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No. 8
PUBLIC DOCUMENT .
TWENTY-SIXTH
m W . ÏE '
BKÇQJEÇ
, « Board of ComM sÊïô Â
s
SAYINGS BANKS.
1901.
P a k t I.
RELATING 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 Post Office Square .
1902.
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Federal Reserve Bank of St. Louis
3 3 AJ
M 35%
Cflmmontoialtlî of |flassar|j«s£tis.
O f f ic e
B o a r d of C o m m is s io n e r s of S a v in g s B a n k s ,
S t a t e H o u se , B oston , Jan. 13, 1902.
of t h e
To the Honorable the Senate and House o f Representatives in General Court
assembled.
The Board of Commissioners of Savings Banks has the honor
to present its twenty-sixth annual report, relating to the insti
tutions now under the supervision of the Board.
The number of such institutions on the 31st of October last,
to which date the statutes require the annual reports to be
made, was 355, viz. : —
186 savings banks,
36 trust companies,
128 co-operative banks,
3 collateral loan companies,
2
mortgage loan and investment companies,
with aggregate assets of about $816,000,000.
Part I. of the report herewith submitted gives the statistics
o f—
186 savings banks with assets of .
.
.
36 trust companies with assets of
3 savings banks in hands of the courts.
1 trust company in hands of receiver.
.
$596,094,818 80
189,769,619 75
/ V ~rn%g
Information regarding the institutions last mentioned is given
on pages viii, ix and x iii; abstracts from the annual reports
o f the others are appended hereto.
Part II., to be submitted later in the session, will include the
reports of —
128 co-operative banks.
3 collateral loan companies.
1 mortgage loan company.
1 mortgage loan company in hands of receiver.
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Federal Reserve Bank of St. Louis
iv
REPORT OF THE
[Pub. Doc.
During the year ending October 31 last, two new institutions
have commenced business, viz : —
The Revere Co-operative Bank, at Revere ; and the
Wrentham Co-operative Bank, at Wrentham.
S a v in g s B a n k s .
Dividends.
The following table gives the rates of dividends declared
during the year, as compared with those of the previous fiscal
year : —
D ivid en ds declared during
th e
1901.
Y ear ending October 31.
1
Banks paying at the rate of 11 per cent.,
3
3
3
45
18
114
31
31
3f
4
i
4i
2
6
70
20
88
Those banks (98 in number) which declared dividends at
other than the rate of 2 per cent, semi-annually, made their
dividends as follows : —
2 banks paid 11 per cent, the first term,
c;
CC
cc
4
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Cl
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13
66
“
Cl
cc
cc
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“
“ If
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» 2
3
»
cc
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“ 2
19
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11 per cent, the second term.
If
2
11
If
2
11
If
cc
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The total amount o f dividends declared was $19,313,792.99,
— an increase o f $646,465.45 over the amount declared in the
previous fiscal year ; the average rate for the year was 3.75 per
cent., as compared with 3.81-j- the preceding year.
The decrease in rates of dividends within the last five years
is shown by the fact that the number of
Banks paying less than 4 per cent, per annum in 1896 was
10 ; in 1901, 98
Banks paying 4 per cent, per annum
in 1896 was 157 ; in 1901, 88
Banks paying over 4 per cent, per annum
in 1896 was 19 ; in 1901, 0
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
v
Three banks have commenced business since Oct. 31, 1896 ;
during the past fiscal year 2 of these paid 4 per cent., the other
paid 31.
S t a t is t ic s
of
B u s in e s s .
The annexed statement gives details of the business of the
banks, as also of the increase or decrease in the several items,
as compared with the report of the preceding year : —
Oct. 31, 1901.
Number of open accounts...........................................
Average amount to the credit of each account,
Number of d e p o s i t s , ...............................................
Number of withdrawals..............................................
Amount deposited (not including dividends), .
Average of deposits......................................................
Amount withdrawn (including dividends),
Average of withdrawals.............................................
Amount of e x p e n s e s ,...............................................
Total e a r n i n g s , .........................................................
Total ordinary dividends............................................
Number of loans of an amount not exceeding
$3,000 e a c h , ........................................................
Number of loans upon real estate,* .
1,593,640
$351
1,545,159
1,224,413
$96,531,498
62
95,535,702
78
1,333,523
25,417,188
19,313,792
69,716
81,710
ilncrease.
Decrease.
58,631
84
85
47
81
03
21
50
99
$0 21
-
65,754
50,055
$3,431,874 81
-
-
46
-
6,011,102
1
50,233
947,346
646,465
1,045
1,096
85
80
84
94
45
-
-
* Averaging $3,006.43 each.
The amount deposited during the year, say $96,531,498.85,
was the aggregate of 1,545,159 in number of deposits made, —
an average of $62.47 to each.
The amount withdrawn during the year, say $95,535,702.81,
was the total of 1,224,413 withdrawals, — an average o f $78.03
to each.
Compared with the previous fiscal year, these figures show
an increase in deposits of 65,754 in number and of $3,431,874.81
in amount; also an increase in withdrawals of 50,055 in num
ber and of $6,011,102.85 in amount.
The average of deposits was $62.47, as against $62.93 the
previous year; the average of withdrawals being $78.03, as
compared with $76.23 the previous year.
Notwithstanding the increase of rising $50,000 in the aggre
gate expenses o f the banks, the ratio of expenses remains about
the same, being less than one-fourth o f one per cent, of the
deposits.
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Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
VI
A ggregate
Statem en t
of
L ia b il it ie s
and
A ssets.
Showing Increase or Decrease, as compared with the Year ending Oct. 31,
1900.
L ia b ilitie s.
Amount
Increase.
Oct. 31,1901.
•
$560,705,752
24,764,318
10,318,633
213,949
92,165
Deposits.................................................... •
Guaranty fund..............................................................
Undivided earnings.....................................................
Due on incomplete mortgage loans, .
Sundry l i a b i l i t i e s , ...............................................
64
07
44
20
45
$20,302,066
1,188,362
296,137
59,200
11,812
04
47
37
82
15
$596,094,818 80
Amount
Increase.
Oct. 31,1901.
Public fpnds.........................................................
Loans on public funds,
.
.
.
.
Bank stock, .
.
.•
Loans on bank stock, .
.
.
Railroad bonds....................................................
Loans on railroad bonds..................................
Loans on railroad stocks, .
.
.
.
Commonwealth of Massachusetts notes, .
Boston Terminal Company bonds, .
Real estate (for banking purposes), .
Real estate by foreclosure,
Loans on real e s t a t e ,......................................
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 a c c o u n t , ......................................
Premium a c c o u n t , ......................................
Furniture and fixtures,
.
.
.
.
Sundry a s s e t s , * ...............................................
Cash on hand: —
In banks, on interest, .
In banks, not on inter
est,
.
.
.
.
In office,
.
.
.
$69,457,699
1,433,184
20,149,249
1,195,503
85,865,657
622,350
723,220
75,000
11,248,709
4,481,810
3,681,181
245,655,167
118,443,091
13,294,383
47,186
221,453
195,419
468,839
76,152
275,252
Decrease.
_
59 $1,469,158 52
00
230,394 00
31
$1,318,456 32
16
190,998 06
10 12,045,064 01
00
464,350 00
00
379,790 00
00
75,000 00
50
232,990 00
96
85,378 50
81
384,486 23
59
7,318,982 77
86
4,122,755 13
43
872,993 36
50
3,633 24
13
73
25
96
59
1,996 12
1
}
111,503 14
P e r c e n ta g e of
Investments to
Total Assets.
A ssets.
11.65
.24
3.38
.20
14.40
.10
.12
.01
1.89
.75
.62
41.21
19.87
2.23
.01
.04
-
.17
J
$16,426,564 72
565,553 24
1,492,188 37
18,484,306 33
$596,094,818 80
410,928 59
-
-
3.12
-
* 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.
L
Vll
ia b il it ie s .
The statement of liabilities shows aggregate deposits of
$560,705,752.64; this amount is represented on the books of
the banks by 1,593,640 open accounts, — an average to each
of $351.84. Last year the average was $352.05.
The total amount of deposits, as given above, is $20,302,066.04 in excess of the amount Oct. 31, 1900.
The guaranty fund is now $24,764,318.07, — an increase of
$1,188,362.47 over the year preceding, — and is equivalent to
about 4.42 per cent, of the deposits.
A
ssets.
•
A perusal of the foregoing table discloses a very marked
increase in the item of railroad bonds, occasioned mostly by
the recently extended field of investment in this class of securi
ties. The holdings of these bonds are now 14.4 per cent, of
the total assets, as compared with 12.86 the previous year.
There is also an increase in public funds of $1,469,158.52,
as compared with a decrease of $3,919,650.57 in the year end
ing Oct. 31, 1900.
The increase in loans on real estate, say $7,318,982.77, is
less than in the year previous, when it amounted to $9,656,953.98.
Loans on personal security have increased $4,122,755.13, as
against an increase of $9,787,558.51 in the previous fiscal year.
O f the total amount of personal loans, say $118,443,091.86,
the amount of $73,091,718.71 is protected by the deposit of
collateral security, in addition to the sureties required by
statute.
It was hoped that the turning-point in the item of real estate
held by foreclosure had been reached, and that the numerous
sales of estates made during the year would show a decrease
in this item ; but the additional properties taken by the banks
have exceeded the value of those eliminated, and the total
amount now is $384,486.23 more than on Oct. 31, 1900.
A marked change appears in the investment in bank stocks,
which has decreased in the sum of $1,318,456.32, and now
amounts to 3.38 per cent, of the total assets of the banks, as
against 5.90 five years ago.
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Federal Reserve Bank of St. Louis
viii
REPORT OF THE
[Pub. Doc.
During the year the transactions in bank stocks have been as
follows : —
7,698£ shares have been eliminated by the liquidation or reduction of capi
tal of certain banks.
5,160 shares have been sold.
1,438 shares have been bought, distributed among 29 banks, 213 being the
largest number purchased by any one bank.
The percentage which each class of assets bears to the total
is shown in the table.
B anks
in
H
ands
of
the
Court.
Millis Savings Bank.
The receiver of this bank has a small amount of money in
his hands, awaiting decree of the court, and efforts will be
made to close up its affairs during the current year.
Framingham Savings Bank.
During the past year the receivers of this bank have made
material progress in the settlement of its affairs, all o f the col
lectible assets having been converted into cash.
The receivers, on April 3, 1901, presented a third report to
the court, asking for the allowance of a third and final dividend
o f such per cent, as the court might determine ; whereupon a
finaf dividend of 8 per cent, was ordered, making in all 78 per
cent, paid to depositors in liquidating the affairs of the institu
tion.
Of the first dividend of 50 per cent., amounting to $413,682.60,
there was unpaid Oet. 31, 1901,....................................................$8,859 11
Of the second dividend of 20 per cent., amounting to $165,473.04,
there was unpaid Oct. 31, 1901,.................................................... 3,547 91
Of the final dividend of 8 per cent., amounting to $66,189.22,
there was unpaid Oct. 31, 1901,.................................................... 1,557 69
A condensed statement of the transactions during the year
ending Oct. 31, 1901, is as follows : —
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
IX
Statement o f Receivers of Framingham Savings Bank.
D i s p o s it io n o p A s s e t s , sh o w n
b y R e p o r t o p R e c e iv e r s .
Assets
Oct. 31, 1900.
CHARACTER o f a s s e t s .
$14,263
9,130
4,045
3,846
9,979
137,403
356
87,250
Loans on real e s ta te ,...............................................
Loans on personal security,
.
.
.
.
Trustee’ s account, C. C. Esty...............................
Sundry stocks..............................................................
Overdue i n t e r e s t , ...............................................
Real estate by foreclosure......................................
F u r n it u r e ,..................................................................
C a s h , ...........................................................................
Received in
Cash.
12
90
61
00
40
93
30
52
$2,140 30
1,410 24
52 00
87,250 52
Charged
off by Order of
Court.
$14,263
6,990
4,046
3,846
9,979
135,993
304
12
60
61
00
40
69
30
$175,422 72
$266,275 78
1,287 61
45 00
Received from interest on deposits in banks, .
Received from r e n ts ,...............................................
$92,185 67
Less payments, as follow s: —
For expenses................................................................
account of first dividend of 50 per cent., .
account of second dividend of 20 per cent.,
account of third dividend of 8 per cent., .
$11,562
1,232
514
64,631
49
77
00
53
77,940 79
$14,244 88
.
Cash on hand Oct. 31, 1901,
Hampshire Savings Bank.
The receivers of this bank duly filed in the court a list of all
unclaimed dividends, and a decree was issued requiring publi
cation thereof.
Upon expiration of one year from the time of giving such
notice it will be the duty of the receivers to make another
report to the court, at which time it appears probable any
amounts remaining unpaid will be ordered paid into the treasury
of the Commonwealth, and the books and papers o f said insol
vent bank, including those relating to the receivership, will
be deposited with this Board.
V
e r if ic a t io n
of
D
e p o s it o r s ’
B ooks.
Under the provisions of statute it became necessary for the
several banks to call in the books of their depositors at some
time during the last calendar year. The statute provides this
shall be done under rules to be prescribed by their respective
boards of investment, duly approved by this Board.
This Board endeavored to have the work performed in as
nearly a uniform manner as the varying circumstances in the
several banks would admit, and hoped to be able to embody
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Federal Reserve Bank of St. Louis
X
REPORT OF THE
[Pub. Doc.
in this report a tabulation of the result. A few of the banks,
however, began the verification before submitting to this
Board the rules they had adopted for doing this work, hence
such institutions were unable to make as full a return as was
desired by this Board.
A compilation of returns received reveals the fact that in the
aggregate only about one-fifth of the outstanding books were
presented. In some of the banks, books which were brought
in for the entry either of a deposit or a withdrawal were not
included in the list of books presented for verification, only
those specially presented for that purpose being counted.
Sixty-five banks report that no differences were discovered
between the books of the depositors and those of the bank; in
most of the others the differences were slight.
In one bank a difference of $812 was discovered, a former
treasurer having erroneously entered a larger sum on the books
of the bank than was actually deposited, the original difference
of about $500 having been increased to the sum mentioned by
the addition of dividends accumulated during the term of thir
teen years in which the book had not been presented at the
bank. Had an accurate trial balance been taken at the time,
as now required, the error must have been sooner discovered.
The number of books reported as verified was 317,795, re
presenting deposits o f $130,948,145.22, being nearly onefourth of the amount of deposits reported as outstanding at the
time the books were called in.
The whole number of books in which discrepancies were dis
covered was only 816, which well illustrates the accuracy with
which the accounts o f the banks generally have been kept.
In the light of this year’s experience, it would seem that the
law, as at present applied, was not accomplishing the desired
result; and as in all cases it involves a considerable increase in
the work of the officials and clerical force of the banks, and in
many an added expense, it is suggested that a less frequent
call for the books and a more extended examination would
secure more satisfactory results ; and it is therefore recom
mended that the law be amended so as to provide that the
books be called in every five years, and that the work be then
done under rules prescribed by this Board.
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
T he
G
eneral
B a n k in g L
aw
xi
.
Chapter 115 of the Revised Laws (formerly chapter 118,
P. S. ) was referred to by the commissioners having charge of the
recent revision of the statutes, as follows : “ Many of the pro
visions of this chapter are antiquated and not adapted to present
modes of business, and the chapter requires revision by a legis
lative committee on banks and banking before being enforced.”
In view of the fact that the charters of many of the national
banks are soon to expire, the present would seem to be an op
portune time to consider whether or not it is desirable to have
a system of State banks in this Commonwealth, inasmuch as
some o f the national banks are considering the expediency of
reorganizing under a State law, — did a satisfactory one exist.
Should such a law be enacted, it ought effectually to prevent
the continued application for the incorporation of trust com
panies in the smaller cities and some of the towns of the Com
monwealth. Most of the trust companies recently incorporated
are misnamed trust companies, and are, in fact, simply State
banks.
There is at present a foreign banking corporation doing a gen
eral banking business in Boston, and, on the question of ad
mitting such institution, the Attorney-General, in an opinion
addressed to the Commissioner of Corporations, referring to
the statute above mentioned, says : “ Whether a law should be
permitted to continue upon our statute books, which is inoper
ative so far as it relates to domestic corporations, but which
may be taken advantage of by foreign corporations in the
manner in which it has been by this corporation, is a question
for the determination of the Legislature.”
It is the opinion of this Board that, whether the existing law
be allowed to stand on the statute books or not, provision
should be made to prevent, or at least to control, the admis
sion of foreign banking institutions ; for, although the one
herein referred to is in good repute, others may not be, and yet,
if they desired, must be permitted to file their papers and trans
act business without any supervision, either State or national.
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Federal Reserve Bank of St. Louis
xii
REPORT OF THE
I n crease
in
B u s in e s s
of
the
[Pub. Doc.
B oard.
During the past ten years there has been an increase of 56
in the number of institutions under the supervision of the Board,
the assets increasing over $300,000,000 during the same period,
while the clerical force of the Board available in the examina
tions remains unchanged.
In view of the constantly increasing number of institutions,
as well as the enormous growth in assets, necessarily involving
more and more time each recurring year in the examinations,
it is felt that the time has arrived when the services of another
permanent clerk are absolutely necessary to enable the Board
to give that measure of time and attention to the discharge of
its duties which seems desirable, and which the public un
doubtedly expects.
Formerly, when there were but two commissioners, some of
the work of examination of co-operative banks was delegated
to the clerk of the Board; but, as there appeared to be no
legal authority for this action, it was subsequently discontinued,
and all the co-operative banks are now visited by a commis
sioner.
The examination of a co-operative bank differs from the other
work of the Board, being largely clerical, and in most instances
could be efficiently performed by a clerk, acting under the
direction of the Board.
The Board respectfully suggests the desirability of legislation
to enable it to delegate to its clerical force the performance of
the duties above referred to, and also the creation of the office
o f third clerk, believing that the adoption o f the two measures
would afford to the commissioners the much-needed time and
opportunity for more extended and thorough examination and
inspection in directions which they deem essential to a full
and complete performance of official duty.
T r u st C o m p a n ie s .
The 36 companies, including the Massachusetts Hospital Life
Insurance Company, transacting business on October thirty-first
last, held deposits in their banking departments of $142,629,778.81, with other liabilities of $31,575,546.46 and total assets
of $174,205,325.27.
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
xm
O f the 36 companies, 15 have established trust departments,
the liabilities in which were $15,564,294.48.
The following companies have not yet been organized, viz. : —
City Trust Company, Boston,
.
. incorporated Feb. 14, 1900.
Copley Square Trust Company, Boston, incorporated Feb. 4,1901.
Waltham Trust Company, Waltham, . incorporated Mar. 21, 1901.
Two companies have recently increased their capital stock,
and in so doing, what appears to be a defect in the law was
developed, inasmuch as no provision is therein made as to the
manner in which the companies may increase their capital.
In the instances referred to the companies adopted the course
prescribed by the statute relating to corporations generally;
but it is conceded that special provision should be made by
statute as to the manner in which the capital of trust companies
may be increased, as is now the case in certain other corpo
rations under the supervision of State officials ; and this Board
suggests legislation on this point at the present session.
Another matter on which legislation may be required arises
in the fact that within a few days one trust company has estab
lished, at some distance from its main offices, an office for the
receipt of deposits and payment of checks, — a course which
does not meet the approval o f this Board, and for which the
Board claims there is no legal authority, and which is contrary
to the policy of the Commonwealth as evidenced in its banking
laws. The counsel of the trust company claims there is no
legal objection to the action, and the Board has asked the
opinion o f the Attorney-General on the question.
The question of a trust company purchasing and holding
stock of another trust company is an important one, and legis
lation may be required on this matter.
Also, upon the question of a trust company holding real
estate other than as provided in section 35, chapter 116 o f the
Revised Laws.
T
r u st
Company
in
H
ands
of
R e c e iv e r .
Suffolk Trust Company.
This company has been in the hands of a receiver since
Sept. 3, 1891.
Near the close of the calendar year the long-delayed report
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Federal Reserve Bank of St. Louis
REPORT OF THE
XIV
[Pub. Doc.
of the receiver was presented to the court; in this he asks for
authority to dispose of the remaining assets (o f little value) at
private or public sale, and to declare a final dividend to de
positors. This dividend will probably be at least 8 per cent.,
making a total of 38 per cent, which the depositors in this
unfortunate concern will have received on their claims.
The annexed statement shows the receipts and disbursements
of the receiver during the year past. An examination of this
statement will refute the oft-repeated declaration of parties
interested in the management of the company before its failure,
— that such failure was caused by the company’s investments
in western mortgages: inasmuch as the uncollectible loans in
its banking department exceed the total uncollectible items
growing out of its western mortgage business.
Statement o f Receiver o f Suffolk Trust Company.
D is p o s it io n o p A s s e t s ,
AS SHOWN BY
R e po rt op R e c e iv e r .
C H A R A C T E R OF ASSE TS.
Time l o a n s , ......................................
Demand l o a n s , ......................................
Tax sale certificates, .
.
.
.
Coupon account,
.
.
.
.
Mortgage lo a n s ,......................................
Bill re c e iv a b le ,......................................
Overdrafts,...............................................
Furniture, e t c . , ......................................
Teller’ s memoranda, .
.
.
.
Real estate equities.................................
Due from agents,
.
.
.
.
Foreclosure account...............................
Maverick National Bank, .
C a s h , ........................................................
Amount
Oct. 31,1900.
$44,191
29,696
3,373
24,273
800
507
777
4,141
446
10,919
3,347
17,584
219
14,063
14
37
75
21
00
25
85
15
88
20
52
39
<89
07
Received on Total Credits
Account
on
of Principal.
Principal.
$2,250 00
$3,308 44
296 20
N e t , ...............................................
Cash Oct. 31, 1900....................................
$3,012 24
14,063 07
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
14
37
75
21
00
25
85
15
88
20
52
39
89
933 44
125 00
Total receipts for year,
Less expenses for year,
Cash, Oct. 31,1901,
$44,191
27,446
3,373
24,273
800
507
777
4,141
446
10,919
3,347
17,584
219
$2,250 00
$154,341 67
Received interest on deposits, .
Received interest on loans,
$2,250 00
Amount
N ov. 1, 1901.
$17,075 31
17,075 31
$169,166 98
No. 8.]
SAVINGS BANK COMMISSIONERS.
XV
C o n c l u s io n .
The succeeding pages contain a balance sheet and condensed
statement of the several savings banks, also balance sheet of
each of the trust companies, in both their banking and trust
departments; also —
A consolidated balance sheet of the savings banks, and
another of the trust companies.
The usual table, giving the number, condition and progress
of the savings banks in each year since 1834, is also given.
The Appendix contains the laws relating to savings banks
and trust companies, as embodied in the new Revised Laws,
chapters 113 and 116.
STARKES W HITON,
W ARREN E. LOCKE,
JAMES O. OTIS,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Commissioners o f Savings Banks.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ABSTRACT OF ANNUAL REPORTS
OP THE
SA Y IN G S
BANKS
FOR
AND
INSTITUTIONS
S A Y IN G S,
SHOWING THEIR
CONDITION AT THE CLOSE OF BUSINESS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
O ctober
31, 1901.
2
REPORT OF THE
[Pub. Doc.
A B IN G T O N S A V IN G S B A N K — A B IN G T O N .
Incorporated March 17, 1853.
Present number of corporators, 58.
J o se p h L. G r e e n w o o d , President.
G e o r g e A. B e a l , Treasurer.
G e o r g e A. B e a l , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
J o se p h L. G r e e n w o o d ,
S il a s B . D ic k e r m a n ,
W il l ia m V an c e ,
Jo h n W . Sp r o u l ,
W i l l i a m J. C o u g h l a n ,
C a 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.
Balance
Sheet
Oct.
31, 1901.
A ssets .
L ia b il it ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking 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,
Lawrence Duck Co. stock,*
Real estate income, .
Insurance and taxes paid, .
Furniture and fixtures,
Store fixtures, . . . .
Cash on hand, . . .
.
$61,500
84,050
11,975
334,600
00
00
00
00
42,000
37,204
1,179,056
357,228
00
07
01
00
152,100
843
51,365
280
6,000
628
81
1,000
1,000
8,720
00
00
11
42
00
61
00
00
00
21
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$2,198,572 15
109,300 00
12,330 72
9,428 56
•
$2,329,631 43
$2,329,631 43
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
Abington National Bank, Abington,............................................................$21,691 75
National Bank of Redemption, B o s t o n , ...................................................
29,673 36
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
3
Abington Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
100 shares Traders National Bank, L o w e l l , .................................................. $10,000
5 shares National Granite Bank, Q u i n c y , ...........................................
300
10 shares First National Bank, R o c k l a n d , ...........................................
875
10 shares First National Bank, R o c k l a n d , ...........................................
800
00
00
00
00
Detailed Statement o f Public Funds.
Par Value.
City of Grand Rapids, Mich., 5s,
of Malden, Mass., 4s,
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
of Springfield, Ohio, 4£s,
of Springfield, Ohio, 5s, .
Town of Abington, Mass., 4s, .
of Middleborough, Mass., 4s,
$3,000
10,500
2,000
10,000
5,000
5,000
16,000
10,000
$61,500
Estimated
Market Value.
$3,105
10,657
2,000
10,600
5,450
5,175
17,150
11,200
00
50
00
00
00
00
00
00
$65,337 50
Amount Invested.
$3,000
10,500
2,000
10,000
5,000
5,000
16,000
10,000
00
00
00
00
00
00
00
00
$61,500 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
62
40
50
12
59
100
100
38
110
45
45
31
50
10
50
32
20
32
2
Par Value.
Abington N’l Bank, Abington,
First National Bank, Adams, .
Blackstone N’l Bank, Boston, .
Central National Bank, Boston,
Eliot National Bank, Boston, .
Merchants N’l Bank, Boston, .
Metropolitan N ’l B’k, Boston,
Mt. Yernon N’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
South End N’l Bank, Boston, .
State National Bank, Boston, .
Brockton N’l Bank, Brockton,
Old Colony N’l B’k, Plymouth,
First National Bank, Rockland,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,200
4,000
1,150
1,200
5,900
10,000
10,000
3,800
11,000
4,500
4,500
3,100
5,000
1,000
5,000
3,200
2,000
3,200
200
Estimated
Market Value.
$6,448
5,000
250
1,416
8,850
17,500
10,000
3,686
13,750
6,795
5,580
3,224
9,000
1,500
3,750
3,552
2,360
3,680
216
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$84,950 $106,557 00
Amount Invested.
$6,200
4,000
250
1,200
5,900
10,000
10,000
3,800
11,000
4,500
4,500
3,100
5,000
1,000
5,000
3,200
2,000
3,200
200
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$84,050 00
4
REPORT OF THE
[Pub. Doc
Abington Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boyer Valley R.R. 3^s, .
Chic., Burlington & Quincy R.R. 3^s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3ès, .
Maine Central R.R. 4ès, .
Old Colony R.R, 4s............................
Penobscot Shore Line R.R. 4s,
Portland & Rumford Falls R.R. 4s,
Rumford Falls & Rangel ey Lakes
R.R. 5 s,...........................................
Upper Coos R.R. 4ès,
$46,000
39,000
10,000
10,000
5,000
30,000
25,000
21,000
10,000
15,000
30,000
10,000
15,000
25,000
20,000
Estimated
Market Value.
$47,380
44,610
10,200
10,200
5,200
32,850
27,875
21,410
10,000
13,500
30,300
10,950
17,025
26,750
21,600
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$46,000
39,000
10,000
10,000
5,000
30,000
25,000
21,000
10,000
13,600
30,000
10,000
15,000
25,000
20,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
20,000
5,000
24,000 00
5,750 00
20,000 00
5,000 00
$336,000
$359,600 00
$334,600 00
Total Amount o f Loans, with Each Specified Rate of Interest.
Kate.
Amount.
$51,365
121,000
85,000
132,850
11
00
00
00
2 per cent.
3è
3|
“
4
“
Rate.
Amount.
$25,000
25,000
120,700
5,000
00
00
00
00
4| per cent.
4|
»
4h
“
4|
“
Amount.
Rate.
$626,138 00
48,700 00
511,814 01
5 per cent.
H
“
6
“
Amount invested in real estate for banking purposes...............................$42,000
00
Estimated value of the s a m e , ...........................................................
42,000
00
Assessed value of the sam e,...........................................................
39,600 00
Net income received from same during year ending Oct. 31, 1901, .
.
861 17
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,............................................................................................
37,204
07
Assessed value of the s a m e ,...................................................................
40,600
00
Net income received from same during year ending Oct. 31, 1901, .
.
79 68
Number of loans which are of an amount not exceeding $3,000 each, 768
945,647 01
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................796
Amount of investments from which no income is received............................
18,505 51
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
105,339 34
Times for the dividends fixed by the by-laws : first Tuesday in April and
October; payable same days.
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS
5
Abington Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $41,900 44 j ^ g ^ gg
during the year ending Oct. 31, 1901,.
.
i 1| per cent.,
37,205 141
Number of accounts opened during the year ending Oct. 31, 1901,
. 447
Number of accounts closed during the year ending Oct. 31, 1901,
. 297
Total number of open accounts Oct. 31, 1901,
.
.
.
.
4,508
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
4,497 20
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
242,056 75
Number of s a m e ,............................................................................ 2,297
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
251,704 40
Number of s a m e ,............................................................................ 2,705
Date of examination by commissioner : April 5.
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Federal Reserve Bank of St. Louis
6
REPORT OF THE
[Pub. Doc.
A M H E R 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. C o o k , President.
E. D. B a n g s , Treasurer.
G e o r g e C u t l e r , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
E. F. C o o k ,
A. R. C u s h m a n ,
W m . E. B r id g m a n ,
D. W. P a l m e r .
Open for business every business day except Saturdays, 9
9 a . m . to 12 M.
B alance
Sh ee t
Oct.
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 (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,
Cash on hand, .
.
.
.
a .m .
to 3 p . m . ; Saturdays,
31, 1901.
L ia b il it ie s .
$67,000
250
176,688
25,876
182,800
110,000
00
00
41
00
00
00
15,000
26,850
1,726,601
539,997
00
61
73
92
81,700
1,700
92,347
5,000
785
00
00
89
00
88
$3,052,598 44
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$2,866,970 99
143,477 00
42,150 45
$3,052,598 44
Cash on Deposit in Banks, amount in each : —
First National Bank, A m h erst,.................................................................... $65,236 11*
Hampshire County National Bank, Northampton,..................................
10,000 00
Agawam National Bank, Springfield,............................................................
10,000 00
Pynchon National Bank, Springfield,............................................................12,111 78
* This amount, in excess of the legal limit, has since been reduced.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
7
SAVINGS BANK COMMISSIONERS.
Amherst Savings B ank— Continued.
Loan on Public Funds : —
$500 United States 4s.........................................................................................
$250 00
Loans on Bank Stock, amount on each: —
100 shares Broadway National Bank, B o s to n ,..................................
180 shares Mechanics National Bank, B o s to n ,..................................
10 shares First National Bank, Amherst,...........................................
3 shares Southbridge National Bank, Southbridge,
17 shares Springfield Safe Deposit and Trust Company, Springfield,
$
6,000 00
18,000 00
1,276 00
600 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
15,000
$10,700
7,210
27,062
10,400
15,675
00
00
50
00
00
$67,000
$71,047 50
Amount Invested.
$10,000
7,000
25.000
10.000
15,000
00
00
00
00
00
$67,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
34
80
7
15
26
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,
N’l Hide & Leather B’k, Boston,
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,.
Conway Nat’l Bank, Conway,
National Pahquioque Bank,
Danbury, C t,
First N’l Bank. Easthampton,.
Franklin Co. N’l B’k, Greenfield,
City National Bank, H olyoke,.
Holyoke Nat’l Bank, Holyoke,
National Bank of Commerce,
New London, Ct.,
Berkshire N’l B’k, No. Adams,
First N’l Bank, 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
700
1,500
2,600
4,500
$15,500
3,400
12,080
868
1,725
2,756
4,500
00
00
00
00
00
00
00
$14,910
3,400
10,095
700
1,495
2,100
4,493
00
00
50
00
08
00
33
2,800
4,700
5,600
10,000
10,000
3,920
4,700
5,712
11,500
15,000
00
00
00
00
00
3,870
5,170
5,600
10,000
10,800
00
00
00
00
00
3,000
1,500
7,800
4,350 00
1,605 00
9,750 00
3,000 00
1,500 00
9,380 00
7,800
7,800 00
7,800 00
6,700
13,400 00
6,954 00
8
REPORT OF THE
[Pub. Doc
Amherst Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
60
83
117
38
70
115
70
28
8
25
20
6
Par Value.
First N’l Bank, Norwich, Ct., .
Second N’l Bank, Norwich, Ct.,
Thames N’l B’k, Norwich, Ct.,
Palmer Nat’l Bank, Palmer, .
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
First N’l Bank, Springfield, .
Crocker N’l B’k, Turner’s Falls,
Ware National Bank, Ware, .
Citizens N’l Bank, Worcester,
City N’l Bank, Worcester,
Mechanics N’l B’k, Worcester,
$6,000
8,300
11,700
3,800
7,000
11,500
7,000
2,800
800
2,500
2,000
600
Estimated
Market Value.
$6,900
9,545
19,305
3,800
7,000
13,225
7,350
3,920
848
3,625
2,500
570
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$6,000
9,960
16,101
5,306
7,000
13,623
8,730
2,800
800
2,500
2,000
600
00
00
00
50
00
00
00
00
00
00
00
00
$154,600 $197,154 00 $176,688 41
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4às,
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 5s, .
New York, New Haven & Hartford
R.R. 3 è s , ...................................
$20,000
43,000
35,000
10,000
35,000
15,000
25,000
Estimated
Market Value.
$22,050
44,770
40,775
12,700
36,050
16,725
00
00
00
00
00
00
26,312 50
Amount Invested.
$20,000
43,000
34,800
10,000
35,000
15,000
00
00
00
00
00
00
25,000 00
$183,000 $199,382 50 $182,800 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$110,000
Estimated
Market Value.
Amount Invested.
$127,600 00 $110,000 00
No. 8.]
9
SAVINGS BANK COMMISSIONERS.
Amherst Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$60,236 11
35.000 00
45.000 00
Kate.
Amount.
Kate.
3 per cent.
3£
“
3f
“
$222,050 00
25,000 00
200,470 00
4 per cent.
44
“
4i
“
Amount.
$1,769,828 32 5 per cent.
46,168 58 54
“
64,720 53 6
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 867
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................950
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 1 , ...........................................................
Times for the dividends fixed by the by-laws: January 1 and July 1; pay
able first Thursday of January and July.
Rate and amount of each semi-annualdividend f 2 per cent.,
$53,432 82 1
during the year ending Oct.31,1901,.
.
I 2 per cent.,
55,451 72 )
Number of accounts opened during the year ending Oct. 31, 1901,
. 657
Number of accounts closed during the year ending Oct. 31, 1901,
. 449
Total number of open accounts Oct. 31,1901...................................
6,054
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
Number of s a m e ,..................................................................................... 4,015
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 1 , .............................................................................................
Number of same, ..................................................................................... 3,814
Date of examination by commissioner: October 3.
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Federal Reserve Bank of St. Louis
Rate.
$15,000
15,000
9,500
802
00
00
00
82
26,850 61
26,800 00
212 82
830,716 06
19,540 00
140,914 91
108,884 54
5,857 87
359,694 09
336,527 67
10
REPORT OF THE
[Pub. Doc
AW 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, 38.
M oses T. S t e v e n s , President.
J o h n F. K i m b a l l , Treasurer.
J o h n F. K i m b a l l , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
M oses T. S t e v e n s ,
L e w is T. H a h d t ,
J o se p h A . S m a r t .
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 alance
Sh ee t
Oct.
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 tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.
31, 1901.
L ia b ilit ie s .
$389,500
223,160
983,862
20,000
46,006
1,338,383
180,251
00
50
50
00
43
44
00
6,800
960
16,044
1,845
2,164
10,231
00
00
63
32
51
92
$3,219,210 25
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$2,970,376 61
148,000 00
52,517 88
43,510 95
4,804 81
$3,219,210 25
Cash on Deposit in Banks, amount in each: —
Andover National Bank, Andover,
Old Boston National Bank, Boston,
Shoe and Leather National Bank, Boston, .
Federal Trust Company, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,845
7.492
1.492
4,060
32
27
36
00
No. 8.]
11
SAVINGS BANK COMMISSIONERS
Andover 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 Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 6s, .
of Gloucester, Mass., 4s, .
o f Lynn, Mass., 4s, .
of Portland, Me., 6s,
of Sioux City, Iowa, 4£s,.
Town of Andover, Mass., 4s, .
of Arlington, Mass., 4s,.
of Marblehead, Mass., 4s,
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
of Peabody, Mass., 4s, .
$10,000
10,000
10,000
50,000
48,000
75,500
1,000
9,000
50,000
21,000
15,000
10,000
10,000
25,000
26,000
9,000
10,000
Estimated
Market Value.
$10,725
11,100
10,600
55,250
53,932
83,050
1,050
9,382
55,237
24,045
17,425
11,235
10,700
28,000
27,745
10,102
11,150
00
00
00
00
50
00
00
50
50
00
00
00
00
00
00
50
00
$389,500 $430,730 00
Amount Invested.
$10,000
10,000
10,000
50,000
48,000
75,500
1,000
9,000
50,000
21,000
15,000
10,000
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
$389,500 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
141
40
149
27
70
100
50
120
300
225
100
66
6
237
60
192
58
129
110
Estimated
Par Value.
Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boylston Nat’l Bank, Boston, .
Freemans Nat’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants N’l Bank, Boston, .
Metropolitan N’l Bank, Boston,
Nat’l Bank of the Commonwealth, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, 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
Market Value.
$14,100
4,000
3,427
2,700
7,000
10,000
5,000
12,000
$15,510
4,280
745
2,835
7,070
11,200
8,750
12,000
00
00
00
00
00
00
00
00
30,000
22,500
58,800
33,975
500
8,184
1,500
47,400
9,060
19,968
8,352
12,771
19,800
00
00
00
00
00
00
00
00
00
00
00
-
6,600
600
23,700
6,000
19,200
5,800
12,900
11,000
Amount Invested.
$14,100
4,000
3,417
2,700
7,000
10,000
5,000
12,000
00
00
50
00
00
00
00
00
30,000 00
22,500 00
-
6,600
600
23,700
6,000
19,200
5,800
12,900
11,000
00
00
00
00
00
00
00
00
12
REPORT OF THE
[Pub. Doc.
Andover Savings B a n k — Continued.
No. of
Shares.
Detailed Statement of Bank Stocks — Concluded.
35
50
52
25
3
50
100
25
Par Value.
Shawmut Nat’l Bank, Boston,.
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, Danvers,
Wachusett N’l B’k, Fitchburg,
Bay State N’l Bank, Lawrence,
Union Nat’l Bank, Weymouth,
Estimated
Market Value.
$35
3,750
5,772
250
225
6,250
11,500
1,950
$5,000
5,200
1,250
225
5,000
7,500
2,500
$223,202
00
00
00
00
00
00
00
00
Amount Invested.
$5,000
5,200
1,218
225
5,000
7,500
2,500
00
00
00
00
00
00
00
$312,432 00 $223,160 50
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 3ès,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4<|s,
Cleveland & Pittsbui’gh R.R. 3£s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Danbury & Norwalk R.R, 5s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
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, European & North
^-American R.R. 4s,
. . .
Manchester & Lawrence R.R. 4s,
Newport & Richford R.R. 5s, .
New York, New Haven & Hartford
R.R. 3ès...........................................
New 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
10,000
100,000
20,000
25,000
105,000
50,000
75,000
10,000
20,000
10,000
25,000
Estimated
Market Value.
$10,262
53,400
126,200
37,650
10,437
109,625
23,100
30,562
113,568
54,625
67,500
10,050
22,400
10,512
27,375
50
00
00
00
50
00
00
50
75
00
00
00
00
50
00
Amount Invested.
$10,000
50,000
110,000
30,000
10,000
99,987
20,000
25,000
105,000
50,000
67,875
10,000
20,000
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
5,618 75
27,500 00
14,560 00
5,000 00
25,000 00
13,000 00*
25,000
26,250 00
25,000 00
25,000
148,000
- 25,000
28,875 00
169,467 50
28,875 00
25,000 00
148,000 00
25,000 00
25,000
50,000
32,500 00
56,125 00
25,000 00
50,000 00
$991,000 $1,097,040 00 $983,862 50
A legal Investment when made.
No. 8.]
13
SAYINGS BANK COMMISSIONERS
Andover Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$20,000
Estimated
Market Value.
$23,200 00
Amount Invested.
$20,000 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Kate.
Amount.
$8,984 63
4,060 00
138,301 00
2
2à
4
per cent.
“
“
Amount.
$69,500 00
957,693 84
59,631 00
Rate.
Amount.
4£ per cent.
5
5i
“
$304,111 00
157 60
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, 526
Aggregate amount of the same..........................................................................
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,
during year ending Oct. 31, 1901....................................................................
Times for the dividends fixed by the by-laws: third Wednesday in June
and December; payable same days.
Rate and amount of each semi-annualdividend f 2 per cent.,
$56,226 40 1
during the year ending Oct. 31,1901,.
.
1 2 per cent.,
57,287 56 J
Number of accounts opened during the year ending Oct. 31, 1901, . 583
Number of accounts closed during the year ending Oct. 31, 1901,
. 425
Total number of open accounts Oct. 31, 1901..................................
6,451
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31,1901,......................................................................................
Number of s a m e ,..................................................................................... 4,351
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,..................................................................................... 3,252
Date of examination by commissioner: November 19.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$46,006 43
58,100 00
824,062 42
5,717 83
140,731 47
113,513 96
6,501 64
311,081 65
340,627!?25
14
REPORT OF THE
[Pub. Doc
A R L IN G T O N F IV E CENTS S A V IN G S B A N K — A R L IN G T O N .
Incorporated April 2, 1860.
W
il l ia m
Present number of corporators, 38.
G . P e c k , President.
H e n r y B l a s d a l e , Treasurer.
H e n r y B l a s d a l e , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
W
il l ia m
G. P eck,
B . D elm ont L o ck e,
E d w a r d S. F e s s e n d e n .
Open for business every business day, 3 to 5.30 p . m . ; Wednesdays and Saturdays, 7 to
9 P.M .
B alance
Sheet
O ct.
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 purposes)........................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Tax account,
.
. . .
Insurance account,
Cash on hand, .
.
.
.
31, 1901.
L ia b ilit ie s .
$517,450
12,790
1,000
147,000
00
51
00
00
100
8,826
994,461
30,913
00
92
02
90
144,798
280
46,091
1,670
424
472
2,482
64
00
38
24
23
19
49
$1,908,761 52
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rent account, .
Due on mortgage
loans, .
Collections,
Premium account, .
Surplus account,
$1,789,193 58
79,039 59
12,370 63
7,459 83
491 69
3,000
451
4,255
12,500
00
00
20
00
$1,908,761 52
Cash on Deposit in Banks, amount in each : —
First National Bank, Arlington, .
Atlantic National Bank, Boston, .
Faneuil Hall National Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,842 76
25,944 38
13,304 24
No. 8.]
15
SAYINGS BANK COMMISSIONERS.
Arlington Five Cents Savings Bank — Continued.
Loan on Bank Stock: —
7 shares National Hide and Leather Bank, Boston,...................................|
10 shares First National Bank, Arlington,....................................................>
$1,000 00
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 Dayton, Ohio, 5 s ,.
of Dayton, Ohio, 6 s,.
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 Middleton, Conn., 4s, .
of New London, Conn., 4s,
of Portland, Me., 6s,
of Rochester, N. H., 4s, .
of 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 , 3¿s,
of Arlington, Mass., 4s,
of Attleborough, Mass., 4s, .
of Chatham, Mass., 4¿s,
of Concord, Mass., 4s, .
of Cranston, R. I., 4s, j .
of Hull, Mass., 5s, .
of Leicester, Mass., 4s, .
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
of Rockport, Mass., 4s, .
of Wellesley, Mass., 4s,
of Westfield, Mass., 4s, .
of Winchester, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$3,075
16,462
13,012
1,110
3,255
3,000
5,050
24,051
20,670
33,900
1,210
17,175
10,800
10,550
17,920
22,900
6,660
10,950
12,945
13,620
5,525
27,437
13,768
55,380
57,672
10,950
8,440
28,500
2,270
20,700
13,277
10,925
16,515
14,157
8,145
17,280
4,350
$3,000
15,000
12,000
1,000
3,000
3,000
5,000
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
13,000
52,000
53,950
10,000
8,000
25,000
2,000
18,000
13,000
10,000
15,000
13,000
8,000
16,000
4,000
$517,450
00
50
50
00
00
00
00
56
00
00
00
00
00
00
00
00
00
00
00
00
00
50
75
00
36
00
00
00
00
00
50
00
00
50
00
00
00
Amount Invested.
$3,000
15,000
12,000
1,000
3,000
3,000
5,000
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
13,000
52,000
53,950
10,000
8,000
25,000
2,000
18,000
13,000
10,000
15,000
13,000
8,000
16,000
4,000
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
$563,610 17 $517,450 00
* Legal investments when made.
16
REPORT OF THE
[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, .
Fanenil Hall N’l Bank, 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,
11,000
5,000
5,000
1,000
3,300
1,200
1,200
00
00
00
00
00
00
00
Estimated
Amount
Market Value.
Invested.
$1,250
6,100
6,500
1,250
4,983'
1,812
1,272
$17,700 00
00
00
00
00
00
00
00
$722
3,618
3,613
722
2,384
867
867
63
14
14
63
67
15
15
$23,167 00 $12,790 51
Detailed Statement o f Railroad Bonds.
Estimated
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,
Old Colony R R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4^s...........................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Vermont & Massachusetts R.R. 5s, .
Market Value.
Amount Invested.
$2,000
6,000
35,000
4,000
$2,240
6,330
38,150
4,190
00
00
00
00
$2,000
6,000
35,000
4,000
00
00
00
00
10,000
20,000
5,000
30,000
11,550
21,600
5,375
34,050
00
00
00
00
10,000
20,000
5,000
30,000
00
00*
00
00
15,000
18,450 00
15,000 00
10,000
10,000
13,300 00
10,200 00
10,000 00
10,000 00
$147,000
$165,435 00
$147,000 00
* A legal investment when made.
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$46,091
25.000
118,798
12.000
38
00
64
00
Rate.
Amount.
2 per cent.
H
“
$668,996 02
93,704 00
132,775 00
4
4è
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
“
Rate.
5
5£
5£
per cent.
“
»
Rate.
Amount.
$114,879 90
1,400 00
3,900 00
6
6*
7
per cent.
“
No. 8.]
SAYINGS BANK COMMISSIONERS.
17
Arlington Five Cents Savings Bank — Concluded.
$100 00
Amount invested in real estate for banking purposes,..................................
25,000 00
Estimated value of the s a m e , ....................................................................
23,381 00
Assessed value of the sa m e,.............................................................................
447 57
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
8,826 92
otherwise,......................................................................................................
14,400 00
Assessed value of the same.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 294
322,841 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................385
Gross amount of interest or profits received or earned, as per books,
90,249 69
during year ending Oct. 3 1 , 1 9 0 1 , ............................................................
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 f 1| per cent., $29,900 39 ) 59,855 25
during the year ending Oct. 31, 1901, .
..
11| per cent.,
29,954 86 i
Number of accounts opened during the year ending Oct. 31, 1901,
. 511
Number of accounts closed during the year ending Oct. 31, 1901,
. 354
Total number of open accounts Oct. 31, 1901,
.
.
.
.
5,164
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
4,927 63
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
245,938 11
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................................... 4,581
Amount of withdrawals, including dividends, during the year ending
290,294 86
Oct. 3 1 , 1 9 0 1 , ..............................................................................................
Number of same.......................................................................................... 3,541
Date of examination by commissioner: March 11.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
18
A T H O L S A V IN G S B A N K — A T H O L .
Incorporated Feb. 12, 1867. Present number of corporators, 37.
L e v i B. F a y , President.
W i l l i a m D. L u e y , Treasurer.
W i l l i a m D. L u e y , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
H e n r y R . St o w e l l ,
L u c ie n L o r d ,
G eorge D . B a t e s,
L evi B. F a y ,
S olon W . L e e .
Open for business every business day, 9 a . m . to 3 p .m .
Balance
Sh eet
Oct.
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,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s),..................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
31, 1901.
L ia b ilit ie s .
$116,000
20,261
6,225
315,000
75,000
1,070,174
787,692
00
00
00
00
00
03
66
24,250
93,499
1,716
997
00
71
61
66
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$2,510,816 67
$2,288,310 27
115,000 00
43,315 32
64,191 08
$2,510,816 67
Cash on Deposit in Banks, amount in each : —
Miller’s River National Bank, Athol............................................................... $45,511 04
Eliot National Bank, B o s t o n , .................................. ........
32,988 67
Packard National Bank, Greenfield,...........................................................
5,000 00
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
10,000 00
Loans on Bank Stock, amount on each: —
7 shares Miller’s River National Bank, A th ol,...........................................
5 shares Metropolitan National Bank, Boston,...........................................
8 shares Athol National Bank, Athol............................................................
60 shares Packard National Bank, Greenfield,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$500
350
375
5,000
00
00
00
00
No. 8.]
19
SAYINGS BANK COMMISSIONERS
Athol Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
of
of
of
of
of
Boston, Mass., 4 s,.
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.
$6,385
20,210
10,900
25,500
11,100
28,250
11,225
10,750
$6,000
20,000
10,000
25.000
10.000
25.000
10.000
10,000
$116,000
Amount Invested.
$6,000
20,000
10,000
25.000
10.000
25.000
10.000
10,000
00
00
00
00
00
00
00
00
$124,320 00
00
00*
00
00
00
00
00
00
$116,000 00
* A legal investment when made.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
32
7
10
5
25
10
54
10
50
20
Par Value.
Miller’s River N’l B’k, Athol, .
Blackstone N’l Bank, Boston, .
Eliot National Bank, Boston, .
National Eagle Bank, Boston,.
N’l Shawmut Bank, Boston, .
Shawmut N’l Bank, Boston, .
Third National Bank, Boston,
Agricultural N’l B’k, Pittsfield,
Springfield Safe Deposit and
Trust Co , Springfield,.
Taunton Safe Deposit and
Trust Co., Taunton,
$3,200
161
1,000
10
2,500
-
5,400
1,000
Estimated
Market Value.
$5,280
35
1,500
15
5,000
10
5,724
2,450
00
00
00
00
00
00
00
00
Amount Invested.
$3,200 00
161 00
1,000 00
-
.
2,500 00
-
5,400 00
1,000 00
5,000
8,000 00
5,000 00
2,000
2,000 00
2,000 00
$20,271
$30,014 00
$20,261 00
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. 3£s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
25,000
50,000
15,000
Estimated
Market Value.
$11,500
27,250
54,750
15,375
00
00
00
00
Amount Invested.
$10,000
25,000
50,000
15,000
00
00
00
00
[Pub. Doc
REPORT OF THE
20
Athol Savings Bank — Continued.
Detailed Statement of Railroad Bonds— Concluded.
Par Value.
Fitchburg R.R. 4s,
Fitchburg R.R. 4£s.............................
Illinois Central R.R 3ès, .
Illinois Central R.R. 4s, .
Milwaukee, Lake Shore & W estera.
R.R. 5s, ...........................................
New York, Lackawanna & Western
R.R. 6 s , ...........................................
New York, New Haven & Hartford
R.R. 3 i s , ..................................
New York & New England R.R. 6s,
Vermont & Massachusetts R.R. 5s, .
$35,000
20,000
50,000
25,000
Estimated
Market Value.
$39,025
22,350
50,500
28,125
00
00
00
00
Amount Invested.
$35,000
20,000
50,000
25,000
00
00
00
00
25,000
31,500 00
25,000 00
10,000
13,450 00
10,000 00
25,000
5,000
20,000
26,062 50
5,362 50
20,350 00
25,000 00
5,000 00
20,000 00
$315,000 $345,600 00
$315,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$75,000
Estimated
Market Value.
Amount Invested.
$87,000 00
$75,000 00
Total Amount o f Loans, with Each Specified Rate of Interest.
Bate.
Amount.
Kate.
Amount.
Bate.
2 per cent.
$466,800 00
217,900 00
305,500 00
4 per cent.
41
“
$789,268 71
1,600 00
106,022 98
5 per cent.
5è
“
Amount.
$78,499 71
15,000 00
1,250 00
3
3|
“
“
6
Number of loans which are of an amount not exceeding $3,000 each, 300
Aggregate amount of the s a m e , .................................................................... $337,503 03
Total number of loans upon real e s t a t e , ...........................................375
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
113,739 85
Times for the dividends fixed by the by-laws : January 1 and July 1 ; pay
able on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
21
Athol Savings Bank — Concluded.
Rate and amount of each semi-annual dividend ( 1| per cent., $39,152 63 1
^ ^
during the year ending Oct. 31, 1901,.
.
I 1| per cent., 39,390 89 i
’
Number of accounts opened during the year ending Oct. 31, 1901,
. 772
Number of accounts closed during the year ending Oct. 31, 1901,
. 693
Total number of open accounts Oct. 31, 1901,
.
.
.
.
6,434
Total expenses of the corporation for the year ending Oct. 31,1901 (ex
clusive of taxes),
.....................................................................................
5,402 39
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
311,871 32
Number of s a m e ,............................................................................ 3,829
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ................................................... ........
400,533 03
Number of s a m e ,............................................................................ 4,149
Date of examination by commissioner: May 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
22
A T T LE B O R O U G H S A V IN G S B A N K — N O R T H A T T L E
BOROUGH.
Incorporated Feb. 2, 1860. Present number of corporators, 61.
A l b e r t T o t t e n , President.
E d w a r d R . P r i c e , Treasurer.
E d w a r d R . P r i c e , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
A l b e r t T o tten,
F red E . Sturdy,
E d g a r L. H ix o n ,
G eorge W . C h e e v e r ,
L ou is J. L a m b ,
C h a r l e s E. B l is s ,
M . E . R ow e.
Open for business every business day except Saturdays, 9 a . m . to 3 e . m . ;
Saturdays, 9 a . m . to 12 m .
B alance
Sheet
O ct.
L ia b ilit ie s .
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 purposes), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal securitv,
Loans to counties, cities or towns
(notes), ..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Real estate taken to secure indebtedness................................
Cash on hand, .
.
.
.
31,1901.
$27,000
6,100
161,300
25,000
50,000
00
00
00
00
00
3,000
34,474
893,015
493,136
00
69
66
02
4,000
40,043
7,540
488
00
15
27
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac. .
count, .
$1,663,176 65
82,500 00
4,378 48
41,690 50
42,657 65
3,990 19
$1,791,745 63
$1,791,745 63
Cash on Deposit in Banks, amount in each : —
Boston Safe Deposit and Trust Company, B o s t o n , .................................. $20,043 15
North Attleborough National Bank, North Attleborough.............................
27,540 27
Loan on Railroad Stock : —
200 shares Boston & Maine R .R .,.................................................................... $25,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
23
SAVINGS BANK COMMISSIONERS
Attleborough Savings Bank — Continued.
Detailed Statement o f Public Funds.,
Estimated
Market Value.
Amount Invested.
$2,000
25,000
$2,140 00
28,000 00
$2,000 00
25,000 00*
$27,000
$30,140 00
Par Value.
City of Brockton, Mass., 4s,
of Sioux City, Iowa, 4is, .
$27,000 00
* A legal investment when made.
Detailed Statement o f Bank Stocks.
° 2
©$
fc £
61
50
Par Value.
First Nat’l Bank, Attleborough,
Boston National Bank, Boston,
Estimated
Market Value.
Amount Invested.
$6,100
$12,200 00
50 00
$6,100 00
$6,100
$12,250 00
$6,100 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 3ès,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Michigan Central R.R. 7s,
New York, New Haven & Hartford
R.R. 3 è s , ...................................
$25,000
50,000
60,000
7,000
25,000
$167,000
Estimated
Market Value.
$25,625
54,125
54,300
7,125
00
00
00
00
26,312 50
Amount Invested.
$25,000
50,000
54,300
7,000
00
00
00
00
25,000 00
$167,487 50 $161,300 00
Boston Terminal Company Bonds.
Boston Terminal Company 3¿s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
$50,000
$58,000 00
$50,000 00
24
REPOET OF THE
[Pub. Doc.
Attleborough Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$20,043 15
20,000 00
4,000 00
Kate.
2
3
per cent.
3£
“
Amöunt.
$69,000 00
239,500 00
68,000 00
Kate.
Amount.
Rate.
4 per cent.
$625,356 02
91,700 00
317,595 66
5 per cent.
4h
4£
“
54
6
Amount invested in real estate for banking purposes,..................................
Estimated value of the same, ' ....................................................................
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 sa m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 313
Aggregate amount of the same, .
............................................................
Total number of loans upon real e s t a t e , ...........................................358
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 1 , ....................................................................
Times for the dividends fixed by the by-laws: April 1 and October 1; pay
able Tuesday after second Monday in April and October.
Rate and amount of each semi-annual dividend f 2 per cent, $30,637 57 1
during the year ending Oct. 31, 1901, .
. 1 2 per cent.,
31,210 52 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 912
Number of accounts closed during the year ending Oct. 31, 1901,
. 678
Total number of open accounts Oct. 31, 1901,
.
.
.
.
5,053
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
Number of s a m e ,.............................................................................5,521
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,.............................................................................4,056
Date of examination by commissioner: March 18.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
$3,000 00
3.000 00
3.000 00
77,132 34
156,100 00
285,057 03
39,106 53
81,763 19
61,848 09
5,812 31
392,885 89
379,813 13
No. 8.]
SAYINGS BANK COMMISSIONERS.
25
B A R B E SA V IN G S B A N K — BA R R E.
e
Incorporated May 1, 1869. Present number of corporators, 36.
C h a r l e s H. F o l l a n s b y , President.
F r a n k A. R
ic h ,
Treasurer.
F r a n k A. R i c h , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
G e o r g e W. C o o k ,
G e o r g e R . S im o n d s ,
Ch arles H . F o llansby,
O ram el Cl a r k ,
J o h n C. B a r t h o l o m e w ".
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 alance
Sheet
Oct.
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 bank, on interest, .
Deposits in bank, noton interest,
Expense account,
Suspense account,
Safe and furniture,
Taxes paid,
.
.
.
.
31, 1901.
$45,000
60,735
107,150
30,000
00
00
00
00
10,477
27,643
523,722
13,800
5,000
3,475
1,230
14
2,338
252
41
29
40
00
00
89
65
82
95
48
$830,840 89
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$784,589 87
28,100 00
5,686 44
12,464 58
$830,840 89
Cash on Deposit in Bank : —
First National Bank, Barre,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$8,475 89
26
[Pub. Doc
REPORT OF THE
Barre Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
County of Washington, Me., 4s,
City of Canton, Ohio, 3^s,
of Kansas City, Mo., 4^s,.
of Springfield, Ohio, 5s, .
of Wilkes-Barre, P#., 3is,
Town of West Springfield, Mass., 4s,
Estimated
Market Value.
$5,650
5,050
11,300
11,837
10,472
5,687
$5,000
5.000
10,000
10,000
10,000
5.000
$45,000
00
00
00
50
50
50
$49,997 50
Amount Invested.
$5,000
5.000
10,000
10,000
10,000
5.000
00*
00
00
00
00
00
$45,000 00
* A legal investment when made.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
36 First National Bank, Barre, .
28 Blackstone N’l Bank, Boston, .
62 Boston National Bank, Boston,
20 Boylston Nat’l Bank, Boston, .
17 Continental N’l Bank, Boston,
25 Eliot National Bank, Boston, .
41 First National Bank, Boston, .
32 N’l B’k of Commerce, Boston,.
46 N’l B’k of Redemption, Boston,
16 N’l Hide & Leather B’k, Boston,
6 National Revere Bank, Boston,
34 Second National Bank, Boston,
20 Shoe & Leather N’l B’k, Boston,
20 Suffolk National Bank, Boston,
30 Tremont Nat’l Bank, Boston, .
50 Nat’l Market Bank, Brighton,.
7 Ware National Bank, Ware, .
52 Central Nat’l Bank, Worcester,
21 Citizens Nat’l B’k, Worcester,.
25 City National Bank, Worcester,
20 First hJat’l Bank, Worcester, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$3,600
644
-
2,000
-
2,500
4,100'
3,200
4,600
1,600
114
3,400
2,000
2,000
1,500
5,000
700
5,200
2,100
2,500
2,000
$48,758
Estimated
Market Value.
$3,600
140
62
2,100
85
3,750
7,175
4,032
5,750
1,984
18
6,120
3,000
2,300
300
5,000
742
5,720
3,045
3,125
3,800
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$3,600 00
334 00
$61,848 00
$60,735 00
-
2,220 00
-
2,950
8,118
3,456
5,375
1,600
74
5,100
1,865
2,235
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
00
00
00
No. 8 .]
27
SAVINGS BANK COMMISSIONERS
Barre Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Winthrop & Shore R.R. 5s, .
Chic,, Burlington & Quincy R.R. 3ès,
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 4s, .
New York, New Haven & Hartford
R.R. 3¿s,
.
.
.
.
.
Rumford Falls & Rangeley Lakes
R.R. 5s, ...........................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Estimated
Market Value.
00
00
00
00*
00
00
Amount Invested.
$5,000
15,000
5,000
10,000
27,150
10,000
00
00
00
00
00
00
$5,000
15,000
5,000
10,000
30,000
10,000
$5,300
15,300
5,575
11,100
27,000
11,300
10,000
10,400 00
10,000 00
10,000
12,000 00
10,000 00
15,000
19,950 00
15,000 00
$110,000 $117,925 00 $107,150 00
Boston Terminal Company Bonds.
Boston Terminal Company 3ès,
Par Value.
Estimated
Market Value.
Amount Invested.
$30,000
$34,800 00
$30,000 00
Total Amount o f Loans, loith Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
Amount.
Rate.
2 per cent.
4è
“
$185,723 00
22,100 00
5 per cent.
5i
“
$128,981 40
165,718 00
5¿ per cent.
6
Amount.
$5,000 00
35,000 00
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 same.................................................................................
7,000
Net income received from the same during the year ending Oct. 31, 1901, .
21
Value, by books, of other real estate, held or owned by foreclosure or
otherwise............................... ...........................................................................
27,643
Assessed value of the same.................................................................................
29,160
Number of loans which are of an amount not exceeding $3,000 each, 245
307,391
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................266
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
41
00
96
29
00
00
28
REPORT OF THE
[Pub. Doc
Barre Savings B an k — Concluded.
Amount of investments from which no income is received, .
.
.
.
$20,596 41
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 9 0 1 ,....................................................................
37,945 46
Times for the dividends fixed by the by-laws: January 15 and July 15;
payable on same days.
Rate and amount of eachsemi-annual dividend f If per cent., $13,574.79 1 y.
yg
during the year ending Oct. 31, 1901, .
. I If per cent.,
13,679.94 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 163
Number of accounts closed during the year ending Oct. 31, 1901,
. 160
Total number of open accounts Oct. 31, 1901,
. . . .
1,897
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
2,674 87
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
72,513 53
Number of s a m e ,........................................................................................ 830
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
105,536 82
Number of s a m e ,.................................................................................... 968
Date of examination by commissioner: September 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS
29
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, 22.
H i r a m L o r in g , President.
St e ph e n W
E . L a w r e n c e J e n k in s , Clerk of the Corporation.
in g ,
Treasurer.
Names of committee charged with the investment of its funds:
H ir a m 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 a r l e s F. P u r r in g t o n ,
E d w in B a x t e r ,
G e o r g e H . L o r in g .
Open for business every business day, 9 a . m . to 12 m . ; 2 to 4 p . m .
Balance
Sh eet
Oct.
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 te s),..................................
Deposits in banks, on interest, .
Cash on hand, . . .
.
31, 1901.
L ia b ilit ie s .
$11,752
48,236
1,200
79,945
11,660
291,445
27,005
50
89
00
00
60
49
39
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$453,050 77
24,490 58
7,097 60
5,000 00
5,831 06
2,562 02
$484,638 95
$484,638 95
Cash on Deposit in Banks, amount in each: —
Central National Bank, B oston,.................................................................... $2,309 67
Colonial National Bank, Boston......................................................................
1,359 72
First National Bank, H yan n is,....................................................................
2,161 67
Loans on Bank Stock, amount on each: —
10 shares First National Bank, H ya n n is,................................................... $1,000 00
2 shares First National Bank, Yarmouthport,...........................................
200 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
30
REPORT OF THE
[Pub. Doc
Bass River Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
Town of Spencer, Mass., 4s, .
Estimated
Market Value.
Amount Invested.
$6,000
5,000
$6,615 00
5,387 50
$6,840 00
4,912 50
$11,000
$12,002 50
$11,752 50
No. of
Shares.
Detailed Statement o f Bank Stocks.
30
5
55
50
56
50
50
50
7
25
25
15
6
37
10
24
9
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Manufacturers N’l B’k, Boston,
Merchants Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
Old Boston Nat’l Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Citizens N’l B’k, New Bedford,
First Nat’l Bank, New Bedford,
First N’l Bank, Yarmouthport,
$3,000
115
5,500
-
5,600
5,000
5,000
5,000
700
2,500
-
1,500
600
1,850
-
2,400
900
$39,665
• Estimated
Market Value.
$3,210
25
7,150
150
9,800
6,250
7,550
7,000
693
4,500
25
1,665
690
370
30
3,000
1,080
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$3,660 00
115 00
6,765 00
$53,188 00
$48,236 89
_
7,280
6,500
5,749
5,927
756
3,258
00
00
88
00
00
00
_
1,770 00
597 34
2,330 00
-
2,400 00
1,128 67
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,
Fitchburg R.R. 4s..............................
Illinois Central R.R. 3^s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
1,000
5,000
10,000
10,000
Estimated
Market Value.
$11,000
1,150
6,300
10,150
10,100
00
00
00
00
00
Amount Invested.
$11,250
1,048
5,837
10,168
10,350
00
75
50
75
00
No. 8.]
31
SAVINGS BANK COMMISSIONERS.
Bass River Savings B a n k — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
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, .
Par Value.
Estimated
Market Value.
$5,000
$5,250 00
$5,100 00
4,000
20,000
5,000
5,000
4,460
22,400
5,750
5,100
4,115
21,062
5,462
5,550
$75,000
00
00
00
00
$81,660 00
Amount Invested.
00
50
50
00
$79,945 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$5,831 06
5,000 00
31,500 00
Rate.
2
4
ià
per cent.
“
“
Amount.
Rate.
Amount.
$138,465 00
6,000 00
5 per cent.
H
“
$141,930 88
1,755 00
Rate.
6 per cent.
7
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$11,660 60
Assessed value of the sa m e ,.............................................................................
16,500 00
Number of loans which are of an amount not exceeding $3,000 each, 275
Aggregate amount of the s a m e , ....................................................................
187,206 94
Total number of loans upon real e s t a t e , ...........................................261
Amount of investments from which no income is received, .
.
.
.
97 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 9 0 1 ,.............................................................................
23,060 46
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., $6,804 25 1 ^ gQg ^
during the year ending Oct. 31, 1901, .
. 1 1| per cent.,
7,801 86 1
’
Number of accounts opened during the yearending Oct. 31, 1901,
. 126
Number of accounts closed during the yearending Oct. 31, 1901,
. 181
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,726
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
2,760 23
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
63,697 55
Number of s a m e ,................................................................................. 870
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
98,956 29
Number of s a m e ,..................................................................... 1,229
Date of examination by commissioner : September 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
32
REPORT OF THE
[Pub. Doc
B A Y STA 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, 103.
H a r t , President.
G e o r g e M c A l e e r , Treasurer.
J o h n B . R a t i g a n , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
J a m e s A . M cD e r m o t t ,
T homas B a r r e t t ,
Ja m e s E a r l y ,
J o h n O’M e a r a ,
W il l ia m H a r t .
Open for business every business day except Saturdays, 9 a . m . to 3 p .m . ; Saturdays,
9 a .m . to 1 p . m . ; 6 to 8 P.M.
B alance
Sh ee t
Oct.
31,1901.
A ssets .
L ia b ilit ie s .
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,
. * .
Cash on hand, .
.
.
.
$35,783
14,791
81,722
5,600
5,000
398,750
35,750
22,942
404
2,304
25
83
00
00
00
00
00
99
73
48
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
$603,049 28
$592,424 18
4,089 99
4,147 48
2,331 88
55 75
$603,049 28
Cash on Deposit in Banks, amount in each: —
First National Bank, Worcester,.................................................................... $8,381 80
City National Bank, Worcester,....................................................................
4,353 39
Quinsigamond National Bank, Worcester,...................................................
10,207 80
Detailed Statement o f Public Funds.
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,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
4.000
5.000
5.000
5.000
5.000
5.000
$34,000
Estimated
Market Value.
$5,600
4,500
5,050
5,312
5,287
5,081
5,175
00
00
00
50
50
50
00
$36,006 50
l
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
No. 8.]
33
SAYINGS BANK COMMISSIONERS
Bay State Savings Bank — Continued.
Ko. o f
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
15 Atlas National Bank, Boston, .
5 Bovlston 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 National Bank of the Commonwealth, Boston,
10 N’l B’k of Redemption, Boston,
8
N’l B’k of the Republic, Boston,
5 N’l Hide & Leather B’k, Boston,
5 New England N’l B’k, Boston,
10 Old Boston Nat’l Bank, Boston,
1 Suffolk National Bank, Boston,
3 Tremont National B’k, Boston,
$1,500
500
1,000
Estimated
Market Value.
900
700
1,000
1,000
$1,605
525
1,180
25
1,350
910
1,750
1,260
00
00
00
00
00
00
00
00
1,000
1.000
800
500
500
1,000
100
150
1,960
1,250
1,208
620
720
990
115
30
00
00
00
00
00
00
00
00
_
$11,650
$15,498 00
Amount Invested.
$1,773 75
652 50
1,250 00
_
1,172
935
1,538
1,112
25
00
75
50
1,405
1,180
1,176
533
752
1,115
115
80
00
00
00
33
50
00
25
00
$14,791 83
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 3¿s,
Chic., Burlington & Quincy R.R, 7s,
Chicago & Northwestern R.R. 7s, .
Eastern R.R. 6s,
. . .
Illinois Central R.R. 3 ès,.
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
$10,000
15.000
10.000
13.000
5,000
10.000
10,000
Estimated
Market Value.
$10,275
15,750
12,800
14,462
5,050
11,025
10,150
00
00
00
50
00
00
00
$73,000 ’ $79,512 50
Amount Invested.
$10,487
16,493
13,100
14,722
5,093
11,437
10,387
50
75
00
00
75
50
50
$81,722 00
Boston Terminal Company Bonds.
Boston Terminal Company 3¿s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
$5,000
$5,800 00
Amount Invested.
$5,600 00
[Pub. Doc
REPORT OF THE
34
Bay State Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
3 per cent.
H
“
$386,450 00
1,700 00
5 per cent.
5è
“
Amount.
$22,942 99
22,000 00
Amount.
$24,350 00
Rate.
6 per cent.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$5,000
Assessed value of the sa m e ,.............................................................................
5,600
Number of loans which are of an amount not exceeding $3,000 each,
80
Aggregate amount of the s a m e , ....................................................................
139,600
Total number of loans upon real e s t a t e , ...........................................123
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1 9 0 1 , ....................................................................
23,638
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., $9,035 61 j
jg
during the year ending Oct. 31, 1901,.
. 1 1| per cent.,
9,015 26 1
’
Number of accounts opened during the year ending Oct. 31, 1901,
. 461
Number of accounts closed during the year ending Oct. 31, 1901,
. 174
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,698
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... 1,67142
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901..........................................................................................
205,359
Number of s a m e ,.............................................................................2,339
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901..................................................................................................
106,975
Number of s a m e ,.............................................................................1,130
Date of examination by commissioner: June 18.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
56
51
96
No. 8.]
SAYINGS BANK COMMISSIONERS
35
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.
J. H e n r y F l e t c h e r , President.
W in t h r o p L. C h e n e r y , Treasurer.
T h o m a s W . D a y i s , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
J. H en ry F letch er,
F r e d e r ic D o d g e ,
J o se p h 0 . W e l l in g t o n ,
John K il b u r n ,
C h a r l e s W . W in n .
Open for business Wednesdays, 4 to 6 and 7 to 8 p . m .
Balance
Sh eet
Oct.
31,1901.
A ssets .
L ia b ilit ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in bank, on interest, .
Expense account,
Premium account,
Cash on hand...............................
$33,150
5,421
77,500
7,318
111,809
48,725
9,387
6
1,200
1,242
00
50
00
02
05
00
21
25
00
29
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$295,759 32
$286,499 64
5,150 00
3,411 22
698 46
$295,759 32
Cash on Deposit in Bank : —
Faneuil Hall National Bank, Boston...............................................................$9,387 21
Detailed Statement o f Public Funds.
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,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,150
2,000
5.000
9.000
3.000
3.000
2.000
4.000
1.000
$33,150
Estimated
Market Value.
$4,170
2,160
5,475
9,495
3,300
3,405
2,250
4,060
1,025
75
00
00
00
00
00
00
00
00
$35,340 75
Amount Invested.
$4,150
2,000
5.000
9.000
3.000
3.000
2.000
4.000
1.000
00
00
00
00
00
00
00
00
00
$33,150 00
REPORT OF THE
36
[Pub. Doc
Belmont Savings Bank — Continued.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
14
24
2
7
2
2
5
4
Par Value.
Blackstone Nat’l Bank, Boston,
Faneuil Hall N’l B’k, Boston, .
Freemans Nat’l Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
South End Nat’l Bank, Boston,
Third National Bank, Boston,.
$322
2,400
200
700
200
200
500
400
$4,922
Estimated
Market Value
Amount Invested.
$70
3,120
202
980
248
208
375
424
$222
2,900
199
800
200
200
500
400
00
00
00
00
00
00
00
00
$5,627 00
00
00
50
00
00
00
00
00
$5,421 50
Detailed Statement o f Railroad Bonds.
Par Value.
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. 3js, .
Maine Central R.R. 4s, .
Maine Central R.R. 4£s, .
.
.
Maine Central and European &
North American R.R. 4s,
New York, New Haven & Hartford
R.R. Sis,
...................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
Upper Coos R.R. 4ès,
$4,000
3,000
5,000
5,000
9,000
5,000
5,000
6,500
5,000
Estimated
Market Value.
$4,230
3,795
5,100
5,075
9,900
5,575
5,012
6,857
S,500
Amount Invested.
00
00
00
00
00
00
50
50
00
$4,000
3,000
5,000
5,000
9,000
5,000
5,000
6,500
5,000
00
00
00
00
00
00
00
00
00
3,000
3,360 00
3,000 00
10,000
10,500 00
10,000 00
5,000
10,000
2,000
5,825 00
11,200 00
2,180 00
5,000 00
10,000 00
2,000 00
$77,500
$84,110 00
$77,500 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$9,387 21
5.000 00
5.000 00
Kate.
2£ per cent.
4i
“
H
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$5,000 00
84,850 00
29,275 00
Kate.
4| per cent.
5
“
5è
«
Amount.
$31,384 05
25 00
Kate.
6 per cent.
8
“
No. 8.]
SAYINGS BANK COMMISSIONERS.
37
Belmont Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$7,318
Assessed value of the same.................................................................................
7,200
Number of loans which are of an amount not exceeding $3,000 each, 91
Aggregate amount of the s a m e , ....................................................................116,034 05
Total number of loans upon real estate.................................................... 78
Amount of investments from which no income is received,.
.
.
.
2,642
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1901..........................................................................
12,088
Times for the dividends fixed by the by-laws : second Thursday in Janu
ary and July; payable third Wednesday in January and July.
Rate and amount of each semi-annual dividend J If per cent., $4,307 34 1
g^
during the year ending Oct. 31,1901, .
. 1 If per cent.,
4,455 53 )
’
Number of accounts opened during the year ending Oct. 31, 1901,
. 117
Number of accounts closed during the year ending Oct. 31, 1901,
. 46
Total number of open accounts Oct. 31, 1 9 0 1 , .................................. 987
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
741
Amount of deposits, not including dividends, received during the year
ending Oct. 31-, 1901, .
...........................................
57,864
Number of s a m e ,..................................................................................... 987
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
38,626
Number of s a m e ,.....................................................................................340
Date of examination by commissioner: January 23.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
02
00
13
12
87
77
80
74
38
REPORT OF THE
[Pub. Doc
B E N J A M IN F R A N K L IN SA V IN G S B A N K — F R A N K L IN .
Incorporated Feb. 20, 1871.
Present number of corporators, 35.
D a v is T h a y e r , Jr., President.
C h a r l e s W . S t e w a r t , Treasurer.
C h a r l e s W . S t e w a r t , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
D a v is T h a y e r , Jr.,
Ch ar les St e w a r t ,
E l is h a B. C h a p m a n ,
G e o r g e W. W i g g i n ,
E d w a r d H. S h e r m a n ,
B r a d l e y M. R o c k w o o d ,
A delbert D . T h a y e r .
Open for business ever}' business d a y, 9 a . m . to 12 m . ; 1 to 4 p .m .
B alance
Sh eet
Oct.
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
St* (notes)......................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Tax account,
.
.
.
.
Furniture account,
Suspense account,
Cash on hand...............................
31, 1901.
L ia b ilit ie s .
$5,256
27,178
3,475
161,375
11,000
25,656
163,640
194,014
25
07
00
00
00
17
00
90
6,000
6,273
2,000
606
398
600
7,456
1,267
00
81
00
47
84
00
49
63
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Real estate income
account,
$616,198 63
$577,619 64
28,394 69
8,301 12
1,790 37
92 81
$616,198 63
Cash on Deposit in Banks, amount in each: —
Mercantile Trust Company, Boston.......................................
.
.
.
National Bank of Redemption, B o s t o n , ...................................................
Franklin National Bank, F r a n k lin ,............................................................
$51 34
63179
7,590 68
Loans on Bank Stock, amount on each : —
40 shares Producers National Bank, Woonsocket, R. I., .
.
.
.
200 shares Hancock National Bank, B o s t o n , ...........................................
34 shares National Exchange Bank, Providence, R. I., .
.
.
.
$500 00
1,875 00
1,100 00
Loan on Railroad Stock: —
98 shares Providence & Worcester R a ilr o a d ,...........................................$11,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
39
SAYINGS BANK COMMISSIONERS
Benjamin Franklin Savings Bank — Continued.
Detailed Statement o f Public Funds.
City of Youngstown, Ohio, 5s,
Par Value.
Estimated
Market Value.
$5,000
$5,000 00
Amount Invested.
$5,256 25
No. o f
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
14 Columbian Nat’l Bank, Boston,
5 Continental Nat’l Bank, Boston,
70 Eliot National Bank, Boston, .
25 Howard Nat’l Bank, Boston, .
10 Market Nat’l Bank, Boston,
27 N’l Bank of Commerce, Boston,
6 N’l Hide & Leather B’k, Boston,
10 National Revere Bank, Boston,
8 Shoe & Leather N’l B’k, Boston,
16 Tremont Nat’l Bank, Boston, .
23 Washington N’l Bank, Boston,
75 Franklin Nat’l Bank, Franklin,
12 Wrentham N’l B’k, Wrentham,
$7
7,000
1,675
780
2,700
600
190
800
800
2,300
7,500
840
$25,192
Estimated
Market Value.
$14
25
10,500
375
130
3,402
744
30
1,200
160
2,553
8,775
840
00
00
00
00
00
00
00
00
00
00
00
00
00
$28,748 00
Amount Invested.
$49 00
_
9,345
1,003
180
3,051
652
110
712
335
2,530
8,250
960
00
57
00
00
50
00
00
00
00
00
00
$27,178 07
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,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Chic., Burlington & Quincy R.R. 5s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3ès,.
Illinois Central R.R. 4s, .
New York & New England R.R. 7s,
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
Upper Coos R.R. 4is,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
10,000
10,000
30,000
20,000
5,000
20,000
10,000
10,000
10,000
Estimated
Market Value.
$11,000 00
11,500 00
12,600 00
11,600
34,350
22,200
5,050
22,600
11,050
00
00
00
00
00
00
12,000 00
' 11,500 00
Amount Invested.
$11,200 00
10,450 00
10,900 00
10,875
34,900
21,325
5,112
22,650
11,562
00
00
00
50
00
50
11,700 00
10,700 00
$145,000 $165,450 00 $161,375 00
[Pub. Doc
REPORT OF THE
40
Benjamin Franklin Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$3,823 69
6,273 81
16,000 00
0 per cent.
2
“
4
Rate.
Amount.
Rate.
4^ per cent.
$136,200 00
11,100 00
105,006 21
5 per cent.
5è
“
6
Amount.
$35,000 00
61,000 00
10,000 00
4i
4|
“
$25,656 17
Value, by books, of real estate, held or owned by foreclosure or otherwise,
30,295 00
Assessed value of the same, .............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 224
136,729 90
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................173
17,060 91
Amount of investments from which no income is received,.
.
.
.
Gross amount of interest or profits received or earned, as per books, during
27,425 83
year ending Oct. 31, 1 9 0 1 ,.............................................................................
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 If per cent., $9,349 82 ) 18,741 56
during the year ending Oct. 31,1901,
.
1 If per cent.,
9,391 74 1
Number of accounts opened during the year ending Oct. 31, 1901,
. 276
Number of accounts closed during the year ending Oct. 31, 1901,
. 218
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,343
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
2,266 41
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
100,748 20
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,.............................................................................1,897
Amount of withdrawals, including dividends, during the year ending
99,096 84
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,.............................................................................1,489
Date of examination by commissioner: February 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
41
SAYINGS BANK COMMISSIONERS.
B E R K SH IR E CO 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.
J o se p h T u c k e r , President.
R o b e r t W . A d a m , Treasurer.
W il l i a m L . A d a m , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
W
il l i a m
H . Sloan,
L e v i A . St e v e n s ,
A lexan der
R obert W . A d a m ,
Ch arles W . K ellogg,
K ennedy.
Open for business every business day, 9 a . m . to 3 p .m ., except Saturdays, from May 1
to December 1; on those days, 9 a .m . to 12 m .
B alance
Sh eet
Oct.
L ia b ilit 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
(notes)......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.
31,1901.
$723,000
179,521
11,950
748,937
125.000
00
00
00
50
00
171.000
2,575
2,183,705
149,075
00
00
00
00
158,100
175
17,986
22,185
3,287
5,438
00
00
45
05
15
71
$4,501,935 86
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$4,284,640 57
204,500 00
12,795 29
$4,501,935 86
Cash on Deposit in Banks, amount in each: —
Agricultural National Bank, Pittsfield,
Pittsfield National Bank, Pittsfield,
Third National Bank, Pittsfield, .
.
.
.
Berkshire Loan and Trust Co., Pittsfield, .
$5,377
7,826
8,981
17,986
03
10
92
45
Loans on Bank Stock, amount on each: —
40 shares Housatonic National Bank, Stockbridge,
9 shares Pittsfield National Bank, Pittsfield,
8 shares Pittsfield National Bank, Pittsfield,
20 shares Pittsfield National Bank, Pittsfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,300 00
700 00
800 00
2,000 00
42
[Pub. Doc
REPORT OF THE
Berkshire County Savings Bank — Continued.
$1,500
400
900
150
20 shares Third National Bank, Pittsfield, .
8 shares Third National Bank, Pittsfield, .
9 shares Berkshire Loan and Trust Co., Pittsfield, .
2 shares Berkshire Loan and Trust Co., Pittsfield, .
2 shares Pittsfield National Bank, Pittsfield,
5 shares Housatonic National Bank, Stockbridge, .
5 shares First National Bank, Adams,
13 shares First National Bank, Adams,
20 shares Williamstown National Bank, Williamstown,
10 shares Williamstown National Bank, Williamstown,
00
00
00
00
700 00
400 00
1,500 00
600 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3s,
Massachusetts 3£s, .
New Hampshire 6s, .
City of Boston, Mass., 4s,
of Bridgeport, Conti., 3£s,
of Canton, Ohio, 3£s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s, .
of Grand Rapids, Mich., 4£s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Newton, Mass., 4s,
of Peoria, 111., 4s,
of Pittsfield, Mass., 4s,
of Taunton, Mass., 4s,
Town of Braintree, Mass., 4s, .
of Gt. Barrington, Mass., 3£s,
of Marlborough, Mass., 4s, .
of Spencer, Mass., 4s, .
of West Hartford, Conn., 4s, .
$25,000
50,000
2,000
42,000
12,000
20,000
50,000
70,000
25,000
50,000
25,000
30,000
15,000
45,000
27,000
25,000
82,000
75,000
35,000
18,000
$723,000
Estimated
Market Value.
$25,000
54,270
2,110
45,202
12,360
20,400
50,250
71,050
27,875
51,445
27,850
32,137
15,450
47,025
27,843
27,750
83,896
79,875
37,800
18,045
00
00
00
50
00
00
00
00
00
00
00
50
00
00
75
00
25
00
00
00
$757,635 00
Amount Invested.
$25,000 00
50,000 00
2,000 00
42,000 00
12,000 00
20,000 00
50,000 00*
70,000 00
25,000 00
50,000 00
25,000 00
30,000 00
15,000 00*
45,000 00
27,000 00
25,000 00
82,000 00
75,000 00
35,000. 00
18,000 00
$723,000 00
* Legal investments when made.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
45
109
27
59
Par Value.
Atlantic Nat’l Bank, Boston,
Atlas National Bank, Boston,
Blackstone Nat’l B’k, Boston,
First National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
$4,500
10,900
621
5,900
Estimated
Market Value.
$5,490
11,663
135
10,325
00
00
00
00
Amount Invested.
$4,500
10,900
621
5,900
00
00
00
00
No 8.]
SAYINGS BANK COMMISSIONERS.
43
B erk sh ire C o u n ty Savings B ank — Continued.
Detailed Statement o f Bank Stocks — Concluded.
Os
Estimated
*1
Market Value.
i
125
60
100
100
16
66
53
105
70
20
70
24
35
51
50
80
100
65
21
50
130
20
25
50
50
10
50
Merchants Nat’l B’k, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k,Boston,
Nat’l Shawmut Bank, Boston, .
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
First National Bank, Chicopee,
Hadley Falls N’l B’k, Holyoke,
Lee National Bank, Lee, .
Adams N’l B’k, North Adams,
Agricultural N’l B’k, Pittsfield,
Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
Pittsfield Nat’l B’k, Pittsfield,.
Third Nat’l Bank, Pittsfield, .
Agawam N’l B’k, Springfield,
Chapin Nat’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.
Springfield N’l B’k,Springfield,
Springfield Safe Deposit and
Trust Co., Springfield,.
Housatonic National Bank,
Stockbridge,
Taunton Safe Deposit and
Trust Co., Taunton,
$12,500
6,000
$21,875 00
7,560 00
$12,500 00
6,000 00
10,000
10,000
1,600
6,600
5,300
10,500
7,000
_
7,000
2,400
3,500
5,100
5,000
19,600
15,100
1,984
13,200
5,512
15,120
12,600
20
9,100
3,120
5,775
5,865
12,250
00
00
00
00
00
00
00
00
00
00
00
00
00
10,000 00
10,000 00
1,600 00
6,600 00
5,300 00
10,500 00
7,000 00
7,000 00
2,400 00
3,500 00
5,100 00
5,000 Ö0
8,000
10,000
6,500
2,100
5,000
13,000
2,000
10,000
15,300
13,000
2,100
5,750
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
2,500 00
9,500 00
2,500 00
5,000 00
5,000
7,500 00
5,000 00
1,000
1,450 00
1,000 00
5,000
5,000 00
5,000 00
$179,521
$269,994 00
$179,521 00
Detailed Statement o f Railroad Bonds.
1
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4^s,
Boston, Winthrop & Shore R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$35,000
50,000
75,000
20,000
$37,450
56,650
94,500
21,200
00
00
00
00
Amount IIIv Litoti
$35,000
50,000
75,000
20,000
00
00
00
00
,
44
[Pub. Doc
REPORT OF THE
Berkshire County Savings Bank — Continued.
Detailed Statement of Railroad Bonds — Concluded.
Par Value.
Chic., Burlington & Quincy R.R. 8ès,
Cleveland & Pittsburgh R.R. 3£s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers 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,
New York, New Haven & Hartford
R.R. 3 i s , ...................................
Penobscot Shore Line R.R. 4s, .
Rumford Falls & Rangeley Lakes
R.R. 5 s , ...........................................
Vermont & Massachusetts R.R os, .
Worcester, Nashua & Roch. R.R. 4s,
!
$50,000
25,000
25,000
35,000
25,000
21,000
75,000
125,000
25,000
Estimated
Market Value.
$51,000
26,000
27,375
40,250
27,875
19,950
67,500
126,250
26,281
Amount Invested.
00
00
00
00
00
00
00
00
25
$50,000
25,000
25,000
35,000
25,000
21,000
67,937
125,000
25,000
00
00
00
00
00
00
50
00
00
70,000
50,000
72,852 50
54,000 00
70,000 00
50,000 00
15,000
25,000
10,000
18,000 00
25,500 00
10,600 00
15,000 00
25,000 00
10,000 00
$756,000 $803,233 75
$748,937 50
Boston Tei*minal Company Bonds.
Par Value.
Boston Terminal Company 3és,
Estimated
Market Value.
Amount Invested.
$125,000 $145,000 00 $125,000 00
Total Amount o f Loans, ivith Each Specified Rale o f Interest.
Rate.
Amount.
Rate.
Amount.
Rate.
2 per cent.
31
$114,000 00
150,800 00
3£ per cent.
4
“
$189,700 00
2,044,505 00
4£ per cent.
5
Amount.
$7,986 45
14,000 00
Amount invested in real estate for banking purposes,.................................. $171,000 00
Estimated value of the s a m e , ....................................................................
171,000 00
Assessed value of the sa m e ,............................................................................
115,000 00
Net income received from same during year ending Oct. 31, 1901,
.
.
3,046 92
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
2,575 00
Assessed value of the s a m e ,.............................................................................
2,735 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
45
Berkshire County Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 716
Aggregate amount of the s a m e , .................................................................... $879,330 00
Total number of loans upon real estate.................................................... 874
7,100 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during
198,005 53
year ending Oct. 31, 1 9 0 1 ,............................................................................
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of each semi-annualdividend f 1| per cent., $69,392 87 1
140,327 23
during the year ending Oct. 31, 1901,.
.
1 1| per cent.,
70,934 36 J
Number of accounts opened during the year ending Oct. 31, 1901,
1,803
Number of accounts closed during the year ending Oct. 31, 1901,
1,396
Total number of open accounts Oct. 31, 1901.................................
12,503
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
10,495 37
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
731,994 59
ending Oct. 31, 1 9 0 1 ,....................................................................................
Number of s a m e ,....................................................................................11,783
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1901,
..............................................................................................
700,177 73
Number of s a m e ,..................................................................................... 9,037
Date of examination by commissioner: October 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
46
[Pub. Doc.
B E V E R L Y S A V IN G S B A N K — BE V E R L Y .
Incorporated Feb. 23, 1867. Present number of corporators, 64.
R
obert
R . E n d ic o t t , President.
C h a r l e s H. K i l h a m , Treasurer.
C h a r l e s H. K i l h a m , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
R o b e r t R. E n d ic o t t ,
G eorge B utm an,
S a m u e l J. F o s t e r ,
R oland W . B o td e n .
Open for business every business day, 8.30 a . m . to 1.30 p . m .
B alance
Sh eet
O c t . 3 1 ,1 9 0 1 .
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 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 bank, on interest, .
Deposits in bank, not on interest,
Expense account,
Premium account,
Miscellaneous stocks,*
Cash on hand................................
L ia b ilit ie s .
$20,000
138,823
1,450
490,625
00
00
00
00
20,000
59,142
1,088,459
605,004
00
74
47
19
15,000
400
9,812
8,485
343
17,787
17,975
1,120
00
00
60
22
19
11
83
58
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac,
count, .
$2,494,428 93
$2,389,771 63
93,000 00
2,892 77
8,764 53
$2,494,428 93
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Beverly National Bank, B e v e r l y , ............................................................$8,485 22
National Shawmut Bank, B o s t o n , ............................................................
9,812 60
Loans on Bank Stock, amount on each : —
15 shares Beverly National Bank, B e v e r l y , ..................................
10 shares Gloucester Safe Deposit and Trust Company, Gloucester, .
6 shares First National Bank, D a n v e r s,.......................................
2 shares Beverly National Bank, Beverly,
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$
1,000 00
250 00
200 00
No. 8.]
47
SAYINGS BANK COMMISSIONERS
Beverly Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Par Value.
City of Terre Haute, Ind., 4s, .
$20,000
Market Value.
$20,475
Amount Invested.
$20,000
No. o f
Shares.
Detailed Statement o f Bank Stocks.
200
50
66
100
50
20
100
50
100
30
48
124
50
50
25
60
18
177
71
67
87
60
67
Par Value.
Beverly Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Massachusetts Loan & Trust
Company, 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 B’k, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Tremont Nat’l B’k, Boston,
Winthrop Nat’l B’k, Boston, .
N’l Grand B’k, Marblehead, .
Asiatic Nat’l Bank, Salem,
First Nat’l Bank, Salem,.
Mercantile Nat’l B’k, Salem, .
Nat’l Exchange Bank, Salem,
Naumkeag N’l Bank, Salem, .
Salem National Bank, Salem,.
Estimated
Market Value.
Amount Invested.
$20,000
5,000
1,518
10,000
$29,000
5,350
330
11,200
00
00
00
00
$20,000
5,000
1,518
15,000
00
00
00
00
5,000
2,000
10,000
5,000
5,250
3,500
12,600
6,250
500
4,200
5,952
24,800
50
7,500
250
9,600
2,124
4,956
4,260
6,834
435
7,500
3,350
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
5,000
2,000
10,000
5,000
00
00
00
00
-
3,000
4,800
12,400
_
5,000
1,250
6,000
1,800
5,310
7,100
6,700
3,045
6,000
6,700
-
3,000 00
4,800 00
18,600 00
-
5,000
1,250
6,000
1,800
5,310
7,100
6,700
3,045
6,000
6,700
00
00
00
00
00
00
00
00
00
00
$127,623 $155,791 00 $138,823 00
Detailed Statement o f Railroad Bonds.
Par Value.
Beech Creek R.R. 4s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
75.000
10.000
25,000
Estimated
Market Value.
$11,100
11,600
76,687
10,450
28,625
00
00
50
00
00
Amount Invested.
$10,000
10,000
75.000
10.000
25,000
00
00
00
00
00
48
REPORT OF THE
[Pub. Doc.
Beverly Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Dexter & Piscataquis R.R. 4s, .
Erie & Pittsburgh R.R. 3£s,
Fitchburg R.R. 4s, .
Fitchburg R R. 4ès, .
.
.
.
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s, .
Illinois Central R.R. 4s, .
New York, New Haven & Hartford
R.R. 3 è s , ..................................
Old Colony R.R. 4s, .
St. Jolmsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4^s,
Worcester, Nashua & Roch. R.R. 4s,
$10,000
15,000
30,000
20,000
25,000
79,000
39,000
Estimated
Market Value.
$11,000
15,600
32,100
22,200
22,500
79,790
44,070
00
00
00
00
00
00
00
Amount Invested.
$10,000
15,000
30,000
20,000
22,625
79,000
39,000
00
00
00
00
00
00
00
50,000
35,000
52,250 00
38,675 00
50,000 00
35,000 00
10,000
25,000
25,000
13,300 00
26,750 00
28,375 00
10,000 00
25,000 00
25,000 00
$493,000
$525,072 50
$490,625 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
Amount.
Rate.
2 per cent.
4
“
4|
“
$297,000 00
292,027 04
629,916 61
4-1 per cent.
H
“
5
“
$151,668 01
229,702 00
5£ per c'ent.
6
Amount.
$9,812 60
60,000 00
50,000 00
Amount invested in real estate for banking purposes,.................................. $20,000 00
Estimated value of the s a m e , ....................................................................
25,000
Assessed value of the sam e,.............................................................................
26,625
Net income received from same during year ending Oct. 31, 1901,
.
.
830
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
59,142
Assessed value of the s a m e ,.............................................................................
48,350
Number of loans which are of an amount not exceeding $3,000 each, 535
Aggregate amount of the s a m e , ....................................................................
544,652
Total number of loans upon real e s t a t e , ........................................... 601
Amount of investments from which no income is received,
.
.
.
48,100
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1901, ....................................................................
106,751
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 f 1| per cent., $40,388 46 1
during the year ending Oct. 31, 1901,
.
I If per cent.,
40,436 68 i 80,795
Number of accounts opened during the year ending Oct. 31, 1901, . 777
Number of accounts closed during the year ending Oct. 31, 1901,
. 610
Total number of open accounts Oct. 31, 1901,
.
.
.
.
6,615
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
66
74
00
47
00
47
14
No. 8.]
SAYINGS BANK COMMISSIONERS.
49
Beverly Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)............................................................................................... $6,290 30
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
298,866 08
Number of s a m e ,.............................................................................4,814
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
395,628 18
Number of s a m e ,.............................................................................5,150
Date of examination by commissioner : April 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
50
REPORT OF THE
[Pub. Doc,
BOSTON F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated April 7, 1854. Present number of corporators, 51.
A lo n zo H . E v a n s , President.
J o se p h C . H o l m e s , Treasurer.
J o se p h 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 ,
L eander B eal,
S a m u e l A. C a r l e t o n ,
N a t h a n ie l J. R u s t ,
A. H. D a v e n p o r t ,
W i l l i a m R. D u p e e ,
W il m 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 Sh e e t O c t . 31,1901.
A ssets .
L ia b ilit ie s .
Public funds, as per schedule, . $4,578,770 00
Loans on public funds,
105,600 00
Bank stock, as per schedule,
416,400 00
Loans on bank stock,
9,500 00
Railroad bonds, as per schedule,
2,679,685 00
Real estate (for banking pur
poses), ..................................
195,000 00
Loans on real estate, .
11,751,431 29
Loans on personal security,
8,349,400 00
Loans to counties, cities or towns
(n o tes),..................................
467,750 00
Deposits in banks, on interest, .
1,149,631 00
Expense account,
692 90
Real estate, rents and expenses,
4,310 83
Cash on hand, .
.
.
.
36,617 61
Deposits, .
$27,575,919 37
Guaranty fund,
1,369,581 05
Interest account,
59,855 72
Profit and loss ac
count, .
734,125 30
Suspense account, .
5,307 19
$29,744,788 63
$29,744,788 63
Cash on Deposit in Banks, amount in each : —
Central National Bank, B o sto n ,.................................................................... $16,816 60
Commercial National Bank, B o s t o n ,............................................................
25,346
Eliot National Bank, B o s t o n , ....................................................................
27,709
Faneuil Hall National Bank, B o sto n ,............................................................
53,381
Mechanics National Bank, B o s t o n , ............................................................
5,748
National Bank of the Commonwealth, B o s to n ,...........................................
133,739
National Security Bank, Boston,....................................................................
109,169
National Shawmut Bank, Boston......................................................................
121,138
Second National Bank, B o s t o n ,....................................................................
442,003
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
04
24
98
79
53
70
76
87
No. 8.]
51
SAYINGS BANK COMMISSIONERS
Boston Five Cents Savings Bank — Continued.
Winthrop National Bank, B o s t o n , ............................................................ $124,576 49
Pocasset National Bank, Fall R i v e r ,............................................................
30,000 00
National Union Bank, Fall R i v e r , ............................................................
20,000 00
First National Bank, M a l d e n , ....................................................................
25,000 00
Pynchon National Bank, Springfield,............................................................
15,000 00
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
100,000 Massachusetts 3 i s , .........................................................................
100,000 00
Loans on Bank Stock, amount on each: —
62 shares National Security Bank, Boston,................................................... $4,000 00
70 shares Atlas National Bank, B o s t o n , ...................................................
5,500 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., 3£s,
of Boston, Mass., 4s,.
of Boston, Mass,, 5s,.
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s,
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 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., 3£s, .
of Northampton, Mass., 4s,
of Quincy, Mass., 4s,
of Salem, Mass., 5s, .
of Somerville, Mass , 4s, .
of South Norwalk, Conn., 4s, .
Town of Beverly, Mass., 4s,
of Danvers, Mass., 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$148,000 $160,475 00 $148,000 00
80,000
84,000 00
80,000 00
50,000
51,000 00
50,000 00*
907,350 00
870,000
870,000 00
459,000
500,160 00
459,000 00
81,270
81,676 35
81,270 00
130,500
139,403 75
130,500 00
26,000
26,910 00
26,000 00
223,000
243,422 50
223,000 00
20,000
20,100 00
20,000 00*
21,000
22,837 50
21,000 00
8,000
8,320 00
8,000 00
120,000
122,400 00
120,000 00
365,000
388,100 00
365,000 00
126,000
132,060 00
126,000 00
248,000
275,280 00
248,000 00
100,000
113,000 00
100,000 00
23,000
23,115 00
23,000 00
211,000
217,915 00
211,000 00
10,000
10,350 00
10,000 00
193,000
195,895 00
193,000 00
17,000
17,170 00
17,000 00
196,000 00
196,000
212,660 00
100,000
105,500 00
100,000 00*
23,000 00
23,000
24,322 50
33,000
34,237 50
33,000 00
100,000
103,500 00
100,000 00
269,000
288,502 50
269,000 00
29,000
29,145 00
29,000 00
21,000
22,260 00
21,000 00
49,000
50,592 50
49,000 00
* Legal Investments when made.
52
REPORT OF THE
[Pub. Doc,
Boston Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.
Town of
of
of
of
of
Melrose, Mass , 4s,
Spencer, Mass., 4s,
Walpole, Mass., 4s, .
Wejunouth, Mass., 4s,
No. Attleborough, Mass.
(Fire Dist.), 4s, .
of
North Easton, Mass.
(Village Dist.), 4s,
$40,000
5,000
20,000
50,000
Estimated
Market Value.
$44,900
5,400
20,200
51,750
00
00
00
00
Amount Invested.
$40,000
5,000
20,000
50,000
00
00
00
00
72,000
75,600 00
72,000 00
42,000
44,415 00
42,000 00
$4,578,770 $4,853,925 10 $4,578,770 00
Detailed Statement o f Ba?ik Stocks.
Xfl
O a>
Estimated
Market Value.
Ä 55
Atlas National Bank, Boston, .
Blackstone N’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,.
National Bank of the Commonwealth, Boston,
108 N’l B’k of Redemption, Boston,
150 N’l B’k of the Republic, Boston,
202 National City Bank, Boston, .
101 Nat’l Exchange Bank, Boston,
216 N’l Hide & Leather B’k, Boston,
200 Nat’l Rockland Bank, Boston,.
500 Nat’l Shawmut Bank, Boston,.
50 National Union Bank, Boston,
96 Nat’l Webster Bank, Boston, .
515 Second National Bank, Boston,
216 Shawmut Nat’l Bank, Boston,.
161 State National Bank, Boston, .
150 Suffolk National Bank, Boston,
35 Third National Bank, Boston,.
150 Tremont Nat’l Bank, Boston, .
150 Washington N’l Bank, Boston,
380 Winthrop Nat’l Bank, Boston,
50 First Nat’ l Bank, Marlborough,
100 Third Nat’l Bank, Spi'ingfield,
250
274
130
250
62
47
168
280
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
6,302
13,000
25,000
6,200
4,700
16,800
$26,750
1,370
13,650
43,750
6,262
8,225
21,168
00
00
00
00
00
00
00
$25,000 00
28,000
10,800
15,000
54,880
13,500
22,650
1,010
14,140
26,784
25,600
100,000
7,550
9,984
92,700
216
17,871
17,250
3,710
1,500
16,650
60,800
6,000
22,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
28,000 00
10,800 00
15,000 00
10,100 00
21,600 00
20,000 00
50,000 00
5,000 00
9,600 00
51,500 00
_
16,100 00
15,000 00
3,500 00
1,500 00
15,000 00
38,000 00
5,000 00
10,000 00
-
10,100
21,600
20,000
50,000
5,000
9,600
51,500
-
16,100
15,000
3,500
7,500
15,000
38,000
5,000
10,000
$428,702
-
13,000
25,000
6,200
4,700
16,800
00
00
00
00
00
$635,970 00 $416,400 00
No. 8.]
SAYINGS BANK COMMISSIONERS
53
Boston Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4s,.
Boston & Maine R.R 4s, .
Boston & Maine R.R. 4is,
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 «fe Lawrence R.R. 4s,
New York & New England R.R. 6s,
New York, New Haven <&Hartford
R.R. 3¿s,
..................................
Old Colony R.R. 4s, .
Estimated
Amount Invested.
Market Value.
$300,000 $300,000 00 $300,000 00
6,000
6,000 00
6,720 00
95,000
102,600 00
95,000 00
300,000
345,000 00
300,000 00
50,000
50,000 00
63,000 00
252,000
252,000 00
262,080 00
18,000
18,990 00
18,000 00
69,685
69,685 00
77,698 78
25,000
27,750 00
25,000 00
200,000
202,000 00
200,000 00
189,660 00
174,000 00
174,000
290,000
311,750 00
290,000 00
100,000
800,000
104,500 00
884,000 00
100,000 00
800,000 00
$2,679,685 $2,895,748 78 $2,679,685 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$15,000
1,053,882
30,748
100,000
40,000
1,716,500
100,000
115,000
00
21
79
00
00
00
00
00
0 per cent.
2
2è
33/20
33/10
H
33/5
3|
“
“
“
“
“
«
“
Amount.
$2,953,500
258,500
8,345,900
675,000
2,554,900
121,000
1,520,150
13,000
Rate.
00
00
00
00
00
00
00
00
3f per cent.
34
4
4fr
44
4$
4è
<<
<<
a
<<
u
a
«
Amount.
$375,350
1,543,041
9,600
104,650
144,600
39,290
2,000
1,700
Rate.
00
29
00
00
00
00
00
00
4| per cent.
5
“
5i
5f
H
“
6
64
“
6*
“
Amount invested in real estate for banking purposes,.................................. $195,000 00
Estimated value of the s a m e , ....................................................................
225,000 00
Assessed value of the sam e,.................................................................... ........
320,000 00
Net income received from same during year ending Oct. 31, 1901,
.
.
524 18
Number of loans which are of an amount not exceeding $3,000 each, 433
Aggregate amount of the same..........................................................................
800,931 29
Total number of loans upon real e s t a t e , ...........................................900
Amount of investments from which no income is received,.
.
.
.
15,000 00
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1901.......................................................................... 1,200,226 90
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., $436,787 62 | g^g ggg gg
during the year ending Oct. 31, 1901, .
. 1 If per cent., 442,849 01 i
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
54
REPORT OF THE
[Pub. Doc
Boston Five Cents Savings Bank — Concluded.
Number of accounts opened during the year ending Oct. 31, 1901, 18,158
Number of accounts closed during the year ending Oct. 31, 1901,
11,111
Total number of open accounts Oct. 31, 1901,
.
.
.
.
172,427
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... $67,877 55
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,..................................................................................... 6,348,577 88
Number of s a m e ,............................................................................. 166,275
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 1 , .............................................................................................. 6,374,555 72
Number of s a m e ,............................................................................. 123,099
Date of examination by commissioner : October 28 and 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
55
SAVINGS BANK COMMISSIONERS
BOSTON P E N N Y S A V IN G S B A N K — BOSTON.
Incorporated March 9, 1861. Present number of corporators, 84.
Jo h n R e y n o l d s ,
President.
Louis M.
Treasurer.
W il l ia m H . D u r k e e ,
Cl a r k ,
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
T homas
N.
H art,
L e w is
Jo h n R e y n o l d s ,
F.
P erry,
W il l ia m A . R ust,
A l b e r t H . H ig g in 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 Sh e e t O ct . 31,1901.
L ia b ilit ies .
A ssets .
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .
$100,000 00
125,000
1,833,900
773,800
70,564
860
6,377
00
00
00
88
01
84
Deposits, .
Guaranty fund,
Interest account,
$2,778,207 98
92,200 00
40,094 75
$2,910,502 73
$2,910,502 73
Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston,...........................................$22,981 50
47,583 38
Shoe and Leather National Bank, Boston,...................................................
Detailed Statement o f Railroad Bonds.
*
Par Value.
Chic., Burlington & Quincy R.R. 3£s,
Illinois Central R.R. 3às, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$50,000
50,000
$51,500 00
51,000 00
$50,000 00
50,000 00
$100,000
$102,500 00
$100,000 00
56
[Pub. Doc,
REPORT OF THE
Boston Penny Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$22,981
47,583
150.000
303.000
Kate.
50
38
00
00
2 per cent.
2è
“
4
“
4|
Amount.
$366,700 00
110,000 00
25,000 00
Kate.
4£ per cent.
4f
“
4J
«
Amount.
Rate.
$1,627,000 00
15,100 00
10,900 00
5 per cent.
5è
“
6
«
Amount invested in real estate for banking purposes,.................................. $125,000
125,000
Estimated value of the s a m e , ....................................................................
80,000
Assessed value of the sam e,.............................................................................
3,924
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 116
215,070
Aggregate amount of the s a m e ,....................................................................
Total number of loans upon real e s t a t e , ...........................................333
Gross amount of interest or profits received or earned, as per books, dur
138,341
ing year ending Oct. 31, 1 9 0 1 , .....................................................................
Times for the dividends fixed by the by-laws: second Wednesday in April
and October; payable the day following.
Rate and amount of eachsemi-annualdividend f 2 percent.,
$48,275 08 )
98,625
during the year ending Oct. 31, 1901, .
.1 2
percent.,
50,350 73 )
Number of accounts opened during the year ending Oct. 31, 1901,
2,425
Number of accounts closed during the year ending Oct. 31, 1901,
1,892
Total number of open accounts Oct. 31, 1901,
.
.
.
.
10,637
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
10,900
.....................................................................................
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
721,995
Number of s a m e ,.................................................................................... 16,828
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
600,755
Number of s a m e ,....................................................................................10,995
Date of examination by commissioner: March 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
35
00
16
81
16
96
50
No. 8.]
57
SAYINGS BANK COMMISSIONERS.
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.
B e n j a m in
F.
D yek,
C.
Present number of corporators, 36.
President.
H a r r is o n H o b a r t ,
C. H a r r is o n H o b a r t , Treasurer.
Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
B e n j a m in
F.
L. B.
Dyer,
H o l l is ,
N . H . H unt.
Open for business every business day, 8 a . m . to 6 p . m .
Balance
Sh eet
O c t . 31, 1901.
A ssets .
L ia b il it ie s .
$23,000
24,330
78.000
20.000
169,344
31,000
8,718
63
1,290
259
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,
Deposit in bank, on interest,
Expense account,
Premium account,
Cash on hand, .
.
.
.
00
00
00
00
00
00
36
48
00
83
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$335,391 57
10,533 76
7,003 56
3,076 78
$356,005 67
$356,005 67
Cash on Deposit in Bank : —
$8,718 36
National Shawmut Bank, Boston,
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, .
of Chatham, Mass., 4£s,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
5,000
5,000
2,000
5,000
1,000
$23,000
Estimated
Market Value.
$5,550
5,475
5,650
2,080
5,575
1,007
00
00
00
00
00
50
$25,337 50
Amount Invested.
$5,000
5,000
5,000
2,000
5,000
1,000
00
00
00
00
00
00
$23,000 00
58
[Pub. Doc
REPORT OF THE
Braintree Savings Bank — Continued.
Ho. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
20
23
15
20
7
28
8
6
36
45
25
15
17
8
25
16
Blackstone Nat’l Bank, Boston,
Central National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Manufacturers N’l B’k, Boston,
Merchants Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k. Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Brockton Nat’l Bank, Brockton,
Union Market National Bank,
Watertown, .
.
.
.
11 Union Nat’l Bank, Weymouth,
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$60 00
2,300 00
1,500 00
2,500
1,500
850
800
2,500
$100
2,714
1,515
60
1,225
2,716
1,120
744
7,200
45
3,750
1,665
170
1,280
2,950
1,600
1,100
2,160 00
858 00
1,600 00
1,100 00
$23,610
$30,272 00
$24,330 00
$460
2,300
1,500
-
700
2,800
800
600
3,600
-
-
700
2,800
800
600
5,400
00
00
00
00
00
-
2,500
1,500
170
800
2,500
00
00
00
00
00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Concord & Montreal R.R. 6s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy 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. 4£s, .
Newport & Richford R.R. 5s, .
N, Y. & N. E. R.R. (terminal), 4s, .
Old Colony R.R. 4 s,.
Penobscot Shore Line R.R. 4 s,.
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ..................................
Upper Coos R.R. 4is,
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$5,000
$6,000 00
5,000
5,730 00
3,000 • 3,060 00
1,000
1,095 00
8,650 00
8,000
1,092 50
1,000
5,000
5,050 00
2,110 00
2,000
3,300 00
3,000
5,000
5,375 00
5,000
6,050 00
10,000
11,350 00
5,000
5,475 00
5,000
5,000
5,000
5,000
$78,000
6,100
5,750
5,087
5,600
00
00
50
00
$86,875 00
A legal investment when made.
Amount Invested.
$5,000
5,000
3,000
1,000
8,000
1,000
5,000
2,000
3,000
5,000
5,000
10,000
5,000
5,000
5,000
5,000
5,000
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
$78,000 00
No. 8.]
59
SAVING'S BANK COMMISSIONERS.
Braintree Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Estimated
Market Value.
Amount Invested.
.
Boston Terminal Company 3£s,
$20,000
$23,200 00
$20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$8,718 36
20,000 00
10,000 00
2 per cent.
4
“
4|
«
Amount.
Rate.
$105,715 00
2,500 00
5 per cent.
5h
“
Amount.
$60,729 00
1,400 00
Rate.
6 per cent.
7
Number of loans which are of an amount not exceeding $3,000 each, 159
Aggregate amount of the s a m e , .................................................................... $154,544 00
Total number of loans upon real e s t a t e , ...........................................153
Gross amount of interest or profits received or earned, as per books, during
16,091 23
year ending Oct. 31, 1901................................................................................
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.,
$5,648 48 1 11,672 45
during the year ending Oct. 31, 1901,
.
i 2 per cent.,
6,023 97 1
Number of accounts opened during the year ending Oct. 31, 1901,
. 219
Number of accounts closed during the year ending Oct. 31, 1901,
. 162
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,092
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
870 39
clusive of ta x e s,.............................................................................................
Amount of deposits, not including dividends, received during the year
91,685 36
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of same..................................................................................1,418
Amount of withdrawals, including dividends, during the year ending
64,030 37
Oct. 31, 1 9 0 1 , .............................................................................................
Number of s a m e ,..................................................................................... 990
Date of examination by commissioner: January 17.
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, 21.
President.
S a m u e l P. G a t e s , Treasurer.
G e o r g e M. H o o p e r , Clerk of the Corporation.
L a fa y e t t e K e it h ,
Names of committee charged with the investment of its funds:
Sa m u e l
P.
Gates,
P a u l 0 . Cl a r k ,
G u s t a v u s J. L o w e ,
Jo h n H . F a ir r a n k s ,
E dw ard
A.
H e w it t .
Open for business every business day, 8 a . m . to 12.30 p . m . ; 1.30 to 6 p . m .
B a l a n c e Sh e e t O ct . 31,1901.
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, not on interest,
Expense account,
Cash on hand, .
. . .
L ia b il it ie s .
$66,000
51,816
200
140,375
5,000
00
75
00
00
00
5,450
13,200
343,189
76,223
285
811
694
1,386
00
00
79
91
00
73
05
76
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$704,632 99
$664,619 03
33,800 00
4,596 27
1,561 69
56 00
$704,632 99
Cash on Deposit in Bank: —
First National Bank, Boston.............................................................................
$811 73
Loans on Bank Stock, amount on each: —
1
3
share Wachusett National Bank, Fitchburg............................................
shares First National Bank, B o s t o n , ................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$100 00
100 00
No. 8.]
SAYINGS BANK COMMISSIONERS
61
Bridgewater Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
of
of
of
of
of
of
of
of
Bay City, Mich., 5s,
Boston, Mass., 5s,
Canton, Ohio, 5s, .
Chicago, 111., 4s, .
Cleveland, Ohio, 5s,
Dayton, Ohio, 5s, .
Kansas City, Mo., 4às, .
Lewiston, Me., 5s,
Milwaukee, Wis., 5s, .
Saginaw, Mich., 5s,
Springfield, Ohio, 5s, .
9
Estimated
Market Value.
$10,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
15,000
1,000
5,000
$11,875
5,337
5,212
5,487
5,025
5,787
5,675
6,075
16,837
1,030
5,837
00
50
50
50
00
50
00
00
50
00
50
$66,000
$74,180 00
Amount Invested.
$10,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
15,000
1,000
5,000
00
00
00
00
00*
00
00
00
00
00
00
$66,000 00
* A legal investment when made.
No. of
Shares.
Detailed Statement of Bank Stocks.
13 Abington N’l B’k, Abington, .
50 Blackstone N’l B’k, Boston,
44 Boylston Nat’l Bank, Boston, .
10 Faneuil Hall N’l B’k, Boston, .
40 Fourth Nat’l Bank, Boston,
20 Freemans Nat’l B’k, Boston, .
10 Merchants N’l Bank, Boston, .
30 N’l B’k of Redemption, Boston,
20 Nat’l Rockland Bank, Boston,.
6 Nat’l Security Bank, Boston, .
69 Nat’l Shawmut Bank, Boston,.
24 Shawmut Nat’l Bank, Boston,.
10 South End Nat’l B’k, Boston, .
30 State National Bank, Boston, .
10 Washington Nat’l B’k, Boston,
30 Brockton N ’l Bank, Brockton,.
22 Home Nat’l Bank, Brockton, .
25 Blue Hill Nat’l B’k, Milton, .
8 Plymouth N’l B’k, Plymouth, .
36 Bristol Co". N’l B’k, Taunton, .
20 Taunton Safe Deposit & Trust
Company, Taunton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$1,300
1,150
4,400
1,000
4,000
2,000
1,000
3,000
2,000
600
6,900
_
1,000
3,000
1,000
3,000
2,200
2,500
800
3,600
Estimated
Market Value.
$1,326
250
4,620
1,300
5,000
2,020
1,750
3,750
2,560
1,500
13,800
24
750
3,330
1,110
3,540
3,850
2,950
840
4,320
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
1,300 00
1,150 00
5,546 75
1,000 00
4,000 00
2,000 00
1,000 00
3,000 00
2,770 00
600 00
10,350 00
_
1,000 00
3,000 00
1,000 00
3,000 00
2,200 00
2,500 00
800 00
3,600 00
2,000
2,000 00
2,000 00
$46,450
$60,590 00
$51,816 75
[Pub. Doc,
REPORT OF THE
62
Bridgewater Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Bennington & Rutland R.R. 44s,
Boston & Maine R.R. 44s,
Boston, Revere Beach & Lynn R.R.
4 4 s , ...........................................
Fitchburg R R. 4s, .
Fitchburg R.R. 44s, .
.
.
.
Fitchburg R R. 5s, .
Illinois Central R.R. 34s, .
Illinois Central R.R. 4s, .
Illinois Central R R. os, .
Mahoning Coal R R. 5s, .
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 ,...........................................
Troy & Boston R.R. 7s, .
Upper Coos R.R. 44s,
Estimated
Market Value.
Amount Invested.
$5,000
10,000
$5,500 00
12,600 00
$5,000 00
10,000 00
15,000
5,000
5,000
5,000
10,000
15,000
5,000
5,000
20,000
5,000
10,000
17,400
5,075
5,550
5,450
10,100
17,100
5,500
6,500
26,000
5,375
11,350
15,975
5,000
5,000
5,000
10,000
15,000
5,000
6,537
20,000
5,000
10,000
10,000
5,000
5,000
13,300 00
7,650 00
5,750 00
$135,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
10,000 00
7,862 50
5,000 00
$160,200 00 $140,375 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 34s,
$5,000
Estimated
Market Value.
$5,800 00
Amount Invested.
$5,000 00
Total Amount of Loans, with Each Specified Rate o f Interest.
Amonnt.
$265 79
4,000 00
Bate.
0 per cent.
4
“
Amount.
$31,000 00
246,125 00
Kate.
44 per cent.
5
Kate.
Amount.
$3,500 00
135,007 91
54
6
per cent.
“
Amount invested in real estate for banking purposes,.................................. $5,450 00
Estimated value of the same...............................................................................
5,450
Assessed value of the s a m e ,.............................................................................
6,000
Net income received from same during year ending Oct. 31, 1901,
.
.
109
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
13,200
Assessed value of same,.....................................................................................
8,150
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
90
00
00
No. 8.]
SAYINGS BANK COMMISSIONERS.
63
Bridgewater Savings Bank — Concluded.
Net income received from same during year ending Oct. 31, 1901,
$561
Number of loans which are of an amount not exceeding $3,000 each, 247
Aggregate amount of the same..........................................................................
222,098
Total number of loans upon real e s t a t e , ...........................................238
Amount of investments from which no income is received, .
.
.
.
18,265
Gross amount of interest or profits received or earned, as per books, dur
ing year ending Oct. 31, 1901..........................................................................
33,003
Times for the dividends fixed by the by-laws: April 1 and October 1;
payable on same days.
Rate and amount of eachsemi-annual dividend f
If per cent.,$11,112 99)
22,205
during the year endingOct.31,1901,.
.
I If per cent.,
11,092 31 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 279
Number of accounts closed during the year ending Oct. 31, 1901,
. 215
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,159
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
2,573
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
125,419
Number of s a m e ,..................................................................................... 1,952
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1901......................................................................................................
143,158
Number of s a m e ,..................................................................................... 1,827
Date of examination by commissioner: May 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
51
70
79
24
30
83
69
99
64
[Pub. Doc.
REPORT OF THE
B R IG H T O N F IV E CENTS S A V IN G S B A N K — (W ard 25)
BOSTON.
Incorporated March 28, 1861. Present number of corporators, 78.
N.
W a r r e n Sanborn,
President.
G e o r g e E. B r o c k , Treasurer.
E. B r o c k , Clerk of the Corporation.
G eorge
Names of committee charged with the investment of its funds:
N.
W a r r e n Sa n b o r n ,
B e n j a m in
W ebster F . W a r r e n ,
G r a n v il l e
M.
F is k e ,
F rank G. N e w h al l ,
A.
F uller.
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 . ; and for deposits only, 7 to 9 p m .
B a l a n c e S h e e t O c t . 31,1901.
L ia b ilit ies .
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,
Deposit in bank, on interest,
Expense account,
Suspense account,
Furniture and fixtures,
Cash on hand, .
.
.
.
$133,200 00
21,369 00
323,219 50
2 0 ,0 0 0 00
7 ,0 0 0 00
4,827
635,755
60,600
22,910
1,101
226
500
3,410
90
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Due on mortgage
loans, .
Rent account, .
$1,173,451 18
27,600 0 0
18,495 00
4,194 16
10,354 28
25 32
00
37
31
00
00
86
$1,234,119 94
$1,234,119 94
Cash on Deposit in Bank : —
National Market Bank of Brighton, B o s t o n , ........................................... $22,910 37
Detailed Statement o f Public Funds.
Par Value.
County
City of
of
of
of
of Aroostook, Me., 4£s,
Belfast, Me., 4s, .
Boston, Mass., 4s,
Bridgeport, Conn., 4s, .
Brockton, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
10,000
5,000
5,000
5,000
Estimated
Market Value.
$5,500
10,950
5,575
5,600
5,305
00
00
00
00
00
Amount Invested.
$5,000
10,000
5,000
5,000
5,000
00
00
00
00
00
No. 8.]
65
SAYINGS BANK COMMISSIONERS
Brighton Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.
City of Central Falls, R. I., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 5s,
of Dayton, Ohio. 4s, .
of Everett, Mass., 4s,
of Kansas City, Mo , 4 ¿s,.
of Lynn, Mass., 4s, .
of Newton, Mass , 4s,
of Saginaw, Mich., 5s,
of St. Joseph, Mo., 3¿s, .
Town of Winchester, Mass., 4s,
Estimated
Market Value.
$5,000
2,000
10,000
5,000
3,000
5,000
5,000
25,0C0
6,000
10,000
2,400
20,000
4,000
$132,400
$5,325
2,120
10,975
5,535
3,075
5,012
5,587
28,250
6,210
11,650
2,412
20,400
4,370
00
00
00
00
00
50
50
00
00
00
00
00
00
Amount Invested.
$5,000
2,000
10,000
5,000
3,000
5,050
5,000
25,000
6,000
10,000
2,400
20,750
4,000
00
00
00
00
00*
00
00
00
00
00
00
00
00
$143,852 00 $133,200 00
* A legal investment when made.
No. of 1
Shares, j
Detailed Statement o f Bank Stocks.
8
12
5
15
14
25
10
30
10
30
13
18
21
13
10
6
10
12
5
4
Par Value.
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,.
N’l Hide & Leather B’k, Boston,
N’l Market Bank of Brighton,
Boston,..................................
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
First National Bank, Lynn,
Union Market National Bank,
Watertown, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$184
1,200
500
1,500
1,400
250
1,000
3,000
1,000
$40
1,260
590
2,250
1,414
75
1,750
3,000
1,240
00
00
00
00
00
00
00
00
00
$184
1,200
500
1,500
1,400
250
1,000
3,000
1,000
3,000
1,300
1,800
3,000
1,352
1,782
21
1,950
1,110
690
1,060
120
550
00
00
00
00
00
00
00
00
00
00
3,000 00
1,300 00
1,800 00
1,300 00
1,000 00
600 00
835 00
600 00
500 00
400
540 00
400 00
$21,534
$23,794 00
$21,369 00
-
1,300
1,000
600
1,000
600
500
00
00
00
00
00
00
00
00
00
REPORT OF THE
66
[Pub. Doc
B rig h to n F iv e C ents Savings B ank — 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, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R, 4ès, .
.
.
.
Fitchburg R.R 5s, .
Illinois Central R.R. 3ès, .
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 Central R.R. 7s,
New York & New England R.R. 7s,
New York, New Haven & Hartford
R R. 3 i s , ..................................
Old Colony R.R. 4s, .
Penobscot Shore Line R.R, 4s,
Portsmouth, Great Falls & Conway
R.R. 4 é s , ..................................
St. Johnsbury & Lake Champlain
R.R. 5s.............................................
Troy & Boston R.R. 7s, .
Winona & St. Peters R.R. 7s, .
Estimated
Market Value.
$10,700
32,370
7,980
3,180
35,700
10,950
10,900
35,180
4,440
5,450
10,100
22,800
16,800
1,710
7,800
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
$10,000
30,000
7,000
3,000
35,137
11,075
9,997
33,482
4,000
5,000
9,962
22,650
16,000
1,500
6,000
00
00
00
00
50
00
50
50
00
00
50
00
00
00
00
10,000
500
5,000
8,000
11,150 00
642 50
5,200 00
8,840 0 0
10,000
6,47
5,000
8,000
00
50
00
00
20,000
9,000
20,000
20,900 00
10,065 00
21,400 00
21,050 00
9,000 00
22,050 00
10,000
12,300 00
10,000 00
10,000
10,000
5,000
13,300 00
15,300 00
6,975 00
10,000 00
15,542 00
7,125 00
$307,000 $342,132 50
$323,219 50
$ 1 0 ,0 0 0
30,000
7,000
3,000
35,000
10,000
10,000
32,000
4,000
5,000
10,000
20,000
16,000
1,500
6,000
00
00
00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3às,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
Estimated
Market Value.
$23,200 00
Amount Invested.
$20,000 00
No. 8.]
67
SAYINGS BANK COMMISSIONERS
Brighton Five Cents Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$22,910 37
15.000 00
2 0 .0 0 0 00
Kate.
2
per cent.
3|
4è
Amount.
$ 1 0 ,0 0 0 00
525,900 00
Kate.
4| per cent.
5
“
Amount.
$37,550 00
87,905 00
Rate.
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 sam e,............................................................................
7,400 00
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
4,827 90
Assessed value of the sam e,............................................................................
8,700 00
Number of loans which are of an amount not exceeding $3,000 each, 189
Aggregate amount of the s a m e ,....................................................................
287,455 00
Total number of loans upon real e s t a t e , ...........................................253
Amount of investments from which no income is received,
.
.
.
9,534 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1901.................................................................................
51,200 23
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 f 1| per cent., $17,313 911 ^ ggg ^
during the year ending Oct. 31, 1901,.
.
I If per cent.,
18,555 81 i
’
Number of accounts opened during the year ending Oct. 31, 1901,
. 724
Number of accounts closed during the year ending Oct. 31, 1901,
. 446
Total number of open accounts Oct. 31, 1901,
.
.
.
.
4,672
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
2,898 44
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
279,067 91
Number of s a m e ,.............................................................................5,816
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
195,201 81
Number of same, .
...........................................3,237
Date of examination by commissioner : January 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
68
[Pub. Doc.
REPORT OF THE
BR ISTOL C O U N T Y S A V IN G S B A N K — T A U N T O N .
Incorporated March 2, 1846. Present number of corporators, 71.
J o s e p h E . W i i ,p.Ait,
President.
Treasurer.
A lfr ed C. P l a c e ,
A lfred C. P l ac e ,
Clerk of the Corporation.
Names of committee charged with the investment of its funds:
Jo s e p h E . W i l b a r ,
W il l ia m H . F o x ,
S il a s D . P r e s b r e y ,
Z acheus Sh e r m a n ,
E zra D a vol.
Open for business every business day except Saturdays, 9
9 a m . to 4 P.M.
a .m .
to 1 p .m . ; Saturdays,
B a l a n c e S h eet O c t . 31, 1901.
L ia b il it ie s .
A ssets .
Public funds, as per schedule, . $1,073,000 00
245,200 00
Bank stock, as per schedule,
6,050 00
Loans on bank stock,
820,000 00
Railroad bonds, as per schedule,
2 0 0 ,0 0 0 0 0
Boston Terminal Co. bonds,
Real estate (for banking pur
25,000 00
poses) , ..................................
1,227,995 00
Loans on real estate, .
1,394,050 00
Loans on personal security,
Loans to counties, cities or towns
98,400 00
(notes).......................................
168,085 65
Deposits in banks, on interest, .
625 89
Expense account,
2,339 12
Cash on hand, . . .
.
$5,260,745
66
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$4,980,449 30
250,000 00
23,711 72
6,584 64
$5,260,745
66
$84,208
25,264
19,953
38,659
47
42
42
34
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
National Exchange Bank, Boston,
Pynchon National Bank, Springfield, .
Bristol County National Bank, Taunton,
.
Loans on Bank Stock, amount on each: —
50 shares Taunton National Bank, Taunton,
7 shares Taunton National Bank, Taunton,
10 shares Taunton National Bank, Taunton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000 00
400 00
650 00
No. 8.]
69
SAYINGS BANK COMMISSIONERS
Bristol County Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
City of Brockton, Mass., 4s, .
of Brockton, Mass., os,
of Chelsea, Mass , 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 4s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s,.
of Detroit, Mich., 4s,
of Gloucester, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4s, .
of Kansas City, Mo , 4£s,.
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Manchester, N. H., 4 s,.
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. I., 5s, .
of Somerville, Mass., 4s, .
of Springfield, Ohio, 4£s,.
of Taunton, Mass., 4s,
of Woonsocket, R. I., 4s, .
Town of Cranston, R. I., 4s,
of Rockland, Mass., 4s, .
.
$50,000
30,000
5,000
50,000
100,000
30,000
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
23,000
20,000
20,000
50,000
50,000
50,000
20,000
Estimated
Market Value.
$54,750
32,300
5,625
53,250
106,000
30,075
51,450
20,250
55,750
26,000
56,125
53,000
26,125
28,250
20,550
52,750
26,875
27,187
15,600
39,725
32,700
10,225
55,375
20,900
24,840
20,575
22,307
55,125
53,700
54,562
21,300
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
50
00
Amount Invested.
$50,000
30,000
5,000
50,000
100,000
30,000
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
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
00
$1,073,000 $1,153,247 50 $1,073,000 00
* Legal investments when made.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
100
100
50
25
100
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
5,000
2,500
10,000
Estimated
Market Value.
$12,200
10,700
5,250
3,750
13,000
00
00
00
00
00
Amount Invested.
$10,000
10,000
5,000
2,500
10,000
00
00
00
00
00
70
REPORT OF THE
[Pub. Doc
Bristol County Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
100
31
150
100
50
100
150
100
100
66
50
100
100
100
50
100
25
100
50
30
100
150
150
100
Par Value.
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Merchants N’l Bank, Boston, .
Metropolitan N’l B’k, Boston,
Mt. Vernon N’l Bank, Boston,
N’l Bank of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,.
National Union Bank, Boston,
Peoples Nat’l Bank, Boston, .
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
First National Bank, Chelsea, .
First Nat’l Bank, North Easton,
Bristol Co. N’l Bank, Taunton,
Machinists N’l Bank, Taunton,
Taunton Nat’l Bank, Taunton,
Third Nat’l Bank, Springfield,
$10,000
3,100
15,000
10,000
5,000
10,000
15,000
10,000
10,000
6,600
5,000
10,000
10,000
10,000
_
10,000
1,250
10,000
5,000
3,000
10,000
15,000
15,000
10,000
$246,450
Estimated
Market Value.
$17,500
3,131
26,250
10,000
4,850
12,600
18,750
15,100
14,000
8,184
6,400
15,100
11,500
18.000
50
11,100
250
11,100
5,000
3,750
12,000
24,000
18,750
22,000
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
$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
6,600 00
5,000 00
10,000 00
10,000 00
10,000 00
10,000 00
$334,265 00
$245,200 00
—
10,000
5,000
3,000
10,000
15,000
15,000
10,000
00
00
00
00
00
00
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, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3£s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3ès, .
Maine Central R.R. 4s,
Maine Central R.R. 4ès, .
New York, New Haven.& Hartford
R.R. 3ès,
...................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
50,000
50,000
50,000
50,000
50,000
40,000
60,000
50,000
25,000
25,000
50,000
Estimated
Market Value.
$55,875
51,425
57,000
54,500
51,000
54,750
43,700
62,950
50,500
26,375
27,500
00
00
00
00
00
00
00
00
00
00
00
52,375 00
Amount Invested.
$50,000
50,000
50,000
50,000
50,000
50,000
40,000
60,000
50,000
25,000
25,000
00
00
00
00
00
00
00
00
00
00
00
50,000 00
No. 8.]
71
SAYINGS BANK COMMISSIONERS.
Bristol Comity 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. 4s............................
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
$50,000
150,000
20,000
50,000
$820,000
Estimated
Market Value.
$58,000
170,250
20,850
54,050
00
00
00
00
Amount Invested.
$50,000
150,000
20,000
50,000
00
00
00
00
$890,600 00 $820,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$ 2 0 0 ,0 0 0
Estimated
Market Value.
$232,000 00
Amount Invested.
$200,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$148,132 23
40,000 00
433,753 42
1 0 0 ,0 0 0 00
2
34
4
4|
per cent.
“
“
“
Amount.
Rate.
$447,500 00
592,700 00
217,100 00
460,800 00
4| per cent.
4Ï
“
4f
5
“
Rate.
Amount.
$10,875 00
107,900 00
335,820 00
5^ per cent.
54
6
»
Amount invested in real estate for banking purposes,.................................. $25,000 00
Estimated value of the s a m e , ....................................................................
30,000
Assessed value of the same................................................................................
31,500
Net income received from same during year ending Oct. 31, 1901,
.
.
26
Number of loans which are of an amount not exceeding $3,000 each, 575
Aggregate amount of the s a m e , ....................................................................
500,290
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 1 , ............................................................
219,254
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 | 2 per cent., $93,997 62 j 1 7 7 ^ 7 3
during the year ending Oct. 31, 1901,.
.
I lif per cent., 83,680 43 J
Number of accounts opened during the year ending Oct 31, 1901,
1,206
Number of accounts closed during the year ending Oct. 31, 1901,
1,113
Total number of open accounts Oct. 31, 1901,
.
.
.
.
11,719
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
66
00
39
05
REPORT OF THE
72
[Pub. Doc.
Bristol County Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
$8,685 98
699,543 49
Number of same.......................................................................8,977
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,.............................................................................9,170
Date of examination by commissioner : May 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
745,681
86
No. 8.]
73
SAVINGS BANK COMMISSIONERS
B R O A D W A Y S A V IN G S B A N K — L A W R E N C E .
Incorporated March 9, 1872.
Present number of corporators, 15.
G i l b e r t E.
President.
G i l b e r t E. H o o d , Clerk of the Corporation.
A lfred A . L a m pr ey,
H ood,
Treasurer.
Names of committee charged with the investment of its funds :
A lfred A . L a m p r ey,
C . A . D e Co u r c y ,
A. A.
W il l ia m
Cu r r ie r ,
F.
R utter,
T h o m as S cott.
Open for business every business day except Saturdays, 9 a . m . to 1 p . m . ; Saturdays,
9 a . m . to 12 M . ; 2 to 3 p . m .
B ala n c e S heet O c t . 31, 1901.
L ia b ilit ies .
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,
Deposits in bank, on interest, .
Deposits in bank, not on interest,
Cash on hand...............................
$256,000
99,350
45,450
288,750
15,000
1,104.651
465,589
17,924
5,000
1,958
00
00
00
00
00
50
76
88
00
76
$2,181,396 26
92,700 00
15,578 64
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
10,000 00
$2,299,674 90
$2,299,674 90
Cash on Deposit in Bank: —
$22,924 88
Lawrence National Bank, Lawrence, .
Loans on Bank Stock, amount on each: —
33 shares Arlington National Bank, Lawrence,.
12 shares Lawrence National Bank, Lawrence, .
29 shares Lawrence National Bank, Lawrence,.
10 shares Arlington National Bank, Lawrence,.
10 shares Merchants National Bank, Lawrence,
3 shares Bay State National Bank, Lawrence, .
9 shares Methuen National Bank, Methuen, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
$4,150 00
1
I
[
Ì
J
4,800 00
[Pub. Doc
REPORT OF THE
74
Broadway Savings B an k— Continued.
11 shares Lawrence National Bank, Lawrence, .
100 shares Methuen National Bank, Methuen, .
150 shares Mechanics National Bank, Boston, .
200 shares Broadway National Bank, Boston, .
.
.
.
.
.
.
.
.
.
.
.
.
$
1,000 00
8,000 00
14,000 00
13,500 00
Detailed Statement o f Public Funds.
Par Value.
Countv of Aroostook, Me., 4is,
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., 3is, .
Town of Ft. Fairfield, Me., 4£s,
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
24,000
10,000
29,000
12,000
5,000
10,000
6,000
Estimated
Market Value.
$11,050
27,500
28,250
58,575
20,600
11,300
16,575
25,200
10,100
29,300
12,725
5,325
10,900
6,050
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$256,000 $273,450 00
Amount Invested
$10,000
25,000
25,000
55,000
20,000
10,000
15,000
24,000
10,000
29,000
12,000
5,000
10,000
6,000
00
00
00
00*
00
00
00
00*
00
00
00
00
00
00
$256,000 00
* Legal investments when made.
No, of
Shares.
Detailed Statement o f Bank Stocks.
50
50
50
100
44
10
186
33
76
100
50
66
85
64
140
Estimated
Par Value.
Colonial Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Manufacturers N’l B’k, Boston,
Nat’l B’k of Commerce, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
National Webster B’k, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Bay State N’ l Bank, Lawrence,
Lawrence N’l Bank, Lawrence,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
5,000
Market Value.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$7,500 00
5,000 00
$87,550 $122,368 00
$99,350 00
-
10,000
-
1,000
18,600
3,300
-
10,000
5,000
6,600
4,250
4,800
14,000
$7,500
7,500
150
12,600
220
1,240
37,200
3,432
76
15,000
5,550
7,590
850
7,360
16,100
Amount Invested.
-
10,000 00
-
1,000 00
27,900 00
3,300 00
-
10,000
5,000
6,600
4,250
4,800
14,000
00
00
00
00
00
00
75
SAYINGS BANK C O M M ISSIO N E D
No. 8.]
*
Broadway Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
Boston & Albany R.R. 5s,
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. 3^s, .
$10,000
50.000
25.000
10.000
50.000
50.000
50.000
25.000
20.000
$290,000
Market Value.
$10,050
51.625
23.750
11,450
54,500
54.750
54.750
28.625
20,100
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
50.000
23,750
10.000
50.000
50.000
50.000
25.000
20.000
00
00
00
00
00
00
00
00
00
$309,600 00 $288,750 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$19,189
17,924
50,000
282,000
Kate.
76
88
00
00
0 per cent.
3
‘¿I
“
4
“
Amount.
$55,000 00
249,083 00
920,943 50
Rate.
4r) per cent.
4à
“
5
Rate.
Amount.
$10,975 00
26,300 00
2,200 00
5.4 per cent.
6
7
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the same................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 328
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................420
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 1 , ...........................................................
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.,
$39,752 58 1
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
40,672 80 1
Number of accounts opened during the year ending Oct. 31, 1901,
1,162
Number of accounts closed during the year ending Oct. 31, 1901,
. 822
Total number of open accounts Oct. 31, 1901,
.
.
.
.
4,899
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,............................................................................ 6,546
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
Number of s a m e ,.............................................................................4,209
Date of examination by commissioner: January 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000 00
18,000 00
424,043 50
19,189 76
101,243 77
80,425 3S
6,017 68
540,506 27
499,539 37
76
REPORT OF THE
[Pub. Doc.
BROCKTON S A V IN G S B A N K — BR OCKTON.
Incorporated March 3, 1881.
Present number of corporators, 50.
B a a l is S a n f o r d , President.
C h a r l e s C. C r o o k e r , Treasurer.
E d w a r d M . T h o m p s o n , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
A. C r a n st o n T h o m p s o n ,
E nos H. R e y n o l d s ,
B a a l is S a n f o r d ,
B r a d fo r d E . Jon es,
G a r d n e r J. K in g m a n .
Open for business every business day except Saturdays, 9
9 a . m . to 12 M.
a .m .
to 2 p . m . ; Saturdays
B a l a n c e S h eet O ct . 31, 1901.
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,
Deposits in banks, on interest, .
Expense account,
Taxes paid,
. . .
.
Furniture and fixtures,
Premium account,
Cash on hand, .
.
.
.
__
L ia b ilit ie s .
$310,880
12,335
409,000
50.000
00
75
00
00
88.000
29,236
1,423,800
756,775
86,044
593
1,706
5,000
13,000
8,543
00
42
00
00
27
46
03
00
00
96
$3,194 914 89
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Real estate income
account,
Suspense account, .
$3,074,750 09
101,000 00
7,501 66
10,000 00
1,349 67
313 47
$3,194,914 89
Cash on Deposit in Banks, amount in each: —
Brockton National Bank, Brockton,............................................................$29,923 96
Home National Bank, Brockton, .
.
.
.
.
.
.
.
.
36,442 41
19,677 90
Massachusetts Loan and Trust Company, B o s t o n ,..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
77
SAYINGS BANK COMMISSIONERS
Brockton Savings Bank — Conti mied.
Detailed Statement o f Public Funds.
Par Value.
District of Columbia 6s, .
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, .
Town of Melrose, Mass., 4s, .
of Middleborough, Mass , 4s,
of Orange, Mass., 4s,
Estimated
Market Value.
17,000
30,000
18,000
74,880
25,000
25,000
35,000
4,000
6,000
25,000
21,000
25,000
5,000
10,000
$310,880
$7,175
30,125
18,450
80,090
25,625
28,375
39,025
4,220
6,330
29,000
21,612
28,250
5,310
10,525
00
00
00
00
00
00
00
00
00
00
50
00
00
00
Amount Invested.
$7,000
30,000
18,000
74,880
25,000
25,000
35,000
4,000
6,000
25,000
21,000
25,000
5,000
10,000
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
$334,112 50 $310,880 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Estimated
Par Value.
50 Third National Bank, Boston,.
9 Tremont Nat’l Bank, Boston, .
50 Brockton N’l Bank, Brockton,
20 Home Nat’l Bank, Brockton, .
$5,000
450
5,000
2,000
$12,450
Market Value.
$5,300
90
5,900
3,500
00
00
00
00
$14,790 00
Amount Invested.
$5,000
335
5,000
2,000
00
75
00
00
$12,335 75
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. 3£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11,000
25,000
30,000
50,000
Estimated
Market Value.
$12,320
26,775
32,950
51,000
00
00
00
00
Amount Invested.
$11,000
25,000
30,000
50,000
00
00
00
00
[Pub. Doc.
REPORT OF THE
78
Brockton Savings B ank— Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R R 4s,
Fitchburg R.R. 5s, .
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. Sis,
..................................
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Rumford Falls & Rangeley Lakes
R.R. 5s, .
.
.
.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
$10,000
20,000
20,000
45,000
5,000
25,000
6,000
Estimated
Amount Invested.
Market Value.
$10,900
23,100
20,400
45,450
5,700
32,500
6,480
00
00
00
00
00
00
00
$10,000
20,000
20,000
45,000
5,000
25,000
6,000
00
00
00
00
00
00
00*
50,000
33,000
22,000
52,250 00
37,065 00
23,540 00
50,000 00
33,000 00
22,000 00
10,000
12,000 00
10,000 00
25,000
9,000
13,000
33,250 00
9,180 00
13,925 00
25,000 00
9,000 00
13,000 00
$409,000 $448,785 00 $409,000 00
* A legal investment, when made.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3is,
$50,000
Estimated
Amount Invested.
Market Value.
$58,000 00
$50,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount..
$66,366
19,677
25.000
25.000
Kate.
37
90
00
00
2 per cent.
3
“
3|
“
3f
»
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$701,000
73.000
190,300
25.000
Kate.
00
00
00
00
4 per cent.
4*
“
4i
“
4|
“
Amount.
$910,425
19,450
209,900
1,500
Kate.
00
00
00
00
5 per cent.
54
“
6
“
64
“
No. 8.]
SAYINGS BANK COMMISSIONERS.
79
Brockton Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................. $88,000 00
Estimated value of the s a m e , ....................................................................
100,000
Assessed value of the s a m e ,............................................................................
96,750
Net income received from same during year ending Oct. 31, 1901,
.
.
605
Value, by books, of other real estate, held or owned by foreclosure or
29,236
otherwise,............................................................................ ........
Assessed value of the sa m e ,.......................................... ........
47,750
Number of loans which are of an amount not exceeding $3,000 each, 470
Aggregate amount of the s a m e , ....................................................................
517,300
Total number of loans upon real e s t a t e , ...........................................529
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ...........................................................
129,407
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 j 1§ per cent., $47,045 38 1 gduring the year ending Oct. 31,1901,.
.
1 1| per cent.,
48,827 12 i
Number of accounts opened during the year ending Oct. 31, 1901,
2,348
Number of accounts closed during the year ending Oct. 31, 1901,
1,519
Total number of open accounts Oct. 31, 1901.................................. 12,210
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
7,780
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
867,372
Number of s a m e ,................................................................................... 16,199
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
708,295
Number of s a m e ,................................................................................... 10,485
Date of examination by commissioner: June 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
41
42
00
00
55
^
94
61
02
80
REPORT OF THE
[Pub. Doc.
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, 37.
W
il l ia m
H. L in c o l n , President.
W i l l i a m E. L in c o l n , Treasurer.
W i l l i a m E. L in c o l n , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
W i l l i a m E . L in c o l n ,
T h o m a s P. R i t c h i e ,
A l f r e d E . K e n r ic k ,
C h ar les H . Stearn s,
E d w a r d M. F a r n s w o r t h ,
H o ra c e Ja m e s .
Open for business every business day, 9 a . m . to 1 p . m . ; also Mondays and Wednes
days, 3 to 5 p .m . ; Saturdays (except in August), 6 to 8 p . m .
B ala n c e S h e e t O c t . 31, 1901.
A ssists.
Public funds, as per schedule, .
Bank stock, as per schedule.
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Commonwealth of Massachusetts note,
. . . .
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, .
Expense account,
Furniture account,
Taxes paid,
. . .
.
Bank liquidation account,.
Profit and loss account,
Cash on hand, .
.
.
.
L iab ilit ie s .
$148,800
19,370
222.242
52,687
00
00
50
50
25,000 00
25,723
25,130
1,354,975
609,000
80,905
2,090
1,000
368
336
481
3,116
Deposits, .
Guaranty fund,
Interest account,
Rent account, .
Due on mortgage
loans, .
$2,460,859
39,610
28,331
426
78
00
02
00
42,000 00
68
38
00
00
13
22
00
40
00
49
50
$2,571,226 80
$2,571,226 80
Cash on Deposit in Banks, amount in each : —
Central National Bank, Boston, .
National Shawmut Bank, Boston,
Brookline National Bank, Brookline, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$28,198 92
27,322 99
25,383 22
No. 8.]
81
SAYINGS BANK COMMISSIONERS
Brookline Savings Bank — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .
Estimated
Market Value.
City of Cambridge, Mass., 4s, .
of Kansas City, Mo., 4£s,.
Town of Brookline, Mass., S^Ls,
of Brookline, Mass., 3TYos> .
of Brookline, Mass., 3T45s,
of Brookline, Mass., 3 T9gS,
of Brookline, Mass., 3|s,
of Brookline, Mass., 4s,
of Wakefield, Mass., 4s,
$2,000
5,000
20,000
40,000
42,500
12,500
1,600
21,200
4,000
$148,800
$2,180
5,650
20,000
40,000
42,925
12,812
1,608
21,456
4,420
00
00
00
00
00
50
00
00
00
Amount Invented.
$2,000
5,000
20,000
40,000
42,500
12,500
1,600
21,200
4,000
00
00
00
00
00
00
00
00
00
$176,051 50 $148,800 00
D eta iled S ta tem en t o f B a n k Stocks.
o o
Estimated
©
75
50
18
15
28
20
Market Value.
Central National Bank, Boston,
National City Bank, Boston, .
Nat’l Shawmut Bank, Boston,
Tremont Nat’l Bank, Boston, .
Third National Bank, Boston,.
Brookline N’l Bank, Brookline,
$7,500
-
1,800
750
2,800
2,000
$14,850
$8,850
250
3,600
150
2,968
2,600
Amount Invested,
00
00
00
00
00
00
$11,400 00
$18,418 00
$19,370 00
-
2,700
750
2,520
2,000
00
00
00
00
D eta iled S ta tem en t o f R a ilr o a d B o n d s.
Estimated
Market Value.
Albany & Susquehanna R R. 6s,
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. 3^s, . . .
Milwaukee, Lake Shore & Western
R.R. 5s,...........................................
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
$16,000
10,000
10,000
65,000
20,000
25,000
$17,600
12,600
10,200
70,550
23,900
25,250
00
00
00
00
00
00
$17,720
10,000
10,000
65,000
23,820
25,556
00
00
00
00
00
25
20,000
25,200 00
23,671 25
25,000
33,625 00
30,475 00
15,000
18,800 00
16,000 00
$206,000
$237,725 00
$222,242 50
REPORT OF THE
82
[Pub. Doc
Brookline Savings Bank — Concluded.
B o sto n T e r m in a l C o m p a n y B o n d s.
Par Value.
Boston Terminal Company 3£s,
$50,000
Estimated
Market Value.
$58,000 00
Amount Invested.
$52,687 50
Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter es t.
Rate.
Amount.
$80,905
25.000
25.000
215,000
13
00
00
00
2 per cent.
3|
3£
«
4
“
Amount.
$121,500
50.000
236,000
40.000
Rate.
00
00
00
00
44 per cent.
4f
“
4A
“
4§
“
Amount.
$1,135,400 00 5 per cent.
24,150 00 H
“
91,925 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 ,.............................................................................
Value, by books, of other 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, 1901,
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 , ...........................................239
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
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-annualdividend f 2 per cent.,
$36,946 58 1
during the year ending Oct. 31, 1901,.
.
1 2 per cent.,
41,551 52i
Number of accounts opened during the year ending Oct. 31, 1901,
1,864
Number of accounts closed during the year ending Oct. 31, 1901,
. 902
8,971
Total number of open accounts Oct. 31, 1901..................................
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 1 ,.....................................................................................
Number of s a m e ,....................................................................................12,511
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,..................................................................................... 6,415
Date of examination by commissioner: January 15.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
$25,723 68
30,000 00
21,800 00
25,130 38
26,800 00
463 63
165,850 00
102,010 18
78,498 10
6,518 67
817,833 94
440,023 99
No. 8.]
83
SAYINGS BANK COMMISSIONERS
CA M BR ID G E S A V IN G S B A N K — C A M BR ID G E .
Incorporated April 2, 1834. Present number of corporators, 46.
C h a r l e s W . S e v e r , President.
O sc a r F. A l l e n , Treasurer.
J a m e s H. W y e t h , Clerk of the Corporation.
Names of committee charged with the investment of its funds
Ch ar les W . Se v e r ,
J o h n T. G. N ic h o l s ,
W a l t e r S. S w a n ,
Jam e s F
E d w in D r e ss e r ,
E d w a r d R . Co g sw e l l ,
E noch B e a n e ,
P ennell.
Open for business every business day, 8 a . m to 1 p . m .
B ala n c e Sh e e t O c t . 31,1901.
L ia b ilit 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
(n otes),..................................
Loans on depositors’ books,
Deposits in banks on interest, .
Deposits inbanks, not on interest,
Expense account,
Insurance account,
Cash on hand, . . . .
$292,000
50
65,075
517,832
50.000
00
00
00
50
00
93.000
5,110
2,555,125
701,785
00
89
00
00
50.000
400
63,168
10.000
2,799
120
2,634
00
00
59
00
56
00
54
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Bank building rents,
$4,138,886 61
173,700 00
48,605 29
40,648 53
7,260 65
$4,409,101 08
$4,409,101 08
Cash on Deposit in Banks, amount in each : —
Charles River National Bank, Cambridge, .
National City Bank, Cambridge,
Lechmere National Bank, East Cambridge,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$33,162 34
30,006 25
.
10,000 00
84
REPORT OF THE
[Pub. Doc
Cambridge Savings Bank — Continued.
Loan on Public Funds : —
$50 United States 4 s , .....................................................................................
$50 00
D eta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
City of Boston, Mass., 5s,
of Bridgeport, Conn., 4 s,.
of Cambridge, Mass., 4 s,.
of Cambridge, Mass., 6 s,.
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 6 s,.
of Dover, N H., 4s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s,
of Indianapolis, Ind., 4s, .
of Portsmouth, N. II., 4s,
of Providence, R. I., 5s, .
of Saginaw, Mich., 4£s, .
of Saginaw, Mich., 5s,
of Springfield, Mass., 7s, .
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, .
Estimated
Market Value.
$2,000
25,000
25,000
8,000
2,000
35,000
10,000
20,000
25,000
20,000
25,000
2,000
25,000
1,000
1,000
5,000
9,500
1,500
30,000
14,000
6,000
$292,000
$2,135
27,812
28,375
8,495
2,160
35,000
10,300
21,150
27,375
22,200
26,625
2,160
26,237
1,050
1,052
5,087
10,592
1,617
31,425
15,470
6,045
00
50
00
00
00
00
00
00
00
00
00
00
50
00
50
50
50
50
00
00
00
Amount Invested.
$2,000
25,000
25,000
8,000
2,000
35,000
10,000
20,000
25,000
20,000
25,000
2,000
25,000
1,000
1,000
5,000
9,500
1,500
30.000
14,000
6,000
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$312,365 00 $292,000 00
* A legal investment when made.
No. of
Shares.
D e ta iled S ta tem en t o f B a n k Stocks.
50
42
100
11
18
30
5
10
50
96
58
Par Value.
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Merchants Nat’l Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,.
National Union Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
4,200
10,000
1,100
1,800
3,000
500
-
5,000
9,600
2,900
Estimated
Market Value.
$7,500
5,460
17,500
1,540
2,232
3,840
755
10
5,550
11,040
580
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$5,000
4,200
10,000
1,100
1,800
3,000
500
00
00
00
00
00
00
00
_
5,000 00
9,600 00
2,900 00
No. 8.]
SAVINGS BANK COMMISSIONERS
85
Cambridge Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
58
60
50
46
50
Par Value.
Charles River National Bank,
Cambridge, .
.
.
.
First N ’l Bank, New Bedford,
National Bank of Commerce,
New Bedford,
Newton Nat’l Bank, Newton, .
Naumkeag Nat’l Bank, Salem,
Estimated
Market Value.
Amount Invested
$5,800
6,000
$8,990 00
7,500 00
$5,800 00
6,000 00
575
4,600
5,000
100 00
4,140 00
6,250 00
575 00
4,600 00
5,000 00
$65,075
$82,987 00
$65,075 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R R. 6s, .
Boston & Maine R.R. 4s,
Chicago & Northwestern R.R. 7s,
Concord & Montreal R.R. 4s,
Conn. & PassumpsicRivers R.R. 4s,
Dakota Centi'al 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,.
Milwaukee, Lake Shore & Western R.R. 5s,
. . .
Menominee River R.R. 7s, .
Minnesota Valley R.R. 7s, .
New York Central and Hudson
River R.R. 7s, .
New York & New England R.R. 6s,
New York, New Haven & Hartford R R. Sis, .
.
.
.
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,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
25,000
4,000
26,000
25,000
13,000
125,000
20,000
24,332
00
00
00
00
00
00
00
00
50
Estimated
Market Value.
$27,500
28,500
5,100
28,470
28,500
14,690
136,562
22,200
24,697
00
00
00
00
00
00
50
00
50
Amount Invested.
$25,000
25,000
4,000
26,000
25,000
13,000
125,000
20,000
24,332
00
00
00
00
00
00
00
00
50
25,000 00
25,000 00
16,500 00
28,875 00
27,500 00
21,532 50
25,000 00
25,000 00
16,500 00
38,000 00
2,000 00
2,000 00
47,880 00
2,290 00
2,400 00
38,000 00
2,000 00
2,000 00
9,000 00
7,000 00
9,337 50
7,507 50
9,000 00
7,000 00
50,000 00
25,000 00
2,000 00
52,125 00
26,875 00
2,400 00
50,000 00
25,000 00
2,000 00
2,000 00
25,000 00
2,000 00
2,400 00
28,750 00
2,035 00
2,000 00
25,000 00
2,000 00
$517,832 50 $578,127 50
$517,832 50
[Pub. Doc
REPORT OF THE
86
Cambridge Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
$50,000
Boston Terminal Company 8£s,
Estimated
Amount Invested.
Market Value.
$58,000 00
$50,000 00
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$450
23,162
40,006
50,000
20,000
Kate.
00
34
25
00
00
0 per cent.
2
2è
3
3Vio “
Rate.
Amount.
$5,000
75,000
50,000
661,000
495,000
00
00
00
00
00
3,1 per cent.
3è
“
3|
“
4
“
4
.1
a
*4
Amount.
$611,800
16,000
1,261,550
49,375
12,185
Rate.
00
00
00
00
00
44 per cent.
»
5
»
5è
“
6
“
43
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
Assessed value of the sam e,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 406
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................569
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, 1901....................................................................
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 f 1| per cent., $66,699 67 1
during the year ending Oct. 31,1901,
.
( 1%per cent.,
67,981 79 J
Number of accounts opened during the year ending Oct. 31, 1901,
1,351
Number of accounts closed during the year ending Oct. 31, 1901,
. 875
Total number of open accounts Oct. 31, 1901..................................
11,734
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901, .
............................................................
Number of s a m e ,.............................................................................12,974
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,.............................................................................11,750
Date of examination by commissioner: April 15 and 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$93,000
93.000
97.000
4,500
00
00
00
36
5,110 89
7,200 00
471,360 00
450 00
198,237 53
134,681 46
9,343 96
754,939 58
742,216 81
No. 8.]
87
SAVINGS BANK COMMISSIONERS
CAM BRIDGEPORT S A V IN G S B A N K — CA M BR IDGEPOR T.
Incorporated Feb. 22, 1853.
Present number of corporators, 25.
D a n a W . H y d e , President.
H e n r y W . B u l l a r d , Treasurer.
J o sia h F. L a n e , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
D ana W. H y d e ,
W il l i a m W . D a l l i n g e r ,
J o h n H . C o r c o r a n , H e n r y E n d ic o t t ,
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 p . m . ; also 6 to 8 p
Saturday of each month.
m
.
the first
B alan ce Sh e e t O c t . 31, 1901.
L ia b ilit ie s .
A ssets .
Public funds, as per schedule, . $1,873,840 00
52,084 00
Bank stock, as per schedule,
2,800 00
Loan on bank stock, .
538,105 55
Railroad bonds, as per schedule,
6,000 00
Loan on railroad stock,
381,500 00
Boston Terminal Co. bonds,
47,073 06
Real estate by foreclosure,
1,975,886 11
Loans on real estate, .
79,100 00
Loans on personal security,
Loans to counties, cities or towns
20,000 00
(n o tes),..................................
3,617 74
Expense account,
3,444 34
Cash on hand, .
.
.
.
Deposits, .
Guaranty fund,
Interest account,
$4,983,450 80
$4,699,000 00
231,000 00
53,450 80
$4,983,450 80
Loan on Bank Stock: —
50 shares Middlesex County National Bank, Winchester.............................$2,800 00
Loan on Railroad Stock: —
35 shares Boston & Albany R.R...................................................................... ^
10 shares Old Colony National Bank of Plym outh,...................................J
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6 000 00
[Pub. Doc
REPORT OF THE
88
Cambridgeport Savings Bank — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .
Estimated
Par Value.
City of Bangor, Me., 4s, .
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 4 s ,.
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 5s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4 s,.
of Dover, N. EL, 4s, .
of Fort Wayne, Ind., 3£s,
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich,, 4£s,
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., 4|s, .
of Pittsburg, Pa., 3|s,
of Providence, R. I., 5s, .
of Saginaw, Mich., 4s,
of Somerville, Mass., 4s, .
of Springfield, Ohio, 4 is ,.
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 E. Providence, R. I., 4s,
of Kingston, Mass., 4s, .
of Lincoln, R. I., 4s,
of Maynard, Mass., 4s, .
of Melrose, 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
13,000
9,000
247,000
14,000
50,000
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
14,105
9,360
262,426
14,087
50,750
41,000
51,187
23,402
96,960
19,522
55,000
26,156
59,160
56,250
51,125
35,925
26,343
56,375
11,800
5,218
58,375
3,285
107,370
53,500
100,000
54,375
4,400
38,795
55,197
25,000
29,591
21,175
11,852
93,420
25,612
22,135
25,956
44,450
54,875
24,740
20,591
33,790
51,500
00
00
00
25
50
00
00
50
50
00
50
00
25
00
00
00
00
75
00
00
75
00
00
00
00
00
00
00
00
50
00
25
00
50
00
50
00
25
00
00
00
25
00
00
Amount Invested.
$50,000
13,000
9,000
247,000
14,000
50,000
40,000
50,000
22,000
96,000
19,000
50,000
25,000
58,000
50,000
50,000
36,390
25,000
50,000
10,000
5,000
50,000
3,000
100,000
50,000
100,000
50,000
4,450
38,000
50,000
26,000
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*
$1,866,000 $1,979,141 25 $1,873,840 00
* Legal investments when made.
No. 8.]
89
SAVINGS BANK COMMISSIONERS
Cambridgeport Savings Bank — Continued.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
33
40
Ö6
100
50
50
50
40
100
14
Estimated
Par Value.
Blackstone N’l Bank, Boston, .
Eliot National Bank, Boston, .
N’l B’k of Commerce, 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, .
Market Value.
00
00
00
00
00
00
00
Amount Invested.
$759
4,000
5,600
10,000
5,000
2,500
5,000
00
00
00
00
00
00
00
$759
4,000
5,600
10,000
5,000
2,500
5,000
$165
6,000
7,056
15,100
5,750
500
5,550
4,000
10,000
1,400
4,000 00
16,000 00
2,100 00
4,000 00
13,825 00
1,400 00
$48,259
$62,221 00
$52,084 00
Detailed Statement o f Railroad Botids.
Par Value.
Albany & Susquehanna R.R. 6s, .
Boston & Maine R.R. 4s,
Chicago, Burlington & Quincy
R.R. 3 ¿ s , ..................................
Chicago, Burlington & Quincy
R.R. 4 s , ..................................
Connecticut River R.R. 3¿s, .
Eastern R.R. 6s, .
Fitchburg R.R. 4s,
. . .
Fitchburg R.R. 5s,
Illinois Central R.R. 3¿s,
New York & New England 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
$22,100 00
29,375 00
$21,500 00
25,000 00
10,000 00
10,316 67
10,000 00
45,000
50,000
32,605
63,000
20,000
100,000
5,000
50,000
20,000
23,000
60,000
00
00
55
00
00
00
00
00
00
00
00
48,225
52,708
36,681
65,080
20,533
102,541
5,641
50,625
21,400
35,496
60,600
00
33
25
00
33
67
67
00
00
67
00
48,000
52,500
32,605
63,000
20,000
100,000
5,000
50,000
20,000
30,500
60,000
00
00
55
00
00
00
00
00
00
00
00
$523,605 55 $561,324 59 $538,105 55
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$350,000
Estimated
Market Value.
Amountlnvested.
$406,000 00 $381,500 00
90
REPORT OF THE
[Pub. Doc.
Cambridgeport Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
Bate.
Amount.
$100,000 00
50,000 00
295,000 00
3£ per cent.
3|
“
$21,500 00
533,246 00
1,069,335 30
4
“
Rate.
43
4i
5
per cent.
“
“
Amount.
$4,900 00
9,254 81
550 00
Rate.
5i| per cent.
6
“
H
“
Value, by books, oi real estate, held or owned by foreclosure or otherwise,
Assessed value of the sa m e,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 423
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real estate....................................................569
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 1, 1901......................................................................
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 ( 1| per cent., $76,845 80 1
during the year ending Oct. 31, 1901, .
. 1 1| per cent.,
78,321 01 J
Number of accounts opened during the year ending Oct. 31, 1901,
1,761
Number of accounts closed during the year ending Oct. 31, 1901,
1,142
Total number of open accounts Oct. 31, 1900,
.
.
.
.
15,319
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,.............................................................................17,882
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,.............................................................................13,787
Date of examination by commissioner: May 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$47,073 06
48,300 00
587,418 75
208,918 96
155,166 81
9,455 86
818,308 82
867,534 84
No. 8.]
91
SAYINGS BANK COMMISSIONERS
C A N TO N IN S T IT U T IO N FOR S A V IN G S — CA N T O N .
Incorporated March 4, 1835. Present number of corporators, 24.
W
il l is
S. S h e p a r d , President.
W
alter
W
alter
A m e s , Treasurer.
A m e s , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
W i l l i s S. S h e p a r d ,
W i l l i a m B. R e v e r e ,
F r a n c is D . D u n b a r ,
T homas E . G ro v e r ,
N a t h a n ie l W . D u n b a 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 lan ce Sh e e t O ct . 31, 1901.
L ia b ilit ie s .
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 by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Deposits in banks, on interest, .
Expense account,
Suspense account,
Furniture and fixtures,
Tax account,
. . .
.
Cash on hand, . . .
.
$143,100
40,291
135,500
6,000
43,837
25,095
294,625
76,350
00
00
00
00
50
00
00
00
55,000
11,571
247
51
600
201
2,497
00
73
90
37
00
78
01
$834,968 29
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rents,
$786,463 12
40,000 00
2,037 50
6,281 12
186 55
$834,968 29
Cash on Deposit in Banks, amount in each: —
National Shawmut Bank, Boston,
Neponset National Bank, Canton,
$4,777 67
6,794 06
Loan on Railroad Stock: —
50 shares Boston & Maine R ailroad,............................................................$6,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
92
Canton Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Estimated
Par Value.
County of Hampden, Mass., 3s,
City of Chicago, 111., 4s, .
of Lawrence, Mass., 4s, .
of Lynn, Mass., 3£s,.
of New Britain, Conn., 4s,
of Providence, R. I . , 5s, .
of Woonsocket, R. I . , 4s, .
Town of Canton, Mass., 4s,
of Natick, Mass., 4s,
of Orange, Mass., 4s,
Market Value.
$9,950
10,500
15,225
13,567
11,200
10,750
2^,100
43,600
5,550
11,100
$10,000
10,000
15.000
13,500
10.000
10,000
20,000
40.000
5,000
10.000 .
00
00
00
50
00
00
00
00
00
00
$143,500 $153,542 50
$9,600
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
00
$143,100 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
25
17
25
25
70
17
25
127
50
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Freemans Nat’l Bank, Boston,
Nat’l Shawmut Bank, Boston,
Nat’l Webster Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Neponset Nat’l Bank, Canton,
Dedham Nat’l Bank, Dedham,
$2,500
391
2,500
2,500
7,000
1,700
2,500
12,700
5,000
$36,791
Estimated
1 Market Value.
$2,675
85
2,950
2,525
14,000
1,768
3,750
6,350
5,300
00
00
00
00
00
00
00
00
00
$39,403 00
Amount Invested.
$2,500
391
2,500
2,500
10,500
1,700
2,500
12,700
5,000
00
00
00
00
00
00
00
00
00
$40,291 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
20,000
20,000
10,000
5,500
Estimated
Market Value.
$22,600
22,800
21,700
10,900
6,132
00
00
00
00
50
Amount Invested.
$20,000
20,000
20,000
10,000
5,500
00
00
00
00
00
No. 8.]
93
SAYINGS BANK COMMISSIONERS
Canton Institution for Savings — Continued.
Detailed Statement o f Railroad 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
$22,200 00
$20,000 00
20,000
20,000
22,300 00
22,400 00
20,000 00
20,000 00
$135,500 $151,032 50 $135,500 00
/
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3^s,
$40,000
Estimated
Market Value.
$46,400 00
Amount Invested.
$43,837 50
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$11,571 73
47.500 00
23.500 00
Kate.
2 per cent.
3*
“
4
“
lAmount.
$37,250 00
195,250 00
Rate.
4^ per cent.
5
Amount.
$1,000 00
127,475 00
Kate.
5£ per cent.
6
“
$25,095 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
26,650 00
Assessed value of the sam e,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 196
185,325 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................206
4,200 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
36,020 06
during year ending Oct. 31, 1901....................................................................
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., $13,254 15 ) 26,450 95
during the year ending Oct. 31, 1901,
.
1 1| per cent.,
13,196 80 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 261
Number of accounts closed during the year ending Oct. 31, 1901,
. 276
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,617
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
94
[Pub. Doc.
Canton Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... $2,460 01
A m ou n t o f deposits, not in clu d in g dividends, received du rin g the year
ending Oct. 31, 1901.........................................................................................
Number of s a m e ,.............................................................................1,457
88,644 74
A m ou n t o f w ithdraw als, in clu d in g d ivid end s, durin g the yea r ending
Oct. 31, 1901.....................................................................................................
Number of s a m e ,.............................................................................1,722
Date of examination by commissioner : February 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
124,388 08
No. 8.]
SAYINGS BANK COMMISSIONERS.
95
CAPE A N N S A V IN G S B A N K — GLO U C ESTER .
Incorporated April 15, 1846.
A llan R
o ge rs,
Present number of corporators, 30.
President.
D a n ie l T. B a b so n , Treasurer.
D a n ie l T. B a b s o n , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
A l l a n R o gers,
J o h n E. S o m e s ,
Jo h n
R obert R . F e a rs,
S y l v e s t e r C u n n in g h a m ,
C o r l is s .
Open for business every business day, 9 a . m . to 3 p . m . ; during August, 9
B
alance
Sh e e t O
ct.
a .m .
to 1 p . m .
3 1 , 1901.
A ssets .
L ia b ilit 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 by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Bank building income account,.
Newark & Hackensack Traction
Co. stock and bonds,* .
Suspense account,
Cash on hand, . . .
.
$15,000
156,852
350
58,375
00
00
00
00
62,160
32,846
1,915,480
746,082
600
56,911
588
558
05
40
28
57
00
06
56
50
Deposits, .
Guaranty fund,
Interest account,
Tax account, .
Surplus account,
Bank liquidation account, .
Due on mortgage
loans, .
$2,848,261
150,000
22,309
2,454
7,140
18
00
28
50
52
232 75
25,780 20
2,500 00
1,641 91
6,232 10
$3,056,178 43
$3,056,178 43
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
Third National Bank, B o s t o n ,.................................................................... $14,095 93
City National Bank, Gloucester,....................................................................
27,367 81
Gloucester National Bank, G lo u c e s te r ,...................................................
15,447 32
Loan on Bank Stock: —
4
shares Gloucester National Bank, Gloucester,.......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$350 00
96
REPORT OF THE
[Pub. Doc
Cape Ann Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Lynn, Mass., 4s, .
Town of Melrose, Mass., 4s,
.
Estimated
Market Value.
Amount Invested.
$5,000
10,000
$5,350 00
10,300 00
$5,000 00
10,000 00
$15,000
$15,650 00
$15,000 00
Detailed Statement o f Bank Stocks.
Op
c 5
Cß
100
74
100
62
150
100
100
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central National Bank, Boston,
Freemans Nat’l Bank, Boston,
Merchants N’l Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Bank of the Commonwealth, 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 New England N’l B’k, Boston,
25 Old Boston N’l Bank, Boston,.
50 Second National Bank, Boston,
100 Shawmut Nat’l Bank, Boston,.
50 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,
75 Rockport N’l Bank, Rockport,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
$10,000
1,702
10,000
6,200
15,000
10,000
$10,700
370
11,800
6,262
26,250
12,600
00
00
00
00
00
00
10,000
16,600
15,000
19,600
20,750
22,650
250
7,000
7,200
2,475
9,000
100
5,550
10,600
250
8,235
18,000
6,500
7,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
_
5,000
5,000
2,500
5,000
_
5,000
10,000
1,250
6,100
10,000
5,000
7,500
Amount Invested.
$10,000
1,702
10,000
6,200
15,000
10,000
00
00
00
00
00
00
10,000 00
16,600 00
15,000 00
-
5,000
5,000
2,500
5,000
00
00
00
00
-
5,000
10,000
1,250
6,100
10,000
5,000
7,500
00
00
00
00
00
00
00
$156,852 $213,642 00 $156,852 00
No. 8.]
SAYINGS BANK COMMISSIONERS
97
Cape Ann Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.
Ohio., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3¿s, .
New York, New Haven & Hartford
R.R. 8è»...........................................
Estimated
Market Value.
Amount Invested.
$10,000
10,000
12,000
$10,400 00
10,600 00
12,120 00
$10,000 00
10,000 00
12,000 00
25,000
26,312 50
26,375 00
$57,000
$59,432 50
$58,375 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$56,911 06
170,568 00
20,000 00
Kate.
Amount.
Kate.
Amount.
2 per cent.
4
$284,500 00
10,000 00
778,603 00
4£ per cent.
4|
“
5
“
$30,500 00
1,368,341 85
4i
“
Rate.
per cent.
6
Amount invested in real estate for banking purposes.....................................
Estimated value of the s a m e , ....................................................................
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
Assessed value of the sa m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 1,024
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .................................. 1,090
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 1 , ...........................................................
Times for the dividends fixed by the by-laws: April 1 and October 1;
payable May 1 and November 1.
Rate and amount of eachsemi-annual dividend r 1| per cent., $47,765 66 )
during the year ending Oct. 31,1901, .
. j If per cent.,
47,213 80 J
Number of accounts opened during the year ending Oct. 31, 1901,
1,193
Number of accounts closed during the year ending Oct. 31, 1901,
1,087
Total number of open accounts Oct. 31, 1901,
.
.
.
.
9,663
Total expenses of the corporation for the year ending Oct. 31,1901 (ex
clusive of taxes)................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901,.....................................................................................
Number of s a m e ,..................................................................................... 7,984
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,..................................................................................... 8,146
Date of examination by commissioners : September 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$62,160
61,000
46,000
79
05
00
00
69
32,846 40
32,900 00
818,336 85
71,689 00
134,450 11
94,979 46
6,032 37
379,876 06
524,460 90
98
REPORT OF THE
[Pub. Doc
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, 61.
A l e x a n d e r T. N e w c o m b , President.
A u g u stu s C. S n o w , Treasurer.
A u g ustus C . S n o w , Clerk of 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 ,
E l e a z e r K. C r o w e l l ,
J o sh u a C r o w e l l ,
H e n ry H . F is k ,
Ol iv e r E . E l d r e d g e .
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 ct . 31, 1901.
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,
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 te s ),..................................
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
15,000
27,500
8,850
126,214
00
00
00
00
00
3,200
25,719
398,155
294,184
00
93
48
38
Deposits, .
Guaranty fund,
Profit and loss account, .
$895,061 96
39,000 00
13,824 58
15,800 00
22,000 00
229 27
1,033 48
$947,886 54
$947,886 54
Cash on Deposit in Bank: —
Cape Cod National Bank, H a rw ic h ,............................................................$22,000 00
Loan on Public Funds : —
$16,000 Massachusetts 3 £ s , .............................................................................$15,000 00
Loans on Bank Stock, amount on each: —
100 shares Fourth National Bank, Boston,................................................... $8,500 00
3 shares First National Bank, Y a r m o u t h ,.......................................
250 00
2 shares Cape Cod National Bank, Harwich,.......................................
100 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS
99
Cape Cod Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Chicago, 111., 4s, .
$10,000
Estimated
Market Value.
$10,975 00
Amount Invested.
$10,000 00
Ko. o f
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
7 Faneuil Hall N’l B’k, Boston, .
38 Fourth Nat’l Bank, Boston,
31 N’l B’k of Commerce, Boston,
26 N’l B’k of the Commonwealth,
Boston, .
.
.
.
.
15 N’l B’k of the Republic, Boston,
26 Nat’l Exchange Bank, Boston,
20 N’l Hide & Leather B’k, Boston,
43 Shawmut Nat’l Bank, Boston, .
48 State National Bank, Boston, .
10 Tremont Nat’l Bank, Boston, .
38 Cape Cod N’l B’k, Harwich, .
21 First Nat’l B’k, Yarmouth,
Estimated
Market Value.
Amount Invested.
$700
3,800
3,100
$910 00
4,750 00
3,906 00
$700 00
3,800 00
3,100 00
2,600
1,500
2,600
2,000
5,096
2,265
3,640
2,480
43
5,328
100
4,750
2,625
2,600
1,500
2,600
2,000
00
00
00
00
4,800
500
3,800
2,100
00
00
00
00
-
4,800
500
3,800
2,100
$27,500
00
00
00
00
00
00
00
00
00
$35,893 00
_
$27,500 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R R. 5s, .
Old Colony R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
10,000
25.000
20.000
15.000
25.000
10.000
$125,000
Estimated
Market Value.
$20,975
11,500
27,250
23,100
16,350
28,375
10,200
00
00
00
00
00
00
00
Amount Invested.
$20,000
10,000
25.000
20.000
15,300
25,800
10,114
00
00
00
00
00
00
00
$137,750 00 $126,214 00
100
REPORT OF THE
[Pub. Doc,
Cape Cod Five Cents Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Bale o f Interest.
Rate.
Amount.
$22,000
15.000
71,500
20.000
00
00
00
00
2 per cent.
3|
“
4
4*
“
“
Amount.
$39,440
70,298
65,000
233,760
Rate.
00
00
00
00
4| per cent.
4è
4|
5
“
“
Amount.
$25,635
110,995
700
79,661
Rate.
00
00
00
86
5£ per cent.
6
“
6*
“
7
“
Amount invested in real estate for banking purposes,..................................
$3,200 00
Estimated value of the s a m e , ....................................................................
3,200 00
Assessed value of the s a m e ,.............................................................................
1,750 00
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
25,949 20
Assessed value of the sa m e,.............................................................................
34,900 00
Net income received from same during year ending Oct. 31, 1901,
1,025 29
Number of loans which are of an amount not exceeding $3,000 each, 405
Aggregate amount of the s a m e , ....................................................................
188,366 16
Total number of loans upon real e s t a t e , ...........................................386
Amount of investments from which no income is received............................
3,531 90
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
42,961 36
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., $15,330 29 1
30,568 98
during the year ending Oct. 31, 1901, .
. i 1| per cent.,
15,238 69 i
Number of accounts opened during the year ending Oct. 31,1901,
. 341
Number of accounts closed during the year ending Oct. 31, 1901,
. 315
Total number of open accounts Oct. 31, 1901,
.
.
.
.
3,242
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)................................................................................................
3,408 98
Amount of deposits, not including dividends, received during the year
ending Oct. 31,1901..........................................................................................
125,698 81
Number of same,' ..................................................................... 1,687
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901,
.
.............................................................................
147,269 35
Number of s a m e ,..................................................................... 1,740
Date of examination by commissioner: May 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
101
SAYINGS BANK COMMISSIONERS
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.
Ol iv e r H . M o u lton,
Present number of corporators, 50.
President.
Treasurer.
Sa m u e l A . C h a s e ,
Sa m u e l A . C h a s e ,
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
D a n ie l Sw a n ,
Sa m u e l A . C h a s e ,
A m asa P ratt,
A rth ur G. P ollard,
P rescott C . G a t e s ,
Open for business every business day,
Ja m e s W . C . P i c k e r i n g ,
9 a .m .
to 1 p . m . ; also Saturdays, 7 to 9
p .m
.
B alan ce S h e e t O c t . 31,1901.
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
(notes), .
.
.
.
.
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
L iabilities
$260,800
169,400
305,500
800
100,000
22,500
2,049,252
676,935
00
00
00
00
00
00
00
46
138,000
1,000
190,402
12,499
00
00
43
24
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
$3,927,089 13
$3,666,439 00
182,000 00
1,895 96
76,714 17
40 00
$3,927,089 13
Cash on Deposit in Banks, amount in each : —
Appleton National Bank, L o w e l l , ........................................................... $40,000 00
First National Bank, L o w e l l , ....................................................................
25,000 00
Merchants National Bank, L o w e l l ,............................................................97,151 22
Old Lowell National Bank, Lowell..................................................................
15,000 00
Old Colony Trust Company, Boston,............................................................13,251 21
Loan on Railroad Bonds: —
$1,000 Concord & Montreal R.R. 4s, ............................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$800 00
T u b. Doc.
REPORT OF THE
102
Central Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Par Value.
Massachusetts 34s, .
.
.
.
County of Middlesex, Mass., 4s,
City of Boston, Mass., 34s,
of Brockton, Mass., 4s,
of Burlington, Vt., 4s,
of Haverhill, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Malden, Mass., 4s,
of Pawtucket, R. I., 4s,
of Taunton, Mass., 34s, .
Town of Andover, Mass., 4s, .
of Arlington, Mass., 4s,.
of Billerica, Mass., 34s, .
of Clinton, Mass., 34s, .
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
of Meriden, Conn., 34s, .
$50,000
30,000
25,000
5,000
5,000
15,000
13,000
17,000
5,000
5,000
3,000
8,000
3,800
25,000
7,000
7,000
17,000
20,000
$260,800
Market Value.
$54,875
31,312
26,093
5,700
5,387
16,400
14,348
18,737
5,225
5,600
3,135
8,067
3,819
27,875
7,420
7,717
19,427
20,575
00
50
75
00
50
00
75
50
00
00
00
50
00
00
00
50
50
00
$281,716 50
Amount Invested.
$50,000
30,000
25,000
5,000
5,000
15,000
13,000
17,000
5,000
5,000
3,000
8,000
3,800
25,000
7,000
7,000
17,000
20,000
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
$260,800 00
* A legal investment when made.
Detailed Statement o f Bank Stocks.
O CÏ
>
©«j
100
66
200
100
50
50
100
60
27
100
33
106
20
70
63
50
33
50
Par Value.
Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Merchants N’l Bank, Boston, .
Metropolitan 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 Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
Nat’l Webster Bank, Boston, .
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston,
Georgetown National Bank,
Georgetown,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
1,518
20,000
10,000
5,000
5,000
10,000
6,000
2,700
-
3,300
10,600
2,000
7,000
-
5,000
3,300
5,000
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$12,000 00
5,000 00
5,000 00
$12,200
330
23,600
15,000
8,750
5,000
12,600
7,500
4,077
500
4,092
21,200
2,080
12,600
63
7,500
3,795
-
25,000 00
11,500 00
6,700 00
5,000 00
10,000 00
7,000 00
3,000 00
3,300 00
10,600 00
2,000 00
10,000 00
-
5,000 00
3,300 00
No. 8.]
SAYINGS BANK COMMISSIONERS
103
Central Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
100
30
165
52
10
20
50
Par Value.
Appleton Nat’l Bank, L ow ell,.
First National Bank, Lowell, .
Merchants Nat’l Bank, Lowell,
Old Lowell N’l Bank, L ow ell,.
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
YVamesit Nat’l Bank, Lowell, .
$10,000
3,000
16,500
5,200
1,000
2,000
5,000
$149,118
Estimated
Market Value.
$11,500
4,200
23,100
5,616
1,100
2,500
5,000
00
00
00
00
00
00
00
Amount Invested.
$12,000
4,000
19,800
5,200
1,000
2,000
6,000
00
00
00
00
00
00
00
$198,903 00 $169,400 00
Detailed Statement o f Railroad Bonds.
i
Estimated
Par Value.
Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4^s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 4s,
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,
Old Colony R.R. 4s, .
Old Colony R.R. 4£s,
Portland & Ogdensburg R.R. 3£s, .
St. Johnsbury & Lake Champlain
R.R 5 s ,...........................................
Vermont & Massachusetts R.R, 5 s ,.
$10,000
29,000
15,000
25,000
35,000
7,000
10,000
26,000
18,000
14,500
10,000
13,000
25,000
30,000
3,000
20,000
Market Value.
$10,050
30,547
17,275
31,375
38,937
7,540
11,162
26,690
18,922
18,922
11,212
13,910
27,500
34,075
3,075
20,100
00
50
00
00
50
00
50
00
50
50
50
00
00
00
00
00
Amount Invested.
$10,000
29,000
15,000
25,000
35,000
7,000
10,000
26,000
18,000
14,500
10,000
13,000
25,000
30,000
3,000
20,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
5,000
10,000
6,500 00
10,200 00
5,000 00
10,000 00
$305,500
$337,995 00
$305,500 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$100,000
Estimated
Market Value.
Amount Invested.
$116,000 00 $100,000 00
104
REPORT OF THE
[Pub. Doc.
Central Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$110,402
15.000
65.000
8,700
Kate.
43
00
00
00
2 per cent.
2i
“
3
“
3i
“
Amount.
$30,000
767,350
120,000
439,522
Kate.
00
00
00
00
3| per cent.
4
“
4i
“
4*
“
Amount.
$1,443,045 46 5 per cent.
17,750 00 5è
“
39,620 00 6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the sa m e,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
.
.
Number of loans which are of an amount not exceeding $3,000 each,. 522
............................................................
Aggregate amount of the same, .
Total number of loans upon real e s t a t e , ...........................................695
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 1 , ...........................................................
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 2 per cent., $66,975 16 )
during the year ending Oct. 31, 1901,.
.
1 2 per cent.,
68,951 281
Number of accounts opened duringthe year ending Oct. 31, 1901,
1,212
Number of accounts closed duringthe year ending Oct. 31, 1901,
1,038
Total number of open accounts Oct. 31, 1901,
.
.
.
.
7,478
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 19 01,.....................................................................................
Number of s a m e ,...................................................................... 7,666
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,..................................................................... 5,987
Date of examination by commissioner: March 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
$22,500 00
26,200 00
2,757 33
734,642 46
851 73
167,281 72
g9(,
’
11,562 02
622,509 89
579,439 73
No. 8.]
105
SAYINGS BANK COMMISSIONERS.
C H A R L E S T O W N F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated April 7, 1854. Present number of corporators, 41.
C h a r l e s F . B y a m , President.
A u g u stu s W . S t o y e r , Treasurer.
J o h n H . G i b b s , Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
C h a r l e s F. B y a m ,
G eo r g e H . P e n d e r g a s t ,
B e n ja m in F. S t a c e y ,
G e o r g e M. S t a r b i r d ,
C h a r l e s M. H o s m e r .
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 alance
Sh eet
Oct.
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, .
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, on interest, .
Cash on hand, . . .
.
31, 1901.
L ia b il it ie s .
$530,500
50.000
492,752
9,200
601,400
75.000
110,000
00
00
00
00
00
00
00
70.000
76,900
2,599,724
2,189,672
200
219,502
16,477
00
00
00
75
00
46
62
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$7,041,328 83
$6,561,527 60
326,000 00
153,801 23
$7,041,328 83
Cash on Deposit in Banks, amount in each: —
Colonial National Bank, Boston,.
Metropolitan National Bank, Boston, .
Monument National Bank, Boston,
National Bank of the Republic, Boston,
National Security Bank, Boston, . . .
.
$30,000
30,000
79,502
40,000
40,000
00
00
46*
00
00
Loan on Public Funds: —
$50,000 Massachusetts 3 £ s ,..................................
* This amount, in excess of the legal limit, has been reduced.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000 00
106
REPORT OF THE
[Pub. Doc.
Charlestown Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
23 shares Monument National Bank, Boston................................................. $2,300 00
13 shares Peoples National Bank, Boston,................................................... -|
2 shares Monument National Bank, B o s t o n ,...........................................1
25 shares Colonial National Bank, Boston,...................................................[
6,900 00
30 shares Commercial National Bank, B oston,...........................................J
Loans on Railroad Bonds, amount on each : —
$50,0.00 Eastern R.R, 6 s , .................................................................... ■
27,000 New York, New Haven & Hartford R.R. 3£s, .
.
.
.
.
$50,000 00
25,000 00
Detailed Statement o f Public Funds.
Par Value.
United States 4s,
. . .
Massachusetts 3£s, .
.
.
.
City of Boston, Mass., 4s,
of Holyoke, Mass., 4s,
of Malden, Mass., 4s,
of Manchester, N. H., 5 s,.
of Medford, Mass., 4s,
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Taunton, Mass., 4s,
Town of Lexington, Mass., 4s,
of Milton, Mass., 4s,
of Natick, Mass., 4s,
$50,000
50,000
50,000
38,000
25,000
50,000
50,000
66,000
50,000
14,000
50,000
21,500
16,000
$530,500
Estimated
Market Value.
$69,000
53,625
54,500
41,355
28,125
59,000
55,850
72,270
55,750
15,190
53,325
21,647
18,120
00
00
00
00
00
00
00
00
00
00
00
50
00
Amount Invested.
$50,000
50,000
50,000
38,000
25,000
50,000
50,000
66,000
50,000
14,000
50,000
21,500
16,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$597,757 50 $530,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
12
200
106
42
145
250
500
500
300
20
150
65
304
Par Value.
Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Bunker Hill N’l Bank, Boston,
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
First Ward Nat’l B’k, Boston,
Freemans Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,200
20,000
2,438
_
14,500
25,000
50,000
30,000
2,000
15,000
6,500
20,368
Estimated
Market Value.
$1,200
21,400
530
42
15,225
47,500
75,000
2,500
45,000
3,500
24,000
6,565
4,560
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,200 00
20,000 00
_
_
14,500 00
25,000 00
75,000 00
__
30,000
2,000
14,800
6,500
3,648
00
00
00
00
00
No. 8.]
107
SAYINGS BANK COMMISSIONERS.
Charlestown Five Cents Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
Par Value.
250 Manufacturers N’l B’k, Boston,
86 Market Nat’l Bank, Boston,
224 Meti'opolitan N’l B’k, Boston,
166 Monument Nat’l B’k, Boston, .
263 N’ l B’k of Commerce, Boston,
200 N’l B’k of Redemption, Boston,
342 N’l B’k of the Republic, Boston,
326 National City Bank, Boston, .
246 N’l Hide & Leather B’k, Boston,
27 N’l Market Bank of Brighton,
Boston....................................
178 National Revere Bank, Boston,
156 National Webster B’k, Boston,
69 Shavvmut Nat’l Bank, Boston,
500 Shoe & Leather N’l B’k, Boston,
90 Suffolk National Bank, Boston,
275 Tremont Nat’l Bank, Boston, .
150 Home National B’k, Brockton,
26 Conway Nat’l Bank, Conway,
75 Wachusett N’ l B’k, Fitchburg,
75 Railroad Nat’l Bank, Lowell, .
217 First National Bank, Lynn,
67 Blue Hill Nat’l Bank, Milton,
147 Newton Nat’l Bank, Newton, .
$6,708
22,400
16,600
26,300
20,000
34,200
-
24,600
2,700
3,382
15,600
_
50,000
9,000
13,750
15,000
2,600
7,500
7,500
21,700
6,700
14,700
$507,946
Estimated
Market Value.
$750
1,118
22,400
31,540
33,138
25,000
51,642
1,630
30,504
00
00
00
00
00
00
00
00
00
2,700
534
16,224
69
75,000
10,350
2,750
26,250
2,600
9,375
9,375
23,870
7,772
13,230
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,376
22,400
16,600
26,300
20,000
34,200
00
00
00
00
00
00
-
24,600 00
2,700 00
178 00
15,600 00
-
49,500
9,000
2,750
15,000
2,600
7,500
7,500
21,700
6,700
13,900
00
00
00
00
00
00
00
00
00
00
$644,843 00 $492,752 00
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Concord & Claremont R.R. 4£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$12,000
125,000
25,000
100,000
150,000
40,000
Market Value.
$12,360
157,500
27,750
106,955
163,500
42,000
00
00
00
00
00
00
Amount Invested.
$11,700
125,000
25,000
96,000
150,000
40,000
00
00
00
00
00
00
29,000 00
53,500 00
90,850 00
25,000 00
49,700 00
79,000 00
$606,000 $683,415 00
$601,400 00
25,000
50,000
79,000
108
REPORT OF THE
[Pub. Doc.
Charlestown Five Cents Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Companjr 3£s,
Estimated
Market Value.
$110,000 $127,600 00
Amount Invested
$110,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$189,502
30.000
20.000
50,000
180,000
Bate.
46
00
00
00
00
2 per cent.
2è
“
H
3f
3f
“
“
“
Amount.
$50,000
1,131,000
488,100
30,000
907,372
Kate.
00
00
00
00
75
3£ per cent.
4
“
4f
»
4f
“
4i
Amount.
$62,100
1,639,079
245,975
108,670
11,500
Kate.
00
00
00
00
00
4f per cent.
5
5k
6
6à
“
“
“
Amount invested in real estate for banking purposes,..................................
$70,000
Estimated value of the same,.............................................................................
82.500
Assessed value of the sa m e ,.............................................................................
82.500
Net income received from same during year ending Oct. 31, 1901,
1,916
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
76,900
Assessed value of the s a m e ,.............................................................................
103,650
Number of loans which are of an amount not exceeding $3,000 each, 611
Aggregate amount of the same...........................................................................
930,724
Total number of loans upon real e s t a t e , ...........................................869
Gross amount of interest or profits, received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
321,558
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 1f per cent., $109,437 30
220,437
during the year ending Oct. 31, 1901,
.
I I f per cent.,* 111,000 00
Number of accounts opened during the year ending Oct. 31, 1901,
1,947
Number of accounts closed during the year ending Oct. 31, 1901,
1,725
Total number of open accounts Oct. 31, 1901,
.
.
.
.
18,334
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
14,260
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
894,518
Number of s a m e ,.............................................................................14,207
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................. 1,058,938
Number of s a m e ,.............................................................................12,160
Date of examination by commissioner: April 8.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* Estimated.
00
00
00
37
00
00
00
57
30
06
11
38
No. 8.]
109
SAYINGS BANK COMMISSIONERS
C H ELSE A SA V IN G S B A N K — CH ELSE A.
Incorporated April 29, 1854. Present number of corporators, 116.
T homas St r a h a n ,
President.
A l b e r t A . F i c k e t t , Treasurer.
A. F i c k e t t , Clerk of the Corporation.
A lbert
Names of committee charged with the investment of its funds:
G eorge
W. J.
M ou lton,
G eor g e B . M o r r il l ,
B e n j a m in F . D o d g e ,
A l b e r t A . F ic k e t t ,
A b r a m T . C o l l ie r .
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 Sh e e t O c t . 31, 1901.
A ssets .
Public funds, as per Schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), .
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand, . . . .
L ia b ilit ie s .
$481,000
1,550
159,050
37,750
332,687
00
00
00
00
50
36,796
86,095
2,045,285
1,152,825
27
90
00
00
27,000
200
123,458
5,433
12,312
4,216
00
00
40
90
50
33
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$4,505,660 80
$4,172,294 54
209,400 00
33,460 16
90,506 10
$4,505,660 80
Cash on Deposit in Banks, amount in each : —
Commercial National Bank, B oston,............................................................$4,500 56
First National Bank, C h e ls e a ,....................................................................
108,589 84*
Winnisimmet National Bank, C h e l s e a , ...................................................
10,368 00
Loans on Public Funds, amount on each : —
$1,050 United States 4s......................................................................................$1,050 00
500 United States 4 s , .............................................................................
500 00
* This amount, in excess of the legal limit, has been reduced.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
110
ßEPO RT
OF
THE
[P u b . D o c .
C helsea Savings B ank — Continued.
Loans on Bank Stock, amount on each :
500 shares National Hamilton Bank, Boston,
24 shares First National Bank, Bangor, Me., .
15 shares Winnisimmet National Bank, Chelsea,
4 shares Fourth National Bank, Boston,
7 shares First National Bank, Chelsea,
.
$35,000
800
1,150
300
500
00
00
00
00
00
Detailed Statement o f Public Funds.
Estimated
Market Value.
New Hampshire 6s, .
City of Bay City, Mich , 5s,
of Boston, Mass , 4s,
of Cambridge, Mass , 6s, .
of Canton, Ohio, 5 s..
of Chelsea, Mass., 4s,
of Chicago, 111., 3.65s,
of Cleveland, Ohio, 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 Peoria, 111., 4ès, .
of Saginaw, Mich., 4s,
of Taunton, Mass., 4s,
of Waltham, Mass , 4s,
of Worcester, Mass., 4ès,
Town of Canton, Mass., 4s,
of Danvers, Mass., 5s, .
of Marblehead, Mass., 4s,
of Norwalk, Conn., 4s, .
of Winthrop, Mass., 5 s,.
$4,500
16,500
50,000
2,000
4,000
20,000
7,000
3,000
1,000
5,000
20,000
6,000
13,000
20,000
25,000
30,000
16,000
8,000
65,000
15,000
25,000
25,000
22,000
20,000
8,000
2,000
6,000
31,000
11,000
$481,000
$4,735
16,500
54,437
2,070
4,200
20,700
7,000
3,000
1,065
5,387
22,200
6,255
13,522
20,900
28,000
33,350
17,320
8,880
70,850
15,000
26,112
27,875
24,185
20,800
8,500
2,140
6,080
31,000
11,550
00
00
50
00
00
00
00
00
00
50
00
00
50
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
$513,615 00
$4,500
16,500
50,000
2,000
4,000
20,000
7,000
3,000
1,000
5,000
20,000
6,000
13,000
20,000
25,000
30,000
16,000
8,000
65,000
15,000
25,000
25,000
22,000
20,000
8,000
2,000
6,000
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
00
00
00
00
$481,000 00
* Legal investments when made.
Detailed Statement o f Bank Stocks.
«©
Woo>
5
•>-<
216
98
112
Estimated
Market Value.
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$21,600
9,800
11,200
$23,112 00
10,290 00
13,216 00
$21,600 00
9,800 00.
11,200 00
No. 8.]
111
SAYINGS BANK COMMISSIONERS
C helsea Savings B ank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
25
226
100
32
200
52
63
130
43
20
42
47
116
17
24
15
30
15
45
5
20
Par Value.
Commercial N’l Bank, Boston,
Eliot National Bank, 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,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,.
Winnisimmet N’l B’k, Chelsea,
Railroad Nat’l Bank, Lowell, .
Nat’l Exchange Bank, Salem ,.
First N’l B’k, So. Weymouth, .
$2,500
22,600
10,000
3,200
20,000
5,200
6,300
13,000
-
2,000
4,200
-
11,600
1,700
2,400
750
3,000
1,500
4,500
175
2,000
$159,225
Estimated
Market Value.
$3,325
33,900
17,500
3,232
35,000
6,552
7,875
19,630
215
2,800
4,368
47
12,876
1,955
2,544
150
3,000
1,500
5,625
25
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
2 ,0 0 0
00
00
Amount Invested.
$2,500
22,600
10,000
3,200
20,000
5,200
6,300
13,000
00
00
00
00
00
00
00
00
2,000 00
4,200 00
-
11,600
1,700
2,400
750
3,000
1,500
4,500
00
00
00
00
00
00
00
-
2,000 00
$210,737 00 $159,050 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4¿s,
Boston & Providence R.R. 4s, .
Burlington & Missouri R.R. 6s,
Chic., Burlington & Quincy R.R, 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
20,000
45,000
15,000
15,000
35,000
45,000
25,000
25,000
25,000
20,000
40,000
Estimated
Market Value.
$28,250
25,200
48,825
18,000
16,425
35,940
46,880
29,750
22,500
00
00
00
00
00
00
00
00
00
29,000 00
22,200 00
44,650 00
Amount Invested.
$25,000
20,000
45,000
15,000
15,000
35,000
45,000
25,000
22,687
00
00
00
00
00
00
00
00
50
25,000 00
20,000 00
40,000 00
$335,000 $367,620 00 $332,687 50
112
ßEPOKT OF THE
[Pub. Doc.
C helsea S avin gs B a n k — Concluded.
Total Amount o f Loans, with Each Specified Rale o f Interest.
Amount.
$123,458
20,000
25,000
497,000
Rate.
40
00
00
00
2!i per cent.
3|
“
3£
“
4
“
Amount.
Rate.
Amount.
Rate.
$318,900 00
161,500 00
50,000 00
4| per cent.
4£
“
4|
$1,335,915 00
327,180 00
529,115 00
5 per cent.
5i
“
6
“
Amount invested in real estate for banking purposes,.................................. $36,796 27
Estimated value of the s a m e , ....................................................................
44,000
Assessed value of the sa m e ,.............................................................................
32,950
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
86,095
Assessed value of the sam e,.............................................................................
122,751
Number of loans which are of an amount not exceeding $3,000 each, 944
Aggregate amount of the s a m e , .................................................................... 1,310,335
Total number of loans upon real e s t a t e , .................................. 1,070
Gross' amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , .................................. ........
.
.
198,405
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., $75,578 49 I .... _
during the year ending Oct. 31, 1901,
.
( 1| per cent.,
68,144 241
’7
Number of accounts opened during the year ending Oct. 31, 1901,
2,060
Number of accounts closed during the year ending Oct. 31, 1901,
1,589
Total number of open accounts Oct. 31, 1901,
.
.
.
.
16,426
*
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
10,502
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
855,420
Number of s a m e ,.............................................................................
22,682
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
777,611
Number of s a m e ,.............................................................................14,090
Date of examination by commissioner : April 1 and 2.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
90
00
00
77
73
44
77
74
No. 8.]
SAVINGS BANK COMMISSIONERS
113
CHICOPEE S A V IN G S B A N K — CH ICOPEE.
Incorporated Feb. 27, 1845.
J o h n B. W
ood,
Present number of corporators, 50.
President.
L uther W
R u s s e l l L . S cott , Treasurer.
h it e ,
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
J o h n B. W ood ,
J a m e s L. P e a s e ,
J. A . C a r t e r ,
G e o r g e A. E d g e r t o n .
Open for business every business day, 9 a . m . to 3 p . m .
B ala n c e Sh e e t O ct . 31, 1901.
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 stock,
Boston Terminal Co. bonds,
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,
Cash on hand, .
.
.
.
$79,000
22,600
87,000
300
75,000
687,981
158,256
00
00
00
00
00
00
00
27,850
500
54,056
43,818
802
3,230
00
00
44
07
09
31
$1,240,393 91
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$1,167,410 80
55,500 00
6,561 09
9,672 02
1,250 00
$1,240,393 91
Cash on Deposit in Banks, amount in each : —
First National Bank, Chicopee.........................................................................$7,482 12
Chapin National Bank, Springfield,............................................................
8,000
Chicopee National Bank, Springfield,............................................................
15,000
City National Bank, S p r i n g f i e l d ,............................................................
10,000
Pynchon National Bank, Springfield,............................................................36,335 95
Second National Bank, Springfield,............................................................
5,056
Springfield National Bank, Sp rin g field ,...................................................
5,000
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
6,000
5,000
Hampden Trust Company, S p rin g field ,...................................................
Loan on Railroad Stock : —
2 shares Boston & Albany R.R.,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
44
00
00
00
[Pub. Doc
REPORT OF THE
114
Chicopee Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Akron, Ohio, 5s, .
of Altoona, Pa., 4s, .
of Chicopee, Mass., 4s,
of Lynn, Mass., 4s, .
of Portland, Me., 6s,
of Providence, R. I., 4s, .
Town of Rockport, Mass., 4s, .
$5,000
25.000
15.000
10.000
5.000
10,000
9.000
$79,000
Estimated
Market Value.
$5,100
27,920
16,857
11,150
5,730
10,725
9,240
00
00
00
00
00
00
00
$86,722 00
Amount Invested.
$5,000
25.000
15.000
10.000
5.000
10,000
9.000
00
00
00
00
00
00
00
$79,000 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
10
100
66
50
Par Value.
N’l B’k of Redemption, Boston,
First National Bank, Chicopee,
Chapin N’l Bank, Springfield,
City Nat’l Bank, Springfield, .
$1,000
10,000
6,600
5,000
$22,600
Estimated
Market Value.
$1,250
13,000
7,590
7,100
00
00
00
00
$28,940 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. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Illinois Central R.R. 3 is ,.
Maine Central R.R. 5s,
New York, New Haven & Hartford
R.R. 4 s ,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
00
00
00
00
00
Amount Invested.
$4,000
5,000
20,000
20,000
3,000
00
00
00
00
00
$4,000
5,000
20,000
20,000
3,000
$4,090
6,300
20,400
20,200
3,420
35,000
40,600 00
35,000 00
$87,000
$95,010 00
$87,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS
115
Chicopee Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Estimated
Market Value.
Boston Terminal Company 3is,
$75,000
$87,000 00
Amount Invested.
$75,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$39,056 44
15.000 00
13.000 00
Rate.
3 per cent.
3è
“
3i
“
Amount.
$67,525 00
15,000 00
127,200 00
Rate.
4 per cent.
4|
“
H
Amount.
$15,000 00
637,162 00
Rate.
4| per cent.
5
“
“
Number of loans which are of an amount not exceeding $3,000 each, 375
Aggregate amount of the s a m e , .................................................................... $399,287 00
Total number of loans upon real e s t a t e , ...........................................394
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
53,812 88
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.,
$20,846 61 )
42,519 77
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
21,673 16 1
Number of accouuts opened during the year ending Oct. 31, 1901,
. 502
Number of accounts closed during the year ending Oct. 31, 1901,
. 355
.
.
.
.
2,568
Total number of open accounts Oct. 31, 1901,
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
3,515 55
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
226,818 34
Number of s a m e ,.............................................................................2,812
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
182,545 45
Number of same..................................................................................2,017
Date of examination by commissioner: April 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
116
[Pub. Doc
REPORT OF THE
CHICOPEE F A L L S S A V IN G S B A N K — CH ICOPEE F A L L S .
Incorporated May 11, 1875.
Present number of corporators, 38.
G e o r g e S. T a y l o r , President.
H e n r y J. B o y d , Treasurer.
H e n r y J . B o y d , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
H. S m it h N e w e l l ,
J a m e s E. T a y l o r ,
G eorge M . M orton.
Jam es F l in t ,
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 Sh e e t O c t . 31, 1901.
L ia b ilit 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, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.
$18,292
30,530
38,414
11,000
1,446
432,479
63,190
40,226
3,059
223
3,255
2,763
50
00
45
00
36
38
08
34
42
72
00
52
$644,880 77
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$610,698 09
15,664 06
2,514 52
16,004 10
$644,880 77
Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, Springfield,............................................................$14,059 42
City National Bank, Springfield,....................................................................
6,115
Pynchon National Bank, Springfield,............................................................
9,809
Springfield National Bank, S p rin g fie ld ,...................................................
7,684
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
5,616
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
94
89
26
25
No. 8.]
117
SAYINGS BANK COMMISSIONERS.
Chicopee Palls Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Chicopee, Mass., 3£s, .
118,000
Estimated
Market Value.
$18,360 00
Amount Invested.
$18,292 50
No. o f
Shares.
Detailed Statement o f Bank Stocks.
10
5
16
20
50
13
4
40
25
50
20
20
Par Value.
First Nat’l Bank, Chicopee, .
First N’l Bank, Easthampton,.
Franklin Co. N’l B’k, Greenfield,
Hadley Falls N’l B’k, Holyoke,
Home Nat’l Bank, Holyoke, .
Palmer Nat’l Bank, Palmer, .
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First N’l Bank, Springfield, .
Springfield Safe Deposit and
Trust Company, Springfield,
$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
1,632
2,600
5,750
1,300
400
4,600
3,750
7,100
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
$34,032 00
$30,530 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 3ès,
Illinois Central R.R. 3ès, .
New York, New Haven & Hartford
R.R. 3 ¿ s , ..................................
New York, New Haven & Hartford
R.R. 4s, ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$5,000
5,000
$5,100 00
5,050 00
$5,199 10
5,143 82
10,000
10,500 00
10,556 11
15,000
17,400 00
17,515 42
$35,000
$38,050 00
$38,414 45
118
REPORT OF THE
[Pub. Doc.
Chicopee Falls Savings Bank — Concluded.
Boston Terminal Company Bonds.
Estimated
Par Value.
Boston Terminal Company 3ès,
$10,000
Market Value.
Amount Invested.
$11,600 00
$11,000 00
Total Amount o f Loans, with Each Specified Bate of Interest.
Amount.
$29,226 34
11,000 00
Kate.
3
3h
per cent.
“
Amount.
$40,000 00
Kate.
Amount.
4£ per cent.
$455,669 46
Kate.
5 per cent.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$1,446 30
Assessed value of the sa m e ,.............................................................................
1,550 00
Number of loans which are of an amount not exceeding $3,000 each, 259
Aggregate amount of the s a m e , ....................................................................
297,529 46
Total number of loans upon real e s t a t e , ...........................................233
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
28,038 96
Times for the dividends fixed by the by-laws : January 1 and July 1; pay
able on same days.
Rate and amount of each semi-annual dividend r 2 per cent.,
$10,775 36 1
22,063 84
during the year ending Oct. 31, 1901,
.
{ 2 per cent.,
11,288 48 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 315
Number of accounts closed during the year ending Oct. 31, 1901,
. 277
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,872
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
2,285 16
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 19 01 ,.....................................................................................
128,518 43
Number of s a m e ,.............................................................................2,593
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
102,128 12
Number of s a m e ,.............................................................................1,695
Date of examination by commissioner: April 11.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
119
SAYINGS BANK COMMISSIONERS
C IT IZ E N S ’ SA V IN G S B A N K — F A L L R IV E R .
Incorporated October, 1851. Present number of corporators, 51.
J o h n C. M i l n e , President.
E . E . H a t h a w a y , Treasurer.
G e o r g e H . E d d y , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
J o h n C. M i l n e ,
H enry H . E a r l,
W il l i a m F . T h o m a s ,
Sa m u e l W . H a t h a w a y ,
M arcus G. B. Sw if t .
Open for business every business day, 9 a . m . to 1 p . m .
B alan ce Sh e e t O ct . 31, 1901.
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 tes),..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, . . . .
$174,500
287,940
538,000
25,000
17,139
2,336,344
939,455
00
00
00
00
60
70
00
13,999
136,996
8,290
3,199
3,376
84
85
61
12
66
$4,484,242 38
Deposits, .
Guaranty fund,
Discount, .
Suspense account,
$4,096,027
210,533
159,352
18,328
.
36
55
64
83
$4,484,242 38
Cash on Deposit in Banks, amount in each: —
Eliot National Bank, B o s t o n , .................................................................... $27,356 19
First National Bank, B o s t o n , .................................................................... 27,16172
National Bank of Redemption, B o s t o n ,...................................................
27,399
National Bank of the Republic, Boston,
...................................................
27,086
Washington National Bank, Boston,............................................................
27,992
Pocasset National Bank, Fall R iv e r ,............................................................
8,290
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
49
72
73
61
120
REPORT OF THE
[Pub. Doc
Citizens’ Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
City of Bay City, Mich, 8s,
of Chicago, 111., 4s, .
of Indianapolis, Inch, 4s, .
of Kansas City, Mo., 4£s,.
of Milwaukee, Wis., 5s, .
of Somerville, Mass., 4£s,
of Waterbury, Conn., 4 s,.
$41,000
500
25.000
23.000
50.000
19.500
5,000
10.500
Estimated
Market Value.
$43,950
642
27,437
25,530
56,500
21,186
5,075
11,426
00
50
50
00
00
25
00
25
Amount Invested.
$41,000
500
25.000
23.000
50.000
19.500
5,000
10.500
00
00
00
00
00
00
00
00
$174,500 $191,747 50 $174,500 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
6
6
93
250
50
77
128
25
150
188
35
51
49
102
174
149
300
110
800
180
13
Par Value.
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National 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,
N ’l Hide & Leather B’k, Boston,
N’l Shawmut Bank, Boston, .
Shawmut N’l Bank, Boston, .
State National Bank, Boston, .
Suffolk National Bank, Boston,
Washington N’l Bank, Boston,
Fall River N’l B’k, Fall River,
Massasoit N’l B’k, Fall River,
Metacomet N’l B’k, Fall River,
Nat’l Union Bank,Fall River,.
Pocasset N’l B’k, Fall River, .
Second Nat’l Bank, Fall River,
Railroad Nat’l Bank, Lowell, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600
Estimated
Market Value.
Amount Invested.
$900 00
30 00
13,950 00
43,750 00
8,750 00
9,702 00
16,000 00
3,775 00
18,600 00
37,600 00
35 00
5,661 00
5,635 00
11,322 00
18,270 00
23,095 00
36,600 00
11,880 00
121,600 00
27,900 00
1,625 00
9,300 00
25,000 00
5,000 00
7,700 00
12,800 00
2,500 00
15,000 00
18,800 00
—
5,100 00
4,900 00
10,200 00
16,012 50
14,900 00
30,000 00
11,000 00
80,000 00
18,000 00
1,127 50
$289,500 $416,680 00
$287,940 00
-
9,300
25,000
5,000
7,700
. 12,800
2,500
15,000
18,800
_
5,100
4,900
10,200
17,400
14,900
30,000
11,000
80,000
18,000
1,300
$600 00
_
No. 8 .]
121
SAYINGS BANK« COMMISSIONERS.
Citizens’ Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Maine R.R. 4ès,
Boston, Revere Beach & Lynn R.R.
4 £ s , ...........................................
Boston, Winthrop & Shore R.R. 5 s,.
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Mahoning Coal Company R.R. 5s, .
Maine Central R.R. 4ès, .
Maine Central R.R. 5s, .
Maine Central R.R. 7s,
Milwaukee, Lake Shore & W estern
R.R. 5s.............................................
New York, Lackawanna & Western
R.R. 6 s ,...........................................
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4 s,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Troy & Boston R.R. 7s, .
Worcester, Nashua & Roch. R.R. 4s,
$25,000
20,000
Estimated
Market Value.
$27,500 00
25,200 00
Amount Invested.
$25,000 00
20,000 00
6,000
7,000
10,000
47,000
20,000
1,000
35,000
25,000
75,000
6,960
7,420
10,450
54,050
21,800
1,090
41,640
25,250
85,000
00
00
00
00
00
00
00
00
00
6,000
7,000
10,000
47,000
20,000
1,000
35,000
25,000
75,000
00
00
00
00
00
00
00
00
00
20,000
15,000
26,000
2,000
31,000
23,100
19,500
27,470
2,280
40,300
00
00
00
00
00
20,000
15,000
26,000
2,000
31,000
00
00
00
00
00
58,000
73,080 00
58,000 00
35,000
3,000
2,000
25,000
46,900
3,225
2,210
27,625
35,000
3,000
2,000
25,000
20.000
5,000
25,000
26,600 00
7,650 00
26,375 00
$538,000
00
00
00
00
00
00
00
00
20,000 00
5,000 00
25,000 00
$632,675 00 $538,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
Estimated
Market Value.
$29,000 00
Amount Invested.
$25,000 00
122
[Pub. Doc
REPORT OF THE
Citizens’ Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$136,996 85
421,599 84
10,000 00
4
per cent.
“
4|
“
2
Rate.
Amount.
$614,531 00
1,368,872 00
4£
5
per cent.
“
Rate.
Amount.
$683,102 70
191,694 00
5£ per cent.
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the sa m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 357
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................527
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 1 , ............................................................
Times for the dividends fixed by the by-laws : second Monday in June and
December; payable on same days.
Rate and amount of eachsemi-annualdividend ( 2 percent.,
$78,320 11 j
during the year ending Oct. 31,1901,.
.
12 percent.,
78,859 44 i
Number of accounts opened during the year ending Oct. 31, 1901,
1,518
Number of accounts closed during the year ending Oct. 31, 1901,
1,515
Total number of open accounts Oct. 31, 1901,
.
.
.
.
6,707
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
............................................................Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................................... 5,831
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,..................................................................................... 6,093
Date of examination by commissioner: September 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
$17,139 60
14,750 00
488,221 00
906 87
223,234 51
157,179 55
11,972 60
590,478 38
683,998 01
No. 8.]
SAVINGS BANK COMMISSIONERS.
123
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 r a n c is W . R o c k w e l l , President.
H ir a m B . W e l l in g t o n , Treasurer.
B e n ja m in M . E n g l a n d , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
H e n r y R . P e ir s o n ,
H ir a m B . W e l l in g t o n ,
J a c ob G i m l i c h ,
A rth u r A . M il l s ,
W il l ia m M . M e r c e r .
Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a . m . to 6 p . m .
B ala n c e Sh eet O ct . 31, 1901.
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
(notes).......................................
Deposits in banks, on interest, .
Deposits in banks, noton interest,
Expense account,
Premium account,
Cash on hand, . . . .
$11,000
6,228
2,100
49,000
300
45,000
5,227
362,040
37,960
00
00
00
00
00
00
83
73
00
2,200
1,540
6,767
899
5,413
1,747
00
02
27
88
87
79
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rent account, .
$537,425 39
$527,587 88
6,273 12
3,171 70
6 00
386 69
$537,425 39
Cash on Deposit in Banks, amount in each: —
Agricultural National Bank, Pittsfield...........................................................
Pittsfield National Bank, P ittsfield ,...........................................................
Third National Bank, Pittsfield,....................................................................
Berkshire Loan and Trust Company, Pittsfield,...........................................
$957
959
4,350
2,040
01
67
59
02
Loans on Bank Stock, amount on each: —
10 shares Berkshire Loan and Trust Company, Pittsfield,.
.
.
.
2 shares Berkshire Loan and Trust Company, Pittsfield,.
.
.
.
4 shares Berkshire Loan and Trust Company, Pittsfield,.
.
.
.
5 shares Third National Bank, Pittsfield,...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,000 00
200 00
400 00
500 00
[Pub. Doc
REPORT OF THE
124
C ity Savin gs B a n k — Continued.
Loans on Railroad Stock, amount on each: —
1
1
share Boston & Albany R . R . , ................................................................. $100 00
share Boston & Albany R . R . , .................................................................
200 00*
* This loan, in excess of the legal limit, will he reduced.
Detailed Statement o f Public Funds.
Par Value.
Town of Adams, Mass., 5s,
of Stoughton, Mass., 4s,
Estimated
Market Value.
Amount Invested.
$5,000
6,000
$5,231 00
6,630 00
$5,000 00
6,000 00
$11,000
$11,861 00
$11,000 00
No. of
Shares.
Detailed Statement o f Bank 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 N’l B’k, Stockb’dge,
Estimated
Market Value.
$1,000
500
1,900
1,000
$1,070
1,225
1,995
1,450
00
00
00
00
$4,400
$5,740 00
Amount Invested.
$1,075
1,300
2,318
1,535
00
00
00
00
$6,228 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Revere Beach & Lynn R.R.
4 ¿ s , ...........................................
Chic., Burlington & Quincy R,R. 3is,
Chic., Burlington & Quincy R.R. 7s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3ès, .
Penobscot Shore Line R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
9.000
2.000
3.000
5.000
17,000
8.000
$49,000
Estimated
Market Value.
$5,850
9,180
2,110
3,288
5,650
17,170
8,660
00
00
00
00
00
00
00
$51,908 00
Amount Invested.
$5,000
9.000
2.000
3.000
5.000
17,000
8.000
00
00
00
00
00
00
00
$49,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
125
C ity Savin gs B ank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$45,000
Estimated
Market Value.
$52,200 00
Amount Invested.
$45,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$1,540 02
1,600 00
Kate.
2 per cent.
4
“
Amount.
$14,000 00
368,497 32
Kate.
4£ per cent.
5
“
Amount.
$20,503 41
Rate.
6 per cent.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$5,227 83
Assessed value of the s a m e ,............................................................................
5,100 00
Net income received from same during the year ending Oct. 31, 1901,
34 27
Number of loans which are of an amount not exceeding $3,000 each, 154
Aggregate amount of the s a m e , ....................................................................
190,213 82
Total number of loans upon real e s t a t e , ...........................................157
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
22,588 31
Times for the dividends fixed by the by-laws: January 10 and July 10;
payable on same days.
Rate and amount of each semiannual dividend f1| per cent.,
$8,017 14 1
16,485 25
during the year ending Oct. 31, 1901, .
1 If per cent.,
8,468 11 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 468
Number of accounts closed during the year ending Oct. 31, 1901,
. 324
Total number of open accounts Oct. 31, 1901,
. . . .
1,654
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
2,370 99
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
154,260 88
Number of s a m e ,.....................................................................................2,243
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
128,674 23
Number of s a m e ,..................................................................................... 1,311
Date of examination by commissioner: October 2.
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, 48.
J o h n E. G a l e , President.
G e o r g e W . N o y e s , Treasurer.
G e o r g e W . N o y e s , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
J o h n E. G a l e ,
S. P. G a r d n e r ,
S a m u e l W. H o p k in so n ,
G e o r g e N ic h o l s , 2d,
P h i l i p C. S w e t t .
Open for business every business day except Saturdays, 9
9 a . m . to 12.30 p .m .
B a l a n c e Sh e e t
to 2 p . m . ; Saturdays,
O c t . 3 1 , 1901.
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,
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,
Premium account,
Tax account,
. . . .
Cash on hand, . . .
.
a .m .
L ia b ilit ie s .
$170,200
35,350
9,600
360.000
4,250
150.000
642,836
525,301
00
00
00
00
00
00
66
88
24,000
100
63,416
2,956
21,228
2,565
1,886
00
00
64
07
64
74
07
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$2,013,691 70
$1,870,580 43
93,750 00
31,493 59
17,867 68
$2,013,691 70
Cash on Deposit in Banks, amount in each: —
First National Bank, Haverhill,.................................................................... $38,416 64
Haverhill National Bank, Haverhill,............................................................
15,000 00
10,000 00
Haverhill Safe Deposit and Trust Company, Haverhill...............................
Loans on Bank Stock, amount on each: —
8 shares First National Bank, Haverhill,...............................................
10 shares First National Bank, Haverhill,............................................... \
18 shares Pacific National Bank, L a w r e n c e ,.......................................I
12 shares National Bank of Methuen, Methuen............................................ j
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$800 00
3,000 00
No. 8.]
127
SAYINGS BANK COMMISSIONERS
City Five Cents Savings Bank — Continued.
18 shares First National Bank, Haverhill,...............................................
40 shares Farmington National Bank, Farmington, N. H.,
.
.
.
8 shares First National Bank, Haverhill,...............................................
20 shares Second National Bank, H a v e r h i ll,...........................................
5 shares Second National Bank, H a v e r h i ll,.......................................
$700 00
2,500 00
600 00
1,500 00
500 00
Loans on Railroad Stock, amount on each : —
6 shares Boston & Maine R .R .,................................................................
26 shares Boston & Maine R .R .,....................................................................
$600 00
3,650 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., 4às,.
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
14,200
2,000
$170,200
Estimated
Market Value.
$27,062
7,315
48,534
11,300
11,150
11,975
29,300
10,900
10,425
14,542
2,085
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
14,200
2,000
00
00
00
00
00
00
00
00
00
00
00
$184,588 00 $170,200 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
30
25
9
15
165
45
22
50
Par Value.
Massachusetts N’l B’k, Boston,
Merchants Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
Tremont Nat’l Bank, Boston, .
First Nat’l Bank, Haverhill, .
Haverhill N’l Bank, Haverhill,
Merrimack N’l B’k, Haverhill,
Haverhill Safe Deposit and
Trust Company, Haverhill,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,000
2,500
900
750
16,500
4,500
2,200
Estimated
Market Value.
$3,360
4,375
1,134
150
24,750
6,975
3,300
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
$50,044 00
$35,350 00
128
REPORT 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. 4 s,.
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.
$11,000
63,475
12,600
10,200
26,000
27,500
5,150
37,392
60,600
15,825
13,275
26,875
45,149
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
13,200 00
16,050 00
10,600 00
10,000 00
15,000 00
10,000 00
$360,000 $394,891 00
$360,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3^s,
$150,000
Estimated
Market Value.
$174,000 00
Amount Invested.
$150,000 00
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$38,416
25.000
15.000
9,000
Bate.
64
00
00
00
2¿ per cent.
3
3.055 “
3Vs “
Amount.
$25,000
160,000
241,250
123,401
Kate.
00
00
00
88
3£ per cent.
3|
«
4
“
4¿
“
Amount.
$23,500
549,674
20,190
39,071
Rate.
00
71
00
95
4| per cent.
5
5i
“
6
«
Number of loans which are of an amount not exceeding $3,000 each, 268
Aggregate amount of the s a m e , .................................................................... $371,561 66
Total number of loans upon real e s t a t e , ...........................................297
Amount of investments from which no income is received, .
.
.
.
750 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
129
City 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 1 , ............................................................
$86,538 83
Times for the dividends fixed by the by-laws: December 1 and June 1;
payable first Wednesday in June and December.
Rate and amount of each semi-annual dividend f 1| per cent., .$30,607 23 1
61,681 53
during the year ending Oct. 31, 1901,.
. i 1| per cent.,
31,074 30 J
Number of accounts opened during the year ending Oct. 31,1901, 1,074
Number of accounts closed during the year ending Oct. 31, 1901,
. 781
Total number of open accounts Oct. 31,1901..................................
7,309
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
5,860 05
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
292,405 14
Number of s a m e ,..................................................................................... 7,073
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
299,649 47
Number of s a m e ,..................................................................................... 4,848
Date of examination by commissioner: February 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
130
REPORT OF THE
[Pub. Doc
C IT Y IN 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, 29.
F r e d A. B u t t r 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 of the Corporation.
Names of committee charged with the investment of its funds :
F r e d A . B u t t r ic k ,
L eon a rd H un tress,
A d d is o n P u t n a m ,
F r a n k Co b u r n ,
H e n r y C. C o o p e r .
Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 7 to 9 p . m .
B alan ce S h e e t O ct . 31,1901.
A ssets .
L ia b ilit ie s .
Public funds, as per schedule, . $1,123,000 00
Bank stock, as per schedule,
509,067 00
Loans on bank stock,
16,111 25
Railroad bonds, as per schedule,
1,854,250 00
Real estate by foreclosure,
14,254 74
Loans on real estate, .
2,911,538 46
Loans on personal security,
1,228,812 60
Loans to counties, cities or towns
(notes).......................................
52,700 00
Deposits in banks, on interest, .
83,902 32
Bank liquidation account, .
3,380 95
Suspense account,
2,469 34
Cash on hand, .
. . .
1,386 53
$7,800,873 19
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
.
.
$7,278,159 20
360,000 00
107,117 09
55,596 90
$7,800,873 19
Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
National Shawmut Bank, Boston,
Third National Bank, Boston,
.
Appleton National Bank, Lowell,
Pynchon National Bank, Springfield, .
$1,466
2,149
1,834
38,452
40,000
26
13
41
52
00
Loans on Bank Stock, amount on each: —
111 shares Pacific National Bank, Lawrence,
20 shares Lowell Trust Company, Lowell,.
20 shares Lowell Trust Company, Lowell,
5 shares Appleton National Bank, Lowell,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$8,761 25
1,500 00
2,100 00
I
No. 8.]
SAYINGS BANK COMMISSIONERS.
131
City Institution for Savings — Continued.
10 shares Massachusetts Loan and Trust Company, Boston, .
.
.
6 shares Appleton National Bank, L o w e l l , .......................................
15 shares First National Bank, L o w e l l ,...................................................
10 shares Merchants National Bank, L o w e ll,...........................................
1 share Traders National Bank, Lowell,
.
.
.
.
.
.
3 shares Wamesit National Bank, L o w e l l , .......................................
$700
500
1,500
700
100
250
00
00
00
00
00
00
Detailed Statement o f Public Funds,
Estimated
Par Value.
Massachusetts 3£s, .
.
.
.
County of Middlesex, Mass., 4s,
City of Altoona, Pa., 4s, .
of Des Moines, Iowa, 4s, .
of Fitchburg, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Saginaw, Mich., 4£s, .
of Waterbury, Conn., 4s, .
Town of Cranston, R. I., 4s,
of Leominster, Mass., 4s,
of Maynard, Mass., 4s. .
Market Value.
Amount Invested.
$116,000 $125,425 00 $100,000 00
39,000 00
39,000
43,680 00
50,000 00
56,250 00
50,000
26,000 00
26,000 00
26,000
125,000 00
139,906 25
125,000
111,593 75
100,000 00
100,000
100,000
113,250 00
100,(¡00 00
50,000 00
56,125 00
50,000
100,000 00
111,750 00
100,000
145,000 00
145,000
162,325 00
50,000 00
50,000
54,375 00
100,000 00
100,000
109,000 00
83,250 00
74,000 00
74,000
55,860 00
49,000 00
49,000
15,000 00
16,593 75
15,000
$1,139,000 $1,265,383 75 $1,123,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
80
200
204
124
39
100
200
125
44
100
150
100
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Bunker Hill N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Massachusetts Loan and Trust
Co., Boston.............................
Merchants N’l Bank, Boston, .
Metropolitan N’l Bank, Boston,
N’l B’k of Commerce, Boston,.
Nat’l Bank of the Commonwealth, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$8,000
20,000
4,692
12,400
3,900
10,000
20,000
$9,760
21,400
1,020
13,020
7,410
15,000
35,000
00
00
00
00
00
00
00
$8,000
20,000
4,692
12,400
3,900
10,000
20,000
00
00
00
00
00
00
00
12,500
4,400
10,000
15,000
13,125
7,700
10,000
18,900
00
00
00
00
12,500
4,400
10,000
15,000
00
00
00
00
10,000
19,600 00
10,000 00
[Pub. Doc
REPORT OF THE
132
City Institution for Savings — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
400
400
78
50
100
500
86
70
65
40
265
100
100
108
136
100
118
39
25
610
94
75
51
220
78
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,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Old Boston Nat’l Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Bay State N’l Bank, Lawrence,
Appleton Nat’l Bank, Lowell,
First National Bank, Lowell, .
Merchants Nat’l B’k, Lowell, .
Old Lowell Nat’l B’k, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, L ow ell,.
First N’l Bank, Marlborough,
Framingham National Bank,
South Framingham,
$40,000
40,000
-
5,000
10,000
50,000
3,600
7,000
6,500
4,000
26,500
-
10,000
10,800
13,600
10,000
5,900
3,900
1,875
61,000
9,400
7,500
5,100
22,000
7,800
10,000
2,500
4,200
Estimated
Market Value.
$50,000
60,400
390
7,000
12,400
100,000
5,436
7,280
9,360
3,960
47,700
100
15,000
11,988
15,640
10,600
1,180
4,329
2,875
70,150
13,160
10,500
5,508
24,200
9,750
10,000
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
00
00
00
$40,000 00
40,000 00
6,300 00
4,200 00
-
5,000
10,000
50,000
3,600
7,000
6,500
4,000
26,500
00
00
00
00
00
00
00
00
-
10,000
10,800
13,600
10,000
5,900
3,900
1,875
61,000
9,400
7,500
5,100
22,000
7,800
10,000
2,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$509,067 $689,641 00 $509,067 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburg R.R. 4ès,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Erie & Pittsburgh R.R. 3és,
Fitchburg R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$200,000 $215,297 50 $200,000 00
200,000 00
219,000 00
200,000
100,000 00
121,000 00
100,000
200,000 00
200,000
219,250 00
57,750 00
50,000 00
50,000
26,000 00
25,000 00
25,000
50,000 00
50,000
56,125 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
134
REPORT OF THE
[Pub. Doc.
City Institution for Savings — Concluded.
Number of accounts opened during the year ending Oct. 31, 1901,
2,136
Number of accounts closed during the year ending Oct. 31, 1901,
1,917
Total number of open accounts Oct. 31, 1901,
.
.
.
.
17,161
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... $14,849 30
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,..................................................................................... 1,004,485 13
Number of s a m e ,.............................................................................14,814
Amount of withdrawals, including dividends, during the year ending
•
Oct. 31, 1 9 0 1 , .............................................................................................. 1,058,656 18
Number of s a m e ,.............................................................................18,172
Date of examination by commissioner : December 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
135
SAYINGS BANK COMMISSIONERS.
C L IN T O N SA V IN G S B A N K — C L IN T O N .
Incorporated May 15, 1851. Present number of corporators, 40.
J o h n E. T h a y e r , President.
C. L. S. H a m m o n d , Treasurer.
C. L. S. H a m m o n d , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
J o h n E. T h a y e r ,
G e o r g e P. T a y l o r ,
L u c iu s F i e l d ,
E. S. F u l l e r ,
C. C. S t o n e .
Open for business every business day except Saturdays, 9 a .m . to 12 m . ; 1 to 3 p .m . ;
Saturdays, 9 a . m . to 1 p .m .
B alance
Sh eet
Oct.
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,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o tes),..................................
Deposits in bank, on interest, .
Deposits in bank, not on interest,
Premium account,
Cash on hand, .
.
.
.
31,1901.
L ia b ilit ie s .
$69,000
189
63,880
170
179,300
44,700
740
894,633
705,510
00
00
00
00
00
00
00
57
00
199,800
47,469
38,020
10,000
12,267
00
22
51
00
49
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$2,265,679 79
$2,169,369 06
89,000 00
7,310 73
$2,265,679 79
Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , .................................................................... $47,469 22
First National Bank, C l i n t o n ,....................................................................
38,020 51
Loan on Public Funds: —
$1,000 United States 4 s , .............................................................................
$189 00
Loan on Bank Stock: —
9
shares Northern National Bank, Hallowell, M e . , ..............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$170 00
136
REPORT OF THE
[Pub. Doc
Clinton Savings Bank — Continued.
Detailed Statement o f Public 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,
$2,000
5,000
5,000
5,000
51,000
$68,000
Estimated
Market Value.
$2,105
5,300
5,650
5,500
55,225
00
00
00
00
00
$73,780 00
Amount Invested.
$2,000
5,000
5,500
5,500
51,000
00
00
00
00
00
$69,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
14 Atlas National Bank, Boston, .
20 Central National Bank, Boston,
50 Manufacturers N’l B’k, Boston,
30 Metropolitan N’l Bank, Boston,
5 National City Bank, Boston, .
6 N’l Hide &Leather B’k, Boston,
70 Nat’i Webster Bank, Boston, .
350 First National Bank, Clinton,.
40 Fitchburg Nat’i B’k, Fitchburg,
50 First N’l Bank, New Bedford,
50 National Bank of Commerce,
New Bedford,
50 OrangeNational Bank, Orange,
$1,400
2,000
_
3,000
_
600
7,000
35,000
4,000
5,000
Estimated
Market Value.
$1,498
2,360
150
3,000
25
744
7,280
43,750
5,640
6,250
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,400 00
2,000 00
3,000 00
-
600
7,000
35,000
4,880
5,000
00
00
00
00
00
575
5,000
100 00
8,000 00
5,000 00
$63,575
$78,797 00
$63,880 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. 3ès,.
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.
$21,110
1,010
20,400
9,480
36,400
13,130
00
00
00
00
00
00
Amount Invested.
$20,000
1,000
20,000
9,000
35,000
13,000
00
00
00
00
00
00
No. 8.1
137
SAYINGS BANK COMMISSIONEKS
Clinton Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York, New Haven & Hartford
R.R 4 s ,...........................................
Old Colony R.R. 4s............................
St. Johnsbury & Lake Champlain
R.R. 5s, ...........................................
$10,000
7,000
$11,400.00
9,100 00
$11,500 00
7,000 00
15,000
18,900 00
18,600 00
15,000
16,000
17,400 00
17,935 00
16,000 00
16,500 00
10,000
13,300 00
11,700 00
$171,000
$189,565 00 $179,300 00
Boston Terminal Company Bonds.
Par Value.
$40,000
Boston Terminal Company 3£s,
Estimated
Market Value.
Amount Invested.
$46,400 00
$44,700 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$47,469
25.000
35.000
15.000
10.000
22
00
00
00
00
2 per cent.
3VL6 “
3%
3|
«
“
Amount.
$349,800
25.000
140,000
150,500
30.000
Rate.
00
00
00
00
00
4 per cent.
4|
“
41
“
44
“
4|
«
Amount.
$50,000
894,379
1,600
72,773
1,250
Rate.
00
57
00
00
00
Value, by books, of real estate, held or owned by foreclosure or other
wise, ..............................................................................................................
Assessed value of the sa m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 431
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................421
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1901,
.
.
.
.
.
.
.
.
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
4| per cent.
5
»
BA
“
6
«
7
$740 00
1,400 00
488,884 49
96,457 66
138
REPORT OF THE
[Pub. Doc.
Clinton Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 1| per cent., $35,204 72
j $70,771 46
during the year ending Oct. 31, 1901, .
.
1 1| per cent.,
35,566 74
Number of accounts opened during the year ending Oct. 31, 1901,
1,005
Number of accounts closed during the year ending Oct. 31, 1901,
. 806
Total number of open accounts Oct. 31, 1901,
.
.
.
.
6,667
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)................................................................................................
5,257 60
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
394,993 25
Number of s a m e ,.............................................................................6,453
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1901.....................................................................................
398,017 85
Number of same..................................................................................4,689
Date of examination by commissioner : May 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
139
SAYINGS BANK COMMISSIONERS.
COHASSET S A V IN G S B A N K — COHASSET.
Incorporated Feb. 28, 1845. Present number of corporators, 44.
A braham H . T o w er ,
President.
Treasurer.
Ca l e b L othrop,
C a l e b L o t h r o p , C le r k
of the Corporation.
Names of committee charged with the investment of its funds :
H.
A braham
Ca l e b
F.
Tow er,
N ic h o l s ,
C.
Ja m e s P r a t t ,
G e o r g e K . N ic k e r s o n .
Open for business every business day except Saturdays, 8.30 a . m . to 12.30 p . m . ;
1.30 to 4 p . m .
B ala n c e S h eet O c t . 31,1901.
L ia b ilit 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 te s),..................................
Deposits in banks, on interest, .
Expense account,
Suspense account,
Furniture and fixtures,
Cash on hand, . . .
.
$14,000
15,555
48.000
20.000
00
00
00
00
14,428
44,436
496,267
117,000
21
87
00
00
56,500
14,607
1,074
1,724
900
2,477
00
00
95
77
00
77
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Real estate income
account,
$795,090 79
33,295 00
12,856 96
4,720 64
1,008 18
$846,971 57
$846,971 57
Cash on Deposit in Banks, amount in each : —
09
Atlas National Bank, Boston........................................................................... ...........
Hingham National Bank, Hingbam ,............................................................
12,180 91
Detailed Statement o f Public Funds.
Estimated
Par Value,
City of Springfield, Ohio, 4 ès,.
Town of Eoxborough, Mass., 4s,
of Methuen, Mass., 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
j Market value.
Amount Invested.
$9,000
2,000
3,000
$10,020 00
2,252 50
3,405 00
$9,000 00
2,000 00
3,000 00
$14,000
$15,677 50
$14,000 00
REPORT OF THE
140
[Pub. Doc.
C oh a sset Savings B a n k — Continued.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
13
45
20
40
30
15
15
43
18
10
30
16
15
10
32
15
18
10
Par Value.
Blackstone N’l Bank, Boston, .
Boston National Bank, Boston,
Columbian N’l Bank, Boston, .
Continental N’l Bank, Boston,
Market Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
N’l B'k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,.
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Shawmut Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
¡Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
$299
_
10
—
2,340
1,500
1,500
_
36
1,000
570
1,600
1,500
1,000
_
1,500
900
1,000
$14,755
Estimated
Market Value
$65
45
20
200
390
2,625
2,265
215
54
1,240
90
3,200
2,265
1,040
32
1,665
180
1,110
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$16,701 00
Amount Invested.
$299 00
_
10 00
2,340 00
1,500 00
1,500 00
_
36
1,000
570
2,400
1,500
1,000
00
00
00
00
00
00
_
1,500 00
900 00
1,000 00
$15,555 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.
$5,700
14,462
16,725
6,012
11,500
00
50
00
50
00
$54,400 00
Amount Invested.
$5,000
13.000
15.000
5,000
10.000
00
00
00
00
00
$48,000 00
Boston Terminal Company Bo?ids.
Par Value.
Boston Terminal Company 3és,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
Estimated
Market Value.
$23,200 00
Amount Invested.
$20,000 00
No. 8.]
141
SAYINGS BANK COMMISSIONERS.
Cohasset Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$14,607 00
53,500 00
9,000 00
Rate.
2 per cent.
4
“
4i
“
Amount.
$89,300 00
49,000 00
278,550 00
Rate.
4£ per cent.
4|
5
Amount.
$5,000 00
77,037 00
108,380 00
Rate.
5J per cent.
H
“
6
“
$14,428 21
Amount invested in real estate for banking purposes,..................................
15.000 00
Estimated value of the s a m e , ....................................................................
11.000 00
Assessed value of the s a m e ,.............................................................................
315 16
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
44,436 87
otherwise...........................................................................................................
69,077 77
Assessed value of the s a m e ,.............................................................................
693 02
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 174
171,622 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................234
9,000 00
Amount of investments from which no income is received,.
.
.
.
Gross amount of interest or profits received or earned, as per books,
37,011 43
during year ending Oct. 31, 1 9 0 1 , ............................................................
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 f 2 per cent., $14,198 32 j 28,882 36
during the year ending Oct. 31, 1901, .
.
i 2 per cent.,
14,684 04 >
Number of accounts opened during the year ending Oct. 31, 1901,
. 246
Number of accounts closed during the year ending Oct. 31, 1901,
. 103
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,805
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
2,462 59
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
122,292 05
ending Oct. 31, 1901, .
...........................................
Number of s a m e ,..................................................................................... 1,198
Amount of withdrawals, including dividends, during the year ending
93,446 88
Oct. 31, 1901......................................................................................................
Number of same...........................................................................................1,069
Date of examination by commissioner: June 11.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
[Pub. Doc.
REPORT OF THE
142
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. Present number of corporators, 26.
B e n j a m in
W.
C u r r ie r ,
C.
President.
N eal B a r n e y ,
W i l l i a m M. B a r n e t , Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
W il l i a m M . B a r n e y ,
T h om a s C a m p b e l l , 2d,
P a t r ic k B. M a g r a n e ,
E u g e n e A. P u t n a m ,
W a l t e r M . L ib b e y .
Open for business every business day, 9
a .m .
to 1 p .m ., also Saturdays, 3 to 6
p m.
B ala n c e S h e e t O c t . 81, 1901.
L ia b ilit ie s .
A ssets .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Premium account,
Taxes paid,
.
.
.
.
Cash on hand, .
.
.
.
$3,000
3,500
7,000
69,700
5,000
12,674
626
771
1,646
51
1,914
Deposits, .
Guaranty fund,
Interest account,
00
00
00
00
00
18
71
54
00
27
42
$105,503 75
156 00
224 37
$105,884 12
$105,884 12
Cash on Deposit in Banks, amount in each: —
Manufacturers National Bank, Lynn,.
Metropolitan National Bank, Boston, .
National Bank of Redemption, Boston,
.
$5,158 45
4,977 77
2,537 96
.
Detailed Statement o f Publie Funds.
Par Value.,
City of Barre, Vt., 4s,
of Quincy, Mass , 3às,
of St. Joseph, Mo., 6s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$1,000
1,000
1,000
$1,082 50
1,000 00
1,042 50
$1,000 00
1,000 00
1,000 00
$3,000
$3,125 00
$3,000 00
No. 8.]
143
SAYINGS BANK COMMISSIONERS.
C om m on w ea lth S avings B a n k — Continued.
Detailed Statement o f Bank Stocks.
«M w
O O
O
%
Par Value.
^ 55
10
20
5
Central Nat’l Bank, Boston, .
Commercial Nat’l B’k, Boston,
Peoples Nat’l Bank, Boston, .
Estimated
Market Value.
Amount Invested.
$1,000
2,000
500
$1,180 00
2,660 00
575 00
$1,000 00
2,000 00
500 00
$3,500
$4,415 00
$3,500 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 7s,
Fitchburg R.R. 5s..............................
New York, New Haven & Hartford
R.R. 3ès,
..................................
Estimated
Market Value.
Amount Invested.
$2,000
2,000
1,000
$2,040 00
2,100 00
1,027 50
$2,000 00
2,000 00
1,000 00
2,000
2,095 00
2,000 00
$7,000
$7,262 50
$7,000 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$7,696 41
4,977 77
Rate.
2 per cent.
2h
“
Amount.
$50,100 00
22,400 00
Rate.
5 per cent.
5¿
“
Amount.
$2,200 00
Rate.
6 per cent.
Number of loans which are of an amount not exceeding §3,000 each, 23
Aggregate amount of the s a m e , .................................................................... §33,000 00
Total number of loans upon real e s t a t e , ...........................................30
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1901,
............................................................2,011 13
Times for the dividends fixed by the by-laws: first Wednesday of June
and December; payable on the following day.
Rate and amount of each semi-annual dividend f 1J per cent.,
$355 70 1
^ 2 28 14
during the year ending Oct. 31, 1901, .
.
1 1| per cent.,
872 44 J
’
Number of accounts opened during the year ending Oct. 31, 1901, . 326
Number of accounts closed during the year ending Oct. 31, 1901,
. 82
Total number of open accounts Oct. 31, 1 9 0 1 , .................................. 450
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Federal Reserve Bank of St. Louis
144
REPORT OF THE
[Pub. Doc.
C om m on w ea lth Savings B ank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... $1,145 52
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
90,362 99
Number of s a m e ,.............................................................................1,102
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 1 , ..............................................................................................
24,838 18
Number of s a m e ,..................................................................................... ....
Date of examination by commissioner : August 1.
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
145
C O N W A Y SA V IN G S B A N K — C O N W A Y .
Incorporated March 10, 1887.
Present number of corporators, 25.
W i l l i a m G. A v e r t , Treasurer.
G. A v e r y , Clerk of the Corporation.
J o h n B . P a c k a r d , President.
W
il l i a m
Names of committee charged with the investment of its funds :
J o h n B. P a c k a r d ,
Car los B a t c h e l d e r ,
A rthur P. D elabarre,
H a r r is D . P e a se ,
Ch arles L . Bo tden .
Open for business every business day, 9 a . m . to 3 p .m .
B alan ce Sh e e t O ct . 31,1901.
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,
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand, . . .
.
L ia b ilit ie s .
$10,000
5,000
3,050
10,000
5,000
3,789
186,476
11,630
52,118
550
2,738
00
00
00
00
00
55
00
00
25
00
42
Deposits, .
Guaranty fund,
Profit and loss account, .
$290,352 22
$284,771 33
5,444 36
136 53
$290,352 22
Cash on Deposit in Banks, amount in each: —
Old Colony Trust Company, Boston,..................................................................... $5,567
Conway National Bank, C o n w a y , ............................................................
10,000
Packard National Bank, Greenfield,............................................................
10,000
Hampshire County National Bank, Northampton,..................................
10,000
Northampton National Bank, N ortham pton,...........................................
7,500
Pynchon National Bank, Springfield,............................................................
4,050
Hampden Trust Company, Sp rin gfield,...................................................
5,000
61
00
00
00
00
64
00
Loans on Bank Stock, amount on each: —
4
3
10
24
shares Conway National Bank, C o n w a y , ........................................
shares Conway National Bank, C o n w a y , ........................................
shares City National Bank, H o ly o k e ,................................................
shares Agawam National Bank, Springfield,........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$250
200
800
1,800
00
00
00
00
[Pub. Doc.
REPORT OF THE
146
Conway Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
of
of
of
of
of
of
Boston, Mass., 5s,
Canton, Ohio, 5s, .
Fitchburg, Mass., 6s, .
Holyoke, Mass., 4s,
Milwaukee, Wis., 5s, .
Newton, Mass., 4s,
Somerville, Mass., 4s, .
Springfield, Ohio, 4£s,.
Worcester, Mass., 5s, .
$1,000
1,000
1,000
2,000
1,000
1,000
1,000
1,000
1,000
$10,000
Estimated
Market Value.
$1,052
1,005
1,087
2,155
1,150
1,140
1,050
1,075
1,052
50
00
50
00
00
00
00
00
50
$10,767 50
Amount Invested.
$1,000
1,000
1,000
2,000
1,000
1,000
1,000
1,000
1,000
00
00
00
00
00
00
00
00
00
$10,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
30
10
10
Estimated
Par Value.
Conway Nat’l Bank, Conway,
City National Bank, H olyoke,.
Adams Nat’l Bank, No. Adams,
Market Value.
Amount Invested.
$3,000
1,000
1,000
$3,000 00
1,150 00
1,150 00
$3,000 00
1,000 00
1,000 00
$5,000
$5,300 00
$5,000 00
D eta iled S ta tem en t o f B a ilr o a d B o n d s.
Par Value.
Boston & Albany R.R. 4s,
Connecticut River R.R. 4s,
Illinois Central R.R. 3£s,.
Old Colony R.R. 4 s ,.
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
5,000
1,000
Estimated
Market Value.
$1,070
1,155
5,050
1,110
00
00
00
00
Amount Invested.
$1,000
1,000
5,000
1,000
00
00
00
00
1,000
1,000
1,330 00
1,125 00
1,000 00
1,000 00
$10,000
$10,840 00
$10,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
147
Conway Savings Bank — Concluded.
B o ston T er m in a l C o m p a n y B o n d s.
Boston Terminal Company 34s,
Par Value.
Estimated
Market Value.
$5,000
$5,800 00
Amount Invested.
$5,000 00
Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In terest.
Amount.
$5,567 61
32,500 00
Kate.
2 per cent.
34
“
Amount.
$10,000 00
197,403 00
Kate.
4 per cent.
5
Amount.
$3,753 00
Rate.
6 per cent.
Value, by books, of real estate, held or owned by foreclosure or other
wise, ..............................................................................................................
$3,789 55
Assessed value of the sa m e ,.............................................................................
4,000 00
Number of loans which are of an amount not exceeding $3,000 each, 127
Aggregate amount of the s a m e , ....................................................................
148,556 00
Total number of loans upon real e s t a t e , ...........................................123
Amount of investments from which no income is received,.
.
.
.
3,789 55
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
12,469 25
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.,
$4,995 50 I
10,330 56
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
5,335 06 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 173
Number of accounts closed during the year ending Oct. 31, 1901,
. 100
Total number of open accounts Oct. 31, 1 9 0 1 , .................................. 948
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
1,053 45
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
65,537 16
Number of s a m e ,.....................................................................................739
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
39,209 34
Number of s a m e ,..................................................................................... 486
Date of examination by commissioner: April 18.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
148
C O U N T Y S A V IN G S B A N K — C H E L SE A .
Incorporated Feb. 27, 1890.
Present number of corporators, 57.
A l b e r t D. B osson , President.
G e o r g e T. R o b e r t s , Treasurer.
V e r n o n A . F i e l d , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
A l b e r t D. B osson ,
W i l l i a m S. H i x o n ,
M il t o n R a y ,
John M u l l o y ,
J o h n H . C u n n in g h a m ,
G e o r g e W . M o se s .
Open for business every business day, 8 a .m . to 1 p . m . ; also Mondays, Wednesdays and
Thursdays, 5 to 8 p . m . ; Saturdays, 5 to 9 p . m .
B ala n c e Sh e e t O c t . 31,1901.
L ia b ilit 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 oh personal security,
Deposits in banks, on interest, .
Expense account,
Premium account,
Furniture and fixtures,
Cash on hand, .
.
.
.
$32,300 00
32,900 00
6,350 00
57,593 75
5,000 00
3,397 54
563,131 96
146,435 00
24,359 83
268 98
5,572 50
800 00
514 03
$878,623 59
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$846,525 85
16,500 00
356 16
15,241 58
$878,623 59
Cash on Deposit in Banks, amount in each: —
First Ward National Bank, B o sto n ,............................................................ $11,150 89
Winnisimmet National Bank, C h e l s e a ,...................................................
13,208 94
Loans on Bank Stock, amount on each : —
40 shares Winnisimmet National Bank, C h e l s e a ,............................................$3,000
10 shares Baxter National Bank, Rutland, V t .,...........................................
750
15 shares Winnisimmet National Bank, C h e l s e a , ..............................
500
12 shares State National Bank, B o s t o n , ...................................................
1,100
12 shares State National Bank, B o s t o n , ...................................................
1,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
00
No. 8.]
SAVINGS BANK COMMISSIONERS.
149
County Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3s,
City of Brockton, Mass., 4s,
of Cambridge, Mass., 3£s,
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
3.000
2.000
1,500
800
$20,100
4,440
1,010
3,030
2,170
1,563
1,008
$32,300
$33,321 74
00
00
00
00
00
74
00
Amount Invested,
$20,000
4.000
1.000
3.000
2.000
1,500
800
00
00
00
00
00
00
00
$32,300 00
No. of
Shares.
Detailed Statement of Bank Stocks.
5 Blackstone N’l B’k, Boston,
20 Boylston N’l B’k, Boston,
21 Columbian N’l B’k, Boston, .
25 Faneuil Hall N’l B’k, Boston,
10 First Nat’l Bank, Boston,
25 First Ward N’l B’k, Boston,
3 Freemans N’l B’k, Boston, .
25 Mt. Vernon N’l B’k, Boston,
6 Nat’l Eagle Bank, Boston, .
25 Nat’l Hamilton B’k, Boston,
17 Nat’l Hide & Leather Bank,
Boston,
.
.
.
.
4 Nat’l Revere Bank, Boston,.
7 Nat’l Union Bank, Boston, .
25 Nat’l Webster Bank, Boston,
3 New England Nat’l Bank,
Boston,
.
.
.
.
30 Old Boston N’l B’k, Boston,
6 Second Nat’l Bank, Boston,.
25 State Nat’l Bank, Boston,
22 Third Nat’l Bank, Boston, .
25 Washington N’l B’k, Boston,
25 W innisimmet N ational Bank,
Chelsea, .
.
.
.
6 Dedham N’l Bank, Dedham,
5 First N’l B’k, Newburyport,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
$115
2,000
10
2,500
1,000
2,500
300
2,500
12
2,500
00
00
50
00
00
00
00
00
00
00
$25
2,100
21
3,250
1,750
4,000
303
2,425
18
2,500
00
00
00
00
00
00
00
00
00
00
1,700
76
700
2,500
00
00
00
00
2,108
12
1,057
2,600
00
00
00
00
700 00
2,500 00
300
3,000
600
2,500
2,200
2,500
00
00
00
00
00
00
432
2,970
1,080
2,775
2,332
2,775
00
00
00
00
00
00
300
3,000
600
2,500
2,200
2,500
$2,000 00
_
2,500
1,000
2,500
300
2,500
00
00
00
00
00
__
2,500 00
1,700 00
_
00
00
00
00
00
00
2,500 00
600 00
500 00
2,500 00
630 00
625 00
2,500 00
600 00
500 00
$33,113 50
$38,288 00
$32,900 00
150
REPORT OF THE
[Pub. Doc.
County Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Chic., Burlington & Quincy R.R. 3ès,
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¿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
500
6,000
5,000
10,000
5,000
$3,300
1,020
505
6,540
5,550
9,100
5,125
00
00
00
00
00
00
00
$3,000
1,000
500
6,000
5,000
.9,093
5,000
00
00
00
00
00
75
00
5,000
1,000
500
500
1,000
5,875
1,050
547
570
1,080
00
00
50
00
00
5,000
1,000
500
500
1,000
00
00
00
00
00
5,000
5,250 00
5,000 00
, 5,000
5,000
5,000
5,800 00
5,550 00
5,400 00
5,000 00
5,000 00
5,000 00
$58,500
$62,262 50
$57,593 75
B o s to n T e r m in a l C o m p a n y B o n d s .
A
Par Value.
Boston Terminal Company 3£s,
$5,000
Estimated
Market Value.
Amount Invested.
$5,800 00
$5,000 00
T ota l A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In terest.
Amount.
$24,359 83
10,000 00
73,600 00
Rate.
2 per cent.
41
“
“
Amount.
$30,000 00
113,500 00
38,440 00
Rate.
Amount.
41 per cent.
5
5è
“
$448,376 96
2,000 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, 364
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ........................................... 371
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
6 per cent.
7
$3,397 54
2,300 00
453,566 96
No. 8.]
SAYINGS BANK COMMISSIONERS.
151
County Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ........................................................... $42,441 37
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.,
$13,422 67 )
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
14,872 67 ■>
’
Number of accounts openedduring the year ending Oct. 31, 1901,
. 714
Number of accounts closed duringthe year ending Oct. 31,1901,
. 352
Total number of open accounts Oct. 31, 1901,
.
.
.
.
3,020
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
4,469 70
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
322,712 56
Number of s a m e ,.....................................................................5,616
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
206,284 59
Number of s a m e ,.....................................................................3,440
Date of examination by commissioner: February 11.
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Federal Reserve Bank of St. Louis
/
[Pub. Doc
REPORT OF THE
152
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. R is t , President.
D. P. A b e r c r o m b ie , Treasure)'.
W . H. P. G il m o r e , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
G . L. B is t ,
Ja m e s A . G u n n ,
E. L . G o d d a r 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 ct . 31,1901.
L ia b ilit ie s .
A ssets .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Bailroad bonds, as per schedule,
Boston Terminal Co. bonds,
Beal estate (for banking purp o s e s ) ,..................................
Beal 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,
Premium account,
Beal estate,..................................
Cash on hand, .
.
.
.
$83,500
14,350
4,900
121,000
20,000
00
00
00
00
00
31,000
10,436
742,463
166,478
00
80
78
67
8,900
850
9,558
5,011
527
300
1,637
00
00
46
15
75
00
62
$1,220,914 23
Deposits, .
Guaranty fund,
Profit and loss account, .
$1,171,844 83
43,500 00
5,569 40
$1,220,914 23
Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston, .
Crocker National Bank, Turner’s Falls,
$6,458 46
8,111 15
Loans on Bank Stock, amount on each: —
40 shares Packard National Bank, Greenfield, .
9 shares Crocker National Bank, Turner’s Falls,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 1,000 00
900 00
No. 8.]
158
SAYINGS BANK COMMISSIONERS
Crocker Institution for Savings — Continued.
D eta iled S ta tem en t o f P u b lic F ie n d s.
Par Value.
Massachusetts 34s, .
.
.
.
City of Bangor, Me., 6s, .
of Boston, Mass., 5s,
of Cambridge, Mass., 4s, .
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Fort Wayne, Ind., 44s,
of Lewiston, Me., 4s,
of Lynn, Mass., 5s, .
of Meriden, Conn., 4s,
of Milwaukee, Wis., 5s, .
of Salem, Mass , 5s, .
of Somerville, Mass., 44s,
of Springfield, Mass., 4s, .
of St. Louis, Mo., 6s,
Town of Turner’s Falls, Mass. (Fire
District), 4s,
Estimated
Market Value.
$20,000
2,500
4,000
10,000
1,000
3,000
4,000
5,000
2,000
5,000
5,000
7,000
2,000
5,000
5,000
$21,950
2,750
4,330
10,675
1,070
3,080
4,460
5,625
2,100
5,075
5,725
7,315
2,070
5,675
5,425
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$20,000
2,500
4,000
10,000
1,000
3,000
4,000
5,000
2,000
5,000
5,000
7,000
2,000
5,000
5,000
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
3,000
3,150 00
3,000 00
$83,500
$90,475 00
$83,500 00
* A legal investment when made.
No. of
Shares.
D eta iled S ta tem en t o f B a n k Stock s.
10
10
6
5
40
75
Par Value.
Central National Bank, Boston,
N’l Bank of Commerce, Boston,
Nat’l Webster Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Conway Nat’l Bank, Conway,
Crocker N’l B’k, Turner’s Falls,
$1,000
1,000
600
250
4,000
7,500
$14,350
Estimated
Market Value.
$1,180
1,260
624
50
4,000
10,500
00
00
00
00
00
00
$17,614 00
Amount Invested.
$1,000
1,000
600
250
4,000
7,500
00
00
00
00
00
00
$14,350 00
D eta iled S ta tem en t o f R a ilr o a d B o n d s.
Estimated
Par Value.
Boston, Concord & Montreal R.R. 4s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 34s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
13,000
Market Value.
$10,950 00
10,950 00
13,520 00
Amount Invested.
$10,000 00
10,000 00
13,000 00
[Pub. Doc.
REPORT OF THE
154
Crocker Institution for Savings — Continued.
Detailed Statement of Railroad Bonds — Concluded.
Par Value.
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
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, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
$2,000
12,000
5.000
5.000
11,000
5.000
5.000
9.000
13.000
16.000
5.000
$121,000
Estimated
Market Value.
$2,280
13,380
5,575
5,125
11,110
5,500
5,360
9,950
14,750
16,280
5,600
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
$2,000
12,000
5.000
5.000
11,000
5.000
5.000
9.000
13.000
16.000
5.000
00
00
00
00
00
00
00
00
00
00
00
$130,330 00 $121,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$20,000
Estimated
Market Value.
$23,200 00
Amount Invested.
$20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amonnt.
$9,558 46
6,800 00
2 per cent.
4
“
Amount.
Rate.
Amount.
Kate.
$218,000 00
35,000 00
4£ per cent.
4f
«
$663,792 45
5 per cent.
Amount invested in real estate for banking purposes,.................................. $31,000 00
Estimated value of the same,.............................................................................
31,000
Assessed value of the s a m e ,.............................................................................
22,400
Net income received from same during year ending Oct. 31, 1901,
.
.
819
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
10,736
Assessed value of the s a m e ,.............................................................................
700
Number of loans which are of an amount not exceeding $3,000 each, 407
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................392
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
56
80
00
No. 8.]
SAVINGS BANK COMMISSIONERS.
155
Crocker Institution for Savings — Concluded.
Amount of investments from which no income is received, .
.
.
.
$300 00
Gross amount of interest or profits received or earned, as per hooks,
during year ending Oct. 31, 1901....................................................................
52,141 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-annualdividend f 2 per cent.,
$21,657 14 | ^ QQg2 g
during the year ending Oct.31,1901,.
.
I 2 per cent.,
22,351 14 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 469
Number of accounts closed during the year ending Oct. 31, 1901,
. 300
Total number of open accounts Oct. 31,1901,
.
.
.
.
3,015
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... 3,471 50
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
195,726 96
Number of s a m e ,.....................................................................................2,614
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
173,469 87
Number of s a m e ,..................................................................................... 1,583
Date of examination by commissioner: March 26.
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Federal Reserve Bank of St. Louis
156
REPORT OF THE
[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 u g u stu s M u d g e , President.
A l b io n F . W
A l b io n F . W
elch,
Treasurer.
elch,
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
C h a r l e s H . W h it e ,
H e r b e r t S. T a p l e y ,
C h a r l e s N. P e r l e y ,
J. F r a n k P o r t e r ,
Ch ar les H . P resto n.
Open for business every business day except Saturdays, 8
Saturdays, 8 a .m . to 12 m .
B alance
Sh eet
Oct.
a .m .
to 12 m . ; 1 to 3 p . m .-,,
31, 1901.
A ssets .
L iab ilit ie s .
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 tes),..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Tax account,
.
.
.
.
Milwaukee Mfg. Co. stock,*
Notes receivable,*
Cash on hand, .
.
.
.
$104,236
27,350
270,000
50.000
85.000
52,653
496,273
603,550
75
00
00
00
00
13
00
00
57.000
104,265
2,000
191
3,407
4,922
4,216
3,823
00
93
00
66
27
25
84
79
Deposits, .
Guaranty fund,
Interest account,
Earnings undivided,
$1,868,890 62
$1,760,060
87,000
5,559
16,270
71
00
68
23
$1,868,890 62
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
Faneuil Hall National Bank, Boston,........................................................... $100,310 86
First National Bank, D an v ers,....................................................................
5,955 07
Loans on Bank Stock, amount on each: —
6 shares Salem National Bank, S a le m ,................................................... ^
16 shares First National Bank, Danvers..................................................... I
3 shares Naumkeag National Bank, S a le m ,........................................... J
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,750 00’
No. 8.]
157
SAYINGS BANK COMMISSIONERS.
Danvers Savings Bank — Continued.
100 shares Traders National Bank, Lowell,
60’shares Mercantile Trust Company, Boston, .
50 shares Malden Trust Company, Malden,
■58 shares Massachusetts National Bank, Boston,
$
’
I
10,000 00
11,000 00
4,600 00
Loan on Railroad Bonds : —
$25,000 Boston & Maine R.R. 4£s,
.
.
30,000 Cleveland & Pittsburgh R.R. 3is, .
.
'I
$50,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
35
34
20
50
60
65
70
95
50
40
10
25
131
125
75
20
10
270
7
5
25
Par Value.
Atlas National B’k, Boston,
Blackstone N’l Bank, Boston,
Hancock Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston,
Merchants N’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of Redemption, Boston,
N’l Exchange Bank, Boston,
N’l Shawnmt Bank, Boston,
State National Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston,
Washington N’l B’k, Boston,
First National B’k, Danvers,
First N’l B’k, New Bedford,
National Bank of Commerce,
New Bedford, .
Warren Nat’l B'k, Peabody,
Rockport N’l B’k, Rockport,
Asiatic Nat’l Bank, Salem, .
First National Bank, Salem,
Naumkeag Nat’l B’k, Salem,
Salem National B’k, Salem,
Estimated
Market Value.
Amount Invested.
$5,000
805
3,400
200
5,000
6,000
00
00
00
00
00
00
$5,350
175
170
60
8,750
7,560
00
00
00
00
00
00
$5,675
805
745
300
6,475
6,000
00
00
00
00
00
00
6,500
7,000
9,500
5,000
4,000
500
2,500
9,825
12,500
00
00
00
00
00
00
00
00
00
8,125
9,800
19,000
5,550
4,240
100
2,775
8,515
15,625
00
00
00
00
00
00
00
00
00
7,901
7,097
14,250
5,356
4,000
500
2,500
10,197
14,947
25
50
00
25
00
00
00
00
25
862
2,000
1,000
8,100
700
500
2,500
50
00
00
00
00
00
00
150
2,105
920
7,560
420
625
1,250
00
00
00
00
00
00
00
2,325
2,000
1,000
8,100
700
500
2,862
00
00
00
00
00
00
50
$93,392 50 $108,825 00. $104,236 75
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R, 5 s,.
Chic., Burlington & Quincy R.R 3ès,
Chic., Burlington & Quincy R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$35,000
20,000
5,000
25,000
Estimated
Market Value.
$40,250
21,200
5,100
27,375
00
00
00
00
Amount Invested.
$35,000
20,000
5,000
25,000
00
00
00
00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
159
Danvers Savings Bank — Concluded.
Rate and amount of eachsemi-annual dividend J2 per cent., $32,612 68 |
$66,057 47
during the year ending Oct. 31,1901,.
.
i 2 per cent.,
33,444 79 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 416
Number of accounts closed during the year ending Oct. 31, 1901,
. 279
Total number of open accounts Oct. 31, 1901,
.
.
.
.
4,599
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
3,597 48
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
226,168 30
Number of s a m e ,.....................................................................................2,631
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901..................................................................................................
208,019 93
Number of s a m e ,..................................................................................... 2,654
Date of examination by commissioner : January 7.
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Federal Reserve Bank of St. Louis
160
[Pub. Doc.
REPORT OF THE
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, 89.
A ugu stu s B . E n d ic o t t , President.
A l f r e d H e w i n s , Treasurer.
A l f r e d H e w i n s , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
A u g u stu s B . E n d ic o t t ,
W in s l o w W a r r e n ,
C l if t o n P. B a k e r ,
D on G l e a so n H i l l ,
H o w a r d Co lb u r n .
Open for business every business day except Saturdays, 9 a . m . to 12.30 f .m . ; 2 to 4 p . m . ;
Saturdays, 9 a .m . to 12 m .
Balance
Sheet
O ct.
L ia b ilit ies .
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 tes),..................................
Deposits in bank, on interest, .
Deposits in bank, not on interest,
31,1901.
$893,000
56,250
500
774,000
00
00
00
00
35,000
4,352
574,200
1,147,500
00
84
00
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$3,365,359 96
162,829 99
100,003 74
65,300 00
76,090 85
2,000 00
$3,628,193 69
$3,628,193 69
Cash on Deposit in Bank: —
Dedham National Bank, D e d h a m ,............................................................$78,090 85
Loan on Bank Stock: —
10 shares Dedham National Bank, Dedham,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
161
SAYINGS BANK COMMISSIONERS
Dedham Institution for Savings — Continued.
Detailed Statement o f Publie Funds.
Par Value.
City of Akron, Ohio, os, .
of Bangor, Me., 6s, .
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Bridgeport, Conn., 4 s,.
of Cambridge, Mass., 6s,.
of Cleveland, Ohio, os,
of Dayton, Ohio, o 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 is ,.
of Lynn, Mass., 4s, .
of Manchester, N. H., 4s,.
of Manchester, N. H , 4£s,
of Milwaukee, Wis., 5s, .
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. II., 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
$11,000
18,000
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
50,000
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.
$11,495
19,575
106,000
10,350
42,560
10,650
44,177
28,250
27,250
37,325
2,130
42,370
10,350
13,560
28,250
56,915
15,120
16,800
51,250
52,550
17,440
18,105
20,880
28,000
54,960
20,750
28,840
2,180
46,100
11,850
4,280
27,500
22,100
21,900
28,000
00
00
00
00
00
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
Amount Invested.
$11,000
18,000
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
50,000
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
$893,000 $979,812 50 $893,000 00
A legal investment when made.
REPORT OF THE
162
[Pub. Doc.
Dedham Institution for Savings — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
50
75
40
25
56
60
50
25
150
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
N’l Bank of Commerce, Boston,
Nat’l Shawmut Bank, Boston, .
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Peoples National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Dedham Nat’l Bank, Dedham,
$10,000
1,150
7,500
4,000
2,500
5,600
6,000
-
2,500
15,000
$54,250
Estimated
Market Value.
$10,700
250
9,450
8,000
3,775
5,824
6,900
50
2,775
15,900
00
00
00
00
00
00
00
00
00
00
$63,624 00
Amount Invested.
$10,000
1,150
7,500
6,000
2,500
5,600
6,000
00
00
00
00
00
00
00
2.500 00
15,000 00
$56,250 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 4s,
Boston & Albany R.R. 5s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4£s,
Boston & Maine R.R. 4és,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Boston, Winthrop & Shore R.R. 5s, .
Eastern R.R, 6s,
. . .
Fitchburg R.R. 4s, .
Maine Central R.R. 4és, .
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. 4s, .
Old Colony R.R. 4ès,
Portsmouth, Great Falls & Conway
R.R. 4 è s , ..................................
Vermont & Massachusetts R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
80,000
Estimated
Market Value.
Amount Invested.
$26,750 00
80,200 00
$25,000 00
80,000 00
35,000
20,000
5,000
45,000
39,200
22,600
5,050
56,700
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
29,000
29,680
66,900
90,025
3,285
14,300
38,500
26,875
28,665
00
00
00
00
00
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
27,000
25,000
58,000
33,300
30,585
25,625
00
00
00
00
50,000
30,000
27,000
25,000
00
00
00
00
15,000
119,000
$774,000
18,450 00
121,380 00
15,000 00
119,000 00
$845,070 00 $774,000 00
* A legal investment when made.
No. 8.]
SAYINGS BANK COMMISSIONERS
163
Dedham Institution for Savings — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$76,090 85
125.000 00
343.000 00
Rate.
2 per cent.
3i
“
3f
Amount.
$50,000 00
411,300 00
282,000 00
Rate.
3J per cent.
4
“
4|
«
Amount.
$21,000 00
312,800 00
242,400 00
Rate.
4£ per cent.
5
6
»
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the same................................................................................
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
Assessed value of the sa m e ,............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 368
Aggregate amount of the s a m e ,....................................................................
Total number of loans upon real e s t a t e , ...........................................399
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 1 , ............................................................
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 ofeach semi-annualdividend ( 2 per cent.,
$62,137 70 )
during the year ending Oct. 31, 1901, .
.
1 2 per cent.,
63,518 63i
Number of accounts opened during the year ending Oct. 31, 1901, . 999
Number of accounts closed during the year ending Oct. 31, 1901,
. 592
Total number of open accounts Oct. 31, 1901,
.
.
.
.
8,595
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
...........................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................................... 6,418
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,..................................................................................... 5,113
Date of examination by commissioner: March 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/
$35,000
50,000
61,200
799
00
00
00
27
4.352 84
5,400 00
390,500 00
4.352 84
157,961 93
125,656 33
6,883 86
438,662 36
428,821 39
[Pub. Doc
REPOET OF THE
164
DORCH ESTER S A V IN G S B A N K — D O RCH ESTER.
Incorporated April 16, 1894.
F r e d e r ic k
L.
W alker,
Present number of corporators, 35.
President.
H e n r y S. M a c P h e r s o n ,
G e o r g e T. S e a r s , Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
A lbert
G eorge
H.
T.
W.
Stear n s,
H erbert
Se a r s,
H e n r y G . A l l b r ig h t ,
B urke,
G eorge B . P h ip p e n .
Open for business every business day except Saturdays, 2 to 7 p . m . ;
Saturdays, 2 to 9 p . m .
Balance
Sheet
O ct.
31,1901.
L ia b ilit ie s .
A ssets .
Public funds, as per schedule, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans to counties, cities or towns
(notes), ..................................
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand...............................
$4,932
44,331
5,818
139,925
24
25
75
00
5,000
7,830
42
1,307
318
00
73
67
48
19
Deposits, .
Guaranty fund,
Interest account,
Collection account, .
$209,506 31
$208,177 46
1,167 77
160 68
40
$209,506 31
Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston,.................................................................... $5,735 63
Winthrop National Bank, B o s t o n , ............................................................
2,095 10
Detailed Statement o f Public Funds.
Par Value.
City of Quincy, Mass., 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,800
Estimated
Market Value.
$4,932 24
Amount Invested.
$4,932 24
No. 8.]
SAYINGS BANK COMMISSIONERS.
165
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. 3£s,
Conn. & Passumpsic Rivers R.R. 4s,
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3^s,.
Grafton & Upton R.R. 4s,
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
5,000
10,000
3,000
4,000
1,000
2,000
Estimated
Market Value.
$2,910
5,100
3,090
1,150
3,330
1,120
4,550
10,200
3,030
4,240
1,140
2,160
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$2,880
5,068
3,108
1,175
3,195
1,075
4,550
10,195
3,077
4,168
1,152
2,215
00
75
75
00
00
00
00
00
50
75
50
00
2,000
2,480 00
2,470 00
$43,000
$44,500 00
$44,331 25
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$5,000
Estimated
Market Value.
$5,800 00
Amount Invested.
$5,818 75
Total Amount of Loans, with Each Specified Rate of Interest.
Amount.
$ 7 ,8 3 0 73
1 2 3 ,9 2 5 00
Rate.
2
5
p e r cen t.
Amount.
$ 7 ,9 0 0 00
Rate.
54 p e r cen t.
Amount.
$ 8 ,1 0 0 00
Rate.
6 p e r cen t.
Number of loans which are of an amount not exceeding $3,000 each,
26
Aggregate amount of the s a m e , .................................................................... $48,950 00
Total number of loans upon real e s t a t e , ........................................... 45
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1901....................................................................
7,140 77
Times for the dividends fixed by the by-laws : second Wednesday in April
and October ; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
166
REPORT OF THE
[Pub. Doc
Dorchester Savings Bank — Concluded.
Rate and amount of each semi-annualdividend f
per cent., $2,116 77 1
$4,926 40
during the year ending Oct. 31, 1901,.
.
I 1| per cent.,
2,809 63 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 808
Number of accounts closed during the year ending Oct. 31, 1901,
. 288
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,588
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
1,123 68
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
129,239 34
ending Oct. 3 1 ,1 9 0 1 ,.....................................................................................
Number of same, ......................................................................................5,168
Amount of withdrawals, including dividends, during the year ending
81,614 83
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,..................................................................................... 2,270
Date of examination by commissioner: March 8.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/
No.
167
SAYINGS BANK COMMISSIONERS
8 .]
t
EAST BOSTON" S A V IN G S B A N K — EA ST BOSTON.
Incorporated April 26, 1848.
Present number of corporators, 25.
W i l l i a m B. P ig e o n , Treasurer.
G eo r g e T. S a m p so n , President.
W il l i a m B. P ig e o n , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
W i l l i a m B. P ig e o n ,
R efu s C ush m an,
John T h o m pson ,
E be n M . M cP h e r so n ,
A. R. H o o p e r .
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 alan ce S h eet O c t . 31, 1901.
L ia b ilit 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 (for banking purposes), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Consolidated R.R. of Vermont
b o n d s ,* ..................................
Bank liquidation account,.
Cash on hand...............................
$615,000
206,161
800
613,000
00
00
00
00
10,000
6,895
2,035,341
259,300
87,916
3,653
00
65
00
00
80
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$3,587,320 34
176,206 54
33,715 42
75,132 15
25,545 27
928 12
7,833 61
$3,872,374 45
$3,872,374 45
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
First Ward National Bank, East Boston,
First National Bank, Boston,
Loan on Bank Stock : —
8 shares First Ward National Bank, East Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$64,303 55
23,613 25
.
.
.
.
.
.
$800 00
[Pub. Doc
REPORT OF THE
168
East Boston Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Par Value.
District of Columbia 7s, .
County of Aroostook, Me., 4ès,
City of Bangor, Me., 6s, .
of Boston, Mass., 5s,
of Cambridge, Mass., 6s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5 s ,.
of Detroit, Mich., 6s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 4Js,.
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,, 4ès,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 7s,
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, 4ès,.
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
5,000
10,000
10,000
42,000
28,000
5,000
20,000
21,000
17,000
32,000
25,000
50,000
$1,055
27,750
7,630
86,200
8,520
4,360
40,840
11,150
28,875
16,575
9,945
8,695
2,090
14,500
10,400
22,200
5,575
22,600
58,937
5,050
11,350
10,900
48,300
30,100
5,100
20,800
23,575
19,875
34,720
27,000
52,500
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
00
00
00
00
Amount Invested.
$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
5,000
10,000
10,000
42,000
28,000
5,000
20,000
21,000
17,000
32,000
25,000
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*
$615,000 $677,167 50 $615,000 00
* Legal investments when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
100
50
40
60
50
20
115
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boylston Nat’ l Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Commercial N’l Bank, Boston,
Eliot National Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
5,000
920
6,000
5,000
2,000
11,500
Estimated
Market Value.
$12,200
5,350
200
6,300
7,500
2,660
17,250
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.
150
162
50
4
50
50
170
12
40
100
50
66
300
6
10
25
30
75
100
70
25
Par Value.
First Ward N’l Bank, Boston,.
Freemans Nat’l Bank, Boston,.
Manufacturers N’l B’k, Boston,
Mechanics N’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,.
National Bank of the Commonwealth, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Old Boston N’l Bank, Boston, .
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Estimated
Market Value.
400
5,000
5,000
17,000
$24,000
16,362
150
464
8,750
4,850
21,420
00
00
00
00
00
00
00
1,200
4,000
10,000
5,000
6,600
30,000
600
1,000
2,500
3,000
7,500
10,000
7,000
1,250
2,352
5,000
15,100
7,000
8,184
60,000
624
1,440
2,475
5,400
11,250
11,100
8,050
250
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$15,000
16,200
—
$188,670 $265,681 00
Amount Invested.
$15,000 00
16,200 00
-
400
5,000
5,000
17,000
00
00
00
00
1,200
4,000
10,000
5,000
6,600
45,000
591
1,000
2,500
3,000
7.500
10,000
7,000
1,250
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$206,161 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 5 s ,.
Chicago & Northwestern R.R. 7s, .
Cleveland & Pittsburgh R.R. 3ès, .
Eastern R.R, 6s,
. . .
Fitchburg R.R. 5s, .
Housatonic R.R. 5s, .
Maine Centi*al R.R. 4s,
Maine Central R.R. 4ès, .
Maine Central 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 è s , ..................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$60,000
70,000
75,000
38,000
9,000
25,000
10,000
25,000
20,000
6,000
12,000
40,000
8,000
50,000
Estimated
Market Value.
$60,300
78,400
94,875
43,320
12,510
26,000
11,200
26,625
26,600
6,330
13,200
53,000
8,580
55,250
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$60,000
70,000
75,000
38,000
9,000
25,000
10,000
25,000
20,000
6,000
12,000
40,000
8,000
50,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50,000
52,600 00
50,000 00
10,000
11,650 00
10,000 00
170
[Pub. Doc
REPORT OF THE
East Boston Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Old Colony R.R 4 s,.
Portland & Ogdensburg R.R. 5s,
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ...................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Estimated
Market Value.
Amount Invested.
$50,000
25,000
$55,750 00
27,250 00
$50,000 00
25,000 00
5,000
6,150 00
5,000 00
25,000
33,000 00
25,000 U0
$613,000 $702,490 00
$613,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$87,916 80
100,000 00
75,000 00
Rate.
2 per cent.
4
“
4i
“
Amount.
Rate.
$211,810 00
35,000 00
1,598,626 00
4£ per cent.
4|
“
5
«
Amount.
$10,500 00
175,535 00
88,970 00
Rate.
54 per cent.
5è “
6
Amount invested in real estate for banking purposes,
.
.
.
.
$ 10,000 00
Estimated value of the s a m e , ....................................................................
20,000 00
Assessed value of the s a m e ,.............................................................................
20,000 00
Net income received from same during year ending Oct. 31, 1901,
564 05
Value, by books, of other real estate, held or owned by foreclosure or
otherwise............................................................................................................
6,500 00
Assessed value of the same.................................................................................
7,300 00
Number of loans which are of an amount not exceeding $3,000 each, 708
Aggregate amount of the s a m e , .................................................................... 1,090,931 00
Total number of loans upon real e s t a t e , ........................................... 860
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
185,868 67
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., $64,922 27
I 131,355 41
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
66,433 14
Number of accounts opened during the year ending Oct. 31, 1901,
1,703
Number of accounts closed during the year ending Oct. 31, 1901,
1,192
Total number of open accounts Oct. 31, 1901,
.
.
.
.
12,946
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),..............................................................................................
11,104 77
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
739,421 00
Number of s a m e ,.............................................................................16,006
Amount of withdrawals, including dividends, during the year ending
742,898 03
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,.............................................................................12,864
Date of examination by commissioner: March 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS 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 W A T E R .
Incorporated March 8, 1870. Present number of corporators, 43.
G eorge M . K e it h ,
President.
C h a r l e s F . M a n n , Treasurer.
F. M a n n , Clerk of the Corporation.
Charles
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 u t t e r .
Open for business every business day except Wednesdays, 9 a . m to 12 m . ; 2 to 4 p . m . ;
also Wednesdays and Saturdays, 6.30 to 8 p . m .
B alance
Sh eet
Oct.
31, 1901.
A ssets .
L ia b ilit 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), ..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o tes),..................................
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, . . . .
$40,400 00
43,850 00
200 00
86,000 00
26,485 00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$937,609 33
43,800 00
16,044 39
5,414 52
190 98
10,000 00
564,208 84
195,374 84
2,000 00
450 00
28,526 68
834 50
291
2,700
379
1,358
17
00
59
60
$1,003,059 22
$1,003,059 22
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Fourth National Bank, Boston,.................................................................... $26,427 02
Plymouth County Safe Deposit and Trust Company, Brockton,
.
.
2,099 66
Loan on Bank Stock: —
5
shares Brockton National Bank, B r o c k to n ,.......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$200 00
172
REPORT OF THE
[Pub. Doc
East Bridgewater Savings Bank — Contiuued.
Detailed Statement o f Public Funds.
Par Value.
$5,000
5,000
5,000
10,000
5,000
5,000
5,400
City of Des Moines, Iowa, 4s, .
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4s,
of Taunton, Mass., 4s,
Town of Westfield, Mass,, 5s, .
•
$40,400
Estimated
Market Value.
$5,350
5,125
5,200
10,450
5,362
5,175
5,751
00
00
00
00
50
00
00
$42,413 50
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
Shares.
Detailed Statement o f Bank Stocks.
75
15
40
50
20
25
25
15
27
20
22
15
25
25
12
50
40
25
20
Par Value.
Fourth National Bank, Boston,
Freemans Nat’l Bank, Boston.
Manufacturers N’l B’k, Boston,
Massachusetts Loan & Trust
Company, Boston,
National Bank of the Com
monwealth, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
State Street Trust Co., Boston,
Third National Bank, Boston,.
Tremont National B’k, Boston,
Winthrop Nat’l Bank, Boston,
Brockton Nat’l Bank, Brockton,
Home National B’k, Brockton,
Plymouth County Safe Deposit
& Trust Company, Brockton,
First N’l Bank, West Newton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7,500
1,500
Estimated
Market Value.
Amount Invested.
$9,375 00
1,515 00
120 00
$7,500 00
1,500 00
5,000
5,250 00
5,000 00
2,000
2,500
00
00
00
00
00
00
00
00
00
00
00
00
00
2,000 00
2,500 00
2,200
1,500
2,500
1,250
1,200
5,000
4,000
3,920
3,125
125
1,860
2,808
20
2,442
2,400
2,650
250
1,920
5,900
7,000
2,500
2,000
2,500 00
2,000 00
2,500 00
2,000 00
$44,850
$55,180 00
$43,850 00
-
-
1,500
2,700
-
-
-
1,500 00
2,700 00
-
2,200
1,500
2,500
250
1,200
5,000
4,000
00
00
00
00
00
00
00
No. 8.]
SAYINGS BANK COMMISSIONERS.
173
East Bridgewater Savings Bank — Continued.
Detailed Statement o f Bailroad Bonds.
Par Value.
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 3ès,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Illinois Central R.R. 3£s, .
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 5 s ,.
Estimated
Market Value.
$5,000
15.000
5.000
6.000
15.000
5.000
15.000
10.000
5.000
5.000
$86,000
$5,287
15,300
5.600
6,555
15,075
5.600
16,725
10,850
5,000
5,100
Amount Invested.
50
00
00
00
00
00
00
00
00
00
$91,092 50
$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
$86,000 00
* A legal investment when made.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 8ès,
$25,000
Estimated
Market Value.
$29,000 00
Amount Invested.
$26,485 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$2,000 00
2,099 66
26,427 02
Kate.
0 per cent.
2
“
2h
“
Amount.
$62,000 00
101,500 00
26,100 00
Kate.
4 per cent.
4h
“
4|
Amount.
Rate.
$390,720 86
9,400 00
170,512 82
5 per cent.
5¿
6
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the same................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 293
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................337
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 1 , ............................................................
Times for the dividends fixed by the by-laws: first Tuesday in January
and July; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 10,000 00
10,000 00
8,400 00
249,067 82
2,250 00
47,434 45
174
REPORT OF THE
[Pub. Doc
East Bridgewater Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 1| per cent., $ 15,720 82 1
during the year ending Oct. 31,1901,
.
1 2 per cent.,
17,964 22 i
Number of accounts opened during the year ending Oct. 31, 1901,
. 189
Number of accounts closed during the year ending Oct. 31, 1901,
. 184
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,369
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
2,84657
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
109,917 40
Number of s a m e ,.............................................................................1,378
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
138,697 53
Number of s a m e ,.............................................................................1,511
Date of examination by commissioner: March 18.
v
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
175
E A S T C A M B R ID G E S A V IN G S B A N K — E A S T C A M B R ID G E .
Incorporated April 29, 1854.
Present number of corporators, 35.
J o h n C. B u l l a r d , President.
W il l i a m E. L l o y d , Treasurer.
W il l i a m E. L l o y d , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
J o h n C. B u l l a r d ,
G u stavu s G o e p p e r ,
D a v id P ro u d eo o t ,
B e n j a m in F . T h o m p s o n ,
W il l i a m G o e p p e r .
Open fo r business every business day except Saturdays, 9 a .m . to 1 p .m . ;
Saturdays, 9 a . m . to 12 m .
B alance
Sh eet
Oct.
31, 1901.
A ssets .
L iab ilit ies .
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,
Deposits in bank, on interest, .
Deposits in bank, not on interest,
Expense account,
Eastern Cold Storage Co. stock,*
East Cambridge Land Co.,*
Cash on h a n d ,..........................
$48,000
94,259
4,900
120,500
00
67
00
00
25,000
60,892
2,192,418
953,372
45,379
2,000
457
6,390
1
25,070
00
84
75
96
28
00
90
00
00
24
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$3,578,642 64
$3,296,955 89
167,489 75
1,749 38
112,447 62
$3,578,642 64
* Taken to secure indebtedness.
Cash on Deposit in Bank : —
Lechmere National Bank, East C a m b r i d g e ,...........................................$47,379 28*
Loan on Bank Stock : —
21 shares Framingham National Bank, South Framingham, . .
.]
5 shares Concord National Bank, C o n c o r d ,...........................................I
10 shares Lechmere National Bank, C a m b r id g e ,.................................. ¡8 shares First National Bank, Westborough,...........................................j
8 shares Merchants National Bank, B o s t o n ,...........................................J
* This deposit has since been reduced within the legal limit.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,900 00
[Pub. Doc,
REPORT OF THE
176
E ast C a m b rid g e Savings B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Cleveland, Ohio, 4s,
of Grand Rapids, Mich., 4^s, .
of Haverhill, Mass., 4s, .
of Lynn, Mass., 4s, .
.
Town of Webster, Mass., 4s, .
of Wellesley, Mass., 4s,
Estimated
Market Value.
$10,000
10,000
2,000
10,000
10,000
6,000
$10,025
10,875
2,000
11,150
11,175
6,435
00
00
00
00
00
00
$48,000
$51,660 00
Amount Invested.
$10,000
10,000
2,000
10,000
10,000
6,000
00*
00
00
00
00
00
$48,000 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
7
36
41
30
12
20
50
12
5
50
40
67
80
10
58
16
25
76
5
45
20
38
24
101
26
33
11
35
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l B’k, Boston,
Bunker Hill N’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
First Ward N’l Bank, Boston,.
Fourth National Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants N’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, 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,.
N’l Hide & Leather B’k, Boston,
National Union Bank, Boston,
Nat’ l Webster Bank, Boston, .
New England N’l B’k, Boston,
Tremont Nat’l B’k, Boston,
Charles River National Bank,
Cambridge.............................
Lechmere N’l B’k, Cambridge,
Nat’l City Bank, Cambridge, .
Concord *Nat’l Bank, Concord,
Fall River N’l B’k, Fall River,
First Nat’l Bank, Marlborough,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested
1,200
2,000
5,000
1,200
500
5,000
4,000
6,700
$749
180
7,790
150
1,800
2,600
8,000
1,500
560
8,750
4,000
8,442
00
00
00
00
00
00
00
00
00
00
00
00
$700 00
828 00
4,100 00
1,200 00
2,000 00
4,000 00
1,350 00
500 00
5,000 00
4.000 00
6,700 00
8,000
1,000
5,800
1,600
2,500
7,600
500
4,500
2,000
1,900
15,680
1,250
8,758
2,240
2,500
9,424
755
4,680
2,880
380
00
00
00
00
00
00
00
00
00
00
8,000
1,000
5,800
1,600
2,425
7,600
500
4,500
2,000
1,900
00
00
00
00
00
00
00
00
00
00
2,400
10,100
2,600
3,300
1,100
3,500
3,648
15,150
3,640
4,620
1,155
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
828
4,100
-
No. 8.]
SAYINGS BANK COMMISSIONERS.
177
East Cambridge Savings Bank — Continued.
No. of
Shares.
D eta iled S ta tem en t o f B a n k S tock s
30
13
20
Par Value.
Merchants National Bank,
Newbury port,
Newton Nat’l Bank, Newton, .
Middlesex County National
Bank, Winchester,
— Concluded.
Estimated
Market Value.
Amount Invested.
$600
1,300
$660 00
1,157 00
$600 00
1,300 00
2,000
2,000 00
1,900 00
$93,528 $129,298 00
$94,259 67
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Par Value.
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. U s ...........................................
$25,000
15,000
8,500
10,000
18,000
10,000
30,000
2,000
2,000
Estimated
Market Value.
$26,750
17,325
9,477
10,696
18,338
13,000
33,150
2,050
Amount Invested.
00
00
50
00
00
00
00
00
$25,000
15,000
8,500
10,000
18,000
10,000
30,000
2,000
00
00
00
00
00
00
00
00
2,460 00
2,000 00
$120,500 $133,246 50
$120,500 00
T otal A m o u n t o f L o a n s , w ith E a c h S p ecified ita le o f In terest.
Amount.
$45,379
97,422
333.500
139,900
Rate.
28
96
00
00
1¿ per cent.
3|
“
4
“
41
“
Amount.
$40,000
228,500
55.000
55.000
00
00
00
00
Rate.
Amount.
4§ per cent.
$1,911,774 82
216,420 31
73,173 62
4è
4ft
4|
“
“
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 ,....................................................................
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
5 per cent.
5è
l6
$25,000 00
25,000 00
18,700 00
60,892 84
63,810 00
REPORT OF THE
178
[Pub. Doc.
East Cambridge Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 773
Aggregate amount of the s a m e , ....................................................................$1,198,881 95
Total number of loans upon real e s t a t e , ...........................................965
Amount of investments from which no income is received, .
.
.
.
87,892 84
Gross amount of interest or profits received or earned, as per books,
169,387 47
during year ending Oct. 31, 1 9 0 1 , ...........................................................
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., $60,276 19 )
gl3 22
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
61,537 03 J
Number of accounts opened during the year ending Oct. 31, 1901,
1,487
Number of accounts closed during the year ending Oct. 31, 1901,
1,389
Total number of open accounts Oct. 31, 1901,
.
.
.
.
9,875
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
9,171 17
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
655,257 38
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,.............................................................................12,993
Amount of withdrawals, including dividends, during the year ending
670,171 09
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,.............................................................................9,130
Date of examination by commissioner: February 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
«
No. 8.]
SAYINGS BANK COMMISSIONERS
179
E A S T H A M P T O N S A V IN G S B A N K — E A S T H A M P T O N .
Incorporated Feb. 10, 1869.
C h a r l e s W . Sm it h ,
Present number of corporators, 30.
President.
Treasurer.
C h a r l e s H . Jo h n s o n ,
0 . G. W ebster,
Clerk of the Corporation.
Names of committee charged with the investment of its funds:
C h a r l e s W . Sm it h ,
G eorge
L.
M anchester,
J o s e p h W . W il s o n .
Open for business every business day except Saturdays, 9 a . m . to 3
9 a . m . to 12 M.
B alance
Sh eet
Oct.
.
; Saturdays
31, 1901.
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,
American Writing Paper Co.
bonds and stocks,* .
Vault, furniture and fixtures, .
Tax account,
. . .
.
Cash on hand...............................
p .m
L ia b ilit ie s .
$21,332
178,332
1,665
53,000
25,172
636,538
123,421
50
00
00
00
18
52
77
1,500
865
48,071
763
00
00
61
25
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,071,055 04
21,983 00
4,099 82
555 41
3.779 94
2 ,2 0 0 00
136 80
914 70
$1,097,693 27
$1,097,693 27
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
First National Bank, A d a m s , ....................................................................$5,000 00
First National Bank, Easthampton, ..............................................................8,07161
Agawam National Bank, Springfield,............................................................
15,000 00
Pynchon National Bank, Springfield,............................................................
10,000 00
Ware National Bank, W are,.............................................................................
10,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
180
REPORT OF THE
[Pub. Doc,
Easthampton Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
17
6
shares First National Bank, Eastham pton,....................................... $1,305 00
shares Agawam National Bank, Springfield,.......................................
360 00
D eta iled S ta tem en t o f P u b lic F u n d s .
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.
$9,900
3,382
4,140
3,052
1,560
00
50
00
50
00
$22,035 00
Amount Invested.
$9,832
3,000
4,000
3,000
1,500
50
00
00
00
00
$21,332 50
No. of
Shares.
D eta iled S ta tem en t o f B a n k Stock s.
100
14
7
50
25
100
100
44
20
58
60
60
111
100
50
100
59
89
130
50
50
Par Value.
First National Bank, Adams, .
Blackstone Nat’l Bank, Boston.
N’l B’k of Commerce, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
First Nat’l B’k, Easthampton,.
Franklin Co. National Bank,
Greenfield, .
.
.
.
First Nat’l Bank, Lynn, .
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,
Pittsfield Nat’l B’k, Pittsfield, .
Agawam N’l B’k, Springfield,
Chapin Nat’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.
Second N’l B’k, Springfield, .
Springfield N’l B’k,Springfield,
First Nat’l B'k, Westfield,
First Nat’l B’k, West Newton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
322
700
5,000
2,500
10,000
Estimated
Market Value.
$12,500
70
882
9,000
2,775
10,000
00
00
00
00
00
00
Amount Invested.
$12,500
70
700
8,850
2,775
10,000
00
00
00
00
00
00
10,000
4,400
10,200 00
4,840 00
10,200 00
4,840 00
2,000
2,000 00
2,000 00
5,800
6,000
6,000
11,100
10,000
5,000
10,000
11,600
9,180
6,000
12,765
15,000
7,100
10,500
00
00
00
00
00
00
00
12,175
10,100
6,000
12,765
16,750
7,100
12,622
00
00
00
00
00
00
00
5,900
8,900
13,000
5,000
5,000
5,900
11,570
24,700
6,500
5,250
00
00
7,465
13,570
16,350
6,500
5,000
00
00
00
00
00
00
00
00
$136,622 $178,332 00 $178,332 00
No. 8.]
181
SAYINGS BANK COMMISSIONERS.
Easthampton Savings Bank — Concluded.
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Estimated
Par Value.
Albany & Susquehanna R.R. 6s,
Chic., Burlington & Quincy R.R. 3¿s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s, .
Portland & Rumford Falls R.R. 4s,.
Market Value.
$10,000
10,000
10,000
20,000
3,000
$11,000
10,250
9,050
20,300
3,300
00
00
00
00
00
$53,000
$53,900 00
Amount Invested.
$11,000
10,000
9.000
20,000
3.000
00
00
00
00
00
$53,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$8,071 61
25.000 00
15.000 00
Rate.
3 per cent.
3à
“
3f
Amount.
$10,000 00
554,311 02
63,800 00
Kate.
4¿ per cent.
5
51
“
Rate.
Amount.
$44,455 00
900 00
90,524 27
5¿ per cent.
5|
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 437
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................424
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 1 , ............................................................
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 |2 per cent., $20,492 11 1
during the year ending Oct. 31, 1901, .
. 1 1| per cent.,
18,278 151
Number of accounts opened during the year ending Oct. 31, 1901,
. 423
Number of accounts closed during the year ending Oct. 31, 1901,
. 333
Total number of open accounts Oct. 31, 1901,
.
. . .
.
2,834
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,.............................................................................2,368
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
Number of same, .
.
............................................................2,060
Date of examination by commissioner: March 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
“
$25,172 18
25,050 00
211 61
485,558 29
17,070 00
50,679 83
gg
’
gg
3,359 38
162,640 46
193,466 42
[Pub. Doc
REPORT OF THE
182
E A ST W E Y M O U T H S A V IN G S B A N K — E A ST W E Y M O U T H .
Incorporated Feb. 20, 1872.
N ath an
D.
Ca n t e r b u r y ,
Jo h n
A.
Present number of corporators, 40.
President.
R aym ond,
J o h n A. R a y m o n d , Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
N ath an
E dmund
T. H.
D.
G.
W.
Canter bur y,
Jo h n
B ates,
H. F.
E m erson,
Bates,
B ic k n e l l ,
Jo se p h
A.
C u s h in g ,
C h ar l es B . Cu s h in g .
Open for business every business day, 2 to 5 p . m . ; Saturdays, 2 to 6
B alance
Sh ee t
O ct.
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
(notes), ..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, .
.
.
.
p .m
.
31, 1901.
L ia b ilit ie s .
$57,000
32,328
400
51,000
00
50
00
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$1,040,241 66
51,866 00
24,315 51
16,537 83
62,737 79
619,331 70
249,676 86
5,000 00
20 00
18,134 20
1 ,8 8 8 22
2,368 07
$1,116,423 17
$1,116,423 17
Cash on Deposit in Banks, amount in each : —
Chapin National Bank, Springfield,
Eliot National Bank, Boston,
.
.
Massachusetts National Bank, Boston,
.
$1,312 99
10,821 21
.
7 ,8 8 8 2 2
Loan on Bank Stock : —
6
shares Cape Cod National Bank Harwich,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
............................................
$400
00
No. 8.]
183
SAVINGS BANK COMMISSIONERS
East Weymouth. Savings Bank — Continued.
D etailed S ta tem en t o f P u b lic F u n d s .
Par Value.
City of Brockton, Mass., 4s,
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 4s, .
of Detroit, Mich., 6s,
of Detroit, Mich., 7s,
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 4ès,
of Lynn, Mass., 5s, .
of Newton, Mass., 6s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
of Springfield, Mass., 6s,.
of Springfield, Mass., 7s,.
Town of South Aldington, 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
2,000
3,000
2,000
1,000
1,000
5,000
5,000
11,000
$10,650
3,255
3,060
‘ 1,055
2,310
2,160
5,806
1,050
2,180
3,438
2,100
1,085
1,050
5,375
5,300
11,893
00
00
00
00
00
00
25
00
00
75
00
00
00
00
00
75
$57,000
$61,768 75
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.
D eta iled S ta tem en t o f B a n k Stocks.
10 Central Nat’ l Bank, Boston, .
5 First Ward N’l Bank, Boston,
26 Freemans Nat’l Bank, Boston,
17 Manufacturers N’l B’k, Boston,
20 Metropolitan N’l B’k, Boston,
25 N’l B’k of Commerce, Boston,.
18 N’l Hide & Leather B’k, Boston,
26 Old Boston Nat’l Bank, Boston,
27 Shawmut Nat’l Bank, Boston,.
15 State National Bank, Boston, .
12 Third National Bank, Boston,.
2 Tremont Nat’l Bank, Boston, .
25 Massachusetts Loan & Trust
Company, Boston,
25 Dedham Nat’l Bank, Dedham,
5 Salem National Bank, Salem,.
9 First N’l B’k, So. Wevmouth, .
105 Union Nat’l Bank, Weymouth,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
$1,000 00
500 00
2,450 00
1,500
1,200
100
$1,180
800
2,626
51
2,000
3,150
2,232
2,574
27
1,665
1,272
20
2,500
2,500
500
900
10,500
2,825
2,650
250
810
8,190
00
00
00
00
00
2,500
2,500
500
900
10,416
$1,000
500
2,600
-
2,000
2,500
1,800
2,600
-
$32,700
$32,322 00
-
1,862
2,500
1,800
2,600
50
00
00
00
-
1,500 00
1,200 00
100 00
00
00
00
00
00
$32,328 50
184
i Pub. Doc.
REPORT OF THE
East W eym outh Savings Bank — Concluded.
D eta iled S ta tem en t o f R a ilr o a d B o n d s.
Par Value.
Boston, Clinton & Fitchburg R.R. 5s,
Fitchburg R.R. 4s, .
Old Colony R.R. 4^s,
Rumford Falls & 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
$15,610 00
5,150 00
5,125 00
$14,000 00
5,000 00
5,000 00
15,000
10,000
2,000
18,450 00
11,500 00
2,040 00
15,000 00
10,000 00
2,000 00
$51,000
$57,875 00
$51,000 00
T ota l A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In terest.
Rate.
Amount.
$10,821
21
6 ,0 0 0 00
1,312 99
5,000 00
15,000 00
2
3
H
4
41
per cent.
“
“
«
Amount.
Rate.
Amount.
Rate.
$160,365 86
15.000 00
145,802 00
65.000 00
4£ per cent.
4|
“
5
“
5h
“
$454,889 90
5,940 00
7,330 80
6
100 00
8
6h
7
Amount invested in real estate for banking purposes,..................................
Estimated 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 sa 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. 31, 1 9 0 1 , ............................................................
Times for the dividends fixed by the by-laws: April 10 and October 10;
payable on same days.
Bate and amount of eachsemi-annual dividend f 2 per cent.,
$18,995 93 1
during the year ending Oct.31, 1901, .
. 1 2 per cent.,
19,614 18 I
Number of accounts opened during the year ending Oct. 31, 1901,
. 388
Number of accounts closed during the year ending Oct. 31, 1901,
. 289
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,560
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,......................................................................................1,997
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 1 , ..............................................................................................
Number of s a m e ,......................................................................................1,693
Date of examination by commissioner: March 6 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
per cent.
“
“
$16,537 S3
16,537 83
62,737 79
61,900 00
519,712 70
52,654 29
38,610 13
2,953 95
149,931 20
130,371 61
No. 8.]
185
SAYINGS BANK COMMISSIONERS.
E L IO T F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated Feb. 4, 1864.
Jo h n C a r r ,
Present number of corporators, 42.
President.
Treasurer.
F rank E . Gr a n g e r ,
Jo h n F . N e w t o n ,
Clerk of the Corporation.
Names of committee charged with the investment of its funds:
Joh n Ca r r ,
S a m u e l B . H o p k in s ,
G o rh am R ogers,
W il l ia m S . L e l a n d ,
G r ee n le a e C. G eorge,
G eorge E . B u l l a r d .
Open for business every business day except Saturdays, 9
9 a . m . to 12 M.
Balance
Sh eet
Oct.
a .m .
to 3 p . m . ; Saturdays,
31, 1901.
L ia b ilit ie s .
A ssets .
Public funds, as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Commonwealth of Massachu
setts note,
. . .
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o tes),..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures,
Short and surplus account,
Notfs receivable,*
$348,500 00
38,990 00
1 ,0 0 0 0 0
780,000 00
25,000
6,984
2,523,179
805.000
00
37
00
00
135.000
316,036
5,000
1,680
16
247
7,109
00
99
00
54
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Tax account, .
$4,775,211 12
164,762 72
3,267 59
44,702 50
5,800 00
00
51
52
$4,993,743 93
$4,993,743 93
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
First National Bank, Boston............................................................................ .....
10
Peoples National Bank, Boston,....................................................................
115,907 25*
14,965 64
Shoe and Leather National Bank, Boston,...................................................
Loan on bank stock: —
10 shares National Exchange Bank, B o s t o n , ...........................................$1,000 00
This amount, in excess of the legal limit, has been reduced.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
186
REPORT OF THE
[Pub. Doc
Eliot Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3s................................
New Hampshire 6s, .
City of Bangor, Me., 6s, .
of Boston, Mass , 3ès,
of Boston, Mass., 5s,
of Boston, Mass , 6s,
of Fall River, Mass., 4^s,
of Fall River, Mass., 6s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Lynn, Mass., 5s, .
of Marlborough, Mass., 4s,
of Salem, Mass., 3£s,
of Springfield, Mass., 6s,.
Estimated
Market Value.
Amount Invested.
f 100,000 $100,000 00 $100,000 00
500
540 00
500 00
4,000
4,350 00
4,000 00
100,000
106,375 00
100,000 00
25,000
26,812 50
25,000 00
5,000
5,450 00
5,000 00
10,000
10,150 00
10,000 00
10,000
10,900 00
10,000 00
25,000
26,625 00
25,000 00
20,000
21,200 00
20,000 00
10,000
10,500 00
10,000 00
9,000
9,630 00
9,000 00
10,000
10,050 00
10,000 00
20,000
21,800 00
20,000 00
$348,500 $364,382 50 $348,500 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
Estimated
Par Value.
70 Atlas National Bank, Boston, .
10 Eliot National Bank, Boston, .
5 Market Nat’l Bank, Boston,
30 Merchants N’l Bank, Boston,
61 Mt. Vernon N’l Bank, Boston,
20 N’l B’k of Redemption, Boston,
171 Peoples Nat’l Bank, Boston, .
43 Shawmut Nat’l Bank, Boston,.
14 State National Bank, Boston, .
10 Naumkeag N’l Bank, Salem, .
$7,000
1,000
390
3,000
6,100
2,000
17,100
-
1,400
1,000
$38,990
Market Value.
$7,490
1,500
65
5,250
5,917
2,500
19,665
43
1,554
1,250
00
00
00
00
00
00
00
00
00
00
$45,234 00
Amount Invested.
$7,000
1,000
390
3,000
6,100
2,000
17,100
00
00
00
00
00
00
00
-
1,400 00
1,000 00
$38,990 00
Detailed Statement o f Railroad Bonds.
•
Estimated
Market Value.
Amount Invested.
$50,000
$53,500 00
$50,000 00
11,000
50,000
12,320 00
51,000 00
11,000 00
50,000 00
Par Value.
Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s..............................
Boston & Lowell R.R. 3^s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
187
SAVINGS BANK COMMISSIONERS.
Eliot Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Boston & Lowell R.R. 4s,
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. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s, .
Maine Central R.R. 4£s, .
Newport & Ricbford R.R. 5s, .
New York & New England R.R.
(terminal) 4s,
. . .
Old Colony R.R. 4 s,.
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
Estimated
Market Value.
Amount Invested1!
$50,000
25,000
25,000
50,000
50,000
25,000
25,000
25,000
25,000
25,000
100,000
50,000
22,000
$53,250
28,750
27,125
51,000
54,500
28,875
28,875
26,000
27,750
23,250
101,000
54,750
23,760
00
00
00
00
00
00
00
00
00
00
00
00
00
$50,000
25,000
25,000
50,000
50,000
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*
25,000
85,000
37,000
25,000
30,000
95,225
37,740
26,075
00
00
00
00
25,000
85,000
37,000
25,000
00
00
00
00
$780,000 $834,745 00 $780,000 00
* A legal investment when made.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Bate.
Amount.
Kate.
per cent.
3.05 “
3.15 “
3h
“
$290,000 00
1,277,800 00
225,500 00
834,372 42
3| per cent.
4
“
44
»
4i
“
Amount.
$316,036
25.000
35.000
299,000
99
00
00
00
2
Kate.
Amount.
$466,207
1,500
20,500
14,299
32
00
00
26
Value, by books, of real estate, held or owned by foreclosure or other
wise, ..............................................................................................................
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 234
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................497
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, 1901,
.
.
...........................................
Times for the dividends fixed by the by-laws: second Wednesday in April
and October; payable the Thursday next following.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5 per cent.
£!
a
°4
5à
“
6
$6,984 37
8,500 00
444 37
424,195
88
12,109 52
193,915 80
REPORT OF THE
188
[Pub. Doc
Eliot Five Cents Savings Bank — Concluded.
Rate and amount of each semi-annual dividend J 1| per cent., $76,597 05
| $154,861
during the year ending Oct. 31,1901,.
.
I 1| per cent., 78,264 44
Number of accounts opened during the year ending Oct. 31, 1901,
1,832
Number of accounts closed during the year ending Oct. 31, 1901,
1,095
Total number of open accounts Oct. 31, 1901,
.
.
.
.
13,803
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
11,362
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
883,235
Number of s a m e ,.............................................................................13,732
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
842,204
Number of s a m e ,............................................................................ 10,956
Date of examination by commissioner : April 22.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
49
79
31
23
No. 8.]
SAYINGS BANK COMMISSIONERS.
189
E S S E X SA V IN G S B A N K — L A W R E N C E .
Incorporated March 15, 1847.
Present number of corporators, 22.
J o se p h S h a t t u c k , President.
J o se p h S h a t t u c k , Jr., Treasurer.
J o se p h S h a t t u c k , Jr., Clerk of the Corporation.
Names of committee charged with the investment of its funds :
J o se p h S h a t t u c k ,
Sa m u e l W
H e n r y K. W
W
ebster,
alter
h it e ,
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 alance
Sheet
Oct.
A ssets .
31, 1901.
L ia b ilit ie s .
Public funds, as per schedule, . $1,060,000 00
Bank stock, as per schedule,
197,500 00
Loans on bank stock,
35,550 00
Railroad bonds, as per schedule,
1 ,0 1 0 ,0 0 0 00
Loan on railroad stock,
1 0 0 ,0 0 0 00
Real estate (for banking pur
poses), . . . . . .
2 0 ,0 0 0 00
Real estate by foreclosure,
1 0 ,0 0 0 00
Loans on real estate, .
3,809,620 00
Loans on personal security,
2,310,250 00
Loans to counties, cities or towns
(n otes),..................................
184,000 00
Deposits in banks, on interest, .
119,505 67
Cash on hand, .
.
.
.
8,899 53
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$8,865,325 20
$8,062,717 54
405.000 00
97,607 66
300.000 00
$8,865,325 20
Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston, .
Winthrop National Bank, Boston,
Lawrence National Bank, Lawrence, .
Merchants National Bank, Lawrence,.
$1,527 74
57,977 93
20,000 00
40,000 00*
Loans on Bank Stock, amount on each: —
100 shares Arlington National Bank, Lawrence, .
6 shares Merchants National Bank, Lawrence,
10 shares Pacific National Bank, Lawrence,
35 shares Merchants National Bank, Lawrence,
6 shares Andover National Bank, Andover,
* This amount, in excess of the legal limit, has since been reduced.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9,000 00
500 00
600 00
3,500 00
[Pub. Doc
REPORT OF THE
190
Essex Savings Bank — Continued.
250 shares National Hamilton Bank, B o s t o n ,...........................................$20,000 00
4 shares Merchants National Bank, L a w r e n c e ,..............................
350 00
20 shares Merchants National Bank, L a w r e n c e ,..................................
1,600 00
Loan on Railroad Stock: —
1,000
shares Boston & Maine R . R . , ........................................................ $100,000 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3ès, .
.
.
.
City of Boston, Mass., 3ès,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 5 s,.
of Fall 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 $110,500 00 $100,000 00
100,000
108,000 00
100,000 00
32,000
32,960 00
32,000 00
135,000
148,500 00
135,000 00
5,000
5,000 00
5,100 00
50,000
53,000 00
50,000 00
25,000
26,250 00
25,000 00
50,000
53,000 00
50,000 00
224,500 00
200,000
200,000 00
17,000
17,000 00
17,000 00
245,290 00
230,000
230,000 00
100,000
114,000 00
100,000 00
16,000
17,120 00
16,000 00
$1,060,000 $1,155,220 00 $1,060,000 00
Detailed Statement o f Bank Stocks.
Estimated
O c5
o
fc Sq
40
130
6
20
80
60
40
200
46
75
80
250
130
67
100
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’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 N’l B’ k, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Bank of the Commonwealth, Boston,
N’ l B’k of the Republic, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, 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
8,000
25,000
-
6,700
10,000
Market Value.
Amount Invested.
$4,880
13,910
30
100
12,000
180
4,480
35,000
4,462
9,450
00
00
00
00
00
00
00
00
00
00
$4,000 00
13,000 00
15,680
37,750
650
8,308
20,000
00
00
00
00
00
8,000 00
25,000 00
-
-
8,000 00
-
4,000
20,000
4,600
7,500
00
00
00
00
-
6,700 00
10,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS
191
Essex Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
10
166
27
100
66
50
300
300
Par Value.
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Bay State N’l B’k, Lawrence, .
Lawrence N’l B’k, Lawrence, .
$1,000
16,600
_
10,000
6,600
2.500
22,500
30,000
$200,738
Estimated
Amount Invested.
Market Value.
$1,510
17,264
27
11,100
7,590
500
34,500
34,500
00
00
00
00
00
00
00
00
$1,000 00
16,600 00
_
10,000 00
6,600 00
—
22,500 00
30,000 00
$273,871 00 $197,500 00
Detailed Statement o f Railroad Bonds.
Estimated
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,
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,
Market Value.
Amount Invested.
$50,000
50,000
50,000
50,000
50,000
200,000
100,000
100,000
100,000
40,000
$51,500
50,500
63,500
70,000
63,000
220,000
111,000
109,000
106,000
44,800
100,000
135,000 00
100,000 00
100,000
20,000
117,000 00
20,400 00
100,000 00
20,000 00
00
00
00
00
00
00
00
00
00
00
$50,000
50,000
50,000
50,000
50,000
200,000
100,000
100,000
100,000
40,000
00
00
00
00
00
00
00
00
00
00
$1,010,000 $1,161,700 00 $1,010,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$79,505
40.000
3,000
118,000
79.000
liate.
67
00
00
00
00
2
per cent.
3
3%
3é
3f
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
“
Amount.
$50,000
10,000
1,979,650
767,000
922,500
Rate.
00
00
00
00
00
3J per cent.
3%o
“
4
“
4i
«
4¿
“
Amount.
$154,500
2,261,220
10,450
84,100
Kate.
00
00
00
00
4| per cent.
5
5è
6
“
“
192
REPORT OP 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 , ....................................................................
33.000 00
Assessed value of the sam e,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
468 57
Value, by books, of other real estate, held or owned by foreclosure or
10.000 00
otherwise,......................................................................................................
12,800 00
Assessed value of the sam e,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
210 38
Number of loans which are of an amount not exceeding $3,000 each, 622
841,950 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................878
Gross amount of interest or profits received or earned, as per books,
386,231 83
during year ending Oct. 31, 1 9 0 1 , ............................................................
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., $149,807 04 )
^ gQ
during the year ending Oct. 31, 1901,
.
l 2 per cent.,
151,663 86 •
’
Number of accounts opened during the year ending Oct. 31, 1901,
4,435
Number of accounts closed during the year ending Oct. 31, 1901,
3,574
Total number of open accounts Oct. 31, 1901..................................
22,194
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , ....................................................................
15,307
47
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901, .
.
.
.
.
.
.
.
.
.
.
1,755,579 91
Number of s a m e ,.............................................................................31,327
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901,
1,747,432 29
Number of s a m e ,.............................................................................17,918
Date of examination by commissioner: February 19.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
193
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, 34.
J a m e s P. S t e w a r t , President.
S a m u e l P. C a n n e l l , Treasurer.
H e n r y K . V e a z i e , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
S a m u e l P. Ca n n e l l ,
N a t h a n ie l J. M e a d ,
W oodbury A . H a m ,
G eorge W . P l a is t e d ,
D a n ie l B . F esse n d e n .
Open for business every business day, 2 to 4 p . m . ; also Saturdays, 7.30 to 8.30 p . m .
B a lan ce Sh e e t O ct . 31, 1901.
A ssets .
Loan on public funds,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Deposits in banks, on interest, .
Deposits in bank, not on interest,
Cash on hand, . . .
.
L iab ilit ies .
$15,000 00
243,550 00
15,000 00
87,400
3,861
556
746
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
00
87
64
42
$366,114 93
$357,991 69
5,400 00
423 75
2,299 49
$366,114 93
Cash on Deposit in Banks, amount in each: —
National Security Bank, Boston,.
Winthrop National Bank, Boston,
Mercantile Trust Company, Boston, .
First National Bank, Chelsea,
.
.
Winnisimmet National Bank, Chelsea,
.
.
$500
1,361
500
556
500
00
87
00
64
00
1,0 0 0 oo
Loan on Public Funds : —
$16,000 Massachusetts 3s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000 00
194
REPORT OF THE
[Pub. Doc
Everett Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
t
Amount.
$2,361
1,500
25,000
3,000
Kate.
87
00
00
00
2 per cent.
2A
“
3%o “
3i
“
Amount.
$107 ,40 0
800
7,700
132,200
Rate.
00
00
00
00
4
4i
4A
5
per cent.
“
“
Rate.
Amount.
$ 2,500 00
28,000 00
54,350 00
5J
5A
6
per cent.
“
Number of loans which are of an amount not exceeding $3,000 each, 105
Aggregate amount of the same, .
............................................................
$164,550 00
Total number of loans upon real estate.................................................. 112
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
15,343 24
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 2 per cent., $5,819 59 )
12,174 98
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
6,355 39 J
Number of accounts opened during theyear ending Oct. 31, 1901,
483
Number of accounts closedduring the year endingOct. 31, 1901,
246
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,250
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
1,662 40
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901,.....................................................................................
155,325 72
Number of sam e,..................................................................................... 3,565
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
127,359 25
Number of sam e,..................................................................................... 2,245
Date of examination by commissioner: January 18.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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.
G eorge
H.
Present number of corporators, 33.
President.
C h a r l e s H. M o r t On , Treasurer.
C h a r l e s H. M o r t o n , Clerk of the Corporation.
Taber,
Names of committee charged with the investment of its funds :
G eorge H . T a b e r ,
Cy r u s D . H u n t ,
L e v i M . Sn o w ,
T h o m a s A . T r ip p ,
Jo h n B . H u s s e y .
Open for business every business day, 9 a . m . to 1 p . m .
Balance
Sh e e t
O c t . 3 1 , 1901.
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 purposes), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in bank, on interest, .
Deposits in bank, not on interest,
Cash on hand, .
.
.
.
L ia b ilit ie s .
$14,000 00
69,300 00
600 00
34,022 78
4,500 00
4,000 00
294,777 58
19,155 00
27,043 .56
5,000 00
25 71
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Expense, .
$472,424 63
$459,287 23
7,790 00
37 94
5,307 12
2 34
$472,424 63
Cash on Deposit in Bank: —
National Bank of Fairhaven, Fairh a v e n ,................................................... $32,043 56*
Loans on Bank Stock, amount on each: —
5
9
shares National Bank of Fairhaven, F a ir h a v e n ,.............................. $300 00
shares National Bank of Fairhaven, F a ir h a v e n ,..............................
300 00
* This deposit has since been reduced within the legal limit.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
196
REPORT OF THE
[Pub. Doc
F a irh a v en In s titu tio n fo r S avings — Continued.
Detailed Statement o f Public Funds.
Par Value.
Estimated
Market Value.
Amount Invested.
•
City of Lynn, Mass., 3és,
Town of Watertown, Mass., 3£s,
$5,000
9,000
$5,000 00
9,090 00
$5,000 00
9,000 00
$14,000
$14,090 00
$14,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
90
60
85
30
158
40
90
68
Par Value.
Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
Nat’l Shawmut Bank, Boston,
State National Bank, Boston, .
N ’1B’k of Fairhaven, Fairhaven,
Citizens N’l B’k, New Bedford,
First Nat’l Bank, New Bedford,
Mechanics National Bank, New
Bedford,
.
.
.
.
$5,000
9,000
6,000
8,500
3,000
12,640
-
9,000
Estimated
Market Value.
$7,500
11,340
9,060
17,000
3,330
11,060
120
11,250
00
00
00
00
00
00
00
00
Amount Invested.
$6,500
9,540
7,020
12,750
3,240
9,480
00
00
00
00
00
00
_
11,250 00
6,800
9,520 00
9,520 00
$59,940
$80,060 00
$69,300 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,.
Concord & Montreal R.R. 4s, .
Illinois Central R.R. 3£s,.
New York, New Haven & Hartford
R.R. S è s , ..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$10,000
3,000
10,000
$10,700 00
3,270 00
10,100 00
$10,000 00
3,000 00
10,497 78
10,000
10,500 00
10,525 00
$33,000
$34,570 00
$34,022 78
No. 8.]
197
SAYINGS BANK COMMISSIONERS.
F airh av en In stitu tio n fo r Savings — Concluded.
Total Amount o f Loans, with Each Specified Rate of Interest.
Rate.
Amount.
$27,043 56
1 0 ,0 0 0 00
2
4h
per cent.
“
Amount.
Rate.
Amount.
$147,971 10
50,959 97
5 per cent.
5h
“
$105,101 51
500 00
Rate.
6
6è
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the sa m e,............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
Assessed value of the sam e,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 205
Aggregate amount of the s a m e ,....................................................................
Total number of loans upon real e s t a t e , ...........................................219
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 1 , ............................................................
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 j 1| per cent., $7,252 28 j
during the year ending Oct. 31, 1901,.
.
i 1| per cent.,
7,536 84
Number of accounts opened during the year ending Oct. 31, 1901,
. 144
Number of accounts closed during the year ending Oct. 31, 1901,
. 82
Total number of open accounts Oct. 31, 1 9 0 1 , .................................. 898
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
Number of s a m e ,..................................................................................... 830
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
Number of s a m e ,..................................................................................... 439
Date of examination by commissioner : August 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
per cent.
“
$4,500 00
6,000 00
3,800 00
4.000 00
4.000 00
188,625 06
17,007 60
20,520 92
14,789 12
2,527 83
80,025 14
67,493 63
198
REPORT OF THE
[Pub. Doc
F A L L R IV E R S A V IN G S B A N K — F A L L R IV E R .
Incorporated March 11, 1828.
Present number of corporators, 129.
T h o m a s J. B o r d e n , President.
C h a r l e s A . B a s s e t t , Treasurer.
N e w t o n R . E a r l , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
C h a r l e s A. B a s s e t t ,
H e n r y C. H a w k i n s ,
Charles M . A lle n ,
D a v id J. B u r d ic k ,
R obert H e n r y .
Open for business every business day, 9 a .m . to 2 p . m .
B a l a n c e S h eet O ct . 31, 1901.
A ssets .
Public funds, as per schedule, .
Bank stock, as per schedule,
4
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 te s),..................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
Lia b il it ie s .
$514,000
595,100
900
848.000
00
00
00
00
46,000
26,500
3,324,822
2,066,750
00
00
00
00
125.000
285,548
1,300
6,466
00
89
83
01
$7,840,387 73
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Due on mortgage
loans, .
$7,368,983 56
368,000 00
56,744 17
33,700 00
12,960 00
$7,840,387 73
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
Fall River National Bank, Fall River,
Massasoit National Bank, Fall River,
Metacomet National Bank, Fall River,
$180,048 89
40,500 00
60,000 00
5,000 00
Loan on Bank Stock : —
22
shares Fall River National Bank, Fall River,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$900 00
No. 8.]
SAYINGS BANK COMMISSIONERS
199
F a ll R iv e r S avings B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Boston, Mass , 4s,
of Boston, Mass., 5s,
of Cambridge, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 5s,
of Fall River, Mass., 6s,
of Lynn, Mass., 4s, .
of Waltham, Mass., 4s,
of Worcester, Mass., 4s,
.
.
.
.
Estimated
Market Value.
Amount Invested.
$200,000 $222,000 00 $200,000 00
100,000 00
108,750 00
100,000
80,000 00
85,200 00
80,000
50,000 00
50,000
56,000 00
13,000 00
14,480 00
13,000
30,000 00
30,000
32,955 00
10,000 00
10,000
10,950 00
6,000 00
6,240 00
6,000
25,000 00
28,000 00
25,000
$514,000
$564,575 00 $514,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
150
400
330
160
200
110
170
450
232
200
100
715
50
650
935
150
500
220
420
Estimated
Par Value.
$22,500
52,000
57,750
28,000
25,200
13,750
21,080
90,000
41,760
22,200
10,000
75,075
7,500
100,750
114,070
23,250
62,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$15,000
40,000
33,000
16,000
20,000
11,000
17,000
67,500
23.200
20,000
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
00
22,000
42,900 00
22,000 00
4,830
00
400 00
$577,030 $811,125 00
$595,100 00
o
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000
40,000
33,000
16,000
20,000
11,000
17,000
45,000
23,200
20,000
10,000
71,500
5,000
65,000
93,500
15,000
50,000
CO
Eliot National Bank, Boston, .
Faneuil Hall N’l 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 Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
Second National Bank, Boston,
Washington N’l Bank, Boston,
First National Bank, Chelsea,
Fall River N’l B’k, Fall River,
First Nat’l Bank, Fall River, .
Massasoit N’l B’k, Fall River,
Metacomet N’l B’k, Fall River,
Second Nat’l Bank, Fall River,
First N’l Bank, New Bedford,
Mei’chants National Bank, New
Bedford,
.
.
.
.
National Bank o f Commerce,
New Bedford,
Market Value.
KEPORT OF THE
200
[Pub. Doc.
Pall River Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
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 & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 4s, .
Milwaukee, Lake Shore & Western
R.R. 5s,...........................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
Old Colony R.R. 4£s,
Portland & Ogdensburg R.R. 5s,
Worcester, Nashua & Roch. R.R. 4s,
Estimated
Market Value.
Amount Invested.
$40,000
30,000
$44,000 00
34,350 00
$40,000 00
30,000 00
70,000
25,000
15,000
100,000
25,000
23,000
75,000
78,400
25,625
15,900
110,000
27,500
23,690
85,500
70,000
25,000
15,000
100,000
25,000
23,000
75,000
15,000
130,000
150,000
50,000
50,000
50,000
$848,000
00
00
00
00
00
00
00
16,050 00
151,325
172,000
51,500
54,500
53,000
00
00
00
00
00
00
00
00
00
00
00
00
15,000 00
130,000
150,000
50,000
50,000
50,000
00
00
00
00
00
$943,340 00 $848,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$225,548
135.000
50,000
795.000
Kate.
89
00
00
00
2
3
H
4
per cent.
“
Amount.
$ 1 0 0 ,0 0 0 00
755,000 00
625,800 00
50,000 00
Rate.
Amount.
Kate.
4yio per cent. $1,467,431 00 5 per cent.
1,595,841 00 Bi
41
“
“
3,400 00 6
«
4*
4|
“
Amount invested in real estate for banking purposes..................................... $46,000 00
Estimated value of the s a m e , ....................................................................
46,000
Assessed value of the sa m e,.............................................................................
47,000
Value, by books, of other real estate, held or owned by foreclosure or
otherwise, .
...............................................................................................
26,500
Assessed value of the sam e,.............................................................................
26,900
Number of loans which are of an amount not exceeding $3,000 each, 1,044
Aggregate amount of the s a m e , .................................................................... 1,486,607
Total number of loans upon real e s t a t e , .................................. 1,344
Amount of investments from which no income is received,.
.
.
.
26,500
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
362,559
Times for the dividends fixed by the by-laws: first Monday in April and
October; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
00
00
58
No. 8.]
SAYINGS BANK COMMISSIONERS.
201
Pall River Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $140,915 10 )
during the year ending Oct. 31, 1901,.
.
1 2 per cent.,
141,651 97 1
Number of accounts opened during the year ending Oct. 31, 1901,
2,326
Number of accounts closed during the year ending Oct. 31, 1901,
1,902
Total number of open accounts Oct. 31, 1901,
.
.
.
.
15,212
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
16,697 50
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,..................................................................................... 1,063,299 16
Number of s a m e ,............................................................................ 15,671
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ............................................................................................. 1,161,795 37
Number of s a m e ,............................................................................ 13,167
Date of examination by commissioner : November 25 and 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
202
REPORT OF THE
[Pub. Doc.
F A L L R IV E R F IV E CENTS S A V IN G S B A N K - F A L L
R IV E R .
Incorporated April 10, 1855.
W
alter
Present number of corporators, 24.
C . D u r f e e , President.
C h a r l e s J. H o l m e s , Treasurer.
L e o n a r d N . S l a d e , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
W a l t e r C. D u r f e e ,
L e o n t in e L in c o l n ,
C h a r l e s S. W a r in g ,
A b n e r P. D a v o l ,
E d w a r d B. J e n n in g s .
Open for business every business day, 9 a .m . to 2
Balance
Sh ee t
O ct.
p .m .
31, 1901.
A ssets .
L ia b ilit 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 te s),..................................
Deposits in banks, on interest, .
Expense account,
Border City Mfg. Co. stock,* .
Border City Mfg. Co. bonds,* .
Granite Mills stock,* .
Cash on hand, .
.
.
.
$147,000 00
331,100 00
712,000 00
45.000
55,826
2,334,314
986,700
00
44
46
00
18.000
80,943
4,198
8,796
5.000
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rental account,
Due on mortgage
loans, .
$4,395,867 91
158,000 00
97,245 51
71,279 30
23,200 42
4,685 85
91
31
78
00
8 .0 0 0 00
13,399 09
$4,750,278 99
$4,750,278 99
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
National Exchange Bank, Boston,
National Shawmut Bank, Boston,
Second National Bank, Fall River,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$36,398 14
2,699 93
41,845 84
No. 8.]
203
SAYINGS BANK COMMISSIONERS
F a ll R iv e r F iv e C ents S avings B a n k — Continued.
Detailed ¡Statement o f Public Funds.
—
Par Value.
City of
of
of
of
of
Brockton, Mass., 3£s, .
Chicago, 111., 4s, .
Everett, Mass., 4s,
Lynn, Mass., 4s, .
Medford, Mass., 4s,
$15,000
50.000
25.000
25.000
32.000
Estimated
Market Value.
$15,825
55,000
27,812
26,625
36,960
00
00
50
00
00
$147,000 $162,222 50
Amount Invested,
$15,000
50.000
25.000
25.000
32.000
00
00
00
00
00
$147,000 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
50 Atlantic Nat’l Bank, Boston, .
500 Atlas National Bank, Boston, .
150 Blackstone N’l Bank, Boston, .
15 Eliot National Bank, Boston, .
100 Faneuil Hall N’l Bank, Boston,
50 First National Bank, Boston, .
175 Metropolitan N’l B’k, Boston, .
85 Monument Nat’l Bank, Boston,
35 N’l B’k of Commerce, Boston,
250 N’l B’k of Redemption, Boston,
100 National City Bank, Boston, .
150 Nat’l Exchange B’k, Boston, .
220 N’l Hide & Leather B’k, Boston,
100 Nat’l Shawmut Bank, Boston,.
20 Nat’l Webster Bank, Boston, .
120 Shawmut Nat’ l Bank, Boston,.
250 Shoe & Leather N’l B’k, Boston,
200 Third National Bank, Boston,.
70 Winthrop Nat’l B’k, Boston, .
300 First National Bank, Chelsea,.
20 Dedham Nat’l Bank, Dedham,
100 Metacomet N’l B’k, Fall River,
36 Nat’l Union Bank, Fall River,
412 Second Nat’l Bank, Fall River,
50 Leominster N’l B’k, Leominster,
100 First National Bank, Malden, .
10 Oxford National B’k, Oxford,
13 Palmer Nat’l Bank, Palmer, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested
$5,000 00
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
15,000 00
22,000 00
10,000 00
2,000 00
25,000 00
20,000 00
7,000 00
30,000 00
2,000 00
10,000 00
3,600 00
41,200 00
5,000 00
10,000 00
1,000 00
1,300 00
$334,550 $430,288 00
$331,100 00
$5,000
50,000
3,450
1,500
10,000
5,000
17,500
8,500
3,500
25,000
-
15,000
22,000
10,000
2,000
-
25,000
20,000
7,000
30,000
2,000
10,000
3,600
41,200
5,000
10,000
1,000
1,300
$6,100
53,500
500
2,250
13,000
8,750
17,500
16,150
4,410
31,250
500
21,000
27,280
20,000
2,080
120
37,500
21,200
11,200
30,000
2,200
12,200
3,888
63,860
5,750
15,800
1,000
1,300
-
1,500
10,000
5,000
17,500
8,500
3,500
25,000
00
00
00
00
00
00
00
-
204
REPORT OF THE
[Pub. Doc
Fall River Five Cents Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 5s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3 ¿s,.
Illinois Central R.R. 4s, .
Mahoning Coal R.R. 5s, .
Maine Central R.R. 4¿s, .
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
New York, Lackawanna & Western
R.R. 6s, .
.
.
.
.
.
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.
$100,000 $115,000 00 $100,000 00
18,000
20,700 00
18,000 00
50,000
55,750 00
50,000 00
100,000
101,000 00
100,000 00
75,000
84,800 00
75,000 00
14,000
18,200 00
14,000 00
75,000
82,500 00
75,000 00
100,000
126,000 00
100,000 00
15,000
20,100 00
15,000 00
15,000
50,000
17,400 00
56,750 00
15,000 00
50,000 00
100,000
133,000 00
100,000 00
$712,000
$831,200 00 $712,000 00
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.
$80,943 91
18,000 0 0
335,000 00
Kate.
2
3è
4
per cent.
“
“
Amount.
Kate.
Amount.
Rate.
$105,000 00
543,900 00
28,125 00
41 per cent.
4¿
«
4|
“
$978,025 00
1,254,014 46
76,950 00
5 per cent.
5i
»
6
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , .................................. .
Assessed value of the same.................................................................................
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 516
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................748
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
Times for the dividends fixed by the by-laws : first Monday in June and
December; payable on the second Monday of June and December.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$45,000
65.000
65.000
1,436
00
00
00
41
55,826 44
70,587 50
2,625 00
605,297
00
226,156 79
No. 8.]
SAYINGS BANK COMMISSIONERS.
205
Pall River Five Cents Savings Bank — Concluded.
Rate and amount of each semi-annual dividend r 2 per cent.,
$81,346 29 j
^ 93
during the year ending Oct. 31, 1901,
.
j 2 per cent.,
83,182 641
’
Number of accounts opened during the year ending Oct. 31, 1901,
2,744
Number of accounts closed during the year ending Oct. 31, 1901,
1,999
16,407
Total number of open accounts Oct. 31, 1901..................................
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
10,708 17
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
855,462 02
Number of s a m e ,.............................................................................
25,756
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
869,987 31
Number of s a m e ,................................................... „ .
.
•
13,332
Date of examination by commissioner: February 5.
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Federal Reserve Bank of St. Louis
F A R M E R S ’ AN D
M E C H A N IC S ’ SA V IN G S B A N K — SOUTH
F R A M IN G H A M .
Incorporated April 23, 1883.
W
[Pub. Doc
REPORT OF THE
206
il l a r d
Present number of corporators, 30.
G e o r g e E. C u t l e r , Treasurer.
H o w e , President.
S. G . D a v e n p o r t , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
G e o r g e E. C u t l e r ,
A. R. N e w t o n ,
C. D. L e w i s ,
J. T. W h i t n e y ,
H. L. S a w y e r ,
S. A. P h i l l i p 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 Sh e e t O ct . 31, 1901.
L ia b ilit 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 bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o tes),..................................
Loans on depositors’ books,
Deposits in bank, on interest, .
Deposits in bank, not on interest,
Furniture account,
Cash on hand, . . .
.
$15,000 00
23,569 75
2 ,0 0 0 00
40.000 00
100 00
Deposits, .
Guaranty fund,
Interest account,
Insurance,
Cemetery funds,
$793,365
21,800
25,870
30
630
47
00
20
90
83
32,181 40
435,034 00
268,705 00
5,000 00
1,563 00
1 0 .0 0 0 00
3,467 69
1,040 00
4.036 56
$841,697 40
$841,697 40
Cash on Deposit in Banks, amount in each : —
Framingham National Bank, South Framingham,
Puritan Trust Company, B o s t o n , .................................. ........
$3,467 69
1 0 ,0 0 0 00
Loans on Bank Stock, amount on each : —
O
o
<N
12 shares Framingham National Bank, South Framingham,
4 shares Framingham National Bank, South Framingham,
2 shares Framingham National Bank, Soutb Framingham,
00
600
00
2 00 00
Loan on Railroad Bonds : —
$100 Maine Central R.R. 7 s , ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 1 0 0 00
No. 8 .]
207
SAVINGS BANK COMMISSIONERS.
Farmers’ and Mechanics’ Savings Bank — Continued.
Detailed Statement o f Public Funds.
—
Estimated
Market Value.
Massachusetts 3s,
115,000
$15,000 00
Amount Invested,
$15,000 00
Detailed Statement o f Bank Stocks.
Oo
Estimated
^ bfl
Market Value.
21
16
6
40
7
9
6
5
9
100
10
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
National Revere Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
First National Bank, Chelsea,.
North borough National Bank,
Northborough, .
Framingham National Bank,
South Framingham,
First N’l Bank, West Newton,
500
$105
2,400
606
520
21
1,620
6
500
900
1,035 00
1,134 00
10,000
1,000
16,000 00
1,000 00
13,399 00
1,000 00
$18,753
$23,813 00
$23,569 75
$1,600
600
3,120
133
900
_
00
00
00
00
00
00
00
00
$5
2,084
551
3,028
360
1,358
25
00
00
25
00
25
_
650 00
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
Albany & Susquehanna R R. 6s,
Chic., Burlington & Quincy R.R. 3¿s,
New York, New Haven & Hartford
R.R. 3 è s , ..................................
Market Value.
Amount Invested.
$5,000
25,000
$5,512 50
25,750 00
$5,000 00
25,000 00
10,000
10,450 00
10,000 00
$40,000
$41,712 50
$40,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
$10,000 00
45.000 00
38.000 00
3 per cent.
4
“
41
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$99,000 00
35,000 00
398,898 00
Rate.
4¿ per cent.
4if
“
5
Amount.
oo
^o
oo
oo
Rate.
«P’vT-*
mount.
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, $32,181 40
Assessed value of the sa m e ,.............................................................................
33,210 00
Number of loans which are of an amount not exceeding $3,000 each, 296
Aggregate amount of the s a m e ,....................................................................
308,752 00
Total number of loans upon real e s t a t e , ...........................................260
Amount of investments from which no income is received, . . .
.
3,257 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
36,635 35
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 J 1| per cent., $12,741 89 ) 2 5 9 3 2 99
during the year ending Oct. 31,1901,
.
1 1| per cent.,
13,191 03 >
’
Number of accouuts opened during the year ending Oct. 31, 1901,
. 427
Number of accounts closed during the year ending Oct. 31, 1901,
. 333
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,886
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
......................................................................................
2,937 25
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
170,871 69
Number of s a m e ,.............................................................................2,886
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
160,856 96
Number of s a m e ,............................................................................. 2,335
Date of examination by commissioner: January 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS
209
F ITC 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 a r l e s E. W
Present number of corporators, 39.
B r ig h a m N. B u l l o c k , Treasurer.
E b e n e z e r B a i l e y , Clerk of the Corporation.
are,
President.
Names of committee charged with the investment of its funds:
R odney W a lla ce,
Ca r m i M . P a r k e r ,
C h a r l e s E. W a r e ,
R ueben R . Conn,
H e n r y G. M o r s e .
Open for business every business day, except Saturdays, 9 a . m . to 3 p .m . ; Saturdays,
9
a .m .
to 12 M.
B alance S h eet O ct . 31, 1901.
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 te s),..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, . . . .
L ia b il it ie s .
$221,162
164,200
8,700
465.000
56.000
50
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
Rent account, .
00
00
00
130.000 00
$4,234,478 91
184,800 00
71,173 26
14,193 97
315 14
2,720 00
1 1 .0 0 0 00
1,935,290 00
1,212,650 00
118.000 00
174,406 93
5,000 00
6,271 85
$4,507,681 28
$4,507,681 28
i
Cash on Deposit in Banks, amount in each: —
Merchants National Bank, Boston,
.
.
. . .
National Shawmut Bank, Boston,
.
. . .
Fitchburg National Bank, Fitchburg, .
. . .
Safety Fund National Bank, Fitchburg,
Leominster National Bank, Leominster,
Springfield Safe Deposit and Trust Company, Springfield,
$78,178 96
4,947 73
36,280 24
2 0 ,0 0 0 0 0
15,000
25,000
00
00
Loans on Bank Stock, amount on each : —
2 shares Fitchburg National Bank, Fitchburg, .
60 shares Safety Fund National Bank, Fitchburg,
3 shares Westminster National Bank, Gardner,
4 shares Home National Bank, Holyoke, .
20 shares Eliot National Bank, Boston,
10 shares Merchants National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 2 0 0 00
5,000
00
500
00
3,000
00
[Pub. Doc.
REPORT OF THE
210
Fitch bu rg Savings B a n k — Continued.
Detailed Statement
of
Public Funds.
Par Value.
United States 4s,
. . .
Massachusetts 3£s, .
.
.
.
City oi Fitchburg, Mass., 3£s,
of Fitchburg, Mass., 4s, .
of Keene, N. H., 3£s,
of New Bedford, Mass., 4s,
of Norwich, Conn., 7s,
of Portland, Me., 6s,
of Saginaw, Mich., 4s,
of Syracuse, N. Y., 3£s, .
Turner’s Falls, Mass. (Fire District), 4 s , ..................................
Estimated
Market Value.
$33,600 00
$30,000
20,900 00
20,000
51,500 00
50,000
28,000 00
25,000
12,235 50
12,000
25,000 . 26,125 00
18,955 00
17,000
5,725 00
5,000
10,025 00
10,000
10,000 00
10,000
Amount Invested.
$30,000
20,000
50,000
25,000
12,000
25,000
17,500
4,662
10,000
10,000
00
00
00
00
00
00
00
50
00
00
17,000
18,095 00
17,000 00
$221,000
$235,160 50
$221,162 50
of j
Shares. 1
D eta iled S ta tem en t o f B a n k S tock s.
Estimated
1No.
Par Value.
60
100
100
166
225
67
200
200
123
170
50
100
5
67
50
30
Atlantic N’l Bank, Boston,
Atlas National Bank, Boston, .
Eliot Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
Fitchburg N’l B’k, Fitchburg,.
Rollstone N’l Bank, Fitchburg,
Safety Fund National Bank,
Fitchburg, .
.
.
.
Citizens N’l B’k, New Bedford,
National Bank of Commerce,
New Bedford,
Townsend N’l B’k, Townsend,
Crocker Nat’l Bank, Turner’s
Fall's........................................
City Nat’l Bank, Worcester, .
Quinsigamond National Bank,
Worcester, .
. . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Market Value.
Amount Invested.
$6,000
10,000
10,000
1,660
22,500
6,700
20,000
20,000
12,300
$7,320
10,700
15,000
498
39,375
8,308
40,000
28,200
16,605
00
00
00
00
00
00
00
00
00
$7,500 00
12,500 00
13,000 00
17,000
17,000 00
150 00
18,000 00
-
-
23,500
8,200
30,000
23,000
13,300
00
00
00
00
00
-
1,150
500
200 00
575 00
500 00
6,700
5,000
9,380 00
6,250 00
6,700 00
5,000 00
3,000
3,900 00
3,000 00
$142,510
$203,461 00 $164,200 00
No. 8.]
211
SAVINGS BANK COMMISSIONERS.
F itch bu rg Savings B a n k — Continued.
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Par Value.
Chic., Burlington & Quincy R.R. 7s,.
Fitchburg R.R. 4s, .
Fitchburg R.R. 4¿s, .
.
.
.
Fitchburg R.R. 5s, .
Illinois Central R.R. 3ès,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 4s, .
Michigan Central R.R. 5s,
New York, New Haven & Hartford
R R 3ès,
.
.
.
.
.
Old Colony R.R. 4 s,.
Vermont & Massachusetts R.R. 5s, .
$5,000
176,000
30,000
104,000
25,000
Estimated
Market Value.
$5,275
187,910
33,300
107,480
25,375
00
00
00
00
00
Amount Invested.
$5,000
180 000
31,000
104,000
25,000
00
00
00
00
00
25,000
25,000
5,000
28,875 00
26,250 00
5,000 00
29,000 00
25,000 00
5,000 00
20,000
5,000
36,000
20,937 50
5,675 00
36,720 00
20,000 00
5,000 00
36,000 00
$456,000 $482,797 50 $465,000 00
B oston T er m in a l C o m p a n y B o n d s .
Par Value.
Boston Terminal Company 3ès,
$50,000
Estimated
Market Value.
$58,000 00
Amount Invested.
$56,000 00
T otal A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In terest.
Kate.
Amount.
$83,126 69
31,280 24
45.000 00
2 0 .0 0 0 00
40.000 00
27.000 00
per cent.
“
3
“
H
“
3% 0 “
H
2
2è
Amount.
$25,000
35.000
25.000
406,000
484,700
689,900
Kate.
00
00
00
00
00
00
3f per cent.
“
3%
4
41
H
“
“
“
Kate.
Amount.
$36,000
1,403,565
86,400
11,075
00
00
00
00
4| per cent.
5
«
5¿
“
6
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 sa m e ,............................................................................
102,000 00
Value, by books, of other real estate, held or owned by foreclosure or
otherw ise,.................................. ........ ...........................................................
1 1 ,0 0 0 00
Assessed value of the s a m e ,.............................................................................
11,250 00
Net income received from same during year ending Oct. 31, 1901,
.
.
84 33
Number of loans which are of an amount not exceeding $3,000 each, 416
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
212
[Pub. Doc.
KEPOKT OF THE
Fitchburg Savings-Bank — Concluded.
Aggregate amount of the same........................................................................... .....
Total number of loans upon real e s t a t e , ...........................................509
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1 ; pay
able on same days.
Rate and amount of each semi-annualdividend ( 2 per cent., $79,984 55 1
during the year ending Oct. 31,1901,.
.
1 1|per cent.,
71,907 13 1
Number of accounts opened during the year ending Oct. 31, 1901,
1,605
Number of accounts closed during the year ending Oct. 31, 1901,
1,246
Total number of open accounts Oct. 31, 1901,
.
.
.
.
8,940
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
....................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................................... 6,226
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,..................................................................................... 5,473
Date of examination by commissioner : September 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
)
00
199,929 57
lgl ggi gg
7,365 04
812,169 74
830,982 15
No. 8.]
213
SAYINGS BANK COMMISSIONERS
F LO R EN C E S A V IN G S B A N K —F LO R E N C E .
Incorporated February 14, 1873.
Sam uel P orter,
Present number of corporators, 38.
President. •
M. E.
M. E. G o u l d , Clerk of the Corporation.
Treasurer.
G ould,
Names of committee charged with the investment of its funds :
Sam uel P orter,
L. F.
H. B.
G eorge
H aven,
Jr.,
H. F.
P l im p t o n ,
S.
Graves,
Cu t le r .
Open for business every business day, 10 a .m . to 2 p . m .
B ala n c e Sh eet O ct . 31, 1901.
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,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand, . . . .
$18,900 00
18,000 00
4,745
2,625
235,847
48,942
489
49,216
9
479
125
Deposits, .
Guaranty fund,
Interest account,
$365,727 22
12,598 00
1,056 05
92
00
50
50
00
93
75
49
18
$379,381 27
$379,381 27
Cash on Deposit in Banks, amount in each: —
$20,103 63
21,015 99
8,097 31
Hampshire County National Bank, Northampton,
First National Bank, Northampton, .
Pynchon National Bank, Springfield, .
No. of
Shares.
D eta iled S ta tem en t o f B a n k Stock s.
85
40
54
10
Par Value.
Home Nat’l Bank, Holyoke, .
First N’l Bank, Northampton,
Hampshire County National
Bank, Northampton, .
Agawam N’l B’k, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$8,500
4,000
|9,775 00
5,000 00
$8,500 00
4,000 00
5,400
1,000
5,400 00
1,000 00
5,400 00
1,000 00
$18,900
$21,175 00
$18,900 00
214
[Pub. Doc
REPORT OF THE
F loren ce Savings B a n k — Concluded.
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Estimated
Par Value.
Illinois Central R.R. 3^s, .
Vermont & Massachusetts R.R. 5s, .
Market Value.
Amount Invested.
$17,000
1,000
$17,170 00
1,017 50
$17,000 00
1,000 00
$18,000
$18,187 50
$18,000 00
T ota l A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In terest.
Amount.
$41,119 62
Rate.
Amount.
3£ per cent.
$284,840 00
Rate.
5 per cent.
Amount.
$8,536 31
Rate.
6
per cent.
Amount invested in real estate for banking purposes,..................................
$4,745 92
5.000 00
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
3.000 00
Net income received from same during year ending Oct. 31, 1901,
102 65
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
2,625 00
Assessed value of the s a m e ,.................................................................... ........
1,800 0 0
Number of loans which are of an amount not exceeding $3,000 each, 173
Aggregate amount of the s a m e , ....................................................................
198,629 00
Total number of loans upon real e s t a t e , ...........................................166
Amount of investments from which no income is received, .
.
.
.
1.000 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
17,332 62
Times for the dividends fixed by the by-laws: second Tuesday in April
and October; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent.,
$5,974 19 ]
12,081 03
during the year ending Oct. 31, 1901, .
. ( 1|- per cent.,
6,106 84
Number of accounts opened during the year ending Oct. 31, 1901,
. 207
Number of accounts closed during the year ending Oct. 31, 1901,
. 183
Total number of open accounts Oct. 31, 1901,
. . .
.
1,448
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
811 84
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
75,550 28
Number of s a m e ,............................................................................ 2,037
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
74,510 92
Number of s a m e ,.............................................................................1,229
Date of examination by commissioner : February 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
215
SAYINGS BANK COMMISSIONERS.
No. 8.]
F O X B O R O U G H S A V IN G S B A N K — F O X B O R O U G H .
Incorporated April 18, 1855. Present number of corporators, 36.
F is h e r
E.
President.
H artsho rn,
E d w ar d M . P h elps,
E d w ar d M . P helps,
Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
R ic h a r d
W il l ia m
S.
T.
Ca r p e n t e r ,
A l l e n H . M e s s in g e r ,
Cook,
F is h e r
L e w is
E.
E.
H artshorn,
Gr ay .
Open for business every business day, 9 a . m . to 3 p . m . ; also Wednesdays and
Saturdays, 6 to 8 p . m .
B a l a n c e Sh e e t O c t .
31,
A ssets .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal C o. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o tes),..................................
Deposit in bank, on interest,
Cash on hand, .
. . .
1901.
L ia b ilit ie s .
$9,000 00
38,479 00
62,000 00
Deposits, .
Guaranty fund,
Undivided earnings,
$323,206 80
17,000 00
7,048 01
1 0 .0 0 0 00
9,800 00
192,325 00
10,375 00
5,000 00
8,598 38
1,677 43
$347,254 81
$347,254 81
Cash on Deposit in Bank: —
Winthrop National Bank, Boston,
.
. -
...........................................$8,598 38
D eta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
City of Lynn, Mass., 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,000
Estimated
Market Value.
$9,450 00
Amount Invested.
$9,000 00
REPORT OF THE
216
[Pub. Doc
F o x b oro u gh Savings B ank — Continued.
No. of
Shares.
D eta iled S ta tem en t o f B a n k S to ck s .
23
34
27
22
8
5
58
10
11
10
27
50
10
14
35
6
20
12
24
36
5
Par Value.
Blackstone N’l Bank, Boston, .
Bovlston Nat’l Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Manufacturers N’l B’k, Boston,
Metropolitan N’l B’k, Boston,
Mt. Yernon N’l Bank, Boston,
N’l Bank of Commerce, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston, .
National Webster B’k, Boston,
Old Boston N’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
National Bank of Wrentham,
Wrentham, .
$529
3,400
2,700
Estimated
Market Value.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$529 00
3,400 00
2,700 00
350
350 00
350 00
$38,479
$49,030 00
$38,479 00
-
800
-
5,800
1,000
1,100
-
2,700
5,000
1,000
1,400
3,500
600
2,000
600
2,400
3,600
$115
3,570
4,050
110
1,040
15
5,800
970
1,386
50
3,348
10,000
1,040
1,386
5,250
690
2,120
120
3,840
3,780
Amount Invested.
-
800 00
-
5,800 00
1,000 00
1,100 00
-
2,700
5,000
1,000
1,400
3,500
600
2,000
600
2,400
3,600
00
00
00
00
00
00
00
00
00
00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Chic., Burlington & Quincy R.R. 3ès,
Fitchburg R.R. 5s, .
Illinois Central R.R. 3ès, .
Maine Central R R . 4s,
Maine Central R.R. 4js, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11,000
5,000
5,000
5,000
10,000
6,000
5,000
Estimated
Market Value.
$11,525 00
5,825
5,100
5,462
10,100
6,315
5,487
00
00
50
00
00
50
Amount Invested.
$11,000 00
5,000
5,000
5,000
10,000
6,000
5,000
00
00
00
00
00
00
5,000
5,000
5,000
6,600 00
5,350 00
5,100 00
5,000 00
5,000 00
5,000 00
$62,000
$66,865 00
$62,000 00
No. 8.]
217
SAVINGS BANK COMMISSIONERS.
Foxborough. Savings B a n k — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$10,000
Estimated
Market Value.
$11,600 00
Amount Invested.
$10,000 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Rate.
Amount.
$8,598 38
5,000 00
2
3è
per cent.
“
Amount.
$28,200 00
5,000 00
Rate.
Amount.
5 per cent.
5h
“
$169,500 00
Rate.
6
per cent.
Value, by books, of real estate, held or owned by foreclosure or other
wise, .
.
.
.
.
.
.
.
.
.
.
.
.
.
$9,800 00
Assessed value of the sa m e ,.............................................................................
10,250 00
Number of loans which are of an amount not exceeding $3,000 each, 177
Aggregate amount of the s a m e , ....................................................................
169,900 00
Total number of loans upon real e s t a t e , ...........................................170
Amount of investments from which no income is received............................
6,429 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1901,
.
.
...........................................
16,838 58
Time for the dividends fixed by the by-laws : Wednesday after first Mon
day in June and December; payable Wednesday after second Monday
in June and December.
Bate and amount of each semi-annnal dividend | 2 per cent.,
$6,005 60 1 ^ qiq 49
during the year ending Oct. 31, 1901, .
. 1 2 per cent.,
6,004 89 1
’
Number of accounts opened during the year endiug Oct. 31, 1901,
. 170
Number of accounts closed during the year ending Oct. 31, 1901,
. 129
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,404
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
1,435 40
clusive of taxes)................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
66,402 93
Number of s a m e ,.............................................................................1,035
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
73,757 25
Number of s a m e ,.............................................................................1,295
Date of examination by commissioner: January 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
218
F R A N K L IN SA V IN G S B A N K — BOSTON.
Incorporated March 15, 1861.
Ja m e s E . W
h it n e y ,
Present number of corporators, 90.
E b e n e z e r A l e x a n d e r , Treasurer.
President.
G e o r g e A . F i s h e r , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
M a r t in L. B r a d f o r d ,
Ja m e s E . W h it n e y ,
J. H o m e r P i e r c e ,
J a m e s A r t h u r Ja c o b s ,
C h a r l e s E . R o g e r so n ,
H enry W . H art.
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 ct . 31, Ì901.
L ia b ilit ie s .
A ssets .
Public funds, as per schedule, . $1,406,500 00
50.000 00
Loan on public funds,
292,009 00
Bank stock, as per schedule,
1,500 00
Loan on bank stock, t
1,501,665 00
Railroad bonds, as per schedule,
60.000 00
Loans on railroad stock, .
300.000 00
Boston Terminal Co bonds,
Real estate (for banking pur
225.000 00
poses), ..................................
220,706 27
Real estate by foreclosure,.
4,173,250
79
Loans on real estate, .
2,582,739 68
Loans on personal security,
Loans to counties, cities or towns
125.000 00
(n o te s),..................................
486,223 85
Deposits in banks, on interest, .
5,967 99
Expense account,
Real estate income and expense
2,243 44
account,..................................
13,149 01
Cash on hand, .
.
.
.
$10,807,955 21
Deposits, .
458,000 00
Guaranty fund,
109,122 72
Interest account,
Profit and loss ac
70,877 10
count, .
$11,445,955 03
$11,445,955 03
Cash on Deposit in Banks, amount in each : —
Bay State Trust Company, Boston,
Boylston National Bank, Boston,
Central National Bank, Boston, .
Massachusetts Loan and Trust Co., Boston,
National Shawmut Bank, Boston,
Shoe and Leather National Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$85,654
108,287
50.000
50.000
99,955
92,325
72
83
00
00
59
71
No. 8.]
SAYINGS BANK COMMISSIONERS
219
Franklin Savings Bank — Continued.
Loan on Public Funds : —
$50,000 00
$50,000 Massachusetts 3 s , ..........................................
Loan on Bank Stock: —
5 shares National Exchange Bank, Boston,
‘2 shares Shoe and Leather National Bank, Boston,
4 shares Eliot National Bank, Boston,
$1,500 00
.
Loans on Railroad Stock, amount on each : —
$50,000 00
350 shares New York, New Haven & Hartford R.R.,
75 shares New York, New Haven & Hartford R.R.,
10,000 00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3às, .
.
.
.
District of Columbia 6s, .
District of Columbia 7s, .
City of Altoona, Pa., 4s, .
of Belfast, Me., 4s, .
of Boston, Mass., 3ès,
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6 s,.
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s,
of Detroit, Mich., 4s,
of Fall River, Mass., 6s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s, .
of Laconia, N. EL, 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 4s,
of Minneapolis, Minn., 4s,
of Newton, Mass., 4s,
of Northampton, Mass., 4s,
of Providence, R. I., 5s, .
of Rutland, Vt., 4s, .
of Springfield, Mass., 7 s,.
of St. Albans, V t, 4s,
of Waterbury, Conn., 4s, .
of Woonsocket, R. 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.
$125,000 $134,062 50 $125,000 00
98,400 00
96,000 00
96,000
1,000 00
1,060 001,000
50,000 00
55,250 00
50,000
25,000 00
27,375 00
25,000
30,000 00
30,075 00
30,000
150,000 00
165,875 00
150,000
3,000 00
3,157 50
3,000
2,000 00
2,075 00
2,000
1,000 00
1,055 00
1,000
50,000 00
54,750 00
50,000
40,000 00*
40,145 00
40,000
50,000 00
55,750 00
50,000
4,000 00
4,490 00
4,000
50,000 00
50,000
55,750 00
113,500 00
100,000 00
100,000
50,000 00
57,250 00
50,000
46,500 00
46,500
48,708 75
10,000 00
10,750 00
10,000
50,000 00
54,875 00
50,000
43,000 00
47,085 00
43,000
100,000 00
105,250 00
100,000
1,000 00
1,067 50
1,000
27,000 00
29,972 50
27,000
10,000 00
10,475 00
10,000
21,000 00
22,600 00
21,000
25,000 00
27,437 50
25,000
100,000 00*
109,750 00
100,000
6,000 00
6,120 00
6,000
60,000 00
60,000 00
60,000
80,000 00
86,200 00
80,000
$1,406,500 $1,520,311 25 $1,406,500 00
Legal Investments when made.
220
[Pub. Doc
REPORT OF THE
Franklin Savings Bank — Continued.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
41
200
133
93
200
41
135
106
97
100
79
200
201
355
20
139
200
55
200
130
86
84
50
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
First Ward Nat’l B’k, Boston, .
Fourth National Bank, Boston,
Freemans Nat’l Bank, Boston,
Massachusetts Foan and Trust
Company, Boston,
N’l B’k of Commerce, Boston,.
National City Bank, Boston, .
N’l Exchange Bank, Boston, .
N’l Shawmut Bank, Boston, .
National Union Bank, Boston,.
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Naumkeag N’l Bank, Salem, .
Third N’l Bank, Springfield, .
Estimated
Market Value.
Amount Invested.
$4,100
20,000
3,059
9,300
20,000
4,100
13,500
10,600
9,700
$5,002
21,400
665
9,765
30,000
6,150
21,600
13,250
9,797
00
00
00
00
00
00
00
00
00
$4,100
20,000
3,059
9,300
30,000
4,100
13,500
10,600
9,700
10,000
7,900
11,500
9,954
1,000
28,140
71,000
3,020
14,456
19,800
9,900
30,000
14,430
9,890
10,500
11,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
10,000 00
7,900 00
-
20,100
35,500
2,000
13,900
20,000
5,500
20,000
13,000
8,600
8,400
5,000
$264,259
$362,219 00
00
00
00
00
00
00
00
00
00
-
20,100
53,250
2,000
13,900
20,000
5,500
20,000
13,000
8,600
8,400
5,000
00
00
00
00
00
00
00
00
00
00
00
$292,009 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. 4¿s,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Chic., Burlington & Quincy R.R. 4s,
Concord & Claremont R.R. 4¿s,
Eastern R.R 6s,
.
.
.
.
Erie & Pittsburgh R.R. 8¿s, .
Fitchburg R.R. 4s, .
Fitchburg R.R 4¿s............................
Illinois Central R R. 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$100,000
50,000
100,000
100,000
$110,000
53,500
107,500
126,000
100,000
199,000
100,000
50,000
50,000
50,000
56,000
100,000
116,000
212,460
111,000
55,750
52,000
55,500
61,600
101,000
Amount Invested.
00 $100,000 00
00
50,000 00
00
100,000 00
00
100,000 00
00
00
00
00
00
00
00
00
100,000
199,000
100,000
50,000
50,000
50,000
56,000
100,000
00
00
00
00
00
00
00
00
No. 8.]
221
SAYINGS BANK COMMISSIONERS.
Franklin Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Illinois Central R.R. 5s, .
New York & New England R.R.
(terminal) 4s,
. . .
New York, New Haven & Hartford
R.R. 4s,
..................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s,
. . .
Penobscot Shore Line R.R. 4s,
Peterboro’ & Hillsboro’ R.R. 4às, .
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................
Estimated
Market Value.
Amount Invested.
$48,665
$48,908 32
$48,665 00
50,000
60,000 00
50,000 00
100,000
50,000
75,000
48,000
25,000
50,000
116,000
55,500
82,875
51,360
28,500
00
00
00
00
00
66,500 00
100,000
50,000
75,000
48,000
25,000
00
00
00
00
00
50,000 00
$1,501,665 $1,671,953 32 $1,501,665 00
Boston Terminal Company Bonds.
Par Value.
Estimated
Market Value.
$300,000 $348,000 00
Boston Terminal Company 3às,
Amount Invested.
$300,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Iiate.
Amount.
$386,223 85
175.000 00
150.000 00
1 0 0 .0 0 0 00
216,500 00
130,000 00
2
per cent.
3
3i
3|
3è
3|
“
“
“
Rate.
Amount.
Kate.
3| per cent.
3£
“
4
“
$1,213,252 28
4i per cent.
4|
“
5
Amount.
$642,000
50.000
1,934,787
50.000
485,300
00
00
00
00
00
4j
4j
2 0 ,0 0 0 00
1,831,232 44
71,050 00
23,368 75
6
“
Amount invested in real estate for banking purposes,.................................. $225,000 00
Estimated value of the same...............................................................................
225,000 00
Assessed value of the sa m e,.............................................................................
146,000 00
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
220,706 27
Assessed value of the sa m e,.............................................................................
226,550 00
Net income received from same during year ending Oct. 31, 1901,
.
.
1,864 02
Number of loans which are of an amount not exceeding $3,000 each, 393
Aggregate amount of the s a m e , ....................................................................
703,366 75
Total number of loans upon real e s t a t e , ...........................................748
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
222
REPORT OF THE
[Pub. Doc.
Franklin Savings Bank — Concluded.
Gross amount of interests or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ........................................................... $464,327 35
Times for the dividends fixed by the by-laws: February 1 and August 1;
payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent , $176,087 36 ) o-„„
during the year ending Oct. 31, 1901,
.
1 1| per cent., 179,649 93 ) °0,/ '
Number of accounts opened during the year ending Oct. 31, 1901,
2,077
Number of accounts closed during the yearending Oct. 31, 1901,
1,706
Total number of open accounts Oct. 31, 1901,
.
.
.
.
21,268
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
.....................................................................................
25,194 78
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,..................................................................................... 1,585,858 77
Number of s a m e ,.................................................................................... 14,699
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..................................
........................................... 1,624,340 41
Number of s a m e ,....................................................................................14,837
Date of examination by commissioner: April 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS
223
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 a r l e s A l l e n , Treasurer.
F r 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 o se p h W . S t e v e n s ,
H enry F . N ash ,
L u c iu s N i m s ,
J o se p h G r i s w o l d .
Open for business every business day, 9 a .m . to 3 p . m .
Balance
Sh e e t
Oct.
31, 1901.
L ia b ilit ies .
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 tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Unpaid interest, . . . .
Suspense account,
Cash on hand, . . . .
$582,000 00
51,977 00
2 0 ,2 0 0 00
825,000
25,034
1,524,347
1,648,969
00
38
17
00
165,112
3,415
170,555
1,494
4,725
2,908
3,304
47
13
51
69
40
06
31
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$5,029,043 12
$4,730,287 15
237,000 00
43,106 59
18,649 38
$5,029,043 12
'o
©
©
Cash on Deposit in Banks, amount in each: —
Athol National Bank, A t h o l , ...........................................
National Hide and Leather Bank, Boston, . . . .
First National Bank, Greenfield, .
.
.
.
.
.
Franklin County National Bank, Greenfield,
.
.
.
Berkshire Loan and Trust Co., Pittsfield, . . . .
00
55,407 79
85,147 72*
15,000 00
1 0 ,0 0 0 00
Loans on Bank Stock, amount on each: —
* This amount, in excess of the legal limit, has been reduced.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
©
©^
©
10 shares Crocker National Bank, Turner’s Falls, .
5 shares City National Bank, Worcester,
50 shares Franklin County National Bank, Greenfield, .
22 shares Shelburne Falls National Bank, Shelburne Falls,
3 shares Conway National Bank, Conway,
60 shares Home National Bank, Holyoke,
110 shares Home National Bank, Holyoke,
8 shares Packard National Bank, Greenfield, .
00
500
00
1 ,0 0 0 00
2 ,2 0 0 00
2 00 00
5,000
00
1 0 ,0 0 0 00
300
00
[Pub. Doc
KEPOKT OF THE
224
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., 6 s,.
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5 s ,.
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 Athol, Mass., 4£s,
of Chatham, Mass., 4ès,
of Marblehead, Mass., 4s,
$30,000
16,000
23,000
13,000
25,000
48,000
50,000
25,000
50,000
25,000
20,000
10,000
85,000
25,000
25,000
4,000
20,000
30,000
18,000
1,000
5,000
34,000
$582,000
Estimated
Market Value.
$32,400
16,640
25,990
13,625
27,750
49,340
57,600
27,750
55,500
26,250
22,200
10,400
91,112
26,750
27,000
4,360
21,000
32,550
19,035
1,000
5,280
37,060
00
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
48,000
50,000
25,000
50,000
25,000
20,000
10,000
85,000
25,000
25,000
4,000
20,000
30,000
18,000
1,000
5,000
34,000
00
00
00
00
00
00*
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
$630,592 00 $582,000 00
* Legal investments when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
5
153
83
68
140
25
10
45
40
18
Par Value.
Faneuil Hall N’l Bank, Boston,
Nat’l B’k of Commerce, Boston,
Natl Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
First Nat’l Bank, Greenfield, .
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
Adams N’l B’k, North Adams,
First N’l B’k, Northampton, .
Hampshire County National
Bank, Northampton,
Pittsfield N’l B’k, Pittsfield, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$500
15,300
1,577
6,800
14,000
Estimated
Market Value.
$650
19,278
249
7,072
21,000
00
00
00
00
00
Amount Invested.
$500
15,300
1,577
6,800
14,000
00
00
00
00
00
2,500
1,000
4,500
2,550 00
1,150 00
5,625 00
2,500 00
1,000 00
4,500 00
4,000
1,800
4,000 00
2,754 00
4,000 00
1,800 00
$51,977
$64,328 00
$51,977 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
225
Franklin Savings Institution — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4ès,
Chicago & Northwestern R.R. 7s, .
Conn. & Passumpsic 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. 5s,
..................................
Milwaukee, Lake Shore & Western
R R. 5s.....................................
N. Y. & N. E. R.R. (terminal) 4s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
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
60,000
100,000
25,000
Estimated
Market Value.
$57,500
63,000
139,000
28,750
30,750
66,900
102,000
28,000
Amount Invested.
00
00
00
00
00
00
00
00
$50,000
50,000
100,000
25,000
25,000
60,000
100,000
25,000
00
00
00
00
00
00
00
00
50,000
66,750 00
50,000 00
50,000
50,000
63,000 00
61,000 00
50,000 00
50,000 00
100,000
15,000
25,000
50,000
50,000
117,000
16,650
27,750
51,000
56,500
00
00
00
00
00
100,000
15,000
25,000
50,000
50,000
00
00
00
00
00
$825,000 $975,550 00 $825,000 00
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$55,407 79
85,147 72
25.000 00
25.000 00
Kate.
2
2è
3è
3£
per cent.
«
“
“
Amount.
$170,000 00
894,037 47
407,375 00
Kate.
3| per cent.
4
“
H
“
Amount.
$1,052,800 00
817,181 30
650 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the same,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
.
.
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 , ...........................................603
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 1 , ............................................................
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
Kate.
4£ per cent.
5
«
“
6
$25,034 38
26,717 00
159 96
598,521 60
76 99
219,287 89
REPORT OF THE
226
[Pub. Doc.
Franklin Savings Institution — Concluded.
Rate and amount of each semi-annual dividend j 2 per cent., $>88,683 46 J^yg y^g yg
during the year ending Oct. 31, 1901,
.
12 per cent.,
91,033 30 i
Number of accounts opened during the year ending Oct. 31, 1901,
. 948
Number of accounts closed during the year ending Oct. 31, 1901,
. 607
Total number of open accounts Oct. 31, 1901,
. . .
.
9,241
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
8,779 57
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
473,798 54
Number of s a m e ,.............................................................................4,946
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
433,847 37
Number of s a m e ,.............................................................................4,626
Date of examination by commissioner : June 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
227
SAYINGS BANK COMMISSIONERS.
G A R D N E R S A V IN G S B A N K — G A R D N E R .
Incorporated May 26, 1868. Present number of corporators, 46.
C h a r l e s W . C o n a n t , President.
J oh n D. E d g e l l , Treasurer.
V o l n e y W . H o w e , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
C h ar les W . Conant,
S a m u e l S. G l e a s o n ,
E u c l id L. B r o o k s ,
S. W . A. S t e v e n s ,
E z r a O sg o o d .
Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
close at 12 m .
B a l a n c e Sh e e t O ct . 31, 1901.
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 te s ),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.
L ia b ilit ie s .
$109,100
112,882
1,808
339,000
1,989
780,527
548,273
145,400
76
116,156
1,515
1,460
2,517
00
00
00
00
88
79
48
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$2,018,457 53
93,500 00
26,423 41
22,251 19
74 92
00
44
28
54
45
19
$2,160,707 05
$2,160,707 05
Cash on Deposit in Banks, amount in each : —
First National Bank, Boston............................................................................$5,090 38
Shoe and Leather National Bank, Boston......................................................
24,704 00
First National Bank, G ardn er,....................................................................
42,515 54
Westminster National Bank, G a r d n e r ,...................................................
10,050 00
Packard National Bank, Greenfield,...........................................................
15,000 00
Northampton National Bank, N ortham pton,...........................................
10,000 00
Springfield National Bank, S p rin g field ,................................................... 10,311 90
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
228
[Pub. Doc
REPORT OF THE
Gardner Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
$850 00
400 00
290 00
268 00
10 shares Westminster National Bank, Gardner,
5 shares Westminster National Bank, Gardner,
5 shares Westminster National Bank, Gardner,
12 shares First National Bank, G ardn er,..................................
Detailed Statement o f Public Funds.
Par Value.
United States 4s,
. . .
County of Aroostook, Me., 4<|s,
City of Chicago, 111., 4s, .
of Cleveland, Ohio, 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,
.
Estimated
Market Value.
$1,100
10,000
10,000
10,000
10,000
11,000
16,000
16,000
25,000
$109,100
$1,282
11,100
10,550
10,000
11,150
11,660
17,800
17,395
27,437
00
00
00
00
00
00
00
00
50
Amount Invested-
$1,100
10,000
10,000
10,000
10,000
11,000
16,000
16,000
25,000
00
00
00
00*
00
00
00
00
00
$118,324 50 $109,100 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
18
3
34
10
15
50
15
20
10
100
50
26
33
80
5
25
50
30
Par Value.
Miller’s River N’l B’k, Athol, .
First National Bank, Barre,
Blackstone N’l Bank, Boston, .
Central National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Mechanics Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,.
National Bank of the Commonwealth, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
New England N’l B’k, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,800
300
782
1,000
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
$1,800
300
782
1,000
5,000
1,500
2,000
1,000
$2,970
330
170
1,180
75
7,500
1,740
3,500
1,000
5,000
1,500
2,000
1,000
00
00
00
00
10,000
5,000
2,600
3,300
8,000
500
2,500
5,000
3,000
19,600
7,550
3,640
4,092
16,000
720
3,750
5,550
4,800
00
00
00
00
00
00
00
00
00
10,000
5,000
2,600
3,300
8,000
500
2,500
5,000
3,000
00
00
00
00
00
00
00
00
00
-
00
00
00
00
_
No. 8.]
SAYINGS BANK COMMISSIONERS
229
Gardner Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
10
8
29
304
12
100
34
51
20
28
Par Value.
Conn. River National Bank,
Charlestown, N. H.,
First National Bank, Clinton, .
Rollstone Nat’l B’k, Fitchburg,
First National Bank, Gardner,
Leominster N’l B’k, Leominster,
Orange Nat’l Bank, Orange, .
Crocker N’l B’k,Turner’s Falls,
First Nat’l Bank, Winchendon,
Citizens Nat’l B’k, Worcester,.
Mechanics N’l B’k, Worcester,
$1,000
800
2,900
30,400
1,200
10,000
3,400
5,100
2,000
2,800
Estimated
Market Value.
$1,000
1,000
3,915
31,920
1,380
16,000
4,760
6,885
2,900
2,660
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,000
800
2,900
30,400
1,200
10,000
3,400
5,100
2,000
2,800
00
00
00
00
00
00
00
00
00
00
$112,882 $156,587 00 $112,882 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R.
4 è 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. 4s,
Portland & Rumford Falls R.R. 4s,
Upper Coos R.R. 4s,
. . .
Vermont & Massachusetts R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$5,000
10,000
30,000
$5,075 00
11,400 00
37,800 00
$5,000 00
10,000 00
30,000 00
25,000
34,000
10,000
3,000
54,000
3,000
26,000
5,000
6,000
25,000
29,000
38,930
10,550
3,855
57,735
3,330
24,700
5,250
7,800
34,250
00
00
00
00
00
00
00
00
00
00
25,000
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
00
10,000
10,000
2,000
25,000
10,000
5,000
15,000
10,000
15,000
1,000
13,950
12,000
2,150
27,625
11,350
5,125
16,050
10,800
16,050
1,020
00
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
00
00
00
00
00
00
00
00
00
00
$339,000
$385,795 00 $339,000 00
230
REPORT OF THE
[Pub. Doc
Gardner Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.
Bate.
Amount.
Rate.
per cent.
“
3
“
Sh
“
$235,450 00
53,000 00
197,768 00
4 per cent.
4|
“
4h
“
Amount.
$5,090
24,704
51,311
50,000
38
00
90
00
2
Amount.
$60,000 00
903,644 23
11,273 48
Rate.
4| per cent.
5
6
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$1,989 88
Assessed value of the sa m e ,.............................................................................
1,650 00
Net income received from same during year ending Oct. 31, 1901,
33 77
Number of loans which are of an amount not exceeding $3,000 each, 906
Aggregate amount of the s a m e , ....................................................................
738,202 31
Total number of loans upon real e s t a t e , ...........................................851
Amount of investments from which no income is received, .
.
.
.
11,515 54
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ...........................................................
98,781 30
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
Rate and amount of eachsemi-annual dividend J 2 per cent.,
$36,759 67 )
74,821 50
during the year ending Oct. 31, 1901, . .
I 2 per cent.,
38,061 83 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 760
Number of accounts closed during the year ending Oct. 31, 1901,
. 541
Total number of open accounts Oct. 31, 1901,
.
.
.
.
5,571
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
5,358 64
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
320,643 18
Number of s a m e ,..................................................................................... 4,532
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
285,917 30
Number of s a m e ,..................................................................................... 3,225
Date of examination by commissioner: July 19.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
231
SAVINGS BANK COMMISSIONERS.
G E O R G E T O W N SA V IN G S B A N K — G E O R G E T O W N .
Incorporated May 26, 1868. Present number of corporators, 58.
S h e r m a n N e l s o n , President.
G e o r g e S. W
E d w a r d S . F ic k e t t , Treasurer.
e st o n ,
Clerk of the Corporation.
Names of committee charged with the investment of its funds:
O l i v e r S. B u t l e r ,
S a m u e l T. P o o r ,
S h e r m a n N elson.
Open for business every business day except Saturdays, 9
9 a . m . to 12 m .
a .m .
to 2
p .m .
; Saturdays,
B a l a n c e S h e e t O ct . 31, 1901.
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
(notes), ..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, . . . .
$100,512
10,326
5.000
84,912
49,480
433,085
35,593
50
50
00
50
74
42
57
Deposits, .
Guaranty fund,
Interest account,
$713,882 92
34,000 00
1,902 10
9.000 00
18,753 31
2 .0 0 0 0 0
268 00
852 48
$749,785 02
$749,785 02
Cash on Deposit in Banks, amount in each: —
Beacon Trust Company, Boston,.................................................................... $5,000 00
Georgetown National Bank, Georgetown,....................................................
10,753 31
Second National Bank, Haverhill....................................................................
5,000 00
Loan on Bank Stock: —
50 shares Essex National Bank, H a v e r h i l l , ........................................... $5,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
232
Georgetown Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Altoona, Pa., 4s, .
of Bath, Me., 6s,
of Boston, Mass., 4s,
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 4s, .
of Grand Rapids, Mich., 4s,
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, os, .
Town of Methuen, Mass., 4s, .
Estimated
Market Value.
$6,120
2,020
5,500
1,100
18,500
6,180
16,950
1,140
11,440
11,000
5,150
5,750
1,020
4,240
11,300
$6,000
2,000
5,000
1,000
17,000
6,000
15,000
1,000
11,000
10,000
5,000
5,000
1,000
4,000
10,000
$99,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$107,410 00
Amount Invested.
$6,000
2,000
5,000
1,000
17,000
6,000
16,512
1,000
11,000
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
$100,512 50
* Legal investments when made.
No. of
Shares.
Detailed Statement of Bank Stocks.
13
30
10
30
45
20
Par Value.
Columbia Nat’l B’k, Boston,
Manufacturers Nat’l Bank,
Boston, .
.
.
.
Market Nat’l Bank, Boston,
State National Bank, Boston,
Georgetown National Bank,
Georgetown, .
First Nat’l Bank, Ipswich, .
Estimated
Market Value.
Amount Invested.
$6 50
$13 00
$6 50
820 00
3,000 00
90 00
130 00
3,333 00
820 00
3,000 00
4,500 00
2,000 00
4,500 00
2,000 00
4,500 00
2,000 00
$10,326 50
$10,066 00
$10,326 50
Detailed Statement o f Railroad Bonds.
Par Value.
Bennington & Rutland R.R. 4£s,
Chicago & Northwestern R.R. 3£s, .
Concord & Montreal R R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
4,000
Estimated
Market Value.
Amount Invested.
$11,100 00
10,300 00
4,400 00
$10,000 00
10,137 50
4,000 00
No. 8.]
233
SAVINGS BANK COMMISSIONERS
Georgetown Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Fitchburg R R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
N. Y. & N. E. R.R. (terminal) 4s, .
Upper Coos R.R. 4s,.
Upper Coos R.R. 4^s,
Estimated
Market Value.
$15,000
15.000
10.000
10,000
5.000
3.000
3.000
$16,665
13,500
11.300
11.300
6,000
3,240
3,630
00
00
00
00
00
00
00
$85,000
$91,435 00
$15,000
13,575
11,200
10,000
5.000
3.000
3.000
00
00
00
00
00
00
00
$84,912 50
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
Rate.
Amount.
3 per cent.
“
$176,895 37
48,796 46
5 per cent.
5£
“
$227,622 44
4,512 24
Amount.
$34,605 79
9,000 00
H
Rate.
6 per cent.
7
Value, by books, of real estate, held or owned by foreclosure or other
$49,480 74
wise, ...............................................................................................................
82,467 90
Assessed value of the sa m e ,.............................................................................
Number .of loans which are of an amount not exceeding $3,000 each, 353
316,535 42
Aggregate amount of the s a m e ,....................................................................
Total number of loans upon real e s t a t e , ...........................................379
10,750 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
33,013 24
during year ending Oct. 3 1 , 1 9 0 1 , ............................................................
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 f1| per cent., $12,649 77 J 24,843 98
during the year ending Oct. 31, 1901, .
. 1 1| per cent.,
12,194 21 )
Number of accounts opened during the year ending Oct. 31,1901,
132
Number of accounts closed during the year ending Oct. 31, 1901,
68
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,924
Total expenses of the corporation for the year ending Oct. 31,1901 (ex
2,216 26
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
60,495 54
ending Oct. 31, 1901.........................................................................................
Number of s a m e ,........................................................................................ 825
Amount of withdrawals, including dividends, during the year ending
96,082 73
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,............................................................................ 1»126
Date of examination by commissioner: June 6 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
234
REPORT OF THE
[Pub. Doc
G R A F TO N S A V IN G S B A N K — G R A F TO N .
Incorporated March 13, 1869.
Present number of corporators, 52.
A l b e r t L. F i s h e r , President.
J o se p h A. D o d g e , Treasurer.
J o se p h A. D o d g e , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
A l b e r t L. F i s h e r ,
C l a r e n c e It. P r a t t ,
F r a n k E . Y in t o n ,
S olon F . S m i t h ,
E d w ar d P. U sh e r.
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 Sh e e t O c t . 31, 1901.
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 tes),..................................
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Cash on hand, .
.
.
.
L ia b ilit ie s .
$2 2 ,0 0 0 00
2,280 00
34,600 00
2 ,0 0 0 0 0
156,314 19
20,400 00
Deposits, .
Guaranty fund,
Interest account,
Suspense account,
.
$244,180 55
6,600 00
7,067 30
1 ,0 0 0 00
1 0 ,0 0 0 00
3,673 13
7,106 00
474 53
$258,847 85
$258,847 85
Cash on Deposit in Banks, amount in each: —
Grafton National Bank, Grafton......................................................................$7,106 00
City National Bank, Worcester,....................................................................
3,673 13
Loan on Bank Stock: —
28£ shares Grafton National Bank, Grafton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,280
00
No. 8.]
235
SAYINGS BANK COMMISSIONERS
Grafton Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
5
5
30
3
50
8
10
20
57
6
Par Value.
Eliot National Bank, Boston, .
Fourth Nat’l Bank, Boston,
Manufacturers N’l B’k, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
N’l Shawmut Bank, Boston, .
Nat’l Webster Bank, Boston, .
Shawmut N’l Bank, Boston, .
State National Bank, Boston, .
Grafton Nat’l Bank, Grafton, .
Spencer Nat’l Bank, Spencer, .
$1,000
500
_
3,000
-
5,000
800
_
2,000
5,700
600
$18,600
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
$1,230 00
500 00
$25,567 00
$22,000 00
$1,500
625
15
3,750
15
10,000
832
10
2,220
5,700
900
-
4,048 73
-
7,152 60
800 00
2,000 00
5,700 00
568 67
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.
$5,600
10,325
4,600
16,350
00
00
00
00
$36,875 00
Amount Invested.
$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.
Kate.
Amount.
$3,673 13
52,200 00
3 per cent.
H
“
Amount.
$ 1 0 ,0 0 0 00
78,055 00
Kate.
4|
5
per cent.
“
Amount.
$8,150 00
40,589 19
Rate.
5¿ per cent.
6
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$2,000 00
Assessed value of the sa m e ,.............................................................................
2,300 00
Net income received from same during year ending Oct. 31, 1901,
.
25 60
Number of loans which are of an amount not exceeding $3,000 each, 118
Aggregate amount of the same...........................................................................113,214 19
Total number of loans upon real e s t a t e , ...........................................128
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
236
REPORT OF THE
[Pub. Doc
Grafton Savings Bank — Concluded.
Gross amount of interest or profits, received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
$12,065 06
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.,
$4,467 10 1
9,095 10
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
4,628 00 J
Number of accounts openedduringthe year ending Oct. 31, 1901,
.
73
Number of accountsclosed during the year ending Oct.31,1901,
.
59
Total number of open accounts Oct. 31, 1 9 0 1 , .................................. 651
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
984 51
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
31,591 78
Number of same........................................................................................ 325
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
26,865^12
Number of s a m e ,................................................................................... 342
Date of examination by commissioner : May 6 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
237
SAYINGS BANK COMMISSIONERS
G R A N IT E S A V IN G S B A N K — ROCKPORT.
Incorporated March 21, 1884.
Present number of corporators, 40.
H e n r y H . T h u r s t o n , President.
N a t h a n ie l R ic h a r d s o n , Jr. Treasurer.
N a t h a n ie l R ic h a r d s o n , Jr., Clerk of the Corporation.
Names of committee charged with the investment of its funds :
H e n r y H . T h u rston ,
G eorge A . L o w e ,
G eorge G r if f in ,
Ja m e s A b b o t t .
Open for business every business day, 9 a . m . to 12 m . ; Wednesdays and Saturdays,
2 to 3 p . m . ; Saturdays, 6 to 7 p .m .
B alance
Sheet
Oct.
L iab ilit ie s .
A ssets .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Safe and furniture,
Cash on hand, .
.
.
.
31,1901.
$55,010
5,400
8,275
250
126,839
12,375
00
00
00
00
00
00
4,500
11,789
1,705
400
271
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$219,918 38
6 ,2 0 0 00
697 99
86
67
00
84
$226,816 37
$226,816 37
Cash on Deposit in Banks, amount in each: —
Gloucester Safe Deposit and Trust Company, Gloucester,
.
.
.
Rockport National Bank, Rockport,............................................................
* This amount, in excess of the legal limit, has been reduced.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11,789 8 6 *
1,705 67
238
REPORT OF THE
[Pub. Doc,
Granite Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
County of Aroostook, Me., 4is,
City of Bay City, Mich, 4s,
of Bridgeport, Conn., 4 s,.
of Chicopee, Mass., 3£s, .
of Everett, Mass., 4s,
of Holyoke, Mass., 3ès, .
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 Rockfoi’d, 111., 4£s,
of Saginaw, Mich., 4s,
of Sioux City, Iowa, 4às,.
of Springfield, Ohio, 5s, .
of Waltham, Mass., 4s, .
of Waterbury, Conn., 4 s ,.
of Woburn, Mass., 4s,
Town of Orange, Mass., 4s,
of Rockport, Mass., 4s, .
of Swampscott, Mass., 3£s, .
Estimated
Market Value.
$2,000
2,000
1,000
1,000
1,000
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
$54,500
$2,087
2,210
1,050
1,110
1,015
1,120
3,060
2,250
2,065
3,067
1,112
1,050
2,065
1,045
1,105
5,175
2,182
1,021
3,678
2,060
1,053
1,057
1,135
1,090
3,105
2,247
6,383
2,120
50
00
00
00
00
00
00
00
00
50
50
00
00
00
00
00
50
25
75
00
75
50
00
00
00
50
75
00
$57,722 50
Amount Invested,
$2,100
2,000
1,000
1,000
1,000
1,000
3,000
2,000
2,000
3,000
1,060
1,000
2,000
1,000
1,000
5,200
2,000
1,000
3,500
2,000
1,000
1,000
1,000
1,000
3,000
2,000
6,150
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
$55,010 00
* Legal investments when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
12
8
10
24
Par 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
2,400
1,600 00
2,208 00
1,000 00
2,400 00
$5,400
$6,568 00
$5,400 00
No. 8.]
SAVINGS BANK COMMISSIONERS.
239
Granite Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Maine Central R.R. 4s,
Maine Central R.R. 7s,
Estimated
Market Value.
$3,000
2,000
2,000
500
1,000
$3,765
2,050
1,800
525
1,302
00
00
00
62
50
$8,500
$9,443 12
Amount Invested.
$3,000
2,000
1,775
500
1,000
00
00
00
00
00
$8,275 00
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$3,263 04
2 ,0 0 0 00
Kate.
3 per cent.
3i
“
Amount.
$11,026 82
1 1 ,1 0 0 00
Rate.
4 per cent.
5
“
Amount.
$7,575 00
120,539 00
Rate.
5£ per cent.
6
“
Value, by books, of real estate, held or owned by foreclosure or other
wise, ..............................................................................................................
$250 00
Assessed value of the same................................................................................
250 00
Number of loans which are of an amount not exceeding $3,000 each,. 170
Aggregate amount of the s a m e , ....................................................................
120,384 00
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,
during year ending Oct. 31, 1 9 0 1 , ...........................................................
10,946 36
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.,
$3,881 35 1
7,935 36
during the year ending Oct. 31, 1901,.
.
( 2 per cent.,
4,054 01J
Number of accounts opened during the year ending Oct. 31, 1901,
. 97
Number of accounts closed during the year ending Oct. 31, 1901,
. 63
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,098
Total expenses of the corporation for the year ending Oct, 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
1,095 87
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901 ,.....................................................................................
46,803 04
Number of s a m e ,..................................................................................... 922
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
35,463 61
Number of s a m e ,..................................................................................... 763
Date of examination by commissioner: September 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
240
[Pub. Doc
REPORT OF THE
G R EAT
G R E A T B A R R IN G T O N S A V IN G S B A N K
B A R R IN G T O N .
Incorporated Feb. 3, 1869. Present number of corporators, 33.
G e o r g e C h u r c h , President.
C h a r l e s J. T a y l o r , Treasurer.
C l a r e n c e R. S a r i n , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
A l f r e d S. F a s s e t t ,
C h a r l e s J. T a y l o r ,
W i l l i a m C. H i n m a n ,
W il l ia m W . N orton,
O r l a n d o C. B id w e l l .
Open for business every business day, 9 a .m . to 12 m . ; 1 to 3 p .m .
B ala n c e S h e e t O ct . 31,1901.
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 te s),..................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Cash on hand, .
.
.
.
L ia b ilit ie s .
$30,000
40,104
1,371
184,000
70,000
00
17
91
00
14,200
3,175
423,241
59,155
00
00
25
00
500
33,608
7,131
1,231
00
81
10
84
$822,801 33
30,600 00
14,317 75
Deposits, .
Guaranty fund,
Interest account,
00
$867,719 08
$867,719 08
Cash on Deposit in Banks, amount in each: —
National Mahaiwe Bank, Great Barrington,
.
.
.
.
.
.
Pynchon National Bank, Springfield,.................................. ........
.
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
.
$7.131 10
8,065 20
25,543 61
Loans on Bank Stock, amount on each: —
15 shares National Mahaiwe Bank, Great Barrington,
5 shares National Mahaiwe Bank, Great Barrington,
5 shares National Mahaiwe Bank, Great Barrington,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
.
.
.
.
.
.
.
.
$600 00
400 00
371 91
No. 8.]
241
SAYINGS BANK COMMISSIONERS
I
Great Barrington Savings Bank — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
City of Bridgeport, Conn., 3£s,
of Chicago, ill., 4s, .
Estimated
Market Value.
Amount Invested.
$10,000
20,000
$10,275 00
21,950 00
$10,000 00
20,000 00
$30,000
$32,225 00
$30,000 00
D eta iled S ta tem en t o f B a n k Stock s.
° u
o$
Estimated
Market Value.
10 First National Bank, Adams, .
10 Atlantic Nat’l Bank, Boston, .
10 Faneuil Hall N’l B’k, Boston, .
25 Merchants Nat’l Bank, Boston,
59 .N’l B’k of Redemption, Boston,
14 National Union Bank, Boston,
54 New England N’l B’k, Boston,
66 Shoe & Leather N’l B’k, Boston,
8 Suffolk National Bank, Boston,
41 National Mahaiwe Bank, Great
Barrington, .
.
.
.
24 Lee National Bank, L e e ,.
1 Pittsfield Nat’l B’k, Pittsfield,.
3 HousatonieN’l B’k, Stockb’dge,
Aiiiuuiil Invested
$1,000
1,000
1,000
2,500
5,900
1,400
5,400
6,600
800
$1,250
1,220
1,300
4,375
7,375
2,114
7,776
9,900
920
00
00
00
00
00
00
00
00
00
$1,280
1,345
1,300
3,392
7,080
1,890
7,290
6,600
800
00
00
00
50
00
00
00
00
00
4,100
2,400
100
300
5,330
3,960
153
435
00
00
00
00
5,125
3,416
135
450
00
67
00
00
$32,500
$46,108 00
$40,104 17
D eta iled S ta tem en t o f R a ilr o a d B o n d s.
Estimated
Market Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Fitchburg R.R. 4s, .
New York, New Haven & Hartford
R.R. S i s , ..................................
New York, New Haven & Hartford
R.R. 4 s ,.
Old Colony R.R. 4 s ,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount Invested»
$30,000
29,000
40,000
$32,900 00
33,160 00
44,550 00
$30,000 00
29,000 00
40,000 00
30,000
31,500 00
30,000 00
10,000
45,000
11,600 00
50,575 00
10,000 00
45,000 00
$184,000
$204,285 00 $184,000 00
[Pub. Doc.
REPORT OF THE
242
Great Barrington Savings Bank — Concluded.
B o s to n
T er m in a l C o m p a n y B o n d s.
Par Value.
Boston Terminal Company 3ès,
170,000
Estimated
Market Value.
$81,200 00
Amount Invested.
$70,000 00
T otal A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter est.
Kate.
Amount.
Kate.
3 per cent.
4i
“
$438,731 91
5 per cent.
Amount.
$25,543 61
7 ,0 0 0 00
Amount.
$38,536 25
Kate.
6
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, 1901,
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, 253
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................251
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 1 , ............................................................
Times for the dividends fixed by the by-laws : first Thursday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $13,147 8 8 j
during the year ending Oct. 31, 1901, .
.
1 1| per cent.,
13,514 33 J
Number of accounts opened during the year endingOct. 31, 1901,
. 393
Number of accounts closed duringthe year ending Oct.31, 1901,
. 397
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,992
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,.................................................................... 2,545
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,....................................................................2,016
Date of examination by commissioner: June 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
per cent.
$14,200
14,200
8,500
454
00
00
00
05
3.175 00
2,600 0 0
238,348 16
3.175 00
41,720 71
26,662
21
2,807 18
151,434 26
150,535 77
No. 8.]
243
SAYINGS BANK COMMISSIONERS
G R E E N F IE L D S A V IN G S B A N K — G R E E N F IE L D .
Incorporated March 19, 1869. Present number of corporators, 21.
R
obert
A b e r c r o m b ie , President.
W
il l ia m
G. P a c k a r d , Treasurer.
S a m u e l D. C o n a n t , Clerk, of the Corporation.
Names of committee charged with the investment of its funds:
W il l ia m A . F o r b e s,
Ch a r l e s R . L o w e l l ,
L e v i J. G u n n ,
S e o r e m B. S l a t e ,
R o b e r t A b e r c r o m b ie .
Open for business every business day, 9 a . m . to 3 p .m .
B alance S heet O ct . 31, 1901.
A ssets .
Bank stock, as per schedule,
Loans on bank stock,
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, .
Expense account,
. ' .
Interest due,
.
.
.
.
Cash on hand, .
.
.
.
L ia b ilit ie s .
$128,045 00
2,540 00
707,800 00
1 0 0 ,0 0 0 00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
1,663,892 94
386,022 00
20,350
106,151
2,422
313
4,284
$2,995,456 53
118,000 00
8,366
66
00
91
73
87
74
$3,121,823 19
$3,121,823 19
Cash on Deposit in Banks, amount in each: —
Athol National Bank, A t h o l , .................................................................... $ 10,000 00
Miller’s River National Bank, Athol,............................................................
11,000
National Bank of Commerce, B o s t o n , ...................................................
3,163
Franklin County National Bank, G reen field,...........................................
43,462
Packard National Bank, Greenfield,............................................................
27,526
Third National Bank, S p rin g fie ld ,............................................................
11,000
00
28
18
45
00
Loans on Bank Stock, amount on each: —
5 shares Conway National Bank, C o n w a y , ...........................................
22 shares Packard National Bank, Greenfield,...........................................
8 shares Conway National Bank, C o n w a y , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$100 00
1,800 00
640 00
244
REPORT OF THE
[Pub. Doc
Greenfield Savings Bank — Continued.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
Athol Nat’l Bank, Athol,.
Boylston Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Merchants N’l Bank, Boston, .
Metropolitan N’l B’k, Boston,
N’l B'k of Redemption, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Second Nat’l Bank, Boston,
South End Nat’l Bank, Boston,
First National Bank, Chicopee,
Conway Nat’l Bank, Conway,
First Nat’l Bank, Greenfield, .
City Nat’l Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Adams N’l B’k. North Adams,
First N’l B’k, Northampton, .
Hampshire County N’l Bank,
Northampton,
55 Orange Nat’l Bank, Orange, .
67 Palmer Nat’l Bank, Palmer, .
22 Shelburne Falls National Bank,
Shelburne Falls, .
75 Chapin N’l Bank, Springfield,
18 Chicopee N’l B’k, Springfield,
45 City Nat’l Bank, Springfield, .
70 First N’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, .
37
70
42
38
30
69
6
9
10
20
12
75
84
50
14
138
60
12
10
$3,700
7,000
4,200
3,800
3,000
6,900
-
900
1,000
2,000
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
Estimated
Market Value.
$3,700
7,350
6,300
6,650
3,000
8,625
30
1,116
1,800
1,500
1,560
7,500
5,100
5,750
1,820
20,700
6,900
1,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
1,000 00
8,800 00
6,700 00
2,750
8,625
2,700
6,390
7,350
4,680
24,200
700
6,500
00
00
00
00
00
00
00
00
00
Amount Invested.
$3,700
7,000
4,200
3,800
3,000
6,900
00
00
00
00
00
00
-
900
1,000
2,000
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
$128,300 $171,296 00 $128,045 00
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Estimated
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3s, .
Chic., Burlington & Quincy R.R. 3£s,
Dexter & Newport R.R. 4s,
Fitchburg R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
50,000
100,000
10,000
50,000
Market Value.
$53,562
47,000
102,000
10,600
53,500
50
00
00
00
00
Amount Invested.
$50,000
50,000
100,000
10,000
50,000
00
00
00
00
OO
No. 8.]
245
SAYINGS BANK COMMISSIONERS.
Greenfield Savings B ank — Continued.
D eta iled Sta tem en t o f R a ilroa d B on d s
Par Value.
Fitchburg R.R. 4ès............................
Illinois Central R.R. 3s, .
Illinois Central R.R. 3¿s, .
Mahoning Coal R.R. 5s, .
Milwaukee, Lake Shore & Western
R.R. 5s.............................................
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s, .
N. Y. & N. E. R.R. (terminal), 4s, .
New York, New Haven & Hartford
R.R. 3¿s,
.
.
.
.
.
New York, New Haven & Hartford
R.R. 4s, ...........................................
Penobscot Shore Line R.R. 4s,
Portland & Rumford Falls R.R. 4s,
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
— Concluded.
Estimated
Market Value.
Amount Invested.
$10,000
75,000
100,000
15,000
$11,175
67,500
101,000
19,350
00
00
00
00
$10,000
67,800
100,000
15,000
00
00
00
00
15,000
10,000
50,000
50,000
18,900
10,750
56,750
60,500
00
00
00
00
15,000
10,000
50,000
50,000
00
00*
00
00
25,000
26,125 00
25,000 00
25,000
15,000
25,000
29,000 00
16,125 00
27,250 00
25,000 00
15,000 00
25,000 00
40,000
46,800 00
40,000 00
$715,000
$757,887 50 $707,800 00
* A legal investment when made.
B oston T erm in a l C o m p a n y B o n d s .
Par Value.
Boston Terminal Company 3às,
$100,000
Estimated
Market Value.
$116,000 00
Amount Invested.
$100,000 00
T otal A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter est.
Amount.
Rate.
$3,163 28
92,988 63
2
2¿
1 0 ,0 0 0 00
H
per cent.
“
“
Amount.
$20,350 00
47,950 00
25,000 00
Rate.
4 per cent.
H
“
4|
Amount.
Rate.
$1,864,799 94 5 per cent.
53,250 00 H
“
61,455 00 6
Number of loans which are of an amount not exceeding $3,000 each, 704
Aggregate amount of the s a m e , .................................. ........
$862,441 00
Total number of loans upon real e s t a t e , ...........................................814
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1901,
136,632 90
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
246
REPORT OF THE
[Pub. Doc.
Greenfield Savings B ank — Concluded.
Times for the dividends fixed by the by-laws : January 1 and July 1; pay
able on same days.
Rate and amount of each semi-annualdividend f 2 per cent., $54,180 15 1
gg-^ yg
during the year ending Opt. 31, 1901, .
.
1 2 per cent.,
56,681 63 1
Number of accounts opened during the year ending Oct. 31, 1901,
. 976
Number of accounts closed during the year ending Oct. 31, 1901,
. 453
Total number of open accounts Oct. 31, 1901,
.
.
.
.
6,915
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
6,207 78
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901, .
...........................................
480,646 11
Number of s a m e ,..................................................................................... 4,586
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
373,979 62
Number of s a m e ,............................................................................
4,132
Date of examination by commissioner: April 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
247
SAYINGS BANK COMMISSIONERS.
H A M P D E N SA V IN G S B A N K - SP R IN G F IE L D .
Incorporated April 13,1852.
Present number of corporators, 43.
C. L. G a r d n e r , President.
P. S. B a i l e y , Treasurer.
P. S. B a i l e y , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
C. L. G a r d n e r ,
D w ig h t 0 . G il m o r e ,
P. E. C a 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
9
a .m .
p m
.
; Saturdays,
to 12 M.
B alance S h e e t O c t . 31, 1901.
L ia b ilit 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,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures,
Suspense account,
Cash on hand, .
.
.
.
$50,000
256,658
11,850
750,000
33,750
283,468
57,673
1,058,195
868,785
50,000
11,810
1.974
6.975
10,985
9,972
00
00
00
00
00
75
32
00
00
00
30
82
00
00
78
$3,462,097 97
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Premium account, .
$3,279,134 01
151,100 00
13,930 53
16,900 43
1,033 00
$3,462,097 97
m
o
o
o
Cash on Deposit in Banks, amount in each : —
Eliot National Bank, Boston,
.
.
.
.
Hampshire County National Bank, Northampton,
Agawam National Bank, Springfield, .
John Hancock National Bank, Springfield,
Hampden Trust Company, Springfield,
00
1 0 ,0 0 0 00
10,810 30
1 0 ,0 0 0 00
25,000
00
$ 1 ,0 0 0
00
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,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1 ,0 0 0 0 0
4,000
00
248
REPORT OF THE
[Pub. Doc.
Hampden Savings Bank — Continued.
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, H o ly o k e ,...........................................
5 shares Springfield National Bank, Springfield,
.
.
.
.
11 shares Chicopee National Bank, Springfield,..............................
10 shares Agawam National Bank, Springfield.....................................
20 shares Agawam National Bank, Springfield,..................................
6
$500
500
300
00
00
00
200 00
500
500
00
00
1 ,1 0 0 0 0
750
1,500
00
00
Loans on Railroad Stock, amount on each : —
10 shares Boston & Albany R . R . , ..................................................................$1,400 00
2 shares Boston & Albany R . R . , ..........................................................
250 00
154 shares New York, New Haven & Hartford R.R.,
.
.
.
.
20,000 00
11 shares New York, New Haven & Hartford R.R.,
.
.
.
.
1,300 00
12 shares New York, New Haven & Hartford R.R....................................
1,800 00
50 shares New York, New Haven & Hartford R.R....................................
9,000 00*
* This loan, in excess of the legal limit, will be corrected.
Detailed Statement o f Public Funds.
Par Value.
City of Providence, R. I., 3s,
.
$50,000
Estimated
Market Value.
$50,000 00
Amount Invested.
$50,000 00
Detailed Statement o f Bank Stocks.
V,
O <p
Estimated
Market Value.
£ M
50
28
31
230
75
50
50
50
50
26
63
50
60
40
200
20
18
Eliot National Bank, 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,
N’l B’k of the Republic, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
First National Bank, Chicopee,
Hadley Falls Bank, H olyoke, .
Holyoke Nat’l Bank, Holyoke,
Monson Nat’l Bank, Monson, .
First Nat’l B’k, Northampton,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
2,800
3,100
23,000
7,500
5,000
5,000
5,000
5,000
2,600
5,000
6,000
4,000
20,000
2,000
1,800
$7,500
4,900
3,131
40,250
9,450
6,250
7,550
6,200
10,000
2,704
63
5,550
7,800
5,200
30,000
2,500
2,250
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Xii\ csteti«
$6,100
2,800
3,100
27,210
10,865
6,700
6,300
5,000
7,500
2,600
00
00
00
00
00
00
00
00
00
00
—
5,900
7,920
4,732
23,056
2,200
1,800
00
00
00
00
00
00
No. 8.]
249
SAYINGS BANK COMMISSIONERS.
Hampden Savings Bank — Continued.
No. of
Shares.
D etailed S ta tem en t o f B a n k S lock s
64
30
85
25
260
250
50
50
50
74
75
Par Value.
Hampshire County National
Bank, Northampton, .
First N’l Bank, Norwich, C t.,.
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, .
$6,400
3,000
8,500
2,500
26,000
25,000
5,000
5,000
5,000
7,400
7,500
$204,100
— Concluded.
Estimated
Market Value.
$6,400
3,000
13,600
2,500
26,000
28,750
7,500
5,250
00
00
00
00
00
00
00
00
5,000 00
16,280 00
7,950 00
Amount Invested.
$7,060
3,000
12,285
2,500
37,720
27,500
8,600
6,525
00
00
00
00
00
00
00
00
6,075 00
11,560 00
10,050 00
$273,528 00 $256,658 00
D eta iled S ta tem en t o f B a ilro a d B o n d s .
Par Value.
Boston & Albany R.R. 4s,
Boston & Lowell R R. 4s,
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Connecticut River R.R. 4s,
Fitchburg R.R. 4s, .
Holyoke & Westfield R.R. 4s, .
Illinois Central R.R. 3 és,.
New York & New England R.R,
(terminal) 4s,
. . .
Old Colony R.R. 4s, .
New York, New Haven & Hartford
R.R. S i s , ...................................
$50,000
50,000
50,000
100,000
200,000
50,000
50,000
50,000
00
00
00
00
00
00
00
00
$50,000
50,000
50,000
100,000
200,000
50,000
50,000
50,000
00
00
00
00
00
00
00
00
60,000 00
55,750 00
50,000 00
50,000 00
50,000
52,500 00
50,000 00
$822,125 00 $750,000 00
T e r m in a l C o m p a n y B on d s.
Par Value.
Boston Terminal Company 3às,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$53,500
53,125
54,500
103,000
231,000
56,000
52,500
50,250
Amount Invested,
50,000
50,000
$750,000
B o s to n
Estimated
Market Value.
$250,000
Estimated
Market Value.
Amount Invested.
$290,000 00 $283,468 75
250
[Pub. Doc.
REPORT OF THE
Hampden Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
Rate.
Amount.
Rate.
$115,000 00
50,000 00
4 per cent.
4^
$415,000 00
1,422,580 00
4£ per cent.
5
Amount.
$ 2 0 ,0 0 0
Rate.
00
6
per cent.
Value, by books, of real estate, held or owned by foreclosure or other
$57,673 32
wise....................................................................................................................
31,800 00
Assessed value of the sa m e ,.............................................................................
296 73
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 296
417,980 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................330
46,720 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
145,726 05
during year ending Oct. 31, 1 9 0 1 , ............................................................
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 f 1| per cent., $55,135 31 ) 110,722 05
during the year ending Oct. 31, 1901, .
i If per cent.,
55,586 74 i
Number of accounts opened during the year ending Oct. 31, 1901,
1,101
Number of accounts closed during the year ending Oct. 31, 1901,
1,003
.
.
.
.
6,301
Total number of open accounts Oct 31, 1901,
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
9,671 17
Amount of deposits, not including dividends, received during the year
539,821 98
ending Oct. 31, 1901..........................................................................................
Number of s a m e ,..................................................................................... 5,201
Amount of withdrawals, including dividends, during the year ending
627,633 60
Oct. 3 1 , 1 9 0 1 , .............................................................................
Number of same...........................................................................................5,024
Date of examination by commissioner: May 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
251
SAVINGS BANK COMMISSIONERS.
H A V E R H IL L S A V IN G S B A N K — H A V E R H IL L .
Incorporated Feb. 8 , 1828. Present number of corporators, 41.
E l b r id g e
G.
W ood,
President.
Treasurer.
R aym ond N oyes,
R aym ond N oyes,
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
E l b r id g e
G.
W ood,
Joh n
L.
H ob so n ,
D ud ley Porter.
Open for business every business day except Saturdays, 9 a . m . to 2 p . m . ;
Saturdays, 9 a . m to 12.30 p . m .
Balance
Sh eet
Oct.
31, 1901.
L ia b ilit 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 bonds,
Loans on railroad stock, .
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Deposits in banks, on interest, .
Expense account,
Real estate expense account,
Insurance and taxes paid, .
Bank stock,*
.
.
.
.
Cash on hand, . . .
.
$624,500
356,358
19.200
1,474,645
25.000
83.200
00
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
Suspense account, .
$5,577,721 32
280,000 0 0
6,556 89
74,946 67
30 00
1,057 42
60.000 00
29,657 39
1,206,575 00
1,848,721 00
6 ,0 0 0 00
190,824 33
55 00
37 40
2 0 60
6,283 29
9,235 29
$5,940,312 30
$5,940,312 30
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, B o s t o n , ................................................... $16,227 26
First National Bank, Haverhill,....................................................................
20,000
Haverhill National Bank, Haverhill,............................................................
58,597
Haverhill Safe Deposit and Trust Company, Haverhill, .
.
.
.
30,000
Merchants National Bank, Haverhill,............................................................
31,000
Merrimac National Bank, Haverhill,............................................................
35,000
00
07
00
00
00
Loans on Bank Stock, amount on each: —
25 shares Amesbury National Bank, Amesbury....................................... $2,000 00
24 shares Beacon Trust Company, Boston,...................................................
1,500 00
25 shares Beacon Trust Company, Boston,...................................................
2,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
252
4
Haverhill Savings Bank — Continued.
$1,700
25 shares Beacon Trust Company, Boston,..................................
10 shares Second National Bank, Haverhill,
.
.
.
.
10 shares Second National Bank, Haverhill,
.
. . .
30 shares Second National Bank, Haverhill,
. . .
.
40 shares Haverhill Safe Deposit and Trust Company, Haverhill,
10 shares Second National Bank, Haverhill,
. . .
.
10 shares Merrimac National Bank, Haverhill, . . .
.
9 shares National Bank of the Republic, Boston,
25 shares Somerville National Bank, Somerville,
5 shares Merrimac National Bank, Haverhill, . . .
.
5 shares Second National Bank, Haverhill,
.
. . .
00
1,000 00
1,000 00
3,000 00
000 00
4,000 00
Loan on Railroad Bonds : —
$25,000 Boston & Maine R.R. .........................................................................$25,000 00
Loans on Railroad Stock, amount on each : —
shares Boston & Maine R . R . , ............................................................$8,200 00
178 shares Boston & Maine R.R......................................................................
25,000 00
350 shares New York, New Haven & Hartford R.R.,
.
.
.
.i
^ ^ ^
50 shares Boston, Revere Beach & Lynn R . R . , .................................. j
’
66
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 Dayton, Ohio. 4 s ,.
of Detroit, Mich , 4s,
of Fall River, Mass., 5s, .
of Fall River, Mass , 6s, .
of Haverhill, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 5s, .
of Manchester, N. H., 4 s,.
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
of Newton, Mass., 4s,
of Pawtucket, R. I., 4s, .
of Wilkes-Barre, Pa., 3£s,
Town of Bradford, Mass., 4s, .
of Bradford, Mass., 4£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
75,000
100,000
25,000
25,000
25,000
50,000
20,000
1,000
10,000
57,000
5,000
70,000
10,000
10,000
45,000
25,000
21,500
25,000
5,000
$624,500
*
Estimated
Market Value.
$21,400
83,625
110,000
27,125
27,250
25,500
55,750
22,100
1,095
10,137
63,555
5,250
76,606
11,137
10,400
49,106
26,250
22,365
25,937
5,300
00
00
00
00
00
00
00
00
00
50
00
00
25
50
00
25
00
00
50
00
$679,890 00
Legal investments when made.
Amount Invested.
$20,000 00
75,000 00
100,000 00
25,000 00*
25,000 00
25,000 00
50,000 00
20,000 00
1,000 00
10,000 00
57,000 00
5,000 00
70,000 00
10,000 00
10,000 00
45,000 00
25,000 00*
21,500 00
25,000 00
5,000 00
$624,500 00
No. 8.]
SAYINGS BANK COMMISSIONERS
25a
Haverhill Savings Bank — Continued.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
16
200
136
50
100
50
100
50
187
100
50
254
225
150
150
133
400
33
150
75
100
100
100
30
100
96
375
300
50
Par Value.
Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Fourth Nat’l Bank, Boston,
Manufacturers N’l B’k,Boston,
Merchants Nat'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,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,.
First National Bank, Chelsea,.
Essex Nat’l Bank, Haverhill, .
First Nat’l Bank, Haverhill, .
Haverhill N’l Bank, Haverhill,
Merrimack N’l B’k, Haverhill,
Bay State N’l Bank, Lawrence,
$1,600
20,000
3,128
5,000
10,000
5,000
10,000
5,000
18,700
_
5,000
25,400
22,500
-
15,000
13.300
40,000
3,300
-
7,500
10,000
10,000
10,000
3,000
10,000
9,600
37,500
30,000
3,750
$334,278
*
Estimated
Market Value
$1,760
21,400
680
5,900
15,000
7,500
13,000
8,750
23,375
300
8,750
31,750
33,975
750
21,000
16,492
80,000
3,432
150
11,250
11,100
11,500
10,600
3,000
7,500
14,400
58,125
45,000
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
00
00
00
Amount Invested.
$1,600 00
20,000 00
3,128 00
5,000 00
14,000 00
5,000 00
10,000 00
5,000 00
18,700 00
5,000 00
25,400 00
22,500 00
_
15,000 00
13,300 00
58,080 00
3,300 00
_
7,500 00
10,000 00
10,000 00
10,000 00
3,000 00
10,000 00
9,600 00
37,500 00
30,000 00
3,750 00
$472,189 00 $356,358 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Boston & Providence R.R. 4s,
Chicago, Burlington & Quincy
R.R. 3 è s , ..................................
Chicago, Burlington & Quincy
R.R. 4 s , ..................................
Concord & Montreal R.R. 4s,
Dexter & Piscataquis R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$64,000 00
133,000 00
150,000 00
$67,142 50
166,915 00
163,500 00
$64,000 00
133,000 00
150,000 00
25,000 00
25,500 00
25,000 00
50,000 00
75,000 00
15,000 00
54,750 00
82,218 75
16,668 75
50,000 00
75,000 00
15,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
255
Haverhill Savings Bank — Concluded.
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 1 , ............................................................
Times for the dividends fixed by the by-laws: third Wednesday in April
and October; payable on the fourth Wednesday in April and October.
Rate and amount of eachsemi-annual dividend ( 1| per cent., $93,952 01 1
during the year ending Oct.31, 1901, .
. 1 I f percent.,
94,001 64 J
Number of accounts opened during the year ending Oct. 31, 1901,
1,367
Number of accounts closed during the year ending Oct. 31, 1901,
1,255
Total number of open accounts Oct. 31, 1901,
.
.
.
.
15,239
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of same........................................................................................ 10,995
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,....................................................................................10,933
Date of examination by commissioner: October 25.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$16,283 29
252,308 83
187,953 65
8,873 69
616,072
00
795,708 78
REPORT OF THE
256
[Pub. Doc
H A Y D E N V IL L E S A V IN G S B A N E — H A Y D E N V IL L E .
Incorporated March 17, 1869.
C. D.
President.
W a it e ,
H enry
C.
Sm it h ,
Present number of corporators, 44.
W i l b u r M. P u r r i n g t o n , Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds:
W il b u r M . P u r r in g t o n ,
B y r o n L o o m is ,
W il s o n D e w e y ,
H enry L. G raves,
*
T.
G eorge M a r k s ,
P . L a r k in .
Open for business every business day except Saturdays, 9 a . m . to 4 p . m . ; Saturdays».
9 a . m . to 12 M.
Balance
Sh e e t
Oct.
.
A ssets .
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 tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Insurance and tax account,
Furniture and fixtures,
Suspense account,
Cash on hand, .
.
.
.
31,1901.
$41,595
14,000
39,575
8,424
275,468
32,798
1,553
1,435
12,542
573
288
4,100
3,190
1,294
87
00
00
74
85
96
L ia b il it ie s .
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Due on mortgage
loans, .
$414,649 1&
19,250 00
2,115 66
365 98
460 27
34
01
72
69
80
00
00
08
$436,841 06
$436,841 06
Cash on Deposit in Banks, amount in each: —
Northampton National Bank, N orth am pton ,........................................... $2,542 72
Hampshire County National Bank, Northampton, .
.
.
.
.
10,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.J
257
SAYINGS BANK COMMISSIONERS.
Haydenville Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
46
33
21
25
25
25
42
40
9
10
10
25
Par Value.
Conway N atl Bank, Conway,.
Danbury N’l B’k, Danbury, Ct.,
First N’l Bank, Easthampton,.
City National Bank, Holyoke, .
Home Natl Bank, Holyoke, .
Park National Bank, Holyoke,
First Natl Bank, Northampton,
Hampshire County National
Bank, Northampton,
Northampton National Bank,
Northampton,
Chicopee N l B’k, Springfield,
First National B’k, 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
3,630
2,100
2,875
2,875
3,750
5,250
00
00
00
00
00
00
00
Amount Invested,
$5,380
5,250
2,100
2,625
2,500
3,750
6,300
00
50
00
50
00
00
00
4,000
4,000 00
5,000 00
900
1,000
1,000
1,800 00
1,500 00
1,050 00
2,100 00
1,700 00
1,450 00
2,500
2,500 00
3,439 87
$31,100
$35,930 00
$41,595 87
Detailed Statement o f Railroad Bonds.
Par Value.
Illinois Central R.R. 3Js, .
Maine Central R.R. 4s,
Estimated
Market Value.
Amount Invested.
$1.0,000
4,000
$10,200 00
4,200 00
$10,000 00
4,000 00
$14,000
$14,400 00
$14,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$35,000
Estimated
Market Value.
$40,600 00
Amount Invested.
$39,575 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$2,542 72
1 0 ,0 0 0 00
Kate.
Amount.
Kate.
3 per cent.
4
“
$168,498 34
5 per cent.
P jl
i(
d4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2 ,0 0 0 00
Rate.
Amount.
$34,050 11
106,707 71
per cent.
6
258
REPORT OF THE
[Pub. Doc.
Haydenville Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$8,424 74
Assessed value of the same.................................................................................
7,300 00
Number of loans which are of an amount not exceeding $3,000 each, 412
Aggregate amount of the s a m e , ....................................................................
241,056 16
Total number of loans upon real e s t a t e , ...........................................282
Amount of investments from which no income is received, .
.
.
.
2,860 36
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
19,249 26
Times for the dividends fixed by the by-laws : second Tuesday in Janu
ary and July; payable on same days.
Rate and amount of each semi-annual dividend f 1 | per cent.,
$7,116 97 |
14,187 23
during the year ending Oct. 31, 1901,
.
1 1| per cent.,
7,070 26 J
Number of accounts opened during the yearendingOct. 31, 1901,
. 159
Number of accounts closed during the year ending Oct. 31, 1901,
. 132
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,284
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)................................................................................................
2,067 84
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
74,890 72
Number of s a m e ,.................................................................... 1,044
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
89,532 38
Number of s a m e ,..................................................................................984
Date of examination by commissioner: February 28.
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
259
H IN GrHAM 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.
E nos L o r i n g ,
Present number of corporators, .54.
President.
H ow ard
P.
H ersey,
H o w a r d P. H e r s e y , Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
E nos L o r in g ,
E dmund H e r se y , 2d ,
F r a n c i s H . L in c o l n ,
W m . F e a r in g , 2 d .
Open for business every business day except Saturdays,
Saturdays, 8 a . m . to 12 m .
Balance
Sh e e t
Oct.
8 a .m .
to 12 m . ; 1 to 4 p . m . ;
31,1901.
A ssets .
L ia b ilit ie s .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Bailroad 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,
Lawrence Duck Co. stock,*
Cash on hand, .
.
.
.
$92,900
42,270
1,700
422,200
114,000
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$2,447,222 95
122,105 00
40,745 85
23,085 27
2,103 04
2 ,0 0 0 00
55,240 00
1,232,965 26
560,829 45
58.000 00
100 0 0
27,244
4,613
1,486
17.000
2,713
03
62
16
00
59
$2,635,262 11
$2,635,262 11
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
National Webster Bank, Boston,.................................................................... $ 1,613 62
Shoe and Leather National Bank, Boston,...................................................
3,125 82
Hingham National Bank, Hingham ,............................................................
27,118 21
Loan on Bank Stock: —
25 shares Fourth National Bank, B oston,................................................... $ 1,700 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
260
Hingham Institution for Sayings — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3^s, .
.
.
.
City of Fall River, Mass., 3£s,.
of Kansas City, Mo., 4^s,.
of Lynn, Mass., 4s, .
of Medford, Mass., 4s,
of Quincy, Mass., 3£s,
of St. Joseph, Mo., 3£s, .
Town of Belmont, Mass , 3£s, .
of Melrose, Mass., 4s, .
Estimated
Market Value.
$10,000
10,000
15,000
10,000
5,000
9,000
20,000
10,000
3,000
$11,000
10,300
16,800
10,650
5,312
9,315
20,400
10,450
3,120
$92,000
$97,347 50
00
00
00
00
50
00
00
00
00
Amount Invested.
$10,900
10,000
15,000
10,000
5,000
9,000
20,000
10,000
3,000
00
00
00
00
00
00
00
00
00
$92,900 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
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 Nat’l Webster Bank, Boston, .
12 New England N’l B’k, Boston,
35 Shoe & Leather 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,
$7,500
800
2,400
7,500
-
4,000
1,200
3,500
2,500
2,000
2,300
8,900
1,400
$44,000
Estimated
Market Value.
$8,025
1,400
3,024
11,325
270
4,160
1,728
5,250
500
2,360
2,300
9,078
1,092
00
00
00
00
00
00
00
00
00
00
00
00
00
$50,512 00
Amount Invested.
$7,500
800
2,400
7,500
270
4,000
1,200
3,500
500
2,000
2,300
8,900
1,400
00
00
00
00
00
00
00
00
00
00
00
00
00
$42,270 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Burlington & Missouri River R.R.
6 s ,....................................................
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$10,000
$10,600 00
$10,000 00
30,000
30,000
25,000
35,850 00
30,450 00
26,000 00
35,560 00
30,000 00
25,000 00
No. 8.]
SAVINGS BANK COMMISSIONERS
261
Hingham Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds— Concluded.
Par Value.
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3ès,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3ès,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Minnesota & Iowa R.R. 3às,
New York, New Haven & Hartford
R.R. 3 è s , ..................................
New York, New Haven & Hartford
R.R 4 s ,...........................................
Old Colony R.R. 4s, .
Rumford Falls & Rangeley Lakes
R.R. o s ,...........................................
Upper Coos R.R. 4£s,
$10,000
6,000
5,000
25,000
25,000
45,000
18,000
25,000
Estimated
Market Value.
$11,000
6,720
5,150
28,000
25,250
50,850
19,080
25,625
00
00
00
00
00
00
00
00
Amount Invested.
$10,950
6,000
5,000
25,000
25,000
49,975
18,490
25,000
00
00
00
00
00
00
00
00
40,000
42,000 00
41,700 00
10,000
25,000
11,650 00
27,875 00
11,750 00
28,375 00
25,000
40,000
30,000 00
46,000 00
29,000 00
45,400 00
$394,000 $432,100 00 $422,200 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$100,000
Estimated
Amount Invested.
Market Value.
$116,000 00 $114,000 00
Total Amount o f Loans, with Each Specified Bate of Interest.
Amount.
$27,244 03
61,152 95
62,000 0 0
405,055 00
Rate.
2
3h
3|
4
per cent.
“
“
“
Amount.
$52,000
25.000
405,850
25.000
Kate.
00
00
00
00
44 per cent.
4|
“
4i
“
4|
Amount.
$684,467
48,274
77,865
6,930
Rate.
26
00
50
00
5 per cent.
H
“
“
7
“
6
Amount invested in real estate for banking purposes,..........................................$2,000 00
3,000 00
Estimated value of the s a m e , ....................................................................
Assessed value of the sam e,.............................................................................
2,500 00
Value, by books, of other real estate, held or owned by foreclosure or
otherwise............................................................................................................
55,240 00
Assessed value of the same.................................................................................
66,770 00
Number of loans which are of an amount not exceeding $3,000 each, 367
Aggregate amount of the same...........................................................................
434,196 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
262
REPORT OF THE
[Pub. Doc
Hingham Institution for Savings — Concluded.
Total number of loans upon real e s t a t e , ...........................................467
Amount of investments from which no income is received.............................
$29,022 95
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ...........................................................
115,817 00
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 f 2 per cent., $47,777 20 1
95,605 46
during the year ending Oct. 31, 1901,.
. 1 2 per cent., 47,828 26 I
Number of accounts opened during the year ending Oct. 31, 1901,
. 437
Number of accounts closed during the year ending Oct. 31, 1901,
. 371
Total number of open accounts Oct. 31,1901,
.
.
.
.
4,940
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)................................................................................................
5,825 39
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
198,899 12
Number of s a m e ,............................................................................ 2,168
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901..................................................................................................
285,491 77
Number of same..................................................................................2,715
Date of examination by commissioner: June 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
263
SAVINGS BANK COMMISSIONERS
H O LL IST O N SA V IN G S B A N K — H O LL IST O N .
Incorporated Feb. 27, 1872.
Present number of corporators, 52.
G e o r g e A. B a r t l e t t , President.
O r r i n T h o m so n , Treasurer.
O r r in T h o m so n , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
G e o r g e A. B a r t l e t t ,
U r ie l Cu t l e r ,
Ja m e s H . L e l a n d ,
W i l l i a m D a n ie l s ,
J o se p h H . D e w i n g .
Open for business every business day except Saturdays, 9 a . m . to 12
p . m . ; Saturdays, 9 a .m . to 12 m .
Balance
Sh eet
O ct.
m .;
1.30 to 3.30
31,1901.
L ia b ilit 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 (for banking purp o s e s ) ,..................................
Real estate bv foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n otes),..................................
Deposits in banks, on interest, .
Deposit in bank, noton interest,
Tax account,
. . . .
Insurance account,
Notes receivable,*
Furniture and safe, .
Cash on hand, .
.
.
.
$9,500
21,777
1,300
23,000
00
50
00
00
5,500
9,130
220,364
27,919
00
00
00
50
29,710
30,166
5,836
442
123
135
258
4,766
00
23
93
59
00
00
22
46
Deposits, .
Guaranty fund,
Interest account,
Surplus account,
$389,929 43
$343,787 64
17,400 00
16,741 79
1 2 ,0 0 0 00
$389,929 43
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston,.................................................................... $15,867 45
National Bank of the Commonwealth, Boston,...........................................
14,298 78
Framingham National Bank, South Framingham,..................................
5,836 93
Loan on Bank Stock : —
35 shares Central National Bank, Boston,................................................... $1,300 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
264
Holliston Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
New Hampshire 6 s,.
County of Middlesex, Mass., 4s,
City of Milwaukee, Wis., 5s, .
of Quincy, Mass., 3is,
Town of Wayland, Mass., 4s, .
Estimated
Market Value.
$2,500
1,000
4.000
1.000
1,000
$2,525
1.005
4,320
1.005
1.005
00
00
00
00
00
$9,500
$9,860 00
Amount Invested.
$2,500
1,000
4.000
1.000
1,000
00
00
00
00
00
$9,500 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
5
34
25
24
30
30
60
15
20
24
Estimated
Par Value.
Blackstone Nat’l Bank, Boston,
N’l B’k of the Commonwealth,
Boston,..................................
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Home National B’k, Brockton,
Franklin Nat’l Bank, Franklin,
Holliston N’l Bank, Holliston,
Peoples N’l B’k, Marlborough,
Blue Hill Nat’l Bank, Milton,.
Framingham National Bank,
South Framingham,
$115
Market Value.
$25 00
00
00
00
00
00
00
00
00
Amount Invested.
$115 00
3,400
2,500
2,400
3,000
3,000
1,500
1,500
2,000
6,664
3,750
2,664
5,250
3,510
600
1,725
2,600
3,400
2,462
2,400
3,000
3,000
1,500
1,500
2,000
00
50
00
00
00
00
00
00
2,400
3,600 00
2,400 00
$21,815
$30,388 00
$21,777 50
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,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
4,000
4,000
10,000
$23,000
Estimated
Market Value.
$5,250
4,080
4,200
10,725
00
00
00
00
$24,255 00
Amount Invested.
$5,000
4,000
4,000
10,000
00
00
00
00
$23,000 00
No. 8.]
265
SAYINGS BANK COMMISSIONERS.
Holliston Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$ 8 ,1 0 2 00
30,166 23
16,900 00
Rate.
per cent.
“
3h
“
0
2
Amount.
$2 ,0 0 0 00
10,810 00
86,300 00
Kate.
3| per cent.
4
5
“
Amount.
$17,100 00
138,351 50
Rate.
5£ per cent.
“
6
Amount invested in real estate for banking purposes,.................................. $5,500 00
Estimated value of the s a m e , ....................................................................
6,300
Assessed value of the sa m e ,............................................................................
6,300
Net income received from same during year ending Oct. 31, 1901,
.
.
216
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
9,130
Assessed value of the sa m e ,.............................................................................
12,840
Number of loans which are of an amount not exceeding $3,000 each, 321
Aggregate amount of the s a m e , ....................................................................
228,461
Total number of loans upon real e s t a t e , ...........................................268
Amount of investments from which no income is received,.
.
.
.
9,582
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
17,939
Times for the dividends fixed by the by-laws: first Tuesday in June and
December; payable on same days.
Rate and amount of each semi-annual dividend J 2 per cent.,
$6,690 52 | ^ ggg
during the year ending Oct. 31, 1901,
.
I 2 per cent.,
6,595 76 J
’
Number of accounts opened during the year ending Oct. 31,1901,
. 112
Number of accounts closed during the year ending Oct. 31, 1901,
. 121
Total number of open accounts Oct. 31,1901..................................
1,066
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
2,258
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
58,465
Number of s a m e ,.................................................................................... 759
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
75,961
Number of s a m e ,.............................................................................1,061
Date of examination by commissioner: April 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
27
00
00
50
00
84
28
70
90
04
[Pub. Doc.
REPORT OF THE
266
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, 71.
G e o r g e W . P r e n t is s , President.
C. W . J o h n so n , Treasurer.
A. G . M a g n a , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
G e o r g e W . P r e n t is s ,
R obert R u sse ll,
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
7 to 8 p . m . ; Saturdays, 9 a . m . to 12 m .
B alance
Sh eet
O ct.
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,
Premium account,
Furniture and fixtures,
Cash on hand, .
.
.
.
p .m .
; Thursdays,
31,1901.
L ia b ilit ie s .
$690,100
253,060
3.000
1,023,000
18,677
1,710,335
290,585
00
00
00
00
225,000
900
195,604
3,261
37,320
4.000
46,941
00
00
96
57
00
00
05
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$4,243,110 96
174,000 00
76,547 59
8,126 03
00
00
$4,501,784 58
$4,501,784 58
Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston,...........................................$25,496 99
City National Bank, H o ly o k e ,....................................................................
25,015
Holyoke National Bank, H o l y o k e ,............................................................
74,524
Home National Bank, Holyoke,....................................................................
10,000
Northampton National Bank, N orth am pton ,..........................................
15,082
Hampshire County National Bank, Northampton,..................................
5,000
First National Bank, Northampton................................................................
10,000
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
20,485
Ware National Bank, W a r e , ....................................................................
10,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
01
66
00
47
00
00
83
00
No. 8.]
SAVINGS BANK COMMISSIONERS.
267
Holyoke Savings Bank — 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 ly o k e ,...............................................
500 00
Detailed Statement o f Public Funds,,
Par Value.
County of Bristol, Mass., 4s, .
of Middlesex, Mass., 4s,
of Windham, Conn., 3is,
City of Akron, Ohio, 5s, .
of Auburn, Me., 5s, .
of Bangor, Me., 6s, .
of Bay City, Mich , 5s,
of Bay City, Mich , 8s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Canton, Ohio, 4 s,.
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 6s,
of Detroit, Mich , 6s,
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 Fort Wayne, Ind., 4^s,
of Grand Rapids, Mich., 5s,
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4ès,.
of Laconia, N. H., 4s,
of Lewiston, Me., 5s,
of Middletown, Conn., 4s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4£s,
of Minneapolis, Minn., 7s,
of Minneapolis, Minn., 8s,
of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of Newton, Mass., 6s,
of Northampton, Mass,, 4s,
of Portland, Me., 6s,
of Quincy, Mass., 3£s,
of Rochester, N. Y., 7s, .
of Rockford, 111., 4ès,
of Saginaw, Mich., 4s,
of Saginaw, Mich., 4£s, .
of Saginaw, Mich., 5s,
of Salem, Mass., 4s, .
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 6s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$40,000
10,000
15,000
21,000
6,000
1,000
35,500
1,500
2,000
16,000
15,000
27,000
5,000
4,000
11,000
8,000
25,000
5,000
7,000
22,000
2,000
2,000
25,000
5,000
2,000
10,000
63,000
25,000
7,000
5,000
6,000
5,000
1,000
22,500
14,000
5,000
4,000
17,500
35,500
39,000
9,600
6,000
21,000
2,000
Estimated
Market Value.
$40,200
10,750
15,000
21,420
6,270
1,080
36,150
1,775
2,100
16,550
15,550
27,700
5,050
4,400
11,900
8,125
26,125
5,500
7,600
24,500
2,050
2,100
28,250
5,300
2,400
10,750
64,400
27,700
7,000
5,750
6,720
5,050
1,075
22,500
16,000
5,000
4,160
18,500
37,000
42,900
9,775
6,036
22,450
2,020
Legal investments when made.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested,
$40,000
10,000
15,000
21,000
6,000
1,000
35,500
1,500
2,000
16,000
15,000
27,000
5,000
4,000
11,000
8,000
25,000
5,000
7,000
22,000
2,000
2,000
25,000
5,000
2,000
10,000
63,000
25,000
7,000
5,000
6,000
5,000
1,000
22,500
14,000
5,000
4,000
17,500
35,500
39,000
9,600
6,000
21,000
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
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
[Pub. Doc
REPORT OF THE
268
Holyoke Savings Bank — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.
City of St. Louis, Mo., 6s,
of Terre Haute, Ind., 6s, .
of Waterbury, Conn., 4s, .
of Youngstown, Ohio, 5s,
of Youngstown, Ohio, 6s,
Town of Exeter, N. H., 4s,
of Fairfield, Conn., 3 is ,.
of Monson, Mass., 4s,
of Wellesley, Mass., 4s,
of Winthrop, Mass., 5 s,.
$39,000
10,000
4.000
2.000
4.000
2.000
9.000
4.000
4.000
1.000
$690,100
Estimated
Market Value.
$42,475
11,025
4,075
2,050
4,200
2,000
9,250
4.040
4,020
1.040
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$39,000
10,000
4,000
2,000
4.000
2.000
9.000
4.000
4.000
1.000
00
00
00
00
00
00
00*
00
00
00
$726,806 00 $690,100 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
First Nat’l Bank, Adams,
Greylock Nat’l Bank, Adams,.
First Nat’l Bank, Amherst,
Miller’s River N’l B’k, Athol, .
First Nat’ l 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. N’l B’k, Greenfield,
First Nat’l Bank, Haverhill, .
Merrimack N’l B’k, Haverhill,
City National Bank, H olyoke,.
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Home Nat’ l Bank, Holyoke, .
Railroad Nat’l Bank, Lowell, .
Monson Nat’ l Bank, Monson, .
First N’l B’k, Newburyport, .
First N’ l B’k, Northampton, .
Hampshire County Nat’l Bank,
Northampton,
50 Northampton National Bank,
Northampton,
38 Palmer Nat’ l Bank, Palmer, .
6 Pittsfield Nat’l B’k, Pittsfield,.
22
20
50
20
54
38
21
37
5
48
2
1
38
246
400
71
17
25
5
90
37
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$2,200
2,000
5,000
2,000
5,400
3,800
2,100
3,700
500
4,800
200
100
3,800
24,600
40,000
7,100
1,700
2,500
500
9,000
Estimated
Market Value.
Amount Invested.
$2,200 00
$2,750 00
2,000 00
3,500 00
5,000 00
7,500 00
2,000 00
3,300 00
6,700 00
7,020 00
3,800 00
3,800 00
2,100 00
2,100 00
3,700 00
4,995 00
500 00
750 00
4,800 00
4,896 00
200 00
300 00
100 00
155 00
3,790 00
4,370 00
31,980 00 . 30,750 00
41,800 00
60,000 00
7,100 00
8,165 00
1,700 00
2,125 00
2,500 00
3,125 00
500 00
625 00
11,070 00
11,250 00
3,700
3,700 00
3,700 00
5,000
3,800
600
10,000 00
3,800 00
918 00
8,900 00
3,800 00
570 00
No. 8.]
SAYINGS BANK COMMISSIONERS
269
Holyoke Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
30
117
15
178
30
50
25
215
97
26
4
50
Par Value.
Agawam ISTI B’k, Springfield,
Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.
Second N’l B’k, Springfield, .
Springfield Nat’l B’k, Spring..................................
field,
Third Nat’l Bank, Springfield,
Townsend N’l B’k, Townsend,
Ware Nat’l Bank, W are,.
First Nat’l Bank, Westfield, .
First Nat’l Bank, Worcester, .
$3,000
11,700
1,500
17,800
3,000
5,000
2,500
21,500
9,700
2,600
400
5,000
Estimated
Market Value.
$3,000
17,550
2,130
18,690
00
00
00
00
3,000 00
6,500 00
4,750
47,300
11,610
2,756
520
9,500
00
00
00
00
00
00
$217,800 $308,460 00
Amount Invested.
$3,000
15,300
1,500
18,690
00
00
00
00
3,150 00
6,500 00
2,500
33,500
11,640
2,600
400
5,000
00
00
00
00
00
00
$253,060 00
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Boston, Concord & Montreal R.R. 6s,
Boston, Winthrop & Shore R.R. 5 s ,.
Boyer Valley R.R. 3£s,
Chic., Burlington & Quincy R.R. 3^s,
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. 4s...............................
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R. 6s,
Holyoke & Westfield R.R. 4s, .
Illinois Central R R. 3£s, .
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R 7s,
.
.
.
.
Maine Central R.R. 7s,
Michigan Central R.R. 5s,
Michigan Central R.R. 7s,
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Market Value.
Amount Invested.
$42,000
24,000
11,000
25,000
20,000
50,000
60,000
100,000
65,000
5,000
50,000
97,000
5,000
50,000
95,000
55,000
$46,000
24,600
13,100
26,500
20,200
51,000
62,000
105,000
72,400
5,200
52,600
103,400
5,800
52,250
95,900
62,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$42,000
24,000
11,000
25,000
20,000
50,000
60,000
100,000
65,000
5,000
50,000
97,000
5,000
50,000
95,000
55,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
17,000
19,000
3,000
28,000
19,700
24,500
3,000
28,500
00
00
00
00
17,000
19,000
3,000
28,000
00
00
00
00
2,000
2,100 00
2,000 00
270
ßE P O ßT OF THE
[Pub. Doc.
H o ly o k e Savings B ank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
New Haven & Northampton R.R. 5s,
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. 3às,
...................................
Ottumwa, Cedar Falls & St. P. R.R.
5s......................................................
Penobscot Shore Line R.R. 4s,
Portland & Ogdensburg R.R. 3ès, .
Syracuse, Bing. & N. Y. R R. 7s,
Vermont & Massachusetts R.R 5s, .
Vermont Valley R.R. 5s, .
Estimated
Market Value.
Amount Invested.
$2,000
$2,250 00
$2,000 00
22,000
35,000
50,000
22,800 00
37,500 00
55,000 00
22,000 00
35,000 00
50,000 00
28,000
28,980 00
28,000 00
7,000
13,000
10,000
4,000
24,000
5,000
7,600
13,900
10,000
4,500
24,400
5,500
7,000
13,000
10,000
4,000
24,000
5,000
00
00
00
00
00
00
00
00
00
00
00
00
$1,023,000 $1,088,180 00 $1,023,000 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$25,496
130,025
30.000
50.000
80.000
10,000
Kate.
99
50
00
00
00
00
2
per cent.
“
3
H
3y5
34
38/10
“
«
“
Amount.
$10,000
10,000
65,082
15.000
45.000
Kate.
00
00
47
00
00
37/20 per cent.
32/5
3è
34
4
“
“
Amount.
$15,000
110,000
1,711,035
74,785
44,000
00
00
00
00
00
Rate.
44 per cent.
H
“
5
“
5h
“
6
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$18,677 0 0
Assessed value of the s a m e ,.............................................................................
19,880 00
Net income received from same during year ending Oct. 31, 1901,
.
.
467 43
Number of loans which are of an amount not exceeding $3,000 each, 360
Aggregate amount of the s a m e , ...................................................................
474,045 00
Total number of loans upon real e s t a t e , ........................................... 438
Amount of investments from which no income is received, .
.
.
.
5,100 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
208,730 54
Times for the dividends fixed by the by-laws : third Monday in January
and July; payable on same days.
Rate and amount of each semi-annual dividend j 1| per cent., $68,509 54 1
^ 53
during the year ending Oct. 31, 1901,.
.
1 If per cent.,
69,912 99 i
’
Number of accounts opened during the year ending Oct. 31, 1901,
2,030
Number of accounts closed during the year ending Oct. 31, 1901,
1,551
Total number of open accounts Oct. 31, 1901,
.
.
.
.
10,790
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONEBS.
271
Holyoke Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... $9,03178
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
832,717 00
Number of s a m e ,............................................................................ 16,692
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
812,483 79
Number of s a m e ,............................................................................ 10,994
Date of examination by commissioner : February 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
272
[Pub. Doc
HOM E S A V IN G S B A N K — BOSTON.
Incorporated March 17, 1869.
Present number of corporators, 40.
C h a r l e s H . A l l e n , President.
C h a r l e s J. H a y d e n , Treasurer.
C h a r l e s J. H a y d e n , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
Ch arles H . A ll e n ,
H e n r y C. J a c k s o n ,
A l b e r t T . W h it in g ,
N ew ton T alb o t,
T h o m a s F. T e m p l e ,
E d w ar d H . D unn.
Open for business every business day, 9 a . m . to 2 p . m .
Balance
Sh eet
Oct.
31, 1901. .
L ia b ilit 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, .
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).......................................
Deposits in banks, on interest, .
Expense account,
Suspense account,
Notes receivable,*
Cash on hand, .
.
.
.
$108,375
25.000
222,018
13,800
583,500
4,500
15.000
30.000
2,700
4,518,200
2,880,188
00
00
00
00
00
00
00
00
00
27
113,110
277,637
1,531
75
4,801
5,736
93
92
22
82
00
24
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
$8,265,647 44
412,000 00
66,658 84
61,518 12
350 00
$8,806,174 40
$8,806,174 40
* Taken to secure indebtedness.
t
Cash on Deposit in Banks, amount in each: —
Central National Bank, B oston,....................................................................$150,000 46
Third National Bank, B o s t o n ,....................................................................
37,348 33
90,289 13
Massachusetts Loan and Trust Company, B o s t o n ,..................................
Loan on Public Funds : —
$25,000 City of Newton, Mass., 4 s , ............................................................$25,000 00
Loans on Bank Stock, amount on each: —
50 shares Wachusett National Bank, F i t c h b u r g ,.................................. $4,800 00
90 shares Atlantic National Bank, Boston,...................................................
9,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8 .]
SAYINGS BANK COMMISSIONERS.
273
H o m e Savings B ank — Continued.
Loan on Railroad Bonds : —
$5,000 Chicago, Burlington & Quincy R.R
$4,500 00
Loan on Railroad Stock: —
100 shares Boston & Albany R.R.,
$15,000 00
Detailed Statement o f Public Funds.
Estimated
Market Value.
City of Bay City, Mich , 8s,
of Brockton, Mass., 4s,
of Gloucester, Mass., 4s, .
of Lynn, Mass., 4s, .
of Northampton, Mass., 4s,
of Sioux City. Iowa, 4£s,.
of Spring-field, Mass., 7s,.
of Woburn, Mass., 4s,
Town of Hyde Park, Mass., 4s,
$4,500
1,875
27,000
25,000
4,000
1,000
3,000
31,000
$108,375
*A
$5,660
11,115
1,875
28,185
25,000
4,200
1,047
3,022
31,537
11,000
00
00
00
00
00
00
50
50
50
$4,500 00
11,000 00
1,875
27,000
25,000
4,000
00
00
00
00*
1,000 00
3,000 00
31,000 00
$111,642 50 $108,375 00
legal investment when made.
Detailed Statement o f Bank Stocks.
O$
Estimated
Market Value,
^ 5q
50
200
66
23
100
125
62
200
75
150
200
50
125
33
200
400
100
100
46
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Merchants N’l Bank, Boston, .
Mt. Vernon N’l B’k, Boston, .
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
N’l Market Bank of Brighton,
Boston,..................................
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Second National Bank, Boston,
Shoe& Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount Jtivoäiod«
$5,000
$6,100 00
$5,000 00
20,000
21,400
330
115
15,000
21,875
6,262
35,000
7,275
18,750
30,200
00
00
00
00
00
00
00
00
00
00
20,000 00
5,000
18,875
3,432
28,800
72,000
15,000
00
00
00
00
00
00
1,518
-
10,000
12,500
6,200
20,000
7,500
15,000
20,000
5,000
12,500
3,300
20,000
40,000
10,000
10,000
4,600
$223,118
418 00
_
10,000 00
12,500 00
6,200 00
20,000 00
7,500 00
15,000 00
20,000 00
5,000 00
12,500 00
3,300 00
20,000 00
40,000 00
11,100 00
10,000 00
10,000 00
5,290 00
4,600 00
$321,804 00 $222,018 00
274
REPORT OF THE
[Pub. Doc.
H om e Savings B ank — Continued.
D e ta iled S ta tem en t o f R a ilr o a d B o n d s.
Par Value.
Albany & Susquehanna R R. 6s,
Albany & Susquehanna R.R. 7s,
Chic., Burlington & Quincv R.R. 7s,
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Joliet & Northern Indiana R.R. 7 s ,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Michigan Central R.R. 5s,
Michigan Central R.R. 6s,
Michigan Central R.R. 7s,
New York Central & Hudson River
R.R. 7 s,...........................................
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4s, .
Amount Invested.
$14,000
5,000
108,000
10,000
88,000
59,000
10,000
$15,400
5,700
113,940
11,000
94,660
60,390
11,500
00
00
00
00
00
00
00
$14,000
5,000
108,000
10,000
88,000
59,000
10,000
00
00
00
00
00
00
00
75,500
15,000
15,000
50,000
87,580
15,000
17,550
50,500
00
00
00
00
75,500
15,000
15,000
50,000
00
00
00
00
48,000
5,000
66,000
15,000
49,920
5,375
72,930
17,025
00
00
00
00
48,000
5,000
66,000
15,000
00
00
00
00
$583,500
B oston
Estimated
Market Value.
$628,470 00
$583,500 00
T er m in a l C o m p a n y B o n d s.
Par Value.
Boston Terminal Company 34s,
$30,000
Estimated
Market Value.
Amount Invested.
$34,800 00
$30,000 00
Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In terest.
Kate.
Amount.
$187,348
90,289
40,000
9,846
914,456
74,818
305,000
79
13
00
00
25
75
00
2£ per cent.
3
“
34
“
38/10 “
3-4
“
3|
“
3|
“
Amount.
$80,000
55,000
1,993,189
37,413
1,144,850
1,850,251
Rate.
00
00
02
55
00
63
3£ per cent.
3%o “
4
“
4| “
44
“
44
“
Amount.
$85,000
30,000
921,300
6,200
13,500
13,775
Rate.
00
00
00
00
00
00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the same,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 157
Aggregate amount of the same.........................................................................
Total number of loans upon real estate,
.
.
.
.
.
.
435
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4| per cent.
4J “
5
“
5| “
54 “
6
$2,700 00
3,300 00
259,800 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
275
Home 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, 1901..................................................................
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., $131,006 92
during the year ending Oct. 31, 1901,
.
1 If per cent., 134,799 16
Number of accounts opened during the year ending Oct. 31, 1901, 2,640
Number of accounts closed during the year ending Oct. 31, 1901, 1,770
Total number of open accounts Oct. 31, 1901,
. . .
.
26,375
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes).............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901,.....................................................................................
Number of same.....................................................
19,912
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901....................................................................................................
Number of same,....................................................................................17,830
Date of examination by commissioner: April 17 and 18.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,801 00
372,647 74
265,806 08
25,948 51
1,773,358 48
1,619,277 55
276
REPORT OF THE
[Pub. Doc,
H O O S A C S A V IN G S B A N K — N O R T H A D A M S .
Incorporated April 19,1871. Present number of corporators, 15.
0 . A . A r c h e r , President.
H. E. W
etherbee,
W . W . R ic h m o n d , Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
S. H. F a i r f i e l d ,
W. W . B utler,
T im o t h y C o l l in s .
Open for business every business day, 9 a . m . to 4 p . m . ; also Saturdays until 6
except June, July, August, September and October, close at 4.30 p . m .
p .m
.,
B ala n c e Sh e e t O c t . 31, 1901.
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, .
.
.
.
'
L ia b ilit ie s .
$42,000
7.200
80,000
10,000
00
00
00
00
99,755
3,969
791,681
182,045
125
8,358
1,433
7,000
6.200
3,378
36
15
88
50
00
12
53
00
00
16
$1,243,146 70
Deposits, .
Guaranty fund,
Interest account,
Due on mortgage
loans, .
$1,191,426 66
26,787 39
13,303 91
11,628 74
$1,243,146 70
Cash on Deposit in Banks, amount in each : —
Adams National Bank, North A d a m s , ................................................... $5,372 96
Berkshire National Bank, North A d a m s ,...................................................
2,985 16
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS
277
H oosae Savings B ank — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
City of
of
of
of
of
of
of
of
of
Bay City, Mich., 5s,
Cleveland, Ohio, 4s,
Columbus, Ohio, 4s,
Lynn, Mass., 3Js,.
Lynn, Mass., 4s, .
Sioux City, Iowa, 4£s,.
Terre Haute, Ind., 4^s,
Waltham, Mass , 4s, .
Wilkes-Barre, Ba., ¿¿s,
Estimated
Market Value.
$ 10,000
2,000
1,000
2,000
2,000
5,000
5,000
5,000
10,000
f 12,400
2,100
1,025
2,012
2,005
5,600
5,265
5,000
10,400
$42,000
$45,807 50
00
00
00
50
00
00
00
00
00
Amount Invested.
$10,000
2,000
1,000
2,000
2,000
5,000
5,000
5,000
10,000
00
00*
00*
00
00
00*
00
00
00
$42,000 00
* Legal investments when made.
No. of
Shares.
D eta iled S ta tem en t o f B a n k Stock s.
19
53
Par Value.
Adams Nat’l Bank, No. Adams,
Berkshire N’l B’k, No. Adams,
Estimated
Market Value.
Amount Invested.
$1,900
5,300
$2,185 00
5,671 00
$1,900 00
5,300 00
$7,200
$7,856 00
$7,200 00 \
D eta iled S ta tem en t o f B a ilr o a d B o n d s.
Par Value.
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4 s,.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3ès,.
Illinois Central R.R. 4s, .
New York, New Haven & Hartford
R.R. 3 è s , ..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
15,000
5,000
25,000
5,000
Estimated
Market Value.
$10,200
15,675
5,600
25,250
5,700
00
00
00
00
00
Amount Invested.
$10,000
15,000
5,000
25,000
5,000
00
00
00
00
00
20,000
21,075 00
20,000 00
$80,000
$83,500 00
$80,000 00
278
REPORT OF THE
[Pub. Doc
Hoosae Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3és,
$10,000
Estimated
Market Value.
$11,600 00
Amount Invested.
$10,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$925,706 36
Kate.
5 per cent.
Amount.
$48,146 02
Kate.
6 per cent.
Amount.
Rate.
-
-
Amount invested in real estate for banking purposes,..................................
$99,755 36
Estimated value of the s a m e , ....................................................................
120,000 00
Assessed value of the sa m e,.............................................................................
83,500 00
Net income received from same during year ending Oct. 31, 1901,
2,416 23
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
3,969 15
Assessed value of the sam e,.............................................................................
3,375 00
Number of loans which are of an amount not exceeding $3,000 each, 375
Aggregate amount of the s a m e , ....................................................................
425,016 38
Total number of loans upon real e s t a t e , ...........................................345
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
56,512 10
Times for the dividends fixed by the by-laws: June 1 and December 1;
payable on same days.
Rate and amount of eachsemi-annualdividend f 2per cent.,
$20,477 38 )
41,926 14
during the year ending Oct.31, 1901,.
.
i2
per
cent.,21,448 76 J
Number of accounts opened during the year ending Oct. 31, 1901,
1,167
Number of accounts closed during the year ending Oct. 31, 1901,
. 906
Total number of open accounts Oct. 31, 1901..................................
4,652
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
6,005 91
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
405,980 30
Number of s a m e ,......................................................................................6,547
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
347,642^76
Number of s a m e ,..................................................................................... 4,120
Date of examination by commissioner: April 24.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS
279
H O P K IN T O N S A V IN G S B A N K — H O P K IN T O N .
Incorporated March 23, 1867- Present number of corporators, 30.
L o w e l l B . M a y b r y , President.
F red A . W
F r e d A . W o o d , Clerk of the Corporation.
Treasurer.
ood,
Names of committee charged with the investment of its funds:
L o w e l l B. M a y b r y ,
W il l ia m A . F r a i l ,
J. D a v id S tea var t .
C h a r l e s L . Cl a f l in ,
A l o n zo C o b u r n ,
M a r t in V. P h i p p s ,
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 ala n c e Sh e e t O ct . 31, 1901.
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 tes),..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
L ia b ilit ie s .
$26,000
57,471
113,843
9,451
106,555
40
00
00
75
36
04
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$340,659 01
17,703 71
17,291 81
20,800 00
15,431 35
1,000 00
897 42
19,164 61
$375,654 53
$375,654 53
Cash on Deposit in Bank : —
Hopkinton National Bank, H o p k in to n ,................................................... $16,431 35
D e ta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
Massachusetts 3is, .
.
.
.
County of Aroostook, Me., 4^s,
City of Bangor, Me., 6s, .
of Portland, Me., 6s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$10,000
5.000
5.000
6.000
$10,825
5,550
5,462
6,855
00
00
50
00
$26,000
$28,692 50
Amount Invested,
$10,000
5.000
5.000
6.000
00
00
00
00
$26,000 00
280
REPORT OF THE
[Pub. Doc.
H o p k in to n Savings B ank — Continued.
D e ta iled S ta tem en t o f B a n k Stocks.
8-. a5
O O
o 2
Par Value.
10 Greylock Nat’l Bank, Adams, .
50 Atlantic Nat’l Bank, Boston, .
61 Atlas National Bank, Boston, .
50 Colonial Nat’l Bank, Boston, .
50 Continental N’l Bank, Boston,
15 Faneuil Hall N’l B’k, Boston, .
16 Howard Nat’l Bank, Boston, .
50 N’l B’k of Redemption, Boston,
15 N ’l B’k of the Republic, Boston,
10 Nat’l Exchange Bank, Boston,
9 N’l Hide & Leather B’k, Boston,
25 National Revere Bank, Boston,
48 Nat’i Shawmut Bank, Boston,.
60 Shawmut Nat’l Bank, Boston,.
25 Franklin N’l Bank, Franklin, .
5 Natick National Bank, Natick,
54 Quinsigamond National Bank,
Worcester, .
.
.
.
20 Worcester N’l B’k, Worcester,
Estimated
Market Value.
$1,000
5,000
6,100
5,000
$1,750
6,100
6,527
7,500
250
1,950
240
6,250
2,265
1,400
1,116
75
9,600
60
2,925
600
-
1,500
1,072
5,000
1,500
1,000
900
475
4,800
—
2,500
500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$1,500
6,250
7,015
7,500
00
00
00
00
_
1,950
1,072
5,750
1,950
1,250
900
00
00
00
00
00
00
_
7,200 00
2,750 00
500 00
5,400
2,000
7,020 00
3,600 00
7,964 00
3,920 00
$43,747
$59,228 00
$57,471 00
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Estimated
Market Value.
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 7s,
Concord & Montreal R.R. 4s, .
Fitchburg R R, 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 ¿s,.
Joliet & Northern Indiana R.R. 7s, .
Maine Central R.R. 4¿s, .
Michigan Central R.R. 5s,
Michigan Central R.R. 7s,
Newport & Richford R.R. 5s, .
Portland & Rumford Falls R.R. 4s,
St. Johnsbury & Lake Champlain
R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
5,000
10,000
5,000
10,000
5,000
5,000
15,000
5,000
1,000
1,000
6,000
10,000
15,000
$10,750
11,275
5,700
10,200
5,306
10,950
5,137
4,537
15,150
5,875
1,100
1,005
6,090
10,750
16,350
6,000
$119,000
00
00
00
00
25
00
50
50
00
00
00
00
00
00
00
7,920 00
Amount Invested.
$10,000
10,000
5,000
10,000
5,306
10,000
5,000
4,537
15,000
5,000
1,000
1,000
6,000
10,000
15,000
00
00
00
00
25
00
00
50
00
00
00
00
00
00*
00
6,000 00
$128,096 25 $118,843 75
A legal investment when made.
No. 8.]
SAYINGS BANK COMMISSIONERS.
281
H opkin ton Savings B ank — Concluded.
Total Amount o f Loans, with Each Specified Bale o f Interest.
Amount.
$15,431 35
20,000 00
3,800 00
Rate.
2^ per cent.
3^
“
4
“
Amount.
$16,500 00
41,100 00
Rate.
4£ per cent.
5
“
Amount.
$9,200 00
36,795 04
Rate.
5£ per cent.
6
“
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 114
Aggregate amount of the s a m e ,....................................................................
Total number of loans upon real e s t a t e , ...........................................121
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 1 , ............................................................
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 | 2 per cent.,
$6,605 44 )
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
6,502 89 )
Number of accounts opened during the year ending Oct. 31, 1901,
. 100
Number of accounts closed during the year ending Oct. 31, 1901,
. Ill
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,106
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................................... 700
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901.....................................................................................................
Number of s a m e ,..................................................................................... 774
Date of examination by commissioner: March 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,451 36
13,654 00
171 00
73,555 04
1,471 26
16,297 89
13,108 33
2,128 36
43,897 88
55,344 06
282
REPORT OF THE
[Pub. Doc
H U D SO N S A V IN G S B A N K -H U D S O N .
Incorporated Feb. 26, 1869.
Present number of corporators, 36.
E d m u n d M . S t o w e , President.
'
D a n ie l W . S t r a t t o n , Treasurer.
F r e d 0 . W e l s h , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
E dm u nd M . St o w e ,
J o se p h S. B r a d l e y ,
G eorge B . C o ch ran ,
H enry T ow er,
J o h n H . R o b in s o n .
Open for 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 Sh e e t O ct . 31, 1901.
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,
v
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s),..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Real estate by foreclosure, rents
and expenses, .
. . .
Furniture and fixtures,
Cash on hand, .
.
.
.
L ia b ilit ie s .
$135,450 00
46,729 00
1 ,0 0 0 00
339,000 00
2 0 ,0 0 0 00
43,853
14,165
557,165
9,375
62
03
00
00
59,400
15,300
29
260
25,000
00
00
92
44
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Real estate, rents and
expenses,
$1,217,816 51
37,000 00
6,693 8 8
10,756 99
93 25
536 89
4,000 00
1,095 73
$1,272,360 63
$1,272,360 63
Cash on Deposit in Banks, amount in each: —
Old Colony Trust Company, Boston, .
Hudson National Bank, Hudson,
$5,900 24
9,429 6 8
Loans on Bank Stock, amount on each: —
8
6
shares Hudson National Bank, Hudson, .
shares National Rockland Bank, Roxbury,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$500 00
500 00
No. 8.]
283
SAYINGS BANK COMMISSIONERS
Hudson Savings Bank — Continued.
Detailed Statement o f Public Funds.
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 Wellingford, Conn., 3.65s,
$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
$135,450
Estimated
Market Value.
$11,200
5,925
22,468
5,062
5,450
4,480
4,020
5,587
5,175
16,875
5,585
11,250
11,400
12,480
10,700
10,600
00
00
75
50
00
00
00
50
00
00
75
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
$148,259 50 $135,450 00
* Legal investments when made.
Ko. of
Shares.
Detailed Statement o f Bank Stocks.
23 Blackstone N’l Bank, Boston, .
25 Merchants N’l Bank, Boston,
10 N’l B’k of Commerce, Boston,
23 N’l Hide & Leather B’k, Boston,
25 Nat’l Union Bank, Boston,
20 Nat’l Webster Bank, Boston, .
37 Old Boston N’l B’k, Boston, .
4 Shoe & Leather N’l B’k, Boston,
60 State Nat’l Bank, Boston,
30 Third National Bank, Boston, .
10 Tremont Nat’l Bank, Boston, .
52 First National Bank, Chelsea,.
75 Hudson Nat’l Bank, Hudson, .
50 National City Bank, Lynn,
50 People’s N’l B’k, Marlborough,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$529
2,500
1,000
2,300
2,500
2,000
3,700
400
6,000
3,000
500
5,200
7,500
5,000
5,000
$47,129
Estimated
Market Value.
Amount Invested
$115
4,375
1,260
2,852
3,775
2,080
3,663
600
6,660
3,180
100
5,200
9,150
7,750
5,850
$429
2,500
1,000
2,300
2,500
2,000
3,700
400
6,000
3,000
200
5,200
7,500
5,000
5,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$56,610 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$46,729 00
284
KEPOKT OF THE
[Pub. Doc
Hudson Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
$10,000
Albany & Susquehanna R.R. 6s,
15,000
Albany & Susquehanna R.R. 7s,
Bennington & Rutland R.R, 4às,
10,000
Boston & Maine R.R. 4s, .
16,000
Cedar Rapids & Missouri River R.R.
1,000
7 s ,....................................................
Chic., Burlington & Quincy R.R. 3£s,
10,000
Chicago & Northwestern R.R. 7s, .
10,000
Concord & Montreal R.R. 4s, .
10,000
5,000
Eastern R.R. 6s,
. . .
10,000
Fitchburg R.R. 4s, .
11,000
Fitchburg R.R. 5s, .
Grafton & Upton R.R. 4s,
5,000
Hannibal & St. Joseph R.R. 6s,
10,000
10,000
Illinois Central R.R. 3ès,.
Illinois Central R.R. 4s, .
30,000
Kansas City, St. Joseph & Council
15,000
Bluffs R.R. 7s..................................
19,000
Maine Central R.R. 4s,
Maine Central and European &
North American R.R. 4s,
1,000
Michigan Central R.R. 7s,
5,000
Milwaukee, Lake Shore & Western
R.R. 5 s ,...........................................
8,000
Milwaukee, Lake Shore & Western
1,000
R.R. 6s.............................................
New York & New England R.R. 6s,
10,000
New York & New England R.R. 7s,
5,000
New York, Lackawanna & Western
8,000
R.R. 6s, ...........................................
Old Colony R.R. 4s, .
10,000
Penobscot Shore Line R.R. 4 s,.
10,000
Portland & Rumford Falls R.R. 4s,.
10,000
Rochester & Northern Minnesota
6,000
R.R. 7 s ,...........................................
Rumford Falls & Rangeley Lakes
5,000
R.R. 5 s , ...........................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,........................................... • 21,000
20,000
Ti’oy & Boston R.R. 7s, .
10,000
Upper Coos R.R. 4is,
2,000
Vermont & Massachusetts R.R. 5s, .
10,000
Winona & St. Peter R.R. 7s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$339,000
Estimated
Market Value.
Amount Invested,
$11,000
17,100
11,000
18,400
00
00
00
00
$10,000
15,000
10,000
16,000
00
00
00
00
1,385
10,200
12,775
10,962
5,575
10,950
12,017
4,750
11,900
10,100
33,550
00
00
00
50
00
00
50
00
00
00
00
1,000
10,000
10,000
10,000
5,000
10,000
11,000
5,000
10,000
10,000
30,000
00
00
00
00
00
00
00
00
00
00
00
17,325 00
19,973 75
15,000 00
19,000 00
1,200 00
5,075 00
1,000 00
5,000 00
9,495 00
8,000 00
1,350 00
10,725 00
5,512 50
1,000 00
10,000 00
5,000 00
10,760
11,150
10,750
10,850
8,000
10,000
10,000
10,000
00
00
00
00
00
00
00
00
7,200 00
6,000 00
6,000 00
5,000 00
27,720
30,400
11,450
2,040
12,900
00
00
00
00
00
21,000
20,000
10,000
2,000
10,000
00
00
00
00
00
$393,541 25 $339,000 00
No. 8.]
285
SAYINGS BANK COMMISSIONERS.
H udson Savings B ank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$20,000
Estimated
Market Value.
$23,200 00
Amount Invested.
$20,000 00
Total Amount o f Loans, ivith Each Specified Rate o f Interest.
Amount.
$15,300 00
39,400 00
1 2 ,0 0 0 0 0
Kate.
2
3h
4
per cent.
“
“
Amount.
$ 8 ,0 0 0 00
272,190 00
258,665 00
Kate.
4£ per cent.
5
“
Amount.
$35,185 00
750 00
750 00
Kate.
6
7
7è
per cent.
“
Amount invested in real estate for banking purposes,.................................. $43,853 62
Estimated value of the s a m e , ....................................................................
43,853
Assessed value of the s a m e ,............................................................................
36,600
Net income received from same during year ending Oct. 31, 1901,
.
.
1,711
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,...................................................
...........................................
14,165
Assessed value of the sa m e ,.............................................................................
18,965
Number of loans which are of an amount not exceeding $3,000 each, 319
Aggregate amount of the s a m e ,....................................................................
298,245
Total number of loans upon real estate....................................................345
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
58,444
Times for the dividends fixed by the by-laws : third Wednesday in Janu
ary and July; payable on same days.
Rate and amount of each semi-annual dividend f 1| per cent., $19,305 94 1 gg g-g
during the year ending Oct. 31, 1901,
.
I 1^ per cent.,
20,044 711
’
Number of accounts opened during the year ending Oct. 31, 1901,
. 629
Number of accounts closed during the year ending Oct. 31, 1901,
. 372
Total number of open accounts Oct. 31, 1901,
.
.
.
.
3,792
>
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... 2,617 09
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
220,875
Number of same................................................................................. 3,946
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
189,030
.
.
.
2,237
Number of s a m e ,...................................................
Date of examination by commissioner: January 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
62
00
37
03
00
00
69
00
89
k
REPORT OF THE
286
[Pub. Doc
H Y D E P A R K S A V IN G S B A N K — H Y D E PA R K .
Incorporated March 8 , 1871.
Present number of corporators, 27.
A r t h u r H . B u r t , Treasurer.
H . B u r t , Clerk of the Corporation.
R o b e r t B l e a k i e , President.
A rthur
Names of committee charged with the investment of its funds:
R obert B l e a k ie ,
W i l l i a m J. S t u a r t ,
H e n r y S. B u n t o n ,
D a v id P e r k in s ,
F r e d e r ic k N. T i r r e l l .
Open for business every business day, 11 a . m . to 4 p . m . ; also Saturdays,
6
to 8
p .m .
B ala n c e S h eet O ct . 31, 1901.
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
(notes).......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
L ia b ilit ie s .
$ 1 ,0 0 0 00
23,400 00
1 2 1 ,0 0 0 00
17,000 00
6,164 88
391,828 94
179,100 00
45,000
77,252
796
4,310
00
10
46
30
$866,852
68
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Due on mortgage
loans, .
$792,215 72
36,272 62
14,028 13
22,421 19
1,915 02
$866,852
68
Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston, .
Colonial National Bank, Boston, .
National Shawmut Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
$24,094 47
32,187 16
20,970 47
No. 8.]
287
SAYINGS BANK COMMISSIONERS
Hyde Park Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Town of Hyde Park, Mass., 4s,
$1,000
Estimated
Market Value.
$1,002 50
Amount Invested.
$1,000 00
Detailed Statement o f Bank' Stocks.
©. u
a
O
'¿i ai
65
8
20
31
20
19
13
11
6
27
14
Par Value.
Colonial Nat’l Bank, Boston, .
Freemans Nat’l B’k, Boston, .
Merchants Nat’l Bk, 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 B’k, Boston, .
N’l Hide & Leather B’k, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
First Nat’l B’k, Newburyport,
$6,500
800
2,000
3,100
2,000
1,900
1,300
1,100
600
2,700
1,400
$23,400
Estimated
Market Value.
$9,750
808
3,500
3,906
2,500
2,869
1,820
1,364
1,080
2,997
1,750
00
00
00
00
00
00
00
00
00
00
00
$32,344 00
Amount Invested.
$6,500
800
2,000
3,100
2,000
1,900
1,300
1,100
600
2,700
1,400
00
00
00
00
00
00
00
00
00
00
00
$23,400 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,.
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 7s,
Michigan 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. 7 s , ..................................
St. Johnsbury & Lake Champlain
R.R. 5s, .
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
5,000
8,000
1,000
29,000
11,000
5,000
6,000
6,000
18,000
10,000
1,000
5,000
$121,000
Estimated
Market Value.
$11,770
5,750
5,300
8,880
1,020
37,700
11,110
5,362
6,630
00
00
00
00
00
00
00
50
00
6,240 00
23,940
10,700
1,020
5,625
00
00
00
00
$141,047 50
Amount Invested.
$11,000
5,000
5,000
8,000
1,000
29,000
11,000
5,000
6,000
00
00
00
00
00
00
00
00
00
6,000 00
18,000
10,000
1,000
5,000
00
00
00
00
$121,000 00
288
REPORT OF THE
[Pub. Doc.
Hyde Park Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.
$77,252 10
45.000 00
46.000 00
Rate.
2 per cent.
4
“
4h
Amount.
$25,000 00
280,045 00
Rate.
4| per cent.
5
“
Amount.
$37,250 00
182,633 94
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 sam e,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
Assessed value of the sa m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 182
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................194
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 1 , ............................................................
Times for the dividends fixed by the by-laws: January 1 and July 1; pay
able January 15 and July 15.
Rate and amount of eachsemi-annualdividend J 2 per cent., $12,836 0 2 )
during the year ending Oct. 31, 1901, .
. 1 2 per cent.,
13,616 13 i
Number of accounts opened during the year ending Oct. 31, 1901,
. 745
Number of accounts closed during the year ending Oct. 31, 1901,
. 540
Total number of open accounts Oct. 31, 1901,
.
.
.
.
3,953
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................................... 6,502
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901..............................................................................................
Number of s a m e ,..................................................................................... 4,284
Date of examination by commissioner: January 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
“
$17,000 00
20,000 00
21,000 00
6,164 88
6,750 00
270,028 94
1,162 46
37,847
68
26,452 15
2,452 30
267,333 89
207,634 65
No. 8.]
289
SAVINGS BANK COMMISSIONERS
IN S T IT U T IO N FOR SA V IN G S IN N E W B U R Y P O R T A N D
ITS V IC IN IT Y — N E W B U R Y P O R T .
Incorporated Jan. 31, 1820. Present number of corporators, 80.
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 v e r y , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
H e n r y B. L i t t l e ,
L a w r e n c e B. C u s h in g ,
Sam uel M ar ch ,
G eorge W . P ip e r ,
E l is h a P . D o d g e .
Open for business every business day, 8.30 a . m . to 2 p . m .
B ala n c e Sh e e t O ct . 31, 1901.
L ia b il it ie s .
A ssets .
Public fiyids, as per schedule, . $1,257,815 00
Bank stock as per schedule,
631,533 00
7,500 00
Loans on bank stock,
1,260,000 00
Railroad bonds as per schedule,
Real estate (for banking pur10,000 00
p o s e s ) ,..................................
13,699 66
Real estate by foreclosure,
1,889,734 00
Loans on real estate, .
1,528,648 50
Loans on personal security,
Loans to counties, cities or towns
76,900 00
(notes), ..................................
166,681 04
Deposits in banks, on interest, .
1,723 09
Cash on hand, .
. . .
$6,844,234 29
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Premium account, •
$6,465,818 24
318,000 00
2,004 01
38,158 58
20,253 46
$6,844,234 29
Cash on Deposit in Banks, amount in each: —
Powow River National Bank, Amesbury,................................................... $25,000 00
National Bank of Redemption, B o s t o n , ...................................................
61,269
First National Bank, Newburyport,............................................................
43,702
Merchants National Bank, Newburyport,...................................................
10,000
Ocean National Bank, Newburyport,............................................................
26,709
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
13
77
00
14
[Pub. Doc
REPORT OF THE
290
Institution for Savings in Newburyport, etc. — Continued.
Loans on Bank Stock, amount on each: —
50 shares Martha’s Vineyard National Bank, Edgartown, Mass.,
.
.
15 shares First National Bank, Newburyport,.......................................
52 shares Marblehead National Bank, Marblehead.......................................
$4,000 00
500 00
3,000 00
Detailed Statement of Public Funds.
Par Value.
County of Aroostook, Me., 4^s,
City of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicopee, Mass., 4s,
of Dayton, Ohio, 5s,.
of Dover, N. H., 4s, .
of Everett, Mass., 4s,
of Haverhill, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass , 4s,
of Lynn, Mass., 3 is , .
of Lynn, Mass., 4s, .
of Manchester. N. H., 4 s, .
of Nashua, N. If., 4s,
of Newburyport, Mass., 4s,
of Pawtucket, R. 1., 4s, .
of Salem, Mass., 4 s , .
of Somerville, Mass , 4s, .
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 Worcester, Mass., 3£s,
of Youngstown, Ohio, 5s,
Town of Beverly, 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
$45,000
50,000
150,000
32,000
50,000
5,000
20,000
25,000
75,000
55,000
20,000
25,000
75,000
50,000
20,000
176,500
1,000
10,000
7,000
5,000
30,000
28,000
50,000
46,000
12,000
25,000
17,815
14,000
47,500
31,000
50,000
Estimated
Market Value.
$49,950
52,125
163,750
35,520
54,750
5,075
21,300
27,750
82,375
57,200
20,100
25,125
79,750
51,250
20,600
187,592
1,050
10,025
7,000
5,237
32,250
28,560
51,000
52,030
12,450
25,125
18,527
14,840
51,625
33,015
53,500
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
50
00
00
00
00
00
00
60
00
00
00
00
10,875 00
,
Amount Invested.
$45,000
50,000
150,000
32,000
50,000
5,000
20,000
25,000
75,000
55,000
20,000
25,000
75,000
50,000
20,000
176,500
1,000
10,000
7,000
5,000
30,000
28,000
50,000
46,000
12,000
25,000
17,815
14,000
47,500
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
10,000 00
$1,257,815 $1,341,322 60 $1,257,815 00
* A legal investment when made.
No. 8.]
291
SAYINGS BANK COMMISSIONERS
Institution for Savings in Newburyport, etc. — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
750
31
100
50
74
240
100
169
173
221
500
258
108
100
200
100
500
208
133
100
100
480
200
400
69
150
250
353
60
51
108
1226
112
23
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Colonial Nat’l Bank, Boston, .
Commercial N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall Nat’l B’k, Boston,
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Merchants N’l Bank, Boston, .
N’l Bank of Commerce, Boston,
Nat’l Bank of the Commonwealth, Boston, .
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
Nat’l Hamilton Bank, Boston,
N’l Hide & Leather B’k,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,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k. Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
Gloucester N’l B’k, Gloucester,
First N’l Bank, Newbury port,
Mechanicks National Bank,
Newburyport,
Merchants N’l B’k, Newburyp o r t , ..................................
Ocean Nat’l B’k, Newburyport,
Warren Nat’l Bank, Peabody,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Amount
Market Value.
Invested.
$75,000
713
10,000
5,000
7,400
24,000
10,000
16,900
17,300
22,100
$80,250
155
15,000
6,650
11,100
31,200
17,500
17,069
30,275
27,846
00
00
00
00
00
00
00
00
00
00
50,000
25,800
98,000
32,250
540
14,000
20,000
12,400
100,000
31,408
13,832
14,400
9,900
86,400
200
60,000
7,659
17,250
2,500
39,183
8,100
6,375
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
40,000
6,900
15,000
2,500
35,300
6,000
5,100
540 00
-
-
10,000
20,000
10,000
50,000
20,800
13,300
10,000
10,000
48,000
-
40,000
6,900
15,000
12,500
35,300
6,000
5,100
-
24,520
5,600
2,300
26,972 00
5,712 00
2,415 00
$75,000
713
15,000
7,000
7,400
24,000
10,000
16,900
17,300
22,100
00
00
00
00
00
00
00
00
00
00
50,000 00
25,800 00
-
10,000
20,000
10,000
75,000
20,800
13,300
10,000
10,000
48,000
00
00
00
00
00
00
00
00
00
-
00
00
00
00
00
00
00
24,520 00
5,600 00
2,300 00
$609,533 $847,081 00 $631,533 00
[Pub. Doc
REPORT OF THE
292
Institution for Savings in Newbury port, etc. — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 7s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 44s,
Chic., Burlington & Quincy R.R. 34s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R.R. 4s, .
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,
. . .
Michigan Central R.R. 7s,
Minnesota & Iowa R.R. 34s, .
New York & New England R.R. 7s,
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4 s ,.
Portland & Ogdensburg R.R. 34s, .
Worcester, Nashua & Roch. R.R. 4s,
Estimated
Amount Invested,
Market Value.
$25,000
100,000
85,000
75,000
25,000
25,000
15,000
35,000
155,000
50,000
100,000
24,000
$28,500
107,750
107,100
76,500
26,000
27,250
16,500
39,025
163,700
45,000
101,000
25,200
00
00
00
00
00
00
00
00
00
00
00
00
$25,000
100,000
85,000
75,000
25,000
25,000
15,000
35,000
155,000
45,000
100,000
24,000
00
00
00
00
00
00
00
00
00
00
00
00
15,000
11,000
50,000
50,000
50,000
135,000
100,000
100,000
40,000
16,725
11,110
51,000
55,250
55,500
151,425
107,000
101,000
45,000
00
00
00
00
00
00
00
00
00
15,000
11,000
50,000
50,000
50,000
135,000
100,000
100,000
40,000
00
00
00
00
00
00
00
00
00
$1,265,000 $1,357,535 00 $1,260,000 00
Total Amount o f Loans, ivith Each Specified Rate of Interest.
Amount.
$61,269
26,709
43,702
72,100
Rate.
13
14
77
00
per cent.
3Ho “
3%o »
34
“
24
Amount.
$100,000
200,000
1,204,300
487,000
Rate.
00
00
00
00
3| per cent,
si
<<
4
4|
«
“
Rate.
Amount.
$599,863
794,975
31,260
48,284
50
00
00
00
44
5
per cent.
“
54
6
Amount invested in real estate for banking purposes,.................................. $10,000 00
19,500
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,.............................................................................
19,500
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
13,699
Assessed value of the s a m e ,.................................. ..........................................
13,550
Number of loans which are of an amount not exceeding $3,000 each, 467
Aggregate amount of the s a m e , ....................................................................
458,577
Total number of loans upon real e s t a t e , ........................................... 519
Amount of investments from which no income is received,
.
.
.
3,576
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Federal Reserve Bank of St. Louis
00
00
66
00
50
50
No. 8:]
SAYINGS BANK COMMISSIONERS.
293
Institution for Savings in Hewburyport, etc. — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ........................................................... $291,247
Times for the dividends fixed by the by-laws : third Wednesday in April
and October; payable on the fourth Wednesday of April and October.
Rate and amount of each semi-annual dividend J 2 per cent., $121,582 98 1
245,387
during the year ending Oct. 31,1901,.
.
1 2 per cent.,
123,804 02 i
Number of accounts opened during the year ending Oct. 31, 1901,
1,301
Number of accounts closed during the year ending Oct. 31, 1901,
. 886
Total number of open accounts Oct. 31, 1901,
.
.
.
.
12,838
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
9,309
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
710,964
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,............................................................................ 7,092
Amount of withdrawals, including dividends, during the year ending
720,110
Oct. 31, 1901......................................................................................................
Number of s a m e ,............................................................................ 7,723
Date of examination by commissioner: October 24.
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Federal Reserve Bank of St. Louis
60
00
81
74
67
294
REPORT OF THE
[Pub. Doc.
IN S T IT U T IO N FOR S A V IN G S IN R O X B U R Y A N D ITS
V IC IN IT Y — BOSTON.
Incorporated Feb. 22, 1825.
J o h n D. W
Present number of corporators, 48.
President.
R o b e r t G. M o l in e u x , Treasurer.
R o b e r t G. M o l in e u x , Clerk of the Corporation.
il l ia m s ,
Names of committee charged with the investment of its funds:
J o h n D. W i l l i a m s ,
A th erton T . B r o w n ,
C h a r l e s G. S m i t h ,
J a m e s A. H ouston .
Open for business every business day except Saturdays, 9 a . m . to 3 e . m . ; Saturdays,
9 a . m . to 12 m .
B alance
Sheet
O c t . 31, 1901.
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,
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 otes),..................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
L ia b ilit ie s .
$750,000
1,460
144,009
2,500
1,338,665
150,000
00
00
25
00
00
00
51,609
47,900
3,874,332
1,438,550
00
00
62
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$8,056,783 16
368,500 00
27,669 45
7,377 28
304,500 00
342,013 13
14,790 89
$8,460,329 89
$8,460,329 89
Cash on Deposit in Banks, amount in each : —
Boylston National Bank, Boston,.................................................................... $65,055 80
National Rockland Bank, B o s t o n , ............................................................
101,275 06
Second National Bank, B o s t o n ,.....................................................................
8,409 18
Washington National Bank, B o s t o n ,............................................................
167,273 09
Loan on Public Funds : —
$2,000 City of Lowell, Mass., 4 s , .................................................................... $1,460 00
Loan on Bank Stock : —
30 shares Boylston National Bank, Boston,................................................... $2,500 00
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Federal Reserve Bank of St. Louis
No. 8.J
295
SAYINGS BANK COMMISSIONERS
Institution for Savings in Roxbury and its Vicinity — Continued.
Detailed Statement o f Public Funds.
Par Value.
County of Hillsborough, N. H., 4s, .
City of Boston, Mass., 4s,
of Chelsea, Mass., 4s,
of 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., 4s, .
Town of Arlington, Mass., 4s, .
of Billerica, Mass., 4s, .
of Reading, Mass., 4s, .
$40,000
156,000
50,000
16,000
100,000
25,000
160,000
35,000
50,000
25,000
45,000
29,000
19,000
$750,000
Estimated
Market Value.
$40,400
167,875
52,125
17,360
108,000
27,875
164,242
37,922
56,000
27,250
51,075
32,335
21,090
00
00
00
00
00
00
50
50
00
00
00
00
00
$803,550 00
Amount Invested.
$40,000
156,000
50,000
16,000
100,000
25,000
160,000
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
$750,000 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
50
60
200
5
25
15
21
37
100
173
210
55
8
52
6
24
16
510
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
First National Bank, Boston, .
Howard Nat’l Bank, Boston. .
Market Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
Nat’l Eagle Bank, Boston,
National Revere Bank, Boston,
Nat’l Rockland Bank, Boston,.
Peoples Nat’l Bank, Boston, .
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
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Federal Reserve Bank of St. Louis
$5,000
6,000
20,000
335
1,950
1,500
2,100
74
1,900
17,300
21,000
5,500
800
5,200
600
2,400
800
51,000
$143,459
Estimated
Market Value.
$6,100
6,420
35,000
75
325
1,890
3,171
111
300
22,144
24,150
9,900
1,200
5,772
690
2,544
160
56,610
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$5,000
6,000
20,000
441
1,950
1,500
2,100
518
1,900
17,300
21,000
5,500
800
5,200
600
2,400
800
51,000
00
00
00
25
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$176,562 00 $144,009 25
296
REPORT OF THE
[Pub. Doc
Institution for Savings in Roxbury and its V ic in ity — 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. 4s,
Chicago & Northwestern R.R. 3 ès,.
Concord & Claremont R.R. 4¿s,
Concord & Montreal 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. 5s, .
Maine Central R.R. 4s,
Manchester & Lawrence R.R, 4s,
New York, New Haven & Hartford
R.R. 3 è s , ..................................
Old Colony R.R. 4 s ,.
Sullivan County R.R. 4s, .
Worcester, Nashua & Roch. R.R. 4s,
Estimated
Market Value.
Amount Invested.
$25,000
105,000
100,000
100,000
100,000
50,000
50,000
75,000
25,000
150,000
100,000
50,000
100,000
48,665
25,000
50,000
$26,750
111,360
125,500
102,000
109,500
51,000
55,750
82,125
30,625
154,500
102,000
45,000
100,500
48,665
26,250
55,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$25,000
105,000
100,000
100,000
100,000
50,000
50,000
75,000
25,000
140,000
100,000
45,000
100,000
48,665
25,000
50,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
25,000
100,000
25,000
50,000
26,250
111,700
27,750
56,125
00
00
00
00
25,000
100,000
25,000
50,000
00
00
00
00
$1,353,665 $1,448,350 00 $1,338,665 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
Estimated
Market Value.
$150,000 $174,000 00
Amount Invested.
$150,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$342,013
62,500
30.000
38.000
31.000
60.000
40,000
13
00
00
00
00
00
00
Rate.
Amount.
per cent.
3
3%
«
34
3%o «
3%
“
3%o “
$559,000 00
2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6 ,0 0 0 0 0
25.000 00
311.000 00
1 0 0 .0 0 0 00
1 0 .0 0 0 0 0
1,532,750 00
Rate.
3¿ per cent.
3^20 “
3§
3f
3J
31% 0
4
“
“
“
“
Amount.
$65,000
115,000
839,100
18,000
1,738,192
13,050
27,750
Rate.
00
00
00
00
62
00
00
4£ per cent.
4Ì
“
4A
“
4f
5
“
5¿
6
»
No. 8.]
SAYINGS BANK COMMISSIONERS
297
Institution for Savings in Roxbury and its Vicinity — Concluded.
Amount invested in real estate for banking purposes,..................................
$51,609
51,609
Estimated value of the s a m e , ....................................................................
48,300
Assessed value of the sa m e ,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
47,900
66,750
Assessed value of the same................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 474
823,204
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ........................................... 866
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ...........................................................
348,729
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 dividend f 1£ per cent., $110,877 45
| 261,771
during the year ending Oct. 31, 1901,
.
1 2 per cent., 150,893 65
Number of accounts opened during the year ending Oct. 31, 1901,
3,212
Number of accounts closed during the year ending Oct. 31, 1901,
2,195
Total number of open accounts Oct. 31, 1901,
.
.
.
.
19,849
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
18,304
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901......................................................................................... 1,496,559
Number of same.................................................................................
23,525
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ............................................................................................. 1,445,123
Number of s a m e ,............................................................................ 19,748
Date of examination by commissioner: April 11.
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Federal Reserve Bank of St. Louis
00
00
00
00
00
00
27
10
58
09
18
[Pub. Doc,
REPORT OF THE
298
IP S W IC H S A V IN G S B A N K — IP S W IC H .
Incorporated March 20, 1869. Present number of corporators, 24.
D a n ie l S a f f o b d , Treasurer.
J o se p h R oss , President.
D a n ie l S a f f o b d , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
D a n ie l Sa f f o b d ,
T h o m a s H. L o e d ,
T h e o d o e e F. C o g s w e l l ,
C h a e l e s A. S a y a v a b d ,
J o h n 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 Sh e e t O c t . 31,1901.
A ssets .
Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)......................................
Loans on depositors’ books,
Deposits in banks on interest, .
Cash on hand, . . . .
L ia b ilit ie s .
$96,160
44,856
172,327
3,339
362,851
2,700
16
00
26
65
14
Deposits, .
Guaranty fund,
Interest account,
$716,589 80
23,390 00
6,748 98
00
16,000
00
100 00
42,790 57
5,604 00
$746,728 78
$746,728 78
Cash on Deposit in Banks, amount in each : —
Fourth National Bank, Boston,.................................................................... $4,611 52
First National Bank, Ip s w ic h ,....................................................................
9,211 02
First National Bank, S a l e m , ....................................................................
7,553 79
Merchants National Bank, S a l e m , ............................................................21,414 24
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
299
Ip s w ic h Savings B a n k — Conti mied.
Detailed Statement o f Public Funds.
Par Value.
City of
of
of
of
of
of
of
of
of
of
of
Boston, Mass,, 4s,
Dubuque, Iowa, 3£s, .
East Saginaw, Mich., 4£s, .
Haverhill, Mass., 4s, .
Lewiston, Me., 5s,
Lynn, Mass., 4s, .
Northampton, Mass., 4s,
Saginaw, Mich., 3is, .
Salem, Mass ,4s,.
Waterbury, Conn., 4s, .
Willimantie, Conn., 4s,
Estimated
Market Value.
$10,000
5.000
5.000
35,000
2.000
5.000
12,500
7,400
8.000
1,000
5,000
$11,225
5,100
5,062
35,350
2,180
5,312
12,531
7,418
8,900
1,010
5,075
00
00
50
00
00
50
25
50
00
00
00
$95,900
$99,164 75
Amount Invested.
$10,000
5.000
5.000
35,000
2.000
5.000
12,500
7,503
8.000
1,000
5,156
00
00
00
00
00
00
00
91
00
00
25
$96,160 16
No. of
Shares.
Detailed Statement o f Bank Stocks.
7 Blackstone Nat’l B’k, Boston, .
18 Eliot National Bank, Boston, .
12 Freemans Nat’l Bank, Boston,
36 Merchants N’l Bank, Boston, .
4 N’l B’k of Commerce, Boston,
30 N’l B’k of Redemption, Boston,
25 N ’1 B’k of the Republic, Boston,
24 National Union Bank, Boston,
40 New England N’l B’k, Boston,
4 Second National Bank, Boston,
5 Tremont Nat’l Bank, Boston, .
23 Gloucester N’l B’k, Gloucester,
26 First National Bank, Ipswich,
8 N’l Grand B’k, Marblehead, .
63 Asiatic National Bank, Salem,
43 First National Bank, Salem, .
19 Mercantile Nat’l B’k, Salem, .
122 Merchants Nat’l Bank, Salem,
13 Nat’l Exchange Bank, Salem,.
27 Naumkeag Nat’l Bank, Salem,
21 Salem National 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
1,890
4,300
1,900
6,100
455
2,700
2,100
$44,856
Estimated
Market Value.
Amount Invested.
$35
2,700
1,212
6,300
504
3,750
3,775
3,624
5,760
720
50
2,990
2,600
920
1,764
2,580
1,938
8,052
65
3,375
1,050
$161
1,800
1,200
3,600
400
3,000
2,500
2,400
4,000
400
250
2,300
2,600
800
1,890
4,300
1,900
6,100
455
2,700
2,100
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$53,764 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$44,856 00
300
REPORT OF THE
[Pub. Doc.
Ipswich Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Bennington & Rutland R.R. 4£s,
Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3és,
Chicago & Northwestern R.R. 3£s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3¿s, .
Maine Central R.R. 4¿s, .
Michigan Central R.R. 5s,
Old Colony R.R. 4 s,.
$10,000
7,000
10,000
1,000
20,000
10,000
15,000
4,000
13,000
30,000
25,000
5,000
20,000
Estimated
Market Value.
$11,000
7,035
10,225
1,015
20,400
10,419
16,425
4,020
11,700
30,300
27,500
5,025
22,700
Amount Invested.
00
00
00
00
00
86
00
00
00
00
00
00
00
$170,000 $177,764 86
$10,000
7,144
10,000
1,000
20,600
10,419
15,000
4,200
13,575
30,287
25,000
5,100
20,000
00
90
00
00
00
86
00
00
00
50
00
00
00
$172,327 26
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$9,211 02
33,579 55
13,900 00
Bate.
2
2£
3|
per cent.
Amount.
$3,700 00
500 00
100,465 00
Kate.
4
4¿
5
per cent.
“
Amount.
$50,800 00
212,286 14
Kate.
5¿ per cent.
6
«
Value, by books, of real estate, held or owned by foreclosure or other
wise, ...............................................................................................................
$3,339 65
Assessed value of the sa m e ,.............................................................................
3,650 00
Number of loans which are of an amount not exceeding $3,000 each, 398
Aggregate amount of the s a m e , ....................................................................
283,176 14
Total number of loans upon real estate.................................................... 390
Amount of investments from which no income is received, .
.
.
.
1,010 65
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
34,514 09
Times for the dividends fixed by the by-laws : fourth Wednesday in Janu
ary and July; payable on same days.
Rate and amount of each semi-annual dividend f 2 per cent., $12,844 29 )
26,146 65
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
13,302 36 i
Number of accounts opened during the year ending Oct. 31, 1901,
. 333
Number of accounts closed during the year ending Oct. 31, 1901,
. 216
Total number of open accounts Oct. 31, 1901..................................
2,361
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
301
Ipswich Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................$2,248 01
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901.........................................................................................
121,833 39
Number of same................................................................................. 1,805
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
97,278 56
Number of s a m e ,............................................................................ 1,501
Date of examination by commissioner: January 21.
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Federal Reserve Bank of St. Louis
[Pub. Doc,
REPORT OF THE
302
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, 33.
R o b e r t II. T e w k s b u r y , President.
A l b e r t I. C o u c h , Treasurer.
A l b e r t I. C o u c h , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
R obert H . T e w k s b u r y ,
A l v in E . M a c k
John R . Poor,
L e w is G . H o l t ,
W il l i a m T . M c A l p i n e .
Open for business every business day, 9
Balance
a .m .
Sheet
to 1 p . m . ; also Saturdays, 7 to 8 p . m .
Oct.
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,
Real estate (for banking pur
poses) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Suspense account,
Cash on hand, .
.
.
.
31, 1901.
$330,500
57,536
21,580
283,200
00
00
00
00
33,000
1,850
1,210,998
143,650
500
43,163
2,286
7,510
4,900
00
00
00
00
00
27
80
00
02
Deposits, .
Guaranty fund,
Interest account,
$2,140,674 09
$2,033,667 75
57,500 00
49,506 34
$2,140,674 09
Cash on Deposit in Banks, amount in each: —
$4,506 68
28,656 59
National Bank of the Commonwealth, Boston, .
Arlington National Bank, Lawrence, .
Pacific National Bank, Lawrence,
10,000 00
Loans on Bank Stock, amount on each: —
10 shares Lawrence National Bank, Lawrence,
4 shares Monument National Bank, Charlestown,
80 shares Methuen National Bank, Methuen, .
21 shares Bay State National Bank, Lawrence,.
150 shares Arlington National Bank, Lawrence,
5 shares Pacific National Bank, Lawrence,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* This loan, in excess of the legal limit, has been reduced.
'I
$1,400 00*
'I
7,000 00
12,800 00
380 00
No. 8.]
SAYINGS BANK COMMISSIONERS
303
Lawrence Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3is, .
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., 4s,
of Bridgeport, Conn., 4s, .
of Brockton, Mass., 3is, .
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Concord, N. PI., 4s,
of Dayton, Ohio, 5 s,.
of Detroit, Mich., 4s,
of Dover, N. H., 4s, .
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., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis., 5s, .
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. II., 4s,
of Quincy, Mass , 4s,
of Rockford, 111., 4£s,
of Rutland, Y t., 4s, .
of Saginaw, Mich., 4^s, .
of Somersworth, N. H., 4s,
of Waltham, Mass., 4s,
Town of Beverly, Mass., 4s,
of Danvers, Mass., 4s, .
of Lincoln, R. I., 4s,
of Stoneham, Mass., 4s,.
of Wakefield, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
15,000
20,000
3,000
18,000
10,000
15,000
11,000
5,000
9,000
10,000
5,000
5,000
5,000
5,000
2,000
20,000
2,000
20,000
6,000
11,000
2,000
1,000
7,000
3,500
1,000
10,000
5,000
10,000
5,000
10,000
15,000
5,000
7,000
5,000
5,000
10,000
1,000
9,000
3,000
15,000
2,000
12,000
$330,500
Estimated
Market Value.
$5,550
22,220
3,277
19,020
10,350
16,425
11,835
5,525
9,025
10,275
5,488
5,575
5,075
5,575
2,100
20,500
2,125
20,700
6,480
11,493
2,030
1,010
7,805
3,605
1,095
11,200
5,400
11,250
5,600
10,200
15,525
5,520
7,420
5,375
5,125
10,395
1,115
9,855
3,225
15,187
2,235
12,172
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
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
11,000
5,000
9,000
10,000
5,000
5,000
5,000
5,000
2,000
20,000
2,000
20,000
6,000
11,000
2,000
1,000
7,000
3,500
1,000
10,000
5,000
10,000
5,000
10,000
15,000
5,000
7,000
5,000
5,000
10,000
1,000
9,000
3,000
15,000
2,000
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
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$350,957 00 $330,500 00
304
[Pub. Doc
REPOET OF THE
L a w r e n c e Savin gs B an k — Continued.
Ko. of
Shares.
Detailed Statement o f Bank Stocks.
20
20
55
24
16
95
15
56
20
27
54
10
69
59
54
29
20
20
20
Estimated
Par Value.
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
First Ward N’l B’k, Boston, .
Fourth National Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston,
Merchants Nat'l Bank, Boston,
N’l B’k of Commerce, Boston,
Nat’l Bank of the Common
wealth, Boston,
National City Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont National B’k, Boston,
Arlington N’l B’k, Lawrence, .
Lawrence N’l Bank, Lawrence,
t
12,000
460
5,500
2,400
1,600
9,500
1,005
4,368
2,000
2,700
5,400
-
6,900
5,900
5,400
2,900
1,000
2,000
2,000
$63,033
Market Value.
12,140 00
100 00
Amount Invested.
$2,000
60
5,500
2,400
1,600
9,500
180
896
2,000
2,700
00
00
00
00
00
00
00
00
00
00
6,490
3,600
2,560
11,875
225
728
3,500
3,402
00
00
00
00
00
00
00
00
10,584
50
8,556
6,136
5,994
3,074
200
2,300
2,300
00
00
00
00
00
00
00
00
00
5,400 00
_
6,900 00
5,900 00
5,400 00
2,900 00
200 00
2,000 00
2;000 00
$73,814 00
$57,536 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4ès,
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 7s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Maine Central R.R. 4s,
New York Central & Hudson River
R.R. 7s.............................................
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Old Colony R.R. 4£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$10,000
50,000
30,000
25,000
15,000
10,000
1,000
10,000
5,000
40,000
15,000
$10,000
51,687
32,100
31,875
15,975
11,040
1,055
10,950
5,600
36,200
16,100
00
00
00
00
00
00
00
00
00
00
00
$10,000
50,000
30,000
25,000
15,000
10,000
1,000
10,000
5,000
36,200
15,000
00
00
00
00
00
00
00
00
00
00
00
10,000
3,000
7,000
20,000
10,400
3,200
7,775
20,760
00
00
00
00
10,000
3,000
7,000
20,000
00
00
00
00
No. 8.]
SAYINGS BANK COMMISSIONERS.
305
Lawrence Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.
Amount Invested.
$25,000
$25,250 00
$25,000 00
5,000
6,000
6,150 00
6,150 00
5,000 00
6,000 00
Par Value.
Portland & Ogdensburg R.R. 3£s, .
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ..................................
Vermont & Massachusetts R.R. 5s, .
$287,000
$302,267 00 $283,200 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$4,506
38,656
10,000
25,000
Kate.
68
59
00
00
2 per cent.
3
“
4
u.
4J
Amount.
$45,000
105,000
1,077,613
11,380
Kate.
00
00
00
00
4| per cent.
H
5
“
Amount.
Rate.
$100,235 00 •6 per cent.
1,700 00 H
“
800 00 7
“
5i
Amount invested in real estate for banking purposes,.................................. $33,000 00
Estimated value of the s a m e , ....................................................................
38,000
Assessed value of the sam e,.............................................................................
26,875
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
1,850
Assessed value of the sam e,.............................................................................
1,775
Number of loans which are of an amount not exceeding $3,000 each, 387
Aggregate amount of the same...........................................................................
556,980
Total number of loans upon real e s t a t e , ...........................................469
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
94,016
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., $35,824 24 1 ^ 4 3 7
during the year ending Oct. 31, 1901,.
.
(2 per cent.,
36,613 24 i
’
Number of accounts opened during the year ending Oct. 31, 1901,
1,581
Number of accounts closed during the year ending Oct. 31, 1901,
1,238
Total number of open accounts Oct. 31, 1901,
.
.
.
.
5,246
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
.....................................................................................
5,604
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
622,310
Number of s a m e ,............................................................................ 9,274
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
565,592
Number of s a m e ,.............................................................................4,896
Date of examination by commissioner: March 12, May 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
00
35
43
48
66
56
[Pub. Doc
REPORT OF THE
306
L E E S A V IN G S B A N K — L E E .
Incorporated March 5, 1852.
Present number of corporators, 50.
C . C. H o l c o m b e , President.
J o h n L. K
J o h n L. K il b o n , Clerk of the Corporation.
il b o n ,
Treasurer.
Names of committee charged with the investment of its funds :
C. C. H o l c o m b e ,
De W
it t
G e o r g e K. B a i r d ,
S. S m i t h .
Open for business every business day except Saturdays, 9
days, 9 a . m . to 12.30 P.M.
B alance
Sh ee t
to 3 p .m . ; Satur
O c t . 31, 1901.
L ia b ilit 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 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, .
.
.
.
a .m .
$5,000
133,600
3,200
266,000
77,900
12,149
300,375
126,220
00
00
00
15,000
175
43,487
15,624
854
00
00
17
40
05
00
Deposits, .
Guaranty fund,
Profit and loss
count, .
$942,489 47
42,000 00
ac15,095 99
00
84
00
00
$999,585 46
$999,585 46
Cash on Deposit in Banks, amount in each : —
Lee National Bank, L e e , ...................................................
Pynchon National Bank, Springfield,..................................
Springfield National Bank, Springfield,
.
Hampden Trust Company, Springfield, .
Springfield Safe Deposit and Trust Company, Springfield,
Berkshire Loan and Trust Company, Pittsfield, .
$8,559 20
7,065 20
12,485 10
8,000 00
12,574 10
10,427 97
Loan on Bank Stock : —
25 shares First National Bank, Adams,
20 shares Berkshire National Bank, North Adams,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
00
No. 8.]
SAVINGS BANK COMMISSIONERS
307
Lee Savings Bank — Continued.
Detailed Statement o f Public Funds.
Massachusetts 3ès, .
.
.
.
Par Value.
Estimated
Market Value.
$5,000
$5,325 00
Amount Invested.
$5,000 00
No. of
Shares.
Detailed Statement o f Dank Stocks.
First National Bank, Adams, .
First National Bank, Amherst,
Atlantic Natl Bank, Boston, .
Atlas National Bank, Boston, .
Continental Nat’l B’k, Boston,
First Nat’l Bank. Boston,
N’l B’k of Commerce, Boston,
National Bank of the Com
monwealth, Boston,
50 N’l B’k of Redemption, Boston,
30 N’l B’k of the Republic, Boston,
47 N’l Hide & Leather B’k, Boston,
26 Nat’l Webster Bank, Boston, .
20 State National Bank, Boston, .
30 Winthrop Nat’l B’k, Boston, .
30 City N’l B’k, Bridgeport, Conn.,
40 Birmingham National Bank,
Derby, Conn ,
20 National Mahaiwe Bank, Great
Barrington, .
.
.
.
100 Lee National Bank, L ee,.
70 Adams Nat’l B’k, No. Adams,
20 Agricultural N’l B’k, Pittsfield,
90 Pittsfield N’l Bank, Pittsfield,
40 Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
24 Agawam N’l B’k, Springfield,
30 Chicopee N’l B’k, Springfield,
20 First Nat’l Bank, Springfield,.
30 Second N’l Bank, Springfield,
30 Springfield N’l B’k, Springfield,
10 Third N’l Bank, Springfield, .
50 Springfield Safe Deposit and
Trust Co., Springfield,.
75 Housatonic N’l B’k, Stockb’dge,
60
40
10
30
30
100
60
20
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
00
00
00
00
00
00
00
$7,000
5.000
lj)00
3,000
10,000
6,000
$7,500
6,000
1,220
3,210
150
17,500
7,560
2,000
5,000
3,000
4,700
2,600
2,000
3,000
3,000
3,920
6,250
4,530
5,828
2,704
2,220
4,800
4,800
00
00
00
00
00
00
00
00
2,000
5,000
3,000
4,700
2,600
2,000
3,000
3,000
4,000
6,800 00
$6,000
4,000
1,000
3,000
-
00
00
00
00
-
10,000 00
6,000 00
00
00
00
00
00
00
00
00
4,000 00
2,000
10,000
7,000
2,000
9,000
2,800
16,500
8,050
4,900
13,770
00
00
00
00
00
2,500
10,150
7,000
5,250
11,000
00
00
00
00
00
4,000
2,400
3,000
2,000
3,000
3,000
1,000
5,120
2,400
4,500
2,100
3,900
5,700
2,200
00
00
00
00
00
00
00
4,000
2,400
4,000
2,000
3,000
3,400
2,100
00
00
00
00
00
00
00
5,000
7,500
7,750 00
10,875 00
7,500 00
8,000 00
$120,200
$175,557 00
$133,600 00
[Pub. Doc
REPORT OF THE
308
Lee Savings Bank — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 3és, .
Illinois Central R.R. 3£s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
Milwaukee, Lake Shore & Western
R.R. 5s,...........................................
New York, Lackawanna & Western
R.R. 6 s ,...........................................
New York, New Haven & Hartford
R.R. 3 ¿ s , ..................................
New Yftrk, New Haven & Hartford
R.R. 4s, .
Old Colony R.R. 4s, .
Western Pennsylvania R.R. 4s,
$25,000
20,000
25,000
20,000
10,000
30,000
25,000
10,000
Estimated
Market Value.
$26,562
20,400
27,500
21,800
10,200
31,500
28,500
13,000
Amount Invested.
50
00
00
00
00
00
00
00
$25,000
20,000
25,000
20,000
10,000
30,000
25,000
10,000
00
00
00
00
00
00
00
00
15,000
18,900 00
18,000 00
10,000
13,400 00
13,000 00
10,000
10,500 00
10,000 00
20,000
25,000
15,000
23,200 00
28,375 00
16,650 00
20,000 00
25,000 00
15,000 00
$260,000
$290,487 50 $266,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$70,000
Estimated
Market Value.
$81,200 00
Amount Invested.
$77,900 00
Total Amount of Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$33,059 20
20,427 97
3 per cent.
H
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$5,000 00
376,285 00
Rate.
4^ per cent.
5
“
Rate.
Amount.
$53,685 00
6
per cent.
No. 8.]
SAYINGS BANK COMMISSIONERS.
309
Lee Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the sa m e,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 218
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .......................................... 215
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 1 , ............................................................
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-annualdividend f 2 per cent.,
$17,038 15 1
during the year ending Oct. 31, 1901, .
. 1 2 percent.,
17,598 87 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 362
Number of accounts closed during the year ending Oct. 31, 1901,
. 243
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,602
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................................... 2,082
Amount of withdrawals, including .dividends, during the year ending
Oct. 3 1 , 1 9 0 1 , .............................................................................................
Number of s a m e ,..................................................................................... 1,479
Date of examination by commissioner: June 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$12,149 84
12,085 00
441 19
188,085 00
3,150 00
44,494 50
34,637
02
4,552 40
151,715 12
131,162 39
[Pub. Doc
REPORT OF THE
310
L E IC E S T E R S A V IN G S B A N K — L E IC E S T E R .
Incorporated April 17, 1869. Present number of corporators, 33.
D e x t e r K n i g h t , 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 :
C h a r l e s A. D e n n y ,
A l o n zo B. D a v id s o n ,
C h a n n in g S m i t h .
D e x t e r K n ig h t ,
T h e o d o r e E . W o od c o c k ,
E v e r e tt Ca r le to n ,
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 1 p . m .
B alance
A ssets .
Sh eet
Oct.
¥
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,
.
. * .
31, 1901.
L ia b ilit ie s . -
$219,400
41,295
6,350
135,525
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
$696,443 54
29,241 30
15,152 26
7 ,0 0 0 00
235,627 96
33,900 00
49,692
4,479
467
7,099
00
48
76
90
$740,837 10
$740,837 10
Cash on Deposit in Bank: —
$4,479
00
Leicester National Bank, L eicester,...................................................
Loans on Bank Stock, amount on each: —
4 shares Leicester National Bank, Leicester....................................
12 shares Leicester National Bank, Leicester, . .
.
.
.
1 share Leicester National Bank, Leicester................................
50 shares Springfield Safe Deposit and Trust Company, Springfield,
$500
750
00*
00
100 0 0
5,000
00
Loan on Railroad Stock: —
32 shares Boston & Albany R . R . , ...........................................
* This loan has since been reduced within the legal limit.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 7 ,0 0 0
00*
No. 8.]
SAVINGS BANK COMMISSIONERS
311
Leicester Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Bay City, Mich., 4s,
of Cleveland, Ohio, 4s,
of Columbus, Ohio, 4s,
of Davton, Ohio, 4 s,.
of Kansas City, Mo., 4£s,.
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Manchester, N. H., 6s,
of Middletown, Conn., 3£s,
of New Britain, Conn., 4s,
of Saginaw, Mich., 3is, .
of Saginaw, Mich., 4s,
of Waltham, Mass., 4s, .
of Waterbury, Conn., 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., 4s, .
of Spencer, Mass., 4s, .
of Westborough, Mass., 3£s, .
$15,000
5,000
10,000
5,000
8,000
10,000
10,000
9,000
1,000
8,000
5,000
7,400
10,000
12,000
5,000
4,000
5,000
1,000
5,000
10,000
12,000
5,000
18,000
24,000
5,000
10,000
Estimated
Market Value.
$16,225
5,000
10,550
5,100
9,040
10,150
10,600
9,945
1,010
8.350
5,225
7,474
10,950
12,720
5,025
4,190
5,550
1,097
5,600
10,950
12,740
5,600
19,170
26,280
5,350
10,525
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
Amount Invested.
$15,000
5,000
10,000
5,000
8,000
10,000
10,000
9,000
1,000
8,000
5,000
7,400
10,000
12,000
5,000
4,000
5,000
1,000
5,000
10,000
12,000
5,000
18,000
24,000
5,000
10,000
00
00*
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00'
00
00
00
00
00
00
00
00
00
$219,400 $234,416 50 $219,400 00
* Legal investments when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
10
30
20
33
41
20
50
92
Par Value.
Colonial Nat’l Bank, Boston, .
Continental Nat’l Bank,Boston,
Eliot National Bank, Boston, .
National Bank of the Commonwealth, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
Nat’l Webster Bank, Boston, .
State National Bank, Boston, .
Leicester Nat’l Bank, Leicester,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$1,500 00
3,000
$1,500 00
50 00
4,500 00
2,000
3,300
4,100
2,000
5,000
9,200
3,920
4,092
8,200
2,080
5,550
11,960
2,100
3,960
6,150
2,000
5,300
11,960
$1,000
-
00
00
00
00
00
00
-
8,600 00
00
00
00
00
00
00
312
KEPORT OF THE
[Pub. Doc
Leicester Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
Par Value.
6 Millbury Nat’l Bank, Millbury,
5 Oxford National B’k, Oxford,
28 Central N’l Bank, Worcester,
1 City Nat’l Bank, Worcester, .
$600
500
2,800
100
$33,600
Estimated
Market Value.
Amount Invested.
$600
625
3,080
125
$600
500
3,500
125
00
00
00
00
$46,282 00
00
00
00
00
$41,295 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Boyer Yalley R.R 3ès, .
Chic., Burlington & Quincy 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¿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
3,000
3,000
4,000
5,000
20,000
4,000
$5,525
7,180
22,800
5,400
15,300
20,400
3,345
3,120
4,060
4,500
20,200
4,200
15,000
5,000
5,000
15,750 00
5,675 00
5,350 00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$5,000
7,000
20,000
5,000
15,000
20,000
3,000
3,000
4,000
4,525
20,000
4,000
00
00
00
00
00
00
00
00
00
00
00
00
15,000 00
5,000 00
5,000 00
$136,000 $142,805 00 $135,525 00
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$14,479 48
7,500 00
53,392 00
Rate.
3 per cent.
3i
“
4
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$37,850 00
187,977 50
Rate.
4¿ per cent.
5
“
Amount.
$5,100 00
30,750 46
Rate.
5¿ per cent.
6
“
No. 8.]
SAYINGS BANK COMMISSIONERS.
313
Leicester Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 209
Aggregate amount of the s a m e , ................................................... .
$197,569 96
Total number of loans upon real e s t a t e , ...........................................206
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
31,410 58
Times for the dividends fixed by the by-laws: June 1 and December 1;
payable after June 1 and December 1.
Rate and amount of each semi-annual dividend f 2 per cent., $13,091 25 ]
24,715 13
during the year ending Oct. 31, 1901,
.
I 1| per cent.,
11,623 8 8 i
Number of accounts opened during the year ending Oct. 31, 1901,
. 136
Number of accounts closed during the year ending Oct. 31, 1901,
. 88
Total number of open accounts Oct. 31, 1901, * .
1,461
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
1,315 70
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
70,315 88
Number of s a m e ,..................................................................................... 833
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
71,458 66
Number of same,
............................................................748
Date of examination by commissioner: May 14.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
314
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 i c k , President.
E d w a r d M cD o n a l d , Treasurer.
M. A. B r o w n , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
T h o m a s P o st ,
W i l l i a m D . C u r t is ,
H e n r y S e d g w ic k ,
L. C . P e t e r s ,
H e n r y A. B e l d e n .
Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a .m . to 12 M.
Balance
Sheet
O ct.
L ia b ilit 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,
Loans to counties, cities or towns
(notes).......................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
31, 1901.
$ 1,120 00
48,838
36,596
32,575
188,240
10,300
00
11
62
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$335,516 18
4,728 23
2,937 25
1,990 89
11,000 00
9,193 32
7,112 00
197 50
$345,172 55
$345,172 55
Cash on Deposit in Banks, amount in each : —
Lenox National Bank, L e n o x ,.................................................................... $7,112 00
Springfield National Bank, S p rin g field ,...................................................
2,542 47
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
6,650 85
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
315
SAYINGS BANK COMMISSIONERS.
Lenox Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
United States 4s,
.
.
.
$ 1,000
Estimated
Market Value.
$1,150 00
Amount Invested.
$1,120 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
25
60
15
20
19
10
14
10
15
10
20
25
24
12
25
10
Par Value.
Lee National Bank, Lee, .
Lenox Nat’l Bank, Lenox,
Palmer Nat’l Bank, Palmer, .
Agricultural N’l B’k, Pittsfield,
Pittsfield Nat’l B’k, Pittsfield,.
Chapin Nat’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
John Hancock National Bank,
Springfield, .
.
.
.
Second N’l B’k, Springfield, .
Springfield N’l B’k,Springfield,
Springfield Safe Deposit and
Trust Co., Springfield,.
Third Nat’l Bank, Springfield,
Housatonie National Bank,
Stockbridge,
Taunton Safe Deposit and
Trust Co., Taunton,
Mechanics’ N’l B’k, Worcester,
-
$2,500
6,000
1,500
2,000
1,900
1,000
1,400
1,000
Estimated
Market Value.
$4,125
-9,000
1,500
4,900
2,907
1,150
2,100
1,420
00
00
00
00
00
00
00
00
Amount Invested.
$4,189
7,920
2,300
5,005
2,980
1,550
2,424
1,550
00
00
00
00
00
00
00
00
1,500
1,000
2,000
1,500 00
1,300 00
3,800 00
1,830 00
1,550 00
3,000 00
2,500
2,400
3,750 00
5,280 00
3,750 00
5,280 00
1,200
1,740 00
2,010 00
, 2,500
1,000
2,500 00
950 00
2,500 00
1,000 00
$31,400
$47,922 00
$48,838 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 3is,
Illinois Central R.R. 3 ès,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$10,000
25,000
$10,375 00
25,250 00
$10,528 61
26,067 50
$35,000
$35,625 00
$36,596 11
316
REPORT OF THE
[Pub. Doc.
Lenox Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$30,000
Estimated
Market Value.
$34,800 00
Amount Invested.
$32,575 62
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$9,193 32
1 1 ,0 0 0 0 0
Rate.
Amount.
3 per cent.
H
“
$161,285 00
Rate.
5 per cent.
Amount.
$37,255 00
Rate.
6
per cent.
Number of loans which are of an amount not exceeding $3,000 each,
48
Aggregate amount of the s a m e , .................................................................... $57,440 00
Total number of loans upon real e s t a t e , ...........................................63
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
13,897
Times for the dividends fixed by the by-laws: first Tuesday in January
and July; payable on same days.
Rate and amount of eachsemi-annual dividend f 2 per cent., $5,690 84 1
11,065
during the year ending Oct.31,1901,.
.1 1| per cent.,
5,374 23 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 209
Number of accounts closed during the year ending Oct. 31, 1901,
. 96
Total nhmber of open accounts Oct. 31, 1901........................................... 953
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
844
Amount of deposits, not including dividends, received during the year
ending Oct. 31,1901, .
.
.
.
* ...................................................
73,730
Number of s a m e ,......................................................................................1,056
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
50,225
Number of s a m e ,........................................................................................ 502
Date of examination by commissioner: June 5.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
39
07
00
76
22
No. 8.]
SAVINGS BANK COMMISSIONERS
L E O M IN ST E R
317
SA V IN G S B A N K — L E O M IN ST E R .
Incorporated March 16, 1865.
Present number of corporators, 34.
J o se p h G. T e n n e y , President.
H a m il t o n M a y o , Treasurer.
H a m il t o n M a y o , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
H a m il t o n M a y o ,
C l e s so n K e n n e y ,
C h a r l e s C. B o y d e n ,
D. C. N ic k e r s o n ,
A rthu r H . H a ll.
Open for business every business day except Saturdays, 9 a .m . to 12 m . ; 1 to 3 p .m . ;
Saturdays, close at 12 m .
B alan ce Sh e e t O ct . 31,1901.
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 te s),..................................
Loans on depositors’ books,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Cash on hand, . . .
.
L iab ilities .
$165,000
37,204
4,725
106.500
700
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
$1,570,485 10
75,000 00
21,554 76
2 0 ,0 0 0 00
825,481 06
188,450 00
292.500 00
1,085 00
13,652 50
1 0 ,0 0 0 00
1,742 30
$1,667,039
86
$1,667,039
86
Cash on Deposit in Bank: —
Leominster National Bank, Leominster,
$23,652 50
Loans on Bank Stock, amount on each: —
$ 2 ,0 0 0
00
O
ot
o
1 ,0 0 0 00
00
425
00
OO
O
O
20 shares Leominster National Bank, Leominster,
10 shares Leominster National Bank, Leominster,
5 shares Leominster National Bank, Leominster,
10 shares Leominster National Bank, Leominster,
25 shares Central National Bank, Lynn,
00
Loan on Railroad Stock: —
5
shares Boston & Albany R.R.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$700 00
318
[Pub. Doc
REPORT OF THE
Leominster Savings Bank — Continued.
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 Lowell, Mass., 4s,
of Malden, Mass., 3£s,
of Malden, Mass., 4s,
of Manchester, N. LI., 4 s,.
of Marlborough, Mass., 4s,
of Meriden, Conn., 4s,
of Newton, Mass., 4s,
of Quincy, Mass., 4s,
of Woburn, Mass., 4s,
Town of Peabody, Mass., 4s, .
of Reading, Mass., 4s, .
$5,000
8,000
25,000
8,000
20,000
10,000
4,000
6,000
10,000
10,000
10,000
15,000
10,000
8,000
6,000
10,000
Estimated
Market Value.
$5,000
8,280
27,000
8,690
20,400
10,287
4,030
6,225
10,875
10,625
10,125
17,212
10,925
8,100
6,705
10,850
00
00
00
00
00
50
00
00
00
00
00
50
00
00
00
00
$165,000 $175,330 00
Amount Invested.
$5,000
8,000
25,000
8,000
20,000
10,000
4.000
6,000
10,000
10,000
10,000
15,000
10,000
8,000
6,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$165,000 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
Blackstone N’l B’k, Boston,
Boston National Bank, Boston,
Bovlston Nat’l Bank, Boston, .
Central National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Market Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Com
monwealth, Boston,
17 National Eagle Bank, Boston,.
50 Nat’l Webster Bank, Boston, .
1 Winthrop Nat’l Bank, Boston,
80 Safety Fund N’ l B’k, Fitchburg,
150 Leominster N’ l B’k, Leominster,
10 Crocker N’l B’k,Turner’s Falls,
3
62
15
27
20
25
10
9
20
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
2,500
780
900
$15
62
1,575
3,186
100
3,750
130
1,134
00
00
00
00
00
00
00
00
2,000
34
5,000
100
8,000
15,000
1,000
3,920
51
5,200
160
8,000
17,250
1,400
00
00
00
00
00
00
00
$69
-
1,500
2,700
-
$40,000
$45,720 00
Amount Invested
$24 00
-
1,500 00
2,700 00
-
2,500 00
380 00
900 00
2,000 00
-
5,000
100
6,000
15,000
1,000
00
00
00
00
00
$37,204 00
No. 8.]
319
[SAYINGS BANK COMMISSIONERS.
Leominster Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 7s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
New York & New England R.R. 7s,
$15,000
1,000
31,000
10,000
6,000
12,000
10,000
22,000
Estimated
Amount Invested.
Market Value.
$17,100
1,270
32,550
10,275
6,727
12,602
10,612
24,255
00
00
00
00
50
50
50
00
$107,000 $115,392 50
$15,000
1,000
31,000
9,500
6,000
12,000
10,000
22,000
00
00
00
00
00
00
00
00
$106,500 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$13,652
25.000
55.000
26.000
25,000
50
00
00
00
00
2
per cent.
3 fio
“
3è
3%o
3.16
“
“
Rate.
Amount.
$105,000
15.000
36.500
24.500
20.000
00
00
00
00
00
3| per cent.
3¿
4
“
«
4Ì
4h
Rate.
Amount.
$907,101
10,100
5,000
58,739
46
00
00
60
5 per cent.
5è
“
5%
“
6
“
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 476
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................503
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
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., $27,658 79 1
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
29,154 11 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 861
Number of accounts closed during the year ending Oct. 31, 1901,
. 593
.
.
.
.
4,473
Total number of open accounts Oct. 31, 1901,
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of same,
.................................................................... 4,306
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
Number of s a m e ,.............................................................................3,496
Date of examination by commissioner: June 10.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 20,000 00
20,000 00
18,500 00
1,046 77
484,641 06
78,049
86
56,812 90
3,393 53
330,352 64
264,186 97
REPORT OF THE
320
[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, 31.
President.
J a m e s E. C r o n e , Treasurer.
A u g u stu s E. S c o tt , Clerk of the Corporation.
h it c h e r ,
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 e o n a r d A . Sa v i l 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 i n S. S p a u l d in g ,
G e o r g e W . S p 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 ct . 31, 1901.
L iab ilit ie s .
A ssets .
Public funds, as per schedule, .
Loan on public funds,
Loan 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,
Loans to counties, cities or towns
(n o tes),..................................
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Premium account,
Cash on hand, .
.
.
.
$52,000 00
40.000 00
2 ,0 0 0 00
56.000 00
2 ,0 0 0 00
2 0 .0 0 0 00
$480,571 25
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rents and expenses
of bank building, .
2 2 ,0 0 0 0 0
2,352 48
2,582 50
310 33
6,557 52
17,254 66
214,696 00
53,560 00
25,000*00
2 0 0 00
15,470
64
1,175
1,838
40
95
00
03
$507,816 56
$507,816 56
Cash on Deposit in Bank: —
Fourth National Bank, Boston,.................................................................... $15,470 40
Loan on Public Funds: —
$6,000 Town of Ipswich 4s,
5,000 Massachusetts 3£s, .
20.000 Massachusetts 3£s, .
10.000 Massachusetts 3£s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•]
‘ [
j
$40,000 00
No. 8.]
321
SAYINGS BANK COMMISSIONERS
Lexington Savings B a n k — Continued.
Loan on Bank Stock : —
15 shares Merchants National Bank, B o s t o n ,...........................................I
15 shares Essex National Bank, Haverhill.................................................... i
&2 000 00
’
Loan on Railroad Bonds : —
$2,000 Eastern R.R. ........................................................................................ ...........
00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3s,
County of Aroostook, Me., 4£s,
City of Cleveland, Ohio, 5s,
of Concord, N. H., 4s,
of Malden, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Newton, Mass., 4s,
Town of Lexington, Mass., 4s,
Estimated
Market Value.
$5,000
5,525
5,075
5,631
2,145
5,125
17,700
10,950
$5,000
5,000
5,000
5,000
2,000
5,000
15,000
10,000
$52,000
00
00
00
00
00
00
00
00
$57,151 00
Amount Invested.
$5,000
5,000
5,000
5,000
2,000
5,000
15,000
10,000
00
00
00*
00
00
00
00
00
$52,000 00
* A legal investment when made.
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4ès,
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. 4 s,.
$11,000
5,000
10,000
5,000
5,000
5,000
Estimated
Market Value.
$11,765
5,725
12,550
5,481
5,775
5,475
00
00
00
00
00
00
Amount Invested.
$11,000
5,000
10,000
5,000
5,000
5,000
00
00
00
00
00
00
10,000
5,000
11,550 00
5,575 00
10,000 00
5,000 00
$56,000
$63,896 00
$56,000 00
Boston Terminal Company Bonds.
Estimated
Par Value.
Boston Terminal Company 3£s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,000
Market Value.
$23,200 00
Amount Invested.
$20,000 00
[Pub. Doc
REPORT OF THE
322
Lexington Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$15,470 40
40.000 00
45.000 00
2 i per cent.
3f
4
“
Amount.
$5,000 00
10,000 00
18,500 00
Rate.
4f per cent.
4A
4|
“
“
Amount.
Rate.
$127,675 00
91,281 00
5 per cent.
6
Amount invested in real estate for banking purposes..................................... $6,557 52
Estimated value of the s a m e , ....................................................................
7,500 00
Assessed value of the sa m e,.............................................................................
7,500 00
Net income received from same during year ending Oct. 31, 1901,
.
82 70
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,...................................................................................................... 17,254
66
Assessed value of the sa m e,.............................................................................
18,400 00
Number of loans which are of an amount not exceeding $3,000 each, 100
Aggregate amount of the s a m e ,.................................................................... 151,431 00
Total number of loans upon real e s t a t e , ...........................................99
Amount of investments from which no income is received, .
.
.
.
10,389 47
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
22,117 02
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-annualdividend f 1| per cent., $7,861 32 1 ^ ggg ^
during the year ending Oct. 31, 1901,.
.
1 If per cent.,
7,972 05 J
Number of accounts opened during the year endingOct. 31,1901,
. 170
Number of accounts closed during the year ending Oct. 31,1901,
. 118
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,660
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
1,135 74
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
83,719 80
Number of s a m e ,.....................................................................1,616
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
93,649 36
Number of s a m e ,.....................................................................1,279
Date of examination by commissioner: January 2.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS
323
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, 56.
J o h n A. F a u l k n e r , President.
A u s t in K. C h a d w i c k , Treasurer.
A u s t in K . C h a d w i c k , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
A u s t in K. C h a d w i c k ,
G e o r g e L. H o o p e r ,
W il l ia m F . W il d e r ,
A r t h u r St a p l e s ,
Sam uel H . T hom pson.
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 Sh e e t O ct . 31, 1901.
A ssets .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Deposits in banks, on interest, .
Suspense account,
Cash on hand, . . . .
L ia b ilit ies .
$25,000
140,329
3,600
310,000
00
00
00
00
65,000 00
1,632,251 00
628,959 50
3,640
17,941
803
3,557
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
Bank liquidation ac
count, .
$2,660,402 21
131,500 00
36,085 46
3,093 37
00
20
20
14
$2,831,081 04
$2,831,081 04
Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston, .
Prescott National Bank, Lowell,..................................
Middlesex Safe Deposit and Trust Company, Lowell,
Loans on Bank Stock, amount on each: —
shares Old Boston National Bank, Boston, . .
.
.
1 share National Webster Bank, Boston,
.
.
.
.
2 shares Appleton National Bank, Lowell,
.
26 shares Prescott National Bank, Lowell.................................
5 shares Railroad National Bank, Lowell,
.
3 shares Middlesex Safe Deposit and Trust Company, Lowell,
6
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,830 69
3,110 51
10,000 00
1
I
\
I
$3,000 00
J
500 00
100 00
[Pub. Doc,
REPORT OF THE
324
Lowell Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Par Value.
City of Cambridge, Mass., 3is,
$25,000
Market Value.
$27,000 00
Amount Invested.
$25,000 00
Detailed Statement o f Bank Stocks.
V
*7
2
O
. cuu
©
Atlas National B’k, Boston, .
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
Freemans Nat’l Bank, Boston,.
Lincoln Nat’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,.
National Bank of the Commonwealth, Boston,
100 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,
34 N’l Hide & Leather B’k, Boston,
126 Nat’l Shawmut Bank, Boston,.
40 National Union Bank, Boston,
25 Second National Bank, Boston,
5 Shawmut Nat’l Bank, Boston,.
60 Shoe & Leather N ’1B’k, Boston,
20 State National Bank, Boston, .
61 Suffolk National Bank, Boston,
35 Tremont Nat’l B’k, Boston,
20 Washington N’l Bank, Boston,
85 First National Bank, Lowell, .
35 Merchants Nat’l B’k, Lowell, .
100 Old Lowell Nat’l B’k, Lowell,
135 Prescott Nat’l Bank, Lowell, .
78 Railroad Nat’l Bank, Lowell, .
20 Wamesit Nat’l Bank, L ow ell,.
44
33
52
50
5
31
40
10
40
20
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Estimated
Market Value.
Amount Invested.
$4,400
759
5,200
5,000
500
3,100
400
1,000
4,000
$4,708
165
5,460
7,500
650
3,131
120
1,750
5,040
00
00
00
00
00
00
00
00
00
$4,400
759
5,200
5,000
500
3,100
400
1,000
4,000
2,000
10,000
1,000
3,920
12,500
1,510
250
2,380
4,216
25,200
6,040
4,500
5
9,000
2,220
7,015
350
2,220
11,900
4,900
10,800
14,850
9,750
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
2,000 00
10,000 00
1,000 00
1,700 00
3,400 00
18,900 00
4,000 00
2,500 00
$164,050 00
$140,329 00
-
1,700
3,400
12,600
4,000
2,500
-
6,000
2,000
6,100
1,750
2,000
8,500
3,500
10,000
13,500
7,800
2,000
$124,709
00
00
00
00
00
00
00
00
00
-
6,000
2,000
6,100
1,750
2,000
11,305
3,500
12,075
16,740
9,000
2,000
00
00
00
00
00
00
00
00
00
00
00
No. 8.]
SAVINGS BANK CO M M ISSIO N E D .
325
Lowell Five Cents Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 3¿s, .
Cleveland & Pittsburgh R.R. 3£s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4£s, .
New Aork, New Haven & Hartford
R.R. 3ès...........................................
Norwich & Worcester R.R. 4s,
$25,000
25,000
75,000
20,000
25,000
50,000
15,000
50,000
25,000
$310,000
Estimated
Market Value.
$27,500
25,750
79,125
22,300
27,375
56,250
16,575
00
00
00
00
00
00
00
52,500 00
28,000 00
Amount Invested.
$25,000
25,000
75,000
20.000
25,000
50,000
15,000
00
00
00
00
00
00
00
50,000 00
25,000 00
$335,375 00 $310,000 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Rate.
Amount.
Rate.
Amount.
Rate.
per cent.
“
4
“
$295,000 00
687,244 50
51,900 00
4f per cent.
H
“
4|
$1,052,466 00
29,850 00
43,350 00
5 per cent.
5è
“
6
»
Amount.
$4,830 69
3,110 51
118,640 00
2
2è
Amount invested in real estate for banking purposes,
.
.
.
.
Estimated value of the s a m e , ....................................................................
Assessed value of the sa m e ,.............................................................................
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 462
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................539
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
Time 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 ( 2 per cent., $47,883 6 6 1
during the year ending Oct. 31, 1901, .
. 1 1| per cent.,
43,513 15 >
Number of accounts opened during the year ending Oct. 31, 1901,
2,845
Number of accounts closed during the year ending Oct. 31, 1901,
2,273
Total number of open accounts Oct. 31, 1901,
.
.
.
.
11,565
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of same........................................................................................ 17,181
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
Number of same...........................................................................................8,994
Date of examination by commissioner: March 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$65,000
65,000
56,420
204
00
00
00
29
556,296 00
122,388 58
91,396 81
8,689 29
557,643 33
487,143 35
326
[Pub. Doc,
REPORT OF THE
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, 50.
A. St. J oh n C h a m b e b , President.
G e o r g e J. C a r n e y , Treasurer.
G e o r g e J. C a r n e y , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
G e o r g e J. C a r n e y ,
J a m e s W . B. S h a w ,
J o h n J. C o l t o n ,
F r e d e r ic k T a y l o r ,
C h a r l e s H . H o b so n .
Open for business every business day for deposits, 9 a .m . to 2 p . m . ; Saturdays, 7 to 9 p .m . ;
for payments, Tuesdays, Thursdays, Saturdays, 9 a . m . to 2 p . m . ;
Saturdays, 7 to 9 p .m .
B a l a n c e S h eet O ct . 31, 1901.
L ia b ilit 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
(notes).......................................
Deposits in banks, on interest, .
Reconstruction account,
$300,000 00
124,919 00
18,100 00
20,334 06
1,935,473 16
1,377,300 00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
Suspense account, .
Real estate income
account,
$5,269,853 66
277,518 05
18,667 68
15,275 01
2,766 39
1,600,720 00
190,623 96
16,610 61
$5,584,080 79
$5,584,080 79
Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , .................................................................... $100,000 00
Merchants National Bank, Lowell...................................................................
15,623 96
Wamesit National Bank, L o w e l l , ............................................................
75,000 00
Loans on Bank Stock, amount on each : —
93 shares Wamesit National Bank, Lowell,
10 shares Prescott National Bank, Lowell, .
31 shares Railroad National Bank, Lowell,
44 shares First National Bank, Lowell,
12 shares Prescott National Bank, Lowell, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,000 00
:}
3,500 00
4,400 00
1,200 00
No. 8.]
SAYINGS BANK COMMISSIONERS
327
Lowell Institution for Savings — Continued.
Detailed Statement o f Public Funds.
Estimated
Par Value.
United States 4s,
.
.
$300,000
.
Market Value.
Amount Invested.
$336,000 00 $300,000 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
142
344
174
161
473
160
107
Estimated
Par Value.
Columbian N’l B’k, Boston,
Merchants N’l Bank, Boston, .
National Eagle Bank, Boston,
New England N’l B’k, Boston,
Second Nat’l Bank, Boston,
First National Bank, Lowell, .
Merchants Nat’l Bank, Lowell,
Market Value.
$71
34,400
348
16,100
47,300
16,000
10,700
$124,919
$142
60,200
522
23,184
85,140
22,400
14,980
00
00
00
00
00
00
00
$206,568 00
Amount Invested.
$71
34,400
348
16,100
47,300
16,000
10,700
00
00
00
00
00
00
00
$124,919 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$315,623
75.000
150,000
207,800
104,500
70.000
368,550
Kate.
96
00
00
00
00
00
00
2
2é
per cent.
“
“
3
3|
H
3%o
3i
“
“
Amount.
$ 1 2 ,0 0 0
237,500
650.000
5,490
118.000
1,039,030
75,000
00
00
00
00
00
00
00
Rate.
Amount.
Rate.
355Aoo per ct.
3$
3|
“
3%o
3&
4
“
415/k
“
$167,200 00
651,000 00
34,500 00
823,155 47
4^ per cent.
4A
“
4|
“
5
“
5*
“
6
«
1 0 ,0 0 0 0 0
7,867 69
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 same, .............................................................................
42,350 00
Net income received from same during year ending Oct. 31, 1901,
. .
996 06
Number of loans which are of an amount not exceeding $3,000 each, 168
Aggregate amount of the s a m e , ....................................................................
230,344 84
Total number of loans upon real e s t a t e , ...........................................276
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
222,019 30
Times for the dividends fixed by the by-laws : first Saturday in May and
November; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
328
[Pub. Doc
Low ell Institution for Savings — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $102,823 03
during the year ending Oct. 31, 1901, .
. 11^ per cent.,
78,999 52
Number of accounts opened during the year ending Oct. 31, 1901,
1,558
Number of accounts closed during the year ending Oct. 31, 1901,
1,770
Total number of open accounts Oct. 31, 1901,
. . .
.
12,381
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)................................................. ..............................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of same.........................................................................................11,230
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of same......................................................................................... 13,662
Date of examination by commissioner : April 4.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
14,911 48
735,821 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
329
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.
G eorge
D.
Present number of corporators, 35.
President.
G e o r g e A. B i r n i e , Treasurer.
G e o r g e A. B i r n i e , Clerk of the Corporation.
Green,
Names of committee charged with the investment of its funds:
G eorge D . G r ee n ,
A . H . H alford,
E . E . F uller,
M . H . L yons,
W .
S.
Co l w e l l .
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 alance
Sh ee t
O ct.
A ssets .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Insurance account,
Cash on hand, .
.
.
.
31,1901.
L ia b ilit ie s .
$ 1 ,1 0 0
00
1 ,0 0 0 00
88,991
22,788
150
16,552
7,153
77
72
3,369
87
82
00
89
53
Deposits, .
Guaranty fund,
Interest account,
$138,673 01
2,010 38
573 52
68
29
83
$141,256 91
$141,256 91
Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, Springfield,............................................................$4,202 34
Pynchon National Bank, Springfield,...........................................................
7,153
Second National Bank, Springfield,...........................................................
5,834
Springfield National Bank, S p rin g fie ld ,...................................................
3,754
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
2,761
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* This amount is in excess of the legal limit.
53*
62
10
83
[Pub. Doc
REPORT OF THE
330
L u d lo w Savings B a n k — Concluded.
Detailed Statement o f Bank Stocks.
73
O. U
<U
o 2
fc 53
10
Par Value.
City Nat’l Bank, Holyoke,
$1,000
Estimated
Amount Invested.
Market Value.
$1,150 00
$1,100 00
Detailed Statement o f Bailroad Bonds.
Par Value.
$1,000
Connecticut River R.R. 4s,
Estimated
Market Value.
Amount Invested.
$1,155 00
$1,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$16,552 89
72,150 00
Kate.
3 per cent.
5
“
Amount.
$13,560 69
Rate.
5£ per cent.
Rate.
Amount.
$26,220
00
6
per cent.
Number of loans which are of an amount not exceeding $3,000 each,
87
$80,291 87
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................89
Gross amount of interest or profits received or earned, as per books,
6,231 88
during year ending Oct. 31, 1 9 0 1 , ............................................................
Times for the dividends fixed by the by-laws: April 1 and October 1; pay
able on same days.
Rate and amount of each semi-annual dividend f 2 per cent.,
$2,184 83 |
4,667 17
during the year ending Oct. 31, 1901, .
. 1 2 per cent.,
2,482 341
Number of accounts opened during the year ending Oct. 31, 1901, . 241
Number of accounts closed during the year ending Oct. 31, 1901,
. 166
Total number of open accounts Oct. 31, 1 9 0 1 , .................................. 808
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
844 21
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
55,581 22
ending Oct. 31, 1901.........................................................................................
Number of s a m e ,.............................................................................1,762
Amount of withdrawals, including dividends, during the year ending
39,636 22
Oct. 31,1901.......................................................................................................
Number of s a m e ,.............................................................................. 716
Date of examination by commissioner: February 25.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
331
L Y N N F IV E CENTS S A V IN G S B A N K — L Y N N .
Incorporated May 15, 1855. Present number of corporators, 65.
R
o l l in
E . H a r m o n , President.
H e n r y E . N e w h a l l , Treasurer.
H e n r y E . N e w h a l l , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
R o l l in E . H a r m o n ,
Charles H . N e w h a ll,
J a m e s S. N e w h a l l ,
R u fu s K i m b a l l ,
H enry A . P evear.
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 Sh e e t O c t . 31, 1901.
A ssets .
Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Loans on railroad stock, .
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Taxes, etc., paid,
Tax titles,..................................
Cash on hand, . . .
.
L ia b ilit ie s .
$83,000
953.000
134,187
42,175
171,572
414.000
00
00
64
00
80
00
2 1 ,0 0 0 00
33,661
31,240
1,204,966
1,561,701
83,413
4,151
596
452
9,552
99
11
02
00
83
64
24
83
83
$4,748,671 93
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
Interest on mortgages
held as collateral,.
Due on mortgage
loan,
$4,376,658 82
217,750 00
154,144 61
18 26
100 24
$4,748,671 93
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,
.
.
.
.
Lynn National Bank, Lynn,
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$16
31,748
4,228
14,199
8,220
25,000
67
15
47
89
65
00
REPORT OF THE
332
[Pub. Doc
Lynn Five Cents Savings Bank — Continued.
Loans on Public Funds, amount on each : —
$20,000 Lawrence, Mass., 4s,
6.000 Holyoke, Mass., 4s,
. . .
4.000 New Britain, Conn., 4s, .
2.000 United States 4s.................................
7.000 Rutland, Vt., 4s................................
44.000 Clinton, Mass., 34s, .
.
.
.
8.000 County of Middlesex, Mass., 4s,
3.000 Massachusetts 34s, .
.
.
.
2-5,000 Massachusetts 34s, .
.
.
.
5.000 County of Penobscot, Me., 3£s,
6.000 Stamford, Conn., 34s,
40.000 Meriden, Conn., 34s,
3.000 Brockton, Mass., 34s,
27.000 Lewiston, Me., 34s, .
.
.
.
5.000 New Britain, Conn., 34s,.
14.000 Cromwell, Conn., 34s,
25.000 Framingham, Mass., note,
10.000 Framingham, Mass., note,
1,800 Dighton, Mass., note,
45.000 Fall River, Mass., 3£s, .
33.000 Meriden, Conn., 34s,
13.000 Massachusetts 34s, .
.
.
.
10.000 Fall River, Mass., 34s, .
10.000 Cambridge, Mass., 34s, .
35.000 Stoneham, Mass., 34s,
5.000 Middletown, Conn., 34s, .
195.000 Massachusetts 34s, .
.
.
.
5.000 Watertown, Mass., 34s, .
10.000 Providence, R. I., 5s,
10.000 Providence, R. I., 4s,
1.000 Ludlow, Mass., 34s,
20.000 Methuen, Mass., 34s,
86.000 Stoneham, Mass., 34s,
21.000 Gardner, Mass., 34s,
7.000 Somerville, Mass., 34s, .
1.000 Quincy, Mass., 34s, .
. . .
116.000 Massachusetts 3s, .
10.000 Middletown, Conn., 34s, .
26.000 Massachusetts 34s, . . .
.
59.000 Norwalk, Conn., 34s,
5.000 Fall River, Mass., 34s, .
1
$85,000 00
J
25.000 00
10.000 00
1I
!i
75.000 00
j
1
I
50.000 00
J
}
78.000
00
13,000
00
1
I
I
[s
269,000 00
1
I
l-
136,000 00
!
j
i
II
!-l
I
212,000 00
J
Loans on Bank Stock, amount on each: —
10 shares Manufacturers National Bank, Lynn,
5 shares Lynn National Bank, Lynn,
.
.
.
.
10 shares Security Safe Deposit and Trust Company, Lynn,
2 shares Railroad National Bank, Lowell,
60 shares Security Safe Deposit and Trust Company, Lynn,
160 shares Shoe and Leather National Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$700 00
500 00
800 00
175 00
5.000 00
16.000 0 0
No. 8.]
SAYINGS BANK COMMISSIONERS.
333
Lynn Five Cents Savings Bank — Continued.
100 shares National Bank of the Republic, Boston, .
73 shares Washingtön National Bank, Boston,.
10 shares Massachusetts Loan and Trust Co., Boston,
10 shares Natick National Bank, Natick, .
’I
; j-
$19,000 00
•j
Loans on Railroad Bonds, amount on each : —
$16,000 Boston & Lowell R.R. 3^8, .
.
.
.
1.000 Boston, Concord & Montreal R.R. 6 s, .
23.000 Illinois Central R.R. 3^s,
. . . .
1.000 Concord & Montreal R.R. 4s,
1.000 New York & New England R.R. 6 s, .
83.000 Illinois Central R.R. 3¿s,
. . .
.
25.000 Fitchburg R.R. 4 s , ..................................
19.000 New York, New Haven & Hartford R.R. 3Js,
8.000 Fitchburg R.R. 5 s , ..................................
5.000 Boston & Maine R.R. 4¿s, .
. . .
9.000 New York, New Haven & Hartford R.R. 3^s,
4.000 Chicago, Burlington & Quincy R.R. 3¿s,
16.000 Illinois Central R.R. 3¿s,
.
.
.
.
200,000 Cleveland & Pittsburgh R.R. 3^s,.
6.000 Cleveland & Pittsburgh R.R. 4£s,.
10.000 Boston & Maine R.R. 4£s, . . .
.
12.000 Fitchburg R.R. 4 s , ..................................
•i
$38,000 00
•i
J
:}
:i
1 0 0 ,0 0 0 00
25,000 00
•}
18,000
00
15,000 00
:}
206,000
00
1 2 ,0 0 0 00
Loans on Railroad Stock, amount on each : —
15 shares Boston & Lowell R . R . , ............................................................t
50 shares Old Colony R . R . , .................................................................... J- $20,000 00
100 shares New York, New Haven & Hartford R.R.,
.
.
.
.>
1,000 00
11 shares Boston & Maine R . R . , ........................................................
Detailed Statement o f Public Funds.
Par Value.
City of Chicago, 111., 4s, .
of Grand Rapids, Mich., 4s,
of Lynn, Mass., 4s, .
of Manchester, N. H., 4s,.
of Newton, Mass., 5s,
of Peoria, 111., 4^s, .
of Rockford, 111., 4£s,
Town of Framingham, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
Estimated
Market Value.
$25,000
5,000
12,000
1,000
5,000
10,000
21,000
4,000
$27,437
5,175
12,030
1,060
5,350
10,600
22,060
4,170
$83,000
$87,882 50
* A legal investment when made.
50
00
00
00
00
00
00
00
Amount Invested.
$25,000
5,000
12,000
1,000
5,000
10,000
21,000
4,000
00
00
00
00
00
00*
00
00
$83,000 00
334
REPORT OF THE
[Pub. Doc.
L y n n F iv e C ents Savin gs B a n k — Continued.
No. of
Shares.
Detailed Statement o f Bank, Stocks.
37
14
15
253
42
23
4
60
127
15
63
30
50
78
61
276
Par Value.
Blackstone N’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,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
National Union Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Georgetown National Bank,
Georgetown,
Central National Bank, Lynn,
First National Bank, Lynn,
National City Bank, Lynn,
Estimated
Market Value.
Amount Invested.
$851
1,400
1,500
25,300
4,200
2,300
400
6,000
12,700
1,500
3,150
3,000
$185
1,470
1,515
31,625
6,342
3,220
496
12,000
19,177
2,250
630
4,800
00
00
00
00
00
00
00
00
00
00
00
00
$851
1,400
1,252
30,000
4,200
2,957
373
9,000
15,500
1,500
3,150
3,000
00
00
50
00
00
50
17
00
00
00
00
00
5,000
7,800
6,100
27,600
5,000
11,700
6,710
42,780
00
00
00
00
5,000
9,613
6,850
39,539
00
97
00
50
$108,801
$149,900 00 $134,187 64
Detailed Statement o f Railroad Bonds.
Par Value.
Illinois Central R.R. 5s,
New York & New England R.R. 6s,
New York & New England R.R. 7s,
$15,572 80
18,000 00
138,000 00
Estimated
Market Value.
$15,806 39
19,305 00
152,490 00
Amount Invested.
$15,572 80
18,000 00
138,000 00
$171,572 80 $187,601 39 $171,572 80
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
$ 3 5 ,9 9 3
2 2 ,4 2 0
2 0 4 .0 0 0
3 2 5 .0 0 0
4 6 1 .0 0 0
29
54
00
00
00
2 p e r cen t.
2è
“
3
3è
“
3|
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Kate.
Amount.
$ 6 9 ,0 0 0
1 ,5 2 2 ,4 0 0
5 0 ,0 0 0
3 2 2 ,5 0 0
14 5 ,3 0 0
00
00
00
00
00
3 J p e r cen t.
4
“
4i
41
“
H
“
Kate.
Amount.
$ 2 5 ,0 0 0
2 8 1 ,5 0 0
7 9 6 ,4 1 6
19 ,3 2 6
4 00
00
00
02
00
00
4| p e r cen t.
5
5i
6
6h
“
No. 8.]
SAYINGS BANK COMMISSIONERS.
335
Lynn Five Cents Savings Bank — Concluded.
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the s a m e ,............................................................................
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise...........................................................................................................
Assessed value of the sam e,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 969
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , .................................. 1,020
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
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., $79,454 39 I
during the year ending Oct. 31, 1901,
.
1 1| per cent.,
71,504 50 i
Number of accounts opened during the year ending Oct. 31, 1901,
3,906
Number of accounts closed during the year ending Oct. 31, 1901,
2,733
Total number of open accounts Oct. 31, 1901..................................
21,977
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of same, .............................................................................31,016
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
Number of same, .
.................................................................... 20,416
Date of examination by commissioner: March 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$33,661
34,000
32,100
1,389
99
00
00
81
31,240 11
47,572 00
778,842 02
204,157 28
150,958 89
12,624 22
929,501 50
883,244 75
336
REPORT OF THE
[Pub. Doc
L Y N N INSTITUTION " FOR S A V IN G S — L Y N N .
Incorporated June 20, 1826.
Present number of corporators, 49.
P h i l i p A. C h a s e , President.
W a l t e r E. S t m o n d s , Treasurer.
W a l t e r E. S y m o n d s , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
P h i l i p A. C h a s e ,
L u t h e r S. J o h n so n ,
Jo seph B . B r e e d ,
W il l ia m B a sse t.
Open for business every business day, 9 a . m . to 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 ct . 31, 1901.
A ssets .
Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s),..................................
Deposits in banks, on interest, .
Tax titles,..................................
Cash on hand, . . . .
L ia b il it ie s .
$863,650
75.000
140,428
4,500
696,054
00
00
00
00
95
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$4,772,886 30
235,000 00
208,506 08
30.000 00
1,474,656 00
1,609,153 00
77.000
232,704
784
12,461
00
00
53
90
$5,216,392 38
$5,216,392 38
Cash on Deposit in Banks, amount in each: —
First National Bank, L y n n , .......................................................................... $157,704 00
Lynn National Bank, L y n n , .....................................................................
50,000 00
National City Bank, L y n n ,.............................................................................
25,000 00
Loans on Public Funds, amount on each: —
$50,000 Massachusetts 3 £ s ,.................................................................................... $50,000 00
30,000 Massachusetts 3 s , .........................................................................
25,000 00
Loans on Bank Stock, amount on each: —
25 shares Security Safe Deposit and Trust Company, Lynn,
.
.
.
20 shares First National Bank, Lynn,............................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,500 00
2,000 00
No. 8.]
337
SAYINGS BANK COMMISSIONERS
Lynn Institution for Savings — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .
Estimated
Market Value.
Par Value.
Massachusetts 3^s, .
.
.
.
District of Columbia 6s, .
City of Akron, Ohio, 5s, .
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cambridge, Mass., 4s, .
of Cambridge, Mass., 6 s,.
of Canton, Ohio, 5s, .
of Chicago, 111., 4s, .
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s, .
of Detroit, Mich., 4s,
of Fitchburg, Mass., 6s, .
of Hartford, Conn., 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 3^s,
of Milwaukee, Wis , 5s, .
of Nashua, N. H , 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 Northbridge, Mass., 5s,
of South Abington, Mass., 4s,
50
50
50
50
50
00
50
00
00
00
00
00
00
00
25
50
00
00
50
00
00
00
00
00
00
00
50
00
Amount Invested.
$150,000
22,500
25,000
65,000
00
00
00
00
$150,000
22,500
25,000
65,000
6,000
30,000
10,000
5,000
50,000
10,000
25,000
45,000
79,000
25,000
137,150
15,000
20,000
20,000
5,000
10,000
20,000
25,000
14,000
2,000
10,000
28,000
5,000
5,000
$162,312
23,062
25,062
70,362
6,292
32,425
10,597
5,175
55,000
10,200
25,500
49,950
86.110
27,500
142,870
15,637
22,100
21,350
6,087
10,675
21,250
27,250
16,030
2,080
10,900
29,680
5,012
5,350
$863,650
$925,822 75 $863,650 00
6 ,0 0 0 0 0
30,000
10,000
5,000
50,000
10,000
25,000
45,000
79,000
25,000
137,150
15,000
20,000
20,000
5,000
10,000
20,000
25,000
14,000
2,000
10,000
28,000
5,000
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
* Legal investments when made.
No. o f !
Shares.
D eta iled S ta tem en t o f B a n k Stocks.
58
36
25
10
25
118
55
34
Par Value.
Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston, .
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of the Republic, Boston,
N’l Exchange Bank, Boston, .
N’l Hide & Leather B’k, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,800
828
2,500
1,000
2,500
11,800
5,500
3,400
Estimated
Market Value.
$7,076
180
4,375
1,010
2,425
17,818
7,700
4,216
00
00
00
00
00
00
00
00
Amount Invested.
$5,800
828
2,500
1,000
2,500
11,800
5,500
3,400
00
00
00
00
00
00
00
00
[Pub. Doc
REPORT OF THE
338
Lynn Institution for Savings — Continued.
Detailed Statement o f Bank Stocks — Concluded.
o2
O c3
y
Estimated
Market Value.
^ 55
100 Nat’l Rockland Bank, Boston,.
78 N’l Shawmut Bank, Boston, .
92 National Union Bank, Boston,.
59 New England N’l B’k, Boston,
75 Second National Bank, Boston,
20 Shawmut Nat’l Bank, Boston,.
15 Winthrop Nat’l Bank, Boston,
200 Central National Bank, Lynn,
200 First Nat’l Bank, Lynn, .
213 National City Bank, Lynn,
$10,000
7,800
9,200
5,900
7,500
1,500
20,000
20,000
21,300
$136,528
$12,800
15,600
13,892
8,496
13,500
20
2,400
30,000
22,000
33,015
00
00
00
00
00
00
00
00
00
00
$196,523 00
$10,000
11,700
9,200
5,900
7,500
00
00
00
00
00
-
1,500
20,000
20,000
21,300
00
00
00
00
$140,428 00
Detailed Statement o f Railroad Bonds.
Par Value.
Albany & Susquehanna R.R. 7s, .
Boston & Albany R.R. 5s, .
Boston & Maine R R. 4¿s,
Boston & Providence R.R. 4s,
Boston, Concord & Montreal R.R.
6s..................................................
Burlington & Missouri River R.R.
6 s , ...........................................
Chicago, Burlington & Quincy
R.R. 3¿s, ..................................
Chicago, Burlington & Quincy
R.R. 4s.........................................
Chicago & Northwestern R R. 7s,
Concord & Montreal R.R. 4s,
Eastern R.R. 6s...............................
Fitchburg R.R. 5s,
. . .
Hannibal & St. Joseph R.R. 6s, .
Maine Central R.R. 7 s,.
Milwaukee, Lake Shore & Western R.R. 6s,
. . .
New Haven & Northampton R.R.
6 s , ...........................................
New York & New England R.R.
6 s , ...........................................
New York & New England R.R.
7 s , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000
10,000
25,000
20,000
00
00
00
00
Estimated
Market Value.
$28,500
10,000
31,500
21,700
00
00
00
00
Amount Invested.
$25,000
10,000
25,000
20,000
00
00
00
00
46,000 00
55,200 00
46,000 00
25,000 00
30,250 00
25,000 00
25,000 00
25,500 00
25,000 00
95,000
20,000
35,000
78,054
25,000
20,000
43,000
00
00
00
95
00
00
00
102,650
27,800
38,150
86,951
25,500
23,800
55,900
00
00
00
00
00
00
00
95,000
20,000
35,000
78,054
25,000
20,000
43,000
00
00
00
95
00
00
00
25,000 00
33,875 00
25,000 00
11,000 00
12,430 00
11,000 00
25,000 00
26,812 50
25,000 00
75,000 00
82,875 00
75,000 00
No. 8.]
339
SAYINGS BANK COMMISSIONERS
Lynn Institution for Savings — Concluded.
D eta iled Sta tem en t o f R a ilro a d B o n d s —
Par Value.
New York, New Haven & Hart
ford R.R. 8£s, .
.
.
.
Old Colony R.R. 4és, .
Portsmouth, Great Falls & Con
way R.R. 4 £ s ,............................
Troy & Boston R.R. 7s,
Winona & St. Peters R.R. 7s,
Concluded.
Estimated
Amount Invested.
Market Value.
$25,000 00
10,000 00
$26,250 00
10,150 00
$25,000 00
10,000 00
5,000 00
10,000 00
18,000 00
6,150 00
15,300 00
25,110 00
5,000 00
10,000 00
18,000 00
$696,054 95 $802,353 50 $696,054 95
Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter es t.
Kate.
Amount.
$157,704
75,000
115.000
338.000
155.000
00
00
00
00
00
2 J per
cent.
3
3é
3*
3J
“
«
“
Amount.
Kate.
$1,016,000 00
115,000 00
25,000 00
290,150 00
18,500 00
4 per cent.
4i
“
4f
“
H
“
4|
Rate.
Amount.
$787,354
291,030
88,375
900
00
00
00
00
5 per cent.
6i
“
6
“
7
Amount invested in real estate for banking purposes,..................................
Estimated value of the same,.............................................................................
Assessed value of the sa m e,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 413
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................529
Gross amount of interests or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
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 r 2 per cent., $87,765 10 1
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
88,975 95 I
Number of accounts opened during the year ending Oct. 31,1901,
1,579
Number of accounts closed during the year ending Oct. 31,1901,
1,229
Total number of open accounts Oct. 31, 1901,
.
.
.
.
12,809
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,....................................................................................13,033
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,....................................................................................10,852
Date of examination by commissioner: May 28.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$30,000 00
50.000 00
30.000 00
585,282 00
230,410 87
176,741 05
9,144 90
670,268 00
671,213 09
340
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, 41.
J a m e s P i e r c e , President.
F r a n c is A. S h o v e , Treasurer.
F r a n c is A . S h o v e , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
Jam es P ie r c e ,
A b r a m G. H i l l ,
E v e r e t t J. S t e v e n s ,
Jo h n P . H o l d e n ,
F r a n k F . S il l im a n ,
W i l l i a m G. A . T u r n e r .
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 ala n c e S h e e t O ct . 31, 1901.
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
(notes).......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .
L ia b ilit ie s .
$282,550
41,550
324,300
60,000
17,476
1,790,314
1,274,400
00
00
00
61
00
00
112,471
500
76,870
730
2,631
00
00
79
71
99
00
$3,983,795 10
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$3,751,672 40
1 2 0 ,0 0 0 00
7,123 38
104,999 32
$3,983,795 10
Cash on Deposit in Banks, amount in each: —
Boston Safe Deposit and Trust Company, B o s t o n ,.................................. -$5,415 10
Winthrop National Bank, B o s t o n , ............................................................
25,404 77
Lawrence National Bank, Lawrence,............................................................
15,000 00
First National Bank, M a l d e n ,....................................................................
26,050 92
Middlesex County National Bank, Winchester, .
.
.
.
.
.
5,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
341
SAYINGS BANK COMMISSIONERS
Malden Savings Bank — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .
*
Estimated
Par Value.
City of Bangor, Me., 6s, .
of Boston, Mass., 3¿s,
of Brockton, Mass., 3és, .
of Brockton, Mass., 4s,
of Burlington, Vt., 4s,
of Cambridge, Mass., 3¿s,
of Cambridge, Mass,, 4s, .
of Canton, Ohio, 3£s,
of Eastport, Me., 4s,
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4¿s, .
of Holyoke, Mass., 4s,
of Malden, Mass., 3|s,
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 Old Orchard, Me., 4s,
of Orange, Mass., 4s,
of Sharon, Mass., 4s,
of Waltham, Mass., 4s, .
of Winchester, N. II,, 4s,
$5,000
1,000
22,750
6,000
1,000
25,000
2,000
4,500
10,000
6,000
2,000
1,000
5,500
102,000
5,000
13,000
5,000
7,000
1,000
4,800
15,000
3,000
10,000
4,000
1,000
10,000
1,000
4,000
4,000
1,000
Market Value.
$5,412
1,047
23,210
6,135
1,097
25,500
2,150
4,725
10,800
6,480
2,220
1,032
5,500
107,570
5,375
13,432
5,260
7,595
1,000
4,836
15,762
3,357
11,225
4,050
1,010
10,900
1,015
4,360
4,260
1,037
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
Amount Invested.
$5,000
1,000
22,750
6,000
1,000
25,000
2,000
4,500
10,000
6,000
2,000
1,000
5,500
102,000
5,000
13,000
5,000
7,000
1,000
4,800
15,000
3,000
10,000
4,000
1,000
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
$282,550 $297,352 50 $282,550 00
* A legal investment when made.
Ko. o f ÍT
Shares. 1
D eta iled S ta tem en t o f B a n k Stocks.
23
20
15
15
30
13
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
First National Bank, Boston, .
Freemans Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
N’l Bank of Commerce, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,300
2,000
1,500
1,500
3,000
1,300
Estimated
Market Value.
$2,806
2,140
2,625
1,515
5,250
1,638
00
00
00
00
00
00
Amount Invested.
$2,300
2,000
1,500
1,500
3,000
1,300
00
00
00
00
00
00
REPORT OF THE
342
[Pub. Doc.
Malden Savings B an k— Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
55
73
25
14
5
10
16
47
5
68
Par Value.
N’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Hamilton Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston,.
Old Boston N’l Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, Malden, .
$5,500
7,300
2,500
1,400
500
1,000
-
4,700
250
6,800
$41,550
Estimated
Market Value.
$6,875
10,220
2,500
1,736
640
990
16
5,217
50
10,744
00
00
00
00
00
00
00
00
00
00
$54,962 00
Amount Invested.
$5,500
7,300
2,500
1,400
500
1,000
00
00
00
00
00
00
_
4,700 00
250 00
6,800 00
$41,550 00
Detailed Statement o f Railroad Bonds.
Par Value.
Beech Creek R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3s, .
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Chicago & Northwestern R.R. 3ès, .
Chicago & Northwestern R.R. 6s, .
Concord & Claremont R.R. 4¿s,
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 4s,
Fitchburg R.R. 3<|s, .
.
.
.
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. 3¿s,
.
.
.
.
.
New York, New Haven & Hartford
R.R. 4s.............................................
Old Colony R.R. 4 s ,.
Portsmouth, Great Falls & Conway
R.R. 4 è s , ..................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$27,000
37,000
14,000
3,000
45,000
10,000
14,000
10,000
30,000
2,000
15,000
4,000
16,000
11,000
10,000
1,000
Estimated
Market Value.
$29,970
39,290
13,300
3,420
45,900
10,200
15,820
11,100
32,850
2,300
15,375
4,145
16,160
11,600
11,797
1,125
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$27,000
37,000
13,300
3,000
45,000
10,000
14,000
10,000
30,000
2,000
15,000
4,000
16,000
11,000
10,000
1,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
40,000
41,900 00
40,000 00
1,000
10,000
1,010 00
11,175 00
1,000 00
10,000 00
15,000
18,300 00
15,000 00
10,000
13,200 00
10,000 00
$325,000
$349,937 00 $324,300 00
No. 8.]
343
SAYINGS BANK COMMISSIONERS.
Malden Savings Bank — Concluded.
Boston Terminal Company Bonds.
Boston Terminal Company 3is,
Par Value.
Estimated
Market Value.
Amount Invested.
$60,000
$69,600 00
$60,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$31,466 02
25,404 77
2 0 ,0 0 0 00
126,471 00
1 0 ,0 0 0 00
per cent.
“
3
«
H
“
3|
“
2
2è
Rate.
Amount.
Rate.
3| per cent.
$277,800 00
49,900 00
991,235 00
207,200 00
453,079 00
4^ per cent.
4|
“
5
5è
6
“
Amount.
$175,000
25.000
482.500
30.000
349.500
00
00
00
00
00
4
4*
4J
“
Value, by books, of real estate, held or owned by foreclosure or other
wise, ............................................................................................................... $17,476
22,000
Assessed value of the same.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 766
Aggregate amount of the s a m e , .................................................................... 1,035,719
Total number of loans upon real e s t a t e , ...........................................897
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
173,237
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 ( 2 per cent., $66,255 87 )
135,567
during the year ending Oct. 31, 1901,.
.
( 2 per cent.,
69,311 91J
Number of accounts opened during the year ending Oct. 31, 1901,
2,006
Number of accounts closed during the year ending Oct. 31, 1901,
1,250
Total number of open accounts Oct. 31, 1901,
.
.
.
.
11,889
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
9,157
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
830,010
ending Oct. 3 1 ,1 9 0 1 ,.....................................................................................
Number of s a m e ,.............................................................................17,085
Amount of withdrawals, including dividends, during the year ending
655,515
Oct. 31, 1 9 0 1 , ..............................................................................................
10,705 .
Number of s a m e ,............................................................................
Date of examination by commissioner: April 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61
00
00
57
78
29
64
18
344
REPORT OF THE
M ARBLEHEAD
[Pub. Doc.
S A V IN G S B A N K — M A R B L E H E A D .
Incorporated March 18, 1871.
Present number of corporators, 53.
N a t h a n P. S a n b o r n , President.
W i l l i a m G i l l e y , Treasurer.
J o h n G . B r o u g h t o n , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
N a t h a n P . Sa n b o r n ,
W il l ia m R e y n o l d s,
W i l l i a m L. H o o p e r ,
R o b e r t C. B r i d g e ,
H e n r y A. P o t t e r .
Open for business every business day, 9 a . m . to 12 m .
B ala n c e S h e e t O ct . 31,1901.
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,
Deposit in bank, on interest,
Expense account,
Real estate expenses and taxes,
Cash on hand, .
.
.
.
L iab ilit ies .
$52,488 53
40,579 88
7 ,0 0 0 00
67,038
32,041
176,332
176,065
16,616
621
2,765
2,234
33
19
91
95
44
09
71
26
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$540,602 65
21,157 83
11,377 72
646 09
$573,784 29
$573,784 29
Cash on Deposit in Bank: —
Marblehead National Bank, Marblehead,................................................... $ 16,616 44
Loan on Bank Stock: —
73^ shares Martha’s Vineyard National Bank, Edgartown,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
$7,000 00
No. 8.]
345
SAVINGS BANK COMMISSIONERS
Marblehead Savings Bank — Continued.
Detailed Statement o f Public Funds.
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.
$10,000
10,000
10,000
3,000
18,500
$11,100
11,100
10,375
3,420
19,296
00
00
00
00
87
$51,500
$55,291 87
Amount Invested.
$10,000
10,000
10,000
3,501
18,986
00
00
00
58
95
$52,488 53
No. o f
Shares.
D eta iled S ta tem en t o f B a n k Stocks.
Par Value.
20 Blackstone N’l Bank, Boston, .
31 Boylston Nat’l Bank, Boston, .
25 Continental N’l Bank, Boston,
25 Merchants Nat’l Bank, Boston,
20 Mt. Vernon N’l Bank, Boston,
19 N’l B’k of Commerce, Boston,
29 N’l B’k of Redemption, Boston,
24 N ’l B’k of the Republic, Boston,
21 N’l Hide & Leather B’k, Boston,
25 Shawmut Nat’l Bank, Boston,.
21 Shoe & Leather N’l B’k, Boston,
58 State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
8
54 Marblehead National Bank,
Marblehead, .
.
.
.
38 N’l Grand Bank, Marblehead,.
Estimated
Market Value
2,100
5,800
800
$100
3,255
125
4,375
1,940
2,394
3,625
3,624
2,604
25
3,150
6,438
1,280
5,400
3,800
4,320 00
4,370 00
5,860 75
4,639 15
$35,260
$41,625 00
$40,579 88
$460
3,100
-
2,500
2,000
1,900
2,900
2,400
2,100
-
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$3,839 50
1—
3,331
2,215
2,440
3,342
3,072
2,639
25
20
00
25
00
33
-
2,100 00
6,300 45
800 00
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Par Value.
Boston & Lowell R.R. 4s,
Fitchburg R.R. 5s, .
Illinois Central R.R. 3<|s,.
Maine Central R.R. 4£s, .
Upper Coos R.R. 4s,
. . .
St. Johnsbury & Lake Champlain
R.R. 5 s,...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
19,000
8,000
10,000
5,000
Estimated
Market Value.
$10,325
20,235
8,080
11,000
5,350
00
00
00
00
00
Amount Invested.
$10,000
19,000
7,038
10,000
5,000
00
00
33
00
00
15,000
19,500 00
16,000 00
$67,000
$74,490 00
$67,038 33
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
347
SAYINGS BANK COMMISSIONERS
M AR LB O RO U G H S A V IN G S B A N K — M AR LB O R O U G H .
Incorporated April 3, 1860. Present number of corporators, 116.
L o r im a n S. B r ig h a m , President.
C h a r l e s F. H o l y o k e , Treasurer.
C h a r l e s F. H o l y o k e , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
L o r im a n S. B r i g h a m ,
W il l ia m L . M o rse,
W i l l i a m D. B u r d e t t ,
W in s l o w M. W a r r e n ,
B e n ja m in F. G r e e l e y .
Open for business every business day except Saturdays, 9
Saturdays, 9 a . m . to 12 m .
B alance
A ssets .
Sheet
to 12 m . ; 2 to 4 p . m . ;
O c t . 3 1 ,1 9 0 1 .
L ia b ilit 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,
Loans to counties, cities or towns
(notes), ..................................
Deposits in banks, on interest, .
Expense account,
Tax account,
. . . .
Suspense account,
Cash on hand...............................
a .m .
$423,800
137,859
292,000
153,625
00
00
00
00
56,000
81,901
881,876
53,765
00
75
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,973,666 65
97,700 00
18,708 13
34,901
88
$2,124,966
66
7 ,0 0 0 00
24,831
5,416
3,129
12
3,750
42
23
13
50
63
$2,124,966
66
Cash on Deposit in Banks, amount in each: —
First National Bank, Marlborough,........................................................... $21,540 75
Peoples National Bank, M a r lb o r o u g h ,...................................................
3,290 67
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
348
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., 6s, .
of Chelsea, Mass., 4s,
of Chicopee, Mass., 4s,
of Detroit, Mich., 4s,
of Fitchburg, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Keene, N. H., 4s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 5s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Pawtucket, R. I., 4s, .
of Quincy, Mass., 4s,
of Waterbury, Conn., 4 s,.
of Woburn, Mass., 4s,
of Worcester, Mass., 3^s,.
of Worcester, Mass., 4s, .
Town of Arlington, Mass , 4s,.
of Athol, Mass., 4s,
of Attleborough, Mass., 4s,
of Clinton, Mass., 4s,
of Gt. Barrington, Mass., 4s,
of Leominster, Mass., 4s,
of Melrose, Mass., 4s, .
of Peabody, Mass., 4s, .
of Plymouth, Mass., 3¿s,
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
$
20,000
25,000
11,000
15,000
7,000
1,000
10,000
15,000
5,000
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
1,800
5,000
10,000
5,000
5,000
17,000
5,000
10,000
9,000
5,000
15,000
10,000
15,000
10,000
10,000
5,000
8,000
15,000
$423,800
Estimated
Market Value.
),140 00
27,450 00
11,440 00
16,952 50
7,710 00
1,040 00
10,300 00
16,575 00
5,550 00
22,500 00
10,200 00
21,425 00
5,200 00
21,862 50
8,575 00
2,020 00
10,875 00
23,630 00
5,500 00
10,500 00
20,230 00
2,150 00
3,150 00
1,800 00
5,550 00
10,125 00
5,050 00
5,650 00
19,140 00
5,675 00
10,900 00
9,720 00
5,625 00
17,100 00
11,350 00
16,875 00
10,325 00
10,640 00
5,225 00
8,890 00
15,850 00
Amount Invested.
$ 20,000
00
25,000 00
11,000 00
15,000 00
7,000 00
1,000 00
10,000 00
15,000 00
5,000 00
20,000 00
10,000 00
20,000 00
5,000 00
20,000 00
7,000 00
2,000 00
10,000 00
22,000 00
5,000 00
10,000 00
18,000 00
2,000 00
3,000 00*
1,800 00
5,000 00
10,000 00
5,000 00
5,000 00
17,000 00
5,000 00
10,000 00
9,000 00
5,000 00
15,000 00
10,000 00
15,000 00
10,000 do
10,000 00
5,000 00
8,000 00
15,000 00
$460,465 00 $423,800 00
A legal investment when made.
No. 8.]
349
SAVINGS BANK COMMISSIONERS
Marlborough Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
80
33
12
37
94
45
70
12
25
70
5
50
20
15
42
150
50
75
13
100
25
50
60
50
72
33
50
52
30
15
97
100
14
8
Par Value.
Atlas National Bank, Boston, .
Blackstone N’ l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
Fourth National Bank, Boston,
Freemans Nat’l Bank, Boston,
Manufacturers N’l B’k, Boston,
Mechanics N’l Bank, Boston, .
Merchants Nat’l Bank, Boston,
Mt. Vernon N’l B’k, Boston, .
Nat’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,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,.
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
First National Bank, Clinton, .
First Nat’ l Bank, Marlborough,
Peoples N’l B’k, Marlborough,
Newton Nat’l Bank, Newton, .
City Nat’l Bank, Worcester, .
88,000
759
1,200
3,700
4,500
7,000
1,200
2,500
-
500
5,000
2,000
1,500
4,200
15,000
-
7,500
1,300
10,000
2,500
5,000
-
5,000
7,200
3,300
5,000
2,600
3,000
1,500
9,700
10,000
1,400
800
$132,859
Estimated
Market Value.
$8,560
165
1,260
4,366
470
6,750
9,100
1,500
2,525
210
580
8,750
1,940
1,890
5,250
22,650
250
10,500
1,612
20,000
3,775
5,200
60
7,500
7,992
3,795
5,300
520
4,800
1,875
11,155
11,500
1,260
1,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$8,000
759
1,200
3,700
00
00
00
00
-
4,500
7,000
1,200
2,500
00
00
00
00
-
500
5,000
2,000
1,500
4,200
15,000
7,500
1,300
15,000
2,500
5,000
00
00
00
00
00
00
00
00
00
00
00
-
5,000
7,200
3,300
5,000
2,600
3,000
1,500
9,700
10,000
1,400
800
00
00
00
00
00
00
00
00
00
00
00
$174,060 00 $137,859 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, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
20,000
15,000
15,000
Estimated
Market Value.
$11,000
21,500
15,500
17,250
00
00
00
00
Amount Invested.
$10,000
20,000
15,000
15,000
00
00
00
00
[Pub. Doc.
KEPORT OF THE
350
Marlborough Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3és,
Concord & Montreal R R. 4s, .
Fitchburg R R. 4s, .
Illinois Central R.R. Sis, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4£s, .
New York, New Haven & Hartford
R.R. 3 à s , ..................................
Old Colony R.R. 4 s,.
Old Colony R.R. 4£s,
Providence & Worcester R.R. 4s, .
Upper Coos R.R. 4£s,
Worcester, Nashua & Roch. R.R. 4s,
Amount Invested.
$5,000
20,000
10,000
20,000
25,000
30,000
5,000
$5,450
20,450
10,950
22,300
25,062
34,050
5,500
00
00
00
00
50
00
00
$5,000
20,000
10,000
20,000
25,000
30,000
5,000
00
00
00
00
00
00
00
20,000
45,000
11,000
20,000
11,000
10,000
20,950
51,350
11,275
23,200
11,880
11,150
00
00
00
00
00
00
20,000
45,000
11,000
20,000
11,000
10,000
00
00
00
00
00
00
GO
GO
CO
$292,000
50 $292,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$150,000
Estimated
Market Value.
Amount Invested.
$174,000 00 $153,625 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$3,290
21,540
5,000
110,450
Rate.
67
75
00
00
per cent.
“
3%
“
4
“
2
2é
Amount.
$5,000 00
119,250 00
1 0 ,0 0 0 0 0
Rate.
Amount.
Rate.
41 per cent.
H
“
4|
«
$214,315 00
12,515 00
466,111 00
5 per cent.
62
“
6
»
Amount invested in real estate for banking purposes,.................................. $56,000 00
Estimated value of the same...............................................................................
56,000
Assessed value of the sa m e ,.............................................................................
41,065
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,...................................................................................................... 81,901 75
Assessed value of the same.................................................................................
97,410
Net income received from same during year ending Oct. 31, 1901,
.
.
1,141
Number of loans which are of an amount not exceeding $3,000 each, 513
Aggregate amount of the same...........................................................................
466,646
Total number of loans upon real estate,
.
.
.
.
.
.
564
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
74
00
No. 8.]
SAVINGS BANK COMMISSIONERS.
351
Marlborough Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ...........................................................
$91,787 06
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., $32,633 25 1 65,608 96
during the year ending Oct. 31, 1901, .
. 1 1| per cent.,
32,975 71 1
Number of accounts opened duringthe year ending Oct. 31,1901,
. 810
Number of accounts closed during the year ending Oct. 31,1901,
. 637
Total number of open accounts Oct. 31, 1901,
.
.
.
.
5,877
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
9,526 71
clusive of taxes)..............................................................................................
Amount of deposits, not including dividends, received during the year
297,733 00
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................... 4,444
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
321,917 96
Number of s a m e ,..................................................................... 3,507
Date of examination by commissioner: February 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
352
M E C H A N IC S ’ S A V IN G S B A N K — H O LY O K E .
Incorporated March 16, 1872. Present number of corporators, 39.
L e m u e l S e a r s , President.
C h a r l e s B . P r e sc o t t , Treasurer.
E d w a r d W . C h a p i n , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
L em uel Sea rs,
J oel S. W e b b e r ,
H ubbell P . T e r r y ,
R o sw e ll P . C r a f t s,
H enry E . Gaylo rd .
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 .
Balance
Sh eet
O ct.
31, 1901.
L ia b ilit ie s .
A ssets .
Bank stock, as per schedule,
Loans on bank stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
American Writing Paper Co.
b o n d s,*..................................
Cash on hand, . . . .
$87,823
10,790
11,786
1,098,062
237,864
1,514
207,163
3,009
500
00
00
00
00
00
00
43
04
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
$1,553,487 08
49,271 00
50,310 93
12,818 18
29 83
6,850 00
556 18
$1,665,917 65
$1,665,917 65
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
City National Bank, H o ly o k e ,.................................................................... $57,163 43
Holyoke National Bank, H o l y o k e ,............................................................
30,000
Home National Bank, Holyoke, ....................................................................
30,000
First National Bank, Northampton,............................................................
30,000
Northampton National Bank, N ortham pton,...........................................
20,000
Pynchon National Bank, Springfield,............................................................
10,000
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
30,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
00
00
No. 8.]
353
SAVINGS BANK COMMISSIONERS.
Mechanics’ Savings Bank, Holyoke — Coiitinued.
Loans on Bank Stock, amount on each : —
2,000 00
$
25 shares City National Bank, H o ly o k e ,..................................
5 shares Home National Bank, Holyoke,..................................
12 shares Agawam National Bank, Springfield, . . .
.
23 shares Park National Bank, H o ly o k e ,..............................
5 shares Home National Bank, Holyoke,..................................
40 shares Chicopee National Bank, Springfield, .
.
.
.
25 shares Springfield Safe Deposit and Trust Company, Springfield,
440 00
800 0 0
2,000 00
450 00
2,600 0 0
2,500 00
Detailed Statement o f Bank Stocks.
o o
Par Value.
^ 53
22
393
160
3
50
20
50
Shoe & Leather N’l B’k,Boston,
City National Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Home National Bank, Holyoke,
First Nat’l Bank, Springfield,
Third Nat’l Bank, Springfield,
$2,200
39,300
16,000
300
5,000
2,000
5,000
$69,800
Estimated
Market Value.
$3,300
45,195
20,800
450
5,750
2,100
11,000
Amount Invested.
00
00
00
00
00
00
00
$88,595 00
$2,500
44,104
24,290
348
5,500
2,580
8,500
50
00
50
00
00
00
00
$87,823 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
Rate.
$147,163 43
50,000 00
3 per cent.
H
“
Amount.
$ 1 0 ,0 0 0 00
55,600 00
Rate.
Amount.
4 per cent.
4h
“
$1,280,155 00
12,475 00
Rate.
5 per cent.
6
Value, by books, of real estate, held or owned by foreclosure or other
$11,786 00
wise, ...............................................................................................................
12,630 00
Assessed value of the sa m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 343
450,007 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................390
Gross amount of interest or profits received or earned, as per books,
68,809 38
during year ending Oct. 3 1 , 1 9 0 1 , ............................................................
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 2 per cent., $27,193 67 | 51,908 67
during the year ending Oct. 31, 1901, .
. i 1| per cent.,
24,715 00 >
Number of accounts opened during the year ending Oct. 31,1901,
680
Number of accounts closed during the year ending Oct. 31, 1901,
467
Total number of open accounts Oct. 31, 1901,
.
.
.
.
3,616
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
354
[Pub. Doc.
Mechanics’ Savings Bank, H o ly o k e — Concluded.
Total expenses of the corporation for the year ending Oct. 31,1901 (ex
clusive of taxes),
..................................................................................... $ 6 ,2 0 2 26
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,..................................................................................... 345,644 54
Number of s a m e ,.............................................................................5,168
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
305,588 35
Number of same..................................................................................3,248
Date of examination by commissioner: October 1.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
355
M E C H A N IC S’ S A V IN G S B A N K — L O W E L L .
Incorporated March 1, 1861.
Present number of corporators, 53.
C h a r l e s L. H i l d r e t h , President.
C h a r l e s C. H u t c h in s o n , Treasurer.
C h a r l e s C. H u t c h in so n , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
C h a r l e s C. H u t c h in so n ,
Cl a r e n c e H . N elso n ,
Jacob R o g e r s,
John D a v is .
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, 1901.
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,
Deposits in banks, on interest, .
Expense account,
Tax account,
.
.
.
.
Interest account,
Cash on hand, . . .
.
L ia b il it ie s .
$276,000
25.000
203,693
5,500
277,500
00
00
01
00
00
78.000
56,375
1,204,030
631,828
91,247
3,081
1,137
4,373
6,336
00
00
72
97
71
05
60
39
93
Deposits, .
Guaranty fund,
Rents,
Suspense account,
$2,864,104 38
.
$2,701,794
134,500
24,621
3,188
04
00
38
96
$2,864,104 38
1
Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston,................................................... $2,469 71
First National Bank, L o w e l l , ....................................................................
25,000
Old Lowell National Bank, L o w e ll,............................................................
5,000
Railroad National Bank, L o w e l l , ...........................................................
53,778
Wamesit National Bank, Lowell.....................................................................
5,000
Loan on Public Funds: —
$25,000 Massachusetts 3 J s ,.............................................................................$25,000 00
Loan on Bank Stock: —
55 shares Railroad National Bank, L o w e l l , ...........................................$5,500 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
[Pub. Hoc
REPORT OF THE
356
Mechanics’ Savings Bank, Lowell — Continued.
Detailed Statement o f Public Funds.
Par Value.
City 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., 5s, .
of Newton, Mass., 4s,
of Providence, R. I., 4s, .
of Waltham, Mass., 4s,
of Waterbury, Conn., 4s, .
Town of Aldington, Mass., 4 s,.
$30,000
75,000
10,000
16,000
10,000
20,000
30,000
10,000
20,000
10,000
25,000
20,000
Estimated
Market Value.
$33,000
81,730
11,300
17,920
10,700
22,600
31,500
10,800
22,800
10,800
28,000
21,800
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$30,000
75,000
10,000
16,000
10,000
20,000
30,000
10,000
20,000
10,000
25,000
20,000
00
00
00
00
00
00
00
00
00
00
00
00
$276,000 $302,950 00 $276,000 00
Ko. o f
Shares.
Detailed Statement o f Bank Stocks.
106 Atlas National Bank, Boston, .
66 Blackstone Nat’l Bank, Boston,
63 Boston National Bank, Boston,
25 Eliot Nat’l Bank, Boston,
8 First National Bank, Boston, .
13 Howard Nat’l B’k, Boston,
265 Merchants N’l Bank, Boston, .
100 Metropolitan N’l B’k, Boston,.
10 Mt. Vernon N’l Bank, Boston,
45 N’l B’k of Commerce, Boston,
281 N’l B’k of Redemption, Boston,
83 N’l B’k of the Republic, Boston,
9 National City Bank, Boston, .
40 National Eagle Bank, Boston,
60 Nat’l Hamilton Bank, Boston,.
200 N’l Hide & Leather B’k, Boston,
106 Nat’l Revere Bank, Boston,
31 Nat’l Shawmut Bank, Boston, .
100 Nat’l Webster Bank, Boston, .
105 New England N’l B’k, Boston,
20 Second National Bank, Boston,
39 Shawmut Nat’l Bank, Boston, .
67 Suffolk Nat’l Bank, Boston,
55 Collateral Loan Co., Boston, .
30 Bay State N’l B’k, Lawrence, .
117 Railroad Nat’l Bank, Lowell, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$10,600
1,518
-
2,500
800
871
26,500
10,000
1,000
4,500
28,100
8,300
-
80
6,000
20,000
2,014
3,100
10,000
10,500
2,000
-
6,700
5,500
2,250
11,700
Estimated
Market Value.
$11,342
330
63
3,750
1,400
195
46,375
10,000
970
5,670
35,125
12,533
45
120
6,000
24,800
318
6,200
10,400
15,120
3,600
39
7,705
8,250
3,450
14,625
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$11,660 00
1,518 00
-
2,500
800
871
36,800
10,000
1,000
5,040
32,315
9,960
00
00
00
00
00
00
00
00
00
-
80
6,000
21,000
5,160
3,100
9,600
15,500
2,500
00
00
00
01
00
00
00
00
-
6,700
5,500
2,250
13,839
00
00
00
00
$174,533 $228,425 00 $203,693 01
No. 8.]
SAYINGS BANK COMMISSIONERS.
357
Mechanics’ Savings Bank, Low ell — 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. 4és, .
New York, New Haven & Hartford
R R. 3£s,
.
.
.
.
.
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.
$25,750
56,000
27,250
22,750
27,000
28,000
00
00
00
00
00
00
Amount Invested.
$25,000
50,000
25,000
22,500
25,000
25,000
00
00
00
00
00
00
50,000
54,000 00
50,000 00
25,000
30,000
30,000 00
34,200 00
25,000 00
30,000 00
$280,000 $304,950 00
$277,500 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$2,469
63,778
50,000
150,000
Kate.
71
00
00
00
2
2i
3
3f
per cent.
“
“
Amount.
$152,600
75,000
185,000
356,200
00
00
00
00
Kate.
Amount.
4 per cent.
4|
4:}
«
4h
“
$902,892 89
19,666 80
Rate.
5 per cent.
6
“
Amount invested in real estate for banking purposes,............................$78,000
00
Estimated value of the s a m e , ...........................................................
78,000
00
Assessed value of the sa m e ,...................................................................
61,000
00
Net income received from same during year ending Oct. 31, 1901, .
.
1,892 37
’ Value, by books, of other real estate, held or owned by foreclosure or
otherwise,.............................................................................................
56,375
00
Assessed value of the s a m e ,...................................................................
63,710
00
Net income received from same during year ending Oct. 31, 1901, .
.
364 08
Number of loans which are of an amount not exceeding $3,000 each, 467
Aggregate amount of the s a m e , ....................................................................
550,337 47
Total number of loans upon real e s t a t e , ...........................................564
Amount of investments from which no income is received, .
.
.
.
10,975 00
Gross amount of interest or profits, received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
122,424 04
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 2 per cent., $50,613 59 1 ^
during the year ending Oct. 31, 1901,
.
1 1£ per cent., 45,512 92)
’
Number of accounts opened during the year ending Oct. 31,1901,
. 671
Number of accounts closed during the year ending Oct. 31,1901,
. 561
Total number of open accounts Oct. 31, 1901,
. . .
.
5,261
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
358
REPORT OF THE
[Pub. Doc.
Mechanics’ Savings Bank, Lowell — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,.............................................................................3,426
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,.............................................................................3,561
Date of examination by commissioner : September 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7,413 06
367,054 95
369,168 43
No. 8.]
859
SAYINGS 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, 12.
E d w a r d H. P a l m e r , President.
L e w is M. B a n c r o f t , Treasurer.
E d g a r N . H u n t , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
E dw ard H . Palm er,
M oses E . N ic h o l s ,
E d w a r d F. P a r k e r .
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 ala n c e Sh e e t O ct . 31, 1901.
L ia b ilit ies .
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 te s ),..................................
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand, .
.
.
.
$13,364
1,600
2,900
26,218
860
100,071
19,940
00
15,000
4,211
500
786
00
58
00
47
00
00
75
74
84
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$185,453 38
$180,131 67
1,879 79
3,441 92
$185,453 38
Cash on Deposit in Banks, amount in each : —
National Bank of the Republic, B o s t o n ,................................................... $2,000 00
First National Bank, R e a d in g ,....................................................................
2,211 58
Loans on Bank Stock, amount on each : —
10 shares First National Bank, R e a d in g ,...................................................
10 shares First National Bank, R e a d in g ,................................................... 1
10 shares Middlesex County National Bank, Winchester, .
.
.
• j3 shares Commercial National Bank, Boston,.......................................... >
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$900 00
2,000 00
[Pub. Doc.
REPOET OF THE
360
Mechanics’ Savings Bank, Reading— Continued.
Detailed Statement o f Public Funds.
Par Value.
Town of Reading, Mass., 4s, .
$12,000
Estimated
Market Value.
$13,380 00
Amount Invested.
$13,364 00
Detailed Statement o f Bank Stocks.
ID
Par Value.
^ OQ
16
First National Bank, Reading,
$1,600
Estimated
Market Value.
Amount Invested.
$1,600 00
$1,760 00
Detailed Statement o f Railroad Bonds.
Par Value.
Chic., Burlington & Quincy R.R. 3£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. ,5s, .
.
.
.
Maine Central R.R. 4s,
Maine Central R R. 4^s, .
Upper Coos R.R. 4s,
. . .
Illinois Central R.R. 3s, .
$5,000
6,000
2,000
2,000
1,000
1,000
10,000
$27,000
Estimated
Market Value.
$5,150
6,405
2,040
2,100
1,095
1,070
9,000
Amount Invested.
00
00
00
00
00
00
00
$26,860 00
$5,168
6,000
2,000
2,000
1,000
1,000
9,050
75
00
00
00
00
00
00
$26,218 75
Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.
$4,211 58
15,000 00
Rate.
2
3i
per cent.
“
Amount.
$ 1 ,2 0 0 00
68,925 00
Rate.
4 per cent.
5
Amount.
$6,350 00
46,436 84
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the sa m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each,
97
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................79
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
Times for the dividends fixed by the by-laws: first Saturday in June and
December; payable second Saturday in June and December.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
5£ per cent.
“
6
$860 74
1,100 00
109,426 84
7,130 82
No. 8.]
SAYINGS BANK COMMISSIONERS.
361
Mechanics’ Savings Bank, Reading — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent.,
$2,383 40 1
during the year ending Oct. 31, 1901, .
. i 2 per cent.,
2,870 99 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 256
Number of accounts closed during the year ending Oct. 31, 1901,
. 109
Total number of open accounts Oct. 31, 1 9 0 1 , .................................. 821
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,.....................................................................1,134
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
Number of s a m e ,.....................................................................1,001
Date of examination by commissioner : March 22.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,254 39
464 75
83,686 18
45,434 33
362
[Pub. Doc
REPORT OF THE
M EDFORD S A V IN G S B A N K — M ED FORD.
Incorporated Feb. 26, 1869.
Present number of corporators, 77.
D a n ie l A . G l e a s o n , President.
C h a r l e s B . B u ss , Treasurer.
J. G il m a n W a i t e , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
D a n ie l A . G l e a s o n ,
F rank E . Chan dler,
E d w a r d S. R a n d a l l ,
E dw ard F . A llen,
B e n j a m in C. L e o n a r d .
Open for business every business day, 8 to 11 a .m . ; 3 to 6
7 to 9 p . m .
p .m
. ; also Saturdays,
B alance S heet O ct . 31, 1901.
A ssets .
Public funds, as per schedule, .
Hank 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, .
Cash on hand, .
.
.
.
L ia b ilit ie s .
$136,500 00
74,725 00
217,100 00
20,000 00
9,247
1,025,490
576,100
37,350
5,901
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$1,988,523 76
66,500 00
44,340 69
3,050 15
41
05
00
62
52
$2,102,414 60
$2,102,414 60
Cash on Deposit in Banks, amount in each : —
National Bank of Commerce, Boston,
National Exchange Bank, Boston,
Medford National Bank, Medford,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$14,191 45
18,048 38
5,110 79
No. 8.]
SAYINGS BANK COMMISSIONERS
363
Medford Savings B ank— 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
5,000
15,000
Estimated
Market Value.
$32,100
16,350
14,645
3,375
5,250
3,075
21,800
28,250
5,375
5,000
16,200
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
5,000
15,000
00
00
00
00
00
00
00
00
00
00*
00
$140,500 $151,420 00 $136,500 00
* A legal Investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
75
10
15
50
25
75
40
15
55
13
44
75
50
75
16
75
12
25
Par Value.
Blackstone N’l Bank, Boston, .
Commercial N’l Bank, Boston,
Continental N’l Bank, Boston,
Merchants N’l Bank, Boston, .
Monument Nat’l B’k, Boston, .
N’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
Second Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,
Winthrop N’l Bank, Boston, .
Central National Bank, Lynn,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$400 00
1,000 00
5,000
2,500
7,500
$375
1,330
■75
8,750
4,750
9,450
00
00
00
00
00
00
8,000 00
2,500 00
7,825 00
4,000
1,500
5,500
1,300
4,400
7,500
5,000
7,500
1,600
7,500
1,200
2,500
7,840
2,265
7,700
1,612
4,576
10,800
9,000
8,325
1,840
7,950
1,920
3,750
00
00
00
00
00
00
00
00
00
00
00
00
4,000
1,500
5,500
1,300
4,400
9,750
8,250
7,500
1,600
7,500
1,200
2,500
$1,725
1,000
-
$67,225
$92,308 00
-
00
00
00
00
00
00
00
00
00
00
00
00
$74,725 00
364
REPORT OF THE
[Pub. Doc.
Medford Savings Bank — Continued.
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Par Value.
Albany & Susquehanna R.R, 6s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 7s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Illinois Central R.R. 3s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
Michigan Central R.R. 7s,
Troy & Boston R.R. 7s, .
$25,000
20,000
30,000
25,000
10,000
30,000
Estimated
Market Value.
$27,500
21,800
31,725
27,600
10,325
27,000
00
00
00
00
00
00
Amount Invested.
$25,000
20,000
30,530
25,000
10,000
27,000
00
00
00
00
00
00
34,800 00
11,192 00
37,500 00
34,950 00
11,000 00
33,620 00
$206,000 $229,442 00
$217,100 00
30,000
11,000
25,000
Total Amount o f Loans, ivitli Each Specified Rate o f Interest.
Amount.
$37,350 62
40,000 00
2 2 0 ,0 0 0 00
Rate.
2
per cent.
3f
4
“
Amount.
Rate.
$ 1 0 0 ,0 0 0 00
235,100 00
5,000 00
4| per cent.
44
“
4|
“
Amount.
Rate.
$858,522 27 5 per cent.
11,500 00 5à
“
“
131,467 78 6
Amount invested in real estate for banking purposes..................................... $20,000 00
Estimated value of the same,.............................................................................
20,450
Assessed value of the s a m e ,.............................................................................
20,450
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
9,247
Assessed value of the same, .
.
............................................................
12,000
Number of loans which are of an amount not exceeding $3,000 each, 444
Aggregate amount of the s a m e , ....................................................................
646,690
Total number of loans upon real e s t a t e , ...........................................544
Amount of investments from which no income is received............................
7,388
Gross amount of interest or profits received or earned, as per books,
during year ending Oct, 31, 1 9 0 1 , ............................................................
94,347
Times for the dividends fixed by the by-laws: second Saturday in May
and November; payable on same days.
Rate and amount of each semi-annual dividend J 2 per cent., $34,821 55 j ^ 287
during the year ending Oct. 31,1901, .
.
i 2 per cent.,
36,465 75 f
’
Number of accounts opened during the year ending Oct. 31, 1901,
. 742
Number of accounts closed during the year ending Oct. 31, 1901,
. 367
Total number of open accounts Oct. 31, 1901,
.
.
.
.
5,522
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
41
00
05
54
93
30
No. 8.]
SAYINGS BANK COMMISSIONERS.
365
Medford Savings B ank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... $5,246 27
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901..............................•
..................................................
364,718 00
Number of s a m e ,............................................................................ 5,716
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
293,823 10
Number of s a m e ,............................................................................ 4,085
Date of examination by commissioner : April 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
366
I
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, 33.
M il t o n M. F i s h e r , President.
W
il l ia m
W il l i a m H. U p t o n , Treasurer.
H. U p t o n , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
M ilto n M . F is h e r ,
S u m n e r R o b b in s ,
Sa m u e l G . Cl a r k ,
W i l l i a m H. C a r t ,
W il l a r d P . Cl a r k ,
G e o r g e R. D r a k e ,
W a l t e r L. P a l m e r .
Open for business every business day, 9 a .m . to 12 m . ; 2 to 5 p . m .
B a l a n c e Sh e e t O c t . 31, 1901.
L ia b ilit 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 tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand...............................
$51,000
14,320
1,750
106,000
4,859
172,221
15,917
00
00
00
Deposits, .
Guaranty fund,
Interest account,
$378,946 05
18,325 65
8,895 15
00
25
00
01
22,026 69
60 00
16,638 81
1,374 09
$406,166 85
$406,166 85
Cash on Deposit in Banks, amount in each : —
Central National Bank, Boston, .
National Shawmut Bank, Boston,
Loan on Bank Stock : —
20 shares Central National Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$16,582 69
56 12
$1,750 00
No. 8.]
SAVINGS BANK COMMISSIONERS
367
M e d w a y Savings B a n k — 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, os,
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.
$5,525
5,475
1,106
2,072
1,030
1,112
3,382
* 2,080
2,130
2,265
7,730
1,032
6,838
1,020
5,400
5,106
1,085
1,040
00
00
25
50
00
50
50
00
00
00
00
50
75
00
00
25
00
00
$55,431 25
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.
Detailed Statement o f Bank Stocks.
o $
6 2?
6 Atlas National Bank, Boston, .
30 Central Nat’l Bank, Boston, .
16 Colonial Nat’l Bank, Boston, .
25 Manufacturers N’l B’k, Boston,
15 Mt. Vernon N’l Bank, Boston,
10 N’l Hide & Leather B’k, Boston,
16 Nat’l Shawmut Bank, Boston,
20 Shawmut Nat’l Bank, Boston,.
20 Dedham Nat’l Bank, Dedham,
17 Franklin Nat’l Bank, Franklin,
3 Wrentham N’l B’k, Wrentham,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$600
3,000
1,600
-
1,500
1,000
1,600
-
2,000
1,700
210
$13,210
Estimated
Market Value.
$642
3,540
2,400
75
1,455
1,240
3,200
20
2,120
1,989
210
Amount Invested.
$600 00
3,000 00
2,150 00
00
00
00
00
00
00
00
00
00
00
00
1,500 00
1,000 00
2,160 00
$16,891 00
$14,320 00
-
-
2,000 00
1,700 00
210 00
[Pub. Doc.
REPORT OF THE
368
M e d w a y Savings B a n k — Continued.
Detailed Statement o f Railroad Bonds.
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,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. os, .
Illinois Central R.R. 3 ¿s,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4¿s, .
Newport & Richford R.R. 5s, .
New York & New England R.R. 6s,
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4 ¿ s , ..................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
Estimated
Market Value.
$2,230
5,110
6,275
3,270
1,210
10,200
6,570
5,481
8,702
4,301
6,030
11,175
8,760
2,240
8,560
3,438
$2,000
5,000
5,000
3,000
1,000
10,000
6,000
5,000
8,000
4,000
6,000
10,000
8,000
2,000
8,000
3,000
Amount Invested.
00
00
00
00
00
00
00
25
50
25
00
00
00
00
00
75
$2,000
5,000
5,000
3,000
1,000
10,000
6,000
5,000
8,000
4,000
6,000
10,000
8,000
2,000
8,000
3,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
4,000
4,920 00
4,000 00
8,000
3,000
5,000
10,400 00
3,060 00
5,300 00
8,000 00
3,000 00
5,000 00
$106,000
$117,233 75 $106,000 00
* A legal Investment when made.
Total Amount of Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$16,638 81
5.000 00
5.000 00
2
3è
3|
per cent.
“
“
Amount.
$10,000 00
2,026 69
44,900 00
Rate.
3£ per cent.
4
“
5
“
$3,800 00
141,248 01
Value, by books, of real estate, held or owned by foreclosure or other
w i s e , ..............................................................................................
.
Assessed value of the sa m e ,............................................................
,
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 ea , 251
Aggregate amount of the s a m e , ...................................................
. 186
Total number of loans upon real e s t a t e , ..................................
Amount of investments from which no income is received, .
Gross amount of interest or profits received or earned, as pi books,
during year ending Oct. 31, 1 9 0 1 , ...........................................
Times for the dividends fixed by the by-laws: first Monday in June and
December; payable after those days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
Amount.
5£ per cent.
»
6
$4,859 25
6,550 00
13 41
157,864 70
1,455 26
19,250 56
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
370
M ELROSE S A V IN G S B A N K — M ELRO SE.
Incorporated April 15, 1872.
D a n ie l R u s s e l l ,
President.
Jo h n L a r b a b e e ,
Present number of corporators, 30.
E l b r i d g e H.
Clerk of the Corporation.
Treasurer.
G oss,
Names of committee charged with the investment of its funds:
Jo h n W . F a r w e l l ,
Charles H . A dam s,
M ose s
S.
Page.
Open for business every business day, 8.30 to 11
7 to 8 p . m .
Balance
Sh eet
Oct.
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 tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Suspense account,
Cash on hand, . . .
.
a .m
.;
2 to 5
p .m
.;
also Saturdays,
31,1901.
L ia b ilit ie s .
$174,000
2,800
30,000
66,541
487,738
242,218
00
28,800
250
45,519
300
6,458
00
00
00
85
55
48
Deposits, .
Guaranty fund,
Interest account,
$1,014,405 35
25,322 79
44,899 11
00
89
00
48
$1,084,627 25
$1,084,627 25
Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, B o s t o n ,................................................... $7,365 75
Winthrop National Bank, B o s t o n , ............................................................
6,153 24
Melrose National Bank, M e l r o s e , ............................................................
32,000 90*
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* This amount, in excess of the legal limit, has been reduced.
No. 8.]
SAYINGS BANK COMMISSIONERS.
371
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.
$6,720
10,900
9,020
5,012
11,300
12,592
5,712
6,570
105,625
10,060
5,555
00
00
00
50
00
50
50
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 $189,067 50 $174,000 00
* A legal investment when made.
No. ot
Shares.
Detailed Statement o f Bank Stocks.
28
Par Value,
Estimated
Market Value.
Amount Invested.
.
Freemans Nat’l Bank, Boston,
$2,800
$2,828 00
$2,800 00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Amount Invested.
$10,000
10,000
10,000
$11,175 00
10,000 00
10,050 00
$10,000 00
10,000 00
10,000 00
$30,000
$31,225 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.
$45,519 89
18,800 00
90,000 00
Rate.
2
per cent.
3i
4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
«
“
Amount.
Rate.
$125,000 00
221,488 16
4£ per cent.
5
«
Amount.
$8,400 00
295,318 87
Rate.
5¿ per cent.
6
372
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, 413
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................425
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1901....................................................................
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 1| per cent , $16,377 95 1
during the year ending Oct. 31,.1901,
.
1 1^ per cent,
14,208 10 J
Number of accounts opened during theyear ending Oct. 31, 1901,
. 6 86
Number of accounts closedduring the year ending Oct. 31,1901,
. 518
Total number of open accounts Oct. 31, 1901,
.
. . .
4,624
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,.....................................................................5,930
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
Number of s a m e ,.................................................................... 4,185
Date of examination by commissioner: January 31.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$66,541 85
77,550 00
435,618 55
45,736 47
30,586 05
3,536 19
271,976 65
291,583 97
No. 8.]
SAYINGS BANK COMMISSIONERS
373
M ER R IM A C SA V IN G S B A N K — M E R R IM A C .
Incorporated April 19, 1871. Present number of corporators, 43.
President.
W i l l i a m B.
F. C . G r a n t , Treasurer.
Clerk of the Corporation.
T homas H . H o yt,
Sa r g e n t ,
Names of committee charged with the investment of its funds :
Ja m es
F.
Pease,
T homas
H.
H. H oyt.
0 . D elano,
Open for business every business day except Saturdays, 8.30
p . m . ; Saturdays, 8.30 a . m . to 12 m .
a .m
.
to 12 m
.;
1.30 to 3
B a l a n c e Sh eet O c t . 31,1901.
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 security,
Loans to counties, cities or towns
(n o tes),..................................
Deposits in banks on interest, .
Deposits in banks, noton interest,
Premium account,
Cash on hand, .
.
.
.
L ia b il it ie s .
$87,000
7,391
1,400
103,050
760
00
00
00
00
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$511,802 16
26,276 29
268 24
00
2 0 ,0 0 0 0 0
25,568 30
162,232 00
88,415 00
6 ,0 0 0 0 0
31,000
1,485
3,937
107
00
34
50
55
$538,346 69
$538,346 69
Cash on Deposit in Banks, amount in each: —
Amesbury National Bank, Amesbury,
Merchants National Bank, Haverhill, .
First National Bank, Merrimac, .
$15,000 00
10,000 00
7,485 34
Loans on Bank Stock, amount on each: —
11
shares First National Bank, Merrimac, .
shares First National Bank, Merrimac, .
5 shares Merrimack National Bank, Haverhill,
6
Loan on Railroad Stock : —
10 shares Boston & Maine R.R.,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$525 00
600 00
275 00
[Pub. Doc
REPORT OF THE
3 74
Merrimac Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
County of Aroostook, Me., 4£s,
City of Concord, N. H , , 4s,
of Dayton, Ohio, 4s,.
of Haverhill, Mass., 4s, .
of Keene, N. H., 4 s,.
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,
Estimated
Market Value.
$15,000
7,000
8,000
20,000
2,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
$16,650
7,770
8,140
20,250
2,160
5,062
5,175
5,325
5,050
5,400
5,475
5,650
00
00
00
00
00
50
00
00
00
00
00
00
$87,000
$92,107 50
Amount Invested.
$15,000
7,000
8,000
20,000
2,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
00
00
00
00
00
00
00
00
00
00
00
00*
$87,000 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
4
17
10
51
10
Estimated
Par Value.
Powow River National Bank,
Amesbury, .
.
.
.
Blackstone N’1 Bank, Boston,.
First National Bank, Lynn,
First National B’k, Merrimac,
Océan N’I Bank,Newburyport,
$400
391
1,000
5,100
500
$7,391
Market Value.
$440
85
1,100
6,630
510
00
00
00
00
00
$8,765 00
Amount Invested.
$400
391
1,000
5,100
500
00
00
00
00
00
$7,391 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, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4<|s, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
20,000
5,000
11,000
15,000
5,000
Estimated
Market Value.
$5,162
23,100
5,125
12,058
15,187
5,587
50
00
00
75
50
50
Amount Invested.
$5,000
20,000
5,000
11,000
15,000
5,000
00
00
00
00
00
00
No. 8.]
SAYINGS BANK COMMISSIONERS
375
Merrimac Savings B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Illinois Central R R. 3s, .
Illinois Central R.R. 3ès,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 4s,
Old Colony R.R. 4s, .
Estimated
Market Value.
Amount Invested.
$10,000
15,000
$9,050 00
15,150 00
$9,050 00
15,000 00
5,000
7,000
6,000
5,775 00
7,385 00
6,690 00
5,000 00
7,000 00
6,000 00
$104,000
$110,271 25 $103,050 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$20,000
Estimated
Market Value.
$23,200 00
Amount Invested.
$20,000
00
Total Amount o f Loans, with Each Specified Rale o f Interest.
Amount.
$18,500 00
3,500 00
15,000 00
Rate.
3£ per cent.
3|
“
4
“
Amount.
$ 2 0 ,0 0 0 00
71,000 00
102,415 00
Rate.
4;| per cent.
4h
“
5
“
Amount.
$2,500 00
56,892 00
Rate.
5J per cent.
6
“
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,...................................................................................................... $25,568 30
Assessed value of the sa m e ,.............................................................................
27,775
Net income received from same during year ending Oct. 31, 1901,
.
.
117
Number of loans which are of an amount Dot exceeding $3,000 each, 125
Aggregate amount of the s a m e , ....................................................................
100,907
Total number of loans upon real e s t a t e , ...........................................128
Amount of investments from which no income is received............................
3,200
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
22,022
Times for the dividends fixed by the by-laws: third Wednesday in April
and October; payable on fourth Wednesday in April and October.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
37
00
00
94
376
REPORT OF THE
[Pub. Doc
Merrimac Savings Bank — Concluded.
Rate and amount of each semi-annual dividend ( If per cent., $9,006 49 J $17,785 39
during the year ending Oct. 31,1901,.
.
1 If per cent.,
8,778 90
Number of accounts opened during the year ending Oct. 31, 1901,
. 108
Number of accounts closed during the year ending Oct. 31, 1901,
. 99
.
.
.
.
1,500
Total number of open accounts Oct. 31, 1901,
Total expenses of the corporation for the year ending Oct. 31,1901 (ex
1,841 49
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
40,962 21
ending Oct. 31,1901.........................................................................................
Number of s a m e ,.....................................................................................613
Amount of withdrawals, including dividends, during the year ending
77,240 44
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,..................................................................................... 746
Date of examination by commissioner: June 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
377
SAYINGS BANK COMMISSIONERS
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.
Charles
E.
Present number of corporators, 28.
President.
N. G.
N. G. L a m s o n , Clerk of the Corporation.
A dam s,
Treasurer.
L am son,
Names of committee charged with the investment of its funds :
N. G.
B. F.
H. C.
L am son,
C harles
F.
V arnum,
Sargent,
Taft,
Perley P. P erham .
Open for business every business day. 9 a . m . to 1 f . m . ; also Saturdays, 7 to 9 p . m .
Balance
Sh eet
Oct.
31, 1901.
L ia b ilit ie s .
A ssets .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o tes),..................................
Deposits in banks, on interest, .
Notes receivable,*
Rent account,
.
. . .
Cash on hand, .
. . .
$64,776 00
6 ,0 0 0 0 0
55,000
50,700
13,600
1,101,255
606,860
00
00
00
25
62
4,000
67,508
3,663
3
5,626
00
85
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,830,151
74,500
486
73,856
76
00
41
59
88
31
85
$1,978,994 76
$1,978,994 76
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston, .
Old Lowell National Bank, Lowell,
Lowell Trust Company, Lowell............................
Wamesit National Bank, Lowell,
$4,561 33
15,000 00
1 0 ,0 0 0 00
37,947 52
Loan on Bank Stock, amount on each: —
10 shares Merchants National Bank, Lowell,
8 shares Traders National Bank, Lowell, .
5 shares Wamesit National Bank, Lowell,
20 shares Wamesit National Bank, Lowell,
17 shares Wamesit National Bank, Lowell,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* These loans are in excess of the legal limit.
$ 1 ,0 0 0
800
500
00
00
00«
2 ,0 0 0 0 0 *
1,700
00*
[Pub. Doc
REPORT OF THE
378
Merrimack River Savings Bank — Continued.
Loans on Railroad Stock, amount on each: —
358 shares Boston & Maine R . R . , ............................................................$50,000 00
5 shares Lowell & Andover R . R . , ...........................................................
700 00*
* This illegal loan has since been paid.
No. of
Shares.
Detailed Statement o f Bank Stocks.
25
45
17
50
20
15
20
28
28
40
40
51
104
10
52
26
54
55
7
16
28
102
Far Value.
Atlantic N’l Bank, Boston,
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Boston National Bank, Boston,
Columbian N’l Bank, Boston, .
Continental N’l B’k, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,
N’l B’k of Commerce, Boston,.
N’l B’k of Redemption, Boston,
N’l Hamilton Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Wamesit Nat’l Bank, Lowell, .
$2,500
4,500
891
-
10
-
2,000
2,800
2,300
2,680
4,000
5,100
10,400
1,000
5,200
2,600
5,400
700
1,600
1,400
10,200
$64,781
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
00
$2,500 00
4,500 00
391 00
$70,286 00
$64,776 00
$3,050
4,815
85
50
20
75
3,000
3,640
2,875
600
4,000
6,426
13,000
1,000
6,448
2,704
5,346
55
777
1,840
280
10,200
-
10 00
-
2,000
2,800
2,300
2,680
4,000
5,100
10,400
995
5,200
2,600
5,400
00
00
00
00
00
00
00
00
00
00
00
-
700
1,600
1,400
10,200
00
00
00
00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Lowell R.R. 4s,
Boston, Revere Beach & Ljnn R.R.
4 i s , ...........................................
Fitchburg R R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount I nvested.
$20,000
$21,250 00
$20,000 00
15,000
10,000
10,000
17,400 00
10,100 00
11,162 50
15,000 00
10,000 00
10,000 00
$55,000
$59,912 50
$55,000 00
No. 8.]
SAYINGS BANK CO M M ISSIO N E D .
379
Merrimack River Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Rate of Interest.
Rate.
Amount.
Rate.
Amount.
Rate.
per cent.
“
“
4
“
$179,000 00
310,800 00
4^ per cent.
H
“
4|
“
$880,569 37
»72,811 50
21,635 00
5 per cent.
5£
“
6
“
Amount.
$42,508
25.000
50.000
154,000
85
00
00
00
2
3
1 0 0 ,0 0 0 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,.
Assessed value of the sa m e ,............................................................................
N e t income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 265
Aggregate amount of the s a m e ,....................................................................
Total number of loans upon real e s t a t e , ..................................
343
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November; payable on Monday following.
Rate and amount of eachsemi-annualdividend f 2 per cent.,
$32,842 6 8 1
during the year ending Oct. 31, 1901, .
. 1 2 per cent.,
33,859 14 )
Number of accounts opened during the year ending Oct. 31, 1901,
. 497
Number of accounts closed during the year ending Oct. 31,1901,
. 327
Total number of open accounts Oct. 31, 1901.................................. 3,181
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,......................................................................................2,133
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
Number of s a m e ,............................................................
2,039
Date of examination by commissioner: March 12.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$13,600 00
12,100 00
155 52
419,892 46
85,962 50
66,701 82
5,938 94
291,377 19
230,657
88
380
REPORT OF THE
[Pub. Doc,
M ID D L E B O R O U G H S A V IN G S B A N K — M I D D L E B O R O U G H .
Incorporated March 15, 1873.
J a m e s H . H a r l o w , President.
A ndrew M . W
Present number of corporators, 35.
A ndrew M . W
ood,
ood ,
Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds:
J a m e s H. H a r l o w ,
C h a r l e s F. C o r n is h ,
M a t t h e w H. C u s h in g ,
George B r a tto n ,
E v e r e t t T. L in c o l 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 ct . 31, 1901.
A ssets .
Public funds, as per schedule, .
Loan on public fund,.
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 tes),..................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.
L ia b ilit ie s .
$91,750 00
1 0 ,0 0 0 00
10,095 00
197,075 00
125 00
Deposits, .
Guaranty fund,
Interest account,
$1,355,196 02
55,000 00
14,191 94
2 0 ,0 0 0 00
44,000
1,625
701,838
202,317
00
00
07
31
75,300 00
67,299 40
2,963 18
$1,424,387 96
$1,424,387 96
Cash on Deposit in Banks, amount in each : —
Mechanics National Bank, Boston,
Winthrop National Bank, Boston,
First National Bank, Merrimac, .
.
.
.
Middleborough National Bank, Middleborough,
Pyncbon National Bank, Springfield, .
$9,107 77
10,438 99
10,000 00
13,752 64
24,000 00
Loan on Public Funds : —
$10,000 United States 4 s , ..................................
$ 10,000 00
Loan on Railroad Stock: —
1 share Old Colony R . R . , ..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$125 00
No. 8.]
SAYINGS BANK COMMISSIONERS
381
Middleborough Savings Bank — Continued.
Detailed Statement o f Public Funds
Par Value.
City of Canton, Ohio, 5 s ,.
of Dayton, Ohio, 5 s,.
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 Youngstown, Ohio, 6s,
Town of Burrillville, R. I., 4s,
of Weymouth, Mass., 4s,
Estimated
Market Value.
$24,000
10,000
5,000
10,000
15,000
10,000
6,000
750
5,000
6,000
$24,685
11,400
5,575
11,300
15,937
10,625
6,505
810
5,112
6,480
00
00
00
00
50
00
00
50
50
00
$91,750
$98,430 50
Amount Invested
$24,000
10,000
5,000
10,000
15,000
10,000
6,000
750
5,000
6,000
00
00
00
00
00
00
00
00
00
00
$91,750 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
33 Natl Webster Bank, Boston, .
14 Suffolk National Bank, Boston,
11 Tremont Nat’l Bank, Boston, .
6 Brockton Nat’l Bank, Brockton,
12 Middleborough National Bank,
Middleborough, .
30 National Bank of Commerce,
New Bedford,
27 Plymouth N’l B’k, Plymouth, .
$3,300
1,400
550
600
Estimated
Market Value.
$3,432
1,610
110
708
00
00
00
00
Amount Invested.
$3,300
1,400
550
600
00
00
00
00
1,200
1,320 00
1,200 00
345
2,700
60 00
2,835 00
345 00
2,700 00
$10,095
$10,075 00
$10,095 00
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,
Dexter & Newport R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$17,000
20,000
25,000
5,000
6,000
5,000
Estimated
Market Value.
$18,700
20,750
25,500
5,300
6,455
5,462
00
00
00
00
00
50
Amount Invested.
$17,000
20,000
25,000
5,000
6,000
5,000
00
00
00
00
00
00
REPORT OF THE
382
[Pub. Doc.
Middleborough Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Michigan Central R.R. 4s,
Old Colony R.R. 4s, .
Portland & Rumford Falls R.R. 4s,
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
$15,000
10,000
45,000
10,000
10,000
10,000
20,000
$198,000
Estimated
Market Value.
$14,250
8,850
45,450
11,200
11,350
10,900
00
00
00
00
00
00
Amount Invested.
$15,000
9,075
45,000
10,000
10,000
10,000
23,400 00
00
00
00
00
00
00
20,000 00
$207,567 50 $197,075 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$20,000
Estimated
Market Value.
$23,200 00
Amountlnvested.
$20,000 00
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.
$10,438 99
22,860 41
1 0 ,0 0 0 00
Rate.
per cent.
“
3
“
2
2*
Amount.
$83,000 00
45,400 00
408,463 31
Rate.
4 per cent.
4è
“
5
“
Amount.
$40,963 34
411,753 73
Rate.
5£ per cent.
“
6
Amount invested in real estate for banking purposes,.................................. $44,000 00
Estimated value of the s a m e , ....................................................................
44,000
Assessed value of the s a m e ,.............................................................................
36,000
Net income received from same during year ending Oct. 31, 1901,
.
.
1,285
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
1,625
Assessed value of the s a m e ,.............................................................................
2,800
Number of loans which are of an amount not exceeding $3,000 each, 673
Aggregate amount of the same..........................................................................
536,199
Total number of loans upon real e s t a t e , ...........................................554
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
69,892
Times for the dividends fixed by the by-laws : first Monday in April and
October; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
44
00
00
63
65
No. 8.]
SAVINGS BANK COMMISSIONERS.
383
Middleborough Savings Bank — Concluded.
Rate and amount of eachsemi-annualdividend f 2 per cent., $24,377 91 1 $49,732
during the year ending Oct. 31,1901,.. 1 2 per cent.,
25,354 70 1
Number of accounts opened during the year ending Oct. 31,1901,
. 630
Number of accounts closed during the year ending Oct. 31, 1901,
. 368
Total number of open accounts Oct. 31,1901,
.
.
.
.
4,181
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
3,739
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,..................................................................................... * 281,338
Number of s a m e ,.....................................................................................3,942
Amount of withdrawals, including dividends, during the year ending
225,873
Oct. 31, 1 9 0 1 , .............................................................................................
Number of s a m e ,.....................................................................................2,797
Date of examination by commissioner : May 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61
79
72
64
384
REPORT OF THE
[Pub. Doc.
M I D D L E S E X I N S T IT U T I O N F O E S A V IN G S — C O N C O E D .
Incorporated March 4, 1835.
H arvey W
Present number of corporators, 22.
C h a r l e s E . B r o w n , Treasurer.
H e r b e r t W . H o s m e r , Clerk of 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 r a n c is A. H o u sto n ,
L o r in g 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 alance
Sheet
O ct.
31, 1901.
A ssets .
L ia b ilit 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,
Loans to counties, cities or towns
(n o tes),..................................
Deposit in bank, on interest,
Deposit in bank, not on interest, .
Expense account,
Notes receivable,*
Cash on hand, . . . .
$11,387
56,228
359,687
53,550
50
00
50
00
10,500
19,711
449,300
527,450
00
77
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
$1,494,016 76
75,000 00
29,217 79
9,077 38
267 47
88,800
00
2 0 ,2 0 0 00
3,971
2,145
2,848
1,799
33
25
40
65
$1,607,579 40
$1,607,579 40
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Shoe and Leather National Bank, Boston,................................................... $20,200 00
Concord National Bank, C o n c o r d ,............................................................
3,971 33
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS
385
Middlesex Institution for Savings — Continued.
D eta iled S ta tem en t o f P u b lie F u n d s .
Par Value.
Town of Concord, Mass., 4s,
.
$10,000
Estimated
Market Value.
$11,550 00
Amount Invested.
$11,387 50
D eta iled S ta tem en t o f B a n k Stocks.
OQ
° 2
£l
Estimated
Par Value.
36 Blackstone N’l Bank, Boston, .
50 Central National Bank, Boston,
50 Eliot National Bank, Boston, .
50 Faneuil Hall N’l Bank, Boston,
28 First National Bank, Boston, .
50 Lincoln Nat’l Bank, Boston, .
50 Merchants N’l Bank, Boston, .
100 National City Bank, Boston, .
33 N’l Hide & Leather B’k, Boston,
50 National Webster B’k, Boston,
34 Second National Bank, Boston,
100 Shawmut N’l Bank, Boston, .
25 Shoe & Leather N’l B’k, Boston,
54 State National Bank, Boston, .
50 Tremont Nat’l Bank, Boston, .
100 Concord Nat’l Bank, Concord,
$828
5,000
5,000
5,000
2,800
500
5,000
-
3,300
5,000
3,400
-
2,500
5,400
2,500
10,000
$56,228
Market Value.
$180
5,900
7,500
6,500
4,900
150
8,750
500
4,092
5,200
6,120
100
3,750
5,994
500
15,000
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$828 00
5,000 00
5,000 00
5,000 00
2,800 00
500 00
5,000 00
_
3,300 00
5,000 00
8,400 00
_
2,500 00
5,400 00
2,500 00
10,000 00
$75,136 00
$56,228 00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 3ès,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3<£s, .
Illinois Central R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000
10,000
25,000
25,000
50,000
10,000
37,000
30,000
4,000
20,000
10,000
$16,237
11,550
31,375
25,500
54,812
11,550
41,162
33,350
4,080
20,100
11,150
50
00
00
00
50
00
50
00
00
00
00
$15,000
10,000
25,000
25,875
50,000
10,000
37,000
30,687
4,000
20,775
11,300
00
00
00
00
00
00
00
50
00
00
00
386
[Pub. Doc
REPORT OF THE
Middlesex Institution for Savings — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Kalamazoo, Allegan & Grand Rapids
R.R. 5 s ,...........................................
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
.
Old Colony R R. 4s, .
Portland & Rumford Falls R.R. 4 s,,
Sullivan County R R. 4s, .
Troy & Boston R.R. 7s, .
$10,000
15.000
20.000
20,000
10,000
10,000
20,000
Estimated
Amount Invested.
Market Value.
$13,350
15,768
21,900
22,612
10,850
11,100
30,000
00
75
00
50
00
00
00
$13,350
15.000
20.000
20,000
10,500
10,000
31,200
00
00
00
00
00
00
00
$341,000 $386,448 75 $359,687 50
Boston Terminal Company Bonds.
Par Value.
$50,000
Boston Terminal Company 3ès,
Estimated
Amount Invested.
Market Value.
$58,000 00
$53,550 00
Total Amount oj Loans, with Each Specified Rate o f Interest.
Amount.
$ 2 0 ,2 0 0
00
2 0 ,0 0 0 00
2 0 ,0 0 0 00
38,300 00
Kate.
2£
per cent.
“
“
3|
“
H
H
Kate.
Amount.
$215,500
85.000
25.000
139,100
00
00
00
00
4 per cent.
4i
“
4| «
4i
“
Amount.
$15,000
386,875
41,125
79,650
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 same,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,.............................................................................................19,711
Assessed value of the same, .............................................................................
Net income received from same during year ending Oet. 31,1901, .
.
Number of loans which are of an amount not exceeding$3,000 each, 196
Aggregate amount of the s a m e ,.................................................
276,800
Total number of loans upon real estate...................................................213
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 1 , ............................................................
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
4| per cent.
5
“
5è “
6
“
$10,500 00
10,500 00
8,500 00
77
22,350 00
222 99
00
10,500 00
68,559 63
No. 8.]
SAYINGS BANK COMMISSIONERS.
387
Middlesex Institution for Savings — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $27,572 53 1
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
28,077 14 Î
Number of accounts opened during theyear ending Oct. 31, 1901, . 589
Number of accounts closed during theyear ending Oct. 31, 1901, . 442
Total number of open accounts Oct. 31, 1901,
. . .
.
4,613
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901,.....................................................................................
Number of sam e,.....................................................................................2,923
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ........................................................... ........
Number of same,..................................................................................... 2,714
Date of examination by commissioner : February 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$55,649 67
6,605 38
230,329 96
243,264 40
[Pub. Doc.
REPOET OF THE
388
M ILFO R D S A V IN G S B A N K — M IL FO R D .
Incorporated April 24,1851.
J oh n P . D a n i e l s , President.
J a m e s E. W
alker,
Present number of corporators, 45.
J a m e s E. W a l k e r , Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
J o h n P. D a n ie l s ,
C h a r l e s F. C l a e l i n ,
J esse A. T a f t .
Open for business every business day except Saturdays, 9
3.30 p . m . ; Saturdays, 9 a . m . to 12 m .
Balance
Sh e e t
Oct.
a .m .
to 12 m . ; 1.30 to
31, 1901.
L iab ilit 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 bonds, .
Loans 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 tes),..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Omaha Water Company stock
and bonds,* .
.
.
.
Cash on hand, .
.
.
.
$231,000 00
158,117 86
51.380 00
169,000 00
40,000 00
50,000 00
103,812 50
$2,401,933 92
85,122 11
Deposits, .
Guaranty fund,
Profit and loss account, .
23,020 97
’
25,000 00
14,752 40
669,622 00
783,650 00
146,900 00
45,167 05
9,505 42
1 2 ,0 0 0 00
769 77
$2,510,677
00
$2,510,677
00
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston, .
National Bank of Redemption, Boston,
Milford National Bank, Milford, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11,780 33
1,386 72
41,505 42
No. 8.]
389
SAYINGS BANK COMMISSIONERS.
Milford Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
$30,000
327 shares First National Bank, Lynn,
137 shares Massachusetts National Bank, Boston,
40 shares Eliot National Bank, Boston,
24 shares Milford National Bank, Milford,
60 shares Milford National Bank, Milford,
10 shares Milford National Bank, Milford,
5 shares Milford National Bank, Milford,
5 shares Home National Bank, Milford, .
2 shares Milford National Bank, Milford,
00*
1 2 ,0 0 0 00
1
{
5,500
00
2,500
500
00
700
00
180
00
00
* This amount, in excess of the legal limit, has been reduced.
Loan on Railroad Bonds : —
$42,000 Cleveland & Pittsburgh R.R. 3 £ s ,................................................... $40,000 00
Loans on Railroad Stock, amount on each: —
190 shares Boston & Maine R . R . , ............................................................$25,000 00
175 shares Boston & Maine R.R ,
.................................. *
25,000 00
D eta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
City of Beverly, Mass., 4s,
of Boston, Mass., 4s,
of Bridgeport, Conn., 4 s,.
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 4 s ,.
of Grand Rapids, Mich., 4£s, .
of Lynn, Mass., 4s, .
of New Britain, Conn., 4s,
of Newpoi't, R. I , 4s,
of Newton, Mass., 4s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
of Woonsocket, R. I., 4s, .
Town of Framingham, Mass., 4s, .
of Maynard, Mass., 4s, .
of We}7mouth, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$15,000
25,000
6,000
14,000
6,000
15,000
6,000
7,000
20,000
10,000
20,000
2,000
20,000
15,000
20,000
20,000
10,000
Estimated
Market Value.
$16,500
27,620
6,780
14,040
6,150
15,450
6,540
8,050
20,400
11,300
22,200
2,300
21,600
16,650
21,000
22,200
11,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$231,000 $249,780 00
* Legal investments when made.
Amount Invested.
$15,000
25,000
6,000
14,000
6,000
15,000
6,000
7,000
20,000
10,000
20,000
2,000
20,000
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
$231,000 00
390
REPORT OF THE
[Pub. Doc.
Milford Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
10
50
15
7
150
25
25
48
25
100
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,'.
Boylston Natl Bank, Boston, .
Central Natl Bank, Boston, .
Colonial Natl Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Freemans Natl Bank, Boston,
National Bank of the Commonwealth, Boston,
110 N1 B’k of Redemption, Boston,
25 Natl Exchange Bank, Boston,
66 JNll Hide & Leather B’k, Boston,
100 Natl Shawmut Bank, Boston,
47 National Union Bank, Boston,
4 Natl Webster Bank, Boston, .
100 Shawmut Natl Bank, Boston,
2 Shoe & Leather N’l B’k, Boston,
40 Washington N’l Bank, Boston,
100 Home National B’k, Brockton,
9 Hopkinton N’l B’k, Hopkinton,
75 Home National Bank, Milford,
263 Milford Nat’l Bank, Milford, .
Estimated
Market Value.
Amount Invested.
$1,000
5,000
345
700
15,000
2,500
4,800
2,500
$1,220
5,350
75
735
17,700
3,750
125
7,200
2,525
00
00
00
00
00
00
00
00
00
$1,530
6,500
345
1,070
22,000
3,750
1
5,682
2,500
00
00
00
12
00
00
00
99
00
10,000
11,000
2,500
6,600
10,000
4,700
400
19,600
13,750
3,500
8,184
20,000
7,097
416
100
300
4,440
17,500
900
11,250
39,450
00
00
00
00
00
00
00
00
00
00
00
00
00
00
13,900
15,655
3,581
6,600
15,000
7,496
400
1
200
5,505
10,000
900
7,500
28,000
00
00
25
00
00
50
00
00
00
00
00
00
00
00
-
200
4,000
10,000
900
7,500
26,300
$125,945
$185,167 00 $158,117 86
Detailed Statement o f Railroad Bonds.
Par Value.
Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 4s, .
Fitchburg R R. 5s, .
Milford & Woonsocket R.R, 5s,
Old Colony R.R. 4s, .
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
25.000
15.000
4,000
10.000
20,000
$169,000
Estimated
Market Value.
$25,000
21.400
11,500
19,050
25,750
26.400
16,650
4,000
11,100
21.400
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$25,000
20,000
10,000
15.000
25.000
25.000
15.000
4,000
10.000
20,000
00
00
00
00
00
00
00
00
00
00
$182,250 00 $169,000 00
No. 8.]
391
SAYINGS BANK COMMISSIONERS.
Milford Savings Bank — Concluded.
Boston Terminal Company Bonds.
Par Value.
Estimated
Amount Invested.
Market Value.
$100,000 $116,000 00 $103,812 50
Boston Terminal Company 3ès,
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.
$33,386
11,780
151.000
20,000
629.000
Rate.
72
33
00
00
00
2 per cent.
2è
“
H
“
44
Amount.
$80,000
331,300
5,300
480,547
00
00
00
00
Rate.
Amount.
4| per cent.
4è
“
\\
5
$3,400
39,430
450
1,125
Rate.
00
00
00
00
5£ per cent.
6
6è
«
7
“
Amount invested in real estate for banking purposes,............................$25,000
00
Estimated value of the s a m e , ..........................................................
25,000
00
Assessed value of the same, .
24,000 00
Net income received from same during year ending Oct. 31, 1901,
.
.
332 92
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,............................................................................................
14,752
40
Assessed value of the sam e,..................................................................
19,100
00
Number of loans which are of an amount not exceeding $3,000 each, 346
Aggregate amount of the s a m e , ....................................................................
354,186 00
Total number of loans upon real e s t a t e , ...........................................348
Amount of investments from which no income is received, .
.
.
.
14,752 40
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ...........................................................
104,353 90
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 1| per cent., $38,995 93 )
60
during the year ending Oct. 31, 1901, .
.
• 1| per cent.,
39,576 67 >
Number of accounts opened during the year ending Oct. 31, 1901,
1,088
Number of accounts closed during the year ending Oct. 31, 1901,
. 769
Total number of open accounts Oct. 31, 1901,
.
.
.
.
7,306
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
4,872 30
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
497,956 10
Number of s a m e ,.............................................................................6,919
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
482,063 75
Number of s a m e ,............................................................................ 6,070
Date of examination by commissioner: May 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
392
REPORT OF THE
[Pub. Doc.
M IL L B U R Y S A V IN G S B A N K — M IL L B U R Y .
Incorporated April 10, 1854.
Present number of corporators, 40.
I r a N . G o d d a r d , President.
A m os A r m s b y , Treasurer.
A m os A r m s b y , Clerk of 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 r a N . Goddard,
G e o r g e J. D u d l e y ,
H enry W . Carter,
A u g u stu s S. W i n t e r ,
J ac ob R. L in c o l n .
Open for business every business day except Saturdays, 9 a . m . to 3 u . m . ; Saturdays,
9 a . m . to 12 M.
B a l a n c e Sh e e t O ct .
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, .
Deposit in bank, not on interest,
Expense account,
Insurance account,
Suspense account,
Cash on hand...............................
31, 1901.
L ia b il it ie s .
$73,000
114,216
138,000
150
20,000
00
00
00
00
00
15,000
5,943
350,826
255,450
00
37
00
00
47,200
45,900
60
1,125
32
1,416
1,621
00
00
85
32
94
95
28
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Reserve profits,
$1,069,942 71
$980,128 63
46,602 00
20,119 99
8,092 09
15,000 00
$1,069,942 71
Cash on Deposit in Banks, amount in each : —
Millbury National Bank, Millbury..................................................................$29,960 85
National Bank of the Commonwealth, Boston, .
.
.
.
.
.
16,000 00
Loan on Railroad Stock: —
1 share Boston & Albany R . R . , ..............................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$150
00
No. 8.]
SAYINGS BANK COMMISSIONERS
393
Millbury Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Bay City, Mich , 5s,
of Columbus, Ohio, 4s,
of Kansas City, Mo., 4ès, .
of Milwaukee, Wis., 5s, .
of New Britain, Conn , 4s,
of Saginaw, Mich., 4s,
Town of Westborough, Mass., 5s, .
Estimated
Market Value.
$5,562
10,050
28,375
10,975
10,950
10,325
3,277
$5,000
10,000
25,000
10,000
10,000
10,000
8,000
$73,000
50
00
00
00
00
00
50
$79,515 00
Amount Invested.
$5,000
10,000
25,000
10,000
10,000
10,000
3,000
00
00*
00
00
00
00
00
$73,000 00
* A legal investment when made.
Ko. of
Shares.
Detailed Statement o f Bank Stocks.
50
42
45
20
100
50
25
23
57
200
33
20
3
35
25
74
25
50
13
34
15
30
3
114
26
m
36
5
Par Value.
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Colonial Nat’l Bank, Boston, .
Continental N’l B'k, Boston, .
Eliot National Bank, Boston, .
First Ward N’l Bank, Boston,.
Manufacturers N’l B’k, Boston,
Merchants Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Bank of the Common
wealth, Boston,
N’l Hide & Leather B’k, Boston,
N’l Shawmut Bank, Boston, .
Old Boston Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’ k, Boston,
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Winthrop N’l B’k, Boston,
Grafton Nat’l Bank, Grafton, .
Leicester N’ l B’k, Leicester, .
Millbury N’l B’k, Millbury, .
Second N’l B’k, Norwich, C t.,.
Oxford Nat’l Bank, Oxford, . *
Central Nat’l B’k, Worcester, .
Citizens Nat’l B’k, Worcester,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,000
966
4,500
10,000
5,000
-
2,300
5,700
20,000
3,300
2,000
300
3,500
-
7,400
2,500
5,000
1,300
3,400
1,500
3,000
300
11,400
2,600
1,250
3,600
500
Estimated
Market Value.
Amount Invested.
$5,350
210
6,750
100
15,000
8,000
75
4,025
7,182
00
00
00
00
00
00
00
00
00
$5.000 00
966 00J
4,500 00
39,200
4,092
4,000
297
6,300
25
11,100
1,875
5,550
1,495
3,604
2,400
3,000
420
11,400
2,600
1,375
3,960
725
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
20,000 00
3,300 00
2,000 00
300 00
3,500 00
7,400 00
2,500 00
5,000 00
1,300 00
3,400 00
1,500 00
3,000 00
300 00
11.400 00
2,600 00
1,250 00
3,600 00
500 00
-
10,000 00
5,000 00
-
2,300 00
5,700 00
394
REPORT OF THE
[Pub. Doc.
Millbury Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
14
10
50
5
Par Value.
City Nat’l Bank, Worcester, .
Mechanics N’l B’k, Worcester,
Quinsigamond National Bank,
Worcester, .
.
.
.
Worcester N’l B’k, Worcester,
Estimated
Market Value.
Amount Invested.
11,400
1,000
$1,750 00
950 00
$1,400 00
1,000 00
5,000
500
6,500 00
900 00
5,000 00
500 00
$114,216
$160,210 00
$114,216 00
D etailed Sta tem en t o f R a ilr o a d B o n d s.
Estimated
Market Value.
Boston & Albany R.R. 4s,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Chic., Burlington & Quincy R.R. 3ès,
Fitchburg R.R. 4s, .
Illinois Central R R. 3s, .
Illinois Central R.R. 3£s, .
Maine Central R R. 4s,
Minnesota & Iowa R.R. 3^s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Portland & Rumford Falls R.R. 4s,
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Vermont & Massachusetts R.R. 5s, .
$7,000
$7,490 00
$7,000 00
15,000
14,000
16,000
6,000
15,000
5,000
15,000
17,400
14,280
17,600
5,400
15,150
5,250
15,300
15,000
14,000
16,000
6,000
15,000
5,000
15,000
15,000
10,000
17,400 00
10,800 00
15,000 00
10,000 00
10,000
10,000
13,300 00
10,200 00
10,000 00
10,000 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$138,000 $149,570 00 $138,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 2 0 ,0 0 0
Estimated
Market Value.
$23,200 00
Amount Invested.
$ 2 0 ,0 0 0 0 0
No. 8.]
395
SAYINGS BANK COMMISSIONERS
Millbury Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Mate o f Interest.
Kate.
Amount.
$25,900 00
2 0 ,0 0 0 00
9,000 00
37,300 00
2
per cent.
3
3£
4
“
Amount.
$40,000 00
1 0 0 ,0 0 0 00
1 0 ,0 0 0 00
289,290 00
Kate.
4.) per cent.
4£
“
44
“
5
“
Rate.
Amount.
$45,000 00
1 0 ,0 0 0 00
112,536 00
500 00
5^ per cent.
“
“
7
H
6
Amount invested in real estate for banking purposes,.................................. $15,000 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, 1901,
.
.
620 10
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
5,943 37
Assessed value of the s a m e ,............................................................................
13,870 00
Number of loans which are of an amount not exceeding $3,000 each, 248
Aggregate amount of the s a m e , ....................................................................
251,776 00
Total number of loans upon real e s t a t e , ...........................................257
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 1 , ............................................................
48,282 54
Times for the dividends fixed by the by-laws: first Monday in January
and July; payable on second Monday of January and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
$17,704 59 ) gg gg- gg
during the year ending Oct. 31, 1901,
.
1 2 per cent.,
18,681 3 6 ’
’
Number of accounts opened during the year ending Oct. 31, 1901,
. 247
Number of accounts closed during the year ending Oct. 31, 1901,
. 153
Total number of open accounts Oct. 31, 1901,
. . .
.
2,145
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
2,464 07
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
127,894 60
Number of same,
................................................... 1,466
Amount of withdrawals, including dividends, during the year ending
100,006 06
Oct. 31, 1 9 0 1 , .............................................................................................
Number of s a m e ,.............................................................................1,280
Date of examination by commissioner: May 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
396
REPORT OF THE
[Pub. Doc.
MONSON S A V IN G S B A N K — M ONSON.
Incorporated March 29, 1872.
Present number of corporators, 28.
E d w a r d F . M o r r i s , President.
F r a n k E . M o r r is , Treasurer.
F r a n k E . M o r r is , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
E d w a r d F . M o r r is ,
E . D . Cush m an,
Carlos M . G a g e ,
A r t h u r D . N o r c r o ss .
Open for business every business day except Saturdays, 9 a . m . to 12
Saturdays, 9 a . m . to 12 m .
m.
;
1
to 4
p .m
;
B a l a n c e Sh e e t O ct . 31, 1901.
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,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
. . .
L ia b ilit ie s .
$137,000
32,680
4,600
135,000
00
00
00
00
1 0 ,0 0 0 00
33,000
19,150
753,299
43,912
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$1,193,576 71
58,000 00
31,129 77
1,884 45
00
29
00
00
2 0 0 00
109,048
3,041
369
3,290
39
37
49
39
$1,284,590 93
$1,284,590 93
Cash on Deposit in Banks, amount in each : —
Monson National Bank, M o n s o n , ............................................................$3,041 37
Northampton National Bank, N orth am p ton ,...........................................
10,000
Chicopee National Bank, Springfield,............................................................
10,000
John Hancock National Bank, S p r in g fie ld ,...........................................
10,000
Pynchon National Bank, Springfield,...........................................................
4,823
Springfield National Bank, S p rin g field ,...................................................
21,447
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
22,544
Hampden Trust Company, S p rin g fie ld ,...................................................
10,000
City National Bank, Springfield,....................................................................
20,233
00
00
00
06
69
02
00
62
Loans on Bank Stock, amount on each: —
31 shares Monson National Bank, Monson,
15 shares Palmer National Bank, Palmer, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,100 00
1,500 00
No. 8.]
397
SAVINGS BANK COMMISSIONERS
Monson Savings Bank — Continued.
D etailed S ta tem en t o f P u b lic F u n d s .
Par Value.
County of Middlesex, Mass., 4s,
City of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s, .
of Everett, Mass., 4s,
of Grand Rapids, Mich., 4¿s, .
of Holyoke, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton, Mass., 4s,
Town of Burlington, Vt., 4s, .
of Methuen, Mass., 4s, .
of Monson, Mass., 4s, .
of Natick, Mass., 4s,
$10,000
10,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
5,000
22,000
10,000
$137,000
Estimated
Market Value.
$10,950
11,025
5,075
10,125
11,250
11,050
10,900
10,600
11,225
11,400
5,150
5,625
23,100
11,100
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$10,000
10,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
5,000
22,000
10,000
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
$148,575 00 $137,000 00
* A legal investment when made.
No. o f
Shares.
Detailed Statement o f Bank Stocks.
10
25
30
25
25
5
6
6
5
26
5
25
90
11
20
20
3
Par Value.
Blackstone N’l Bank, Boston, .
Eliot National Bank, Boston, .
Merchants N’l Bank, Boston, .
N’l B’k of Commerce, Boston,.
N’l B’k of Redemption, Boston,
N’l Exchange Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
City Nat’l Bank, Holyoke,
Monson Nat’l Bank, Monson, .
Agawam N’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First N’l Bank, Springfield, .
Ware National Bank, Ware, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$230
2,500
3,000
2,500
2,500
500
600
600
500
2,600
250
2,500
9,000
1,100
2,000
2,000
300
$32,680
Estimated
Market Value.
$50
3,750
5,250
3,150
3,125
700
744
624
555
2,990
50
2,875
11,250
1,100
2,840
2,100
318
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$41,471 00
Amount Invested
$230
2,500
3,000
2,500
2,500
500
600
600
500
2,600
250
2,500
9,000
1,100
2,000
2,000
300
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$32,680 00
398
REPOET OF THE
[Pub. Doc
M o n so n Savin gs B an k — Continued.
Detailed Statement o f Railroad Bonds.
Estimated
Par Value.
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R R. 3is, .
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R 4 s ,...........................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4 s ,.
$10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
$135,000
Market Value.
$11,000
10,475
11,450
10,900
10,975
11,550
11,550
5,550
11,225
10,050
10,500
00
00
00
00
00
00
00
00
00
00
00
11,550 00
11,150 00
11,450 00
Amount Invested.
$10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
00
00
00
00
00
00
00
00
00
00
00
10,000 00
10,000 00
10,000 00
$149,375 00 $135,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$10,000
Estimated
Market Value.
$11,600 00
Amount Invested.
$10,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$99,048 39
20,000 00
Rate.
3 per cent.
4
“
Amount.
$10,000 00
766,511 00
Rate.
4£ per cent.
5
“
Amount.
$2,000 00
13,500 00
Rate.
5J per cent.
6
Amount invested in real estate for banking purposes,.................................. $33,000 00
Estimated value of the s a m e , ....................................................................
33,000
Assessed value of the sa m e ,.............................................................................
18,000
Net income received from same during year ending Oct. 31, 1901,
.
.
1,528
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
19,150
Assessed value of the same, .............................................................................
15,000
Number of loans which are of an amount not exceeding $3,000 each, 267
Aggregate amount of the same..........................................................................
383,182
Total number of loans upon real e s t a t e , ...........................................341
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
50
29
00
00
No. 8.]
SAVINGS BANK COMMISSIONERS.
399
M on son Savings B an k — Concluded.
$ 1,100 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per hooks,
55,381 81
during year ending Oct. 31, 1901,
............................................................
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.,
$21,676 59 1 44,153 83
during the year ending Oct. 31, 1901,
.
( 2 per cent.,
22,477 24 J
Number of accounts opened during the year ending Oct. 31, 1901,
. 401
Number of accounts closed during the year ending Oct. 31, 1901,
. 281
Total number of open accounts Oct. 31, 1901,
.
.
.
.
2,634
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
3,658 01
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
212,671 73
ending Oct. 31, 1 9 01 ,.....................................................................................
Number of s a m e ,............................................................................ 1,781
Amount of withdrawals, including dividends, during the year ending
166,724 96
Oct. 31, 1 9 0 1 , .............................................................................................
Number of s a m e ,.............................................................................1,432
Date of examination by commissioner: May 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
400
REPORT OF THE
[Pub. Doc.
N A N T U C K E T IN S T IT U T IO N FOR S A V IN G S —N A N T U C K E T .
Incorporated April 2, 1834.
Present number of corporators, 36.
D a v id F o l g e r , President.
G e o r g e H. B r o c k , Treasurer.
G e o r g e H. B r o c k , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
D a v id F o l g e r ,
H enry P addock,
D a v id P a r k e r ,
L e w is F . B u c h a n a n ,
A l m o n T. M o w r y .
Open for business every business day, from May to November, 9
November to May, 10 a . m . to 1 f . m .
a .m .
to 1 f . m . ;
B ala n c e Sh e e t O c t . 31,1901.
L ia b ilit 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 purp o s e s ) ,..................................
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, .
.
.
.
$71,000
9,407
175
120,500
00
00
00
00
20,000 00
4,500
26,400
352,913
7,304
00
00
03
00
3,000
20,047
897
266
00
85
23
27
Deposits, .
Guaranty fund,
Profit and loss account, .
$636,410 38
$595,143 32
28,556 77
12,710 29
$636,410 38
Cash on Deposit in Banks, amount in each : —
Eliot National Bank, Boston............................................................................ $6,833 27
Pacific National Bank, N a n tu c k e t,............................................................13,214 58
Loan on Bank Stock : —
9 shares Merchants National Bank, New B e d fo rd ,..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$175 00
No. 8.]
401
SAVINGS BANK COMMISSIONERS
N an tu cket Institution for Savings — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
District of Columbia 6s, .
City of Bay City, Mich., 4s,
of Beverly, 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., 4<|s,
of Saginaw, Mich., 4£s, .
of Sioux City, Iowa, 4ès,.
Town of Billerica, Mass., 4s, .
Estimated
Market Value.
$5,100
3,270
1,065
1,090
7,140
1,095
10,950
8,320
1,110
4,580
5,600
16,650
11,350
$5,000
3,000
1,000
1,000
7,000
1,000
10,000
8,000
1,000
4,000
5,000
15,000
10,000
$71,000
00
00
00
00
00
00
00
00
00
00
00
00
00
$77,320 00
Amount Invested.
$5,000
3,000
1,000
1,000
7,000
1,000
10,000
8,000
1,000
4,000
5,000
15,000
10,000
00
00
00
00
00
00
00
00
00
00
00
00*
00
$71,000 00
* A legal investment when made.
No. o f
Shares.
D eta iled S ta tem en t o f B a n k Stocks.
7
10
10
10
15
10
19
8
10
10
10
15
10
10
14
5
Par Value.
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Columbian Nat’l Bank. Boston,
Continental N’l Bank, Boston,.
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
Nat’l Exchange Bank, Boston,
National Revere Bank, Boston,
Old Boston Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
South End N’l Bank, Boston, .
Pacific Nat’l Bank, Nantucket,
National Bank of Commerce,
New Bedford,
National Bank of Fairhaven,
Fairhaven, .
.
.
.
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
$161 00
1,000 00
5 00
161
28 00
161 00
400
400 00
400 00
$9,407
$10,465 00
$9,407 00
$161
1,000
5
-
1,500
1,000
190
800
1,000
190
1,000
-
1,000
1,000
$35
1,050
10
50
2,250
1,300
57
800
1,400
30
990
15
750
1,300
-
1,500
1,000
190
800
1,000
190
1,000
00
00
00
00
00
00
00
-
1,000 00
1,000 00
[Pub. Doc,
KEPORT OF THE
402
N a n tu ck e t In stitu tion for Savings — Continued.
D etailed S ta tem en t o f R a ilr o a d B o n d s .
Par Value.
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4£s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. ös,
Chic., Burlington & Quincy R.R. 3ès,
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 34s, .
Illinois Central R.R. 4s, .
Maine C ental R.R. 7s,
New York, New Haven & Hartford
R.R. 3ès...........................................
New York & New England R.R. 6s,
New York & New England R.R. 7s,
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4ès,
Winona & St. Peters R.R. 7s, .
Estimated
Market Value.
Amount Invested.
$6,000
3,000
5,000
6,000
22,000
5,000
5,000
17,000
8,000
5,000
$6,165
3,045
5,700
6,360
22,440
5,595
4,750
17,170
8,920
6,512
00
00
00
00
00
00
00
00
00
00
$6,000
3,000
5,000
6,000
22,000
5,000
5,000
17,000
8,000
5,000
00
00
00
00
00
00
00
00
00
00
12,000
8,000
1,000
500
10,000
7,000
12,510
8,580
1,102
535
11,500
9,800
00
00
00
00
00
00
12,000
8,000
1,000
500
10,000
7,000
00
00
00
00
00
00
$120,500 $130,684 00
$120,500 00
B oston T er m in a l C o m p a n y B o n d s.
Par Value.
Boston Terminal Company 3is,
$20,000
Estimated
Market Value.
$23,200 00
Amount Invested.
$20,000 00
Total A m o u n t o f L o a n s , w ith E a c h S p ecified B a te o f In terest.
Rate.
Amount.
$20,047 85
3,000 00
18,000 00
2
4
4è
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
per cent.
“
“
Amount.
Rate.
Amount.
$152,359 03
5 per cent.
54
“
$172,908 00
125 00
1 7 ,0 0 0 00
Rate.
6
7
per cent.
No. 8.]
SAVINGS BANK COMMISSIONERS.
403
N an tu cket Institution for Savings — Concluded.
$4,500 00
Amount invested in real estate for banking purposes,..................................
4.500 00
Estimated value of the s a m e , ....................................................................
4.500 00
Assessed value of the sam e,.............................................................................
308 34
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
26,400 00
otherwise,......................................................................................................
32,600 00
Assessed value of the same................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 200
163,188 03
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................226
Gross amount of interest or profits received or earned, as per books,
29,190 65
during year ending Oct. 31, 1 9 0 1 , ............................................................
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., $10,710 53 1 21,718 73
during the year ending Oct. 31, 1901, .. 1 2 per cent.,
11,008 20 I
Number of accounts opened during the year ending Oct. 31, 1901,
. 162
Number of accounts closed during the year ending Oct. 31, 1901,
. 106
.
.
.
.
1,413
Total number of open accounts Oct. 31, 1901,
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
2,350 11
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
102,452 46
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................................... 1,096
Amount of withdrawals, including dividends, during the year ending
86,083 12
Oct. 31, 1 9 0 1 , ..............................................................................................
Number of s a m e ,......................................................................................1,197
Date of examination by commissioner: August 6 .
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Federal Reserve Bank of St. Louis
404
REPORT OF THE
N A T IC K F IV E
[Pub. Doc
C E N T S S A V IN G S B A N K — N A T I C K .
Incorporated April 5, 1859. Present number of corporators, 36.
John 0 . W
President.
F r e d e r i c k ! 0 . B a s t o n , Treasurer.
F r e d e r i c k O . B a s t o n , Clerk of the Corporation.
il s o n ,
Names of committee charged with the investment of its funds:
W il l ia m N utt,
F r e d e r ic k O. B aston,
H e n r y C. M u l l ig a n ,
F r a n c is B ig e l o w ,
F ran k H . H aves,
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 .j i .
Balance
Sh eet
O c t . 31, 1901.
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
(notes).......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .
L ia b il it ie s .
$237,000
67,800
11,515
159,000
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$2,069,324 60
103,450 00
24,815 19
65,517 98
26,846 96
14,711 61
1,465,622 00
69,166 00
96,600 00
430 00
103,713 88
2,381 85
8,320 47
$2,263,107 77
$2,263,107 77
Cash on Deposit in Banks, amount in each: —
New England National Bank, Boston,
National Bank of the Republic, Boston,
Shoe and Leather National Bank, Boston, .
Natick National Bank, Natick, .
* This amount, in excess of the legal limit, has been reduced.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$
20,000 00
10,000 00
40,000 00
33,713 8 8 *
No. 8.]
SAYINGS BANK COMMISSIONERS
405
N a tick F ive Cents Savings B ank — Continued.
Loans on Bank Stock, amount on each: —
40 shares Natick National Bank, Natick,.............................................................$3,600
12 shares Natick National Bank, Natick,...............................................
975
5 shares Natick National Bank, Natick,....................................................
460
5 shares Natick National Bank, Natick,...................................................
480
100 shares South End National Bank, B oston,...........................................
6,000
00
00
00
00
00
D eta iled S ta te m e n t , o f P u b lic F u n d s .
Par Value.
City of Beverly, Mass., 4s,
.
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6 s,.
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 Springfield, Ohio, 5s, .
of Waltham, Mass., 4s, .
of Worcester, Mass., 4 is ,.
Town of Natick, Mass., 4s,
of Orange, Mass., 4s,
of Wellesley, Mass., 4s,
Estimated
Market Value.
$7,000
11,000
10,000
13,000
5,000
10,000
16,000
6,000
30,000
15,000
25,000
22,000
11,000
6,000
30,000
11,000
9,000
$7,630
11,605
10,350
13,950
5,400
10,100
17,857
6,022
31,082
15,772
27,127
23,965
11,000
6,270
33,250
11,533
9,602
00
00
00
00
00
00
50
50
50
50
50
00
00
00
00
75
50
Amount Invested.
$7,000
11,000
10,000
13,000
5,000
10,000
16,000
6,000
30,000
15,000
25,000
22,000
11,000
6,000
30,000
11,000
9,000
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
$237,000 $252,518 75 $237,000 00
* A legal investment when made.
No. of
Shares.
D eta iled S ta tem en t o f B a n k Stock s.
26
7
27
5
19
46
10
15
46
42
14
Par Value.
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central National Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Merchants Nat’i Bank, Boston,
Metropolitan N’l Bank, Boston,
Monument Nat’ l Bank, Boston,
N’l Bank of Commerce, Boston,
National Bank of the Commonwealth, 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
4,200
1,400
Estimated
Market Value.
$2,782
735
3,186
25
2,850
8,050
1,000
2,850
5,796
Amount Invested.
00
00
00
00
00
00
00
00
00
$2,600 00
700 00
2,700 00
8,232 00
1,750 00
4,200 00
1,400 00
—
1,900
4,600
1,000
1,500
4,600
00
00
00
00
00
[Pub. Doc
REPORT OF THE
406
N a tick F ive Cents Savings B ank — Continued.
No. of
Shares.
D etailed S ta tem en t o f B a n k S tock s
30
15
10
20
7
20
55
32
33
37
120
20
17
10
Par Value.
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
Second National Bank. Boston,
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Home Nat’l Bank, Brockton, .
First National Bank, Chelsea,
Dedham Nat’l Bank, Dedham,
Wachusett N’l B’k, Fitchburg,
Natick National Bank, Natick,
Newton Nat’l Bank, Newton, .
Framingham National Bank,
South Framingham,
First N’l Bank, West Newton,
$3,000
1,500
1,000
2,000
700
2,000
5,500
3,200
3,300
3,700
12,000
2,000
— Concluded.
Estimated
Market Value.
$4,530
2,100
1,800
1,500
777
3,200
9,625
3,200
3,498
4,625
14,400
1,780
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$3,000
1,500
1,000
2,000
700
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
1,050 00
1,700 00
1,000 00
$67,800
$91,891 00
$67,800 00
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Par Value.
Boston & Albany R.R. 4s,
Boston & Albany R.R. 5s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R.R, 7s,
Old Colony R.R. 4 s ,.
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,
$10,000
10,000
6,000
15,000
10,000
15,000
11,000
20,000
28,000
24,000
10,000
Estimated
Market Value.
Amount Invested.
$10,700 00
10,000 00
$10,000 00
10,000 00
6,720
15,300
11,000
15,300
11,550
26,000
31,390
24,480
11,250
00
00
00
00
00
00
00
00
00
6,000
15,000
10,000
15,000
11,000
20,000
28,000
24,000
10,000
00
00
00
00
00
00
00
00
00
$159,000 $173,690 00 $159,000 00
Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In terest.
Kate.
Amount.
$103,713 88
17,000 00
103,260 00
2
3è
4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
per cent.
“
“
Amount.
$13,180 00
1,285,378 00
Kate.
4£ per cent.
5
“
Rate.
Amount.
$83,675 00
140,840 00
5^ per cent.
6
No. 8.]
SAYINGS BANK COMMISSIONERS.
407
N a tick Five Cents Savings B ank — Concluded.
$26,846 96
Amount invested in real estate for banking purposes,..................................
25,000 00
Estimated value of the s a m e , ....................................................................
29,600 00
Assessed value of the s a m e ,.............................................................................
145 04
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
14,711 61
otherwise,......................................................................................................
15,750 00
Assessed value of the sa m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 728
937,758 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real estate.................................................... 771
10,050 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
103,563 35
during year ending Oct. 31, 1901....................................................................
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.,$37,392 03 174,658 70
during the year ending Oct. 31,1901,.
.
12 per cent.,
37,266 67 i
Number of accounts opened during the year ending Oct. 31, 1901,
1,175
Number of accounts closed during the year ending Oct. 31, 1901,
. 819
Total number of open accounts Oct. 31, 1901,
.
.
.
.
8,404
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
4,512 85
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
487,651 19
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,..................................................................................... 9,570
Amount of withdrawals, including dividends, during the year ending
488,595 35
Oct. 31,1901......................................................................................................
Number of s a m e ,..................................................................................... 6,471
Date of examination by commissioner: February 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
408
NEW
[Pub. Doc
C E N T S S A V IN G S B A N K - • N E W
BEDFORD F IV E
BEDFORD.
Incorporated April 14, 1855.
Present number of corporators, 149.
L ou m S n o w , President.
W i l l i a m H . P it m a n , Treasurer,
J a m e s T a y l o r , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
L oum S n o w ,
O l i v e r P . B r ig h t m a n ,
W il l ia m B a y l ie s ,
O tis N. P i e r c e ,
T h o m a s W il c o x ,
P a r k m a n M. L u n d ,
W il l ia m R . W in g ,
A n d r e w G . P i e r c e , Jr.,
G il b e r t N. H a l l .
Open for business every business day, 9 a . m . to 1 p .m . ; also Saturdays, 7 to 9 p . m .
B alance
Sheet
O c t . 31, 1901.
L ia b ilit ie s .
A ssets .
Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur
poses), ..................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Bank liquidation account,.
Cash on hand, .
.
.
.
$878,500
132,900
700
586,500
00
00
00
00
92,000
157,974
2,542,064
2,222,152
00
59
67
50
613,000
255
335,738
1,472
640
8,229
00
00
83
47
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Surplus fund, .
Discount account, .
Premium account, .
Suspense account, .
Rent account, .
$7,174,953 04
265,000 00
21,718 72
3,485
99,137
4,686
1,126
462
1,557
51
54
15
13
62
35
$7,572,127 06
$7,572,127 06
Cash on Deposit in Banks, amount in each : —
Atlas National Bank, Boston,
.
.
.
National Bank of Redemption, Boston,
First National Bank, New Bedford, .
Mechanics National Bank, New Bedford, .
Merchants National Bank, New Bedford, .
Pynchon National Bank, Springfield, .
Third National Bank, Springfield,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$14,906 55
1 1 1 ,0 2 1 37
9,743 52
174,548 2 2
232 53
6,629 2 2
18,657 42
No. 8.]
409
SAYINGS BANK COMMISSIONERS
H ew B edford F ive Cents Savings B ank — Continued.
Loans on Bank Stock, amount on each: —
5 shares First National Bank, New B e d f o r d ,...........................................
5 shares Merchants National Bank, New B e d fo r d ,..................................
$200 00
500 00
D eta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
City of Bay City, Mich., 4s,
of Bay City, Mich., 5s,
of Boston, Mass., 3ès,
of Boston, Mass , 4s,
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 4£s, .
of Danbury, Conn., 4s,
of Dayton, Ohio, 5 s ,.
of Detroit, Mich., 3és,
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., 4 s,.
of Meriden, Conn., 4s,
of New Bedford, Mass., 4s,
of New Haven, Conn , 3£s,
of Newton, Mass., 4s,
of Saginaw, Mich., 5ès, .
Town of Stamford, Conn., 4s, .
Middleborough, M a s s . (Fire Dis
trict), 4s, ..................................
$13,000
5,000
50,000
10,000
20,000
25,000
30,000
50,000
50,000
50,000
7,000
25,000
10,000
17,000
73,000
50,000
25,000
50,000
20,000
119,000
45,000
50,000
10,000
20,000
Estimated
Market Value.
$13,950
6,150
52,250
10,550
20,500
25,000
33,150
54,090
51,750
55,500
7,555
26,000
11,300
18,870
77,745
54,750
27,750
53,000
21,200
135,160
45,093
54,125
12,100
20,000
56,680 00
54,500
$878,500
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00
Amount Invested
$13,000
5,000
50,000
10,000
20,000
25,000
30,000
50,000
50,000
50,000
7,000
25,000
10,000
17,000
73,000
50,000
25,000
50,000
20,000
119,000
45,000
50,000
10,000
20,000
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
54,500 00
$944,218 75 $878,500 00
* A legal investment when made.
No. of
Shares.
D eta iled S ta tem en t o f B a n k Stock s.
100
100
40
20
12
15
Par Value.
First National Bank, Boston, .
Merchants Nat’l Bank, Boston,
Nat’l Shawmut Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
10,000
4,000
2,000
600
1,500
Estimated
Market Value.
$17,500
17,500
8,000
2,220
120
2,400
00
00
00
00
00
00
Amount Invested.
$10,000
10,000
4,000
2,000
600
1,500
00
00
00
00
00
00
410
REPORT OF THE
[Pub. Doc
N e w B edford F ive Cents Savings B ank — Continued.
No. of
Shares.
D eta iled S ta tem en t o f B a n k S tock s
100
100
325
523
300
100
— Concluded.
Par Value.
Franklin Nat’l Bank, Franklin,
Citizens N’i B’k, JNew Bedford,
First Nat’l Bank, New Bedford,
Merchants National Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,
Third Nat’l Bank, Springfield,
$10,000
Estimated
Market Value.
Amount Invested.
$10,000 00
32,500
$11,700 00
300 00
40,625 00
52,300
101,985 00
52,300 00
10,000
600 00
22,000 00
10,000 00
_
$132,900
32,500 00
$224,950 00 $132,900 00
D e ta iled S ta tem en t o f B a ilro a d B o n d s .
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincv R.R. 4s,
Uhic., Burlington & Quincy R.R. 7s,
Eastern R.R. 6s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s, .
Kansas City, St. Joseph & Council
Bluffs R.R 7s,
Michigan Central R.R. 7s,
New York, New Haven & Hartford
R .R .3ès,
.
.
.
.
Old Colony R.R. 4s, .
$89,000
50,000
50,000
25,000
59,000
52,500
50,000
50,000
Estimated
Market Value.
$91,670
57,000
51,000
26,125
62,245
58,537
51,250
50,500
Amount Invested.
00
00
00
00
00
50
00
00
$89,000
50,000
50,000
25,000
59,000
52,500
50,000
50,000
00
00
00
00
00
00
00
00
25,000
11,000
28,875 00
11,137 50
25,000 00
11,000 00
25,000
100,000
26,250 00
111,000 00
25,000 00
100,000 00
$586,500 $625,590 00 $586,500 00
Total A m o u n t o f L o a n s , w ith E a c h S p ecified B a te o f Dzterest.
Amount.
$319,366
9,743
70.000
263,000
20.000
55.000
25.000
Kate.
09
52
00
00
00
00
00
2 per cent.
2¿
«•
3
“
3ys
«
3i
“
3%o
“
3%
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$45,000
200,000
25.000
921,000
50.000
694,300
4,000
Kate.
00
00
00
00
00
00
00
3£ per cent.
3f
“
3%o
4
4J
4^
4|
“
“
»
“
Amount.
$738,620
195,625
.672,525
4,360
1,209,396
191,974
Kate.
00
00
00
00
51
88
4¿ per cent.
4|
5
5i
H
6
“
“
“
“
“
No. 8.]
SAVINGS BANK COMMISSIONERS
411
New Bedford Five Cents Savings Bank — Concluded.
$92,000 00
Amount invested in real estate for banking purposes,..................................
115,000 00
Estimated value of the s a m e , ....................................................................
93,400 00
Assessed value of the same.................................................................................
980 71
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
157,974 59
otherwise,......................................................................................................
128,300 00
Assessed value of the sam e,.............................................................................
3,399 79
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 877
Aggregate amount of the s a m e , .................................................................... 1,104,937 76
Total number of loans upon real estate............................................1,047
3,760 55
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
331,814 80
during year ending Oct. 31, 1 9 0 1 , ............................................................
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 2 per cent., $135,063 52 I 254,965 92
during the year ending Oct. 31, 1901,
.
1 1| per cent., 119,902 40
Number of accounts opened during the year ending Oct. 31, 1901,
3,005
Number of accounts closed during the year ending Oct. 31, 1901,
2,344
Total number of open accounts Oct. 31, 1901,
.
.
.
.
24,174
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
18,354 95
clusive of taxes)...............................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,..................................................................................... 1,261,789 25
Number of s a m e ,............................................................................ 25,156
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ............................................................................................. 1,366,071 27
16,157
Number of s a m e ,.................................................................... ........
Date of examination by commissioner: November 6 and 7.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
412
[Pub. Doc
N E W BEDFORD IN S T IT U T IO N FOR S A V IN G S — N E W
BE DFORD .
Incorporated June 16, 1825. Present number of corporators, 128.
W il l i a m W . C r a p o , President.
W il l i a m G . W
C h a r l e s H . P e i r c e , Treasurer.
o od ,
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 ,
A n d r e w G . P e ir c e ,
G id e o n A l l e n , Jr.,
F r e d e r ic k G r i n n e l l ,
T h o m a s B. T r i p p ,
O l i v e r P r e s c o t t , Jr.,
C la r e n c e A . Co ok .
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 Sh e e t O c t . 31,1901.
A ssets .
L ia b ilit ie s .
Public funds, as per schedule, . $3,084,200 00
Loan on public funds,
4,000 00
889,110 00
Bank stock, as per schedule,
Loans on bank stock,
127,100 00
Railroad bonds, as per schedule,
1,454,000 00
Loan on railroad stock,
60,000 00
Real estate (for banking purt poses).........................................
170,000 00
17,723 95
Other real estate,
3,198,582 17
Loans on real estate, .
4,899,700
00
Loans on personal security,
Loans to counties, cities or towns
577,700 00
(notes).......................................
554,683 01
Deposits in banks on interest, .
1,061 09
Expense account,
50,480 66
Cash on hand, . . . .
$14,300,590 89
Deposits, .
715,000 00
Guaranty fund,
Profit and loss ac
72,749 99
count, .
$15,088,340 88
$15,088,340
88
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
$179,140 71
246,933 91
29,580 16
29,781 81
29,316 28
39,930 14
No. 8.]
SAYINGS BANK COMMISSIONERS
413
New Bedford Institution for Savings— Continued.
Loan on Public Funds : —
$4,000 United States 4s......................................................................................$4,000 00
Loans on Bank Stock, amount on each: —
10 shares Mechanics National Bank, New Bedford,
16 shares National Hide and Leather Bank, Boston,
5 shares Mechanics National Bank, New Bedford,
5 shares Mechanics National Bank, New Bedford,
9 shares First National Bank, New Bedford,
134 shares Traders National Bank, Lowell,
1,000 shares Merchants National Bank, Lowell, .
25 shares Falmouth National Bank, Falmouth,
8 shares Plymouth National Bank, Plymouth,
75 shares Third National Bank, Springfield, .
$ 2,000 00
500 00
500 00
800 0 0
13,400 00
100,000 00
2,000 00
400 00
7.500 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 3£s, .
.
.
.
New York 3 s , ..................................
Vermont 3T8ïïs, .
.
.
City of Bay City, Mich., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass , 6s, .
of Canton, Ohio, 3£s,
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 4£s, .
of Danbury, Conn,, 4s,
of Dayton, Ohio, 5s,
of Detroit, Mich., 4s,
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 5s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 6s,
of Milwaukee, Wis , 5s, .
of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of New Bedford, Mass., 6s,
of Peoria, 111., 4ès, .
of Providence, R. I., 4s, .
of Providence, R. I., 5s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$107,700
20,000
400,000
215,000
100,000
50,000
42,500
453,000
1,000
1,000
11,000
50,000
100,000
50,000
96,000
300,000
100,000
130,000
143,000
7,000
72,000
50,000
10,000
100,000
50,000
50,000
61,000
Estimated
Market Value.
$148,350
20,400
400,000
232,200
100,000
50,000
42,700
474,545
1,035
1,065
11,220
53,250
100,250
54,500
99,360
334,500
101,500
141,050
148,005
7,000
79,290
53,625
10,225
113,500
53,500
56,750
65,575
Legal investments when made.
Amount Invested.
00 $107,700 00
00
20,000 00
00
400,000 00
00
215,000 00
00
100,000 00
00
50,000 00
00
42,500 00
00
453,000 00
00
1,000 00
00
1,000 00
00
11,000 00
00
50,000 00
00
100,000 00*
00
50,000 00
00
96,000 00
00
300,000 00
00
100,000 00
00
130,000 00
00
143,000 00
00
7,000 00
00
72,000 00
00
50,000 00
00
10,000 00
00
100,000 00
00
50,000 00*
00
50,000 00
00
61,000 00
[Pub. Doc
REPORT OF THE
414
New Bedford Institution for S avings — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.
City of Salem, Mass., 4s, .
of Springfield, Ohio, 4£s,.
of Waltham, Mass., 4s,
of Woonsocket, R I., 4s, .
Town of Attleborough, Mass., 7s, .
of Fairhaven, Mass., 4s,
$78,000
60,000
25.000
50.000
34.000
67.000
Estimated
Market Value.
$80,340
66,825
26,750
54,000
37,060
70,685
00
00
00
00
00
00
Amount Invested.
$78,000
60,000
25.000
50.000
34.000
67.000
00
00
00
00*
00
00
$3,084,200 $3,289,055 00 $3,084,200 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
360
90
230
230
100
460
200
200
490
30
20
133
612
130
40
530
140
140
90
175
130
18
200
22
200
250
45
1356
Par Value.
Atlas National Bank, Boston, .
Eliot National Bank, Boston, .
First National Bank, Boston, .
Merchants Nat’l Bk, Boston, .
Monument N’l B’k, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of the Commonwealth,
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,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
National Union Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N’i 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,
Railroad Nat’l Bank, Lowell, .
First N’l Bank, New Bedford,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Amount
Market Value.
Invested.
$36,000
9,000
23,000
23,000
10,000
46,000
00
00
00
00
00
00
$36,000
9,000
23,000
23,000
10,000
46,000
$38,520
13,500
40,250
40,250
19,000
57,960
00
00
00
00
00
00
20,000
20,000
49,000
14,000
9,000
8,750
13,000
1,800
20,000
39,200
25,000
73,990
150
2,800
16,492
122,400
19,630
5,760
95,400
140
21,000
9,990
1,750
14,430
2,880
20,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
14,000
9,000
1,750
13,000
1,800
20,000
00
00
00
00
00
00
1,760
20,000
25,000
4,500
135,600
1,540
21,000
30,500
5,625
169,500
00
00
00
00
00
1,760
20,000
25,000
4,500
135,600
00
00
00
00
00
-
2,000
13,300
61,200
13,000
4,000
53,000
-
20,000 00
20,000 00
49,000 00
2,000 00
13,300 00
91,800 00
13,000 00
4,000 00
53,000 00
-
No. 8.]
415
SAVINGS BANK COMMISSIONERS
New Bedford Institution for Savings — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
1000
1096
1366
200
Par Value.
Mechanics National Bank,New
Bedford,
.
.
.
.
Merchants Nat’l Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,
Third Nat’l Bank, Springfield,
$100,000
Estimated
Amount
Market Value.
Invested.
$140,000 00 $100,000 00
109,600
213,720 00
109,600 00
15,709
20,000
2,732 00
44,000 00
20,000 00
$881,219 $1,309,109 00 $889,110 00
Detailed Statement o f Bailroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s..............................
Boston & Lowell R.R. 4^s,
Boston & Maine R.R. 4s, .
Burlington & Missouri River R.R.
6 s ,...................................................
Chic., Burlington & Quincy R R. 3¿s,
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. 3is,
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3¿s,
Illinois Central R.R. 3¡|s,.
Illinois Central R.R. 5s, .
Michigan Central R.R. 5s,
Michigan Central R.R. 7s,
New York Central & Hudson River
R.R. 7s.............................................
Old Colony R.R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$25,000
39,000
$27,375 00
44,265 00
$25,000 00
39,000 00
13,000
20,000
200,000
14,495 00
20,250 00
229,000 00
13,000 00
20,000 00
200,000 00
46,000
100,000
100,000
9,000
25,000
30,000
100,000
50,000
50,000
100,000
97,000
100,000
100,000
55,660
102,000
109.500
10,080
26,250
32,887
102,750
55,500
52,000
100,500
98,455
100,500
101,500
46,000
100,000
100,000
9,000
25,000
30,000
100,000
50,000
50,000
100,000
97,000
100,000
100,000
50,000
200,000
51,625 00
222,750 00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50,000 00
200,000 00
$1,454,000 $1,557,342 50 $1,454,000 00
416
REPORT OF THE
[Pub. Doc,
New Bedford Institution for Savings — Concluded.
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.
$514,752
100,000
150.000
60,000
115.000
Kate.
87
00
00
00
00
2
3
per cent.
3%
3y20
“
3%
“
“
Amount.
$730,000
827,000
3 , 172,700
1,003,000
1,359,800
Rate.
00
00
3^
3|
00
4
00
00
4^
4è
per cent.
“
“
“
Amount.
$20,000
647,929
612,848
1,400
107,335
Kate.
00
00
17
00
14
4| per cent.
5
H
6|
6
«
“
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 sa m e ,.............................................................................
140,937 80
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
17,723 95
Assessed value of the same, - . ....................................................................
22,394 00
Net income received from same during year ending Oct. 31, 1901,
245 39
Number of loans which are of an amount not exceeding $3,000 each, 485
Aggregate amount of the s a m e ,....................................................................
646,603 34
Total number of loans upon real e s t a t e , ...........................................567
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
625,993 95
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., $271,782 59
I 546,681 89
during the year ending Oct. 31,1901,
.
1 2 per cent.,
274,899 30
Number of accounts opened during the year ending Oct. 31, 1901,
3,101
Number of accounts closed during the year ending Oct. 31, 1901,
2,333
Total number of open accounts Oct. 31, 1901,
.
.
.
.
25,901
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
25,957 32
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,..................................................................................... 1,903,825 20
Number of s a m e ,............................................................................. 19,050
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................. 2,108,435 25
Number of same, .
.
............................................................19,668
Date of examination by commissioners : November 7 and 8 .
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS
N E W B U R Y P O E T F IV E
CENTS S A V IN G S
BU RYPO R T.
Incorporated April 24, 1854.
M ose s H . F o w l e k ,
417
BANK — N E W -
Present number of corporators, 49.
President.
Treasurer.
J. A . M a y n a r d ,
J. A . M a y n a r d ,
Clerk of the Corporation.
Names of committee charged with the investment of its funds:
M oses
H.
F ow ler,
W il l ia m
N a t h a n ie l D o l e ,
F.
H o u st o n ,
W . R . Jo h n s o n .
Open for business every business day, 8.30 a . m . to 2 p . m .
Balan ce Sh eet Oct.
31, 1901.
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, .
L ia b il it ie s .
$420,600 00
82.206 00
33,000 00
258,675 00
30,000
19,100
649,420
300,850
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$1,738,401 31
85,000 00
71,414 24
2 ,0 0 0 0 0
49,935 00
50,992 08
235 25
1,802 22
$1,896,815 55
$1,896,815 55
Cash on Deposit in Banks, amount in each: —
Fourth National Bank, B oston,...........................................
First National Bank, Newburyp o r t ,..................................
Merchants National Bank, Newbury port, .
.
.
.
$1,188 93
39,803 15
1 0 ,0 0 0 00
Loans on Bank Stock, amount on each: —
20 shares Commercial National Bank, Boston, .
200 shares Broadway National Bank, Boston,
50 shares Essex National Bank, Haverhill,
100 shares Malden Trust Company, Malden,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 2 ,0 0 0
00
2 0 ,0 0 0 0 0
3,500
7,500
00
00
418
REPORT OF THE
[Pub. Doc
N ew b u ry p o rt F ive Cents Savings B ank — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .
'
Par Value.
County of Aroostook, Me., 4£s,
City 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 Rapids, Mich., 4s,
of Grand Rapids, Mich., 4^s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4£s,.
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 Nashua, N. H., 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., 4 s,.
of Cranston, R I., 4s, ,
of Hatfield, Mass., 4s, .
of Holbrook, Mass., 4s, .
of Hull, Mass., 4s, .
of Hyde Park, Mass., 4s,
of North Andover, Mass., 4s,
of Watertown, Mass., 4s,
of Westfield, Mass., 4s, .
of West Springfield, Mass., 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
$10,000
20,000
4,000
25,000
6,000
3,000
14,000
10,000
2,000
15,000
17,000
2,000
20,000
5,000
18,000
15,000
2,000
22,000
15,000
10,000
10,000
15,000
1,000
10,000
14,000
10,000
14,000
25,000
5,000
12,600
15,000
4,000
2,000
2,000
1,000
24,000
9,000
2,000
10,000
$420,600
$11,100
20,850
4,275
27,500
6,164
3,015
15,470
10,800
2,040
16,725
18,955
2,030
22,600
5,025
18,360
16,725
2,045
23,265
15,612
10,725
11,250
15,900
1,060
10,775
14,700
10,375
14,785
26,875
5,250
12,982
16,800
4,560
2,130
2,085
1,000
26,880
9,292
2.095
11,475
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
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
20,000
4,000
25,000
6,000
3,000
14,000
10,000
2,000
15,000
17,000
2,000
20,000
5,000
18,000
15,000
2,000
22,000
15,000
10,000
10,000
15,000
1,000
10,000
14,000
10,000
14,000
25,000
5,000
12,600
15,000
4,000
2,000
2,000
1,000
24,000
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
$453,550 00 $420,600 00
* Legal investments when made.
No. 8.]
419
SAVINGS BANK COMMISSIONERS
|TTewburyport F ive Cents Savings B ank — Continued.
No. of
Shares.
D eta iled S ta tem en t o f B a n k Stock s.
10
60
22
8
■42
33
18
100
23
80
5
16
204
24
37
10
10
70
8
78
25
56
50
89
Estimated
Par Value.
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,.
N’l B’k of the Commonwealth,
Boston,..................................
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Shawmut Bank, Boston,
National Union Bank, Boston,
National Webster B’k, Boston,
New England N’l B’k, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk National Bank, Boston,
Third Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
First N’l Bank, Newburyport,
Mechanicks Nat’l Bank, New
buryport,
.
.
.
.
Ocean N’l Bank, Newburyport,
$1,000
6,000
506
800
-
3,300
1,800
10,000
2,300
-
500
1,600
20,400
2,400
3,700
1,000
-
7,000
800
7,800
1,250
5,600
__
Market Value.
Amount Invested.
$1,220
6,420
110
840
210
4,950
2,268
00
00
00
00
00
00
00
$1,000
6,000
506
800
00
00
00
00
19,600
3,473
400
700
1,984
40,800
3,624
3,848
1,440
10
10,500
920
8,268
250
7,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
10,000 00
2,300 00
T-
3,300 00
1,800 00
-
500
1,600
20,400
2,400
3,700
1,000
00
00
00
00
00
00
-
7,000
800
7,800
1,250
5,600
00
00
00
00
00
_
4,450
250 00
4,539 00
4,450 00
$82,206
$123,624 00
$82,206 00
D eta iled S ta tem en t o f R a ilr o a d B o n d s.
Par Value.
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Boyer Valley R.R. 3às,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Centi'al R.R. 3s, .
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 3¿s,
...................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$30,000
10,000
35,000
10,000
10,000
10,000
25,000
15,000
35,000
15,000
10,000
Estimated
Market Value.
$31,200
11,500
44,100
10,200
10,200
10,400
27,250
16,650
31,500
15,750
00
00
00
00
00
00
00
00
00
00
10,500 00
Amount Invested.
$30,000
10,000
35,000
10,000
10,000
10,000
25,000
15,000
31,675
15,000
00
00
00
00
00
00
00
00
00
00
10,000 00
[Pub. Doc.
REPORT OF THE
420
Newbury port Five Cents Savings Bank — Continued.
Detailed Statement of Railroad Bonds — Concluded.
Par Value.
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5s, .
.
.
.
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,
Estimated
Market Value.
Amount Invested.
$10,000
15.000
$11,600 00
16,650 00
$10,000 00
15.000 00
10.000
10,000
12,000
13,300 00
10,700 00
13,620 00
10.000 00
10,000 00
12,000 00
$262,000 $285,120 00 $258,675 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$1,188
39,803
35.000
33,735
93
15
00
00
1 0 .0 0 0 00
2£
per cent.
3% o
“
3%
3£
3|
“
Amount.
Rate.
Amount.
$148,500 00
4 per cent.
41
«
4i
“
4*
“
5
“
$3,500
26,300
65,250
725
2 0 ,0 0 0 00
65,000 00
111,700 00
523,495 00
Rate.
00
00
00
00
5,j; percent.
5è
“
6
7
Amount invested in real estate for banking purposes,.................................. $30,000 00
Estimated value of the s a m e , ....................................................................
35,000 00
Assessed value of the sam e,.............................................................................
33,000 00
Net income received from same during year ending Oct. 31, 1901,
.
.
1,118 85
Value, by books, of other real estate, held or owned by foreclosure or
otherwise............................................................................................................
19,100 00
Assessed value of the sa m e,.............................................................................
23,125 00
Net income received from same during year ending Oct. 31, 1901,
.
.
24 64
Number of loans which are of an amount not exceeding $3,000 each, 303
349,720 00
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................352
Amount of investments from which no income is received, .
.
.
.
21,900 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
77,935 95
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 f 2 per cent., $30,973 24 ) ^ 333 40
during the year ending Oct. 31, 1901,.
.
(2 per cent.,
31,863 16 1
Number of accounts opened during the year ending Oct. 31, 1901,
. 436
Number of accounts closed during the year ending Oct. 31, 1901,
. 254
Total number of open accounts Oct. 31, 1901,
.
.
.
.
4,098
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
421
Newbury port Five Cents Savings B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
..................................................................................... $4,090 12
Amount of deposits,jnot including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
238,040 31
Number of s a m e ,............................................................................ 2,428
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
190,068 85
Number of s a m e ,............................................................................ 2,109
Date of examination'by „commissioner : February 21.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
422
REPORT OF THE
[Pub. Doc.
N E W T O N S A V IN G S B A N K — N E W T O N .
Incorporated June 17, 1831.
Present number of corporators, 16.
C h a u l e s T. P u l s if e r , President.
A d o l p h u s J. B l a n c h a r d , Treasurer.
C h a r l e s A . M i n e r , Clerk of 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 ,
F r a n c is M u r d o c k ,
Sam u el M . Jackson.
Open for business every business day except Saturdays, , 9 a . m . to 3 p . m . ;
Saturdays, 9 a . m . to 1 p .m .
B a l a n c e S h e e t O ct . 31, 1901.
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,
Deposits in banks, on interest, .
Suspense account,
Income and expenses of real
estate by foreclosure,
Taxes paid,
.
.
.
.
Cash on hand, . . .
.
L ia b il it ie s .
$119,000
18,574
8,050
523.000
150.000
00
50
00
00
00
50,000
78,600
2,592,181
1,229,200
111,454
1,096
00
00
11
25
45
02
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$4,672,271 99
123,000 00
47,659 37
46,988 36
1,508 35
102 28
7,152 76
$4,889,919 72
$4,889,919 72
Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
Newton National Bank, Newton,
Loans on Bank Stock, amount on each : —
10 shares Merchants National Bank, Boston,
16 shares Merchants National Bank, Boston,
5 shares Mechanics National Bank, Boston,
61 shares First National Bank, West Newton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$58,401 00
53,053 45
$ 1,000 00
1,600 00
450 00
5,000 00
No. 8.]
SAYINGS BANK COMMISSIONERS
423
Newton Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Bangor, Me., 6s, .
of Bristol, R. I., 3<£s,
o f Cleveland, Ohio, 4s,
of Newton, Mass., 4s,
of Newton, Mass., os,
of Pittsfield, Mass., 4s,
of St. Joseph, Mo., 6s,
of Worcester, Mass., os, .
Town of Needham, Mass., 4s, .
Estimated
Market Value.
$1,087
10,550
3,015
5,600
53,500
10,825
20,600
5,262
15,862
$1,000
10,000
3.000
5.000
50.000
10.000
20,000
5.000
15,000
50
00
00
00
00
00
00
50
50
Amount Invested.
$1,000
10,000
8,000
5.000
50.000
10.000
20,000
5.000
15,000
00
00
00*
00
00
00
00
00
00
$119,000 $126,302 50 $119,000 00
* A legal investment when made.
Xo. of
Shares.
Detailed Statement o f Bank Stocks.
25
116
60
6
10
25
25
24
Estimated
Par Value.
Commercial N’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
National Bank of the Commonwealth, Boston,
State National Bank, Boston, .
First Nat’l Bank, Cambridge, .
Wachusett N’l B’k, Fitchburg,
Natick Nat’l Bank, Natick,
Newton Nat’l Bank, Newton,.
$2,500
1,160
6,000
600
1,000
2,500
2,500
2,400
$18,660
Market Value.
$3,325 00
348 00
11,760
666
1,620
3,125
3,000
2,136
00
00
00
00
00
00
$25,980 00
Amount Invested.
$2,500 00
1,160 00
6,000
600
1,000
2,500
2,500
2,314
00
00
00
00
00
50
$18,574 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,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4¿s, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$50,000
21,000
100,000
100,000
30.000
• 20,000
25.000
Estimated
Market Value.
$55,250
21,615
126,000
102,250
31,275
21,800
27,750
00
00
00
00
00
00
00
Amount Invested.
$50,000
21,000
100,000
100,000
30.000
20.000
25,000
00
00
00
00
00
00
00
424
[Pub. Doc.
REPORT OF THE
Newton Savings B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Fitchburg R.R. 5s, .
Illinois Central R.R. 4s, .
Maine Central R.R 7s,
New York, New Haven & Hartford
R.R. 3 £ s , ..................................
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................
Estimated
Market Value.
Amount Invested.
125,000
25,000
7,000
$27,250 00
28,500 00
9,100 00
$25,000 00
25,000 00
7,000 00
70,000
25,000
73,150 00
27,625 00
70,000 00
25,000 00
25,000
33,250 00
25,000 00
$523,000
$584,815 00
$523,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$150,000
Estimated
Market Value.
Amount Invested.
$174,000 00
$150,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$53,053
58,401
293,000
180,500
Kate.
45
00
00
00
2 per cent.
2è
»
4
H
“
“
Amount.
Kate.
$1,116,375 00 4£ per cent.
228,550 00 4|
“
1,926,476 36 5
»
Amount.
$4,200 00
65,880 00
14,450 00
Rate.
5| per cent.
Bà
“
6
«
Amount invested in real estate for banking purposes,............................$ 5 0 ,0 0 0
00
Estimated value of the s a m e , ...........................................................
50,000
00
Assessed value of the sa m e ,...................................................................
53,600
00
Net income received from same during year ending Oct. 31, 1901, .
.
781 59
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,.............................................................................................
78,600
00
Assessed value of the sa m e ,...................................................................
85,305
00
Net income received from same during year ending Oct. 31, 1901, .
.
358 38
Number of loans which are of an amount not exceeding $3,000 each, 387
Aggregate amount of the s a m e , ....................................................................
659,043 00
Total number of loans upon real e s t a t e , ...........................................640
Amount of investments from which no income is received, .
.
.
.
54,110 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
207,560 90
Times for the dividends fixed by the by-laws: January 10 and July 10;
payable on the Tuesday after January 10 and July 10.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
425
Newton Savings Bank — Concluded.
Rate and amount of eachsemi-annual dividend f 2 per cent., $81,153 94 I $166,782
during the year ending Oct. 31,1901, .
. 1 2 per cent.,
85,628 31
Number of accounts opened during the year ending Oct. 31, 1901,
1,636
Number of accounts closed during the year ending Oct. 31, 1901,
. 866
Total number of open accounts Oct. 31, 1901,
.
.
.
.
12,896
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
13,865
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
939,615
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,....................................................................................11,287
Amount of withdrawals, including dividends, during the year ending
677,354
Oct. 3 1 , 1 9 0 1 , .............................................................................................
Number of s a m e ,..................................................................................... 9,036
Date of examination by commissioner : March 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
25
11
38
30
426
REPORT OF THE
[Pub. Doc
N E W T O N CE N TR E S A 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 . J o n e s , President.
M e l l e n B r a y , Treasurer.
W i l l i a m M . F l a n d e r s , Clerk of the Corporation.
Names of committee charged with the investment of its funds :
S e w a r d W . J o n es,
E d w ar d B . E aton,
E r a st u s T. C o l b u r n ,
D. H. A n d r e w s ,
D w ig h t C h e s t e r .
Open for business every business day except Saturdays, 9 to 11.30 a .m . ; 2 to 3.30 p . m . ;
Saturdays, 9 a . m . to 12 m .
B ala n c e S h e e t O c t . 31,1901.
A ssets .
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,
Furniture and fixtures,
Premium account,
Cash on hand...............................
L ia b il it ie s .
$1,835
3,046
57,990
4,400
241,800
86,437
10,662
162
373
00
00
00
00
00
00
24
37
19
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Rent account, .
$404,942 01
2,472 84
2,210 89
3,214 38
24 81
6 ,0 0 0 00
159 13
$412,864 93
$412,864 93
Cash on Deposit in Bank : —
Newton Centre Trust Company, Newton C e n t r e , .................................. $10,662 24
Loan on Public Funds : —
$3,000 City of Boston, Mass., 4s,.................................................................... $1,835 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
427
SAVINGS BANK COMMISSIONERS.
Newton Centre Savings Bank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks.
12
10
20
Par Value.
Blackstone N’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Newton Centre Trust Com
pany, Newton Centre, .
Estimated
Market Value.
Amount Invested.
$276
1,000
$60 00
1,500 00
$96 00
950 00
2,000
2,200 00
2,000 00
$3,276
$3,760 00
$3,046 00
Detailed Statement o f Bailroad Bonds.
Par Value.
Albany & Susquehanna R.R. 6s,
Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
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,
Western Pennsylvania R.R. 4s,
Estimated
Market Value.
Amount Invested.
$12,000
1,000
5,000
1,000
6,000
5,000
5,000
1,000
$13,200
1,260
5,495
1,040
6,060
5,625
6,450
1,120
00
00
00
00
00
00
00
00
$12,000
1,000
5,000
1,000
5,990
5,000
5,000
1,000
00
00
00
00
00
00
00
00
9,000
5,000
3,000
5,000
10,580
5,362
3,225
5,475
00
50
00
00
9,000
5,000
3,000
5,000
00
00
00
00
$58,000
$64,892 50
$57,990 00
Total Amount o f Loans, with Each* Specified Rale of Interest.
Rate.
Amount.
$10,662 24
25,400 00
2
H
per cent.
“
Amount.
$228,285 00
35,350 00
Rate.
5 per cent.
“
$41,037 00
6
per cent.
5è
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, 1901,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 82
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................91
Amount of investments from which no income is received, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
Amount.
St,400 00
4,500 00
24 81
125,522 00
96 00
REPORT OF THE
428
[Pub. Doc.
Newton Centre Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1901.................................................................... $17,759 51
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 J 2 per cent.,
$6,015 69 1 ^ 711 47
during the year ending Oct. 31, 1901,
.
12 per cent.,
6,695 78 i
’
Number of accounts opened during the year ending Oct. 31, 1901,
. 425
Number of accounts closed during the year ending Oct. 31, 1901,
. 147
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,578
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
450 48
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
164,816 47
Number of s a m e ,............................................................................ 2,439
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
96,777 80
Number of s a m e ,.............................................................................1,233
Date of examination by commissioner: November 18.
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
429
NO N O TU CK SA V IN G S B A N K — N O R TH AM PTO N .
Incorporated Feb. 9, 1899.
Present number of corporators, 54.
G e o r g e L. L o o m is , President.
J o h n P r in c e , Treasurer.
I sa ac B r i d g m a n , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
R. L . W il l is t o n ,
J o h n P r in c e ,
O. W . P r o u t y .
Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a .m . to 12 M.
B alan ce S h eet O ct . 31, 1901.
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 tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Premium account,
Cash on hand...............................
L iab ilit ies .
$51,497
900
9,575
1,940
384,154
86,245
00
00
00
00
09
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$570,553 34
1,950 00
3,410 03
689 61
1,200 00
250
37,683
713
465
1,508
470
00
19
49
95
49
77
$576,602 98
$576,602 98
Cash on Deposit in Banks, amount in each: —
First National Bank, Northampton,............................................................$14,136 63
Hampshire County National Bank, Northampton........................................
5,461 36
3,085 20
Springfield National Bank, S p rin g field ,...................................................
Hampden Trust Company, Springfield...........................................................
15,000 00
Loans on Bank Stock, amount on each : —
3 shares First National Bank, Northampton,...........................................
10 shares Hampshire County National Bank, Northampton, .
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$300 00
600 00
430
REPOET OF THE
[Pub. Doc
N o n o tu e k Savings B ank — Continued.
Mo. of
Shares.
Detailed Statement o f Bank Stocks.
Par Value.
10 Greylock Nat’l Bank, Adams,.
5 Miller’s River N’l B’k, Athol, .
20 Corny ay Nat’l Bank, Conway,.
33 First Nat’l Bank, Northampton,
50 Chapin N’l Bank, Springfield,
50 Chicopee N’l B’k, Springfield,
37 City Nat’l Bank, Springfield, .
6 First National B’k, Springfield,
50 Second N’l B’k, 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
$34,100
Estimated
Market Value.
$1,750
825
2,000
4,125
5,750
7,500
5,254
630
6,500
5,060
1,085
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
$49,979 00
00
00
00
50
00
00
00
00
50
00
00
00
$51,497 00
Detailed Statement o f Bailroad Bonds.
Par Value.
Erie & Pittsburgh R.R. 3£s,
Illinois Central R.R. 3s, .
Estimated
Market Value.
Amount Invested.
$5,000
5,000
$5,206 25
4,525 00
$5,000 00
4,575 00
$10,000
$9,731 25
$9,575 00
Total Amount o f Loans, with Each Specified Bate o f Interest.
4Ji per cent.
5
Amount.
o
o
o
o
$15,000 00
438,149 09
Rate.
o
o
o
o
3 per cent.
4
“
Amount.
C IO
$22,683 19
15,000 00
Rate.
o p
Amount.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the sa m e ,.............................................................................
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 , ........................................... 201
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 1 , ............................................................
Times for the dividends fixed by the by-laws: first Wednesday in June
and December; payable on same days.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
5£ per cent.
6
$1,940 00
1,150 00
267,360 70
1,940 00
20,007 23
No. 8.]
SAVINGS BANK COMMISSIONERS.
431
N o n o tu c k Savings B a n k — Concluded.
Rate and amount of each semi-annualdividend f 2 per cent.,
$7,194 34
J $16,204
during the year ending Oct. 31, 1901,.
.
1 2 per cent.,
9,010 39
Number of accounts opened during the year ending Oct. 31, 1901, . 521
Number of accounts closed during the year ending Oct. 31, 1901,
. 155
Total number of open accounts Oct. 31, 1901..................................
1,623
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
1,486
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 1 ,.....................................................................................
238,679
Number of s a m e ,..................................................................................... 2,023
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
87,084
Number of s a m e ,........................................................................................ 858
Date of examination by commissioner : June 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
73
82
08
94
[Pub. Doc
REPORT OF THE
432
WORTH A D AM S S A V IN G S B A N K — W ORTH A D AM S.
Incorporated April 26, 1848. Present number of corporators, 33.
A. C. H o u g h t o n , President.
V. A. W h i t a k e r , Treasurer.
V . A. W h i t a k e r , Clerk o f the Corporation.
Names of committee charged with the investment of its funds .
G e o r g e L. R i c e ,
C. E. W
F. A. W il c o x s o n .
in c h e l l ,
Open for business every business day, 9 a . m . to 4 p .m .
B a l a n c e Sh e e t O c t . 31, 1901.
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) , ..................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Interest account,
Cash on hand, .
L ia b ilit ie s .
$95,800 00
94,500 00
4,750 00
20,000 00
1,200 00
29,060
4,000
1,987,480
1,254,976
57
00
99
22
115,100
3,456
30,518
111,579
1,186
40,668
6,562
00
19
70
34
56
28
63
$3,800,839 48
Deposits, .
Guaranty fund,
Undivided earnings,
Tax account, .
Due on mortgage
loans, .
$3,585,488
167,000
32,898
3,500
24
00
42
00
11,952 82
$3,800,839 48
Cash on Deposit in Banks, amount in each : —
New England National Bank, Boston,
Adams National Bank, North Adams,
Berkshire National Bank, North Adams, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,518 70
99,966 66
21,612 68
No. 8.]
433
SAYINGS BANK COMMISSIONERS
Horth Adams Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
$250
2,300
900
800
500
3 shares Pittsfield National Bank, Pittsfield,
25 shares Adams National Bank, North Adams,
25 shares Adams National Bank, North Adams,
25 shares Adams National Bank, North Adams,
12 shares Adams National Bank, North Adams,
00
00
00
00
00
Loan on Railroad Stock: —
16
shares Fitchburg R . R . , ........................................................
$1,200 00
Detailed Statement o f Public Funds.
Par Value.
$20,000
10,000
10,000
5,000
30,000
20,800
City of Dayton, Ohio, 4s,
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.
$20,492
11,102
10,691
5,762
31,349
21,833
00
00
00
00
00
00
$95,800 $101,229 00
Amount Invested.
$20,000
10,000
10,000
5,000
30,000
20,800
00
00
00
00
00*
00
$95,800 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
7
418
490
30
Estimated
Par Value.
Lee National Bank, L e e ,.
Adams N’l B’k, North Adams,
Berkshire N’l B’k, No. Adams,
Pittsfield Nat’l B’k, Pittsfield, .
$700
41,800
49,000
3,000
Market Value.
$1,155
48,070
52,430
4,590
00
00
00
00
$94,500 $106,245 00
Amount Invested.
$700
41,800
49,000
3,000
00
00
00
00
$94,500 00
Detailed Statement o f Bailroad Bonds.
Fitchburg R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
.
.
Par Value.
Estimated
Market Value.
Amount Invested.
$20,000
$20,579 00
$20,000 00
[Pub. Doc.
REPORT OF THE
434
North Adams Savings Bank — Concluded.
Total Amount o f Loans, with Each Specified Bate of Interest.
Rate.
Amount.
$30,518 70
70,000 00
2 0 ,0 0 0 00
2
3
3h
per cent.
“
Amount.
Rate.
Amount.
Rate.
$278,300 00
252.000 00
4 per cent.
4|
“
H
“
$35,000 00
2,470,803 40
40,860 00
4| per cent.
5
6
“
2 0 0 .0 0 0 00
Amount invested in real estate for banking purposes,..................................
Estimated value of the s a m e , ....................................................................
Assessed value of the same.................................................................................
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other 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, 652
Aggregate amount of the same..........................................................................
Total number of loans upon real e s t a t e , ........................................... 654
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1901....................................................................
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., $63,685 95 1
during the year ending Oct. 31, 1901,
.
i 2 per cent.,
67,381 24 J
Number of accounts opened during the year ending Oct. 31, 1901,
1,716
Number of accounts closed during the year ending Oct. 31, 1901,
1,278
Total number of open accounts Oct. 31, 1901,
.
.
.
.
8,316
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
Number of s a m e ,......................................................................................9,798
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
Number of s a m e ,..................................................................................... 7,106
Date of examination by commissioner: April 26.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$29,060 57
65.000 00
53.000 00
217 0 2
4,000 00
2,700 00
681,802 79
170,011 13
131,067 19
12,524 33
782,909 00
577,999 67
No. 8.]
435
SAVINGS BANK COMMISSIONERS.
N O R TH AM PTO N IN S T IT U T IO N FOR S A V IN G S — N O R T H
AM PTO N .
Incorporated March 1, 1842.
Ol iv e r W a l k e r ,
Present number of corporators, 17.
President.
S a m u e l D . D r u r y , Treasurer.
T. G. S p a u l d i n g , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
S. D . D r u r y ,
F rank
E.
O scar E d w a r d s ,
Cl a r k ,
A rth ur W atson.
Open for business every business day except Saturdays, 9 a . m . to 3
9 a . m . to 12 M.
B alance
.
Sh e e t
O ct.
.
; Saturdays,
31, 1901.
L ia b ilit 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
(notes)......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand, . . .
.
p .m
$772,000
31,700
5,485
815.000
275.000
00
00
00
00
27.000
1,705
1,317,385
717,106
00
00
04
63
20,500
650
94,041
1,085
15.000
15,120
00
00
24
51
00
60
00
$4,108,779 02
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$3,893,747 93
2 0 0 ,0 0 0 00
11,225 49
3,805 60
$4,108,779 02
Cash on Deposit in Banks, amount in each : —
Second National Bank, B osto n ,.................................................................... $5,008 10
First National Bank, Northampton,............................................................
28,156 12
Northampton National Bank, Northampton..................................................
60,877 02
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
436
[Pub. Doc
REPORT OF THE
Northampton Institution for Savings — Continued.
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, .
2 shares First National Bank, Easthampton, .
30 shares First National Bank, Northampton, .
3 shares First National Bank, Northampton, .
2 shares P'irst National Bank, Northampton, .
5 shares Northampton National Bank, Northampton,
10 shares Ware National Bank, Ware,
$ 1 0 0 00
500
560
00
00
100 0 0
2,500
300
125
00
1,300
00
00
00
Detailed Statement o f Public Funds.
Par Value.
Massachusetts 3£s, .
.
.
.
City of Boston, Mass., 4s,
of Cambridge, Mass., 4s, .
of Cleveland, Ohio, 4^s, .
of Cleveland, Ohio, 5s,
of Detroit, Mich., 4s,
of Detroit, Mich., 7s,
of Grand Rapids, Mich., 4£s, .
of Manchester, N. H., 4is,
of Milwaukee, Wis., 5s, .
of Northampton, Mass., 3is, .
of Northampton, Mass , 4s,
of Providence, R. I., 4s, .
of Scranton, Pa., 4£s,
of Springfield, Ohio, 5s, .
Town of Meriden, Conn., 4és, .
'
Estimated
Market Value.
Amount Invested.
$100,000 $109,625 00 $100,000 00
200,000
223,625 00
200,000 00
32,100 00
30,000 00
30,000
28,000 00*
28,070 00
28,000
75,000 00*
75.000
76,625 00
56,500 00
50,000 00
50,000
10,000 00
10,000
10,800 00
22,250 00
20,000 00
20,000
28,125 00
25,000 00
25,000
10,000
10,000 00
10,560 00
51,625 00
50,000 00
50,000
50,000
54,375 00
50,000 00
50,000 00
50,000
53,500 00
35,000
35,000 00
35,875 00
5,000
5,750 00
5,000 00
36,040 00
34,000
34,000 00
$772,000
$835,445 00
$772,000 00
* Legal investments when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
31
105
17
20
7
15
10
50
26
Par Value.
Bunker Hill N’l Bank, Boston,
First National Bank, Boston, .
Hancock Nat’l Bank, Boston, .
Merchants N’l Bank, Boston,
Monument Nat’l B’k, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Exchange B’k, Boston, .
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,100
10,500
1,700
2,000
700
1,500
1,000
5,000
-
Estimated
Market Value.
$5,890
18,375
85
3,500
1,330
1,890
1,400
9,000
26
00
00
00
00
00
00
00
00
00
Amount Invested.
'$3,100 00
10,500 00
-
2,000 00
700 00
1,500 00
1,000 00
5,000 00
-
No. 8.]
SAVINGS BANK CO M M ISSIO N E D .
437
Northampton Institution for Savings — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded,
9
50
20
•
Estimated
Par Value.
First N’l B’k, Northampton, ,
Northampton National Bank,
Northampton,
City Nat’l Bank, Worcester, .
Market Value.
Amount Invested.
$900
$1,125 00
$900 00
5,000
2,000
10,000 00
2,500 00
5,000 00
2,000 00
$33,400
$55,121 00
$31,700 00
Detailed Statement o f Railroad Bonds.
Par Value.
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 5s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3ès,.
Maine Central R.R. 4¿s, .
Milwaukee, Lake Shore & W estern
R.R. 5 s ,...........................................
New York & New England R.R. 7s,
N. Y. & N. E. R.R. (terminal) 4s, .
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R. 4s, .
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
$40,000
25,000
50,000
55,000
50,000
100,000
40,000
100,000
50,000
Estimated
Market Value.
$44,800
30,250
51,000
62,700
55,875
109,250
47,700
101,000
54,750
00
00
00
00
00
00
00
00
00
Amount Invested.
$40,000
25,000
50,000
55,000
50,000
100,000
40,000
100,000
50,000
00
00
00
00
00
00
00
00
00
50,000
25,000
95,000
63,000 00
27,625 00
114,950 00
50,000 00
25,000 00
95,000 00
65,000
50,000
75,400 00
56,750 00
65,000 00
50,000 00
20,000
24,800 00
20,000 00
$815,000 $919,850 00 $815,000 00
Boston Terminal Company 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 $290,000 00 $275,000 00
[Pub. Doc.
REPOET OF THE
438
Northampton Institution for Savings — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.
$5,008 10
89,033 14
274,915 00
Kate.
2 per cent.
3
4
«
Amount.
$206,000 00
235,385 00
75,000 00
Rate.
4| per cent.
4A
“
4f
«
Amount.
Rate.
$64,000 00
1,161,253 88
44,572 79
4 f per cent.
5
6
$27,000
Amount invested in real estate for banking purposes, .
30,000
Estimated value of the s a m e , ....................................................................
26,600
Assessed value of the sa m e,.............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
1,705
otherwise,......................................................................................................
1,250
Assessed value of the sa m e ,.............................................................................
54
Net income received from same during year ending Oct. 31, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 582
610,706
Aggregate amount of the s a m e ,...................................................
Total number of loans upon real e s t a t e , ...........................................610
Gross amount of interest or profits received or earned, as per books,
177,141
during year ending Oct. 31, 1 9 0 1 , ............................................................
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 f If per cent., $65,248 61 )
ggg
during the year ending Oct. 31, 1901, .
.
1 1| per cent.,
65,584 68 i
’
Number of accounts opened during the year ending Oct. 31, 1901,
1,232
Number of accounts closed during the year ending Oct. 31,1901,
1,053
Total number of open accounts Oct. 31, 1901,
.
.
.
.
9,818
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.
............................................................................. 8,991 18
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
553,821
Number of s a m e ,............................................................................. 8,135
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
638,536
Number of s a m e ,.............................................................................8,182
Date of examination by commissioner: June 20.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
00
00
00
00
50
40
54
29
22
73
439
SAYINGS BANK COMMISSIONERS
No. 8.]
WORTH A V E N U E SAVIW GS B A N K — W ORTH CA M B R ID G E .
Incorporated March 7, 1872. Present number of corporators, 23.
Sam uel
F.
President.
M i l t o n L. W
(Office vacant) Clerk of the Corporation.
W o o d b b id g e ,
Treasurer.
alton,
Names of committee charged with the investment of its funds:
Sa m u e l
F.
W o o d b r id g e ,
Charles
R u s s e l l S. E d w a r d s ,
W arren
W il l ia m
Open for business every business day,
Balance
F.
to
1 p .m .
O ct.
; also Saturdays,
6
to 8
p .m
.
31, 1901.
L ia b ilit 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 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 te s),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Interest account,
Cash on hand, .
.
Stratton,
H oo per,
Star k .
9 a .m .
Sh eet
F.
L.
$121,950 00
12,949 00
2 0 0 00
123,000
1,300
5,000
15,318
588,230
135,325
00
00
00
46
00
00
49,200
425
60,464
1,279
1,393
00
00
29
02
83
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
$1,116,034 60
$1,074,442 72
24,600 00
16,991
88
$1,116,034 60
Cash on Deposit in Banks, amount in each: —
Faneuil Hall National Bank, Boston,........................................................... $23,485 32
Fourth National Bank, B oston,....................................................................
20,000 00
16,978 97
National Bank of the Republic, B o s t o n , ...................................................
Loan on Bank Stock: —
7 shares South Berwick National Bank, South Berwick, Me.......................
$200 00
Loans on Railroad Stock, amount on each : —
8
6
shares Boston & Albany R .R .,....................................................................
shares Boston & Maine R . R . , .................................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$800 00
500 00
440
REPORT OF THE
[Pub. Doc,
North Avenue Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
District of Columbia 6s, .
City of Brockton, Mass., 4s,
of Canton, Ohio, 5 s ,.
of Dayton, Ohio, 6s,.
of East Saginaw, Mich., os,
of Fall River, Mass., 3£s,.
of Kansas City, Mo., 4^s,.
of Minneapolis, Minn., 4is,
of Minneapolis, Minn., 7s,
of Quincy, Mass., 3£s,
of Somerville, Mass., 3£s,
of St. Joseph, Mo., 6s,
of Wilkes-Barre, Fa., 3ès,
Town of Lexington, Mass., 4s,
of Lincoln, Mass., 3£s, .
of Palmer, Mass., 3ès, .
of Watertown, Mass , 4s,
$2,500
5,000
1,000
1,000
1,000
10,000
20,000
1,000
1,000
4,850
10,000
15,000
10,000
10,000
10,000
9,600
10,000
$121,950
Estimated
Market Value.
$2,550
5,625
1,005
1,040
1,005
10,250
22,600
1,002
1,012
4,850
10,175
15,600
10,225
10,025
11,450
9,864
10,400
00
00
00
00
00
00
00
50
50
00
00
00
00
00
00
00
00
Amount Invested.
$2,500
5,000
1,000
1,000
1,000
10,000
20,000
1,000
1,000
4,850
10,000
15,000
10,000
10,000
10,000
9,600
10,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$128,679 00 $121,950 00
No. of
Shares.
Detailed Statement o f Bank Stocks.
13
106
5
2
15
Estimated
Par Value.
Blackstone N’I Bank, Boston,
Faneuil Hall N’I B’k, Boston, .
Nat’l Exchange Bank, Boston,
Third National Bank, Boston,
First N’1 Bank, Marlborough,.
$299
10,600
500
200
1,500
$13,099
Market Value.
$65
13,780
700
212
1,875
00
00
00
00
00
$16,632 00
Amount Invested.
$299
10,600
500
200
1,350
00
00
00
00
00
$12,949 00
Detailed Statement o f Railroad Bonds.
Estimated
Market Value.
Albany & Susquehanna R.R. 6s,
Chic., Burlington & Quincy R.R. 3¿s,
Chicago & Northwestern R.R. 3 ¿s,.
Concord & Montreal R.R, 4s, .
Erie & Pittsburgh R.R. 3¿s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$10,000
20,000
10,000
5.000
5.000
$11,000
20,400
10,200
5,475
5,200
00
00
00
00
00
Amount Invested.
$10,000
20,000
10,000
5.000
5.000
00
00
00
00
00
No. 8.]
441
SAYINGS BANK COMMISSIONERS.
Worth Avenue Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s..............................
Illinois Central R.R. 3és, .
Michigan Central R.R. 5s,
Michigan Central R.R. 7s,
New York Central & Hudson River
R.R. 7s,
.
.
.
.
.
New York, New Haven & Hartford
R.R. 3ès,
.
.
.
.
.
Old Colony R.R. 4s............................
Old Colony R.R. 4£s,
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4ès,
$4,000
5,000
15,000
4,000
18,000
1,000
10,000
5,000
1,000
5,000
5,000
Estimated
Market Value.
$4,030
5,245
15,150
4,020
18,270
Amount Invested.
$4,000
5,000
15,000
4,000
18,000
00
00
00
00
00
1,000 00
1,035 00
10,450
5,435
1,025
5,350
5,750
10,000
5,000
1,000
5,000
5,000
00
00
00
00
00
$123,000 $128,035 00
00
00
00
00
00
00
00
00
00
00
$123,000 00
Boston Terminal Company Bonds.
Par Value.
$5,000
Boston Terminal Company 3ès,
Estimated
Market Value.
Amount Invested.
$5,000 00
$5,800 00
Total Amount of Loans, with Each Specified Rate of Interest.
Amount.
$40,464 29
2 0 ,0 0 0 00
2 2 ,0 0 0 0 0
7,000 00
14,500 00
Kate.
per cent.
3
“
31
»
3%o “
3è
“
2
Kate.
Amount.
$15,000
33,700
30.000
64.000
00
00
00
00
3| per cent.
4
“
4i
“
4è
“
Rate.
Amount.
$481,655
9,500
63,925
33,400
00
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, 1901,
Number of loans which are of an amount not exceeding $3,000 each, 207
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................225
Amount of investments from which no income is received............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5 per cent.
5i
5i
“
6
$15,318 46
15,880 00
401 83
336,755 00
8,392 82
442
REPORT OF THE
[Pub. Doc.
North Avenue Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ...........................................................
$48,294 83
Time 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 { 1| per cent., $15,462 74 |
31,940 46
during the year ending Oct. 31, 1901, .
. 1 1| per cent.,
16,477 72 i
Number of accounts opened during the year ending Oct. 31, 1901,
. 791
Number of accounts closed during the year ending Oct. 31, 1901,
. 364
Total number of open accounts Oct. 31, 1901,
.
.
.
.
4,214
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)...............................................................................................
3,581 22
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 19 0 1 ,.....................................................................................
305,975 48
Number of s a m e ,.............................................................................6,098
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
203,485 31
Number of s a m e ,.............................................................................3,324
Date of examination by commissioner: April 25.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
443
WORTH BR OOK FIELD S A V IN G S B A N K - NO RTH
B R O O K FIE LD .
Incorporated Feb. 28, 1854.
G eorge
It.
Present number of corporators, 32.
President.
C h a r l e s E. B a t c h e l l e r , Treasurer.
C h a r l e s E. B a t c h e l l e r , Clerk of the Corporation.
H amant,
Names of committee charged with the investment of its funds:
R.
G eorge
H amant,
Sum ner H olm es,
A l b e r t H . Foster,
A llen
E.
H arw ood.
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 alance
Sh eet
O c t . 31, 1901.
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
(notes)......................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.
L ia b il it ie s .
$92,000
1,400
600
184,000
25,000
00
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$777,058 03
39,500 00
27,576 08
4,232 91
8 ,0 0 0 00
32,639 00
500,465 00
2 ,0 0 0 00
852 16
85 13
1,325 73
$848,367
02
$848,367 02
Cash on Deposit in Banks, amount in each: —
Third National Bank, B o s t o n ,....................................................................
First National Bank, Worcester,....................................................................
$215 06
637 10
Loan on Bank Stock : —
8
shares Ware National Bank, W are,.........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600 00
444
[Pub. Doc,
REPORT OF THE
North Brookfield Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
County
City of
of
of
of
of
of
of
of
of
of
of Aroostook, Me., 4ès,
Boston, Mass., 6s,
Canton, Ohio, 5 s,.
Cleveland, Ohio, 5s,
Davton, Ohio, 5 s,.
Kansas City, Mo., 4£s,
Malden, Mass., 4s,
Providence, R. I., 5s, .
Salem, Mass., 5 s ,.
Springfield, Ohio, 5s, .
Stamford, Conn., 4s, .
Estimated
Market Value.
$7,000
4,000
10,000
1,000
28,000
10,000
12,000
4,000
2,000
10,000
4,000
$92,000
$7,770
4,150
10,950
1,080
31,535
11,300
12,375
4,320
2,090
10,310
4,480
00
00
00
00
00
00
00
00
00
00
00
$100,360 00
Amount Invested,
$7,000
4,000
10,000
1,000
28,000
10,000
12,000
4,000
2,000
10,000
4,000
00
00
00
00*
00
00
00
00
00
00
00
$92,000 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
10
4
Estimated
Par Value.
Eliot National Bank, Boston, .
Ware Nat’l Bank, W are,.
Market Value.
Amount Invested.
$1,000
400
$1,500 00
424 00
$1,000 00
400 00
$1,400
$1,924 00
$1,400 00
Detailed Statement o f Bailroad Bonds.
Par Value,
Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Maine R.R. 4s, .
Boston. Winthrop & Shore R.R. 5s,.
Chic., Burlington & Q.uincv R.R. 3is,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3 is ,.
Illinois Central R R. 4s, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$7,000
$7,525 00
$7,000 00
5,000
20,000
5,000
5,000
15,000
27,000
15,000
20,000
10,000
5,587
22,800
5,325
5,100
16,425
30,037
15,412
20,200
11,100
5,000
20,000
5,000
5,000
15,000
27,000
15,000
20,000
10,000
50
00
00
00
00
50
50
00
00
00
00
00
00
00
00
00
00
00
No. 8.]
445
SAYINGS BANK COMMISSIONERS.
Worth Brookfield Savings Bank — Continued.
Detailed Statement of Railroad Bonds — Concluded,
Par Value.
Maine Central R.R. 4s,
Maine Central R.R. 7s,
Old Colony R.R. 4s............................
Portsmouth, Great Falls & Conway
R.R. 4 ^ s , ..................................
Rumford Falls & Rangelev Lakes
R.R. 5 s ,...........................................
Upper Coos R.R. 4£s,
Estimated
Amount Invested.
Market Value.
$5,000
15,000
5,000
$5,252 50
19,575 00
5,553 75
$5,000 00
15,000 00
5,000 00
10,000
12,200 00
10,000 00
10,000
10,000
11,700 00
11,500 00
10,000 00
10,000 00
$184,000
$205,293 75 $184,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
$25,000
Estimated
Market Value.
Amount Invested.
$29,000 00
$25,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
Kate.
per cent.
“
$118,200 00
382,265 00
5 per cent.
5i
“
Amount.
$852 16
2
2 ,0 0 0 00
4
Amount.
$600
Rate.
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 sa m e,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 348
Aggregate amount of the s a m e , ....................................................................
Total number of loans upon real e s t a t e , ...........................................416
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 1 , ............................................................
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable January 3 and July 3.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6
per cent.
$8,000 00
10,000 00
10,000 00
32,639 00
36,075 00
372,315 00
9,757
00
40,479 50
446
REPORT OF THE
[Pub. Doc.
North Brookfield Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent.,
$15,058 94 1
during the year ending Oct. 31, 1901, .
. 1 2 per cent.,
14,998 22 )
Number of accounts opened during the year ending Oct. 31, 1901,
. 227
Number of accounts closed during the year ending Oct. 31, 1901,
. 197
Total number of open accounts Oct. 31, 1901,
. . .
.
2,650
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
1,855 02
Amount of deposits, not including dividends, received during' the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
90,661 04
Number of s a m e ,.....................................................................1,723
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
119,507 90
Number of s a m e ,..................................................................... 1,724
Date of examination by commissioner: April 15.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
447
SAYINGS BANK COMMISSIONERS.
WORTH EA STO N S A V IN G S B A N K — N O R T H EA STO N .
Incorporated Feb. 8,1864.
W
il l i a m
Present number of corporators, 21.
H. A m e s , President.
C h e s t e r It. F i e l d , Treasurer.
C h e s t e r It. F i e l d , Clerk of the Corporation.
Names of committee charged with the investment of its funds:
Cyrus L othrop,
W. K. G o w a r d ,
G eorge
H . W . F rench,
W i l l i a m H. A m e s ,
W. K ennedy.
Open for business every business day, 9 a . m . to 12 m . ; 1.30 to 3 p . m .
B ala n c e S h e e t O c t . 31, 1901.
L ia b ilit 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
(notes), ..................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
$73,085
66,168
185,331
5,276
4,296
488,956
441,000
48
26
89
27,500
16,582
13,200
170
5,169
00
83
58
77
06
88
09
75
00
$1,326,738 59
Deposits, .
Guaranty fund,
Profit and loss ac
count, .
Premium account, .
$1,253,444 84
60,753 65
11,873 34
6 6 6 76
$1,326,738 59
Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston, .
First National Bank of Easton, North Easton, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$16,582 83
13,200 58
[Pub. Doc
REPOET OF THE
448
N orth E aston Savings B ank — 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,.
Greenfield, Mass. (Fire District), 4s,
North Easton, Mass. (Village District) , 4 s , ...................................
Estimated
Market Value.
00
25
50
00
00
00
Amount Invested,
$6,000
5,550
1,000
10,000
15,000
5,000
$6,105
5,855
1,077
10,225
15,950
5,000
$6,000
5,860
1,000
10,000
15,000
5,000
00*
48
00
00
00
00
30,000
32,700 00
30,225 00
$72,550
$76,912 75
$73,085 48
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank Stocks.
25 Atlantic Nat’l Bank, Boston, .
25 Atlas National Bank, Boston, .
16 Colonial Nat’l Bank, Boston, .
25 Manufacturers N’l B’k, Boston,
25 Market Nat’l Bank, Boston,
38 N’l B’k of Redemption, Boston,
25 National City Bank, Boston, .
20 National Eagle Bank, Boston,.
33 N’l Hide & Leather B’k, Boston,
38 National Revere Bank, Boston,
40 Nat’l Shawmut Bank, Boston,.
25 New England N’l B’k, Boston,
50 Shawmut Nat’l Bank, Boston,.
25 Shoe& Leather N’l B’k, Boston,
25 State Nat’l Bank, Boston,
12 Tremont Nat’l Bank, Boston, .
75 Neponset Nat’l Bank, Canton,
100 First National Bank of Easton,
Norlh Easton,
66 National City Bank, Lynn,
38 Bristol County, National Bank,
Taunton,
. ' .
7 Taunton Nat’l Bank, Taunton,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
$2,500
2,500
1,600
Estimated
Market Value.
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$3,150 00
2,878 13
2,400 00
_
1,750 00
4,789 00
10,000
6,600
12,000 00
10,230 00
10,500 00
8,282 80
3,800
700
4,560 00
875 00
4,560 00
920 50
$57,072
$71,126 00
$66,168 26
_
1,950
3,800
_
_
3,300
722
4,000
2,500
-
2,500
2,500
600
7,500
$3,050
2,675
2,400
75
325
4,750
125
60
4,092
114
8,000
3,600
50
3,750
2,775
120
7,500
Amount Invested.
_
_
3,607 83
695 00
6,000 00
3,325 00
_
2,203 75
2,693 75
312 50
8,100 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
449
N orth E aston Savings B ank — Continued.
Detailed Statement o f Railroad Bonds.
..
%
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 8¿s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. os, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3¿s, .
Illinois Central R.R. 4s, .
New York, New Haven & Hartford
R.R. 3¿s,
..................................
Old Colony R.R. 4s,.
Old Colony R.R. 4¿s,
Portland & Rumford Falls R.R. 4s,
Rumford Falls & Rangeley Lakes
R.R. 5 s , ...........................................
Par Value.
Estimated
Market Value.
Amount Invested.
$31,000
10,000
35,000
20,000
15,000
5,000
5,000
15,000
10,000
$31,947
12,600
36,171
21,900
15,850
5,462
4,750
15,150
11,100
50
00
53
00
00
50
00
00
00
$31,000
12,736
36,314
20,029
14,792
5,000
5,207
15,339
11,386
00
25
45
45
22
00
50
80
11
10,000
5,000
1,000
5,000
10,512
5,675
1,025
5,450
78
00
00
00
10,512
5,000
1,000
5,278
78
00
00
61
10,000
11,700 00
$177,000
11,734 72
$189,294 31 $185,331 89
Boston Terminal Company Bonds.
Estimated
Par Value.
Boston Terminal Company 3£s,
$5,000
Market Value.
Amount Invested.
$5,800 00
$5,276 88
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$16,582 83
27,500 00
25,000 00
Kate.
2
3à
4
per cent.
“
“
Amount.
Rate.
Amount.
Rate.
$195,200 00
25.000 00
60.000 00
4¿ per cent.
4|
4il
$380,540 00
31,853 46
92,363 29
5 per cent.
5¿
“
6
1 2 0 ,0 0 0 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the sa m e ,.............................................................................
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 estate,
.
.
. * .
.
. 268
Amount of investments from which no income is received............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,296 09
4,325 00
224,756 75
400 00
REPORT OF THE
450
[Pub. Doc.
North Easton Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ........................................................... $57,410 59
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., $22,578 19 ) 4g
g„
during the year ending Oct. 31, 1901, .
. 1 2 per cent.,
23,436 44 J
’
Number of accounts opened during the year ending Oct. 31, 1901, . 364
Number of accounts closed during the year ending Oct. 31, 1901,
. 172
Total number of open accounts Oct, 31, 1901,
.
.
.
.
2,859
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
2,13824
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
199,193 94
Number of s a m e ,.............................................................................1,880
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1901............................................................ ..........................................
142,209 29
Number of s a m e ,.............................................................................1,382
Date of examination by commissioner: May 9.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
451
SAYINGS BANK COMMISSIONERS
N O R T H E N D S A V IN G S B A N K — B O S T O N .
Incorporated Feb. 17, 1870.
C l in t o n V il e s , President.
W i l l i a m C. W
Present number of corporators, 25.
i l l ia m s o n ,
F r a n k E. B u x t o n , Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
C h a r l e s E. W i g g i n ,
W il l i a m G. S h i l l a b e r ,
C l in t o n V il e s ,
I n c r e a s e E. N o t e s ,
L. F o st e r M o r s e ,
J o sia h W . H a y d e n ,
*
H e n r y B. R i c e .
Open for business every business day, 9 a . m to 2 p . m . ; also Saturdays, for deposits
on ly , until 8
p .m .
Ba l a n c e S h e e t O c t . 31, 1901.
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, .
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 tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Suspense account.
Cash on hand, . . . .
L ia b ilit ie s .
$69,800
500
139,285
5,600
332,028
300
00
00
25
00
93
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
$3,485,661 67
97,900 00
26,110 66
25,106 26
1 ,2 0 0 00
219,309
19,472
2,079,103
418,800
50
27
33
00
154,600
334
183,000
3,703
1,690
6,050
00
73
00
30
29
99
$3,634,778 59
$3,634,778 59
Cash on Deposit in Banks, amount in each: —
Metropolitan National Bank, Boston,............................................................$93,000 00
National Bank of the Republic, B o s t o n ,...................................................
30,000
Shoe and Leather National Bank, Boston,...................................................
30,000
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
452
REPORT OF THE
[Pub. Doc
N o rth E n d Savings B ank — Continued.
Loan on Public Funds : —
$500 United States 4 s , .....................................................................................
$500 00
Loans on Bank Stock, amount on each: —
40 shares Winnisimmet National Bank, C h e l s e a ,.................................. $2,500 00
25 shares Third National Bank, B o s t o n ,...................................................
2,000 00
1,100 00
19 shares Metropolitan National Bank, Boston,.......................................
Loan on Railroad Bonds: —
$300 New York, New Haven & Hartford R.R. 4 s , ..................................
$300 00
Loan on Railroad Stock: —
9
shares Boston & Albany R .R .,.................................................................$1,200 00
Detailed Statement o f Public Funds.
Par Value.
City of Haverhill, Mass., 4s, .
of Rockford, 111., 4ès,
of Springfield, Mass., 3£s,
Mansfield, Mass., (Water District)
4 s , ...........................................
Estimated
Market Value.
Amount Invested.
$13,500
29,900
16,400
$14,107 50
31,843 50
16,471 75
$13,500 00
29,900 00
16,400 00
10,000
11,050 00
10,000 00
$69,800
$73,472 75
$69,800 00
Detailed Statement o f Bank Stocks.
«g 02
Estimated
Market Value.
55 Atlas National Bank, Boston, .
38 Eliot National Bank, Boston, .
2 Faneuil Hall Nat’l B’k, Boston,
20 First National Bank, Boston, .
31 Freemans Nat’l Bank, Boston,
25 Merchants N’l Bank, Boston, .
100 Metropolitan N’l B’k, Boston,
50 N’l B’k of Commerce, Boston,
110 National Bank of the Commonwealth, Boston,
4 N’l B’k of Redemption, Boston,
75 National City Bank, Boston, .
6 N’l Hide & Leather B’k, Boston,
80 Nat’ l Shawmut Bank, Boston,.
6 Nation alUnion Bank, Boston,
104 Nat’l Webster Bank, Boston, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount In vested.
$5,500
3,800
' 200
2,000
3,100
2,500
10,000
5,000
$5,885
5,700
260
3,500
3,131
4,375
10,000
6,300
00
00
00
00
00
00
00
00
$6,412
4,504
270
3,970
3,052
3,803
10,522
5,911
25
37
50
00
00
25
50
37
11,000
400
21,560
500
375
744
6,000
906
10,816
00
00
00
00
00
00
00
15,010
501
634
788
4,500
847
11,006
00
00
62
17
00
50
75
-
600
3,000
600
10,400
No. 8.]
SAYINGS BANK COMMISSIONERS
453
N orth E n d Savings B ank — Continued.
No. of
Shares.
Detailed Statement o f Bank Stocks — Concluded.
106
2
37
25
46
25
12
50
13
100
70
93
Par Value.
New England N’l B’k, Boston,
Old Boston N’l Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,
First National Bank, Chelsea,.
Massachusetts Loan & Trust
Company, Boston,
$10,600
200
-
2,500
4,600
2,500
1,200
5,000
650
10,000
7,000
9,300
$111,650
Estimated
Market Value.
$15,264
198
37
4,500
6,900
2,775
1,380
5,300
130
11,100
7,000
Amount Invested.
00
00
00
00
00
00
00
00
00
00
00
$16,571 50
243 62
9,765 00
10,628 00
-
4,005
5,805
2,928
1,424
5,121
1,030
12,025
7,767
50
00
00
81
99
13
00
42
$144,401 00 $139,285 25
Detailed Statement o f Railroad Bonds.
Par Value.
Concord & Montreal R.R. 4s, .
Erie & Pittsburgh R.R. 3^s,
Fitchburg R R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s, .
Kansas City, St, Joseph & Council
Bluffs R.R. 7s,
. . .
Michigan Central R.R. 7s,
New York Central R.R. 7s,
Penobscot Shore Line R.R. 4 s,.
Troy & Boston R.R. 7s, .
Upper Coos R.R. 4s,
. . .
Estimated
Market Value.
Amount Invested.
$12,000
20,000
95,000
20,000
25,000
$13,170
20,400
104,931
21,850
25,250
00
00
25
00
00
$12,000
20,853
95,000
20,000
25,000
00
12
00
00
00
25,000
7,000
25,000
40,000
20,000
25,000
29,000
7,113
26,062
43,800
30,850
27,625
00
75
50
00
00
00
29,175
7,126
26,114
40,864
31,145
24,750
00
87
22
50
22
00
$314,000 $350,052 50 $332,028 93
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3ès,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$205,000
Estimated
Market Value.
$237,800 00
Amount Invested.
$219,309 50
454
REPOET OF THE
[Pub. Doc.
N o rth E n d Savings B ank — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$168,000
40.000
10.000
42,000
32,600
39,500
00
00
00
00
00
00
Rate.
Amount.
2£ per cent.
$25,000
10,000
401,000
45,000
621,685
2,500
3
“
3iy5<> “
3i
3%o
3£
“
“
Rate.
00
00
00
00
00
00
3 f per cent.
3&
“
4
4i
4£
4|
“
“
“
“
Amount.
$1,226,984
70,000
29,050
78,918
1,200
Rate.
73
00
00
33
00
5 per cent.
Si
5i
6
7
“
“
“
Value, by books, of real estate held or owned by foreclosure or otherwise,
$19,472
Assessed value of the sam e,.............................................................................
30,175
Number of loans which are of an amount not exceeding $3,000 each, 261
Aggregate amount of the s a m e , ................................................... ........
427,168
Total number of loans upon real e s t a t e , ...........................................450
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
152,818
Times for the dividends fixed by the by-laws: January 1 and July 1;
payable on same days.
■Rate and amount ofeach semi-annualdividend f 1| per cent., $53,342 21 )
108,698
during the year ending Oct. 31,1901,.
.
1 1| per cent.,
55,356 67 1
Number of accounts opened during the year ending Oct. 31, 1901,
1,661
Number of accounts closed during the year ending Oct. 31, 1901,
1,054
8,550
Total number of open accounts Oct. 31, 1901..................................
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)..................................................... ..........................................
12,228
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,..................................................................................... 1,027,049
Number of s a m e ,....................................................................................11,673
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
884,175
Number of s a m e ,..................................................................................... 8,885
Date of examination by commissioner: Feb. 11.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
27
00
33
08
88
93
00
26
No. 8.]
455
SAVINGS 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, 23.
B e n j a m in H . H a r t w e l l , President.
S a r a h T . T u t e n , Treasurer.
W il l i a m U. S h e r w i n , Clerk of 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 i n L. W h i t e ,
P eter T a r b e l l ,
D a n ie l W . F l e t c h e r .
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 Sh e e t O ct . 31, 1901.
L ia b ilit 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 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, .
Deposits in banks, not on interest,
Expense account,
Bank liquidation account, .
Taxes and improvements on real
estate,
..................................
Premium account,
Tax account,
.
.
.
.
Cash on hand, . . .
.
$15,000
15,134
19,365
139,000
40,637
00
08
00
00
50
35.000
3,200
436,452
131,976
00
00
46
52
45,500
440
24.000
932
565
669
00
00
00
42
8,500
443
373
93
00
02
61
Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,
Rent account, .
Due on mortgage
loan,
$868,172
16,200
8,138
18,539
652
27
00
44
17
90
5,529 53
68
07
44
$917,232 31
$917,232 31
Cash on Deposit in Banks, amount in each : —
First National Bank, Ayer,.............................................................................$15,486 47
National Shawmut Bank, B o s t o n , ............................................................
9,446 2l
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
456
REPORT OF THE
[Pub. Doc
North Middlesex Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
$1,550 00
15,000 00
115 00
18 shares First National Bank, Ayer,
171 shares First National Bank, Ayer,
6 shares First National Bank, Ayer,
14 shares Boylston National Bank, Boston,
12 shares First National Bank, Boston,
10 shares Wachusett National Bank, Fitchburg,
2,700
00
Detailed Statement o f Public Funds.
Estimated
Par Value.
Massachusetts 3£s, .
.
.
.
City of Marlborough, Mass., 4s,
Town of Walpole, Mass., 4s, .
Market Value.
Amount Invested.
$5,000
5.000
5.000
$5,530 00
5,700 00
5,678 00
$5,000 00
5.000 00
5.000 00
$15,000'
$16,908 00
$15,000 00
No. o f
Shares.
Detailed Statement o f Bank Stocks.
40
6
5
15
10
14
10
5
10
20
Par Value.
First National Bank, Ayer,
Blackstone N’l Bank, Boston, .
Commercial N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
N’l Hide & Leather B’k, 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
1,400
1,000
500
1,000
2,000
$11,538
Estimated
Market Value.
$5,200
30
665
75
1,500
1,736
2,000
575
1,110
2,200
Amount Invested.
00
00
00
00
00
00
00
00
00
00
$4,247 25
$15,091 00
$15,134 08
-
970 00
-
1,355
1,949
1,500
840
1,262
3,010
00
33
00
00
50
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 £ s , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Estimated
Market Value.
Amount Invested.
$5,000
15,000
$5,700 00
19,050 00
$5,000 00
15,000 00
5,000
5,950 00
5,000 00
No. 8.]
457
SAYINGS BANK COMMISSIONERS
North Middlesex Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3ès, .
Concord & Montreal R.R. 4s, .
Erie & Pittsburgh R.R. 3ès,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4^s, .
.
.
.
Fitchburg R.R. 5s..............................
Illinois Central R.R. 3£s, .
Illinois Central R.R. 4s, .
Milwaukee, Lake Shore & Western
R R. 5 s ,...........................................
New York, New Haven & Hartford
R.R. 3 i s , ..................................
Old Colony R.R. 4s,.
$12,000
10,000
10,000
8,000
5,000
16,000
5,000
12,000
10,000
5,000
Estimated
Market Value.
$12,360
11,050
10,600
8,960
5,100
17,902
5,618
12,690
10,025
5,125
Amount Invested.
00
00
00
00
00
10
75
30
00
00
$12,000
10,000
10,000
8,000
5,000
16,000
5,000
12,000
10,000
5,000
00
00
00
00
00
00
00
00
00
00
10,000
12,750 00
10,000 00
5,000
6,000
5,250 00
7,052 50
5,000 00
6,000 00
$139,000
$155,183 65 $139,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$35,000
Estimated
Market Value.
$40,600 00
Amount Invested.
$40,637 50
Total Amount of Loans, with Each Specified Rate of Interest.
Amount.
$24,000 00
32,500 00
58,300 00
Rate.
per cent.
“
4
“
2
3è
Amount.
$40,700 00
335,855 76
43,320 30
Rate.
Amount.
4^ per cent.
5
“
Si
“
$116,105 40
6,952 52
Amount invested in real estate for banking purposes.....................................
Estimated value of the same,.............................................................................
Assessed value of the same, .............................................................................
Net income received from same during year ending Oct. 31, 1901,
Value, by books, of other real estate, held or owned by foreclosure or
otherwise...........................................................................................................
Assessed value of the sa m e ,.............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 340
Aggregate amount of the s a m e ,....................................................................
Total number of loans upon real e s t a t e , ...........................................314
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Rate.
6
per cent.
7
$35,000
35,500
25,360
1,383
00
00
00
97
3,200 00
3,000 00
361,886 71
458
REPORT OF THE
[Pub. Doc.
North Middlesex Savings Bank — Concluded.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ...........................................................
$40,364 06
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 r 1| per cent., $13,679 18 1
during the year ending Oct. 31, 1901,
.
j If per cent., 14,196 10 ) 27,875 28
Number of accounts opened during the year ending Oct. 31, 1901,
. 525
Number of accounts closed during the year ending Oct. 31, 1901,
. 400
Total number of open accounts Oct. 31, 1901,
.
.
.
.
3,293
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes),
.....................................................................................
1,856 85
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
188,653 46
Number of s a m e ,................................................... • .
.
.
2,997
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901......................................................................................................
174,107 22
Number of s a m e ,.............................................................................2,135
Date of examination by commissioner: January 10.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
459
SAVINGS BANK COMMISSIONERS.
OR ANG E SA V IN G S B A N K — O R AN G E.
Incorporated March 30, 1871.
Jo h n W . W
Present number of corporators, 25.
G e o r g e W . A n d r e w s , Treasurer.
G e o r g e W . A n d r e w s , Cleric of the Corporation.
h eeler,
President.
Names of committee charged with the investment of its funds :
F. L. W a t e r s ,
A. W . B a l l o u ,
C. A. T o w n e ,
G e o r g e W. A n d r e w s .
Open for business every business day, 9 a . m . to 3 p .m .
B ala n c e Sh eet O ct . 31, 1901.
L ia b ilit 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 tes),..................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Cash on hand, .
.
.
.
$92,300
35,550
3,500
154,000
00
00
00
00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
1 0 ,0 0 0 00
$1,215,517 80
41,350 00
2,389 40
40,771 58
27,278 93
801,622 50
107,200 0 0
54,096
1,956
3,436
581
6,125
2,381
40
70
69
09
00
47
$1,300,028 78
$1,300,028 78
Cash on Deposit in Banks, amount in each: —
Franklin County National Bank, Greenfield,
Orange National Bank, Orange, .
.
.
.
$436 69
4,956 70
Loans on Bank Stock, amount on each : —
30 shares Home National Bank, Holyoke, .
10 shares Orange National Bank, Orange, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,500 00
1,000 00
460
[Pub. Doc
REPORT OF THE
Orange Savings Bank — Continued.
Detailed Statement o f Public Funds.
Par Value.
City of Brockton, Mass., 4s,
of Gardiner, Me., 4s,
of Laconia, N. H., 4s,
of Malden, Mass., 4s,
of Manchester, N. IL, 4s, .
of Melrose, Mass., 4s,
of Meriden, Conn., 4s,
of New Britain, Conn., 4s,
of Newton, Mass., 4s,
of Rockford, 111., 4ès,
of Somerville, Mass., 4s, .
of Worcester, Mass., 4s, .
Town of Belmont, Mass., 4s, .
of Leominster, Mass., 4s,
of Orange, Mass., 4s,
of Plainfield, Conn., 4 s,.
of Watertown, Mass., 3is,
of Westfield, Mass., 3£s,
$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
1,000
3,000
7,000
8,000
$92,300
Estimated
Market Value.
$5,497
6,030
1,105
5,662
15,900
5,450
5,300
5,625
5,850
5,375
3,067
5,225
1,042
7,464
1,005
3,270
7,192
8,415
50
00
00
50
00
00
00
00
00
00
50
00
50
25
00
00
50
00
$98,476 75
Amount Invested.
$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
1,000
3,000
7,000
8,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$92,300 00
Ko. o f
Shares.
1
Detailed Statement o f Bank Stocks.
6
15
5
3
65
20
20
3
16
15
10
39
43
100
10
10
3
Par Value.
Miller’s River N’l B’k, Athol, .
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central National Bank, Boston,
Eliot National Bank, Boston, .
First Ward N’l Bank, Boston, .
Manufacturers N’l B’k, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea, .
First National Bank, Gardner,
Franklin Co. N’l B’k, Greenfield,
Orange Nat’l Bank, Orange, .
First Nat’l Bank, Springfield, .
Third N’l B’k, Springfield,
Union Market National Bank,
Watertown, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$600
1,500
500
300
6,500
2,000
-
300
1,600
750
1,000
3,900
4,300
10,000
1,000
1,000
Estimated
Market Value.
$990
1,605
525
354
9,750
3,200
60
372
1,664
150
1,000
4,095
4,386
16,000
1,050
2,200
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Amount Invested.
$600
1,500
500
300
6,500
2,000
00
00
00
00
00
00
-
300
1,600
750
1,000
3,900
4,300
10,000
1,000
1,000
00
00
00
00
00
00
00
00
00
300
405 00
300 00
$35,550
$47,806 00
$35,550 00
No. 8.]
461
SAVINGS BANK COMMISSIONERS
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. 4£s.,
Boston, Revere Beach & Lynn R.R.
4 è s , ..........................................
Chie., Burlington & Quincy R.R. 3¿s,
Chicago & Northwestern R.R. 7s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 34s,.
New York, New Haven & Hartford
R.R. S è s , ..................................
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Old Colony R.R 4 s,.
Old Colony R.R. 4¿s,
Estimated
Market Value.
Amount Invested.
$10,000
19,000
5,000
10,000
$10,700
20,145
5,750
12,600
00
00
00
00
$10,000
19,000
5,000
10,000
00
00
00
00
10,000
30,000
2,000
17,000
2,000
5,000
16,000
11,600
30,600
2,380
17,965
2,040
4,750
16,160
00
00
00
00
00
00
00
10,000
30,000
2,000
17,000
2,000
5,000
16,000
00
00
00
00
00
00
00
5,000
5,225 00
5,000 00
5,000
17,000
1,000
5,800 00
18,785 00
1,025 00
5,000 00
17,000 00
1,000 00
$154,000
$165,525 00 $154,000 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3¿s,
$10,000
Estimated
Market Value.
$11,600 00
Amount Invested.
$10,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
$1,956 70
5,000 00
69,096 40
2
H
4
per cent.
“
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$15,000 00
120,810 00
23,900 00
Rate.
Amount.
4j per cent.
4¿
“
4|
“
$708,567 50
15,800 00
8,245 00
Rate.
5 per cent.
64
6
“
462
REPORT OF THE
[Pub. Doc
Orange Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or other
wise, .............................................................................................................. $27,278 93
Assessed value of the sa m e ,.............................................................................
21,355 00
Number of loans which are of an amount not exceeding $3,000 each, 317
Aggregate amount of the s a m e , ....................................................................
329,058 90
Total number of loans upon real e s t a t e , ...........................................324
Amounted investments from which no income is received,
.
.
.
3,436 69
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
58,290 54
Times for the dividends fixed by the by-laws : last Wednesday in January
and July; payable February 1 and August 1.
Rate and amount of each semi-annual dividend J \%per cent., $19,976 25 1 ^ ^
during the year ending Oct. 31, 1901,.
1 If per cent., 20,546 46 1
’
Number of accounts opened during the year ending Oct. 31, 1901,
. 533
Number of accounts closed during the year ending Oct. 31, 1901,
. 420
Total number of open accounts Oct. 31, 1901,
.
.
.
.
4,283
Total expenses of the corporation for the year ending Oct. 31,1901 (ex
clusive of taxes)............................................................................................... 2,85168
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 19 0 1 ,.....................................................................................
204,019 04
Number of s a m e ,............................................................................ 3,059
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , .............................................................................................
207,764 30
Number of s a m e ,............................................................................ 2,659
Date of examination by commissioner: January 17.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS
463
P A LM E R SA V IN G S B A N K — P A L M E R .
Incorporated March 4, 1870.
H . G . L o o m is ,
Present number of corporators, 62.
President.
Charles L . W a id ,
W il l ia m W . L e a c h ,
Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
Ja m e s B . S h a w ,
W . E . Stone,
H e n r y G . L o o m is ,
W il l ia m H olbr o o k ,
E . G . H a s t in g s .
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 alan ce S h eet O ct . 31, 1901.
A sse ts.
Public funds, as per schedule, .
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 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 tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Unpaid interest account, .
Cash on hand, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
L ia b il it ie s .
$113,000
29,200
4,700
339,625
4,500
25,000
00
00
00
00
00
00
14,000
25,822
1,014,665
212,331
00
77
00
00
5,650
240
79,288
1,074
896
26,329
00
00
20
81
03
06
$1,896,321 87
Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Real estate income
account,
Income safe deposit
boxes, .
$1,819,680 25
61,500 00
7,389 68
6,089 06
1,566 88
96 00
$1,896,321 87
REPORT OF THE
464
[Pub. Doc
P a lm e r Savings B ank — Continued.
Cash on Deposit in Banks, amount in each: —
Palmer National Bank, Palmer,.................................................................... $22,548 25
Agawam National Bank, Springfield,............................................................
11,562 69
City National Bank, Springfield,....................................................................
21,340 24
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
23,837 02
Loans on Bank Stock, amount on each : —
3 shares Palmer National Bank, Palmer, .
.
.
.
.
.
.
10 shares Palmer National Bank, Palmer,...................................................
34 shares Palmer National Bank, Palmer,...............................................
$300 00
1,000 00
3,400 00
Loan on Railroad Bonds : —
$5,000 Illinois Central R.R. 3 s , .................................................................... $4,500 00
Detailed Statement o f Public Funds.
Par Value.
City of Altoona, Pa,, 4s, .
of Dubuque, Iowa, 4s,
of Kansas City, Mo., 4£s,.
of Malden, Mass., 4s,
of Peoria, 111., 4£s, .
of Rockland, 111., 44s,
of St. Joseph, Mo., 3is, .
of VVaterbury, Conn., 4s, .
Town of Monson, Mass., 4s,
Estimated
Market Value.
$5,000
15,000
30,000
10,000
3,000
5,000
25,000
10,000
10,000
$5,550
16,350
33,900
10,400
3,180
5,275
25,675
10,900
10,850
00
00
00
00
00
00
00
00
00
$113,000 $122,080 00
Amount Invested.
$5,000
15,000
30,000
10,000
3,000
5,000
25,000
10,000
10,000
00
00
00
00
00*
00
00
00 *
00
$113,000 00
* A legal investment when made.
No. of
Shares.
Detailed Statement o f Bank, Stocks.
25
10
33
116
31
50
20
7
Par Value.
State National Bank, Boston, .
Brockton N’l Bank, Brockton,
Monson Nat’l Bank, Monson, .
Palmer Nat’l Bank, Palmer, .
Agawam N’l B’k, Springfield,
Chapin N’l Bank, Springfield,
Springfield Safe Deposit and
Trust Company, Springfield,
Ware National Bank, Ware, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,500
1,000
3,300
11,600
3,100
5,000
Estimated
Market Value.
$2,775
1,180
4,125
11,600
3,100
5,750
00
00
00
00
00
00
Amount Invested.
$2,500
1,000
3,300
11,600
3,100
5,000
00
00
00
00
00
00
2,000
700
3,000 00
742 00
2,000 00
700 00
$29,200
$32,272 00
$29,200 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
465
Palmer Savings Bank — Continued.
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Par Value.
Estimated
Market Value.
Amount Invested
$17,000
20,000
15,000
$19,040 00
20,400 00
18,900 00
$17,000 00
20,000 00
15,000 00
Beech Creek R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Boston, Revere Beach & Lynn R.R.
4 è s , ...........................................
Chic., Burlington & Quincy R.R. 3¿s,
Ghie., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4£s, .
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, .
Joliet & Northern Indiana R.R. 7s, .
Maine Central R.R. 7s,
Milwaukee, Lake Shore & Western
R R, 5 s,...........................................
New York, New Haven & Hartford
R.R. 3¿s,
.
.
.
.
.
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4és,
20,000
20,000
10,000
10,000
10,000
23,000
10,000
25,000
25,000
50,000
12,000
2,000
23,400
20,400
10,400
11,000
11,075
24,490
9,700
22,625
25,250
56,500
• 14,160
2,620
00
00
00
00
00
00
00
00
00
00
00
00
20,000
20,000
10,000
10,000
10,000
23,000
10,000
22,625
25,000
50,000
12,000
2,000
00
00
00
00
00
00
00
00
00
00
00
00
23,000
28,980 00
23,000 00
10,000
10,500 00
10,000 00
30,000
5,000
5,000
36,000 00
5,350 00
5,750 00
30,000 00
5,000 00
5,000 00
$342,000 $376,540 00
$339,625 00
B o sto n T er m in a l C o m p a n y
B on d s.
Estimated
Market Value.
$25,000
Boston Terminal Company 3ès,
$29,000 00
AüJOUilt 111Vcsteti*
$25,000 00
Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter es t.
Rate.
Amount.
$12,548 25
56,739 95
10,000 00
2
per cent.
3
4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
Rate.
Amount.
$10,150 00
42,000 00
982,197 00
4¿ per cent.
41
»
5
“
Amount.
$86,177 00
121,362 00
200 00
Rate.
5£ per cent.
6
“
6¿
“
466
REPORT OF THE
[Pub. Doc.
Palmer Savings Bank — Concluded.
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. 31,1901,
.
.
394 84
Value, by books, of other real estate, held or owned by foreclosure or
otherwise,......................................................................................................
25,822 77
Assessed value of the sa m e,.............................................................................
22,525 00
Number of loans which are of an amount not exceeding $3,000 each,. 446
Aggregate amount of the s a m e , ....................................................................
497,275 00
Total number of loans upon real e s t a t e , ...........................................464
Amount of investments from which no income is received, .
.
.
.
1,477 77
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1901,
.
.
.
.
.
.
.
.
86,013 83
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., $31,731 26 ) 6<- 4g6
during the year ending Oct. 31, 1901,.
.
(2 per cent.,
33,734 79 J
’
*
Number of accounts opened during the year ending Oct. 31, 1901,
. 805
Number of accounts closed during the year ending Oct. 31,1901,
. 472
Total number of open accounts Oct. 31, 1901,
.
.
.
.
4,282
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , ....................................................................
3,890
52
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1901, .
.
.
.
.
.
.
.
.
.
.
372,284 00
Number of s a m e ,.............................................................................3,786
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1901.....................................................................................
259,918
24
Number of s a m e ,.............................................................................2,407
Date of examination by commissioner: April 15 and 16.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
467
SAVINGS BANK COMMISSIONERS.
P E N T IICK ET4 S A V IN G S B A N K — H A V E R H IL L .
Incorporated March 27, 1891. Present number of corporators, 16.
G e o r g e H . Ca r l e t o n ,
President.
C h a r l e s S . T it c o m b ,
C h a r l e s S. T i t c o m b ,
Treasurer.
Clerk of the Corporation.
Names of committee charged with the investment of its funds :
G e o r g e H . Ca r l e t o n ,
Ch arles H . H a v e s,
Jo h n A . G a l e ,
O l iv e r T a y l o r ,
T homas L a h e t .
Open for business every business day except Saturdays, 9
9 a . m . to 12.30 P.M .
B alance
Sh ee t
Oct.
.
to 3 p . m . ; Saturdays,
31,1901.
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,
Loans on real estate, .
Loans on personal security,*
Loans to counties, cities or towns
(n o tes),..................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Premium account,
Cash on hand...............................
a .m
L ia b ilit ie s .
$16,600
00
1 0 ,0 0 0 00
10,360 00
11,900 00
107,990 00
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
$767,780 27
8,885 00
2,558 68
30 67
1 0 ,0 0 0 00
292,675 00
268,075 00
4,000 00
60 00
21,304 71
15,928 86
522 88
8 ,1 0 0 0 0
1,738 17
$779,254 62
$779,254 62
* Since reduced within the legal limit.
Cash on Deposit in Banks, amount in each : —
Beacon Trust Company, Boston.......................................................................$8,056 38
Second National Bank, H a v e r h i l l ,............................................................
15,928 86
Haverhill Safe Deposit and Trust Company, Haverhill, .
.
.
.
13,248 33
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
468
Pentucket Savings Bank — Continued.
Loan on Public Funds: —
$3,000 City of Quincy, Mass., 3 £ s , ............................................................t
2.000 City of Somerville, Mass., 3£s,............................................................i $10,000 00
5.000 Town of Williamstown, Mass, ( n o t e ) , ...........................................J
Loans on Bank Stock, amount on each: —
$5,500 00
500 00
60 shares Beacon Trust Company, Boston,..................................
5 shares Merchants National Bank, Haverhill, .
.
.
.
10 shares Merchants National Bank, Haverhill,.
27 shares Haverhill Safe Deposit and Trust Company, Haverhill,
33 shares Merchants National Bank, Haverhill............................
1,000 00
4,900 00
D eta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
City of
of
of
of
of
of
of
Barre, Vt., 4s,
Brockton, Mass., 4s, .
Grand Rapids, Mich., 4£s, .
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.
$1,055
1,700
2,220
3,045
5,462
3,255
1,057
00
00
00
00
50
00
50
$17,795 00
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.
D eta iled Sta tem en t o f B a n k S tock s.
10
25
25
32
10
10
Par Value.
Everett National Bank, Boston,
Fourth National Bank, Boston,
N’l B’k of the Republic, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
First National Bank, Chelsea,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$160
2,500
2,500
3,200
1,000
1,000
$10,360
Estimated
Market Value.
$10
3,125
3,775
4,800
1,110
1,000
00
00
00
00
00
00
$13,820 00
Amount Invested.
$160
2,500
2,500
3,200
1,000
1,000
00
00
00
00
00
00
$10,360 00
No. 8.]
469
SAYINGS BANK COMMISSIONERS.
Pentucket Savings Bank — Continued.
D etailed S ta tem en t o f R a ilr o a d B o n d s .
Estimated
Par Value.
Albany & Susquehanna R.R. 7s,
Boston & Lowell R.R, 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 3às,
Chic., Burlington & Quincy R R. 4s,
Erie & Pittsburgh R.R. 3¿s,
Fitchburg R.R. 3ès, .
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R 7s,
Maine Central R.R. 4ès, .
New York & New England R.R. 6s,
Ottumwa, Cedar Falls & St. P. R.R.
5 s ,...................................................
Upper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R.R. 4s,
$1,000
8,000
2,000
4,000
12,000
10,000
15,000
5,000
5,000
10,000
10,500
2,000
Market Value.
$1,140
8,725
2,300
5,040
12,240
10,450
15,375
5,125
5,587
8,850
10,605
2,250
00
00
00
00
00
00
00
00
50
00
00
00
Amount Invested.
$1,000
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
5,000
500
7,000
5,775 00
550 00
7,507 50
5,000 00
500 00
7,000 00
5,000
3,000
4,000
5,462 50
3,210 00
4,480 00
5,000 00
2,925 00
4,000 00
$109,000 $114,672 50 $107,990 00
B o sto n T e r m in a l C o m p a n y B o n d s.
Par Value.
Boston Terminal Company 3ès,
$10,000
Estimated
Market Value.
$11,600 00
Amount Invested.
$10,000 00
Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter est.
Amount.
$8,056 38
13,248 33
63,375 00
Rate.
2
H
4
per cent.
“
«
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$53,500 00
190,300 00
42,500 00
Rate.
Amount.
Rate.
41 per cent.
H
“
4|
“
$214,995 00
5 per cent.
1 0 ,0 0 0 00
12,040 00
öi
6
“
“
470
JREPOKT OF THE
[Pub. Doc.
Pentucket Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 118
Aggregate amount of the same.......................................................................... $167,935 00
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. 3 1 , 1 9 0 1 , ............................................................
31,882 48
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., $11,638 28
23,722 11
during the year ending Oct. 31, 1901, .
. 1 1| per cent.,
12,083 83
Number of accounts opened duringthe year ending Oct. 31,1901,
. 500
Number of accounts closedduring the year ending Oct. 31, 1901,
. 268
Total number of open accounts Oct. 31, 1901,
.
.
.
.
1,936
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of t a x e s ) , .....................................................................................
1,978 63
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
205,921 43
Number of s a m e ,.....................................................................2,255
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1901......................................................................................................
147,331 82
Number of s a m e ,..................................................................... 1,769
Date of examination by commissioner: June 13.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
SAVINGS BANK COMMISSIONERS.
No. 8.]
471
PE O P LE’S S A V IN G S B A N K — BROCKTON.
Incorporated Feb. 8 , 1895. Present number of corporators, 43.
W il l ia m
L.
D ouglas,
President.
A. T.
S. K e n t , Clerk of the Corporation.
Jo n e s ,
Treasurer.
Jo h n
Names of committee charged with the investment of its funds:
W il l ia m
F red.
P.
L.
D ouglas,
F r a n c is
R ic h m o n d ,
E dw ard
B.
B.
Gard ner,
M ellen,
E mery M . Lo w .
Open for business every business day except Saturdays, 9 a . m .
9 a . m . to 12 M.
Balance
Sh eet
2 p . m . ; Saturdays,
O c t . 3 1 , 1901.
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,
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
(notes)......................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Suspense account,
Furniture and fixtures,
Cash on hand, . . . .
to
$56,060 00
9,600 00
800 00
200,500 0Ö
Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,
$873,980
6,657
4,472
1,509
70
49
42
98
100 00
2 0 ,0 0 0 00
3,275 00
403,890 00
147,750 00
14,000 00
15 00
8,968 24
6 6 6 40
18,623 75
162 10
1,350 00
860 10
$886,620 59
$886,620 59
Cash on Deposit in Banks, amount in each: —
Brockton National Bank, Brockton,............................................................$1,793 66
Home National Bank, Brockton......................................................................
3,587 29
Plymouth County Safe Deposit and Trust Company, Brockton,
.
.
3,587 29
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
472
People’s Savings Bank, Brockton — Continued.
Loan on Bank Stock: —
TO shares Plymouth County Safe Deposit and Trust Company, Brockton,
$800
Loan on Railroad Bonds ; —
$100 Maine Central R.R. 7 s ,.............................................................................
$100
D eta iled S ta tem en t o f P u b lic F u n d s .
Par Value.
City of Brockton, Mass., 4§,
of Canton, Ohio, 4 s,.
of Dayton, Ohio, 4 s,.
of Indianapolis, Ind., 4s, .
of Joliet, 111., 5s,
of New Britain, Conn., 4s,
of South Bend, Ind., 4s, .
of St. Joseph, Mo., 3és, .
Town of Stoughton, Mass., 4s,
Estimated
Market Value.
$10,000
8,060
5,000
2,000
10,000
4,000
5,000
10,000
2,000
$11,037
8,154
5,018
2,125
10,425
4,490
5,195
10,350
2,160
$56,060
$58,955 87
50
62
75
00
00
00
00
00
00
Amount Invested.
$10,000
8,060
5,000
2,000
10,000
4,000
5,000
10,000
2,000
00
00
00
00
00
00
00
00
00
$56,060 00
D eta iled S ta tem en t o f B a n k Stock s.
H-t CO
O o
o g
S5
9
30
34
13
10
Par Value.
First National Bank, Boston, .
Massachusetts Loan and Trust
Company, Boston,
Suffolk National Bank, Boston,
Plymouth County Safe Deposit
& Trust Company, Brockton,
Brockton NT Bank, Brockton,
Estimated
Market Value.
Amount Invested.
$900
$1,575 00
$900 00
3,000
3,400
3,420 00
3,910 00
3,000 00
3,400 00
1,300
1,000
1,300 00
1,180 00
1,300 00
1,000 00
$9,600
$11,385 00
$9,600 00
D eta iled S ta tem en t o f R a ilr o a d B o n d s .
Par Value.
Albany & Susquehanna R.R. 6s,
Boston, Winthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 3£s,
Dexter & Newport R.R. 4s,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$27,000
2,000
21,000
7,000
Estimated
Market Value.
$29,733
2,150
21,472
7,560
75
00
50
00
Amount Invested.
$27,000
2,000
21,000
7,000
00
00
00
00
No. 8.]
473
SAYINGS BANK COMMISSIONERS
P eo p le’ s Savings B an k, B rockton — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.
Dexter & Piscataquis R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
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. 5s,...........................................
New York, New Haven & Hartford
R.R. 3^s,
.
.
.
.
.
Old Colony R.R. 4s, .
Old Colony R.R. 4ès,
Ottumwa, Cedar Falls & St. Paul
R.R. 5 s ,...........................................
Portland & Rumford Falls R.R. 4s,.
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
Estimated
Market Value.
Amount Invested.
$5,000
10,000
10,000
5,000
45,000
$5,587
11,200
10,945
6,000
45,562
50
00
00
00
50
$5,000
10,000
10,000
5,000
45,000
00
00
00
00
00
5,000
7,000
2,500
5,000
5,806
7,455
2,875
5,862
25
00
00
50
5,000
7,000
2,500
5,000
00
00
00
00
6,000
7,680 00
6,000 00
10,000
2,000
1,000
10,525 00
2,320 00
1,027 50
10,000 00
2,000 00
1,000 00
5,000
13,000
5,506 25
14,430 00
5,000 00
13,000 00
12,000
15,900 00
12,000 00
$200,500
$219,598 75
$200,500 00
Boston Terminal Company Bonds.
Par Value.
Boston Terminal Company 3£s,
$ 2 0 ,0 0 0
Estimated
Market Value.
$23,200 00
Amount Invested.
$20,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.
Amount.
$8,968 24
7 ,0 0 0 00
6 ,0 0 0 00
per cent.
3i
“
33%00 “
2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$ 1 ,0 0 0 00
75.000 00
2 0 .0 0 0 00
Rate.
Amount.
Rate.
4 per cent.
H
“
$259,240 00
48,850 00
149,465 00
5 per cent.
5à
“
6
474
EEPORT OF THE
[Pub. Doc.
People’s Savings Bank, Brockton — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$3,275 00
Assessed value of the s a m e ,.............................................................................
3,525 00
Number of loans which are of an amount not exceeding $3,000 each, 219
Aggregate amount of the s a m e , ....................................................................
279,830 0 0
Total number of loans upon real e s t a t e , ...........................................219
Amount of investments from which no income is received, .
.
.
.
300 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 9 0 1 , ............................................................
39,075 25
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 If per cent., $11,397 97 j
3 97 73
during the year ending Oct. 31, 1901,
.
( 1| per cent.,
12,999 76 J
’
Number of accounts opened during the year ending Oct. 31, 1901,
1,259
Number of accounts closed during the year ending Oct. 31, 1901,
. 478
Total number of open accounts Oct. 31, 1901,
.
.
.
.
3,621
Total expenses of the corporation for the year ending Oct. 31, 1901 (ex
clusive of taxes)................................................................................................
4,042 41
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 1 ,.....................................................................................
386,057 67
Number of s a m e ,.............................................................................6,505
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 1 , ..............................................................................................
235,361 97
Number of s a m e ,.............................................................................3,668
Date of examination by commissioner: August 2.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
475
SAYINGS BANK COMMISSIONERS
PEOPLES SA V IN G S B A N K — H O LY O K E .
Incorporated March 19, 1885. Present number of corporators, 44.
J o h n T i l l e y , President.
F . H . C h a m b e r l i n , Treasurer.
A. L. G r e e n , Clerk of 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 i l l e y ,
J. A . S u l l iv a n .
Open for business every business day except Saturdays, 9 a .m . to 4 p .m . ; Saturdays,
9 a .m . to 12 m . ; also Thursdays, 7 to 8 p . m .
B alan ce Sh e e t O ct . 31, 1901.
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, .
Furniture and fixtures,
Cash on hand, .
.
.
.
$21,873
13,450
135,000
75,000
4,811
600,473
251,803
290
78,998
1,125
6,189
00
00
00
00
99
00
50
00
14
15
99
Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Suspense account, .
$1,189,014 77
$1,137,706 08
26,200 00
23,109 61
1,929 29
69 79
$1,189,014 77
Cash on Deposit in Banks, amount in each: —
$48,998 14
15,000 0 0
15,000 00
Home National Bank, Holyoke.....................................
Hampshire County National Bank, Northampton,
Northampton National Bank, Northampton,
Loans on Bank Stock, amount on each: —
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$700
900
00
00
2 ,2 0 0 0 0
k
2,850
00
o
o
q_
c<f
10 shares Home National Bank, Holyoke, .
10 shares Home National Bank, Holyoke, .
25 shares Home National Bank, Holyoke, .
2 shares Home National Bank, Holyoke, .
2 shares Franklin County National Bank, Greenfield,
30 shares City National Bank, Holyoke,
13 shares First National Bank Springfield,.
10 shares Chicopee National Bank, Springfield, .
11 shares Home National Bank, Holyoke, .
50 shares City National Bank, Holyoke,
00
800
4,000
00
00
476
REPORT OF THE
[Pub. Doc.
P eoples Savings B ank, H o ly o k e — Continued.
Ko. of
Shares.
Detailed Statement o f Bank Stocks.
58
20
10
50
60
Par Value.
City National Bank, H olyoke,.
Hadley Falls N’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Home Nat’l Bank, Holyoke, .
John Hancock National Bank,
Springfield, .
.
.
.
15,800
2,000
1,000
5,000
Estimated
Market Value.
$6,670
2,600
1,500
5,750
Amount Invested.
00
00
00
00
$5,913
2,700
1,650
5,000
00
00
00
00
6,000
6,000 00
6,610 00
$19,800
$22,520 00
$21,873 00
Detailed Statement o f Railroad Bonds.
*
Estimated
Market Value.
Amount Invested.
$35,000
50,000
$38,500 00
56,000 00
$35,000 00
50,000 00
50,000
52,500 00
50,000 00
$135,000 $147,000 00
$135,000 00
Par Value.
Albany & Susquehanna R.R. 6s,
Fitchburg R.R. 4s, .
New York, New Haven & Hartford
R.R. 3ès,
.
.
.
.
.
.
Boston Terminal Company Bonds.
Boston Terminal Company 3ès,
Par Value.
Estimated
Market Value.
Amount Invested.
$75,000
$87,000 00
$75,000 00
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.
Amount.
Rate.
3J per cent.
4
“
$152,100 00
695,416 50
4£ per cent.
5
Amount.
$63,998 14
15,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount.
$14,050 00
4,450 00
Kate.
5£ per cent.
6
No. 8.]
SAYINGS BANK COMMISS