sheet
Oct.
A ssets.
31, 1902.
L ia b il it ie s .
Public funds, as per schedule, . $1,093,000 00
231,900 00
Bank stock, as per schedule,
7,700 00
Loans on bank stock,
960.000 00
Railroad bonds, as per schedule,
200.000 00
Boston Terminal Co bonds,
Real estate (for banking pur
25,000 00
poses), ..................................
1,146,510 00
Loans on real estate, .
1,445,425 00
Loans on personal security,
Loans to counties, cities or towns
124,000 00
( n o t e s ) ,..................................
134,725 36
Deposits in banks, on interest, .
699 20
Expense account,
5.582 07
Cash on hand, .
. . .
$5,374,541 63
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$5,070,503 86
253,000 00
27,999 40
23,038 37
$5,374,541 63
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, B o s t o n , ................................................... $53,431 20
National Exchange Bank, B o s t o n , ............................................................11,521 84
Holyoke National Bank, Holyoke...................................................................
15,000
Pvnchon National Bank, Springfield,............................................................
3,552
Bristol County National Bank, T a u n t o n ,...................................................
26,220
Machinists National Bank, T au nton,............................................................
25,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
05
27
00
No. 8.]
SAVINGS BANK COMMISSIONERS.
69
Bristol County Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
10 shares First National Bank, New B e d f o r d ,.......................................$1,000 00
12 shares Taunton National Bank, T a u n t o n , ..........................................
600
55 shares Taunton National Bank, T a u n t o n , ...........................................
5,000
10 shares Taunton National Bank, T a u n t o n , ...........................................
700
7 shares Taunton National Bank, T a u n t o n , ...........................................
400
00
00
00
00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3<£s, .
City of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4 s,.
of Detroit, Mich , 4s,
of Gloucester, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass , 4s,
of Kansas City, Mo., 4s, .
of Kansas City, Mo., 4 is ,.
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Manchester, N. H , 4s,.
of Minneapolis, Minn., 4s,
of New Bedford, Mass., 3£s,
of New Bedford, Mass., 4s,
of New London, Conn., 4s,
of Newport, R. I., 4s,
of Newton, Mass , 4s,
of Pawtucket, R. I., 4s, .
of Providence, R. 1 , 3s, .
of Providence, R. 1 , 5s, .
of Somerville, Mass., 4s, .
of Springfield, Ohio, 4£s,.
of Taunton, Mass., 4s,
of Woonsocket, R. I., 4s, .
Town of Cranston, R. 1 , 4s,
of Rockland, Mass., 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$50,000
35,000
50,000
100,000
50,000
20,000
50,000
25,000
50,000
50,000
25,000
25,000
20,000
50,000
25,000
25,000
15,000
35,000
30,000
10,000
50,000
20,000
50,000
23,000
20,000
20,000
50,000
50,000
50,000
20,000
Estimated
Market Value.
$54,000
37,200
52,000
106,000
51,300
20,200
55,000
25,750
55,000
52,000
26,000
27,500
20,400
52,000
26,750
27,000
15,300
38,850
32,400
10,100
54,000
20,600
50,000
23,460
20,200
21,400
54,100
53,400
54,000
21,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$50,000
35,000
50,000
100,000
50,000
20,000
50,000
25,000
50,000
50,000
25,000
25,000
20,000
50,000
25,000
25,000
15,000
35,000
30,000
10,000
50,000
20,000
50,000
23,000
20,000
20,000
50,000
50,000
50,000
20,000
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00*
00
00
$1,093,000 $1,156,910 00 $1,093,000 00
Legal Investments when made.
[Pub. Doc
REPORT OF THE
70
Bristol County Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
100
50
100
100
31
150
100
50
100
150
100
100
50
100
100
100
108
25
50
30
100
150
200
100
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Fii’st National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,
Mt. Vernon Nat’l B’k, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Rockland Bank, Boston,.
National Union Bank, Boston,
Peoples National B’k, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,.
First N’l Bank, North Easton,
Bristol Co. Nat’l B’k, Taunton,
Machinists Nat’l B’k, Taunton,
Taunton Nat’l Bank, Taunton,
Third Nat’l Bank, Springfield,
$10,000
10,000
5,000
10,000
10,000
3,100
15,000
10,000
5,000
10,000
15,000
10,000
10,000
5,000
10,000
10,000
10,000
10,800
1,250
5,000
3,000
10,000
15,000
20,000
10,000
$233,150
Estimated
Market Value.
$13,000
11,500
5,500
13,700
17,700
3,410
28,650
10,700
5,100
15,000
25,500
16,000
15,200
7,800
17,000
12,000
18,900
16,416
125
5,000
3,750
12,000
24,000
23,000
22,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000 00
10,000 00
5,000 00
10,000 00
10,000 00
3,100 00
15,000 00
10,000 00
5,000 00
10,000 00
15,000 00
10,000 00
10,000 00
5,000 00
10,000 00
10,000 00
10,000 00
10,800 00
5,000 00
3,000 00
10,000 00
15,000 00
20,000 00
10,000 00
$342,951 00 $231,900 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R 3ès,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R, 4s,
Boston & Maine R.R. 3ès,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3^s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R 3£s, .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s, .
Maine Central R.R. 4s,
Maine Central R.R. 4<|s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$50,000
$52,000 00
$50,000 00
50,000
50,000
50,000
50,000
50,000
50,000
50,000
100,000
40,000
50,000
25,000
25,000
54,500
50,500
50,500
55,500
53,500
50,000
53,500
100,000
40,000
50,000
25,750
26,750
50,000
50,000
50,000
50,000
50,000
50,000
50,000
100,000
40,000
50,000
25,000
25,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
No. 8.]
71
SAYINGS BANK COMMISSIONERS.
Bristol County Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
New York, New Haven & Hartford
R.R. 3 4 s , ..................................
New York, New Haven & Hartford
R.R. 4s, ...........................................
Old Colony R.R. 4 s ,.
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
Estimated
Market Value.
Amount Invested.
$50,000
$51,000 00
$50,000 00
50.000
150,000
20.000
50,000
56,500
165,000
20,000
52,900
50.000
150,000
20.000
50,000
00
00
00
00
00
00
00
00
$960,000 $1,007,900 00 $960,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
Estimated
Market Value.
Amount Invested.
$200,000 $231,000 00 $200,000 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$91,173
25.000
20.000
40.000
20.000
433,752
Rate.
31
00
00
00
00
05
2 per cent.
3
“
34
“
3|
“
3&
“
4
“
Amount.
$80,000
293,100
40,000
586,025
250,600
Rate.
00
00
00
00
00
4j per cent.
4j
4|
44
4|
“
Amount.
$444,430
63,175
126,240
30,000
314,865
Rate.
00
00
00
00
00
Amount invested in real estate for banking purposes,
. . .
.
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 557
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................608
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: April 1 and October 1;
payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5 per cent.
54
“
54
“
5|
6
“
$25,000 00
30,000 00
31,500 00
483,030 00
229,549 40
72
REPORT OF THE
[Pub. Doc
Bristol County Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $96,639 88
during the year ending Oct. 31, 1902,
Number of accounts opened during the year ending Oct. 31, 1902,
1,216
Number of accounts closed during the year ending Oct. 31, 1902,
1,113
Total number of open accounts Oct. 31, 1902,
.
.
.
.
11,822
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2,.....................................................................................
Number of s a m e , .............................................................................9,064
Amount of withdrawals, including dividends, during the] year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , ............................................................................ 8,723
Date of examination by commissioner : April 15.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9,431 97
652,207 28
744,301 11
No. 8.]
73*
SAYINGS BANK COMMISSIONERS.
B R O A D W A Y SA V IN G S B A N K — L A W R E N C E .
Incorporated March 9, 1872.
Present number of corporators, 34.
A lfred A . L a m p r e y , President.
G ilb er t E. H ood , Treasurer.
G il b e r t E. H ood, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A lfred A. L a m p r e y ,
T hom as S cott,
A aron A. C u r r ie r ,
W il l ia m F. R u tt er ,
L angdon E. L o c k e .
Open for business every business day except Saturdays, 9 a .m . to 1 p . m . ; Saturdays,.
9 a . m . to 12 m . ; 2 to 3 p .m .
Balance
Sh eet
Oct.
31, 1902.
A ssets.
Lia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Bank stock,*
.
.
.
.
Cash on hand, .
.
.
.
$239,600
84,250
41,050
278,750
15,000
1,274,858
564,450
00
00
00
00
00
50
00
14,110
11,547
5,000
13,500
1,784
00
71
00
00
95
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$2,543,901 16
*
$2,418,709 99
98,600 00
16,591 17
10,000 00
$2,543,901 16
Taken to secure indebtedness.
Cash on Deposit in Bank: —
Lawrence National Bank, Lawrence,............................................................$16,547 71
Loans on Bank Stock, amount on each : —
29 shares Lawrence National Bank, L a w r e n c e , .................................. ]
10 shares Arlington National Bank, L a w r e n c e , .................................. j
10 shares Merchants’ National Bank, L a w r e n c e ,.................................. }3 shares Bay State National Bank, L a w r e n c e , .................................. j
9 shares Methuen National Bank, M eth u en ,...........................................J
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,800 00>
[Pub. Doc
REPORT OF THE
74
Broadway Savings Bank — Continued.
$750 00
11 shares Lawrence National Bank, Lawrence,
100 shares Methuen National Bank, Methuen, .
150 shares Merchants’ National Bank, Boston, .
100 shares First National Bank, Nashua, N. H.,
7 shares Beverly National Bank, Beverly,
30 shares Lawrence National Bank, Lawrence,
8,000 00
14.000 00
10.000 00
3,500 00
Detailed Statement o f Public Funds.
Par Value.
County of Aroostook, Me., 4£s,
City of Chicago, 111., 4s, .
of Concord, N. H., 4s,
of East Providence, R. I., 4s, .
of Fort Wayne, Ind , 3£s,
of Lawrence, Mass., 4s, .
of Lynn, Mass., 4s, .
of Peoria, 111., 4£s, .
of Quincy, Mass., 3^s,
of Saginaw, Mich., 3£s, .
Town of Ft. Fairfield, Me., 4is,
of Marlborough, Mass., 4s, .
of Methuen, Mass., 4s, .
of Wakefield, Mass., 3£s,
§10,000
25,000
25,000
55,000
20,000
10,000
15,000
18,000
8,000
21,600
11,000
5,000
10,000
6,000
Estimated
Market Value.
§10,850
26,750
27,250
57,750
20,200
11,000
16,250
18,720
8,040
21,600
11,550
5,250
10,800
6,050
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
§10,000
25,000
25,000
55,000
20,000
10,000
15,000
18,000
8,000
21,600
11,000
5,000
10,000
6,000
00
00
00
00*
00
00
00
00*
00
00
00
00
00
00
§239,600 §252,060 00 §239,600 00
*
Legal investments when made.
ko. o f
Shares.
Detailed Statement o f Bank Stocks.
50
50
50
100
100
44
186
33
5
66
85
64
140
Par Value.
Colonial Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Manufacturers’ N’l B’k,Boston,
N’l B’k of Commerce, Boston,
N’l B'k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston,.
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Bay State N’l Bank, Lawrence,
Lawrence N’l B’k, Lawrence, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
§7,500 00
5,000 00
$75,450 §120,589 00
$84,250 00
$5,000
5,000
-
10,000
10,000
-
18,600
3,300
500
-
4,250
4,800
14,000
$7,500
8,300
100
15,000
17,000
44
43,710
3,894
760
396
425
7,360
16,100
-
10,000 00
10,000 00
-
27,900 00
3,300 00
500 00
-
1,250 00
4,800 00
14,000 00
75
SAYINGS BANK COMMISSIONERS.
No. 8.]
Broadway Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.
$50,000
25.000
10.000
50.000
50.000
50.000
25.000
20.000
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3s, .
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Old Colony R.R. 4s............................
Portland & Ogdensburg R.R. 3ès, .
Estimated
Market Value.
$51,000
23.000
12,400
53.500
54.000
53.500
27,875
20.000
Amount Invested.
00
00
00
00
00
00
00
00
$50,000
23,750
10,000
50.000
50.000
50.000
25.000
20.000
00
00
00
00
00
00
00
00
$280,000 $295,275 00 $278,750 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
A m ou n t.
$11,547
10,000
176,610
20,000
71
00
00
00
3 per cent.
3.60 “
4
»
4è
“
Amount.
|
$225,000
349,225
50,000
1,036,083
Rate.
00
00
00
50
4| per cent.
44
“
5
“
4£
$11,175 00
14,575 00
1,800 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 324
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .......................................... 431
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend ( 2 per cent., $41,942 39
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
43,810 28
Number of accounts opened during the year ending Oct. 31, 1902,
1,423
Number of accounts closed during the year ending Oct. 31, 1902;
. 940
.
.
.
.
5,382
Total number of open accounts Oct. 31, 1902,
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)....................................................
the year
Amount of deposits, not including dividends, received du
ending Oct. 31, 1 9 0 2 ,............................................................
8,134
Number of s a m e , ....................................................................
r ending
Amount of withdrawals, including dividends, during the
Oct. 31, 1 9 0 2 , ....................................................................
4,366
Number of s a m e , ....................................................................
Date of examination by commissioner: January 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
Amount.
5J per cent.
6
“
7
$15,000 00
18,000 00
36 36
511,308 50
18,500 00
104,643 80
85,752 67
6,247 73
631,505 89
479,944 83
REPORT OF THE
76
[Pub. Doc
BROCKTON S A V IN G S B A N K — BROCKTON.
Incorporated March 3, 1881. Present number of corporators, 49.
B a a l is San fo r d , President.
C h ar le s C. C ro o k er , TreasurerE d w a r d M. T hompson , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A. C ranston T hom pson ,
G a r d n e r J. K in g m a n ,
B a a l is San fo r d ,
E nos H. R e y n o l d s ,
B radford E . J ones .
Open for business every business day except Saturdays, 9 a . m . to 2 p .m . ; Saturdays*.
'9 a .m . to 12 M.
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest.
Expense account,
Taxes paid,
. . .
.
Furniture and fixtures,
Premium account,
Cash on hand, .
. . .
$329,800
12,335
409,000
50,000
00
75
00
00
88,000
28,418
1,481,025
926,650
94,500
187
527
575
2,000
8,000
9,493
00
95
00
00
00
40
44
11
00
00
34
$3,440,512 99
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Real estate income
account,
Suspense account, .
Due on mortgage
loans, .
$3,302,350 00
109,500 00
7,466 22
10,000 00
2,933 40
433 37
7,830 00
$3,440,512 99
Cash on Deposit in Banks, amount in each : —
Brockton National Bank, Brockton, .
Home National Bank, Brockton,
Massachusetts Trust Company, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$26,292 80
38,135 96
30,258 64
No. 8.]
77
SAYINGS BANK COMMISSIONERS.
Brockton Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
County of Middlesex, Mass., 4s,
City of Brockton, Mass., 3£s, .
of Brockton, Mass., 4s,
of Cleveland, Ohio, 5s,
of Fall River, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton, Mass , 4s,
of Somerville, Mass,, 4s, .
of Stamford, Conn , 3£s, .
Town of Melrose, Mass., 4s, .
of Middleborough, Mass., 4s,
of Orange, Mass., 4s,
$20,000
43,000
68,800
25,000
25.000
35,000
4,000
6,000
25,000
21,000
17,000
25,000
5,000
10,000
$329,800
*
Estimated
Market Value.
$20,075
44,480
73,185
25,250
27,812
38,675
4,180
6,270
28,500
21,420
17,550
28,125
5,275
10,475
00
00
00
00
50
00
00
00
00
00
00
00
00
00
Amount Invested.
$20,000
43,000
68,800
25,000
25,0t 0
35,000
4,0( 0
6,000
25,000
21,000
17,000
25,000
5,000
10,000
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
$351,272 50 $329,800 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
25
50
9
50
20
Par Value.
Nat’l Shawmut Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Brockton N’l Bank, Brockton,
Home Nat’l Bank, Brockton, .
$2,500
-
450
5,000
2,000
$9,950
Estimated
Market Value.
$5,875
1,100
45
6,000
3,500
Amount Invested.
00
00
00
00
00
$5,000 00
$16,520 00
$12,335 75
-
335 75
5,000 00
2,000 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3ès,
Cleveland & Pittsburgh R.R. 4¿s, .
Concord & Montreal R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11,000
25.000
30.000
50.000
10.000
10,000
Estimated
Market Value.
$12,100
26,462
32,625
49,750
12,400
10,800
00
00
00
00
00
00
Amount Invested.
$11,000
25.000
30.000
50.000
10.000
10,000
00
00
00
00
00
00
[Pub. Doc.
REPOET OF THE
78
Brockton Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R R. ös, .
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
Newport & Richford R R. 5s, .
New York, New Haven & Hartford
R.R. 3 è s , ..................................
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
$20,000
20,000
45,000
5,000
25,000
6,000
Estimated
Market Vaine.
$23,700
20,000
44,550
5,550
32,000
6,390
00
00
00
00
00
00
Amount Invested
$20,000
20,000
45,000
5,000
25,000
6,000
00
00
00
00
00
00*
50,000
33,000
22,000
51,000 00
36,720 00
23,320 00
50,000 00
33,000 00
22,000 00
25,000
9,000
13,000
33,000 00
9,000 00
13,750 00
25,000 00
9,000 00
13,000 00
$409,000
$443,117 00
$409,000 00
* A legal investment when made.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3js,
$50,000
Estimated
Market Value.
$57,750 00
Amount Invested.
$50,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
Kate.
2 per cent.
3
4
4i
$284,800 00
18,000 00
923,925 00
4£ per cent.
4|
5
“
Amount.
$64,300
30,200
876,500
75,000
00
00
00
00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$45,875 00
182,075 00
1,500 00
Rate.
5£ per cent.
6
“
6è
“
No. 8.]
SAVINGS BANK COMMISSIONERS.
79
Brockton Savings Bank — Concluded.
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,.................................................................... ........
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 474
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................535
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 1, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws: April 15 and October 15;
payable on same days.
Rate and amount of each semi-annual dividend $ 1| per cent., $51,279 15 |
during the year ending Oct. 31, 1902,
.
( 1| per cent., 52,603 86 i
Number of accounts opened during the year ending Oct. 31, 1902,
2,404
Number of accounts closed during the year ending Oct. 31,1902,
1,703
Total number of open accounts Oct. 31, 1902,
.
.
.
.
12,911
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct 3 1 ,1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................17,284
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
Number of s a m e , ...................................................
12,366
Date of examination by commissioner: May 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$88,000 00
100,000 00
96,750 00
538 41
28,418 95
39,000 00
535,225 00
335 75
142,582 54
103,883 01
7,780 88
930,351 84
806,634 94
[Pub. Doc.
REPORT OF THE
.80
B R O O K LIN E S A V IN G S B A N K — B R O O K LIN E .
Incorporated Feb. 24, 1871. Present number of corporators, 40.
“W il l ia m H . L in co l n , President.
W il l ia m E. L incoln , Treasurer.
W il l ia m E. L in co l n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W il l ia m E. L in co l n ,
A l f r ed E. K e n r ic k ,
C h ar le s H . S t ear n s ,
E d w ard M . F arnsw orth ,
H orace Ja m e s ,
B urton W . N e a l .
Open for business every business day, 9 a .m . to 1 p .m . ; also Mondays and Wednesdays,
3 to 5 p .m . ; Saturdays (except in August), 6 to 8 p . m .
Balance
S heet
O ct.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Furniture account,
Taxes paid,
. . .
.
Bank liquidation account,
Cash on hand, .
.
.
.
31, 1902.
$135,800
19,650
316,281
52,687
00
00
25
50
25,723
50,375
1,587,825
667,250
68
19
00
00
25,000
27,681
2,782
1,000
478
336
2,020
00
16
67
00
52
00
18
$2,914,891 15
Deposits, .
Guaranty fund,
Interest account,
Rent account, .
D u e on mortgage
loans, .
$2,831,906
46,260
30,254
670
61
00
54
00
5,800 00
$2,914,891 15
Cash on Deposit in Banks, amount in each : —
Central National Bank, B o s to n ,.................................................................... $20,000 00
............................................................
3,126 32
National Shawmut Bank, Boston,
Brookline National Bank, B rooklin e,...........................................................
4,554 84
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
81
SAYINGS BANK COMMISSIONERS.
Brookline Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Cambridge, Mass., 4s,
of Kansas City, Mo , 4£s,
Town of Brookline, Mass.,
of Brookline, Mass., S ^ s ,
of Brookline, Mass., 3T45s,
of Brookline, Mass., 3T9^s,
of Brookline, Mass., 3|s,
of Brookline, Mass., 4s,
of Wakefield, Mass., 4s,
.
$2,000
5.000
20,000
40.000
40.000
10.000
1,200
13,600
4.000
Estimated
Market Value.
$2,130
5,525
19,900
39,800
40,037
10,000
1,200
13,680
4,320
00
00
00
00
50
00
00
00
00
Amount Invested.
$2,000
5.000
20,000
40.000
40.000
10.000
1,200
13,600
4.000
00
00
00
00
00
00
00
00
00
$135,800 $136,592 50 $135,800 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
75
50
32
15
28
20
Par Value.
Central Nat’l Bank, Boston, .
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Third National Bank, Boston,
Brookline N’l B’k, Brookline, .
$7,500
-
3,200
750
-
2,000
$13,450
Estimated
Market Value.
$9,375
50
7,520
75
616
2,600
Amount Invested,
00
00
00
00
00
00
$11,400 00
$20,236 00
$19,650 00
-
5,500 00
750 00
-
2,000 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Boston & Maine R.R 4^s,
Chic., Burlington & Quincy R.R, 3£s,
Fitchburg R.R. 4s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3s, .
Illinois Central R R. 3£s, .
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York, Lackawanna & Western
R.R. 6 s ,...........................................
St, Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$19,000
6,000
10,000
30,000
65,000
40,000
25,000
45,000
Estimated
Market Value.
$20,235
6,570
12,250
29,550
69,175
46,400
21,375
44,325
00
00
00
00
00
00
00
00
Amount Invested,
$20,500
6,600
10,000
29,700
65,000
47,000
22,100
45,706
00
00
00
00
00
00
00
25
20,000
24,600 00
23,500 00
25,000
33,000 00
30,175 00
15,000
19,500 00
16,000 00
$300,000 $326,980 00
$316,281 25
82
REPORT OF THE
[Pub. Doc.
Brookline Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$50,000
Estimated
Market Value.
$57,750 00
Amount Invested.
$52,687 50
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount,
$7,681
20,000
50.000
173,500
25.000
Rate.
16
00
00
00
00
2 per cent.
2à
“
“
4
“
4|
“
Amount.
$143,000
50.000
376,000
60.000
1,243,350
Rate.
00
00
00
00
00
4^ per cent.
4|
“
4è
“
4|
5
“
Amount.
$40,000 00
23,800 00
95,425 00
Rate.
5 j per cent.
H
“
6
Amount invested in real estate for banking purposes,
. . .
.
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 101
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................259
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................
Times for the dividends fixed by the by-laws: second Monday in January
and July; payable the following Thursday.
Rate and amount of each semi-annual dividend J 2 per cent., $45,954 05 )
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
50,248 06 J
Number of accounts opened during the year ending Oct. 31, 1902,
1,679
Number of accounts closed during the year ending Oct. 31, 1902,
. 845
Total number of open accounts Oct. 31, 1902,
.
.
.
.
9,805
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................13,800
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of s a m e , .............................................................................6,598
Date of examination by commissioner: January 13.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,723 68
30,000 00
21,800 00
50,375 19
56,550 00
128 70
159,450 00
13,694 55
121,048 32
96,202 11
7,291 02
752,109 44
477,264 72
83
SAYINGS BANK COMMISSIONERS.
No. 8.]
CAM BR ID G E SA V IN G S B A N K — CAM BR ID G E.
Incorporated April 2, 1834. Present number of corporators, 45.
Ch ar l es
W.
Sever,
President.
O s c a r F.
F. A l l e n , Clerk o f the Corporation.
A llen,
Treasurer.
O scar
Names of committee charged with the investment of its funds:
Charles W . Sever ,
Jo h n
T. G.
E d w in D resser,
N ic h o l s ,
E dw ard
W alt er S. Sw a n ,
R.
Co g sw e l l ,
E noch B e a n e ,
Ja m e s
F.
Pennell.
Open for business every business day, 8 a . m . to 1 p . m .
Balance
Sheet
Oct. 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, . _ .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
.
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Tax account,
.
. . .
Cash on hand, . . . .
$284,000
50
52,700
558,832
50.000
00
00
00
50
00
90.000
4,835
2,261,333
1,085,635
00
49
00
00
103.000
124.162
10,000
2,897
205
4,599
00
26
00
47
67
45
$4,632,250 84
$4,300,149 12
Deposits, .
190,000 00
Guaranty fund,
63,939 71
Interest account,
Profit and loss ac
71,275 09
count, .
6,886 92
Bank building rents,
$4,632,250 84
Cash on Deposit in Banks, amount in each : —
National Exchange Bank, Boston,
Charles River National Bank, Cambridge, .
National City Bank, Cambridge,
Loan on Public Funds : —
$50 United States 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$75,025 00
39,136 76
20,000 50
84
[Pub. Doc.
REPORT OF THE
Cambridge Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass ,5s,
of Bridgeport, Conn., 4 s,.
of Cambridge, Mass., 4s, .
of Cambridge, Mass., 6s, .
of Cleveland, Ohio, 5s,
of Dover, N. IL, 4s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s, .
of Indianapolis, Ind., 4s.,
of Portsmouth, N. H., 4s,
of Providence, R. 1 , 5s, .
of Saginaw, Mich., 4£s, .
of Saginaw, Mich,, 5s,
of Springfield, Mass., 7 s,.
Town of Brookline, Mass., 4s,
of Mansfield, Mass., 4 s,.
of Marblehead, Mass., 4s,
of Wakefield, Mass., 3£s,
of Westborough, Mass., 5s, .
of Westport, Mass., 4s, .
$2,090
27,375
27,687
8,250
2,110
10,200
20,450
26,875
21,700
26,125
2,105
25,825
1,030
1,005
4,040
10,355
1,587
61,500
15,190
4,020
$2,000
25,000
25,000
8,000
2,000
10,000
20,000
25,000
20,000
25,000
2,000
25,000
1,000
1,000
4,000
9,500
1,500
60,000
14,000
4,000
$284,000
*
Estimated
Market Value.
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
$299,520 00
Amount Invested.
$2,000
25,000
25,000
8,000
2,000
10,000
20,000
25,000
20,000
25,000
2,000
25,000
1,000
1,000
4,000
9,500
1,500
60,000
14,000
4,000
00
00
00
CO
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$284,000 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Merchants Nat’l Bank, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Rockland Bank, Boston,.
National Union Bank, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Charles River National Bank,
Cambridge, .
.
.
.
60 First N’l Bank, New Bedford,
46 Newton Nat’l Bank, Newton, .
50 Naumkeag Nat’l Bank, Salem,
50
42
100
11
30
5
46
96
58
58
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$5,000
4,200
10,000
1,100
3,000
500
4,600
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
$5,000
4,200
10,000
1,100
3,000
500
4,600
2,900
$8,300
5,754
19,100
1,672
4,680
850
6,992
576
290
5,800
6,000
4,600
5,000
8,990
7,740
4,140
6,400
00
00
00
00
5,800
6,000
4,600
5,000
-
$52,700
$75,484 00
00
00
00
00
00
00
00
-
2,900 00
00
00
00
00
$52,700 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
85
C a m b rid ge Savings B ank — Continued.
Detailed, Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s, .
Boston & Maine R.R. 4s,
Chicago, Burlington & Quincy
R.R. 3j|s, .
.
.
.
.
Chicago, Burlington & Quincy
R.R. 4 s , ..................................
Chicago & Northwestern R.R. 7s,
Concord & Montreal R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Dakota Central R.R. 6s,
Fitchburg R.R. 5s,
. . .
Illinois Central R.R. 4s,
Illinois Central R.R. 5s,
Kansas City, St. Joseph & Council
Bluffs R.R. 7s, .
Maine Central R.R. 4£s,
Maine Central R.R. 7s,.
Menominee River R.R. 7s, .
Milwaukee, Lake Shore & Western R.R. 5s,
.
.
Minnesota Valley R.R. 7s, .
New York Central & Hudson
River R.R. 7s, .
New York & New England R.R. 6s,
New York & New England R.R. 7s,
New York, New Haven & Hartford R.R. 3is, .
.
.
.
Penobscot Shore Line R.R. 4s,
Plainview R.R. 7s,
Rochester & Northern Minnesota
R.R. 7 s , ..................................
Upper Coos R.R. 4£s, .
Vermont & Massachusetts R.R. 5s,
Estimated
Market Value.
Amount Invested.
$25,000 00
25,000 00
$26,625 00
27,937 50
$25,000 00
25,000 00
25,000 00
24,625 00
25,000 00
11,000
4,000
26,000
25,000
13,000
125,000
20,000
24,332
00
00
00
00
00
00
00
50
11,330
4,940
27,885
27,875
14,267
133,750
22,000
24,332
00
00
00
00
50
00
00
50
11,000
4,000
26,000
25,000
13,000
125,000
20,000
24,332
00
00
00
00
00
00
00
50
25,000
25,000
16,500
2,000
00
00
00
00
28,000
26,875
20,872
2,220
00
00
50
00
25,000
25,000
16,500
2,000
00
00
00
00
38,000 00
2,000 00
46,740 00
2,340 00
38,000 00
2,000 00
9,000 00
7,000 00
5,000 00
9,000 00
7,280 00
5,300 00
9,000 00
7,000 00
5,000 00
50,000 00
25,000 00
2,000 00
51,000 00
26,375 00
2,340 00
50,000 00
25,000 00
2,000 00
2,000 00
25,000 00
2,000 00
2,340 00
28,875 00
2,000 00
2,000 00
25,000 00
2,000 00
$558,832 50 $607,125 00 $558,832 50
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
Estimated
Market Value.
$57,750 00
Amount Invested.
$50,000 00
[Pub. Doc.
REPORT OF THE
86
C a m b rid ge S avings B an k — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$124,162
20,000
3,000
50,000
Rate.
26
00
00
00
2
if"
per cent.
-
Rate.
Amount.
$20,000
665.000
240.000
1,012,150
00
00
00
00
3| per cent.
4
“
4f
“
4i
“
Rate.
Amount.
$65,200
1,275,458
12,475
86,735
00
00
00
00
4f per cent.
5
5\
“
6
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Net i n c o m e r e c e iv e d f r o m s a m e d u r in g y e a r e n d in g O c t. 3 1 ,1 9 0 2 ,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise...........................................................................................................
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 414
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................584
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................
Times for the dividends fixed by the by-laws: fourth Thursday in January
and July; payable the following day.
Rate and amount of each semi-annual dividend r I f per cent., $69,175 03 )
during the year ending Oct. 31, 1902,
.
j I f per cent., 70,364 77 i
Number of accounts opened during the year ending Oct. 31, 1902,
1,394
Number of accounts closed during the year ending Oct. 31, 1902,
1,000
Total number of open accounts Oct. 31, 1902,
.
. . .
12,128
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................14,054
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of s a m e , .............................................................................11,696
Date of examination by commissioner: May 12,13.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$90,000
95.000
97.000
6,346
00
00
00
27
4,835 49
10.000 00
492,018 00
222,811 84
139,539 80
9,320 51
796,565 54
774,842 83
No. 8.]
7
SAYINGS BANK COMMISSIONERS.
CAM BR IDGEPOR T
SA V IN G S B A N K — CAM BR ID G EPO R T.
Incorporated Feb. 22, 1853.
Present number of corporators, 25.
D an a W . H y d e , President.
H e n r y W . B tjllard , Treasurer.
Josiah F. L a n e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
D ana W . H y d e ,
W il l ia m W . D a l l in g e r ,
J ohn H . C orcoran , H e n r y E ndicott ,
F r e d e r ic k W . T il t o n .
Open for business every business day, 8 30 a . m . to 1.30
Saturday of each month.
p
.m .
; also 6 to 8 p . m . the first
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, . $1,920,000 00
50,084 00
Bank stock, as per schedule, .
2,800 00
Loan on bank stock,
535,605 55
Railroad bonds, as per schedule,
381,500 00
Boston Terminal Co. bonds,
47,651 95
Real estate by foreclosure,
2,017,622 11
Loans on real estate, .
79,100 00
Loans on personal security,
Loans to counties, cities or towns
20,000 00
( n o t e s ) ,..................................
50,000 00
Deposits in banks, on interest, .
2,986 32
Expense account,
2,635 17
Cash on hand, . . . .
$4,823,100 00
242,362 02
44,523 08
Deposits, .
Guaranty fund,
Interest account,
$5,109,985 10
$5,109,985 10
Cash on Deposit in Banks, amount in each : —
Cambridgeport National Bank, C a m b r i d g e , ...........................................$5,000 00
First National Bank, C a m b r i d g e , ............................................................
30,000 00
National City Bank, C a m b r i d g e , ............................................................
15,000 00
Loan on Bank Stock : —
50 shares Middlesex County National Bank, Winchester,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
$2,800 00
[Pub. Doc
REPORT OF THE
88
Cambridgeport Savings Bank — Continued.
D etailed Statem ent o f Public F u nd s.
Estimated
Par Value.
City of Bangor, Me., 4s, .
of Boston, Mass., 3is,
of Boston, Mass., os,
of Boston, Mass., 6s,
of Cambridge, Mass., 4 s,.
of Cleveland, Ohio, 4s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,.
of Dover, N. H., 4s, .
of Fort Wayne, Ind., 3£s,
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 4js, .
of Haverhill, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Middletown, Conn., 4s,
of Minneapolis, Minn., 4s,
of Minneapolis, Minn., 4£s,
of New Britain, Conn., 4s,
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Pawtucket, R. I., 4s,
of Peoria, 111., 4is, .
of Pittsburgh, Pa., S^s,
of Providence, R. I., 5s, .
of Saginaw, Mich., 4s,
of Somerville, Mass., 4s, .
of Springfield, Ohio, 4£s,.
of St. Joseph, Mo., 3£s, .
of Woburn, Mass., 4s,
of Worcester, Mass., 5s, .
Town of Arlington. Mass., 4 s,.
of Beverly, Mass., 4s,
of East Providence, R, I., 4s,
of Kingston, Mass., 4s, .
of Lincoln, R. I., 4s,
of Maynard, Mass., 4s, .
of Meirose, Mass., 4s, .
of Rockland, Mass., 4s, .
of So. Abington, Mass., 4s, .
of Weymouth, Mass., 4s,
of Woonsocket, R. I., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
100,000
13,000
9,000
247,000
14,000
40,000
50,000
22,000
96,000
19,000
50,000
25,000
58,000
50,000
50,000
30,000
25,000
50,000
10,000
5,000
50,000
3,000
100,000
50,000
100,000
50,000
4,000
38,000
50,000
25,000
29,000
20,000
11,000
88,000
25,000
21,000
25,000
40,000
50,000
24,000
19,000
31,000
50,000
Market Value.
$53,000
105,125
13,877
9,112
258,745
14,000
40,000
50,500
23,045
96,480
19,285
54,000
25,843
58,435
55,000
50,625
35,100
26,062
55,000
11,550
5,150
57,250
3,195
104,855
52,500
99,750
53,000
4,280
38,370
53,951
24,875
29,255
20,850
11,632
92,165
25,281
21,786
25,556
43,200
53,687
24,380
20,330
33,325
51,500
00
00
50
50
00
00
00
00
00
00
00
00
75
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
25
00
00
00
50
00
25
25
25
00
50
00
00
00
00
Amount Invested.
$50,000
100,000
13,000
9,000
247,000
14,000
40,000
50,000
22,000
96,000
19,000
50,000
25,000
58,000
50,000
50,000
34,000
25,000
50,000
10,000
5,000
50,000
3,000
100,000
50,000
100,000
50,000
4,000
38,000
50,000
25,000
29,000
20,000
11,000
88,000
25,000
21,000
25,000
40,000
50,000
24,000
19,000
31,000
50,000
00
00
00
00
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00*
$1,916,000 $2,004,911 25 $1,920,000 00
*
Legal investments when made.
No. 8.]
89
SAVINGS BANK COMMISSIONERS.
Cambridgeport Savings Bank — Continued.
No. of
Shares.
D etailed Statem ent o f B an k Stocks.
33
40
56
80
100
50
50
50
40
100
14
Par Value.
Blackstone Nat’l Bank, Boston,
Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,
National Suffolk Bank, Boston,
National Union Bank, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Cambridgeport National Bank,
Cambridge, .
.
.
.
First Nat’l Bank, Cambridge, .
Nat’l City Bank, Cambridge, .
$759
4,0U0
5,600
8,000
10,000
-
2,500
-
Estimated
Market Value.
$198
6,640
8,400
10,640
17,000
300
250
250
00
00
00
00
00
00
00
00
Amount Invested.
$759
4,000
5,600
8,000
10,000
00
00
00
00
00
-
2,500 00
-
4,000
10,000
1,400
4,200 00
16,000 00
2,100 00
4,000 00
13,825 00
1,400 00
$46,259
$65,978 00
$50,084 00
Detailed Statem ent o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s, .
Boston & Maine R.R. 4s,
Chicago, Burlington & Quincy
R.R. 3Js, ..................................
Chicago, Burlington & Quincy
R.R. 4 s , ..................................
Connecticut River R.R. 3ès, .
Eastern R.R 6s, .
Fitchburg R R. 4s,
. . .
Fitchburg R.R. 5s,
. . .
Illinois Central R.R. 3<|s,
New York & NewEngland R.R. 7s,
Old Colony R.R. 4s,
Penobscot Shore Line R.R. 4s,
Troy & Boston R.R. 7s,
Vermont & Massachusetts R.R. 5s,
Estimated
Market Value.
Amount Invested.
$20,000 00
25,000 00
$21,400 00
25,750 00
$20,000 00
25,000 00
10,000 00
9,800 00
10,000 00
56,000
50,000
32,605
63,000
20,000
100,000
5,000
50,000
21,000
23,000
60,000
00
00
55
00
00
00
00
00
00
00
00
58,960
51,000
35,295
64,030
20,000
98,500
5,300
50,250
22,155
34,500
60,150
00
00
51
00
00
00
00
00
00
00
00
$535,605 55 $557,090 51
56,000
50,000
32,605
63,000
20,000
100,000
5,000
50,000
21,000
23,000
60,000
00
00
55
00
00
00
00
00
00
00
00
$535,605 55
Boston T erm inal Com pany Bonds.
Par Value.
Boston Terminal Company 8£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$350,000 $404,250 00 $381,500 00
90
REPORT OF THE
[Pub. Doc.
Cambridgeport Savings Bank — Concluded.
Total A m ou nt o f L oan s, with E ach Specified B ate o f Interest.
Amount.
$50,000 00
100,000 00
317,470 00
Kate.
2 per cent.
H
“
4
“
Amount.
$40,500 00
660,550 00
990,297 30
Rate.
4] per cent.
44
“
5
“
Amount.
$1,500 00
9,004 81
200 00
Rate.
5£ per cent.
6
64
“
Yalue, by boobs, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 420
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................566
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: third Wednesday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $78,616 93 |
during the year ending Oct. 31, 1902,
.
i 1J per cent., 79,863 38 J
Number of accounts opened during the year ending Oct. 31, 1902,
1,872
Number of accounts closed during the year ending Oct. 31,1902,
1,366
Total number of open accounts Oct. 31, 1902,
. . .
.
15,825
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of t a x e s ) , .....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................19,338
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , .................................................................... ........
Number of s a m e , .............................................................................14,171
Date of examination by commissioner: April 11.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$47,651 95
48,300 00
571,685 75
206,272 50
158,480 31
9,299 02
847,271 49
881,651 80
No. 8.]
SAYINGS BANK COMMISSIONERS.
91
CAN TO N IN S T IT U T IO N FOR SA V IN G S — CA NTON.
Incorporated March 4, 1835.
W
il l is
Present number of corporators, 23.
S. S h ep a r d , President.
W a l t e r A m e s , Treasurer.
W a l t er A m e s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
W il l is S. S h e p a r d ,
N a t h a n ie l W . D u n b ar ,
F rancis D . D u n b ar ,
T homas E . G rover ,
T homas B. D r a p e r .
Open for business every business day except Saturdays, 8 a .m . to 12 m . ;
1.30 to 4 p .m . ; Saturdays, 8 a . m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Deposits in banks, on interest, .
Expense account,
Tax account,
. . . .
Cash on hand, .
. . .
L ia b il it ie s .
$133,500
39,900
145.500
6,000
23,050
297.500
65,300
00
00
00
00
00
00
00
49,000
17,743
113
246
2,908
00
64
65
08
37
$780,761 74
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rents,
$726,552 09
40,000 00
1,460 14
12,697 01
52 50
$780,761 74
Cash on Deposit in Banks, amount in each : —
National Shawmut Bank, B o s t o n , ............................................................$2,210 28
Neponset National Bank, C a n t o n , ...........................................................
15,533 36
Loan on Railroad Stock: —
50 shares Boston & Maine R a ilr o a d ,............................................................$6,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
92
Canton Institution for Savings — Continued.
D etailed Statem ent o f P u blic F u n d s.
Par Value.
City of Chicago, 111., 4s, .
of Lawrence, Mass., 4s, .
of Lynn, Mass., 3£s,.
of New Britain, Conn., 4s,
of Providence, R. L, 5s, .
of Woonsocket, R. I., 4s, .
Town of Canton, Mass., 4s,
of Natick, Mass., 4s,
of Orange, Mass., 4s,
$10,000
15.000
13,500
10.000
10,000
20,000
40.000
5,000
10.000
Estimated
Market Value.
$10,450
15,112
13,567
11,125
10,600
21,800
43,300
5,462
10,925
00
50
50
00
00
00
00
50
00
Amount Invested.
$10,000
15.000
13,500
10.000
10,000
20,000
40.000
5,000
10.000
00
00
00
00
00
00*
00
00
00
$133,500 $142,342 50 $133,500 00
*
A legal investment when made.
No. of
Shares.
D etailed Statem ent o f B a n k Stocks.
25
17
25
25
25
70
17
127
50
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Freemans Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
Nat’l Shawmut Bank, Boston,
Nat’l Webster Bank, Boston, ,
Neponset Nat’l Bank, Canton,
Dedham Nat’l Bank, Dedham,
$2,500
391
2,500
2,500
2,500
7,000
1,700
12,700
5,000
$36,791
Estimated
Market Value.
$2,875
102
3,125
2,750
4,250
16,450
2,006
6,350
5,400
Amount Invested.
00
00
00
00
00
00
00
00
00
$2,500 00
$43,308 00
$89,900 00
-
2,500
2,500
2,500
10,500
1,700
12,700
5,000
00
00
00
00
00
00
00
D etailed Statem ent o f R ailroad Bonds.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chicago, Burlington & Quincy R.R.
S è s , ...........................................
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
$20,000
20,000
20,000
$22,300 00
22,500 00
21,500 00
$20,000 00
20,000 00
20,000 00
10,000
10,000
5,500
9,950 00
10,800 00
5,953 75
10,000 00
10,000 00
5,500 00
No. 8.]
93
SAYINGS BANK COM M ISSIONED.
Canton Institution for Savings — Concluded.
D etailed Statem ent o f R ailroad Bonds — Concluded.
Par Value.
Fitchburg R R. 4s, .
Maine Central and European &
North American R.R. 4s,
Old Colony R.R. 4s, .
Estimated
Market Value.
Amount Invested.
$20,000
$21,900 00
$20,000 00
20,000
20,000
21,800 00
22,212 50
20,000 00
20,000 00
$145,500 $158,916 25 $145,500 00
Total A m ou nt o f L oan s , with E ach Specified R ate o f Interest.
Amount.
$17,743 64
27,500 00
15,000 00
Rate.
2 per cent.
3è
“
3|
“
Rate.
Amount.
4 per cent.
“
$159,800 00
1,000 00
119,750 00
Amount.
$37.500 00
47,250 00
10,000 00
4i
4|
Rate.
5 per cent.
5è
“
6
“
$23,050 00
Value, by boobs, of real estate, held or owned by foreclosure or otherwise,
20,750 00
Assessed value of the s a m e ,............................................................................
18 91
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 197
185,650 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................209
18,050 00
Amount of investments from which no income is recei ved, .
. . .
Gross amount of interest or profits received or earned, as per books,
34,209 00
during year ending Oct. 3 1 , 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : first Tuesday in April and
October; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $13,238 62 )
25,567 45
during the year ending Oct. 31, 1902,
.
( 1| per cent., 12,328 83 J
Number of accounts opened during the year ending Oct31, 1902,
. 282
Number of accounts closed during theyear ending Oct. 31, 1902,
. 359
Total number of open accounts Oct. 31, 1902,
. . . .
2,540
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
2,083 85
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
91,555 25
ending Oct. 3 1 ,1 9 0 2 ,.....................................................................................
Number of s a m e , ..................................................................... 1,565
Amount of withdrawals, including dividends, during the year ending
177,033 73
Oct. 31, 1 9 0 2 , .............................................................................................
Number of same.......................................................................... 1,654
Date of examination by commissioner: January 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
94
REPORT OF THE
[Pub. Doc.
CAPE A N N S A V IN G S B A N K — G LOUCESTER.
Incorporated April 15, 1846.
Present number of corporators, 29.
A ll a n R ogers , President.
D a n ie l T. B abson , Treasurer.
D a n ie l T. B ab so n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A ll a n R ogers ,
R obert R . F e a r s ,
John E. Somes ,
S yl v est e r C u n n in g h a m ,
F red A . B a r k e r .
Open for business every business day, 9 a .m . to 3 p . m . ; during August, 9 a .m . to l
Balance
Sh ee t
Oct.
p .m .
31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ..................................
Real estate bv foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Suspense account,
Bank building income account,
Miscellaneous stock and bonds,*
Cash on hand, . . . .
$15,000
142,107
350
67,000
00
00
00
00
62,160
33.714
1,855 971
854,143
400
38,537
585
3,016
1,406
2,500
5,103
05
61
40
89
00
37
17
75
95
00
51
Deposits, .
Guaranty fund,
Interest account,
Surplus account,
Tax account, .
Due on m o r tg a g e
loans, .
$3,081,996 70
$2,872,353
150,000
24,646
16,238
2,738
10
00
38
40
33
16,020 49
$3,081,996 70
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
National Shawmut Bank, B o s t o n , ............................................................$15,926 70
City National Bank, Gloucester,....................................................................
19,052 18
Gloucester National Bank, G l o u c e s t e r , ...................................................
3,558 49
Loan on Bank Stock : —
4
shares Gloucester National Bank, G l o u c e s t e r , ..............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$350 00
No. 8.]
SAVINGS BANK COMMISSIONERS.
95
Cape Ann Savings Bank — Continued.
D etailed Statem ent o f Public F u nd s.
Par Value.
City of Lynn, Mass., 4s, .
Town of Melrose, Mass., 4s,
.
Estimated
Market Value.
Amount Invested.
$5,000
10,000
$5,300 00
10,300 00
$5,000 00
10,000 00
$15,000
$15,600 00
$15,000 00
Ko. of
Shares.
D etailed Statem ent o f B a n k Stocks.
100 Atlas National Bank, Boston, .
74 Blackstone N’l Bank, Boston, .
100 Central National Bank, Boston,
62 Freemans Nat’l Bank, Boston,
150 Merchants Nat’l Bank, Boston,
100 N’l B’k of Commerce, Boston,
166 N’l B’ k of Redemption, Boston,
150 N ’l B’k of the Republic, Boston,
50 National City Bank, Boston, .
50 Nat’l Exchange Bank, Boston,
50 Nat’l Shawmut Bank, Boston,
50 New England N’l B’k, Boston,
25 Old Boston Nat’ l B’k, Boston, .
50 Second National Bank, Boston,
37 State National Bank, Boston, .
100 Third National Bank, Boston,.
25 Tremont Nat’l Bank, Boston, .
61 Cape Ann N’l B’k, Gloucester,
100 City Nat’l Bank, Gloucester, .
50 Gloucester N’l B’k,-Gloucester,
37 Rockport N’l Bank, Rockport,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$10,000
1,702
10,000
6,200
15,000
10,000
16,600
15,000
-
5,000
5,000
5,< 00
2,500
5,000
3,700
-
1,250
6,100
10,000
5,000
3,700
Estimated
Market Value.
$11,500
444
12,500
6,820
28,650
15,000
28,220
24,000
50
7,600
11,750
7,850
2,775
9,450
5,624
2,200
125
8,235
25,000
6,500
3,700
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
1,702
10,000
6,200
15,000
10,000
16,600
15,000
00
00
00
00
00
00
00
00
_
5,000 00
10,000 00
5,000 00
2,500 00
5,000 00
4,055 00
1,250 00
6,100 00
10,000 00
5,000 00
3,700 00
$136,752 $217,993 00 $142,107 00
[Pub. Doc.
REPORT OF THE
96
Cape Ann Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
$10,000
10,000
10,000
12,000
Chic., Burlington & Quincy R.R. 3¿s,
Chic , Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3¿s, .
New York, New Haven & Hartford
R.R. S i s , ..................................
Market Value.
$10,000
10,300
10,500
12,000
00
00
00
00
Amount Invested.
$10,000
10,000
10,000
12,000
00
00
00
00
25,000
25,500 00
25,000 00
$67,000
$68,300 00
$67,000 00
Total Amount o f Loans with Each Specified Rate of Interest.
Rate.
Amount.
Rate.
Amount.
Rate.
2 per cent.
4
“
41
«
$249,000 00
75,000 00
697,678 00
44 per cent.
$34,850 00
1,386,025 29
5£ per cent.
6
Amount.
$38,537 37
182,275 00
86,037 00
4
5
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the same, .............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw ise ,..................................................................................... .....
Assessed value of the' s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 1,012
Aggregate amount of the s a m e , .................................. „
.
Total number of loans upon real e s t a t e , .................................. 1,063
Amount of investments from which no income is received,
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: April 1 and October 1;
payable May 1 and November 1.
Rate and amount of each semi-annual dividend f 1| per cent., $47,300 71 1
during the year ending Oct. 31, 1902,
.
1 If per cent.,
47,286 45 1
Number of accounts opened during the year ending Oct. 31, 1902,
1,149
Number of accounts closed during the year ending Oct. 31, 1902,
1,026
Total number of open accounts Oct. 31, 1902,
.
.
.
.
9,786
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of same................................................................................. 8,158
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
Number of s a m e , .............................................................................8,004
Date of examination by commissioner: August 28, 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$62,160 05
61,000 00
51,000 00
33,714 61
33,700 00
841,528 05
67,099 00
128,775 44
94,587 16
6,123 70
384,588 85
455,084 09
No. 8.]
97
SAYINGS BANK COMMISSIONERS.
CAPE COD F IV E CENTS S A V IN G S B A N K — H A R W IC H .
Incorporated March 16, 1855.
Present number of corporators, 56.
A l e x a n d e r T. N e w c o m b , President.
A ugustus C. S n o w , Treasurer.
A ugustus C. Sn o w , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A l e x a n d e r T. N e w c o m b , Ol iv e r E . E ld r e d g e ,
Joshua C r o w e l l ,
E le a ze r K . C r o w e l l ,
H e n r y H. F is k .
Open for business every business day, 9 a .m . to 1 e .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposit in bank, on interest,
Real estate to secure indebtedn e s s , ..................................
Cash on hand, . . .
.
L ia b il it ie s .
$10,000
5,00o
23,400
275
150.000
30,000
00
00
00
00
00
00
3,000
35,240
392.584
330,647
00
94
51
32
Deposits, .
Guaranty fund,
Profit and loss ace
•
count, .
$950,174 62
43,0u0 00
16,305 37
16,300 00
50 00
11,000 00
100 00
1,882 22
$1,009,479 99
$1,009,479 99
Cash on Deposit in Bank : —
Cape Cod National Bank, H a r w ic h ,........................................................... $11,000 00
Loan on Public Funds : —
$5,000 Town of Watertown, Mass., notes, 3 £ s ,........................................... $5,000 00
Loans on Bank Stock, amount on each : —
3 shares First National Bank of Yarmouth, Yarmouthport, .
.
.
2 shares Cape Cod National Bank, H a r w i c h , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$250 00
25 00
98
REPORT OF THE
[Pub. Doc.
Cape Cod Five Cents Savings Bank — Continued.
Loans on Railroad Bonds, amount on each : —
$17,000 Cleveland & Pittsburgh R.R. 3 £ s ,................................................... $15,000 00
10,000 Old Colony R.R. 4 s , .................................................................... 1
15 000 00
7,000 Fitchburg R.R. 3 ^ s , ....................................................................J
’
Detailed Statement o f Public Funds.
•
Par Value.
City of Chicago, 111., 4s, .
$10,000
Estimated
Market Value.
Amount Invested.
$10,800 00
$10,000 00
No. o f !
Shares.
Detailed Statement o f Bank Stocks.
7
50
31
15
26
46
10
38
21
Par Value.
Faneuil Hall N’l B’k, Boston, .
Fourth National Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
State National Bank, Boston, .
'Fremont Nat’l Bank, Boston, .
Cape Cod N’l Bank, Harwich,
First Nat’l Bank, Yarmouth, .
$700
5,000
3,100
1,500
2,600
4,600
500
3,800
2,100
$23,900
Estimated
Market Value.
$959
6,500
4,650
2,400
3,952
6,992
50
4,940
2,625
Amount Invested
00
00
00
00
00
00
00
00
00
$700
5,000
3,100
1,500
2,600
4,600
00
00
00
00
00
00
3,800 00
2,100 00
$33,068 00
$23,400 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R, 3£s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 5s, .
Illinois Central R.R. S^s, .
Old Colony R R. 4s, .
Vermont & Massachusetts R.R. 5s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
10,000
15.000
25.000
20.000
15.000
10.000
25.000
10.000
$150,000
Estimated
Market Value.
$20,700
11,325
14,925
27.000
22,700
16,200
9,900
28,125
10.000
00
00
00
00
00
00
00
00
00
$160,875 00
Amount Invested.
$20,000
10,000
15.000
25.000
20.000
15.000
10.000
25.000
10.000
00
00
00
00
00
00
00
00
00
$150,000 00
No. 8.]
99
SAYINGS BANK COM M ISSIONED.
Cape Cod Five Cents Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
$11,000
15.000
69.000
100,000
00
00
00
00
2 per cent.
3|
4
“
4i
“
Amount.
$145,898
30,0t0
240,676
20,635
50
00
00
00
Rate.
Amount.
Rate.
4^ per cent.
4|
5
5h
“
$106,503 45
700 00
46,443 88
6 per cent.
6é
“
7
Amount invested in real estate for banking purposes,.................................. #3,000 00
Estimated value of the s a m e , ..........................................
3,000 00
Assessed value of the s a m e ,.................................. .........................................
1,750 00
Yalue, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
35,240 94
Assessed value of the s d m e ,............................................................................
45,750 00
Net income received from same during year ending Oct. 31, 1902, .
.
429 04
Number of loans which are of an amount not exceeding $3,000 each, 395
Aggregate amount of the s a m e , ....................................................................
206,323 33
Total number of loans upon real e s t a t e , ...........................................366
Amount of investments from which no income is received,
.
.
.
2,949 43
Gross amount of interest or profits received or earned, as per books,
43,659 18
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $15,522 68 ) 31 402 10
during the year ending Oct. 31, 1902,
.
( 1| per cent., 15,969 42 1
Number of accounts opened during the year ending Oct. 31, 1902, . 400
Number of accounts closed during the year ending Oct. 31, 1902,
. 257
Total number of open accounts Oct. 31, 1902,
. . .
.
3,385
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
....................................................................
3,393
19
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902,.
.
.
.
.
.
.
.
.
.
.
155,606 29
Number of same, .
.
.
.
.
.
.
.
.
.
1,863
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , ............................................................................
131,985
73
Number of s a m e , ........................................ 1,728
Date of examination by commissioner: April 18.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
100
REPORT OF THE
[Pub. Doc.
C E N T R A L S A V IN G S B A N K — L O W E L L .
Incorporated March 3, 1871.
Present number of corporators, 48.
O l iv e r H. M oulton , President.
C laren ce W . W h id d e n , Treasurer.
Clar en ce W . W h id d e n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
D a n ie l S w a n ,
A m a sa P r a tt ,
A r thu r G. P o ll ar d ,
Jam e s W . C. P ic k e r in g ,
C h ar les W . W ie d e r ,
C lar en c e W . W h id d e n .
Open for business every business day, 9 a .m . to 1 p . m . ; also Saturdays, 7 to 9 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
. . .
$369,800
96,900
340,500
800
100,000
00
00
00
00
00
25.000
27.000
2,008,775
720,144
00
00
00
58
125,980
2,019
176,127
12
19,135
00
00
48
00
35
$4,012,193 41
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
$3,740,131 45
188 000 00
1,132 79
82,904 17
25 00
$4,012,193 41
Cash on Deposit in Banks, amount in each : —
Appleton National Bank, L o w e l l , ........................................................... $35,000 00
Union National Bank, Lowell..........................................................................
102,440 43
Old Lowell National Bank, L o w e l l , ............................................................
15,000 00
Old Colony Trust Company, B oston ,...........................................................
23,687 05
Loan on Railroad Bonds : —
$1,000 Concord & Montreal R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
101
SAYINGS BANK COMMISSIONERS.
Central Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 34s, .
.
.
.
County of Middlesex, Mass., 4s,
City of Boston, Mass., 34s,
of Brockton, Mass , 4s,
of Burlington, Y t , 4s,
of Cambridge, Mass., 4s, .
of Haverhill, Mass , 4s, .
of Lawrence, Mass , 4s, .
of Lowell, Mass., 4s,
of Malden, Mass., 4s,
of Medford, Mass , 4s,
of New Bedford, Mass., 34s, .
of Pawtucket, R. L, 4s,
of Taunton, Mass , 34s, .
Town of Adams, Mass., 4s.,
of Andover, Mass., 4s, .
of Arlington, Mass., 4s,.
of Billerica, Mass , 34s,.
of Billerica, Mass., 4s, .
of Boothbay Harbor, Me., 4s,
of Clinton, Mass., 34s, .
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
of Meriden. Conn., 34s, .
of Milton, Mass., 34s,
of Warren, R. 1 , 34s,
of Westfield, Mass., 4s, .
of Winchester, Mass , 34s,
$50,000
35,000
25,000
5,000
5,000
10,000
21,000
13,000
19,000
14,000
10,000
10,000
5,000
3,000
15,000
6,000
3,800
25,000
3,000
2,000
9,000
7,000
17,000
20,000
10,000
10,000
5,000
12,000
$369,800
*
Estimated
Market Value.
$54,500
36,262
25,687
5,575
5,337
10,775
22,162
14,047
20,500
15,142
10,835
10,175
5,525
3,078
16,256
6,015
3,800
25,750
3,352
2,180
9,307
7,601
19,041
20,400
10,425
10,125
5,356
12,480
00
50
50
00
50
00
50
50
00
50
00
00
00
75
25
00
00
00
50
00
50
25
25
00
00
00
25
00
Amount Invested.
$50,000
35,000
25,000
5,000
5,000
10,000
21,000
13,000
19,000
14,000
10,000
10,000
5,000
3,000
15,000
6,000
3,800
25,000
3,000
2,000
9,000
7,000
17,000
20,000
10,000
10,000
5,000
12,000
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$391,693 75 $369,800 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
66
100
50
50
100
100
27
100
Par Value.
Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central N’l Bank, Boston,
Merchants’ N’l Bank, Boston, .
Metropolitan N’l B’k, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
1,518
10,000
5,000
5,000
10,000
10,000
2,700
—
Estimated
Market Value.
$13,000
396
12,500
9,550
5,350
15,000
17,000
4,320
100
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000 00
_
10,000 00
5,000 00
5,000 00
10,000 00
10,000 00
2,700 00
—
102
[Pub. Doc.
EEPOET OF THE
Central Savings B ank — Continued.
j
No. of
Shares,
I
Detailed Statement o f Bank Slocks — Concluded.
100
20
70
17
33
50
165
50
13
72
50
Par Value.
Nat’l Shawmut Bank, Boston,
Nat’ l Webster Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Georgetown National Bank,
Georgetown,
Merchants Nat’l Bank, Lowell,
Old Lowell N'l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Union National Bank, Lowell,
Wamesit Nat’l Bank, Lowell, .
$ 10,000
2,000
7,000
1,700
-
5,000
-
5,000
1,300
7,200
5,000
$98,418
Estimated
Market Value.
$23,500
2,360
13,230
2,584
198
00
00
00
00
00
5,000
825
5,500
1,430
12,600
5,100
00
00
00
00
00
00
Amount Invested.
$10,000
2,000
7,000
1,700
00
00
00
00
-
5,000 00
-
5,000
1,300
7,200
5,000
00
00
00
00
$96,900 00
$149,543 00
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
Market Value.
Amount Invested.
1
Beech Creek R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 44s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 34s, .
Eastern R R. 6s,
Fitchburg R.R. 4s, .
.
.
.
Fitchburg R R. 44s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R.R. 7s,
New London Northern R.R. 5s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Portland & Rumford Falls R.R. 4s,.
Old Colony R.R. 4s, .
Old Colony R.R. 44s,
Portland & Ogdensburg R.R. 34s, .
St. Johnsbury & Lake Champlain
R.R 5s, .
Vermont & Massachusetts R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
53,000
15,000
25,000
25,000
25,000
2,000
12,000
10,000
26,000
18,000
14,500
10,000
1,000
1,000
20,000
35,000
3,000
20,000
$11,100
54,977
16,950
31,000
26,812
25,250
2,165
12,492
11,000
26,200
18,765
18,415
10,600
1,045
1,062
21,600
38,950
3,036
20,050
00
50
00
00
50
00
00
50
00
00
00
00
00
00
50
00
00
50
00
$10,000
53,000
15,000
25,000
25,000
25,000
2,000
12,000
10,000
26,000
18,000
14,500
10,000
1,000
1,000
20,000
35,000
3,000
20,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
6,500 00
10,000 00
5,000 00
10,000 00
$340,500 $367,971 50
$340,500 00
5,000
10,000
No. 8.]
103
SAYINGS BANK COMMISSIONERS.
Central Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3is,
$ 1 0 0 ,0 0 0
Estimated
Market Value.
$115,500 00
Amount Invested.
$ 1 0 0 ,0 0 0 0 0
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$126,127
50,000
5,000
18,830
Rate.
48
00
00
00
2 per cent.
3
3i
“
H
«
Amount.
$533,700
25,000
307,616
478,428
Rate.
00
00
00
58
4 per cent.
4*
“
4i
“
4è
“
Amount.
$25,000
1,417,794
16,500
29,850
Rate.
00
00
00
00
4| per cent.
5
5è
«
6
Amount invested in real estate for banking purposes,..................................
$25,000 00
Estimated value of the s a m e , ....................................................................
35.000 00
Assessed value of the s a m e ,............................................................................
28.000 00
Net income received from same during year ending Oct. 31, 1902,
623 54
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
27.000 00
Assessed value of the s a m e ,............................................................................
31.000 00
Net income received from same during year ending Oct. 31, 1902,
1,229 33
Number of loans which are of an amount not exceeding $3,000 each, 506
Aggregate amount of the s a m e , ....................................................................
707,285 00
Total number of loans upon real e s t a t e , .......................................... 678
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
172,971 01
Times for the dividends fixed by the by-laws : first Saturday in May and
November; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $61,614 96 >
122,920 23
during the year ending Oct. 31, 1902,.
.
i 1| per cent., 61,305 27 >
Number of accounts opened during the year ending Oct. 31, 1902,
1,010
Number of accounts closed during the year ending Oct. 31, 1902,
. 930
Total number of open accounts Oct. 31, 1902,
.
.
.
.
7,558
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
12,269 62
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
577,839 29
Number of s a m e , .............................................................................6,705
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
627,067 07
Number of s a m e , .............................................................................5,808
Date of examination by commissioner: May 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
104
REPORT OF THE
[Pub. Doc.
C H A R L E S T O W N F IV E CENTS SA V IN G S B A N K — BOSTON.
Incorporated April 7, 1854.
Present number of corporators, 42.
C h ar les F. B y a m , President.
A ugustus W . S toyer , Treasurer.
John H . G ib b s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C h ar les F. B y a m ,
Ch ar les M. H osm er ,
B e n jam in F. S ta c e y ,
G eorge H . P en d er g ast ,
G eorge M. St a r b ir d .
Open for business every business day except Saturdays, 9 a .m . to 2 p .m . ; Wednesdays,
3 to 5 p . m . ; Saturdays, 9 a . m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
$615,500
151,500
457,250
20,000
572,700
8,500
110,000
00
00
00
00
00
00
00
70.000
67 200
2,724,519
2,334,800
118 297
5,376
00
00
00
00
82
32
$7,255,673 14
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$6,685,338 72
331,000 00
239,334 42
$7,255,673 14
Cash on Deposit in Banks, amount in each : —
Bunker Hill National Bank, B o s to n ,........................................................... $25,582 00
Colonia National Bank, B o s t o n , ............................................................
15,000 00
Metropolitan National Bank, B o s t o n , ...................................................
15,000 00
Monument National Bank, Boston.................................................................
62,715 82
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
105
SAVINGS BANK COMMISSIONERS.
C h arlestow n F iv e Cents Savings B ank — Continued.
Loans on Public Funds, amount on each : —
$31,000 Massachusetts 3£s, . . . .
20.000 Boston Terminal Company, .
10.000 City of Philadelphia 3£s,
2.000 City of New Haven, Conn., 4s,
1.000 City of South Bend, Ind., 4s, .
4.000 City of Erie, Pa., 4s,
1.000 City of Reading, Pa., 4s,
1.000 City of Saginaw, Mich., 4s, .
5.000 City of Minneapolis, Minn., 4£s,
1.000 City of Chicago, 111., 4s, .
5.000 Cleveland & Pittsburgh R.R. 3£s, .
1.000 City of St. Louis, Mo., 4s,
50.000 City of St. Louis, Mo., 3|s,
8.000 City of Boston, Mass., 3^s,
5.000 City of Boston, Mass., 3£s,
22,800 Town of Dedham, Mass., 3Js,
I
$50,000 00
1
{■
16,500 00
I
I
J
Ì
1-
10,000 00
I
J
I
50,000 00
[
25,000 00
Loans on Bank Stock, amount on each : —
23
13
2
25
30
135
shares
shares
shares
shares
shares
shares
Monument National Bank, B o s to n ,..........................................
Peoples National Bank, B o s t o n , .......................................... ]
Monument National Bank, B o s to n ,...........................................!
Colonial National Bank, B o s t o n , ...........................................I
Commercial National Bank, B o s t o n , .................................. j
Manufacturers National Bank, Lynn,
.
$2,300 00
6,900 00
10,800 00
Loan on Railroad Bonds : —
$10,000 Cleveland & Pittsburgh R.R. 3 ^ s ,....................................................
$8,500 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3is, .
.
.
.
City of Boston, Mass., 4s,
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4 is ,.
of Malden, Mass., 4s,
of Manchester, N. H., 5s,
of Medford, Mass., 4s,
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Providence, R. I., 4s, .
of Taunton, Mass , 4s,
Town of Lexington, Mass , 4s,
of Milton, Mass., 4s,
of Natick, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$113,000 $121,355 00 $113,000 00
50,000 00
53,875 00
50,000
38,000 00
40,832 50
38,000
25,000 00
27,906 25
25,000
25,000 00
27,812 50
25,000
50,000 00
57,375 00
50,000
50,000 00
55,075 00
50,000
66,000 00
71,362 50
66,000
50,000 00
54,968 75
50,000
54,000 00
60,970 00
54,000
14,000 00
14,997 50
14,000
50,000 00
52,737 50
50,000
14,500 00
14,556 25
14,500
16,000 00
17,880 00
16,000
$615,500 $671,703 75
$615,500 00
[Pub. Doc
REPORT OF THE
106
C h arlestow n F iv e Cents Savings B an k — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Estimated
Par Value.
12 Andover Nat’l Bank, Andover,
200 Atlas National Bank, Boston, .
106 Blackstone Nat’l Bank, Boston,
145 Boylston Nat’l Bank, Boston, .
250 Bunker Hill N’l Bank, Boston,
500 Colonial Nat’l Bank, Boston, .
500 Continental N’l Bank, Boston,
300 Eliot National Bank, Boston, .
20 First National Bank, Boston, .
150 First Ward N’l Bank, Boston,
65 Freemans Nat’l Bank, Boston,
250 Manufacturers N’l B’k, Boston,
224 Metropolitan N’l B’k, Boston, .
166 Monument N’i Bank, Boston, .
263 N’l B’k of Commerce, Boston,
700 N’l B’k of Redemption, Boston,
342 N’l B’k of the Republic, Boston,
326 National City Bank, Boston, .
27 N’l Market Bank of Brighton,
Boston,..................................
72 Nat’l Suffolk Bank, Boston,
156 National Webster B’k, Boston,
123 State National Bank, Boston, .
90 Suffolk National Bank, Boston,
275 Tremont Nat’l Bank, Boston, .
150 Home National B’k, Brockton,
26 Conway Nat’l Bank, Conway, .
75 Wachusett N’l B’k, Fitchburg,
25 Union National Bank, Lowell,
100 First National Bank, Lynn,
67 Blue Hill Na’l Bank, Milton, .
147 Newton Nat’l Bank, Newton, .
$ 1,200
20,000
2,438
14,500
25,000
50,000
-
30,000
2,000
15,000
6,500
-
22,400
16,600
26,300
70,000
34,200
-
2,700
7,200
15,600
12,300
-
13,750
15,000
2,600
7,500
2,500
10,000
6,700
14,700
$446,688
Market Value.
Amount Invested.
$1,320
23,000
636
15,950
46,250
75,000
2,500
49,800
3,540
24,000
7,150
500
23,968
31,706
39,450
119,000
54,720
326
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$1,200 00
20,000 00
2,754
9,576
18,408
18,696
540
1,375
26,250
2,600
8,250
4,375
11,800
7,772
13,230
00
00
00
00
00
00
00
00
00
00
00
00
00
2,700
7,200
15,600
12,300
-
14,500 00
25,000 00
75,000 00
-
30,000
2,000
14,800
6,500
00
00
00
00
-
22,400
16,600
26,300
70,000
34,200
00
00
00
00
00
-
00
00
00
00
-
2,750
15,000
2,600
7,500
2,500
10,000
6,700
13,900
00
00
00
00
00
00
00
00
$644,442 00 $457,250 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Cleveland & Pittsburgh R R. 4£s,
Concord & Claremont R.R. 4£s,
Concord & Montreal R R. 4s, .
Fitchburg R.R, 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$12,000
125,000
50,000
25,000
50,000
100,000
Estimated
Market Value.
$12,270
156,250
61,000
27,375
54,000
105,983
00
00
00
00
00
75
Amount Invested.
$11,700
125,000
50,000
25,000
50,000
96,000
00
00
00
00
00
00
No. 8.]
107
SAYINGS BANK COMMISSIONERS.
Charlestown. F iv e Cents S avings B ank — Continued.
Detailed Statement of Railroad Bonds — Concluded.
Par Value.
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Estimated
Market Value.
Amount Invested.
$150,000 $162,000 00 $150,000 00
40.000 00
41,700 00
40.000
25.000
25.000 00
28,562 50
$577,000 $649,141 25 $572,700 00
Boston Terminal Company Bonds.
Par Value.
Estimated
Market Value.
Amount Invested.
$110,000 $127,050 00 $110,000 00
Boston Terminal Company 3£s,
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.
Rate.
$103,297 82
15.000 00
54.000 00
65,OHO 00
943,100 00
2 per cent.
2é
“
3£
“
¥
::
Rate.
Amount.
$117,500
430,800
95,000
999,475
178,200
00
00
00
00
00
49 per cent.
4|
“
49
“
4£
“
4|
“
Amount.
$1,981,504 00 5 per cent.
86,000 00 H
“
211,625 00 H
“
69,645 00 6
7,500 00 6è
“
Amount invested in real estate for banking purposes....................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
, o th e r w is e ,.....................................................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 616
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................879
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: third Wednesday in April
and October; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
$70,000
67.500
67.500
3,786
00
00
00
51
67,200 00
83,000 00
1,927 74
922,174 00
316,696 80
108
REPORT OF THE
[Pub. Doc.
Charlestown Five Cents Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 1| per cent., $110,565 41 ) ^222 455
during the year ending Oct. 31, 1902,
.
1 I f per cent., 111,889 81 )
’
Number of accounts opened during the year ending Oct. 31, 1902,
1,968
Number of accounts closed during the year ending Oct. 31, 1902,
1,796
Total number of open accounts Oct. 31, 1902,
.
.
.
.
18,506
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
16,524
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
846,577
Number of s a m e ,.............................................................................14,692
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
944,453
Number of s a m e , .............................................................................11,924
Date of examination by commissioner : April 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22
52
97
73
No. 8.]
SAYINGS BANK COMMISSIONERS.
109
C H EL SE A SA V IN G S B A N K — CH ELSE A.
Incorporated April 29, 1854.
Present number of corporators, 211.
T hom as S t r a h a n , President.
A lber t A. F ic k et t , Treasurer.
A lber t A. F ick et t , Clerk o f the Corporation.
Names of committee charged with the investment ofits funds:
A lb er t A . F ick et t ,
B en ja m in F . D odge ,
G eorge E . M o r r il l ,
A bram T. C o l l ie r ,
C har les G. R oberts .
Open for business every business day, 8 a . m . to 1 p . m . ; also Saturdays, 4 to 8 p .m .
B a l a n c e S h e e t O c t . 31, 1902,
A ssets.
Public funds, as per schedule, .
Loans on public funds.
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ..................................
Real estate bv foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand, . . .
.
L ia b il it ie s .
$435,50»
1,550
159,050
37,250
450,362
00
00
00
00
50
36.579
87,506
2,102,895
1,229,790
40
02
00
00
37.000
58,951
5,337
5 998
6,307
00
45
37
45
99
$4,654,078 18
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$4,291,950 43
215,000 00
37,112 54
110,015 21
$4,654,078 18
Cash on Deposit in Banks, amount in each : —
National Shawmut Bank, B o s t o n , ............................................................$17,287 70
First National Bank, C h e l s e a , ....................................................................
20,410 95
Winnisimmet National Bank, C h e l s e a , ...................................................
21,252 80
Loans on Public Funds, amount on each : —
$1,050 United States 4 s , .............................................................................$1,050 00
500 United States 4 s , ............................................................................
500 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
110
C helsea Savings B ank — Continued.
Loan8 on Bank Stock, amount on each: —
500 shares
24 shares
15 shares
4 shares
$35,000
800
1,150
300
National Hamilton Bank, Boston,
First National Bank, Bangor, Me., .
Winnisimmet National Bank, Chelsea,
Fourth National Bank, Boston,.
00
00
00
00
Detailed Statement o f Public Funds.
Par Value.
New Hampshire 6s, .
City of Boston, Mass., 3£s,
of Boston. Mass., 4s,
of Cambridge, Mass., 6s, .
of Canton, Ohio, 5 s,.
of Chelsea, Mass., 4s,
of Dayton, Ohio, 5s,.
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 4£s,
of Gardiner, Me., 4s,
of Grand Rapids, Mich., 4s,
of Keene, N. H., 4s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 4s,
of Lewiston, Me., 5s,
of Lowell, Mass., 4s,
of Newton, Mass., 4s,
of Saginaw, Mich., 4s,
of Taunton, Mass., 4s,
of Waltham, Mass., 4s, .
Town of Canton, Mass., 4s,
of Danvers, Mass., 5s, .
of Marblehead, Mass., 4s,
of Norwalk, Conn., 4s, .
of Winthrop, Mass., 5 s ,.
,
$3,500
20,000
50,000
2,000
4,000
20,000
1,000
5,000
20,000
6,000
11,000
20,000
25,000
30,000
16,000
8,000
65,000
25,000
25,000
22,000
8,000
2,000
5,000
31,000
11,000
Estimated
Market Value.
$3,623
20,700
53,937
2,020
4,160
20,550
1,045
5,250
21,800
6,180
11,340
20,550
27,500
32,625
17,120
8,720
69,850
25,725
27,437
23,750
8,397
2,100
5,030
31,000
11,330
75
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
50
00
00
00
00
$435,500 $461,741 25
Amount Invested.
$3,500
20,000
50,000
2,000
4,000
20,000
1,000
5,000
20,000
6,000
11,000
20,000
25,000
30,000
16,000
8,000
65,000
25,000
25,000
22,000
8,000
2,000
5,000
31,000
11,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$435,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
216
98
212
25
226
100
Estimated
Par Value.
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Commercial N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$21,600
9,800
21,200
2,500
22,600
10,000
Market Value.
$24,840
10,780
26,500
3,375
37,516
17,700
00
00
00
00
00
00
Amount Invested.
$21,600
9,800
21,200
2,500
22,600
10,000
00
00
00
00
00
00
No. 8.]
SAYINGS BANK COMMISSIONERS.
Ill
Chelsea Savings B ank— Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
32
200
52
63
130
43
20
42
87
17
15
30
15
15
5
20
Par Value.
Freemans N’l Bank, Boston, .
Merchants N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat"l Webster Bank, Boston, .
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,.
Winnisimmet N’l B’k, Chelsea,
Union National Bank, Lowell,
Nat’l Exchange Bank, Salem,.
First N’l Bank, So. Weymouth,
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$3,200 00
20,000 00
5,200 00
6,300 00
13,000 00
2,000 00
4,200 00
8,700 00
$159,225 $232,406 00
$159,050 00
$3,200
20,000
5,200
6,300
13,000
-
2,000
4,200
8,700
-
750
3,000
1,500
1,500
175
2,000
$3,520
38,200
7,800
10,710
20,800
43
3,040
4,956
13,224
102
75
3,000
1,575
2,625
25
2,000
-
750
3,000
1,500
1,500
00
00
00
00
-
2,000 00
Detailed Statement o f Bailroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. lis ,
Boston & Providence R R. 4s, .
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3is, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
..
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3s, .
Illinois Central R.R 3is, .
Michigan Central R.R. 5s,
New York, New Haven & Hartford
R .R .3¿s,
.
• •
New York, New Haven & Hartford
R.R. 4s.............................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s............................
Sioux City & Pacific R.R. 3 is ,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
20,000
45,000
15,000
15,000
25,000
35,000
14,000
25,000
45,000
25,000
31,000
Estimated
Market Value.
$27,625
24,500
48,150
17,850
16,050
25,250
35,660
14,980
29,000
38,475
24,625
38,595
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$25,000
20,000
45,000
15,000
15,000
25,000
35,000
14,000
25,000
40,362
25,000
31,000
00
00
00
00
00
00
00
00
00
50
00
00
25,000
25,500 00
25,000 00
25,000
20,000
40,000
25,000
28,250
21,900
43,975
25,000
25,000
20,000
40,000
25,000
$455,000
00
00
00
00
$485,385 00
00
00
00
00
$450,362 50
112
[Pub. Doc.
REPORT OF THE
Chelsea Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate of Interest.
Rate.
Amount.
$17,287
41,663
476,500
25,000
70
75
00
00
2 per cent.
2h
“
4
“
4£
“
Amount.
$232.000
25,000
287 000
171,000
00
00
00
00
Rate.
Amount.
Rate.
4| per cent.
4»
“
4£
41
$1,431,180 00
287,980 00
472,825 00
5 per cent.
5£
“
6
$36,579
Amount invested in real estate for banking purposes,..................................
44,000
Estimated value of the s a m e , ....................................................................
32,950
Assessed value of the s a m e ,............................................................................
14
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
87,506
o th e r w is e ,......................................................................................................
104,600
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 968
Aggregate amount of the s a m e , .................................................................... 1,338,485
Total number of loans upon real e s t a t e , .................................. 1,081
Gross amount of interest or profits received or earned, as per books,
210,091
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: April 15 and October 15;
payable on same days.
Rate and amount of each semi-annual dividend { 1| per cent., $69,256 89 | 139,280
during the year ending Oct. 31, 1902,
.
1 1| per cent., 70,023 71
Number of accounts opened during the year ending Oct. 31, 1902,
2,225
Number of accounts closed during the year ending Oct. 31, 1902,
1,593
Total number of open accounts Oct. 31, 1902,
.
.
.
.
17,058
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
10,392
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
863,992
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................24,186
Amount of withdrawals, including dividends, during the year ending
883,617
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of s a m e , .............................................................................14,649
Date of examination by commissioner: March 31, April 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
40
00
00
99
02
00
00
16
60
19
31
02
No. 8.]
SAVINGS BANK COMMISSIONERS.
113
CH ICOPEE SA V IN G S B A N K — CH ICOPEE.
Incorporated Feb. 27, 1845.
J ohn B. W
ood ,
Present number of corporators, 51.
President.
L u th e r W
R ussell L . S cott, Treasurer.
h it e ,
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
John B . W ood ,
Jam es L. P ease ,
C. J. D r isc o ll ,
J. A. Ca r t e r .
Open for business every business day, 9 a . m . to 3 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Cash on hand, . . . .
L ia b il it ie s .
$80,000
22,600
199,338
500
75,000
2,678
725,240
153,643
00
00
75
00
00
83
00
37
22,300
660
36,783
4,511
909
3,748
00
00
35
34
51
02
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,327,913 17
$1,257,154 08
58,600 00
6,813 72
5,345 37
$1,327,913 17
Cash on Deposit in Banks, amount in each : —
First National Bank, C h icop ee,..........................................
Chapin National Bank, S p rin g fie ld ,..................................
Chicopee National Bank, Springfield,
.
.
.
.
City National Bank, S p r i n g f i e l d , ..................................
Pynchon National Bank, Springfield,..................................
Second National Bank, S p rin g fie ld ,..................................
Springfield National Bank, Springfield, .
.
.
.
Springfield Safe Deposit and Trust Company, Springfield,
Hampden Trust Company, Springfield,
.
$4,511
1,000
15,000
2,000
756
4,026
5,000
4,000
5,000
34
00
00
00
99
36
00
00
00
Loans on Railroad Stock, amount on each : —
2 shares Boston & Albany R . R . , ..................................
8 shares Boston & Albany R . R . , ..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$300 00'
200 00
114
REPORT OF THE
[Pub. Doc.
C h ico p e e Savings B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Akron, Ohio, 5s, .
of Altoona, Pa., 4s, .
of Chicopee, Mass., 4s,
of Lynn, Mass., 4s, .
of Portland, Me., 6s,
of Providence, R. I., 4s,
Town of Rockport, Mass., 4s, .
$5,000
26,000
15,000
10,000
5,000
10,000
9,000
$80,000
Estimated
Market Value.
$5,050
28,572
16,511
10,850
5,600
•10,600
9,153
00
50
25
00
00
00
75
$86,337 50
Amount Invested.
$5,000
26,000
15,000
10,000
5,000
10,000
9,000
00
00
00
00
00
00
00
$80,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
too
66
50
Par Value.
N’l B’k of Redemption, Boston,
First Nat’l Bank, Chicopee,
Chapin N’l Bank, Springfield,
City Nat’l Bank, Spi'ingfield, .
$1,000
10,000
6,600
5,000
$22,600
Estimated
Market Value.
$1,700
13,000
7,920
7,250
00
00
00
00
$29,870 00
Amount Invested.
$1,000
10,000
6,600
5,000
00
00
00
00
$22,600 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R, 3ès,
Boston & Maine R.R. 4ès,
Chic., Burlington & Quincy R.R. 3<Js,
Fitchburg R.R 3ès, .
.
.
.
Illinois Central R.R. 3s, .
Illinois Central R.R. 3ès, .
Michigan Central R.R. 6s,
Maine Central R.R. 4s,
Maine Central R.R. 5s,
New York, New Haven & Hartford
R.R 3£s,
.
.
.
.
.
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R 4s, .
Portland & Rumford Falls R.R. 4s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$4,000
15,000
5,000
53,000
20,000
5,000
20,000
5,000
6,000
3,000
$1,040
15,150
6,125
52,995
20,200
4,350
19,700
5,675
6,210
3,345
15,000
15,300 00
15,000 00
35,000
13,000
1,000
39,500 00
14,560 00
1,077 50
35,000 00
13,000 00
1,000 00
$200,000 $208,228 00
$199,338 75
00
00
00
50
00
00
00
00
00
00
$4,000
15,000
5,000
52,951
20,000
4,387
20,000
5,000
6,000
3,000
00
00
00
25
00
50
00
00
00
00
No. 8.]
SAYINGS BANK COMMISSIONERS.
115
Chicopee Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$75,000
Estimated
Market Value.
$86,625 00
Amount Invested.
$75,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$16,026 36
20,000 00
13,000 00
Bate.
3 per cent.
3£
3|
“
Amount.
$63,562 36
15,000 00
148,300 00
Kate.
4 per cent.
H
«
Amount.
$16,000 00
647,238 00
Rate.
4| per cent.
5
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$2,678 83
Assessed value of the s a m e ,............................................................................
2,700 00
Number of loans which are of an amount not exceeding $3,000 each, 390
Aggregate amount of the s a m e , ....................................................................
457,073 00
Total number of loans upon real e s t a t e , ...........................................417
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
56,015 54
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $22,538 94 I
45,725 96
during the year ending Oct. 31, 1902,
.
t 2 per cent.,
23,187 02 )
Number of accounts opened during the year ending Oct. 31, 1902, . 535
Number of accounts closed during the year ending Oct. 31, 1902,
. 388
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,715
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
3,710 52
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
243,180 48
Number of s a m e , ............................................................................ 3,158
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
199,163 16
Number of same.................................................................................2,046
Date of examination by commissioner: March 27, 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
116
[Pub. Doc.
CH ICOPEE P A LL S S A V IN G S B A N K — CH ICOPEE P A L L S .
«
Incorporated May 11, 1875.
Present number of corporators, 39.
G eorge S. T a y l o r , President.
H e n r y J. B o y d , Treasurer.
H e n r y J. B o y d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
H. Sm it h N e w e l l ,
Jam es F l in t ,
Jam es E. T a y l o r ,
G eorge M . M orton .
Open for business every business day, 9 a . m . to 3 p . m . ; also Thursdays and Saturdays,
6 to 8
p .m .
/
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures,
Cash on hand, . . .
.
$17,292
30,530
63,919
11,000
451,435
73,017
38,302
2,999
182
3,255
2,979
50
00
98
00
15
75
88
04
67
00
34
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$694,914 31
$657,643 67
17,275 63
2,892 00
17,103 01
$694,914 31
Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, Springfield,..................................
City National Bank, S p r i n g f i e l d , ..................................
Pynchon National Bank, Springfield,
.
.
.
.
Springfield National Bank, Springfield,
.
Springfield Safe Deposit and Trust Company, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$13,999
9,933
1,860
7,874
7,634
04
13
67
80
28
No. 8.]
SAYINGS BANK COMMISSIONERS.
117
C h ico p e e F a lls Savings B an k — Continued.
Detailed Statement o f Publie Funds.
Par Value.
$17,000
City of Chicopee, Mass., 3¿s, .
Estimated
Market Value.
f 17,212 50
Amount Invested.
$17,292 50
Ko. o f ¡I
Shares. I
Detailed Statement o f Bank Stocks.
Par Value.
4
10 First National Bank, Chicopee,
5 First N’l Bank, Easthampton,
16 Franklin Co. N’l B’k,Greenfield,
20 Hadley Falls N’l B’k, Holyoke,
50 Home Nat’l Bank, Holyoke, .
13 Palmer Nat’l Bank, Palmer, .
4 Agawam N’l B’k, Springfield,
40 Chapin Nat’l B’k, Springfield,
25 Chicopee N’l B’k, Springfield,
50 City Nat’l Bank, Springfield, .
20 First Nat’l Bank, Springfield,.
20 Springfield Safe Deposit and
Trust Co., .
.
.
.
$1,000
500
1,600
2,000
5,000
1,300
400
4,000
2,500
5,000
2,000
Estimated
Market Value.
$1,300
500
1,664
2,540
6,000
1,300
360
4,800
3,750
7,250
2,100
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,000
500
1,600
2,000
5,000
1,300
400
4,930
2,500
5,000
3,300
00
00
00
00
00
00
00
00
00
00
00
2,000
3,000 00
3,000 00
$27,300
$34,564 00
$30,530 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 3ès, .
.
.
.
Illinois Central R.R. 3¿s,.
New York, New Haven & Hartford
R.R. 3 è s , ..................................
New York, New Haven & Hartford
R.R. 4 s,.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$20,000
10,000
5,000
$19,800 00
10,150 00
4,925 00
$20,311 60
10,393 03
5,143 82
10,000
10,300 00
10,556 11
15,000
17,100 00
17,515 42
$60,000
$62,275 00
$63,919 98
[Pub. Doc.
REPORT OF THE
118
Chicopee Palls Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
$10,000
Boston Terminal Company 3ès,
Estimated
Market Value.
$11,550 00
Amount Invested.
$11,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$17,567 41
18,874 80
Kate.
3 per cent.
3A
“
Amount.
$58,000 00
466,452 90'
Rate.
4^ per cent.
Amount.
$1,860 67
Kate.
6 per cent.
5
Number of loans which are of an amount not exceeding $3,000 each, 252
Aggregate amount of the s a m e , .................................................................... $285,852
Total number of loans upon real e s t a t e , ...........................................235
Amount of investments from which no income is received,
5,610
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
29,957
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $11,727 57 >
23,812
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
12,084 56 j
Number of accounts opened during the year ending Oct. 31, 1902, . 425
Number of accounts closed during the year ending Oct. 31, 1902,
. 242
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,055
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)................................................................................................
2,252
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,...................................................
142,281
Number of s a m e , .............................................................................2,991
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
119,148
Number of s a m e , ...................................................
.
.
.
1,517
Date of examination by commissioner: March 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
90
67
29
13
21
45
00
No. 8.]
119
SAYINGS BANK COMMISSIONERS.
C IT IZ E N S ’ S A V IN G S B A N K — P A L L H IV E R .
Incorporated October, 1851. Present number of corporators, 49.
J ohn C. M il n e , President.
E . E . H a t h a w a y , Treasurer.
G eokge H . E d d y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
John C. M il n e ,
H enry H . E a r l,
W il l ia m F. T h o m as ,
Sa m u el W . H a t h a w a y ,
Jam es M . S w if t .
Open for business every business day, 9 a . m . to 1 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Cash on hand, . . . .
$173,000
287,412
675,000
25,000
23,810
2,355,609
928,652
00
50
00
00
10
00
00
13,333
117,757
22,578
3,057
9,193
18
59
37
01
62
$4,634,403 37
Deposits, .
Guaranty fund,
Discount, .
Suspense account,
.
$4,242,865
210,533
166,109
14,894
44
55
90
48
$4,634,403 37
Cash on Deposit in Banks, amount in each : —
Eliot National Bank, Boston........................................................................... $27,894
First National Bank, B o s t o n , ....................................................................
27,689
National Bank of Redemption, Boston..........................................................
23,659
National Bank of the Republic, B o s t o n , ...................................................
27,619
National Suffolk Bank, B o s to n ,....................................................................
10,894
Pocasset National Bank, Fall R i v e r , ............................................................
22,578
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
24
62
55
65
53
37
[Pub. Doc
REPORT OF THE
120
Citizens’ Savings B ank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s..............................
City of Bay City, Mich., 8s,
of Chicago, 111., 4s, .
of Indianapolis, Ind , 4s, .
of Kansas City, Mo., 4ès,.
of Milwaukee, Wis., 5s, .
of Somerville, Mass., 4£s,
of Waterbury, Conn., 4 s ,.
$41,000
500
25.000
23.000
50.000
18.000
5,000
10,500
$173,000
Estimated
Market Value.
$43,560
625
27,000
25,472
55,812
19,458
5,000
11,219
00
00
00
50
50
75
00
37
Amount Invested.
$41,000
500
25.000
23.000
50.000
18.000
5,000
10,500
00
00
00
00
00
00
00
00
$188,148 12 $173,000 00
No. o f
Shares.
D etailed Statem ent o f B a n k Stocks.
6
6
93
250
50
77
128
25
188
116
114
49
102
184
149
327
161
800
180
40
Par Value.
Colonial Nat’l Bank, Boston, .
Continental Nat’l B’k, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Merchants N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’ l Shawmut Bank, Boston,
National Suffolk Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Washington Nat’l B’k, Boston,
Fall River N’l B’k, Fall River,
Massasoit N’l B’k, Fall R iver,.
Metacomet N’l B’k, Fall River,
Nat’l Union Bank, Fall River,
Pocasset N’l Bank, Fall River,
Second Nat’l Bank, Fall River,
Union National Bank, Lowell,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600
-
9,300
25,000
5,000
7,700
12,800
2,500
18,800
11,600
11,400
-
18,400
14,900
32,700
16,100
80,000
18,000
4,000
Estimated
Market Value.
$900
30
15,438
44,250
9,550
11,550
21,760
4,000
44,180
15,428
17,328
294
510
21,344
24,585
39,894
18,032
124,000
27,900
7,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested
$600 00
-
9,300
25,000
5,000
7,700
12,800
2,500
18,800
11,600
11,400
00
00
00
00
00
00
00
00
00
-
17,012 50
14,900 00
32,700 00
16,100 00
80,000 00
18,000 00
4,000 00
$288,800 $447,973 00 $287,412 50
No. 8.]
121
SAYINGS BANK COMMISSIONERS.
Citizens’ Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.
Estimated
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R.
4 £ s , ...........................................
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R R. 4s,
Chic., Burlington & Quincy R R 5s,
Cleveland & Pittsburgh R.R. 4is, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3ès, .
Illinois Central R.R 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Mahoning Coal Company R.R. 5s, .
Maine Central R.R. 4£s, .
Maine Central R.R. 5s,
Maine Central R.R. 7s,
Menominee River R.R. 7s,
Milwaukee, Lake Shore & Western
R.R 5 s ,...........................................
Milwaukee, Lake Shore & Western
R.R. 6s.............................................
New York, Lackawanna & Western
R R. 6s.............................................
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
St. Johnsbur}7 & Lake Champlain
R.R 5 s ,...........................................
Troy & Boston R.R. 7s, .
Worcester, Nashua & Roch. R.R. 4s,
Market Value.
Amount Invested.
$25,000
20,000
$26,562 50
25,000 00
$25,000 00
20,000 00
6,000
7,000
10,000
45,000
100,000
20,000
1,000
35,000
25,000
75,000
6,900
7,297
10,300
50,625
122,000
21,600
1,080
40,775
24,750
83,000
00
50
00
00
00
00
00
00
00
00
6,000
7,000
10,000
45,000
100,000
20,000
1,000
35,000
25,000
75,000
00
00
00
00
00
00
00
00
00
00
20,000
15,000
26,000
2,000
31,000
12,000
22,600
18,900
28,145
2,245
39,680
13,440
00
00
00
00
00
00
20,000
15,000
26,000
2,000
31,000
12,000
00
00
00
00
00
00
77,000
94,710 00
77,000 00
8,000
10,600 00
8,000 00
35,000
3,000
2,000
25,000
46,550
3,135
2,125
27,343
00
00
00
75
20,000
5,000
25,000
26,000 00
7,450 00
26,125 00
35,000
3,000
2,000
25,000
00
00
00
00
20,000 00
5,000 00
25,000 00
$675,000 $788,938 75 $675,000 00
Boston T erm inal Com pany Bonds.
Par Value.
Boston Terminal Company 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
Estimated
Market Value.
$28,875 00
Amount Invested.
$25,000 00
122
[Pub. Doc.
REPORT OF THE
Citizens’ Savings Bank — Concluded.
Total A m ou nt o f L oa n s , with E a ch Specified R ate o f Interest.
Kate.
A m ou n t.
Kate.
A m ou n t.
Rate.
2 per cent.
$ 7 8 5 ,2 4 8 0 0
2 0 ,0 0 0 0 0
1 ,4 7 9 ,7 5 5 0 0
4£ per cent.
$ 6 1 8 ,0 4 8 0 0
1 4 6 ,7 1 0 0 0
54 per cent.
6
A m ou n t.
$ 1 1 7 ,7 5 7 5 9
2 3 7 ,8 3 3 18
1 0 ,0 0 0 0 0
4
“
4^
“
4§
5
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 339
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real estate....................................................521
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: second Monday in June
and December; payable on same days.
Rate and amount of each semi-annual dividend | 2 per cent., $79,293 70
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
80,439 43
Number of accounts opened during the year ending Oct. 31, 1902,
1,528
Number of accounts closed during the year ending Oct. 31, 1902,
1,237
Total number of open accounts Oct. 31, 1902,
.
.
.
.
6,998
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e ,.............................................................................6,591
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , ..............................................................................................
Number of s a m e , .............................................................................5,661
Date of examination by commissioner: October 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$23,810 10
16,500 00
458,998 00
223,286 97
159,733 13
11,585 91
631,109 26
644,004 31
No. 8.]
123
SAYINGS BANK COMMISSIONERS.
C IT Y SA V IN G S B A N K — P IT T SF IE L D .
Incorporated April 13, 1893.
Present number of corporators, 31.
F ran cis W . R o c k w e l l , President.
H ir a m B. W e ll in g to n , Treasurer.
J. F red K a h l , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
H ir am B. W ell in g to n ,
Jacob G im l ic h ,
H e n r t R. P eir so n ,
A r t h u r A. M il l s ,
W il l ia m M . M er c er .
Open for business every business day except Saturdays, 9 a . m . to 3 b . m . ; Saturdays,
9 a . m . to 6 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, noton interest,
Expense account,
Premium account,
Interest account,
Cash on hand, . . .
.
$11,000
6,228
1,200
81,375
290
45,000
5,227
419,201
37,130
00
00
00
00
00
00
83
62
00
3,500
300
4,750
14,151
775
4,363
22
1,954
00
00
27
17
52
87
36
93
$636,470 57
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rent account, .
$624,362 51
7,677 94
3,884 83
3 78
541 51
$636,470 57
Cash on Deposit in Banks, amount in each : —
Agricultural National Bank, Pittsfield,
Pittsfield National Bank, Pittsfield, .
Third National Bank, Pittsfield, .
.
.
Berkshire Loan & Trust Co., Pittsfield,
.
$1,775
3,381
8,494
5,250
01
56
60
27
Loans on Bank Stock, amount on each : —
10 shares Berkshire Loan & Trust Co., Pittsfield,
2 shares Berkshire Loan & Trust Co., Pittsfield,
$ 1,0 0 0 00
200 00
Loans on Railroad Stock, amount on each : —
1 share Boston & Albany R .R ., .
1 share Boston & Albany R .R ., .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
$100 00
190 00
124
REPORT OF THE
[Pub. Doc.
City Savings Bank — Continued.
D etailed Statem ent o f P u blic F u n d s.
Par Value.
Town of Adams, Mass., 5s,
of Stoughton, Mass., 4s,
Estimated
Market Value.
Amount Invested.
$5,000
6,000
$5,150 00
6,540 00
$5,000 00
6,000 00
$11,000
$11,690 00
$11,000 00
Ko. of
Shares.
D etailed Statem ent o f B a n k Stocks.
10
5
19
10
Par Value.
Berkshire N’l B’k, No. Adams,
Agricultural N’l B’k, Pittsfield,
First Nat’l Bank, Springfield, .
Housatonic National Bank,
Stockbri dge, .
.
.
.
Estimated
Market Value.
Amount Invested.
$1,000
500
1,900
$1,060 00
1,225 00
1,995 00
$1,075 00
1,300 00
2,318 00
1,000
1,500 00
1,535 00
$4,400
$5,780 00
$6,228 00
D etailed Statem ent o f B a ilroa d Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston, Revere Beach & Lynn R.R.
4ès....................................................
Chic., Burlington & Quincy R R. 3ès,
Chic , Burlington & Quincy R R. 7s,
Concord & Montreal R R 4s, .
Dexter & Newport R.R. 4s,
Erie & Pittsburgh R.R 3£s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s, .
Penobscot Shore Line R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested
$6,000
$6,420 00
$6,000 00
5,000
21,000
2,000
4,000
5,000
1,000
5,000
5,000
20,000
8,000
5,800
21,000
2,040
4,320
5,350
1,020
5,500
4,400
20,000
8,640
5,000
20,975
2,000
4,000
5,000
1,000
5,000
4,400
20,000
8,000
$82,000
00
00
00
00
00
00
00
00
00
00
$84,490 00
00
00
00
00
00
00
00
00
00
00
$81,375 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
125
City Savings Bank — Concluded.
Boston T erm inal Com pany Bonds.
Par Value.
Boston Terminal Company 3ès,
$45,000
Estimated
Market Value.
$51,975 00
Amount Invested.
$45,000 00
Total A m ount o f L oa n s , w ith E ach Specified R ate o f Interest.
Amount.
$4,750 27
50.000 00
15.000 00
Rate.
2 per cent.
4f
“
4è
“
Amount.
$13,500 00
2,100 00
Rate.
Amount.
4§ per cent.
$360,110 03
20,911 59
Rate.
5 per cent.
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$5,227 83
5,100 00
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31,1902,
241 58
Number of loans which are of an amount not exceeding $3,000 each, 164
306,299 71
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................172
Gross amount of interest or profits received or earned, as per books,
25,468 21
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws: January 10 and July 10;
payable on same days.
Rate and amount of each semi-annual dividend f I f per cent., $8,692 32 |
18,018 16
during the year ending Oct. 31, 1902,
.
1 If per cent.,
9,325 84 )
Number of accounts opened during the year ending Oct. 31, 1902, . 607
Number of accounts closed during the year ending Oct. 31, 1902,
. 333
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,928
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
2,561 37
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
202,827 36
Number of s a m e , ............................................................................ 2,837
Amount of withdrawals, including dividends, during the year ending
124,070 89
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , ............................................................................ 1,446
Date of examination by commissioner : October 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
126
REPORT OF THE
[Pub. Doc.
C IT Y F IV E CENTS S A V IN G S B A N K — H A V E R H IL L .
Incorporated March 31, 1870.
Present number of corporators, 46.
J ohn E. G a l e , President.
G eorge W . N oyes , Treasurer.
G eorge W . N o t e s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds .
John E. G a l e ,
P h il ip C. S w e p t ,
Sa m u e l W . H opkin so n ,
S. P. G a r d n e r ,
G eorge N ich o ls , 2d.
Open for business every business day except Saturdays, 9 a . m . to 2 p . m
Saturdays, 9 a . m . to 12.30 p . m .
.
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Tax account,
Cash on hand, . . .
.
L ia b il it ie s .
$168,650
35.350
7,600
360.000
600
150.000
632,145
605,050
00
00
00
00
00
00
31
00
47,600
79.350
2,785
17,228
2,790
930
00
50
26
64
91
04
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$2,110,080 66
$1,956,519 93
97,000 00
34,474 33
21,669 40
417 00
$2,110,080 66
Cash on Deposit in Banks, amount in each: —
First National Bank, H averhill,..................................
Haverhill National Bank, Haverhill, . . .
.
Haverhill Safe Deposit and Trust Company, Haverhill,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
f39,350 50
15.000 00
25.000 00
No. 8.]
127
SAVINGS BANK COMMISSIONERS.
City Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
8 shares First National Bank, H averhill,...................................................
10 shares First National Bank, H averhill,................................................... 1
18 shares Pacific National Bank, L a w r e n c e , ...........................................I
12 shares National Bank of Methuen, M e t h u e n , .............................. J
18 shares First National Bank, H averhill,...................................................
40 shares Farmington National Bank, Farmington, N. H.,
.
.
.
8 shares First National Bank, H averhill,...................................................
$800 00
3,000 00
500 00
2,500 00
800 00
Loan on Railroad Stock: —
6
shares Boston & Maine R .R .,................................................................
$600 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
City of Brockton, Mass., 4s,
of Haverhill, Mass., 4s, .
of Kansas City, Mo., 4£s,
of Indianapolis, Ind., 4s, .
of Medford, Mass., 4s,
of Newton, Mass., 4s,
of Portsmouth, N H., 4s,
of Youngstown, Ohio, 5s,
Town of Bradford, Mass., 4s, .
of Plaistow, N. H., 4s, .
$25,000
7,000
46,000
10,000
10,000
11,000
25,000
10,000
10,000
12,150
2,500
Estimated
Market Value.
$26,812
7,245
47,844
11,150
11,000
11,787
28,650
10,750
10,325
12,451
2,607
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$25,000
7,000
46,000
10,000
10,000
11,000
25,000
10,000
10,000
12,150
2,500
00
00
00
00
00
00
00
00
00
00
00
$168,650 $180,621 00 $168,650 00
Detailed Statement o f Bank Stocks.
oS
'c §
^œ
30 Massachusetts N’l B’k, Boston,
25 Merchants Nat’l Bank, Boston,
9 N’l B’k of Commerce, Boston,
15 Tremont Nat’l Bank, Boston, .
165 First National Bank, Haverhill,
45 Haverhill N’l Bank, Haverhill,
22 Merrimack N’l B’k, Haverhill,
50 Haverhill Safe Deposit and
Trust Co., Haverhill, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Tar Value.
$3,000
2,500
900
750
16,500
4,500
2,200
Estimated
Market Value.
$3,870
4,775
1,350
75
23,925
7,650
3,190
00
00
00
00
00
00
00
Amount Invested.
$3,000
2,500
900
750
16,500
4,500
2,200
00
00
00
00
00
00
00
5,000
6,000 00
5,000 00
$35,350
$50,835 00
$35,350 00
128
REPOBT OF THE
[Pub. Doc.
City Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Bennington & Rutland R.R. 4^s,
Boston & .Maine R R. 4s, .
Boston & Maine R R 4^s,
Chic., Burlington & Quincy R.R. 3£s,
Cleveland & Pittsburgh R.R. 3£s, .
Concord & Montreal R.R, 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s,.
Maine Central R R. 4s,
Maine Central R.R. 7s,
New York & New England R.R. 6s,
Old Colony R R. 4s............................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,
$10,000
55,000
10,000
10,000
25,000
25,000
5,000
35,000
60,000
15,000
10,000
25,000
40,000
10,000
15,000
10,000
Estimated
Market Value.
$10,975
62,250
12,500
9,900
25,250
27,000
5,112
36,890
59,100
15,637
12,800
26,125
44,250
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
55,000
10,000
10,000
25,000
25,000
5,000
35,000
60,000
15,000
10,000
25,000
40,000
00
00
00
00
00
00
00
00
00
00
00
00
00
13,000 00
15,900 00
10,450 00
10,000 00
15,000 00
10,000 00
$360,000 $387,139 00
$360,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$150,000
Estimated
Market Value.
Amount Invested
$173,250 00 $150,000 00
Total Amount o f Loans, ivith Each Specified Rate o f Interest.
Amount.
$39,350
40.000
25.000
22,600
50.000
Kate.
50
00
00
00
00
2£ per cent.
3
327tt “
3i
“
3|
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$220,800
142,000
180,375
15,000
569,895
Rate.
00
00
00
00
31
4 per cent.
41
“
4£
“
4|
“
5
“
Amount.
$15,125 00
20,000 00
32,200 00
Rate.
5£ per cent.
5|
»
6
No. 8.]
SAYINGS BANK COMMISSIONERS.
129
City Five Cents Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 271
Aggregate amount of the s a m e , .................................................................... $378,395'31
Total number of loans upon real e s t a t e , ...........................................286
Amount of investments from which no income is received,
.
.
.
750 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
88,378 78
Times for the dividends fixed by the by-laws: December 1 and June 1;
payable first Wednesday in June and December.
Bate and amount of each semi-annual dividend J 1| per cent., $31,500 31 j ^
^g
during the year ending Oct. 31, 1902,
.
I 1| per cent., 31,906 17 J
’
Number of accounts opened during the year ending Oct. 31, 1902,
1,234
Number of accounts closed during the year ending Oct. 31, 1902,
. 860
Total number of open accounts Oct. 31, 1902.................................
7,683
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
5,667 19
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
349,143 06
Number of s a m e , ............................................................................ 8,085
Amount of withdrawals, including dividends, during the year ending
Oct 31, 1 9 0 2 , .............................................................................................
326,610 04
Number of s a m e , .............................................................................5,136
Date of examination by commissioner: February 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
130
[Pub. Doc.
C IT Y p N S T IT U T IO N FOR S A V IN G S — L O W E L L ,
Incorporated April 12, 1837. Present number of corporators, 26.
F red A . B c ttr ic k , President.
F r a n k W . H u r d , Treasurer.
F r a n k W . H u r d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
F red A . B u tt r ic k ,
H e n r y C. C ooper ,
A ddison P u tn am ,
L eonard H untress ,
F r a n k C o burn .
Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 7 to 9 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, . «1,218,000 00
456,239 00
Bank stock, as per schedule,
17,811 25
Loans on bank stock,
1,916,250 00
Railroad bonds, as per schedule,
29.984 42
Real estate by foreclosure,
2,823,413 16
Loans on reai estate, .
Loans on personal security,
1,584,543 85
Loans to counties, cities or towns
44,600 00
( n o t e s ) , ..................................
87,235 81
Deposits in banks, on interest, .
1,043 32
Cash on hand, .
«8,179,120 81
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$7,614,665 01
375,000 00
100,937 19
88,518 61
$8,179,120 81
Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ................................................... $1,463 51
National Shawmut Bank, B o s t o n , ...........................................................
1,572
Appleton National Bank, L o w e l l , ............................................................
56,699
Middlesex Safe Deposit and Trust Co., Low ell,...........................................
20,000
Pynchon National Bank, Springfield,............................................................
7,500
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
65
65
00
00
No. 8.]
SAYINGS BANK COMMISSIONERS.
131
City Institution for Savings — Continued.
Loans on Bank Stock, amount on each : —
111 shares Pacific National Bank, L a w r e n c e ,...............................
6 shares Appleton National Bank, L o w e l l , ..................................
12 shares Appleton National Bank, L o w e l l , ..................................
29 shares Appleton National Bank, L o w e l l , ..................................
5 shares Wamesit National Bank, L o w e l l , ..............................
20 shares Appleton National Bank, L o w e l l , ..................................
15 shares Union National Bank, L o w e ll,...........................................
5 shares Appleton National Bank, L o w e l l , ..................................
11 shares Appleton National Bank, L o w e l l , ..................................
$8,761 25
500 00
750 00
3.000 00
3,400 00
400 00
1.000 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
County of Middlesex, Mass , 4s,
City of Altoona, Pa., 4s, .
of Boston, Mass., 3£s,
of Des Moines, Iowa, 4s, .
of Fall River, Mass., 3^s,
of Fitchburg, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis., os, .
of Saginaw, Mich., 4£s, .
of Waterbury, Conn., 4s, .
Town of Cranston, R. I., 4s,
of Leominster, Mass., 4s,
of Maynai'd, Mass., 4s, .
$116,000
39,000
50,000
100,000
21,000
27,000
125,000
100,000
100,000
50,000
75,000
145,000
50,000
100,000
74.000
49,000
15,000
Estimated
Market Value.
$124,120
42,300
54,250
105,500
21,630
27,337
136,500
109,000
110,000
55,000
82,275
158,085
53,337
106,500
80,660
54,145
16,200
Amount Invested.
00 $ 10 0 ,0 0 0 b o
00
39,000 00
00
50,000 00
00
100,000 00
00
21,000 00
50
25,000 00
00
125,000 00
00
100,000 00
00
100,000 00
00
50,000 00
00
75,000 00
00
145,000 00
50
50,000 00
00
100,000 00
00
74,000 00
00
49,000 00
00
15,000 00
$1,236,000 $1,336,840 00
$1,218,000
No. o f
Shares.
Detailed Statement o f Bank Stocks.
80 Atlantic Nat’l Bank, Boston, .
200 Atlas National Bank, Boston, .
204 Blackstone N’l Bank, Boston, .
124 Boylston Nat’l Bank, Boston, .
39 Bunker Hill N’l B’k, Boston, .
200 First National Bank, Boston, .
44 Merchants N’l Bank, Boston, .
100 Metropolitan N’l B’k, Boston,.
150 N’l B’k of Commerce, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$8,000
20,000
4,692
12,400
3,900
20,000
4,400
10,000
15,000
Estimated
Market Value,
$10,400
23,000
1,224
13,640
7,215
35,400
8,404
10,700
22,500
00
00
00
00
00
00
00
00
00
Amount Invested,
$8,000
20,000
4,692
12,400
3,900
20,000
4,400
10,000
15,000
00
00
00
00
00
00
00
00
00
132
REPORT OF THE
[Pub. Doc.
City Institution for Savings — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
500
400
78
50
550
136
36
70
65
40
265
131
136
100
118
39
25
610
75
51
220
82
100
25
42
Par Value.
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston,.
National Suffolk Bank, Boston,
National Unipn Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Bay State N’l B’k, Lawrence, .
Appleton Nat’l Bank, Lowell,
Merchants Nat’l Bank, Lowell,
Old Lowell N’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Union National Bank, Lowell,
Wamesit Nat’l Bank, Lowell, .
First Nat’l Bank, Marlborough,
Framingham National Bank,
South Framingham,
$50,000
40,000
-
5,000
55,000
13,600
3,600
7,000
6,500
4,000
26,500
13,100
_
_
5,900
_
1,875
61,000
-
5,100
22,000
8,200
10,000
2,500
4,200
$443,467
Estimated
Market Value.
$85,000
64,000
78
7,600
129,250
18,088
6,120
8,260
10,205
4,440
50,085
19,912
816
2,200
590
195
2,875
69,540
375
5,610
24,200
14,350
10,200
2,500
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$50,000 00
40,000 00
6,300 00
4,200 00
_
5,000
60,000
17,272
3,600
7,000
6,500
4,000
26,500
13,100
00
00
00
00
00
00
00
00
00
_
_
5,900 00
-
1,875 00
61,000 00
_
5,100
22,000
12,300
10,000
2,500
00
00
00
00
00
$675,272 00 $456,239 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3£s, .
Cleveland & Pittsburgh R.R. 4s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Dakota Central R.R. 6s, .
Erie & Pittsburgh R.R. 3£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Kalamazoo, Allegan & Grand Rapids
R.R. 5 s ,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$200,000 $211,015 00 $200,000 00
200,000
215,000 00
200,000 00
109,000
112,270 00
100,000 00
100,000
124,000 00
100,000 00
200,000
217,000 00
200,000 00
50,000
56,250 00
50,000 00
62,000
68,450 00
62,000 00
25,000
25,000 00
25,250 00
54,750 00
50,000 00
50,000
50,000
50,000 00
53,750 00
100,000
128,500 00
100,000 00
No. 8.]
133
SAYINGS BANK COMMISSIONERS.
City Institution for Savings— Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Michigan Central R.R. 6s,
Narragansett Pier R.R. 4s,
New York, Lackawanna & Western
R.R. 6s, .
.
.
.
.
.
New York, New Haven & Hartford
, R.R. 3 è s , ..................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 5s,
Sullivan County R.R. 4s, . . .
Worcester, Nashua & Roch. R.R. 4s,
$50,000
50,000
100,000
25,000
Estimated
Market Value.
$52,250
54,250
114,500
26,125
00
00
00
00
Amount Invested.
$50,000
50,000
100,000
25,000
00
00
00
00
25,000
33,000 00
25,000 00
100,000
104,000 00
104,250 00
50,000
100,000
100,000
25,000
100,000
50,000
57,500
109,500
113,000
26,750
108,000
50,500
50,000
100,000
100,000
25,000
100,000
50,000
00
00
00
00
00
00
00
00
00
00
00
00
$1,921,000 $2,115,610 00 $1,916,250 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
Kate.
Amoim
Kate.
$59,735 81
1,474,623 35
17,250 00
2 per cent.
4
“
41
“
$1,088,899 34
25,000 00
1,681,982 64
4^ per cent.
4|
“
5
“
Amount.
$41,261 25
168,851 68
Kate.
5£ per cent.
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 505
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................620
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................
Times for the dividends fixed by the by-laws : second Saturday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend S 2 per cent., $140,358 06 1
during the year ending Oct. 31, 1902,
.
( 2 per cent., 143,206 18 J
Number of accounts opened during the year ending Oct. 31, 1902,
2,311
Number of accounts closed during the year ending Oct. 31, 1902,
1,692
Total number of open accounts Oct. 31, 1902,
. . .
.
17,780
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$29,984 42
30,100 00
648,673 21
13,579 11
347,612 45
283,564 24
134
REPORT OF THE
[Pub. Doc.
City Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................f>16,534 98
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,..................................................................................... 1,079,014 20
Number of same, .
Amount of withdrawals, including dividends, during the year ending
............................................................................. 1,026,072 63
Oct. 31, 1902,
............................................................17,562
Number of same, .
Date of examination by commissioner : November 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
»
(
No. 8.]
135
SAYINGS BANK COMMISSIONERS.
C LIN TO N S A V IN G S B A N K — C LIN TO N .
Incorporated May 15, 1851.
Present number of corporators, 36.
John E. T h a y e r , President.
C. L. S. H a m m o n d , Treasurer.
C. L. S. H am m o n d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
John E. T h a y e r ,
C. C. Stone ,
G eorge P. T a y l o r ,
L ucius F ie l d ,
E. S. F u l l e r .
Open for business every business day except Saturdays, 9
Saturdays, 9 a . m . to 1 p . m .
a .m .
to 12 m . ; 1 to 3 p .m . ;
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security, . .
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Premium account,
Cash on hand, . . . .
$68,000
128
62,400
380
172,500
44,700
650
897,967
683,889
00
00
00
00
00
00
00
62
87
344,600
81,552
15,180
10,000
13,295
00
03
76
00
32
$2,395,243 60
Deposits, .
Guaranty fund,
Profit and loss account, .
$2,289,716 77
95,000 00
10,526 83
$2,395,243 60
Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ....................................................................$81,552 03
First National Bank, C l i n t o n , ....................................................................
15,180 76
Loan on Public Funds : —
$1,000 United States 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
136
REPOET OF THE
[Pub. Doc
Clinton Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
12 shares Central National Bank, L y n n , ...................................................
9 shares Northern National Bank, Hallowell, M e . , ..................................
$300 00
80 00
Detailed Statement o f Publie Funds.
Par Value.
City of Boston, Mass., 5s,
of Cambridge, Mass., 6s, .
of Kansas City, Mo., 4£s,.
of Saginaw, Mich., 4s,
Town of Clinton, Mass., 4s,
12,000
5.000
5.000
5.000
51,000
$68,000
Estimated
Market Value.
$2,090
5,175
5,581
5,350
54,656
00
00
25
00
25
$72,852 50
Amount Invested.
$2,000
5.000
5.000
5.000
51,000
00
00
00
00
00
$68,000 00
No. oí
Shares.
Detailed Statement o f Bank Stocks.
14
20
50
30
5
70
350
40
50
50
Par Value.
Atlas National Bank, Boston, .
Central Nat’l Bank, Boston, .
Manufacturers N’l B’k, Boston,
Metropolitan N’l Bank, Boston,
National City Bank, Boston, .
National Webster B’k, Boston,
First National Bank, Clinton, .
Fitchburg N’l B’k, Fitchburg,
First N’l Bank, New Bedford,
Orange Nat’l Bank, Orange, .
$1,400
2,000
-
3,000
-
7,000
35,000
4,000
5,000
5,000
$62,400
Estimated
Market Value.
$1,610
2,500
100
3,210
5
8,260
43,750
5,680
6,450
8,500
00
00
00
00
00
00
00
00
00
00
$80,065 00
Amount Invested.
$1,400 00
2,000 00
3,000 00
-
7,000
35,000
4,000
5,000
5,000
00
00
00
00
00
$62,400 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3 ¿s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
1.000
20,000
9,000
35,000
13,000
Estimated
Market Value.
$21,200
1,000
19,900
9,420
35,800
12,870
00
00
00
00
00
00
Amount Invested.
$20,000
1,000
19,800
9,000
35,000
12,700
00
00
00
00
00
00
No. 8.]
137
SAYINGS BANK COMMISSIONERS.
Clinton Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
•
Illinois Central R R. 4s, .
Maine Central R.R 7s,
Milwaukee, Lake Shore & Western
R.R. 5s.............................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Estimated
Market Value.
Amount Invested.
f 10,000
7,000
$11,100 00
8,960 00
$10,000 00
7,000 00
15,000
18,450 00
17,000 00
15,000
16,000
16,950 00
17,531 25
15,000 00
16,000 00
10,000
13,000 00
10,000 00
$171,000 $186,181 25 $172,500 00
Boston Terminal Company Bonds.
Par Value.
$40,000
Boston Terminal Company 3às,
Estimated
Market Value.
Amount Invested.
$46,200 00
$44,700 00
Total Amount o f Loans, with Each Specified Rate of Interest.
Hate.
Amount.
$81,552
50.000
20.000
72,000
35,000
03
00
00
00
00
2 per cent.
3A
“
3§
3è
“
3|
«
Kate.
Amount.
$15,000
317,600
25.000
180,000
15.000
00
00
00
00
00
3f per cent.
4
“
4J
«
41
“
4|
“
Kate.
Amount.
$165,500
910,425
25,000
95,790
650
00
12
00
37
00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding S3,000 each, 437
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................424
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws : second Monday in April
and October; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
44 per cent.
5
5*
“
6
“
7
$650 00
1,000 00
553,660 42
101,554 94
138
REPORT OF THE
[Pub. Doc.
Clinton Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f If per cent., $36,376 37 )
ggj gg
during the year ending Oct. 31, 1902,
.
I If per cent., 37,205 58 i
Number of accounts opened during the year ending Oct. 31, 1902,
1,069
Number of accounts closed during the year ending Oct. 31,1902,
. 774
Total number of open accounts Oct. 31, 1902,
.
.
.
.
6,962
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
5,548 86
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
430,324 87
Number of s a m e , .............................................................................7,113
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
383,559 11
Number of s a m e , ............................................................
•
4,574
Date of examination by commissioner. May 19.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
139
COHASSET SA V IN G S B A N K -C O H A S S E T .
Incorporated Feb. 28, 1845. Present number of corporators, 42.
A b r a h a m H. T o w e r , President.
C ale b L othrop , Treasurer.
Ca l e b L othrop , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A b r aham H . T o w e r ,
Ca l e b F. N ich o ls ,
C. Jam es P r att ,
G eorge K . N ick er so n .
Open for business every business day except Saturdays, 8.30 a .m . to 12.30 p .m . ;
1.30 to 4 p .m . ; Saturdays, 8.30 a . m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Suspense account,
Cash on hand, . . .
.
$14,000
8,199
48.000
10.000
00
00
00
00
14,428
53,159
520,702
180,925
21
25
24
00
45,000
12,025
1,144
900
133
2,396
00
63
05
00
24
33
$911,012 95
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Real estate income
account,
$853,965 27
35,450 00
15,234 74
5,670 05
692 89'
$911,012 95
Cash on Deposit in Banks, amount in each : —
Atlas National Bank, B o s t o n , .................................................................... $10,419 49
1,606 14
Hingham National Bank, H in g h a m ,...........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
140
C oh asset S avings B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Springfield, Ohio, 4£s, .
Town of Foxborough, Mass., 4s,
of Methuen, Mass., 4s, .
Estimated
Market Value.
Amount Invested.
19,000
2,000
3,000
$9,900 00
2,256 00
3,360 00
$9,000 00
2,000 00
3,000 00
$14,000
$15,516 00
$14,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
13
40
15
15
43
16
16
18
Par Value.
Blackstone N’1 Bank, Boston, .
Continental Nat’l B’k, Boston,
Merchants Nat’l Bank, Boston,
N’I B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston,.
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
$299
Estimated
Market Value.
Amount Invested.
$299 00
1,600
1,600
900
$78
200
2,865
2,400
43
3,760
2,432
90
00
00
00
00
00
00
00
00
2,400 00
1,600 00
900 00
$7,399
$11,868 00
$8,199 00
-
1,500
1,500
-
-
1,500 00
1,500 00
-
Detailed Statement o f Railroad Bonds.
Par Value.
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
New York & New England R.R. 7s,
Upper Coos R.R. 4£s,
$5,000
13.000
15.000
5,000
10.000
$48,000
Estimated
Market Value.
$5,650
14,040
16,462
5,300
10,825
00
00
50
00
00
$52,277 50
Amount Invested.
$5,000
13.000
15.000
5,000
10.000
00
00
00
00
00
$48,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
Estimated
Market Value.
$11,550 00
A mount Invested.
$10,000 00
No. 8.]
141
SAYINGS BANK COMMISSIONERS.
C oh a sset Savings B ank — Concluded.
Total Amount o f Loans with Each Specified Bate o f Interest.
Kate.
Amount.
$12,025
35,000
9,000
59,300
63
00
00
00
2 per cent.
4
4i
»
44
“
Amount.
$43,000
10,000
306,877
5,000
00
00
74
00
Rate.
Amount.
Kate.
4f per cent.
«
5
“
5^
“
$104,987 00
10,000 00
163,462 50
54 per cent.
5|
6
“
Amount invested in real estate for banking purposes,............................$14,428
21
Estimated value of the s a m e , ...........................................................
15,000
00
Assessed value of the s a m e ,...................................................................
11,000
00
Net income received from same during year ending Oct. 31,1902, .
.
443 15
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,............................................................................................
53,159
25
Assessed value of the s a m e ,...................................................................
57,143
77
Net income received from same during year ending Oct. 31,1902,
.
.
1,144 05
Number of loans which are of an amount not exceeding $3,000 each, 211
..................................
212,399 50
Aggregate amount of the same, .
Total number of loans upon real e s t a t e , .......................................... 258
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2,.............................................................................
40,799 88
Times for the dividends fixed by the by-laws: first Tuesday in January
and July; payable on the following day.
Rate and amount of each semi-annual dividend t 2 per cent., $15,239 46 > 30,984 07
during the year ending Oct. 31, 1902,
.
< 2 per cent.,
15,744 61 >
Number of accounts opened during the year ending Oct. 31, 1902,
. 260
Number of accounts closed during the year ending Oct. 31, 1902,
. 115
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,950
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
3,109 83
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902, .
.
.
.
.
.
.
.
.
.
.
144,096 82
Number of s a m e , ............................................................................ 1,438
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
116,206 41
Number of s a m e , ............................................................................ 1,282
Date of examination by commissioner: June 10.
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Federal Reserve Bank of St. Louis
142
REPORT OF THE
[Pub. Doc.
C O M M O N W E A L T H S A V IN G S B A N K — L Y N N .
Incorporated March 28, 1900.
B e n j a m in
W.
Cu r r ie r ,
President.
C. N e a l B a r n e y ,
Present number of corporators, 28.
W i l l i a m M. B a r n e y , Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
W il l ia m
M.
Ba r n e y ,
W alter
P a t r ic k B . M a g r a n e ,
E ug en e
M.
L ib b e y ,
T h o m a s C a m p b e l l , 2d,
A.
Open for business every business day, 9 a
Putnam.
.m .
to 1 p . m . ; also Saturdays, 3 to 6 p . m
.
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Premium account,
Furniture and fixtures,
Tax account,
. . . .
Cash on hand, . . . .
L ia b il it ie s .
$6,500
3,500
6,600
23.000
116,900
25.000
14,133
788
2,496
810
124
924
00
00
00
00
00
00
56
55
05
29
38
58
$200,777 41
Deposits, .
Guaranty fund,
Interest account,
■$199,795 39
500 00
482 02
$200,777 41
Cash on Deposit in Banks, amount in each : —
Manufacturers National Bank, Lynn,
Metropolitan National Bank, Boston,.
$8,206 77
5,926 79
Loans on Bank Stock, amount on each : —
50 shares First National Bank, Lynn,
10 shares Atlas National Bank, Boston,
8 shares Atlas National Bank, Boston,
6 shares National Bank of Commerce, Boston,
4 shares National Rockland Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,000 00
900 00
1,700 00
No. 8.]
143
SAYINGS BANK COMMISSIONERS.
C om m on w ea lth Savings B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Barre, V t, 4s,
of Quincy, Mass., 3is,
of St. Joseph, Mo., 6s,
Town of Eastport, Me., 4£s, .
of Newmarket, N. IT., 3Js,
Estimated
Market Value.
$1,000
1,600
1,000
1,000
2,000
$1,070
1,500
1,000
1,000
2,040
$6,500
$6,610 00
00
00
00
00
00
Amount Invested.
$1,000
1,500
1,000
1,000
2,000
00
00
00
00
00
$6,500 00
[ Ko. of
Shares.
Detailed Statement o f Bank Stocks.
20
5
10
Par Value.
Commercial N’l B’k, Boston, .
Peoples National B’k, Boston,
Manufacturers N’l B’k, Lynn,
Estimated
Market Value.
Amount Invested.
$2,000
500
1,000
$2,700 00
600 00
1,050 00
$2,000 00
500 00
1,000 00
$3,500
$4,350 00
$3,500 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 3ès,
Chic.. Burlington & Quincy R.R. 7s,
Fitchburg R.R. 5s, .
Illinois Central R.R. 3 ¿s,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s..................................
Maine Central R.R. 4s,
New York & New England R.R. 6s,
New York, New Haven & Hartford
R.R. 3¿s,
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000
2,000
1,000
5,000
Estimated
Market Value.
$1,990
2,030
1,000
4,950
00
00
00
00
Amount Invested.
$2,000
2,000
1,000
5,000
00
00
00
00
4,000
2,000
5,000
4.520 00
2,085 00
5,225 00
4,000 00
2,000 00
5,000 00
2,000
2,040 00
2,000 00
$23,000
$23,840 00
$23,000 00
144
REPORT OF THE
[Pub. Doc*
Commonwealth Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$8,206 77
5,926 79
900 00
Rate.
2 per cent.
2h
“
4
“
Amount.
$34,200 00
3,000 00
70,700 00
Rate.
4J per cent.
5^
Amount.
$36,700 00
3,000 00
Rate.
5£ per cent.
6
“
Number of loans which are of an amount not exceeding $3,000 each,
55
Aggregate amount of the s a m e , ....................................................................
$62,100
Total number of loans upon real e s t a t e , ...........................................65
Gross amount of interest or profits received or earned, as per books,
during year ending Oct 31, 1 9 0 2 , ............................................................
5,876
Times for the dividends fixed by the by-laws: first Wednesday of June
and December; payable on the following day.
Rate and amount
of eachsemi-annual dividend )
1| per
cent.,$1,483 59 )
3,542
during the year
endingOct.31,1902,
.
JI f per cent.,
2,058 73 J
Number of accounts opened during the year ending Oct. 31, 1902, . 394
Number of accounts closed during the year ending Oct. 31, 1902,
. 137
Total number of open accounts Oct. 31, 1 9 0 2 , .................................. 707
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes).
.....................................................................................
1,390
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
133,720
Number of s a m e , ..................................................................................... 1,422
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .....................................................................................
42,971
Number of s a m e , ........................................................................................ 667
Date of examination by commissioner: August 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
16
32
45
41
09
No. 8.]
145
SAVINGS BANK COMMISSIONERS.
C O N W A Y S A V IN G S B A N K — C O N W A Y .
Incorporated March 10, 1887.
Present number of corporators, 25.
J ohn B. P a c k a r d , President.
W il l ia m G. A v e r y , Treasurer.
W il l ia m G. A v e r y ,' Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
J ohn B. P a c k a r d ,
C h ar les L . B o y d e n ,
A r thu r P. D e l a b a r r e ,
H ar r is D. P e a se ,
F rancis R . R ich m o n d .
Open for business every business day, 9 a . m . to 3 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
Lia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Premium account,
Furniture and fixtures,
Cash on hand, .
.
.
.
$9,000
5,000
2,800
11,000
5,000
4,324
212,801
9,445
00
00
00
00
00
36
00
00
6,000
51,264
1,000
550
1,536
00
17
00
00
55
$319,721 08
Deposits, .
Guaranty fund,
Profit and loss account, .
$313,005 33
6,213 28
502 47
$319,721 08
Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, B o s to n ,............................................................$5,504 68
Conway National Bank, C o n w a y , ............................................................
10,000
Packard National Bank, G reen field ,............................................................
10,000
Hampshire County National Bank, N orth a m p ton ,..................................
10,000
Northampton National Bank, N o r t h a m p t o n ,...........................................
5,000
Pynchon National Bank, Springfield,............................................................
759
Taunton Safe Deposit and Trust Company, Taunton,
.
.
.
.
10,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
49
00
[Pub. Doc.
REPORT OF THE
146
Conway Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
$200 00
800 00
1,800 00
3 shares Conway National Bank, Conway,
10 shares City National Bank, Holyoke,
24 shares Agawam National Bank, Springfield,.
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
of
of
of
of
of
Boston, Mass., 5s,
Fitchburg, Mass., 6s, .
Holyoke, Mass., 4s,
Milwaukee, Wis., 5s, .
Newton, Mass., 4s,
Somerville, Mass., 4s, .
Springfield, Ohio, 4£s,
Worcester, Mass., 5s, .
•
Estimated
Market Value.
$1,000
1,000
2,000
1,000
1,000
1,000
1,000
1,000
$1,045
1,065
2,130
1,130
1,125
1,040
1,073
1,045
00
00
00
00
00
00
75
00
$9,000
$9,653 75
Amount Invested
$1,000
1,000
2,000
1,000
1,000
1,000
1,000
1,000
00
00
00
00
00
00
00
00
$9,000 00
No. ot
Shares.
Detailed Statement o f Bank Stocks.
30
10
10
Par Value.
Conway Nat’l Bank, Conway,
City National Bank, Holyoke,
Adams N’l B’k, North Adams,
Estimated
Market Value.
Amount Invested.
$3,000
1,000
1,000
$3,000 00
1,100 00
1,180 00
$3,000 00
1,000 00
1,000 00
$5,000
$5,280 00
$5,000 00
Detailed Statement o f Railroad Bonds.
- -Par Value.
Boston & Albany R.R. 4s,
Chic., Burlington & Quincy R R. 3ès,
Connecticut River R.R. 4s,
Illinois Central R R. 3¿s. .
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Worcester, Nashua & Roch. R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,000
1,000
1,000
5,000
1,000
Estimated
Market Value.
$1,060
995
1,140
4,950
1,092
00
00
00
00
50
Amount Invested.
$1,000
1,000
1,000
5,000
1,000
00
00
00
00
00
1,000
1,000
1,300 00
1,095 00
1,000 00
1,000 00
$11,000
$11,632 50
$11,000 00
No. 8.]
SAVINGS BANK COMMISSIONERS.
147
Conway Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$5,000
Estimated
Market Value.
$5,775 00
Amount Invested.
$5,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$5,504 68
20,759 49
2 per cent.
H
“
Amount.
$31,000 00
221,718 00
Rate.
4 per cent.
5
Amount.
$3,328 00
Rate.
6 per cent.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$4,324 36
Assessed value of the s a m e ,............................................................................
4,000 00
Net income received from same during year ending Oct. 31, 1902,
14 09
Number of loans which are of an amount not exceeding $3,000,
. 134
Aggregate amount of the same..........................................................................
162,396 00
Total number of loans upon real e s t a t e , ...........................................135
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
12,926 79
Times for the dividends fixed by the by-laws: May 1 and November 1;
payable on same days.
Rate and amount of each semi-annual dividend ( 2 per cent.,
$5,536 87 1
11,363 96
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
5,827 09 1
Number of accounts opened during the year ending Oct. 31, 1902, . 151
Number of accounts closed during the year ending Oct. 31, 1902,
. 103
Total number of open accounts Oct. 31, 1 9 0 2 , .................................. 996
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
1,044 02
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902,.
.
.
.
.
.
.
.
.
.
.
63,086 35
Number of s a m e , ........................................................................................ 686
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
46,216 31
Number of s a m e , ........................................................................................ 519
Date of examination by commissioner: May 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
148
[Pub. Doc
REPORT OF THE
CO U N TY S A V IN G S B A N K — C H EL SE A.
Incorporated Feb. 27, 1890.
Present number of corporators, 59.
A lber t D. B osson , President.
G eorge T. R oberts , Treasurer.
V ernon A . F ie l d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A lbert D. B osson ,
W il l ia m S. H in o n .
M ilton R a y ,
John M u l l o y ,
John H. Cu n n in g h a m ,
G eorge W . M oses .
Open for business every business day, 8 a .m . to 1 b .m . ; also Saturdays, 4 to 9 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand, . . .
.
L ia b il it ie s .
$41,925
30,900
5,500
65,628
5.000
3,282
647,902
179,567
00
00
00
75
00
74
85
00
43,500
300
33,433
316
5.000
575
00
00
85
49
00
41
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$1,062,832 09
$1,022,560 38
20,000 00
1,127 58
19,144 13
$1,062,832 09
»
Cash on Deposit in Banks, amount in each: —
First Ward National Bank, Boston.................................................................$10,929 95
22,503 90
Winnisimmet National Bank, C h e l s e a , ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
149
C ou n ty Savings B ank — Continued.
Loans on Bank Stock, amount on each: —
$3,000 00
500 00
2,000 00
40 shares Winnisimmet National Bank, Chelsea,
15 shares Winnisimmet National Bank, Chelsea,
20 shares State National Bank, Boston,
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3s,
City of Brockton, Mass., 4s,
of Cambridge, Mass., 3ès,
of Dayton, Ohio, 3£s,
of Dubuque, Iowa, 5s,
of Gloucester, Mass., 4s, .
of Milwaukee, Wis., 5s, .
of Springfield, Ohio, 6s, .
Town of South Wayne, Ind., 6s,
Estimated
Market Value.
$20,000
4,000
1,000
5,000
5,000
3,000
2,000
1,125
800
$19,900
4,370
1,007
5,025
5,350
3,000
2,132
1,154
996
00
00
50
00
00
00
50
99
00
$41,925
$42,935 99
Amount Invested
$20,000
4,000
1,000
5,000
5,000
3,000
2,000
1,125
800
00
00
00
00
00
00
00
00
00
$41,925 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
5
20
25
10
25
3
25
25
11
20
7
25
3
30
6
27
22
25
25
6
5
Par Value.
Blackstone Nat’l B’k, Boston, .
Boylston Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
First National Bank, Boston, .
First Ward Nat’l B’k, Boston,.
Freemans Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
Nat’l Hamilton Bank, Boston,
Nat’l Shawmut Bank, Boston,.
National Suffolk Bank, Boston,
National Union Bank, Boston,
National Webster B’k, Boston,
New England N’l B’k, Boston,
Old Boston N’l Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston, .
Third National Bank, Boston,
Washington Nat’l B’k, Boston,
Winnisimmet N’l B’ k, Chelsea,
Dedham Nat’l Bank, Dedham,
First Nat’l B’k, Newbury port,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
2,500
600
500
$30 00
2,200 00
3,425 00
1,770 00
4,000 00
330 00
2,550 00
2,500 00
2,585 00
2,660 00
1,190 00
2,950 00
471 00
3,330 00
1,134 00
4,104 00
484 00
125 00
2,625 00
630 00
610 00
$29,915
$39,703 00
$115
2,000
2,500
1,000
2,500
300
2,500
2,500
1,100
2,000
700
2,500
300
3,000
600
2,700
-
Amount Invested.
$2,000
2,500
1,000
2,500
300
2,500
2,500
2,200
2,000
700
2,500
300
3,000
600
2,700
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
-
2,500 00
600 00
500 00
$30,900 00
[Pub. Doc.
REPORT OF THE
150
C o u n ty Savin gs B ank — Continued.
Detailed Statement of Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R 3às,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 ¿s ,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Maine Central R.R. 5s,
New York & New England R.R. 6s,
New York, New Haven & Hartford
R.R. 3 i s , ..................................
New York, New Haven & Hartford
R.R. 4 s,...........................................
Old Colony R.R. 4s............................
Upper Coos R.R. 4s,
. . .
Estimated
Market Value.
Amount Invested.
$3,000
1,000
1,000
500
6,000
5,000
18,000
5,000
$3,187
1,022
995
505
6,480
5,475
15,660
4,950
50
50
00
00
00
00
00
00
$3,000
1,000
1,000
500
6,000
5,000
16,128
5,000
00
00
00
00
00
00
75
00
5,000
1,000
500
500
1,000
5,650
1,042
541
561
1,045
00
50
25
25
00
5,000
1,000
500
500
1,000
00
00
00
00
00
5,000
5,100 00
5,000 00
5,000
5,000
5,000
5,712 50
5,468 75
5,350 00
5,000 00
5,000 00
5,000 00
$67,500
$68,746 25
$65,628 75
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$5,000
Estimated
Market Value.
$5,775 00
Amount Invested.
$5,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$33,433 85
23,500 00
21,000 00
2 per cent.
3|
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$34,000 00
33,000 00
147,310 00
Rate.
4¿ per cent.
4§
“
5
»
Rate.
Amount.
$10,000 00
92,390 00
515,569 85
5| per cent.
5à
6
“
No. 8.]
SAYINGS BANK COMMISSIONERS.
151
County Savings Bank — Concluded.
♦
$3,282 74
Value, by books, of real estate, held or owned by foreclosure or otherwise,
2,300 00
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 380
521,006 41
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .......................................... 402
Gross amount of interest or profits received or earned, as per books, during
49,784 32
year ending Oct. 31, 1 9 0 2 ,............................................................................
Times for the dividends fixed by the by-laws : third Saturday in April and
October; payable the following Monday.
Rate and amount of each semi-annual dividend f 2 per cent., $16,092 29 1 33,953 79
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
17,861 50 )
Number of accounts opened during the year ending Oct. 31, 1902,
. 820
Number of accounts closed during the year ending Oct. 31, 1902,
. 395
Total number of open accounts Oct. 31, 1902,
.
.
.
.
3,445
Total expenses of the corporation for the year ending Oct. 36, 1902 (ex
5,050 40
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
356,411 27
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of same................................................................................. 6,788
Amount of withdrawals, including dividends, during the year ending
214,330 53
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , .............................................................................3,702
Date of examination by commissioner: January 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
152
REPORT OF THE
[Pub. Doc.
CROCKER IN S T IT U T IO N FOR S A V IN G S — T U R N E R ’ S
FALLS.
Incorporated April 3, 1869.
Present number of corporators, 23.
G. L. H ist , President.
II. P. A ber cr o m bie , Treasurer.
W . H. P. G il m o r e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
G. L. R ist ,
E. L. G o ddard ,
Jam es A . G u n n .
Open for business every business day, 9 a .m . to 3 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
V
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Real estate,*
. . . .
Cash on hand, . . . .
L ia b il it ie s .
$99,500
13,350
10,025
123,850
20,000
00
00
00
00
00
31,000
9,861
731,564
205,065
00
90
38
67
25,800
650
20,611
5,000
400
599
00
00
25
00
00
63
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$1,297,277 83
$1,245,193 20
46,600 00
5,484 63
$1,297,277 83
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
First National Bank, Greenfield,..................................
Crocker National Bank, Turner’ s Falls,
$5,095 99
20,515 26
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
■€©
©
oo
Loans on Bank Stock, amount on each : —
40 shares Packard National Bank, Greenfield, .
79 shares Franklin County National Bank, Greenfield,
9 shares Crocker National Bank, Turner’ s Falls,
3 shares Crocker National Bank, Turner’ s Falls,
00
5,000 00
725 00
300 00
No. 8.]
153
SAYINGS BANK COMMISSIONERS.
Crocker Institution for Savings — Continued.
Detailed Statement o f Public Funds.
-
Far Value.
Massachusetts 3£s, .
.
.
.
City of Bangor, Me., 6s,
of Boston, Mass., 3£s,
of Boston, Mass., 5s,
of Cambridge, Mass., 4 s,.
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Fort Wayne, Ind., 4£s,
of Lewiston, Me., 4s,
of Lynn, Mass., 5s, .
of Meriden, Conn., 4s,
of Milwaukee, Wis., 5s., .
of Somerville, Mass., 4£s,
of Springfield, Mass., 4s, .
of St. Louis, Mo., 6s,
Town of Turner’s Falls, Mass. (Fire
District), 4s,
*
$20,000
2,500
25,000
4,000
10,000
1,000
1,000
4,000
5,000
2,000
5,000
5,000
2,000
5,000
5,000
Estimated
Market Value.
$21,700
2,645
26,000
4,240
10,475
1,070
1,050
4,360
5,525
2,050
5,025
5,600
2,040
5,550
5,300
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested
$20,000
2,500
25,000
4,000
10,000
1,000
1,000
4,000
5,000
2,000
5,000
5,000
2,000
5,000
5,000
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
3,135 00
3,000 00
$99,500 $105,765 00
$9^,500 00
3,000
A legal investment when made.
No. of
Shares.
I
1
Detailed Statement o f Bank Stocks.
10
6
5
40
75
Par Value.
Central National Bank, Boston,
National Webster B’k, Boston,
Tremont Nat'l Bank, Boston, .
Conway Nat’l Bank, Conway,
CrockerN’l B’k,Turner’s Falls,
$1,000
600
250
4,000
7,500
$13,350
Estimated
Market Value.
$1,250
708
25
4,000
10,500
00
00
00
00
00
$16,483 00
Amount Invested
$1,000
600
250
4,000
7,500
00
00
00
00
00
$13,350 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Concord & Montreal R.R. 4s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3¿s, .
Conn & Passumpsic Rivers R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
13,000
2,000
Estimated
Market Value.
$10,725
10,700
13,130
2,230
00
00
00
00
Amount Invested.
$10,000
10,000
13,000
2,000
00
00
00
00
154
[Pub. Doc-
REPORT OE THE
Crocker Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds— Concluded.
Par Value.
Eastern R.R. 6s,
. . .
Fitchburg R.R. 3£s, .
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3ès, .
Maine Central R.R. 4£s, .
New York & New England R.R 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R, 4s,
$12,000
5,000
5,000
5,000
10,000
11,000
5,000
5,000
9,000
13,000
5,000
5,000
Estimated
Market Value.
$12,960
5,100
5,440
5,040
8,850
11,000
5,400
5,200
9,540
14,500
5,450
5,450
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$12,000
5,000
5,000
5,000
8,850
11,000
5,000
5,000
9,000
13,000
5,000
5,000
00
00
00
00
0000
00
00
00
00
00
00
$125,000 $130,715 00 $123,850 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$20,000
Estimated
Market Value.
$23,100 00
Amount Invested.
$20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$15,515 26
5,095 99
Kate.
2 per cent.
3
“
Amount.
$17,800 00
290,000 00
Kate.
4 per cent.
4&
“
Amount.
$35,000 00
630,305 05
Rate.
4| per cent.
5
Amount invested in real estate for banking purposes.................................... $31,000 00
Estimated value of the s a m e , ....................................................................
31,000
Assessed value of the s a m e ,............................................................................
22,400
Net income received from same during year ending Oct. 31, 1902,
.
.
1,341
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................10,261 90
Assessed value of the same................................................................................
11,330
Number of loans which are of an amount not exceeding $3,000 each, 373
Aggregate amount of the s a m e , ....................................................................
295,199
Total number of loans upon real e s t a t e , ...........................................373
Amount of investments from which no income is received,
.
.
.
300
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
71
00
0500
No. 8.]
SAVINGS BANK COMMISSIONERS.
155
Crocker Institution for Savings — Concluded.
Gross amount of interest or profits received or earned, as per books,
$57,320 52
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent.,
$22,807 58 ) 46,280 93
during the year ending Oct. 31, 1902,.
.
1 2 per cent.,
23,473 35 )
Number of accounts opened during the year ending Oct. 31, 1902,
. 500
Number of accounts closed during the year ending Oct. 31, 1902,
. 347
Total number of open accounts Oct. 31, 1902,
. . .
.
3,168
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
3,406 56
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
202,175 94
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ..................................................................................... 2,894
Amount of withdrawals, including dividends, during the year ending
175,108 50
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , ..................................................................................... 1,734
Date of examination by commissioner: May 2.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
156
[Pub. Doc.
D A N V E R S S A V IN G S B A N K — D A N V E R S .
Incorporated March 20, 1850. Present number of corporators, 62.
A l f r ed H u tch in so n , Vice-President.
J. F r a n k P orter , Treasurer.
(Office vacant) Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C h ar les H . W h it e ,
C h ar les H . P reston ,
C h ar les N. P e r l e y ,
H e r b e r t S. T a p l e y ,
J. F r a n k P or t er .
Open for business every business day except Saturdays, 8 a . m . to 12 m . ; 1 to 3 p .m . ;
Saturdays, 8 a .m . to 12 m .
B alance
Sh ee t
O ct.
31, 1902.
L ia b il it ie s .
A ssets.
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Tax account,
. . . .
Miscellaneous stock,*
Notes receivable,*
Cash on hand, . . . .
$77,231
83,200
320,000
50.000
29.000
85.000
52,656
529,551
660,724
75
00
00
00
00
00
46
00
00
77.000
50
2,070
2,000
175
4,117
4,922
2,667
6,805
00
00
91
00
00
95
25
16
47
Deposits, .
Guaranty fund,
Interest account,
Premium account, .
Earnings undivided,
$1,987,171 95
$1,870,210
91,300
6,011
8,796
10,853
62
00
35
25
73
$1,987,171 95
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
Faneuil Hall National Bank, B o s t o n , ................................................... $1,029 75
First National Bank, D a n v e r s ,....................................................................
3,041 16
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SAYINGS BANK COMMISSIONERS.
157
Danvers Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
4 shares Salem National Bank, Salem.......................................
16 shares First National Bank, D a n vers,..................................
3 shares Naumkeag National Bank, Salem, .
. . .
60 shares Mercantile Trust Company, Boston, . . . .
50 shares Malden Trust Company, Malden,
. . . .
230 shares Traders National Bank, Lowell,
. . . .
58 shares Massachusetts National Bank, Boston,
35 shares First National Bank, D a n vers,..................................
134 shares Traders National Bank, Lowell,
. . .
.
100 shares American National Bank, Boston, . . . .
270 shares American National Bank, Boston, . . . .
$1,550 00
11,000 00
23.000
5,000
1,750
13,400
7,500
20.000
00
00
00
00
00
00
Loan on Railroad Bonds : —
$25,000 Boston & Maine R.R. 4 £ s , ........................................................... )
30,000 Cleveland & Pittsburgh R.R. 3 4 s ,................................................... i
qqq qq
Loan on Railroad Stock : —
150 shares Boston & Albany R .R ,
........................................................... $29,000 00
Detailed Statement o f Bank Stocks.
<O
4-1 0
3
(D
.M
O
50
35
20
50
60
65
70
20
37
10
131
125
20
51
7
5
17
Par Value.
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
National Suffolk Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, Danvers,
First N’l Bank, New Bedford,
Warren Nat’l Bank, Peabody,
Asiatic National Bank, Salem,
First National Bank, Salem, .
Naumkeag N’l Bank, Salem, .
Salem National Bank, Salem,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
805
200
5,000
6,000
6,500
7,000
2,000
3,700
500
9,825
12,500
2,000
5,100
700
500
1,7(0
$69,030
Estimated
Market Value.
$5,750
210
100
9,550
9,000
11,050
10,640
2,660
5,624
50
8,515
16,125
2,320
5,202
490
640
1,615
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$89,541 00
Amount Invested.
$5,675
805
300
6,475
6,000
7,901
7,097
2,540
4,431
500
10,197
14,947
2,000
5,100
700
500
2,062
00
00
00
00
00
25
50
00
25
00
00
25
00
00
00
00
50
$77,231 75
[Pub. Doc.
REPORT OF THE
158
Danvers Savings Bank — Continued.
Detailed Statement o f Bailroad Bonds.
Par Value.
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Chic , Burlington & Quincy R.R. 3is,
Chic , Burlington & Quincy R.R. 4s,
Conn & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. Sis, .
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3 is ,.
Maine Central R.R. 4s,
Penobscot Shore Line R.R. 4s,
Upper Coos R.R. 4is,
Worcester, Nashua & Roch. R.R. 4s,
$35,000
20,000
5,000
25,000
25,000
50,000
20,000
10,000
50,000
25,000
15,000
25,000
15,000
Estimated
Market Value.
$39,637
20,850
4,975
26,812
28,375
50,625
21,175
10,000
49,500
26,062
15,900
28,750
16,425
50
00
00
50
00
00
00
00
00
50
00
00
00
$320,000 $339,087 50
Amount Invested.
$35,000
20,000
5,000
25,000
25,000
50,000
20,000
10,000
50,000
25,000
15,000
25,000
15,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$320,000 00
Boston Terminal Company Bonds.
Par Value.
$85,000
Boston Terminal Company 3is,
Estimated
Market Value.
$98,175 00
Amount Invested.
$85,000 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Kate.
Amount.
$1,041
1.029
50.000
84.000
10.000
10,000
16
75
00
00
00
00
2 per cent.
2*
“
m
“.
3è
“
m
“
3n
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
Amount.
$117,400
23,000
131,000
2,300
158,250
138,500
00
00
00
00
00
00
4 per cent.
4è
4|
4*
“
4i
4|
Amount.
$432,030
25.000
115,370
20.000
111,225
1,450
Rate.
00
00
00
00
00
00
5 per cent.
5^
5è
»
5f
“
6
«
7
No. 8.]
SAVINGS BANK COMMISSIONERS.
159
Danvers Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 223
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .......................................... 232
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1902..................................................
Times for the dividends fixed by the by-laws: April 1 and October 1;
payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $34,428 15 )
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
35,518 041
Number of accounts opened during the year ending Oct. 31, 1902,
. 523
Number of accounts closed during the year ending Oct. 31, 1902,
. 302
Total number of open accounts Oct. 31, 1902,
. . .
.
4,820
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902.........................................................................................
Number of s a m e , ............................................................................ 2,856
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , ............................................................................ 2,739
Date of examination by commissioner: January 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$52,656 46
47,300 00
1,939 48
247,425 00
554 04
82,748 25
69,946 19
3,520 84
260,010 17
219,806 45
160
REPORT OF THE
[Pub. Doc.
D E D H A M IN S T IT U T IO N FOR S A V IN G S — D E D H A M .
Incorporated March 19, 1831.
Present number of corporators, 86.
A ugustus B . E n d ico t t , President.
A lfred H e w in s , Treasurer.
A lf r ed H e w in s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A ugustus B . E nd ico tt ,
H o w ar d C o lb u r n ,
C lifton P. B a k e r ,
W in s l o w W a r r e n ,
D on G leason H il l
Open for business every business day except Saturdays, 9 a .m . to 12.30 p
Saturdays, 9 a .m . to 12 m .
m.;
2 to 4 p
m.
;
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on batìk stock, .
,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
L ia b il it ie s .
$930,500
43,150
500
774,000
00
00
00
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$3,487,758 76
171,084 65
96,809 42
35,000 00
594,400 00
1,248,500 00
53,875 00
73,727 83
2,000 00
$3,755,652 83
$3,755,652 83
Cash on Deposit in Bank: —
Dedham National Bank, D e d h a m , ........................................................... $75,727 83
Loan on Bank Stock: —
10 shares Dedham National Bank, Dedham,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$500 00
No. 8.]
161
SAVINGS BANK COMMISSIONERS
Dedham Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Akron, Ohio, 5s, .
of Bangor, Me., 6s, .
of Boston, Mass , 3^s,
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Bridgeport, Conn., 4s, .
of Cambridge, Mass., 6s, .
of Cleveland, Ohio, os,
of Dayton, Ohio, 5 s,.
of Fall River, Mass., 4^s,
of Fall River, Mass., 4£s,.
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s,
of Grand Rapids, Mich., 5s,
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s,.
of Lynn, Mass., 4s, .
of Manchester, N. H., 4s,
of Manchester, N. H., 4£s,
of Milwaukee, Wis., 5s, .
of New Bedford, Mass., 3£s,
of Newton, Mass., 4s,
of Newton, Mass , 6s,
of Northampton, Mass., 4s,
of Norwalk, Conn., 4s,
of Norwich, Conn., 7s,
of Portland, Me., 6s,
of Portsmouth, N. H., 4s,
of Scranton, Pa , 4£s,
of Springfield, Mass., 6s, .
of Springfield, Ohio, 4£s,.
of Springfield, Ohio, 5s, .
Town of Danvers, Mass., 5s, .
of Dedham, Mass, 4s, .
of Hopkinton, Mass., 5s,
of Melrose, Mass., 4s., .
of Methuen, Mass., 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,000
18,000
30,000
100,000
10,000
38,000
10,000
43,000
25,000
25,000
35,000
2,000
38,000
10,000
12,000
25,000
52,000
14,000
15,000
31,500
28,000
45,000
16,000
17,000
18,000
25,000
48,000
20,000
25,000
2,000
40,000
10,000
4,000
25,000
20,000
20,000
25,000
Estimated
Market Value.
$9,292 50
19,170 00
30,975 00
104,625 00
10,000 00
42,085 00
10,350 00
43,000 00
27,875 00
27,062 50
36,825 00
2,065 00
41,800 00
10,200 00
13,440 00
27,906 25
56,297 50
14,997 50
16,612 50
31,578 75
28,490 00
51,650 00
17,040 00
17,977 50
20,520 00
27,437 50
53,520 00
20,450 00
28,310 00
2,145 00
45,612 50
11,662 50
4,220 00
27,093 75
22,100 00
21,600 00
27,687 50
Amount Invested
$9,000
18,000
30,000
100,000
10,000
38,000
10,000
43,000
25,000
25,000
35,000
2,000
38,000
10,000
12,000
25,000
52,000
14,000
15,000
31,500
28,000
45,000
16,000
17,000
18,000
25,000
48,000
20,000
25,000
2,000
40,000
10,000
4,000
25,000
20,000
20,000
25,000
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00'
00
00
00
00
00
00
00
00
00
00
00
00
$930,500 $1,003,673 75 $930,500 00
* A legal investment when made.
162
REPORT OF THE
[Pub. Doc
Dedham Institution for Savings — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
50
75
40
25
60
150
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Shawmut Bank, Boston,
National Union Bank, Boston,
Peoples Nat’l Bank, Boston, .
Dedham Nat’l Bank, Dedham,
Estimated
Market Value.
$5,000
1,150
7,500
4,000
2,500
6,000
15,000
$41,150
$5,750
300
11,250
9,400
4,250
7,200
15,750
00
00
00
00
00
00
00
$53,900 00
Amount Invested.
$5,000
1,150
7,500
6,000
2,500
6,000
15,000
00
00
00
00
00
00
00
$43,150 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 3is,
Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s..............................
Boston & Lowell R.R. 4s,
Boston & Lowell R R. 4ès,
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R.
4£s....................................................
Boston, Winthrop & Shore R.R. 5s,
Eastern R R 6s,
Fitchburg R.R. 4s, .
Maine Central R.R. 4£s, .
Maine Central R.R. 7s,
Newport & Richford R R. 5s, .
New York & New England R R. 6s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R, 4 s ,...........................................
Norwich & Worcester R.R. 4s,
Old Colony R R. 4 s,.
Old Colony R.R. 4£s,
Portsmouth, Great Falls & Conway
R.R. 4 i s , ..................................
Vermont & Massachusetts R.R. 5s, .
Worchester, Nashua & Rochester
R.R. 4 s ,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
$30,000
25,000
Estimated
Market Value.
$31,200 00
26,500 00
Amount Invested.
$30,000 00
25,000 00
35,000
20,000
5,000
45,000
38,500
22,300
5,000
56,250
00
00
00
00
35,000
20,000
5,000
45,000
00
00
00
00
25,000
28,000
60,000
85,000
3,000
11,000
35,000
25,000
26,000
28,750
29,190
64,950
89,312
3,247
14,080
37,275
26,125
27,625
00
00
00
50
50
00
00
00
00
25,000
28,000
60,000
85,000
3,000
11,000
35,000
25,000
26,000
00
00
00
00
00
00
00*
00
00
50,000
30,000
49,000
25,000
57,125
33,075
54,375
25,312
00
00
00
50
50,000
30,000
49,000
25,000
00
00
00
00
15,000
119,000
18,150 00
119,000 00
15,000 00
119,000 00
28,000
31,080 00
28,000 00
$774,000 $838,422 50
$774,000 00
A le g a l in v e s t m e n t w h e n m a d e .
No. 8.]
163
SAVINGS BANK COMMISSIONERS.
Dedham Institution for Savings — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$73,727 83
190,000 00
728,875 00
Rate.
Amount.
Rate.
Amount.
Rate.
2 per cent.
35
»
4
“
$237,000 00
69.000 00
30.000 00
4£ per cent.
4h
“
4§
»
$431,900 00
800 00
209,700 00
5 per cent.
5é
“
6
“
Amount invested in real estate for banking purposes,.................................. $35,000 00
Estimated value of the s a m e , ....................................................................
50,000 00
Assessed value of the s a m e ,............................................................................
61,200 00
Net income received from same during year ending Oct. 31, 1902,
. .
1,048 35
Number of loans which are of an amount not exceeding $3,000 each, 372
Aggregate amount of the s a m e , ....................................................................
357,300 00
Total number of loans upon real e s t a t e , ...........................................415
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2,............................................................................
164,728 62
Times for the dividends fixed by the by-laws: second Saturday in May
and November; payable on the Monday following those dates.
Rate and amount of each semi-annual dividend r 2 per cent., $64,563 03 1 ^ 9 970 n
during the year ending Oct. 31, 1902,
.
j 2 per cent.,
65,407 08 i
’
Number of accounts opened during the year ending Oct. 31,1902, . 990
Number of accounts closed during the year ending Oct. 31, 1902,
. 641
Total number of open accounts Oct. 31, 1902,
.
.
.
.
8,944
Total expenses of the corporation for the year ending Oct. 31,1902 (ex
clusive of taxes),
....................................................................
'
•
7,158 81
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
458,770 44
Number of s a m e , ............................................................................ 6,838
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
466,341 75
Number of s a m e , ............................................................................ 5,318
Date of examination by commissioner : March 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
164
D O RCH ESTER S A V IN G S B A N K — DO R CH ESTER .
Incorporated April 16, 1894.
F r e d e r ick L. W
alker,
F rank
Present number of corporators, 20.
President.
G eorge T . S e a r s , Treasurer.
M. W h it m a n , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
A lber t H . S tearn s ,
G eorge B. P h ip p e n ,
G eorge T . S e a r s ,
H e rbert W . B u r k e ,
H e n r y G. A l l b r ig h t .
Open for business every business day except Saturdays, 2 to 7 p . m . ; Saturdays,
2 to 9 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
$12,774
44,331
5,818
195,050
14,943
5,162
70
1,217
’ 315
Public funds, as per schedule, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.
$>277,601 53
1,802 93
280 00
25
Deposits, .
Guaranty fund,
Interest account,
Collection account,
60
25
75
00
75
64
47
35
90
$279,684 71
$>279,684 71
Cash on Deposit in Banks, amount in each : —
Central National Bank, B o s to n ,....................................................................
Winthrop National Bank, B o s t o n , ............................................................
$846 46
4,316 18
Detailed Statement o f Public Funds.
Par Value.
City of Quincy, Mass., 3£s,
of Wilkes-Barre, Pa., 3£s,
of Youngstown, Ohio, 5s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$4,800
3,000
4,348
$4,872 00
3,046 25
4,674 10
$4,932 24
3,090 00
4,752 36
$12,148
$12,592 35
$12,774 60
No. 8.]
165
SAYINGS BANK COMMISSIONERS.
Dorchester Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 3s, .
Boyer Valley R R. 3£s, .
Chic., Burlington & Quincy R.R. 3às,
Conn. & Passumpsic Rivers R.R. 4s,
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3s, .
Illinois Central R R. 3ès, .
Maine Central R.R. 4s,
Old Colony R.R. 4s, .
Portland & Rumford Falls R.R. 4s,
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ..................................
$3,000
5,000
3,000
1,000
3,000
1,000
3,000
5,000
10,000
4,000
1,000
2,000
Estimated
Market Value.
$2,700
5,050
2,970
1,130
3,300
1,097
2,400
4,350
9,850
4,160
1,100
2,160
00
00
00
00
00
50
00
00
00
00
00
00
Amount Invested.
$2,880
5,068
3,108
1,175
3,195
1,075
3,077
4,550
10,195
4,168
1,152
2,215
00
75
75
00
00
00
50
00
00
75
50
00
2,000
2,440 00
2,470 00
$43,000
$42,707 50
$44,331 25
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3<|s,
$5,000
Estimated
Market Value.
$5,775 00
Amount Invested.
$5,818 75
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$5,162 64
4,943 75
Bate.
2 per cent.
3è
“
Amount.
$10,000 00
181,750 00
Rate.
4f per cent.’
5
Amount.
$2,300 00
11,000 00
Rate.
5£ per cent.
6
“
Number of loans which are of an amount not exceeding $3,000 each,
35
Aggregate amount of the s a m e , .................................................................... $72,050 00
Total number of loans upon real e s t a t e , ...........................................62
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...................................................
.
9,889 59
Times for the dividends fixed by the by-laws; second Wednesday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $3,339 27 1
^
during the year ending Oct. 31, 1902,
.
1 If per cent.,
3,843 87 i
Number of accounts opened during the year ending Oct. 31,1902,
. 930
Number of accounts closed during the year ending Oct. 31,1902,
. 322
Total number of open accounts Oct. 31, 1902,
.
.
.
.
3,196
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
166
REPORT OF THE
[Pub. Doc.
Dorchester Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
..................................................................................... $1,360 10
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
156,443 92
Number of s a m e , ............................................................................ 5,752
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
94,202 99
Number of s a m e , .............................................................................
2 878
Date of examination by commissioner : February 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
167
EAST BOSTON S A V IN G S B A N K — E A ST BOSTON.
Incorporated April 26, 1848.
Present number of corporators, 28.
G eorge T. Sam pson , President.
W il l ia m B. P ig eo n , Treasurer.
W il l ia m B. P ig eo n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W il l ia m B. P ig eo n ,
J ohn T hompson ,
R ufus Cu sh m a n ,
E ben M . M cP her so n ,
A. R . H ooper ,
John E. L y n c h ,
Jam es F r a m e .
Open for business every business day, 9 a .m . to 2 p . m . ; also Saturdays, 7 to 9 p . m . ;
during June, July, August and September, close at 1 p .m . Saturdays.
B alance
S heet
Oct.
31, 1902.
i
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Deposits in banks, on interest, .
Expense account,
Miscellaneous bonds,*
Taxes paid,
.
. . .
Cash on hand, . . .
.
$610,000
200,961
800
602,000
00
00
00
00
10,000
6,500
2,031,892
461,325
00
00
50
00
10,000
87,874
3,711
25,895
721
4,179
00
53
81
27
92
54
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$4,055,861 57
*
$3,756,891 64
185,271 63
29,032 23
84,666 07
$4,055,861 57
Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
First Ward National Bank, Boston, .
First National Bank, Boston.................................
$70,448 12
17,426 41
Loan on Bank Stock : —
8 shares First Ward National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$800 00
168
REPORT OF THE
[Pub. Doc.
East Boston Savings Bank — Continued.
Detailed Statement o f Publie Funds.
Estimated
Par Value.
District of Columbia 7s, .
County of Aroostook, Me., 4£s,
City of Bangor, Me., 6s, .
of Boston, Mass., 5s,
of Cambridge, Mass., 6s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5s,.
o f Detroit, Mich., 6s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 4|s,.
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Gloucester, Mass., 4s, .
of Grand Rapids, Mich., 4^s, .
of Grand Rapids, Mich., 5s,
of Indianapolis, Ind., 4s, .
of Lynn, Mass , 4s, .
of Manchester, N. H., 4£s,
of Milwaukee, Wis., 5s, .
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
of Saginaw, Mich., 4£s, .
of Salem, Mass., 5s, .
of Springfield, Ohio, 4£s,.
of Springfield, Ohio, 5s, .
of St. Louis, Mo., 6s,
of Waltham, Mass., 4s, .
of Woonsocket, R. I., 4s, .
Market Value.
$1,000
25,000
7,000
80,000
8,000
4,000
35,000
10,000
25,000
15,000
9,000
8,000
2,000
13,000
10,000
20,000
5,000
20,000
53,000
10,000
10,000
42,000
28,000
5,000
20,000
21,000
17,000
32,000
25,000
50,000
$1,010 00
27,000 00
7,420 00
84,200 00
8,280 00
4,240 00
39,790 00
10,800 00
28,125 00
16,200 00
9,720 00
8,360 00
2,060 00
14,125 00
10,150 00
21,600 00
5,475 00
22,100 00
57,800 00
11,050 00
10,350 00
46,830 00
29,540 00
5,025 00
20,400 00
23,710 00
19,620 00
33,760 00
26,500 00
52,250 00
Amount Invested.
$1,000 00
25,000 00
7,000 00
80,000 00
8,000 00
4,000 00*
35,000 00
10,000 00
25,000 00
15,000 00
9,000 00
8,000 00
2,000 00
13,000 00
10,000 00
20,000 00
5,000 00
20,000 00
53,000 00
10,000 00
10,000 00
42,000 00
28,000 00
5,000 00
20,000 00
21,000 00
17,000 00
32,000 00
25,000 00
50,000 00*
$610,000 $657,490 00 $610,000 00
*
Legal investments when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
100 Atlantic Nat’l Bank, Boston, .
50 Atlas National Bank, Boston, .
40 Blackstone N’l Bank, Boston, .
60 Boylston Nat’l Bank, Boston, .
50 Colonial Nat’l Bank, Boston, .
20 Commercial N’l Bank, Boston,
115 Eliot National Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$10,000
5,000
920
6,000
5,000
2,000
11,500
Estimated
Market Value.
$13,000
5,750
240
6,600
7,500
2,700
19,090
00
00
00
00
00
00
00
Amount Invested.
$10,000
5,000
920
6,000
7,500
2,000
11,500
00
00
00
00
00
00
00
No. 8.]
169
SAYINGS BANK COMMISSIONERS.
East Boston Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
Par Value.
150 First Ward N’l Bank, Boston,.
162 Freemans Natl Bank, Boston,
50 Manufacturers N’l B’k, Boston,
4 Mechanics Nat’l Bank, Boston,
50 Merchants Nat’l Bank, Boston,
50 Mt. Vernon N’l Bank, Boston,
170 N’l B’k of Commerce, Boston,
115 N’l B’k of Redemption, Boston,
100 N’l B’k of the Republic, Boston,
50 Nat’l Exchange Bank, Boston,
300 Nat’l Shawmut Bank, Boston,.
88 Nat’l Suffolk Bank, Boston,
6 Nat’l Webster Bank, Boston, .
10 New England N’l B’k, Boston,
25 Old Boston Nat’l Bank, Boston,
30 Second National Bank, Boston,
108 State National Bank, Boston, .
70 Suffolk Nat’l Bank, Boston,
25 Tremont Nat’l Bank, Boston, .
$15,000
16,200
_
400
5,000
5,000
17,000
11,500
10,000
5,000
30,000
8,800
600
1,000
2,500
3,000
10,800
-
1,250
Estimated
Market Value.
$24,000
17,820
100
480
9,550
5,100
25,500
19,550
16,000
7,600
70,500
11,704
708
1,570
2,775
5,670
16,416
420
125
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$15,000 00
16,200 00
-
400
5,000
5,000
17,000
11,500
10,000
5,000
45,000
8,800
591
1,000
2,500
3,000
10,800
00
00
00
00
00
00
00
00
00
00
00
00
00
00
-
1,250 00
$183,470 $290,468 00 $200,961 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Clinton & Fitchburg R.R, 5s,
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 5s,
Chicago & Northwestern R.R. 7s, .
Cleveland & Pittsburgh R R. 3¿s, .
Eastern R R. 6s,
Fitchburg R.R. 5s, .
Housatonic R R. 5s, .
Kalamazoo, Allegan & Grand Rapids
R.R. 5 s ,...........................................
Maine Central R.R. 4s,
Maine Central R.R. 4ès, .
Maine Central R.R. 7s,
Michigan Central R.R. 5s,
New York & New England R.R, 6s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R R. 3 ¿ s , ..................................
New York, New Haven & Hartford
R R. 4 s ,...........................................
Old Colony R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$75,000
100,000
37,000
9,000
25,000
10,000
25,000
20,000
$81,750
124,000
41,070
11,250
25,750
10,800
26,050
26,400
00
00
00
00
00
00
00
00
$75,000
100,000
37,000
9,000
25,000
10,000
25,000
20,000
00
00
00
00
00
00
00
00
25,000
6,000
12,000
40,000
20,000
8,000
50,000
32,000
6,270
13,020
51,200
25,000
8,320
53,000
00
00
00
00
00
00
00
25,000
6,000
12,000
40,000
20,000
8,000
50,000
00
00
00
00
00
00
00
25,000
25,750 00
25,000 00
10,000
50,000
11,500 00
55,000 00
10,000 00
50,000 00
170
REPORT OF THE
[Pub. Doc»
East Boston Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Portland & Ogdensburg R.R. os,
Portsmouth, Great Falls & Conway
R.R. 4£s,
St. Johnsbury & Lake Champlain
R.R. 5s, ..................................
Estimated
Market Value.
Amount Invested.
$25,000
$27,000 00
$25,000 00
5,000
6,100 00
5,000 00
25,000
31,000 00
25,000 00
$602,000 $692,230 00 $602,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$87,874
127,000
25.000
50.000
53
00
00
00
Rate.
Amount.
Rate.
2 per cent.
4
“
4J
41
«
$222,257 00
55,000 00
1,778,380 50
4£ per cent.
4|
“
5
“
Amount.
$7,500 00
138,835 00
100,045 00
Rate.
5J per cent.
H
“
6
“
Amount invested in real estate for banking purposes, .
.
.
.
.
$ 10,000
Estimated value of the s a m e , ....................................................................
20,000
Assessed value of the same................................................................................
20,000
Net income received from same during year ending Oct. 31, 1902,
263
^ idue, by books, of other real estate, held or owned by foreclosure or
otherwise.........................................................................
6,500
Assessed value of the s a m e ,....................................................................
7,300
Net income received from same during year ending Oct. 31, 1902,
66
Number of loans which are of an amount not exceeding $3,000 each, 733
Aggregate amount of the same, .
............................................................ 1,085,738
Total number of loans upon real e s t a t e , ...........................................881
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1902,
.
. •...........................................
186,511
Times for the dividends fixed by the by-laws: third Wednesday in
January and July; payable the Monday following.
Rate and amount of each semi-annual dividend f 2 per cent.. $67,570 01 1
136,373
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
68,802 99 J
Number of accounts opened during the year ending Oct. 31, 1902,
1,556
Number of accounts closed during the year ending Oct. 31, 1902,
1,242
Total number of open accounts Oct. 31, 1902,
. . .
.
13,260
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
10,725
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,............................................................................ ........
751,084
Number of s a m e , .............................................................................16,682
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
717,885
Number of same, .
.
.
.
...........................................12,467
Date of examination by commissioner: February 25.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
98
00
00
50
00
48
00
34
00
70
No. 8.]
SAYINGS BANK COMMISSIONERS.
171
E A ST B R ID G E W A T E R S A V IN G S B A N K — EAST B R ID G E WATER.
Incorporated March 8, 1870.
G eorge M . K e it h ,
President.
Ch ar l es F . M a n n ,
Present number of corporators, 42.
C h a r l e s F.
Clerk o f the Corporation.
Treasurer.
M ann,
Names of committee charged with the investment of its funds :
G eorge M . K e it h ,
Jo h n H o b a r t ,
H enry Gurney,
I saac
N.
N utter,
W alter H . A dam s.
Open for business every business day except Wednesdays, 9 a . m . to 12
also Wednesdays and Saturdays, 6.30 to 8 p . m .
m
.
; 2 to 4
p
.m . ;
B alan ce Sheet O ct . 31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Bank building expense and in
come account, . . .
.
Notes receivable,*
Tax account,
.
.
.
.
Cash on hand, . . .
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$40,400
32,350
200
91.000
25.000
00
00
00
00
00
10.000
10,334
583,299
263,094
00
38
43
84
1,000
50
17,654
801
00
00
93
75
179
2,700
637
1,687
09
00
47
31
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$1,080,389 20
*
Taken to secure indebtedness.
$1,004,829 01
46,300 00
16,157 35
12,954 34
148 50
$1,080,389 20
[Pub. Doc.
REPORT OF THE
172
East Bridgewater Savings Bank — Continued.
Cash on Deposit in Banks, amount in each : —
Fourth National Bank, Boston........................................................................ .........
70
Plymouth County Safe Deposit and Trust Company, Brockton,
.
.
7,553 23
Loan on Bank Stock : —
$200 00
5 shares Brockton National Bank, Brockton,
Detailed Statement o f Public Funds.
Par Value.
City of Des Moines, Iowa, 4s, .
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
o f Rockford, 111., 4£s,
of Saginaw, Mich., 4s,
of Taunton, Mass., 4s,
Town of Westfield, Mass., 5s, .
$5,000
5.000
5.000
10,000
5.000
5.000
5,400
$40,400
Estimated
Market Value.
$5,262
5,068
5,418
10,325
5,337
5,100
5,629
50
75
75
00
50
00
50
$42,142 00
Amount Invested.
$5,000
5.000
5.000
10,000
5.000
5.000
5,400
00
00
00
00
00
00
00
$40,400 00
No. of
Stiarcs.
Detailed Statement o f Bank Stocks.
100
15
40
25
25
27
24
15
25
50
40
25
Par Value.
Fourth National Bank, Boston,
Freemans Nat’l Bank, Boston,
Manufacturers N’l B’k, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
State Street Trust Co., Boston,
Tremont Nat’l Bank, Boston, .
Brockton N’l Bank, Brockton,
Home Nat’l Bank, Brockton, .
Plymouth County Safe Deposit
& Trust Company, Brockton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
$10,000 00
1,500 00
2,500
2,500 00
2,500 00
$33,350
$44,464 00
$32,350 00
$10,000
1,500
-
2,500
-
2,700
2,400
1,500
1,250
5,000
4,000
$13,000
1,650
80
4,250
25
3,186
3,648
3,000
125
6,000
7,000
-
2,500 00
2,700 00
2,400 00
1,500 00
250 00
5,000 00
4,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
173
East Bridgewater Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 34s,
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 34s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 34s,.
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,.
Upper Coos R R. 4s,
Vermont & Massachusetts R.R. 5s, .
$5,000
5,000
15,000
5,000
6,000
15,000
5,000
15,000
10,000
5,000
5,000
$91,000
*
Estimated
Market Value.
$5,062
5,212
14,925
5,475
6,480
14,850
5,325
16,400
10,600
5,000
5,000
50
50
00
00
00
00
00
00
00
00
00
$94,330 00
Amount Invested.
$5,000
5,000
15,000
5,000
6,000
15,000
5,000
15,000
10,000
5,000
5,000
00
00
00
00
00
00
00*
00
00
00
00
$91,000 00
A legal investment when made.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 34s,
$25,000
Estimated
Market Value.
Amount Invested.
$28,875 00
$25,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$7,553
10,101
31.000
30.000
Rate.
23
70
00
00
2 per cent.
2è
“
4
“
4Ì
“
Amount.
$90,000
63,100
419,987
10,000
Rate.
00
00
06
00
44 per cent.
4|
“
5
“
51
Amount.
$19,300 00
180,257 21
4,000 00
Rate.
54 per cent.
6
64
“
Amount invested in real estate for banking purposes,.................................. $10,000 00
Estimated value of the s a m e , ....................................................................
10,000
Assessed value of the same, .
.
.
...................................................
8,400
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
10,334
Assessed value of the s a m e ,.............................................................................
10,500
Number of loans which are of an amount not exceeding $3,000 each, 295
Aggregate amount of the s a m e , ....................................................................
243,002
Total number of loans upon real e s t a t e , ...........................................339
Amount of investments from which no income is received, . . . .
250
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
38
00
21
00
REPORT OF THE
174
[Pub. Doc.
East Bridgewater Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................$48,624 61
Times for the dividends fixed by the by-laws: first Tuesday in January
and July; payable on same days.
Rate and amount of each serhi-annual dividend f 2 per cent., $18,156 18 1 gg 994.
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
18,837 88 i
Number of accounts opened during the year ending Oct. 31, 1902, . 254
Number of accounts closed during the year endingOct. 31, 1902,
. 168
Total number of open accounts Oct. 31,1902,
.
.
.
.
2,455
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,584
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902, .
.,
.
...................................................
136,189
Number of s a m e , .......................................................................1,558
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902,
..............................................................................................
105,964
Number of s a m e ,.......................................................................1,381
Date of examination by commissioner: May 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
0g
33
64
02
No. 8.]
SAYINGS BANK COMMISSIONERS.
175
E A ST CAM BR IDGE SA V IN G S B A N K — E A ST CAM BR ID G E.
Incorporated April 29, 1854.
Present number of corporators, 35.
John C. B u l l a r d , President.
W il l ia m E. L l o y d , Treasurer.
W il l ia m E. L l o y d , Clerk o f the Corporation.
Names of committee charged with the investment o^ its funds :
John C. B u l l a r d ,
W il l ia m G oepper ,
D a v id P roudpoot ,
G ustavus G oepper ,
B e n jam in F. T hompson .
Open for business every business day except Saturdays, 9 a . m . to 1 p .m . ; Saturdays,
9 a . m . to 12 M .
Balance
Sh eet
Oct.
31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Miscellaneous stocks,*
Cash on hand, . . . .
$36,000
500
78,409
4,580
135,500
00
00
67
00
00
20,000
47,236
2,135,275
1,266,172
34,207
2,000
484
6,391
4,531
00
96
55
96
18
00
68
00
87
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$3,771,289 87
$3,473,303 82
176,522 64
3,083 64
118,379 77
$3,771,289 87
* Taken to secure indebtedness.
Cash on Deposit in Bank : —
Lechmere National Bank, East C a m b r i d g e , ...........................................$36,207 18
Loan on Public Funds : —
$500 United States 4 s , .....................................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$500 00
[Pub. Doc
REPORT OF THE
176
East Cambridge Savings Bank — Continued.
Loan on Bank Stock: —
1
21 shares Framingham National Bank, Framingham,
5 shares Concord National Bank, Concord,
10 shares Lechmere National Bank, Cambridge,
4 shares First National Bank, Westborough, .
8 shares Merchants National Bank, Boston,
!
$4,580 00
I
j
Detailed Statement o f Public Funds.
Par Value.
City of Grand Rapids, Mich., 4¿s,
of Lynn, Mass., 4s, .
Town of Webster, Mass., 4s, .
of Wellesley, Mass., 4s,.
.
Estimated
Market Value.
$10,000
10,000
10,000
6,000
$10,750
10,975
11,025
6,375
00
00
00
00
$36,000
$39,125 00
Amount Invested.
$10,000
10,000
10,000
6,000
00
00
00
00
$36,000 00
Detailed Statement o f Bank Stocks.
O. 5
S-i
Estimated
Market Value.
CO
7
36
41
30
12
20
Ö0
16
50
40
67
10
58
16
25
5
45
20
38
24
101
26
33
11
35
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Bunker Hill Nat1! B’k, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First Ward Nat’l B’k, Boston,.
Fourth National Bank, Boston,
Merchants Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,.
NT Bank of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’ l Exchange Bank, Boston. .
Nat’l Hamilton Bank, Boston,.
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Tremont Nat’l Bank, Boston, .
Charles River National Bank,
Cambridge, /
.
Lechmere N’l B’k, Cambridge,
National City B’k, Cambridge,
Concord Nat’l Bank, Concord,
Fall River NT B’k, Fall River,
First Nat’l Bank, Marlborough,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$700
828
4,100
1,200
2,000
5,000
1,600
5,000
4,000
6,700
1,000
5,800
1,600
2 500
500
4,500
2,000
1,900
$805
216
7,585
150
1,992
2,740
8,000
2,080
9,550
4,280
10,050
1,700
9,280
2,432
2,500
850
5,310
3,140
190
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
1,200
2,000
4,000
1,600
5,000
4,000
6,700
1,000
5,800
1,600
2,425
500
4,500
2,000
1,900
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
2,400
10,100
2,600
3,300
1,100
3,500
3,720
15,150
3,640
4,620
1,276
4,200
00
00
00
00
00
00
2,400
12,506
2,600
3,300
1,100
2,850
00
67
00
00
00
00
-
$700 00
828 00
4,100 00
-
No. 8.]
177
SAYINGS BANK COMMISSIONERS.
East Cambridge Savings Bank — Continued.
No of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
30
13
20
Par Value.
Merchants National Bank, Newburyport,
.
.
.
.
Newton Nat’l Bank, Newton, .
Middlesex County National
Bank, Winchester,
Estimated
Market Value.
Amount Invested.
$600
1,300
$690 00
1,170 00
$600 00
1,300 00
2,000
2,000 00
1,900 00
$77,828
$109,316 00
$78,409 67
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
Boston & Albany R.R. 3<£s,
Boston & Albany R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R R. 6s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 7s,
Old Colony R.R. 4s............................
Old Colony R.R. 4£s,
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ..................................
$15,000
25,000
15,000
8,500
10,000
18,000
10,000
30,000
2,000
2,000
Market Value.
$15,600
26,500
17,025
9,201
10,780
18,160
12,800
32,812
2,025
00
00
00
25
00
00
00
50
00
2,420 00
Amount Invested.
$15,000
25,000
15,000
8,500
10,000
18,000
10,000
30,000
2,000
00
00
00
00
00
00
00
00
00
2,000 00
$135,500 $147,323 75 $135,000 00
Total Amount of Loans with Each Specified Rate o f Interest,
Amount.
$ 2 2 ,4 2 2
3 4 ,2 0 7
2 7 3 ,5 0 0
9 0 ,0 1 0
Kate.
96
18
00
00
0 percent.
là
“
4
“
H
“
Amount.
$ 4 6 9 ,5 8 0
1 1 0 ,0 0 0
1 2 5 ,0 0 0
5 5 ,0 0 0
K ate.
00
00
00
00
4i
er cent.
“
4è
“
4|
“
4*
Amount.
$ 1 ,9 6 6 ,3 3 9 37
1 8 0 ,4 3 9 8 4
1 1 4 ,2 4 6 3 4
Kate.
5 per cent.
%
“
6
Amount invested in real estate for banking purposes,.................................. $ 2 0 ,0 0 0 0 0
Estimated value of the s a m e , ....................................................................
2 0 ,0 0 0
Assessed value of the s a m e ,............................................................................
1 8 ,7 0 0
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
4 7 ,2 3 6
Assessed value of the s a m e ,............................................................................
5 2 ,9 1 0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
96
00
178
REPORT OF THE
[Pub. Doc.
East Cambridge Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 803
Aggregate amount of the s a m e , ....................................................................t ,232,550 16
Total number of loans upon real e s t a t e , .......................................... 979
Amount of investments from which no income is received,
54,870 07
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................
164,904 25
Times for the dividends fixed by the by-laws: April 15 and October 15;
payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $63,488 15
128,568 27
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
65,080 12.
Number of accounts opened during the year ending Oct. 31, 1902,
1,547
Number of accounts closed during the year ending Oct. 31, 1902,
1,187
Total number of open accounts Oct. 31, 1902,
. . . .
10,235
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
9,394 78
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
639,976 71
Number of s a m e , .............................................................................15,033
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
592,197 05
Number of s a m e , ............................................................................ 8,834
Date of examination by commissioner: January 31.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
179
SAVINGS BANK COMMISSIONERS.
EA STH A M P T O N SA V IN G S B A N K — EA STH A M PTO N .
Incorporated Feb. 10, 1869. Present number of corporators, 28.
Ch a r l e s j W . Sm it h ,
President.
Treasurer.
C h a r l e s H . Jo h n s o n ,
0 . G. W ebster,
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C h a r l e s W . Sm i t h ,
G eorge
J o s e p h W . W il s o n ,
L.
M anchester.
Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a . m . to 12 M.
Balance
Sh ee t
O ct.
31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Miscellaneous stocks and bonds,*
Vault, furniture and fixtures, .
Tax account,
. . . .
Cash on hand, . . . .
$20,500
161,909
945
52,000
22,095
690,610
128,736
00
50
00
00
95
52
92
4,000
400
41,452
818
3,779
2,200
212
2,768
00
00
59
87
94
00
65
97
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$1,132,430 91
$1,097,582 87
27,750 00
2,942 64
4,155 40
$1,132,430 91
* Taken to secure indebtedness.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
o
o
m
Oi
'o
Cash on Deposit in Banks, amount in each : —
First National Bank, A d a m s , ................................................... ........
.
First National Bank, E asth am p ton ,............................................................
Agawam National Bank, Springfield,
.
.
.
.
.
.
.
Pynchon National Bank, Springfield,...........................................................
Springfield National Bank, S p r in g fie ld ,...................................................
Ware National Bank, W a r e , ....................................................................
4,940
15,000
1,512
5,000
10,000
00
36
00
23
00
00
[Pub. Doc.
REPORT OF THE
180
Easthampton Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
7 shares First National Bank, E a s th a m p to n ,.......................................
6 shares Agawam National Bank, S pringfield,..........................................
$655 00
290 00
Detailed Statement o f Public Funds.
Par Value.
City of Dubuque, Iowa, 5s,
of New Britain, Conn., 4s,
of Somersworth, N. H., 4s,
of Springfield, Mass., 3£s,
Town of Ware, Mass., 4s,
$9,000
3.000
4.000
3.000
1,500
$20,500
Estimated
Market Value.
$9,742
3,337
4,100
3,030
1,545
50
50
00
00
00
$21,755 00
Amount Invested.
$9,000
3.000
4.000
3.000
1,500
00
00
00
00
00
$20,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
100 First National Bank, Adams, .
14 Blackstone N’l Bank, Boston, .
7 N’l B’k of Commerce, Boston,
50 Second National Bank, Boston,
19 State National Bank, Boston, .
100 First N’l Bank, Easthampton,
44 First National Bank, Lynn,
20 Hampshire Co. National Bank,
Northampton,
58 Northampton National Bank,
Northampton,
60 Pittsfield N’l Bank, Pittsfield, .
60 Agawam N’l B'k, Springfield,
111 Chapin Nat’l B'k, Springfield,
100 Chicopee N’l B’k, Springfield,
50 City Nat’l Bank, Springfield, .
100 First Nat’l Bank, Springfield,.
59 John Hancock National Bank,
Springfield, .
.
.
.
89 Second N’l Bank, Springfield,
130 Springfield N’l B’k, Springfield,
50 First National Bank, Westfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Par Value.
$10,000
322
700
5,000
1,900
10,000
4,400
2,000
Market Value.
$12,500
84
1,050
9,450
2,888
10,000
5,192
Amount Invested.
00
00
00
00
00
00
00
$12,500 00
2,040 00
2,000 00
700
8,850
2,372
10,000
4,840
00
00
50
00
00
5,800
6,000
6,000
11,100
10,000
5,000
10,000
11,600
7,500
5,4C0
13,320
15,000
7,250
10,500
00
00
00
00
CO
00
00
12,175
9,600
6,000
12,765
16,500
7,100
12,622
00
00
00
00
00
00
00
5,900
8,900
13,000
5,000
6,018
11,570
24,050
6,500
00
00
00
00
7,465
13,570
16,350
6,500
00
00
00
00
$121,022
$161,912 00 $161,909 50
No. 8.]
181
SAYINGS BANK COMMISSIONERS.
Easthampton Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 3¿s,
Chic., Burlington & Quincy R.R. 3ès,
Illinois Central R R, 3s, .
Illinois Central R.R. 3és, .
Portland & Rumford Falls R.R. 4 s ,.
Estimated
Market Value.
$10,000
10,000
10,000
20,000
3,000
$10,275
10,000
8,700
20,000
3,240
00
00
00
00
00
$53,000
$52,215 00
Amount Invested.
$10,000
10,000
9.000
20,000
3.000
00
00
00
00
00
$52,000 00
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.
$4,940 36
20,000 00
17,500 00
Rate.
3 per cent.
3h
“
3|
Amount.
$27,750 00
55,000 00
556,230 75
Rate.
4:'( per cent.
4|
5
“
Amount.
$65,500 00
36,530 00
82,693 92
Rate.
51 per cent.
5h
“
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the same................................................................................
Net income received from sanfe during year ending Oct. 31, 1902, ' .
Number of loans which are of an amount not exceeding $3,000 each, 444
Aggregate amount of the same.........................................................................
Total number of loans upon real e s t a t e , ...........................................427
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : fourth Tuesday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $18,119 80 1
during the year ending Oct. 31, 1902,
.
1 1| per cent., 18,491 30 J
Number of accounts opened during the year ending Oct. 31,1902,
. 361
Number of accounts closed during the year ending Oct. 31, 1902,
. 323
Total number of open accounts Oct. 31,1902,
.
.
.
.
2,872
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 2,723
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , ..............................................................................................
Number of s a m e , .............................................................................1,944
Date of examination by commissioner: March 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$22,095 95
21,240 00
10 86
489,205 44
15,375 00
49,995 72
36,611 10
3,489 16
162,274 31
172,357 58
[Pub. Doc.
REPORT OF THE
182
E A ST W E Y M O U T H SA V IN G S B A N K — EAST W E Y M O U T H .
Incorporated Feb. 20, 1872.
Present number of corporators, 37.
N a t h a n D. Ca n t e r b u r y , President.
J ohn A. R a y m o n d , Treasurer.
J ohn A. R a y m o n d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds.
N a t h a n D. Ca n t e r b u r y ,
John W. B a te s ,
E dm und G. B a te s ,
H. F. B ic k n e l l ,
T. H. E m er so n ,
Joseph A. Cu s h in g ,
C har les B. C u s h in g .
Open for business every business day, 2 to 5 p . m . ; Saturdays, 2 to 6 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand...............................
•
$57,000
10,000
28,328
400
51,000
00
00
50
00
00
27,225
44,530
624,140
329,985
200
26,488
1,000
2,295
17
55
80
86
00
92
00
02
$1,202,594 82
L ia b il it ie s .
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$1,120,701 74
54,845 00
27,048 08
$1,202,594 82
Cash on Deposit in Banks, amount in each : —
Eliot National Bank, Boston,
. . .
Massachusetts National Bank, Boston,
$17,488 57
10,000 35
.
Loan on Public Funds : —
$8,000 Town of Greenfield, Mass., 3£s,
3,000 Town of Sunderland, Mass., 3^s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
’J
$10,000 00
No. 8.]
SAVINGS BANK COMMISSIONERS.
183
East W eym outh Savings Bank — Continued.
Loan on Bank Stock: —
•
5 shares Cape Cod National Bank, H a r w i c h , .................................. '
.
$400 00
Detailed Statement of Publie Funds.
Par Value.
City of Brockton, Mass., 4s,
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 4 s,.
of Detroit, Mich., 6s,
of Detroit, Mich., 7s,
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 4^s,
of Lynn, Mass., 5s, .
of Newton, Mass., 6s,
of Portland, Me , 6s,
of Providence, R. I., 5s, .
of Springfield, Mass., 6 s,.
of Springfield, Mass., 7 s ,.
Town of South Abington, Mass., 4s,
of Turner’s Falls, Mass., 4s, .
of Weymouth, Mass., 4s,
*
Estimated
Market Value.
$10,000
3,000
3,000
1,000
2,000
2,000
5,000
1,000
2,0003,000
2,000
1,000
1,000
5,000
5,000
11,000
$10,537
3,188
3,030
1,030
2,240
2,110
5,475
1,032
2,155
3,360
2,115
1,062
1,015
5,300
5,237
11,715
50
00
00
00
00
00
00
50
00
00
00
00
00
00
50
00
$57,000
$60,602 50
Amount Invested.
$10,000
3,000
3,000
1,000
2,000
2,000
5,000
1,000
2,000
’ 3,000
2,000
1,000
1,000
5,000
5,000
11,000
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$57,000 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
10 Central National Bank, Boston,
5 First Ward Nat’l Bank, Boston,
26 Freemans Nat’l Bank, Boston,.
17 Manufacturers N’l B’k, Boston,
20 Metropolitan N’l Bank, Boston,
25 N’l B’k of Commerce, Boston,
26 Old Boston Nat’l Bank, Boston,
6 Nat'l Shawmut Bank, Boston,.
20 State National Bank, Boston, .
12 Third National Bank, Boston,.
2 Tremont Nat’l Bank, Boston, .
25 Dedham Nat’l Bank, Dedham,
3 Salem National Bank, Salem, .
9 First N’l Bank, So. Weymouth,
105 Union Nat’l Bank, Weymouth,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$1,000
500
2,600
-
2,000
2,500
2,600
600
2,000
_
100
2,500
300
900
10,500
$28,100
Estimated
Market Value.
$1,250
800
2,860
34
2,140
3,750
2,886
1,410
3,040
264
10
2,650
285
810
7,875
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$1,000 00
500 00
2,450 00
_
1,862 50
2,500 00
2,600 00
1,200 00
2,000 00
$30,064 00
$28,328 50
_
100
2,500
300
900
10,416
00
00
00
00
00
184
REPOET OF THE
[Pub. Doc.
East W eym outh Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Clinton & Fitchburg R.R. os,
Fitchburg R.R. 4s, .
Old Colony R.R. 4£s,
Rumford Dalis & Rangeley Lakes
R.R. 5 s ,...........................................
Upper Coos R.R. 4£s,
Vermont & Massachusetts R R. 5s, .
Estimated
Market Value.
Amount Invested.
$14,000
5,000
5,000
$15,400 00
5,100 00
5,050 00
$14,000 00
5,000 00
5,000 00
15,000'
10,000
2,000
16,500 00
10,850 00
2,000 00
15,000 00
10,000 00
2,000 00
$51,000
$54,900 00
$51,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$17,488
9,000
119,785
85,000
Kate.
57
35
86
00
2 per cent.
3
H
“
4|
“
Amount.
$223,892
20,000
107,050
399,313
Rate.
45
00
00
42
5 per cent.
5|
“
“
6
“
Amount.
$3,440 00
5,944 93
300 00
Rate.
per cent.
7
8
Amount invested in real estate for banking purposes,..................................
Estimated value o f the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 408
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................432
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 9 0 2 , ...........................................
Times for the dividends fixed by the by-laws: April 10 and October 10;
payable on same days.
Rate and amount of each semi-annual dividend j 2 per cent,, $20,529 09 )
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
20,950 10 1
Number of accounts opened during the year ending Oct. 31, 1902,
. 394
Number of accounts closed during the year ending Oct. 31, 1902,
. 226
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,728
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 2,346
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1902............................................................................ ........
Number of s a m e , ............................................................................ 1,836
Date of examination by commissioner: March 25.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$27,225 17
27,215 67
20,300 00
44,530 55
42,740 00
513,362 11
53,899 10
41,479 19
3,042 65
179,634 71
140,653 82
No. 8.]
SAVINGS BANK COMMISSIONERS.
185
E L IO T F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated Feb. 4,1864.
Present number of corporators, 39.
J ohn Ca r r , President.
F r a n k E . G r a n g e r , Treasurer.
John F . N e w to n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
John Ca r r ,
G orham R ogers ,
G r een leae C. G eorge ,
Sa m u el B. H o pk in s ,
W il l ia m S. L e l a n d ,
G eorge E. B u l l a r d .
Open for business every business day except Saturdays, 9 a .m . to 3 p . m . ; Saturdays,
9 a . m . to 12 M.
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Taxes paid,
. . . .
Short and surplus account,
L ia b il it ie s .
$374,500
37,200
3,900
880,000
12,000
6,984
2,611,256
1,094,000
00
00
00
00
00
37
74
00
70,000
256,133
5,000
808
351
228
00
16
00
12
05
76
$5,352,362 20
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Tax account, .
Real estate income
account,
$5,123,930 72
177,521 49
1,720 35
42,828 69
6,200 00
160 95
$5,352,362 20
Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ....................................................................$141,026 56
National Bank of Redemption, B o s t o n , ...................................................
15,265 42
Peoples National Bank, B o s to n ....................................................................
104,841 18
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc..
REPORT OF THE
186
Eliot Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
10 shares
11 shares
5 shares
9 shares
National Exchange Bank, B o s t o n , .......................................... $1,000 00
Boylston National Bank, B o s t o n , ...........................................1
^ 000 00
New York, New Haven & Hartford R.R., .
.
.
•>
Peoples National Bank, B oston ,...................................................
900 00
Loan on Railroad Stock: —
62 shares Boston & Albany R . R . , ........................................................... $12,000 00'
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3s,
New Hampshire 6s, .
City of Bangor, Me., 6s, .
of Boston, Mass., 3£s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Fall River, Mass., 4$s,
of Fall River, Mass., 6s, .
of Gloucester, Mass., 3ès,
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Lynn, Mass., 5s, .
of Marlborough, Mass., 4s,
of Salem, Mass., 3ès,
of Springfield, Mass., 6s, .
$100,000
500
4,000
100,000
25,000
5,000
10,000
10,000
26,000
25,000
20,000
10,000
9,000
10,000
20,000
Estimated
Market Value.
$99,500
533
4,260
105,125
26,500
5,350
10,025
10,650
26,715
26,406
20,900
10,425
9,540
10,050
21,400
Amount Invested*
00 $100,000 00
75
500 00
4,000 00
00
00
100,000 00
25,000 00
00
5,000 00
00
10,000 00
00
10,000 00
00
00
26,000 00
25,000 00
25
00
20,000 00
00
10,000 00
00
9,000 00
00
10,000 00
20,000 00
00
$374,500 $387,380 00 $374,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
70 Atlas National Bank, Boston, .
10 Eliot National Bank, Boston, .
30 Merchants Nat’l Bank, Boston,
61 Mt. Vernon N’l Bank, Boston,
20 N’l B’k of Redemption, Boston,
171 Peoples National B’k, Boston,
10 Naumkeag N’l Bank, Salem, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$7,000
1,000
3,000
6,100
2,000
17,100
1,000
$37,200
Estimated
Market Value.
$8,050
1,660
5,730
6,222
3,400
20,520
1,280
00
00
00
00
00
00
00
$46,862 00
Amount Invested.
$7,000
1,000
3,000
6,100
2,000
17,100
1,000
00
00
00
00
00
00
00
$37,200 00
No. 8.]
187
SAYINGS BANK CO M M ISSIO N E D .
Eliot Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 3^s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3£s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Connecticut River R.R. 4s,
Erie & Pittsburgh R.R. 3£s,
Fitchburg R.R. 3£s, .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3^s, .
Maine Central R.R. 4£s, .
Newport & Richford R.R. 5s, .
New York & New England R.R.
(terminal) 4s,
. . .
Old Colony R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
$50,000
Estimated
Market Value.
Amount Invested.
$53,000 00
$50,000 00
11,000
50,000
50,000
75,000
25,000
25,000
50,000
50,000
25,000
25,000
25,000
25,000
25,000
25,000
100,000
50,000
22,000
12,100
50,625
52,625
75,937
28,312
26,875
49,250
54,000
28,375
28,500
25,250
25,312
27,375
21,250
98,500
54,125
23,430
00
00
00
50
50
00
00
00
00
00
00
50
00
00
00
00
00
11,000
50,000
50,000
75,000
25,000
25,000
50,000
50,000
25,000
25,000
25,000
25,000
25,000
25,000
100,000
50,000
22,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
25,000
85,000
37,000
25,000
30,000
94,150
37,000
25,775
00
00
00
00
25,000
85,000
37,000
25,000
00
00
00
00
$880,000 $921,767 50 $880,000 00
*
A legal investment when made.
Total Amount of Loans, with Each Specified Rate of Interest.
Rate.
Amount.
$256,133
16,000
20,000
50.000
95.000
16
00
00
00
00
2 per cent.
3è
“
3|
“
m
3|
“
“
Rate.
Amount.
$50,000
100,000
1,750,800
252,500
896,199
00
00
00
00
42
3.87 per cent.
3&
4
41
H
“
Rate.
Amount.
$500,957
51,500
1,300
6,900
32
00
00
00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1902,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 249
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................531
Amount of investments from which no income is received,
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5 per cent.
54
“
H
“
6
$6,984 37
8,500 00
419 18
440,231 74
5,000 00
REPORT OF THE
188
[Pub. Doc.
Eliot Five Cents Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................ $209,426 58
Times for the dividends fixed by the by-laws : second Wednesday in April
and October; payable the Thursday next following.
Rate and amount of each semi-annual dividend J If per cent., $80,329 80 |
55
during the year ending Oct. 31, 1902, .
. i 1| per cent., 83,242 76 )
’
Number of accounts opened during the year ending Oct. 31, 1902,
2,236
Number of accounts closed during the year ending Oct. 31, 1902,
1,304
Total number of open accounts Oct. 31,1902,
.
. . .
14,735
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
13,806 85
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,..................................................................................... 1,031,884 58
Number of s a m e , ................................................................................... 16,871
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , .............................................................................................
846,737 54
Number of s a m e , ....................................................................................12,200
Date of examination by commissioner: March 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
189
E S S E X S A V IN G S B A N K — L A W R E N C E .
Incorporated March 15, 1847.
Present number of corporators, 25.
J oseph S hattuck , President.
A lber t I. C ouch , Treasurer.
A lber t I. C ouch , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Joseph S h at tu ck ,
H e n r y K. W ebster ,
Sa m u e l W h it e ,
W a l t e r E. P a r k e r ,
Open for business every business day, 9 a .m . to 1 p .m . ; also Saturdays, 2 to 4 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, . $1,116,000 00
Bank stock, as per schedule,
201,800 00
Loans on bank stock,
5,950 00
1,085,000 00
Railroad bonds, as per schedule,
Loan on railroad stock,
100,000 00
Real estate (for banking pur
20,000 00
poses), ..................................
20,500 00
Real estate by foreclosure,
4,275,820 00
Loans on real estate, .
2,317,600 00
Loans on personal security,
Loans to counties, cities or towns
156,500 00
( n o t e s ) ,..................................
47,192 80
Deposits in banks, on interest, .
11,789 35
Cash on hand, . . . .
$9,358,152 15
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$8,532,890 39
425.000 00
100,261 76
300.000 00
$9,358,152 15
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
Winthrop National Bank, Boston,
Lawrence National Bank, Lawrence, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,229 26
16,963 54
20,000 00
190
REPORT OF THE
[Pub. Doc.
Essex Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
20 shares Merchants National Bank, Lawrence,
6 shares Merchants National Bank, Lawrence,
4 shares Merchants National Bank, Lawrence,
35 shares Merchants National Bank, Lawrence,
6 shares Andover National Bank, Andover,
.
$1,600 00
500 00
350 00
.
.
3,500 00
.
Loan on Railroad Stock: —
1,000 shares Boston & Maine R . R . , ...........................................
$ 100,000 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
City of Boston, Mass., 3js,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 5 s,.
of Fail River, Mass., 3£s,
of Fall River, Mass., 6s, .
of Holyoke, Mass , 4s,
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 3s, .
of Lawrence, Mass , 4s, .
of Newton, Mass., 4s,
of Newton, Mass., 5s,
Estimated
Market Value.
Amount Invested.
$100,000 $108,500 00 $100,000 00
200,000 00
212,500 00
200,000
24,000
24,680 00
24,000 00
135,000 00
135,000
145,125 00
5,000
5,000 00
5,000 00
52,250 00
50,000 00
50,000
25,000 00
25,000
25,625 00
52,250 00
50,000 00
50,000
220,000 00
200,000 00
200,000
9,000 00
9,000
9,000 00
202,000 00
202,000
213,960 00
112,000 00
100,000 00
100,000
16,880 00
16,000 00
16,000
11,116,000 $1,197,770 00 $1,116,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
40
130
6
20
80
60
40
200
46
75
250
195
130
ICO
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants Nat’l Bank, Boston,
Mt Vernon Nat’l B’k, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,000
13,000
138
-
8,000
600
4,000
20,000
4,600
7,500
25,000
19,500
-
10,000
Estimated
Market Value.
$5,200
14,950
36
100
13,280
300
5,160
38,200
4,692
11,250
40,000
33,150
130
23,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$4,000 00
13,000 00
-
8,000 00
-
4,000
20,000
4,600
7,500
25,000
19,500
00
00
00
00
00
00
-
10,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
191
Essex Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
52
10
166
109
50
300
300
Par Value.
National Suffolk Bank, Boston,
National Union Bank, Boston,
Nat’i Webster Bank, Boston, .
State National Bank, Boston, .
Tremont Nat’i Bank, Boston, .
Bay State Nat’i B’k, Lawrence,
Lawrence Nat’i B’k, Lawrence,
$5,200
1,000
16,600
10,900
2,500
22,500
30,000
$205,038
Estimated
Market Value.
$6,916
1,700
19,588
16,568
250
34,500
34,500
Amount Invested.
00
00
00
00
00
00
00
$5,200
1,000
16,600
10,900
00
00
00
00
—
22,500 00
30,000 00
$303,970 00 $201,800 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R R. 4s,
Boston & Lowell R.R. 4£s,
Boston & Maine R.R. 4¿s,
Chicago & Northwestern R.R 7s, .
Cleveland & Pittsburgh R.R. 4¿s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R R. 5s, .
Maine Central R.R. 4s,
Milwaukee, Lake Shore & Western
R.R.5s, ...........................................
New London Northern R.R. 5s,
New York, Lackawanna & Western
R.R. 6s.............................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Worcester, Nashua & Roch. R.R. 4s,
$50,000
50,000
50,000
50,000
75,000
200,000
100,000
100,000
100,000
Estimated
Market Value.
$51,000
50,000
62,500
67,250
93,750
217,000
109,000
107,750
105,000
Amount Invested.
00
00
00
00
00
00
00
00
00
$50,000
50,000
50,000
50,000
75,000
200,000
100,000
100,000
100,000
00
00
00
00
00
00
00
00
00
50,000
40,000
62,250 00
44,000 00
50,000 00
40,000 00
100,000
132,000 00
100,000 00
100,000
20,000
115,000 00
20,200 00
100,000 00
20,000 00
$1,085,000 $1,236,700 00 $1,085,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$47,192
187.000
3.500
100.000
80
00
00
00
Kate.
Amount.
Kate.
24 per cent.
$1,927,650 00
692,000 00
1,225,400 00
114,500 00
4 per cent.
4j
“
44
“
4§
34
“
3J
“
3|
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$50,000
2,382,970
7,950
164,900
Rate.
00
00
00
00
4£ per cent.
5
“
%
“
6
«
192
REPORT OF THE
[Pub. Doc.
Essex Savings Bank — Concluded.
$20,000 00
Amount invested in real estate for banking purposes,
. . . .
30,000 00
Estimated value of the s a m e , ....................................................................
33,325 00
Assessed value of the s a m e ,............................................................................
846 82
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
20,500 00
o th e rw is e ,......................................................................................................
24,400 00
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
237 77
Number of loans which are of an amount not exceeding $3,000 each, 638
880,500 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................909
Gross amount of interest or profits received or earned, as per books,
during year ending Oct 31, 1 9 0 2 , ...........................................................
406,298 28
Times for the dividends fixed by the by-laws : third Wednesday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $155,134 88
314,335 17
during the year ending Oct. 31,. 1902,
.
I 2 per cent., 159,200 29
Number of accounts opened during the year ending Oct. 31, 1902,
5,243
Number of accounts closed during the year ending Oct. 31, 1902,
4,010
Total number of open accounts Oct. 31, 1902,
.
.
.
.
23,427
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
12,833 18
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902........................................................................................ 2,108,511 46
Number of s a m e , ............................................................................
36,052
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ............................................................................................. 1,952,673 78
Number of s a m e , ............................................................................ 18,182
Date of examination by commissioner: February 25.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
J
No. 8.]
193
SAVINGS BANK COMMISSIONERS.
E V E R E T T S A V IN G S B A N K — E V E R E T T .
Incorporated March 1, 1889. Present number of corporators, 33.
S a m u e l P. Ca n n e l l , Treasurer.
e a z ie , Clerk o f the Corporation.
J am es P. S t e w a r t , President.
H e n r y K. Y
Names of committee charged with the investment of its funds :
Sa m u e l P. Ca n n e l l ,
D a n ie l B. F e ssen d en ,
W oodbury A. H a m ,
N a t h a n ie l J. M e a d ,
G eorge W . P l a is t e d .
Open for business every business day, 2 to 4 p .m . ; also Saturdays, 7.30 to 8.30 p .m .
B alance
Sh e e t
O c t . 31, 1902.
A ssets.
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest.
Cash on hand, . . .
.
L ia b il it ie s .
$10,000 00
252,550 00
35,000 00
90,643
22,462
111
2,193
Deposits, .
Guaranty fund,
Interest account,
: Profit and loss ac
00
count, .
66
42
45
$412,960 53
$401,948 24
6,500 00
971 53
3,540 76-
$412,960 53:
Cash on Deposit in Banks, amount in each : —
National Security Bank, B o s t o n , ........................................................... $5,030 39
Winthrop National Bank, B o s t o n , ............................................................
2,462 66
4,012 59
Mercantile Trust Company, B o s to n ,...........................................................
First National Bank, C h e l s e a ,....................................................................
4,01136
Winnisimmet National Bank, C h e l s e a , ...................................................
2,05172
First National Bank, Malden,
. . .
.
.
.
.
.
5,005 36.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
Estimated
Market Value.
Amount Invested.
$10,000 00
$10,000 00
194
REPORT OF THE
[Pub. Doc.
Everett Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rale o f Interest.
Amount.
$12,462
10,000
2,500
22,193
Rate.
66
00
00
00
2 per cent.
2i
“
3^
“
3J
“
Amount.
$75,850 00
36,600 00
15,000 00
Rate.
Amount.
Rate.
4 per cent.
4A
“
4|
$146,400 00
25,100 00
54,550 00
5 per cent.
5i
“
6
Number of loans which are of an amount not exceeding $3,000 each, 120
Aggregate amount of the s a m e , .................................................................... $191,700
Total number of loans upon real e s t a t e , ...........................................118
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 1, 1 9 0 2 , ...........................................................
17,618
Times for the dividends fixed by the by-laws: second Wednesday in
April and October; payable on day following.
Rate and amount of each semi-annual dividend f 1| per cent., $5,902 93 1
12,136
during the year ending Oct. 31, 1902,
.
I 1| per cent.,
6,233 21 i
Number of accounts opened during the year ending Oct. 31, 1902, . 538
Number of accounts closed during the year ending Oct. 31,1902,
. 281
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,507
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
1,701
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
165,364
Number of s a m e , .............................................................................4,080
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
133,544
Number of s a m e , .............................................................................2,347
Date of examination by commissioner: January 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
85
14
57
98
57
No. 8.]
SAYINGS BANK COMMISSIONERS.
195
F A IR H A V E N IN S T IT U T IO N FOR S A V IN G S — F A IR H A V E N .
Incorporated Feb. 10, 1832.
Present number of corporators, 34.
C yr u s D . H unt , President.
C h ar les H. M orton , Treasurer.
C har les H. M orton , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
L e v i M. S n o w ,
C yr us D. H u n t ,
J ohn B. H u sse y ,
T homas A . T r ip p ,
Joseph P ettee , Jr.
Open for business every business day, 9 a . m . to 1 p . m
Balance
Sh ee t
O c t . 31, 1902.
L ia b il it ie s .
ASSETS.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,. . . .
Cash on hand, .
.
•
.
$9,000
39,780
600
47,260
00
00
00
00
4,500
1,000
330,670
52,150
28,099
4,000
4
31
00
00
63
00
97
00
80
99
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$517,097 39
$503,881 31
9,012 00
124 27
4,079 81
$517,097 39
Cash on Deposit in Bank: —
National Bank of Fairhaven, F a irh a v en ,................................................... $32,099 97*
Loans on Bank Stock, amount on each : —
5 shares National Bank of Fairhaven, F a ir h a v e n ,..................................
9 shares National Bank of Fairhaven, F a ir h a v e n ,..................................
* This deposit has since been reduced within the legal limit.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$300 00
300 00
[Pub. Doc
REPORT OF THE
196
Fairhaven Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Par Value.
Town of Watertown, Mass., 3£s,
$9,000
Estimated
Market Value.
$9,056 25
Amount Invested.
$9,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
Eliot National Bank, Boston, .
N’l B’kofthe Republic, Boston,
State National Bank, Boston, .
National Bank of Fairhaven,
Fairhaven, .
.
.
.
90 First N’l Bank, New Bedford,
68 Mechanics National Bank, New
Bedford,
.
.
.
.
13 Merchants National Bank, New
Bedford,
.
.
.
.
50
60
22
158
Par Value.
Estimated
Market Value.
$5,000
6,000
2,200
$8,300 00
9,600 00
3,344 00
$5,000 00
6,000 00
2.200 00
12,640
9,000
11,060 00
11,610 00
9,480 00
9,000 00
6,800
9,996 00
6,800 00
1,300
2,574 00
1,300 00
$42,940
$56,484 00
$39,780 00
Amount Invested.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R R. 4s,
Chic., Burlington & Quincy R.R. 7s, .
Concord & Montreal R.R 4s, .
Fitchburg R.R, 3£s, .
.
.
.
Illinois Central R.R. 3£s,.
New York, New Haven & Hartford
R R. 3és,
..................................
$10,000
4,000
3,000
10,000
10,000
Estimated
Market Value.
$10,525
4,050
3,240
10,125
9,850
00
00
00
00
00
Amount Invested.
$10,000
4,135
3,000
10,125
10,000
00
00
00
00
00
10,000
10,200 00
10,000 00
$47,000
$47,990 00
$47,260 00
Total Amount of Loans, with Each Specified Rate of Interest.
Rate.
Amount.
Rate.
2 per cent.
4è
“
$183,780 77
71,154 97
5 per cent.
5¿
“
Amount.
$28,099 97
30,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$97,984 89
500 00
Rate.
6 per cent.
6i
“
No. 8.]
SAVINGS BANK COMMISSIONERS.
197
Fairhaven Institution for Savings — Concluded.
Amount invested in real estate for banking purposes,.................................. $4,500 00
Estimated value of the s a m e , ....................................................................
6,000 00
Assessed value of the same.............................................. ........
3,800 00
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,....................................................................................
1,000
00
Assessed value of the s a m e ,...........................................................
4,000
00
Number of loans which are of an amount not exceeding $3,000 each, 212
Aggregate amount of the s a m e , ....................................................................
196,997 44
Total number of loans upon real e s t a t e , .......................................... 235
Amount of investments from which no income isreceived,
.
.
.
18,657 27
Gross amount of interest or profits received orearned, as perbooks,
during year ending Oct. 31, 1 9 0 2 , ..........................................
22,335
60
Times for the dividends fixed by the by-laws: last Monday in April and
October; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $7,822 93 1
qqduring the year ending Oct. 31, 1902,
.
i
per cent.,
8,184 79)
’
Number of accounts opened during the year ending Oct. 31, 1902, . 169
Number of accounts closed during the year ending Oct. 31, 1902,
. 89
Total number of open accounts Oct. 31, 1 9 0 2 , .................................. 978
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,602 88
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
102,132 17
Number of s a m e , .....................................................................................620
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
73,545 81
Number of s a m e , .....................................................................................651
Date of examination by commissioner: September 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
198
[Pub. Doc
F A L L R IV E R S A V IN G S B A N K — F A L L RIVER.
Incorporated March 11, 1828. Present number of corporators, 122.
T homas J. B o r d en , President.
C h ar les A . B assett , Treasurer.
N e w to n R . E a r l , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C h ar le s A . B assett ,
R obert H e n r y ,
C h ar les M. A l l e n ,
H e n r y C. H a w k in s ,
D a v id J. B u r d ic k .
Open for business every business day, 9 a
Balance
Sheet
O ct.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Deposits in banks not on interest,
Expense account,
Cash on hand, .
.
.
.
.m .
to 2 p . m
.
31, 1902.
L ia b il it ie s .
$414,000
563,300
5.000
1,100,000
100,000
00
00
00
00
00
40,000
26,500
3,210,201
2,459,250
00
00
00
00
120,000
64,149
5.000
1,316
8,761
00
49
00
53
08
$8,117,478 10
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
D u e on mortgage
loans, .
$7,651,555 96
381,000 00
62,823 14
17,850 00
4,249 00
$8,117,478 10
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
Fall River National Bank, Fall River,
Massasoit National Bank, Fall River,
$45,149 49
4,000 00
20,000 00
Loan on Bank Stock : —
64 shares Fall River National Bank, Fall River............................................$5,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS
199
Pall River Savings Bank — Continued.
Detailed Statement o f Public Funds.
1
City of
of
of
of
of
of
of
of
Par Value.
Boston, Mass., 4s,
Cambridge, Mass., 4s,
Chicago, 111., 4s, .
Fall River, Mass., 5s,
Fall River, Mass., 6s,
Lynn, Mass., 4s, .
Waltham, Mass., 4s,
Worcester, Mass., 4s,
.
.
.
.
.
Estimated
Market Value.
Amount Invested.
$200,000 $220,000 00 $200,000 00
80,000 00
84.000 00
80,000
53.000 00
50.000
50.000 00
14.040 00
13.000
13.000 00
32.040 00
30.000
30.000 00
10,800 00
10.000
10.000 00
6,120 00
6,000
6,000 00
25,000 00
27,500 00
25,000
$414,000 $447,500 00 $414,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
150 Eliot National Bank, Boston, .
400 Faneuil Hall N’l Bank, Boston,
330 First National Bank, Boston, .
160 Merchants Nat’l Bank, Boston,
171 N’l B’k of Commerce, Boston,
110 N’l B’k of Redemption, Boston,
450 Nat’l Shawmut Bank, Boston,.
232 Second National Bank, Boston,
85 State National Bank, Boston, .
100 First National Bank, Chelsea,.
715 Fall River N’l B’k, Fall River,
50 First Nat’l Bank, Fall River, .
650 Massasoit N’l B’k, Fall River,
935 Metacomet N’l B’k, Fall River,
150 Second Nat’l Bank, Fall River,
500 First N’l Bank, New Bedford,
220 Merchants National Bank, New
Bedford,
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$15,000
40,000
33,000
16,000
17,100
11,000
45,000
23,200
8,500
10,000
71,500
5,000
65,000
93,500
15,000
50,000
22,000
Estimated
Market Value.
$24,900
54,800
58,410
30,560
25,650
18,700
105,750
43,848
12,920
10,000
82,940
7,500
107,250
114,070
23,250
64,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
43,560 00
Amount Invested.
$15,000
40,000
33,000
16,000
17,100
11,000
67,500
23,200
8,500
10,000
71,500
5,000
65,000
93,500
15,000
50,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
22,000 00
$540,800 $828,608 00 $563,300 00
200
[Pub. Doc.
REPORT OF THE
Fall River Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Estimated
Market Value.
Amount Invested
$70,000
30,000
$75,600 00
33,300 00
$70,000 00
30,000 00
70,000
25,000
15,000
130,000
2,000
25,000
23,000
46,000
78,000
77,000
25,500
15,600
139,100
2,200
27,250
23,230
53,590
86,580
70,000
25,000
15(000
130,000
2,000
25,000
23,000
46,000
78,000
Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
.
.
.
Boston & Lowell R.R. 4s,
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Claremont R.R. 4és,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 4s, .
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York Central & Hudson River
R.R. 5s.............................................
New York, Lackawanna & Western
R.R. 6 s ,...........................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
Old Colony R R. 44s,
Portland & Ogdensburg R.R. 5s,
Worcester, Nashua & Roch. R.R. 4s,
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
15,000
15,750 00
15,000 00
15,000
15,300 00
15,000 00
100,000
134,000 00
100,000 00
156,000
150,000
50,000
50,000
50,000
178,650
167,500
51,250
54,500
53,000
156,000
150,000
50,000
50,'000
50,000
00
00
00
00
00
00
00
00
00
00
$1,100,000 $1,228,900 00 $1,100,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 34s,
.<
$100,000
Estimated
Market Value.
Amount Invested.
$115,500 00 $100,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$ 4 9 ,1 4 9
1 5 .0 0 0
2 5 .0 0 0
3 5 .0 0 0
8 5 .0 0 0
R ate.
49
00
00
00
00
2
3
per cent.
34
8*
3|
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
“
“
Amount.
$ 4 2 5 ,0 0 0
7 5 ,0 0 0
3 2 5 ,0 0 0
1 ,0 5 3 ,8 0 0
R ate.
00
00
00
00
4
44
4i
44
per cent.
“
»
Amount.
$ 2 3 5 ,0 0 0
1 ,8 2 1 ,0 6 1
1 ,7 1 4 ,3 4 0
250
R ate.
00
00
00
00
4f per cent.
5
“
54
“
6
No. 8.]
SAVINGS BANK COMMISSIONERS.
201
Fall River Savings Bank — Concluded.
Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the s a m e , ....................................................................
Assessed value of the same................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding f 3,000 each, 1,023
Aggregate amount of the same.........................................................................
Total number of loans upon real e s t a t e , .................................. 1,333
Amount of investments from which no income is received,
Times for the dividends fixed by the by-laws: first Monday in April and
October; payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $144,099 98
during the year ending Oct. 31, 1902,
.
i 2 per cent., 145,818 40
Number of accounts opened during the year ending Oct. 31, 1902,
2,635
Number of accounts closed during the year ending Oct. 31, 1902,
1,884
Total number of open accounts Oct. 31, 1902,
. . .
.
15,963
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2,.....................................................................................
Number of s a m e , .................................. ..........................................19,137
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , .............................................................................12,407
Date of examination by commissioner: October 20, 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$40,000 00
40.000 00
40.000 00
26.500 00
29,100 00
1,467,088 00
26.500 00
• 289,918 38
17,686 23
1,139,970 13
1,147,316 11
202
[Pub. Doc.
REPORT OF THE
P A L L R IV E R F IV E CENTS S A V IN G S B A N K — P A L L
R IV E R .
Incorporated April 10, 1855.
Present number of corporators, 22.
L eontine L in co l n , President.
C h ar les J. H o lm es , Treasurer.
L eonard N. S l a d e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
C h ar les S. W a r in g ,
E d w a r d B. J e n n in g s ,
L eontine L in co l n ,
A b n er P. D a v o l ,
H. B. D u r e e e .
Open for business every business day, 9 a . m . to 2 p . m .
B a l a n c e S h e e t Oct. 31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Miscellaneous stocks and bonds,*
Taxes paid,
.
.
.
.
Cash on hand, . . . .
$147,000 00
332.000 00
916.000 00
45.000
78.367
2,289,417
1,009,950
00
30
51
00
18.000
63,195
21,796
150
22,547
00
40
78
00
22
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
Due on mortgage
loans, .
$4,943,424 21
$4,611,709 49
171,000 00
101,105 46
29,334 25
24,428 16
5,846 85
$4,943,424 21
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
National Exchange Bank, B o s t o n , ............................................................$24,610 47
National Shawmut Bank, B o s t o n , ...........................................................
6,738 33
Second National Bank, Fall River..................................................................
31,846 60
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
203
SAYINGS BANK COMMISSIONERS.
Fall River Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Brockton, Mass., 3£s, .
of Chicago, 111., 4s, .
of Everett, Mass., 4s,
of Lynn, Mass., 4s, .
of Medford, Mass., 4s,
$15,000
50.000
25.000
25.000
32.000
Estimated
Market Value.
$15,600
54.000
27,375
26,250
36.000
00
00
00
00
00
Amount Invested.
$15,000
50.000
25.000
25.000
32.000
00
00
00
00
00
$147,000 $159,225 00 $147,000 00
Ko. of
Shares.
Detailed Statement o f Bank Stocks.
50
600
150
100
50
205
100
35
500
100
150
200
20
129
200
70
350
40
100
36
412
50
100
10
13
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
FaneuilHall Nat’l B’k, Boston,
First National Bank, Boston, .
Metropolitan N’l B’k, Boston,
Monument N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston,.
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Third National Bank, Boston,.
Winthrop Nat’l Bank, Boston,
First National Bank, Chelsea,
Dedham Nat’l Bank, Dedham,
Metacomet N’l B’k, Fall River,
Nat’l Union Bank, Fall River,
Second Nat’l Bank, Fall River,
Leominster National Bank,
Leominster, .
.
.
.
First National Bank, Malden,.
Oxford Nat’ l Bank, Oxford, .
Palmer National B’k, Palmer,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
7,000
35,000
4,000
10,000
3,600
41,200
$6,500
69,000
900
13,700
8,850
21,935
19,100
5,250
85,000
100
22,800
47,000
2,360
19,608
4,400
11,900
35,000
4,400
12,200
4,032
63,860
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
5,000
10,000
1,000
1,300
6,000
15,800
1,000
1,300
00
00
00
00
$5,000
60,000
3,450
10,000
5,000
20,500
10,000
3,500
50,000
-
15,000
20,000
2,000
12,900
-
Amount Invested.
$5,000 00
60,000 00
-
10,000
5,000
20,500
10,000
3,500
50,000
00
00
00
00
00
00
-
15,000
20,000
2,000
12,900
00
00
00
00
-
7,000
35,000
4,000
10,000
3,600
41,200
00
00
00
00
00
00
5,000
10,000
1,000
1,300
00
00
00
00
$335,450 $481,995 00 $332,000 00
[Pub. Doc.
REPORT OF THE
204
Pall River Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R, 4s,
Chic., Burlington & Quincy R.R. 5s,
Chicago & Northwestern R.R. 7s, .
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 3às,
.
.
.
.
Fitchburg R R. 4s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3 és,.
Illinois Central R R. 4s, .
Kalamazoo & White Pigeon R.R. 5s,
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Mahoning Coal R.R. 5s, .
Maine Central R.R. 4£s, .
Menominee River R.R. 7s,
Milwaukee, Lake Shore & Western
R.R. 5s,
.
.
.
.
.
Minnesota Valley R.R. 7s,
New York, Lackawanna & Western
R.R. 6s, .
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Estimated
Market Value.
Amount Invested.
$20,000
25,000
101,000
20,000
18,000
5,000
50,000
10,000
50,000
75,000
21,000
$20,800
26,250
113,120
24,800
20,340
5,400
55,000
11,600
49,500
83,000
27,300
00
00
00
00
00
00
00
00
00
00
00
$20,000
25,000
101,000
20,000
18,000
5,000
50,000
10,000
50,000
75,000
21,000
00
00
00.
00
00
00
00
00
00
00
00
50,000
25,000
75,000
5,000
56,500
31,500
81,000
5,600
00
00
00
00
50,000
25,000
75,000
5,000
00
00
00
00
100,000
6,000
123,000 00
7,020 00
100,000 00
6,000 00
100,000
10,000
50,000
133,000 00
10,600 00
56,000 00
100,000 00
10,000 00
50,000 00
100,000
130,000 00
100,000 00
$916,000 $1,071,330 00 $916,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest
Hate.
Amount.
$63,195
18,000
125,000
75,000
40
00
00
00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2 per cent.
H
4
“
4è
Amount.
$100,000
446,200
120,000
1,206,114
00
00
00
00
Kate.
Amount.
Rate.
41 per cent.
H
“
43
“
5
“
$1,149,303 51
77,750 00
5£ per cent.
6
No. 8.]
SAVINGS BANK COMMISSIONERS.
205
Fall River Five Cents Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................. $45,000 00
Estimated value of the s a m e , ....................................................................
68,500 00
Assessed value of the s a m e ,............................................................................
68 500 00
Net income received from same duringyear ending Oct. 31, 1902,
.
.
1,227 74
Value, by books, of other real estate, held or owned by foreclosure or
otherwise.........................................................................................................
78,367 30
Assessed value of the s a m e ,...........................................................................
90,937 50
Net income received from same duringthe year endingOct. 31,1902,
.
2,325 00
Number of loans which are of an amount not exceeding $3,000 each, 535
Aggregate amount of the s a m e , ....................................................................
819,177 69
Total number of loans upon real e s t a t e , ...........................................748
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................
239,336 65
Times for the dividends fixed by the by-laws : first Monday in June and
December; payable on the second Monday of June and December.
Rate and amount of each semi-annual dividend r 2 per cent., $84,085 51 [
during the year ending Oct. 31, 1902,
.
j 2 per cent.,
85,916 40 1
’
Number of accounts opened during the year ending Oct. 31, 1902,
2,978
Number of accounts closed during the year ending Oct. 31, 1902,
1,787
Total number of open accounts Oct. 31, 1902,
. . . .
17,598
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
11,905 58
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
939,130 87
Number of s a m e , ............................................................................
28,223
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
893,291 20
Number of s a m e , ............................................................................ 12,973
Date of examination by commissioner : February 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
206
[Pub. Doc
F A R M E R S ’ A N D M E C H A N IC S ’ S A V IN G S B A N K — SOUTH
F R A M IN G H A M .
Incorporated April 23, 1883.
Present number of corporators, 26.
G eorge E. C u t l e r , Treasurer.
"W il l a r d H o w e , President.
S. G. D a v e n po r t , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
G eorge E. C u tl er ,
A. R. N e w t o n ,
C. D. L e w i s ,
J. T. W h it n e y ,
H. L. Sa w y e r ,
S. A. P h il l ip s .
Open for business every business day except Saturdays, 9 a . m . to 3 p . m ; Saturdays,
9 a .m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Bank stock, as per schedule,
Loan on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Furniture account,
Cash on hand, . . .
.
$20,181
500
45,000
100
42,994
459,959
269,128
50
00
00
00
74
00
00
5,000
1,560
17,037
1,040
3,799
00
00
39
00
87
$866,300 50
Deposits, .
Guaranty fund,
Interest account,
Cemetery funds,
Insurance,
$814,973
23,900
26,758
636
30
75
00
90
95
90
$866,300 50
Cash on Deposit in Banks, amount in each : —
Framingham National Bank, South F ra m in g h a m ,.................................. $13,037 39
Puritan Trust Company, B o s t o n , ............................................................
4,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
207
SAYINGS BANK COMMISSIONERS.
Farmers’ and Mechanics’ Savings Bank — Continued.
Loan on Bank Stock : —
5 shares Framingham National Bank, South Framingham,
.
.
.
$500 00
$100 Maine Central R.R. 7 s , ....................................................................
$100 00
Loan on Railroad Bonds : —
No. of
Shares.
Detailed Statement o f Bank Stocks.
21
16
6
9
5
9
100
10
Par Value.
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Second National Bank, Boston,
First National Bank, Chelsea,
Northborough National Bank,
Northborough,
Framingham National Bank,
South Framingham,
First N’l Bank, West Newton,
$1,600
600
900
500
Estimated
Market Value.
Amount Invested.
$105
2,656
660
1,701
500
$5
2,084
551
1,358
650
00
00
00
00
00
25
00
00
25
00
900
1,035 00
1,134 00
10,000
1,000
16,000 00
1,000 00
13,399 00
1,000 00
$15,500
$23,657 00
$20,181 50
Detailed Statement o f Railroad Bonds.
Par Value.
Estimated
Market Value.
$5,000
25,000
$5,350 00
24,375 00
$5,000 00
25,000 00
5,000
5,000 00
5,000 00
10,000
10,300 00
10,000 00
$45,000
$45,025 00
$45,000 00
Albany & Susquehanna R.R. 6s,
Chic., Burlington & Quincy R.R. 3¿s,
New York Central & Hudson River
R.R. 7 s ,...........................................
New York, New Haven & Hartford
R.R. S i s , ..................................
Amount Invested.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$13,037 39
4,000 00
45,000 00
Rate.
2 per cent.
3
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
Amount.
$45,500 00
45,000 00
455,049 00
4J per cent.
5*
“
Amount.
$17,000 00
128,698 00
Rate.
5¿ per cent.
6
“
208
REPORT OF THE
[Pub. Doc.
Farmers’ and Mechanics’ Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$42,994 74
Assessed value of the same, .
.
............................................................
45,200 00
Net income received from same during year ending Oct. 31, 1902,
.
.
559 55
Number of loans which are of an amount not exceeding $3,000 each, 233
Aggregate amount of the s a m e , ....................................................................
280,209 00
Total number of loans upon real e s t a t e , .................................. ........ 263
Amount of investments from which no income is received,
.
.
.
2,960 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
38,268 19
Times for the dividends fixed by the by-laws : first Tuesday in April and
October; payable third Tuesday in April and October.
Rate and amount of each semi-annual dividend f I f per cent., $13,310 29 ) gg gg^ ^1
during the year ending Oct. 31, 1902,
.
I I f per cent., 13,340 82 1
Number of accounts opened during the year ending Oct. 31, 1902, . 484
Number of accounts closed during the year ending Oct. 31,1902,
. 274
Total number of open accounts Oct. 31, 1902,
.
. . .
3,096
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of t a x e s ) , .....................................................................................
3,282 96
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
165.202 50
Number of s a m e , ..................................................................................... 3,105
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ............................................................................................. '.
170,22470
Number of s a m e , ..................................................................................... 2,550
Date of examination by commissioner: January 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
209
F IT C H B U R G S A V IN G S B A N K — F ITC H B U R G .
Incorporated Feb. 12, 1846.
C h ar les E . W
Present number of corporators, 36.
B r ig h a m N . B u ll o ck , Treasurer.
E b e ne ze r B a il e y , Clerk o f the Corporation.
are,
President.
Names of committee charged with the investment of its funds :
C h ar les E . W a r e ,
H e n r y G. M orse ,
R odney W allac e,
Ca r m i M . P a r k e r ,
R ueben R . C onn .
Open for business every business day except Saturdays, 8.45
9 a . m . to 12 M .
a
.m .
to 3 p . m . ; Saturdays,
B a l a n c e S h e e t O ct . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, .
.
.
.
L ia b il it ie s .
$243,662
139,500
2,200
550.000
56.000
50
00
00
00
00
130.000
11.000
1,938,155
1,289,050
00
00
00
00
189.000
88,692
5,000
4,527
00
74
00
07
$4,646,787 31
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$4,352,744 79
196,000 00
76,178 30
21,650 08
214 14
$4,646,787 31
Cash on Deposit in Banks, amount in each : —
Merchants National Bank, B o s t o n , ........................................................... $34,813 53
Fitchburg National Bank, F i t c h b u r g , ...................................................
13,879 21
Safety Fund National Bank, F it c h b u r g ,...................................................
20,000 00
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
25,000 Od
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
210
REPORT OF THE
[Pub. Doc
Fitchburg Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
2 shares Fitchburg National Bank, Fitchburg,...........................................
15 shares First National Bank, G a r d n e r ,...................................................
3 shares Westminster National Bank, G a r d n e r , .................................. >
4 shares Home National Bank, H o ly o k e ,...................................................>
$200 00
1,500 00
^ qq
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
City of Fitchburg, Mass., 3^s,.
of Fitchburg, Mass., 4s, .
of Keene, N. H., 3£s,
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of New Bedford, Mass., 4s,
of Norwich, Conn., 7s,
of Portland, Me., 6s,
of Saginaw, Mich., 4s,
of Saginaw, Mich., 5s,
Turner’s i^alls, Mass. (Fire Dis
trict), 4s,
...................................
$50,000
50,000
32,000
12,000
22,000
6,000
25,000
17,000
5,000
5,000
3,000
17,000
Estimated
Market Value.
$52,800
51,062
34,562
12,175
22,000
6,000
25,875
18,615
5,575
5,000
3,000
00
50
50
00
00
00
00
00
00
00
00
17,872 50
Amount Invested.
$50,000
50,000
32,000
12,000
22,000
6,000
25,000
17,000
4,662
5,000
3,000
00
00
00
00
00
00
00
00
50
00
00
17,000 00
$244,000 $254,537 50 $243,662 50
No. of
Shares.
Detailed Statement o f Bank Stocks.
60
100
166
225
200
40
225
123
170
5
67
50
30
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
Nat’l Shawmut Bank, Boston,
State National Bank, Boston, .
Fitchburg N’l B’k, Fitchburg,.
Rollstone N’ l B’k, Fitchburg, .
Safety Fund N’l B’k, Fitchburg,
Townsend N’l B’k, Townsend,
Crocker Nat’l Bank, Turner’s
F a l l s , ..................................
City Nat’l Bank, Worcester, .
Quinsigamond National Bank,
Worcester, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,000
10,000
1,660
22,500
20,000
4,000
22,500
12,300
17,000
500
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
$6,000 00
10,000 00
6,700
5,000
9,380 00
5,500 00
6,700 00
5,000 00
3,000
3,900 00
3,000 00
$131,160
$7,800
11,500
830
42,975
47,000
6,080
31,950
16,605
17,000
550
_
22,500
30,000
4,000
22,500
12,300
17,000
500
00
00
00
00
00
00
00
$201,070 00 $139,500 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
211
Fitchburg Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 7s,.
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, •
Fitchburg R.R 4£s, .
.
.
.
Fitchburg R R 5s, .
Illinois Central R.R. 3às,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 4s,
New York Central & Hudson River
R R 4 s ,...........................................
New York, New Haven & Hartford
R.R. 3 ^ s , ..................................
Old Colony R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
$28,000
25,000
176,000
30,000
104,000
25,000
Estimated
Market Value.
$28,420
27,062
186,995
33,000
105,600
24,750
00
50
00
00
00
00
Amount Invested.
$28,000
27,000
180,000
30,000
104,000
25,000
00
00
00
00
00
00
25,000
25,000
28,250 00
26,062 50
28,000 00
25,000 00
12,000
12,000 00
12,000 00
50,000
5,000
36,000
51,000 00
5,625 00
36,000 00
50,000 00
5,000 00
36,000 00
$541,000 $564,765 00
$550,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$50,000
Estimated
Market Value.
$57,750 00
Amount Invested.
$56,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$34,813
8,879
45.000
25.000
10.000
15,000
Rate,
53
21
00
00
00
00
2 per cent.
2i
“
3
“
3A
“
H
“
3*
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$25,000
5,000
476,400
437,500
15,000
632,600
Rate.
00
00
00
00
00
00
3| per cent.
3|
45
“
4Ì
“
4g
“
4è
“
Amount.
$176,000
1,381,965
51,000
134,090
33,850
Rate.
00
00
00
00
00
4| per cent.
5
«
5i
“
5*
“
6
“
212
REPORT OF THE
[Pub. Doc.
F itc h b u r g Savings B an k — Concluded.
Amount invested in real estate for banking purposes............................ ........ $130,000 00
Estimated value of the s a m e , ....................................................................
130,000 00
Assessed value of the s a m e ,............................................................................
102,000 00
Net income received from same during year ending Oct. 31, 1902,
.
.
933 31
Value, by books, of other real estate, held or owned by foreclosure or
otherwise, .
.
.
.
.
.
.
.
.
.
.
.
.
11,000 00
Assessed value of the s a m e ,............................................................................
11,250 00
Number of loans which are of an amount not exceeding $3,000 each, 408
Aggregate amount of the s a m e , ....................................................................
565,005 00
Total number of loans upon real e s t a t e , ...........................................498
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...................................................
.
201,672 00
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend f I f per cent., $72,498 78 )
95g ^
during the year ending Oct. 31, 1902,
.
i If per cent.,
73,459 95 )
Number of accounts opened during the year ending Oct. 31, 1902,
1,400
Number of accounts closed during the year ending Oct. 31, 1902,
1,121
Total number of open accounts Oct. 31, 1902,
.
.
.
.
9,219
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
8,054 24
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 2 ,.....................................................................................
751,957 66
6,208
Number of s a m e , .......................................... ........
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
779,650 51
Number of s a m e , .............................................................................5,400
Date of examination by commissioner : June 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
213
SAYINGS BANK COMMISSIONERS.
FLO R EN C E S A V IN G S B A N K — FLO R E N C E .
Incorporated February 14, 1873.
Present number of corporators, 38.
Sa m u e l P outer , President.
M. E. G ould , Treasurer.
M. E. G ould , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
S am uel P orter ,
H . F . Cu t l er ,
H. B. H a v e n , Jr .,
L. F. P lim p to n ,
G eorge S. G r a v e s .
Open for business every business day, 10 a .m . to 2 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand, . . . .
$18,900 00
42,387 50
4,697
1,295
259,350
40,212
33,578
6
479
307
Deposits, .
Guaranty fund,
Interest account,
$386,374 46
13,550 00
1,290 66
83
09
50
50
69
25
49
27
$401,215 12
$401,215 12
Cash on Deposit in Banks, amount in each: —
Hampshire County National Bank, Northampton,
First National Bank, Northampton,
Northampton National Bank, Northampton,
Pynchon National Bank, Springfield, .
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$12,100
9,795
10,164
1,518
00
50
95
24
[Pub. Doc.
REPORT OE THE
214
F lo r e n c e Savings B an k — Continued.
! No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
Home Nat’l Bank, Holyoke, .
First Nat’l B’k, Northampton,
Hampshire County National
Bank, Northampton,
10 Agawam N’l B’k, Springfield,
85
40
54
Estimated
Market Value.
Amount Invested.
$8,500
4,000
$10,200 00
5,000 00
$8,500 00
4,000 00
5,400
1,000
5,508 00
900 00
5,400 00
1,000 00
$18,900
$21,608 00
$18,900 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 3¿s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3¿s, .
Vermont & Massachusetts R.R. 5s, .
$10,000
5.000
27,000
1.000
$43,000
Estimated
Market Value.
$9,850
4,275
26,595
1,000
00
00
00
00
$41,720 00
Amount Invested.
$10,000
4,387
27,000
1,000
00
50
00
00
$42,387 50
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$32,060 45
Rate.
per cent.
Amount.
$299,018 00
Rate.
5 per cent.
Amount.
$2,063 24
Rate.
6 per cent.
Amount invested in real estate for banking purposes,.
.
.
.
$4,697 83
Estimated value of the s a m e , ...........................................................
5,000
00
3,000
00
Assessed value of the s a m e ,...................................................................
Net income received from same during year ending Oct. 31,1902, .
48 09
Value, by books, of other real estate, held or owned by foreclosure or
otherwise..................................................................................................
1,295
09
Assessed value of the s a m e ,...................................................................
1,025
00
Net income received from same during year ending Oct. 31,1902, .
.
254 91
Number of loans which are of an amount not exceeding $3,000 each, 169
Aggregate amount of the s a m e , ....................................................................
21,550 50
Total number of loans upon real e s t a t e , ...........................................178
Amount of investments from which no income is recei ved, .
.
.
.
1,000 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 9 0 2 , ............................................................
17,080 17
Times for the dividends fixed by the by-laws: second Tuesday in April
and October; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
215
Florence Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 1| per cent., $6,204 80 j $13,385 85
during the year ending Oct. 31, 1902,
.
(.2percent.,
7,181 05 J
Number of accounts opened during the year ending Oct. 31, 1902,
. 243
Number of accounts closed during the year ending Oct. 31, 1902,
. 197
Total number of open accounts Oct. 31, 1902,
. . .
.
1,494
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
834 88
.......................................... ........
clusive of taxes),
Amount of deposits, not including dividends, received during the year
88,728 26
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .....................................................................................2,047
Amount of withdrawals, including dividends, during the year ending
81,466 87
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , ..................................................................................... 1,251
Date of examination by commissioner : March 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
216
REPORT OF THE
[Pub. Doc.
FO XB O R O U G H S A V IN G S B A N K — F O XB O R O U G H .
Incorporated April 18, 1855.
Present number of corporators, 35.
F is h e r E . H a r tsh o r n , President.
E d w a r d M . P h el p s , Treasurer.
E d w a r d M . P h el p s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
F is h e r E. H ar tsh o r n ,
W il l ia m T. C ook ,
R ich a r d S. Ca r p e n t e r ,
A l l e n H . M e ssing er ,
L e w is E. G r a y .
Open for business every business day, 9 a .m . to 3 p . m . ; also Wednesdays and
Saturdays, 6 to 8 p .m .
B alance
Sh ee t
Oct.
31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposit in bank, on interest,
Cash on hand, . . .
.
L ia b il it ie s .
$9,000
41,949
72,000
10,000
7,400
191,150
5,575
00
00
00
00
00
00
00
5,000
500
604
1,966
00
00
84
09
Deposits, .
Guaranty fund,
Undivided earnings,
$345,144 93
$320,830 56
17,500 00
6,814 37
$345,144 93
Cash on Deposit in Bank: —
Winthrop National Bank, Boston,
$604 84
D etailed Statem ent o f Public F u nd s.
Par Yalue.
City of Lynn, Mass., 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,000
Estimated
Market Value.
$9,315 00
Amount Invested.
$9,000 00
No. 8.]
217
SAYINGS BANK COMMISSIONERS
Foxborough Savings Bank — Continued.
No. of
Shares.
D etailed Statem ent o f B ank Stocks.
23
34
27
22
8
5
58
10
11
35
10
60
4
10
14
13
6
20
12
24
36
60
6
Estimated
Par Value.
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Faneuil Hall N’l B’k, Boston, .
Manufacturers’ N’l B’k,Boston,
Metropolitan Nat’l B’k, Boston,
Mt. Vernon Nat'l B’k, Boston,
N’l Bank of Commerce, Boston,
N’l B'k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Shavvmut Bank, Boston,.
National Suffolk Bank, Boston,
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston,.
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
Framingham National Bank,
South Framingham,
National Bank of Wrentham,
Wrentham, .
.
.
.
$529
3,400
2,700
Market Value.
$529 00
3,400 00
2,700 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
600 00
2,400 00
3,600 00
6,000
9,000 00
6,000 00
420
420 00
420 00
$41,949
$61,174 00
$41,949 00
_
800
_
5,800
1,000
1,100
3,500
_
6,000
400
1,000
1,400
1,300
-
600
2,400
3,600
$138
3,740
4,050
110
1,096
10
6,206
1,020
1,650
5,950
10
14,100
532
1,180
1,554
1,976
36
440
60
4,080
3,816
Amount Invested.
-
800 00
-
5,800
1,000
1,100
3,500
00
00
00
00
-
6,000 00
400 00
1,000 00
1,400 00
1,300 00
-
D etailed Statem ent o f R ailroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Chic., Burlington & Quincy R.R. 3£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Illinois Central R.R. 3£s, .
Maine Central R.R. 4s,
Maine Central R.R. 4<|s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5 s ,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$11,000
5,000
$10,400 00
5,062 50
5,000
5,000
5,000
5,000
10,000
6,000
5,000
5,725
4,950
5,450
5,375
9,875
6,240
5,400
00
00
00
00
00
00
00
Amount Invested.
$11,000 00
5,000 00
5,000
5,000
5,000
5,000
10,000
6,000
5,000
00
00
00
00
00
00
00
5,000
5,000
5,000
6,500 00
5,350 00
5,000 00
5,000 00
5,000 00
5,000 00
$72,000
$75,327 50
$72,000 00
218
[Pub. Doc.
REPOET OF THE
Foxborough. Savings Bank — Concluded.
Boston T erm inal Com pany Bonds.
Par Value.
•
Boston Terminal Company 3is,
$10,000
Estimated
Market Value.
$11,550 00
Amount Invested.
$10,000 00
Total A m ount o f L oa n s , with E ach Specified Rate o f Interest.
Amount.
$604 84
5,000 00
Rate.
2 per cent.
H
“
Amount.
$36,900 00
5,000 00
Rate.
Amount.
5 per cent.
5é
“
$155,325 00
Rate.
6 per cent.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$7,400 00
Assessed value of the s a m e ,............................................................................
7,525 00
Net income received from same during year ending Oct. 31, 1902,
.
.
267 57
Number of loans which are of an amount not exceeding $3,000 each, 173
Aggregate amount of the s a m e , ....................................................................
171,025 00
Total number of loans upon real e s t a t e , ...........................................166
Amount of investments from which no income is received,
.
.
.
7,729 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
17,374 40
Times for the dividends fixed by the by-laws: Wednesday after first
Monday in June and December; payable Wednesday after second Mon
day of June and December.
Rate and amount of each semi-annual dividend ( 2 per cent.,
$6,082 61 | ^ 204 42
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
6,121 81 1
Number of accounts opened during the year ending Oct. 31, 1902,
. 185
Number of accounts closed during the year ending Oct. 31,1902,
. 133
Total number of open accounts Oct. 31,1902,
.
.
.
.
1,456
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
1,450 10
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
64,657 44
Number of s a m e , ............................................................................ 1,025
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , ..............................................................................................
79,238 10
Number of s a m e , .............................................................................1,293
Date of examination by commissioner : January 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
219
SAVINGS BANK COMMISSIONERS.
No. 8.]
FRANKLIN SAVINGS BANK —BOSTON.
Incorporated March 15, 1861. Present number of corporators, 92.
Jam bs E . W
h it n e y ,
E b e n e ze r A l e x a n d e r , Treasurer.
President.
G eorge A . F is h e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Jam es E . W h it n e y ,
M a r tin L. B r adfor d ,
J. H omer P ier ce ,
Jam es A r t h u r Jacobs ,
C h ar les E . R ogerson ,
H e n r y W . H ar t .
Open for business every business day, 9 a . m . to 2 p . m .
Balance
Sheet
Oct.
A ssets.
Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Real estate income account,
Cash on hand, . . .
.
31, 1902.
L ia b il it ie s .
$1,398,000 00
125.000 00
279,909 00
1,467,745 10
10,000 00
300.000 00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$11,228,963 00
486,000 00
111,803 88
62,637 27
3,763 87
225.000 00
179,276 41
4,322,571 04
3,009,000 00
88,000 00
455,127 81
6,486 67
1,987 86
25,064 13
$11,893,168 02
$11,893,168 02
Cash on Deposit in Banks, amount in each: —
Bay State Trust Company, Boston,
Boylston National Bank, Boston,
Central National Bank, Boston, .
Massachusetts Trust Company, Boston,
National Bank of Redemption, Boston,
National Shawmut Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.......................................... $44,330
..................................
142,761
..........................................
50,000
..........................................
50,000
..........................................
73,417
...........................................94,617
71
88
00
00
88
34
220
[Pub. Doc.
REPORT OF THE
Franklin Savings Bank — Continued.
Loans on Public Funds, amount on each : —
$25,000 Massachusetts 3 s , ............................................................................ $25,000 00
100,000 Massachusetts 3 £ s ,.............................................................................
100,000 00
Loan on Railroad Stock : —
75 shares New York, New Haven & Hartford R . R . , .................................. $10,000 00
D etailed Statem ent o f P u blic F u nd s.
Par Value.
Massachusetts 3^s, .
City of Altoona, Pa., 4s, .
of Belfast. Me , 4 s , .
of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Boston, Mass., os,
of Boston, Mass., 6s,
of Cambridge, Mass., 6 s,.
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4s,
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4^s,.
of Laconia, N. H., 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 4s,
of Minneapolis, Minn., 4s,
of New Bedford, Mass., 3&S,
of Newton, Mass., 4s,
of Northampton, Mass., 4s,
of Providence, R. I., 5s, .
of Rutland, Vt., 4s, .
of St. Albans, Vt., 4s,
of Waterbury, Conn., 4s, .
of Woonsocket, It. I., 4s, .
of Youngstown, Ohio, 5s,
Town of Brookline, Mass., 3-|s,
of Spencer, Mass., 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$175,000 $185,500 00 $175,000 00
50,000 00
55,000 00
50,000
27,093 75
25,000 00
25,000
30,000 00
30,000 00
30,000
163,687 50
150,000 00
150,000
3,000 00
3,135 00
3,000
2,000 00
2,010 00
2,000
1,035 00
1,000
1,000 00
54,000 00
50,000 00
50,000
40,072 50
40,000 00*
40,000
4,350 00
4,000 00
4,000
100,500 00
100,000 00
100,000
60,125 00
50,000 00
50,000
100,000
111,625 00
100,000 00
56,750 00
50,000 00
50,000
46,500 00
46,500
48,127 50
10,662 50
10,000 00
10,000
50,000
54,250 00
50,000 00
10,000 00
10,000
10,175 00
43,000 00
43,000
46,440 00
104,000 00
100,000
100,000 00
1,060 00
1,000 00
1,000
27,000
29,702 50
27,000 00
20,000
21,100 00
20,000 00
25,000
26,875 00
25,000 00
100,000
109,250 00
100,000 00*
3,000
3,000 00
3,000 00
52,500
52,500 00
52,500 00
80,000
85,100 00
80,000 00
$1,398,000 $1,497,126 25 $1,398,000 00
* Legal investments when made.
No. 8.]
221
SAYINGS BANK COMMISSIONERS.
Franklin Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
41 Atlantic Nat’l Bank, Boston, .
200 Atlas National Bank, Boston, .
133 Blackstone N’l Bank, Boston, .
93 Boylston Nat’l Bank, Boston, .
200 Colonial Nat’l Bank, Boston, .
135 First Ward N’l Bank, Boston,.
142 Fourth National Bank, Boston,
97 Freemans Nat’l Bank, Boston,
79 N’l B’k of Commerce, Boston,
200 N’l B’k of Redemption, Boston,
200 National City Bank, Boston, .
201 Nat’l Exchange Bank, Boston,
355 Nat’l Shawmut Bank, Boston,
68 National Suffolk Bank, Boston,
20 National Union Bank, Boston,
139 Nat’l Webster Bank, Boston, .
200 Old Boston Nat’l B’k, Boston, .
55 Second National Bank, Boston,
132 State National Bank, Boston, .
86 Suffolk Nat’l Bank, Boston,
84 Naumkeag Nat’l Bank, Salem,
50 Third Nat’l Bank, Springfield,
$4,100
20,000
3,059
9,300
20,000
13,500
14,200
9,700
7,900
20,000
_
20,100
35,500
6,800
2,000
13,900
20,000
5,500
13,200
8,400
5,000
$252,159
Estimated
Market Value.
$5,330
23,000
798
10,230
30,000
21,600
18,460
10,670
11,850
34,000
200
30,552
83,425
9,044
3,400
16,402
22,200
10,395
20,064
516
10,752
11,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$4,100
20,000
3,059
9,300
30,000
13,500
14,200
9,700
7,900
20,000
00
00
00
00
00
00
00
00
00
00
-
20,100
53,250
6,800
2,000
13,900
20,000
5,500
13,200
00
00
00
00
00
00
00
00
-
8,400 00
5,000 00
$383,888 00 $279,909 00
D etailed Statem ent o f R ailroad Bonds.
Par Value.
Estimated
Market Value.
Amount Invested.
Albany & Susquehanna R.R. 6s, . $100,000 00 $106,250 00 $100,000 00
Boston & Albany R.R. 4s, .
50,000 00
53,000 00
50,000 00
Boston & Lowell R.R. 4s,
100,000 00
106,250 00
100,000 00
Boston & Maine R.R. 4£s,
100,000 00
125,000 00
100,000 00
Boston, Revere Beach & Lynn
R.R. 4£s.......................................
100,000 00
115,000 00
100,000 00
Chic.,Burlington & Quincy R.R. 4s, 197,000 00
207,160 00
197,000 00
Concord & Claremont R.R. 4^s, .
100,000 00
109,500 00
100,000 00
Eastern K.R 6s, .
50,000 00
54,125 00
50,000 00
Erie & Pittsburgh R.R. 3£s, .
50,500 00
50,000 00
50,000 00
Fitchburg R.R. 4s,
44,000 00
48,180 00
44,000 00
Fitchburg R.R. 4£s,
61,600 00
56,000 00
56,000 00
Illinois Central R.R. 3£s,
100,000 00
99,000 00
100,000 00
Illinois Central R.R. 5s,
45,745 10
45,745 10
45,745 10
New York & New England R.R.
(terminal) 4s, .
50,000 00
59,500 00
50,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
222
REPORT OF THE
[Pub. Doc.
Franklin Savings Bank — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.
New York, New Haven & Hart
ford R.R. 4s,
.
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s,
Penobscot Shore Line R.R. 4s,
Peterboro’ & Hillsboro’ R.R. 4£s,
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................
$100,000
50.000
75.000
25.000
25.000
Estimated
Market Value.
Amount Invested.
00 $114,250 00
00
55,125 00
00
82,031 25
00
26,500 00
00
28,000 00
50.000 00
$100,000
50.000
75.000
25.000
25.000
65,000 00
00
00
00
00
00
50.000 00
$1,467,745 10 $1,611,716 35 $1,467,745 10
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
Estimated
Market Value.
$300,000 $346,500 00
Amount Invested.
$300,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$355,127
150.000
100.000
365,500
75.000
96.000
Rate.
81
00
00
00
00
00
2 per cent.
3j
“
3f
“
3à
3§
«
3|
Amount.
$2,391,987
50.000
692,800
50.000
1,280,762
50.000
Rate.
00
00
00
00
60
00
4 per cent.
44
“
4|
“
4g
“
H
“
4f
Amount.
$2,083,371
100,000
80,000
68,750
20,400
Rate.
44
00
00
00
00
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the s a m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 386
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................741
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : February 1 and August 1;
payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5 per cent.
54
“
5£
«
5à
“
6
“
$225,000 00
225.000 00
146.000 00
179,276 41
184.000 00
3,381 44
690,463 00
478,735 01
No. 8.]
SAYINGS BANK COMMISSIONERS.
223
Franklin Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 1| per cent., $181,938 11
I $367,340
during the year ending Oct. 31, 1902,
.
1 1| per cent., 185,401 97
Number of accounts opened during the year ending Oct. 31, 1902,
2,109
Number of accounts closed during the year ending Oct. 31, 1902,
1,687
Total number of open accounts Oct. 31, 1902,
.
. . .
21,690
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
26,449
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,..................................................................................... 1,635,503
Number of s a m e ,............................................................................ 15,409
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ............................................................................................. 1,581,895
Number of s a m e ,............................................................................ 14,900
Date of examination by commissioner : April 23, 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
08
97
31
60
REPORT OF THE
224
[Pub. Doc.
F R A N K L IN S A V IN G S IN S T IT U T IO N — G R E E N F IE L D .
Incorporated April 2, 1834. Present number of corporators, 20.
W
il l ia m
H . A l l e n , President.
C h ar les A l l e n , Treasurer.
F k a n k l in R. A l l e n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
W il l ia m H . A l l e n ,
J oseph G r is w o l d ,
H enry F. N ash ,
J oseph W . S te v e n s ,
L ucius N im s .
Open for business every business day, 9 a . m . to 3 p m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Suspense account,
Unpaid interest, . . . .
Cash on hand, . . . .
$561,000
50,400
16,000
875,000
26,664
1,837,988
1,659,735
00
00
00
00
49
69
86
114,250
3,142
144,081
1,977
2,908
4,842
3,845
00
15
33
38
06
69
77
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$5,301,836 42
$4,992,217 72
246,000 00
53,286 89
10,331 81
$5,301,836 42
Cash on Deposit in Banks, amount in each : —
State National Bank, Boston,
. . .
First National Bank, Greenfield, .
Franklin County National Bank, Greenfield,
$40,213 28
88,868 05*
15,000 00
Loans on Bank Stock, amount on each : —
5 shares City National Bank, Worcester, .
3 shares Conway National Bank, Conway,
60 shares Home National Bank, Holyoke,
110 shares Home National Bank, Holyoke,
8 shares Packard National Bank, Greenfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
Since reduced within limit.
$500
200
5,000
10,000
300
00
00
00
00
00
No. 8.]
225
SAYINGS BANK COMMISSIONERS.
Franklin Savings Institution — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Brockton, Mass., 5s,
of Cambridge, Mass., 6s, .
of Chicago, 111, 4s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5s,.
of Detroit, Mich., 4s,
of Grand Rapids, Mich., 5s,
of Hartford, Conn., 4s, .
of Lawrence, Mass., 6s, .
of Lynn, Mass., 4s, .
of Milwaukee, Wis., 5s, .
of Peoria, 111., 4£s, .
of Providence, R. I., 5s, .
of Springfield, Mass., 6s,.
of Springfield, Mass., 7 s ,.
of Springfield, Ohio, 5s, .
of Worcester, Mass., 5s, .
Town of Chatham, Mass., 4£s,
of Marblehead, Mass., 4s,
$30,000
16,000
23,000
13,000
25,000
43,000
50,000
25,000
50,000
25,000
20,000
10,000
77,500
25,000
25,000
4,000
20,000
25,000
18,000
4,000
32,500
$561,000
*
Estimated
Market Value.
$31,800
16,000
25,530
13,030
27,000
43,215
56,600
27,500
54,500
25,875
21,700
10,300
81,530
26,250
27,250
4,240
20,200
27,050
18,630
4,200
34,612
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$30,000
16,000
23,000
13,000
25,000
43,000
50,000
25,000
50,000
25,000
20,000
10,000
77,500
25,000
25,000
4,000
20,000
25,000
18,000
4,000
32,500
00
00
00
00
00
00*
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
$597,012 00 $561,000 00
L e g a l in v e s t m e n t« w h e n m a d e .
No. of
Shares.
Detailed Statement o f Bank Stocks.
5
153
68
140
25
10
45
40
18
Par Value.
Faneuil Hall N’l Bank, Boston,
N’LB’k of Commerce, Boston,
Nat’l Webster Bank, Boston, .
First Nat’l Bank, Greenfield, .
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
Adams N’l B’k, North Adams,
First N’l B’k, Northampton, .
Hampshire Co. National Bank,
Northampton,
Pittsfield Nat’l B’k, Pittsfield,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$500
15,300
6,800
14,000
Estimated
Market Value.
$685
22,950
8,024
21,000
00
00
00
00
Amount Invested
$500
15,300
6,800
14,000
00
00
00
00
2,500
1,000
4,500
2,600 00
1,180 00
5,625 00
2,500 00
1,000 00
4,500 00
4,000
1,800
4,080 00
2,250 00
4,000 00
1,800 00
$50,400
$68,394 00
$50,400 00
[Pub. Doc.
DEPORT OF THE
226
Franklin Savings Institution — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Chicago & Northwestern R.R. 7s, .
Chic., Burlington & Quincy R R. 4s,
Conn. & Fassumpsic Rivers R.R. 4s,
Danbury & Norwalk R.R. 5s, .
Eastern R R. 6s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 4s, .
Kalamazoo, Allegan & Grand Rapids
R.R. 5 s,...........................................
Milwaukee, Lake Shore & Western
R.R. 5s.............................................
New York & New England R.R.
(terminal) 4s,
. . .
New York, New Haven & Hartford
R.R. 4s.............................................
Old Colony R.R. 4 s,.
Sullivan County R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Vermont Valley R.R. 5s, .
$50,000
50,000
100,000
25,000.
25,000
25,000
60,000
100,000
25,000
Estimated
Market Value.
$57,000
62,500
135,000
26,900
28,500
30,250
64,800
101,000
27,500
Amount Invested.
00
00
00
00
00
00
00
00
00
$50,000
50,000
100,000
25,000
25,000
25,000
60,000
100,000
25,000
00
00
00
00
00
00
00
00
00
50,000
64,500 00
50,000 00
75,000
93,000 00
75,000 00
50,000
60,500 00
50,000 00
100,000
15,000
25,000
50,000
50,000
115,000
16,350
27,250
50,000
55,500
00
00
00
00
00
100,000
15,000
25,000
50,000
50,000
00
00
00
00
00
$875,000 $1,015,550 00 $875,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
Kate.
Amount.
Kate.
$129,081 33
741,425 00
2£ per cent.
4
«
$578,925 00
1,293,300 00
4^ per cent.
4¿
“
Amount.
$1,024,466 70 5 per cent.
8,000 00 5è
“
Value, toy books, of real estate, held or owned toy foreclosure or otherwise,
Assessed value of the s a m e ,........................................................... ........
.
Net income received from same during year ending Oct. 31, 1902,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 545
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................617
Amount of investments from which no income is received,
.
.
.
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 9 0 2 ,....................................................................
Times for the dividends fixed by the by-law s: January 1 and July 1;
payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
$26,664 49
28,707 00
312 00
588,194 50
1,959 14
234,530 82
No. 8.]
SAYINGS BANK COMMISSIONERS.
227
Franklin Savings Institution— Concluded.
Rate and amount of each semi-annual dividend t 2 per cent., $92,893 58
J $188,231
during the year ending Oct 31, 1902,
.
« 2 per cent ,
95,337 95
Number of accounts opened during the year ending Oct. 31,1902,
1,018
Number of accounts closed during the year ending Oct. 31, 1902,
. 615
Total number of open accounts Oct. 31, 1902,
.
.
.
.
9,644
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
9,471
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
513,463
Number of s a m e , ............................................................................ 5,243
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902,
.
.
.
.
.
.
.
.
439,764
Number of s a m e ,............................................................................ 4,852
Date of examination by commissioner : October 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
53
00
51
47
228
[Pub. Doc.
REPORT OF THE
G A R D N E R SA V IN G S B A N K — G A R D N E R .
Incorporated May 26, 1868.
Present number of corporators, 42.
C h ar les W. C onant , President.
J ohn D. E d g e l l , Treasurer.
V o ln e t W. H o w e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C h ar les W. C on an t ,
E zra O sgood ,
E uclid L. B rooks ,
Sa m u e l S. G leaso n ,
S. W . A. S te v e n s .
Open for business every business day except Saturdays, 9 a . m . to 3 e .m . ; Saturdays,
close at 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.
L ia b il it ie s .
$94,100
101,682
5,732
339,000
1,989
810,328
689,875
00
00
78
00
88
71
21
138,300
114,140
2,697
1,447
2,680
00
59
82
30
17
$2,301,974 46
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$2,143,432 64
100,000 00
28,129 62
30,289 34
122 86
$2,301,974 46
Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , .................................................................... $5,190 32
National Bank of Redemption, B o s t o n , ...................................................
22,678
First National Bank, G a r d n e r ,....................................................................
43,697
Westminster National Bank, G a r d n e r , ...................................................
10,050
Packard National Bank, G reen field,............................................................
15,000
Northampton National Bank, Northampton,
. . ' . . . .
10,000
Springfield National Bank, S p r in g fie ld ,................................................... 10,221 66
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61
82
00
00
00
No. 8.]
229
SAYINGS BANK COMMISSIONERS.
Gardner Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
10 shares
5 shares
5 shares
15 shares
29 shares
6 shares
5 shares
Westminster National Bank, G a r d n e r , .................................
Westminster National Bank, G a r d n e r , .................................
Westminster National Bank, G a r d n e r , .................................
First National Bank, G a r d n e r ,...................................................
First National Bank, G a r d n e r ,................................................... 1
Rollstone National Bank, Fitchburg,...........................................jMiller’ s River National Bank, A th o l,...........................................J
$850
290
400
1,000
00
00
00
00
3,192 78
Detailed Statement o f Public Funds.
Par Value.
United States 4s,
. . .
County of Aroostook, Me., 4£s,
City of Chicago, 111 , 4s, .
of Haverhill, Mass., 4s, .
of New Britain, Conn., 4s,
of Scranton, Pa., 4£s,
Town of Gardner, Mass., 4s, .
of Somersworth, N. H., 4s,
.
$1,100
10,000
10,000
10,000
11,000
16,000
11,000
25,000
Estimated
Market Value.
$1,221
10,975
10,425
11,000
11,082
17,630
11,825
27,000
00
00
00
00
50
00
00
00
$94,100 $101,158 50
\
Amount Invested
$1,100
10,000
10,000
10,000
11,000
16,000
11,000
25,000
00
00
00
00
00
00
00
00
$94,100 00
Ko. of
Shares.
Detailed Statement o f Bank Stocks.
18 Miller’s River N’l B’k, Athol, .
3 First National Bank, Barre,
34 Blackstone N’l Bank, Boston, .
10 Central National Bank, Boston,
15 Continental N’l Bank, Boston,
50 Eliot National Bank, Boston, .
15 Mechanics Nat’l Bank, Boston,
20 Merchants Nat’l Bank, Boston,
10 Metropolitan N’l B’k, Boston,.
25 N’l B’k of Redemption, Boston,
50 N’l B’k of the Republic, Boston,
26 Nat’l Exchange Bank, Boston,
80 Nat’l Shawmut Bank, Boston,
5 New England N’l B’k, Boston,
54 State National Bank, Boston, .
30 Winthrop Nat’l Bank, Boston,
5 Conn. River National Bank,
Charlestown, N. H., .
8 First National Bank, Clinton,
29 Rollstone Nat’l B’k, Fitchburg,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$1,800
300
782
1,000
_
5,000
1,500
2,000
1,000
2,500
5,000
2,600
8,000
500
5,400
3,000
500
800
2,900
Estimated
Market Value.
$2,970
300
204
1,250
75
8,300
1,800
3,820
1,070
4,250
8,000
3,952
18,800
785
8,208
5,100
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
500 00
1,000 00
3,915 00
Amount Invested,
$1,800
300
782
1,000
00
00
00
00
-
5,000
1,500
2,000
1,000
2,500
5,000
2,600
8,000
500
5,400
3,000
00
00
00
00
00
00
00
00
00
00
00
500 00
800 00
2,900 00
230
REPORT OF THE
[Pub. Doc.
Gardner Savings Bank — Continued
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
Par Value.
326 First Nat’l Bank, Gardner,
12 Leominster N’l B’k, Leominster,
100 Orange Nat’l Bank, Orange, .
34 Crocker N’l B’k, Turner’s Falls,
51 First Nat’l Bank, Winchendon,
20 Citizens’ Nat’l B’k, Worcester,
28 Mechanics N’l B’k, Worcester,
$32,600
1,200
10,000
3,400
5,100
2,000
2,800
Estimated
Market Value.
$34,230
1,440
17,000
4,760
6,987
2,800
2,800
00
00
00
00
00
00
00
$101,682 $144,316 00
Amount Invested.
$32,600
1,200
10,000
3,400
5,100
2,000
2,800
00
00
00
00
00
00
00
$101,682 00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Boston & Lowell 11.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Boston, Revere Beach & Lynn R.R.
4 ¿ s , ...........................................
Chic., Burlington & Quincy R.R. 5s,
Chic., Burlington & Quincy R.R. 7s,
Chicago & Northwestern R R. 7s, .
Fitchburg R.R. 4s, .
Fitchburg R R. 4¿s, .
Grafton & Upton R.R. 4s,
Maine Central R.R 4s,
Maine Central R.R. 7s,
Maine Shore Line R.R. 6s,
Milwaukee, Lake Shore & Western
R.R. 6 s ,...........................................
New York & New England R.R. 4s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
Old Colony R.R. 4¿s,
Penobscot Shore Line R.R. 4 s,.
Portland & Runiford Falls R.R. 4 s,.
Upper Coos R R. 4s,
.
.
.
Vermont & Massachusetts R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount Invested.
$5,000
10,000
30,000
25,000
$5,062
11,125
37,500
28,750
50
00
00
00
$5,000
10,000
30,000
25,000
00
00
00
00
34,000
10,000
3,000
54,000
3,000
26,000
5,000
6,000
25,000
38,250
10,150
3,720
57,192
3,300
20,800
5,212
7,680
26,500
00
00
00
50
00
00
50
00
00
34,000
10,000
3,000
54,000
3,000
26,000
5,000
6,000
25,000
00
00
00
00
00
00
00
00
00
10,000
10,000
2,000
25,000
10,000
5,000
15,000
10,000
15,000
1,000
13,250
11,900
2,090
26,562
11,250
5,062
15,900
10,800
16,050
1,000
00
00
00
50
00
50
00
00
00
00
10,000
10,000
2,000
25,000
10,000
5,000
15,000
10,000
15,000
1,000
00
00
00
00
00
00
00
00
00
00
$339,000 $369,107 50 $339,000 00
No. 8.]
231
SAVINGS BANK COMMISSIONERS.
Gardner Savings Bank — Concluded.
Total Amount o f Loans, with each Specified Rate o f Interest,
Amount.
$500
5,190
22,678
41,000
60,221
00
32
61
00
66
Kate.
Amount.
0 per cent.
2
2£
“
3
34
“
$3,000
186,850
33,000
262,542
100,112
00
00
00
78
00
Rate.
Amount.
Kate.
3f per cent.
4
“
4|
«
44
“
4|
$977,809 34
15,000 00
50,472 58
5 per cent.
54
“
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 923
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .......................................... 867
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1902,
.
...........................................
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend | 2 per cent., $38,977 98 i
during the year ending Oct. 31, 1902,
.
12 per cent., 40,479 74 j
Number of accounts opened during the year ending Oct. 31,1902,
. 790
Number of accounts closed during the year ending Oct. 31, 1902,
. 547
Total number of open accounts Oct. 31, 1902,
.
.
.
.
5,814
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902, .
4,828
Number of same, . . .
.
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902,
. . . .
3,268
Number of same, .
. . .
Date of examination by commissioner : June 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,989 88
1,650 00
103 26
764,847 96
500 00
103,702 50
79,457 72
5,158 41
331,360 78
285,843 39
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
\
No. 8.]
SAYINGS BANK COMMISSIONERS.
233
Georgetown Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Altoona, Pa., 4s, .
of Boston, Mass., 4s,
of Chicopee. Mass., 4s,
of Cleveland, Ohio, 4s,
of Grand Rapids, Mich., 4s,
of Johnstown, Pa., 3£s, .
of Kansas City, Mo., 4^s, .
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis , 5s, .
of Minneapolis, Minn., 4£s,
of New Bedford, Mass., 4s,
of Quincy, Mass., 4s,
of Springfield, Ohio, 5s, .
Town of Methuen, Mass., 4s, .
Estimated
Market Value.
$6,000
5,000
1,000
17,000
6,000
5,000
15,000
1,000
5,000
10,000
5,000
5,000
1,000
4,000
10,000
$6,060
5,400
1,008
18,190
6,180
5,130
16,950
1,112
5,600
10,800
5,650
5,650
1,010
4,160
11,200
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$96,000 $104,100 00
*
Amount Invested.
$6,000
5,000
1,000
17,000
6,000
5,100
16,512
1,000
5,000
10,000
5,000
5,000
1,000
4,000
10,000
00
00
00
00*
00
00
50
00
00
00
00
00
00
00
00
$97,612 50
A legal investment when made.
Ko. of I
Shares.
Detailed Statement o f Bank Stocks.
30
45
20
Par Value.
Manufacturers N’l B’k, Boston,
Georgetown National Bank,
Georgetown,
First National Bank, Ipswich,
Estimated
Market Value.
Amount Invested.
$60 00
$4,500
2,000
4,500 00
2,000 00
$4,500 00
2,000 00
$6,500
$6,560 00
$6,500 00
Detailed Statement o f Railroad Bonds.
Par Value.
Bennington & Rutland R.R. 4£s,
Boyer Valley R.R. 3^s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
4,000
15,000
15,000
5,000
Estimated
Market Value.
$11,000
10,200
4,360
16,650
13,500
5,037
00
00
00
00
00
50
Amount Invested.
$10,000
10,137
4,000
15,000
13,575
5,037
00
50
00
00
00
50
[Pub. Doc.
REPORT OF THE
234
G e o r g e to w n Savings B ank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
Minnesota & Iowa R.R. 3£s,
N. Y. & N. E. R.R. (terminal) 4s, .
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4£s,
$10,000
10,000
5.000
5.000
3.000
3.000
Estimated
Market Value.
$11,200
12,500
5,120
5,850
3,310
3,480
00
00
00
00
00
00
Amount Invested.
$11,200
10,000
5,118
5.000
3.000
3.000
$95,000 $102,207 50
00
00
75
00
00
00
$95,068 75
Total Amount o f Loans, with Each Specified Rate o f Interest.
I
Amount.
$22,000 00
224,868 44
Rate.
3 per cent.
5
Amount.
$52,338 77
Rate.
5£ per cent.
Amount.
Rate.
$199,798 90 i 6 per cent.
$49,555 74
Value, by books, of real estate, held or owned by foreclosure or otherwise,
76,482 50
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 360
319,034 48
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................384
9,565 66
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
33,348 99'
during year ending Oct. 3 1 , 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: third Wednesday in April
and October; payable fourth Wednesday in April and October.
Rate and amount of each semi-annual dividend ( 1| per cent., $12,119 40 1 24,504 13
during the year ending Oct. 31, 1902,
.
1 1| per cent., 12,384 73 1
Number of accounts opened during the year ending Oct. 31, 1902, . 123
Number of accounts closed during the year ending Oct. 31, 1902,
. 44
Total number of open accounts Oct 31, 1902,
.
.
.
.
2,003
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
1,828 44
clusive of taxes)............................................ ..................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902.........................................................................................
72,930 16
Number of s a m e , ..................................................................................... 716
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
79,707 06
Number of s a m e , .....................................................................................768
Date of examination by commissioner: June 6.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
235>
G R AF TO N S A V IN G S B A N K — G R AF TO N .
Incorporated March 13, 1869. Present number of corporators, 50.
A lber t L. F is h e r , President.
Joseph A. D odge , Treasurer.
Joseph A. D odge , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A l b e r t L. F is h e r ,
E d w a r d P. U sh er ,
F r a n k E . V in to n ,
Clarence R . P r att ,
S olon F . Sm it h .
Open for business every business day except Saturdays, 9 a
Saturdays, 9 a . m . to 12 m .
.m .
to 12 m . ; 1.30 to 4 p . m
. ~
r
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, . . .
.
L ia b il it ie s .
$22,297
2,280
34,600
169,671
25,400
25
00
00
00
00
5.000
14,676
5.000
768
00
53
00
91
$279,693 69
Deposits, .
Guaranty fund,
Interest account,
$263,839 13
7,500 00
8,354 5&
$279,693 69'
Cash on Deposit in Banks, amount in each : —
Grafton National Bank, G r a f t o n , ........................................................... $9,415 00
City National Bank, Worcester....................................................................... 10,261 53
Loan on Bank Stock: —
28£ shares Grafton National Bank, G r a f t o n , ...........................................$2,280 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
236
REPORT OF THE
[Pub. Doc.
G ra fton Savings B a n k — Continued.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
10
5
5
30
3
50
8
20
57
6
Par Value.
Eliot National Bank, Boston, .
Fourth National Bank, Boston,
Manufacturers N’l B’k, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Grafton Nat’l Bank, Grafton, .
Spencer Nat’l Bank, Spencer, .
$ 1 ,0 0 0
500
_
3,000
-
5,000
800
2,000
5,700
600
$18,600
Estimated
Market Value.
Amount Invested
$1,660 00
650 00
$1,230 00
500 00
«
10 0 0
5,100
3
11,750
944
3,040
5,700
960
00
00
00
00
00
00
00
4,040 00
_
7,107
800
2,351
5,700
568
$29,817 00
58
00
00
00
67
$22,297 25
Detailed Statement o f Railroad Bonds.
Par Value.
■Chic., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Portland & Rumford Falls R.R. 4 s,.
$5,000
10,000
5,000
15,000
$35,000
Estimated
Market Value.
$5,350
10,200
4,450
16,350
Amount Invested.
00
00
00
00
$36,350 00
$5,000
10,000
4,600
15,000
00
00
00
00
$34,600 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$14,676 53
27,800 00
Rate.
3 per cent.
4è
Amount.
$10,000 00
109,305 00
Rate.
4| per cent.
5
Amount.
$8,525 00
46,721 00
Rate.
5¿ per cent.
6
Number of loans which are of an amount not exceeding $3,000 each, 131
Aggregate amount of the s a m e , .................................................................... $132,871 00
Total number of loans upon real estate................................................... 139
dross amount of interest or profits received or earned, as per books,
during year ending Oct. 31,1902....................................................................
12,226 71
Times for the dividends fixed by the by-laws : January 1 and July 1 ;
payable January 15 and July 15.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
237
Grafton Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent.,
$4,747 38 1
during the year ending Oct. 31, 1902,
.
i 2 per cent.,
4,856 38 J
Number of accounts opened during the year ending Oct. 31, 1902, . 81
Number of accounts closed during the year ending Oct. 31, 1902,
. 60
Total number of open accounts Oct. 31, 1 9 0 2 , .................................. 672
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .....................................................................................360
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , .......................................... ....... ..........................................
Number of s a m e , .................................................................................... 353
Date of examination by commissioner : April 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
^
jg
955 39
33,491 05
23,436 23
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
239
Granite Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Par Value.
Massachusetts 3£s, .
.
.
.
County of Aroostook, Me., 4^s,
City of Bay City, Mich., 4s,
of Bridgeport, Conn , 4 s,.
of Chicopee, Mass., 3£s, .
of Dayton, Ohio, 3£s,
of Everett, Mass., 4s,
of Holyoke, Mass , 3£s, .
of Kansas City, Mo., 4£s,
of Leominster, Mass., 4s,.
of Lynn, Mass., 3£s,.
of Lynn, Mass.,4s, .
of Lynn, Mass., 5s, .
of Meriden, Conn., 3£s, .
of Middletown, Conn., 3.65s, .
of Milwaukee, Wis , 5s, .
of New Bedford, Mass., 4s,
of Pawtucket, R. L, 4s, .
of Quincy, Mass., 3£s,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4s,
of Sioux City, Iowa, 4£s,.
of Springfield, Ohio, 5s, .
of Waltham, Mass., 4s, .
of Waterbury, Conn., 4s, .
of Woburn, Mass., 4s,
Town of Orange, Mass., 4s,
of Rockport, Mass., 4s, .
of Swampscott, Mass., 3£s, .
$2,070
2,180
1,030
1,080
1,010
2,020
1,100
3,030
2,220
2,040
3,030
1,082
1,030
2,040
1,020
1,080
5,150
2,140
1,010
3,650
2,040
1,050
1,040
1,100
1,070
3,090
2,180
6,215
2,060
$2,000
2,000
1,000
1,000
1,000
2,000
1,000
3,000
2,000
2,000
3,000
1,000
1,000
2,000
1,000
1,000
5,000
2,000
1,000
3,500
2,000
1,000
1,000
1,000
1,000
3,000
2,000
6,000
2,000
$56,500
*
Market Value.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$58,857 00
Amount Invested.
$2,000
2,000
1,000
1,000
1,000
2,000
1,000
3,000
2,000
2,000
3,000
1,000
1,000
2,000
1,000
1,000
5,000
2,000
1,000
3,500
2,000
1,000
1,000
1,000
1,000
3,000
2,000
6,000
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00*
00
00
00
00
00
00
00
$56,500.00
Legal investments when made.
Mo. of
Shares.
Detailed Statement o f Bank Stocks.
12
8
10
12
Tar Value.
Cape Ann N’l B’k, Gloucester,
Gloucester N’l B’k, Gloucester,
Gloucester Safe Deposit and
Trust Company, Gloucester,
Rockport N’l Bank, Rockport,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$1,200
800
$1,680 00
1,080 00
$1,200 00
800 00
1,000
1,200
1,600 00
1,200 00
1,000 00
1,200 00
$4,200
$5,560 00
$4,200 00
240
REPORT OF THE
[Pub. Doc..
Granite Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 3£s, .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Maine Central R.R. 4s,
Maine Central R.R. 7s,
$3,000
2,000
2,000
2,000
2,000
500
1,000
$12,500
Market Value.
$3,720
1,980
2,020
2,027
1,710
520
1,270
00
00
00
50
00
00
00
$13,247 50
Amount Invested.
|3,000
2,000
2,000
2,000
1,725
500
1,000
00
00
00
00
00
00
00
$12,225 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$1,813 36
2,000 00
Kate.
3 per cent.
3*
“
Amount.
$12,090 50
12,800 00
Kate.
4 per cent.
5
Amount.
$6,600 00
127,511 00
Rate.
5£ per cent.
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$800 00
Assessed value of the s a m e ,.............................................................................
1,265 00
Number of loans which are of an amount not exceeding $3,000 each, 171
Aggregate amount of the same..........................................................................
128,381 00
Total number of loans upon real e s t a t e , ...........................................177
Amount of investments from which no income is received, *
800 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
11,501 88
Times for the dividends fixed by the by-laws: April 1 and October 1;
payable April 8 and October 8.
Rate and amount of each semi-annual dividend | 2 per cent.,
$4,104 96 )
8,365 08
during the year ending Oct. 31, 1902,.
.
( 2 per cent.,
4,260 12 >
Number of accounts opened during the year ending Oct. 31, 1902,
. 130
Number of accounts closed during the year ending Oct. 31, 1902,
. 117
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,111
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
1,182 34
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
48,178 75
Number of s a m e , .............................................................................1,042
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .....................................................................................
45,892 58
Number of s a m e , ..................................................................................... 798
Date of examination by commissioner: September 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
241
SAYINGS BANK COMMISSIONERS.
G R E A T B A R R IN G T O N S A V IN G S B A N K — G R EAT
B A R R IN G T O N .
Incorporated Feb. 3, 1869.
Present number of corporators, 27.
G eorge C h u r c h , President.
C h ar le s J. T a y l o r , Treasurer.
C lar en c e R. Sa b in , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
W il l ia m C. H in m a n ,
Ch ar les J. T a y l o r ,
O rlan d o C. B id w e l l ,
W il l ia m W. N orton ,
M er r itt I. W h e e l e r .
Open for business every business day, 9 a . m . to 12 m . ; 1 to 3 p . m
.
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Cash on hand, .
.
.
.
$30,000
39,812
1,210
248,925
70,000
00
17
44
00
00
14,200
3.175
419,056
58,170
00
00
25
00
1,600
27,822
1,597
608
00
47
80
89
$916,178 02
Deposits, .
Guaranty fund,
Interest account,
$867,546 26
32,900 00
15,731 76
$916,178 02
Cash on Deposit in Banks, amount in each : —
National Mahaiwe Bank, Great B a r r i n g t o n , ...........................................$1,597 80'
Pynchon National Bank, Springfield,............................................................
1,512 22
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
26,310 25
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
242
REPORT OF TUE
[Pub. Doc.
Great Barrington Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
10
5
shares National Mahaiwe Bank, Great Barrington..............................
shares National Mahaiwe Bank, Great Barrington, .
.
.
.
$850 00
360 44
Detailed Statement o f Public Fiends.
Par Value.
City of Bridgeport, Conn., 3¿s,
of Chicago, 111., 4s, .
Estimated
Market Value.
Amount Invested.
$10,000
20,000
$10,212 50
21,600 00
$10,000 00
20,000 00
$30,000
$31,812 50
$30,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
10
10
25
125
4
14
54
8
41
24
1
3
Estimated
Par Value.
First National Bank, Adams, .
Atlantic Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston,.
Merchants Nat’l Bank, Boston,
N’ l B’k of Redemption, Boston,
National Suffolk Bank, Boston,
National Union Bank, Boston,
New England N’ l B’k, Boston,
Suffolk National Bank, Boston,
National Mahaiwe Bank, Great
Barrington, .
.
.
.
Lee National Bank, L ee,.
Pittsfield N’l Bank, Pittsfield,
Housatonic National B a n k ,
Stockbri dge, .
.
.
.
$1,000
1,000
1,000
2,500
12,500
400
1,400
5,400
Market Value.
$1,200
1,300
1,370
4,775
21,250
532
2,380
8,478
48
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,280
1,345
1,300
3,392
13,680
508
1,890
7,290
00
00
00
50
00
00
00
00
_
4,100
2,400
100
5,330 00
3,960 00
125 00
5,125 00
3,416 67
135 00
300
450 00
450 00
$32,100
$51,198 00
$39,812 17
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Amount Invested.
$30,000
10,000
39,000
$32,525 00
10,125 00
43,950 00
$30,000 00
10,000 00
39,000 00
30,000
29,850 00
29,925 00
Par Value.
Boston & Loweil R R. 4s,
Boston & Maine R.R. 3ès,
Boston & Maine R.R. 4s, .
Chicago, Burlington & Quincy R.R.
3 è s , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
243
Great Barrington Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.
Amount Invested.
$40,000
$43,950 00
$40,000 00
30,000
30,600 00
30,000 00
15,000
55,000
17,137 50
61,250 00
15,000 00
55,000 00
Par Value.
Fitchburg R.R. 4s, .
New York, New Haven & Hartford
R R. 8 à s , ..................................
New York, New Haven & Hartford
R.R. 4 s,...........................................
Old Colony R.R. 4 s ,.
$249,000
$269,387 50 $248,925 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$70,000
Estimated
Market Value.
$80,850 00
Amount Invested.
$70,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$26,310 25
7,000 00
Rate.
Amount.
Rate.
3 per cent.
H
“
$439,280 44
5 per cent.
Amount.
$35,268 47
Rate.
6 per cent.
Amount invested in real estate for banking purposes,...........................$14,200
00
Estimated value of the s a m e , ..........................................................
14,200
00
Assessed value of the s a m e ,...................................................................
9,000
00
Net income received from same during year ending Oct. 31, 1902, .
.
451 70
Value, by books, of other real estate, held or owned by foreclosure or
otherwise.................................................................................................
3,175
00
Assessed value of the s a m e ,..................................................................
2,584
00
Net income received from same during year ending Oct. 31, 1902, .
.
7 56
Number of loans which are of an amount not exceeding $3,000 each, 253
Aggregate amount of the s a m e , ....................................................................
237,116 69
Total number of loans upon real e s t a t e , ...........................................246
Amount of investments from which no income is received,
.
.
.
1,500 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
37,191 51
Times for the dividends fixed by the by-laws: first Thursday in January
and July; payable on same days.
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Federal Reserve Bank of St. Louis
244
REPOET OF THE
[Pub. Doc.
Great Barrington Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 1| per cent., $13,729 71 )
during the year ending Oct. 31, 1902,
.
1 1| per cent., 13,959 78 3
Number of accounts opened during the year ending Oct. 31, 1902,
497
Number of accounts closed during the year ending Oct. 31, 1902,
325
Total number of open accounts Oct. 31, 1902,
.
.
.
.
3,164
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,61437
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
168,465 44
Number of s a m e , .............................................................................2,708
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902,
..............................................................................................
151,410 00
Number of same................................................................................. 2,003
Date of examination by commissioner : July 23.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
245
G R E E N F IE L D SA V IN G S B A N K — G R E E N F IE L D .
Incorporated March 19, 1869. Present number of corporators, 22.
R
obert
W il l i a m G. P a c k a r d , Treasurer.
A b e r c r o m b ie , President'.
S a m u e l D. C o n a n t , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
W il l ia m A . F o rbe s,
R o b e r t A b e r c r o m b ie ,
L e v i J. G u n n ,
Ch arles R . L o w ell,
S e o r e m B. S l a t e .
Open fo r business every business d a y , 9 a . m . to 3 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Interest account,
Cash on hand, . . .
.
L ia b il it ie s .
$123,445
2,690
790,000
3,610
1,687,517
596,824
00
00
00
87
48
06
9,200
154,550
2,591
4,678
6,907
00
65
72
42
59
$3,382,015 79
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$3,233,808 57
126,000 00
22,207 22
$3,382,015 79
Cash on Deposit in Banks, amount in each : —
Athol National Bank, A t h o l , ..................................................................... $10,000 00
Miller’ s River National Bank, A th o l,...........................................................
15,000
National Bank of Commerce, B o s t o n , ...................................................
18,955
Peoples National Bank, Brattleboro’, V t . , ...................................................
9,000
Franklin County National Bank, G r e e n fie ld ,...........................................
57,088
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
87
00
66
246
[Pub. Doc.
REPORT OF THE
Greenfield Sayings Bank — Continued.
Packard National Bank, G reen field ,................................................................... $27,506 12
Holyoke National Bank, H o l y o k e , ...........................................................
5,000 00
Third National Bank, S p r i n g f i e l d ,............................................................
12,000 00
Loans on Bank Stock, amount on each : —
8
3
22
shares Conway National Bank, C o n w a y , .......................................
shares Miller’ s River National Bank, A th ol,.......................................
shares Packard National Bank, G reen field,.......................................
$640 00
250 00
1,800 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
37
70
38
30
69
6
10
20
5
12
75
34
50
14
138
60
12
10
Athol National Bank, Athol, .
Boylston Nat’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,.
N’ l B’k of Redemption, Boston,
National City Bank, Boston, .
Second National Bank, Boston,
South End Nat’l Bank, Boston,
State National Bank, Boston, .
First National Bank, Chicopee,
Conway Nat’l Bank, Conway,
First Nat’l Bank, Greenfield, .
City National Bank, H olyoke,.
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Adams N’l B’k, Noi’th Adams,
First Nat’l B’k, Northampton,
Hampshire Co. National Bank,
Northampton,
55 Orange Nat’l Bank, Orange, .
67 Palmer Nat’ l Bank, Palmer, .
22 Shelburne Falls National B’k,
Shelburne Falls, .
75 Chapin Nat’l B’k, Springfield,
18 Chicopee N’l B’k, Springfield,
45 City Nat’l Bank, Springfield, .
70 First Nat’l Bank, Springfield, .
36 Second Nat’l B’k, Springfield,.
110 Third Nat’l Bank, Springfield,
5 Crocker N’l B’k, Turner’s Falls,
50 First Nat’l Bank, Westfield, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$3,700
7,000
3,800
3,000
6,900
_
1,000
2,000
500
1,200
7,500
3,400
5,000
1,400
13,800
6,000
1,200
1,000
5,500
6,700
2,200
7,500
1,800
4,500
7,000
3,600
11,000
500
5,000
$123,700
Estimated
Market Value.
$3,700
7,700
7,258
3,210
11,730
6
1,890
1,640
760
1,560
7,500
5,100
5,500
1,778
20,700
7,080
1,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
1,020 00
9,350 00
6,700 00
3,300
9,000
2,700
6.525
7,350
4,680
24,200
700
6,500
00
00
00
00
00
00
00
00
00
Amount Invested.
$3,700
7,000
3,800
3,000
6,900
00
00
00
00
00
-
1,000
2,000
500
1,200
7,245
3,400
5,000
1,400
13,800
6,000
1,200
00
00
00
00
00
00
00
00
00
00
00
1,000 00
5,500 00
6,700 00
2,200
7,500
1,800
4,500
7,000
3,600
11,000
500
5,000
00
00
00
00
00
00
00
00
00
$170,637 00 $123,445 00
No. 8.]
SAVINGS BANK COMMISSIONERS.
247
Greenfield Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3s, .
Chic., Burlington & Quincy R.R 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
Dexter & Newport R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4ès, .
.
.
.
Illinois Central R.R. 3s, .
Illinois Central R.R. 3ès,.
Mahoning Coal R.R. 5s, .
Milwaukee, Lake Shore & Western
R.R. 5 s,...........................................
Newport & Richford R.R. 5s, .
New York & New England R R.
(terminal) 4s,
. . .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
$50,000
50,000
125,000
55,000
20,000
10,000
50,000
10,000
100,000
100,000
20,000
$53,062
46,000
124,375
56,650
22,500
10,600
52,875
11,000
86,000
99,000
25,200
50
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$50,000
50,000
124,600
55,000
20,000
10,000
50,000
10,000
90,400
100,000
20,000
00
00
00
00
00
00
00
00
00
00
00
75,000
10,000
92,625 00
10,650 00
75,000 00
10,000 00*
50,000
61,000 00
50,000 00
25,000
50,000
28,562 50
56,250 00
25,000 00
50,000 00
$800,000
*
Estimated
Market Value.
$836,350 00 $790,000 00
A legal investment when made.
Total A m ou nt o f L o a n s , with E ach Specified R ate o f Interest.
Amount.
$18,955 87
120,594 78
15,000 00
Kate.
2 per cent.
2é
“
3¿
“
Amount.
$62,377 78
25,000 00
81,740 00
Kate.
4 per cent.
4Ì
“
4i
“
Amount.
Rate.
$1,947,638 76 5 per cent.
66,100 00 5è
“
113,375 00 6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$3,610 87
Assessed value of the s a m e ,.............................................................................
3,300 00
Number of loans which are of an amount not exceeding $3,000 each, 738
Aggregate amount of the s a m e , ....................................................................
830,722 54
Total number of loans upon real e s t a t e , ...........................................842
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
152,578 20
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $58,517 67 1
119,367 80
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
60,850 13 J
Number of accounts opened during the year ending Oct. 31, 1902,
1,019
Number of accounts closed during the year ending Oct. 31, 1902,
. 540
Total number of open accounts Oct. 31, 1902,
.
.
.
.
7,394
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
248
REPORT OF THE
[Pub. Doc.
Greenfield Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................$6,460 62
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
479,869 78
Number of s a m e , .............................................................................5,062
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
360,885 54
Number of s a m e , .............................................................................4,086
Date of examination by commissioner : September 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
249
HAMPDEN SAVINGS BANK — SPRINGFIELD.
Incorporated April 13, 1852.
Present number of corporators, 41.
C. L. Ga r d n e r , President.
P. S. B a il e y , Treasurer.
P. S. B a il e y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
C. L. Ga r d n e r ,
D w ig h t 0 . G il m o r e ,
F. E. Ca r p e n t e r ,
F. H. S t e b b in s .
Open for business every business day except Saturdays, 9 a . m . to 4 p . m . ; Saturdays,
9 a . m . to 12 M.
B a l a n c e S h e e t O c t . 81, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures,
Cash on hand, .
. . .
L ia b il it ie s .
$50,000 00
187,263 00
16,950 00
850,000 00
19,900 00
283,468 75
58,123 58
1,033,670 00
985,935 00
35,000 00
9,044 72
2,052 27
6,000 00
6,474 68
$3,543,882 00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$3,358,816 71
159,300 00
12,848 39
12,916 90
$3,543,882 00
Cash on Deposit in Banks, amount in each : —
Eliot National Bank, B o s t o n , .................................................................... $5,000 00
Hampshire County National Bank, N orth a m p ton ,..................................
5,000
Agawam National Bank, Springfield,............................................................
79
City National Bank, S p r i n g f i e l d , ............................................................
5,000
John Hancock National Bank, S p r i n g f i e l d , ...........................................
18,965
Hampden Trust Company, Springfield..........................................................
10,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
52
00
20
00
250
[Pub. Doc.
REPORT OF THE
Hampden Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
10 shares Chapin National Bank, Springfield, .
10 shares First National Bank, Springfield,
14 shares Agawam National Bank, Springfield, .
24 shares First National Bank, Springfield,
6 shares Second National Bank, Springfield, .
5 shares First National Bank, Chicopee, .
3 shares Chapin National Bank, Springfield,
2 shares Agawam National Bank, Springfield, .
5 shares Park National Bank, Holyoke, .
10 shares Agawam National Bank, Springfield, .
20 shares Agawam National Bank, Springfield,.
10 shares Home National Bank, Holyoke, .
25 shares City National Bank, Holyoke,
45 shares City National Bank, Springfield,
$
i
1,000 00
1,000 00
3,000 00
500
500
300
200
500
750
1.500
}
00
00
00
00
00
00
00
3,200 00
4.500 00
Loans on Railroad Stock, amount on each : —
10 shares Boston & Albany R.R.,
2 shares Boston & Albany R .R ...........................
12 shares New York, New Haven & Hartford R .R.,
50 shares New York, New Haven & Hartford R.R.,
45 shares Old Colony R . R . ,..................................
14 shares New York, New Haven & Hartford R.R.,
$1,400 00
250 00
2,050 00
}
15,000 00
1,200 00
Detailed Statement o f Public Funds.
Par Value.
City of Providence, R. I., 3s,
.
$50,000
Estimated
Market Value.
$49,500 00
Amount Invested.
#50,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
28
31
50
50
50
60
40
200
20
18
64
Par Value.
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Shawmut Bank, Boston,.
First National Bank, Chicopee,
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Monson Nat’l Bank, Monson, .
First N’l Bank, Northampton, .
Hampshire County N’l Bank,
Northampton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,800
3,100
5,000
5,000
5,000
6,000
4,000
20,000
2,000
1,800
6,400
Estimated
Market Value.
$4,956
3,410
8,500
8,000
11,750
7,800
5,080
30,000
2,500
2,250
00
00
00
00
00
00
00
00
00
00
6,528 00
Amount Invested.
$2,800
3,100
6,700
6,300
7,500
7,920
4,732
23,056
2,200
1,800
00
00
00
00
00
00
00
00
00
00
7,060 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
251
Hampden Savings Bank — Continued.
No. of
Shares.
D etailed Statem ent o f B ank Stocks — Concluded.
30
85
25
260
250
50
50
50
74
75
Par Value.
First Nat’l B’k, Norwich, Ct., .
Thames N’l B’k, Norwich, Ct.,
Uncas N’l Bank, Norwich, Ct.,
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.
Third Nat’l Bank, Springfield,
Ware National Bank, Ware, .
$3,000
8,500
2,500
26,000
25,000
5,000
5,000
5,000
7,400
7,500
Estimated
Market Value.
$3,000
14,450
2,500
23,400
30,000
7,500
5,250
00
00
00
00
00
00
00
5,100 00
16,280 00
7,875 00
Amount Invested.
$3,000
12,285
2,500
26,000
27,500
8,600
6,525
00
00
00
00
00
00
00
6,075 00
11,560 00
10,050 00
$156,000 $206,129 00 $187,263 00
D etailed Statem ent o f R ailroad Bonds.
Par Value.
Boston & Alban}* R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3is,
Connecticut River R.R. 4s,
Fitchburg R.R. 3£s, .
.
.
.
Fitchburg R.R. 4s, .
Holyoke & Westfield R.R. 4s, .
Illinois Central R.R. 3ès, .
N. Y. & N. E. R.R. (terminal) 4s, .
New York, New Haven & Hartford
R R. 3ès,
.
.
.
.
.
Old Colony R.R. 4s, .
$50,000
50,000
50,000
50,000
100,000
200,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
Estimated
Market Value.
$53,000
52,500
50,750
53,750
99,500
228,000
50,750
54,875
52,000
49,500
61,000
00
00
00
00
00
00
00
00
00
00
00
51,500 00
54,750 00
Amount Invested.
$50,000
50,000
50,000
50,000
100,000
200,000
50,000
50,000
50,000
50,000
50,000
00
00
00
00
00
00
00
00
00
00
00
50,000 00
50,000 00
$850,000 $911,875 00 $850,000 00
B oston T erm inal Com pany Bonds.
Par Value.
Boston Terminal Company 3£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$250,000 $288,750 00 $283,468 75
[Pub. Doc.
REPORT OF THE
252
Hampden Savings Bank — Concluded.
Total A m ount o f L oa n s , w ith E ach Specified B ate o f Interest.
Amount.
$5,000 00
5,000 00
265,000 00
Rate.
2 per cent.
3
“
4
“
Amount.
$43,000 00
688,300 00
Rate.
Amount.
Rate.
4) per cent.
$1,065,155 00
20,000 00
5 per cent.
H
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 269
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................304
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : February 15 and August 15;
payable February 20 and August 20.
Rate and amount of each semi-annual dividend j If per cent., $55,818 75 (
during the year ending Oct. 31, 1902,
.
( If per cent., 56,655 59 1
Number of accounts opened during the year ending Oct. 31, 1902,
1,123
Number of accounts closed during the year ending Oct. 31, 1902,
. 920
Total number of open accounts Oct. 31, 1902,
.
.
.
.
6,504
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................5,576
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
Number of s a m e , .............................................................................4,757
Date of examination by commissioner: May 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$58,123 58
33,200 00
389,005 00
35,000 00
145,618 65
112,474 34
10,035 50
521,926 03
554,717 67
No. 8.]
253
SAVINGS BANK COMMISSIONERS.
H AVERHILL SAVINGS B A N K —H AVERHILL.
Incorporated February 8, 1828. Present number of corporators, 40.
E lb r id g e G. W
President.
R aym o n d N o ye s , Treasurer.
R aym ond N oyes , Clerk o f the Corporation.
ood ,
Names of committee charged with the investment of its funds:
E l b r id g e G. W
ood ,
D u d l e y P or t er ,
John L. H obson .
Open for business every business day except Saturdays, 9 a .m . to 2
9 a .m . to 12.30 p m .
Balance
Sh eet
Oct.
p .m .
; Saturdays,
31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Real estate (for banking purposes), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Real estate expense account,
Insurance and taxes paid,.
Bank stock,*
.
.
.
.
Cash on hand, .
.
. . .
•
$644,000
341,578
17,550
1,629,645
52,700
00
00
00
00
00
60 000
40.444
1,152,775
1,846,832
00
05
00
67
25,000
219,570
88
48
218
6,283
13,822
00
23
70
19
38
29
40
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rent accounts,
Suspense account, .
Premium account, .
$6,050,555 91
$5,646,974 57
281,000 00
4,784 28
113,627
390
2,005
1,773
96
24
11
75
$6,050,555 91
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
. . . .
First National Bank, H averhill,..........................................
Haverhill National Bank, H a v erh ill,..................................
Haverhill Safe Deposit and Trust Company, Haverhill, .
Merchants National Bank, Haverhill,
. . .
.
Merrimack National Bank, Haverhill,
. . . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$19,930 58
20,000 00
78,639
30.000
26.000
45,000
65
00
00
00
254
REPORT OF THE
[Pub. Doc.
Haverhill Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
25 shares Amesbury National Bank, Amesbury,
24 shares Beacon Trust Company, Boston,..................................
27 shares Second National Bank, Haverhill,
.
.
.
.
13 shares Second National Bank, Haverhill,
.
. . .
30 shares Second National Bank, Haverhill,
. . .
.
6
shares Lawrence National Bank, Lawrence, .
.
.
.
40 shares Haverhill Safe Deposit and Trust Company, Haverhill,
10 shares Second National Bank, Haverhill,
. . . .
25 shares Somerville National Bank, Somerville,
5 shares Second National Bank, Haverhill...............................
5 shares Merrimack National Bank, Haverhill,
9 shares National Bank of the Republic, Boston,
$
2,000 00
1.500
2.500
1,250
3,000
300
I
00
00
00
00
00
3,000 00
1
I
[
I
4,000 00
J
Loans on Railroad Stock, amount on each : —
350 shares New York, New Haven & Hartford R.R.,
. . . .
66 shares Boston & Maine R . R . , ...........................................................
$50,000 00
2,700 00
Detailed Statement o f Public Funds.
Par Value.
•
City of Bay City, Mich., 4s,
of Boston, Mass., 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Danbury, Conn., 4s,
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Gloucester, Mass., 3ès,
of Indianapolis, Ind., 3£s.,
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 5s, .
of Manchester, N. H., 4s,.
of Medford, Mass., 4s,
of Meriden, Conn., 3£s, .
of Middletown, Conn , 3és,
of New Britain, Conn., 4s,
of Newton, Mass., 4s,
of Pawtucket, R. I., 4s, .
of Wilkes-Barre, Pa., 3ès,
Town of Bradford, Mass., 4s, .
of Bradford, Mass., 4às,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$20,000
$21,325 00
75,000
82,312 50
100,000
108,500 00
25,000
26,500 00
25,000
26,625 00
20,000
21,650 00
1,000
1,070 00
20,000
20,550 00
29,000
29,228 75
57,000
62,130 00
5,000
5,162 50
70,000
74,925 00
10,000
10,887 50
21,000
21,342 50
35,000
35,787 50
10,000
10,800 00
45,000
48,262 50
25,000
25,843 75
21,500 . 21,926 25
25,000
25,750 00
4,500
4,702 50
$644,000
Amount Invested.
$20,000
75,000
100,000
25,000
25,000
20,000
1,000
20,000
29,000
57,000
5,000
70,000
10,000
21,0U0
35,000
10,000
45,000
25,000
21,500
25,000
4,500
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
$685,281 25 $644,000 00
Legal Investments when made.
No. 8.]
255
SAYINGS BANK COMMISSIONERS.
Haverhill Savings Bank — Continued
No. o f
Shares.
|j
1
Detailed Statement o f Bank Stocks.
16
200
136
50
100
100
50
187
100
50
329
225
150
150
450
80
33
141
100
100
30
100
96
375
300
50
Par Value.
Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Central National Bank, Boston,
Colonial Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
First National Bank, Boston, .
Fourth National Bank, Boston,
Manufacturers N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston,
Nat’l Suffolk Bank, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,
First National Bank, Chelsea,.
Essex Nat’l Bank, Haverhill, .
First Nat’l Bank, Haverhill, .
Haverhill Nat’l B’k. Haverhill,
Merrimack N’l B’k, Haverhill,
Bay State N’l B’k, Lawrence, .
f 1,600
20,000
3,128
5,000
10,000
10,000
5,000
18,700
-
5,000
32,900
22,500
-
15,000
45,000
8,000
3,300
14,100
-
-
3,000
10,000
9,600
37,500
30,000
3,750
Estimated
Market, Value.
$1,760
23,000
816
6,250
15,000
13,700
8,850
24,310
200
9,550
55,930
36,000
150
22,800
105,750
10,640
3,894
21,432
600
2,200
3,000
7,500
13,920
63,750
43,500
5,750
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,600
20,000
3,128
5,000
14,000
10,000
5,000
18,700
00
00
00
00
00
00
00
00
-
5,000 00
32,900 00
22,500 00
-
15,000
67,500
10,000
3,300
14,100
00
00
00
00
00
_
-
3,000
10,000
9,600
37,500
30,000
3,750
00
00
00
00
00
00
$313,078 $500,252 00 $341,578 00
Detailed Statement of Railroad Bonds.
Estimated
Market Value.
Par Value.
Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4£s,.
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R.
3 è s , ..................................
Chic., Burlington & Quincy R.R.
4s, . . .
Cleveland & Pittsburgh R.R. 3ès,
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R.R. 4s, .
Erie & Pittsburgh R.R. 3£s,
Fitchburg R.R. 4s,
Illinois Central R.R. 3s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount Invested.
$64,000 00
133,000 00
150,000 00
$66,377 50
165,585 00
161,250 00
$64,000 00
133,000 00
150,000 00
25,000 00
24,750 00
25,000 00
50,000
25,000
75,000
15,000
123,000
125,000
50,000
00
00
00
00
00
00
00
51,500
25,500
80,812
16,575
124,230
130,312
43,500
00
00
50
00
00
50
00
50,000
25,000
75,000
15,000
123,000
125,000
45,312
00
00
00
00
00
00
50
[Pub. Doc.
REPORT OF THE
256
Haverhill Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
•
Estimated
Par Value.
Illinois Central R.R. 3is, .
Illinois Central R.R. 4s, .
Illinois Central R.R. 5s, .
Kansas City, St. Joseph & Coun
cil Bluffs R.R. 7s, .
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Minnesota & Iowa R.R. 3ès,
N .Y . & N. E. R.R. (terminal) 4s,
New York, New Haven & Hart
ford R.R. 3às,
New York, New Haven & Hart
ford R.R. 4s, .
Old Colony R.R. 3^s,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s, .
Worcester, Nashua & Roch. R.R.
4 s , ...........................................
Market Value.
Amount Invested.
$95,000 00
50,000 00
24,332 50
$93,575 00
55,000 00
24,332 50
$95,000 00
50,000 00
24,332 50
40,000
80,000
50,000
100,000
25,000
44,800
83,600
54,250
101,000
30,500
40,000
80,000
50,000
100,000
25,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
110,000 00
113,300 00
110,000 00
50,000
25,000
100,000
20,000
57,000
25,500
110,250
21,500
50,000
25,000
100,000
20,000
00
00
00
00
30,000 00
00
00
00
00
00
00
00
00
30,000 00
31,350 00
$1,634,332 50 $1,736,350 00 $1,629,645 00
Total Amount of Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
$98,570
121,000
50,0i)0
50,000
23
00
00
00
2^ per cent.
3
«
!
“
Amount.
$1,066,500
316,082
275,950
53,000
Rate.
00 4 per cent.
67 4i
“
00 4è
“
“
00 4|
Kate.
Amount.
$1,210,650 00
12,900 00
59,775 00
5 per cent.
5à
“
6
Amount invested in real estate for banking purposes,.................................. $60,000 00
Estimated value of the s a m e , ....................................................................
60,000 00
Assessed value of the s a m e ,.............................................................................
47,250 00
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
40,444 05
Assessed value of the s a m e ,.................................................................... ........
38,025 00
Net income received from same during year ending Oct. 31, 1902,
.
.
698 43
Number of loans which are of an amount not exceeding $3,000 each, 479
Aggregate amount of the s a m e , ....................................................................
639,182 67
Total number of loans upon real e s t a t e , ...........................................541
Amount of investments from which no income is received,
.
.
.
19,41129
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1902....................................................................
252,041 29
Times for the dividends fixed by the by-laws : third Wednesday in April
and October; payable on the fourth Wednesday in April and October.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SAVINGS BANK COMMISSIONERS.
257
Haverhill Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 1| per cent., $94,301 68 i
during the year ending Oct. 31,1902,
.
1 1| per cent., 94,645 83 j $1^8,947 51
Number of accounts opened during the year ending Oct. 31, 1902,
1,379
Number of accounts closed during the year ending Oct. 31, 1902,
1,264
Total number of open accounts Oct. 31, 1902,
. . .
.
15,354
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
8,655 61
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
653,361 00
Number of s a m e , ............................................................................ 11,770
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
773,055 26
Number of s a m e , ............................................................................ 10,846
Date of examination by commissioner : November 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
258
REPORT OF THE
[Pub. Doc
H A Y D E N V IL L E S A V IN G S B A N K — H A Y D E N V IL L E .
Incorporated March 17, 1869.
Present number of corporators, 44.
C. D. W a it e , President.
W il b e r M. P u r r in g to n , Treasurer.
H e n r y C. Sm it h , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
T. P. L a r k in ,
L e m u el C. G r a v e s ,
G eorge M a r k s ,
B yr o n L o om is ,
C. D. W a it e .
Open for business every business day except Saturdays, 9
days, 9 a .m . to 12 M.
a .m .
to 4 p . m .; Satur
B a l a n c e S h e e t O c t . 31, 1902.
AS 8E TS.
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Insurance and taxes,
Furniture and fixtures,
Cash on hand, . . . .
L ia b il it ie s .
$34,350
250
14,000
39,400
12,566
278,378
33,230
00
00
00
00
75
20
21
1,553
1,435
20,154
554
28
4,100
271
34
01
01
63
38
00
90
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$440,272 43
$428,132 22
10,000 00
2,065 34
74 87
$440,272 43
Cash on Deposit in Banks, amount in each : —
Northampton National Bank, Northampton,
Hampshire County National Bank, Northampton,
.
$13,789 05
6,364 96
Loans on Bank Stock, amount on each : —
4 shares Hampshire County National Bank, Northampton,
8 shares Ware National Bank, W a re,..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$150 00
100 00
No. 8.]
259
SAYINGS BANK COMMISSIONERS.
Haydenville Savings Bank — Continued.
No. o f I
Shares.
Detailed Statement o f Bank Stocks.
46
33
21
25
25
25
42
40
9
10
10
25
Par Value.
Conway Nat’l Bank, Conway,.
Danbury N’l B’k, Danbury, Ct.,
First N’l Bank, Easthampton,
City National Bank, Holyoke,
Home Nat’l Bank, Holyoke, .
Park National Bank, Holyoke,
First Nat’l B’k, Northampton,
Hampshire County National
Bank, Northampton, .
Northampton National Bank,
Northampton,
Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield,
John Hancock National Bank,
Springfield, .
.
.
.
$4,600
3,300
2,100
2,500
2,500
2,500
4,200
Estimated
Market Value.
$4,600
3,300
2,100
2,750
3,000
2,500
5,250
00
00
00
00
00
00
00
Amount Invested.
$4,600
3,300
2,100
2,750
3,000
2,500
5,250
00
00
00
00
00
00
00
4,000
4,080 00
4,000 00
900
1,000
1,000
1,800 00
1,500 00
1,050 00
1,800 00
1,500 00
1,050 00
2,500
2,550 00
2,500 00
$31,100
$34,480 00
$34,350 00
Detailed Statement o f Railroad Bonds.
Par Value.
Illinois Central R.R. 3^s,.
Maine Central R.R. 4s,
Estimated
Market Value
Amount Invested
$10,000
4,000
$9,900 00
4,200 00
$10,000 00
4,000 00
$14,000
$14,100 00
$14,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$35,000
Estimated
Market Value.
$40,425 00
Amount Invested.
$39,400 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$20,154 01
165,385 00
Rate.
3J per cent.
5
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$47,203 34
Rate.
Amount.
5i per cent.
$102,258 42
Rate.
6 per cent.
260
REPORT OF THE
[Pub. Doc.
Haydenville Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$12,566 75
Assessed value of the s a m e ,............................................................................
11,180 00
Number of loans which are of an amount not exceeding $3,000 each, 437
Aggregate amount of the s a m e , ....................................................................
256,046 76
Total number of loans upon real e s t a t e , ...........................................292
Amount of investments from which no income is received,
.
.
.
2,000 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
19,634 86
Times for the dividends fixed by the by-laws : second Tuesday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $7,064 07 1 ^ Qgg
during the year ending Oct. 31, 1902,
.
I 1| per cent.,
7,034 191
’
Number of accounts opened during the year ending Oct. 31, 1902, . 172
Number of accounts closed during the year ending Oct. 31, 1902,
. 142
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,314
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
.....................................................................................
2,034 23
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
83,034 53
Number of s a m e , ............................................................................ 1,122
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
83,649 72
Number of s a m e ,.....................................................................................970
Date of examination by commissioner: March 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
261
SAVINGS BANK COMMISSIONERS.
H IN G H A M IN S T IT U T IO N FOR S A V IN G S — H IN G H A M .
Incorporated April 2, 1834. Present number of corporators, 56.
E nos L o r in g , President.
H o w a r d P. H e r s e y , Treasurer.
H o w a r d P. H e r s e y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
E nos L o r in g ,
F r a n c is H . L in c o l n ,
E d m u n d H e r s e y , 2d ,
W m .
F e a r in g , 2 d .
Open for business every business day except Saturdays, 8 a . m . to 12 m . ; 1 to 4
Saturdays, 8 a . m . to 12 m .
B alance
Sheet
Oct.
p
.m . ;
31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses) .............................................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Miscellaneous stocks,*
Cash on hand, . . . .
$169,000
38,608
1,700
499,700
114,000
00
00
00
00
00
5,000
44,965
1,150,123
506,974
00
00
26
00
65,700
100
26,511
4,612
1,792
20,000
868
00
00
97
50
97
00
69
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$2,649,656 39
*
$2,467,730 48
123,254 00
37,620 00
18,989 41
2,062 50
$2,649,656 39
Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
National Webster Bank, B o s t o n , ! ........................................................... $1,612 50
National Bank of Redemption, B o s t o n , ...................................................
8,217 39
Hingham National Bank, Hingham, ............................................................
21,294 58
Loan on Bank Stock: —
25 shares Fourth National Bank, B o s t o n , ................................................... $1,700 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
262
Hingham Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
City of Dayton, Ohio, 3£s,
of Fall River, Mass., 3£s,
of Gloucester, Mass., 3ès,
of Kansas City, Mo., 4£s,.
of Lynn, Mass., 4s, .
of Medford, Mass., 4s,
of Quincy, Mass., 3Js,
of St. Joseph, Mo., 3ès, .
Town of Belmont, Mass., 3ès, .
of Melrose, Mass., 4s, .
of Milton, Mass., 3£s, .
of Warren, R.I., 3£s,
$10,000
5,000
10,000
45,000
15,000
10,000
5,000
8,000
25,000
10,000
3,000
10,000
10,000
Estimated
Market Value.
$10,925
5,025
10,150
46,036
17,437
10,465
5,162
8,060
25,125
10,225
3,097
. 10,225
10,062
00
00
00
25
50
00
50
00
00
00
50
00
50
Amount Invested.
$10,900
5,000
10,000
46,800
15,000
10,000
5,000
8,000
25,000
10,000
3,000
10,300
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$166,000 $171,996 25 $169,000 00
Detailed Statement o f Bank Stocks.
«O
M0
g2
O3
*ë
75 Atlas National Bank, Boston, .
8 First National Bank, Boston, .
24 N ’l B’k of Commerce, Boston,
75 N’l B’k of the Republic, Boston,
54 National City Bank, Boston, .
40 National Webster B’k, Boston,
12 New England N’l B’k, Boston,
50 Tremont Nat’l Bank, Boston, .
20 Brockton N’l Bank, Brockton,.
23 First National Bank, Chelsea,.
89 Hingham N’l Bank, Hingham,
14 Union Nat’l Bank, Weymouth,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$7,500
800
2,400
7,500
-
4,000
1,200
2,500
2,000
2,300
8,900
1,400
$40,500
Estimated
Market Value.
$8,625
1,416
3,600
12,000
54
4,720
1,884
250
2,400
2,300
9,122
1,050
00
00
00
00
00
00
00
00
00
00
50
00
$47,421 50
Amount Invested
$7,500
800
2,400
7,500
108
4,000
1,200
500
2,000
2,300
8,900
1,400
00
00
00
00
00
00
00
00
00
00
00
00
$38,608 00
No. 8.]
263
SAVINGS BANK COMMISSIONERS.
Hingham Institution for Savings— Continued.
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Burlington & Missouri River R.R. 6s,
Chicago, Burlington & Quincy R.R.
3 ¿ s , ...........................................
Chicago, Burlington & Quincy R.R.
4 s , ...........................................
Cleveland & Pittsburgh R.R. 3£s, .
Cleveland & Pittsburgh R.R. 4<|s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3às,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3¿s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Minnesota & Iowa R.R. 3ès, .
New York, New Haven & Hartford
R.R. 3ès,
..................................
New York, New Haven & Hartford
R.R. 4 s,...........................................
Old Colony R.R. 3és,
Old Colony R.R. 4s............................
Upper Coos R.R. 4¿s,
Market Value.
Amount Invested.
$ 10,000
25,000
33,000
$10,525 00
25,310 50
39,270 00
$10,000 00
25,800 00
37,500 00
30,000
29,850 00
30,000 00
25,000
20,000
30,000
10,000
6,000
5,000
25,000
25,000
45,000
18,000
25,000
25,750
20,200
36,600
10,800
6,495
5,050
27,375
24,750
49,725
18,765
25,000
25,000
20,900
37,600
10,900
6,000
5,000
25,000
25,000
49,900
18,400
25,000
40,000
40,800 00
41,700 00
10,000
20,000
25,000
40,000
11,425
20,400
27,343
46,700
11,700
20,600
28,300
45,400
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$467,000 $502,134 25 $499,700 00
Boston Terminal Company Boiids.
Par Value.
Estimated
Market Value.
Amount Invested.
$100,000 $115,500 00 $114,000 00
Boston Terminal Company 3és,
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$26,511
39,700
58,000
326,555
167,000
97
00
00
00
00
2 per cent.
3è
“
3|
“
4
“
4¿
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
Amount.
$25,000
241,050
35.000
669,041
15.000
00
00
00
26
00
4f per cent.
4¿
“
4|
“
5
“
5i
“
Amount.
$40,624 00
101,447 00
6,180 00
Rate.
5£ per cent.
6
«
7
264
REPORT OF THE
[Pub. Doc.
Hingham Institution for Savings — Concluded.
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 342
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................436
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , .................................. ........
Times for the dividends fixed by the by-laws: first Tuesday in January
and July; payable the following day.
Rate and amount of each semi-annual dividend i 2 per cent., $47,917 21 |
during the year ending Oct. 31, 1902,
.
i 2 per cent.,
48,212 33 J
Number of accounts opened during the year ending Oct. 31, 1902,
367
Number of accounts closed during the year ending Oct. 31, 1902,
353
.
. . .
4,954
Total number of open accounts Oct. 31, 1902,
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.
.............................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,...................................................
Number of same.................................................................................2,282
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .....................................................................................
Number of s a m e , .............................................................................2,641
Date of examination by commissioner: August 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000 00
4,000 00
2,500 00
44,965 00
52,550 00
415,094 00
25,100 00
111,909 88
96,129 54
5,498 55
205,198 69
280,870 89
No. 8.]
SAYINGS BANK COMMISSIONERS.
285
H O LL IST O N S A V IN G S B A N K — H O LL IST O N .
Incorporated Feb. 27, 1872.
Present number of corporators, 41.
G eorge A . B a r tl e tt , President.
O r r in T h om son , Treasurer.
O r r in T h om son , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
G eorge A . B a r tl e tt ,
U r ie l C u t l er ,
J oseph H. D e w in g ,
W il l ia m D a n ie l s ,
A loise M a e d e r .
Open for business every business day except Saturdays, 9 a . m . to 12 m . ; 1.30 to
3.30 p .m . ; Saturdays, 9 a . m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stocl^as per schedule,
Loans on Bwnk stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Tax account,
. . . .
Insurance account,
Furniture and safe, .
Cash on hand, .
. . .
L ia b il it ie s .
$8,000
17,575
2,100
28,000
00
00
00
00
5,690
10,275
214,907
29,006
00
00
00
50
28,140
32,067
726
366
258
4,637
00
08
87
60
22
47
$381,749 74
Deposits, .
Guaranty fund,
Interest account,
Surplus account,
$336,264
17,400
19,099
8,985
94
00
30
50
$381,749 74
Cash on Deposit in Banks, amount in each : —
Central National Bank, Boston, .
.
.
.
National Shawmut Bank, Boston,
Framingham National Bank, South Framingham,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,721 13
11,294 54
11,051 41
REPORT OF THE
266
[Pub. Doc.
H o llis to n Savings B ank — Continued.
Loans on Bank Stock, amount on each: —
35 shares Central National Bank, Boston,
8 shares Framingham National Bank, South Framingham,
$1,300 00
800 00
.
i*
Detailed Statement o f Public Funds.
Estimated
Market Value.
New Hampshire 6s, .
County of Middlesex, Mass., 4s,
City o f Milwaukee, Wis., 5s, .
o f Quincy, Mass., 3£s,
$2,000
1,000
4,000
1,000
$2,000
1,000
4,260
1,000
00
00
00
00
$8,000
$8,260 00
$2,000
1,000
4,000
1,000
00
00
00
00
$8,000 00
Detailed Statement o f Bank Stocks.
O. 2
55
5
25
18
30
30
60
15
20
24
Estimated
Market Value.
Blackstone N’l Bank, Boston, .
N’l B’k of Redemption, Boston,
State National Bank, Boston, .
Home Nat’l Bank, Brockton, .
Franklin N’l Bank, Franklin, .
Holliston N’l Bank, Holliston,
Peoples N’l R'k, Marlborough,
Blue Hill Nat’l Bank, M ilton,.
Framingham N’l Bank, South
Framingham,
$115
2,500
1,800
3,000
3,000
1,260
1,500
2,000
$30
4,250
2,736
5,250
3,510
360
1,800
2,800
2,400
3,600 00
^2,400 00
$17,575
$24,336 00
$17,575 00
00
00
00
00
00
00
00
00
$115
2,500
1,800
3,000
3,000
1,260
1,500
2,000
00
00
00
00
00
00
00
00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 7s,
Fitchburg R.R. 5s..............................
Maine Central R.R. 4s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7,000
4,000
4,000
10,000
3,000
$28,000
Market Value.
$7,105
4,000
4,180
10,450
3,180
00
00
00
00
00
$28,915 00
Amount Invested.
$7,000
4,000
4,000
10,000
3,000
00
00
00
00
00
$28,000 00
No. 8.]
267
SAYINGS BANK COMMISSIONERS.
H o llis to n Savings B ank — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amouilt.
$32,067 08
18,900 00
Kate.
2
3£
per cent.
“
Amount.
$9,240 00
109,550 00
Rate.
4 per cent.
5
“
Amount.
$12,500 00
123,963 50
Rate.
5£ per cent.
6
00
Amount invested in real estate for banking purposes.............................. $5,690
Estimated value of the s a m e , ..........................................................
6,300
00
Assessed value of the s a m e ,...................................................................
6,300
00
Net income received from same during year ending Oct. 31, 1902,
.
.
191 73
Value, by books, of other real estate, held or owned by foreclosure or
otherwise, ......................................................................................................
10,275 00
Assessed value of the s a m e ,...................................................................
11,750
00
Net income received from same during year ending Oct. 31, 1902,
.
.
80 94
Number of loans which are of an amount not exceeding $3,000 each, 309
Aggregate amount of the s a m e , ..........................................................
223,153
50
Total number of loans upon real e s t a t e , ...........................................257
Amount of investments from which no income is received,
.
.
.
1,375 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31,1902...................................................................
18,815 36
Times for the dividends fixed by the by-laws : first Tuesday of June and
December; payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent.,
$6,637 44 1
^ gg
during the year ending Oct. 31,1902,
.
( 2 per cent.,
6,562 45 J
’
Number of accounts opened during the year ending Oct. 31,1902,
. 123
Number of accounts closed during the year ending Oct. 31, 1902,
. 116
Total number of open accounts Oct. 31, 1902,
.
. . .
1,073
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
2,028 65
clusive of taxes),
........................................................... ........
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
57,214 55
Number o f it a m e ,........................................................................................ 781
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
77,937 14
Number of s a m e , ..................................................................................... 1,004
Date of examination by commissioner: February 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
2(38
H O LY O K E S A V IN G S B A N K — H O LY O K E .
Incorporated Feb. 21, 1855.
Present number of corporators, 70.
G eorge W . P r en tiss , President.
C h ar les W . J ohnson , Treasurer.
A lbert G. M a g n a , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
G eorge W . P r e n tiss ,
R obert R u sse l l ;
W il l ia m W h it in g ,
M . H. W h it c o m b .
Open for business every business day except Saturdays, 9 a .m . to 4 r .m . ; Thursdays,
7 to 8 p . m . ; Saturdays, 9 a .m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Furniture and fixtures,
Cash on hand, .
. . .
$698,300
248,160
3.000
1,231,520
5.000
1,764,850
269,361
00
00
00
00
00
00
00
219,800
1,550
224,113
3,349
40,042
3,500
47,676
00
00
28
13
50
00
13
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$4,760,222 04
$4,477,611 76
189,000 00
77,351 21
16,259 07
$4,760,222 04
Cash on Deposit in Banks, amount in each : —
National Shawmut Bank, Boston,
. . .
.
City National Bank, H o l y o k e , ..................................
Holyoke National Bank, Holyoke,
. . .
.
Home National Bank, H olyoke,..................................
Northampton National Bank, Northampton,
Hampshire County National Bank, Northampton, .
First National Bank, Northampton, . . .
.
Springfield Safe Deposit and Trust Company, Springfield,
Ware National Bank, W a r e , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$60,510
24,631
73,849
30.000
10,074
5.000
5.000
5,047
10.000
62
72
46
00
22
00
00
26
00
No. 8.]
SAYINGS BANK COMMISSIONERS.
269
H o ly o k e Savings B ank — Continued.
Loans on Bank Stock, amount on each : —
27 shares Holyoke National Bank, H o l y o k e , ...........................................$2,500 00
10 shares City National Bank, H o l y o k e , ...............................................
500 00
Detailed Statement o f Public Funds.
Par Value.
County of Bristol, Mass., 4s, .
of Middlesex, Mass., 4s,
City of Akron, Ohio, 5s, .
of Auburn, Me., 5s, .
of Bangor, Me., 6s, .
of Bay City, Mich., 5s,
of Bay City, Mich., 8s,
of Brockton, Mass., 3is, .
of Canton, Ohio, 4 s,.
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, Sis,
of Dayton, Ohio, 4 s,.
of Dayton, Ohio, 6s,.
of Detroit, Mich., 6s,
of Detroit, Mich., 7s,
of Dubuque, Iowa, 4s,
of East Saginaw, Mich., 5s,
of Fall River. Mass., 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass,, 6s, .
of Fort Wayne, Ind., 4is,
of Grand Rapids, Mich., 5s,
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4 is ,.
of Keene, N. H., 4s, .
of Laconia, N. H., 4s,
of Lewiston, Me., 5s,
of Middletown, Conn., 4s,
of Milwaukee, Wis., 5s, .
o f Minneapolis, Minn., 8s,
of New Bedford, Mass., 4s,
of Newton, Mass., 6s,
of Portland, Me., 6s,
of Quincy, Mass., Sis,
of Quincy, Mass., 4s,
of Rochester, N. Y., 7s, .
of Rockford, 111., 4is,
of Saginaw, Mich., 4s,
of Saginaw, Mich., 4is, .
of Saginaw, Mich., 5s,
of Salem, Mass., 4 s,.
of Springfield, Ohio, 4s, .
of Springfield, Ohio, 5s, .
of St. Louis, Mo., 6s,
of Terre Haute, Ind., 6s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
$40,000
10,000
25,500
6,000
1,000
25,500
1,500
2,000
15,000
26,000
25,000
35,000
8,000
4,000
10,000
25,000
3,000
25,000
5,000
7,000
22,000
2,000
2,000
25,000
1,000
5,000
2,000
10,000
52,000
5,000
31,000
1,000
14,000
1,000
7,500
4,000
17,500
44,000
39,000
6,800
4,000
10,000
24,000
40,000
10,000
Estimated
Market Value.
$40,000
10,600
26,100
6,200
1,050
27,075
1,675
2,010
15,300
26,100
25,125
35,350
8,075
4,300
10,625
26,300
3,045
25,725
5,450
7,400
23,980
2,040
2,075
27,800
1,000
5,200
2,350
10,600
55,700
5,400
31,700
1,050
15,650
1,000
7,500
4,000
18,200
45,100
42,200
6,825
4,000
10,750
25,950
42,300
10,300
A le g a l in v e s t m e n t w h e n m a d e.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested
$40,000
10,000
25,500
6,000
1,000
25,500
1,500
2,000
15,000
26,000
25,000
35,000
8,000
4,000
10,000
25,000
3,000
25,000
5,000
7,000
22,000
2,000
2,000
25,000
1,000
5,000
2,000
10,000
52,000
5,000
31,000
1,000
14,000
1,000
7,500
4,000
17,500
44,000
39,000
6,800
4,000
10,000
24,000
40,000
10,000
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
270
REPOET OF THE
[Pub. Doc
H o ly o k e Savings B ank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Waterbury, Conn., 4s, .
of Youngstown, Ohio, 5s,
of Youngstown, Ohio, 6s,
Town of Exeter, N. H., 4s,
of Monson, Mass., 4s,
of Wellesley, Mass., 4s,
of Winthrop, Mass., 5 s ,.
$4,000
2,000
3,000
1,000
4,000
4,000
1,000
Estimated
Market Value.
$4,015
2,010
3,015
1,000
4,000
4,000
1,020
00
00
00
00
00
00
00
Amount Invested.
$4,000
2,000
3,000
1,000
4,000
4,000
1,000
00
00
00
00
00
00
00
$698,300 $729,235 00 $698,300 00
No. of
Shares.
Detailed Statement of Batik Stocks.
First National Bank, Adams, .
Greylock Nat’l Bank, Adams, .
First National Bank, Amherst,
Miller’s River N’l B’k, Athol, .
First National Bank, Chicopee,
Conway Nat’l Bank, Conway,.
First Nat’l Bank, Easthampton,
Rollstone N’l B’k, Fitchburg, .
First Nat’l Bank, Greenfield, .
Franklin Co. National Bank,
Greenfield, .
.
.
.
2 First National B’k, Haverhill,.
1 Merrimack N’l B’k, Haverhill,
38 City National Bank, Holyoke,
246 Hadley Falls N’l B’k, Holyoke,
400 Holyoke Nat’l Bank, Holyoke,
71 Home Nat’l Bank, Holyoke, .
5 Union National Bank, Lowell,
25 Monson Nat’l Bank, Monson, .
5 First Nat’l B’k, Newburyport,
90 First N’l Bank, Northampton,
37 Hampshire Co. National Bank,
Northampton,
50 Northampton National Bank,
Northampton,
38 Palmer Nat’l Bank, Palmer, .
6 Pittsfield Nat’l B’k, Pittsfield,.
30 Agawam N’l B’k, Springfield, .
117 Chicopee N’l B’k, Springfield,
15 City Nat’l Bank, Springfield, .
178 First Nat’l Bank, Springfield, .
22
20
50
20
54
38
21
87
5
48
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
$2,200
2,000
5,000
2,000
5,400
3,800
2,100
3,700
500
$2,640
3,700
5,500
3,300
7,020
3,800
2,100
4,995
750
00
00
00
00
00
00
00
00
00
$2,200
2,000
5,000
2,000
6,700
3,800
2,100
3,700
500
00
00
00
00
00
00
00
00
00
4,800
200
100
3,800
24,600
40,000
7,100
500
2,500
500
9,000
4,992
300
150
4,180
31,242
60,000
8,520
875
3,125
610
11,250
00
00
00
00
00
00
00
00
00
00
00
4,800
200
100
3,790
30,000
41,800
7,100
500
2,500
500
11,000
00
00
00
00
00
00
00
00
00
00
00
3,700
5,000
3,800
600
3,000
11,700
1,500
17,800
3,774 00
10,000
3,800
750
2,700
17,550
2,175
18,690
00
00
00
00
00
00
00
3,700 00
8,900
3,800
570
2,400
15,300
1,500
18,000
00
00
00
00
00
00
00
No. 8.]
SAYINGS BANK COMMISSIONERS.
271
H o ly o k e Savings B ank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
30
50
25
215
97
26
4
50
Par Value.
John Hancock National Bank,
Springfield, .
.
.
.
Second N’l Bank, Springfield,
Springfield N’l B’k, Springfield,
Third Nat’l Bank, Springfield,
Townsend N’l B’k, Townsend,
Ware National Bank, Ware, .
First National B’k, Westfield,.
First Nat’l Bank, Worcester, .
$3,000
5,000
2,500
21,500
9,700
2,600
400
5,000
Estimated
Market Value.
$3,060
6,500
4,625
47,300
12,125
2,730
520
9,500
00
00
00
00
00
00
00
00
Amount Invested.
$2,700
6,000
2,500
33,ÒOU
11,000
2,600
400
5,000
00
00
00
OU
00
00
00
00
$216,600 $304,848 00 $248,160 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Albanv & Susquehanna R.R. 7s,
Beech Creek R.R. 4s,
Boston & Lowell R.R. 4s,.
Boston, Concord & Montreal R.R. 6s,
Boston & Maine R.R. 3£s,
Boston, Winthrop & Shore R.R. 5s,
Boyer Valiev R.R. 3£s,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 7s,
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3£s,
Fitchburg R.R. 3£s, .
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s..............................
Hannibal & St. Joseph R.R. 6s,
Holyoke & Westfield R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3Js,.
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
.
Maine Central R.R. 7s,
Milwaukee, Lake Shore & Western
R.R. 5 s,...........................................
New Haven & Northampton R.R. 5s,
New York Central & Hudson River
R.R. 7s.............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$43,000 00
5,000 00
39,000 00
24,000 00
11,000 00
39,000 00
25,000 00
20,000 00
50,000 00
70,000 00
100,000 00
75,000 00
10,000 00
8,000 00
55,000 00
106,000 00
5,COO 00
50,000 00
10,520 00
95,000 00
55,000 00
29,000
19,000
32,250 00
23,800 00
29,000 00
19,000 00
4,000
2,000
4,175 00
2,175 00
4,000 00
2,000 00
40,000
40,000 00
40,000 00
$43,000
5,000
39,000
24,000
11,000
39,000
25,000
20,000
50,000
70,000
100,000
75,000
10,000
8,000
55,000
106,000
5,000
50,000
12,000
95,000
55,000
$45,750
5,450
40,500
24,465
12,750
39,350
26,000
20,000
49,250
72,000
101,000
81,000
10,000
8,050
56,750
113,000
5,750
51,700
10,260
93,575
61,500
[Pub. Doc.
REPORT OF THE
272
Holyoke Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
New York & New England R.R. 6s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 3 è s , ..................................
Ottumwa, Cedar Falls & St. P. R.R.
5 s ,....................................................
Penobscot Shore Line R.R. 4s,
Portland & Ogdensburg R.R. 3ès, .
Portland & Ogdensburg R.R. 5s,
Portland & Rochester R.R. 4s,
Portland & Rumford Falls R.R. 4s,.
Syracuse, Bing. & N. Y. R.R. 7s,
Vermont & Massachusetts R.R. 5s, .
Vermont Valley R.R. 5 s,.
Estimated
Market Value.
Amount Invested.
$55,000
70,000
$57,000 00
74,000 00
$55,000 00
70,000 00
20,000
20,350 00
20,000 00
7,000
13,000
10,000
20,000
4,000
10,000
4,000
24,000
5,000
7,500
13,700
10,000
21,200
4,050
10,600
4,450
24,000
5,400
7,000
13,000
10,000
20,000
4,000
10,000
4,000
24,000
5,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$1,233,000 $1,282,750 00 $1,231,520 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
$60,510
88,896
44,705
40.000
31.000
62
72
94
00
00
2 per cent.
3
3h
“
3§
3*
“
Rate.
Amount.
$10,000
800
203.000
40,000
299.000
00
00
00
00
00
3| per cent.
3f
»
4
“
4i
“
4h
“
Rate.
Amount.
$17,500
1,553,700
71,265
22,296
00
00
00
00
4| per cent.
5
“
5à
“
6
«
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$5,000 00
Assessed value of the s a m e ,.............................................................................
7,320 00
Net income received from same during year ending Oct. 31, 1902,
.
.
412 62
Number of loans which are of an amount not exceeding $3,000 each, 306
Aggregate amount of the s a m e , ....................................................................
414,275 00
Total number of loans upon real e s t a t e , ...........................................455
Amount of investments from which no income is received, .
.
.
.
2,400 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
221,044 40
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend ( 1| per cent., $71,085 86 1 143 g5g g4
during the year ending Oct. 31, 1902,
.
1 \% per cent., 72,873 98 )
Number of accounts opened during the year ending Oct. 31, 1902,
2,200
Number of accounts closed during the year ending Oct. 31, 1902,
1,707
Total number of open accounts Oct. 31, 1902,
.
.
.
.
11,283
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
273
Holyoke Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.................................................................... ........
.
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................*
.
19,308
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , .............................................................................10,932
Date of examination by commissioner : March 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,395 15
883,820 38
793,279 42
274
REPORT OF THE
[Pub. Doc.
J30ME S A V IN G S B A N K — BOSTON.
Incorporated March 17, 1869.
Present number of corporators, 32.
•Char les H . A l l e n , President.
C h ar le s J. H a y d e n , Treasurer.*
C h ar les J. H a y d e n , Clerk o f the Corporation.*
Names of committee charged with the investment of its funds :
C h ar les H . A l l e n ,
H e n r y C. Ja c k so n ,
A lber t T . W h it in g ,
N e w to n T a l b o t ,
T hom as F. T e m p l e .
E dw ard H . D unn.
Open for business every business day, 9 a . m . to 2 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Suspense account,
Rent account,
.
. . .
Cash on hand, . . .
.
$92,500
25,000
214,918
13,200
623,000
4,500
110,000
30,000
20,076
4,558,850
3,109,087
00
00
00
00
00
00
00
00
75
00
50
224,878
150
308,462
1,578
85
19
5,081
39
00
53
47
82
57
49
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$9,341,388 52
$8,762,011 48
436,000 00
74,173 16
69,203 88
$9,341,388 52
Cash on Deposit in Banks, amount in each: —
Central National Bank, B o s to n ,.................................................................... $90,470 24
National Bank of Redemption, B o s t o n , ...................................................
117,992 29
Massachusetts Trust Company, B o s t o n , ...................................................
100,000 00
Loan on Public Funds : —
$25,000 City of Newton, Mass. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
................................................... $25,000 00
*
Since deceased.
No. 8.]
275
SAYINGS BANK COMMISSIONERS.
Home Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
$5,000 00
50 shares National Bank of South Reading, Wakefield, .
30 shares National Bank of Redemption, Boston,
49 shares First National Bank, Lynn,
.
.
.
.
.
3 shares Salem National Bank, S a l e m , ..................................
.^
8,200 00
Loan on Railroad Bonds : —
$4,500 00
$5,000 Chicago, Burlington & Quincy R .R . 4s.............................
Loans on Railroad Stock, amount on each : —
.
87 shares Vermont & Massachusetts R .R .,
.
. . .
300 shares Boston & Lowell R . R . , ...........................................
100 shares Boston & Maine R . R . , ...........................................
100 shares Boston & Lowell R . R . , ...........................................
300 shares Boston & Maine R . R . , ...........................................
$ 10,000 00 *
'I
50,000 00
' I
50,000 00
* This illegal loan has since been paid.
Detailed Statement o f Public Funds.
Par Value.
City of Bay City, Mich., 8s,
of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Lynn, Mass., 4s, .
of Sioux City, Iowa, 4ès, .
of Springfield, Mass., 7s, .
of Woburn, Mass., 4s,
Town of Hyde Park, Mass., 4s,
$4,500
25,000
5,000
25,000
4,000
1,000
3,000
25,000
$92,500
*
Estimated
Market Value.
$5,435
25,187
5,060
26,000
4,200
1,010
3,000
25,300
00
50
00
00
00
00
00
00
$95,192 50
Amount Invested,
$4,500
25,000
5,000
25,000
4,000
1,000
3,000
25,000
00
00
00
00
00*
00
00
00
$92,500 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
200
66
23
100
125
62
200
75
250
200
Par Value.
Atlantic National B’k, Boston,
Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston, .
Continental Nat’l B’k, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
20,000
1,518
-
10,000
12,500
6,200
20,000
7,500
25,000
20,000
Estimated
Market Value.
$6,500 00
23,000 00
396 00
115 00
16,600 00
22,125.00
6,820 00
38,200 00
7,650 00
42,500 00
32,000 00
Amount Invested.
$5,000 00
20,000 00
418 00
_
10,000
12,500
6,200
20,000
7,500
25,000
20,000
00
00
00
00
00
00
00
[Pub. Doc
REPORT OF THE
276
Home Sayings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
50
125
33
200
400
75
Par Value.
Nat’l Market B’k of Brighton,
Boston,..................................
National Union Bank, Boston,
National Webster B’k, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
$5,000
12,500
3,300
20,000
40,000
7,500
Estimated
Market Value.
$5,100
21,250
3,894
31,400
75,600
11,400
00
00
00
00
00
00
Amount Invested.
$5,000
12,500
3,300
20,000
40,000
7,500
00
00
00
00
00
00
$216,018 $344,550 00 $214,918 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s.
Cedar Rapids & Mo. River R.R. 7s,
Chic., Burlington & Quincy R.R. 7 s ,.
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
.
.
.
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R. 6s,
Joliet & Northern Indiana R R. 7 s,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Michigan Central R.R. 6s,
New York Cent. & Hud. Riv. R.R. 7s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4s............................
Estimated
Market Value.
Amount Invested.
$14,000
11,000
5,000
48,000
10,000
88,000
59,000
50,000
18,000
$14,875
12,017
5,950
48,720
11,000
93,625
59,240
58,250
20,610
00
50
00
00
00
00
00
00
00
$14,000
11,000
5,000
48,000
10,000
88,000
59,000
50,000
18,000
00
00
00
00
00
00
00
00
00
116,000
15,000
48,000
14,000
112,000
15,000
131,080
17,100
48,000
14,630
119,000
16,875
00
00
00
00
00
00
116,000
15,000
48,000
14,000
112,000
15,000
00
00
00
00
00
00
$623,000
$670,972 50
$623,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$30,000
Estimated
Market Value.
$34,650 00
Amount Invested
$30,000 CO
No. 8.]
SAYINGS BANK COMMISSIONERS.
277
Home Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$208,462
100,000
40.000
1,028,479
24,425
60.000
9,753
314,485
Rate.
53
00
00
18
60
00
34
83
2£ per cent.
3
“
3i
“
H
“
if
If
"
Amount.
$9,757
80,000
55,000
2,201,177
50,225
958,000
29,343
Rate.
23
00
00
21
70
00
75
3| per cent.
3&
“
3*
“
4
“
4i
4f
4g
“
Amount.
$1,496,725
322,830
705,875
166,600
106,512
25,000
361,475
Rate.
00
55
00
00
50
00
00
4£ per cent.
4f
“
5
“
5f
“
5i
“
5|
“
6
“
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$20,076
Assessed value of the s a m e ,............................................................................
26,500
Number of loans which are of an amount not exceeding $3,000 each, 159
Aggregate amount of the s a m e , ....................................................................
266,450
Total number of loans upon real estate,
.
.
.
.
.
.
423
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1902................................................................................
422,118
Times for the dividends fixed by the by-laws : second Wednesday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend f If per cent., $137,829 26 |
280,316
during the year ending Oct. 31, 1902,
.
i If per cent., 142,487 19 i
Number of accounts opened during the year ending Oct. 31, 1902,
2,794
Number of accounts closed during the year ending Oct. 31, 1902,
1,922
Total number of open accounts Oct. 31,1902,
.
.
.
.
27,247
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
26,268
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,..................................................................................... 1,834,839
Number of s a m e , .............................................................................21,824
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902...................................................................................................... 1,618,791
Number of s a m e , .............................................................................17,629
Date of examination by commissioner: March 19, 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
75
00
00
68
45
83
18
59
[Pub. Doc.
REPORT OF THE
278
HOOSAC S A V IN G S B A N K — N O R TH AD AM S.
Incorporated April 19, 1871.
0 . A . A rcher,
Present number of corporators, 15.
President.
W . W . R ic h m o n d ,
H . E . W eth erbee,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
S. H.
F a ir f ie l d ,
T im o t h y C o l l in s ,
W.
W . B utler.
Open for business every business day, 9 a . m . to 4 p . m . ; also Saturdays until 6 p . m .,
except May, June, July, August, September and October, close at 4.30 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, not on interest,
Interest account,
Furniture and fixtures,
Premium account,
Cash on hand, .
.
.
.
$30,000
7,200
181,425
10,000
00
00
00
00
97,819
9,492
788,495
169,112
200
26,416
3,235
7,000
8,342
5,582
51
26
88
20
00
10
95
00
00
79
$1,344,321 69
Deposits, .
Guaranty fund,
Interest account,
Due on mortgage
loans, .
$1,300,924 84
29,906 22
12,125 63
1,365 00
$1,344,321 69
Cash on Deposit in Banks, amount in each : —
Adams National Bank, North A d a m s , ................................................... $22,969 71
Berkshire National Bank, North A d a m s ,...................................................
3,446 39
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
279
SAVINGS BANK COMMISSIONERS.
Hoosao Savings Bank — Continued.
D etailed Statem ent o f Public F u nd s.
Par Value.
City of
of
of
of
Bay City, Mich., 5s,
Sioux City, Iowa, 44s,.
Terre Haute, Ind., 44s,
Wilkes-Barre, Pa., 34s,
*
Estimated
Market Value.
$ 10,000
5.000
5.000
10,000
$12,100
5,625
5,237
10,250
00
00
50
00
$30,000
$33,212 50
Amount Invested.
$10,000
5.000
5.000
10,000
00
00*
00
00
$30,000 00
A legal investment when made.
No. of
Shares.
D etailed Statem ent o f B a n k Stocks.
19
53
Par Value.
Adams N’l B’k, North Adams,
Berkshire N’l B’k, No. Adams,
Estimated
Market Value.
Amount Invested.
$1,900
5,300
$2,242 00
5,618 00
$1,900 00
5,300 00
$7,200
$7,860 00
$7,200 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 34s,
Chic., Burlington & Quincy R.R. 34s,
Chic., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 34s, .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 34s,.
Illinois Central R.R. 4s, .
New York, New Haven & Hartford
R.R. 3 4 s , ..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
%
$12,000
40,000
30,000
7,000
5,000
5,000
58,000
5,000
20,000
$182,000
Estimated
Market Value.
$12,330
39,800
31,125
7,175
5,537
4,350
57,420
5,575
00
00
00
00
50
00
00
00
20,900 00
Amount Invested.
$12,000
40,000
30,000
7,000
5,000
4,425
58,000
5,000
00
00
00
00
00
00
00
00
20,000 00
$184,212 50 $181,425 00
280
REPORT OF THE
[Pub. Doc.
Hoosac Savings Bank — Concluded.
Boston T erm inal Com pany Bonds.
Par Value.
Boston Terminal Company 3<|s,
$10,000
Estimated
Market Value.
$11,550 00
Amount Invested.
$10,000 00
dotal A m ou n t o f L oa n s , with E ach Specified R ate o f In terest.
Amount.
$926,337 16
Kate.
5 per cent.
Amount.
$31,470 92
Rate.
6 per cent.
Amount.
-
Kate.
\ “
Amount invested in real estate for banking purposes,........................... $97,819
51
Estimated value of the s a m e , ...........................................................
120,000
00
Assessed value of the s a m e ,...................................................................
85,500
00
Net income received from same during year ending Oct. 31, 1902, .
.
1,935 85
Yalue, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,.............................................................................................
9,492
26
Assessed value of the s a m e ,....................................................................
6,675
00
Net income received from same during year ending Oct. 31,1902, .
.
168 55
Number of loans which are of an amount not exceeding $3,000 each, 371
Aggregate amount of the s a m e , ....................................................................
431,306 58
Total number of loans upon real e s t a t e , ...........................................336
Amount of investments from which no income is received,
.
.
.
4,977 50
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
57,948 72
Times for the dividends fixed by the by-laws: June 1 and December 1;
payable on same days.
Rate and amount of each semi-annual dividend j 2 per cent., $22,335 95 1
™ gg
during the year ending Oct. 31, 1902,..
1 2 per cent.,
23,401 65 )
’
Number of accounts opened during the year ending Oct. 31, 1902,
1,290
Number of accounts closed during the year ending Oct. 31, 1902,
1,192
Total number of open accounts Oct. 31, 1902,
.
.
.
.
4,750
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
.....................................................................................
5,964 94
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct 3 1 ,1 9 0 2 ,.....................................................................................
470,461 12
Number of s a m e , .........................................................6,946
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
406,700 54
Number of s a m e , .........................................................4,444
Date of examination by commissioner: April 9.
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Federal Reserve Bank of St. Louis
No. 8.]
281
SAYINGS BANK COMMISSIONERS.
HOPKINTON SAVINGS BANK — HOPKINTON.
Incorporated March 23, 1867. Present number of corporators, 28.
L o w e l l B. M a y b r y , President.
F red A. W
ood ,
F red A. W
Clerk o f the Corporation.
ood ,
Treasurer.
Names of committee charged with the investment of its funds :
C h ar les L . C l a f l in ,
L o w e l l B. M a y b r y ,
M a r tin V. P h ip p s ,
W il l ia m A. F r a il ,
J. D a v id S t e w a r t .
Open for business every business day except Saturdays, 9 a .m . to 12 m . ; 1.30 to 4 p . m . ;
Saturdays, 9 a .m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
1
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, . . . .
$36,000
55,999
600
121,537
8,438
105,291
40
00
00
00
50
69
00
00
20,800
13,712
1,000
899
8,463
00
22
00
12
50
$372,781 03
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$340,762 18
17,703 71
14,315 14
$372,781 03
Cash on Deposit in Bank : —
Hopkinton National Bank, H o p k i n t o n ,................................................... $14,712 22
Loan on Bank Stock : —
8 shares Hopkinton National Bank, Hopkinton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600 00
282
[Pub. Doc
REPORT OF THE
Hopkinton Savings Bank — Continued.
D etailed Statem ent o f P ublic Fu nd s.
Estimated
Par Value.
Massachusetts 3s,
Massachusetts 3£s, .
.
.
.
County of Aroostook, Me., 4£s,
City of Bangor, Me., 6s, .
of Portland, Me., 6s,
Market Value.
$10,000
10,000
5.000
5.000
6.000
$10,000
10,700
5,450
5,325
6,720
00
00
00
00
00
$36,000
$38,195 00
Amount Invested,
$10,000
10,000
5.000
5.000
6.000
00
00
00
00
00
$36,000 00
NO. of
Shares.
D etailed Statem ent o f B an k Stocks.
Par Value.
Greylock Nat’l Bank, Adams,.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston,.
State National Bank, Boston, .
Franklin N’l Bank, Franklin, .
Natick National Bank, Natick,
Quinsigamond National Bank,
Worcester..............................
20 Worcester N’l B’k, Worcester,
10
50
61
50
50
15
50
15
10
48
5
25
5
54
$1,000
5,000
6,100
5,000
-
1,500
5,000
1,500
1,000
4,800
500
2,500
500
Estimated
Market Value.
$1,850
6,500
7,015
7,500
250
2,055
8,500
2,400
1,520
11,280
760
2,925
587
00
00
00
00
00
00
00
00
00
00
00
00
50
Amount Invested.
$1,500
6,250
7,015
7,500
00
00
00
00
-
1,950
5,750
1,950
1,250
7,200
500
2,750
500
00
00
00
00
00
00
00
00
5,400
2,000
7,020 00
3,600 00
7,964 00
3,920 00
$41,800
$63,762 50
$55,999 00
D etailed Statem ent o f R ailroad Bonds.
Estimated
Par Value.
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 7s,
Concord & Montreal R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
5.000
10,000
5.000
10,000
Market Value.
$10,600
11,125
5,600
9,900
5,087
10,775
00
00
00
00
50
00
Amount Invested.
$10,000
10,000
5.000
10,000
5.000
10,000
00
00
00
00
00
00
No. 8.]
283
SAVINGS BANK COMMISSIONERS.
Hopkinton Savings Bank — Continued.
D etailed Statem ent o f R ailroad B o n d s — Concluded.
Par Value.
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s, .
Joliet & Northern Indiana R.R. 7 s,.
Maine Central R.R. 4£s, .
Newport & Richford R.R. 5s, .
Ottumwa, Cedar Falls & St. Paul
R.R. 5 s,...........................................
Portland & Rumford Falls R.R. 4 s,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Estimated
Market Value.
Amount Invested.
$5,000
4,537
15,000
5,000
1,000
10,000
00
00
00
00
00
00
00
50
00
00
00
00*
$5,000
5,000
15,000
5,000
1,000
10,000
$5,050
4,350
14,775
5,675
1,085
10,700
10,000
15,000
10,700 00
16,200 00
10,000 00
15,000 00
6,000
7,800 00
6,000 00
$122,000 $129,422 50
$121,537 50
* A legal investment when made.
Total A m ou n t o f L oa n s , with Each Specified Rate o j Interest.
Amount.
$13,712 22
20,000 00
3,800 00
Rate.
2£ per cent.
3|
«
4
“
Amount.
$16,500 00
39,750 00
Rate.
4£ per cent.
5
“
Rate.
Amount.
$15,200 00
31,481 00
5£ per cent.
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 104
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................112
Amount of investments from which no income is received,
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,.............................................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November; payable on same days.
Rate and amount of each semi-annual dividend 5 2 per cent.,
$6,520 03 1
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
6,579 81 i
Number of accounts opened during the year ending Oct. 31, 1902,
. 104
Number of accounts closed during the year ending Oct. 31, 1902,
. 93
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,117
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$8,438 69
11,175 00
271 00
68,291 00
4,264 50
17,030 59
qqq
284
REPORT OF THE
[Pub. Doc.
Hopkinton Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
..................................................................................... $2,053 67
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
39,946 16
Number of s a m e , ..................................................................................... 656
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
52,942 83
Number of same, .
............................................................741
Date of examination by commissioner : March 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
285
HUDSON SAVINGS BANK — HUDSON.
Incorporated Feb. 26, 1869. Present number of corporators, 35.
E dm u n d M. St o w e , President.
D a n ie l W. Stratton , Treasurer.
F red 0 . W e l s h , Clerk o f the Corporation.
Names of committee changed with the investment of its funds :
E dm u n d M. St o w e ,
John H . R obinson ,
G eorge B. C ochran ,
Joseph S. B r a d l e y ,
H enry T ower.
Open fo r business every business day, 9 a .m . to 12 m . ; and 1.30 to 4.30 p .m . ; also
6 to 8 p .m . on Saturday.
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Deposits in banks, noton interest,
Expense account,
Premium account,
Furniture and fixtures,
Cash on hand, . . .
.
L ia b il it ie s .
$135,450
42,529
975
401,400
20,000
00
00
00
00
00
43,500
14,165
573,800
9,025
00
03
00
00
61,100
26,700
100
2,087
28,300
3,000
2,289
00
00
35
19
00
00
78
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Due on mortgage
loans, .
$1,364,421 35
$1,294,966 84
40,200 00
7,745 91
11,473 60
10,035 00
$1,364,421 35
Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, B oston ,............................................................$15,993 07
10,807 28
Hudson National Bank, H u d s o n , ...........................................................
Loans on Bank Stock, amount on each : —
8
6
shares Hudson National Bank, H udson,................................................
shares National Rockland Bank, R o x b u r y , .......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$475 00
500 00
[Pub. Doc.
REPORT OF THE
286
Hudson Savings Bank — Continued.
D etailed Statem ent o f P u blic F u nd s.
Par Value.
County of Washington, Me., 4s,
City of Bay City, Mich., 5s,
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Columbus, Ohio, 4s,
of Fall River, Mass., 5s, .
of Grand Rapids, Mich., 5s,
of Kansas City, Mo., 4£s, .
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
Town of Billerica, Mass , 4s, .
of Clinton, Mass,, 4s,
of Melrose, Mass., 4s, .
of Wallingford, Conn., 3.65s,
Estimated
Market Value.
$11,000
5,800
22,000
5,000
5,400
4,400
4,000
5,475
5,100
16,650
5,531
10,950
11,150
12,360
10,550
10,300
$10,000
5,000
20,000
5,000
5,000
4,000
4,000
5,000
5,000
15,000
5,450
10,000
10,000
12,000
10,000
10,000
00
00
00
00
00
00
00
00
00
00
25
00
00
00
00
00
Amount Invested.
$10,000
5,000
20,000
5,000
5,000
4,000
4,000
5,000
5,000
15,000
5,450
10,000
10,000
12,000
10,000
10,000
00*
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
$135,450 $145,666 25 $135,450 00
*
Legal investments when made.
Ko. o f
Shares.
D etailed Statem ent o f B a n k Stocks.
23
25
10
4
15
25
20
37
56
30
10
52
75
50
50
Par Value.
Blackstone Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
Nat’l Shawmut Bank, Boston,
National Union Bank, Boston,
Nat’i Webster Bank, Boston, .
Old Boston Nat’l Bank, Boston,
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,.
Hudson Nat’l Bank, Hudson, .
National City Bank, Lynn,
Peoples N’l B’k, Marlborough,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$529
2,500
1,000
400
1,500
2,500
2,000
3,700
5,600
_
. 500
5,200
7,500
5,000
5,000
$42,929
Estimated
Market Value.
$138
4,775
1,500
680
3,525
4,250
2,360
4,107
8,512
660
50
5,200
9,375
7,500
5,850
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$58,482 00
Amount Invested.
$429
2,500
1,000
400
1,500
2,500
2,000
3,700
5,600
00
00
00
00
00
00
00
00
00
200
5,200
7,500
5,000
5,000
00
00
00
00
00
_
$42,529 00
No. 8.]
287
SAYINGS BANK COMMISSIONERS.
Hudson Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.
Estimated
Market Value.
Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Bennington & Rutland R.R. 4^s,
Boston & Maine R.R. 4s, .
Cedar Rapids & Missouri River R,R.
7s, .
.
.
.
.
Chic., Burlington & Quincy R.R. 3^s,
Chic., Burlington & Quincy R.R. 7s,
Chicago & Northwestern R.R. 7s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Grafton & Upton R.R. 4s,
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3s, .
.
Illinois Central R.R. 3<|s, .
Illinois Central R.R. 4s, .
Joliet & Northern Indiana R.R. 7 s ,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s..................................
Maine Central R.R. 4s,
Maine Central and European &
North American R.R. 4s,
Milwaukee, Lake Shore & Western
R.R. 5s, ...........................................
Milwaukee, Lake Shore & Western
R.R. 6s.............................................
New York & New England R.R. 6s,
New York & New England R.R. 7s,
New York, Lackawanna & Western
R R. 6s, ...........................................
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Plainview R R. 7s, .
Portland & Rumford Falls R.R. 4s,.
Rochester & Northern Minnesota
R.R. 7 s ,...........................................
Rumford Falls & Rangeley Lakes
R.R. 5 s,...........................................
St. Johnsbury & Lake Champlain
R.R. 5s.............................................
Troy & Boston R.R. 7s, .
Upper Coos R.R. 4£s,
Vermont & Massachusetts R.R. 5s, .
Winona & St. Peter R.R 7s, .
$ 10,000 00
1 5 ,0 0 0
1 0,0 0 0
1 6 ,0 0 0
1 0,650
1 6,4 2 5
1 0 ,9 5 0
1 8,0 8 0
00
00
00
00
1 ,00 0
1 5,0 0 0
5 ,0 0 0
1 5,0 0 0
1 0 ,0 0 0
5 ,0 0 0
1 5,0 0 0
1 1,0 0 0
5 ,0 0 0
1 0,0 0 0
5 ,0 0 0
1 0 ,0 0 0
3 0 ,0 0 0
1 0 ,0 0 0
1 ,35 0
1 4 ,8 5 0
5 ,0 7 5
1 8,5 7 5
1 0 ,7 5 0
5 ,4 1 2
1 6,0 7 5
1 1 ,8 2 5
4 ,0 0 0
1 1,6 0 0
4 ,2 7 5
9 ,8 5 0
3 3 ,0 7 5
1 1,3 5 0
00
00
00
00
00
50
00
00
00
00
00
00
00
00
1 5,0 0 0
1 9 ,0 0 0
1 6 ,8 0 0 0 0
1 9 ,7 6 0 0 0
1 5 ,0 0 0 00
1 9,000 0 0
1 ,00 0
1 ,0 9 0 00
1,00 0 00
8 ,0 0 0
9 ,3 0 0 00
8 ,0 0 0 0 0
5 ,0 0 0
15,0 0 0
9 ,0 0 0
6 ,6 0 0 0 0
1 5 ,6 7 5 0 0
9 ,5 4 0 0 0
5 ,0 0 0 00
1 5 ,0 0 0 0 0
9 ,0 0 0 00
1 5 ,0 0 0
1 0,0 0 0
1 0,0 0 0
5 ,0 0 0
1 0,0 0 0
1 9,8 0 0
1 0,925
1 0 ,6 5 0
5 ,8 5 0
1 0 ,7 5 0
1 5,0 0 0
1 0 ,0 0 0
1 0,0 0 0
5 ,0 0 0
1 0 ,0 0 0
1 0,0 0 0
1 1 ,7 0 0 00
1 0 ,0 0 0 00
5 ,0 0 0
5 ,2 5 0 00
5 ,0 0 0 00
$
00
00
00
00
00
3 2 ,5 0 0
2 9 ,8 0 0
1 1 ,5 5 0
2 ,0 0 0
1 2,5 0 0
00
00
00
00
00
$ 4 0 2 ,0 0 0
$ 4 5 6 ,2 0 7
50
1 ,00 0
1 5 ,0 0 0
5 ,0 0 0
1 5 ,0 0 0
1 0 ,0 0 0
5 ,0 0 0
1 5 ,0 0 0
1 1 ,0 0 0
5 ,0 0 0
1 0 ,0 0 0
4 ,4 0 0
1 0 ,0 0 0
3 0 ,0 0 0
1 0,0 0 0
2 5,0 0 0
2 0 ,0 0 0
1 0,0 0 0
2 ,0 0 0
1 0,0 0 0
o
o
H
o
2 5 ,0 0 0
2 0 ,0 0 0
1 0 ,0 0 0
2 ,0 0 0
1 0 ,0 0 0
1 5,0 0 0 0 0
1 0,0 0 0 00
1 6,0 0 0 0 0
-p
G
è*
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
[Pub. Doc.
REPORT OF THE
288
Hudson Savings Bank — Concluded.
Boston T erm in al Com pany Bonds.
Par Value.
Boston Terminal Company 3js,
$20,000
Estimated
Market Value.
$23,100 00
Amount Invested.
$20,000 00
Total A m ou nt o f L oa n s , with E ach Specified Rate o f Interest.
Kate.
Amount.
$26,700 00
42,600 00
11,000 00
2 per cent.
3è
4
“
“
Amount.
$7,500 00
274,085 00
275,180 00
Rate.
4^ per cent.
5
“
5à
“
Amount.
Rate.
$32,885 00- 6 per cent.
900 00 7
750 00 7 è
“
Amount invested in real estate for banking purposes,.................................. $43,500 00
Estimated value of the s a m e , ....................................................................
43,500
Assessed value of the s a m e ,.............................................................................
36,600
Net income received from same during year ending Oct. 31, 1902,
.
.
1,557
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
14,165
Assessed value of the s a m e ,.............................................................................
18,965
Number of loans which are of an amount not exceeding $3,000 each, 327
Aggregate amount of the s a m e , ....................................................................
310,650
Total number of loans upon real e s t a t e , ...........................................352
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
62,850
Times for the dividends fixed by the by-laws: third Wednesday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend I 1| per cent., $20,478 53 )
during the year ending Oct. 31, 1902,
.
I 1| per cent., 21,062 02 I
’
Number of accounts opened during the year ending Oct. 31, 1902, . 645
Number of accounts closed during the year ending Oct. 31, 1902,
. 420
Total number of open accounts Oct. 31, 1902,
.
.
.
.
4,017
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
3,196
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902.........................................................................................
226,266
Number of s a m e , ................................................... ........
.
.
4,128
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
190,656
Number of s a m e , .............................................................................2,865
Date of examination by commissioner: January 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
61
03
00
00
32
..
54
00
22
No. 8.]
SAYINGS BANK COMMISSIONERS.
289
H Y D E PA R K SA V IN G S B A N K — H Y D E PARK .
Incorporated March 8, 1871.
R
obert
Present number of corporators, 32.
B l e a k i e , President.
A r t h u r H . B u r t , Treasurer.
A r t h u r H . B u r t , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
R obert B l e a k ie ,
W il l i a m J. S t u a r t ,
F r e d e r ic k N. T i r r e l l ,
H en r y S. B unton,
D a v id P e r k i n s .
Open for business every business day, 11 a .m . to 4 p . m . ; also Saturdays, 6 to 8 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security, . .
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .
L ia b il it ie s .
81,000
26,100
4,000
164,000
00
00
00
00
15,000
7,278
436,860
203,200
00
22
76
00
82,900
30,020
768
6,132
00
54
51
52
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Due on m o r t g a g e
loans, .
8977,260 55
8902,372 30
40,471 62
16,007 84
18,312 79
96 00
$977,260 55
Cash on Deposit in Banks, amount in each: —
Central National Bank, B oston ,....................................................................
Colonial National Bank, B o s t o n , ............................................................
Massachusetts National Bank, B o s t o n , ...................................................
National Shawmut Bank, B o s t o n , ............................................................
84,716
4,205
5,034
16,063
51
20
93
90
Loan on Bank Stock: —
50 shares Dedham National Bank, D e d h a m , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
84,000 00
290
REPOET OF THE
[Pub. Doc.
Hyde Park Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Town of Hyde Pai'k, Mass., 4s,
11,000
Estimated
Market Value.
$1,0 0 0 bo
Amount Invested.
$1,000 00
Ko. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
105 Colonial Nat’l Bank, Boston, .
8 Freemans Nat’l Bank, Boston,
20 Merchants N’l Bank, Boston, .
81 N’l B’k of Commerce, Boston,
20 N’l B’k of Redemption, Boston,
19 N’l B’k of the Republic, Boston,
18 Nat’l Exchange Bank, Boston,
6 Second National Bank, Boston,
25 State National Bank, Boston, .
14 First N’l Bank, Newburyport,
Estimated
Market Value.
$10,500
800
2,000
3,100
2,000
1,900
1.800
600
2,500
1,400
$15,750
880
3,820
4,650
3,400
3,040
1,976
1,134
3,800
1,708
00
00
00
00
00
00
00
00
00
00
$26,100
$40,158 00
Amount Invested.
$10,500
800
2,000
3,100
2,000
1,900
1,300
600
2,500
1,400
00
00
00
00
00
00
00
00
00
00
$26,100 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R R. 4s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R R. 7s,
Chicago & Northwestern R.R. 7s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 7s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
New York Central & Hudson River
R.R 7s, ...........................................
St. Johnsbur}^ & Lake Champlain
R.R 5 s ,...........................................
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11,000
5,000
10,000
20,000
10,000
8,000
1,000
29,000
11,000
14,000
6,000
18,000
10,000
6,000
5,000
Estimated
Market Value.
$11,660
5,662
10,425
20,300
10,000
8,800
1,000
37,120
11,495
14,875
00
50
00
00
00
00
00
00
00
00
6,000 00
23,400
10,700
6,000
5,475
00
00
00
00
Amount Invested.
$11,000
5,000
10,000
20,000
10,000
8,000
1,000
29,000
11,000
14,000
00
00
00
00
00
00
00
00
00
00
6,000 00
18,000
10,000
6,000
5,000
00
00
00
00
$164,000 $182,912 50 $164,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
291
Hyde Park Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$24,985 61
5,034 93
82,900 00
Rate.
2 per cent.
2è
“
4
Amount.
$66,000 00
35,000 00
314,260 00
Rate.
4^ per cent.
41
“
5
Amount.
$38,650 00
190,150 76
Rate.
5£ per cent.
6
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the s a m e ,...................................................
Number of loans which are of an amount not exceeding $3,000 each, 191
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................206
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1902................................. ........
Times for the dividends fixed by the by-laws : January 1 and July 1 ;
payable January 15 and July 15.
Rate and amount of each semi-annual dividend f 2 per cent., $14,573 06 1
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
15,282 94 i
Number of accounts opened during the year ending Oct. 31,1902,
880
Number of accounts closed during the year ending Oct. 31,1902,
. 572
Total number of open accounts Oct. 31, 1902,
.
.
.
.
4,261
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 7,438
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902,
.
.....................................................................................
Number of same................................................................................. 4,525
Date of examination by commissioner. January 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000 00
20,000 00
21,000 00
7,278 22
7,450 00
288,360 76
1,249 22
44,411 20
29,856 00
2,941 01
309,424 52
229,123 94
REPORT OF THE
292
[Pub. Doc.
INSTITUTION" FOR S A V IN G S IN N E W B U R Y P O R T
ITS V IC IN IT Y — N E W B U R Y P O R T .
Incorporated Jan. 31, 1820.
AN D
Present number of corporators, 81.
H e n r y B. L i t t l e , President.
L a w r e n c e W . P i p e r , Treasurer.
G e o r g e F. A y e r y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
H e n r y B. L it t l e ,
Sa m u e l M a r c h ,
L a w r e n c e B. C u s h in g ,
G e o r g e W. P i p e r .
Open for business every business day, 8.30 a . m . to 2 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, . $1,466,337 00
513,233 00
Bank stock, as per schedule,
Loans on bank stock,
15,700 00
Railroad bonds, as per schedule,
1,410,125 00
Real estate (for banking pur
10,000 00
poses), .
.
.
.
.
154,946 46
Real estate by foreclosure,
1,812,154 00
Loans on real estate, .
Loans on personal security,
1,493,785 00
Loans to counties, cities or towns
37.300 00
( n o t e s ) ,..................................
144,899 49
Deposits in banks, on interest, .
1,686 23
Cash on hand, .
. . .
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Premium account, .
$7,060,166 18
Cash on Deposit in Banks, amount in each : —
Amesbury National Bank, Amesbury,
Powow River National Bank, Amesbury, .
National Bank of Redemption, Boston,
First National Bank, Newburyport, .
Merchants National Bank, Newburyport, .
Ocean National Bank, Newburyport, .
$6,559,772 45
324,000 00
1,264 05
69,096 78
106,032 90
$7,060,166 18
•
$15,000
25,000
50,344
32,206
5,000
17,348
00
00
69
74
00
06
Loans on Bank Stock, amount on each: —
shares Martha’ s Vineyard National Bank, Edgartown,
shares First National Bank, Newburyport, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,000 00
100 00
No. 8.]
293
SAYINGS BANK COMMISSIONERS
Institution for Savings in Newburyport, etc. — Continued.
$3,000 00
7,200 00
52 shares Marblehead National Bank, Marblehead, .
90 shares Manufacturers National Bank, Lynn,
10 shares First National Bank, Newburyport, .
5 shares First National Bank, Ipswich,
1,400 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3^s, .
.
.
.
County of Aroostook, Me., 4£s,
Citv of Akron, Ohio, 5s, .
of Bay City, Mich., 4s,
of Boston, Mass., 4s,
of Canton, Ohio, 3^s,
of Chelsea, Mass., 4s,
of Chicopee, Mass., 4s,
of Dayton, Ohio, 3<|s,
of Dayton, Ohio, 5s,
of Dover, N. H., 4s, .
of Dubuque, Iowa, 4s,
of Everett, Mass , 4s,
of Haverhill, Mass., 4s, .
of Johnstown, Fa., 3£s, .
of Lawrence, Mass , 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 3£s,.
of Lynn, Mass., 4s, .
of Manchester, N. H , 4s,.
of New Bedford, Mass., 3£s, .
of Newburyport, Mass., 4s,
of Pawtucket, R. I., 4s,
of Saginaw, Mich., 3£s, .
of Salem, Mass., 4 s ,.
of South Bend, Ind., 4s, .
of South Bend, Ind., 5s, .
of South Bend, Ind., 6s, .
of St. Joseph, Mo., 3£s, .
of Taunton, Mass., 4s,
of Waltham, Mass., 4s,
of Wilkes-Barre, Pa., 3£s,
of Worcester, Mass., 3£s,.
of Youngstown, Ohio, 5s,
Town of Beverlv, Mass., 4s, .
of Marblehead, Mass., 4s,
of Marlborough, Mass., 4s, .
of Stoughton, Mass., 4s,
Turner’s Falls, Mass. (Fire District),
4 s ,....................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
45,000
20,000
38,000
150,000
20,000
32,000
50,000
42,000
5,000
20,000
25,000
25,000
75,000
25,000
55,000
20,000
25,000
75,000
50,000
50,000
176,500
1,000
10,000
5,000
5,000
30,000
21,000
50,000
46,000
12,000
12,000
25,000
24,337
14,000
46,500
31,000
50,000
Estimated
Market Value.
$54,875
49,387
20,650
39,040
162,250
20,100
35,080
54,000
42,555
5,000
21,125
26,375
27,406
81,406
25,343
56,787
20,000
25,125
78,875
51,000
50,812
186,072
1,037
10,275
5,000
5,231
31,950
21,420
51,000
51,370
12,360
12,090
25,187
27,197
14,717
50,180
32,743
53,000
10,000
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
10,750 00
Amount Invested.
$50,000
45,000
20,000
38,000
150,000
20,000
32,000
50,000
42,000
5,000
20,000
25,000
25,000
75,000
25,000
55,000
20,000
25,000
75,000
50,000
50,000
176,500
1,000
10,000
5,000
5,000
30,000
21,000
50,000
46,000
12,000
12,000
25,000
24,337
14,000
46,500
31,000
50,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
10,000 00
$1,466,337 $1,548,770 50 $1,466,337 00
*
A le g a l in v e s t m e n t w h e n m a d e .
[Pub. Doc
REPORT OF THE
294
Institution for Savings in Newbury port, etc. — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
750
31
100
50
240
100
169
173
221
500
108
100
200
500
120
208
133
100
100
480
101
250
60
51
108
1226
112
23
Par Value.
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Colonial Nat’l Bank, Boston, .
Commercial N’l B’k, Boston, .
Faneuil Hall N’l Bk, Boston, .
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Merchants N’l Bank, Boston, .
N’ l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Hamilton Bank, Boston,
Nat’l Shawmut Bank, Boston,
National Suffolk Bank, Boston,
National Union Bank, Boston,
National Webster B’k, Boston,
New England N’l B’k, Boston,
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Gloucester N’l B’k, Gloucester,
First N’l Bank, Newbury port,
Mechanicks Nat’l Bank, Newburyport,
.
.
.
.
Merchants Nat’l Bank, Newburyport,
.
.
.
.
Ocean N’l B’k, Newburyport,.
Warren Nat’l Bank, Peabody,
$75,000
713
10,000
5,000
24,000
10,000
16,900
17,300
22,100
50,000
-
10,000
20,000
50,000
12,000
20,800
13,300
10,000
10,000
48,000
10,100
12,500
6,000
5,100
-
24,520
5,600
2,300
Estimated
Amount In
Market Value.
vested.
$86,250
186
15,000
6,750
32,880
17,700
18,590
33,043
33,150
85,000
108
15,200
20,000
117,500
15,960
35,360
15,694
15,700
11,100
90,720
15,352
1,250
7,860
6,222
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$75,000
713
15,000
7,000
24,000
10,000
16,900
17,300
22,100
50,000
540 00
-
28,198 00
5,936 00
2,668 00
00
00
00
00
00
00
00
00
00
00
-
10,000
20,000
75,000
12,000
20,800
13,300
10,000
10,000
48,000
10,100
2,500
6,000
5,100
00
00
00
00
00
00
00
00
00
00
00
00
00
24,520 00
5,600 00
2,300 00
$491,233 $733,917 00 $513,233 00
Detailed Statement o f Railroad Bonds.
Par Value,
Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4ès,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R R. 4s,
Concord & Montreal R R. 4s, .
Dexter & Piscataquis R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$19,000
52,000
100,000
85,000
75,000
25,000
25,000
15,000
Estimated
Market Value.
$20,187
56,810
106,625
106,250
74,625
25,750
27,COO
16,500
00
00
00
00
00
00
00
00
Amount Invested.
$19,000
52,000
100,000
85,000
75,000
25,000
25,000
15,000
00
00
00
00
00
00
00
00
No. 8.]
295
SAYINGS BANK COMMISSIONERS.
Institution for Savings in Newburyport, e t c .— Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Eastern R R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 34s, .
Maine Central R.R. 4s,
Maine Central and European &
North American R.R. 4s,
Minnesota & Towa R.R, 34s,
New York & New England R.R. 7s,
New York Central & Hudson River
R.R 7s.............................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s............................
Penobscot Shore Line R.R. 4s,
Portland & Ogdensburg R.R. 34s, .
Upper Coos R.R. 4s,
. . .
Watertown & Rome R.R. 6s, .
Worcester, Nashua & Roch. R.R. 4s,
$40,000
155,000
75.000
100,000
24,000
15,000
70,000
71,000
10,000
50,000
135,000
100,000
100,000
25,000
12,000
40,000
Estimated
Market Value.
$43,300
162,312
63,750
99,000
25,020
Amount Invested.
00
00
00
00
00
16,350 00
70,000 00
75,437 00
10,000
54,875
150,412
106,000
100,250
26,750
14,100
43,800
00
00
00
00
00
00
00
00
$40,000
155,000
67,125
100,000
24,000
00
00
00
00
00
15,000 00
70,000 00
71,000 00
10,000
50,000
135,000
100,000
100,000
25,000
12,000
40,000
00
00
00
00
00
00
00
00
$1,418,000 $1,495,103 00 $1,410,125 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
$50,344
17,348
32,206
10,000
125,000
69
06
74
00
00
Amount.
Kate.
24 per cent. $1,043,800 00 4 per cent.
511,100 00 4£
“
655,900 00 44
“
3A
“
50,000 00 4|
34
3|
3A
Amount.
$888,690
50,000
29,060
40,389
Kate.
00
00
00
00
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
otherwise, .
..............................................................................................
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 466
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................520
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct, 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : third Wednesday of April
and October; payable on fourth Wednesday of April and October.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5 per cent.
54
54
“
6
“
$
10,000 00
19.500 00
19.500 00
154,946 46
225,200 00
462,256 00
8,213 00
292,977 03
296
REPORT OF THE
[Pub. Doc
Institution for Savings in Newburyport, e t c . — Cor
Rate and amount of each semi-annual dividend
during the year ending Oct. 31, 1902,
Number of accounts opened during the year ending Oct. 31, 1902,
1,096
Number of accounts closed during the year ending Oct. 31, 1902,
. 977
Total number of open accounts Oct. 31, 1902,
.
.
.
.
12,957
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of same, ............................................................................. 7 ,032
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902,
.
.............................................................................
Number of s a m e ,.............................................................................8,140
Date of examination by commissioner : October 10.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9,613 60
615,373 47
743,311 30
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
298
[Pub. Doc.
REPORT OF THE
Institution for Savings in Roxbury and its V ic in ity — Continued.
Loans on Public Funds, amount on each : —
$2,000 City of Lowell, Mass., 4 s , ............................................................$1,460 00
1,000 City of Newton, Mass., 4 s , ............................................................
300 00
Detailed Statement o f Public Funds.
Par Value.
County of Hillsborough, N. H., 4s, .
City of Boston, Mass., 4s,
of Chelsea, Mass., 4s,
o f Fall River, Mass., 4s, .
of Fitchburg, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass , 4s, .
of Medford, Mass., 4s,
of Rutland, Vt., 4s, .
of Waterbury, Conn., 4 s,.
Town of Arlington, Mass., 4 s,.
of Billerica, Mass., 4s, .
of Reading, Mass., 4s, .
$40,000
156,000
50,000
16,000
100,000
25,000
137,000
35,000
50,000
25,000
45,000
29,000
19,000
$727,000
Estimated
Market Value.
$40,200
165,317
51,500
17,080
106,000
27,500
139,750
37,240
55,250
26,625
49,725
31,465
20,662
00
50
00
00
00
00
00
00
00
00
00
00
50
Amount Invested.
$40,000
156,000
50,000
16,000
100,000
25,000
137,000
35,000
50,000
25,000
45,000
29,000
19,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$768,315 00 $727,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
60
200
15
8
21
173
400
210
55
39
6
24
16
510
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
First National Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Rockland Bank, Boston,.
National Suffolk Bank, Boston,
Peoples National B’k, Boston,
Second Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington Nat’l B’k, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
6,000
20,000
1,500
800
2,100
17,300
40,000
21,000
5,500
3,900
-
800
$123,900
Estimated
Market Value.
$6,500
6,900
35,400
2,250
1,360
3,360
26,988
53,200
25,200
10,395
5,928
36
528
80
2,550
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$5,000
6,000
20,000
1,500
800
2,100
17,300
40,000
21,000
5,500
3,900
00
00
00
00
00
00
00
00
00
00
00
-
800 00
-
$180,675 00 $123,900 00
No. 8.]
299
SAYINGS BANK COMMISSIONERS.
Institution for Savings in Roxbury and its Vicinity — Continued.
Detailed Statement o f Railroad Bonds.
'
Par Value.
Boston & Albany R.R. 4s,.
Boston & Lowell R.R. 4s, .
Boston & Maine R.R. 4£s,.
Chic., Burlington & Quincy R.R.
3 ^ s , ..................................
Chic., Burlington & Quincy R.R.
4 s , ...........................................
Cleveland & Pittsburgh R.R. 3£s,
Concord & Claremont R.R. 4£s,
Concord & Montreal R.R. 4s, .
Danbury & Norwalk R.R. 5s, .
Fitchburg R R. 3is, .
Fitchburg R.R. 4s,
Illinois Central R R. 3s, .
Illinois Central R.R. 3is, .
Illinois Central R.R. 5s, .
Maine Central R.R. 4s,
Manchester & Lawrence R.R. 4s,
Minnesota & Iowa R.R. 3£s,
New York, New Haven & Hartford R.R. 3ès,
Old Colony R.R. 4s, .
Sullivan County R.R. 4s, .
Worcester, Nashua & Roch.
R.R. 4 s , ..................................
Estimated
Market Value.
' Amount Invested.
!
$25,000 00
105,000 00
100,000 00
$26,500 00
109,895 00
124,500 00
$25,000 CO
105,000 00
100,000 00
100,000 00
98,750 00
100,000 00
100,000
50,000
50,000
75,000
25,000
100,000
150,000
100,000
100,000
45,745
25,000
50,000
50,000
00
00
00
00
00
00
00
00
00
10
00
00
00
107,000
51,000
54,750
80,812
30,000
101,500
153,000
87,000
98,500
45,745
26,000
54,000
50,500
00
00
00
50
00
00
00
00
00
10
00
00
00
100,000
50,000
50,000
75,000
25,000
100,000
140,000
89,250
100,000
45,745
25,000
50,000
50,000
00
00
00
00
00
00
00
00
00
10
00
00
00
25,000 00
100,000 00
25,000 00
25,750 00
110,200 00
27,000 00
25,000 00
100,000 00
25,000 00
50,000 00
55,000 00
50,000 00
$1,450,745 10 $1,517,402 60 $1,429,995 10
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
Estimated
Market Value.
$150,000 $173,250 00
A mount Invested.
$150,000 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$304,685
12,500
164.000
18,000
136.000
90,000
Rate.
44
00
00
00
00
00
2 per cent.
3
3è
“
34
“
3|
3f
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$150,000
20,000
2,284,950
80,000
225,000
25,000
Rate.
00
00
00
00
00
00
3J per cent.
3A
“
4
“
4*
“
41
“
4|
«
Amount.
$922,625
24,500
1,787,470
50,000
44,050
22,975
Rate.
00
00
82
00
00
00
4^ per cent.
4f
“
5
“
51
«
5*
“
6
«
300
REPORT OF THE
[Pub. Doc.
Institution for Savings in Boxbury and its Vicinity — Concluded.
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 477
Aggregate amount of the same, .
.
.
”
..................................
Total number of loans upon real e s t a t e , ...........................................888
dross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,.............................................................................
Times for the dividends fixed by the by-laws: third Wednesday in April
and October; payable on the following day.
Rate and amount of each semi-annual dividends l£ per cent.,$115,916 52
during the year ending Oct. 31, 1902,
.
( 2 per cent., 158,628 00
Number of accounts opened during the year ending Oct. 31, 1902,
3,790
Number of accounts closed during the year ending Oct. 31, 1902,
2,215
Total number of open accounts Oct. 31, 1902,
.
.
.
.
21,424
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................27,019
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ............................................ ' ..........................................
Number of s a m e , .............................................................................
20,785
bate of examination by commissioner: March 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$152,888 72
150.000 00
150.000 00
40,000 00
56,350 00
835,942 00
351,457 22
| 274,544 52
19,606 16
1,668,412 19
1,432,952 21
No. 8.]
SAYINGS BANK COMMISSIONEBS.
301
IP S W IC H SA V IN G S B A N K — IP S W IC H .
Incorporated March 20, 1869.
Present number of corporators, 25.
Joseph R oss , President.
D a n ie l Saff or d , Treasurer.
D a n ie l S aff or d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
D a n ie l S a ff or d ,
T homas H. L o rd ,
T heodore F. C o g sw e l l ,
C h ar les A. Sa y w a r d ,
John A. B l a k e .
Open for business every business day, 8.30 a . m . to 12.30 p . m . ; also Saturdays, 3 to 5 p . m .
B
a l a n c e
S
h e e t
O
c t
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, . . .
.
.
31, 1902.
L ia b il it ie s .
$145,664
43,466
130
173,787
5,844
378,321
8,579
41
00
00
50'
39
14
00
21,100
200
19,659
1,364
00
00
49
81
Deposits, .
Guaranty fund,
Interest account,
$798,116 74
$767,003 60
25,325 00
5,788 14
$798,116 74
Cash on Deposit in Banks, amount in each: —
Fourth National Bank, Boston, . . .
.
First National Bank, Ipswich, .
.
.
.
First National Bank, Salem...................................
Merchants National Bank, Salem,
$2,257
6,231
4,360
6,810
54
62
12
21
Loan on Bank Stock: —
2
shares First National Bank, Salem, .
*
T h is lo a n h a s s in c e b e e n r e d u c e d w it h in t h e le g a l lim it .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$130 00*
302
[Pub. Doc.
REPORT OF THE
Ipswich Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
County of Coos, N. H., 4s,
City of Allegheny, Pa., 3£s,
of Barre, Vt., 3£s,
of Boston, Mass., 4s,
of Central Falls, R. I., 4s,
of Dubuque, Iowa, 3£s, .
of East Saginaw, Mich., 4£s, .
of Everett, Mass., 4s,
of Haverhill, Mass., 4s, .
of Indianapolis, Ind., 3£s,
of Lewiston, Me., 5s,
of Lynn, Mass., 4s, ,
of Milwaukee, Wis., 3^s, .
of Saginaw, Mich., 3£s, .
of Salem, Mass., 4 s,.
of Waterbury, Conn., 4 s ,.
of Willimantic, Conn., 4s,
Town of Dedham, Mass., 3£s, .
of Peabody, Mass., 3£s, .
$10,000
20,000
10,000
10,000
3,000
5,000
5,000
1,500
15,000
5,000
2,000
5,000
10,000
7,400
8,000
1,000
5,000
15,000
7,000
Estimated
Market Value.
$10,025
20,025
10,250
11,000
3,105
5,025
5,012
1,500
15,168
5,006
2,150
5,250
10,100
7.400
8,720
1,002
5,050
15,502
7,070
00
00
00
00
00
00
50
00
75
25
00
00
00
00
00
50
00
50
00
$144,900 $148,362 50
Amount Invested.
$10,000
20,158
10,000
10,000
3,000
5,000
5,000
1,500
15,000
5,000
2,000
5,000
10,000
7,503
8,000
1,000
5,000
15,502
7,000
00
00
00
00
00
00
00
00
00
00
00
00
00
91
00
00
00
50
00
$145,664 41
No. of
Shares.
Detailed Statement o f Bank Stocks.
7
18
12
36
4
30
25
24
40
4
5
23
26
8
12
43
19
*
Blackstone Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Freemans N’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B'k of the Republic, Boston,
National Union Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
"Fremont Nat’ l Bank, Boston, .
Gloucester N’l B’k, Gloucester,
First .National Bank, Ipswich,
N’l Grand Bank, Marblehead,.
Asiatic National Bank, Salem,
First National Bank, Salem, .
Mercantile N’l Bank, Salem, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$161
1,800
1,200
3,600
400
3,000
2,500
2,400
4,000
400
250
2,300
2,600
800
1,200
4,300
1,900
Estimated
Market Value.
$42
2,988
1,320
6,876
600
5,100
4,000
4,080
6,280
756
25
3,105
2,600
880
1,224
3,010
1,919
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$161
1,800
1,200
3,600
400
3,000
2,500
2,400
4,000
400
250
2,300
2,600
800
1,200
4,300
1,900
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
No. 8.]
303
SAYINGS BANK COMMISSIONERS.
Ipswich. Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
122
13
27
14
Par Value.
Merchants Nat’l Bank, Salem,
Nat’l Exchange Bank, Salem,.
Naumkeag N’l Bank, Salem, .
Salem National Bank, Salem,.
$6,100
455
2,700
1,400
$43,466
Estimated
Market Value.
$8,052
65
3,456
1,330
Amount Invested.
$6,100
455
2,700
1,400
00
00
00
00
$57,708 00
00
00
00
00
$43,466 00
Detailed Statement o f Railroad Bonds.
Par Value.
Bennington & Rutland R.R. 4£s,
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4ès,
Boyer Valley R.R. 3<Js,
Chic., Burlington & Quincy R.R. 3és,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R 3s, .
Illinois Central R.R. 3£s, .
Maine Central R.R. 4ès, .
Minnesota & Iowa R.R. 3£s,
Old Colony R.R. 4s, .
$10,000
10,000
1,000
5,000
20,000
15,000
4,000
31,000
30,000
25.000
5,000
20,000
Estimated
Market Value.
$10,950
10,125
1,002
5,050
19,800
16,162
4,000
22,620
29,550
27,125
5,050
22,400
00
00
50
00
00
50
00
00
00
00
00
00
Amount Invested.
$10,000
10,000
1,000
5,137
20,600
15,000
4,000
27,625
30,287
25,000
5,137
20,000
00
00
00
50
00
00
00
00
50
00
50
00
$176,000 $173,835 00 $173,787 50
Total Amount of Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$13,041 83
6,617 66
19,600 00
2 per cent.
2è
“
35
“
Amount.
$4,054 00
175,460 00
Rate.
4 per cent.
5
“
Amount.
$41,405 00
167,811 14
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 386
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................377
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2,............................................................................
Times for the dividends fixed by the by-laws: fourth Wednesday in
January and July ; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
5£ per cent.
6
“
$5,844 39
6,200 00
263,055 14
35,422 21
304
REPORT OF THE
[Pub. Doc.
Ipswich Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $13,758 24 j »28 031
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
14,273 16 J
Number of accounts opened during the year ending Oct. 31, 1902, . 347
Number of accounts closed during the year ending Oct. 31, 1902,
. 191
Total number of open accounts Oct. 31, 1902,
.
. . .
2,517
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,233
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
127,744
Number of s a m e , .............................................................................2,035
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
105,362
Number of s a m e , .............................................................................1,436
Date of examination by commissioner : January 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
40
13
94
54
No. 8.]
SAYINGS BANK COMMISSIONERS.
305
L A W R E N C E S A V IN G S B A N K — L A W R E N C E .
Incorporated March 10, 1868.
Present number of corporators, 23.
R obert H . T e w k s b u r y , President.
L e w is A . F o y e , Treasurer.
L e w is A . F o y e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
R obert H. T e w k s b u r y ,
W il l ia m T. M cA l p in e ,
John R . P oor ,
A l v in E. M a c k ,
L e w is G. H olt .
Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 7 to 8 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
L ia b il it ie s .
$378,000
42,360
21,480
338,200
00
00
00
00
33,000
1,373,858
242,465
100
26,438
2,194
4,006
00
00
00
00
30
21
90
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$2,462,102 41
$2,345,082 19
63,000 00
41,664 57
12,355 65
$2,462,102 41
Cash on Deposit in Banks, amount in each : —
Merchants National Bank, Boston,
Arlington National Bank, Lawrence, .
$9,588 50
16,849 80
Loans on Bank Stock, amount on each : —
10 shares Lawrence National Bank, Lawrence,
4 shares Monument National Bank, Charlestown,
21 shares Bay State National Bank, Lawrence,
80 shares Methuen National Bank, Methuen, .
150 shares Arlington National Bank, Lawrence,
5 shares Pacific National Bank, Lawrence,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
I
$1,300 00
7,000 00
12,800 00
380 00
306
[Pub. Doc.
REPORT OF THE
Lawrence Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3^s, .
.
.
.
County of Aroostook, Me., 4£s,
of Rockingham, N. H., 4s, .
City of Akron, Ohio, 5s, .
of Bay City, Mich., 4s,
of Belfast, Me., 4s, .
of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Bridgeport, Conn., 4 s,.
of Brockton, Mass., 3£s, .
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Concord, N. H., 4s,
of Dover, N. H., 4s, .
of Fall River, Mass., 3£s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 3^s,
of Grand Rapids, Mich , 4£s, .
of Keene, N. H., 4 s,.
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Medford, Mass., 4s,
of Minneapolis, Minn., 4s,
of Minneapolis, Minn., 4£s,
of Nashua, N. H., 4s,
of New Britain, Conn., 4s,
of New London, Conn., 4s,
of Pittsfield, Mass., 4s,
of Portsmouth, N. H., 4s,
of Quincy, Mass., 4s,
of Rockford, 111., 4js,
of Rutland, Vt., 4s, .
of Saginaw, Mich., 4£s, .
of Somersworth, N. H., 4s,
of Terre Haute. Ind., 4s, .
of Waltham, Mass., 4s, .
Town of Attleborough, Mass., 3£s, .
of Beverly, Mass., 4s,
of Danvers, Mass., 4s, .
of Lincoln, R. L, 4s,
of Stoneham, Mass., 4s,.
of Wakefield, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
20,000
3,000
18,000
10,000
15,000
20,000
11,000
5,000
6,000
10,000
16,000
5,000
2,000
15,000
20,000
2,000
20,000
6,000
6,000
2,000
2,000
7,000
1,000
10,000
5.000
10,000
5,000
10,000
15,000
5,000
7,000
5,000
5,000
10,000
20,000
1,000
10,000
9,000
3,000
10,000
2,000
9,000
Estimated
Market Value.
$5,450
22,000
3,255
18,750
10,250
16,275
20,850
11,682
5,475
6,000
10,200
16,932
5,500
2,085
15,225
20,300
2,075
20,400
6,382
6,412
2,020
2,000
7,735
1,087
11,075
5,362
11,125
5,537
10,100
15,412
5,447
7,350
5,337
5,075
10,362
21,450
1,100
10,425
9,742
3,187
10,112
2,210
9,142
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$5,000
20,000
3,000
18,000
10,000
15,000
20,000
11,000
5,000
6,000
10,000
16,000
5,000
2,000
15,000
20,000
2,000
20,000
6,000
6,000
2,000
2,000
7,000
1,000
10,000
5,000
10,000
5,000
10,000
15,000
5,000
7,000
5,000
5,000
10,000
20,000
1,000
10,000
9,000
3,000
10,000
2,000
9,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$378,000 $397,890 00 $378,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
307
Lawrence Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
20
20
55
16
95
20
27
10
14
59
75
29
20
20
20
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
First Ward N’l Bank, Boston,
Fourth National Bank, Boston,
Merchants N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston,.
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’ l Bank, Boston, .
Arlington N’l B’k, Lawrence,.
Lawrence N’l B’k, Lawrence, .
$2,000
460
5,500
1,600
9,500
2,000
2,700
-
1,400
5,900
7,500
-
1,000
2,000
2,000
$43,560
Estimated
Market Value.
$2,300
120
6,875
2,560
12,350
3,820
4,050
10
3,290
6,962
11,400
638
100
2,300
2,300
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$59,075 00
Amount Invested.
$2,000
60
5,500
1,600
9,500
2,000
2,700
00
00
00
00
00
00
00
-
1,400 00
5,900 00
7,500 00
-
200 00
2,000 00
2,000 00
$42,360 00
Detailed Statement o f Bailroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R R. 7s,
Cleveland & Pittsburgh R.R. 3¿s, .
Concord & Montreal R.R. 4s, .
Erie & Pittsburgh R.R. 3¿s,
Fitchburg R.R. 3¿s, .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Maine Central R.R. 4s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4¿s,
Portland & Ogdensburg R.R. 3¿s, .
Portsmouth, Great Falls & Conway
R .R .4¿s...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
20,000
30,000
25,000
15,000
15,000
10,000
2,000
25,000
10,000
10,000
10,000
5,000
40,000
15,000
3,000
7,000
20,000
25,000
5,000
$342,000
Estimated
Market Value.
$51,187
20,450
31,850
31,375
15,900
14,925
10,825
2,040
25,562
10,800
10,225
10,225
5,525
35,400
16,062
3,150
7,455
20,300
25,125
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
6,112 00
Amount Invested.
$50,000
20,000
30,000
25,000
15,000
15,000
10,000
2,000
25,000
10,000
10,000
10,000
5,000
36,200
15,000
3,000
7,000
20,000
25,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
5,000 00
$351,493 00 $338,200 00
308
REPOET OF THE
[Pub. Doc.
Lawrence Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
$9,588
16,849
3,000
35,000
50
80
00
00
2 per cent.
3
4
“
4?
“
Amount.
$222,000
1,253,468
25,000
96,935
Kate.
00
00
00
00
4J per cent.
5
öl
“
6
“
Amount.
$1,700 00
800 00
Kate.
6£ per cent.
7
Amount invested in real estate for banking purposes,..................................
Estimated value of the same.............................................................................
Assessed value of the sa m e,.............................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 419
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................526
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws; January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $38,612 53 1
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
40,447 49 J
Number of accounts opened during the year ending Oct. 31,1902,
2,405
Number of accounts closed during the year ending Oct. 31,1902,
1,686
Total number of open accounts Oct. 31,1902,
.
.
.
.
5,965
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e ,.............................................................................11,834
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902............................................................................ ........
Number of s a m e , .............................................................................4,946
Date of examination by commissioner: April 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$33,000
38,000
26,875
431
00
00
00
23
598,160 00
105,091 50
79,060 02
6,506 25
981,731 33
749,376 91
No. 8.]
309
SAYINGS BANK COMMISSIONERS.
L E E S A V IN G S B A N K — L E E .
Incorporated March 5, 1852.
Present number of corporators, 47.
C. C. H olcombe , President.
J ohn L. K il b o n , Treasurer.
J ohn L. K il b o n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C. C. H olcombe ,
D e W itt S. S m it h ,
G eorge K . B a ir d .
Open for business every business day except Saturdays, 9 a
9 a . m . to 12.30 P . M .
.m .
to 3 p . m . ; Saturdays,
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, . . .
.
$5,000
139,100
3,500
291,500
77,900
12,064
280,565
141,290
00
00
00
00
00
31
00
00
27,200
175
53,819
9,098
507
00
00
06
65
85
$1,041,719 87
Deposits, .
Guaranty fund,
Profit and loss account, .
$977,974 97
45,000 00
18,744 90
$1,041,719 87
Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, B oston ,............................................................$8,219 97
• Lee National Bank, L e e , .............................................................................
24,098
Pynchon National Bank, Springfield,............................................................
1,059
Springfield National Bank, S p r in g fie ld ,...................................................
9,821
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
8,901
Berkshire Loan and Trust Company, P i t t s f i e l d , .................................. 10,816 33
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
65
78
37
61
310
REPORT OF THE
[Pub. Doc
Lee Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
25 shares First National Bank, Adams,
20 shares Berkshire National Bank, North Adams,
5 shares Lee National Bank, Lee,
.
. . .
' I
.
$3,200 00
300 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3ès, .
.
.
.
$5,000
Estimated
Market Value.
$5,287 50
Amount Invested.
$5,000 00
Detailed Statement o f Bank Stocks.
<©
*-. ©
m
. **
Estimated
Market Value.
£Û
60
40
10
30
30
100
60
50
30
26
40
30
30
40
20
100
70
20
90
40
24
65
45
30
40
10
50
75
First National Bank, Adams, .
First National Bank, Amherst,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Continental N’l Bank, Boston,
First National Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
City N’l B’k, Bridgeport, Conn.,
Birmingham National Bank,
Derby, Conn.,
National Mahaiwe Bank, Great
Barrington, .
.
.
.
Lee National Bank, Lee, .
Adams N’l B’k, North Adams,
Agricultural N’l B’k, Pittsfield,
Pittsfield Nat’l Bank, Pittsfield,
Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
Agawam N’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield, .
Second Nat’l Bank, Springfield,
Springfield N’l B’k, Springfield,
Third Nat’l Bank, Springfield,
Springfield Safe Deposit and
Trust Co., Springfield,.
H o u s a t o n i c National Bank,
Stockbri dge, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,000
4,000
1,000
3,000
-
10,000
6,000
5,000
3,000
2,600
4,000
3,000
3,000
4,000
$7,200
6,000
1,300
3,450
150
17,700
9,000
8,500
4,800
3,068
6,080
5,100
4,500
00
00
00
00
00
00
00
00
00
00
00
00
00
6,800 00
$7,000
5,000
1,000
3,000
00
00
00
00
-
10,000
6,000
5,000
3,000
2,600
4,200
3,000
3,000
00
00
00
00
00
00
00
00
4,000 00
2,000
10,000
7,000
2,000
9,000
2,900
16,500
8,260
4,900
11,250
00
00
00
00
00
2,500
10,150
7,000
5,250
11,000
00
00
00
00
00
4,000
2,400
6,500
4,500
3,000
4,000
1,000
5,000
2,160
9,750
4,725
3,900
7,400
2,200
00
00
00
00
00
00
00
4,000
2,400
9,400
4,800
3,000
5,200
2,100
00
00
00
00
00
00
00
5,000
8,500 00
7,500 00
7,500
11,250 00
8,000 00
$122,500
$182,343 00 $139,100 00
No. 8.]
SAYINGS BANK COMMISSIONERS
311
Lee Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 3¿s, .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3 ¿s,.
Illinois Central R.R. 4s, .
Maine Central R.R 7s,
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York, Lackawanna & Western
R.R. 6 s ,...........................................
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 3¿s,
.
.
.
.
.
New York, New Haven & Hartford
R.R. 4s, .
.
.
.
.
Old Colony R.R. 4s, .
Western Pennsylvania R.R. 4s,
$10,000
25,000
20,000
25,000
20,000
10,000
5,000
30,000
25,000
10,000
Estimated
Market Value.
$10,625
26,250
19,800
26,750
21,600
10,150
5,500
29,700
27,625
12,750
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
25,000
20,000
25,000
20,000
10,000
5,500
30,000
25,000
10,000
00
00
00
00
00
00
00
00
00
00
15,000
18,450 00
18,000 00
10,000
10,000
13,200 00
10,600 00
13,000 00
10,000 00
10,000
10,200 00
10,000 00
20,000
25,000
15,000
22,800 00
28,125 00
16,350 00
20,000 00
25,000 00
15,000 00
$285,000 $310,475 00 $291,500 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$70,000
Estimated
Market Value.
$80,850 00
Amount Invested.
$77,900 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$23,219 97
8,901 61
20,637 70
2¿ per cent.
3
3è
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$21,059 78
5,500 00
1,000 00
Rate.
Amount.
4 per cent.
$379,180 00
47,050 00
4£
4¿
“
Rate.
5 per cent.
6
«
312
REPORT OF THE
[Pub. Doc.
Lee Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 211
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................208
Amount of investments from which no income is received,
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: May 31 and November
30; payable June 1 and December 1.
Rate and amount of each semi-annual dividend f 1| per cent., $15,859 24 )
during the year ending Oct. 31, 1902,
.
1 I f per cent., 16,086 76 J
Number of accounts opened during the year ending Oct. 31, 1902,
. 383
Number of accounts closed during the year ending Oct. 31, 1902,
. 262
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,723
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)..............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................2,320
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
Number of s a m e , .............................................................................1,647
Date of examination by commissioner: July 23.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$12,064 31
12,585 00
390 01
175,845 00
2,400 00
47,793 06
g^g
qq
4,593 55
153,606 52
150,067 02
No. 8.]
SAYINGS BANK COMMISSIONERS
313
L E IC E STE R SA V IN G S B A N K — L E IC E STE R .
Incorporated April 17, 1869.
Present number of corporators, 33.
J u l iu s 0 . M u r d o c k , President.
P a r k m a n T . D e n n y , Treasurer.
H e r b e r t E . C u r r i e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
T h eo d or e E . W oodcock,
E v e r e t t Ca r l e t o n ,
C h a r l e s A. D e n n y ,
J a m e s J. K
A lo n zo B . D a v id s o n ,
C h a n n in g S m i t h ,
J u l iu s O. M u r d o c k ,
n ig h t .
Open for business every business day except Saturdays, 9 a .m . to 1
Saturdays, 9 a .m . to 1 p . m .
p .m
. ; 2 to 4
p .m .
B a l a n c e Sh e e t O c t . 3 1 , 1 9 0 2 .
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Deposit in bank, on interest,
Expense account,
Premium account,
$212,400
33,250
3,350
146,525
6,000
241,506
44,845
00
00
00
00
00
07
56
38,000
17,570
544
7,975
00
68
71
35
$751,967 37
Deposits, .
Guaranty fund,
Interest account,
$704,945 57
31,012 0916,009 71
$751,967 37
Cash on Deposit in Bank: —
Leicester National Bank, Leicester,
$17,570 68'
Loans on Bank Stock, amount on each : —
30 shares Leicester National Bank, Leicester,
12 shares Leicester National Bank, Leicester,
12 shares Leicester National Bank, Leicester,
1 share Leicester National Bank, Leicester,
$1,500 00
750 00
1,0 0 0 00
100 00
Loan on Railroad Stock: —
32 shares Boston & Albany R.R.,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 6,000 00
[Pub. Doc.
REPORT OF THE
314
Leicester Savings Bank — Continued.
Detailed Statement o f Public Funds,
Par Value.
City of Bay City, Mich., 4s,
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s, .
of Kansas City, Mo., 4£s,.
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn , 3is,
of New Britain, Conn., 4s,
of Saginaw, Mich., 3£s, .
of Saginaw, Mich., 4s,
of Waltham, Mass., 4s, .
of Worcester, Mass., 4^s,
Town of Braintree, Mass., 4s, .
of Clinton, Mass., 4s,
of Gt. Barrington, Mass., 4 s,.
of Holbrook, Mass., 4s, .
of Leicester, Mass., 4s, .
of No. Attleborough, Mass., 4s,
of Orange, Mass., 4s,
of Randolph, Mass., 4 s ,.
of Spencer, Mass , 4s, .
of Westborough, Mass., 3£s,.
f
15,000
10,000
5,000
8,000
10,000
10,000
9,000
15,000
5,000
7,400
10,000
12,000
4,000
5,000
1,000
5,000
10,000
9,000
5,000
18,000
24,000
5,000
10,000
Estimated
Market Value.
$15,900 00
10,400 00
5,050 00
8,880 00
10,075 00
10,550 00
9,877 50
15,375 00
5,150 00
7,446 25
10,787 50
12,645 00
4,060 00
5,475 00
1,082 50
5,500 00
10,800 00
9,575 00
5,500 00
19,002 50
25,920 00
5,325 00
10,325 00
Amount Invested.
$15,000 00
10,000 00*
5,000 00
8,000 00
10,000 00
10,000 00
9,000 00
15,000 00
5,000 00
7,400 00
10,000 00
12,000 00
4,000 00
5,000 00
1,000 00
5,000 00
10,000 00
9,000 00
5,000 00
18,000 00
24,000 00
5,000 00
10,000 00
$212,400 $224,701 25 $212,400 00
*
A legal investment when made.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
10
10
30
41
20
54
92
6
5
28
1
Par Value.
Colonial National B’k, Boston,
Continental Nat’l B’k, Boston,
Eliot National Bank, Boston, .
Nat’l Shawmut Bank, Boston,.
National Webster B’k, Boston,
State National Bank, Boston, .
Leicester N’l Bank, Leicester,
Millbury N’l Bank, M illbury,.
Oxford Nat’l Bank, Oxford, .
Central N’l Bank, Worcester, .
City National B’k, Worcester,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,000
3,000
4,100
2,000
5,400
9,200
600
500
2,800
100
$28,700
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
$1,500 00
3,600 00
6,150 00
2,000 00
6,075 00
9,200 00
600 00
500 00
3,500 00
' 125 00
$42,188 00
$33,250 00
$1,500
50
4,980
9,635
2,360
8,208
11,040
600
625
3,080
110
No. 8.]
315
SAVINGS BANK COMMISSIONERS.
Leicester Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
'V
Par Value.
*
Albany and Susquehanna R.R. 6s, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Boyer Valle 3T R.R. 3¿s, .
Chic., Burlington & Quincy R.R. 3ès,
Cleveland & Pittsburgh R.R. 3¿s, .
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3¿s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 3 è s , ..................................
Old Colony R.R. 4 s ,.
Upper Coos R.R. 4s,
. . .
Estimated
Market Value.
$5,000
7,000
20,000
5,000
15,000
20,000
11,000
3,000
3,000
4,000
5,000
20,000
4,000
$5,350
7,137
22,400
5,375
15,150
19,800
11,220
3,240
3,030
4,040
4,350
19,700
4,180
00
50
00
00
00
00
00
00
00
00
00
00
00
15,000
5,000
5,000
15,450 00
5,600 00
5,000 00
Amount Invested.
$5,000
7,000
20.000
5,000
15,000
20,000
11,000
3,000
3,000
4,000
4,525
20,000
4,000
00
00
00
00
00
00
00
00
00
00
00
00
00
15,000 00
5,000 00
5,000 00
f 147,000 $151,022 60 $146,525 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$17,570 68
2,500 00
5,245 56
Kate.
2 per cent.
3è
“
3|
“
Amount.
$50,200 00
36,100 00
206,914 00
Kate.
4 per cent.
4è
“
5
Amount.
$3,600 00
29,142 07
Rate.
5£ per cent.
6
Number of loans which are of an amount not exceeding $3,000 each, 209
Aggregate amount of the s a m e , .................................................................... $201,019 07
Total number of loans upon real e s t a t e , ...........................................207
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
30,754 99
Times for the dividends fixed by the by-laws: June 1 and December 1;
payable after June 1 and December 1.
Hate and amount of each semi-annual dividend f 1| per cent., $11,779 80 | 23 726 90
during the year ending Oct. 31, 1902,
.
I If per cent., 11,947 10 J
Number of accounts opened during the year ending Oct. 31,1902,
. 136
Number of accounts closed during the year ending Oct. 31, 1902,
. 146
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,451
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
316
REPORT OF THE
[Pub. Doc.
Leicester Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
................................................... ...
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ..................................................................................... 691
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of s a m e , ..................................................................................... 822
Date of examination by commissioner : May 15.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
f 1,745 47
59,848 68
75,073 55
No. 8.]
317
SAYINGS BANK COMMISSIONERS.
L E N O X S A V IN G S B A N K — L E N O X .
Incorporated April 4, 1890. Present number of corporators, 9.
H e n r y S e d g w ic k , President.
E d w a r d M cD o n a ld , Treasurer.
M u r r a y A. B r o w n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
H e n r y A. B e l d e n ,
W il l ia m D . C u r t is .
T homas P ost ,
H e n r y S e d g w ic k ,
Open for business every business day except Saturdays, 9 a . m . to 3 p .m . ; Saturdays,
9 a .m . to 12 M.
B a l a n c e S h e e t O c t . 31, 1902.
Assets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
$1,120
46,713
35.000
32,575
195,980
10,300
00
00
00
62
00
00
29.000
18,413
1,115
233
00
40
95
50
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$370,451 47
$360,270 78
5,609 14
3,330 66
1,240 89
$370,451 47
Cash on Deposit in Banks, amount in each : —
Lenox National Bank, L e n o x , ....................................................................$1,115 95
Springfield National Bank, S p r in g f ie ld ,...................................................
8,613 44
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
9,799 96
Detailed Statement o f Public Funds.
Par Value.
!
United States 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
$1,000
Estimated
Market Value.
$1,125 00
Amount Invested.
$1,120 00
318
[Pub. Doc.
REPORT OF THE
Lenox Savings Bank — Continued.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
25 Lee National Bank, L ee,.
65 Lenox National Bank, Lenox,.
15 Palmer National B’k, Palmer,.
20 Agricultural N’l B’k, Pittsfield,
19 Pittsfield Nat’l Bank, Pittsfield,
10 Chapin Nat’l B’k, Springfield,
14 Chicopee N’l B’k, Springfield,
10 City National B’k, Springfield,
15 John Hancock National Bank,
Springfield, .
.
.
.
10 Second N’l Bank, Springfield,
20 Springfield N’l B’k, Springfield,
25 Springfield Safe Deposit and
Trust Co., Springfield,.
24 Third Nat’l Bank, Springfield,
12 Housatonic National Bank,
Stockbri dge, .
.
.
.
10 Mechanics N’l B’k, Worcester,
Estimated
Market Value.
Amount Invested,
$2,500
6,500
1,500
2,000
1,900
1,000
1,400
1,000
$4,125
9,750
1,500
4,900
2,375
1,200
2,100
1,450
00
00
00
00
00
00
00
00
$4,189
8,695
1,900
5,005
2,980
1,550
2,424
1,550
00
00
00
00
00
00
00
00
1,500
1,000
2,000
2,500
1,530
1,300
3,700
3,750
00
00
00
00
1,830
1,550
3,000
3,750
00
00
00
00
2,400
5,280 00
5,280 00
1,200
1,000
1,800 00
1,000 00
2,010 00
1,000 00
$29,400
$45,760 00
$46,713 00
Detailed Statement o f Bailroad Bonds.
Estimated
Market Value.
Amount Invested.
$10,000
25,000
$10,000 00
25,000 00
$10,000 00
25,000 00
$35,000
$35,000 00
$35,000 00
Par Value.
Chic., Burlington & Quincy R.R. 3¿s,
Illinois Central R.R. 3£s, .
Boston Terminal Company Bonds.
Par Valué.
Boston Terminal Company 3¿s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$30,000
Estimated
Market Value.
Amount Invested.
$34,650 00
$32,575 62
No. 8 .]
319'
SAYINGS BANK COMMISSIONERS
Lenox Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$18,413 40
29,000 00
Bate.
Amount.
Kate.
3 per cent.
3£ “
$170,175 00
5 per cent.
Amount.
$36,105 00
Rate.
6 per cent.
Number of loans which are of an amount not exceeding $3,000 each, 51
$57,580 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................66
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................
15,875 52
Times for the dividends fixed by the by-laws: first Tuesday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend f I f per cent., $5,634 10 )
11,390 62
during the year ending Oct. 31, 1902,
.
1 If per cent.,
5,756 52 3
Number of accounts opened during the year ending Oct. 31, 1902,
203
Number of accounts closed during the year ending Oct. 31, 1902,
122
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,034
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
882 25
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
80,177 72
Number of s a m e , .............................................................................1,316
Amount of withdrawals, including dividends, during the year ending
66,813 74
Oct. 31, 1902.....................................................................................................
Number of s a m e , ............................................................................
570
Date of examination by commissioner: July 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
320
REPORT OF THE
[Pub. Doc.
L E O M IN ST E R S A V IN G S B A N K — LE O M IN ST E R .
Incorporated March 16, 1865.
Present number of corporators, 34.
J oseph G. T e n n e y , President.
H am ilto n M a y o , Treasurer.
H am ilto n M a y o , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
H a m il t o n M a y o ,
Clesson K e n n e y ,
A rthur H . H a l l ,
D a v id C. N ick er so n ,
M ilto n H . B o sw orth .
Open for business every business day except Saturdays, 9 a .m . to 12 m . ; 1 to 3 p . m . ;
Saturdays, 9 a . m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Real estate (for banking pur
poses), ..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
. . .
L ia b il it ie s .
$228,000
32,224
6,500
116.500
800
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
$1,742,430 98
80,000 00
20,001 03
29,137 94
839,781 06
272,610 00
243.500
110
72,369
899
00
00
51
50
$1,842,432 01
$1,842,432 01
Cash on Deposit in Banks, amount in each: —
Old Colony Trust Company, Boston, .
Safety Fund National Bank, Fitchburg,
Leominster National Bank, Leominster,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$728 16
25,000 00
46,641 35
No. 8.]
SAYINGS BANK COMMISSIONERS
321
Leominster Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
20 shares
10 shares
5 shares
20 shares
25 shares
Leominster National Bank, L e o m in s t e r ,............................................ $2,000
Leominster National Bank, L e o m in s t e r ,...................................
1,000
Leominster National Bank, L e o m in s t e r ,...................................
500
Leominster National Bank, L e o m in s t e r ,...................................
2,000
Central National Bank, L y n n , ...................................................
1,000
00
00
00
00
00
Loan on Railroad Stock: —
5 shares Boston & Albany R .R .,....................................................................
$800 00
Detailed Statement o f Public Funds.
Par Value.
County of Hampden, Mass., 3s,
City of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Dubuque, Iowa, 4s,
of Holyoke, Mass., 3£s, .
of Indianapolis, Ind., 3ès,
of Lowell, Mass., 4s,
of Malden, Mass., 3ès,
of Malden, Mass., 4s,
of Manchester, N. H., 4s,.
of Marlborough, Mass., 4s,
of Meriden, Conn., 4s,
of Newton, Mass., 4s,
of Quincy, Mass., 4s,
of Troy, N. Y., 34s, .
of Woburn, Mass., 4s,
Town of Newmarket, N. H., 3£s,
of Peabody, Mass., 4s, .
of Reading, Mass., 4s, .
of Stoneham, Mass., 3£s,
15,000
8,000
25,000
23,000
20,000
10,000
10,000
4,000
6,000
10,000
10,000
10,000
15,000
10,000
10,000
6,000
10,000
6,000
10,000
20,000
Estimated
Market Value.
$4,975
8,210
29,000
24,293
20,400
10,000
10,165
4,020
6,180
10,712
10,512
10,037
16,837
10,500
10,225
6,050
10,275
6,600
10,712
20,675
00
00
00
75
00
00
00
00
00
50
50
50
50
00
00
00
00
00
50
00
Amount Invested.
$5,000
8,000
25,000
23,000
20,000
10,000
10,000
4,000
6,000
10,000
10,000
10,000
15,000
10,000
10,000
6,000
10,000
6,000
10,000
20,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$228,000 $240,381 25 $228,000 00
No. of
Shares,
Detailed Statement o f Bank Stocks.
3
15
27
20
9
50
Estimated
Par Value.
Blackstone N’I Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central National Bank, Boston,
Continental Nat’l B’k, Boston,
N’1 B’k of Commerce, Boston,
Nat’l Webster Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$69
1,500
2,700
-
900
5,000
Market Value.
$18
1,650
3,375
100
1,350
5,900
00
00
00
00
00
00
Amount Invested.
$24 00
1,500 00
2,700 00
_
900 00
5,000 00
322
REPORT OF THE
[Pub. Doc.
Leominster Savings Bank — Continued.
No. of
Shares.
Detailed Statement of Bank Stocks — Concluded.
Par Value.
1 Winthrop Nat’l Bank, Boston,
80 Safety Fund N’l B’k, Fitchburg,
150 Leominster National Bank,
Leominster, .
.
.
.
Crocker N’l B’k, Turner’s Falls,
10
Estimated
Market Value.
Amount Invested.
$100
8,000
$170 00
8,000 00
$100 00
6,000 00
15,000
1,000
18,000 00
1,400 00
15,000 00
1,000 00
$34,269
$39,963 00
$32,224 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 4s, .
Boston «fe Maine R.R. 4¿s,
Chic., Burlington <&Quincy R.R. 7s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R R. 4ès, .
.
.
.
Fitchburg R R. 5s, .
.
.
.
Maine Central R.R. 4s,
New York & New England R.R. 7s,
$15,000
1,000
31.000
10.000
10,000
6,000
12,000
10,000
22,000
$117,000
Estimated
Market Value.
$16,875
1,250
31,465
10,825
10,225
6,600
12,400
10,425
23,375
Amount Invested.
00
00
00
00
00
00
00
00
00
$15,000
1,000
31.000
10.000
9,500
6,000
12,000
10,000
22,000
00
00
00
00
00
00
00
00
00
$123,440 00 $116,500 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$47,369
50.000
45.000
15.000
Rate.
51
00
00
00
2 per cent.
3.49 “
H
“
H
“
Amount.
$55,000
60,000
83,400
24,500
Rate.
00
00
00
00
3J4 per cent.
3|
4
“
4|
“
Amount.
$42,000
965,761
4.750
42,889
Rate.
00
46
00
60
Amount invested in real estate for banking purposes,..................................
Assessed value of the same, .
.
.
...................................................
Number of loans which are of an amount not exceeding $3,000 each, 514
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................527
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4¿ per cent.
5
“
5è
“
6
“
$29,137 94
18,500 00
548,041 06
74,621 86
No. 8.]
SAYINGS BANK COMMISSIONERS.
323
Leominster Savings Bank — Concluded.
fiate and amount of each semi-annual divid
during the year ending Oct. 31, 1902,
Number of accounts opened during the year ending Oct. 31, 1902,
. 925
Number of accounts closed during the year ending Oct. 31, 1902,
. 578
Total number of open accounts Oct. 31,1902,
. . .
.
4,820
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ........................................................... ........
4,724
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902.....................................................................................................
Number of s a m e , ............................................................................ 3,183
Date of examination by commissioner : May 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3,999 35
372,827 70
262,886 15
324
REPORT OF THE
[Pub. Doc.
L E X IN G T O N S A V IN G S B A N K — L E X IN G T O N .
Incorporated March 11, 1871.
B r a d l e y C. W
Present number of corporators, 30.
Jam e s E . C r o n e , Treasurer.
A ugustus E . S cott , Clerk o f the Corporation.
h it c h e r ,
President.
Names of committee charged with the investment of its funds.
B r a d l e y C. W h it c h e r ,
L eonard A . Sa v il l e ,
L ym an L aw rence,
W a l t e r W e l l in g t o n ,
E d w in S. Sp a u l d in g ,
G eorge W . Sp a u l d in g .
Open for business Wednesdays, 3.30 to 6 p . m . ; Saturdays, 3.30 to 7 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Loan on public funds,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,.................................. .
Deposit in bank, on interest,
Expense account,
Premium account,
Cash on hand, .
.
.
.
L ia b il it ie s .
$47,000
40,000
7,500
61,000
20,000
00
00
00
00
00
6,557
11,499
228.366
64,050
52
52
62
00
25,000
15,616
65
1,000
3,195
00
46
90
00
77
$530,851 79
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rents and expenses
of bank building, .
$502,197 26
23,590 00
2,412 58
2,582 50
159 45
$530,851 79
Cash on Deposit in Bank : —
Fourth National Bank, B o s t o n ,....................................................................$15,616 46
Loan on Public Funds : —
$5,000
13.000
5.000
1.000
19.000
Massachusetts 3 £ s ,.............................................................................. ]
City of
Omaha, Neb., 4 ^ s , ................................................ I
City of Chicago, 111., 4 s , .................................................................... $40,000 00
City of
Pawtucket, R. I., 4 s , .............................................. j
City of
Providence, R. 1., 3 s ,............................................... J
Loan on Bank Stock : —
100 shares Fourth National Bank, B o s t o n , ...........................................$7,500 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
325
SAYINGS BANK COMMISSIONERS.
Lexington Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3s,
County of Aroostook, Me., 4£s,
City of Concord, N. H., 4s,
of Malden, Mass., 4s,
of Milwaukee, YVis., 5s., .
of Newton, Mass., 4s,
Town of Lexington, Mass., 4s,
$5,000
5,000
5,000
2,000
5,000
15,000
10,000
$47,000
Estimated
Market Value.
$5,000
5,500
5,518
2,107
5,187
17,137
10,725
00
00
75
50
50
50
00
$51,176 25
Amount Invested.
$5,000
5,000
5,000
2,000
5,000
15,000
10,000
00
00
00
00
00
00
00
$47,000 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4is,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Maine Central R.R. 4£s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
$11,000
5,000
10,000
5,000
5,000
5,000
5,000
Estimated
Market Value.
$11,606
5,606
12,450
5,350
5,387
5,662
5,425
25
25
00
00
50
50
00
Amount Invested.
$11,000
5,000
10,000
5,000
5,000
5,000
5,000
00
00
00
00
00
00
00
10,000
5,000
11,400 00
5,500 00
10,000 00
5,000 00
$61,000
$68,387 50
$61,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$20,000
Estimated
Market Value.
Amount Invested.
$23,100 00
$20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$15,616 46
40,000 00
47,500 00
Rate.
2£ per cent.
3|
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$9,500 00
182,985 62
Rate.
4| per cent.
5
“
Amount.
$500 00
84,431 00
Rate.
5£ per cent.
6
326
REPORT OF THE
[Pub. Doc.
Lexington Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................. $6,557 52
Estimated value o f the s a m e , ....................................................................
8,000 00
Assessed value of the s a m e ,.............................................................................
8,000 00
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................11,499 52
Assessed value of the s a m e ,.............................................................................
13,300 00
Number of loans which are of an amount not exceeding $3,000 each, 101
Aggregate amount of the s a m e , ....................................................................
150,461 62
Total number of loans upon real e s t a t e , ...........................................106
Amount of investments from which no income is recei ved, . . . .
7,156 36
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 9 0 2 , ............................................................
23,171 04
Times for the dividends fixed by the by-laws: second Wednesday in April
and October; payable third Wednesday in April and October.
Rate and amount of each semi-annual dividend j 1| per cent., $8,047 53 )
9gg gg
during the year ending Oct. 31, 1902,
.
1 I f per cent.,
8,221 85 )
’
Number of accounts opened during the year ending Oct. 31, 1902,
. 194
Number of accounts closed during the year ending Oct. 31, 1902,
. 112
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,742
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
..................................................................................... 1,211 73
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
92,827 86
Number of s a m e , .............................................................................1,747
Amount of withdrawals, including dividends, during the year ending
87,471 23
Oct. 3 1 , 1 9 0 2 , .............................................................................................
Number of s a m e , ............................................................................ 1,175
Date of examination by commissioner : January 15.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
827
L O W E L L F IV E CENTS S A V IN G S B A N K — L O W E L L .
Incorporated April 12, 1854.
Present number of corporators, 53.
John A . F a u l k n e r , President.
A ustin K . C h a d w ic k , Treasurer.
A ustin K. C h a d w ic k , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A ustin K. C h a d w ic k ,
W il l ia m F . W il d e r ,
Sa m u e l H . T hompson ,
G eorge L. H ooper ,
A r t h u r S taples ,
F r a n k E. D u n b ar .
Open for business every business day, 9 a . m . to 1 p .m . ; also Saturdays, 7 to 9 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
Assets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking pur
poses)........................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Deposits in banks, on interest, .
Suspense account,
Cash on hand, .
L ia b il it ie s .
$25,000
119,824
3,000
310,000
00
00
00
00
Deposits, .
Guaranty fund,
Profit and loss account, .
Premium account, .
$2,794,411 38
141,000 00
49,592 51
20,345 79
65,000 00
1,624,641 00
819,283 64
3,120
32,224
501
2,755
00
13
36
55
$3,005,349 68
$3,005,349 68
Cash on Deposit in Banks, amount in each : —
National Shawmut Bank, B o s t o n , ........................................................... $4,100 92
Prescott National Bank, Low ell,....................................................................
28,123 21
Loan on Bank Stock : —
6 shares Old Boston National Bank, Boston,
1 share National Webster Bank, Boston, .
26 shares Prescott National Bank, Lowell, .
2 shares Appleton National Bank, Lowell,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•1
I
' }•I
•J
$3,000 00
328
REPORT OF THE
[Pub. Doc.
Low ell Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Cambridge, Mass., 3ès,
$25,000
Estimated
Market Value.
$26,250 00
Amount Invested.
$25,000 00
Detailed Statement o f Bank Stocks.
v- có
O <p
c £
^ œ
Estimated
Market Value.
44 Atlas National Bank, Boston, .
33 Blackstone Nat’l Bank, Boston,
52 Boylston Nat’l Bank, Boston, .
5 Faneuil Hall N’l Bank, Boston,
31 Freemans Nat’l Bank, Boston,
40 Lincoln Nat’l Bank, Boston, .
10 Merchants Nat’l Bank, Boston,
40 N’l Bank of Commerce, Boston,
160 N’l B’k of Redemption, Boston,
10 N’l B’k of the Republic, Boston,
50 National City Bank, Boston, .
17 Nat’l Exchange Bank, Boston,
126 Nat’l Shawmut Bank, Boston,.
64 Nat’l Suffolk Bank, Boston,
40 National Union Bank, Boston,
25 Second National Bank, Boston,
32 State National Bank, Boston, .
61 Suffolk Nat’l Bank, Boston,
35 Tremont Nat’l Bank, Boston, .
20 Washington N’l Bank, Boston,
35 Merchants Nat’l Bank, Lowell,
100 Old Lowell N’l Bank, Lowell,
162 Prescott Nat’l Bank, Lowell, .
66 Union National Bank, Lowell,
20 Wamesit Nat’l Bank, Lowell, .
$4,400
759
5,200
500
3,100
400
1,000
4,000
16,000
1,000
-
1,700
12,600
6,400
4,000
2,500
3,200
-
1,750
-
10,000
16,200
6,600
2,000
$103,309
$5,060
198
5,720
685
3,410
200
1,910
6,000
27,200
1,600
50
2,584
29,610
8,512
6,800
4,725
4,864
366
175
100
175
11,000
17,820
11,550
2,040
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Aiuuiml Iiiv tslod«
$4,400
759
5,200
500
3,100
400
1,000
4,000
16,000
1,000
00
00
00
00
00
00
00
00
00
00
-
1,700
18,900
8,000
4,000
2,500
3,200
00
00
00
00
00
00
-
1,750 00
-
12,075
19,440
9,900
2,000
00
00
00
00
$152,354 00 $119,824 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3is, .
Fitchburg R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
75,000
20,000
Estimated
Market Value.
$26,875 00
77,250 00
22,000 00
Amount Invested.
$25,000 00
75,000 00
20,000 00
No. 8.]
329
SAVINGS BANK COMMISSIONERS.
Lowell Five Cents Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Fitchburg R.R. 5s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4£s, .
Minnesota & Iowa R.R. 3£s,
New York, New Haven & Hartford
R.R. 3és,
..................................
Norwich & Worcester R.R. 4s,
$25,000
50,000
15,000
25,000
50,000
25,000
Estimated
Market Value.
$26,875
55,500
16,200
25,375
00
00
00
00
Amount Invested.
$25,000
50,000
15,000
25,000
00
00
00
00
50,000 00
25,000 00
51,750 00
27,500 00
$310,000 $329,325 00 $310,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$4,100
28,123
241,120
258,500
92
21
00
00
Kate.
Amount.
Kate.
2 per cent.
2à
“
4
“
4i
$548,814 50
149,600 00
1,067,560 14
4£ per cent.
4|
“
5
»
Rate.
Amount.
$25,000 00
55,900 00
103,550 00
5ì per cent.
H
“
6
“
Amount invested in real estate for banking purposes,
. . .
.
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 471
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................555
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws: first Saturday in January
and July; payable Monday following.
Rate and amount of each semi-annual dividend f 1| per cent., $44,499 02 )
during the year ending Oct. 31, 1902,
.
1 1| per cent., 45,107 70 )
Number of accounts opened during the year ending Oct. 31, 1902,
2,859
Number of accounts closed during the year ending Oct. 31, 1902,
2,308
Total number of open accounts Oct. 31, 1902,
.
.
.
.
12,116
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct 31, 1 9 0 2,.....................................................................................
Number of s a m e , ............................................................................ 19,126
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , ............................................................................ 8,709
Date of examination by commissioner: March 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$65,000 00
65,000 00
56,420 00
566,405 14
131,248 98
89,606 72
9,415 67
571,491 57
527,089 12
[Pub. Doc
REPORT OF THE
330
L O W E L L IN S T IT U T IO N FOR S A V IN G S — L O W E L L .
Incorporated Feb. 20,1829.
Present number of corporators, 37.
A . S t . John C h a m b r e , President.
G eorge J. Ca r n e y , Treasurer.
G eorge J. Ca r n e y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
G eorge J. Ca r n e y ,
John J. C olton ,
C h ar les H . H obson ,
Jam es W . B. S h a w ,
F r e d e r ic k T a y l o r .
Open for business every business day for deposits, 9 a .m . to 2 p . m . ; Saturdays, 7 to 9 p . m . -y
for payments, Tuesdays, Thursdays, Saturdays, 9 a . m to 2 p .m . ;
Saturdays, 7 to 9 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Real estate (for banking pur
poses) ........................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Reconstruction account, .
$500,000 00
106,700 00
3,700 00
20,334 06
1,725,248 18
1,222,000 00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
Suspense account, .
Real estate income
account,
$5,011,770 54
277,518 05
42,252 55
1,424 61
4,329 02
1,665,635 00
77,066 92
16,610 61
$5,337,294 77
$5,337,294 77
Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , .................................................................... $ 1,000 09
Union National Bank, L o w e l l , ....................................................................
1,066 92
Wamesit National Bank, L o w e l l , ............................................................
75,000 00
Loans on Bank Stock, amount on each: —
10 shares Prescott National Bank, Low ell,................................................... 1
15 shares Union National Bank, Lowell, .
.
.
.
.
.
.
i
12 shares Prescott National Bank, Low ell,...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2 500 00
’
1,200 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
331
Lowell Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Par Value.
United States 4s,
.
.
Estimated
Market Value.
Amount Invested.
$500,000 $555,000 00 $500,000 00
.
No. of
Shares.
Detailed Statement o f Bank Stocks.
344
161
473
107
89
Par Value.
Merchants Nat’l Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
Merchants Nat’l Bank, Lowell,
Union National Bank, Lowell,
$34,400
16,100
47,300
_
8,900
Estimated
Market Value.
$65,704
25,277
89,397
535
15,575
00
00
00
00
00
Amount Invested.
$34,400 00
16,100 00
47,300 00
-
8,900 00
$106,700 $196,488 00 $106,700 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$180,066
75,000
183,350
149,850
146,400
267,135
565,250
Rate.
92
00
00
00
00
00
00
2 per cent.
2h
“
3$
“
3$
3*
“
3f
»
34
“
Amount.
$12,000
30.000
80.000
4,880
312,000
953,420
75,000
Rate.
00
00
00
00
00
00
00
34$ per cent.
3Ä
“
3f
3f
3$
“
4
“
m
“
Rate.
Amount.
$256,500
582,800
35,500
772,898
10,000
1/600
00
00
00
18
00
00
4^ per cent.
4$
“
4|
“
5
«
5$
«
6
Amount invested in real estate for banking purposes,.................................. $20,334 06
Estimated value of the s a m e , ....................................................................
20,334 06
Assessed value of the s a m e ,............................................................................
42,350 00
Net income received from same during year ending Oct. 31, 1902,
.
.
1,088 20
Number of loans which are of an amount not exceeding $3,000 each, 165
Aggregate amount of the s a m e , ....................................................................
233,078 64
Total number of loans upon real e s t a t e , ...........................................262
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1902................................................................................
205,416 77
Times for the dividends fixed by the by-laws : first Saturday in May and
November; payable on the following Monday.
Rate and amount of each semi-annual dividend J 1$ per cent., $76,692 63 )
^
during the year ending Oct. 31, 1902, .
. 1 1$ per cent., 74,093 48 i
Number of accounts opened during the year ending Oct. 31, 1902,
1,265
Number of accounts closed during the year ending Oct. 31, 1902,
1,622
Total number of open accounts Oct. 31, 1902,
. . . .
12,024
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
332
[Pub. Doc.
Lowell Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
...........................................................................................$11,77171
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902.........................................................................................
570,625 40
Number of s a m e , ............................................................................ 10,138
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
979,494 63
Number of s a m e , .............................................................................12,483
Date of examination by commissioner : March 31.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
333
L U D L O W SA V IN G S B A N K — L U D L O W .
Incorporated Feb. 23, 1888.
Present number of corporators, 40.
A. S. P a c k a r d , President.
G eorge A. B ir n ie , Treasurer.
G eorge A. B ir n ie , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
G eorge D. G r e e n ,
W. S. Co l w e l l ,
E. E. F u l l e r ,
M. H. L y o n ,
A. S. P a c k a r d .
Open for business every business day, 10 a . m . to 12 m . ; 1 to 3 p . m ; also Wednesdays
and Fridays, 7.30 to 9 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Insurance account,
Cash on hand, .
. . .
$1,100
1,000
110,151
22,982
00
00
96
11
3,000
40,373
71
87
998
00
12
72
29
45
Deposits, .
Guaranty fund,
Interest account,
$179,764 65
$177,020 08
2,404 34
340 23
$179,764 65
Cash on Deposit in Banks, amount in each : —
Chapin National Bank, S p rin g fie ld ,..................................
Chicopee National Bank, Springfield,
.
.
.
.
Pynchon National Bank, Springfield,..................................
Second National Bank, S p rin g fie ld ,..................................
Springfield National Bank, Springfield,
.
Springfield Safe Deposit and Trust Company, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7,320
8,838
1,341
7,375
8,673
6,823
46
83
29
50
79
25
[Pub. Doc.
REPORT OF THE
334
Ludlow Savings Bank — Concluded.
Detailed Statement o f Bank Stocks.
°.
£
O g
fcS
10
Par Value.
City National Bank, Holyoke,
$1,000
Estimated
Market Value.
$ 1 ,1 0 0 0 0
Amount Invested.
$ 1 ,1 0 0
00
Detailed Statement o f Railroad Bonds.
Par Value.
$1,000
Connecticut River R R . 4s,
Estimated
Market Value.
$1,040 00 .
Amount Invested.
$1,000 00
Total Amount of Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$30,358 04
8,673 79
3 per cent.
34
“
Amount.
$96,545 00
7,329 46
Rate.
5 per cent.
54
“
Amount.
$33,600 90
Rate.
6 per cent.
Number of loans which are of an amount not exceeding $3,000 each, 103
Aggregate amount of the s a m e , .................................................................... $101,451 00
Total number of loans upon real e s t a t e , ...........................................105
Gross amount of interest or profits received or earned, as per books,
6,959 16
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: April 1 and October 1;
payable on same days.
Rate and amount of each semi-annual dividend j 2 per cent.,
$2,640 01 )
5,649 21
during the year ending Oct. 31, 1902,
.
i 2 per cent.,
3,009 20 )
Number of accounts opened during the year ending Oct. 31, 1902,
. 316
Number of accounts closed during the year ending Oct. 31, 1902,
. 190
Total number of open accounts Oct. 31, 1 9 0 2 , .................................. 934
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
836 97
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
74,250 40
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of same,
................................................... 2,006
Amount of withdrawals, including dividends, during the year ending
41,552 54
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , .................................................................................... 662
Date of examination by commissioner: February 13.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
335
SAVINGS BANK COMMISSIONERS.
L Y N N F IV E CENTS SA V IN G S B A N K — L Y N N .
Incorporated May 15, 1855.
Present number of corporators, 64.
R ollin E. H a r m o n , President.
H en r y E. N e w h a l l , Treasurer.
H e n r y E. N e w h a l l , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
R o llin E. H ar m o n ,
H e n r y A. P e v e a r ,
Jam es S. N e w h a l l ,
C har les H . N e w h a l l ,
R ufus K im b a l l .
Open for business every business day, 9 a
.m .
to 1 p . m . ; also Saturdays, 3 to 6 p . m
.
B a l a n c e S h e e t Oct. 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Taxes, etc., paid,
.
Tax tit le s ,..................................
Cash on hand, . . . .
$71,000
682 500
98,347
47.300
215.599
983,000
00
00
10
00
50
00
33,661
31 724
1,156,506
1,574.501
46.478
2,283
3,832
1,325
150
10,329
99
15
02
00
72
03
56
16
27
07
$4,958,538 57
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
Interest on mortgage
held as collateral,.
$4,535,658 27
223,500 00
199,365 30
15 00
$4,958,538 57
Cash on Deposit in Banks, amount in each : —
Merchants National Bank, Boston,
National Bank of the Republic, Boston,
National Shawmut Bank, Boston,
National City Bank, L y n n ,..................................
Central National Bank, Lynn, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,283
23,074
5,490
14,646
3,267
03
02
98
22
50
REPORT OF THE
336
[Pub. Doc.
Lynn Five Cents Savings Bank — Continued.
Loans on Public Funds, amount on each
$15,000 Massachusetts 3Js,.
1,600 Quincy, Mass., 3£s,
1,800 Dighton, Mass., notes, .
27.000 Northampton, Mass., 3¿s,
10.000 Somerville, Mass., 3^s, .
1.000 Clinton, Mass., 3¿s,
7.000 Haverhill, Mass., 3£s, .
53.000 Massachusetts 3¿s,
25.000 Milton, Mass., 3¿s,
11,400 Dedham, Mass., 3Js, notes,
1.000 Brockton, Mass., 4s,
15.000 Middletown, Conn., 3¿s,
80.000 Lawrence, Mass., 3¿s, .
20.000 New Bedford, Mass., 3¿s,
10.000 Providence, R. I., note,
200,000 St. Louis, Mo., 3^s,
10.000 Saginaw, Mich., 4s,
10.000 Boston, Mass., 3¿s,
10.000 Cambridge, Mass., 3¿s,
3.000 Maynard, Mass., 4s,
18.000 Abington, Mass., 3¿s,
1.000 Lawrence, Mass , 4s,
3.000 Holyoke, Mass., 4s,
1.000 Winchester, Mass., 4s,
8.000 Milton, Mass., 3£s,
2.000 United States 4s, .
5.000 Rutland, Vt., 4s, .
18.000 Newton, Mass., 3£s,
2.000 Winchester, Mass., 3¿s
15.000 Franklin, N. H., 3¿s,
1.000 Brockton, Mass., 4s,
32.000 Certified check on National Bank of
temporarily),
1.000 Massachusetts 3¿s,
4.000 Somerville, Mass., 4s,
24.000 Massachusetts 3s, .
1.000 Stamford, Conn., 3¿s,
2.000 Somerville, Mass., 4s,
1.000 Peabody, Mass., 4s,
15.000 Danbury, Conn., 3¿s,
2.000 JafFrey, N. H., 3Js,
18,500 Quincy, Mass., 3¿s,
16.000 Berlin, N. H., 3Js, .
9.000 Providence, R. I., 3s,
3.000 Massachusetts 3£s,
21.000 Newton, Mass., 3¿s,
6.000 Providence, R. I., 3s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000 00
3,000 00
225.000 00
20,000 00
200.000 00
133,000 00
edemption, Boston (held
4.000 00
50,500 00
7.000 00
25,000 00
No. 8.]
337
SAYINGS BANK COMMISSIONERS.
Lynn Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
60 shares
160 shares
5 shares
10 shares
250 shares
Security Safe Deposit and Trust Company, Lynn, .
.
.
National Bank of Redemption, B o s t o n , ...............................
Lynn National Bank, L y n n , ...................................................
Security Safe Deposit and Trust Company, Lynn, .
.
.
National Suffolk Bank, B o s t o n , .......................................
$5,000 00
16,000 00
500 00
800 00
25,000 00
Loans on Railroad Bonds, amount on each: —
$10,000 Boston & Maine R.R . 4 4 s , ...........................................
10.000 Albany & Susquehanna R.R. 7 s , ..................................
15.000 Maine Central and European & North American R.R. 4s,
39.000 Illinois Central R.R . 3 ¿ s , ...........................................
10.000 Illinois Central R.R. 3 s , ...........................................
30.000 Old Colony R.R. 3 4 s , ...................................................
8.000 Boston & Maine R.R. 3 £ s , ...........................................
14.000 Vermont Valley R.R . 5 s , ..........................................
29.000 Fitchburg R.R. 4 s , ...................................................
27.000 Fitchburg R.R. 3 4 s , ...................................................
21.000 Boston & Maine R.R. 4 4 s , ...........................................
28.000 Boston & Maine R.R. 4 s , ...........................................
8.000 Connecticut River R.R. 4 s , ...........................................
14.000 Maine Central R.R. 7 s ,...................................................
11.000 Chicago, Burlington & Quincy R.R. 3¿s,
30.000 Old Colony R.R. 4 s , ...................................................
10.000 Portland & Ogdensburg R.R. 5s.....................................
170,000 Old Colony R.R. 3¿s.........................................................
5.000 Boston & Maine R.R. 4 4 s , ...........................................
15.000 Fitchburg R R. 4 s , ...................................................
5.000 Boston & Maine R .R. 4 s , ...........................................
5.000 Portland & Ogdensburg R R. 3¿s,
. . .
.
20.000 Fitchburg R.R. 3 J s , ...................................................
5.000 Cleveland & Pittsburgh R.R. 3¿s,
. . . .
30.000 New Haven & Derby R.R. 5 s , ..................................
10.000 Chicago, Burlington & Quincy R.R. 34s,
20.000 F’itchburg R.R . 5 s , ...................................................
25.000 Cleveland & Pittsburgh R.R. 4¿s,
.
.
.
.
1.000 New York & New England R.R. 6s, .
2.000 New York, New Haven & Hartford R.R. 3¿s,
20.000 Illinois Central R.R. 3 4 s , ...........................................
9.000 Fitchburg R.R. 4 s , ...................................................
15.000 Chicago, Burlington & Quincy R.R. 34s,
6.000 Upper Coos R.R. 4 4 s , ...................................................
5.000 Lime Rock R .R . 4 s , ...................................................
25.000 Fitchburg R.R. 4 s , ...................................................
5.000 Grafton & Upton R.R. 4s................................................
83.000 Illinois Central R.R. 3 4 s , ...........................................
36.000 Fitchburg R.R . 4 s , ...................................................
72.000 Old Colony R.R. 3 4 s , ...................................................
92.000 Chicago, Burlington & Quincy R.R. 34s,
6.000 Boston & Maine R.R . 4 4 s , ...........................................
4.000 Fitchburg R.R. 3 4 s , ...................................................
11.000 Fitchburg R.R. 4 s , ...................................................
2,000 Boston & Lowell R .R . 4 s , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$35,000 00
}
47,000 00
-
180,000 00
350,000 00
1
¡
¡-
I
42,000 00
11,000 00
25,000 00
i
118,000 00
■ 175,000 00
J
338
REPORT OF THE
[Pub. Doc
Lynn Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Chicago, IH-, 4s, .
of Grand Rapids, Mich., 4s,
of Manchester, N. IL, 4s,
of Newton, Mass , 5s,
of Peoria, 111., 4^s, .
of Rockford, 111, 4ès,
Town of Framingham, Mass., 4s,
*
.
Estimated
Market Value.
$25,000
5,000
1,000
5,000
10,000
21,000
4,000
$27,000
5,112
1,051
5,287
10,500
21,697
4,140
00
50
25
50
00
50
00
$71,000
$74,788 75
Amount Invested.
$25,000
5,000
1,000
5,000
10,000
21,000
4,000
00
00
00
00
00*
00
00
$71,000 00
A legal investment when made.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
37
14
15
209
42
23
2
63
30
50
78
61
266
Tar Value.
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Freemans Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston, .
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Georgetown National Bank,
Georget own, .
.
.
.
Central National Bank, Lynn,.
First National Bank, Lynn,
National City Bank, Lynn,
Estimated
Market Value.
Amount Invested.
$851
1,400
1,500
20,900
4,200
2,300
200
3,150
3,000
$222
1,540
1,650
35,530
6,720
3,496
304
315
5,100
00
00
00
00
00
00
00
00
00
$851
1,400
1,252
21,908
4,200
2,957
200
3,150
3,000
00
00
50
41
00
50
00
00
00
5,000
7,800
6,100
26,600
5,000
11,700
7,198
39,900
00
00
00
00
5,000
9,613
6,850
37,963
00
97
00
72
$83,001
$118,675 00
$98,347 10
Detailed Statement o f Railroad Bonds.
Par Value.
Illinois Central R R 5s,
New York & New England R.R.
6 s , ...........................................
New York & New England R.R.
7s..................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$14,599 50
$14,599 50
$14,599 50
28,000 00
29,260 00
28,000 00
173,000 00
183,812 50
173,000 00
$215,599 50 $227,672 00 $215,599 50
No. 8.]
SAYINGS BANK COMMISSIONERS.
339
Lynn Five Cents Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$28,565
17.913
25 000
501.000
175.000
ltate.
00
72
00
00
00
2 per cent.
2h
“
3|
;;
3f
“
Amount.
$1,002,000
100,000
440,500
150,000
682,800
Kate.
00 4 per cent.
00 44
00 4i
“
00 4»
“
00 H
“
Amount.
$25,000
488,875
742,511
110,721
400
Kate.
00
00
02
00
00
4| per cent.
5
5A
6'
“
6£
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 926
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................981
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................
Times for the dividends fixed by the by-laws: Jaijuary 1 and July 1;
payable on same days.
,
Rate and amount of each semi-annual dividend r I f per cent., $72,543 14 1
during the year ending Oct. 31, 1902,
.
j If per cent., 73,898 38 J
Number of accounts opened during the year ending Oct. 31, 1902,
3,975
Number of accounts closed during the year ending Oct. 31, 1902,
2,983
Total number of open accounts Oct. 31, 1902,
. . .
.
22,969
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................
32,058
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , ............................................................................ 21,494
Date of examination by commissioner: March 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$33,661
34,000
32,100
2,395
99
00
00
84
31,724 15
46,800 00
744,757 02
221,116 89
146,441 52
13,022 05
944,761 60
932,203 67
[Pub. Doc.
REPORT OF THE
340
L Y N N IN S T IT U T IO N FOR S A V IN G S — L Y N N .
Incorporated June 20, 1826. Present number of corporators, 52.
P h il ip A . C h a s e , President,
W a l t e r E . Sy m o n d s , Treasurer.
W a l t e r E . Sy m o n d s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
P h il ip A . C h a s e ,
L uth er S. Johnson ,
J oseph B . B r e e d ,
W il l ia m B asset .
Open for business every business day, 9 A . M . t o 1 p .m . ; also Saturdays, 2.30 to 5 30„p .m .
B
a l a n c e
S
h e e t
O
c t
31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Tax title s ,..................................
Cash on hand, . . .
.
.
$853,150
25.000
137,028
13.500
799,228
100,000
00
00
00
00
00
00
30.000
11,112
1,415,836
1,794,403
00
95
00
00
97.500
98,351
44
20,024
00
37
40
44
$5,395,178 16
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$4,919,003 62
245,000 00
231,174 54
$5,395,178 16
Cash on Deposit in Banks, amount in each : —
First National Bank, L y n n ,.............................................................................$78,351 37
20,000 00
Manufacturers National Bank, L y n n , ...................................................
Loan on Public Funds: —
$19,000 Massachusetts 3 i s , .............................................................................I $25,000 00
10,000 St. Louis, Mo., 3^s,......................................................................... >
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
341
SAYINGS BANK COMMISSIONERS.
L y n n In stitu tio n fo r Savings — Continued.
Loans on Bank Stock, amount on each : —
$9,000 00
2,500 00
90 shares Massachusetts National Bank, Boston,
25 shares Security Safe Deposit and Trust Company, Lynn,
20 shares First National Bank, Lynn,
. . .
.
2,000 00
Loans on Railroad Bonds, amount on each: —
$30,000 Fitchburg R.R. 3Js,
. . .
.
30.000 Cleveland & Pittsburgh R.R. 3£s, .
50.000 Boston & Albany R.R. 3Js, .
.
I
$50,000 00
50,000 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
District of Columbia 6s, .
City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cambridge, Mass., 4s, .
of Cambridge, Mass., 6s, .
of Canton, Ohio, 5 s,.
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4 s,.
of Fitchburg, Mass., 6s, .
of Hartford, Conn., 4s,
of Lynn, Mass., 3£s,.
of Lynn, Mass., 4s, .
of Middletown, Conn., 3£s,
of Milwaukee, Wis., os, .
of Nashua, N. II., 4s,
of New Bedford, Mass., 6s,
of Newton. Mass., 4s,
of Peoria, 111., 4£s, .
.
.'
of Philadelphia, Pa., 3£s,.
of Portland, Me., 6s,
of Salem, Mass., 5s,.
of Somerville, Mass., 5£s,
of Taunton, Mass., 4s,
Town of South Abington, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$200,000 $215,937 50
22,500
22,500 00
65,000
69,887 50
6,000
6,120 00
30,000
32,300 00
10,000
10,320 00
5,000
5,100 00
50,000
54,000 00
10,000
10,050 00
25,000
25,250 00
79,000
83,937 50
25,000
27,187 50
34,500
34,989 37
117,150
121,741 00
15,000
15,450 00
20,000
21,850 00
20,000
21,150 00
5,000
5,900 00
10,000
10,580 00
20,000
21,100 00
25,000
26,375 00
14,000
15,610 00
2,000
2,045 00
10,000
10,725 00
28,000
29,400 00
5,000
5,300 00
Amount Invested.
$200,000
22,500
65,000
6,000
30,000
10,000
5,000
50,000
10,000
25,000
79,000
25,000
34,500
117,150
15,000
20,000
20,000
5,000
10,000
20,000
25,000
14,000
2,000
10,000
28,000
5,000
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
$853,150 $904,805 37 $853,150 00
Legal investments when made.
342
REPORT OF THE
[Pub. Doc.
L y n n In stitu tio n fo r Savings — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
58
36
25
10
25
118
55
100
78
92
59
75
15
200
200
213
Par Value.
Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston, .
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,.
Mt. Vernon Nat’l B’k, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Rockland Bank, Boston,
Nat'l Shawmut Bank, Boston,.
National Union Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
Winthrop Nat’l Bank, Boston,
Central National Bank, Lynn,
First National Bank, Lynn,
National City Bank, Lynn,
$5,800
828
2,500
1,000
2,500
11,800
5,500
10,000
7,800
9,200
5,900
7,500
1,500
20,000
20,000
21,300
$133,128
Estimated
Market Value.
$7,540
216
4,425
1,100
2,550
18,880
8,360
15,600
18,330
15,640
9,263
14,175
2,550
30,000
23,600
31,950
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$5,800
828
2,500
1,000
2,500
11,800
5,500
10,000
11,700
9,200
5,900
7,500
1,500
20,000
20,000
21,300
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$204,179 00 $137,028 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 7s,
Boston & Maine R.R. 4£s,
Boston & Providence R.R. 4s, .
Boston, Concord & Montreal R.R. 6s,
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,.
Chicago & Northwestern R.R 7s, .
Cleveland & Pittsburgh R.R. 4¿s, .
Concord & Montreal R.R. 4s, .
Eastern R.R 6s,
. . .
Erie & Pittsburgh R.R. 3ès,
Fitchburg R R. 5s, .
.
.
.
Hannibal & St. Joseph R.R. 6s,
Kalamazoo, Allegan & Grand Rapids
R.R. 5s.............................................
Maine Central R.R. 7s,
Milwaukee, Lake Shore & Western
R.R.6s, .
.
.
.
.
.
Michigan Central R.R. 5s,
New Haven & Northampton R.R. 6s,
New York & New England R R. 6s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 3¿s,
...................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
25,000
20,000
46,000
25,000
» 35,000
95,000
20,000
13,000
35,000
86,328
25,000
25,000
20,000
Estimated
Market Value.
$27,250
31,250
21,600
54,280
29,750
34,825
100,650
27,000
15,860
37,800
93,234
25,250
25,000
23,200
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$25,000
25,000
20,000
46,000
25,000
34,900
95,000
20,000
13,000
35,000
86,328
25,000
25,000
20,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
25,000
50,000
32,000 00
64,000 00
25,000 00
50,000 00
25,000
25,000
11,000
25,000
75,000
33,000
31,250
12,650
26,000
79,500
25,000
25,000
11,000
25,000
75,000
25,000
25,500 00
00
00
00
00
00
00
00
00
00
00
25,000 00
No. 8.]
343
SAYINGS BANK COMMISSIONERS.
Lynn Institution for Savings — Concluded.
Detailed Statem ent o f R ailroad Bonds — Concluded.
Par Value.
Old Colony R.R. 4£s,
Portsmouth, Great Falls & Conway
R.R. 4£s,
..................................
Troy & Boston R.R. 7s, .
Winona & St. Peters R.R. 7s, .
Estimated
Amount Invested.
Market Value.
$10,000
$10,100 00
$10,000 00
5,000
10,000
18,000
6,050 00
14,900 00
24,480 00
5,000 00
10,000 00
18,000 00
$799,328 $906,379 00 $799,228 00
Total A m ou nt o f L oa n s , with E ach Specified Rale o f Interest.
Rate.
Amount.
$78,351
45.000
22.000
28,000
37
00
00
00
2£ per cent.
H
“
3|
“
3|
«
Rate.
Amount.
$35,000
1,328,500
275,000
230,200
00
00
00
00
3J per cent.
4
“
“
4h
“
Rate.
Amount.
$43,500
986,789
255,825
216,425
00
00
00
00
4| per cent.
5
“
5è
“
6
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 399
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................518
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws: May 1 and November 1;
payable on same days.
Rate and amount of each semi-annual dividend f I f per cent., $79,612 19 1
during the year ending Oct. 31, 1902,
.
1 I f per cent., 80,141 18 J
Number of accounts opened during the year ending Oct. 31,1902,
1,611.
Number of accounts closed during the year ending Oct. 31,1902,
1,256
Total number of open accounts Oct. 31, 1902..................................
13,164
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................14,367
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
Number of s a m e , .............................................................................11,694
Date of examination by commissioner: May 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$30,000
50.000
30.000
208
00
00
00
20
11,112 95
18.000 00
574,168 OO
238,626 09
159,753 37
8,201 94
731,305 00
744,941 05
344
REPORT OF THE
[Pub. Doc.
M A L D E N S A V IN G S B A N K — M A L D E N .
Incorporated April 2, 1860. Present number of corporators, 45.
Jam es P ie r c e , President.
F rancis A. S h ove , Treasurer.
F rancis A. S h o ve , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Jam es P ier ce ,
A br am G. H i l l ,
E verett J. S tevens ,
John P. H old en ,
F r a n k F . S il l im a n ,
W il l ia m G. A. T ü r n er .
Open for business every business day, 8.30 a . m . to 1 p .m . ; also Saturdays, for deposits,
7 to 8.30 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
L ia b il it ie s .
$378,450
36,150
369,300
60,000
13,417
1,836,895
1,388,600
145,021
85,999
796
1,762
00
00
00
00 j
62
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$4,070,574 57
130,500 00
7,135 11
108,183 46
00
73
97
82
$4,316,393 14
$4,316,393 14
Cash on Deposit in Banks, amount in each: —
Boston Safe Deposit and Trust Company, Boston........................................$5,000 00
Winthrop National Bank, Boston,
.
.
.
.
.
.
.
.
22,641 49
Lawrence National Bank, Law rence,............................................................
15,000 00
First National Bank, M a l d e n , ....................................................................
38,358 24
Middlesex County National Bank, Winchester,
.
. •.
.
.
5,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
345
SAVINGS BANK COMMISSIONERS.
Malden Savings Bank — Continued.
Detailed Statem ent o f P u blic Funds.
Par Value.
City of Bangor, Me., 6s, .
of Boston, Mass., 3£s,
of Brockton, Mass., 3¿s, .
of Brockton, Mass., 4s,
of Burlington, Vt., 4s,
of Cambridge, Mass., 3¿s,
of Cambridge, Mass., 4 s ,.
of Canton, Ohio, 3és,
of Dayton, Ohio, 3£s,
of Eastport, Me., 4s,
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4és, .
of Holyoke, Mass., 4s,
of Malden, Mass., 3és,
of Malden, Mass., 4s,
of Newton, Mass., 5s,
of Quincy, Mass., 3£s,
of Quincy, Mass., 4s,
of Saginaw, Mich., 4s,
Town of Boothbay, Me., 4s,
of Bourne, Mass., 4s,
of Burrillville, R. I., 4s,
of Clinton, Mass., 4s,
of Ipswich, Mass., 4s,
of Leicester, Mass , 4s, .
of Needham, Mass., 4s, .
of Newmarket, N. H., 3¿s,
of Old Orchard, Me., 4s,
of Orange, Mass., 4s,
of Sharon, Mass., 4s,
of Waltham, Mass., 4s, .
of Winchester, Mass , 4s,
85,000
21,000
22,750
6,000
1,000
25,000
2,000
4,500
15,000
10,000
6,000
2,000
1,000
39,000
102,000
5,000
22,000
5,000
7,000
1,000
3,200
15,000
3,000
10,000
4,000
1,000
20,000
10,000
1,000
4,000
4,000
1,000
$378,450
*
Estimated
Market Value.
$5,287
21,832
22,829
6,055
1,077
25,312
2,135
4,511
15,100
10,522
6,540
2,190
1,017
39,261
105,265
5,262
22,389
5,186
7,490
1,055
3,204
15,700
3,267
11,050
4,000
1,002
20,000
10,700
1,002
4,299
4,200
1,025
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$5,000
21,000
22,750
6,000
1,000
25,000
2,000
4,500
15,000
10,000
6,000
2,000
1,000
39,000
102,000
5,000
22,000
5,000
7,000
1,000
3,200
15,000
3,000
10,000
4,000
1,000
20,000
10,000
1,000
4,000
4,000
1,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
$389,764 00 $378,450 00
A legal investment when made.
No. o f
Shares.
D etailed Statem ent o f B a n k Stocks.
23 Atlantic Nat’l Bank, Boston, .
20 Atlas National Bank, Boston, .
15 First National Bank, Boston, .
15 Freemans Nat’l Bank, Boston,
30 Merchants Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$2,300
2,000
1,500
1,500
3,000
Estimated
Market Value.
$2,990
2,300
2,655
1,650
5,730
00
00
00
00
00
Amount Invested.
$2,300
2,000
1,500
1,500
3,000
00
00
00
00
00
[Pub. Doc
REPORT OF THE
346
Malden Savings Bank — Continued.
Detailed Statement o f Bank Stocks — Concluded.
©ü
Ô
Estimated
Par Value.
13 N’l B’k of Commerce, Boston,
55 N’l B’k of Redemption, Boston,
73 Nat’l Exchange Bank, Boston,
25 Nat’l Hamilton Bank, Boston,
5 Nat’l Rockland Bank, Boston,.
10 Old Boston Nat’l Bank, Boston,
7 State National Bank, Boston, .
5 Tremont Nat’l Bank, Boston, .
68 First National Bank, Malden, .
Market Value.
$1,950
9,350
11,096
2,500
780
1,111
1,064
25
10,744
$1,300
5,500
7,300
2,500
500
1,000
700
250
6,800
$36,150
00
00
00
00
00
00
00
00
00
$53,945 00
Amount Invested.
$1,300
5,500
7,300
2,500
500
1,000
700
250
6,800
00
00
00
00
00
00
00
00
00
$36,150 00
Detailed Statement o f Railroad Bonds.
1 Par Value.
Beech Creek R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3s, .
Boston & Maine R.R. 3^s,
Boston & Maine R.R. 4s, .
Boyer Valley R R. 3às,
Chic., Burlington & Quincy R.R. 3is,
Concord & Claremont R.R. 4£s,
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 4s,
Dakota Central R.R. 6s, .
Fitchburg R.R. 3is, .
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R R. 3£s, .
Maine Central R.R. 4s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 3às,
..................................
New York, New Haven & Hartford
R R. 4s, .
.
.
.
.
.
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4£s...........................................
St. Johnsbury & Lake Champlain
R.R. 5s.............................................
Western Pennsylvania R.R. 4s,
Worcester, Nashua & Roch. R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
|
Estimated
Market Value.
$29,160 00
$27,000
38,634 00
37,000
12,880 00
14,000
10,100 00
10,000
3,000
3,352 00
10,000 00
10,000
45,000
44,325 00
10,000 - 10,950 00
30,000
32,175 00
2,255 00
2,000
15,365 00
14,000
15,000
15,112 00
1,050 00
1,000
3,000
3,015 00
15,760 00
16,000
11,385 00
11,000
10,000
10,400 00
1,060 00
1,000
Amount Invested.
$27,000
37,000
13,300
10,000
3,000
10,000
45,000
10,000
30,000
2,000
14,000
15,000
1,000
3,000
16,000
11,000
10,000
1,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
40,000
40,800 00
40,000 00
1,000
10,000
1,000 00
10,900 00
1,000 00
10,000 00
15,000
18,000 00
15,000 00
10,000
10,000
25,000
13,000 00
10,800 00
27,000 00
10,000 00
10,000 00
25,000 00
$370,000
$388,478 00 $369,300 00
No. 8.]
347
SAYINGS BANK COMMISSIONERS.
Malden Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$60,000
Estimated
Market Value.
$69,300 00
Amount Invested
$60,000 00
Total Amount o f Loam, with Each Specified Rate o f Interest.
Kate.
Amount.
$38,358
22,641
20,000
15,471
25,000
127,000
24
49
00
00
00
00
2 per cent.
2h
“
3
»
H
“
3.66 “
3|
“
Amount.
$380,000
50.000
329.500
50.000
388.500
Rate.
00
00
00
00
00
4 per cent.
4j
4i
“
4$
“
4è
“
Rate.
Amount.
$25,000
79,500
1,175,343
289,325
440,877
00
00
00
00
00
4f per cent.
4§
“
5
“
5è
“
6
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$13,417
Assessed value of the s a m e ,............................................................................
14,300
Number of loans which are of an amount not exceeding $3,000 each, 772
Aggregate amount of the s a m e , .................................................................... 1,086,745
Total number of loans upon real e s t a t e , ...........................................904
Amount of investments from which no income is received,
.
.
.
3,179
Gross amount of interest or profits received or earned, as per books, during
188,127
year ending Oct. 31, 1 9 0 2 ,............................................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
and October; payable on same days.
Rate and amount of eachsemi-annual dividend f 2 per cent., $72,469 59 1 147,806
during the year ending Oct. 31, 1902, . .
i 2 per cent.,
75,337 16 J
Number of accounts opened during the year ending Oct. 31, 1902,
2,071
Number of accounts closed during the year ending Oct. 31, 1902,
1,115
Total number of open accounts Oct. 31, 1902,
.
.
.
.
12,845
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
9,474
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
875,112
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ................................................................................... 19,048
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
704,017
Number of s a m e , ................................................................................... 12,921
Date of examination by commissioner : May 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
62
00
00
02
97
75
51
85
43
[Pub. Doc.
REPORT OF THE
348
MARBLEHEAD SAVINGS BANK — MARBLEHEAD.
Incorporated March 18, 1871.
Present number of corporators, 57.
N a t h a n P . Sa n bo r n , President.
W il l ia m G il l e y , Treasurer.
J ohn G. B roughton , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
N a t h a n P. San bo r n ,
H e n r y A. P otter ,
W il l ia m L. H ooper ,
W il l ia m R e y n o l d s ,
T hom as W . P a in e .
Open for business every business day, 9 a .m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Real estate expenses and taxes,
Cash on hand, .
. . .
L ia b il it ie s .
$51,381
37,570
7,000
88,321
34,507
159,422
179,865
66
30
00
91
00
91
95
7,006
20,880
3,139
227
63
75
89
31
$555,821 58
22,510 87
10,264 02
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
727 84
$589,324 31
$589,324 31
Cash on Deposit in Bank: —
Marblehead National Bank, M arblehead,................................................... $20,880 75
Loan on Bank Stock: —
73J shares Martha’ s Vineyard National Bank, Edgartown,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
$7,000 00
No. 8.]
SAVINGS BANK COMMISSIONERS.
349
Marblehead Savings Bank— Continued.
D etailed Statem ent o f P ublic Fu nd s.
Par Value.
County of Aroostook, Me., 4£s,
City of Indianapolis, Ind., 4s, .
of Portsmouth, N. H., 4s,
Town of Ipswich, Mass., 4s,
of Marblehead, Mass., 4s,
Estimated
Market Value.
f i o ,000
10,000
10,000
3,000
17,500
f 10,850
10,850
10,200
3,333
18,140
$50,500
$53,373 00
00
00
00
00
00
Amount Invested.
f 10,000
10,000
10,000
3,400
17,981
00
00
00
00
66
$51,381 66
No. of
Shares.
D etailed Statem ent o f B a n k Stocks.
20
31
25
25
20
19
50
24
54
8
54
38
Par Value.
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Merchants Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
State National Bank, Boston, .
Winthrop National B’k, Boston,
Marblehead National Bank,
Marblehead,
N’l Grand Bank, Marblehead,
Estimated
Market Value.
Amount Invested.
_
2,500
2,000
1,900
5,000
2,400
5,400
800
$120
3,410
125
4,775
2,040
2,850
8,500
3,840
8,208
1,360
00
00
00
00
00
00
00
00
00
00
$3,839 50
3,331 25
2,215 20
2,440 00
5,442 25
3,072 00
6,455 20
800 00
5,400
3,800
4,320 00
4,408 00
5,335 75
4,639 15
$32,760
$43,956 00
$37,570 30
$460
3,100
-
D etailed Statem ent o f R ailroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Fitchburg R.R. 5s, .
Eastern R.R. 6s,
. . .
Illinois Central R.R. 8<|s,.
Lake Shore & Michigan Southern
R.R. 7s.............................................
Maine Central R.R. 4£s, .
New York & New England R.R. 6s,
New York & New England R.R. 7s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$10,000
19,000
5,000
8,000
$10,175
19,827
5,400
7,880
00
00
00
00
$10,000
19,C00
5,587
7,038
00
00
67
33
5,000
10,000
1,000
3,000
5,150
10,750
1,040
3,180
00
00
00
00
5,272
10,000
1,062
3,260
53
00
42
33
350
REPORT OF THE
[Pub. Doc.
Marblehead Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds— Concluded.
Par Value.
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4£s,
St. Johnsbury & Lake Champlain
R.R. 5s, ...........................................
Estimated
Market Value.
Amount Invested.
$5,000
5,000
$5,350 00
5,775 00
$5,000 00
6,100 63
15,000
19,500 00
16,000 00
$86,000
$94,027 00
$88,321 91
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$20,880 75
2.000 00
5,006 63
Rate.
2 per cent.
3è
“
4
“
Amount.
$7,000 00
70,466 02
20,000 00
Rate.
Amount.
Rate.
4f per cent.
4Ï
“
$128.966 37
19,750 00
100,106 47
5 per cent.
H
“
6
«
4
Value, by boobs, of real estate, held or owned by foreclosure or otherwise,
$34,507 00
Assessed value of the s a m e ,.............................................................................
40,670 00
Number of loans which are of an amount not exceeding $3,000 each, 140
Aggregate amount of the s a m e , ....................................................................
115,176 49
Total number of loans upon real e s t a t e , ...........................................127
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1902...................................................................
22,364 32
Times for the dividends fixed by the by-laws: May 1 and November 1;
payable on same days.
Rate and amount of each semi-annual dividend j I f per cent., $9,044 19 )
2^q
during the year ending Oct. 31, 1902,
.
( I f per cent.,
9,165 88 J
’
Number of accounts opened during the year ending Oct. 31, 1902, . 201
Number of accounts closed during the year ending Oct. 31,1902,
. 166
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,215
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of t a x e s ) , .....................................................................................
1,293 22
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
72.575 75
Number of s a m e , .............................................................................1,234
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
75,566 89
Number of s a m e , .............................................................................1,254
Date of examination by commissioner : October 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
351
SAYINGS BANK COMMISSIONERS.
M AR LB O R O U G H S A V IN G S B A N K — M AR LBORO UGH .
Incorporated April 3, 1860.
W
il l ia m
Present number of corporators, 112.
D. B urdett , President.
C h ar les F. H o l y o k e , Treasurer.
C h ar les F. H o l y o k e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
W il l ia m D. B urdett ,
W il l ia m E. D admtin ,
B e n jam in F. G r e e l e y ,
W a l t er P. F r y e ,
W . B. M orse .
Open for business every business day except Saturdays, 9 a . m . to 12 m . ; 2 to 4 p .m . ;
Saturdays, 9 a . m . to 12 m .
B alance S heet O ct .
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Tax account,
.
.
.
.
Cash on hand, .
.
.
.
3 1 , 1902.
$400,000
134,459
379,850
152,000
00
00
00
00
55,000
70,747
877 436
103,150
00
62
00
00
20,000
26.328
5,313
2,668
6,485
00
60
56
27
32
$2,233,438 37
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$2,076,336 85
102,735 00
20,668 04
33,698 48
$2,233,438 37
Cash on Deposit in Banks, amount in each : —
First National Bank, Marlborough................................................................. $13,195 30
Peoples National Bank, M a r l b o r o u g h , ...................................................
13,133 30
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
352
REPORT OF THE
[Pub. Doc.
Marlborough Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
County of Middlesex, Mass., 4s,
City of Boston, Mass., 4s,
of Boston, Mass , 6s,
of Brockton, Mass., 4s,
of Cambridge, Mass., 4s, .
of Cambridge, Mass., 6 s,.
of Chelsea, Mass., 4s,
of Chicopee, Mass., 4s,
of Fitchburg, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass , 4s,
of Keene, N H., 4s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 5s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Pawtucket, R. I., 4s, .
of Waterbury, Conn., 4s, .
of Woburn, Mass., 4s,
of Worcester, Mass., 4s, .
Town of Arlington, Mass., 4 s,.
of Athol, Mass., 4s.
of Attleborough, Mass , 4s, .
of Clinton, Mass., 4s,
of Gt. Barrington, Mass., 4 s,.
of Leominster, Mass., 4s,
of Melrose, Mass., 4s., .
of Milton, Mass., 3¿s,
of Peabody, Mass., 4s, .
of Wakefield, Mass , 4s,
of Wellesley, Mass., 4s,
of Weymouth, Mass., 4s,
of Winchester, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$19,000
$19,000 00
25,000
27,050 00
11,000
11,000 00
16,577 00
15,000
5,000
5,575 00
1,000
1,010 00
10,000
10,100 00
16,200 00
15,000
22,100 00
20,000
10,100 00
10,000
21,175 00
20,000
5,000
5,125 00
21,525 00
20,000
8,330 00
7,000
2,000 00
2,000
10,675 00
10,000
23,210 00
22,000
5,400 00
5,000
11,200 00
10,000
19,840 00
18,000
2,100 00
2,000
3,120 00
3,000
5,425 00
5,000
6,050 00
6,000
5,525 00
5,000
18,715 00
17,000
5,525 00
5,000
10,700 00
10,000
9,000 • 9,520 00
5,500 00
5,000
15,000
16,650 00
11,100 00
10,000
5,150 00
5,000
16,575 00
15,000
10,000
10,460 00
5,150 00
5,000
8,660 00
8,000
15,600 00
15,000
$400,000 $428,717 00
A le g a l i n v e s t m e n t w h e n m a d e .
Amount Invested.
$19,000
25,000
11,000
15,000
5,000
1,000
10,000
15,000
20,000
10,000
20,000
5,000
20,000
7,000
2,000
10,000
22,000
5,000
10,000
18,000
2,000
3,000
5,000
6,000
5,000
17,000
5,000
10,000
9,000
5,000
15,000
10,000
5.000
15,000
10,000
5,000
8,000
15,000
00
00
00
00
00
00
00.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$400,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
353
Marlborough Savings Bank — Continued.
Detailed Statement o f Bank Stocks.
*o ®
O2
^ QQ
80
33
12
37
94
45
70
12
25
70
5
- 50
20
15
92
150
50
75
125
24
25
50
60
33
50
52
30
15
97
100
14
8
Estimated
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall Nat’l B’k, Boston,
Fourth National Bank, Boston,
Freemans Nat'l Bank, Boston,
Manufacturers N’l B’k, Boston,
Mechanics Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Shavvmut Bank, Boston,.
National Suffolk Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’ l Bank, Boston,
First National Bank, Clinton, .
First Nat’l Bank, Marlborough,
Peoples N’l B’k, Marlborough,
Newton Nat’l Bank, Newton, .
City Nat’l Bank, Worcester, .
Market Value.
$8,000
759
1,200
3,700
-
4,500
7,000
1,200
2,500
-
500
5,000
2,000
1,500
9,200
15,000
-
7,500
12,500
2,400
2,500
5,000
6,000
-
■
2,600
3,000
1,500
9,700
10,000
1,400
800
$126,959
$9,200 00
198 00
1,320 00
4,625 00
470 00
7,470 00
9,590 00
1,560 00
2,750 00
140 00
600 00
9,550 00
2,040 00
2,250 00
15,640 00
24,000 00
50 00
11,400 00
29,375 00
3,192 00
4,250 00
5,900 00
9,120 00
198 00
1,100 00
260 00
5,100 00
1,875 00
11,155 00
11,500 00
1,260 00
880 00
Amount Invested.
$8,000 00
759 00
1,200 00
3,700 00
4,500 00
7,000 00
1,200 00
2,500 00
- '
500 Off
5,000 Off
2,000 00
1,500 00
9,200 00
15,000 00
7,500 00
20,000 00
2,400 00
2,500 00
5,000 00
6,000 00
-
2,600
3,000
1,500
9,700
10,000
1,400
800
00
00
00
00
00
00
00
$188,018 00 $134,459 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. Sis,
Boston & Prdvidence R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
20,000
15,000
15,000
15,000
5,000
Estimated
Market Value.
$10,500
21,200
15,425
17,025
15,300
5,400
00
00
00
00
00
00
Amount Invested.
$10,000
20,000
15,000
15,000
15,000
5,000
00
00
00
00
00
00
•354
[Pub. Doc.
REPORT OF THE
Marlborough Savings B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Chic., Burlington & Quincy R.R. 3is,
Chic., Burlington & Quincy R.R. 7s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. Sis, .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3is, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4is, .
New York, New Haven & Hartford
R.R. S i s , ..................................
Old Colony R.R. 3is,
Old Colony R.R. 4s............................
Old Colony R.R. 4is,
.
Penobscot Shore Line R.R. 4s,
Providence & Worcester R.R, 4s,
Upper Coos R.R. 4is,
Worcester, Nashua & Roch. R.R. 4s,
Estimated
Market Value.
Amount Invested.
$35,000
10,000
10,000
10,000
20,000
10,000
35,000
30,000
5,000
$34,300
10,100
10,800
10,200
22,000
8,750
34,300
33,000
5,425
00
00
00
00
00
00
00
00
00
$35,000
10,000
10,000
10,000
20,000
8,850
35,000
30,000
5,000
00
00
00
00
00
00
00
00
00
20,000
10,000
45,000
11,000
5,000
20,000
15,000
10,000
20,800
10,250
50,650
11,165
5,325
23,000
16,800
10,400
00
00
00
00
00
00
00
00
20,000
10,000
45,000
11,000
5,000
20,000
15,000
10,000
00
00
00
00
00
00
00
00
$381,000
$402,115 00 $379,850 00
Boston Terminal Company Bonds.
Par Value.
$150,000
Boston Terminal Company 3is,
Estimated
Market Value.
$173,250 00
Amount Invested.
$152,000 00
'Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
$26,328
15,000
5,000
207,100
60
00
00
00
2i per cent.
3è
“
3f
“
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
Amount.
$10,000
93,600
5,000
255,245
00
00
00
00
4| per cent.
H
“
4f
“
5
»
Rate.
Amount.
$20,850 00
10.000 00
378,791 00
5i per cent.
64
“
No. 8.]
SAYINGS BANK COMMISSIONERS.
355
Marlborough Savings Bank — Concluded.
Amount invested in real estate for banking purposes,..................................
$55,000 00
Estimated value of the s a m e , ....................................................................
55,000 00
Assessed value of the same...............................................................
41,065 00
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
70,747 62
Assessed value of the s a m e ,............................................................................
91,035 00
Net income received from same during year ending Oct. 31, 1902,
295 36
Number of loans which are of an amount not exceeding $3,000 each, 499
Aggregate amount of the s a m e , ....................................................................
449,556 00
Total number of loans upon real e s t a t e , .......................................... 547
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
92,701 63
Times for the dividends fixed by the by-laws: third Wednesday in Jan
uary and July; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $33,371 23 j
67,664 18
during the year ending Oct. 31, 1902,
.
1 1| per cent., 34,292 95 j
Number of accounts opened during the year ending Oct. 31, 1902,
1,248
Number of accounts closed during the year ending Oct. 31, 1902,
. 610
Total number of open accounts Oct. 31, 1902,
.
.
.
.
6,515
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.
.
.
.
.
6,670 94
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
328,876 00
Number of s a m e , ............................................................................ 5,673
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
293,859 98
Number of s a m e , .................................. ..........................................3,794
Date of examination by commissioner: February 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
356
M E C H A N IC S ’ S A V IN G S B A N K — H O L Y O K E .
Incorporated March 16, 1872.
Present number of corporators, 24.
L e m u e l Se a r s , President.
C h ar les B. P rescott , Treasurer.
E d w a r d W . C h a p in , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
L e m u e l S ea r s ,
H e n r y E . Ga y l o r d ,
H u b be ll P . T e r r y ,
J oel S. W e b b e r ,
R o s w e l l P . C raets .
Open for business every business day except Saturdays, 9 a .m . to 4 p . m . ; Saturdays,
9 a . m . to 12 m . ; also Thursdays, 7 to 8 p .m .
B alan ce S h e et O c t . 31, 1902.
A ssets.
L ia b il it ie s .
Bank stock, as per schedule,
Loans on bank stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Miscellaneous bonds,*
Furniture and fixtures,
Cash on hand, .
. . .
$91,858
6,190
12,295
1,220,210
286,094
00
00
24
50
50
26,458
3,349
125,919
3,128
6,000
500
2,658
77
00
28
11
00
00
20
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
Suspense account, .
$1,784,661 60
$1,652,192 12
53,230 00
59,532 73
19,168 71
472 15
65 89
$1,784,661 60
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
CO
cc
of
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
CO
City National Bank, Holyoke, .
.
.
Home National Bank, Holyoke, .
.
.
First National Bank, Northampton, .
Pynchon National Bank, Springfield, .
Springfield National Bank, Springfield,
.................................. 15,000
..................................
25,000
..................................
1,430
.................................. 15,000
56
00
00
72
00
No. 8.]
357
SAYINGS BANK COMMISSIONERS.
Mechanics’ Savings Bank, Holyoke — Continued.
Loans on Bank Stock, amount on each : —
5 shares Home National Bank, H o l y o k e , ...........................................
12 shares Agawam National Bank, Springfield,...........................................
23 shares Park National Bank, Holyoke,
5 shares Home National Bank, H olyoke,...................................................
25 shares Springfield Safe Deposit and Trust Company, Springfield,
.
$440
800
2,000
450
2,500
00
00
00
00
00
No. of
Shares.
Detailed Statement o f Bank Stocks.
22
393
195
3
50
20
50
Par Value.
N’l B’k of Redemption, Boston,
City National Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Home Nat’l Bank, Hotyoke, .
First Nat’l Bank, Springfield, .
Third Nat’l Bank, Springfield,
$2,200
39,300
19,500
300
5,000
2,000
5,000
$73,300
Estimated
Market Value.
$3,740
43,230
24,765
450
00
00
00
00
6 ,0 0 0 0 0
2,100 00
11,000 00
$91,285 00
Amount Invested.
$1,950
44,104
28,875
348
5,500
2,580
8,500
50
00
50
00
00
00
00
$91,858 00
Total Amount o f Loans, with Each Specified Rate oj Interest.
Rate.
Amount.
$69,488 56
55,000 00
3 per cent.
H
“
Amount.
$27,889 49
427,860 00
Rate.
Amount.
4 per cent.
4*
“
$1,080,659 00
7,325 00
Rate.
5 per cent.
6
«
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$12,295 24
12,630 00
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
442 32
Number of loans which are of an amount not exceeding $3,000 each, 333
440,414 00
Aggregate amount of the same..........................................................................
Total number of loans upon real e s t a t e , ...........................................376
Gross amount of interest or profits received or earned, as per books,
73,562 63
during year ending Oct. 31,1902....................................................................
Times for the dividends fixed by the by-laws: second Monday in May
and November; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $25,554 83 1 51,916 68
during the year ending Oct. 31, 1902,
.
1 1| per cent., 26,361 85 i
Number of accounts opened during the year ending Oct. 31, 1902, . 635
Number of accounts closed during the year ending Oct. 31, 1902,
. 494
Total number of open accounts Oct. 31, 1902,
.
.
.
.
3,757
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
358
[Pub. Doc.
Mechanics’ Savings Bank, Holyoke — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
..................................................................................... $6,167 58
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902.........................................................................................
332,619 22
Number of s a m e , .............................................................................5,717
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
285,830 86
Number of s a m e , .............................................................................4,402
Date of examination by commissioner : September 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
359
SAVINGS BANK COMMISSIONERS.
M E C H A N IC S’ SA V IN G S B A N K — L O W E L L .
Incorporated March 1, 1861.
Present number of corporators, 48.
C h ar les L. H il d r e t h , President.
C h ar les C. H u tch inson , Treasurer.
C harles C. H utchinson , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C h ar les C. H u tch inson ,
Jacob R ogers ,
C larence H. N elson ,
W a l t er L. P a r k e r ,
H av e n C. P e r h a m .
Open for business every business day, 9 a .m . to 1 p .m . ; also Saturdays, 7 to 9 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Tax account,
. . . .
Interest account,
Cash on hand, . . .
.
$378,000 00
178,010 00
277,500 00
.
77,000
27,175
1,157,245
731,206
72,003
3,068
1,198
735
12,962
00
00
50
67
89
23
60
82
79
$2,916,106 50
Deposits, .
Guaranty fund,
Rent account, .
Premium account, .
Suspense account, .
$2,737,524
140,000
26,647
3,327
8,606
34
00
40
92
84
$2,916,106 50
Cash on Deposit in Banks, amount in each : —
State National Bank, Boston,
. .
Old Lowell National Bank, Lowell,
Union National Bank, Lowell, . .
Wamesit National Bank, Lowell,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
$16,909
5.000
45,094
5.000
72
00
17
00
[Pub. Doc.
REPORT OF THE
360
Mechanics’ Savings Bank, Lowell — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Allegheny, Pa., 3is,
of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Cambridge, Mass., 3£s,
of Concord, N. H., 4s,
of Lowell. Mass., 4s,
of Lynn, Mass., 4s, .
•of Marlborough, Mass., 4s,
of Milwaukee, Wis., os, .
of Newton, Mass., 4s,
of Providence, R. 1., 4s, .
o f Waltham, Mass., 4s, .
of Waterbury, Conn., 4s, .
Town of Arlington, Mass., 4 s,.
of Peabody, Mass., 3£s, .
$40,000
50,000
30,000
75,000
10,000
16,000
10,000
20,000
22,000
10,000
20,000
10,000
25,000
20,000
20,000
$378,000
Estimated
Market Value.
$41,600
52,875
32,250
79,687
11,012
17,520
10,600
22,012
22,715
10,700
22,500
10,600
27,000
21,400
20,450
00
00
00
50
50
00
00
50
00
00
00
00
00
00
00
$402,922 50
Amount Invested.
$40,000
50,000
30,000
75,000
10,000
16,000
10,000
20,000
22,000
10,000
20,000
10,000
25,000
20,000
20,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$378,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks*
106
8
265
100
10
45
281
83
60
31
52
100
105
20
100
55
30
39
Par Value.
Atlas National Bank, Boston, .
First National Bank, Boston, .
Merchants Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B'k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Hamilton Bank, Boston,.
Nat’l Shawmut Bank, Boston,.
National Suffolk Batik, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Collateral Loan Co., Boston, .
Bav State Nat’l B’k, Lawrence,
Union National Bank, Lowell,
$10,600
800
26,500
10,000
1,000
4,500
28,100
8,300
6,000
3,100
5,200
10,000
10,500
2,000
10,000
5,500
2,250
3,900
Estimated
Market Value.
$12,190
1,410
50,615
10,700
1,200
6,750
47,770
13,653
6,000
7,285
6,968
12,100
16,800
3,780
15,200
8,250
3,450
6,630
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$11,660
800
41,000
10,000
1,000
5,040
33,700
9,960
6,000
3,100
5,200
9,600
15,500
2,500
10,000
6,800
2,250
3,900
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$148,250 $230,751 50 $178,010 00
*
This bank also returns as “ of unknown value,” 66 shares Blackstone National Bank, 9
shares National City Bank and 67 shares Suffolk National Bank, all of Boston.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
361
SAYINGS BANK COMYIISSIONERS.
Mechanics’ Savings Bank, Lowell — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 3^s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Maine Central R.R. 4s,
Maine Central R.R. 4¿s, .
New York, New Haven & Hartford
R.R. 3is...........................................
New York, New Haven & Hartford
R.R 4 s ,...........................................
Old Colony R.R. 4s, .
$25,000
50,000
25,000
25,000
25,000
25,000
Estimated
Market Value.
$25,500
54,625
26,625
22,500
26,437
27,437
00
00
00
00
50
50
Amount Invested.
$25,000
50,000
25,000
22,500
25,000
25,000
00
00
00
00
00
00
50,000
52,250 00
50,000 00
25,000
30,000
29,062 50
33,000 00
25,000 00
30,000 00
$280,000 $297,437 50 $277,500 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$62,003
10,000
100,000
195,600
89
00
00
00
Rate.
Amount.
2 per cent.
2è
“
3$
“
4
“
$105,000 00
514,125 00
25,000 00
Rate.
44 per cent.
4i
“
4|
“
Amount.
$50,000 00
880,330 37
18,396 80
Rate.
4| per cent.
5
6
Amount invested in real estate for banking purposes,
.
.
.
.
$77,000 00
Estimated value of the s a m e , ....................................................................
78,000 00
Assessed value of th e.sam e,.............................................................................
61,000 00
Net income received from same during year ending Oct. 31, 1902,
.
.
2,292 97
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
27,175 00
Assessed value of the s a m e ,.............................................................................
29,060 00
Number of loans which are of an amount not exceeding $3,000 each, 469
Aggregate amount of the s a m e , ....................................................................
541,697 47
Total number of loans upon real e s t a t e , ...........................................548
Amount of investments from which no income is received,
.
.
.
8,175 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
122,013 96
Times for the dividends fixed by the by-laws : first Saturday in June and
December; payable on Monday following.
Rate and amount of each semi-annual dividend f 1| per cent., $45,972 38 1 g^
gg
during the year ending Oct. 31, 1902,
.
i If per cent., 45,901 68 1
’
Number of accounts opened during the year ending Oct. 31, 1902, . 559
Number of accounts closed during the year ending Oct. 31, 1902,
. 550
Total number of open accounts Oct: 31, 1902,
.
.
.
.
5,270
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
362
REPORT OF THE
[Pub. Doc.
Mechanics’ Savings Bank, Low ell — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
..................................................................................... $7,429 00
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
323,504 10
Number of s a m e , .............................................................................3,393
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
379,647 86
Number of s a m e , ............................................................................ 4,213
Date of examination by' commissioner : September 23.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
363
SAVINGS BANK COMMISSIONERS.
M E C H A N IC S ’ SA V IN G S B A N K — R E A D IN G .
Incorporated March 20, 1891.
Present number of corporators, 18.
E d w a r d H. P a l m e r , President.
L e w is M. B ancr oft , Treasurer.
E dg ar N . H unt , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
E d w a r d H . Pa l m e r ,
E d w a r d F . Pa r k e r ,
M oses E . N ich o l s .
Open for business every business day, except Saturdays, 8.30 to 11 a . m . ; 2.30 to
4 p . m . ; Saturdays, 8.30 a .m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand...............................
$13,425
1,600
2,900
26,050
3,114
101,391
37,700
10
00
00
00
44
84
00
24,999
2,090
500
1,632
00
54
00
90
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$215,403 82
$208,929 40
2,355 79
4,118 63
$215,403 82
Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, B o s t o n , ................................................... $865 08
First National Bank, R e a d i n g , ....................................................................
1,225 46
Loans on Bank Stock, amount on each: —
10 shares First National Bank, R e a d i n g , ................................................... 1
15 shares American National Bank, B o s t o n , ...........................................1
10 shares First National Bank, R e a d i n g , ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,000 00
900 00
364
REPORT OF THE
[Pub. Doc.
Mechanics’ Savings Bank, Reading — Continued.
Detailed Statement o f Publie Funds.
Par Value.
Town of Reading, Mass., 4s,
.
$12,000
Estimated
Market Value.
Amount Invested.
$13,340 00
$13,425 10
Detailed Statement o f Bank Stocks.
«-< œ
° u
^ OQ
16
Par Value.
First National Bank, Reading,
$1,600
Estimated
Market Value.
Amount Invested.
$1,840 00
$1,600 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R, 3¿s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Maine Central R.R. 4s,
Maine Central R.R. 4¿s, .
Upper Coos R.R. 4s,
. . .
■$5,000
6,000
2,000
10,000
2,000
1,000
1,000
$27,000
Estimated
Market Value.
$4,975
6,350
2,020
8,700
2,085
1,085
1,082
Amount Invested.
00
00
00
00
00
00
50
$26,297 50
$5,000
6,000
2,000
9,050
2,000
1,000
1,000
00
00
00
00
00
00
00
$26,050 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$2,090 54
4,999 00
20,000 00
Rate.
2 per cent.
3¿
m
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$2,200 00
15,000 00
73,685 00
Rate.
4 per cent.
4|
5
“
Amount.
$5,850 00
45,256 84
Rate.
5¿ per cent.
6
No. 8.]
SAYINGS BANK COMMISSIONERS.
365
Mechanics’ Savings Bank, Reading — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$3,114 44
Assessed value of the s a m e ,............................................................................
4,100 00
Number of loans which are of an amount not exceeding $3,000 each, 100
Aggregate amount of the s a m e , ....................................................................
118,540 84
Total number of loans upon real estate....................................................77
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
8,727 32
Times for the dividends fixed by the by-laws: first Saturday in June
and December; payable second Saturday in June and December.
Rate and amount of each semi-annual dividend f 1| per cent., $2,866 21 )
g
gg
during the year ending Oct. 31, 1902,.
.
I 2 percent.,
3,453 75 )
’
Number of accounts opened during the year ending Oct. 31, 1902, . 244
Number of accounts closed during the year ending Oct. 31, 1902, . 123
Total number of open accounts Oct. 31, 1 9 0 2 , .................................. 942
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
500 83
Amount of deposits, not including dividends, received during .the year
83,200 76
ending Oct. 31, 1902........................................................................................
Number of s a m e , ...............................................................................
1,343
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
60,722 99
Number of same, . ■ ...........................................................................782
Date of examination by commissioner: February 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
366
M ED FORD S A V IN G S B A N K — M ED FOR D.
Incorporated Feb. 26, 1869.
Present number of corporators, 77.
D a n ie l A. G leaso n , President.
C h ar les B. B uss , Treasurer.
J. G il m a n W a it e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
D a n ie l A . G le a so n ,
B e n ja m in C. L eo n a r d ,
E d w a r d S. R a n d a l l ,
F r a n k E . Ch a n d l e r ,
E dw ard F . A llen.
Open for business every business day, 8 to 11
7 to 9 p .m .
a .m .
; 3 to 6 p . m . ; also Saturdays,
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
$135,500 00
73,975 00
298,862 00
20,000
8,565
1,013,550
615,150
00
35
50
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$2,117,988 15
72,300 00
46,871 27
4,604 26
20,000 00
52,462 77
3,698 06
$2,241,763 68
$2,241,763 68
Cash on Deposit in Banks, amount in each : —
National Bank of Commerce, Boston,............................................................$26,754 84
National Exchange Bank, B o s t o n , ............................................................19,617 41
Medford National Bank, M e d f o r d , ............................................................
6,090 52
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
367
Medford Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
City of Beverly, Mass., 4s,
of Biddeford, Me., 4s,
of Fall River, Mass., 6s, .
of Lynn, Mass., 5s, .
of Malden, Mass., 4s,
of Medford, Mass., 4s,
of Providence, R. I., 4s, .
Town of Arlington, Mass., 4s, .
of Hartland, Me., 4is, .
of Wellesley, Mass., 4s,.
$30,000
15.000
14,500
3.000
5.000
3.000
20.000
25.000
5.000
4.000
15.000
$139,500
*
Estimated
Market Value.
$31,500
16,200
14.500
3,270
5,150
3,045
21,600
27.500
5,300
4,000
16,050
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$26,000
15.000
14,500
3.000
5.000
3.000
20.000
25.000
5.000
4.000
15.000
00
00
00
00
00
00
00
00
00
00*
00
$148,115 00 $135,500 00
A legal investment when made.
Ho. of
Shares.
Detailed Statement o f Bank Stocks.
75
10
15
50
25
75
15
55
77
40
75
50
75
50
75
12
25
Par Value.
Blackstone N’l Bank, Boston,
Commercial N’l Bank, Boston,
Continental N’l Bank, Boston,
Merchants Nat’l Bank, Boston,
Monument N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston, .
National Suffolk Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
State National Bank. Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Winthrop Nat’l Bank, Boston,
Central Nat’l Bank, Lynn,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,725
1,000
-
5,000
2,500
7,500
1,500
5,500
7,700
4,000
7,500
5,000
7,500
-
1,200
2,500
$60,125
Estimated
Market Value.
$450
1,350
75
9,550
4,775
11,250
2,400
8,360
18,095
5,320
11,775
9,450
11,400
300
1,650
2,040
3,750
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$101,990 00
Amount Invested.
$400 00
1,000 00
_
8,000
2,500
7,825
1,500
5,500
11,550
5,000
9,750
8,250
9,000
00
00
00
00
00
00
00
00
00
00
-
1,200 00
2,500 00
$73,975 00
368
REPORT OF THE
[Pub. Doc.
Medford Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 7s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Kalamazoo, Allegan & Grand Rapids
R.R. 5 s ,...........................................
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Michigan Central R.R. 5s,
Troy & Boston R.R. 7s, .
$25,000
20,000
40,000
27,252
25,000
10,000
30,000
Estimated
Market Value.
$26,625
21,400
40,700
29,432
27,150
10,100
26,400
00
00
00
59
00
00
00
Amount Invested»
$25,000
20,000
40,000
28,342
25,000
10,000
27,000
00
00
00
00
00
00
00
15,000
18,750 00
19,925 00
30,000
30,000
25,000
33,600 00
36,300 00
37,500 00
34,050 00
36,425 00
33,120 00
$277,252 $307,957 59 $298,862 00
Total Amount o f Loa?is, with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
2 per cent.
4
“
44
“
$343,522 39
55,000 00
983,925 00
4¿ per cent.
If
“
5
Amount.
$52,462 77
73,900 00
75,000 00
Amount.
$10,000 00
107,353 11
Rate.
5¿ per cent.
6
Amount invested in real estate for banking purposes,
. . .
.
$20,000 00
Estimated value of the s a m e , ....................................................................
20,450 00
Assessed value of the s a m e ,.............................................................................
20,450 00
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
8,565 35
Assessed value of the s a m e ,...........................................a
11,400 00
Number of loans which are of an amount not exceeding $3,000 each, 442
Aggregate amount of the s a m e , ....................................................................
639,078 11
Total number of loans upon real e s t a t e , ........................................... 502
Amount of investments from which no income is received,
11,781 43
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 9 0 2 ,....................................................................
99,576 84
Times for the dividends fixed by the by-law s: second Saturday in May
and November; payable on same days.
Rate and amount of each semi-annual dividend $ 2 per cent., $37,907 50 1
76,706 57
during the year ending Oct. 31, 1902,
.
I 2 per cent.,
38,799 07 J
Number of accounts opened during the year ending Oct. 31, 1902, . 755
Number of accounts closed during the year ending Oct. 31, 1902,
. 447
Total number of open accounts Oct. 31, 1902,
.
.
.
.
5,830
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
369
Medford Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,........................................................... ........
Number of s a m e , .............................................................................5,979
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of s a m e ,............................................................................ 4,299
Date of examination by commissioner : April 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,243*81
342,075 00
289,317 18
370
REPORT OF THE
[Pub. Doc.
M E D W A Y S A V IN G S B A N K — M E D W A Y .
Incorporated Feb. 20, 1871.
Present number of corporators, 32.
M ilton M . F is h e r , President.
W il l ia m H . U pton , Treasurer.
W il l ia m H. U pton , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
M ilton M . F is h e r ,
S u m n er R o b bin s ,
Sa m u e l G. C l a r k ,
W il l ia m H. C a r t ,
W il l a r d P. Cl a r k ,
W a l t e r L. P a l m e r ,
A . E. B u l l a r d .
Open for business every business day, 9 a . m . to 12 m . ; 2 to 5 p . m .
B a l a n c e S h e e t O c t . 31, 1902,
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
L ia b il it ie s .
$51,000
13,530
1,750
129,885
7,719
173,354
13,236
00
20
00
00
20
50
71
Deposits, .
Guaranty fund,
Interest account,
$396,688 57
19,593 04
8,554 03
1
23,740 03
9,621 22
998 78 |
$424,835 64
$424,835 64
Cash on Deposit in Banks, amount in each : —
Central National Bank, B o s to n ,.................................................................... $9,568 69
National Shawmut Bank, Boston,
............................................................
52 53
Loan on Bank Stock : —
20 shares Central National Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,750 00
I
No. 8.]
SAVINGS BANK COMMISSIONERS.
371
Medway Savings Bank — Continued.
Detailed Statement o f Public Funds.
»
Par Value.
County of Aroostook, Me., 4£s.
City of Belfast, Me., 4s, .
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cleveland, Ohio, 5s, .
of Detroit, Mich., 6s,
of Grand Rapids, Mich., 4^s, .
of Grand Rapids, Mich., 5s,
of Marlborough, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4£s,
of Somerville, Mass., 4s, .
of Springfield, Ohio, 5s, .
of Taunton, Mass., 4s,
of Waltham, Mass., 4s, .
of Youngstown, Ohio, 5s,
Town of Clinton, Mass., 4s,
of Melrose, Mass., 4s, .
¡$5,000
5,000
1,000
2,000
1,000
1,000
3,000
2,000
2,000
2,000
7,000
1,000
6,000
1,000
5,000
5,000
1,000
1,000
$51,000
*
Estimated
Market Value.
$5,450
5,400
1,085
2,020
1,012
1,085
3,315
2,045
2,100
2,220
7,800
1,020
6,635
1,010
5,300
5,000
1,065
1,027
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
50
$54,590 00
Amount Invested.
$5,000
5,000
1,000
2,000
1,000
1,000
3,000
2,000
2,000
2,000
7,000
1,000
6,000
1,000
5,000
5,000
1,000
1,000
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
$51,000 00
A legal investment when made.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
6
30
16
25
15
16
5
20
17
3
Par Value.
Atlas National Bank, Boston, .
Central N’l Bank, Boston,
Colonial Nat’l Bank, Boston, .
Manufacturers N’l B’k, Boston,
Mt. Vernon N’l Bank, Boston,
Nat’l Shawmut Bank, Boston,
State National Bank, Boston, .
Dedham Nat’l Bank, Dedham,
Franklin N’l Bank, Franklin,
Wrentham N’l B’k, Wrentham,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600
3,000
1,600
_
1,500
1,600
500
2,000
1,700
210
$12,710
Estimated
Market Value.
$690
3,750
2,400
50
1,530
3,760
760
2,160
1,989
210
Amount Invested.
00
00
00
00
00
00
00
00
00
00
$600 00
3,000 00
1,950 20
$17,299 00
$13,530 20
_
1,500
2,070
500
2,000
1,700
210
00
00
00
00
00
00
[Pub. Doc.
KEPORT OF THE
372
Medway Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
1
Par Value.
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Boston & Providence R.R. 4s, .
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincy R.R 4s,
Chic., Burlington & Quincy R.R. 7s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4ès, .
Newport & Richford R.R. 5s, .
New York Central & Hudson River
R.R. 7 s ,...........................................
New York & New England R.R. 6s,
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R, 4 è s , ..................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
* A legal
Estimated
Market Value.
Amount Invested.
§2,000
5,000
5,000
3,000
1,000
10,000
6,000
1,000
5,000
8,000
4,000
1,000
16,000
10,000
8,000
2,000
$2,200
5,067
6,225
3,225
1,190
9,900
6,420
1,020
5,387
8,560
4,235
870
15,760
11,000
8,680
2,140
00
50
00
00
00
00
00
00
50
00
00
00
00
00
00
00
$2,000
5,000
5,000
3,000
1,000
10,000
6,000
1,000
5,000
8,000
4,000
885
16,000
10,000
8,000
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
12,000
8,000
3,000
12,000 00
8,360 00
3,360 00
12,000 00
8,000 00
3,000 00
4,000
4,880 00
4,000 00
8,000
3,000
5,000
10,400 00
3,000 00
5,225 00
8,000 00
3,000 00
5,000 00
$130,000
$139,105 00
$129,885 00
investment when made.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$9,621 22
17,000 00
2 per cent.
3*
“
Amount.
$6,740 03
37,762 50
Rate.
4 per cent.
5
Amount.
$3,800 00
146,778 71
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1902,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 172
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................182
Amount of investments from which no income is received,
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
5£ per cent.
6
$7,719 20
11,550 00
170 69
133,554 50
1,455 26
No. 8.]
SAYINGS BANK COMMISSIONERS.
373
Medway Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ........................................................... $19,497 54
Times for the dividends fixed by the by-laws: first Monday in June and
December; payable after those days.
Rate and amount of each semi-annual dividend f 2 per cent.,
$7,171 99 1
g^g
during the year ending Oct. 31, 1902,
.
t 2 per cent.,
7,506 66 J
’
Number of accounts opened during the year ending Oct. 31, 1902, . 282
Number of accounts closed during the year ending Oct. 31, 1902,
. 116
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,681
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
1,475
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
69,135
Number of same, .
.
. < .................................. '.
•
1,596
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
66,071
Number of s a m e , ............................................................................ 1,058
Date of examination by commissioner: January 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
gg
21
20
33
374
REPORT OF THE
[Pub. Doc.
M ELROSE SA V IN G S B A N K — M ELRO SE.
Incorporated April 5, 1872.
Present number of corporators, 30.
D a n ie l R u sse ll , President.
E lb r id g e H. G oss , Treasurer.
J ohn L a r r a b e e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
John W . F a r w e l l ,
M oses S. P a g e ,
C h ar les H. A d a m s . ~
Open for business every business day, 8.30 to 11 a . m . ; 2 to 5 p . m . ; also Saturdays,
7 to 8 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Suspense account,
Cash on hand, . . .
.
L ia b il it ie s .
$174,000
2,800
30,000
71,576
497,692
282,780
00
00
00
48
18
98
22,800
300
8,082
182
1,130
00
00
40
02
54
$1,091,344 60
Deposits, .
Guaranty fund,
Interest account, ' .
$1,013,576 12
27,869 17
49,899 31
$1,091,344 60
Cash on Deposit in Banks, amount in each : —
National Bank of the Republic, B o s t o n , ................................................... $1,108 82
Winthrop National Bank, B o s t o n , ............................................................
17 78
Melrose National Bank, M e l r o s e , ............................................................
6,955 80
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
375
Melrose Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Altoona, Pa., 4s, .
of Belfast, Me., 4s, .
of Brockton, Mass., 5s,
of Columbus, Ohio, 4s, .
of Kansas City, Mo., 4¿s,
of Malden, Mass., 4s,
of Portland, Me., 6s,
Town of Danvers, Mass., 4s, .
of Melrose, Mass., 4s, .
of Reading, Mass., 4s, .
of Winchester, Mass., 4s,
$6,000
10,000
8,000
5,000
10,000
12,000
5,000
6,000
98,000
9,000
5,000
Estimated
Market Value.
$6,600
10,800
8,880
5,000
11,100
12,452
5,600
6,450
103,920
9,880
5,445
00
00
00
00
00
50
00
00
00
00
00
Amount Invested.
$6,000
10,000
8,000
5,000
10,000
12,000
5,000
6,000
98,000
9,000
5,000
00
00
00
00*
00
00
00
00
00
00
00
$174,000 $186,127 50 $174,000 00
*
A legal investment when made.
Detailed Statement o f Bank Stocks.
O
Q
. H
¿1
28
Par Value.
Freemans Nat’l Bank, Boston,
$2,800
Estimated
Market Value.
$3,080 00
Amount Invested.
$2,800 00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Amount Invested.
$10,000
10,000
10,000
$11,000 00
8,500 00
9,900 00
$10,000 00
10,000 00
10,000 00
$30,000
$29,400 00
$30,000 00
Par Value.
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3 ¿s,.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$8,082 40
12,800 00
36,000 00
Rate.
2 per cent.
3*
“
“
4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$15,000 00
173,000 00
20,000 00
Rate.
Amount.
Rate.
4¿ per cent.
44
“
4|
$257,916 12
26,177 84
262,679 20
5 per cent.
54
“
6
»
376
REPORT OF THE
[Pub. Doc.
Melrose Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 405
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................418
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable third Wednesday of January and July.
Rate and amount of each semi-annual dividend j 1^ per cent., $14,210 95 |
during the year ending Oct. 31, 1902,
.
I l j per cent., 14,232 36)
Number of accounts opened during the year ending Oct. 31, 1902, . 686
Number of accounts closed during the year ending Oct. 31, 1902,
. 513
Total number of open accounts Oct. 31, 1902,
.
.
.
.
4,797
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of same................................................................................. 6,214
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of s a m e , .............................................................................4,386
Date of examination by commissioner: January 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$71,576 48
82,800 00
440,442 18
46,764 48
28,443 31
3,390 27
237,624 77
266,897 31
No. 8.]
SAYINGS BANK COMMISSIONERS
ot
i
M ER R IM A C S A V IN G S B A N K — M ER R IM A C.
Incorporated April 19, 1871.
T homas
H.
H oyt,
W
President.
i l l i a m B.
Present number of corporators, 41.
Sarg ent,
F . C. G r a n t , Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Ja m e s F . P e a s e ,
T homas H . H oyt,
H . 0 . D elano.
Open for business every business day except Saturdays, 8.30 a .m . to 12
to 3 p .m . ; Saturdays, 8.30 a .m . to 12 m .
m
. ; 1.30
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal securitv,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Premium account,
Furniture and fixtures,
Cash on hand, .
.
.
.
L ia b il it ie s .
$86,000
5,585
1,600
103,050
760
20,000
26,890
147,633
118,400
00
00
00
00
00
00
17
00
00
2,000
10,000
1,003
3,757
603
490
00
00
15
50
29
56
Deposits, .
Guaranty fund,
Profit and loss account, .
$527,772 67
$500,065 06
26,276 29
1,431 32
$527,772 67
Cash on Deposit in Bank: —
First National Bank, M errim ac,.................................................................... $11,003 15
Loans on Bank Stock, amount on each : —
11 shares First National Bank, M errim ac,................................................
6 shares First National Bank, M errim ac,................................................
5 shares Merrimack National Bank, Haverhill,
.
.
,
.
$725 00
600 00
275 00
Loan on Railroad Stock: —
10 shares Boston & Maine R . R . , ....................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$760 00
[Pub. Doc.
REPORT OF THE
378
Merrimac Savings Bank — Continued.
Detailed Statement o f Public Funds.
•
Estimated
Par Value.
County of Ai’oostook, Me., 4£s,
City of Concord, N. H., 4s,
of Dayton, Ohio, 4 s ,.
of Haverhill, Mass., 4s, .
of Keene, N. H., 4s, .
of Lynn, Mass., 4s, .
of Meriden, Conn., 4s,
of Newton, Mass., 4s,
of Quincy, Mass., 4s,
of Stamford, Conn., 4s, .
of Waterbury, Conn., 4 s ,.
Town of Auburn, Me., 4s,
Market Value.
$15,000
7,000
8,000
20,000
2,000
5,000
5,000
5,000
4,000
5,000
5,000
5,000
$16,462
7,647
8,120
20,100
2,140
5,025
5,150
5,275
4,050
5,337
5,425
5,575
50
50
00
00
00
00
00
00
00
50
00
00
$86,000
$90,307 50
Amount Invested.
$15,000
7,000
8,000
20,000
2,000
5,000
5,000
5,000
4,000
5,000
5,000
5,000
00
00
00
00
00
00
00
00
00
00
00
00
$86,000 00
No. of.II
Shares. I
Detailed Statement o f Bank Stocks.
4
17
51
Estimated
Par Value.
Powow River National Bank,
Amesbury...............................
Blackstone N’I Bank, Boston, .
First Nat’l Bank, Merrimac, .
Market Value.
Amount Invested.
$400
391
5,100
$440 00
102 00
6,426 00
$400 00
85 00
5,100 00
$5,891
$6,968 00
$5,585 00
Detailed Statement o f Bailroad Bonds.
I
Par Value,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3ès,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R 4£s, .
.
.
.
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s..................................
Maine Central R.R. 4s,
Old Colony R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
20,000
5,000
11,000
15,000
5,000
10,000
15,000
5,000
7,000
6,000
j
Estimated
Market Value.
$5,137
22,950
5,000
12,045
15,112
5,562
8,750
15,000
50
00
00
00
50
50
00
00
5,662 50
7,367 50
6,630 00
Amount Invested.
$5,000
20,000
5,000
11,000
15,000
5,000
9,050
15,000
00
00
00
00
00
00
00
00
5,000 00
7,000 00
6,000 00
$104,000 $109,217 50 $103,050 00
No. 8.]
379
SAYINGS BANK COMMISSIONERS.
Merrimac Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3às,
$20,000
Estimated
Market Value.
Amount Invested.
$23,100 00 t $20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest
Rate.
Amount.
$10,000 00
15.000 00
71.000 00
34 per cent.
4*
“
Amount.
$10,000 00
97,115 00
15,000 00
Kate.
4| per cent.
5
54
Amount.
$10,000 00
52,278 00
Rate.
5| per cent.
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$26,890
Assessed value of the s a m e ,............................................................................
30,650
Net income received from same during year ending Oct. 31, 1902, .
.
341
Number of loans which are of an amount not exceeding $3,000 each, 122
Aggregate amount of the s a m e , ...................................................• .
• 105,493
Total number of loans upon real e s t a t e , ...........................................121
Amount of investments from which no income is received,
.
.
.
4,456
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
22,687
Times for the dividends fixed by the by-laws: third Wednesday in April
• and October; payable on fourth Wednesday in April and October.
Rate and amount of each semi-annual dividend j 1| per cent., $8,614 44 ) ^ ^
during the year ending Oct. 31, 1902,
.
1 1| per cent.,
8,404 62 )
Number of accounts opened during the year ending Oct. 31,’ 1902,
. 93
Number of accounts closed during the year ending Oct. 31, 1902,
. 100
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,493
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
..................................................................................... 1,931 26
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
40,500
Number of s a m e , .................................................................................... 599
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
69,256
Number of same.............................. .......................................................... 759
Date of examination by commissioner: September 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
17
00
35
«.
00
82
09
52
68
380
REPORT OF THE
[Pub. Doc.
M ER R IM A C K R IV E R S A V IN G S B A N K — L O W E L L .
Incorporated Feb. 24, 1871.
C harles
E.
A dam s,
Present number of corporators, 27.
President.
N. G.
N. G. L a m s o n , Clerk o f the Corporation.
L am son,
Treasurer.
Names of committee charged with the investment of its funds :
N. G.
Lam son,
Charles
F.
P erley P. Perh am ,
B. F.
H. C. T aft .
V arnum,
Sa r g e n t ,
.Open for business every business day, 9 a . m . to 1 f .m . ; also Saturdays, 7 to 9 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
. . .
L ia b il it ie s .
$58,486
3,350
55,000
18,100
1,131,175
637,865
00
00
00
00
25
28
51,500
200
57,066
3,709
00
00
67
29
$2,016,452 49
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,855,618 87
83,500 00
617 24
76,716 38
$2,016,452 49
Cash on Deposit in Banks, amount in each : —
State National Bank, B o s t o n , .................................................................... $4,868 72
Old Lowell National Bank, L o w e l l , ...........................................................
15,000 00
Lowell Trust Company, L ow ell,....................................................................
10,000 00
Wamesit National Bank, L o w e l l , ...........................................................
27,197 95
Loans on Bank Stock, amount on each: —
17 shares Wamesit National Bank, L o w e l l , ...........................................$1,350 00
25 shares Wamesit National Bank, L o w e l l , ...........................................
2,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
381
Merrimack River Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
25
45
17
15
20
28
31.
40
51
104
10
26
54
31
16
28
102
Estimated
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’ l Bank, Boston, .
Continental Nat’l B’k, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Fourth National Bank, Boston,
Metropolitan N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
Nat’l Hamilton Bank, Boston,
Nat’l Webster Bank, Boston, .
Old Boston Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Wamesit Nat’l Bank, Lowell, .
$2,500
4,500
391
Market Value.
$3,250 00
5,175 00
-
$2,500 00
4,500 00
391 00
-
_
2,000
2,800
3,100
4,000
5,100
10,400
1,000
2,600
5,400
3,100
Amount Invested.
3,320
3,836
4,030
4,280
7,650
17,680
1,000
3,068
5,994
4,712
-
00
00
00
00
00
00
00
00
00
00
2,000
2,800
3,100
4,000
5,100
10,400
995
2,600
5,400
3,100
00
00
00
00
00
00
00
00
00
00
-
-
-
1,400
10,200
-
10,200 00
1,400 00
10,200 00
$58,491
$74,195 00
$58,486 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston, Revere Beach & Lynn R.R.
4 £ s , ...........................................
Fitchburg R.R. 4s..............................
Fitchburg R.R. 4^s, .
Estimated
Market Value.
Amount Invested.
$20,000
$21,000 00
$20,000 00
15,000
10,0d0
10,000
17,400 00
10,075 00
11,025 00
15,000 00
10,000 00
10,000 00
$55,000
$59,500 00
$55,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$32,066
25.000
50.000
101,500
67
00
00
00
Kate.
Amount.
2 per cent.
3
3è
“
4
“
$20,000
149,000
298,400
75,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
00
00
00
00
4| per cent.
44
“
4è
«
4|
“
Amount.
Rate.
$1,044,769 37 5 per cent.
67,136 16 5è
“
“
18,285 00 6
382
REPORT OF THE
[Pub. Doc.
Merrimack River Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 254
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real estate,
........................................... 342
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November; payable on Monday following.
Rate and amount of each semi-annual dividend f 1| per cent., $30,929 67 )
during the year ending Oct. 31, 1902,
.
1 1| per cent., 30,962 72 1
Number of accounts opened during the year ending Oct. 31, 1902,
356
Number of accounts closed during the year ending Oct. 31, 1902,
355
Total number of open accounts Oct. 31, 1902,
.
.
.
.
3,182
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
1,898
Number of s a m e ,.................................. ........
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of same................................................................................. 2,050
Date of examination by commissioner: March 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
$18,100 00
17,850 00
434 90
406,345 00
86,736 82
61,892 39
6,037 48
217,396 40
253,821 68
No. 8.]
SAVINGS BANK COMMISSIONERS.
383
M ID D LEB O R O U G H S A V IN G S B A N K — M ID D LEB O R O U G H .
Incorporated March 15, 1873. Present number of corporators, 35.
Ja m b s H . H a r l o w ,
President.
A n d r e w M . W ood,
A n d r e w M . W ood,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Ja m e s
H.
M atthew "
H arlow ,
E verett
H.
Ch arles
Cu s h in g ,
T.
F.
L in c o l n ,
Co r n is h ,
G eorge B r a y t o n .
Open for business every business day, 9 a . m . to 12 m . ; 2 to 4 p . m . ; also Saturdays,
7 to 8 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses),
..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Deposits in banks, on interest, .
Cash on hand, . . . .
L ia b il it ie s .
$117,750
8.350
212,950
125
20,000
00
00
00
00
00
44,000
29,425
807,271
215,079
00
00
65
16
Deposits, .
Guaranty fund,
Interest account,
$1,499,154 35
60,500 00
11,315 81
75,550 00
35,339 54
5,129 81
$1,570,970 16
$1,570,970 16
Cash on Deposit in Banks, amount in each : —
Mechanics National Bank, B o s t o n , ............................................................$9,539 55
Winthrop National Bank, B o s t o n , ............................................................
6,015 13
Middleborough National Bank, M i d d l e b o r o u g h ,..................................
15,284 86
Pynchon National Bank, Springfield,............................................................
4,500 00
Loan on Railroad Stock: —
1 share Old Colony R . R . , .............................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$125 00
384
[Pub. Doc
REPORT OF THE
Middleborough Savings Bank — Continued.
Detailed Statement o f Public Funds.
♦
Par Value.
City of Cambridge, Mass., 6s, .
of Canton, Ohio, 5 s ,.
of Dayton, Ohio, 5 s ,.
of Dubuque, Iowa, 4s,
of Fort Wayne, Ind., 4£s,
of Kansas City, Mo., 4£s,.
of Lynn, Mass., 4s, .
of Rockford, 111., 4<|s,
of South Bend, Ind., 5s, .
of Terre Haute, Ind., 4s, .
of Youngstown, Ohio, 6s,
Town of Burrillville, R. I., 4s,
of Weymouth, Mass., 4s,
$3,000
24,000
10,000
16,000
5,000
10,000
15,000
10,000
6,000
7,000
750
5,000
6,000
Estimated
Market Value.
$3,105
24,187
11,200
16,800
5,450
11,050
15,712
10,500
6,365
7,350
757
5,075
6,375
00
50
00
00
00
00
50
00
00
00
50
00
00
Amount Invested.
$3,000
24,000
10,000
16,000
5,000
10,000
15,000
10,000
6,000
7,000
750
5,000
6,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$117,750 $123,927 50 $117,750 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
33
11
6
12
27
Par Value.
Nat’l Webster Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Brockton N’l Bank, Brockton,
Middleborough National Bank,
Middleborough, .
Plymouth N’l Bank, Plymouth,
Estimated
Market Value.
Amount Invested.
$3,300
550
600
$3,894 00
55 00
720 00
$3,300 00
550 00
600 00
1,200
2,700
1,320 00
2,970 00
1,200 00
2,700 00
$8,350
$8,959 00
$8,350 00
Detailed Statement o f Eailroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3is,
Dexter & Newport R.R. 4s,
Fitchburg R.R. 3ès, .
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R 5s, .
.
.
.
Illinois Central R.R. 3s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$17,000
20,000
30,000
5,000
10,000
6,000
5,000
50,000
Estimated
Market Value.
$18,105
20,450
29,550
5,250
10,100
6,340
5,350
42,750
00
00
00
00
00
00
00
00
Amount Invested.
$17,000
20,000
30,000
5,000
10,000
6,000
5,000
44,950
00
00
00
00
00
00
00
00
No. 8.]
SAYINGS BANK COMMISSIONERS.
385
Middleborough Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Illinois Central R R. 3£s,.
Michigan Central R.R. 4s,
Old Colony R.R. 4s, .
Portland & Rumford Falls R.R. 4s,
$45,000
10,000
10,000
10,000
Estimated
Market Value.
$44,325
10,800
11,150
10,700
00
00
00
00
Amount Invested.
$45,000
10,000
10,000
10,000
00
00
00
00
$218,000 $214,870 00 $212,950 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$20,000
Estimated
Market Value.
$23,100 00
Amount Invested.
$20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$6,015 13
24,824 41
62,500 00
Kate.
2 per cent.
2i
“
4
“
Amount.
$75,850 00
10,000 00
495,642 57
Rate.
4J per cent.
4|
“
5
Amount.
$65,100 00
393,433 24
Rate.
5J per cent.
6
Amount invested in real estate for banking purposes,..................................
$44,000 00
Estimated value of the s a m e , ....................................................................
44,000 00
Assessed value of the s a m e ,............................................................................
36,000 00
Net income received from same during year ending Oct. 31, 1902,
1,600 26
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
29,425 00
Assessed value of the s a m e ,............................................................................
31,700 00
Number of loans which are of an amount not exceeding $3,000 each, 680
Aggregate amount of the s a m e , ....................................................................
469,719 52
Total number of loans upon real e s t a t e , ...........................................575
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
70,950 19
Times for the dividends fixed by the by-laws : first Monday in April and
October; payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $26,633 79 )
54,545 80
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
27,912 01 )
Number of accounts opened during the year ending Oct. 31, 1902, . 648
Number of accounts closed during the year ending Oct. 31, 1902,
. 389
Total number of open accounts Oct. 31, 1902,
.
.
.
.
4,440
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
386
REPORT OF THE
[Pub. Doc.
Middleborough Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
..................................................................................... $4,056 56
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
293,770 21
Number of s a m e , .............................................................................4,199
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
204,357 68
Number of s a m e , .............................................................................2,973
Date of examination by commissioner : May 23.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
387
M ID D L E S E X IN S T IT U T IO N FOR S A V IN G S — CONCORD.
Incorporated March 4, 1835.
H arvey W
Present number of corporators, 23.
C h ar le s E . B r o w n , Treasurer.
H e r b er t W . H osmer , Clerk o f the Corporation.
heeler,
President.
Names of committee charged with the investment of its funds :
E d w a r d J. B a r t l e t t ,
H arvey W heeler,
F rancis A. H ouston ,
L oring N. F o w l e r .
Open for business every business day except Saturdays, 9 a . m . to 2 p . m . ; Saturdays,
9 a . m . to 12.15 P.M.
B a lan ce Sh e et O ct . 31,1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, . . . .
L ia b il it ie s .
$11,387
48,128
390,187
53,550
50
00
50
00
10,500
14,060
486,717
560,550
00
89
00
00
80,300
28,000
5,954
2,422
1,863
00
00
70
34
62
$1,693,621 55
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
$1,571,938 24
78,000 00
32,433 29
11,025 27
224 75
$1,693,621 55
Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ................................................... $28,000 00
Concord National Bank, C o n c o r d , ...........................................................
5,954 70
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
388
[Pub. Doc.
Middlesex Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Par Value.
Town of Concord, Mass., 4s,
.
$10,000
Estimated
Market Value.
$11,500 00
Amount Invested.
$11,387 50
Detailed Statement o f Bank Stocks.
Vi M
o g
36
50
50
28
50
50
25
100
50
34
56
50
100
Estimated
Market Value.
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Faoeuil Hall N’l B’k, Boston, .
First National Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Webster Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Concord Nat’l Bank, Concord,
$828
5,000
5,000
2,800
500
5,000
2,500
-
5,000
3,400
5,600
2,500
10,000
$48,128
•
$216
6,250
6,850
4,956
250
9,550
4,250
100
5,900
6,426
8,512
250
15,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$68,510 00
$828
5,000
5,000
2,800
500
5,000
2,500
00
00
00
00
00
00
00
-
5,000
3,400
5,600
2,500
10,000
00
00
00
00
00
$48,128 00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Boston & Lowell R R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R R. 4és,
Cleveland & Pittsburgh R.R. 3£s, .
Chic., Burlington & Quincy R.R. 3£s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3ès, .
Illinois Central R.R. 4s, .
Kalamazoo, Allegan & G r a n d
Rapids R.R 5s,
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000
10,000
25,000
20,000
25,000
50,000
10,000
37,000
30,000
20,000
10,000
20,000
$15,918
11,300
31,125
20,400
24,750
53,875
11,300
39,960
32,737
19,700
11,000
75
00
00
00
00
00
00
00
50
00
00
25,400 00
$15,000
10,000
25,000
21,150
25,875
50,000
10,000
37,000
30,687
20,775
11,300
00
00
00
00
00
00
00
00
50
00
00
26,700 00
No. 8.]
389
SAVINGS BANK COMMISSIONERS.
Middlesex Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Old Colony R.R. 4s............................
Portland & Rumford Falls R.R. 4s,.
Sullivan County R.R. 4 s ,.
Troy & Boston R.R. 7s, .
$15,000
20,000
20,000
10,000
10,000
20,000
Estimated
Market Value.
$15,600
21,650
22,300
10,800
10,800
30,000
Amount Invested.
00
00
00
00
00
00
$15,000
20,000
20,000
10,500
10,000
31,200
00
00
00
00
00
00
$367,000 $408,616 25 $390,187 50
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3^s,
$50,000
Estimated
Market Value.
Amount Invested.
$57,750 00
$53,550 00
Total Amount o f Loans with Each Specified Rate o f Interest.
Rate.
Amount.
$28,000
25.000
25.000
13.000
00
00
00
00
2J per cent.
3|
“
“
3|
m
Amount.
$71,300
155.000
191,100
130.000
Rate.
00
00
00
00
4 per cent.
4|
Amount.
$396,792
15,000
35.550
69,825
Rate.
00
00
00
00
Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the s a m e , ....................................................................
Assessed value of the same................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the s a m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1902,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 212
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................259
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: first Tuesday in June and
December ^payable on third Tuesday of June and December.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5 per cent.
54
“
? ::
$10,500 00
10,500 00
8,500 00
14,060 89
17,650 00
427 58
301,717 00
10,500 00
74,505 04
390
REPOET OF THE
[Pub. Doc.
Middlesex Institution for Savings — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $28,640 99
I $57,889 96
during the year ending Oct. 31, 1902,
.
t 2 per cent., 29,248 97
Number of accounts opened during the year ending Oct. 31, 1902,
. 501
Number of accounts closed during the year ending Oct. 31, 1902,
. 368
Total number of open accounts Oct. 31, 1902,
.
.
.
.
4,776
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
6,738 97
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
228,176 12
Number of s a m e , ..................................................................................... 3,251
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902,
.
.
.
.
.
.
.
.
.
.
.
.
208,144 60
Number of same, ..................................................................................... 2,756
Date of examination by commissioner : January 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
391
MILFORD SAVINGS BANK — MILFORD.
Incorporated April 24, 1851. Present number of corporators, 47.
J ohn P. D a n ie l s , President.
Jam es E. W
alker,
Jam es E. W a l k e r , Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
John P. D a n ie l s ,
Jesse A . T a f t ,
C h ar les F. C l a f l in .
Open for,business every business day except Saturdays, 9 a .m . to 12 m . ; 1.30 to 3.30 p . m . ;
Saturdays, 9 a . m . to 12 m .
B
a l a n c e
S
h e e t
O
c t
.
31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Miscellaneous stock and bonds,*
Cash on hand, .
.
.
.
$252,000
126,012
60,080
206,000
45,000
103,812
00
74
00
00
00
50
25,000
14,694
664,882
774,119
00
53
00
74
183,700
83,101
10,148
12,000
1,154
00
31
64
00
17
Deposits, .
Guaranty fund,
Profit and loss account, .
$2,561,705 63
$2,445,935 97
91,211 32
24,558 34
$2,561,705 63
* T a k e n t o s e c u r e in d e b t e d n e s s .
Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ................................................... $1,413 64
National Shawmut Bank, B o s t o n , ............................................................
16,687 67
Milford National Bank, M i l f o r d , ............................................................
75,148 64
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
392
[Pub. Doc.
REPORT OF THE
Milford Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
30 shares Milford National Bank, Milford,
.
. . .
24 shares Milford National Bank, Milford.................................
40 shares Eliot National Bank, B o s t o n , ..................................
10 shares Milford National Bank, Milford,
. . . .
25 shares Milford National Bank, Milford,
. . . .
2 shares Milford National Bank, Milford,
.
. . .
137 shares Massachusetts National Bank, Boston,
343 shares First National Bank, L y n n , ..................................
50 shares Naumkeag National Bank, Salem, . . . .
7 shares Old Boston National Bank, Boston, . . . .
15 shares Freemans National Bank, Boston, . . .
.
3 shares Mechanics National Bank, Boston, .
.
.
.
3 shares New England National Bank, Boston,
2 shares National Bank of the Republic, Boston, .
$
1,200 00
5,500 00
500 00
2,200 00
180 00
13.000 00
30.000 00
7,500 00
Loans on Railroad Bonds, amount on each : —
$42,000 Cleveland & Pittsburgh R.R . 3.]>s,................................................... $40,000 00
5,000 Fitchburg R.R. 5 s , .............................................................................
5,000 00
Detailed Statement o f Public Funds.
Par Value.
City of Beverly, Mass., 4s,
of Boston, Mass., 4s,
of Bridgeport, Conn., 4s, .
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 5s, .
of Dayton, Ohio, 4s,.
of Dubuque, Iowa, 4s,
of Grand Rapids, Mich., 4^s, .
of Lynn, Mass., 4s, .
of New Britain, Conn., 4s,
of Newport, R. I., 4s,
of Newton. Mass., 4s,
of Portland, Me., 6s,
of Providence, R. I., 4s, .
of Providence, R. I., 5s, .
of Saginaw, Mich., 4s,
of Woonsocket, R. I., 4s, .
Town of Framingham, Mass., 4s, .
of Maynard Mass., 4s, .
of Weymouth, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000
25,000
6,000
4,000
6,000
15,000
8,000
6,000
7,000
20,000
10,000
20,000
2,000
11,000
20,000
12,000
15,000
20,000
20,000
10,000
Estimated
Market Value.
$16,200
27,120
6,660
4,000
6,000
15,450
8,480
6,300
7,910
20,100
11,200
21,800
2,240
12,100
21,400
13,200
16,500
20,800
22,000
10,800
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$15,000
25,000
6,000
4,000
6,000
15,000
8,000
6,000
7,000
20,000
10,000
20,000
2,000
11,000
20,000
12,000
15,000
20,000
20,000
10,000
00
00
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
$252,000 $270,260 00 $252,000 00
*
L e g a l in v e s t m e n ts w h e n m a d e .
No. 8.]
31)3
SAVINGS BANK COMMISSIONERS.
Milford. Savings B ank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
50
15
7
150
25
25
48
25
112
25
100
47
4
33
40
100
9
75
263
Estimated
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freemans Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Washington N’l Bank, Boston,
Home National B’k, Brockton,
Hopkinton N’l B’k, Hopkinton,
Home Nat’l Bank, Milford,
Milford Nat’l Bank, Milford, .
Market Value.
$1,300
5,750
90
770
18,750
3,750
125
7,968
2,750
19,040
3,800
23,500
7,990
472
5,016
200
17,500
900
11,250
39,450
$1,000
5,000
345
700
15,000
2,500
-
4,800
2,500
11,200
2,500
10,000
4,700
400
3,300
-
10,000
900
7,500
26,300
$108,645
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,000
5,000
345
700
15,000
3,750
1
5,682
2,500
15,855
3,581
15,000
7,496
400
3,300
1
10,000
900
7,500
28,000
00
00
00
00
00
00
00
99
00
00
25
00
50
00
00
00
00
00
00
00
$170,371 00 $126,012 74
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albanv R.R. 3ès,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Chic , Burlington & Quincy R.R. 3£s,
Cleveland & Pittsburgh R.R. 4ès, .
Fitchburg R R. 4s, .
.
.
.
Fitchburg R.R. 5s, .
.
.
.
Milford & Woonsocket R.R. 5s,
New York, New Haven & Hartford
R.R. 3 h s , ..................................
Old Colony R.R. 4 s,.
Worcester, Nashua & Roch. R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
20,000
10,000
15,000
25,000
10,000
25,000
15,000
4,000
Estimated
Market Value.
$26,000
21,000
11,200
18,750
24,875
12,200
26,150
16,200
4,000
25,000
12,000
20,000
00
00
00
00
00
00
00
00
00
25,500 00
13,080 00
21,200 00
Amount Invested.
$25,000
20,000
10,000
15,000
25,000
10,000
25,000
15,000
4,000
00
00
00
00
00
00
00
00
00*
25,000 00
12,000 00
20,000 00
$206,000 $220,155 00 $206,000 00
*
A le g a l in v e s t m e n t w h e n m a d e .
394
REPORT OF THE
[Pub. Doc.
Milford Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 8^s,
Estimated
Amount Invested.
Market Value.
$100,000 $115,500 00
$103,812 50
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$83:101
50.000
99,500
443,900
Rate.
31
00
00
00
2 per cent.
3f
“
4
“
4
“
Amount.
$120,000
371,434
63,300
541,447
00
74
00
00
Kate.
Amount.
4| per cent.
4é
“
4|
5
“
$2,100
34,525
450
1,125
Rate.
00
00
00
00
5£ per cent.
6
“
6é
7
00
Amount invested in real estate for banking purposes,....................... $25,000
Estimated value of the same.............................................................
25,000
00
Assessed value of the s a m e ,............................................................
24,000
00
Net income received from same during year ending Oct. 31, 1902,
.
.
1,119 99
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,....................................................................................
14,694
53
Assessed value of the s a m e ,...........................................................
19,050
00
Net income received from same during year ending Oct. 31, 1902,
.
.
25 02
Number of loans which are of an amount not exceeding $3,000 each, 353
Aggregate amount of the same..........................................................................
443,598 31
Total number of loans upon real e s t a t e , ...........................................351
Amount of investments from which no income is received,
.
.
.
11,874 93
Gross amount of interest or profits received or earned, asperbooks,
107,987
95
during year ending Oct. 31, 1 9 0 2 , ..........................................
Times for the dividends fixed by the by-laws: second Saturday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend j If per cent., $39,929 00 ) gQ ^ ^
during the year ending Oct. 31, 1902,
.
i I f per cent., 40,412 91 )
’
Number of accounts opened during the year ending Oct. 31, 1902,
1,040
Number of accounts closed during the year ending Oct. 31,1902,
. 737
Total number of open accounts Oct. 31, 1902.................................
7,609
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
..................................................................................... 4,081 16
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
417,248 16
Number of s a m e , ............................................................................ 6,950
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1902..................................................................................... ,
.
453,588 02
Number of s a m e , .............................................................................5,998
Date of examination by commissioner: May 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
395
M IL L B U R Y S A V IN G S B A N K — M IL L B U R Y .
Incorporated April 10, 1854. Present number of corporators, 40.
I ra N. G o d d ar d , President.
A mos A r m s b y , Treasurer.
A mos A r m s b y , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
D a m ie n D u c h a r m e ,
I ra N. G od d ar d ,
G eorge J. D u d l e y ,
H e n r y W . Ca r t e r ,
A ugustus S. W in t e r ,
Jacob R. L in co l n .
Open for business every business day except Saturdays, 9 a . m . to 3 p .m . ; Saturdays,
9 a . m . to 12 m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Suspense account,
Real estate expense account,
Cash on hand, . . .
.
$63,000
75,616
180,000
150
20,000
00
00
00
00
00
10,000
5,640
375.916
371,310
00
86
00
28
34,650
24,500
38
1.024
1.024
180
1,162
00
00
37
55
53
01
15
$1,164,212 75
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Reserve profits,
Insurance account, .
$1,042,050 02
50,300 00
21,864 63
34,542 03
15,000 00
456 07
$1,164,212 75
Cash on Deposit in Bank : —
Millbury National Bank, M illb u r y ,............................................................$24,538 37
Loan on Railroad Stock : —
1 share Boston & Albany R .R .,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$150 00
396
[Pub. Doc.
REPORT OF THE
Millbury Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Bay City, Mich., 5s,
of Kansas City, Mo., 4£s,.
of Milwaukee, Wis., 5s, .
of New Britain, Conn., 4s,
of Saginaw, Mich., 4s,
Town of Westborough, Mass , 5s, .
$5,000
25.000
10.000
10,000
10,000
3,000
$63,000
Estimated
Market Value.
$5,450
27,906
10,800
10,850
10,225
3,255
00
00
00
00
00
00
$68,486 00
Amount Invested.
$5,000
25.000
10.000
10,000
10,000
3,000
00
00
00
00
00
00
$63,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
Estimated
Par Value.
50
42
45
20
50
25
23
57
74
37
3
35
25
53
13
34
15
30
3
114
12à
36
5
14
10
'5 0
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Colonial Nat’l Bank, Boston, .
Continental N’l B’k, Boston, .
First Ward Nat’l B’k, Boston,.
Manufacturers N’l B’k, Boston,
Merchants’ N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
Nat’l Shawmut Bank, Boston,.
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
South End N’l Bank, Boston, .
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,
Winthrop Nat’l Bank, Boston,
Grafton Nat’l Bank, Grafton, .
Leicester N’l Bank, Leicester,.
Millbury N’l Bank, Millbury, .
Oxfoi’d Nat’l Bank, Oxford, .
Central Nat’l Bank, Worcester,
Citizens Nat’l B’k, Worcester,
City Nat’l Bank, Worcester, .
Mechanics’ N’l B’k, Worcester,
Quinsigamond National Bank,
Worcester, .
.
.
.
5 Worcester N’l B’k, Worcester,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Market Value,
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
$5,000 00
966 00
4,500 00
5,000
500
6,500 00
900 00
5,000 00
500 00
$75,616
$106,222 50
$75,616 00
$5,000
966
4,500
-
5,000
_.
2,300
5,700
7,400
3,700
300
3,500
2,500
5,300
_
_
1,500
3,000
300
11,400
1,250
3,600
500
1,400
1,000
$5,750
252
6,750
100
8,000
50
4,393
8,550
12,580
8,695
333
6,615
2,050
8,056
78
748
2,550
3,000
360
11,400
1,312
3,960
700
1,540
1,000
jAmount Invested.
_
5,000 00
_
2,300
5,700
7,400
3,700
300
3,500
2,500
5,300
00
00
00
00
00
00
00
00
-
_
1,500 00
3,000 00
300 00
11,400 00
1,250 00
3,600 00
500 00
1,400 00
1,000 00
•
)
No. 8.]
397
SAVINGS BANK COMMISSIONERS.
Millbury Savings Bank — Continued.
Detailed Statement of Railroad Bonds.
Par Value.
Boston & Albany R.R. 4s,
Boston, Revere Beach & Lynn R.R.
4¿s....................................................
Chic , Burlington & Quincy R.R. 3£s,
Chicago & Northwestern R.R. 7s, .
Fitchburg R.R. 4s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3ès, .
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R R. 7s..................................
Maine Central R.R. 4s,
Minnesota & Iowa R.R. 3ès,
New York, New Haven & Hartford
R.R. 3¿s...........................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Ottumwa, Cedar Falls & St. Paul
R.R. 5 s ,...........................................
Portland & Rumford Falls R.R. 4 s,.
St. Johnsbury & Lake Champlain
R.R. 5s.............................................
Estimated
Market Value.
Amount Invested.
$7,000
$7,420 00
15,000
14,000
5,000
16,000
6,000
6,000
25,000
8,000
17,400
13,930
6.200
17,560
6,990
5,220
24,750
8,840
10,000
5,000
15,000
11,300 00
5,225 00
15,150 00
10,000 00
5,000 00
15,000 00
10,000
10,300 00
10,000 00
15,000
15,000 00
3,000
10,000
17,137 00
%
3,240 00
10,800 00
10,000
13,000 00
10,000 00
00
00
00
00
00
00
00
00
$7,000 00
15,000
14,000
5,000
16,000
6,000
6,000
25,000
8,000
00
00
00
00
00
00
00
00
3,000 00
10,000 00
$180,000 $194,462 00 $180,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$20,000
Estimated
Market Value.
$23,100 00
Amount Invested.
$20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$4,500
20,000
8,000
36,560
Amount.
Rate.
00
00
00
28
2 per cent.
3
«
3.4
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/
$40,000 00
89.700 00
386,015 00
Rate.
41 per cent.
4è
“
5
Amount.
$50,000 00
20,000 00
151,751 00
Rate.
51 per cent.
H
“
6
398
REPORT OF THE
[Pub. Doc.
Millbury Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.
.
.
.
.
$10,000 00
Estimated value of the s a m e , ....................................................................
18,000 00
Assessed value of the same................................................................................
11,800 00
Net income received from same during year ending Oct. 31, 1902,
.
.
530 20
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,..................................................................................... ........
5,640 86
Assessed value of the same................................................................................
12,270 00
Net income received from same during year ending Oct. 31, 1902, .
40 54
Number of loans which are of an amount not exceeding $3,000 each, 245
Aggregate amount of the s a m e , ....................................................................
247,591 00
Total number of loans upon real estate................................................... 261
Amount of investments from which no income is received,
.
.
.
475 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1902...................................................................
53,832 59
Times for the dividends fixed by the by-laws: first Monday in January
and Ju ly; payable on second Monday in January and July.
Rate and amount of each semi-annual dividend f 2 per cent., $19.059 75 i
during the year ending Oct. 31, 1902,
.
I 2 per cent.,
19,676 42 J 38»736 17
Number of accounts opened during the year ending Oct. 31, 1902, . 223
Number of accounts closed during the year ending Oct. 31, 1902,
. 154
.
.
.
.
2,214
Total number of open accounts Oct. 31, 1902,
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,234 64
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
116,910 21
Number of s a m e , ............................................................................ 1,547
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
93,724 99
Number of same..................................................................................1,245
Date of examination by commissioner: April 18.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
400
REPORT OF THE
[Pub. Doc.
Monson Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
10 shares Ware National Bank, W a r e , ..................................
3 shares Monson National Bank, Monson,
.
.
.
.
20 shares Monson National Bank, Monson,
.
. . .
3 shares Monson National Bank, Monson,
. . . .
5 shares Monson National Bank, Monson,
. . . .
$ 1,000 00
300 00
2,000 00
300 00
500 00
Detailed Statement o f Public Funds.
Par Value.
County of Middlesex, Mass., 4s,
City of Brockton, Mass., 4s,
of Burlington, Yt., 4s,
of Chicago, 111., 4s, .
of Everett, Mass., 4s,
of Grand Rapids, Mich., 4¿s,
of Holyoke, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton, Mass., 4s,
Town of Methuen, Mass., 4s, .
of Monson, Mass., 4s,
of Natick, Mass., 4s,
$10,000
10,000
5,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
22,000
10,000
Estimated
Market Value.
$10,700
10,850
5,075
5,012
11,075
10,800
10,700
10,425
11,025
11,150
5,025
23,320
10,900
00
00
00
50
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
10,000
5,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
22,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$127,000 $136,057 50 $127,000 00
Xo. o f
Shares.
Detailed Statement o f Bank Stocks.
10 Blackstone N’l Bank, Boston, .
30 Merchants N’l Bank, Boston, .
25 N’l B’k of Commerce, Boston,
25 N’l B’k of Redemption, Boston,
5 Nat’l Exchange Bank, Boston,
5 Tremont Nat’l Bank, Boston, .
25 City National Bank, Holyoke,
90 Monson Nat’l Bank, Monson, .
15 Palmer National B’k, Palmer,.
11 Agawam N’l B’k, Springfield,
20 City Nat’l Bank, Springfield, .
20 First Nat’l Bank, Springfield,.
3 Ware National Bank, Ware, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$230
3,000
2,500
2,500
500
250
2,500
9,000
1,500
1,100
2,000
2,000
300
$27,380
1
Estimated
Market Value.
$60
5,730
3,750
4,250
760
25
2,750
11,250
1,500
990
2,900
2,100
315
00
00
00
00
00
00
00
00
00
00
00
00
00
$36,380 00
Amount Invested,
$230
3,000
2,500
2,500
500
250
2,500
9,000
1,500
1,100
2,000
2,000
300
00
00
00
00
00
00
00
00
00
00
00
00
00
$27,380 00
No. 8 .]
SAVINGS BANK COMMISSIONERS.
401
M on son Savings B an k — Continued.
Detailed Statement o f Bailroad Bonds.
Par Value.
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 4¿s, .
Concord & Montreal R.R. 4s, .
Connecticut River R R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R R. 6s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3às,.
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 4s, ...........................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s............................
$10,000
10,000
10,000
10,000
10,000
4,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
Estimated
Market Value.
$10,575
10,275
11,175
10,700
9,850
4,100
12,000
10,725
11,275
11,150
5,400
40,875
9,850
10,350
00
00
00
00
00
00
00
00
00
00
00
00
00
00
11,300 00
10,950 00
11,150 00
Amount Invested.
$10,000
10,000
10,000
10,000
10,000
4,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
10,000 00
10,000 00
10,000 00
$159,000 $171,700 00 $159,000 00
Boston Terminal Company Bonds.
'
Par Value.
Boston Terminal Company 8¿s,
$20,000
Estimated
Market Value.
Amount Invested.
$23,100 00
$20,000 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Kate.
Amount.
$67,635 97
11,995 50
3 per cent.
3è
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
Amount.
$35,000 00
870,018 00
Kate.
4 per cent.
5
“
Amount.
$2,000 00
16,484 31
Kate.
5¿ per cent.
6
“
402
REPORT OF THE
[Pub. Doc.
M o n so n Savings B a n k — Concluded.
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 275
Aggregate amount of the same..........................................................................
Total number of loans upon real e s t a t e , ...........................................342
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws : first Monday in April and
October; payable on same days.
Rate and amount of each semi-annual dividend J 2 per cent., $23,560 44 )
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
24,810 96 J
Number of accounts opened during the year ending Oct. 31, 1902, . 404
Number of accounts closed during the year ending Oct. 31, 1902,
. 263
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,775
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ............................................................................ 2,013
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e ,.............................................................................1,477
Date of examination by commissioner: May 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
<
$32,000
32.000
18.000
914
00
00
00
53
21,185 12
15,500 00
390,671 00
1,100 00
61,085 57
48,371 40
3,364 48
238,128 29
178,193 72
No. 8.]
SAVINGS BANK COMMISSIONERS.
403
N A N T U C K E T IN S T IT U T IO N FOR S A V IN G S —N A N T U C K E T .
Incorporated April 2, 1834. Present number of corporators, 35.
D a v id F o lg er , President.
G eorge H . B rock , Treasurer.
G eorge H . B rock , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
D a v id F o lger ,
A lm on T. M o w r t ,
D a v id P a r k e r ,
H e n r y Pa d d o c k ,
L ouis F . B u ch a n a n .
Open for business every business day, from May to November, 9 a . m . to 1 p . m
November to May, 10 a . m . to 1 p . m .
.;
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
. . .
L ia b il it ie s .
$66,000
9,051
2,475
103,500
20,000
00
00
00
00
00
4,500
8,800
380,458
35,701
00
00
94
00
5,000
32,042
916
980
00
50
97
67
$669,426 08
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$627,049 54
30,071 20
12,305 34
$669,426 08
Cash on Deposit in Banks, amount in each: —
Eliot National Bank, B o s t o n , .................................................................... $19,185 92
Pacific National Bank, N a n t u c k e t ,............................................................
12,856 58
Loans on Bank Stock, amount on each: —
22 shares Pacific National Bank, N a n t u c k e t ,...........................................$2,200 00
9 shares Merchants National Bank, New Bedford..................................
275 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
404
[Pub. Doc.
REPORT OF THE
Nantucket Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Bay City, Mich., 4s,
of Beverlv, Mass., 4s,
of Detroit, Mich., 7s,
of East Saginaw, Mich., 4£s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s, .
of Middletown, Conn., 3£s,
of New London, Conn., 7s,
of Rockford, 111, 4ès,
of Saginaw, Mich., 4ès, .
of Sioux City, Iowa, 4 ès,.
Town of Billerica, Mass, 4s, .
Amount Invested.
$3,300
1,051
1,050
7,017
1,065
10,900
8,200
1,072
4,525
5,525
16,200
11,200
$3,000
1,000
1,000
7,000
1,000
10,000
8,000
1,000
4,000
5,000
15,000
10,000
$3,000
1,000
1,000
7,000
1,000
10,000
8,000
1,000
4,000
5,000
15,000
10,000
$66,000
*
Estimated
Market Value.
00
25
00
50
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
$66,000 00
$71,106 25
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
7
10
10
15
10
19
8
10
10
10
10
5
Par Value.
Blackstone Nat’l B’k, Boston,.
Bovlston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston,.
Lincoln Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
Nat’l Exchange Bank, Boston,
Old Boston N’l Bank, Boston, .
South End Nat’i Bank, Boston,
Pacific Nat’l Bank, Nantucket,
National Bank of Fairhaven,
Fairhaven, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$161
1,000
- 1,500
1,000
190
800
1,000
1,000
1,000
1,000
Estimated
Market Value.
$42
1,100
50
2,490
1,370
95
856
1,520
1,110
820
1,300
00
00
00
00
00
00
00
00
00
00
00
Amount Invested
1
$161 00
1,000 00
-
1,500
1,000
190
800
1,000
1,000
1,000
1,000
00
00
00
00
00
00
00
00
400
400 00
400 00
$9,051
$11,153 00
$9,051 00
No. 8.]
405
SAVINGS BANK COMMISSIONERS.
Nantucket Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4£s,
Boston & Maine R R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 3<|s,
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3ès,.
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4£s,
Winona & St Peters R.R. 7s, .
$6,000
3,000
5,000
6,000
22,000
5,000
17,000
8,000
5,000
8,000
1,000
500
10,000
7,000
$103,500
Estimated
Market Value.
$6,110
3,007
5,600
6,255
21,890
4,000
16,750
8,800
6,400
8,360
1,060
535
11,550
9,520
00
50
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$6,000 00
3,000 00
5,000 00
6,000-00
22,000 00
5,000 00
17,000 00
8,000 00
5,000 00
8,000 00
1,000 00
500 00
10,000 00
7,000 00
$109,837 50 $103,500 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$ 2 0 ,0 0 0
Estimated
Market Value.
$23,100 00
Amount Invested.
$ 2 0 ,0 0 0 0 0
Total Amount o f Loans, tvith Each Specified Rate o f Interest.
Amount.
$32,042 50
15,000 00
35,500 00
Rate.
Amount.
Rate.
Amount.
2 per cent.
4
“
4à
“
$162,121 00
20,500 00
10,000 00
5 per cent.
5é
“
5|
“
$180,388 94
125 00
Rate.
6 per cent.
7
Amount invested in real estate for banking purposes,.................................. $4,500 00
Estimated value of the s a m e , ....................................................................
4,500
Assessed value of the s a m e ,.............................................................................
4,500
Net income received from same during year ending Oct. 31, 1902,
.
.
204
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
8,800
9,800
Assessed value of the s a m e ,............................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
03
00
00
REPORT OF THE
406
[Pub. Doc.
Nantucket Institution for Savings — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 212
Aggregate amount of the s a m e , .................................................................... $200,359 94
Total number of loans upon real e s t a t e , ...........................................224
Gross amount of interest or profits received or earned, as per books,
30,471 28
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: second Monday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend | 2 per cent., $11,365 79 ) 23,264 38
during the year ending Oct. 31, 1902,
.
t 2 per cent.,
11,898 59 I
Nunrber of accounts opened during the year ending Oct. 31, 1902,
166
Number of accounts closed during the year ending Oct. 31, 1902,
125
Total number of open accounts Oct. 31, 1902,
. . . .
1,454
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
2,397 13
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
99,152 11
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................1,113
Amount of withdrawals, including dividends, during the year ending
90,510 27
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of same,
.................................................................... 1,096
Date of examination by commissioner: October 6.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
407
N A T IC K F IV E CENTS S A V IN G S B A N K — N A T IC K .
Incorporated April 5, 1859.
J o h n 0 . W il s o n ,
Present number of corporators, 35.
President.
F r e d e r ic k 0 . B a st o n ,
F r e d e r ic k 0 . B a st o n ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W il l ia m N utt,
F r a n c is B i g e l o w ,
F r e d e r ic k 0 . B a st o n ,
F rank H . H ayes,
H enry
C.
M u l l ig a n ,
W a l t e r B . R o b in s o n .
Open for business every business day, 9 a . m . to 3 p . m
.
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
. . .
L ia b il it ie s .
$248,000
63,500
11,690
191,000
00
00
00
00
26,659
12,250
1,515.533
92,931
48
33
00
00
190,700
200
95,587
2,555
4,629
00
00
31
75
84
$2,455,236 71
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$2,241,462 36
112,000 00
26,394 86
75,379 49
$2,455,236 71
Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ................................................... $35,000 00
National Bank of the Republic, B o s t o n , ...................................................
10,000 00
New England National Bank, B o s t o n , ...................................................
20,000 00
Natick National Bank, N a t i c k , ....................................................................
30,587 31
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
408
Natick Five Cents Savings B a n k — Continued.
Loans on Bank Stock, amount on each: —
100 shares South End National Bank, B o s t o n ,...........................................$6,000 00
40 shares Natick National Bank, N a tic k ,..................................................
3,600
12 shares Natick NationalBank, N a tick ,................................................
975
5 shares Natick National Bank, N a tick ,..................................................
460
5 shares Natick National Bank, N a tick ,..................................................
480
2 shares Natick National Bank, N a tick ,...................................................
175
00
00
00
00
00
jDetailed Statement o f Public Funds.
Par Value.
City of Beverly, Mass., 4s,
of Boston, Mass., 4s,
of Boston, Mass , 6s,
of Cambridge, Mass , 6s, .
of Cleveland, Ohio, 4s,
of Dover, N. H., 4s, .
of Fall River, Mass., 5s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton. Mass., 4s,
of Salem, Mass., 4s, .
of Springfield, Ohio, 5s, .
of Worcester, Mass., 4£s, .
Town of Natick, Mass., 4s,
of Orange, Mass., 4s,
of Wellesley, Mass., 4 s,.
$7,560
11,500
10,050
13,622
5,350
10,075
17,547
3,000
30,900
25,693
26,770
9,067
24,696
6,180
32,870
11,430
14,332
$7,000
11,000
10,000
13,000
5,000
10,000
16,000
3,000
30,000
25,000
25,000
9,000
23,000
6.000
30,000
11,000
14,000
$248,000
*
Estimated
Market Value.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
t
Amount Invested.
$7,000
11,000
10,000
13,000
5,000
10,000
16,000
3,000
30,000
25,000
25,000
9,000
23,000
6,000
30,000
11,000
14,000
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
$260,642 00 $248,000 00
A le g a l in v e s t m e n t w h e n m a d e .
No. of
Shares.
Detailed Statement o f Bank Stocks.
26
7
27
5
19
46
10
15
46
14
Par Value.
Atlas National Bank, Boston, .
Boylston National B’k, Boston,
Central National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Merchants Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,.
Monument N’l Bank, Boston, .
N’l B’k of Commerce, Boston, .
N’l B’k of Redemption, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,600
700
2,700
-
1,900
4,600
1,000
1,500
4,600
1,400
Estimated
Market Value.
$2,990
770
3,375
25
3,154
8,786
1,070
2,865
6,900
2,380
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$2,600 00
700 00
2,700 00
-
1,900
4,600
1,000
1,500
4,600
1,400
00
00
00
00
00
00
No. 8.]
409
SAYINGS BANK COMMISSIONERS.
Natick Five Cents Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
Par Value.
30 N’l B’k of the Republic, Boston,
15 Nat’l Exchange Bank, Boston,
10 Second National Bank, Boston,
20 South End Nat’l Bank, Boston,
6 State National Bank, Boston, .
20 Winthrop Nat’l Bank, Boston,
55 Home Nat’l Bank, Brockton, .
32 First National Bank, Chelsea, .
33 Dedham Nat’l Bank, Dedham,
37 Wachusett N’l B’k, Fitchburg,
120 Natick National Bank, Natick,
20 Newton Nat’l Bank, Newton, .
17 Framingham National Bank,
South Framingham,
10 First N’l Bank, West Newton,
$3,000
1,500
1,000
2,000
600
2,000
5,500
3,200
3,300
3,700
12,000
2,000
Estimated
Market Value.
$4,800
2,280
1,890
1,640
912
3,400
9,625
3,200
3,564
4,070
15,600
1,800
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$3,000
1,500
1,000
2,000
600
2,000
5,500
3,200
3,300
3,700
12,000
2,000
00
00
00
00
00
00
00
00
00
00
00
00
1,700
1,000
2,550 00
1,200 00
1,700 00
1,000 00
$63,500
$88,846 00
$63,500 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4£s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R.R. 7s,
Old Colony R.R. 4s, .
Old Colony R.R. 4£s,
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount Invested.
$5,000
10,000
15,000
15,000
$5,310
10,600
15,235
15,000
00
00
00
00
$5,000
10,000
15,000
15,000
00
00
00
00
6,000
10,000
5,000
15,000
11,000
20,000
28,000
17,000
24,000
10,000
6,600
11,000
5,060
15,000
11,450
25,600
31,100
17,205
24,000
10,950
00
00
00
00
00
00
00
00
00
00
6,000
10,000
5,000
15,000
11,000
20,000
28,000
17,000
24,000
10,000
00
00
00
00
00
00
00
00
00
00
$191,000
\
Estimated
Market Value.
$204,110 00
$191,000 00
[Pub. Doc.
REPORT OF THE
410
Natick Five Cents Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate of Interest.
Kate.
Amount.
$95,587 31
20,000 00
62,000 00
2 per cent.
8f
«
Amount.
$20,000 00
102,460 00
35,280 00
Rate.
3| per cent.
4
4i
“
Amount.
$1,372,811 00 5 per cent.
74,535 00 5 i
“
123,968 00 6
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1902,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise...........................................................................................................
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 744
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................793
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws: first Tuesday in May and
November; payable second Tuesday in May and November.
Rate and amount of each semi-annual dividend f 2 per cent., $38,574 16 1
during the year ending Oct. 31,1902,
.
j 2 per cent.,
39,960|15 i
Number of accounts opened during the year ending Oct. 31, 1902,
1,223
Number of accounts closed during the year ending Oct. 31, 1902,
. 649
Total number of open accounts Oct. 31, 1902,
.
.
.
.
8,978
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of t a x e s ) , .....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................10,228
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , .............................................................................6,515
Date of examination by commissioner: January 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
$26,659
25,000
29,600
191
48
00
00
48
12,250 33
12,775 00
988,544 00
105,654 51
78,534 31
4,964 76
502,953 89
409,350 44
I
No. 8.]
SAVINGS BANK COMMISSIONERS.
411
N E W BEDFORD F IV E CENTS SA V IN G S B A N K — N E W
BEDFORD.
Incorporated April 14, 1855.
L oum Sn o w ,
Present number of corporators, 148.
President.
W il l ia m H . P it m a n ,
Ja m e s T a y l o r ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds
N.
L oum Sn o w ,
G il b e r t
W il l ia m B a y l ie s ,
A rthur L . T uc ker ,
N.
T h om as W il c o x ,
O t is
W il l ia m R . W in g ,
Park m an
A ndrew
G.
H all,
P ie r c e ,
M.
Lund,
P i e r c e , Jr.
Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 7 to 9 p . m
.
B a l a n c e S h e e t O c t . 3 1 , 190 2 .
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
. . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$832,500
132,400
100
683,500
100,000
00
00
00
00
00
92,000
172,837
2,282,010
2,606,052
00
87
41
50
752,000
570
267,483
1,269
10,618
00
00
01
86
20
$7,933,341 85
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Surplus fund, .
Discount account,
Suspense account, .
Rent account, .
$7,508,644 61
290,000 00
20,592 03
3,135
104,393
4,581
462
1,531
70
75
55
62
59
$7,933,341 85
[Pub. Doc
REPORT OF THE
412
New Bedford Five Cents Savings B a n k — Continued.
Cash on Deposit in Banks, amount in each : —
Atlas National Bank, B o s t o n , ....................................................................$50,104 18
National Bank of Redemption, B o s t o n , ...................................................
64,001
First National Bank, New B e d f o r d ,............................................................
9,391
Mechanics National Bank, New B e d fo r d ,...................................................
98,614
Merchants National Bank, Newr B e d fo rd ,...................................................
19,700
Pynchon National Bank, Springfield,...........................................................
1,242
Third National Bank, S p r i n g f i e l d ,............................................................
24,428
02
80
86
00
98
17
Loan on Bank Stock: —
$100 00
5 shares First National Bank, New B e d f o r d , ...........................................
Loans on Railroad Bonds, amount on each: —
$50,000 Chicago, Burlington & Quincy R .R . 4 s , ..................................|
3,000 Boston & Maine R.R. 4 ¿ s , ............................................................f
50,000 Old Colony R .R . 4s,
.
...................................................
$50,000 00
50,000 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
City of Allegheny, Pa., 3js,
of Bay City, Mich., 4s,
of Bay City, Mich., 5s,
of Boston, Mass., 3^s,
of Chelsea, Mass., 4s,
of Danbury, Conn., 4s,
of Dayton, Ohio, 4 s ,.
of Dayton, Ohio, 5 s,.
of Detroit, Mich., 4s,
of Detroit, Mich., 7s,
of East Saginaw, Mich., 5s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 5s,
of Lynn, Mass., 4s, .
of Manchester, N. H., 4s,
of Meriden, Conn., 4s,
of New Bedford, Mass., 4s,
of New Haven, Conn., 3Js,
of Newton, Mass., 4s,
of Saginaw, Mich., 5£s, .
Middleborough, Mass. (Fire Dis
trict), 4 s , ...................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
18,000
13,000
5,000
50,000
20,000
30,000
10,000
50,000
50,000
6,000
25,000
10,000
17,000
73,000
50,000
25,000
50,000
20,000
119,000
30,000
50,000
10,000
Estimated
Market Value.
$54,875
18,000
13,680
5,925
51,750
20,300
32,700
10,100
53,465
55,250
6,420
25,812
11,025
18,657
75,555
54,000
27,312
52,312
20,900
133,030
30,000
53,500
11,900
53,825 63
51,500
$832,500
00
00
00
00
00
00
00
00
00
00
00
50
00
50
00
00
50
50
00
00
00
00
00
Amount Invested.
$50,000
18,000
13,000
5,000
50,000
20,000
30,000
10,000
50,000
50,000
6,000
25,000
10,000
17,000
73,000
50,000
25,000
50,000
20,000
119,000
30,000
50,000
10,000
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
51,500 00
$890,295 63 $832,500 00
A le g a l In v e s tm e n t w h e n m a d e .
No. 8.]
413
SAVINGS BANK COMMISSIONERS.
New Bedford Five Cents Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
100
40
15
12
15
100
325
523
100
Par Value.
First National Bank, Boston, .
Merchants Nat’l Bank, Boston,
Nat’l Shawmut Bank, Boston,
State National Bank, Boston, .
Tremont Natl Bank, Boston, .
Winthrop Natl Bank, Boston,
Franklin Natl Bank, Franklin,
First N1 Bank, New Bedford,
Merchants National Bank, New
Bedford,
.
.
.
.
Third Natl Bank, Springfield,
$10,000
10,000
4,000
1,500
600
1,500
10,000
32,500
52,300
10,000
$132,400
Estimated
Market Value.
$17,700
19,100
9,400
2,280
60
2,550
11,700
41,925
Amount Invested.
$10,000 00
00
10,000 00
00
00 • 4,000 00
1,500 00
00
600 00
00
1,500 00
00
10,000 00
00
32,500 00
00
103,554 00
22,000 00
52,300 00
10,000 00
$230,269 00 $132,400 00
Detailed Statement o f Railroad Bonds.
-- Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3és,
Boston & Maine R.R. 4s, .
Chic., Birrlington & Quincy R.R. 3£s,
C hic, Burlington & Quincy R.R. 4s,
Chic, Burlington & Quincy R.R. 7s,
Eastern R R. 6s,
Fitchburg R R. 3£s, .
.
.
.
Fitchburg R R. 4s, .
Illinois Central R.R. 3£s,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s..................................
New York & New England R.R. 6s,
New York & New England R R. 7s,
New York, New Haven & Hartford
R.R. 3 < | s , ..................................
Old Colony R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$89,000
35,000
50,000
50,000
25,000
84,000
52,500
25,000
50,000
50,000
Estimated
Market Value.
$91,002
35,437
56,250
49,750
25,750
85,260
56,831
25,312
51,125
49,500
50
50
00
00
00
00
25
50
00
00
Amount Invested.
$89,000
35,000
50,000
50,000
25,000
84,000
52,500
25,000
50,000
50,000
00
00
00
00
00
00
00
00
00
00
25,000
8,000
15,000
28,250 00
8,360 00
15,937 50
25,000 00
8,000 00
15,000 00
25,000
100,000
25,500 00
109,375 00
25,000 00
100,000 00
$683,500
$713,641 25
$683,500 00
414
REPORT OF THE
[Pub. Doc.
New Bedford Five Cents Savings Bank — Concluded.
I
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$256,848
9,391
1,242
20,000
25,000
150,000
30,000
Rate.
23
80
98
00
00
00
00
2 per cent.
2i
“
3
U
“
3i
3|
“
Amount.
$50,000
300,000
50.000
77.000
920,000
587,000
4,000
Rate.
00
00
00
00
00
00
00
34# per cent.
3*
“
3f
«
s'U
“
4
4£
“
4|
Amount.
$875,220
433,475
866,681
4,360
1,173,084
174,912
Rate.
00
00
00
00
41
50
4k per cent.
4|
5
“
H
6
“
Amount invested in real estate for banking purposes,.................................. $92,000 00
Estimated value of the s a m e , ....................................................................
115,000 00
Assessed value of the same, .............................................................................
93,400 00
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,....................................................................................
172,837
87
Assessed value of the s a m e ,...........................................................
151,400
00
Net income received from same during year ending Oct. 31, 1902, .
.
5,551 44
Number of loans which are of an amount not exceeding$3,000 each, 898
Aggregate amount of the s a m e , ...................................................... 1,017,561
09
Total number of loans upon real e s t a t e , .................................. 1,028
Amount of investments from which no income is received, .
.
.
.
7,841 73
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
337,209 94
Times for the dividends fixed by the by-laws: second Wednesday in
April and October; payable on same days.
Rate and amount of each semi-annual dividend j 2 per cent., $139,153 13 ) 2Q2 566 40
during the year ending Oct. 31, 1902,
.
j 1| per cent., 123,413 27 )
’
Number of accounts opened during the year ending Oct. 31, 1902,
3,562
Number of accounts closed during the year ending Oct. 31, 1902,
2,413
Total number of open accounts Oct. 31, 1902,
.
.
.
.
25,323
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
18,329 11
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,..................................................................................... 1.463,289 97
Number of s a m e , ............................................................................
29,933
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ............................................................................................. 1,392,164 80
Number of same, . .......................................................................16,266
Date of examination by commissioner : September 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
415
SAVINGS BANK COMMISSIONERS.
N E W BEDFORD IN S T IT U T IO N FOR S A V IN G S — N E W
BEDFORD.
Incorporated. June 16, 1825.
W il l ia m W . C r a p o ,
Present number of corporators, 115,
President.
W il l ia m G . W ood,
C h a r l e s H. P e i r c e , Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W il l ia m W . Cr a p o ,
Cl ar e n c e A . C ook,
G i d e o n A l l e n , J r .,
A n d r e w G . P ie r c e ,
T h o m a s B . T r ip p ,
F r e d e r ic k G r in n e l l ,
O l i v e r P r e s c o t t , Jr .
Open for business every business day, 9
a .m
.
to 1 p . m . ; also Saturdays, 7 to 9 p . m .
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, . $2,461,700 00
100,000 00
Loan on public funds,
853,110 00
Bank stock, as per schedule,
56,260 00
Loans on bank stock,
2,193,080 10
Railroad bonds, as per schedule,
100,000 00
Loan on railroad bonds,
60,000 00
Loan on railroad stock,
Real estate (for banking pur
170,000 00
poses), ..................................
17,723 95
Other real estate,
3,455,198 46
Loans on real estate, .
Loans on personal security, . .
5,191,107 00
Loans to counties, cities or towns
619,000 00
( n o t e s ) ,..................................
261,031 09
Deposits in banks, on interest, .
911 73
Expense account,
50,708 49
Cash on hand, . . .
.
$14,714,782 09
Deposits, .
740,000 00
Guaranty fund,
30,252 91
Interest account,
Profit and loss ac
104,795 82
count, .
$15,589,830 82
$15,589,830 82
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
National Shawmut Bank, Boston,
First National Bank, New Bedford, .
Mechanics National Bank, New Bedford, .
Merchants National Bank, New Bedford, .
Pynchon National Bank, Springfield, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$59,499
55,393
79,264
29,656
29,943
7,272
98
40
67
78
32
94
416
REPORT OF THE
[Pub. Doc.
New Bedford Institution for Savings — Continued.
Loan on Public Funds: —
$40,000 Somerville, Mass., 3^s, .
25.000 Enfield, Conn., 3£s,
.
20.000 Norfolk County, Mass., note,
3.000 Leicester, Mass., 4s,
. . .
8.000 Berlin, N. H , 3 £ s,..................................
4.000 Jaffrey, N. H., 3£s,
.
.
.
.
$ 100,000 00
Loans on Bank Stock, amount on each : —
25 shares Falmouth National Bank, Falmouth,
47 shares Manufacturers National Bank, Lynn,
500 shares Eliot National Bank, Boston,
8 shares Plymouth National Bank, Plymouth,
$2,000
3,760
50,000
500
00
00
00
00
Loan on Railroad Bonds : —
$117,000 Old Colony R.R. 3Js,
.
.
.
.
$ 100,000 00
Loan on Railroad Stock: —
518 shares Boston & Maine R.R.,
$60,000 00
Detailed Statement o f Public Funds.
Par Value.
United States 4s,
District of Columbia 6s,
Massachusetts 3s,
Massachusetts 3ès, .
City of Bay City, Mich., 4s,
of Boston, Mass , 5s,
of Boston, Mass , 6s,
of Cambridge, Mass., 6s, .
of Canton, Ohio, 3ès,
of Chelsea, Mass., 4s,
of Danbury, Conn., 4s,
of Dayton, Ohio, 5 s ,.
of Detroit, Mich., 4s,
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 5s,
of Lynn. Mass , 4s, .
of Milwaukee, Wis., 5s, .
of New Bedford, Mass., 4s,
of New Bedford, Mass , 5s,
of New Bedford, Mass., 6s,
of Peoria, 111., 4is, .
of Providence, R,. I., 4s, .
of Providence, R. I., 5s, .
of Salem, Mass., 4 s,.
of Springfield, Ohio, 4<Js,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
Estimated
Market Value,
Amount Invested.
$107.700 $147,010 00 $107,700 00
2o ,000
20,000 00
20,000 00
200,000
200,000 00
200,000 00
315,000
315,000 00
339,018 75
27,000
27,000 00
27,000 00
250,000
264,000 00
250,000 00
1,000
1,005 00
1,000 00
1,000
1,041 25
1,000 00
11,000
11,165 00
11,000 00
52,500 00
50,000
50,000 00
50,000
53,250 00
50,000 00*
84,000
85,680 00
84,000 00
300,000
300,000 00
329,250 00
80,000
80,600 00
80,000 00
130,000
138,612 50
130,000 00
143,000
146,753 75
143,000 00
72,000
77,760 00
72,000 00
50,000
52,750 00
50,000 00
5,000
5,068 75
5,000 00
100,000
111,250 00
100,000 00
50,000
52,625 00
50,000 00*
50,000
56,125 00
50,000 00
61,000
64,660 00
61,000 00
70,000
71,400 00
70,000 00
60,000
65,700 00
60,000 00
L e g a l in v e s t m e n ts w h e n m a d e .
No. 8.]
417
SAVINGS BANK COM M ISSIONED
New Bedford Institution for Savings — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.
$25,000
50.000
34.000
65.000
City of Waltham, Mass., 4s, .
of Woonsocket, R. I., 4s, .
Town of Attleborough, Mass., 7s, .
of Fairhaven, Mass., 4s,
Estimated
Market Value.
$26,250
53,500
35,870
68,250
00
00
00
00
Amount Invested.
$25,000
50.000
34.000
65.000
00
00*
00
00
$2,461,700 $2,638,095 00 $2,461,700 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
360
90
230
230
100
460
340
490
30
20
612
104
130
40
530
134
175
130
18
200
22
200
250
1356
1000
1096
200
Par Value.
Atlas National Bank, Boston, .
Eliot National Bank, Boston, .
First National Bank, Boston, .
Merchants N’l Bank, Boston, .
Monument N’l Bank, Boston, .
N ’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
N’l Exchange Bank, Boston, .
Nat’l Shawmut Bank, Boston,.
National Suffolk Bank, Boston,
National Union Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Winthrop Nat’l Bank, Boston,
First National Bank, Chelsea,.
National Bank of Fairhaven,
Fairhaven, .
.
.
.
Fall River N’l B’k, Fall River,
Metacomet N’l B’k, Fall River,
First N’l Bank, New Bedford,
Mechanics National Bank, New
Bedford,
.
.
.
.
Merchants National Bank, New
Bedford..................................
Third Nat’l Bank, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$36,000
9,000
23,000
23,000
10,000
46,000
34,000
49,000
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$36,000 00
9,000 00
23,000 00
23,000 00
10,000 00
46,000 00
34,000 00
49,000 00
_
2,000 00
91,800 00
10,400 00
13,000 00
4,000 00
53,000 00
13,400 00
1,750 00
1,800
20,000
$41,400
14,940
40,710
43,930
19,100
69,000
57,800
78,400
30
3,040
143,820
13,832
22,100
6,280
100,170
20,368
875
650
3,060
20,000
1,760
20,000
25,000
135,600
1,540
23,200
30,500
174,924
00
00
00
00
1,760
20,000
25,000
135,600
100,000
147,000 00
100,000 00
109,600
20,000
217,008 00
44,000 00
109,600 00
20,000 00
-
2,000
61,200
10,400
13,000
4,000
53,000
13,400
8,750
-
-
1,800 00
20,000 00
00
00
00
00
$829,510 $1,337,677 00 $853,110 00
REPORT OF THE
418
[Pub. Doc
New Bedford Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Alban)’ & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4is,
Boston & Maine R.R. 3is,
Boston & Maine R.R. 4s, .
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R.R. 3is,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
Chic., Burlington & Quincy R.R. 7s,
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 3ès,
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. Sis,
Fitchburg R.R. 3¿s, .
.
.
.
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. S is ,.
Illinois Central R.R. 5s, .
New York Central & Hudson River
R.R. 4 s ,...........................................
New York Central & Hudson River
R R 5 s ,...........................................
New York Central & Hudson River
R R. 7 s ,...........................................
Old Colony R.R. 4s, .
Estimated
Market Value.
Amount Invested.
$150,000 $160,500 00 $150,000 00
39,000
42,900 00
39,000 00
13,000
20,000
100,000
200,000
46,000
100,000
100,000
9,000
153,000
30,000
100,000
50,000
50,000
100,000
100,000
100,000
100,000
93,436
14,300
20,050
101,500
226,000
54,740
98,000
107,000
10,035
155,677
32,325
101,375
54,000
50,500
101,500
100,000
87,000
98,500
93,436
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
13,000
20,000
100,000
200,000
46,000
100,000
100,000
9,000
153,000
30,000
100,000
50,000
50,000
100,000
100,000
85,000
100,000
93,080
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
10
20,000
20,200 00
20,000 00
10,000
10,225 00
10,000 00
325,000
200,000
325,000 00
219,000 00
325,000 00
200,000 00
$2,208,436 $2,283,763 00 $2,193,080 10
Total Amount o f Loans with Each Specified Rate o f Interest.
Amount.
$203,758
7,272
15.000
295,000
50.000
60.000
Rate.
15
94
00
00
00
00
2 per cent.
3
31
3|
3^
3f
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
«
“
Amount.
$200,000
421,500
65,000
2,710,000
1,216,000
1,558,350
Rate.
00
00
00
00
00
00
3A per cent.
3|
“
34
4'
41
4i
“
«
“
Amount.
$671,800
1,420,749
250,000
618,243
79,922
Rate.
00
83
00
63
00
4f per cent.
5
51
5i
6
“
“
«
No. 8.]
419
SAVINGS BANK COMMISSIONERS.
Hew Bedford Institution for Savings — Concluded.
Amount invested in real estate for banking purposes,.................................. $170,000 00
Estimated value of the s a m e , ....................................................................
170.000 00
Assessed value of the same, .............................................................................
133,415 00
Value, by books, of other real estate, held or owned by foreclosure or
17,723 95
o th e rw ise ,......................................................................................................
Assessed value of the same, .............................................................................
19,587 00
188 53
Net income received from same during the year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 460
596.000 63
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................551
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
673,866 50
Times for the dividends fixed by the by-laws: first Monday in April and
October; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $245,565 49
493,726 09
during the year ending Oct. 31, 1902,
.
1 I f per cent., 248,160 60
Number of accounts opened during the year ending Oct. 31,1902,
3,831
Number of accounts closed during the year ending Oct. 31,1902,
2,499
Total number of open accounts Oct. 31, 1902,
.
.
.
.
27,233
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
25,729 31
Amount of deposits, not including dividends, received during the year
2,117,263 50
ending Oct. 31, 1902, .
.
.
.
.
.
.
.
.
.
.
Number of s a m e , .............................................................................
23,497
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902..................................................................................................... 2,196,798 39
Number of s a m e , ............................................................................
20,469
Date of examination by commissioner. October 20, 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
J
\
v
[Pub. Doc.
REPORT OF THE
420
N E W B U R Y P O R T F IV E CENTS S A V IN G S B A N K — N E W B U R Y P O R T.
Incorporated April 24, 1854. Present number of corporators, 48.
M ose s
H.
F ow ler,
President.
J. A. M a y n a r d , Treasurer.
J. A. M a y n a r d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
M o se s H . F o w l e r ,
W il l ia m F . H o u ston,
N a t h a n ie l D o l e ,
W . R . Jo h n so n .
Open for business every business day, 8.30 a . m . to 2 p . m .
B a l a n c e S h e e t O c t . 31, 1902
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
. . .
$465,800
66,706
34,300
283,675
00
00
00
00
30,000
25,700
693,895
319,400
00
00
00
00
2,000
66,162
250
1,493
00
35
60
56
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,819,952 99
90,500 00
73,962 72
4,966 80
$1,989,382 51
$1,989,382 51
Cash on Deposit in Banks, amount in each: —
Fourth National Bank, B o s to n ,...................................................
First National Bank, Newburyport...............................................
Ocean National Bank, Newburyport,...........................................
$12,421 64
49,740 71
4,000 00
Loans on Bank Stock, amount on each : —
60 shares
50 shares
50 shares
200 shares
Merchants National Bank, Newburyport,
Essex National Bank, Haverhill,
. .
Malden Trust Company, Malden,
. .
Broadway National Bank, Boston, . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
$1,200
3,500
4,600
10,000
00
00
00
00
No. 8.]
421
SAYINGS BANK COMMISSIONERS.
Newburyport Five Cents Savings Bank — Continued.
302 shares Ocean National Bank, Newburyport............................................ 'j
15 shares First National Bank, Ip s w ic h ,................................................... ..
10 shares Commercial National Bank, Boston,...................................... J
$15,000 00
Detailed Statement o f Public Funds.
Estimated
Par Value.
Massachusetts 3is, .
.
.
.
County of Aroostook, Me., 4£s,
City of Akron, Ohio, 5s, .
of Boston, Mass., 3£s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 4s,
of Danbury, Conn. 4s,
of Dubuque, Iowa, 4s,
of Grand Ilapids, Mich., 4s,
of Grand Rapids, Mich., 4is, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Johnstown, Pa., 3^s, .
of Kansas City, Mo., 44s,
of Lynn, Mass,, 34s,
of Lynn, Mass., 4s, .
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of Melrose, Mass., 4s,
of Meriden, Conn., 4s,
of Milwaukee, Wis., 34s,
of Nashua, N. II., 4s,
of New Britain, Conn., 4s,
of Newburyport, Mass., 34s, .
of Newton, Mass., 4s,
of Saginaw, Mich., 4s,
of Somerville, Mass., 4s, .
of St. Joseph, Mo., 34s, .
of Taunton, Mass., 4s,
of Waltham, Mass., 4s, .
of Woonsocket, R. I., 4s, .
Town of Arlington, Mass., 4s,
of Cranston, R. I., 4s, .
of Hatfield, Mass., 4s, .
of Holbrook, Mass., 4 s ,.
of Hull, Mass., 4s, .
of North Andover, Mass., 4s,
of Warren, R. I., 34s„ .
of Watertown, Mass., 4s,
of Westfield, Mass., 4s, .
of West Springfield, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
5,000
20,000
4,000
25,000
6,000
3,000
14,000
10,000
2,000
15,000
17,000
2,000
10,000
20,000
5,000
18,000
15,000
2,000
22,000
15,000
10,000
10,000
10,000
15,000
1,000
10,000
14,000
10,000
14,000
30,000
5,000
8,800
15,000
4,000
2,000
2,000
24,000
10,000
9,000
2,000
10,000
$465,800
Market Value.
$10,900
10,850
5,125
20,600
4,215
26,750
6,105
3,000
14,980
10,500
2,020
16,425
18,615
2,010
10,200
22,100
5,000
18,095
16,350
2,020
23,000
15,437
10,025
10,500
10,950
15,450
1,045
10,500
14,490
10,025
14,582
31,375
5,175
9,069
16,350
4,420
2,100
2,055
26,340
10,060
9,202
2,080
11,125
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
50
00
00
Amount Invested.
$10,000
10,000
5,000
20,000
4,000
25,000
6,000
3,000
14,000
10,000
2,000
15,000
17,000
2,000
10,000
20,000
5,000
18,000
15,000
2,000
22,000
15,000
10,000
10,000
10,000
15,000
1,000
10,000
14,000
10,000
14,000
30,000
5,000
8,800
15,000
4,000
2,000
2,000
24,000
10,000
9,000
2,000
10,000
00
00
00
00
00
00
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
$491,216 50 $465,800 00
Legal Investments when made.
422
KEPORT OF THE
fPub. Doc
Newburyport Five Cents Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Estimated
Par Value.
10 Atlantic Nat’l Bank, Boston, .
60 Atlas National Bank, Boston, .
22 Blackstone N’l Bank, Boston, .
8 Boylston Nat'l Bank, Boston, .
42 Continental N’l Bank, Boston,
33 Eliot National Bank, Boston, .
18 N’l B’k of Commei’ce, Boston,
70 N’l B’k of Redemption, Boston,
23 N’l B’k of the Republic, Boston,
80 National City Bank, Boston, .
5 Nat’l Exchange Bank, Boston,
243 Nat’l Shawmut Bank, Boston,
24 National Union Bank, Boston,
37 Nat’l Webster Bank, Boston, .
10 New England N’l B’k, Boston,
8 State National Bank, Boston, .
8 Suffolk National Bank, Boston,
78 Third National Bank, Boston,
25 Tremont Nat’l Bank, Boston, .
56 First Nat’l B’k, Newbury port,
50 Mechanicks National Bank,
Newbury port,
89 Ocean N’l B'k, Newburyport, .
$1,000
6,000
506
800
-
3,300
1,800
7,000
2,300
-
500
24,300
2,400
3,700
1,000
800
_
1,250
5,600
4,450
Market Value.
$1,300
6,900
132
880
210
5,478
2,700
11,900
3,680
80
760
57,105
4,080
4,366
1,570
1,216
48
1,716
125
6,832
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,000
6,000
506
800
00
00
00
00
-
3,300
1,800
7,000
2,300
00
00
00
00
-
500
24,300
2,400
3,700
1,000
800
00
00
00
00
00
00
-
1,250 00
5,600 00
250 00
4,717 00
- ‘
4,450 00
$66,706 $116,045 00
$66,706 00
*
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 7s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4ès,
Boyer Valley R.R. 3¿s, .
Chic., Burlington & Quincv R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 3¿s, .
.
.
.
Fitchburg R.R. 4s..............................
Illinois Central R.R. 3s, .
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 3 è s , ...................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$5,000
30,000
10,000
35,000
10,000
10,000
10,000
25,000
10,000
25,000
35,000
15,000
$5,475
30,825
11,250
42,875
10,000
9,850
10,250
26,812
10,100
26,487
29,925
15,525
00
00
00
00
00
00
00
50
00
50
00
00
10,000
10,200 00
Amount Invested.
$5,000
30,000
10,000
35,000
10,000
10,000
10,000
25,000
10,000
25,000
31,675
15,000
00
00
00
00
00
00
00
00
00
00
00
00
10,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
423
Newburyport Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds— Concluded.
Par Value.
New York, New Haven & Hartford
R.R. 4 s,...........................................
Old Colony R.R. 4 s ,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,
Estimated
Market Value.
Amount Invested.
$10,000
15,000
$11,300 00
16,350 00
$10,000 00
15,000 00
10,000
10,000
12,000
13,000 00
10,700 00
13,260 00
10,000 00
10,000 00
12,000 00
$287,000 $304,185 00 $283,675 00
♦
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$12,421
53,740
10,000
52.000
74.000
Kate.
64
71
00
00
00
2£ per cent.
3A
“
3Ì
“
4
“
4|
“
Amount.
$125,000 00
135,400 CO
1,200 00
566,320 00
3,500 00
Kate.
4| per cent.
H
“
4|
“
5
“
51
“
Amount.
$25,000
51,450
5,000
725
Rate.
00
00
00
00
5^ per cent.
6
“
6à
“
7
Amount invested in real estate for banking purposes,.................................. $30,000 00
Estimated value of the s a m e , ....................................................................
35,000 00
33,000 00
Assessed value of the s a m e ,.................................. ..........................................
Net income received from same during year ending Oct. 31, 1902, .
.
940 15
Value, by books, of other real estate, held or owned by foreclosure or
otherwise, ......................................................................................................
25,700 00
Assessed value of the s a m e ,.............................................................................
29,125 00
Net income received from same during year ending Oct. 31, 1902, .
.
284 05
Number of loans which are of an amount not exceeding $3,000 each, 297
Aggregate amount of the s a m e , ....................................................................
318,995 00
Total number of loans upon real e s t a t e , ...........................................354
Amount of investments from which no income is received,
.
.
.
13,500 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
84,106 24
Times for the dividends fixed by the by-laws : last Monday in April and
October; payable first Monday in May and November.
Rate and amount of each semi-annual dividend ) 2 per cent., $32,890 52 ) g9 ^
during the year ending Oct. 31, 1902,
.
J l§ per cent., 30,082 53 i
’
Number of accounts opened during the year ending Oct. 31, 1902,
454
Number of accounts closed during the year ending Oct. 31, 1902,
. 316
Total number of open accounts Oct. 31, 1902.................................
4,236
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
\
424
REPORT OF THE
[Pub. Doc.
Newburyport Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31,1902 (ex
clusive of taxes),
.....................................................................................$4,165 64
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902.........................................................................................
212,169 82
Number of s a m e , .............................................................................2,410
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
193,591 19
Number of s a m e , .............................................................................2,333
Date of examination by commissioner: February 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
425
N E W T O N SA V IN G S B A N K — N E W T O N .
Incorporated June 17, 1831.
C h a r l e s T . P u l s if e r ,
Present number of corporators, 17.
President.
Treasurer.
A d o l p h u s J. B l a n c h a r d ,
Ch ar les A . M in e r ,
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
C h a r l e s T . P u l s if e r ,
S a m u e l M . Ja c k s o n ,
F r a n c is M u r d o c k .
Open for business every business day except Saturdays, 9 a . m . to 3 p .m . ; Saturdays,
9 a . m . to 1 P.M.
B alan ce S heet O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Suspense account,
Income and expenses of real
estate by foreclosure,
Tax account,
.
. . .
Cash on hand, .
. . .
L ia b il it ie s .
$132,500
9,474
28,050
638,000
150,000
00
50
00
00
00
50,000
24,560
2,732,994
1,432,880
103,629
436
00
00
07
00
08
70
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$5,093,018 10
135,275 00
54,093 37
31,490 46
3,683 00
3,572 04
4,097 54
$5,313,876 93
$5,313,876 93
Cash on Deposit in Banks, amount in each : —
j
National Bank of Redemption, B o s t o n , ................................................... $47,397 74
Newton National Bank, N e w t o n , ............................................................
56,231 34
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
426
REPORT OF THE
[Pub. Doc
Newton Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
50 shares Massachusetts National Bank, Boston,
16 shares Merchants National Bank, Boston..............................
10 shares Merchants National Bank, Boston, .
. . .
5 shares Mechanics National Bank, Boston, .
.
.
.
150 shares Massachusetts National Bank, Boston,
61 shares First National Bank, West Newton, .
. . .
$5,000 00
1,600 00
1,000 00
450 00
15,000 00
5,000 00
Detailed Statement o f Public Funds.
Par Value.
City of Bangor, Me., 6s, .
of Bristol, R. L, 3£s,
of Cleveland, Ohio, 4s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Pittsfield. Mass., 4s,
of St. Joseph, Mo., 6s,
of Worcester, Mass., 5s, .
Town of Needham, Mass., 4s, .
$15,000
10,000
3.000
5.000
50.000
10.000
20,000
5.000
14,500
$132,500
Estimated
Market Value.
$15,975
10,425
3,000
5,537
53.000
10,712
20.000
5,225
15,347
00
00
00
50
00
50
00
00
50
Amount Invested;
$15,000
10,000
3.000
5.000
50.000
10.000
20,000
5.000
14,500
00
00
00*
00
00
00
00
00
00
$139,222 50 $132,500 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
25
116
10
25
24
Par Value.
Commercial N’l B’k, Boston, .
Lincoln Nat’l Bank, Boston, .
First Nat’l Bank, Cambridge, .
Wachusett N’l B’k, Fitchburg,
Newton Nat’l Bank, Newton, .
$2,500
1,160
1,000
2,500
2,400
$9,560
Estimated
Market Value.
$3,375
580
1,600
2,750
2,160
00
00
00
00
00
$10,465 00
Amount Invested.
$2,500
1,160
1,000
2,500
2,314
00
00
00'
00
50
$9,474 50
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
21,000
100,000
Estimated
Market Value.
Amount Invested.
$53,125 00
21,462 50
125,000 00
$50,000 00
21,000 00
100,000 00
No. 8.]
427
SAVINGS BANK COMMISSIONERS.
Newton Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4¿s, .
.
.
.
Fitchburg R.R. 5s, .
Illinois Central R.R. 3és, .
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
New York, New Haven & Hartford
R.R. 8 ¿ s , ..................................
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5s,...........................................
Estimated
Market Value.
Amount Invested.
$175,000 $174,125 00 $175,000 00
30,000 00
30,900 00
30,000
20,000 00
21,600 00
20,000
25,000 00
27,500 00
25,000
25,000 00
27,000 00
25,000
40,000 00
39,600 00
40,000
25,000 00
27,750 00
25,000
7,000 00
8,960 00
7,000
70,000
25,000
71,400 00
27,312 50
70,000 00
25,000 00
25,000
32,500 00
25,000 00
$638,000 $688,235 00 $638,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3¿s,
Estimated
Market Value.
Amount Invested.
$150,000 $173,250 00 $150,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$56,231
47,397
184,000
92,000
34
74
00
00
2 per cent.
24
“
4
“
41
Amount.
Rate.
$1,434,550 00 44 per cent.
198,050 00 4|
2,002,874 07 5
Rate.
Amount.
$4,200 00
161,300 00
116,950 00
H
6
per cent.
“
Amount invested in real estate for banking purposes,.................................. $50,000 00
Estimated value of the s a m e , ....................................................................
50,000
Assessed value of the s a m e ,.............................................................................
53,600
Net income received from same during year ending Oct. 31, 1902,
.
.
1,196
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
24,560
Assessed value of the s a m e ,.............................................................................
38,300
Number of loans which are of an amount not exceeding $3,000 each, 402
Aggregate amount of the s a m e , ....................................................................
677,763
Total number of loans upon real e s t a t e , ...........................................671
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
45
00
00
00
428
REPOET OF THE
[Pub. Doc.
Newton Savings Bank — Concluded.
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per hooks, during
year ending Oct. 31, 1 9 0 2 ,............................................................
Times for the dividends fixed by the by-laws: January 10 and July 10;
payable on the Tuesday after January 10 and July 10.
Rate and amount of each semi-annual dividend t 2 per cent., $89,387 06 >
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
93,653 77 >
Number of accounts opened during the year ending Oct. 31, 1902,
1,644
Number of accounts closed during the year ending Oct. 31, 1902,
. 853
Total number of open accounts Oct. 31, 1902,
.
.
.
.
13,687
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
i
.............................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................11,249
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of s a m e , .............................................................................9,100
Date of examination by commissioner: March 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$94,810 00
224,076 70
183,040 83
15,256 24
927,570 90
689,865 62
No. 8.]
SAYINGS BANK COM M ISSIONED.
429
N E W T O N CENTRE SA V IN G S B A N K — N E W T O N C E N T R E ,
Incorporated Feb. 25, 1896. Present number of corporators, 28.
S e w a r d W . Jo n e s ,
President.
M ellen B r a t ,
W il l ia m M . F l a n d e r s ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
S e w a r d W . Jo n e s ,
E rastus
T.
D w ig h t Ch e st e r ,
Co lbu r n ,
D.
H.
E dw ard
B.
E aton,
A ndrew s.
Open for business every business day except Saturdays, 9 to 11.30 a . m . ; 2 to 3.30
Saturdays, 9 a . m . to 12 m .
p .m
.;
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Premium account,
Real estate income and expense,
Cash on hand, . . . .
L ia b il it ie s .
$4,000
1,835
3,046
74,990
12,900
267,185
131,516
2,145
256
6,600
36
918
00
00
00
00
00
25
70
64
39
00
48
77
$505,430 23
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$495,795 37
3,607 12
2,813 36
3,214 38
$505,430 23
Cash on Deposit in Bank : —
Newton Centre Trust Company, Newton C e n t r e , .................................. $2,145 64
Loan on Public Funds : —
$3,000 City of Boston, Mass , 4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
s , ........................................................... $1,835 00
[Pub. Doc.
REPORT OF THE
430
Newton Centre Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Lynn, Mass., 3ès,.
of Lynn, Mass., 4s, .
Estimated
Market Value.
Amount Invested.
$2,000
2,000
$2,0U2 60
2,000 00
$2,000 00
2,000 00
$4,000
$4,002 50
$4,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
12
10
20
Par Value.
Blackstone Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
Newton Centre Trust Company, Newton Centre,.
Estimated
Market Value.
Amount Invested.
$276
1,000
$72 00
1,700 00
$96 00
950 00
2,000
2,000 00
2,000 00
$3,276
$3,772 00
$3,046 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 7s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Housatonic R.R. 4s, .
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Mahoning Coal R.R. 5s, .
Maine Central R.R. 4s,
Milwaukee, Lake Shore & Western
R.R. 5 s,...........................................
New York & New England R.R. 6s,
Penobscot Shore Line R.R. 4s,'.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$12,000
1,000
14,000
7,000
1,000
1,000
6,000
5,000
5,000
1,000
Estimated
Market Value.
$12,780
1,225
14,140
7,482
1,000
1,037
5,910
5,537
6,300
1,090
00
00
00
50
00
50
00
50
00
00
Amount Invested.
$12,000
1,000
14,000
7,000
1,000
1,000
5,990
5,000
5,000
1,000
00
00
00
00
00
00
00
00
00
00
9,000
5,000
3,000
10,330 00
5,200 00
3,165 00
9,000 00
5,000 00
3,000 00
5,000
6,500 00
5,000 00
$75,000
$81,697 50
$74,990 00
No. 8.]
431
SAYINGS BANK COMMISSIONERS.
Newton Centre Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$2,145 64
28,000 00
Kate.
2 per cent.
4h
“
Amount.
$15,000 00
257,885 00
Rate.
4| per cent.
5
Amount.
$43,950 00
55,701 95
Rate.
5J per cent.
6
$12,900 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
13,000 00
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each,
81
Aggregate amount of the s a m e , ....................................................................
131,186 95
Total number of loans upon real estate................................................... 98
Amount of investments from which no income is received,
96 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1902...................................................................
22,373 50
Times for the dividends fixed by the by-laws: January 15 and July 15;
payable on same days.
Rate and amount of each semi-annual dividend ( 2 per cent.,
$7,608 50 1
15,896 35
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
8,287 85 J
Number of accounts opened during the year ending Oct. 31, 1902, . 462
Number of accounts closed during the year ending Oct. 31, 1902,
. 169
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,871
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
1,390 60
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902.........................................................................................
172,058 35
Number of s a m e , ............................................................................ 2,935
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
97,101 34
Number of s a m e , .............................................................................1,442
Date of examination by commissioner: September 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
432
N O N O TU CK S A V IN G S B A N K — N O R TH AM PTO N .
Incorporated February 9, 1899.
H enry
L.
W il l ia m s ,
Present number of corporators, 54.
President.
Jo h n P r in c e ,
I saac B r id g m a n ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Jo h n P r i n c e ,
0 . W . P routy,
R . L.
W il l is t o n .
Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a m . to 12 M.
B a l a n c e S h e e t O c t . 31, 1902.
V
L ia b il it ie s .
A ssets.
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Premium account,
Suspense account,
Cash on hand, .
. . .
$51,497
300
19,575
440
407,821
103,835
00
00
00
00
86
00
2,800
900
38,507
1,008
465
1,815
753
941
00
00
22
74
95
16
25
63
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$630,660 81
$619,802
3,500
4,858
2,500
03
00
78
00
$630,660 81
Cash on Deposit in Banks, amount in each : —
First National Bank, N orth a m p ton ,............................................................$15,735 80
Hampshire County National Bank, Northampton.......................................
4,591 49
Springfield National Bank, S p r in g fie ld ,...................................................
3,179 93
Hampden Trust Company, S p r in g fie ld ,...................................................
15,000 00
Loan on Bank Stock : —
3 shares First National Bank, N o r t h a m p to n ,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$300 00
No. 8.]
433
SAYINGS BANK COMMISSIONERS
Tfonotuck Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
10 Greylock Nat’l Bank, Adams,.
5 Miller’s River N’l Bank, Athol,
20 Conway Nat’l Bank, Conway,
33 First N’l Bank, Northampton,
50 Chapin Nat’l B’k, Springfield,
50 Chicopee N’l B’k, Springfield,
37 City Nat’l Bank, Springfield, .
6 First Nat’l Bank, Springfield, .
50 Second Nat’l Bank, Springfield,
23 Third Nat’ l Bank, Springfield,
7 Hampden N’l Bank, Westfield,
50 First Nat’l Bank, Worcester, .
$1,000
500
2,000
3,300
5,000
5,000
3,700
600
5,000
2,300
700
5,000
$31,100
Estimated
Market Value.
$1,850
825
2,000
4,125
6,000
7,500
5,365
630
6,500
5,060
1,120
9,500
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
$2,050
875
1,800
4,162
6,750
7,750
5,365
672
6,597
5,175
1,050
9,250
$50,475 00
00
00
00
50
00
00
00
00
50
00
00
00
$51,497 00
Detailed Statement o f Railroad Bonds.
Par Value.
Erie & Pittsburgh R R. 3£s,
Illinois Central R.R. 3s, .
Lime Rock R R. 4s, .
Estimated
Market Value.
Amount Invested.
$5,000
5,000
10,000
$5,206 25
4,525 00
10,400 00
$5,000 00
4,575 00
10,000 00
$20,000
$20,131 25
$19,575 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$23,507 22
15,000 00
Rate.
3 per cent.
4
Amount.
$18,500 00
485,606 86
Rate.
44, per cent.
5
Amount.
$500 00
11,050 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 242
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................221
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1902,............................................................................
Times for the dividends fixed by the by-laws: first Wednesday in June
and December; payable on same day^.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
5J per cent.
6
»
$440 00
100 00
295,818 47
440 00
27,819 58
434
REPORT OF THE
[Pub. Doc.
Nonotuek Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 1| per cent., $9,417 02
| $19,272 73
during the year ending Oct. 31, 1902,
.
( 1| per cent.,
9,855 71
Number of accounts opened during the year ending Oct. 31, 1902, . 272
Number of accounts closed during the year ending Oct. 31, 1902,
. 199
Total number of open accounts Oct. 31, 1902,
.
.
.
.
1,696
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,311 58
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902, •.....................................................................................
138,160 66
Number of same,
.................................................................... 1,655
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
108,184 70
Number of s a m e , .............................................................................1,119
Date of examination by commissioner: May 13.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
435
SAYINGS BANK COMMISSIONERS.
N O R TH AD AM S SA V IN G S B A N K — N O R TH AD A M S.
Incorporated April 26, 1848.
A. C.
H o ughton,
President.
Y . A. W h
Present number of corporators, 35.
V . A . W h it a k e r ,
it a k e r
,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
G eo rge
L.
F. A.
R ic e ,
C. E.
W il c o x s o n ,
W in c h e l l .
Open for business every business day, 9 a . m
B a l a n c e Sh e e t
4 p .m
.
O c t . 31, 1902.
A ssets.
Public funds, as per schedule, <
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposit in bank, on interest,
Deposits in banks, not on interest,
Expense account,
Interest account,
Cash on hand, . . . .
. to
L ia b il it ie s .
$94,500
94,500
5,975
20,000
00
00
00
00
29,704
4,000
2,219,515
1,341,800
82
00
88
83
109,300
1,626
19,553
60,352
981
47,858
4,848
00
14
46
25
01
17
55
$4,054,516 11
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
Undivided earnings,
Tax account, .
D u e on mortgage
loans, .
$3,824,622 27
177,000 00
20 00
38,292 79
4,000 00
10,581 05
$4,054,516 11
Cash on Deposit in Banks, amount in each : —
New England National Bank, B o s t o n , ................................................... $19,553 46
Adams National Bank, North A d a m s , ...................................................
36,427 90
Berkshire National Bank, North A d a m s ,...................................................
23,924 35
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EEPOET OF THE
436
[Pub. Doc
N o rth A d a m s Savings B ank — Continued.
Loans on Bank Stock, amount on each: —
3 shares Pittsfield National Bank, P it ts fie ld ,...........................................$250
25 shares Adams National Bank, North A d a m s , ..................................
25 shares Adams National Bank, North A d a m s , ..................................
12 shares Adams National Bank, North A d a m s , ..................................
5 shares Adams National Bank, North A d a m s , ..................................
10 shares Adams National Bank, North A d a m s , ..................................
20 shares Adams National Bank, North Adams,
.
.
.
^
.
00
900
1,100
500
225
1,000
2,000
00
00
00
00
00
00*
* Additional collateral has since been pledged for this loan.
Detailed Statement o f Public Funds.
Par Value.
City of Dayton, Ohio, 4 s,.
of Fall River, Mass., 6s, .
of Lowell, Mass., 4s,
of Portland, Me., 6s,
of Woonsocket, R.I., 4s, .
Town of Plymouth, Mass., 4 s,.
*
Estimated
Market Value.
$20,000
10,000
10,000
5,000
30,000
19,500
$20,358
10,902
10,581
5,630
31,032
20,408
$94,500
$98,911 00
00
00
00
00
00
00
Amount Invested..
$20,000
10,000
10,000
5,000
30,000
19,500
00
00
00
00
00*
00
$94,500 00
A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
7
418
490
30
Par Value.
Lee National Bank, L ee,.
Adams N’l B’k, North Adams,
Berkshire Nat’l Bank, North
Adams , .
.
.
.
.
Pittsfield N ’l Bank, Pittsfield,
Estimated
Market Value.
Amount Invested.
$700
41,800
$1,155 00
49,324 00
$700 00
41,800 00
49,000
3,000
51,940 00
3,750 00
49,000 00
3,000 00
$94,500
$106,169 00
$94,500 00
Detailed Statement o f Railroad Bonds.
Par Value.
Fitchburg R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
$20,000
Estimated
Market Value.
$20,523 00
Amount Invested.
$20,000 00
No. 8.]
437
SAVINGS BANK COMMISSIONERS.
North Adams Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$19,553
150,000
8,000
250,175
Rate.
46
00
00
00
2 per cent.
3
“
H
“
4
“
Amount.
$342,000
472,500
54,800
2,341,977
Rate.
00
00
00
85
41 per cent.
4|
“
Rate.
Amount.
$33,765 00
25,000 00
6 per cent.
61
4|
5
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,.................................. ...................................................................
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 691
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................691
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2,............................................................................
Times for the dividends fixed by the by-laws: Tuesday next preceding
first day of April and October; payable April 1 and October 1.
Rate and amount of each semi-annual dividend f 2 per cent., $69,079 42 ]
during the year ending Oct. 31, 1902,
.
( 2 per cent.,
71,605 85 J
Number of accounts opened during the year ending Oct. 31, 1902,
1,730
Number of accounts closed during the year ending Oct. 31, 1902,
1,341
Total number of open accounts Oct. 31, 1902,
. . .
.
8,705
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2,.....................................................................................
Number of s a m e , ............................................................................ 10,468
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1902......................................................................................................
Number of same................................................................................. 7,516
Date of examination by commissioner: April 8.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$29,704 82
65.000 00
55.000 00
4,000 00
2,700 00
\
716,314 81
181,463 50
140,685 27
12,877 58
788,231 31
689,782 55
REPOST OF THE
438
[Pub. Doc
N O R T H AM PT O N IN S T IT U T IO N FOR S A V IN G S — N O R T H
AM P TO N .
Incorporated March 1, 1842.
O l iv e r
W alker,
Present number of corporators, 16.
President.
Sa m u el D . D
T. G. S p a u l d i n g , Clerk o f the Corporation.
ru ry
,
Treasurer.
Names of committee charged with the investment of its funds :
Sa m u el D . D r u r y ,
Oscar E dw ards,
F rank E . Cla rk ,
A r t h u r W atso n.
Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a . m . to 12 M .
B a l a n c e S h e e t O c t . 31, 1902,
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
.
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .
L ia b il it ie s .
$764,000
31,700
5,790
819.000
275.000
00
00
00
00
00
27,000
1,705
1,521,319
652,141
00
00
07
13
16,000
675
175,963
1,098
13,428
00
00
38
02
13
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Real estate income
account,
$4,304,819 73
$4,091,427 46
205,000 00
7,151 70
1,200 57
40 00
$4,304,819 73
Cash on Deposit in Banks, amount in each : —
Second National Bank, Boston, .
.
.
.
First National’Bank, Northampton, .
Northampton National Bank, Northampton,
$26,067 27
55,964 24
93,931 87
Loans on Bank Stock, amount on each : —
1 share First National Bank, Adams,
10 shares Home National Bank, Brockton,
7 shares First National Bank, Easthampton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$100 00
500 00
540 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
439
Northampton Institution for Savings — Continued.
2 shares First National Bank, N orth a m pton ,...........................................
3 shares First National Bank, Northampton...............................................
5 shares First National Bank, N orth a m pton ,...........................................
6 shares First National Bank, Northampton................................................
30 shares First National Bank, N orth a m pton ,...........................................
8 shares Northampton National Bank, Northampton,
. . . .
10 shares Northampton National Bank, N o r t h a m p to n ,.................................
10 shares Second National Bank, S p rin g fie ld ,...........................................
10 shares Ware National Bank, W a r e , ...................................................
f 50 00
250 00
100 00
200 00
2,500 00
250 00
500 00
500 00
300 00
D etailed Statem ent o f P ublic F u nd s.
Par Value.
Massachusetts 3£s, .
.
.
.
City of Boston, Mass., 4s,
of Cambridge, Mass., 4s, .
of Cleveland, Ohio, 5s,
of Detroit, Mich., 7s,
of Grand Rapids, Mich., 4£s, .
of Manchester, N. H., 4£s,
of Milwaukee, Wis., 5s, .
of Northampton, Mass., 3j£s, .
of Northampton, Mass., 4s,
of Providence, R. I., 4s, .
of Scranton, Pa., 4<|s,
of Springfield, Ohio, 5s, .
Town of Meriden, Conn., 4<|s, .
*
Estimated
Market Value.
Amount Invested.
00 $150,000 00
00 200,000 00
00
30,000 00
00
50,000 00*
00
10,000 00
00
20,000 00
25,000 00
00
00
10,000 00
98,000 00
00
50,000 00
00
00
50,000 00
35,000 00
00
00
5,000 00
31,000 00
00
$150,000
200,000
30,000
50,000
10,000
20,000
25,000
10,000
98,000
50,000
50,000
35,000
5,000
31,000
$163,300
219,500
31,725
50,250
10,425
22,000
27,685
10,450
99,335
53,500
52,875
35,435
5,600
32,550
$764,000
$814,630 00 $764,000 00
A leg a l I n v e s tm e n t w h e n m a d e .
No. of
Shares.
D etailed Statem ent o f B a n k Stocks.
31 Bunker Hill N’l Bank, Boston,
105 First National Bank, Boston, .
20 Merchants Nat’l Bank, Boston,
7 Monument N’l Bank, Boston, .
15 N’l B’k of Commerce, Boston,
10 Nat’l Exchange Bank, Boston,
50 Second National Bank, Boston,
9 First Nat’l B’k, Northampton,
50 Northampton National Bank,
Northampton,
20 City Nat’l Bank, Worcester, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$3,100
10,500
2,000
700
1,500
1,000
5,000
900
Estimated
Market Value.
$5,735
18,585
3,820
1,337
2,250
1,520
9,450
1,125
00
00
00
00
00
00
00
00
Amount Invested,
1
$3,100
10,500
2,000
700
1,500
1,000
5,000
900
00
00
00
00
00
00
00
00
5,000
2,000
10,000 00
2,200 00
5,000 00
2,000 00
$31,700
$56,022 00
$31,700 00
y
440
[Pub. Doc.
REPORT OF THE
Northampton Institution for Savings — Continued.
Detailed Statem ent o f R ailroad Bonds.
Estimated
Par Value.
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R.R 3£s,
Chic., Burlington & Quincy R.R. 5 s,.
Cleveland & Pittsburgh R.R. 3ès, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3£s, .
Maine Central R.R. 4¿s, .
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York & New England R.R. 7s,
New York & New England R.R.
(terminal) 4s,
. . .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
$40,000
25,000
50,000
54,000
25,000
50,000
100,000
40,000
100,000
50,000
Amount Invested.
Market Value.
$44,000
29,750
49,500
60.750
25,250
54,750
107,500
46,400
98,750
54,125
00
00
00
00
00
00
00
00
00
00
$40,000
25,000
50,000
54,000
25,000
50,000
100,000
40,000
100,000
50,000
00
00
00
00
00
00
00
00
00
00
50,000
25,000
61,500 00
26,500 00
50,000 00
25,000 00
95,000
113,850 00
95,000 00
65,000
50,000
74,100 00
56,000 00
65,000 00
50,000 00
$819,000 $902,725 00 $819,000 00
Boston T erm inal Com pany Bonds.
Par Value.
Boston Terminal Company 3¿s,
Estimated
Market Value.
$250,000 $288,750 00
Amount Invested.
$275,000 00
Total A m ou nt o f L oan s, with E ach Specified Rate o f In terest.
Amount.
$26,067 27
149,896 11
287,945 00
Rate.
2 per cent.
3
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
Rate.
Amount.
Rate.
$178,000 00
401,200 00
50,000 00
4¿ per cent.
H
“
4|
“
$39,000 00
1,195,507 41
44,272 79
4| per cent.
5
“
6
«
No. 8.]
SAYINGS BANK COMMISSIONERS.
441
Northampton Institution for Savings — Concluded.
Amount invested in real estate for banking purposes,
.
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1902,
Number of loans which are of an amount not exceeding $3,000 each, 593
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................613
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,............................................................................
Times for the dividends fixed by the by-laws : first Wednesday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend t 1| per cent., $66,213 52 1
during the year ending Oct. 31, 1902,
.
< 2 per cent., 77,881 75 J
Number of accounts opened during the year ending Oct. 31, 1902,
1,398
Number of accounts closed during the year ending Oct. 31, 1902,
1,001
.
.
.
.
10,215
Total number of open accounts Oct. 31, 1902,
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e ,............................................................................ 9,302
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
Number of s a m e , .............................................................................7,835
Date of examination by commissioner: May 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$27,000 00
30,000 00
26,600 00
1,705 00
1,250 00
43 87
641,053 74
176,099 67
144,095 27
8,822 03
634,583 26
580,999 00
442
REPORT OF THE
[Pub. Doc
N O R TH A V E N U E SA V IN G S B A N K — N O R TH CA M BR ID G E .
Incorporated March 7, 1872.
S a m u el F. W
oo d brid g e ,
W
il l ia m
Present number of corporators, 23.
President.
M ilton L. W a lt o n , Treasurer.
E . H u tc h in s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Sa m u e l F. W oo d brid g e ,
R ussell S. E d w a r d s ,
W il l ia m F. S t a r k ,
Ch ar les F. S tratton ,
W a r r e n L. H ooper .
Open for business every business day, 9 a .m . to 1 p . m . ; also Saturdays 6 to 8 p . m .
B
a l a n c e
S
h e e t
O
c t
.
3 1 , 1902.
A ssets.
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loans on railroad stock, .
.
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Interest account,
Miscellaneous stock,*
Cash on hand, .
.
.
.
$136,100
12,749
200
160,850
900
5,000
11.586
592,340
213,950
00
00
00
00
00
00
99
00
00
62,700
325
26,700
1,356
8,061
1,528
00
00
79
58
49
44
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$1,234,348 29
$1,188,146 07
30,200 00
16,002 22
$1,234,348 29
* T a k e n t o s e c u r e in d e b t e d n e s s .
Cash on Deposit in Banks, amount in each : —
Faneuil Hall National Bank, Boston,........................................................... $8,611 28
National Bank of the Republic, B o s t o n , ...................................................
18,089 51
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
443
SAYINGS BANK COMMISSIONERS.
North Avenue Savings Bank — Continued.
Loan on Bank Stock: —
7
shares South Berwick National Bank, South Berwick, Me., .
.
.
£200 00'
10 shares Boston & Albany R . R . , ............................................................
6 shares Boston & Maine R . R . , ............................................................
$400 00
500 00
Loans on Railroad Stock, amount on each: —
D etailed Statem ent o f P ublic Funds.
Par Value.
District of Columbia 6s, .
City of Boston, Mass., 3£s,
of Brockton, Mass., 4s,
of Dayton, Ohio, 6 s,.
of Dubuque, Iowa, 4s,
of Fall River, Mass., 3£s,
of Kansas City, Mo., 4£s,.
of Saginaw, Mich., 4s,
of Somerville, Mass., 3£s,
of Springfield, Ohio, 5s, .
of St. Joseph, Mo., 6s,
of Wilkes-Barre, Pa., 3£s,
Town of Lexington, Mass., 3is,
of Lincoln, Mass., 3£s, .
of Lisbon, N. H., 3£s,
of Palmer, Mass., 3£s, .
of Watertown, Mass., 4s,
$2,500
10,500
5,570
1,010
5,250
10,150
22,240
5,150
10,087
1,020
15,150
10,045
9,067
10,350
3,075
9,744
10,250
$2,500
10,000
5,000
1,000
5,000
10,000
20,000
5,000
10,000
1,000
15,000
10,000
9,000
10,000
3,000
9,600
10,000
$136,100
*
Estimated
Market Value.
00
00
00
00
00
00
00
00
50
00
00
00
50
00
00
00
00
Amount Invested.
$2,500
10,000
5,000
1,000
5,000
10,000
20,000
5,000
10,000
1,000
15,000
10,000
9,000
10,000
3,000
9,600
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
$141,159 00 $136,100 00
A le g a l in v e s tm e n t w h e n m a d e .
No. of
Shares.
D etailed Statem ent o f B a n k Stocks.
13
106
5
15
Par Value.
Blackstone N’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Nat’l Exchange Bank, Boston,
First N’l Bank, Marlborough,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$299
10,600
500
1,500
$12,899
Estimated
Market Value.
$78
14,522
760
1,875
00
00
00
00
$17,235 00
Amount Invested.
$299
10,600
500
1,350
00
00
00
00
$12,749 00
[Pub. Doc.
REPORT OF THE
444
North Avenue Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincy R.R. 7s,
Chicago & Northwestern R R. 3ès, .
Cleveland & Pittsburgh R.R. 3£s, .
Concord & Montreal R.R. 4s, .
Erie & Pittsburgh R.R. 3£s,
Fitchburg R.R. 3às, .
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s, .
New York Central & Hudson River
R.R. 7 s ,...........................................
New York, New Haven & Hartford
R.R. S é s , ..................................
Old Colony R.R. 4s,.
Old Colony R.R. 4£s,
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4ès,
Vermont & Massachusetts R.R. 5s, .
$ 10,000
20,000
23,000
10,000
10,000
5,000
5,000
10,000
4,000
8,000
10,000
15,000
1,000
10,000
5,000
1,000
5,000
5,000
5,000
$162,000
Estimated
Amount Invested.
Market Value.
$10,106
19,800
23,230
10,100
10,200
5,400
5,050
10,150
4,000
8,140
8,750
14,850
00
00
00
00
00
00
00
00
00
00
00
00
$10,000
20,000
23,000
10,000
10,000
5,000
5,000
10,000
4,000
8,000
8,850
15,000
1,000 00
10,300
5,400
1,020
5,350
5,775
5,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
1,000 00
10,000
5,000
1,000
5,000
5,000
5,000
00
00
00
00
00
00
$163,621 00 $160,850 00
Boston T erm inal Com pany Bonds.
Par Value.
Boston Terminal Company 3às,
$5,000
Estitnated
Amount Invested.
Market Value.
$5,775 00
$5,000 00
Total A m ou nt o f Loans, with E ach Specified R ate o f Interest.
Rate.
Amount.
2 per cent.
3*
“
34
3|
“
"
3|
“
$1,500
10,000
2,650
74,250
25,000
72,700
Amount.
$26,700
25,700
3.000
1,600
5.000
21,000
79
00
00
00
00
00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
00
00
00
00
00
00
3 f per cent.
3p
“
3|
“
4
“
4£
4à
»
Amount.
$20,000
505,190
9,500
49.075
44,250
Rate.
00
00
00
00
00
4| per cent.
5
5£
5è
“
6
No. 8.]
SAYINGS BANK COMMISSIONERS.
445'
North Avenue Savings B ank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 193
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .......................................... 226
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ...........................................................
Times for the dividends fixed by the by-laws: January 10 and July 10;
payable on same days.
Rate and amount of each semi-annual dividend J 1| per cent., $17,543 60 1
during the year ending Oct. 31,1902,.
.
( I f per cent.,
18,671 26 )
Number of accounts opened during the year ending Oct. 31, 1902,
796
Number of accounts closed during the year ending Oct. 31, 1902,
421
Total number of open accounts Oct. 31,1902,
. . .
.
4,589
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , ..................................................................................... 6,439
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
Number of s a m e , ..................................................................................... 3,732
Date of examination by commissioner: April 10.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11,586 99
11,130 00
320,465 00
14,125 85
53,705 09
36,214 86
3,459 00
307,634 04
230,136 42:
REPORT OF THE
446
[Pub. Doc.
NORTH BROOKFIELD SAVINGS BANK — NORTH
BROOKFIELD.
Incorporated Feb. 28, 1854.
Present number of corporators, 32.
•George R. H a m a n t , President.
C h ar le s E. B a t c h e l l e r , Treasurer.
C h ar les E. B a t c h e l l e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
G eorge R. H a m a n t ,
A lbert H . F oster ,
S u m n e r H o lm es ,
E . A ll e n H a r w o o d .
«Open for business every business day except Saturdays, 9 a .m . to 1 p . m . ; 2 to 4 p .m . ;
Saturdays, 9 a .m . to 12 m .
B
a l a n c e
S
h e e t
O
c t
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
.
31, 1902.
L ia b il it ie s .
$56,000
1,400
600
119,000
25,000
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$605,406 92
39,500 00
33,779 58
4,125 06
8,000 00
46,314 00
411,215 00
1,000
11,088
132
3,062
00
32
08
16
$682,811 56
$682,811 56
Cash on Deposit in Banks, amount in each : —
Freemans National Bank, B o s t o n , ............................................................$4,913 97
First National Bank, Worcester,....................................................................
6,174 35
Loan on Bank Stock: —
8
shares Ware National Bank, W a re,.........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600 00
No. 8.]
447
SAVINGS BANK COMMISSIONERS.
Worth Brookfield Savings Bank— Continued.
D etailed Statem ent o f Public F u n d s .
Par Value.
County
City of
of
of
of
of
of
of
of Aroostook, Me., 4£s,
Canton, Ohio, 5 s,.
Cleveland, Ohio, 5s, .
Dayton, Ohio, 5s,.
Kansas City, Mo., 4£s,
Providence, R. I., 5s, .
Salem, Mass., 5 s,.
Stamford, Conn , 4 s , .
*
Estimated
Market Value.
$7,595
10,600
1,060
21,070
11,050
4,210
2,040
4,370
$7,000
10,000
1,000
18,000
10,000
4.000
2.000
4,000
$56,000
00
00
00
00
00
00
00
00
$61,995 00
Amount Invested.
$7,000
10,000
1,000
18,000
10,000
4.000
2.000
4,000
00
00
00*
00
00
00
00
00
$56,000 00
A legal investment when made.
D etailed Statem ent o f B an k Stocks.
No. of
Shares.
\
10
4
Par Value.
Eliot National Bank, Boston, .
Ware National Bank, Ware, .
Estimated
Market Value.
Amount Invested.
$1,000
400
$1,660 00
420 00
$1,000 00
400 00
$1,400
$2,080 00
$1,400 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Maine Central R.R. 4s,
Maine Central R.R 7s,
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4 d s , ..................................
Upper Coos R.R. 4£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$7,000
$7,402 50
$7,000 00
5,000
20,000
15,000
27,000
5,000
15,000
5,000
5,487
22,350
16,087
29,160
5,175
18,975
5,450
5,000
20,000
15,000
27,000
5,000
15,000
5,000
10,000
10,000
12,000 00
11,550 00
$119,000
50
00
50
00
00
00
00
00
00
00
00
00
00
00
10,000 00
10,000 00
$133,637 50 $119,000 00
448
REPORT OF THE
[Pub. Doc.
North Brookfield Savings Bank— Concluded.
B oston T erm inal C om pany Bonds.
Par Value.
Boston Terminal Company 3£s,
$25,000
Estimated
Market Value.
Amount Invested.
$28,875 00
$25,000 00
Total A m ou nt o f L oa n s , w ith Each Specified Rate o f Interest.
Amount.
Rate.
Amount.
Rate.
. $11,088 32
1,000 00
2 per cent.
4
$148,500 00
262,715 00
5 per cent.
“
Amount.
$600 00
Rate.
6 per cent.
Amount invested in real estate for banking purposes....................................
$ 8,000 00
Estimated value o f the s a m e , ....................................................................
10,000 00
Assessed value of the s a m e ,.............................................................................
10,000 00
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,......................................................................................................
46,314 00
Assessed value of the s a m e ,.............................................................................
45,975 00
Number of loans which are of an amount not exceeding $3,000 each, 352
Aggregate amount of the s a m e , ....................................................................
321,640 00
Total number of loans upon real e s t a t e , ...........................................373
Amount of investments from which no income is recei ved, . . . .
16,657 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 9 0 2 , ............................................................
37,349 86
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable January 3 and July 3.
Rate and amount of each semi-annual dividend f 2 per cent., $15,165 70 1
28,035 56
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
12,869 86 J
Number of accounts opened during the year ending Oct. 31, 1902,
. 151
Number of accounts closed during the year ending Oct. 31, 1902,
. 623
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,178
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
1,889 63
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
57,351 80
Number of s a m e , ....................................................................................929
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
257,038 47
Number of s a m e , .............................................................................2,311
Date of examination by commissioner: February 13.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
449
N O R TH E A STO N S A V IN G S B A N K — NO R TH EA STO N .
Incorporated Feb. 8, 1864. Present number of corporators, 21.
W il l ia m
H.
A m es,
President.
R.
•
Chester
F ie l d ,
C h e s t e r R . F ie l d ,
Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
Cyrus L othro p,
G eorge
W . K.
H. W .
G ow ard,
W il l ia m
W.
K ennedy,
F rench,
H . A m es.
Open for business every business day, 9 a . m . to 12 m . ; 1.30 to 3 p . m . ; Saturdays,
9 a . m . to 12 m .
B a l a n c e S h e e t O c t . 3 1 , 1 90 2 .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, . . . .
L ia b il it ie s .
$68,085
60,834
236,139
5,276
5,443
496,111
469,000
48
35
78
88
39
88
00
10,000
36,295
15,062
159
1,006
00
12
14
34
28
$1,403,414 64
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$1,326,288 32
64,813 51
12,312 81
$1,403,414 64
Cash on Deposit in Banks, amount in each : —
National Shawmut Bank, B o s t o n , ............................................................$36,295 12
First National Bank of Easton, North E a ston ,...........................................
15,062 14
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
450
REPORT OF THE
[Pub. Doc
North Easton Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Columbus, Ohio, 4s,
of Malden, Mass., 4s,
Town of Marlborough, Mass., 4s, .
of Montague, Mass., 4s,
of Randolph, Mass., 4 s ,.
North Easton, Mass. (Village Dis
trict), 4s, .
*
Estimated
Market Value.
00
18
25
50
00
Amount Invested.
$6,000
5,550
1,000
10,000
15,000
$6,075
5,788
1,061
10,137
15,825
30,000
32,325 00
30,225 00
$67,550
$71,211 93
$68,085 48
$6,000
5,860
1,000
10,000
15,000
00*
48
00
00
00
A legal investment when made.
I
No. of
Shares.
Detailed Statement o f Bank Stocks.
25
25
16
25
63
25
40
25
34
12
75
66
100
38
7
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Manufacturers N’l B’k,Boston,
N’l B'k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston,
New England N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank Boston, .
Neponset Nat’ l Bank, Canton,
National City Bank, Lynn,
First National Bank of Easton,
North Easton,
Bristol County National Bank,
Taunton,
.
.
.
.
Taunton Nat’l Bank, Taunton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,500
2,500
1,600
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
>00
00
00
00
00
00
$3,150 00
2,878 13
2,400 00
4,000
2,500
3,400
600
7,500
6,600
$3,250
2,875
2,400
50
10,710
25
9,400
3,925
5,168
60
7,500
9,900
10,000
12,000 00
10,500 00
3,800
700
4,560 00
805 00
4,560 00
920 50
$52,000
$72,628 00
$60,834 35
_
6,300
_
7,289 00
_
6,000 00
3,325 00
4,580 00
312 50
6,636 42
8,282 80
No. 8.]
SAVINGS BANK COMMISSIONERS.
451
North Easton Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3ès,
Boston & Maine R.R. 4^s,
Chic., Burlington & Quincy R.R. 3£s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R g^s, .
.
.
.
Fitchburg R.R. 4s, •
Fitchburg R.R. 5s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
New York, New Haven & Hartford
R.R. 3ès...........................................
Old Colony R.R. 4s, .
Old Colony R.R. 4is,
Portland & Rumford Falls R.R. 4 s,.
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
Estimated
Market Value.
Amount Invested.
$31,000
20,000
10,000
35,000
20,000
10,000
15,000
5,000
5,000
10,000
15,000
10,000
$31,637
20,275
12,450
34,650
21,550
.10,150
15,687
5,375
4,000
8,700
14,775
11,000
50
00
00
00
00
00
50
00
00
00
00
00
$31,000
20,748
12,736
36,314
20,029
10,402
14,792
5,000
5,207
8,989
15,339
11,386
00
61
25
45
45
75
22
00
50
17
80
11
20,000
5,000
1,000
5,000
20,600
5,600
1,010
5,387
00
00
00
50
21,180
5,000
1,000
5,278
14
00
00
61
10,000
11,000 00
$227,000
11,734 72
$233,847 50 $236,139 78
Boston Terminal Company Bonds.
Estimated
Market Value.
Boston Terminal Company 3is,
$5,000
$5,775 00
$5,276 88
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$36,295
10,000
37,500
252,100
Kate.
12
00
00
00
2 per cent.
3|
“
4
“
4è
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
Amount.
$25,000
15.000
470,800
10.000
Rate.
00
00
00
00
4§ per cent.
4a
-
5
5|
«
Amount.
$32,378 46
8,000 00
114,333 42
Kate.
5£ per cent.
5|
“
6
452
REPORT OF THE
[Pub. Doc.
North Easton Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$5,443 39
Assessed value of the s a m e ,.............................................................................
4,050 00
Number of loans which are of an amount not exceeding $3,000 each, 229
Aggregate amount of the s a m e , ....................................................................
233,661 88
Total number of loans upon real e s t a t e , ...........................................273
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
59,999 56
Times for the dividends fixed by the by-laws: April 15 and October 15;
payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $24,476 98 ) ^ ggg ^
during the year ending Oct. 31, 1902,
.
i 2 per cent.,
25,123 14 J
Number of accounts opened during the year ending Oct. 31,1902,
391
Number of accounts closed during the year ending Oct. 31, 1902,
213
Total number of open accounts Oct. 31, 1902,
.
.
.
.
3,037
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,251 08
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902.........................................................................................
206,599 58
Number of s a m e , .............................................................................2,069
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
183,356 22
Number of s a m e , .............................................................................1,511
Date of examination by commissioner: May 8.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
453
SAYINGS BANK COMMISSIONERS.
N O R TH EN D S A V IN G S B A N K — BOSTON.
Incorporated Feb. 17,1870.
C l in t o n Y i l e s ,
Present number of corporators, 24.
President.
W il l ia m
C . W il l ia m s o n ,
F r a n k E. B u x t o n , Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C harles
E.
W ig g in ,
W il l ia m
G.
E.
S h il l a b e r ,
C l in t o n Y i l e s ,
I ncrease
L.
J o s ia h W . H a y d e n ,
F o ster M o rse,
N o yes,
H e n r y B . R ic e .
Open for business every business day, 9 a . m . to 2 p . m . ; also Saturdays, for deposits
o n ly , u n t il 8 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .
L ia b il it ie s .
$61,600
99,150
2.500
419,910
1.500
218,995
15,006
2,130,299
760,955
00
06
00
74
00
00
89
07
13
104,620
734
124,000
3,549
3,829
00
73
00
10
55
$3,946,650 27
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$3,752,995 16
107,000 00
32,461 48
49,850 63
4,343 00
$3,946,650 27
Cash on Deposit in Banks, amount in each : —
Metropolitan National Bank, Boston,............................................................$44,000 00
National Bank of Redemption, B o s t o n , ...................................................
25,000
National Bank of the Republic, B o s t o n , ...................................................
25,000
Puritan Trust Company, B o s t o n , ............................................................
15,000
United States Trust Company, B o s t o n , ...................................................
15,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
[Pub. Doc.
REPORT OF THE
454
N o rth E n d Savings B ank — Continued.
Loan on Bank Stock : —
40 shares Winnisimmet National Bank, C h e l s e a , .................................. $2,500 00
Loan on Railroad Stock: —
9
shares Boston & Albany R . R . , ........................................................$1,500 00
Detailed Statement o f Public Funds.
Par Value.
City of Haverhill, Mass., 4s, .
of Rockford, 111., 4£s,
of Springfield, Mass., 3£s,
Mansfield, Mass. (Water District) ,4s,
Estimated
Market Value.
$13,500
29,900
8,200
10,000
$14,006
31,245
8,200
10,850
25
50
00
00
$61,600
$64,301 75
Amount Invested.
$13,500
29,900
8,200
10,000
00
00
00
00
$61,600 00
Detailed Statement o f Bank Stocks.
V. wj
° £
6§
55 Atlas National Bank, Boston, .
38 Eliot National Rank, Boston, .
2 Faneuil Hall N’l B’k, Boston, .
20 First National Bank, Boston, .
31 Freemans Nat’l Bank, Boston,
25 Merchants Nat’l Bank, Boston,
100 Metropolitan Nat’l B’k, Boston,
50 N’l Bank of Commerce, Boston,
50 N’l B’k of Redemption, Boston,
75 National City Bank, Boston, .
55 Nat’ l Shawmut Bank, Boston,.
6 National Union Bank, Boston,
104 Nat’l Webster Bank, Boston, .
106 New England N’l B’k, Boston,
2 Old Boston N’l Bank, Boston,.
25 Second National Bank, Boston,
22 State National Bank, Boston, .
12 Suffolk National Bank, Boston,
50 Third National Bank, Boston,.
13 Tremont Nat’l Bank, Boston, ,
70 First National Bank, Chelsea,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$5,500
3,800
200
2,000
3,100
2,500
10,000
5,000
5,000
-
5,500
600
10,400
10,600
200
2,500
2,200
_
_
650
7,000
$6,325
6,308
274
3,540
3,410
4,775
10,700
7,500
8,500
75
12,925
1,020
12,272
16,642
222
4,725
3,344
72
1,100
65
7,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$76,750 $110,794 00
$6,412
4,504
270
3,970
3,052
3,803
10,522
5,911
6,306
409
9,500
847
11,006
16,571
243
4,005
2,893
25
37
50
00
00
25
50
37
00
62
00
50
75
50
62
50
79
-
121 99
1,030 13
7,767 42
$99,150 06
No. 8.]
455
SAVINGS BANK COMMISSIONERS.
North End Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 3£s,
Chic., Burlington & Quincy R.R. 3às,
Concord & Montreal R.R. 4s, .
Erie & Pittsburgh R.R 3ès,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
,
New York Central & Hudson River
R.R. 7 s,.
.
.
.
Penobscot Shore Line R.R. 4s,
Troy & Boston R.R. 7s, .
Upper Coos R.R. 4s,
. . .
$25,000
50,000
12,000
20,000
95,000
20,000
25,000
25,000
Estimated
Market Value.
$25,687
49,250
13,140
20,450
104,537
21,650
21,562
24,625
50
00
00
00
50
00
50
00
Amount Invested.
$25,000
50,000
12,000
20,831
95,000
20,000
22,062
25,000
00
00
00
24
00
00
50
00
25,000
28,312 50
28,415 92
25,000
40,000
20,000
25,000
25,062
42,800
30,600
27,000
25,371
40,819
30,660
24,750
50
00
00
00
42
00
66
00
$407,000 $434,677 50 $419,910 74
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3^s,
i
$205,000
Estimated
Market Value.
$236,775 00
Amount Invested.
$218,995 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$109,000
15.000
25.000
6,000
10.000
30,000
8,000
Rate.
00
00
00
00
00
00
00
2£ per cent.
3
“
3i
“
H
“
3.57¿ “
3.60 “
3.65 “
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$5,000
2,500
2,000
404,670
120,000
754,887
52,500
Rate.
00
00
00
00
00
11
00
Amount.
Rate.
3.70 percent. $1,335,220 46 5 per cent.
3.80
70.000 00 5|
“
27,350 00 H
3.90
“
“
4
“
116,246 08 6
4£
“
30.000 00 6à
“
1,235 28 7
4è
4|
“
456
REPORT OF THE
[Pub. Doc.
North End Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the same, .............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 255
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................452
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2 ,.............................................................................
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend f If per cent., $57,361 74 1
during the year ending Oct. 31,1902, .
. 1 If per cent., 59,456 26 1
Number of accounts opened during the year ending Oct. 31, 1902,
1,757
Number of accounts closed during the year ending Oct. 31, 1902,
1,111
Total number of open accounts Oct. 31, 1902,
. . .
.
.
9,196
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
Number of s a m e , .............................................................................12,662
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1902......................................................................................................
Number of s a m e , ......................................................................................9,335
Date of examination by commissioner: February 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,006 80
19,290 00
431,573 62
166,211 29
^ g g^g
qq
11,753 40
991,205 14
840,689 65
No. 8 .]
457'
SAYINGS BANK COMMISSIONERS.
WORTH M ID D L E S E X S A V IN G S B A N K - A Y E R .
Incorporated March 11, 1885.
Present number of corporators, 24.
B en ja m in H . H a r t w e l l , President.
Sar ah T . T uten , Treasurer*
E d w a r d A. R ich ard so n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
B e n ja m in H . H a r t w e l l ,
O l iv e r K . P ie r c e ,
E d w in L . W h it e ,
P eter T a r b e l l ,
F r a n k A. P a tc h .
Open for business every business day except Saturdays, 9 to 11 a . m . ; 12.30 to 3 p .m .
Saturdays, 8 a . m . to 1 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate (for banking purposes), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Bank liquidation account,.
Taxes and improvement on real
estate.........................................
Tax account,
. . . .
Premium account,
Cash on hand...............................
L ia b il it ie s .
$15,000
14,049
19,389
167,850
2,000
40,637
00
71
90
00
00
50
35,000
4,400
470,012
124,738
00
00
42
83
55,500
300
17,000
540
657
669
00
00
00
35
91
44
539
369
7,500
202
62
00
00
05
$976,356 73
Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,
Rent account, .
Due on mortgage
loans, .
$921,451
18,450
9,023
21,648
877
87
00
88
04
20
4,905 74
$976,356 73
Cash on Deposit in Banks, amount in each : —
First National Bank, A y e r , .................................................................... $13,527 31
National Shawmut Bank, B o s t o n , ............................................................
4,013 04
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
458
N orth M id d le s e x Savings B a n k — Continued.
Loans on Bank Stock, amount on each : —
18 shares First National Bank, A y e
171 shares First National Bank, A y e
8 shares First National Bank, A y
5 shares First National Bank, A y e
5 shares First National Bank, A y e
10 shares National Exchange Bank,
r , ............................................................ $1,789
r , ...................................................
15,000
800
e r , ...............................................
r , ...................................................
500
r , ...................................................
300
B o s t o n ,.......................................
1,000
90
00.
00
00
00
00
Loan on Railroad Stock: —
25 shares Vermont & Massachusetts R .R .......................................................$2,000 00*
*
This loan is. illegal and will be eliminated.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
■City of Marlborough, Mass., 4s,
Town of Walpole, Mass., 4s, .
Estimated
Market Value.
Amount Invested.
$5,000
5.000
5.000
$5,475 00
5,586 00
5,554 00
$5,000 00
5.000 00
5.000 00
$15,000
$16,615 00
$15,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
40
6
5
15
10
10
5
15
20
Par Value.
First National Bank, Ayer,
Blackstone Nat’l Bank, Boston,
Commercial N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Nat’l Shawmut Bank, Boston,
Peoples Nat’ l Bank, Boston, .
State National Bank, Boston, .
Prescott Nat’l Bank, Lowell, .
$4,000
138
500
_
1,000
1,000
500
1,500
2,000
$10,638
Estimated
Market Value.
$6,000
36
675
75
1,660
2,350
600
2,280
2,200
Amount Invested.
00
00
00
00
00
00
00
00
00
$4,247 25
$15,876 00
$14,049 71
—
970 00
—
1,355
1,500
840
2,127
3,010
00
00
00
46
00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R.
4 d s , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$5,000
15,000
$5,606 00
18,900 00
$5,000 00
15,000 00
5,000
5,800 00
5,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
459
Worth Middlesex Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Chic., Burlington & Quincy R.R. 34s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 34s, .
Concord & Montreal R R. 4s, .
Erie & Pittsburgh R.R. 34s,
Fitchburg R.R. 34s, .
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 44s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 34s, .
Illinois Central R.R. 4s, .
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York, New Haven & Hartford
R.R. 3ès..........................................
Old Colony R.R. 4 s ,.
$12,000
10,000
15,000
8,000
5,000
15,000
16,000
5,000
12,000
10,000
10,000
5,000
10,000
Estimated
$12,000
10,800
15,562
8,760
5,175
15,356
17,717
5,600
12,481
8,850
10,025
5,593
00
00
50
00
00
00
00
00
00
00
00
00
$12,000
10,000
15,000
8,000
5,000
15,000
16,000
5,000
12,000
8,850
10,000
5,000
12,487 00
5,000
6,000
$169,000
Amount Invested.
Market Value.
10,000 00
5,187 00
6,802 00 f
$182,701 50
00
00
00
00
00
00
00
00
00
00
00
00
5,000 00
6,000 00
$167,850 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 34s,
$35,000
Estimated
Amount Invested.
Market Value.
$40,425 00
$40,637 50
Total Amount o f Loans, with Each Specified Rate o f Interest.
'
Amount.
$17,000
19.000
23.000
67,994
Rate.
00
00
00
71
2 per cent.
3j
;;
4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
Amount.
$20,000 00
20,900 00
389,808 66
Rate.
4¿ per cent.
H
“
5
“
»
Amount.
$25,457 55
100,826 40
4,953 83
Rate.
54 per cent.
6
8
“
REPORT OF THE
460
[Pub. Doc.
North Middlesex Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................. $35,000 00
Estimated value of the s a m e , ....................................................................
35,500 00
Assessed value of the s a m e ,.............................................................................
26,432 00
Net income received from same during year ending Oct. 31,1902,
.
.
884 65
Value, by books, of other real estate, held or owned by foreclosure or
otherwise...........................................................................................................
4,400 00
Assessed value of the s a m e ,.............................................................................
4,475 00
Number of loans which are of an amount not exceeding $3,000 each, 351
Aggregate amount of the s a m e , ....................................................................
380,249 82
Total number of loans upon real e s t a t e , ...........................................324
Amount of investments from which no income is received,
.
.
.
10,500 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
41,759 27
Times for the dividends fixed by the by-laws: January 5 and July 5;
payable on same days.
Rate and amount of each semi-annual dividend 11| per cent., $14,425 23 j
¡¿g 194 33
during the year ending Oct. 31, 1902,
.
I 1| per cent., 14,769 60 )
Number of accounts opened during the year ending Oct. 31, 1902,
. 521
Number of accounts closed during the year ending Oct. 31, 1902,
. 361
Total number of open accounts Oct. 31, 1902,
.
. . .
3,453
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taa^es),
.....................................................................................
1,745 54
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2,.....................................................................................
204,461 72
Number of s a m e , .............................................................................3,198
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , .............................................................................................
180,376 95
Number of s a m e , .............................................................................2,172
Date of examination by commissioner: January 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
461
SAYINGS BANK COMMISSIONERS
O R ANG E S A V IN G S B A N K — O R A N G E .
Incorporated March 30, 1871.
J ohn W . W
Present number of corporators, 24.
G eorge W . A n d r e w s , Treasurer.
G eorge W . A n d r e w s , Clerk o f the Corporation.
heeler,
President.
Names of committee charged with the investment of its funds:
F . L. W a t e r s ,
A . W . B a ll o u ,
C. A . T o w n e ,
G eorge W . A n d r e w s .
Open for business every business day, 9 a . m . to 3 p . m
.
B a l a n c e S h e e t Oct. 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), . . .
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Cash on hand, . . . .
$96,300
35,250
2,500
189,000
10,000
00
00
00
00
00
6,419
19,639
775,302
96,580
61
44
50
00
51,325
39,527
3,000
571
3,900
2,600
00
12
00
20
00
68
$1,331,915 55
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,238,596 99
44,450 00
4,141 23
44,727 33
$1,331,915 55
Cash on Deposit in Banks, amount in each: —
..................................................................... $10,000 00
Athol National Bank, Athol,
Franklin County National Bank, G r e e n fie ld ,...........................................
12,848 07
Orange National Bank, O range,....................................................................
19,679 05
Loan on Bank Stock: —
30 shares Home National Bank, H o l y o k e , ...........................................$2,500 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
462
[Pub. Doc.
REPORT OF THE
Orange Savings B ank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass., 3£s,
of Brockton, Mass., 4s,
of Gardiner, Me., 4s,
of Laconia, N. H., 4s,
of Malden, Mass., 4s,
of Manchester, N. H., 4s,.
of Melrose, Mass., 4s,
of Meriden, Conn., 4s,
of New Britain, Conn., 4s,
of Newton, Mass., 4s,
of Rockford, 111., 4£s,
of Somerville, Mass., 4s, .
of Worcester, Mass., 4s, .
Town of Belmont, Mass , 4 s , .
of Leominster, Mass., 4s,
of Plainfield, Conn., 4 s,.
of Watertown, Mass., 3£s,
of Westfield, Mass., 3£s,
$5,000
5,000
6,000
1,000
5,000
15,000
5,000
5,000
5,000
5,000
5,000
3,000
5,000
1,000
7,300
3,000
7,000
8,000
Estimated
Market Value.
$5,250
5,397
6,000
1,080
5,575
15,768
5,375
5,256
5,550
5,737
5,300
3,037
5,200
1,035
7,373
3,217
7,448
8,325
00
50
00
00
00
75
00
25
00
50
00
50
00
00
00
50
75
00
$96,300 $101,926 75
Amount Invested.
$5,000
5,000
6,000
1,000
5,000
15,000
5,000
5,000
5,000
5,000
5,000
3,000
5,000
1,000
7,300
3,000
7,000
8,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$96,300 00
Detailed Statement o f Bank Stocks.
O
.$
u
C &
^ 55
6 Miller’s River N’l B’k, Athol, .
15 Atlas National Bank, Boston, .
5 Boylston Nat’l Bank, Boston, .
3 Central National Bank, Boston,
65 Eliot National Bank, Boston, .
20 First Ward N’l Bank, Boston,.
20 Manufacturers N’l B’k, Boston,
16 National Webster B’k, Boston,
15 Tremont Nat’l Bank, Boston, .
10 First National Bank, Chelsea,,
39 First National Bank, Gardner,
43 Franklin County Nat’l Bank,
Greenfield, .
.
.
.
100 Orange Nat’l Bank, Orange, .
10 First Nat’l Bank, Springfield,
10 Third Nat’l Bank, Springfield,
3 Union Market National Bank,
Watertown, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Par Value.
Market Value.
Amount Invested.
$600
1,500
500
300
6,500
2,000
_
1,600
750
1,000
3,900
$990
1,725
550
375
10,790
3,200
40
1,888
75
1,000
4,290
00
00
00
00
00
00
00
00
00
00
00
$600
1,500
500
300
6,500
2,000
00
00
00
00
00
00
1,600
750
1,000
3,900
00
00
00
00
4,300
10,000
1,000
1,000
4,472
17,000
1,050
2,200
00
00
00
00
4,300
10,000
1,000
1,000
00
00
00
00
-
300
420 00
300 00
$35,250
$50,065 00
$35,250 00
f'
No. 8.]
SAYINGS BANK COMMISSIONERS.
463
Orange Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4ès,
Boston, Revere Beach & Lynn R.R.
4 | s , ..................................
Chic., Burlington & Quincy R.R. 8¿s,
Fitchburg R.R. 3às, .
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3 ¿s,.
New York, New Haven & Hartford
R.R. Sis,
..................................
New York, New Haven & Hartford
R.R. 4 s ,..................................
Old Colony R.R. 4s, .
Old Colony R.R. 4¿s,
Plainview R.R. 7s, .
Estimated
Market Value.
Amount Invested.
$ 10,000
19,000
5,000
10,000
$10,600
19,940
5,662
12,500
00
00
50
00
$10,000
19,000
5,000
10,000
00
00
00
00
10,000
40,000
5,000
17,000
2,000
5,000
36,000
11,500
39,800
5,062
17,800
2,030
4,750
35,640
00
00
50
00
00
00
00
10,000
40,000
5,000
17,000
2,000
5,000
36,000
00
00
00
00
00
00
00
5,000
5,000
17,000
1,000
2,000
$189,000
5,100 00
5,712
18,587
1,012
2,340
50
50
50
00
5,000 00
5,000
17,000
1,000
2,000
00
00
00
00
$198,037 50 $189,000 00
Bòston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$10,000
Estimated
Market Value.
$11,550 00
Amount Invested.
$10,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
*1,679
27,848
15,000
79,575
Rate.
05
07
00
00
2 per cent.
3
3h
“
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$25,000 00
49,625 00
43,780 00
Rate.
Amount.
44 per cent.
H
“
4|
“
$706,878 50
8,300 00
7,549 00
Rate.
5 per cent.
5¿
“
6
“
464
REPORT OF THE
[Pub. Doc.
Orange Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................. $6,419 61
Estimated value of the s a m e , ....................................................................
6,500 00
Assessed value of the same................................................................................ 6,‘200 00
Value, by books, of other real estate, held or owned by foreclosure or
o th e rw is e ,......................................................................................................
19,639 44
Assessed value of the s a m e ,.............................................................................
16,395 00
Net income received from same during year ending Oct. 31, 1902,
.
.
394 72
Number of loans which are of an amount not exceeding $3,000 each, 288
Aggregate amount of the s a m e , ....................................................................
306,562 50
Total number of loans upon real e s t a t e , ...........................................320
Amount of investments from which no income is received,
.
.
.
4,500 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
60,260 33
Times for the dividends fixed by the by-laws: last Wednesday in January
and Ju ly; payable February 1 and August 1.
Kate and amount of each semi-annual dividend f 1| per cent., $20,454 62 ) ^ qq^
during the year ending Oct. 31, 1902,
.
I 1| per cent., 20,553 13 J
’
Number of accounts opened during the year ending Oct. 31, 1902,
. 451
Number of accounts closed during the year ending Oct. 31, 1902,
. 378
Total number of open accounts Oct. 31,1902,
.
.
.
.
4,356
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
2,94625
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
174,897 83
Number of s a m e , ............................................................................ 2,919
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1902......................................................................................................
192,826 39
Number of s a m e , ............................................................................ 2,594
Date of examination by commissioner: January 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
465
P A LM E R SA V IN G S B A N K — P A L M E R .
Incorporated March 4, 1870.
Present number of corporators, 61.
H e n r y G. L oomis , President.
C h ar les L . W
W il l ia m W . L e a c h , Clerk o f the Corporation.
a id ,
Treasurer.
Names of committee charged with the investment of its funds :
H e n r y G. L oomis ,
W . E. S to n e ,
W
il l ia m
H olbrook ,
E. G. H astin g s ,
C. H . H obbs .
Open for business every business day except Saturdays, 9 a . m . to 3 p .m . ; Saturdays,
9 a . m . to 12 m . ; also Fridays, 7.30 to 9 p .m .
B a l a n c e S h e e t O c t . 31, 1902.
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Interest accrued,
Cash on hand, .
. . .
L ia b il it ie s .
$272,000
25,700
4,700
310,625
00
00
00
00
14,000
34,543
1,079,367
203,196
00
99
00
00
4,750
788
60,296
1,161
806
5,364
00
00
52
07
30
54
$2,017,298 42
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Real estate income
account,
Income safe deposit
boxes, .
$1,936,283 61
66,500 00
4,984 18
8,765 95
678 43
86 25
$2,017,298 42
Cash on Deposit in Banks, amount in each : —
Palmer National Bank, P alm er,.................................................................... $7,503 49
Agawam National Bank, Springfield,............................................................
15,454
City National Bank, Springfield,....................................................................
17,026
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
10,312
Taunton Safe Deposit and Trust Company, Taunton,
.
.
.
.
10,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
19
83
01
00
[Pub. Doc.
REPORT OF THE
466
Palmer Savings B an k — Continued.
Loans on Bank Stock, amount on each: —
10 shares Palmer National Bank, Palmer, .
34 shares Palmer National Bank, Palmer, .
3_shares Palmer National Bank, Palmer, .
$
1,000 00
3,400 00
300 00
Detailed Statement o f Public Funds.
Par Value.
City of Akron, Ohio, 4s, .
of Allegheny, Pa., 4s,
of Altoona, Pa., 4s, .
of Boston, Mass., 4s,
of Dubuque, Iowa, 4s,
of Fitchburg, Mass., 4s, .
of Kansas City, Mo., 44s,.
of Lawrence, Mass., 4s, .
of Malden, Mass., 4s,
of Milwaukee, Wis., 34s, .
of Peoria, 111.. 44s, .
of Rockford, 111., 44s,
of St. Joseph, Mo., 34s, .
of Taunton, Mass., 4s,
of Waltham, Mass., 34s, .
of Waterbury, Conn., 4 s,.
Town of Monson, Mass., 4s,
$20,000
8,000
5,000
25,000
15,000
6,000
30,000
40,000
10,000
15,000
3,000
5,000
25,000
14,000
31,000
10,000
10,000
Estimated
Market Value.
$21,185 00
8,340 00
5,475 00
27,805 00
15,800 00
6,630 00
33,285 00
41,400 00
10,275 00
15,230 00
3,135 00
5,200 00
25,270 00
15,470 00
31,830 00
10,675 00
10,640 00
Amount Invested.
$20,000 00
8,000 00
5,000 00
25,000 00
15,000 00
6,000 00
30,000 00
40,000 00
10,000 00
15,000 00
3,000 00*
5,000 00
25,000 00
14,000 00
31,000 00
10,000 00
10,000 00
$272,000 $287,645 00 $272,000 00
*A
legal investment when made.
Ko. of
Shares.
Detailed Statement o f Bank Stocks.
33
116
31
50
20
7
Par Value.
Monson Nat’l Bank, Monson, .
Palmer Nat’l Bank, Palmer, .
Agawam N’l B’k, Springfield, .
Chapin Nat’l B'k, Springfield,
Springfield Safe Deposit and
Trust Co., Springfield,.
Ware National Bank, Ware, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,300
11,600
3,100
5,000
Estimated
Market Value.
$4,125
11,600
2,790
6,000
00
00
00
00
Amount Invested.
$3,300
11,600
3,100
5,000
00
00
00
00
2,000
700
3,000 00
735 00
2,000 00
700 00
$25,700
$28,250 00
$25,700 00
No. 8.]
467
SAYINGS BANK COMMISSIONERS.
P a lm e r Savings B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Beech Creek R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4¿s, .
.
.
.
Fitchburg R.R. 5s, .
Illinois Central R.R, 3s, .
Illinois Central R.R. 3 ¿s,.
Illinois Central R.R. 4s, .
Joliet & Northern Indiana R.R. 7 s ,.
Maine Central R.R. 7s,
New York, New Haven & Hartford
R.R. 3¿s,
..................................
Portland & Ogdensburg R.R. 5s,
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4¿s,
Estimated
Market Value.
Amount Invested.
$1,000
5,000
21,000
20,000
15,000
20,000
10,000
10,000
10,000
23,000
35,000
25,000
50,000
12,000
2,000
$1,070
5,500
23,020
20,216
18,650
19,735
10,300
10,815
11,025
23,835
30,187
24,604
55,190
13,620
2,555
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$1,000
5,000
21,000
20,000
15,000
20,000
10,000
10,000
10,000
23,000
31,625
25,000
50,000
12,000
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
10,000
35,000
5,000
5,000
10,315
37,750
5,250
5,660
00
00
00
00
10,000
35,000
5,000
5,000
00
00
00
00
$314,000
$329,297 00 $310,625 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$7,503 49
52,793 03
10,000 00
Rate.
Amount.
Rate.
2 per cent.
3
4
“
$41,750 00
42,000 00
1,019,773 00
4£ per cent.
4|
5
“
Amount.
$73,682 00
105,396 00
200 00
Rate.
5£ per cent.
6
“
6¿
“
Amount invested in real estate for banking purposes,........................... $14,000
00
Estimated value of the s a m e , ..........................................................
14,000
00
Assessed value of the sa m e,........................................
10,800 00
Net income received from same during year ending Oct. 31, 1902,
.
.
524 86
Value, by books, of other real estate, held or owned bv foreclosure or
o th e rw is e ,............................................................................................
34,543
99
Assessed value of the s a m e ,..................................................................
31,500
00
Net income received from same during year ending Oct. 31,1902,
.
.
258 55
Number of loans which are of an amount not exceeding $3,000 each, 471
Aggregate amount of the s a m e , ....................................................................
527,963 00
Total number of loans upon real e s t a t e , ...........................................562
Amount of investments from which no income is received,
.
.
.
3,100 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
468
REPORT OF THE
[Pub. Doc.
P a lm er Savin gs B a n k — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1902,
............................................................$88,946 44
Times for the dividends fixed by the by-laws; January 1 and July 1;
payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $35,135 31 |
^
during the year ending Oct. 31, 1902,
.
1 2 per cent.,
36,416 92 i
Number of accounts opened during the year ending Oct. 31,1902,
. 805
Number of accounts closed during the year ending Oct. 31,1902,
. 598
Total number of open accounts Oct. 31, 1902,
.
.
.
.
4,489
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
3,826
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
378,360
Number of s a m e , ............................................................................ 3,937
Amount of withdrawals, including dividends, during the y e a r ending
Oct. 31, 1 9 0 2 , ..............................................................................................
333,313
Number of s a m e , ............................................................................ 2,796
Date of examination by commissioner: April 3.
»'
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
23
66
15
66
No. 8.]
4G9
SAVINGS BANK COMMISSIONERS.
P E N T U C K E T SA V IN G S B A N K — H A V E R H IL L .
Incorporated March 27, 1891.
Present number of corporators, 15.
G eorge H . Car le t o n , President.
C h ar les S. T itcom b , Treasurer.
C h ar les S. T itcom b , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:
G eorge H . C arleto n ,
C h ar les H . H a v e s ,
T hom as L a h e y ,
O l iv e r T a y l o r ,
J. W . VlTTUM.
Open for business every business day except Saturdays, 9
days, 9 a . m . to 12.30 p .m .
a .m .
to 3 p . m . ; Satur
B a l a n c e S h e e t O c t . 31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Premium account,
Taxes, insurance, etc.,
Cash on hand, .
. . .
$16,600
10,000
10,900
14,400
112,990
25,000
It),000
2,884
348.029
263,875
00
00
00
00
00
00
00
00
00
00
2,000
1,025
18,225
17,582
627
6,750
328
1,291
00
00
25
48
34
00
74
89
$862,508 70
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Suspense account, .
Rent account, .
$846,686 19
10,920 00
2,023 97
1,051 67
1,710 97
115 90
$862,508 70
Cash on Deposit in Banks, amount in each : —
Beacon Trust Company, Boston,.................................................................... $18,225 25
Second National Bank, H a v e r h i l l , ...........................................................
17,582 48
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
470
REPORT OF THE
[Pub. Doc.
Pentucket Savings Bank — Continued.
Loan on Public Funds: —
$1,000 City of Somerville, Mass., 34s,.
1.000 City of Quincy, Mass., 34s,
6.000 Town of Jaffrey, N. H., 34s,
1.000 Town of Wallingford, Conn., 34s,
1.000 City of Sioux City, Iowa, 5s, .
i-
$10,000 00
II
J
Loans on Bank Stock, amount on each : —
40 shares Beacon Trust Company, Boston,............................................................ $2,500
60 shares Beacon Trust Company, Boston,...................................................
5,500
5 shares Merchants National Bank, H a v e r h i l l , ..................................
500
10 shares Merchants National Bank, H a v e r h i l l , ..................................
1,000
33 shares Merchants National Bank, Haverhill,
.
.
.
.
. j
27 shares Haverhill Safe Deposit and Trust Company, Haverhill, .
.\
00
00
00
00
Loan on Railroad Bonds : —
$30,000 Old Colony R.R. 3 4 s , .................................................................... $25,000 00
Detailed Statement o f Public Funds.
| Par Value.
City of
of
of
of
of
of
of
Barre, Vt., 4s,
Brockton, Mass., 4s,
Grand Rapids, Mich,, 44s,
Meriden, Conn., 4s,
New Britain, Conn., 4s,
Saginaw, Mich., 4s,
Taunton, Mass., 4s,
.
$1,000
1,600
2,000
3,000
5,000
3,000
1,000
$16,600
Estimated
Market Value.
$1,050
1,684
2,200
3,022
5,418
3,240
1,046
00
00
00
50
75
00
25
$17,661 50
Amount Invested.
$1,000
1,600
2,000
3,000
5,000
3,000
1,000
00
00
00
00
00
00
00
$16,600 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
35
25
32
7
10
Par Value.
Fourth National Bank, Boston,
N’l B’k of the Republic, Boston,
N’l B’k of Redemption, Boston,
State National Bank, Boston, .
First National Bank, Chelsea,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,500
2,500
3,200
700
1,000
$10,900
Estimated
Market Value.
$4,550
4,000
5,440
1,064
1,000
00
00
00
00
00
$16,054 00
Amount Invested
$3,500
2,500
3,200
700
1,000
00
00
00
00
00
$10,900 00
No. 8.]
SAVINGS BANK COMMISSIONERS.
471
Pentucket Savings Bank — Continued.
Detailed Statement of Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 7s,
Boston & Albany R.R. 3is,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4is,
Chic., Burlington & Quincy R.R. 3is,
Chic., Burlington & Quincy R.R. 4s,
Erie & Pittsburgh R.R 3£s,
Fitchburg R.R. S i s , .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3is, .
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
.•
.
Maine Central R.R. 4is, .
New York & New England R.R. 6s,
Ottumwa, Cedar Falls & St. P. R.R.
5s......................................................
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,
$1,000
5,000
8,000
2,000
4,000
12,000
10,000
15,000
5,000
5,000
10,000
10,500
2,000
Estimated
Market Value.
$1,092
5,200
8,627
2,265
5,000
11,940
10,300
15,150
5,062
5,500
8,500
10,395
2,220
50
00
50
00
00
00
00
00
50
00
00
00
00
Amount Invested.
$1,000
5,000
8,000
2,000
4,000
12,000
10,000
15,000
5,000
5,000
9,065
10,500
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
5,000
500
7,000
5,650 00
541 25
7,315 00
5,000 00
500 00
7,000 00
5,000
3,000
4,000
5,400 00
3,210 00
4,380 00
5,000 00
2,925 00
4,000 00
$112,990
$117,748 75
$112,990 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$10,000
Estimated
Market Value.
$11,550 00
Amount Invested.
$10,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
§18,225
116,375
15.000
20.000
25
00
00
00
Rate.
Amount.
Rate.
2i per cent.
4
4Ì
“
4f
»
$227,100 00
37,500 00
210,049 00
4£ per cent.
4|
5
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$20,000 00
9,100 00
9,205 00
Rate.
5| per cent.
5i
“
6
“
472
REPORT OF THE
[Pub. Doc.
Pentucket Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$2,884 00
Assessed value of the s a m e ,.............................................................................
4,500 00
Net income received from same during year ending Oct. 31, 1902,
.
.
115 90
Number of loans which are of an amount not exceeding $3,000 each, 121
Aggregate amount of the s a m e , ....................................................................
166,835 00
Total number of loans upon real e s t a t e , ...........................................137
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
34,317 70
Times for the dividends fixed by the by-laws : February 1 and August 1;
payable first Wednesday in February and August.
Rate and amount of each semi-annual dividend f 1| per cent., $12,838 53 ) ^g 937 75
during the year ending Oct. 31, 1902,
.
1 I f per cent., 13,399 23 J
Number of accounts opened during theyearending Oct. 31, 1902,
. 537
Number of accounts closed duringthe year ending Oct. 31, 1902,
. 252
Total number of open accounts Oct. 31, 1902,
.
.
.
.
2,221
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
..................................................................................... 2,196 18
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
215,073 28
Number of s a m e , .......................................................................2,842
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
162,405 12
Number of s a m e , ...................................................................... 2,020
Date of examination by commissioner: June 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
473
PE O P LE ’S S A V IN G S B A N K — BROCKTON.
Incorporated Feb. 8, 1895.
W
il l ia m
Present number of corporators, 41.
L. D o uglas , President.
A ugustus T. Jones , Treasurer.
J ohn S. K ent , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
W il l ia m L. D o uglas ,
E m ery M . L o w ,
F r e d . P. R ich m o n d ,
F ran cis B. G a r d n e r ,
E d w a r d B. M e l l e n .
Open for business every business day except Saturdays, 9 a . m . to 2 p .m . ; Saturdays,
9 a .m . to 12 m . ; and for deposits only, 7 to 8.30 p . m .
B
a l a n c e
S
h e e t
O
c t
31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad bonds, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Suspense account,
Furniture and fixtures,
.
Cash on hand, . . .
.
$124,140
3,200
182,500
100
15,000
5,850
483,764
145,100
00
00
00
00
00
00
00
00
34,774
40,629
659
17,810
228
1,523
2,978
92
37
79
15
94
25
88
Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,
$1,058,259 30
$1,040,207
9,141
4,702
4,207
12
89
38
91
$1,058,259 30
Cash on Deposit in Banks, amount in each : —
Brockton National Bank, B r o c k t o n ,............................................................$9,125 96
Home National Bank, B r o c k t o n , ............................................................14,751 66
Plymouth County Safe Deposit and Trust Company, Brockton,
.
.
16,75175
Loan on Railroad Bonds : —
$100 Maine Central R.R . 7 s , ....................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$100 00
[Pub. Doc.
REPORT OF THE
474
People’s Savings Bank, B r o c k to n — Continued.
Detailed Statement o f Public Funds.
Estimated
Par Value,
City of Akron, Ohio, 4s, .
of Akron, Ohio, 5s, .
of Brockton, Mass., 3<|s, .
of Brockton, Mass., 4s,
of Canton, Ohio, 4 s,.
of Dayton, Ohio, 3£s,
of Dubuque, Iowa, 5s,
of Indianapolis, Ind., 4s, .
of Joliet, 111., 5s,
of New Britain, Conn,, 4s,
of South Bend, Ind., 3<U, •
of South Bend, Ind., 4s, .
of St. Joseph, Mo., 3£s, .
Town of Provineetown, Mass., 4s, .
of Stoughton, Mass., 4s,
$26,600
6,500
25,000
10,000
5,040
6,000
5,000
2,000
10,000
4,000
5,000
5,000
10,000
2,000
2,000
Market Value.
$27,730 50
6,777 50
25,937 50
10,910 00
5,064 20
6,057 50
5,412 50
2,012 50
10,225 00
4,410 00
5,050 00
5,150 00
10,137 50
2,000 00
2,120 00
Amount invested.
$26,600 00
6,500 00
25,000 00
10,000 00
5,040 00
6,000 00
5,000 00
2,000 00
10,000 00
4,000 00
5,000 00
5,000 00
10,000 00
2,000 00
2,000 00
$124,140 $128,994 70 $124,140 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
9
34
13
10
Tar Value.
First National Bank, Boston, .
Suffolk National Bank, Boston,
Plymouth County Safe Deposit
& Trust Company, Brockton,
Brockton Nat’l Bank, Brockton,
Estimated
Market Value.
Amount Invested.
$1,593 00
204 00
$900 00
1,300
1,000
1,300 00
1,200 00
1,300 00
1,000 00
$3,200
$4,297 00
$3,200 00
$900
-
-
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R 3£s,
Dexter & Newport R.R. 4s,
Dexter & Piscataquis R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$27,000
1,000
2,000
21,000
7.000
5.000
Estimated
Market Value.
$28,890
1,130
2,100
20,737
7,420
5,475
00
00
00
50
00
00
Amount Invested.
$27,000
1,000
2,000
21,000
7.000
5.000
00
00
00
00
00
00
No. 8.]
475
SAVINGS BANK COMMISSIONERS.
People’s Savings Bank, Brockton — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Eastern R.R. 6s,
. . .
Fitchburg R.R. 3£s, .
.
.
.
Hannibal & St Joseph R.R. 6s,
Illinois Central R.R. 3és,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
Maine Central R.R. 4s,
Maine Central R.R. 5s,
Michigan Central R.R. 6s,
Milwaukee, Lake Shore & Western
R.R. 5 s,...........................................
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 3£s...........................................
Old Colony R.R. 4s............................
Old Colony R.R. 4£s,
Ottumwa, Cedar Falls & St. Paul
R.R. 5 s,...........................................
Rumford Falls & Rangeley Lakes
R.R. 5s.............................................
Estimated
Market Value.
Amount Invested.
$10,000
15,000
10,000
20,000
$10,800
15,225
11,600
19,700
00
00
00
00
$10,000
15,000
10,000
20,000
00
00
00
00
10,000
7,000
2,500
5,000
11,200
7,280
2,812
5,725
00
00
50
00
10,000
7,000
2,500
5,000
00
00
00
00
6,000
11,000
7,410 00
11,660 00
6,000 00
11,000 00
3,000
2,000
1,000
3,090 00
2,230 00
1,010 00
3,000 00
2,000 00
1,000 00
5,000
5,350 00
5,000 00
12,000
13,200 00
12,000 00
$182,500
$194,045 00 $182,500 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$15,000
Estimated
Market Value.
$17,325 00
Amount Invested
$15,000 00
Total Amount of Loans with Each Specified Rate o f Interest,
Amount.
$40,629 37
5,400 00
27,500 00
Kate.
2 per cent.
If ::
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Kate.
Amount.
Rate.
4 per cent.
$343,039 00
58,100 00
147,825 00
5 per cent.
5è
“
6
Amount.
$1,874 92
50.000 00
30.000 00
4é
4£
“
“
!
470
REPORT OF THE
[Pub. Doc.
People’s Savings Bank, Brockton — Concluded.
Value by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,................................................... ........
Number of loans which are of an amount not exceeding $3,000 each, 253
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................258
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 2 , ............................................................
Times for the dividends fixed by the by-laws : March 1 and September 1;
payable on Friday following first Tuesday in March and September.
Rate and amount of each semi-annual dividend f 1| per cent., $14,291 34 1
during the year ending Oct. 31, 1902,
.
1 1| per cent., 15,404 59 1
Number of accounts opened during the year ending Oct. 31, 1902,
1,775
Number of accounts closed during the year ending Oct. 31, 1902,
. 813
Total mimber of open accounts Oct. 31, 1902,
.
.
.
.
4,583
Total expenses of the corporation for the year ending Oct. 31, 1902 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1902, . . . " ............................................................
Number of s a m e , .............................................................................8,761
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 2 , ..............................................................................................
Number of same..................................................................................5,176
Date of examination by commissioner: May 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,850 00
6,275 00
332,238 92
46,310 10
29 695 93
’
4,394 53
481,953 20
345,422 71
No. 8.]
477
SAYINGS BANK COMMISSIONERS.
PEOPLES S A V IN G S B A N K — H O L Y O K E .
Incorporated March 19, 1885.
Present number of corporators, 42.
J ohn T il l e y , President.
F . H . C h a m b e r l in , Treasurer.
A. L. G r e e n , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
J. N. H u b b a r d ,
J. D. H a r d y ,
John T il l e y ,
J. A. Su l l iv a n ,
S. E . G ates .
Open for business every business day except Saturdays, 9 a .m . to 4 p .m .; Saturdays,
9 a .m . to 12 m . ; also Thursdays, 7 to 8 p .m .
B
a l a n c e
S
h e e t
O
c t
31, 1902.
L ia b il it ie s .
A ssets.
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
.
$31,020
15,650
160,000
75,000
773
760,882
254,425
2,930
58,421
2,562
50
00
00
00
91
00
50
00
85
55
$1,361,666 31
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,298,645 59
29,300 00
26,039 61
7,681 11
$1,361,666 31
Cash on Deposit in Banks, amount in each : —
Home National Bank, Holyoke, .
.
.
.
Hampshire County National Bank, Northampton,
Springfield National Bank, Springfield,
$28,421 85
15.000 00
15.000 00
Loans on Bank Stock, amount on each: —
10 shares
10 shares
11 shares
25 shares
Home
Home
Home
Home
National Bank,
National Bank,
National Bank,
National Bank,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Holyoke,
Holyoke,
Holyoke,
Holyoke,
.
.
.
.
$700 00
900 00
800 00
2,200 00
REPORT OF THE
478
[Pub. Doc.
Peoples Savings Bank, Holyoke — Continued.
15 shares Home National Bank, H olyoke,................................................... $1,400 00
50 shares City National Bank, H o ly o k e ,...................................................
4,000 00
2 shares City National Bank, H o l y o k e ,................................................... -j
2 shares Franklin County National Bank, Greenfield, .
.
.
. ¡2,850 00
30 shares City National Bank, H o l y o k e , ................................................... J
13 shares First National Bank, Springfield...............................
.1
2 000 00
10 shares Chicopee National Bank, Springfield,...........................................1
12 shares Holyoke National Bank, H o l y o k e , ...........................................
800 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
70
20
10
50
60
10
55
Par Value.
City National Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Home Nat’l Bank, Holyoke, .
John Hancock National Bank,
Springfield.............................
First Nat’l Bank, Springfield, .
Chapin N’l Bank, Springfield,
$7,000
2,000
1,000
5,000
Estimated
Market Value.
$7,700
2,540
1,500
6,000
00
00
00
00
Amount Invested.
$7,233
2,700
1,650
5,000
00
00
00
00
6,000
1,000
5,500
6,120 00
1,050 00
6,600 00
6,610 00
1,090 00
6,737 50
$27,500
$31,510 00
$31,020 50
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Amount Invested.
$35,000
25,000
50,000
$37,800 00
25,500 00
55,500 00
$35,000 00
25,000 00
50,000 00
50,000
52,500 00
50,000 00
Par Value.
Albany & Susquehanna R.R. 6s.
Fitchburg R.R. 3^s, .
.
.
.
Fitchburg R.R. 4s, .
New York, New Haven & Hartford
R.R 3 4 s , ..................................
$160,000
$171,300 00 $160,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3is,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$75,000
Estimated
Market Value.
$86,625 00
Amount Invested.
$75,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
479
Peoples Savings Bank, Holyoke — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$43,421 85
15,000 00
Iiate.
Amount.
Kate.
3£ per cent.
4
“
$212,650 00
778,135 50
4£ per cent.
5
“
Amount.
$40,185 00
2,917 00
Rate.
5J per cent.
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$773 91
Assessed value of the s a m e ,............................................................................
1,200 00
Net income received from same during year ending Oct. 31, 1902,
38 08
Number of loans which are of an amount not exceeding $3,000 each, 186
............................................................
Aggregate amount of the same, .
297,329 00
Total number of loans upon real e s t a t e , ...........................................217
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 2,............................................................................
57,691 58
Times for the dividends fixed by the by-laws : May 1 and November 1;
payable third Tuesday in May and November.
Rate and amount of each semi-annual dividend f I f per cent., $18,200 87 )
37,349 27
during the year ending Oct. 31, 1902,
.
1 1| per cent., 19,148 401
Number of accounts opened during the year ending Oct. 31, 1902,
1,059
Number of accounts closed during the year ending Oct. 31, 1902,
612
Total number of open accounts Oct. 31, 1902,
. . . .
3,440
Total expenses of the corporation for the year ending Oct. 31,1902 (ex
clusive of taxes),
.....................................................................................
4,675 66
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 2 ,.....................................................................................
393,804 68
Number of s a m e ,.............................................................................6,315
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 2 , ............................................................................ ........
270,214 44
Number of s a m e , .............................................................................3,167
Date of examination by commissioner: September 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
480
[Pub. Doc
PE O P LE’S S A V IN G S B A N K — W O R C E ST E R .
Incorporated May 13, 1864.
Present number of corporators, 163.
Sa m u e l It. H e y w o o d , President.
C h ar les M. B e n t , Treasurer.
F r e d e r ic k J. B a r n a r d , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
Sa m u e l R . H e y w o o d ,
E d w in T. M a r b l e ,
W il l ia m W . Johnson ,
A l e x a n d e r D e W it t ,
H e n r y F . H a r r is .
Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a .m . tod. p . m . ; 6 to 8 p . m .
B
a l a n c e
S
h e e t
O
c t
.
31, 1902.
L ia b il it ie s .
A ssets.
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Rent account,
. . .
.
Miscellaneous stocks,*
Cash on hand, .
. . .
$712,400
413,975
31,151
1,759,200
00
00
00
00
135,000
45,753
4,395,844
1,906,610
00
32
89
00
77,600
500
279,805
6,347
6
10,000
18,837
00
00
17
20
29
00
28
Deposits, .
Guaranty fund,
Interest account.
Profit and loss account, .
Rent account, .
Suspense account, .
Sundry interest items,
Due on m o r t g a g e
loans,
$9,793,030 15
$9,248,752 76
415,000 00
98,913 90
14,527
637
994
3,053
38
97
00
04
11,151 10
$9,793,030 15
* T a k e n t o s e c u r e in d e b t e d n e s s .
Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, Boston, .
.
.
.
National Shawmut Bank, B o s t o n , ..................................
Central National Bank, Worcester........................................
Citizens National Bank, W o r c e s t e r ,..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$79,638
77,256
72,777
50,132
65
03
68
81
No. 8.]
SAYINGS BANK COMMISSIONERS.
481
People’s Savings Bank, Worcester — Continued.
Loans on Bank Stock, amount on each : —
250 shares Massachusetts National Bank, B o s t o n , .................................. $25,000 00
1,100
11 shares Hadley Falls National Bank, H o l y o k e , ..............................
4 shares Hampshire County National Bank, Northampton, .
.
.
320
7 shares First National Bank, Northampton,.......................................
346
5 shares Chicopee National Bank, S p r i n g f i e l d , ..................................
500
285
10 shares Crocker National Bank, Turner’ s F a l l s , ..................................
36 shares Citizens National Bank, W orcester,...........................................
3,600
00
00
00
00
00
00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3s,
Massachusetts 3£s, .
.
.
.
City o f Beverly, Mass., 4s,
of Holyoke, Mass., 4s,
of Indianapolis, lnd., 3;£s,
of Keene, N. H., 4s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Milwaukee, Wis , 4s, .
of Nashua, N. H., 4s,
of New Bedford, Mass., 4s,
of Norwich, Conn., 5s,
of Norwich, Conn., 7s,
of Peoria, 111., 4s,
.
.
of Peoria, 111., 4^s, .
of Providence, R. 1 , 4s, .
of Quincy, Mass., 4s,
of Springfield, Ohio, 5s, .
of Taunton, Mass., 4s,
of Waltham, Mass , 4s, .
of Worcester, Mass., 4s, .
of Worcester, Mass., 5s, .
Town of Holbrook, Mass., 4s, .
of Westborough, Mass., 5s, .
Dalton, Mass. (Fire Dist.), 4 s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
80,000
10,000
25,000
15,000
10,000
26,000
25,000
37,000
10,000
25,000
19,000
23,000
12,000
25,000
50,000
5,000
3,000
7,000
13,000
200,000
2,000
30,000
2,000
20,000
Estimated
Market Value.
$24,875
86,393
10,512
26,156
15,018
10,750
27,332
26,531
37,870
10,550
25,000
20,442
25,185
12,270
26,375
56,500
5,275
3,000
7,700
13,666
204,125
2,120
30,900
2,165
21,400
00
75
50
25
75
00
50
25
00
00
00
50
00
00
00
00
00
00
00
25
00
00
00
00
00
Amount Invested.
$25,000
86,150
10,000
25,000
15,000
10,000
26,000
25,000
37,000
10,000
25,000
20,400
23,750
12,000
25,800
54,300
5,000
3,000
7,000
13,